Full text of Survey of Current Business : May 1947
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MAY 1947
SURVEY OF
CURRENT
BUSINESS
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
Survey of
CURRENT
BUSINESS
VOLUMB 27, No* 5
MAY
Statutory Functions: "The Bureau of Foreign and Domestic Commerce. •.
to foster, promote, and develop the foreign and domestic commerce of
the United States" [Law creating the Bureau Aug. 239 1912 [37 Stat. 408].\m
Contents
Page
THE BUSINESS SITUATION
Trends in Production of Footwear
Plant and Equipment Survey
..-.
,
EXPANSIONARY FORCE OF INVENTORY OUTLAYS....
1
7
8
9
DEVELOPMENTS IN THE TEXTILE AND APPAREL
INDUSTRIES
14
STATISTICAL DATA:
New or Revised Series
Monthly Business Statistics
Statistical Index
22
S-l to S-40
Inside back cover
Classification of
Statistical Sections
Business indexes
Business population
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Fi nance
Foreign trade
Transportation and communications
Commodity sections:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Leather and products
Lumber and manufactures
Metals and manufactures:
Iron and steel
Nonferrous metals and products
Machinery and apparatus*
Paper and printing
Petroleum and coal products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment.
Canadian statistics
Pag.
S-l
S-3
S-3
S-5
S-6
S-9
S—15
S-20
S-21
S-23
S-25
S-26
S-29
S-30
S—31
S-32
S—33
S-34
S-35
S-37
S-37
S-38
S-40
S-40
II 1 1 OtC—Contents of this publication are not copyrighted and [|
\ may be reprinted freely. Mention of source will be appreciated Jr
Published by the Department of Commerce, W. AVERELL HARRIMAN, Secretary—Office of
Business Economics, AMOS E. TAYLOR, Director. Subscription price, including weekly
statistical supplement, $3 a year; Foreign $4. Single copies, 25 cents. Make remittances
direct to the Superintendent of Documents, United States Government Printing Office,
Washington 25, D. C.
1947
Chart L - WHOLESALE PRICES
(INDEX, 1926 * 100)
THE OVER-ALL INDEX OF WEEKLY
WHOLESALE PRICES EDGED
DOWNWARD IN APRIL — BUT
REMAINED ONE - THIRD ABOVE
A YEAR AGO
175
The
Business Situation
175
ALL COMMODITIES
150
125
125
100
By the
150
100
Office of Business Economics
I
75
1941
I
I
I
I
I
1 9 4 21 9 4 3 1 9 4 4 1 9 4 5 1946
MONTHLY
J
I
J
I
1 I
1
I I ?
A S O N
DATA
THE NATIONAL ECONOMY has steered an even
course in recent weeks with activity continuing
on a high level and with small upward and downward adjustments in particular segments having roughly compensating
effects. Industrial production has moved on a plateau, after an
extended rise which was spurred by the gradual resumption of
large-scale operations in the reconversion industries.
In retail distribution, dollar sales have moved ahead seasonally, though the trends by lines of business have lacked
uniformity. In some of the nondurables—and in some luxury
fields—volume is down, but the volume of durable goods moving
into consumers' hands continues to rise.
Business has added further to inventories, though at a slower
rate than in the latter part of 1946. A recent development has
been the extent of the rise in wholesalers' inventories, which
reflects both earlier price increases and the fact that retailers
are not ordering some commodities to the extent anticipated for
the spring and summer trade.
75
D J F M A
1 9 4 6
1 9 4 7
WEEKLY DATA
WITH FEW EXCEPTIONS, THE
DECLINE WAS LIMITED TO
THESE BROAD AREAS
200
200
175 -
- 175
150 -
- 150
Employment Steady—Wages Advancing
In the labor market, employment has been steady—apart
from seasonal influences—since the late fall of last year.
Agreement on a new wage advance, reached in a number of
major manufacturing industries acting in quick succession,
125 -
100
J J A S O N D J F M A
1946
I
J J A S O N D J F M A
1947
1946
1947
IN MOST OTHER AREAS, PRICES HELD STEADY OR CONTINUED TO ADVANCE.
200
200
HIDES AND LEATHER
175
200
BUtLOtUS
•r 175
175
MATERIALS
200
175
I
-
J50
125
-Ax"
*****
150
1 50
CHEMICALS AND
ALLIED PRODUCTS
-
125
125
TEXTILE PRODUCTS
100
METALS AND
METAL PRODUCTS
150
125
HOUSEFURNISHINGS
100
100
100
***""" "
75
-,,,1 L L1.-1J
J
A
S
1946
O
N
I
i l l
D J F M A
1947
Source: Bureau of Labor Statistics*
741637—47
1
I
75
J
1
I
t
I
} .
t
i
J A S 0 N D J F M A
1947
1946
l
FUEL AND
LIGHTING
MATERIAL
1
1 I I
I
1 1
75
J
J A S 0
1946
1
N D J F M A
1947
'""
~ MISCELLANEOUS
I 1 1 I I
75
J
1
j
I
J A S 0 N D J F
1946
1
M A
1947
47-231
SURVEY OF CURRENT BUSINESS
C h a r t 2.—Consumers' Price Index
INDEX. I935-39«IOO
1 200
HOUSEFURNISHINGS
\
FUEL, ELECTRICITY
AND ICE
1
Data for all items except the total and food, which are monthly for all periods, are for end of quarter through
September 1941 and monthly thereafter.
2
Includes costs of transportation, medical and personal care,[recreation and household operation.
Source of data: Bureau of Labor Statistics.
featured economic developments in
April. These wage increases—approximating 15 cents an hour, including added
compensation for holidays and "fringe"
adjustments, in addition to an advance
in basic wage rates ranging from 11^2 to
12 % cents an hour—were agreed upon
after collective bargaining negotiations
in important segments of the steel, electrical machinery, and automobile industries.
The effect of the wage advances on
pricing policies has not been uniform, although the tendency has been to steer
away from across-the-board increases in
selling prices. Some manufacturers
making settlements have announced
price increases in lines where it was felt
that increased wage costs could not be
absorbed, and where no marketing problem would be created; other firms are
looking to increased economies and reduced margins to absorb the higher
costs.
Voluntary Price Cuts Urged
A second feature of the month was
the highlighting of the proposal for voluntary price reductions. There have
been scattered reports of retailers reducing their mark-ups—the most publicized
plan calls for a 10 percent price reduction—as a temporary measure in order
to test the efficacy of this approach to
the problem of stimulating sales volume.
Up to the end of April, the effect upon
the general price level has been negligible. To be broadly effective, reductions will need to go beyond the retailers—to manufacturers and distributors,
as well as to producers of farm and food
products which bulk so large in consumer expenditures and which have shown
some of the largest relative price
increases.
Wholesale Price Index Edges Downward
Although firmness was still the predominant characteristic on the price
front, the weekly index of wholesale
prices, covering almost 900 series, edged
downward during April as farm and food
prices receded somewhat from the highs
reached in March. (See chart on p. 1.)
For the week ending April 26 the index
was 147 (1926=100), as compared with
149 in the final week of March and 110
at the end of April 1946. Average wholesale prices paid for farm products and
foods declined 3 and 4 percent, respectively, during the month.
Most Prices Hold Steady or Advance
Most of the individual commodity indexes held at earlier highs, or scored new
advances during April. The combined
.May 1947
index of nonfarm nonfood prices continued to push ahead, although at a decidedly slower pace. The rate of advance
averaged 2 percent a month during the
first quarter of 1947, but was less than
one-half of 1 percent during April.
Among the larger increases during the
4-week period ended April 26 were: paper
and pulp, up 5 percent; chemicals, up 4
percent; and household goods, up 2 percent. On the downward side were hides
and skins, down 8 percent, and fats and
oils, down 12 percent.
Consumers' Prices at March Peak
The consumers' price index rose 2 percent from February to March, with all
major categories sharing in the increase.
(See chart 2.) The renewed rise brought
the index to 156 (1935-39=100) which
exceeded the post-World War I peak by
5 percent and was 17 percent above the
price average for June 1946.
The first quarter advances, as well as
the increases since last June, are summarized in the following table of percentage increases:
June 1946- December
March 1947 1946-March
1947
All items _ ... .__ . . __
Food
Clothing
Rent .Fuel, electricity, and ice_Housefurnishings
—
Miscellaneous
17.3
30.2
17.2
.5
6.4
16.8
8.1
2.0
1.9
4.4
.2
1.8
2.9
1.5
Source* Computed from Bureau of Labor Statistics
data.
Virtual Stability in Income Payments
Income payments to individuals have
remained virtually unchanged since the
start of the year, after allowing for normal seasonal influences. At an annual
rate of 177 billion dollars for the third
successive month, these payments in
March were about 20 billion dollars, or
13 percent, higher than payments a year
ago.
The major components of the income
flow are illustrated in chart 3. Farm
income, which in 1946 underwent one
of the largest relative gains of the major components, was about 7 percent below the year-end level by March 1947,
on a seasonally adjusted basis. Whereas
rising farm prices was the principal factor in the 1946 farm income rise, somewhat lower farm marketings of both
crops and livestock explain the fluctuation in farm income so far in 1947. Despite the small reduction in the latest
months, farm income in March was more
than one-fourth above a year ago.
Nonagricultural income increased further during the first quarter of 1947.
While small percentage-wise, these gains
SUEVEY OF CUEKENT BUSINESS
May 1947
were almost sufficient to offset the lower
farm income. As shown in the chart,
chief buoyant factor has been the increased pay in manufacturing industries.
Since recent employment trends have in
the main moved according to seasonal
patterns, and hours of work have shown
little variation, increased wage rates account for the recent increases in wage income earned in both durable and nondurable goods industries.
Table 1.—Gross National Product or Expenditures, National Income, and Income
Payments to Individuals *
[Seasonally adjusted quarterly totals at annual rates]
1945
1946
1947
item
C h a r t 3.—Income P a y m e n t s to
Individuals, by Selected C o m ponents
BILLIONS OF DOLLARS
12.0
20
PAYMENTS BY TRADE 2/
I
i
1
2
Includes items not shown separately in chart.
Includes Government's contribution to family allowances paid to dependents of enlisted personnel.
3 Represents terminal leave pay, mustering-out payments, redemption of adjusted service bonds (bonus to
World War I veterans), and veterans' pensions, compensation, and readjustment allowances.
* Data represent pay rolls and net income of proprietors.
5
Includes net income of farm operators (adjusted for
changes in inventories of crops and livestock), farm
wages, net rents, and dividend and interest payments.
Source of data: Office of Business Economics.
II
III
IV
I
205.1
183.7
190.2
196.6
204.7
209.0
96.5
3.6
105. 0
39.6
23.1
121.0
36.7
31.4
122.1
31.3
35.7
129.6
30.8
37.9
136.0
31.5
39.0
138.5
National income
The current position of the economy
can best be appraised within the framework provided by the gross national
product computations. These computations relate to the aggregate value of
currently produced goods and services
flowing to consumers for final consumption, to businesses for capital formation,
and to Federal, State, and local govern-
I
167. 6
152.9
158.5
169.4
177.5
180.5
Total income payments to individuals
Gross National Product
I
163.7
156.7
160.6
167.8
173.4
176.9
115.1
26.3
11.4
4.6
5.9
.6
98.8
27.6
12.5
4.7
12.6
.5
103.0
28.0
12.7
4.9
11.4
.5
108.0
30.7
13.3
5.1
10.2
.5
109.5
34.9
13.4
5.3
9.7
.6
112.1
34.7
13.4
5.7
10.3
.6
Gross national product or expenditure
Government expenditures for goods and services
Private gross cpaital formation
Consumers' expenditures.
Wages and salaries.-Entrepreneurial income
Interest and net rents
Dividends
_
Transfer payments 2
Miscellaneous income payments
-
3
i Detail will not necessarily add to total because of rounding.
* Includes social insurance payments, veterans' benefits, mustering out pay, Government contributions to dependents of PIIlisted personnel.
3 Includes military retirement, private pensions, and compensation for injuries.
Source: Office of Business Economics.
ments for the performance of public
services. Summary estimates for gross
national product and also for national
income and income payments are presented in table 1.
War Peak Reattained in Dollar Value
Preliminary data, illustrated in chart
4, indicate that the first quarter 1947
gross national product, on a seasonally
adjusted annual rate basis, aggregated
209 billion dollars, reattaining the wartime peak reached in the second quarter
of 1945. This represents a gain in the
dollar total as compared with the fourth
quarter of 1946, but prices were higher.
In real terms there was apparently
little increase in the volume of output,
though with the major characteristic of
, the economic situation so far during 1947
being the shifting composition of the
product, it is not possible to speak with
precision concerning the q u a r t e r l y
change in the aggregate volume of output. We have had readjustments to
changed markets as consumers shifted
their views as to the most effective use
of available purchasing power and producers shifted their output to the types
and qualities of goods preferred.
These readjustments have not been
confined to consumer purchasing. Evidence that capital expenditures under
the prevailing cost structures have, at
least for a time, lost some of the urgency
which featured the reconversion period
is apparent in the current statistics.
This is reflected in the leveling off of
capital expenditures by business, as well
as the loss of momentum in the residential housing field, which has been the
subject of wide comment. Here again,
however, the picture is not uniform, for
in the public utility field and commercial
construction the trend is still upward,
and in the residential field the geographical picture reflects a varied
situation.
Slackening Gains in Capital Formation
In the year following VJ-day, the expansion in total private gross capital formation and in consumer outlays was
about the same in amount, though in
percentage terms the former was much
larger. In contrast, during the last two
quarters, increased consumer outlays
have accounted for by far the larger part
of the expansion in the gross product
flow.
By the first quarter of 1947, private
gross capital formation showed signs of
leveling off, with net exports of goods
and services constituting the only major
area undergoing further expansion.
Changed Prospects for Construction
In the early reconversion period, the
construction component of capital formation advanced sharply from war restricted levels. This is illustrated in
chart 5. In the latter part of 1946, however, gains in total activity were limited
by low stocks of building materials. With
the steady improvement of supplies, it
had been expected that a sharp steppingup of building activity was in the offing
for 1947.
After the usual cold weather lull, 1947
building started to rise, but the rate of
advance has been slower than expected.
The value of new construction put in
place in April, estimated at 846 million
dollars, was only 20 percent above the
figure for April 1946. Thus, the steady
narrowing of year-to-year gains—from
69 percent in January to 46 percent in
SUEVEY OF CUEEENT BUSINESS
Chart 4.—Gross National Product, by Major Components 1
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
250
250
QUARTERLY TOTALS, SEASONALLY ADJUSTED,
AT ANNUAL RATE
ANNUAL TOTALS
200
200
GOVERNMENT EXPENDITURES
(GOODS AND SERVICES)
'A
150
150
100
SOO
CONSUMER EXPENDITURES
(GOODS AND SERVICES)
50
J
1939
1940
1941
1942
1943 19441st 2d 3d
^—1945-
2d
3d 4th
_I946—*-
I
2d
3d
4th
a D. 46-450
i Data for first quarter of 1947 are preliminary estimates.
Source of data: Office of Business Economics.
February and 31 percent in March—has
continued. All types of private construction have advanced less than seasonally
so far this year, or have continued to
decline. Public construction, on the
other hand, has moved ahead at a good
pace.
On the basis of the rate of activity
in the first four months of the year, the
value of new construction in 1947 will,
it is now estimated, range between 12
and 13 billion dollars. This is a 20-30
percent increase over 1946 dollar volume
but is substantially less than estimates
based on the outlook in December of last
year. Expectations for new private residential building (excluding farm) have
been modified downward relatively more
than have those for private nonresidential construction.
Fewer Residential Starts Than in 1946
According to present estimates, 137,100 residential units, almost all privately
financed, were started during the first
quarter of 1947, as compared with a total
of 160,600 units started in the same period last year, of which 139,000 were
privately financed. (See chart 6.) The
number of March starts this year was
28 percent higher than in February,
whereas recent past experience suggests
that the usual seasonal acceleration between these two dates runs at a much
higher rate.
The lack of momentum behind housing starts is a strong indication that the
objective of a million new permanent
homes to be started in 1947 is not likely
to be reached. While the number of
starts in the first 3 months of this year
was less than in the first quarter of
1946, it is still expected that between
700,000 and 800,000 new permanent units
will be started this year as compared
with approximately 670,000 in 1946.
Completions during the first quarter
were almost three times the volume of
completions in the similar period last
year. This is in part a reflection of the
large number of uncompleted structures
carried over from last year and in part
a result of the shortening of the time
period required for construction due
chiefly to the increased supplies of available materials. Between 720,000 and
770,000 permanent-type units are expected to be completed this year compared to 454,000 units completed in 1946.
May 1947
survey of newspaper advertising in 100
metropolitan areas which was conducted
by the National Housing Administration
show that the median price for existing
1-family dwelling units in practically
every region of the United States are
currently (March) below the peak asking
price which was attained in September,
October, and November of last year.
It seems to be true, also, that new
houses offered for sale are not selling so
easily or so rapidly as they did last year.
Nevertheless, prices for new residences
continue firm and there is no evidence
that builders are carrying completed
houses for a period of 60 to 120 days as
was considered normal even in boom
times prior to 1946.
Some reductions in costs of newly constructed houses should now be possible as
a result of savings due to the enlarged
flow of materials and the increased operating efficiency on the job resulting for
this and other reasons, and through reduction of the contingency allowance
commonly included by contractors in
their estimates. Economies made possible by these means,^as well as the profits
margins available in the strong sellers'
market of recent years, are obviously being weighed now by prospective buyers
who have to be concerned with the longrun value of their purchases.
Slowdown in Nonresidential Contracts
In the nonresidential field, contract
awards did not gain in comparison with
C h a r t 5.—New Construction
Activity
MILLIONS OF DOLLARS
I.2OO
O
I I I I I I l I l I
I 1 I I 1 I I
400
RESIDENTIAL^
(PUBLIC ANO PlilVATE)'^^.
\ \
•
\
i
V7
/'•^-\
W
//
Prices a Deterrent
Reports are current that many builders are reducing the scope of their plans
for home building operations in 1947 due
to high construction costs and to a slowdown in sales of new houses now on the
market. Building materials prices are
up almost 30 percent since the removal of
OPA controls on November 9, 1946, and
labor costs have also risen.
Prices of existing houses have in many
cases stopped increasing or are decreasing at a very slow rate. The results of a
t
AJ
\\ /
ALL OTHER Ji
INDUSTRIAL AND
COMMERCIAL — ^
/
\
\j.'
X/
Ol I I I I I I I I I I I I I
Sources of data: Joint estimates of Office of Domestii
Commerce and Bureau of Labor Statistics.
May 1947
SURVEY OF CURRENT BUSINESS
Chart 6.—New Urban and Rural Nonfarm Family Dwelling Units Started,
by Source of Funds l
THOUSANDS OF UNITS
100
PUBLICLY
80
FINANCED
PRIVATELY FINANCED
60
total apparel sales was not up to the
March level a year ago, though dollar
totals were up 5 percent.
Although sales at food stores still lead
the nondurables group in gains over the
previous year, March sales were not
much changed from January and February, after seasonal correction. Retail
food prices advanced 3 percent during
the January-March period.
March marked the first time in well
over a year that sales at durable goods
stores did not better the usual seasonal
performance. This resulted largely from
a decline from February to March in the
building materials and hardware group.
40
Manufacturing Activity
Data for March 1947 are preliminary
Source of data: Bureau of Labor Statistics.
the final quarter of last year and showed
a drop in comparison with the first 3
months of 1946. Contract awards for
nonresidential construction (including
public works and utilities) in 37 States
covered by the P. W. Dodge Corp. reports
indicate no change in the over-all total
and a slight drop in the private sector
compared to awards in the last 3
months of 1946 and decreases of 11 and
31 percent for the total and the private
sector, respectively, in comparison with
the first quarter of last year.
The comparison with the first quarter
a year ago is influenced by the sharp rise
prior to the application of Government
restrictions on nonresidential construction in March 1946. But the absence of
any increase over the fourth quarter is
more significant in view of the permitted
increase in authorized nonresidential
construction from 35 million dollars
weekly in the last quarter of 1946 to 50
million dollars in the first quarter of 1947
and of the substantial rise in indexes of
construction costs since price decontrol
early in November.
Other Business Outlays
Other important components of capital
formation—business expenditures for
equipment and inventories—are covered
in subsequent sections of this issue.
While these outlays are continuing as a
bolstering influence, the tempo in each
instance has altered so far in 1947.
Consumer Spending
With private capital formation showing only a moderate increase since the
third quarter of 1946 and with comparable stability in the Government sector,
practically all of the rise in the gross national product is traceable to expanded
outlays by consumers. Total consumer
spending in the first quarter of 1947 was
at a seasonally adjusted annual rate of
about 138 billion dollars. The rate was
130 billion in the third quarter of last
year and 121 billion in the first quarter
a year ago. Higher prices, of course,
have been a factor in the increase in the
dollar totals.
The total value of manufacturers'
shipments for March reached 13.9 billion
dollars, 1 billion dollars over the February volume. However, the rise was
due entirely to the difference in the number of working days in the 2 months.
On a daily-average basis the value of
shipments was slightly lower.
The small decline was centered in the
nondurable goods industries, with the reduction scattered throughout the group.
The value of inventories in these industries remain substantially unchanged
over the month.
The durable goods industries bettered
the February rate of shipments. At the
same time, the book value of inventories
held by this group increased 300 million
dollars, bringing the inventory rise for
the quarter to almost 900 million dollars.
Chart 7.—Construction Contracts
Awarded for
Nonresidential
Building, by Source of Funds 1
MILLIONS OF DOLLARS
600
PUBLIC
1
Retail Sale Volume Unchanged
The dollar volume of retail trade
showed very small month-to-month
changes within the quarter just ended,
after allowance for seasonal changes, although prices were somewhat higher at
the close of the quarter and retailers
were offering more complete lines of merchandise.
For several months it has been apparent that the so-called luxury lines
have been adversely affected by the
higher cost of basic living necessities.
"Eating out" and jewelry sales have been
running below comparable periods of last
year. Women's apparel sales afforded
another example of lower sales volume.
When adjustment is made for the earlier
date of Easter this year, the index of
H
PRIVATE
ill
400
200
I
•1
1
0
I star
2d Qr
1
11
3d Qr
4th Qr.
IstQr.
1946
1947 47-eso
1
Includes utilities and public works constructionData are for 37 States.
Source of data: F. W. Dodge Corporation.
SURVEY OF CURRENT BUSINESS
6
Chart 8.—Output of Consumers' Durable Goods
THOUSANDS OF UNITS
400
8,000
PASSENGER
AUTOMOBILES
2.000
PASSENGER
CAR TIRES
WT 01M01riVE REPLA CEK
AEN T BATTERIIES
300
6,000
200
4,000
1,000 -
100
2,000
_
1,500 -
500 -
0
400
>
0
400
REFRIGERATORS
(ELECTRIC)
300
too
_
S
0
80
RADIOS
-
VACUUM
CLEANER S
-
300 -
—
200 -
1941
.1941
/
n
-
100 --
0
2pOO
WASHINC
MACHINE:s
200 -
-
0
400
300 -
200
1941^
rn
100 -
-
0
80
RANGES
(ELECTRIC)
— -
60 -
60
,94
40
1,000 -
500-
-
20 -
0
0
400
40 -
20
COOKING STOVES
0
800
400
HEATING STOVES
WATER HEATERS
(NONELECTRIC)
(NONELECTRIC)
(NONELECTRIC) ^
600
300
400
200
200
300
/
!00
oLL
— )946
*•—
- 1946
1947
— - 1947
1
Data represent production for tires, batteries, automobiles (except base period figures), sewing machines, cooking
and heating stoves; shipments for washing machines and water heaters; and factory sales for refrigerators, vacuum cleaners, ranges, and for base period for automobiles. Data for first quarter of 1947 include estimates for March for all items
except automobiles, refrigerators, radios, and ranges.
Sources: Bureau of the Census for base period for automobiles and for sewing machines, ranges, water heaters and cooking and heating stoves, except that for the last three the base period data are from War Production Board product
reports; Civilian Production Administration for automobiles except for base period. Data for tires are from Rubber
Manufacturers Association; for batteries, Association of American Battery Manufacturers; for washing machines,
American Washer and Ironer Manufacturers' Association; for radios, Radio Manufacturers Association; for refrigerators,
National Electrical Manufacturers Association; and for vacuum cleaners, Vacuum Cleaner Manufacturers' Association.
Estimates for March 1947 were made by Office of Business Economics.
This represented an increased rate of
accumulation for the heavy goods industries than during the second half of last
year. In contrast, the rate of inventory
accumulation in nondurable goods manufacturing has been much lower this
year.
Some Durables Still Below Prewar Rate
The flow of output from the reconverted consumer durable goods industries continued upward in the first
quarter of 1947. In some household appliance lines the monthly gains were
May 1947
less pronounced than in the previous
quarter and in a few cases moderate declines from peak levels occurred. Supply
difficulties were still being encountered.
The trends are illustrated in chart 8
which also gives a comparison with the
prewar rate of output for 12 important
consumer products. It will be seen that
4 of the commodities shown—passenger
automobiles, refrigerators, sewing machines, and cooking stoves—did not
reach the prewar rate in the quarter just
ended. Seven of the commodities evperienced an uninterrupted production
rise since early 1946 while in the other 5
the trend has been somewhat uneven.
As a result of a change in the reporting
source, the monthly production totals
for refrigerators, washing machines,
vacuum cleaners, electric ranges and radios differ from the totals previously
used in charts and tables presented in
the SURVEY. The data in the chart are
collected by the various trade associations concerned and are now used in the
place of series formerly made available
by the Civilian Production Administration and the Bureau of the Census. The
latter series were discontinued after September 1946. The coverage of the series
shown for the above products is substantially complete for washing machines
and vacuum cleaners but not complete,
and at times not entirely consistent, for
refrigerators, electric ranges and radios.
Despite the deficiencies in the latter
cases, the series are believed to be truly
representative of production trends.
The prewar output rates shown in the
chart are generally comparable with the
recent data and represent on the whole
a year of relatively high production by
prewar standards.
Manufacturers' output of washing machines, vacuum cleaners, cooking stoves
and water heaters moved forward to record levels this year while the reconversion uptrend of production of refrigerators, radios and heating stoves was interrupted in the first quarter of 1947, the
reduction in stoves largely reflecting seasonal factors. Although the total number of radios declined in the latest quarterly period, output of console models
rose by one-fourth and the number of
television receivers manufactured was
doubled.
Passenger Cars Top '41 Rate in April
Assemblies of passenger cars continued
the upward postwar trend but the rate
of increase for the latest quarter was
the lowest since production was resumed
in 1945. Model changes for a few makes
of cars, general plant closings for inventory purposes in January, and continued supply difficulties held down production to a monthly average of 273,000
SURVEY OF CURRENT BUSINESS
May 1947
in the first quarter of 1947, as compared
with a monthly average of 270,000 units
in the preceding 3 months. Output of
303,000 cars in March, however, was only
3 percent below the 1941 volume and, on
the basis of preliminary information,
output in April exceeded that prewar
level for the first time since peacetime
production was resumed. It should also
be noted that truck production has been
exceeding prewar rates by a wide margin
for many months.
Output of passenger car tires in the
first quarter of 1947 was at an annual
rate of 80 million tires, an all-time high
and about 60 percent above the prewar
rate. As a result many tire dealers have
instituted sales promotions. An improvement in the supply of lead resulted in a
sizable production gain in automotive replacement batteries in the JanuaryMarch period.
Table 2.—Sales of Retail Stores
{Seasonally adjusted indexes, 1935-39=100]
1946
1947
Kind of business
First
Percent change
First
quarter
Fourth
quarter
first
quarter
1947
flrst
quarter
1947
1946-
1946-
quarter
Second
quarter
Third
quarter
240.8
170.5
263.8
237.3
185.7
254.1
255.1
212.4
269.0
267. 8
228.8
280.5
278.2
245.6
288.8
15.5
44.0
9.5
3.9
7.3
3.0
88.6
255.8
257.9
412.1
119.8
238.3
273.4
415.2
148.8
256.7
310.9
416.4
170.8
262.2
334.3
387.2
180.9
303.0
339.1
389.8
104.2
18.5
31.5
-5.4
5.9
15.6
1.4
.7
309.3
242.2
411.9
247.7
161.6
222.3
294. 5
281.3
248.2
390.3
244.5
141.0
225. 8
271.9
307.5
241.6
388. 4
262.0
144 9
242.8
296.9
289.8
258.1
408.4
289.9
162.3
237.6
307.1
306.9
255.4
406.4
300.8
167.6
243.1
321.0
-.8
5.5
5.9
-1.1
-.5
3.8
3.3
2.3
4.5
All retail stores
_
Durable goods stores
Nondurable goods stores
Durable goods stores:
Automotive group
Building materials and hardware
Housefurnishings group
_
Jewelry stores
Nondurable goods stores:
Apparel group
Drug stores
Eating and drinking places
_.
Food group
_.
Filling stations—.
General merchandise group
Other retail stores
Fourth
quarter
First
quarter
-1.3
214
3.7
9.4
9.0
Source: Office of Business Economics.
Trends in Production of Footwear
The shoe industry constitutes one of
the few segments in manufacturing
where output has declined from peak
postwar levels. A somewhat similar development in ladies' apparel manufacturing is discussed in a special article
in this issue.
Approximately 144 million pairs of
shoes were manufactured during the
second quarter of 1946. By the first
quarter of 1947, output had declined to
about 120 million pairs—a reduction of
17 percent.
To some extent, however, it is misleading to measure the decline in terms
of numbers of pairs without any allowance for the types of shoes manufactured. The total number of leather
shoes produced in the initial quarter of
1947 was practically the same as in the
second quarter of last year. Thus, the
decline was centered in nonleather
types—in fabric and part-fabric shoes
and in slippers and moccasins. In general, these types of footwear have less
utility than the standard leather types
and are simpler to manufacture. As
noted at a later point, there has not
been a corresponding decline in employment in the boot and shoe industry.
subsequently, uncertainty over price
control disrupted the flow of hides and
skins to tanners, with the result that
shoe manufacturers curtailed their operations. These difficulties were overcome
in late 1946, permitting a recovery in
leather shoe output.
Production of about 16 million pairs
of nonleather types in the first quarter
was less than one-half as large as in the
second quarter of last year and about
two-fifths as large as in the third of
1945, when leather shoe production was
at a low. This reduction in nonleather
footwear output reflects the shift to
leather types, now that they are more
generally available, as well as an apparent lag in consumer buying of nonleather types. It is significant that the
dollar value of retail sales of shoe stores,
after adjustment for seasonal variation,
has been running consistently below the
peak reached in the first quarter of 1946,
notwithstanding the substantial rise in
selling prices. The need to rebuild inventories, however, was a bolstering influence on production over the past year.
C h a r t 9.—Production of Leather
a n d Leather Shoes
Improvement in Leather Supply
NDE> , 1939 « 100
140
LEATHER
1 20
-
r\
/
/
100
_ .-7
\
i
\
SHOES^
80
J
\
Factors in Downtrend
Leather shoe production was lower in
the second half of last year than in the
first half due to inadequate supplies of
leather. It will be recalled that price
ceilings on meats and livestock and,
^
w
60
1
1939 40
1
I
41
1
42
1
43
1
44
1st QUARTER
ESTIMATED
1
45
1
46
47
47-222
Source of data: Indexes of Board of Governors of the
Federal Reserve System recomputed to 1939 base by
Office of Business Economics.
The end of the war brought an immediate increase in the supply of leather
available for civilian use. The total
leather supply, on the other hand, was
lower in 1946 than at any time since 1940.
There has been a marked improvement
so far this year, although the rate of
production continues below 1941 and
1942 when imported hides were much
more important in sustaining total
leather output. Following the removal
of price ceilings on hides and skins last
October, imports expanded markedly.
Monthly imports of hides and skins were
twice as large in the final quarter of 1946
as in the first 9 months of the year.
The contrasting trends in leather output and in the production of leather
shoes, including all military-type and
civilian-type shoes with leather uppers,
since 1939 are strikingly illustrated in
chart 9. The two production indices are
SUEVEY OF CURRENT BUSINESS
8
plotted so as to highlight the wide spread
in the war years and the rapid closing of
the gap since VJ-day.
The wartime divergence between
leather tanning and shoe production reflects the considerably higher unit consumption of leather in military shoes
than in civilian shoes. It is estimated
that the actual leather consumed in the
production of military shoes which numbered close to 150 million pairs in the
last 3 years of the war was sufficient for
the manufacture of almost 450 million
civilian pairs. By reason of the virtual
termination of military shoe production,
the prewar relationship of tanning to
leather shoe production was restored in
1946.
May 1947
Chart 10.—Production of Footwear Other Than Rubber1
MILLIONS OF PAIRS
150
MILLIONS OF PAIRS
QUARTERLY
AVERAGES
150
QUARTERLY
TOTALS
125
125
100
100
75
50
25
Restoration of Prewar Pattern
The wartime divergencies in shoe production trends were quickly reversed
after VJ-day. These trends are illustrated in chart 10 which separates total
footwear production into civilian-type
leather shoes, military-type leather
shoes, and all other types. Output of
leather shoes for civilians expanded rapidly after the military cut-backs became
effective. At the same time there was a
marked contraction in nonleather footwear which for the most part was rationfree during the war and, therefore,
gained wide use as substitutes for rationed types.
As a result of these postwar adjustments, the proportion of leather shoes to
total footwear increased from a wartime
low of about 60 to 86 percent in the first
quarter of this year. The ratio was 83
percent in 1941.
The trend in total footwear production
after VJ-day was upward through the
second quarter of 1946. As already
1939
41
42
43
4 4 1st 2d
3d 4th
1st 2d
1946
3d 4th 1st
2d
*~«
1947
3d 4*h
47-236
1
Very small amounts produced for Government use in 1939, 1940, and the first quarter of 1947 are included in production for civilian use.
Sources: Bureau of the Census, except that first quarter of 1947 includes estimates for March made by Office of
Business Economics.
noted, the sharp curtailment in nonleather types reversed the trend in total
footwear output in the succeeding quarterly periods, the decline between the
fourth and the first quarters being a
counter-seasonal movement. Nevertheless, the first quarter 1947 rate of output
for all types was about as high as the
prewar peak in 1941.
Larger Employment in Shoe Plants
Employment has increased in the boot
and shoe industry since the end of the
war. From a low of 168,000 in the third
quarter of 1945, the number of production workers rose rather steadily to about
196,000 in March of this year, a rise of
about 17 percent. Because of a shortened workweek, the gain in man-hours
was only 15 percent. Although total
footwear production increased by a
smaller amount between these same
dates, the marked shift to leather shoes
has required additional manpower.
Most of the lower grades making up the
nonleather types utilize less manpower
per unit of output.
Plant and Equipment Survey
Nearly 14 billion dollars will be spent
for new plant and equipment by American business, exclusive of agriculture,
during 1947, according to the latest survey. If these anticipated expenditures
eventuate, the annual total will be 15
percent above similar outlays by industry in 1946, when expenditures for new
plant and machinery reached 12 billion
dollars, and more than double the
amount spent in 1945. The planned expenditures for 1947 are about 70 percent
more than the amount actually expended
in 1941, the immediate prewar peak.
Adjustments for price increases would
tend to narrow this large gain from 1941
and perhaps reduce the anticipated volume for 1947 to somewhat less than the
1946 figure.
The data summarized in table 3 were
collected during the first quarter of 1947.
This was the first time since the quarterly survey of plant and equipment outlays was undertaken by the Department
of Commerce and the Securities and Exchange Commission, that reports were
obtained showing anticipated expenditures for the full calendar year as well
as for the coming quarterly period.
It is estimated that machinery and
equipment of all kinds represented about
two-thirds of the 12-billion-dollar plant
and equipment total for 1946 and about
the same relative proportion is indicated
at least through the first half of 1947. An
additional expenditure, roughly estimated at about 1.5 billion dollars, was
made by industry in acquisition of used
plant and equipment in 1946. Indications are that purchases of used industrial plant and equipment will be sharply
reduced this year.
Planned Outlays Level Off
Although a steady increase in expenditures on new plant and equipment has
been noted since early 1945, a peak seems
(Continued on p. 21)
May 1947
SURVEY OF CURRENT BUSINESS
Expansionary Force of Inventory
Outlays
By S. Morris Livingston
AN ARTICLE in the October SURVEY
while dealing primarily with manufacturers' inventories, assayed the total inventory
situation 7 months ago.1 The purpose of
this article is to review the concepts and
methods of measurement of inventory
changes and to extend the analysis to
date.
The basic questions have to do with
(a) the postwar rate of inventory accumulation and its significance; and (£>)
the current level of inventories in relation to current and near-term requirements. Failure to distinguish between
those two questions can lead to confusion and to apparent contradiction
where no real disagreement exists. If
one concludes, for example, that inventories are not yet adequate or excessive,
this conclusion in no way minimizes the
importance of recent additions as a temporary and volatile source of demand.
XTL OF CURRENT BUSINESS,
Postwar Inventory Developments
As a background for evaluation of the
current situation, inventory developments of the last 2 years can be summarized very briefly. The motives for
inventory accumulation during the reconversion period were about as strong
as they have ever been. These motives
flowed from such influences as (a) the
necessity of building up working inventories in order to resume and expand
output of peacetime goods and to more
nearly meet the convenience of buyers
and consumers, (£>) doubts about the
availability of goods as needed and
hence the desire to accumulate a reserve
against the contingency of a halting or
inadequate flow of those goods, and (c)
the anticipation of higher prices.
In general, however, businessmen were
not able to build up their inventories as
1
Wilson, D. Stevens, P o s t w a r Role of B u s i ness I n v e n t o r i e s , SURVEY, October 1946.
NOTE.—Mr. L i v i n g s t o n is Chief of t h e N a t i o n a l E c o n o m i c s Division, Office of Business
Economics.
741637—47 2
Summary
About 10 billion dollars has been
added to the book value of business
inventories in the last 9 months
This increase reflected changes in
price as well as the increase in
physical quantities.
While inventories in some instances are more than adequate,
in the aggregate they are still low
rather than high relative to the
current volume of business. Any
remaining deficiency, however, is
much less urgent than a few
months ago. The expansionary
force of further accumulation is
likely to be of diminishing importance.
fast as they would have liked. They
could not obtain all that they needed,
and a strong customer demand in turn
took many goods off their hands almost
as fast as they became available for sale.
During the last half of 1945 the accumulation of civilian goods was largely
offset by the liquidation of business inventories of war goods in the settlement
of war contracts. In the first half of
1946 there was some net increase in business investment in inventories but it was
in the last half of the year that this increase assumed large proportions.
By the end of 1946 there was increasing evidence of a more cautious buying
policy. Up until the year end, however,
this change in policy was mainly reflected
in the shortening of forward commitments.
In the early months of 1947 retailers in
particular have made efforts to liquidate
inventories of poor quality or excessively
priced merchandise. In the aggregate,
inventory accumulation has continued,
although at a lower rate.
Source of Current Data
The actual measurement of current inventory changes is derived from reports
by manufacturers, wholesalers and re-«
tailers to the Department of Commerce,
plus estimates for public utility and service industries, construction, mining and
farming. Manufacturing inventories, on
which the best information is available,
account for a little over half of total business inventories, excluding those held on
farms. Wholesale and retail trades are
almost two-fifths. The types of business
for which there are no monthly reports
have less than one-tenth of the nonagricultural inventories. This distribution is
indicated in chart 1.
The reliability and representativeness
of the reporting samples were discussed
in the October article. The estimates
derived from these samples provide a
reasonably satisfactory measure of the
value of changes in business inventories.
During 1946 the book value of manufacturers' inventories increased by about
4 billion dollars to a total of 20 billion.
Inventories in wholesale and retail trade
increased by about 5 billion to a yearend total of 15 billion. Additions by
other types of businesses brought the
total increase for the year 1946 to around
10 billion.
The physical additions to inventories
accelerated as production difficulties
were overcome and as it became possible
to obtain the needed goods. The increases in book values which reflected
rising costs also accelerated as price controls were removed. In the last half of
1945 the net increase in book value of
business inventories, after deducting the
liquidation of business inventories of war
goods, was at a seasonally adjusted annual rate of less than 1 billion dollars.
In the first half of 1946 the annual rate
was about 5 billion. In the second half
of the year it was roughly 15 billion.
Apparently the peak rate of increase
in the book value of inventories was
10
reached in the last half of 1946. Since
then the physical accumulation in some
categories has ceased and the effect of
rising costs on book values has been less
pronounced. Incomplete data indicate
that the further increase in business inventories in the first quarter of 1947 was
about two-thirds of the annual rate in
the previous six months.
Basis of Valuation
Inventories are necessarily reported at
book value. Part of the increase reflected a rise in the physical stocks of
goods held by business and part reflected
the higher book value of the same physical quantities because of rising costs.
The adjustment of book value of inventories to show changes in physical
volume involves practical difficulties
stemming from (a) the inadequacy of
price indices as a measure of actual
prices paid and costs incurred, (b) the
uncertain time interval necessary to receive and use up inventories acquired at
earlier prices, and (c) accounting practices which reflect price changes only in
part and to an uncertain extent.
In view of these difficulties there is
necessarily the possibility of a substantial error in the adjustment. As nearly
as can be determined, however, a little
less than half of the increase in the first
half and about half of the increase in the
second half of 1946 were due to rising
costs.2 The balance was the increase in
physical volume expressed at average
prices during the period.
SUKVEY OF CUEEENT BUSINESS
in the economy. Furthermore, it has
been part of a complex interrelationship
of cause and effect. The need to increase
physical stocks has been made more
urgent by the strength of the demand
in the other markets. Price increases
stemming in part from other causes have
required the additional outlays which
were reflected in inventory holding.
There will be the same interrelationship of cause and effect when recent
expansionary tendencies are reversed.
The ultimate end to inventory accumulation is likely to coincide with weaknesses elsewhere in the economy. The
C h a r t 1.—Distribution of Business
Inventories, December 31,1946 *
BILLIONS OF DOLLARS
40
10
—
The Role of Inventory Changes
The need to add to the physical quantity of goods in the production and distribution pipe line was an important
source of the demand which has exerted
an upward pressure on production and
prices since the end of the war. As
prices moved up the cost of these accretions moved higher with them.
But the current flow of income, including profits as measured by business,
included that part of the increase which
reflected amounts actually paid out to
maintain the same physical stocks at
higher costs—as well as the outlay to add
to those stocks. The cumulative effect of
these outlays is similar to that of other
types of capital formation, such as outlays for construction or producers equipment.
This increase has, of course, been only
one of the factors making for expansion
2
While this is called an "inventory revaluation adjustment" it does not imply that book
values have been marked up above the original cost of acquisition. Such is not the case,
since standard accounting practice usually
precludes any upward revaluation in this
sense.
* Retailers' inventories are revised series which will be
published when revisions are complete.
Source of data: U. S. Department of Commerce.
same motivations which will ultimately
call a halt to inventory accumulation
will also tend to make people more cautious about ordering construction and
producers equipment or buying consumers goods. Furthermore, the end of inventory accumulation will by itself
reduce to that extent the total demand
for goods and thereby encourage the
hope that delay will put the buyer in a
stronger position.
Without attempting to isolate ultimate
causative factors of change, however,
the conclusion seems inescapable that
the recent high dollar value of national
output, and the incomes earned in its
production, have been partly dependent
upon inventory accumulation. Hence
the importance of the second basic question.
May 1947
Are Inventories Too High?
Measuring the adequacy of current
inventories in terms of historical relationships between inventories and production or sales is of value, but careful
appraisal is necessary and caution in
drawing conclusions is desirable.
Comparisons with immediate prewar
years do not always raise squarely the
question whether inventories were more
or less than adequate in those years.
Any attempt to use the data over a longer
period runs into the problem of evaluating the inventory cycle, as well as the
limited quantity of long-term statistics.
If inventories are no higher, relative to
sales, than at the peak of the last inventory cycle, that does not prove they are
not too high.
There is also the problem of secular
trends. There are indications in the
prewar data of a tendency toward more
rapid inventory turnover, but there is
little justification for any precise statistical projection of that trend into the
postwar period. In addition, there are
such imponderables as the limited physical facilities to store or display greatly
expanded inventories, and the influence
of wartime experience on the rate of
turn-over considered normal or desirable.
Increases over prewar levels of both
inventories and sales are, as we have
noted, compounded of changes in both
prices and physical quantities. Insofar as
prices are a factor, a higher volume of
business would require roughly the same
percentage increase in inventories. On
the other hand, an increase in physical
volume of output generally requires a less
than proportionate increase in inventories. Any attempt to calculate the latter ratio on the basis of prewar experience immediately runs into the difficulty
of making any reasonably accurate adjustment for price changes.
These and other problems encountered
in interpreting the historical data are
overshadowed by the practical consideration that the "adequacy" of business
inventories is not determined by any
mathematical calculation. It depends on
such considerations, difficult to evaluate,
as management's appraisal of the outlook, on the anticipated volume of sales,
on the assurance or lack of assurance
that additional goods are obtainable on
short notice if necessary, on the possibility of a rise or drop in prices.
Necessarily, in view of the importance
of these subjective attitudes—as well as
the limitations of the data—any conclusions as to the adequacy of business
inventories must be stated within rather
broad limits. Comparison of inventorysales relationships does, however, shed
some light on the current situation.
SUEVET OF CUKRENT BUSINESS
May 1947
Manufacturers' Purchased Materials
5
As indicated in chart 2, manufacturers
inventories of purchased materials typically have been equal to one-half of
monthly shipments plus a margin of between 1V2 and 2 billion dollars in prewar
prices. At today's prices that margin
would have a value of well over 2 billion
dollars.
Deviations from this relationship can
be explained in part by the limitations
of the data and by the fact that shipments and inventories are not necessarily affected simultaneously and to the
same extent by price changes. Much
more important, however, is the fact that
inventories of purchased materials are
related to the anticipated as well as the
current volume of production. Those
anticipations may be more or less than
the level subsequently achieved. Furthermore, there is the element of involuntary accumulation or liquidation because of the inability to adjust purchase
commitments promptly with rapid
changes in sales expectations.
The resulting deviations were minor
in the immediate prewar years but have
been more important since then. Inventories exceeded the typical relationship to shipments in 1942 because of the
shift to war production and the accumulation of materials in anticipation of a
higher level of output.
In late 1944 and early 1945 the "Battle
of the Bulge'' led to suddenly stepped-up
demands for military production with a
resulting drain on inventories of purchased materials. There may also have
been a tendency to reduce inventories
to a minimum in anticipation of the ultimate winding up of certain production
programs.
In late 1945 and early 1946 inventories
of purchased materials were actually increased, in spite of the sharp drop in
shipments, because of anticipation of
the higher levels of output to be reached
later on. In some instances the actual
output in subsequent months fell short
of those anticipations because of various
bottlenecks.
Effect of Shortages
There were serious shortages of critical items during this period. The effect
of these shortages, however, was to increase the aggregate stocks of purchased
materials. As these shortages held up
production, the flow of other items was
allowed to continue and accumulate
against the contingency that they in turn
might be in short supply.
With the rapid expansion in the last
half of 1946, aggregate inventories of
purchased materials at the beginning of
1947 were sufficient to sustain a higher
11
C h a r t 2.—Manufacturers' Inventories by Stage of Fabrication, a n d
Manufacturers' Shipments *
BILLIONS OF DOLLARS
20
BILLIONS OF DOLLARS
10.0
PURCHASED MATERIALS
AND PARTS
7.5
15
5.0
10
2.5
,,,,1
1
)
I
I
1
I
I
I
Inn,I
i
I
IMM.I.MMLM.I
0
15
GOODS IN PROCESS
10
0
tiiilnnilntnliiniln.nhn.il
In i n1 n .•1 .ni. 1
1
Ini nI in.I In IiI1 in iiIm Ii1 Im I1 1 i i
1
0
15
15
FINISHED GOODS
\
10
10
1.1 I I I I I I I I I 1 I I I I I I I I I I I 1 I I I I I I I I I I I ! I I I I I I I I I I I 1 I I I I I I I I I I I I I I I I I I I I I I I 1 I I I M I nI u l l
I I
1939
1940
1941
1942
1943
1944
1945
1946
1947
i Shipments for March 1947 are estimated.
Source of data: U. S. Department of Commerce.
volume of production than had yet been
reached. Although badly unbalanced—
with significant shortages in some categories—they were appreciably above the
normal relationship to current shipments.
This excess over the prewar relationship existed in spite of the use of the
"last-in-first-out" method of inventory
valuation. Under this method the rise in
costs and prices was only partly reflected
in book value of inventories whereas it
was more completely reflected on dollar
sales.
The record of the first 3 months of
1947 suggests that business management
concurs in this judgment. In spite of
sharp increases in prices of some raw
materials, the book value of manufacturers purchased inventories at the end
of March was only a little higher than
at the end of December.
Goods in Process
Changes in manufacturers' inventories
of goods in process of production naturally are closely related to the volume
of output, with a tendency to precede
any major changes in the rate of shipments of finished goods. The time lag
depends not only on the length of the
production cycle but also on the extent
to which management anticipates the
rise or fall in the rate of shipments.
These inventories, as indicated in chart
3, are generally between 35 and 40 percent of the rate of shipments. Excluding minor short-term fluctuations, there
have been three important exceptions to
this relationship. In the first year of
the war the expansion of inventories in
process anticipated the subsequent rate
of shipments by about 6 months. Toward the end of the war the goods in
SURVEY OF CURRENT BUSINESS
12
May 1947
Chart 3.—Wholesalers' Inventories and Sales
• INVENTORIES, END OF PERIOD
BILLIONS OF DOLLARS
7.2
(LEFT SCALE)
BILLIONS OF DOLLARS
6.4 -
5.6 -
4.8
-
4.0
-
3.2
-
2.4
35
36 37
38
- ANNUAL DATA
1943
MONTHLY DATA
47-141
1
Annual sales data are monthly averages for the year. Sales data for January through July 1939and lor October 1946 through March 1947 are monthly totals, adjusted for seasonal variation. Sales for the period July 1939 through October 1946 are 12-month moving averages centered at the seventh month. Inventories are unadjusted for seasonal changes.
Source of data: U. S. Department of Commerce.
process began to decline about 6 months
before the drop in shipments. Around
the end of 1945 the course of reconversion
left goods in process at a relatively high
level when shipments were extremely
low.
In-process inventories at the end of
March 1947 were 39 percent of March
shipments. Apparently they were about
in line with the current rate of production. They can be expected to expand
or shrink, depending on changes in the
level of output.
Finished Goods
As indicated in chart 2, there is no evidence in the immediate prewar years of
any close relationship between the volume of business and manufacturers' inventories of finished goods. Over the
3-year period, 1939 through 1941, inventories fluctuated within a range of less
than 15 percent, while shipments more
than doubled. This stability suggests
that the size of the inventory is determined more by the need to maintain an
adequate assortment of models, styles,
and sizes than by the rate of shipments.
Lacking any obvious historical relationship, there is little basis for calculating what would be an adequate inventory. Presumably some increase is
in order with a substantial expansion of
the volume of business; the question is,
How much? In calculating the increase
in book value necessary merely to restore prewar physical stocks, the analyst
is plagued with the lack of any satisfactory measure of changes in costs and
prices, particularly as they may be reflected in book values.
Obviously, the aggregate inventories
of finished goods in the hands of manufacturers at the end of March 1947 were
inadequate. With any reasonable allowance for higher prices, the physical
quantities were below the prewar level,
while the rate of shipments were substantially above the immediate prewar
years.
The extent of the deficiency is much
less certain. A further increase of possibly a billion dollars would restore the
prewar physical stocks. A larger increase is not demonstrably excessive,
but it would appear unlikely so long as
there is the present cautious business
attitude toward inventories.
well below 1942—in spite of higher
prices.
With the rapid further expansion in
the last half of 1946 and the first quarter
of 1947 the book value at the end of
March was only moderately below the
prewar relation to current sales. Chart
3 shows them approximately in line. It
does not, however, allow for the additional book value necessary to restore
the prewar margin, over the 40 percent
ratio, at today's rather than prewar
prices.
The continued rise in wholesale inventories in the first quarter is particularly
significant since it occurred when there
was no longer the strong upward trend
in sales. It raises the question whether
there was some involuntary piling up of
unsold goods.
Wholesale Inventories
Inventories and sales of retail nondurable goods stores from 1933 to date are
shown in chart 4. In the prewar years
these inventories approximated 1
month's sales plus a margin which in
prewar prices amounted to about threequarters of a billion dollars. An equivalent margin at today's prices would have
a book value of well over 1 billion dollars.
Inventories exceeded this relationship
to sales substantially in the first half of
1942, when there was every incentive to
accumulate against impending shortages.
From then on they fell substantially below the relationship as retailers found it
In the immediate prewar years, wholesale inventories were about 40 percent
of 1 month's sales plus a margin of between lx/2 and 2 billion dollars. For convenience the scale of chart 3, where
wholesale sales and inventories are
shown, is adjusted to show this relationship.
From the peak reached in the first
quarter of 1942, these inventories declined substantially. Expansion began
again in the last half of 1945, but as late
as the spring of 1946 the book value was
Retail Inventories
13
SUEVEY OF CUEEENT BUSINESS
May 1947
increasingly difficult to maintain adequate stocks. There were seasonal increases in the latter half of each year,
but as late as the spring of 1946 the book
value of those inventories, in spite of
higher prices, was only a little higher
than in the spring of 1942.
With the further rapid accumulation of
retail nondurable inventories in the summer and fall of 1946 the book value at
the end of November was very nearly in
line with the prewar relationship of this
seasonal peak to current sales. As in
other areas, these stocks were badly unbalanced. For example, inventories of
women's wear appear to have been excessive while inventories of men's wear
were short.
The following 4 months were marked
by efforts to adjust such imbalances as
At the seasonal peak in the spring of
1942 this margin had widened to 1%
billions. Prom that point the book value
of inventories carried by the durable
goods stores declined rapidly. At the
end of 1945 it was below 1939 in spite
of substantially higher prices.
Because of the need to stock a minimum line for display purposes, the rapid
expansion of inventories of durable
goods stores in 1946 tended to precede
the increase in their sales. At the end
of March 1947, the prewar margin between inventories and sales was restored.3 The only significant deficiency
well as by the usual seasonal changes in
inventories. At the end of March 1947,
the aggregate book value was still slightly
below the prewar relationship.
The calculated deficiency, however, is
so small that it could be easily explained
by a continuation of the prewar tendency
toward more rapid turn-over or by the
cautious attitude of management. It is
hardly sufficient to provide a strong and
urgent motive for further inventory investment.
The sales and inventories of the durable goods stores are also shown in chart
4. In the prewar years inventories were
generally equal to V/2 month's sales plus
a margin of little less than half a billion
dollars. The same margin at today's
prices would be nearer three-quarters of
a billion.
(Continued on p. 21)
3
The further rise in inventories in March,
partly seasonal, is not shown on the chart
because the data were not available in time.
Chart 4.—Inventories and Sales of Retail Stores l
•SALES
-INVENTORIES, END OF PERIOD
(RIGHT SCALE)
(LEFT SCALE)
BILLIONS OF DOLLARS
36
BILLIONS OF DOLLARS
.24
DURABLE GOODS STORES
3.0
2.0
2.4
1.6
16
1.2
1.2
J
I
I
L
111111111111111111111111111111111111 n 1111111111111
NONDURABLE GOODS STORES
,1
1933 34 35 36 37 38 39 4 0 41
ANNUAL
^
1939
1940
1941
1942
1
1943
MONTHLY DATA-
1944
1
1 1,,
1945
1946
1947
47-142
1 Annual sales data are monthly averages for the year. Sales data for January through July 1939 and for October 1940 through March 1947 are monthly totals, adjusted for seasonal
variation. Rales shown for the period July 1939 through October 1946 are 12-month moving averages centered at the seventh month. Inventories are unadjusted for seasonal changes.
2 Data for 1934 are not available.
Source of data: TJ. S. Department of Commerce. Inventories are revised series which will be published when revisions are complete.
SUEVEY OF CUEEENT BUSINESS
14
May 1947
Developments in the Textile and
Apparel Industries
By L. Jay Atkinson
THE textile
DEVELOPMENTSofINthe importanceand
clothing industry are of special interest both because
of
the industry in the nondurable consumers group and because of the influence of trends underway in the industry
upon the course of general business. An
analysis of this segment of industry reveals developments whose full effects are
not yet observable in the current economic picture. It is for the purpose of
throwing light on the general business
situation that the present study of the
textile and apparel industries has been
undertaken.
During the 2-year period since the end
of the war in Europe, the textile and
clothing industries have experienced
heavy backlog demands. Progress in
satisfying the accumulated demand was
slow in the early postwar period, for not
only were there immediate large requirements as millions of servicemen were discharged over a short period, but output
which had been curtailed during the latter portion of the war was temporarily
curtailed even further because of the
production change-over and certain
bottleneck problems associated with the
sellers' market which was then prevalent.
Upward price adjustments were effected
on a broad scale even during the period
of price control in order to meet rising
costs and stimulate desired output. Once
controls were lifted, the price rise was
accelerated as market forces were again
the determinants guiding producer-consumer decisions.
Signs that this transitional period is
nearing an end have been apparent in
recent months. Sales trends in textiles
and clothing are much less buoyant than
in the first half of 1946, with the lagging
tendencies most evident in the case of
women's apparel. The supply situation
has eased in most lines at retail stores—
NOTE.—Mr. Atkinson is a member of the
Current Business Analysis Division, Office of
Business Economics.
Summary
The textile and apparel industries experienced only a short reconversion delay in switching production to peacetime market demands. The high level of output
attained within a few months after
the war ended failed to keep pace
with the insistent demands—particularly of returning servicemen.
The increase in prices which occurred during the period of control was stepped up after ceilings
were lifted.
Gains in output in the woolen
branch of the industry have been
large in comparison with the prewar production, with the sharpest
expansion in women's wear. In
recent months, however, some
shift in production from women's
to men's wear is apparent, both in
the weaving of fabrics and in the
manufacture of finished garments.
A moderate rise in output above
prewar in cotton broad woven
goods has been accompanied by
an increased proportion of fabrics
finished and by large shifts in types
of fabrics produced.
Apparel production in 1946 was
more than a fourth higher than
in 1939, in the aggregate, but some
shortages persisted throughout the
year. These shortages are steadily being remedied. In men's lines,
output in the early months of 1947
was higher than a year ago.
Women's wear output has fallen
below last year's volume in response to slackened purchasing.
in consequence of larger output and of
reduced buying because of the price advance—not only for some clothing but
also for household textiles which were
in extremely tight supply in the late war
period. These developments are slowly
being felt at the manufacturing level
where the pattern of production is undergoing certain shifts, and operations
are being reduced at a few plants. In
general, however, these industries have
operated at a record peacetime level during the first four months of 1947.
Cottons and Woolens Show Contrast
The adjustments already under way
will have somewhat different effects upon
the cotton and woolen industries. With
respect to the former, the change will
largely affect the composition of fabric
production—lower output of coarse yarn
fabrics, for example, is expected to be
offset by larger output of other types. A
move toward lower output of woolen fabrics, on the other hand, will not be fully
compensated for by higher output of
worsteds.
Raw Fiber Consumption
One can obtain a quick over-all view
of the current textile situation by referring to chart 1 which compares total
raw fiber consumption during 1946 and
the first quarter of 1947 with that of prewar years such as 1939 and 1940 and also
with consumption in 1942, the peak war
year. In 1946, total consumption of the
four raw fibers—cotton, wool, rayon, and
silk—averaged 43 percent higher than in
1939. By the fourth quarter the annual
rate of consumption was 50 percent higher than in the earlier year, with some
slight additional gain in the opening
quarter of 1947.
Except for silk, which has been available only in small quantities since late
1946, each of the fibers was consumed in
larger quantity in 1946 and in early 1947
than in the prewar year.
Favorable Rayon Position
The rayon situation requires no extended analysis of production and consumption trends, which are—for all practical purposes—identical. The steady
growth in rayon consumption in the pre-
May 1947
war period was retarded during the war
years because of priorities limiting expansion, but its steady encroachment on
the other fibers is expected to be accelerated now that plant and equipment can
be expanded. The fact that the price
of rayon fiber has risen less than either
cotton or wool prices gives rayon a further competitive advantage. Pound for
pound, rayon staple fiber now costs less
than raw cotton—the reverse of the prewar price position of these fibers.
Cotton Consumption One-third Over 1939
Consumption of cotton in 1946 was
one-third larger than in 1939 and more
than one-fifth above consumption in the
highest prewar year. In order to place
cotton consumption in perspective relative to the general level of industrial activity, chart 2 shows a scatter diagram
relating cotton consumption to the industrial production index. The regression line in the chart was fitted to the
points for the 1919-40 period.
The close correlation between cotton
use and industrial activity is readily explainable, since both types of activity
are subject to the same basic economic
influences. Moreover, nearly 40 percent
of the cotton consumed typically finds
its way into industrial uses.
In only 3 years during the 1919-40
period did cotton consumption diverge
from the regression line by as much as
10 percent. In two of these years, cotton
consumption was above the long-term
line of relationship. The first was in
1927 coincident with a sharp drop in
raw cotton prices following a bumper
crop harvested the previous year. The
second was in 1933, when a spurt in mill
activity took place under NRA. Cotton
consumption fell 16 percent below the
line in 1930 when mill activity was cut
sharply.
In the early war period a large excess
capacity in the cotton textile industry
and the ready availability of additional
labor permitted a rapid expansion in response to rising military and civilian demand. As a result of these influences,
the points for 1941 and 1942 are above
the line of relationship. Mill activity
declined in the succeeding war years as
manpower was drawn into the services
and into munitions production. Thus,
the chart shows sizable negative deviations for the years 1943-45.
By 1946, the long-term relation was
restored—in fact, the points shown in the
chart for 1946 and the first quarter of
1947 are slightly above the line.1
1
The validity of the line of relationship for
the recent period is weakened by the extent
of the extrapolation required—both cotton
consumption and industrial activity now are
substantially higher than in any of the years
used in deriving the relationship.
15
SUEVEY OF CUEEENT BUSINESS
Output of Fabrics
Wool Consumption at Peak
An analysis of wool consumption can
best be approached on a per capita basis.
As shown in chart 3, per capita consumption in 1946 exceeded the wartime peak
in 1943, when more than half of total
consumption went for military purposes,
and was twice as large as in 1939.2 It
will be recalled that cotton consumption
has risen only one-third since 1939.
The doubling of wool consumption between 1939 and 1946 is partially due to a
change in the type of clothing worn by
women—a trend toward woolen suits—
but it also reflects the bunching of deChart 1.—Consumption of Major
Textile Fibers 1
BILLIONS OF POUNDS
2.0
.5 -
1939 1940
1942
1st Or. 2dQr.
-*
3d Qr. 4th Qr. 1st Qr.
1946
Men's Wear Fabrics Gain During 1946
The expansion in men's wear woolen
and worsted fabrics necessitated by
heavy military requirements for apparel
of all types reached its peak in 1942.
(See chart 4.) In this same year, fabrics available for nonwar use reached
their wartime low.3 Although production for nonmilitary purposes was sustained close to this low point during the
remainder of the war period, there was
no real pinch in supplies because of the
large number of men inducted into the
armed forces.
Production of men's wear fabrics in
1946 averaged about 25 percent higher
than in 1939. By the final quarter of
the year production was running 36 percent above the prewar rate and was
making inroads on the backlog demand.
*- 1947
1
Data are quarterly averages for 1939-42 and quarterlytotals for 1946 and 1947.
2
Data represent deliveries. There were none during
the war years, and in 1946, the amounts were too small
to show in chart.
Sources: Data for wool and cotton, Bureau of the
Census; rayon, Textile Economics Bureau; and silk,
Commodity Exchange, Inc.
mand for men's fabrics and for nonapparel fabrics. During 1946, considerable
rebuilding of depleted inventory stocks
of woolen and worsted fabrics and finished garments was accomplished.
These special conditions have bolstered
wool consumption in the recent period to
a record rate, but some adjustments in
output are observable in the early months
of this year. Reductions have already
occurred in the manufacture of woolens,
but, so far, these have been largely offset by stepped-up output of worsted fabrics.
2
Supplies of raw materials have been
adequate to meet requirements for cotton and woolen fabrics throughout the
war and postwar periods. Whatever
bottlenecks were in evidence occurred at
later stages of the production process.
Supply deficiencies in cotton goods have
been traceable both to reduced output of
fabrics and to shifts in the types of both
fabrics and consumer goods. The availability of woolen and worsted fabrics, on
the other hand, has not curtailed output
of completed garments to any significant
extent—the shortages that have occurred
have reflected bottlenecks in garment
manufacture.
The data in the chart and elsewhere in
this article refer to apparel class wool. This
type of wool is used largely in the weaving
and knitting of apparel fabrics but it is also
used for such nonapparel purposes as blankets, upholstery, and draperies.
Proportion of Women's Fabrics Higher
The relative gain in the manufacture
of women's wear and children's fabrics
is reflected in the shift between 1939 and
1946 in the proportion of fabrics produced. In 1939, these fabrics constituted about three-eights of the combined
output of women's and children's and
men's wear, whereas in 1946 they made
up half of the total. The comparison of
1946 production to that of earlier years
is shown in chart 4.
In women's and children's wear, there
was no backlog of demand at the beginning of 1946, although retail inventories
of finished apparel items were lowered
by the end-of-war buying which developed in late 1945 and early 1946. Nevertheless, output of these fabrics in 1946
was more than double that obtained in
1939.
Cotton Fabrics Highly Diversified
The situation with respect to cotton
fabric output is somewhat more compli3
See Trends in Textiles and Clothing,
SURVEY, April 1945.
SUKVEY OF CUREENT BUSINESS
16
C h a r t 2.—Relationship Between C o t t o n C o n s u m p t i o n a n d I n d u s t r i a l
Production
the largest rise—approximately twofifths. A somewhat smaller gain—
about one-fifth—was registered in output of fine cotton goods. For the important print cloth yarn fabrics, which
are intermediate in fineness between the
coarse yarn and the fine fabrics, output
m 1946 was slightly lower than in 1939.
It is in the unfinished print cloth area
that the severest shortages have developed. The production trend during 1946
did little to relieve the situation; output declined in the second and third
quarters of the year, and in the fourth
quarter was again only at the first quarter rate. Preliminary data for the opening quarter of 1947 suggest that unfinished print cloth still is lagging relative
to other fabrics.
200
150
18
2
ro
11
IOO
50
NOTE: £//V£ 0/=" REGRESSION WAS
FITTED TO DATA FOR 1919-40.
50
100
150
INDUSTRIAL PRODUCTION (INDEX, 1935-39-100)
200
250
+ 50
1919 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47
47-iO3
Source of data: Board of Governors of the Federal Reserve System.
cated than the woolen and worsted picture because of the greater variety of
fabrics designed for a large number of
end uses. The more important of the
shifts which have occurred since 1939
can be seen from an analysis of broad
woven goods output. This category in
1939 absorbed more than 80 percent of
the total cotton yarn produced.
and 1946, output of jiarrow sheetings
and coarse and medium yarn fabrics,
which are used primarily for nonapparel
purposes and for work clothing, showed
Gray Goods Prices Soar
The intensity of the shortage which
has developed in the gray goods field is
reflected in the price adjustments which
have occurred since the end of price control and in the widened mill margins between the price of a pound of raw cotton
and the price of unfinished cloth. These
prices and the implicit margins are illustrated in chart 5.
For the most part, the mill margins (on
17 constructions) ranged from less than
10 to 15 cents in the prewar period. In
1939, mill margins averaged 11.7 cents.
After rising slowly in 1940, they jumped
to around 20 cents in 1941 at which level
they were stabilized until the spring of
1946, when prices were advanced to cover
not only higher raw cotton costs but also
higher labor costs and premiums to encourage production. By October of 1946,
at the peak of the bull market in raw
cotton, average mill margins had risen to
31 cents; then, as the price of raw cotton
declined and price ceilings were lifted,
mill margins jumped to nearly 50 cents
in December and had pushed above 53
cents by March 1947.
The rise in gray goods prices and in
mill margins during the past year is
based upon quotations for spot and nearby prices and does not include contract
Table 1.—Production of Selected Classes of Cotton Goods, Unfinished
[Millions of linear yards]
Quarterly average
Gray Goods Output Up One-Tenth
Looking first at unfinished cotton
broad woven goods, or gray goods, total
yardage output in 1946 was 10 percent
higher than in 1939. This small rise was
accompanied by significant shifts in the
types of fabrics produced. This is illustrated in table 1, showing changes in
three important fabrics. Between 1939
May 1947
1937
Cotton broad woven goods (except tire fabrics), total V
Narrow sheetings and allied coarse- and mediumyarn fabrics
__.
Print cloth yarn fabrics
Fine cotton goods
First
quarter
Second
quarter
quarter
Third
Fourth
quarter 2
2,165
2,072
2,267
2,299
2, 190
2,355
398
816
262
396
750
259
543
738
314
557
726
321
530
681
303
555
736
334
1 Total includes some fabrics not shown in table.
Preliminary.
Source: U. S. Department of Commerce, Bureau of the Census.
