Full text of Survey of Current Business : May 1950
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MAY
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1950
DEPARTMENT OF COMMERCE
FIELD SERVICE
SURVEY
OF CURRENT BUSINESS
No. 5
MAY 1950
PAGE
THE BUSINESS SITUATION
I
National Income and Product in the First Quarter of
1950
4
*
if
*
Memphis 3, Tenn.
229 Federal Bid*.
Atlanta 1, Ga.
50 Whitehall St. SW.
Miami 32, Fla.
36 NE. First St.
Baltimore 2, Md.
103 S. Gay St.
Milwaukee 1, Wia.
517 E. Wisconsin Ave.
Boston 9, Maes.
2 India St.
Minneapolis 1, Minn.
2d Ave. S. at 4th St.
Buffalo 3, N. Y.
117 Ellicott St.
Mobile, Ala.
109-13 St. Joseph St.
Butte, Mont.
14 W. Granite St,
New Orleans 12, La.
333 St. Charles Ave.
Charleston 3, S. C.
18 Broad St.
New York 4, N. Y.
42 Broadway
Cheyenne, Wyo.
206 Federal Office Bldg;
Oklahoma City 2. Okla.
102 NW. Third St.
Chicago 4, 111.
332 S. Michigan Ar«.
Omaha 2, Nebr.
1319 Farnam St.
Cincinnati 2, Ohio
105 W. Fourth St.
Philadelphia 6, Pa.
437 Chestnut St.
Cleveland 14, Ohio
925 Euclid Aye.
SPECIAL ARTICLES
The Demand for Furniture
The Size Distribution of the Postwar Business Population
*
*
8
Dallas 2, Tex.
1114 Commerce St.
12
Denver 2, Colo.
828 Seventeenth St.
Detroit 26, Mich.
230 W. Fort St.
*
MONTHLY BUSINESS STATISTICS . . . . S-l to S-40
New or Revised Statistical Series
Statistical Index
Albuquerque, N. Mex.
203 W. Gold Ave.
21
Inside Back Cover
Published by the Department of Commerce, C H A R L E S S A W Y E R ,
Secretary. Office of Business Economics, M. JOSEPH ME EH AN,
Director. Subscription price, including weekly statistical supplement, $3 a
year; Foreign $4. Single copy 25 cents. Send remittances to any Department of Commerce Field Office or to the Superintendent of Documents,
United States Government Printing Office, Washington 25, D. C. Special
subscription arrangements, including changes of address, should be made
directly with the Superintendent of Documents. Make checks payable to
Treasury of the United States.
Phoenix 8, Ariz.
234 N. Central AT«.
Pittsburgh 19, Pa.
700 Grant St.
Portland 4, Oreg.
520 SW. Morrison St.
Providence 3, R. I.
24 Weybossett St.
El Paso 7, Tex.
206 U. S. Court House
Bldg.
Reno, Nev.
118 W. Second St.
Hartford 1, Conn.
135 High St.
Richmond 19, Va.
801 E. Broad St.
Houston 14, Tex.
602 Federal Office Bldf.
St. Louia 1, Mo.
1114 Market St.
Jacksonville 1, Fla.
311 W. Monroe St.
Salt Lake City 1, Utah
350 S. Main St.
Kansas City 6, Mo.
911 Walnut St.
San Francisco 11, Calif.
555 Battery St,
Los Angeles 12, Calif.
312 North Spring St.
Savannah, Ga.
125-29 Bull St.
Louisville 2, Ky.
631 Federal Bldg.
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
devoted to U. S. Government
Contents are not copyrighted and may be freely reprinted.
MAY 1950
THE
Expanded income lifted retail trade
in the first quarter
(RATIO SCALE)
BILLIONS OF DOLLARS
250
(RATIO SCALE)
BILLIONS OF DOLLARS
250
200
200 -
SITUATION
TOTAL RETAIL
TRADE U *
100
I
I
By the Office of Business Economics
I I I I I
JL HE rising volume of business activity, reflected in a 3
percent increase in the gross national product in the first
quarter of the year, was extended into April. Total personal
incomes were down
from the March high point as disbursement of veterans7 dividends dwindled, but incomes generated
by current productive services were expanding. The upward movement in consumer spending continued, with retail
trade registering a further gain in April over the high volume
reached in the first quarter, shown in the chart.
Industry generally extended the scale of operations. In
March new orders on the books of manufacturers established
a new postwar peak, moving up more sharply than the rising
volume of shipments, with a consequent increase in backlogs.
These gains, which were reflected in the continued rise in
output and employment in April, were most pronounced for
durable goods. The more than seasonal improvement in job
opportunities resulted in a significant decline in employment.
100
with substantial gains in sales of most
durable-goods stores
30
AUTOMOTIVE
20
FURNITURE AND
HOUSEFURNISHINGS
Higher production
BUILDING MATERIALS
AND HARDWARE
10
HOUSEHOLD APPLIANCES
AND RADIOS
9
I
I
\
I I
I
and somewhat higher activity in most nondurable
goods stores, except general merchandise.
35
FOOD*
30
20
GENERAL
MERCHANDISE
OTHER NONDURABLES
20
APPAREL
EATING AND
DRINKING PLACES
10
Automobile production rose 10 percent during the month
and with the end of the work stoppage in the plants of a
major producer, there was a further substantial gain in early
May. Output of most other consumer durables and building materials also moved higher or held to previous nearcapacity rates. As a result of the expanding requirements
of consuming industries, steel production reached an annual
rate of over 99 million tons of ingots by the end of April,
topping its previous peak of March 1949. The principal
exceptions to the general rule of stability or further expansion were textiles, for which demand has been lagging, and
coal. Output of coal dropped by about 13 percent from
the abnormally high rate in March, when industrial consumers were replenishing stocks cut by the work stoppage
in this industry.
The general rise in demand was reflected in some price
advances. Increases, however, were confined to the most
sensitive market prices—scrap steel, the nonferrous metals,
rubber, heavy fuel oil, and some farm prices, and to a few of
the products, such as glass, carpets, and refrigerators, affected
by the current building boom and by the related heavy
consumer purchases of durable goods and furnishings. The
over-all wholesale price index, which has been nearly stable
since the summer of last year, was up in April by less than 1
percent. Consumer prices in March were fractionally higher.
9
Retail sales advance
8
10
I
I
1948
1949
I960
1948
1949
I960
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
J DATA INCLUDE JEWELRY STORES NOT SHOWN SEPARATELY IN THE CHART.
;
I. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Digitized 885501°—50
for FRASER1
50-186
The rise in consumer spending through the early spring of
this year affected nearly all retail lines. Sales of automobiles
in March were running at about 16 percent above the same
period of last year. For building materials, household appliances, and furniture and housefurnishings the gains over
a year ago were from 10 to 27 percent. For nondurable-goods
1
SUEVEY OF CURRENT BUSINESS
stores other than the apparel and general merchandise
groups there was also an advance, though the improvement
over a year ago was slight., Aggregate sales in all retail stores
in the first quarter of the year were moderately above the
previous peak period—the third quarter of 1948—in dollar
value and more than 5 percent higher in terms of the physical
volume of trade.
Apparel and general merchandise
relatively weak
In this general setting of rising demand there were two
areas of relative weakness—apparel stores, for which sales
were virtually unchanged from the fourth quarter of 1949,
after seasonal adjustment, and general merchandise stores,
for which there was a slight decline. The less favorable
trends of trade in these two groups are, of course, related.
Detailed analysis of department store sales—the weakest
element in the general merchandise group—demonstrates
that the largest declines occurred for apparel—especially
women's—and in piece goods. Sales of furniture and bedding, appliances and television, and television-radio-phonograph combination sets were far above the level of a year
ago, as shown for the latest dates for which detailed breakdowns are available in table 1. Because of the importance
of soft goods in the total volume, however, the dollar value
of department store sales in April, despite a slight gain from
March, was 7 percent below its peak of 1948.
From the standpoint of business purchasing it is significant
that at the start of the year the expectations were for a
higher volume of sales in virtually all lines—particularly in
the light of the prospective $2.8 billion insurance dividend
payments to veterans. This was evidenced by the prompt
rise in manufacturers' new orders, output and shipments
early in the year. The disparity between expectations and
actual developments in the general merchandise and apparel
groups is suggested by the tabulation below which compares
recent changes in stock-sales ratios for selected types of
stores:
Item
Percent inPercent increase in sales
in stocks
fourth quarter crease
Dec.
31, 1949 to
1949 to first
Mar.
31, 1950
quarter 1950
May 1950
Continued Rise in Construction Activity
The pace of economic activity in general during the first
4 months of the year was stimulated by the continued advance in the volume of construction. In April the value of
all building by both private and public sources was onefourth above last year and—when rough correction is made
for prices—represents a level of physical activity about as
great as the previous peaks reached in the late 1920's.
The most important element in the current advance has
been resumption of the boom ir private residential housing,
as illustrated in the following tabulation:
Percent Change in New Construction, at Seasonally Adjusted Annual
Rates
To January-April 1950 average
from
Item
1948
Total new construction
Total private
Residential
Industrial
Other
Total public
_ _
_ _
_ __ _ ___ .
+17.0
+12.1
+29.9
-38.8
+2.5
+34.0
_ _ _ _ _
4.0
10.1
14.8
4.4
3.8
1.1
1.2
.7
-1.1
1.9
Stock-sales ratios
Table 1.—Change in Department Store Sales by Departments
Fourth
quarter
1949
First
quarter
1950
3.5
2.8
-1.2
1.29
1.53
.93
1.28
1.43
.80
6.2
5.1
2.27
1.91
5.13
1.18
2.39
2.10
.75
2.31
1.94
5.06
1.21
2.49
2.33
.76
-.4
3.9
4.1
4.4
3.4
There was little change in the ratio of inventories to sales
in housefurnishings or in building materials and hardware,
where stocks in general moved up closely in line with sales.
There was likewise little change in the ratio for the nondurable-goods stores group, apart from apparel and general
merchandise. The sharp decline in the stock-sales ratio for
the automotive group reflected primarily the restriction on
the volume of manufacturers' shipments resulting from the
strike in the plants of a major producer. On the other hand,
in the apparel and general merchandise groups, stock-sales
ratios rose substantially, suggesting that orders to manufacturers in the early months of this year may have been predicated upon a materiaUy larger volume of sales than were
eventually realized.
+13.7
+16.1
+33.6
-12.2
+.5
+7.1
After weakening in the first half of 1949, residential construction turned upward in late summer and rose at an
accelerated pace through the spring of this year. Underlying this upswing was a complex of factors including the
many intangibles which affect the psychology of prospective
home-owners as well as builders. Thus, it appears that
hopes for lower prices waned as 1949 wore on and fewer
purchases were deferred for this reason. Some evidence of
this is provided by the survey of consumers' purchases and
anticipations sponsored by the Federal Reserve Board. Also
contributing to the rising volume of activity was the expanding range of assistance provided directly by the Federal
Government for home construction.
January-February 1948 average to January-February 1950 average
January-February 1949 average to January-February 1950 average
Percent change
-7.2
Percent change
-3.1
—13 4
-12.0
—17.7
—10 3
-12.3
—13 7
-15.7
—10 3
—6.7
—13 5
—5 2
—15 1
— 12 7
—9 9
-8.0
-5.1
—12 2
—5 3
—4.5
—5 3
Piece goods and household textilesPiece goods
Household textiles
-13.2
—34 4
+2.5
—12.1
—25 9
—3.7
Small wares
Miscellaneous merchandise departments
Toys, games, sporting goods, cameras
Luggage
—4.0
-12.3
-15.4
—6.1
—4 6
—5.6
—3.0
—10 4
+4.8
+14. 5
-9.9
-23.5
+159. 0
+10.2
+11.9
-2.3
+17.4
+121. 0
Item
Total retail sales
Durable goods _ _ _
Automotive
Building materials and hardware
Housefurnishings
Jewelry
Nondurable goods
Apparel
General merchandise
Allother.
1949
Total i
_
-
Women's apparel, accessories
Women's accessories
Underwear, slips, and negligeesInfants' wear
Women's, misses' coats and suits— __
Women's and misses' dresses
Girls' wear ™
_
Men's and boys' wear
Men's clothing
Boys' wear
HousefurTi ish in gs
Furniture and bedding
Domestic floor coverings
Major household appliances _
Radios, phonographs, televisions. _
_ _
_ _
_
__
i Unadjusted for number of trading days to provide comparability with detailed departmental data. Includes some departments not shown separately.
Sources: Board of Governors of the Federal Reserve System and U. S. Department of
Commerce, Office of Business Economics.
SUEVEY OF CUERENT BUSINESS
May 1950
Expanding Government support
The magnitude of Federal Government assistance, in
relation to the total number of new one-family homes sold
in 1949 and the first quarter of 1950 is depicted in chart 2.
It should be noted that one-family homes have accounted in
recent periods for considerably more than 80 percent of the
value of total residential construction. Of all one-family
home sales in the first quarter of 1950, more than 40 percent7
were financed under programs of either the Veterans
Administration or the Federal Housing Administration.
It is significant that in the second quarter of last year the
activities of these agencies provided support in a generally
declining market; Government-assisted sales in this period
dropped much less than the total—accounting for almost 50
percent of all sales. Since the second quarter of last year,
the volume of purchases financed under the programs of
these agencies have expanded steadily.
More low-cost housing
One important reason for the expansion in residential
building has been the increasing proportion of total activity
devoted to low-cost homes. Though data on this subject
are not available for the market as a whole, the breakdown
of sales to veterans (through loans guaranteed by the VA),
by price of house, given in table 2, is of significance in this
connection. From the first quarter of 1949 to the first 2
months of 1950 the proportion of houses priced at less than
$10,000 rose steadily from less than 65 percent to more than
75 percent. While in the early period, sales tended to concentrate in the $10,000 to $12,000 group, the point of concentration this year has been in residences selling at from
$8,000 to $9,000. In general, purchases by veterans are
at a lower price level than for the population as a whole,
but the direction of the trend shown in table 2 may be taken
as an indicator of the movement in the national average.
Assistance along these lines to nonveterans is provided by
FHA, although privileges are in all respects more limited.
In addition, this agency insures repayment of specific percentages of housing loans ranging up to 95 percent of value
in the case of certain low-cost homes.
Liberalized provisions of 1950 Housing Act
Further support for private residential building has been
given in the provisions of the Housing Act of 1950, which
became effective on April 20. This act revised existing
veteran regulations by (1) increasing the percentage of the
loan guaranteed by the Veterans' Administration from 50 to*
60 percent with the dollar ceiling raised from $4,000 to
$7,500 for veterans who have not previously used their
guarantee entitlement; (2) increasing the maximum period
of amortization from 25 to 30 years; and (3) authorizing
after July 20, 1950, loans up to $10,000 at 4 percent for not
more than 30 years. The act also ordered termination of
combination FHA-VA loans by December 31, 1950; such
loans, for which average interest costs ordinarily exceeded
the 4 percent minimum, were subsequently terminated by
the VA as o'f October 20, 1950.
Chart 2.—Total Sales and Government Underwritten
Sales of New Private One-Family Dwelling Units
THOUSANDS OF UNITS
250
200
TOTAL SALES U
150
100
Table 2.—Purchase Price Distribution of New and Proposed Construction Home Loans Guaranteed by Veterans' Administration
SALES UNDERWRITTEN
1949
Item
First
quarter
Second
quarter
Third
quarter
Fourth
quarter
BY
50
1950 i
First
quarter
V. A. AND F. H. A.ZJ
® ESTIMATED
I
Total units _ _ _
35, 449
34,298
40, 514
53, 166
1949
46,342
1950
QUARTERLY TOTALS
Percent of units
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
50-179
1
Less than $5,000
$5,000-$5,999
$6,000-$6,999
$7,000-$7,999
$8,000-$8,999
$9,000-$9,999
—
$10,000-311,999
$12,000-$14,999 __
$15,000-$19,999
$20 000 and over
Under $10.000
Over $10 000
Total
_
3.7
2.8
6.9
11.5
18.7
19.9
3.8
2.9
9.2
13.9
19.0
18.5
2.7
3.1
12.2
18.5
19.8
16.5
2.1
3.7
13.5
19.7
20.6
15.7
1.5
2.9
11.8
22.4
22.9
16.2
22.2
9.8
3.5
1.0
19.9
8.5
3.3
1.0
16.8
7.1
2.5
.8
15.8
6.1
2.2
.6
14.3
5.5
2.1
.4
63.5
36.5
67.3
32.7
72.8
27.2
75.3
24.7
77.7
22.3
100.0
100.0
100.0
100.0
100.0
i Estimated on basis of January and February data.
Source: Veterans' Administration.
Types of Government aid for home-ownership
The impact of the Veterans'Administration program upon
the demand for housing is exerted both through a substantial
reduction in the cash required of prospective home-owners as
well as in the size of carrying charges.
On the average the
down payment under the veterans7 program is less than half
of that otherwise required, and in many cases purchases have
been made without down payments. Carrying charges are
reduced by provision of a lower interest rate—4 percent as
against from 4% to 5% percent for comparable properties in
the open market—and by longer periods of amortization.
Total sales are the number of new permanent nonfarm private one-family dwelling units
started (B. L. S. series) lagged 5 months.
' Consists of new dwelling units insured under Federal Housing Administration programs
(class 3, sec. 203, and sec. 603), plus units included in new and proposed construction loans
guaranteed by Veterans' Administration, adjusted to eliminate duplication of units underwritten by both agencies. Data include a negligible number of units in two- to four-family
dwelling units.
Sources of data: TJ. S. Department of Commerce, Office of Business Economics, based upon
data from U. S. Department of Labor, Bureau of Labor Statisticsf Veterans' Administration,,
and Federal Housing Administration.
Other provisions of the act in general liberalized or continued with some modification existing programs for the
assistance of nonveteran as well as veteran building. Most
important of these were the authorization of an additional
$2.5 billion for insuring loans for the purchase of houses,
some expansion in insurance authorization for modernization and repair, extension of the range of cases for which
such types of assistance are available, authorization of an
additional $250 million for mortgage purchases by Federal
National Mortgage Association and of $300 million for
direct loans for student and faculty housing to educational
institutions through the Housing and Home Finance Agency.
Although section 608 of the National Housing act—which
provided financial assistance for rental housing—was not
extended, an additional $500 million of insuring authority
was provided for applications filed on or before March 1,1950,
under that section, and alternative provisions for financing;
such construction after that date were liberalized.
SUEVEY OF CURRENT BUSINESS
May 1950
National Income and Product in the First Quarter of 1950
GROSS national product—the market value of the Nation's
production of goods and services—rose at seasonally adjusted
annual rates by $7 billion, to $264 billion, from the final
quarter of last year to the first quarter of 1950 (chart 3).
The increase followed a stabilization of output in the latter
half of 1949, and contrasted sharply with declining trends in
evidence a year ago.
National income, which measures national output in terms
of earnings arising from current production, also appears to
have risen by a substantial amount, although absence of adequate corporate profits data for the first quarter makes an
estimate impossible at this time.
Personal income—the income receipts of persons from all
sources—was at an annual rate of $220 billion in the first
quarter, as compared with $209 billion in the preceding
period. The large refund of insurance premiums to veterans
by the Federal Government accounted for the unusual size
of the quarterly gain. There was an increase of $2 billion,
however, in the basic income flow apart from this temporary
disbursement.
Production trends upward
During the quarter national production, which had been
lagging behind final demand for three quarters, more than
caught up, leaving a margin for inventory accumulation.
This was in marked contrast to the immediately preceding
quarters when a liquidation of business inventories supplemented current production in satisfying final demand.
This shift in the ratio of production to final purchases had
been foreshadowed, even during the 1949 downturn, by the
marked stability of total purchases exclusive of inventory
investment. While reduced business buying—with enlargement of inventories no longer required—seriously affected
production and employment, especially in the manufacturing
industries, its effects on the flow of consumer incomes were
mitigated by such factors as tax reductions, increases in
unemployment insurance benefits, and the maintenance of
corporate dividend payments. Consumption expenditures
remained virtually constant throughout 1949, and changes in
other components of final demand were offsetting. It
became apparent that continuance of inventory liquidations,
at a time when stocks were not unduly excessive in relation to
current sales, was inconsistent with this maintenance of
aggregate final demand.
There ensued a restoration of business confidence in the
outlook for sales and a resumption of business buying shortly
after midyear. Industrial prices firmed. Despite the effects
of major labor-management disputes, the economic situation
during the balance of the year was one of essential stability.
During the first quarter of 1950, recovery forces gathered
strength. Consumer
demand, already strong, was bolstered
by the veterans7 insurance payments. The downtrend in
fixed business investment was arrested, and the homebuilding
boom continued. New orders placed with manufacturers
exceeded those of any recent quarter, and unfilled orders
increased. In response to this firming of current demand,
production was stepped up, even though strikes in important
industries again impeded operations.
Thus all major segments of private domestic demand for
the Nation's output shared in the first-quarter increase of
gross national product. The only declining elements were
Federal Government buying and net foreign purchases.
The developments summarized above are discussed more
fully in the following review of the product and income flows.
Demand for Gross National Product
CONSUMER PURCHASES
INCREASE
Personal consumption expenditures, after a year of virtual
stability, advanced appreciably in the first quarter of
1950. At a seasonally adjusted annual rate of $183 billion,
they were $3 billion above the final quarter of last year, and
by a lesser margin exceeded even the high rates recorded in
the closing months of 1948. With consumers' prices varying
little on the average, the first-quarter rise in consumption
appears to have been at least as large in real terms as in dollar
value.
Foremost among the factors underlying this increase of
consumer demand was an extraordinary quarterly spurt in
disposable personal income, which rose by $10% billion to an
annual rate of $201 billion in the first quarter of 1950.^ Primarily, the increase reflected rapid disbursement, beginning
in mid-January, of special dividends to veterans holding
National Service Life Insurance policies. This part of the
rise has to be discounted somewhat, because of the nonrecurrent character of the dividends. It is significant, however, that there was also an increment of about $2 billion
representing higher wage and salary receipts and larger incomes from unincorporated business and farming. The influence of these expanded earnings upon consumer spending
was probably far greater per dollar of income than that of the
insurance dividends.
Chart 3.—Gross National Product
BILLIONS OF DOLLARS
300
250
GOVERNMENT PURCHASES
T FOREIGN INVESTMENT
200
150
100
50
(947
1948
1949
1950
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
5Q-I82
Source of data: U. S. Department of Commerce, Office of Business Economics.
Effects of insurance refund
The effects of the special dividend payments cannot be
identified with precision, but it is evident that through
March only a fraction of the payments had entered the
current spending stream. This accords with prior exper-
May 1950
SUKVEY OF CURKENT BUSINESS
ience in connection with two roughly analogous disbursements—the cashing of Adjusted Service Bonds in 1936 and
of Armed Forces Leave Bonds in 1947. In neither instance
was there a concentration of consumption expenditures proportionate to the heavy initial disbursements to veterans,
although steadily rising consumer purchases in both years
were in part attributable to these payments.
While the impact of N. S. L. I. payments in the first
quarter—and even earlier, to the extent that purchases
were made in anticipation of the dividends—was by no
means inconsiderable, these precedents suggest that additional effects upon consumption expenditures remained to
be felt during the second and subsequent quarters of 1950.
These effects, of course, will fall short of total dividend disbursements because part of them will be indefinitely saved.
Durable goods strong
Analysis of the pattern of gains in retail trade suggests at
least two other factors, somewhat independent of recent
income developments, underlying the advance in consumer
expenditures this year. These are the residential building
boom and the continued high demand for automobiles.
Their combined influence accounted for a substantial share
of the advance in consumption expenditures, and, more
particularly, for the proportionately better showing of durable goods than of nondurables.
Consumption expenditures for durable goods rose by
nearly 7 percent from the fourth to the first quarter, on
a seasonally adjusted basis. Automobiles contributed materially to the increase, despite a strike in the plants of a
major producer. Larger gains, however, appeared among
types of merchandise strongly affected by the sharp rise in
building activity since the spring of 1949. Furniture and
homefurnishings, refrigerators, washing machines, ranges,
and other household appliances all fall in this category. It
is noteworthy that sales of most such goods had been sagging
last year until after the upturn in residential construction.
Purchases of nondurables up slightly
Consumer purchases of nondurables, which stabilized
toward the end of 1949 after falling during most of the year,
recovered moderately in the first quarter of 1950. Most
major classes of nondurable goods, with the exception of
clothing, shared in the advance. Food sales accounted for
about half of the combined rise for all groups showing
increases, although greater percentage gains were reported
for several smaller categories, including gasoline and oil
and nondurable housefurnishings. The shift towards home
consumption of food observable last year apparently continued, as grocery store sales expanded proportionately more
than those of public eating and drinking places.
The exception to generally favorable trends which has
been noted in the case of apparel was particularly pronounced
in women's clothing and accessories, as Easter sales
apparently fell somewhat short of expectations. Over-all,
\owever, the decline in clothing outlays was moderate.
Consumer expenditures for services continued to increase
at about the rate which prevailed last year. As in the
recent past, gradually rising costs of housing and household
operation, including the imputed rental value of owneroccupied homes, dominated the advance.
DOMESTIC INVESTMENT RECOVERS
The strength of domestic investment demand in the first
quarter contrasted sharply with its downtrend during most
of last year. Total private gross capital formation, at an
annual rate of $41 billion, was $7 billion higher than in the
closing quarter of 1949.
In the main, this upturn resulted from reversal of the
inventory liquidations which had characterized the three
previous quarters, together with continued expansion of
homebuilding. Also important qualitatively, however, was
an arrest of the decline which persisted throughout last year
in business outlays for plant and equipment.
Residential construction surge continues
The first quarter of 1950 was the third consecutive period
in which the value of residential construction put in place
has advanced by well over $1 billion, at annual rates. This
impressive expansion carried homebuilding activity to a level
far in excess of that prevailing in the corresponding quarter
last year, and the exceptional pace of new housing starts
through March presages continued strength in this segment
of the economy for at least the next few months.
Improved financing opportunities and successful tapping
of unsatisfied housing demand by the building industry
through shifts toward less expensive types of dwellings appear to have been important factors both in the initiation and
the sustention of the residential construction boom. The
improved financing opportunities included provision of an
expanding secondary mortgage market by the Federal Government. These factors are discussed more fully elsewhere
in this issue of the SURVEY.
Plant and equipment installations steady
Business investment in new plant facilities and durable
equipment firmed in the first quarter after falling steadily
last year. Industrial building, which had accounted for
most of the decline in plant expansion, recovered somewhat
from the fourth-quarter low; and commercial building, already stabilizing before the turn of the year, also advanced
slightly. There was little change in the volume of public
utility construction.
Purchases of producers' durable equipment, at an annual
rate of over $19 billion in the first quarter, were about $%
billion greater than in the previous quarter. Primarily responsible for this interruption of an extended downtrend
was a strengthening of demand for industrial machinery,
especially by automobile manufacturers. Investment programs differed widely among other manufacturing industries,
but on balance their demand showed less strength than that
of the auto industry. Agricultural machinery and tractors
were also purchased in larger volume—a reversal of the
weakening farm equipment demand evidenced during 1949.
The weakest segment of equipment purchases in the first
quarter was in the transportation field, where a decline in
freight car deliveries was especially marked.
Inventory shift
Business inventories increased by about $1% billion at
annual rates in the first quarter, as a sizeable increment in
nonfarm stocks was partly offset by a reduction of farm
holdings.
The shift thus reflected, from inventory liquidation at
the rate of $3% billion annually in the previous quarter,
constituted the largest single element of increase in gross
national product. It was associated with the expansion of
industrial activity in the first three months of 1950, after
three successive quarters in which production had fallen
short of aggregate demand, with resultant drawing-down of
inventories.
The first-quarter increase of nonfarm stocks was fairly
general. However, there was considerable divergence among
major industrial groups in the degree of inventory accumulation. The largest absolute increase occurred in retail
trade, where fourth-quarter liquidations had been primarily
concentrated. Manufacturers also shifted from liquidation
6
SUEVEY OF CUREENT BUSINESS
of inventories to accumulation, but the magnitude of the
shift was much less than that in retail trade. Wholesale
stocks, which already were being replenished in the second
half of 1949, increased again in the first quarter.
FOREIGN DEMAND WEAKENS FURTHER
Net foreign purchases of United States output were further
reduced in the first quarter of this year, as foreign countries
as a whole made additional progress toward balance in their
international financial positions—a development which had
become evident in the latter part of 1949. An increased
negative balance of net foreign investment during the March
quarter reflected both a decline in merchandise exports and
a rise in the value of imports. The downdrift of exports,
which was the more important factor, represented continuation of a trend in evidence, with some interruptions, since
1947. Gradual improvement of war-disrupted supply conditions abroad has progressively reduced the urgency of
demand for many types of United States goods, also rendering shifts to nondollar sources of supply increasingly feasible.
Such shifts, which have been actively promoted by foreign
governments through import and exchange controls and related measures, have perhaps been intensified since the currency devaluations of last September. Although the financial
position of the rest of the world in relationship to this country
has been improving, the need to replenish dollar reserves
continues to exert a restrictive pressure upon demand abroad
for United States products.
Rising merchandise imports stemmed,-in part, from the
upturn in domestic business. A large proportion of our imports consists of raw materials which show considerable sensitivity to fluctuations of industrial activity and business buying in the United States, and such goods accounted for much
of the first-quarter increase. It is possible that rebuilding
of inventories of imported commodities depleted last year
in anticipation of foreign currency devaluation played a part.
Price increases for some imports also were a factor of consequence, especially in the case of coffee. Because of normal
shipping lags, the March quarter was the first in which imports fully reflected the sharp rise in coffee prices last autumn.
to cover claims arising from extra hazards of military service.
Such contributions appear in the national income accounts
(as Government purchases and as supplements to wages and
salaries) during the calendar year of transfer. This timing
has little economic significance, and must be discounted in
assessing quarterly movements.
Purchases of goods and services by State and local governments advanced again, as in every quarter since the end of
the war. The rate of increase, however, was considerably
reduced for both of the largest components of outlay—payrolls and public works.
The Flow of Income
PERSONAL INCOME HIGHER
Personal income in the first quarter—enhanced by the
special insurance dividend payments to veterans to which
references have earlier been made—was at an annual rate
of nearly $220 billion (chart 4). This was $10% billion above
the corresponding figure for the preceding quarter, and compares with a previous peak of $217 billion in the final quarter
Chart 4.—Personal Income
BILLIONS OF DOLLARS
250
TERMINAL LEAVE
PAYMENTS
200
150
100
Government purchases continue high
Government purchases of the Nation's output continued
high in the initial quarter of 1950, although, at an annual
rate of $42 billion, they were somewhat below the preceding
quarter. Federal Government expenditures accounted for
the drop, as small increases continued at the State and local
level.
The decline in Federal purchases has now persisted for
three quarters, in contrast to the preceding year and a half
of steady expansion. Among the declining elements in the
March quarter was a fall in military and stock-piling outlays.
These had tapered off somewhat after mid-1949, mainly as
a result of economy measures in the National Defense Establishment; but full reflection of the cuts was delayed until
early this year, partly because of lags between placement of
orders and payments on procurement contracts. Military
disbursements in the first quarter were running somewhat
below the revised 1950 Budget rates recently presented to
Congress, owing largely to slower than anticipated deliveries.
Expenditures for civilian relief in occupied areas of Germany
and Japan also dropped in the first quarter.
Other elements of decline call for qualification. Lower
farm price-support purchases than in the fourth quarter
are included, but this component of the total presents difficult problems of seasonal adjustment, hence should not be
interpreted too literally on a quarterly basis. Also, part of
the drop represents disappearance of a special contribution
made to the National Service Life Insurance Fund in 1949
May 1950
>LABOR INCOME
50
\
1 1 L
1947
1948
i i i
1949
1950
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
50-183
Source of data: TJ. S. Department of Commerce, Office of Business Economics.
of 1948. The basic income flow—without the refund item—
advanced by about $2 billion in the first quarter, continuing
the upswing which began in the latter part of last year.
From January 16 through March 31, checks totaling $2.1
billion were issued in payment of special dividends from the
National Service Life Insurance Fund. Converted to an
annual-rate basis to conform with other personal income
data, these payments accounted for over $8 billion of the
increase in aggregate personal income for the first quarter.
They represented a temporary factor, of course, as payments
will be substantially completed within a few months. The
amount disbursed through March was about three-fourths
of the 'estimated total of $2.8 billion.
Total personal income, exclusive of N. S. L. I. payments,
was $211% billion—approximately the same as in the corresponding period of 1949 and higher than in any subsequent
STJKVEY OF CUEEENT BUSINESS
May 1950
quarter of that year. Nonagricultural personal income, also
exclusive of the insurance dividends, exceeded even its
previous peak in the final quarter of 1948.
Table 3.—National Income and Product, Fourth Quarter 1949 and
1
First Quarter 1950
[Billions of dollars]
Payrolls advance
Unadjusted
Payrolls moved upward from the fourth quarter by about
$1% billion, at annual rates. It should be noted, however,
that not all of this increase was reflected in personal income.
Employee contributions for social insurance, which are
deducted in obtaining wage-and-salary receipts, rose by
about $% billion as higher rates under the old-age and survivors insurance program became effective in January.
Distributive and service industries contributed to the firstquarter wage advance, but factory payrolls in durablegoods manufacturing establishments accounted for most of
it. In part, the rise in these payrolls was due to the lesser
effect of strikes than in the preceding quarter. More importantly, however, it reflected the character of the recent
upturn in final demand, which, as already explained, was
associated to a large extent with durable goods. March payrolls in durable-goods industries exceeded the presteel-strike
figure of last September (as well as all intervening months).
Average weekly hours worked in durable manufacturing
have been, increasing since the middle of 1949, and it would
appear that the rate of increase accelerated somewhat in the
first quarter after allowance is made for seasonal factors.
Wages in nondurable manufacturing showed little change
from the fourth quarter. This was also true of other commodity-producing industries, among which small variations
proved largely offsetting on balance. Government payrolls
were stable.
Favorable showing of proprietors' income
Proprietors' and rental income amounted to $45 billion at
annual rates in the initial quarter of this year—roughly $1
billion above the preceding quarter. Gains in this component
of personal income centered in the nonagricultural business
sector, as neither farm nor rental incomes showed much
change.
Chiefly responsible for the favorable movement of nonfarm
proprietors' earnings was the expansion of consumer spending
early this year. Since apart from agriculture the noncorporate form of organization is concentrated heavily in retail
trade, and since proprietors of such establishments benefited
substantially from the increased volume of retail sales, they
accounted for most of the rise in business and professional
income. Proportionately large gains also accrued to manufacturing proprietors, but these were not great in absolute
terms.
The stability of farm income resulted from an approximate
balance between divergent movements of its major determinants. A decline in the seasonally adjusted volume of crops
marketed was counterbalanced by increased marketings
(seasonally adjusted) of livestock and livestock products.
Prices received by farmers differed very little, on the whole,
from the fourth quarter.
Other components of personal income
Among the principal components of personal income,
the only one to decline in the first quarter was dividends.
This drop, however, reflected inclusion in the fourth quarter
figures of an unusually large declaration of an extra dividend
in December by a single great manufacturing corporation,
and did not signify a basic downturn. The rate of distribution of profits to stockholders remained higher than in any
previous quarter except the fourth of 1949.
(Continued on p. 24)
Item
NATIONAL INCOME BY DISTRIBUTIVE
SHARES
.
National income
Compensation of employees
Wages and salaries
_
__
Private
Military
_
_ _ _ _
Government civilian
Supplements to wages and salaries __ _
Proprietors' and rental income 4
Business and professional
Farm.
_
_
Rental income of persons
_ __
_
_
_
_
Seasonally adjusted, at
annual rates
1949
1950
1949
1950
IV 2
I
IV 2
I
55.1
(3)
219.1
(3)
35.7
34.4
28.8
1.1
4.5
1.3
35.2
33.6
28.1
1.1
4.4
1.5
140.9
135.3
113.5
4.5
17.3
5.6
142.8
136.7
115.1
4.4
17.2
6.1
10.9
6.0
3.2
1.7
11.2
6.3
3.2
1.7
43.7
24.0
12.9
6.8
44.7
25.0
12.9
6.8
(3)
-.2
30.2
29.5
11.2
18.2
.7
(33)
()
(33)
()
Corporate profits and inventory valuation adjustment
Corporate profits before tax
__ _
Corporate profits tax liability
Corporate profits after tax
_
Inventory valuation adjustment
7.4
7.2
2.7
4.5
.2
Net interest
1.1
1.1
4.3
4.3
Addendum: Compensation of general Government
employees
__
_ _
_ _
_ _
5.3
5.2
20.7
20.3
68.0
63.3
256.7
263.9
48.7
7.2
27.4
14.2
43.1
5.9
22.6
14.5
179.8
25.2
97.7
56.9
182.7
26.9
98.1
57.7
8.3
4.8
4.8
-1.3
-1.1
10.4
4.2
4.8
1.4
1.6
33.7
18.7
18.7
-3.7
-2.8
41.1
20.1
19.3
1.7
2.5
8( )
3
GROSS NATIONAL PRODUCT OR EXPENDITURE
Gross national product
Personal consumption expenditures
Durable goods.- __ _ _
Nondurable goods
Services _
_
_ _
Gross private domestic investment
New construction _
Producers' durable equipment
Change in business inventories, total
Nonfarm only
Net foreign investment
.0
-.6
-.5
-2.1
Government purchases of goods and services
Federal
_
Less: Government sales
State a n d local _ _ _ _ _
11.0
6.3
.1
4.8
10.4
5.9
.0
4.5
43.7
25.2
.2
18.8
42.2
23.4
.2
18.9
53.6
54.3
209.3
219.9
3.6
3.1
.5
6.8
6.0
.8
18.6
16.1
2.5
18.7
16.1
2.6
DISPOSITION OF PERSONAL INCOME
Personal income
Less: Personal tax and nontax payments
Federal
State and local _
-
r
Equals: Disposable personal income
49.9
47.5
190.7
201.3
Less: Personal consumption expenditures
48.7
43.1
179.8
182.7
1.2
4.4
10.8
18.6
68.0
63.3
256.7
263.9
4.3
5.5
.2
3.0
4.4
5.3
.2
(3)
17.2
21.4
.6
-1.4
17.5
21.6
.6
(3)
Equals: Personal saving.
_ _ __
_
RELATION OF GROSS NATIONAL PRODUCT,
NATIONAL INCOME, AND PERSONAL INCOME
Gross national product .
_ _ _
Less: Capital consumption allowances
Indirect business tax and nontax liability. _ _ _ _
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of Government enterprises
.1
.1
.4
.3
Equals: National income
55.1
(3)
Less: Corporate profits and inventory valuation adjustment
_
_
Contributions for social insurance
Excess of wage accruals over disbursements
7.4
1.3
.0
(3)
1.7
0
30.2
5.6
0
(3)
6.6
0
3.0
1.3
2.7
.2
5.2
1.2
2.0
.2
11.8
4.7
8.9
.6
20.7
4.7
8.6
.6
53.6
54.3
209.3
219.9
Plus* Government transfer payments
Net interest paid by Government
Dividends
Business transfer payments
Equals: Personal income
219.1
(3)
1
Detail will not necessarily add to totals because of rounding.
2
Data for the fourth quarter of 1949 are the same as those in the February issue of the SURVEY, with two exceptions: An actual estimate of fourth-quarter corporate profits, not previously available, has been introduced; and a revised figure for net foreign investment has
been included. Comprehensive revisions of the national income and product estimates for
1949 to incorporate recent information will be made in the July issue of the SURVEY.
s Not available.
* Includes noncorporate inventory adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
By Walter Jacobs and Clement Winston
The Postwar Furniture Market and
the Factors Determining Demand
V><ONSUMEK outlays for furniture are currently at their
postwar high. After a brief decline in the spring of 1949, the
strong demand for these products was demonstrated by a
renewal of the advance which has characterized most of the
period since the close of the war.
This firmness in the market for furniture is clearly associated with the high disposable personal income in recent years,
and with the unprecedented activity of private residential
construction, since any expansion in the number of dwellings
creates a corresponding need for furnishing those units. For
much of the period since the end of the war, the backlog of
demand, in conjunction with the accumulation of liquid
savings and the relatively low volume of consumer debt, has
also contributed significantly to expenditures for furniture.
because there is some competition between the construction
and furniture industries for materials and labor.
The price factor is, of course, a basic element in any study
of demand, since, other things being equal, lower prices
bring more consumers into the market. By and large, the
Chart 1.—Personal Consumption Expenditures for Furniture as a Percentage of Disposable Personal Income
PERCENT
3
Furniture market approximately $3 billion
Purchases of household furniture comprise an important
category of consumption expenditures. In the year 1949,
nearly $2.8 billion were spent for furniture, not including
housefurnishings or household appliances and equipment.
Tlds was only slightly below the $2.9 billion expended in
1948, and in dollar value was more than double the total
purchased in any prewar year. During the early months of
1950, expenditures reached a new high as they exceeded a
$3.0 billion annual rate:
In quantity terms also, purchases of furniture during the
first quarter of 1950 were higher than ever. Volume was
nearly 30 percent above the prewar high of 1941, and more
than 50 percent greater than in 1929 and 1939.
Chart 1 shows the proportion of disposable income that
consumers have spent in acquiring these items. The chart
reveals the well-known tendency characterizing durablegoods expenditures to fluctuate in relative importance with
the swings of business activity. In peacetime years of full
employment, outlays for furniture have accounted for about
1.5 percent of spendable income, this proportion dropping
appreciably when business turns down.
Expenditures related to the construction cycle
Also visible in the chart is the effect on furniture outlays
of high activity in residential construction. Thus, in the
years immediately preceding the war—years which were
comparable to the 1920's in terms of aggregate economic
activity, but not in the number of houses built—purchases
of furniture accounted for a perceptibly smaller part of consumer income than in periods when large numbers of new
houses were erected, such as the past 3 years and the decade
following the First World War.
This relationship of furniture buying to residential construction is also evident in quantity terms. However, the
greater importance of dollar expenditures for furniture in
periods of active building is in part a reflection of the fact
that furniture prices tend to be high relative to other prices
in such periods, both because of the greater demand and
NOTE.—MR. JACOBS ANE MR. WINSTON ARE MEMBERS OF THE BUSINESS STRUCTURE DIVISION, OFFICE OF BUSINESS ECONOMICS.
S
® ESTIMATED
I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I
1923 25 27 29 31 33 35 37 39 41 43 45 47 49
YEARS!/
48
49
50
HALF-YEARS*/
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
50-158
1 Data for 1924,1926, and 1928, are not available.
2 Percentages are based on seasonally adjusted data; figures for the first half of 1950
were estimated on the basis of first quarter data.
Source of data: U. S. Department of Commerce, Office of Business Economics.
way furniture prices relate to prices of other goods and
services is more significant to the analysis than the absolute
level of furniture prices. The ratio between furniture
prices and prices of all consumer goods and services has been
used as a measure of the relative price movements. However, it should be recognized that this measure is not completely satisfactory, primarily because of continuing changes
in quality.
Although furniture prices have slowly declined relative toother consumer prices since the end of the war, the ratio is
substantially above its prewar values, as the following table
indicates.
Ratio of Furniture Prices to Average Consumer Prices (1939=100)
1923
1929
19W
1939
118
106
93
100
1941
105
1945
139
1948
132
1949
129
Population growth
The changing size and composition of the population is
also relevant to the market for furniture, as for other categories of consumer expenditure. Although the rate of
increase in the population is primarily relevant to the long-
SUKVEY OF CURRENT BUSINESS
May 1950
term outlook, population developments also have a bearing
on the short-run picture.
A high rate of family formation, which normally is associated with a housing boom, is one of the elements involved
in the relation between furniture expenditures and residential construction activity. The rise in the birth rate
following the war is also significant,
and is reflected in the
increased production 1 of infants7 and children's furniture
indicated in the table.
Table 1.—Value of Shipments of Household Furniture, 1947,
Compared With Value of Production in 1939
Item
1939 production
1947 shipments
Total wood household furniture, except upholstered..
Millions of
dollars
279.2
Millions of
dollars
892.3
Living room, library, sunroom and hall furnitureDining room and junior dining room furniture
Bedroom furniture
Infant's and children's furniture
Kitchen furniture and cabinets
Porch and lawn furniture
Furniture-in-the- white (unpainted).
Other wood household furniture _
64.8
34.5
102 2
8.3
26 2
2.3
.6
40.3
269.1
112.6
345 0
49.7
54 2
8.0
15.4
38.3
315
226
238
499
107
248
2,467
151.4
419.1
177
140.7
10.7
376.3
42 8
167
300
42.0
218.2
420
144 1
74. 1
922
166
Total household furniture, upholstered
Living room, library, sunroom and hall furniture
(including studio couches, sofa-beds, etc.)
Other household furniture, upholstered
Total metal household furniture, except upholstered.Metal kitchen furniture and cabinets
All other metal household furniture. _
14 1
27.9
Percent
increase
220
Source: U. S. Department of Commerce, Bureau of the Census.
Measuring Furniture Demand
In attempting to obtain a quantitative appraisal of the
factors which influence the amounts consumers purchase of a
commodity or service, there are two approaches possible.
The first approach surveys a sample of consumers at a given
time, obtaining for each individual—or other type of consuming unit, such as household or family—the amount he
has expended or the amount he intends to spend, as well as
other information relevant to his consumption habits:
for
example, his income, liquid assets and occupation.2 The
other method determines historically in terms of aggregate
data how total expenditures for the commodity have fluctuated with total disposable income and other important
variables. Each of these methods has its advantages and
disadvantages, and generally it is desirable for a thoroughgoing study of demand to use both approaches when possible,
and to check the results of each against the other.
Aggregate figures constitute the only reliable information
about furniture which covers an extended period of time,
and the statistical analysis employed here is based on them.
The rather meager material on furniture available from surveys is considered later.
Factors in the present study
The variables which enter into the following analysis of
furniture expenditures are aggregate disposable personal income, the value of new private residential construction, an
index expressing the changes in furniture prices in relation
to prices of other consumer items, and the number of house1
This table is based on data from the Census of Manufactures in 1939 and 1947. It has
also appeared in "The Furniture Industry and Its Potential Market", a booklet issued this
year
by the TJ. S. Department of Commerce, Office of Domestic Commerce.
2
There were two national expenditure surveys in the prewar period: "Consumer Expenditures in the United States, 1935-36" by the National Resources Committee, and "Family
Spending and Saving in Wartime," covering 1941 and early 1942, by the U. S. Department o f
Labor, Bureau of Labor Statistics. The second of these gives average expenditures by income
class for detailed categories of household furniture and furnishings. Another family expenditure survey by B. L. S. is being planned. In the postwar period, the annual Survey of Consumer Finances, which is considered later, also provides some expenditure data.
885501°—50
2
holds. As shown in chart 2 on page 10, these variables
account for all but a negligible part of the fluctuations in3
consumer purchases of furniture during the period 1923-40.
Each coefficient in the regression equation expressing this
relationship is an estimate of the average percentage change
in furniture expenditures per household during the base
period when the corresponding variable changed
by 1 percent,
the other variables remaining unchanged.4 Thus, with a
1-percent increase in per-household income alone, peril ousehold outlays for furniture were raised by a little more
than 1 percent, and a 1-percent rise in residential construction
per household was attended on the average by a one-sixth of
1 percent increase in expenditures. Similarly, an increase
in furniture prices of 1 percent relative to other consumer
prices, income and construction not changing, was accompanied by a decline of one-half of 1 percent in the dollar
value of furniture purchases.
Of course, changes in any one of the factors did not take
place independently of the others. For example, an increase
in residential building was ordinarily associated with a rise in
income, which also worked to lift furniture outlays, and with
higher prices for furniture relative to other consumer goods
and services, which tended toward lower outlays. However,
of the single factors, income is by far the most important in
accounting for the movements of furniture expenditures,
while construction activity and price are secondary, though
still significant.
The preceding discussion has been based on consideration
of the average household, the "calculated" aggregate expenditures in the chart being derived by obtaining the perhousehold expenditures from the relationship and multiplying by the number of households. This appears to be the
most plausible approach, since stability of consumption patterns is more likely to exist for the average consuming unit
than for the population as a whole. The number of consuming units for furniture is probably approximated more closely
by the number of households than by the number of individuals, spending units, or even families.
The average household at the present time spends about
$70 a year on furniture. A newly formed household naturally spends much more than this, but the data do not permit a
satisfactory estimate of the outlays typical of these new
households.
Alternative relationships
In addition to the analysis presented in chart 2, a number
of other relationships were tested. These included, on a current dollar basis, linear as well as logarithmic regressions for
aggregate expenditures and per-household expenditures, and
similar analyses in constant dollars.5 The various perhousehold relationships were about equally satisfactory in
accounting for the fluctuations in furniture expenditures
during the prewar years, and the expected values calculated
for current outlays from these relationships agreed closely.
There was, however, a significant difference in the levels of
furniture expenditures indicated for the war period by the
logarithmic and linear per-household relationships. The
3 The equation on which the "calculated" expenditures in chart 2 are based is: ^=0.0036
yi.os, /?o.i6j p 0.48, where F is expenditures for furniture in dollars per household, Yis disposable personal income per household, R is the value per household of private residential construction, and P is the ratio of the price index for furniture to the index of prices of all
consumer goods and services (1939=100). The multiple correlation coefficient is given by
#2=0.996.
4
Since the given relation is based on current dollars, the exponents do not mea sure elasticity
of expenditure. An analysis relating per-household expenditures in 1939 doll ars to deflated
disposable income per household, deflated private residential construction per h ousehold, and
the ratio of furniture prices to all consumer prices gave an estimate of 1.4 for the income
elasticity
of furniture expenditure, and —1.2 for price elasticity.
8
The best fit was obtained with a relationship like that presented in chart 2, except th at the
index of furniture prices and the consumer price index were employed as separate variables
rather than as a single variable in the form of a ratio. The improvement in fit over the relationship actually employed was not quite significant.
SURVEY OF CURRENT BUSINESS
10
linear regression yielded markedly higher calculated values
for expenditures during the war years, implying that the
aggregate unsatisfied demand in this period was much
greater than that indicated by the logarithmic analysis.6
The relationships employing aggregate rather than perhousehold data, which gave correlations nearly as high as the
per-household set, indicated somewhat higher expected rates
of expenditure in the postwar years. The same was true
when a per capita analysis was used. Nevertheless, as
noted earlier, the per-household basis was felt to be the most
satisfactory.
Chart 2.—Personal Consumption Expenditures for Furniture: Actual and Calculated
BILLIONS OF DOLLARS
4
ACTUAL*
I
I I I I I I I I I I I I I I I I I I I I I I I I 1
1923 25 27 29 31 33 35 37 39 41 43 45 47 49
YEARS*/
U. S. DEPARTMENT OF. COMMERCE, OFFICE OF BUSINESS ECONOMICS
48 49 50
HALF-YEARS2/
50-157
1
Calculated from a linear least squares regression for the years 1923-40, based on disposable
personal income and the value of residential construction, both adjusted for changes in the
number of households, and on the ratio of furniture prices to the prices of all consumers'
goods and services.
2 Data for 1924, 1926, and 1928, are not available.
s Half-yearly totals, seasonally adjusted, at annual rates. Data for the first half of 1950
were estimated on the basis of first quarter data.
Source of data: U. S. Department of Commerce, Office of Business Economics.
The relationship shown in chart 2 accounts for almost all
of the observed fluctuation in furniture outlays before the
war, and in addition indicates that expenditures in the past
few years have been closely in line with the historical pattern.
However, there is an implicit assumption, in applying such a
statistical analysis to the appraisal of current demand, that
relevant factors which are not explicitly introduced have not
changed in their joint effect on demand since the period on
which relationship is based. Other potentially significant
factors which did not have a measurable effect in the prewar
years are considered below, in order to investigate their
current importance.
Other influences
Among the factors tending to raise outlays at the present
time as compared with the values indicated by the statistical
analysis, one of the most important is the great increase since
e The appreciably closer fit for the wartime outlays is obtained from the logarithmic regres"
sion largely because construction turns out to receive a greater weight relative to the price
factor than in the linear case. The linear relationship, using the same notation as in footnote
3, is F=5.76+0.017 F-fO.054 12-0.17 P, with the multiple correlation coefficient given by
#2=0.992.
May 1950
before the war in individuals' liquid assets. The availability of liquid assets raises consumption generally by reducing the impulse to save out of current income. Also,
particularly in the case of durables such as furniture which
require large outlays, it makes possible purchases that might
otherwise be deferred because buying on time might be
undesirable or difficult to arrange.
Another element which may account for higher spending
currently is the condition of consumer inventories of furniture. Although the most urgent replacement demand
arising out of wartime limitations on production has largely
been met, it is rather doubtful that consumer holdings are
as yet completely back to normal in quantity or age composition.
Similarly, the effect on furniture demand of the recent
high marriage and birth rates, following a decade of relatively
low rates, is also likely to be in an upward direction. Such
fluctuations are already represented to some extent in the
quantitative relationship, which is on a per-household basis.
The apparent decrease in income concentration over the
period of analysis—in part the result of changes in the tax
structure—has probably not been important, since a change
in the income distribution will not affect aggregate expenditures if the relation of expenditure with income is linear, and
this linearity holds approximately within a range of 7income
accounting for about 90 percent of furniture outlays.
A factor which tends toward lower expenditures currently
than is indicated by the relationship is the upward trend in
the proportion of households occupying apartments rather
than houses. This proportion has been declining somewhat
since the end of the war, but it is appreciably higher than in
1940, and even further above 1930.
Again, disposable income in the first half of 1950 has been
temporarily raised by the payment of the National Service
Life Insurance dividend. Since there is a tendency to save
more than the usual proportion of such nonrecurring income,
the "calculated" expenditures obtained by treating these
payments as ordinary income may be somewhat too high.
A number of other elements may be cited as having some
relevance to the analysis, although the direction of their
influence is less clear. The increasing average age of the
population and the shift from rural to urban areas are examples of factors which may alter expenditure patterns over
a long period of time. Also, there is the intangible but nonetheless important matter of tastes, particularly as these are
influenced by more widespread use of new styles and
materials.
There is little indication that the net effect of these factors not covered by the statistical relationship is significant
at the present time. Among these should be included the
growth in consumer credit, which is also probably not of
major importance, though it has had some stimulating
effect on current demand. This is discussed at greater
length below in view of the interest in the subject.
It appears, therefore, that the demand equation presented
should be useful in measuring the potential market for
furniture. However, a continuing appraisal must be made
of the influence exerted by factors not covered by the
relationship.
The Influence of Credit
In the years before the war, consumer installment credit
played a constantly increasing part in furniture buying. In
the middle twenties about a third of all sales at furniture
and house-furnishing stores were subject to installment terms;
7 This is indicated by the material in the survey on "Family Spending and Saving in Wartime" to which reference was made earlier. It may be noted that the relationship of expenditure to income on a per family basis implied by those figures is in reasonable conformity with
the per household relationship employed here.
SURVEY OF CURRENT BUSINESS
May 1950
by 1940 more than half of the sales of these stores were in
this category (chart 3). This advance reflected both the
institutional growth of lending and financing agencies and
changes in the attitude of consumers and merchants toward
installment credit.
Limitations of the data
The information available for measuring the effect of
credit buying on furniture demand contains some important
gaps. Consumer installment credit consists primarily of
installment sales credit and cash loans. Sales credit is
granted in connection with installment sales at retail estabvishments. Cash loans are extended by personal finance
companies, credit unions, industrial banking companies and
commercial banks. Although these loans are used in large
part to finance the purchase of durable goods, data on loans
by use are not available, and it is not possible to measure
variations in the importance of cash loans for buying furniture.
In addition to installment credit, purchases on charge
accounts constitute a part of consumer credit. No continuous series on charge account credit for furniture is available
for the years prior to 1939. However, charge account sales
of furniture are only about half as large as installment sales,
and the duration of indebtedness is much shorter in the case
of charge accounts, so that this type of credit forms a relatively small part of credit outstanding.
The installment sales credit figures utilized in this discussion are for furniture and housefurnishings stores. As such
they refer to sales of furniture together with other goods carried by these stores, such as appliances, radio and television
sets, floor coverings, etc. However, a substantial amount of
furniture is sold by department stores and mail-order houses,
some of it on installment terms, and since data on credit
sales of these outlets are not broken down by commodity,
they are not included in the figures discussed here.
11
It is not clear, of course, that the effect of credit on demand is adequately measured by the proportion of furniture
sales on an installment basis. One obvious limitation is the
failure to reflect the impact of repayments. Another
measure of the potential effect of credit is the trend in
installment debt outstanding pictured in the middle panel of
chart 3.
Installment credit outstanding at furniture and housefurnishing stores showed no growth relative to disposable
income over the decade before the war. It may also be
noted that total consumer credit outstanding has moved
much like furniture credit both before and after the war.
Thus, to the extent that the influence of credit on demand
is exerted^ through the necessity of repaying obligations previously incurred, there would be no measurable secular
effect over the prewar years indicated.
Chart 3.—Installment Credit Sales of Furniture and
Housefurnishings Stores
PERCENT
60
INSTALLMENT SALES AS A PERCENTAGE OF
TOTAL SALES
40
20
® ESTIMATED
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
i
I
PERCENT
INSTALLMENT CREDIT OUTSTANDING AS A
PERCENTAGE OF DISPOSABLE PERSONAL INCOME y
Influence of installment buying on demand
The growth in importance of installment sales in the prewar period, as revealed by the top panel of chart 3 and the
figures in table 2, might have been expected to result in an
upward trend in furniture buying. Individuals who are unable to accumulate enough sayings to pay cash for items like
furniture may still find it possible to buy such goods on time,
and to the extent that this happens, a growth in installment
credit should add to the demand for furniture.
Such an effect, however, was not observable during the
prewar period. The statistical relationship presented, which
includes neither a credit variable nor a time trend, yields an
extremely close fit and no secular increase in demand over
this period is apparent.
Table 2.—Furniture Store Sales, Cash and Charge and Installment
[Millions of dollars]
Cash and
charge
Installment
1929
1930
1931
1932
1933
1,122
882
646
358
378
691
574
432
242
268
1934
1935
1936
1937
1938
419
494
610
686
530
309
358
472
568
484
1939
593
607
Year
Year
Cash and Installment
charge
689
911
1940
1941
1942
1943..
1,011
1,035
703
876
810
750
1944. . __
1945
1946
1947
1948
1,151
1,308
2,000
2,229
2,306
1,175
1,517
1,739
1949
2,022
1,722
800
837
Source: Board of Governors of the Federal Reserve System, and Office of Business Economics, U. S. Department of Commerce.
NUMBER OF MONTHS
40
AVERAGE DURATION OF INSTALLMENT
INDEBTEDNESS
-20
1929
31
U. S. DEPARTMENT
33
35
37
39
41
43
45
OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
47
49
SO-159
1
.Percentages are based on the average of installment credit outstanding at end of month,
and annual disposable personal income.
Source of data: Installment Credit, Board of Governors of the Federal Reserve System;
Disposable Personal Income, U. S. Department of Commerce, Office of Business Economics.
Such factors as the size of down payment required, the
length of the maturity period and the scale of service charges
also affect the demand for furniture on credit. Changes in
installment terms are revealed in some degree by the bottom
panel of chart 3, which gives average duration of indebtedness at furniture and housefurnishings stores. However,
there was no trend toward easing of credit terms evidenced
by these figures over the prewar period.
Present position
As chart 3 makes clear, installment credit buying in furniture has not yet recovered from the drop in relative importance it experienced during the war years. Consequently,
(Continued on p. 24)
By Murray F. Foss and Betty C. Churchill
The Size Distribution of the
Postwar Business Population
JL HE past 5 years have witnessed the formation of a record
number of new firms and the net addition of over 750,000
companies to the business population. Although conditions
of high income and employment were prevalent throughout
this period, there were many structural changes taking place
as the economy was undergoing the transformation to
peacetime production. It is of interest, in the light of these
developments, to see if the balance between large and small
concerns has been altered, and, in particular, whether there
has been any shift in the share of activity accounted for by
the leading corporations.
This article presents new data on the size breakdown of the
business population for the years from 1945 to 1948, size being
defined in terms of the number of paid employees in the
organization. Also presented are statistics on the volume
of employment in each size classification, as well as figures
on the size distribution of new and discontinued businesses.
basic data relating to the size classification of firms and new
and discontinued businesses came from the Bureau of OldAge and Survivors Insurance from records submitted by
employing organizations. The industry classification of
firms and their corresponding employment is based on the
primary activity of the firm; for this reason the industry
breakdowns shown here will differ from a breakdown accordChart 1.—Percent Change in Number of Firms in Operation, by Size of Firm
PERCENT CHANGE
+ 10
1947 TO 1948
13H3
0
Summary
The following points provide a summary of the major
findings: (1) The share of employment in the largest firm—
those with 1,000 employees or more—is currently lower
than it was in early 1945 in most industries, including
manufacturing. (2) Though the importance of large concerns in less than in early 1945, it has increased, especially
in manufacturing, since 1946—subsequent to the sharp
employment cut-backs which resulted from the cessation of
hostilities. (3) While it was not possible to prepare detailed
estimates on a comparable basis for the prewar size distribution of employment, the available data indicate that firms
with at least 1,000 workers are currently more numerous
and account for a somewhat larger share of total employment than before the war. (4) The proportion of employment accounted for by an identical list of the very largest
concerns seems substantially unchanged from 1940.
It is interesting to note that the proportions of firms in
operation in the various size categories have remained unaltered—in broad outline—over the postwar period, despite
the effects of business turn-over and shifts due to variations
in employment. Most of the new firms started in the
postwar years were extremely small. More than 85 percent
of the new businesses had less than 4 employees, and of these
a high proportion were without employees. However, discontinuances were similarly bunched in the bottom size
classes. Birth rates, that is, new businesses relative to
firms in operation, as well as death rates, were highest among
the smallest organizations and showed for each year and in
every industry a tapering-off as size of concern increased.
-10
+ 20
1946 TO 1947
+ 10
^
—
1
'' :
0
„.".;.
•
,.;
i
%
.J
1,
f
NOTE.—MR. FOSS AND MISS CHURCHILL ARE MEMBERS OF THE
BUSINESS STRUCTURE DIVISION, OFFICE OF BUSINESS ECONOMICS.
1
See "State Estimates of the Business Population," SURVEY, December 1949, and "Revised
Estimates of the Business Population," SURVEY, June 1949.
12
.>..i
+ 30
1945 TO 1946
+ 20
-
• MM";
N
IIW*W*1
+ 10
:
!
" r~i
I
'
PMVMM
* n i>
/:
%
^J
Ls^aJ |.{j
Source of data
The size estimates shown here, like the State data presented previously, were made within the framework
of the
revised estimates of the business population.1 Most of the
, »;
jnw^
*
-
-IO
ALL
CLASSES
0-3
4-7
8-19
205049
99
EMPLOYEE-SIZE CLASS
100-
500-
499
999
LOOO
a OVER
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Source of data: U. S. Department of Commerce, Office of Business Economics.
50-154
SUEVEY OF CURRENT BUSINESS
May 1950
13
economy. At the end of March 1948, about three-fourths of
all the concerns had less than four employees, and a high
proportion of these had none. Fewer than one percent of the
firms in operation had more than 100 workers and only 3,100
companies out of close to 4 million had as many as 1,000
persons on the payroll. The basic figures on number of
firms in operation by size and industry are shown in table 7;
percent distributions of firms for 1948 within each major
industry division are presented in the left-hand section of
table 1.
There are marked differences, of course, both among and
within major industries, but these variations should not
obscure the fact that, so far as numbers are concerned, very
small firms predominate in each broad industry group while
the largest concerns make up only a tiny fraction of the total.
This generalization does not necessarily hold, of course, if
industries are defined in very narrow terms.
As might be expected, manufacturing had the lowest proportion of firms with fewer than 4 employees but even here
the percentage was close to 45. By way of contrast, services
had the highest ratio of firms with fewer than 4 employees
in any major industry division—83 percent—and almost 80
percent of the concerns in retail trade were in this category.
Nearly 6 percent of the businesses classified in manufacturing had 100 or more workers; in retail trade, finance and services, the corresponding proportions were well under 1 percent.
By turning these distributions around, it is possible to get
an idea of the relative importance of each major industry
within each size class. Manufacturing firms constituted
only 8 percent of all firms in the business population without
regard to size but 55 percent of the concerns having at least
100 workers, and close to 60 percent of the businesses with
at least 1,000. At the other extreme were retail trade and
services, accounting for 43 and 21 percent of the total business population but only 11 and 8 percent, respectively, of
the firms in the 100-plus group, and 11 and 3 percent in the
1,000-plus group.
ing to establishment. A more detailed description of sources
and methods may be found in the technical notes.
It should be borne in mind that the business population
represents an estimated count of legal entities; each corporation, including corporate subsidiaries, is treated as a separate unit, regardless of ownership. Many of the largest
businesses classified in the top size class represent subsidiaries of larger corporate systems. A completely satisfactory
picture of employment concentration would treat all firms
under a common ownership as a single unit.
Paid employment as a measure of size
As already mentioned, size of firm is defined in terms of
the number of paid employees in the business as of a given
time period; this excludes proprietors, partners and unpaid
family workers. In general, number of paid employees
serves as a convenient criterion of a firm's size but it is by
no means the only one—sales and total assets being two
other common measures—and it has certain shortcomings
which should be mentioned.
First, the particular measure used here is mid-March employment and this may give distorted results in industries
subject to wide seasonal changes. For example, the relative
importance and distribution of employment in. contract construction, whose employment is seasonally low in March,
would be especially affected in comparison to other industries. With few exceptions, however, seasonal variations in
employment in the period under consideration tended to
diminish under the stimulus of the heavy war and postwar
demand. Second, employment understates somewhat the
importance of the small concerns in which the proprietor and
members of his family supply all the labor used in the business. Third, classifying firms solely by the number of employees ignores the amount of nonlabor resources used in
production; firms which are "large" with respect to employment are not necessarily "large" with respect to total investment. Finally, the interpretation of changes in the share of
employment in firms of a given size over long time periods
must take account of the possibility of differential productivity changes among firms of different sizes.
Employment
Although most of the firms are embraced in the lower size
classes, it is a well-known fact that in our present day
economy, in which technology and mass markets have made
possible large-scale production and selling, the bulk of employment is concentrated at the upper end of the size scale.
In the right-hand section of table 1 are statistics on the 1948
size distribution of employment in each major industry
division. The basic statistics on employment are shown in
table 8.
1948 Distribution of Firms and Employment
A review of the characteristics of the size structure of the
business population in early 1948, the most recent period for
which detailed size data are available, serves to point up the
overwhelming preponderance of very small firms in the
Table 1.—Percent Distribution of Firms and Employment Within Industry Division by Size of Firm, Mar. 31, 1948
Firms
Industry division
All
size
classes
\
0-3
employees
4-7
employees
8-19
employees
20-49
employees
*
All industries
Mining ancj. quarrying __
Contract construction
Manufacturing
Metals and metal products
Other manufacturing
Transportation, communication and other public utilities
Wholesale trade
Retail trade.,
Finance, insurance and real estate
Service industries
1
Paid employment
1,000
50-99 100-499 500-999 or
ememem- more
ploy- ploy- ploy- emees
ees
ees
ployees
All
size
classes
4-7
employees
8-19
employees
20-49
employees
1,000
50-99 100-499 500-999 or
ememem- more
ploy- ploy- ploy- emees
ees
ees
ployees
100.0
74.5
12.8
7.8
3.1
1.0
0.7
0.1
0.1
100.0
6.0
7.1
10.0
9.9
7.3
15.7
6.3
37.7
100.0
100.0
100.0
100.0
100.0
52.6
67.4
44.5
34.2
46.8
17.0
16.7
15.8
16.0
15.8
15.6
10.5
17.3
19.0
16.9
7.9
3.7
11.5
13.9
11.0
3.3
1.1
5.1
6.8
4.7
2.8
.6
4.6
7.4
4.0
.4
0)
.6
1.2
.5
.3
0)
.6
1.4
.4
100.0
100.0
100.0
100.0
100.0
1.9
9.5
.8
.4
1.1
3.3
13.0
1.7
.8
2.4
7.4
18.7
4.4
2.1
6.1
9.1
16.6
7.3
3.8
9.7
8.6
10.9
7.2
4.2
9.4
23.2
16.3
19.8
14.2
23.8
9.9
4.9
8.6
7.6
9.4
36.5
10.1
50.0)
66.8:
38.1
100.0
100.0
100.0
100.0
100.0
76.7
53.7
78.2
82.4
83.4
10.3
21.0
13.2
9.6
9.0
7.3
16.2
6.4
5.2
4.9
3.2
6.4
1.7
1.7
1.8
1.1
1.7
.4
.5
.5
1.0
.9
.2
.4
.3
.2
0)
0)
0)
100.0
100.0
100.0
100.0
100.0
1.9
7.5
13.9
13.0
15.3
2.4
11.0
16.2
9.6
14.0
4.0
19.6
17.8
12.1
17.8
4.4
19.0
12.0
9.9
15.9
3.5
11.6
5.9
7.3
10.6
9.7
16.3
8.4
15.7
15. 8
5.0
4.6
3.0
6.6
3.8
69.2
10.4
22.8
25.7
6.9
.2
.1
0)
0)
0)
0)
Less than 0.05 percent.
NOTE: Distributions were computed from unrounded data. Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics, based on data in tables 7 and 8.
