Full text of Survey of Current Business : May 1952
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MAY 1952
JSJNH
U. S. DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OFFICE OF BUSINESS ECONOMICS
OF C U R R E N T
SURVEY
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No. 5
MAY 1952
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THE BUSINESS SITUATION . . . .
Review of National Income and Product in the First
Quarter of 1952
.
if
*
1
3
*
SPECIAL ARTICLES
1
Labor Income in the Postwar Period .
14
Foreign Aid in 1*551
International Exchange of Services
A $3-Billion Two-Way United States Market . . . 1 8
*
*
*
MONTHLY BUSINESS STATISTICS . . . . S-l to S-40
Statistical Index . . . . . . . . . . Inside Back Cover
Published by the 17. S. Department of Commerce, C H A R L E S S A W Y E R ,
Secretary. Office of Business Economics, M, JOSEPH MEEHAN,
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DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. Mez,
203 W. Gold Are,
Memphis 3, Teno.
229 Federal Bids.
Atlanta 3, Ga.
86 Foray th St. NW.
Miami 32, Fla.
36 NE. First St,
Baltimore 2, Md.
200 E. Lexington St.
Milwaukee 2, Wis.
207 E. Michigan St.
Boston 9, Mass.
40 Broad Si,
Minneapolis 2, Minn.
607 Marquetfe Ave.
Buffalo 3, N. Y.
117 Ellicott Sti
Mobile 10, Ala.
109-13 St. Joseph St,
Butte, Mont.
306 Federal Bldg.
New Orleans 12, La.
333 St, Charlea Ave,
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
New York 36, N. Y.
2 West 43d St .
Cheyenne, Wyo.
308 Federal Office Bldg.
Oklahoma City 2, Okla,
114 N, Broadway
Chicago 1, III.
221 N. LaSaSle St,
Omaha, Nebr.
403 So. 15th St.
Cincinnati 2, Ohio
105 W. Fourth St<
Philadelphia 7, Pa.
1015 Chestnut St.
Cleveland 14, Ohio
925 Euclid Ars,
Phoenix, Ariz.
311 N, Central Ave.
Dallas 2, Tex.
1114 Commerce St*
Pittsburgh 22, Pa.
717 Liberty Ave,
Denver 2, Colo.
142 New Custom Hoctse
Portland 4, Oreg,
520 SW. Morrison St,
Detroit 26, Mich.
1214 Griswold St,
Providence 3, R. I.
327 Posl OSice Annex
El Paso, Tex.
Chamber of Commerce
Bldg.
Reno, Nev.
1479 Wells Ave,
Hartford 1, Coan.
135 High St.
Richmond, Ya,
400 East Main St,
Houston 2, Tex,
1018 Preston Ave.
St, Louis 1, Mo,
1114 Market Si,
Jacksonville 1, Fla.
311 W. Monroe St<
Salt Lake City 1, Utah
109 W. Second St., So.
Kansas City 6, Mo.
903 McGee St.
San Francisco 2, Calif.
870 Market St.
Los Angelea 15, Calif.
112 West 9th St0
Savannah, Ga.
125-29 Ball St,
Loaiaviile 2, Ky.
631 Federal Bid*.
Seattle 4, Wash.
123 U. S. Court House
For local telephone listing? consult section
devoted to U, S, Government
MAY 1952
BY THE OFFICE OF BUSINESS ECONOMICS
JjUSINESS activity in the March-April period was little
changed except for a further rise in the Government sector.
National defense expenditures in April were one-eighth above
the first quarter monthly rate. As a result, the moderately
rising* trend in total national output has been extended into
the second quarter. Civilian employment increased by the
usual seasonal amount from March to April—to a total of
60 million.
Retail trade did not extend the modest gains made m the
preceding 6 months, on a seasonally adjusted basis. Dollar
sales of durable goods continued relatively low in March—13
percent below a year ago. In contrast, the iiondurables
groups reported sales only 2 percent lower. Persistent
cautious buying by consumers was reflected in less than a
seasonal increase in orders placed with manufacturers, particularly for consumer durables, and in moderate declines in
sales and output for a number of civilian industries. This
easing in orders was accompanied by further modest inventory liquidation by retailers and, on the other hand, by
additions to stocks of many consumer durables held by
manufacturers. For many of these items the stocks-sales
ratios have continued to be unusually high in March.
remaining $15 billion consists of Armed Forces pay and
purchases of other services.
In recent months, pay arid subsistence of the Armed
Forces have tended to level off as personnel approached its
projected peak, with the result that the increases in total
defense expenditures have been largely in military hard
goods and construction. A }Tear ago these items comprised
Goods Production
Durable goods now 34 percent of total output
too
\
75
NONDURABLE GOODS
A.ND SERVICES
y
so
Durables output more important
Throughout the past 2 years, the economic situation has
been characterized by the unevenness of developments in
various sectors of the economy. One aspect of this is indicated by the accompanying chart which shows the great
expansion in the durable goods industries. This segment
now accounts for an unusually large share of the national
output—34 percent—as a result of defense requirements and
the vast expansion underway in investment facilities.
This chart throws some light on what many individual
businessmen regard as a puzzling situation: namely, continued expansion of total output as depicted in the chart on
page 3 of this issue, and, at the same time, the occurrence of
widespread declines in particular lines of business. Expansion in the past year has taken the form of military equipment and new business plant and equipment, while goods
which move through normal channels of retail distribution,
such as the consumer durable goods, are down in volume
from a year ago. In some lines, the declines have been large,
in others only moderate, and in the important food segment
accounting for a third of total consumers' expenditures, the
volume has been sustained.
National defense expenditures were at an annual rate of
$45 billion in the first quarter of 1952. More than half of
this total consists of purchases of hard goods, such as airplanes, combat arid noncombat vehicles, ammunition, and
electrical equipment, and expenditures for military construction. Purchases of soft goods, including food and
clothing, represents about $4 billion of the total, and the
U9S8930—52
1
DURABLE GOODS
AND CONSTRUCTION .
1st
1952
Munitions and plant and equipment expenditures account
for the increase in total durable goods and construction
t 25
ALL OTHER
DURABLE
GOODS AND
IOO —
CONSTRUCTION
5
75 -
O
a
3
50 —
CONSUMERS'
DURABLE GOODS
MILITARY HARD
GOODS AND
CONSTRUCTION
1950
1951
1952
Fif?ST QUARTER, SEASONALLY ADJUSTED,
At,ANNUAL RATES
U S. DEPARTMENT ,OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
only one-fourth of the much smaller total of defense
expenditures.
The rise in purchases of military hard goods arid construction was from an annual rate of $7.5 billion in the
first quarter of last year to about $25 billion in the first
quarter of 1952.
Pattern of military expenditures
In view of the very slow rate at which the size of the
Armed Forces is scheduled to increase from the current
position, expenditures for pay and subsistence are likely
to remain relatively stable so that further increases in defense expenditures in the remainder of this year will reflect
increasing deliveries of munitions. By the year-end, munitions and military construction will thus comprise a much
larger proportion of total national security expenditures
than at the present time.
The existing pattern of purchases is reflected in the
greater strength shown by production and prices of durable
goods for defense and capital use than in many soft-goods
industries. Merchandising efforts in most lines of consumer
goods are being intensified,
Wholesale and consumer prices remain stable, on the
average, with supplies increasingly adequate and buying
conservative.
Food prices have drifted downward, and
some other commodities have been reduced, but a wide
range of commodities remain at peak prices, with some
ceilings being advanced.
Lower prices prevailed for certain types of raw materials
while most finished industrial products remained firm.
Major cost elements other than purchased materials moved
sideways or edged upward. With respect to one such cost,
the Interstate Commerce Commission on April 11 authorized
increases in railroad freight rates amounting to 6.8 percent,
on a weighted average basis, over rates currently in effect.
Credit restrictions eased further
In recognition of the waning inflationary pressures, a
number of Government agencies have taken steps to relax
existing controls. The Federal Reserve Board on May 7
suspended the regulation on consumer installment credit.
Following the reinstatement of Regulation W in September
1950, the rise in installment credit was checked and has
remained fairly stable since March of 1951. A few days
earlier the Board suspended the Voluntary Credit Restraint
program.
Price controls were suspended for additional commodities
in April and early May, chiefly raw materials which have
fallen substantially below their recent peak levels. Controls were also relaxed on additional materials by the National Production Authority to liberalize their consumption
by producers. Thus, we have a mixed picture of price
changes within an over-all average which, as indicated
above, continues to move sideways.
Manufacturers' backlogs remain large
Business buying showed a somewhat smaller-than-seasonal
increase from February to March. New order volume has
been fairly steady since the middle of last year, about onefifth below the buying climax of March 1951. The only
major industry group, electrical machinery and equipment,
which received new orders in March in heavier volume than
a year ago is closely tied in with the current great expansion
of industiral capacity and also with materiel destined for
the Armed Forces.
May 1952
The fact that the unfilled orders backlog has remained at
the peak level of roughly $63 billion for the last 3 months,
plus the fact that the military authorities will shortly have
the 1953 funds for further placements, points to the broad
foundation of current industrial activity. The bulk of the
unfilled orders is, of course, for durable goods and especially
for machinery, both electrical and nonelectrical, and transportation equipment including motor vehicles and parts.
For the durable-goods industries as a whole, they represent 5
months' sales. Backlogs in the nondurable-goods industries
appear to have leveled out in February and March at a
volume somewhat less than half that of the 1951 peak
amount.
Industrial output in April, aside from modest losses of
production in the steel industry, was maintained around the
high first-quarter rate. In the case of steel, operations have
been interrrupted for short periods as a result of the labor
dispute in the industry. Steel output in April, as a whole,
was about 10 percent below the record March volume, and
there has been some further loss of tonnage in May. Decreases in output also occurred in other industries for various
reasons, but these were of small proportions and largely
offset by increases elsewhere.
Mixed industrial trends
In general, output of producers' durable goods was in
large volume, particularly in the metalworking plants
turning out defense orders. Shipments of machine tools,
which were at a postwar peak in March, apparently experienced some further gain in April.
Automobile plants increased their activity as material
supplies eased and in anticipation of the spring selling season.
Assemblies in April totaled 525,000 units—415,000 passenger
cars and 110,000 trucks—the best month's volume since
July 1951. It should be pointed out, too, that the industry
is heavily engaged in the production of defense materiel.
In the fourth quarter of 1951, shipments against rated
orders accounted for approximately 20 percent of total
shipments of the industry.
Output of other consumer durables, on the basis of preliminary information, declined from March to April. The
number of television sets produced dropped nearly onefourth on a daily average basis although radio production
held steady. Plants producing such important consumer
durable goods as refrigerators, farm and home freezers,
electric ranges, and washing machines curtailed operations
in April and again in May for inventory adjustments with
consequent layoffs in production workers. Stocks of most
of these household appliances in manufacturers' warehouses
and in the hands of distributors at the end of March were
the highest in the postwar period.
Among the nondurable goods industries, decreases occurred
in the output of textiles, paperboard, leather and products,
and some nonindustrial chemicals. Textile output, which
had moved up in the early months of the year following a
steady decline throughout most of 1951, again declined
in March and early April. As a result, mill activity returned
to the low point reached last December. A similar though
less pronounced pattern developed in the paperboard
industry. New orders in this industry have been generally
below production for nearly a year and backlogs have been
reduced by close to one-half from year-ago levels.
For most other nondurables, including food, newsprint,
motor fuel, and industrial chemicals, production expanded
somewhat or was generally maintained at the first-quarter
rate.
Review of National Income and Product
In the First Quarter of
_L HE economic position in the first quarter of the year
was one of over-all gradual expansion. In the various
segments of the economy, however, rates of change continued
co differ widely.
As a result of sustained demand and a somewhat easier
supply situation, the market value of the Nation's output
of goods and services, as measured by the gross national
Gross National Product:
Final Purchases rise steadily but Inventory
Accumulation is sharply reduced
Billions of Dot lars
400
350 6SOSS NATIONAL PRODUCT
300 —
^* FINAL PURCHASES
CHANGE IN
BUSINESS INVENTORIES
250
Government Purchases and Fixed Investment rise
as Personal Consumption remains sluggish
350
FINAL
1952
An estimate of total income arising in production is not
yet available because of the lack of adequate corporate
profits data for the first quarter. However, the sum of other
types of production incomes shows a gradual uptrend
similar to that of the gross national product.
With respect to corporate profits, company reports
published to date indicate first quarter figures, both before
and after taxes, substantially below those of the corresponding period of last year. The large declines, it should
be noted, are attributable to the fact that inventory profits
were at an annual rate of $9 billion in the initial quarter
of 1951, when inventory cost prices were rising, but were
negligible in the current period of relative price stability.
Personal income—the sum of income receipts of persons
from all sources—was at an annual rate of $258 billion, only
$1 billion higher than in the preceding quarter. The smaller
increase in this series than in the measures of national output
is attributable in part to a drop in the ratio of corporate
earnings disbursed to stockholders. Fourth-quarter 1951
dividend payments had included an appreciable volume of
extra and special disbursements made at the year-end.
In addition, two other factors were operative. Fourthquarter 1951 personal income had been raised by sizable
retroactive payments to Federal civilian employees which
were absent in the first. Deduction in the first quarter of
the initial payments of social-security contributions by selfemployed persons under the extended coverage of the Social
Security Act served further to lower personal income in relation to the final quarter of last year.
PURCHASES
300
Final demand form
250
200
P E R S O N A L CONSUMPTION
EXPENDITURES
100
50
1950
1951
1952
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
52 - 66
product, increased at seasonally adjusted annual rates
from $334% billion in the final quarter of last year to $339%
billion in the first quarter of 1952. This moderate increase represented in the main a larger physical volume of
production.
The pattern of first quarter economic developments, particularly when viewed as a continuation of tendencies that
were in evidence during the second half of 1951, suggests a
gradual and orderly build-up in the pace of economic activity.
The chart shows the continued potency of total final demand,
that is, aggregate demand other than the net draft on current
production by the business community for inventory purposes. Aside from the two post-Korean buying splurges,
this demand, in the aggregate, has displayed a remarkably
even pattern of growth since early 1950. This is so despite
substantial changes in the composition of final demand. Over
the past year, for example, personal consumption has not
shown the expansion manifest in fixed capital investment and
government procurement, and in some consumption lines
there have been sharp contractions.
In contrast to the even trend of aggregate final demand,
gross national product has shown a marked shift in tempo.
It advanced much more rapidly than final demand during the
first year of the mobilization program, under the added pressure of the tremendous wave of forward buying. Since mid1951, it has increased at a less rapid pace, as the rate of
inventory accumulation steadily subsided.
The significance of the shift in the inventory position is
readily seen in the fact that for the past three quarters the
growth in final purchases has been met by declines in the
SURVEY OF CURRENT BUSINESS
rates of inventory accumulation as much as by the increases
in national output. The average quarterly increase in final
purchases since mid-1951 has amounted to $9 billion, at
annual rates, whereas the average increase in national output
has amounted to only $4 billion, the balance being made up
May 1952
by a $5 billion average decline in the rate of inventory accumulation. By the end of the first quarter of the year, the
curves of output and final purchases had nearly converged,
as the rate of inventory accumulation dwindled to negligible
proportions.
Table 1.—National Income and Product, 1951 and First Quarter 1952 1
[Billions of dollars]
1Jnadjusted 1
2
1951
Se asonally a<Ijusted at jmnual rate s
19 51
I
III
II
19 51
1952
IV 2
I
II
III
269.4
274.3
278.0
280.1
177.5
168.9
140.6
8.9
19.4
8.7
180.6
171.7
141.3
9 6
20.9
8.9
182 0
173.1
142.0
2.4
172.1
163.6
137.1
7.8
18.8
8.5
8.9
9 0
12.1
6.0
4.0
2.1
48.8
24.1
16.4
8.3
48.1
23.6
16.3
8.2
49.1
23.4
17 3
8.4
49.8
23.6
17 6
8 5
48 6
24 2
15 9
8 5
43.0
45.4
25 9
19 4
—2.3
42
39
22
17
2
42
40
22
17
2
I
IV 2
1952
I
NATIONAL INCOME BY DISTRIBUTIVE SHARES
National income
Compensation of employees
Wages and salaries '
Private .
Military
Government civilian
Supplements to wages and salaries _
_ __
275.5
66.0
68.5
70.1
70.8
178.1
169.4
140.3
8.7
42.4
40.2
33.4
1.9
4.8
2.3
44.3
42.0
34.8
2.2
4.9
2.3
45.3
43.2
35.9
2.4
4.9
2.2
46.1
44.1
36.1
C33)
()
2.0
48.9
23.7
16.9
8.3
12.2
6.0
4.1
2.1
12.0
5.9
4.1
2.0
12.3
5.8
4.3
2.1
12.4
5.9
4.4
2.1
42.8
44.3
25.3
18.9
-1.5
10.0
12.2
7.0
5.2
-2.2
10.8
11.4
6.5
4.9
-.6
11. 1
10.4
59
4.4
.7
10.9
10.3
5.9
4.4
.6
.0
42.9
51.8
29.6
22.2
-8.9
5.7
27.7
1.4
6.4
1.4
6.8
1.4
7.0
1.5
7.6
1.5
77
5.6
25.2
5.7
27 0
58
29 0
58
29 7
59
30 5
327.8
78.5
79.4
82.0
88.0
83.6
319.5
328.2
329 5
334 6
339 7
205.5
26.8
111.8
66.8
49.5
6.9
26.1
16.5
49.9
6.3
26 9
16.7
50.0
6.2
27 1
16.6
56.1
7.4
31 7
17.0
49 6
5. 5
26 8
17.4
208.8
31.3
112 1
65.4
202 4
25.9
110 1
66 5
204 0
25 2
111 5
67 3
206 7
25 0
113 6
68 1
209 6
25 0
115 6
69 0
59.1
22.2
10 9
11.3
27 3
9.7
8.0
16.7
5.0
2.6
2.4
6 4
5.3
4.9
14.4
5.7
2 8
2.9
70
17
1.2
14.7
6.1
29
32
6 5
2 0
1.6
13.4
5.4
2 7
2.7
7 4
7
3
15 1
4 8
2 2
2 7
7 6
2 7
2 3
60.2
23.8
12 9
10 9
25 9
10 6
9.1
65
22
10
11
27
15
14
56 6
21 6
9 8
11 8
27 0
80
6 2
54
20
10
10
29
4
3
53
22
10
11
30
(3)
(3)
_
Proprietors' and rental income 4
Business and professional
Farm
Rental income o f persons _ _ _
__,
Corporate profits and inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
In ven tor y valuation ad j ustment __ .
_
__
__
Net interest
_ _
Addendum: Compensation of general government employees
(3)
45.8
43.3
35.3
(3)
(3)
(3)
(3)
(3)
(3)
6
8
8
0
8
(3)
(3)
5
0
9
i
5
(3)
185 8
176 8
144 9
(3)
(3)
(3)
(3)
(3)
(3)
— 1
GROSS NATIONAL PRODUCT OR EXPENDITURE
Gross national product.
.
Personal consumption expenditures
Durable goods.
Nondurable goods
Services
_
Gross private domestic investment
New construction
Residential nonfarm
Other.. .
Producers' durable equipment
Change in business inventories, total
Nonfarm only
.
_
_
.2
—.7
.0
.3
6
6
—2.7
6
7
9
7
2
8
1
i
12
2 5
63.0
41.8
37 5
34 1
3.4
4 2
.2
21.4
13.0
8.1
7.2
6.4
.8
.9
.0
4.9
15 2
9.8
88
7 9
.9
9
.0
6.5
17 0
11.6
10 5
9 6
.8
12
.0
5.5
17 8
12 3
11 0
10 1
9
13
.0
55
18 4
13 1
11 8
11 2
6
13
.0
53
53 2
32.4
28 9
25 6
3.3
35
.2
21.0
60 3
39 1
35 3
31 7
36
37
.2
21 3
67 7
46 4
41 8
38 6
32
4 6
.2
21 4
70 7
49 2
44 1
40 5
36
51
.2
21 7
74
52
47
44
2
5
Persona] income
251.1
60.0
62 2
63 2
65 8
63 0
244 1
249 9
253 2
257 0
257 9
Less: Personal tax and nontax payments
Federal
State and local
Equals: Disposable personal income.
__
Less: Personal consumption expenditures
Equals: Personal saving
_
28 4
25. 5
30
222.6
205 5
17.2
10. 5
9.6
9
49.5
49.5
.0
5 7
4 9
8
56 5
49 9
6.6
6 4
5.8
7
56.7
50 0
6.8
59
52
6
59 9
56 1
3.8
11 5
10 5
1 0
51 5
49 6
1.8
27 6
24.7
2 9
216.5
208 8
7.8
28 1
25 1
30
221 8
202 4
19.4
28 4
25 4
30
224.9
204 0
20.8
29 7
26 7
31
227.2
206 7
20.5
31 6
28 4
3 2
226 3
209 6
16.7
327.8
78.5
79.4
82.0
88.0
83.6
319. 5
328.2
329.5
334 6
339 7
23 5
25 4
.8
3 2
5
56
6 3
.2
5
.2
58
6 2
.2
1l
.2
59
6.3
.2
5
.1
61
6 6
.2
4 2
.0
6 3
6 4
.2
22 6
25.9
.8
16
.8
23 1
24 9
.8
59
8
23 7
25 1
.8
2 3
.4
24 5
25 8
.8
35
.i
25 1
26 3
8
275.5
66.0
68.5
70.1
70.8
(3)
269.4
274.3
278.0
280 1
(3)
42.8
8.5
.0
11.7
4.9
9.4
.8
10.0
2.3
.0
2.9
1.1
2.1
.2
10.8
2.3
.0
2.9
1.4
2.2
.2
11.1
2.1
.2
2.9
1.1
2.2
.2
10.9
1.8
-.2
3.0
1.3
2.9
.2
(3)
42.9
8.3
.0
11.5
4.8
8.8
.8
43.0
8.4
.0
11.8
4.8
9.6
.8
42.6
8.5
.7
11.8
4.8
9.6
.8
42.5
8.6
—.7
11.8
4.9
9 8
.8
(3)
2.8
.0
3.0
1.1
2.2
.2
251.1
60.0
62.2
63.2
65.8
63.0
244.1
249.9
253.2
257.0
_
_
._
...
Net foreign investment— ._
Government purchases of goods and services
FederaL
_
_ _
National security
National defense
Other national security. .
Other
Less: Government sales
State and local. _
._
___
_ _ _ _ _
__
_
6
7
1
6
o
9
3
4
7
9
9
4
2
—1 2
20
7
5
2
9
4
2
2
22 4
DISPOSITION OF PERSONAL INCOME
_ _ __
_ _ _ _ _ _
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 .
Equals: National income
Less: Corporate profits and inventory valuation adjustment..
Contributions for social insurance
_
_.
Excess of wage accruals over disbursements
Plus: Government transfer payments
Net interest paid by Government
_
Dividends
Business transfer payments
Equals: Personal income
1
2
_
Detail will not necessarily add to totals because of rounding.
Data for the fourth quarter of 1951 are the same as those in the February issue of the
SURVEY except that an actual estimate of fourth-quarter corporate profits has been introduced.
3
4
(3)
.1
Not available.
Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
(3)
4
9.1
o
11.9
4.9
91
.8
257.9
SUKVEY OF CURRENT BUSINESS
May 19f>2
Demand for Gross National Product
Government purchases of goods and services—Federal,
State, and local combined—in the first three months of 1952
rose to an annual rate of $74/2 billion, as compared with
$70% billion in the preceding quarter and $53 billion in the
opening quarter of 1951. The most dynamic element in this
total continued to be the purchases of the Federal Government for national defense purposes. These constituted 13
percent of total national output, as contrasted with 8 percent
a year ago, and accounted for practically all of the firstquarter increase in the government sector, the remaining
Components showing only small, offsetting changes.
Rise in defense
expenditures
National defense expenditures have risen steadily, although
their growth was slowed in the past two quarters. The average quarterly increase during the first nine months of 1951
amounted to $6 billion, at annual rates, falling to $3 billion
in the next six months.
This change in tempo is mainly attributable to the approach of the Armed Forces to their currently scheduled
strength, and it reflects the tapering of increases in military
and civilian defense-connected payrolls and in defense purchases of the related "soft goods" such as food, clothing, and
equipage. A reduction in net stockpile acquisitions since
September had a similar but less important influence in retarding the rise in total defense outlays. Most of the fourthand first-quarter increases in national defense expenditures,
accordingly, were concentrated in hard goods and in military
construction.
Advance in private fixed investment
At an annual rate of $53% billion, gross private domestic
investment in the first quarter was slightly less than in the
preceding quarter. Its major components, however, displayed sharply divergent movements. On the one hand, new
private construction and producers' durable equipment, which
taken together were virtually stable at $49-$50 billion at annual
rates throughout 1951, increased to $53 billion in the first
quarter. Construction showed the more rapid expansion of
the two.
Business inventory accumulation, on the other hand, continued a decline that has reduced net inventory investment
from the peak annual rate of $16 billion in the second
quarter of 1951 to less than $% billion in the first quarter of
this year. Approximately $4% billion of this decline occurred
in the March quarter and more than offset the increase in
fixed capital outlays, so that total domestic investment
registered a net decline of $1 billion from the preceding
quarter.
Construction shotvs broad advance
The value of new private construction put in place in the
first three months of 1952 was at an annual rate of $22%
billion, $2 billion higher than the preceding quarter. This
marked a considerable reversal of a downward trend that
had continued since the first quarter of last year. Almost
all of the major components of private new construction
shared in the first-quarter upturn. Exceptions were public
utility and farm construction, which were down slightly
after registering increases throughout 1951.
Private residential construction, which had been leveling
off in the second half of last year, showed a brisk 8 percent
advance in the first quarter. Moreover, the increase in the
number of new housing starts points to the further expansion
of residential construction in the coming quarter.
Among other factors, the step-up in home-building activity
in the March quarter reflected the smaller down-payment
requirements and lengthened mortgage maturities provided
for certain categories of moderately priced housing, an easing
of mortgage funds, and greater availability of materials.
Sizable first-quarter increases in commercial and institutional building after more than a year of steady decline also
reflected the eased supply situation. Industrial construction, the most vigorous of the major construction components
in the post-Korean expansion, more than recovered its
fourth-quarter setback.
Expenditures for producers' durable equipment advanced
$1% billion in the first quarter to an annual rate of $30%
billion—17 percent higher than in the corresponding period
last year. The upward movement in capital expenditures
for equipment, as well as for the related industrial plant,
has been concentrated in industries that are being expanded
under the long-range programs of defense mobilization,
notably in manufacturing and public utilities. Within
manufacturing, impressive gains were made in the metals
group as well as in petroleum, chemicals, and rubber.
Nonfarm inventories decline moderately
In the predominant nonfarm sector net inventory accumulation turned into moderate liquidation in the first quarter
of the year, despite a further small increase in the stocks of
manufacturers in the metals and machinery industries
supporting defense and capital goods demand. The extraordinary surge of buying for inventory account that has
been one of the most dynamic factors in the economy since
the last quarter of 1950 thus appears to have run its course.
The general outline of the inventory readjustment pattern
of the past several quarters is now more clearly discernible.
In the main, this readjustment represented a reaction to the
excessive stock build-up that had occurred as a result of
two main factors: anticipations of rising cost prices and of
commodity shortages which, on the whole, did not materialize;
and over-optimism with respect to consumer demand, generated among other causes by the two post-Korean buying
splurges and the rising level of income.
However, two other elements doubtless had a role: the
Government program of controls including the inventory
control program of the National Production Authority; and
the tightening of credit manifested both in higher carrying
charges on inventory investment and in qualitative controls.
The initial and sharpest break in the general wave of
inventory accumulation occurred in retail trade, where the
rate of accumulation started to drop markedly in the second
quarter of last year and, continuing to move sharply downward, turned into substantial liquidation in the third quarter.
Although the decline in retail stocks continued in the last
quarter of 1951 and in the opening quarter of this year, the
rate of decline has steadily diminished. The liquidation
eliminated the substantial additions to stocks that had been
made in the first half of 1951.
Wholesale trade inventories, in contrast, showed only
slight liquidation in the second half of 1951 and in the first
quarter of this year, following only minor accumulations in
the first half of last year.
Military and civilian goods patterns
In manufacturing, there was a noteworthy difference in
the inventory readjustment patterns of industries heavily
engaged in defense work as distinguished from those primarily engaged in the production of civilian goods. In the
case of the latter, the rate of inventory accumulation started
to drop sharply in the third quarter of last year (concurrently with the heavy liquidation of retail stocks) and, con-
6
SUEVEY OF CUERENT BUSINESS
tinuing downward, passed over into net inventory liquidation of moderate proportions in the following quarter.
While this decline continued into the first quarter of this
year, it appears to be tapering off. On balance the aggregate liquidation of these stocks has been far less than that
experienced at the retail level, so that most of the earlier
accumulation is still retained.
The rate of inventory accumulation in the defense-supporting industries did not start to decline until the fourth
quarter of last year. The drop in that quarter, however,
was quite substantial and was followed by a decline of similar
proportion in the first three months of this year. With
accumulation taking place throughout the past year and a
half, defense-industry inventories have reached a high plane.
The tapering off in defense inventory accumulation may
be due in part to the recent (stretch-out) revisions in the
military production schedules. It also reflects the operation
of the Controlled Materials Plan, which has undertaken to
prevent excessive stocking of key materials. But in large
measure it is attributable simply to the fact that inventories
in many lines have about reached the levels required to support the defense production schedules.
Decline in export surplus
Net foreign investment, which measures the excess of exports over imports (other than those financed by -unilateral
transfers) dropped in the first quarter, by about $% billion at
annual rates. The decline from the unusually high fourthquarter export surplus appears to have stemmed almost entirely from the increase in United States imports from abroad,
exports continuing to maintain the high level of the preceding
quarter.
The import advance marks a reversal of the decline experienced in the second half of 1951. To a considerable
degree, the latter decline had reflected the reduced rate of
buying by businesses seeking to readjust their greatly expanded inventory positions. This was part of the general
pattern of inventory readjustment discussed above. As these
stocks have been reduced the rate of United States buying
from abroad has been stepped up to levels more nearly in
line with current needs.
Consumer purchases edge upward
Personal consumption expenditures were at an annual
rate of $209% billion in the opening quarter of the year comared to $206% billion in the prior quarter. Most of the $3
illion change represented an increase in physical volume as
average consumer prices showed little change from the fourth
to the first quarter. This real increase appears to have
exceeded that of the preceding two quarters combined.
E
Consumer durables stabilizing
Consumer purchases of durables were at an annual rate of
$25 billion in the first quarter, virtually unchanged from the
previous three-months period. This stability followed a decline during previous quarters which in part was a reaction
to earlier anticipatory buying.
Over the course of the past year, the quarterly movements
of the automotive group and of other durables have displayed
markedly different patterns. The latter—furniture, household equipment, and other non-automotive durable goods—
have been firm at an annual rate of about $15% billion since
the third quarter of 1951, following a drop to $15 billion
from the $19 billion rate in the high first quarter of that
year. By contrast, automotive expenditures declined
throughout 1951 to an annual rate of $9% billion in the final
quarter, which was maintained in the opening quarter of
May 1952
this year. This compares with $12% billion in the first
quarter of last year and with the high point of $14% billion
in the third quarter of 1950.
Consumer purchases of nondurables advanced by $2 billion
to an annual rate of $115% billion in the first quarter, continuing to show the same gradual and persistent rise that
has characterized the movement of this series since the
second quarter of last year. Increases have been widely
distributed among the separate lines of expenditures comprising the group.
Consumer expenditures for services also continued to increase at about the rate which prevailed last year. The
advance of $1 billion to an annual rate of $69 billion in th^
opening quarter of this year was primarily attributable to
gradually rising rents.
The Flow of Income
Personal income in the first quarter of 1952, while rising
to a new high annual rate of $258 billion, showed a smaller
increase than in any quarter of 1951. The fortuitous elements contributing to this retardation have been enumerated
earlier in this review.
The increase of $1 billion in the total was less than half
of that registered by wage and salary receipts alone. Declines in the farm component of proprietors' income and in
dividend payments were partial offsets. The other components of personal income—rents, interest, and transfer payments—showed little change.
Private-industry payrolls advance
The first-quarter 1952 increase in total wage and salary
receipts, which brought the aggregate to an annual rate of
$173 billion, was somewhat dampened by the fact that fourthquarter 1951 receipts had included retroactive payments to
Federal employees covering services rendered in the third.
When allowance is made for this factor by measuring wages
and salaries on an accrual basis, as in the national income,
the first-quarter advance is seen to have amounted to $3%
billion at annual rate, as compared with $1% billion in the
preceding quarter.
Most of the advance—$3 billion—was in private-industry
payrolls. This is in marked contrast to the past year, when
the Armed Forces were expanding and Government payrolls
accounted for over two-fifths of the average quarterly rise in
total wages and salaries. The first-quarter increase in private wages and salaries exceeded substantially the average
quarterly increase in the latter half of 1951, and was about
three-fourths that in the previous two quarters.
Higher average hourly earnings were the primary factor
in the increase of private-industry payrolls in the first quarter.
Employment showed only small changes in most industries,
while average hours worked per week remained virtually the
same as in the fourth quarter 1951.
Industrially, the moderate increase in private payroll wa^1
widely spread. In manufacturing, wages and salaries of nondurable-goods industries showed a somewhat larger increase
than that of the durables group. A number of industries in
the nondurable group, notably apparel, leather, and textiles,
which had been drifting downward in the latter half of last
year, showed increasing firmness.
In the durables group, the building materials industries—
lumber and stone, clay, and glass—were off, paralleling the
declining rate of new construction last year. However, these
industries will be helped by the renewed upsurge of building
activity described above. The declines in the building ma(Continued on p. 24}
by Lawrence Grose ^-
Labor Income
In the Postwar Period
COMPENSATION of employees in the first quarter of
§1952 was at an annual rate of $186 billion, $3% billion higher
than in the previous quarter. This rise continued the
unbroken advance begun in early 1950 and brought compensation of employees 25 percent above the total just
prior to the Korean outbreak. 7
The major growth in employees compensation after mid1950 took place in the first year following the aggression,
as the economy quickly took up the remaining slack in the
labor force and production expanded sharply under the
direct and indirect influences of the national defense program.
Since the second quarter of 1951, when the economy entered
a period of relative stability in over-all production and prices,
the increase has slowed appreciably. Thus, by the second
quarter of 1951 employees' income had risen by $29 billion,
at annual rates, from the total of a year earlier, but the rise
since then has been $8 billion. Of this latter amount,
$3.5 billion is accounted for by the further advance of
government (including military) payrolls.
Compensation of employees is the largest component of
the national income, forming about two-thirds of the total
in the postwar years. It measures the income accruing to
persons in an employee status as wages and salaries and
supplementary labor income for their participation in current
production. Viewed from the employers' standpoint, it is
the direct cost of employing labor.
demand from consumers, business, and government. Payrolls in these industries, which comprise manufacturing,
construction, mining, and agriculture, have risen 26 percent
since the second quarter of 1950, compared with the 15
percent rfse in all other private
industries combined. As in
the case of total employees7 compensation, virtually all of the
payroll rise in the commodity producing sector had occurred
by the second quarter of 1951, with the growth since then
of only minor proportions.
PAYROLL INCREASES
since mid-1950 have been largest relatively in
Government and in commodity-producing industries
PERCENT INCREASE
60 —
50 -*
40 —
Post-Korean Developments
The impact of the mobilization program and other related
factors in the period subsequent to the Korean invasion has
had a markedly uneven effect on the industrial composition
of wages and salaries. The largest expansions have occurred
in government and in the commodity producing industries.
20 —
10 —
Defense needs expand government payrolls
Government payrolls have advanced steadily since mid1950 as a result of the continuous expansion of the Armed
Forces and of civilian personnel in defense activities. From
the second quarter of 1950 to the first quarter of this year,
government payrolls rose from $21 billion to $32 billion, at annual rates, or about 50 percent. More than one-half of the $11
billion increase occurred in military payrolls, and reflected primarily the sizable build-up in strength. Federal civilian activities accounted for about three-fifths of the remaining payroll
expansion, under the impetus of both augmented personnel
and a pay raise effective in the latter half of 1951. Increased
State and local government payrolls stemmed largely from
upward wage-rate adjustments.
Commodity producing payrolls up sharply
The private industry payroll rise since the onset of the
Korean conflict—$24% billion at an annual rate—has been
largely concentrated in the commodity producing area,
which initially was the chief beneficiary of the heightened
NOTE.—MR. GROSE IS A MEMBER OF THE NATIONAL INCOME DIVISION,
OFFICE OF BUSINESS ECONOMICS.
In this sector, the post-Korean increase in wages and
salaries through the second quarter of 1951 was especially
pronounced in the durable-goods manufacturing and contract construction industries. In these industries, employment, wage rates, and hours worked all showed significant
increases. Since mid-1951, declines have occurred in total
wage payments in some consumer durable-goods industries,
but in contract construction and those manufacturing
industries closely related to defense production wages in the
first quarter of 1952 exceeded second quarter 1951 totals.
For nondurable-goods manufacturing as a whole, the wage
advance from the second quarter of 1950 to the first quarter
of 1952 amounted to 17 percent—only half as large as in
durable-goods manufacturing and in construction. In most
types of nondurable-goods manufactures, wages in the first
quarter of this year were below the high points reached early
in 1951.
SURVEY OF CURRENT BUSINESS
8
Other private industry changes
Wagtes and salaries in the other sectors of the private economy have advanced since the middle of 1950 in much the
same pattern as in the government and commodity producing areas, but the increases have been markedly smaller. In
the distributive sector—comprising industries within trade,
transportation, and communications and public utilities—
they have clustered about 15 percent, while in the service and
finance group the increase averaged 12 percent.
COMPENSATION OF EMPLOYEES
rose from $117 billion in 1946 to
$178 billion in 1951
as wages and
salaries increased
52 percent....
lesser, though considerable, element in the payroll growth,
whereas the slightly lengthened workweek was of minor
significance. However, with both employment and hours
receding slightly from their mid-1951 levels, the total payroll
advance since that time has stemmed from a further, though
slackened, upward movement of average hourly earnings.
Summary Postwar Changes
It is useful to view these recent changes in employee compensation against the background of developments over the
post-World War II period. Along with other national income and product series for the years 1929-50 and descriptions of concepts and sources and methods, estimates of the
compensation of employees have been presented in the volume National Income—1951 Edition, a supplement to the
SURVEY OF CURRENT BUSINESS. Much of the discussion
which follows is based on the detailed industry data on employee compensation published in that report.
Compensation of employees covers the earnings of all
persons in an employee status, and is therefore heterogeneous in character. It encompasses a wide range of incomes,
with the earnings of corporate officials and the wages of domestic servants both represented in its totals. The data on
employee compensation available from national income
statistics are presently limited to an industrial distribution,
although for some purposes alternative distributions, such
as by occupation of recipient or by size of income, would be
desirable.
Employees' share of national income stable
due to average annual
earnings rising 37
percent....
60
and the number of
full-time equivalent
employees expanding
by 11 percent....
50
40
while supplementary
wage benefits kept
pace with the rise
in payrolls
Despite its sizable increase—from $117 billion to $178
billion—compensation of employees represented a virtually
stable proportion of national income from 1946 to 1951.
Except for 1948, when it dipped lower, in every postwar year
it amounted to almost 65 percent of the national income total.
This percentage, moreover, corresponds closely to the average proportion of national income constituted by employee
income in years just preceding the war. Similar generalizations are applicable to the private sector of the economy,
where compensation of employees accounted for three-fifths
of private national income both in the postwar and immediate
prewar years.
Wages and salaries averaged about 95 percent of employee
compensation in the years 1946-51, with the remainder consisting chiefly of employer contributions under government
social insurance and private pension plans.
As defined for national income purposes, wages and salaries
include not only cash payments commonly classified in this
category, but also tips, bonuses, commissions, and the value
of income in kind furnished employees.
Wages and Salaries in Private Industry
1946
1947
1948 1949 1950
1951
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
Higher hourly earnings spur rise
Initially, the large gains in private industry payrolls
stemmed from the combined effects of increased employment,
higher hourly earnings, and a longer average workweek.
Hourly earnings were the most important factor, as they had
been in the earlier postwar period. Employment was a
May 1952
After the initial dislocations following the war's end, private-industry wages and salaries moved up rapidly. From
an annual rate of $82 billion in the first quarter of 1946, they
rose quarter by quarter to a rate of $118 billion at the end
of 1948, as employment and production expanded to meet
the heavy demand from consumer, business, and foreign
sources.
In the mild recession of 1949, private payrolls were reduced slightly, but with the business upturn in early 1950
they recovered and in the second quarter of that year exceeded the high year-end 1948 totals. Following the invasion in Korea, payrolls and employment, under the stimulus
of accelerated demand from every sector of the economy,
spurted sharply into the first half of 1951, reaching a rate of
$141 billion in the second quarter. Since then, the payroll
STJKVEY OF CUERENT BUSINESS
May 1952
total for private industry has been quite stable, as the expansionary effects of the rearmament program have been
largely offset by curtailed consumer and business purchasing.
For private industry as a whole, wages and salaries in 1951
amounted to $140 billion, 55 percent more than the $91
billion aggregate of 1946.
Hourly earning main factor
As table 1 indicates, advances in hourly earnings have been
the most important factor in the postwar growth of private
industry payrolls, with the increase in man-hours stemming
from higher employment partially offset by reduced hours of
work. The steady rise in hourly earnings—which encompasses the effects of wage-rate changes, shifts in the industrial composition of employment, upgrading, and other related
factors—amounted to 45 percent from 1946 to 1951, and
accounted by far for the major part of the total payroll change.
Among the factors contributing to the expansion of hourly
earnings in the postwar period have been a relatively tight
labor supply and employee pressure to maintain real earnings
in a period of rising prices. Except for 1949, the economy
has absorbed the growth of the labor force, and the number of
unemployed—averaging 4 percent of the civilian labor force,
close to the minimum in a fluid economy—has represented
no great problem on a national scale.
Patterns set in organized industries
summer of 1946. In most cases, the second round increases—
negotiated between mid-1946 and mid-1947—were of lesser
proportions than the first.
A period of relative wage-rate stability then ensued, as the
price rise slowed at the close of 1947 and came to a halt in
early 1948. However, this spell was short lived. As prices
renewed their ascent, negotiations took place which by
mid-1948 led to the wage increases of round three for a large
number of industries. These increases, in general, were
smaller than the two preceding. The mild recession of 1949,
with the accompanying decline in commodity prices, took
the pressure off rising money wages, and in the new unionmanagement contracts negotiated the main issues centered
on the supplementary benefits of insurance and pensions.
Table 1.—Components of Changes from 1946 to 1951 in Private
Industry Wages and Salaries l
[Billions of dollars]
1946-47 1947-48 1948-49 1949-50 1950-51 1946-51
Change in private-industry wages
and salaries.
14.2
10.9
Amount of change attributable to:
Hourly earnings and related factors-
10.8
10.3
4.9
2.3
-1.5
—1.7
—2.4
Employment ._
Hours worked
1
Wage rate patterns in the postwar period have been dominated by a series of settlements (the so-called "rounds")
which were negotiated in the large mass-production industries and gradually extended throughout the economy.
The first of these settlements occurred early in 1946 and was
occasioned by the effort to buttress earnings against the
sharp curtailment in hours of work, particularly in manufacturing, after the end of the war.
The pressure for further increases resulted from the sharp
price advance following the lifting of price controls in the
10.5
16.8
49.8
4.7
6.9
9.6
42.3
-4.8
4.2
6.2
12.8
—.6
.9
—5 3
-2.6
Detail will not necessarily add to total because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics
As business conditions improved in early 1950 some wage
contracts were negotiated, but it remained for the impact of
Korea, with the spurt in demand and prices and the anticipation of wage controls, to hasten the spread of wage increases. Particularly noteworthy in this later period was the
increasing acceptance, both by labor and management, of
the practice of tieing wage rates to the consumers' price index.
With the enactment of wage-price controls in early 1951, this
general principle was recognized by the Wage Stabilization
Table 2.—Wages and Salaries, Number of Full-Time Equivalent Employees, and Average Annual Earnings per Full-Time Employee, by
Industry Divisions, 1946—51 *
Number of full-time equivalent employees
(thousands)
Wages and salaries (millions of dollars)
1946
All industries, total __
Agriculture, forestry, and fisheries
Mining
C ontr act construction
M anuf acturing
1947
1948
1949
1950
1946
1947
1948
1949
1950
1951
1946
1947
1948
1949
1950
46, 962
46,977
47, 836
46, 563
48, 236
52, 086
2,368
2,598
2,809
2,866
3,024
3,253
3,345
3,513
9, 637
57, 956
2,288
871
1,739
14, 493
2,366
938
2,060
15, 215
2,440
986
2,274
15, 285
2,390
915
2.129
14, 172
2,277
919
2,342
14, 951
2,199
924
2.606
16, 094
1,223
2,719
2,537
2,517
1,311
3,113
2,828
2,793
1,375
3,387
3,119
3,039
1,349
3,203
3,235
3,093
1,365
3,436
3, 356
3,303
1, 521
3,802
3,698
3,601
1951
111.227 122, 059 134, 357 133, 432 145, 844 169, 455
2,798
2,368
4,412
36, 476
3,102
2,920
5,825
42, 500
Durable goods industries.
Nondurable goods industries
18, 935
17, 541
Wholesale and retail trade
Finance, insurance, and real
estate
Transportation
__ _ _
Communications and public
utilities
Services
19, 529
Average annual earnings per full-time employee
(dollars)
1951
3,354
3,340
7,093
46, 455
3,223
2, 931
6,887
43, 828
3, 109
3, 158
7,859
49, 386
22,607
24, 757
22, 665
26, 277
32, 733
7,206
7,797
7,779
6,973
7,524
8,498
2,628
2,899
3,183
3,250
3,492
3,852
19, 893
21, 698
21, 163
23, 109
25, 223
7,287
7,418
7,506
7,199
7,427
7,596
2,407
2,682
2,891
2,940
3,111
3, 321
22, 818
25, 318
25, 618
27, 442
30, 030
8,127
8,574
8,832
8,725
8,904
9,162
2,403
2,661
2,867
2,936
3,082
3,278
1,689
2,649
1,770
2, 759
2,598
2,948
2,764
3,147
2, 958
3,442
3,083
3,557
3,279
3,684
3,420
3,967
2,792
2,002
3,002
2,111
3,151
2,168
3,319
2, 214
3,578
2,327
3,925
8, 478
4,292
9,045
4,759
9,664
5,003
9,285
5,539
9,760
6, 054
10, 946
1, 511
2,876
1,553
2,874
1,609
2,808
1,623
2,610
2,824
9, 767
3,286
11,015
3,809
11, 867
4,036
12, 236
4.212
13. 128
4,673
14, 196
1,100
5, 223
1,177
5,503
1.269
5.621
1.281
5,645
1,269
5,930
1, 306
6,101
2. 567
1,870
Government 2and government
enterprises
20, 650
17, 256
18, 698
20, 385
22, 251
29, 105
8,734
6,717
6,712
7,073
7,306
9,165
2, 364
2, 569
2,786
2,882
3,046
3,176
Civilian
Federal .
. .. _
State and local
12, 671
6,439
6,232
13, 171
5,735
7,436
14, 713
6,026
8,687
16. 122
6, 531
9,591
17, 133
6,888
10, 245
20, 030
8,847
11, 183
5,295
2,358
2,937
5,113
1,966
3,147
5,239
1,921
3,318
5,464
1,994
3,470
5,597
1,993
3,604
5, 968
2, 348
3, 620
2.393
2, 731
2, 122
2,576
2,917
2,363
2,808
3,137
2,618
2,951
3,275
2,764
3,061
3,456
2,843
3,356
3,768
3,089
7,962
4,068
3,970
4,248
5,101
9, 056
3,434
1,599
1,468
1,604
1,704
3,192
2,319
2,544
2,704
2,648
2,994
2,837
90,577 j 104, 803 1 15, 659 113,047 123, 593 140, 350
38, 228
40, 260
41, 124
39, 490
40, 930
42, 921
2,369
2, 603
2,812
2,863
3,020
3,270
Military
Addendum: All private industries
* Individual industry detail for years 1929-50 is presented in Office of Business Economics
report
National Income—1951 Edition, a supplement to the SURVEY OF CURRENT BUSINESS.
2
Total includes very small amounts for Rest of World industry, which covers United States
998893°—52
2
residents employed in the United States by foreign governments and international organizations.