2
1939
1946
SURVEY OF CURRENT BUSINESS
May 1947
prices for distant deliveries, which have
shown less rise. Although a considerable
volume of business is contracted on the
basis of future rather than spot prices,
many transactions are made in the spot
market. The high spot prices illustrate
the exceedingly tight supply situation for
spot and nearby trading.
Table 2.—Finished Cotton Cloth Production
[Millions of linear yards]
1937
Bleached, dyed, or printed goods, total
Bleached and white finished
Plain dyed and finished
Printed and finished _ ___
1947
1946
Quarterly average
Finished Constructions Show Larger Gain
In contrast with the rise of only 10
percent in unfinished broad woven goods,
finished constructions output was about
40 percent higher in 1946 than in 1939.
(See chart 6.) A considerable part of
this expansion in finishing, however, has
been in constructions which have been
used for purposes other than clothing or
household uses and in many instances
fabrics were finished which in earlier
years had been used in the gray. As
indicated by the statistics summarized in
table 2, which classifies cloths by type of
finish, the gains have been smallest for
fabrics which are important for volume
production of apparel.
The first and the largest category of
finished cloth output is bleached and
white finished (but neither dyed nor
printed). Such fabrics, many of which
are little used in apparel manufacture,
expanded more than 50 percent between
1939 and 1946, reaching a rate of 65 percent higher in the final quarter of the
year.
The second group of fabrics, plain
dyed and finished, are important for
17
1
First
quarter
1939
Second
quarter
quarter
Third
Fourth
Pirst
quarter 2 quarter 3
1,105
1,263
1,734
1,788
1,604
1,816
1,880
435
314
356
544
358
361
841
478
416
878
466
443
765
449
390
897
490
429
965
495
420
1
2
3
Fabrics containing 25 percent or more wool by weight are not included.
Preliminary.
Estimate by the Office of Business Economics, based upon industry reports.
Source: U. S. Department of Commerce, Bureau of the Census.
work clothing as well as for industrial
nonapparel uses. Production of this
class of fabric in 1946 was about onethird higher than in 1939.
The third type of finish—those fabrics
which are printed and are used largely
for mass production apparel wear—show
a rise of only 16 percent over 1939. Output of this class of fabric has been running at about the same level this year as
last, whereas other types of output are
higher this year.
These three broad types of finished
fabrics include a large number of individual constructions. The situation with
respect to these constructions can be illustrated by four types of representative fabrics, which are shown in chart 7:
1. Tobacco cloth, cheese cloth, bandage
cloth, and gauze—a type of construction not usually used either for ap-
parel or for household purposes: output in 1946 was more than six times
as great as in 1939.
2. Drills, twills, and jeans—a class used for
work clothing and for industrial purposes: output in 1946 was about triple
that in 1939. The trend was down- «
ward during the year and into the first
quarter of 1947.
3. Print cloths, plain and fancy (including pajama checks)—the backbone of
housedress and other apparel production: output in 1946 up less than 10
percent.
4. Broadcloth—important for men's shirts:
output in 1946 only about half as
large as in 1939.
These changes in output show that although total finished cotton goods production is well ahead of prewar, it is not
balanced. A shift has occurred toward
the production of nonapparel type cloths
and toward coarse yarn fabrics, on the
one hand, and fine cotton goods (except
Chart 3.—Apparel Wool Consumption Per Capita
POUNDS
5
MILITARY AND EXPORT
CIVILIAN h
3 -
2
-
I
-
1919 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46
1
Data for 1919-38 include very small amounts for military use and for export.
Preliminary estimate. Quarterly total is at annual rate.
Sources: Unpublished study of U. S. Department of Agriculture, based upon Bureau of the Census reports on total mill consumption.
741637—47
3
2
1st Qr.
1947 .S'
SUKVEY OF CUKEENT BUSINESS
18
broadcloth), on the other, to the neglect
of intermediate fabrics normally used in
volume production of women's and children's wash dresses, and men's and boys'
shirts, shorts, and pajamas.
Work Clothing Fabrics in Good Supply
As a result of this shift in output,
coarse fabrics and work clothing, although extremely short during most of
the war period, have been in good supply
in recent months. This has not yet been
reflected in lower prices, although the
rise in prices of these fabrics following
price decontrol was less than the average
rise for all cotton textile prices.
On the other hand, severe shortages
of print cloth and broadcloth fabrics and
of apparel made from these fabrics have
persisted until very recently. When
prices were decontrolled, gray goods of
these constructions advanced to extremely high levels, as already explained.
Mills are now changing over to the weaving of these fabrics, although the results
are only partially observable in the production figures which are available.
Reports from finishing mills accounting for two-thirds of total output indicate that for the first 3 months of 1947
output of print cloth, plain and fancy, including pajama checks, was at about the
same rate as a year ago, indicating that
the very tight squeeze in these constructions is not easing. On the other hand,
broadcloth output in these months was
sharply higher than a year ago but was
still below prewar production.
Within a short time, the stimulating
effect of the current margins on production of print cloth will be showing up.
However, any substantial gain in print
cloth and other constructions in short
supply hinges upon an expansion in overall mill activity as long as total consumer
and industrial demand holds close to current levels.
Clothing Production
Combined clothing output last year
was more than one-fourth higher than
in 1939. For men's, youths', and boys'
wear the increase was about one-fifth,
and for women's, misses' and children's
wear nearly two-fifths. In the final
quarter of 1946, however, and in early
1947, men's, youths', and boys' clothing
was showing a larger gain over the prewar period than was the other group.
This reversal of position resulted from
the divergent production trends during
the year—the trend in the men's group
generally was upward and in the women's group downward.4
4
The production indexes referred to in
this section and illustrated in chart 8 will
be published in a future issue of the SURVEY,
together with a description of sources and
an explanation of the methods of calculation. None of the series have been adjusted
for seasonal variation.
Chart 4.—Production of Woolen and Worsted Apparel Fabrics 1
MILLIONS OF LINEAR YARDS
MILLIONS OF LINEAR YARDS
WOMEN'S AND
CHILDREN'S WEAR
- 20
1939
4 2 43 4 4 4 5
•^QUARTERLY AVERAGES••
1st 2d 3d 4th
1946
QUARTERLY TOTALS
1939
42 4 3
44 45
-*• QUARTERLY AVERAGES *•
1st 2d 3d 4th
1946
QUARTERLY TOTALS
47-216
1
Data exclude wool felts and production of apparel fabrics for general use.
Source of data: Bureau of the Census.
May 1947
Few Shortages Remain in Men's Lines
As is well known, the principal clothing shortages have been in men's lines.
This is attributable to a combination of
factors on both the demand and supply
sides. The backlog demand carried over
from the war for such items as coats,
suits, and shirts was large. The low
level of output during the war—when a
large percentage of men were being
clothed in military garb—meant that
manufacturers had to step up output by
a substantial amount once the war
ended. The diversion of fabrics, which
was made profitable by price control
regulations and by profit margin differentials after decontrol, aggravated the
supply situation.
As shown in chart 8, overcoat and topcoat output attained a high rate by the
first half of 1946 and averaged nearly 50
percent higher than in 1939 for the year
as a whole. The rate of production during the latter part of the year permitted
considerable rebuilding of retailers
stocks, even though deferred demands of
consumers continued to be important in
the market.
Output of separate coats and trousers
was also at a good rate in early months
of 1946, reaching a peak in May. Production for the year as a whole was more
than double the 1939 volume. The slow
progress made in suit production (see
chart 8)—last year's output of men's
suits fell short of 1939 production—was
not in evidence for jacket and trouser
manufacture.
Suit Demand Still Unsatisfied
The failure of men's suit production to
be higher than in 1939 in a year when
needs were considerably larger suggests
that a backlog of demand still exists for
suits. But the large purchases of jackets
and trousers last year partially cut into
this backlog, the exact amount depending upon the extent to which these purchases were used as substitutes for suits
rather than for sportswear only. The
total of men's suits plus separate coats
and trousers averaged one-third higher
in 1946 than in 1939. Even by the early
months of 1947, output of suits was only
slightly above the 1939 average.
Men's Shirts Reappear on Counters
Men's shirt production was only
slightly higher in 1946 than in 1939.
Even though the gain over prewar output
was extended as the year progressed, by
the final quarter of the year the gain was
still under 20 percent—which though
moderate has restored men's shirts to
retail counters. Retailers have made
considerable progress in rounding out
their stocks, as consumers have not
SURVEY OF CURRENT BUSINESS
May 1947
19
Chart 5.—Prices of Raw Cotton and of Cotton Cloth, and Mill Margins
CENTS
100
75
50
25
1 , 1 , 1 , 1 , 1 , I,,.,,, 1
50
1935 1936 1937 1938 1939 1940 1941
CALENDAR YEARS
1 Wholesale price of cloth obtainable from one pound of cotton, based upon 17 constructions of unfinished cloth.
2 Spot price per pound in southern markets, of average grades and staples commonly used in production of cloth mentioned above.
Source of data: Production and Marketing Administration, IT. S. Department of Agriculture.
1925
1926
1927
1928
1929
1930
1931
swept these out of the stores at current
prices.
Underwear, pa jama, and nightshirt
output in 1946 was approximately 5 percent below prewar volume and only a
small improvement was made during the
year. In contrast, work-clothing output averaged about 20 percent above
1939.
No Backlog Demand in Women's Lines
The demand situation for women's,
misses' and children's wear in 1946 was
very different from that for men's wear
in that there were no large backlog requirements to be satisfied. Without the
necessity for restocking of personal inventories—except for nylons in the early
months of the year—and with output at
a high level, no scarcities developed in
major apparel items paralleling those
in the men's wear field.
Production of all women's, misses',
and children's wear in 1946 averaged
about two-fifths higher than in 1939,
when production was at a relatively high
1932
1933
1934
Chart 6.—Cotton Cloth
Production *
BILLIONS OF LINEAR YARDS
UNFINISHED
1939
Qr. Avg.
2d
Qr.
3th
Qr.
1946
4th
Qr.
1st
Qr.
1547
3
Data for fourth quarter of 1946 are preliminary. Data
for finished cloth for first quarter of 1947 are estimated.
Sources: Bureau of the Census, except estimates for
first quarter of 1947 which are from Office of Business
Economics, based upon reports of National Association
of Finishers of Textile Fabrics.
1942
1943
1944
1945
1946
1947
rate in relation to other prewar years.6
The largest rise over prewar was registered in women's and misses' suit production—a gain of more than 300 percent. Blouse output more than doubled
during the period in question. These
large rises are partially explained by a
shift in style toward suits, as well as by
the higher income levels which prevailed
last year as contrasted with 1939.
In other lines, output showed relatively moderate advances. Cloth coats
(including those with fur trimming)
were up by a third, dresses about 15 percent, and underwear about 5 percent,
with some shift from woven to knit
underwear.
It is significant that the groups showing rises of 100 percent or more over
prewar volume represented only 10 percent of the total value of women's wear
output in 1939, whereas the groups
showing rises of a third or less repre5
The output of women's, misses' and children's wear in 1939 was higher than in such
previous census years as 1929 and 1937, when
general business activity was at a high level.
SURVEY OF CURRENT BUSINESS
20
Chart 7.—Production of Selected
Types of Finished Cotton
Cloth *
INDEX, QR. AVERAGE 1939 « 100
800
TOBACCO CLOTH,
CHEESE CLOTH ^
L
AND GAUZE^f X
/
/
600
/
^
400
DRILLS, TWILLS
AND JEANS
i
200
/
100
,'"'
May 1947
quality, and widespread price realignments.
Although a slackening in consumer
takings of apparel has appeared, present
demand continues at a very high level
and thus provides the basis for adjustments along the above lines to be made
in orderly fashion. A major uncertainty,
of course, relates to the reaction of consumers to current prices and to the question of whether operations can be sustained at a high rate should prices undergo an adjustment. It should also be
observed that the industry typically
shows above-average sensitivity to fundamental changes in the general business
situation. Expenditures for clothing are
very responsive to changes in income and
in price.
Prospective Adjustments
The broad character of the adjustments still to be made can be readily ascertained by comparing the pattern of
production in 1946 with that prevailing
in 1939. In the wool textile and clothing
field, a further movement toward prewar ratios between men's and women's
wear can be expected, with worsted fabrics gaining at the expense of woolens.
In cottons, larger production of such fabrics as print cloth and broadcloths will be
accompanied by lower output of coarse
yarn fabrics and highly finished goods.
Corresponding shifts will occur in cotton
apparel. The prospective adjustments
also include elimination of unnecessary
finishings, a general improvement in
PRINTS
~ " -~~- ,
~
BROADCLOTH
—
1
IstQr.
0
1939
1
2dQr.
1
3d Qr.
Chart 8.—Production of Selected Types of Clothing
- | 47-214
4th Qr.
1st
1947
INDEX, 1939 = 100
250
MEN'S, YOUTH'S AND
BOYS' CLOTHING [
_
1
Data for first quarter of 1947 are estimated.
Source of data: See chart 6.
sented 80 percent of prewar production.
In other words, the exceptionally large
gains have been confined to a relatively
small segment of the women's and
misses' apparel market.
INDEX, 1939 = 100
250
200
200
SEPARATE COATS
AND TROUSERS
C
150
150
100
100
50
50
600
The Outlook
In summary, production in all the
major branches of the textile industry—
in spinning, weaving, and the manufacture of clothing and household textiles—
has been running at a record peacetime
level for a year or more. Distribution
pipe lines have been largely refilled and
important backlog demands have been
satisfied. At the same time, prices in the
industry have undergone substantial upward adjustment—a development which
has also played a role in inventory restocking and in cutting down the pressure of deferred demands on available
supplies. Profit margins have widened
in many lines and the industry as a whole
has experienced favorable earnings.
In general, the increases since the prewar period have been larger for the
woolen branch of the industry than for
the cotton branch. This is apparent
from an examination of the gains in fiber
consumption, in fabric output, and in
finished goods. Nevertheless, in both
branches there are instances of underproduction—relative to current requirements—which can be expected to be redressed in the months ahead. In both
branches, also, there are cases where
existing supplies are more than adequate
and where a downward adjustment has
already begun or is in prospect.
600
WOMENS, MISSES,' A N D / \ C H I L D R E N ' S
CLOTHING
550
550
500
500
450
450
400
400
350
350
300
200
150
too
50 1
\
I
I1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 50
1943
1944
1945
MONTHLY AVERAGE FOR YEAR
J
•*
F
M
A
M
J J A
1946
S
MONTHLY DATA
Source of data: Office of Business Economics.
O
N
D J F M
•—1947—*
47.237
SUEVEY OF CUKEENT BUSINESS
May 1947
The Business
Situation
Table 3.—Expenditures on New Plant and Equipment by U. S. Business,1 1946-47
[Millions of dollars]
Expansionary Force
of Inventory
Outlays
(Continued from p. 13)
was relative to the potential sales which
could have been made if there had been
adequate supplies of goods. That deficiency was substantial.
Combining all of these categories, the
answer to the second question is that
aggregate business inventories are not
too high in terms of the prewar relation
to sales. Inadequate stocks in some
areas more than offset excess supplies
elsewhere. They are, however, near
enough to that relationship so that
whether they are adequate or inadequate can depend on the attitude of
management.
Any remaining deficiency is a much
less urgent source of demand than it was
a few months ago. It does not warrant
the assumption that inventory investment at the recent rate will continue for
an extended period.
Conclusions
In summary, inventory outlay has been
a major expansionary force in recent
months. At the beginning of the second
1947 2
1946
Industrial group
(Continued from p. 8)
to have been reached with the annual
rate of nearly 15 billion dollars in the
fourth quarter of 1946. A leveling off of
expenditures is indicated in business anticipations for 1947, with estimated outlays in the last half amounting to 6.9
billion compared with 7.0 billion in both
the first half of 1947 and the second half
of 1946. However, changes in the business outlook, in business financing prospects, and in the supply situation for
materials, labor and equipment as the
year progresses may bring about substantial revisions in the reported anticipations. Data now in process of collection will reveal industrial expenditures
actually made for new plant and equipment in the first quarter of 1947, with
revised anticipations for the second
quarter and a first estimate for the third
quarter of the year.
21
Manufacturing
Mining
Railroad
Electric and gas utilities
Commercial and miscellaneous 3.
Total....
Jan.June
JulySept.
Oct.- JulyJan.- Apr.- Jan.Dec. Dec. Total Mar. June June
2,500
240
230
410
1,620
1,650
160
160
280
1,060
1,760
160
180
360
1,270
3,410
320
340
640
2,330
5,910
560
570
1,040
3,960
1,620
160
210
350
1,100
1,530
150
280
420
1,180
3,150
310
490
770
2,280
3,020
300
510
920
2,140
6,170
610
1,000
1,690
4,420
4,990
3,310
3,730
7,040 12,040
3,440
3,560
7,000
6,890
13,890
JulyDec.
Total
1
Excluding agriculture. Revised figures.
* Estimates based on anticipated capital expenditures of business.
3
Includes trade, service, finance, communication, and transportation other than railroad.
Source: U. S. Department of Commerce and Securities and Exchange Commission.
Small Decline in Manufacturing Outlays
Manufacturing companies' planned expenditures for new plant and equipment
during 1947 are estimated at 6.2 billion
dollars, not quite half the total for all
industry. Manufacturers anticipate a
gradual decline in expenditures. Having
spent 3.4 billion dollars in the second half
of 1946, they expect to spend about 3.2
billion in the first half of 1947 and 3.0
billion in the second half. It is apparent
that many manufacturing concerns, particularly those of smaller size, have in
large measure completed their postwar
reconversions and have attained the potential capacity considered adequate for
their immediate sales prospects.
Railroads and electric and gas utilities,
on the other hand, expect continued increases in their capital outlays during
1947 to replace obsolete equipment and
carry out expansion programs delayed by
the war. Commercial and most of the
miscellaneous group of companies anticipate small declines during 1947, while
mining companies will spend at about the
same rate as in the second half of 1946.
quarter of 1947 inventories were still generally below rather than above the prewar relation to sales. Manufacturers
were carrying relatively large stocks of
purchased materials to compensate for
the uncertain and inadequate supply of
those materials. On the other hand, a
strong customer demand kept their aggregate stocks of finished goods relatively low. Aggregate wholesale and
retail inventories were also low.
The problems in projecting historical
relationships, as well as the importance
of management attitudes and expectations, preclude any precise calculation as
to the extent of any remaining deficiency.
It is obvious, however, that it is much
less urgent than it was a few months ago.
Appraisal of the adequacy of inventories relative to the current volume of
business is subject to the qualification
that inventory accumulation at each
stage of production and distribution has
been an important source of that volume.
This becomes more significant the farther the particular business is removed
from the ultimate consumer. The raw
material content of these successive
stages of inventory accretion can be a
sizable share of raw material production.
The extent of further additions to inventories is even more in doubt. It will
depend on future changes in business
volume and future changes in costs as
well as any present inadequacies. These
further additions, however, are likely to
be less than the increases over the last
9 months. It is evident that the expansionary force of inventory outlays is
diminishingi
There is the additional question
whether the rate of accumulation will
taper off as inventories approach adequacy—thus minimizing the adjustments as this source of demand is eliminated and minimizing the danger of subsequent liquidation—or whether it will
continue until it becomes obvious that
inventories in important areas are excessive.
With regard to the latter issue, the
cautious attitude of business management in recent months adds an element
of strength to the current situation.
Preliminary data suggest that aggregate
accumulation was substantially less in
the first quarter of 1947 than in the
fourth quarter of 1946. Such inventories as are being carried today appear
to be held in spite of the general expectation of lower prices in important areas.
Mostly they are held because they are
deemed necessary and not in the hope
of a speculative profit.
Similarly, the steps already taken by
business should serve to limit the repercussions following the end of inventory
accumulation. The more general use
SURVEY OF CURRENT BUSINESS
22
of the "last-in-first-out" method of inventory accounting reduces the risk of
loss on high-priced materials. Retailers
in particular have been rather prompt
to mark down poor quality or excessively
priced merchandise, thus taking rather
than postponing any losses on these
items. Reserves have been set up by
many companies against potential in-
ventory losses. While inventory expansion has been financed in part by bank
loans, business in general is in a relatively strong financial position.
The net effect is to reduce the danger
of panicky liquidation of inventories. It
does not, however, eliminate the possibility of a concerted reversal of buying
attitudes, on the part of both producers
May 1947
and consumers, as the most serious
shortages are eliminated and when the
fear of price declines outweighs the expectation of further increases. Neither
do these precautions preclude the inevitable readjustments from boom conditions—the further shift from sellers' to
buyers' markets, the return to more normal competitive conditions.
New or Revised Series
Employees in Nonagricultural Establishments: Revised Data for Page S-9
[Thousands of employees]
Without adjustment for seasonal variation
Month and year
Total
1939:
January
February...
March
April
May
June
July
August
September..
October
November..
December..
ManuConstruction facturing
Mining
Trade
Adjusted for seasonal variation
Transportation and
public
utilities
Finance,
service,
and miscellaneous
Government 2
4,472
4,469
4,518
4,564
4,649
4,688
4,690
4,702
4,724
4,634
4,598
4,602
3,913
3,886
3,915
3,926
3,962
3,957
3,937
3,973
4,091
4,105
4,054
4,127
29,711
29,729
29,840
29,630
29,870
30,161
30,190
30, 299
30, 572
30, 985
31,105
31, 242
1,144
1,131
1,163
1,155
1,153
1,178
1,147
1,161
1,158
1,164
1,138
1,098
Total 3
28,945
29,026
29,436
29,418
29, 768
30,132
30,108
30, 512
31, 254
31, 629
31, 491
31, 710
916
1,035
1,132
1,234
1,272
1,285
1,312
1,285
1,234
1,161
1,010
9,535
9,671
9,787
9,787
9,732
9,775
9,817
10,117
10,489
10, 780
10, 746
10, 694
875
875
590
701
842
836
853
883
931
943
7,389
2,787
2,792
2,813
2,847
2,872
2,934
2,941
2,947
2,994
3,047
3,009
2,960
Monthly average.
1940:
January
February
March
April
May
June
July
August
September
October
November
December
30, 287
1,150
10,078
845
6,705
2,912
4,610
3,987
30, 287
30,602
30, 632
30,953
31,023
31,353
31,619
31, 644
32, 210
33,001
33, 416
33, 616
34,301
904
930
1,015
1,146
1,260
1,300
1,342
1,371
1,469
1,550
1,607
1,629
10,453
10,475
10, 439
10,343
10,298
10,353
10,411
10,830
11,182
11,405
11,523
11,647
918
916
916
899
902
894
907
919
927
934
934
931
6,707
6,701
6,902
6,854
6,945
7,021
6,929
6,964
7,156
7,254
7,369
7,854
2,925
2,934
2,930
2,946
2,996
3,028
3,039
3,060
3,085
3,102
3,069
3,045
4,622
4,628
4,684
4,749
4,815
4,850
4,843
4,870
4,873
4,840
4,803
4^800
4,073
4,048
4,067
4,086
4,137
4,173
4,173
4,196
4,309
4,331
4,311
4,395
31,356
31,315
31,255
31,309
31,451
31,642
31,733
32,039
32,336
32, 777
33, 230
33,831
Monthly average.
1941:
January
February
March
April
May
June
July
August
September
October
November
December
32,031
1,294
10, 780
916
7,055
3,013
4,781
4,192
33, 410
33, 703
34,196
34, 763
35, 615
36, 283
36,843
37,351
37,906
37,964
37,831
38,099
1,606
1,567
1,532
1,644
1,738
1,803
1,956
2,014
2,035
1,969
1,879
1,734
11,603
11,874
12,113
12, 394
12, 648
12, 967
13,275
13,540
13,784
13.847
13,821
13,817
933
930
943
637
944
1,002
1,010
1,013
1,009
1,007
7,094
7,116
7,219
7,467
7,435
7,552
7,540
7,609
7,731
7,816
7,916
8,303
3,011
3,020
3,068
3,145
3,224
3,287
3,341
3,380
3,398
3,405
3,369
3,333
4,822
4,829
4,893
4,986
5,052
5,092
5,112
5,133
5,126
5,076
5,041
5,029
4,341
4,367
4,428
4.490
4,574
4,622
4,638
4,673
4,822
4,838
4,796
4,876
Monthly average.
1942:
January
February
March
April
May
June
July
August
September
October
November
Decem ber
36,164
1,790
12,974
947
7,567
3,248
5,016
37,185
37, 346
37,903
38, 577
39,129
39,673
40,162
40,672
41,158
41, 296
41 375
41,892
1,675
1,649
1,834
2,040
2,222
2,403
9, 565
2,577
2,530
2,370
2.212
1,957
13, 740
13,971
14,184
14,391
14, 576
14, 791
15,143
15,519
15,800
15,956
16.128
16,415
1,007
993
7,532
7,458
7.482
7,465
7,453
7,396
7,291
7,283
7.361
7,511
7,599
7.945
3,305
3,290
3,314
3,385
3,419
3,453
3,485
3,500
3,517
3,519
3,503
3,507
Monthly average.
1943:
January
February
March
April
May
June
July
August
September..
October
November
December.
Monthly average.
1944:
January
February
March
April
_.
May.
For footnotes see end of table.
994
991
981
970
961
951
6,432
6,417
6,493
6,572
6,618
6,664
6,602
ConManustruction facturing
9,750
9,770
Mining
Trade
9,950
10, 010
10,051
10,166
10,443
10, 531
10,631
883
879
875
596
705
855
840
849
874
917
934
923
6,597
6,615
6,605
6,625
6,685
6,697
6,703
6,709
6,754
6,796
6,810
6,842
1,150
10,078
845
6,705
1,116
1,148
1,140
1,169
1,178
1,204
1,198
1,213
1,323
1,462
1,575
1,771
10,647
10, 533
10,454
10,406
10, 451
10, 525
10,614
10,812
10,904
11,100
11,324
11, 562
923
921
916
908
907
908
912
914
918
920
925
6,879
6,908
6,937
6,994
7,015
7,056
7,035
7,070
7,120
7,147
7,189
7,272
32,031
1,294
10, 780
916
7,055
34, 239
34,470
34, 685
34,925
35, 744
36, 246
36, 760
37,090
37,195
37,377
37, 503
37, 646
1,889
1,844
1,721
1,678
1,721
1,701
1,746
1, 782
1,833
1,858
1,842
1,885
11,784
11,934
12,132
12,439
12, 764
13,092
13,389
13,503
13, 537
13,618
13,077
13,770
938
935
943
643
949
970
981
997
1,000
1,003
1,004
7,276
7,336
7,366
7,505
7,510
7,590
7,655
7,725
7,693
7,700
7,723
7,688
4,622
36,164
1,790
12,974
5,044
5,023
5,081
5,140
5,188
5,236
5,232
5,234
5,229
5,173
5,112
5,087
4,882
4,962
5,020
5,167
5,282
5,407
5,452
5,568
5,740
5,797
5,860
6,030
37,963
38,116
38, 390
38,826
39, 239
39,555
39, 880
40, 247
40, 604
40, 866
41,105
41,410
1,971
1,940
2,015
2,082
2,200
2,267
2,290
2,301
2,300
2.23b
2,169
2,127
13, 870
14, 034
14,240
14,467
14, 679
14, 878
15,127
15, 365
15,610
15, 868
16, 075
16, 380
1,002
947
7,567
956
946
7,686
7,649
7,588
7,548
7,528
7,433
7,402
7,394
7,435
7,400
7.378
7,356
1,012
994
992
994
39,697
2,170
15, 051
983
7,481
3,433
5,148
5,431
39,697
2,170
15, 051
983
7,481
41, 000
41,206
41,653
41,962
4*>, 004
42, 365
42, 352
42, 319
42, 269
42, 323
42, 423
42, 638
1,835
1,780
1,764
1,741
1,694
1,669
1,580
1,524
1,451
1,343
1,272
1,147
16, 570
16.816
17,037
17,129
17,181
17,431
17, 618
17,736
17,696
17,777
17, 858
17, 722
934
935
931
922
908
915
915
912
915
910
901
907
7,208
7,154
7,204
7,307
7,233
7,289
7,225
7,169
7,241
7,398
7,576
7,865
3,487
3,485
3,520
3,570
3,597
3,656
3,689
3,694
5,100
5,098
5,142
5.179
5,229
5,284
5,250
5,235
5,237
5,185
5,160
5,149
5,866
5,938
6,055
6,114
6,162
6,121
6, 075
6,049
6,041
6,021
5,973
6,179
41, 508
41, 801
42, 079
42,155
42.141
42, 318
42, 291
42,160
41, 992
42, 057
42,157
41. 972
2,016
1,956
1,877
1,777
1.677
1,575
1,491
1,424
1,369
1,279
1,247
1,233
16, 634
16, 880
17, 093
17, 200
17, 288
17,493
17.608
17,608
17, 569
17, 696
17, 812
17,687
934
935
931
922
908
915
915
912
915
910
901
907
7,281
7,300
7. 351
7,344
7,306
7.326
7,335
7,315
7,314
7,325
7,355
7,316
42, 042
1,567
17,381
917
7,322
3,619
5,187
6,049
42, 042
1,567
17, 381
917
7,322
41,611
41, 552
41, 552
41.443
41,420
1,114
1,068
1,061
1,075
1,109
17, 587
17. 581
17,447
17,235
17,105
900
901
896
892
7,272
7,237
7,286
7,311
7,287
3,664
3,704
3,737
3,780
3,809
5,119
5,116
5,156
5,170
5,205
5,955
5,945
5,969
5,980
6.015
42, 008
41, 999
41, 896
41,652
41, 571
1,224
1,174
1,129
1,097
1,098
17, 643
17, 637
17, 503
17,314
17, 219
900
901
7,309
7,347
7,412
7,370
7,361
3,
3,683
3,669
890
Transportation and
public
utilities
SURVEY OF CURRENT BUSINESS
May 1947
23
Employees in Nonagricultural Establishments: Revised Data for Page S 9 1—Continued
—
[Thousands of employees]
Without adjustment for seasonal variation
Month and year
Total
1944:
June
July
August
September
October
November
December
ConManustruction facturing
I
Mining
Trade
Trans- Finance,
service,
portation and and miscellanepublic
ous
utilities
Government 2
ManuConstruction facturing
Total 3
Mining
17,140
17,037
16,952
16,809
16, 714
16, 661
16, 712
895
885
886
878
865
859
852
Transportation and
public
utilities
7,374
7,391
7,406
7,422
7,441
7.462
7,486
Trade
7,300
7,280
7,258
7,348
7,515
7,686
8,010
3,853
3,860
3,867
3,846
3,820
3,819
3,816
5,271
5,224
5,209
5, 204
5,146
5,119
5 099
5,976
5,980
6,005
6,066
6,040
6,032
6,348
41, 545
41,391
41,327
41,181
41, 036
41, 014
7,399
3,798
5,169
6,026
41, 480
1,094
17, 111
883
7,399
3,798
7,450
7,423
7,520
7,425
7,470
7,475
7,473
7,482
7,656
7,871
8,118
8,491
3,780
3,811
3,839
3,843
3,858
3,906
3,927
3,922
3,876
3,861
3,912
3,932
5,082
5,081
5,111
5,136
5,166
5,247
5,275
5,290
5,296
5,437
5,534
5,631
6,015
6,023
6,067
6,062
6,066
6,014
6,002
6,008
6,022
5,790
5,668
5,862
41, 260
41,377
41,325
41,131
40,832
40,652
40,261
39,917
38,108
37,990
38,321
38,474
1,044
1,049
1,048
1,051
1,049
1,060
1,072
1,093
1,093
1,109
1,148
1,166
16,808
16,856
16, 783
16, 607
16, 405
16,087
15, 641
15, 217
13,341
13, 267
13,334
13, 297
848
845
844
806
769
843
832
832
833
762
843
855
7,487
7,536
7,558
7,577
7,545
7,551
7,587
7,635
7,733
7,793
7,882
7,936
3,838
3,849
3,858
3,862
3,858
3,867
3,869
3,864
3,876
3,861
3,912
3,952
826
7,654
3,872
5,274
5,967
39,977
1,082
15,302
826
7,654
3,872
864
864
8,056
8,090
3,932
3,943
5,613
5,623
39,057
38, 523
1,192
1,210
13, 547
12, 797
864
864
8,096
8,213
3,992
3,983
8,448
4,023
5,696
5,776
5,954
5,595
40, 712
1,493
14, 365
836
8,448
4,023
41,558
41,473
41,467
41, 355
41. 236
41, 267
41, 841
1,147
1,153
1,157
1,125
1,092
1,057
17,116
17,091
17,085
16. 888
16,758
16,695
16, 747
1945:
January
February
March
April
May
June
July
August
September
October
November
December
41, 480
1,094
17, 111
40,878
40,939
41,094
40,830
40,680
40,648
40,338
40,047
38,256
38,192
38,613
39, 210
950
955
985
1,030
1,059
1,102
1,136
1,170
1,159
1,164
1,171
1,108
16, 753
16,801
16, 728
16,528
16, 292
16,061
15, 693
15,343
13,414
13,307
13,367
13,331
Monthly average
1946:
January
February
39,977
1,082
15, 302
38, 745
38,148
1,085
1,101
13,499
12, 751
Monthly average
40, 712
1,493
14, 365
836
Monthly average
Adjusted for seasonal variation
895
885
878
859
852
848
845
844
806
769
843
832
832
833
762
843
855
41,171
1,092
1,088
1,081
1,061
1,040
1,036
1,031
3,815
3,803
3,810
3,827
3,820
3,819
3,835
1
The estimates without adjustment for seasonal variation are compiled by the U. S. Department of Labor, Bureau of Labor Statistics; the data are adjusted for seasonal variation
by the Board of Governors of the Federal Reserve System. The estimates include all full-time and part-time wage and salaried workers, who worked or received pay during the pay
period ending nearest the 15th of the month. They do not include persons in the armed forces, agriculture, proprietors, self-employed persons, unpaid family workers, nor domestic
servants. Emergency employees (W. P. A., N. Y. A., and C. C. C.) are excluded from all estimates of employment. Persons having more than one employer during a single payroll period are counted more than once. The estimates are based on monthly reports from sample establishments and are adjusted from time to time to "benchmark" data, representing either a complete count or an estimate with a satisfactory degree of accuracy.
The chief purpose of the present revision was to adjust the estimates to 1945 benchmark data made available by unemployment compensation agencies and the Bureau of Old
Age and Survivors Insurance. In addition, revisions have been made in some groups to incorporate greater refinements in methodology and new source material which have become
available. The manufacturing component, previously adjusted to Federal Security Agency data through 1944, has been revised only beginning 1945; data for mining and for transportation and public utilities have been revised beginning 1942 and 1944, respectively; other series have been revised back to January 1939. The construction series is a new type of
estimate which is more consistent with the estimating procedure employed in other industries; in addition, Federal force account construction, which was formerly included in the
construction series, has been transferred to the Government segment. Private force account construction is included with the regular industrial activity of the establishment as in
the old series. Improved data in the small-firm component of the trade and service industries, supplied by the Bureau of Old Age and Survivors Insurance, made possible refinements in these series beginning 1939.
Comparable monthly averages for 1929-38 for manufacturing, mining, and transportation and public utilities are available on p. 24 of the July 1945 Survey; estimates for trade
shown in that table are not entirely consistent with the revised data but could be linked with these data; there are no comparable data prior to 1939 for construction and the finance,
service, and miscellaneous group. Eevised monthly averages (in thousands) for 1929-38 for the Government series are as follows: 1929, 3,066; 1930, 3,202; 1931, 3,269; 1932, 3,225; 1933,
3,168; 1934, 3,298; 1935, 3,477; 1936, 3,662; 1937, 3,751; and 1938, 3,888.
2
Federal, State, and local government. Federal force account construction and Government-operated transportation, public utilities, arsenals, navy yards, etc., are included in
Government employment. Armed forces are excluded.
3
Includes data for finance, service and miscellaneous and Government, not shown separately.
4
Monthly average for the entire year; for monthly data beginning March 1946 see p. S-9.
Department Store Sales—Atlanta Federal Reserve District: Revised Series for Page S-8 1
[1935-39=100]
WITHOUT ADJUSTMENT FOR SEASONAL VARIATION
Month
January
February
March
April
May
June
July
August
September
October
November
December
Annual index
1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944
63
70
80
83
82
80
70
67
87
96
116
161
86 83 68 72 76 74 82
81 83 69 74 80. 80 87
100 98 72 90 83 87 92
109 88 90 93 95 96 98
112 93 83 92 92 95 105
102 85 78 93 87 86 93
84 67 63 71 64 69 71
83 64 63 70 65 68 74
98 76 79 90 87 80 85
126 106 101 114 105 121 115
125 99 103 112 107 116 118
162 136 148 155 152 166 167
88 105
90
85
94
91
95
81
88
88
101
100
91
73
76
93
118
114
177
81
87
98
98
101
90
74
76
98
110
110
173
99 100 100
84 74 69
90 88 73
109 89 86
96 98 88
95 92 87
89 81 76
70 62 58
74 72 63
95 87 69
106 104 86
108 96 80
163 143 118
98
91
79
55 48 61 64 68 83
58 52 71 74 80 91
64 51 87 85 89 109
64 62 79 86 95 104
60 61 77 77 92 105
52 50 67 69 83 89
41 45 54 58 69 73
45 53 59 66 80 84
61 62 78 84 99 108
69 75 85 94 114 119
60 72 89 99 112 no
88 119 143 154 176 175
60
81
92
99
105
96
82
73
82
105
118
115
184
214
236
282
228
238
233
225
244
279
307
348
97 105 103 113 123 145 162 204 244
275
224
220
233
228
240
237
246
246
252
255
264
266
268
62
78
84
58
57
53
59
61
58
64
67
64
67
66
69
75
78
87
79
77
78
76
74
80
76
81
82
80 86 105 102
81 88 101 103
91 93 107 104
81 91 106 99
78 94 107 98
81 97 105 98
82 99 104 104
83 99 105 103
84 99 107 102
84 102 107 106
90 102 100 104
88 101 100 105
84
100
126
115
116
104
87
104
135
132
151
227
11
0
116
131
144
142
120
108
141
158
146
177
252
179
194
221
228
228
199
197
216
257
273
317
417
84
95
108
114
105
96
81
93
116
125
126
210
126
128
156
154
145
124
116
143
171
186
208
287
152
188
171
196
192
175
166
179
218
233
257
336
ADJUSTED FOR SEASONAL VARIATION
January...
FebruaryMarch
April
May
June
July
August
September
October. _.
November
December-
76
83
86
78
81
85
93
92
95
81
98
99
104 100
96 99
101 96
108 90
111 92
109 90
112 89
114 88
107 83
107 90
106 84
100 84
83
82
76
86
82
83
85
86
86
86
87
90
89
87
90
93
91
99
97
96
98
97
95
94
94 91 101 100
93 92 99 99
89 91 93 94
89 92 97 95
91 94 104 99
93 92 101 100
89 96 99 101
89 93 101 101
95 88 93 101
90 103 98 102
91 98 101 101
92 99 99 104
100 103
98 101
100 109
96 96
100 94
100 99
103 98
100 96
102 99
96 92
100 98
102 96
91
99
96
91
91
90
89
91
90
90
88
84
85
82
86
87
86
84
83
80
71
75
73
70
67
64
62
65
60
58
58
57
64
60
55
52
106
108
111
110
107
114
114
113
113
114
114
120
106
115
121
118
119
124
122
124
130
125
131
133
127
135
135
138
145
143
147
160
152
139
152
152
158
145
155
157
152
147
145
163
167
174
173
182
190
214
178
190
202
209
207
204
214
217
214
214
242
251
277
281
277
274
286
290
297
1
Compiled by the Federal Reserve Bank of Atlanta as a part of a general revision in the department store sales indexes computed by the Federal Reserve System; a brief description of the general method used in the computation of the indexes is given in the note to the table presenting the United States index on p. 17 of the December 1944 Survey. The
sample used for the Atlanta district currently includes 94 stores, which accounted for more than 70 percent of the total department store sales in the district in 1939, as shown by
census data for that year. The index is a weighted composite of 13 separate city indexes and "other State" indexes for each of the 6 States in the district, based on daily average
sales. In computing daily average sales, Sundays, Jan. 1, July 4, Labor Day, Thanksgiving, and Christmas are considered nontrading days. For 1946 and 1947 data see pp. S-8
and S-9 of this and earlier issues.
24
SURVEY OF CUEEENT BUSINESS
May 1947
Production-Worker Employment and Pay Rolls in Manufacturing Industries: Revisions for Pages S—9, S—10, S—12, and S-13 l
ESTIMATED NUMBER OF PRODUCTION WORKERS (THOUSANDS)
1945
1946
Kind of business
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Monthly average
Jan.
Feb.
13,783
All manufacturing
Feb.
13,819
13, 739
13, 537
13, 310
13,105
12, 743
12, 431
10, 718
10, 639
10, 692
10, 725
12, 437
10,864
10, 147
11,630
8,194
1,739
733
1,221
716
8,219
1,761
736
1,232
719
8,150
1,762
738
1,226
711
8,001
1,745
731
1,210
706
7,816
1,730
723
1, 194
683
7,582
1,685
713
1,180
662
7,279
1,616
683
1,148
624
6,983
1,547
663
1,116
577
5,362
1,278
460
944
441
5,281
1,279
483
940
477
5, 310
1,296
496
941
544
5,239
1, 337
502
959
402
6,951
1,565
638
1,109
605
5,342
1,358
493
991
431
4,522
877
353
861
430
5,805
1,394
509
1,044
661
2,185
417
508
351
324
5,589
2,157
426
509
355
324
5,600
2,094
432
506
355
326
5,589
2,007
432
496
351
323
5,536
1,879
432
501
351
323
5,494
1, 735
422
502
354
329
5,523
1, 637
399
498
348
326
5,464
1,522
392
496
344
326
5,448
816
312
477
316
318
5,356
691
316
447
320
328
5,358
594
330
454
334
321
5,382
556
336
467
351
329
5,486
1,489
387
488
344
325
5,485
538
343
482
362
344
5,522
484
294
487
370
366
5,625
480
377
549
393
397
5,825
1,109
1,101
1,093
1,072
1,062
1,068
1,047
1,045
1,046
1,051
1,057
1,107
1,072
1,121
1,150
1,187
934
319
1, 050
82
319
940
319
1,038
82
321
944
318
1,024
82
320
930
315
1,025
81
315
915
314
1,021
80
314
912
319
1,046
80
319
865
315
1,110
78
314
888
316
1,121
79
315
896
307
1,201
83
316
912
316
1, 133
86
325
914
323
1, 101
83
330
923
333
1,095
82
339
914
318
1,080
82
321
939
340
1,067
81
345
976
351
1,061
81
352
1,016
356
1,094
86
367
325
688
134
209
326
703
135
209
327
706
136
209
325
704
136
204
327
695
137
200
329
686
138
198
328
661
139
193
333
616
139
189
335
537
134
163
348
527
134
184
359
529
143
191
367
531
144
201
336
632
137
196
372
533
146
206
381
536
142
211
396
534
152
223
Durable goods, t o t a l . . .
iron and steel and their products
Electrical machinery _
._
Machinery, except electrical
Automobiles
__
.
Transportation equipment, except automobiles
.
_ .
__ _
Nonferrous metals and products
Lumber and timber basic products
Furniture and finished lumber productsStone, clay, and glass products
Nondurable goods, total
Textile-mill products and other fiber
manufactures
Apparel and other finished textile products
Leather and leather products
Food and kindred products._
Tobacco manufactures
Paper and allied products
_____
Printing, publishing, and allied industries
Chemicals and allied products.
Products of petroleum and coal
Rubber products __ ____
Monthly average 2
INDEXES OF PRODUCTION-WORKER EMPLOYMENT (1939=100)
155.6
151.7
130.8
129.9
130.5
130.9
151.8
132.6
123.9
142.0
216.4
210.0
201.6
225.7
221.6
227.6
226.9
Durable goods, total _
_
174.5
169.9
163.0
177.7
177.6
176.0
175.4
Iron and steel and their products
275.2
263.7
281.9
284.1
Electrical machinery
278. 9
284.7
282.8
223.4
217.2
225.9
232.1
228.9
231.1
233.1
Machinery except electrical
169.8
164.6
155.0
176.8
175.4
178.7
177.9
Automobiles
Transportation equipment, except auto1, 376. 6 1, 359. 2 1, 319. 5 1, 264. 3 1, 184. 1 1, 093. 3 1, 031. 3
mobiles
184.1
188.3
173. 9
188.7
188.6
185.8
Nonferrous metals and products. __ __ 182.0
118.5
119.5
120.5
119.3
120.9
121.0
118.0
Lumber and timber basic products
106.2
107.0
107.8
108.3
108.2
106.9
Furniture and finished lumber products. 106.9
109.9
111.1
112.2
110.5
109.9
110.4
111.1
Stone clay and glass products
119.9
120.6
119.3
122.2
120.8
122.0
122.0
Nondurable goods, total
Textile-mill products and other fiber
93.4
91.6
92.9
95.6
93.8
96.3
97.0
manufactures
Apparel and other finished textile prod115.5
115.9
109.6
119.5
117.8
118.3
119.1
ucts
90.5
90.9
91.8
90.8
92.0
91.9
91.9
Leather and leather products
_
119.5
122.4
129.9
119.9
119.9
122.9
121.5
Food and kindred products
193. 4
156. 0
255. 8
211.3
143.3
148.5
128.9
177.6
178.6
109.6
146.2
129.0
186.5
177.8
118.5
147.1
130. 7
191.5
178.2
135.2
145.1
134.9
193.6
181.5
99.9
192.5
157.8
246.4
209.9
150.4
147.9
136.9
190.4
187.5
107.2
125.2
88.4
136.1
163.0
106.8
160.8
140.6
196.6
197.6
164.3
958.9
171. 1
118.1
104.7
111.1
118.9
514.0
136.0
113.5
96.2
108.4
116.9
435.3
137.8
106.4
97.5
111.7
117.0
374.2
144.0
107.9
101.8
109.3
117.5
350.1
146.7
111.1
106.9
112.0
119.8
938.4
168.9
116.2
104.9
110.6
119.7
338.7
149.6
114.5
110.5
117.3
120.5
305.1
128.2
116.0
112.7
124.7
122.8
302.7
164.5
130.6
119.9
135. 2
127.2
All manufacturing
168.2
Tobacco manufactures
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Products of petroleum and coal
Rubber products
168.7
167.7
165.2
162.5
160.0
91.4
91.4
91.9
92.4
96.8
93.7
98.0
100.6
103.8
113.5
88.6
140.5
89.5
118.9
115. 6
90.9
132.6
92.2
122.3
115.8
93.1
128. 9
89.2
124.4
116.9
95.9
128.1
87.8
127.8
115.8
91.6
126.4
87.4
120.8
119.0
98.1
124.9
87.0
130.1
123.7
101.1
124.1
87.3
132.5
128.7
102.6
128. C
92.0
138.1
102.2
186.3
126.4
131 9
106.0
182.7
126.7
152.4
109.6
183.6
134.7
158.0
111.9
184.1
135. 7
165.9
102.4
219.3
129.7
161.9
113.3
184.8
137.5
170.2
116.2
185.8
134.2
174.5
120.7
185.3
143.4
184.1
88.2
120.3
88.2
121.0
87.8
120.5
86.8
118.7
85.6
118.2
86.1
120.1
83.4
118.2
112.4
91.0
131.2
84.3
118.7
99.2
238.9
126.8
172.4
99.4
243.8
127.4
172.9
99.6
245.1
128.1
172.6
99.2
244.1
128.3
168.9
99.9
241.3
129. 2
165.8
100.4
238.1
130.3
163.5
100.1
229. 2
131.4
159.4
101.6
213.8
131.3
156.5
INDEXES OF PRODUCTION- -WORKER PAY ROLLS (1939 = 100)
273. 6
228.7
227.7
227.7
231.4
293.4
234.1
214.3
266.4
346. 0
400.4
438. 1
426.4
472.1
476.9
476.7
460. 6
D u r a b l e goods, total
264.0
318.8
301.1
327.6
339.2
336.3
331.7
335.8
Iron a n d steel a n d their p r o d u c t s . __ _
413.8
505. 8
478.0
514.0
537.2
529.0
530.3
534.0
Electrical m a c h i n e r y
351.7
399. 2
420.4
415.8
435.8
442.9
448.8
446.0
M a c h i n e r y , except electrical
190.2
300.2
290.8
262.7
330.8
324.4
337.5
335.4
Automobiles
T r a n s p o r t a t i o n e q u i p m e n t , except automobiles
- 2, 993. 6 2, 912. 7 2, 812. 8 2, 671. 9 2, 460. 6 2, 295. 4 2, 145. 9 1, 805. 8
302.8
324.9
348.8
367. 7
369.9
356. 6
354.2
362. 1
Nonferrous metals and products
207.6
211.8
230.1
221.5
222.1
222.0
L u m b e r a n d t i m b e r basic p r o d u c t s
222.8
217.8
F u r n i t u r e a n d finished l u m b e r prod196.5
179. 1
203.4
200.3
205. 1
202.9
205.3
200.7
UCtS_____ _
190.8
184.6
189.2
194.2
192. 7
193. 7
188.3
186.8
Stone, clay, and glass products
214.9
202.8
219. 1
214.1
219.6
222.2
221.1
220.0
Nondurable goods, total
_
_
252.5
212.5
278.0
294.4
156.6
250. 5
213.4
299. 3
294.3
177.9
248.4
216.8
312.6
293.1
199.1
247.4
227.5
319.5
303.5
140.4
374.7
285. 4
437.6
378.8
253.8
249.9
223.7
313.5
308.5
159.1
204.2
132.6
214.2
264.0
147.6
289.3
242.8
342.4
341.7
262.7
873.9
230.4
202.3
738.8
238.1
186.8
604.4
251.1
182.7
598.0 1, 909. 5
313.7
257.3
186.9
209.5
579.3
262. 5
194.4
509. 4
226.9
205.6
549.1
299.8
253.9
170.7
180.3
205.5
175.8
188.0
205.4
180.4
180.5
207.4
196.0
186.6
215.7
201.1
190.4
218.7
208.9
210.0
224.1
237. £
243. £
244.1
All manufacturing
__
Textile-mill products and other fiber
m anufactures
Apparel and other finished textile products
Leather and leather products
Food and kindred products
_ __
Tobacco manufactures
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Products of petroleum and coal
Rubber products
347.0
347.5
345.7
338.5
324.9
321.8
306.6
178.0
177.3
177.3
172.6
167.9
176.8
172.1
161.5
168. 9
170.4
173.9
187.0
173.6
189.6
202.5
222. C
217.7
166.9
203.0
167.0
201.4
227.3
169.1
197.0
165.6
202.6
232.8
172.9
196.0
166.0
203.3
219.2
170.2
197.0
160.8
201.6
203.9
164.6
196.4
157.2
196.6
207.0
174.4
205. 9
164.5
204.7
190.5
169.3
216.7
151. 9
201.2
178.8
161.1
209.1
149.3
191.9
205.0
161.3
230.1
176.0
203.2
210.0
166.2
219.2
181.7
209.4
204.6
166.5
218.2
172.2
213.6
211.4
180.5
223.8
164.1
221.6
209.0
168.6
209.4
164. 7
204.3
224.2
186.5
218. 3
166.7
224.3
286.1
195.9
214.7
165.2
228.0
262..
201. J
229. (
187.J
250.,
140.5
421.4
222.9
337.9
139.5
429.5
225.5
338.8
141.5
436.0
227.2
314.5
140.9
434.7
233. 7
314.6
142.2
433.9
232. 1
298.3
143.7
427.2
235. 8
302.5
142.5
408.4
240.8
296.6
144.7
366.5
235.8
263.2
152.8
316.3
217.5
228.6
155.9
308.9
203.1
251.1
164.0
306.0
228.6
254.5
169.6
308.3
228.0
271.7
148.2
383.1
227.6
289.4
172.2
310.7
226.7
286.0
177.4
310.7
227.1
287.7
194.8
323. (
Security Agency data and are correct as published on pp. 23-24 of the December 1942 Survey and in the statistical section of subsequent issues.
2 Monthly average for the entire year; for monthly data beginning March 1946, see pp. S-9, S-10, S-12, and S-13.
193.0
188.0
214.0
243/
333..
SURVEY OF CURRENT BUSINESS
May 1947
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CURRENT BUSINESS. That
volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; it
also provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 Supplement are indicated by an asterik(*) and a dagger (f), respectively, the accompanying footnote indicating where
historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer
to adjustment of monthly figures for seasonal variation.
Data subsequent to March for selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
1946
March
April
May-
June
July
1947
August
September
October
Novem- December
ber
January
February
BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
Total income payments
1935-39=100-.
Salaries and wages
_
do
Total nonagricultural income
.do
Total
mil. of dol..
Salaries and wages:
Total
do
Commodity-producing industries...
do
Distributive industries
do
Service industries
_
_
do
Government
-do
Public assistance and other relief
do
Dividends and interest
do
Entrepreneurial income and net rents and royalties
mil. of doL.
Other income payments
do
Total nonagricultural income..
do..
FARM MARKETINGS AND INCOME
Farm marketings, volume: *
Indexes, unadjusted:
Total farm marketings
.1935-39=100..
Crops
do
Livestock and products
do
Indexes, adjusted:
Total farm marketings
...do
Crops
do
Livestock and products
do
Cash farm income, total, including Government payments*
mil. of doL
tncomefrom marketings*.
_
do
Crops*
_do...
Livestock and products*
do
Dairy products* __
do
Meat animals*..
do
Poultry and eggs*
do
Indexes of cash income from marketings:!
Crops and livestock, combined index:
Unadjusted
1935-39=100..
Adjusted
do
Crops
do
Livestock and products
do
263. 0
263. 6
253.7
14, 613
234.7
235.1
230.4
13,199
236.4
239.0
232.6
12, 960
239.7
240.6
233.8
12, 768
240.9
244.1
235.6
14, 478
250.6
249.9
240.0
13,979
252.1
254.1
243.2
13, 481
246.6
254.3
242.7
14, 317
254.5
253.5
243.7
14,673
259.2
256.9
246.8
14,202
261.6
260.1
249.6
15,952
263.6
261.2
251.4
14, 402
9,?T
3,
2
1,
1,
949
39f
609
318
12
1,471
8,360
3,222
2,075
1,476
1,587
94
1,386
8,541
3,318
2,168
1,495
1,560
93
892
3,425
2,228
1,476
1,500
94
558
8,787
3,641
2,176
1,503
1,467
95
2,238
8,845
3,701
2,216
1,537
1,391
96
1,113
8,995
3,878
2,255
1,546
1,316
97
554
9,144
3,928
2,296
1,546
1,374
99
1,455
9,195
3,902
2,323
1,555
1,415
107
9,210
3,867
2,378
1,586
1,379
110
587
9,384
3,895
2,513
1,608
1,368
114
2,395
9,128
3, 857
2,346
1, 596
1,329
117
560
'
'
'
'
'
2,969
778
2,402
957
2,507
927
2,577
910
2,500
858
3,099
826
3,020
815
2,859
760
3,725
753
3, 549
746
3,305
754
3,131
801
' 2, 871
-•747
13,106
12,059
11, 698
11,423
13,178
12,082
11, 684
12,693
12, 239
12,009
14,048
12, 730
12, 059
113
81
137
118
97
134
117
78
146
125
99
145
111
94
125
154
150
158
145
156
136
130
162
106
188
231
155
168
169
166
150
153
148
144
149
'140
r 112
93
'127
152
165
142
149
164
138
131
119
140
159
189
136
131
150
118
155
142
164
139
130
146
111
117
107
142
142
142
156
155
157
154
155
154
166
191
148
' 148
148
r 148
1, 903
1,837
527
1, 310
337
744
225
1,426
1,370
487
883
240
448
190
1,569
1,419
455
964
261
493
190
1,657
1,551
583
968
289
440
209
1,523
1, 469
618
851
299
331
192
2,407
2,271
992
1,279
349
699
202
2,257
2,193
1,021
1,172
340
612
199
2,027
2,014
1,134
880
333
300
227
3,347
3,332
1,829
1,503
346
838
293
2,935
2,922
1,335
1,587
348
939
285
2,493
2,475
1,051
1,424
366
786
261
2, 180
2,144
834
1, 310
3°0
811
174
' 1, 745
' 1, 701
522
' 1,179
••314
••686
174
276
342
293
206
271
243
214
262
267
258
233
284
331
249
221
271
332
226
342
335
311
354
330
313
294
327
303
249
279
227
501
348
346
349
440
367
347
382
372
363
349
374
164
170
181
169
120
142
108
207
139
147
121
184
125
143
251
209
114
162
162
234
382
163
174
190
159
129
144
122
225
132
141
108
187
145
144
243
245
161
161
164
237
392
159
167
175
109
131
142
126
230
128
138
105
180
134
140
228
239
162
160
157
231
383
171
176
194
154
141
146
138
241
137
147
110
191
166
147
237
238
167
162
174
231
389
174
178
203
180
137
144
133
243
150
155
139
193
171
147
239
241
176
159
187
232
396
180
186
210
184
144
152
140
254
159
163
150
204
179
154
261
242
182
166
174
233
395
184
r 191
214
185
147
152
144
261
172
176
161
212
188
155
270
240
188
172
237
235
395
184
191
215
184
142
155
136
268
184
191
167
209
181
158
258
237
185
172
221
240
402
183
192
214
178
139
157
131
271
192
198
176
207
175
155
254
235
187
174
196
244
411
180
188
209
159
129
160
U4
276
197
203
182
'203
161
158
247
235
187
172
210
250
422
' 263.6
' 262. 9
' 253. 0
13, 467
9,171
3, 900
2, 339
1, G04
1, 328
118
560
323
366
370
364
'256
'352
310
'384
' 185
192
218
192
126
161
107
276
203
21 li
183
-•208
148
156
' 185
' 193
219
' 191
' 135
' 167
' 118
'276
' 203
210
' 188
205
'154
'155
255
'233
' 190
171
195
254
'429
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index!
Manufactures!
Durable manufactures!
Iron and steel!
Lumber and products!.._
Furniture!
_
Lumber!
Machinery!
Nonferrous metals and products!
Fabricating*
Smelting and refining*
Stone, clay, and glass products!
Cement
Clay products*.-.
_
Glass containers!
Transportation equipment
Automobiles!§
Nondurable manufactures!
Alcoholic beverages!
Chemicals!
Industrial chemicals*
1935-39=100-.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do.
M86
v 194
P221
P194
v 140
p 166
v 1?6
P278
v LOG
v 191
P!09
157
P155
270
v ?34
v 191
229
181
172
206
'429
ice 1942 are from the Dely 1943 Survey; revised totals
^-ior to 1946 for the breakdown
i ut5 SLIUWJLJ iaier. uaw, uygmuuug iyoy IUI me new series uuuer liiuusinai pumuuuuu. am siiuwii un p. 18 of the December 1943 issue.
,
ata on income payments for 1939-41 see p. 16 of the April 1944 Survey and for 1942-44, p. 20 of the May 1945 issue. For revisions for the indicated
series on industrial production, see pp. 18-20 of the December 1943 issue. Revised data for 1913-41 for the unadjusted index of cash income from farm marketings are available on p. 28
of the May 1943 Survey; the adjusted index vfas revised in the February 1947 Survey (see note in that issue); the indexes of cash income from dairy products, meat animals, poultry
and eggs, published in the Survey through the February 1947 issue, have been discontinued.
741637—47 4
S-2
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
May 1947
1946
1947
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
February
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index—Continued
Unadjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Continued.
Leather and products!
1935-39=100
Leather tanning* ._
do
Shoes
do
Manufactured food products!
do
do
Dairy products!
._ _
Meat packing
do
Processed fruits and vegetables*
do
Paper and products!
do
Paper and pulp!
do
Petroleum and coal products!
do
Coke
do
Petroleum refining!
do
Printing and publishing!.
do
Rubber products!
do
Textiles and products!. __
do
Cotton consumption
do
Rayon deliveries
do
Wool textile production
do
Tobacco products
do
Minerals!do
Fuels!
do
Anthracite!
_ .
do
Bituminous coal!
do
Crude petroleum...
do
Metals
do
Adjusted, combined index!
do
Manufactures
do
Durable manufactures
.
do
Lumber and products
do
Lumber
. . . __
do
Nonferrous metals
do
Smelting and refining*.
do
Stone, clay, and glass products.
do
Cement
do
Clay products*
do
Glass containers
do
Nondurable manufactures
do
Alcoholic beverages
do
Chemicals.. _
do
Leather and products. _ _
do
Leather tanning* „
do
Manufactured food products..
do
Dairy products
do
Meat packing...
do
Processed fruits and vegetables*
do
Paper and products
do
Paper and pulp
do
Petroleum and coal products
do
Petroleum refiningf
do
Printing and publishing .
do
Textiles and products
do
Tobacco products
do
Minerals
do
Metals
do
P140
P127
138
*>84
159
153
134
119
144
139
131
114
142
139
*>134
120
101
146
141
*166
113
127
105
142
137
*160
120
103
142
138
129
221
162
147
245
173
152
'130
145
125
168
138
44
168
173
183
125
117
139
121
192
152
150
251
166
176
232
134
120
156
*122
140
163
148
143
»171
129
219
161
144
249
169
147
99
108
121
10
146
46
165
176
190
130
123
132
108
190
152
148
243
164
169
235
131
115
153
*129
130
165
146
141
126
215
165
149
251
174
164
115
124
125
60
149
62
159
167
175
129
123
128
105
175
127
140
213
161
155
231
127
104
145
P166
120
158
142
138
P163
127
162
161
137
89
126
161
154
104
76
124
165
163
115
63
x>101
129
89
148
143
P171
151
145
P244
P!72
160
270
149
P142
P152
v 113
P163
P151
?82
P 189
P197
P223
v 148
P138
P200
P 191
P218
192
P162
270
P176
P252
P157
P153
149
P152
159
153
142
v 172
158
v 147
p 117
P163
73
P120
127
104
142
137
J»189
84
125
147
142
*174
137
101
94
106
161
P197
154
228
136
131
*178
160
P174
115
211
145
127
239
144
145
150
153
128
159
154
126
172
177
202
129
121
151
140
192
155
147
249
157
176
235
103
99
150
*136
165
175
136
131
^178
129
165
153
139
78
124
145
140
146
103
129
218
165
152
245
174
159
141
149
86
156
153
95
170
176
193
133
127
137
110
190
155
148
240
162
161
233
128
107
139
*129
85
162
146
142
119
100
133
164
*>175
122
255
147
142
P182
165
118
99
131
164
*151
37
315
150
144
»181
166
138
155
147
142
*>182
128
234
168
153
242
181
166
149
151
125
163
149
136
'180
'186
212
137
129
172
161
204
162
150
265
165
227
235
119
101
136
*>143
38
143
150
144
»181
129
163
155
144
107
128
168
157
146
111
123
221
163
149
240
173
161
147
150
120
156
151
132
'178
184
208
135
126
159
150
197
159
150
251
164
174
237
120
101
147
P137
117
98
130
158
123
114
129
158
114
110
117
157
116
113
118
149
122
127
12C
'14C
P120
P96
P95
P95
P107
117
216
152
146
*179
167
181
147
153
147
*>177
152
175
132
150
146
v 178
143
191
102
156
150
*>180
171
157
151
p 185
175
135
234
169
155
248
178
179
147
150
124
160
149
126
'182
188
214
136
127
184
168
200
156
149
250
168
206
238
117
97
146
135
243
174
164
256
181
172
135
140
123
116
150
105
183
191
214
- 142
135
192
175
202
162
150
251
173
213
243
121
110
156
*146
163
160
153
147
P177
141
252
164
141
254
180
138
132
141
121
130
147
76
182
190
211
141
132
197
181
210
177
152
265
174
234
249
115
110
162
v 147
151
170
150
146
v 178
133
247
172
161
'262
171
157
'141
'151
118
173
146
'80
' 189
196
221
142
131
203
183
'219
182
168
278
177
241
'253
116
112
161
P 148
163
157
156
150
P180
13S
'24C
r 173
161
26C
177
16C
'141
15C
107
165
' 15C
' 8c
M8S
' 197
222
' 147
'137
r
203
r 18g
218
'203
164
263
176
223
f
253
119
118
157
P 149
159
137
'157
'151
P 185
130
174
169
136
117
138
164
148
137
111
138
172
158
146
' 117
14C
'173
168
' 146
' 122
P146
115
167
152
146
^ 179
132
169
173
145
111
155
se
MANUFACTURERS' ORDERS, SHIPME NTS,
AND INVENTORIES (VALUE)
193
203
209
233
214
228
228
204
211
249
241
New orders, index, total!
avg. month 1939 = 100..
'240
253
203
219
224
254
248
231
229
232
Durable goods industries
254
271
270
293
do
285
221
240
231
267
274
252
281
223
250
309
294
'295
Iron and steel and their products
32C
do .
240
269
297
331
295
292
321
318
314
338
'308
326
346
Machinery, including electrical _.
do
155
157
159
173
173
186
161
153
166
217
204
224
'215
Other durable goods._ _
do
188
194
221
200
212
215
203
198
188
227
'222
228
Nondurable goods industries
223
do
197
206
208
209
206
222
240
244
267
288
'274
276
290
Shipments, index, total!
do
183
203
207
262
259
312
212
278
216
233
'292
292
Durable goods industries
311
do
134
142
235
98
217
126
169
216
188
275
'246
Automobiles and equipment. _. .
255
267
do
174
178
229
186
228
237
187
197
212
258
232
252
246
Iron and steel and their products
do....
202
233
222
289
287
315
257
364
255
240
'326
346
367
do
Machinery, including electrical
167
185
186
241
276
289
319
206
358
210
340
'335
365
Nonferrous metals and products
do
504
554
547
531
506
503
535
497
457
547
'572
561
567
Transportation equipment (exc. autos)... . do .
199
211
223
247
263
291
270
220
211
230
29C
271
283
Other durable goods industries._ _
do
209
206
227
231
272
208
199
260
206
216
266
'260
Nondurable goods industries..
275
do .
221
221
215
224
223
250
278
208
198
206
264
255
27£
Chemicals and allied products
do
216
213
210
248
304
244
306
209
220
253
'291
306
31C
Food and kindred products
do
196
200
222
225
do
269
206
185
242
198
208
274
Paper and allied products
248
'255
167
173
181
209
22$
193
203
219
230
185
196
'224
Products of petroleum and coal
...do
232
260
282
288
333
293
282
311
313
290
Rubber products
Hn
352
268
195
197
207
207
217
c)n
174
221
223
180
22*
Textile-mill products
208
219
'213
203
264
208
208
220
199
186
193
218
240
'254
267
251
Other nondurable goods industries
do
Inventories:
169
Index, total
dn
169
170
197
217
181
186
190
200
173
' 209
213
204
184
238
181
182
195
211
215
189
200
206
232
Durable goods industries
do _
'226
220
210
222
223
234
245
252
258
263
259
293
'269
282
256
Automobiles and equipment
.do
122
120
120
128
134
137
143
124
131
137
140
138
Iron and steel and their products .
do
143
241
236
245
316
256
261
284
251
268
276
Machinery, including electrical!
do_ __
299
290
306
145
184
145
149
152
157
163
167
167
182
161
'179
Nonferrous metals and products*
.do
166
615
593
642
907
615
626
739
781
684
708
'816
861
819
Transportation equipment (exc. autos)
do
124
132
123
165
125
128
136
144
147
'156
141
153
159
Other durable goods industries!
do
* Revised. » Preliminary. X Index is in process of revision.
•New series. Data beginning 1939 for the new series under industrial production are shown on pp. 18 and 19 of the December 1943 Survey. For 1938-45 data for the index of inventories for nonferrous metals and their products, see p. 22 of the August 1946 Survey.
! Revised series. For revisions for the indicated unadjusted indexes and all seasonally adjusted indexes shown above for the industrial production series, see pp. 18-20 of the December 1943 Survey. Seasonal adjustment factors for a number of industries included in the industrial production series shown in the Survey were fixed at 100 beginning various
months from January 1939 to July 1942; data for these industries are shown only in the unadjusted series as the "adjusted" indexes are the same as the unadjusted. Data for 1939-44
for the revised indexes of new orders and shipments, except combined indexes for machinery, are shown on p. 23 of the July 1946 Survey, and combined indexes for machinery for
these series and for inventories for 1938-45 are on p. 22 of the August 1946 issue; revised figures through August 1945 for inventories of "other durable goods industries," superseding
figures in the August 1946 Survey, will be published later.
May 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
1946
1947
March
April
May
1947
August
July
June
September
October
Novem- December
ber
January
February
BUSINESS INDEXES—Continued
MANUFACTURERS* ORDERS, SHIPMENTS,
AND INVENTORIES (VALUE)-Continued
Inventories—Continued.
Index—Continued.
198
Nondurable goods.._.
avg. month 1939 = 100..
211
Chemicals and allied products.
do
201
Food and kindred products
. . do
195
Paper and allied products
. do
Petroleum refining
do
135
Rubber products .