0-3
employees
SURVEY OF CUERENT BUSINESS
14
May 1950
Table 2.—Percent Change in Number of Firms in Operation and in Employment, Mar. 31, 1945 to Mar. 31, 1948, by Industry Division and
Size of Firm
Firms
All
size
classes
Industry division
AH industries
Mining and Quarrying
Contract construction _
_
Manufacturing _ _ _ _ _
Metals and metal products
Other manufacturing
'Transportation, communication and other public utilities
— _
Wholesale trade
Retail trade
_ _ _ _ _
Finance insurance and real estate
Service industries
0-3
employees
4-7
employees
8-19
employees
20-49
employees
Paid employment
1,000
50-99 100-499 500-999 or
emem- more
employ- ploy- ploy- emees
ees
ees
ployees
23.2
20.6
32.4
38.7
24.3
18.1
10.6
85.5
27.2
38.9
25.0
-1.7
70.2
46.1
139.7
37.6
31.9
124.8
24.9
34.8
22.9
37.0
130.7
19.5
21.7
19.0
19.3
135.4
8.1
8.1
8.1
27.4
132.9
6.1
-.3
8.3
35.9
28.4
18.0
6.7
22.0
40.6
21.1
15.5
4.5
20.4
24.5
34.5
25.5
13.5
32.3
41.2
42.4
34.0
32.4
38.0
1.0
41.6
30.2
9.3
21.6
1.1
34.4
32.9
20.1
4.0
13.0
3.2
7.0
All
size
classes
0-3
employees
4-7
employees
8-19
employees
2(M9
employees
1,000
50-99 100-499 500-999 or
ememem- more
ploy- ploy- ploy- emees
ees
ees
ployees
8.0
27.9
31.2
38.5
22.5
17.2
9.1
2.0
-6.7
16.1
3.5
9.4
12.5
90.9
116.7
34.0
91.3
5.1 -3.4
1.4 -6.3
-.3 -18.1 -10.3 -23.6
7.4
7.2
13.1
11.3
6.2
84.0
26.2
62.5
21.8
30.4
124.4
23.4
32.4
21.6
37.5
129.9
19.2
20.0
18.5
17.1
132.9
6.6
5.0
6.8
26.2
130.9
5.2
-2.8
7.7
4.0
106.8
2.0
58
5.8
14.1
90.6
-4.3
21 0
9.1
8.6
-8.0
-14.9
-30. T
15. ,
4.2
14.9
9.1 -12.4
8.7
11.9
21.0
55.9
5.9
20.3
27.0
29.6
27.7
1.8
29.1
22.5
32.9
24.5
13.5
30.9
41.7
42.0
33.9
31.7
38.9
0
39.6
28.9
7.5
19.7
.7
33.5
31.6
19.8
3.1
2.3
37.3
9.6
22.3
8.4
2.5
7.1
7.3
19.6
3.9
6.0
-16.3
7.5
42.0
15.7
5.9
41.2
13.2
26.4
12.3
6.6
27.1
21.0
21.6
20.5
NOTE.—Changes were computed from unrounded data.
Source: U. S. Department of Commerce, Office of Business Economics, based on data in tables 7 and 8.
This concentration of employment among a very small
number of large concerns and the sizable number of small
firms with comparatively little employment is apparent in
each of the major industry divisions. For the business
population as a whole, the bottom 75 percent of the firms—
those with fewer than four employees—accounted for 6
percent of total paid employment. In not a single major
industry division did the proportion of employment in firms
of this size exceed one-sixth, despite their numerical importance in such industries as retail trade, finance, and services.
It should be borne in mind, however, that proprietors and
family workers, whose employment is not counted here, are
the most important source of labor in small retail and
service businesses.
Table 3.—Year-to-Year Changes in Number of Operating Firms*
by Size of Firm and Source of Change
[Thousands]
Number of firms with—
Period and source of change
All size
classes
20 or more
4-19
0-3
employees employees employees
March 1945-46
From excess of births
From shifts in size
297
297
145
256
-111
131
39
92
21
2
19
March 1946-47
From excess of births
From shifts in size..
324
324
260
280
-20
56
42
14
8
2
6
March 1947-48
From excess of births
From shifts in size
127
127
99
111
-12
24
17
7
4
-1
5
manufacturing was heavily weighted by the metals industries where the largest 800 concerns—those with at least
1,000 employees—accounted for 67 percent of the employment. In all other manufacturing, the corresponding proportion was 38 percent.
By and large, the 1948 distribution of firms by size was
not substantially different from the distribution early in
1945, even though 1.5 million new concerns were established
over this period, 750,000 were liquidated and many existing
firms as well as new firms underwent changes in size. The
relative importance of the bottom size group dropped from
76.1 to 74.5 percent but most of this loss was picked up by
the next 3-size categories—firms averaging 4 to 49 employees—
as the smaller firms shifted into larger size classes. As
may be seen in table 2, the number of firms in all size classes
above 50 rose less than average, especially those with 500 or
more employees.
Chart 2.—Ratio of Number of New and Discontinued
Businesses to Firms in Operation, by Size of Firm,
1945-48 Average l
PERCENT
16
DISCONTINUED
12
Source: U. S. Department of Commerce, Office of Business Economics.
On the other hand, the top 3,100 concerns, or one-tenth of
1 percent of the firms—those with at least 1,000 workers—
.gave employment to 38 percent of all employees covered in
the business population universe; the top 1 percent—firms
with at least 100 employees—accounted for 60 percent of the
^employment. There were about 225 concerns as of early
1948 that had as many as 10,000 employees; they represented
&n even smaller number of parent companies and accounted
if or 18 percent of all the employees. Moreover, if all firms
under the same ownership as these 225 companies were combined, they would account for a significantly higher proportion of employment.
The transportation, communication and other public
utility group had the largest proportion of employment in
the 1,000-plus class—almost 70 percent—followed by manufacturing with 50 percent and mining with 36 percent. The
^concentration of employment in this top size category in
ALL
CLASSES
0-3
4-7
8-19
20 AND
OVER
EMPLOYEE-SIZE CLASS
(/. 5. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
50-153
1
Number of new and discontinued businesses are annual averages; firms in operation are
as of March 31.
Source of data: U. S. Department of Commerce, Office of Business Economics.
May 1950
SURVEY OF CURRENT BUSINESS
Changes are more apparent when each industry is considered separately. Thus, the proportion of very small
firms in manufacturing rose from 39 to 45 percent in this
3-year period; in metals and metal products, the rise was
from 19 to 34 percent of the total. Manufacturing is the
one major industry whose population has undergone a marked
decline since early 1948, the current level being not much
higher than it was in early 1946. An important reason for
this large drop can be traced to the earlier marked increase
in the number of very small firms, whose ability to survive
was especially dependent on the pent-up demands of the
prior years.
Year-to-year changes
Year-to-year changes in the number of operating firms by
size, illustrated in chart 1, mirror many of the basic features
of the postwar reconversion which are obscured in the single
1945-48 comparison. The bottom panel highlights the
decline among the largest firms in the period immediately
after the war, at a time when the number of firms in the
smaller size class was expanding. The middle panel emphasizes the widespread increases throughout the size structure
as the tempo of reconversion was accelerating, and highlights the recovery of the top size classes. The upper panel,
covering the period ending in March 1948, stresses the
general pattern of diminished growth in the business population as it came more nearly into balance relative to the
general level of business activity.
Effect
15
roughly 2 million new businesses which were established in
the calendar years 1945-48, 87 percent were firms with 0 to
3 employees; the proportion of total discontinuances in this
size class was approximately the same.
Throughout this period only 1 or 2 percent of all new and
discontinued firms had 20 or more employees, although the
proportion of firms in existence with 20 or more employees
was about 5 percent. The number of new large concerns
was small; there were fewer than 200 firms started between
the second quarter of 1945 and the third quarter of 1949
whose employment was 250 or more, and the bulk of these
had fewer than 500 persons on the payroll.3 Data on the
number of new and discontinued businesses are presented
in table 4.
Stability in birth and death distributions
A second feature of the births and deaths is the stability of
their percentage-size distributions over the 1945-48 period
even though in the aggregate the number of births declined
by over one-third between 1946 and 1948 while the number
of deaths increased by almost two-thirds over the same years.
There is no evidence of any appreciable change in the
distributions of discontinuances and new firms during the
first half of 1949 when the business population was declining.
Table 4.—Number of New and Discontinued Businesses by Industry
Division and by Size of Firm, 1945—48
[Thousands!
of turnover and shifting
One point brought out by chart 1 is that firms with fewer
than four employees rose less than average between 1945 and
1946 but more than average the following year. This differential behavior may serve to illustrate the role played by
births and deaths, on the one hand, and by shifts due to
employment increases on the other, on changes in the number of firms in the various size classes.
In table 3 it may be seen that the number of firms having
less than 4 workers rose by 145,000 between 1945 and 1946
although the number of new firms of this size exceeded
discontinuances by 256,000. The difference is accounted
for by the net outflow of 111,000 firms into larger size classes.
It may also be noted that in the two other size classes shown
in the table, additions of this nature were more important
than changes due to an excess of births over discontinuances.
Nineteen hundred and forty-five and early 1946 were
especially favorable for the growth of very small businesses.
Veterans were returning to the labor market in sizable
numbers while large concerns were still releasing workers
from war jobs. Essentially this was the period when existing
small enterprises were able to recoup their wartime employment losses and newly established small businesses were
particularly able to expand their initial
employment to meet
the rising tide of pent-up demand.2
The smallest firms also enjoyed an expansion in employment in the following year but it was dampened by the
resurgence of the large concerns, especially in manufacturing.
It is clear from table 3 that upward shifting in the size scale
was considerably reduced after early 1946.
New and Discontinued Businesses
Certain aspects of births and deaths have already been
discussed in connection with changes in the number of
operating firms but there are other points relating to business
turnover which merit additional consideration. First, it
may be pointed out that both business births and deaths
during the postwar years were even more concentrated in
the smaller size classes than firms in operation. Of the
2 See, for example, "Sales and Inventory Trends of New Trade Firms," Survey, April 1949.
New businesses
Discontinued businesses
Industry division and size class
1945
1946
1947
1948
1945
1947
1948
429.8 619.8 472.8 394.6 202.6 226.4 291.8 373.6
379.3 535. 5 409.1 339.8 177.6 197.0 250.5 326.8
33.0 56.5 43.4 37.7 13.1 16.0 23.6 27.0
12.2 20.8 15.4 12.8 7.8 9.1 12.2 14.2
5.5
5.3 7.1 4.9 4.2 4.
4.3
5.7
A l l industries^
_____
0-3 employees
4-7 emplovees
__ _
8-19 employees
20 or more employees
4.0
2.4
9
.5
5.0
3.0
1.2
.6
5.0
2.7
1.4
.8
5.9
3.2
1.6
.8
3.
2.
56.0
47.3
6.3
1.7
.6
94.9
78.1
12.1
3.6
1.1
74.3
60.7
10.0
2.8
.8
64.8
53.2
8.6
2.2
.7
48.3 76.7 49.9
33 5 52.8 36.2
8.1 13.8 8.2
4.4 7.0 3.8
2.3 3.1 1.6
Transportation, communication, and
other public utilities
0-3 employees
4-7 employees
8-19 emplovees
20 or more employees
27.9
25.6
1.4
Wholesale trade
0-3 employees
4-7 employees
8-19 employees. _ _ __
20 or more employees _ _
Mining and quarrying
0-3 employees
4-7 employees
8-19 employees
Contract construction
0-3 employees _ _
4-7 employees
8-19 employees^
20 or more employees
1946
_
Manufacturing
0-3 employees
4-7 emDloyees
8-19 employees
__
20 or more employees
Retail trade
__.
0-3 employees.
4-7 employees
8-19 employees
20 or more employees--. _
.
3.2
2.2
4
.S
4.0
2.8
18.
15.
1.
.8
.4
26.6
22.1
2.6
1.4
36.5
29.0
4.5
2.2
.8
45.1
36.4
5.0
2.8
.9
39.7
29.0
6.4
3.0
1.3
26.7
20.8
2.2
2.0
1.6
29.2
22.8
2.7
2.1
1.6
41.1
31.3
4.2
3.3
2.3
49.7
39.8
4.4
3.4
2.2
23.2
21.5
1.2
.4
.1
11.1 14.3
9.9 12.9
.6
.7
.4
.4
.3
.3
17.2
15.5
9
.'5
.2
19.7
18.0
1.0
.5
.2
13.1
10.5
1.6
.7
.3
16.1
13.1
1.7
.8
.4
.4
5.1
3.8
.7
.5
.2
.3
40.0
36.8
2.2
.7
.3
28.4
26.3
1.6
.4
.2
22.4
19.1
2.3
.7
.3
31.9
26.8
3.8
1.1
.3
23.3 18.3
19.5 • 15.5
2.1
2.7
.8
.6
.2
.3
7.3
6.1
.7
.4
.2
150.1 216.4 169.2 139.9
138.0 195.5 152.9 126.1
8.7 14.9 11.7 10.1
4.9
3.6
2 9
2 7
.9
.8
.8
1.0
75.6
66.9
5.2
2.6
.8
79.1 102.7 141.1
70.0 90.9 126.8
7.8
5.5
9.4
2 7
3 2
4.0
.9
.8
.9
K
8.9
7.3
.9
.5
.2
Finance, insurance and real estate
0-3 employees
_ __
4-7 employees
8-19 employees.
_ _ _
20 or more employees
25.3
23.6
1.2
.4
.1
19.9
17.8
1.4
.5
.2
18.3
16.4
1.3
.4
.2
13.8
13.1
.5
.2
.1
14.1
13.0
.6
.3
.1
16.3
14.8
.9
.4
.2
18.0
16.4
1.1
.4
.2
Service industries
0-3 employees
4-7 employees
_
8-19 employees
20 or more employees _ _
95.8 128.3 102.8
89.8 118.3 92.9
6.5
4.1
6.7
2.4
1.3
2.7
.9
.7
.7
84.4
74.9
6.4
2.4
.7
46.4
42.6
2.1
1.1
.5
51.2
46.6
2.6
1.3
.6
60.9
55.7
3.1
1.5
.6
78.9
72.6
3.8
1.9
.7
26.7
24.1
1.8
.6
.2
NOTE.—Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics, based primarily
on data from the Social Security Administration, Bureau of Old-Age and Survivors Insurance.
3 It should be pointed out that data on business turnover are prepared on a more current
basis and in somewhat greater detail than are shown in the tables.
SUEVEY OF CURRENT BUSINESS
16
Birth and death rates
Chart 2 shows the ratio of the number of new and discontinued businesses during the year to the number of firms
in existence as of March 31, on an average basis for the years
1945-48. Over this period, the annual rate of new-business
formation averaged a little over 13 percent for all size classes
combined. The chart shows the highest rate in the smallestsize class and displays a rapid tapering-off thereafter.
Discontinuance ratios show the same general behavior by size
class—reflecting with some lag the pattern of births—except
that the spread between the less-than-4 group and 20-andover group is less pronounced than in the case of the new
firms rates. Annual data on entry and discontinuance rates
by major industry and size class are presented in table 5.
Chart 3.—Percent Distribution of Employment, by Size
of Firm, All Industries and Manufacturing
PERCENT
60
ALL
INDUSTRIES
1945 46 47 48
40
Mav 1950
of manufacturing and transportation. On an over-all basis
there is comparatively little difference between the two ratios
in each of the years from 1945 to 1948. Size class for size
class, however, the ratios in manufacturing are substantially
in excess of those in the transportation group, being about
one-third higher in the 0-3 category and approximately
twice as great in the succeeding size groups.
Postwar Changes in Size Distribution of
Employment
The 1948 distribution of employment among the various
size classes, in contrast to the distribution of firms, represents
an alteration in many respects of the pattern which existed
just before the end of the war in 1945. Obviously, a small
change in the number of giant concerns can have only an
insignificant effect on the distribution of firms but may
bring about significant shifts in the distribution of employment. Much attention has been focused on this problem
recently because the particular industries most stimulated
by the war production program were those characterized by
very large scale manufacturing enterprises, and the question
has naturally arisen as to what has happened since the war
to the share of activity accounted for by large companies.
The remainder of this article is devoted to a description of
the changes in the relative shares of employment among the
size classes.
Employment in largest concerns lower
than in 1945
20
Employment changes over the 3-year period ending in
March 1948, by major industry division and size class, are
summarized in the right-hand section of table 2. One point
which stands out is that the relative gain in over-all employment was only 8 percent, in contrast to the rise of almost
one-fourth in the number of operating firms. The chief
reason for this may be found in the reduced volume of employment in the top size class. In addition, however, it
should be remembered that many of the firms added to the
business population had no paid employees while the bulk
of the new employers had only one to three employees.
Chart 3 illustrates the changing shares of employment in
three broad size classes for all industries and for manufacturing. If the change from 1945 to 1948 is considered, it
may be seen that the proportion of employment among
firms with 1,000 or more employees decreased from 44 to
38 percent. It was approximately unchanged for the groups
with 100 to 999 workers and increased among firms with fewer
than 100 employees.
0
60
MANUFACTURING
40
20
Trend reversed after early 1946
1 - 99
100 -999
EMPLOYEE - S I Z E
1,000 AND OVER
CLASS
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Source of data: U. S. Department of Commerce, Office of Business Economics.
There are a number of reasons to expect higher new firm
ratios in the small size groups than in the larger groups. For
example, the larger the size of the prospective business, the
greater the initial investment requirements. In addition,
the prospective entrepreneur is more likely to be forced to
find outside sources to supplement his own funds for financing
his initial capital outlays.
Birth rates by industry
It may be noted that industrial comparisons of birth rates
are generally improved when the size distribution of new and
existing firms within industries is taken into account. This
may be illustrated by a comparison between the birth rates
It is obvious from chart 3, however, that the entire decline
in importance of the largest companies occurred immediately
after the war. In manufacturing, for example, the share of
employment in the 1,000-plus group between 1945 and 1946
dropped from 55 to 47 percent; in metals, from 73 to 64
percent. Since 1946 this movement has been reversed,
though the share of the top group leveled off between 1947
and 1948 for all industries combined but continued to rise
in manufacturing. Table 6 presents the changing proportions of employment in the top size class by detailed size,
groups and by major industry divisions.
Firm growth and changes in concentration
It should be fairly clear that changes in the relative shares
of employment among the largest concerns over this period
reflected only in part the expansion in the business population and the added employment brought about by this
growth. In an industry whose employment is highly concentrated, the appearance of new firms can have relatively
SURVEY OF CURRENT BUSINESS
Mav 1950
little effect on the employment distribution unless the new
businesses are of large size. In metal manufacturing, for
example, the number of firms rose by one-sixth between
1945 and 1946 but most of the concerns were extremely
small and had little to do with the lower share of employment in the top size class. It may also be noted that in the
transportation group the top size class accounted for about
69 percent of the employment in all 4 years despite the addition of 50,000 firms.
It is w^here concentration is not so pronounced that the
addition of new firms has the effect of appreciably reducing
the proportion of employment in the top size class. In
retail trade and services the importance of each of the classes
with 100 or more employees has decreased. And in this
respect it is of interest to note that the finance, insurance
and real estate industry, whose population has grown least
over this period, is the one major industry division where the
share of employment in the top size class has shown a
pronounced increase.
Developments since 1948
Employment statistics by size of firm are not generally
available since March 1948. It would appear, however, that
in manufacturing, the small decline in output which has
occurred over the past 2 years has been accompanied by a
continued increase in the relative importance of the top
firms. This is suggested by two pieces of information.
Table 5.—Entry and Discontinuance Rates ! by Industry Division
and Size of Firm, 1945-48
Entry rate
Discontinuance rate
Industry division and size class
1946
1947
1948
134
155
86
55
33
176
206
124
74
38
123
143
88
51
26
99
115
75
41
22
63
72.
34
35
26
64
76
35
32
24
76
88
48.
41
29
94
111
53
46
29
129
130
205
131
45
157
166
247
143
40
151
142
273
160
45
171
179
277
153
42
118
148
91
87
46
99
125
78
74
42
120
152
103
88
42
148
209
115
87
35
332
382
272
122
87
415
514
319
141
83
265
317
221
95
56
207
253
166
68
42
107
125
58
54
61
116
145
68
56
41
130
152
101
75
55
144
173
96
84
54
186
334
194
92
33
263
441
300
132
43
151
245
160
66
22
121
198
123
54
18
103
207
54
42
24
100
190
58
40
22
124
211
82
58
31
151
271
84
60
29
203
252
92
53
28
254
315
126
52
26
159
193
84
32
16
124
150
60
27
13
81
97
37
42
24
91
110
41
33
25
96
114
50
37
19
106
126
51
38
22
143
213
72
33
21
181
287
101
37
19
120
188
64
26
16
91
143
50
18
8
46
68
22
16
13
51
79
24
17
12
68
101
40
23
17
80
121
41
26
22
104
120
49
33
26
140
164
71
49
29
102
119
53
34
22
82
95
45
27
20
52
58
29
33
26
51
59
26
26
23
62
71
35
30
22
83
95
42
37
23
Finance, insurance and real estate
0-3 employees
4-7 employees
8-19 employees
20 or more employees
78
87
40
27
15
80
87
57
35
22
58
63
42
28
21
53
57
39
23
20
43
48
16
15
11
42
47
19
19
15
47
52
27
21
20
52
57
33
20
21
Service industries _ _ _ _ __ _ . __
0-3 employees
4-7 employees _
_ ___
8-19 employees
20 or more employees
137
152
70
42
34
170
189
94
62
42
125
136
86
67
34
99
105
83
58
32
66
72
37
37
29
68
75
37
35
28
74
81
41
38
25
92
102
49
44
30
All industries
0-3 employees
4-7 employees
8-19 employees
20 or more employees
_ ___
_ __
Mining and quarrying
0-3 employees
4-7 employees
8-19 employees
20 or more employees
_ __
Contract construction
0-3 employees
4—7 employees
8-19 employees
20 or more employees
Manufacturing
0-3 employees
4-7 employees
8-1 9 employees
20 or more employees _
Transportation, communication and
other public utilities
0-3 employees. _
4-7 employees
8-19 employees
20 or more employees
Wholesale trade
0-3 employees.
___
4-7 employees
8-19 employees
20 or more employees-.-
_ ___
... .
Retail trade
0-3 employees. _
4-7 employees
8-19 employees
20 or more employees
1945
1946
1945
1947
1948
1
Number of new and discontinued firms each calendar year per 1,000 firms in operation
Mar. 31.
Source: U. S. Department of Commerce, Office of Business Economics, based on data in
tables 4 and 7.
885501—50
3
17
Table 6.—Percent Distribution of Employment by Industry Division
and Size of Firm, 1945-48
Firms with —
Industry division and year
All
size 0-3 4-7 8-19 20-49 50-99 100- 500- 1,000
or
class- em499
999
em- em- em- em- emes ploy- ployem- more
ploy- ploy- ploy- ploy- ployemees
ees
ees
ees
ees
ees
ees ployees
All industries:
1945
1946
. _
1947
1948_
100.0
100.0
100.0
100.0
5.1
5.8
5.9
6.0
5.8
7.1
7.0
7.1
7.8
10.0
9.9
10.0
8.7
10.1
9.8
99
6.7
7.6
7.3
7.3
15. 5
16.5
16.0
15.7
6.6
6.5
6.4
6.3
43.6
36.6
37.7
37.7
Mining and quarrying:
1945
1946
1947
1948
100.0
100.0
100. 0
100.0
2.0
1.9
1.9
1.9
2.9
3.1
3.1
3.3
6.0
6.8
6.7
7.4
8.8
9.4
8.8
9.1
7.6
7.8
7.9
8.6
25.1
23.8
23.8
23.2
9.8
9.8
9.6
9.9
37.8
37.4
38.0
36.5
Contract construction :
1945
._
1946
1947
_
1948
100.0
100.0
100.0
100.0
99
9.3
9.5
9.5
11.1
13.2
12.7
13.0
15.5
20.3
18.6
18.7
13.6
18.4
16.5
16.6
9.0
11.5
10.7
10.9
15.1
15.8
17.1
16.3
4.9
3.3
4.7
4.9
20.0
8.2
10.3
10.1
Manufacturing :
1945
1946
1947
1948
100.0
100. 0
100.0
100.0
.6
.8
g
1.3
1.7
1.7
1.7
3.5
4.5
4.5
4.4
6.4
7.8
7.4
7.3
6.5
7.9
7.4
7.2
18.2
21.5
20.3
19.8
8.5
9.0
8.8
8.6
55.0
46.9
49.1
50.0
.4
8
1.4
2.1
2.1
2.1
2.8
4.1
3.9
38
3.3
4.7
4.3
4 2
11.5
16.2
15.1
14.2
7.4
8.0
8.0
7.6
73.0
63.8
65.6
66.8
Metals and metal products:
1945
100.0
1946
100.0
1947
100.0
1948
100.0
'.8
'A
.4
'.7
Other manufacturing:
1945
1946
1947 _
1948
100.0
100.0
100.0
100.0
1.0
1.1
1.1
1.1
2.2
2.3
2.5
2.4
5.7
6.1
6.3
6.1
10.1
10.4
10.0
9.7
9.6
10.0
10.0
9.4
25.0
25.0
24.0
23.8
9.6
9.6
9.0
9.4
36.7
35.6
37.1
38. 1
Transportation, communication,
and other public utilities:
1945
1946
1947
1948
100.0
100.0
100 0
100.0
1.6
1.8
1.8
1.9
2.1
2.3
2 3
2.4
3.0
3.9
39
4.0
4.7
4.3
4 3
4.4
3.7
3.5
3.4
3.5
10.1
9.5
9.6
9.7
5.2
5.2
5.1
5.0
69.6
69.4
69.6
69.2
Wholesale trade:
1945
1946
1947
1948
100.0
100.0
100.0
100.0
7.4
7.1
7.4
7.5
10.5
10.5
10.8
11.0
17.5
18.6
19.0
19.6
17.3
18.3
18.5
19.0
11.1
11.8
11.4
11.6
15.1
15.8
16.3
16.3
5.4
4.9
4.8
4.6
15.8
13.0
11.9
10.4
Retail trade:
1945
1946
1947 _ . . _
1948
100.0
100.0
100.0
100.0
13.2
13.2
13.6
13.9
15.8
16.6
16.5
16.2
16.0
18.1
18.0
17.8
11.2
12.0
11.9
12.0
5.4
6.0
6.0
5.9
9.3
8.8
8.5
8.4
3.3
3.0
3.0
3.0
25.7
22.4
22.6
22.8
Finance, insurance, and real
estate:
1945
1946
1947
1948
100.0
100.0
100.0
100.0
15.6
14.4
13.5
13.0
10.3
10.2
9.8
9.6
11.2
12.4
12.2
12.1
11.2
10.2
9.8
9.9
7.4
7.4
7.2
7.3
15.6
15.8
16.4
15.7
6.7
7.2
6.8
6.6
22.0
22.5
24.1
25.7
Service industries:
1945-_
1946
1947^ _
1948
100.0
100.0
100. 0
100. 0
14.3
14.0
14.8
15.3
12.9
13.8
13.7
14.0
15.4
16.8
17. 0
17.8
16.0
15.9
15.8
15.9
12.4
11.2
10.9
10.6
17.5
17.1
16.5
15.8
4.4
4.2
3.8
3.8
7.2
7. 1
7.5
6.9
_
NOTE.—Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics, based on data in
table 8.
First, between the first quarter of 1948 and the first quarter
of 1949, sales of all manufacturers declined by 2 percent while
sales of "large" manufacturers rose by 2 percent. In metals,
sales of the "large" concerns rose 13 percent against an
industry average of 2 percent, while for all other manufacturing industries, sales of the "large" concerns declined 3
percent in contrast to an industry decline of 6 percent. A
similar divergent movement—though not so pronounced—is
also apparent between the first two months of 1949 and 1950
Second, preliminary employment figures for an identical
sample of very large manufacturers suggest a smaller drop
in employment between March 1948 and 1949 than occurred
in manufacturing generally. Cyclically this sort of development is not unexpected; the small firms in any industry are
ordinarily the first to feel the pinch of the increased competition which accompanies an edging-off in demand.
SURVEY OF CUREENT BUSINESS
18
May 1950
Table 7.—Number of Firms in Operation by Industry and Size of Firm, March 31, 1945-48
[Thousands]
Industry
All
size
classes
March 31, 1945
March 31, 1946
Number of firms with —
Number of firms with—
0-3
employees
4-7
employees
8-19
employees
20-49
employees
3,219.1 2,451.1
1,000
50-99 100-499 500-999 or
ememem- more
ploy- ploy- ploy- emees
ees
ees
ployees
All
size
classes
0-3
employees
4-7
employees
8-19
employees
20-49
employees
2.9 3,515.8 2, 596. 4
1,000
50-99 100-499 500-999 or
ememem- more
ploy- ploy- ploy- emees
ees
ees
ployees
382.3
223.3
97.6
33.3
25.4
3.2
455.6
280.6
112.6
37.3
27.5
3.1
Mining and quarrying
31.1
18.4
4.4
3.9
2.3
.9
.9
.1
.1
32.0
18.0
4.9
4.5
2.5
.9
.9
.1
Contract construction
168.4
123.7
23.2
14.2
4.9
1.4
.8
.1
.1
228.6
152.0
37.9
25.6
9.2
2.5
1.2
.1
Manufacturing
_ _ __ _ __
Food and kindred products
Textiles and textile products _
Leather and leather products
Lumber and lumber products
Paper and allied products _
Printing and publishing
Chemicals and allied products ^
Rubber products
Stone clay, and glass products
Metals and metal products
Other manufacturing 3
258.9
36.1
35.5
5.3
57.6
3.5
39.1
11 6
1.1
7 4
42.2
19.5
100.3
12.8
6.0
1.2
30.9
.5
23.9
4 8
.4
29
8.3
8.6
41.7
6.8
4.9
.7
9.2
.4
6.3
19
.1
13
7.0
3.2
47.6
7.9
8.5
1.1
9.4
.6
4.2
17
.1
1.4
9.2
3.5
35.1
4.8
8.4
1.0
4.8
.8
2.8
16
.1
.9
7.5
2.3
15.8
2.0
3.8
.6
1.7
.5
1.0
g
.1
.4
4.0
1.0
14.6
1.6
3.2
.6
1.4
.6
.8
7
.1
.4
4.3
.8
2.1
.2
.4
.1
.1
.1
.1
1
1.8
.2
.2
0)
!Q
.1
0)
0)
.9
.1
291.0
36.3
40.4
6.4
67.4
3.9
41.6
11 8
1.2
10.0
49.0
22.8
119.9
12.7
8.2
1.8
37.6
.9
24.1
4.9
.6
3.7
14.0
11.4
45.9
6.9
5.5
.8
10.4
.3
7.1
1.8
.1
2.0
7.6
3.4
52.8
7.9
8.9
1.2
10.6
.7
5.4
2.1
.1
2.0
10.0
3.8
37.0
4.8
9.3
1.1
5.2
.8
3.0
1.4
.1
1.2
7.7
2.4
16.6
2.0
4.3
.7
2.0
.5
1.0
.7
.1
.5
4.0
1.0
15.2
1.6
3. 6
.7
1.5
.6
.8
.6
.1
.5
4.4
.7
Transportation, communication, and other
public utilities
137.3
101.8
15.4
9.6
6.0
2.1
1.8
.3
.4
157.2
116.9
17.4
12.7
5.6
2.0
1.8
.3
.4
Wholesale trade
156.9
89.4
31.5
22.9
9.1
2.5
1.2
.1
.1
176.1
93.5
37.3
28.9
11.5
3.2
1.6
.1
.1
1, 443. 8 1, 153. 6
71.4
52.4
392.6
443.6
49 8
29 1
83.1
58.8
281.0
193. 4
_
194.9
186. 0
241.4
319.9
178.8
10.9
36.2
10.2
13.3
51.0
7.1
50.1
80.9
5.0
11.2
7.8
7.2
26.6
1.5
21.7
22.5
1.8
2.4
2.3
2.4
8.2
.3
5.1
4.7
.6
.6
.3
.1
.1
.3 1, 540. 6 1, 194. 4
53.0
.1
73.2
.1 459.8
400.9
31.3
60.0
0)
87.0
60.7
0)
195.5
296.9
0)
195.4
210.7
0)
353.0
257.6
0)
209.1
11.4
41.3
12.4
14.3
58.9
12.3
58.6
101.0
5.2
13.3
11.5
8.0
32.4
2.6
28.1
26.8
1.9
3.0
4.1
2.6
8.0
.4
6.8
5.7
.6
.7
.6
.8
1.5
.1
1.4
2.9
.6
.5
.1
.5
.5
C1)
.6
.3
.1
.1
.3
.1
.1
1.3
0)
1.0
2.7
.6
.5
.1
.5
.5
0)
.5
All industries
Retail trade
General merchandise
Food and liquor
Automotive
Apparel and accessories
Eating and drinking places
Filling stations _ _ _ _ _ _
Other retail trade
:l
0)
0)
0)
0)
0)
0)
Finance, insurance, and real estate
324.0
272.8
29.1
13.7
5.4
1.6
1.1
.1
Service industries
Hotels and other lodging places
Personal services
Business services - _
Automobile repair
Miscellaneous repair.. . _
Motion pictures
Other amusement s__
698.8
75.9
377.8
57.7
67. 1
66.9
11.7
41.7
591.0
62.3
338.5
42.3
54.6
60.4
3. 8
29.2
58.3
6.5
22.8
7.8
8.8
4.1
2.9
5.4
30.5
3.8
9.7
4.4
3.1
1.8
3.2
4.5
12.4
1.7
4.4
2.1
.5
.4
1.3
2.0
4.2
.8
1.7
.7
.1
.1
.3
.6
2.2
.7
.8
.3
0)
0)
.2
.1
.2
.1
0)
0)
0)
0)
0)
0)
0)
!ii
.1
.1
0)
0)
0)
0)
0)
0)
0)
1.9
.2
.4
.1
.1
.1
.1
.1
(0
.1
.7
.1
0)
32.0
16.9
5.6
1.7
1.3
.1
755.8
76.0
393.3
67.2
80.2
82.9
12.1
44.2
625.0
60.9
348.9
47.9
60.7
73.5
3.6
29.5
71.1
7.2
25.6
9.9
13.2
5.9
3.0
6.4
38.1
4.5
11.3
6.0
5.2
2.7
3.3
5.1
14.3
1.9
4.9
2.3
.9
.6
1.4
2.4
4.4
.8
1.8
2.5
.8
.8
.4
0)
0)
.2
.2
.2
0)
0)
0)
0)
C1)
0)
0)
!i
.1
'.7
(0
0)
276.8
.4
.6
1.6
.1
.3
80)
0)
0)
8
.1
C1)
0)
8
334.6
:I.1
2.8
1
0)
0)
0)
.1
.1
8
8
See footnotes on page 19.
Comparison with prewar
It was not possible to prepare both size and industry
distributions for the prewar period comparable to the postwar distributions, so that only tentative conclusions maybe
drawn regarding changes over the past decade or so. Although an earlier SURVEY article showed an estimated firm
and employment size distribution for the year 1939, the lack
of comparability with the estimates shown here4 is sufficient
to invalidate a direct comparison of the figures.
There is available from the BOASI, however, data on the
estimated number of firms and employment by size class for
all industries combined as of September 1940. These estimates were based on tabulations containing about 84 percent
of the estimated total number of firms and about 95 percent
of the estimated total employment and are not as accurate
as the postwar BOASI data.
Between September 1940 and March 1948 it would appear
that employment among firms with 1,000 or more workers
rose by 41 percent, in contrast to a rise of 24 percent in
total employment covered by the business population. The
number of firms in operation in this category rose by about
25 percent, or somewhat more than the 19 percent over-all
advance in the business population. However, concentration as measured by a Lorenz curve—which takes into
account the complete size distribution of firms and employment—does not show any marked increase for industry
generally over this period. It should be noted, moreover,
* "The Business Population in Wartime," SURVEY, May 1944. The sources and methods
used in estimating the size distribution of firms, in particular, were quite different from those
used
here. See also "The Industrial Concentration of Employment," SURVEY, April 1945.
that manufacturing, especially the durable goods industries,
where most of the large concerns are located, has undergone
a more pronounced increase in employment than nonmanufacturing over this period. Consequently, it is not possible
to draw any conclusions about changes in concentration
within industries from these data.
Comparison of identical
manufacturing companies
A second comparison was based on a sample of approximately 100 identical firms which were among the 200 largest
manufacturing corporations—ranked according to size of
total assets—in 1939 and 1946; there were 170 concerns
common to both lists. Unlike what has preceded these are
parent companies, ordinarily including all subsidiaries. The
companies chosen were those for whom employment figures
could be obtained for 1940 and 1948. For these concerns
the rise in employment was not much different from the
average increase for all manufacturing employment as
indicated by Bureau of Labor Statistics data. It is realized
that the latter figures are on an establishment basis whereas
the identical companies have employment cutting across
many nonmanufacturing industries. Nonetheless the evidence does not suggest that the share of empk^ment among
the very largest manufacturing concerns has changed
appreciably from the prewar period, though these firms do
account for a smaller proportion of the total number of
manufacturers in view of the marked increase in the business
population since that time.
SURVEY OF CUEKENT BUSINESS
May 1950
19
Table 7.—Number of Firms in Operation by Industry and Size of Firm, March 31, 1945-48—Continued
[Thousands]
Mar. 31, 1947
Mar. 31, 1948
Number of firms with—
Industry
All
size
classes
All industries
0-3
employees
4-7
employees
8-19
employees
20-49
employees
3,839.7 2,856.3
Number of firms with—
1,000
All
50-99 100-499 500-999 or
size
ememem- more classes
ploy- ploy- ploy- emees
ees
ees ployees
0-3
employees
4-7
employees
8-19
employees
20-49
employees
3.1 3,966.8 2,955.3
1,000
50-99 100-499 500-999 or
emem- more
employ- ploy- ploy- emees
.ees
ees
ployees
490.8
301.1
118.0
38.7
28.5
3.3
506.0
309.8
121.4
39.3
28.7
3.3
3.1
Mining and quarrying
33.4
18.7
5.2
4.7
2.5
1.0
1.0
.1
.1
34.4
18.1
5.9
5.4
2.7
1.1
1.0
.1
.1
Contract construction-
280.5
191.4
45.2
29.0
10.2
2.9
1.6
.1
.1
312.4
210.5
52.1
32.8
11.6
3.3
1.8
.1
.1
Manufacturing
Food and kindred products
Textiles and textile products _
Leather and leather products
330.6
37.8
43.8
6.9
147.9
14.1
11.3
2.5
51.3
7.2
6.0
.8
57.3
8.0
9.3
1.2
37.9
4.7
9.0
1.0
16.9
1.9
4.2
.6
15.4
1.6
3.5
.7
2.0
.2
.4
.1
1.8
.2
.3
0)
329.3
36.1
43.5
6.7
146 6
12.5
10.9
2.4
52.1
7.3
5.7
.8
56.8
8.0
9.1
1.1
37.9
4.6
9.2
1.0
16.8
1.8
4.3
.6
15.3
1.6
3.6
.7
2.0
.2
.4
.1
1.8
.1
.3
0)
Lumber and lumber products
Lumber and timber basic products __
Furniture and finished lumber
products.
84.1
73.3
48.7
44.6
12.5
10.8
12.7
10.5
5.9
4.5
2.3
1.6
1.7
1.1
.1
.1
0)
.1
84.4
73.4
48.8
44.6
13.1
11.2
12.4
10.2
5.9
4.5
2.3
1.7
1.7
1.1
.1
.1
(0
10.8
4.1
1.8
2.2
1.4
.6
.6
.1
0)
11.0
4.1
1.9
2.2
1.5
.7
.6
.1
0)
Paper and allied products
Printing and publishing
4.3
44.3
11
25.9
.4
7.3
7
5.8
.9
3.1
5
1.1
6
.9
.1
.1
4 2
45.5
1i
26.9
4
7.3
7
5.9
8
3.1
.5
1.2
.6
.9
.1
.1
Chemicals and allied products ._. ___ _
Chemicals and allied products
__
Products of petroleum and coal
12.2
10.8
1.4
5.2
4.5
.7
1.9
1.7
.1
2.1
2.0
.2
1.4
1.3
.1
.7
.6
.1
.6
.5
.1
11.7
10.4
1.3
4.7
4.0
.7
1.9
1.8
.1
2.2
2.0
.2
1.4
1.3
.1
.6
.6
.1
.6
.5
.1
Rubber products
Stone, clay, and glass products
1.4
13.2
.8
6.1
.1
2.5
.1
2.2
.1
1.2
.1
.5
.1
.5
1.5
12.5
.8
5.6
.1
2.4
.2
2.1
.1
1.2
.1
.5
.1
.6
Metals and metal products
_Primary metals
Fabricated metals
_
Machinery except electrical
Electrical machinery
Transportation equipment
Professional, scientific and controlling instruments
57.2
6.2
17.4
18.6
4 9
6.8
18.4
1.7
5.4
4.7
16
3.7
8.9
.7
2.9
3.4
6
.7
11.2
1.1
3.6
4.3
8
.8
8.3
1.1
2.6
2.9
7
.7
4.2
.6
1.2
1.3
4
.3
4.6
.7
1.3
1.5
5
.4
58.6
6.3
18.0
19.1
49
6.7
20.0
1.9
6.0
5.5
17
3.4
9.4
.7
3.1
3.6
.6
.8
11.1
1.1
3.6
4.2
.8
.8
8.2
1.0
2.6
2.7
.7
.7
4.1
.6
1.3
1.3
.4
.3
4.4
.7
1.2
1.4
.5
.4
.7
.1
.2
.2
.1
.1
3.4
1.3
.6
.6
.4
.2
.2
0)
Other manufacturing 3
25.4
13.7
3.8
3.9
2.3
.9
.7
0)
Transportation, communication and other
public utilities
178.9
136.4
18.6
13.4
5.9
2.1
1.9
.3
Wholesale trade
194.4
103.5
41.5
31.7
12.5
3.4
1.7
.1
1,656.6 1,289.9
76.5
56.6
484.2
424.7
71.9
37.8
92.3
65.3
317.4
213.7
226.5
209.0
387.8 282.8
221.4
11.2
41.6
14.3
14.6
61.3
14.1
64.1
107.2
5.2
13.5
13.6
8.3
32.8
3.0
30.9
28.4
1.9
3.0
5.1
2.8
7.6
.4
7.6
6.1
.6
.7
.9
.8
1.4
.1
1.6
3.0
.6
.5
.2
.5
.5
0)
.6
.3
.1
.1
Retail trade
General merchandise
Food and liquor
Automotive _
Apparel' and accessories
Eating and drinking places,
Filling stations ___
Other retail trade
.1
.1
0)
0)
0)
.8
.1
.2
.2
1
.1
0)
0)
0)
0)
0)
343.7
284.1
32.9
17.6
5.6
1.8
1.4
.2
Service industries
Hotels and other lodging places _ _
Personal services
Business services
Automobile repair _ _ ._ .
Miscellaneous repair
Motion pictures _
Other amusements
821.5
78.0
416.9
75.8
92.2
98.9
12.7
47.0
684.5
62.9
370.6
54.2
72.0
88.6
4.1
32.2
74.8
7.3
26.8
11.0
13.7
6.6
3.0
6.4
40.1
4.4
11.7
6.9
5.5
2.9
3.5
5.2
14.9
1.8
5.0
2.5
.9
.6
1.5
2.5
4.5
.8
1.9
.7
.1
.1
.4
.5
2.5
.7
.9
.4
0)
0)
.2
.2
.2
1 Less than 50.
2 Includes products of petroleum and coal.
s Includes tobacco and miscellaneous manufactures.
NOTE.—Detail will not necessarily add to totals because of rounding.
TECHNICAL NOTES
The sources of data and methods employed in the construction of business population estimates for all size classes combined were discussed in the technical notes to the article, "Revised Estimates of the Business Population," which appeared in the June 1949 issue of the
SURVEY. The size distributions of the number of firms in operation as of March 31, 1945-48
^rere estimated within this framework primarily on the basis of data furnished by the Bureau
of Old-Age and Survivors Insurance, showing estimated number of employers by size class and detailed industry. As a result of the procedure followed, the class with less than four employees
contains an estimate of firms having no paid employees, though such concerns are not covered
by the BOASI data. Since in most major industry divisions a substantial number of companies operate without paid employment, this bottom size class (including the 0-group) is
subject to larger errors of estimate than the other groups. The BOASI data were supplemented by information obtained from the Interstate Commerce Commission and the Railroad Retirement Board on the size distribution of firms operating interstate railroads and
certain related companies not covered by the Social Security Act.
In each year BOASI provided a global estimate of employment for all industries and size
classes as of March. The business population estimate of employment represents the B O ASI
total less employment in those industries not in the business population universe (such as
professional services), less employment in Alaska and Hawaii, plus employment in industries
not covered by the OASI program—chiefly railroads. Railroad and related employment
represent annual averages rather than the March level each year.
It should be noted that in the business population statistics, each firm is classified by size
according to the total employment of the firm and by industry according to the major activity
of the firm as a whole. As a result, the size distributions presented here will not necessarily
.1
.1
.1
0)
Finance, insurance and real estate
_
1
81
3
0
0
.8
.1
.1
.2
1
.1
.1
.1
.1
.1
0)
0)
0)
0)
.1
.1
.1
.1
.8
.1
.1
.2
.1
.1
0)
3. 6
1.5
.6
.6
.4
.2
.2
24.5
12.9
3.7
3.9
2.2
.9
.7
0)
.1
.4
186.5
143.0
19.1
13.6
6.0
2.1
1.9
.3
.4
.1
201.4
108.3
42.3
32.6
12.8
3.4
1.8
.1
.1
.3 1,704.2 1, 332. 3
78.8
59.0
.2
1 492.8 434.3
40.6
77.9
0)
68.4
95.4
0)
324.9
222.6
0)
211.2
229.3
0)
405.1
296.1
0)
224.3
11.1
40.8
15.1
14.3
62.4
14.6
66.0
170.3
5.2
13.2
14.9
8.4
31.1
3.1
32.5
29.3
2.0
3.1
6.0
2.8
7.0
.4
8.0
6.2
.6
.7
1.1
.8
1.3
.1
1.6
3.1
.7
.5
.2
.5
.5
0)
.3
.1
.1
.3
.2
0)
.1
.1
0)
0)
0)
. 0)
0)
0)
0)
0)
0)
0)
8
345.8
285.0
33.0
18.2
5.9
1.9
1.4
.2
852.8
78.2
428.2
80.7
95.4
104.6
13.2
52.4
711.5
62.8
382.0
57.8
75.7
94.4
4.3
34.4
77.1
7.5
26.6
11.6
13.3
6.7
3.1
8.4
42.1
4.5
11.8
7.4
5.3
2.8
3.7
6.5
15.1
1.8
5.0
2.7
.9
.6
1.5
2.5
4.4
.8
1.8
.7
.1
.1
.4
.5
2.4
.7
.8
.2
.1
0)
<
0)
0)
0)
0)
.2
C1)
.1
o)'1
0)
0)
0)
(0
.1
if8
8
Source: U. S. Department of Commerce, Office of Business Economics, based primarily
on data from the Social Security Administration, Bureau of Old-Age and Survivors' Insurance.
agree with distributions based on data in which size or industry classifications have been made
on an establishment basis.
The estimates of employment by size of firm and industry for every year include complete
data for firms with 10,000 or more employees. For all other size classes, estimates of employment within each detailed industry and size class for each year were prepared from the estimated number of firms in operation and the average number of employees per firm. Averages
of the number of employees per firm were derived from preliminary BOASI tabulations for
the first quarters of 1947 and 1948; in 1947, 5 percent of the firms and less than 3 percent of the
employment were not included in these tabulations, and in 1948, less than 1 percent of the
firms and employment were missing.
While in 1947 and 1948 an industry breakdown of employment by size was provided by
BOASI, in 1945 and 1946 only a size breakdown for all industries combined was obtainable.
As already mentioned, the number of firms in each size class and industry was also available.
In each detailed industry and size class, the average number of employees per firm was obtained from the 1947-48 statistics. These averages were then multiplied by the estimated
number of firms in each detailed industry and size category for 1945 and 1946 to yield a first
approximation of total employment in each cell.
For each size class these initial estimates of employment by industry were summed and were
then corrected to B OASI estimates of total employment within the size class; the adjustments
did not exceed a few percentage points in either year. A final adjustment in each size class
was made to include employment covered by the Railroad Retirement Board. In addition,
in 1946, the largest size class includes employment estimates for three very large firms whose
employment was abnormally low because of strikes.
The basic data underlying size estimates of new and discontinued business also came from
the B OASI. A description of methods used may be found in the technical notes in the June
1949 article mentioned above.
SUEVEY OF CUBKENT BUSINESS
20
May 1950
Table 8.—Paid Employment by Industry Division and Size of Firm, March 31, 1945-48
[Thousands]
Firms with—
All
size
classes
Industry
4-7
employees
0-3
employees
8-19
employees
20-49
employees
Firms with—
1,000
50-99 100-499 500-999 or
emememmore
ploy- ploy- ploy- emees
ees
ees
ployees
All
size
classes
0-3
employees
4-7
employees
March 31, 1945
8-19
employees
20-49
employees
1,000
or
50-99 100^99 500-999
emememmore
ploy- ploy- ploy- emees
ees
ees
ployees
March 31, 1946
33, 752
1,721
1,969
2,642
2,934
2,274
5,236
1,936
2,372
3,348
3,386
2,556
5,536
Mining and quarrying
798
16
23
48
70
61
200
78
302
829
16
26
56
78
65
198
81
Contract construction
1,073
106
119
167
146
97
162
53
225
1,493
139
197
303
274
172
236
49
122
16,901
8,527
8,374
103
16
87
222
37
185
590
115
475
1,087
239
848
1,091
284
807
3,080
984
2,096
1,432
627
805
9,298 14,643
6, 225 5,863
3, 073 8, 780
111
18
93
246
41
205
661
125
536
1,150
240
910
1,152
278
874
3,146
947
2,199
1,315
471
844
6,862
3,738
3,124
3,866
1,562
5,800
1,438
2,313
63
115
764
224
330
80
164
915
148
298
115
274
931
161
357
180
270
651
161
370
144
173
316
106
286
390
236
539
224
405
202
85
193
97
102
2,691
246
1,489
317
166
71
133
858
233
375
91
196
1,083
165
369
154
348
1,175
200
450
170
341
778
166
427
140
220
387
119
300
377
295
569
256
460
208
92
198
116
112
2,751
242
1,456
365
191
All industries
Manufacturing
Metals and metal products
Other manufacturing - __ _
Transportation, communication arid other public utilities
_
_
Wholesale trade
Retail trade
_
.. -..
Finance, insurance, and real estate
Service industries __
2,242 14, 734 33,605
3,962
1,868
6,504
1,621
2,685
March 31, 1947
All industries. _
Mining and quarrying.
Contract construction
Manu f ac turing
Food and kindred products
Textiles and textile products
Leather and leather products. -.
Lumber and lumber products
Lumber and timber basic products
Furniture and finished lumber products.
Paper and allied products
Printing and publishing
Rubber products
_
Stone, clay and glass products
_
_
Metals and metal products
Primary metals
Fabricated metals _. .
.
Machinery except electrical
Electrical machinery
Transportation equipment
Professional, scientific and controlling
instruments
Other manufacturing 2
310
March 31, 1948
35,754
2,104
2,503
3,546
3,494
2,617
5,724
2,201
2,584
3,660
3,593
2,664
5,712
860
16
27
58
76
68
205
83
327
898
17
30
66
82
77
208
89
1,823
173
231
339
301
195
311
86
187
2,053
195
267
384
340
224
335
101
207
15, 673
1,421
2,478
412
127
17
15
2
269
38
32
4
707
98
117
15
1,160
141
277
31
1,156
130
284
40
3,178
311
702
147
1,382
104
276
44
7,695 15, 839
583 1,464
775 2,598
129
423
130
17
14
2
274
38
31
4
703
98
116
14
1,159
139
286
31
1,148
126
291
38
3,142
312
726
151
1,371
109
298
44
7,912
625
839
139
1,143
815
328
27
22
5
66
57
9
156
129
27
179
135
44
156
112
44
316
197
119
96
61
35
147
101
46
1.146
802
344
28
23
5
69
59
10
153
126
27
178
133
45
157
112
45
326
202
124
97
62
35
138
84
54
464
710
1
20
2
38
9
70
27
92
37
75
117
169
54
79
218
166
462
733
1
21
2
38
9
72
26
94
34
79
115
172
53
72
222
185
5
5
10
9
1
26
24
2
44
40
4
46
40
6
130
105
25
72
63
9
684
409
275
1,098
744
354
5
5
10
9
1
27
25
2
43
39
4
44
38
6
128
103
25
68
59
9
772
465
307
6
1
13
2
27
5
37
6
35
27
119
20
58
240
224
298
520
1
12
2
25
4
37
5
36
30
116
22
58
234
228
6,614
1,311
1, 003
1 560
1,041
1,424
23
1
8
9
1
2
46
3
15
18
3
4
138
13
44
53
10
10
257
33
80
90
20
21
287
43
86
93
29
22
997
162
262
322
121
83
527
99
125
150
73
56
4,337
955
382
826
783
1,226
6,519
1,296
1,004
1,536
1, 012
1,397
26
2
8
10
2
2
49
4
16
19
3
4
138
13
44
52
10
11
251
33
80
84
21
21
276
42
86
87
25
22
927
152
244
299
106
78
495
80
134
149
66
44
4,357
970
391
837
778
1,216
275
595
2
12
3
20
8
48
13
70
14
61
47
142
24
55
165
190
274
578
2
11
3
20
8
47
12
68
14
59
48
141
22
57
165
173
2,852
1.017
695
322
Chemicals and allied products
Chemicals and allied products
Products of petroleum and coal
2,171 12,300
300
519
0)
0)
2,278 13, 485 36,450
0)
0)
2,287 13,749
328
Transportation, communication and other public utilities
4,146
76
95
160
177
142
398
211
2,887
4,123
80
98
163
180
145
399
207
Wholesale trade
1,980
146
214
376
367
226
323
94
235
1,985
149
218
389
377
231
324
91
206
Betail trade
General merchandise
Food and liquor___
Automotive
Apparel and accessories _
Eating and drinking places. . __
Filling stations
Other retail trade
6,821
1,361
1,251
523
560
1,389
229
1,509
928
51
240
36
62
204
102
233
1,125
57
207
75
75
315
69
328
1,231
62
152
164
95
375
32
353
811
58
84
145
80
216
11
216
407
43
51
59
54
91
4
104
579
133
103
28
101
87
1,540
881
368
15
68
83
121
201
77
47
1
26
18
1
31
7,016
1, 423
1,275
592
574
1,334
240
1,578
976
53
247
38
64
218
110
245
1,139
56
202
79
73
319
71
338
1,247
61
148
181
99
355
33
370
839
59
90
171
81
198
10
230
416
42
49
72
56
83
4
108
591
138
104
33
100
79
6
131
207
74
52
1
32
12
1
36
1,601
940
381
16
68
70
6
120
Finance, insurance and real estate
1,686
228
166
206
166
122
276
115
406
1,749
228
168
212
173
127
274
116
450
Service industries
Hotels and other lodging places
Personal services
Business services
_ __
Automobile repair
Miscellaneous repair
Motion pictures
Other amusements
2,765
467
905
480
244
142
258
269
409
34
181
52
74
39
379
37
134
56
68
33
16
33
469
53
136
81
61
33
43
62
436
54
151
74
25
18
42
73
302
53
126
48
7
6
27
35
455
145
145
75
7
8
41
35
106
46
13
21
1
2
19
4
208
46
20
72
0
t
2,788
466
901
495
243
140
252
290
426
35
185
55
77
40
6
29
390
38
133
59
67
34
16
43
496
54
138
88
60
32
46
78
443
54
152
79
26
17
43
72
295
52
122
47
8
6
27
34
439
141
142
73
7
6
38
32
106
50
10
24
1
1
18
2
192
42
19
70
0
4
58
0
_ __ _
25
1 Less than 500.
Includes tobacco and miscellaneous manufactures.
2
NOTE.—Detail will not necessarily add to totals because of rounding.
nt
65
Source: U. S. Department of Commerce, Office of Business Economics, based primarily
on data from the Social Security Administration, Bureau of Old-Age and Survivors Insurance.
I lew or
STATISTICAL SERIES
Department Store Sales—San Francisco Federal Reserve District: Revised Series for Pages S-9 and S—10 1
[1935-39 = 100]
Month
1919 1920 1921 1922 1923 1921 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948
WITHOUT ADJUSTMENT FOR SEASONAL VARIATION
January
February
March
\pril
May
June
47
47
51
57
59
59
68
61
67
71
80
75
70
64
66
67
73
67
63
58
61
69
77
67
71
69
76
79
87
80
79
77
79
84
87
81
78
77
84
90
94
85
83
82
93
92
97
89
86
86
93
100
100
91
89
88
93
103
102
92
93
89
99
98
106
94
89
89
94
102
99
92
82
79
90
93
94
83
66
65
70
66
67
61
50
50
49
64
64
61
57
61
70
68
69
63
64
68
72
84
80
79
71
74
85
93
93
94
81
85
102
100
105
99
81
79
87
99
100
94
83
86
95
106
104
100
89
92
108
107
113
108
100
104
115
129
131
127
130
133
148
150
144
140
153
192
174
192
184
188
169
180
200
200
203
196
200
220
237
208
221
219
216
255
261
291
287
293
256
283
301
306
309
303
280
294
326
332
339
338
July
August
September
October
November
December
53
58
68
73
73
115
64
72
78
80
81
120
58
64
71
73
72
109
59
67
71
82
84
128
73
84
94
93
143
70
78
84
92
93
143
78
84
91
100
105
155
79
91
102
103
107
170
82
94
105
106
111
167
87
97
108
113
111
179
87
97
108
110
114
182
79
91
99
101
101
158
75
83
88
86
89
131
53
62
68
71
63
103
59
65
70
68
67
118
58
70
79
79
81
134
72
79
91
96
96
153
87
91
108
107
109
175
90
98
111
112
110
175
85
94
99
104
114
171
91
100
115
120
116
197
101
111
127
123
133
213
120
153
156
145
158
236
140
160
188
194
223
301
170
183
202
223
256
331
188
204
228
243
300
380
217
213
247
259
324
410
271
294
330
338
382
515
282
312
348
352
419
574
310
338
355
346
391
582
63
76
71
74
86
87
93
99
102
105
106
100
89
68
65
74
86
99
106
101
109
119
140
171
204
224
248
311
337
353
Annual index
ADJUSTED FOR SEASONAL VARIATION
January
February
March
April
May
June
52
58
59
60
57
63
75
73
73
78
77
79
76
76
72
74
71
71
68
69
70
71
75
72
78
82
83
85
86
85
89
89
88
86
86
87
88
89
92
93
93
93
95
95
99
99
97
99
100
101
103
102
102
101
103
103
101
108
104
102
106
106
105
106
108
106
103
105
104
103
101
102
96
94
96
97
96
93
79
77
73
71
69
69
60
60
55
64
67
69
70
72
74
72
72
70
81
83
82
84
83
85
91
92
95
95
96
100
103
106
108
106
108
106
103
99
98
100
102
100
106
107
105
109
107
107
113
114
114
115
116
116
122
124
128
132
138
139
158
152
156
159
156
156
187
215
194
194
200
210
207
203
214
211
218
218
246
244
245
229
238
242
270
284
293
296
307
320
321
326
322
326
328
328
353
347
345
358
357
361
July
/Vugust
September
October
November
December
65
65
69
68
68
72
79
79
79
75
76
75
71
69
72
69
68
69
72
73
73
78
79
80
89
87
86
88
87
90
86
87
86
87
87
88
95
92
94
94
99
94
97
100
101
98
100
103
100
102
103
100
105
101
107
105
106
107
104
107
107
104
107
107
107
109
98
97
98
97
96
94
92
89
86
83
84
79
65
66
67
68
60
60
72
69
68
65
64
69
71
74
76
76
77
78
86
86
87
91
90
90
102
99
102
102
103
104
106
105
105
106
103
104
100
101
94
99
107
102
107
108
109
114
111
116
119
120
121
118
126
126
142
163
147
142
141
146
170
176
183
185
186
190
204
204
202
212
209
209
225
229
229
234
242
240
258
240
248
251
263
263
318
327
327
330
318
324
329
339
344
348
359
355
365
359
350
344
349
350
i Compiled by the Federal Reserve Bank of San Francisco. The indexes are revised to include data for a few new stores and to incorporate changes in seasonal factors in the postwar years.
Although data for some years were not alTected by the recent revision of this series, indexes for all years are shown for convenience. Data for 1949-50 appear on pp. S-9 and S-10 of the February
1950 SURVEY and subsequent issues.
New Business Incorporations (48 States): New Series for Page S—4 *
[Number]
New Nonfarm Mortgages Recorded ($20,000 and Under),
Estimated Total: Revised Series for Page S-7 1
[Thousands of dollars]
19452
Month
1916
1947
1948
Month
January
February
March
April
May
Juno
_
._
_ __
July
August
September
October
November
December
Monthly average
3
13, 006
10 554
12, 225
12, 469
12, 044
11, 402
12, 112
9 111
10. 247
9,802
9. 179
8 922
11, 000
7 873
9,346
9 223
8, 246
8 550
4, 173
4, 530
4,781
6,979
7 039
8,279
11 987
10, 400
9,551
10, 799
8 485
9,994
9 041
8,055
8, 561
9,609
7 873
10, 126
7 690
6.723
6. 930
6, 686
6 413
7,421
5, 964
11 076
9 387
8 008
January
February
March.
April....
May
June
_
_ _ ___
July
Aucust _
Sentcmber
October
November
December
Monthly average
1 Compiled by Dun & Bradstreft, Inc. The new series, substituted for that which included
4 States,
was shown first in the October 1949 SURVEY. For 1949-50 data, see p. S-4.
2
Data are for 47 States (excluding Louisiana).
3
Average of data for July-December.
1944
1945
1946
1947
301 . 284
309, 135
367, 604
368, 728
404, 551
421, 086
354, 766
339, 019
433, 893
457, 264
488, 648
488, 902
640, 240
625, 142
776, 394
898, 932
976, 993
931, 874
868, 452
790, 225
881,113
966, 600
989, 504
974, 980
935, 297
844, 253
981,562
1, 018, 698
1, 026, 498
1, 080, 778
410, 705
430, 491
415, 902
422 653
393, 544
360, 248
470, 703
491, 837
468, 260
559 657
564, 759
532, 111
997 688
1, 018, 216
945 409
1 030 515
888, 871
858, 894
1, 032, 437
1,016, 710
1 054,874
1 138 029
980, 109
1,035,644
1, 043 313
1, 048, 456
1 Oil 859
994 323
938, 313
958, 764
383, 828
470, 818
882, 431
977, 390
990, 176
1918
1
Compiled by Federal Savings and Loan Insurance Corporation. For monthly data beginning January 1949, see p. S-7 of the February 1950 SURVEY and later issues.
21
SUEVEY OF CUEEENT BUSINESS
22
May 195(
Employees in Nonagricultural Establishments, Adjusted: Revised Data for Page S-ll
1
[Thousands of employees]
Manufacturing
Total
Month
January.
February
March
April
May June
_
_ _ _ _
_ _„
July
August
September _ _ _ _ _ _ - _ _ - , _ _
October
November _
_ _
_ _ _ _ _
December
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
29, 669
29, 733
29, 823
29, 554
29, 784
30, 096
31, 341
31, 355
31, 279
31, 227
31, 366
31, 576
34, 228
34, 499
34, 740
34, 880
35, 654
36, 173
37, 984
38, 133
38, 403
38, 781
39, 188
39, 493
41, 551
41, 803
42, 065
42, 117
42, 042
42, 203
42, 017
41, 951
41,833
41, 623
41, 499
41, 467
41, 262
41, 325
41, 305
41,090
40, 802
40, 626
39, 440
38, 966
40, 049
40, 658
41, 051
41, 407
42, 895
43, 058
43, 212
43,115
43, 145
43, 325
44, 064
43, 932
44, 016
43, 785
44, Oil
44, 182
9,716
9,782
9,818
9,846
9,870
9,925
10, 641
10, 584
10, 469
10, 400
10, 435
10, 500
11, 782
11,972
12, 172
12, 450
12, 741
13, 059
13, 885
14, 048
14, 259
14, 459
14, 680
14, 846
16, 629
16, 864
17, 083
17, 219
17, 291
17, 461
17, 626
17, 604
17, 470
17, 322
17, 216
17, 135
16, 779
16, 810
16, 738
16, 598
16, 404
16, 082
13, 543
12, 790
13, 508
14, 204
14, 374
14, 535
15, 269
15, 320
15, 328
15, 321
15, 200
15, 163
15,44
15,37
15,39
15,16
15,17
15,23
30, 160
30, 324
30, 682
31, 087
31, 165
31, 267
31, 705
32, 025
32, 406
32, 851
33, 267
33, 862
36, 765
37, 098
37, 309
37, 409
37, 506
37, 627
39, 873
40, 298
40, 589
40, 886
41, 103
41, 420
42, 243
42, 162
42, 022
42, 108
42, 237
42, 062
41, 397
41, 378
41, 225
41, 106
41, 081
41, 204
40, 390
40, 072
38, 262
38, 245
38, 593
38, 793
41, 840
42, 346
42, 573
42, 674
42, 931
42, 914
43, 233
43, 408
43, 562
43, 698
43, 793
43,918
44, 316
44, 424
44, 476
44, 468
44, 403
44, 276
9,971
10, 054
10, 232
10, 497
10, 554
10, 619
10, 577
10, 776
10, 930
11, 128
11, 323
11, 566
13, 372
13, 496
13, 575
13, 619
13, 685
13, 742
15, 110
15, 374
15, 621
15, 860
16, 075
16, 382
17, 563
17, 600
17,611
17, 733
17, 828
17, 687
17, 044
16, 976
16, 841
16, 729
16, 659
16, 708
15, 699
15, 256
13, 358
13, 281
13, 324
13, 291
14, 786
14, 997
15, 169
15, 143
15, 247
15, 246
15,072
15,121
15, 191
15, 246
15, 324
15, 377
15,33
15, 33
15,34
15,32
15, 25
15,05
30, 287 32, 031 36, 164 39, 697 42, 042 41, 480 40, 069 41, 412 43, 371 44, 201 10, 078 10, 780 12, 974 15, 051 17, 381 17,111 15, 302 14, 461 15,247 15, 28
Monthly average
Contract construction
Mining
Transportation and
public utilities
Trade 2 3
Service",.3
Finance
Government
J
Month
1947
1946
January
February
March
April
May
_
June
__
_ ._ _ _
-___
July
August
September
October
November
December
_____
_
_ -
___
__ _- __
Monthly average
1948
1946
1947
1948
1946
1947
1948
1946
1947
1948
1947
1948
1946
1947
1948
1946
1947
1948
866
862
865
550
767
881
929
933
932
909
936
946
980
975
987
873
990
1,001
1,341
1,406
1,478
1,559
1,601
1,636
1,870
1,889
1,898
1,919
1,917
1,985
2,120
2,013
2,063
2,103
2,132
2,180
3,970
3,978
4,018
4,011
3,947
3,964
4,096
4,095
4,120
3,977
4,053
4,146
4,129
4,149
4,152
4,074
4,130
4,152
8,323
8,460
8,628
8,633
8,683
8,747
8,985
9,010
9,061
9,095
9,130
9,173
9,417
9,412
9,359
9,478
9,472
9,510
1,607
1,607
1,607
1,618
1,624
1,630
1,682
1,691
1,696
1,700
1,708
1,719
4,242
4,284
4,332
4,474
4,448
4,430
4,669
4,701
4,751
4,771
4,801
4,810 .
4,794
4,800
4,814
4,813
4,816
4,800
5,658
5,665
5,678
5,668
5,661
5,631
5,470
5,503
5,515
5,505
5,484
5,472
5,49!
5,521
5,54'
5,58:
5,581
5,58J
895
908
909
909
911
901
918
953
955
962
968
976
967
998
1,002
998
998
1,003
1,700
1,764
1,797
1,819
1,850
1,882
1,990
2,031
2,050
2,063
2,061
2,072
2,194
2,207
2,214
2,223
2,242
2,245
4,007
4,045
4,059
4,097
4,104
4,075
4,145
4,159
4,164
4,169
4,157
4,179
4,171
4,166
4,168
4,195
4,170
4,158
8,841
9,013
9,018
9,059
9,146
9,192
9,214
9,270
9,317
9,354
9,349
9,366
9,528
9,577
9,566
9,533
9,500
9,537
1,644
1,654
1,663
1,676
1,678
1,684
1,716
1,725
1,734
1,737
1,738
1,741
4,426
4, 430
4, 430
4,461
4,474
4,465
4,810
4,821
4,837
4,834
4,824
4,804
4,794
4,802
4,801
4,787
4,782
4,781
5,586
5,573
5,572
5,549
5,558
5,509
5,440
5,399
5,385
5,394
5,432
5,460
5,60^
5, 61',
5,64<
5,67^
5,7£
5,75(
852
943
981
1,661
1,982
2,165
4,023
4,122
4,151
8,815
9,196
9,491
1,641
1,716
4,408
4,786
4,799
5,607
5,454
5,61c
1 The data, adjusted for seasonal variation by the Board of Governors of the Federal Reserve System, are based on estimates of the TJ. S. Department of Labor, Bureau 01
I^abor Statistics. The estimates have been adjusted to levels indicated by final 1947 data made available by the Bureau of Employment Security of the Federal Security Agency; they include all full- and part-time employees in nonagricultural establishments employed during the pay period ending nearest the 15th of the month. Proprietors, self-employed persons, domestic
servants, and personnel of the armed forces are excluded.
These adjusted series incorporate not only the recent revision in the basic data of the U . S . Department of Labor (effective beginning September 1946) but also reflect changes in the seasonal
factors which for total employment and for the manufacturing industry begin in 1939, and for trade and government affect a few months in 1943-45. Data for 1949 are on page S-ll.
2
Revisions not shown above are as follows (in thousands): Trade, 1943—August, 7,335; November, 7,353; 1944—August, 7,426; November, 7,462; 1945—January, 7535; August, 7,655;
November, 7,982; December, 8,093. Government, 1944—September, 6,049; October, 6,052; November, 6,091; December, 6,126; 1945—September, 6,003; October, 5,796; November, 5,719;
December,
5,657.