Source: U. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUEEENT BUSINESS
10
Board, and wage rates in many industries drifted upward in
1951 to meet the increased cost of living.
Workweek gradually declines
The workweek in private industry, which averaged 43
hours for all workers in 1946, gradually drifted lower in the
postwar years. This decline, which was halted in 1951,
brought the average workweek down to 41 hours last year—
4% percent below 1946 and about the same as in 1940. Except for railroads and coal mining, where the workweek has
declined since 1946 by 11 percent and 15 percent, respectively, the hours reductions that have occurred have been
moderate. In durable goods manufacturing, hours in 1951
averaged slightly higher than in 1946, as they had during
most of the earlier postwar period.
Changes in average annual earnings
The average annual earnings data presented in table 2
summarize the combined effects of changes noted above in
the length of the workweek and in average hourly earnings.
These data, it may be noted, refer to the earnings of all fulltime employees—the average wage-and-salary income per
man year of full-time work—and are a useful measure for
comparisons of inter-industry earnings levels and changes
over time.
ANNUAL EARNINGS
workers increased more than 35 percent
from 1946 to 1951
50-
25-35
35-45
45-55
PERCENTAGE INCREASE 1946 TO 1951, BY INDUSTRIES.
IN EMPLOYEES' AVERAGE ANNUAL EARNINGS
U. 5. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
52-67
Increases in employees' average earnings among the major
industry groups from 1946 to 1951 were far from uniform,
varying from 24 percent in agriculture, forestry, and fisheries
to almost twice that in contract construction. The largest
advances occurred in contract construction, durable goods
manufacturing, and mining, while those in the distributive
sector of the economy and in nondurable goods manufacturing were about average. The increases shown by the service,
finance, and agricultural industry divisions, ranging from 24
percent to 32 percent, lagged considerably behind the 38
percent rise for the private industry sector as a whole.
Among the 64 individual private industries for which
separate estimates are prepared, the rise in average annual
earnings per full-time employee from 1946 to 1951 varied
from 3 percent in the motion picture industry to 55 percent
in automobile manufacturing. However, in industries employing one half of all private wage and salary workers, the
increases fell between 35 percent and 45 percent. (See the
accompanying chart.) In industries accounting for threefourths of total private employment, the range was from
30 percent to 50 percent.
Changes in hourly earnings
Because the effects of changes in hours are reflected in
the average annual earnings data, industry differentials in
hourly earnings changes are obscured. For most industries
this is not important, since the change in the length of the
workweek was small. However, the substantial decline in
hours worked in coal mining and in the railroads accounts
for the fact that in the transportation and mining divisions
as a whole, employees' average annual earnings experience was
less favorable than that in average hourly earnings. Hourly
earnings gains in these organized groups were the sharpest,
while gains in manufacturing and contract construction
approximated the 45 percent over-all private industry rise.
The remaining industry divisions, generally those in which
there is a lesser degree of unionization, showed considerably
smaller advances.
Employment expands one-eighth
in industries employing seven-tenths of all private
0-25
May 1952
A lesser factor than hourly earnings in the growth of private
industry payrolls—responsible for only about one-third as
much of the increase since 1946—has been the rise in employment. From 1946 to 1951 average full-time equivalent
employment in all private industries increased from 38.2
million to 42.9 million, or about one-eighth. Full-time
equivalent employment measures man-years of full-time employment of wage and salary earners and its equivalent in
work performed by part-time workers. Full-time employment is defined in terms of the number of hours which is
customary at a particular time and place.
Unlike the advance in hourly earnings, the postwar expansion in employment was not accomplished in steady
fashion. As table 2 indicates, it reflected sizable increases
in the immediate postwar years, when virtually full employment was attained, a decline during 1949, and further
advances after the Korean outbreak.
The termination of World War II resulted in an immediate
and sharp curtailment of employment in the durable-goods
manufacturing industries. The transitional employment
problem which this and the rapid military demobilization
created was solved in part by the voluntary withdrawal of a
large part of the abnormally high wartime labor force. The
more positive solution came, however, from prompt employment opportunities in contract construction, trade, and nondurable goods manufacturing—industries which had been
restricted in wartime but which expanded swiftly under the
buoyancy of postwar demand. By the start of 1947, almost
all available manpower was already employed, and further
growth was limited by the slow increase in the labor force.
This expansionary phase of employment persisted through
the latter half of 1948.
With the business downturn in 1949, private employment
averaged 4 percent less than in the previous year, with about
half of the drop occurring in the durable-goods manufacturing
industries, which were particularly affected by the changing
business policies in respect to inventories. This decline was
made up in the latter half of 1950. From July to December
1950, private employment rose by 1,250,000, one of the
SURVEY OF CUERENT BUSINESS
Mav 1952
largest increases on record for a six-month period, and then
advanced further in the first half of 1951. In the latter half
of the year, private employment stabilized at a level about
5 percent above that of 1950.
Table 4.—Percent Distribution of Private Industry Wages and
Salaries, by Industry Divisions, 1929, 1940, 1946-51
1929
Private industries, total
Employment pattern differs from prewar
The expansion in employment over the last decade has
been accompanied by significant shifts in the industrial composition of workers. Compared with the year 1940, larger
proportions of private postwar workers have been engaged in
manufacturing, contract construction, trade, communications, and public utilities, while proportionately fewer
workers have been employed in agriculture, mining, finance,
and the service industries. (See table 3.) Some of these
changes are in keeping with longer term trends—such as the
declines in agriculture and mining and the increases in manufacturing and trade.
It is significant that, as compared to prewar, the postwar
distribution of private employment is somewhat more concentrated in the higher paying industries. In 1946, the prewar distribution of employment would have yielded a payroll
about 3% percent lower than that which actually obtained.
Private employment continued to move in the direction of
higher paying industries in the postwar years, although this
factor has been relatively unimportant in the overall payroll
growth. From 1946 to 1951 the empk^ment shift was
responsible for about 1% percent of the $50 billion payroll
increase in private industry as a whole.
Table 3.—Percent Distribution of Private Industry Full-Time
Equivalent Employment, by Industry Division, 1929, 1940,
1946-51
! 1929 ! 1940 ! 1946 ! 1947 | 1948
Private industries, total . __
Agriculture, forestry, and
fisheries
Mining
Contract construction
Manufacturing
1949 I 1950 ! 1951
100. 00 100. 00 100. 00 100. 00 100. 00 100. 00 100. 00 100. 00
9.69
3.09
4.62
32.49
Durable goods industries
_
_ _ _ -_ 15.43
Nondurable goods in17.06
dustries
Wholesale and retail trade. . 18.13
Finance, insurance, and
4.17
real estate
8.95
Transportation _
. _
Communications and pub3.21
lic utilities
_ _ ._
15.65
Services
8.41
2.92
4.05
34.32
5.99
2.28
4.55
37.91
5.88
2.33
5.12
37.79
5.93
2.40
5.53
37.17
6.05
2.32
5.39
35.89
5.56
2.25
5.72
36.53
5.12
2.15
6.07
37.50
15.84
18.85
19.37
18.92
17.66
18.38
19.80
18.48
19.06
18.43
18.25
18.23
18.15
17.70
20.43
21.26
21.30
21.48
22.09
21.75
21.35
4.24
6.53
3.95
7.52
3.86
7.14
3.91
6.83
4.11
6.61
4.13
6.47
4.12
6.43
2.83
16.26
2.88
13.66
2.92
13.67
3.09
13.67
3.24
14.29
3.10
14.49
3.04
14.21
Source: U. S. Department of Commerce, Office of Business Economics.
The following discussion of postwar shifts in the industrial
distribution of private wages and salaries will be limited to
the changes since 1947. By that time most of the wartime
control measures had been swept away, production reorganized for civilian demand, and the Nation's resources
fully employed.
Construction rise largest
Among the major industries, the largest relative payroll
gain was scored in contract construction, where wages and
salaries expanded from $5.8 billion in 1947 to $9.6 billion in
1951. This 65 percent rise increased the proportion of the
private industry total originating in contract construction
from 5.6 percent to 6.9 percent. (See table 4.) Spurred by
the heavy demand for housing and the large business outlays
for new plants, the contract construction industry has increased its share of the private-industry payroll total in
almost every year since the close of the war. Larger than
11
1940
1946
1947
1948
1949
1950
1951
100 00 100 00 100. 00 100 00 100. 00 100. 00 100. 00 100. 00
Agriculture, forestry, and
fisheries
Mining
Contract construction
Manufacturing
3 13
3.35
5.49
35.60
2 69
3.13
4.16
37.89
3 09
2.61
4.87
40.27
2 96
2. 79
5. 56
40.55
2 90
2.89
6.13
40.17
2 85
2. 59
6.09
38.77
2 52
2.56
6.36
39.96
2 38
2.50
6.87
41.29
Durable goods industries
Nondurable goods industries
17.90
19.32
20.90
21.57
21.41
20.05
21.26
23.32
17. 70
18.57
19.37
18.98
18.76
18.72
18.70
17.97
Wholesale and retail trade ... 20.56
Finance, insurance, and
real estate . _ _ _
6.18
10.44
Transportation
Communications and pub3.36
lic utilities
11.88
Services
21.91
21.56
21.77
21.89
22.66
22.20
21.40
5.74
8.84
4.33
9.36
4.10
8.63
4.11
8.36
4.43
8.21
4.48
7.90
4.31
7.80
3.75
11.90
3.12
10.78
3.14
10.51
3.29
10.26
3.57
10.82
3.41
10. 62
3.33
10.11
Source: U. S. Department of Commerce, Office of Business Economics.
average gains in both employment and average earnings have
both been responsible for the growth in payrolls since 1947
with the latter factor the more important.
Manufacturing payroll gain small
The share of private payrolls accounted for by the manufacturing industries has varied considerably in the postwar
period. From 1947 to 1950 the proportion of payroll constituted by manufacturing declined, both in the durable and
nondurable goods groups. This decline—from 40.6 percent
in 1947 to 40.0 percent in 1950—stemmed solely from reduced
employment, as the average annual earnings experience of
factory employees was better than average.
Post-Korean developments, particularly those relating to
the rearmament program, resulted in a rise in the proportion
of payroll constituted by manufacturing to 41.3 percent in
1951 as both employment and average earnings in the durable
goods sector rose more than average. The payroll share of
the nondurable goods industries declined from 1950 to 1951
under the adverse effects of lagging consumer spending, and
constituted a smaller proportion of the private aggregate
than in 1947.
Communications and public utilities expand
Although the share of total private payrolls accounted for
by the communications and public utilities division is somewhat smaller than before the war, it increased moderately
over the postwar period, from 3.1 percent in 1947 to 3.3 percent in 1951. This increase centered in the electric and gas
utilities industry, and stemmed from slightly larger than
average increases in both employment and average annual
earnings.
Trade share higher in most years
Payrolls in retail and wholesale trade constituted a slightly
smaller proportion of the private total in 1951 than in 1947.
Until 1951, however, the proportion of payroll originating in
trade in the postwar years had expanded slightly, as employment increased to handle the larger volume of consumer
purchases and annual earnings kept pace with the all-industry movement. Last year, with consumer spending lagging,
both employment and employee average earnings in trade
increased at a slower pace than for all private industries generally, and payrolls fell back to about the 1947 proportion.
Transportation decline related to war
The share of private industry payrolls originating in the
transportation industry declined steadily in the postwar
SURVEY OF CURRENT BUSINESS
12
years, from 8.6 percent in 1947 to 7.8 percent in 1951. This
decrease is almost all attributable to below average payroll
advances in the railroads and in water transportation. In
both cases, actual employment declines have been responsible
for the payroll lag, and are traceable to the special circumstances affecting each industry during wartime.
Railroad employment in wartime was stimulated not only
by the large traffic and passenger requirements, but by the
restrictions imposed upon competing forms of operation and
by the sharp curtailment of private automobile use. With
the reestablishment of more normal relationships as the postwar period lengthened, payrolls originating in the railroads
declined from 4.7 percent to 4.1 percent from 1947 to 1951.
Water transportation payrolls have gradually diminished to
but two-thirds the total constituted in 1946 because of declining deep-sea operations as world trade resumed more customary channels and other nations rebuilt and expanded their
merchant fleets.
For the transportation industry as a whole, the postwar
movement of annual earnings has approximated that of all
private industries.
Employees' earnings in services lag
The payroll experience of the service industry has been
generally similar to that of trade. The services constituted
an increased proportion of the private payroll total in several
postwar years, chiefly because of greater than average employment gains, rbut last year sustained a relative payroll
decline as emplo3 ment and employees' earnings rose at a less
than average rate. The proportion of private employees in
the services was larger in 1951 than in 1947, chiefly in private
households (domestic servants) and medical and other
health services. However, because this area includes a
number of the industries in which the average earnings
advance has been smallest the relative payroll growth has
been retarded.
Shares of agriculture and mining reduced
The proportion of payrolls originating in both mining and
agriculture has declined since 1947. In each industry the
decline is mainly attributable to the unusual circumstance
of an absolute decrease in employment, but it reflects also
a smaller than average rise in annual earnings.
For both industries, the payroll and employment changes
are in line with longer term trends. In mining, the entire
relative decline has centered in coal mining, where manpower requirements have been reduced by the growing inroads of competitive fuels for both industrial and household
uses. Heavily weighted by developments in coal, the postwar increase in average hourly wages in mining was one of
the largest of any industrial division, but because of the
sharp reduction in hours worked, from 41 in 1947 to 38.5
in 1951, the- rise in average annual earnings in mining was
fractionally below the one shown by private industry as a
whole.
Government Wages and Salaries
From 1946 to 1951, government wages and salaries—
Federal (including military), State, a,nd local combinedexpanded from $20.6 billion to $29.1 billion. However, this
rise was largely a product of post-Korean developments,
since in the second quarter of 1950 government wages and
salaries were, at an annual rate, very little different from
the 1946 total.
Table 2 presents a breakdown of total government wages
and salaries into broad component parts. Civilian wages
May 1952
and salaries, it may be seen, have increased steadily in the
postwar period, reflecting the movement of State and local
government payrolls.
Sharp rise in State and local payrolls
The total payroll of State and local governments has
shown a steadily rising trend in the postwar period, advancing from $6.2 billion in 1946 to $11.2 billion in 1951. Increases in the school and nonschool segments were of approximately equal magnitude.
The large advance in State and local government payrolls
is accounted for in part by increased employment necessitated by the large increase in school enrollment and the reinstatement of many public services which had been severely
curtailed during the war. From 1946 to 1951, school employment rose 20 percent, and nonschool employment 25
percent.
Prior to the war, the average annual earnings of State
and local government employees exceeded the average for
all employees. However, during the war State and local
employee earnings lagged considerably behind the over-all
average—rising only three-fifths as much—and by the close
of the war had fallen below it. Faced with a tight labor
supply and the growing need for increased services, State
and local government units raised wages sharply, both to
attract and retain personnel. As a result, average annual
earnings of all State and local employees expanded by 46
percent from 1946 to 1951—from $2', 122 to $3,089—with
the largest relative increases received by teaching staffs.
Despite this sizable gain, the average earnings of State and
local government employees in 1951 were still below the
$8,253 average for all-industry employees.
Rearmament raises Federal payrolls
Federal Government payrolls (including military) fell
below the 1946 total in the years 1947-50 but rose above it
in 1951 under the impetus of the mobilization effort following the Korean invasion. The 1951 Federal pa}rroll of
$17.9 billion was 25 percent above 1946 and 50 percent
above 1950.
Federal civilian payrolls declined in the two years following the war with the discharge of large numbers of temporary
war service personnel in Government shipyards and arsenals
and in the war agencies. The postwar low in Federal
civilian employment was reached in 1948, by which time the
number of employees had been reduced by 35 percent from
the wartime totals. Despite the decline in employment
from 1947 to 1948, Federal civilian payrolls rose in the latter
year because of the granting of cost-of-living pay increases.
A sizable expansion in Federal employment during 1951
resulted from the national defense and economic control
programs, and lifted employment to the 1946 level. Average
monthly employment increased by 18 percent in 1951 over
1950, and payrolls expanded at an even larger rate—28
percent, from $6.9 billion to $8.8 billion—because of some
lengthening of the workweek and a pay increase covering
the latter half of the year.
Since average employment in 1951 was about the same as in
1946, practically all of the payroll difference may be ascribed
to higher average earnings. Federal civilian employees have
been given four general salary increases in the postwar period.
These adjustments, together with merit increases and some
upgrading in the composition of employment, have resulted
in an advance in average annual earnings from $2,731 in
1946 to $3,768 in 1951. This increase of 38 percent was the
same as that experienced by private industry employees in
the aggregate. Despite this postwar showing, the average
annual earnings of Federal civilian employees have risen by
far less than those of private industry workers since 1940.
Miiy 1952
SURVEY OF CURRENT BUSINESS
Like other Federal employment, military strength continued to decline after the war until 1948, and then rose
moderately through 1950. The large expansion in 1951 almost doubled the size of the armed forces. As in the case of
civilian employment, military strength last year averaged
almost as high as in 1946. Because of two rate advances in
the postwar period, military payrolls of $9.1 billion in 1951
exceeded the 1946 total of $8.0 billion by almost 15 percent.
The military segment was slightly more than one-half of all
Federal Government payrolls last year.
Earnings increase exceeds price rise
The 38-percent rise in average annual earnings of all fulltime civilian employees—in government and in private industry—from 1946 to 1951 was somewhat in excess of the
33 percent rise in the consumers' price index over the same
interval. In view of the 4-percent reduction in hours of
work in this period, this would indicate a rise of about 8
percent in the purchasing power of the average civilian
worker's hourly earnings. However, in many industries,
employing one-fifth of all civilian wage and salary workers,
the rise in employees' average annual earnings since 1946 has
been less than 33 percent. In these industries workers' real
wages, 011 the average, have suffered.
Supplements to Wages and Salaries
Supplements to wages and salaries in 1951, totaling $8.7
billion, were half again as large as in 1946, with all of this
growth occurring since 1948.
Supplements consist of the monetary compensation of
employees not commonly regarded as wages and salaries.
Its components, shown in table 5 for the years 1946-1951,
consist of employer contributions for social insurance (including G overrunent life insurance for members of the Armed
Forces) and to private pension and welfare funds, compensation for injuries, directors' fees, pay of military reservists,
and a few other minor items of labor income.
Strong growth in private supplements
Unlike wages and salaries, which turned down in 1949,
private industry supplements have shown an unbroken rise
in the postwar period, from $3.9 billion in 1946 to $7.4 billion
in 1951. As a result, they increased from 4.3 percent to 5.3
percent of private industry payroll. Essentially, two components were responsible for the rising proportion of supplementary benefits: contributions for old age and survivors
insurance and employer contributions to private pension and
welfare plans. State unemployment insurance contributions
rose at about the same rate as private payrolls generally, and
the change in the railroads' contributions for retirement and
unemployment insurance matched that industry's payroll
growth.
After having been postponed for some time by congressional action, the contribution of employers (and employees)
under the old age and survivors insurance program was raised
from 1 to IK percent of taxable wages, effective January 1,
1950. This factor, together with the large rise in covered
payrolls and the amendments to the Social Security Act
which last year expanded employee coverage and raised the
taxable wage base from $3,000 to $3,600, served to increase
employer contributions from $0.7 billion in 1946 to $1.7 billion
in 1951.
Private pension and welfare plans have gained prominence
in the postwar period as they have come to be the subject of
union-management bargaining in wage contract negotiations.
Contributions in this category relate to the following programs: pensions, health and welfare programs, and group
insurance.
13
Private pension plans burgeoned during wartime when the
wage stabilization program limited the wage increases
employers could grant but permitted them to make reasonable contributions to employee insurance and pension programs. As a result, employer contributions to private
pension and welfare plans, which had amounted to $200
million in 1941, spurted to $900 million in 1945.
Postwar trends reflect union activity
Contributions to these plans continued to increase in the
postwar period both as a result of the uptrend in payrolls—
Table 5.—Supplements to Wages and Salaries, 1946-51
(Millions of dollars)
1946
1947
1948
1949
1950
1951
Percent
change,
1946-51
5 871
5 929
5 809
6,455
7 489
8 728
+49
Private industries, total
3, 857
Employer contributions for:
Private pensions and welfare funds.
1,241
Old age and survivors
insurance687
State unemployment and
cash sickness insurance. 1,077
Railroad retirement and
unemployment insurance
302
Other supplements 1.
550
4,639
4,883
5,021
6,289
7,365
-f-91
1,585
1,864
1,961
2,417
2,733
+120
780
839
816
1, 351
1, 730
+152
1, 241
1, 193
1,235
1,477
1,786
+66
414
619
308
679
300
709
306
738
355
761
+18
+38
Government, total
2,014
Employer contributions for:
Government life insur- 1,413
ance _ .
Federal civilian employ241
ees retirement- _. . __
State and local employ250
ees retirement
110
Other supplements 2 _ .
1,290
926
1,434
1,200
1,363
-32
599
98
459
80
143
-90
241
244
273
313
320
+33
290
160
360
224
420
282
490
317
540
360
+116
+227
All industries, total
1
Consist of compensation for injuries and directors' fees.
2 Consist of pay of military reservists, compensation for injuries, compensation of prison
inmates, jury and witness fees, Government payments to enemy prisoners of war, marriage
fees to justices of the peace, and (in 1951) contributions for old age and survivors insurance.
Source: U. S. Department of Commerce, Office of Business Economics.
which in some cases determine the amount of contributions—
and increasing labor pressure for new and expanded coverage.
Particularly noteworthy in respect to union-management contracts was the establishment of a jointly managed health and
welfare fund in the coal mining industry in 1946 and of
employer financed retirement plans (generally tieing benefits
to the social security program) in many important manufacturing areas beginning with the latter half of 1949.
In total, employer contributions under private pension
and health and welfare plans expanded from $1.2 billion in
1946 to an estimated $2.7 billion in 1951, and during the
postwar period were almost twice as large as employer
contributions under the old age and survivors insurance
system. However, current costs of private pension plans
are inflated as a measure of the recurrent annual cost of the
plans now in operation because of large contributions to
cover the past service liability of older workers.
Industrial differentials
in supplements
Table 6 presents data for private industries on the relation
between supplementary wage benefits and wages and salaries
in each of the postwar years.
The variations among the industry divisions are quite
considerable, with supplements as a percent of total payroll
ranging from almost twice the 1951 private industry average
of 5% percent in communications and public utilities to less
(Continued on p. $4)
by E. S.Kerber
Foreign Aid in 1951
VjrEOSS foreign aid of the United States Government in
1951 amounted to $5 billion, about one-twelfth above the
preceding year. The change from 1950 was more marked in
the character of aid than in total amount. Military aid in
1951 reached $1.6 billion—a billion dollars more than in 1950.
This increase more than compensated for the 16-percent
decline in economic assistance from $4.1 billion to $3.4
billion. Several economic-aid programs Were curtailed; the
the total amount provided by those which were consolidated
into the mutual-security program by the October 1951
legislation declined less than one-tenth.
The 1951 aid remained from one-half to one billion dollars
less than the annual totals in postwar years through 1949.
Gross aid for the postwar period through 1951 totals $35.6
billion, exclusive of the Government's investment of $3.4
billion in the International Bank for Reconstruction and
Development and the International Monetary Fund.
Most aid in grant form
Grants continued to predominate as the basis of United
States Government foreign aid last year, while credit utilizaNOTE.—MR. KERBER IS A MEMBER OF THE CLEARING OFFICE FOR
FOREIGN TRANSACTIONS, OFFICE OF BUSINESS ECONOMICS.
tions declined to a 6-year low. Credit repayments in the last
quarter of 1951—when repayment of United Kingdom postwar credits began—outweighed credit utilizations in that
period, resulting in a net repayment position. Net foreign
aid, taking into account receipts by the United States Government of reverse grants and returns of grants, as well as the
credit repayments, was $4.6 billion in 1951, bringing the
postwar net aid to a total of $32.7 billion.
Enactment of the Mutual Security Act consolidated most
Government foreign-aid operations into one program. Those
operations now included in the mutual-security program
represented 86 percent of total aid in 1951, in comparison
with 75 percent in the preceding year. As of the last quarter
of 1951, the European program for economic and technical
assistance still represented the largest individual component—
comprising one-half—of gross foreign aid. However, in
the previous year such aid, then identified as the Europeanrecovery program, had been the source of almost half a
billion dollars more assistance abroad, and had constituted
two-thirds of the aid.
Foreign Aid
Mutual-security programs provided 86 percent of aid in 1951
2.0
{
1.5
5
MILITARY AID
ECONOMIC AND
TECHNICAL
ASSISTANCE
6
a
i.o
- 1.0 S
o
- .5
OCT>
JANMAR.
OEC,
1950
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOM/CS
14
1951
52-60
SUEVEY OF CTJKKENT BUSINESS
May 1952
Economic aid to United Kingdom declines
The European-recovery program was absorbed into the
mutual-security program as a defense supporting constituent,
to insure the full effectiveness of North Atlantic Treaty
Organization countries' military aid, which comprises over
15
half of currently programed aid. The recovery program from
its inception in April 1948 through 1951 provided $11.4
billion in assistance, or 57 percent of gross aid in that period.
The countries participating in the European-recovery program as members of the Organization for European Economic Cooperation (OEEC) also obtained aid from other
Table 1.—Summary of Foreign Aid (Grants and Credits), by Program: July 1, 1945 Through Dec. 31, 1951
[Millions of dollars]
Before
EuroTotal
pean
3ostwar ecovery
period
program
period
Program
Gross foreign aid *
Grants utilized
Less* Credit-agreement offsets to grants
Credits utilized
Less: Returns
Reverse grants and returns on grants
Principal collected on credits
Equals: Net foreign aid
Net grants
Net credits
._
-
Grants utilized
Lend-lease
Mutual security:
Economic and technical assistance
Military aid
Total
April
1948December
1949
1951
1950
July- OctoberSeptem- December
ber
anuary- AprilMarch
June
Total
15,526
20,045
10,379
4,636
1,171
1,253
976
1,237
5,029
1,226
1,373
1,239
1,191
25, 755
1,256
11,072
8,091
1,253
8,689
17, 664
3
2,384
8,878
1
1,503
4,186
2
453
1,037
885
1,126
4,601
1,105
1,277
1,135
1,084
135
1,138
2
117
91
111
428
122
96
104
106
2,855
1,022
1,834
903
476
102
162
104
108
454
98
81
127
148
1,090
1,766
499
523
591
1,243
294
609
157
319
41
60
50
112
37
67
28
79
140
314
39
59
35
46
33
95
34
115
+32,716 +14,505 +18,211
+9,476
+4, 160
+1,070
+1,091
+871
+1, 129
+4,575
+1, 129
+1,292
+1, 111
+1,042
+6,339 f 17, 070
+8, 166 +1, 141
+8, 583
+894
+4, 027
+133
+995
+74
+1,086
+5
+848
+23
+1, 098
+31
+4, 461
+114
+1, 066
+63
+1, 242
+50
+1, 102
+9
+1, 050
-8
8,878
4,186
1,037
1,138
885
1,126
4,601
1,105
1,277
1,135
1,084
25,755
8,091
17, 664
1,945
1, 945
(2)
10, 717
2,046
(2)
10, 717
2,046
5,314
2,841
468
799
12
873
51
560
136
609
270
2,562
1,578
622
325
678
423
596
454
666
377
112
133
322
81
138
71
33
66
7
2
40
12
9
3
114
4
3
2
3
69
4
3
2
29
28
140
39
35
23
10
5, 439
3,443
631
659
243
632
2,412
3,172
130
165
120
146
3,027
271
500
495
123
485
2,198
271
322
427
116
230
506
(3)
166
59
5
141
122
(3)
39
32
2
30
138
(3)
27
12
37
34
8
1
34
1,090
499
591
294
157
41
50
37
Reverse lend-lease__
Return of lend-lease ships
Wir-account cash settlements
133
321
120
133
250
117
1
71
3
1
39
3
9
Counterpart funds:
Economic and technical assistance
Military aid
-
505
11
505
11
252
144
4
Civilian supplies
TJNRR 4., post-UNRRA , and interim aid
Philippine rehabilitation
.
__
Greek-Turkish aid
Chinese stabilization and military aid
Other
Reverse grants and returns on grants
Credits utilized
_
Special British loan
Export-Import Bank
Direct loans
Loans through agent banks
_..
.
-
Surplus property (including merchant ships)
Credit-agreement offsets to grants
Lend-lease (excluding settlement credits)
Mutual security (including loans to Spain and
India)
Other
_
_- -
9
(2)
(2)
W
9
33
(2)
1
1
8
34
13
41
40
1
36
1
27
1
110
6
27
1
33
2
30
3
20
1
111
428
122
96
104
106
44
44
204
222
*Cr 18
79
83
*Cr4
66
81
*Cr 15
8,689
2,384
1,503
453
135
117
91
3,750
2,937
2,804
132
3,750
2,087
1,942
145
849
862
*Cr 13
445
447
*Cr2
200
193
7
60
50
10
59
58
1
37
40
4Cr3
(2)
1,338
1,256
69
1,236
1,253
63
102
3
6
98
1
5
2
2
1
2
(2)
(2)
(2)
1
2
1,277
446
299
1,277
147
904
49
164
84
56
17
30
25
49
4
28
38
209
13
39
4
25
4
70
4
75
2
1,766
609
319
60
112
67
79
314
59
46
95
115
49
47
2
44
134
130
5
31
30
1
19
18
2
33
32
1
44
51
50
2
58
21
7
49
17
1
1
10
9
1
21
13
5
23
523
1,243
44
854
686
168
196
149
48
44
658
537
120
363
289
74
160
118
41
Surplus property (including merchant ships)
Credit-agreement offsets to grants
Lend-lease (excluding settlement credits)
Other
202
44
34
588
29
10
9
279
173
34
25
308
73
8
11
153
42
4
6
107
i Foreign aid is defined to comprise two categories—grants and credits. Grants are largely
outright gifts for which no payment is expected, or which at most involve an obligation on
the part of the receiver to extend aid to the United States ror other countries to achieve a common objective. Credits are loans or other agreements w hich give rise to specific obligations
to repay, over a period of years, usually with interest. In some instances assistance has been
given with the understanding that a decision as to repayment will be made at a later date;
such assistance is included in grants. At such time as an agreement is reached for repayment
over a period of years, a credit is established. Because such credits cannot, as a rule, be deducted from specific grants recorded in previous periods, they are included in both grants
(at the earlier period) and credits (at the time of the agreement), and the amounts of such
credit-agreement offsets to grants are deducted from the total grants and credits in arriving at
gross foreign aid. All known returns to the U. S. Governement stemming from grants and
credits are taken into account in net foreign aid. Gross foreign aid less the returns is net
foreign aid, which is shown as net grants and net credits. Foreign aid is measured, for the
different mechanics of assistance in use, as follows: (1) at the time of shipment of goods or
extension of a service, for procurement made by a U. S. Government agency; (2) at the time
of payment when cash aid is disbursed to a foreign government or other foreign entity, including disbursements for procurement made by that government, or entity, or its agents; (3)
(3)
11,072
Special British loan
Export-Import Bank
Direct loans
Loans through agent banks
Principal collected on credits
July- OctoberSeptem- December
ber
anuary- AprilMarch
June
Total
35,571
+23, 409
+9, 307
__
During European recovery program period
(2)
2
()
(2)
28
28
30
30
(2)
1
1
2
()
40
30
10
32
15
17
39
27
12
10
1
12
3
1
64
11
1
5
11
10
2
(2)
(22)
()
9
21
(2)
16
(2)
12
7
at the time of disbursement to a United States supplier or to a United States bank (for payment to suppliers) on behalf of a foreigner for procurement made on a letter of credit authorized by a Government agency; or (4) at the time of formal agreement, for obligations assumed
by a foreign government, including bulk sales of surplus property under credit agreements.
The Government's capital investments in the International Bank ($635 million) and International Monetary Fund ($2,750 million) are not included in gross foreign aid although they
constitute an additional measure taken by this Government to promote foreign economic
recovery. Payments to these international financial institutions do not result in immediate
equivalent aid to foreign countries. Use of available dollar funds is largely determined by
the managements of the two institutions, subject to certain restraints which can be exercised
by the U. S. Government.
2 Less than $500,000.
34 Negative entry of less than $500,000 results from refunds of cash aid.
Negative entry results from excess of EIB repurchases from agent banks over agent-bank
disbursements.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
16
May 1952
Table 2.—Summary of Foreign Aid (Grants and Credits), by Major Country: July 1, 1945 Through Dec. 31,1951
[Millions of dollars]
During European recovery program period
Before
EuroTotal
pean
postwar recovery
period program
period
Major country
Gross foreign aid (grants and credits)l
Less* Returns
Equals* Net foreign aid
OEEC countries and participating dependent areas:
Gross foreign aid
Less* Returns
Equals* Net foreign aid
Austria:
Gross foreign aid
Less* Returns
Equals* Net foreign aid
Belgium-Luxembourg :
Gross foreign aid
_
_ _ - » Less* Returns
Equals* Net foreign aid
British Commonwealth: United Kingdom:
Gross foreign aid
Less: Returns
__ __
_
Equals* Net foreign aid
France:
Gross foreign aid
Less: Returns __
_ ..
Equals* Net foreign aid
Germany:
Gross foreign aid
Less: Returns
_
_ _ _ _
Equals: Net foreign aid
_
Greece:
Gross foreign aid
Less* Returns
Equals: Net foreign aid
Italy:
Gross foreign aid _
_
Less* Returns
Equals: Net foreign aid
_
__ _
Netherlands:*
Gross foreign aid
Less* Returns
Equals: Net foreign aid
Turkey:
Gross foreign aid
Less: Returns
Equals: Net foreign aid
_
_
1950
1951
April
1948December 1949
Total
35, 571
15,526
20,045
1,022
2,855
1,834
+32,716 +14,505 +18,211
10,379
903
+9, 476
4,636
476
+4, 160
1,171
102
+1,070
1,253
162
+1,091
976
104
+871
1,237
108
+1, 129
5,029
454
+4, 575
1,226
98
+1, 129
1,373
81
+1,292
1,239
127
+1,111
1,191
148
+1, 042
25, 236
1,703
+23, 533
8,022
472
+7, 550
3,545
315
+3,231
912
79
+833
985
70
+916
765
72
+693
883
94
+789
3,586
360
+3, 226
879
80
+799
1,022
58
+964
907
104
+803
778
118
+660
45
2
+43
Total
10, 083
15, 153
557
1,146
+9, 526 +14, 007
January- AprilMarch
June
July- OctoberSeptem- December
ber
Total
January- AprilMarch
June
July- OctoberSeptem- December
ber
919
45
+873
299
(2)
+299
620
45
+575
346
18
+327
113
13
+100
42
4
+38
36
3
+33
17
4
+13
19
2
+17
161
14
+147
26
3
+23
53
5
+48
37
3
+34
778
53
+726
223
5
+219
555
48
+507
309
20
+289
191
15
+175
52
3
+49
49
7
+43
53
3
+50
36
2
+34
55
13
+42
27
4
+23
10
2
+9
16
6
+10
6,949
811
+6, 138
4,179
456
+3, 723
2,770
355
+2,415
1,824
165
+1, 659
710
83
+628
214
20
+194
228
20
+208
135
19
+115
134
23
+110
236
107
+129
94
14
+80
54
16
+37
38
24
+14
50
53
-3
4,576
267
+4, 308
2,119
36
+2, 084
2,456
232
+2, 225
1,466
104
+1, 362
514
51
+463
153
18
+135
140
8
+133
94
16
+79
126
9
+117
476
77
+400
111
26
+85
139
7
+132
117
36
+81
109
8
+101
3, 659
108
+3, 550
1,026
16
+1, 010
2,633
92
+2, 541
1,763
53
+1, 709
484
18
+466
139
4
+134
134
8
+126
100
2
+98
112
4
+108
386
21
+365
127
5
+123
139
6
+133
97
, 7
+90
23
4
+19
1,447
56
+1, 391
583
5
+577
865
51
+814
500
21
+479
154
14
+140
52
3
+49
39
3
+36
30
4
+26
34
4
+29
210
16
+194
37
4
+32
49
4
+45
68
5
+63
56
3
+53
2,436
133
+2, 303
1,099
17
+1,082
1.337
115
+1, 222
747
37
+710
290
36
+254
77
14
+64
100
6
+93
75
11
+65
38
5
+32
300
42
+258
83
15
+69
101
7
+94
82
15
+68
33
6
+28
1,172
141
+1,031
298
14
+284
874
127
+747
448
26
+422
276
53
+223
68
3
+65
110
7
+103
67
8
+49
41
35
+6
150
48
+102
50
3
+47
43
6
+37
29
5
+25
28
35
-7
329
28
+301
29
6
+23
301
22
+278
165
7
+158
73
8
+64
29
2
+26
17
3
+15
16
2
+14
10
1
+9
63
7
+56
11
2
+8
11
1
+10
20
1
+19
22
3
+19
2,971
60
+2, 910
228
1
+227
2,742
59
+2, 683
453
20
+433
740
23
+717
87
7
+80
132
5
+127
187
4
+184
334
8
+326
1,548
16
+1, 533
313
5
+308
424
5
+419
402
3
+399
410
3
+406
1,748
104
+1, 644
1,547
25
+1, 522
201
79
+121
35
42
-7
41
18
+23
7
2
+5
10
11
-2
9
3
+6
16
1
+14
125
20
+105
32
2
+31
28
2
+25
36
1
+35
29
15
+14
762
253
+510
300
72
+227
463
181
+282
163
77
+87
95
57
+38
32
9
+23
19
14
+6
25
25
18
9
+9
205
47
+158
59
10
+48
50
11
+39
46
15
+31
50
11
+39
China— Taiwan (Formosa):
Gross foreign aid
Less: Returns
,Equals: Net foreign aid
1,850
122
+1, 727
1,444
56
+1,387
406
66
+340
308
55
+254
25
6
+19
9
(2)
+9
4
2
+2
4
3
+1
7
1
+7
73
6
+67
14
2
+12
12
2
+10
15
(2)
+14
32
1
+31
Japan and Ryukyu Islands:
Gross foreign aid
Less: Returns
Equals* Net foreign aid
2,543
289
+2, 254
1,027
136
+891
1.516
153
+1, 363
956
82
+874
307
69
+238
76
5
+72
111
64
+47
58
1
+57
62
(2)
+62
253
3
+252
70
2
+68
119
(2)
+119
51
+51
13
(2)
+13
561
13
+548
156
405
13
+392
185
7
+177
112
5
+107
28
5
+23
20
10
54
35
+10
+54
16
(2)
+16
34
+20
108
(2)
+108
23
+156
+23
+34
+35
786
18
+768
243
13
+231
543
6
+537
324
1
+323
202
(2)
+201
40
(2)
+39
27
(2)
+27
34
(2)
+34
101
(2)
+101
17
4
+13
4
(2)
+4
4
4
+1
3
(2)
+2
(2)
2,084
352
+1, 732
727
163
+563
1,358
189
+1, 169
386
169
+217
310
7
+303
66
1
+65
77
2
+75
71
1
+70
95
3
+93
662
13
+649
152
(2)
+151
114
3
+112
148
7
+141
248
3
+245
Other OEEC countries: «
Gross foreign aid
Less: Returns
Equals: Net foreign aid
Other Europe:
Gross foreign aid
Less* Returns
Equals* Net foreign aid
_
_.
American Republics: 8
Gross foreign aid
_
Less' Returns
Equals: Net foreign aid
Korea:
Gross foreign aid
Less: Returns
Equals* Net foreign aid
Philippines:
Gross foreign aid
Less* Returns
Equals: Net foreign aid
All other countries: < «
Gross foreign aid
Less: Returns
Equals' Net foreign aid
1
_
- -
.. .
.. -.
.
_ _
See footnote 1 to table 1.
28 Less than $500,000.
Net (+) of less than $500,000.
4 Gross foreign aid and net foreign aid for Netherlands include $17.2 million European recovery program credits to Netherlands on behalf of Indonesia ($16.2 in April 1948-December
(2)
(3)
2
2
6
+5
1949; and $1.0 million in January-March 1950). All other aid to Indonesia, including grants
under
the European recovery program, is included in "All other countries."
5
Includes data for international orgranizations and data not allocable to specific countries.
Source: U. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUEEENT BUSINESS
May 1952
in this period. All told, they had received $15
Eandrograms
illion of the $20 billion in United States Government grants
credits during that time. OEEC countries in 1951 re-
ceived $3.6 billion in foreign aid, the same amount as in the
preceding year. Since military aid represented a much
larger proportion of the total foreign aid to these OEEC
countries, economic assistance declined by almost one-fourth.
The most marked decline was in the United Kingdom.
However, economic aid to the United Kingdom rose in the
final quarter of 1951 as a result of the special payment of $40
million to reimburse the British for a portion of their gold
payments to the European Payments Union (EPU). The
United States Government had agreed to reimburse the
United Kingdom for any net payments of dollars resulting
from the use of pre-EPU accumulations of sterling by other
participants in the settlement of their deficits with EPU.
Despite this rise, total economic assistance to the United
Kingdom was $491 million less in 1951 than in 1950. In the
earlier year, $130 million of the European-recovery aid was
provided as conditional aid to the United Kingdom to offset
its original credit to EPU; $20 million of the assistance in the
first quarter of 1951 was also of this type. Direct economic
assistance to the United Kingdom not connected with EPU
operations thus declined almost three-fourths from 1950 to
1951. Furthermore, the United Kingdom made large payments in servicing its outstanding credit liabilities to the
United States, as a result of which its net position for economic aid declined to a net repayment position for the last
quarter of 1951.
Patterns in Europe shift
Both gross and net economic aid to Belgium, Netherlands,
France, and Germany also displayed marked declines in
1951. Over half of the Belgian 1951 assistance represented
conditional aid to offset the original Belgian credit to EPU.
The large decline for G ermany was largely occasioned by the
cessation of civilian-supply shipments to that country in
1951. Furthermore, European-recovery aid to Sweden was
suspended in mid-1951. Although some aid was charged to
Sweden in the last half of 1951, that country refunded $3%
million to the United States Government in February 1952.
On the other hand, economic assistance to Greece and
Austria increased in 1951 to a large extent because of the
special assistance (direct grants) provided by the United
States Government to these two countries to meet their EPU
deficits. Similar special assistance was also provided to
Turkey and Iceland. While individual OEEC countries, on
balance, experienced an aggregate decline of $870 million in
economic aid from 1950 to 1951, payments of capital contribution to EPU increased $153 million to offset partially
that decline. At the end of 1951, total United States Government capital contributions to EPU amounted to $238
million of the $350 million originally committed to enable
EPU to make settlements with countries entitled to receive
<£old and dollars under the intra-European payments arrangement.
Large increases in other areas
It can be seen, therefore, that last year's increase in gross
foreign aid was for the benefit of countries outside of the
OEEC group. Most of the 32-percent increase in aid to the
rest of the world arose from a sixfold increase in military
assistance to the Asia and Pacific and American Eepublics
areas. Economic assistance also increased, particularly as a
result of the large credits furnished to India, Argentina, and
Israel.
998893°—52
3
17
Economic assistance to the Near East and Africa was
authorized as an addition to technical assistance in the
mutual-security program. As a result of this expanded program, larger amounts of assistance flowed to Israel, Jordan,
and to the United Nations for the relief of Palestine refugees
in the last quarter of 1951. Significant amounts of aid to
Burma, Indochina, Indonesia, and Thailand were provided,
and assistance to China—Taiwan tripled in 1951.
Economic assistance to the Philippines was a great deal less
last year than the year before, when large payments had been
made for war-damage claims under the Philippine-rehabilitation program. Elsewhere in the Asia and Pacific area, the
additional expenditures by the United States Armed Forces
which were using Japan as a basing point for the antiCommunist operations in Korea had considerably eased the
necessity for assistance to Japan by the end of 1951. Korea
itself, however, received as much aid in 1951 as in 1950.
American Republics share military aid
The programs of technical assistance in the American
Eepublics have been models for extension of similar assistance elsewhere. These programs—now almost entirely incorporated into the mutual-security program—were continued in 19 of the Eepublics last year. The American Eepublics also shared in the multilateral technical-assistance
contributions which the United States made to the United
Nations and to the Organization of American States for cooperative projects in 1951.
No military assistance was given the American Eepublics
from appropriated funds last year although such aid was
authorized in October as part of the mutual-security program. The mutual-security program also authorized sales
of excess military equipment for cash amounts equal to the
cost of repair and rehabilitation plus 10 percent of the original cost. The difference between the original cost of such
equipment (" standard value") and the amount paid by the
foreign government is reported here as a grant. These
military grants accounted for a significant part of the 1951
increase in aid to the American Eepublics.
Military aid to rise further in 1952
Military aid will become an increasingly larger portion of
foreign aid in the coming months. Authorizations for military aid which had yet to be furnished to foreign countries
were in excess of $11 billion at the end of December. Military equipment requires a long lead time in production—
accentuated because of the United States' own demands on
production for Korean operations—and much of the aid
represented in the $11 billion had been programed and
ordered as long as a year ago. The President's March 6
recommendation for new obligational authority for military
aid was less than in the preceding year and emphasized the
fact that, as the production pipeline filled, the rising actual
deliveries of military aid would level off at the rate of recent
annual appropriations.
Early in 1952 the economic and technical-assistance grants
yet to be provided from funds already appropriated approximated $2 billion, an amount sufficient to maintain the supply
pipeline—at the current rate—for less than three months
beyond the fiscal year end. Amounts available for credit
assistance exceeded $2% billion. The latter amount includes
$1 billion added to the Export-Import Bank lending power
in 1951 and that portion (at least 10 percent) which the
Congress stipulated should be furnished on a credit basis
from the appropriations for economic assistance for fiscal
year 1952.
International Exchange of Services
A $3-Billion Two-Way United States Market
A HE magnitude of the interchange of services between the
United States and foreign countries is not so generally understood and appreciated as is the similar exchange of goods.
Nevertheless, this country provided in 1951 a $3 billion
market for foreign services of all kinds, and foreign countries
in return acquired services from the United States of almost
equal value, about $2.8 billion. Both totals reflect large
increases over the preceding year, and a record peacetime
flow in both directions. Not included is the income received
or paid on investments.
The exchange of services has increased over the past three
decades at a rate exceeding by far the relative gain in the
transactions in goods. In the 1920's United States exports
of services amounted to only about 10 percent of the export
of goods. By the 1930's, the proportion was about 15 percent, and in 1949-51 there was a further increase to more
than 18 percent.
This growth may be associated with the apparent tendency for the ratio of exports of services to exports of goods
to be larger for highly developed countries than for relatively
underdeveloped ones. To illustrate, the comparable ratio
for the Netherlands is about two-fifths; for the United
Kingdom over a third; for France over a fourth; while for
a number of the less-industrialized American Republics it
averages between 5 and 10 percent.
Service imports equal over one-quarter of goods
United States imports of services provide an important
source of dollar earnings to foreign countries. The value
of services imported by the United States during the 1920's
amounted to 22 percent of the value of goods imported in
the same period. The ratio rose to almost 30 percent during
the 1930's, and has been maintained at about the same level
on the average since World War II.
A major portion of all service transactions (imports and
exports combined) between the United States and foreign
countries takes place with member countries of the Organization for European Economic Cooperation (OEEC). This
area accounted for two-fifths of the services exchanged
during 1949-51, as compared with only one-fourth of total
United States merchandise trade with these countries. The
Latin-American Republics ranked second from the point of
view of services with one-fifth of the total. Asia, Africa,
and Oceania (except OEEC dependencies in these areas)
received or supplied 16 percent of total services, while
Canada followed closely with 15 percent.
Of the individual types of services which the United
States buys from or sells to foreign countries, transportation
and travel were by far the most important in the period
between the two world wars. Payments for each of these
two items reached about $500 million in 1929, the peak interwar year. With receipts, especially from travel, considerably smaller than payments, net payments during the period
NOTE—THIS ARTICLE WAS PREPARED IN THE BALANCE OF PAYMENTS
DIVISION BY FRANCES P. SASSCER, MAX LECHTER, J. E. SMITH, AND
JOHN S. SMITH.
18
1921-39 averaged $227 million annually for travel and $63
million for transportation.
Service offsets
to goods deficit
The cumulative excess of all service imports over exports
from 1921 to 1939 reached about $6 billion, and supplied
enough dollars to finance almost half the excess of merchanINTERCHANGE OF SERVICES BALANCED
in 4-year period, 1947-51
BILLION DOLLARS
1.0
.5
TRAVEL is a source
of dollar earnings
for foreign countries
while ...