_
_ do
Textile-mill products
do
183
221
Other nondurable goods industries f
-do
Estimated value of manufacturers' inventories*
mil. of dol_. 21, 554
159
166
161
163
114
186
148
177
159
167
157
162
114
199
153
174
158
165
153
160
116
196
157
174
158
166
150
164
118
192
156
176
169
170
180
171
120
195
164
182
173
171
183
178
124
198
168
186
176
174
184
181
129
204
171
189
184
180
195
183
132
212
174
200
187
185
199
183
134
215
173
207
16,829
16, 837
16, 934
17,175
18, 010
18, 466
18,886
19, 533
19,896
20, 259
r
195
••199
r
206
r
187
r
134
238
r
177
r217
190
195
202
185
133
216
174
208
r
197
205
204
192
133
178
221
20,805 ' 21,180
NEW PLANT AND EQUIPMENT
EXPENDITURES*
All industries total
Electric and gas utilities
Manufacturing and mining
Railroad
Commercial and miscellaneous
mil. of dol
do
do
do
do
3,440
350
1,780
210
1,100
r
r
' 2,800
230
1,530
130
r
910
2, 200
180
1,210
100
'710
r
r
3,310
280
1,810
160
1,060
3, 730
'360
« 1,920
•r
180
r
1, 270
BUSINESS POPULATION
OPERATING BUSINESSES AND BUS1[NESS
TURN-OVER*
(17. S. Department of Commerce)
Operating businesses, total, end of quarter...thoiisands
do
Contract construction
Manufacturing
do
Retail trade
do
Wholesale trade
do
Service industries
_.
._ ..do
All other
do
New businesses, quarterly
..do
Discontinued businesses, quarterly
do
do_
Business transfers, quarterly
3,494. 7
232.2
287.8
1, 614.5
160.1
661.2
538.8
168.7
43.1
103.3
3, 369.1
214.1
276.5
1, 554.7
152.9
641.3
529.7
187.6
42.6
137.3
* 3,599.3
p 242. 9
P 296. 7
»1, 670.4
p 166. 2
P 677. 5
p 545. 7
P 149. 9
J>45.2
P 108. 3
INDUSTRIAL AND COMMERCIAL FAILURES
(Dun and Bradstreet)
Grand total
number
Commercial service
_ do
Construction
do
Manufacturing and mining
do
Retail trade
do
Wholesale trade
_.
Liabilities, grand total
_.
thous. of dol
Commercial service
..do
Construction
do
M anufacturing and mining
do
Retail trade
do
Wholesale trade
_
_ . . _ do
86
8
10
81
5
7
92
13
8
10
10
4,421
3,785
41
26
4
3,656
902
436
40
133
60
191
2,066
1,323
41
17
34
25
2,285
2,734
269
529
249
629
4,774
4,843
69
74
7
9
3
13
25
24
36
17
4
5
3,006
3,434
7
262
413
162
1,996
1,948
16
661
80
4,634
4,388
92
12
12
96
11
17
32
28
8
4,877
835
76
37
26
5
3,799
459
516
2,113
297
414
3,946
3,550
311
123
11
14
60
21
17
6,400
147
500
104
13
9
141
14
18
38
36
58
35
8
16
12,511
3,202
202
17
15
67
76
27
238
22
20
92
70
34
17,105
15,193
12,976
582
575
651
766
1,368
2,510
4,975
8,492
136
801
266
367
321
352
426
392
289
7,217
1,025
7,796
11,020
1 674
1,342
7,654
1 396
2,509
3,399
3,771
3,068
3,561
4,202
3,018
BUSINESS INCORPORATIONS
New incorporations (4 states)
number..
3,299
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
U. S. Department of Agriculture
212
244
209
211
249
264
218
273
280
243
263
260
262
Prices received, all farm products!
.1909-14=100. _
236
244
215
232
220
240
266
215
245
223
230
233
236
Crops
do
235
185
207
218
220
224
185
198
200
215
203
283
223
Food grain
do
212
221
222
185
171
188
195
244
225
187
186
171
184
Feed grain and hay
do
368
369
369
399
390
388
396
367
410
406
390
370
399
Tobacco
do
246
285
304
236
190
194
210
249
271
242
240
257
183
Cotton
do
203
208
229
244
248
249
261
210
186
211
203
215
196
Fruit
do
275
299
154
151
207
166
238
283
282
177
185
163
162
Truck crops
do
334
236
255
342
334
208
210
214
219
242
242
360
336
Oil-bearing crops
do
278
299
205
294
207
247
292
250
294
213
203
263
281
Livestock and products
do
319
249
318
313
311
219
225
226
230
268
294
30f>
345
Meat animals
do
270
271
300
199
198
245
307
312
292
207
257
269
201
Dairy products
_.
do
192
221
257
166
173
178
196
199
230
226
167
199
201
Poultry and eggs
do
Prices paid:*
192
209
188
218
224
196
214
187
210
234
240
225
227
All commodities
1910-14=100
214
221
217
231
239
195
197
242
252
239
194
201
248
Commodities used in living
do
202
178
202
204
204
185
200
190
207
207
224
177
215
Commodities used in production
do
200
207
212
181
185
188
199
204
213
221
227
215
180
All commodities, interest and taxes
do
122
132
114
124
116
122
117
123
124
121
116
119
123
Parity ratio*
do
» Revised. » Preliminary.
* New series. For estimated value of manufacturers' inventories for 1938-42, see p. 7 of the June 1942 Survey and p. S-2 of the May 1943 issue. For data prior to 1945 for the
series on operating businesses and business turnover, see pp. 21-23 of the May 1946 Survey and p. 10 of the May 1944 issue. The series on new plant and equipment expenditures are
complied by the Securities and Exchange Commission and the U. S. Department of Commerce and are estimated quarterly totals for all private industry, excluding agriculture, based
on reports from a sample including most of the corporations registered with the Commission and a large sample of unregistered manufacturing companies; data for 1946 are reported
actual expenditures; first quarter figures for 1947 are reported anticipated expenditures. The series on prices paid by farmers and the parity ratio are from the U. S. Department of
Agriculture; the latter is the ratio of prices received by farmers to prices paid, interest and taxes.
t Revised series. Revised figures for 1938-August 1945 for inventories of "other nondurable goods industries" will be shown later. Indexes of prices received by farmers for 191345 are shown on pp. 17-19 of the April 1947 Survey; data for April 15,1947, are as follows: Total 276; crops, 269; food grain, 277; feed grain and hay, 223; tobacco, 387; cotton, 260; fruit,
223; truck crops, 295; oil-bearing crops, 358; livestock and products, 282; meat animals, 331; dairy, 257; poultry and eggs, 204.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
March
May 1947
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
February
COMMODITY PRICES—Continued
RETAIL PRICES
Consumers' price index:§
National Industrial Conference Board'4
Combined index
1923=100..
Clothing._.
—
do....
Food
do
Fuel and light
do....
Housing
do—
Sundries.
do—
TJ. S. Department of Labor:
Combined index
1935-39=100.
Clothing
do....
Food
do—
Cereals and bakery products*
do—
Dairy products*
__do—
Fruits and vegetables*
do....
Meats* •
do....
Fuel, electricity, and ice
do—
Gas and electricity*
do—
Other fuels and ice*
do—
Housefurnishings
do—
Eent 1
do..-.
Miscellaneous
do—
U. S. Department of Commerce index
F All commodities*
1935-39=100..
U.S. Department of Labor indexes:
Anthracite
1923-25=100..
Bituminous coal
do—
Fairchild's index:
Combined index..
...Dec. 31,1930=100..
Apparel:
Infants'
do—
Men's..
_
do—
Women's. _
_
do—
Home furnishings
do—
Piece goods.
__.
_
do—
108.2
96.4
116.2
97.3
91.0
117.6
106.7
94.8
113.8
97.4
91.0
115.9
156. 3
184.3
189.5
148.1
187.5
199.6
207.6
117.6
92.2
142.5
182.3
109.0
138.2
130.2
153.1
140.1
110.3
137.0
183.4
131.3
110.5
92.9
127.7
150.2
108.4
125.9
176.9
143.7
114.7
99.7
131.4
122.9
105.9
; 148.9
100.4
91.0
125.3
91.0
120.2
141.2
158. 7
165.7
126.1
179.1
188.4
173.7
113.3
92.1
133.8
157.9
127.2
133.3
157. 2
145.6
122.1
147.8
183.5
134.0
110.5
92.1
128.4
156.1
108.5
127.9
145.9
165.9
174.1
137.3
186.6
176.4
188.5
114.4
91.7
136.5
165.6
108.8
129.9
148.6
168.1
180.0
138.5
202.4
176.5
190.7
114.4
91.6
136.6
168.5
152.2
171.0
187.7
140.6
198.5
184.5
203 6
114.8
91.8
137.2
171.0
153.3
176.5
185.9
141.6
200.9
185.0
197.8
115.5
92.0
138.3
177.1
128.2
144.1
161.2
171.2
135.4
180.1
178.3
186.6
113.7
91.8
135.0
160.0
108.7
129.8
144.8
145.7
147.7
131.0
132.5
136.1
156.3
159.8
164.3
167.2
171.5
108.6
108.6
108.5
108.6
108.7
109.0
108.8
111.0
117.9
114.3
118.0
114.4
119.8
116.2
119.6
116.4
119.6
116.5
123.5
113.6
113.7
120.9
121.1
120.2
129.9
121.4
108.2
105.3
113.7
115. 9
112.0
108.1
105.7
113.7
116.2
112.2
114.5
114.7
115.1
116.0
116.7
117.8
108.1
106.2
114.7
117.0
113.1
108.1
106.2
115.0
117.2
113.3
108.2
106.6
115.7
117.4
113.3
109.1
108.0
116.6
118.7
113.5
110.3
109.1
117.5
119.8
113.9
110.4
110.0
118.2
121.3
114.3
131.1
154.5
141.7
113.3
137.4
185.9
132.8
110.4
92.6
127.8
152.0
131.7
155.7
142.6
115.2
138.6
185.7
133.5
110.3
92.2
127.8
153.7
126.7
' 153. 2
'181.5
182.3
144.1
183.2
191.7
196.7
117. 5
92.2
' 142. 3
' 180.8
108.9
' 137.4
172.7
'153.3
' 179. 0
183.8
143.4
190.1
187.9
199.0
117.3
91.9
' 142. 1
' 179.1
108.8
' 137. 1
172.7
119.6
117.6
121.7
'121.9
121.7
122.2
119.0
120.7
122.1
122.9
111.3
111.5
118.3
124.3
116.1
117.2
118.4
117.7
119.5
127.9
117.5
120.0
119.3
120.1
129.1
120.2
118.5
126.4
118.2
172.7
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (889 series)<?
.1926=100..
134.1
129.1
140.9
108.9
110.2
112.9
124.7
111.0
124.0
139.7
149.6
141.5
144.6
Economic classes:
123.9
107.3
105.5
118.9
106.1
129.6
117.2
135.7
104.5
134.7
143.5
Manufactured productsd*
-do
136.7
139.9
126.3
122.2
141.7
123.6
148.7
145.7
141.4
153.2
120.5
153.4
163.2
Raw materials
do
152.1
154.9
105.7
101.1
110.2
101.9
118.2
111.9
115.0
136.2
100.4
129.1
145.9
Semimanufactured articles
-do
138.8
142.1
140.1
135.4
157.0
137.5
165.3
161.0
154.3
168.1
133.4
169.8
182.6
Farm products
do
165.0
170.4
151.8
137.0
181.4
148.1
174.2
169.0
170.6
163.0
136.7
165.4
203.3
Grains
do
162.6
171.1
137.4
135.1
162.9
134.9
174.6
177.6
150.4
194.7
133.5
197.4
216.0
Livestock and poultry
do
189.6
201.5
106.7
104.5
117.5
105.1
127.1
121.9
117.2
134.8
103.4
132.9
142.2
Commodities other than farm products©*
do
136.1
138.8
112.9
110.8
140.2
111.5
157.9
149.0
131.9
160.1
109.4
165.4
167.6
Foods
do...
156.2
162.0
101.7
99.4
124.9
100.3
128.5
124.7
127.4
139.5
96.2
136.1
150.4
Cereal products
do
139.9
141.3
127.3
116.3
156.9
117.0
185.5
161.8
169.1
180.0
116.1
182.9
157.6
164.6
161.8
Dairy products
_
-do—
136.1
138.2
130.0
140.6
122.5
120.4
115.5
134.5
133.1
139.5
141.5
131.6
134.2
Fruits and vegetables
do—
110.1
110.3
169.9
110.5
191.4
198.1
131.3
188.2
109.6
202.8
207.3
183.4
199.5
Meats
do—
Commodities other than farm products and foodsrd"1
105.6
124.7
103.3
109.5
102.2
103.9
111.6
112.2
115.8
120.7
131. 3
1926=100-127.6
128.6
129.9
157.8
126.5
132.1
124.9
127.8
132.7
133.8
134.8
145.5
177.5
Building materials
-do.
169.7
174.8
121.3
130.0
119.9
122.5
117.4
120.5
126.0
127.8
127.8
129.1
132.4
132.3
Brick and tile
-do.
132.2
102. 6
106.9
102.4
104.0
102.3
102.6
112.3
105.8
106.5
106.5
107.0
109.9
Cement..
.do.
108.3
176.0
171.4
177.3
269.3
107. 6
172. 5
177.6
178.2
178.9
192.1
263.6
Lumber
.do.
249.9
176.1
108.6
108.0
114.9
107.8
108.2
113.9
116.7
119.2
151.3
'155.4
173.9
Paint and paint materials
._.
-do.
171.2
132.2
96.4
96.1
99.3
96.0
96.5
98.4
98.4
129.3
99.9
118.9
125.7
128.1
Chemicals and allied productsf
do.
114.5
98.0
97.1
98.5
97.0
97.9
113.8
98.4
98.6
98.8
106.9
111.8
112.7
Chemicals
do.
182.7
109.4
112.4
112.6
182.5
111.7
112.4
110.1
110.3
111.5
152.8
181.2
181.7
Drugs and Pharmaceuticals t
-do.
101.8
82.7
81.9
88.2
81.9
8J.9
94.4
90.2
91.9
96.3
95.1
99.9
99.2
Fertilizer materials
do.
231.5
102.1
102.1
114.2
102.1
102.1
102.5
103.3
111.1
191.0
203.0
214.3
210.6
Oils and fats
do.
100.8
87.8
86.1
90.3
85.0
86.1
94.4
94.3
94.2
94.5
96.1
97.9
97.7
Fuel and lighting materials
do.
67.2
b6.6
65.6
68 3
67.0
63.9
64.7
64.1
65.2
65.8
Electricity
do.
79. b
79.7
80.7
79.6
80.2
79.5
80.6
80.8
84.4
83.1
84.3
Gas
do.
64.0
62.8
65.1
61.2
63.5
81.7
72.8
73.0
73.1
73.4
75.8
76.5
76.6
Petroleum products.
-do.
122.4
119.8
141.2
119.8
120.4
174.6
138.9
141.6
142.4
172.5
176.7
175.1
173.8
Hides and leather products
do.
121.5
117.6
169.3
117.6
120.7
192.2
155. 8
151.5
153. 0
221.0
216.5
198.5
191.4
Hides and skins
do.
110.7
104.0
133.2
104.0
104.0
183.7
133.3
138.5
138.5
178.1
185. 0
181.6
181.1
Leather
do.
129.5
128.6
140.4
128.6
128,9
171.5
140.1
144.8
145.2
162.9
169.9
170.6
171.5
Shoes
do
110.4
107.5
111.9
106.9
108.3
125.8
112.6
113.6
115.3
118.2
120.2
123.3
124.6
Housefurnishing goods.
do.
114.5
112.1
117. 3
110.9
113.4
131.4
118.5
119.4
121.3
124.4
126.3
128.4
129. 6
Furnishings
do.
106.1
102.9
106.4
102.9
102.9
120.0
106.6
107.5
109.2
111.8
113.9
118.2
119.5
Furniture
do.
112.2
108.8
113.3
108.4
109.4
140.6
114.0
114.2
125.8
130. 2
134.7
138.0
138.6
Metals and metal products©"
...do.
110.1
107.4
111.3
107.0
107.8
126.9
113.3
113.5
113.7
114.0
117.4
123.9
125.0
Iron and steel
do.
99.2
87.1
102.7
86.1
89.0
139.0
101.4
101.4
101.8
118.4
129.3
130.5
131.3
Metals, nonferrous
do.
106.0
100.8
10(5.0
95.1
100.8
117.9
106.3
107.2
107.2
107.2
114.9
117.0
117.1
Plumbing and heating equipmentdo.
109.2
107.9
118.1
104.7
108.8
139.6
124. 0
125. 7
128.6
131.6
134.7
136.6
138.0
Textile products
_
do.
120. 3
117.4
120.5
109.5
119.6
133.0
122. 8
122.9
125.5
127.9
129.8
132.4
132.7
Clothing
do.
139.4
137.6
148.6
132.9
138.6
196.6
160.0
166.6
172.9
174.7
181.6
184.6
193.7
Cotton goods
do.
75.8
75.5
76.3
75.5
75.7
100.8
87.7
88.7
88.8
89.3
96.9
99.3
100.0
Hosiery and underwear
do.
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
32.0
33.8
37.0
37.0
33.8
Rayon
do.
126.7
134.8
126.5
125.7
115.0
103. 2
73.2
80.2
101.2
Silk....
do.
0)
0)
0)
112.7
112.8
113.9
116.6
117.7
119.0
127.5
112.7
121.9
120.8
Woolen and worsted goods
..do.
112.7
112.7
112.7
101.3
102.0
102.1
104.0
106.5
108.9
115.3
98.5
110.9
110.3
Miscellaneous
do.
95.6
95.7
97.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
Automobile tires and tubes _ _
do.
73.0
73.0
73.0
73.0
117.1
119.6
121.9
124.6
127.7
136.4
143.4
145.1
115.6
Paper and pulp
do.
141.9
113.7
113.9
115.3
Wholesale prices, actual. (See respective commodities.)
r
l
Revised..
Not available.
§Formerly designated "cost of living index."
JFor revised 1943 data see p. 20,, of April 1946 Survey..
t
ble.
§ y
g
g
J
p.
p l
uey
^Current i
^ C t prices of motor vehicles were introduced into th calculation b i i
f
t
hil
i t d d i t the l l t i
beginning O t
Octover 19*6: April 1942 prices were carried f d
196 A i l
i
id forward iin earlier computations (see explanation in
January 1947 Survey); if April 1942 prices had been used in October 1946-March 1947 calculations, indexes would have been as follows: All commodities, 132.5, 137.9, 139.0, 139.5, 142.6,
147.6; manufactured products, 127.0, 131.7, 132.5,133.5, 136.7, 140.2* commodities other than farm products, 125.1,130.7,132.4, 133.7,136.3,139.8; commodities other than farm products
and foods, 113.2, 117.8, 121.6, 124.4, 125.5, 128.1; metals and metal products, 114.3, 117.0, 120.5, 123.7, 124.3, 126.3.
• In May, June, September and October, it was impossible to obtain adequate samples for some meats in a number of cities; in such cases, the latest available prices were carried
forward in the index; July index reflects full price change from mid-April and November index, full price change from mid-August.
^Data for 1947 are estimated, based on a survey of rents in 5 cities in January and 6 in February and Marrh; see note in February 1947 issue regarding earlier data.
*New series. For a description of the Department of Commerce index of retail prices of all commodities, see p. 28 of the August 1943 Survey; and for revised figures for 1929,1933,
and 1935-44, p. 31 of February 1946 Survey. Data for 1923-45 for the indexes of retail prices of the food sub-groups are shown on p. 16 of the November 1946 Survey. Data beginning
1935 for the indexes of retail prices of "gas and electricity" and "other fuels and ice" will be published later.
tRevised series. For revised data for 1941-43 for the indicated series on wholesale prices, see p. 23 of the November 1945 Survey.
SUKVEY OF CUKKENT BUSINESS
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
1947
March
S-5
March
April
May
June
July
August
September
October
Norem- December
ber
January
February
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
Consumers' prices
Retail food prices
Prices received by farmers!
_
1935-39=100..
do
_do
do
53.7
64.0
52.7
38.0
73.8
76.8
71.3
50.9
73.0
76.3
70.5
50.2
72.5
75.9
70.0
50.4
71.3
75.0
68.6
48.9
64.8
70.9
60.3
43.6
62.3
69.6
58.3
42.8
64.8
68.5
57.3
43.8
60.0
67.4
55.5
39.0
57.6
65.9
53.2
40.4
67.1
65.2
53.7
40.3
56.9
'65.2
54.3
41.0
55.7
'65.3
54.8
40.7
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total
_
mil. of dol.
Private, total
_
___do___
Residential (nonfarm)
do...
Nonresidential building, except farm and public
utility, total
mil. of dol.
Industrial
.do...
Farm construction
_
..do
Public utility.
do...
Public construction, total
do...
Residential.
do...
Military and naval
do
Nonresidential building, total
do___
Industrial
do...
Highway
.do...
Allother
.do...
786
616
260
601
500
195
707
587
244
816
670
288
904
732
317
987
772
329
1,054
807
345
1,050
784
340
1,053
771
330
972
730
320
882
688
297
'800
634
273
'745
'594
'247
246
146
20
90
170
24
12
28
3
55
51
231
113
14
60
101
10
13
23
7
26
29
257
119
20
66
120
12
15
22
6
37
34
282
128
30
70
146
21
14
23
6
49
39
304
138
40
71
172
23
14
26
6
63
46
317
149
50
76
215
32
14
30
6
81
58
321
159
60
81
247
42
18
32
7
91
64
315
167
50
79
266
54
16
35
9
93
318
171
40
83
282
66
20
32
65
308
171
20
82
242
68
17
27
7
76
54
296
166
10
85
194
51
16
23
5
57
47
275
159
10
76
'166
'38
'12
'26
5
47
'43
260
152
10
77
'151
'32
12
'22
'3
'46
'39
194
201
170
172
203
211
169
179
201
195
174
177
179
162
165
161
164
155
158
157
152
147
151
147
138
136
145
140
125
118
139
122
125
122
154
143
120
119
146
144
'131
'135
'151
'152
52,733
734,911
127,016
607,895
63,188 ' 48,265 36,523
952,418 807,914 717,991
196,832 214,534 201,645
755,586 593,380 516,346
40,101
679,909
204,817
475,092
36,702 33,342 27,149
619,857 573,206 503,745
186,882 133,806 130,329
432,975 439,400 373,416
4,769
41,676
236,182
4,878
45,285
290,963
4,108
33,080
211,530
3,648
3,696
25,929 33,932
169,127 225,355
3,609
23,708
160,871
2,857
3,096
19, 656 25,700
148,014 200,312
46,652
65,530
370,590
56,264 ' 41,574 31,112
74, 992 51,533 45,327
463,600 332,248 281,227
33,727 31,458 28,128
45,145 47,121 36,910
284,025 293,831 235,068
22,251
33,530
221,113
21, 704 23,593 20,440
29, 975 39, 279 32, 469
193,365 257,419 208,391
1,039
95,964
1,684
156,626
1,950
154,009
1,537
121,149
2,008
153,456
1,557
107,941
273
32,175
362
41,229
384
48,450
292
31,980
258
30,898
310.6
278.0
252.8
283.7
240.5
363.4
140.7
222.9
212.2
331.3
116.6
191.9
210.4
303.4
136.7
192.4
218.7
321.2
135.8
203.1
84,000
56, 610
45, 276
38, 975
2,621
3,680
11,334
85,100
58, 258
43, 557
35, 825
3,283
4,449
14, 701
76, 900
52, 235
38,130
31, 388
2,156
4,586
14,105
C O N T R A C T A W A R D S , P E R M I T S , AND
DWELLING UNITS PROVIDED
Value of contracts awarded ( F . R . indexes):
*>134
Total, unadjusted
1923-25=100.
148
P 142
Residential, unadjusted
do___
135
*132
Total, adjusted
_
...do_._
147
*>136
Residential, adjusted
_do___
129
Contract awards, 37 States ( F . W. Dodge Corp.):
32, 268
42,573
Total projects
.number.
Total valuation
thous. of dol. 596, 755 697,593
143,316 146,404
Public ownership
do
453,439 551,189
Private ownership
do
Nonresidential buildings:
3,670
Projects
number..
7,416
22, 242
Floor a r e a . . .
thous. of s q . f t . .
50,631
Valuation
.thous. of dol.. 191,903 278, 725
Residential buildings:
27, 414
Projects
number..
34,066
42,991
Floor area
thous. of sq. ft..
49,198
Valuation
_
-thous. of dol.. 282,881 275,241
Public works:
918
Projects
.number..
815
77,926 120,230
Valuation
thous. of dol.
Utilities:
266
Projects
number..
276
44, 045
Valuation
.thous. of dol_.
23,397
Indexes of building construction, based on building
permits (U. S. Dept. of Labor): f
r
N u m b e r of new dwelling units provided. 1935-39=100.
218.0
332. 5
Permit valuation:
' 424. 7
Total building construction
_
do
217.5
'423.5
New residential buildings
._.do
309.0
r
434.4
New nonresidential buildings
do
140.5
- 402. 5
•
Additions, alterations, and repairs
do
211.5
Estimated number of new dwelling units in nonfarm
areas (U. S. Dept. of Labor):
Total nonfarm*n u m b e r . . 61, 700
86,100
37,799
57, 665
Urban, total t
do
37, 308 50, 733
Privately financed, total
_
do
30, 721 41, 797
1-family dwellings
...do
2,492
2,651
2-family dwellings..
do
4,095
6, 285
Multifamily dwellings
do
491 ' 6, 932
Publicly financed, total.
_
do
Engineering construction:
Contract awards (E. N . R.)§
thous. of d o l . . 400, 415 383, 981
536,190
4,357
41,370
273,207
3,582
42,457
283,635
25, 536 27,619 24,321
457, 278 571,628 442,197
108, 920 166, 672 95, 770
348, 358 404,956 346,427
3,006
21,488
143, 258
1,018
82,626
746
62, 652
681
80, 721
665
59,806
239
48,458
1,271
75,535
247
37,248
271
39,135
229
53, 247
249
33,176
210
30,742
317.6
248.3
215.7
165.3
123.2
146.4
156.1
235.4
378.7
119.4
215.9
194.6
288.0
115.9
188.4
191.4
286.2
108.4
192.9
153.2
222.5
99.2
137.3
129.4
162.0
97.0
140.0
151.8
196.7
107.7
164.8
' 158.3
207.6
r
111.5
r
168.9
79, 000
52, 227
37, 966
31,170
1,980
4,816
14, 261
81, 800
55, 407
38, 660
32, 921
1,943
3,796
16, 747
65, 500
42, 775
35,044
29,335
2,050
3,659
7,731
60,200
37, 401
36, 067
29, 576
1,899
4,592
1,334
46,600
28, 661
28, 539
23,747
1,594
3,198
122
35,200
21, 369
21, 369
17, 469
977
2,923
0
41,000
25, 383
24, 299
20, 537
1,496
2,266
' 1,102
44,400
27,074
27,074
22,156
1,615
3,303
0
560, 244 555, 469 536,594
541,325
373, 056 448, 457 275,825
352, 855 430, 970 356,491
HIGHWAY CONSTRUCTION
Concrete pavement contract awards: X
Total
thous. of sq. yd_.
Airports
__
__
...do
Roads
do
Streets and alleys
do
2,438
52
1,578
2,906
70
2,211
626
304
258
4,283
416
2,889
978
5,152
99
3,355
1,698
4,585
747
2,735
1,103
3,345
385
1,687
1,274
3,731
66
2,055
1,609
3,382
490
1,678
1,214
3,182
104
1,957
1,121
3,239
138
1,970
1,130
2,306
55
1,661
590
1,343
26
606
711
1,463
1
1,081
382
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
American Appraisal Co.:
Average, 30 cities.
Atlanta
New York
San Francisco
St. Louis
1914=100..
270
287
300
404
294
303
310
317
326
342
335
347
352
371
381
390
314
434
325
332
337
346
360
367
372
377
399
410
419
__
298
313
420
318
324
332
341
347
353
356
375
403
273
_
279
283
379
308
294
313
320
323
317
343
353
364
296
300
316
396
309
323
337
344
332
367
375
383
' Revised, v Preliminary. § Data for May, August, and October 1946 and January 1947 are for 5 weeks; other months, 4 weeks.
% Based on weekly data combined into 4- and 5-week periods except that a week falling in December and January is prorated; see note in February 1947 Survey.
* New series. Estimates of total nonfarm dwelling units for 1910-44 are shown on p. 15 of the November 1946 Survey. The data on new construction activity since the beginnin g
of 1944 are joint estimates of the U. S. Departments of Commerce and Labor; there have been revisions in the data for several components as published prior to the April 1947 Survey;
monthly data for January 1939-January 1946 and annual estimates for 1915-46 are available upon request.
t The index of purchasing power of the dollar based on prices received by farmers has been shown on a revised basis beginning in the April 1944 Survey. Revisions for the indexes
of building construction for January 1940-December 1945 are available on request. Data for 1920-44 for the number of new dwelling units are shown on p. 15 of the November 1946
Survey 0-^ee note in February 1947 Survey with regard to January and February 1945 figures). Since early 1945 data for new dwelling units and the indexes of building construction
above should be considered volume of construction for which permits were issued or contracts awarded rather than volume started, as in normal years, since shortages of building
materials and limiting orders have caused considerable delays in the start of construction or, in some cases, abandonment of the work.
1913=100..
do
.do
do
do
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
May 1947
1946
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
February
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES-Continued
Associated General Contractors (all types)__ 1913=100_.
E. H . Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. average, 1926-29=100..
New York
___
_
do
San Francisco
do
St. Louis
-do
Commercial and factory buildings:
Brick and concrete:
Atlanta
do
New Y o r k . . .
.do
San Francisco
_
do
St. Louis
do
Brick and steel:
Atlanta
do
New York
do
San Francisco
do
St. Louis
do
Residences:
Brick:
Atlanta
-do
New York
do
San Francisco
do
St. Louis
-do
Frame:
Atlanta...
do
New York.
.do
San Francisco
do
St. Louis
—
-do
Engineering News Record:
Building*
1913= 100_.
Construction Call types)
do
Federal Home Loan Bank Administration:
Standard 6-room frame house :f
Combined index
1935-39=100..
Materials
do.
Labor
do.
247
247
249
252
258
263
267
131.3
172.9
153.8
152.7
133.2
177.4
155.7
154.3
133.5
177.9
156.2
159.9
138.6
178.6
158.7
161.9
141.2
180.0
160.6
164.0
142.6
181.5
164.0
164.9
143.0
181.9
164.3
165.3
144.0
182.3
164.8
165.8
144.9
183.4
165.9
167.2
129.5
173.5
154.6
155.0
131.0
179.3
156.5
155.8
131.2
179.7
156.9
163.8
137.0
180.3
158.7
164.8
141.3
181.5
159.3
166.2
144.4
184.5
167.0
166.7
144.7
184.8
167.2
167.0
146.0
185.1
167.6
167.2
130.1
169.6
154.5
152.1
131.3
174.7
156.2
153.1
131.5
175.1
156.6
159.5
135.5
175.6
160.1
160.8
137.5
177.3
161.5
162.9
141.8
179.5
168.0
164.3
142.2
179.9
168.2
164.7
141.2
175.5
155.3
159.5
144.7
180.3
157.6
162.2
144.9
180.7
158.0
165.8
148.6
181.3
159.0
167.8
152.4
185.6
163.5
172.5
154. 5
187.1
165.8
173.7
143.0
176.2
153.7
159.8
147.2
180.6
156.1
163.0
147.4
181.0
156. 5
165.0
150.2
181.6
157. 5
167.7
153.3
186.0
164.0
172.7
300.8
396.1
254.4
334.6
r 258.1
r 340. 5
r 265.3
r 348.7
* 267.3
' 354.7
179.6
185.6
170.2
141.0
137.1
148.9
142.1
138.0
150.6
143.6
139.2
152.5
145.7
141.6
153.8
7,026
6,603
6,639
282
277
280
145.7
183.9
167.3
168.5
148.8
194.7
172.4
173.9
153.4
196. 2
174.2
175.8
146.6
185.9
168.4
168.3
147.1
186.2
169.4
169.3
149.9
193.5
174.6
175.2
152.0
194.4
175.7
176.4
142.7
180.3
168.6
164.9
143. 9
182.3
169.8
166.5
145.8
183.0
172.5
169.5
148. 8
191.1
176.1
172.8
153.1
192.9
178.4
175.3
155.6
188.0
166.0
174.6
156.2
188.9
166.4
174.9
159.2
192.6
169.6
178.9
161.9
195.4
173.2
183.4
K5. 8
iC4. 7
177.0
187. 6
178.7
211.2
185.6
196. 9
155.4
187.4
162.9
174.0
156. 5
188.5
163.1
175.1
157.0
189.7
163.5
175.4
160.8
194.4
166.8
179.8
164.2
198.0
170.8
183.8
166. 8
208.9
173.9
187.0
18°. 9
217.2
184.9
198. 9
272.3
361.4
272.4
360.2
273.0
360.9
274.0
362.5
278.8
368.1
289.1
381.7
390.8
298.8
' 392.0
147.7
143.7
155.6
149.8
146.1
157.2
' 159.8
r
158. 6
164.8
' 167.0
' 168.2
166.8
173.8
177.6
168.6
6,921
r
151.8
148.0
159.3
267
270
'154.0 ' 156.7
> 150. 3 r 153.6
•
161.6
163.1
275
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
Premium-paying mortgages (cumulative) mil. of dol__
Estimated total nonfarm mortgages recorded ($20,000
and under)*
__thous. of dol_.
Estimated new mortgage loans by all savings and loan
associations, total
thous. of dol..
Classified according to purpose:
Mortgage loans on homes:
Construction
do—
Home purchase
do—
Refinancing
do
.Repairs and reconditioning
_
do
Loans for all other purposes
do
Loans outstanding of agencies under the Federal Home
Loan Bank Administration:
Federal Savings and Loan Associations, estimated
mortgages outstanding}
mil. of dol..
Federal Home Loan Banks, outstanding advances to
member institutions
mil. of dol._
Home Owners' Loan Corporation, balance of loans
outstanding
mil. of dol.
Foreclosures, nonfarm, index, adjustedt-1935-39=100_
Fire losses
thous. of dol.
6,679
6,721
6,759
6,959
6, 995
858, 675 765,973
887, 266 964,438
917,414
981,187
999, 221 928,878 1,006,681
869, 489 836, 404 847, 043
770, 095
288, 221 300,163
342, 999 361, 298 325, 997 326,048
324, 459 309, 791 326,199
271, 476 253,701
250, 016
241,263
61, 543 45,391
50,233
53, 202 62,189
56, 297 59, 708 59, 377 55, 354 60,931
51,187
161, 694 202, 995 235,877 243, 458 218, 575 216, 369 211,804 198, 842 207,139 170,162 151,848
25,916
21,546
24, 244 24, 882 24, 451 22, 402 21,388 22,032
24, 376 21,625 22,116
9, 665
6,040
8,027
6,796
6,954
6,625
7,034
6,198
9,061
7,327
8,481
29, 4C3 21,335
26,022
22, 242 24, 246 22,098
24, 692 21, 468 23,464
21, 256 22,765
51,145
145, 253
22, 599
6, 795
24, 204
52, 723
133, 399
22, 529
7, 091
25, 521
242
2,887
3,526
2,572
236
153
156
173
203
202
794
8.3
~ 72,135"
53, 252
773
7.5
62,153
753
7.1
46, 094
735
6.7
44, 240
715
6.3
40, 998
596
6,789
6,818
6,855
6,885
3,152
3,358
214
235
253
258
293
251
665
7.4
40,108
651
9.7
44, 706
636
8.6
58,094
621
40,019
682
7.0
40,256
609
~64~ 247
DOMESTIC TRADE
ADVERTISING
Advertising ind exes, adjusted:!
154.2
156.8
167.2
152.6
151.6
177.1
184.5
171.9
163.5
160.6
Printers' Ink, combined index.
1935-39=100..
157.8
167.7
212.7
159.6
156.2
184.2
182.8
200.9
195.7
201.9
Farm papers
__do
179. 9
191.3
201.6
173.1
172.5
228.7
237.7
214.1
218.8
202.9
Magazines
do
126.6
125.9
138.1
127.2
124.5
145.9
153.0
139.5
134.4
131.5
Newspapers
do
182.0
193.9
233.3
167.2
189.8
199.9
213.8
217.7
212.3
237.5
Outdoor
_do
297.2
313.2
275.5
273.8
294.1
307.0
307.8
317.1
264.0
268.0
Radio
-do
165.1
171.9
195.6
164.5
166.1
193.9
207.6
202.0
189.1
189.9
201.0
Tide, combined index*
do
205.7
Radio advertising:
17,273
15,827
Cost of facilities, total
.thous. of dol.. 16, 711
16,442 16,822
14,414 14,011
16,741
16,800 • 16, 547 • 15,102
15,133
16,338
629
922
797
771
Automobiles and accessories..
do
807
660
559
622
731
670
740
666
654
99
190
175
192
196
91
112
100
123
95
80
84
105
Clothing
do
224
323
273
249
363
301
327
254
252
Electrical household equipment
...do
316
332
266
268
458
444
532
351
Financial
do
343
321
345
376
364
428
350
356
387
3,921
4,357
4,319
4,423
4,482
4,609
4,114
4,379
Foods, food beverages, confections
do
3,637
3,554
3,927
4,512
4,396
507
546
541
537
505
583
696
535
608
536
520
Gasoline and oil
do
503
530
153
169
163
175
170
153
173
154
168
165
Housefurnishings, etc
do
177
168
159
1,685
1,449
Soap, cleansers, etc
do
1,462
1,509
1,551
1,314
1,375
1,574 r 1, 642 ' 1, 559
1,332
1,575
1,490
1,355
1,257
Smoking materials
do
1,405
1,328
1,270
1,316
1,268
1,337
1,219
1,390
1,267
1,407
1,373
5, 007
4,907
Toilet goods, medical supplies
do
6,374
5,145
5,315
4,714
5,004
5,316 ' 5,148 >• 4, 568
4,525
5,306
5,123
1,934
1,688
1,755
1,870 « 1, 844 1, 726
•
All other
do
2,001
1,728
1,536
1,929
1,320
1,316
1,855
Revised. JMinor revisions for January 1939-July 1942 are available on request.
•New series. For a description of the series on nonfarm mortgages recorded and data for January 1939 to September 1942 see p. S-5 of the November 1942 Survey. For a brief
description of the Tide index of advertising see note marked " • " on p. S-6 of the April 1946 Survey; data beginning 1936 are available on request. See note in the February 1947 Survey regarding the Engineering News Record index of building cost; data beginning 1913 will be shown later.
tRevised series. Revisions for the index of nonfarm foreclosures 1940-41 are shown on p. S-6 of the May 1943 Survey. Indexes of advertising from Printers' Ink have been published on a revised basis beginning in the April 1944 Survey; revised data beginning 1914 will be published later. The indexes of cost of the standard 6-room frame house are shown
on a revised basis beginning in the April 1946 Survey; revisions beginning November 1935 will be published later.
SURVEY OF CURKENT BUSINESS
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h «
1942 Supplement to the Survey
1947
March
S-7
1947
1946
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
DOMESTIC TRADE —Continued
ADVERTISING—Continued
Magazine advertising:
Cost, total
thous. of dol.
Automobiles and accessories
do__.
Clothing
do...
Electric household equipment
do...
Financial
do...
Foods, food beverages, confections
do...
Gasoline and oil
do...
Housefurnishings, etc
do...
Soap, cleansers, etc
do._.
Office furnishing and supplies
do...
Smoking materials
do.__
Toilet goods, medical supplies
do...
All other
do...
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
31,869 33,767 32,138 32,151
25,106 27,134 36, 506 39, 463 42, 565 36, 232
1,522
1,445
1,771
2,297
2,034
2,186
2,755
2,425
2,503
1,499
3,732
3,564
3,343
2,448
1,21
4,449
4,883
4,831
3,456
2, '
855
797
782
1,315
549
1,145
1,161
1,080
638
623
583
580
564
695
745
629
478
608
4,472
4,407
3,895
3,919
3,298
3,660
4,
4,394
2,907
4,172
533
599
589
359
715
557
526
716
638
218
2,105
2,423
2,772
1,980
1,138
2,426
2,753
1,180
2,408
1,'
703
655
793
667
481
674
779
476
455
766
695
618
1,025
790
406
1,053
554
896
992
657
870
755
1,252
808
546
604
916
1,095
1,277
929
5,654
5,171
6,694
5,879
4,608
4,208
5,226
6,172
5,779
5,346
12,007 11,469
11, 285
9,710
10,328
12,876
13, 515 15,199
14,287
10,943
4,775
5,213
5,102
4,271
4,704
3,757
3,870
5,308
5,420
3,783
4,910
167,384 146, 539 144,013 143,691 137, 718 131, 280 144, 288 152,871 165,014 164,120 163, 257
39,437 36, 097 35,147 35,143 34,502 35, 983 38, 643 39,018 39,628 36, 772 34,404
127, 948 110,442 108,866 108, 548 103, 216 95, 296 105,645 113,853 125,386 127,348 128, 853
3,714
5,537
3,427
3,479
3,644
2,784
3,495
4,046
4,675
4,480
3,415
2,138
2,157
2,584
2,388
2,159
2,365
1,931
2,025
1,877
2,197
1,894
21,371
27,163 23,083
19, 973 19,378 22, 067 27, 207 26, 596 22,388
21, 934 22,315
69,095 80, 290 86, 414 91, 502 94,052 101,155
93,090 82, 210 81,117 80, 595 75,993
r
23,963
1,383
1,826
466
505
3, 931
160
1,147
407
369
920
3,411
T
9,438
3,952
32,109
1,576
3,345
740
566
5,033
250
1,641
760
551
829
5,137
11,683
4,580
139,894
' 36, 223
103, 671
r
3, 556
'2,511
r
19,895
r
77, 709
139,993
34,588
105, 405
4,097
1,767
22, 323
77, 218
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses §
percent of total..
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number
Value
18.6
87.5
87.1
85.9
85.2
85.1
thousands..
4,863
.thous. of dol.. 108,862
5,559
135, 593
5,518
120,882
4,729
106,571
4,408
98,557
4,444
101,857
thousands.. 14,755 15, 473
thous. of dol__ 210, 579 233,141
15,094
208, 273
14,154
190,934
13,343
175,987
85.5
87.0
87.6
S.2
4,330
4,167
101, 735 101,169
4,575
107,822
4.253
95,112
13,125 15, 649 14,042
185, 779 219, 270 193,807
13,217 13,690
181, 229 192,319
19.6
'88.8
4,447
93, 691
4,477
95, 899
4,147
90, 036
13,932
189, 903
14,086
193,877
12, 691
186, 444
CONSUMER EXPENDITURES
Estimated expenditures for goods and services:*
Total
mil. of dol—
Goods
do.
Services (including gifts)
do.
Indexes:
Unadjusted, total
1935-39=100.Goods
.do
Services (including gifts)
_do_
Adjusted, total
do.
Goods
_do.
Services (including gifts)
do.
28,132
19,495
8,637
30,830
22,055
8,775
32,100
23,050
9,050
36,115
26, 790
9,325
191.4
208.3
161.
205.7
231.5
160.4
209.8
235.6
164.4
207.6
232. 2
164.3
218.4
246.2
169.6
220.1
248.6
170.1
245.7
286.2
174.7
230.
262.3
175.8
RETAIL TRADE
All retail stores:f
r
8, 745
Estimated sales, total
mil. of dol__
7,473
7,707
7,926
7,736
7,838
7,671
8,556
8,199
8,911
7, 464
10, 282
1,860
Durable goods store
do
1,267
1,430
1,608
1,554
1,611
1,770
1,722
1,620
1,921
1,854
' 1, 584
2,054
799
Automotive group
do
377
454
577
551
609
691
682
696
753
730
'681
742
Motor vehicles
do
683
261
333
452
484
560
562
426
589
621
598
••582
586
r
116
121
125
Parts and acessories
do
116
125
132
120
125
107
132
132
99
155
475
525
540
552
541
571
545
Building materials and hardware
do
476
516
602
540
535
M60
r
295
322
325
336
362
349
Building materials
do
343
312
304
381
330
293
306
50
58
63
62
58
52
Farm implements
..do
66
51
57
64
56
50
50
r
129
145
152
142
151
143
Hardware
do
143
120
147
158
154
117
180
334
362
392
377
418
410
429
Homefurnishings group
..do
377
386
471
468
'373
532
r
248
268
286
259
285
281
Furniture and housefurnishings.
do
283
275
240
317
240
317
357
r
86
95
105
118
132
129
Household appliance and radios
_.do
146
111
137
154
132
151
175
r
82
89
99
84
91
86
Jewelry stores
do
79
71
71
101
96
116
245
Nondurable goods stores
do
6,885
6,206
6,277
6,318
6,181
6,476
7,232
6,060
6,786
6,218
r 5,880
8,229
Apparel group
_do
806
760
814
713
731
555
719
791
856
610
858
'549
1,089
r
Men's clothing and furnishings
do
192
164
193
173
186
131
166
195
222
237
133
145
316
Women's apparel and accessories
do
375
382
375
312
326
244
322
355
377
364
'250
454
r
Family and other apparel
do
108
98
107
95
101
80
105
111
123
129
78
162
Shoes
do
131
116
139
119
132
100
127
130
134
127
88
158
r
Drug stores
do
302
2£4
283
299
296
293
300
287
298
300
395
275
r
Eating and drinking places
do
960
967
988
1,018
1,009
1,024
1,073
1,054
1,072
1,011
961
1,015
861
r
Food group
do
2,317
1,915
1,880
1,978
1,927
2,019
2,287
2,004
2,161
2,324
2, 098
2,213
2,380
r
Grocery and combination
do
1,812
1,408
1,456
1,492
1,452
1,512
1,748
1,502
1,628
1,792
1, 632
1,707
1,831
r
Other food
do
472
505
459
475
502
486
507
538
532
532
506
548
467
r
Filling stations
do
314
297
300
312
325
320
310
343
332
340
304
332
282
General merchandise group
do
1,247
1,193
1,154
1,118
1,136
1,022
1,207
1,203
1,357
995
1,488
1,930
'973
r
Department, including mail order
do
841
791
754
762
748
640
910
1,016
788
1,277
639
General, including general merchandise with
food
.do
142
140
141
134
128
139
154
155
124
140
348
173
'120
r
123
Other general mdse. and dry goods
do
119
120
110
119
124
100
112
142
146
126
199
97
141
Variety..
do
144
134
125
131
116
132
131
146
151
171
281
117
r Revised. § See note marked " § " on p. S-6 of the April 1943 Survey in regard to enlargement of the reporting sample in August 1942.
•New series. The series on consumer expenditures, originally published on a monthly basis in the October 1942 Survey (pp. 8-14), are now compiled quarterly only (data are
quarterly totals) and have been adjusted to accord with the annual totals shown as a component of the gross national product series; for dollar figures for 1939-40 see p. 13, table 10,
of the April 1944 Survey and for 1941-44, p. 8, table 6, of February 1946 issue; data in the latter table and those above are on a revised basis; they differ from figures published in the
January 1946 Survey and earlier issues owing to the inclusion of expenditures of military personnel abroad in the total and services (dollar figures for this item are given in the footnote to the table on p. 8 of the February 1946 Survey and table 1 on p. 7 of the February 1947 issue); indexes beginning 1939, both including and excluding expenditures of military
personnel abroad, are available on request.
fRevised series. For revised data (dollar figures and indexes) on sales of retail stores for January 1943 to June 1944, and earlier revisions for a number of series, see table on pp.
19 and 20 of the September 1945 Survey (corrections for p. 19: March 1944 indexes—building materials and hardware stores, 143.6; jewTelry stores, 460.7; June 1944 index for apparel
stores, 201.0; 1940 dollar figures, all retail stores—January 3, 198; February 3, 108); except as given in this table or indicated in footnote 1 thereto, data for 1929, 1933, and 1935-42 are
correct as published on pp. 7 and 11-14 of the November 1943 Survey. Revisions for January-April 1945 are shown on p. 24 of the August 1946 Survey and data for later months of
1945 are on pp. S-7 and S-8 of the July 1946 issue.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1941
and descriptive notes may !>• found in t h e
1942 Supplement to the Survey
1947
March
May 1947
1946
Mareh
April
May
June
1947
August
July
September
October
Novem- December
ber
Janu
ary
Febru
ary
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores!— Continued.
Estimated sales—Continued.
Nondurable poods store—Continued.
Other retail stores
mil. ofdol.__
Feed and farm supply..
-do
Fuel and ice
-do
Liquors...
do
Other
.-_
do....
Indexes of sales:
Unadjusted, combined index
.1935-39=100...
Durable goods stores
do
Nondurable goods stores
do
Adjusted, combined index..
do
Index eliminating price changes
do
Durable goods stores
do
Automotive
do—
Building materials and hardware
do
Homefnrnishings
-do
Jewelry
do
Nondurable goods stores.
do
Apparel
do
Drug
do
Eating and drinking places
do
Food
--do
Filling stations
do
General merchandise.
do
Other retail stores
do
Estimated inventories, total*
mil. ofdol.
Durable goods stores*
do
Nondurable goods stores *
do. _.
Chain stores and mail-order houses:
Sales, estimated, total*
do
Apparel group*
do
Men's wear*
..do
Women's wear*
do
Shoes*
do
Automotive parts and'accessories*
do
Building materials*
do
Drug*
do
Eating and drinking*
do
Furniture and housefurnishings*
-do
General merchandise group*
do
Department, dry goods, and general merchandise*
.mil. ofdol..
Mail-order (catalog sales)*
...do
Variety*
_
.do
Grocery and combination*
do
Indexes of sales:
Unadjusted, combined index*
1935-39=100..
Adjusted, combined index*
do
Apparel group*
do
Men's wear*
.do
Women's wear*
do
Shoes*
do
Automotive parts andfaccessories*
do
Building materials*
do
Drug*
do
Eating and drinking*
-do
Furniture and housefurnishings*
do
General merchandise group*
do
Department, dry goods, and general merchandise*
1935-39=100..
Mail-order*
do
Variety*
do
Grocery and combination*
do
Departn ent stores:
Accounts, collections, and sales by type of payment:
Accounts receivable:
Instalment accounts§
1941 average=100_.
Open accounts§
do
Ratio of collections to accounts receivable:
Instalment accounts!
percent
Open accounts§
do
Sales by type of credit:*
Cash sales
percent of total sales._
Charge account sales
_
do
Instalment sales
do
Sales, unadjusted, total U. S.t
1935-39 =100.Atlanta!
...do
Boston!
do
Chicago!-,.
do
Cleveland!
-do
Dallasf
do
Kansas Cityf
do
Minneapolis!
do
New York!
do_...
Philadelphia!.do....
Riehmond!
_
_
_*.do
St. Louis!
...do
San Francisco
...do
r
940
252
192
156
341
842
238
151
149
302
841
2F0
118
153
321
844
242
114
153
335
773
207
89
146
331
822
232
125
150
315
859
219
134
163
344
817
205
136
144
333
903
218
156
160
369
918
210
152
176
381
1,089
207
162
228
491
848
204
202
143
299
265.1
230.6
276.3
277.7
157.0
249. 5
187.1
299.4
343.0
413. 5
286.9
308.4
259.1
389.5
297.6
162.2
247.3
321.8
9, 961
3, 807
6,154
225. 9
157.2
248.3
241.6
170.1
173.5
89.6
257. 8
265. 7
429.2
263. 8
320.8
242.8
401.0
244.6
155.4
232.6
288.1
6, 542
2,016
4,526
240.2
179.0
260.2
236.2
164.7
180.2
108.0
246.3
260.7
445.4
254.4
284.5
246.3
389.1
245.3
144.2
222.1
275.4
6,771
2,039
4,732
242.4
199.7
256.3
236.9
163.8
187.0
129.0
233.0
262.5
402.4
253. 2
269.1
247.3
389. 5
248.9
139.8
222.3
271.5
6,982
2,101
4,881
242.3
200.1
256.1
238.7
162.6
189.8
122.4
235. 6
296. 9
397.8
254. 7
290. 2
251.0
392.3
239.3
139.0
232.9
268.8
7,114
2,186
4,928
235.2
200.0
246.7
247.5
158.2
201.0
134.6
2fO. 2
298.4
417.5
262.6
291.5
240.4
387.6
251.9
140.6
237.2
299.1
7,439
2,319
5,120
252.6
214.1
265.2
261.4
163.4
214.9
152. 3
263.7
304.7
409.9
276.5
331.3
242.4
382.2
271.5
147.2
253.4
297.4
8,055
2,477
5,578
266.8
228.1
279.4
256. 5
156.6
221.4
159. 4
256.1
329.6
421.9
267.9
299.8
242.0
395. 5
262.6
146.9
237.9
294.1
8,487
2. 682
5,805
269.0
232.6
280.8
260.3
156.0
225. 6
172.2
249.9
329. 6
387.3
271.6
285.0
249.1
408.6
274. 5
157.5
230.4
297.8
9,136
2,950
6,186
282.2
238. 6
296.4
273.0
159.3
229.2
172.0
256.0
342.0
388. 5
287.3
295. 3
2P0.4
421.9
296.4
163.3
241.8
320.3
9,562
3,190
6,372
321.6
262.4
340.9
270.1
156.8
231.6
168.2
280.7
331.3
385.9
282.7
289.2
264.9
394.6
298.7
166.2
240.7
303.3
8,728
2,911
5,817
241.3
201.2
254.4
276.2
160.2
236.7
170.9
294.0
336.8
364.1
289.1
303.0
251.7
423.3
303.4
169.1
239.0
313.4
8,943
3,192
5,751
' 250.1
'214.6
'261.7
' 280. 6
'162.8
' 250. 7
' 184. 6
'315.7
' 337. 4
'391.7
' 2fiO. 3
' 309. 2
' 255. 4
' 406. 5
'301.3
'171.5
' 242.9
' 327. 7
' 9, 441
'3,416
' 6,025
2,015
246
45
118
62
35
74
70
52
24
508
1,651
228
34
121
53
38
58
65
50
20
439
1,679
250
38
123
68
41
64
65
48
21
465
1,663
208
34
100
57
43
. 68
68
49
23
449
1, 650
224
36
105
65
44
64
68
48
22
446
1,599
171
24
84
50
45
64
67
50
21
425
1,876
205
33
96
59
48
72
70
51
23
502
1,715
213
39
96
60
42
74
66
50
22
492
1,913
233
46
103
63
46
75
70
53
27
571
2,037
235
48
103
63
49
61
72
51
27
594
2,398
303
55
139
84
59
55
100
55
32
776
' 1,690
163
30
73
46
29
'65
66
52
18
387
' 1, 658
153
27
72
41
28
'63
64
47
280
96
122
713
237
84
108
504
254
77
124
467
259
65
114
490
259
61
116
479
242
59
113
486
286
79
126
618
278
91
113
482
324
104
131
542
331
104
147
650
429
92
243
666
203
75
100
633
202
77
101
629
261. 5
272.7
298.6
309.8
381.0
210.5
222.9
320.8
231.4
220.8
241.7
268.6
213.3
230.8
328.2
264.6
471. 8
219.2
240.0
251.1
216.1
208.4
204.4
241.5
226.4
218.0
272.9
231.2
380.3
186.8
229.7
239.5
221.1
206.6
193.9
222.2
220.0
216.9
254.1
253.7
333.6
173.3
227.2
224.0
225.9
210.3
197.8
222.6
220.8
218.6
270.5
240.5
357.9
199.1
216.0
225.4
229.6
216.5
232.4
224.8
212.9
230-6
278.1
250.8
343.2
230.2
224.9
225.8
226.1
224.3
225.5
242.0
234.1
254.0
330.0
360.5
379.3
268.0
234.5
234.5
232.5
222.1
201.3
259.4
244.2
238.3
284.8
321.6
358.5
191.0
237.8
233.3
225.3
209.5
202.0
244.9
250.1
237.2
273.7
283.4
337.4
206.7
251.3
211.3
226.8
212.5
204.1
241.5
268.3
254.9
280.9
286.0
336.3
226.6
287.9
208.9
239.0
218.2
215.7
249.4
325.7
258.8
280.0
262.9
328.5
245.2
299.4
250.2
250.8
208.9
216.0
243.1
' 225. 2
262.8
299.6
258.9
358.4
269.1
192.0
' 290. 9
227.1
228.8
230.0
253.0
' 239.1
312.7
276.0
198.3
312.2
272.6
243.4
193.5
217.4
251.0
212.9
181.8
213.2
261.4
184.4
184.1
217.4
262.5
196.7
183.0
213.3
283.9
222.5
189.3
226.8
300.9
259.3
197.0
267.4
279.8
250.5
188.6
243.9
283.0
202.5
199.3
245.8
289.6
221.3
203.4
283.1
288.9
181.5
206.7
297.0
287.0
259.7
196. 2
300.7
293.7
268.6
191.8
309.9
76
161
43
'113
45
126
45
129
46
133
45
119
48
127
50
145
55
156
62
176
75
224
75
176
74
154
32
56
'37
64
35
63
34
62
33
60
32
57
35
59
34
56
37
60
37
59
35
54
29
52
56
38
6
265
346
227
250
262
337
'285
259
229
255
292
*>288
P295
60
36
4
238
315
197
226
237
*>314
255
223
206
219
'268
264
'257
60
36
4
255
336
223
242
253
335
273
235
219
228
281
281
287
59
37
4
248
313
211
234
243
322
272
242
214
222
274
272
284
59
37
4
253
306
216
245
257
313
265
236
221
228
266
274
288
61
35
4
208
275
157
198
203
290
239
204
158
175
'220
234
266
60
36
4
242
321
184
236
249
332
279
232
189
195
'254
284
'291
57
39
4
278
374
237
268
251
395
311
287
214
246
316
316
326
56
39
5
278
372
240
268
265
384
312
281
202
259
312
313
330
57
38
5
336
416
284
318
333
434
340
302
301
319
'370
371
376
57
38
5
441
570
398
409
430
567
448
385
392
408
'4P4
463
' 503
57
37
6
209
273
170
196
194
294
225
196
182
188
'219
228
249
'842
'209
'203
'140
'291
389
' 269.1
297.9
274.0
361.5
251.2
201.7
' 331.3
231.2
221.8
' 257. 4
256.3
56
38
6
222
'298
171
210
210
306
'247
202
188
'192
226
244
'278
Revised.
v Preliminary.
§Minor revisions in the figures prior to November 1941 are available on request.
*New series. Revised 1940-43 dollar figures and indexes for total chain store sales and furniture and house furnishings, 1942-43 indexes for all series in the general merchandise
group except mail-order, and revisions in the 1942 or 1943 data for a few other series are available on p. 20 of the September 1945 Survey. Except as given on that page, data for 1929,
1933, and 1935 to March 1943 are correct as published on pp. 15-17 of the February 1944 Survey. Revisions for January-April 1945 for grocery and combination stores and the total
(dollar figures and indexes) are shown on p. 24 of the August 1946 Survey. Data beginning 1939 for retail inventories will be published later; data shown in the Survey beginning
with the June 1944 issue are comparable with estimates published currently. See p. S-9 of the August 1944 Survey for data beginning June 1943 for the series on department store
sales by type of payment.
tRe vised series. See note marked " ! " on p. S-7 for reference to data through June 1944 and for January-April 1945 for sales of all retail stores. The indexes of department store
sales for the United States and the indicated districts have been revised for all years. Revised data beginning 1919 or 1923 for the United States, Dallas, and Richmond are published,
respectively, on p. 17 of December 1944 Survey, p. 20 of February 1944, and p. 22 of June 1944 issue (further revisions in the 1943-44 data for Richmond are in footnote on p. S-8 of the
March 1946 issue and there have been unpublished minor revisions in the adjusted index for the United States for 1938-45). There have been unpublished revisio • s also in the adjusted
indexes through 1945 for Kansas City, and Cleveland; data for 1919-45 for New York are shown on p. 20 of the April 1947 Survey and for Atlanta, on p. 23 of this issue.
May 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found i n the
1942 Supplement to the Survey
March
S-9
1947
1946
1947
March
April
June
May
July
August
October
September
Novem- December
ber
January
February
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores—Continued.
277
Sales, adjusted, total U. S.f
1935-39=100
Atlantaf .
_ do.
346
236
Bostonf
do
260
Chicagot
do
257
Clevelandt _ _
do.
347
Dallast
do
P300
Kansas Cityf._
.do
280
Minneapolis!
do
229
New Yorkf
do
271
Philadelphia!
...do. _
307
Richmond!
do
*2Q4
St. Louist
_
_
do
*>340
San Francisco
do
Stocks, total U. S., end of month:!
265
Unadjusted.1935-39=100
274
Adjusted
do
Mail-order and store sales:
249, 2fi3
Total sales, 2 companies
thous. of dol..
97, 552
Montgomery Ward < r Co
&
do
151.711
Sears, Roebuck & Co
do
Rural sales of general merchandise:
Total U. 8., unadjusted..
1929-31 = 100.. 331.0
358.2
East
do
423. 2
South .
.
_
do.
289.0
Middle West
do
350. 5
Far West
_.
do
376.6
Total U. 8., adjusted
_do_ .
398.9
East
do
468.6
South
. . do_
326.2
Middle West
do
425.8
Far West
..
do
'258
328
218
243
246
'334
275
246
215
244
••298
286
'296
252
327
210
237
244
352
273
225
221
224
'275
272
291
258
329
213
234
256
342
289
252
228
232
276
277
305
276
365
232
253
273
368
288
248
243
253
303
305
315
273
343
227
254
260
381
281
253
236
254
307
300
'322
290
365
246
281
286
381
300
259
259
2fO
'307
330
324
270
367
226
263
249
376
321
265
205
241
298
313
313
257
'347
216
250
248
349
297
254
179
229
286
293
319
272
347
230
261
266
356
283
' 2f.3
231
253
'291
294
r 319
274
363
231
294
277
348
299
251
'232
229
293
303
317
265
341
215
245
256
363
281
262
228
244
'292
278
313
'269
338
219
262
256
347
'272
'261
224
'243
281
2P0
'330
172
177
188
189
200
200
205
210
223
222
238
221
250
226
267
237
277
256
235
274
235
268
'253
275
207,055
78,454
128, 601
209,843
80,073
129,770
211,418
85, 065
126, 353
201,976
75, 428
126, 548
194,503
72,667
121,836
232,811
91,864
140,946
242,461
94,005
148,456
283,733
112,155
171,578
281,422
106, 355
176,067
313,678
117,281
196, 397
201,052
67, 097
133. 955
185,800
71, 205
114,595
303.4
313.2
449.1
261.9
280.3
345.5
348.8
497.4
295.6
340.6
283.7
277.0
374.1
243.6
321.7
308.7
290.6
424.6
260.8
360.2
233.8
217.6
311.2
199.4
283.2
254.7
237.1
366.9
210.5
315.0
243.4
236.6
322.4
210.0
294.1
267.2
2(57.7
401.0
222.4
308.6
214.8
189.5
300.4
188.3
263.5
294.2
266.1
442.4
255.1
321.4
288.0
268.0
394.0
253.2
325.2
352.1
336.2
546.4
306.9
353.1
340.3
320.1
493.2
286. 7
383.5
321.9
325. 6
446.8
279.7
327.7
345.1
334.6
493.8
293.2
384.9
265. 6
260.0
333. 2
230.8
320.5
376.9
372.7
552. 2
313.2
439.0
289.7
289.2
402.1
238.9
361.9
366.8
333.8
491.5
312.6
465.5
229.4
200.5
327.2
200.4
285.2
239. 7
243.8
348.3
199.6
258. 9
315.0
320. 7
440.3
261.0
352.2
279.6
266. 0
430.4
235. 5
295. 0
345. 6
325.2
471.9
296. 2
398.6
4,055
1,076
2,979
4,375
4,183
1,180
3,003
4,413
4,351
1,234
3,117
4,458
4,250
1,239
3,011
4,498
4,744
1,317
3,427
4,642
4,771
1,436
3,335
4,809
4,809
1,483
3,326
5,055
5,674
1,680
3,994
5,338
5,262
1,600
3,662
5,738
5,194
1,671
3,523
5,939
5,137
1,583
3, 554
6.271
4,738
1,599
3,139
6,514
WHOLESALE TRADE
Service and limited function wholesalers:*
Estimated sales, total.
.mil. of dol_Durable goods establishments
do
N o n d u r a b l e goods e s t a b l i s h m e n t s ___
All wholesalers, e s t i m a t e d inventories*
5,105
1, 736
3, 369
6,729
. do. _
do
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment status of noninstitutional population:*
Estimated number 14 years of age and. over,
total
_
._
thous.. 107,190 106,070 106,140 106, 200 106, 210 106, 360 106, 470 106, 630 106, 760 106, 840 106, 940 106, 970 107,060
53, 820
54, 370
53, 750
53,890
53,980
54,150
54,180
53,730
53, 660
53,690
54,060
54,110
54, 230
Female
do
52, 540
52, 820 52, 410 52,450 52,470 52,460
52, 580
52,650
52, 790
52. 790 52, 830
52,700
52, 730
Male
.do
2,710
3,070
1, 570
3,410
2,450
2,220
1,890
1,720
4,470
3,850
2,170
2,010
1,620
Armed forces
do
60,110
58, 360
57,160
59, 750
59,120
58, 430
57, 790
55,160
56,450
58, 990
58, 970
58,010
Civilian labor force, total
do
17,400
15, 950
16,680
17,170
17, 270
16,440
15. P30
16,290
16, 590
17, 270
17,170
17,020
15,910
Female
_
_
...do
42, 440
40,480
42, 580
41, 850
41, 990
41,860
38, 870
39, 860
41,660
42, 710
41,820
41,950
42, 100
Male
_
_
..do
56, 060
54,850
57,690
57,050
56, 310 55, 390
52, 460
54,120
56,360
57,840
57,030
57,040
55, 520
Employed.
_
do
15, 470
16, 260
16,710
16, 780
15,480
15, 780
16,130
16, 710
16,890
16. 760
16,610 '16,010
15,430
Female
_
do
40, 590
38, 590
40, 980
40, 270
40, 300
39, 910 40, 0P0
36, 680
37, 990
39,650
40, 950
40, 270
40, 430
Male
.do
7,240
10,010
7,210
7,530
8,880
9,970
9,140
6,500
8,170
8, 750
8,620
7,900
6,P20
Agricultural employment
do
48, 820
46, 350
49,100
44, 930
45, 970
47, 870
48, 550
48, 890
45, 950
48,300
48, 410
49,140
48, 600
Nonagricultural employment
do
2, 330
2, 570
2,120
2,310
2,270
2,060
2.400
2,700
2,330
2,070
1,960
1,930
2,490
Unemployed
do
47, 230
44, 210
46, 620 47, 460
45, 630
44, 270
46, 440
45, 840
43, 540
45, 290
45, 600
45, 860
47, 430
Not in labor force
__.do
Employees in nonagricultural establishments: t
Unadjusted (U. S. Department of Labor):
42,068 • 39,184 ' 39, 908 • 40, 258 r 40, 680 • 40, 877 ' 41, 466 '41,848 • 42,065 r 42, 439 r 42, 928 ' 41, 795 ' 41, 850
Total
-do
15, 481 • 13, 433 ' 14, 045 ' 14,159 '14,371 • 14, 526 ' 14, 876 ' 15, 035 ' 15, 064 r 15, ?71 r 15, 348 ' 15, 372 '15,481
Manufacturing
.do
'874
'864
'886
'883
' 542
'883
880
'753
'881
•"857
'873
'883
'884
Mining
do
' 1,644
' 1,515 r 1, 492
1,575
' 1, 203 ' 1,356
' 1, 438 ' 1, 532
' 1, 027 '1,713
' 1, 747 ' 1, 753 ' 1,713
Construction
do
' 4,103
' 4, 071
'4,015
4,024
' 3, 983
' 3, 991 ' 3,946 ' 3, 996
- 4, 051
' 4,101
' 4, 064 ' 4. 093
'4,012
Transportation and public utilities
do
8, 573
'8.197
' 8, 337 ' 8, 402
' 8, 329 ' 8. 302 ' 8, 342
' 8, 523 ' 8, 667 ' 8, 898 ' 9, 234 ' 8, 555 ' 8, 507
Trade
do
' 5, 984 ' 5, 990 ' 6, 054
6,111
' 5, 840 ' 5, 984 ' 5, 965 ' 5, 961
' 5, 975
' 6, 098 '6, 119 ' 6, 071 ' 6,107
Financial, service, and miscellaneous
do
' 5, 614
5,418
' 5, 671 ' 5, 661 ' 5, 695
' 5, 488 ' 5, 502 ' 5, 605 ' 5, 551 ' 5, 475 ' 5, 638 ' 5, 384 ' 5, 370
Government
_
_
do
Adjusted (Federal Reserve):
P 42, 401
• 39, 525 r 40,105 • 40, 443 ' 40,751 • 40, 856 •41,361
' 41, 698 • 41, 823 '42,108 '42,176 ' 42.157 ' 42, 277
Total .