3
Data for the trade and service divisions, beginning with January 1947, are not comparable with data shown for the earlier period because of the shift of the automotive repair service
industry from the trade to the service division.
Revised Series for Page S-37 l
Newsprin t—Canada (Including Newfoundland):
[Short tons]
Production Shipments
from mills
January
February
March
April -.
May
June
July
Aucust
September, _
October
November
December
._ __ _
_ __
_ _
Monthly average _.
Stocks, at
mills, end
of month
Production Shipments
from mills
Julv
August September
October
November
December
_
_ _
_ _
_ _-
_
_
_ _
__
Monthly average
footnote at end
of table on p. 23.
Production Shipments
from mills
Stocks, at
mills, end
of month
245,
225,
249,
221,
227,
221,
352
173
958
690
667
883
181,616
177,011
198, 900
228, 857
213, 847
228, 567
159, 2.57
207, 419
258, 477
251,310
265, 130
258, 446
230, 925
222, 760
245, 457
244,241
272, 313
203, 482
216,
190,
222,
230,
299,
252,
217
362
740
771
918
784
222. 889
255, 287
278, 004
291,474
263, 869
274, 567
282,
260,
270.
296.
354,
345,
798
156
135
640
296
401
272, 372
233, 716
261. 095
296. 876
374, 898
376, 626
268, 438
294, 878
303, 918
303, 682
283, 0»0
251 855
346, 128
350, 1 80
343, 257
343, 947
329, 903
318, 650
323,
354,
332,
378,
403,
407,
781
404
775
414
697
316
286. 190
281, 9G6
292, 448
257, 981
184, 187
95, 521
223,
233,
254,
278,
274,
236,
518
280
238
778
939
508
231, 941
225, 481
258, 134
282, 384
300, 546
?53, 040
250, 023
257, 822
253, 926
250, 320
224. 713
208. 181
253. 425
207, 595
279, 965
309, 728
318, 425
266, 228
242, 018
270, 085
297, 711
305, 252
312, 714
284, 141
285. 974
283. 484
265, 738
270, 214
275, 025
258, 012
364,
347.
312,
341,
313,
280,
051
906
627
901
120
915
380, 043
353, 788
314,511
315, 080
310, 782
314, 032
235, 803
229 981
228, 097
254,918
257, 256
224 139
333, 162
335, 989
234, 857
241, 082
231, 694
237, 085
264, 545
260, 393
268, 786
314, 162
316, 985
261 342
1942
Production Shipments
from mills
_ _
Stocks, at
mills, end
of month
184
358
421
051
131
843
Month
_
Production Shipments
from mills
171,
231,
249,
241,
263,
263,
810
503
878
318
522
846
1941
January
February
March
April
May
June
Stocks, at
mills, end
of month
1940
277, 069
244, 329
314, 815
335, 688
318, 442
341, 134
318,
304,
332,
327,
340,
341,
_ _. _ _ _
1939
1938
1937
Month
293,
273,
306,
306,
313,
302,
571
646
868
800
291
407
273,
259,
290,
316,
312,
309,
323,
321,
327,
348,
328,
325,
024
737
431
543
074
273
334, 762
327, 917
328, 715
343, 480
350, 737
354, 854
314, 222
316, 803
459
938
058
045
175
493
Stocks, at
mills, end
of month
244,
257,
274,
265,
266,
259,
251
9.59
769
524
640
554
1944
1943
Production Shipments
from mills
Stocks, at
mills, end
of month
Production Shipments
from mills
Stocks, at
mills, end
of month
Production Shipments
from mills
Stocks, at
mills, end
of month
340, 526
305, 431
323, 835
303, 707
276, 826
263, 107
315, 287
280, 584
330, 746
265, 254
283, G68
278, 192
218,
243,
236,
274,
267.
252,
410
257
346
799
957
872
247, 169
235, 603
262. 468
242, 707
270, 425
278, 383
227,
239,
261.
264,
271,
300,
335
035
577
390
316
364
178, 666
175 234
176, 125
154, 442
153 551
131, 570
263,
261
270,
256,
286
268,
521
591
960
078
295
899
223,
242
253
28C,
288
299,
247, 816
241, 636
240, 352
245, 415
222, 752
193, 171
261,
270,
280,
293,
271,
263,
266,
281,
322,
322,
282,
260,
247,
236,
195,
166,
1,55.
158.
876
f>04
308
499
682
832
287, 075
281, 407
274, 433
283, 759
283. 191
272. 384
312,
287,
271
271,
289,
276,
695
871
055
964
660
016
105, 950
99, 486
102 864
114. 659
108, 190
104 558
266,
287,
269
282,
284,
266,
208
934
685
204
353
853
279 958
286, 785
284 055
296 026
275, 026
261 241
109 832
110 981
90 Oil
82 789
92,116
97 728
246, 653
287, 877
221. 204
268, 250
272 773
133 775
272 048
272 618
126 180
284
234
931
377
643
627
280
506
227
186
460
477
290, 739
036
665
866
620
896
237
145
163
181
156
153
123
043
969
003
521
920
582
SUEVEY OF CUEEENT BUSINESS
May 1950
23
Revised Series for Page S—37 1—-Continued
Newsprint—Canada (Including Newfoundland):
[Short tons]
1946
1945
Month
Production Shipments
from mills
January February
March
__
April
May_
June
_ _
.
July
AugustSeptember
October
November
December
_
Monthly average. _
Stocks, at
mills, end
of month
1947
Production Shipments
from mills
291, 356
265, 634
290, 888
273, 168
292, 524
294, 292
252,
240,
288,
281,
290,
298,
399
970
565
246
750
523
136, 685
161, 349
163, 672
155, 594
157, 368
153, 137
359,
335,
365,
367,
391,
363,
297,
314,
297,
341,
328,
304,
471
427
824
259
781
277
314, 480
337, 177
298, 123
330, 986
325, 439
294, 250
136, 128
113, 378
113, 079
123, 352
126, 694
136, 721
299, 325
296, 076
139,
763
Stocks, at
mills, end
of month
1948
Production Shipments
from mills
Stocks, at
mills, end
of month
346, 095
305, 364
344, 068
379, 229
397, 367
354, 066
149, 826
180, 288
201,524
189, 652
184, 031
193, 040
402,
371,
404,
398,
412,
385,
207
005
425
879
901
763
367, 476
341. 551
397. 118
406, 863
430, 201
424, 628
181,
210,
218,
210,
192,
153,
388, 357
403, 107
359, 549
409, 017
395, 193
368, 332
391,
393,
366,
410,
426,
381,
190, 381
199, 679
192, 306
191, 023
159, 578
146, 474
412, 317
409, 814
399, 435
430, 621
394, 973
397, 824
413, 013
418, 242
411, 752
427, 566
422, 101
412, 772
375, 505
374, 688
181,
401, 680
406, 107
200
826
304
357
746
075
016
809
922
300
638
386
484
Production Shipments
from mills
Stocks, at
mills, end
of month
399, 835
369, 428
416, 182
418, 249
420, 799
415, 051
372, 507
349,918
403, 254
408, 641
442, 937
422, 869
120,
140,
153,
162,
140,
132,
153, 171
144, 743
132, 426
135, 481
108, 353
99 367
424,
422,
408,
435.
432,
420,
409, 698
422, 323
432, 148
419, 308
441, 462
441, 979
147, 625
147, 560
124,222
140, 251
130, 886
103, 233
161,679
415, 236
413,
137,
255
709
016
032
732
867
500
258
810
337
097
288
920
733
243
171
779
641
823
014
1
Compiled by the News Print Service Bureau. Data have been revised to include figures for Newfoundland. For monthly data beginning January 1949, see p. S-37 of the April 1950 SURVEY
and later issues.
Paper, Excluding Building Paper, Newsprint, and Paperboard: Revised Data for Page S-37 1
[Short tons]
Total paper 2
Fine paper
Orders
Orders
1948
Unfilled,
end of
month
New
January
February
March_ _ _
April _
May
June
-
.
__
_
_
______
___
July
August _ _
September
October
November
December
_
_ _ _ _
_ _ _
_
Monthlv average^
_ _ _ _ _
_ _ _ _ _ _
__
_ _ _
___
_
Production
Shipments
Stocks,
end of .
month
Unfilled,
end of
month
New
770, 156
710, 628
773, 107
766, 972
767, 521
748, 102
763,711
713, 540
765, 259
763, 731
760, 449
736, 258
220, 214
222, 511
223, 248
228, 657
235, 303
247,481
111,218
88, 763
106, 277
92,011
84, 296
89, 330
121, 233
110, 910
122, 985
112,973
97, 069
91,841
105, 912
96, 340
104, 554
101, 298
100, 060
98, 675
107, 458
94, 725
102, 960
100, 476
100, 727
94, 716
52, 224
53, 657
54, 989
55, 231
54, 254
60, 308
682, 374
697, 880
732, 105
731,696
681, 182
706, 807
542, 157
505, 664
513, 552
482, 500
421,325
428, 285
682, 029
747, 946
733, 971
771, 602
740, 758
711,477
681, 919
742, 936
725, 541
770, 759
723, 150
707, 718
243, 995
253, 395
264, 458
268, 120
274, 358
285, 061
77, 549
77, 553
78, 440
79, 271
72, 140
76, 955
84, 793
66, 579
55, 440
48, 158
38, 897
42, 802
85, 740
94, 647
92, 834
92,015
84, 549
85, 078
85,317
92, 263
89, 707
91, 338
79, 566
81, 208
63, 166
63, 876
68, 469
69, 481
76, 442
86, 501
723,
532,
743, 689
737,914
247, 275
86, 150
82, 807
95, 142
93, 372
63, 217
423
406
Coarse paper
Orders
New
July
August
September
October
November
December
__
_
_
_
_
_
_
_____
______
__
_ _ _ _ _
Monthly average
_
_
_
_ _
Orders
Unfilled,
end of
month
Production
Shipments
Stocks,
end of
month
New
Unfilled,
end of
month
Production
Shipments
Stocks,
end of
month
277, 010
238, 577
276, 565
252 858
266, 065
271, 376
265, 585
256, 720
258, 260
248, 610
254,114
254, 415
271, 433
252, 469
269, 693
266, 908
271, 149
269, 463
267, 780
253, 993
265, 905
262, 063
267, 040
264, 143
66, 630
68, 031
68, 581
72, 930
79, 763
82, 418
258, 885
232, 618
258, 926
250, 974
250, 326
245, 334
144, 573
142, 508
139, 849
131,083
129,416
129, 926
255, 840
233, 944
259, 288
255, 740
258, 615
247, 795
252, 996
236, 928
257, 363
258, 739
255, 185
246, 081
61, 005
60, 351
58,611
55, 757
58, 076
60, 670
238, 816
236, 730
269, 961
253, 111
234, 103
253, 051
252, 398
238, 319
253, 893
240, 381
206, 199
204, 697
239, 911
256, 375
258, 549
271, 845
263, 386
255, 600
240, 131
254, 750
256, 394
270, 527
259, 345
250, 681
80, 099
83, 830
83, 877
85, 719
87,610
91, 168
243, 545
255, 239
248, 999
259, 271
244, 005
247, 701
132, 228
130, 100
131,712
123, 277
109, 209
113,486
234, 424
264, 940
248, 260
265, 660
258. 030
242, 310
234, 195
264, 823
245, 132
267, 481
251, 532
247, 343
57, 018
60, 655
63, 654
63, 204
62, 062
58, 900
255, 685
244, 466
262, 232
259, 396
79, 221
249, 652
129, 781
252, 071
251, 483
59, 997
1 Compiled by the American Paper and Pulp Association. Data are adjusted to Bureau of the Census final figures for 1948.
Excluding building paper, newsprint, and paperboard.
2
Stocks,
end of
month
616, 026
603, 557
600, 387
570, 980
554, 573
549, 869
1948
___
Shipments
780, 762
684, 345
778, 531
735, 477
735, 540
734, 371
Printing paper
January^
February
March
__
April
May
June
Production
SURVEY OF CURRENT BUSINESS
24
The Postwar Furniture Market
(Continued from p. 11)
there appears to be room for substantial growth in credit at
the present time. It is likely that a return of installment
buying to its prewar importance would have a stimulating
influence, even through credit developments before the war
had no distinguishable effect on furniture demand.
There is evidence, both in the behavior of aggregate expenditures and in reports from trade sources, that the increased availability of credit when regulations ended on June
30, 1949, aided the upturn in furniture sales in the second
half of the year. The ratios of installment to total sales at
furniture stores and of credit outstanding to disposable income and the average duration of installment indebtedness
all advanced significantly. However, they still remained
below the values shown prior to the war. Thus, more extensive installment buying may be acceptable to both the
retailer and the consumer, provided that the funds necessary
to finance the extension are available.
Expenditure Surveys
In addition to changes in aggregate demand from year to
year, variations in demand among groups of consumers are
of interest. The relation of consumption habits to the
characteristics of the individual consuming unit could best
be determined by sample surveys if adequate data were
available.
Among the advantages of the survey approach are the
ability to determine the direct effect on each consumer's
outlays of a variable such as income and, in particular, to
take account of the distribution of income, wealth and
similar factors; the opportunity to measure factors like
consumer inventories, about \vhich usually there is little or
no aggregate information available; and the fact that, when
these surveys are repeated over a period of time, changes in
consumption patterns may be disclosed which would not
show up in studies based on over-all data. The major disadvantages of the survey method are its cost, and the wellknown fact that some types of data are subject to serious
reporting biases in this kind of survey. Moreover, there
is little historical information available from such surveys
up to the present time.
The Survey of Consumer Finances, carried out annually
in the postwar period by the Board of Governors of the
Federal Reserve System, differs from earlier public surveys
of expenditures in covering purchasing intentions as well as
actual outlays. From the information on furniture included
in these surveys up to now, it appears that plans to buy
National Income and Product in the First
Quarter of 1950
(Continued from p. 7)
Transfer payments, apart from the veterans' insurance
dividends discussed above, were raised about $% billion, at
annual rates, by expansion of unemployment compensation
benefits. The apparent contradiction between this increase
and the rise in seasonally adjusted employment is attrbutable largely to concomitant growth of the labor force and
perhaps also to other factors related to the coverage and
administration of the unemployment-insurance programs.
TEMPORARY RISE IN PERSONAL SAVING
The large block of Federal individual income tax collections of year-end settlements on the previous year's liabilities declined substantially in 1950 as compared with corre
May 1950
furniture may be useful in indicating movements of actual
expenditures, but are not satisfactory for direct estimates
of dollar outlays. However, more experience will be
required to assess the value of this information in analyzing
furniture demand.
The most recent survey, covering buying plans for 1950
of consumers as of the early months of this year, reported
that intentions to purchase furniture were little different
from those expressed in the corresponding survey a year
earlier and relating to 1949.
Summary
Expenditures for furniture, both in dollar and in quantity
terms, are now at a rate surpassing any previous year on
record. The major factor accounting for the strength of this
demand is the high level of disposable personal income, which
has been swelled even further in the first quarter of 1950 by
the payment of the National Service Life Insurance dividend.
The activity of residential building has also been important
in sustaining furniture buying.
A quantitative relationship has been presented for measuring furniture demand on the basis of the prewar expenditure
pattern. The current high rate of expenditure appears to
be closely in line with this relationship, which makes allowance not only for the level of income and residential construction, but also for the growth in the number of households
and for the advances in furniture prices. Compared with the
prices of other goods and services, the price of furniture is
substantially higher than before the war. However, the
ratio of furniture prices to the over-all consumer price index
has been tending downward since 1945.
In the years immediately following the end of the war, the
backlog demand created by wartime restrictions on furniture
production, together with the liquid assets accumulated by
consumers during the war, had helped to push expenditures
beyond the values indicated by the historical pattern. However, there is little indication that this backlog is still of great
importance at present prices, although there may well be a
larger-than-normal replacement demand at lower price
levels.
It is also noteworthy that installment sales of furniture
currently form a smaller proportion of all furniture sales
than in the period 1939-41, despite the sizable increase of the
past few years in installment credit outstanding. Moreover,
installment credit outstanding is lower relative to disposable
income than at any time during the period 1929-41. Consequently, there is little reason to expect that installment
credit will be a limiting factor on furniture sales for some
time to come.
sponding collections in 1949, but this drop was approximately
offset by a reduction in refunds. Accordingly, net personal
taxes varied but slightly from the fourth quarter of 1949 to
the first of this year, and disposable income followed closely
the movement of total personal income.
Consumption expenditures did not keep pace with the spurt
in disposable income. As a result, personal saving is shown
in table 3 to have risen from an annual rate of $11 billion in
the fourth quarter to $18% billion in the first. Predominantly, of course, the rise represented saving—much of it
doubtless temporary—of the N. S. L. I. payments. Thus the
increase in saving does not indicate a change in the basic
propensity of consumers to spend, which is obviously high.
It simply reflects the fact that the spending of the insurance
refunds will be spread over a longer time than their receipt.
Accordingly, consumer expenditures in the second quarter
will be influenced by the delayed effects of the disbursements
through March, as well as by additional payments subsequent to that date.
Wlontki
BUSINESS STATISTICS
JL HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume (price $1.25) contains monthly data for the years 1945 to 1948, and monthly averages for earlier years back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1945. Series added or revised since publication of the 1949 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical
data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers and dollar values refer to
adjustment of monthly figures for seasonal variation. Data subsequent to March 1950 for selected series will be found in the Weekly
Supplement to the SURVEY.
Monthly averages for 1949 are shown in the March 1950 issue of the Survey of Current Business. Copies of that issue (price 25 cents)
are available from Department of Commerce field offices or from the Superintendent of Documents, U. S. Government Printing Office,
Washington 25, D. C.
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
1949
March
April
May
June
July
1950
August
September
October
November
December
January
February
March
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income total
bil of dol
Compensation of employees, total
do
Wages and salaries, total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, total^ do
Business and professional of
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
Gross national product, total
Personal consumption expenditures, total
Durable goods
Nondurable goods
do
do
do
do
Gross private domestic investment
do
New construction
_
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil of dol
Federal (less Government sales)
do
State and local
do
Personal income total
Less- Personal tax and nontax payments
Equals* Disposable personal income
Personal saving§
do
do
do
do
224.7
141.9
136.5
116.1
4.1
16.3
5.4
47.1
24.1
16.4
6.7
220.8
140.8
135.4
114.7
4.1
16.6
5.5
45.1
24.1
14.3
6.7
220.7
141.1
135.6
114.4
4.2
16.9
5.5
43.1
24.0
12.6
6.6
219 1
140.9
135.3
113 5
4.5
17.3
56
43 7
24 0
12 9
6 8
31.6
29.4
11.5
17.9
2.2
4.1
30.7
26.4
10.6
15.8
4.3
4.2
32.3
28.9
11.4
17.5
3.3
4.2
30
29
11
18
262.0
178.7
23.0
100.4
55.3
40.0
16.8
20.7
2.5
1.0
257.9
179.3
23.6
99.8
55.9
33.2
16.4
20.0
-3.2
1.2
254.6
179.7
25.7
97.6
56 5
32.1
17.4
19.6
-5.0
-.3
42.3
25.2
17.1
44.2
26.4
17.8
43.2
25.0
18.2
212.0
18.6
193.4
14.8
210.0
18.6
191.4
12.1
208.2
18.6
189.5
9.8
142 8
136 7
115 1
4 4
17 2
61
44 7
25 0
12 9
6 8
2
5
2
2
7
4 3
r
~
4 3
256 7
179 8
25 2
97 7
56 9
33 7
18.7
18 7
—3 7
—2 0
43 7
25 0
18 8
209
18
190
10
263 9
182 7
26 9
98 1
57 7
41 1
20 1
19 3
17
—2 1
42 2
23 2
18 9
3
6
7
8
219
18
201
18
9
7
3
6
PERSONAL INCOME. BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
_bil. of dol__
Wage and salary receipts, total
do
Employer disbursements, total
do
Commodity-producing industries
do
Distributive industries—.
do
Service industries
do
Government
do
Less employee contributions for social insurance
bil. of dol_Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends. _do
Total transfer payments
do
Total nonagricultural income
210.2
132.3
134.6
57.4
39.4
17.3
20.5
210.5
133.9
136.0
57.4
40.7
17.3
20.6
210.2
133.7
135. 9
57.0
40.9
17.4
20.6
209.4
132.9
135.2
56.7
40.3
17.3
20.9
207.2
133.0
135.2
56.4
40.5
17.1
21.2
209.1
133.4
135.6
56.9
40.5
17.1
21 1
208.3
133.7
135.9
57.1
40.5
17.1
21.2
207.0
132.7
134.9
55.5
40.2
17.5
21 7
209.4
132.5
134.7
56.0
39.5
17.4
21 8
211.9
134 4
136.6
57.4
39.9
17 4
21 9
218.1
133 7
136. 5
57.1
40.1
17 6
21 7
'2.3
' 2.1
' 2.2
2.1
46.2
17.0
12.6
2.1
45.0
17.1
12.4
2.1
45.2
17.0
12.2
'2.3
2.1
45.1
17.0
12.3
2.2
2. 1
42.8
16.9
12.4
2.2
2.1
43.9
17.1
12.6
2.2
2.1
42.7
17.2
12.6
2.2
21
42.9
17.3
12.0
2.2
2 2
44.9
17.4
12.4
2.2
2 2
43.5
18.9
12.8
2.8
22
46 5
17.4
18.3
2.7
2 2
' 41 1
'17.6
22.1
2.8
2 4
43 7
17.9
23.5
do
190.5
191.8
191.4
190.5
190.2
191.4
192.2
190.3
191.3
194.5
198 7
' 202 7
206 7
of dol
do
do
do
do
do
do
4,460
1,850
_
219.1
' 133 1
' 135. 8
56.5
'39.9
17 8
r 21 6
222.7
135 2
138. 0
58.4
40.2
17 8
21 6
NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly total
mil.
Manufacturing _ _ __ _
__
Mining
Railroad
__ __
Other transportation
Electric and gas utilities
_
Commercial and miscellaneous
190
360
130
680
1,260
4,660
1,880
190
380
140
780
1,290
4,370
1,690
180
310
140
790
1,260
i 4 no
i i ego
i 17Q
i 250
i go
i 740
1
1. 170
4 630
],830
180
300
120
890
1, 320
r
Revised.
i Estimates based on anticipated capital expenditures of business.
d"Includes inventory valuation adjustment.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
Digitized885501°—50
for FRASER
4
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May
1950
1949
March
April
May
June
July
August
September
October
November
December
3, 050
3,038
1,722
1, 316
2,326
January
February
March
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total J
mil. of dol
Farm marketings and CCC loans, totaL do -_
Crops
do
Livestock and products, total
_ __ do_
Dairy products
do
Meat animals
_ _ _ do__ _
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:^
All commodities
._ 1935-39=100..
Crops
do
Livestock and products
- - do_
Indexes of volume of farm marketings, unadjustcdrj.
All commodities
__1935-39=100..
Crops
.do _ _
Livestock and products
do
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
1935-39=100
' 1,915
' 1, 888
1,850
1,823
1,944
1,915
2,053
2,036
2,177
2,168
'•GSS
592
639
757
972
1, 253
1,231
1,276
1,279
327
242
326
623
265
361
627
259
359
647
239
'284
'222
'331
275
209
325
288
224
337
-118
114
81
140
r
'676
'93
'137
2,608
1,196
2,417
2,411
1, 162
1,249
347
592
233
328
661
245
304
705
250
306
265
338
326
340
316
363
407
330
123
89
149
132
110
148
HI
145
138
162
190
140
2,601
1 327
1,274
3 139
3,127
1 773
1,354
2,317
1, 175
1,142
2, 254
2, 238
1 099
1.139
1,614
1,596
1.674
1,642
581
478
1,015
1,164
298
787
255
266
735
303
267
603
262
290
676
165
276
574
156
315
639
200
392
465
336
471
621
357
457
603
347
349
411
301
337
385
301
240
203
268
247
167
307
168
209
138
202
270
150
193
246
153
155
170
144
154
168
143
109
92
123
112
72
142
181
177
174
170
163
174
' 178
169
174
178
179
' 177
190
183
179
176
169
181
' 188
179
180
186
189
'189
•p 191
Durable manufactures
__ do
Iron and steel
do
Lumber and products _
_ ___
do _
Furniture
do
Lumber _ .
_ do
Machinery
do
Nonferrous metals and products
do_
Fabricating
do
Smelting and refining
__
do
Stone, clay, and glass products
_ do _.
Cement __
_do
Clay products
do
Glass containers
_
do
Transportation equipment
do
Automobiles (incl. parts)
_
do -
221
233
124
150
110
252
183
172
210
185
171
163
178
240
204
212
219
126
144
195
177
129
139
124
225
133
108
192
188
209
151
204
240
211
186
156
121
136
113
217
127
105
179
187
209
140
214
249
225
194
178
134
148
126
216
141
128
174
190
207
149
212
246
225
200
179
141
158
132
224
157
150
175
191
219
151
199
252
231
176
102
138
165
125
226
164
162
167
193
211
154
210
238
216
181
145
144
163
134
217
201
201
145
170
132
227
166
162
175
181
187
154
177
211
181
206
203
130
167
111
' 204
P211
240
167
151
209
186
202
160
179
235
203
202
204
129
139
124
232
145
123
200
190
206
156
202
220
184
Nondurable manufactures . _ _ _ _ _do _
Alcoholic beverages
_
do
Chemicals products
do
Industrial chemicals
__ _ .
do Leather and products
do
Leather tanning
. _ _
do
Shoes
do
Manufactured food products
do
Dairy products
do
Meat packing _ _
_ _ _ do
Processed fruits and vegetables
do
164
173
248
427
113
99
123
145
124
141
159
163
239
417
106
96
113
148
160
134
160
182
233
406
101
95
105
156
203
138
161
190
230
404
104
95
110
165
223
139
156
188
225
392
94
80
104
172
222
140
170
179
226
388
110
90
123
189
197
134
' 178
181
180
245
414
108
99
115
177
121
155
Manufactures.. _ _ _.
do
179
238
405
114
98
125
190
159
145
85
94
102
133
181
287
267
151
146
144
143
148
213
178
156
182
142
120
275
122
163
142
209
182
157
177
129
111
240
112
153
139
207
175
158
178
123
103
214
118
170
128
155
169
138
202
159
148
178
126
105
217
120
179
125
198
139
133
175
120
87
238
109
152
148
203
146
143
178
140
111
259
134
184
160
208
145
159
' 174
do _ _
do
do
- do- _ _ _ _
do _
do
131
137
52
93
163
93
146
148
88
144
156
134
148
149
105
144
155
142
137
135
78
104
153
150
128
126
93
80
147
140
. __ _ _ do
_
184
179
174
169
do -
193
184
179
do _
do
do
do
do
do do
do
do
223
129
119
183
212
126
118
167
210
195
208
171
178
Paper and products
Paper and pulp
Petroleum and coal products _
Coke -_
_ _
Printing and publishing
_ _
Rubber products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
_
Tobacco products
Minerals
Fuels
Anthracite
Bituminous coal
Crude petroleum
Metals
11.6
Adjusted, combined index 6"
Manufactures
Durable manufactures
Lumber and products
Lumber
Nonferrous metals
__ _
Smelting and refining
Stone, clay, and glass products
Cement
Clay products
Glass containers
do
do
do
do.
do
do
do
do
do
do _
do
' 164
161
170
188
206
153
195
206
175
178
171
247
417
98
95
101
162
97
172
175
151
' 249
'422
101
99
103
156
96
186
201
' 137
173
' 119
237
' 229
P 183
205
•P
P
p
p
p
P
p
p
149
174
137
243
194
100
207
182
179
174
191
181
168
' 183
' 183
' 202
' 181
' 147
' 202
' 241
' 223
' 149
' 211
' 183
p 217
P 191
175
143
249
421
108
96
116
149
95
183
176
142
250
P 175
160
157
P 152
202
' 424
118
109
124
201
162
P 250
p 428
P
P
P
P
193
123
103
92
'86
126
148
126
148
P85
176
177
167
178
179
P 179
160
219
158
162
168
205
102
167
187
175
138
340
158
172
' 193
155
127
294
139
185
168
198
49
169
192
169
134
318
161
171
134
134
82
108
149
135
123
122
50
60
154
128
112
120
118
31
156
63
141
152
117
133
163
76
128
136
63
103
157
81
125
133
69
96
154
80
161
170
174
166
173
' 179
' 183
175
168
178
184
176
179
188
201
126
120
145
194
123
114
133
185
115
104
127
193
126
115
141
199
132
119
157
175
133
116
164
203
209
189
200
185
193
186
180
185
167
184
213
164
179
196
157
189
195
152
206
174
183
175
183
181
147
139
163
190
140
223
183
145
204
189
146
195
182
146
204
173
134
350
151
138
' 159
171
211
154
157
194
178
144
355
' 145
107
144
172
' 204
124
167
196
' 179
144
' 357
159
154
' 154
162
T
113
118
65
38
P 208
P 159
P igg
p 173
138
346
167
P 138
P 148
108
149
80
T> 151
P 80
' 181
P 186
192
T 192
P 1°4
209
207
P 212
P 157
P 149
p 194
P206
p 190
' 155
r 150
r 13g
153
' 144
' 132
169
183
' 166
174
187
r
191
147
193
206
150
190
191
192
' 158
r
179
207
206
T
r
188
202
194
211
157
208
192
P 15§
20(
' 172
177
168
162
161
165
154
Nondurable manufactures
do
161
177
176
179
180
P 179
174
165
167
187
174
172
164
169
Alcoholic beverages
_
do.
187
173
169
158
174
236
240
245
234
228
237
229
233
' 245
Chemical products
do
243
' 247
' 248
p 247
115
108
113
96
106
101
105
110
Leather and products
_ _ _ _
do
101
97
115
108
100
84
99
95
98
96
97
Leather tanning
__
_ _
do
91
92
99
102
' 95
r Ifll
p 1QQ
161
167
165
162
162
163
165
Manufactured food products
do 166
160
160
161
151
150
151
151
154
153
146
152
Dairy products
do
147
148
P 152
149
148
153
145
150
158
141
155
137
153
Meat packing
do
154
157
154
151
160
139
154
155
137
149
156
173
Processed fruits and vegetables
do
151
134
132
142
' 136
p 155
P 179
151
144
129
169
146
143
176
Paper and products
do _
155
177
167
179
179
141
126
147
139
138
160
168
Paperandpulp
do — .
148
171
172
168
160
' Kevised.
p Preliminary.
Revised.
JData for 1947-48 were revised to incorporate revisions in reports on production and sales of farm products; revised figures for January 1947-July 1948 appear on p. 23 of the April 1950 SURVEY;
"visions beginning August 1948 are shown on p. S-2 of the October 1949 SURVEY and later issues. <$ Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these
idustries are shown onlv
industries
only in the unadjusted series.
SURVEY OF CURRENT BUSINESS
Mav 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-3
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Adjustedcf— Continued
Manufactures — Continued
Nondurable manufactures — Continued
Petroleum and coal products.. _ 1935-39 = 100.Printing and publishing
do
Tobacco products
__
do
213
153
172
209
152
162
207
155
170
202
149
172
198
144
146
203
151
178
208
159
175
198
165
165
205
160
169
219
159
149
211
163
162
' 204
169
162
208
166
176
136
129
148
145
145
126
133
124
123
105
129
102
119
98
112
59
141
76
132
106
130
'117
'118
117
143
116
bil. of dol__
do
do
do __
do
do __
do
do__.
do
do___
37.1
18.5
7.8
10.6
7.9
1.9
6.0
10.7
3.3
7.4
35.9
17.6
7.4
10.2
7.4
1.7
5.7
10.8
3.3
7.5
36.0
17.7
7.5
10.3
7.5
1.8
5.7
10.8
3.3
7.4
36.4
18.0
7.7
10.2
7.7
1.8
5.9
10.7
3.3
7.3
34.8
17.1
7.2
9.9
7.2
1.6
5.5
10.5
3.3
7.2
37.1
18.9
8.0
11.0
7.5
1.8
5.7
10.7
3.5
7.2
37.2
18.9
7.9
11.0
7.5
1.9
5.6
10.9
3.5
7.4
34.6
16.8
6.5
10.3
7.1
1.7
5.4
10.7
3.6
7.1
35.5
17.3
7.0
10.3
7.6
1.8
5.8
10.6
3.3
7.3
34.7
16.9
7.0
9.9
7.3
1.7
5.6
10.5
3.1
7.4
35.7
17.6
7.5
10.2
7.2
1.6
5.6
10.9
3.6
7.3
36.6
18.0
'7.5
'10.6
'7.3
1.7
'5.6
11.1
3.7
7.4
37.9
19.1
8.1
11.0
7.7
1.9
5.8
11.1
3.7
7.4
Business inventories, book value, end of month
(adjusted), total §
bil. of dol
Manufacturing, total
_
_ __ do._ _
Durable-goods industries
do
Nondurable-goods industries ...
_do. _
Wholesale, total
do
Durable-goods establishments.
do _
Nondurable-goods establishments
do
Retail trade, total
__
do. .
Durable-goods stores
do
Nondurable-goods stores. _
. __ do. -
58.2
34.2
16.5
17.7
9.3
3.4
5.9
14.7
5.8
8.9
57.8
34.0
16.5
17.6
9.3
3.4
5.9
14.5
5.7
8.8
56.9
33.6
16.0
17.6
9.2
3.3
5.9
14.1
5.4
8.8
56.4
33.3
15.7
17.5
9.0
3.2
5.8
14.2
5.4
8.8
55.3
32.4
15.2
17.1
9.1
3.1
6.0
13.9
5.3
8.6
54.6
31.6
14.7
16.9
9.1
3.0
6.0
13.9
5.3
8.6
54.6
31.1
14.3
16.8
9.2
3.0
6.2
14.4
5.6
8.8
54.4
30.7
13.9
16.9
9.1
2.9
6.2
14.5
5.7
8.8
54.0
30.5
13.6
16.9
9. 1
2.9
6.2
14.3
5.5
8.8
53.6
30.9
13.9
17.0
9.0
2.9
6.1
13.7
5.1
8.6
54.1
31.1
13.9
17.3
9.0
3.0
6.0
14.0
'5.4
'8.6
54.0
31.1
13.9
'17.2
9.0
3.0
'6.1
'13.8
5.2
'8.6
54.5
31.1
13.9
17.2
9.2
3.0
6.2
14.2
5.3
8.9
Manufacturing inventories (unadjusted), by
stage of fabrication, total
bil. of dol__
Purchased materials
do
Goods in process
__
do _
Finished goods
do
34.4
13.6
8.2
12.5
33.9
13.3
8.2
12.4
33.4
12.8
8.3
12.4
32.9
12.4
8.1
12.4
32.3
12.2
8.0
12.2
31.7
12.0
7.7
11.9
31.0
11.8
7.5
11.7
30.7
11.8
7.2
11.7
30.6
12.0
6.9
11.7
31.1
12.3
6.9
11.9
31.3
12.2
7.2
11.9
31.2
12.1
7.3
11.7
31.1
12.0
7.3
11.8
Sales, total
mil. of dol... 18, 451
7,805
Durable-goods industries, total
do
Iron, steel, a n d products
_ _ _ _ _ _ d o - . 2,054
567
Non ferrous metals and products
do
742
Electrical machinery and equipment
do
1,325
Machinery, except electrical
do
1,222
Motor vehicles and equipment
. do _
453
Transportation equip., except autos
do
384
Lumber and timber basic products
. do
337
Furniture and finished lumber products. .do
371
Stone clav and glass products
do
351
Other durable-goods industries
do
17, 643
7,445
1,883
488
720
1,261
1,289
426
370
316
332
361
17, 741
7,488
1,768
452
741
1,229
1,389
484
381
328
367
350
17, 990
7,745
1,811
512
730
1,195
1,553
454
417
339
369
366
17,114
7,207
1,703
418
669
1,063
1,558
487
362
288
349
310
18, 945
7,982
1,850
546
749
1,130
1,739
492
410
336
395
335
18, 865
7,877
1,894
579
802
1,130
1,579
365
436
346
388
358
16, 805
6,542
1,088
500
756
1,053
1,371
359
409
324
354
327
17,313
7,041
1,457
512
767
1,081
1,258
410
454
345
393
363
16, 857
6,960
1,766
524
737
1,006
1,108
440
426
305
340
307
17, 650
7,471
1,860
* 549
784
1,072
1,491
398
350
288
366
314
' 18, 035
' 7, 461
' 1, 937
'554
'789
' 1, 124
' 1, 294
363
'395
'308
'377
'319
19, 100
8,057
1, 973
542
868
1,249
1,452
402
462
373
390
346
10, 272
2,834
522
280
1,133
688
254
618
512
1,182
1,654
262
333
9,897
2, 699
552
256
1,044
700
244
583
612
1,085
1,580
266
275
10, 178
2,878
501
281
1,054
670
249
600
613
1,175
1,536
276
343
' 10, 574
'3,010
' 507
'273
' 1, 087
'698
' 280
'610
' 709
' 1, 192
' 1, 565
286
'356
11, 043
3,055
582
275
1,068
711
302
633
734
1,310
1,678
Minerals
Metals
_ _
do _ _
do
BUSINESS SALES AND INVENTORIES *
Business sales (adjusted), total§
Manufacturing, totaL .
Durable-goods industries
Nondurable-goods industries..Wholesale trade, total
Durable-goods establishments _
Nondurable-goods establishments
Retail trade, totaL
Durable-goods stores
Nondurable-goods stores
MANUFACTURERS' SALES AND INVENTORIES—VALUE (ADJUSTED)*
Nondurable-goods industries, total
do
Food and kindred products
do
Beverages
_
do
Tobacco manufactures
do
Textile-mill products
do
Apparel and related products ._ __ __ do _
Leather and products
._ _
do
Paper and allied products
do
Printing and publishing
._ _ do
Chemicals and allied products
do
Petroleum and coal products _ _ _. . d o
Rubber products
.
do
Other nondurable-goods industries
do
10, 646
2,923
601
292
1,028
1,043
294
486
641
1,152
1, 584
260
342
10, 198
2,942
607
266
943
895
291
461
596
1,086
1,540
257
314
10, 253
3,027
671
284
936
807
279
451
573
1,144
1,523
248
310
10, 244
3,006
701
279
984
685
303
461
592
1,143
1, 525
266
300
9,907
2,774
674
271
968
770
282
497
555
1,106
1,511
271
227
10, 964
2,969
740
298
1,111
995
316
583
573
1,239
1,598
295
245
10, 988
2,989
589
285
1,164
964
294
644
596
1,274
1,618
294
10, 263
2,890
528
256
1,089
791
274
623
509
1,174
1,575
262
291
Inventories, book value, end of month, total
do__
Durable-goods industries, total
do
Iron, steel, and products
do
Non ferrous metals and products
_. do _.
Electrical machinerv and equipment
do __
Machinerv, except electrical
do
Motor vehicles and equipment
do
Transportation equip., except autos
_ do
Lumber and timber basic products
do
Furniture and finished lumber products. -do
Stone, clav, and glass products
do
Other durable-goods industries
do
34, 223
16, 528
3, 632
1,096
2,063
3,691
2,194
951
698
817
572
815
34, 018
16, 466
3, 654
1,123
2,024
3, 628
2,201
926
737
795
570
808
33, 565
15, 994
3, 629
1,120
1,941
3, 533
2,008
909
725
787
557
785
33, 250
15, 727
3,564
1,136
1,888
3, 484
1,977
915
652
786
563
762
32, 367
15, 225
3,459
1,115
1,806
3,386
1,904
903
617
757
548
731
31, 638
14, 741
3,337
1,064
1,737
3,329
1,824
860
586
754
527
724
31, 076
14, 282
3,202
1,035
1,648
3,239
1,769
869
558
744
506
712
30, 744
13, 876
3,062
1,023
1,603
3,152
1, 678
839
598
717
492
712
30, 547
13, 646
3,048
1,028
1,568
3,082
1,626
809
602
723
474
687
30, 899
13, 869
3,129
1,022
1,600
3,090
1, 767
764
591
723
484
698
31,136
13, 880
3,123
982
1,594
3,064
1, 803
740
642
745
488
700
' 31, 098
' 13, 923
' 3, 101
'982
1, 605
' 3, 098
'1,810
'708
'646
'787
'493
'693
31, 093
13, 872
3,086
988
1,600
3,115
1, 819
657
626
794
495
692
17, 695
17, 552
3,010
3,028
1,118
1,114
1, 568
1, 595
2. 482
2,395
1, 436
1,363
598
595
919
911
628
616
2, 355
2,346
2,516
2,527
653
648
412
414
"o*" on p. S-2.
17, 572
2,993
1,108
1, 614
2, 404
1,404
617
894
611
2,316
2, 539
650
420
17, 524
3,026
1,095
1, 633
2,361
1,412
624
872
609
2,278
2,544
644
427
17, 142
2,842
1,102
1,611
2,316
1,421
590
832
580
2,264
2,546
625
415
16, 898
2,884
1,062
1,668
2,219
1,359
598
793
568
2, 247
2,513
586
400
16, 794
2,806
1,124
1,728
2,198
1,332
614
756
561
2,228
2,497
562
390
16, 867
2,955
1,099
1,715
2,218
1, 332
611
739
559
2,222
2,507
537
373
16, 900
2,983
1,082
1,697
2, 254
1, 357
616
737
589
2,223
2,472
587
302
17, 030
3,066
1,088
1, 706
2, 283
1, 377
618
759
585
2,194
2,412
584
360
17, 256
3, 166
1,106
1, 699
2, 306
1, 467
636
782
600
2, 164
2, 358
558
383
' 17, 175
' 3, 168
'T 1,124
1, 670
' 2, 314
' 1, 480
' 610
'778
'588
r
2, 154
' 2, 322
' 594
'375
17, 221
3,240
1, 160
1,672
2,345
1, 524
619
773
620
2,110
2, 216
Nondurable-goods industries, total
do
Food and kindred products
do - Beverages
_
do
Tobacco manufactures
_
do
Textile-mill products
do
Apparel and related products
_ _ _ _ do .
Leather and products
do
Paper and allied products ...
do
Printing and publishing
do. _
Chemicals and allied products
do
Petroleum and coal products
do _ _
Rubber products
do
Other nondurable-goods industries
do _
'Revised.
f> Preliminary. tf See note mark ed
ai
are pi
both farm and nonfarm.
404
360
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1948 and descriptive notes are shown, in the
1949 Statistical Supplement to the Survey
Mav 1!JC>(
1950
1949
March
April
May
July
June
August
September
November
December
January
18 359
7,432
1,837
566
841
970
246
2,972
10, 926
18 138
7,402
1,771
525
724
953
711
2,718
10, 736
16, 775
7,019
1,915
508
788
1,001
243
2.564
9.756
18 646
8,377
2, 067
586
841
1, 184
513
3,186
10, 269
October
February
March
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' NEW ORDERS, NET
Value (unadjusted), total
mil ofdol
Durable-goods industries, total
do
Iron, steel, and products . _ _
do Nonferrous metals and their products
do
Electrical machinery and equipment
do
Machinery, except electrical
do
Transportation equipment, except autos_ -do
Other durable-goods industries. _ _
do___
Nondurable-goods industries
do
17, 962
7,185
1,816
570
754
1, 151
296
2, 598
10, 778
15, 968
6,127
1,425
437
619
985
160
2, 501
9,841
15, 734
5,993
1,328
358
584
986
495
2,241
9,742
16, 300
6, 544
1,504
418
702
1,017
217
2, 686
9, 756
15, 496
6, 195
1,284
365
561
858
263
2, 865
9,301
18, 697
7,407
1,776
615
687
938
244
3,146
11,290
19 441
7 634
1,513
583
810
996
377
3,355
11,807
T
17 983
7,513
1, 995
'578
T
754
r
1 196
'
353
r
2. 638
r
10, 470
r
T
20 213
9, 113
2, 341
644
988
1 372
449
3, 320
11, 100
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
3,911.9
322.8
296.1
845.7
1, 679. 5
202.1
565.7
p 3, 895. 5
p 321. 8
p 286. 4
p 843. 6
v 1, 676. 2
P202 3
p 565. 0
0
1
1
8
5
4
1
99.0
16.9
9.0
20.0
37.9
4.2
11.0
p84. 5
p 12.9
v 7.1
p 16.6
p34. 5
J>3. 8
p9.6
6
6
0
2
1
7
9
125.2
17.3
20.8
23.1
46.7
4 4
12.8
p 101.0
p 14.0
P16.8
P18.6
p37. 7
p3.6
*10.3
102 2
83 6
p83. 5
thous
do
do
do
do
do
do
3 938 1
323 2
307 9
848 8
1,688 3
202 3
567 5
New businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
^Vholesale trade
All other
do
do
do
do
do
do
do
95
16
9
19
34
4
11
Discontinued businesses
Contract construction
Manufacturing
Service industries
Retail trade
^Vholesale trade
All other
do
do
do
do
do
do
do
121
16
21
23
43
4
12
do
Operating businesses total end of quarter
Contract construction
Manufacturing
Service industries
Retail trade
"Wholesale trade
All other
quarterly total
Business transfers quarterly total
BUSINESS INCORPORATIONS
New incorporations (48 States)*
number. .
7,637
7,273
7,445
7, 260
6,424
6,828
6,867
6,877
6,755
7,857
9,070
7,736
9,180
847
87
77
215
366
102
877
76
68
229
406
98
775
58
63
202
351
101
828
75
74
215
372
92
719
49
61
188
344
810
53
55
221
385
96
732
67
71
183
329
82
802
58
90
181
364
109
835
63
83
197
395
97
770
50
80
201
349
90
864
61
65
225
403
110
811
69
73
170
399
100
884
74
86
116
402
116
37,118
4,792
3,018
17, 075
7,269
5,034
31, 930
5,774
1,519
14,523
6,139
3,975
24, 583
1, 599
1, 434
11,182
6,034
4,334
28, 161
1,862
2,476
13, 500
6,234
4,089
21,804
1,393
1,845
10,183
5, 629
2,754
31, 175
1,187
2,272
16 008
6,424
5,284
20, 598
1,289
2,148
9,379
4,929
2,853
23, 894
1,248
1,989
11, 897
5,833
2,927
22, 799
1,281
4, 362
8,419
5,929
2,808
19, 251
668
1,814
7,465
6,284
3,020
26, 436
1,829
1,884
10, 928
7,355
4,440
22, 156
1,875
1,824
7, 905
6,386
4,166
27, 900
1,706
2,777
12, 241
7,859
3,317
INDUSTRIAL AND COMMERCIAL
FAILURES
Failures, total d"
Commercial serviced1
Construction
Manufacturing and mining
Retail trade
\Vholesale trade
Liabilities, totalcf
Commercial serviced1
Construction
Manufacturing and mining
Retail trade
Wholesale trade
_
number. .
do .
do
_ . _ do
do
do
_
thous. of doLdo -.
do
-do
do
_ do
- -
--
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products f§__.1910-14=100-Crops
- - - do
Food grain
do
Feed grain and hay
_ _
_- do
Tobacco
- - - do Cotton
do
Fruit
- do Truck crops
_ - - do Oil-bearing crops
do
Livestock and products
do
M^eat animals
do
Dairy products
- - - do Poultry and eggs
do
Prices paid :f
All commodities
1910-14—100
Commodities used in living
- _-do__ Commodities used in production
do
All commodities, interest, taxes, and wage rates
1910-14=100..
258
232
256
234
253
235
249
225
246
221
244
214
247
212
242
210
233
210
237
215
237
215
229
174
403
252
239
194
245
271
319
235
215
213
168
404
253
235
155
232
271
323
233
212
209
171
404
253
217
168
219
269
316
237
213
211
166
393
250
160
188
227
279
319
251
236
213
161
396
241
180
174
221
271
301
258
230
235
219
229
177
403
251
225
196
256
276
324
241
220
205
165
400
246
181
170
241
271
310
244
225
237
210
226
176
403
242
207
235
261
281
327
254
215
215
157
369
233
172
213
220
262
286
261
216
219
168
394
223
174
196
225
255
280
261
194
218
170
382
222
185
261
228
249
286
254
158
219
171
389
231
186
203
228
257
306
250
155
224
174
389
236
193
168
230
258
308
243
165
245
247
244
246
244
245
242
245
240
244
238
242
238
240
237
239
236
238
237
239
238
238
237
238
239
239
243
242
242
239
235
234
234
235
234
235
237
237
239
255
254
253
252
250
249
248
246
245
246
249
248
250
95
94
96
95
Parity ratiof
do
"•Revised.
p Preliminary.
frv exclude
ovr>lnrJ railroad failures.
in the
fVio February
"CV>
foil n roe
1
c?For comparability with data prior to 1945, figures for certain subsequent months have been revised1 to
Revisions are shown in
1950D 1QTT"DirT?V
*New series. Beginning with the December 1949 SURVEY, dollar values of manufacturers' new orders have been substituted for the indexes shown prior to the October 1919 issue; figure
back to January 1946 and details regarding the new series are given on pp. 18-24 of the December 1949 SURVEY. Data on new incorporations are compiled by Dun and Bradstreet, Inc.; they
are available for the 48 States beginning 1946, and for 47 States (excluding Louisiana) beginning July 1945; figures through 1948 are shown on p. 21 of this issue of the SURVEY.
§April 1950 indexes: All farm products, 241; crops, 225; food grain, 227; feed grain and hay, 181; tobacco, 389; cotton, 242; fruit, 206; truck crops, 205; oil-bearing crops, 239; livestock an
products, 256; meat animals, 312; dairy products, 235; poultry and eggs, 161.
fRevised series. Beginning with the February 1950 issue of the SURVEY, data have been revised (effective back to 1910) to reflect changes prescribed in the Agricultural Acts of 1945
and 1949; revisions prior to December 1948 will be shown later.
101
101
100
99
98
98
100
98
97
SURVEY OF CURRENT BUSINESS
Mav 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-5
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
__
1935-39=100 .
189.4
189.2
188.3
188.3
186.8
186.6
187.2
185.6
185.7
184.4
183.8
183.3
183.8
Coal (U. S. Department of Labor indexes):
Anthracite
Oct. 1922-Sept. 1925 = 100
Bituminous. _.
..do . _
149.1
160.0
144.9
158.1
140.7
154.7
142.3
154.8
143.0
154.8
143.4
154.9
145.4
156.4
147.4
158.5
148.3
160.5
148.4
162.7
148.5
164.1
148.5
»• 164. 5
149.3
166.0
Consumers' price index (U. S. Dept. of Labor):
All items
_ 1935-39 = 100
Apparel _
__
do.
Food
do
Cereals and bakery products ___
do __
Dairy products
do
Fruits and vegetables
do
Meats, poultry, and
fish
do
Fuel, electricity, and refrigeration. d o _ _ _
Gas and electricity.
_
do
Other fuels
do
Housefurnishings
..
do
Rent
do
Miscellaneous
do
169.5
193.9
201.6
170.1
190.3
214.5
229.6
138.9
96.1
192.5
193.8
120.1
154.4
169.7
192.5
202.8
170.3
184.9
218.6
234.4
137.4
96.8
187.8
191.9
120.3
154.6
169.2
191.3
202.4
170.1
182.6
220.7
232.3
135.4
96.9
182.7
189.5
120.4
154.5
169.6
190.3
204.3
169.7
182.0
217.9
240.6
135.6
96.9
183.0
187.3
120.6
154.2
168.5
188.5
201.7
169. 5
182.2
210.2
236.0
135.6
96.9
183.1
186. 8
120.7
154.3
168.8
187.4
202. 6
169. 4
184.9
201 . 9
239.5
135. 8
97.1
183.1
184.8
120.8
154.8
169.6
187.2
204.2
169.7
185.3
199.8
243.6
137.0
97.1
185. 9
185.6
121.2
155. 2
168.5
186.8
200.6
169. 1
186.7
194. 5
235.1
138.4
97.0
188.3
185.2
121.5
155.2
168.6
186.3
200.8
169.2
186.4
202.0
229.1
139.1
97.0
190.0
185.4
122 0
154.9
167.5
185.8
197.3
169.2
186.2
198.2
223.2
139.7
97.2
191.6
185. 4
122.2
155.5
166.9
185.0
196 0
169.0
184 2
204 8
219.4
140.0
96 7
193 1
184 7
122 6
155 1
166.5
184.8
194.8
169.0
183.6
199. 1
221.6
140.3
97.1
193.2
185.3
122 8
155.1
167.0
185. 0
196. 0
169.0
182.4
195. 1
227. 3
140.9
97.1
194.4
185. 4
122.9
155.0
158.4
156.9
155.7
154.5
153.5
152.9
153.6
152.2
151.6
151.2
151.5
152.7
152.6
154.1
167.3
156. 9
171.5
162.6
195.0
155.3
153.0
165. 8
153.1
170.5
163.8
189.0
153.7
151.5
165.9
149.4
171.2
159.9
191.5
152.1
150.7
164.5
146.5
168.8
154. 9
193.3
151.2
149.7
163.2
146.0
166.2
154.1
188.5
150.5
149.4
161.3
147.9
162.3
150.4
186.3
150.6
150. 1
162.0
147.8
163.1
156.4
186.6
151.2
149.1
160.3
145.3
159. 6
155.3
177.7
150.3
148.1
160.4
145.1
156.8
156.4
169.6
150.2
148.0
159.5
144.7
154.9
160.9
167. 0
150.2
148. 2
159 8
144. 8
154 7
160. 2
170 5
150.5
149.0
162.4
144. 3
159.1
161.3
179.9
151.1
148.8
162.7
144.0
159.4
165. 4
180 3
150.9
162.9
146.5
154.8
151.7
214.8
162.9
145.3
147.2
158. 1
216.0
163.8
145. 1
145.9
167.3
215.2
162.4
145.6
145.5
157.5
215.5
161.3
146.1
149.2
145. 4
212.2
160. 6
142.8
152.7
130.3
210.7
162.0
143.7
153.5
126.9
215.1
159. 6
144.6
154.6
128.1
205.0
158.9
144.6
154. 7
130.8
198.9
155. 8
144.6
154. 4
132.5
193.5
156. 7
144.8
147.5
138. 2
201. 6
155. 5
145. 6
144.8
134 9
200.0
Commodities other than farm products and
foods
1926=100
Building materials
_
do
Brick and tile
do
Cement . _
..
do
Lumber
do
Paint and paint materials
_ . _ do
150.7
200.0
162.4
133.9
294.7
162.3
148.9
196.5
160.8
133.7
290. 6
157.9
146.8
193.9
160. 8
133.7
285.2
157.4
145.6
191.4
160.8
133.7
280.7
153.6
145.0
189. 0
ifii.r.
183. 1
277.4
145. 2
145.0
188. 2
1 61 . 5
133.0
277.4
143.8
145.3
189.4
161.8
133.0
279.7
143.9
145.0
189.2
161. 8
134.5
281 9
141.1
144.9
189.5
161.9
134. 5
283 4
139. 9
145.5
190.4
161.9
134.5
285 2
139.3
145 8
191 6
163 5
134 8
287 5
139.0
145.9
rr 192. 8
163 2
134. 9
r
292 1
138.6
146 0
193.9
163 2
134. 9
295 9
137.3
Chemicals and allied products
do
Chemicals
_
.do
Drug and pharmaceutical materials. .do
Fertilizer materials.
___ _
do
Oils and fats
do
121.1
118.4
142.4
119.6
129.3
117.7
117.2
123.0
119. 7
121.2
118.2
116.9
123. 6
118. 9
127.0
116.8
116.9
124.3
117.5
116.9
118.1
118.1
124. 7
120.7
118.5
119.7
118.0
125.0
121.8
130.3
117.7
117.4
125.0
120. 4
118.4
116.0
115.5
123.1
120.2
115.6
115.9
115.2
123.0
118.3
118.3
115.3
114.6
121.6
117.9
118.2
115.7
114 7
121.5
117 4
122 7
'115.2
114 7
121.4
116 9
120 9
116.3
115 4
121.9
117 3
125 6
Fuel and lighting materials
Electricity
Gas
Petroleum and products
do
do
do
do
134.3
67.9
92.8
115.9
132.0
67.9
92.3
113.3
130. 1
68.2
90.9
110.7
129.9
68.9
90-1
110.4
129.9
70.0
89.5
110.2
129.7
68.5
88.9
109.7
130.0
68.9
89.3
109.1
130.5
70.1
87. 8
109.9
129.9
70.3
88 3
108.5
130. 5
69. 6
87 2
108.5
131.4
68 9
85 0
109 4
'131.3
131.4
87 4
109 4
108 6
Hides and leather products
Hides and skins _
Leather
Shoes
do
do
do
do
180.4
181.8
178.9
187.8
179.9
183.4
177.8
186.9
179.2
188.2
177. 4
184.0
178.8
186.0
177.1
184.1
177.8
184.7
175.4
183.8
178.9
194.5
173.7
183.8
181.1
204.8
175.5
183.8
181.3
205 6
176 5
183. 4
180.8
199.5
177.0
184. 3
179.9
192 8
178 1
184.3
179
189
177
184
179
188
176
184
179
190
177
184
Housefurnishing goods
Furnishings
Furniture _ _
do
do
do
148.0
153. 9
142.1
147.0
152.4
141.6
146.2
151.9
140-3
145.1
150. 9
139.3
143.0
149.1
136.8
142.9
149.1
136.6
142.9
149.1
136.6
143.0
149.2
136.7
143.4
149.9
136.8
144 2
151 2
137.0
Metals and metal products
Iron a n d steel
_ _ _ _ _ _
Non ferrous metals
Plumbing and heating
do
do
do
do
174.4
168.3
168.4
155.3
171.8
166.2
156.4
154.9
168.4
165.1
138.2
154.7
167.5
164.7
128.8
154.7
167.9
164. 2
132.1
154.7
168.2
163. 8
135. 9
154. 7
168.3
164.0
135.7
154.6
167.3
163 3
131 5
154.6
167.3
163 4
131 7
154.6
do
do
do
do
do
do
_ _ do
143.8
147.1
180. 1
101.2
41.8
50.1
161.8
142.2
146.4
176. 2
101.2
41.8
50. 1
160.9
140.5
146.0
172.6
100.4
40.8
50.1
159.7
139.2
145.6
169.7
99.6
39.6
49.2
159.7
138.0
144.8
167.3
98.5
39.6
49. 2
157. 6
138.1
144.8
170.2
98.4
39.6
49.2
152.6
139.0
144 8
174 8
98.4
39.6
49 2
150.4
138 0
144 6
176 5
98.4
39 6
49 2
145.1
115.7
64.6
167.2
115. 6
64.6
165.1
113.5
64.5
163.3
111.0
62.1
159.6
110. 3
60.6
156.8
109.8
60.6
156.8
109 6
60.6
156.5
50.8
59.0
49.6
51.2
58.9
49.5
51.6
59.1
49 4
52.0
59.0
48.9
52.4
59.3
49.6
52.6
59.2
49.4
52.4
59 0
49 0
WHOLESALE PRICES &
U. S. Department of Labor indexes:}:
All commodities
..
1926=100
Economic classes:
Manufactured products
do_ _
Raw materials
do
Semimanufactured articles
.do
Farm products
_ do
Grains
_
do.
Livestock and poultry
do
Commodities other than farm products. -do
Foods
Cereal products
Dairv products
Fruits and vegetables
Meats, poultry, and
.
_ do
do
do
do
do
__ __
fish
Textile products
Clothing
_
_ _ _
Cotton goods
Hosiery and underwear
Rayon and nylon
„
Silk
_
Woolen and worsted goods
Miscellaneous
do
Automobile tires and tubes. . ___ _ do ..
Paper and pulp..
do
r
r
r
r
154 8
144.3
148.8
134 3
194. 5
3
0
6
3
144 7
r
r
T
r
0
2
6
3
6
4
9
3
137 8
145 0
151 8
138 1
145 3
152 2
138 1
167.8
165 4
129 2
154. 6
168. 4
167 3
128 6
151.7
168.6
168 7
128 1
148.7
168. 4
168 8
127 2
151.9
138.0
144 2
177 9
98.4
39 6
49 5
146.0
138 4
144 0
178 4
98.4
39 6
49 9
146 9
138 5
143 9
178 7
98.5
39 6
50 1
147 0
138 2
143 1
178 4
98.6
39 9
50 1
147 2
137 3
143 5
176 5
98.0
39 9
49 1
146 3
109 0
60.7
156.5
109 7
62.5
156.5
110 7
64 3
156.0
110 0
64 3
155. 9
110 0
64 3
155.6
110 7
64 3
155. 5
52.8
59 3
49 9
53.1
59 3
49 8
53.2
59 7
50 6
53.1
59 9
50 9
52.7
60 1
51 2
52.7
59 9
r 151 5
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
Consumers' prices
Retail food prices
1935-39=100.do
do
T
en Q
Revised. cf For actual wholesale prices of individual commodities, see respective commodities.
tThe Department of Labor is currently reviewing and revising the samples of commodities and of reporters for the indexes, subgroup by subgroup, to reflect postwar changes
in production and distribution. As subgroup revisions are completed, the revisions are incorporated in the pertinent group indexes and the all-commodity index and the subgroup indexes
are revised retroactively for the entire period covered by the revision; however, to avoid repeated revisions of the group indexes and the all-commodity index, these are not revised retroactively
more than 2 months. If introduction of a revised subgroup into the calculations changes significantly the levels of the group indexes and the all-commodity index, the latter indexes computed
with the original sample for the first month of the revision will be provided in a footnote. In some instances, it is necessary to correct previously published indexes because of late reports,
incorrect reports, or other errors in prices previously used. Indexes for the latest 2 months are preliminary and are currently revised to incorporate corrections received in the 2 months following. Any additional corrections received are incorporated in final annual summaries issued in the middle of the year. Indexes for June-December 1948 were corrected in the August 1949
SURVEY. Corrected indexes for January-May 1948 are available upon request.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1948 arid descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
July
August
Septem- October
ber
November
December
January
February
March
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
Commercial*,- _
._ __do _ _
Industrial
do
Farm construction.
__._
do - _
Public utility
do
Public, total
.
Residential
Military and naval
Nonresidential building
Conservation and development*
Highway
All other.
do
do
do
do
do
do
do
1,267
951
420
1,370
989
445
1, 576
1,108
530
1,735
1,229
600
1,833
1,301
650
1, 903
1,343
675
1,922
1, 368
710
1,879
1,343
715
1,767
1,295
715
1,612
1,225
690
1,496
1,139
650
1,395
1,068
590
1, 540
1,155
650
262
79
96
18
251
251
76
89
30
263
257
83
82
40
281
268
92
76
50
311
269
91
72
60
322
264
85
71
75
329
263
83
70
65
330
261
82
68
50
317
266
86
68
25
289
261
84
68
15
259
252
77
69
11
226
246
75
70
12
220
243
74
69
19
243
316
10
9
122
45
68
62
381
14
8
134
56
100
69
468
15
9
141
67
160
76
506
17
9
144
74
185
77
532
20
10
148
75
200
79
560
23
12
152
77
215
81
554
27
14
155
77
200
81
536
27
14
158
74
185
78
472
24
12
151
65
145
75
387
22
9
142
56
92
66
357
24
10
142
48
70
63
327
20
9
140
45
50
63
385
24
9
151
50
80
71
24, 281
747, 619
281,947
465, 672
31, 570
842, 586
318, 506
524, 080
33, 474
880, 344
368, 551
511, 793
37, 203
945, 676
375, 431
570, 245
32, 579
943, 560
410, 352
533, 208
43, 782
37, 662
46, 925
905, 748 1, 093, 724 1, 061, 751
331, 892
316,409
288, 754
729, 859
589, 339
804, 970
40, 132
957, 761
315,683
642, 078
34, 704
929, 030
298, 714
630, 316
30, 989
730, 855
200, 541
530, 314
53, 494
35, 715
779, 530 1, 300, 201
284, 925
480, 972
494, 605
819, 229
3,695
27, 953
327, 441
4,154
31, 929
316, 370
4,138
30, 166
320, 630
4, 678
32, 961
335, 961
4, 384
33, 283
350, 282
4,318
25, 746
278, 031
4,186
32, 448
345, 023
4, 528
32, 004
357, 085
3.518
25, 495
266, 103
3,293
28, 345
303, 205
2,882
22, 297
235, 294
3,017
24, 790
265, 567
4,373
37, 539
500, 658
19, 288
28, 282
251, 770
25, 541
37, 087
303, 825
27, 187
42, 392
346, 251
29, 949
45, 804
370, 752
25, 570
42, 950
340, 593
31, 079
48,146
393, 434
40, 342
65, 715
525, 572
37, 289
60, 801
500, 702
35, 224
53, 262
435, 235
29, 918
49, 481
419, 051
27, 229
42, 078
343, 501
31, 650
46, 235
361, 452
47, 547
71,543
574, 681
954
120, 210
1,513
169, 700
1. 737
179, 396
2,197
175, 861
2,142
307, 130
1, 892
173, 714
1,947
171, 576
1,566
128, 860
1,032
125, 891
1,185
134, 384
643
86, 300
805
120, 178
1,202
184, 081
344
48, 198
362
52, 691
412
34, 067
479
63, 102
483
45, 555
373
60, 569
450
51, 553
399
75, 104
358
130, 532
308
72, 390
235
65, 760
243
32, 333
372
40, 781
176
136
175
130
201
165
177
141
218
187
181
159
226
194
195
176
228
202
209
200
238
226
229
228
247
254
246
254
251
260
263
269
240
245
265
256
213
217
262
255
198
203
242
245
T
228
"•232
'263
T
260
272
282
269
268
743, 529
589, 693
601, 709
896, 128
619, 442
781, 416
810, 309
553, 482
589, 224
863, 561
915, 475
686, 221
993, 453
3,302
59
2,164
1,079
3,653
53
1, 633
1,968
4,410
327
2,198
1,885
7,966
787
4,792
2,387
5,035
95
2, 950
1,990
5,224
89
2, 854
2, 281
3,927
208
2,154
1,565
2, 648
487
1,037
1,124
3, 3-29
498
939
1,891
3,1040
55
1
1, 907
1
1, 078
3,396
310
1,952
1,134
2,322
81
1, 369
872
5, 369
51
2,684
2,635
69, 400
88, 300
95, 400
95, 500
96, 100
99, 000
102, 900
104, 300
95, 500
' 78, 300
r
78, 700
80, 000
110, 000
r
r
50, 413
49, 545
'36, 014
r 2, 285
'11,246
'868
r 52, 995
'52,818
r
40, 200
r
2, 377
' 10, 241
177
80, 486
79, 351
59, 746
4,197
15, 408
1,135
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
number
Total valuation.
_ _
thous. of dol
Public ownership
do
Private ownership
__
do
Nonresidential buildings:
Projects
.
number
Floor area
thous. of sq. ft
Valuation
thous. of dol
Residential buildings:
Projects
.._
number _
Floor area
thous. of sq. ft
Valuation
thous. of dol .
Public works:
Projects
number
Valuation
_
thous. of dol
Utilities:
Projects
number
Valuation
thous of dol
Value of contract awards (F. R. indexes):
Total unadjusted
1923-25=100
Residential, unadjusted
_
do
Total adjusted
do
Residential, adjusted
__
.do
Engineering construction:
Contract awards (E. N. R.)§
thous. of doL.
Highway concrete pavement contract awards:d"
Total
thous of sq yd
Airports
do
Roads
_ do _
Streets and alleys
do
1
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U S Department of Labor)
number
Urban building authorised (U. S. Dept. of Labor):
New urban dwelling units, totalj
nurnber..
Privately financed, total
do
Units in 1-family structures _ _
do
Units in 2-family structures
do
Units in multifamily structures
do
Publicly financed total
do
Indexes of urban building authorized:
Number of new dwelling units
1935-39=100-.
Valuation of building, total
do
New residential building
. do
New noriresidential building
do
Additions, alterations, and repairs
do
14, 429
1, 543
64, 580
62, 434
43, 982
2,196
16, 256
2,146
59, 574
57, 320
41, 794
2. 747
12, 779
2,254
54, 394
52, 357
41, 562
2,095
8, 700
2,037
44, 736
43, 365
31,327
1,996
10, 042
1,3171
337.7
390.8
570.4
267.5
306.9
377.3
412.6
627.5
278.2
279.0
343.5
387.8
592.8
253.0
276.5
313.7
354.2
556.0
233.7
213.8
257.5
319.7
433.4
273.8
184.2
484
505
492
442
471
345
484
503
493
442
471
345
483
503
493
442
471
345
486
506
495
444
474
345
486
S06
495
443
474
346
486
508
495
444
474
346
207.9
207.2
212.9
208.3
207.5
213.7
208.6
207.9
213.4
209.1
208.6
213.9
210.1
210.1
215.8
210.7
210.8
217. 3
211.1
208.4
210.1
215. 2
194.4
211.4
208.7
210.9
216.3
194.6
211.6
208.9
210.9
215.6
194.9
212.0
210.0
211.1
215.9
197.7
212.7
210.9
212.6
218.6
198.5
213.3
211.6
213.7
220.7
198.8
213.4
210.8
214.0
211.6
213.8
211. 2
214.2
211.6
216.1
214.0
217.6
215.8
46, 225
42, 315
32, 909
2,391
7,015
3,910
53, 782
51,012
37, 758
2,960
10, 294
2,770
57, 767
54, 397
36, 563
2, 588
15, 246
3,370
58, 899
55, 454
36, 985
2, 131
16, 338
3,445
51,655
48, 501
34, 324
1, 765
12,412
3,154
58, 636
57, 093
40, 382
2,282
267.5
333. 4
467.0
248.6
265.0
308. 7
362.9
523. 5
257.0
277.0
330.5
380.4
583.5
240.2
287.3
338.5
427.5
578. 3
334.8
329.0
295.3
342.3
495. 9
234. 0
277.7
288.3
319.1
484.9
214.5
217. S
r
305. 6
' 327. 1
' 529. 8
' 201. 4
' 198. 1
464.1
488.1
837.0
264.1
284.9
CONSTRUCTION COST INDEXES
313
319
307
Aberthaw (industrial buildin a )
1914—100
American Appraisal Company:
494
492
496
486
489
488
485
Average 30 cities
1913 = 100
506
521
518
525
509
510
503
Atlanta
do..