PAYMENTS
'RECEIPTS
T I 1 1 1 I I
0
2.0
TRANSPORTATION
now requires large
payments to the
United States
1.5
1.0
.5
0
i i t nr i i i i i i i i i i i i i i i i I
1.0
OTHER PRIVATE
SERVICES purchased
by foreign countries
are increasing
.5
NET RECEIPTS
0
4.0
GOVERNMENT
SERVICES currently
reflect expenditures
of United States
military agencies
and their personnel
3.0
2.0
1.0
1930
1935
1940
1945
1950
U. S, DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
May 1952
disc exports, which totaled $12.6 billion during the same
j>eriod.
The outbreak of World War II stimulated the flow of
services between the United States and foreign countries.
Services provided or received by the Government, which
had heretofore been negligible, now became the largest
category. These services were almost entirely of a military
nature, and included lend-lease and reverse lend-lease transactions, as well as the expenditures of American troops overseas. Transportation receipts also increased sharply during
the war, as United States exports expanded and a large part
had to be carried in United States ships.
Developments since the end of the war have been in the
direction of restoring the prewar pattern of service imports
and exports, although the trend was interrupted by the outbreak of the Korean conflict. The readjustment has perhaps
proceeded farther in the travel category than in the others,
although the rise in travel expenditures was smaller than the
prewar relationship to disposable personal incomes would
have suggested. The decline in tourist expenditures relative
to income was compensated, however, by greatly increased
Government payments, principally because of the expenditures of the Armed Forces and of American troops stationed
overseas.
International Transportation
International transportation contributed substantially to
the growing United States surplus on all goods and services
transactions in 1951. The preliminary data (table 1) indicate net United States receipts on transportation account
of $577 million. This was almost five times the net receipts
balance of $128 million in 1950 but only half of the postwar
peak of $1,027 million net receipts recorded in 1947.
These large net receipts, however, did not altogether constitute a drain on the foreign exchange reserves of foreign
countries since large amounts of freight were paid from the
various United States aid programs. Thus, in 1951, net
"cash" payments by foreign countries to the United States
for transportation services amounted to about $390 million.
Sharp rise in export cargoes and earnings
Freight earned on dry cargo vessel exports rose from $358
million in 1950 to $731 million in 1951, an increase of over
100 percent. Almost three-quarters of this increase resulted
from the carriage of increased coal and grain cargoes.
United States receipts had fallen from $256 million for
carrying 56 percent, or 23 million tons, of the coal exported
in 1947, to less than $1 million in 1950. However, as European production became inadequate in the latter part of
1950, large-scale purchases in the United States were resumed.
Total United States ocean-borne exports of coal in 1951 to all
areas rose to nearly 31 million tons, as compared with the
previous year's 2 million tons, and United States earnings
"rose to $140 million for the carriage of over 11 million tons.
A very sizeable expansion also took place in United States
exports of grain in 1951. About half this grain was carried
by United States ships and earnings amounted to about $140
million as compared with $24 million in 1950.
The rise in total exports between 1950 and 1951 also included about a 25 percent increase in the tonnage of the other,
more usual, types of dry cargo exports carried on United
States vessels, earnings on this cargo increasing to $406 million from $282 million in 1950. In addition, earnings from
the "indirect" tanker trade doubled, rising from some $84
million in 1950 to $166 million in 1951, as European and other
consumers were forced to turn to Caribbean and other more
distant sources of supply as substitutes for Iranian oil.
19
Upswing in freight rates
Freight rates in 1951 were higher than in 1950 and contributed substantially to the increased earnings of the United
States vessel operators. Owing to the near disappearance
of coal cargoes in 1950, freight rates in the tramp vessel
market were considerably reduced. When coal shipments
were resumed on a large scale in December 1950, they were
superimposed on an already tight shipping market caused
chiefly by military demands for the Korean conflict, by
United States Government stockpiling, and by an increasing
volume of world trade.
Table 1.—International Transportation Account
[Millions of dollars]
1922-39
aver- 1946
age
Receipts, total
Ocean shipping, total
Freight (United States earnings—exports and
inter-foreign country trade)
Port expenditures (Foreign operators' expenses
in United States) i
Charter hire (United States ships leased to
foreigners)
_
1947
1950
1951
273 1,420
1,788
926
1,494
239 1,268
1,587
728
1,274
92 1,065
1,257
484
954
147
181
311
208
310
n.a.
22
19
36
10
10
28
44
39
65
26
70
24
77
Passenger fares (paid by foreigners to United States
carriers) :
Ocean
Air
Other air, Great Lakes, rail and pipeline transport,
and mail and freight-car rental receipts
Payments, total
Ocean shipping, total
Freight (foreign operators' earnings on United
States imports)
Port expendituresJ (United States operators' expenses abroad)
Charter hire (foreign ships leased to United
States operators)
2
24
80
97
102
119
348
599
761
798
917
203
461
577
489
629
142
163
225
268
366
61
267
315
138
176
n.a.
31
37
83
87
Passenger fares (paid by United States residents to
foreign carriers) :
Ocean
_ _._
Air
109
17
6
48
9
121
26
107
29
Other air, Great Lakes, and rail transport and
freight car hire
36
115
127
162
152
-75 +821 +1, 027 +128
+577
-63 +818 +1,001 +144
+562
Net balance: transportation account (net receipts-f,
payments—)
_ . _ _ __
Ocean shipping plus ocean fares (net receipts-f, payments—) . __
.- -Other items plus air fares (net receipts-)-, net payments — )
_- -_
_ _
-12
+3
^
+26
-16
+15
1 Includes passenger vessel expenses.
2 Small Great Lakes freight included in ocean freight.
n. a. Not available.
Source: U. S. Department of Commerce, Office of Business Economics.
Private ship operators began to augment their fleets by
purchasing or chartering Government-owned vessels, but
rates continued to climb. In order to reduce freight costs
and thus permit the greater use of aid funds for the purchase
of essential materials, the EGA arranged for the release of
ships out of the reserve fleet. Over the year, the Maritime
Administration released about 470 vessels, which were operated by shipping companies as agents for the National
Shipping Authority.
Rates began to drop in April and by June or July reached
the NSA ceilings set a month previously for cargoes carried
on NSA vessels. From the middle of the year on, virtually
all coal shipments were carried at NSA rates.
Conference liner rates, applicable to 30-50 percent of the
grain shipments, and to most other cargoes except coal, fertilizers, and similar commodities generally shipped in bulk
in tramp vessels, also increased in 1951 as compared to 1950.
As a result of the increase in the demand for shipping after
Korea and because of increasing costs, the conferences
generally instituted freight rate increases averaging over 1Q
20
SUKVEY OF CUKEENT BUSINESS
percent in December 1950. Another general 10 percent increase was placed in effect in December 1951.
Imports raise foreign operators' earnings
Foreign vessel operators also gained by their participation
in the heightened shipping activities of 1951, but the increase in their freight earnings on United States imports
from $268 million in 1950 to $366 million in 1951 was only a
little more than one-fourth of the increase in United States
operators' export freight earnings.
About $75 million of the increase in foreign earnings came
from increased imports in foreign tankers. Ordinarily,
United States petroleum companies and their foreign affiliates (here counted as foreign operators for balance of payments purposes) can supply sufficient tanker capacity for
normal demand. But in periods of peak activity tankers
under independent control are utilized at higher rates. Rates
Shipping Receipts Rise After
Steady Decline
BULK CARGO EXPORTS major factor
in fluctuation
MILLIONS OF LONG TONS
MILLIONS OF DOLLARS
120
1200
May 1952
in the charter market for independent tankers quadrupled
between June 1950 and the first quarter of 1951. Bates fell
from the middle of 1951 on, partly due to the setting of
ceilings for tanker freight charges reimbursable by EGA, but
remained at about twice the June 1950 level for the rest of
the year.
These rate increases, together with an increase of about 12
percent in the tonnage of imports carried by foreign
tankers,
accounted for the sharp rise in foreign operators7 earnings.
The higher rates were also reflected in increased charter hire
payments to foreigners, which averaged about $85 million in
1950 and 1951 (for both dry cargo and tanker vessels) as>
compared with $52 million in 1949.
Only about $25 million of the increase was earned on dry
cargo vessel imports. This appears to have been the result
of the decline in United States purchases abroad, after the
second quarter of 1951, particularly for those commodities
more extensively carried by foreign-flag vessels.
While the tonnage of imports carried in United States-flag
vessels remained relatively stable over the year, the tonnage
carried in foreign-flag vessels declined rapidly and in the
fourth quarter of 1951 was below that of the first quarter of
1950. For 1951 as a whole, import tonnage carried by foreign operators was about 4 percent lower than in 1950 (see
chart). Freight rate increases, averaging somewhat higher
than the increases in export rates, accounted for the increase
in earnings.
NET OCEAN SHIPPING RECEIPTS
T( RIGHT SCALE)
1000
Downtrend in U. S. flag participation
80
800
60
600
40
400
20
200
Accompanying a decline in t he proportion of United States
to total world shipping tonnage after the war, foreign-flag
vessels took an increasing share of United States exports
until, in 1950, slightly over 60 percent of the total was carried by them, despite declining tonnages and the requirements in EGA and other foreign aid legislation that United
States-flag vessels carry at least half of EGA-financed
shipments.
In 1951, the foreign-flag share of the total declined slightly
to about 59 percent. It is perhaps most significant in connection with future participation rates and earnings that,
over the postwar years, the positions of the United States
and foreign fleets have been reversed with regard to the carriage of cargo other than coal and grain, foreign-flag vessels
carrying 61 percent in 1951 whereas United States vessels
carried slightly over 61 percent in 1947.
This is also true with regard to the carriage of imports.
Where United States-flag vessels carried 61 percent of dry
cargo imports in 1946, foreign-flag vessels carried this proportion in 1951. Also, foreign-flag tankers now carry over
50 percent of tanker imports where United States-flag vessels
had previously carried over 76 percent. Many of the foreignflag tankers, however, are owned by American oil companies.
Foreign-flag vessels reasserted their prewar dominance in
the carriage of passengers as early as 1947. For the carriage
of United States residents (the balance of payments item),
fare payments rose from $17 million in 1946 to a peak of
$121 million in 1950, and $107 million in 1951, as foreign
passenger ship capacity was reconstructed and average
fare costs rose. Fare payments to foreign ocean carriers
exceeded foreign payments to United States carriers by
$83 million in 1951.
In contrast to ocean transportation, United States receipts
of air fares from foreign passengers have outweighed United
States fare payments to foreign air carriers. However, net
United States receipts on fares plus relatively small export
cargo earnings have, in the main, been offset by the United
States airlines' expenses abroad, which amounted on the
average to about $80 million in 1949-51.
100
OTHER DRY CARGO
FOREIGN-FLAG VESSELS carry enlarged
share of trade
MILLIONS OF LONG TONS
MILLIONS OF LONG TONS
100
100
\ U. S. FLAG \
nil
FOREIGN FLAGS
JBLJML
1946
1947
1948
1949
I960
</. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
1951
52-57
SURVEY OF CURRENT BUSINESS
May 1952
Travel
Total foreign travel expenditures by United States residents in 1951 amounted to $733 million, about the same as in
1950, with a slight decline in travel to Europe being offset
by larger outlays in Latin America.1 Western Hemisphere
countries continued to receive about two-thirds of America's
foreign travel dollars.
21
Expenditures of travelers within foreign countries follow
the same general pattern as the fares paid by travelers.
Persons using high-priced steamship accommodations spent
nearly three times as much on the average as tourist-class
travelers, 60 percent of whom are foreign-born. The difference in per diem expenditures is even wider. This disparity
is partly offset by a shorter average length of stay by firstclass passengers and a longer stay by travelers in cabin and
tourist classes.
Expenditures in Europe decline
Travel expenditures in Europe and the Mediterranean
area during 1951 dropped $30 million below the 1950 total
(table 2), due to a decline in the number of travelers visiting
the area. Average expenditures per trip apparently increased slightly. In the closing months of 1950, the volume
of outbound traffic to Europe dropped below the comparable period in 1949, departures remaining below the corresponding month in the previous year until the late summer
of 1951. A portion of this decrease may be attributed to
the outbreak of hostilities in Korea, which did not appreciably affect European travel until the end of 1950. A major
portion of travelers to Europe had departed by the end of
June of that year and most others planning summer tours
had already prepaid the cost of their trip.
In addition, the celebration of Holy Year in 1950 increased
travel to the area, as indicated by the fact that both the
number and proportion of travelers going to Italy in 1950
were higher than in either 1949 or 1951.
Average traveler spends $759 in Europe
Geographical Shift in Pattern of
Travel Expenditures
60
50
CANADA
<o
1
b: 40
I
EUROPE AND MEDITERRANEAN AREA
I 30
I
Average expenditures in Europe by American travelers
have not varied greatly during the period from 1949 to 1951.
The slight decrease in length of stay has been offset in part by
the increase in per diem expenditures. This increase may
10
S
Table 2.—Estimated Expenditures and Numbers of United States
Residents Traveling in Foreign Countries in 1951 1
1
1929
Expenditures Number of
(millions of
travelers
(thousands)
dollars)
I
..
All countries
Canada
Mexico.
Total oversea areas
_ - _ _.-
Europe and Mediterranean _
West Indies and Central America
South America
_..
Other oversea countries
_. _._
733 i
262
162
309
n. a.
n. a.
195
76
25
13
255
380
42
12
689
1
Passenger fares and Government travel are excluded; for detailed treatment, see footnotes, table 1, p. 21, SURVEY OF CURRENT BUSINESS, May 1951.
n. a. Not available.
Source: U. S. Department of Commerce, Office of Business Economics, based on questionnaire returns; numbers based on data of U. S. Department of Justice, Immigration and
Naturalization Service.
be explained in part by rising prices and greater availability
of merchandise. Apparently the currency devaluations
which took place in many countries in September 1949 did
not decrease average dollar expenditures; in some countries,
in fact, the currency devaluations merely reduced the official
rate to the effective one.
The arithmetic average for all travelers, $759, is significantly higher than the median expenditure, due to the disproportionately large number of travelers in the lower
expenditure brackets. Over half of the travelers spent $525
or less. Presumably the low expenditure groups include
many persons visiting relatives.
1
Fares paid to United States and foreign carriers for travel between the United States and
rioneon f iguous foreign countries are included with transportation. Expenditures by military
personnel and employees of the United States Government and international agencies are
included with other services. Americans employed abroad are considered nonresidents.
.•*
WEST INDIES AND
CENTRAL AMERICA
31
U. S. DEPARTMENT
33
i
35
I
I
37
••«..«,»•*
WAR
YEARS
I
I
I
I
39
OF COMMERCE. OFFICE OF BUSINESS
I
47
ECONOMICS
I
49
I
(
51
52-62
Travelers by air spent on the average considerably more in
1951 than in 1950, the low level of expenditures in 1950 being
due to a relatively large proportion of religious pilgrims on
low-cost charter flights, whose spending was limited. This
factor also accounted for the rise in average air fares, from
$645 to $670 per round trip.
The decline in travel which began in the fall of 1950 was
apparently halted late in 1951, producing a smaller-than-usual
seasonal decrease in expenditures in the fourth quarter.
Average expenditures per trip also rose contra-seasonally,
indicating that the pickup was in business or tourist, rather
than family, travel.
Travel to Western Hemisphere rises
Expenditures in nearby areas increased in 1951. These
areas received twice as large a share of United States foreign
travel expenditures as in 1929, the peak prewar year. This
continued the long-term upward trend in travel to nearby
countries.
Expenditures in Canada amounted to slightly over onethird of total foreign travel payments in 1950 and 1951.
This was a smaller share of United States travel dollars than
in any of the preceding ten years. Canada's relatively large
share of tourist earnings during and immediately after the
war reflected the curtailment of travel to oversea countries.
The all-time high of $267 million was reached in 1948, and
American expenditures have leveled off since that year.
22
SURVEY OF CURRENT BUSINESS
Expenditures in Mexico, on the other hand, have increased
sharply during the last 3 years. The increase may be attributed to such factors as the devaluation of the peso and the
greater accessibility of many Mexican cities because of new
highways and extended air service.
A large portion of travel to both contiguous countries
consists of short local trips. This type of travel, giving
rise to more than half of total travel payments in the case
of Mexico, is relatively stable, following closely economic
conditions in the border area.
Foreigners spend more here
Expenditures by foreigners traveling in the United States
increased by nearly 20 percent in 1951, to reach $444 million,
the highest figure ever recorded. Over half of this represented expenditures of Canadian tourists, which have reduced
Canada's net receipts on its United States tourist account
from over $100 million in 1949 to a virtual balance in 1951.
Size Distribution of Travel Expenditures
More than half the Americans visiting Europe spent $525 or less
EXPENDITURE
GROUP
UNDER
EXPENDITURE GROUP
r)
$26
2
4
6
8
10
I
I
1
1
1
12
1.0%
1
26-125
126-225
226-325
1
326-425
1
426-525
526-625
May 195
the Department of State and other nonmilitary agencies f(
administrative and operating cost sand the purchase and mail
tenance of installations and facilities, which are included i
service expenditures. In addition, expenditures of militar
agencies after World War II, although sharply decreased froi
the peak reached during the war years, have not fallen bekr
an annual amount of $300 million, the figure recorded fc
1947.
With the outbreak of hostilities in Korea, and in fulfillm
United States commitments to the buildup of security force
in Western Europe, service expenditures of the Armed Force
and their personnel abroad rose to a postwar high of ove
$900 million in 1951, and was at an 2annual rate of $1.2 billioi
during the last quarter of the year.
Japanese services support U. N. in Korea
Military expenditures in Japan rose sharply after tin
Korean outbreak, primarily because of that country's proximity to3 the scene of hostilities. Figures from official Japanese
sources indicate that dollar earnings in 1951 from the sale o1
services—repair, storage, transportation, construction—ir
support of United Nations Forces in Korea and the sale oi
yen to American personnel and official and quasi-official
United States agencies, amounted to $400-$425 million.
This is about equal to total Japanese merchandise exports
to the United States in that year, including merchandise
procured by the United States in Japan for the logistical
support of the Korean operations,
^Despite the magnitude of military operations in Korea,
that country's dollar earnings from United States Government expenditures have been relatively small. The virtual
destruction of Korea's economy and means of production
has precluded all but a minimum of military procurement by
the armed services and personal spending by the troops.
1
626-725
726-825
|
826-925
L
1,026-1,150
1,151-1,250
1,251-1,350
1,351-1,450
1,451-1,550
1,551-1,650
Table 3.—Number and Expenditures of United States Residents
Traveling in Europe and the Mediterranean Area, 1950 and 1951;
Total and Selected Countries 1
r
926-1,025
EZ_
i— 3
Total expend!-! Number of
Average ex- I Average
tares (millions! travelers ipenditures perj length of stay
of dollars) j (thousands) | trip (dollars)
(days)
Country
1,651-1,750
Europe and Mediterranean
22.5. 0
195. 0
302. 0
255. 1
742
1,751-1,850
France.
United Kingdom. Italy.
Switzerland
Germany
i 5<>. 0
;
37. 0
; 50. 0
18.0
1 14. 5
48.5
164. 6
137.2
136. 4
94 2
73. 5
144. 4
123.8
100. 7
80 1
68.5
338
262
3<51
384
211
44. 1
21. 1
9.5
18 4
17.9
36 7
21. 7
16 6
9
18
9 3
1,851-1,950
1,951-2,050
OVER $2,050
4.8%
i
I
!
1
Netherlands
Sweden- . . . . . _ _
Greece - Eire
Spain. -
i
NOTE.- DATA ARE FOR THIRD QUARTER OP 195(
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
52-63
Expenditures for travel in the United States by Europeans
have not varied greatly over the past few years. Exchange
restrictions have curbed expenditures for recreational travel;
however, this has been partly offset by increased business
travel. Receipts from Latin American travelers during the
past few years have continued to increase, reflecting mainly
the income rise in these countries.
Government Services
The expanding role of the United States in world affairs
in recent years has resulted in increasing outlays abroad by
Belgium
Denmark
Norway
Austria
Portugal
!
i
i
:
'
36.5
34.0
15. 5
15.5
6. 0
5.0
4. 0
60
2.5
4.0
56. 0
24.7
10. 2
26 0
13.9
4. 5
4. 0
4 0
3? 0
' 0
3.5
3.5
3 0
30
2 5
47.3
23.1
18 4
239 3
I 1
4^
4.5
4. 5
4 0
759
'
;
'.
'•
;
337
293 337
193
230
66 !
63
20
19
•>(; j
36 '
11 i
28
27
32
12
26
112
101
207 ] 21(5
449 > 478 :
246 \
218
181
215 i
11
31 i
62 '
9
8 l
31 '
8
29
52
36
23
97
169
28
126
143
9
19
31 '
12 '
8
15
26
12
11 1
31
9
!
102
155 \;
171
134
9
43
Source: U. S. Department of Commerce, Otlice of Business Economics, based on questionnaire returns.
2
It should be pointed out that only a small part of the total cost of conducting United States
military operations abroad is reflected in the United States balance of payments estimates.
Primarily excluded, of course, are costs incurred in the United States for repair, maintenance
and other services, and for clothing, equipment, armaments, etc., originating in the United
States and supplied to troops and installations abroad. Foreign disbursements of pay and
allowances to United States personnel abroad are included on a net rather than a gross basis
and reflect only that portion of their total pay which these individuals are estimated to have
spent
in the foreign economies for the purchase of local goods and services.
3
"Foreign Exchange Statistics/' published monthly by the Foreign Exchange Control
Department, Bank of Japan.
SURVEY OF CURRENT BUSINESS
Mav 1952
Outlook for 1952
In 1952, in recognition of Japan's new status as an independent nation after ratification of the San Francisco peace
treaty, the position of United States forces will increasingly shift, continuing a process begun in the second half of
1951. This will mean larger troop expenditures and more
Typo of Travel Expenditures, Distribution by Size
Lower expendifures of air travelers is due to shorter stay
23
receiving grant aid. In the four years ending December,
1951, approximately $150 million, or 18 percent of the total
amount (dollars and counterpart) spent by all nonmilitary
agencies in this period was financed in this way.
Data on Government miscellaneous services include the
cost of United States participation in various international
organizations, which has averaged over $26 million a year
for the past five years.5 This compares to the aggregate
total of $3 million contributed to the support of international
bodies during the entire twenty-one years from 1919 to
1939.
Donated services dominate "receipts"
i i i i i i i i I i i i i r i i i "ph~i-
The steady rise in the value of Government services
provided to foreign countries (principally the OEEC
countries) from 1947 to 1951 was characterized by a continually increasing proportion of services provided as grants
and represented for the most part the activities of nonmilitary
agencies.
Grant services represent the overhead costs of administering the Government's unilateral aid programs, technical aid
provided by Government agencies, and other service costs
paid out of appropriated foreign-aid funds.
Tolls collected from foreign-flag ships by the Panama
Canal, harbor terminal and freight charges of the Panama
Railroad, and the Post Office Department settlements with
foreign administrations for the carriage and handling of
foreign mail represent over 50 percent of the Government's
cash receipts on service account. Gold handling charges
of the Treasury Department and consular and visa fee
collections b}^ the State Department account for most of
the remainder. In total, this item has maintained a steady
rate of about $50 million a year for the past 5 years.
TOTAL EXPENDITURE PER PERSON
NOTE.- DATA ARE FOR THIRD QUARTER OF 195!
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
52-64
Other Private Services
Expenditures for services by the State Department and
other nonmilitary agencies of the Government reached a
post-World War II peak of $237 million in 1951, as compared
with the 1946 low of $69 million. The regular peacetime
overseas functions of these agencies were supplemented
after 1946 by activities connected with the Government's
various programs of foreign aid. Some of these expenditures
were paid out of counterpart funds furnished by the countries
Film rentals have been the largest source of the net surplus
on private miscellaneous-service transactions which has been
characteristic of the past two decades. Slightly more than
half of film rentals, including the value of blocked earnings,
were obtained from the United Kingdom and other OEEC
countries in each of the postwar years. The estimated total
of $129 million in 1951 was exceeded only in 1946, when
rentals reached $142 million.
Private sales of services to foreign governments and international organizations and their personnel amounted in 1951
to an estimated $114 million, including expenditures of the
United Nations and other international organizations of $53
million. This compares with a total of $138 million for 1946
when international agencies (including UNliRA) spent only
$26 million.
Private miscellaneous services producing significant net
surpluses include (1) management fees and home office
charges for services rendered by American companies to their
foreign branches and subsidiaries, $115 million in 1951 and
(2) United States engineers and contractors receipts for
services rendered under foreign contracts estimated at about
$75 million in 1951.
Other miscellaneous service items are largely offsetting
in amount. The largest, reinsurance transactions, in the
three years beginning 1949 has involved net payments to
foreign countries—principally the United Kingdom—averaging less than $50 million a year, although total reinsurance
transactions (receipts and payments) in the same period
averaged $244 million annually.
4
Based on pre-Korea costs, this sum is estimated at about $155 million per annum. Under
the Administrative Agreement, Japan will provide an additional $155 million a year in yen;
this amount is subject to periodic adjustment.
5
These data do not include subscriptions to the International Bank and Fund, which are
considered Government investments, or contributions of the character of grants or gifts,
which are treated in the balance-of-payments as unilateral rather than_service transactions.
dollars for Japan. In addition, the United States Government lias, since July 1, 1951, been pa}dng for approximately
half of the goods and services formerly supplied by Japan as
occupation costs and will continue to do so under terms of
the special Security Treaty between the United States and
Japan, signed September 8, 1951 (and implementing
Administrative Agreement, signed February 28, 1952)4. The
additional dollar payments to Japan as a result of these
developments are expected to compensate for the loss of
grant aid formerly provided under the Army civilian supply
program (GARIOA).
At the present time, certain arrangements to provide free
services to United States occupation personnel in Germany
have been, or are being, terminated. Negotiations are currently proceeding for a "contractual peace agreement 7 ' with
West Germany, expected to be somewhat similar to the
United States-Japanese agreements.
Nonmilitary-agency service payments rise
SURVEY OF CURRENT BUSINESS
24
May 19;
Review of National Income and Product in the First Quarter of 1952
(Continued from p. 6)
terial industries dampened the effect of the payroll advances
in the defense-supporting industries in the durables group
total; however, the latter increases were in any case less than
in the prior quarter.
Farm income off
Proprietors7 and rental income, at an annual rate of $48%
billion, was down $1 billion from the fourth quarter of last
year. This decline reflected a drop in farm income, partly
offset by an advance in nonfarm entrepreneurial incomes.
Farm income, which is subject to irregular movements on a
quarterly basis, dropped from a seasonally adjusted annual
rate of $17% billion in the final quarter of 1951 to $16 billion
in the opening quarter of this year—down somewhat from
the first-quarter 1951 rate.
The income of nonfarm proprietors, which has been virtually stable since the beginning of 1951, advanced $% billion,
at an annual rate, in the first quarter. The improvement was
in large measure traceable to the first-quarter pickup in
retail trade, which is a dominating influence in this arej
Most of this increase is offset in the personal income toti
by the deduction—starting in January 1952—of contributor
of self-employed persons brought into the Old-Age and Sui
vivors Insurance system under the 1950 amendments to th
Social Security Act. These contributions, equalling 2% pei
cent of the first $3,600 of income, are estimated at $40
millions, at annual rates.
Year-end extras affect
dividends
Aside from farm income, the only other major componen
of personal income to drop in the first quarter was dividends
Although the decline amounted to about 7 percent of th
fourth-quarter figure, the first-quarter level at an annual rat
of $9 billion was somewhat higher than that of the corre
spending period last year. The decline is in part attributec
to the large volume of extra and special disbursements at th<
1951 year-end, and in part to reductions in regular disburse
rnents.
Labor Income in the Postwar Period
(Continued from p. 13)
than one-fifth in agriculture, forestry, and fisheries. The
largest growth in supplementary benefits since 1946 has
occurred in the mining industries, where supplementary
benefits have risen from 4.4 to 8.6 percent of payrolls, primarily because of the establishment of the health and welfare
funds in coal mining.
In most industries, a floor for supplementary benefits is
established by compulsory contributions under the old age
and survivors insurance and unemployment insurance programs. Except for the areas where coverage is small, such
as agriculture and services, the costs of these benefits (as a
percent of payroll) do not vary greatly among the industrial
divisions. Such variation as does exist centers in contributions for unemployment insurance, where rates may differ
because of unemployment experience in the industry. Thus,
the relative cost of unemployment insurance contributions is
largest in the highly seasonal construction industry (about
2 percent of payroll in 1951) and smallest in the stable finance
and utilities areas (about 1 percent of payroll in 1951).
Table 6.—Supplements to Wages and Salaries as a Percent of
Private Industry Payrolls, by Industry Divisions, 1946—51
All private industries, total
Agriculture, forestry, and fisheries
Mining _ _ _
_ _
Contract construction
Manufacturing
_
Wholesale and retail trade
Finance, insurance, and real estate
Transportation
Communication and public utilities
Services
. ._
_ _ _
1946
1947
1948
1949
1950
4.26
4.43
4 22
4.44
5.09
5.25
.46
4.35
4. 76
4.71
3.27
5. 35
5. 94
8.68
2.21
.45
5.17
4.70
4.87
3.32
5. 17
7.09
8.49
2.11
.42
6. 05
4.47
470
3.02
5.99
5. 76
8.27
2.06
. 50
6. 55
4. 03
497
3.20
6.42
5. 99
8. 67
2. 18
.55
8.58
5. 09
5.87
3 66
6.88
6. 09
9 57
2.44
1.02
8. 60
5. 15
5. 99
3 81
6. 95
6. 20
9 65
2.59
Source: U . S . Department of Commerce, Office of Business Economics.
1951
Another factor contributing to industrial differentials in
supplementary wage benefits is the prevalence of work
hazards, as reflected in compensation for injury payments.
Such payments represent a significant proportion of payrolls
in contract construction, transportation, and mining, but are
relatively small in the other major industries.
The largest industrial differentials in supplementary wage
benefits, however, are found in employer contributions to
private pensioa and welfare plans. Such contributions
presently range from almost 7 percent of payroll in communications and public utilities, where pension and other employee
benefit plans are of long standing, to minor amounts in
agriculture and contract construction.
Government supplements decline
Government supplements to wages and salaries declined
from $2.0 billion in 1946 to $1.4 billion in 1951 as a result of
reduced Federal contributions to the Government life insurance funds. These contributions amounted to $1.4 billion
in 1946, but only one-tenth of that amount in 1951. They
represent largely reimbursements to the National Service
Life Insurance Fund for death claims it had paid which were
adjudged due to the extra hazards of military service.
In contrast, contributions by both the Federal Government and State and local governments to civilian employees'
retirement systems, and the pay of military reservists have
increased in the postwar period. The pay of military reservists, which is included in "other government supplements" in table 5, is largely responsible for the sharp rise
this category of supplementary wage benefits has shown
over 1946.
BUSINESS STATISTICS
WlontLi
J- HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, 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 1947. Series
added or revised since publication of the 1951 Supplement are indicated by an asterisk (*) and a dagger (t), 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.
Monthly averages for 1951 are shown in the March 1952 Survey of Current Business.
series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
Data subsequent to March 1952 for selected
1952
1951
March
April
June
May
July
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
IVtilitarv
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, totaled do
Business and professionalcf
do
Farm
- _ _ _
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
269.4
172 1
163.6
137.1
7.8
18.8
8.5
48.8
24.1
16.4
8.3
274.3
177 5
168.9
140.6
8.9
19.4
8.7
48.1
23.6
16.3
8.2
278.0
180 6
171.7
141.3
96
20.9
8.9
49.1
23.4
17.3
8.4
42.9
51.8
' 29.6
'22.2
—8 9
5.6
43.0
45.4
'25.9
r
!9.4
-2.3
5.7
Gross national product, total
do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment-. _ _ do
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil of dol
Federal (less Government sales)
do
State and local
do
319.5
208.8
31.3
112.1
65.4
60.2
23.8
25.9
10.6
-2.7
Personal income, total
Less: Personal tax and nontax payments
Equals' Disposable personal income
Personal saving§
do
do
do
do
T
280. 1
182 0
173.1
142.0
185 8
176 8
144 9
8.9
49.8
23.6
17.6
8.5
9.0
48 6
24.2
15.9
8.5
42.6
39.8
'22.8
M7.0
2.8
5.8
M2.5
MO.O
r
22.9
T
17. 1
2.5
5.8
j
59
328.2
202.4
25.9
110.1
66.5
65.6
22 7
27.2
15.8
—.I
329.5
204.0
25.2
111.5
67.3
56.6
21.6
27.0
8.0
1.2
334.6
206. 7
25.0
113.6
68.1
54.6
20.7
29.0
4.9
2.5
339 7
209. 6
25 0
115. 6
69 0
53.4
22 7
30 4
.2
20
53.2
32 2
21.0
60.3
38.9
21.3
67.7
46.2
21.4
70.7
49.0
21.7
74.7
52 3
22.4
244.1
27.6
216.5
7.8
249.9
28.1
221.8
19.4
253.2
28.4
224.9
20.8
257. 0
29.7
227.2
20.5
257.9
31.6
226.3
16 7
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income _ . .
_ _ _ bil. ofdol__
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries
do
Service industries
do
Government .
_. ____
do
Wage arid salary receipts, total 9
do
Other labor income _ . . - . _ _ . _ do _ _
Proprietors' and rental income
do
Personal interest income and dividends. _do
Transfer payments . - .
do
Less personal contributions for social insurance©
bil. of dol. _
Total nonagricultural income
do
245.5
165. 9
73.7
44.9
20.0
27.3
162.2
3.8
47.7
19.7
12.1
249.0
168. 2
75.0
45.3
20.1
27 8
164. 8
3.8
48.1
20.2
12.1
249.8
168.8
74.6
45.6
20 2
28.4
165.1
O
Q
48.0
20.2
12.7
251.0
169.9
75.2
45.6
20.3
28.8
166.4
3.8
48.0
20.0
12.8
252 4
170.6
74. 8
46.0
20 3
29.5
167. 1
3.8
49 2
19.7
12.6
253.7
170.8
74.5
46.2
20 3
29.8
167.4
3.8
49.7
20.1
12.7
253.6
171.7
75.0
46.4
20 3
30.0
168. 3
3.8
48.3
20.7
12.5
257.5
173.1
75.1
46 1
20 4
31 5
169. 5
38
50 5
20.8
12 9
256.5
174.3
75.1
46.1
20 5
32.6
170.7
39
49 1
20.2
12 6
258.6
175.4
76.8
46.5
20. 7
31.4
171.9
3.9
49 8
20.7
12 3
257 7
175.8
76.7
46 8
20 7
31 6
172.1
39
49 9
'19.3
12 9
3.7
3.4
3.7
3.5
3.5
3.4
3.4
3.6
3.6
3.5
4.1
225.2
227.8
229. 0
230.1
230.1
231.3
232.1
234.5
234.8
235. 9
235.8
' 258 3
r 177. 3
77.4
r
47 0
20
9
r
32 0
r
173. 7
3 9
r
48 6
*r 19. 9
12 6
r
257. 8
177.2
77.3
47.1
20 7
32.1
173. 6
4.0
47 4
20.6
12.6
4.0
4.0
238. 0
238.0
NEW PLANT AND EQUIPMENT
EXPENDITURES
1
4,863
5,913
5,844
All industries, quarterly total J
mil. of dol._
6,672
6, 051
2,154
2,802
2,841
Manufacturing!
do
3 335
*31 120
203
Mining
_ __
_
do.
183
211
199
213
1
303
412
449
395
Railroad
do
377
1
125
136
Other transportation
do
130
120
140
1
753
893
Electric and gas utilities
_ _
do
933
838
998
1
1,345
1,467
Commercial and miscellaneous
do
1,374
1, 345
1,549
T
1
Revised.
Estimates based on anticipated capital expenditures of business; those for subsequent periods of 1952 are shown on p. 15 of the April 1952 SURVEY.
cf Includes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product
above.
9 Derived by deducting employee contributions for social insurance from total wage and salary disbursements.
QData through 1951 represent employee contributions only; thereafter, personal contributions of self-employed persons are also included.
^Revised beginning 1945. For revised annual data for 1945-51, see p. 5 of the January 1952 SURVEY; and for quarterly
data beginning 1947 for manufacturing, p. 20 of the December 1951 issue.
S-l
SUEVEY OF CUKRENT BUSINESS
S-2
Hay 1052
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
January
February
March
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS!
Cash receipts from farming, including Government
payments, total
mil. of dol_.
Farm marketings and CCC loans, total ._ do
Crops
do
Livestock and products, total
do
Dairy products
do
Meat animals
do
Poultry and eggs
_- -do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100..
Crops
do
Li vestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39=100
Crops
- -- - -- - .-do. _Livestock and products
do
2,071
2,019
523
1,496
366
834
275
2,137
2,088
465
1,623
368
930
288
2,153
2,120
436
1,684
438
871
309
2,169
2,143
606
1,537
437
753
296
2,652
2,641
1,085
1,556
408
833
285
2,992
2,985
1,315
1,670
393
960
295
3,395
3,387
1,642
1,745
348
1,058
325
4, 355
4, 345
2,294
2, 051
341
1,350
348
P
3,600
r
3, 583
1, 765
r
1, 818
316
r
1, 097
397
3 115
3 097
1,530
1 567
337
868
356
2 642
2 619
1 111
1 508
2 043
2 010
330
924
243
330
809
227
2 087
2,044
613
1 431
376
794
251
303
183
393
313
163
427
319
153
444
323
214
405
398
384
410
450
465
440
511
580
459
655
811
540
541
624
479
467
541
412
395
393
397
303
226
361
308
217
377
111
71
141
113
61
152
117
57
163
123
84
152
151
153
148
168
186
154
184
218
158
219
273
178
180
192
172
160
168
155
145
137
151
115
82
140
116
74
148
219
222
223
223
214
220
223
222
220
217
r217
218
P217
231
232
233
232
223
229
232
230
229
227
r
227
228
i>227
275
263
160
195
141
335
209
202
225
278
264
169
185
161
337
211
204
227
277
263
168
173
165
336
206
197
227
276
261
164
164
163
338
205
197
225
266
253
151
160
146
328
199
188
225
269
254
158
165
154
328
197
191
213
273
258
158
167
153
336
197
190
214
276
261
158
171
151
340
201
190
230
277
261
155
172
146
347
209
198
236
280
263
141
r 280
r 280
261
142
261
148
176
133
358
217
204
249
*>280
v 262
pl49
p 175
* 135
P355
P218
p204
P252
232
207
180
269
314
265
243
231
183
292
311
255
242
242
184
275
310
248
241
251
184
266
307
238
239
248
179
273
293
216
238
251
182
259
305
223
237
254
180
251
311
226
230
252
182
228
311
223
217
237
179
206
313
216
194
185
296
524
118
104
127
149
120
147
97
195
175
298
532
106
97
112
152
153
150
103
197
180
298
538
97
88
103
159
196
149
108
197
191
300
548
98
86
106
165
221
144
123
188
190
301
554
83
71
92
176
221
141
191
197
179
303
557
98
80
110
189
215
139
263
199
193
303
560
100
83
111
192
169
149
297
193
197
303
556
91
80
98
177
128
156
210
191
178
304
563
91
81
97
164
98
188
111
do
__do
do
do .
do
do
__do
do
do _ _ _
do
do
do
208
198
269
184
199
179
239
188
175
374
133
161
215
205
255
185
193
188
238
185
153
380
146
167
212
201
263
186
207
179
247
190
164
377
144
172
209
199
263
187
212
170
251
185
157
378
137
178
189
182
262
183
211
155
243
160
123
379
100
167
196
189
265
187
213
166
243
170
145
360
115
190
196
191
266
185
214
180
245
163
142
334
114
188
196
191
269
185
212
181
239
154
140
293
114
191
do
-- -- do ._
do
do .
__ __ _
do _ _
do
153
163
48
127
189
92
162
167
64
133
191
129
168
168
83
126
192
166
169
169
86
133
191
171
161
160
66
105
192
166
170
171
77
134
194
167
171
172
79
137
195
166
do
222
223
222
221
212
217
do
234
234
233
231
222
do
do
do
do
do _ _
do
do
do _ „ _
do
277
169
156
209
225
243
252
189
269
279
170
162
211
227
247
243
189
292
276
163
158
206
227
236
231
184
257
274
153
147
205
226
239
235
184
269
265
141
131
199
226
237
226
177
285
638
1 372
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
-1935-39=100..
^Manufactures
do
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
Cement
- Clay products
Glass containers
Transportation equipment
Automobiles (incl parts)
do
do__.
do
do
do
do ..
Nondurable manufactures
Alcoholic beverages
Chemical products
Industrial chemicals
_
Leather and products
Leather tanning
Shoes
Manufactured food products
Dairy products
M^eat packing
Processed fruits and vegetables
Paper and products
Paper and pulp
Petroleum and coal products
Coke
Gasoline
Printing and publishing
Rubber products
_.
Textiles and products
Cotton consumption
_
Rayon deliveries
Wool textiles
Tobacco products __
Minerals
Fuels
_ ._
Anthracite
Bituminous coal _
Crude petroleum
Metals
Adjusted, combined indexcf
Manufactures
Durable manufactures
Lumber and products
Lumber
Noiiferrous 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 _
r
r 178
r 175
122
125
359
r 358
207
196
235
r 216
r 206
243
205
188
r 212
220
177
201
r
320
r 167
r 219
••321
r 221
r 220
185
154
302
184
145
r 563
r 208
196
r 165
232
••319
215
186
152
298
r 300
r 558
r 55g
100
86
110
152
86
193
109
96
118
149
97
175
88
79
94
158
95
195
r gg
r 84
r 84
191
187
276
185
214
183
245
157
144
183
181
281
185
215
178
250
152
136
283
118
137
187
185
194
190
282
188
176
179
104
147
199
r
163
169
178
99
152
196
115
r 15Q
218
218
219
r
218
r
226
228
226
228
267
146
137
197
213
228
222
176
249
271
146
135
196
214
228
219
173
246
274
149
138
201
230
219
217
172
222
277
157
149
209
235
212
219
173
204
283
162
154
217
249
294
257
289
120
198
r 281
188
211
170
250
157
144
296
116
176
175
245
r jr,o
150
294
129
167
r
P 184
155
P 297
p 561
P149
117
165
p83
192
189
p277
187
p213
180
P 244
P 153
141
287
164
r 91
?159
P171
67
122
^200
p90
221
222
p220
228
r 231
232
p230
282
r 283
154
159
150
162
175
91
147
194
170
86
135
193
r gq
r
r 212
v 211
200
p 164
239
"319
P 214
141
207
235
r 219
242
172
216
r 89
r 216
243
217
233
180
r 223
r
162
174
77
135
* 199
r 175
239
p282
p 147
p218
p 252
p 221
244
p 172
239
199
198
193
198
187
197
192
188
Nondurable manufactures
do
188
189
185
190
p 188
171
179
187
175
207
178
178
184
178
Alcoholic beverages
do
188
176
170
174
r
292
296
302
298
305
306
298
Chemical products
_ __
- do..
301
299
298
299
P293
296
106
99
118
99
85
97
100
Leather and products
do
91
89
88
107
100
81
105
75
88
89
Leather tanning
_ __do
97
84
80
78
79
86
90
r
168
Manufactured food products, _ _ . _ __do. _
165
164
167
167
166
163
167
160
160
163
p 167
165
138
147
148
148
146
150
150
143
140
Dairy products
do
137
136
14°
137
1§9
159
163
149
162
145
152
Meat packing
__do
157
168
168
163
162
179
r
r
169
166
176
160
Processed fruits and vegetables
do
139
147
152
163
121
123
p 151
129
!34
r
Revised.
» Preliminary.
JData through 1950 have been revised to incorporate changes in methods of estimation (notably for truck crops) and to reflect revisions of production, disposition, or price, Revisions,
extending back to 1910 in some instances, are shown on p. 23 of the December 1951 SURVEY.
<f Seasonal factors for a number of industries were fixed at 100 during 1932-42; data for these industries are shown only in the unadjusted series.
SURVEY OF CUREENT BUSINESS
Mar 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-3
1952
1951
March
April
May
July
June
August
September
October
November
December
January
February
March
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index — Continued
Adjusted cf— Continued
Manufactures— Continued
Nondurable manufactures— Continued
Paper and products
... 1935-39= 100
Paper and pulp
do
Printing and publishing
...do.-Tobacco products
do
208
198
176
170
214
204
183
177
212
200
176
172
208
198
171
171
190
183
166
161
196
189
174
183
197
192
179
177
158
127
164
140
165
151
165
145
156
132
165
134
167
137
Business sales (adjusted), total. _ _ _ mil. of dol
Manufacturing, total
do
Durable-goods industries
do-_.
Nondurable-goods industries
do
Wholesale trade, total
_
do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade total
do
Durable-goods stores
. _ _ - do. .
Nondurable-goods stores
do
44, 222
22 605
10,851
11 754
8 984
3,050
5 934
12, 633
4,590
8 043
43, 448
22, 479
10, 739
11 740
8, 684
2,925
5 759
12 285
4 276
8 009
44, 728
23 434
11, 150
12 283
8 883
2 892
5 991
12 411
4 272
8 139
43 052
22 133
10 383
11 750
8 679
2 789
5 890
12 240
4 186
8 054
Business inventories, book value, end of month
(adjusted), total
mil. of dol
Manufacturing, total
_._ _
do
Durable-goods industries
do
Nondurable-goods industries _
do
Wholesale trade, total
do
Durable-goods establishments
do
Nondurable-goods establishments. .
do
Retail trade, total
do
Durable-goods stores
do_ _
Nondurable-goods stores _
-do
65, 240
35 557
17 576
17 981
9 940
4 474
5 466
19 743
9,197
10 546
67 361
36 908
18 171
18 737
10 107
4 672
5 435
20 346
9,598
10 748
68 981
38* 068
18 923
19 145
10 270
4 880
5 390
20' 643
9 684
10 959
69
39
19
19
10
4
5
20
9
10
MANUFACTURERS* SALES, INVENTORIES,
AND ORDERSf
Sales:
Value (unadjusted), total
_ . _ mil. of dol
Durable-goods industries
do .
Nondurable-goods industries
do
23 662
11 457
12 205
21 851
10 630
11 220
22 603
10 827
11 776
21 912
10 567
11 345
T
Value (adjusted), total
do
Durable-goods industries, total
do
Primary metals
do .
Fabricated metal products. _
-do
Electrical machinery and equipment___do
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and
fixtures
do
Lumber products, except furniture. . do
Stone, clay, and glass products
do
Professional and scientific instruments. do
Other industries, including ordnance .do
22, 605
10 851
1 953
1,171
1,140
1,796
1 859
407
350
754
570
245
608
22, 479
10 739
2 072
1,230
1,023
1,772
1 691
452
322
782
506
239
650
23 434
11 150
2 158
1,184
1,044
1,801
1 872
478
336
775
584
257
661
22 133
10 383
2 054
1 064
1,000
1 760
1 734
449
292
713
548
225
544
r
11, 754
3, 228
504
261
1,308
797
318
699
696
1,628
1, 856
459
11,740
3,235
484
281
1,354
768
294
680
757
1,596
1,853
439
12, 283
3,431
574
288
1,432
792
307
711
786
1,643
1,887
432
11 750
3,151
599
272
1 279
841
315
686
748
1,543
1,884
433
11 583
3,032
591
278
1 182
940
298
637
740
1,535
1,912
438
11 650
2,946
658
290
1 164
854
315
692
755
1,480
2 023
467
11 083
2,956
508
269
1 086
696
257
663
779
1,431
2 000
435
11 803
3, 156
503
339
1 167
782
265
695
837
1,511
2 102
445
11 482
3, 080
551
35, 970
17, 763
18, 207
37, 054
18,331
18,723
38, 262
19,178
19,084
39 085
19, 740
19 344
39, 840
20, 383
19, 457
40 283
20. 886
19 396
40 624
21,270
19, 354
15,282
9 147
11, 542
15, 658
9 412
11, 984
15,808
9 758
12, 696
16 010
9 823
13 252
16 128
10 180
13, 533
16 052
10 186
14 045
35, 557
17, 576
2,294
1,828
2,077
4,006
2,175
1,211
572
902
711
549
1,251
36 908
18, 171
2 298
1,872
2,180
4,136
2,275
1,273
578
950
741
570
1,298
38 068
18, 923
2 324
1,962
2, 338
4,286
2,336
1,367
612
990
762
596
1,351
39 009
19 598
2 353
2 056
2,465
4. 410
2 390
1, 473
601
1, 008
801
635
1, 406
39 908
20, 304
2 426
2 133
2,574
4,509
2 455
1 657
588
1,017
837
649
1,458
40 621
20 971
2 508
2 278
2,684
4,667
2 480
1 757
568
1,031
837
681
1,483
Minerals
Metals
-
do
do
191
187
175
194
196
191
177
185
r
174
144
r
170
122
184
182
174
147
T
163
r
122
187
185
175
176
193
189
177
175
192
188
177
174
167
r
167
T
P164
P125
127
125
BUSINESS SALES AND INVENTORIES§ f
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 leather products
_
do
Paper and allied products.