.do
r
P 15, 541
• 13,482 r 14,124 ' 14, 274
14, 400 • 14,475 r 14, 745 ' 14, 953 • 15,019 ' 15. 233 ' 15, 310 r 15, 426 ' 15, 535
Manufacturing..
do
r
P880
'753
'864
'874
'857
'542
'884
'883
883
'881
'873
'886
'883
Mining. .
do
v 1,676 ' 1, 280 ' 1, 384 ' 1. 424 ' 1,473
' 1, 648 ' 1, 670 ' 1, 679 ' 1, 731 ' 1,665
' 1, 640
' 1,535
' 1, 601
Construction
do
p 4. 044 ' 4, 003 '4,011
' 3,946
' 3,956
' 4,101 ' 4,091 ' 4,076 ' 4,053
' 3, 991
' 4, 042 ' 4, 064 ' 4,093
Transportation and public utilities...
.do
P 8, 704 ' 8, 364
' 8, 630
' 8, 371 ' 8, 386 ' 8, 426
' 8, 598 ' 8, 637
' 8, 464
' 8, 573 ' 8, 609
' 8, 581
Trade
do
Estimated production workers in manufacturing indus12, 600 • 10, 819 r 11,347 • 11,433 p 11, 623 • 11,767 ' 12,101 ' 12, 244 12,253
12,449 • 12, 514 r 12, 513 r 12, 601
tries, total (U. S. Dept. of Labor)*
thousands6,522
' 5,118 ' 5. 629 ' 5, 740 ' 5, 865 ' 5, 984 ' 6,160 ' 6, 249 ' 6, 281 ' 6, 379 ' 6, 393 ' 6, 426 ' 6, 503
Durable goods industries
do
1,569
'1,313
' 1, 380
' 1,403
'1.514
'1,395
' 1, 445 ' 1,490
' 1, 500
' 1, 562
' 1, 535 ' 1. 521 '1,552
Iron and steel and their products
do
Blast furnaces, steel works, and rolling mills
182
474
445
466
453
470
480
480
467
483
480
thousands. .
r
Revised. * Preliminary.
•New series. Annual estimates of total wholesale sales beginning 1939 are available on p. 32 of the February 1946 Survey and the table on the back cover of the February 1947
issue and monthly figures beginning June 1943 for all series are on p. S-9 of the August 1944 and later issues. For estimates of wholesalers' inventories for 1938-42, see p. 7 of the June
1942 Survey and p. S-2 of the May 1943 issue. Estimates of the labor force have been revised beginning July 1945 (sne explanation in the February 1947 Survey) and revision of the
i*^_
J _ A _
i«
:
_~
.-11
_
A
! ~ :
f
j-i
^
_„—:
a
JJ _ i
_
•
i.
inin
/ . .
ii
i
•
A "J_--
^ •
i
__
_ i _ . i _ . * - _ - i
. _
_
_
*
»
^_i__i
i_
0
_
?ii
i *
i 1 • _i
_
I
i
are shown on p. 24 of the August 1946 Survey. Revised estimates of employees in nonagricultural establishments for January 1939-February 1946 are shown on pp. 22 and 23 of this
issue; earlier data back to 1929 for several series are available in the July 1945 Survey as indicated in the footnote on p. 23.
SURVEY OF CUREENT BUSINESS
S-10
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
May 1947
1946
March
April
May
June
July
August
1947
September
October
Novem- December
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Estimated production workers in manufacturing*—Con.
Durable goods industries—Continued.
'461
'521
'526
598
'503
'380
Electrical machinery
thousands..
'983
1,049
'1,025
'1,066
1,188
'910
Machinery, except electrical
do
348
352
344
345
314
Machinery and machine-shop products
do
60
59
59
59
57
Machine tools§
do
'725
'675
'646
'693
-464
794
Automobiles
do
'491
'504
'479
'476
'476
475
Transportation equipment, exc. automobiles—do
129
124
126
121
117
Aircraft and parts (excluding engines)§
do
26
26
26
27
22
Aircraft engines§
do
213
219
193
183
174
Shipbuilding and boatbuilding!
do
'352
431
'324
'360
'378
'392
Nonferrous metals and products.
-do
'521
'553
'561
603
-•499
'537
Lumber and timber basic products
do
215
207
222
227
229
Sawmills (incl. logging camps)
do
'391
'382
'392
'381
'376
Furniture a n d finished lumber products
do
157
161
157
160
154
Furniture
do
'388
'385
423
-"376
'398
'401
Stone, clay, and glass products
do
5,758
' 5, 783
'5,718
' 5, 693
' 5, 701
6,078
Nondurable goods industries
do
Textile-mill products and other fiber manufactures
'1,178
1,191
1,239
'1,169
' 1,176
'1,175
thousands-.
443
448
445
443
442
Cotton manufacturing, except small w a r e s - d o
91
SO
92
91
Silk a n d rayon goods
do
Woolen and worsted manufactures (except dyeing
159
159
158
160
155
and
finishing)
thousands. _
'998
' 995
1,121
'1,000
1,013
'983
Apparel and other finished textile products._do
192
195
192
190
191
Men's c l o t h i n g - .
do
213
219
213
196
218
Women's clothing
do
'359
368
'358
'357
'360
'358
Leather and leather products
do
192
193
194
193
193
Boots and shoes
do
' 1,050
'1,024
1,033
'1,119
'1,039
1,055
Food and kindred products
._
-do
239
255
234
234
247
Baking
do
95
85
92
111
184
Canning and preserving
do
136
147
139
128
123
Slaughtering and meat packing
do
'85
'82
'85
'86
'85
Tobacco manufactures
do
'363
'357
'361
'368
' 365
387
Paper a n d allied products
do
162
164
165
168
166
Paper and pulp
do
-386
'389
'389
'393
'397
Printing, publishing, and allied industries
do
128
129
127
130
130
Newspapers and periodicals
do
154
154
153
156
160
Printing, book and job__.
do
' 540
' 539
'527
'522
'516
Chemicals and allied products
do
118
118
117
115
117
Chemicals
do
'155
' 150
'149
' 153
'149
Products of petroleum and coal
do
99
97
97
98
100
Petroleum refining
do
^ 216
'221
'214
'217
' 217
Rubber products
do
104
104
105
106
99
Rubber tires and inner tubes
do
Production workers, unadjusted index, all manufactur' 132.1
'138.5
' 139. 6
153.8
'143.6
141.9
ing (U. S. Dept. of Labor)t
1939=100
' 159.0
180.6
'141.7
' 155. 9
162.4
' 165. 7
Durable goods industries
do
'139.1
158.2
'132.4
' 140.7
141.5
' 145. 7
Iron a n d steel and their products
do
Blast furnaces, steel works, and rolling mills
119.9
120.3
114.7
116. 6
120.9
1939=100..
' 146. 6
'177.9
230.9
' 194. 2
201.2
' 203. 2
Electrical machinery
do
' 172. 3
' 186.1
' 194.1
198.6
' 201.8
Machinery, except electrical
do
224.8
155.1
170. 6
171.8
170.0
173.7
Machinery a n d machine-shop products
do
156.4
161.1
161.9
161. 5
162.3
Machine tools§
do
197.4
' 167. 8
'115.3
' 160. 5
172.3
' 180. 2
Automobiles
do
299.4
' 309. 2
' 299.9
' 317.6
301. 6
' 299.9
Transportation equipment, exc. automobiles-do
311.2
294.4
303.9
316.3
324.2
Aircraft a n d parts (excluding engines) §
do
252. 2
293.1
294.0
292.3
298.3
Aircraft engines§
do
315.7
306. 9
264.6
251. 2
279.0
Shipbuilding a n d boatbuilding§
do
'141.4
'153.4
187.9
164.9
'157.0
' 171.2
Nonferrous metals a n d products
do
' 123. 8
143.5
'118.6
' 127. 8
Lumber and timber basic p r o d u c t s . .
do
131. 6
' 133. 5
71.7
74.7
77.0
78.7
79.5
Sawmills
do
'114.6
134.3
'116.3
' 116. 2
119.1
Furniture a n d finished lumber products
do
'119.6
97.0
98.4
98.4
Furniture
do
100.6
101.1
144.2
'128.3
'131.1
' 132. 3
135.6
' 136. 6
Stone, clay, a n d glass products.
_
do
132. 7
'124.4
' 124. 8
124.3
Nondurable goods industries
do
125.7
' 126. 2
Textile-mill products a n d other fiber manufactures
' 102. 2
' 102. 8
108.3
' 103. 0
104.1
' 102. 8
1939=100..
112.0
111.7
111.9
112.4
113.0
Cotton manufactures, except small wares..-do
75.4
75.7
75.0
76.6
75.9
Silk a n d rayon goods
do
Woolen and worsted manufactures (except dyeing
105.9
106.6
106.7
107.3
103.9
and
finishing)
.1939=100..
' 126.4
142.0
' 126. 7
128.3
'126.0
' 124. 5
Apparel a n d other finished textile products,.-do
86.8
87.4
87.8
89.4
87.7
M e n ' s clothing
do
80.4
80.1
78.3
78.2
72.1
Women's clothing
do
106.2
' 103.1
' 103. 3
' 103.4
103.8
' 103.0
Leather and leather products
do
87.9
88.5
89.1
88.6
88.4
Boots a n d shoes
do
123.5
'122.8
'121.6
'119.9
120.9
'131.0
Food a n d kindred products
_.do
110.3
107.3
101.5
103.5
101.4
Baking
do
63.2
68.4
70.4
82.8
136.8
Canning and preserving
.do
115.2
122.0
112.9
106.5
102.4
Slaughtering and meat packing
do
r
91.9
'87.9
'90.8
'91.2
Tobacco manufactures
do
92.1
'90.7
145.8
'134.4
' 136. 0
'136.8
138.8
'137.4
Paper a n d allied products.
do
117.9
119.3
120.0
Paper a n d pulp._
do
121.9
120.9
'117.7
'118.5
129.0
'118.7
Printing, publishing, a n d allied industries
do
119.9
'121.1
108.1
107.0
Newspapers a n d periodicalsX
do
109.0
109.4
109.6
122.2
122.1
Printing, book and jobj
do
121.3
123.8
126.3
196.5
' 187.1
' 187. 3
Chemicals a n d allied products.._
do
' 182. 8
181.3
'178.9
165.9
Chemicals
do
169.6
167.5
169.0
168.4
' 140.4
Products of petroleum and coal
do
'141.9
144.6
' 140.6
144.5
' 146. 7
Petroleum refining
do
133.1
133.7
134.4
136.1
137.4
Rubber products
_
_
.do
' 178. 7
196.2
' 179.1
' 179. 7
182.9
'177.0
R u b b e r tires a n d inner tubes
do
192.8
191.6
193.4
195.8
183.1
JData beginning August 1942 are available in the November 1943 Survey; earlier data will be published later.
§For 1941-43 data for shipbuilding see p. 19 of December 1944 Survey and for 1939-44 data for aircraft and aircraft
1941-July 1942 for machine tools, see note marked " t " on p. S-10 of the November 1943 Survey.
'545
'1,092
357
61
'755
'468
134
28
158
'406
'584
237
'405
165
'415
' 5, 941
'563
'1,112
363
62
'788
'455
140
28
139
'411
'583
233
'405
164
'418
' 5,995
'579
'1,131
370
62
'774
'457
143
29
134
'417
'590
234
'411
167
'422
' 5, 972
'590
1,150
378
60
' 778
'464
146
29
134
'422
'599
236
'419
169
'422
6,070
'597
'1,161
380
61
'774
'473
145
29
143
'426
'592
231
'425
172
'424
' 6,121
'598
'1,171
381
60
'755
'473
145
30
142
'428
'592
229
'432
'173
'425
' 6, 087
'1,189
452
93
' 1, 204
456
93
'1,215
460
94
1,230
465
95
'1,242
469
96
'1,242
470
'96
156
'1,030
197
212
'356
191
'1,184
237
207
138
'86
'369
168
'399
131
158
'520
117
'156
100
'223
103
160
'1,049
197
217
'358
194
'1,175
241
245
95
'87
'372
168
'401
132
159
'530
117
'157
100
'229
107
161
'1,065
200
217
'355
190
'1,091
241
173
84
'89
'376
168
'410
134
163
'539
118
'155
99
'236
110
162
1,063
204
209
'357
192
1,141
249
132
139
'91
'383
171
'415
135
165
'550
121
'155
99
'240
112
164
'1,079
206
211
'362
915
'1,139
253
116
151
'92
'387
172
'420
137
166
'555
123
'155
99
'242
112
163
'1,090
206
214
'368
200
'1,098
249
95
154
'90
'386
172
'417
137
166
'564
124
'154
98
'240
111
' 147. 7
' 170.6
' 150. 2
' 149. 5
'173.1
' 152. 7
' 149. 6
'173.9
'151.2
152.0
176.7
154.9
' 152. 8
'177.0
'153.4
'152.7
'178.0
' 156. 6
123. 6
' 210.5
' 206. 6
176.2
167.5
'187.8
' 294. 7
338.3
309.3
228.6
' 177. 3
'139.0
82.2
'123.4
103.9
'141.6
' 129.7
123.6
'217.3
' 210. 3
179.5
169. 2
' 196. 0
' 286. 8
351.6
310.5
200.8
' 179.5
'138.6
80.9
' 123. 5
103.3
' 142. 5
'130.9
121.9
' 223.4
' 214.0
183.0
169. 2
' 192. 3
' 287. 8
360.9
321.8
193.3
' 182. 0
' 140. 4
81.3
' 125. 2
104.7
' 143. 8
' 130.4
124.0
227. 6
217.7
186.7
164.6
193.3
292.4
368.8
329.8
193.2
184.0
142.4
81.8
127.7
106.2
143.9
132.5
120.2
' 230. 6
'219.6
187.6
165. 3
' 192. 3
' 298. 2
364.8
326.2
206.2
' 185. 8
' 140. 8
80.3
'129.6
107.8
' 144. 4
' 133. 6
123.5
' 230. 6
'221.0
188.3
163.2
' 187.7
' 298. 2
364.8
334.7
205.2
' 186. 9
' 140. 8
79.3
'131.8
' 108. 9
' 144. 9
'132.9
' 104. 0
114.2
77.2
'105.2
115.1
77.6
' 106. 2
116.0
78.3
107.6
117.5
79.1
' 108. 6
118.4
79.8
' 108. 6
118.7
79.5
104.4
' 130. 5
90.2
77.9
' 102.7
87.8
' 138. 6
102.7
153.5
114.8
'91.7
' 139. 2
122.1
'121.6
110.4
125.0
' 180. 5
168.5
' 147.4
137.4
' 184. 0
107.0
' 132.9
90.2
79.7
' 103.1
107.5
' 134.9
91.3
79.9
' 102. 2
87.3
' 129. 7
104.6
128.9
70.0
'95.8
'141.7
122.0
'125.0
112.8
128.9
' 187. 2
169. 8
' 146. 8
136.2
' 194. 8
204.0
108.7
134.6
93.4
76.9
102.9
87.0
133.5
107.9
98.1
115.3
97.6
144.3
124.1
126.6
113.7
130.6
190.9
173.3
146.6
136.0
198.8
207.0
110.2
' 136. 6
94.0
77.7
' 104. 4
90.7
' 133.3
106.2
86.2
125.0
'98.3
' 145. 7
125.0
' 127. 9
115.2
131.6
' 192. 5
176.7
' 146.1
136.4
' 200.1
' 206. 3
109.2
' 138.1
94.0
78.7
' 106. 0
91.5
' 124. 2
107.9
70.3
127.7
'96.1
' 145. 6
125.2
' 127. 2
114.0
131.5
' 195. 6
178.6
r
145. 3
135.0
' 198. 8
' 203. 5
137.5
104.6
182.2
78.6
'93.5
140.0
122.0
122.3
111.0
125.8
184.0
167.6
147.8
137.0
189.1
197.0
Revised.
engines, p. 20* of the August 1945 issue.
For data for December
S-8 and S-9 of the December 1942 and later issues (except as indicated in note marked " § " above) and data back to 1939 will be shown later.
t Revised series. m The indexes of production-worker employment and pay rolls (pp. S-12 and S-13) have been completely revised; for 1939-41 data for the individual industries
(except as indicated m note marked "§") and 1939-40 data for the unadjusted series for all manufacturing, total durable goods and total nondurable goods industries, and the industry
groups, see pp. 23-24 of the December 1942 Survey; for 1941 data for the totals and the industry groups see p. 28 of the March 1943 issue, for 1942-43, p. 20 of the October 1945 issue
and for 1944, p . 24 of the July 1946 issue; data beginning 1945 for the totals and the industry groups have been further revised; revisions for January 1945-February 1946, for these series
FRASER on p. 2/% 01 txiis issue.
£ r snow^n.
»G
Digitized for
May 1947
SURVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
1947
March
S-ll
1947
1946
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Production workers, adjusted index, all manufacturing
(Federal Reserve)!
1939—inn Iv 154 4 r 132. 6
Durable goods industries!
_
_. .do.... l p 181. 2 ' 142. 2
v 133. 4
' 125. 1
Nondurable goods industries!
do
Nonmanufacturing, unadjusted (U. S. Dept. of Labor):
Mining:!
Anthracite
...
1939=inn
81.7
93.9
Bituminous coal
90.0
do
65.5
Metalliferous
88.0
do
88.8
Quarrying and nonmetallic
do
Crude petroleum and natural gas!
90.8
do
Public utilities:!
96.4
Electric light and power
104.1
do
126.1
Street railways and busses
.
do
130. 5
123.2
Telegraph
do
158.6
Telephone
..
do
Services:!
Dyeing and cleaning _
124.3
119.8
do
109.6
Power laundries
do
109 3
119.3
Year-round hotels
117.2
do
Trade:
Retail, total!
106.0
do
110.8
106.9
Food*
do
General merchandising!...
118.6
do
106.6
Wholesale!
112 3
do
do
Water transportation*. . . . .
297.8
Miscellaneous employment data:
Federal and State highways, totalj
number
150, 013
Construction (Federal and State)
21, 000
do
97,814
Maintenance (State)
do
Federal civilian employees:^
2,379
United States
__
_
thoitsands
v 1, 944
District of Columbia
do
237
Railway employees (class I steam railways):
1,397
Total
..
thousands
p 1, 355
134.1
Indexes: Unadjusted!
1935-39=1 on
do
137.5
Adjusted!
r
142. 2
' 162. 3
T
126. 3
' 143.0
' 165. 2
r
125. 6
r
146. 3
' 169. 7
' 127.8
81.0
66.9
67.7
95.7
92.8
79.0
89.6
74.4
98.9
94.2
81.4
89.5
78.0
101.2
95.4
82.0
90.8
82.5
103.2
95.5
90.5
82.2
83.5
102.5
93.9
83.2
90.1
83 9
101.7
93.4
82.9
90.0
85.2
101.2
93.0
97.7
127.0
119.8
163.5
98.6
127.6
113.5
167.6
99.9
128.7
112.1
171.7
101.2
128.9
112.4
177.7
101.9
130.2
111.9
181.1
101.9
129.9
112.0
181.0
102.0
130.3
110.3
181.6
130.3
110.0
118.9
129.6
110.7
119.9
131.6
112.3
119.9
130.0
113.6
119.1
124.5
111.6
119.3
125.6
109 9
119.5
109.0
106.3
125.3
106.7
275.3
107.2
105.0
121.9
106.0
250.6
107.2
103.5
121.0
106.9
229.0
106.2
101.3
117.7
107.5
228.2
106.6
103. 6
117.4
109.1
225.9
109.8
103 5
125.4
109 4
165, 762
31, 871
100,683
184,179
45,084
104,445
205,161
59,001
110, 537
225,184
73, 766
114, 717
237, 601
82, 384
117, 543
2,394
238
2,360
236
2,299
235
2,282
235
1,375
131.9
134.0
1,334
128.1
128.6
1,358
130.4
128.6
1,378
132 2
129.5
' 139.4
' 156. 2
' 126.1
' 140. 7
' 159. 2
' 126. 2
81.4
20.3
62.9
93.8
91.8
r
148 6
r 172. 7
r
149.1
' 173. 8
' 129. 7
r
r
r
153 4
' 178. 6
' 133.6
' 154 5
' 180. 7
'133.8
83 0
88.1
86 2
99.7
92.6
83 4
90.8
87 2
96.9
92.1
82 9
'90.4
'87 6
97.1
91.8
102.5
130.6
108.7
183.4
103.0
130 1
107.4
184.6
102.5
130 6
104.6
' 185. 2
126.1
110 1
120.6
123.0
109 9
120 2
120 9
110 9
119 1
118 2
111 0
117 3
112.2
103 7
132.4
110 7
199. 2
117.2
108 6
144.8
112 7
126
111
171
114
236,644
88, 473
110, 940
235,045
87,889
110,363
2,232
233
2,154
226
1,400
134.3
131.6
1,392
133 6
130.4
151 5
' 176. 4
'131.8
15? 4
' 177.1
'133.0
' 129. 6
(i)
1
r
r
103. 2
130 9
101.8
' 186. 9
r
' 117 0
r 109 5
r 117 7
5
8
1
4
r no 3
220,879
75,850
108, 328
198,097
56 289
104,901
186,449
45 094
104, 914
188, 212
46 048
105, 699
2,119
225
2,018
224
1,981
221
1,973
220
1,966
219
1,405
134.9
130.5
1,412
135 4
134.3
1, 383
132 5
134 6
' 1. 361
v 130 7
v 135 9
p 1, 353
108 5
125 9
112 2
' 109
HI
119
111
6
2
5
9
LABOR CONDITIONS
Average weekly hours per worker:
40.7
40.4
39.3
Natl. Indus. Conf. Bd. (25 mfg. industries)
hours.
39.8
40.1
40.4
40.0
40.0
40.4
40 8
40 4
40.7
40.5
40.5
40.3
39.7
40.0
39.7
40.5
U. S. Dept. of Labor, »11 manufacturing! _ . . do
P40.3
40.2
M0. 6
MOM
40.9
Durable goods industries*
40.6
40.4
40.5
..do
39.3
39.8
40.3
39.3
40.7
P40.4
40.2
40.5
MOM
40.8
40.0
39.9
39.9
Iron and steel and their products*
do
38.4
38.8
38 5
39.7
40.3
40 0
40 1
40 0
39 8
Blast furnaces, steel works, and rolling
mills*
37.9
37.5
38.2
35.8
36.0
36.4
38.0
38 7
hours
38 8
38 2
38 5
37 0
Electrical machinery*..
40.3
40.2
38.9
40.6
39.8
39.4
do
40.8
40.7
39 9
40 6
40 5
41 1
41.7
41.5
40.9
Machinery, except electrical*.
40.1
40.4
40.9
41.5
do
41.1
40.9
41.2
41.4
41.4
41.7
42.2
41.2
40.4
40.7
41.6
Machinery and machine-shop products* d o .
41.2
41.6
41.1
41.4
41.8
41.8
43.6
42.6
42.2
Machine tools*
41.6
41.3
42.0
41.9
do
42.6
42.3
42 2
42.1
42 8
37.0
37.4
36.3
39.2
Automobiles*
36.6
38.5
do
37 8
38 8
38 9
38 6
38 8
39 4
r
39.9
39.5
Transportation equipment, except autos* do
40.0
39.1
39.7
r 40 6
39.3
38.8
38.4
40.0
40 2
39.6
41.3
40.4
40.7
Aircraft and parts (excluding engines)*. . do
41.0
40.7
40.0
40.6
39.9
40.6
40.1
39.6
40.4
Aircraft engines*
41.9
do
41.3
41.6
41.4
42.1
41.8
40.6
41.9
37.2
40.7
41 4
41 9
Shipbuilding and boatbuilding*..
38.5
do
38.8
37.6
38.4
38.0
35.7
39.9
38.1
37.7
35.7
37.8
40.0
41.8
Nonferrous metals and products*
42.2
41.1
40.0
40.8
40.7
do
40.9
40.9
41.1
41.1
40.9
Ml. 7
41.3
Lumber and timber basic products* .
41.1
40.9
39.1
41.8
41.4
42. 1
do
41.5
41.9
40.7
40 6
41 7
do
Sawmills (incl logging camps)*
40.5
40.4
41.1
40.8
41.4
41.2
38.9
41.5
40.1
41.9
40.2
41.1
42.5
41.3
41.8
Furniture and finished lumber products* do
42.3
41.9
41.8
41.0
42.2
Ml. 8
42.0
41.7
42.2
Furniture*
do
42.2
41.3
41.4
42.1
41.7
41.6
40.6
41.8
Ml. 5
42.0
41.4
41.6
41.6
40.2
40.4
Stone, clay, and glass products*.
do
41.3
40.7
40.5
39.5
40.6
M0. 5
40.2
40.3
41.0
do
M0.1
40.9
40.1
40.2
Nondurable goods industries*.
40.6
40.5
40.3
40.1
40.2
40.6
M0. 4
40 3
41 1
Textile-mill products and other fiber manufactures*,
hours
40.4
40.5
40.4
40.3
40.1
39.8
40.0
39.6
40.0
40.2
40 2
40 9
40.5
Cotton manufactures, except small wares * do
39.3
39.5
40.6
39.8
39.8
39.4
39.8
39.9
40.3
40.9
39.8
do
41.4
41.1
Silk and ravon goods*.
41.6
41.3
41.3
41.6
40.8
40 7
40.4
41 8
41.6
41 1
Woolen and worsted manufactures (except dye41.4
41.4
41.1
41.1
40.9
41.0
ing and
finishing)*
hours..
40.5
41.1
41.3
40.9
41.3
40.1
Apparel and other finished textile products*.do
37.5
37.2
37.0
37.0
36.9
37.1
36.0
36.9
36.7
36.8
37.0
36.6
r
Men's clothing*
do
37.5
37.5
37.5
37.7
36.2
37.5
37.6
38.1
37.7
37.7
37.8
38.1
37.3
35.6
36.2
36.5
36.4
36.1
35 4
Women's clothing*.
do .
36.4
35.5
35.3
35.8
34 9
39.2
39.4
40.5
39.3
Leather and leather products*
40.8
39.6
38.2
38.2
37.8
37.5
39.1
do
37.1
39.1
39.2
40.6
Boots and shoes* .
40.5
39.6
36.9
do
39.0
37.9
36.3
37.8
36.9
38.8
42.7
Food and kindred products*.
42.9
43.6
42.4
42.3
43.7
44.4
do
42.8
43.8
43.0
42.4
42.9
43.9
43.3
Baking*..
45.1
45.3
do
45.0
44.2
43.9
45.0
44.5
44.8
43.6
44.0
Ho
36.9
37.6
Canning and preserving*
39.6
39.2
43 2
42 3
43 5
40.2
40 0
38.8
41 7
37.3
M7. 5
44.3
40.6
Slaughtering and meat packing*
do
39.3
46.4
40.1
40.6
43.4
35.9
43.0
37.5
44.9
Tobacco manufactures*.
do
40.2
'39.2
39.7
39.2
39 1
39.5
40.0
38 6
39 5
40 3
39 7
37.8
43.2
43.2
Paper and allied products*..
43.9
43.5
42.9
43.1
43.4
43.7
do
43.0
43.3
42.8
43.4
do
44.4
M4. 2
44.7
44.4
44.4
44.6
Paper and pulp*.
43.7
44.5
43.8
43.8
43.8
44.4
40.2
41.2
41.5
Printing, publishing, and allied industries*-do
41.0
40.4
40.5
41.0
40.2
40.8
41.0
41.1
41.0
36.8
38.6
39.3
39.1
Newspapers and periodicals*
do
38.4
38.1
37.9
37.9
38.7
39.4
39.3
39.3
40.8
M2.0
42.7
'42.7
Print ing, book and job*.
do
42.2
41.4
41.6
41.5
41.8
42.0
41.7
41.9
41.4
41.4
41.6
41.4
40.7
40.5
41.6
Chemicals and allied products*
40.7
do
40.8
40.9
41.3
41.3
41.0
41.3
41.2
Chemicals*
_
41.5
41.5
40.7
41.5
..do....
40.8
41.1
41.1
41.1
41.4
' Revised. * Preliminary. * For October 1946, data relate to the end of the preceding month; data for the week ending nearest September 15th are not available.
X Total includes state engineering, supervisory and administrative employees not shown separately.
1 United States totals beginning August 1945 include approximately 53,000 clerks at third-class post offices and substitute rural carriers not reported previously; see also note in July
1944 Survey regarding change? in the data beginning in 1943. December figures do not include excess temporary post office substitutes employed only at Christmas.
• New series. Indpxes beginning 1939 for employment in retail food establishments and beginning 1940 for water transportation are shown on p.31 of the June 1943 Survey. Data
beginning 1939 for all series on average hours will be published later; the series for individual nondurable goods industries, sawmills and furniture have not been shown in the Survey,
prior to the March 1947 issue; data beginning March 1942 for other series except aircraft engines, and beginning March 1944 for this series, are available in previous issues of the Survey.
! Revised series. Revisions for 1939 through February 1946 for the adjusted indexes of employment in manufacturing industries will be shown later. Data for 1937-43 for the index
of employment and pay rolls in the telephone industry are on p. 20 of the May 1945 Survey and data for 1937-43 for the telegraph industry are on p. 23 of the August 1946 issue; data
for 1939-41 for the other Department of Labor series on nonmanufacturing employment and pay rolls are on p. 31 of the June 1943 Survey. The index of railway employees has been
shown on a revised basis beginning in the May 1943 Survey; earlier revisions will be published later. Data beginning January 1942 for the series on average weekly hours in all manufacturing industries are available in the March 1943 and later issues of the Survey; revised data prior to 1942 have not been published tn the Survey and will be shown in a later issue.
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
March
May 1947
March
April
May
June
July
1947
SepAugust tember
October
Novem- December
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
Average weeklj hours per worker—Continued
U. S. Dept. of Labor, all manufacturing—Continued
Nondurable goods industries—Continued
Products of petroleum and coal*...
..hours..
Petroleum refining*. _
-do
Rubber products*
do
Rubber tires and inner tubes*
do
Nonmannfacturing industries (U. S. Dept. of Labor) :•
Building construction
hours..
Mining:
Anthracite
do
Bituminous coal
do
Metalliferous
do
Quarrying and nonmetallic
...do
Crude petroleum and natural gas__
do
Public utilities:
Electiic light and power
___do
Street railways and busses.
do
Telegraph
do
Telephone
do
Services:
Dyeing and cleaning
do
Power laundries
do
Trade:
Retail
do....
. Wholesale
do
Industrial disputes (strikes and lockouts):*
Beginning in month:
Work stoppages
number..
Workers involved_.
thousands..
In effect during month:
Work stoppages
number..
Workers involved
.thousands..
Man-days idle during month
do
U. S. Employment Service placement activities:
Nonagricultural placementst
thousands..
Unemployment compensation (Social Security Board):
Initial claims*
_ .thousands..
Continued claimsO
do
Benefit payments:
Beneficiaries, weekly average
do
Amount of payments
thous. of dol_.
Veterans' unemployment allowances:*
Initial claims
thousands
Continued claims
do
Number receiving allowances, weekly average..do
Amount of payments
thous. of dol..
Labor turn-over in manufacturing establishments:^
Accession rate..
monthly rate per 100 employees..
Separation rate, total
do
Discharges
do
Lay-offs
do
Quits
do
Military and miscellaneous
do
PAY ROLLS
Product ion-workers pay rolls, unadjusted index, all
manufacturing (TJ. S. Dept. of Labor) f--1939=100-.
Durable goods industries
do
Iron and steel and their products..
do
Blast furnaces, steel works, and rolling
mills
1939=100.Electrical machinery
do
Machinery, except electrical
do
Machinery and machine-shop products
do
Machine toolst
do
Automobiles
do
Transportation equipment, except autos
do
Aircraft and parts (excluding engines) t
do
Aircraft enginesJ
do
Shipbuilding and boatbuildingj
do
Nonferrous metals and products
do
Lumber and timber basic products
do
Sawmills (incl. logging camps)
do
Furniture and finished lumber products
do
Furniture
do
Stone, clay, and glass products
do
Nondurable goods industries
do
Textile-mill products and other fiber mfrs
do
Cotton manufactures, exc. small wares
do
Silk and rayon goods
do
Woolen and worsted manufactures (except dyeing
and
finishing)
1939=100..
Apparel and other finished textile products—do
Men's clothing
do
Women's cloth ing
do
Leather and leather products.._
do
Boots and shoes-..
do
Food and kindred products
do
Baking, .
do
Canning and preserving
do
Slaughtering and meat packing
do
40.8
40.3
40.8
38.7
40.0
39.8
40.3
38.6
39.3
39.8
39.4
37.7
39.6
39.5
39.3
37.4
40.0
39.7
39.2
38.0
40.3
40.0
39.4
37.4
40.4
40.2
40.6
39.6
37.5
38.2
37.5
38.2
38.2
38.2
41.0
45.9
41.0
45.1
40.8
38.6
26.4
42.0
46.3
40.7
41.7
27.3
39.2
44.3
40.7
38.2
43.4
40.8
45.7
39.5
31.7
36.0
39.6
45.4
40.4
37.9
42.8
40.9
46.5
40.9
41.6
49.4
43.7
40.2
41.6
49.0
43.8
39.5
41.3
49.2
44.2
39.4
40.9
49.3
44.5
39.3
41.5
48.4
45.2
39.7
43.4
43.5
44.0
43.5
42.9
43.1
43.8
43.3
40.5
41.9
40.4
41.8
40.3
41.7
376
569
40.4
40.2
39.4
38.2
40.3
40.0
40.0
39.0
38.7
38.8
37.2
37.7
41.8
40.6
46.1
39.9
39.2
42.9
41.0
46.1
41.2
35.7
41.7
39.9
45.4
40.4
41.6
48.6
45.4
39.3
41.0
47.5
44.8
38.5
41.9
47.7
44.4
39.1
41.6
47.3
43.5
39.3
43.2
43.4
42.6
43.0
42.9
42.9
42.2
43.0
40.9
41.4
41.3
41.4
41.3
41.7
40.9
41.8
388
181
563
228
560
227
499
356
40.2
40.0
40.7
'39.6
40.1
39.9
40.6
39.4
38.4
37.6
v 36.9
' 40. 9
46.7
42.2
45.8
39.5
'39.1
46.7
'41.2
'43.1
41.3
35.1
43.6
42.0
42.8
40.6
41.4
47.9
43.2
38.0
41.9
47.7
43.8
38.5
41.6
48.1
44.0
38.0
41.9
42.6
42.8
43.5
42.3
43.3
41.1
42.5
40.1
41.9
39.7
41.6
40.2
42.3
39.9
41.5
40.1
40.8
516
307
344
435
168
76
p 290
p 100
v 290
p 90
677
707
p 460
v 150
v 460
v 145
1, 225
'40.0
40.4
41.1
'39.8
v 325
* 100
v 500
p 160
P 850
440
147
504
566
698
1,010
13,800
827
768
1,180
14.300
1,510
13,700
758
455
910
408
965
425
853
499
848
467
4,580
3,970
3,900
4,880
6,220
391
421
461
457
479
530
522
532
547
440
358
366
980
761
5,395
682
3,895
4,141
620
3,491
909
5,504
541
4,604
580
6,649
1,120
6,486
699
i 4,683
774
7,464
1,011
4,982
i 974
i 71, 524
1, 592
127,013
1,402
110, 672
1, 315
103,889
1,174
92,982
1,069
88,480
839
765
710
78,047
63, 216
64,433
54,097
59, 370
397
4,423
801
7,353
1,507
148,958
741
602
657
7,690
6,982
7,828
2 1, 783 2 1, 744 1 1.720
155,175 150,063 152,648
602
7,147
M,650
148,016
449
413
7,685
1,6?6
160, 071
405
3,743
«877
74,421
583
638
444
4,345 '2 5, 242 ' 4, 504
2 935 1,168 '2 1,149
81,964 106, 586 88,364
7.1
6.6
.4
1.8
4.2
.2
6.7
6.3
.4
1.4
4.3
.2
7.4
5.8
.4
.6
4.6
.2
7.0
6.6
.4
.7
5.3
.2
7.1
6.9
.4
1.0
5.3
.2
21,001
89,052
690
6.1
6.3
.4
1.5
4.2
.2
6.7
5.7
.3
1.2
4.0
.2
4,900
6,128
* 1, 304 »1, 019
124,082 100,380
6.8
6.3
.4
1.0
4.7
.2
402
500
3,130
4,119
748
4.3
4.5
.4
.9
3.0
.1
5.7
4.9
.4
.7
3.7
.1
' 238.3
' 244. 8
' 225.1
' 254.8
' 275. 7
' 242.1
' 253. 5
' 275.1
' 232. 3
r 262. 8
' 289.1
' 240. 3
' 267.1
' 296. 3
' 247.5
' 284. 4
'316.1
' 265. 9
' 290.3
' 323. 3
' 273.6
' 292. 8
' 328.1
' 273.7
' 298. 2
' 331.1
' 280. 8
181.5
' 232. 3
r 287. 3
258.0
256.8
' 173.0
' 525. 5
524.0
384.4
548. 5
' 252. 1
' 219. 1
131.9
' 217. 9
184.3
' 223.1
' 232.1
-211.4
242.3
163.6
193.3
' 296. 6
••312.9
290.1
261.4
' 250.7
' 578. 7
553. 2
457. 8
555. 2
' 276. 2
' 231. 7
139.8
' 223.9
189.7
' 230.3
' 234. 4
' 214. 4
246.3
166.5
175. 8
' 323. 0
' 322. 5
283. 5
259.6
' 241.4
' 558. 3
565.9
469.2
498.5
' 281. 4
' 244.2
147.2
'221.6
188.3
' 230.2
' 232. 3
' 213.5
244. 3
166.9
182.0
' 347. 9
' 342. 0
296.4
270.4
' 259. 9
' 557. 5
585.5
469.4
483. 4
' 298. 6
' 261. 9
158.1
' 233.3
196. 2
' 241.4
' 237. 0
' 217. 2
248.2
166.8
191.8
' 351. 0
' 346. 2
299.4
262.3
' 292. 8
' 558. 7
605. 6
468. 9
468.8
' 303. 9
' 252.1
151.7
'231.9
194.2
' 242. 2
' 238. 5
' 213. 3
246.1
166.3
204.0
' 378. 9
' 362. 2
314.2
281. 4
' 319. 0
' 558.1
640.8
498.3
421.5
' 324. 2
' 285. 6
170.8
' 250.0
209.7
' 260.1
' 253.4
' 229. 4
275.5
181.4
206.3
' 397. 2
' 376. 2
322.3
285.5
' 330.3
' 524.1
663.9
507.8
352. 5
' 331. 8
' 285.2
168.1
' 254. 4
212.1
' 267.0
' 258.1
' 235. 5
281.7
180.9
203.2
' 408.1
' 388. 0
333.5
291.9
' 324. 3
' 542. 3
681. 3
530. 2
353.7
' 338. 8
' 292. 0
169.6
' 264. 2
220.3
' 271. 3
' 258. 3
' 241.1
285.4
189.3
208.7
'416.0
' 390.1
336.8
285. 5
' 325. 7
'531.1
680.4
484.3
336.8
' 345. 3
' 284. 7
163.5
' 268. 5
223.0
' 274. 8
' 266. 0
' 246. 0
293. 5
191.4
P 1, 250
348
1
731
i 4,487
893
0
74, 755 1 65,910
6.0
4.9
.4
.9
3.5
.1
p 4.9
P 4.4
v i4
P .8
P 3.1
v .1
' 306. 2
' 337. 2
' 276. 2
' 307. 3
' 339. 8
' 287. 9
310.7
344.5
287.8
193.9
430. 2
' 399. 0
346.7
290.7
328.9
571. 2
683.3
533. 7
399.1
'r 356. 3
290.6
163.6
p
279.1
230.7
r
281.6
' 275. 8
' 253.7
301.2
197.9
208.9
' 424. 6
' 405. 4
348.8
282.7
' 321.1
' 564.1
674.8
541. 7
394.2
' 354. 8
' 292. 2
163.4
' 282.1
' 234.8
' 280. 0
' 275. 5
' 254. 3
304.4
200.1
209.3
422.5
408.3
349.3
278.9
337.3
559.3
673.8
513.1
375.5
361.0
310.4
175.6
292.3
243.0
278. 4
277.7
262.0
309.1
206.9
r
234. 2
238. 5
238. 5
228.6
234.1
253. 0
251. 8
275. 0
237.7
243.7
242.7
242.7
' 259.1 ' 259. 0 ' 254. 2 ' 258. 6 ' 240. 3 ' 272. 5 ' 283. 0 ' 283. 6 ' 283.2 p 292. 7 ' 302. 4
315.5
210.4
170.0
182.7
206.7
174.1
175. 6
181.2
166.8
209.0
210.7
186.8
189.4
183. 0
172. 6
169.8
154.2
169.6
163.1
159.0
141.3
171.9
159.1
176.0
170.5
222.9
' 203. 6 ' 205. 3 ' 204.6 ' 204. 9 ' 198. 7 ' 199. 6 ' 204. 7 ' 199. 5 ' 201.6
218. 3 ' 220. 6
198.6
182.7
177.6
175. 4
185.3
184. 6
183.0
177.6
197.5
182.4
175.4
194.7
243.0
' 209. 7 ' 208. 5 ' 205. 1 ' 208. 2 ' 235.1 ' 254. 3 ' 246. 5 ' 232. 2 ' 252.0
263. 3 ' 256. 4
194.5
182.8
184.1
199.0
179. 3
170.8
168.8
178.5
201.1
187.5
190.8
209.0
137.9
132.1
212.9
387.4
149. 2
149.8
181.9
325. 8
324.7
158. 2
466.8
201.1
237.8
191.1
215.7
202.3
180.9
181.4
167.4
179.9
118.2
110.5
267.5
236.9
' Revised. JSee note marked " § " on p . S-10. O Small revisions in the data for January 1940 to May 1944 are available on request, i Partly estimated. * Preliminary.
2 Continued claims filed during week ended the last Saturday of the month: average number receiving payment has been discontinued.
• The series for "in effect during the month" continue data published in the Survey through the July 1944 issue. They include data for stoppages beginning in the month and
those continuing from nrevious months; data for 1944-45 are shown on p . 23 of December 1946 Survey.
<? Rates refer to all employes rather than to wage earners and are therefore not strictly comparable with data prior to 1943 published in the Survey.
•New series. Data on average hours for the telephone industry for 1937-43 are on p . 20 of the M a y 1945 Survey (see note for hours and earnings in the telephone industry at the
bottomofp.S-13of April 1946 Survey regarding a change in this series in April 1945) and data for the telegraph industry beginning June 1943 (the earliest available) are given in note on
p S-ll of the January 1945 issue; data beginning March 1942 for all other series on average hours are available in the May 1943 Survey and data back to 1939 will be published later.
The new series on veterans' unemployment allowances relate to readjustment allowances payable under the Servicemen's Readjustment Act of 1944; data beginning September 1944
for these series and beginning 1939 for initial unemployment compensation claims will be shown later (see note in April 1946 Survey for definition of initial claims).
fRevised series. Data beginning June 1942 for nonagricultural placements are available in the August 1943 Survey; earlier data will be published later. For information regarding
the revised indexes of production-worker pay rolls in manufacturing industries, see note marked " t " on r>. S-10.
May 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
1947
S-13
1947
1946
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Production-workers pay rolls, mfg. unadj.f—Con.
Nondurable goods industries—Continued
Tobacco manufactures
1939=100
Paper and allied products
_
_.do..
Paper and pulp
do
Printing, publishing, and allied industries
do
Newspapers and periodicals*
do.
Printing, book and job*
do.
Chemicals and allied products
..do.
Chemicals. __ .
do.
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do...
Rubber tires and inner tubes
do
Nonmanufacturing, unadjusted (U. S. Dept. of Labor):
Mining:t
Anthracite
1939—100Bituminous coal
do...
Metalliferous
do...
Quarrying and nonmetallic
do
Crude petroleum and natural gas!
-do..Public utilities:f
Electric light and power
.do--.
Street railways and busses
do...
Telegraph
do...
Telephone,
do_..
Servicesrf
Dyeing and cleaning
do...
Power laundries
do
Year-round hotels
do
Trade:
Retail, total!
do....
Food*
do....
General merchandisingt
_.do
Wholesale!
_
....do....
Water transportation*
do
171.3
' 235. 4
208.1
'183.8
154. 4
200.0
'317.0
276.3
' 237. 2
204.6
'313.0
217 9
' 298. 2
281.1
' 238. 9
221.3
'319.7
312.9
181.1
' 240.0
212.7
'186.4
160.9
197.0
'311.1
277.8
' 234. 4
221.5
' 322.1
314.2
283.0
' 242. 5
223. 3
'331.4
318.3
178.3
' 246. 4
218.4
' 193.3
163.7
209.1
' 315. 5
289.2
' 251. 0
228.0
' 321. 4
304.3
186.2
' 256. 5
227.8
' 198.1
168.8
210.4
' 320.0
288.0
' 253.1
228.7
' 336. 9
311.2
196.0
' 259. 3
228.0
' 203.1
175.6
215.8
' 329.1
289.6
' 257. 4
232.7
' 363. 9
348.9
178.5
230.9
102.1
172.6
144.4
165.1
26.0
102.0
192.5
144.0
180.4
97.4
106.4
189.9
145.4
182.7
243.8
126.9
207.7
147.1
156.5
198.4
132.4
213. 6
151.3
193.3
241.0
145.2
225.1
152.6
140.4
187.2
177.1
237.0
142.5
191.4
179.5
246.1
144.2
195.2
175.6
254.0
148.4
199.5
174.9
259.9
L50. 2
206.7
178.6
268.8
213.4
181.3
201.1
231.0
183. 3
201.1
227.0
186.2
204.6
236.6
190.9
205.0
160.9
163.9
173. 3
167.5
550.6
167.8
165.7
186.2
169.8
509.0
166.2
166.1
180.5
169.6
486.3
171.3
170.0
188.8
172.6
467.4
174.6
' 238. 6
209.9
' 185. 6
157.8
199.9
'318.8
282.7
184.1
' 247.0
216.7
' 191. 3
162.0
294.0
' 252. 7
228.2
' 361. 3
346.1
212.7
' 276. 6
240.3
' 214.0
182.0
227.9
' 345.0
301.3
' 252. 6
226.9
' 377. 4
360.3
' 357.0
313.4
' 250.9
' 230. 2
' 392. 2
' 368. 9
194.0
234.9
147.0
227.9
149.5
199.9
237.1
148.0
227.6
150.1
182.3
233.1
146.9
222.4
155.0
212.3
258.3
159.3
221.9
' 147.1
152. 4
211.2
178.5
267.6
153.3
207.9
177.3
265.0
155. 3
212.6
201.7
269.2
157.6
210.9
194.2
273.0
161.6
213.6
190.5
264.5
231. 3
193.3
204.9
216.9
188.4
225. 6
188.7
209.5
225.7
189.8
214.5
217.0
191.5
218.5
172.6
171. 5
187.1
174.5
490.1
174.6
177.2
188.1
177.3
478.8
180.8
173.5
199.0
182.8
182.5
174.6
204.8
184.5
i 422. 6
191.7
185.7
225.0
189.7
0)
207.4
' 268. 5
234. 9
' 208. 4
178.9
220.8
' 335. 3
222.9
' 284. 5
244. •
' 223.9
189.7
239.4
209.4
' 284. 3
245.6
' 219. 6
185.2
235.2
' 362.9
321.0
' 253. 8
' 227. 5
' 386. 3
' 361. 2
201.0
287.4
250. 5
221.7
191.0
234. 2
372.5
323.5
256.8
228.8
386.0
357.7
r
202. 0
' 265. 4
M56.8
204.8
' 153.8
184.7
248.7
162.0
205.6
153.8
159. 5
216.6
189.1
267. 5
163. 7
219.3
185.4
269.4
219.5
201.0
218.8
213.8
201.8
215.1
204.7
196.1
216.6
212. 2
194.6
272.4
197.2
187.7
189.4
213. 4
189.7
187.0
197.1
199.0
190.7
51.24
50.30
' 46. 96 ' 47. 09
' 49. 57 r' 49. 60
50. 64
49.67
' 47. 28
' 49. 72
50.31
48.59
' 49.13
52.87
52.62
56. 66
' 54. 98
' 55. 35
' 53. 46
56.89
57.21
' 50. 40
38.79
37.05
42.49
43.04
r
45. 89
r
44. 24
'r 50. 89
48. 57
' 53.13
52.99
56.17
' 54.14
' 54. 50
' 52. 49
56. 28
56.68
r 50. 05
39.16
37.52
' 42. 42
' 43. 35
'r 45. 48
44. 42
50.07
48.05
63.17
52.79
65.99
54. 33
54.02
53.26
54.77
54.63
50.27
41.15
40.05
42.86
44.03
45.43
44. 69
39.26
39.29
40.32
36.85
39.57
37.06
' 40.15
37.56
41.48
42.96
43.10
47. 44
37.23
41.78
44.14
39.83
38.65
46.93
47.55
37.93
51.73
38.12
46.87
49.92
38.11
'41.31
47.58
40.15
38.86
' 47. 31
46.32
36.55
' 57. 20
r
36. 74
46. 89
50.12
38.83
41.71
48.85
40.32
38.88
46.37
45.79
36.86
52.82
35. 44
47.36
50.75
56.50
62.28
54. 05
47. 37
54. 77
55. 20
58.02
r
54.17
60.00
56.88
63.34
53.88
48.12
55. 01
55. 39
57.99
54.27
59.90
r
r
WAGES
Average weekly earnings, manufacturing industries:
Natl. Ind. Con. Bd. (25 industries)
dollars..
46.44
46.92
46.16
47.64
48.74
49.14
47.20
49.79
50.14
U. S. Dept. of Labor, all manufacturing!
do
42.15
42.88
42.51
M7.47
43.38
44.99
45.39
43.31
45.73
45.79
Durable goods industries
do
p49.96
44.79
45.71
45.10
46.24
48.02
48.36
46.32
48.90
48.62
Iron and steel and their products!
do
46.80
47.28
45.74
46.80
48.78
49.29
46.74
49.86
49.91
Blast furnaces, steel works, and rolling
mills!
—
-.dollars-48.93
48.57
46.16
47.85
46.98
49.84
50.28
50.39
50.82
Electrical machineryf.
do
41.81
44.03
43.99
45. 59
45. 72
47.49
48.31
48.28
48.33
Machinery, except electricalt
do
48.82
48.94
48.32
49.76
50.04
50.99
51.74
52.57
52.06
Machinery and machine-shop productsj-do
48.29
49.26
47.86
49.49
49.70
51.15
51.05
51.91
51.38
Machine tools
do
52.92
51.92
52.01
62.44
53.86
54.07
54.45
55.61
55.90
Automobiles f
do
46.75
48.72
48.05
51. 15
49.32
53.80
53.37
53.41
53.83
Transportation equipment, except autos.__do
50.51
52. 50
52.09
53.70
53. 32
53. 91
52.65
54.32
52.37
Aircraft and parts (excluding engines)
do
50.53
51.68
51.63
53.01
52. 55
53.84
53.73
53.81
52.53
Aircraft engines*
do
52. 80
54.08
55.26
54.72
55.91
56.08
56.93
57.31
51.06
Shipbuilding and boatbuilding
do
51.32
53. 43
52.79
55.20
53.99
54.41
50.91
53.96
51.47
Nonferrous metals and products!
do
46.92
47.29
47.18
46.68
47.61
48.00
48.55
48.92
49.24
Lumber and timber basic products!
do
34.88
35.34
36.01
35. 60
37.62
38.78
38.73
39.21 ' 37. 74
Sawmills (inch logging camps)
do
33.47
34.02
34.71
34.66
36. 56
37.75
37.69
37.84
36. 37
Furniture and finished lumber products!...do
37.78
38. 21
37.88
38. 37
38.73
40.09
40.86
41.73
41.62
Furniture!
do
38.46
39.16
38.87
38.80
39.31
40.85
41.62
42.42
42.41
Stone, clay, and glass products!
do
40.98
41.47
41.00
41.80
42.01
43.23
44.03
44.46
44.91
Nondurable goods industries
do
39.83
40.13
39.93
40.46
40.28
41.89
42.34
42.45
42.87
v 44. 80
Textile-mill products and other fiber
manufactures!
dollars..
34.69
34.98
34.80
35.02
37.54
34.76
37.00
38.09
38.38
Cotton manufacturers, except small wares!
dollars ..
31.79
31.36
31.58
31.75
31. 64
34.81
35.35
35.57
36.14
Silk and rayon goods!
do
35.11
35.10
34.64
34.94
37.42
37.20
38.67
34. 74
Woolen and worsted manufactures
(except dyeing and
finishing)!
dollars..
41.29
41.67
41.81
41.63
41.18
42.44
41.88
42.40
41.67
Apparel and other finished textile products!
dollars..
35.92
36.01
35.28
35.23
33.83
37.25
36.48
36.54
36.68
Men's clothing!
do
37.50
37.04
37.68
38.18
35.84
39.14
38.11
41.39
38.89
Women's clothing §
do
46.29
46.83
45.10
44.02
42.67
47.82
47.45
43.28
46.25
Leather and leather products!
do
37.58
37.37
37.35
37.34
36.46
37.49 ' 37.07
36.74
37.24
Boots and shoes
do
36.97
36.67
36.77
36.14
35.38
36.18
35.17
35.76
35.65
Food and kindred products!
do
40.76
40.47
40.70
41.09
43 22
43.59
44.34
44.84
43.85
Baking
do
41.74
41.49
41.14
41.42
43. 81
44.60
44.63
46.01
45.45
Canning and preserving!
do
35.48
33.71
34.64
35.78
38.89
41.50
41.12
35.28
40.82
Slaughtering and meat packing
do
42.77
42.56
43.99
43.05
48.05
41.11
48.37
51.15
43.06
Tobacco manufactures!
do
32.48
32.95
33.52
33.83
33.24
35.25
34.16
36.66
36.47
Paper and allied products!
do
42.03
41.97
42.10
42.74
43.12
44.57
44.26
46.08
45.61
Paper and pulp
do
44.87
44.80
45.20
45.34
46.06
47.55
47.56
49.37
49.05
Printing, publishing, and allied industries!
dollars..
51. 09
50. 93
51.10
51.73
51.79
53. 96
53.01
54.28
55.11
Newspapers and periodicals*
do
55.63
54.86
56.07
56.08
66. 62
60.04
58.09
60. 28
61.11
Printing, book and job*
do
49.18
49.51
48.77
49.82
50.03
51.50
50.83
51.50
52.60
Chemicals and allied products!
do
43.28
42.94
43.31
43.95
44.67
45.41
44.91
45.50
45.88
Chemicals
do
50. 58
50. 25
50.29
50.69
52.09
52.61
51.81
52.87
52.96
53.27
Products of petroleum and coal!
do
53.30
52.80
53.34
54.19
55.25
54.36
54.38
54.50
Petroleum refining
do
56.61
55. 86
56.49
56.46
57.02
58.35
57.10
57.32
57.11
49.67
Rubber products*
do
46.46
49.82
50.45
50.60
53.69
51.03
51.74
52 93
Rubber tires and inner tubes..
do
64.77
49.72
54.72
54.82
56.11
59.89
55.42
57.38
58! 87
1
' Revised.
v Preliminary.
Data for October 1946, relate to the end of the preceding month. Data for the week ending September 15th are not
57.03
62.95
' 54. 98
' 47.14
54.15
r
54. 55
r
57. 80
r
r
54. 63
60.46
'
'
'
'
r
available.
. .
- „
•-„ ~—• transportation are shown on p. 31 of the June 1943 Survey. Data beginning
nn
1932 for the newspapers and printing, book and job, industries will be published later; see November 1943 Survey for data beginning August 1942. Data for the aircraft engine industry
beginning 1939 will also be published later.
tRevised seiies. See note marked " f on p. S-10 regarding revisions in the indexes of pay rolls in manufacturing industries and reference to revised data and note marked "f" on
p. S-U for reference to revised data for pay rolls in nonmanufacturing industries. The indicated series on average weekly earnings and average hourly earnings (p. S-14) have been
shown on a revised basis beginning in the March 1943 Survey (see note in that issue for an explanation of the revision); data prior to 1942 have not been published in the Survey
and will be shown in a later issue; there were no revisions in the data for industries that do not carry a reference to this note
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
1946
1947
March
May 1947
March
April
May
June
July
August
1947
September
October
Novem- December
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Average hourly earnings:
Natl. Ind. Con. Bd. (25 mfg. industries)
dollars..
v 1.179
U. S. Dept. of Labor, all manufacturing!
do
v 1. 236
Durable goods industries!
do
Iron and steel and their products!
do....
Blast furnaces, steel works, and rolling mills!
do....
Electrical machinery!
do—
Machinery, except electrical!
do
Machinery and machine-shop products!_.do
Machine tools
do—
Automobiles!
do
Transportation equipment, except autos!__do
Aircraft and parts (excluding engines)
do
Aircraft engines*
do
Shipbuilding and boatbuilding
do
Nonferrous metals and products!
do
Lumber and timber basic products!
do
Sawmills (incl. logging camps)
do
Furniture and finished lumber products!—do
Furniture
do—
Stone, clay, and glass products!.
do
Nondurable goods industries!
do
Textile-mill products and other fiber manufactures!
dollars..
Cotton manufactures, except small wares!
dollars..
Silk and rayon goods!
do
Woolen and worsted manufactures (except
dyeing and
finishing)!
dollars.
Apparel and other finished textile products!
dollars..
Men's clothing!
do
Women's clothing §
...do
Leather and leather products!
do
Boots and shoes
do
Food and kindred products!
do
Baking
.do
Canning and preserving!
do
Slaughtering and meat packing
...do
Tobacco manufactures!
do
Paper and allied products!
do
Paper and pulp
do
Printing, publishing, and allied industries!_do
Newspapers and periodicals*
do
Printing, book and job*
do
Chemicals and allied products!
do
Chemicals
do
Products of petroleum and coal!
do
Petroleum refining
do
Rubber products!
do
Rubber tires and inner tubes
do
Nonmanufacturing industries (U.S. Dept. of Labor)*:
Building construction
dollars..
Mining:
Anthracite
do
Bituminous coal
do
Metalliferous
do
Quarrying and nonmetallic
do
Crude petroleum and natural gas
_—do
Public utilities:
Electric light and power
do
Street railways and busses
do
Telegraph
do
Telephone t-do
Services:
Dyeing and cleaning*
...do
Power laundries*
do
Trade:
Retail
do
Wholesale
do
Miscellaneous wage data:
Construction wage rates (E. N. R.):l
1.123
Common labor
dol. per hr.
1.92
Skilled labor
do
Farm wages without board (quarterly).
dol. per month.. i107.00
Railway wages (average, class I)
dol. per hr..
Road-building wages, common labor:
United States average.
-do.
1.146
1.035
1.103
1.169
1.165
1.058
1.131
1.186
1.180
1.071
1.147
1.190
1.189
1.084
1.165
1.206
1.194
1.093
1.177
1.216
1.217
1.112
1.186
1.222
1.229
1.126
1.201
1.241
231
130
202
239
1.243
1.139
1.210
1.247
1.247
' 1.148
' 1. 216
1.248
' 1.161
' 1. 225
1.262
1.290
1.036
1.172
1.154
1.214
1.264
1.264
1.233
1.259
1.324
1.113
.848
.826
.888
.913
.985
.975
1.294
1.096
1.179
1.103
1.220
1.302
1.316
1.253
1.293
1.389
1.131
.856
.834
.903
.930
1.004
.988
1.290
1.131
1.204
1.180
1.251
1.325
1.333
1.268
1.339
1.403
1.149
1.303
1.148
1.223
1.202
1.277
1.347
1.350
1.302
1.343
1.416
1.163
.908
.888
.927
.950
1.041
1.003
1.314
1.158
1.232
1.212
1.269
1.354
1.366
1.325
1.348
1.436
1.166
.910
.892
.937
.957
1.057
1.009
1.305
1.169
1.246
1.228
1.291
1.373
1.359
1.323
1.354
1.431
1.177
.928
.911
.957
.982
1.063
1.036
1.325
1.185
1.260
1.238
1.300
1.385
1.356
1.323
1.357
1.426
1.192
.935
.915
.977
1.002
1.087
1.050
303
186
266
245
306
376
359
326
363
432
.195
.936
.913
.990
.014
.096
.056
1.310
1.191
1.273
1.249
1.322
1.394
1.364
1.326
1.373
1.441
1.204
.931
1.314
r 1. 195
1.277
1.257
1.322
' 1. 395
1.362
'1.325
1.357
1.430
'1.210
.931
.901
1.007
1.034
1.119
'1.077
' 1. 332
' 1. 200
1.283
1.262
1. 326
' 1. 391
1.355
'1.318
1.358
1.421
' 1. 219
.963
.936
'1.014
' 1. 046
'1.124
' 1.093
.875
.877
.924
.940
.948
.955
.959
.803
.850
.803
.858
.875
.906
.922
.892
.931
.941
.900
.944
1.024
.873
.858
.838
.917
.943
1.019
.845
1.024
1.114
1.065
.970
.914
'.974
1.034
1.037
1.010
1.027
1.300
.982
.955
1.013
1.003
.960
1.144
.893
1.037
1.085
1.315
1.495
1.232
1.110
1.281
1.368
1.453
1.323
1.507
.997
1.024
1.266
.987
.960
1.035
1.042
.983
1.147
.905
1.500
1.102
1.325
1.511
1.238
1.102
1.278
1.347
1.428
1.313
1.492
1.086
1.211
1.004
.978
1.046
1.045
'.950
1.137
.924
1.064
1.111
1.343
1.528
1.259
1.112
1.288
1.351
1.429
1.322
1.503
1.006
1.089
1.223
1.018
.995
1.058
1.051
.982
1.119
.947
1.071
1.119
1.374
1.569
' 1. 295
1.133
1.316
'1.362
'1.434
'1.331
'1.513
1.482
1.510
1.526
1.549
1.569
1.037
' 1.093
1.295
1.025
.998
' 1. 084
1.056
.975
' 1. 206
'.938
1.085
1.129
1.379
1. 572
' 1. 298
1.143
r 1. 327
r
1. 372
r
1. 446
r
1. 333
'1.513
1. 594
1.598
1.466
1.212
1.016
1.307
1.611
1.480
1.221
1.042
1.334
1.593
1. 460
1.210
1.047
1.308
1.582
1.477
1.219
1.045
1.334
1.613
1.491
1. 232
1. 052
1.353
' 1. 594
1.490
' 1. 229
' 1. 0,^8
'1.3.53
1.258
1.097
.910
1.135
1.260
1.099
.910
1.129
1.291
1.110
.914
1.148
1.284
1.130
1.067
1.137
.834
.703
.826
.698
.832
.693
.839
.708
.859
1.135
.876
1.146
1.155
.893
1.148
1.004
1.76
1.018
1.77
1.034
1.80
1.058
1.81
.949
97.40
1.065
1.091
1.139
106. 00
1.136
.75
.76
.78
.81
1.010
1.014
1.014
1.017
.961
.981
1.222
.917
.896
.943
.920
.859
1.051
.830
.957
1.001
1.235
1.400
1.166
1.033
1.211
1.307
1.383
1.138
1.275
.993
1.234
.928
.904
.952
.930
.885
1.072
.830
.966
1.010
1.248
1.423
1.171
1.045
1.220
1.332
1.420
1.232
1.414
.956
.997
1.211
.942
.921
.961
.931
.887
1.087
.848
.983
1.030
1.266
1.443
1.186
1.064
1.234
1.342
1.419
1.266
1.446
.951
.999
1.191
.950
.923
.972
.945
.898
1.095
.846
.993
1.038
1.278
1.449
1.203
1.084
1.243
1.347
1.431
1.283
1.461
.941
.985
1.180
.954
.927
.904
1.115
.851
1.007
1.053
1.287
1.459
1.212
1.098
1.256
1.355
1.437
1.292
1.472
1.116
.885
1.020
1.070
1.299
1.475
1.220
1.102
1.260
1.347
1.427
1.295
1.474
1.411
1.423
1.431
1.444
1.473
1.376
1.274
1.071
.930
1.308
1.352
1.239
1.090
.959
1.293
1.382
1.321
1.133
.967
1.287
1.559
1.474
1.180
.994
1.322
1.562
1.457
1.205
1.004
1.311
1.222
1.001
.851
1.105
1.219
1.025
.886
1.131
1.236
1.049
.905
1.143
1.275
1.053
.908
1.147
.815
.833
.688
.831
.703
.841
1.101
.851
1.121
1.74
.80
1.009
1.263
.972
.945
1.015
1.039
W
1.045
1.302
1.125
1.063
1.131
1.337
1.142
1.062
1.132
.854
.708
.854
.729
.867
.739
.874
.745
.908
1.179
.907
1.172
.917
1.186
.919
1.202
.951
1.197
1.071
1.82
1.072
1.85
1.073
1.85
1.078
1.86
1.085
1.86
1.109
1.89
1.130
1.155
104.00
1.132
1.146
1.150
.86
.84
r
1.313
1.165
1.069
1.132
106. 00
.83
.87
PUBLIC ASSISTANCE
Total public assistance
mil. of dol..
Old-age assistance, and aid to dependent children and
the blind, total
mil. of dol..
Old-age assistancedo
General relief
do
96
107
110
114
116
94
74
11
99
76
11
102
77
12
103
78
13
r
Revised. » Preliminary. § Sample was changed in November 1942; data are not strictly comparable with figures prior to that month, i Rate as of April 1.
• The comparability of the series was affected by a change in the data in July 1945; see January 1946 Survey for June 1945figureson both the old and the new basis.
t Data beginning April 1945 are not comparable with earlier data; see note for hours and earnings in telephone industry at the bottom of p. S-13 of the April 1946 Survey.
1 Rates as of March 1,1947: Construction—common labor, $1,138; skilled labor, $1,935.
*New series. Data on hourly earnings for 1937-43 for the telephone industry are shown on p. 20 of the May 1945 Survey (see also note marked " t " above regarding a change in the
data in April 1945) and data for the telegraph industry beginning June 1943 are on p. S-14 of the January 1945 issue. Data on hourly earnings beginning March 1942 for the other
nonmanufacturing industries and beginning August 1942 for the printing and publishing subgroups are available, respectively, in the May 1943 and November 1943 issues, and data
back to 1939 will be published later.
! Revised series. See note marked " f on p. S-13-
SURVEY OF CUEEENT BUSINESS
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
1947
1946
1947
March
S-15
March
April
May-
June
July
August
September
October
Novem- December
ber
January
February
FINANCE
BANKING
Agricultural loans outstanding of agencies supervised
by the Farm Credit Administration:©
Total
mil. of dol.
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives, total
do
Banks for cooperatives, incl. central bank._do
Agr. Marketing Act revolving fund.
do
Short term credit, total
do
Federal intermediate credit banks X
do
Production credit associations
do
Regional agricultural credit corporations...do
Emergency crop loans
do
Drought relief loans
do
Bank debits, total (141 centers)f__
do
New York City
do....
Outside New York City
do
Federal Reserve banks, condition, end of month:
Assets, total
do
Reserve bank credit outstanding, total
do
Bills discounted
do
United States securities
___
do
Gold certificate reserves®
do
Liabilities, total
do
Deposits, total
do
Member bank reserve balances
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation
do
Reserve ratio
percent,.
Federal Reserve weekly reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
__mil. of dol_.
Demand, except interbank:
Individuals, partnerships, and corporations^ do
States and political subdivisions.
do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations.do
States and political subdivisions
do
Interbank, domestic
do
Investments, total
do
U. S. Government obligations, direct and guaranteed, total
mil. of dol_.
Bills
_do___.
Certificates.__
do
Bonds (incl. guaranteed obligations)
do
Notes
do
Other securities
do
Loans, total
do
Commercial, industrial, and agricultural
do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol..
Real estate loans
do
Loans to banks
do
Other loans
do
Money and interest rates: f
Bank rates to customers:
New York City
.percent..
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N. Y. F. R. Bank)*
do
Federal land bank loansd"
do
Federal intermediate credit bank loans
do
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)
do.._.
Average rate:
Call loans, renewal (N. Y. S. E.)
do
U. S. Treasury bills, 3-mo
do
Average yield, U. S. Treasury notes, 3-5 yrs.:
Taxable*
do...