508
513
495
501
497
510
493
New York
do
445
446
446
448
445
447
443
San Francisco
...
._do._
474
485
477
482
480
471
477
St Louis
do
342
343
340
339
340
343
343
Associated General Contractors (all types).. .do
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
208.2
207.1
209.3
207.1
207.4
206.5
208.6
U. S. avg. cost 1926-29 = 100..
208.1
210.0
208.0
211.0
206.1
206.3
206.2
Brick and steel .. ._
.
do
214.9
219.2
214.6
218.2
210.0
211.1
210.8
Brick and wood
do
Commercial and factory buildings:
211.1
209.3
212.0
213. 3
210.6
210.2
210.7
Brick and concrete
do
207.5
208. 3
209.5
210.3
207.3
207.1
207.6
Brick and steel ...
do
214.5
211.2
215.5
208.2
211.3
208.9
208.6
Brick and wood
_ do
222.5
218.2
219.0
223.8
211.3
212.7
212.6
Frame
do
195.1
196.7
194.7
197.5
194.4
194.4
194.1
Steel
do
Residences:
215.4
218.7
215.6
210.6
219.7
211.4
211.7
Brick
__
..do
214.3
213.6
217.8
219.1
207. 6
208.9
208.7
Frame
do
r
Revised.
* Data include some contracts awarded in prior months but not reported.
* New series* Monthly averages for 1915-38 and monthly figures for January 1939-July 1948 are available upon request.
§Data for March, June, September, and December 1949 and March 1950 are for 5 weeks; other months, 4 weeks.
c?Data for March, June, August, and November 1949 and March 1950 are for 5 weeks; other months, 4 weeks.
JMinor revisions in figures for number of dwelling units beginning January 1947 are available upon request.
307
305
SURVEY OF CURRENT BUSINESS
S-7
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March
April
May
June
July
August
Septem-
ber
October
Novem-
Decem-
ber
ber
January
353.2
480.3
356.2
484.7
356.5
484.9
Febru-
ary
March
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
Engineering News-Record:c?
Building
1913 = 100
Construction _
.
..
_
_ do
Bu. of Public Roads— Highway construction:
Composite standard mile
1925-29=100
351.4
474.3
348.9
472.1
349.3
473.8
161.4
349.5
477.5
350.9
478.2
352.0
479.8
155.5
353.0
480.5
352. 9
480.0
360.0
488.4
145.3
148.7
362.8
491.9
140.7
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
do
129.9
137.5
130.5
131.3
132. 6
125.3
135.3
126.4
123.8
116.4
146.8
129 7
148.9
138 5
140.8
127 1
142 8
144 1
135.9
153 7
188, 634
162,187
156, 122
168, 527
154, 576
186 312
173, 970
198, 235
199, 841
357
339
333
358
332
331
333
347
371
'r 120. 2
140. 7
v 116.3
v 141.0
211, 758
232, 950
206, 681
210, 919
427
360
331
315
REAL ESTATE
Home mortgages insured by Fed. Hous. Admin.:
New premium paying mortgages -.thous. of doL_
Loans outstanding of agencies under the Home
Loan Bank Board:
Federal Home Loan Banks, outstanding advances
to member institutions
mil. of dol _
Home Owners' Loan Corporation, balance of
loans outstanding
mil of dol
New mortgage loans of all savings and loan associations estimated total
thous of dol
By purpose of loan:
Home construction
_
do_
Homo purchase
do
Refinancing
__do_ _ _
Repairs and reconditioning
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and
under) estimated total t
thous. of dol
Nonfarm fore closures adjusted index 1935-39=100
Fire losses
thous. of dol_-
319
344
291
231
269, 128
279, 606
293, 215
326, 637
304, 343
348, 276
354, 194
353, 909
343, 260
342, 028
300, 906
325, 224
414, 783
76, 666
111, 523
30, 562
14, 242
36, 135
84, 277
116, 051
29, 383
15, 663
34, 232
87, 517
125, 073
28, 849
17, 375
34, 401
97. 963
141, 674
31, 838
17, 714
37, 448
90, 397
128, 657
29, 026
16, 732
39, 531
101, 022
149, 867
34, 443
19. 510
43, 434
108, 280
155, 915
33, 188
18, 362
38, 449
102, 151
159. 050
31J814
17, 796
43, 098
105, 784
150, 877
33, 441
15, 735
37, 423
112, 463
141, 059
33, 358
14, 384
40, 764
94, 916
124, 265
32, 041
11, 584
38, 100
107, 335
128, 398
32, 573
13, 706
43, 212
143, 950
161,952
39, 717
17, 895
51, 269
896, 790
10.3
67,218
922, 023
9.7
55, 290
959, 653
9.7
54, 162
1,018,427
10.9
51,787
967, 440
11.8
49, 592
1,068,813
12.8
50, 150
1,065,431 1, 117, 212 1, 114, 041 1, 125, 200 1, 024, 000 1, 003, 090 1, 221, 644
11.8
13.8
11.9
12.8
72, 468
67, 279
48, 914
53, 116
58, 340
49, 678
58, 823
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
Printers' Ink, combined index
Magazines
Newspapers
_ _
Outdoor
Radio
Tide advertising index
318
350
306
296
307
301.2
310
346
280
279
309
284.6
309
338
290
289
308
286.4
302
314
286
296
305
283.2
276
284
264
274
252
257.6
270
297
252
284
256
272.2
292
301
286
299
278
293.2
306
294
305
323
289
284.5
305
308
291
320
287
274.1
294
291
286
292
287
256.2
329
326
330
334
300
288.3
315
330
297
328
288
310.3
17, 700
124
657
4,616
702
342
16, 763
119
729
4,240
653
349
17, 074
114
809
4,470
683
364
15, 425
75
663
4,285
644
336
12, 085
89
332
3,473
222
318
12, 160
71
335
3,544
208
287
14, 083
96
404
3,829
247
298
16, 423
117
486
4,494
189
282
15, 855
101
463
4,381
198
278
16, 409
118
447
4,400
218
296
«• 17, 089
109
720
4,627
198
289
15, 388
101
498
4,171
181
265
do
do_ _ _
do
do_ _ _
do
do
5,006
620
164
1,936
1,948
1,585
4,690
530
169
1, 818
1,960
1,506
4,608
460
197
1,852
1,990
1,526
4,127
408
158
1,698
1,966
1,067
2,994
379
148
1,148
1,844
1,139
3,073
376
103
1,255
1,743
1,165
4,006
377
112
1,467
1,782
1,465
4,597
416
128
1,547
2,126
2,041
4,463
407
139
1, 583
2,089
1,753
4,741
463
152
1, 615
2,215
1,744
r 4, 736
452
114
1,664
2,164
2,016
4, 326
410
102
1 551
1,998
1,785
do
do
do_ _ _
do
do
do
do. -~
46, 365
5,224
3,923
1,842
5,610
6,299
2, 435
51, 170
5, 509
4,705
2,545
5, 584
6,479
2,413
50, 659
4,937
4,562
2,427
5,463
6,396
2,432
40, 642
3,185
3,856
1,774
5,162
5,678
2,215
28, 582
771
3,481
956
4,538
4,938
1,755
31, 495
3,436
3,330
917
4,284
4,812
1,614
41,729
5,273
3,490
1,789
5, 093
5,665
2,002
51,213
4,919
4,216
2,001
6,397
7,568
2,815
45, 882
3,813
3,438
1,346
6,020
6, 693
2,790
36, 921
2,632
2, 684
539
4, 690
5,271
3,469
«• 29, 184
1,517
2,610
739
4,470
4,951
1,738
39, 689
2,706
3, 347
1,177
5, 863
6,891
2,139
3,007
2,272
1,910
1,300
1,334
11. 208
3,861
2,978
2,165
1,387
1,356
12, 187
3,781
3, 332
2,075
1,478
1,455
12, 320
2,970
1,712
1,996
1,098
1,345
9,651
1,318
489
1,456
833
1,191
6,858
1,025
956
1,286
1,040
1,348
7,447
2,129
2,633
1,822
1, 441
1,252
9,139
3,326
3,389
2,133
1,606
1,634
11,208
2,866
2,827
1,829
1,295
1,416
11, 549
2,502
1,360
1,490
698
1,456
10, 130
739
782
1,259
673
1,201
8, 505
1,732
1,358
1,672
1,081
1,129
10, 594
thous. of lines_.
4,301
4,350
3,806
2,814
2,854
3,494
3,921
4,464
3,645
2,838
3,261
3,868
4, 270
do
_ do
do
do_ _ _
__do
do
- do._ _
202, 070
42, 195
159, 875
9,698
2,236
34, 029
113, 914
205, 466
43, 404
162, 062
9, 791
2,143
32, 453
117,676
210, 677
45, 386
165, 291
9,554
2,001
33, 758
119, 978
193, 287
41, 476
151,811
9,265
2,039
31, 045
109, 462
164, 040
40, 082
123, 959
8,115
2,252
24, 534
89, 057
170, 504
40, 713
129, 791
8,887
1,609
21, 879
97, 416
197, 858
40, 050
157, 808
8,224
1,752
29, 766
118, 066
214, 935
42, 295
172, 640
10, 033
2, 140
38, 417
122, 051
207, 909
38, 306
169, 603
9,891
2,337
33, 689
123,686
207, 865
36, 061
171,805
7,330
2,139
26, 337
135, 999
108, 921
37, 157
131, 764
10, 014
3,237
23, 730
94, 783
170, 738
35, 362
135, 376
7, 668
1,911
29, 473
96, 324
213, 488
41, 139
172, 350
9, 240
2,355
35, 691
125, 064
_
1935-39=100-do
- - do
do _ _
do
do. _ _
Radio advertising:
Cost of facilities total
thous of dol
Apparel and accessories
do
Automotive, incl. accessories _ _ _ _ _ _ d o _ _ _
Drugs and toiletries
do
Electric household equipment
_ _ _ do_- Financial
do
Foods soft drinks, confectionery
Gasoline and oil
Household furnishings, etc
Soap, cleansers, etc
__
Smoking materials
All other
Magazine advertising:?
Cost, total
_
__Apparel and accessories
Automotive, incl. accessories _
Building materials§
Drugs and toiletries
Foods, soft drinks, confectionery
Beer , wine, liquors§
Household equipment and
Household furnishings§
Industrial materials§
Soaps, cleansers, etc
Smoking materials __ A l l other
_ _ _ _
_ _
supplies!
_ _ _
_
_
_
Linage, total
Newspaper advertising:
Linage total (52 cities)
Classified
_
Display total
Automotive _
Financial
G eneral
Retail
_ _ _ _ _
_
_.
_ _ _
do
__ do. _ _
do _ _
do
__ do_ _ _
d o _
r
319
328
307
318
291
p 314. 3
'Revised.
* Preliminary,
c? Data, reported at the beginning of each month , are show n here for t he previou s month,
fRevisic ns for 1944-Novembe r 1948 are £hown on p . 21 of this issue of th e SURVEY.
f Comparable data on magazine advertising cost Publisher 5' Informat ion Bureaii, Inc.) are available back to Ja nuary 1948 only. Bejpnning wi h the Octc ber 1949 SiJRVEY, five new cornponents are shown (marked with "§"); the total of t he two corn ponents ' household equipmen t, etc." an d "househ Did furnish ings" cove rs all iterm formerly included ic ''electric household
equipment" and "housefurnishings, etc." Data for January-J uly 1948 for the new 3omponent s are availsible upon r equest.
§See note marked "$" above.
SUEVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 19oO
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
DOMESTIC TRADE—Continued
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities):
Number
__
_
Value
Domestic, paid (50 cities):
N umber
Value
5,105
101, 312
4, 718
91, 387
4,318
84, 477
4,743
84, 583
thousands _ . 16, 680
264, 621
thous of dol
14, 106
218, 673
13, 971
197,015
14, 711
207, 673
_ _ .thousands..
thous. of dol
r
4, 041
81, 320
3,967
85, 093
4,175
83, 785
4, 557
88, 798
4,409
83, 938
4,844
90, 046
4, 531
89, 403
4,961
88, 510
5,237
107, 778
12, 822
185, 481
13, 749
203, 946
13, 592
201,534
14, 005
207, 377
14, 397
205, 209
15,096
209, 721
14, 463
190, 987
12, 694
181, 523
15, 973
225, 619
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services total
bil of dol
178.7
179.3
179.7
179.8
182.7
Durable goods, total
Automobiles and parts
Furniture and household equipment
Other durable goods
do
do
do
do
23.0
10.3
23.6
9 9
10.0
25.7
11 0
11.2
35
25.2
10 6
11.1
26.9
11 1
12.4
3 4
Nondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods
do
do
do
do
do
do
do
100.4
19.3
60. 1
4 3
99.8
19.3
59.5
4 6
97 6
17.9
58.8
4 6
18
97.7
18.2
58.8
4 6
98 1
17.9
59. 2
4 7
19
10.5
10.4
10.1
10.1
10.3
Services
Household operation
Housing
Personal service
do
do
do
do
55.3
81
16.6
36
4 o
5 2
17.7
55.9
81
16.8
37
4 0
5 2
18.0
56.5
83
17.0
37
4 i
5 2
18.3
56.9
57.7
8 7
17.6
3 7
3 8
5 2
18.7
Transportation
Other services
do
do
9.0
3.7
3.7
1.8
4.3
2.0
4.3
3.6
1.8
4.3
4.3
4.3
8.4
17.3
3.7
39
5.2
18.4
RETAIL TRADE
All types of retail stores :f
Estimated sales, unadjusted, total 9 --mil. of dol .
Durable-goods stores 9
-do
Automotive group 9 .
_ do _ _ _
Motor- vehicle dealers 9
_ do
Parts and accessories cf
do
Building materials and hardware group d*
mil.
of
doL.
Building materials^1
_ _ do _
Farm implements
do
Hardwarecf- . . ._
-_ do __.
Homefurnishings group cf
do
Furniture and housefurnishingsd" _1 do _.
Household appliances and radios d* -.. do
Jewelry stores d*
__
__ do
10, 526
3,280
1,989
1,864
10, 763
3, 520
2,039
1,898
126
11,137
3,469
2,059
1,925
134
728
438
818
482
855
523
132
159
489
288
148
188
515
307
141
135
197
542
328
10, 809
3,601
2.093
1,945
10, 210
3,370
2, 026
1,880
10, 630
3,631
2,165
2,019
10, 998
3,526
2,006
1,872
11, 125
3.596
2,011
1, 868
134
143
10. 872
3,348
1,794
1,650
12, 846
3,378
1,588
1,419
170
9,522
3, 061
1,907
1,799
108
874
544
788
486
851
563
880
591
898
606
835
569
780
475
619
414
352
233
212
64
9 468
1,208
345
507
6,462
606
165
261
86
94
286
875
148
139
192
543
320
146
128
173
490
274
201
73
208
78
214
84
223
91
216
66
7,246
754
163
369
103
118
298
937
7,668
934
203
437
124
170
300
952
7, 243
6, 839
103
127
296
944
7,208
736
192
315
97
132
297
932
Food group 9
do
Grocery and combination 9
_do
Other food9
- ~- do __.
Filling stations
do
General-merchandise group §
do .
Department, including mail-order $ _ _ _ do
General, including general merchandise
with food
mil. of dol
Dry goods and other general merchandised*
mil. of dol__
Variety _ _
_
do
Other retail storesO
do
LiquorO
do
Other§ _. _ _ .
do
2,512
2,002
2,461
1,961
2,491
1,973
1,242
832
2,583
2,072
512
524
1,401
920
1,303
864
140
162
116
153
1,003
136
184
137
866
974
146
828
Estimated sales (adjusted), total
do
Durable-goods stores.
do
Automotive group
do
Motor- vehicles dealers _
__do
Parts and accessories
do
Building materials and hardware group
mil. of dol. _
Building materials . _
_
do_ _
Hardware
do
Homefurnishings group
do
Furniture and housefurnishings
_ do _ _
Household appliances and radios
do
Jewelry stores.
..do
10, 724
3, 309
1,902
1,764
Nondurable-good stores 9
do
Apparel group cf
do
Men's clothing and furnishingsd"
do
Women's apparel and accessories
do
Family and other appareled
do
Shoes
_
. -_ - do
Drug stores
do
Eating and drinking places 9
do _
r
510
500
145
121
167
541
307
114
174
564
316
116
176
603
333
144
100
167
621
350
85
220
776
424
247
77
270
84
6,998
563
118
268
78
99
293
972
7 472
7,529
806
186
385
112
122
295
961
7 524
2, 518
1,997
1,270
836
2,574
2, 056
518
573
1,058
656
1, 190
783
2,566
2,036
529
551
1,347
913
2,563
2,040
522
567
1,377
929
2,484
1,978
506
533
1,504
1,040
2,823
2,272
551
540
2,264
1,500
156
154
149
144
146
145
143
178
126
157
123
157
103
151
107
156
125
162
130
173
136
184
885
125
760
757
178
348
500
550
518
552
530
132
226
73
98
296
945
521
563
788
171
373
107
136
288
QKQ
835
209
390
121
115
286
895
187
168
384
954
9,281
3. 054
1,889
1, 783
11.069
3,740
2.317
2,180
137
••605
' 400
79
125
496
267
229
65
781
511
107
78
127
472
259
234
75
271
97
r
r
7 328
«• 2, 336
1, 855
2, 300
1, 851
2 575
2 074
654
'980
-647
1,242
845
112
109
128
92
128
89
113
156
1 045
480
487
986
75
88
272
798
449
453
932
132
799
930
130
800
863
130
733
899
126
774
974
138
836
960
148
812
988
157
832
10, 814
3,314
1,914
1,779
10, 549
3,333
1,949
1. 813
10, 669
3,480
2,081
1,947
10, 856
3,504
2,074
1, 942
10, 678
3, 551
2,094
1,955
10, 630
3,334
1 867
1,729
10, 503
3,145
1,675
1,534
10, 855
3, 558
2,077
1,941
138
10, 684
3,346
1,933
1,798
r 11,101
135
10, 759
3, 328
1,885
1,746
138
141
136
144
792
492
788
483
813
507
792
496
766
473
783
501
796
515
781
507
798
532
798
524
800
531
171
519
306
177
516
301
213
96
215
96
183
538
311
227
92
135
177
528
306
222
93
136
134
132
177
533
306
165
529
299
168
546
302
227
85
230
87
244
88
139
166
583
318
265
93
165
579
318
261
90
173
589
334
255
83
258
66
6 227
* 536
131
' 242
209
377
1,296
,258
1,037
139
118
152
576
317
167
592
336
255
89
»• 135
888
123
766
762
169
361
104
128
297
895
501
512
139
906
3, 742
2 206
2, 061
11,132
3 740
2 189
2 038
151
828
553
168
853
575
r
r
616
337
278
93
164
609
338
271
89
Revised.
tRevised series. Dollar estimates of sales for all types of retail stores and for chain stores and mail-order houses have been revised for various periods back to 1943 and revisions from August
1948 forward are shown beginning with the October 1949 SURVEY; specific periods for which the series have been revised are as stated in the notes below. Also in the October 1949 SURVEY, adjusted dollar values for sales and inventories of all types of retail stores were substituted for the index numbers formerly shown; monthly data for 1946-48 for both the unadjusted and adjusted
series appear on pp. 21-23 of that issue. Unpublished revisions are available upon request. Revised data on sales of chain stores and mail-order houses for 1943-July 1948 are shown on p. 23 of
the April 1950 SURVEY.
9 Revised beginning 1943.
cfRevised beginning 1948.
§Revised beginning 1947.
©Revised beginning 1945.
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-9
1949
March
April
May
June
July
1950
August
September
October
November
December
January
Febru-
ary
March
DOMESTIC TRADE— Continued
RETAIL TRADE—Continued
All types of retail storesf— Continued
Estimated sales (adjusted), total— Continued
Nondurable-goods stores
mil of dol
Apparel group
_ .
_
do
Men's clothing and furnishings
do
Women's apparel and accessories
do
Family and other apparel
do
Shoes
do
Drug stores
do
Eating and drinking places
do
Food group
do
Grocery and combination
do
Other food
do
Filling stations
_
.. do
General-merchandise group
do
Department, including mail-order do
Other retail stores _ do .
Estimated inventories (adjusted), total
do
Durable-goods stores
do
Automotive group _ _ _ _ _
do
Building materials and hardware group
mil. of do!-.
Homefurnishings group
do
Jewelry stores
do
Nondurable-goods stores.
do
Apparel group
do
Drugstores.
do
Eating and drinking places
do
Food group .
do
Filling stations
do
General-merchandise group
do __
Other retail stores
do
Chain stores and mail-order housesif
Sales, estimated, total 9
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 places
do
Furniture and housefurnishings
do
General -merchandise group
do
Department, dry goods, and general merchandise
mil. of dol
Mail-order (catalog sales).
__ _
do _
Variety
do
Grocery and combination.
do_
Indexes of sales :f
Unadjusted, combined index?
1935-39=100 _.
Adjusted, combined index 9 ___ _ _ do _
Apparel group cf
do
Men's we arc?
do
Women's wear d"
do
Shoescf. . _ - _ _ _ _ _ _ 31 _ d o _ _
Automotive parts and accessor iesd
do
Building materials c?
do
Drue
do
Eating arid drinking placesd"
do
Furniture and housefurnishingsd"
do
General-merchandise group cf
do
Department,1 dry goods, and general merchandised _
1935-39=100
Mail-orderd*
_ _ _ _ _
_ do
Variety d"
do
Grocery and combination
do
Department stores:
Accounts, collections, and sales by type of
payment:
Accounts receivable, end of month:
Charge accounts
_
1941 average =100
Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent
Instalment accounts
.
_ _ _ do _
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales ...
___
do_ _
Instalment sales
do
7,415
776
184
352
111
129
305
955
7,500
801
180
380
111
130
310
973
7,431
800
194
366
112
128
297
920
7,338
772
188
355
105
124
303
923
7,216
708
179
315
99
115
299
926
7,189
695
167
314
97
117
296
915
7,352
738
173
337
104
124
293
916
7,127
709
165
334
99
111
295
904
7,296
762
179
360
104
119
296
900
7, 358
747
182
342
104
119
290
937
7,297
756
194
331
107
124
305
917
7,359
735
186
319
104
125
304
930
7,392
740
179
325
105
132
305
913
2, 560
2,040
520
528
1,317
859
974
2,540
2,027
513
534
1,367
905
975
2,539
2,033
506
524
1,376
909
975
2,527
2,009
518
526
1, 336
885
951
2, 500
1,989
511
526
1,304
868
953
2,502
1,989
513
528
1,317
881
936
2,540
2,032
508
534
1,342
897
989
2,465
1,964
501
535
1,274
851
945
2,539
2,027
512
536
1,297
859
966
2,519
2,024
495
538
1,356
911
971
2,511
1,994
517
541
1,304
867
965
2, 563
2,052
511
548
1,298
862
982
2,599
2,092
506
540
1,282
848
1,012
14, 700
5,751
2,150
14, 458
5,669
2,038
14, 139
5, 375
1,841
14, 182
5,357
1,914
13, 862
5,289
1,917
13, 932
5,333
2,051
14, 355
5,580
2,222
14, 475
5,725
2,317
14, 336
5,548
2,116
13, 698
5,112
1,740
13, 998
' 5, 352
' 1, 973
' 13, 800
1,904
1,234
463
8,949
1,833
602
465
1,523
329
2,925
1,272
1,938
1,235
458
8,789
1,794
588
426
1,458
328
2,847
1,348
1,935
1,139
460
8,764
1,798
581
423
1,488
333
2,787
1,354
1,904
1,086
453
8,825
1,810
596
423
1,530
347
2,733
1,386
1,882
1,039
451
8,573
1,716
571
402
1,543
347
2,646
1,348
1,840
993
449
8,599
1,752
583
398
1,529
324
2,675
1,338
1,869
1,047
442
8,775
1,806
596
411
1,552
327
2,767
1, 316
1,870
1,112
426
8,750
1,809
563
396
1, 550
301
2,843
1,288
1,865
1,130
437
8,788
1,780
555
411
1,496
287
2,943
1,316
1,798
1,117
457
8,586
1, 768
541
416
1,444
277
2,893
1,247
1,849
1,071
'459
' 8, 646
1,746
567
392
1,489
270
2,943
' 1, 239
' 1, 808
' 1, 124
'455
' 8, 637
2,186
238
38
120
59
38
70
68
52
22
530
2,401
308
46
148
90
42
85
67
54
24
620
2,240
238
37
116
66
46
93
66
51
26
581
2,226
235
38
108
70
47
99
66
51
25
573
2,095
176
22
88
52
49
87
69
52
23
501
2,144
180
21
93
52
47
102
66
53
26
562
2,307
249
40
117
71
41
112
64
50
26
622
2,358
239
38
119
62
44
113
67
51
29
637
2,339
236
43
113
59
43
99
63
49
29
669
3,068
358
65
168
96
64
78
94
52
40
1, 041
1,872
162
30
73
45
31
70
63
50
20
415
' 1, 887
298
92
129
816
368
86
155
848
351
86
132
789
347
82
132
773
300
62
127
797
330
90
132
754
369
105
137
778
381
100
145
812
378
126
155
789
570
140
317
906
286.8
302.0
315.1
271.2
413.0
243.0
241.8
300. 2
225 2
218.1
214.9
289.9
310.6
304.5
328.8
273. 4
441.1
246.9
240.8
306.5
229.8
233.2
229.4
288.3
306.9
308.4
315.4
291.1
404.5
241. 1
248.2
325. 1
225.2
221.4
236. 6
303.4
300.5
300.9
304.3
271.3
392.5
235.7
235. 2
325.6
225.3
223. 7
231.8
293. 1
274.7
296.7
284.9
250.1
368. 8
220.9
248.0
306. 6
233.8
221.2
244.2
285.6
281.0
300.5
291.0
245.1
374.9
232.5
238. 2
321.8
223. 9
224.9
242.5
294.5
314.9
306.9
313.0
291.9
396.6
240. 6
222.5
340.5
222.4
214.5
229.4
299.3
306.0
294.0
283.7
228.5
387. 8
210.6
244.0
336.3
220.0
211.8
248.7
272.5
321.5
301.0
297.8
264. 7
390.5
224.8
223.9
351.8
215.7
210.7
229.3
286.9
348.8
246.8
226.3
367.1
349.3
244.3
221.2
366.3
368.2
269.6
226.0
368.7
356.3
258. 7
218.0
358.4
344.0
256.7
215.0
358.0
358.4
262.9
217.9
360.8
363.8
261.8
225. 6
368.1
328.5
232.3
212.1
358.8
180
152
190
152
191
153
187
152
163
151
161
155
182
165
55
23
53
23
53
22
53
21
49
19
51
21
51
42
7
51
41
8
50
42
8
51
42
7
52
39
9
50
40
10
* 5, 163
' 1, 776
' 1, 776
'579
••399
* 1. 504
-285
' 2 955
' 1, 139
14, 175
5, 257
1, 719
1,909
1,174
455
8,918
1,841
568
439
1,591
317
3, 019
1, 143
25
76
45
32
'63
61
45
21
431
2, 239
244
39
119
66
43
73
66
51
26
546
228
71
108
737
235
73
114
755
311
94
131
849
389.7
302.5
301.0
282.3
383. 0
231.1
258.8
345. 5
218.1
209.0
244.9
295.4
258.9
299.8
299.8
280.8
377.4
236. 5
257.6
340.1
220.9
214.8
256.5
290.3
' 272. 1
' 306. 1
' 293. 6
' 251. 1
'371.3
266. 7
r 336. 0
220.7
'212.4
251.5
r 297. 0
291.6
303. 8
299.5
254. 1
376.8
250.4
274.1
214.8
220.2
213.2
249. 5
291.3
342.2
255.8
223.1
365.6
346.7
269.4
235.4
361.9
350.1
245.2
228.1
356.0
r 363. 8
248.4
' 226. 4
368.3
354. 2
251.9
221.1
377. 3
191
175
213
189
285
214
223
209
'191
207
185
209
52
20
53
20
54
20
52
20
49
18
'48
17
53
20
49
42
9
48
42
10
48
43
9
50
42
8
49
42
9
48
42
10
48
42
10
' 159
' 241. 8
339
238
295
218
Sales, unadjusted, total U. S
1935-39=100-254
481
224
299
293
268
287
216
P257
294
425
324
381
Atlanta
___ _ _ _
do
365
339
642
322
323
393
395
285
359
155
173
292
232
Boston
do
194
234
248
241
256
418
177
185
P207
212
324
296
262
Chicago _
do_ .
239
280
438
204
271
229
277
205
241
214
332
234
282
Cleveland
do
254
274
265
304
292
465
215
217
256
333
Dallas
do _
••352
442
310
404
414
331
373
313
377
662
327
362
275
Kansas City
_
do
249
328
280
311
347
325
284
306
••505
228
244
v 277
211
242
255
Minneapolis
_
._ . . . do_ .
241
295
279
310
314
307
188
438
' 210
228
New York J
do
155
293
171
' 210
243
243
237
224
230
401
183
'183
209
188
Philadelphia __ _
do. .
249
355
279
280
284
256
472
201
277
197
207
255
236
Richmond
do
' 275
314
243
309
287
310
541
234
378
328
218
283
254
S t . Louis
_
_
_ _ _ _ _
do
335
283
287
328
378
331
327
504
232
252
280
285
332
280
San Francisco t
do
289
313
331
314
323
P 2Q2
565
251
'273
358
339
r
Revised.
*> Preliminary.
fSee note marked "t" on p. S-8 2 Revised beginning 1943. ^Revised beginning 1948. JRevisions for January 1949 are as follows: New York, 195; San Francisco, 271. Revised data for San
Francisco for 1919-48 are shown on p. 21 of this issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
S-10
Mav 1050
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
January February
March
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores — Continued
Sales, adjusted, total U. S.*
Atlanta*
Boston
Chicago*
Cleveland^
Dallas*
Kansas City*
_
1935-39=100
__
do--_
do
_ __
do
do
do
do
Minneapolis*
__
do
NewYork__
_
do _
Philadelphia*
_
do
Richmond*
do
St. Louis
_ do
San Francisco*
_
__
do
Stocks, total U. S., end of month:*
Unadjusted..
__ _ _
do __
Adjusted
do
Mail-order and store sales:
Total sales, 2 companies
thous. of doL_
Montgomery Ward & Co
do
Sears, Roebuck & Co. do_ _
Rural sales of general merchandise:*
Total U. S., unadjusted
... 1935-39=100-East
do
South
_ __
do._ Middle West
do
Far West
_ _
_ _
do.. Total U. S , adjusted
do
East
___
do
South_
do
Middle West
do
Far West
do
WHOLESALE TRADE
Service and limited-function wholesalers:*
Sales, estimated (unadj.), total
mil. of dol__
Durable-goods establishments
__ . do
Nondurable-goods establishments
do
Inventories, estimated (unadj.), total
_ do
Durable-goods establishments
do
Nondurable-goods establishments
__do _.
279
365
208
266
279
'280
383
'229
262
271
409
'301
293
237
276
311
330
339
246
229
267
300
282
316
'284
'220
276
' 299
300
'323
305
273
244
271
244
272
'267
T
279
p289
P284
315, 329
112, 398
202, 931
327, 785
115, 727
212,059
434, 472
150, 420
284, 053
202, 617
61 . 458
141, 160
206, 104
63, 805
142, 299
268, 483
85, 639
182, 845
317.3
285.3
354.6
305.1
338.4
286.9
275.1
311.6
283.6
295.8
318.4
278.7
384.0
297.6
352.1
266. 2
232.2
300.5
253.3
313.3
369.4
371.7
445.2
345. 5
363. 6
285.0
266.1
325. 4
262.9
290.0
442.1
408.2
484.4
417.1
509.9
312.2
282.5
350.3
281.1
325.2
212.7
191.8
241.6
203. 0
231. 1
281.0
253. 0
302.0
270.7
314.0
229.0
207.9
270.7
208.4
237. 5
273. 6
242. 3
294.2
260.5
317.9
258.7
246.5
290.2
247.9
5,851
1, 843
4,008
7,002
2,820
4.182
5,769
1,842
3,927
7,007
2.736
4,271
5,904
1,762
4, 142
7,019
2,733
4,286
5,685
1,688
3,997
6,888
2,757
4,131
5,165
1,457
3,708
6,984
2,849
4,135
291
376
243
275
295
384
309
285
368
242
262
281
385
309
280
377
227
258
274
387
304
283
360
234
276
269
374
299
289
367
241
282
279
374
312
276
376
211
258
259
387
301
277
367
234
262
266
371
299
293
382
239
281
283
404
322
309
'328
292
242
274
303
321
335
273
234
271
315
335
340
266
236
269
311
314
335
261
222
261
326
325
329
269
234
268
304
326
333
276
238
277
306
332
326
278
223
260
295
309
337
267
227
267
305
300
319
287
282
285
278
277
273
256
265
245
256
254
253
274
263
297
270
258, 692
89, 179
169, 513
295, 754
101,110
194, 644
292, 936
100, 334
192, 602
284, 289
90, 678
193,611
240, 126
77, 005
163,121
280, 233
95, 517
184,716
316, 387
106, 735
209, 652
260.5
248.8
290.4
251.1
268.2
261.3
248.8
305.7
264.3
298.0
278.4
265.7
302.5
264.8
290.0
290.9
267.3
329.5
271.3
310.2
272.4
264.0
287.7
262.6
283.2
303.7
294.0
347.0
296.4
316.1
260.1
244.1
273.1
251.5
300.0
293.2
281.2
333.5
274.6
331.5
209.1
183.1
228.2
202.9
249.9
283. 7
274.1
326.5
271.8
306.2
263.5
235.9
289.4
250. 3
305. 4
287.4
269.0
322.3
270.3
313.2
5, 737
1,839
3,898
7,413
3,392
4,021
5,236
1,765
3,471
7,217
3,341
3,876
5,220
1,754
3,466
6,992
3,222
3,770
5,247
1,735
3,512
6, 854
3,092
3,762
4,856
1, 525
3,331
6. 839
2,970
3, 869
5,551
1,737
3,814
6,873
2,848
4,025
'391
301
267
' 223
272
' 295
P274
282
376
244
274
290
396
300
293
389
251
277
301
374
314
r
r
r
374
*216
265
270
389
P298
249
217
263
287
p297
p321
269. 2
259.5
246.5
305.5
260.9
299.1
5,720
5, 035
1, 583
3, 452
7, 057
2,908
4,149
3,838
7,225
3,022
4,203
1,882
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:§
Total, including armed forces
_ thousands
Civilian population
do
148, 430
146, 921
148, 639
147, 145
148, 823
147, 354
149,014
147, 546
149,215
147,752
149,452
147, 983
149, 703
148, 244
149, 947
148, 502
150, 183
148, 747
150, 397
148, 966
150, 604
149, 196
150, 808
149, 442
150, 998
149, 653
109, 290
53, 730
55, 560
109, 373
53, 764
55, 609
109, 458
53, 799
55, 659
109, 547
53, 837
55, 710
109,664
53, 898
55, 766
109, 760
53, 939
55, 821
109, 860
53, 984
55, 876
109, 975
54, 036
55, 939
110, 063
54, 075
55, 988
110, 169
54, 121
56, 048
110, 256
54, 160
56, 096
110, 344
54, 196
56, 148
110,442
54, 238
56, 204
Total labor force, including armed forces. __do
Armed forces...
_ do.. Civilian labor force, total.
___do
Male
do
Female _ _
do
Employed
do
Male
do
Female
do
Agricultural employment
do
Nonagricultural employment
do
Unemployed
__ do .
62, 305
1,491
60, 814
43 525
17, 289
57, 647
41, 092
16 555
7,393
50, 254
3,167
62, 327
1,492
60, 835
43 668
17,167
57, 819
41, 463
16 356
7,820
49, 999
3,016
63, 452
1,469
61,983
43, 886
18,097
58, 694
41, 521
17, 173
8,974
49, 720
3,289
65, 278
64, 866
1,463
1,468
63, 815
63, 398
45, 267
44, 832
18,548
18, 566
59, 720
59, 619
42, 422
42, 233
17,386 • 17, 298
9,647
9,696
50, 073
49, 924
4,095
3,778
65, 105
1,468
63, 637
45,163
18, 474
59, 947
42, 644
17,303
8, 507
51, 441
3,689
64, 222
1, 459
62, 763
44, 319
18,444
59, 411
42, 085
17, 326
8, 158
51, 254
3,351
64, 021
1,445
62, 576
43, 988
18, 588
59, 001
41,426
17, 575
7,710
51, 290
3,576
64, 363
1,436
62, 927
44, 099
18, 828
59, 518
41 783
17 735
7,878
51,640
3,409
63, 475
1, 430
62, 045
43, 765
18, 280
58, 556
41, 293
17,263
6,773
51, 783
3,489
62, 835
1,408
61, 427
43, 715
17, 712
56, 947
40, 453
16, 494
6,198
50, 749
4,480
63, 003
1,366
61, 637
43 769
17, 868
56, 953
40 343
16 610
6,223
50 730
4,684
63, 021
1,346
61,675
43 879
17, 796
57, 551
40 877
16 674
6,675
50, 877
4,123
Not in labor force
46, 985
47, 046
46, 006
44, 683
44, 385
44, 655
45, 638
45, 953
45, 701
46, 694
47, 420
47, 342
47, 422
EMPLOYMENT
Employment status of noninstitutional population:
Estimated number 14 years of age and over,
total
_
thousands
Male.
do
Female
do
_
do
Employees in nonagri cultural establishments:!
Total, unadjusted (U. S. Dept. of Labor)
42, 601
42, 731
42, 835
42, 573
42, 994
42, 966
thousands _ _
42, 918
43, 466
42, 784 r 43, 694 ' 42, 151 ' 41, 687 v 42, 323
13, 757
13,892
14,114
13, 884
14, 033
14,312
Manufacturing
do
14, 475
14. 177
13, 877
13, 997
14,016 P 14, 091
13, 807
7,392
7, 255
7,302
6,986
7,656
7,441
' 7, 303 ' 7 347 ' 7 335 P 7 421
Durable-goods industries
do
7,819
7 050
7,409
6,492
6,812
6,502
6,521
6,436
6,906
6,656
' 6, 728 ' 6, 634 ' 6, 664 P 6, 670
Nondurable-goods industries
do 6, 757
6,903
974
593
984
968
Mining, total
do
981
943
956
940
p 927
' 600
948
917
' 859
95
65
92
102
103
101
94
92
100
Metal
do_.
' 92
91
83
»91
76
79
78
76
76
77
Anthracite
do
76
77
76
76
77
P 77
77
421
100
410
425
446
438
431
Bituminous coal
do
448
'425
' 352
P 4:19
' 93
407
Crude-petroleum and natural-gas production
261
262
259
260
264
256
thousands ..
257
263
252
'253
255
'251
P251
98
99
99
95
Nonmetallic mining and quarrying
do
96
97
98
94
99
'88
96
89
pQQ
2,341
2,341
2,036
2,137
2,205
Contract construction _ __
do
2,313
2,277
1,947
2 244
2,088
' 1 919 ' 1 919 Pl 855
3,975
3,991
4,021
4,031
Transportation and public utilities
do
3,992
3,871
3,959
4,007
3 892
'3 930 ' 3 868 ' 3 839 p 3 872
1, 387
1,416
1,381
1, 370
1,410
Interstate railroads _ .
_
do
1,339
1,375
1,257
1,333
P 1 315
1 281
l'316
l'291
159
158
160
161
159
157
Local railways and bus lines
do
157
152
156
P152
154
154
153
644
641
638
639
Telephone
__
do
625
637
633
619
P 605
612
605
616
608
P 45
55
Telegraph
do
55
55
52
49
53
52
50
46
48
48
47
505
507
509
515
521
Gas and electric utilities
_ __do
514
520
519
P 513
513
512
511
514
' Revised.
* Preliminary.
JThe following revisions in the adjusted indexes of department-store sales appear on p. 24 of the April 1950 SURVEY: Atlanta, 1944-April 1948; Chicago, 1945-April 1948; Cleveland and
Minneapolis, 1946-March 1948; Kansas City, 1945-March 1948; Philadelphia, 1944-March 1948. Revised data for San Francisco for 1919-48 are shown on p. 21 of this issue of the SURVEY. Revisions for New York and Richmond for 1946-January 1949 are available upon request. Current revisions for Dallas are tentative, pending completion of the revision for earlier periods.
Department store sales indexes for the United States reflect all revisions in the districts and, therefore, are subject to further adjustment. Recent revisions of data on department-store
stocks, by districts, are reflected in the U. S. total which is also subject to further revision. The indexes of rural sales of merchandise have been recomputed on a 1935-39 base; data through
1948 appear in the 1949 STATISTICAL SUPPLEMENT. The series on wholesale trade have been revised back to 1939; monthly figures for 1946-48 and annual data beginning 1939 are shown on
pp. 18-20 of the October 1949 SURVEY; unpublished revisions are available upon request.
§Data for 1947 and 1948 (shown in the 1949 STATISTICAL SUPPLEMENT) have been revised; revisions prior to August 1948 are available upon request.
fRevised series. See note marked "f" on p. S-ll.
SURVEY OF CURRENT BUSINESS
May I0r>()
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-ll
1950
1949
March
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
EMPLOYMENT AND POPULATION—Continued
EMP LO YM ENT—Continued
Employees in nonagricultural establishmentsf —
Continued
Unadjusted (U. S. Dept. of Labor) — Continued
Trade
_ _ _ _ _
thousands
Wholesale trade
do
Retail trade
do
General-merchandise stores
do _
Food and liquor
do
Automotive and accessories dealers.-, do
Finance
do
Service
__
„
do
Hotels and lodging places
do
Laundries
do
Cleaning and dyeing plants
do ___
Government
_
do
Total, adjusted (Federal Reserve) _
Manufacturing
Mining
__
Contract construction
Transportation and public utilities _
Trade
Finance
__
Service
Government __
._
do
do
do
do
do
do
do
do
do
Production workers in manufacturing industries:!
Total (U S Dept of Labor)
thousands
Durable-goods industries
do
Ordnance and accessories
__
do
Lumber and wood products (except furniture) _
__
thousands
Sawmills and planing mills.. _ _. __ do ___
Furniture a n d fixtures
_ _ _ _ _
do
Stone, clay, and glass products .
do
Glass and glass products
__
do
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
thousands
Primary smelting and refining of nonferrous metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment) _.thous
Heating apparatus (except electrical) and
plumbers' supplies
.thousands _ _
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
do
Automobiles.
_
_ do
Aircraft and parts
do
Ship and boat building and repairs
do
Railroad equipment-.
_
do
Instruments and related products __ do.. _
Miscellaneous mfg. industries
do
Nondurable-goods industries
do
Food and kindred products
do
Moat products
__. . do
Dairy products
do
Canning and preserving ___
do
Bakery products
do
Beverages __
do
Tobacco manufactures
do
Textile-mill products do
Broad-woven fabric mills
_ _
do._ _
Knitting mills
do
Apparel and other finished textile products
thousands
Men's and boys' suits and coats .-do ...
Men's and boys' furnishings and work
clothing. __
thousands
Women's outerwear -_ _
do
Paper and allied products
do
Pulp, paper, arid paperboard mills. . .do
Printing, publishing, and allied industries
thousands
Newspapers
_ ..do
Commercial printing..
_
_ .do. ._
Chemicals and allied products
do
Industrial organic chemicals
do
Drugs and medicines
do
Paints, pigments, and
fillers
do
Products of petroleum and coal.
do.
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
. . . do
Manufacturing production-worker exmployment
index, unadjusted (U. S. Dept. of Labor) f
1939=100-Manufacturing production-worker employment
index, adjusted (Federal Reserve)!
1939= 100- _
r
Revised.
v
Preliminary.
r
r
9,310
2,523
6,787
1,411
1,193
648
1,749
4,720
445
346
144
5,761
9,478
2,504
6,974
1, 515
1,204
658
1,757
4,768
451
347
150
5,775
9,342
2,482
6. 860
1,434
1 ?03
661
1,763
4,804
464
353
153
5,813
9,336
2,491
6,845
1,401
1,208
670
1,774
4,834
487
361
154
5,803
9,220
2,472
6,748
1,356
1,201
679
1,780
4,851
511
364
151
5,738
9,213
2,515
6,698
1,337
1,181
688
1,780
4,836
504
358
144
5,763
9,409
2,538
6 871
1,432
1,192
692
1 771
4,833
475
356
147
5, 893
9,505
2,554
6,951
1,489
1,200
696
1,767
4,794
451
350
147
5,866
9, 607
2, 538
7,067
1,588
1,208
704
1,767
4,768
445
348
145
5,783
43, 445
14, 501
987
2,140
4,008
9,497
1,749
4,792
5,771
43, 263
14, 316
987
2,121
4,008
9, 516
1,748
4,792
5,775
43, 027
14, 095
975
2,116
4,024
9,475
1,754
4,804
5,784
42, 896
14, 007
965
2,100
4,003
9,456
1, 756
4,786
5,823
42, 711
13,917
939
2,128
3,968
9,368
1,755
4,777
5,846
42, 864
13, 979
949
2 167
3,947
9,420
1,762
4 788
5,852
43, 068
14, 108
943
2 188
3, 939
9 453
1, 780
4 785
5,872
42, 163
13, 706
591
2,203
3,877
9,386
1,785
4,770
5,845
42, 385
13, 695
917
2 200
3, 895
9 303
1,784
4 768
5,820
' 42, 710 r 42, 569
' 42, 271 •P 42, 795
' 14, 023 *U, 120
' 13, 922 '14,017
r
'609
940
865
v 934
T
2,084
2 131
2,
109
•P 2 091
' 3, 930 r 3, 901
3,872
v 3 905
' 9 426 'T 9 363
9, 350
v 9 398
1, 785
' 1, 788
1, 782
P 1 789
4,769
' 4 762
4, 748
•P 4 782
5,779
5,784
P 5 776
5, 811
11, 904
6 417
23
11,616
6,262
23
11,324
6 057
21
11, 337
6 022
21
11, 211
5,894
19
11 561
5 947
18
11 775
6 060
18
11, 368
5 651
18
11 289
5 719
17
'r11 504
5 961
17
659
385
274
423
107
1,062
659
389
268
416
105
1,028
672
399
259
414
106
991
686
410
257
409
105
971
676
407
253
400
101
934
686
414
263
412
107
932
684
416
277
414
107
938
689
414
284
411
108
559
692
413
283
411
108
743
'682
404
289
412
107
'955
'641
381
289
403
106
'963
'650
384
' 297
'408
108
'977
552
545
534
523
506
498
499
131
325
r 507
' 511
513
9, 273
2, 514
'r 6, 759
1, 418
' 1, 193
'701
r
1, 773
4,701
«• 10, 156
«• 2, 542
7,614
' 1, 987
1,217
'717
' 1, 770
' 4, 738
'443
347
143
6,041
r 429
347
141
5,777
r
11,451
r 6 001
17
9,179
2,495
6,684
1,384
1,194
^699
1, 776
4, 697
431
345
140
5, 742
9, 262
2,476
6 786
1,442
1 205
*696
P 1 789
f 4, 710
v 432
"345
v 142
"5 769
' 11, 464 P 11 551
' 5 986 v 6 072
17
•P 18
P p,68
P 298
P 410
^983
47
47
45
45
42
41
42
39
38
41
43
46
729
706
683
679
671
688
708
677
666
688
693
'699
108
1,108
585
1,017
646
192
98
72
183
354
103
1,066
560
1,012
649
192
93
69
181
343
97
1,014
538
955
601
187
92
67
177
333
94
977
518
995
646
187
88
66
176
333
92
939
505
1,014
670
192
86
59
170
313
100
927
507
998
678
185
80
47
169
347
no
935
531
1 017
686
191
74
56
172
366
116
922
548
986
666
188
69
53
174
383
113
908
546
898
582
184
71
51
174
381
111
929
r 559
896
585
184
69
50
173
108
936
112
' 960
' 571
r 361
5,487
1,069
226
103
110
185
149
85
1,150
558
211
5,354
1,071
217
108
125
186
140
82
1, 1UO
530
207
5,267
1,095
221
115
131
188
148
82
1 087
526
202
5,315
1 153
226
122
169
192
152
84
1 083
525
203
5,317
1,224
227
122
220
191
169
82
1 057
518
200
5,614
1 350
229
116
339
194
165
91
1 092
'530
211
5,715
1 340
230
110
322
196
157
94
1 132
547
219
5,717
1 273
236
104
232
199
149
92
1 168
565
227
5,570
1 185
242
99
160
195
146
89
1 184
572
230
' 5, 543
1 139
251
96
136
190
141
87
1 187
574
227
1,051
137
1,008
134
956
118
959
122
942
116
1 040
131
1 082
133
1 083
129
1 028
118
T
242
318
386
201
241
289
377
196
239
257
372
194
236
258
369
192
221
263
365
188
235
306
371
191
246
319
384
197
252
308
392
200
251
280
393
201
r 247
r 296
496
139
164
511
157
61
44
187
149
194
89
358
234
495
140
163
495
148
61
44
188
149
190
89
348
228
494
141
162
476
142
60
43
188
149
185
87
332
216
494
142
163
464
139
60
43
189
150
181
86
339
223
485
141
162
453
136
59
41
189
150
177
82
342
226
486
141
161
458
135
60
42
190
150
495
144
163
478
140
61
42
189
149
500
144
166
488
141
62
44
185
148
r 501
r 145
81
356
234
64
354
230
81
349
224
500
145
165
485
143
62
44
188
148
186
81
332
208
r Q4Q
r 224
145.3
141.8
138.2
138.4
136.9
141.1
143.7
138.8
137.8
140.4
' 139. 8
' 139. 9
P 141.0
145.6
143.4
140.8
139.9
138.9
139.6
141.3
136.6
136.5
139.0
' 140. 2
' 140. 2
"141.3
-^ 040
127
390
200
168
484
144
62
44
185
146
187
82
r 561
' 980
r 677
185
66
46
172
' 346
' 5, 450
1 078
244
95
117
186
135
OK
1 176
567
223
r 1 0*34.
r 130
r
242
' 303
385
199
' 493
143
167
480
144
62
44
r 879
574
184
68
46
' 172
' 356
"710
P 982
P 577
P 890
p 173
P 363
' 5, 478 P 5, 479
' 1 056 p i n^fi
232
97
109
188
134
01
~~
*rn
' 1 183
571
223
135
245
315
qoc
199
' 495
146
164
A OK.
"" ~
144
59
45
1 84.
1 S'3
145
187
83
144
' 187
232
oq r
oq
^187
p
357
SURVEY OF CURRENT BUSINESS
S-12
May 1950
1950
1949
Unless other-wise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
January
February
' T220, 000
54, 603
115, 154
213, 825
48, 858
114, 714
March
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Miscellaneous employment data:
Federal and State highways, total§
number .
Construction (Federal and State)
do
Maintenance (State) __
do
Federal civilian employees:
United States..
„
thousands-District of Columbia
.--do
Railway employees (class I steam railways) :
Total
thousands
Indexes:
Unadjusted
1935-39=100-Adjusted
_. __
__
do
214, 405
59 507
108, 618
238, 605
80, 881
111, 169
268, 525
106 743
113, 965
295, 071
124 025
120, 469
314,414
137, 965
124,931
327, 536
146 144
128, 631
320,842
143 585
125, 032
310, 606
137, 971
122, 022
278, 309
107, 399
120, 798
240, 059
72, 406
117, 596
1,908
214
1,922
215
1,933
216
1,929
217
1,923
217
1,915
214
1,886
213
1,846
211
1,835
211
1,829
1213
1,801
*213
1,801
i 213
2 1, 940
12214
1 228
1,245
1 267
1,261
1,238
1 231
1 196
1,116
1,141
1, 183
' 1, 180
v 1, 162
v 1,177
117.3
120.3
119.1
121.0
121.2
121.7
120.6
119.0
118.4
116.0
117.8
115.4
114. 2
111 5
106.9
103.4
109.2
108.2
112.7
114.5
' 112.8
' 117.3
p 110. 1
P 112.8
P 112. 5
P 115.3
332.8
319.2
312.8
315.7
312.8
323.0
335.1
320.9
313.9
' 329. 3
' 329. 2
330.1
39.1
39.5
39.6
38.4
39.0
36.7
38.6
39.0
40.3
38.8
39.2
39.7
38.8
38.8
40.3
39.1
39.3
39.7
39.6
39 6
40 3
39.7
39.9
40.3
39.1
39.0
40.2
'39.8
40.1
40.7
39.7
40.0
40.2
39.7
40.1
MO. 4
P39.7
MO. 3
MO. 7
40.3
40.2
39.6
39.9
39.1
39.0
40.5
40.6
38.7
39.3
38.2
38.4
41.1
41.1
38.5
39.6
39.1
38.0
40.7
40.7
39.0
39.4
38.9
37.6
39.4
39.3
38.6
38.7
37.9
36.9
40.7
40.8
40.5
39.6
39.0
37.6
40.7
40 6
41 0
39.6
38 2
37 6
41.7
41.6
41.7
40.4
39.5
37.5
41.0
41.0
41.2
40.0
39.2
36.4
41.3
40.8
'42.2
40.3
39.7
39.4
39.3
38.4
41.2
40.0
'39.7
39.5
MO. 0
39.7
Ml. 6
MO. 3
39.8
'39.7
MO. 1
39.5
39.4
38.7
37.7
36.4
37.6
37 1
34.0
34.4
39.3
39.3
39.3
PAY ROLLS
Manufacturing production-worker pay roll index,
unadjusted (U. S. Dept. of Labor) f— 1939 = 100.-LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :f
All manufacturing industries
__hours-.
Durable-goods industries
__
do
Ordnance and accessories
__do _ _
Lumber and Jwood products (except furniture)
hours..
Sawmills and planing mills
do
Furniture and fixtures
_ __
_ _ do _
Stone, clay, and glass products
do
Glass and glass products
do -_
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
hours
Primary smelting and refining of nonferrous
metals
__ .
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment)- .hours. .
Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
do
Electrical machinery.
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs.- .do. __
Railroad equipment
_
do
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
_
Canning and preserving
Bakery products
Beverages
Tobacco manufactures. _
Textile-mill products. __
Broad- woven fabric mills
Knitting mills
do
do
do
do
do
do
do
do
do
do
do
Apparel and other finished textile products
hours..
Men's and boys' suits and coats- . do
Men's and boys' furnishings and work
clothing
hours
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills __do
Printing, publishing, and allied industries
hours ..
Newspapers _
do
Commercial printing
do_ _.
Chemicals and allied products
_. do
Industrial organic chemicals
do
Drugs and medicines
do
Paints, pigments, and fillers __
do._
Products of petroleum and coal
_ _ do
Petroleum refining
do
Rubber products
_ do
Tires and inner tubes
do__ Leather and leather products
do
Footwear (except rubber)
___do..-
41.0
41.3
40.7
40.5
39.1
39.4
39 6
40.7
39.4
'40.5
'40.2
40.4
39.5
38.7
39.0
39.2
39.3
39.6
40.2
40.1
39.2
40.5
'40.2
MO. 4
37.6
39.9
39.1
38.6
37.7
40.7
38. 9
39.9
39. 7
40.2
36.6
39.1
38.5
38.7
38.6
39.4
38.2
38.6
39.3
39.0
37.1
39.2
38.8
38.2
37.3
40.5
38.1
39.2
39.5
39.0
37.3
39.2
39.0
39.5
39.4
40.5
38.4
39.0
39.2
39.4
37.7
39.0
38.7
39.9
40.3
39.9
38.4
37.7
39.0
39.0
39.5
39.1
39.1
39.7
39.8
40.2
37.3
38.4
39.0
38.9
40 3
39.3
40 0
40 1
40 4
40 6
37.7
38 1
39.5
40 2
41.4
39.2
40.4
39.1
39.0
40.5
36.4
38.5
39.8
40.7
40.0
38.5
40.0
37 3
36.2
41.5
34.8
38.3
40.0
40.9
40.5
39.7
MO. 6
'38. 9
38.2
41.2
'38.4
38.7
r
40.1
r
40.9
'39.7
'39.8
40.5
'40.4
'40.7
40.7
'38.2
38.0
39.7
40.3
39.7
MO. 4
40.5
'39.5
39.3
40.7
37.8
39.3
'39.8
MO. 2
38.6
40.9
40.3
44.4
37.2
41.4
40.8
36.1
37.2
36.8
36.5
37.6
40.6
39.9
44.6
36.5
42.0
40.9
34.7
35.7
35.2
35.1
38.1
41.3
40.7
45.2
37.4
42.1
41.8
35.7
35.4
34.6
35.3
38.5
41. 6
40.4
45.8
38.3
42.2
42.1
38.0
36.3
35.7
36.2
38.7
42.2
41.8
45.7
39.7
42.2
42.7
37.4
36.6
36.3
36.3
38.9
41.7
41 0
45.0
40.8
41.5
41 4
38.7
37.6
37.6
37.0
39.6
41.8
41 6
44 4
40 1
42 l
40 7
38 9
38 6
38 5
37 8
39.6
41.7
41.1
44.2
40.0
41.6
40.5
38.2
39.4
39.6
38.9
39.3
41.6
42 9
43.9
37.1
41.4
40 1
38.0
39.5
39 8
38.4
39.5
'41.4
43 4
' 44.1
36.6
41.3
39 7
38.2
39.8
40.3
37.6
39.3
41.4
42 8
44.8
38.2
41.0
39 8
38.0
39.4
40.0
36.8
36.3
36.7
34.4
34.5
35.5
34.2
35.4
33.3
35.4
33.4
35.7
33.5
36.8
35 4
36.5
34.3
35.7
32.9
'35.9
34.7
36.4
35.4
41.0
41.7
35.2
33.4
40.3
41.2
36.1
35.0
40.4
41.1
35.8
34.6
40. 7
41.1
36.1
33.9
41.1
41.8
36.4
34.2
41.8
42.6
36
35
42
43
9
8
6
0
37.5
34.2
43.1
43.7
36.8
33.6
43 0
43.6
38.6
37.1
39.6
40.9
39.4
40.7
40.5
40.0
40.0
37.0
35.8
37.5
37.2
38.4
37.6
39.3
40.6
38.8
40.1
41.1
40.1
39.8
36.9
35.4
35.8
35.1
38.7
37.8
39.7
40.7
39.2
40.4
40.7
40.7
40.5
37.7
36.3
35.1
34.0
38.7
37.4
40.0
40.8
39.2
40.2
41.2
40.2
39.9
38.2
36.6
36.5
36.0
38.6
37.1
39.8
40.6
39.3
40.0
40.9
40.7
40.4
38.4
36.6
37.0
36.8
38.5
36.8
39.6
40.5
39.2
40.0
41.1
40.3
39.8
38.3
36.0
37.2
36.7
39.1
37 5
39.9
41 4
39 8
40 4
41.5
41 1
40.5
40 3
39.1
36.8
36.0
38.6
37.5
39.5
41.7
39.9
40.6
41.4
41.0
40.3
39.4
37.3
36.5
35.1
38.6
37.2
39.3
41.5
40 0
40 7
41.0
40 0
40.0
38 4
36.9
35.1
33.3
v 39.3
MO. 4
MO. 6
P 40.9
MO. 2
MO.O
P 40.4
'39.3
MO. 7
40.4
43.9
37.8
41.6
40 0
' 36. 3
'39.6
40.1
37.1
"39.1
MO. 7
'36.1
35.6
'36.6
36.9
P36. 2
'36.8
'34.5
'42.9
43.6
'36.3
34.9
42.2
43.0
36.4
35.5
' 42. 5
43.4
M2 4
'39.3
' 38. 1
40.3
41.6
' 40 2
40 6
41.0
39 9
39.7
39 2
' 37. 3
37.1
36.2
38.4
'36 1
40.0
41.3
40 3
' 40 6
40.9
r
40 7
40.8
39 4
38.3
37.7
37.3
'38.0
36.0
39.4
41. 1
40 0
40 8
41.3
r
39 9
39.7
r
39 6
38.4
'38.1
37.8
42 3
23 9
' 24 6
42 3
20 6
24 6
41.7
' 41 1
r
35.2
r
37 4
34.8
38.1
41 6
34.3
37 6
33.6
Nonmanufacturing industries:
Mining:
42.6
42.2
40.6
43.3
39.4
39 5
40 1
Metal
do
35 7
r 42 0
39 6
30.6
34.1
23.4
25.0
35.0
23 4
Anthracite
_
do
22 0
39.2
35 7
31 8
37.4
25.1
37.5
36.4
30.7
Bituminous coal
do
26.1
31.9
' 25 4
27 0
34 1
Crude-petroleum and natural-gas production:
Petroleum and natural- gas production
39.9
40.6
39.6
39.7
40.3
40.1
41.2
hours. 40.4
40.0
40.0
43.3
44.3
42.5
Nonmetallic mining and quarrying.
do ..
43.8
43.4
44.3
42 4
43 2
42 7
44.2
38.5
38.5
37.3
38.6
36.9
Contract construction
do
38.7
36.4
37.7
38.3
37.1
42.2
40.1
41.9
41.7
39.5
Nonbuilding construction
do .
42.4
41.8
39 9
38 3
40 9
37.1
36.4
37.2
37.1
36.1
Building construction
_
___do
37.2
36.1
36.5
36.9
35.8
'2 Revised.
» Preliminary.
* Data include all of Fairfax County, Virginia, and Montgomery and Prince Georges Counties, Maryland.
Data for the United States include 145,055 decennial census enumerators; the number of such employees is not available for the District of Columbia.
§Total includes State engineering, supervisory, and administrative employees not shown separately.
tRevised series. See note marked "f" on p. S-ll.
Ml. 7
MO. 5
P 35 8
P 39.2
^38.3
Ml 1
P 39 8
P 39 2
^37.8
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-13
1950
1949
March
April
May
June
July
August
Septem-
ber
October
Novem-
Decem-
January
44.1
38.5
44.1
42.0
44.4
38.6
44.1
41.6
ber
ber
Febru-
ary
March
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker, etc.f— Continued
Nonmanufacturing industries — Continued
Transportation and public utilities:
Local railways and bus lines
hours
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor
do
Automotive and accessories dealers do
Service:
Hotels year-round
do
Laundries
do
Cleaning and dyeing plants
do
Industrial disputes (strikes and lock-outs) :
Beginning in month:
Work stoppages
_. _ number
Workers involved
thousands
In effect during month:
Work stoppages
_ _
number
Workers involved
thousands
Man-days idle during month
do
Percent of available working time
45.2
38.3
44.7
41.5
45.2
38.2
45.3
41.3
44.9
38.6
45.2
41.3
46.0
38.4
45.0
41.3
45.1
38.5
45.4
41.3
44.7
38.4
45.1
41.4
44.3
38.6
44.5
41.4
44.2
38.7
44.5
41.7
44.1
38.8
43.7
41:5
44.5
38 4
43.7
* 41.8
40.6
40.6
40.7
40.6
40.8
40.7
40.7
40.9
40.6
r
40.9
MO. 6
40.2
36.1
39.7
45.7
36.6
40.0
45.7
36.3
39.7
45.8
36.8
40.4
45.5
37.2
41.1
45.6
37.2
41.1
45.6
36.6
40.2
45.5
36.4
40.3
45.9
36.3
40.1
45.6
r
38.1
40.3
45.8
'36.7
39.9
45.9
36.5
40.0
45.3
44.5
41.5
40.5
44.2
41.8
42.4
44.7
42.4
42.7
44.1
41.6
42.3
44.1
41.5
41.0
44.2
40.8
39.5
44.1
41.2
41.7
44.2
41.1
41.1
44.0
40.9
40.9
' 43.8
41.2
41.0
43.8
41.5
41.4
43.8
40.9
39.9
289
490
360
160
449
231
377
572
343
110
365
134
287
507
256
570
197
57
170
46
225
185
210
75
260
80
436
520
3,460
.5
531
208
1,880
.3
678
309
3,430
.5
632
673
4,470
.6
603
249
2.350
.4
643
232
2,140
.3
536
603
6,270
.9
475
977
17, 500
2.7
388
914
6,270
1.0
323
417
1,350
340
300
2,600
.4
325
515
7, 850
1.3
400
530
3,750
.5
9
U. S. Employment Service placement activities:
Nonagricultural placements
thousands
Unemployment compensation (Soc. Sec. Admin.) :
Initial claims
_
thousands
Continued claims
do__ _
Benefit payments:
Beneficiaries, weekly average
__
do
Amount of payments
thous. of dol
Veterans' unemployment allowances:
Initial claims
thousands
Continued claims
do
Claims filed during last week of month do
Amount of payments
thous. of dol
327
363
403
400
369
452
466
416
350
312
305
1, 458
8,754
1,800
7,886
1,662
8,366
1,522
8,778
1,383
7,467
1,252
8,353
1,013
7,084
1,363
8,363
1,545
7,584
1,630
8,259
1,725
'9,000
1,786
152, 204
1,598
136, 558
1,718
146, 712
1,809
154, 695
1,717
148,767
1,952
170, 629
1,744
154, 079
1,528
135, 707
1,698
152, 170
1,889
170, 580
376
3,130
678
60, 766
299
2,608
592
50, 423
331
2,358
539
44, 618
446
2,486
586
45, 797
279
2,569
582
48, 939
52
936
113
24 135
31
385
83
8,775
31
265
62
5,467
29
268
60
5,291
29
280
61
5,474
29
289
66
5,753
23
258
63
5,069
Labor turn-over in manufacturing establishments:
Accession rate. _ .monthly rate per 100 employees. _
Separation rate, total
thousands
Discharges
_ _ _ _ _ _ do__ _
Lay-offs.
do
Quits . _
_
do
Military and miscellaneous
_
do__
3.0
4.8
.3
2.8
1.6
.1
2.9
4.8
.2
2 8
1.7
.1
3.5
5.2
.2
3.3
1.6
.1
4.4
4.3
.2
2.5
l.fi
.1
3.5
3.8
.2
2.1
1.4
.1
4.4
40
.3
1.8
1.8
.1
4.1
4 2
.2
1.8
2.1
.1
3.7
4.1
.2
2.3
1.5
.1
3.3
4 0
.2
2 5
1.2
.1
3.2
32
.2
19
1.0
1
3. 6
3.1
.2
1.7
1.1
.1
3.2
3.0
.2
1.7
1.0
.1
54.74
57.83
57.90
53.80
57 21
54.13
54.08
57 21
59.32
54.51
57.82
58.72
54.63
57.31
59.64
54 70
57 89
58.44
55 72
58 69
59.76
55.26
58 17
59.97
54.43
56 82
57.82
T
50 21
50.85
48.87
54.18
56.97
61.70
51 52
52 29
47.60
53.37
55.39
60 83
52 94
53 76
47.59
53 90
56.81
60 08
52 91
53.56
48.36
53.58
55.98
59.82
50.75
51.25
47.86
52.94
55.22
58.63
52 87
53 53
49 69
54 17
56.08
59 45
52 83
53 35
50.72
54 73
55.89
60 42
54 17
54 54
51.42
55 51
57.04
58 35
52 48
52 89
50 72
55 28
57.19
57 48
52 66
52 31
52 50
55 65
58.16
r 62 92
64.90
64.69
63 24
62.21
59.88
61 33
62 07
55 90
56 48
64 65
61.09
61.95
61.05
60.71
59.00
58.39
59.24
59.87
58.43
' 59. 60
' 62. 12
57.35
56.19
56.67
57.39
57.61
58.13
59.25
58.51
56.88
r 59. 66
' 59. 82
r
55.57
60.85
56.50
63.19
62.96
63.41
62.98
64.76
55.18
50.17
53.99
59.55
55 59
63.58
64.77
60.99
62.50
62.42
54.51
48.95
54.61
59 70
55 99
63.03
63.22
62.98
61.61
63 39
54.83
48.83
54.72
59.94
56 16
65. 49
66.94
62.94
62.82
62.71
54.61
49.72
54.85
59.71
56.00
66. 27
68.67
62.08
61.94
60.32
54. 37
48.75
57 63
59 86
56 73
65 90
67.78
62 07
60.05
62 05
54. 25
48 51
59 56
60 44
57 88
67 13
69 33
63 58
61.00
61 84
55. 26
50 57
55 58
60 21
57 97
64 75
65.87
63 67
59.11
62 49
56. 08
51 44
59 32
59 21
57 36
61 92
61.03
66 69
56 97
63 16
56. 52
51 70
r 60 39
r 59 31
r 61 30
r 61 57
59 55
T 62 74
r 58 52
51.07
52.80
55.25
53.77
42.89
50.34
62.75
36.21
44.19
43. 28
41.39
49.67
52.33
54.98
54.10
43.07
51.07
62.29
35.15
42.20
41.08
39.87
50 41
53.44
56.17
54.47
43.65
51 61
64 54
36.27
41 91
40.52
40.07
50 97
53. 62
55.87
55.23
42.63
52 29
65 59
38.57
42 98
42.09
40.73
51 55
54.69
58.02
55.71
43.59
52 62
68 79
38 19
43 26
42.87
40.44
51 31
53 00
56 87
54 72
44 27
51 83
66 24
38 58
44 37
44 41
41.11
52 59
53 63
57 78
55 28
44 79
52 88
64 92
38 39
45 82
45' 74
42.22
52 47
53 83
56 51
54 76
45 92
52 29
64 40
37 86
47 04
47 52
43.68
52 07
54 16
60 23
53 95
41 29
52 12
63 60
38 46
47 20
47 76
43.28
289
368
1, 240
' 8, 068
1,294
8,261
' 2, 078 ' 2, 027
186, 383
167, 212
2,096
187, 137
20
275
58
5,713
»3. 7
"30
p 2
"15
»1 2
p 1
WAGES
Average weekly earnings (U. S. Department of
Labor) :f
All manufacturing industries
dollars
Durable-goods industries
do
Ordnance and accessories
_
do
Lumber and wood products (except furniture)
dollars
Sawmills and planing mills
do
Furniture and fixtures. _ _
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
_
do
Blast furnaces, steel works, and rolling
mills
dollars
Primary smelting and refining of nonferrous
metals
dollars..