_ __do ._
Printing and publishing
do
Chemicals and allied products
do_._
Petroleum and coal products
do _ .
Rubber products
do
Inventories, end of month:
Book value (unadjusted), total.
Durable-goods industries
Nondurable-goods industries
By stages of fabrication: 9
Purchased materials
Goods in process
Finished goods
- . _ .
do
do
_. _.do
_ _
do
do
do
Book vnlue (adjusted), total
do
Durable-goods industries, total.
do
Primarv metals - _
do_ _.
Fabricated metal products
.
do _
Electiical machinery and equipment___do
Machinery, except electrical. . .
do
Motor vehicles and equipment _
do
Transportation equipment, n. e. s._
do _
Furniture and
fixtures
_. _
do
Lumber products, except furniture
do
Stone clay, and glass products
do
Professional and scientific instruments. do
Other industries, including ordnance, .do
r
T
' 41, 691
21
249
T
9, 666
11 583
8 384
2 624
5 760
12 058
3,967
8 091
r
' 42, 930 r' 41, 215 r' 44, 175
22 463
21 677
20
591
r
9, 508 r 10, 660
10 028
11 803
11 650
11 083
9 161
8 824
8 366
2,686
2,842
2 770
6 319
6 054
5 680
12 429
12 258
12 551
4 133
4 189
4 138
8 120
8 362
8 296
«• 43, 648
70 068
41, 424
21 817
19 608
10 109
4*926
5' 173
18 545
8,679
9 866
69, 988
41, 676
22 205
19, 470
10 035
4 838
5,197
r
r
70 268
39 908
20 304
19' 605
10 315
5 045
5*270
20 045
9 494
10 551
4^2
009
598
412
151
887
264
282
562
720
19 601
8 820
10 781
r
21 249
r 9 666
1 974
1 026
870
1 708
1 467
••495
244
623
508
232
519
r
r
r 22, 214
' 10, 732
11, 482
8 942
2,718
6 224
12 492
4 036
8 456
«• 41, 609
r
20, 761
r
9, 786
10 975
8 530
2 487
6 043
12 318
3 918
8 400
r 43, 989
r 22, 484
10, 941
r
11,542
8,855
2,586
6,269
12, 650
4,150
70, 218
42, 206
22, 976
19, 230
9 951
69 965
41, 132
21 413
19 719
10 072
4 918
5 154
18 761
8 693
10 068
22 458
10 269
12 189
T 21 544
r
9 937
11 607
' 20, 810 22, 039
' 24 072 T 22 240
r
«• 10, 473
9, 939
' 11 451 ' 10, 588
12 621
11, 566
11 653
10 871
r
' 22 463 'r 22, 214 ' 20, 761
r
10 732
9, 786
•• 10 660
1,957
1 932
1,853
1,188
1,076
1,171
1,090
1,034
1,077
2,095
1 926
1 978
1 627
1 579
1 356
••587
'610
'542
289
284
242
618
697
587
418
534
526
232
230
222
523
462
637
r
21, 677
r 10 028
1 872
977
1,056
1 728
1 648
••521
278
658
540
223
526
20 591
r 9 508
1 740
973
1,032
1 680
1 471
'508
264
590
495
204
549
8, 385
9 895
70 107
42, 014
22 675
19 339
10 000
4 793
5 207
18, 093
8,218
9 875
2,979
582
r
r
r
5,117
18, 061
8,197
r
r
r
r
r
2,232
1 602
'624
240
666
499
288
549
11, 542
3, 012
586
42, 621
21, 964
10, 770
11, 194
8,259
2,494
6 266
12 862
4, 390
r
8 472
5, 765
12, 398
69 885
42, 193
23 037
19, 156
9 717
4 722
69, 882
42, 313
23, 232
19, 082
4,995
4,080
8,317
9,736
4,714
5,022
17, 975
r
8, 160
r
9, 815
17, 833
8,108
22 135
10, 700
r n 375
22, 992
11, 387
r
21, 964
10, 770
1,873
1,125
1,088
2,071
1,716
648
277
9,864
' 22, 484
r
10, 941
1,944
1,238
1,060
2,696
T
4,834
r
10 975
45, 156
23, 332
11, 493
r
11 839
r
8 962
r
8,500
70 124
40 621
20 971
19 650
10 074
4 961
5 113
19 429
9,154
10 275
18,280
r
T
r
r
23, 332
11 493
1 985
1,224
1,121
2 316
1 675
r
697
r 273
r
736
r
551
'284
'632
r 11 839
' 3, 166
r 549
9,725
11,605
686
485
258
542
11, 194
2, 986
604
290
288
325
1 066
1 110
1, 139
787
206
658
727
208
601
768
203
691
829
1,486
2 092
782
1,408
1 927
875
1,518
1, 958
672
'856
>• 1. 598
r 2 089
438
363
468
440
40 958
21, 585
19 373
41, 353
19 430
42 047
22, 445
19 602
42 470
22, 852
19 618
r 42 584
r
23, 098
T 19 486
42, 759
23, 46,5
19, 283
15 836
10 561
14 2°7
16 243
10 682
14 033
16 388
10 735
14 230
16 669
10 924
14? 453
16 491
11 228
14 751
r 16 286
r
11 605
r 14 6°3
16 107
11 956
14 696
41 132
21 413
2 602
2 376
2,706
4, 770
2 521
1 879
571
1,018
836
690
1,443
41 424
21 817
2 664
2 439
2^736
4,873
2 633
1 960
' 552
1, 036
829
701
1,393
41 676
22 205
2 687
2 431
2, 768
42
22
2
2
r 42 193
r 23' 037
2 819
2 418
2, 948
42
23
2
2
5,112
2 700
2 176
42 206
22 976
o 807
2 410
2,915
5,187
2 720
2 282
520
539
1. 092
841
718
1,428
1,086
868
724
1,437
21,924
4,995
2 731
2 098
542
1, 051
810
713
1,379
014
675
778
438
2,870
r
317
287
1 151
r
783
1,081
699
195
631
r 218
r
5,244
r
2 675
2 320
r 535
1,077
r 878
r
719
' 1, 404
799
1,524
1,950
313
232
806
425
2,975
5,288
2 659
2 435
524
1, 095
904
703
1,417
Revised.
» Preliminary.
d^Seenote marked "c?" on p. S-2.
§ The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown below on pp. S-3 and S-4; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.
t Revised series. All components of business sales, inventories, and orders have been revised; for appropriate explanations of changes and data through 1950 (except figures beginning 1948
for retail sales and beginning 1940 for the indicated orders series, which have been further revised and are available upon request), see pp. 15-24 of the October J1951 SURVEY. Manufacturers'
sales, inventories, and orders (except as noted) have been revised beginning 1948, wholesale trade beginning 1939, and retail trade beginning 1940; moreover, the adoption of revised industry definitions for manufacturing beginning with the 1948 data results in discontinuity of industry figures for earlier periods.
9 Data beginning December 1947 are shown on p. 7 of the March 1952 SURVEY.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
March
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf— Continued
Inventories, end of month— Continued
Book value (adjusted)— Continued
Nondurable-goods industries, total-.mil. of dol__
Food and kindred products
do
Beverages
do
Tobacco manufactures
- do_
Textile-mill products
do. .
Apparel and related products
do
Leather and leather products
do__
Paper and allied products _ _ . _
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber products
do
17, 981
3, 330
1,222
1,(>05
2,800
] , 590
18, 737
3, 551
1,242
1, 630
3, 046
1, 616
640
808
684
666
840
661
2, 520
2,228
2, 626
2,294
New orders, net (unadjusted), total!
do
Durable-goods industries, total}
do
Primary metals
do
Fabricated metal products
- do
Flectrical machinery and equipment
do
Machinery, except electrical
_ _ -do
Transportation equipment, including motor
vehicles and parts!
- mil.ofdoL
Other industries, including ordnance t
do
Nondurable-goods industries, total
do
28, 490
1 5, 542
2. 587
1,441
1,732
2,644
Unfilled orders (unadjusted) total}
Durable-goods industries, total}
Primary metals
_
do
do_ __
do
Electrical machinery and equipment _ do. _ _
Machinery, except electrical _ _ _ _ _ _ _ d o _ _,
Transportation equipment, including motor
vehicles and parts}
mil.of dol__
Other industries, including ordnance!
do
Nondurable-goods industries total
do
19, 145
3, 580
1,254
1, 652
3,137
1,667
677
855
681
19, 605
3, 554
1,209
1,656
3,222
1,746
19,412
3, 542
1,254
1, 642
3,214
1, 687
19,650
3,619
1,161
1, 668
3,190
1,686
19, 719
3,546
1,201
1,712
3,130
1,644
652
917
702
622
924
711
2,850
2,481
2,906
2,523
2,970
2,574
' 22. 482 r 22. 974
' 12, 161 r 11,044
2, 037
2, 002
1 . 090
937
1,284
1,064
2,180
2,259
691
887
694
637
936
711
19, 608
3,545
1.200
1,766
3,048
1,498
607
942
711
19, 470
3,465
1,204
1,824
2,911
1,445
594
959
733
19, 339
3,386
1, 193
1,836
2,814
1 446
19, 230
3,376
1 168
1 , 795
2,774
1r 446
573
1,022
567
1,005
757
753
' 19, 156
••r 3, 451
1 224
'r 1,770
2,
670
r
1,384
r
546
' 1, 051
' 760
r 2, 996
r
2 500
19, 082
3,479
1 240
1 762
2 564
1 318
547
1, 056
763
3, 028
2 520
2,699
2, 360
2,771
2,420
23. 820
12, 987
2, 264
1,282
1, 304
2,304
23, 580
12, 404
2, 175
1,147
1, 246
2,308
24, 100
13,303
1,977
1,091
1,453
2,291
4,128
3,009
12, 948
3,199
2,634
10, 834
3,198
2,331
11, 176
4,349
2,143
10, 797
55, 350
47, 608
8,190
5 704
5,029
9,276
57, 403
50, 049
8,486
5, 858
5,287
9,739
58, 416
51, 662
8, 589
5 884
5,541
10, 178
60, 264
54, 058
8, 518
5 868
6,008
10, 144
r
62, 675 ' 63, 089 «• 62, 859
' 56, 929 r 57. 704 r 57, 889
8, 556
8,822
8,877
5 827
5 879
5 849
6,776
6, 599
6, 530
11, 304
11,251
10, 803
' 62, 703 ' 63, 374 •• 62, 908
' 58, 022 '• 58, 751
r 58, 701
8, 691
8,036
8,613
5 676
5 597
5 598
6,809
6,898
7,197
11, 242
11,313
11, 281
r
>• 11,328
63 208
59 503
7 697
5 420
8,208
10, 909
13,117
6,294
7,741
14, 118
6,560
7, 354
15, 070
6, 400
6, 755
17, 220
6,299
6, 206
r 18, 679
6,216
5, 746
' 19, 663 ' 20, 652 >• 21, 221
5,941
5, 677
5, 368
4,681
4,624
4,208
' 21, 544 •• 21,706
r 5, 400
5, 464
r
3, 737
3,920
21, 889
5,380
3,705
554
565
583
610
640
616
' 3, 340
2,305
10, 321
r
2, 328
2,380
11,930
••18,916
6,212
5, 385
3,004
2,582
659
705
3,030
2,566
r
739
••21,314
»• 10, 122
1,487
1,074
1,207
1,745
23, 916
11, 584
2 179
1, 146
1,188
1,966
•• 22, 912
••11,316
1 876
1,093
1 212
1,981
r 2, 396
2, 213
11, 286
2,612
2,494
12, 332
•• 19, 299
6,127
4,970
T
3, 151
2,002
11,596
3,000
2r 535
799
3,005
2 522
797
805
' 20 344 ' 22 326 «• 22 192
r 11, 000
r 9, 889 '11,048
r I 715
1 348
2 008
1,056
1, 061
r
1, 454
1,341
1,111
r
1,906
2, 134
2,180
22 948
11,375
1 818
896
1,836
1,822
' 2, 475 rr 2, 427
2, 132
2,213
>• 11, 192
11,278
2, 705
2 299
11, 573
»• 2, 605
1 521
10, 455
63, 195
r 59, 276
8 065
5 531
7,291
11,380
r 63, 253
r r59, 516
7 869
r 5 g74
' 7, 538
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
Operating businesses, end of quarter, total
Contract construction
Q
'
T-
'
J
f.
•
~~
"
thous_ _
do
flft
Retail tn.de
^Vhol^sale trade
All other
do
do
do
Contract construction
do
c; ' '
' d
t
do
Retiil trade
\Vholesale trade
All other
do
do
do
Discontinued businesses, quarterly total
Contract construction
anura^i
^
-_
T?
t "I tI a d
ruaan
, _
-
do
do
do
-
All other
do
p 4,015.1
' 377. 1
p 308. 6
» 857. 7
P 1,672.9
v 207. 4
v 591. 4
4, 007. 4
372.3
306.7
857. 2
1, 676. 8
206.6
587.8
p 4 008. 7
p 378. 1
v 307 2
p 856. 4
v 1,666.2
v 207 5
T> 593. 3
122.0
21.0
14.4
21.9
41.3
5.3
18.1
109.9
19. 4
12.9
19.2
38.3
4.5
15.5
100.2
14.3
10.8
18.3
41.4
3.7
11.8
v 102. 2
P14.6
•p 11.0
p 18.6
P42. 2
1-3.7
* 12.0
97 8
13 9
10.5
17 8
40 4
P3 6
v 11 5
93.8
74 6
75 2
91 4
14.9
9 2
16.5
33.7
3.7
13.4
._ _ _ . _ _ |I.
--- _ _ .
BUSINESS INCORPORATION Stf
New incorporations (48 States)
7,649
7,653
7,544
6,810
6,428
6,496
5,950
6,812
6,289
6, 913
number _
do
do
_ _ _ . do
do
do
732
69
83
115
377
88
693
52
81
119
365
76
755
64
94
128
385
84
699
43
71
129
390
66
665
55
74
130
340
66
678
56
89
136
333
64
620
39
84
150
277
70
643
57
85
150
304
47
587
48
68
106
307
58
thous. of doL-
17, 652
1,375
3, 292
5,169
5, 605
2.211
17, 064
1,055
2, 268
5,894
5, 647
2,200
23, 504
1,871
4. 655
5,497
7,487
3,994
22, 773
1,006
3, 085
5,014
7,434
6,234
21, 088
1,398
2,666
7,790
4,778
4.456
26, 417
1,358
4,290
10, 497
6, 173
4,099
26, 643
782
4, 668
14, 908
4, 826
1,459
29, 742
2,044
1,937
12,219
6, 707
6,835
17, 567
952
3,740
6,158
4, 369
2,348
_ _ number -
r
8, 357
r 7, 138
7,902
612
48
71
131
296
66
671
50
68
143
348
62
619
52
70
133
304
60
715
55
72
148
371
69
19, 403
1,874
2, 251
6.515
5,177
3,586
26, 208
4,249
2, 672
8, 365
7,761
3,161
19, 474
1,649
1,935
5, 614
6,548
3,728
29, 232
4, 563
2,485
13, 046
6,905
2,233
INDUSTRIAL AND COMMERCIAL
FAILURESd1
Failures, total
_
Commercial service
Construction
Manufacturing and mining
Retail trade
_ .
Wholesale trade
Liabilities, total
Construction
Manufacturing and mining
Retail trade
Wholesale trade
.
do
do__
do
- do_
••Revised.
P Preliminary.
fRevised series. See corresponding note on p. S-3.
cf Data are from Dun & Bradstreet. Inc.
^Unpublished revisions for the indicated series on new and unfilled orders are available upon request as follows: Grand total and total durable-goods industries, June-September 1950;
transportation equipment (incl. motor vehicles, etc.) and other industries (incl. ordnance), January 1946-September 1950.
SURVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-5
1952
1951
March
April
May
June
July
December
January
291
239
296
247
301
267
249
224
424
345
172
249
307
332
387
305
249
305
280
253
233
440
339
177
331
309
328
379
314
233
300
277
251
234
431
325
171
337
303
320
376
316
200
289
259
249
230
436
313
168
217
296
317
377
317
181
288
265
251
229
435
309
176
265
284
310
372
305
177
292
244
August
February
October
November
September
March
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products§
Crops
Food grains
Feed grains and hay
_ _
Tobacco
Cotton
_.
Fruit
Truck crops .
__ _ _
Oil-bearing crops .._
Livestock and products
Meat animals
Dairy products
Poultry and eggs ._
1910-14=100..
do
do
_.
do
do
do .
do
_
do
__do
do
do
do
_ __ __do
311
276
245
221
437
359
202
265
386
343
428
280
217
309
275
247
222
438
363
209
225
385
340
428
273
215
305
271
244
223
438
357
194
239
380
335
418
270
221
301
263
294
252
240
217
438
353
200
189
358
335
422
269
217
236
213
438
329
175
204
317
332
414
272
222
234
215
430
291
207
181
294
336
416
277
231
233
216
423
283
201
161
288
337
411
283
247
239
219
445
304
188
171
296
340
410
294
247
Prices paid:
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.-
272
269
274
273
269
276
272
270
274
272
270
273
271
270
273
271
270
273
271
268
275
272
268
277
274
271
277
273
272
275
275
271
278
276
271
281
275
270
280
280
283
283
282
282
282
282
283
284
284
287
288
288
Parity ratio? .
111
109
108
107
104
104
103
105
106
107
105
100
100
All commodities (U. S. Department of Commerce
index)
1935-39=100
205.8
205.6
206.5
206.4
206 6
206 1
207 4
209 0
210 3
210 8
210.9
208 9
208 8
Coal (U. S. Department of Labor indexes):
Anthracite
Oct. 1922-Sept. 1925=100-.
Bituminous
_
do
170.0
168. 9
169.1
168.8
162.9
166.1
165.2
165.8
166 3
166 7
168 1
166 9
168 8
167 7
170 5
169 4
171 3
169 6
171 4
170 1
171.4
170 5
171.4
170 5
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 _ _ _ do
Gas and electricity
do
Other fuels
_ _____
do
Housefurnishings
do
Rent
_ _
do
Miscellaneous
do
184.5
203.1
226.2
187.5
204.6
217.1
272.2
144.2
97.2
205.0
210.7
134.7
164.3
184.6
203.6
225.7
188.3
204.1
214.8
272.6
144.0
96.9
205.0
211 8
135.1
164.6
185.4
204.0
227.4
188.2
203.5
221.6
272.8
143.6
97.3
202.4
212 6
135.4
165.0
185.2
204.0
226.9
188.4
203.9
219.9
271.6
143.6
97 1
202.8
212 5
135.7
164.8
185 5
203 3
227 7
189 0
205 1
218 5
273 2
144 0
97 2
203 7
212 4
136 2
165 0
185 5
203 6
227 0
188 7
205 9
208 9
275 0
144 2
97 3
204 2
210 8
136 8
165 4
186 6
209 0
227 3
189 4
206 4
205 1
275 6
144 4
97 3
204 9
211 1
137 5
166 0
187
208
229
189
207
210
276
144
97
205
210
138
166
4
9
2
4
9
8
6
6
4
8
4
2
6
188 6
207 6
231 4
190 2
210 4
223 5
273 5
144 8
97 4
206 3
210 8
138 9
168 4
189 1
206 8
232 2
190 4
213 2
236 5
270 l
144 9
97 5
206 6
210 2
139 2
169 1
189.1
204 6
232.4
190.6
215 8
241.4
272 1
145 0
97 6
206 8
209 1
139 7
169 6
187
204
227
190
217
223
271
145
97
206
208
140
170
_ __do_
RETAIL PRICES
r
9
3
5
9
0
5
1
3
9
7
6
2
2
il gg
203
227
191
215
232
267
145
97
206
207
140
170
o
5
6
2
7
1
7
3
9
8
6
5
7
WHOLESALE PRICESd"
U. S. Department of Labor indexes (revised):f
All commodities
_
-1947-49=100
r
116.5
116 3
115.9
115 1
114 2
113 7
113 4
113 7
113 6
113 5
113 0
Farm products _ _ _ _
do
Fruits and vegetables, fresh and dried. _do
Grains __
do
Livestock and live poultry __
do_
117.6
88.5
100 2
122,9
117.5
98.3
100 2
123.2
115.7
103.8
98 3
119.8
113 9
94.2
94 7
119.9
111 1
90.8
94 3
118 6
110 4
89.4
95 8
118 2
109 9
92.8
96 6
116 2
111 5
96.1
101 1
114 5
112 0
106. 9
103 9
108 5
111 3
117.4
105 1
107 5
110 0
121.5
103 6
106 7
Foods, processed
_ _ _~
do_ __
Cereal and bakery products
__ .do
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen
1947-49=100-Meats, poultry, and fish. _
_ _do
112.0
107. 1
106.8
111.8
107.0
106.0
112 3
106.8
106.5
111.3
106.2
106.5
110 7
106 2
106.7
111 2
106 7
107.9
110 9
106 4
106.1
111 6
106 8
108.5
111 0
107 8
111.1
110 7
107 9
113.0
no i
106.7
117.1
106.7
117.1
105.8
118.1
104.4
117.2
103.5
116 8
103.4
117 5
104.7
118 3
105.6
119 5
106.1
115 8
106.2
113 6
105.7
113 5
117.3
111.8
120. 6
95.8
114.8
105 4
109.6
117. 1
111.5
120. 9
95.8
107.6
105. 4
109.9
116.8
111.3
121.2
95.6
103.6
105 3
109.5
116 2
110.2
120 9
95.7
88.5
103 5
108.7
115 7
108.8
120 4
95.6
70.0
107 1
107.8
114 9
108.5
120 4
95.6
70.4
107 9
107.4
114 8
108.7
120 7
95.6
73.0
107 2
108.0
114 6
108.8
120 9
95.6
71.8
107 5
108.7
114 5
108. 6
1°0 9
95.0
65.2
108 1
109.8
114 6
108.4
120 8
95.2
61. 5
108 9
109.9
114 3
106.7
118 1
94.8
56.8
109 4
109.3
Fuel, power, and lighting materials
do
Coal
. _
do
Electricitv
do
Gas ___ . _ - _ ..
do
Petroleum and products
_
. do Furniture and other household durables
1947-49=100-.
Appliances, household- . _
„ do
Furniture, household
do
Radios, television, and phonographs__do
107 3
110 1
98 0
103 8
110. 7
106 5
108 2
97 4
101 5
110.4
106
107
98
98
110
106
108
98
97
110
106
107
98
97
110
5
2
5
5
8
106 3
107 *)
97 4
98 0
110 8
106 7
108 4
106 8
106 9
1 AO 0
QQ f)
107 4
f)
107 4
108 8
98 4
110 9
QQ 9
110 9
no o
110 9
110 8
110 8
115.1
107 9
117.6
92.6
115.4
107.9
117.5
92.6
115.3
107 9
117.4
92.6
115.0
108 1
116. 5
92.6
114.4
107 6
115.9
93.6
113.5
107 7
115. 6
93.2
113.1
108 0
115.5
92.9
112.8
107 9
115.4
93.0
112.7
107 9
115. 5
93.0
112.7
108 2
115. 1
93.0
112.3
108 0
113. 6
93.1
'112. 4
112.1
113.5
93.1
113.4
92.7
Hides, skins, and leather products
Footwear
Hides and skins
Leather
_do
do
do
do
126.9
123 1
134.0
137 8
126.5
123 1
130.7
137 8
126.2
122 9
130.3
137 4
124.7
122 6
129.4
1^2 6
122.3
122 1
124.0
118.0
mo
111.5
113. 6
107.0
105.1
102.2
'99. 5
98.1
1 97 7
118.0
122 0
113. 3
118 7
109.5
87.6
81.7
69.7
63.7
r
89. 5
59. 0
87. 4
do
do
126.6
126 7
126.6
126 7
126.1
126 0
124.6
124 °
123.5
123 0
m
121.6
121.7
121.1
120. 3
120.1
'120. 3
120. 6
120. 5
120. 8
Commodities other than farm products and
foods . ._ - - __ _ _ 1947-49=100
Chemicals and allied products
do
Chemicals, industrial _ _. . do
Drugs, Pharmaceuticals, cosmetics - _ _ d o
Fats and oils, inedible
do
Fertilizer materials. . .
_ _ do
Paint and paint materials
Lumber and wood products
Lumber
do
Machinery and motive products __ >_do-._
Agricultural machinery and equip. do
Construction machinery and equip., .do
Electrical machinery and equipment—do
Motor vehicles
do
2
8
0
2
2
3
1
0
2
4
122.3
7
no o
1 9ft A.
19A Q
108 7
AO
-1 AO
A
107 5
113.2
AO
A.
1 r\f
,•
l!2 5
112 3
107 8
112.6
101 7
106 °
108 3
123.9
102 0
10^ 2
!09 5
107 4
l!5. 1
109 9
107 5
113.2
104.8
110 8
104.7
111 0
r
r
r
l!4 2
'105. 9r
H i -\
'93.4
51.2
100 A
••108. 7
m
A
105. 4
mi
93.1
40. 7
109 0
108.0
98. 0
•I OA 7
118 6
118.6
118 6
118 6
1 90 ^
1 9ft ft
118 8
118 9
119 4
120 2
120.3
120.3
120.3
120.3
120.1
120.1
120.1
120.2
120.2
120.2
121.5
121.8
121.8
123.6
123.6
123. 6
123.6
123.7
123.7
123.7
123.6
123.8
124. 0
124.6
'125. 2
125. 2
121.8
121.7
121.8
121.8
122.2
122.1
122.1
121.8
122.1
121.8
121.5
121. 6
121.4
114 1
112.1
112.1
112.1
112.2
119 «
IIA n
11A Q
1 1 ft K.
117 1
i on a
1 on n
119 5
1
• .rujviseu.
Indexed on old basis for March 1952 is 188.4.
§ April 1952 indexes: All farm products, 290; crops, 272; food grains, 250; feed grains and hay, 229; tobacco, 435; cotton, 313; fruit, 179; truck crops, 308; oil-bearing crops, 279; livestock and
products, 306; meat animals, 372; dairy products, 291; poultry and eggs, 180.
9T j.vt^v,
Ratio uof
prices icwivcu
received to
prices paiu.
paid \."^"uiug
(including IUMJICDI,,
interest, taxes,
and wage
rates).
-""" actual
' * wholesale
' *
w jLuiuea
i,a,At;s, ttuu
wa^t; itiiesj.
cfFor
prices of individual commodities, see respective commodities
A JJ-IVAJO
_ tRevised series. Data reflect use of new base period, expansion of commodity coverage,
system,
weights,
and
.£c, and
0,-uui changes
uuaii^co in
ui the
ILIV classification
uitt;5M.uucnJuii
system,
weijuus,
ami calculation
caicuiauoii method;
meinoa; for
ior monthly
mommyy data
aaia beginoegi.
1
: J
/1/w>
ning January 1947, see pp. 22-24 of the March 1952 SURVEY. It should be noted that the revised
series
does
not
re—
^ u ~former
*
~ ~~ (1926=100)
^^ as
._ the
^ -.«•.-.-•.-•*._ of
'.* primary
•
, _ . .pric
.?..
vised series does not replace the
index
official index
market
prior to January 1952.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
March
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
U. S. Department of Labor indexes (revised):! — Con.
Commodities other than farm prod., etc. — Con.
Metals and
metal products
1947-49=100—
Heatin0" equipment
do
Iron and steel
do
N onferrous metals
do _
Nonmetallic minerals, structural,
do
Clay products
do
Concrete products
do
Gypsum products
do
123.2
114.8
122.9
125.3
113. 7
121.4
112.4
117.4
123.3
114.8
122.9
125.7
113.7
121.4
112.4
117.4
123. 2
114.8
122.9
125.4
113.6
121.4
112.4
117.4
122.7
114.6
122.9
123.2
113. 6
121.4
112.4
117.4
122.3
114.4
123 0
121.5
113.6
121.4
112.4
117.4
122.2
114.5
123 1
121.6
113.6
121.4
112.4
117.4
122.1
114 5
123 1
122 0
113.6
121.4
112.4
117.4
122.4
114 6
123 1
124 0
113.6
121.4
112.4
117.4
122.5
114 4
123 1
124 1
113.6
121.4
112.4
117 7
122.5
114 5
123 91
124
112.8
121 4
112.4
117 7
122.4
114 0
123 1
194 2
112.9
121 4
112.4
117 7
Pulp paper and allied products
do
Paper
- - - - do
Rubber and products
do
Tires and tubes
do
Textile products and appareL..
do
\pparel
do
Cotton products
- do_ ._
Silk products
do -_
Synthetic textiles
do
Wool products
- • - - do
120.3
117.1
152.3
133.9
115.9
104.3
118.9
146.3
102.3
164.7
119.7
117. 1
151. 5
133.9
115. 5
104.1
118.8
138.3
99.7
164.5
119.8
117.1
151. 3
133.9
114.8
104.1
117.8
124.9
98.7
161.8
120.2
117. 6
148. 3
133.9
112.9
103.7
116.0
133.7
98.0
151.7
120.2
118.3
144 3
133.9
111.6
105.0
113.0
116.1
96.7
145.5
119.5
119.8
144 3
133.9
108.5
104.5
106.9
112.3
94.0
140.0
119.4
121.5
144 7
133.9
105.9
104. 1
102. 5
117.9
92 9
129.8
118.8
122.1
144 7
133.9
103. 9
103 3
100.8
122.5
91 5
120.8
118 4
122 4
144 6
133 9
103.9
102 3
102 3
123 2
91 5
122 0
118 4
122 4
144 3
133 4
104.0
102 1
103 3
125.3
91 7
120 3
118 2
122 8
144 1
133 4
103.3
101 7
102 8
126 0
91 4
118 0
r Hg 3
Tobacco mfrs. and bottled beverages
Beverages alcoholic
- Cigarettes
-
108.4
107.0
105.7
108. 4
107.0
105.7
108.4
107.0
105. 7
108.4
107.0
105. 7
107.9
106.1
105.7
107.8
105. 8
105.7
107.8
105. 8
105. 7
107.5
105. 8
105.7
107.5
105 9
105. 0
108.1
105 9
107.3
108.1
105 9
107. 3
r
44.8
54. 2
44.2
45.0
54.2
44.3
45.1
53.9
44.0
45.4
54.0
44.1
45.8
53.9
43.9
46.0
53.9
44.1
46.1
53.6
44.0
46.0
53. 0
43.2
46.0
52.9
43.1
46 3
52.9
43 0
do
do
- do_ --
122.6
114 0
123 2
r J25 0
112.9
121 4
112.4
117 7
123 7
143 ]
133 4
102.1
r 101 7
r 1()1 0
130 2
89 9
114 4
l!0.8
r HI 2
107 3
122.6
114 o
123 2
125 0
112.9
121 4
112.4
117 7
117 7
123 8
142 1
133 4
100.6
101 6
99 6
129 1
87 3
111 9
110.8
111 2
1C7 3
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices f
Consumers' prices
Retail food prices
1935-39=100..
1
_ _
do
do_ _ _
1
46.0
53.4 !
43.6
r
46 5
53 2
44 0
46 5
53 2
43 9
r 2 014
2 296
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
New construction, total
mil. of dol
Private, total
_
do
Residential (nonfarm)
do
New dwelling units
do
Additions and alterations
do_ _ .
Nonresidential building, except farm and public
utility total
mil. ofdol.Tndustrial
-do
Commercial
- do
Farm construction
- - -__do_ _ _
Public utility
do
Public total
Residential
Nonresidential building
Militorv and naval
Highway
Conservation and development
Other types
-
do _
..do
do
-do
do
do
do
2,198
2,388
2,584
2,737
2,797
2,843
2,827
2,709
2,495
2 222
2 124
1,614
1,691
1,787
1,879
1,915
1,916
862
785
61
898
810
72
1,899
922
825
81
959
855
88
968
860
91
954
845
92
1,805
1,692
954
845
93
945
840
91
1,521
915
815
86
809
715
80
1 472
400
143
128
83
264
409
152
125
95
283
442
168
130
113
305
463
178
131
126
326
465
190
120
134
343
459
198
108
140
357
451
202
100
130
358
393
178
83
108
353
343
155
75
92
336
320
147
69
81
305
584
37
255
41
110
61
80
697
42
283
56
160
69
87
797
45
298
68
215
76
95
858
48
305
75
250
84
96
882
49
308
88
260
82
95
927
55
312
108
280
80
92
928
63
302
122
275
78
88
904
67
289
137
250
77
84
803
69
269
148
170
74
73
r
1, 405
1,571
600
r
63
799
710
77
404
198
83
80
262
399
207
73
75
250
414
212
79
80
272
701
66
260
149
95
68
63
652
67
267
125
75
59
5Q
r 609
725
62
296
132
105
62
68
28, 832
323
768 1, 234, 339
502,
416
736
731, 92?
032
31, 842
902, 091
296, 897
605 194
33 767
45 041
885, 206 1,321,254
554 050
338 662
767 204
546 544
720
650
57
r 676
66
251
115
r
70
r
56
56
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
44, 755
52, 700
49, 498
46,319
44, 334
42, 435
48, 376
42 735
Total projects
number
Total valuation
thous. of dol_ 1, 267, 450 1,374,991 2, 572, 961 1, 408, 932 1,379,830 1,262,811 1,082,855 1,051,419
456,319
1,474,166
583,
146
486,
452
418,
457
615,370
317,
731
Public ownership
do
306, 604
825, 786
918, 672 1,098,795
765, 124
848, 993
776, 359
764, 460
744 815
Private ownership
do.
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
projects
Floor area
Valuation.
Public works:
Projects
Valuation
Utilities:
Projects
Valuation
_.
- number.thotis. of sq. ft_.
thous. of doL.
4,222
43, 301
469, 254
4,259
4,421
41, 473
44, 804
518, 021 1 , 633, 908
4,463
41, 162
553, 280
4,496
39, 926
536, 533
4,170
36, 700
475, 957
4,558
36, 273
404, 462
4,775
34, 782
418, 203
3,618
27, 611
327, 706
3,262
43, 016
593, 007
3, 3*>5
24, 868
357, 676
3 472
24, 941
301, 404
4 311
33, 345
463, 276
number
thous. of SQ. ft_
thous. of doL.
42, 497
65, 761
574, 569
43, 197
65, 180
590, 848
45, 856
73, 596
661, 094
37, 588
60, 496
545, 152
37, 173
58, 823
548, 144
39, 864
60, 372
567, 566
35, 789
52, 438
479, 716
36, 152
52, 454
496, 247
31 162
47, 248
443, 884
24, 204
37, 985
346, 104
27 380
37, 423
337, 721
29 069
45 380
396, 438
38 860
65, 422
592, 717
number
thous. of dol ..
1,318
166, 435
1,583
183,080
2,016
186, 868
2,204
183,973
2,151
190, 884
1,927
160, 368
1,756
141, 335
1,457
101, 903
1,233
117, 809
1,064
138, 859
840
130, 814
930
124 885
1 429
193, 714
- - .- number. _
thous. of doL.
339
459
407
500
514
358
332
91,091
126,527
104, 269
35, 066
441
42, 369
156,369
297
296
58, 920
57, 342
310
302
83, 042
351
57, 192
75, 880
62, 479
71, 547
165
228
234
234
177
163
149
134
182
162
179
169
147
168
132
r
197
193
166
175
156
176
141 •
200
199
170
192
200
174
134
136
156
140
160
141
156
146
152
186
163
176
118
161
142
r 145
r 156
163
171
150
162
829, 173 1, 196, 798
788, 429
1,042,851
Value of contract awards (F. R. indexes) :f
Total unadjusted .
1947-49=100.
Residential unadjusted
- - do.
Total adjusted
do_.
Residential, adjusted
do .
Engineering construction:
Contract awards (E. N. R.)§
36
931,
323
608
thous. of dol.. 1, 406, 456 1, 043, 434 1, 267, 995 1,027,087 1 , 378, 640 1,145,715
917, 158 1, 026, 973 1, 024, 775
124
166
145
r
Highway concrete pavement contract awards:©
1
7,562
4.959
4,920
5,946
4,508
4,342
9,248
4,159
Total
thous. of sq. yd
2 856
3 487
3 757
3 723
5 411
2,841
1,278
690
714
458
966
4, 335
275
671
* 413
\irports
do
621
427
879
1
2,329
1,939
1,436
1,681
1,957
2,326
2,840
803
1,814
2, 197
Roads
do
1 497
988
3
289
1
2,339
2,782
2,202
2,036
1.904
2,073
2,358
Streets and allevs
do
1. 549
1.369
1.777
1.271
1. 856
1 . 695
r
Revised.
1 Data include some contracts awarded in prior months but not reported.
o"For actual wholesale prices of individual commodities, see respective commodities.
f See note marked "f" on p. S-5.
t Revised series. Purchasing-power data are based on revised price indexes shown on p. S-5. Indexes of contract awards reflect use of new base period. Revisions prior to 1951 for both
series will be shown later.
§Data for March, May, August, and November 1951 and January 1952 are for 5 weeks; other months, 4 weeks.
QData for May, August, and November 1951 and January 1952 are for 5 weeks; other months, 4 weeks.
SUKVEY OF CURRENT BUSINESS
Jlav 1952
S-7
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
May
June
July
1952
August
September
October
November
December
January
Fe
aT i March
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U S Department of Labor)
_ number. _
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total
number. _
Privatelyfinanced,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 :t
Number of new dwelling units... .1947-49 =100..
Valuation of building, total
._ .- do
New residential building
do___
New nonresidential building
do
Additions, alterations, and repairs
do
93, 800
96, 200
101, 000
132, 500
90, 500
89, 100
96, 400
90, 000
74, 500
60, 800
' 64, 900
77, 000
1 98, 000
54, 361
50, 738
40, 892
2,816
7, 030
3,623
54, 137
50, 565
42, 865
2, 857
4,843
3,572
57, 765
54, 688
43, 957
2, 514
8,217
3,077
83, 991
47, 134
37, 867
2,622
6, 645
36, 857
45, 684
42, 092
33, 323
2,432
6,337
3,592
48, 002
47, 182
38, 036
2, 669
6,477
820
51,607
50, 491
40, 370
2,995
7,126
1,116
43, 180
42, 187
35, 580
2,489
4,118
993
34, 989
32, 681
27, 781
1,766
3,134
2,308
27, 807
26, 782
21, 224
1,700
3,858
1,025
37, 666
34, 547
28, 374
2,386
3,787
3,119
45, 670
43, 157
34, 972
3,017
5,168
2,513
57. 887
49, 795
40,111
3, 459
6,225
8,092
' 119. 6
'148.6
'151.4
'157.4
'117.8
117.7
140.4
155.0
129.8
109.9
121.2
146.9
158.2
132.8
136.8
179.4
178. 2
233.5
112.1
122.6
98.2
127.0
127.7
124.5
130.4
106.9
138.1
137.5
143.3
128. 7
114.1
149.9
155. 6
153. 5
120.2
94.4
117.8
121.8
110.0
120.9
76.5
96.6
97.6
100.3
84.6
61.3
77.0
75. 3
80. 5
75.5
82.1
91.8
99.7
80.8
87.8
'100.9
r
!07.5
'126.2
'81.4
r
97.4
126.5
136.8
161. 5
107.6
111.0
234.8
357
236.2
237.1
237.4
373
237.4
237.6
238.5
374
239.5
239.0
239.1
374
240.9
' 240. 7
241.4
374
525
550
542
485
512
376
527
556
544
488
612
376
528
557
545
490
512
378
531
557
545
490
529
379
535
557
545
495
530
379
535
561
545
495
530
378
536
561
546
495
532
377
538
562
548
495
532
379
538
562
548
494
532
378
539
573
548
494
533
380
542
581
549
497
535
380
543
581
550
497
535
378
544
582
551
498
537
378
230. 5
232.6
243.3
230.7
232.8
243.6
232.6
234.3
245.0
233.2
234.6
244.9
233. 4
234.6
244.2
233. 5
234.8
244.4
234.2
235. 6
245.7
235.1
236.4
246.8
235.1
236.4
246.9
235. 9
237. 2
246.9
237.0
237. 9
248.0
236. 7
237 4
247.8
237.2
237 7
248 0
232.1
232. 6
238.7
247.7
218.4
232. 2
232.7
238. 9
248.0
218.5
234.5
234. 5
240.4
249.0
219.7
235.0
234. 9
240.5
248.7
220.2
235.4
235.1
240.2
247.7
220.5
235.5
235. 2
240.4
248.0
220.5
236.1
235. 8
241.5
249.7
221.0
236.8
236.5
242.5
251.1
221.5
236.9
236. 5
242.5
251.1
221.5
237.7
237.0
242.7
250.5
221.9
239.2
238. 0
243. 8
251.9
222.6
239 0
237. 9
243.7
251 5
222.4
239
238
244
251
222
243.7
242.3
243.8
242.5
245.1
243.6
245 1
243.4
244 6
242.5
244 8
242.8
246 1
244.3
247 3
245 6
247 3
245 7
247 3
245 4
248 5
246. 5
248 3
246 2
248 5
246 2
398.8
538. 7
401.1
542.9
400.8
542.7
400.4
542.4
400.1
542.8
399.9
542.6
403 4
546.5
404 5
547 2
405 6
547.7
405 6
547 8
406.1
549.3
407 2
550 6
407 8
554 1
CONSTRUCTION COST INDEXES
Department of Commerce composite
1939=100..
Aberthaw (industrial building)
1914—100
American Appraisal Co.:
Average 30 cities
1913=100
Atlanta
do
New York
do
San Francisco
- do
St Louis
do
Associated General Contractors (all types), do
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete.. U. S. avg. 1926-29=100..
Brick and steel
do
Brick and wood
do__ .
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
. .do
Brick and wood
do
Frame
do
Steel
do ...
Residences:
Brick
do
Frame
._ _ _ do
Engineering News-Record:^
Building
- . 1913=100
Construction
.
do _ _
Bu. of Public Roads— Highway construction:
Composite standard mile
1925-29=100.
159.7
161.8
164.8
166 7
7
3
0
5
7
169 1
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939—100
Adjusted
do
168. 6
178.4
169.5
170.5
180.9
171.0
175 4
163.9
156 7
147.3
176 4
155 8
163 5
152 1
178 0
160 6
157 3
158 7
134 6
152 3
140 2
164 2
P J40 g
p
170 4
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: New premium paying
161, 584
164, 669
thous. of dol._ 180, 081
146, 237
145, 738
131, 485
153,744
144, 596
140, 528
159, 063
124,701
125, 363
123, 807
291, 906
293, 236
298, 950
275, 375
Vet. Adm.: Principal amount _. _
do
283, 195
324, 238
279, 167
296, 748
308, 639
301, 276
267 958
242 103
235 651
Federal Home Loan Banks, outstanding advances
752
to member institutions
mil. of dol__
762
774
816
770
752
747
760
781
665
806
612
589
New mortgage loans of all savings and loan associa440, 210
437, 967
475, 383
473, 885
439, 615
tions, estimated total
thous of dol
486, 435
439 398
486 999
430 482
400 443
404 033
427 835
514 098
By purpose of loan:
141, 496
140, 567
153, 678
149, 225
132, 330
Home construction
do
149 788
139 951
154 763
128 665
125 287
115 168
131 487
171 907
190, 539
193, 359
213, 666
219, 331
207, 123
224 819
Home purchase
- do
200, 025
202 159
220 506
182 710
183 733
185 Q20
213 723
40,
879
39,
685
37 906
38,
687
38,
289
Refinancing
_ . _ - _ _ _
do
37,613
42, 184
36, 551
42 794
37 920
37' 322
43 397
49 104
16, 285
16, 948
Repairs and reconditioning
do
18, 870
18, 107
17, 831
1 Q QP;Q
18 917
17 571
18 558
14 78^
12 895
15 033
15 567
50, 348
48, 071
All other purposes
^ do_
50, 482
48 933
45* 81Q
48 fifl^
44 718
50 727
45 300
46 953
50 378
New nonfarm mortgages recorded ($20.000 and
under), estimated total
thous. of dol.. 1, 369, 284 1, 370, 848 1, 443, 538 1, 422, 262 1, 370, 201 1, 448, 967 1,308,421 1, 483, 786 1, 366, 073 1, 308, 151 1, 298, 254 1, 270, 908 1,393,317
12.1
11.2
11.3
Nonfarm foreclosures, adjusted index J 935-39 =100. _
11.0
11.2
12.0
11.6
10.8
11.0
11.1
71, 507
Fire losses
__ _
_ . .thous. of dol.
62, 965
58, 744
52, 220
56, 403
55 416
53 398
54 660
60 064
74 155
69 925
68 206
72 254
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
Printers' Ink, combined index
1935-39=100.Magazines
._
do
Newspapers
.
do ..
Outdoor
do
Radio
do
Tide advertising index
do...
Radio advertising:
Cost of facilities, total
thous. of dol
Automotive, incl. accessories.
do
Drugs and toiletries _
do
Electric household equipment
do
Financial
_ _ _
_ . do
Foods, soft drinks, confectionery
do_
Gasoline and oil .
do
Soap, cleansers, etc
- do
Smoking materials
do
AH others
do
377
343
296
327
280
324.2
393
338
337
340
286
332.9
394
355
324
323
286
328.4
385
350
303
331
283
328.9
410
368
314
319
279
294.7
418
376
319
340
269
318.9
411
379
304
314
230
327.0
429
403
307
341
257
315.2
427
347
317
347
258
316 7
435
357
304
352
253
272 5
453
379
293
346
244
337 6
'447
369
304
438
071
onn
401
OKO
334 3
•10 Kf«l
16, 419
15, 906
16 577
14 853
14. fil Q
r 14 ^90
11 731
11 789
11 849
14 948
14 377
378
385
379
303
227
299
256
377
339
407
464
276
r
3
QQ3
4,452
4,535
4,829
4,375
3 124
3 060
3 085
3 991
3 699
3 751
3 691
144
139
147
129
147
994
9H4.
137
143
153
266
274
qoc
OfcO
303
276
288
294
269
298
278
307
315
359
r 3 Q17
4,669
4,428
4,592
3,940
3 263
3 310
3 240
4 170
4 127
3 792
4 090
ei 9
47K
549
465
479
454
447
432
440
402
459
445
i 409
r 1 CQ9
1 409
1,647
1,659
1,785
1 649
1 073
1 204
1 275
1 631
1 546
1
CQrv
r
J
779
1,958
1,901
1,914
1,831
1 375
1 331
1 269
1 855
1 841
1 794
2,308
2,130
rl 7S1
2.162
1.878
1. 832
1.747
1 848
1 8Q2
1 7Q3
9 109
1 79fi
O 1AK
' Revised.
* Preliminary.