Savings deposits, New York State savings banks:
Amount due depositors
mil. of dol
U. S. Postal Savings:
Balance to credit of depositors.
do
1,559
1,048
919
129
182
175
2
444
31
296
2
86
29
83, 505
33, 547
49, 958
1,776
1,209
1,015
194
144
138
3
423
29
252
4
105
33
79,119
35,670
43, 449
1,770
.1,198
1,012
186
125
120
3
448
31
274
4
106
32
79, 330
37, 208
42,122
1,777
1,188
1,009
179
124
119
3
466
32
291
4
106
32
77, 518
35,085
42, 433
1,779
1,182
1,008
174
118
115
3
479
34
304
4
105
32
78,191
34,972
43, 219
1,770
1,169
1,001
168
124
118
3
477
33
305
4
104
32
82,374
37,357
45,017
1,751
1,151
989
162
130
125
2
470
32
302
3
102
31
73,900
30, 216
43,684
44, 931
23, 431
538
22, 593
19, 222
44, 931
18, 249
15, 2G4
24,162
45.3
44,892
23, 630
626
22, 601
18,075
44, 892
17,659
14,853
627
23,993
43.4
43, 652
23, 357
279
22,732
18,097
43,652
17,451
15,606
959
23,925
43.7
43,807
23, 518
254
22,932
18,092
43,807
17,365
15, 653
807
24,064
43.7
44,828
24,456
157
23,783
18,103
44,828
18, 206
16,123
1,112
24,191
42.7
44,625
24,164
245
23,633
18,105
44,625
17,906
15,991
856
24, 244
43.0
45,045
24, 748
331
23,946
18,098
45,045
18,294
16, 245
1,085
24, 412
42.4
38, 206
36, 553
38, 242
38,941
39, 241
39,362
39, 303
39,237
38,915
2,407
1,971
10, 660
10, 395
196
8, 815
37, 696
36, 320
2,281
14,008
9,776
9,597
131
9,659
49,975
38,041
2,456
12, 363
9,881
9,704
129
9,533
49, 380
2,433
11,377
10,030
9,851
128
9,153
48,983
39,374
2,318
7,665
10,132
9,958
121
9,430
46,161
39, 508
2,274
7,299
10, 214
10,020
139
9,374
45,750
39, 273
2,245
6,556
10, 280
10,075
145
9,242
44,905
39,418
2,370
4,680
10,344
10,133
153
9,286
42,631
34,151
641
4,032
26, 985
2,493
3,545
17,150
11,171
793
46, 529
1,039
11,345
27,088
7,057
3,437
15, 272
7,506
2,354
45,986
1,052
10,608
27, 402
6,924
3,387
15,053
7,473
2,204
45, 586
1,014
10,359
27,471
6,742
3,390
14,904
7,482
2,167
42,742
1,026
9,905
26,748
5,063
3,413
14,888
7,611
1,953
42, 269
773
9,605
26,936
4,955
3,481
14,912
8,018
1,604
41, 463
758
8,762
27,089
4,854
3,442
15,078
8,496
1,371
39,088
679
6,547
27,228
4,634
3,543
15,477
9,164
1,253
937
1,690
164
2,395
2,334
1,157
86
1,835
2,224
1,195
91
1,866
2,113
1,228
74
1,840
1,966
1,284
154
1,920
1,837
1,332
189
1,932
1,696
1,367
172
1,976
1,455
1,424
127
2,054
1.00
4.00
1.63
1.75
2.34
2.
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.84
2.51
2.97
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.83
2.43
2.75
1.00
4.00
1.50
.81
1.00
1.50
.44
.75
1.25
.44
.75
1.25
.47
.75
1.25
.50
.75
1.25
.59
.77
1.25
.71
.81
1.50
1.38
.376
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.38
.375
1.12
1.18
1.15
1.13
1.14
1.22
1.24
1.22
1.22
1.18
1.18
9,340
8,502
8,560
8,634
8,762
8,825
8,875
8,919
8,958
9,013
9,159
9,232
9, 278
3,379
3,043
3,066
3,091
3,120
3,160
3,188
3,207
3,235
3,260
3,277
3,331
3,358
P344
1.17
1,741
1,136
979
157
151
146
2
454
30
291
31
74,552
31,397
43,155
1,717
1,117
966
151
180
175
2
421
30
264
3
93
31
81,583
33,913
47, 671
1,690
1,099
954
145
189
183
2
401
33
245
3
91
30
77,193
31,088
46,105
44,813
24, 594
213
24,049
18,095
44,813
18,060
15,910
725
24,448
42.6
44,889
24,109
253
23, 518
18, 229
44,889
17,579
15,931
567
24, 583
43.2
93, 547
41.252
52, 295
1,662
1,068
932
135
195
187
2
399
35
245
2
87
29
83, 452
34, 305
49,147
1,555
1,060
928
133
194
187
2
416
32
266
2
86
29
72, 943
29,498
43,198
45,647
24,791
316
23,944
18,310
45, 647
18,083
16,513
1,063
24,799
42.7
45,006
24,093
163
23,350
18, 381
45,006
17,353
16,139
562
24,945
43.5
45, 957
24, 754
308
23, 941
18, 627
45, 957
18, 928
16,063
663
24, 387
43.0
46, 547
24, 846
356
24,117
19,113
46, 547
19,489
15,895
39,653
40,135
39,981
39, 902
38, 686
39,851
2,308
4,640
10, 364
10,159
145
9,235
42,461
40, 638
2,270
3,524
10, 380
10,158
162
9,148
41, 243
40,922
2,269
1,795
10, 490
10, 256
165
9,442
39, 459
39, 866
2,339
1,706
10,517
10, 295
153
8,918
39, 031
39,143
2,289
2,006
10,627
10, 393
164
8,770
38,171
39,044
660
6,729
27,183
4,472
3,417
16,093
9,759
1,208
37,859
741
5,641
27,045
4,432
3,384
16,548
10,143
1,325
36,029
886
5,202
26, 902
3,039
3, 430
16, 694
10, 269
1,375
35, 636
392
5,245
26,803
3,096
3,395
16, 774
10,499
1,140
34, 790
361
4,408
26, 917
3,104
3,381
16,885
10, 712
1,086
1,343
1,473
188
2,122
1,233
1,513
146
2,188
1,118
1,563
67
2,302
1,597
201
2,339
970
1,633
148
2,336
1.00
4.00
1.50
1.00
4.00
1.50
1. 85
2.43
2. 76
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
.81
.81
1.50
.81
.88
1.50
.81
.94
1.50
.81
1.00
1.50
.81
1.00
1.50
.81
1.00
1.50
1.38
.375
1.38
.375
1.38
.376
1.38
.375
1.38
.376
1.38
.376
1,661
1,085
944
140
188
182
2
389
34
234
3
•"847
24, 320
43.6
CONSUMER SHORT-TERM CREDIT
Total consumer short-term debt, end of month*..do
7,376
7,618
9,959 p 9, 771 v 9, 716
7,911
8,317
8,551
9,373
8,006
Instalment debt, total*
do
2,507
2,652
2,789
3,464
2,908
3,029
3,654
3,986 p 4, 049 v 4,160
3,175
3,297
Sale debt, total*
do....
905
1,004
1, 609
957
1,035
1,124
1,177
1,261
1,559 p 1, 567
1,070
1,358
Automobile dealers*
..do
264
*>631
289
318
336
394
425
505
544
466
365
Department stores and mail-order houses*_do
188
*>338
200
206
210
221
235
284
257
*>338
212
338
Furniture stores*
do
^354
279
J>349
288
295
299
308
322
299
337
311
Household appliance stores*.
do
*>30
14
15
16
22
17
25
20
23
26
Jewelry stores*
_
_
do...
» 104
59
60
61
63
123
64
65
72
66
63
r
Allother*
_
_
_do
101
105
108
110
115
111
118
125
160
134
r
Revised. * Preliminary. § Includes open-market paper. \ For bond yields see p. S-19.
>
0 Effective Nov. 1,1946, jurisdiction over the emergency crop and drought relief loans included above was transferred to the Farmers Home Administration.
t Excludes loans to other Farm Credit Administration agencies,
cf Rate en all loans: see note on item in April 1946 Survey.
® Effective June 12,1945, only gold certificates are eligible as reserves.
• A rate of 0.50 was in effect from Oct. 30,1942-April 24,1946, on advances to member banks secured by Government obligations maturing or callable in 1 year or less.
•New series. Data beginning December 1940 for the series on taxable Treasury notes are available on p. S-14 of the April 1942 and later issues of the Survey; since Dec. 15. 1945,.
this series represents price of Treasury bonds of Dec. 15,1950. For information regarding the series on consumer credit see note marked "*" on p. S-16.
fBank debits were revised in the September 1943 Survey to include additional banks; see p. S-15 of that issue for revised figures for May-December 1942.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
May 1947
1946
March
April
May-
June
July
1947
August
September
2,051
792
158
100
84
535
280
102
2,418
1,883
841
2,120
825
164
103
86
544
295
103
2,495
1,911
October
Novem- December
ber
January
February
FINANCE—Continued
CONSUMER SHORT-TERM CREDIT—Con.
Total consumer short-term debt—Continued.
Instalment debt—Continued.
Cash loan debt, total*
..mil. of doL.
Commercial banks*
do
Credit unions
do
Industrial banks*
do
Industrial loan companies*
.do
Small loan companies
do
Insured repair and modernization loans* do
Miscellaneous lenders*
do
Charge account sale debt*
___do
Single payment loans*
do
Service credit*
do
Consumer instalment loans made by principal lending
institutions:
Commercial banks*
mil. of doL.
Credit unions
do
Industrial banks*
do
Industrial loan companies*
do
Small loan companies
do
p 2, 638
v 1, 088
v 198
v 128
v 108
P627
p 380
v 111
p 2, 775
p 2, 066
P877
v 217
P39
P °5
P24
1,602
564
132
82
73
462
194
95
1,972
1,705
804
1,695
608
137
85
76
482
210
97
2,138
1,771
815
1,785
656
142
88
78
492
231
98
2,188
1,819
822
1,873
700
149
92
79
506
248
99
2,327
1,846
830
1,959
745
154
96
81
520
263
100
2,281
1,860
132
24
18
16
103
138
25
18
16
105
148
28
19
16
97
148
28
19
17
99
156
29
20
17
106
164
30
20
18
110
156
31
20
18
37, 765
5,226
590
4,636
601
1,479
29, 069
19, 688
18. 368
4,390
2,536
2, 455
715
675
361,400
61,363
25 199
63!947
210,891
37,911
5,255
592
4,663
597
1,475
29,335
19, 701
18, 382
4,400
2,531
2,703
566
683
343,080
37, 944
25, 233
63,834
216, 069
225, 877
106, 743
32, 923
7,496
16,881
36,694
25,140
216, 264
101, 276
28, 974
8,120
16, 950
35, 604
25, 340
p 2, 482
p 996
P 185
P 122
p 102
P 6'0
2,203
864
170
108
90
555
312
104
2,621
1,950
853
2,298
907
175
112
94
574
328
106
2,859
2,002
858
2,427
958
184
117
98
616
344
110
3,054
2.055
176
34
21
19
107
172
33
22
20
122
191
p 188
25
168
p 100
38,079
5,289
592
4,697
594
1,475
29, 504
19, 754
18,425
4,454
2,522
2,774
540
677
352, 230
38,807
23, 085
71,062
219, 276
38,281
5,317
593
4,724
591
1,474
29, 642
19,673
18, 343
4,493
2,527
2,949
550
707
350, 547
50, 716
25,306
64,910
209,615
38,459
5,365
592
4,773
590
1,472
29,678
19, 558
18,231
4,502
2,517
3,101
581
773
348,274
39, 224
22, 572
61, 902
224, 576
38, 813
5,437
593
4,844
584
1,471
30, 043
19, 574
18,225
4,531
2,490
3,448
473
805
491, 797
94,380
32,320
92, 701
272, 396
39. 032
5,480
59~
4,888
601
1,470
30. 177
28. 533
18, 19°
4,551
2.498
3, 586
532
773
414,523
73. 068
37. 833
69, 466
234, 156
210, 898
93, 979
28, 773
7,334
16, 964
38, 415
25, 433
235, 775
111, 755
35, 899
7,996
17, 721
36, 232
26,172
213, 743
99, 258
31, 022
6,999
16,466
35, 226
24, 772
258,173
108, 249
32, 312
7,888
15, 550
63, 581
30, 593
266, 447
116, 105
39, 995
8.747
22, 581
50 818
28, 201
P347
P 110
v 2, 764
p 2, 089
P869
p 22
LIFE INSURANCE
Life Insurance Association of America:
36,882
37, 274
37,080
37, 552
39, 450
Assets, admitted, totalJA
mil. of dol
5,189
5,148
5,163
5, 213
5, 601
Mortgage loans, total
do..
581
569
575
587
593
Farm
do__.
4,588
4,608
4,579
4,626
5, 008
Other
do..
622
608
632
602
Real-estate holdings
do..
597
1,494
1,488
1,484
1,500
Policy loans and premium notes
do..
1,471
28, 823
28, 367
28,545
28, 927
Bonds and stocks held (book value), total
do..
30, 10°
19, 551
19, 357
19,413
19, 645
Govt. (domestic and foreign), total
do..
19, 274
18,090
18, 239
18,035
18,323
U. S. Government
do__
17,880
4,312
4,332
4,298
4,322
Public utility
do..
4, 568
2,549
2,583
2,556
2,563
Railroad
do..
2,496
2, 271
2,357
2,404
2,149
Other
do__
3,764
571
465
383
651
Cash
do..
878
685
852
675
701
Other admitted assets
do..
801
P r e m i u m collections, t o t a l ®
thous. of dol
411, 308 390,879 328, 586 368,987 368, 226
40, 283
38, 324
47,047
43,661
Annuities
do _ _
50, 339
21, 663
21, 975
24,090
20, 413
Group
do..
24, 554
59,268
66, 580
72, 043
71,010
Industrial
do. _
74. 64°
Ordinary
do._
261, 773 252,118 207, 372 233,385 237, 446
Institute of Life Insurance:*
P a y m e n t s to policyholders a n d beneficiaries,
254,135 236, 574 235, 837 221, 997
total
. t h o u s . of d o l . .
116, 356 110,072 108, 866
98, 789
Death claim payments
do.
34, 479
35, 793
29, 860
35, 374
M a t u r e d endowments
do_
7, 459
7,987
7,438
7,584
Disability payments
do.
16, 278
16, 227
17, 309
16,904
Annuity payments.
do.
38, 690
49, 559
44, 063
39, 253
Dividends
_do.
29, 596
28, 213
24, 538
27,856
Surrender values, premium notes, etc
do.
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance):f
Value, total
thous. of dol__ 1,845,995 1,816,315 1,971,219 1,956,796 1,863,485
Group
do.
181,315 113,803 138,376 145, 517 183,743
Industrial
do.
381, 519 355, 691 359, 324 359, 369 338,999
Ordinary, total
do_
,283,1 «i 1,346,821 1,473,519 1,451,910 1,340,743
95, 427
99,114 109, 744 103, 665
New England
do.
87, 521
Middle Atlantic
do.
314. 208 364, 915 395, 030 363, 065 336, 659
East N o r t h Central
do.
280, 199 296, 874 321, 302 314,327 290,952
West North Central
do.
123. 723 123,992 135,065 136,475 130,779
South Atlantic
do.
137. 364 142, 648 159, 507 158, 822 145,156
59, 598 55, 645
52, 013
57, 384
East South Central
.do
49, 69°
99,120 109, 597 121,878 107, 384
West South Central
do.
102. 648
43, 772 40, 797
38, 662
43, 983
Mountain
do.
41, 67?
Pacific.
do.
146,134 129,483 141,907 150, 308 137, 944
MONETARY
STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso_.
Brazil, free d"
dol. per cruzeiro..
.054
British India
dol. p e r r u p e e . .
.30?
Canada, free rate§
dol. per Canadian doL_
.94°
Colombia
dol. per peso__
.570
Mexico
do
.206
United Kingdom, free rate
dol. per £ . _
4.027
Gold:
Monetary stock, U. S
mil of d o L . p 20 462
Net release from earmark*
thous. of dol
203, 54;
Goldexportsi
do...
17,691
Gold imports^
do...
171, 325
Production, reported monthly, total 0
do...
Africa
do...
Canada ©___
do...
United States ©
.do..,
r
1,952,159 1,796,758 1,710,536 1,796,548 1,648,423 1,962,873 ,741,639
284,896 200, 518 238,591 198, 701 162,146 475, 709 184, 095
323.861 323, 504 346,116 347,220 343,113 290, 439 328.518
1,343,402 1.272,736 1,125,829 1,250,627 1,143,164 1,196.725 1,329,026
87,873
76, 533
94. 184
76, 411
92, 405
83, 317
73, 205
327,627 301, 929 259,183 311,142 283, 614 274,362 325,519
292, 432 282,453 249,867 273,028 253, 324 263, 294 278. 083
127,881 125,687 112, 704 118, 363 108,934 121, 356 117,441
154, 781 142,193 128, 777 141,415 126,228 132,946 121, 406
49,697
46, 441
41.814
44, 003
54, 326
53, 232
47, 732
95, 720
95, 921
87, 868
112,081 108,188
94,957
88,917
41,644
44,353
36, 348
42, 803
37, 774
43, 087
38,138
139, 036 132, 650 121, 266 131, 745 123.959 141,519 126,363
.298
.052
.301
.907
.570
.206
4.034
.052
.301
.908
.570
.206
4.034
.298
052
.302
.907
.570
.206
4.033
.298
.052
.302
.906
.570
.206.
4.034
.298
.052
.302
.967
.570
.206
4.034
.298
.054
.302
.968
.570
.206
4.034
.298
.054
.302
.963
.570
.206
4.033
.298
.054
.302
.960
.570
.206
4.032
.298
.054
.302
.952
.571
.206
4.031
.298
.054
.302
.954
.571
.206
4.029
.298
. 054
. 202
.951
.571
.206
4.029
20, 256
19,729
361
31, 757
50, 656
34,090
8,677
3,639
20, 251
15, 090
28, 423
7,889
53, 900
38,047
8,338
r 3, 226
20, 242
27,461
28, 707
1,679
55, 857
39,959
8,412
3,158
20, 270
15,010
748
37, 077
54, 749
39,101
8,203
3,416
20, 267
7,996
2,529
8,877
57,193
40,050
8.384
3,993
20, 280
60,123
10,816
26, 027
60, 795
38,949
8,092
8,310
20, 305
12, 306
31,846
24, 217
57, 221
37, 802
8,047
20, 402
115,690
806
24, 989
59, 463
39, 286
8,429
5,930
20,470
127, 485
733
78, 636
' 50,162
r 37,170
8,092
4,900
20, 529
82, 830
115,915
54,722
51,805
37, 589
7,961
6,255
20. 748
196. 080
102, 59^
85. 774
53,126
37, 330
8, 184
7,612
Revised.
* Preliminary. |36 companies which had 81 percent of the total admitted assets of all United States legal reserve companies at end of 1945.
® Reported by 39 companies which had about 79 percent of the total business outstanding of United States legal reserve companies at the end of 1945.
A In January 1944 one company was replaced by a larger one; for revisions October-December 1943 see December 1944 Survey; earlier 1943 revisions are available on request.
d" See September 1946 Survey and earlier issues for official rate; the official market was abolished July 22,1946. Free rate prior to August 1945 is available upon request.
§The official rate for Canada was $0,909 from March 1940, when first quoted, through July 4, 1946, and $1,000 thereafter; the average rate for July 1946 was $0,983.
^Publication of data was suspended during the war period; data for November 1941-February 1945 will be published later. • Or increase in earmarked gold (—).
© See notes in the April 1946 and August 1946 issues regarding revisions in the data for 1941-44 and January-May 1945.
*New series. Estimates of consumer short-term credit as originally compiled are published in the November 1942 Survey and the general estimating procedure is described in that
issue; data for various components have subsequently been revised; there have been recent minor revisions in the data for single payment loans and the total (dollar figures and index)
and earlier revisions that have not been published, as indicated in the note marked " * " o n p . S-15 of the April 1946 Survey. See November 1942 Survey, p. S-16, for a brief description
of the series on payments to policy holders and beneficiaries and data for September-December 1941 and early 1942.
fRevised series. All series for insurance written are estimated industry totals and for group and industrial insurance are not comparable with data published prior to the March
1946 Survey (see note in that issue); data for 1940-44 for these series will be shown later; data for ordinary insurance continue the data from the Life Insurance Sales Research Bureau
published in the 1942 Supplement and subsequent monthly issues.
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1947
March
S-17
1947
1946
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
FINANCE—Continued
MONETARY STATISTICS—Continued
Money supply:
27,885
28,245
28,952
>28, 265 ' 28, 304
27,879
28,254
Currency in circulation
mil. of dol v 28, 228
28,120
28,507
28,448
28,861
28,600
Deposits adjusted, all banks, and currency outside
banks, total*
mil. of dol P165, 100 173,600 174,400 173, 500 171, 237 ' 170,700 '170, 600 '160,200 ' 170,000 '169, 500 '167,107 ' 165,900 ' 165,400
Deposits, adjusted, total, including U. S. deposits*
mil. of dol. _ »139,100 147, 500 148,200 147,200 144, 721 '144,300 '144,000 '143,700 '143,500 '142,800 '140,377 139,800 '139,200
v 80, 400
75,000
Demand deposits, adjusted, excl. U. S.*
do
77,500
79,476
78,600
80,300
80, 600 ' 81,400 ' 82,400 ' 83,000 ' 83, 314 ' 82, 500 ' 80,600
54,200
v54,900
54,700
Time deposits, including postal savings*...do
50,100
50,700
51,829
51, 200
52,400 ' 52,700 ' 53,000
53, 200 ' 53,400 ' 53, 960
Silver:
6,579
3,523
888
2,945 ' 12, 700
ExportsA
thons. of dol
119
268
322
1,147
106
166
858
273
5,332
1,602
13, 295
4,589
2,918
7,861
930
1,187
5,557
do .
7,089
4,385
11, 595
8,283
ImportsA
.
_.708
.773
.708
1.708
.867
.765
.723
Price at New York •
dol .per fine oz.
.901
.901
.901
.901
.901
.708
Production:
767
1,166
1,056
1,038
1,175
1,013
842
Canada
thoiis. of fine oz
953
929
1,267
1,186
2, 464
3, 713
_do
513
2,928
344
409
1,063
2,993
United States
2,561
1,395
2,583
2,940
P R O F I T S AND DIVIDENDS (QUARTERLY)
Industrial corporations (Federal Reserve): c"
941
323
604
Net profits, total (629 cos.)
mil. of doL.
'698
22
97
Iron and steel (47 cos )
dn
67
r Qfl
49
108
Machinery (69 cos.)
4 19
3?
do
49
102
21
Automobiles (15 cos.)
do
2 d 5
'53
Other transportation equip. (68 cos.)..
2 51
38
do
54
20
Nonferrous metals and prod. (77 cos.)
41
do
26
12
56
Other durable goods (75 cos )
37
41
do
65
124
74
Foods, beverages and tobacco (49 cos.)
do
56
93
Oil producing and refining (45 cos.) .
62
do
r 77
63
77
66
Industrial chemicals (30 cos )
67
do
62
91
71
Other nondurable goods (80 cos.)
do
77
82
93
87
Miscellaneous services (74 cos.)... .
80
do
Profits and dividends (152 cos.):*
116
471
Net profits...
. .
250
do
'310
Dividends:
20
21
21
Preferred
do
20
146
209
Common
153
do
149
196
156
151
Electric utilities, net income (Fed. Res.)*.
142
do
d
'2.9
do
184.1
Railways, class I, net income (I. C. C.)
48.4
123.7
Telephones, net operating income (Federal Communica72.7
68.9
70.7
tions Commission) .._.
mil. of dol._
60.4
PUBLIC FINANCE (FEDERAL)
U. S. war and defense program, cash expenditures, cu351,465 332, 432 334,995 337,110 339,264 340, 497 342,061 343,051 344, 536 345,955 347,341 348, 651 350, 035
mulative totals from June 1940:*
mil. of dol
U. S. Savings bonds:*
50, 407
50, 772
50, 995
Amount outstanding
.
. _
48, 756
49,053
49,864
48,849
48,936
49,638
49,723
49,336
do
49,493
49,560
952
616
712
626
571
668
594
453
576
494
519
Sales, series E, F, and G
do
590
753
483
398
449
621
634
504
552
519
Redemptions .
418
482
489
537
478
do
259, 124 276, 012 273,898 272, 583 269, 422 268, 270 267, 546 265,369 263, 532 262, 277 259,148 259, 776 261, 418
Debt, gross, end of month®.,
._
.do
Interest bearing:
230, 618 253, 613 251, 487 249,960 245, 779 243, 994 242,916 240,364 238, 340 236, 671 233,064 233. 601 233,176
Public issues.
do
24, 777
24, 938
22,322
25. 183
21, 224
21,135
24, 254
24,585
21, 481
24,015
23,045
Special issues to trust accounts, etc
do .
23, 443
23,854
1, 399
3,324
1,264
3,305
1,188
1,351
1,143
1,311
1,116
1,500
1,151
1,231
1,187
Noninterest bearing .
do
Obligations fully guaranteed by U. S. Gov 't:
262
181
542
362
175
542
331
533
467
378
Total amount outstanding (unmatured)
324
391
370
do
Expenditures and receipts:
3,005
3, 946
3,492
4,602
5,513
4,251
2,557
3,618
3,677
2,851
3,023
4,514
Treasury expenditures, total
2,796
1,412
2,442
1,457
1,428
2,550
2,182
1,436
2,560
1,481
1,580
1,509
1,190
1,100
do
War and defense activitiesJ .
71
21
1
16
5
23
95
32
27
200
631
13
Transfers to trust accounts %
do.
48
952
343
124
626
646
1,395
105
174
106
122
648
160
249
do
Interest on debt
1,180
2, 350
1,383
1,294
989
1,065
1, 438
1,316
1,671
1,335
1,152
2,444
All other J
1,070
do
4, 643
3,860
4,482
2,734
5,762
2,639
5, 724
2,998
4,113
2,617
2,600
4,481
Treasury receipts, total
2,717
do
3,820
4,378
2,364
5,701
5,747
4,479
4,107
2,677
2,733
2,544
2,434
4,478
Receipts, net
2,539
do
47
36
42
45
45
42
35
45
43
39
42
Customs
44
40
do
3, 415
4,274
'3,693
5,583
2,403
2,310
2,308
4,080
2,230
5, 446
2,494
4,291
Internal revenue, total..
2,251
do
2, 664
3, 222
1,444
4,838
3,392
2,886
4, 650
1,603
1,407
1,404
1,513
1,489
3,550
Income taxes
do
58
89
387
76
118
100
285
74
290
65
302
89
Social security taxes
67
do
Net expenditures of Government corporations
-32
108
-161
-28
45
106
-757
-59
mil. of dol
-18
187
-96
136
wholly owned*
-870
Government corporations and credit agencies:t
30,409
27, 572
29,569
33, 553
Assets, except interagency, total
mil. of dnl
6,649
5,425
5,297
5,949
Loans receivable total (less reserves)
do
2,884
2,935
2,873
2 860
To aid agriculture
do
659
825
759
704
To aid home owners
do
195
171
196
171
To aid railroads
do
192
200
196
182
To aid other industries
do
19
22
20
25
To aid banks
do
295
185
235
237
To aid other financial institutions
do
2,284
655
1,632
989
Foreign loans
do
do
715
641
623
656
All other
1,265
1,918
1,459
1,429
Commodities supplies and materials mil nf Hni
1,873
1,789
1,767
1,836
U. S. Government securities
do
547
285
390
401
Other securities
do
16,924
15, 557
20, 784
16,973
Land structures and equipment
do
3,152
do
2,992
2,961
3, 480
All other assets
5,752
5,004
5,101
6,856
Liabilities, except interagency, total...
do
Bonds, notes, and debentures:
_
325
261
377
536
Guaranteed by the United States.
..do
1,252
1,234
1,250
1,133
Other
do
3,377
3,588
4,193
5,187
Other liabilities
do
498
482
496
479
Privately owned interests
do
24,810
24, 069
21,338
U. S. Government interests..
26, 218
do....
2
'Revised.
v Preliminary.
« Deficit.
*
i Average for July 11-31.
Partly estimated.
<> Data are on the basis of Daily Treasury Statements (unrevised)
g
A Data contain series published in the 1942 Supplement but suspended during the war period; data for November 1941-February 1945 will be published later.
• Quotations are for foreign silver through July 1946; thereafter they apply also to domestic and Treasury silver if such silver enters into New York market transactions,
cf For 1941-44 data for 629 companies and the industrial groups, see p. 31 of the October 1946 Survey.
% For 1941 revisions see p. S-17 of the November 1942 Survey.
• New series. For data for 1929-40 for profits and dividends of 152 companies see p. 21 of the April 1942 Survey; 1941-44 revisions are available upon request. Data beginning
July 1940 for expenditures for the U. S. war and defense program are shown on p. 29 of the June 1943 Survey; beginning July 1945 data are from the Treasury Daily Statements. See
note marked " • " on p. S-17 of the February 1947 Survey for references to brief descriptions and the earliest data published for the series on net income of electric utilities, bank
deposits and currency outside banks, and U. S. savings bonds; data for the bank deposits, etc., beginning January 1947 are for the last Wednesday of the month instead of the end of
the month. Data for expenditures of Government corporations have been shown on a revised basis beginning in the September 1946 Survey: see note in that issue for an explanation.
t Revised series. Data for government corporations and credit agencies have been shown on a revised basis beginning in the May 1946 Survey; data for certain items were further
Digitized revised in the October 1946 issue (see note on p. S-18 of the February 1947 Survey for further information on these series).
for FRASER
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
May 1947
1946
March
April
May
July
June
1947
August
September
October
Novem- December
ber
January
February
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Continued
Reconstruction Finance Corporation, loans outstanding,
end of month totalf
mil. of dol
Banks and trust cos., incl. receivers...
'~do~~~~
Other financial institutions
do
Railroads including receivers
Loans to business enterprises, except to aid in national
defense
mil. of dol
.do .
National defense
do
Other loans and authorizations
1,298
182
144
144
1,776
223
89
172
1,680
221
87
171
1,689
219
85
171
1,474
214
83
171
1,453
212
81
148
1,433
208
51
147
1,327
206
50
147
1,273
203
49
147
1,279
203
49
147
1,287
201
50
147
1,270
188
54
146
1,268
186
60
146
178
310
415
175
689
427
140
642
420
143
656
416
171
419
416
168
429
415
158
459
410
160
358
406
158
318
397
165
320
396
168
327
395
172
318
391
174
312
390
1,305
1,937
1,786
1,542
1,859
1,360
1,088
1,276
1,320
1,957
••1,717
1,348
1,168
280
74
63
1,680
425
154
103
1,579
637
146
61
1,257
377
129
156
1,633
495
99
126
1,178
345
34
148
1,016
195
55
17
1,208
315
24
43
1,148
457
125
47
1,799
660
138
20
r
1 232
91
49
67
417
134
79
194
10
888
805
83
682
424
140
99
19
1,255
967
71
844
299
430
77
38
943
793
150
663
421
182
35
24
879
755
124
672
289
342
9
33
1,186
1,053
132
497
399
41
3
54
863
778
65
267
134
113
20
1
821
742
77
383
214
126
40
3
893
703
50
629
540
63
19
8
691
619
71
818
232
487
47
52
1,139
936
170
321
233
45
33
'II
1,396
1 170
226
208
116
68
8
15
1,141
921
97
405
666
825
643
703
518
261
377
617
807
'316
202
99
55
44
289
257
2
30
17
213
148
65
433
320
57
56
21
153
91
62
658
514
28
116
14
245
169
77
331
285
14
32
67
327
198
129
351
265
46
40
25
344
126
219
164
94
50
21
10
138
101
37
117
38
18
60
6
202
160
42
169
36
122
12
5
511
329
183
86
74
6
6
19
623
557
66
173
97
59
17
12
r
38
2
148
101
47
49
18
15
16
5
126
94
15
78
1
77
192
2
190
412
198
195
138
6
132
98
1
97
289
127
154
424
5
418
76
7
69
405
206
166
179
10
135
35
9
26
325
131
171
338
181
156
9
8
1
421
326
91
41
6
34
3
3
0
130
108
16
111
13
98
19
16
3
210
71
133
124
108
17
40
21
19
530
470
53
61
18
33
18
18
0
226
145
70
483
411
72
47
35
12
229
136
92
43
r
14
29
33
28
5
113
88
22
67
47
20
8
7
2
,096,711 1,044,800
373, 340 309,593
373, 340 301, 752
289,600 191, 930
6,855
22, 420
61,321 102, 967
7, 841
0
723, 371 735, 207
698, 371 727, 605
362, 663 663,502
325,685
17,180
10,024
46, 923
7,602
25,000
866,896
424, 631
424,631
307, 350
9,145
108,136
0
442, 266
422, 766
366, 065
40, 580
16,120
19, 500
931,287
491,013
491,013
366,543
0
124,470
0
440, 274
385, 774
345,174
32, 920
7,680
54, 500
569,921
419,510
418, 510
354,302
0
64,208
1,000
150,411
125, 661
92, 057
32, 920
684
24, 750
431,025
231, 340
231,340
170, 290
0
61,050
0
199, 685
198,925
144,180
38, 455
16,605
760
551,683
352, 955
352,955
256,539
47,265
49,150
0
198,728
198, 728
65, 208
132, 645
875
0
761,054
659,364
659,364
589,878
0
69,486
0
101, 690
101,690
86, 316
13,395
1,979
0
,011,544
788,447
788, 447
668,968
0
119, 479
0
223, 097
189, 597
105, 385
33,940
50, 271
33,500
622, 874
487, 806
487, 229
251, 532
20, 835
214, 862
577
135, 067
135, 067
102, 635
21, 500
10, 932
0
437, 652
258, 679
248, 584
118, 248
34, 300
96, 035
10, 095
178, 973
178, 973
30, 924
24, 035
1,203
0
SECURITIES ISSUED
Securities and Exchange Commission:!
Estimated gross proceeds, total
mil. of dol .
By types of security:
do
Bonds notes and debentures, total
do . . .
Corporate
do
Preferred stock
do .
Common stock
By types of issuers:
do .
Corporate, total
Industrial
_.
do .
Public utility
Rail
do .
Other (real estate and financial)
Non-corporate, total <>
8
do
TJ S Government
do . .
State and municipal
New corporate security issues:
do _
Estimated net proceeds total
Proposed uses of proceeds:
do _
New money total
Plant and equipment
. .
do
Working capital
..
do _
Retirement of dobt and stock
Funded debt
do .
Other debt
Preferred stock
...
do
Other purposes
_
Proposed uses by major groups:§
do
Industrial, total net proceeds
do
New money
..do....
Retirement of debt and stock
Public utility, total net proceeds
New money
do
Retirement of debt and stock
do
Railroad, total net proceeds
.
New money
-- do
Retirement of debt and stock .
do
'Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)%
thous. of dol_.
New capital totalj
do_ __
do
Domestic, totalf
do
Corporatet
- do
Federal agencies
.
Municipal State etc
. . . do
do
Foreign
.do....
Refunding total t
..do....
Domestic, totalt
Corporatet
Federal agencies
- -- do
do
Muncipal State etc
do
Foreign
_
Domestic issues for productive uses (Moody's):
Total
mil. of dol._
..do....
Corporate
Municipal State etc
-Bond Buyer: State and municipal issues:
Permanent (long term)
thous. of dol..
Temporary (short term)
1 645
r
249
r 15
r
57
r
r
r
183
r
138
r
45
r
131
82
r
r
r
r
855,196
635, 063
614, 603
309,822
11, 695
292, 546
21, 000
220,132
191,132
139, 824
49, 725
1,583
29, 000
561,878
200,549
199,649
127,415
15,970
56,264
900
333,873
333, 874
283,970
22,980
' 3, 724
23,200
362
265
97
117
67
50
199
144
55
188
104
84
236
153
83
306
210
96
239
175
64
188
127
61
293
246
47
528
459
69
649
533
116
261
115
146
142
71
71
347, 621
145, 837
88,974
23,909
85,176
57,582
143,933
14, 734
130,851
56,461
138, 678
141,185
67, 526
3,482
89, 389
131,893
53,290
62, 729
78,194
47,388
175, 449
10,685
228, 929
77,979
100,184
' 81, 067
576
936
895
856
745
723
631
583
571
573
622
712
575
697
547
669
442
653
377
647
305
729
253
720
238
723
537
453
217
693
533
216
677
809
370
498
651
- 210
687
217
681
102. 95
103. 36
77.00
105.29
105. 69
82.69
103.89
104.25
82.88
104.03
104.40
83.16
104.21
104. 61
81.64
103.52
103.92
80.97
103.10
103.49
80.15
102.15
102.56
77.95
102.46
102.88
77.19
102.00
102.41
76.89
102. 64
103. 07
76.18
102. 89
103. 30
77.12
102.86
103. 27
77.20
122.4
124.5
124.3
123.7
123.9
124.0
123.8
122.8
121.8
121.6
121.5
122.6
122.7
116.6
123. 7
112.6
113.6
66.1
132.5
120.1
124.5
115.9
119.9
82.7
143.4
119.9
124.4
115.8
119.6
83.6
144.1
119.5
123.9
116.0
118.6
81.8
142.1
119.5
123.9
116.0
118.7
83.2
142.0
119.1
123.4
115.3
118.5
80.1
140.9
119.1
124.0
115.4
117.7
78.8
140.0
117.4
123.3
114.7
114.3
65.4
137.8
115.8
122.2
112.9
112.3
62.7
136.0
115.9
122.5
112.6
112.7
63.6
136.8
115.9
123.0
111.9
112.9
67.7
133.4
116.3
123.5
111.2
114.3
68.3
134.4
116.8
123.7
112.4
114.3
69.2
133.1
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members carrying
margin accounts)!
Customers' debit balances (net)
•Cash on hand and in banks
Money borrowed
Customers' free credit balances
mil of dol
do
.do....
..do....
-- -
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.).dollars..
Domestic
.
. . . _i . . d o . . . .
..do...
Foreign _
_
Standard and Poor's Corporation:
Industrials, utilities, and rails:
High grade (15 bonds)
dol. per $100 bond,
Medium and lower grade:
doComposite (50 bonds)
do . .
Industrials (10 bonds)
..do...
Public utilities (20 bonds)
do . .
Railroads (20 bonds)
...do...
Defaulted (15 bonds)
...do...
Domestic municipals (15 bonds) t
f
Revised. §Small amounts for "other corporate," not shown separately, are Included in the total net proceeds, all corporate issues, above.
ISince February 1945 data are from the New York Stock Exchange except for June and December data are estimates based on reports for a sample group of firms.
^Includes for certain months small amounts for nonprofit agencies not shown separately. JSee note in the April 1946 Survey regarding revisions in the data for 1944.
tRevised series. The classification of Reconstruction Finance Corporation loans was revised in the November 1943 Survey (see note in that issue); the figures include payments
unallocated, pending advices, at end of month. There nave been unpublished revisions in the 1941-44 data for security issues compiled by the Securities and Exchange Commission
as indicated from time to time in notes in the Survey; and revisions in the 1945 data as shown in the September 1946 and earlier issues; all revisions will be shown later. For an ex of the revision in the price series for municipal bonds and data beginning February 1942, see p. S-19 of the April 1943 Survey; earlier data will be published later.
planation
May
SURVEY OF CURRENT BUSINESS
1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
S-19
1946
March
April
May
June
July
1947
August
September
October
104.1
103.3
103. (
Novem- December
ber
January
February
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Prices—C ontinued
U. 8. Treasury bonds (taxable) f_. dol. per $100 bond-.
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value.
thous. ofdol
Face value
do
On New York Stock Exchange:
Market value
do
Face value
_
do
Exclusive of stopped sales (N. Y. S. E.), face
value, total
thous. of doL.
U. S. Government
do
Other than U. S. Government, total...do
Domestic.
_
__do
Foreign
...do...
Value, issues listed on N. Y. S. E-.Face value, all issues
_
mil. qf dol..
Domestic
do
Foreign
..do.—.
Market value, 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:
Industrials
_
do
Public utilities
_
do....
Railroads
do.._.
Domestic municipals:
Bond Buyer (20 cities)
do
Standard and Poor's Corp. (15 bonds)
do
U. S. Treasury bonds, taxable t_do
106.6
104.8
105.3
104.9
98,956
121,413
107, 506 89,462
131, 595 107,064
83,438
97,833
72, 691 104,881
94,121 167,352
85,870
131,885
63,187
81,491
91, 234
113,002
100,481
123,634
84,330
100,995
73,706
91,898
73,743
90, 590
69,459
85,918
69,346
90,244
81,197
125,782
75,582
35
75, 547
68,860
6,687
105,018
720
104,298
95,912
122,337
10, 318
112,019
104,968
7,051
93,952
4,299
89,653
84,310
5,343
84,033
256
83,777
77,609
6,168
79,886
181
79,705
72, 473
7,232
78,010 149, 259 112,738
279
468
392
77,731 148,791 112,346
72,441 142,298 106,488
6,493
5,290
5,858
136,937
134,806
2,132
140,978
139,336
1,641
138,831
136,423
2,407
146,181
144,190
1,990
138,519
136,143
2,375
143,904
141,936
1,969
138,364
135,968
2,396
143,944
141,951
1,992
136,648
134,281
2,367
142, 406
140, 474
1,932
136,596
134, 257
2,339
141,407
139, 513
1,894
104.6
106.5
67,522
89, 587
136,714
134, 441
2,273
140,958
139,137
1,822
99,647
160,265
136,838 136,880
134, 569 134,644
2,236
139, 784 140,245
138,015 138, 520
1,769
1,726
95,127
225
94,902
89,201
5,701
136, 787
134, 584
2,203
139,521
137,827
1,694
127, 553 125, 491
126
265
127, 288 125,365
120, 544 118, 519
6,846
6,744
79,987
98
79,889
74, 530
5,359
137, 006
134,859
2,148
140, 966
139,310
1,656
137,106
134,956
2,150
141,033
139, 373
1,660
137.165
134, 995
2,170
140, 793
139,139
1,653
2.83
2.79
2.78
2.60
2.70
2.84
3.15
2.59
2.69
2.84
3.17
2.o7
2.65
2.79
3.13
2.55
2.64
2.79
3.12
2.64
2.75
2.98
2.65
2.76
3.05
2.66
2.77
3.05
2.66
2.77
3.04
2.63
2.73
3.00
2.61
2.72
3.00
1.73
1.75
2.28
1.66
1.84
2.26
1.78
1.80
2.25
1.85
1.97
2.24
1.81
1.92
2.21
1.97
1.99
2.21
2.71
2.71
2.73
2.79
2.47
2.54
2.69
2.94
2.46
2.56
2.69
2.96
2.49
2.59
2.73
3.03
2.48
2 59
2^72
3.03
2.51
2.62
2.74
3.03
2.58
2.68
2.80
3.10
2.61
2.73
3.02
2.54
2.64
2.80
2.57
2.65
2.78
2.60
2.69
2.84
2.59
2.70
2.85
2.58
2.69
2.86
2.58
2.70
2.89
1.90
2.32
2.19
1.29
1.49
2.09
1.37
1.45
2.08
1.36
1.54
2.19
1.41
1.55
2.16
1.51
1.60
2.18
1.58
1.65
2.23
2.66
66, 551 121,416 100, 265 73, 249
97, 458 161, 049 136, 235 100, 247
62,101 116, 541 95, 470 68,979
91,836 154, 937 130,028 95, 349
2.61
2.69
2.83
3.17
2.71
2.51
2.58
2.73
3.02
2.55
2.64
2.80
3.15
104.4
103.9
2.82
2.67
2.79
103.7
2.82
Stocks
Cash dividend payments and rates, 600 cos., Moody's:
Total annual payments at current rates-.mil. of doL. 2,195. 70 i, 908. 54 1, 919. 71 1,911.77 1,943. 39 1, 957. 89 1,952.00 1, 954. 89 2,002. 26 2, 065.80 2,110. 73 2,128. 87 2,195. 70
954. 65 954. 65
Number of shares, adjusted
millions.. 954.65
941.47
941.47 941.47 941. 47 941.47 941. 47 941.47 954. 65 954.65 954.65
2.30
2.23
2.08
2.30
2.06
2.07
2.10
2.21
Dividend rate per share (weighted average) .dollars
2.03
2.03
2.08
2.04
2.16
3.21
3.21
3.21
3.21
3.21
3.21
3.20 * 3.20
3.20
Banks (21 cos.)
do.
3.21
3,21
3.21
3.21
2.35
2.22
2.03
2.32
2.01
2.02
2.05
2.19
Industrials (492 cos.)
_.
do.
1.96
1.97
2.03
1.97
2.12
2.59
2.59
2.58
2.59
2.58
2.58
2.59
2.59
Insurance (21 cos.)
do.
2.58
2.58
2.58
2.58
2.59
1.95
1.92
1.82
1.95
1.81
1.82
1.88
1.90
Publio utilities (30 cos.)
do.
1.81
1.81
1.81
1.81
1.90
2.66
2.75
2.65
2.75
2.71
2.71
2.59
2.77
Railroads (36 cos.)
do.
2.81
2.65
2.71
2.81
2.76
Cash dividend payments publicly reported:*
963.1
Total dividend payments.
_..
.mil. of dol._
342.1
138.6
455.1
344.0
517.3
394.5
166.3
404.5
160.5
561.1
Manufacturing
do
71.1
276.9
146. 5
133.9
288.1
152.1
244.8
78.7
86.8
Mining
"do"""
74.1
2.6
23.9
3.6
50.0
4.3
4.1
21.3
.9
4.2
Trade
do
6.6
40.9
90.2
33.3
28.6
5.6
23.0
19.6
29.7
9.9
Finance
Ido""
18.4
31.8
45.9
98.1
25.4
51.3
87.2
28.9
51.9
24.0
Railroads
do
7.6
17.3
32.5
22.4
44.4
30.8
17.0
5.3
12.4
2.0
Heat, light, and power
do
28.7
34.8
37.8
34.9
46.2
46.3
46.1
40.5
45.1
31.2
Communications._
IdoII II
.3
12.6
13.5
12.5
48.0
.2
14.3
49.6
47.5
.3
Miscellaneous
_
do
3.3
16.9
16.2
14.6
9.9
6.2
34.8
9.0
11.6
2.1
Prices:
Average price of all listed shares (N. Y. S. E.)
82.4
81. 1
103.2
80.2
100.2
99.1
89.6
82.4
Dec. 31,1924=100..
95.8
79.3
78.5
63.78
65.83
63.64
62.66
76.63
76.98
77.59
73.81
63.97
73.01
75.02
61.10
Dow-Jones & Co. (65 stocks)
dol. per share
61.77
181. 54
176. 66
205.81
207. 32 202. 27 199.44 172. 72 169.48
206.63
194. 37
168.94 174. 38 176.10
Industrials (30 stocks)
_
do
35.05
37.17
36.02
42.93
42.51
51.18
36.55
40.96
40.93
34.58
43.03
35.23
Public utilities (15 stocks)...
do
40.38
49.59
64.30
66.64
36.77
51.74
63.22
61.45
47.28
49.56
49.24
64.77
49.15
Railroads (20 stocks)
"do
62.89
141.86
144. 63 140.10 136.45 118.36
114.00 114.14 118. 34 119.06
122. 29
118.07
143.47
New York Times (50 stocks)
_
do
136. 03
233.85 236.11
237.16
231. 21 225.97 198.49
191. 65 190.32 197.29
199.92 204. 82
198.46
Industrials (25 stocks)
.
do
222. 79
38.24
49.88
52.11
39.59
4899
36.58
37.97
38.21
39.77
37.70
50.84
46.93
Railroads (25 stocks)
IIIIIdo"II
49.27
Standard and Poor's Corporation:
125.2
128.7
123.7
146.4
153.2
149.6
125.4
151.6
154.3
122.3
120.6
125.5
141.8
Combined index (402 stocks)
1935-39=100..
128.5
132.6
127.7
156.9
150.4
155.9
158.8
153.4
128.8
125.9
123.8
128.9
144.5
Industrials (354 stocks)
do
117.6
121.6
117.1
142.7
139.4
141.7
135.2
112.4
111.5
117.9
138.9
114.6
130.8
Capital goods (116 stocks)...
do .
133.8
133.5
139.7
166.7
170.1
172.0
132.3
130.0
133.5
159.3
159.2
162.7
136.9
Consumer's goods (191 stocks)
do
110.7
107.3
130.4
111.4
127.5
129.3
107.2
105.5
109.8
122.8
125.3
127.7
109.7
Public utilities (28 stocks)
do
109.9
114.7
161.8
156.8
157.2
110.2
113.3
118.8
118.8
153.6
147.1
153.6
119.0
Railroads (20 stocks)
do
Other issues:
106.2
103.9
101.2
120.2
118.9
115.9
118.7
107.5
116.6
116.5
105.0
108.5
108.7
Banks, N. Y. C. (19 stocks)
do..-122.3
125.8
122.4
133.9
119.4
117.6
144.2
141.8
136.9
134.7
113.8
115.8
141.6
Fire and marine insurance (18 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
._
thous. of doL. 927,888 1,480,187 1,869,130 1,774,725 1,409,683 1,223,124 1,163,513 1,902,717 1,296,654 1,118,029 1,273,035 L,100,006 1,143,785
53, 518
70,514 56,794 47, 768 45,915 81,805
54, 552 51,669 56, 527 47, 312
60,206
72,381
Shares sold
thousands.. 37, 227
On New York Stock Exchange:
1,
,
Market value..
-thous. of dol— 770,103 ,217,250 1,504,771 1, 427,037 1, 149,180 014,338 982,461 1,616,631 1,103,151 950, 904 1,074,021 918, 463 943, 861
34,109
36,609 47,002 46,326 35,865 32,188 32,196 60,438 38,919 36,955 39, 723 32,628
Sharessold
thousands.. 25,302
Exclusive of odd lot and stopped sales (N. Y.
23, 758
23,557
25,664 31,427 30,410 21,717 20,595 20,807 43,450 30,384 23,819 29,834
Times)
thousands- 19,337
Shares listed, N. Y. S. E.:
68,839
69, 627
77,932 80,943 84,043 80,929
79,132 74,350 66,864 66,115 65,741
68,595
Market value, all listed shares.
.mil. of dol— 67,608
1,792
1,738
1,779
1,786
1,645
1,666
1,686
1,719
1,750
1,756
1,764
1,771
1,628
Number of shares listed
_
_.millions._
r
Revised.
*New series. For data for dividend payments for 1941-42, except for minor 1942 revisions, see p. 20 of the February 1944 Survey; revisions in the 1942figuresshown on that page
and 1943-44 figures are on p. 31 of the February 1947 issue. Final revisions for 1946 beginning March are shown above; revisions for January and February 1946, respectively, are
as follows (millions of dollars): Total, 365.1, 151.2; manufacturing, 136.5, 68.7; mining, 2.8, 1.0; trade, 24.7, 9.5; finance, 86.6, 30.4; railroads, 19.5, 7.2; heat, light and power, 38.6, 32.1;
communications, 47.9, 0.3; miscellaneous, 8.5, 2.0.
t Revised series. Revised figures through 1943 for prices and yields of U. S. Treasury taxable bonds and a description of the data are on p. 20 of the September 1944 Survey.
Yields through December 1945 for partially tax-exempt Treasury bonds are shown in the April 1946 and earlier issues of the Survey.
SURVEY OF CUREENT BUSINESS
S-20
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
May 1947
1946
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
February
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Yields:
Common stocks (200), Moody's...
..percent..
Banks (15 stocks)
do
Industrials (125 stocks)
do
Insurance (10 stocks)
do
Public utilities (25 stocks)
do
Railroads (25 stocks)
do
Preferred stocks, high-grade (15 stocks), Standard and
Poor's Corporation
percent-.
4.8
4.4
4.7
3.4
4.9
6.8
3.6
3.6
3.4
3.0
4.0
5.1
3.5
3.6
3.3
3.0
3.9
5.1
3.4
3.7
3.2
3.0
3.7
4.5
3.5
3.7
3.4
3.1
3.9
4.8
3.7
3.7
3.5
3.2
3.9
5.2
3.9
3.8
3.8
3.2
4.2
5.6
4.4
4.0
4.1
3.6
4.6
6.5
4.4
3.9
4.3
3.5
4.7
6.3
4.6
4.0
4.4
3.6
4.8
6.9
4.5
3.9
4.4
3.5
4.6
6.6
4.5
4.2
4.4
3.3
4.6
6.6
4.7
4.2
4.6
3.3
4.7
6.8
3.72
3.45
3.42
3.47
3.46
3.43
3.44
3.57
3.65
3.70
3.76
3.74
3.71
FOREIGN TRADE
INDEXES
Exports of U. S. merchandise:
Quantity
Value
Unit value
Imports for consumption:
Quantity
Value
Unit value
Agricultural products, quantity^
Exports, domestic, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
1923-25=100.
do...
do...
350
209
211
101
192
199
103
213
219
103
220
230
105
202
217
107
218
231
106
154
168
109
127
142
112
226
259
115
249
291
117
245
294
120
251
305
121
do...
do...
___do__.
136
128
117
92
135
124
92
131
122
93
124
116
95
139
132
95
130
130
100
119
118
100
120
124
104
141
147
105
146
156
107
156
••168
109
118
133
113
1924-29=100.
do...
118
128
105
128
118
161
107
153
95
128
59
102
76
90
do...
^do...
185
200
160
186
113
148
156
183
173
210
127
131
101
87
136
113
160
142
142
144
158
190
do...
do...
106
90
106
95
89
156
187
94
112
112
101
108
117
109
112
141
132
100
96
19,025
10,112
15, 408
9,891
109
123
SHIPPING WEIGHT*
Exports, including reexports
General imports
VALUE§
mil. of lb_
do—
24, 262
12,287
13,314
. 10,925
19, 275
9,679
23, 534 • 24, 648 21,078 ' 17, 280 • 18.606 17,444 19, 888 • 20, 990
12,490 • 11,623 r 11,419 ' 10,571 • 10,904 10, 767 • 12, 302 10, 712
Exports, total, including reexports
thous. of dol.. 1,327,305 815, 355 756,842 850,554 877, 683 825, 570 883,293 642, 711 536,614 •987,912 1,096,526 1,115,501 '1,152,922
80, 442
66,614 57,194 37,092 33,809
12, 477
1,710 116, 215
Lend-lease*
*
-do
7,201
8,357
7,587
8,557
3,483
By geographic regions:
46,932
50, 627 42,166 31,832 43, 789 27,553
48, 276
16,081
53,070 46,463 56, 357 52, 512
Africa
do
110,505 104, 394 130,875 157,933 130,312 137,854
99,470
67, 263 121, 680 208, 207 160,784 177,276
Asia and Oceania.
do
391,882 339,184 383,383 370,669 379, 757 354,879 233,960 168, 582 389, 885 361,462 436, 935 457,138
Europe
do
101, 556 106, 641 108, 629 117, 804 123,836 137,080 135, 651 158, 202 157, 786 156, 202 149,080 150,419
Northern North America
do
77, 594
84, 999 88,859
82,936
77, 094 96,168
79,293
73,395 120, 557 143,415 142, 223 140, 675
Southern North America
--do
82, 097
92, 222 100, 823 82, 593 113,224 66,948
80, 200
53, 313 144, 489 180,777 170,140 174, 908
South America
do
Total exports by leading countries:
Europe:
78,033
89, 369
70, 505 62, 577 52, 796 46, 382 27, 530 21,190 67, 492 54,669 71, 414 77,103
France
do
7,212
1, 646
3,515
7,983
11, 098 15, 636
8,518
2,331
Germany
do
11,689
10,943 '12,02?
9,595
35,004
41,809
31,187 37, 234 40,146
31,004 21, 651
4,424 31,056 31,846 41,168 45, 032
Italy
do
30,187
32, 081
30, 531 48, 090 38, 079 42, 671 12,531
Union of Soviet Socialist Republics (Russia).-do
11,106
16,039
14,078 24, 671 15, 780
63,033
86,163
68,094 62, 919 73,160
70, 755
46, 037 102, 586 74,035 111,771 103, 243
United Kingdom
do
North and South America:
98,137 103, 680 105, 373 114,925 121,198 134, 236 133, 784 156, 252 153, 547 152, 752 146, 298 145,679
Canada
-do
154,136 150, 753 167, 342 180, 272 151, 903 199,486 137,166 121, 392 252, 306 306, 297 292,828 287, 336
Latin American Republics, total
do
10, 537 14, 713 13, 622 14, 628 19,797 13,064 11, 953 29, 379 37, 850 31,976
9, 295
Argentina
do
36, 055
22, 442 28,053 27,192 26,124 33, 233 20,047 20,091
26, 494
47, 760 51,138 52, 835 56, 340
Brazil
do
6,047
5,256
7,437
7,730
6,280
5,645
3,605
7,471
Chile
do—
5,734
9,126
11,672 11,796
12, 435 12,138 15,106
10, 998 16,382
3,010
11, 614
9,124
14, 212 21,123 21, 266 15, 220
Colombia*
do
23, 491 21, 539 22, 779 17, 231 24, 752 14, 884 13,141 36, 439 38,143 39, 439 36, 499
20, 031
Cuba
do
33,910 39, 207 42, 481 38, 209 44,166 45, 744 51, 572 50, 331 57, 554 51,011
37, 969
Mexico
do
50,419
8,075 27, 321 31, 250 27, 676 35,902
15, 353
17, 777 17,192 20,124 13, 315 19, 990 11,093
Venezuela*
do
Other regions:
9,319
4,744
6,366
5,854
7,378
5,114
7,096
Australia
do
5,420
6,213
9,140 16, 748
8,307
1,363
1,720
1,036
412
2,052
472
British Malaya
do
803
809
779
2,579
2,103
3,374
38, 346 58, 458 58,139
37,024
China
do
42, 220 39, 953 24,670
19, 094 35, 441 54, 590 35, 921 39, 720
2,938
3, 909
Egypt
do_
2,684
3,494
1,891
2,117
1,678
3,010
3,261
2,858
3,857
3, 677
13, 504
12, 487
7,802 19, 841 17, 202 15, 738 16, 763 14,145
15, 428 28,435 26, 583 25. 943
India and dependencies
doJapan
do_.
2
2,762
8,304 16, 977 16, 946 20, 286 14, 217
3,598 12,416
6,363
3,627
2, 539
7,658
5,580
Netherlands Indies
do_.
2,620
9,494 10,512 10, 749
2,040
3,288
3,311
8,069
11,807
5.437
18, 798 25,132 25, 652 21, 251 17, 823 18,019
Philippine Islands
do-.
23, 390
8, 353 25, 401 58, 646 30,210 53, 002
18,391
19, 598 22, 331 22, 007 15, 645 25, 219 13. 896
Union of South Africa
do..
7,063 34, 358 23, 282 29, 312 27, 719
General imports, total
do..
444, 327 384,489 407,188 397,381 385,943 433, 758 425, 413 377,564 394,034 481,794 535,832 532,680 434,837
By geographic regions:
29, 041 22,410 20,050 26,954 33, 756 20, 210 24, 662 28, 087 22,978 29.035
38, 747
Africa
-do_.
21,172
84, 929 73, 532 78,208 101,328 90, 806 86,593
73, 497
Asia and Oceania
_-do_
78,124 123, 404 139,236 152, 748 100, 592
65, 674 76, 950 66, 956 70, 511 63, 075 58, 273 63,968 76, 258 88,877
52,082
Europe
-do_.
76, 257 60, 044
70, 880 73, 437 68, 375 80, 506 78, 018 81,305 90, 340 88, 074 93,097 82,979
67, 835
75, 524
Northern North America
do..
63, 577 66,219
71,913
55, 649 69, 207 62, 489 51, 994 52,310 61, 094 76,938 75, 061 76, 989
Southern North America
do..
93,183 85, 092 96, 697 85, 250 97, 533 79, 753 84,331 104,496 114,707 116, 600 100, 516
80, 383
South America
do..
r
Revised.
§ The publication of practically all series on foreign trade included in the 1942 Supplement but suspended during the war was resumed in May 1946 Survey. Export statistics
include lend-lease exports shown separately above, shipments by UNRRA and private relief agencies, and since June 1945 comparatively small shipments consigned to United States
Government agencies abroad; shipments to U. S. armed forces abroad are excluded. Revised 1941 figures for total exports of U. S. merchandise and total imports are shown on p. 22
of the June 1944 Survey; revised figures for 1942-43 for the totals and revised figures for 1941 and later data through February 1945 for other series will be shown later.
*New series. Data on shipping weight of exports and impoits are compiled by the U. S. Department of Commerce, Bureau of the Census; they represent gross weight of merchandise exports and imports, including weight of containers, wrappings, crates, etc. Data beginning January 1943 will be published later. See p. 32 of the February 1946 Survey
for annual totals for lend-lease exports for 1941-45; complete monthly data will be published later; all supplies procured through lend-lease procurement facilities are shown as lend-lease
exports although, since the program officially ceased to operate at the end of the war, the recipient nations have, with few exceptions, arranged to finance them prior to the exportation
of the merchandise. Monthly data prior to February 1945 for Colombia and Venezuela will be shown later.
SURVEY OF CURRENT BUSINESS
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
1947
March
S-21
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
FOREIGN TRADE—Continued
VALUE §—Continued
General imports—Continued.
By leading countries:
Europe:
France
thous. of dol...
Germany
do
Italy
_._do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics, total
do
Argentina
do
Brazil
do
Chile
do
Colombia*
_._do
Cuba
do
Mexico
do
Venezuela*..
do
Other regions:
Australia
do
British Malaya.
do
China
do
Egypt
do
India and dependencies
do
Japan
do
Netherlands Indies
.do
Phillippine Islands
__
do
Union of South Africa
do
1,304,4)9
Exports of U. S. merchandise, total
do
By economic classes:
Crude materials
__.do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products, total
_do
Cotton, unmanufactured
do
Fruits, vegetables and preparations
do
Grains and preparations
do
Packing house products
_do
Nonagricultural products, t o t a l . .
.do
Automobiles, parts and accessories
do
Chemicals and related products
do
Copper and manufactures
do
Iron and steel and their products
do
Machinery
do
Agricultural
do
Electrical
do
Metal working
do
Other industrial
_do
Petroleum and p r o d u c t s . .
.do
Imports for consumption, total
do
434, 483
By economic classes:
Crude materials
_
_do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
.do
Semimanufactures
___do
Finished manufactures
do
By principal commodities:
Agricultural, total
do
Coffee
do
Hides and skins
__do
Rubber, crude including guayule
do
Silk, unmanufactured
do
Sugar
do
Wool and mohair, unmanufactured.
.do
Nonagricultural, total
do
Furs and manufactures
do
Nonferrous ores and metals, total
do___.
Copper including ore and manufactures..do
Tin, including ore
.do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
3,573
24
1,246
4,107
14,605
5,007
29
4,324
7,829
11,391
4,600
2,303
13,880
11,185
14, 306
4,804
24
8,099
7,225
15, 230
6,441
18
6,671
7,823
12, 405
6,124
23
6,282
7,721
11,512
5,245
149
4,571
2,786
14,177
7,298
41
5,133
7,139
10,269
65, 465
147, 431
15,154
29, 526
2,660
13,078
36, 434
19, 936
7,921
70, 363
152,432
18,448
33, 535
6,931
12, 003
23,556
25, 650
10, 021
69,525
145,308
14,814
30, 994
7,831
7,964
32,187
17,167
10,090
66,548
147,968
17.471
40.472
9,975
9,783
26, 620
16,184
8,041
76,607
147,316
14,128
27, 290
8,149
14,453
33,151
20, 282
8,373
74, 715
154,037
13,912
45,985
3,418
13, 048
25, 360
18, 391
10,324
77,000
125,299
10, 908
29,870
4,754
14, 224
19, 749
14, 922
11, 507
88.167
132,739
13, 281
9,112
6,311
550
21, 272
220
1,381
524
21,631
786,643
11,211
7,949
15,041
7,657
18,485
17,139
9,020
115
4,649
8,284
11, 792
14,479
7,495
8,829
9,946
7,061
12,656
8,041
2,182
1,384
2,892
1, 059
651
1,345
9,467 17, 534 20, 593
23, 878 18, 299 17,621
12,378
10, 697 14, 725 14, 689 11,095
2,780
2,486
2,773
2,189
194
664
3,292
3,636
4,402
1, 552
1,717
2,597
3,338
12,445
9, 717 14, 641 15,990
10,920
14,443
739,237 815,034 858,033 807, 478 860, 405 626, 942
7,724 14,148
12, 710 11, 822
19, 795 19, 093 15, 347 49,860
7,123
11, 593 15,582
5,183
1,779
3,312
7,058
1,068
9,290 27, 618 24,944 27,901
2,276
14,307 25,917
8,445
6,609
8,044
5,660
4,545
3,635
11,195 10,789
5,891
13,904
9,064
10,363
8,497
528, 631 966, 0-8 1,083,238 1,096,104
111, 758
62,051
148,432
68,115
396, 288
105, 354 116,248 122, 544 120,122 138,557
79,193
53, 988 53, 340
48, 612 34,661
125,186 140,130 134, 521 165,157 116,815
79, 958 82, 373 76, 622 71, 279 81,383
380,127 441,623 445,153 396,933 470,012
93,601
29,008
42,150
50,760
313,245
283,106
37,846
28, 290
68,722
48,072
503, 538
29. 730
44, 342
2,794
28, 917
109, 302
11,172
20,635
16,423
56,997
36, 936
373,750
115,589
39,118
81,564
61, 287
329,385
13, 907
30, 049
7,263
11,644
23,936
18,140
13,644
7,372
403
9,544
1,809
18, 476
8,610
125
8,004
15,944
14, 224
6,167
252
5,392
9,006
16,892
3,531
70
3,276
817
19,020
84,110 90,187 79, 278 74,274
159, 776 185,610 183.579 169,972
26,658 16, 382 16,900
23,016
37, 792 37, 277 51, 482 37,504
8,770
4, 648
4,931
6,719
16, 550 20.142 18,176 18,351
29, 276 36,168 27, 553 34,077
19, 984 23,441 25.024 21, 361
13,711
10, 523 14,201
9,973
8,516
28,891
13, 206
1,354
19,487
3, 762
1,892
9,779
4,715
3
171,735
51,340
107, 725
82, 914
551, 961
135, 231
68,347
149,720
105,381
624,559
135, 267
63.025
132, 382
114,370
651,178
140, 200
66,766
136, 606
115,595
675,144
251, 909 273,498
38, 622 56,623
28,999
24, 505
56, 424 42,174
30, 496 49, 376
487,329 541,537
36, 277 48,830
46,116
46, 351
2,418
2,173
38,108 41,258
111, 204
100,155
11,866
9,776
17,944 24,232
16,892
13,344
54, 906 52, 980
36, 082 40, 347
394,637 389,741
304,631 291,840 253,947 187,244 121, 475 290, 478
52, 812 50, 425 58, 858
34, 316 17,101 69,114
27, 760 24, 571
79
13,666
11,523
19, 428
88,646
65. 542 62, 284 51,543 29,643 71, 494
48,214
47, 365 35, 280 19, 263
4,338
13, 377
553,402 515,638 606,160 439,698 407,289 675,197
43, 463 38,297 51,357 42,862 39, 804 75,952
46, 424 40, 057 43,827 30, 257 27,409 44, 651
2,952
3. 534
2,738
1,994
1,205
4,827
35, 709 35, 345 45, 639 30,847 26,756 44, 843
125,553 119, 224 137, 475 83, 724 89,673 148,039
11, 967 14,104
17, 074 12, 044 12,677 16, 294
25,381
24,985 32, 260 18, 581 23,608 35, 490
17,176
16,343
15,358
7,977
9,477
14, 574
66, 262 58, 046 66,588 41, 372 39,253 74, 237
39, 025 35, 797 43T 016 35,003
27, 574
35, 954
371,371 421,388 415, 371 378, 364 396, 723 470,239
321,002
56,785
44,184
96, 344
19, 272
762, 236
70,816
57, 111
6,256
51, 236
154,438
18,600
40,605
14, 542
71, 204
41,513
497, 550
291, 645
47,713
36, 026
89,224
18,535
804, 577
72, 359
52,424
6,184
57,157
166, 333
19,344
38,119
19,867
79,155
37,137
537, 495
302,149
60,972
32, 711
110,705
18,124
832,163
75, 748
53, 533
4,979
52,116
162,949
19,148
40,979
14,031
80,194
48,532
4.3, 409
134,185
64,604
46, 708
65,015
63,237
145,807
69,467
38,823
68,199
72,340
139,878
62, 403
45, 940
72, 399
69,121
121,068
68,636
40,148
76, 803
64, 716
162,912
53,101
52, 711
84, 637
68,026
152,201
72,193
43,430
78,018
68, 426
133,792 136,989 161. 757 169,046 210, 425
60, 761 59,012
77,313 91, 259 112,168
38,599 39, 276 47,352 48,078 38,042
75, 726 86, 383 88,128 101,145 95, 591
68, 781 73,819
95,192 88.021 81,269
128,838
86,095
43, 279
90,925
74, 271
189,605
36,010
4,491
22, 937
862
25, 414
30,120
184,144
11, 472
16, 389
1,997
3,889
9,700
16, 795
10, 235
195,274 185,912
37, 545 36,489
5,580
4,816
20, 273
4,222
12,473
24,428
15,046
20, 905
30,453
23,959
199,361 203,827
17,434 24, 738
19,583
20, 551
5,572
7,256
3,910
3,011
9,854 11, 638
18,073
20,687
11, 237 13, 380
174,939
46, 779
4,122
6,744
19, 683
15,144
20,017
196,433
19,572
20, 035
4,639
5,146
13,967
17, 382
11,320
189,911
31,844
7,149
14, 548
14, 267
23, 880
28,530
231,477
30, 503
24, 584
7,907
6,261
19,588
21, 362
15,127
201,657
47,886
6,657
19,654
12,631
16,159
25,411
212,611
22, 745
21,683
4,945
6,036
15, 357
20, 925
15,124
178,730 176,084 228, 932 252,381 308, 786 226, 226
36,816
50,433 62,896
32,080 43,909
56,849
7,072
7,724
11,595
10, 256 r 8,655
6,388
22, 537 25, 562 30,934
25, 578 51,205
32, 388
3,211
13,922 24, 247
5,943
745
2,884
12,052
17,035 18,122
10, 384 15,413
26,912
19, 441 17,111 22, 665 17, 697
23, 459 20,160
198,929 219,395 240, 809 245,169 228,709 197,184
8,363
15.168
14,179 24,662 14, 796
4,434
17,364 25,445
26, 535 32.143 29, 742 27, 568
6,513
8,969
9,580 12, 511
7,343
8,625
898
3,800
4,217
3,762
2,778
1,466
14, 026 15,245
13,021
14.022 18,129 18,087
20,801
22,830 26,318
25,916 23, 763 21, 004
15,289
13, 290 12, 981 14,753 19,379 18,429
TRANSPORTATION AND COMMUNICATIONS
TRAN SPORTATION
Airlines
Operations on scheduled air lines:
23,164
24,108
26,019
26, 515
Miles
flown
thous. of miles..