Fabricated metal prod, (except ordnance, machinery, transportation equipment) . dollars _ _
Heating apparatus (except electrical) and
plumbers' supplies. _
dollars
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
do
Automobiles.
do
Aircraft and parts __ __
do _.
Ship and boat building and repairs do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
_ do
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving
__
Bakery products
Beverages..
___
Tobacco manufactures
Textile-mill products
Broad-woven fabric mills
Knitting mills
' Revised.
v Preliminary.
do
__do._
do
do
do
do._
do
do
do
-do
do
fRevised series. See note marked "f" on p. S-ll.
56 04
r 59 19
60 85
r
T 58 63
r 65 31
65 44
66 41
62 86
63 39
' 56. 84
r 52 23
r
52
r 54
60
r 54
43
r 52
r
r
69
57
98
29
26
16
r 63 12
r 38 76
47 64
48 40
r 42'. 34
' 56. 29
59 40
60.70
' 56. 37
P 56 57
'r 59 47 P 59 97
p 61 33
60. 88
48 18
47 65
51. 21
55 56
'r 59. 15
63 79
r 50 88
51 25
r
52 08
T 55 gg
59.02
r
63 60
r
r
r
r
65 79
T 58 52
r 67 99
r
69 88
65 28
r
62. 04
61 48
56.49
51 66
r 52 78
r 54 gg
r 60 18
r 55 g2
45 19
52 15
r 63 68
39 92
r 47 46
48 20
' 41. 69
P 51 69
v 52 38
•P 56 38
T> 63 00
64 81
59.93
59. 87
P 59. 79
r 66 16
P 63 38
p 59 22
P 67 58
67 05
65 65
61 61
64 45
* 56. 63
T 51 58
v 57. 28
v 51 95
r 53 06
T 54 17
56 28
54 gg
45 13
53 o0
64 60
r 38 55
r 47 80
48 12
43. 18
P 52 90
P 54 50
•p 38 27
•p 47 o 5
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
July
August
September
October
November
December
January ^
March
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average weekly earnings t— Continued
All manufacturing industries— Continued
Nondurable-goods industries — Continued
Apparel and other finished textile products
dollars, .
Men's and boys' suits and coats _ do_ .
Men's and boys' furnishings and work
clothing. __
dollars
Women's outerwear
do
Paper and allied products _
do
Pulp, paper, and paperboard mills. ___do
Printing, publishing, and allied industries
dollars. .
Newspapers
do
Commercial printing
do___
Chemicals and allied products
do
Industrial organic chemicals __ _ do
Drugs and medicines
do
Paints, pigments, and
fillers
do
Products of petroleum and coal
do
Petroleum refining. _
do
Eubber products
do
Tires and inner tubes
do
Leather and leather products
do __
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
... do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars _ _
Nonmetalic mining and quarrying. . do
Contract construction
do
Nonbuilding construction...
do
Building construction _
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
_
do
Gas and electric utilities
do.
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
.do
Food and liquor . _
do
Automotive and accessories dealers _do-._
Finance:
Banks and trust companies
do
Service:
Hotels, year-round
do
Laundries...
do
Cleaning and dyeing plants
do
Average hourly earnings (U. S. Department of
Labor) :f
All manufacturing industries
dollars. _
Durable-goods industries
do
Ordnance and accessories
. _.
do
Lumber and wood products (except furniture) . _. .
. __ __ dollars
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars. .
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment). dollars.. _
Heating apparatus (except electrical) and
plumbers' supplies
_ dollars
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
_ do
Ship and boat building and repairs, __do
Railroad equipment
_.
_
do
Instruments and related products
do
Miscellaneous mfg. industries
_ do
Nondurable-goods industries
Food and kindred products
Meat products
._ __
Dairy products
Canning and preserving
Bakery products ...
Beverages
*
Tobacco manufactures
Textile-mill products
Broad-woven fabric mills
Knitting mills
r
Revised.
* Preliminary.
43. 41
50.13
39.53
46. 30
39.94
46.00
40.11
43.86
41.03
44.93
41.95
44.96
44.01
47.90
42.63
46.20
40.38
44.48
Ml. 82
' 46. 64
r
r
33.82
51.68
54.45
58.17
32.49
45.42
53. 48
57.35
33.36
45.61
53. 73
57.58
32.76
46.33
54.54
57.95
33.03
48.51
55.57
59.65
32.80
50.40
56.26
60.32
33.87
53. 13
57.64
61. 06
34.35
49.49
58.36
62.10
33. 82
45.80
58.31
62.09
' 33. 82
' 49. 13
' 58. 09
62.09
'r 33. 72
50. 74
57.52
r
61. 58
69.56
76.72
69.26
57. 51
59.69
56. 37
58.81
70.92
74.00
55. 43
61.50
42. 56
40.96
69.39
78. 43
68.42
57.45
59.17
55. 78
59.92
71.26
73. 95
55. 50
60.92
40.74
38. 68
70.40
80.02
69.51
58.20
60.09
56. 68
59.22
72.12
75. 21
57. 08
63. 20
40.05
37.37
70.47
78.73
70.80
59.08
60.56
56.28
59.90
71.84
74. 73
58.29
64.09
41.46
39.24
70.45
78.02
70.05
59.44
61.50
56.40
59. 31
73. 59
76. 60
58.37
64.45
41.74
39.93
70.69
77.80
69.66
58.77
60.68
56.32
59.51
72.38
75. 10
57.72
62.32
42.00
40.04
72.02
80.14
70.22
59. 66
62.33
56. 96
60.88
74.47
77. 11
61.01
69.95
41.99
39.74
71.22
80.06
69.84
59.51
62. 20
57.16
60.90
74.09
76. 13
59. 57
64.83
41.72
38.61
70.91
79.05
69. 36
59.43
62.44
57.51
60.43
72.12
75.44
57.91
63.91
40.08
36.40
' 72. 27
' 81. 50
'71.17
59.78
' 62. 75
57.21
60.80
' 71. 74
' 74. 83
' 59. 04
' 64. 79
'42.03
39.20
' 70. 39
* 75. 67
'r 70. 96
60. 01
' 63. 55
r
57. 33
61.02
'r 73. 87
77. 68
' 60. 40
67.60
42.86
40.69
' 70. 41
75.85
70.80
r 59. 88
62.56
58.18
61.87
P 71. 39
r 71. 90
v 72. 00
66.16
46. 15
70.54
64.71
56.82
72.33
63.72
63. 63
72.98
60.53
45. 28
59.90
58.75
66.08
47.94
58.18
42.80
49.51
58.96
59.24
52.46
59.63
75.81
63.10
52.73
67.94
68.17
' 62. 96
42.22
' 48. 74
' 64. 21
44.60
' 47. 40
63.45
40.23
48.02
69. 54
54. 40
69.22
67.25
69. 83
70. 30
56. 38
69.86
68.47
70.33
71.78
58.17
71.70
71.42
71.81
70.59
57.82
71.41
71.34
71.44
72.54
56. 77
71.55
72.20
71.28
70.74
57.86
72.13
72.56
71.95
72.40
56. 68
70.73
70.82
70.69
73.87
57.77
72.06
72.71
71.80
71.20
55.77
70.12
69.90
70.21
'71.52
• r 55. 08
69.75
68.15
70.26
' 76. 06
'r 53. 39
68. 01
' 65. 56
T 68. 76
68.20
54.25
67.26
66.63
67.23
64.18
50. 82
62.31
62. 54
64.64
50. 58
63 37
62.82
64. 48
51.84
63. 69
63. 40
66.01
51.46
62.96
63. 64
65. 21
51.90
63.97
64.02
64.46
51.57
63. 64
63.92
64. 55
52.61
62.83
64.75
64.31
53.29
62.97
65.72
64.17
54.40
62.05
65.03
' 65. 10
52.57
62.23
' 66. 04
r
65. 05
' 53. 13
62.84
' 66. 74
65. 53
53. 73
62.97
65.60
56. 88
57. 12
57. 83
57.49
58.18
57.10
57.35
58.36
57.86
' 58. 20
T
33. 68
48.87
58.18
34.26
49.08
59.50
34. 85
48.99
60.00
35. 62
50.26
59.70
35.86
51.13
59.83
35.75
51.00
59. 55
35.17
50. 57
59.51
34.64
50.25
59.39
34.30
50.37
58.78
' 36. 12
50.54
' 58. 26
r
43.24
43. 49
44.05
43.10
43. 80
43. 10
43.62
43.94
43.96
' 43. 95
32. 53
35. 07
39. 93
32. 35
35. 24
42.15
32.99
36. 04
43.17
32. 85
35.32
42.17
32. 90
35. 03
40.43
32.93
34.27
38.63
32.90
34.69
41.28
32.84
34.57
40.15
33.13
34.23
39.96
' 33. 24
r
34. 77
' 40. 47
1.400
1.464
1.462
1.401
1.467
1.475
1.401
1.467
1.472
1.405
1 . 475
1.479
1.408
1.477
1.480
1. 399
1.473
1.472
1.407
1.482
1.483
1.392
1. 458
1.488
1.392
1. 457
1.488
1.246
1.265
1 . 234
1.358
1.457
1. 582
1.272
1.288
1.230
1.358
1.450
1.584
1.288
1.308
1. 236
1.361
1.453
1.581
1.300
1.316
1.240
1.360
1. 439
1.591
1.288
1.304
1.240
1.368
1. 457
1.589
1.299
1.312
1.230
1.368
1. 438
1.581
1. 298
1.314
1 . 237
1.382
1.463
1. 607
1.299
1.311
1. 233
1.374
1.444
1.556
1.280
1.290
1.231
1.382
1.459
1.579
1.643
1.642
1.634
1.650
1.645
1.631
1.673
1.644
1.642
1.645
1.490
1.500
1.500
1.499
1.489
1.482
1.496
1.471
1.483
' 1. 479
r
1. 504
1.487
1.452
1.452
1.453
1.464
1.466
1.468
1.474
1.459
1.451
«• 1. 473
' 1. 488
1.482
1.478
1.525
1. 445
1.637
1. 670
1.558
1.619
1.623
1.390
1.248
1.475
1. 523
1.444
1 . 643
1.678
1. 548
1.636
1.617
1.387
1.255
1.472
1. 523
1.443
1.650
1.695
1.555
1.617
1.617
1.388
1.252
1.467
1.529
1.440
1.658
1.699
1.554
1.636
1.608
.393
.262
1. 455
1.530
1.447
1.661
1.704
1.607
1.013
1.600
1.394
1.250
1.459
1.531
1.451
1. 660
1.703
1.544
1.610
1. 616
1.391
1.247
1.478
1. 538
1. 447
1. 674
1.716
1. 566
1.618
1.623
1. 399
1.258
1.479
1.536
1.435
1.656
1.689
1.572
1.624
1.623
1.409
1.264
.483
.538
.434
.660
.686
1.607
1.637
1.649
1.413
1.264
' 1. 491
' 1. 544
* 1. 444
1. 679
1.713
1.612
r 1. 637
1.638
' 1. 421
' 1. 277
' 1. 494
' 1.547
' I. 445
' 1. 683
r
1.717
1. 604
r
1. 624
1.618
1.423
1.282
.500
.324
.289
.383
.206
1.113
1.239
1. 558
1.015
1.184
1.179
1.125
1.332
1.296
1. 388
1.219
1.098
1.247
1.611
1.021
1.182
1.181
1.114
1. 319
1 271
1.387
1.216
1.085
1.249
1.600
.997
1.180
1.181
1.111
1.328
1. 283
1.389
1.245
1.117
1. 256
1.595
.987
1.187
1.188
1.117
1.325
1.291
1.375
1.239
1.148
1. 257
1.590
.991
1.194
1.200
1.123
1.325
1.302
1.407
1.229
1.113
1.259
1.586
1.012
1.195
1.200
1.127
' 1. 334
1. 318
1.406
r .231
.182
r
.263
r
.590
.019
.197
1.201
' 1. 126
r
1. 323
do _.
1.323
1.321
1.289
1.291
do
1.294
do
1.378
1.380
1.371
1.213
1.205
1.211
do
1. 153
1.180
do
1. 167
__do .
1.216
1.216
1.226
1.523
1.538
do
1. 544
1.003
1.013
do_
1.016
1.182
do
1.188
1.184
1.176
.
do
1.171
1.167
1.134
1.135
1.136
do
fRevised series. See note marked "• " on p. S- LI.
r
T
r
1.408
1.476
1.495
1.275
1.282
1. 244
1.381
1. 465
1. 597
42. 81
48. 27
r
r
44. 43
49.82
35.71
52.36
57. 72
61.63
75. 15
' 60. 67
67.62
r 43. 93
42.15
58. 34
58.33
35. 97
* 50. 59
r
59. 21
35.48
50. 96
58.21
45.17
45.57
33. 03
35.07
' 40. 86
33. 38
34.44
38.98
r
' 1.418
' 1. 485
1.510
1.226
1.241
1. 243
1. 389
* 1. 490
r
1. 615
r
r
r
r
r I
r 1. 246
1.183
1. 272
r 1. 600
1.032
' 1. 202
1.205
' 1. 133
272
L291
r 1.252
' 1. 389
1. 483
r 1. 602
P 57. 58
v 60. 05
*> 59. 58
P 44. 04
P 1. 425
P 1. 488
P 1. 507
T 1. 289
P L256~
P 1. 392
P 1. 603
1. 649
' 1. 674
1. 343
' 1. 328
r
1. 406
1.420
1. 483
1. 507
P 43. 40
'
.553
. 445
. 675
. 706
. 013
. 630
. 040
'1.424
'1.283
T
r
1.350
'1.331
1.393
1 250
1. 194
1.274
1. 615
1. 006
1.207
1.200
1.164
P 1. 480
P 1. 561
P 1. 448
P 1. 681
P 1.432
P 1. 286
p 1. 353
p 1. 339
P 1.069
P 1. 208
SUKVEY OF CURKENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-15
1950
1949
March
April
May
June
July
August
Septem-
ber
October
Novem-
Decem-
ber
ber
January
Febru-
ary
March
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly earnings, etc.f — Continued
All manufacturing industries— Continued
Nondurable-goods industries— Continued
Apparel and other finished textile products
dollars..
Mien's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
do
Pulp paper and paperboard mills do
Printing, publishing, and allied industries
dollars..
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Drugs and medicines
do
Paints pigments, and
fillers
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products _._
do
Tires and inner tubes
do
Leather and leather products
do_ __
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
-~ -do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor
-do
Automotive and accessories dealers do
Service:
Hotels year-round
do
Laundries
_
_
do
Cleaning and dyeing plants ._
do. ._
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
_.
.
dol. per hr
Skilled labor
do
Farm wage rates, without board or room (quarterly)*
dol per hr
Railway wages (average, class I)
do
Road-building wages common labor
do
1.196
1 366
1.149
1 342
1.125
1 345
1.133
1 317
1.159
1 306
1. 175
1 342
1.196
1 353
1.168
1.347
1.131
1 352
.929
1.460
1.328
1 395
.923
1. 3PO
1.327
1 392
.924
1.303
1.330
1.401
.915
1.339
1.340
1.410
.915
1.431
1.352
1.427
.901
1.465
1.346
1.416
.918
1 484
1.353
1 420
.916
1.447
1.354
1.421
.919
1.363
1.356
1 424
1.802
2 068
1.749
1. 406
1.515
1 385
1.452
1.773
1.850
1.498
1.718
1.135
1.101
1.807
2.086
1.741
1.415
1.525
1.391
1.458
1.777
1.858
1. 504
1.721
1.138
1.102
1.819
2.117
1.751
1. 430
1.533
1.403
1.455
1.772
1.857
1.514
1. 741
1.141
1.099
1.821
2.105
1.770
1.448
1.545
1.400
1.454
1.787
1.873
1.526
1.751
1.136
1.090
1.825
2.103
1.760
1.464
1.565
1.410
1.450
1.808
1.896
1.520
1.761
1.128
1.085
1.836
2.114
1.759
1.451
1. 548
1.408
1.448
1.796
1.887
1.507
1.731
1.129
1.091
1.842
2.137
1.760
1.441
1.566
1.410
1.467
1.812
1.904
1.514
1.789
1.141
1 104
1.845
2.135
1.768
1.427
1.559
1.408
1.471
1.807
1.889
1.512
1.738
1.143
1.100
1.837
2.125
1.765
1.432
1.561
1.413
1.474
1.803
1.886
1.508
1.732
1.142
1.093
1.528
1.846
1.938
1.519
1.857
1.934
1.510
1.866
1.946
1.491
1.935
1.951
1.491
1.888
1.910
1.473
1.829
1.897
1.489
1.863
1.943
1.487
1.934
1.978
1.477
1.903
1.999
1.756
1.280
1.875
1 703
1 933
1.762
1.302
1.872
1.709
1 934
1.768
1.313
1.864
1.712
1 930
1.778
1.320
1.856
1.704
1.924
1.800
1.308
1.856
1.712
1.922
1.764
1.306
1.862
1.712
1.932
1.792
1.312
1.874
1.730
1 938
1.793
1.307
1.881
1.741
1.944
1.780
1.306
1.891
1.754
1 947
1.420
1.327
1.394
1.507
1.430
1.324
1.399
1.521
1.436
1.343
1.409
1.535
1. 435
1.340
1.399
1.541
1.446
1.348
1.409
1.550
1.442
1.343
1.411
1.544
1.457
1.363
1.412
1.564
1.455
1.377
1.415
1.576
1.455
1.402
1.420
1.567
r
1.401
1.407
1.421
1.416
1.426
1.403
1.409
1.427
1.425
r
.933
1.231
1.273
.936
1.227
1.302
.960
1.234
1.310
.968
1.244
1.312
.964
1.244
1.312
.961
1.244
1.306
.961
1.258
1.308
.952
1.247
1.294
.945
1.256
1.289
.731
.845
.986
.732
.843
.994
.738
.850
1.011
.745
.849
.997
.746
.844
.986
.745
.840
.978
.746
.842
.990
.743
.841
.977
.753
.837
.977
1.424
2.377
1.428
2.378
1.431
2.384
1.441
2.394
1.465
2.412
1.470
2.434
1.478
2.453
1.478
2.458
1.337
.71
1.380
1.06
1.389
1.375
.74
1.392
1.16
1.373
1.565
189
230
' 1. 165
1 344
r
.919
1. 424
'1.354
1.424
r
r
1. 839
' 2.139
1. 766
1.437
' 1. 561
1.409
1.483
r
I. 798
' 1. 885
r 1. 186
r
1. 214
1. 350
1.356
r
.929
1.454
1. 363
.981
1.475
' 1.358
1.420
r 1. 432
r
1. 737
' 1. 133
1.083
1. 833
2.096
1.774
1. 453
1.577
1.412
1.492
1.815
1.904
1.533
1.765
1.137
1 091
1.499
1.919
1.919
' 1. 518 •
1. 866
' 1. 927
1.500
1.953
1.952
1.790
1.304
1.961
1.772
2. 001
r
r 1. 506
«• 1. 788
«• 1. 824
r 1.299
r 1.917
r 1. 299
r 1.932
1.777
1 964
r 1 976
1. 463
' 1.367
1.424
r
1. 580
1. 423
r
. 948
'1.254
'1.272
' 1. 753
r 1. 853
2.107
1.797
' 1. 457
1.564
1.426
1.498
r
1. 802
1.893
v 1. 461
v 1. 809
* 1. 520
v 1. 165
r
' 1. 437
1.451
r .980
r 1.268
r 1.290
.972
1.274
1.285
1. 425
v 1. 864
1.761
1.153
1. 115
r 1. 589
r 1.380
v 1. 358
r 1. 532
1.476
1. 392
1.428
1.577
' 1. 475
p 1. 199
r
r
759
.844
'.987
r
.754
.845
.987
.762
.842
.977
1.478
2.462
1.478
2.462
1.485
2.462
1.485
2.466
.64
1.562
1.17
1. 569
1.572
75
1.574
1 17
207
265
215
278
251
278
272
257
280
258
256
257
245
258
261
590
1,791
951
890
62
281
2
559
(i)
0)
(i)
(i)
306
2
506
• (1)
313
2
471
1 712
956
899
57
306
2 450
294
453
(i)
0)
(i)
(i)
279
2
476
1 744
969
916
53
265
2 510
1.486
2.469
a 70
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances _ _
. mil. o f d o L _
Commercial paper
__ _
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
TotaL.
mil. of dol-_
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
do __
Short-term credit _. _ _
do _
Bank debits, total (141 centers)
_ _ _ do
New York City
_.
_
do
Outside New York City
do
Federal Reserve banks, condition, end of month:
Assets, total
mil. of doLReserve bank credit outstanding, totaL-.do
Discounts and advances
do
United States Government securities-. _do
Gold certificate reserves
do
Liabilities, total
do
Deposits, total
do
Member-bank reserve balances
do
Excess reserves (estimated)
_ _ _ do ._
Federal Reserve notes in circulation
do
Reserve ratio
percent.-
215
257
204
249
195
219
198
199
262
537
0)
0)
0)
(i)
252
2
565
1, 786
946
880
65
250
2
591
98, 335
39, 698
58, 637
89, 206
35, 832
53, 374
88, 969
36, 974
51, 995
98, 276
42, 890
55, 386
88, 353
36, 467
51,886
88, 536
36, 070
52, 466
90, 257
37 191
53, 066
90, 747
36 334
54, 413
88 588
35 249
53, 339
106 274
45 781
60, 493
95 336
38 962
56, 374
86 273
35 727
50, 546
104 027
43 112
60, 915
48, 051
22, 267
246
21, 688
23. 077
48, 051
21 754
19, 118
686
23, 383
51.1
47, 396
21, 737
303
21, 094
23, 099
47, 396
21,304
19, 076
638
23, 327
51.8
45, 483
20, 092
247
19, 704
23, 116
45, 483
19 582
18, 024
794
23, 346
53.8
45, 502
19, 696
103
19, 343
23, 245
45, 502
19 246
17, 867
948
23, 373
54.5
44, 937
19,239
317
18,529
23, 285
44, 937
18,968
17, 437
752
23, 305
55.1
44, 192
18, 225
531
17, 524
23, 362
44, 192
18,036
16,512
1,175
23, 273
56.6
44, 323
18,415
109
18,010
23, 350
44, 323
18 173
15 947
771
23, 278
56.3
43, 513
17, 860
283
17,316
23, 320
43, 513
17 632
15 850
589
23, 247
57.0
44, 272
18, 267
322
17, 682
23, 232
44, 272
17 793
16 038
671
23,373
56.4
45, 643
19, 499
78
18, 885
23, 176
45, 643
18 906
16 568
1,018
23, 483
54.7
44, 194
18, 326
145
17, 827
23, 168
44, 194
18 348
16 211
698
22, 926
§6.1
44, 097
18, 226
130
17, 746
23, 120
44, 097
18 064
15 973
r
583
22, 974
56.3
43, 568
18, 070
225
17, 592
23. 020
43, 568
17 796
15 657
P 474
22,911
56.6
1,710
936
866
70
270
504
0)
0)
(i)
0)
2
194
211
0)
(0
(1)
(0
258
2600
0)
0)
(1)
(1)
2
(i)
0)
(1)
w(i)0)
m
2
r Revised.
v Preliminary.
« Rate as of April 1, 1950.
1
Beginning July 1, 1948, farm mortgage loan data are reported quarterly.
2
In accordance with Public Law 38,81st Congress, the Regional Agricultural Credit Corporation of Washington, D. C., was dissolved and as of April 16,1949, its assets were transferred to the
Farmers Home Administration.
fRevised series. See note marked "f" on P- S-ll.
§Rate as of May 1,1950: Common labor, $1.511; skilled labor, $2.485.
*New series. Comparable data prior to January 1948 are not available.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
Mav 195C
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
FINANCE—Continued
BANKING— Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits.
Demand, adjusted
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of doL.
States and political subdivisions
do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations
mil. of dol__
States and political subdivisions.
do
Interbank (demand and time)
do. ._
Investments, total
do
U. S. Government obligations, direct and
guaranteed, total
mil. of dol
Bills
._
. do
Certificates
do
Bonds and guaranteed obligations
do
Notes _ .
do
Other securities
do
Loans, total
_
_
.do. ..
Commercial, industrial, and agricultural. do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of doL.
Real-estate loans
do
Loans of banks
do
Other loans
do
Money and interest ratesrcf
Bank rates to customers :f
In New York City
percent
In 7 other northern and eastern c'ties
do
44,909
46, 175
46, 364
46,093
46, 282
46, 737
46, 457
46, 848
47, 648
48, 253
47, 767
46, 926
46, 162
44, 341
3, 588
2,095
15, 151
45, 737
3,548
1, 188
15, 226
46, 128
3, 683
790
15, 283
45, 805
3,361
1,356
15, 375
45, 685
3,432
1,591
15, 282
46, 416
3,367
2,196
15, 270
46, 465
3, 165
2, 636
15, 255
46, 867
3,299
2,335
15, 228
48, 037
3, 255
2,117
15, 162
48, 857
3,296
1,955
15, 288
47, 600
3,456
2,322
15, 333
47, 193
3,454
2, 302
15, 377
45, 848
3, 431
2, 691
15, 397
14, 458
602
9,364
36, 137
14, 485
648
9,203
36, 945
14, 513
667
9,703
38, 525
14, 596
664
9,526
38, 699
14, 520
641
10, 032
40, 637
14, 502
647
10, 095
42, 288
14, 501
632
10, 065
42, 064
14, 500
605
10, 687
42, 341
14, 431
608
10, 305
42, 226
14, 537
621
10, 729
42, 527
14, 578
627
10, 394
42, 780
14, 647
609
10, 415
42, 090
14, 660
617
9,994
41, 677
31, 750
1.063
4,624
25, 136
32, 951
1,827
4,712
25, 458
34, 035
2, 105
5,225
25, 734
34, 149
1,793
5,274
26, 132
4,387
25, 034
14, 904
1,548
4,354
24, 010
14, 162
1,328
4,490
23, 811
13, 476
1,678
4. 550
23, 883
13,181
1,955
35, 773
2,603
5,716
26, 394
1, 060
4,864
23, 159
12, 826
1,520
37, 307
3,260
6,392
26, 536
1,119
4,981
23, 491
12,965
1,609
37, 004
2,608
7,181
26, 091
1,124
5,060
23, 998
13. 384
1,668
37, 388
2,618
7,273
26, 347
1,150
4,953
24, 325
13, 694
1,618
37, 248
2,345
7,257
26. 470
1,176
4,978
24, 613
13, 775
1, 623
37, 469
2,544
6, 856
24, 637
3, 432
5,058
24, 894
13, 904
1,608
37, 595
2,762
6,152
24, 796
3,885
5,185
r 24, 486
13, 918
1,364
36, 774
2,212
* 5, 071
24, 862
«• 4, 629
5,316
24, 741
13, 834
1,529
36, 118
1,768
4,638
24, 016
5,696
5,559
24, 886
13, 790
1,670
638
4,083
617
4,078
628
4,092
657
4,118
663
4,143
665
4,185
638
4,207
597
4,246
626
4,299
599
4,342
573
4,396
570
4,413
588
4,465
3,851
3,863
3,904
3,981
4,049
4,102
4,178
4,266
4,393
4,445
4,455
4,470
4, 540
1.50
4.08
2.04
1.50
4.08
2.04
2 32
2.64
3 07
1.50
4.08
2.04
1.50
4.08
2.04
1.50
4.08
2.04
2 38
2.67
3 03
1.50
4.08
2.04
1.50
4.08
2.00
2.29
2.55
3 12
1.50
4.08
2.00
1.50
4.08
2.00
1.06
1.38
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1. 130
1.44
1.140
i 1. 45
11,237
3, 177
11, 325
p 3, 166
927
308
954
263
971
333
950
292
264
273
233
207
214
319
154
302
212
2 42
2.68
3 12
1.50
4.08
2.02
1.50
4.08
2.04
1.50
4.08
2.04
2 35
2.86
3 17
1.50
4.08
2.04
1.19
1.56
1.63
1.63
1.19
1.56
1.63
1.63
1.19
1.56
1.63
1.63
1.19
1.56
1.63
1.63
1.06
1.56
1.63
1.63
1.06
1.44
1.63
1.63
1.06
1.38
1.63
1.63
1.06
1.38
1.63
1.63
1.162
1.54
1. 155
1.53
1.156
1.49
1.158
1.42
.990
1.26
1.027
1.26
1.062
* 1. 34
1.044
i 1.38
1.073
' 1 37
1.097
i 1.37
1.100
11.39
10, 518
3,327
10, 550
3,314
10, 600
3,294
10, 718
3,277
10, 753
3,266
10, 786
3,248
10, 830
3,230
10, 860
3,215
10, 296
3,199
11, 087
3,182
11, 179
3,183
Total consumer credit, end of month_._mil. of dol._
Instalment credit, total
do
Sale credit, total
-do. _
Automobile dealers
do
Department stores and mail-order houses
mil. of doL .
Furniture stores
._.
..do
Household -appliance stores
do
Jewelry stores _
do
All other retail stores
do
15, 335
8,429
4, 364
2,105
15, 595
8,630
4,517
2,241
15,843
8,888
4,718
2,386
16, 124
9,128
4,870
2,499
16, 198
9,335
5,010
2,610
16, 453
9, 622
5,223
2,761
16, 803
9,899
5,438
2,876
17, 223
10, 166
5,661
2,986
17,815
10, 441
5.880
3, 085
18, 779
10, 890
6,240
3,144
r 18,344
r 10, 836
6,174
3,179
p 18, 139
v 10, 896
^6,212
p 3, 256
p 18, 328
p 11, 103
p 6. 341
p 3, 367
756
675
760
683
855
822
405
121
378
435
121
404
454
123
421
975
902
382
124
373
906
858
1,010
935
367
123
367
417
121
388
818
784
351
123
359
766
730
781
755
348
124
356
?957
P891
^492
p 616
*958
P899
P500
Cash loans total
do
Commercial banks
do
Credit unions
__
_
do
Industrial banks
do
Industrial-loan com pan ies
do
Insured repair and modernization loans
mil. of doL Small-loan companies
do_ _
Miscellaneous lenders
do
4, 065
1,720
4,113
1,749
4,170
1,788
4,253
1,836
4,325
1,866
4,399
1,897
4,461
1,922
4,505
1,936
p 4, 684
p 1,973
^408
p 254
p 174
p 4, 762
P 2, 024
P421
P258
'802
931
P805
^928
P142
P804
P936
^143
3,506
3,002
p 3, 233
p 3, 001
p 1,009
p 3, 209
p 3, 003
p 1, 013
269
59
37
27
131
^266
p 61
p 333
Discount rate (N. Y. F. R. Bank)
. do
Federal land bank loans
do
Federal intermediate credit bank loans _ _ d o
Open market rates, New York City:
Acceptances, prime, bankers', 90 days _ _ d o
Commercial paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)
do
Call loans renewal (N. Y S E)
do
Yield on U. S. Govt. securities:
3-month bills
do
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol_.
U. S. postal savings
_
_ do
1
r
CONSUMER CREDIT
Charge accounts
Single-payment loans
Service credit
_
._ do
do
do
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
_
mil. ofdol..
Credit unions
do
Industrial banks
do
Industrial-loan companies _ _
do - _ _
Small-loan companies
do
315
203
323
207
771
704
333
213
774
718
346
219
357
225
369
230
379
235
385
239
161
163
165
167
169
171
172
172
729
807
727
815
722
818
726
827
732
843
747
851
763
855
780
858
3, 121
2,816
3. 232
2,764
3,274
2,752
3,123
2,768
3,064
2,799
3,123
2,808
3,197
2,866
969
3,235
2,739
969
973
994
287
58
36
30
142
278
58
33
29
146
303
68
38
28
140
282
59
35
28
155
294
66
37
29
143
278
65
34
27
128
272
59
34
26
134
130
131
131
981
288
60
35
28
135
132
975
133
972
134
968
135
135
500
464
127
440
163\
488J
4, 561
1,944
4,650
1, 951
394
244
402
250
173
175
794
875
801
929
137
142
3, 454
2,927
3,909
2,987
993
992
269
64
36
28
161
280
69
41
31
232
491
fv?7
r 4, 662
1, 957
404
251
175
142
997
r> fil 7
P17Q
P78
M3
"30
*34
P 25
P 126
P163
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
3,480
1,993
4,255
4,885
2,751
4,928
3,607
2,727
2,061
6,133
2,306
2,917
Receipts, total
mil. ofdol..
3,366
2,972
4,191
4, 832
1,881
2,344
1,945
4,767
2,479
1,946
1,340
5, 435
Receipts net
- do. _ _
35
35
37
28
35
33
25
37
28
32
29
34
Customs
do
2,
545
3,214
2,342
1,544
3,819
3,893
1,060
1,489
1,568
1,209
1,308
5,100
Income and profits taxes
do
139
67
544
65
137
356
410
144
65
404
81
168
Employment taxes
_do
645
722
704
720
599
753
656
749
714
653
644
720
Miscellaneous internal revenue
do
186
124
147
79
114
240
88
110
111
244
165
101
\11 other receipts
do
4,656
3,104
3,722
3,323
3,151
3,995
3,111
3,651
2,496
3,
127
3,434
3,585
Expenditures total $
do_ __
2 1, 008
2463
2 161
255
2306
1,570
544
322
125
178
125
589
Interest on public debt
do
516
489
502
502
525
859
547
614
522
494
548
640
Veterans Administration
do
r
1,100
1,173
1, 032
1,006
1,063
944
1,040
r 1,210
1,054
T 1, 080
1, 143
'1,011
National defense and related activities! _ _ do
r
1,765
1,125
1,560
1,348
1,211
1,578
r
1,
354
1,290
889
r
1,
345
1,
350
' 1, 279
All other expenditures t- - - - - .. ...do _.
T
!
Revised.
p Preliminary.
Beginning September 12, series changed from one to two bond issues (2 percent December 1952-54 and 2l/i percent March 1956-58). Average
2
series for September is 1.25 percent.
Beginning November 1949, data represents interest due and payable; previously, interest paid.
cfFor bond yields see p. S-19.
fRevised series. Bank rates to customers have been revised to reflect a change in the reporting form; for the series shown here no revisions were made prior to June 1948.
JSee note at bottom of p. S-17.
5, 622
4,820
43
4,429
362
701
88
3,269
2636
588
1, 061
983
1
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-17
1950
1949
March
April
May
June
July
August
Septem-
October
November
256, 680
254 756
220, 842
33 914
1,923
256, 778
254 876
221 066
33 810
1 901
256, 982
255 124
221 295
33 829
1 858
December
January
February
March
256, 368
254, 406
221, 535
32, 871
1,962
255,
253
221
32
2
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con.
Debt, gross:
Public debt (direct), end of month, total
mil. of dol- _
Interest -bearing, total
do
Public issues
do
Special issues
do
Noninterest bearing
_
__ do _
Obligations guaranteed by U. S. Government,
end of month
mil. of dol
U. S. savings bonds:
Amount outstanding, end of month
do
Sales, series E, F, and G _ _ _ ..
do
Redemptions
_ _
do
Government corporations and credit agencies:
Assets, except interagency, total
mil. of dol
Loans receivable, total (less reserves) _
do
To aid agriculture
do
To aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans
do
All other
do
Commodities, supplies, and materials ..do _
U. S. Government securities
do
Other securities
__ _ _do
Land, structures, and equipment
do
All other assets
do
Liabilities, except interagency, total
_do_
Bonds, notes, and debentures:
Guaranteed by the United States
do
Other
do
Other liabilities
_ _. . do
Privately owned interest
U S Government interest
do
do
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total
mil. of dol
Industrial and commercial enterprises, including
national defense
__
mil . of dol
Financial institutions
do
Railroads, including securities from PWA__do
States, territories, and political subdivisions- do
United Kingdom and Republic of the Philippines
mil. of dol. _
Mortgages purchased
.do _
Other loans _
_ _
do
251, 642
249, 573
217, 647
31, 926
2,068
251, 530
249, 509
217, 676
31, 833
2,021
251, 889
249, 890
217, 975
31, 914
2,000
252, 770
250, 762
217, 986
32, 776
2,009
253, 877
251, 880
218, 831
33, 049
1,996
255, 852
253 921
220, 563
33 358
1 931
257, 130 . 256,865
254, 869
255 019
221. 123 221, 367
33 502
33 896
1,997
2,111
724
506
408
098
218
24
23
23
27
26
27
29
28
29
29
27
27
24
55, 982
590
440
56, 103
454
398
56, 195
433
415
56, 333
485
451
56, 522
511
425
56 602
449
439
56 663
398
411
56 729
388
396
56 774
383
415
56 910
495
466
57, 108
707
618
57, 345
581
418
57 446
524
510
1
22, 324
12, 228
4,209
851
141
337
5
367
6,098
589
674
2,077
3,515
3,048
782
22, 232
11, 770
3 847
980
120
364
4
368
6 108
488
1,140
2,004
3,508
2,946
865
22 594
11 720
3 617
1 123
120
407
4
347
6 090
494
1,596
2 069
3,501
2 933
775
23 733
12, 733
4 362
1 251
114
462
4
442
6 090
484
1,549
2 047
3,492
2 962
950
2,834
2,377
1,957
2,520
23
884
1,927
26
865
1,487
28
856
1,074
28
772
1,720
170
19, 320
172
19,682
177
20, 460
183
21 030
1,411
1
1,419
11,458
1 1, 522
1 1, 603
1 1, 670
1, 737
i 1, 825
1 1, 874
1 1, 951
1, 998
i 2, 043
349
125
139
138
362
124
138
138
380
123
138
30
384
123
U17
30
399
122
1117
30
416
123
1117
30
434
122
1117
30
443
121
1117
30
472
118
1117
29
481
114
1112
29
500
114
illl
29
507
113
1110
27
516
112
i 110
27
185
438
37
182
483
37
179
531
37
174
592
37
173
643
37
176
703
38
167
762
37
165
824
37
161
891
37
149
951
37
147
1,012
37
145
1,060
37
139
1,102
37
1,465
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), esti56, 309
56, 872
56, 589
57, 503
mated total
mil. of dol
60, 382
57, 768
58, 082
57, 233
60, 080
58, 699
59, 280
59, 781
58 407
50, 995
52, 251
Securities and mortgages
do
51, 498
51, 323
54, 592
52, 390
52, 640
51, 921
54, 252
53, 171
53, 652
53, 911
52, 903
49 companies (Life Insurance Association of
51, 364
50, 833
America), totalt
mil. of dol_. ' 50, 347 50, 589
51, 589
53, 184
51, 858
51, 143
53, 697
52, 389
52, 879
53, 445
52, 134
36, 433
36, 951
36, 578
37,411
Bonds and stocks, book value, total __ do
36, 911
36, 567
36, 984
36, 809
37, 162
37, 687
37 064
37, 397
37, 588
16, 149
17, 020
16, 591
Govt. (domestic and foreign) total
do
16, 809
16, 016
15, 834
15, 881
15, 987
16, 377
15, 921
15, 853
15, 797
15,905
14, 969
14, 542
14, 106
U. S. Government
do
14, 761
13. 974
14, 337
13, 684
13, 883
13, 682
13, 779
13, 743
13, 716
13 781
8,475
8,594
8,686
Public utility
do
9,134
9,090
9 503
9,153
9 320
9 261
8,977
9 314
9 473
9 196
2,857
2,853
2,861
2,855
Railroad
do
2 855
2 865
2 878
2 856
2 866
2 859
2 864
2 857
2 877
Other
do
8,081
8,851
8,447
8,309
8,906
9 345
9 472
9 244
8,591
8,989
9 298
9 386
9 106
728
731
Cash
do
695
650
692
852
703
676
687
724
706
697
704
9,300
Mortgage loans, total
do
9,557
9,828
9,430
9,971
10, 117
9,713
10 691
11,016
10 388
10 569
10 234
10 831
903
Farm
do
871
886
928
938
915
1 020
948
987
978
966
1 006
958
9,996
Other..
do
8,429
8,544
8,655
9,704
9,033
8,900
9,170
9 422
9,591
9, 824
8,797
9 276
1,853
1,828
1,841
1,878
Policy loans ai?d premium notes
do
1,892
1,963
1,904
1,934
1,943
1,866
1 915
1,925
1,952
1,042
1, 134
Real -estate holdings
do
980
995
1,007
1,045
1,059
1
102
1,028
1
113
1
124
1
077
1
090
T
Other admitted assets.. .
do
1, 077
1,106
1,015
1,163
1,066
1 052
1 210
1,101
1 127
1 171
1 173
1 246
1 120
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance) :
2,224
1,852
1,861
1,778
1,657
2,413
Value, estimated total
mil. of dol_.
1,890
2,195
1,718
1,745
1,901
1,861
2, 335
454
182
185
179
Group
do
249
242
250
443
212
267
504
308
706
433
414
431
356
Industrial
._
_ do .
381
384
396
402
490
395
360
433
416
1,337
1,256
1,245
1,122
1,252
Ordinary, total __
do
1,147
1,085
1 131
1,480
1 198
1,331
1 178
1 196
89
84
83
New England
do
73
69
67
81
96
83
86
85
77
82
994
335
302
294
Middle Atlantic
do
249
263
234
289
277
293
359
278
289
290
258
235
East North Central
'
do .
267
243
231
263
239
251
307
280
256
253
124
West North Central .
. do
122
118
113
116
112
127
138
133
111
113
104
111
141
South Atlantic
do
147
141
124
135
166
132
123
156
124
140
137
136
55
East South Central
_ do
52
53
46
52
50
49
52
65
44
58
53
48
111
West South Central
do
108
99
106
114
108
101
102
117
99
95
135
105
42
41
Mountain
do
41
43
40
45
41
52
38
35
48
40
40
Pacific.
do
145
147
141
145
130
138
134
133
111
160
165
128
127
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
326, 028
274, 398
estimated total
thous of dol
285, 303
286 065
304 428
267, 451
276 238 276 422
276 654
339 057 327 079
288 708
358 738
143, 484
Death claim payments
do
124, 889
119, 043
124 888
115,810
115, 711
132 259
130 188
121 365
120 828
132 673
124 549
152 034
44, 426
Matured endowments
_ _ _ . . do.
37, 960
37, 318
34, 227
42, 636
36, 027
35, 505
38 559
37 933
38 565
46 643
48' 070
38 750
8,142
Disability payments
do
7,475
7,385
8,013
8 347
7 912
7 641
7 867
8 969
8 136
8 534
8 354
7 800
20, 500
Annuity payments..
_ do
19, 256
19, 998
19,970
20, 868
18, 739
19 856
19
689
25
323
20 078
17 097
21 704
19 434
Policy dividends
do
58, 889
46, 348
42, 061
42, 990
56 118
47 329
43 828
39 729
60 422
38 638
83 640
65 460
47 168
Surrender values
do
50, 587
48, 593
48, 837
51, 571
46, 979
49. 893
59. 180
53! 463
63. 116
49. 674
51. 073
48. 549
5l! 007
r
Revised.
i Excludes railroad securities acquired from PWA.
JSee corresponding note on p. S-17 of the March 1950 SURVEY.
NOTE FOR FEDERAL EXPENDITURES, p. S-16.—Data on "total" and "all other" expenditures for June 1948-June 1949 have been revised to allocate to pertinent months the transactions
relai.tingjto
the Foreign Economic
Committee
Trust Fund; in the data shown prior to the April 1950 SURVEY, the entire fund of $3 billion was included in the June 1948 figure. "All other"
n
' ~ J " L '
^
' J1
•L1"
' "
"
""
, - , . . . , —
~
. . . . .
. . . .
_ j_j ve Beginning July 1946) a n d
:penses pertaining to surplus
unpublished revisions (July
. . .^ . . . . . . .
,
.—_ upon request. T h e revised
0
D _,
figures for "total" expenditures for June 1948-January 1949 are shown in the note at the bottom of p. S-14 of the April 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
September
October
November
December
January
465, 995
29,964
52. 865
30, 485
75, 341
277, 340
414, 068
31, 116
53,964
32, 973
63,054
232, 961
435, 499
31, 627
51, 973
31 606
61, 410
258, 883
653, 742
42, 178
115, 207
40, 929
108, 014
346, 914
483, 248
32, 284
79, 118
51, 213
72, 425
248, 208
469, 517
32, 145
64, 435
34, 444
66, 613
278, 880
558, 510
39, 696
67, 701
42 886
79, 324
328, 903
24, 520
24, 608
24,602
-19, 936 -208, 540 -154, 799
6,890
11, 563
15, 857
137, 986
268, 936
114, 002
63,102
66, 224
65,400
39,966
40, 380
39, 366
11, 421
12, 569
12 735
5,728
6,505
6,239
24, 584
-89, 117
2,397
58, 527
65, 422
39, 012
12, 804
7,306
24, 479
-63, 939
2, 998
10, 629
66, 140
38, 509
12, 659
7,385
24, 427
-59, 399
10, 111
8,697
24, 395
-93, 162
7,223
46, 201
24, 345
-50,411
4,119
4,350
P 24, 246
-95, 432
4,338
2,706
12, 275
5,506
6 084
July
August
February
March
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
Premium collections (39 cos.), total. thous. of dol._
Accident and health
do
Annuities
do _
Group
do
Industrial
do _
Ordinary
_
_ _
do
526, 641
34, 267
67, 864
40, 824
77, 888
305, 798
372, 943
28,171
14, 316
30, 362
60, 330
239, 764
434,472
32, 927
50, 965
37, 535
65, 659
247, 386
406, 246
26, 391
47, 377
32, 182
58, 258
242,038
437, 033
31, 655
46, 497
34, 905
67, 835
256, 141
499, 255
32, 955
63,102
34, 690
75, 018
293, 490
24, 332
—17, 741
12,019
25,615
60,816
37, 941
11, 442
5,674
24, 342
37, 775
1,612
11,142
63, 171
38, 902
11,635
5,623
24, 466
121, 632
5,483
12, 389
64,823
39, 307
12, 015
5,529
4,783
2,825
.715
514
12, 190
.715
1,818
10, 237
.715
11, 910
6,824
.715
2,090
6,056
.719
160
5,628
.732
86
7,508
.733
184
6 370
733
680
4,060
.733
8 065
.733
30
4 355
. 733
1,246
4,000
3,341
1,499
4,400
3,614
2,198
4,300
2,676
1,735
3,500
2,349
1,196
4 600
2,909
1,144
4 700
2,167
1,894
4 000
2 884
1 504
3 800
3 101
1,718
4,800
3, 193
1,196
3 700
2 965
1,385
4 100
2 496
3 721
27, 417
27,507
27, 493
27, 394
27, 393
27, 412
27 407
27 543
27, 600
26 941
27, 068
P 27 041
167, 500
24, 900
167, 600
25, 000
167, 930 v 167, 900 ^170,000 P 170 300 » 171 500 P 171 gOO v 173, 100 p 173 300 p 172 700 p 171 500
25, 266 v 24, 900 p 25, 100 p 24, 900 p 24, 900 •P 25 100 v 25, 000 P 24, 500 p 24, 700 P 24 600
142, 600
82, 400
58, 100
142, 600
82, 500
58, 200
142, 664 v 143, 000 P 144, 900
81,877 v 83, 100 v 83, 400
58, 483 r> 58, 400 P 58, 400
27.6
18.6
28.3
18.5
MONETARY STATISTICS
Gold and silver:
Gold:
24, 314
Monetary stock, U. S
mil. of dol
Net release from earmark§
thous. of dol__ -16, 725
5,108
Gold exports
do _
24, 879
Gold imports
do _ _
62, 227
Production, reported monthly total $
do
39,275
Africa
do. __
11, 994
Canada
do
5,544
United States f
do...
Silver:
214
Exports
do
6,444
Imports
do
.715
Price at New York
.. dol. per fine oz_
Production:
1,298
Canadac?
thous. of fine oz
4,800
Mexico
do
2,743
United States
do _
Money supply:
27, 439
Currency in circulation
mil. of dol
Deposits, adjusted, all banks, and currency out167, 600
side banks, total©
mil. of dol
25, 100
Currency outside banks
do
Deposits, adjusted, total, including U. S. de142, 500
positsO
mil of dol
81, 100
Demand deposits, adjusted, excl. U. S__do
58,000
Time deposits, incl. postal savings
do ._
Turn-over of demand deposits, except interbank and
U. S. Government, annual rate:
27.2
New York City
ratio of debits to deposits
19.2
Other leading cities
-do
29.8
18.7
28.7
18.5
25.5
17.1
«• 38, 492
13, 058
6,609
r
12, 387
5,869
47
r
110
6 317
'731
v 145 400 p 146 600 v 146 700 v 148, 100 p 148 800 P 148 000 p 146 900
v 83, 300 P 84, 600 P 85, 500 T> 86, 700 P 86, 800 p 84, 900 p 83, 300
P 58, 400 v 58, 400 v 58 000 v 58, 400 f 58, 700 v 58,900 P 59 300
28.0
18.6
27.3
18.5
27.2
19 1
32.5
20.0
28.6
18 9
29.3
18.9
1 185
799
702
700
146
13
541
3
97
82
20
57
5
29.4
19 3
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):*
Profits after taxes, total (200 cos )
mil of dol
Durable goods, total (106 cos )
.
do
Primary metals and products (39 cos.).. do .__
Machinery (27 cos.)
_ d^
Automobiles and equipment (15 cos.)__do -..
Nondurable goods, total (94 cos )
- do
Food and kindred products (28 cos.) --do
Chemicals and allied products (26 cos.) do._ Petroleum refining (14 cos.)
do _.
Dividends, total (200 cos.)
.
do ..Durable goods (106 cos )
do
Nondurable goods (94 cos.)
do--_
Electric utilities, profits after taxes (Fed. Res.)
mil. of dol _
Railways and telephone cos. (see p. S-23).
823
498
220
72
180
325
52
105
119
343
196
146
750
491
161
70
229
259
54
87
92
354
188
166
818
522
141
75
271
296
63
110
86
331
184
147
v 119
P 109
v 629
v 380
i>249
206
180
173
v 195
P 760
p 410
"82
p 91
P204
f 350
P64
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
_ mil. of dol _
New capital, total
.do. __
Domestic, total
__
do._
Corporate._
do
Federal agencies
__
_ do _
Municipal, State, etc
do -..
Foreign _
do ._
Refunding, total __
do
Domestic total
^
do
Corporate
_.
_ do._
Federal agencies
do
Municipal, State, etc -_
__
do
695
600
584
383
26
174
16
96
96
39
55
1
949
904
904
681
33
190
0
45
45
1
44
1
757
681
681
295
51
335
0
76
76
31
38
7
1,644
1,550
1 535
1,196
24
315
15
94
94
31
62
1
765
685
441
432
9
0
244
79
78
22
56
o
617
309
291
117
o
174
18
308
204
8
195
1
707
519
510
127
69
314
10
188
188
38
146
4
823
675
639
405
489
379
379
150
731
513
513
315
234
36
148
148
91
53
4
229
198
817
817
553
30
233
109
109
35
52
22
218
218
105
56
57
369
269
108
159
1
o
o
o
o
o
o
Securities and Exchange Commission: %
1,395
Estimated gross proceeds, total
do
1,606
2,672
1,493
2, 327
2 079
1 612
1 667
2 059
1 183
1 759
1 585
1 866
By type of security:
Bonds and notes, total...
do .
1,314
1,423
2,541
1,351
2,268
1 562
2 012
1 550
1 102
1 602
1 946
1 525
1 772
A CQ
Corporate
do
330
515
1,126
246
i ^4.
415
345
105
' 113
462
143
336
Common stock
do
41
133
74
60
47
46
fid
61
35
44
46
123
43
qc
OA
Preferred stock
do
40
50
82
57
70
1
9
14
21
45
27
36
By type of issuer:
Corporate, total
do___
411
698
388
1,257
91 Q
K/j.7
475
173
451
223
174
493
575
CA
Manufacturing*. _ __
do
27
79
313
79
170
193
R9
12
88
37
50
27
OAQ
145
236
Public utility!
do
195
537
91
n
1
HA
124
95
191
87
132
Railroad
_. __
do
88
18
45
49
Q4.
19
51
10R
41
20
16
10
31
2
Communication*.__ __
do
o
3
37
46
14
387
12
1R
12
16
206
g
-ion
42
Real estate and
financial
do
23
59
76
39
19
91
34
24
61
^1
Noncorporate, total. _ __
do
985
908
1,415
1,105
1 852
1 29O
1 907
1 438
1 216
959
1 266
1 483
1 071
U. S. Government
do
792
717
759
1 099
707
1 11R
1 606
1 608
894
978
1 m1
State and municipal
__do
175
190
928
9K1
9**
9Q*
ZAR.
*245
QftA
316
1QS
297
346
r
Revised.
p Preliminary.
§Or increase in earmarked gold (-).
{Revisions for January-May 1948 for United States and total gold production are shown in the August 1949 SURVEY, p S-18 Revisions for Januarvy
July 1948 for securities issued (SEC data) are available upon request.
cfRevised data for January-August 1948 are shown in the November 1949 SURVEY, p. S-18.
OU. S. Government deposits at Federal Reserve banks are not included
*New series. Data on profits and dividends cover large manufacturing corporations (total assets end of 1946, $10,000,000 and over); annual data beginning 1939and quarterly data beginning 1946 are available upon request. Data on securities issued for manufacturing and communication for January 1948-January 1949 are available upon request tRevised series Data (covering electric, gas, and water companies) are available beginning January 1948.
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-19
1950
1949
March
April
May
June
July
August
Septem-
ber
October
Novem-
Decem-
ber
ber
Febru-
January
ary
March
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission:]:— Continued
New corporate security issues:
Estimated net proceeds, total
mil. of dol__
Proposed uses of proceeds:
New money, total
do
Plant and equipment
do
Working capital
do
Retirement of debt and stock, totaL.do
Funded debt
do
Other debt
_
do
Preferred stock
do_ __
Other purposes
_
do
Proposed uses by major groups:
Manufacturing, total*.
do_ __
New money
do
Retirement of debt and stock
do
Public utility, total f
do
New money
do
Retirement of debt and stock
do
Railroad, total
-_
do
New money
do
Retirement of debt and stock _ . _. do
Communication, total*
do
New money
do
Retirement of debt and stock
do
Real estate and financial, total
do
New money
do
Retirement of debt and stock
do
State and municipal issues (Bond Buyer):
Long-term
thous. of dol
Short-term
do_
403
688
380
1,244
468
168
171
445
219
484
567
209
538
319
253
66
81
37
44
0
3
553
402
151
127
1
126
0
7
340
254
85
33
13
15
5
7
1,074
958
116
161
40
116
4
9
430
393
37
30
18
12
1
8
140
119
21
24
7
17
0
4
118
87
31
40
19
2
20
12
272
229
43
88
58
29
1
84
163
134
29
38
18
20
0
18
336
226
111
82
75
6
1
66
423
394
29
104
39
53
12
39
153
111
42
41
30
8
3
15
371
242
129
150
138
11
1
17
77
57
18
142
123
19
87
87
0
37
2
35
23
21
1
310
192
117
231
225
7
17
17
0
45
45
0
58
51
2
78
70
7
190
169
21
49
49
0
3
3
0
39
28
5
167
81
86
531
471
54
45
45
0
385
385
0
76
60
16
191
179
11
122
120
2
51
51
0
14
14
0
33
9
16
26
15
7
92
88
4
20
13
7
0
0
0
6
5
12
8
2
85
51
27
16
16
0
12
3
9
23
22
1
86
46
17
187
97
65
41
41
0
12
11
41
5
0
36
15
15
129
106
14
10
10
0
16
14
2
11
10
0
50
48
2
303
171
72
31
27
4
2
2
0
60
59
26
22
3
206
146
30
93
27
66
204
202
2
12
4
61
47
12
103
73
29
12
12
0
0
0
0
21
9
0)
0)
49
38
11
206
130
67
107
85
22
18
18
0
132
75
50
171, 704
133, 002
198, 762
110, 200
349, 557
61, 224
324, 825
120, 040
244, 173
67, 450
218, 662
196,516
332, 957
105, 586
230, 822
46, 514
265, 519
119,155
255 707
126, 144
248, 176
178, 972
254
357
209
368
173
380
169
552
199
660
216
420
153
371
128
244
237
294
198
284
154
237
103
230
140
364
530
551
254
626
542
329
660
537
355
280
681
528
493
690
530
399
699
548
404
740
584
418
783
586
416
813
596
445
306
881
633
523
901
669
493
953
669
522
1,018
666
579
100. 58
101.04
71.35
100. 56
101.01
72.18
100.49
100. 93
72.20
100. 98
101.45
71.40
101.40
101.86
71.77
101.82
102. 28
72.07
101. 80
102. 27
71.82
101.81
102. 27
72.48
102. 00
102. 45
72.92
102. 43
102. 89
73.70
102. 11
102. 56
74.46
101. 95
102. 38
74.80
101. 78
102. 20
75.48
100.7
101.0
101.0
100.9
102.0
103.0
103.1
102.8
103.2
103.7
104.0
104.0
104.1
91.9
97.1
95.5
83.1
128.8
101.67
91.7
98.0
95.6
81.6
129.0
101. 65
91.9
98.9
95.7
81.2
129.0
101. 62
91.7
98.7
96.3
80.0
127.5
101. 72
91.8
98.6
96.9
79.9
127.9
103. 29
92.6
98.2
97.7
81.9
129.1
103. 63
93.3
99.0
98.8
82.1
128.6
103. 86
93.7
99.9
99.2
82.0
128.8
103. 90
93.5
100.3
99.5
80.8
129.6
104. 22
94.5
101.0
100.1
82.2
130.3
104. 36
96.3
101.8
100.6
86.4
131.3
104. 16
96.4
102.0
100.9
86. 5
131.7
103. 62
96.6
102.3
100.8
86. 7
131.5
103. 24
56, 225
80, 637
53, 189
76, 590
50, 767
67, 997
49, 004
67, 171
72,615
87, 224
60, 737
78, 549
47, 468
59, 560
51, 480
68, 959
64, 646
84, 467
84, 642
111,120
107, 958
144, 088
67,512
84, 939
88, 494
116, 471
52, 359
75, 821
50, 459
72, 458
47, 431
63, 601
46, 165
63, 433
69, 941
84, 074
57, 108
73, 916
44, 469
55, 721
47, 938
64, 706
60, 157
79, 064
80, 274
105, 909
103. 400
138, 310
63, 443
78, 760
84, 757
111,305
67, 820
13
67, 807
59, 523
8,155
66, 839
3
66, 836
54, 953
11, 804
62, 284
5
62, 279
54, 847
7,350
64, 257
30
64, 227
58, 133
6,035
64, 021
31
63, 990
58, 779
5,166
66, 223
52
66, 171
59, 388
6,769
55, 413
61
55, 352
47, 169
8,166
63, 934
12
63, 922
56, 494
7,412
74, 692
0
74, 692
67, 065
7,598
99, 080
22
99, 058
91,063
7,938
119, 727
25
119, 702
108,323
11,280
68, 487
72
68, 415
59,215
9, 161
98, 704
]
98, 703
87, 246
11,420
132, 065
130, 368
1, 447
131, 304
129, 027
2,028
132, 098
130, 392
1, 455
131,360
129, 094
2,016
132, 029
130, 326
1, 452
131, 381
129,120
2,011
131,686
130, 000
1,432
130, 402
128, 146
2,006
132, 813
131,124
1,436
130, 975
128, 724
2,001
133, 643
131, 956
1, 432
131, 254
129,017
1,988
132, 210
130, 535
1,422
129,874
127, 644
1,981
132, 221
130, 509
1,458
129, 870
127, 608
2,012
132, 445
130, 726
1,463
129, 854
127, 597
2,007
128,464
126, 755
1, 452
125, 410
123,190
1,970
128, 021
126,290
1,475
125,373
123,142
1,981
12f>! 054
1, 4(59
125, 332
123, 119
1 , 963
125, 846
124. 116
1, 476
123, 045
121.440
1. 955
3.00
3.00
3.00
3.00
2.98
2.92
2.90
2.90
2.89
2.86
2.83
2.83
2.84
2.70
2.79
3.05
3.47
2.70
2.79
3.05
3.45
2.71
2.78
3.04
3.45
2.71
2.78
3.04
3.47
2.67
2.75
3.03
3.46
2.62
2.71
2.96
3.40
2.60
2.69
2.95
3.37
2.61
2. 70
2.94
3 36
2.60
2 68
2.93
3 35
2.58
2 67
2.89
3 31
2.57
2 65
2 85
3 24
2.58
2 65
2 86
3 24
2. 58
2 66
2 86
3 24
2.78
2.97
3.27
2.78
2.96
3.27
2.78
2.95
3.26
2.78
2.93
3.29
2.75
2.89
3.29
2.70
2.86
3.21
2.68
2.84
3.19
2 68
2.83
3.20
2 67
2.81
3.20
2 65
2.79
3.14
2 03
2 79
3 07
2 63
2 78
3.08
2 64
2 78
3 08
2.17
2.21
2.38
2.13
2.20
2.38
2.21
2.20
2.38
2.20
2.28
2.38
2.13
2.26
2.27
2.12
2.20
2.24
2.16
2.22
2.22
2.13
2.21
2.22
2.11
2.17
2.20
2.08
2.13
2.19
2.05
2.08
2.20
2.02
2. 06
2.24
2 01
2.07
2.27
0)
(0
0)
r
570, 664
357, 805
' 167, 048 100, 029
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
mil. of bu
Wheat
._
_ _ _ _ _ do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
_
mil of dol
do
__do
do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total^
dollars _
Domestic
do
Foreign
__
__do
Standard and Poor's Corporation:
Industrial, utility, and railroad:
High grade (11 bonds)
dol. per $100 bond__
Medium grade:
Composite (12 bonds)
do
Industrial (4 bonds) _ _ _
__do
Public utility (4 bonds)
do
Railroad (4 bonds) _
do
Domestic municipal (15 bonds) _ .
do
U . S . Treasury bonds, taxable
do
Sales:
Total, excluding IT. S. Government bonds:
All registered exchanges:
Market value
thous. of dol__
Face value
do
New York Stock Exchange:
Market value _ _
do _ _ _
Face value
___
do
New York Stock Exchange, exclusive of stopped
sales, face value, total §
thous of dol
U. S. Government
_
do
Other than U. S. Government, total §
do
Domestic
do
Foreign.
_ _
_
__do_ _
Value, issues listed on N. Y. S. E.:
Market value, total, all issuesc?
mil. of dol_.
Domestic
do
Foreign
do
Face value, total, all issuesd" _ _ _ _ - - _ _ - do
Domestic
- __ _
do
Foreign
do
Yields:
Domestic corporate (Moody 's)
percent- _
By ratings:
Aaa __
do
Aa
do
A
__
do
Baa
do
By groups:
Industrial
do
Public utility
__
do
Railroad
_ do _.
Domestic municipal:
Bond Buyer (20 cities)
do-_ _
Standard and Poor's Corp. (15 bonds)
do
U. S. Treasurv bonds, taxable
_do
J
' Revised.
Less than $500,000.
{Revisions for January-July 1948 are available upon request.
*New series. See corresponding note on p. S-18.
jRevised series. See corresponding note on p. S-18.
§Sales figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of all listed
bonds. tfTotal includes bonds of the International Bank for Reconstruction and Development not shown separately.
SURVEY OF CURRENT BUSINESS
Sr-20
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1949
March
April
May
June
July
1950
August
September
October
November
December
January
February
March
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil ofdol
Finance
do
Manufacturing
_ _ _ _ _ _ d o _
Mining
do
Public utilities:
Communications
do
Heat, light, and power
_ _ _ _ do _ _
Railroad
do
Trade
- do
Miscellaneous
__ _
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody's):
Dividends per share, annual rate (200 stocks)
dollars _ _
Industrial (125 stocks)
do
Public utility (24 stocks) t --- -do _ Railroad (25 stocks)
do
Bank (15 stocks)
_
do
Insurance (10 stocks)
do
705. 6
38.0
440.6
65.2
474.4
68.3
217.7
6.8
193.3
27.0
102.0
1.6
825.8
68.8
515.0
70.5
493.6
105. 4
226.3
5.3
189.6
35.1
93.9
1.3
725. 7
43.7
448.7
63.7
463 5
70.4
207.3
6.6
190 8
28 7
102.1
1.5
1 497 4
143 0
1, 015. 4
100 1
530 2
103. 3
232.1
4 6
213 2
37 1
103. 2
15
14.1
40.8
37.5
50.2
19.2
57.5
52.1
19.7
41.8
10.5
.4
38.8
12.6
7.5
3.4
13.7
49.7
39.5
46.6
22.0
54.8
43.4
13.7
34.7
10.0
.4
40.9
5.9
9.1
3.0
24.7
47.8
27.7
48.5
20.9
55.5
57.5
15.6
42.3
8.3
.4
42.8
3.7
8.0
3.6
26 2
61.1
51. 7
65.3
34.6
60. 7
46.3
11 7
58.4
13.1
5
40.6
11 4
16.7
2.2
28 0
52 6
34 3
48 1
21.4
3.08
3.18
1.63
2.46
2.35
1.99
3.09
3.18
1.66
2.46
2.35
1.99
3.08
3.17
1.66
2.46
2.35
1.99
3.05
3.14
1.67
2.46
2.33
2.03
3.04
3.12
1.67
2.46
2.33
2.03
3.03
3.10
1.66
2.46
2.33
2.03
3.01
3.08
1.68
2.45
2.33
2.10
3.01
3.09
1.68
2.36
2.37
2.11
3.26
3.42
1.68
2.30
2.39
2.11
3.27
3.44
1.68
2.24
2.47
2.34
3.26
3.42
1.69
2.25
2.47
2.40
3.27
3 43
1.70
2 16
2.47
2 40
3.27
3 44
1. 70
2 11
2.47
2 40
Price per share, end of month (200 stocks)._do
Industrial (125 stocks)
_
do _
Public utility (24 stocks) f
do
Railroad (25 stocks)
_
_do
46.22
46.21
27.41
29.60
45.37
45.28
27.75
28. 52
43.77
43.46
27.62
27.60
43.58
43.48
27.02
26.52
45.76
46.01
28.03
27.43
46. 64
46.91
28. 76
27.52
47.72
48.18
29. 58
28.30
49.25
49.94
29. 82
28.26
49.27
49.89
29.81
28.37
51.39
52.28
30.57
30.42
51.94
52. 58
31. 60
31. 70
52. 38
52, 88
31.91
31. 52
53. 07
53. 76
32 08
31. 30
Yield (200 stocks)
percent
Industrial (125 stocks)
do
Public utility (24 stocks)!
do Railroad (25 stocks)
do
Bank (15 stocks)
_ _
do
Insurance (10 stocks)
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks) t
do
Railroad (2^ stocks)
do
Dividend yields, preferred stocks, high-grade, 11
stocks (Standard and Poor's Corp.). --percent-.
Prices:
Average price of all listed shares (N. Y. S. E.)
Dec 31 1924—100
Dow- Jones & Co., Inc. (65 stocks) dol. per share. Industrial (30 stocks)
_ _ _
do
Public utility (15 stocks)
do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
Combined index (416 stocks) _ _ . 1935-39 =100. _
Industrial, total (365 stocks) do
Capital goods (121 stocks)
do
Consumers' goods (182 stocks)
do
Public utility (31 stocks)
do
Railroad (20 stocks)
do
Banks, N. Y. C. (19 stocks) . _
do _ Fire and marine insurance (18 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. of dol
Shares sold
thousands
On New York Stock Exchange:
Market value
mil. of dol
Shares sold
thousands
Exclusive of odd lot and stopped sales
(N Y Times)
thousands .