* Data for April 1952, 108,000.
t Revised series. Indexes reflect use of newbase period; revisions prior to February 1951 will be published later.
cfData reported at the beginning of each month are shown here for the previous month.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 195:
1951
March
April
May
June
July
1952
August
September
October
November
December
January
February
March
DOMESTIC TRADE—Continued
A D VERTI SING— Continued
Magazine advertising^
Cost, total
thous. of dol_Apparel and accessories
do
Automotive, incl. accessories
do
Building materials
do
Dru^s and toiletries
do
Foods, soft drinks, confectionery
do
Beer wine liquors
do _
Linage, total
52, 458
5, 341
3,613
r
2, 445
' 6, 262
7, 767
2,464
55, 993
5,007
3, 956
3,063
6, 582
7, 391
2,752
52, 737
4,623
3,835
2,933
5,845
6,628
2, 695
47, 445
3,187
3,828
2 505
6, 217
6,378
2,541
34, 694
879
3,308
1 483
5 459
5, 838
2 354
35, 961
3 484
3 400
1 395
4 568
5,274
1 952
54, 268
6 681
4 154
3 136
6 024
6,617
2 451
61,987
5 635
4 587
2 962
6 963
8,929
3 118
55, 520
4 232
3 635
1 937
6 674
7,881
3 254
46, 113
3 333
2,985
865
5 698
6,247
4 443
31, 904
1 673
2 476
l' 908
4 543
4,692
1 590
44,
629
9
108
2 878
1 919
6 107
7,147
2 290
60, 247
5 420
(')
3 054
7 065
7, 854
2 851
' 3, 528
' 2, 695
' 2, 708
1,289
' 1, 272
r
13, 074
4,072
3,581
3, 150
1, 762
1.324
13,353
3,949
3,477
2,735
1, 525
1.381
13, 111
3,652
2,201
3. 320
1, 518
1,661
10, 436
1,654
840
2,234
942
1 478
8 236
1,668
1 007
2 310
956
1 138
8,808
3,952
3 368
3 240
1, 185
1 341
12, 119
4,713
4 302
3,704
1,612
1,235
14, 229
3,839
3 506
3,309
1, 361
1, 170
14, 722
3,136
2,099
2,891
854
1,532
12, 028
762
1 176
2 372
736
1 088
9 588
2,167
1 521
2 887
971
1 209
12, 424
3,970
2 709
3 769
1,356
1 357
1
20 843
_ _ thous. of lines. _
4,464
4,531
3,926
3,221
3 260
3,934
4,845
4,849
4,129
3,346
3 466
3 985
4 855
_._ do
do
do
do ..
do
do
-do
218, 341
49, 358
168, 984
8,710
2, 724
33, 886
123, 664
226, 647
52, 165
174,482
' 10, 158
2,627
38, 078
123, 619
226, 207
53, 766
172, 441
11, 509
2,455
36, 120
122, 357
202. 047
49,861
152, 186
10,814
2,214
30, 166
108,992
178, 389
48 762
129 627
9 807
2 846
23 690
93, 284
192, 528
50 887
141, 640
9,574
1 852
23, 364
106. 851
211, 499
51 465
160, 033
7,889
2 234
30, 318
119, 592
228, 673
51, 844
176, 829
9,811
2 732
37, 983
126, 303
230, 083
47, 780
182, 304
9,519
2,417
34, 510
135, 858
214,041
42, 998
171,043
6, 559
2, 526
25, 044
136, 915
178 077
46 345
131 731
8 208
3 663
21 020
98, 840
184 640
46 621
138' 019
7' 889
2 28?
25 749
102, 100
213 228
52 943
160 285
8 553
2 756
30 203
118, 773
7,183
128, 681
6,756
122, 605
7,731
121.273
6,238
116 606
6.485
118,392
6,333
114, 593
7,168
126, 545
6,878
121, 892
7,271
124,214
7,268
130, 038
6,948
124 086
8,025
147 902
Household equipment and supplies
Household furnishings
Industrial materials
Soans, cleansers, etc _
_ __ .
Smoking materials
All other _
_
Newspaper advertising:
Lin ace, total (52 cities)
Classified
Display, total
Automotive __
Financial
General
Retail
r
_
do
do
do __
do ._.
do
do
r
T
POSTAL BUSINESS
Money orders, issued (50 cities) :
Domestic:
Number
Value
5, 536
thousands. .
124, 277
thous. of doL
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services, total
bil. of dol
Durable goods, total
Automobiles and parts
Furniture and household equipment
Other durable goods
Nondurable goods, total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
.
.
Other nondurable goods
Services
Household operation
Housing
Personal services
Recreation
Transportation
Other services
208.8
202.4
204. 0
206 7
209 6
31.3
12.4
14.6
4.3
25.9
10.8
11.0
4.0
25 2
9.7
11.4
4 1
25 0
9 4
11.4
4 2
25
9
11
4
do
do
-do
do
do
do
do
112.1
20.4
67.4
5.5
2.4
4.6
11.8
110.1
19.5
67.1
5.5
2.0
4.6
11.3
111 5
19.7
67.9
5.5
2.1
4.7
11.6
113 6
20.2
69.1
56
2.0
4.8
11 9
115 6
20 3
70 8
57
2 0
4 9
12 0
do
do
do
do
do
do
do
65.4
10.1
20.9
3.9
3.9
5 5
21.0
66.5
10.2
21.3
4 0
3.9
5 7
21.3
67.3
10 1
21 7
4 0
4 1
5 7
21 6
68. 1
10 2
22.2
4 1
3 9
58
21 9
69
10
22
4
3
5
22
do
do .
do
do
o
5
2
3
0
4
5
2
9
9
2
RETAIL TRADE
All types of retail storesrf
Estimated sales (unadjusted), total _ _ mil. of dol_.
Durable-goods stores 9 do___
Automotive group,.
___do
Motor- vehicle dealers .
._ _ do __
Parts and accessories
do
Building materials and hardware group 9
mil. of dol._
Lumber and building materials
do
Hardware
do
Homefurmshings group
do
Furniture and housefurnishings
__do ._
Household appliances and radios
do
Jewelry stores. _.
_
do
Other durable-goods stores 9 _
do
12, 932
4,599
2,487
2,343
144
11, 898
4,316
2,227
2,092
134
12, 736
4,623
2,383
2,245
138
12, 660
4,520
2,343
2,202
140
11, 543
4,037
2,089
1,956
133
12, 508
4,409
2,287
2,144
143
12,410
4, 190
2,121
1,988
133
13, 190
4,451
2,142
2,000
142
12, 702
3,992
1,880
1,742
138
14, 632
4,106
1,765
1,611
154
11, 338
3,597
1 872
1 755
117
862
627
234
659
396
263
79
512
915
673
242
596
377
220
81
498
1,005
734
271
617
408
210
90
528
970
715
255
606
392
214
96
505
900
674
226
546
349
197
71
430
949
713
236
642
406
236
79
453
904
667
237
634
389
245
80
451
1,023
764
259
698
437
261
89
498
862
617
245
707
443
264
109
435
791
492
299
804
505
299
244
502
693
499
194
542
340
203
76
414
8,114
7,582
8,333
7,506
Nondurable-goods stores 9
do
8,140
8,099
8,220
8,739
8,709
10, 526
912
729
814
Apparel group
do
792
588
648
899
945
1 295
820
154
188
176
Men's clothing and furnishings
do
139
193
163
196
224
133
331
Women's apparel and accessories
do
358
303
322
290
212
370
262
336
379
479
152
172
200
Family and other apparel
do
125
163
138
176
199
312
216
165
120
144
Shoes..
_
do .147
111
145
127
114
135
174
349
365
Drugstores
..do
380
369
361
367
359
375
361
495
933
909
962
Eating and drinking places 9
.do
960
945
1,005
933
986
968
1,008
3,135
2,846
3.058
3,156
3,020
3,211
3,141
3,152
Food group 9 . . .
_
do ...
3,160
3, 461
2,549
2,290
2,458
Grocery and combination
do
2,561
2,584
2,410
2 546
2,516
2,550
2 831
585
556
Other food 9 . .
_ . _ _ d o
600
594
610
628
614
602
625
630
714
727
677
678
Gasoline service stations
do _
720
718
713
734
699
737
2 517
1,458
1.323
1,448
1,413
1, 181
General-merchandise group
do ___
1,762
1,388
1 465
1 620
881
807
Department, including mail-order 9 -do
872
840
680
825
889
1,123
1,001
1,494
Variety
do
236
190
211
216
197
216
216
236
246
478
341
326
Other general-merchandise stores
do
366
358
304
347
361
382
393
54fi
i Data for "automotive, incl. accessories" included with "all other".
'Revised.
^Unpublished revisions for January, February, March, and October 1950 and January and February 1951 are available upon request.
{Revised series. Estimates of sales and inventories for all types of retail stores and data on sales of chain stores and mail-order houses have been revised in
components were revised beginning 1935. For data for earlier periods (through 1947 for sales and 1950 for inventories) and appropriate explanations, see pp. 15-23
sales figures beginning 1948 have been further revised since the October SURVEY and are available upon request.
9 Revised beginning 1935.
7 741
728
184
279
158
108
360
939
3 058
2 467
591
659
1 168
713
172
282
»• r11, 181
3, 696
r
1 967
r 1 g50
117
••703
r 503
r }99
r 548
r 333
'210
r
r
r 71
408
7 485
r 639
143
258
137
101
r 366
r 903
r 2 986
r 2 422
564
635
1 151
690
r Jg7
97S
12, 133
3 975
2 107
1 981
126
742
523
218
569
367
202
72
484
8 158
796
164
328
17*)
129
376
949
3 201
2 601
600
677
1 308
790
205
312
general back to 1940; some
of the October 1951 SURVEY*
SURVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-9
1952
1951
March
April
May
June
July
August
September
October
November
December
January
958
347
611
843
226
618
1,062
372
691
829
206
624
551
189
144
014
130
863
624
239
631
3P9
232
92
459
12 492
4, 036
2 007
1 874
133
820
580
240
656
410
246
100
453
12 318
3 918
1 930
1 801
129
805
568
237
625
405
220
95
463
February
March
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All types of retail stores f— Continued
Estimated sales (unadjusted), total— Continued
Nondurable-goods stores 9— Continued
Other nondurable-goods stores 9 - - .mil. of dol.
LiQUor
do
Allother9
..
___
do._
Estimated sales (adjusted), total
_ do
Durable-goods stores 9
...do..
Automotive group
do
Motor-vehicle dealers
do
Parts and accessories
do_. .
Buildingmaterialsandhardwaregroup9do
Lumber and building materials
do
Hardware .
do__
Homef urnishings group
do
Furniture and housef urnishings
do
Household appliances and radios
do
Jewelry stores _ _
_ _ _
do
Other durable-goods stores 9 -do
Nondurable-goods stores 9
A pnarel group
Men's clothing and' furnishings
Women's apparel and accessories
Family and other apparel
Shoes
Drug stores
Eating and drinking places 9 __ _ _. _
do
do.
do
do
do_
do
do
do_.
Food group 9
do___
Grocery and combination
do
Other food 9
do
Gasoline service stations _
do
General-merchandise group 9
do
Department, including mail-order 9 --do
Variety
___
_
_•.__
do
Other general-merchandise stores
do
Other nondurable-goods stores 9
do
JAfiuoT
.
do
All other 9
- do_.
Estimated inventories:!
Unadjusted total
do
Durable-goods stores
do
Nondurable-goods stores _
do
Adjusted total
do
Durable-goods stores
do_
Automotive group
do
Building materials and hardware group
mil. of dol._
Homefurnishings group
do
Jewelry stores
do
Other durable-goods stores
do
Nondurable-goods stores .
Apparel group
Drug stores
Food group _
General-merchandise group
Other nondurable-goods stores
do..
do
do
do
do
do. .
Chain stores and mail-order housesrf d*
Sales, estimated, total
. .
do
Apparel group
do
Men's wear
_
do
Women's wear
do
Shoes
_ _
do
Automotive parts and accessories
do
Building materials
do
Drug stores
_
do
Eating and drinking places
do
Furniture and housef urnishings
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 c?1
Unadjusted, combined index
1935-39=100__
Adjusted, combined index. . . .
_ _do
Apparel group
do
Men's wear
do _
Women's wear
_
_ do
Shoes
_ _
...do _
Automotive parts and accessories
do
Building materials
_ _ . _ do
Drug stores
do
Eating and drinking places
do
Furniture and housefurnishings
_
do
General-merchandise group.
do__
Department, dry goods, and general merchandise
__.
.
. 1935-39=100
Mail-order
do
Variety
do
Grocery and combination.
do
f
Revised.
t Revised series; see note marked "t" on p. S-8.
838
220
618
749
195
554
752
204
548
732
210
522
692
186
506
746
200
547
731
211
520
12, 633
4,590
2, 353
2.197
156
958
702
256
690
415
275
103
486
12, 285
4, 276
2, 136
1,998
138
929
691
238
635
395
240
103
473
12, 411
4,272
2,213
2,085
128
897
658
239
582
369
213
96
484
12, 240
4,186
2 170
2,048
122
874
641
233
586
370
216
94
462
12, 058
3,967
1 983
1,863
120
872
647
225
586
381
205
94
432
12, 429
4,133
2, 125
2,000
125
852
621
231
624
396
228
91
441
12 258
4, 138
2 HI
1 975
136
832
593
239
630
388
242
93
472
8,043
775
170
298
177
130
382
958
8,009
788
178
311
175
124
365
925
8,139
826
185
321
182
138
368
958
8 054
785
174
311
170
130
371
950
8 091
818
199
308
176
135
369
929
8,296
819
196
314
175
134
373
944
8 120
776
168
314
166
128
369
944
8 362
819
184
326
177
132
374
947
8,456
844
191
335
186
132
372
955
8 400
822
178
332
184
128
386
933
3,014
2,436
578
714
1,421
850
223
348
779
219
560
3,000
2,419
581
694
1,448
878
224
346
789
219
570
3,059
2 458
601
680
1 476
879
234
363
772
221
551
3,0*5
2 464
581
690
1 452
880
227
345
761
220
541
3,067
2 456
611
663
1 470
903
238
329
775
554
3,164
2 555
609
682
1, 533
922
246
365
781
227
554
3 087
2 493
594
684
1 485
901
232
352
775
221
554
3,078
2 471
607
705
1 486
885
237
364
953
347
606
3.183
2,586
597
714
1,545
941
232
372
843
208
635
3 187
2 595
592
719
1 531
917
233
384
819
212
607
20, 757
9,760
10, 997
19, 743
9,197
2,849
20, 837
9,990
10, 847
20, 346
9,598
3,151
20 570
9 870
10, 700
20 643
9,684
3 239
19 718
9 583
10, 135
20 282
9 562
3 141
18 777
9 072
9' 705
20 045
9 494
3 058
18 715
8,638
10,077
19 429
9,154
2 921
882
465
417
761
693
717
19 383
8 637
10 746
18 545
8 679
2 744
19, 657
8, 578
11,079
18, 280
8, 385
2 700
2,364
1,950
651
1,383
2,347
1,989
668
1,443
2,367
1 977
639
1,438
2,436
1 940
632
1,428
2,393
1,828
635
1,377
2,303
1 770
' 596
1 307
2,399
1 664
567
1 305
2, 236
1 618
570
1,261
2,172
1 588
609
1 236
2,284
1 554
594
1 233
10, 546
2,239
711
2,156
3,484
1,956
10, 748
2,356
719
2,080
3,613
1,980
10, 959
2 498
723
2,072
3 625
2,041
10, 720
2 586
704
1,994
3 446
1,990
10, 551
2 588
710
1,909
3 423
1 921
10, 275
2 475
702
1,873
3 327
1,898
10 068
2 386
699
1 941
3 193
1*849
9 866
2 209
712
1 929
3 056
1 870
9,895
2 282
684
2 002
2 977
1 950
9 875
2 244
670
2 096
2 950
1 915
9 864
2 206
680
1 953
3 114
1 911
2,863
276
32
113
78
43
82
76
63
44
785
2, 564
201
24
84
54
40
94
69
62
40
718
2 797
240
27
100
68
44
103
71
65
45
798
2 840
237
28
94
70
51
102
73
63
45
803
2 526
175
19
72
51
49
98
73
65
39
692
2 754
186
18
80
53
55
103
74
67
47
812
2 810
237
25
99
68
47
105
72
64
47
831
3 008
246
31
104
62
49
120
3 819
366
51
150
90
69
72
66
55
905
3 007
251
35
105
60
47
95
73
63
56
957
473
102
195
1,023
452
93
158
903
511
96
175
973
438
76
163
906
516
101
179
954
536
100
179
956
567
125
196
970
359.3
368.3
290.5
179.2
321. 1
232.5
270.1
369.6
251 8
266 7
431.9
393.9
355.9
362. 2
274 5
193.8
307 5
195.4
242.7
369.6
241 2
264 9
409 5
383.4
372.1
370 7
304 6
200 1
331 3
239 6
231.4
351 3
239 2
276 8
399 9
399 7
367.4
368 3
292 8
194 3
323 8
223 5
253.3
335 6
247 6
271 6
417 5
388 4
345.2
372 3
301 5
228 2
324 4
226 3
235.8
343 7
247 3
278 8
397 3
402 8
358.5
381 5
303 5
215 3
328 3
234 9
265.1
331 5
249 7
277 8
404 8
417 4
382.7
373 3
293 4
183 0
331 9
226 8
272.4
321 2
251 4
273 7
423 6
392 2
393.5
382 3
302 1
201 6
341 2
228 0
265.5
334 9
276 2
456 2
399 0
559.5
281 7
247.2
423.8
535.8
280 9
248.1
427.5
558 1
292 3
260 0
434.5
540 7
286 6
252 3
440.8
560 9
295 6
264 2
439. 1
590 6
283 7
272 4
551 0
273 2
257 2
556 6
283 8
263 5
2,349
1 985
655
1,456
9 Revised beginning 1935.
517
90
179
1 017
991
455 ft
18
8
10
18
8
2
447 8
12
4
2
2
9 cq I
44S Q
17
7
9
18
8
2
300
939
361
093
218
613
r
805
851
213
638
r 205
600
r
12 862
4 390
2 058
156
'930
••671
259
r
648
'408
r
240
'97
r
501
12 398
4 080
2 011
1 86G
145
866
615
251
624
403
222
98
481
8 500
863
197
339
194
134
378
980
'8r 472
831
192
327
r
178
134
390
1,014
8 317
806
180
308
185
133
382
977
3 235
2 619
616
721
1 490
910
235
345
833
226
fififi
T
12
4
2
1
17
8
9
18
8
2
650
150
023
878
146
880
631
249
649
417
233
103
494
414
007
407
061
197
532
r
r 2 214
r
3, 191
r 2 578
613
729
r 1 486
'896
r
237
354
r 83Q
r
232
598
r 17 884
r
8 127
T
9, 757
r 17 975
r
8 160
r 2 483
r
2, 372
r 1 498
r 580
r
1, 227
r
9, 815
r 2 232
r 697
T 2 006
r 2 988
3 171
2 563
608
717
1 442
878
225
338
822
219
f>AO
18
8
10
17
8
669
490
179
833
108
o rnt
2, 263
1 453
582
1 219
9 725
2 IRQ
694
2 041
r 1 892
9 Q7ft
1 89°.
2 458
173
24
70
44
r 2 441
r 168
2 71ft
70
70
64
39
594
r 72
r 75
68
71
1 386
r 3g
r 605
585
152
203
992
820
152
393
1 111
348
90
143
972
r 155
r 963
410.1
384 2
312 8
215 5
351 1
228 8
273.1
332 5
247 3
280 0
460 0
404 1
498.5
387 0
313 6
218 3
354 3
223 3
280.2
324 2
330.1
381 6
564
302
258
4SQ
8
0
1
n
cfRevisions prior to August 1950 are available upon request.
1AK
94fi fi
20
71
44
38
OK
'61
64
346
90
424
Ql
' 339. 8
r 383 5
352.6
ono 9
r 3Q2 1
207 1
r 204 5
r 335 8
r 228 3
r
299. 2
r 370 7
°,49 4
220 7
276.6
322 5
9 CO A
97 K -I
981 7
T 9oa '1
478 4
405 7
r 432 3
r 407 8
564 1
296 1
256 8
569 7
r
9Q4 fi
4fifi 9
4« 4
268.2
r 9AA Q
466 3
402 3
261 1
9A
QO
572 7
KX.I q
9QO 0
r 9fiQ A
r A.AQ 9
AX.f\ *r
s-io
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1952
1951
March
April
May
July
June
August
September
October
November
December
January
February
March
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month: f
Charge accounts
1947-49 = 100. _
Instalment accounts
_ do_
Ratio of collections to accounts receivable:
Charcre accounts
percent
Instalment accounts
do
Sales by type of payment:
Cash sales
percent of total sales. _
Charsre account sales
do
Instalment sales
_ do_
Sales, unadjusted, total U. S.f
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
_
120
194
116
186
118
178
115
171
103
163
103
162
113
166
122
172
136
182
177
197
142
190
124
' 182
118
178
50
19
47
18
49
18
49
19
46
18
48
19
47
19
50
21
50
21
45
19
47
19
45
18
48
20
48
43
9
48
43
9
48
44
8
50
42
8
50
41
9
48
41
11
47
43
10
46
43
11
47
43
10
49
42
9
48
42
10
48
42
10
48
42
10
1047-49^=100..
_. do. __
do
do
___do
do
do
do
do
do
do
do
do
98
115
93
'97
99
108
101
84
95
105
100
94
94
99
101
95
99
103
106
100
100
96
99
100
96
95
103
103
101
105
106
109
104
101
98
105
109
102
98
99
97
98
99
100
100
97
94
105
99
103
90
97
84
89
73
86
84
96
85
81
74
76
86
85
93
93
99
82
94
94
104
102
97
80
83
95
95
101
112
116
110
114
114
124
119
112
106
112
118
111
108
112
116
105
111
115
119
117
118
108
114
121
111
107
134
138
129
132
140
144
131
120
131
144
145
130
125
183
203
188
175
181
203
185
166
179
185
192
168
189
83
90
81
81
87
95
86
72
80
81
80
81
83
83
93
75
81
83
93
r
85
83
82
82
83
80
r
S6
p92
p 108
p87
p89
p 95
105
p 93
80
86
97
p 96
90
p90
_ _ _ d o ...
...do
do
. do _ .
do
do
__ - d o _ _ _
do
- do _ _
do
do
.- do
do
105
113
102
107
104
112
110
r
94
103
109
105
99
102
104
105
98
104
108
112
103
101
102
105
111
98
102
104
107
100
105
104
111
104
100
100
104
110
98
104
105
114
98
101
106
113
104
98
108
103
110
98
103
105
111
106
101
107
114
104
101
103
105
105
104
108
109
110
108
107
108
115
111
109
106
111
121
106
106
107
lit
100
106
108
115
112
101
101
107
109
105
108
108
111
103
109
112
114
110
104
103
108
114
105
106
112
121
106
110
114
129
116
107
104
109
118
109
114
109
121
106
109
109
122
113
104
103
105
109
107
110
108
118
102
106
115
122
115
96
100
110
114
111
105
!06
111
100
105
10R
115
r
106
113
100
110
109
100
r
103
do
.do__ _
139
133
145
138
139
136
129
136
127
138
129
134
132
128
135
121
133
117
107
119
106
118
113
116
p 120
P 114
thous. of dol.._
do
do
310, 175
95, 107
215, 068
311,771
95, 175
216, 596
328, 424
100, 408
228, 017
322, 649
92,911
229, 738
273, 067
79, 657
193, 410
328, 568
98, 508
230, 060
338, 278
100, 873
237, 405
374, 319
117,371
256, 949
398, 865
121,494
277, 371
477, 842
146, 189
331,653
248, 926
63,912
185, 014
246, 182
67 879
178, 303
279, 095
79, 273
199, 822
1935-39=100..
-do
...do ...
do
do
-do
do
- _ ..-do
do
_.do
291. 5
279.4
323.5
275.8
312.0
307.8
279.4
340.5
290. 3
346.7
287.6
269. 5
304.0
270.9
325.5
300.5
271.1
331.2
277.6
348.1
285.3
261.3
293.3
276. 6
317.8
318.1
291.0
353. 8
312.2
354.7
287.0
265. 9
304.2
271.1
349.2
323. 6
306. 3
371. 4
296.0
385.9
242. 6
216. 1
263. 3
228.5
307.1
329.2
323.5
376.7
305.9
376.3
294.9
261. 8
301.7
281.3
366. 1
321.6
298.5
336.0
303.8
375.5
334. 1
285. 1
369. 0
316. 1
394.4
302.1
274.9
324.3
293.8
344.8
362.0
325.6
418.0
340.7
403. 8
302.7
271.3
327. 1
290.0
359.3
439.3
445.9
500. 6
411.6
456. 1
339. 0
319.2
365.9
313.2
363.7
499. 6
453. 7
534. 4
468.5
606.5
340.8
314.0
386.4
315.7
386.8
248.5
228.4
273.8
236. 3
276.8
328. 3
301.3
342.2
315.1
376.1
263. 3
242.7
296.1
240.0
284.7
314.6
292.4
340. 3
300.0
381.1
276.3
271.1
306. 1
257 9
301.4
304. 6
273.3
324.9
276.7
337.1
8,820
3, 087
5, 733
10, 122
4, 601
5,461
8,078
2,888
5, 190
10, 187
4, 875
5, 312
8,483
2, 858
5,625
10, 235
5, 032
5,203
8,265
2,736
5, 529
10, 005
5,034
4,971
7,980
2, 508
5,472
10, 097
5,019
5,078
9,124
2,889
6,235
9,987
4,867
5,120
8,925
2,836
6,089
10, 059
4,792
5,267
10, 129
3,103
7,026
10,116
4,723
5,393
9,795
2,812
6,983
10, 077
4, 650
5,427
9,237
2,516
6,721
9,861
4,606
5,255
8,681
2,375
6, 306
r
10, Oil
4,
823
r
5, 188
8,209
2, 465
5,744
9,861
4,800
5,061
8 049
2, 536
5, 513
9,942
4,918
5 024
Sales adjusted, total U. S.f
Atlanta .
"Poston
Chicago
Cleveland
Dallas
Kansas City
_ .
Minneapolis
New York
Philadelphia
_.
Richmond
St Louis
San Francisco
Stocks, total TJ. S., end of month:f
Unadjusted
Adjusted
Mail-order and store sales:
Total sales, 2 companies
Montgomery Ward & Co
Sears Roebuck & Co
Rural sales of general merchandise:
Total U. S., unadjusted
East
South
Middle West
Far West
Total IT. S., adjusted
East
South
_
Middle West
Far West
T
r
r
r
p
p
p
p
P
105
113
104
104
106
115
P 105
94
98
109
P 114
100
p 10?
WHOLESALE TRADE*
Sales estimated (unadj ) total
mil.
Durable-goods establishments
Nondurable-goods establishments
Inventories estimated (unadj. ), total. _
Durable-goods establishments
Nondurable-goods establishments
of dol
do
do
do
do
do
f
r
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands__
153, 490
153, 699
153, 900
154, 122
154, 353
154, 595
154, 853
155, 107
155, 356
155, 575
155, 783
155, 997
156, 197
108, 964
52, 108
56, 856
108, 879
51, 980
56, 899
108, 832
51, 883
56, 949
108, 836
51,834
57, 002
108, 856
51, 798
57, 058
108, 896
51, 778
57, 118
108, 956
51,780
57, 176
109, 064
51, 826
57, 238
109, 122
51,824
57, 298
109, 200
51,844
57, 356
109, 260
51, 852
57, 408
109, 274
51, 810
57, 464
109, 274
51 758
57, 516
do
do
do
62. 325
43, 379
18, 946
61, 789
43, 182
18, 607
62, 803
43, 508
19, 294
63, 783
44, 316
19, 487
64, 382
44, 602
19, 780
64, 208
44, 720
19, 488
63, 186
43, 672
19,514
63, 452
43, 522
19, 930
63, 164
43, 346
19, 818
62, 688
43,114
19, 574
61, 780
42, 864
18, 916
61 838
42, 858
18, 980
61 518
42' 810
18 708
do. _
do
._ do .
60, 179
42. 102
18, 077
60, 044
42, 154
17, 890
61, 193
42, 558
18, 635
61,803
43, 149
18, 654
62, 526
43, 504
19, 022
62, 630
43, 764
18, 866
61,580
42, 830
18, 750
61, 836
42, 632
19, 204
61, 336
42, 344
18, 992
61, 014
42, 106
18, 908
59, 726
41 480
18, 246
59. 752
41 482
18, 270
59, 714
41 586
18 128
6,393
53, 785
2,147
6,645
53, 400
1,744
7,440
53, 753
1,609
8.035
53, 768
1,980
7,908
54, 618
1,856
7,688
54, 942
1,578
7,526
54, 054
1.606
7,668
54, 168
1,616
7,022
54, 314
1,828
6,378
54, 636
1 674
6,186
53, 540
2 054
6 064
53, 688
2 086
6 012
53, 702
1 804
EMPLOYMENT
Employment status of civilian noninstitutional
population:
Estimated number 14 years of age and over,
total
_
thousands..
Male
do
Female
_ _
.
do
Civilian labor force, total
Male
Female
Employed
Male
Female
A gri cultural employment
Nonagricultural employment
Unemployed
do __
do
. do
Not in labor force.
_do
46. 638
47. 092
46. 029
44, 474
45. 053
44. 688
45. 770
45. 612
45. 958
46.512
47. 480
47. 436
47 756
Revised.
» Preliminary.
fReyised series. Data have been revised to reflect use of new base period and to incorporate other major changes. Revisions back to 1941 for accounts receivable and back to 1919 for sales
by districts and for stocks will be shown later; revisions (1919-50) for total U. S. sales are shown on p. 32 of the February 1952 SURVEY.
*Data on total wholesale trade have been substituted for the series on service and limited-function wholesalers. Figures through 1950 appear on pp. 23 and 24 of the October 1951 SURVEY.
r
SURVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-ll
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
March
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees in nonagricultural establishments:
Total, unadjusted (U. S. Dept. of Labor)
thousandsManufacturing
do
Durable-poods industries
do
Nondurable-goods industries
do_ _
Mining, total
_
do _
Metal
do
Anthracite
do
Bituminous coal
_
_
__ _
do
Crude-petroleum and natural-gas production
thousand s__
Nonmetallic mining and quarrying
do_ __
Contract construction
do
Transportation and public utilities
do
Interstate railroads
_ _
do __
Local railways and bus lines
do _
Telephone
do
Telegraph
_ _
do
Gas and electric utilities
do
45, 850
16, 022
8, 969
7, 053
924
105
72
396
45. 998
15, 955
9, 003
6, 952
911
104
68
382
46, 226
15, 853
8,975
6, 878
915
103
70
377
46, 567
15, 956
8,998
6. 958
927
105
70
378
46, 432
15,813
8, 839
6,974
906
105
66
359
46, 724
16 008
8,878
7,130
250
100
2,326
4,112
1, 451
144
626
48
519
255
103
2,471
4,132
1,463
144
629
48
520
258
106
2,598
4,137
1,463
144
630
49
521
265
108
2,686
4,161
1,468
143
637
48
527
268
108
2,754
4, 176
1,468
141
648
49
534
270
110
2,809
Trade
do
Wholesale trade
do
Retail trade
- do
General -merchandise stores
do
Food and liquor stores
__ _
do
Automotive and accessories dealcrs—do
Finance
- - - do
Service
_
- - do_
Hotels and lodging places
do
Laundries
-- do
Cleaning and dveing plants
do
Government
do
9,713
2,590
7, 123
1,512
1, 264
736
1,854
4, 682
435
351
150
6,217
9,627
2,579
7,048
1,453
1, 264
739
1, 865
4, 745
445
354
153
6,292
9,683
2,568
7, 115
1, 475
1,271
742
1,874
4,789
452
360
159
6,377
9,732
2, 581
7,151
1,458
1, 270
750
1,893
4, 835
478
365
161
6,377
Total, adjusted (Federal Reserve)
do
ATanufacturing
_
do
Mining
_ _ _ __ ,
do
Contract construction
_
_ do __
Transportation and public utilities
do
Trade
do
Finance
do
Service,
_
do
Government
__ _ _
do
46, 266
16, 058
930
2, 556
4,147
9, 762
1,854
4,729
6,230
46, 411
16, 102
914
2,574
4,153
9, 773
1, 856
4,745
6,294
46, 507
16, 081
916
2, 572
4,140
9,821
1,865
4,765
6,347
13, 189
7,428
29
13, 108
7,445
30
722
426
326
479
130
1,159
Production workers in manufacturing industries:
Total (U. S. Dept. of Labor)
thousands..
Durable-goods industries
do
Ordnance and accessories
_ _
do
Lumber and wood products (except furniture)
thousands
Sawmills and planing mills
do
Furniture and
fixtures
_
do
Stone, clay and glass products do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling
millst
-- -thousands
Primary smelting and refining of nonferrous metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousandsHeating apparatus (except electrical) and
plumbers' supplies
thousands
Machinery (except electrical)
_
do
Klectrical 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
Meat products
do
Dairy products
_ _
do
Canning and preserving
__. do_
Bakery products __
_
- do
Beverages
_
do
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
_ __
do
Apparel and other finished textile products
thousands
Men's and bovs' suits and coats
do
Men's and boys' furnishings and work
clothing
thousands
Women's outerwear
do
Paper and allied products
__do
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
thousands. _
Newspapers
do
Commercial printing
do
f
922
105
68
370
46, 956
16 039
8,913
7,126
46, 902
15 965
8,942
7,023
46, 852
15, 890
8,976
6,914
' 47, 663 '45,911 ' 45, 877 v 45, 873
' 15 913 ' 15 777 ' 15, 836 p 15 784
' 9, 000 ' 8, 950 ' 8, 990 p 8 958
' 6, 827
' 6, 846
v 6 826
6,913
909
'908
'916
»907
107
107
106
p 106
917
104
67
367
917
105
67
368
269
110
269
109
269
107
4,190
1,468
2 768
4,178
1,457
2,761
4, 166
1,440
2, 633
4, 165
1,428
141
649
48
529
141
653
47
528
9,667
2,594
7,073
1,407
1,268
756
1,908
4, 852
510
369
158
6,356
9,641
2,596
7, 045
1.399
1,260
757
1,914
4, 839
9,781
2,594
7,187
1, 487
1,274
754
1,898
4,831
10, 109
2, 657
7,452
1,701
1,295
759
1,907
4,734
6,401
473
362
157
6,544
9,893
2, 622
7,271
1,550
1,281
748
1,898
4,770
437
360
159
6,532
46, 626
16. 097
923
2, 558
4, 132
9,857
1,874
4,787
6,398
46, 602
16, 026
899
2,574
4, 134
9, 837
1,880
4, 780
6,472
' 46, 555
15, 891
46, 465
15. 801
46, 415
15, 748
2,601
4,143
9,822
1,895
4,791
6,496
2, 587
4, 157
9,791
1,908
4,783
6,526
914
2,630
4, 173
9,770
1,917
4,746
6,517
46, 482
15, 701
12, 993
7,406
32
13, 064
7,409
34
12, 885
7,226
38
13, 069
7,261
13,087
7,279
44
12, 997
7,296
12, 904
7,314
41
47
50
12,911
r 7, 322
752
443
317
483
132
1,161
764
449
301
484
131
1,162
773
456
286
485
130
1,172
748
443
284
478
124
1,155
754
449
285
484
130
745
443
285
482
130
740
439
289
479
128
719
428
294
472
125
'696
'412
'296
'658
'390
'296
'669
P661
' 296
' 447
p 297
P 448
1,165
1,162
1,160
1,149
1,164
1,163
' 1, 160
561
562
565
572
572
575
573
570
558
* 573
571
571
47
47
46
48
47
48
47
47
47
47
47
48
858
859
850
843
813
817
810
809
805
'806
'804
'805
134
1,231
724
1,253
793
299
96
54
218
429
133
1,239
718
1, 243
774
309
94
56
221
422
130
1,242
707
1, 233
752
318
95
58
222
409
128
1,252
704
1,237
738
333
98
59
223
400
123
1,235
684
1,187
684
347
101
122
1,209
121
1,219
120
1,242
120
1,255
1,205
1,234
' 119
' 1, 269
'726
' 1, 235
'645
'407
'111
'115
' 1, 275
'724
' 1, 237
'635
114
' 1, 280
'726
'1,243
47
221
383
57
224
388
60
226
388
5,761
1,096
233
99
125
190
147
78
1, 223
564
236
5,663
1,085
229
103
128
190
143
76
1,214
567
230
5,587
1,099
229
110
137
190
145
74
1,206
574
222
5,655
1,146
233
116
154
192
155
76
1,205
588
216
5,659
1,225
236
116
226
192
161
75
1,167
574
210
5,808
1,307
233
114
305
192
161
84
1,152
561
212
1,106
141
1,047
138
998
135
1,000
135
990
129
263
305
424
209
261
267
427
212
253
249
424
213
245
255
426
215
512
150
170
510
151
168
510
152
168
512
152
169
142
652
48
535
507
365
153
914
696
1,198
675
357
99
917
104
68
367
141
648
47
532
912
707
1,211
679
360
102
707
667
362
104
62
430
357
157
6,497
916
2,581
4, 169
9,827
1,926
4,758
6,544
718
655
395
111
63
67
369
67
368
'366
269
105
268
100
268
100
' 2, 304
'4,110
1,390
•p 2 289
p 4, 108
' r10, 660
2, 657
' 8, 003
' 2, 092
'1,316
768
'1,912
4,702
' 9, 719
2,627
' 7, 092
' 1, 475
' 1, 270
751
' 1, 908
' 4, 673
' 9, 643
' 2, 631
'7,012
'1,417
' 1, 274
'745
1,919
4, 667
p 9, 647
•p 2 618
p 7,029
p 1 , 427
p 1 , 273
P740
p 1. 930
p 4, 680
141
654
47
527
426
356
' 154
' 6, 881
52
465
123
63
232
381
5,701
1,254
236
' 5, 589
1,122
'252
546
209
5,590
1, 160
246
99
145
192
147
85
1,132
544
209
1,047
1,037
1,019
233
271
418
214
238
295
419
215
239
284
416
214
507
151
509
151
515
153
167
166
138
167
424
96
141
660
47
525
428
355
153
6,490
'357
' 154
6,509
' 12, 771 ' 12, 807 p 12, 754
' 7, 267 ' 7, 292 p 7, 259
54
55
p 57
395
451
120
r
120
626
424
124
60
415
116
61
' 5, 515
'1,060
244
p 5, 495
p 1,060
80
1,122
?79
p 1 109
' 1, 050
f 1,041
93
P231
P382
94
106
187
134
211
1,008
117
' 1, 035
'123
' 1, 027
' 126
238
270
413
212
233
279
411
212
'235
'296
'410
'229
'300
212
404
211
'404
517
153
519
154
'520
155
'171
514
151
'171
511
152
170
p 1 , 268
P719
P 1, 239
' 5, 504
' 1, 067
246
82
' 1,132
r
541
' 208
169
^803
'231
'380
'85
' 1,141
' 548
131
v 1,154
'232
'373
' 106
146
p 6, 528
46, 572 p 46, 422
' 15,854 p 1 5 809
'918
pQ14
' 2, 589 p 2, 51 5
'r 4, 146
p 4, 144
9, 860
p 9, 840
1,929
p 1 930
4,738
p 4, 727
6,538
P 6, 543
'120
' 190
Revised.
v Preliminary.
J Figures for 1939-46 on the revised basis for the indicated series, available since publication of the 1951 STATISTICAL SUPPLEMENT, will be shown later.
141
653
47
525
' 46, 608 ' 46, 468
15,811 '15,831
916
'916
' 2, 569
2, 537
'4,161
4,143
9,851
' 9, 893
' 1, 931
1,918
4,749
4,744
' 6, 578
6,528
5,808
1,330
235
108
330
193
156
89
1, 136
551
205
139
•p 101
' 2, 309
' 4, 107
'1,394
230
388
89
1,133
^363
' 2, 518
' 4, 161
' 1,426
228
390
103
238
195
150
68
187
136
r
526
209
127
233
308
210
168
P403
"512
SURVEY OF CUEEENT BUSINESS
S-12
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 195
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
March
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfg. industries— Continued
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Chemicals and allied products
thousands. _
Industrial organic chemicals
do_ __
Products of petroleum and coal
do
Petroleum refining
do
Kubber products
__do
Tires and inner tubes
do
Leather and leather products
_do
Footwear (except rubber)
do
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) f
1947-49=100..
Manufacturing production-worker employment
index, adjusted (Federal Reserve) f- 194 7-49= 100. _
Miscellaneous employment data:
Federal and State highways, total§
number..
Construction (Federal and State)
do
Maintenance (State)
_ _ do
Federal civilian employees:
United States
thousands
Washington, D. C., metropolitan area.. do
Railway employees (class I steam railways):
Total
thousands__
Indexes:
Unadjusted
1935-39= 100_
Adjusted ...
do
539
167
192
149
220
88
371
237
538
168
194
150
219
87
353
225
531
170
194
151
220
88
331
210
528
172
198
154
220
90
344
222
526
172
198
154
217
90
336
215
531
174
198
154
218
92
343
221
543
175
197
154
218
92
327
208
544
172
197
154
215
90
320
201
542
173
197
154
219
95
317
198
538
171
196
155
219
'Q5
323
r
205
536
170
193
153
219
T
95
r
330
r
213
'537
168
193
153
216
95
342
221
106,6
106.0
105. 0
105.6
104.2
105.7
105. 8
105.1
104. 3
104.4
103.3
103. 5
* 103. 1
106.9
107.1
106.8
106.8
106.0
104.8
IGd. 9
103.4
103.3
103. 5
103. 7
103.7
p 103. 3
233, 036
67, 538
114,118
258, 291
92, 164
114,672
286, 236
115, 462
118, 484
315, 230
130,395
128, 859
323, 393
138, 673
128, 024
326, 930
140 248
129, 429
314, 679
135, 562
124, 067
303, 304
128 757
121, 524
273, 542
99 528
120 521
246, 185
75 055
118 551
2,196
244
2,240
247
2,273
248
2,313
256
2,334
258
2,341
254
2,330
250
2,335
249
2 342
249
2 344
248
r
*539
P194
J>213
^345
230, 985 v 223, 657
'59 281 » 55, 660
118 621 * 115, 126
2 359
249
2,370
248
2 381
249
1 257
1,252
'
P 119 4
f 122 4
v 1 255
1,309
1,321
1,324
1,330
1,330
1,332
1,321
1,305
1 293
1 285
r
124.9
128.0
126.1
123.1
126.4
126.9
127.0
125. 2
127.0
124. 3
127 1
124. 5
126 1
123.1
124 6
120 5
123 3
122 2
122 2
124 2
P 119 7
* 124 5
130.0
129.5
128.1
129.8
126.4
128.4
130.9
129.8
129.8
132. 9
r
41.1
41.9
43.1
41.0
42.0
42.7
40.7
41.8
43.2
40.7
41.8
42.4
40.2
40 9
43.1
40 3
41 3
43.9
40.6
41 6
44.2
40 5
41 7
44.0
40.5
41 5
43.9
41.2
42 2
45.1
40.6
40.1
42.3
41.9
41.0
41.8
41.4
41.1
41.1
42.1
41.3
42.1
41.5
41.3
40.4
41.9
40.4
41.7
41.9
41.5
40.4
41.8
40.4
41.8
39.8
39.6
39 7
41.4
40.4
41 1
40 9
40.6
40 8
41 5
39.2
40 9
40 6
40.2
41 1
41.5
39.3
41 3
41 3
40 8
41 4
41 7
39.8
41 2
40.6
40.4
41 1
40.9
39.2
41 2
MO. 8
MO. 4
42.0
41.2
MO. 0
42 2
41.3
41.6
41.1
41.4
40.8
40.2
41.0
40.4
41.0
41.9
41.3
41.9
41.8
41.9
40.9
41.4
40.4
41.6
41.1
' 41.4
Ml 4
41 4
42.1
42.0
41.8
41.8
41.0
41.3
41.7
41. 7
41.4
'42.3
Ml. 9
Ml. 9
41.9
43.8
41. 3
41.2
40.3
43.9
40.2
41.1
42.3
41.5
41.5
43.9
41. 3
40.9
39.7
44.0
39.9
41.5
42.5
41.3
41.2
43.6
41. 5
40.9
39.8
43.9
39.8
41.2
42.3
40.7
41.2
43.5
41. 5
40.4
38.9
43.8
40. 1
40.3
42.6
40.8
39.6
43.0
40.4
39.9
37.9
43 7
40.4
40.7
41.8
39.9
39.9
43.0
40. 8
40.9
39.5
43 6
40.2
40.7
41.9
40.1
40.8
43.2
41. 5
41.1
39.8
43.9
40.0
40.7
42.2
40.4
41.1
43.4
41. 5
40.9
39.7
43 3
40 2
40.9
42.3
40.6
40.4
43.2
41. 8
40.7
39.1
43 9
39 1
40.6
42.5
40.6
41.3
M4. 1
Ml. 7
MOM
M4 1
40.7
43.9
M2
0
r
41.7
T
40 8
T 43 2
r
40 9
r
41.7
' 42 3
MO 9
40.5
M3. 5
Ml 7
Ml. 2
40 2
42 8
40 3
42. 1
T
42. 1
40 9
40.0
41.0
40.6
44.4
37.5
41.5
40.9
36.8
40.5
41.2
38.1
39.7
41.2
41.2
44.3
38.7
41.6
40.5
36.8
39.9
40.9
36.7
39.3
41.6
41.6
45.1
38.1
41.9
41.2
36.6
38.8
39.9
35.3
39.4
41.9
41.8
45.4
38.6
42.1
41.9
37.9
38.6
39.5
35.6
39.3
42.2
41.8
45.4
40.8
42.2
42.0
37.6
37.7
38.3
35.4
39.1
42.0
41 3
44.9
41.7
41.9
41.9
38.5
36.7
37.1
35.3
39.4
42.8
41 9
45.0
43.5
42.1
41.8
39.5
36.9
37.1
35.5
38.9
42.0
41 5
44.3
42.5
41.7
40.8
39.7
37.2
37.0
36.3
39.2
42.0
44 1
43.8
37.0
41.5
40 6
39.3
37 8
37.6
37 3
39.9
42.3
M4 2
44. 1
r
38. 3
Ml.
5
r
40. 8
'39.5
39.3
39.3
r
37. 8
r
39 6
Ml. 7
42 3
44 2
r
38 1
Ml 4
40 3
'38
5
r
38 9
39 0
37 2
39 5
'41.4
41 5
43 7
38.5
41 5
40 7
'36.8
'38 9
38 4
37 9
35.6
35.1
34.6
32.5
35.5
32.2
r
36.2
33. 7
36.1
'33.1
36.7
34.3
"36.7
35.5
34. 4
42.8
44.2
35.0
32.8
42.5
44.0
35 6
34.6
42.4
43.8
r
35. 8
'35.8
42.8
M4.2
'36 0
36.0
42.7
44.0
36 7
36.4
' 42. 5
44.0
P42. 6
39.2
36.9
40.5
41 7
40.8
41.4
41.1
40.9
40 9
35 9
34.6
38.6
36.7
39.5
41.8
40.3
40.9
40.4
40.3
39 9
35 4
33.9
38.7
36.7
39.9
41 8
40.4
40.7
40 6
40.5
40 5
35 6
33.9
'39.4
r
37 5
40.7
41 8
MO. 7
Ml. 2
Ml 3
Ml. 2
'41 0
'37 8
'36.9
'38.6
r
35 7
40.4
Ml 5
40.2
MO. 9
Ml 1
Ml. 2
Ml 3
'38.4
35 9
39.7
r 3g 5
r 38 8
pl!9 6
P 122 6
PAYROLLS
Manufacturing production-worker payroll Index,
unadjusted (U. S. Dept. of Labor) U947-49= 100. .
130. 7
131. 1
40 9
41 9
44.3
40 8
41 8
M4. 6
v 40 7
P 41 g
M4.3
2
5
5
7
6
6
MO
7
T
40 1
p 40 2
41 2
41 7
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
All manufacturing industries
hours
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
hoursSawmills and planing mills
._ do
Furniture andfixtures.
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling
millst - -. _
hoursPrimary smelting and refining of nonferrous
metals
_
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment)hours_
Heating apparatus (except electrical) and
plumbers' supplies
hoiirs..
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-wo von fabric mills
Knitting mills
_____
do
do
do
do
_ __ do
do
do
do
_
do
do
do
Apparel and other finished textile products
36.5
37.4
35.3
35.3
35.4
35.8
hours. 37.5
36.0
38.6
36.3
Men's and boys' suits and coats
do
36.2
35.0
Men's and boys' furnishings and work
35.0
37.0
35.5
37.9
34.4
clothing
_- -hours _
35.3
35.1
33.8
35.9
34.3
Women's outerwear
do
34.9
35.4
43.7
43.7
43.4
43.1
Paper and allied products
do
42. 6
42.8
44.3
44.8
44.7
44.6
44.5
Pulp, paper, and paperboard mills._.do
44.1
Printing, publishing, and allied industries
38.9
38.9
38.8
38.7
38.6
38.7
hours. .
36.7
36.6
36.8
36.7
36.3
Newspapers
do
36.3
40.3
40.0
39.8
39.7
Commercial printing.
do__ _
39.8
39.9
41.7
41.9
41.8
Chemicals and allied products
do
41.7
41.6
41.5
41.2
41.3
41.3
Industrial organic chemicals
do
41.3
41.3
41.0
41.2
40.7
40.6
40.9
Products of petroleum and coal
do
40.6
41.8
40.2
40.4
40.9
Petroleum refining
__
do
40.5
41.6
40.2
41.9
40.0
40.0
41.0
Rubber products
do
41.3
40.7
41.7
Tires and inner tubes
do
37.0
39.4
37.6
41 4
41.2
36.5
36.7
Leather and leather products
do
38.4
35. 4
37.1
36.4
35.6
37.9
35.4
Footwear (except rubber)
do
33.9
36.3
35.4
' Revised.
v Preliminary.
tSee note marked "{" on p. S-ll.
fRevised series. Indexes have been shifted to new base period; monthly data beginning 1939 will be shown later.