27, 796
28,749
27,988
27,971
24,647
26,909
7,232
8,204
8,722
Express and freight carried
thous. of lb_.
10,909
9,911
11,994
15,008
18,275
16,414
24,010
2,227
2,390
Express and freight ton-miles flown*
thousands.
2,982
2,387
2, 666
3,170
3,643
4,620
4,389
6,318
917,945 1,057, 641 1,150,846 1,299,480 1,340,733 1,493,137 1,428,444 1,287,338 1,080,180 1,112,630
Passengers carried
number.
Passenger-miles
flown
.thousands.
408, 201
514,999 565,087 573,693
616,961 563, 229 473, 219 512,746
Express Operations
Operating revenue
thous. of dol.
24,333
35,115
26, 728
25,626
25, 798
26,134
26,410
28,084
28,327
31, 223
25,838
25, 355
92
73
82
73
69
Operating income
do
87
55
79
Local Transit Lines
Fares, average, cash rate
cents.. 8.0220
7.8641
7.8669
7.8807
7.8835 '7.9306 ' 7.9722 '7.9805 ' 7 9832 r 7 9832 ' 7 9915 r » 0165 ' 8 0220
Passengers carried!
„ thousands. _ 1,607,269 1,669,370 1,631,980 1,630,373 1,577,274 1,555,250 1,569,230 1,539,190 1,645,700 1,591,280 1,627,260 1,627,630 1 481 063
Operating revenues!
thous. of doL.
'117,500 '117,800 '118,500 '115,800 '114,300 '115,700 '112,900 '121,400 '116,500 '123,600 '119,800 108,'700
r
Revised. §See note marked " § " on p. S-20.
•New series. Data for 1926-45 for ton-miles of express and freight carried on scheduled airlines and data prior to February 1945 for imports from Colombia and Venezuela will be
shown later,
fReyised series. Data for local transit line revenues beginning in the April 1944 Survey and passengers carried beginning in the May 1945 issue aretestimated totals for all local
Digitizedtransit lines; revised data beginning 1936 will be published later.
for FRASER
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
1946
1947
March
May 194T
March
April
May
June
July
1947
SepAugust tember
October
Novem- Decem- Januber
ber
ary
February
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class I Steam Railways
Freight carloadings (Fed. Reserve indexes):
Combined index, unadjusted...
...1935-39=100.
CoaL..
do....
Coke
do...
Forest products
_
_
do
Grains and grain products
do
Livestock
do
Merchandise, 1. c. 1
_
_
do...
Ore
do...
Miscellaneous
do...
Combined index, adjustedf
do.._
Coalfdo.__.
Coket
do...
Forest products
do...
Grains and grain products!
do...
Livestockt
.do...
Merchandise, 1. c. 1
do...
Oret
do...
Miscellaneous!
do
Freight carloadings (A. A. R.):®
Total cars
thousands.
Coal
do__.
Coke
_do.._
Forest products
do...
Grains and grain products
do...
Livestock
do...
Merchandise, 1. c. 1
do...
Ore
do...
Miscellaneous
.do...
Freight-car suplus and shortage, daily average:
Car surplusf
thousands.
Car shortage*
_do
Financial operations (unadjusted):
Operating revenues, total
thous. of dol.
Freight
do_._
Passenger
do
Operating expenses
do
Taxes, joint facility and equip, rents
do...
Net railway operating income
do...
Net incomet
do
Financial operations, adjusted:!
Operating revenues, total
mil. of dol.
Freight
>
do.._
Passenger
do...
Railway expenses
do
Net railway operating income
do...
Net income
.do
Operating results:
Freight carried 1 mile
mil. of tons.
Revenue per ton-mile
cents.
Passengers carried 1 mile
millions.
Waterway Traffic
137
147
182
159
146
96
79
50
144
146
147
180
159
159
121
78
171
151
4,170
917
73
250
265
67
620
69
1,910
3
36
717,826
592,186
71,411
549,368
95, 676
72, 782
107
26
93
143
99
127
82
50
141
109
26
95
143
112
143
81
66
143
107
68
61
130
111
103
74
103
125
106
68
62
125
126
114
74
66
123
137
146
138
155
128
96
81
213
139
133
146
140
149
126
118
81
137
135
143
145
172
153
166
135
78
263
142
139
145
177
153
139
166
78
164
141
145
152
177
165
142
113
77
243
146
141
152
184
157
131
118
77
162
145
149
160
181
166
140
120
79
245
150
138
160
183
154
125
91
75
164
139
149
155
180
154
142
197
82
216
151
139
155
183
146
142
128
79
157
139
141
117
166
148
144
171
84
169
154
137
117
166
151
147
136
83
157
148
131
132
163
139
152
118
78
45
139
140
132
155
156
162
122
81
145
148
138
163
184
147
157
118
74
44
139
150
163
175
163
157
123
77
176
152
2,605
126
30
177
140
71
516
53
1,491
2,616
327
19
159
154
59
468
108
1,322
4,063
787
49
234
222
67
619
283
1,801
3,407
668
52
181
228
74
471
289
1,444
4,478
925
70
254
255
80
611
347
1,936
3,517
743
55
197
191
63
477
269
1,521
3,680
755
57
192
200
112
519
249
1,597
4,220
712
64
222
248
117
642
240
1,974
3,022
599
48
166
207
63
473
49
1,416
3,168
759
56
167
216
68
445
48
1,409
18
106
16
2
7
5
646, 229 566, 702 532, 553 611,939
583,900 411,819 399, 215 458,484
114,564 106, 082 92, 233 106, 604
614, 558 508,097 492, 201 516,856
45,132 57,003
' 37, 374
48,476 d
rd
5,703
10,128 d 4,780 38,080
d
20,993 37,074 14,620
5
14
24
2
21
2
31
12
33
16
24
4
20
674,040
513, 252
112,383
542,164
69,069
62,806
32,051
132
155
166
134
130
111
79
35
136
139
155
165
134
141
140
78
121
143
3,982
938
66
208
237
79
-•619
50
' 1, 786
710, 224 660, 402 709,938 658,160 637,241
546,130 515,623 566, 968 522,806 493. 531
112,115 95.361 89,345 85, 510 92, 716
555,892 529, 798 558, 424 536,081 549,828
72, 638 63, 241 66, 395 58,005 d 15, 681
81, 693 67.362 85,119 64,074 102, 995
52, 544 39,070
57, 280 38,066 88, 775
685, 541
551,050
82,450
538,968
88,855
57, 718
28, 822
651.2
485.8
115.9
667.4
d
16.2
565.7
405.2
109.8
561.6
4.0
d
27.8
515.0
381.4
93.3
524, 5
d
9.5
638.7
488.6
102.9
586.1
52.6
19.8
650.8
500.0
103.0
602.5
48.3
16.1
664.3
512.6
100.0
613.3
51.0
18.4
672.8
528.5
95.7
604.6
68.2
36.5
663.1
521.8
91.3
606.0
57.1
24.8
663.0
524.3
89.4
601.2
61.8
29.4
658.1
520.5
91.0
523.0
135.1
98.0
698.3
559.0
86.0
623.8
74.5
'41.8
56, 510
.924
5,955
39,841
1.101
5,472
42, 406
1.012
4,726
53, 524
.921
5,387
55, 236
.989
5,720
59, 466
.979
5,712
56,399
.975
4,927
60,848
.988
4,466
54,873
1.007
4,267
52, 712
.997
4,543
57,019
1,034
4,120
5,825
2,126
3,699
7,202
2,179
5,022
7,509
3,029
4,481
8,025
3,323
4,701
6,220
2,775
3,445
4,986
2,959
2,027
6,843
2,729
4,114
5,768
2,009
3,759
6,222
2,378
3,844
3.95
93
235
4.20
94
250
4.23
89
232
4.45
96
254
4.33
94
236
4.36
95
226
4.44
90
241
4.16
84
208
4.25
90
214
Clearances, vessels in foreign trade:©
6,194
6,483
Total, U. S. ports
thous. net tons.
2,029
1,735
Foreign
do...
4,165
4,748
United States
do...
Travel
Hotels:
3.97
4.37
Average sale per occupied room
__.dollars._
92
95
Rooms occupied
percent of total..
214
210
226
Restaurant sales index
.avg. same mo. 1929=100.Forefcn travel:
35, 092 29,941
U. S. citizens, arrivals
number..
25,912 23,945
TJ. S. citizens, departures.
do
1,138
1,716
Emigrants
do
18,047
19,390
Immigrants
do
20, 294 12, 986 15,047
Passports issued d"
do
National parks, visitors
number.. 137,189 129,260 187, 377
Pullman Co.:
2,196,055 1,899,120
Revenue passenger-miles
thousands..
12,094 10, 928
Passenger revenues
thous. of dol..
28,106
23,064
1,772
16,859
22,091
276,674
27, 009 29, 330 33, 287 34, 509
27, 708 34, 211 34,270 29, 922
2,166
2,907
1,764
1,884
13,451
13,651
10,988 10, 869
21,802 22, 437 18, 505 14,536
621, 794 1,075,421 1,152,584 695,958
29, 639
24,755
872
9,563
14,470 13,500
271,570 118,066
17,989
14,186
87, 287 97,348
1,628,486 1,774,797 1,666,970 1,637,261 1,499,617 1,408,912 1,165,408 1,149,313 1,378,284
9,059 10, 214
10, 951 10, 373 10,470
9,903
9,458
8,429
9,636
COMMUNICATION S
Telephone carriers: 1
187, 727 189, 254 193,981 190,708 192,187 194,230 191, 642 200,127 196,489 203, 627 203, 553
Operating revenues
thous. of dol_.
101, 773 103, 625 104, 536 104,153 103,589 103, 726 105,054 108,872 107, 775 110, 477 111,649
Station revenues
do
75, 726 71,612 75,978 73, 343 77, 363 76,009
71, 762 71, 230 74,922 71,898 73,777
Tolls, message
do
141,197 141,053 146,986 143,153 154,214 152, 346 147,636 154,864 151,471 159, 272 157,464
Operating expenses.
do
22,391 22, 504 23. 878 20, 455
21, 226 23, 910 23, 211 23,614 18, 359 20,846 21,171
Net operating income
.-do
27,086
27,340 27, 608 27, 908 28,156 28,463
28, 754 29, 067 29, 249
26, 435
Phones in service, end of month
thousands..
Telegraph and cable carriers: §
17, 573 16, 568 17,590 16,653 17, 948 ' 17,688
15, 815 16, 064 16, 836 16, 677 17,915
Operating revenues, total
thous. of dol..
16, 275 15, 380 16, 553 ' 16, 330
14,807 15, 546 15, 521 16, 673 16, 437 15,372
14,496
Telegraph carriers, total
do
Western Union Telegraph Co., revenues from
r
r 717
'595
'638
'594
'610
••620
599
'731
'622
••699
764
cable operations•___
thous. of dol._
1,315
1,395 ' 1, 358
1,242
1,136
1,196
1,273
1,156
1,257
1,290
1,319
Cable carriers
do
15, 673 14,466 15, 549 ' 14, 863
19, 838 15,453
13,525
14,525
14,514
14,078 14,495
Operating expenses
do
289
d865
1,242
-•590
698
404
1,155 d 4, 621
6
d 558
70
Net operating revenues
do
871
d 825
' 138
320
d795
700 d S, 089 * 1,193
4
dSl
dS86
Net income trans, to earned surplus
do
1,661
2,119
1,667
1,517
1,714
1,990
2,077
1,618
1,641
1,607
1,927
Radiotelegraph carriers, operating revenues
do
' Revised. d Deficit. ® Data for March, June, August and November 1946, and March 1947 are for 5 weeks: other months, 4 weeks.
^Revised data for February 1946, $21,936,000. OData continue series published in the 1942 Supplement; data for December 1941-February 1945 will be published later,
d* Includes passports to American seamen. 1 Data relate to continental United States.
5 Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and reference for revised 1942 data.
•New series. For comparable data beginning 1943 for car shortages and surpluses and an explanation of a change in thel atter series, see p. S-21 of December 1944 Survey.
fRevised series. See note marked "•" regarding car surpluses. Revisions for 1939-July 1942 for the indicated indexes of car loadings are available on request. Revisions for
1937-February 1943 for the adjusted series forfinancialoperations are available on request.
January
• Data shown in earlier issues include only transmission revenues;figuresshown above have been revised to include also other revenues from cable operations.
SURVEY OF CURRENT BUSINESS
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
March
S-23
March
April
May
June
July
August
1947
September
October
Novem- December
ber
Januber
February
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:*
Ammonia, synthetic anhydrous (100% NH3) ®
short tons..
Calcium arsenate [100% Ca3(As04)2]
thous. of lb_.
Calcium carbide (100% CaC2>
short tons..
Carbon dioxide, liquid, gas and solid (100% CO2)cf
thous. of lb—
Chlorine
.short tons..
Hydrochloric acid (100% HC1)
do
Lead arsenate
.._.
thous. of lb_.
Nitric acid (100% H N 0 3 ) O
short tons..
Oxygen
_
_
mil. cu. ft_.
Phosphoric acid (50% H3PO4)
short tons..
Soda ash, ammonia-soda process (98-100% Na2 CO3)
short tons..
Sodium bichromate
do
Sodium hydroxide (100% NaOH)
do....
Sodium silicate, soluble silicate glass (anhydrous) •
short tons..
Sodium sulfate, Glauber's salt and crude salt cake
short tons..
Sulfuric acid (100% H3SO4)
.do...
Organic chemicals:
Acetic acid (syn. and natural) prod.*
thous. of lb
Acetic anhydride, production*...
do...
Acetyl salicylic acid (aspirin), production*
do...
Alcohol, denatured: t
Consumption (withdrawals)
thous. of wine gal..
Production
do_
Stocks
do.
Alcohol, ethyl:t
Production
thous. of proof gal. _
Stocks, total
do
In industrial alcohol bonded warehouses
do
In denaturing plants
do.
Withdrawn for denaturing
do.
Withdrawn tax-paid
do.
Creosote oil, production*
thous. of gal..
Cresylic acid, refined, production*
thous. of lb
Ethyl acetate (85%) production*
do..
Glycerin, refined (100% basis):*
High gravity and yellow distilled:
Consumption
do..
Production
do..
Stocks
do..
Chemically pure:
Consumption
do
Production
do.
Stocks
do.
Methanol, production^
Crude (80%)
..thous. of gal..
Synthetic (100%)
do....
Phthalic anhydride, production*
95,859
52,446
117, 039
36, 993
64, 647
"89," 517
44,271
1,610
44,460
43,358
3,256
40,014
34, 511
3,192
36, 761
60,609
4,116
43,124
65, 048
6,438
48, 716
65,337
96,439
26,805
8,755
30,899
951
79, 500
75, 334
94, 865
26, 867
8,665
31,311
886
75,640
75,151
89,947
26,331
7,810
32, 538
836
67,273
78, 545
96,420
27,438
4,874
55, 418
869
73,689
88,137
98,314
27,960
1,848
57,066
904
65,858
75, 794
8,081
53,399
77,492
2,608
53,940
80,829
1,916
57,074
80,380
1,330
55,312
82,123
754
51, 830
85,121
1, 765
50, 675
' 85, 663
1,543
45,411
96,571
78,786
102, 550 104, 206
29,519 29, 789
253
1,624
59,144 54,136
1,008
997
74, 574 73, 795
74,890
108,174
32,394
2,259
61,686
1,061
80,673
62,048
97,135
30,150
2,865
63, 277
1,006
82,020
56, 787
102,628
30, 714
3,726
62,460
1,028
79, 788
60, 491
110,088
35,144
4,923
64,138
1,101
78, 892
49, 858
101,717
33. 966
3,691
62,193
1,010
' 74,926
382,026 368, 302
7,066
7,176
168, 708 153, 275
385,369
6,665
165,186
380, 589
6,979
173,449
350, 634
5, 954
156, 786
34,442
32,479
39,991
35, 884
63, 683 52,494
834,215 849, 711
64,878
891, 370
66, 275
888, 912
63, 208
835,163
383, 753 380, 489 342,749 303,174 308,623 361,056 364,178 358,628
7,096
6,285
6,864
7,254
7,777
7,837
6,601
7,129 160,009 151,332 139, 276 148, 741 160, 347 163,615 164,652
179, 400 32,182
29,914 29, 261 35,020
39, 224 36, 915 34,714
42,120
59, 298 59, 525 61,679
58, 200 55, 669
57, 346
70, 059 764, 507 803,417 780,191 732,515 736, 242 762,674 764, 592
41.188
25, 529 r 23,135 ' 25,883 r 26, 206 ' 26, 935 r 24,464 r 27,662
44, 790 40, 757 42, 546 44, 521 39, 954 41, 209
46, 376
1,014
676
574
975
460
710
572
27, 718
45, 033
1,010
31, 725
48, 703
965
35,152
49,157
925
30, 670
45, 662
1,024
12, 594 13, 569
12, 683 11,896
1,520 M 6
15, 733
13,261
13,306
15,608
13,851
10,007
14,645
12, 382
8,965
14, 770
14, 831
9,642
17, 610
16,044
18, 946
16, 019
5,131
21, 291
18, 913
2,744
19, 744
19,625
2,633
17, 416
17,014
2,200
14, 636
14, 670
2, 211
12, 360
11, 605
1,423
25, 637
121,622
37, 539
84, 083
22, 085
4,579
13, 296
2,169
7,751
24,902
118,420
39, 282
79,138
24,612
4,411
12, 455
2,035
7,610
19,475
18, 600
113,110 110, 539
36, 312 37,014
76, 798 73, 525
25, 643 22, 834
3,866
3,579
9,519 ' 10, 369
1,362
1,903
7,180
6,542
16,619
98,545
34, 239
64, 306
27, 377
4,684
11,180
2,181
9,877
19,981
86, 474
31, 788
54, 686
29, 267
5,733
12,136
2,339
8,122
17, 796
72, 368
28,779
43, 589
29, 274
4,364
12, 744
2,284
7,334
18, 743
58.189
29, 512
28,676
34, 938
5,284
13, 570
2,456
8,745
18, 025
42, 351
26, 751
15, 600
36,086
5,202
13,027
2,100
10,170
20, 518
32,800
25, 745
7,054
31,200
3,910
13, 481
1,817
9,602
22, 398
30, 226
22, 939
7,288
27, 775
4, 350
14, 038
2,094
10,185
18, 986
30, 954
21, 573
9. 381
21,409
3,260
14, 580
2,142
7,084
6,431
5,373
26, 746
44,027
976
19, 456
28, 891
22, 676
6,215
23, 622
3,175
r
7,407
8,746
17, 544
19, 347
6,489
5,780
18, 700
6,440
5,687
18,297
6,865
5,319
16, 591
6,175
4,118
14,821
6,286
5,211
13, 234
4,621
12,805
5,395
4,638
12, 207
5, 244
5,832
12,709
5,978
7,431
15,163
7,022
7,386
14,102
6,800
8,234
15, 340
6,555
8, 450
18, 875
5,777
8,992
18, 634
5,568
8,000
19, 708
5,800
8,024
20, 881
5,379
7,634
21,894
5,249
5,558
21,122
5,745
6,864
22, 017
4,924
6,594
22, 539
5,820
6,136
21,130
5,263
5,126
18, 054
5,791
6,042
18, 392
6,963
7,662
17, 941
6,138
8, 573
18,106
248
6,991
9,777
231
6,616
9,217
260
1,119
8,128
248
5,878
7,739
250
6,753
8,921
245
6,823
8,467
230
6,592
9,334
276
6,593
9,276
250
6,674
11, 246
221
6,505
r 10, 994
276
r 7, 145
11, 687
216"
6,681
10, 847
1,460
520
308
367
149
144
115
66
159
144
747
1,316
405
242
208
223
84,171
97, 079 85,191
85, 783 110, 519 101, 575
13, 214 13, 501 15, 261 13, 629 19, 801 13,170
63, 789 73, 022 64,989 68, 202 83,362 80,510
2,984
558
505
313
534
776
126, 525 127, 231 129, 963 114, 554 72, 409 58, 345
110,854 113, 528 109,104 105,132 59, 598 51,891
65, 227 69, 553 79, 379 83, 556 28, 279 13, 521
714
971
8,055
2,210
8,996
3,040
982
1,350
1,000
0
0
0
559
158
401
80, 934
7,388
63, 466
809
69,266
63,877
11,716
1,463
0
584
63
522
95,832
2,871
86,827
253
80, 941
67, 573
26, 929
7,809
0
529
82
448
83, 544
3,430
70, 254
2,125
64,434
55, 712
23,141
3,446
0
928
195
734
104, 336
5,577
83, 752
4,720
39, 910
25, 096
1,327
6,835
0
1,435
239
1,196
89, 474
10, 854
64,147
1,914
50, 020
40, 728
10, 029
404
0
1,225
'182
1,042
98, 945
21, 616
66, 401
2,448
51, 943
40, 851
9,358
3,759
0
1.925
1.925
70, 263
1.925
72, 770
1.925
81,044
2.045
98, 555
2. 075
721, 475 754, 215 750,940
709, 781 667, 912 736, 357
783,275
796, 677
830,752
806, 733
796, 396
751,165
thous. of lb._-
FERTILIZERS
Consumption, total*
thous. of short tons._
Midwest States*
do
Southern States©
do
Exports, totalt
long tons.
NitrogenousJ
.
do...
Phosphate materialsj
do
Prepared fertilizers Xdo
Imports, total!
do
Nitrogenous, totalX
do
Nitrate of sodbt
do
Phosphates X
do...
Potashi
do-..
Price, wholesale, nitrate of soda, crude, f. o. b. cars, port
warehouses©
dol. per 100 lb_.
Potash deliveries
short tons
Superphosphate (bulk):f
Production
do...
Stocks, end of month
_
do._
MISCELLANEOUS
Explosives (industrial), shipments
Gelatin :t
Production, total*
Ediblet
Stocks, total*
Ediblet
Sulfur:*
Production
Stocks
thous. of lb—
do.
do.
do.
do.
1,120
160
960
737,357
688,319
1.650
79, 778
788,489
546,229
46, 444
38, 069
3, 961
2,234
6,075
2,986
3,927
2,541
1.650
85, 314
2,763
1.650
60,172
704,192
539,818
1.650
77,868
642,983
667,144
1.650
73, 575
679,777
740,853
701,522
720,517
33, 336
43, 584
47,122
42,190
47, 327
50,307
51,187
45,300
45,147
47, 092
45,017
3,784
2,318
6,076
2,716
3,842
2,271
6,324
2,695
3,122
2,038
6,119
2,652
2,750
1,932
5,818
2,628
3,142
2,166
4, 958
2,180
2,947
1,900
4,726
2,315
3,202
1,652
3,864
1,743
3,311
2,055
3,999
1,824
3,656
2,259
4,857
2,299
3,858
2, 508
5,548
2,878
3,793
2,407
5, 789
2,866
1.925
72, 345
long tons— 350, 307 281,490 284, 473 305, 330 304,472 347, 936 356, 355 335, 300 333, 041 355,179 351, 028
_do.
3,636,884 3,978,735 3,892,982 3,873,962 3,861,525 3,849,067 3,850,958 3,881,397 3,983,973 3,874,808 3 769 368
,874,808
321,415 298, 565
,704,079 3,667,729
r
Revised, c? Data have been shown on a revised basis beginning in the March 1946 Survey.
• Data were revised in the September 1945 Survey; see note in that issue. O For a brief description of this series see note in April 1946 Survey.
® Data for nitric acid and ammonia include 2 additional plants beginning June 1946 and for the latter 1 additional plant beginning August 1946; see note in February 1947 Survey.
© Excludes data for Mississippi, which has discontinued monthly reports, beginning in the October 1946 Survey.
§ See note in the April 1946 Survey with regard to differences between these series and similar data published in the 1942 Supplement to the Survey.
JThe indicated series, except data for alcohol stocks in denaturing plants (available only beginning 1942), continue series published in the 1942 Supplement; unpublished data
for 1941 or 1942 through February 1945, and corrected data for 1937-July 1945 for nitrogenous and total fertilizer imports, will be shown later. See also note marked " • " on p.S-24
, calcium carbide, oxy. .
.
.
,
.,
1 published and there have also
been recent revisions in the 1944-45 data for some series and 1944 data for sulfuric acid; all revisions will be published later. For a brief description of the series for glycerin see note
in November 1944 Survey. Data for 1933-45 for fertilizer consumption by midwestern States and the total, which are from the National Fertilizers' Association, and for 1935-February 1945 for the new series on gelatin, will be shown later. Data for 1940-43 for sulphur are shown on p. 24 of the May 1946 Survey.
fRevised series. See note in November 1943 Survey regarding change in the superphosphate series. The 1946 data include operations of one company which was producing in
1945 but whose activities were not included in figures for that year; however, this change does not appreciably affect the comparability of the data.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1941 1947
and descriptive notes may be found in the
March
1942 Supplement to the Survey
May 1947
1946
March
April
May-
June
July
August
September
October
Novem- December
ber
1947
Janu- February
ary
CHEMICALS AND ALLIED PRODUCTS—Continued
NAVAL STORES
Rosin (gum and wood):
Price, gum, wholesale " H " (Sav.), bulk
dol. per 1001b..
Production*
drums (520 lb.)._
Stocks*
do
Turpentine (gum and wood):
Price, gum, wholesale (Savannah)t
dol. per gal__
Production*..bbl. (50 gal.)-.
Stocks*
do....
I
1.00
85,908
100,749
i. 76
6.76
6.76
416,690
364,179
.84
6.76
302,054
388,682
.84
.84
145, 477
77,440
6.95
6.76
7.40
489,676
390,781
.84
1.00
167,933
90,167
7.83
1.05
8.07
462,007
398,102
1.30
1.24
143,055
101, 295
8.68
9.61
OIL SEEDS, OILS, FATS, AND BYPRODUCTS
Animal, including fish oil:
Animal fats:|
144, 102 115,984 119, 264 117,782 102, 231
97, 229 95, 743 86, 595 73,125
97, 477 116,785 129, 026 140. 495
Consumption, factory
thous. of lb_. 221.840 208, 385 194, 656 201, 757 136,182 193, 029 194,810 61, 731 135,936 260,976 242, 506 3C3, 917 262, 265
286, 602 264,817 251,468 204,982 162, 986 180,883 171,286 145,205 135, 550 179,567 232, 347 307, 623 307, 692
Production
do
Stocks, end of month
do
50, 012
49,895
49, 933
44,982 40, 238 46,764 39,550 42.106
45, 864
39,291 45, 003 48, 6S8 45, 730
49, 360
47,908
47,633
44, 586
38,078
45, 042 43,879
27,698
36,666 46,000 45,637
52, 591 47, 484
Greases: t
92,996
96,189
95,171
64, 305
90, 569 103, 285 92, 241 78,390
63,173
63,123 64,907
72, 871 67,138
Consumption, factory
do
16, 224
14,931
14,525
13,319
20, 290
13,408
15, 465 17,028
15,647
18,976
18, 374 18,509
18,772
Production
do
648
2,173
777
13,876
831
27,874 24,870 21, 540 18,726
10, 812
7,867
1,616
1,260
Stocks, end of month
_
_
..do
55,484 58,906 79,276 93, 304 108,211 121, 676 114,682 116, 786 107, 320 102, 400
79, 211
73, 676
60,842
Fish oils:J
335
330
268
219
417
296
255
368
416
418
431
412
Consumption, factory
do
10,290
9,595
29,975
31,605
16,817
8,361
7,660
10,015
14, 569 27, 090
17,457
5,634
Production
do
13, 492
17, 392
11, 420
6,438
17,863
12,001
25.107
33,973
51,817 r 31, 942 46, 545
12,351
Stocks, end of month
do
5,077
9,445
6,883
3,559
11,085
6,232
19, 365 21,112 41,904
8,290
27, 274 31, 314
Vegetable oils, total:
8,415
7,947
4,537
2,879
6,778
5,769
5,742
12,861
9,913 r 4, 668 15, 231
4,061
Consumption, crude, factory
mil. of lb_.
1
318
261
382
255
235
279
287
390
261
403
443
409
'•392
Exportsd
thous. of lb__
Imports, totals
do
647
604
556
486
546
503
499
515
521
534
519
538
-550
Paint oilsd*
do
544
311
502
475
407
267
321
548
250
262
304
247
All other vegetable oilscf
do
279
Production
mil. of lb__ 59,163 13,921 18,871 17, 488 21, 408 20, 239
31, 294 37,510
36, 278 15,949 44,125
56, 069 51,352
Stocks, end of month:
11,724
22, 788
18,120 34, 238 42,846 36,975
34,742
27, 381 43, 495 93, 768 73, 843 51, 285
Crude
do
12,180
13,889
777
15, 432 24,333
37,710 48,551
38,662
12,964 33,074 58,654
89, 781 71, 902
Refined
do
Copra:
Consumption, factory<?
short tons.. 74, 349 12, 748 20, 334 19, 695 24,888 14,218 30, 709 42,707 49,747 38,577 44, 655 62, 871 64, 270
31,217
4,179
7,758
7,161
8,571
8,148
16,055
27,724 17,236 16,438
20,437
26, 648 29, 822
ImportscT
do
0
546
0
0
0
945
121
0
1,088
1,822
380
(3)
Stocks, end of months
do
Coconut or copra oil:
73, 902
17, 557
23,988
22,353
27,188 25, 247 39,614 47,417
45,306 18,827 54,830 68, 683 63, 024
Consumption, factory:t
3, 371
8,737
36, 581
8,173
16, 603 22,815 26,614
16, 305 19,505
30, 909 32, 749
8,504
12, 729
Crude
thous. of lb__
Refined
do
120,045 119,090 108, 493
85, 537 92, 366 100, 880 105,974 95, 441 77, 793 90,965
115,1
87, 005 97,177
Importsd"
do
1,832
3,125
5,475
9,257
10, 258
7,780
10, 541
8,607
9,622
9,797 12, 376 13, 935
13,5
Production:
Crudet
—do
228
163
54
103
42
211
227
515
525
412
397
300
Refined
do
33
9
60
9
446
35
111
r 118
1,070
703
338
151
104
Stocks, end of month:J
241
118
359
147
100
399
140
-369
914
1,091
1,032
771
575
Crude..
--do
Refined.
do
44, 252 23, 303 18, 234 37, 972 98,629 228,936 232, 892 176,065 181,204 132. 015
68,680
92, 738 100, 562
Cottonseed:
"
Consumption (crush).
thous. of short tons.. 126, 818 > 56, 120 48, 616 45, 738 40,314 31,628 27, 765 52, 276 58, 277 80,913 119, 928 158, 905 158, 675
Receipts at mills
do
50,834
32, 626 16, 781 13, 518 26,021
69,807 160,011 164,961 124,786
68, 248 r 72, 360
93, 504
Stocks at mills, end of month.
do
63, 563
43, 994 24, 542 23,333 27,114 63, 245 93,603 101,983 98, 093 105, 959 86, 564
72, 088 r 91, 943
Cottonseed cake and meal:
Production
.short tons.. 73, 351 77, 416 84, 414 84, 768 67, 513 65, 774 82,163 61,321 93, 543 129,160
113, 769 108, 240 81, 664
Stocks at mills, end of month
do
16, 542
16,144 13, 504 16,132 16, 501 13, 461 22,832 27,101
25, 279 30, 116
18, 491
Cottonseed oil, crude:
Production
thous. of lb~
.143
.163
.143
.143
.143
.389
.268
.262
.302
.280
.350
0)
Stocks, end of month
d o — 83, 789 r 78,566 69, 571 48,258 33, 457 14,982
Cottonseed oil, refined:
21,354 26, 591 116,300 138,120 126,973 113,015 103, 872
191, 326 405, 976 394, 368 353, 322 316,186 263,154 197,152 157, 322 165, 771 165, 735 171,157 170, 239 182, 808
Consumption, factory!
do-.In oleomargarine
do ....
642
788
432
97
796
377
48
12
20
14
Price, wholesale, summer, yellow, prime (N. Y.)
dol. per lb_.
142
114
114
278
175
35
210
591
1,938
211
Production
thous. of lb..
231
482
288
629
133
69
210
387
1,396
1,077
2
Stocks, end of month
do
751
292
175
1,134
194
270
1,279
448
652
1,194
327
307
303
Flaxseed: 1
Importsd
.thous. of bu
365
554
233
468
2,725
3,174
638
311
2,752
1,877
479
182
750
Duluth:
210
197
134
173
481
751
225
547
1,941
190
73
257
146
Receipts
do
1,042
620
1,202
261
3,219
2,576
3,967
3,905
3,889
3, 513
2,896
Shipments
do —
Stocks
do
3,692
2,091
2,789
2,470
2,015
2,046
2,343
1, 636
2,150
2,284
1,883
Minneapolis:
1,790
1, 545
2,739
2,789
2,306
3,309
2,846
2,495
3,644
1,079
3,488
2,849
3,362
Receipts
do—
2,024
1,415
3.79
3.35
3.10
3.10
3.27
3.95
4.00
8.51
5.22
7.26 2 7.27
Shipments
do—
7.25
Stocks
do
22, 962
Oil mills:J
26,820 24,840 24,960 41, 700 27,840 34,020 37,200 34, 080 33, 960 24, 420
Consumption
d o — 28, 740 30,960 34,080
Stocks, end of month
do —
Price, wholesale, No. 1 (Minneapolis)__-dol. perbu.. 45,174 46, 888 51, 297 48,938 45, 737 41, 603 46, 652 43, 227 44,246 42,302 41,891 44, 978 41, 575
.176
.155
.155
.168
.155
Production (crop estimate)
thous. of bu.
.178
.155
.395
.188
.354
.358
. 366
.378
Linseed cake and meal:
42,129
41,371
50, 522 75.884 57,290 46, 494 42,624 44, 712 36, 696 34, 823 30, 499
40, 622
31, 401
Shipments from Minneapolis
thous. of lb 23, 460 26, 580 23,880 23, 520 20,100 20, 400 22, S80 23,040 26,760 27,840 21,720 20, 460 19, 380
Linseed oil:
125, 060 138, 748 132,346 117, 589 115, 468 121, 810 128,814 128, 653 126,136 136, 550 152,069 140, 898 136, 681
Consumption, factory %
do-..
Price, wholesale (N. Y.)
dol. per lb~ 16, 508 15, 241 14,214 13,984 12,051 12,957 11,955
10,929
15,054 15,669
17,115 r 15, 983
ProductionJ
thous. of lb—
2 196,725
Shipments from Minneapolis
do
34,087
37,249
27, 799 22, 753 16, 702
9,176
1,793
40, 235
41, 970
60,021
56,104 ' 52, 338
Stocks at factory, end of month
do...
Soybeans:
f Revised. » No quotation. » December 1 estimate. 8 Less than 500 pounds. « No sales.
Consumption, factory* published in the 1942 Supplement; unpublished data through February 1945 for the indicated series will be shown later.
-thous. of bu
o"Data continue series
Production (crop1941-42 for coconut or copra oildo...
JRevisions for estimate)
production and stocks and linseed oil production and for 1941-43 for other indicated series are available on request.
Stocks, end of month S-24 of the May 1946 Survey for a brief description of the new series for turpentine and rosin and data beginning 1945; data beginning in 1942 will be shown
do...
*New series. See p.
later.
t Revised series. See note on p. S-23 of the November 1943 Survey regarding change in the turpentine price series.
SUEVEY OF CUREENT BUSINESS
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
S-25
1947
1946
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
CHEMICALS AND ALLIED PRODUCTS—Continued
OIL SEEDS, OILS, FATS, ETC.—Continued
Soybean oil:
Consumption, factory, refined!
thous. of lb_
Production: J
Crude
_
_.do___
Refined
...do...
Stocks, end of month:%
Crude
_
„
do
Refined
do
Oleomargarine:
Consumption (tax-paid withdrawals)§...
do
Price, wholesale, standard, uncolored, (Chicago)
dol. per lb_.
Production§
thous. of lb_.
Shortenings and compounds:
Production
do
Stocks, end of month
do
Vegetable price, wholesale, tierces (Chi) .dol. per lb._
113,782
88,478
90, 566
145,132
121,389
134,747
119,199
125,990
112,155
93, 994 150, 589 153,079
74,174 110, 079 114,637
45, 510
.424
138,551
51,184
0)
41,837
.165
.165
46, 677 43,495
108, 434 113,829
39, 793 44,002
.165
.165
94,936
86, 459
124, 587 107,904
114,395 105,136
85,466
98,870
89,810
116, 508 107,441 ' 82, 612
96,301 106,081
88,106
94, 787 106, 744
95, 542 107,954
104,827
98,841 134,303
86, 669 120,031
137, 262 151,554
i21, 932 126,298
141,115
120,867
148,334 137, 539 146,866
111, 749 116,356 103,110
41, 530 34, 567
.165
41,968
.165
36, 062
123,847 103,861
46, 233 45,868
.165
.165
131,659 116, 522 111, 756 108,591
90, 535 77, 293 55,998
52,604
37, 232 40, 781 32, 373 51,428 56, 550
0)
0)
43,402
.195
37,067
.270
60, 271
100,896 134,921
44, 045 42,503
100,740
52,830
.171
127,694
51,442
.171
47, 262
0)
0)
98, 538
61, 758
97, 712 r 97,226
'
70,131
76,995
57, 680
66,262
.393
.412
59, 771 67,946
157,006 139, 760 131,754
41, 578 41,305 51,391
.420
62,966
0)
0)
0)
66,470
. 394
67,755
129,315
48,311
0)
PAINT SALES
Calcimines, plastic-texture and cold-water paints:*
Calcimines
thous. of doL.
Plastic-texture paints
do
Cold-water paints:
In dry form
do
In paste form for interior use
do
Paint, varnish, lacquer, and fillers, total
do
Classified, total
do....
Industrial
do
Trade..
do...
Unclassified
do
85
100
113
91
111
73
115
87
135
73
129
135
64
146
305
274
64, 697
58, 279
20,940
37,339
6,418
365
271
72,339
65,021
24, 256
40, 765
7,318
439
281
72,463
65,134
24,475
40, 659
7,329
476
244
66,071
59,422
23,653
35, 769
6,649
500
269
65, 202
59, 258
24, 259
34,999
5,944
534
286
68,482
61,240
26,060
35,180
7,242
454
217
63,054
55,773
24,014
31, 759
7,280
555
261
69,991
63,156
28,219
34,937
6,836
420
371
70,136
62, 483
27,374
35,109
7,652
1,861
7,181
1,714
1,643
7,251
1,532
1,826
6,736
1,429
1,883
7,167
1,524
1,509
7,242
1,539
1,535
7,001
1,515
1,977
7,472
1,697
1,073
5,984
1,233
1,691
7,951
1,506
1,920
7,657
1,597
1,481
7,081
1,319
101
'93
'254
329
'403
286
'307
73, 538 r 83,788
66,131 r 74, 210
30, 342 ' 32,405
35, 789 '41,804
7,407 ' 9,578
91
227
351
333
81,289
72,925
29,959
42,966
8. 364
CELLULOSE PLASTIC PRODUCTS
Shipments and consumption: <>
g
Cellulose acetate and mixed ester plastics:
Sheets, rods and tubes
thous. of lb
Molding and extrusion materials
do_.
Nitrocellulose, sheets, rods, and tubes
do..
1,610
6,461
1,229
1,752
6, 504
1,521
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), totaP.mil. of kw.-hr_
Industrial establishments*
__
do__
By fuels*
do
By water power*
__
_
do
Utilities (for public use), totalf
_
do
By fuelsf
_
do
By water powerf
-- ___do.__
Privately and municipally owned utilities
do
Other producerst
- - - -- do_. _
Sales to ultimate customers, total (Edison Electric
Institute)^
_
mil. of kw.-hr
Residential or domestic
do
Rural (distinct rural rates).
do
Commercial and industrial:
Small light and powert -do
Large light and powert
. do__
Street and highway lighting^
do
Other public authorities^
do
Railways and railroads^
>
do
Interdepartmental^
_ do_.
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous. of dol
25,544
4,298
3,843
455
21,246
13,981
7,265
18,266
2,980
21, 675
3,875
3,468
407
17,800
10,521
7,278
15,288
2,512
21,265
3,787
3,329
459
17,477
10,797
6,680
15,076
2,402
21,288
3,613
3,139
474
17,675
10,577
7,099
15,162
2,514
21,441
3,818
3,381
437
17,624
10,943
6,681
15,212
2,412
22,583
3,963
3,551
412
18,620
12,204
6,416
16,045
2,575
23,669
4,155
3,788
366
19,515
13, 389
6,125
16,783
2,731
22, 788
3,683
3,674
309
18, 805
13,169
5,636
16,123
2,682
24,430
4,208
3,867
341
20, 222
13,935
6,287
17,316
2,906
23,943
3,994
3,675
319
19,949
13,669
6,280
17,119
2,830
24,875
4,028
3,672
356
20, 847
14, 269
6,578
17,842
3,005
25, 957
4,321
3,896
425
21,636
14,500
7,136
18,545
3,092
23, 698
4,083
3,683
399
19,616
13,261
6,355
16,833
2,783
15,091
3,282
249
15,233
3,094
328
15,064
2,994
379
15,185
2,954
443
15,608
2,883
470
16,474
2,900
548
16,358
3,018
489
16, 721
3,130
410
16,933
3,414
328
17,450
3,739
302
18,302
4,149
291
p 17,725
v 3, 975
2,622
7,592
193
486
613
53
2,595
7,916
174
483
591
52
2,578
7,869
160
463
570
51
2,617
7,963
147
459
550
61
2,718
8,309
154
464
558
52
2,815
8,953
168
468
572
51
2,825
8,800
184
455
537
50
2,821
9,064
206
471
572
47
2,944
8,908
222
460
609
49
3,018
8,832
236
600
667
55
3,175
9,219
233
511
674
51
P 3, 075
p 9,000
282,543
278,337
277,145
279, 659
286,945
288,041
292,587
300, 489
310,910
326,460
GASf
Manufactured and mixed gas (quarterly):
Customers, end of quarter, total.._
..thousands..
Residential (incl. house-heating)__
_ _ . do
Industrial and commercial
do
Sales to consumers, total
—mil. of cu. ft Residential
_. _ _ do
Industrial and commercial.
do
Revenue from sales to consumers, total.thous. of dol__
Residential (incl. house-heating)..
do
Industrial and commercial.
do
Natural gas (quarterly) :
Customers, end of quarter, total
thousands..
Residential (incl. house-heating)
do
Industrial and commercial
do...
Sales to consumers, total
mil. of cu. ft..
Residential (incl. house-heating)
do
Industrial and commercial...
do...
Revenue from sales to consumers, totaL.thous. of dol.
Residential (incl. house-heating)
do...
Industrial and commercial
do
278,544
11,256
10,557
690
171, 804
120, 212
49, 588
142,919
107, 723
34, 008
10,687
699
11,394
133,355
88,856
43,139
122,181
92,055
29, 245
11,319
10,616
694
110,834
70 113
39 657
107,835
80,923
26, 214
11,411
10 687
714
146,400
98, 474
46,171
130 155
97, 743
31,345
9,153
8,521
627
638,355
250, 766
361,322
229,428
144,875
80,721
9,171
8,554
612
508,141
129,143
361,315
159,853
85,177
72, 265
9,259
8,654
600
465,984
73,020
383,859
131,165
56, 383
73 393
9,478
8,812
661
573,015
161 621
400 202
188, 587
101, 256
85,239
' Revised, v Preliminary. i No quotation. \ Minor revisions for 1941-43 are available on request.
§For July 1941-June 1942 revisions see February 1943 Survey, p. S-23; revisions for July 1942-June 1944 are on p. 23 of the November 1945 issue; revisions for July 1944-June 1945
are on p. S-25 of the August 1946 issue; revisions for July 1945-June 1946 are on p. S-25 of the March 1947 Survey.
• Data for some items are not comparable with data prior to 1945; see note for calcimines, plastics and cold-water paints at bottom of p. S-23 of the December 1945 Survey.
K For 1943-44 revisions for the indicated series see notes at bottom of pp. S-23 and S-24 of the May 1945 Survey.
<> Data for sheets, rods and tubes are comparable with similar data in the 1942 Supplement; see note in September 1946 Survey regarding change in data for molding, etc. materials.
g
* New series. For data for 1939-45 for production of electricity by industrial establisments see p. 32 of the February 1947 Survey.
t Revised series. Gas statistics are shown on a revised basis beginning in the December 1946 Survey; see note in that issue. For revised figures for the indicated series on electric
power production, except the series for "other producers," see p. 32 of the February 1947 Survey; revised figures for 1920-July 1945 for "other producers" will be shown later.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
May 1947
1947
1946
March
March
April
May
June
July
August
September
Octo-
Novem- December
ber
January
February
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:f
5,664
5,485
6,836
6,844
5,890
7,373
6,723
Production
thous. of bbl.
8,436
7,948
1, 610
5,761
7,136
6,277
5,618
5,728
6,007
6,374
7,209
Tax-paid withdrawals
do...
7 228 7,110
»,523
5,543
6,461
5,965
7,476
9,325
8,463
8,148
7,819
8,035
7,881
Stocks, end of month
_
do...
i, 175
9,134
7,838
8,309
9,067
8,467
Distilled spiritsApparent consumption for beverage purposes!
19, 470
19, 393 19,124
18, 535 19,068
19,392
17,691
20,408
19, 933 19, 739 14,871
thous. of wine gal.
13, 455
1,580
2,078
1,964
1,525
1,467
1,130
1,312
1,611
1,447
Imports§._
_._
___thous. of proof gal1,219
725
817
20, 912
19,719
15, 304 13,486
32,757
16,011
15, 538 25, 020 31,488
Production!- _
thous. of tax gal.
20, 703 31,802
38,437
34,541
11,182
10,672
10,929 ••9,631
12,979
12,120 11,519
Tax-paid withdrawals!
do__.
11,115
12, 734 12,173
13,184
12, 498
10,070
Stocks, end of monthf—
do.__ 492,466 410, 226 417,419 418,657 420, 262 421,390 420, 947 420, 778 418,925 419,350 433,117 454, 426 473,163
Whisky:
932
970
1,032
708
711
639
833
1,033
Imports!
_thous. of proof gal.
582
873
713
12,549
12,856
8,155
7,382
19,272
8,526
7,504
8,517
9,257
7,838
Production!
thous. of tax gal.
19,790
24,583
21,462
5,576
5,282
5,019
3,933
4,903
4,557
4,870
4,915
5,968
6,454
Tax-paid withdrawals!
do._.
5,816
5,952
4,640
Stocks, end of monthf
do... 437, 770 364,016 370, 268 371,862 374, 072 376, 213 377, 290 378,902 380, 295 380, 557 391, 613 408, 517 423,841
Rectified distilled spirits, production, totalf
r
13,582 ' 13,860 ' 13, 378 ' 11,949 14, 450
15,036
10, 635
14,415
16, 202 15,104
thous. of proof gal13,903
13,829
11,164
10,876
10, 924 10, 510
8,991
9,621
11, 764 12,150
12,484
14,429
13,462
Whisky
do._12,178
12,528
10,170
Wines and distilling materials:
Sparkling wines:
15
43
66
56
48
32
39
46
85
Imports§.
thous. of wine gal.
84
20
7
283
215
248
194
238
241
249
251
184
192
Production!
do—
192
152
144
145
153
167
168
194
254
166
230
181
Tax-paid withdrawals!..
do
68
49
1,000
1,129
1,216
1,225
1,291
1,389
1,325
1,400
Stocks, end of month!...
do—
1,315
1,521
1,429
Still wines:
Imports§-.
Production©
Tax-paid withdrawals!—
Stocks, end of month!
Distilling materials produced at wineries©
do
do
do
do
do
12,814
139,158
2,883
321
414
476
670
676
655
11,984
11, 246 11,100
126, 599 115,362 102,014
5,637
7,938
7,478
532
974
10,177
91, 995
10,041
439
5,009
10,643
85,435
16,186
.523
.694
119, 325 127,330
49,649 69,510
.705
115,765
84,980
.768
104,830
73,931
.840
97,495
59,586
2,699
2,652
3,089
319
443
470
51,133
84,152 20,909
10, 321 12, 065 11, 538
129,098 206,301 216, 770
97,470 144,854 56, 709
331
3,639
9,878
205,365
9,987
255
1,099
7,392
197,313
1,743
232
862
5,577
190,155
1,303
.816
81, 260
41,477
.822
89,035
27,874
97, 785
18,224
.709
'91,720
9,988
1,384
1,304
652
389
.295
.371
.409
.435
.449
()
*
129, 500 116, 625 106,470 93, 330 83, 340 70,500
96,930 87,830 81,010
70,340
51,655
60,785
136, 759 148,786 160, 272 157,180 129,941 123,435
110,807 120,136 126,899 126,084 101,185 92,422
.399
69, 680
50,920
123. 592
93,873
.383
74,275
55, 680
114,606
87,459
.370
77,110
58, 990
98,053
74, 795
DAIRY PRODUCTS
Butter, creamery:
Price, wholesale, 92-score (N. Y.)t
dol. per lb._
Production (factory)!
thous. of lb__
Stocks, cold storage, end of monthcf.
do
Cheese:
lmports§
do
Price, wholesale, American Cheddars (Wisconsin)
dol. per Reproduction, total (factory)!
thous. of lb_.
American whole milk!
do
Stocks, cold storage, end of montho"
do
American whole milk
do
Condensed and evaporated milk:
Exports:!
Condensed.
do
Evaporated
do
Prices, wholesale, U. S. average:
Condensed (sweetened)___
__dol. per case..
Evaporated (unsweetened)
.do
Production:
Condensed (sweetened):
Bulk goods*
thous. of lb._
Case goods!
do
Evaporated (unsweetened), case goods!
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of lb_.
E vaporated (unsweetened)
do
Fluid milk:
Price, dealers', standard grade
dol. per 100 lb__
Production!
mil. oflb__
Utilization in manufactured dairy products!. _.do
Dried skim milk:
Exports!
thous. of lb_.
Price, wholesale, for human consumption, U. S.
average
dol. perlb..
Production, total!
thous. of lb._
For human consumption!
do
Stocks, manufacturers', end of month, total
do
For human consumption
do
.473
76,896
14,925
.473
91,140
14,052
.473
113,995
26,856
1,464
110,120
7,865
1,461
1,663
.270
78, 465
53,160
86,998
74, 420
()
100,285
78,285
92, 203
71,419
.270
.270
98,145 125,095
62,185 91,140
84,845 102,142
73, 054
1,275
1,807
r
3,066
89, 447
2,955
55, 233
1,979
30, 767
3,634
39,791
15, 580
46,037
8,911
28,871
4,273
23, 354
7.03
5.32
7.78
5.46
7.92
5.79
8.25
5.88
8.25
5.88
8.25
'5.88
8.25
5.72
42, 910 26,385
6,275
7,450
195, 600 169,100
31,310
6,780
183, 550
29,975
7,980
206, 300
32,005
7,100
210, 200
5,551
7,748
1
i,617 Ml, 1 9 10, 826 ' 12, 549 11, 377
8,701
80, 689 150, 579 220, 331 • 229, 279 211, 680 202, 775 171,026 148, 210
3.30
3.32
4.62
3.47
4.00
4.21
4.87
4.43
10, 430 12, 201 12, 578 11, 927 10,838
8,989
8,297
9,446
3,664
3,334
4,638
4,226
2,809
3,724
4,803
5,230
129,464
4,923
130, 902
4, 346
117,497
4.96
8, 529
3,016
4.94
8,911
3,311
9, 791
112, 217
10,899
82,005
9,786
101,653
8.28
5.64
6.33
4.15
6.33
4.14
6.33
4.21
47,470
8,620
270, 800
52,160
10,025
235, 200
73,155
10,190
297,400
5,450
118,926
4,415
r 58,946
4.68
9,870
3,954
3.29
9,713
3,002
5,667
6,619
38, 760 135,652
6.33
4.54
105, 530 107,705
13,170
12,600
381,000 385,800
6.79
5.09
92,340 77,380 '57,710
10, 800 10,400
8,250
336,600 291, 400 242,000
r
r
4.74
8,491
3, 205
15,856
.100
68,800
66, 600
80, 236
79,126
r
8,358-
4,014
5,101
20,992
23, 596
11,683
6,022
14,728
4,540
9,594
10, 329
.145
57,380
56, 350
22, 427
22,018
.144
71,390
69,750
35, 996
34,832
.145
94,150
91, 800
72, 696
71, 448
.143
92, 575
89, 450
87,745
83, 566
.146
73, 400
71,300
82, 413
78,930
.145
56, 725
55, 300
68, 984
65,712
.147
39, 840
39, 100
62, 267
59, 698
.146
29, 410
29, 060
46, 885
44,852
.147
24,150
23,800
34,809
32, 786
.145
35, 695
35,100
39, 543
38,299
.131
46,080
45,130
45,947
45, 600
.114
51,160
49, 930
61, 886
61,213
FRUITS AND VEGETABLES
Production (crop estimate)
thous. of bu__
121, 520
1,530
2,671
243
Shipments, carlot
no. of carloads._
1,046
3,627
458
1,319
6,143
6,940
11,720
6,682
5,894
' 5, 222
1,497
Stocks, cold storage, end of month
thous. of bu_.
3, 522
249
112
7,673
634
513
10,145
31,973
33, 413 27,344
19, 379
12,944
Citrus fruits, carlot shipments
no. of carloads._ 11, 391
19, 229
21,123
,171
13,315
8,755
6,867
10,961
7,724
15, 503 19,381
21, 234 " 17, 032
Frozen fruits, stocks, cold storage, end of month
thous. of lb__ 365,703 321,765 291,148 278,109 297, 629 396,637 459, 581 501,914 510, 257 497,802 470, 710 439,226 403, 664
Frozen vegetables, stocks, cold storage, end of month
thous. of lb._ 275, 750 147, 394 140, 277 144, 573 175,704 229,187 284, 809 317, 691 351, 273 351, 474 333,084 320, 307 296, 588
Potatoes, white:
Price, wholesale (N. Y.)
dol. per 100 lb._
3.844
4.115
3.894
3.344
3.465
3.012
3.006
2.515
3.188
2.312
2.495
2.538
2.638
Production (crop estimate)!
thous. of bu__
474, 609
30,954
Shipments, carlot
no. of carloads. _ 30, 079
24, 282
;0, 203 30, 627 25, 095 21,505 21,405
24,862 21,567
20, 798 i r 21, 830
16, 905
T
Revised. * December 1 estimate. 2 No quotation. % See note in June 1945 Survey for explanation of this price series. c? See note marked "tf1" on p. S-28.
O Distilling materials produced at wineries, shown separately above, were formerly combined with production of still wines.
§ Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
• Revised 1943 data are on p. 13 of the March 1945 Survey; see note on item in February 1945 issue regarding earlier data: 1944-45 revisions are on p. 16 of April 1947 Survey.
! Revisions for consumption of distilled spirits for beverage purposes are shown on p. 22 of the July 1946 Survey. See note marked " ! " on p. S-25 of the April 1946 Survey for
reference to 1941-44 revisions for other alcoholic beverage series and p. S-27 of the May 1946 issue for revisions for fiscal year 1945; revisions for all months of the fiscal year 1946 are shown
on p. S-26 of the March 1947 Survey. Stocks for distilled spirits include products branded "spirits" which were shown in the May-October 1946 issues of the Survey with data for
ethyl alcohol, (see note in November 1946 Survey); production figures are net excluding spirits used in redistillation; tax-paid withdrawals of ethyl alcohol which are largely for beverage purposes, are not included here but are shown on p. S-23. See notes marked " ! " on pp. S-25 and S-26 of the April 1946 Survey for references to 1941-43 revisions for the indicated
series for manufactured dairy products; revisions for 1944-45 for these series and for utilization of milk in manufactured dairy products are shown on p. 16 of the April 1947 Survey
revisions for 1942-43 for utilization of milk in manufactured dairy products will be shown later; January 1940-January 1946 revisions for milk production are on p. 19 of the April 1947
Survey. Revised estimates of potato crop for 1929-40 are available on request.
SURVEY OF CUKRENT BUSINESS
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
S-27
1946
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and mealo"
thous. of bu.
Barley:
Exports, including maltcf
do...
Prices, wholesale (Minneapolis):
No. 3, straight
dol. per bu_.
No. 2, malting
do__.
Production (crop estimate)!
thous. of bu.
Receipts, principal markets
do
Stocks, commercial, domestic, end of month
do
Corn:
1
Exports, including mealrf
thous. of bu._
Grindings, wet process
do.
Prices, wholesale:
No. 3, white (Chicago).
dol. per bu__
No. 3, yellow (Chicago)
do
Weighted average, 5 markets, all grades
do
Production (crop estimate)!
thous. of bu..
Receipts, principal markets
_
...do.
Stocks, domestic, end of month:
Commercial
do.
Onfarmsf
do_
Oats:
Exports, including oatmealcf
do
Price, wholesale, No. 3, white (Chicago)-dol. per bu...
Production (crop estimate)!
thous. of bu..
Receipts, principal markets
do..
Stocks, domestic, end of month:
Commercial
do__
On farmsf
do_.
Rice:
Exports^1
pockets (100 1b.)
Imports cf
do
Price, wholesale, head, clean (N. O.)
dol. perlb..
Production (crop estimate)!
thous. of bu._
California:
Receipts, domestic, rough
bags (1001b.)_.
Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of cleaned),
end of month
bags (1001b.).Southem States (La., Tex., Ark., Tenn.):
Receipts, rough, at mills
thous. of bbl. (162 lb.)_.
Shipments from mills, milled rice
thous. of pockets (100 lb.)__
Stocks, domestic, rough and cleaned (in terms of
cleaned), end of mo...thous, of pockets (100 lb.)_.
Rye:
Price, wholesale, No. 2 (Minneapolis)
dol. per bu._
Production (crop estimate)!
._. thous. of bu._
Receipts, principal markets
do
Stocks, commercial, domestic, end of month
do
Wheat:
Disappearance, domestic!.
do...
Exports, wheat, including flour d*
do
Wheat onlycf
do...
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
dol. per bu_.
No. 2, Red Winter (St. Louis)
do
No. 2, Hard Winter (K.C.)
do...I
Weighted av., 6mkts., all grades
do
Production (crop estimate), total!
thous. of bu_.
Spring wheat
do
Winter wheat
do
Receipts, principal markets
do~~"_
Stocks, end of month:
Canada (Canadian wheat)
do
United States, domestic, total! !
do
Commercial
do
Country mills and elevators!.
do
Merchant mills
do
On farms!
.do
Wheat flour:
Exportscf
.do
Grindings of wheat!
do
Prices, wholesale:
Standard patents (Minneapolis)§
dol. per bbl._
Winter, straights (Kansas City)§
do I"
Production (Census) :J
Flour
.thous. of bbl__
Operations, percent of capacity.._
Offal
thous. of Tb__
Stocks held by mills, end of month
thous. of bbL.
13,417
28,346
21,168
41,542
' 28,632
27,347
24,134
12,333
26,987
35,135
871
814
793
570
245
402
249
209
489
435
1.84
1.91
1.34
1.35
1.34
1.36
1.40
1.43
1.43
1.45
1.61
1.66
1.61
1.66
1.67
1.70
1.61
1.70
1.62
1.72
7,242
14,108
11,300
5,062
8,335
4,116
5,939
4,668
4,464
8,284
3,983
18, 250
11, 554
22,046
18, 248
14,840
26,161
8,026
24, 510
12,245
565
11, 385
152
9,322
2,024
9,722
7,036
10, 636
2,508
997
9,977
111
10, 456
385
11, 652
487
12,198
0)
(0
0)
16, 581
" 16," 153
1.74
1.73
1.59
~48,~i69
37, 387
23,608
1,294,709 1,032,856
2,010
1.26
1.11
19, 511
0)
1.45
1.30
0)
1.53
1.40
2.835
(l)
1,898
473" "li~045
0)
1 93
1.88
(9
2.10
4,076
1.82
1.89
1.63
1.83
"II," 297" " 18," 062
"II," 103' "23," 924
"16,830
15,904
496,928
11,864
11,768
4,944
153,003
653
337
.82
2,384
.78
3,872
.81
~ 29," 383
29,171
2.32
2.17
2.03
~5~ 478
1.69
1.77
2 263,350
9,214
20,985
9,149
11,701
1.50
1.34
1.25
23,287,927
44,316
~40,~562
1.43
1.33
1.21
1.51
1.42
1.31
1.75
1.39
1.31
14, 758
"497913
"43," 643
27,870
2,165, 716
31, 667
34,505
797
.84
323
'.84
11, 543
9,412
7,360
6,162
25,315
30, 832
25, 257
18,922
23,890
571, 372
14, 234
6,578
3,153
3
274,862
7,181
15,080
20,319
1,155,691
19,669
14,185
9,158
.090
920,815
7,817
.066
698,915
3,166
.066
339, 350
18, 580
.066
646,012
3,742
.066
305, 369
3,098
••.116
63, 686
13,383
.066
141,848
5,955
r.072
89, 520 1,145,334
6,668
1,551
2.082
'.086
1,608,421
63
'.090
2 71, 520
791,866
323,260
394, 471
224,996
363, 534
240,021
372,348
216, 602
406, 543
283,065
385,943
239, 752
219, 032
299,916
410, 004
272,359
264,032
275, 655
262, 672
280, 446
144,392
123, 691
210
267
81
25
7
495
2,493
1,114
1,121
462
253
439
184
1,588
1,772
1,190
821
591
171
3.54
2.36
2.70
2.84
2.85
2.09
354
2,139
476
3,113
317
1,016
270
••460
72
322
193
262
333,041
349,898
29, 551
21, 485
23,154
12,808
16, 268
6,526
232, 068
33, 283
23,869
25,754
17,322
1.79
1.90
1.94
1.86
1.90
1.77
0)
1.72
1.75
1.77
0)
1.72
1.76
1.81
0)
0)
1.64
1.76
5,152
12, 705
"16,"
2.72
2.81
2.69
2.67
572
1.70
1.78
2,076
12,313
6,321
536,787
0)
42, 347
271
4,806
19, 313
'~14,~667
0)
<
_
10, 241
20, 608
1,703
.83
21,509,867
11,253
11,426
.94
OO,
2,517
.85
486,202 1,066,049
1,328
18
r
.O9O
.090
901,952
704,105
860,461
703,634
863, 324
601,980
758,817
556,844
523, 274
452, 766
327, 526
327, 349
283,938
4,713
2,564
1,377
680
426
1,085
2,323
2,684
1,868
1,814
1,449
485
1,987
4,624
4,708
4,365
3,396
2,441
1.95
2.24
2.39
2.68
2.86
3.11
1,123
1,126
799
1,612
692
2,143
2.79
218,685
596
2,476
469
2,465
322
2,336
23,552
15,977
305, 543
19,835
10, 501
10, 793
6,100
23,369
11, 563
••307,603
30, 920
14,995
27, 349
11,141
32, 304
12, 712
2.22
2.11
1.98
2.03
2.06
2.03
1.94
1.99
2.10
2.08
1.96
2.05
2.20
2.14
2.04
2.14
2.25
2.33
2.09
2.18
2.31
2.40
2.26
2.28
56, 399 1,363,897
52,842 491,946
35, 030
31,111
16,472
40,268
41,005
76,432
53,853
56,113
54,929
109,849
309, 644
32, 838
61,443
72, 605
139,855
102, 441
332,135
34,317
r
36,477
55,899
198, 481
81,080
• 63, 529
39,487
50,903
0,l26
109,723
950. 286
103, 595
177,329
114, 463
552, 715
141,047
~17,~849"
46, 791
1
100,094
3 29,917
" " 382
* 12,838
3
41, 606
63, 301
1,716
44,975
2,201
42, 745
2,073
36, 220
2,003
37, 556
1,794
47,500
1,612
51,442
13.66
12.99
6.55
6.49
6.55
6.49
6.55
6.49
9.53
9.58
13, 991
91.4
,901,256
2,842
10, 680
69.4
622,980
2,385
10,142
65.8
584, 280
8,617
55.8
492,800
8,943
60.2
505, 660
906
Livestock slaughter (Federally inspected):
Calves
thous. of aminals..
644
Cattle
do....
1,228
Hogs
__
do
3,406
Sheep and lambs
do
1,237
1
r
2
No quotation.
Revised.
Dec. 1 estimate.
484
904
3,636
1,978
445
715
3,858
1,736
402
676
4,149
1,374
294
451
2,316
1,678
2.27
2.32
2.07
2.17
!
1,155,715
2 281, 822
2 873, 893
33,868
36,581
2.33
2.25
2.10
2.23
;8,254
38, 716
98,392
148,849 131,8
642,685
56, 256
85, 512
r 118.991
' 96, 779
366, 255
1,986
54, 210
60,069
2,512
57,690
60,647
3, 449
64,575
4,169
57,162
8.76
8.72
9.25
9.19
9.55
9.38
10.95
10.38
11.61
10.90
11.52
11.10
11.62
11.42
11, 259
72.8
641,300
12,173
75.8
712,000
12,078
84.5
902,900
2,205
13, 298
82.7
,022,700
12, 749
89.1
986, 350
13,368
89.5
1,043,688
3,216
14,238
92.3
,112,708
12,609
93.2
982,960
542
1,239
3,863
1,738
534
1,240
2,843
1,578
364
360
438
1,300
651
1,103
3,114
2,005
656
1,348
5,434
1,529
591
1,352
5,135
1,346
591
1,403
5,844
1,542
521
1,143
3,897
1,271
90,253
152,631
r
119, 006
44,745
LIVESTOCK
•
-J
Pri
— * J—
v v w ^ *.*,* e,*^,^^.^^^ i.vw.», w i i v v w u JUI u t*ij.u.u,i ,y i.o-ig w i c w u a i ) -i ^tw, a i e ^i veil in nui/t;s ixi tut; ivj.ay 1946 a n d previous issues of t h e
** v
f o e ^ ^ C o e r ^ J f l 1 9 4 3 h / S ? b e e n c l U0t f d fo.r Sac 1 ks ? f i ? 0 Pounds and have been converted to price per barrel to have figures comparable with earlier data. For March-August
Quotations are for flour of 80 percent extraction; beginning September 1946, quotations were resumed for flour of normal extraction (72 percent)
^ i i c .eat owned vy wie Commodity Credit Corporation
+ i ^ i c £ ? c i S n c Ul u%v?'na i u w u e u by the yummouiiy ^recni corporation stored ott larms in its own steel and wooden bins not included in the break-down of stocks.
off farms
i ne indicated gram series have been revised as follows: Crop estimate for oats, 1932-41, and rice, 1937-41; other crop estimates, 1929-41; domestic disappearance
e leva
of wheat and stocks o
Arfrin^V^nrTpW ^
. t°. rs > 1 934 ^ 1 /., C ° ^ ' oat and wheat stocks on farms and total United States stocks of domestic wheat, 1926-41; see note marked
* *t" on p. S-26 of theApril 1946 burvey for sources of revisions ffor 1941; all revisions are available on request.
Apri
:
vey
1941:
renna.ct
iQ^t
1946
SURVEY OF CURRENT BUSINESS
S-28
1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
-May 1947
1946
March
April
May-
June
July
1947
August
September
October
Novem- December
ber
February
January
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK—Continued
Cattle and calves:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 8 corn belt Statesf—
-do
Prices, wholesale:
Beef steers (Chicago)
dol. per 1001b..
Steers, stocker and feeder (K. C.)
do
Calves, vealers (Chicago)
..
do
Hogs:
Receipts, principal markets.
thous. of animals..
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb_.
Hog-corn ratiof._bu. of corn per 100 lb. of live hogs..
Sheep and lambs:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 8 corn belt Statesf
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 1001b_.