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of doLNumber of shares listed
millions _
6.66
6.88
5.95
8.31
4.66
3.27
6.81
7.02
5.98
8.63
4.71
3.34
7.04
7.29
6.01
8.91
4.75
3.38
7.00
7.22
6.18
9.28
4.76
3.52
6.64
6.78
5.96
8.97
4.70
3.35
6.50
6.61
5.77
8.94
4.51
3.26
6.31
6.39
5.68
8.66
4.52
3.21
6.11
6.19
5.63
8.35
4.41
3.10
6.62
6.86
5.64
8.11
4.61
3.00
6.36
6.58
5.50
7.36
4.54
3.18
6.28
6.50
5. 35
7.10
4.55
3.37
6 24
6.49
5.33
6.85
4. 32
3.28
*5 16
6.40
5.30
6.74
4.42
3.30
6.00
2.28
4.04
6.60
2 24
1.72
4.07
4.07
4.04
3.98
3.97
3.90
3.85
3.88
3.89
3.88
3.83
3.84
3.81
72.0
63.29
175. 88
35.08
48.19
70.5
63.47
175. 65
35.73
48.27
67.9
62.79
174. 03
35.73
45.90
67.0
59. 25
165. 59
34.31
42.89
70.1
61.61
173.34
35.31
44.31
71.3
63.79
179. 24
36.54
46.14
73.1
64.68
180. 93
37.65
46.65
75.9
66.66
186. 47
38.25
48.68
76.2
67.98
191.61
39.22
48.46
79.1
70.35
196. 78
40.55
51.21
72.53
199. 79
41. 52
54.68
73. 64
203. 46
42. 62
55. 16
206. 30
43. 16
55. 48
118.0
123.7
113.1
120.9
95.3
97.4
93.4
141.5
118.5
124.2
111.6
121.2
96.1
97.1
93.9
140.9
117.7
123.5
110.4
121.2
95.3
95.8
93.3
139.7
112.0
117.0
104.3
116. 7
93.0
88.4
91.0
134.5
117.8
123.8
110.5
123.9
95.4
90.6
92.5
138.1
121.8
128.0
114.5
127.4
98.5
94.2
95.5
144.9
123.8
130. 3
116.0
129.2
100.0
95.1
96.8
149.0
127.3
134.4
119.7
133. 0
101.2
97.6
99.5
157.2
129.1
136.5
123. 8
135. 2
102.6
96.2
99.3
160.1
132.7
140.3
123.6
140.2
104.1
101.0
99.6
168.1
135. 1
142.6
132. 1
143.4
105. 8
107.8
101.8
168.5
136. 7
144.4
134. 5
145.3
107.4
107. 2
104.2
169.0
138. 8
146. 5
136. 3
146. 5
109. 6
108. 5
107.7
170. 6
754
36, 915
853
40, 684
765
37,411
705
39, 437
626
37, 950
807
39, 057
871
40, 437
1,083
51,455
1,222
55, 245
1,480
68, 535
1, 663
73, 807
1,374
59. 240
1. 691
73. 746
626
26, 182
722
30, 293
639
26, 709
587
28, 776
526
29, 139
672
28, 977
729
29, 937
906
38, 474
1,035
40, 464
1,252
52, 028
1,409
56, 037
1, 164
45, 078
1.422
54. 725
21, 136
19, 314
18, 179
17, 767
18, 752
21,785
23, 837
28, 891
27, 244
39, 293
42, 576
33, 406
40. 411
66, 238
2,060
64, 147
2,072
63, 921
2,140
67. 279
2,150
68, 668
2,154
70, 700
2,162
72, 631
2,145
73, 175
2,152
76, 292
2, 166
77, 940
2,181
78, 639
2,184
79. 483
2, 204
4,266
3,453
263
550
2,608
1,963
81
564
4,414
3,494
350
570
2,422
1,741
57
624
-1, 420
-1,631
Unilateral transfers (net) total
Private
Government
do
do
do
— 147
— 1, 273
Long-term capital movements (net), total
Private
Government
do
do
do
3,662
2, 782
305
575
3 572
2,672
410
490
2,392
2,409
1,604
1,826
63
725
95
488
— 1,196
-1,490
— 1, 376
— 108
— 1, 268
-519
—223
—296
-283
—171
—112
-8
+32
-40
— 203
—169
Gold and short-term capital movements (net), total
mil of dol
Gold and foreign short-term capital in TJ S do
TJ S capital abroad
do
+100
+70
+30
-236
—386
— 280
—106
+332
+384
+136
Errors and omissions
+181
+158
+500
-96
do_. _
— 141
—372
142
— 1,054
—34
—52
p Preliminary.
fRevised scries. Data for American Telephone and Telegraph stock (included in figures for 200 stocks) are excluded. Monthly data for 1929-48 are available upon request.
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of the series.
74.52
67, 518
2,051
BALANCE OF PAYMENTS (QUARTERLY)
mil of dol
do
do
do
do
do
do
do
4
6
9
5
P 7 05
v 2 36
P 5 47
6 75
2 37
3.45
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
Goods and services:
Receipts total
For goods exported
Income on investments abroad
For other services rendered
Payments total
For goods imported
For foreign investments in TJ S
For other services received
818
54
509
69
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-21
1950
1949
March
April
May
June
July
August
Septem- October
ber
November
December
January
February
March
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADEt
Indexes
Exports of U. S. merchandise:
Quantity
1923-25=100
Value
do
Unit value
_ _
__
_do
Imports for consumption:
Quantity
___
.
_do_
Value
do
Unit value
_.
_ _do_
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
1924-29=100
Adjusted
do
Total, excluding cotton:
Unadjusted
do
Adjusted
-do
Imports for consumption:
Unadjusted
. .
_ _
do
Adjusted
do
243
312
128
243
310
128
230
291
126
233
294
126
194
239
123
191
234
123
196
241
123
189
227
120
186
223
120
208
251
121
164
197
120
172
204
119
150
196
131
131
165
126
133
167
126
134
166
124
117
144
123
132
161
122
135
166
123
144
176
123
154
186
121
153
187
122
158
195
123
148
185
125
125
143
117
147
116
146
115
159
84
118
91
104
93
77
99
72
99
77
116
93
89
85
98
113
165
192
148
174
162
180
154
181
133
164
154
155
152
124
136
106
133
117
136
122
100
104
103
124
109
98
96
91
92
93
97
104
91
100
97
105
102
107
98
99
114
120
111
108
111
105
108
105
5,464
5,228
7, 251
5,443
8,273
5,683
7,945
5,829
4,907
5, 459
5,975
4,553
6,247
3,083
6,271
3,705
3,795
6 298
6 055
Shipping Weight
Water-borne trade:
Exports, including reexports thous. of long tons
General imports
do
5, 750
Value
Exports, including reexports, total
mil. of dol__
By geographic regions:
Africa
- _
_ thous. of dol
Asia and Oceania
do
Europe
_
_ _
do
Northern North America
do
Southern North America
do
South America
do
Total exports by leading countries:
Africa:
Egypt
do
Union of South Africa
do_
Asia and Oceania:
Australia, including New Guinea
- do
British Malaya
do
China
_ _
do
India and Pakistan
do
Japan
_ _ __
do
Indonesia
do
Republic of the Philippines
do
Europe:
France
_
do
Germany
do
Italy
.
_
-_
do
Union of Soviet Socialist Republics, _ do _
United Kingdom
__ __
do
North and South America:
Canada, incl. Newfoundland and Labradorf - . do
Latin- American Republics, total ___
-do _
Argentina _
_
do
Brazil
do
Chile
_ _
do
Colombia
do
Cuba
_
_
do
Mexico
do
Venezuela
_ _ _ _
do
Exports of U. S. merchandise, total
mil. of dol__
By economic classes:
Crude materials
thous. of dol__
Crude foodstuffs
__
do _ _
Manufactured foodstuffs and beverages. _ do
Semimanufactures
_
do
Finished manufactures
do
By principal commodities:
Agricultural products, total t
do
Cotton, unmanufactured. _ _
_
do _,
Fruits, vegetables, and preparations d* _ _ d o
Grains and preparations ._ ___ _ do _ _
Packing-house productsd"
do
1,177
1,166
1,092
1,104
899
880
906
73, 837
233, 753
424, 668
166, 454
125, 729
152, 662
58, 182
240, 636
406, 991
188, 489
115, 305
156, 162
51, 753
214,729
399, 993
196, 899
102, 868
125, 910
76, 554
212, 065
392,153
185,614
104, 961
132, 584
54, 945
194, 900
280, 243
150, 917
89, 482
128,403
37. 710
172, 162
280, 740
169, 744
106, 499
112, 752
49, 814
185, 152
286, 450
152,317
104. 897
127, 058
6,651
31, 036
5,406
27, 844
4,076
28, 740
4,501
29, 136
4,287
23, 416
3,636
17, 525
3,589
18, 076
15, 203
4,293
15, 921
35, 362
46, 820
12,991
34, 449
10, 822
3,561
26, 816
34, 549
36, 385
12, 647
41, 632
13, 924
3,047
7,225
33, 695
47, 819
10,593
37, 624
12, 599
2,938
2,090
36, 303
41, 471
9,740
31, 847
12, 936
2,965
2,433
22. 930
41, 042
8,434
36, 335
7,937
2,816
965
16, 580
34, 333
7,944
28, 954
10, 606
2,616
820
14,177
42, 586
6,605
32, 821
61, 244
77, 161
53, 980
1,901
62, 246
56, 792
72, 542
54, 186
3,077
61, 770
42, 700
81, 742
52, 911
384
76, 156
62, 063
59, 186
51, 872
60
78, 274
25, 423
64, 137
23, 370
422
50, 294
22, 868
166, 449
262, 386
9,909
42, 900
10, 153
19, 588
34, 183
49,146
49, 760
188, 474
254, 283
196, 836
214, 093
6,110
28, 948
185, 596
150, 844
203, 379
13, 689
28, 690
9.858
36, 019
14, 527
1 9, 336
29, 527
44, 489
54, 516
221,369
8,307
14, 698
27, 240
42, 192
45, 984
33, 974
14, 230
14, 115
29, 241
36, 078
44, 278
1,093
12,346
1,164
1,156
1,082
170, 517
144, 723
173, 500
139, 075
76, 909
139, 109
632, 816
196, 206
98, 538
97, 029
133, 505
630, 720
127, 224
556, 323
362, 864
98, 538
23, 642
148, 701
17, 690
341, 983
100, 674
18, 352
114, 239
24, 751
343, 407
80, 653
15, 469
151, 083
17, 901
86,132
179, 646
111,521
86. 958
125, 859
589, 324
320, 158
90, 191
13,813
118,565
21, 716
63,412
19, 139
128
53, 203
169, 739
204,310
'773
850
836
943
535
271
171
986
689
665
33, 878
149 181
277 712
150 228
128 440
96 633
47, 657
197,019
324, 487
144, 987
118,302
110,401
2,991
20,411
3 546
13 952
2,758
18, 729
11,419
8,064
2,167
280
14, 986
32, 147
5,813
38, 966
1,839
714
9,977
24, 479
4,243
35, 190
13, 333
2,037
3,250
17,328
39, 237
12, 032
41,425
10
1
3
16
34
9
19
179
275
400
818
238
616
601
8 065
1 706
8 199
20 521
33 895
6 382
17 343
26, 853
63 379
20, 420
80
52, 346
29, 279
59, 107
28, 407
60
55, 905
32, 175
64 177
23, 873
21
42, 496
30, 717
60, 807
37, 627
122
54, 934
36 960
33 Q68
27 523
13
28 997
39 Oil
32 267
32 343
130
55 966
152, 314
217, 400
146, 983
190, 488
10 322
19 464
8 952
150, 188
207, 879
9 419
18 915
9 289
11,644
34 777
35 888
34 287
12,456
32 872
35 671
33 014
144, 982
214, 270
8 730
18 954
12 698
16, 403
38 254
37 676
36 763
128 430
196 644
10 751
18 672
6 823
14, 261
32 508
39 244
30 965
119, 976
188 751
15 624
19 468
6 306
13, 955
27 336
34 323
32 076
42
173
285
146
104
97
••746
315
739
455
432
681
931
31, 606
150 002
269 117
119 980
99 691
99 580
2 338
Q 876
2 160
8 592
24
145
237
128
114
92
13, 335
25, 531
32 993
43, 347
13, 731
25, 025
10,071
9,662
26, 610
31 456
38, 438
889
872
896
844
829
934
736
108, 346
122, 821
102, 400
52, 437
104, 389
514 449
133, 784
83, 982
63, 495
86, 786
475, 791
130, 476
94, 245
59, 198
83, 640
461, 128
171,884
91,834
63, 826
101, 143
505 362
121, 899
66 600
49, 109
77 509
419 460
141, 365
68 476
44, 053
86 874
420 680
245, 842
36, 126
11, 299
105, 949
260, 071
69, 358
18, 402
258, 919
71, 704
12,321
10, 213
299, 853
106, 050
14, 893
104 866
14, 177
224 510
84 414
10, 107
80 343
10 366
246 013
102 389
15, 757
70 179
13 815
12,625
97, 875
98, 529
71, 411
104, 652
516, 581
124,509
49, 726
100, 590
488 892
235, 438
38, 607
10, 799
244, 509
28, 381
110,907
14,140
125, 374
1 2, 938
9,389
11,530
32, 918
12, 920
11,738
30, 963
30 796
41, 799
93,117 i
16,129
99, 324
12, 599
r
765
•867
1
858
801, 209
814, 014
Nonagricultural products, totalj
do
738, 848
773, 149
653, 610
627, 554
583, 768
650, 653
569, 767
634, 197
515 434
510 067
1
1
15, 282
Aircraft, parts, and accessories
_ do
15, 094
i 8, 673
i 7, 449
i 7, 891
i 6, 776
i 7, 224
15, 257
i 7, 702
i 14 653
i U 386
10, 954
1
1
61,374
77. 598
64, 968
Automobiles, parts, and accessories cf_- do
73, 350
i 59, 525
i 53, 421
i 44, 441
i 56, 633
i 53, 359
i 41, 434
44, 015
46, 937
76, 768
63, 732
74, 223
Chemicals and related productscf _ do. __
64, 378
58, 801
62, 175
58, 549
58, 397
58, 190
67, 047
50 259
53 398
7,738
Copper and manufactures cf
do
5,719
7,396
7,832
4,243
5,514
3,539
5,053
3,727
9,390
4, 717
8,130
68, 424
76, 711
Iron and steel-mill products
do
70, 439
78, 761
67, 795
64, 125
37, 768
67, 699
26, 227
48, 866
41, 436
40, 375
220, 948
231,907 1 206, 564 1 223, 165 i 202, 673 1 179, 053 1 191,715 1 175, 995 i 169, 082 1 202 808 l 161 646 i 159 524
Machinery, totalcf
do
12,461
Agriculturalcf _ _ _ _ _ _
_ _ _ _ do_ _ _
14, 785
11,332
14.010
13, 041
10, 108
8 892
6 838
7 897
7 808
6 527
7 923
1
1
Tractors, parts, and accessories*
do
31, 867
31,593
25, 938 i 26, 644
i 24, 372
i 24, 192
i 20, 978
i 20, 700
i 19, 540
23, 412 1 22, 580 1 21, 328
1
1
1
i 33 977
i 37 746
Electricalcf
_ _ _ _ _ _
__do_ _ _
43, 313
1 34, 638
43, 513
36, 701
33, 712 1 35, 290 i 31 050
i 27 457
] 31 824
30 517
Metal working.
_ _ _ _ _ _ _ _ _ do __
17, 484
17, 049
15,315
17, 109
19,194
14, 836
15 792
16 046
16 238
17 008
15 741
13 837
104, 124
Other industriald*
do
95, 931
107, 957
113, 888
89, 520
79, 794
91, 584
76, 145
74 943
90 580
70 522
67 200
Petroleum and products
do
53, 270
54, 042
54, 252
47, 193
39, 965
48, 708
42, 694
40, 397
35, 373
40,419
32, 581
36, 459
Textiles and manufactures
do
61,525
65, 218
57, 964
55, 402
44, 085
45, 767
50, 270
49, 874
43, 864
49, 591
33, 581
33, 128
r
Revised.
i Excludes "special category" exports not shown separately in the interest of national security.
{Revisions for various periods in 1947 and 1948 have been made (since publication of the 1949 STATISTICAL SUPPLEMENT) in most of the foreign-trade items and there will be further changes
beginning 1946 as final data are completed by the Bureau of the Census; moreover, the revaluation of tin imports and the transfer of certain "relief and charity" food items from the nonagricultural exports group to the agricultural group have affected the pertinent series back to 1942. Revisions will be shown later.
t Revised series. Figures beginning January 1949 have been revised to include data for Newfoundland and Labrador.
cfData beginning 1948 have been adjusted in accordance with the 1949 commodity classifications. Revised figures for January-July 1948 are available upon request.
*New series; included with agricultural machinery prior to 1948.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
600. 100
663, 300
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE§— Continued
Value— Continued
General imports, total
thous. of dol
By geographic regions:
Africa
do
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
British Malaya
do
China
do
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Germany
_
._
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom. _. __
__
do
North and South America:
Canada, incl. Newfoundland and Labradorf
thous. of doLLatin-American Republics, total
do_ _
Argentina
do
Brazil
___ do _ .
Chile
do
Colombia
do
Cuba _ _
do __
M^exico
*
do
Venezuela
do Imports for consumption, total
.
do
By economic classes:
Crude materials
_
-_ d o _ _ _
Crtide foodstuffs
do
Manufactured foodstuffs and beverages _do_. Semimanufactures
do
Finished manufactures
_ __ _ __ do _ _ _
By principal commodities:
Agricultural products total
do
Coffee
do _ - Hides and skins
do
Rubber, crude, including guayule
do. _
Silk unmanufactured
do
Sugar
do_. _
Wool and mohair, unmanufactured
do_. _
Nonagricultural products, total
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
total
thous. of dol
Copper, incl ore and manufactures do
Tin including ore
do
Paper base stocks
_
do_- _
Newsprint
do
Petroleum and products
do
r
632, 630
534, 296
540, 630
525, 964
456, 413
490, 747
530, 794
559, 106
593, 694
605, 068
622, 698
47, 397
128, 177
90,521
133, 302
108, 796
124, 437
21, 101
128, 246
66, 824
122, 029
86, 133
109, 962
24, 854
126, 670
67, 240
130, 194
81, 571
110, 101
27, 632
106, 298
69, 156
131, 306
81, 608
109, 963
23, 491
94, 060
58, 355
108, 068
68, 441
103, 997
20, 014
101, 604
64, 297
120, 960
68, 610
115, 263
29, 182
97, 722
78, 947
119, 571
68, 631
136, 742
27, 105
110, 047
79, 954
139, 352
69, 770
132, 878
27, 214
118, 257
89, 611
157, 379
69, 022
132, 210
34, 342
106, 957
81, 030
145, 348
69, 716
167, 676
26. 394
127, 565
89, 337
127, 895
88, 458
163, 049
40, 705
114, 435
79, 550
125, 701
89, 413
140, 924
367
12, 693
231
6,295
429
7,286
76
7,097
189
9,339
62
8,119
6,907
9,658
170
12, 439
295
14, 010
404
12, 288
3,290
6,540
9,701
9,010
9,570
25, 185
8,011
25, 278
7,625
8,758
17, 029
5,318
25, 745
5,987
29, 582
6, 355
12,117
15, 075
13,913
13, 808
6,501
20, 949
5,535
10, 833
22, 856
11,812
9, 901
5,805
21, 833
6,637
11,368
20, 442
2,727
10, 822
7,749
14, 140
5,574
8,979
21,813
5,183
17, 082
8,846
17, 252
5,771
8,970
20, 569
4,647
15, 496
6,470
18, 573
6,792
10, 086
16, 166
5,153
15,475
9,430
20, 545
6, 275
12, 090
17, 043
6,587
18, 589
13, 304
22, 670
8, 035
10, 628
14, 962
11, 638
12, 702
6,729
23, 131
7,013
9,289
10, 175
18, 006
19, 121
8, 639
21, 362
9, 553
8.958
15, 045
13, 111
19, 003
6,940
19. 233
P 552
5, 608
14, 181
5,464
6,154
6,398
4,293
22, 695
5,247
4,371
4,430
1,318
14, 105
3,802
4,606
3,789
4,209
15,232
3,672
2,896
6, 326
4,637
14, 707
3,872
1,499
5, 430
3,531
15, 106
4,998
2,836
6,817
2,961
16,102
4,844
2,484
4,406
7,090
20, 623
4,996
2,588
7, 518
2,765
18, 919
6, 580
4,054
6,634
1,766
22, 718
5,456
4,333
5,778
1,700
21, 210
5,466
4,563
5,121
2.437
18, 168
6,776
4,069
5, 552
4 575
17, 767
133, 302
221, 714
3,869
39, 278
19, 530
21, 923
47, 459
25, 963
20, 755
624, 093
122, 029
185, 065
4, 500
41,919
13, 528
16, 198
36, 516
21, 725
22, 628
526, 903
130,194
181,887
6,790
34, 163
18, 760
14, 168
37, 423
19, 918
23, 114
533, 635
131,108
181.044
7.532
36, 943
14, 367
18, 324
35, 080
23, 761
21, 022
529, 489
108, 067
162. 131
5,637
34, 000
7,648
22, 609
30, 363
13, 356
23, 620
458, 938
120, 552
174, 557
5, 044
39, 866
11,955
21, 844
33, 349
15, 081
21, 680
513, 086
119, 571
193, 458
6,716
53, 784
10, 046
20, 604
32, 670
15, 670
23, 357
528, 887
139, 201
188, 702
8,767
48, 851
6,519
23, 754
32, 014
16, 772
27, 004
561, 906
157, 177
189, 204
6,079
61,518
7,547
22, 716
27, 586
19, 562
22, 624
592, 542
144, 996
221, 507
16, 247
80, 747
8,933
21, 345
12, 553
23, 478
27, 565
595, 065
127, 895
235, 282
19. 007
55, 243
9,912
30, 004
18, 625
27, 261
32, 232
621, 755
125, 701
219, 452
18, 544
41, 908
12, 083
28, 283
30, 808
22 517
21, 823
590, 000
164, 122
131, 165
73, 315
137, 972
117, 519
145, 509
109, 913
60, 917
110, 697
99, 867
154, 123
90. 189
68, 997
114, 362
105, 965
149, 220
102, 098
68. 118
110, 598
99, 456
126, 178
92, 462
65, 124
84, 856
90, 318
137, 883
91, 746
69, 227
114, 424
99, 806
160, 163
103, 233
59, 467
106, 284
99, 740
160, 669
110, 520
64, 824
121, 122
104, 770
154, 772
139, 790
61, 783
129, 863
106, 334
162, 817
152, 994
41, 386
133. 963
103, 904
183, 716
154, 319
46, 582
137, 663
99, 475
169, 177
139 523
58, 090
129 635
92, 228
275, 163
73, 671
5, 465
21, 698
1,006
44, 628
16, 428
348, 930
11,457
227, 046
58, 906
5,439
19, 387
34
35, 292
10, 813
299, 858
9,127
216, 116
48, 995
7,051
19, 933
42
39, 730
10, 629
317,519
11, 936
233, 310
56, 038
6,173
19, 198
86
38, 186
15, 605
296, 179
8,100
205, 067
58, 542
6,168
16, 649
23
36, 525
11, 671
253, 871
9,270
225, 334
55, 294
7,044
17, 171
45
37, 683
20, 734
287, 753
8,270
239, 533
65, 992
6,661
15, 165
71
27, 741
22, 553
289, 354
11,002
242, 027
65, 812
6,045
15, 892
156
29, 276
22, 472
319, 879
13, 651
271 , 078
77, 582
5,646
22, 339
115
23, 758
22, 138
321, 464
4,542
272, 295
105, 684
6,470
22, 631
301
6,827
26, 053
322, 770
7,828
292, 284
104, 885
7,539
19, 834
1,238
15, 782
37, 061
329, 471
11,368
294 704
84' 241
7 175
18' 991
1 270
27 614
35, 081
293 949
6 599
86, 959
28, 967
26, 683
17, 948
37, 404
35, 875
73, 767
21, 582
28, 383
12, 427
34, 200
38, 244
72, 041
20, 558
17, 518
17, 838
39, 195
36, 855
66, 374
17, 763
13, 495
17, 619
37, 261
37, 473
39, 486
11, 007
11,685
14, 253
35, 942
36, 490
59, 252
15, 196
18, 892
16, 495
38, 192
35, 546
51, 021
13, 179
21, 370
13, 677
33, 636
38, 191
59, 711
13, 024
26, 707
19, 132
37, 498
46, 281
56, 411
14, 377
17, 850
24, 318
35, 735
43, 429
53, 588
19, 213
8,691
20, 868
38, 921
48, 576
63, 082
19, 253
17, 360
22, 623
34, 576
54, 428
58 283
19 063
15 076
19 747
31 708
38, 186
r
658 700
TRANSPORTATION AND COMMUNICATIONS
TR AN SPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue __
thousandsExpress and freight carried
. _ __ .short tons Express and freight ton-miles flo wn ..thousands-Mail ton-miles
flown
_ _ __.do
Passengers carried, revenue
_ _ _ _ _ _ _ do. _
Passenger-miles flown, revenue
do
26, 852
15,871
10,763
3,633
1,092
520, 960
26,884
16, 489
10, 991
3,554
1,226
563, 013
28, 257
14, 766
8,921
3,320
1,311
594, 050
28, 089
14, 350
8,977
3,233
1,389
659, 605
29, 257
13, 082
8,177
2,915
1,342
621, 449
29,370
15, 734
10, 177
3,116
1,326
607, 332
28,084
18, 161
11, 381
3,094
1,339
616, 559
28, 116
19, 014
11, 791
3,248
1,286
593, 402
26, 037
18, 709
11, 425
3,310
1,080
490, 167
26, 014
22, 007
13, 460
4,952
941
464 170
24, 946
15 784
9,714
3 302
915
468 709
23 696
14 529
9,276
3 217
942
466 757
20, 235
42
19, 992
44
21, 810
19
20, 877
1
19, 736
19, 324
*46
20, 487
51
19, 808
41
20, 077
18
23 190
19
19 566
54
18 655
56
9. 2092
1,421
130,000
9. 2287
1,358
130, 400
9. 2895
1,331
127, 700
9. 3114
1,268
122,000
9. 3869
1,169
116, 400
9. 4501
1,193
121, 600
9. 4793
1,220
116, 800
9. 5158
1,265
125, 100
9 5523
1 226
124, 200
9 6399
9 8029
1 293
1 236
135 100 r 121 100
9 8029
1 135
114 000
9 8428
1 274
2 339
205
16
162
217
75
33
353
1.277
2 638
559
26
160
206
52
52
334
1. 250
2 288
259
42
140
157
29
46
320
1 9Q7
3 446
787
56
191
206
37
55
424
Express Operations
Operating revenues
Operating income.
thous. of dol
. _ _ _ _ _ _ _ __._ do
*t5
Local Transit Lines
Fares, average cash rate. _
Passengers carried, revenue
Operating revenues! _
_
cents
millions
thous. of dol
Class I Steam Railways
Freight carloadings (A. A. R.):d"
3,603
2,762
3,345
3,099
3,078
2 923
Total cars
thousands
3 391
634
633
560
393
Coal
_
__
do
498
459
410
54
59
35
70
57
38
Coke
do
49
191
139
159
180
148
163
Forest products
_ _
do
193
174
279
291
188
226
216
Grain and grain products
do
240
39
37
38
33
41
Livestock
do
43
69
303
396
311
266
105
277
Ore
_
__ __do
299
374
445
329
364
378
Merchandise, 1. c. 1
do
480
416
1,232
Miscellaneous
do
1,743
1,381
1,350
1,637
1.364
1.714
T
d
Revised.
Deficit.
t See corresponding note on p. S-21.
§See note marked "t" on p. S-21.
JData for 1947 revised; see note marked "t" on p. S-22 of the September 1949 SURVEY.
cFData for March, June, September, and December 1949 and March 1950 are for 5 weeks; other months, 4 weeks.
3 121
626
59
180
214
48
66
385
1. 543
2 393
435
48
126
162
37
46
298
1 941
1 fi«»
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-23
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN SPORT ATION—Continued
Class I Steam Railways—-Continued
Freight carloadings (Federal Reserve indexes) :
Total, unadjusted __
1935-39=100-.
Coal
__
do
Coke _ _
__ _do
Forest products do
Grain and grain products
do
Livestock _
-~
do
Ore _'_
__ _do
Merchandise, 1 c. 1
do
Miscellaneous
___ __
__
do -..
Total, adjusted
.
- do
Coal
do
Coke
do
Forest products.-- .- _
do
Grain and grain products
do
Livestock
do
Ore
do
Merchandise, 1. c. 1
.. _ ._
do
Miscellaneous ... _ _ __
- __.do
Freight-car surplus and shortage, daily average:
Car surplus, total
number
Boxcars
. _
doCoal cars
.
do
Car shortage, total
_
do
Box cars
__
do
Coal cars
_ _
_do _ _
Financial operations (unadjusted) :
Operating revenues total
thous of dol
Freight
do
Passenger
___
do _
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of dol_ _
Net railway operating income _
_ _ _ do _ _ .
Net incomej
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 ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile, revenue
millions
r
r
r
111
79
175
117
128
61
68
61
131
120
79
174
117
139
77
236
60
138
125
129
184
119
121
68
228
60
130
127
129
188
119
138
76
215
59
132
125
130
171
128
132
66
267
59
127
124
130
173
123
150
73
215
59
126
119
98
147
127
159
54
282
57
126
115
98
150
122
156
70
182
58
122
115
79
115
117
212
60
284
55
121
110
79
118
117
177
70
177
55
120
120
103
119
131
149
73
240
57
128
117
103
123
125
138
77
160
57
127
114
60
128
130
140
104
218
55
135
105
60
130
121
125
79
145
52
125
99
42
53
131
153
131
35
56
121
92
42
54
124
153
85
28
54
111
120
131
96
135
149
95
51
55
124
117
131
96
137
152
75
42
54
119
107
97
155
119
123
69
45
50
120
115
97
148
134
131
72
146
52
127
107
97
158
106
119
68
42
49
122
117
97
151
118
119
70
169
52
133
96
46
130
115
111
52
39
51
122
104
46
122
119
113
65
156
52
130
120
139
144
123
116
53
39
54
127
127
139
143
123
126
67
134
53
134
114, 926
17, 803
87, 579
510
165
198
78, 336
28, 600
39, 994
236
35
74
49, 195
34, 365
4,321
375
71
164
60, 083
35, 263
14, 786
388
184
32
86, 418
17, 839
59, 834
1,741
1,632
5
63, 822
11, 103
43, 570
2,451
2,254
113
74, 745
7,697
62, 109
3,582
3,173
104
190, 978
3,451
183, 594
10, 924
10, 346
132
100, 208
2,368
92, 938
5,964
3,918
1,909
44, 382
8, 303
25, 833
1,021
448
517
110, 945
17, 425
77, 385
224
111
37
165, 541
11, 701
139, 311
569
414
16
76, 055
4,867
58, 377
5,012
2,749
2,121
739, 079
616, 093
67, 608
587, 948
747, 259
620, 293
68, 659
594, 270
969
491
833
988
648, 924
534, 885
60, 993
520, 920
704, 806
587, 060
63, 776
537, 354
830
664
379
292
657, 044
537, 338
69, 725
546, 665
584, 928
481, 965
57, 845
501, 118
743, 326
630, 542
59, 555
574, 408
' 85, 028
r
66, 103
41, 494
68, 574
15, 236
93, 211
75, 706
741,
615,
67,
600,
069
923
858
852
735, 439
599, 507
77, 076
588, 177
88, 226
64, 763
39, 989
82, 621
57, 595
32, 209
721.6
596.0
68.4
662.6
59.0
26.4
741.9
610.4
71.0
689.1
52.8
21.3
46, 716
1.397
2,744
694,
569,
69,
540,
710,
575,
74,
568,
648
811
564
818
742, 877
606, 201
78, 606
587, 116
85, 998
61, 263
42, 476
80, 493
50, 337
26, 861
90, 034
65. 727
39, 061
90,444
63, 538
38, 131
81, 219
46, 786
23, 592
91, 869
75, 582
54, 425
73, 229
69, 309
82, 455
77, 622
32, 758
11,016
736.9
611.7
68.6
676.2
60.6
29.2
748.3
614.5
74.4
677.0
71.3
37.8
700.9
570.1
75.7
649.8
51.1
19.0
697.3
569.0
70 1
659.1
38.2
5.2
685.2
560.2
70.1
633.1
52.1
18.9
622.9
511.0
62 3
591.9
31 0
0
708.5
588.8
66.7
636.4
72.0
39.3
712.1
584.0
73.0
631.5
80.6
49.1
688 6
565. 0
72 8
628.9
59 8
*-29 1
638.4
522.9
64. 1
536.8
32.1
50, 199
1.321
2,770
51, 607
1.283
2,735
47, 964
1.332
3,111
44, 991
1.345
3,385
47, 107
1.338
3,256
44, 219
1.363
2,910
40, 554
1.400
2,533
46, 036
1.356
2,488
45, 190
1.343
2,912
41, 793
1.370
2,730
36, 383
1.407
2,215
6,659
3,409
3,250
7,847
3,984
3,863
8,352
4,441
3,911
8,401
4,586
3,816
7,300
4,008
3,292
7,486
4,098
3,390
7,285
3,888
3,396
6,494
3,396
3,099
6,367
3,433
2,934
6,458
3,479
2,979
5,619
3,095
2,523
5,428
2, 933
2,495
2,554
1,280
2,525
1,174
2,426
1,049
2,330
1,116
2,387
1,047
1,979
928
2, 125
1,166
2,297
1,313
2,079
1,079
2,638
1,576
2,508
1,412
2,565
1,588
2,762
1,551
5.15
85
210
5.62
84
228
5.16
84
234
5.48
84
233
5.27
78
211
5.84
81
222
5.59
86
223
5.71
86
213
5.81
80
218
5.25
67
194
5.41
80
211
5.43
83
215
5.25
81
208
55, 907
54, 681
1,883
16, 662
34, 761
243
50, 397
53, 899
2,152
17, 074
32, 319
433
47, 743
53, 966
2,078
22, 038
34, 602
803
51, 062
71. 695
2,568
20, 809
32, 294
1,732
64, 588
i 77, 419
79, 459
i 53, 058
73, 171
i 41, 927
1
54, 039
37, 141
39, 205
i 31, 601
40, 723
i 37, 182
40 553
i 42, 388
» 24, 000
19, 688
3, 333
v 26, 000
19, 847
3,126
p 26, 000
15, 501
1,446
f 27, 000
13, 592
678
v 22, 000
13, 608
298
p 24, 000
13, 932
188
941
8,663
868
7,883
796
7,370
887
8,135
841
7,731
825
7,587
833
7,732
807
7,512
785
7,260
247, 769
141, 270
88, 969
198, 130
22, 164
34, 129
245, 937
141, 955
86, 591
193,094
23, 958
34, 318
250, 363
143, 750
88, 844
197, 138
24, 266
34, 493
253, 432
146, 744
88, 828
196, 856
26, 458
34, 635
249, 852
144, 576
87, 490
195,617
24, 671
34, 766
258 353
146, 891
93, 449
199, 772
27. 433
34,902
257, 096
149, 629
89, 507
196, 780
28, 827
35, 059
262 534
154, 018
90, 258
195, 137
33,119
35, 231
14, 955
14, 345
14, 354
14, 167
166
<*61%
14, 819
14, 228
*854
15,098
13, 901
360
13, 582
13, 939
1, 123
14, 870
13, 964
156
14, 523
13, 420
314
2, 090
1,662
232
1,944
1,696
55
2,078
1,675
180
2,019
1,822
1,826
1,764
1,892
1,733
1,896
1,862
1,979
1,843
52
1,950
1,845
16
700,
562,
82,
569,
d
9, 301
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports
thous. of net tons
Foreign
do
United States
do
Panama Canal:
Total
thous. of long tons_In United States vessels __ _ _ _ __ _ do .__
Travel
Hotels:
Average sale per occupied room_dollars
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100.Foreign travel:
U S citizens, arrivals
number
U. S. citizens, departures
do
Emigrants
*
do
Immigrants
do
Passports issued
do
National parks, visitors
thousands-Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. of dol
51, 656
54, 884
59 457
22 069
187
30, 156
237
39 187
304
830
7,750
1 026
9 577
845
7,881
262, 745
156, 367
88, 159
196, 809
32, 277
35, 408
271, 879
159, 895
93, 536
205, 535
32, 729
35, 635
271 019
161 650
90 417
200 786
32 603
36, 426
13, 944
12, 984
253
13, 413
12, 673
62
14, 584
13 363
596
13, 241
12 756
%0
1,948
1,617
149
1,817
1,506
145
1,788
1,548
74
1,882
1,660
38
1 762
1,548
31
1,*620
1,584
d US
1 925
1,800
46
1 957
1,696
185
1 938
1,741
126
1 938
1,827
46
2 262
1 973
205
1 883
1,' 790
1 784
1 700
d%0
IS
1
COMMUNICATION S
Telephone carriers:!
Operating revenues
thous of dol
Station revenues
_
__
do
Tolls, message
do
Operating expenses, before taxes- __
_
do
Net operating income
do
Phones in service, end of month
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol _
Operating expenses, incl. depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
__ . __ do__
Operating expenses, incl. depreciation _ _ d o
Net operating revenues
- do_.
Radio telegraph:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
._
do
r
Revised.
v Preliminary.
«* Deficit.
d
2,067
1,856
148
*5S
d
l
JReyised data for February 1949, $5,794,000.
d
d
127
1 793
1,809
d
99
d
d ^59
12, 636
11, 887
d
d
83
1
Beginning July 1949, data exclude departures via international land borders; land-border departures during the 12 months ended June 1949 amounted to less than 1 percent of total departures.
fRevised series. The coverage has been reduced from 100-120 to 53 carriers; however, the comparability of the series, based on annual operating revenues, has been affected by less than
3.0 percent. Also, data are now shown after elimination of intercompany duplications for the Bell System; figures prior to August 1948 on the revised basis will be shown later. Data relate to
continental United States.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
April
March
May
June
July
August
September
October
November
December
January
124, 079
0)
56, 849
February
March
115,976
0)
51,317
123, 996
603
59, 336
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
short tons..
Calcium arsenate (commercial)
thous. of lb._
Calcium carbide (commercial)
short tons..
Carbon dioxide, liquid, gas, and solid
thous. of lb._
Chlorine
short tons
Hydrochloric acid (100% HC1)._
do
Lead arsenate (acid and basic)
thous. of lb_.
Nitric acid (100% HNO 3 )
_ _ _ short tons..
Oxygen . __ . _ _.
.. mil. of cu ft
Phosphoric acid (50% H 3 PO4)
short tons..
Soda ash, ammonia-soda process (98-100% Na?
Cos)
short tons
Sodium bichromate and chromote
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
Sulphuric acid (100% H 2 SO 4 ):
Production
do
Price, wholesale, 66°, tanks, at works
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic and natural), production
thous. of Ib..
Acetic anhydride, production
do
Acetyl salicylic acid (aspirin), production . _ do
Alcohol, denatured:
Production.
thous. of wine gal
Consumption (withdrawals)
do
Stocks
-_ do
Alcohol, ethyl:
Production
thous. of proof gal
Stocks, total
__.
- .
_ do _ .
In industrial alcohol bonded warehouses-do
In denaturing plants. . . .
. d o
Withdrawn for denaturing
do
Withdrawn tax-paid _ _
..do.
Creosote oil, production
thous. of gal
Ethyl acetate (85%), production
thous. of lb._
Glycerin, refined (100% basis):
High gravity and yellow distilled:
Production
thous. of Ib
Consumption.
do
Stocks
do
Chemically pure:
Production •
do
Consumption
do
Stocks
do
Methanol. production:
Natural (100%)
thous. of gal_.
Synthetic (100%)
__ . _
do
Phthalic anhydride, production
thous. of l b _ _
103, 418
129
58, 123
109, 306
1,159
50, 763
110, 129
1,515
45, 804
103, 217
1,871
47, 424
109, 505
3,070
44, 227
113,894
2,969
42, 009
105, 443
0)
40, 286
108, 604
47, 274
115, 667
1,151
55, 212
124, 900
1,548
55, 836
73, 255
148, 693
42, 297
2,833
85, 680
1,471
113, 927
75, 758
140, 791
40, 267
1, 627
101, 790
1, 367
108, 045
103, 665
143, 718
37, 825
711
99, 800
1. 286
111,040
116,758
134, 572
34, 833
784
97, 476
1,048
97, 252
131, 141
139, 163
35, 978
0)
90, 382
1,042
101, 682
132, 266
147, 825
39, 709
0)
93, 308
1,184
109, 100
95, 085
147, 214
41, 030
0)
95, 721
1.174
111, 224
82, 139
151,128
43, 616
0)
85, 208
829
124, 479
66, 259
155, 943
44, 668
676
91, 832
990
118, 217
66, 861 2 63. 180 r 2 59, 120 2 74, 802
158, 202
151, 513 . 167, 091
168, 282
44, 768 2 47, 871 r 2 43, 315 2 50, 769
3, 756
5,568
890
3,217
99, 925 2 105, 575 2 101, 386 2 98, 906
2 1, 427
2 1, 369 ••21,253
1.308
117, 334
122, 850 r 119, 202
113, 490
349, 849
8, 116
192, 947
312,647
7,105
175, 850
285, 741
5,286
176, 703
309, 379
4,648
170, 283
289, 943
4,029
163, 678
305, 469
5,575
175, 933
317, 406
5,552
182, 143
328, 899
5,938
189, 367
360, 971
5,781
196, 575
354, 412
6,726
201,012
35, 423
32, 579
43, 277
37, 658
26, 446
28, 284
37, 159
49,912
46, 073
41, 794
65, 623
60, 834
54, 485
48, 393
42, 176
58, 794
49, 377
56, 166
59,012
55, 845
978, 251
908, 599
937, 255
859, 275
833, 063
871, 458
840, 955
891, 334
934, 916
(')
338, 552
7, 350
187, 201
319, 578
6, 771
180, 945
368, 746
7,835
205, 354
36, 410
31, 410
38, 693
60, 069
54, 820
60, 773
r
996, 565 21,019,803 ' 2 967,335 n,067,023
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
30, 496
48, 157
609
29, 617
39, 459
804
29, 521
39, 775
940
25, 420
35, 334
1,009
29, 698
40, 528
250
31,638
50, 785
908
34, 788
62, 927
813
39. 667
68, 704
927
39, 923
70, 853
843
39, 824
72, 458
873
36, 765
69, 140
829
31,147
67. 350
824
15, 121
14, 088
4,248
14,468
12, 996
5,708
13. 883
12, 975
6,604
16, 575
14, 430
8,746
10, 097
10, 556
8,266
12,313
12, 444
8,126
13, 947
15, 341
6,732
14,845
15, 259
6, 313
14, 612
15,574
5,358
13,618
15, 077
3,899
14, 903
15, 335
3,464
13, 293
13,215
3.429
16, 743
17, 087
2,873
28, 426
37, 741
37, 454
288
27, 834
2,944
13, 861
6, 374
36, 232
43, 842
43, 373
469
27,027
2,541
13, 250
6,416
33, 855
49, 942
49, 441
502
25, 770
3,022
13, 728
5,368
31, 796
51,015
50, 544
471
30, 593
3,040
13, 215
5,479
23, 760
53, 788
53, 273
515
18, 663
2,664
10, 542
5,798
26, 660
56, 588
53, 527
3,061
25, 176
3,572
10, 005
6,424
22, 770
52, 426
50, 652
1, 775
24, 362
3,672
10, 492
5.339
22, 680
43, 133
41,919
1,214
27, 117
3, 936
6,254
6,852
23, 181
37,192
36, 223
969
26, 838
4,289
6, 508
6, 469
22, 549
33, 949
33, 204
745
24, 907
2,288
10, 314
6,456
24, 688
31, 346
30, 450
896
27,411
2, 750
10, 597
6,449
24, 254
28, 397
27, 713
685
24, 044
2, 547
10, 063
6,917
27, 304
24, 050
23, 513
537
30, 321
3, 846
6,234
6,305
12, 406
6,213
6,182
12, 936
6,089
6,341
12, 110
7,907
6, 668
13, 596
4,692
5,700
11,316
6,781
7,068
11, 580
7,528
7,397
11, 790
7,550
6,913
12, 123
7,879
6, 545
13, 103
6,834
6,214
13, 591
6,927
5,971
14, 347
6,159
6,082
13. 564
8,499
7,794
14, 468
9,973
7,621
21, 307
8,910
7, 065
20, 685
9, 246
7,189
20, 393
8,617
6,947
18, 211
6,258
6,286
14, 926
11,591
8,181
15, 674
11,165
7,729
15, 479
11,655
8,054
17,214
12, 426
7,916
17, 838
12, 335
7,209
20, 071
12, 840
9,174
22,411
12, 228
7,224
24, 645
12, 553
8,158
25, 972
187
14, 038
12, 470
166
11,417
10. 192
223
8,864
9,507
146
7, 023
8,018
136
7,609
7,104
157
8, 059
10, 103
146
9. 323
12,602
165
11, 143
16, 284
165
9,789
16, 340
169
10, 628
18, 075
171
11,655
18, 174
145
8, 767
17, 090
197
1,234
250, 058
99, 590
138, 789
9,133
152, 977
124, 009
61,341
3. 215
13, 130
739
207. 809
63, 127
129.643
7,828
176, 584
141,302
86, 544
13. 333
548
375
258, 996
58, 420
161,062
9,824
110,049
93, 061
66, 791
4, 430
2,198
308
264, 575
79, 592
172, 841
8,410
69, 454
54, 254
32, 681
8,130
1
279
351,947
87, 853
229, 784
8,103
120, 479
100, 699
52, 377
13, 570
0
511
289, 754
98. Ofi4
162, 598
15, 392
118,352
107, 241
52, 616
5, 066
0
520
310, 303
124, 806
155, 912
9,985
97, 236
86, 961
47, 695
4,737
2
489
391, 164
150, 907
186, 581
11. 540
87, 735
70, 828
26, 454
8,389
20
557
992
300, 251 ' 248. 714
159, 502 r 51, 893
983
110, 806 177,
r
5,631
3, 406
142, 225
106, 389
98, 717
88, 773
55, 563
33, 163
5,135
5,433
4,738
26, 159
1,468
311, 246
126, 224
161, 043
4,562
173, 103
113, 283
56, 171
13, 606
33, 548
1,859
54. 50
114,673
54. 50
78, 290
54. 50
114,025
54.50
77,015
54.50
103, 936
54.50
92, 825
52.25
105, 678
51.50
72, 787
51.50
91, 803
51. 50
116, 035
994, 691
802, 638
•• 929. 998
824,080
810, 775
960, 752
r
17.00
FERTILIZERS
1,950
Consumption, (14 States) f
thous. of short tons..
Exports, total
short tons.. 254, 928
104,414
Nitrogenous materials
do
123, 799
Phosphate materials
___ do_
7,993
Potash materials _ _
__ do
170, 937
Imports, totnl
__
do
150, 466
Nitrogenous materials, total
do
82, 123
Nitrate of soda
._
do
8,401
Phosphate materials
.
do
1,964
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
54. 50
port warehouses
dol. per short ton
100, 338
Potash deliveries
short tons
Superphosphate (bulk) :J
Production
do
'1 ,020, 281
984, 456
Stocks, end of month
do
r
51. 50
45, 485
51. 50
27, 896
' 833,6(81 f 889, 083
850, 563
820, 111 816, 724
836, 137
802, 943 "• 854, 292 1, 071, 632
1,1 65,762 1, 264, 676 1, 268, 682 1, 259, 932 1, 311, 085 1, 420, 577 1, 495, 731 1, 308, 555 1, 009, 711
NAVAL STORES
Rosin (gum and wood):
Production, quarterly total
drums (520 Ib.)
Stocks, end of quarter _ _
do
Price, gum, wholesale, "WG" grade (Sav.), bulk*
dol. per 100 l b _ _
Turpentine (gum and wood) :
Production, quarterly total
bbl. (50 gal.)_.
Stocks, end of quarter
do
Price, gum, wholesale (Savannah).. dol. per gal..
362, 650
618,230
6.22
114, 860
229, 690
.41
525, 250
719, 140
5.68
.40
6.41
6.42
.39
183, 160
218, 490
.37
574 840
840, 920
6.49
----
6.53
."38"
6.70
194.110
225, 070
.39
552, 940
929, 960
6.60
."§9"
6.58
6.66
6.66
6.40
6.29
."39"
170 700
238, 660
.40
.41
.43
.43
MISCELLANEOUS
Explosives (industrial), shipments:
1,333
1,269
1,286
1,081
Black blasting powder
thous. of lb__
1,068
1,509
1,606
1,595
2,212
2,436
1,999
1,803
2,213
45, 883
57, 992
High explosives
do
55, 729
50, 982
45, 443
53, 158
48, 548
47, 585
40, 130
47, 608
40, 468
37, 389
53, 418
Sulfur:
402,711
Production
_ _ _ long tons
396, 447
417, 526
399, 025
388,811
397, 024
389, 682 392, 805
392, 655
400, 564
401, 232
376, 942
412, 425
3, 202, 481 3, 181, 199 3,168,051 3, 168, 312 3, 142, 845 3, 156, 752 3, 139, 785 ' 3, 097, 331 3,114,865 3, 099, 305 3, 074, 562 3, 040, 190 2, 988, 527
Stocks
do
2
r
l
Beginnirig January 1950, figur es are not strictly coraparable w ith those f<3r earlier periods beca use of the inclusion of data for plants not
Revised.
Not available for publication,
previously reporting. Revised figures for 1948-49 in 3luding da a for these plants (w lich accouiit for less t han 3.5 pe rcent of tht3 total procluction of t he indicate3d chemicgils) will be available
later.
^Revised data for February 1949 (short tons) : PiDeduction, S65,568; sto cks, 1,239,8 18.
tRevised series. Beginning in the January 1950 SURVEY, data for fe rtilizer con sumption i n 14 States have been substitute d for the 13-States se ries forme rly shown; revised fig ures prior
to November 1948 will shown later.
*New series. The series for rosin "WG" (windc>w glass) gi ade, whicl i is compil(^d by the U. S. Depa rtrnent of L abor beginn ing Noveniber 1948, and prior t<} that month by the Oil, Paint,
and Drug Reporter, has been substituted for the "H " grade forrnerly sho\vn. Data beginning 1935 will b e shown la ter.
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-25
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
288, 055
103, 724
344, 466
314, 265
122, 437
350, 904
r
48, 962
40, 593
111,321
53, 902
42, 707
114, 390
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production _
__thous. oflb . 306, 947
111, 062
Consumption, factory
do
Stocks, end of month
_
do _ _ 446, 760
Greases:
51, 138
Production
do_ _
48, 539
Consumption, factory
do
109, 933
Stocks end of month
do
Fish oils:
879
Production
do_ _ _
13, 395
Consumption, factory.
do
88, 713
Stocks end of month
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
469
Production crude
mil oflb
450
Consumption, crude, factory
_ _ do_ _
Stocks, end of month:
812
Crude
do
448
Refined
do 47, 741
Exports t
thous oflb
23,
126
Imports, total
_
_
do
5, 739
Paint oils
do
17,
387
All other vegetable oils
_
do _
Copra:
25,
148
Consumption factory
short tons
16, 618
Stocks end of month
do
26,
006
Imports
do_
Coconut or copra oil:
Production:
32, 682
Crude
thous. of Ib
21, 522
Refined
_
_ do___
Consumption, factory:
42, 566
Crude
_ do. _ _
22, 533
Refined
do
Stocks, end of month:
64, 224
Crude
do
7,893
Refined
_ _ do. _
7,796
Imports
_ _ _
- do_. _
Cottonseed:
94
Receipts at mills
thous. of short tons
473
Consumption (crush)
do
881
Stocks at mills, end of month
_
do. _
Cottonseed cake and meal:
209, 422
Production
short tons_
95, 907
Stocks at mills, end of month
do
Cottonseed oil, crude:
153,
918
Production
thous. of Ib
184, 758
Stocks, e n d o f month
_
_ _ _ _ _ _ do._
Cottonseed oil, refined:
150, 595
Production
do
133, 361
Consumption, factory
do
40, 819
In oleomargarine _ _ _
do
242,
512
Stocks end of month
do
Price, wholesale, summer, yellow, prime (N. Y.)
.143
dol. per lb__
Flaxseed:
Production (crop estimate)
thous. of bu
Oil mills:
3,177
Consumption
do
3,142
Stocks, end of month
do
46
Imports
do
6.00
Price, wholesale, No. 1 (Minn.)
dol. per bu__
Linseed oil:
60, 949
Production
thous. of Ib
31, 966
Consumption, factory.. _ _ _ _ _ _ _ _ _ _ d o _
270, 035
Stocks at factory, end of month
do
.288
Price, wholesale (N. Y ) _ _ _
dol. per Ib
Soybeans:
Production (crop estimate)
thous. of bu__
17,032
Consumption, factory _ _ _ _
do
36, 305
Stocks, end of month
do
Soybean oil:
Production:
167, 689
Crude
thous. of Ib
137, 081
Refined
_ do
Consumption, factory, refined ___
do
130, 314
Stocks, end of month:
132, 959
Crude
do
123, 562
Refined
do
.154
Price, wholesale, edible (N. Y.)
dol. perlb..
f
1
2
Revised.
December 1 estimate.
No sales.
{Revised series. Beginning in the September 1949 SURVEY,
r
270, 742
94, 188
408, 634
272, 192
109, 734
368, 929
275, 069
105, 502
319, 521
254, 842
61, 981
322, 974
264, 394
120, 143
292, 421
248, 888
119, 516
265, 758
288,318
117, 519
240, 962
338, 009
106, 627
251, 195
378* 469
96, 214
316, 248
363, 933
111,714
360, 842
46, 852
43, 564
110, 882
49, 170
38, 425
113, 706
50, 505
41, 590
124, 927
45, 702
32, 951
129, 265
46, 753
41,895
124, 518
44, 706
46, 031
117, 852
48, 110
42, 016
116, 477
54, 861
42, 911
112,412
55, 935
43. 794
111, 379
53, 954
42, 005
113, 753
1,063
9,653
80, 946
4,717
10, 753
78, 176
13, 599
12, 377
78, 442
12, 735
11,126
69, 511
18, 362
12, 823
79, 062
21, 962
17, 667
92, 245
24, 908
20, 865
102, 849
8,438
15, 364
94, 776
10, 076
14. 777
106. 261
4,833
15, 236
103, 076
493
15, 438
87, 502
524
19, 539
90, 820
381
405
374
384
379
368
338
307
361
380
464
417
601
480
601
496
553
456
541
475
••471
450
476
484
736
462
97, 268
8,827
2,802
6,025
735
376
115, 017
13, 955
2,168
11, 787
739
319
60, 173
24, 378
1,609
22, 769
732
266
71. 885
32, 589
2,811
29, 778
718
188
31,179
31,096
4,505
26, 592
776
171
29, 982
38, 516
4,925
33, 591
856
231
36, 630
28, 785
10,616
18, 169
963
288
71, 986
35, 654
11.689
23, 966
1,048
338
48, 924
22, 024
5, 535
16, 489
1,087
386
60, 199
20, 873
1,726
19, 147
1,073
404
62, 747
25, 344
3,869
21, 475
1,062
398
19, 754
14, 337
22, 677
30, 203
15, 536
32, 655
36, 773
15, 034
40, 940
26, 914
12, 769
27, 909
34, 932
10, 010
38, 594
38, 306
8, 333
51, 251
46 206
18 710
60, 027
43 723
21,998
52, 913
33, 180
22, 328
32, 798
36 640
23 784
44, 625
25 515
17, 725
27, 160
24 724
21, 074
25, 762
28, 162
38, 933
24, 473
47, 231
25, 022
34, 368
23, 139
44, 961
29, 168
48, 892
30, 374
58, 979
29, 169
55, 482
25, 363
42, 726
24,304
46 743
22, 515
32 381
21, 358
31 179
23, 268
46, 903
25, 224
42, 585
22, 827
44, 905
24, 483
36,014
19, 689
53, 219
28, 147
54, 538
26, 248
55, 248
25 914
48, 532
23,287
45, 222
22, 344
43 763
20 617
40, 787
20 708
46, 571
22 592
47, 880
8,805
2,330
56, 132
9,063
7,852
71, 318
8,477
8,442
82, 365
8,728
14, 512
83, 124
6,723
14, 485
101, 042
7,945
17, 020
112 977
8,283
8,442
134 570
8, 676
11, 158
146, 739
9,016
6,015
179 560
9 893
10, 675
183 139
8 446
10, 729
182 968
7 899
30
325
586
19
262
343
15
197
162
117
147
132
353
207
278
1,248
586
941
1 382
748
1,575
1 322
785
2,112
450
677
1,884
179
654
1,409
262
533
1,137
213
492
858
143, 338
95, 806
117, 678
104, 700
85, 660
88, 354
66, 340
65, 949
94, 081
52, 759
253, 763
98, 076
334, 030
116, 912
355, 146
123,518
309. 772
142, 801
289 039
175, 724
235 130
196, 406
220 201
186, 446
107,085
168, 447
87, 873
118, 896
65, 569
76, 240
48, 656
52, 233
64, 805
40, 908
184, 291
88, 766
242 687
123, 462
252, 640
162, 355
217, 619
181, 587
210 781
171 922
173 826
146 885
162 217
99 469
119, 975
124, 750
32, 771
236, 197
115,419
125, 584
30, 560
227, 587
97, 996
138, 639
32, 728
186, 268
61, 255
110, 959
28, 882
132, 766
71,976
142, 409
37, 530
72, 590
1 13, 309
115, 282
32, 076
69, 708
178, 666
129 424
35, 728
125 176
188, 938
144. 799
36, 049
174, 981
172, 940
133, 830
41, 205
218, 210
175
145
47
255
927
547
649
630
174 054
158 713
46. 604
273 525
160 817
174 461
271 007
.136
.134
.122
.125
.158
.140
.129
.118
.123
.130
.138
.153
2 576
2 554
1
2,241
2,104
13
6.00
2,393
1,960
10
(2)
3,528
1,513
*1
(2)
3,505
2,227
0
3.86
3,985
4,932
0
3.91
3,886
8,139
0
3.94
3 468
7 553
43, 510
25, 432
310, 827
.288
45, 497
23, 734
321, 765
.288
70, 927
26, 402
363, 431
.276
69, 949
35, 262
378, 788
.25C
77, 071
42, 723
407, 230
.216
72, 923
49, 884
421, 115
.208
15, 937
29,029
15, 459
22, 992
15, 264
18, 333
15, 302
12, 477
13, 551
6,549
156, 088
127, 425
130, 934
154, 183
118, 045
123, 969
150, 583
124, 209
120, 798
155, 148
110, 190
97, 345
105, 365
112, 523
.158
88, 631
102,045
.154
82 793
93, 929
.141
90, 881
92, 807
.142
3, 254
6 982
r
43, 664
3.93
3,194
5 412
0
3.92
2 937
5 058
3.85
o
3.95
2 752
3 928
' 2
3.88
67 803
44 411
433 921
192
62 856
36, 376
462 934
.186
61 681
30 518
485 112
.185
57 066
32 292
515 697
184
53 469
33 619
531 932
185
50 939
39 850
545 778
180
11,996
10, 606
17 522
63 581
17, 139
70 914
16 909
59 398
15 466
54 214
18 112
47 991
136, 015
135, 106
141, 462
120 756
127 703
136 199
172 491
125 902
119 778
165 473
133 442
129 801
166 855
119' 251
104 727
165 088
130 317
117 599
153 046
118 749
111' 398
177 518
146 063
139 881
71 925
76, 384
.175
56 223
56 790
.157
69 405
57 976
Il42
90 116
59 985
!l48
82 877
66 650
.150
78 Q1 1
66 791
!l53
87 228
64* 118
.168
o
1
data include oleomargarine of vegetable or animal origin.
67 314
55 410
! 145
222 305
17, 290
66 508
o
3.93
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
July
August
September
October
November
December
January
71, 278
73, 072
76, 948
76, 854
84,237
83,942
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC,—Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous. of Ib
Consumption (tax-paid withdrawals)
do
Price, wholesale, vegetable, delivered (Chicago)
dol. per Ib- _
Shortenings and compounds:
Production
thous. of Ib
Stocks, end of month
_ ._
do
80, 120
78, 984
65, 665
64, 722
59, 725
60,419
63,610
61, 970
56, 118
55, 366
79, 106
79, 346
74, 408
71, 172
75, 471
73, 938
81,299
81, 218
.256
.229
.224
.224
.224
.248
.249
.224
.224
.224
.224
.224
.236
125, 607
72, 800
119, 576
80, 436
125, 908
84, 851
122, 213
85,821
83,355
64,438
156, 696
52, 851
133, 849
59, 315
123, 178
62, 860
139, 965
61, 889
125, 783
81, 722
135, 591
71,190
145, 489
66, 407
161, 722
71, 736
Paint, varnish, lacquer, and filler, total
thous. of doL.
Classified, total
..do
Industrial
do
Trade
_
_
-do
Unclassified
do
84, 124
75, 938
30, 178
45, 760
8,186
86, 236
77, 852
28, 473
49, 379
8,384
89,083
79, 913
27, 582
52, 331
9,170
88,465
79, 546
28,755
50, 791
8,919
74,215
67, 613
25, 775
41,839
6,601
87, 911
79, 375
30, 821
48, 554
8,537
84, 376
75, 453
30, 227
45, 225
8,923
76,219
69, 016
28,682
40, 334
7,203
67, 128
60,719
25, 215
35, 503
6,409
57,445
52, 061
23, 491
28, 570
5,383
75, 936
68,887
27,684
41,203
7,049
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:*
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
thous. of Ib
Molding and extrusion materials
do
Nitrocellulose, sheets, rods, and tubes.
do
Other cellulose plastics
do
Phenolic and other tar acid resins. _
-do
Polystyrene
do
Urea and melamine resins.
do
Vinyl resins
do _
Alkyd resins
do
Rosin modifications.
do__
Miscellaneous resins
do
1,563
4,548
728
1,010
20, 585
17, 257
9,248
22, 219
16,038
7,848
16, 084
1,329
4,610
1,650
3,449
754
709
14,828
16, 331
8,049
20,407
17, 853
7,516
14, 162
1,242
4,303
626
176
14, 952
15, 029
7,931
20,636
19, 149
7,584
14, 825
1,332
3,431
1,405
4,626
517
113
17, 834
19, 749
9,569
23,663
19, 258
8,103
16, 646
1,530
5,798
431
712
22, 569
20,723
10,299
29,098
21, 114
9,912
19, 399
2,138
6,904
453
749
25, 056
22, 156
13, 239
31, 786
20, 787
10, 728
18, 896
1,962
5,183
1,674
4,638
485
972
25, 811
20,137
13, 389
33, 036
17,902
8,086
18, 861
1,938
5,387
••546
PAINT SALES
750
1,022
18, 260
17, 548
8,500
23,613
16,069
8,182
14, 547
372
433
11,232
15, 905
6,273
18,853
17, 304
6,631
14,877
440
950
28, 684
20, 901
13, 568
33, 503
20,619
9,777
18, 709
825
' 27, 499
'r 20, 332
12, 989
' 33, 111
' r18, 825
8, 486
' 21, 096
r
r
r
r
70, 873
64, 640
27 145
37, 495
6,233
87,523
79, 155
32,263
46, 891
8,369
1,875
5,399
546
1,168
27,297
20,242
12, 577
31, 429
20,947
8,479
20,020
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
27, 745
29, 514
27, 875
28, 025
27,946
28, 539
mil. of kw.-hr__
29,492
31, 096
28, 110
28, 358
31, 677
24, 721
23, 215
23, 348
23,684
23,617
25,021
26, 321
23, 922
24, 328
24, 288
26 871
Electric utilities, total
do
15,290
16, 585
15, 057
16, 393
16, 355
18, 705
17, 672
16,946
17, 353
18, 537
17, 467
By fuels
do
8,158
8,058
7,224
8,136
7,330
6,861
7,349
6,976
6,936
8 334
7,616
By water power
do
Privately and municipally owned utilities
19, 749
19, 785
20, 034
21,028
19, 973
mil. of kw.-hr__
20,965
22,456
20, 430
19, 934
22, 893
20, 781
3,694
3,466
3,563
3,583
3,711
4,055
3,548
3,865
3,858
Other producers
.
do _.
3,987
3,979
4,793
4,530
4,526
4,262
4,407
4,471
4,211
3,822
Industrial establishments, total .
do_
4,775
4.436
4,805
4,053
4,012
4,048
3, 881
4,327
3,465
4,067
4,055
4,362
4,310
3,837
By fuels
do _
466
478
479
395
381
404
357
382
374
465
By water power
do
443
Sales to ultimate customers, total (Edison Electric
22,943
Institute)^—
mil. of kw.-hr_. r 20, 893 '20,401 r 19, 905 '19,905 ' 19, 949 ' 20, 758 ' 20, 878 ' 20, 309 ' 20, 655 ' 22, 020
Commercial and industrial:
3,685
r 3, 760
' 3, 974
r 3, 707
3,611
4,033
3,876
' 4 047
Small light and power d71
do
'4 044
4, 181
' 3, 890
' 10, 320 r 10, 125
' 9, 524 ' 10, 120 ' 10, 142
' 9, 958
'9,889
' 9, 709 ' 9, 799 r 10, 384
10, 602
Large light and power cfdo
'579
525
499
473
462
470
470
452
536
555
Railways and railroads
do
499
4,464
'5,004
' 4, 374 ' 1, 417
' 4, 760
4,422
4,749
' 5, 604
r 4, 619
6,276
«• 5, 032
Residential or domesticc?
--do
465
'532
664
825
626
Rural (distinct rural rates)
do _ _
627
873
809
409
541
506
229
190
178
184
205
202
251
291
224
272
Street and highway lighting
do
287
522
53(6
522
516
592
'509
541
602
581
Other public authorities
do
572
580
52
46
46
48
46
46
46
46
49
52
Interdepartmental
do
49
Revenue from sales to ultimate customers (Edison
Electric Institute) cf
thous. of dol ' 382, 028 ' 374, 735 ' 368, 670 ' 371, 462 ' 375, 372 r 382, 149 ' 387, 522 * 383, 236 r391 007 ' 409, 942 425 325
28,789
24 270
16, 528
7 741
31, 864
26 997
18, 268
8 729
20,637
3,632
4,519
4,082
437
23,022
3 975
4,867
4 383
483
22, 203
4 076
10 297
507
6,017
405
251
597
52
416 130
GAS
Manufactured and mixed gas (quarterly) :
Customers, end of quarter, total
thousands
Residential (incl house-heating)
do
Industrial and commercial
__do
Sales to consumers, total-.
mil. of cu. ft
Residential
do
Industrial and commercial
_.
do
Revenue from sales to consumers, total
thous. of dol
Residential (incl. house-heating)
do
Industrial ?vnd nomTrmroial
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
10, 590
9,885
10, 541
9,842
10, 262
9,582
10, 182
9,497
186, 071
128, 942
55, 676
139, 231
90,229
47, 875
101, 730
60, 288
40,077
142, 774
94, 652
46, 573
176, 698
131, 379
44, 272
144, 513
107, 058
36, 725
113, 390
82, 663
29,641
145, 570
108 202
36 318
11, 971
10, 961
1,000
924, 244
390, 136
511, 640
12, 328
11, 293
1,026
715, 282
192, 659
501, 154
12, 663
11, 649
1,004
615, 338
91, 452
492, 683
13, 310
12, 194
1,107
820 431
238, 854
550 395
358, 296
224, 031
130, 165
246, 490
127, 776
115,064
183, 487
74, 471
r 103, 978
289 605
158, 967
125, 493
697
691
672
677
' Revised.
*New series. The data for production, compiled by the U. S. Tariff Commission beginning July 1948, are essentially comparable with the series for shipments and consumption (reported
by the Bureau of the Census) previously shown here, except for inventory changes (which tend to balance out over a short period) and the inclusion of reports from a few additional companies.
Data for alkyd resins and rosin modifications are not available prior to 1949.
cTRevisions for January and February 1949 are as follows (mil. of kw.-hr.): Sales to ultimate customers—total, 21,798; 21,071; small light and power, 3,833; 3,800; large light and power, 10,613;
10,183; residential or domestic, 5,425; 5,269; revenue from sales (thous. of dol.), 398,457; 389,489.
SUKVEY OF CUERENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-27
1950
1949
March
April
May
June
July
August
September
October
November
December
January
7,392
7,285
9,836
6,122
6,438
9,252
5,774
6,095
8,686
6, 312
6,246
8,484
6,146
5,597
8,775
5,842
5,523
8,849
7 554
5, 938
10 073
February
March
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl
Tax-paid withdrawals
-- - do
Stocks end of month
do
Distilled spirits:
Production
thous. of tax gal
Consumption, apparent, for beverage purposes
thous. of wine gal_
Tax-paid withdrawals
thous. of tax gaL_
Stocks, end of month
_
_do_ _
Imports
thous. of proof gal
Whisky:
Production
thous. of tax gal__
Tax-paid withdrawals
do
Stocks, end of month . .
__ __do _
Imports
thous. of proof gal
Rectified spirits and wines, production, total
thous. of proof gal__
Whisky
__
do
Wines and distilling materials:
Sparkling wines:
Production __.
thous. of wine gal ._
Tax-paid withdrawals.