§ Total includes State engineering, supervisory, and administrative employees not shown separately.
' 40. 5
MO. 8
42.6
41.4
MO
r 39
Ml
MO
39
Ml
'38.1
r 4] 5
Ml 0
40.3
'41 6
r 41 3
40.2
' 40.8
40 7
MO. 8
41 0
38.5
p 41 2
* 40 8
p 41 5
Ml. 8
v 43.3
p 41 5
p41. 2
Ml 7
MO 8
p 39 4
Ml.l
?35 7
P 38 4
^38.8
p 41 1
MO. 7
Ml.l
v 39 0
SURVEY OF CURRENT BUSINESS
May 1.952
Unless otherwise stated, statistics through
1950 ami descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-13
1951
March
April
May
July
June
1952
August
September
October
November
December
January
February
March
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc. — Continued
Nonmanufacturing industries:
Mining:
Metal
hours. .
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours. .
Nonmetallic mining and Quarrying
do
Contract construction
do
Nonbuilding construction
do
Buildine construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do_ _
Telegraphf
_
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Ketail trade (except eating and drinking
places)*
hours .
General-merchandise stores
do
Food and liouor stores
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
numberWorkers involved
thousands. _
Man-days idle during month
do
Percent of available working time
_ ..
U. S. Employment Service placement activities:
Nonagricultural placements
thousands
Unemployment compensation:
Initial claims
_ _ do
Continued claims
do
Benefit payments:
Beneficiaries, weekly average
_ _ do
Amount of payments
thous of dol
43.3
23. 1
33.6
44.0
21.6
33.9
44.2
30. 1
33.3
41.8
31.0
34.8
42.0
35.3
32.7
44.5
26.3
34.9
44.1
27.2
36.5
44.4
35.1
36.3
43.4
30.8
36.2
'44.4
'44.1
32.5
'38.5
44.2
31.1
-38.4
40.6
43.6
36. 3
38.5
35.8
41.2
45.0
37.4
40.3
36.8
40.4
45.7
38.3
41.8
37.5
40.4
45.7
38.4
41.3
37.7
42.1
45.8
39.0
42.9
38.1
40.2
46.3
39.1
42.7
38.2
41.8
46.1
38.9
41.9
38.2
40.5
47.0
39.3
42.6
38.5
40.4
44.5
36.8
38.7
36.4
' 41. 8
'44.0
'37. 9
'38.9
'37.7
'41.6
' 43. 8
'37.7
'39.6
' 37. 3
40.5
45.1
38. 1
40.0
37.7
45.7
38.9
44.6
41.5
45.9
38.7
44.6
41.5
46.5
39.0
45.4
41.5
46.8
39.4
45.1
41.7
46.5
39.8
44.8
42.0
46.2
39.2
44.6
41.9
46.1
39.4
44.4
42.2
46.2
39.1
44.3
42.1
46.3
39.2
44.2
42.0
' 47. 6
38.8
44.3
'42. 1
'46.3
38.7
1
43.9
'42.0
46.4
38.5
43.9
41.5
35.9
40.6
40.6
40.6
40.7
40.7
40.7
40.9
40.8
40.8
'41. 1
'40.9
40.6
39.7
35.8
39.3
45.4
39.9
35. 9
39. 6
45.5
39.8
35. 5
39.7
45.2
40.4
36. 5
40.5
45.6
40.8
37. 1
41.1
45.3
40.8
36.9
41.0
45.3
40.0
35.9
40.0
45.2
39.8
35.6
39.6
45.4
39.4
35.1
39.7
45.3
40.1
' 37. 0
40.0
'45.4
'39.8
36.0
' 39. 3
45.2
39.9
36.0
39.4
45.2
43.3
40.9
42.0
43.3
41. 1
42.4
43.4
41.4
43.1
43.4
41.5
42.6
43.4
41.3
41.6
43.3
40.9
40.3
42.9
41.3
41.fi
42.9
41.1
41.5
43.1
41.0
40.7
'43.2
'41.4
'41.1
'42.9
41.6
41.1
42.9
41.0
40.0
353
131
363
162
432
164
389
189
440
276
490
210
430
200
470
240
300
70
200
55
400
190
J>350
550
280
1. 730
.22
550
235
1.910
.25
580
250
1,820
.23
560
260
1.790
.23
600
320
1.880
.24
625
350
2.600
.31
600
340
2,420
.34
640
360
2,750
.32
550
190
1,600
.21
500
100
900
.12
600
'250
1,250
.14
*550
J>250
P 1, 270
p. 15
v I , 400
p .17
P185
MOO
^240
p 600
*320
513
552
610
585
586
628
621
610
498
426
473
427
465
719
3,627
983
3,534
908
3,977
1,118
3,704
1,086
4,042
950
4,071
724
3, 329
902
3,692
948
3,817
1,151
4,114
1,382
6,157
890
5, 169
4,834
807
71, 584
740
62, 294
773
70, 799
821
68, 780
748
65, 922
801
75, 131
758
62, 049
713
67, 449
749
68, 607
797
70, 624
116,469
1,185
1,146
105, 023
1,113
101, 564
Veterans' unemployment allowances:
Initial claims
thousands..
Continued claims
do
Amount of payments
thous. of dol
2
15
315
1
9
197
1
6
146
1
5
97
1
5
105
1
5
93
1
3
66
1
3
53
1
3
50
1
3
57
1
4
83
(2)
(2)
Labor turn-over in manufacturing establishments:
Accession rate__monthly rate per 100 employees. _
Separation rate, total
.- do
Discharges
do
Lay-offs
do
Quits
_ _
do
Military and miscellaneous
do
4.6
4.1
.3
.8
2.5
.5
4.5
4.6
.4
1.0
2.7
.5
4.5
4.8
.4
1.2
2.8
.4
4.9
4.3
.4
1.0
2.5
.4
4.2
4.4
.3
1.3
2.4
.4
4.5
5.3
.4
1.4
3.1
.4
4.3
5.1
.3
1.3
3.1
.4
4.4
4.7
.4
1.4
2.5
.4
3.9
4.3
.3
1.7
1.9
.4
3.0
3.5
.3
1.5
1.4
.3
4.4
4.0
.3
1.4
1.9
.4
64.57
69.30
72.71
64.70
69.68
70.97
64.55
69.60
72.45
65.08
70.27
71.02
64.24
68.79
73.10
64.32
69. 55
73.71
65.49
71.01
76.47
65.41
71.10
75.50
65.85
71.05
75.68
67.40
' 67. 04
55.58
55.06
58.67
64.53
66.17
75.11
58.95
58.49
56.96
65.09
66.91
75.70
59.72
59. 22
56.28
65.11
65.81
75.02
61.51
60.92
56. 03
65.25
65.97
76.03
57.43
57.46
55.74
65.04
67.14
74.76
60.49
60.29
57.53
64.74
63.19
73.70
61.51
61.06
58.40
65.74
65.40
75.79
62.32
61.49
58.79
65.93
65.67
74.82
60.86
60.56
58.81
65. 03
65. 50
75.23
'
'
'
'r
77.35
77.92
76.90
78.70
77.64
75.25
78.72
75.79
77.49
' 79. 44
69.14
70.18
70.18
70.73
69.90
70.46
68.64
70.47
69.95
T
69.55
69.51
69.18
69.43
67.98
68.68
70.14
70.39
69.92
' 71. 78
' 71. 19
70.89
76.43
65.34
70.22
76.78
65.58
69.67
76.30
66.57
69.50
76. 65
67.15
67.40
75.42
66.13
67.23
75.94
66.34
69.89
77.24
68.06
70.65
77.86
68.27
69. 53
77. 63
69.10
' 71. 49
' 79. 95
' 69. 97
' 70. 57
' 79. 81
' 70. 35
r
3
65
3.9
3.9
.3
1. 3
1.9
.4
867
3
54
p4. 0
p 3. 6
p I. 0
p 2. 0
p .3
WAGES
Average weekly earnings (U. S. Department of
Labor) :
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 andfixtures-. ._
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling millst
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
72.71
' 77. 62
60. 18
59. 47
60. 48
65. 30
66. 28
' 77. 73
71. 58
' 76. 99
72.28
' 67. 03
' 72. 27
' 78. 27
P 67. 20
p 72. 38
p 78. 01
' 57. 12
' 56. 25
59. 80
' 64. 47
' 65. 50
' 76. 75
' 59. 10
58. 06
' 60. 22
' 65. 27
66. 70
' 76. 34
p 58. 53
78.36
78.44
' 73. 82
73. 11
r
' 71. 52
P 60. 15
v 65. 12
P 76. 53
p 71. 60
70.27
' 79. 56
' 70. 10
p 79. 59
p 70. 34
75.73
75.14
74.81
74.97
74.33
Transportation equipment
do
77.43
76.36
77.14
77.05
' 79. 48 ' 79. 77 ' 78. 69 P 79. 64
76.13
74.52
74.88
73.30
74.90
Automobiles
.
do
76.31
77.53
77.34
76. 44
' 79. 91 '81.11
79.27
77.35
77.48
77.13
77.31
Aircraft and parts .
do
77.22
79.28
77.48
78.07
79.85
' 80. 57 ' 79. 44
79.09
70.42
68.78
71.59
68.31
Ship and boat building and repairs_._do
68.46
71.52
71.96
73. 57
72.37
' 74. 12
' 74. 89
74. 56
75.82
75.13
75.64
Railroad equipment
do
77.36
76.55
76. 96
77.05
77. 06
76. 49
' 77. 81 ' 78. 10
79. 57
67.64
69.44
68.18
Instruments and related products
do
68.55
68.78
68. 51
69.93
70.26
70.98
' 71. 70 '71.40
' 71. 44 * 7 1 . 2 2
57.85
58.18
Miscellaneous mfg. industries _ ~
do _
56.46
58.03
57.39
57.61
56.82
58.18
58.71
' 60. 53 ' 59. 80
60.37
P 60. 26
r
Revised.
*> Preliminary.
JSee note marke d "t" on p . S-ll.
2
*New series. Data beginning 1947 will be shown later.
1 See note ' T' for this page; com parable fig ure for Dec ember 1951, 43.8.
Less thacL 500 claim 3.
t Revised series. Beginning 1952, data cover all c 'omestic (1 and-line) e mployees c xcept mess engers anc1 those conipensated entirely on a commission basis; earlier dat a exclude g ?neral and
divisional headquarters personnel and trainees in set ool.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
March
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average weekly earnings, etc.— Continued
All manufacturing industries— Continued
Nondurable-goods industries
dollars
Food and kindred products
do Meat products
- do
Dairy products
- do
Canning and preserving
do
Bakery products
do
Beverages
do_ _
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
- do
Knitting mills
- do
Apparel and other finished textile products
dollars
Men's and boys' suits and coats
_ do
Men's and boys' furnishings and work
clothing
dollars-Women's outerwear
do_ _
Paper and allied products
do
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
dollars..
Newspapers
do
Commercial printing
do
Chemicals and allied products
do_ _
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
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 f
do_ _
Trade:
Wholesale trade
do__ _
Retail trade (except eating and drinking
places)*
dollars
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers do
Finance:
Banks and trust companies
do
Service:
Hotels year-round
-- do.
58.40
59.12
61.92
59.98
48.64
55.32
72.35
42.03
53.34
53.72
48.54
58.16
59.66
62.91
59.67
50.39
56.37
71.97
42.58
52.87
53.95
46.76
57.93
60.40
63.90
60.52
48.88
57.24
73.75
42.49
51.37
52. 67
45.04
58.47
61.80
67.88
61.11
49.25
57. 93
75. 21
44.49
51.07
52. 10
45.18
58.48
61.65
68.26
62.02
49.20
58.15
75.64
44.03
49.58
50.25
44.57
57.91
61.15
67.48
60.70
53.00
58.07
75.13
44.08
48.08
48.30
44.44
58 67
62 06
68.46
62.10
54.33
58. 69
75.11
44.75
48.74
48.75
44.84
58 00
61 91
67 65
60.60
56. 87
58.38
72. 54
45.30
49 29
48.77
46.06
59 07
63 34
73. 51
60.09
47.80
59.26
74.54
46.26
50 46
50 01
47.56
r
60 45
64 13
r
73. 06
r
61. 48
' 51. 02
r
59. 43
r
73. 48
' 46. 53
f
52 70
r
52. 62
' 48. 08
r
r
r
r
47.27
57.13
44.97
54.90
43.56
53.29
44.05
52.85
45.10
52.82
46.11
51.56
45.89
51.98
43.70
47.81
45.12
47.59
' 46. 26
' 49. 98
' 46. 61
'50.01
r
60 19
63 47
69. 50
r
62. 63
' 50. 44
r
59. 16
r
72. 58
' 45. 31
* 52. 48
r
52. 26
47.91
r
60 12
63 34
69 01
62.10
50.90
59.84
73. 75
' 4.3. 61
r
52 44
51.34
48.51
r> 60 20
P 63 17
47.49
51.59
* 47. 23
40.17
52.49
66.16
70.80
38.96
48.37
66.38
71.37
37.28
47.30
65.92
70.96
36.82
47. 52
65.56
70.84
36.15
52.35
65.44
71.73
36.99
53.45
64.84
70.38
37.67
51. 50
65.57
71.29
37.14
47.33
65.32
71.15
38.13
50.41
65 64
71.31
' 38. 09
r
52. 30
r
66. 68
' 72. 22
75.74
82.13
75.52
67.54
71.15
78.93
81.89
65.88
71.40
48.73
46.43
75.78
82.98
74.76
67.84
71.82
81.33
84.87
65.96
70.15
46.65
43.65
75.66
83.49
74.60
68.14
72.07
81.31
84.77
68.56
75.92
45.38
41.70
75.82
83.16
74.86
68.72
72.48
81.20
84.76
71.27
82.44
46.90
43.79
75.50
82.36
74.86
69.01
73.06
84.06
87.94
70.81
83.67
47.12
44.39
75.54
82.29
74.77
68.18
71.67
80.55
83.70
69.52
82.07
46.19
43.29
77.69
85.13
76.99
68.43
72.54
83.21
86.60
70.18
81.64
45.92
42.73
76.27
84.59
75.13
68.18
71.17
81.72
84.68
68.67
78.76
45. 31
41.83
77.09
85.51
76.57
68.72
71.63
81.28
84.89
69.46
80.27
45. 85
41.93
•• 79. 43
' 88. 65
r
78. 75
«• 69. 10
' 72. 45
' 82. 94
•• 87. 14
' 73. 91
' 86. 26
' 48. 61
r 45. 57
r 77. 12
72.83
50.68
74.66
74.62
47.20
75.63
74.96
66.67
73.86
70.89
68.94
77.67
72.32
79.50
73.71
75.74
58.52
77.23
76.43
60.36
81.61
76.10
78.24
80.62
74.43
81.84
81.09
r
79. 43
69.98
••86.28
' 79. 29
73.42
T
86. 36
79.34
76.69
63.74
76.99
74.19
77.44
80.30
65. 88
79.36
78.26
79.75
78.30
67.22
81.62
81.26
81.83
78.74
67.82
82.41
81.48
82.71
83.32
68.84
83.73
84.81
83.63
78.15
69.59
84.46
85.27
84.31
83. 68
70.63
85.19
84.72
85.42
78.93
71.72
86. 26
86.61
86. 20
79.02
68. 35
81.66
79.30
82.26
r
83. 85
' 67. 32
' 83. 83
«• 79. 08
' 84. 94
' 84. 57
' 66. 49
* 84. 07
T
80. 51
r
84. 78
82. 34
68.24
85.46
81.60
86.26
70.42
56.52
64.63
70 14
70.92
56.12
64.40
70.38
72.17
56.59
65.97
70.72
72.77
58.12
65. 44
71.06
73.19
59.30
71.23
71.82
72.72
58.84
70.47
71.73
73.11
59. 97
72.33
72.88
73.23
59.94
72.34
72.92
73.11
60.84
72.13
73 29
r
' 73. 99
' 59. 60
1
70. 77
' 73. 29
73.54
59 79
70. 81
72.71
63.95
63.78
64.35
64.55
64.51
65.64
65.44
65.52
' 66. 58
r
66. 46
66.54
49.84
36.98
53.18
66.34
49.83
36.71
53. 44
66.22
50.74
37.70
54.72
67.03
51.49
38.51
55.44
66.91
51.37
38.01
55.23
67.18
50.80
37.19
54.24
67.94
50. 43
36. 56
53.90
67.24
49.92
36.12
54. 35
67.13
49.92
' 37. 52
T
54. 44
r
67. 06
' 51. 26
' 38. 34
r
54. 59
' 67. 12
51.19
37.40
54.61
67.57
63.62
48.95
36.44
52 62
65.29
r
r
r
75. 35
59. 44
72. 21
73. 63
38. 20
53. 64
66. 65
71.98
r
r
' 82. 68
r
78. 34
' 68. 72
71.68
»• 82. 90
' 87. 13
T
75. 15
* 88. 71
' 49. 63
r
47. 24
* 42. SO
P 51 61
39. 09
54. 56
66. 56
72.16
r
P 67 14
r
77. 34
83. 65
77.14
r
68. 39
71. 76
T
82. 38
85. 88
r
74. 30
87.62
r 50. 32
48.32
p 78. 80
p 68. 55
p 82. 30
p 75. 38
f 50. 86
80. 06
49.70
50.08
50.11
50.06
50.50
50.28
50. 36
50.78
51.13
' 51. 81
r 51. 81
51. 96
34.68
36 85
44.14
34.90
37 32
44.90
35.02
37.96
45.90
35. 24
38.06
45.45
35.46
37.83
44.26
35.29
37.38
42.56
35. 78
37.87
44.72
35. 91
37.73
44.36
36.20
37 93
43.71
36.81
' 38. 34
' 44. 14
r
36. 55
38.01
43. 04
1.571
1.654
1.687
1. 578
1. 659
1.662
1. 586
1. 665
1.677
1.599
1.681
1.675
1.598
1.682
1.696
1.596
1.684
1.679
1.613
1.707
1.730
1.615
1.705
1.716
1.620
1.712
1.724
1. 636
1. 723
' 1. 721
' 1. 639
1.725
' 1. 738
r
1. 643
•• 1. 729
1. 755
P 1. 651
P 1. 740
* 1. 761
1.369
1.373
1.387
1.540
1.614
1.797
1.424
1.423
1.386
1. 546
1.620
1.798
1.439
1.434
1.393
1.554
1.629
1.799
1.468
1.468
1.387
1.561
1.633
1.819
1. 443
1.451
1.404
1.571
1.662
1.819
1.479
1.485
1.410
1.560
1.612
1.802
1.515
1.519
1.421
1.584
1. 664
1.835
1.509
1.507
1.420
1.581
1.650
1.816
1.499
1.499
1.431
1.590
1.671
1.826
«• 1. 475
1. 472
r
1. 440
r
1. 585
r
1. 657
r
1. 842
«• 1. 421
' 1. 424
r
1. 441
' 1. 584
r
1. 654
r
1. 845
«• 1. 452
1.448
v 1. 456
r
P 1. 460
p 1. 596
1 873
1.873
1.871
1.901
1.903
1.872
1.920
1.876
1.890
r
1. 896
1.902
1.881
1.674
1.675
1.679
1.688
1.709
1.702
1.699
1.694
1.702
r
1. 729
r 1. 783
1. 766
1.652
1.655
1. 655
1.661
1.658
1.663
1.682
1.688
1.689
r
1. 697
' 1. 699
1.692
1.745
1.582
1.692
1.749
1.588
1.691
1.750
1.604
1.687
1.762
1.618
1.702
1.754
1.637
1.685
1. 766
1.626
1. 713
1.788
1.640
1.719
1.794
1.645
1.721
1.797
1. 653
' 1. 731
' 1. 813
r
1. 666
•• 1. 734
r
1.818
r
1. 675
1.838
1.889
1.762
1.711
1.828
1. 599
1.402
1.829
1.877
1.753
1.712
1.864
1.613
1.405
1.833
1.882
1. 759
1.720
1.858
1.626
1.410
1.860
1.925
1.765
1.756
1.877
1.630
1.418
1.863
1.934
1.773
1.772
1.863
1.631
1.415
1.867
1.932
1.777
1.790
1.893
1.635
1.417
1.884
1.948
1.806
1.788
1.891
1. 657
1.426
1.885
1.948
1.803
1.830
1.884 i
1.661
1.433
1.893
1. 955
1.819
1.851
1. 884
1.670
1.446
•• 1. 906
r
1. 978
T
1. 827
r
1. 830
r
1. 907
r
1. 683
r
1. 462
*• 1. 914
r
1. 988
r
1. 839
r
1. 831
' 1. 873
r
1. 688
r
1. 462
1.481
1.484
1.474
1.488
1.489
1.491
1. 507
1.460
1.465
Nondurable-goods industries
do
1.456
1.452
1.475
1.461
1.474
1.508
1.442
1.448
1.450
Food and kindred products
do
1.634
1.633
1.630
1.536
1.624
1.525
1.634
I
1.
667
1.527
Meat products
do
1.352 :
1.366
1.342
1.372
1.346
1.380
1.368
1.351
1.347
Dairv products
do
;
1.271
1
276
1
206
1.292
1
249
1.283
i
1 338
1 297
1 302
Canning and preserving
do
1.386 i
1. 400
1.366
1.394 !
1.428
1.376
1.378
1.333
Bakery products
do
1.355
1.790
1.793 !
1.795
1. 797
1.778 i
1. 836
1.801
1.769
1.777
Beverages
.- do
' Revised.
» Preliminary.
% See note marked "J" on p. S-ll. i See note " t" on p. S-13; comparable figure for December 1951, $70.47.
*New series. Data beginning 1947 will be shown later.
fRevised series. See note " f on p. S-13.
* I. 515
1.516
r
1. 653
r
1. 394
r
1. 332
r
1. 432
' 1. 801
1. 520
1.522
1.643
1.417
1.324
1.429
1.801
Cleaning and dyeing plants
do
Average hourly earnings (U. S. Department of
Labor) :
All manufacturing industries
dollars.
Durable-goods industries
do
Ordnance and accessories
__do_ _
Lumber and wood products (except furniture)
_-- - --dollarsSawmills and planing mills
__do
Furniture and
fixtures
do
Stone clav, 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
Automobiles
__ _
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
do
do_ _
do
do
do
do...
do
r
36. 47
38.60
' 44. IS
r
r
r
r
r
1. 451
1. 592
1. 655
1. 835
P 1.844
1. 707
"1.713
1. 735
I . 829
1. 681
v 1 . 838
" 1. 695
'1.910
1.972
1.848
1.850
1.890
1. 697
r
1. 476
P 1. 933
' 1. 522
' 1. 530
1. 663
1.421
1 322
1.442
1.812
p 1 . 528
'• 1. 537
P 1. 708
P 1. 477
i""::
SURVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-15
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
March
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average hourly earnings, etc. — Continued
All manufacturing industries— Continued
Nondurable-goods industries— Continued
Tobacco manufactures
dollars. _
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars..
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
dollars. .
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining.
do
Rubber products
. « do
Tires and inner tubes
_
do ._
Leather and leather products—
do
Footwear (except rubber) .
. _»do
Nonmanufacturing industries:
Mining:
Metal
__ .
do
Anthracite
do
Bituminous coal
- _
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars..
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
. _
do. _
Telegraph f
do
Gas and electric utilities
_ _ do
Trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)*
dollars
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers .do
Service:
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
1.142
1.317
1.304
1.274
1.157
1.325
1.319
1.274
1.161
1 324
1 320
1 276
1.174
1 323
1.319
1 269
1.171
1.315
1.312
1 259
1.145
1.310
1.302
1 259
1.133
1 321
1.314
1 263
1.141
1.325
1.318
1 269
1.177
1.335
1.330
1.275
«• 1. 178
' 1. 341
«• 1. 339
1.272
' 1. 177
r 1. 349
' .340
.288
' 1. 185
T
1. 348
1.337
1.280
p 1. 199
P 1. 344
1.264
1.480
1.232
1.464
1.234
1 468
1.248
1 468
1.274
1 459
1.288
1 473
1.289
1 481
1.263
1 471
1.271
1.478
' 1. 278
r
1. 483
' .291
' .511
1.294
1.504
p 1. 287
1.060
1.462
1.514
1.584
1.053
1.378
1.519
1.593
1 050
1 379
1.519
1 591
1 052
1.406
1.521
1.599
1 051
1.500
1.529
1 612
1 048
1.510
1.522
1 596
1 061
1 497
1 532
1 613
1 061
1 443
1 537
1 617
1 071
1.457
1.548
1 628
r
1 064
1. 461
t 1. 558
1.634
r
T
r
1.947
2.244
1.874
1.612
1.727
1.948
2.255
1.869
1.623
1.739
1.955
2 275
1 879
1 634
1 745
1.954
2.266
1 881
1 648
1.755
1.956
2.269
1 881
1 659
1.769
1.952
2.267
1 874
1 643
1.748
1.982
2 307
1 901
1 641
1 778
1.976
2 305
1 902
1 631
1 766
1.992
2 330
1 919
1 644
1.773
' 2. 016
2. 364
1 935
r
I 653
1.780
' 1. 998
2. 316
T
I 939
r
1 656
1.783
1.944
2.037
1.647
1.899
1.269
1.225
1.974
2.075
1.649
1.896
1.278
1.233
1 988
2.093
1 660
1 927
1.282
1 230
1. 995
2.098
1.701
1.977
1.278
1 230
2.011
2.114
1 727
2.021
1.270
1 223
1 984
2.082
1 708
1 992
1.269
1 223
2 010
2.107
1 716
1 996
1.279
1 235
1 998
2.096
1 704
1 974
1.280
1 234
1 997
2.091
1 715
1 982
1.288
1 237
r
2. 013
r 2. 110
r
1 794
r
2 104
' 1. 286
r
1 235
r
1.682
2.194
2.222
1.696
2.185
2.231
1 696
2.215
2 218
1.696
2.224
2 232
1.722
2.252
2 254
1 702
2.225
2 213
1 733
2 219
2 236
1 714
2 229
2 221
1 715
2 224
2 240
r
1 789
2 250
r 2 247
T
1 798
2.259
2 243
2 230
1.889
1.462
2.121
1.927
2.163
1.949
1.464
2.122
1.942
2.167
1.938
1.471
2 131
1 944
2 182
1.949
1.484
2 146
1 973
2 194
1.979
1 503
2 147
1 997
2 195
1.944
1 503
2 160
r \ 977
2 207
2 002
1 532
2 190
2 022
2 236
1 949
1 526
2 195
2 033
2 239
1.956
1 536
2 219
2 049
2 260
r
2. 006
1 530
r 2 212
T
2 033
T 2 253
r
2. 033
r
I. 518
r 2 230
T
2 033
r 2 273
2.033
1.513
2 243
2 040
2 288
1.541
1.453
1.449
1.690
1.545
1.450
1.444
1.696
1 552
1 451
1 453
1 704
1 555
1 475
1 451
1 704
1 574
1 490
1 590
1 710
1 574
1 501
1 580
1 712
1 586
1 522
1 629
1 727
1 585
1 533
1 635
1 732
1 579
1 552
1 63^
1 745
r
r
r
r
T
r
i
T
598
540
512
745
1 585
1 553
1 613
1 752
1.567
1.575
1 571
1 581
1 586
1 585
1 605
1 604
1 606
1 620
1 625
1 639
1.233
1.018
1.339
1.438
1.249
1. 030
1.343
1.458
1 252
1 034
1.346
1 465
1 256
1 033
1 351
1 470
1 262
1 038
1 349
1 477
1 259
1 030
1 347
1*483
1 270
1 036
1 356
1 503
1 267
1 027
1 361
1 481
1 267
1 029
1 369
1 482
1 945
r 1 014
r 1 351
r i 477
1 288
r 1 065
T i 389
T i 485
1 283
1 039
1 386
1 495
.801
.901
1.051
.806
.908
1.059
807
917
1.065
812
917
1 067
817
916
1 064
815
914
1 056
834
917
1 075
837
918
1 069
840
925
1 074
T §52
r 926
r 1 074
r 850
928
r 1 075
852
Q27
1 076
1.595
2.619
1.595
2.619
1.608
2 629
1.615
2 648
1.629
2 688
1.637
2 701
1.637
2 701
1.645
2 719
1.646
2 728
1.651
2 751
1.654
2 758
1.681
.78
1.716
1.23
1.725
1.751
82
1.768
1.24
1 746
1 794
73
1 748
1 33
1 779
1 801
1 807
1 29
384
368
398
410
437
435
490
434
4Q9
377
r
r
r
1 583
i 532
1 §30
1 749
r
061
.490
.561
1.636
T
2 027
2. 120
1 824
2. 148
' 1. 289
T
1 240
1.065
1.499
1. 566
1.640
T
' 2. 014
2. 330
1 943
1 656
1.785
p 2. 031
2.019
2.110
1 821
2.137
1.297
1 255
v 2. 022
r
T
r
r
i
i
i
i
p 1. 576
r
1. 668
p 1. 834
p 1. 304
1.795
1.659
2 758
86
1. 664
2 770
«
83
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper
.
_ do. .
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
. _
.
mil. of dol.
Farm mortgage loans, total
__.do
Federal land banks
do .
Land Bank Commissioner
. _
do
Loans to cooperatives
do
Short-term credit
do
Bank debits, total (141 centers).
New York City
Outside New York City
do
do
do
479
381
456
387
417
364
425
331
333
791
347
110,756
43 224
67 532
111,190
41 363
69 827
1,986
40
339
650
323
700
310
739
2 097
1,012
974
37
315
771
129, 112
53 171
75, 941
114, 898
45 477
69 421
116, 572
45 375
71 197
120, 699
48 588
72 110
998
958
r
380
336
2 129
1 020
985
35
O/?A
399
420
-f on
RQ7
fifiO
107, 504
123, 770
117, 231
129, 549
66 359
75 799
79 428
76 049
49 046
24 734
624
23, 239
21,166
49, 046
20, 945
19,670
490
24, 680
^5 009
19
23, 801
21 , 468
49, 900
21,192
20, 056
389
25, 064
47 Q71
44 QO9
4fi 4
458
534
2 j94
2 110
1 029
998
Federal Reserve banks, condition, end of month:
Assets, total
mil. of dol
47, 978
46 883
47 174
47 634
47 547
47 755
48 740
49 116
Reserve bank credit outstanding, total do
24 497
24, 150
25' 058
23, 560
23 481
24 043
24 033
24 309
Discounts and advances
do
275
529
283
53
277
552
186
190
United States Government securities.. .do
22, 910
22, 742
22, 509
22, 982
23, 078
23, 127
23, 734
23, 552
Gold certificate reserves
. . . do
20, 567
20, 567
20, 508
20, 514
20, 504
20, 611
20, 775
21, 004
Liabilities, total
do
47, 978
46, 883
47, 174
47, 634
47, 547
47, 755
49, 116
48, 740
Deposits, total
do
21, 450
20, 748
20, 381
20, 598
20, 606
20, 678
21, 453
20, 868
Member-bank reserve balances.
do
19,014
18, 901
18, 536
19, 020
18, 863
19,181
19, 391
19, 557
Excess reserves (estimated)
do
647
452
416
330
467
717
569
497
Fedora] Reserve notes in circulation
do
23, 041
23, 143
23, 332
23, 630
23, 726
24, 020
24, 148
24, 261
Reserve ratio
.
_ percent
46.2
46. 9
46. 9
46.4
46 3
d?\ (\
4 ft 1
' Revised.
v Preliminary.
§Rates as of April 1, 1952: Common labor, $1.680; skilled labor, $2.774.
« Rate as of April 1, 1952.
*New series. Data beginning 1947 will be shown later.
'See note " f" on p. S-13; comparable figure for December 1951, $1 609
fRevised series. See note " t" on p. S-13.
493
51 7
480
on/?
1 021
30
077
114, 051
125. 269
~~
123.059
4Q QOO
A P. A
90 7*}o
22, 729
21,731
48, 941
21.004
20, 077
634
24, 405
A*7 n
90
QfU
598
22, 52S
21, 992
49, 323
21,336
19,982
~98
24, 423
AQ 1
90 9-0
133
22,514
•22, 1 1 5
48, 590
20, 746
19, 733
492
24,371
<o n
SUEVEY OF CUREENT BUSINESS
S-16
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1951
March
April
June
May
1952
August
July
September
October
November
December
January
February
March
FINANCE—Continued
BANKTNG—Contimied
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-
St^tes and political subdivisions
do
Tnterbnnk (demand and time)
do
Investments total
_ _
do
TJ. S. Government obligations, direct and
guaranteed total
mil.ofdoL.
Biii«
.. do
Bonds and guaranteed obligations-- . --do
Notes
_
-- do
Other securities
do
Lo'ins total
do
Commercial, industrial, and agriculturaL-do
To brokers and dealers in securities
do___.
Other loans for purchasing or carrying securities
mil. of doL-
Roal-estate loans
Loans of banks
Other loans
Money and interest rates '.<?
Bank rates on business loans:
In 19 cities
New York Citv
7 other nortnern ana as
_ __
do
do
do
percent
do
^. - -
Discount rate (N. Y. F. R. Bank)
do
Federal intermediate credit bank loans
do
Federal Innd bank loans
__do
Open market rates, New York City:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months
do
Call loans, renewal (N. Y. S. F.)
do
Time loans, 90 days (N. Y. S. E.)
do
Yield on U. p. Govt. securities:
3 month bills
.-do.
3 5 vear taxable issues
- do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol_.
U S postal savings
do
49, 487
50, 163
50, 034
49, 916
50, 383
50, 976
50, 533
52,124
53, 040
53, 370
54, 328
52, 683
51,16
50, 104
3. 489
4,622
15, 379
50, 257
3, 950
3, 520
15, 338
50, 591
3,857
3. 005
15,362
50, 500
3.589
4,679
15,539
50, 860
3,644
2, 673
15,551
51,174
3, 362
2, 609
1 5, 635
51, 696
3,300
3,747
15, 676
53,517
3, 465
2,543
15, 829
53, 964
3, 466
2,241
15, 792
55, 554
3, 582
2 225
16^026
54, 798
3, 694
1, 644
16, 070
53, 646
3, 599
2, 545
16, 205
51,7:
3,71
3, 6(
16,31
14,555
697
10, 384
37, 491
14, 477
732
10, 669
37, 447
14,485
746
10,157
36, 941
1 4, 661
743
10,422
37, 758
14, 673
740
11,103
37, 613
14,741
751
10, 807
37, 572
14, 795
734
11,345
37, 926
14,958
719
11,948
38, 565
14, 915
720
11,737
38, 772
15,152
712
13,519
39, 056
15, 176
728
11,834
39, 260
15, 275
761
11,481
38, 833
15,3?
7f
12,0'
38,31
30, 886
1,933
30, 836
1, 971
30, 443
1,769
20, 715
8,150
6, 61 1
32, 661
19,186
1,359
20, 527
8,147
6, 498
32, 428
19.048
1,332
30, 997
2, 648
2,224
19, 442
6, 683
6, 616
32, 487
19, 124
1,390
30, 930
2, 593
2, 239
19,486
6,612
6, 642
32,916
19, 502
1,170
31,212
2,934
2.493
19, 142
6, 643
6,714
33, 482
20, 078
1,242
31,926
3,748
3,010
19,212
5, 956
6, 639
34, 083
20, 571
1,077
32, 082
3,949
2 994
19, 185
5. 954
6, 690
34, 488
20, 865
1,148
32, 224
4,129
3 596
18, 531
5, 968
6, 832
35, 161
21,419
1,340
32, 419
4,319
3 698
18, 456
5, 946
6,841
34, 757
21, 160
969
31,892
20, 744
8.209
6, 605
32, 707
19, 202
1,512
31, 176
2,745
1,585
] 9, 478
7, 368
6, 582
32, 877
19,220
1,399
31, If
3,41
36
18,2
5,9
7,1
34,7
21,1
1,2
718
5, 369
727
5,419
717
5,476
382
5,928
716
5, 530
700
5,545
324
5,865
698
5, 584
518
5,906
692
5,605
414
5,915
684
5, 653
680
5,670
657
5,949
687
5 658
56-1
6, 028
667
5, 669
822
6,011
660
5, 652
691
1.75
2.66
4.17
1.75
2.69
4.17
3 27
3 Oi
3 23
3 67
1.75
2.71
4.17
1.75
2.73
4.17
1.75
2.73
4.17
425
5.930
491
5, 935
523
5, 947
627
5, 950
3, 855
3 798
18, 286
5, 9."3
6,941
34, 693
21, 157
1,077
6677
5,i 6657
5
510
6,0
5,999
3
3
3
3
1.
2.
1.75
2. 23
4.08
3 07
2.78
3 04
3 52
1.75
2.23
4.08
1.75
2.37
4.13
1.75
2.47
4.13
3.06
2.79
3.06
3 47
1.75
2.64
4.13
1.63
2.13
2.00
2.13
1.63
2. 17
2.15
2.28
1.63
2.31
2.25
2.38
1.63
2.31
2. 25
2, 38
1.63
2.26
2.25
2.38
1.63
2.19
2.25
2.38
1.63
2.21
2.25
2.38
1.63
2. 25
2! 25
2.38
1.69
2.31
2.38
2.47
1.75
2.38
2.45
2.56
1.75
2.38
2.38
2.56
2.
2.
1.422
1.86
1.520
'2.03
1.578
2.04
1.499
2.00
1.593
1.94
1.644
1.89
1.646
1.93
1.608
2.00
1.608
2.01
1.731
2.09
1. 688
2.08
1. 574
2.07
1.6
2.
11.648
2,853
11,662
2,831
11,710
2, 808
11,821
2,788
11,840
2.772
11,867
2, 754
11,915
2.738
11,941
2,724
12,018
v 2, 710
12,175
p 2, 701
12, 208
v 2, 698
19, 379
12,976
7, 368
3, 946
19, 126
12,904
7,270
3,934
19, 207
12 920
7.248
3,980
19, 256
12,955
7.234
4,041
19, 132
12,903
7,173
4,061
19, 262
13. 045
7,247
4,138
19,362
13,167
7,327
4, 175
19, 585
13,196
7, 355
4,134
19, 989
13, 271
7,400
4, 100
20, 644
13, 510
7, 546
4, 039
rr 20, 126
13,314
7,322
3, 962
P 19, 716
p 13, 184
*7, 158
P3, 927
1,133
924
1,103
905
1,084
890
1,055
874
1,022
854
1,015
859
1,028
870
1,056
890
1,099
908
1,186
971
613
737
1,129
933
592
706
* 1.082
5, 992
2, 521
541
300
230
v 6, 026
P2, 542
v 545
P301
* 232
'951
1, 273 \
176 !
P955
PC
P i , 275
"176
V I,/
V
4,253
1,445 !
1,114
p3, 967
P i , 448
P 1,117
P 3, ?
P 1,4
P 1, 1
3.02
2.74
3. 02
3 42
1.75
2. 06
4.08
1.75
2.17
4.08
1.63
2.06
2.00
2.13
1.
12, 267
v 2, 685 ~~V2,~6
CONSUMER CREDIT
Total consumer credit, end of month-. .mil. of doL.
Instalment credit, total
do
Sale credit, total
do
\utomobile dealers
_do
Department stores and mail-order houses
mil. of doL -
Furniture stores
do
Household-appliance stores
do
All other retail stores (incl. jewelry) __ do
Cash loans total
_
do
Commercial banks
do
Credit unions
do
Industrial banks
_ __
do . Industrial-loan companies
__do
Insured repair and modernization loans
mil. of doLSmall-loan companies
do
Miscellaneous lenders
- -- d o _ . Charge accounts
Single-payment loans
Service credit
- _ -
-
do
do .
do
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
- - -.mil. of dol
Credit unions
- do
Industrial banks
-- do Industrial-loan companies
- do_
Small-loan companies
do
602
662
590
646
590
645
5, 672
2, 506
5,721
2,515
5,798
2, 521
531
293
217
5,840
2, 524
533
296
221
5, 841
2, 522
522
288
209
5,730
2,492
524
288
211
852
1,119
860
1,131
872
1, 151
882
1, 167
166
888
1,181
894
1,203
904
1,191
164
3 938
1,381
1,084
3,744
1,392
1,086
3, 793
1,398
1,096
3, 804
1,399
1,098
3,743
1,393
1,093
3, 724
1,398
1 , 095
3, 696
1,401
1,098
368
79
43
33
207
340
72
41
31
184
359
82
44
33
198
356
86
44
35
204
339
76
44
35
206
389
90
49
40
210
8,811
8, 112
3,289
2,626
54
2, 423
690
123
4,039
3,146
53
3,074
747
164
7,603
7,089
48
6,611
719
225
2,833
2,571
48
1,886
722
177
4,165
3,594
655
710
636
692
5,608
2, 476
517
286
204
5, 634
2 497
853
1,112
160
514
286
205
161
616
678
518
288
207
162
167
600
654
607
668
535
299
222
608
685
5,871
2, 509
535
299
225
922
1,211
5,964
2, 510
542
301
229
r
?909
v 567
P 673
M9, 5
p 13, 1
?7,0
p3, 8
p
l1., <(WO
v-893
8
p» r 548
p6
,l
P 6 ,102
P 22,592
,L
Pp f 553
Pp O303
P2
170
938
1,268
176
3,868
1,413
1,108
4,190
1,422
1,106
4, 587
1,436
1,111
351
78
42
35
183
373
86
52
40
205
347
83
45
38
228
354
84
50
42
292
393
85
46
38
184
* 373
P 91
P 46
P37
P181
p'
•p
6,524
6,209
42
5,691
707
83
2,708
2,635
52
1,653
885
117
3,951
3,521
5,576
5,279
44
4,599
823
111
5, 153
4,953
44
3,944
826
339
6,194
5, 553
43
5, 258
805
88
IV
5, 455
228
449
3,414 i
1, 363
of March
5,105
5,
689
142
404
396
3, 155 !
3,
1,
1,412
15,1956-58.
169
168
r
pp 52
p 41
p
Pc fi 216
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts, net
Customs
Income and employment taxes
Miscellaneous internal revenue
All other receipts
mil. of dol
- -do__
- -do do
_
- -do
do
59
7,818
838
96
50
3,131
806
178
47
2,935
805
164
5,163
5,483
4,739
5,087
5,178
5,969
4,058
4,007
5,627
4,517
Expenditures, total
- do_
232
222
580
497
173
253
163
580
1,557
1,057
Interest on public debt
do
422
422
411
384
435
478
427
425
456
397
Veterans Administration
do
3, 166
3, 040
2,628
2,160
2,495
2,930
3,015
2,396
3,070
2,057
National defense and related activities
do
1, 533
1,142
1,409
1,403
1, 512
1,533
1,533
1,103
1,167
965
All other exoeriditures
- -do._r
* Beginning A prill 1951 , includes 1^ percent note of March 15, 1955,1% percent note of December 15, 1955 , and 2^ percent bond
Revised.
» Preliminary.
cf For bond yields see p. S-19.
9,*
44
9,*816
825
{
115
SUEVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-17
1952
1951
March
April
May
June
July
August
Septem-
October
November
257, 353
254, 958
219, 321
35, 637
2 395
258, 298
255. 940
220, 325
35, 615
2 359
259, 604
257, 253
221, 391
35, 862
2,351
Decem- January
ber
February
March
259, 775
257, 482
221, 249
36, 233
2,294
260, 362
258,136
221, 776
36, 360
2,226
258, 084
255, 794
219, 301
36, 493
2,290
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE—Con.
Public debt and guaranteed obligations:
Gross 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
254,997
252, 553
219,028
33, 525
2,444
254, 727
252, 280
218, 690
33,590
2,447
255,093
252, 729
218, 680
34, 049
2,364
255,222
252, 852
218, 198
34, 653
2,370
255, 657
253, 325
218, 618
34, 707
2,332
256,644
254, 321
219 174
35, 146
2 323
259, 419
257, 070
221, 168
35, 902
2,348
21
21
29
29
28
32
33
37
43
42
38
37
41
58,020
359
560
57, 938
310
472
57, 842
295
477
57, 784
289
475
57,733
310
481
57 691
312
436
57 662
272
390
57, 666
334
410
57, 710
315
364
57, 739
296
401
57, 809
440
492
57, 821
338
410
57, 814
330
428
25, 104
13, 496
3,931
1,721
108
473
0)
760
6,116
564
1,764
2,162
3,467
2,951
1,264
25, 188
13,504
3,675
1,809
105
498
(i)
824
6,151
627
1,719
2,185
3,474
2,999
1,308
25 668
13, 906
3 896
1,981
104
494
C1)
755
6,133
720
1,515
2,236
3,472
3,025
1,514
26, 744
14, 422
4,161
2,142
101
488
(i)
814
6, 110
779
1,461
2,226
3,463
3,358
1,813
Liabilities, except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
do
2,500
2,340
2,383
2,573
do
do
do
19
1,247
1,234
29
1,378
932
34
1,399
949
43
1,369
1,161
Privately owned interest
U. S. Government interest
do
do
268
22, 337
315
22,533
322
22, 962
329
23,842
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total
mil. of dol
Industrial and commercial enterprises, including
national defense.
mil. of dol
Financial institutions
do
Railroads
-do
States, territories, and political subdivisions-do
United Kingdom and Republic of the Philippines 9
mil. of doL_
Mortgages purchased
__
do
Other loans
do
883
885
882
872
862
856
831
823
819
803
784
767
758
447
98
106
20
458
97
105
20
462
95
104
20
463
94
103
19
460
93
103
18
457
92
102
18
442
92
102
18
433
92
102
18
428
91
102
18
419
84
99
19
408
79
99
19
398
76
96
18
390
73
96
19
87
89
36
84
86
36
81
83
36
75
82
36
72
81
35
71
81
36
60
80
37
60
80
40
60
79
42
60
78
44
57
78
45
57
77
45
57
77
46
64,822
58,060
65, 156
58, 309
65, 496
58,759
65, 727
59, 085
66, 128
59, 437
66, 455
59, 701
66, 777
59, 961
67, 181
60, 347
67, 476
60, 514
67, 983
60,919
68, 554
61, 385
68, 907
61,734
69,250
62,125
57, 362
37, 414
13, 514
11, 307
10, 303
3,008
10,589
908
14, 141
1,218
12, 923
2,107
1,304
1,488
57, 641
37, 342
13, 147
10, 927
10, 350
3.005
10, 839
977
14, 397
1,239
13,158
2,119
1,311
1,495
57, 894
37, 455
13, 021
10, 787
10, 376
3,017
11, 041
804
14, 675
1,263
13, 412
2,133
1,321
1,506
58, 091
37, 486
12, 741
10, 480
10, 457
3,024
11, 263
765
14, 921
1,283
13, 639
2,146
1,323
1,450
58, 431
37, 574
12, 657
10, 417
10, 503
3,033
11, 381
751
15, 139
1,298
13, 841
2,156
1,342
1,468
58, 702
37, 572
12, 410
10, 166
10, 548
3,044
11, 570
739
15, 365
1,310
14, 054
2,167
1,361
1,499
58, 975
37, 652
12, 326
10, 050
10, 587
3,065
11, 675
721
15, 518
1,319
14, 198
2,175
1,378
1,531
59, 282
37, 776
12, 229
9,956
10, 647
3,088
11, 812
735
15, 676
1,330
14, 347
2,182
1,401
1,511
59, 556
37, 759
12, 060
9,829
10, 703
3,111
11, 885
851
15, 851
1,338
14, 512
2,190
1,408
1,497
59, 999
37, 946
11, 871
9,657
10, 781
3,134
12, 160
848
16, 027
1,350
14, 676
2,193
1,426
1,559
60, 350
38, 056
11, 767
9,561
10, 814
3,150
12, 326
924
16, 185
1,357
14, 828
2, 199
1,432
1 554
60, 640
38, 187
11, 706
9,514
10, 846
3,164
12, 470
851
16, 336
1,375
14, 961
2, 206
1,445
1,615
60, 938
38, 385
11, 588
9,436
10, 909
3,182
12, 706
785
16, 459
1,388
15, 071
2,217
1 464
1,628
2,417
383
486
1,548
107
381
326
137
173
57
143
56
169
2,250
282
466
1,502
100
369
322
126
172
58
136
53
166
2,384
367
505
1,512
96
368
324
133
172
58
135
55
171
2,258
306
475
1,477
93
356
315
134
166
58
138
49
166
2,183
298
420
1,465
95
346
320
130
172
57
130
51
164
2,135
251
424
1,460
93
323
321
128
174
58
142
53
167
1,923
189
449
1,285
81
284
284
118
155
54
116
47
145
2,256
226
481
1,549
104
347
336
132
195
75
132
54
174
2,398
398
453
1,547
102
357
328
139
184
76
128
54
177
2,478
477
436
1,565
101
333
333
152
199
68
138
60
181
2,031
191
382
1,458
102
333
314
126
166
60
149
52
156
2,179
244
454
1,481
99
329
333
129
179
61
140
53
160
2,495
246
530
1,719
113
384
363
144
207
72
178
69
190
336, 397
146, 005
43, 726
8,831
-21, 715
58, 309
57, 811
338, 335
149, 159
43, 178
8,846
23, 573
60 249
53, 330
338, 256
142, 116
42, 984
8,247
22, 512
57 296
65. 101
307, 283
135, 428
38, 234
8, 152
22, 550
54 131
48, 788
327 525
148,811
39, 785
8 580
22 966
56 691
50! 692
288 393
122,338
35, 119
7 453
21 506
47 832
54.' 145
327 648
147 059
40, 377
8 605
22 601
58 909
50! 097
315 371
136 825
42, 448
8 311
24 109
53 220
50.' 458
364 248
141, 621
37, 549
7 988
22 249
53 450
101.' 391
389 502
167 995
46 560
9 887
38 294
52 774
73! 992
329 638
148 934
38,984
8 273
28 8^9
50 648
53.980
366 424
155 851
41 738
8 351
30 826
57 169
72! 489
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated totalj.
mil. of dol
Securities and mortgages!
do _ _
49 companies (Life Insurance Association of
America), total
mil. of dol
Bonds and stocks, book value, total
-do
Govt. (domestic and foreign), total
do
U. S. Government
-- do
Public utility
do
Railroad
do ..