Lambs, feeder, good and choice (Omaha)
do
2,290
161
1,920
91
2,145
109
' 1, 782
106
' 1, 730
141
3,121
176
' 2, 565
323
1,923
388
' 3, 664
730
23.30
20.13
22.90
16.26
15.22
15.66
16.56
15.86
15.75
16.77
15.82
15.63
17.30
15.72
15.88
21.36
15.53
17.10
21.71
15. 51
16.44
17.99
15.99
16.15
2,017
2,211
2,472
2.431
1,355
3,070
1,832
27.10
17.6
14.80
12.5
14.81
12.2
14.81
10.6
14.77
10.1
17.94
8.6
1,293
133
1,753
90
1,984
67
1,610
56
' 2, 521
76
23.12
21.22
15.23
15.38
15.51
15.30
16.00
16.75
20.38
0)
0)
1,393
850
72
64
191
1, 296
750
49
46
136
1,226
691
44
44
200
1,224
619
38
36
94, 545
30, 945
.371
681,465
199, 703
.202
526,166
162, 098
57, 648
14,049
' 2,875
445
2,447
233
2,404
154
1,950
23.57
16.42
18.19
23.64
16.30
18.38
23.19
17.63
18.20
22.16
17.68
22.13
21.94
18.96
22.88
293
' 2, 268
' 3, 244
3,469
2,304
20.84
11.6
16.25
9.1
22.82
13.5
24.07
18.0
22.87
18.6
22.45
18.0
25. 70
19.4
' 2,187
338
2,542
865
' 3, 660
941
1,966
304
1,495
121
1,669
171
1,406
198
0)
20.50
16.53
19.00
17.26
23.00
17.90
22.25
17.77
23.25
18.00
23.25
19.45
' 23.12
20.18
189
797
496
31
30
220
1,581
488
'39
28
118
1,286
389
40
27
61
351
258
22
19
13
1,245
297
26
21
32
1,742
442
39
40
1,724
623
56
36
42
1,954
'854
58
1,434
44, 577
39, 738
29,912
20,926
19, 691
2,535
532
3,475
8,377
.203
431,517
140,157
.203
409, 953
105, 905
275, 752
67,850
.319
674,964
68,444
.382
.235
664,848 210, 423
101, 825 79, 051
.380
590,798
64, 521
.409
689,827
111,091
89, 629
15, 513
75, 865
12,171
57,167
10,863
65,149
10,378
68, 844
9,108
680,480
718,345
757,222
456, 591
20, 718
27,321
47,991
46,919
2.614
.505
484,593
392,699
.264
.264
533, 909
396, 753
.268
.266
573,027
379,373
.265
.266
606,017
382, 742
.265
.266
360,342
322,433
.338
123, 637
106,691
42, 323
.147
106, 538
80, 438
55,435
.148
105,369
71,153
64,861
.148
109,563
45, 539
57, 689
.148
69,837
34,910
31,348
320,027
.272
37, 278
256,822
.274
34, 765
209,944
32,865
173,905
19,731
.332
6,791
22,576
.333
6,803
18, 763
.336
6,292
3,771
149, 710
6,425
200,176
8,683
245, 287
r
MEATS
Total meats (including lard):
Exports!
mil. oflb..
Production (inspected slaughter)
do
Stocks, cold storage, end of month®©*
...do
Edible offal®
do
Miscellaneous meats and meat products®
do
Beef and veal:
Exports§
thous. oflb..
Price, wholesale, beef, fresh, native steers (Chicago)
dol. per lb_.
Production (inspected slaughter)
thous. oflb..
Stocks, cold storage, end of month®cf
do
Lamb and mutton:
Production (inspected slaughter)
do
Stocks, cold storage, end of month® cf
do
Pork, including lard, production (inspected slaughter)
thous. oflb..
Pork, excluding lard:
Exports!
do___.
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb_.
Fresh loins, 8-10 lb. average (New York)
do
Production (inspected slaughter)
thous. of lb
Stocks, cold storage, end of month®©"..
.do
Lard:
Exports§
do
Price, wholesale, refined (Chicago)
dol. per lb..
Production (inspected slaughter)
thous. oflb..
Stocks, cold storage, end of monthcf
do
65, 053
13,135
54, 268
8,844
84,170
10,602
64, 591
15,696
837, 553 555,686
85,991
570, 068
987,245
42,219
12, 737
1,076
1,305
.410
.503
.419
.514
667, 522 425, 735
297,755 168,861
.265
.333
71,181
99,859
.265
.476
462, 454
142, 912
27,665
.350
94, 780
37, 969
11,679
.190
10,665
30, 021
8,268
.190
77,888
31,513
.283
38,138
178,842
.265
43,162
207,137
.307
61,131
184,841
.298
89, 972
261,006
.242
72,952
301,030
16, 553
.332
5,085
13,864
.340
4,284
11,151
.346
3,679
4,735
.406
3,295
2,900
.420
3,190
2, 585
.406
3,110
9,871
265,050
9,537
260,101
5,738
7,960
236, 256 207, 244
3,585
168,591
49,412
52, 555
0)
123,348
43, 590
'57
.415
.362
.384
705,974 757, 702 631, 697
169, 271 192, 660 • 195,820
58, 723
16, 893
68, 215
17,114
r
959, 053 1,128,378
57,380
16, 554
745,090
6,635
5,040
3,768
.554 ' 2.522
.404
.512
757, 765 728,500
209, 946 276, 232
16,647 20, 521
.392
0)
167,381
40,623 168,326
68, 756
2.509
.427
827, 411
399, 473
2.529
.509
555,330
399,317
25,074
.260
220,245
122,988
38,760
.298
138.683
117,557
POULTRY AND EGGS
Poultry:
.299
Price, wholesale, live fowls (Chicago)
dol. per lb_.
Receipts, 5 markets
thous. of lb._ 27,199
342,925
Stocks, cold storage, end of monthcT
do
Eggs:
11,031
Dried, production*
do
.418
Price, wholesale, U.S. standards (Chicago) •_ dol. per doz. _
6,171
Production t
millions..
Stocks, cold storage, end of month :c?
495
Shell
thous. of cases..
Frozen
thous. of lb._ 99,104
r
.266
.242
65,114 27, 631
316, 577 316,792
r
.266
23,641
283,825
3,946
.388
3,765
11, 744
.388
4,568
12, 749
.378
'4,813
1,717
767
132, 664 102,437
287
80,800
'221
73, 564
MISCELLANEOUS FOOD PRODUCTS
34,622
54,122
30,467
24,678 34,056 39,505
56, 287 56.850 56, 850
53, 439
Candy, sales by manufacturers
thous. of dol__ 58, 249 39, 254 r 38, 469
9,405
29,397
14, 048
19,433
14,409
13, 765
12,237 25,027 46,148
43, 367
37, 361
20, 390
Cocoa, imports!long tons__
Coffee:
1,312
1,635
814
1,577
1,829
1,573
1,448
1,145
1,416
1,178
1,341
1,524
1,109
Clearances from Brazil, total
thous. of bags..
1,163
484
1,189
1,510
837
902
970
946
748
1,081
721
To United States
do
818
729
1,480
1,401
1,824
1,786
1,237
2,298
1,947
1, 612
2,849
2,103
1,804
Imports!
do
1,716
.206
.221
.134
.134
.241
.221
.134
.263
.134
.272
.269
.277
Price, wholesale, Santos, No. 4 (N. Y.)..dol. per lb_.
.264
2,122
2,142
1,964
2,105
1,931
2,182
2,044
2,319
2,080
1.467
1,385
Visible supply, United States
do
1,335
1,584
Fish:
47,005
66,854 46,776 53,727
25, 245
68,023
53,786
35,025
24,151
24, 645 15,365
17,003
Landings, fresh fish, 4 ports
thous. of lb._
84,725
75,318
97,806 126,837 152,403 147,085 149,549 158,486 152,803 127,381
Stocks, cold storage, end of month
do
97,939
"777769
84,265
Sugar:
Cuban stocks, raw, end of months
2,902
' 2, 556
2,059
1,310
2,702
1,700
712
r 2,189
553
thous. of Span. tons..
342
2,109
373
1,019
' Revised. 1 No quotation. 2 Prices beginning December not strictly comparable with earlier data; comparable figure for November 1946, 0.545.
§Data continue series shown in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
cTCold storage stocks of dairy products (p. S-26) meats, poultry, and eggs include stocks owned by the U. S. Dept. of Agriculture and other Government agencies, stocks held
for Armed Forces stored in warehouse space not owned or operated by them and commercial stocks; stocks held in space owned or leased by the Armed Forces are not included.
®See note in May 1946 regarding changes in the indicated series made in that issue and an earlier change beginning June 1944.
• Data beginning in the May 1943 Survey are from the U. S. Department of Labor. Quotations beginning July 1943 have been for U. S. Standards; they are approximately comparable with earlier data for fresh firsts.
% For data for December 1941-July 1942 see note in November 1943 Survey.
*New series. Data for 1927-43 for dried eggs are shown on p. 20 of the March 1943 Survey.
jRevised series. The hog-corn ratio has been shown on a revised basis beginning in the March 1943 Survey; revisions for 1913-41 will be shown later. The series for feeder shipments of cattle and calves and sheep and lambs were revised beginning 1941 to include data for Illinois; revisions for 1941-42 are shown on p. S-27 of the August 1943 Survey. Data for
egg production have been revised for 1940-45; revisions will be published later.
SUKVEY OF CURRENT BUSINESS
May 194T
1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
S-29
1947
1946
March
April
May
June
July
August
September
October
Novem- December
ber
Januber
February
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS-Con.
Sugar—Continued
United States:
Deliveries and supply (raw value):*
476,181 554, 074 524, 662
Deliveries, total
short tons..
423,558 497,841 451,994
For domestic consumption
do
' 52, 623
56,233 72,668
For export
_do
Production, domestic, and receipts:
568, 794 465,834 433,190 501,777
Entries from off-shore areas
do
19, 305
18, 254
8,345
Production, domestic cane and beet
do
1,184,341 1,080,908 1,065,183
Stocks, raw and refined, end of month
do
58, 321 ' 57.131
Exports, refined sugarr
_._do
33,945
Imports: §
<-,
Raw sugar, total
_
do....
310, 519 143, 528 240,190
From Cuba
_.do
310, 519 143,528 230, 471
33,816
38,785
Refined sugar, totaL
do
38,061
33,656
38,735
From Cuba
do
38,061
Receipts from Hawaii and Puerto Rico:
Raw
_
do
112,933 197,733 179,667
Refined
__do
17,685
10,417
23,657
Price, refined, granulated, New York:
.096
.073
.074
.073
Retain
dol. perlb..
.059
.059
.059
Wholesale
do
Tea, imports§
thous. of lb_.
6,139
6,580
3,077
Leaf:
598, 604 590,347 608,883
526,605 557, 235 561,695
33,112 47,188
71,999
478, 311 460,172
9,613
13,173
955,031 824,641
61,897
47,191
533,875
521,428
12,447
396,831
392,018
4,813
482,194
475,921
6,273
456, 566 498,073 330,256
418, 790 482, 722 299,237
•
37, 776 15, 351 • 31,119
402, 299 297, 275 233,063 223,781 257, 017 243, 687 335, 229
49, 780 94,691 483,532 642, 633 437, 471 106,885 49, 365
671, 491 519, 727 832,071 1,209,820 1,441,531 1,317,262 1,384,262
33,844 22, 546
3,280
6,734 24,968 22,095 15, 221
189,418
179,666
15,001
15,001
267, 460 157,171 126,958
267,460 145,072 116,529
47, 349 49, 932 30,2»4
49,932 30,294
47,349
97,960 180,167 210, 784 219, 672 275, 488
92,812 180,167 210, 784 219, 669 275, 487
35,099
23, 647 16,160 15, 913 19, 416
35, 098 23,647
16,160 15, 559 19,416
160,827
30,150
179,922
4,750
76, 424
1
2,500
5,004
42,816
2,751
15, 694
3
40, 692
3,802
.074
.059
1,540
.074
.060
1,336
.075
.060
6,350
.076
.067
9,968
()
.074
3,846
.092
.076
16, 286
.095
.078
11,486
.095
.079
12, 891
.096
.080
60, 740
4,861
36,970
5,381
39,595
' 5,608
50,461
6,031
54,383
6,883
94,129
6,520
60, 861
4,817
3 2, 235
55, 059
30,930
54, 612
4,912
209, 662 128,747
1,709
4,774
TOBACCO
Exports, inch scrap and stems§
thous. of lb_.
Imports, incl. scrap and stems§
do
Production (crop estimate)
mil. of lb_.
Stocks, dealers and manufacturers, total,
end of quarter
do
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Manufactured products:
Consumption (withdrawals:)
Cigarettes:
Tax-free*
millions.
Tax-paid
do
Cigars, tax-paid
thousandsManufactured tobacco and snuff, tax-paid- thous.of l b .
Exports, cigarettes §
millions.
Price, wholesale (list price, composite):
Cigarettes, f. o. b., destination..
dol. per 1,000.
Production, manufactured tobacco, total..thous. of l b .
Fine-cut chewing
do...
Plug
do...
Scrap, chewing
do...
Smoking
do...
Snuff
do...
Twist...
do...
52, 230
5,129
60, 401
4,727
62, 293
5,633
3,342
i.509
2,998
3,281
366
196
2,168
3
327
165
2,389
3
303
159
2,683
3
26
95
26, 336
426, 785
18, 743
2,853
377
223
2,626
26
87
2,396
26,401
480,479
18, 519
1,449
3,388
25,452
484,318
20,023
1,997
6.006
19,067
6.056
19, 750
290
4,172
3,647
7,808
3,333
498
282
4,373
4,099
6,386
3,419
508
1,944
3,165 ' 2,959
3,019
2,665
2,561
3, 519
2, 713
2,445
2,487
29, 972 26, 360 25, 440 28, 953 26,865 32, 778 27, 696 22, 695 28,451 r 20, 338
497,297 452,180 439,396 500,572 457, 703 588,067 546, 949 465, 769 510, 204 446, 042
21,671
21, 223 21,084 20, 949 22,733
25,631
17, 389
22, 728 17, 636 20,124
2, 480
1,125
1,523
1,967
1,139
2,714
4,444
2,427
1,832
1,438
6.255
21, 472
334
4,481
2,738
10,051
3,339
529
6.255
21,092
302
4,280
3,635
9,395
3,022
458
6.255
21,078
326
4,657
3,968
8,909
2,721
497
6.255
22, 868
374
4,631
4,437
9,486
3,429
511
' 6. 255 6.424
21, 672 25, 674
348
311
4,821
4,361
4,627
3,860
9,618
11, 676
3,061
3,640
461
561
6.509
23, 236
315
4,096
3,794
11, 266
3,303
462
6,509
18, 360
296
3,500
3,425
7,410
3, 332
398
6. 509
20,107
311
4,380
3, 680
7,789
3, 447
499
6. 509
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock slaughter (see P. S-28).
Imports, total hides and skins §
thous. of lb..
Calf and kip skins
*
thous. of pieces...
Cattle hides
....do
Goatskins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb_.
Calfskins, packers', 8 to 151b
do
15,331
3
68
2,332
2,818
.228
.625
17, 340
0
50
1,571
4,684
15,876
1
80
1,168
3,609
13, 667
11
41
1,271
3,244
19, 563
35
83
2,496
5,091
15, 384
20
85
2,640
3,178
16, 721
48
150
1,864
3,701
19, 238
124
140
2,273
2,419
30, 921
59
306
4,454
2,540
32,196
126
206
3,239
2,157
18, 925
59
118
2, 683
1, 833
13, 503
31
122
2,113
1,369
.155
.218
.155
.218
.155
.218
.155
.218
.239
.268
.155
.218
.155
.218
.155
.218
.289
.435
.276
.414
.238
.396
.231
.475
LEATHER
Exports: §
Sole leather:
364
640
51
146
189
655
Bends, backs and sides
thous. of lb..
••2,319
71
626
721
3,113
307
17
20
Offal, including belting offal
do
25
5
90
225
153
1,322
593
488
186
573
834
1,107
2,512
2,011
1,899
4,112
2,282
Upper leather
...do
2,929
4,072
4,430
3,280
3,324
Production:
832
844
981
959
Calf and kip
thous. of skins..
831
755
1,011
1,086
801
898
907
1,070
r
r
1,895
2,160
2,143
2,046
2,331
Cattle hide
thous. of hides..
2,058
2,185
2, 426
2,089
2,500
2,479
2, 467
1,739
1,773
1,761
2,304
2,598
Goat and kid
thous. of skins. .
1,656
2,427
r 2, 506
1,537
2,190
2,027
2,831
3,702
3,944
3,951
4.088
Sheep and lamb
do
3,529
3,388
3,584
'4,658
4,256
3,986
' 3, 667
3, 363
i Data beginning January 1946 reflect a change in the sample and in the method of summarizing reports; January 1946 figure comparable with earlier data is $0,064.
8
r
No quotation. 3 December 1, estimate. Revised.
§Data continue series published in the 1942 Supplement but suspended during the war period (it should be noted that data for sugar are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
* New series. The new sugar series include raw and refined sugar in terms of raw (see also note in the April 1945 Survey). The new series for tax-free withdrawals of cigarettes is from the Treasury Department, Bureau of Internal Revenue, and includes withdrawals of small cigarettes for export and for consumption outside the United States; taxfree withdrawals were comparatively small prior to the war period. Monthly data beginning July 1943 are shown on p. S - 29 of the March 1947, Survey.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
1947
March
May 1947
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
LEATHER AND PRODUCTS—Continued
LEATHER—Continued
Prices, wholesale:
Sole, oak, bends (Boston)t
dol. per lb_.
Chrome, calf, B grade, black, composite
dol. per sq. ft._
Stocks of cattle hides and leather, end of month :t
Total
thous. of equiv. hides..
Leather, in process and finished
do
Hides, raw
do—
0)
.440
.440
.440
.462
.675
.470
.470
.470
.880
.770
1.017
.533
.533
.533
.536
.570
.558
.565
.565
.869
.902
9,721
6,054
3,737
9,539
6,098
3,441
1,217
>,000
!,204
8,503
5,971
2,532
8,419
5,541
2,878
7,633
5,681
1,962
7,565
5,714
1,851
7,446
6,004
1,442
8,482
5,435
3,047
8,935
5,718
3,217
1,095
47, 955
427
47, 528
676
49, 437
273
49,164
666
1,663
49, 460
227
49, 242
690
1,701
44, 957
315
44,642
627
776
37, 021
139
36,882
536
1,159
46, 236
172
46,064
486
342
41, 651
140
41,511
330
289
47, 469
171
47, 297
394
459
40, 752
1 na
iyo
40, 556
395
691
39, 068
464
41, 051
38,870
397
41,051
354
35, 483
1,807
3,248
4,904
8,954
16, 571
5,671
5,487
211
36, 669
1,872
3,363
5,066
9,383
16, 985
5,876
5,731
222
1,879
3,238
5,060
9,592
16, 920
5,646
5,879
32,815
1,752
2,960
4,379
8,703
15, 021
5,304
5,708
188
26, 504
1,502
2,456
3,346
7,662
11,538
4,693
4,980
169
32,117
1,720
2,838
4,119
8,692
14, 748
6,563
219
30, 022
1,607
2,575
3,727
7,901
14, 212
5,279
5,681
199
34,194
1,743
2,962
4,183
8,874
16, 432
5,173
7,234
302
30, Oil
1,588
2,555
3,831
8,153
13,884
4,304
5,606
240
31,884
1,761
2,632
4,034
8,947
14, 510
3.461
2,915
213
34,957
1,676
2,969
4,636
9,170
16, 506
r 3, 092
' 2,475
'173
2,432
794
185
23
586
1,638
176
225
1,237
2,331
774
169
23
581
1,557
182
214
1,160
2,418
798
185
24
590
1,620
167
212
1,241
2,274
765
166
28
571
1,509
156
192
1,161
2,024
652
141
18
493
1,372
116
159
1,097
2,255
806
175
25
606
1,449
125
186
1,138
2,103
737
153
18
566
1,366
119
175
1,072
2,549
882
167
20
695
1,667
143
197
1,327
2,282
757
145
15
597
1,525
112
164
1,249
2,103
628
102
9
516
1,476
98
178
1,200
0)
.958
'
r
r
9,017
5,863
3,154
LEATHER MANUFACTURES
Boots, shoes, and slippers:
Exports§
thous. of pairs.
Production, totals
do
Government shoes
•_.do--_
Civilian shoes, total
do.-.
Athletic
do.-Dress and work shoes, incl. sandals and playshoes:
Leather uppers, total.-.
-thous. of pairs.
Boys' and youths'
.-do...
Infants'
do
Misses' and children's
do...
Men's
do.-Women's
do
Part leather and nonleather uppers
do...
Slippers and moccasins for housewear
do
All other footwear
do...
Gloves and mittens, production, total*
thous. doz. pairs.
Dress and semi-dress, total...
do...
Leather
do—
Leather and fabric combination
do.-.
Fabric
do...
Work, total
do._.
Leather
do...
Leather and fabric combination
do
Fabric
do...
r
2, 251
-•576
'97
9
470
' 1,675
'95
••195
r
1,385
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total saw mill products!-.
_.M bd. ft.
Sawed timber§
do.-.
Boards, planks, scantlings, etc.§
do.
Imports, total sawmill products!
do...
National Lumber Manufacturers Association:!
Production, total
mil. bd. ft.
Hardwoods
do
Softwoods
do...
Shipments, total
do
Hardwoods
do...
Softwoods
do
Stocks, gross, end of month, total
do...
Hardwoods
do
Softwoods
do.--
71, 094
21, C06
48, 091
95,354
63,060
21, 278
39, 878
97,136
53, 583
21,396
30,866
90, 263
56,871
10,290
44,968
76,930
2. 538
'681
1, 857
2,517
674
1,843
3,420
873
2,547
2,668
699
1,969
2,621
691
1,930
3,481
875
2,606
2,689
659
2,030
2,541
622
1,919
3,614
904
2,710
2,656
731
1,925
2,505
632
1,873
3,735
974
2,761
2,917
793
2,124
2,653
660
1,993
3,940
1,071
2,869
2,709
821
1,888
2,471
642
1,829
4,148
1,212
2,936
2,921
854
2,067
2,645
731
1,914
4,405
1,318
3,088
2,517
738
1,779
2,353
619
1,735
4,534
1,407
3,127
2,301
623
3,029
2,279
640
1,639
2,307
582
1,725
3,397
886
2,511
1,678
2,279
577
1,702
4,542
1,431
3,110
2,238
583
1,655
2,438
590
1,848
4,323
1,421
2,902
M bd. ft_
do.-_
_do...
do--do
5,825
8,375
4,050
4,400
1,625
3,025
6,875
3,100
2,725
4,650
4,325
6,550
3,100
4,350
3,200
3,700
6,175
2,950
3,875
2,475
2,750
6,250
2,550
2,700
2,425
2,3C0
5,750
2,375
2,375
2,375
3,560
6,150
3,100
3,125
2,475
2,550
5,425
2,925
3,375
2,425
3,750
5,700
3,400
3,425
2,200
3,250
5,250
3,475
3,625
1,975
4,350
6,100
3,950
3,700
1,950
3,850
5, 550
3,900
4,375
1,650
do.-.
do...
do
do-_.
do
42,075
39, 970
42,944
42, 260
6,032
15,971
35, 529
18,958
18,136
9,661
16,817
34, 280
18, 757
20,996
7,425
19,434
33, 371
20,119
20.982
7,270
15, 426
31,158
17, 239
17, 639
5,162
20, 247
31, 657
20, 838
19, 747
6,081
18,931
30, 055
22,860
24, 734
4,209
22, 851
(3)
27,527
27,331
29, 212
42,190
35,922
34, 882
4,738
29,245
41,800
34,079
33,065
5,752
29,194
41,249
33, 955
31.248
7,431
41, 521
41, 523
40, 253
41, 247
5,730
42,207
13, 225
28,982
39, 682
16, 733
22,949
29,889
15, 231
14, 476
30,020
5,845
22,682
22,271
9,256
13,015
18,710
5,702
13,008
20,478
9,806
10,672
6,233
2,632
3,601
2,138
654
1,484
37,421
20,629
16, 792
44,931
15, 305
29, 626
37.362
51.450
38. 220
53.900
38.220
53.900
41. 528
58.310
42.630
59.780
42.630
59.780
42.630
59.780
42.630
59.780
43.855
59.780
47.824
63.308
51.940
72. 520
13, 816
5,743
8,073
11.973
3,506
8,467
11,178
4,534
6,644
10,861
2,035
8,826
9,565
2,703
6,862
16, 384
5,260
11,124
11,716
4,080
7,636
5,317
1,034
4,283
21,360
4,955
16, 405
15,885
4,880
11, 005
11,842
2,007
9,835
2,578
623
1,956
2,389
507
1,882
4,456
1,427
43, 784 54,366 44, 237 23,802 38,251
13,876
12,852 14, 777
4,329
7,183
27,825 34, 783
17, 485 30,103
109,970 123,411 111,685 131,669 117,696
81, 976 79,720
28,614 20, 537
54,377
45,149
123,816 109,414
FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders, new
Orders, unfilled, end of month
Production...
Shipments
Stocks, end of month
SOFTWOODS
Douglas fir:
Exports, total sawmill products!
M bd. ft.
Sawed timber§
do
Boards, planks, scantlings, etc.§
do
Prices, wholesale:
Dimension, No. 1, common, 2 x 4—16
dol. per M bd. ft.
Flooring, B and better, F. G., 1 x 4, R. L____do—
Southern pine:
Exports, total sawmill products!
M bd. ft.
Sawed timber!
do.-.
Boards, planks, scantlings, e t c !
do...
60. 270
91.630
r Revised.
1
No quotation.
3
2 Data not collected separately; included with data for civilian shoes.
Data not available.
!Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
JData reported since January 1945 cover stocks in tanners' hands only; all data were therefore revised beginning in the November 1946 Survey to cover only tanners' stocks; the
figures for total stocks for March and M a y 1946 include small revisions that are not available for the breakdown between leather and raw hides.
^See note for boots and shoes at the bottom of p. S-23 of the July 1945 Survey regarding changes in several classifications and note marked " J" on p. S-28 of that issue regarding
other revisions; revisions for J a n u a r y - M a y 1943 and 1945 and January-April 1944, which have not been published, will be shown later.
*New series. T h e series for gloves and mittens were fiist included in the M a y 1946 Survey; see note in that issue.
fRevised series. The price for sole oak leather has been shown on a revised basis beginning in the October 1942 Survey; revisions beginning July 1933 are available on request.
There have been unpublished revisions in the January 1944-February 1945 data for the lumber series and also earlier revisions which have been published only in part (see note in the
April 1946 Survey); all levisions through February 1945 will be shown later.
SURVEY OF CURRENT BUSINESS
May 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
S-31
1947
1946
March
April
May-
June
July
August
September
October
Novem- December
ber
January
I ebruary
LUMBER AND MANUFACTURES—Continued
SOFTWOODS-Continued
Southern pine—Continued.
Orders, newf
mil. bd. ft
618
Orders, unfilled, end of monthf
do
553
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12'f
dol. per M bd. ft._ 71.460
Flooring, B and better, F. G., 1" x 4" x 12-14'f
dol. per M bd. ft._ 120.104
Productionf
mil. bd. ft_.
681
Shipmentsf
__
do
616
1,345
Stocks, end of monthf
__do
Western pine:
Orders, newf
. do
530
Orders, unfilled, end of monthf
do
353
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x 8"
dol. per M bd. ft
50.99
Productiont
mil. bd. ft
420
Shipments!
do _
455
Stocks, end of monthf
do
841
West coast woods:
Orders, newf
do
723
Orders, unfilled, end of month
do
685
Productiont
_
do
o98
569
Shipments!
do
Stocks, end of month
do
410
588
665
686
551
67.163
69.484
72. 423
96. 546
610
565
1,213
103. 750
578
597
1,194
686
600
1,280
476
275
425
269
461
302
385
278
40.38
611
560
1,092
40.36
480
489
1,083
43.30
385
430
1,038
45. 60
329
428
939
48.51
346
409
876
445
538
469
448
420
562
576
552
512
462
449
544
461
446
475
459
514
437
469
448
••582
523
'507
••576
377
618
577
529
547
379
126,974
124,891
33,842
129, 270
128,086
35,560
149,600
149,583
34,959
129,635
128,691
34,984
121, 816
129,727
26,882
140, 058
136, 064
30, 712
129. 622
127, 658
31,995
59
68
68
72
73
70
74
73
1
63
137
62
33
3
47
141
71
39
2
35
137
70
40
3
53
141
72
42
6
27
130
75
38
17
28
120
77
36
78
75
513,595
10,893
119,664
763
362,776
9,244
123,513
1,896
293,447
7,187
108,570
207
638
738
628
731
648
746
544
701
602
679
576
633
593
651
601
642
547
633
506
574
46. 029
46. 029
46. 029
46. 029
46. 083
46. 083
46.083
46.083
53 182
65. 091
603
598
1,071
65. 091
646
635
1,082
65.091
611
633
1,060
65.091
610
589
1,081
65. 091
625
624
1,082
65. 091
625
622
1,085
65.091
567
575
1,077
65. 091
668
610
1,135
74. 723
589
556
1,168
480
417
445
293
515
280
543
298
568
276
617
258
589
283
565
288
35.77
296
373
684
39.15
457
461
710
40.65
584
529
765
40.07
652
581
835
40.93
656
590
901
40.19
720
634
987
40.35
618
564
1,041
527
636
532
556
375
543
632
532
532
362
518
601
527
526
368
476
559
517
511
378
425
545
403
415
378
552
554
541
503
403
139, 779
140, 457
32,146
109,005
105,999
30,988
120,152
120,176
29,753
128,489
129,926
28,016
121,412
125,068
24, 391
99, 747
92, 288
34,189
78
64
63
63
62
1
38
115
70
37
9
52
128
71
38
1
53
146
70
41
2
40
147
69
37
0)
SOFTWOOD PLYWOOD
Production*.
_ thous. of sq. ft., %" equivalent
Shipments*
_
do
Stocks, end of month*
do
FURNITURE
All districts, plant operations
percent of normal..
Grand Rapids district:
Orders:
Canceled
percent of new orders
New
no. of days' production
Unfilled, end of month
do
Plant operations
percent of normal
Shipments
no. of days' production.
82
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade: §
Iron and steel products:
Exports (domestic), total
Scrap
Imports, total..
Scrap.
short tons.
do...
do...
do__.
349,317
10,662
212,138
9,584
476,221
16,752
157, 753
3,032
488,300
18,160
111,694
4,389
Consumption, total*
thous. of short tons.
Home scrap*
__.do___
Purchased scrap*
do
Stocks, consumers', end of month, total*,..
.do...
Home scrap*
.do...
Purchased scrap*
do...
4,415
2,415
2,000
4,514
1,346
3,168
4,504
2,331
2,173
4,405
1,296
3,109
3,662
1,746
1,916
4,380
1,281
3,099
4,214
2,074
2,140
4,110
1,269
2,841
4,476
2,382
2,094
3,660
1,267
2,393
4,670
2,594
2,076
3,324
1,142
2,182
4,449
2,467
1,982
3,258
1,192
2,066
4,907
2,705
2,202
3,163
1,184
1,979
4,579
2,535
2,044
2,992
1,121
1,870
4,239
2,193
2,046
3,034
1,158
1,876
4,900
2,717
2,183
2,886
1,063
1,823
4,503
2,406
2,097
3,032
1,061
1,971
1,096
1,090
6,492
2,192
2,141
4,578
4,690
6,432
8,850
9,914
5,367
11,612
12,215
4,764
11,090
11,083
4,770
10,742
10,546
4,966
9,917
9,965
4,860
6,605
6,830
4,607
2,274
1,193
5,688
2,698
1,251
7,135
2,591
1,322
8,404
6,021
0
27, 601
24,100
3,501
81
63
4,769
730
23,079
20,060
3,019
112
56
2,990
3,616
23,905
21,075
2,830
237
45
4,995
8,654
26,265
23,247
3,018
173
33
6,460
10,848
30,439
27,131
3,307
340
72
6,738
9,774
34,067
30,450
3,617
371
62
9,636
37, 573
33,464
4,109
402
70
6,625
9,209
40,435
35,762
4,674
6,131
6,701
41,918
37,063
4,857
329
77
5,516
247
37,465
33,056
4,409
237
55
7,024
0
30, 514
26, 744
3, 770
223
76
6,264
0
24,317
20, 938
3,37y
198
45
394,382 395,923
18,568
11,620
64, 737 131,022
3,409
103
480,752 509,444 540,817 475, 343
4,694
8,381
16,193 15, 671
143,398 102,686 137, 557 129, 995
1,611
1,018
1,690
1,159
Iron and Steel Scrap
Ore
Iron ore:
All districts:*
Production
thous. of long tons.
Shipments
do...
Stocks, end of month.
do...
Lake Superior district:
Consumption by furnaces
do...
Shipments from upper lake ports
do
Stocks, end of month, total
do...
At furnaces
do
On Lake Erie docks
do
Imports §
do.._
Manganese ore, imports (manganese content) §__.do
6,979
0
17,411
14, 755
2,656
Pig Iron and Iron Manufactures
Castings, gray iron:*
Shipments, total
For sale
Unfilled orders for sale
Castings, malleable ironrcf
Orders, new, for sale
Orders, unfilled for sale
Shipments, total
For sale
r
short tons__ 1,079,140 796,068 856,678
do.
630, 02S 505,431 529, 323
..do.
2,963,319 2?265,336 2,378,348
_
do.
do.
do.
do.
50,194
280, 724
76. 0J4
43, 488
48, 561
263, 227
50, 235
33,978
40, 784
267, 713
65,010
36, 298
757,041 735,060 810,829 944,516 913,824 1,051,068 964,300 889,479 1,056.050 993, 605
454,194 435,866 475,059 558,957 534,310 610,389 552,696 505, 728 624, 511 575, 048
2,948,813
5,491,811 1,633,118 ,',668,782 5,785,609 2,881,906 5,916,268 5,888,219 2,952,203
39,187 39,388
271,925 275,845
62, 598 61,650
35,468
34,975
34,157
271,981
64,446
38,021
44, 369 50,140
41,935
272, 571 277,309 280,972
79,207
69,507
67,903
46,477
39,631
41,345
36,802 28,542
278,446 267,661
68,987 68,314
39,328 39,327
34, 517 55,938
259, 764 274,018
75, 898 74, 716
42,414 41,684
Revised.
i No quotation.
§ Data continue series shown in the 1942 Supplement but suspended during the war period (it should be noted that data for iron and steel are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
cf Since May 1944 the coverage of the malleable iron castings industry has been virtually complete; see note in the February 1947 Survey for further information.
* New series. For data beginning September 1941 for softwood plywood see p. 16 of the September 1944 Survey. For description of the series on scrap iron and steel and 1939-40
data, see note marked "*" on p. S-29 of the November 1942 Survey. The series for iron ore, all districts, are from the Department of the Interior, Bureau of Mines, and cover the
entire industry, monthly data beginning 1943 and earlier annual totals will be shown later. Data for 1943-45 for gray iron castings are shown on p. 24 of the January 1947 Survey.
t Revised series. See notes marked " t " on p. S-31 of the February 1947 Survey and p. S-29 of the April 1946 issue regarding unpublished revisions in data prior |to March 1945
for the indicated series on lumber production, shipments, orders, and stocks. The Southern pine price series are shown on a revised basis beginning in the February 1946 Survey;
see note in that issue. The Southern pine series for new orders, production, and shipments have been further revised beginning January 1945 to conform with Bureau of the Census
data for that year; all revisions will be published later
SURVEY OF CURRENT BUSINESS
S-32
[Jnless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
March
May 1947
1946
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
February
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Pig Iron and Iron Manufactures—Continued
Pig Iron:
Consumption*
thous. of short tons..
Priees, wholesale:
Basic (furnace)
dol. per long ton..
Composite
do
Foundry, No. 2, f. o. b. Neville Island*
-do
Production*
thous. of short tons..
Stocks (consumers' and suppliers'), end of month*
thous. of short tons..
Steel castings :f
Shipments total
short tons..
Forsale, total
do
Railway specialties
do
Steel forgings:*
Orders, unfilled, for sale, total.
do
Drop and upset
do
Press and open hammer
do
Shipments, total
...do
Drop and upset, total
do
For sale
do
Press and open hammer, total.do
For sale
_.do
Steel consumed in production of forgings
do
Steel ingots and steel for castings:
Production
thous. of short tons...
Percent of capacity §
_.
Prices, wholesale:
Composite, finished steel
dol. per lb..
Steel billets, rerolling (Pittsburgh),dol. per long ton_Structural steel (Pittsburgh)
dol. perlb-.
Steel scrap (Chicago)
dol. per long ton..
4,374
3,739
2,395
3,623
4,560
4,696
4,571
4,812
4,424
3,888
5,037
25.63
26.32
26.20
4,424
26.00
26.67
26.50
3,614
26.00
26.82
26.50
2,444
28.00
28.67
28.50
3,682
28.00
28.73
28.50
4,705
28.00
28.73
28.50
4,898
28.00
28.73
28.50
4,687
28.00
28.73
28.50
4,815
28.00
28.73
28.50
4,435
29.60
30.12
30.50
3,992
30. 00
30. 86
30.50
5,087
1,239
33.00
33.55
33.50
5,123
1,046
862
821
810
771
830
881
687
668
674
134, 909 104,483 146,608 r 130,844 r121,522 r117,528 129,666 126,471 137,304 130,606 r123,907 138, 514
99, 701 r 80, 851 • 107.313 94, 761 89, 533 r 82, 975 ' 94, 063 r 90, 567 r 98, 265 r 93, 878 88,136 101, 443
27,125 r 20, 875 r 33, 526 r 28,169 * 25, 529 22, 405 ' 24, 712 ' 25, 910 T 25, 619 r 27, 425 ' 22,108 28, 914
717, 428
586, 992
130, 436
205, 085
156, 724
83, 743
48,361
31, 713
296, 377
611, 565
504, 561
107, 004
122, 609
83, 805
55, 738
38,804
25, 627
164,177
604,003
506, 358
97, 645
155, 237
109, 981
67, 056
45, 256
31,175
208, 307
598, 505
495,126
103, 379
138, 599
101, 064
54, 550
37, 535
27, 567
196, 527
610, 204
498, 064
112,140
146, 612
106,105
56, 281
40, 507
29, 686
203, 773
623, 723
508, 431
115, 292
153,839
117, 234
56, 651
36, 605
23, 722
214, 336
523, 696
115, 702
170, 692
129, 496
70, 541
41,196
31, 224
242, 930
647, 579
532, 035
115, 544
162, 022
125, 478
69,192
36, 544
26, 943
232, 699
706, 761
587,663
119, 098
189, 280
146,105
79, 262
43,175
31, 643
271, 061
700, 398
582, 560
117, 838
170, 727
127,104
70, 356
43,623
31,215
237,687
676, 505
566, 069
110,436
172,151
131,139
71, 952
41,012
30,265
244, 285
675, 509
566, 271
109, 238
193.580
147, 537
75, 657
43. 043
30, 183
235, 087
7, 285
94
6,507
83
4,072
52
6,923
6,554
87
6,950
89
6,457
85
.0301
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
23.13
5,760
74
.0312
39.00
.0235
27.25
7,213
93
.0301
39.00
.0235
18.75
5,625
74
.0303
39.00
.0235
18.75
6,617
85
. 0329
42.00
.0250
36.69
5,860
78
.0301
39.00
.0235
18.75
14, 976
2,291
2,292
25
6,733
1,428
1,424
24
7,886
2,000
1,988
38
8,632
1,861
1,875
24
9,763
1,786
1,782
28
9,960
2,031
2,019
40
10, 318
2,393
2,405
28
12, 202
2,039
2,036
30
13,071
2, 354
2,351
33
13, 612
2,198
2,213
19
15, 014
2,091
2,093
17
15, 501
2 327
2,317
27
1,420
1,348
1,948
1,531
1,993
2,049
1,725
1,920
1,797
1,895
2,000
1,480
1,424
1,588
1,646
1,682
1,973
1,890
1,453
1,441
1,453
1,462
1, 421
1, 393
. 0329
42. 00
. 0250
29. 75
Steel, Manufactured Products
Barrels and drums, steel, heavy types:®
Orders, unfilled, end of month.
._.thousands..
Production
do
Shipments
_
do
Stocks, end of month
do
Boilers, steel, new orders:%
Area
.._thous. of sq. ft_.
Quantity
number..
Cans, metal (in terms of steel consumed):*
Shipments (for sale and own use), total-..short tons__
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures, production*
millions.Crowns, production*
thousand gross._
Porcelain enameled products, shipments!
thous. of dol._
Spring washers, shipments
do
Steel products, net shipments:©
Total
thous. of short tons,.
Merchant bars
do
Pipe and tubes
do
Plates
do
Rails
do
Sheets
do
Strip—Cold rolled.
do
Hot rolled
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products
do
1,176
26,265
7, 651
146,097 190,732 248,662 240,089 306, 798 343,338 318. 304 258, 763 192,134 198,406 174, 890
116,111 155, 456 213,016 204, 977 267,434 302, 756 282^ 075 215, 247 151, 882 157, 030 1C9, 914
29, 986 35, 276 35, 640 35,112 39, 364 40, 582 36, 229 43,516
40,252 41, 376 44, 976
114, 833 155, 894 211,257 205,462 276, 459 300, 870 277, 829 222, 307 161,951 167,637 138, 203
1,323
1, 362
1,411
1, 367
1,391
1,340
1,574
1, 279
1,196
1, 401
1,425
23, 337 23, 912 21,857 20, 422 22, 900 25, 439 25,159
28, 901 25,196 24, 307 27. 603
4,789
355
6,162
407
5,799
384
5,779
399
5,679
455
7,221
506
6,692
543
8,147
580
7,828
5,969
7, 865
4,214
454
418
371
177
924
106
117
327
249
327
4, 336
439
457
361
166
973
118
100
340
265
351
3,667
348
385
263
109
966
121
100
201
241
323
372
334
284
133
877
108
88
274
247
318
4,259
455
427
399
180
960
92
105
313
262
297
4,965
501
501
421
217
1,116
124
137
351
295
387
4, 590
452
446
397
199
1,076
115
137
347
244
305
5,261
549
498
467
226
1,233
133
158
387
253
410
5,020
507
482
466
210
1,220
132
144
356
248
391
4,533
460
418
386
174
1,081
123
135
310
265
392
5, 063
525
467
468
227
1, 202
126
146
362
248
420
NONFERROUS METALS AND PRODUCTS
Aluminum:
52, 329 55, 598 75,844 65, 356 77,110
Imports, bauxite!
long tons.
95, 038 29, 811 93, 752 113, 445 108, 795
.0475
.0775
.0385
.0475
.0525
.0575
Price, wholesale, scrap castings (N. Y.)--dol. per lb_.
.0523
.0575
.0682
. 0775
.0550
Aluminum fabricated products, shipments, total*
154.2 r 173.1
110.7
99.4
109.3
146.2
118.6
133.8
148.6
178.7
160.5
mil. of lb
29.2
34.8
26.7
33.8
32.0
28.5
28.8
39.9
35.6
Castings*
do__
27.7
39.4
81.5
119.4
113.2
72.8
114.8
114.2
90.1
105.0
138.8
124.9
Wrought products, total*
do
81.6
133. 7
59.9
92.7
88.0
53.7
80.3
88.8
91.9
65.6
110.1
99.5
Plate, sheet, and strip*
do.-.
60.5
103. 9
.221
.275
. 289
.195
.237
.237
.237
.237
.237
.259
Brass sheets, wholesale price, mill
dol. per lb.
.208
.275
Copper:
7,341
6,267
4,225
9,173
2,131
7,336
7,489
5,386
10, 564 14,168
Exports, refined and manufactures!
short tons.
14, 921
8,194
25, 667 31,193
20, 510 35,755
21, 272 25,182 32, 503 33,182 45, 431 25, 13S
Imports, total^
do...
762
3,481
1,607
2,656
1,225
5,058
5,486
2,950
6,809
9,298
12, 340
For smelting, refining, and export!
do...
4,712
24, 060 30, 431 15, 452 30, 269 18, 322 22, 526 31, 278 26, 373 36,133
12, 798
For domestic consumption, total!
do...
814
1,276
23, 929 12, 933 23, 625
12,319
3,701
819
18, 272 19,315
8, 592
Unrefined, including scrap!
do__,
3,898
29,155
3,211
20,358
14, 633 17, 950
50
7,349
4, 206
Refined!
do. _
13, 440 12, 508
.1178
.1178
.1415
.1178
.1415
.1415
.1415
.1928
.1927
Price, wholesale, electrolytic (N. Y.)
dol. per lb__
.1406
.1704
.2091
r
Revised. <g>Beginning 1943, data have covered the entire industry.
% Based on information recently available it is believed that data beginning 1945 represent substantially the entire industry; in prewar years the coverage was about 90 percent.
O Total shipments less shipments to members of the industry for further conversion; data prior to 1944 were production for sale.
!Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
§For 1947, percent of capacity is calculated on annual capacity as of January 1,1947, of 91,241,000 tons of steel; 1946 data are based on capacity as of January 1,1946,91,891,000 tons.
*New series. For pig iron consumption and stocks for 1939-40 and a description of the series see note marked "*" on p. S-29 of the November 1942 Survey. The series on pig iron
production is approximately comparable with data in the 1942 Supplement (data in that volume are in short tons instead of long tons as indicated); see p. S-30 of the May 1943 Survey
for further information and data for 1941-42. The pig iron price series replaces the Pittsburgh price shown in the Survey prior to the April 1943 issue. See note marked "*" on p.
S-33 of the February 1947 Survey for a brief description of the data on aluminum fabricated products and reference to 1945 figures for the total; separate data prior to 1946 for the detail
will be published later. The series for closures, including plastic closures, crowns, and metal cans are compiled by the Bureau of the Census and cover all producers; data prior to
1946 will be shown later. For a brief description of the series for steel forgings, which are also compiled by the Bureau of the Census, and available data for 1945, see note on p. S-32
of the March 1947 Survey.
fRevised series. Data for steel castings are estimated industry totals ;see note on p. S-32 of the July 1946 Survey for comparable figures beginning January 1945.
SURVEY OF CURRENT BUSINESS
April 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
1946
1947
March
S-33
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS—Con.
Copper—Continued.
Production :cf
Mine or smelter (incl. custom intake)..short tons.. 84, 270 41,832 29,280 31,897 32, 785 56,906 64, 462 69, 748 72, 807 73,024 78, 674
23, 870 43,606 59,591 67,803 77,947
88,131
20,139
Refinery
do
18,989
20,551
75,066 77, 578
123,590
58, 5-90 75,756
93,647 95, 267 97,527 118,381 113,158 136,481 129,206 141,218
Deliveries, refined, domesticc?
do
79,145 101,183 94,669
80,832
75,754
98,619 91,161
69, 727 70, 249 65,448
Stocks, refined, end of monthcf
do
Lead:
5,217
7,506
6,526
4,981
8,345 24, 427
Imports, total, except mfrs. (lead content)^
do
5,046 12,909
9,477 19, 295
Ore (lead content):
30,382 28,190
25,554
23,660
25, 044 28,610 27, 229 25, 875 27,872 28,065
Mine production*
do
21,801
27,081
24, 655 22,049
Receipts by smelters, domestic ore:c?
-do
32,977 31,373
26,180 31,307
28, 054 27,324
Refined:
Price, wholesale, pig, desilverized (N. Y.)
.1219
.0818
.0825
.0825
.0825
.1044
.1496
.0650
.0650
.0650
.0925
dol. per lb._
40, 448
23, 766 19, 530 18, 584 34,029 35, 690 40, 720 43, 062 40,041
Production, totalc?...short tons.- 51, 239 25,336
38,943
17, 450 32,622 33,994 39, 012 41,217
46, 699 24,179
22,726
18,393
From domestic orecf
.do
38,287
34, 047 41, 008 34, 764 40, 613
52,465
28, 702 23,941
21, 720 25,173
35, 591 32,811
Shipmentscf
do
32,969
41, 990 41,939
41, 758 39,563
31,396 34, 275 40,944 42,992 48, 262 48,088
Stocks, end of monthcf
.do
Tin:
Imports:!
415
3,242
5,074
4,483
783
4,904
1,067
5,665
3,593
153
Ore (tin content)
long tons..
1,991
2,073
1,977
2,462
1,195
470
2,172
2,542
Bars, blocks, pigs, etc
do
0
581
.7000
.5200
.5200
.5200
.6452
Price, wholesale, Straits (N. Y.)
dol. per lb_.
.7000
.5200
.5200
.5200
.5200
.5200
Zinc:
44,766
33,878 32,419
15, 729 31, 057 21, 241 25, 424 14,425
Imports, total (zinc content)!
short tons.27,331 32,041
3,624
3,102
878
For smelting, refining, and export!
-do
2,993
5,441
779
5,287
3,476
3,637
742
For domestic consumption:!
7,616
29, 031 18, 291 21,943
Ore (zinc content)
.do
15, 278 18, 608
19,982 14,007 17, 242
9,697
7,235
4,784
9,809
Blocks, pigs, etc
do
12, 742 12,485
6, 612
3,758
4,545
5,788
49,891
Mine production of recoverable zinc*
do
50,763
51, 517
47, 548 48, 215 42, 524 33, 218 45,893 48,433
Slab zinc:
Price, wholesale, prime Western (St. Louis)
dol. per lb._
.0825
. 0825
.0825
.0825
.1050
.1050
.0923
.0825
.0825
.1012
71, 612 60,903 62, 416 58, 812 59,014 59,752 58,475 64,138 66,873
70,176
Productioncf-_short tons.. 75,376
69,489
60,492 69, 220 51, 886 65,927
75, 788 83, 693 73,191
73,915 91,429 90, 204
Shipmentsd" 1
-do
66,159
60, 809 60,380
51,101
68,983
58,321
43, 522 60,130 71, 667 75, 781 77,904
Domesticc?
do
162, 049 260,994 248, 706 241, 633 239,953 229, 747 237,613 230,161 220,384 195,828 175,800
Stocks, end of monthcf
do
78, 256 ' 74,461
80,144 77, 591
143, 692 117,734
76, 680 74, 645
21,105
12,405
31,476
30, 907
29, 546
32,157
.1293
• 45, 629
42, 506
• 44,888
• 48,826
.1318
• 44,053
41,210
• 49, 638
• 43, 233
3,011
1,285
.7000
1,774
419
.7000
• 48,627
5,441
• 29, 897
13,289
54,925
57, 396
22, 482
29, 275
5, 639
50,906
.1050
.1050
72, 332 65,198
74, 795 76,074
67, 211 65, 356
173, 337 162. 461
HEATING APPARATUS, EXCEPT ELECTRIC
Boilers, radiators and con vectors, cast iron:§
Boilers (round and square):
Production
thous. of lb.
Shipments
do_._
Stocks, end of month
___do.-_
Radiation:
Production
thous. of sq. ft.
Shipments
do...
Stocks
do...
Boilers, range, shipments*
number.
Oil burners:©
Orders, new, net
do—
Orders, unfilled, end of month
do.-_
Shipments
do...
Stocks, end of month
do
Stoves and ranges, domestic cooking, exc. electric:*
Production, total
do...
Coal and wood
do...
Gas (incl. bungalow End combination)
do...
Kerosene, gasoline, and fuel oil
do
Stoves, domestic heating, production, total*
do.._
Coal and wood*
do
Gas*
doKerosene, gasoline, and fuel oil*
do...
Warm air furnaces (forced air and gravity air flow),
shipments, total*
number.
Gas*
do—
Oil*
doSolid fuel*
do.
Water heaters, nonelectric, shipments*
do_
MACHINERY AND APPARATUS
29,453
26,073
41,461
12,341
11,324
38,195
15, 612
13, 492
40,316
22, 279
20, 264
41,973
20, 986
21,348
41, 611
21,188
20, 222
42, 577
25, 713
27,021
39, 769
30,066
32, 243
37, 591
28, 451
30,954
35,088
19, 856
23, 694
32,173
27, 982
24, 294
35,861
26, 003
23, 782
38,082
4,863
4,441
2,675
2,313
1,895
3,028
42,964
2,571
2,239
3,361
87,128
3,179
2,196
4,344
89,971
3,386
3,355
4,375
85, 704
3,878
3,494
3,196
4,469
3,764
3,559
3,421
3,151
4,012
90, 636 113, 524 104,169
4,523
4,858
2,816
103, 837
4,321
4,369
2,768
94, 274
3,250
4,286
1,732
84, 457
4,619
4,065
2,286
78,400
4,168
4,200
2,254
25,380
26,881
41,076
83,170 136,564 169, 402 106, 579 102, 438 101,818 81, 888 99,009
502,100 602,034 736,347 806,181 862,912 907,304 931, 853 956,966
36, 745 45, 707 57, 426 57,339
73,896
31, 765 36, 630 35,089
5,852
6,134
5,796
5,543
5,198
6,407
6,626
4,648
105, 689 86,196 87, 872
990,350 1,002,380 1,008,813
72,305 74,166
81,439
7,039
7,588
10,487
210,162
37,077
139,012
34,073
287, 557
115,343
82, 603
89, 611
254, 261
33,175
172,054
49, 032
466,854
163,115
151, 271
152, 468
248, 402
39,080
158, 079
51, 243
301, 719
126, 727
88,101
86, 891
225, 876 219,970
31, 801 31, 415
152,850 144. 205
41, 225 44, 350
264, 249 282, 358
103,158
77, 542 93,091
83, 549 82, 659
47,100
49, 337
43,186 47,321
15,834
13, 590 15, 776 15,914
3,398
4,105
4,766
4,140
26,198
27,161
26, 779 29, 283
138, 636 176, 233 190,967 181, 424
202, 517
28,459
133, 679
40, 379
304,007
115,421
86,334
102, 252
263,215
34, 520
181.190
47, 505
376, 557
135.191
104,037
137,329
249, 542
34,142
169, 929
45, 471
377, 803
146, 901
116,405
114, 497
48,912 62,094 72,033
16, 206 20, 216 23,163
8,842
6,246
5,146
27, 560 35, 632 40,028
187, 569 213, 789 209,415
296,874
42, 232
204,190
50, 452
528,984
206,873
155,945
166,166
83,122 86, 584
27, 545 29, 089
9,157
9,875
46, 420 47, 620
264, 989 260, 443
226,291
r 31, 701
153, 972
40, 618
457,360
151,979
162,518
142,863
75, 415
26,157
11, 768
37, 490
250, 720
302,809
39, 317
206,130 188,471
57, 362
467, 577
131, 053
160,936
175, 588
r
r
r
75,995 66, 308
28,954 23,944
14,438
17,552
r 32, 603 24.812
292, 731 270, 843
Blowers, fans and unit heaters:
Blowers and fans, new orders
thous. of doL13, 413
15, 292
16, 604
17,
Unit heater group, new orders
do
10,113
10,193
8,417
Electric overhead cranesj:
Orders, new
do
1,422
1,049
1,792
1,565
1,082
1,456
2,346
2,360
Orders, unfilled, end of month
do
13, 396 13,546
14, 677 15,132 16, 242 16, 549 15,811
16, 775
Shipments
do
1,252
1,029
994
8u2
781
1,192
850
1,348
Foundry equipment:
New orders, net, total
__ 1937-39= 100..
701.2
577.3
491.7
453.4
538.7
424.4
469.2
477.4
430.9
573.8
536.6
521.9
513.4
New equipment
do
779.8
621.7
492.8
444.8
555. 5
415.4
407.1
421.0
576.7
379.0
532.3
466. 9
472.5
Repairs
do
427.7
426.2
488.2
481.1
484.1
453.5
672.0
661.5
351.8
600.3
665.0
709.5
682.9
Machine tools, shipments*
thous. of dol_. 29,012 27,326 28,108 26, 580 28, 580 22, 360 26,911
25, 468 29,140 26,176 27, 587 26, 542 • 26, 765
r
Revised. Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
c?For data for January 1942-April 1944 for the indicated copper, lead, and zinc series, see p. 24 of the June 1944 Survey. Total shipments of zinc include through September 1946
shipments for Government account in addition to shipments to domestic consumer and export and drawback shipments.
tData cover 9 companies since September 1944; earlier data back to March 1943 covered 8 companies.
§See p. 24 of the January 1947 Survey for available data for 1942-45 for cast-iron boilers and radiation; these series continue data in the 1942 Supplement.
®Data are based on reports of 150 companies, including about 30 which did not report prior to 1946, and cover practically the entire industry; it is believed that the concerns added
* iuti.
^,,«*.i— i* m^c — A A~±~ t^ +u«+ „
,
4..-__ii
!_*_. .•
4.
r e d a | 3 0 U t QQ percent of the industry.
i, and are practically complete; monthly figures beginning July
,
.. ater heaters are compiled by the Bureau of the Census and are
o
o__7
practically complete; data prior to 1946 for domestic heating stoves are shown on p. 20 of this issue; data prior to 1946 for the other series will be shown later (data beginning 1944
for total shipments of warm-air furnaces are available in the May 1945 and later issues of the Survey); the data shown for gas cooking stoves and ranges has been revised to include
combination ranges, or ranges designed to use two different fuels, since gas is one of the fuels used in most of these ranges (comparable figures for January and February, 150,720 and
120,846, respectively). For source of data on machine tool shipments and reference for 1940-42 data, see note on p. S-34 of February 1947 Survey.
S-34
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
1947
May 1947
1946
March
April
May
June
July
1947
August
September
October
Novem- December
ber
January
February
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Continued
Mechanical stokers, sales:*!!
Classes 1, 2, and 3
.number..
Classes 4 and 5:
Number
Horsepower
--•
Pumps and water systems, domestic, shipments id1
Domestic hand and windmill pumps
number..
Water systems, including pumps, total
do—
Jet*
do....
Nonjet*
do___.
Pumps, steam, power, centrifugal and rotary, new
orders
.-thous. of doL.
Scales and balances (except laboratory), shipments,
quarterly:*
.thous. of dol..
Sewing machines, heads, production:*
Domestic
number..
Industrial
do—
3,598
16,463
15,305
15,617
13,893
17,503
20,354
19,437
17,269
14,946
7,594
4,282
280
56, 661
275
73, 717
342
87,877
303
80,586
309
75, 074
83,958
427
70,827
450
63,055
454
78,454
357
58,495
339
49,903
215
54, 852
36,
62,
32,
30,
261
778
772
006
27,231
45,187
23,167
22, 020
28,157
45,640
24,494
21,146
23,587
45,859
23, 562
22,297
27, 741
46,155
23,042
23,113
22,663
54, 531
27, 421
27,110
25,003
60, 251
28,889
31, 362
24,082
55,485
26, 737
28, 748
30, 552
68, 289
34,728
33, 561
28,917
57. 986
30, 103
27,883
23, 434
62,319
34,141
28,178
26, 737
59,545
31,125
28, 420
3, 464
2,489
2,803
2,856
2,648
4,014
3,789
3,223
3,581
3,260
3,035
3,428
7,169
26,389
8,117
7,150
11,297
31,326
9,302
9,864
7,751
33,838
34, 596
10, 788
27,296
7,364
35, 249
9,695
50,042
12, 760
43,220
10,832
43, 843
10, 764
1, 213
47, 063
12, 506
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement only),
number*
thousands.
Domestic electrical appliances, shipments:
Washers*
number.
Water heaters*
do.__
Electrical products:!
Insulating materials, sales billed
1936=100.
Motors and generators, new orders §
do...
Furnaces, electric, industrial, sales:
Unit
kilowatts.
Value
thous. of dol.
Laminated fiber products, shipments
do___
Motors (1-200 hp):
Polyphase induction, billings
__.
do...
Polyphase induction, new orders..
do__.
Direct current, billings
do_._
Direct current, new orders
do
Rigid steel conduit and fittings, shipments!--short tons
Vulcanized fiber:
Consumption offiberpaper
.
thous. of 1b.
Shipments
thous. of dol.
1,686
1,672
1,645
1,377
1,161
1,471
1,318
1,355
1,150
104,296
24,870
166,129
30, 370
178,209
33,137
172,195
39, 204
168,500
42,020
189, 778
53,156
184,215
48,264
247,816
56, 303
216,634
54,384
224
429
225
385
242
404
227
465
252
432
284
'501
294
471
351
508
331
438
337
533
388
5, 786
604
2, 759
6,105
527
2,738
5,357
351
3,060
606
2,878
771
3,268
2,104
3,507
8,240
714
3,761
4,869
647
4,328
4,227
600
4,074
:,615
322
4.859
7, 528
789
4,550
20, 08,8
5,924
12,767
868
1,840
6,590
4,726
10,222
600
1,414
12,940
5,281
10,809
847
1,844
16,103
5,873
13,095
973
1, 735
16,129
6,154
13,377
987
1,589
15, 705
7,519
15,445
1,234
2,067
21,471
7,871
13,808
1,011
1,741
18, 683
8,621
14,756
1,344
2,204
20, 742
8,437
11,962
1,222
1,215
20,533
18,297
4.5^8
1,757
4.474
1,211
3 f 389
1,138
3,214
1,038
3,247
824
3,183
1,056
3,790
1,288
4,125
1,330
5,059
1,765
4,741
1,640
5,004
1,941
1,509
240, 233
PAPER AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:*
1,514
1,512
1,503
1,423
1, 558
1,511
1,516
1,628
1,701
1,585
1,473
Consumption-thous. of cords (128 cu. ft.)_.
1,666
1,604
1,821
1,433
1,331
1,723
1,716
1,920
1,823
1,705
1,438
1,382
1,709
Receipts, total
..do
3,117
3,038
2,942
3,241
4,034
4,275
2,853
3,639
3,956
3,780
3,818
Stocks, end of month..
do
3,814
Waste paper:*
Consumption
short tons.. 684.175 616,542 606,662 620, 830 578, 075 558, 257 635, 827 607, 231 680, 047 651.974 596,247 678, 241
668, 481 637,199 653,188 639, 991 606, 548 596, 609 635, 567 604,136 707,738 636,387 634,491 657,165
Receipts
_._do
453, 280 337, 518 382, 992 401, 667 426, 750 464,831 460, 946 453,896 481,398 464,676 515, 361 492, 702
Stocks
do
WOOD PULP
5, 092
6, 057
4,780
3,591
4,334
1,359
2,302
2,737
3,198
1,947
Exports, all grades, totalt
short tons.
6,475
109, 769 118, 276 123, 985 150, 216 212, 697 147,417 133,141 152, 660 135, 001 136,428 167, 977
Imports, all grades, totalj.
do...
5,322
4,783
3,996
10, 584
9,757
3, 263
6,348
7,562
9,271
7,818
15, 537
Bleached sulphateX-do...
26, 482
64,109
33, 864
32, 893
29, 292
20, 7S5
11,435
10, 505 20, 352
28, 051
38. 921
Unbleached sulphatet...do-..
37, 439
28,104
35, 297
37, 757
33,988
31,113
36,194 42, 638 39, 406
26,938
39, 661
Bleached sulphite^
do.._
37, 715 36, 085 37,158
49, 818
78,176
49,574
49, 822
62, 459
51, 986
50, 636
53, 075
Unbleached sulphite J
do-__
1,928
1,556
1,717
1,249
1,529
1,410
1,070
1,990
1,879
1,770
1,318
Sodat
_
do..17,113 22,548 ' 21,194
23,647
21, 967
25,199
14, 418
20,824
19,138
18, 719
19, 465
GroundwoodJ
do...
Production:!
Total, all grades
_
do_._ 1,007,407 919,633 915,338 917,754 900,629 829,378 915,099 880,198 980,653 947,335 886,567 997. 645
89,792 78,144 76, 411
78, 670
77, 336
71.931
80,170
76, 008
79, 811
77, 472
75, 135
S7, 764
Bleached sulphate.
do...
Unbleached sulphate
_
_do... 354, 293 320, 300 316, 854 307, 975 323, 722 309, 614 331, 586 314,645 343, 457 336, 697 304,130 350,101
Bleached sulphite..
..-do.-. 162, 270 140, 669 141,876 150, 015 138,986 132, 575 143,184 135,185 152, 654 144,605 141, 358 159, 571
65, 563
65, 455
56, 675
69, 272
64, 407
75, 732
71,711
67, 047
73, 967 64, 546 62, 347
75, 060
Unbleached sulphite
do.__
38, 386
37, 583
42, 655
38,947
42, 010
38,631
40, 717
39,154
42, 092 41,320 41,612
42, 343
Soda
do...
Groundwood
d o . . . 164, 753 163,110 164, 589 161, 044 149,840 133, 614 140. 027 132, 787 159,873 158,714 149.558 164, 703
58, 955
41, 706
56,589
75, 279
75, 989 64,494 65, 566
71, 548
69,915
68,628
66, 796
73,111
Defibratcd, exploded, etc.*
do--Stocks, end of month:f
85, 313
83,178
71,916
72, 432
77, 606
79, 579 74, 906 77,173
88, 429
76, 590
70, 609
74, 887
Total, all grades..
do...
6,291
6,684
6, 021
7,193
7,589
5, 203
6, 265
6,218
7,447
6,836
7, 358
7, 542
Bleached sulphate
do.-.
7,119
7,624
8,013
6,773
6,430
8,350
7,865
7,222
8,055
8, 765
7,043
8, 545
Unbleached sulphate. _.do...
17, 515
14,363
17, 933
17,185
16, 713
17,620
18,615
20, 326
21, 004 17, 362 14, 834
19, 500
Bleached sulphite
_do.-.
8,451
12,154
11,179
11, 800
11,043
13, 605
15, 294
8,786
15, 399
9, 513
11,128
8, 610
Unbleached sulphite
do-_.
2,711
2,645
2,918
2,329
2,448
2, 720
2,690
2,481
2,611
2,088
2.422
2, 431
Soda
do...
39, 252
34, 940
28, 230
21, 381
37, 983
17, 943
21, 423
22, 897
28, 448 29,870 34, 089
25, 971
Groundwood
do...
r
Revised.
1 Data coyer almost the entire industry; in prewar years the reporting concerns represented over 95 percent of the total.
cflt is believed that data shown currently and also earlier data for recent years are substantially complete.
JData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
§The monthly index of orders received of motors and generators will be released quarterly beginning with the first quarter 1947.
e Data for washers are from the American Ironer and Washer Manufacturers' Association and continue data published in the 1942 Supplement; comparisons with January-September 1946 data collected by the Bureau of the Census indicate that they cover about 97 percent of the industry; data include electric and gasoline washers.
*New series. See note in the February 1947 Survey for source of data for automotive replacement battery shipments, pulpwood and waste paper; all series are industry totals. Data
for 1939-45 for jet and nonjet water systems will be shown later. Data for scales and balances, sewing machines and electric water heaters are from the Bureau of the Census and are
practically complete (data since September 1946 for water heaters are estimated from data reported by the National Electrical Manufacturers Association); data prior to 1946 will be
shown later. Data beginning 1941 for production of defibrated, exploded, ftc, wood pulp will be shown later.
tRevised series. See note in February 1947 Survey regarding unpublished revisions in the indexes of new orders for motors and generators and sales of insulating materials. Data
for rigid steel conduit and fittings were revised in the July 1946 Survey (see note in that issue for explanation). Revised wood pulp production for 1940-43 and sulphite stocks for 1943
are shown on p. 20 of the December 1944 Survey and revised 1942 stock figures for all series are on pp. 30 and 31 of the June 1943 issue; revisions in the 1943 data for groundwood and
total production shown in the December 1944 Survey and unpublished revisions in the 1944 production data for these two series will be shown later; beginning in this issue data for
total production of wood pulp include defibrated, exploded, etc., pulp, shown separately above, which has not been included previously; stocks of such pulp are comparatively small
and are not included in the stock figures; stock data are stocks of own pulp at mills.
May 1947
SURVEY OF CUBEENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
S-35
1946
1947
March
April
May
June
July
August
1947
September
October
January
Novem- December
ber
February
PAPER AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:*
Paper and paperboard production, total..short tons.. 1,801,399
900,834
Paper
do
773,423
Paperboard
...do
127,142
Building board
do
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):!
Orders, new
___
..short tons.. 749,006
774,149
Production
do
733, 787
Shipments
...do
Fine paper:
119, 018
Orders, new
_
.__do
164, 804
Orders, unfilled, end of month
do
111,435
Production
do
109, 239
Shipments
do
49, 218
Stocks, end of month
do
Printing paper:
257, 013
Orders, new
do
299, 034
Orders, unfilled, end of month
-do
Price, wholesale, book paper, " B " grade, English
finish, white, f. o. b. m i l l . . . .
dol. per 1001b_.
9.80
Production
_ .short tons.. 258, 236
253, 944
Shipments
do
64, 755
Stocks, end of month.
do
Wrapping paper:
272,475
Orders, new
do
184, 349
Orders, unfilled, end of month
„
do
273,978
Production
_
do
271, 504
Shipments
do
59, 652
Stocks, end of month
do
Newsprint:
Canada:
372,482
Production.
do
373, 769
Shipments from mills
do
Stocks, at mills, end of month
do
133, 381
United States:
302, 672
Consumption by publishers
do
Imports 1
do
84.00
Price, rolls (N. Y.)
dol. per short ton_.
Produetion
short tons... 67,916
68, 872
Shipments from mills
do
Stocks, end of month:
At mills
. . . d o . . . . 10, 980
206, 064
At publishers
do
73, 699
In transit to publishers
..do
Paperboard (National Paperboard Association):!
747, 358
Orders, new
do
Orders, unfilled, end of month
do
549, 774
Production
_
do
747,115
Percent of capacity
103
Waste paper, consumption and stocks: §
Consumption
short tons.. 456,127
Stocks at mills, end of m o n t h . .
do
266, 879
Paper products:
Shipping containers, corrugated and solid fiber, shipments*
mil. sq. ft. surface area..