_ __ _ _ d o _ _
Stocks end of month
do
Imports
-.
do__
Still wines:
Production
_
do
Tax-paid withdrawals
do
Stocks, end of month
_ _ _ _ _
_ _do _ _
Imports
do
Distilling materials produced at wineries __do
7,761
7,084
8,708
7,314
6,507
9,248
8,331
7,557
9,646
16,922
16, 823
9,258
8,629
9,879
9,382
8,722
10, 147
9,182
8,901
10, 033
13, 732
8,818
11, 581
16, 704
26, 093
19, 770
19, 057
16, 577
14, 137
15 994
13, 064
7,632
677, 344
1,111
12, 323
8,067
676, 337
878
12, 336
8,072
675, 217
985
r 14, 120
9,471
673, 701
1,329
15, 213
11, 438
671, 309
1,529
17, 673
12,070
669, 884
1,607
20, 031
8.351
676. 016
1,410
11, 519
7,209
680, 898
11, 592
6,295
684, 576
857
9,215
686, 640
10, 971
3,732
599, 561
1,017
7,852
3,537
602, 926
1,027
5,099
4,048
602, 865
803
5,959
4, 383
603, 231
914
8,703
5,311
604, 768
1,226
9,246
6,101
606, 210
1,413
9,705
6, 965
606, 015
1,461
10, 672
5, 197
610, 365
1,262
11, 069
4,684
615, 384
11, 045
5,558
624, 182
790
10, 115
4,043
620, 133
777
8,306
7,345
8,931
7,908
9,069
7,889
8,008
6,864
9,043
7,681
10, 228
9,250
12, 400
11, 247
12, 601
11,473
7,916
7,101
6,622
5,870
6,092
5,458
9,377
8,357
74
65
1,515
21
188
53
1,647
32
98
62
1,673
26
163
77
1,743
28
54
49
1,742
13
128
62
1,808
14
1,734
1,633
54
154
86
159
124
64
1,771
1,426
86
86
1,474
38
41
1,456
17
821
11, 703
191, 799
253
1,802
640
9,585
182,156
238
405
658
8,885
173, 518
221
929
584
8,815
162, 586
177
513
435
7,763
155, 034
148
713
1,335
8.788
145, 702
145
4,900
19, 085
11, 303
154, 365
58, 451
13, 112
203, 831
14, 556
13 540
205, 095
3, 534
12, 865
192, 024
37, 979
105, 382
35, 142
335
4,808
1,076
11 974
179, 526
124, 615
15, 338
.599
160, 625
51, 056
.597
157, 325
102, 701
.590
136, 390
136, 786
.599
128, 440
153, 855
.618
113, 770
154, 455
.622
102, 800
144, 819
.625
90, 480
130, 452
.625
96,000
113, 993
.631
101, 515
103 657
.624
111,165
86, 845
125, 903
109, 920
2,393
143, 280
116, 365
134, 765
117, 021
2,402
137, 125
112, 545
162, 256
140, 859
2,794
118, 735
96, 760
185, 517
162, 346
2,138
108, 410
87, 370
210, 411
183, 208
1,804
94, 150
74, 135
213, 433
188, 259
2,442
82, 155
62 355
209, 515
185 839
4 003
71, 875
51 395
196, 125
175 764
3 946
74, 175
52 535
188, 653
168 670
5 102
' 75, 685 96, 215
77, 365
54 565 r 53 775
70 010
176, 821 ' 163, 922 159, 529
r
149
004
143
303
159 906
6 845
3 085
.343
.330
.358
.356
.356
.353
.349
.354
.351
34, 275
9,800
350,850
22, 490
8,200
306, 750
26, 130
8,800
273, 650
22, 320
5,750
212, 750
16 300
4 675
167, 750
11 550
3 200
134? 000
11 675
6 300
151 000
14 700
4 450
168 750
13 200
5 900
183 000
16 550
g' 500
241 000
10, 027
379, 100
8,309
454, 210
8,559
477, 812
6,758
484, 246
6,925
426 836
5,795
333 264
7,386
243 491
5,249
151 401
5,951
101 470
6,757
86 216
20, 232
14, 038
9,334
661, 728
1,109
' 12, 991 r 13, 326
7, 755
7,826
674, 661
668, 421
974
1,097
14, 462
4,720
586, 592
994
11, 536
3,884
593, 094
752
10, 202
9,207
r
47
99
35
188
47
175
43
286
342
890
24
r
745
10, 071
168, 923
242
1,397
240
1,394
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t _ _
thous. of lb__ 112, 525
6,318
Stocks, cold storage, end of month
-do
.616
Price, wholesale, 92-score (New York)_dol. per lb_Cheese:
94, 375
Production (factory), total t _ _
thous. of lb_~
70, 945
American whole milk J
do
120, 563
Stocks, cold storage, end of month, total
do_ _
105, 608
American whole milk
do
2,035
Imports
_
__do
Price, wholesale, American, single daisies (Chi.336
cago)
dol. per lb__
Condensed and evaporated milk:
Production: J
Condensed (sweetened):
15, 145
Bulk goods
thous. of lb__
14,100
Case goods
_
do
215, 750
Evaporated (unsweetened), case goods do
Stocks, manufacturers', case goods, end of month:
8,341
Condensed (sweetened)
-thous. of lb__
177, 077
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
11, 021
21,688
Evaporated (unsweetened) ._
__do
Prices, wholesale, U. S. average:
9 10
Condensed (sweetened)
dol per case
5.45
Evaporated (unsweetened) _.
_do
Fluid milk:
9,616
Production
mil of Ib
Utilization in mfd. dairy products
do
3,833
4.89
Price, dealers', standard grade
dol. per 100 lb_Dry milk:
Production: J
11,150
Dry whole milk
thous. of Ib
Nonfat dry milk solids (human food)
do
80, 000
Stocks, manufacturers', end of month:
Dry whole milk
do
15,479
72, 785
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
_
do
4,616
8,288
Nonfat dry milk solids (human food)
do
Price wholesale, nonfat dry milk solids (human
.115
food), U. S. average
dol. perlb__
.337
.341
.352
r
r
97, 875
92, 886
.635
121, 750
94 178
.607
22, 910
12, 000
266, 250
39, 450
10, 300
361, 150
9,290
189, 735
9,066
298, 661
9,901
20, 971
7,657
24, 517
8,903
24, 391
6,205
22, 967
4,500
11, 209
5,692
12,368
1,846
18 257
1 618
14 862
2,221
15 351
2 858
13 120
2 869
14 306
9 10
5.18
9 10
5.05
9 10
5.09
9.10
5.12
9.10
5.11
9 10
5.08
9 10
5 08
9 10
5 09
9 10
5 09
9 10
5 10
9 10
5 10
9 10
5 10
10 324
4,394
4.67
12 069
5,640
4.58
12 372
5,482
4.56
11 559
4,828
4.61
10 574
4 475
4.66
9 427
3 862
4.71
9 056
3' 395
4.74
8 451
2 943
4.75
8 622
3 144
4.75
9 046
3 321
4.66
r 3' 9(53
8 671
4.63
9 QQfi
4111
4.58
12, 275
98, 350
13, 715
122, 400
12, 225
112, 200
12, 620
88, 360
10, 890
76, 750
10 725
63, 050
9 150
54, 150
7 410
49, 000
10 300
58, 700
9 091
64, 850
8 135
65, 500
11 425
85, 100
14, 124
75, 436
16, 135
96, 275
17 377
105, 446
19, 059
98, 129
17 788
97, 201
18 271
80, 448
16 666
57, 026
14 180
47, 791
11 105
48, 722
9 710
43, 821
9 jg7
42, 213
51,619
6,666
26, 248
10, 014
16, 226
5,873
14, 042
5,587
2,857
7 336
20, 579
5, 449
44, 267
5 909
28, 897
4 383
2,814
5 906
7,326
5 408
7,653
3 654
6,775
.117
.118
.116
.117
.118
.121
.123
.122
.121
.117
.118
3,161
5,491
11,571
2,065
3,318
10, 210
1 776
1,294
10, 051
764
343
9,002
549
175
7,902
507
412
6,390
2 564
14, 777
4,790
6 419
35, 224
5,521
4 707
33, 405
7,524
i 133 igi
4 036
25, 667
11, 373
19, 573
9,760
266, 581
237, 419
237, 856
255, 787
327, 090
339, 588
355, 552
342, 565
326, 934
300, 409
279, 255
r
206, 061
191, 666
186, 821
219, 515
237, 847
315 788
368 552
387 681
383 658
371 003
339 316
r
35, 867
26 059
22 999
24 226
12 045
14 641
19 864
18 602
17 411
i 401 962
16 542
~~~~
4.568
4.623
5.258
3. 546
3.287
3.498
J Revisions for January-September 1948 are available upon request.
3.236
2.873
3.601
4.134
3.719
f
9 71 Q
.117
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_ _
Shipments, carlot
no. of carloads
Stocks, cold storage, end of month__thous. of bu__
Citrus fruits, carlot shipments
no. of carloads..
Frozen fruits, stocks, cold storage, end of month
thous. of lb._
Frozen vegetables, stocks, cold storage, end of
month
__
_
_
thous. of Ib
Potatoes, white:
Production (crop estimate)
thous. of bu__
Shipments, carlot
no of carloads
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 Ibs.
r
Revised.
1
December 1 estimate.
4 901
T 12, 502
' 8, 613
o oqo
~
7,120
9,853
265, 204
254, 619
one 01 R
9fiQ fi^Q.
-
3.632
~- ~
4.473
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April 1950
1950
1949
March
April
May
June
July
August
September
October
December
January
February
49, 150
42, 726
33, 832
32, 632
i 238, 104
6,820
November
March
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu
Barley:
Production (crop estimate)
do
Receipts, principal markets
_do
Stocks, domestic, end of month:
Commercial
do
On firms
do
Exports, including malt
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu .
No. 3, straight..
_ _ _ _ _ _ d o _._
Corn:
Production (crop estimate)
mil of bu
Grindings, wet process
thous. of bu
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
mil of bu
Exports, including meal
thous. of bu
Prices, wholesale:
No. 3, white (Chicago)
dol. per bu_.
No. 3, yellow (Chicago)
do ..
Weighted average, 5 markets, all gradcs__do
Oats:
Production (crop estimate)
mil of bu
Receipts, principal markets
_ thous. of bu
Stocks, domestic, end of month:
Commercial
_
do
On farms
do
Exports, including oatmeal
-_ _ do Price, wholesale, No. 3, white (Chicago)
dol. per bu_Rice:
Production (crop estimate)
thous of bu
California:
Receipts, domestic, rough...
thous. o f l b _ _
Shipments from mills, milled rice
do. _ _
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of lb._
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills.thous. of bbl. (162 lb.)_
Shipments from mills, milled rice, thous. of l b _ Stocks, domestic, rough and cleaned (cleaned
basis), end of month
thous. of lb__
Exportsf
- _.
. - .- do
Imports
_.
do ._
Price, wholesale, head, clean (N. O.)_.dol. per lb_.
Rye:
Production (crop estimate)
thous ofbu
Receipts, principal markets
_
do
Stocks, commercial, domestic, end of month_do_.._
Price, wholesale, No. 2 (Minn.)
dol. per bu..
65, 849
Wheat flour:
Production:f
Flour
_ _
thous of sacks (100 Ib )
Operations, percent of capacity
Offal
short tons__
Grindings of wheatf
thous. of bu~
Stocks held by mills, end of month
thous. of sacks (100 lb.)~
Exports __ _
do _
Prices, wholesale:
Standard patents (Minneapolis)
dol. per sack (1001b.)~
Winter, straights (Kansas Citv)
do
47, 295
57, 458
44, 958
37, 905
46, 153
8,991
5,860
11, 906
19,312
24, 843
24, 940
14, 954
11, 003
9,015
9,491
10, 057
24, 659
33, 056
34, 109
1,636
4,199
6,410
33, 978
148 973
3,382
35, 942
1,390
14, 922
59, 308
2,111
1,888
1,468
32, 630
107 532
2,263
8-11
550
1.312
1.200
1.256
1.178
1.249
1.184
1.253
1.163
1.290
1.236
1.327
1.299
1.523
1.455
1.556
1.502
1.560
1.451
1.509
1.418
1.546
1.444
1.547
1.484
1.578
1.518
9,902
23, 694
8, 813
19, 646
8, 632
21, 198
8,910
21, 977
8,658
19,683
10, 637
22, 064
10, 501
23, 967
11,206
43, 947
10, 047
58, 975
!3 378
9, 554
33, 364
9,454
24, 678
9.446
17, 006
10 743
23, 470
25, 895
1, 797. 5
21, 267
15, 266
11, 589
5,711
46, 400
45,319
8,369
7,513
20, 238
51, 688
2 401 3
13, 470
47, 521
7,826
9, 614
708 4
7,116
20, 020
8, 209
10, 888
1, 255. 2
4,611
4,744
11,251
10, 080
8,628
47, 400
1 634 2
1.427
1.337
1.224
1.403
1.370
1.322
1.410
1. 358
1.279
(2)
1. 353
1.276
1.451
1.402
1 . 327
1.340
1.307
1.256
1.262
1.312
1.238
1.390
1. 152
1.134
1.308
1.157
1.142
1.450
1.296
1.248
1.440
1.291
1.249
1.441
1.297
1.261
8, 915
10, 175
9,874
13, 988
33, 804
24, 804
9,338
5,953
5,460
4,215
578, 832
1,392
3,635
4,129
17,745
30, 095
21,218
503
562
6,719
26, 706
1,053,296
1, 765
25, 254
1, 869
6, 167
270, 501
3,182
1,045
.753
.741
.701
.673
.638
.637
678
.687
1
1 323
7,163
4,349
5,806
6,738
30, 282
30, 454
28, 072
70 692
1.487
1. 337
1.305
6,862
4,670
7,660
16, 050
13, 130
2,430
19. 029
819 701
578
268
659
12, 099
481 216
.759
.762
.749
.769
.783
1
89 141
37, 216
19, 003
55, 691
61, 988
48, 913
30, 421
45, 785
26, 728
46, 994
31,908
68, 741
64, 909
48, 951
26, 998
236, 472
48, 435
39, 427
22, 610
65, 207
81, 654
32, 953
31, 183
45, 493
33, 990
83, 503
34, 770
59, 154
38, 289
37, 944
39, 358
35, 752
13, 806
16, 508
114,029
115, 691
81, 914
72, 043
62, 804
77, 368
841
141, 767
665
120, 202
412
134,241
377
132, 777
183
78, 233
781
81, 631
4,315
1 94, 961
4,188
265, 382
3, 703
226, 358
1, 596
262, 745
658
196, 778
480
92, 216
493
105, 130
332, 121
51,418
439
.093
286, 353
117,042
458
.092
202, 235
106, 781
809
.091
113, 173
60, 952
772
.089
57, 291
88, 768
909
.087
65, 554
40, 375
606
.084
316, 540
63,013
423
.071
452, 037
187 151
272
.082
417, 203
41, 146
206
.081
373, 464
300
8,280
1. 430
263
7, 643
1.343
323
7,321
1.393
18, 385
17, 347
19, 584
246 514
152 065
146, 506
199 613
189, 447
136 625
662? 938
180 659
r
r
489, 341
136, 669
310
.070
r
650, 284
109, 077
252
.077
r
566, 941
200, 905
716
.082
1
431
2,075
1.352
3,348
3,618
1.361
727
2,732
1. 362
748
2,993
1.346
1,772
4,091
1.454
3,131
6,170
1.384
1,043
5,435
1.428
' 2, 194
5,401
1.465
5,071
10, 005
1.418
18 697
569
9,338
1.457
r
.080
1
27, 560
49, 082
r
64, 749
279, 444
130, 305
76, 031
50, 170
294, 748
55, 199
86, 400
234, 493
260, 412
162, 524
1,159,159
261 109
118, 551
89, 097
116, 806
114, 242
70, 146
307, 347
128, 158
29, 81 2
23, 020
46, 555
40, 617
75, 859
32, 361
67, 172
' 36, 668
30, 313
31,796
24, 789
37, 369
34, 230
282, 881
133 688
472 209
33, 495
30 082
2.348
2.241
2.329
2.278
2.342
2. 260
2.366
2.285
2.328
2.221
2.344
2.254
2.367
1.951
1.828
2.160
2.379
2.004
1.872
2.096
2.285
2.060
1.865
2.185
20, 391
64.1
392, 149
46, 910
17, 187
56.3
333,615
39, 581
17, 333
59.2
337, 890
39, 990
20, 116
66.1
390, 721
46, 344
18, 994
65.3
380, 597
44, 222
' o, 488
3,041
3,044
2, 623
4, 506
2,727
5.400
5.106
5.269
4.980
5.255
4.938
5.512
4.869
r
27, 586
1, 146 5
i 244 8
i 901 7
24, 296
18, 492
r 249, 992
176, 459
165 267
244, 664
227 502
165 657
r 909 226
219 038
26, 589
22, 693
24, 067
20 482
T
237 304
r 117 g^g
327 230
26, 094
21 655
21,996
18 055
22, 601
19 240
2.374
2 152
2 013
2.253
2.431
2. 188
2 083
2.282
2.395
2 202
2 161
2.274
2.375
2 221
2 200
2. 269
2. 366
2 223
2 218
2.259
2.328
2 ?24
2 158
2.253
2.358
2 272
2 290
2.300
19 957
63 5
405, 071
46, 561
20 357
70 2
413, 639
47, 541
20 895
69 0
424, 907
48, 740
19 221
68 9
389, 304
44, 852
18 679
61 8
378, 385
43, 542
19 165
65 9
384, 792
44, 576
17
705
r
66 0
355,951
r
41,172
20 043
63 6
402, 001
46, 596
3,007
1,347
4,757
1 465
1 672
1 539
4,948
1 905
1 69°
1 442
5.575
4.915
5.340
4.869
5.600
5.069
5.744
5 119
5.669
5. 1 1 5
5.605
R 128
5 IRS
5.715
5. 165
r
5.619
188 979
88 583
199 169
4 911
5.600
^ 9RQ
own steel and wooden bins; such data are not included in the break-down of stocks.
ersion factor supplied by the U. S. Department of Agriculture, which takes into acRevised data for January 1947 to July 1948 for wheat-flour production and grindings
TT
of wheat will be published later.
59, 048
11, 197
111,408
2, 864
Wheat:
Production (crop estimate), total
mil ofbu
Spring wheat
do
Winter wheat
do
36, 604
Receipts, principal markets
thous. of bu_Disappearance, domestic _
do. _ >• 282, 991
Stocks, end of month:
130, 737
Canada (Canadian wheat)
__ _ _ _ do_
United States, domestic, totaled
- - d o _ _ _ «• 585, 556
124, 656
Commercial
do
Interior mills, elevators, and warehouses
thous. of bu_ »• 148, 271
63, 229
Merchant mills
_
_
do
246, 024
On farms
do
39, 095
Exports, total, including
flour
do
32, 358
Wheat only.
___
__
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu._
No. 2, hard winter (Kansas City) _ __ do
No. 2, red winter (St. Louis) do. .
Weighted avg., 6 markets, all grades
do
45, 380
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-29
1950
1949
March
April
July
June
May
August
September
October
November
December
January
February
March
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally inspected) :
619
Calves
thous. of animals
1,102
Cattle
do
' 1, 897
Receipts, principal markets
do
126
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
24.14
Beef steers (Chicago)
dol. per 100 Ib
24. 37
Steers, stocker and feeder (Kansas City)^do
27.63
Calves vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
4,315
thous. of animals. _
' 2, 617
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
20.16
dol. per lOOlb..
Hog-corn ratio
16.9
bu. of com equal in value to 100 Ib. of live hog__
Sheep and lambs:
Slaughter (Federally inspected)
949
thous. of animals^
'852
Receipts, principal markets
_ _ _ _ do
61
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 l b _ _ 30.50
Lambs, feeder, good and choice (Omaha) _do
0)
562
996
510
533
501
1,733
1,025
1,827
1,095
1,896
1,090
1,833
164
549
1, 232
2,470
384
552
1.224
2,528
586
568
1,156
3,061
869
585
1,116
2,280
'432
511
1, 064
1, 676
198
465
1, 103
1, 839
133
443
939
1, 537
112
586
1,082
1, 715
141
24.20
23.66
27. 94
24.88
24.02
26.45
26.47
22.53
25.94
25.86
20.62
24.88
26.28
20.06
25.70
28. 11
19.74
27.25
28.93
20.57
27.15
28.21
21. 45
26.75
26.47
21.44
27.25
25.98
22.94
30.40
25. 58
24. 13
30.88
25. 90
25. 32
29.06
3,894
2,471
3,721
2,438
3,745
2,406
3,165
2,072
3,417
2,314
3,879
2,395
4,959
3,055
6, 003
3,618
6,477
3,813
5,844
3,712
4,191
2 691
5,020
3,058
18.32
18.49
19.08
18.23
19.09
19.74
17.87
15.87
15.05
15.23
16.55
16.13
15.2
14.7
15.5
15.4
16.4
17.2
16.1
15.3
13.1
13.1
14.3
13.5
676
824
63
761
1,243
163
898
1,164
138
976
1,202
144
1,126
1, 650
335
1,180
1, 932
534
1,172
2,054
572
1,060
1,296
212
1,058
1,139
71
1,077
1,206
115
863
931
112
939
979
101
29.50
0)
29.25
0)
27.12
0)
24.50
0)
23.62
22.66
23.00
23.21
23. 75
23.28
23.38
23.25
22.38
22.88
24.00
23.64
26.12
25.12
27. 62
26. 59
1,519
1,018
69
1,353
930
1,362
••799
1,438
716
97
1,358
643
65
1,441
520
46
1,436
411
45
1,564
409
41
1, 763
532
58
1,864
799
69
1,793
943
55
1, 356
'897
78
1,585
868
664, 174
143, 137
1,709
606, 020
119,431
2,388
623, 536
94, 035
1,302
645, 249
81,148
1,227
638, 252
75, 627
1,482
716, 737
72, 053
2,511
698, 993
71,475
2, 200
660, 890
78. 763
1,070
640, 589
103, 582
1, 167
616. 302
136, 903
2,569
642, 167
143, 599
1,118
100
92
140
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil. of l b _ _ _
Stocks cold storage, end of month
do
Exports
- - - - do_ _
Beef and veal:
Production (inspected slaughter)
thous. of lb__
Stocks cold storage end of month
do
Exports
do^_
Price, wholesale, beef, fresh, steer carcasses, good
(600-700 Ibs ) (New York)
___ dol. per lb_
Lamb and mutton:
Production (inspected slaughter)
thous. o f l b _ »
Stocks, cold storage, end of month
.
do
Pork, including lard, production (inspected
slaughter)
thous. of Ib
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Exports
do
Prices, wholesale:
ITams smoked (Chicago)
dol. per Ib
Fresh loins, 8-10 Ib. average (New York) _ do
Miscellaneous meats and meat products, stocks, cold
storage, end of month:
Edible offal
thous. of l b _ _
Canned meats and sausage and sausage-room
products
thous of Ib
Lard:
Production (inspected slaughter)
do
Stocks, cold storage, e n d o f month _ _ _ _ _ d o
Exports
do
Price, wholesale, refined (Chicago) ___dol. per l b _ _
104
77
554, 425
' 123, 281
1,078
644, 109
112, 280
.392
.404
.410
.433
.431
.438
.464
.476
.476
.445
.438
43, 156
14, 268
30, 761
9,864
33, 561
7,007
37, 427
6,761
40, 975
6, 651
48, 257
6,869
50, 414
7, 268
51, 338
8,222
47, 893
10, 534
48, 992
13,811
51,344
14, 332
811, 293
715, 895
704, 543
754, 870
678, 466
675, 735
686, 365
851, 970 1,074,324 1,198,884 1,099,016
593. 593
586, 429
2,943
527, 859
545, 231
3,866
517,974
466, 108
5,855
556, 838
419, 590
495, 142
367, 043
6,102
500, 186
283,178
6,749
518, 143
204, 078
4, 342
634, 343
209, 687
2,479
801, 460
297, 205
2,711
880, 945
473, 741
6,576
804, 033
582, 737
4,017
.570
.502
.550
.518
.520
.515
.556
.533
.586
.546
.613
.558
.569
.551
.489
.453
.468
.386
.469
.351
.489
.368
61, 269
58, 535
54, 707
55, 322
56, 671
54, 958
51, 245
47, 642
51, 174
62, 163
63, 173
T
56, 670
54, 842
55, 683
58, 348
50, 941
49, 570
41,209
34,310
27, 374
26, 094
30, 014
38, 186
45, 984
r 49 457
55, 082
159, 474
156, 782
55, 604
.152
137, 441
138, 216
92, 304
.136
136, 470
125, 823
63, 282
.147
144, 798
103, 890
76, 508
.136
134,178
96, 255
52, 293
.132
128, 257
68,819
29, 407
.166
122,743
48, 768
32, 682
.152
158, 861
38, 320
31, 503
.158
199, 237
39, 808
49, 467
.130
r
232, 483
73, 995
54,311
.128
215, 492
92, 949
45, 770
.129
146 905
81 174
68 583
.129
167, 713
87, 900
24, 937
108, 732
.353
26, 798
89, 205
.339
31, 644
77, 823
.298
38, 054
74, 733
.268
34, 769
71,261
.241
38, 991
83, 466
.260
49, 399
132,380
.238
58, 185
211,517
.236
82, 866
267, 508
.217
73, 034
292, 513
.213
34, 859
295, 736
.204
28, 604
260, 523
.223
27, 462
212 678
.239
* 6, 143
r 14, 310
6,105
13, 285
5,845
7,875
4,905
7,640
4,334
6,118
3,853
3,963
3,576
1,778
3,749
933
3,851
1,207
4,499
8,579
5 147
3, 239
5 217
6, 257
6 429
10, 082
530
77, 319
954
107, 058
1,943
141, 361
2,290
166, 582
1 , 936
168, 394
1,426
146, 868
810
121,476
501
96, 382
250
72, 556
110
53, 902
380
55, 052
' 735
73 159
1, 253
115 320
.451
.483
.483
.493
.533
.559
.628
.564
.527
.381
.323
' 11, 925
.430
.433
42, 392
' 13, 062
45.917
10, 897
759. 390
894, 965
558, f>f)4
573, 108
4, 179
664, 957
546, 744
r
.495
.430
r
. 485
.409
.132
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of lb._
Stocks cold storage end of month
do _
Price, wholesale, iive fowls (Chicago) -dol. per lb__
Eggs:
Production farm
millions
Dried egg production,
thous. of lb__
Stocks, cold storage, end of month:
Shell
thous . of cases. Frozen
- thous. of Ib
Price, wholesale, extras, large (Chicago) f
dol. per doz._
r
r
.327
.358
53, 018
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers
thous. of dol._
Cocoa:
Imports
long tons
Price, wholesale, Accra (New York)__dol. perlb.^
Coffee:
Clearances from Brazil, total
thous. of bags__
To United States
_.
._ do. _
Visible supply, United States
_clo
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb__
Jish:
Landings, fresh fish, 5 ports
thous. of lb_.
Stocks. cold storaee. end of month
do
55, 507
43, 851
34, 642
36, 028
25, 580
40, 928
66, 713
69, 382
65, 913
52, 730
51, 675
49, 091
44, 434
.185
26, 698
.199
24, 963
.190
32, 103
.187
21, 845
.211
22, 119
.226
11, 253
.200
9,936
.205
21,019
.246
30 461
.259
23 512
.272
42 469
.251
1,488
1,058
1,127
2,086
1,294
811
906
1,782
1,572
942
796
1,477
1,326
906
808
1,685
1,672
933
859
1,688
1,868
1,129
796
1,604
2,332
1,403
798
1,932
1,945
1,280
763
1,853
2,185
1,507
850
2,016
1,439
874
992
2,247
1,093
699
868
2 070
779
519
928
1 574
1, 286
727
949
.228
.265
.261
.270
.272
.277
.284
.302
.355
.496
.490
.496
'.485
.471
40, 705
82, 722
49, 613
74, 940
69, 890
91. 453
71,117
114, 031
66, 145
127.217
77, 219
146, 344
64, 091
150. 608
55, 030
156. 077
42, 129
158. 719
31,246
146. 813
1 25. 51 6
105.818
H7 133
' Revised. ! No quotation.
fRevised series. U. S. Department of Agriculture data replace the series for U. S. standards published prior to the October 1949 issue of the SURVEY. Data for September 1944 to July
1948 are available upon request.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Sugar:
Cuban stocks, raw, end of month
' 2, 569
thous. of Spanish tons__
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
short tons _
C)
Entries from off-shore
__ _
do _. 681, 532
225, 273
Hawaii and Puerto Rico
do
r
621, 251
Deliveries, total
_
do
f 615,
055
For domestic consumption _ _ _ _ . do
r
6, 196
For export
do _
Stocks, raw and refined, end of month
thous. of short tons.. ' 1, 443
3,657
Exports, refined sugar
short tons
Imports:
386, 786
Raw sugar total
do
329, 913
From Cuba
do
51, 964
From Philippine Islandscf1
do
68, 585
Refined sugar total
do
68, 147
From Cuba
do
Price (New York):
.057
Raw, wholesale
dol. per lb._
Refined:
.093
Retail
do
.078
Wholesale
do _
8,128
Tea imports
thous oflb
TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stock, dealers' and manufacturers', end of quarter,
total
mil of Ib
Domestic:
Cijjar leaf
do
Air-cured, fire-cured, flue-cured, and miscelForeign grown:
jg
-p>
,
t/cl
_
-—pi fi-prt prnn and <?tpm<?
Imports including scrap and stems
thous oflb
do
Manufactured products:
Chewing plug and twist
do
Smoking
- _ do. _
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
- - millions.
Tax-paid
do
Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
thous. of lb__
Exports cigarettes
millions
Price, wholesale (composite), cigarettes, f. o. b .,
destination.
dol. perthous__
3,728
3,678
3,215
0)
567, 829
236, 686
537, 449
535, 102
2,347
0)
577, 439
156, 084
608, 479
604, 698
3,781
509, 595
123, 322
792, 936
789, 878
3,058
1,525
2,785
1,492
1,863
318, 647
264, 133
52, 845
42, 328
41, 820
2,022
1,668
1,021
707
397
423
1,423
2, 878
471, 237
84, 350
747, 453
743, 698
3,755
43, 899
642, 038
132, 227
924, 533
921, 391
3,242
116, 207
391, 859
165, 441
733, 977
733, 920
4,057
548, 576
402, 253
133, 168
523, 702
519, 358
4,344
766, 441
252, 307
99, 018
539, 902
537, 257
2,645
418, 627
306, 744
309, 803
527, 904
525, 835
2,069
72, 870
404, 682
174, 121
511, 962
508, 537
3,425
31, 605
379, 389
119, 554
503, 096
501, 508
1, 588
24 381
584 423
148 180
620, 674
618, 495
2,179
1,252
1,997
956
1,879
617
2,379
404
2,403
879
1,475
1,446
1,133
1,708
977
1,625
1,695
1,525
693
1,564
382, 265
267, 999
114, 266
25,613
25,563
346, 792
253, 348
88, 409
38, 430
36, 555
342, 089
232, 097
104, 072
23, 401
23, 398
342, 392
272, 690
61, 901
28, 259
23,684
243, 822
225, 129
5,581
28, 272
28, 259
250, 846
242, 278
1,416
27, 763
26, 639
197, 959
190, 878
7,076
24, 521
24, 511
66, 038
66,011
0
50
0
139, 962
125,411
6,238
18, 855
18, 844
233. 873
201, 313
32, 505
37, 980
37, 789
.056
.058
.059
.058
.059
.060
.060
.059
.057
.058
.056
.055
.093
.079
9,774
.093
.078
7,465
.093
.078
8,485
.093
.077
6,129
.093
.077
7,877
.093
.077
8,443
.093
.079
7,702
.093
.079
9,327
.093
.079
6,289
2.462
.079
7,628
2.461
.077
7,943
2.456
.076
0)
2,599
0)
31,990
3 851
3,509
3,690
3,879
345
367
330
316
402
3 350
2,970
3,206
3,403
3 371
22
134
61,963
9,088
20
134
76, 768
7,483
16, 625
6,918
7,311
2,396
22, 986
8,839
10, 308
3,838
22, 565
8,345
10, 579
3,641
22, 434
7,774
10, 997
3,664
3,236
32, 849
519, 509
2,155
25, 806
422, 496
3,041
35, 347
516, 208
2,680
31, 743
532, 446
20, 362
1,937
20, 583
1,611
16, 625
1,449
22, 869
1,476
6.862
6.862
6.862
6.862
23
149
25, 155
9,267
22, 249
6,906
20,400
7,521
33, 402
r
8, 218
30, 563
6,606
20, 880
7,618
9,567
3,695
18,729
6,940
8,535
3,254
20, 591
7,226
10, 120
3,246
21, 740
8,558
9,747
3,435
-3, 168
31, 448
457, 149
3,568
27, 307
428, 452
3,172
30, 691
428, 357
20, 490
1,649
18, 392
2,446
6,862
6.862
r
r
3 307
19
141
50, 151
4,758
16, 052
8,184
19,049
6,368
19, 675
7,072
9, 055
3,547
17,119
6,643
6,971
3,505
18, 982
7,566
8,483
2,933
17, 867
7,023
7,919
2,925
2,777
29, 194
534, 274
2,215
29, 657
508, 626
2,432
24, 776
386, 169
1,973
29, 290
424, 088
2.178
25, 645
415, 318
2,146
32, 036
453, 631
23, 674
1,720
21, 975
1,523
19,324
1,341
16, 556
1,893
19, 286
903
17, 354
969
21, 941
6.862
6.862
6.862
6.862
6.862
6.862
6,862
' 56, 720 r 37, 675
7,261 * 6,903
19
152
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins
thous of Ib
Calf and kip skins
thous. of pieces
Cattle hides
do
Goatskins
do _.
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins, packers', 8 to 15 Ib .
___dol. per lb_.
Hides steer, packers', heavy, native
_do
LEATHER
Production:
Calf and kip
thous of skins
Cattle hide
thous. of hides
Goat and kid
thous of skins
Sheep and lamb
do
Exports:
Sole leather:
Bends backs and sides
thous of Ib
Offal including belting offal
do
TJoDer leather
thous of so ft
Prices, wholesale:
Sole, bends, steer, f. o. b. tannery
dol. per lb__
Chrome calf, black, B grade, composite
dol. per sq. ft__
10, 281
67
65
3,221
991
10, 714
58
85
3,294
1,477
15, 302
47
53
3,631
2,629
11,942
44
103
4,005
965
14, 082
23
27
3,319
2,726
16, 951
118
35
2,657
4,076
15, 569
145
41
2,312
3,276
16, 028
120
47
2,771
2, 571
16, 499
116
77
2,688
2,723
18, 503
110
172
3,041
1,811
23, 838
276
356
2,924
2,335
20. 406
251
160
3.752
1,381
.421
.209
.422
.200
.414
.213
.398
.214
.385
.209
.410
.238
.421
.246
.425
.244
.425
.245
.445
.232
.450
(4)
.425
.207
947
2,163
3,457
2,463
766
1,891
2,859
2,154
797
1,942
2,764
2,214
877
1,976
3,018
2,419
571
1,566
2,364
1,834
867
1,982
2,730
2,619
831
1,959
2,997
2,532
886
1,870
2,956
2,694
861
1,868
2,747
2,691
941
1,990
2,800
2,134
••925
' 1. 880
'3,016
2,193
885
1,955
2,960
2,675
189
704
6 035
6
185
3,329
56
151
3,113
93
116
3,203
87
106
2,906
70
73
3,462
92
49
2,886
60
41
3,938
9
6
2,882
25
31
4,016
5
10
3,246
57
21
2,802
.440
.213
.592
.578
.578
.568
.564
.555
.559
.559
.549
.549
.549
.539
.539
1.030
1.025
1.023
1.024
1.016
.975
.977
.975
.975
.988
.991
.991
1.017
1 Corrected monthly figures are not available; January-July 1949 total (including revisions for January and February) is 218,055 short tons.
Price for 5 pounds; quotations formerly for 1-pound package.
December 1 estimate. * No quotation.
cf This series continues data in the 1942 STATISTICAL SUPPLEMENT to the SURVEY; there were no shipments for 1942 to 1947 except for January, February, and May 1942 (12,136,1,120, and
8,618 short tons, respectively). Data for January-July 1948 are shown on p. S-30 of the October 1949 SURVEY.
NOTE FOR LUMBER SERIES, p. S. 31.—Exports of sawmill products for 1948 have been adjusted to exclude box shocks, in accordance with the revised commodity classification effective
January 1949. Revisions for January-July 1948 are shown in a footnote on p. S-38 of the October 1949 SURVEY.
Revised data for January and February 1949, respectively, are as follows (millions of board feet): National Lumber Manufacturers Association,production—total, 2,372; 2,201; hardwoods
638; 486; softwoods, 1,734; 1,715; shipments—total, 2,333; 2,137; hardwoods, 580; 444; softwoods, 1,753; 1,693; stocks—total, 7,045; 7,109; hard woods, 2,083; 2,125; soft woods, 4,962; 4,984; West Coast
woods, orders, new, 744; 722; unfilled, 552; 624; production, 610; 671; shipments, 627; 650; stocks, 915; 937. Minor monthly revisions for total lumber (production, shipments, and stocks) and
West Coast woods (orders, production, shipments, and stocks) for 1946-48—since publication of the 1949 STATISTICAL SUPPLEMENT—are available upon request. Revised data for Western pine
for January 1947-March 1948 are shown in the above-mentioned note.
2
3
SURVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-31
1950
1949
March
April
May
June
July
August
September
October
November
December
33,490
34, 124
T
38, 696
39, 270
r
35, 822
36, 231
33, 170
2,651
33,264
3,023
January
February
March
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: §
Production, total
thous. of pairs. _
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs. _
By types of uppersrd*
All leather
do
Part leather and nonleather
__ do
By kinds:
Men's
do
Youths' and boys'
do
Women's
do
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear
_. do
Athletic
do
Other footwear
do
Exports
_
do
Prices, wholesale, factory, Goodyear welt, leather
sole:
Men's black calf oxford, plain toe_.dol. per pair..
Men's black calf oxford, tip toe
do
Women's black kid blucher oxford
do
44, 818
37, 626
35, 098
38,509
32, 987
44, 969
41,538
38,208
41, 266
34, 262
31, 429
34, 152
28, 845
38, 926
34, 858
31, 225
26,850
30,129
38, 037
3,183
31, 171
4,454
28,018
3,351
32, 622
5,911
26, 360
2,580
35, 630
3,405
32,293
2,660
29,474
1,802
25, 457
1,617
28, 281
1,834
9,623
1,407
20, 818
5,634
3,784
3,068
261
223
358
7,790
1,209
17, 537
4,497
3,229
2,931
216
217
393
7,283
1,217
16, 149
3, 956
2,824
3,212
246
211
323
8,431
1,639
16, 748
4,267
3,067
3,877
255
225
287
6,383
1,464
15, 234
3,541
2,223
3,706
221
215
334
8,702
1,797
20,791
4,782
2,854
5,476
306
261
527
8,409
1,710
18, 052
4,156
2,531
6,067
299
314
406
8,249
1,608
14, 818
3,941
2,609
6,379
304
300
409
7,205
1,131
12, 211
3,736
2,567
6,149
266
225
365
8,025
1 274
13 374
4,316
3 140
3,562
220
213
348
9.653
6.750
5.150
9.653
6.750
5.150
9.653
6.600
5.150
9.653
6.600
5.150
9.653
6.600
5.150
9.653
6.600
5.150
9.653
6.600
5.150
9.604
6.600
5.150
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.600
9.555
9.555
5.150
6 600
5.150
6 600
5.150
62,046
44, 529
173, 518
33, 746
167, 260
34, 469
166, 228
' 2, 953
'656
2,387
2,463
' 2, 983
'662
' 2, 321
2,633
' 2, 187
' 4, 694
30, 784
r
r
7,980
8 148
1 204
18 723
5,111
3 213
r I 207
17 974
r
5 134
'3 359
' 2 425
r
2,558
247
234
319
220
229
229
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products J
M bd. ft_.
Im ports total sawmill products
do
National Lumber Manufacturers Association:
Production totalt
mil. bd. ft_Hardwoodst
do__ Softwoods J
- do. _
Shipments, total t
do
Hardwoods J
do _
Softwoods^
do
Stocks, gross (mill and concentration yards), end
of month, total*
mil. bd. ft_.
Hard woods J
- do
Softwoods^
do_ __
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" x 16'
dol. per M bd. ft_.
Flooring, B and better, F. G., 1" x 4", R. L.
dol.perMbd.ft..
Southern pine:
Orders, new
mil. bd. ft
Orders, unfille'd, end of month
do
Production _
__ __
do
Shipments
do
Stocks, gross (mill and concentration yards), end
of month
mil. bd. ft
Exports, total sawmill products
M bd. ft..
Sawed timber
do
Boards, planks, scantlings, etc
do__
Prices, wholesale, composite:
Boards, No. 2 common, I" x 6" or 8" x 12'
dol.perMbd.ft..
Flooring, B and better, F. G., I" x 4" x 12-14'
dol. per M bd. ft_.
Western pine:
Orders, new
mil. bd. ft__
Orders, unfilled, end of month
do
Production^
-do _
Shipments};
do
Stocks, gross, mill , end of month
do. _
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
.dol. per M bd. ft__
West Coast woods:
Orders, newt
mil. bd. ft
Orders, unfilled, end of monthj
._,do
Production^do__
Shipmentst
.
. d o
Stocks, gross, mill, end of monthj
do
54, 161
123, 435
49, 838
103, 852
59, 784
117, 351
60,234
121, 115
44, 549
100, 173
61, 796
123, 729
' 2, 936
'459
' 2, 477
' 2, 863
'452
' 2, 411
' 3, 027
'514
' 2, 513
' 2, 963
'444
' 2, 519
' 2, 664
'497
' 2, 167
' 2, 608
'460
' 2, 148
'3,201
' 2, 220
' 2, 822
'454
' 2, 368
' 2, 842
'493
' 2, 349
'7 181
' 2, 189
' 4, 992
' 7, 161
' 2, 150
' 5, Oil
' 7, 234
' 2, 157
' 5, 077
' 7, 298
' 2, 227
' 5, 071
' 7, 354
' 2, 264
' 7, 409
28, 914
17, 407
11, 507
24, 145
11, 751
12, 394
29, 617
27, 606
9,681
17, 925
r 2. 819
'591
' 2, 228
r 2, 747
••527
4,307
25, 310
74, 533
146, 878
' 3, 049
'604
' 2, 445
' 3, 225
'606
' 2, 619
' 3, 087
'649
' 2, 438
' 3, 364
'732
'2,286
' 7, 324
' 2, 272
' 5, 052
'7,207
'6,881
' 5, 123
20,594
4,852
31, 062
42, 275
15, 742
25, 588
33, 221
24,305
5,008
19,297
63. 896
62. 720
62.720
62. 720
63. 210
64.484
66. 640
67.620
108. 780
105. 448
104. 860
102. 900
103. 635
105.840
765
374
701
763
711
304
760
781
627
253
756
678
714
291
703
676
802
397
667
696
749
361
766
785
1,623
1,650
9,104
8,269
1,621
1,602
2,178
6,091
~"
'5,090
5,474
9,054
68.310
68.310
68.310
67. 568
64.680
127. 958
122. 562
118.058
114.660
114. 660
114. 660
738
307
706
713
660
276
661
691
725
261
728
740
690
228
703
723
697
247
670
678
913
340
744
820
842
372
782
810
1,772
1,760
10, 202
1,732
1, 656
9,218
1,628
1,802
7,469
3,053
4,416
3,797
6,405
1,740
9,934
3,457
6,477
200, 847
' 3, 126
'564
' 2, 562
' 3, 210
'578
' 2, 632
'566
' 2, 635
' 3, 146
'544
' 2, 602
128. 700
11,390
4,330
7,060
52, 514
170,493
9,028
3,016
6,012
2,737
6,481
8,869
2,488
6,381
' 2, 270
' 4, 937
1,566
8,468
2,376
6,092
'2,623
7,884
22,900
1,545
9,226
3,298
5,928
601
1,862
3,091
669
2, 422
697
1,936
689
2,176
2,604
' 6, 851
' 2, 181
' 4, 670
7,028
2,478
4,550
6,976
2,390
4,586
18, 685
10, 916
11, 965
'2,297
3,882
14,803
7,925
2,791
5,134
633
1,754
2,865
3,343
739
6,277
1,960
4,317
5,379
6,586
4,437
6,479
2,688
6,416
64. 167
62.001
60.380
59.033
59. 479
61. 173
63.326
64.311
65.008
65. 467
65. 765
65. 618
65. 986
146. 650
144. 513
142. 865
139. 374
139.200
136. 484
138. 542
139. 583
140. 256
140. 256
141. 114
139. 472
139. 410
457
466
381
400
1,529
545
492
579
523
1,586
568
498
619
561
1,644
684
539
712
643
1,713
643
607
628
578
1,763
673
629
721
655
1,829
693
699
637
626
1,840
643
734
617
610
1,847
630
759
563
627
1,724
624
767
477
569
1,632
461
757
264
405
1,491
467
755
326
439
1,377
584
763
477
582
1, 272
67.48
66.80
65.84
65.20
62.54
59.21
57.02
57.56
58.00
59.18
60.37
61.26
62.72
'895
'656
'885
'864
'958
'820
'592
'864
'884
'938
'774
'511
'858
'854
'942
'772
'397
'821
'887
'876
'743
'469
'638
'671
'843
'931
'555
'873
'846
'870
'954
'595
'855
'913
'811
'926
'620
'852
'902
'761
884
575
838
929
671
'788
'520
'830
'842
'659
919
800
575
636
567
748
848
644
796
766
995
807
921
968
727
176,061
179,021
153, 516
158, 279
76, 148
154, 677
152, 137
77, 811
151, 386
160, 856
68, 742
102, 578
96,538
169, 274
172, 478
59, 756
168, 747
169, 832
176, 197
178, 764
176, 501
180, 945
51, 316
179,876
186,030
44,941
175, 484
168, 635
55, 268
177, 577
177, 905
55, 322
235, 291
237, 000
SOFTWOOD PLYWOOD
Production. __ thous. of sq. ft., $i" equivalent
Shipments
do
Stocks, end of month. _
do
81, 526
62,947
58,881
55,984
r
r
r
53,361
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
_M bd. ft._
5,000
3,950
3,400
4,299
4,300
4,275
4,200
4,800
5,275
4,525
4,325
5,400
7,150
7,325
7,575
8,500
6,872
Orders, unfilled, end of month
do
6,600
6,875
6,300
7,125
6,850
7,225
8,250
5,900
9,850
4,175
4,275
Production
.. __ do
5,000
5,246
4,325
4,650
4,900
4,375
4,125
4,175
4,225
4,450
4, 850
3,675
5,200
3,950
4, 651
Shipments
do
4,000
3,950
4,550
4,575
4,200
4,225
4,450
4,250
5,450
7,725
Stocks, mill, end of month
do
8,550
8,000
8,843
9,300
10, 150
9,700
10,000
9,650
10, 025
9,650
9,925
9,054
' Revised.
§1948 data for production of shoes and slippers hjive been revised; revi sions Janustry-July ar e shown in the Septe mber 1949 ISURVEY on p. S-31.
cfThe figures include a comparatively small nu tnber of "o ther footwiiar" which is not shown separal ely from s hoes, sand*Us, etc., in the distrilmtion by t ypes of up pers; there are further
small differences between the sum of the figures am1 the totals for shoes, sandals, aiad play sh oes, becaus e the latter, and also the distril ution by h inds, inclu de small rejvisions no t available
by types of uppers.
JSee note at the bottom of p S-30ofth is issue reg arding revised lumber• series.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
June
May
July
August
September
November
December
January
74, 615
55, 715
72, 953
74, 818
44, 201
71, 891
61, 488
69, 066
66, 118
47, 149
85, 965
75, 816
71, 038
71 637
45, 612
91, 090
95, 627
68, 334
71 297
41, 201
372, 573
255, 787
187, 451
20, 319
18, 189
17, 557
' 25, 247 ' 62, 358 «• 62, 501
18, 930
17, 086
11, 924
298, 605
13, 552
f 69, 136
33, 468
279, 565
14, 603
51, 136
5,320
2,824
2,496
5,495
2,956
5 084
5,400
3,603
1,693
5,718
1,642
3,804
4,076
709
1,591
2,049
October
February
March
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING— Continued
Oak:
Orders, new
Orders, unfilled, end of month.
Production
Shipments
Stocks, mill, end of month
M bd. ft__
do
do
do
do
61, 264
34, 744
65, 504
64, 869
58, 786
54,156
34, 933
61, 441
60, 360
59, 867
58, 749
31, 879
64, 409
61, 803
62, 473
56, 876
31, 908
66, 584
62, 825
66, 232
62, 722
30, 229
58, 250
61, 691
62, 791
78, 066
35, 029
70, 606
73, 266
57, 135
87, 382
47, 846
71, 309
74, 565
53, 879
85, 525
55, 918
72, 162
77, 453
47, 202
93, 988
102, 330
81,049
87, 285
34, 965
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, total
_ .short tons. _
Scrap
do
Imports, total.
_do
Scrap
do
565, 170
457, 018
12, 794
33, 247
304, 844 «• 170, 079
239, 226
118, 839
553, 244
52, 408
161, 725
127,675
599, 093
50, 866
109, 133
507, 212
23,210
91,838
' 55, 745
52, 359
4,398
2,500
3,800
509, 644
27, 342
50, 667
43, 207
521, 543
22, 423
19, 327
5,618
4, 756
4,631
3,606
Iron and Steel Scrap
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_.
5,925
2,976
2,949
5,842
1,466
4,376
5,223
2,722
4,968
2,719
2,501
5,771
1, 555
4,216
2,249
5,745
9,889
11, 865
12, 549
1,626
4,119
1,898
5,824
1,751
2,241
1,559
5,748
1,820
4,073
3,928
12, 923
13, 750
7,112
12, 757
13, 696
6,172
2,747
2,009
5,351
1,789
2,658
1,973
4,824
1,664
765
899
5,340
3,401
1,795
1,606
5,497
3,563
1,531
3,293
1,737
11, 986
12, 582
fi, 576
10, 164
10, 421
5,319
4,456
2 079
2,816
1,649
4,407
5,575
11,315
1,575
877
47, 017
39, 585
1,103
3 520
44, 786
37 848
38, 629
32, 544
1,025
9,461
5,541
45, 356
39, 346
6,010
968
654
348
2 539
1,548
3,852
2,677
2 407
5,154
1,468
3,686
Ore
Iron ore:
All districts:
Production
thous. of long tons. _
Shipments
do
Stocks, end of month
_do
X-ake Superior district:
Shipments from upper lake ports
do
Consumption by furnaces
do
Stocks, end of month, total
do__
At furnaces
do
On Lake Erie docks _
do
Imports
do
Manganese ore, imports (manganese content)
thous. of long tons..
4, 335
2,799
9,643
499
10, 910
8,623
8,868
7,322
7,939
2,777
1 524
6,831
o
2,492
1,245
8,077
11, 656
12, 162
12, 768
17, 803
15, 770
21, 508
19, 273
27, 696
24, 957
560
650
642
35, 064
31, 493
3,571
946
48
38
37
60
42
46
50
44
60
80
47
55
1,639
1,075
567
1,446
929
467
1,243
867
439
1,087
906
455
1,032
697
342
1,048
872
446
980
881
459
955
716
398
939
719
395
892
862
440
914
913
450
873
864
417
922
996
500
22, 204
102, 379
72, 052
38, 143
24, 307
94, 958
61, 329
31, 728
11, 629
78, 944
54, 572
27, 643
23, 560
69, 865
59, 597
32, 639
24, 147
70, 796
44, 360
23, 216
20, 861
61, 330
58, 121
30, 327
26, 828
57, 512
60, 488
30, 646
25, 392
54, 322
57, 150
28,582
26, 723
55, 795
49, 439
25 250
34, 719
60, 835
57, 379
29 679
34 390
62, 307
62 874
32 918
35, 991
67, 049
60, 386
31 249
41 456
69, 866
66, 259
38 639
5,820
5,771
5,531
5,517
4,819
4,173
4,477
4,604
4,350
4,495
612
753
2,722
2,773
5,231
5,215
5 294
5 285
4,357
4 173
4 601
7,735
17, 308
15, 050
2,258
386
2,033
7,277
2,235
6,249
2,739
5,258
5,711
40, 811
36, 084
4,728
7,432
461
6,939
171
6,760
6,085
6
32
26
5
740
004
710
294
601
0
5,329
26, 745
22 103
4,642
0
5 948
20, 865
16 829
4,035
509
Pig Iron and Iron Manufactures
Castings, gray iron:
Unfilled, orders for sale _
thous. of short tons
Shipments, total
_do__.
For sale_
do
Castings, malleable iron:
Orders, new, for sale
_
short tons
Orders, unfilled, for sale
do.
Shipments, total
_
do
For sale
do
Pig iron:
Production
thous. of short tons
Consumption
_
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons
Prices, wholesale:
Composite
dol. per long ton
Basic (furnace)
do. _
Foundry, No. 2, f. o. b. Neville Island
do
5,406
5,290
4,573
4,054
1,350
1,525
1,775
1,942
2,013
1,847
2,230
1,616
1,446
1,499
1 441
1,299
47.67
46.00
46.50
47.55
46.00
46.50
46.62
46.00
46.50
46.62
46.00
46.50
46.62
46.00
46.50
46.62
46.00
46.50
46.68
46.00
46.50
46.68
46.00
46.50
46.68
46.00
46.50
46.68
46.00
46.50
46 68
46 00
46.50
46.85
46.00
46.50
47.28
46.00
46.50
138, 889
102, 027
30, 313
119, 953
83, 277
23,834
106, 178
75, 537
22, 165
116, 052
84, 112
26, 940
78, 710
50, 124
14, 625
89, 964
59, 412
13, 348
86 502
55, 853
11, 823
70 690
48, 263
8,964
76 437
50' 685
7 270
84 508
53 079
9 258
88 821
57 996
9 298
91 827
62 045
10 920
111 772
77 588
15 281
504, 142
410, 248
93, 894
120, 035
85, 986
34, 049
464, 782
379, 673
85, 109
104, 305
76, 116
28, 189
411, 601
338, 912
72, 689
91, 775
67, 580
24, 195
376, 761
310, 182
66, 579
100, 756
77, 877
22, 879
348, 239
293, 206
55, 033
70, 129
55, 072
15, 057
311, 923
257, 259
54, 664
95, 794
73, 630
22, 164
294, 240
250, 239
44, 001
88, 417
71, 781
16, 636
280, 291
231, 849
48, 442
81, 278
65, 651
15, 627
286, 897
240 715
46, 182
72, 859
56 455
16, 404
307 656
263 816
43, 840
78, 266
61 765
16, 501
327 035
280 023
47 012
92 994
73 458
19, 536
340 955
294 251
46 704
92 547
73 440
19, 107
8,388
7,785
7,590
6,498
5,779
6,590
71
6,715
82
84
925
11
4 216
53
7 717
95
7 930
94
6 793
89
Steel, Crude and Semimanufactures
Steel castings:
Shipments, total
short tons
For sale, total...
do
Railway specialties
do
Steel forgings, for sale:
Orders, unfilled, total
_
do
Drop and upset
do
Press and open hammer. _
_ _ _
do
Shipments, total
do
Drop and upset
do
Press and open hammer
do
Steel ingots and steel for castings:
Production
thous. of short tons
Percent of capacity}:
Prices, wholesale:
Composite, finished steel
dol. perlb._
Steel billets, rerolling (producing point)
dol. per long ton__
Structural steel (Pittsburgh)
dol. perlb..
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton. .
103
98
93
82
350
287
62
108
87
358
874
484
677
745
20,932
7 487
89
.0420
.0420
.0420
.0420
.0420
.0420
.0420
.0420
.0420
.0427
.0438
.0438
.0438
58.24
.0350
58.24
.0350
58.24
.0350
58.24
.0350
58.24
.0350
58.24
.0350
58.24
.0350
58.24
. 0350
58.24
.0350
58.80
.0363
59.36
.0375
59.36
.0375
59.36
.0375
37.25
26.60
23.25
23.00
21.00
21.00
27.75
29.38
31.38
31.00
30.00
31.63
31.60
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
5,197
7,693
6,693
5,645
6,200
5,401
5,815
Orders, unfilled, end of month
_ thousands. _
5,361
5,298
4,592
4 937
4 863
2,087
1,921
1,917
1,745
2,419
1,990
1,694
1,682
1,833
Shipments..
__ ._
do
1,956
1,635
1,758
22
32
29
34
33
28
30
Stocks, end of month
do
31
26
49
61
42
«• Revised.
JFor 1950, percent of capacity is calculated on annual capacity as of January 1,1950, of 99,392,800 tons of steel; 1949 data are based on capacity as of January 1,1949, 96,120,930 tons.
4 745
2,095
31
SUEVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-33
1950
1949
March
April
May
June
July
August
September
October
November
December
January
209, 187
136, 899
72, 288
176, 582
951
21, 365
February
March
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Continued
Cans, metal, shipments (in terms of steel consumed),
208, 188
total
short tons
131, 004
Food
do
77, 184
Nonfood
do
172, 320
Shipments for sale
do
905
Commercial closures, production
millions
Crowns, production
.thousand gross. . 25, 496
Steel products, net shipments:
6, 306
Total
thous of short tons
757
Bars, hot rolled — Carbon and alloy
do
150
Reinforcing-. _
_ _ _ do
308
Semimanufactures
do
721
Pipe and tubes
__•
do
684
Plates
do
207
Rails
-_ do
1,562
Sheets
do
170
gtrip—Cold rolled
. do
169
Hot rolled
do
394
Structural shapes, heavy
do
333
Tin plate and terneplate
do__ _
451
Wire and wire products
do
204, 353
126, 898
77, 455
169, 194
768
23, 408
230, 167
147, 808
82, 359
189, 024
737
23, 422
303, 921
208, 633
95, 288
259, 026
779
27, 559
314, 372
219, 067
95, 305
282, 977
746
26, 984
489, 794
383, 603
106, 191
444, 976
920
29, 709
416, 974
312, 538
104, 436
371, 691
910
25,511
285, 644
188, 092
97, 552
252, 522
874
19, 936
227,359
150, 987
76, 372
198, 034
811
19,554
219, 119
146, 653
72, 466
184, 918
831
16, 767
5,597
677
141
223
635
619
199
1,437
144
155
375
295
365
5,235
597
134
202
618
590
193
1,330
132
142
378
292
338
5,177
564
141
139
623
517
211
1,355
121
150
327
387
347
4,535
432
125
125
550
464
182
1,290
76
125
290
418
241
4,918
465
156
136
648
481
196
1,377
106
153
300
322
334
5,236
524
162
125
655
467
162
1,497
122
179
309
394
386
935
89
31
18
121
51
1
316
64
38
8
81
71
3,297
325
125
104
400
290
31
990
78
90
215
246
268
5,411
606
138
220
653
519
141
1,506
137
164
341
326
419
56, 909
182, 760
54, 184
262, 247
55, 777
182, 171
' 52, 001
276, 727
' 49, 742 45, 790
252, 431
245, 978
35, 865
243, 748
.0702
.0630
.0605
.0575
.0651
.0725
.0737
129.5
23.8
105. 7
73.1
..331
110.4
21.4
89.0
56.9
.295
103. 9
23.3
80.7
48.1
.276
90.4
18.6
71.7
42.8
.277
104.2
24.0
80.2
49.3
.282
123.4
27.6
95.8
65.3
.282
135.3
29.1
106.2
75.9
.282
72, 568
67, 343
61, 314
56, 735
55, 851
58, 013
91, 589
93, 873
76, 134
76, 494
11, 248
48, 487
27, 161
21, 326
.2145
81, 258
98, 139
32, 566
128, 441
14,910
46, 548
19, 044
27, 504
.1776
72, 051
92, 118
45, 653
166, 925
17, 066
46, 570
20, 221
26, 349
.1634
62, 449
85,638
45, 316
212, 817
10, 349
33, 829
14, 414
19, 415
.1706
62, 279
85, 577
90, 739
217, 167
8,695
45, 372
24, 372
21, 000
.1733
36, 979
38, 715
36, 731
38, 347
36, 069
36, 654
29, 778
32, 126
48, 957
16, 229
68, 353
51, 206
19, 060
90, 471
45, 455
29. 132
96, 367
38, 332
32, 562
91, 834
198, 831
121,680
77, 151
163, 562
908
22, 066
1,060
26, 281
5,483
620
122
228
671
456
151
1
1, 572
141
176
325
348
424
5,135
602
101
220
633
346
125
1 1, 502
141
167
309
329
408
5, 723
652
116
230
658
441
125
i 1, 719
151
182
331
363
464
41, 161
259, 203
52, 023
232, 813
50,443
142, 324
.0775
.0775
.0775
.0775
.0746
107.1
26.3
80.7
54.1
.286
119.8
26.8
93.1
61.2
.287
129.5
28.8
100.7
68.5
.287
140.2
28.9
111.3
77.0
.287
184. 9
35.8
149.0
107.4
.287
60, 108
62, 243
62, 565
71, 464
r
64, 870
79, 949
103, 115
193, 890
14,214
38, 177
15, 745
22, 432
.1733
69, 052
86, 882
108, 192
164, 464
9,388
37, 231
25,102
12, 129
.1733
80, 598
92, 602
117, 133
139, 199
13. 075
41, 786
21,811
19, 975
.1806
80, 390
94, 947
107, 662
116, 027
25, 049
59, 117
39, 274
19, 843
.1820
r 85, 626
95, 229
111, 668
101, 070
12, 165
56, 114
25, 647
30, 467
.1820
r
33, 852
32, 255
30, 549
30, 161
29, 734
29, 497
31, 186
36, 329
33, 868
37, 888
' 36, 007
35, 031
34, 526
36, 452
38, 457
37, 754
33, 581
75, 285
34, 928
28, 298
60, 208
46, 246
22. 695
64, 859
48, 500
36, 799
65, 065
48, 896
22, 738
70, 424
47, 512
25, 683
76, 529
41, 670
21, 855
79, 143
49,104
22, 358
88, 581
.1096
NONFERROUS METALS AND PRODUCTS
Aluminum:
r
54, 852
Production primary
short tons
254, 512
Imports bauxite
long tons
Price, wholesalo, scrap castings (N. Y.)
.0847
dol. per lb_.
Aluminum fabricated products, shipments, total
152.9
mil. of lbs_27.5
Castings.
_
do
125.4
Wrought products, total
do
92.4
Plate, sheet, and strip.
_ ___
do
.345
Brass sheets, wholesale price, mill
dol. per lb__
Copper:
Production:
Mine production, recoverable copper
77, 906
short tons_.
Crude (mine or smelter, including custom in97, 123
take)
short tons__
88, 165
Refined.
__ do
113, 154
Deliveries, refined, domestic
do
68, 450
Stocks, refined, end of month _ _ ._ _do
15, 415
Exports, refined and manufactures
do
64, 414
Imports total
do
31,822
TJnrefined including scrap
do
32, 592
Refined
do
.2318
Price, wholesale, electrolytic (N. Y.)__dol. per lb_.
Lead:
Ore (lead content):
39, 714
Mine production
short tons
43, 558
Receipts by smelters, domestic ore
_do
Refined (primary refineries) :
51, 373
Production!
__
do
26, 696
Shipments (domestic) f
do
53, 422
Stocks, end of monthf.
___ do
Price, wholesale, pig, desilverized (New York)
.1891
dol. per lb_.
Imports, total, except mfrs. (lead content)
32, 833
short tons_.
Tin:
3,382
Production, pig
long tons
4, 723
Consumption, pig
_
do
41,602
Stocks, pig, end of month, total §
do
27, 903
Qovernment§
do
13, 699
Industrial
do
Imports:
3,174
Ore (tin content)
do
8,795
Bars, blocks, pigs, etc
do
Price, wholesale, Straits (N. Y.)
dol. perlb._ 1. 0300
Zinc:
62, 049
Mine production of recoverable zinc, .short tons..
Slab zinc:
78, 121
Production
do
71, 017
Shipments, total
do
51, 381
Domestic
do
Stocks, end of month
do
28, 204
Price, wholesale, prime Western (St. Louis)
.1706
dol. per lb__
20, 613
Imports, total (zinc content)
short tons..
For smelting, refining, and export
do
4,090
For domestic consumption:
7,606
Ore (zinc content)
do
8,925
Blocks, pigs, etc
__
do
54, 076
180, 765
r
67, 296
80, 756
94, 036
112, 773
77, 472
20, 748
58, 049
36, 430
21, 619
.1820
75, 711
89, 952
113, 440
123. 030
60, 276
.1820
.1515
.1372
.1200
.1356
.1503
.1505
.1342
.1252
.1200
.1200
.1200
25, 870
48, 718
71, 661
9,300
30, 856
19, 240
28, 159
25, 951
27, 356
31, 286
33, 924
3,066
4,228
43, 322
31, 116
12, 206
3,241
4,186
41, 130
30, 550
10, 580
3,346
4,161
43, 431
33, 704
9,727
3, 129
3,990
40, 679
31, 146
9,533
3,307
5,045
31,416
21, 703
9,713
3,171
4, 852
30, 287
20, 873
9,414
3,246
2,411
32, 070
22, 403
9,667
3,313
3,925
35, 165
23, 129
12, 036
3,081
4,605
35, 777
22, 452
13, 325
2,987
4,941
2 39, 827
25, 991
13, 145
4,205
8,493
1. 0300
3, 764
4,210
1. 0300
2,108
4,049
1. 0300
2,210
3,318
1. 0300
2, 332
6,434
1. 0300
3,284
6, 458
1. 0209
4,899
7,558
.9572
4,122
4,881
.9119
1,793
2,915
.8300
6,153
7,409
. 7593
1,383
8,029
.7435
59, 185
55, 925
54, 271
40, 256
45, 068
41, 887
38, 823
40, 112
41,687
' 44, 113
46, 170
75, 921
53, 143
35, 948
50, 982
77, 537
52, 689
35, 564
75, 830
73, 989
66, 900
44, 820
82, 919
74, 569
72, 080
62, 443
85, 408
73, 819
74, 339
68, 659
84, 888
70, 368
70, 228
60, 371
85, 028
64, 399
51, 761
43, 998
97, 666
65, 055
73, 702
63, 859
89, 019
71, 327
66, 125
57, 801
94, 221
69, 948
82, 132
69, 020
82, 037
69, 639
84, 257
72, 843
67, 419
77, 946
85, 589
74, 700
59, 776
.1406
20, 066
5,447
.1188
36, 484
9,025
.0955
30, 534
6,873
.0936
21, 113
5,669
.1000
24, 756
3,839
.1001
23, 198
1,692
.0932
20, 507
1,109
.0975
28,454
935
.0975
21, 294
207
.0976
23, 157
60
.0975
30, 999
434
.0994
7,994
6,625
19, 868
7,591
15, 093
8,568
5,747
9,697
9,941
10, 976
8,265
13, 241
4,931
14,467
9,931
17, 588
7,106
13, 981
12, 491
10,606
15, 625
14, 940
7,127
100, 759
6,042
105, 574
8,528
112, 115
13, 155
109, 624
14, 265
101, 842
27, 270
89, 724
33, 839
74, 863
36, 989
61,511
25, 185
56. 796
15, 025
60, 117
10, 595
70,978
10, 534
79, 029
1,412
11, 896
1,305
13, 833
1,510
14, 803
2,221
13, 706
2,747
12, 068
4,130
10, 485
5,363
8,548
5,970
6,491
4,190
5,602
2,813
5,688
2,678
5.806
2,966
5,655
2
2,652
5, 131
43, 875
25,816
17, 104
.7569
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors^ cast iron:
Boilers (round and square) :
Shipments
thous. of lb_.
Stocks, end of month
_do
Radiation:
Shipments..
thous. of sq. ft_.
Stocks, end of month.
do
r
2
Revised.
1 Includes data for electrical strip.
Includes small amount not distributed.
.Government stocks represent those available for industrial use.
fRevised series. Data beginning 1949 have been revised to exclude figures for secondary refineries; revisions prior to 1949 will be published later. The production figures (corresponding to
those formerly designated as primary) include some secondary lead produced by primary refineries.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, ETC.—Continued
Boilers, range, shipments
number
Oil burners:
Orders, unfilled, end of month
do_ _Shipments
do
Sto cks , end o f month
do
Stoves and ranges, domestic cooking, exc. electric:
Shipments, total
number. .
Coal and wood
do
Gas (inc. bungalow and combination)
do
Kerosene, gasoline, and fuel oil __
do
Stoves, domestic heating, shipments, total___do
Coal and wood
__
_
do
Gas
do
TCerosene, gasoline, and fuel oil
do^
Warm-air furnaces (forced-air and gravity-air flow),
shipments, total
number
Gas
_
do_ _ _
Oil
do
Solid fuel
do
Water heaters, nonelectric, shipments
do
36,295
27, 799
24, 867
29,250
27, 587
39, 273
41, 492
44, 164
37, 937
41, 362
42, 101
54, 523
47, 673
25, 895
47, 112
51, 231
25,504
56, 430
51,388
34, 906
54,684
51, 210
46, 862
48,050
55,060
41,589
46, 910
60, 801
74, 116
42,004
65, 364
94, 805
35, 451
56, 518
96, 963
29, 014
47, 562
60, 342
32,785
44, 176
40 906
39, 130
41,206
36 650
40, 040
37, 347
36 814
42, 152
189, 388
17, 107
152, 217
20, 064
112, 212
11, 107
42, 038
59, 067
177, 962
12, 610
150, 737
14, 615
89, 125
12, 986
34, 354
41, 785
177, 292
10, 797
152, 382
14, 113
99, 691
17, 716
45, 821
36, 154
187, 294
10, 477
163, 115
13, 702
187, 626
42, 249
62, 692
82, 685
149, 399
11, 780
126, 619
11, 000
288, 102
75, 257
104, 603
108, 242
241, 977
17, 144
207, 521
17, 312
563, 694
146, 962
220, 861
195, 871
262, 193
18, 926
229,244
14, 023
734, 975
213, 955
263, 859
257, 161
291, 030
16, 718
257, 506
16, 806
666, 940
206, 025
263, 134
197, 781
269, 616
15 012
238, 780
15, 824
505, 989
140, 391
243 369
122, 229
204, 521
9 436
181, 112
13, 973
186, 219
45, 669
99 041
41, 509
192, 107
10 581
167, 221
14, 305
r
95, 908
12,088
r
48 215
r
35, 605
236, 828
11 933
209, 156
15, 739
93, 591
6,366
42 419
44, 806
41, 376
12, 146
10, 330
18, 900
133, 674
34, 595
12, 263
9,668
12,664
140, 597
42, 427
17, 131
12, 613
12, 683
150, 111
55, 857
24, 573
16, 820
14,464
165, 597
48, 551
20, 059
15, 237
13, 255
144, 701
84, 250
36, 492
26, 143
21, 615
180, 632
111, 582
48,235
30, 852
32, 495
191, 787
102, 989
44, 606
34, 676
23, 707
200,959
78,828
38, 472
24, 650
15, 706
184, 147
51, 766
25, 736
17,543
8,487
160, 785
39, 887
20.353
13, 696
5,838
164,863
45, 618
24, 582
14 248
6,788
185, 780
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders
thous. of dol
Unit heater group, new orders
do
Foundry equipment (new), new orders,
net
.
1937-39=100..
Furnaces, industrial, new orders:
Electric
thous of dol
Fuel-fired (except for hot rolling steel)*
do
Machine tools, shipments
1945-47=100..