Other
do
Cash
do
Mortgage loans, total
do __
Farm
do
Other
_do
Policy loans and premium notes
__ do__ _
Real-estate holdings
do
Other admitted assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value, estimated total§
mil. of doL.
Group§
do
Industrial §
_
do
Ordinary, total
do. ._
New England
_
do
Middle Atlantic
_
do
East North Central
do
West North Central
do-__
South Atlantic
do
East South Central
do
West South Central
_ _
do
Mountain
do
Pacific
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
estimated total
thous. of dol
Death claim payments
do
Matured endowments
_ _ do.
T)isfl,hility paymp,iits
Annuity payments
Surrender values
Policy dividends
do
do
do
do
366, 291
153, 724
47, 349
8,682
r
29, 773
r
55, 392
71, 371
i Less than $500,000.
9 Beginning with September, data are for Republic of the Philippines only.
^Revisions for January-July 1950 are shown in corresponding note in the October 1951 SURVEY.
^Revisions, available upon request, are as follows: Total insurance written, January 1949—January 1951; group, January 1950—January 1951; industrial, 1949.
SURVEY OF CUEKENT BUSINESS
S-18
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
March
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
Premium in corn e (39 cos ) total thous of dol
Accident and health
do
Annuities
do _.
Group
do
Industrial
do
Ordinary
__ _
._
do
591, 532
60, 565
71, 308
48, 467
80,391
330, 801
489, 571
47, 472
69, 670
43, 028
64, 519
264, 883
525, 553
61, 935
64, 136
42, 077
65, 808
291, 597
548, 412
51,657
59, 188
42, 143
82, 265
312, 859
502, 612
60, 164
79, 708
43, 924
66, 224
262, 592
517,615
62. 341
57, 154
46, 426
61, 425
290, 269
508, 393
48, 730
60, 247
37, 410
77, 350
284, 656
519, 296
56, 990
61, 955
45. 518
72, 254
282, 579
526, 031
59, 737
73, 785
41, 151
60, 787
290, 571
743, 465
71, 169
148, 522
48, 449
115, 161
360, 164
549, 118
53, 541
90, 144
60, 164
63, 880
281, 389
540, 742
58, 392
72, 425
47, 211
66, 827
295, 887
21, 805
101, 914
112, 842
2,245
62, 877
37, 616
12, 689
5,529
21, 756
—12, 947
43, 357
2,398
65, 023
38,907
12, 913
5,536
21, 756
46, 270
41,422
3,840
62, 857
38, 235
12, 690
5,921
21, 759
-8, 790
28, 374
12, 165
21, 854
136,976
19, 183
15, 533
22, 013
176, 654
' 3, 462
14, 341
22, 233
243, 381
26, 326
7,896
22, 382
188, 370
' 9, 366
7,302
22, 695
289, 861
r 2, 375
8,800
22,951
137, 452
13, 223
76,864
' 23, 190
23, 291
152, 219 — 103,092
17, 805
1,473
168, 129
158, 600
38, 869
12, 054
5,464
39, 112
12, 078
6,648
37, 819
12, 564
6,397
38, 646
13, 243
6,628
38, 214
13, 033
5,711
13, 160
5,147
12 255
4 962
332
273
182
194
10, 016
.902
7,015
.902
16, 828
.884
••665
4,686
.902
••250
6,975
.881
88
6,284
157
142
6,125
.880
6,177
.880
8,126
.880
«-89
3,656
.880
513
6,616
.902
678
4,807
.902
1,468
3,583
3,429
1,854
2,097
3,482
2,405
2,037
3,932
1,794
2,712
2,758
2,006
1,107
2,835
1,896
6,562
2,585
1 983
4,493
3,079
1,977
3,414
3,134
1,968
5,547
3,219
3 766
3,430
27, 278
183, 600
2,500
7,800
173, 300
89, 500
59, 200
24, 600
27, 519
182, 900
2,500
6,700
173, 700
89, 500
59, 300
24, 900
27, 809
185, 038
2,424
7,930
174, 684
88, 960
59, 948
25, 776
27, 851
1 184, 500
v 2, 400
v 6, 300
» 175, 800
v 90, 700
f 60, 000
* 25, 100
28, 155
28, 809
29, 206
28, 288
28, 417
»> 185, 200 9 187,300 v 189, 200 9 190, 500 v 192, 900
J» 2, 300
9
2, 100
* 2,300
9 2 100
J>2 200
v 6, 000
9 5, 600
* 5, 000
9 5, 500
P 7, 200
9 177, 000 * 177, 900 » 181, 600 »182, 700 » 185, 666
v 91, 400 * 92, 000 9 95 000 v 96, 300 v 98, 120
» 60, 300 ' 60 500 * 60 900 v 60, 600
*>61 221
f 25, 300
p 25 400
v 25 700 P 25, 800 P 26 325
28, 386
*>191 400
P 2 000
i > 4 300
*185, 100
P 97 gOO
P 6i 700
P 25 600
28, 465
v 191, 500
J » 2 200
J> 5, 900
9 183, 400
*>95 700
p 62 000
P 25 600
28, 473
v 192 200
P 2 200
r>7 100
v 182, 900
P 94 800
t> 62 500
9 25 700
32.5
22.3
30.0
21.3
34.4
22.2
31.1
20.9
30 1
20 6
32 5
21 4
34 0
22 0
1 A4.Q
MONETARY STATISTICS
Gold and silver:
Gold:
21, 806
Monetary stock, U. S
mil. ofdol..
Net release from earmark §_
_.thous. of dol_. -111,239
G old exports.
_ _ _ do. __ 125, 704
2,242
Gold imports
do
63, 526
Production reported monthly total
do
37,
951
Africa
do
13, 034
Canada (incl Newfoundland)
do
5,784
United States
do
Silver:
1,932
Exports _
_ _
do_
17,486
Imports _.
. _do
.902
Price at New York
dol. per fine oz__
Production:
1,755
Canada (incl Newfoundland) thous offineoz
1,903
Mexico
_
do
4,371
United States
_
do
Money supply:
27, 119
Currency in circulation
mil. of dol__
183, 700
Deposits and currency, total . _
do
2,400
Foreign banks deposits, net
do
8,800
U. S. Government balances
_
do
172, 500
Deposits (adjusted) and currency, total.-do
89, 000
Demand deposits, adjusted
do
59, 100
Time deposits
__
_.
do
24, 400
Currency outside banks
do
Turn-over of demand deposits except interbank and
U. S. Government, annual rate:
35.5
New York City
ratio of debits to deposits
22.5
Other leading cities
do
27.0
20.0
r
31.7
21 8
30 4
20 9
31.4
22.0
4,848
880
1 783
37 9
22 6
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):!
Profits after taxes, total (200 corps.) _ mil. of dol
Durable goods, total (106 corps.) ...
do
Primarymetalsand products (39 corps.) do
Machinery (27 corps.)
do
Automobiles and equipment (15 corps.) do
Nondurable goods total (94 corps )
do
Food and kindred products (28 corps.) do
Chemicals andallied products (26 corps.) _do
Petroleum refining (14 corps.).do
Dividends, total (200 corps.)
do.
Durable goods (106 corps.)
__
__
do
Nondurable goods (94 corps.)
_ do
Electric utilities, profits after taxes (Fed. Res.)i
mil of dol
Railways and telephone cos. (see p. S-23).
'877
r
118
762
4*?8
176
73
142
333
46
111
127
932
565
217
123
185
r 367
r
52
125
r
148
270
••199
••475
273
••202
475
273
202
567
325
241
••157
••161
r 162
r Igl
r839
510
188
90
194
••368
497
193
82
183
••342
MO
•"61
••128
123
'120
'469
r
r
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil. ofdol..
New capital, total
do
Domestic, total
do
Corporate...
do
Federal agencies
do
Municipal, State, etc
do
Foreign..
do
Refunding, total
_do
Domestic, total
do ___
Corporate
___do
Federal agencies
do
Municipal, State, etc
do
1,233
1,022
1,001
795
48
158
21
211
180
82
88
10
1,064
1,161
920
918
660
29
228
2
144
144
80
61
4
946
865
398
60
407
80
215
215
13
198
4
Securities and Exchange Commission:
1,740
1,516
Estimated gross proceeds, total
_.
do_
By type of security:
1,545
1,220
Bonds and notes, total
do
814
528
Corporate
_
do
196
143
Common stock
do
52
100
Preferred stock
do
By type of issuer:
1,009
824
Corporate, total
do
304
411
Manufacturing
_
do
155
284
Public utility
do
Railroad
do
30
20
426
24
Communication
_
do
20
Real estate and
financial
do
36
731
692
Noncorporate, total __
do
451
520
U. S. Government.
do
234
162
State and municipal.
do. __
r
Revised.
9 Preliminary.
§Or increase in earmarked gold (—).
JRevisions prior to 1st quarter of 1951fwill be shown later.
1,302
1,106
1,075
634
441
398
248
0
151
43
192
192
20
172
1
986
792
642
337
40
265
50
194
194
20
170
4
1,288
706
89
280
31
197
197
57
137
3
937
810
802
476
8
319
8
127
124
29
93
2
1,757
3,951
1,678
1,388
1 582
1,789
1 628
1 709
2 154
1 679
1,646
1,510
1 258
347
131
37
415
56
74
1 516
1 555
1 349
1 475
9 fl94
K-! r
637
89
22
3,723
597
152
76
606
131
104
48
89
748
388
213
14
4
50
825
367
253
26
3
124
515
144
193
18
52
75
1,009
3, 126
2, 830
1,163
545
253
171
9
3
29
843
656
152
581
343
284
834
321
966
937
463
107
368
29
322
322
16
288
18
313
31
35
421
107
128
378
169
120
23
9
15
655
316
201
18
16
65
1 203
1 134
765
243
651
397
976
836
815
517
0
297
22
140
140
47
89
4
399
104
175
679
218
273
76
37
16
949
655
289
1,093
883
838
562
0
276
45
211
205
83
102
19
840
422
274
23
49
22
869
601
257
1 232
930
920
541
39
349
1
^02
302
10
71
221
xqe
I
9Qfi
154
1 R1
in
Of\Q
i
0
19
1
coo
1 024
Kfi*
QR7 i
999 !
ci c
IAS
SURVEY OF CURRENT BUSINESS
Mav 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-19
1952
1951
March
April
May
June
July
August
September
October
November
Decem ber
January
February
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
do
Now 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
994
810
739
812
505
537
371
640
666
826
555
450
954
845
699
146
121
68
53
0
28
626
504
122
129
13
64
52
55
676
487
189
46
14
26
6
18
685
431
253
112
54
49
9
15
452
336
116
47
20
26
0
6
474
352
121
43
22
21
1
20
334
281
53
32
17
15
0
4
541
420
121
71
5
65
2
27
567
480
88
80
51
28
1
19
725
640
85
68
42
23
2
32
530
470
60
12
2
11
0
13
385
282
103
60
32
28
1
5
875
655
221
60
15
45
0)
19
298
219
73
151
97
36
30
30
0
423
422
0)
20
16
2
405
301
94
278
230
20
20
20
0
24
24
0)
35
30
2
384
353
20
209
204
3
14
14
0
4
4
0)
50
37
10
361
314
42
249
234
13
26
26
0
3
2
250
218
26
169
161
8
9
9
0
165
146
17
118
115
4
23
23
0
8
8
15
12
2
308
254
47
196
180
16
18
16
2
15
15
0)
63
50
1
213
181
26
268
247
21.
76
61
15
37
37
0)
15
12
1
416
357
39
269
246
23
22
22
0
48
48
1
22
16
2
304
294
5
154
151
3
17
17
0
1
1
0
11
9
1
268
227
38
120
100
20
23
23
0
3
3
0
10
10
0
366
336
20
393
365
28
12
12
0
6
6
123
73
49
141
115
23
190
180
11
18
18
0
51
51
0)
74
71
1
169, 623
89, 529
237, 662
191, 699
433, 961
162, 557
335, 166
105,887
364, 091
74, 901
156,214
84, 760
249, 434
36, 315
381, 580
191, 104
299, 109
210,915
265, 503
215, 190
574,694
93, 863
181
426
155
409
222
434
185
389
175
445
163
458
249
308
220
340
286
454
242
380
1,304
918
715
1,286
879
661
1,287
855
681
364
1,275
834
680
1,266
825
672
1,260
816
624
1,290
843
640
1,291
853
653
1,279
805
649
99.23
99.73
73. 66
98.72
99.22
72.93
98.29
98. 78
73.00
117.1
132. 1
98.90
118.0
132.0
99.10
53, 065
60, 666
0)
g
3
0)
28
14
1
0)
r
0)
20
15
2
303, 614
15n, 037
144, 680
138, 444
248
338
220
304
191
286
378
1, 292
816
695
1,289
809
633
1,280
890
652
1,293
756
734
97.82
98.30
72.65
97.43
97.92
72.44
98.01
98.49
73. 48
97. 83
98.30
73.39
98. 26
98.75
73.07
116.9
131.3
98.22
115. 3
131. 6
97.52
114.8
130.9
96. 85
115.6
130. 8
96. 27
116. 5
132. 1
96. 77
115.9
131. 5
96. 87
54, 075
62, 621
66, 533
79, 818
47, 052
56, 942
58, 376
71, 347
63, 229
75, 892
51,332
61,626
51, 113
59, 745
51,120
57, 957
52, 560
60, 534
64, 609
75, 600
45. 275
53, 328
56, 026
67, 670
60, 802
72, 524
49, 298
58,010
49, 040
57, 821
52,111
0
52, 1 1 1
45, 548
6,515
56,211
0
56, 211
49, 960
6,192
67, 291
10
67, 281
58, 3,00
8, 867
48, 559
0
48, 559
41,895
6,613
60, 525
3
60, 522
54, 32f>
6, 079
66, 971
68
66, 903
59, 389
7, 399
49, 109
0
49, 109
42, 912
6,174
58, 123
30
58. 093
52, 190
5,858
99, 271
97, 580
1 , 399
100, 045
97, 846
1,899
97, 925
96, 290
1, 347
99, 197
97, 050
1,847
97, 511
95, 876
1, 345
99, 206
97, 063
1,843
97, 151
95, 427
1,339
99,318
97, 075
1,843
95, 634
93, 920
1, 332
98, 158
95, 920
1,839
96, 269
94, 537
1,349
98, 221
95, 985
1,836
96, 1 58
94, 431
1 , 344
98, 292
96, ()')()
1 , 832
96, 699
94, 978
1,338
98,415
96, 183
1, 831
3.12
3.08
3.13
3.20
3.25
3.24
3.18
3.19
2.88
2 92
3.17
3.50
2.84
2.88
3. 15
3.46
2.89
2.93
3.18
3.50
2.96
3.02
3.26
3.56
3.01
3. 00
3.31
3.61
2. 98
3. 05
3. 32
3.59
2.93
3.01
3 25
3. 53
2. 96
3. 03
3.24
3.51
2.92
3.13
2.89
3.09
3.27
2.93
3.14
3.31
2.97
3.21
3.42
3.00
3.24
3. 50
3.00
3. 23
3. 48
2.97
3.19
3. 38
2.99
3.21
3. 30
2.00
2.04
9 57
2. 05
2.05
2.56
2.04
2.08
2.61
2.07
2.07
2.66
2.11
2. 10
2.70
2.08
2.10
2.74
2.07
2.04
2.71
2. 05
2.07
2. 70
T
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil. of bu__
do
SECURITY MARKETS
Brokers' Balances (IN. Y. S. E. Members
Carrying Margin Accounts)
Ca^h on hand and in banks
Customers' debit balances (not)
Customers' free credit balances.
Money borrowed
_
_
mil of dol
--- do
do
do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
99.30
98.72
98.28
97.86
total§.
dollars..
98.48
99.24
99.77
98.79
98.37
Domestic
- _ _ _ _ _ _ _
do
98.98
71.94
71.85
71.70
Foreign
_
_
do
71.78
73.10
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-4-issues):
119.4
117.8
117.4
116.6
Composite (17 bonds)
dol. per $100 bond__
116.2
135.5
131. 9
128.6
131.1
Domestic municipal (15 bonds)
_ . - _do ___
129.4
100. 28
98.93
97.90
97.62
TT. S. Treasury bonds, taxable
do
97.93
Pales:
Total, excluding U. S. Government bonds:
All registered exchanges:
72, 842
106, 614
69, 822
54, 048
Market value
thous. of dol
52, 767
83, 272
80, 270
108, 793
Face value
do
63, 267
66, 368
New York Stock Exchange:
70, 081
104,014
67, 378
51, 192
Market value
__.
do
50, 590
79, 406
105, 659
77, 369
60, 114
Face value
do
62, 649
Now York Stock Exchange, exclusive of stopped
76, 030
76, 668
67, 814
55, 399
sales, face value, total §
thous. of dol..
56, 400
9
0
1,946
5
TJ. S. Government
do
74, 084
76, 659
67, 809
55, 399
Other than U. S. Government, total §
do
56, 398
67,413
68,618
61, 391
49, 191
Domestic
do
45, 698
8,009
6 ? 601
Foreign
_ _ _
do
6,408
6, 179
10, 650
Value, issues listed on N. Y. S. E.:
100, 247
99, 938
97, 818
Market value, total, all issues§
mil. of d o l _ _ 114, 382
98, 457
112,758
98, 630
98, 278
96, 163
Domestic
-_ _ _
_ _
do
96, 777
1,373
1,377
1, 369
1 , 366
Foreign
do
1, 389
101, 545
115, 183
Face value, total, all issues§
do
101, 692
99, 958
99, 975
113,019
99, 384
99, 482
97, 754
Domestic
'
do
97, 775
1, 914
1,912
Foreign
do
1,910
1,904
1,900
Yields:
2.96
Domestic corporate (Moody's)
percent
3.07
3.09
3.16
3.17
By ratings:
2.87
Aaa.
_
._
do
2.78
2.89
2.94
2.94
2.82
2.93
Aa
do
2.93
2.99
2.99
A
.
_ _
do
3.00
3.11
3.15
3.21
3.23
Baa
_._
do
3.23
3.35
3.40
3.49
3.53
By groups:
Industrial.__ _ _ _ _ _ _
do
2.81
2.89
2.90
2.96
2.97
Public utility
do
2.96
3.07
3.10
3.18
3.19
Railroad _ ___
... _ _
do
3.11
3.24
3.28
3.33
3.36
Domestic municipal:
Bond Buyer (20 bonds) ___
do
1,82
1.94
2.21
2.07
2.06
Standard and Poor's Corp. (15 bonds)
do
1.87
2. 05
2.09
2.22
2.18
U. S. Treasury bonds, taxable
do
2.47
2.56
2.63
2.65
2.63
r
Revised.
* Less than $500,000.
fSnles and value figures include bonds of the In ernationa Bank for ReconstriKi tion and I)evelopme nt
all listed bonds.
not shovvn separate ly; these b onds are ii icluded als o in com piiting avera ge price of
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 195i
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments..
mil. of dol
Finance
_
do_ ._
Manufacturing _ _
do
Mining
__ _
do
Public utilities:
Communications
_do_ ..
Heat light, and power
do
Railroad
.
_
_ do ..
Trade
do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody's) :
Dividends per share, annual rate (200 stocks)
dollars..
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks) _ __ _ _
__do
Bank (15 stocks)
do
Insurance (10 stocks)
_ do_ _
1, 066. 2
70.9
688.3
77.1
516.4
83.1
204.3
8.0
209.5
40.1
107.9
1.4
1,116.3
76.8
729.6
87.8
524. 6
124.1
203.8
5.8
216.7
41.6
102. 2
2.0
1, 132. 7
80.6
757. 3
91.1
532.9
104.3
211.5
7.3
224.0
43.5
106.1
1.2
1, 805. 0
212.6
1,128.9
151. 4
505. 7
107.4
169. 6
4.7
181.4
42.3
64.4
2.3
1, 202. 1
75.9
813. 5
97.6
38.3
67.4
60.3
40.3
23.6
74.9
54.4
25.0
54.9
11.8
.7
44.7
3.5
8.5
2.7
24.3
69.1
55.0
47.8
25.9
74.8
51.8
11.1
39.3
13.9
.7
47.1
10.9
7.7
4.5
25.1
66.6
40.7
50.0
21.3
82.2
56.1
13.0
41.7
16.8
.7
49.4
10.9
8.2
4.0
36.8
80.9
69.5
80.4
44.5
83.4
53.2
17.8
56.8
12.8
.7
46.3
7.1
15.0
3.3
25.5
74.2
51.6
39.8
24.0
4.11
4.49
1.86
2.55
2.65
2.71
4.15
4.52
1.87
2.58
2.65
2.73
4.15
4.51
1.87
2.58
2.65
2.73
4.15
4.53
1.87
2.58
2. 63
2.73
4.18
4.55
1.87
2.58
2.63
2.73
4.11
4.45
1.88
2.58
2.63
2.73
4.12
4.47
1.90
2. 55
2.63
2.73
4.09
4.43
1.90
2.55
2.63
2.73
3.92
4.19
1.90
2.58
2.63
2.73
3.88
4.13
1.90
2. 55
2.64
2.84
3.92
4.18
1.90
2. 55
2.64
2.84
3.92
4.18
1.89
2.64
2.64
2.84
3.92
4.19
1.91
2. 65
2.60
2.84
Price per share, end of month (200 stocks). -do
Industrial (125 stocks)
_ .
do__
Public utility (24 stocks)
do
Railroad (25 stocks)
_ do
64. 25
67.40
31.77
40.52
67.20
71.15
31.78
42.17
65. 39
68.88
31.99
40.04
63.40
66. 75
31.70
36.68
67. 45
71.28
32. 67
39.93
70.10
74.46
33.13
40.76
69.73
74.09
32.87
41. 57
67.97
72.07
32. 94
39.79
67.80
71.48
33.26
39.97
69.94
74.24
33. 85
40.00
70.90
75. 09
34.42
42.26
68.39
72.00
34.41
41. 59
34.73
45.28
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:
Industriil (125 stocks)
dollars
Public utility (24 stocks)
do
6.40
6.66
5.85
6.29
4.61
3.45
6.18
6.35
5.88
6.12
4.74
3.41
6.35
6.55
5.85
6.44
4.77
3.49
6.55
6.79
5.90
7.03
4.86
3.48
6.20
6.38
5.72
6.46
4.79
3.35
5.86
5.98
5.67
6.33
4.67
3.20
5.91
6.03
5.78
6.13
4.70
3.28
6.02
6.15
5.77
6.41
4.77
3.44
5.78
5.86
5.71
6.45
4.64
3.47
5. 55
5. 56
5. 61
6.38
4.45
3.47
5.53
5. 57
5. 52
6.03
4.41
3.38
5.73
5.81
5.49
6.35
4.50
3.41
5.49
5. 54
5.50
5.85
4.41
3.37
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)..
percent _
Prices:
Dow-Jones & Co., Inc. (65 stocks). _dol. per share..
Industrial (30 stocks)
do
Public utility (15 stocks)
do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad:?
Combined index (416 stocks)... 1935-39 =100..
Industrial, total (365 stocks) _ _ _ ... _ _ d o
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
thousandsExclusive of odd lot and stopped sales
(N Y Times)
thousands
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of dol__
Number of shares listed
...millions—
r
7. 62
2.60
3.48
r
'7.42
2.53
5.52
r
6.36
2.44
4 71
8 09
2.44
12 94
4.11
4.15
4.17
4.20
4.13
4.16
4.19
4.23
4.28
4.26
4.22
4.16
92.39
249. 50
43.03
82.66
92.86
253. 36
42.36
82.59
92. 57
254. 36
42.28
81.37
90.46
249. 32
42. 55
78.06
91.29
253. 60
43. 75
77.04
95.19
264. 92
45. 06
80.53
98.11
273. 36
45.40
83.91
97.82
269. 73
46.04
84.25
94.44
259. 61
46.22
79.73
96. 73
266. 09
46.72
82.30
99.39
27.1. 71
48.61
84.81
98. 31
265. 19
48.87
85.05
100. 02
264. 48
170. 3
184.4
175.0
169.0
111.2
148.7
110.2
180.7
172.3
187.3
179.4
168. 8
110.2
148.7
106.1
181.9
173.9
189.3
181.9
167.9
110.5
147.5
105.6
183.4
171.7
186.9
179.2
163. 1
110.2
141.6
105.4
182.7
172.8
188.1
179.9
163.7
111.5
139.4
104.2
184.9
181.5
198.3
190.7
168.0
114.4
147.1
105.8
193.0
187.3
205. 2
197.1
172.9
115. 8
152. 8
108.0
195.4
185. 0
202.3
193. 3
171.4
115.2
154. 7
106.4
187.5
177.7
193. 3
182.6
164.6
114.7
144.2
109.0
182.9
182. 5
199.1
189.4
167. 6
115. 5
150. 5
110.2
188. 5
187.1
204. 3
192.4
169.2
117.0
155. 4
115. 4
194.0
183. 2
199.1
184.7
166. 0
117.5
155. 0
114. 5
193. 3
185.2
201.4
184.4
167.2
117 7
1 61 . 3
113 3
195.9
1,683
71, 480
1,547
67, 024
2,030
74, 220
1,337
52, 456
1,354
53,154
1,626
59, 483
1,707
66, 385
2,045
85, 294
1,413
65, 122
1,501
63, 170
1,922
71, 188
1, 598
62, 651
1,451
63, 006
1,442
53, 327
1,320
50, 583
r
1,748
56, 928
1, 143
40, 667
1,171
42, 438
1,393
44, 583
1,445
48, 204
1,714
60, 208
r
1,279
44, 886
1,618
49, 431
1. 351
42, 296
1,219
43, 464
r
1, 196
47, 449
35, 625
34, 290
38, 457
27, 402
27, 989
33, 642
36, 395
42, 531
25, 677
30, 083
37, 141
27, 195
29,513
102, 747
2,437
100, 120
2, 452
97, 920
2,528
104, 610
2, 557
108, 307
2,568
108, 911
2,581
106, 439
2,592
106, 309
2,604
109, 484
2,616
111,580
2,627
108, 471
2, 634
11?,, 099
2, 644
do
do
4 375
3,414
396
565
5,283
4,091
471
721
5,069
3,842
458
769
5, 413
4,077
580
756
do
3 915
3,217
86
612
3,938
3,133
99
706
3 708
2,680
93
935
3 550
2, 633
122
795
+460
+1,345
+1, 361
+1, 863
do
r]
—1,147
112
—1 035
-1,375
-96
-1,279
— 1 221
—90
-1,131
-1. 196
-107
-1,089
"U S Ions- and short-term capital (net) total do
Privite
do
—353
—294
—59
-370
-287
-83
— 11
+16
-27
-319
-329
+10
+1
+108
+12
+384
+893
+55
—292
-709
C
"
-
.
Merchandise adjusted
in co e on loieig
esi
T
i
.
r
T nil iteral transfers (net) total
f-
n
and short term ca itil (net)
do
Increase (— ) or decrease (+) in U. S. gold stock
mil of dol
+237
+151
+146
Errors and omissions.
--do __.
f
'Revised.
Preliminary.
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of the series,
49.80
89. 55
98,112
2,421
BALANCE OF PAYMENTS (QUARTERLY)
t r\ ' ""'
t<? nhrond
P 6 88
4.00
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
TVT° Ti° !v
"* H '
Tincome' on mve
' '
if
71.35
75. 63
-23
SURVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-21
1952
1951
March
April
May
June
July
August
Septem-
ber
October
Novern-
ber
Decem-
ber
January
Febru-
ary
March
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:
Quantity
Value
_
Unit value
Imports for consumption:
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
Adjusted
- _
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
_
1936-38=100
do
do
253
519
206
265
555
210
260
550
212
250
525
210
232
484
209
249
516
207
249
501
202
233
471
202
279
565
203
281
585
208
-
do _
do
do
167
504
302
152
471
309
148
461
311
140
446
319
137
433
316
139
435
313
118
364
307
141
425
301
135
403
298
131
390
299
1924-29=100
_
do
104
120
130
165
105
132
92
117
74
101
90
99
106
86
117
81
136
103
- --
do
do -
155
181
190
231
155
174
150
177
126
157
155
151
157
125
149
113
do __
do _
132
116
112
104
104
107
99
109
103
114
107
116
91
95
6,232
7,537
8,758
7,560
9,714
7,849
9,526
8,193
8,865
8,033
11,171
7, 642
10,931
6, 673
_
___
245
506
206
261
540
207
149
446
147
439
298
148
116
129
123
125
151
158
138
157
141
157
163
164
207
102
103
102
108
93
92
121
116
120
118
10, 605
7,873
9,400
8,310
6,319
r
Shipping Weight
Water-borne trade:
Exports, incl. reexports'!
General imports
thous. of long tons_.
-- do _
6, 899
Value
Exports, including reexports, total<[
mil. ofdol__
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 M^alaya
do
China©
- -do
India and Pakistan
_
_
do
IP pan
do
Indonesia
- - - do _
Republic of the Philippines
_. __ _ do __
Europe:
France
- do
Germany
do_
Italv
do
Union of Soviet Socialist Republics
do
United Kingdom
do North and South America:
Canada, incl. Newfoundland and Labrador
Latin-American Republics, total..
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
-Venezuela
__.
. do _ .
do
do
do
do
do
do
do ..
1,285
1,370
1, 354
1,294
1,190
1, 267
1,232
1,155
1,388
1,435
1,247
1,328
50, 184
211, 362
319, 941
232, 093
163, 047
174,408
48, 199
233, 903
385, 301
263, 716
149, 135
172, 143
59, 051
185, 031
367, 622
255, 651
140, 068
174, 187
48, 590
192, 425
340, 030
236, 891
138, 646
186, 304
56, 400
190, 523
285, 122
202, 552
136, 429
182, 787
58, 138
198, 706
307, 886
203, 158
146, 970
198,315
58, 477
205, 651
330, 945
200, 248
136,504
177, 214
34, 204
182, 430
346, 768
214, 670
131, 301
133,913
46, 383
271, 861
376, 891
208, 123
155, 444
187, 279
51, 379
294, 190
438, 770
180, 749
153, 906
205, 342
48, 346
222, 073
385, 795
192, 265
135, 460
152, 702
55 557
256, 707
338, 483
203, 655
149,414
188, 038
4, 446
19, 192
4,794
24, 563
8,078
29, 089
7, 313
21, 821
6,804
23, 899
8,639
25, 477
10, 624
25, 482
7,534
13, 859
18, 890
5,609
4, 033
21, 503
7,718
22, 166
5, 757
17, 416
15, 167
4,304
0
34, 535
67, 903
18, 368
24, 107
13, 168
5,462
0
39, 527
73, 194
15, 799
27, 241
8,270
4,274
0
35, 465
51, 122
15,318
24, 026
12, 874
4,447
0
30, 360
45, 076
14, 628
34, 323
16, 763
5,489
0
33, 751
36, 720
14, 692
31, 273
13, 579
6, 003
0
41, 639
34, 303
15,341
35, 335
13, 936
4,887
0
36, 870
39, 456
16, 225
35, 820
14, 304
3,648
0
41, 423
40, 845
7,177
27, 044
24, 673
5,139
0)
78, 454
58, 122
26, 026
18, 558
17, 246
4,002
0
77, 879
51, 447
11, 786
25, 558
27, 290
40, 808
44, 385
2
63, 515
41,331
44, 296
62, 470
4
69, 496
36, 553
40, 158
72, 198
1
56, 423
39, 535
41, 786
38, 689
13
68, 213
37, 379
33, 688
20, 505
7
71, 556
33, 214
41,279
24, 222
2
77, 999
34, 268
49, 223
20, 711
0)
97, 170
33, 193
44, 727
24, 825
232, 087
322, 314
16, 333
49, 956
16, 538
19, 063
59, 705
60, 226
46, 260
263, 701
307, 994
19, 010
45, 919
13, 277
22, 250
48, 834
61,916
45, 536
255, 608
300, 582
20, 231
54, 610
16,218
20, 795
40, 752
60, 952
38, 487
236, 889
312,353
24, 368
58, 337
16, 554
24, 006
42, 627
60, 380
39, 531
202, 497
307, 195
23, 960
61, 060
17, 408
20, 089
41, 739
59, 486
35, 247
203, 155
330, 133
25, 220
69, 125
15, 902
19, 348
43,071
64, 391
39, 025
200, 182
298, 074
19, 723
74, 292
11, 625
17, 145
38, 829
59, 538
32, 524
214, 625
252, 965
13, 904
51, 822
0)
99, 809
7,647
13, 191
39, 865
62, 805
27, 702
5,047
3,884
32, 579
0
82, 359
54, 586
12, 403
41, 028
0)
69, 665
44, 582
10, 343
23, 052
40, 875
47, 482
34, 723
0
96, 018
48, 152
55, 299
43, 954
5
103, 084
41,079
29, 308
47, 137
40, 372
2
75, 810
208, 123
326, 970
21, 558
71, 208
12, 647
18, 949
48, 988
62, 345
40, 122
180, 748
341, 234
19, 238
81, 335
19, 346
20, 256
44, 168
62, 239
39, 172
192,265
203, 655
321, 003
14, 143
75, 329
11,928
20, 568
49, 409
54, 526
43, 450
12,421
63, 134
41, 584
5
78, 393
273, 293
14, 750
57, 904
10, 460
15, 722
39, 910
54, 820
33, 620
Exports of U. S. merchandise, totalj
mil. of doL_
By economic classes:
Crude materials
thous. of dol..
Crude foodstuffs
.
do
Manufactured foodstuffs and beverages. . .do
Semimanufactures 9
do
Finished manufactures 9
__ _
do
By principal commodities:
Agricultural products, total
do
Cotton, unmanufactured . _ do
Fruits, vegetables, and preparations
do
Grains and preparations. _ _ _
do
Packing-house products
do
1,266
1,353
1,340
1,280
1,179
1,258
1,222
1,147
1,378
1,425
1,233
1,315
173, 226
123, 998
75, 166
131,429
762, 295
228, 512
163, 562
82, 412
134, 549
743, 808
203, 953
137, 880
71, 443
142, 615
784, 215
148, 461
135, 776
74, 229
153, 929
767, 932
128, 030
105, 050
72, 807
155,016
718, 225
152, 392
118,190
78, 471
149, 528
759, 212
207, 524
106,297
65, 570
145, 292
696, 835
272, 463
98, 249
61, 709
127, 323
587, 341
300, 099
108, 902
336, 658
109, 783
69, 003
160, 702
749, 176
255, 394
127, 575
60, 389
137, 163
652, 704
228, 045
128, 777
74, 126
138, 742
745, 774
332, 396
83, 756
17,917
130, 715
25, 180
419, 984
117,761
14, 523
177, 297
29, 339
354, 602
93, 532
15, 912
138, 191
26, 797
310, 744
50, 660
16,417
131, 766
23, 552
251, 719
32, 663
13, 799
111,027
24, 130
276, 985
32, 139
17, 099
128, 156
19, 554
307, 653
70, 787
16,738
115,935
18, 703
349, 603
116, 856
21, 332
103, 925
16, 292
415, 443
165, 771
20, 978
119, 198
24, 618
459, 274
213, 167
20, 540
376, 507
148, 921
20, 144
129, 674
27, 048
377, 014
132, 039
19, 489
145, 121
26, 936
Nonagricultural products, total
do . _ _
Aircraft, parts, and accessories§
_.do
Automobiles, parts, and accessories §cf _ _do
Chemicals and related products cf
do
Coppercf
do
Iron and steel-mill products
do
933, 716
1, 981
107, 816
79, 012
7, 391
55, 384
932, 859
1,850
110,488
82, 929
9,261
48, 125
985, 503
1,007
110, 500
86, 144
7, 170
50, 191
969, 583
3,650
104, 652
93, 417
7,087
47, 390
927, 410
2,565
103, 04S
89, 591
7, 246
48, 588
980, 807
1,536
103, 270
91,811
3, 608
48, 955
913, 864
2, 362
101, 188
85, 644
2, 964
54, 605
797, 482
457
75, 799
71, 246
962, 336
462
97, 346
90, 358
9, 963
56, 500
966, 049
573
96, 655
89, 087
10, 271
67, 555
856, 717
2 584
77, 940
76, 149
938, 449
2 1, 448
100, 542
78,617
8,685
63,080
6,679
45, 973
73,316
148, 218
747, 243
115,441
27, 587
7,324
62, 962
1,416
1,403
223, 846
227, 414
220, 758
219, 062
214, 991
217,286
193, 706
212, 877
171, 991 214, 210
237, 999
240, 217
12, 584
13, 621
13,017
13, 320
14,015
10, 818
10, 631
9,574
12, 344
15, 301
9, 384
10, 557
31, 765
31, 173
28, 508
25, If !-0
28, 742
27, 251
22, 956
21, 163
22, 294
24, 406
28, 478
29, 840
47, 132
48, 13(i
53, 222
50, 247
48,311
46, 354
41, 602
50, 656
36, 481
47, 227
49, 005
48, 968
16, 237
18,284
15,687
17, 025
17,279
19, 823
15, 346
15, 692
20, 327
12, 059
17,391
18, 303
101, 370
99. 143
98, 823
96, 901
98, 82f>
95, 590
103, 612
82, 231
88, 970
103, 356
118, 781
116,642
56, 260
58, 584
65, 061
60, 974
85, 145
76, 389
65,
017
64,
207
83, 540
73,
896
69, 763
73, 519
85, 530
79, 036
75, 645
72, 721
56, 125
62, 891
62, 354
61, 305
77, 546
59, 888
49, 742
69, 927
r Revised.
1 Less than $500.
2 Data beginn ing Januar y 1952 excl ude additicmal items classified a 3 "special c ategory." See note "§".
fl^otal expor ;s and various compo lent items
include shipments under the Mutual Security Pro£'ram (forrricrly the INMutual DC 'ense Assis tance Pro^r ram) as foHows (mil of dol):M"arch 1951- March 1952 , respectiv cly— 100.7; 83.5; 129.2;
115.1; 85.0; 115.3; 81.2; 58.8; 84.1; 59.6; 65.0; 78.7; 94.2. Beginning July 1950, certain iteius classed is "special category" exports, alt hough incl uded in tot al exports, are excluc ed from watcr-borne
trade and from area and country data.
0 Incluc .ing Mane miria begiiining Jam lary 1952.
9 Data for semimanufactures reported as "special category, 1 ype 1" are included \\ ith finishec
1 manufactures.
§ Excludes "special category" exports not shown t eparately for security reasons.
c? Data beginning January 1951 have been adjusted to confo nn to the 1952 revisioii of the export schedu e.
Machinery, total§d*
do___
Agricultural __ „
do
Tractors, parts, and accessories §
lo
Electrical §cf
lo
Metal working
do^ . _ _
Other industrial cf-..
_.
lo
Petroleum and products
lo
Textiles and manufactures
lo.
SURVEY OF CUERENT BUSINESS
S-22
. stated, statistics through
Unless other-wise
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1951
March
April
May
June
July
1952
August
September
October
November
December
January
February
March
962, 500
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports, total
thous. of dol__ 1,099,903
Bv geographic regions:
67, 082
Africa
do _ _ _
267, 237
Asia and Oceania
do
192, 860
Europe
_ _ __do
190, 835
Northern North America
do
129, 951
Southern North America
do
251, 938
South America
_
do
By leading countries:
Africa:
291
Egypt
—
do_ _
15, 870
Union of South Africa
do_ _
Asia and Oceania:
42, 247
Australia, including New Guinea.
do
38, 447
British Malaya .
__ _ _ _ _ _ d o _
4,946
China©
do
37, 547
India and Pakistan
_
do _
20,
097
Japan
- do _
25, 550
Indonesia
- -- _ _ d o
29,
514
Republic of the Philippines
do
Europe:
31, 776
France
__ __ _ _ _ _
-_ _ d o _
19,117
Germany
do
13, 588
Italy
- - do _
1,338
Union of Soviet Socialist Republics
do
36, 681
United Kingdom
do
North and South America:
Canada, incl. Newfoundland and Labrador
thous. of dol__ 190, 811
363, 189
Latin- American Republics, total
_ do
34, 734
Argentina _ _
_ _ _ _
__ _ do . _
100, 704
Brazil
do
15, 400
Chile
__
_
-_ _ do _
27, 616
Colombia
do
43, 636
Cuba
do
33, 055
Mexico
_
do
26, 551
Venezuela
do
1,032,675
1,017,687
929, 802
894, 599
880, 355
721, 071
833, 360
818, 274
800, 558
921, 638
892,094
69, 457
270, 121
181, 500
191, 769
118, 044
201, 783
76, 227
242, 572
189, 702
202, 106
99, 497
207, 582
55, 326
235, 728
179. 868
191,822
95,419
171, 637
39, 758
223, 954
176, 527
189,588
100, 634
161,137
40, 225
229 332
161,084
192, 450
84, 712
172, 554
25, 911
157,934
14P.415
171 896
76,172
142, 743
40, 374
143 678
147 682
218 424
90, 256
192 946
37, 660
146 608
157 294
199 584
88, 503
188 626
34, 960
151 875
152 846
189 892
93, 264
177, 721
68 402
179 961
175 881
187 036
127, 675
189 685
68 60^
183 051
153 941
176 7^9
131,814
177 895
19, 652
15, 202
12, 936
12, 669
5,161
14,390
268
8,561
789
7,851
275
5,402
660
9,629
812
11, 002
1, 063
6,470
16 453
11 844
18 907
10 066
58, 351
43, 294
2,722
38, 003
17,121
19, 751
31, 165
62, 048
24, 378
2,886
32,117
26, 810
19, 526
30, 382
49, 933
36,315
2, 062
36, 320
16,557
17, 236
25, 501
22, 859
52, 373
2,242
32, 401
15,013
24,911
23, 374
39, 265
39, 001
1,634
24, 394
18, 246
29, 665
22, 302
7,105
31,941
1,241
17,487
12, 297
19, 744
19, 201
14, 898
27, 872
1 136
19, 903
14, 369
19, 457
17,313
9,616
26, 479
2 719
19', 062
15 894
17, 297
15, 882
22, 486
16,907
4 8'13
19,317
15 021
20, 127
15, 85S
8, 519
38 536
4 902
22 437
17 772
29 704
14, 785
16, 605
39, 366
5 Of#
27, PPO
14 5 ?0
23, 281
17, 213
26, 390
18,217
13, 229
2,207
42, 598
28, 066
21,414
10, 967
1,625
45, 712
21,375
24, 667
12, 475
2,790
38, 701
21,239
24, 558
9,763
2,014
44,311
24, 816
21, 183
10, 698
3,259
39, 499
16, 332
16,912
9,502
1,141
33, 251
15,453
19,165
8,884
3,311
33, 372
13, 635
16, 630
12, 364
3,088
40 269
15, 172
14, 806
12,953
2,251
35, 422
20, 364
17 509
11 321
1,150
39 013
14, 737
15 999
13,019
506
31, 233
191,604
303,315
32, 845
64, 456
27, 584
19, 237
41,289
29, 124
25, 866
202, 098
291, 602
29, 975
68, 528
22, 076
27, 176
33, 026
26, 373
30, 966
191, 671
251,110
16, 805
65, 068
15, 557
26, 894
34, 073
23, 951
27, 294
189, 287
248, 340
11,970
54, 670
10,815
37, 203
39,117
26, 025
26, 733
192, 137
244, 348
10, 486
65, 556
18, 247
33, 541
40, 381
18,885
25, 827
171, 259
208, 190
8,221
62, 976
13, 863
22, 851
34, 512
20, 554
22, 208
218, 039
264, 796
6,643
83, 440
18, 437
34, 305
35, 501
26, 426
30, 119
199, 568
260, 120
6,781
89, 607
18, 197
34, 610
31,417
27, 153
25, 822
189, 887
249, 777
7,893
84, 857
11,692
36, 596
13, 360
32, 859
27, 333
187, 035
293, 294
8,294
69, 867
22 246
42 Oil
30, 577
41,169
33, 927
176, 785
287, 913
7, 309
80, 426
13, 502
33, 952
32, 480
36, 177
29, 889
1,033,534
965, 686
945, 793
914, 530
887, 125
892, 983
745, 850
872, 242
827, 041
800, 544
914, 910
901,073
309, 444
233, 978
93, 103
227, 037
169, 974
337, C49
159, 548
89, 546
215,764
163, 179
297, 629
171, 225
91, 544
221, 239
164, 156
299, 748
147, 677
92, 570
216, 519
158,016
293, 043
136, 598
92, 926
198, 969
165, 588
289, 191
144,026
88,418
204, 965
166, 383
237, 220
122, 234
76, 220
169, 267
140, 909
256, 788
167, 016
93, 423
192, 522
162, 493
213, 237
184, 034
80, 665
183, 271
164, 935
216,752
187, 259
58, 687
183. 556
154, 290
269, 233
193, 779
79, 269
205, 170
167, 459
269, 834
207, 047
75, 617
186, 323
162, 252
538, 873
153, 040
10, 728
74, 347
2,081
40, 626
84, 842
494, 661
11, 798
479, 006
96, 645
10, 858
73, 232
1,626
39, 717
105, 037
486, 680
16, 638
452, 248
100, 701
13, 038
51, 853
1,216
33, 985
84, 706
493, 545
8,537
428, 144
90, 657
13,399
69, 369
1,287
32, 399
70, 942
486, 386
8,913
405, 553
86, 897
15, 187
87, 733
1,035
38, 655
48, 000
481, 572
7,503
412, 895
87, 818
14, 540
76, 837
1,625
38, 043
57, 856
480, 088
8,061
333, 443
80,719
14, 272
59, 282
2,003
30, 063
34, 131
412, 407
5,336
388, 157
117,074
9,757
52, 911
2,549
30, 207
42, 153
483, 085
7,515
378, 975
127, 025
5,826
54, 489
2, 059
24, 379
30, 728
448, 066
5, 889
360, 292
138, 732
5,154
43, 997
1,730
7, 566
35,215
440, 252
9,355
437, 235
134, 047
5,493
80, 393
3,865
25, 987
37, 906
477, 675
6,571
439, 207
153, 943
4,027
73, 821
2,728
29, 394
33, 648
461,865
6,352
75, 522
17, 959
22, 680
31,209
44, 057
50 601
69, 182
21, 909
13,297
29, 240
39, 356
51 , 223
57, 425
23, 308
8, 03G
38, 598
43, 525
52, 425
71,740
24, 457
12, 930
44, 995
41,361
52, 578
67, 450
23, 493
13, 090
42, 181
42, 994
48, 447
78, 193
30, 744
10, 251
35, 240
47, 695
44, 664
57, 997
25, 671
5, 860
31,191
38, 758
43,122
70, 382
23 175
14, 287
SO, 161
50, 009
51 081
59, 732
21 776
4.148
31,025
47, 814
48 415
65,235
19, 871
7,870
30, 421
44, 799
48 522
65, 594
28, 638
2,552
33, 447
42, 230
60, 547
75, 677
22, 285
5,516
31, 727
43, 246
53, 717
32,144
19,106
12, 203
5,717
1,878
919, 952
30,290
17, 783
11,492
5,993
1,664
812,028
30,973
19,121
12,444
7,966
1,571
834, 298
32,221
18,484
11,911
5,871
1, 576
851, 723
30, 896
16. 269
13, 080
5,688
1,520
799, 871
18, 273
37
18, 725
65
22, 746
44
20,143
77
10. 6813
1,103
130,200
10. 7032
1,072
127,800
10. 8224
1,105
139,200
10. 8808
1,071
128, 500
11.0560
1,012
123,900
3,478
653
64
189
219
73
312
304
3,155
642
66
175
210
51
202
285
1,524
3,522
760
82
198
240
46
118
331
1,747
2,828
627
66
165
197
34
70
263
1,405
2,886
587
65
172
195
33
76
294
1,463
Imports for consumption, total
do
By economic classes:
Crude materials
_
do
Crude foodstuffs
_ _.
do
Manufactured foodstuffs and beverages do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products total
do
Coffee
— - do_
Hides and skins
do
Rubber crude including guayule
do
Silk unmanufactured
do
Sugar
do
W^ool and mohair unmanufactured
do
Non agricultural product^ total
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
total
thous of dol
Tin including ore
Paper base stocks
Newsprint
Petroleum a d products
do
do _
do
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
29,318
32,229
30, 813
29,085
32, 551
31, 529
29, 780
Miles flown, revenue
thousands19, 085
17,173
15, 543
18,111
17, 909
17, 853
21, 662
Express and freight carried
short tons11, 902
9,739
10, 327
11,318
11, 287
11,165
13, 620
Express and freight ton-miles flown. .thousands4. 805
4,612
4.541
5,035
5,029
5,124
4,938
Mail ton-miles
flown
do—
1,804
1,866
1,861
1,708
1,960
1,660
1,895
Passengers carried, revenue
do—
859,130
914,367
834, 685
922, 856
956, 974
934,584
835,920
Passenger-miles flown, revenue
do___
Express Operations
17,389
18, 895
17, 852
17,172
18, 769
17,845
19,377
Operating revenues
thous. of doL
24
76
146
Operating income
do—
Local Transit Lines
10. 5645
10. 6010 10. 6642
10. 5231
10. 5231
10. 4818
10.4185
Fares, average cash rate
_ cents.
r
1, 048
989
1,012
1,016
1,105
1,117
1,174
Passengers carried, revenue
millions124,800
120,
500
117,300
114,800
125,700
127,300
129,600
Operating revenues
thous. of dol_
Class I Steam Railways
Freight carloadings (A. A. R.):d"
2,992
4,142
4,039
3,291
3,233
3,152
3,785
Total cars
thousands.