5,566
Folding paper boxes, value:*
414.5
New orders..
.--1936=100..
470.9
Shipments
do
PRINTING
Book publication, total
no. of editions..
1,027
808
New books-.do
219
N e w editions
do
1,638,097
819,320
712,334
106,443
700,693
"",001
1,674,107
845, 207
708,949
119,951
1,577,751
803,350
659,340
115,061
682,491 657, 053 669, 564 659, 247
681, 582 745, 909 640,569
666,108 672,370 671, 335 613, 822 704, 694 648, 551 721, 954 690,813
665, 605 670,144 677, 096 613, 441 701,343 632,877 736,737 695,803
644,338
654,939
649,478
1.628,857
813, 674
706, 896
108, 287
1,621,346 1,596.773 1,474,261 1,684,906 1,596,187 1,751,147
823, 646 820, 090 766, 906 864, 982 799, 698 888, 293
691,129 677, 681 635, 304 729,445 687, 473 737, 648
106, 571 99, 002 72, 051 90,479 109, 016 125, 206
1,764,493 1,629,117
892, 871 820,583
752, 393 701,075
119, 229 107,459
T
809,829 • 673,394
728, 303 • 666,581
726,569
• 665,681
104,902 107, 677 89, 017 108,191 100, 854 85, 449 101, 055 109, 332 81, 565 84,304 114,900 ' 93,108
149,408 161, 287 155, 066 175, 437 187, 924 161, 480 176, 288 174, 098 159, 403 161, 502 116,112 160,672
92, 218 94, 770 97, 896 97, 790 89, 320 103. 161 92, 573 102,908 100,943
94, 870 105,640 r 96, 897
96,129 91,840 97, 207 99, 684 85, 824 99, 592 88, 037 112, 537 104, 245 93,037 r 107,504 ' 97, 856
53, 721 56,349
57, 543 59, 500 56,150 53, 504 59,081
54, 635 52, 578 52,970 47, 939 r 47, 398
234, 395 227,871 225, 245 214,214 225, 529 202, 087 234, 622 254, 603
261,171 255, 855 259,124 252, 603 258, 456 229, 328 241, 498 248, 257
8.00
8.00
8.00
8.00
8.00
8.28
8.55
8.55
227,104 226, 978 228, 291 226,110 206. 408 236, 530 219, 460 246, 718
223, 972 228, 219 229, 400 288, 049 206, 958 237, 857 213,137 249, 933
58, 298 56, 934 55, 350 53, 512 53, 225 55, 331 59, 320 62, 013
262. 247 247, 243 247, 803 254, 258 247, 518 261, 804 253, 345 278, 773
205, 926 199,825 186, 017 194,966 197, 977 193, 693 213, 506 214. 298
262, 799 247, 098 252, 282 254, 348 237, 498 266, 987 248, 021 274, 416
264, 054 247, 587 250,157 256, 630 237,170 267, 254 243, 728 276, 005
75,122 71,082 67, 512 65,970 65, 867 64,162 72,263 71,230
212, 033 223, 580 314,971
221,908 226,988 290,502
238,467
296,234
9.30
8.55
9.30
230, 394 223,860 252, 360
235, 028 215, 967 250,487
50, 504 55,100 ' 57,113
9.68
230,137
226,777
r
60,462
252, 261 245, 954 279. 440
197,134 191,210 186,735
-•264,614 248,937 272, 357
264, 765 252,874 272,050
66, 026 67,131 r 64,128
249,319
184,007
249,402
252,048
r
61, 952
334,127 337, 862 359, 943 334, 207 357, 027 370, 676 330, 063 376, 436 364, 304 341,911 370, 000 341, 268
320, 351 348,103 367, 251 322, 805 364, 591 356, 572 335, 874 387, 294 391, 388 340,125 344,543 319, 831
129,308 119, 067 111, 759 123,161 115, 597 129, 701 123, 890 113, 032 85,948
87, 774 113, 231 134, 668
267, 711 258,984 261, 484 259, 284 243, 072 257, 303 265, 583 292, 205 291,517 294,835 266,422 258, 424
269, 795 285, 017 313, 270 276, 959 326, 399 295, 934 293, 228 305. 777 323, 457 318, 576 294, 042 260,815
67.00
67.00
71.08
67.00
73.80
67.00
74.00
80.00
65. 304 67, 064 65, 927 61, 241 62, 742 65,129 61, 025 67, 248 64, 739 62,088 68. 634 62, 802
67, 658 67, 698 65, 699 61, 671 60, 249 67, 206 55, 587
62,054 69, 492 65, 226
62,107
7, 252
6, 618
6,846
6,416
6,832 12, 270 12, 552 15,184
15,218 14, 360 11,936
198,122 201, 776 210, 276 209, 784 226, 577 243, 331 240, 602 217,303 217, 438 219,478 231,694 224, 453
55, 341 56,332
61, 735 64,331
59, 257 52,155
60, 634 82,167
79, 676 73,328 75, 602 69, 466
754, 872 747,907 717,331 669, 747 715, 696 729, 066 699, 362 791, 784 690, 702 684,354 802. 016 713, 834
549, 929 553, 274 567, 068 558,129 620, 354 564, 299 569, 409 601,787 545. 042 532, 773 586,121 577, 777
710, 987 716, 274 703, 422 675,118 663, 229 754,177 679, 504 767, 091 737, 454 676, 988 774, 667 718, 072
94
97
100
99
100
99
92
103
412, 718 413,131 408,173 374, 295 369, 803 439, 696 399, 684 420, 867 474, 317 397,478
211,335 238, 597 259, 832 283,996 315, 236 313, 975 299, 218 309,990 304,100 321,434
450, 740
313, 398
416,935
274,850
4,923
5,078
4,975
4,730
4,763
5,233
4,919
5,512
5,242
5,475
5,289
397.0
322.1
389.5
338.0
379.6
338.4
362.7
331.3
361.0
300.5
381.0
368.3
414.6
351.5
440.2
409.4
363. 8
397.0
421.4
405.9
490.3
474.5
445.6
439. 7
638
518
120
664
539
125
682
553
129
679
556
123
536
422
114
510
401
109
656
532
124
675
173
863
704
159
846
621
225
470
372
98
557
436
121
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
Exports^
-thous. of short tons_.
Prices, composite, chestnut:
Retail
dol. per short ton..
Wholesale
do
Production
thous. of short tons. _
Stocks, producers' storage yards, end of mo
do
Bituminous:
Exports!
do
Industrial consumption and retail deliveries, total
thous. of short tons..
Industrial consumption, total
do
Beehive coke ovens
do
Byproduct coke ovens
do
Cement mills
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail deliveries
do
r
382
387
546
366
657
761
717
546
13. 767
4, £64
321
15.26
12. 467
5,492
214
15.25
12. 467
5,084
176
15.27
12. 482
5,469
15.28
12. 726
3,636
63
16. 55
13. 622
5, 263
83
16.56
13.584
5,444
94
i 16. 81
13. 593
5,048
132
»16. 78
13.593
5,409
200
3,633
1,744
732
3,245
5,418
5,874
5,070
52, 487
41, 4S8
895
8,025
651
6, 938
10,137
947
13, £05
10,989
43,627
35,382
719
7,101
503
5,110
10,391
815
10, 743
8,245
32,043
28,118
38
5, 502
518
5,190
8,246
749
7,875
3,925
28,496
25,030
35
3,654
432
4, 585
7,902
546
7,876
3, 466
34,012
29,548
571
6, 309
575
5,024
8,257
582
8,230
4,464
39,235
32, 744
716
7,551
632
5,714
8,720
671
8,740
6,491
41,565
33,958
788
7,781
675
6,314
9,092
760
8,548
7,607
42, 424
34,041
729
7,578
656
6,280
8,790
725
9,283
8,383
557
957
577
406
16. 80
13. 597
4,990
236
i 16. 63
13. 620
5,080
251
i 16.88
13. 748
5,155
284
i 16. 85
13. 753
r
4, 240
292
4,196
3,644
1,712
3,253
3,233
46,698
36,714
867
7,814
693*
6,708
9,571
850
10,211
9,984
44,516
35, 401
562
6,992
694
6,447
8,879
799
11,028
9,115
45,940
37,281
599
6,757
676
6,732
9, 515
871
12,131
8,659
55, 788
42, 843
877
7, 964
658
'7,158
10,104
943
15,139
12, 945
52, 399
39, 855
798
7, 245
607
6, 594
9,431
904
14, 276
12, 544
1
Revised.
f D a t a continue series published in t h e 1942 Supplement b u t suspended during the war period; data for October 1941-February 1945 will be published later.
T h e comparability of the data is affected b y a gradual reduction in the number of cities, or changes in the number of dealers, or the number of quotations included in the averages from August 1946 to date; averages for August, September, November, and December 1946 and January 1947 comparable in each case with data shown above for the following
month are $16.54, $16.80, $16.62 $16.60, and $16.85, respectively; in other months tbe comparability was affected only slightly.
t For revisions for J a n u a r y 1942-March 1943, see note for paperboard at bottom of p . S-36 of July 1944 Survey. § Estimated; see note in April 1946 Survey for basis of estimates.
t Revised series. T h e series from t h e American Paper a n d P u l p Association beginning in the August 1944 Survey are estimated industry totals and are not comparable with data
in earlier issues; there have been further small revisions in the 1943-44 data as published prior to the June 1945 issue; these revisions and earlier data will be published later.
• New series. T h e new paper series are from t h e Bureau of the Census and cover production of all mills including producers of building paper and building boards; for 1942 monthly
averages and data for the early months of 1943, see p . S-32 of the August 1944 issue. For data beginning 1934 for shipping containers, see p . 20 of the September 1944 Survey.
For data beginning June 1943 for folding paper boxes, see p . S-32 of the August 1944 Survey; earlier data will be published later. Minor revisions in the J a n u a r y - M a y 1944 figures for
folding paper boxes and J a n u a r y 1943-May 1944 data for shipping containers are available on request.
1
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
March
Mav 1947
March
April
May
July
June
1947
August
September
October
Novem- December
ary
January
February
PETROLEUM AND COAL PRODUCTS—Continued
COAL—Continued
Bituminous coal—Continued
Other consumption:
Vessels (bunker) §
thous of short tons
Coal mine fuel ._ __
_.
_ do
Prices, composite:
Retail (34 cities) .
dol. per short ton..
Wholesale:
Mine run
.
do_ _Prepared sizes
do
Production!
.
.
thous. of short tons__
Stocks, industrial and retail dealers, end of month,
total
thous. of short tons..
Industrial total
do
Byproduct coke ovens
do
Cement mills
_ _ . do_ _
_
Electric power utilities
.
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail dealers, total
. _
do- ._
Ill
249
122
14
93
89
88
222
138
223
146
240
10.69
10.70
10.73
10.93
11.23
11.23
6,249
6,524
54,995
5.454
5.709
56,849
5.454
5.709
3,506
5.740
5.976
19, 695
5.832
6.094
50, 579
5.949
6.186
51, 350
5.972
6.194
54,686
51, 674
49,547
7,429
935
14,059
8,262
1,141
17, 721
2,127
58, 531
55, 386
8,269
677
15, 705
13, 235
1,005
16, 495
3,145
38, 741
36, 398
4,117
414
12, 044
7,554
607
11, 662
2,343
31, 643
29,937
2,565
289
9,949
6,202
460
10, 472
1,706
37, 777
35, 213
3,630
43,611
40,450
3,871
47,990
44, 567
5,230
768
13, 907
8,117
843
15, 702
3,423
162
70
29
82
113
97
93
76
78
49
49
3
8.875
7.500
7.500
7.500
7.500
8.750
8.00C
8.750
8.750
8.750
8.750
8.812
8.87
560
464
5,000
167
21
3,852
181
27
2,574
164
367
4,418
468
5,323
159
168
524
5,462
186
485
5,345
190
557
5,512
212
361
4,925
191
381
4,769
197
582
5,619
203
51
5,12
17
1,016
814
203
142
620
442
178
144
465
292
172
120
616
360
256
85
709
361
348
78
807
398
409
72
949
503
446
89
1,120
653
467
96
1,034
602
432
93
929
571
358
90
797
523
274
94
71
52
18
233
482
11,430
7,297
624
11, 750
2,564
591
12, 594
7,641
642
15,111
3,161
135
158
88
179
77
249
21
111.10
» 11.08
i 11.14
i 11.22
i 11.81
i 11.9
5.976
6.199
51,922
5.989
6.200
57, 485
5.998
6.212
37, 501
6.044
6.305
43, 746
6.207
6.483
* 58,970
52, 367
48, 965
5,924
891
14, 563
8,800
855
17,932
3,402
54,924
51, 532
6,593
1,046
15,638
9,274
888
18, 093
3,392
52, 429
49, 546
6,355
1,054
14, 549
7,587
877
19,124
2,883
47,157
44, 453
5,222
887
13,044
6,959
785
17, 556
2,704
49,169
46, 003
5,919
861
13, 208
7,673
909
17, 433
3,166
134
224
140
237
r
6,22
6.51
51. 40(
49,47
47,34
6,64
88
13,45
7,68
98
17,69
2,13
COKE
Exports §
thous. of short tons..
Price, beehive, Connellsville (furnace)
dol. per short ton__
Production:
Beehive._
>.
-thous. of short tons._
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants total
*
do
At furnace plants
do
At merchant plants
._
_ . do
Petroleum coke
do
PETROLEUM AND PRODUCTS
Crude petroleum:
144, 488 139,884 148,621 145, 069 150, 541 150, 550 145,181 146,816 140, 514 148,171 146, 897 134, 95
Consumption (runs to stills)f
-thous. of bbl_4,272
4,602
4,622
2, 418
3,839
3,401
4,291
3,794
3,687
3,542
2,529
2,61
Exports§
do
7,784
6,268
7,631
6,578
7,867
7,149
6,176
7,813
8,255
8,422
8,956
8,17
Imports §
do
1.210
1.460
1.460
1.110
1.190
1.210
1.710
1.460
1.485
1.260
1.560
1.56
1.560
Price (Kansas-Okla.) at wells _ _ _ dol. per bbl
136,835 140,196 148,334 146, 890 152, 586 149, 910 143, 708 148, 323 144, 674 146, 471 144, 800 134, 69
Production!
thous. of bbL.
96
96
94
95
93
95
95
96
94
98
9
95
Refinery operations
.
pet. of capacity
Stocks, end of month:
221, 400 222,480 221, 592 223,140 224, 351 224,157 222, 417 222,177 226,453 224, 473 223,848 225.12
Refinable in U. S.f
thous. of bbL.
54, 785
54, 529
52, 074
53,128
52, 988
55,119
53,894
53, 532
53, 344
53,113
55, 833
57,10
At refineries
do
153, 419 153,186 153, 765 152, 786 155, 656 154, 501 153,469 155, 434 158, 207 156, 238 152,988 153,16
At tank farms and in pipe lines
do
14, 765
14,871
14, 669
14, 853
14,839
15, 235
15, 054
14, 902
15,122
15,163
15,027
14.85
On leasesf
do
4,921
5,066
4,533
4,913
5, 401
5,483
4,528
5,335
4,968
5,703
5,584
5,79
Heavy in California
do
1,396
1,425
1,434
1,236
1,302
1,333
1,333
1,314
1,241
1,502
1,248
1,19
Wells completedf
...number...
Refined petroleum products:
Gas and fuel oils:
Domestic demand :§
19, 804
18,063
14,850
13,828
18,131
18, 297
14,520
15,098
23,110
35, 294
32,450
31, 68
Distillate fuel oil
thous. of bbl_.
37, 925
42, 229
37, 911
39, 346
39,283
37,014
33,509
41,497
36, 734
47,405 r 48, 357
43, 30
Residual fuel oil
do
Consumption by type of consumer:
2,141
2,157
3,511
2,851
2,963
2,914
3,280
4,372
3,564
2,512
5,313
3,69
4,426
Electric power plantsf
do
6,859
7,249
6,935
6,461
6,500
6,959
6,729
7,307
6,903
7,607
7,460
6,53
Railways (class I)
do
6,999
5,436
4,621
5,967
5,374
3,695
2,367
5,002
5,547
5,579
'5,818
5,71
Vessels (bunker oil)§
do
Exports: §
3,684
2,715
1,992
891
3,407
758
1,723
3,969
2,540
1,273
876
1.75
Distillate fuel oil
.
do
569
507
550
831
324
321
730
316
578
71
733
351
Residual fuel oil
do
.062
.062
.058
.062
.062
.058
.058
.058
.058
.066
.070
.071
.07
Price, fuel oil (Pennsylvania)
dol. per gal.Production:
24, 432
23,320
23, 703
23, 741
25,298
23,181
23, 348
24, 589
23,877
24,970
24,131
21, 74
Distillate fuel oil
thous. of bbl.
35, 942
37, 407
36, 569
34, 512
37, 598
37,816
33,015
36,060
34,39
33, 777
Residual fuel oil
do
35, 937 r 36, 448
Stocks, end of month:
62,019
67, 870
29,922
32,064
38,824
54,068
68,145
59, 620
33, 885
46,439
36,90
48,197
Distillate fuel oil
do
55, 580
32,995
35, 206
41,492
48,186
54,012
52, 735
47,094
38,932
38,48
45,446
41, 550
Residual fuel oil
do
Motor fuel:
61,315 61,043
62,045
66, 774
63, 221
69,044
66,701
62,216
66, 598
56,801
57,119
50, 55
Domestic demand§
thous. of bbL.
3,604
2,386
3,248
2,826
2,321
3,620
3,049
5,258
2,892
4,83
Exports§
do
2,555
3,688
Prices, gasoline:
.070
.058
.068
.070
.050
.050
.054
.070
.060
.070
.07
.076
.070
Wholesale, refinery (Okla.)
dol. per gal
.149
.159
.145
.149
.158
.145
.151
.159
.159
.161
.161
.167
.16
Wholesale, tank wagon (N Y )
do
.142
.141
.142
.151
.155
.141
.155
.156
.157
.171
.155
.15
Retail, service stations, 50 cities
__ do,.
.158
69,707
67, 305
65,191
64,345
66,284
69, 028
61,899
61,16Q
67,445
66,072
60, 48
65,985
Production, totalf
thous. of bbL _
62,079
59. 607
57, 613
56.705
58,914
54, 295
53, 789
59. 921
58, 636
61, 387
53. 59
58, 560
Gasoline and naphtha from crude oilt
do
9,821
10,275
9,529
9,501
9,574
9,563
9,223
9,558
10,155
10, 651
10, 732
9,94
Natural gasoline and allied productstf
do
2.085
2,444
1,872
1,752
2,082
1,866
1,765
1.928
2,604
3,148
2,870
2,93
Sales of 1 p g. for fuel and chemicals
do
11
108
122
93
87
79
109
133
115
106
140
159
Transfer of evele products
do
4,487
4,940
5,774
6,023
6,232
4,619
4,869
5,229
5,390
4,90
5,813
5,859
Used at refineriesf
do
2,784
2,619
2,309
2,649
2,555
2,701
2,498
2,561
2,856
2,518
2,318
Retail distributionc?
mil. of gaL__
r
Stocks, gasoline, end of month:
90, 444
85, 801
78,833
79,980
95,186
83,726
79, 384
78,848
77,628
94. 98
84, 534
90, 300
Finished gasoline, total
thous. of bbl
47, 347
58, 605
47,021
46, 244
63,532
53,893
50,911
48,077
47, 581
57, 066
51, 927
61.33
At refineries
do,_
7,912
8,245
8,324
8,607
8,975
8,300
8,159
8,394
8,173
8,208
9,323
S,6S
Unfinished gasoline
__
do
6,982
7,343
6,943
6,312
5,487
6,658
7,004
7,334
7,060
4,813
4,981
5,01
Natural gasoline
do
'Revised, c?See note in April 1946 Survey. {Combined total of data formerly shown as straight run gasoline and cracked gasoline.
1
The comparability of the data is affected in some months by a reduction in the number of cities or by a change in the sample; averages for August, September, November, and
December 1946 comparable in each case with data shown above for the following month are $10.93, $11.07, $11.12, $11.40, respectively.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
fRevised series. For source of 1939-41 revisions for bituminous coal production, see note marked "f" on p. S-32 of the April 1943 Survey; revisions for 1942-43 are shown on
p. S-33 of the April 1945 issue; revisions for 1945 are shown on p. S-36 of the March 1947 Survey. For 1941 revisions for the indicated series on petroleum products see notes marked
" t " on p. S-33 of the March and April 1943 issues (correction for crude petroleum production January 1941, 110,446); 1942-43 revisions are available upon request.
{Includes natural gasoline, cycle products, liquefied petroleum gases at natural gasoline plants, and benzol; sales of liquefied petroleum gas for fuels and for chemicals and transfers of cycle products are deducted before combining the data with gasoline and naphtha to obtain total motor fuel production.
May
SURVEY OF CURRENT BUSINESS
194"
March
1947
1946
1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
S-37
March
April
May
June
July
August
September
October
January
Novem- December
ber
February
PETROLEUM AND COAL PRODUCTS—Continued
PETROLEUM AND PRODUCTS-Continued
Refined petroleum products—Continued
Kerosene:
Domestic demand§
__
thous. of bbl_.
Exports§
___do
Price, wholesale, water white, 47°, refinery (Pennsylvania)
__dol. per gal..
Production
thous. of bbl.
Stocks, refinery, end of month
__do
Lubricants:
Domestic demand§._
_
do
Exports§
_do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gal..
Production
thous. of bbl_.
Stocks, refinery, end of month __
_
_do
Asphalt:
Imports^
.short tons..
Production
do
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb__
Stocks, refinery, end of month
do
Asphalt prepared roofing, shipments:!
Total
thous. of squares..
Smooth-surfaced roll roofing and cap sheet..-do
Mineral-surfaced roll roofing and cap sheet__-do
Shingles, all types
_.do
5,284
705
7,502
312
414
11, 513
664
12, 325
394
10, 532
930
.071
8,435
10,490
4,321
767
.074
8,179
12, 382
.074
7,825
13,442
.074
8,566
13,926
.074
7,893
12,734
.075
8,782
9,772
.076
9,415
7,299
.076
9, 243
6,126
2,715
1,054
3,049
910
3,236
1,135
3,095
694
3,536
706
2,900
906
2,900
1,063
2, 951
1,104
2, 680
1,258
.160
3,839
7,635
.160
3,620
7,293
.200
4,096
7,030
.214
4,016
7,244
.248
4,327
7,338
.250
3,857
7,384
.274
4,135
7,564
.298
4,204
7,773
.300
3, 925
7,753
5,185
1,566
5,339
976
.070
8,396
6,097
6,338
782
.070
8,887
7,912
.070
8,376
9,063
2,562
1,225
3,061
721
2,866
1,131
.160
3,786
7,951
.160
3,693
7,852
.160
3,722
7,565
8,006
393
.070
9,852
4,981
.078
.308
5,995
655
9,925
540,500
948,400
9,052
447
8,588
592,700 711,800 738, 200 851,800
986,200 1,023,100 907,600 819,600
77, 280
85,400
68,040
80,920
4,680
1,526
1,102
2,052
5,151
1,696
1,224
2,231
5,754
1,934
1,258
2, 562
67,760
77, 280
5,168
1,746
1,076
2,346
18, 772 27,811
871,300 827,800
691,800 626,500
11,389
19,144
8,253
0
0
806, 500 670, 400 615, 800 540, 500 532, 400
577,800 622,200 702,000 781, 800 888, 200
65, 520
81,760
60, 480
73,920
69,160
73,360
68,600
83,160
74,480
84,840
79, 240
79, 800
86, 240
83, 720
82, 040
81, 760
85,120
5,045
1,575
1,099
2,371
5,213
1,653
1,105
2,456
5,516
1,837
1,128
2,550
5,264
1,633
1,146
2,486
5,646
1,760
1,237
2,649
5,328
1,725
1,168
2,435
5, 231
1,691
1,134
2,407
5,827
1,942
1,287
2,598
5,300
1,886
1,162
2,252
16, 466 21,998 28,405 31,123
9,545 21, 627 35,731
41,736
176, 768 169,490 185, 580 199,591
35,421
46,887
200,799
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption^
Imports, including latex and Guayule §
Stocks, end of months
Synthetic rubber:*
Consumption
Exports
Production
Stocks, end of month
Reclaimed rubber:^
Consumption
Production
Stocks, end of month
long tons.. 43, 072 12,792
do
31, 757
do
280, 844 180,088
17,867
6,262
170,763
74, 214 70, 703
17,726
12, 931
57, 478 60,363 66,014
121, 612 115, 310 101, 510
do
do
do
_do
16,914
28,109
182,831
70,914
13,144
66,044
93, 447
62,899
5,367
63,388
94,095
22,162
25,322
33,554
21,725
24,882
35, 295
55, 350
do
___do
do
26,152
26,194
26,191
22,075
25,136
31,436
22, 396
23,930
31,732
thousands.
do...
do__.
do_._
do. _.
206
6,686
6,611
730
' 3,487
196
' 6, 881
r
6, 978
r 1,104
r
3, 412
do...
do...
do...
do...
151
* 5,846
'5,610
r 4, 445
37,323 38,802 45, 328 r 40, 983
59,266 46, 658 r 92, 779 60, 678
218, 672 237,467 294,191 283,479
54, 562 61, 486 58, 798 60, 729 57, 794 53, 453 58, 764 r 53, 321
3,166
2,188
487
1,786
2,603
3, 450
2,434
1,877
63,176 64, 300 63, 765 62, 086 60, 305 62,648
62,103
59,125
101,007 103,076 108,840 110, 913 113, 556 114, 963 115, 655 119,912
21,350
22,619
35,603
24, 566
25,798
35,742
23,715
23,956
35,404
26,706
26, 322
34,261
24, 385
24, 748
33,516
27, 715 r 25, 484
25, 545 ' 23, 990
30, 053 r 27, 417
23, 597
25, 254
33,666
TIRES AND TUBES
Pneumatic casings:§
Exports
Production
Shipments
Original equipment
Stocks, end of month
Inner tubes: §
Exports
Production
Shipments
Stocks, end of m o n t h
r
r
r
245
248
235
264
155
413
198
358
7, 059 r 6, 323 r 5,985
7,054
7,233 r 8,197 * 7, 595 ' 7, 511
7, 011 r 6, 503 r 6, 304
6,825 r 6, 947 r 8, 425 ' 7, 478 r 8,137
1,259
1,534 ' 1, 689 1,636
1,874
1,656
'937
1,839
3,377 r 3, 276 * 2, 819 3,006 r 3, 372 3,041 r 3, 112 ' 2, 448
160
192
198
193
205
109
125
6,143 ' 6, 556 r 5, 917 ' 5, 826 r 7, 034 ' 7,148 r 8,187
r 6, 136 * 6, 412 r 5, 942 r 6, 170 r 6, 918 ' 6, 702 r 8, 408
r 4. 263
4,373 r 4, 404 r 3, 907 3,929 r 4, 433 r 4,106
r
411
8,508
7,499
1,922
3,328
353
7,915
7, 360
2,138
3,865
334
313
258
r 7, 680 r 7, 402 8,719
r
7,188
7, 260 * 7, 923
5,075
r 4, 483 r 3, 820
282
7, 841
6,289
6,621
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper a n d cloth, shipments
reams..
158, 716
143,919
thous. of bbl._
14, 205
70
12, 133
22,^23
5,985
11,305
55
12, 718
18, 651
6,330
12, 650
64
15, 369
15,974
6,013
12, 091
59
16, 066
11,957
5,111
14,489
73
14, 564
11,894
4,983
15, 420
75
16, 249
11,064
4,788
16, 213
79
17,955
9,308
4,580
16,450
83
17,153
8,612
3,898
16, 410
81
17, 721
7,298
3,598
19, 400
17. 328
353,623
351,572
194,892
17. 399
387,063
378,489
204,679
17. 646
372,829
355,575
217,985
17.932
376,587
354,086
235,490
18. 074
481,547
447,614
263,564
18. 218
501,287
481,377
286,534
18. 519
470,998
443,647
310,814
92, 276
91, 037
50,996
96,103
101,578
45, 214
101,507
100,940
45, 526
104,107
99, 706
52, 285
119,041
117,723
56, 608
125,352
124,293
56, 923
116, 845
115, 474
57, 664
161, 776 151, 292 147,807
140, 813 161, 631
150,
726
166,
649
164,
733
145,
383
151,364
113,017
15, 335
78
14,803
7,830
3,512
14, 557
71
11,494
10, 921
3,886
• 15,359
8, 364
15,915
4,582
12, 521
68
8, 347
• 20, 112
r 5, 334
18. 551
509,839
480,121
339,129
19.010
455,676
424,705
368,953
19.095
381,146
354,782
383, 824
19. 270
376,848
•324,863
448,752
19. 292
336,155
269, 932
509, 011
128, 276
122,157
62, 633
123,976
107,833
80, 497
113, 682
102, 278
87, 580
112,119
97, 764
101,950
97, 421
82, 505
116, 503
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of m o n t h
Stocks, clinker, end of m o n t h
thous. of b b l . .
...do
do
T
m
CLAY PRODUCTS
Brick, unglazed:
Price, wholesale, common, composite, f. o. b . p l a n t
dol. per t h q u s . Production*
thous. of standard b r i c k . .
Shipments*
do
Stocks, end of month*
do
Structural tile, unglazed:*
Production
short t o n s . .
Shipments
do
Stocks
do
Vitrified clay sewer pipe:*
Production
do
Shipments
do
Stocks
do
r
64,433
56,113
90, 656 92,369 107,901 108,042
99, 000 116, 567 102, 857 103,135 112,992 104, 504
54, 267 68,219
95, 887 98, 634 104,072 108,446 106, 518 110, 751
98,495 103, 313 103, 896
92, 846
145,937 141,922 135,071 129,427 134,529 133,143 125, 491 131, 330 134, 560 137, 887 143,194 155, 048
* Revised. § Data continue series published in the 1942 Supplement but suspended during the war period. Data for 1941-45 for tires and tubes and imports of natural rubber are
shown on pp. 22 and 23 of the December 1946 Survey. Data for October 1941-February 1945 for other series will be published later.
1 For source of the indicated series and 1941-45 data, see p. 23 of December 1946 Survey; these data continue similar series published in the 1942 Supplement.
• New series. Data for 1943-45 for exports of synthetic rubber and for 1941-45 for other synthetic rubber series are shown on p. 23 of the December 1946 Survey. For September
1942-December 1943 data for brick see p. 24 of the February 1945 Survey and for 1939-45 data for clay sewer pipe, p. 23 of December 1946 issue; data for September 1942-February 1945
for unglazed structural tile are shown on p. 20 of the April 1947 Survey.
fData for asphalt roofing have been published on a revised basis beginning in the April 1945 Survey; see note in that issue.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
1947
March
May 1947
1947
1946
March
April
May
June
July
August
September
October
Novem- December
ber
Janu ary
February
STONE, CLAY, AND GLASS PRODUCTS—Continued
GLASS PRODUCTS
Glass containers:!
Production
thous. of gross
Shipments, domestic, total
do
General use food:
Narrow neck, food
.
do_
Wide mouth, food (incl. packers tumblers)-do
Beverage
do
Beer bottles
..
__
do
Liquor and wine
do
Medicinal and toilet
_
do
General purpose (chem., household, indus.)_.do
Dairy products
do
Fruit jars and jelly glasses
_ _ _ do. ._
Stocks, end of month . . .
do
Other glassware, machine-made:
Tumblers:f
Production.
thous. of doz__
Shipments
__
__
_
do
Stocks
do
Table, kitchen, and householdware, shipments t
thous. of doz..
Plate glass, polished, production
thous. of sq. ft_.
10,640
9,689
9,872
9,614
9,555
9,425
8,982
9,235
8,991
8,680
9,426
9,001
10,659
10,406
9,815
9,633
10, 533
10, 376
9,610
9,332
9,344
9,352
918
2,495
760
1,140
1 293
1,929
665
356
133
5,140
725
2,904
524
791
1,156
2,229
772
342
171
4,287
773
2,905
566
546
1,159
2,143
717
347
268
4,140
824
2,844
558
389
1,008
2,223
729
315
345
3,643
865
2,502
653
415
1,059
1,899
663
280
346
3,729
962
i 2,629
595
374
1,146
1,975
676
284
1360
3,911
1,287
i 3, 217
615
417
1, 252
2,221
717
332
1347
3,917
1,309
2,864
529
460
1,216
2,051
582
314
309
3,940
971
i 3,204
571
576
1,408
2,491
687
364
i 105
3,906
744
2,978
517
3,905
723
i 2,881
513
639
1,342
2,227
651
331
144
3,591
6,272
5,975
5,575
7,770
7,672
5,007
6,935
7,416
4,410
5,978
6,706
3,937
7,389
6,347
4,920
6,070
5,984
4,997
7,891
7,946
4,784
6,711
6,078
5,352
7,763
7,657
5,326
6,848
6,527
5,544
6,470
6,242
4,879
7,586
6,352
5,095
4,835
4,736
6,478
2,213
22, 605
4,153
19, 292
4,100
18, 515
4,513
18,863
3,847
16,316
3,553
18,409
4,335
16, 803
3,645
21,142
5,000
23, 271
3,168
20, 781
2,298
18,411
4,489
21, 980
2,668
20,268
573
1,372
2,099
658
318
73
11,153
10,101
'9,281
' 8, 650
'679
743
i 3,078 ' i 2,445
569
623
804
832
1 262
1 420
'1,947
2 295
725
'620
359
286
138
i 25
' 4, 554
4,167
GYPSUM AND PRODUCTS
Crude gypsum:
Importsd"
Production
Calcined, production
Gypsum products sold or used:
Uncalcined
Calcined:
For building uses:
Base-coat Dlasters
All other building plasters
Lath
Tile
Wallboard©
Industrial plasters
short tons
do
do
42, 721
1,143,238
828, 731
300.815
1,306,845
946,851
571,871
1,522,455
1,172,746
541, 733
1,642,030
1,249,901
do
358,642
408,263
389,021
472,603
do
265 675
6,309
85,952
242 917
5,164
408,149
48, 568
331,237
8,295
91,524
281, 750
4,055
443, 327
52,320
422,025
8,392
103,442
295,620
4,508
557, 537
49,941
482,306
9,871
115,806
328 491
5,138
589,374
55,484
do
thous of sq ft
do
do
short tons
TEXTILE PRODUCTS
CLOTHING
Hosiery:?
Production._
thous. of dozen pairs..
Shipments.
do
Stocks, end of month
.do
12,921
12, 711
18, 853
13, 092
12, 706
15, 225
' 13, 209
• 12, 824
15, 592
' 14, 055
' 13, 404
16,178
• 13, 002 • 11, 984
• 13,140 • 11,008
15, 971 • 16, 854
• 13, 545
• 12,135
' 18,129
' 13, 204 ' 14, 554
• 13, 519 ' 15,138
• 17, 720 ' 17, 087
• 13, 289 • 12,122
• 13, 583 • 11, 953
• 16, 722 • 16, 802
871,470
456, 671
42,852
.241
792,317
409, 926
15,862
.260
729,603
366, 510
27,694
855, 611
413,395
17,896
.308
.336
818,449
242,177
40,984
.353
877,461
445,147
49,651
.292
.274
.292
.334
.355
162
532
14, 592
13, 394
18, 464
COTTON
Cotton (exclusive of linters):
Consumption..
_. .bales.. 875,124 804,290 812,749
318. 948 317, 633
Exports cf
do
30, 767
39,609
Importsc?
do
.230
.319
Prices received by farmers f
dol. per lb._
.227
Prices, wholesale, middling, ^ a " , average, 10 markets
.277
.352
dol. perlb..
.268
Production:
2 8, 513
Ginnings§
thous. of running bales
» 8, 813
Crop estimate, equivalent 500-lb. bales
thous. of bales._
3 9,016
Stocks, domestic cotton in the United States, end of
month:t
7,534
'8,546
3,319
Warehouses
thous. of bales..
2,319
2,311
2,168
Mills.
do....
Cotton linters:
90
95
87
Consumption
do
49
71
68
Production
do
476
481
483
Stocks, end of month
do
931,229
103, 781
35,530
.377
7,783
5,725
947,036
289, 672
10, 543
.297
.324
.361
2,334
774,177
356, 786
14,630
.319
8,166
2 8,637
6,340
2,238
5,320
2,179
4,414
2,179
3,785
1,983
4,280
1,865
5,845
1,928
6,161
2,019
5,939
2,125
5,192
2,159
85
31
444
84
15
94
14
347
87
26
285
75
74
292
79
162
349
82
169
388
79
129
437
94
'136
472
COTTON MANUFACTURES
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
2,299
2,190
2,267
production, quarterly*
mil. of linear yards..
2,355
Cotton goods fiinished, quarterly:*
1,788
1,604
1,734
Production, total
do
1,816
878
765
840
Bleached
.do
897
466
449
478
Plain dyed
.do
490
443
390
416
Printed..
..do
429
59,444
68,310
41,109
57,503
65,140
73,107
41,313
68,907
71, 472
Exportsd"
thous. of sq. yds..
99,872 86, 338
4,265
3,551
2,311
3,581
7,326
5,176
2,459
1,792
4,840
Importsd"
-_-.do
2,190
1,687
Prices, wholesale:
5 24.97
25.93
23.09
22.01
27.40
23.73
30.86
40.78
22. 57
53.37
47.72
Mill margins
cents per lb_.
51.60
.312
.256
.280
.323
.256
.256
.338
.338
.248
Denims, 28-inch
_.dol. per yd..
.338
.338
.134
.114
.140
.114
.126
.114
.146
.147
.110
Print cloth, 64 x 60*
do
.255
.185
.192
.165
.138
.172
.138
.138
.138
.180
.133
.180
Sheeting, unbleached, 36-inch, 56 x 56O
-do
.245
()
2
' Revised.
i Jelly glasses included with wide mouth food containers.
Total ginnings of 1946 crop.
a Total ginnings of 1945 crop.
< Not available.
* Based on cloth prices for July 24, 1946, from the "Textile Apparel Analysis" for first 3 weeks of the month and O. P . A. ceilings for last week.
• Data continue the series shown in the Survey through the October 1943 issue; this construction was discontinued during the war period.
O This series was substituted in the November 1943 Survey for the price of 56 x 60 sheeting, production of which was discontinued during the war period.
§ Total ginnings to end of month indicated. © Includes laminated board reported as component board; this is a new product not produced prior to 1942.
cf Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
t See note in February 1947 Survey for source of August 1941-Marcb 1942 revisions and total cotton stocks in the United States July 31,1946.
*New series. For a brief description of the data for cotton broad woven goods and 1943 figures see p . S-35 of August 1944 Survey and for 1939-45 data for cotton goods finishing,
p . 23 of August 1945 issue.
t Revised series. See note on p . S-34 of the July 1944 Survey regarding changes in the data for glass containers and comparable figures for 1940-42 and note in May 1946 Survey
for changes in the reporting companies for other machine-made glassware; glass container data since October 1945 are from the Bureau of the Census. For revisions for August 1937July 1942 for farm price © cotton, see p . S-35 of June 1944 Survey.
f
1946 revisions not shown above (thous. of doz. pairs): Production—January 12,893; February 12,433; shipments—January, 12,608; February 12,090.
J
May 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
1947
S-39
1947
1946
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES—Continued
Cotton cordage, rope, and twine production, quarterly*
thous. of lb__
Cotton yarn:
Production (sale yarn), total*
do
Carded and combed yarns:
Weaving
do
Machine knitting
do
Thread.
do
All other carded and combed
do
Cotton-rayon and other mixed
fiber
do
Prices, wholesale:
Southern, 22/1, cones, carded, white, for knitting
.699
(mill)t
dol. p e r l b . . .
1.819
Southern, 40s, single, carded (mill)
..do
Spindle activity:
Active spindles...
thousands- 21,953
Active spindle hours, total
mil. of hr... 10,030
421
Average per spindle in place
hours..
Operations.
pet. of capacity..
125.4
RAYON AND MANUFACTURES
Yarn and staple fiber:
Consumption:
62.7
Filament yarn
mil. of lb_.
15.5
Staple
fiber
do
Imports§
thous, of lb_.
Prices wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. per lb_.
.320
Staple fiber, viscose, 11A denier..
do
Stocks, producers', end of month:
6.8
Filament yarn.
.mil. of lb_.
2.5
Staple
fiber
do
Rayon goods, production, quarterly:*
Broad woven goods
.thous. of linear yards...
Finished, total
do....
White
finished
do....
Plain dyed
do
Printed
do....
WOOL
Consumption (scoured basis):1
Apparel class
thous. of lb
Carpet class
do..
Imports§
_
do..
Prices, wholesale:
1.195
Raw. territory. 64s, 70s, 80s, fine, scoured*_dol. per lb_.
.555
Raw, bright fleece, 56s, greasy*
do
Australian, 64-70s, gcod top making, scoured, in bond
(Boston)*
dol. per lb..
Stocks, scoured basis, end of mo., totalf---thous. of lb__
Apparel, totalf
do.
Domestic!
-do.
Foreign f
_
_
.do.
Carpetf
do.
WOOL MANUFACTURES
Machinery activity (weekly average) :K
Looms:
Woolen and worsted:
Broad
thous. of active hours..
Narrow
do
Carpet and rug:
Broad
do
Narrow
do
Spinning spindles:
Woolen
do
Worsted
do
Worsted combs
do
Woolen and worsted woven goods (except woven felts):*
Production,, quarterly, total.__thous. of lin. y
yards.qy,
Apparel fabrics
do
's
do
Men's wear
d
Women's and children's wear
do
General use and other fabrics
do
Blankets
do
Other nonapparel fabrics
do
Wool yarn:
Production total*!
thous. of l b . .
Knitting*!
do
Weaving*^
do
Carpot and other*!
do
Price, wholesale, worsted yarn, 2/32s (Boston)
dol. per lb_.
1.960
MISCELLANEOUS PRODUCTS
Fur, sales by dealers
thous. of dol._
Pyroxylin-coated fabrics:%
Orders, unfilled, end of month_
thous. lin. yd. 11,458
Pyroxylin spread
thous. of lb-_
6,534
Shipmcnts, billed,
thous. lin. yd. 7,897
31,525
31,488
29,201
29,855
217,420
217,783
212,941
218,508
85,099
72, 570
9,006
39,136
11, 609
79,874
73,614
9,272
42, 802
12, 221
81,254
69,878
9,478
40,998
11, 333
84,835
73,005
9,472
.504
.627
.525
.646
.543
.672
.543
.672
.599
.672
21,947
9,133
383
114.1
21,964
9,147
384
109.9
21,958
9,558
401
110.5
21,944
8,707
369
115.4
21,984
8,007
336
95.3
58.3
16.8
2,943
56.6
14.8
2,295
56.8
15.9
1,887
51.8
14.1
3,428
52.0
15.6
3,653
.550
.250
.550
.250
.550
.250
.550
.250
9.2
1.9
9.3
2.3
8.7
2.1
437,388
441, 627
55,148
292, 862
93,617
.671
.804
.834
.699
1.819
1.819
.819
1.819
21,639
9,037
379
114.4
21,754
10,143
424
116.2
21,524
9,499
397
119.6
21,688
8,671
362
107.8
21,919
10,588
444
123.3
21,954
9,590
402
125.6
57.3
15.0
54.2
14.0
2,423
59.6
15.7
3,108
58.0
13.0
3,708
55.9
12.9
4,277
61.7
15.0
5,770
55.1
14.9
4,326
.550
.250
.550
.250
.550
.250
.550
.250
.585
.265
.620
.280
.280
7.3
1.8
439,178
454,322
51,659
299,498
103,165
8.7
2.2
8.4
2.3
9.1
2.6
9.7
2.6
9.7
2.5
6.0
1.6
7.3
2.7
2.3
.643
.756
22,019
9,449
396
112.4
408,204
384,574
41,669
267,185
75,720
50,424
10,352
113, 693
61,635
11,465
126,519
48,252
9,576
91,793
49,604
10,268
73,601
50, 750
9,135
103,311
.995
.465
.995
.465
.995
.465
.995
.465
.995
.465
.995
.465
.995
.465
.755
496, 801
426, 667
231,698
.747
.745
.745
567, 349
466, 489
264, 897
201, 592
100,860
.745
.745
.745
597, 502
490, 847
297,499
193, 348
106,655
2,586
79
2,486
2,640
2,169
68
2,608
84
86
107
94
78
70
119,134
108,463
214
123,986
114,293
220
98,191
89,145
177
194, 969
70,134
2,582
85
101
79
103
84
122,334 119,955
115, 501 114,045
224
226
145, 635
125, 628
53, 791
56,144
15, 693
12, 336
7,671
49,788 49,900
10,308 10,260
89,529 ' 85,658
94,390
1.900
5,300
r
425, 833
436,489
50,388
297,051
89,050
63,375
13,435
70,226
48,156
11,492
66,053
46,656
11,752
56,553
' 57, 750
' 14, 250
73, 614
48,884
12,952
57, 705
1.037
1.106
.490
1.145
.530
1.155
.530
1.165
.545
.757
.789
.850
540,072
437, 759
273,404
164,355
102,313
.850
.850
2,592
2,687
2,551
85
2,547
77
'2, 503
75
2,637
70
106
94
105
93
113
101
110
100
113
102
109
118
114
123,886
110,807
217
120,847
112,153
223
122,605
118,212
230
117,164
112,384
221
112, 558 -•108,636
114, 515 T114,434
227
226
109,132
123,187
245
154,339
133,942
58,060
60,853
15,029
12,077
8,320
77, 300
14,052
52, 740
10, 508
40,112
11, 084
146, 564
127, 207
55,032
56,859
15,316
11,833
7,524
156,983
137, 267
60,912
60, 695
15, 660
12, 503
7,213
74, 716
13, 764
51,064
77,948
14,008
52,832
11,108
75,910
15,890
52,425
7,595
77,928
13, 704
53,120
11,104
75,432
13, 236
51,620
10, 576
96,200
16,610
65, 250
14,340
73, 844
12,384
49, 732
11, 728
70,460
11,316
47,648
11,496
• 85, 730
• 13,470
'58,080
' 14,180
70,848
10, 392
47,820
12, 636
1.900
1.900
1.900
1.900
1.900
1.900
1.900
1.900
1.900
1.950
1.950
7,322
7,381
4,236
' 3,103
' 4,813 ' 7,553
4,640
3,332
17,110
64, 650
12,630
13,035 13,606 13,182 13, 468 13,800 13, 589 13,281 12,914
12,354
13,194
12, 531
12,152
6,301
6,811
6,814
5,748
5,651
6,972
6,287
7,480
7,205
7,058
7,754
7,201
7,506
8,448
9,071
7,653
7,151
7,371
8,552
9,867
9,217
9,135
9,423
8,386
' Revised, i Quotations are for cotton yarn twisted, 40/1, carded, and are not comparable with data prior to November 1946; comparable October 1946 figure, $0,819.
IData for April, July, and October 1946 and January 1947 are for 5 weeks; other months 4 weeks.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
JSee note in the April 1946 Survey with regard to changes in these series; data related to cotton fabrics only prior to August 1945.
fRevised series. See p. S-35 of the November 1942 Survey for 1941 data for the yarn price series and p. S-35 of the May 1943 issue regarding a change in the coverage of the wool
stocks series; stocks were revised in the March 1947 Survey to include corrections and to transfer wool 40s and below to apparel class; revised data for 1942-45 will be shown laterstocks include wool held by Commodity Credit Corporation but exclude foreign wool held by Defense Supplies Corporation.
*New series. For 1939 and 1943-45 data for rayon goods finishing, see p. 23 of the August 1946 Survey. Data for rayon woven goods production, cotton cordage, rope, and twine,
cotton sale yarn and wool yarn production are from the Bureau of the Census and represent virtually complete coverage; data beginning 1943 will be shown later; the wool yarn series
are for 4- and 5-week periods. The price series for Australian wool is from the Department of Agriculture; prices are before payment of duty; data beginning 1936 will be shown later;
1939-43 for the other wool price series are shown on p. 24 of the February 1945 Survey. For available data for 1937-43 for woolen and worsted goods production, see p 19 of the May
1945 Survey.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
March
Mav 1947
March
April
May
June
July
August
1947
September
October
Novem- December
ber
January
February
TRANSPORTATION EQUIPMENT
MOTOR VEHICLES
Exports, assembled, total§
number.
Passenger cars§
do...
Trucks§
do___
Factory sales, total§
_do___
Coaches, total
.do
Domestic
do_._
Passenger cars, total
do.__
Domestic
do___
Trucks, total
do
Domestic
___do___
Production:*
Passenger cars
do. _ _
Trucks and truck tractors, total (incl. military) .do. __
Civilian, total
do___
Heavy
do._.
Medium
do...
Light
.do...
Truck trailers, production, total*
do___
Complete trailers
do...
Vans
do___
All other
do...
Chassis shipped as such
do._.
Registrations:§
New passenger cars
do...
New commercial cars
do...
23,694 31,803
27, 401
10, 518 14,587
12, 477
17, 216 14,924
13,176
297, 633 346, 209 328, 795
862
1,067
833
867
833
758
209,180 247, 261 232, 280
195,158 229, 083 218, 645
97,881
87,591
95,682
72,102 78, 283 77, 501
41,158
16, 257
24,901
375, 719
1,438
1,339
266, 665
244, 931
107, 616
82, 774
13, 285
4,001
9,284
124, 003
527
443
85, 810
80, 239
37, 666
29,125
18,999
6,312
12,687
214, 350
948
854
132, 631
125, 765
80, 771
62, 529
27, 017
8,321
18,696
243,104
789
741
166, 942
158,344
75,373
59, 947
23, 644
7,013
16, 631
201,902
774
751
141,090
131, 284
60,038
50, 247
90, 045
39, 320
39, 309
2,432
16,952
19, 925
5,412
4,818
2,539
2,279
594
150, 206
81, 072
81, 070
5,802
43, 837
31,431
6,691
6,148
3,464
2,684
543
152,948
74, 650
74, 650
4,823
37, 427
32, 400
6,617
6,016
3,306
2,710
601
142, 313 220,321 241,302 239,412 285, 606 261,007 262,076 252.100
58, 739 93, 458 105, 516 92, 014 109,953 100, 552 101, 484 102, 727
58, 739 93, 458 105, 516 92, 014 109,953 100, 552 101, 484 102, 727
4,066
5,995
4,840
6, 071
8,940
7,691
8,401
10, 458
18, 608 49, 529 57, 062 44, 559 51,175
50,158 51, 825 48, 978
36, 065 37, 934 43, 614 41, 384 49, 838 41,993 41, 968 43, 291
5, 033
5,966
7,650
6,578
8,731
7,449
6,886
7, 523
4,459
5,654
7,207
6,143
8,153
7,051
6,506
7,206
1,983
2,287
3,091
2,679
3,987
3,147
3,461
3,762
2,476
4,116
3,367
3,464
4,166
3,904
3,045
3,444
574
443
312
435
578
380
317
i 87, 375
40, 920
56, 285
8,816
2,439
53
53
2,460
2,325
21
21
4,038
3,181
240
240
3,340
2,816
181
181
2,662
2,094
56
56
3,098
2,570
61
61
4,625
4,234
68
68
3,915
3,244
69
34
5,957
3,057
45
45
7,188
2,442
60
60
6,737
2,056
60
60
6,991
2,265
58
58
1,736
69
4.2
78, 080
60, 446
17, 634
1,755
75
4.4
38, 650
29, 947
8,703
1,753
76
4.5
38,151
29, 687
8,464
1,749
83
4.9
35,954
28,184
7,770
1,749
78
4.7
36, 058
28,683
7,375
1,748
80
4.7
41,417
34, 609
1,748
74
4.4
42,714
35, 367
7,347
1,746
73
4.3
53, 727
37, 213
16, 514
1,743
67
4.0
52, 817
36,942
15,875
1,742
67
4.0
54, 413
39,179
15, 234
1,740
67
4.0
54, 778
38, 716
16, 062
1,740
66
4.0
60, 529
44,144
16, 385
3,045
8.3
3,075
8.0
3,145
8.2
3,260
8.5
3,179
8.3
3,217
8.5
3,195
8.5
3,147
8.4
3,204
8.5
3,137
8.4
3,175
8.6
52
51
1
588
588
0
82
57
25
412
402
10
216
172
44
74
52
22
416
406
10
262
172
90
63
43
20
522
512
10
258
99
159
70
16
529
515
14
286
208
78
3,298
8.7
76
60
16
528
514
14
227
174
53
69
55
14
487
473
14
236
140
96
65
53
12
490
490
0
114
66
48
67
57
10
506
506
0
92
58
34
65
57
8
499
499
0
253
141
112
57
7
540
540
0
192
49
143
53
48
5
586
586
0
195
78
117
154
148
219
211
266
262
4
273
260
13
258
247
11
265
245
20
229
220
311
293
18
276
258
18
330
306
24
320
294
26
421, 277
1,421
1,272
301, 810
279, 741
118,046
92, 006
302,954
117,217
117, 217
11,445
56,137
49, 635
23,017
11,832
11,185
391, 727
975
923
283, 586
263, 236
107,166
88, 207
47,695
22,496
25,199
371,156
1,146
1,102
269, 081
250, 379
100,929
79,138
40, 268
19, 742
20, 526
349,462
1,240
1,069
247,130
225,989
101,092
493, 299 172, 961 199, 316 219, 281 225,180 230,424 274, 735
46, 488 53, 657 62, 820 69, 565 74, 708 63, 978 69, 453
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number..
Domestic
do
Passenger cars, total]:
do
Domestic?
do
Association of American Railroads:
Freight cars, end of month:
Number owned
thousands..
Undergoing or awaiting classified repairs..do
Percent of total on line
Orders, unfilled
cars..
Equipment manufacturers.
do
Railroad shops
do
Locomotives, end of month:
Steam, undergoing or awaiting classified repairs
number..
Percent of total on line
Orders unfilled:
Steam locomotives, total
number.
E quipment manufacturers
do
Railroad shops
do
Other locomotives, total*
do
Equipment manufacturers*
do
Railroad shops*
do
Exports of locomotives, total §
do
Steam§
do...
Other§
do...
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total.
Domestic.
Exports
number.
do...
do...
CANADIAN STATISTICS
Physical volume of business, adjusted:
Combined index!
1935-39=100.
Industrial production, combined indexf
do...
Construction f
do...
Electric power
do...
Manufacturing!
do...
Forestry!
do...
Miningf
do...
Distribution, combined indexf
do...
Agricultural marketings, adjusted:!
Combined index
do. _
Grain
do
Livestock
.do. _ _
Commodity prices:
Cost of living
do.._
Wholesale prices
1926=100.
Railways:
Carloadings
thous. of cars.
Revenue freight carried 1 mile
mil. of tons.
Passengers carried 1 mile
mil. of passengers.
191.4
199.0
441.1
155.6
190.7
146.9
143.5
175.9
184.3
189.6
302.6
166.5
186,9
143.2
155.8
173.4
178.9
179.4
204.0
164.5
181.4
128.0
158.7
178.0
180.3
181.1
237.0
168.2
181.2
143.2
155.3
178.6
178.1
175.5
178.6
164.3
180.6
149.0
158.9
183.4
173.3
172.5
186.9
155.2
179.0
150.9
147.7
175.0
179.0
184.2
284.3
155.3
185.5
156.5
146.1
168.1
181.3
180.2
197.7
154.0
191.5
157.3
138.7
183.6
186.7
180.2
183.0
158.3
192.2
158.6
141.6
200.2
194.2
187.5
185.7
173.5
196.8
160.0
158.1
208.2
66.0
54.3
117.0
128.9
120. 4
192.8
197.9
426.3
164.1
189.9
144.0
142.0
182.3
124.6
129.9
101.4
160.5
177.7
86.0
97.1
92.9
115.4
146.6
148.4
138.7
132.8
133.2
131.0
97.2
96.5
68.5
106.8
103.2
122.5
121.7
115.1
150. 5
108.2
98.1
152.2
134.7
140. 4
109. 5
120.1
105.6
120.8
108.2
122.0
108.6
123.6
109.1
125.1
109.5
125. 6
109.2
125.5
109.1
126.8
110.8
127.1
111.4
127.1
111.8
127.0
114.2
296
3,983
335
291
4,055
420
305
4,048
484
325
4,406
501
324
5,142
373
371
5, 467
292
349
5,267
279
295
4,814
341
302
4,156
367
302
' Revised, i Total for January-June for passenger cars and for January-March for commercial cars; monthly data not available.
tData for October 1945-January 1946 and April 1946 include converted troop kitchens and troop sleepers.
§Data continue series published in the 1942 Supplement, except that changes have been made in the classifications in some instances. Data for exports of "total locomotives" and
"other locomotives" were revised in the May 1946 Survey (see note in that issue); data through February 1945 for the revised series and for October 1941-February 1945 for the other
export series will be published later. In the factory sales data, coaches were formerly included with trucks and changes have been made in the classification of certain special type
vehicles, revised monthly figures for 1940-41 and annual totals for 1942-45 will be published later; the factory sales figures include certain types of vehicles (for example, half-tracks)
not included in the production figures above. Revised figures for new car registrations beginning 1940 for commercial cars and 1941 for passengers cars through March 1942 will also
be published; R. L. Polk Co., source of these data, did not report registrations for April 1942-December 1945.
*New series. See note in the September 1945 Survey for a description of the data for trucks and tractors; data beginning 1936 will be published later. Data beginning July 1945
for passenger car production are on p. S-40 of the September 1946 Survey; there was no production April 1942-June 1945. Data for unfilled orders of "other locomotives" are for class
I railroads and include electric, Diesel-electric, and Diesel; data beginning 1939 will be shown later. Data for truck trailers are from the Bureau of the Census and are industry totals;
annual total production for 1939-41 and monthly figures for 1942-45 will be published later.
f Revised series. The Canadian index of construction has been shown on a revised basis beginning in the August 1945 Survey, the mining index beginning in the April 1944 issue,
and the other indicated indexes beginning in the December 1942 issue; see note in the April 1946 Survey for the periods affected.
U. S , G O V E R N M E N T P R I N T I N G O F F I C E : 1 9 4 7
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
Pages marked S
Abrasive paper and cloth (coated)
37
Acids
_-_
_._
23
Advertising
6, 7
Agricultural income, marketings
1
Agricultural wages, loans
14,15
Air-line operations
21
Aircraft industry...
10,11,12,13, 14
Alcohol, denatured, ethyl, and methyl
23
Alcoholic beverages
1, 2, 26
Aluminum
32
Animal fats, greases
24, 25
Anthracite
_._
_-- 2,4,11,12, 13, 14,35
Apparel, wearing... 4, 6, 7,8,10,11,12, 13,14,38,39
Armed forces
9
Asphalt
37
Automobiles
1, 2, 6, 7,10,11,12,13,14,17
Banking
15
Barley
27
Barrels and drums.
32
Battery shipments.
34
Beef and veal.
_
28
Beverages, alcoholic
1, 2, 26
Bituminous coal
2,4,11, 12,13,14,35,36
Boilers
_
33
Bonds, issues, prices, sales, yields
18,19
Book publication
35
Brass
32
Brick
4,37
Brokers' loans
15,18
Building contracts awarded
5.
Building costs
5, 6
Building construction (see Construction).
Building materials, prices, retail trade
4, 7, 8, 9
Businesses operating and business torn-over__
3
Butter.
_
26
Canadian statistics
16,17,40
Candy
28
Cans, metal
32
Capital
flotations
18
For productive uses
18
Carloadings
22
Cattle and calves
27,28
Cellulose plastic products
25
Cement
1,2,4,37
Cereal and bakery products
4
Chain-store sales
8
Cheese
___
_
26
Chemicals
_-_ 1,2,3,4, 10, 11, 13, 14,17,23
Cigars and cigarettes
29
Civil-service employees
11
Clay products (see also Stone, clay, etc.)
1, 2, 37
Clothing
__. 4,6,7,8,10,11,12,13, 14,38
Coal
2,4, 11, 12, 13, 14,35,36
Cocoa
Coffee
Coke__
Commercial and industriel failures
Construction:
New construction, dollar value
Contracts awarded
Costs
Dwelling units started
Highway
Employment, wage rates, earnings, hours
28
28
2,36
3
5
5
5,6
5
5, 11
9,
11,12,14
Consumer credit
15, 16
Consumer expenditures, consumers'price index. 4, 7
Copper
32,33
Copra and coconut oil
24
Corn._.__
__
27
Cost-of-Hving index. (See Consumers' price
index).
4
Cotton, raw, and manufactures
2,
4,10, 11,12,13,14,38,39
Cottonseed, cake and meal, oil
24
Cranes, electric overhead
33
Crops.
_
_-_
1, 24, 26, 27
Currency in circulation
17
Dairy products
1, 2,3,4, 26
Debits, bank
_.
15
Debt, short-term, consumer
15, 16
Debt, United States Government
17
Department stores, sales, stocks, collections- _ 7, 8, 9
Deposits, bank
15,17
Disputes, industrial
12
Distilled spirits
26
Dividend payments and rates
1, 19
Drug store sales
7, 8
Dwelling units started
5
Earnings, weekly and hourly
.
13,14
Eggs and chickens
.
I, 3, 4, 28
Electrical equipment
2,3,7,34
Electric power production, sales, revenues
25
Employment estimates
9,10
Employment indexes:
Factory, by industries
10,11
Nonmanufacturing industries
11
Employment security operations
12
Emigration and immigration
22
Engineering construction
5
Exchange rates, foreign
16
Expenditures, United States Government
17
Explosives
23
Exports (see also individual commodities)
20, 21
Factory, employment, pay rolls, hours, wages.
9,
10,11, 12,13,14
Failures, industrial and commercial
3
Fatrchild's retail
index
4
price income
Farm marketings and
1
Farm wages
14
http://fraser.stlouisfed.org/
Farm products, farm, and wholesale prices
3, 4
Federal Reserve Bank of St. Louis
Pages marked S
Federal Government,
finance
17,18
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
15
Fertilizers
4,23
Fire losses
6
Fish oils and
fish
24,28
Flaxseed
24
Flooring
30
Flour, wheat.
.
27
Food products
2,
3, 4, 7,10,11,12, 13, 14,17, 26, 27, 28,29
Footwear
_ . 2,4,7,8,10,12,13,14,30
Foreclosures, real estate
6
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes and
commodity groups
20, 21
Foundry equipment
33
Freight cars (equipment)
40
Freight carloadings, cars, indexes
22
Freight-car surplus and shortage
22
Fruits and vegetables
2,3,4, 26
Fuel equipment and heating apparatus
33
Fuels
2,4,35,36,37
Furnaces
33,34
Furniture
1,4,10,11,12,13,31
25
Gas, customers, sales, revenues
36
Gas and fuel oils
36
Gasoline
38
Glass and glassware (see also Stone, clay, etc.)23
Gelatin
30
Gloves and mittens
23
Glycerin
16
Gold
Goods in warehouses
Grains
Gypsum
Heating and ventilating equipment
..
33
4,29
Hides and skins
5,11
Highways
27,28
Hogs
6
Home-loan banks, loans outstanding
6
Home mortgages
4,38
Hosiery
Hotels
—
11, 13,22
11,12
Hours of work per week
Housefurnishings
4,
Housing
'
22
Immigration and emigration
20,21
Imports
Income payments
17
Income-tax receipts
.
3
Incorporations, business, new
1,2
Industrial production indexes
15,16
Instalment loans
Instalment sales, department stores
8,9
Insurance, life
16
Interest and money rates
15
Inventories, manufacturers' and trade
3.8
Iron and steel, crude and manufactures
2,4,9, 10, 11, 12, 13,17, 31,32
Kerosene
37
Labor force
9
Labor disputes, turn-over
12
Lamb and mutton
28
28
Lard
Lead_
33
Leather and products
2, 4,10, 11, 12,13, 29,30
Linseed oil, cake, and meal
24
Livestock
1,3,27,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
6,15,18
Locomotives
40
Looms, woolen, activity
39
Lubricants
37
Lumber
1, 2,4, 10, 11, 12, 13,30,31
Machine activity, cotton, wool
39
Machine tools
10, 11, 12,13,33
Machinery
1, 2,10, 11, 12, 13,17,34
Magazine advertising
7
Mail order houses, sales
8,9
Manufacturers' orders, shipments, inventories..
2, 3
Manufacturing production indexes
1, 2
Meats and meat packing. _ 1, 2, 3, 4, 10, 12,13,14, 28
Metals
1,4,10,11,12,13,17,32,33
Methanol
23
Milk.
26
Minerals
*--2, 10, II, 12,14
Money supply
17
Mortgage loans
6,15
Motor fuel
..
36
Motor vehicles
7,40
Motors, electrical
34
Newspaper advertising
6,7
Newsprint
35
New York Stock Exchange
..
19
Oats
27
Oil burners
33
Oils and fate
4, 24, 25
Oleomargarine
25
Operating businesses and business turn-over
3
Orders, new, manufacturers'
2
4
Paint and paint materials
4,25
Paper and pulp
2, 3,4,10,11,13,14,35
Paper products
35
Passports issued
22
Pay rolls, manufacturing and nonmanufacturing industries
- 12,13
Petroleum and products
2,
Pages marked 3
Pig iron
Plant and equipi at expenditu
"IIIZIII 3
31
Plywood . . . . . . _ . . . . - . . - . - . . - . .
32
Porcelain enameled products.
28
Pock....._..._..•_«._........
Portal business
15
Portal savings
Poultry and eggs..
1,3,28
Prices (see also individual commodities):
4
Consumers* price index
3
Received and paid by farmers.
Retail price indexes
...
4
Wholesale price indexes
;i3,14,35
Profits, corporation....... . . . . . . . . .
14
Public assistance.
Public utilities
4,5,11,12,13,14,17,18,19,20
Pullma :ompaay.
22
34
Pulpwood
34
Pumps..
Purchase 8P
r of the dollar..
39
Pyroxylin coated fabrics..
Radio advertising
~
6
Railways, operations, equipment,financialstatistics, employment, wages.••
.—......
11,
• • * * # • 1 2 , U , 14,17,18,19,20,22,40
Railways, street free Street railways, etc.).
Rayon, and rayon manufactures- 2,4,10,12,13,14.39
Receipts, United States Government
-.
17
Reconstruction Finance Corporation, loans...
18
Rents (housing), index
.
----—...
4
Retail trade, all retail stores, chain stores,
department stores, mail order, rural sales.
Rice
Roofing, asphalt
Rosin and turpentine
....
Rubber, natural, synthetic and reclaimed,
tires, and tubes
—
.......
Rubber industry, production index, employment, pay rolls, hours, earnings—.
.—
27
37
24
37
2*,
3,10,12,13,14
Savings deposits
... .—...
15
Sewer pipe, clay
.-.——37
Sewing machines
34
Sheep and lambs—
— - 27,28
Shipbuilding
10,11,12,13,14
Shipments, manufacturers' .
--—---*
Show-.—
2,4,7,8,10,12,13,14,30
Shortenings
25
Silver
.,
JJ
Skins
;
----29
Slaughtering and meat packing- 2,10,12,13,14,27,28
Soybeans, and soybean oil
24,25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32
SteeL scrap
. . . . . . 31,32
Stocks, department stores (see also Manufacturers* inventories)
"
Stocks, issues, prices, sales, yields.
19,20
Stokers, mechanical........
.—.........
34
Stone, clay, and glass products
*#
2,10,11,12,13,14,37,38
Stoves
33
Street railways and busses
11,12,14
Sugar
28,29
Sulphur
23
Sulfuric acid
23
Superphosphate
--«.23
Tea
29
Telephone, telegraph, cable, and radio-telegraph carriers
11,12,14,17,22
Textiles
2,3,4,10,11,12,13,14,38,39
Tile
__
-38
Tin
33
Tires and inner tubes
........
37
Tobacco
2*10,11,13,14,29
Tools, machJnV-7.::
10,11,12,13,14,33
Trade, retail and wholesale
7,8,9,11,13,14
Transit lines, local
m 21
Transportation, commodity and passenger.— 21,23
Transportation equipment
*.
2,9,10,11,12,13,14,17.40
Travel
21,22
Truck trailers
—
jj
Trucks and tractors
.....
-—
*•
Turpentine and rosin.
.—.
24
Unemployment
—
•
United States Government bonds
17,18,19
United States Government,
finance
17,18
Utilities
4,5,9,12,13,14,17,18,19,20
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign t r a d e . . .
Veterans' unemployment allowances...
w
" 7,8
24,25
2,3,4,26
22
*%f 12
13,14
Wages, factory and miscellaneous
War expenditures
.
...
War Savings Bonds
Warehouses, space occupied..
wr8ter heaters.. . . . . . . . . . . . . . . . . . . . . . . . . . .
33
Water transportation, employment, pay rolls.. 11,13
Wheat and wheat
flour...
--.27
Wholesale price indexes
•
4
Wholesale trade..
1
—
9
Wood pulp
4,34
Wool and wool manufactures.. 2,4,10,12,13,14,39
:::::: if
««-
33
ru IIKeports
a
1
OFFICE OF DOMESTIC COMMERCE
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HERE'S WHAT THEY TELL:
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3.
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•. •
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•
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When issued
Monthly
Quarterly
Quarterly
Monthly
Monthly
Quarterly
Bimonthlv
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