Mechanical stokers, sales:
Classes 1, 2, and 3
number
Classes 4 and 5:
Number
Horsepower
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol
12, 672
6,549
15, 625
12 213
190.8
172.0
121.9
164.9
146.6
127.1
166.6
133.5
270.4
201.0
159. 3
113.1
225.2
436
305
75.8
543
323
74.7
762
438
72.8
196
257
79.0
329
594
60.7
210
706
67.3
318
589
67.6
565
269
62.3
293
516
67.6
281
719
75.7
473
1,914
52.8
697
616
r
56. 1
753
1,300
P 75.4
1, 854
r 1, 548
1, 560
' 2, 696
6, 681
f 4, 319
2 257
1 469
1 327
670
693
'138
49, 909
r 119
^ 38, 292
158
30, 910
••253
58, 142
268
50,693
'242
»• 41, 318
209
52 631
163
46 854
106
29 700
95
28 564
117
38, 915
3,593
2,699
2,775
3,019
3,358
3,767
2,914
2,539
2 525
2 560
2,587
2 938
3,313
499
685
1,059
1,637
2,648
2,786
2,573
2,132
1,694
1,467
"1,174
1,188
216
252, 656
192,500
220
222, 850
211, 700
197
207. 354
260, 700
210
161, 920
200,900
205
219, 909
323, 789
206
250, 036
357, 281
168
272, 520
333, 700
137
253 516
298, 700
••181
265, 513
237, 591
226
249,150
275,600
280
263, 515
343, 000
361, 014
423, 800
315
285
282
240
273
318
330
345
338
345
356
4,170
3,697
3,646
3,329
3,649
4,380
4,479
4,723
4,625
4,696
4,788
5,351
3,844
3,966
3,649
2,776
2,678
3,038
3,201
3,231
3,155
3,632
3,439
3,988
1,247
1,133
982
810
947
1,566
21, 931
17,566
13, 240
12,568
12,400
r
r
17, 033
11, 432
16,266
6,075
r
r
r
o QQO
••193
31, 992
r
4, 246
'345
' 66, 018
r
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
560
thousands ..
Domestic electrical appliances, sales billed:
245
Refrigerators, index
1936=100
309, 897
Vacuum cleaners, standard type _
number
242, 500
Washers
..do
Insulating materials and related products:
366
Insulating materials, sales billed, index 1936=100
Fiber products:
Laminated fiber products, shipments
4,702
thous. of dol. .
Vulcanized fiber:
4,324
Consumption of fiber paper
thous. of lb__
Shipments of vulcanized products
1,496
thous. of dol._
Steel conduit (rigid) and fittings, shipments
24, 590
short tons..
Motors and generators, quarterly:
262
New orders, index
1936=100
Polyphase induction motors, 1-200 hp.:0"
21,148
New orders
thous. of dol
22, 421
Billings
do
Direct current motors and generators, 1-200 hp.:d"
5,266
New orders
thous. of dol
5, 236
Billings
do
1,013
1,063
1,112
1,097
1,217
1,269
14, 992
17,683
12, 662
20, 946
15, 674
16, 100
240
224
232
18, 679
20, 542
17, 715
19, 655
18 521
17, 912
4,997
4,833
2,890
3,248
3 747
3 472
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
- _ thous. of short tons. _
Stocks in producers' storage yards, end of month
thous. of short tons..
Exports
do
Prices, composite, chestnut:
Retail
dol per short ton
Wholesale
do
Bituminous:
Production
thous. of short tons
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
1
2,373
3,722
4,403
3,403
3,921
3,707
2,112
4,975
4,653
2 746
2 914
2 581
4 882
442
301
573
424
584
617
450
610
661
358
879
382
601
399
724
510
1,138
421
975
277
658
149
358
201
183
20.59
16. 029
20.01
15. 695
19.44
15. 565
19 65
15. 615
19.75
15. 759
19 80
15. 814
20 08
16 102
20 36
16 165
20 49
16 185
20 49
16 190
20 51
16 190
20 51
16 190
20 62
16 577
33, 762
47, 425
47, 795
35, 476
27, 071
37, 615
19, 783
10 307
44 623
36 028
31 277
11 808
52 435
44,337
34, 553
695
8,513
666
7,347
6,565
849
9,918
9,784
37, 494
31, 363
995
8,253
649
6,330
6,121
714
8,301
6,131
34.764
29,718
825
8,305
670
6,142
5,892
621
7,263
5,046
32, 608
26, 891
417
7,523
633
6,338
5,274
559
6,147
5,717
29,884
25, 842
44
7,008
629
6,168
4,974
505
6,514
4,042
33, 591
28,005
79
7,384
641
6,732
5,133
551
7,485
5,586
36, 537
27,292
47
7,161
625
6,341
4,709
527
7,882
9,245
28, 068
21, 569
16
2,466
654
6,279
4,584
192
7,378
6,499
34, 948
26 343
52
5. 033
675
6,416
5 080
521
8,566
8.605
43, 036
31 436
112
7,960
725
7,206
5 665
722
9 046
11.600
41, 855
30 719
152
7,696
659
7,306
5 320
712
8 874
11. 136
' 34, 322
r 25 458
40, 043
30 018
402
7,144
565
6,900
5 522
745
8 740
10. 025
r 40
' 5, 714
579
6,397
4 119
649
7 960
8.864
Revised.
» Preliminary.
cTThe number of companies reporting beginning the second quarter of 1949 is as follows: Direct current, 28; polyphase induction, 32 in the second and third quarters, and 33 in the
fourth quarter.
*New series. Compiled by the Industrial Furnace Manufacturers Association, representing orders (less cancellations) for metallurgical and other purposes as reported by 24 to 28 companies.
Currently, the combined data for electric and fuel-fired furnaces account for about 80 percent of the industry total. Data prior to 1949 will be shown later.
SURVEY OF CUERENT BUSINESS
May 1950
S-35
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March
April
May
July
June
August
September
October
November
December
January
71
39
14
February
March
PETROLEUM, COAL, AND PRODUCTS—Continued
CO A L — Con ti nued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons__
Stocks, industrial and retail dealers', end of month,
total
_ _
thous. of short tonsIndustrial, total
do
Byproduct coke ovens
_
do _ _
Cement mills
do
Electric-power utilities
do
Railways (class I) _
do_. _
Steel and rolling mills
do
Other industrial
do
Retail dealers.
do
Exports
do
Prices, composite:
Retail
dol. per short ton
Wholesale:
Mine run
do
Prepared sizes
_
do
COKE
Production:
Beehive
thous. of short tons
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total __
do
At furnace plants
do
At merchant plants __
do
Petroleum coke
do
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton..
49
99
118
114
87
85
78
60, 511
59, 048
11, 452
22, 127
8,908
1,023
14, 554
1,463
2,016
65, 164
63, 066
12, 914
1,105
23, 499
9,296
1,160
15, 092
2,098
3,752
72, 755
70, 273
15, 870
1,433
25, 444
9,701
1,360
16, 465
2,482
4,827
74, 161
71, 351
15, 747
1,614
25, 607
9,818
1,376
17, 189
2,810
4,349
69, 119
66, 399
13, 896
1,469
25, 062
8,669
1,214
16, 089
2,720
1,923
68, 621
65, 776
13, 604
1, 454
25, 458
8,196
1 152
15 912
2 845
2 267
62, 064
59, 990
11, 903
1,422
24, 142
6,680
1 029
14 814
2 074
1 806
47, 165
45, 755
9,946
1,018
19, 706
4,170
16.04
15.84
15.51
15.52
15.53
15 54
15 69
8.778
9.237
8.570
9.029
8.539
8.921
8.518
8.929
8.531
8.945
8 515
8 964
8 580
9 060
984
444
639
5,958
5,761
5,798
5,242
4,911
276
261
323
282
302
1,313
1,474
1,015
1,748
1,182
1,705
1,077
1,906
1 077
458
198
34
566
227
53
629
228
79
830
241
63
14.500
14. 450
14. 250
13. 812
1,816
161,955
1,753
150, 354
1,805
154, 146
87
84
165, 919
154,223
85
269, 341
66, 203
187, 034
16, 104
272, 520
68, 331
188, 152
16, 037
952
361
174
42
534
270
54
1
1
45, 804
44 359
10, 060
1,001
18, 508
4,094
45, 111
43 721
9 893
1,063
17 794
3,849
37, 119
36 038
7,087
r
r
12
19
24, 583
24 118
r
3, 449
28, 054
26 89|3
4,848
877
528
553
15 066
3,010
11,055
2,093
11, 167
2,755
453
500
6 540
7 070
1 161
916
907
9 999
1,410
912
748
10 210
] 390
1 415
9 250
1 081
282
9 789
1 445
1 101
15 89
16 10
16 32
16 47
r is 51
8 667
9 463
i g 711
i 9 574
i g 767
i 9 732
r i 8 795
r
i 9 766
8 640
9. 358
1
1
465
197
557
16 66
1
1
8 861
9 792
4 952
g
34
26
1 727
3 471
80
104
5 138
5 538
3 956
267
5 358
304
293
280
264
2Q1
259
2 027
1 054
1 926
2 120
1 227
2 017
1 200
1 714
1 281
893
217
59
817
160
30
991
723
140
36
807
474
149
29
655
448
207
155
24
550
448
102
13. 850
25
47
29
973
250
38
973
952
236
43
13. 250
13. 250
13. 250
13. 250
13. 250
13. 250
13. 250
13. 250
2,133
147, 098
1,803
145, 818
84
1,847
148 192
1,984
148 206
85
1,826
154 908
1,980
156 285
1,877
155 754
1,806
152 590
1,671
139 073
161, 053
154, 861
160, 358
85
86
84
162, 485
86
162, 812
88
86
84
166, 568
158, 782
169, 723
169, 987
148, 837
273, 912
66, 799
190f 868
16, 245
274, 691
64, 040
194, 685
15, 966
267, 586
62, 793
188, 383
16, 410
260
60
183
15
251
58
177
15
250
58
175
16
256
59
180
16
253
60
177
15
246
61
169
16
243
59
167
15
254
4 979
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells com pleted
number. _
Production _ .
thous. of bbl
Refinery operations
percent of capacity _
Consumption (runs to stills)
thous. of bbl__
Stocks, end of month :cf
Gasoline-bearing in U. S., total
do
At refineries
do
At tank farms and in pipe lines
do___
On leases
do
585
760
849
976
689
244
571
874
809
653
984
172
010
835
086
089
356
405
049
902
610
195
217
198
750
q65
916
869
Exports
do
1,866
3,655
2,872
3,071
2,866
2 619
3 403
2 916
3 010
2 722
2 130
2 196
Imports
do
12, 013
11, 275
12, 522
12, 550
12, 706
11 964
11 647
13 699
14 998
16 537
13 983
ll' 891
Price (Kansas-Oklahoma) at wells. -dol. per bbl__
2.510
2.510
2.510
2.510
2.510
2.510
2.510
2.510
2.510
2. 510
2.510
2.510
2.510
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous. of bbl..
28, 914
25, 368
25, 199
23, 134
25, 870
27, 972
30, 047
31, 024
28, 871
32, 000
32, 489
28 729
Residual fuel oil
do
38, 996
34, 417
35, 277
31, 218
32, 250
33 414
33 299
35 361
35 411
37 283
37 491
32 818
Domestic demand:
Distillate fueloil
do
32, 490
22, 149
30 772
17, 575
16, 504
18, 790
22 858
22 478
23 141
44 759
43 406
39 484
44, 344
Residual fuel oil
. do
4*T 2§i
38, 085
35, 378
34, 877
35 682
38 281
39 639
41 130
45 535
51 362
51 334
Consumption by type of consumer:
4,6157 316
Electric-power plants
do
3,916
4, 148
4,987
5 478
7 8ft4
7 8fi8
5 432
6 656
5 810
7 938
7 462
Railways (class I)
do
4,906
4,366
4,513
4,577
4' 184
4 329
4 075
4 755
4 377
4 333
4 035
3 791
Vessels (bunker oil) . _
_
do
5,366
5,353
5,063
5 345
4 665
4 837
4 765
4 238
4 198
4 1 fin
5 noo
4 368
Stocks, end of month:
Distillate fuel oil
do
48,923
51, 231
58, 381
64 730
71 553
2 63 932
76 037
2 50 206
83 213
90 643
88 212
75 207
Residual fuel oil
do._
58,190
59, 668
63, 576
64, 628
47 g28
66,084
66 843
67? 117
68 673
65 112
60 193
5^' 808
Exports:
Distillate fuel oil
do
1,344
1,108
711
453
656
769
627
7?0
666
430
649
1 036
Residual fuel oil
_.
„
do
809
514
C4Q
1,019
730
608
' fid4
599
514
817
852
751
Price, wholesale, fuel oil (Pennsylvania)
.103
dol. per gal__
.098
.088
.088
.088
.083
.084
.088
.088
.088
.090
.090
.088
Kerosene:
Production
thous. of bbl__
8,974
8,166
7,361
6,715
6,974
7,175
8,093
9, 339
9,273
10, 755
9,469
11,140
Domestic demand
do
9,913
6,605
4,577
4 531
5 676
6 315
6 799
8 269
11 454
14 978
13 906
11 413
Stocks, end of month,do
17, 801
19, 052
21, 546
23, 648
24,826
25, 490
26 650
27 609
25 267
20 888
18 260
16' 126
Exports
.
do
97
118
258
45
181
79
111
93
43
118
68
89
Price, wholesale, bulk lots (New York Harbor) t
dol. per gal._
.098
.091
.084
.084
.084
.084
.088
.090
.086
.088
.093
.090
.089
Lubricants:
Production
thous. of bbl
3 698
3 457
3 606
4 1 no
3 554
3 804
3 729
3 510
4 116
3 984
3 QOO
Domestic demand
_ do
2,623
2,426
2 752
3 023
2 699
3 111
9 S4.fi
3 026
2 927
2' 982
2 647
2 0^0
Stocks, refinery, end of month
do
10, 931
10, 588
10, 089
9,922
9 731
8 962
8 734
8 894
9 109
9 219
9 323
9 341
Exports
_ do
1,138
1,031
1,301
998
1 115
898
886
976
1 291
754
940
l' 152
Price, wholesale, cylinder, refinery (Pennsylvania)__.
dol. per gal_.
.200
.190
.168
.150
.150
.148
.140
.140
.140
.140
.140
.140
.140
•• Revised.
1
rep rting com am es data
^fze *$&
°
P ' '
beginning October 1949 are not strictly comparable with earlier figures. September 1949figuresstrictly comparable with October:
2
J?ew ^s[s\ Beginning January 1950, coverage was increased to include one East Coast terminal not previously reporting; comparable December 1949 figure, 75,435,000 barrels,
cf Includes stocks of heavy crude m California.
fRevised series. Prices for kerosene (N. Y. Harbor, No. 1 fuel, bulk lots, f. o. b. refineries or terminals, excluding all fees and taxes) have been substituted for those for water white (Pennsylvania) formerly shown; comparable January 1949 figure on the new basis, $0.103. Data for 1935-48 will be available later.
SURVEY OF CURRENT BUSINESS
S-36
May 1050
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
January
February
March
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Motor fuel:
All types:
82, 162
79, 383
82, 953
79, 025
82, 232
77, 157
Production, total .
thous. of bbl
Gasoline and naphtha from crude petro69, 984
68, 432
72, 905
70, 603
73, 740
73, 069
leum
thous of bbl
11,964
12, 783
12, 476
12, 479
12, 346
13, 054
Natural gasoline and allied products do
Sales of 1. p. g. for fuel, etc., and transfers
3,742
3,621
3,219
3,184
3, 266
3,891
of cycle products
thous. of bbl
7,241
6, 577
6. 399
7,269
7,319
7,296
Used at refineries
do
75, 279
84, 632
73, 118
81, 622
83, 338
82, 118
Domestic demand _.
. do_ .
Stocks, gasoline, end of month:
113, 164
106, 068
103, 867
118, 822
117, 020
97, 724
Finished gasoline, total
_ _ _ do_ _
74, 70fi
70,817
65, 988
60, 871
58, 740
55, 281
At refineries
do
8,621
8, 331
8,438
7,973
7, 350
7, 155
Unfinished gasoline
do
7, 405
7, 253
7,418
7,031
7,391
7,668
Natural gasoline and allied products.do
3,406
3, 364
1,913
3,205
3,668
3,277
Exports
thous of bbl
Prices, gasoline:
Wholesale, refinery (Oklahoma)
.099
.099
.100
.099
.100
.100
dol. per gal__
.191
.196
.196
.196
.196
.196
Wholesale, tank waeon (N. Y.)
do .
.204
.204
.204
.204
.201
.204
Retail, service stations, 50 cities
do
Aviation gasoline:
3,805
3, 951
3,614
3, 975
4,132
4,036
Production, total
_ ___thous. of bbl__
3,078
3, 125
3,106
3, 039
2,735
2, 954
100-octane and above.
_ do _
7, 056
6, 852
6, 841
6, 584
7, 357
6,179
Stocks, total
do
3, 123
3,144
3, 500
3,088
3,156
2,782
100-octane and above.. _ _ _
do
Asphalt:
526, 700
651,100
798, 900
899, 100
934, 000 1,018,700
Production
short tons
1,445,800 1,510,000 1,500,000 1,354,000 1, 247, 100 1,044,700
Stocks refinery end of month
do
Wax:
73, 080
72, 520
76, 720
69, 160
64, 120
66, 640
Production
thous of Ib
134, 680
136, 640
148,680
140,560
148, 400
139, 720
Stocks, refinery, end of month _
do
Asphalt products, shipments:
3,695
4,196
4, 596
4,650
4,273
5,482
Asphalt roofing total
thous of squares
Roll roofing and cap sheet:
991
1,023
1,189
977
988
Smooth-surfaced
do
1.267
1,034
865
976
897
990
1.309
Mineral -surfaced
_ do
2,484
2, 584
1,807
2, 308
2, 906
2,296
Shingles all types
do
207
180
166
190
181
225
Asphalt sidings
do
32, 256
38,012
45, 341
43, 153
42, 232
53, 387
Saturated felts
short tons
-
80, 310
83, 185
79, 733
83, 515
' 82, 075
73, 754
71, 046
13, 270
73, 626
13, 965
70, 369
14, 265
74, 286
14, 711
72, 556
»• 15, 116
64, 685
13, 813
4,006
7,470
80, 760
4,406
8,301
79, 253
4,901
7,449
76, 270
5,482
7,325
75, 553
5,597
7,279
' 66, Q08
4,744
6, 773
63, 414
94, 445
53, 727
7, 354
7,607
2,271
96, 194
55, 117
7,093
6,923
2,476
97, 173
54, 200
7, 534
7,141
1,809
103, 586
62,116
7,857
6,831
1,611
116, 624
73, 880
8,674
7, 363
1,201
124, 177
81,457
8, 619
8, 255
1.410
.100
.196
.203
.100
.196
.203
.098
.195
.201
.098
.192
.201
.097
.192
.200
.096
.192
.199
3,718
2, 805
6,171
2,817
3,955
2,844
6, 606
3,117
3.848
2, 529
6,822
2,902
4,086
2,957
7,444
3, 338
3,044
1,806
7,940
3,341
2,670
1,8'U
8, 026
3. 316
952, 200
830 000
902, 500
798 400
684, 700
790, 400
535, 100
458, 700
530, 200
894, 200 1, 027, 800 1, 140 000
72 800
125, 160
99 680
130, 200
71,960
126, 000
92, 400
132, 440
87, 920
133, 840
101 360
144, 760
5, 968
6,101
5,177
3,021
3,538
3, 255
1,418
1,437
3 113
1,516
1,502
3,084
1,269
1, 254
2, 655
751
720
936
834
1, 550
1,768
821
779
53, 911
59, 277
58, 198
41, 228
41, 485
272
289
257
170
1 655
189
r
169
.095
. 192
197
3 816
883
860
2 072
158
35 168
43 746
1 662
1, 768
4 675
1 749
1 928
4 495
557, 634
572, 188
372, 234
631 041
650 007
355 467
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
1,628
1,739
5,465
1,226
1,572
5,112
1,311
1,537
4,876
1,451
1,502
4,877
1,388
1,330
4,918
1,778
1,670
5,015
1,683
1,684
4,995
1,841
1,869
4,964
1, 772
1,841
4,875
1,718
1,726
4,879
1,753
1,884
4, 753
545, 024
545, 882
481, 050
509, 123
525, 914
439, 983
492, 256
511,138
418, 706
491,700
512, 582
397, 963
427, 149
419,348
405, 228
552, 539
586, 250
367, 874
588, 734
591, 334
367, 980
655, 365
639, 735
379, 549
615,578
625, 182
368, 121
606, 410
573, 516
397, 307
588, 946
589, 046
394, 077
1,057
120, 949
381,575
164, 235
67, 140
43, 891
180,197
52, 375
946
951
920
806
112,324
344, 744
156, 712
56, 963
39, 405
165, 322
32, 376
116,830
343, 235
155,353
58, 988
38, 061
166, 006
32, 282
112,129
347, 366
135, 302
56, 309
33, 256
160,917
33, 592
104, 061
307, 177
117,955
39, 249
32, 128
142, 101
28, 475
1,019
119,599
408, 055
149, 967
57, 505
40 054
157, 057
35, 463
1,030
112, 819
400, 941
149, 496
54, 219
38 844
155, 658
52, 441
1,146
128, 507
445, 225
165, 553
63, 043
42 506
167, 395
76, 925
1,136
128, 443
436, 025
169,313
59, 601
43 341
165, 969
76, 907
1,077
117, 099
404, 018
162, 468
56, 889
42 232
168, 344
73, 261
1,181
139, 514
465, 558
173, 759
59, 534
45 120
165, 152
74, 566
139, 626
12, 819
17, 982
34, 653
22, 477
3,388
38, 616
151, 920
12, 866
17, 003
40, 803
23, 634
3,463
44, 171
161, 188
14, 459
13, 224
45, 443
26, 711
3,631
46, 778
158, 496
17, 650
12, 043
39, 823
28, 831
5,116
43, 840
145, 522
17, 593
10, 190
37, 288
23, 173
4,488
40, 584
139, 658
18, 237
9,634
38, 045
21, 515
4,668
36, 024
121, 395
15, 442
9,650
33, 351
17,917
3,883
30,863
114, 948
12, 047
8,445
33, 351
19, 808
3, 364
27, 492
114, 018
12, 896
8,355
32, 412
19, 436
2,992
27, 634
98, 480
9, 240
7,331
25, 621
15, 104
2,099
29, 490
11, 321
126, 685
27, 690
13, 459
39, 872
28, 764
2,352
13, 784
10, 923
97, 517
24, 393
11, 522
25, 193
19,155
2,197
14, 461
17, 750
142, 328
38, 235
16, 844
37, 528
24, 941
2,100
21, 939
21, 154
129, 611
36, 635
14, 309
33, 686
27, 020
1,695
15, 629
6,266
113,685
26, 562
16,331
35, 027
21,927
1,907
11,443
6,068
135, 228
37, 409
13, 549
35, 311
30, 598
2,351
15, 548
4,989
118, 632
28, 009
7,848
35, 491
26, 187
2 357
18, 193
4,510
174, 922
41, 739
18, 433
46, 125
42, 436
2 774
21, 346
3,937
5,628
244, 755 ' 212, 630
40 845
33, 063
54, 014
40, 359
66 644
59, 233
56, 624
51,987
2 763
2 805
r
23 169
24, 572
1,571
826
1,543
807
1,556
801
1,348
717
1,749
862
1,793
881
1,953
960
thous of cords (128 cu ft.)
do
Stocks find of month
Waste paper:
Receipts
Consumption
Stocks, end of month ...
do
_
short tons .
do
do
WOOD PULP
Production:
Total, all grades...
.
thous. of short tons _
Bleached sulphate
short tons- Unbleached sulphate
do
Bleached sulphite
do
Unbleached sulphite
do
Soda
do
Groundwood. _ _
.do
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons.
Bleached sulphate
do
Unbleached sulphate
do
Bleached sulphite
_
_
do-_.
Unbleached sulphite
do
Soda
do-_.
Groundwood _
_
do
Exports, all grades, total
Imports, all grades, total
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite.
Soda
Groundwood _
do
do...
do
do. .
do
do
do
do
r
r
r
' 1, 089
1, 199
131, 186
146 640
422, 223
453, 599
r r160, 266
183 043
57. 025
64 523
42 179
46 096
154, 439
174 005
71, 989
76, 188r
109, 010 ' 108, 503
9, 709
10, 470
8, 206
8 770
' 26, 937
29, 644
r
17, 203
15, 259
1,456
1,771
34, 044
33, 984
4,344
234, 188
31, 744
64, 496
50, 423
63, 260
2 566
r
23, 995
107 447
9 926
8 351
25 658
18 601
1,414
33, 885
5 629
183, 553
39 666
28, 325
51 531
40, 148
2 683
20 396
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short tons..
Paper (incl. building paper)
__ __do
Paperboard.
_
do
Building board _ _ _ _ _ _
__
do
' Revised.
r
1,r 718
903
r
734
81
695
49
683
54
699
56
579
53
823
64
828
85
896
98
1,920
943
884
92
1,807
899
823
85
1,881
936
859
86
r
1,T 796
898
810
87
2,028
1 026
901
101
SUEVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-37
1950
19 49
March
April
May
June
July
August
September
October
November
December
February
January
March
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) : f
Orders, new
short tons _
Orders, unfilled, end of month
do
Production
__
do
Shipments. __
do
Stocks, end of month
do
Fine paper:
Orders, new
do
Orders, unfilled, end of month
do
Production _ _ _.
_
do _
Shipments
do
Stocks, end of month
do
Printing paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Price, wholesale, book paper, "B" grade, English finish, white, f. o. b. milL _dol. per 100 lb- .
Coarse paper:
Orders, new
short tons
Orders, unfilled, end of month
do
Production __ __
.
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland) :d*
Production _.
do
Shipments from mills
_ _ _ _ _
do_ _
Stocks, at mills, end of month
do
United States:
Consumption by publishers- _
do
Production
do
Shipments from mills.
do
Stocks, end of month:
At mills. _
_ _ _ _
. . . do. _
At publishers
do
In transit to publishers . _ .
... do
Imports
do
Price, rolls (New York)
dol. per short ton..
Paperboard (National Paperboard Association):
Orders, new
short tons__
Ordors, unfilled, end of month
do
Production, total
______
do _
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil sq ft surface area
Folding paper boxes, value:
New orders §
1936 = 100__
Shipments §
.
do
720, 153
378, 230
732, 694
720, 680
322, 835
634, 122
347, 140
664, 594
664, 179
323, 662
629, 197
342, 763
639, 482
634, 219
328, 690
637, 622
343, 370
631, 906
626, 312
334, 556
593, 334
368, 430
560, 472
568, 772
327, 093
719, 898
407, 215
684, 243
679, 984
330, 664
87, 002
41, 905
87, 484
84, 280
87, 713
86,811
42, 762
83, 706
85, 520
85, 997
80, 045
38, 443
84, 822
84, 286
86, 545
84, 135
37, 168
85, 363
85, 563
86, 336
71, 205
41, 740
66, 603
66, 483
86, 583
87, 847
87, 887
85, 969
252, 634
174, 710
255, 393
252, 500
100, 585
230, 668
163, 885
240, 199
240, 900
100, 225
241, 155
167, 170
238, 088
238, 600
98, 480
229, 847
159, 569
225, 219
230, 058
93, 925
217, 290
173, 400
202, 468
204, 108
93, 000
261, 590
190, 945
248, 153
243, 043
98, 000
11.30
243, 650
94, 250
252, 040
246, 627
81, 400
11.30
11.30
87, 529
41,355
768, 592
321, 449
754, 993
496, 770
762, 099
755, 367
328, 285
729, 665
486, 860
739, 789
739, 566
328, 508
87, 252
40, 500
86, 983
87, 870
85, 805
100, 173
45, 270
93, 235
96, 342
82, 864
91, 985
43, 270
93, 248
92, 987
83, 125
86, 355
39, 300
91, 908
90, 322
84, 710
268, 975
206, 538
274, 594
215, 785
266, 393
263, 717
100, 500
260, 080
218, 400
265, 313
257, 785
108, 140
252, 560
209, 880
263, 049
764,
463,
699,
706,
324,
640
553
796
642
990
803, 535
497, 820
251,456
251, 878
98, 000
11.30
765,612
261,078
110,115
11.30
11.30
11.30
11.30
195, 006
74, 100
193, 672
72, 425
217,475
215,150
201,355
198, 513
87, 200
187, 236
192, 380
94, 100
248, 105
108, 500
225, 676
226, 795
92, 980
280, 775
146, 500
236, 977
242, 747
87, 210
288, 365
166, 300
267, 024
268, 577
85, 650
269, 096
165, 040
268, 903
270, 358
84, 195
260, 710
166, 595
254, 841
259, 153
79, 883
11.30
11.30
r
785, 948
' 509, 545
' 775, 846
r
763, 256
' 341, 090
f 96, 268
41, 525
' 93, 734
r
94, 033
' 84, 411
' 750, 449
' 517, 995
' 739, 529
' 741, 392
' 339, 228
839, 500
527, 965
824, 000
827, 500
335, 045
' 102, 209 113, 000
55, 000
' 49, 700
' 94, 813 104, 000
107,
000
' 94, 000
82, 000
r 84, 225
' 281, 470 r 251, 335
' 232, 255 * 234, 250
r 264, 983 r 246, 988
' 259, 094 r 249, 367
r
116, 004 ' 113, 625
11.30
11.30
' 267, 149 ' 262, 515
162, 000
163, 950
r
275, 762 r 264, 089
' 269, 794 r 264, 617
r
85, 850
' 85, 323
283, 000
238, 000
282, 000
278, 000
117, 500
11.30
295, 000
162, 000
290, 000
295, 000
80, 000
83, 700
195, 343
89, 700
208, 616
81, 068
206, 055
196, 506
99, 250
455, 778
419, 549
177, 741
442, 448
428, 999
191, 190
442, 730
459, 129
174, 791
437, 043
447, 961
163, 873
421, 475
412, 127
173, 221
446, 834
435, 007
185, 048
415, 179
437, 658
162, 569
435, 651
433, 039
165, 181
436, 766
460, 977
140, 970
414,872
417,011
434, 652
121, 190
403, 013
135, 188
399, 247
376, 834
157, 601
451, 635
426, 960
182, 276
366, 887
78, 322
77, 404
368, 945
75, 459
73, 930
392, 212
79, 987
80, 162
349, 944
80, 417
78, 460
313,118
76,218
318.046
77, 133
78, 944
76, 941
356, 528
70, 600
69, 614
399, 262
73, 350
75, 013
378, 626
72, 130
72, 417
372, 497
69, 854
72, 255
345, 093
74, 275
76, 080
350, 906
69, 099
70, 756
396, 923
80, 571
79, 027
9,780
392, 601
82, 380
392,317
100. 00
11, 309
381, 865
79, 724
362, 996
100. 00
11, 134
373, 041
12, 176
416, 595
76, 848
377, 409
100. 00
14, 179
446, 964
86, 044
404, 129
100. 00
15, 165
444, 335
85, 333
356. 129
100. 00
13, 502
412, 805
75, 708
399, 910
100. 00
13, 215
378, 578
87, 677
386, 639
100. 00
10, 814
371, 131
74, 732
418, 496
100. 00
9,009
355, 599
86, 039
414, 526
100. 00
13, 091
384, 872
75, 863
397, 741
100. 00
100. 00
7, 352
328, 881
88, 593
347, 950
100. 00
727, 300
272, 000
731, 800
84
688, 000
260, 300
696, 700
79
686, 700
238, 700
692, 300
78
692, 000
243, 300
696, 800
75
618, 100
268, 500
583, 800
64
890, 200
365, 600
873, 000
360, 900
833, 800
87
945, 000
400, 600
888, 500
94
887, 000
429, 800
882, 800
93
801, 200
359, 300
827, 400
83
860, 300
337, 800
858, 800
88
802, 800
314, 600
817, 000
92
952, 600
371, 800
908, 600
91
71,404
821,600
86
4,893
4,646
4,555
4,773
4,324
5, 681
5, 6C8
'431.2
r 482. 1
r 396. 2
r 426. 3
- 385. 7
' 408. 5
M12. 6
* 436. 4
' 355. 6
' 332. 1
' 450. 7
' 449. 5
' 516. 6
r 470. 8
748
586
162
1,074
822
252
760
570
190
863
669
194
376,819
8,896
318, 036
86, 765
100. 00
6,171
5,665
5,178
5,260
5,147
6,112
r 478. 5
f 507. 5
r 452. 2
r 492. 8
'412.9
' 435. 2
' 432. 7
529.5
r 449. 3
M41.7
' 449. 0
1,129
944
185
1,019
758
261
1,498
1,114
384
673
524
149
51, 243
90, 733
47, 285
52, 093
99, 208
67, 152
52, 919
106, 619
67, 934
59, 992
108, 769
58, 251
.184
521.6
PRINTING
Book publication, total
New books
New editions
_
number of editions
do
do_ _ _
945
755
190
704
554
150
763
597
166
829
619
210
846
671
175
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
53, 108
Consumption
long tons
117,664
Stock", end of month
do _
56, 679
Imports including latex and guayule
do
Price, wholesale, smoked sheets (New York)
.191
dol. per l b _ _
Chemical (synthetic):
Production
long tons. . 36, 063
39, 041
Consumption
do
116, 843
Stocks, end of month
do_.
975
Exports
do
Reclaimed rubber:
19, 991
Production
do
19, 508
Consumption
do
33, 397
Stocks, end of month
_ _ do
47, 859
112,916
50, 623
46, 128
111,875
53, 434
47, 117
103, 626
51,217
40, 597
103,017
46, 187
45, 307
99, 850
49, 579
43, 978
100, 618
45, 620
.185
.178
.163
.164
.167
.176
.163
.167
.177
35, 445
36, 529
114, 944
32, 335
35, 528
112, 739
622
31,953
37,211
106, 813
587
34, 270
30, 094
113, 595
33, 885
34, 419
111,333
30, 878
32, 443
110, 848
28, 015
33, 687
103, 955
28, 619
31, 684
101, 430
27, 234
31,771
98, 042
18, 463
18, 649
32, 825
18, 184
18, 323
32, 326
18, 849
19, 316
30, 684
14, 626
15, 966
29, 126
17, 813
19, 297
27, 526
18, 304
18, 517
26, 257
20, 683
19, 638
26, 619
19, 382
18, 512
27, 801
7,392
' 7, 534
r 3, 233
4,185
6,264
'r 7, 695
3, 099
4,488
6,228
' 7, 769
' 3, 192
4,463
'114
9,970
r
6, 489
' 6, 782
'r 2, 937
3.r 689
!56
T
8, 698
r
6, 037
' 5, 262
1, 746
'3,417
' 5, 261
' 5, 489
8, 609
' 5, 141
' 4, 163
9,645
509
691
384
425
425
' 56, 580 60, 809
104, 477 101,898
53, 393
.195
.197
27, 808
33, 966
92, 284
29, 336
r
31, 860
' 88, 381
33, 003
37, 605
86, 949
19, 723
18, 210
28, 263
19, 447
20, 106
27,319
' 20. 424
' 19, 741
' 27, 256
23, 036
22, 286
27, 517
' 6, 272
' 5, 229
2, 158
r
2, 940
6,827
5 913
3,094
2,703
116
11, 366
124
6,691
6,216
3,247
2,870
7,314
6,794
2, 830
3, 858
11, 797
12, 355
5,803
5,610
11,059
50
6,223
5,733
11, 432
674
478
r
580
596
TIRES AND TUBES
Pneumatic casings:!
Production
Shipments total
Original equipment
Replacement equipment
Export
_ _
Stocks, end of month
Exports
_
Inner tubes:!
Production
Shipments
Stocks, end of month
Exports
__
thousands
do
do
do
do
do
_
do
do
do
do
do
6, 580
' 5, 904
'r 2, 518
3, 232
r
6. 759
'r 6, 609
2, 770
r
3, 717
6,934
' 6, 822
'r 2, 379
4, 322
121
121
13, 071
13, 191
13, 301
r
r
155
142
r
f 5, 889
' 5, 118
10, 960
113
171
r
5, 977
' 5, 344
11, 748
110
r
169
130
r
6, 005
' 5, 237
12, 410
127
116
13, 135
r
' 6, 343
' 6, 345
12, 306
89
108
11,717
120
r
5, 230
' 6, 297
11, 364
80
134
' 5, 165
' 6, 600
9,858
72
5, 623
' 6, 756
'r 3, 079
3, 564
'113
r
8, 930
123
' 4, 891
' 5, 852
T
8, 875
81
r
151
r
105
99
9, 542
r
109
53
131
10, 638
120
r
' 5. 325
' 4, 179
10, 657
60
5,629
5,312
10, 926
49
100
92
106
' Revised.
d*Revised to include figures for Newfoundland; data for 1937-38 are shown on pp. 22 and 23 of this issue of the SURVEY.
fRevised data for 1948 are shown on p. 23 of this issue of the SURVEY.
§Revised indexes for January and February 1949, respectively, are as follows (1936 = 100): New orders, 390.5; 391. 4; shipments, 435.1; 418.1.
tFinal revisions for January and February 1949 (thous.): Casings—production, 5,899; 5,893; total shipments, 5,287; 4,867; original equipment, 2,303; 2,171; replacement, 2,857; 2,591; tubesproduction, 5,013; 4,874; total shipments, 4,872; 4,361.
S-38
SURVEY OF CUREENT BUSINESS
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
July
August
September
November
December
January
148, 461
126, 936
124, 653
October
February
March
145, 157
144, 609
157, 524
13 070
14 238
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments.reams- .
143, 753
132, 813
120, 863
123, 343
111,262
132, 950
144, 716
PORTLAND CEMENT
Production
Percent of capacity
..
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl
15, 439
17, 682
18, 622
18, 279
18, 856
18 715
19 181
19 070
18 040
16 936
15 174
thous. of bbl
do
do_ _ _
14, 539
23, 104
7, 764
17, 779
22, 977
7,560
19, 426
22,170
7,440
20, 667
19, 785
6,922
19, 321
19, 313
6,212
70
67
23, 633
14, 381
5,798
22 763
10 797
4,461
21 278
8 569
3,610
17 269
9,341
3,356
11 606
14, 686
4,597
9 593
20, 267
6,066
9 775
r
23 579
r
7, 372
399, 729
380, 361
420, 477
407, 003
459, 671
433, 772
488, 860
464, 536
449, 182
444, 523
506 890
507, 886
492 123
500 344
511 501
526 164
491,254
499, 371
454, 704
400, 418
377 675
345, 485
345 731
322, 320
24. 050
24. 021
24. 002
24. 000
23. 964
24. 045
24. 043
24. 010
24. 075
24. 053
' 24. 035
r
124, 781
112, 870
125, 128
112,584
126, 612
117, 523
125,012
121,010
105, 703
111,298
126, 139
132, 431
123 021
129, 811
122 020
136, 580
126, 101
120, 750
119, 196
93, 183
108, 580
92, 740
105, 032
85, 668
117, 742
105, 978
114, 878
100, 093
112, 150
112, 997
111,533
111,846
120,780
105, 648
121,209
118 388
109, 675
115 559
111 161
107 601
107, 355
101, 739
100, 676
84, 221
97, 456
79 119
91. 124
83, 238
7,288
6,929
7,035
6,869
7,663
7,811
8,036
7,928
8,108
7,746
8,662
8,933
7,550
7,981
8,283
7,737
7,375
6,963
6,963
6,321
7,952
7,379
645
649
715
701
748
1,108
1,164
760
632
521
640
'680
775
1,822
1,763
2,020
2,084
2,022
2,528
1,965
* 2, 157
1, 871
i 1, 694
2, 291
' i 1,968
2,111
396
464
1,035
1,678
538
480
816
567
1,025
646
911
538
486
443
206
317
1,121
1,975
164
298
1,359
2,024
176
304
1,227
1.887
975
231
325
290
263
'785
1,809
'667
479
451
1,140
74
85
86
87
87
87
92
88
86
78
66
14 613
23 204
8 692
CLAY PRODUCTS
Brick, unglazed:
Production
thous. of standard brick
Shipments
do
Price, wholesale, common, composite, f. o. b. plant
dol. per thous. _
Clay sewer pipe, vitrified:
Production
short tons
Shipments. _
_ ___
do
Structural tile, unglazed:
Production _
_
do
Shipments
do
24. 104
24. 132
GLASS PRODUCTS
Glass containers:
Production
..
thous. of gross
Shipments, domestic, total _
do
General-use food:
Narrow-neck food
doWide-mouth food (incl. packers' tumblers)
thous. of gross _ .
Beverage (returnable and nonreturnable)
thous. of gross. .
Beer bottles
_ do_Liquor and wine
do ..
Medicinal and toilet
do
Chemical, household and industrial
do
Dairy products
do
Fruit jars and jelly glasses
do
Stocks end of month
do
Other glassware, machine-made:
Tumblers:
Production
_ _ thous. of dozens
Shipments. _
_. do _
Stocks
do
Table, kitchen, and householdware, shipments
thous. of dozens. _
841
1,612
840
837
1,584
1,666
9,801
587
251
148
9,763
628
227
333
9,374
553
242
255
9,270
4,796
5,038
8,474
4,621
4,905
8,270
5,242
5,055
8,615
3,645
3,264
3,672
563
262
64
874
1,526
942
1,992
1
228
333
1,823
1
826
5,578
5,552
9,820
9,642
2,644
3,179
3,900
12, 868
12, 408
24, 598
13, 042
12, 950
24, 690
14, 072
14, 126
24, 636-
i 15
8,602
(i)
8,735
9,145
9,352
4,608
4,993
8,154
4,148
4,197
7,689
4,907
5, 157
7,715
4,770
4,734
7,618
5,521
5,436
7,676
4,940
4,961
7,615
4,853
3,756
8,584
6,125
4,981
3,368
2,528
3,323
3,349
3,801
3, 647
2,617
0)
r
8,129
9,825
8,318
444
304
611
255
8,204
i 33
9, 595
728
346
359
8,906
652
308
7, 290
' 6, 748
2,062
771
277
64
9,454
2,127
561
253
311
9,425
687
341
205
r
669
256
i 14
r
r
253
6,061
6,251
GYPSUM AND PRODUCTS
Crude gypsum:
Imports
thous of short tons
Production
do
Calcined production
do
Gypsum products sold or used:
UncalcinedQ
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building piasters®
do
Lath
thous of sq ft
Tile
do
Wallboard cf
do
Industrial plasters
short tons
511
' 1, 589
1,313
357
1,466
1,382
r
r
r
507, 503
T
397, 763
10 263
108, 453
512, 104
6 052
631 045
r
r 52 585
488, 923
r
472, 804
446, 069
11,341
105, 400
393, 725
6 991
574, 797
514, 531
12 659
118, 814
538,
427
r
7 341
610, 334
r
r
r
r
991
1,615
1,418
51,610
49, 644
734
«• 1, 821
1,552
T
r
r
500, 302
464, 022
10, 902
122, 092
568, 165
8,134
719, 627
57, Oil
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
.
thous. of dozen pairs. _
Shipments
- do. .
Stocks end of month
do _
* 12, 060
' 12, 907
24, 386
r 9, 981
' 12, 381 r 13, 028
»• 13, 607
' 13, 987 '12, 731
' 11, 155 ' 11, 052 ' 11,926
'11,721 ' 10, 934 ' 11, 303 ' 9, 752 r 12, 844 ' 13, 950 ' 14, 580 ••r 14, 504 '11,593
' 26, 029 ' 25, 566 r 24, 644
' 24, 138
' 23, 671 23, 153
23, 938
25, 800
23, 820
COTTON
Cotton (exclusive of linters) :
Production:
2
14, 716
15,641
9,544
298
13, 976
5,309
3 15, 908
1,247
14 580
Ginnings§
thous of running bales
Crop estimate, equivalent 500-lb. bales
3
16, 127
thous. of bales. . 2 14, 868
739, 438
454, 426
725, 602
734, 013
734, 186
600, 651
709, 958
664, 133
771, 833
898, 228
580, 476
598, 502
Consumption^
..
bales . 721, 378
Stocks in the United States, end of month,
5,283
6,836
14, 040
12,812
7,877
15, 369
17, 348
16, 657
5,781
19, 257
18, 472
11,637
totall
thous. of bales. . ' 9, 041
13, 974
12, 733
5,214
15, 304
7,786
5,705
19, 199
17, 273
16, 592
11, 528
6, 753
18,408
»• 8, 947
Domestic cotton, total
do
251
2,315
7,852
1, 453
4,685
3, 036
1,757
480
319
14, 622
11, 590
559
' 798
On farms and in transit
- - - do. _.
9,204
8,344
10, 664
9,951
10, 501
5,842
5,057
4,128
3,942
6,120
8,271
4,388
6,657
Public storage and compresses
do
1,604
1,771
1, 805
834
1,077
1,708
1,405
1,216
998
635
698
1,492
1,385
Consuming establishments _.
do
65
65
69
64
75
66
79
108
83
76
58
91
95
Foreien cotton, total
do
r
Revised.
1 Data for wide-mouth
food containers include jelly glasses in October, January, and February and both jelly glasses and fruit jars in November and December.
2
3
Total ginnings of 1948 crop.
Total ginnings of 1949 crop.
^Includes laminated board, reported as component board.
Revision for first quarter of 1948 (thous. of sq. ft.), 636,524.
§Total ginnings to end of month indicated.
©Revised data for 1948 are as follows (short tons): Uncalcined—-first quarter, 505,836; second quarter, 522,817; third quarter, 503,019; fourth quarter, 612,397; all other building plastersfourth quarter, 123,291.
HData for January and February 1950 cover 4 weeks and for March, 5 weeks; prior to 1950, calendar months are represented; stock data are for end of period covered.
SUKVEY OF CURRENT BUSINESS
May 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-39
1950
1949
March
April
May
June
July
August
September
October
November
December
January
February
March
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
581,686
Exports
bales
7,595
Imports
do __
Prices received by farmers
dol.
per
lb_.
.287
Prices, wholesale, middling, 1Ms", average, 10
.326
markets..
dol. per lb_.
Cotton 1 inters :J
134
Consumption
. -thous. of bales. _
144
Production
do
682
Stocks end of month
do
590, 178
4,497
.299
463, 978
3,014
.300
508, 246
4,057
.301
221, 287
11, 218
.301
167, 616
5,324
.293
211,372
55, 889
.297
415, 088
13, 789
.287
433, 596
12, 419
.278
656, 897
12, 896
.265
528, 316
10, 982
.265
654, 948
70, 575
.275
.281
.330
.329
.328
.321
.310
.300
.296
.298
.303
.310
.320
.319
120
99
660
126
80
588
122
58
503
103
44
456
136
63
385
141
182
411
143
227
468
132
235
531
131
203
568
132
193
576
128
158
580
156
147
561
2 257
93, 525
2,411
79, 372
1,188
74, 317
1,616
2,004
81,115
649
65, 886
822
60, 051
1,057
1 943
66,384
1,198
60 383
2,167
52 811
2,310
2,315
55, 918
2,290
36, 503
2,845
34 970
4,283
31.35
.317
.146
.170
29.94
.303
.138
.170
28.76
.303
.131
.168
27.75
.303
.126
.163
28.18
.303
.128
.161
30.61
.303
.144
.160
34.70
.303
.163
.165
36.08
.303
.166
.167
38.17
.303
.170
.169
38.05
.303
.170
.170
37.90
.303
.166
.172
37.48
.303
.160
.174
36.69
.303
.152
.172
.629
.827
.612
.789
.604
.776
.598
.764
.600
.764
.610
.772
.620
.799
.639
.823
.647
.823
.647
.823
.647
.823
.632
.823
.627
.821
21, 515
20, 425
9,352
393
8,922
106.8
20, 864
19, 801
7,776
327
7,442
97.9
20,936
19, 862
7,737
325
7,358
93.8
20, 568
19, 464
7,975
337
7,506
95.8
20, 137
19,012
5,988
255
5,637
79.6
20,941
19, 747
8,827
377
8, 267
102.5
21, 180
19, 975
9,287
396
8,725
115.2
21,450
20,215
9,540
409
8,978
123.3
21, 557
20, 314
10, 021
429
9,442
124 8
21,476
20,241
9,781
419
9,206
124.7
21, 463
20, 217
9,663
496
9,091
133.0
21, 663
20, 417
9,765
496
9,181
133.4
21, 596
20, 340
11,808
472
11, 130
127.3
57.9
7.8
47.9
6.2
52.1
7.8
56.8
10.9
58.8
13.7
69.2
19.4
74.8
22.7
74.9
25.2
75.7
24.3
79.7
23.9
78.1
24.1
71.5
22.5
78. 8:
24. 9
32.9
16.2
1,433
44.1
19.1
718
49.8
20.4
297
49.7
18.9
106
48.6
16.8
32
41.9
12.8
468
31.1
7.8
257
24.7
4.5
767
18.9
35
2,952
14.3
' 14.6
4,016
13.3
r
33
4 969
13.5
36
4,317
.770
.370
.770
.370
.746
.362
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
.710
350
(2)
.350
423
12
48
460
90
27
25
164
133
370
539
583
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.60
2.65
2.68
2.72
2.71
33, 513
13, 031
46 456
r
29,043
' 13, 290
46 158
' 31, 352
15, 716
77 890
34 756
15 728
74' 652
1.525
.545
1.525
545
1.562
.552
1.588
.559
1.625
570
1. 625
.570
1. 675
1.375
1.375
1.465
1 575
1. 575.
77
86
2 169
27
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production Quarterly
mil of linear yards
Exports
thous of sq yd
Imports
-do __
Prices, wholesale:
Mill margins
cents per Ib Denims, 28-inch
dol. per yd._
Print cloth, 38^-inch, 64 x 60
do.—
Sheeting, unbleached, 36-inch, 56 x 60
do
Cotton yarn, Southern, prices, wholesale, mill:
22/1, carded, white, cones
dol. per lb_.
40/1, twisted, carded, skeins
do
Spindle activity (cotton system spindles) :K
Active spindles, last working day, total. __ thous. .
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total-.mil. of hr. _
Average per spindle in place
hours.Consuming 100 percent cotton
mil. of hr_.
Operations as percent of capacity
RAYON AND MANUFACTURES AND SILK
Bay on yarn and staple fiber:
Consumption:
Filament yarn
mil. of lb__
Staple fiber _ _ _
do
Stocks, producers', end of month:
Filament yarn
_
do
Staple
fiber
_
_
do
Imports
.
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. per lb._
Staple fiber, viscose, 1H denier.
do
Rayon broad-woven goods, production, quarterly
thous. of linear yards
Silk, raw:
Imports
thous. of Ib
Price, wholesale, Japan, white, 13/15 (N. Y.)
dol. perlb-.
WOOL
512, 663
435, 699
Consumption (scoured basis) :§
Apparel class
thous. of lb__ ' 29, 111 20,152
' 18, 574 ' 12, 839
Carpet class
do
31, 292
24, 511
Imports
do
Prices, wholesale, Boston:
1.800
1.800
Raw, territory, 64s, 70s, 80s, scoured— dol. perlb..
.560
.560
Raw, bright fleece, 56s, greasy
do
Australian, 64s, 70s, good topmaking, scoured, in
1.925
1.862
bond
dol. perlb .
28, 785
'21,577
' 12, 265 ' 11, 416
29, 878
22, 118
1.781
.556
1.725
.545
452 096
' r22, 634 'r 29, 245
6, 521
10, 589
23, 082
38, 046
1.600
.545
r
r
36, 158
13, 348
39 252
1.525
.545
1
1
3.3
r
529 163
T
r
1.525
.545
1
1 1. 675
1 1. 675
1 1. 675
73
1,543
26
79
1,669
28
80
1,746
25
67
1,620
25
83
1 960
30
79
1 926
26
2 283
158
75
143
74
120
60
70
41
124
65
125
65
68,201
59, 803
110
75, 641
63,969
115
76, 257
69, 738
123
72, 030
62,884
122
88, 831
81,906
145
82 778
90,413
151
1. 675
2.9
r
1. 675
r
r
35, 679
17, 371
57 517
r
2.65
WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms:
Woolen and worsted:
75
Pile and Jacquard ..thous. of active hours. _
1,626
Broad
do
24
Narrow
_ __
do
Carpet and rug:
171
Broad
do
82
Narrow __
do
Spinning spindles:
67, 404
Woolen
do
73,066
Worsted
_ .
do. _.
142
Worsted combs
do.
Wool yarn:
Production, total§
thous. of lb_. ' 59, 434
' 6, 491
Knitting§
do...
'r 34, 357
Weaving§
. __
_
do
Carpet and other §
do
18, 586
Price, wholesale, worsted yarn (Bradford
3.425
weaving system) 2/32s
dol. perlb__
45, 936
' 5, 052
' 27, 059
r 13, 825
3.395
49, 356 ' 60, 493
' 4, 995
6,650
' 31, 255 rr 41, 122
' 13, 106
12, 721
3.375
3.375
42, 884
' 4, 917
31,
124
T
6, 843
3.375
' T56, 097
6, 542
38 420
11, 135
r
T
3.375
68,894
8,631
46 234
14, 029
90
36
3.244
69
2 186
30
25
141
68
138
69
141
72
91 ggS
110, 119
85 798
97, 635
76 653
95 066
' 57, 293
r 6 675
r 36 689
r 13 929
66,600
7 550
r 41 899
176
r
r
r
83
2 267
62, 352
7 621
41 234
13 497
r
T
T
166
172
r 17 151
r 2 175
' 29
154
79
166
87
r
r 77 597
r 93 207
185
' 56, 780
r 6 628
r 34 796
r 15 356
79 749
103 469
' 209
60
6
37
15
076
648
672
756
2.850
2.912
2.975
2.975
2.975
2.975
2
Revised.
1 Nominal price.
No quotation.
IData for January and February 1950 cover 4 weeks and for March, 5 weeks; prior to 1950, calendar months are represented; stock data and number of active spindles are for end of period
covered.
§ Data for March, June, September, and December 1949 are for 5 weeks: other months, 4 weeks.
r
SUKVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May 1950
1950
1949
March
April
May
June
July
August
September
October
December
November
January
February
March
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES—Continued
Woolen and worsted woven goods, except woven
felts:
Production quarterly total
thous of lin. yd
Apparel fabrics, total
do
Government orders
do
Other than Government orders, total do
Mien's and boys'
do
Women's and children's
do
Unclassified
_ do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, f. o. b. mill:
Suiting, unfinished worsted, 13 oz_ dol. per yd__
Women's dress goods, flannel, 8 oz, 54-inch
dol. per yd..
102, 250
87, 556
4,953
82, 603
34, 420
40, 634
7, 549
5,555
' 91, 923
' 75, 939
3,218
' 72, 721
33, 227
' 30, 346
9,148
5,704
10, 280
9,139
r
106 945
90 250
3 613
86 637
34 507
44 277
7,853
6 330
10, 365
117 363
102 389
3 734
r
98 655
42 660
r
48 238
7, 757
6 507
8 467
3.589
3.589
3.589
3.589
3.459
3.069
3.069
3.069
3.069
3.069
3.069
3.069
2.995
2.722
2.722
2.722
2.722
2.475
2.475
2.475
2.475
2.475
2 475
2.475
2.475
2.475
1,532
1,487
1,981
1,769
MISCELLANEOUS
Fur sales by dealers
thous. of dol
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft shipments c?
Exports
--
--
number. _
do. _
400
196
456
223
474
178
439
189
301
156
272
188
284
143
228
170
158
161
116
129
167
139
225
'52
326
number
_ do
- do- __
- do
_ _ _ do__ do
do
518, 118
545
423
402, 402
385, 834
115, 171
99, 925
543, 118
514
494
436, 392
422, 149
106, 212
91, 808
481, 467
564
511
394, 703
380, 489
86, 200
75, 518
593, 640
632
522
493, 882
480, 009
99, 126
89, 174
579, 048
439
399
483, 261
471,752
95,348
85, 427
657, 664
444
420
557, 370
544, 630
99, 850
89, 989
626, 1 80
298
274
534, 493
521, 524
91, 389
82, 487
572, 917
322
275
487, 891
476, 461
84, 704
76, 584
455, 008
308
279
381, 951
373 838
72, 749
66, 090
358, 471
369
353
291, 358
284, 097
66, 744
60, 784
581 695
219
194
487, 854
475, 495
93, 622
84, 354
474, 826
133
128
385, 025
377, 185
89, 668
80, 939
579 445
199
170
469, 529
461, 119
109, 717
99, 796
_ do_ __
do
-do
_ do
- _._.do
do
do
do
31,717
15, 673
16,044
2,634
2,510
1,254
1,256
124
30, 004
14, 598
15, 406
2, 760
2,568
1,231
1,337
192
25, 094
12, 420
12, 674
2,752
2,631
1,426
1,205
121
22, 648
12,028
10, 620
2,817
2,686
1, 575
1,111
131
i 24, 397
13, 035
i 11, 362
2,197
2,109
1,314
795
88
i 20, 234
10, 853
i 9, 381
2, 601
2,504
1,482
1,022
97
i 21, 389
12,326
!9,063
1
i 17, 105
9, 145
i 7, 960
i 12, 545
6 957
1
5, 588
1
1
360, 584
87, 165
390, 932
78, 857
446, 251
86, 375
432, 470
79, 069
448, 477
76, 866
478, 556
85, 539
459, 647
89, 253
465, 765
86, 398
409, 702
79, 699
414 579
78, 805
12, 626
9,674
8, 958
2,952
76
74
69
2
11, 184
8,896
8,499
2,288
85
85
85
0
9,532
6,886
6,879
2,646
95
95
77
0
9,148
5,832
5,805
3,316
98
98
94
0
6,645
3,866
3,655
2,779
68
68
66
0
7,184
4, 251
4,245
2. 933
70
70
65
0
6,201
3,996
3,936
2,205
93
93
87
0
4,537
2,833
2,828
1,704
90
90
84
0
4,456
2 729
2,649
1 727
85
85
76
o
3,432
2,052
1,950
1,380
80
80
75
0
2, 395
1,006
1,006
1,389
61
61
61
0
2,051
922
917
1,129
64
64
64
0
1,712
830
830
882
87
87
87
1,763
1, 767
1,770
1,771
1,769
1, 767
1 766
1,765
1 763
1 750
1,745
1,742
1 739
94
5.5
63, 410
38, 654
24, 756
98
5.7
53, 975
30, 850
23, 125
109
6.4
45, 057
23, 816
21, 241
113
6.6
36, 331
19,368
16,963
126
7.4
31,746
16, 474
15, 272
125
7.3
26, 599
13,473
13, 126
124
7 3
20, 609
9,419
11, 190
132
7.7
16, 183
6,442
9,741
130
7 7
12, 661
4,122
8 539
134
8 0
12, 861
2,447
10 414
141
8 4
17, 766
4,550
13, 216
139
8.3
25, 647
8,455
17 192
128
7 8
27, Oil
10, 715
16 296
2,650
8.3
2,602
8.3
2,737
8.8
2,665
8.7
2,833
9.3
2,949
9.8
2,992
10 0
3,189
10 8
3,297
11 3
3,204
11 1
3,454
12 2
3,498
12 5
3,407
12 3
35
26
9
1,287
1,287
0
r
50
10
MO
38
17
21
1, 134
1, 134
0
113
43
70
30
10
20
1,043
1,043
0
90
7
83
29
10
19
1,098
1,098
0
123
69
54
25
7
18
984
984
0
73
17
56
23
6
17
873
873
21
5
16
775
775
17
2
15
816
816
15
I
14
954
954
13
o
12
12
11
13
885
885
12
1,130
1 130
12
1,099
1 099
11
1,088
1 088
65
12
53
80
4
76
62
25
37
65
5
60
107
31
76
102
48
54
48
2
46
247
214
33
199
142
57
208
179
29
205
175
30
168
133
35
202
183
19
185
168
17
254
235
19
227
197
30
232
186
46
199
180
19
183
146
37
-
MOTOR VEHICLES
Factory sales total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks, total
Domestic
-
Exports total
Passenger cars
Trucks
.Truck trailers production, total _ Complete trailers
Vans
All other
Chassis shipped as such
Registrations:
New passenger cars
New commercial cars
-
_.do
_-do
20, 063
11, 197
8, 866
1
14, 760
8,524
6, 236
1
2
382, 657
67, 003
2
17, 965
8 345
9, 620
1
2
409 338
72 101
2
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number__
Equipment manufacturers, total
_ do
Domestic
do
Railroad shops, domestic
__
_ do _
Passenger cars total
do
Equipment manufacturers, total _ _ do.
Domestic
do
Railroad shops, domestic
_ __do
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
thousands
Undergoing or awaiting classified repairs
thousands. Percent of total on line
_ __
Orders, unfilled
number. Equipment manufacturers
do
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number.Percent of total on line
_ _
Orders, unfilled:
Steam locomotives, total
number-Equipment manufacturers
do
Railroad shops _ _ _
_ do
Other locomotives, total
do
Equipment manufacturers
_ _ do
Railroad shops
do
Exports of locomotives, total
do
Steam
do
Other - do
o
o
o
o
o
o
o
o
o
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
-
.
numberdo
do
r
Revised.
i Excludes "special category" exports not shown separately in the interest of national security. *2 Includes
-Liiuiuueb estimate
esiuiiaie fo;
ior Arkansas.
cf Publication of data for military shipments and the total, formerly shown here, has been discontinued
A
itinued by the Civil Aeronautics
Administration.
§Not including railroad-owned private refrigerator cars.
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 : 1950
o
o
o
-INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
38
Abrasive paper and cloth (coated) __
24
Acids
7
Advertising
2
Agricultural income and marketings
15
Agricultural wages, loans
22
Airline operations.
Aircraft
11,12,14,40
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,27
Aluminum
33
Animal fats, greases
25
Anthracite
2,5,10,12,14,15,34
Apparel, wearing
5,7,8,9,11,12,14,15,38
Armed forces
.
10
Asphalt and asphalt products
36
Automobiles
2,3, 7,8, 9,11,12,14,18, 21
Balance of payments
20
Banking
15,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages, alcoholic
2,27
Bituminous coal
2,5,10,12,14,15,34,35
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
33
Brick
5,38
Brokers' loans
16,19
Building contracts awarded
6
Building costs
6, 7
Building construction (see Construction).
Building materials, prices, retail trade
5, 7,8,9
Business, orders, sales, inventories
3
Businesses operating and business turn-over _ _
4
Butter
__
27
Candy
29
Cans, metal
33
Capital
flotations
18,19
Carloadings
„
22,23
Cattle and calves
29
Cement
2,5,38
Cereal and bakery products, price
5
Chain-store sales
9
Cheese
27
Chemicals
2,3, 5,11,12,14,15,18, 21, 24
Cigars and cigarettes
30
Civil-service employees
12
Clay products (see also Stone, clay, etc.)
2,38
Clothing
5,8,9,11,12,14,15,38
Coal __
__
2,5,11,12,14,15,34,35
Cocoa,
29
Coffee
22,29
Coke
2,35
Commercial and industrial failures
4
Construction:
Contracts awarded
,
6
Costs
6,7
Dwelling units started
6
Employment, wage rates, earnings, hours. _ 10,
11,12,13,14,15
Highway
6,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1,8
Consumers' price index. _ .
5
Copper
21,33
Copra and coconut oil
25
Corn
19,28
Cost-of-living index (see Consumers' price
index)
5
Cotton, raw, and manufactures
2,
4,5,11,12,13,14,21,38,39
Cottonseed, cake and meal, oil
25
Crops
2,4,25,28,30
Currency in circulation
18
Dairy products-..
Debits, bank
Debt, short-term, consumer
Debt, United States Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payment;; and rates
Drug store sales
Dwelling units started
2,4,5,27
15
16
17
8,9,10,16
15,16,18
13
27
1,18, 20
8, 9
6
Earnings, weekly and hourly
13,14,15
Eggs and poultry
2,4, 29
Electrical equipment
3,4, 7,34
Electric power, production, sales, revenues
26
Employment estimates
10,11,12
Employment indexes
11
Employment security operations
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
24
Exports (see also individual commodities)
21
Express operations
22
Factory, employment, pay rolls, hours, wages. _
10,
11,12,13,14,15
Failures, industrial and commercial
4
Farm income and marketings
2
Farm wages
15
Farm products, and farm prices
2,4
Fats and oils
5,25,26
Federal Government,
finance
16,17
Federal Reserve banks, condition of
15,16
Federal Reserve reporting member banks
15,16
Fertilizers
5,24
Fiber
products
34
Pages marked S
7
fish
25,29
25
31,32
28
2,3,
4,5, 7,8,9,11,12,13,14, 27, 28, 29,30
Footwear.
2,5,8,9,11,12,14,31
Foreclosures, real estate
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21,22
Foundry equipment
34
Freight cars (equipment)
40
Freight carloadings, cars, indexes
22, 23
Freight-car surplus and shortage
23
Fruits and vegetables
2,4,5,21,27
Fuel equipment and heating apparatus
33,34
Fuel oil
35
Fuels
2,5,35
Fur
_
22,40
Furnaces
34
Furniture..
2,5,7,8,9,11,12,13,14
Gas, customers, sales, revenues
26
Gasoline
36
Glass and glassware (see also Stone, clay, etc.). 2,38
Generators and motors
34
Glvcerin
_
24
Gold
18
Grains
4,19,21,28
Gross national product
1
Gypsum
38
Heating and ventilating equipment
33,34
Hides and skins
5,22,30
Highways
6,7
Hogs
29
Home-loan banks, loans outstanding
7
Home mortgages
7
Hosiery
5,38
Hotels
11,13,15,23
Hours of work per week
12,13
Housefurnishings
5, 7,8,9
Housing
5,6
Immigration and emigration
23
Imports (see also individual commodities)
21, 22
Income, personal
1
Income-tax receipts
16
Incorporations, business, new
4
Industrial production indexes
2,3
Instalment loans
16
Instalment sales, department stores
9
Insulating materials.
34
Insurance, life
17,18
Interest and money rates
16
International transactions of the U. S
20, 21, 22
Inventories, manufacturers' and trade
3,9,10
Iron and steel, crude and manufactures
2,3,
4,5,11,12,13,14,21,32,33
35
Kerosene
.
_.
10
Labor force
13
Labor disputes, turn-over.
Lamb and mutton
29
29
Lard
Lead.
33
Leather and products
2,3,5,11,12,14,30,31
Linseed oil,
25
Livestock
2,4, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
7,15,17,19
Locomotives
40
Looms, woolen, activity
39
Lubricants
35
Lumber
._ 2,5,11,12,14,31,32
Machine activity, cotton, wool
39
Machine tools
34
Machinery
__
2,3,4,11,12,14,18,21,34
Magazine advertising
7
Mail-order houses, sales
10
Fire losses
Fish oils and
Flaxseed
Flooring
Flour, wheat
Food products
Manufacturers' sales, inventories, orders
Manufacturing production indexes
3,4
2,3
Meats and meat packing
2,4,5,11,12,13,14,29
Metals
2,3,4, 5,10,11,12,13,14,18,32,33
Methanol.
24
Milk
27
Minerals
2,3,12,14,15
Money supply
18
Mortgage loans
7,15
Motor fuel
36
Motor vehicles
8,40
Motors, electrical
34
National income and product
1
Newspaper advertising
7
Newsprint
22,37
New York Stock Exchange
19,20
Oats
28
Oil burners
34
Oils and fats
5,25,26
Oleomargarine
26
Operating businesses and business turn-over, _
4
Orders, new, manufacturers'
4
Paint and paint materials
5, 26
Paper and pulp
2,3, 5,11,12,14,36,37
Paper products
36,37
Passports issued
23
Pay rolls, indexes
12
Personal consumption expenditures
8
Personal income
1
Personal savings and disposable income
1
Petroleum and products
2,3,
5,10,11,12,14,15, 21, 22,34,35,36
Pig iron.,,.,
32
Pages marked S
Plant and equipment expenditures
1
26
Plastics and resin materials, synthetic
Plywood
31
Population
10
Pork
29
8
Postal business _
Postal savings
16
Poultry and eggs
2,4,5,29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
4
Retail price indexes
5
Wholesale price indexes
5
Printing
2,3,11,12,15,37
Profits, corporation
18
Public utilities... 1,5,10,11,13,14,15,17,18,19, 20
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
5
Radio advertising
7
Railways, operations, equipment, financial statistics, employment, wages
1,
11,12,13,14,15,17,18,19, 20, 22, 23,40
Railways, street. (See Street railways, etc.)
Rayon, and rayon manufactures
2,5,39
Real estate
.
7
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Refrigerators
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores, department stores, mail order, rural sales, general merchandise
3,4,8, 9,10
Rice
28
Roofing and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
22,37
Rubber industry, production index, sales, inventories, employment, pay rolls, hours,
earnings
2,3,11,12,14,15
Rye
28
Savings deposits
16
Savings, personal
1
Securities issued
18,19
Service industries, employment
11
Sewer pipe, clay
38
Sheep and lambs
29
Shipbuilding
11,13,14
Shoes
2,5,8,9,11,12,14,31
Shortenings
26
Silk, imports, prices
5,22,39
Silver
18
Skins
5,22,30
Slaughtering and meat packing
2,
11,12,13,14,29
Soybeans, and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap
32
Stocks, department stores (see also Manufacturers' inventories)
10
Stocks, dividends, issues, prices, sales, yields..
20
Stokers, mechanical
34
Stone, clay, and glass products
2,
11,12,13,14,38
Stoves
34
Street railways and buses
13,14,15, 22
Sugar__
_
22,30
Sulfur
24
Sulfuric acid
24
Superphosphate
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
10,13,14,15,23
Textiles
2,3,5,11,12,13,14,21,38,39,40
Tile
38
Tin
22,33
Tires and inner tubes
5,11,12,14,15,37
Tobacco
2,3,4,7,11,12,13,14,30
Tools, machine
_
34
Trade, retail and wholesale.. 3,4,8,9,10,11,13,14,15
Transit lines, local
15, 22
Transportation, commodity and passenger
22,23
Transportation equipment
2,3,4,11,12,13,14,40
Travel
23
Truck trailers
_
40
Trucks
40
Turpentine and rosin
24
Unemployment and unemployment compensation
10,13
United States Government bonds
17,18,19
United States Government,
finance
16,17
Utilities
_ _ _ . 1,5,10,11,13,14,15,17,18,19, 20
Vacuum cleaners
34
Variety stores
8,9
Vegetable oils
25,26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
Washers
Water heaters
__
Wax
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
13,14,15
34
34
36
19,28
5
10
36
2,5,22,39,40
33
Opportunities for Trading Aronnd the World
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SOURCES of foreign raw materials and merchandise for import to United States.
LISTS of businessmen from abroad visiting the
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BUSINESS and industrial developments abroad.
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WORLD economic conditions.
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