589
755
537
710
444
546
689
Coal
do___
66
79
65
83
63
61
81
Coke
do_._
194
241
197
168
227
193
229
Forest products
do—
254
216
212
217
178
198
247
Grain and grain products
do___
34
34
69
34
33
27
35
Livestock
do___
422
452
356
361
330
216
101
Ore
do_-_
368
366
296
324
309
268
425
Merchandise, 1. c. 1
do___
1,454
1,937
1,533
1,967
1, 582
1,580
1,979
Miscellaneous
do___
d
' Revised.
Deficit.
©Including Manchuria beginning January 1952.
d" Data for March, June, September, and December 1951 and March 1952 are for 5 weeks; other months, 4 weeks.
1,664
r
971,600
SUEVEY OF CUREENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-23
1952
1951
March
April
May
June
July
August
September
October
November
December
January
February
March
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—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
numberBox cars
_ _
do
Gondolas and open hoppers
do
Car shortage, total
do
Box cars . __ .
do
Gondolas and open hoppers
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 income!
_
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 __
130
112
204
147
138
49
70
54
149
139
112
133
112
193
156
139
61
193
51
149
136
112
197
156
158
68
212
51
151
135
111
208
160
124
57
296
48
149
133
111
210
154
141
64
212
48
148
137
120
212
158
125
49
321
47
148
131
120
217
152
123
61
207
47
144
130
97
209
143
156
50
325
44
143
125
97
215
143
130
61
203
45
142
137
122
206
155
151
64
313
47
145
133
122
215
148
140
67
209
47
144
144
130
209
153
148
107
308
48
154
133
130
211
142
132
81
205
46
143
146
134
202
152
154
128
267
48
157
135
134
206
144
154
83
180
46
144
140
140
218
149
156
88
174
47
149
137
140
218
152
159
70
180
46
144
123
127
216
128
135
65
73
43
134
133
127
206
144
143
68
235
44
142
128
133
214
139
146
64
64
44
138
141
133
203
155
146
67
256
46
151
126
120
203
140
137
57
69
47
140
136
120
192
146
140
72
277
49
149
124
111
198
141
128
53
75
48
142
133
111
196
141
139
66
257
47
149
724
32, 365
24, 275
5,323
8,601
24
2,812
14, 603
9,484
3,815
8,300
1,203
434
9,858
4,760
3,929
21, 677
15, 463
133
9,721
3, 065
5,641
28, 062
13, 109
11, 928
8,613
2,716
4,873
4,422
1,412
0
18,154
7,531
9,359
3,640
164
4
14, 902
4,181
9,231
2,593
86
19
19, 045
6,235
10, 168
3,375
203
4
8,586
2,459
5 311
7,855
1,456
298
3,889
1,201
2,336
11, 255
3,396
1,859
3,906
1,430
2,014
8,185
1,012
2 084
3,992
1,747
1 550
9, 264
2, 161
1,516
2,621
845
993
875, 600
741,001
70, 569
677, 758
851, 445
722, 012
66, 762
668, 850
888, 716
752, 588
70, 657
693, 820
855, 753
710, 732
80, 641
677, 685
816, 812
674, 008
80, 602
683, 824
909, 945
758, 759
83, 830
700, 651
855, 929
716, 394
74, 092
660, 408
965, 552
816, 182
71, 129
699, 508
903 864
743, 296
71, 795
672 482
902, 695
689, 298
88, 238
649, 044
867, 034
712, 906
82, 343
685, 369
844
704
73
649
966
301
470
687
875, 471
729, 286
74, 077
675, 135
117, 530
' 80, 312
51, 187
112, 000
70, 595
44, 685
119, 977
74, 937
49, 225
114, 138
63, 930
50, 192
91,053
41, 935
16, 366
128, 412
80, 881
55, 497
119, 797
75, 725
50, 255
144, 144
121, 900
97, 840
136, 373
95, 008
68, 058
118, 479
135, 172
150, 661
115, 598
66, 067
41, 363
119, 385
75 895
49 244
123, 697
76, 639
854.2
716.8
71.4
783.1
71.1
38.9
872.7
738.6
69.1
799.7
73.1
40.7
855.1
719.1
71.5
793.5
61.6
30.2
871.3
728.5
77.9
795.4
75.9
44.0
818.4
682.7
73.9
774.8
43.6
12.9
854.3
712.2
74.8
806.5
47.8
16.0
873.2
734.3
74.4
793.9
79.3
49.5
897.0
751.2
72.7
818.2
78.8
47.2
907.1
745.5
75.1
818 0
89.1
56.3
925. 4
727.0
86.6
778.7
146.7
113.9
59, 069
1.325
2,718
56, 908
1.337
2,583
58, 764
1.342
2,638
56, 643
1.323
3,093
53, 284
1.333
3,190
60, 017
1.326
3,287
58, 131
1.298
2,918
61 838
1.374
2,718
56 740
1.369
2,697
52, 664
1.372
3, 354
54 700
1. 367
3,089
54 089
8,250
4,660
3,590
9,299
5,216
4,083
10, 161
5,980
4,181
10, 060
5,725
4,334
2,713
1,237
2,668
1,360
2,695
1,286
2,632
1,170
2,599
1,280
2,774
1,179
2,685
1,210
2,729
1,289
2,571
907
2,915
1,205
2 637
1,004
2 619
1 Oil
3 115
1, 130
5.83
214
6.36
82
244
6.79
81
251
6.32
81
252
6.03
75
219
6.68
79
243
6.58
83
246
6.79
85
244
6.83
77
243
6.18
65
218
6.37
77
242
6.39
79
240
6.24
77
225
63, 969
64, 845
1,661
15,360
26, 113
376
60, 854
57, 982
1,686
14, 537
30, 227
541
61,413
57, 981
1,809
17,945
35, 678
920
68, 967
82, 696
2,211
23, 605
39, 653
2,107
74, 203
86, 087
95, 978
75, 493
86, 849
51, 862
65, 535
46, 549
51,315
44, 084
53, 587
52, 188
50, 857
54, 537
17, 943
27, 411
3,547
18, 020
24, 670
3,474
19, 001
17,398
1 681
25, 847
19, 602
842
28, 347
18, 364
353
26, 501
17, 592
216
24, 862
27, 374
267
27 806
336
883
9,264
805
8,500
766
8,075
850
10, 363
766
9,299
787
9,531
785
9,567
794
9,663
788
9,579
780
9,531
985
12, 072
886
10 808
319, 021
185,045
111.979
222, 296
41, 444
39, 029
312, 404
184, 934
105, 507
216, 413
41, 242
39, 213
318, 790
185, 965
110, 775
226, 647
40, 391
39, 406
318, 428
186,604
109, 396
222, 998
40, 418
39, 555
317, 948
185, 072
110, 185
232, 641
35, 505
39, 707
326, 328
187,231
116, 208
235, 864
37, 815
39, 889
320, 205
188, 477
108 331
225, 658
29 429
40, 066
335, 579
194, 221
117, 636
238, 005
38, 970
40, 279
334, 449
196, 380
113, 990
235, 785
39 647
40, 451
341, 381
199, 422
117, 526
242, 793
40 855
40, 679
339, 151
198, 907
115 814
240, 030
39, 077
40, 127
16, 391
13, 996
1,521
15, 014
13, 282
882
16, 235
14, 199
1,157
16, 072
14, 033
1,173
15, 422
15, 127
*669
16 360
15, 057
456
15 725
14, 623
371
17 173
15' 009
1,395
16 120
14' 679
720
17 423
15' 548
1,317
16 789
15, 191
717
15 870
14 328
716
2,326
1,683
427
2,215
1,638
364
2,227
1,736
267
2,149
1,693
241
2,082
1,768
106
2,142
1,712
224
2 184
1,674
315
2 366
1,665
509
2 235
1,669
378
2 448
1,730
517
2 199
1,752
236
2 114
1 733
192
2,476
1,954
409
2,350
1,895
332
2,491
1,968
394
2,456
1,982
347
2,375
1,974
283
2,455
1,984
365
2,453
1,946
400
2 569
2,022
441
2 532
2,036
388
2 726
2,156
495
2 669
2,099
443
2 510
2,013
372
202
147
150
62
241
53
157
2,387
r
r
T
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 in del
same month 1929=100__
Foreign travel:
U. S. citizens, arrivals. 1
__number_.
U S. citizens, departuresd
do
Emigrants
do
Immigrants
do
Passports issued
_
_
do
National parks visitors
thousands
Pullman Co.:
Revenue passenger-miles
_ millions
Passenger revenues
thous. of dol__
r77
COMMUNICATIONS
Telephone carriers:©
Operating revenues
thous. of dol__
Station revenues
_.do
Tolls, message
do
Operating expenses, before taxes
do_ _.
Net operating income
do
Phones in service, end of month_
thousands__
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol
Operating expenses, incl. depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
___ _
__do
Radiotelegraph:
Operating revenues
_
do.
Operating expenses, incl. depreciation
do....
Net operating revenues
do
332
196
110
231
39
40
' Revised.
*> Preliminary.
<* Deficit.
J Revised data for February 1951, <* $3,412,490.
§ Discontinued by the compiling agency after December 1951.
cf Data exclude departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.
©Data relate to continental United States. Beginning January 1952, data for several small companies, not previously covered, are included.
063
952
319
914
702
314
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1951
March
April
May
June
July
1952
August
September
October
November
December
January
February
March
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Ammonia, synthetic anhydrous (commercial)
146, 664
155, 913
132, 158 146, 592
156, 692
161, 681
151, 632
146,915
147, 508
158, 848
147, 560
147, 289
short tons
4,092
6,792
900
6, 566
6,196
5, 342
Calcium arsenate (commercial)
thous. of lb__
0)
0)
0)
0)
0)
0)
65, 421
64, 514
68, 170
69, 730
69, 095
62, 557
65, 310
67, 255
71, Oil
72, 178
67, 788
60, 225
Cilcium carbide (commercial)
short tons
Carbon dioxide, liquid, gas, and solidQ
94, 162
' 84, 392 ' 99, 152 ' 131, 068 ' 130, 473 ' 140, 799 ' 157, 590 r 127, 406 ' 108, 103 r 84, 823 ' 82, 105 ' 88, 124
thous oflb
209, 024
202, 693 210,477
215, 570
200, 298
212, 083
219,250
215,729
224. 250
228, 949
230, 271
Chlorine, gas
short tons.- 207,106
58, 461
57,072
57,111
56, 881
58,019
57, 043
56, 005
59, 920
59, 639
58, 222
' 60, 191
57, 467
Hydrochloric acid (100% HC1)
do
4, 672
2, 670
1,838
818
3,194
318
3, 100
1. 152
3,970
0)
I cad arsenate (acid and basic)
thous of Ib
0)
0)
124, 402
118, 132
115, 286
115, 398
132, 286
129, 876
124, 304
125, 732
133, 790
135,516
123, 996
140, 976
Nitric acid (100% HNOs)
short tons
1,812
1,
748
2,004
1,863
1,829
1,819
1,799
1,934
1,967
1,938
2,
019
1,824
Oxygen (high purity)
mil. of cu. ft
152, 577
141, 828
157, 086
147,392
157,760
163, 673
151, 677
154, 060
153, 432
153, 463 '151,922
163, 038
Phosphoric acid (50% HsPO^
short tons
Soda ash, ammonia-soda process (98-100%
434, 399 434, 892
439, 773
458,217
374, 204
337, 710
389, 487
430, 622
367, 380
403, 028
419, 987
NasCCh)
short tons_- 461,412
r
q 7^2
11,321
11,858
11,011
10,388
12, 171
10, 276
11, 276
10, 550
11 224
10. 660
10 966
Sodium bichromate and chromate
do
262, 881
252, 169
252, 282
272, 799
247, 734
258, 596
275, 224
269, 387
259, 727
256, 713
263, 320
262, 683
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhy47, 602
45, 132
41,210
43, 599
53, 338
49, 485
48,116
43, 268
42, 666
45, 705
35, 730
46, 978
drous)
short tons
Sodium sulfate, Glauber's salt and crude salt
83, 339
77, 452
81,196
67, 363
69, 408
79, 517
80, 037
81,120
75, 057
72, 396
72, 078
74, 974
cake
short tons
Sulfuric acid (100% H 2 SO 4 ):
1, 172, 100 1,133,353 1,151,068 1 , 066, 421 1,077,216 1 , 074, 257 1,046,075 1 ,099.964 n, 130,831 1, 179, 263 '1,165,356 1,131,674
Production
do
Price, wholesale, 66°, tanks, at works
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
19.90
20.00
20 00
dol per short ton
Organic chemicals:
Acetic acid (synthetic and natural), production
43, 224
42, 176
39, 457
35, 262
43, 069
34, 874
39, 309
30, 261
37, 952
37, 711
40, 778
thous of Ib
43 767
88,816
84, 358
82, 968
85, 553
86, 343
67, 032
86, 070
71, 798
45, 887
86, 306
59, 358
85' 593
Acetic anhydride production
do
r
1,078
1,283
1,013
1,007
945
952
1,056
1, 046
1,073
799
1,185
Acetylsalicylic acid (aspirin) production do
1, 134
Alcohol, ethyl:
46, 173
35, 722
37, 740
35, 767
40, 945
42, 421
47, 336
39. 732
35, 563
40, 477
42, 253
44 599
Production
thous of proof gal
91, 087
65,982
71, 001
99, 684
103, 927
101, 740
89, 377
94, 645
91, 184
94, 742
101, 244
107 722
Stocks total
do
In industrial alcohol bonded warehouses
72, 221
62, 087
74, 411
59, 568
71, 103
68, 465
59. 298
61, 803
58, 971
77. 190
58, 960
thous. of proof gal__
73, 525
18, 866
8,914
25, 273
30, 636
6,414
37, 462
30, 079
24, 054
29, 381
35, 673
35, 782
34, 196
In denaturing plants
do
52, 914
52, 564
43, 611
39, 924
39, 879
43, 362
45, 582
42, 072
44, 935
43, 655
48, 919
42 509
Used for denaturation t
clo
1,721
2,051
1,178
3,595
2,952
3,016
3,161
2,417
2,258
1,992
1,788
Withdrawn tax-paid
do
3,033
Alcohol, denatured:
28,
204
21,421
28, 063
21,438
23, 322
23, 723 r 24, 415
22, 464
23, 348
24, 060
26, 106
Production
thous. of wine gal_.
22, 757
21,993
27, 498
22, 392
23, 740
27, 232
24, 186
22, 381
20, 448
21, 944
24 752
Consumption (withdrawals)
do
21 030
21 388
8,714
8,944
8,795
10, 252
6,645
7,477
9, 762
2,517
8, 333
10, 476
Stocks
_do _.
10 875
13, 608
12, 051
12, 971
12, 708
11, 186
11,822
12, 301
12, 997
11, 293
10 635
11, 677
Creosote oil production
thous of gal
11 783
11 559
5,441
9,235
8,144
10, 463
5,697
7,315
6,479
3,887
4,359
9,307
4 160
Ethyl acetate (85%) production
thous. of lb_
6,134
Glycerin, refined (100% basis):
High gravity and yellow distilled:
7,882
7,603
6,061
5,529
5,129
6,314
4,849
8,635
3,661
6,192
Production
thous. of l b _ _
5,416
5,647
7,541
8,211
6.072
5, 677
6, 718
7, 173
7,591
5,087
6,405
6,976
5, 798
5,521
Consumption. __ __
_ _. ._ _.do
14, 735
15, 556
15,623
19, 026
18, 820
18, 664
15, 284
18, 644
1 7, 297
16, 219
16, 165
Stocks
do
17, 447
Chemically pure:
10, 540
13, 299
11,098
11,747
10, 575
11, 078
9,681
14, 326
6,970
Production
do
11, 529
10, 676
11,113
6,714
7,874
7,473
8,263
7,305
7, 003
8,423
6,324
6,407
Consumption
_. ___ ___do_ __
7,976
6,947
7,219
26, 524
27, 411
25, 943
27, 399
26, 884
27, 787
24,914
25, 483
26, 046
26, 582
24, 883
Stocks
do
26 685
Methanol, production:
172
193
159
160
175
180
176
180
115
174
192
Natural (100%)
thous. of gal
173
15,431
16, 503
14,614
15, 950
15, 278
14,759
17, 224
15. 349
14, 845
15, 536
14, 226
Synthetic (100%,)
do __
13, 756
21, 141
21, 773
19, 926
18, 883
21, 437
19, 678
22, 114
21, 524
20, 694
21, 241
18, 844
Phthalic anhydride, production
thous. o f l b
19 462
41, 129
95, 360
54, 937
40, 423
40, 922
1,861
21, 914
21, 491
14, 035
6,745
5,617
18, 104
11, 704
7,398
28, 107
FERTILIZERS
994
285, 768
27, 532
238, 165
7,286
509
217, 760
23, 433
176, 300
8,812
302
349
300, 139
25, 762
262, 569
297, 010
13, 139
259, 668
11, 585
282, 314
259, 450
283, 809
Imports, total_
__
do
212, 781
226, 829
165, 929
Nitrogenous materials, total
do
94, 291
74, 451
98, 278
Nitrate of soda
do
8,918
12, 034
7,936
Phosphate materials
_
do __
31, 105
23, 122
63, 701
Potash materials
_ _ _ do __
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
53.50
53.50
port warehouses
dol. per short ton__
53.50
115, 369
110, 777
Potash deliveries
short tons__ 128, 661
Superphosphate (bulk)-d1
•1,106,445 •1,057,492 '1,036,724
Production
do
Stocks, end of month
do
'1,119,928 r 938, 648 ' 832, 284
215, 065
137. 981
74, 874
14, 594
47, 929
151, 837
79, 692
33, 065
7,871
52, 158
53.50
101, 663
53.50
53.50
106, 134
112, 498
Consumption (14 States) §
Exports, total __
Nitrogenous materials
Phosphate materials
Potash materials
thous. of short tonsshort tons
do
do
do
1,407
' 1, 608
244, 818
209, 649
17, 176
15, 430
201, 917
177, 554
13, 407
8,399
r
T
9,049
194, 530
128,011
58, 487
17,154
37, 152
494
235, 053
16, 570
183, 344
14, 197
708
315, 160
26, 483
267, Oil
8,854
742
220, 305
27, 772
130, 159
6,772
604
217, 188
27, 632
152, 980
5,433
1,153
201, 552
20 560
154 761
9,056
r
1, 348
214, 991
28 77 n
161 770
7,619
147, 137
89, 105
41, 768
10, 798
37, 708
190, 238
121, 334
53, 401
1,962
54, 721
155, 601
105, 877
36, 395
9,210
28, 131
168, 737
101. 457
41 780
14, 797
44 934
315, 524
247, 554
54 651
8 588
50 133
269, 647
165 806
72 814
17 751
69 518
53.50
113, 326
53.50
114, 311
57.00
119, 074
57 00
121, 535
57 00
114 903
57 00
123 582
1,827
140 625
877, 081 ' 822, 116 ' 850, 009 ' 811, 543 ' 923, 966 ' 954, 651 ' 893, 639 962, 247 '1,033,449 1, 099, 852
919, 900 '1,095,216 '1,240,213 '1,268,280 '1,245,504 '1,183,481 '1,163,982 '1,293,588 '1,217,295
953, 481
NAVAL STORES
Rosin (gum and wood) :
569, 450
Production, quarterly total
drums (520 Ib.) 433 180
579, 940
507 600
558, 580
601, 000
665, 530
Stocks, end of quarter
do
748 700
Price, gum, wholesale, "WG" grade (Sav.), bulk
8.90
8.90
8.90
9.07
dol. per 100 lb__
8.90
8.33
8.23
8.67
9.40
9.40
9.40
8.05
Turpentine (gum and wood):
193, 220
195, 260
Production, quarterly total
_ bbl. (50 gal.)__ 141, 200
167, 540
152, 490
128, 760
Stocks, end of quarter
do
179,300
197 630
.92
.92
.79
.78
.75
Price, gum, wholesale (Savannah) __dol. per gal_.
.68
.73
.80
.80
.80
.76
.80
' Revised. 1 Not available for publication. JRevised data for January-October 1950 are available upon request. O Re vised beginning January 1951 to exclude amounts produced and
consumed in the same plants manufacturing soda ash; revisions for January and February are 71,162,000 and 64,769,000 pounds, respectively.
fRe vised series. Data shown prior to the November 1951 SURVEY represent alcohol withdrawn for denaturation.
§ Figures exclude data for Virginia; effective January 1951, this State reports quarterly. Data for Virginia (thous. short tons): 1951—-January-March, 296; April-June, 286; July-September
91; October-December, 111; 1952—January-March, 322.
cf Revisions for January and February 1951, respectively (short tons): Production—994,139; 974,111; stocks—1,207,228; 1,193,211.
SURVEY OF CURRENT BUSINESS
May 1052
S-25
19 51
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
May
June
July
1952
August
September
October
November
December
January
February
1,164
53 297
1,325
55 512
1, 193
59 669
March
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
Sulfur:
Production __
Stocks
_ _
thous. oflb_do _
985
54, 277
936
59,128
743
63, 285
787
60, 687
768
56, 451
946
65 264
1,276
62 425
1,610
68 033
1,591
62 244
842
57 659
421,116 458, 025
4.53, 685 419,312 438, 843
.long tons448, 842
462 701
433 871
435 828
412 481
459 805
418 655
445 014
do ___. 2, 796, 784 2, 750, 305 2, 711. 267 2. 719, 821 2, 669, 635 2 665 801 2 754 129 2 782 423 2 805 902 2 837 432 2 851 214 2 883 571 2 850 666
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:t
Animal fats:
318,211 308, 408 326, 209 308 257 279 284
297 887
Production
thous. of Ib
281 549
378 755
417
530
327 893
398 619
148. 635
117,406
72, 754
Consumption factory
_ _
do _
117.213
101, 144
103 387
191 909
98 302
96 644
116 096
112 690
266,
213
Stocks, end of month
_ do
261. 037
266, 198
273, 320 277, 129
327* 037
258 887
270 761
303 436
269 893
261 850
Greases:
51, 696
48, 086
54, 892
Production
_
do_
52 630
47, 222
56 659
58 919
54 642
46 862
49 801
58 013
55, 344
47, 750
40,841
Consumption, factory
do
48,118
28,110
41.551
45, 248
46. 782
42, 189
44, 277
42, 855
82. 568
86, 779
94 507
Stocks end of month
do
110 682
101 780
113 378
104 574
103 801
113 712
103 919
100 465
Fish oils:
716
9,189
Production
do
890
19. 082
25, 463
18, 789
25 240
16 612
2 305
900
2 297
13, 634
10 194
Consumption factory
do
10, 443
8 925
9 903
11. 543
9 089
9 840
10 918
11 508
11 477
54, 817
45, 921
62, 053
79, 494
75,111
Stocks, end of month cf
_ _ _ _
-do
97 846
104 219
82 084
109 630
102?Q99
96' 437
Vegetable oils, oilseeds, and byproducts^
Vegetable oils, total:
501
428
420
Production crude
mil. oflb
371
330
584
440
396
552
616
604
518
434
Consumption crude, factory
do
398
342
277
529
358
377
484
487
478
Stocks, end of month:
1, 055
1, 051
1, 062
1 028
1 279
1 9r005
1 021
1 026
1 202
1 251
Crudecf
do
1 100
410
455
442
400
329
504
Refined
do
)5
250
436
292
368
47, 188
Exports
thous. o f l b
61.234
61 065
97 151
39 913
83 367
63 880
74 267
58 618
52 833
83 S43
46, 727
36. 723
30 308
Imports, total
_ _
do
45, 093
27 157
39 332
33' 087
19 636
36 391
35 813
28' 433
5, 036
Paint oils
_ _ _ _
do
4, 619
1 , 674
2, 285
2 869
1 886
2' 4 1 5
1 245
3 9«9
442
41, 691
32, 104
All other vegetable oils
do
37 415
28 634
24 872
37 446
18 391
32 402
26 01Q
30 218
35 371
Copra:
37, 616
Consumption factory
short tons
33, 340
38 365
26 769
29 539
29 807
22 047
28 8^9
37 219
37 297
35 774
95 4 £ 9
30, 386
34. 241
26 334
Stocks, end of month
_ _ do _
22, 926
20, 732
21 ' 161
21 546
27 4Q2
21 ' 643
21 063
41, 987
28, 100
Imports
- do _
31, 621
21,716
29, 661
34
681
41
Oil
35' 147
31 978
46' 183
31 787
Coconut or copra oil:
Production:
48. 080
37 410
Crude
th ous „ o f 1 b
42 026
49 264
35 112
27 903
36? 929
37 492
48 133
44 976
47 179
31, 844
26 499
24' 983
Refined
_. ._ _ _ d o
28, 277
23 224
22 714
17 645
28 028
31 ' 625
2ft' 578
28 270
Consumption, factory:
39 710
56, 197
Crude.
_ do
48, 214
45 747
39 206
36 159
28 911
44 475
39 645
47 698
45 564
25 348
27, 784
24 108
22 459
Refined
do
27 626
25 060
20 254
15 631
22 336
27 486
27 305
Stocks, end
of month:
1
103, 572
101,745
106, 153
94 075
85 024
82 279
92 073
Cruder?
- - do
74 804
61 932
85 006
84 528
12, 813
Refuied
__
_ _
do
10.239
10,336
8, 469
9,322
8 839
9 863
7 207
6 995
8* 342
6*809
13, 336
12 696
Imports
do
9 493
7 018
12 645
7 173
5 701
3 825
3 899
9 718
5 36^
Cottonseed:
37
Receipts at mills _
thous. of short tons 15
24
15
1 587
322
I 006
1 054
598
68
556
|OQ
229
Consumption (crush)
- do
164
117
96
72
541
653
688
776
838
Stocks at mills, end of month
_ „ _. _do
393
244
1 935
142
70
1 881
1 705
1 515
66
935
422
Cottonseed cake arid meal:
9
106,323
74,216
Production
_ short tons
48,437
43, 989
361 949
250 12
319 884
32 880
303 841
387 447
92 222
Stocks at mills, end of month
_
_ -do . _.. 130,717
105, 949
94, 795
89, 767
71 , 645
70, 841
72 854
60 316
55, 430
56 737
57' 343
Cottonseed oil, crude:
77, 628
54. 719
38, 305
34, 127
Production
thous. oflb-..
206, 005
244, 053
24. 271
1 66, 505
257, 819
218,547
60. 200
60. 610
Stocks, end of month
__
_ ..
do
48, 528
30, 018
22, 329
152, 672
186, 292
188, 644
20, 121
90, 010
184.843
29 133
Cottonseed oil, refined:
24 446
95. 400
54 149
65, 744
Production
do
35 473
182 865
96 085
173 896
186 793
185 037
40 499
76.811
63 388
Consumption, factory
do
62, 876
64 121
Q7* 73 5
63 465
100' 550
122' 100 118 578 135 296
1°5'()71
23.497
19, 644
In oleomargarine
._
do
18,355
19. 203
32 583
44 497
36 8! (')
35 335
21,210
3()' 583
35 858
226. 525
Stocks, end of month
do
220, 997
194,120
231, 652
147, 024
154,868
102.715
225, 137
279, 881 i 336, 814
9S, 103
.323
.323
.305
.248
Price, wholesale, drums (N.Y.)*..__dol. p e r l b _ _
.241
.218
. 203
.217
.218
. 213
.220
Flaxseed:
Production (crop estimate)
thous. of bu
233 802
Oil mills:
Consumption
do
3, 739
3, 484
3.700
3, 376
3,149
2,298
2.810
3,022
' 2, 581
2,854
2, 943
4 429
6, 109
5 565
5 245
Stocks, end of month
do
5 579
5 844
6 407
3 654
7 098
3 259
6 831
4.89
Price, wholesale, No. 1 (Minn.)
dol. per bu__
4. 68
4. 33
3.68
4.54
3.42
4.56
3. 83
4. 1 0
3.41
4.40
Linseed oil, raw:
74, 953
Production
thous of Ib
67 511
70 002
74 079
,59 120
63 396
46
857
57 057
59 964
60 500
54
981
40' 462
Consumption, factory
_
__
do
68, 186
61, 588
60 826
59 405
44 027
42 363
52 359
46 173
46 650
50 091
Stocks at factory, end of month
do
601,736
005, 329
620. 535
623, 490 633, 674
652, 657
634! 748
6-M5. 184
652, 696
640. 760
638, 785
Price, wholesale (N. Y.) . . _ _ _dol. per Ib
]Q7
.240
169
235
201
209
212
242
181
159
210
Soybeans:
Production (crop estimate)
thous, of bu__
2 280 512
23 179
Consumption, factory
do _
24, 737
9] 556
21,918
17 842
24 046
21, 260
17 759
18 7Q7
23 036
14 791
53 983
62, 798
Stocks end of month
do
42 102
58 3^6
2° 706
50 901
68 0^2
4 °74
6 1 848
9 715
Soybean oil:
Production:
240, 426
212, 077
Crude
— thous. oflb
209, 264
176 839
176 357
234 386
221 400
187 910
148 658
214 799 224 834
Refined
_ _ _ _ _
. do
201, 472
180 217
163 260
139 124
120 79°
149 822
130 391
154 263
143 782
179 073
136 668
Consumption, factory, refined
, r - , , do
165. 942
141 076
157 851
134 597
116 315
147 351
197 916
159 187
148 240
134 518
136 660
Stocks, end of month:
19] 135
Crude
do
130. 692
124 800
qO 907
125, 870
107 383 116 683
107 993
230 950
197 346
164 699
Rpfined
do _
95. 790
129, 607
79 870
119 641
75 261
113 715
95 343
85 236
73 602
83 920
97 092
Price, wholesale, edible (N. Y.)
dol. per lb_.
.258
'.278
.199
.195
.225
.191
.206
!l79
!l65
!l90
2
r Revised.
1 Includes stocks owned by Commodity Credit Corporation.
2 December 1 estimate.
f Revisions for 1950 for production, consumption, and stocks will be shown later.
c?1 Beginning with September 1950, data included for sperm oil, crude palm, castor, and coconut oil are on a commercial stocks basis.
* New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
: 78i
r 388 109
121 614
329 625
367 470
119 944
325 955
58 217
42, 173
105 938
52 114
40, 075
100 536
169
8 578
r 73 295
298
0 429
73 055
r 522
509
4839
48
r I 287
1 27°
590
58
24
2
22
556
899
878
050
897
30 476
25 202
36 287
26 367
20 923
38 132
27' 987
33 176
30 494
42 364
25 099
45
222
9
6 797
82 143
9 103
1 767
81 387
9 013
T
163
1 180
55
433
802
r
253 208
56, 176
201 182
47 336
176, 041
174, 795
143, 727
162,209
r ,545
r
T
r
r
164 076
117,870
35, 023
'•383,410
.220
136 95r>
107 686
28 019
1
414, 276
. 190
2,243
5 547
4.23
2, 196
4 430
4. 16
44 020
41 734
659, 688
195
45 707
43 661
655, 932
r 20 985
r 49 428
14 818
49 708
222 247
180 696
168 379
218 381
183 469
165 193
240 510
103 120
.155
245 027
109 839
,150
SUEVEY OF CURRENT BUSINESS
S-26
May 1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
May
June
July
1952
August
September
October
November
December
January
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous. of Ib
Stocks (factory and warehouse) ... .. d o _ _ _
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)*
dol. per Ib
Shortenings arid compounds:
Production
thous. of Ib
Stocks, end of month
_. do_ .
91, 137
22, 987
71,393
20, 066
80, 344
17,959
70, 927
19,529
69, 436
17,451
85, 074
16,461
86, 286
17, 022
98,219
19,218
94, 979
17, 704
96, 240
18, 830
128, 145
17. 485
114,051
24, 951
r
.351
.351
.342
.326
.299
.291
.290
.290
.290
.289
.289
112,025
123, 554
98, 840
152, 844
106,416
80, 203
114,434
126, 290
104, 682
109, 636
97,018
136, 469
94, 231
131.721
93,110
116, 509
151, 602
86, 770
140, 550
128, 313
94, 405
113, 436
103,693
44,387
59, 306
9,743
106, ORO
96, 651
41, 786
54, 864
9,410
110, 639
100, 175
104, 690
94, 523
38,871
55, 651
10, 167
93. 504
84, 677
34, 604
50, 073
8,827
101,992
41,357
58,817
92, 251
38, 449
53, 802
9,741
88, 697
79, 721
33, 940
45, 781
8,976
97, 960
88, 505
39, 134
49, 371
9,454
83, 492
75, 731
34 406
41 , 324
7 761
69, 628
63, 199
28, 747
34, 452
6,430
2,986
6,215
807
1,252
39, 852
25, 162
21,460
37, 880
33,891
11,996
16, 563
3,261
6,707
2,895
2,892
6,274
3,062
5,766
2,699
5,204
645
2,668
4,440
2,431
4, 564
1,713
508
801
3,382
2 526
2,894
2,957
4,243
1,050
33, 054
30, 372
14, 561
39 154
26, 168
5 643
15 447
508
796
467
507
521
734
41, 142
29, 534
16, 179
41 898
27, 394
6 546
16 146
35, 859
28, 620
14, 343
40 596
26 048
6 883
14 920
28, 970
26, 467
12, 961
42 028
24 929
6 729
15' 169
31, 652
27, 395
1
16 005
43 446
r 28 616
r Q 592
15 860
28, 869
26 518
14 933
39 245
28 021
7 855
13 163
101,441
96, 762
21, 655
.259
.259
131,040
91,890
12S 912
89, 120
PAINT SALES
Paint, varnish, lacquer, and filler, total
thous.
Classified, total.
.
Industrial
Trade
Unclassified
of dol
do
do
do
do
10, 464
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 _ _ d o _ _ .
Other cellulose plastics
do
Phenolic and other tar acid resins__ _ _ -do. _
Polystyrene
do
Urea a n d melamine resins
_ _ _ _ _ do _
Vinvl resins §
do
Alkvd resins §
do
Rosin modifications
do
Miscellaneous resins §
do
695
1,044
37, 586
25, 498
22, 342
39, 260
32. 576
10, 805
14, 040
6,100
726
749
887
1,152
39, 532
27, 236
18,475
39, 734
32, 008
9, 433
16, 140
37,112
27,115
17, 046
39, 209
32, 176
6,914
15, 661
33, 671
30, 492
13, 823
39, 531
28, 514
6,434
12, 523
398
1,153
32, 477
32, 279
16,218
39,111
30, 347
4 601
15, 030
615
919
r
1 915
4 178
508
792
ELECTRIC POWER AND GAS
ELECTRIC POWER J
Production (utility and industrial), total
34, 431
mil. of kw.-hr._
36, 172
29, 293
30, 920
Electric utilities, total..
_ _ _ _ _ _ d o _ __
20, 283
21, 699
By fuels
do
9,010
9,221
P>y water power
do __
Privately and municipally owned utilities
25, 246
26, 551
mil. of kw.-hr__
4,048
4,369
Other producers
do
5,138
5, 252
Industrial establishments, total
do
4, 683
4,843
By fuels
do
455
409
By water power..
_
do .
Sales to ultimate customers, total (Edison Electric
'
26,
002
'
26,
149
Institute) J
mil. of kw.-hr
Commercial and industrial:
r
4.
567
r
4,
568
Small light and power
_ _.do_ _'12,873 '12,876
Large light and power
_do
497
-547
Railways and railroads
_
do
r
6, 384
' 6, 633
Residential or domestic
_
do_
724
"•545
Rural (distinct rural rates)
_ _ _ _ _ do
'278
'250
Street arid highway lighting _
do_
r
657
' 655
Other public authorities
_ _ _
do_
47
50
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute) t
- -thous. of dol_ ' 462, 577 ' 458, 908 '
35, 136
29, 871
21,334
8,537
34, 966
29, 840
21,819
8,021
35, 435
30, 392
22, 1 1 1
8,281
37, 510
32, 326
24, 510
7,816
35, 296
30, 275
23, 239
7,036
37, 775
32, 441
24 893
7,548
37, 313
32, 095
24 017
8 079
38, 459
33 143
24 Oil
9 132
39, 710
34 203
24 302
9 901
36, 768
31 536
22 075
9 461
38, 568
33 040
22 597
10 443
25, 852
4,019
5, 265
4, 836
429
25, 778
4, 062
5,126
4, 736
390
25, 974
4,418
5,042
4,701
341
27, 638
4,689
5, 184
4,861
322
26, 197
4 078
5,020
4,722
299
28, 224
4 217
5 334
4,993
341
27, 934
4 if,i
5 217
4 872
345
28, 534
4 609
5 316
4 896
420
29,006
5 197
5 507
5 042
465
26,717
4 819
5 232
4 766
466
27, 647
5 393
5 529
5 022
506
25, 467
r
25, 709
25, 663
26, 725
4,482
12, 937
465
r
5, 950
'707
231
648
47
4,683
' 13, 098
441
r
5,812
T
774
216
637
47
4,875
12, 729
422
5,779
952
223
637
47
5,012
13, 493
427
5,810
1,030
245
669
40
457, 799
469, 300
451, 676 ' 456, 164
' 26, 777 ' 27, 114
' 27, 481 ' 28, 263
29, 217
' 5, 030 '4,813
13,321 '13,919
446
'413
r
6, 065
' 6, 186
980
720
'269
302
'686
'659
40
42
' 4, 861
4,976
' 13, 779 ' 13, 704
527
475
'6 712 ' 7, 447
577
' 521
325
347
699
' 713
39
43
5, 124
13, 797
523
8 170
503
348
717
35
' 476, 635 ' 477, 724 ' 488, 495 ' 501, 349
522, 258
r
GASf
Manufactured and mixed gas (quarterly) :
Customers, end of quarter, total
thousands
Residential (incl. house-heating)
. do_
Industrial and commercial
do
Sales to consumers, total
mil. of therms _
Residential
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of doL
Residential (incl house-heating)
do
Industrial and commercial
do
Natural gas (quarterly) :
Customers, end of quarter, total
_ thousands
Residential (incl. house-heating),.
do
Industrial and commercial
do
Sales to consumers, total
mil. of therms
Residential (incl. house-heating).
do
Industrial and commercial
do
Revenue from sales to consumers, total. _thous. of dol. _
Residential (incl house-heating)
do
Industrial and commercial
do
8,981
8, 362
613
1,144
794
332
8,840
8,228
606
817
503
302
8,230
7,667
557
594
315
269
8 044
7,491
549
829
522
290
175, 832
130 335
44, 023
132, 496
95, 332
36, 057
101, 899
71 134
29 906
127,909
92 138
34 338
15, 503
14, 204
1,282
13, 333
5,924
7,112
555, 071
360 834
187,619
15, 697
14, 431
1,249
10, 484
3, 009
7,125
382, 063
205, 054
170, 256
16, 192
14, 923
1, 251
8,666
1,257
6,988
269, 807
107, 811
154, 061
17,178
15, 782
1 378
11, 532
3,728
7, 413
452, 637
255 866
188, 563
' Revised. *New series. Compiled by U. 8. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
§ See note "1" in the February 1952 SURVEY and earlier issues regarding changes in classification and coverage beginning with data for January 1951.
I Unpublished revisions for January-July 1950 for electric-power production will be shown later. Revisions for January and February 1951 for electric-power sales and revenue are as follows
(units as above): Sales—total, 26,773; 26,044; small light arid power, 4,746; 4,664; large light and power, 12,723; 12,376; railways and railroads, 574; 527; residential, 7,229; 7,017; rural, 473; 476; street
and highway lighting, 318; 281; other public authorities, 666; 661; interdepartmental, 44; 42; revenlie-— 477,673; 469,373.
t Revised data. All sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms and minor revisions for customers and
revenue for 1932-44 will be shown later. Revisions for the first 2 quarters of 1950 are shown in the corresponding note in the October 1951 SURVEY.
SURVEY OF CURRENT BUSINESS
May 1952
S-27
1<>51
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
May
June
July
1952
August
September
October
November
December
January
February
Maich
FOODSTUFFS AND TOBACCO
i
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 cf
thous. of proof gal__
Whiskv
_ do__
Wines and distilling materials:
Sparkling wines:
Production
thous. of wine gal
Tax-paid withdrawals.. ._
do
Stocks end of month
do
Imports
„
do
Still wines:
Production
do
Tax-paid withdrawals
do
Stocks end of month
___ d o _ _
Imports
do
Distilling materials produced at wineries do
7,514
6.675
10, 334
7,481
6,453
10, 921
8,410
7, 703
11, 108
8,959
8,182
11, 344
9,009
8,480
11, 383
8.997
8,886
10, 930
7,032
6,995
10, 522
6,841
6,732
10,211
6,142
6, 410
9,506
6,284
6,077
9,240
6,967
6,442
9,307
6,601
5, 601
9,897
7,328
6,099
10, 662
35, 339
28, 620
27, 893
25, 832
18, 774
16, 376
22, 214
34, 768
28, 840
19, 382
17, 026
15 546
15 009
15, 108
10, 280
843, 251
1,387
11, 674
5,321
865, 207
1,277
13, 035
7,002
884, 516
1,309
13, 226
7,273
901, 106
«• 1, 463
12, 615
7,021
910, 339
1,345
14, 688
8, 664
915, 424
1,327
16, 877
11, 252
914, 577
1,766
22, 403
15, 671
911,925
2,557
15, 958
11, 058
917, 249
1,877
19, 427
7, 746
925,197
1,696
12, 038
6,592
932, 563
1,254
12, 459
7,746
936, 386
1,210
9, 757
940, 071
19, 979
6, 115
720, 713
1,247
14, 727
3,081
731, 674
1,155
15, 912
3, 713
742, 589
1,209
13, 273
3,640
751, 233
1,368
9,763
3,686
755, 774
1,243
6,905
5,002
756, 411
1,219
8, 158
6,887
755, 457
1,628
10, 322
9,129
755, 041
2,209
10, 831
6,679
756, 521
1,714
10, 463
4, 682
760, 803
1,516
9,548
4,095
765, 029
1,129
9,114
4,645
768, 047
1,102
8,648
5, 536
768, 745
8,448
7,269
4,842
3,835
6,066
5,236
5,915
5, 243
6,431
5,837
7,843
6,904
10, 375
9,501
12, 609
11, 242
9,518
8,502
7.349
6,516
5,094
4,348
6,052
5,394
7, 060
6,174
68
78
1,306
39
195
53
1,437
38
180
82
1,525
36
117
84
1,550
50
59
56
1,546
33
149
71
1,617
38
67
95
1,585
43
46
133
1,484
72
80
T73
1,385
115
118
173
1,316
98
141
76
1,365
41
59
56
1,352
27
2,301
10, 609
158, 360
388
1,347
1,367
8,894
150, 513
412
926
1, 565
8,409
142, 762
398
467
1,212
8,207
133, 978
363
417
1,036
6, 969
127, 386
260
602
4,102
8,573
120, 474
259
8,732
29, 039
9,879
139, 168
269
73, 107
77, 369
11,515
210, 588
424
150, 884
39, 076
12, 230
237, 581
538
87, 335
8,393
10, 877
231, 616
605
25, 981
2,892
10, 702
222, 662
391
6,654
1,368
10 627
210, 209
292
526
93, 400
33, 378
.671
103, 585
32, 207
.670
133, 425
42, 590
.701
142, 305
72, 598
.686
133, 775
104, 405
.675
120, 185
116, 790
.673
95, 900
113,501
.682
87, 815
94,611
.707
67, 515
59, 349
.740
69, 945
27, 051
.791
77, 435
13, 874
.803
'r77, 250
7, 879
.845
91, 295
65, 495
155, 095
130, 655
4,477
102, 405
76, 295
169,822
144, 441
3,212
133, 755
103, 625
197,412
169, 553
2,639
143, 350
113, 520
234, 608
204, 009
2,757
127, 175
101, 505
262, 540
227, 199
2,454
111,005
86, 855
269, 564
233, 788
7,419
91, 945
69, 965
272, 053
239, 500
3,588
82, 445
59, 005
259, 425
229, 561
3,288
64, 750
42, 970
232, 968
204, 683
4,095
65, 480
43, 130
222, 136
194, 784
3,863
.437
.407
.414
.420
.408
.420
.410
.424
.431
.449
.444
.436
22, 000
4,200
257, 900
22, 225
4,200
290, 400
36, 000
5,700
388, 500
34, 850
6,200
371, 900
23, 750
4,900
315, 300
20, 475
4,375
264, 000
15 950
4,200
197, 000
14, 875
4, 250
166, 500
12, 350
4,650
133, 500
14 750
6,190
141, 700
13, 600
6,550
157, 000
14 100
6 025
164, 850
18 000
7 400
205, 000
9,455
92, 258
8,298
149, 041
8,527
283, 708
8,796
426, 747
7,905
524, 514
7,171
543, 438
5 878
501, 412
6 957
448, 008
8,777
357, 311
9 185
225, 988
6 585
140, 611
7 388
74 505
8 237
76 443
1,720
13, 874
2,961
22, 487
3,306
24, 368
5,664
32, 587
2,466
15,596
3,195
27, 617
2,616
26, 573
1,463
12, 590
1,124
4,277
1,262
6,048
6,856
5,731
3,215
7 025
10.80
6.16
10.80
6.16
10.80
6.16
10.80
6.14
10.80
6.12
10.80
6.09
10.80
6.05
10.80
6.08
10.80
6 19
10.80
6 25
10.80
6 34
10 80
6 38
8, 528
3,060
5.30
'7,611
2,378
5.38
r
7, 797
2,477
5.43
8, 847
2,706
5.44
8 700
2 735
5.48
9 679
3 302
5.46
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
thous. of l b _ _
Stocks, cold storage, end of month
_ do __
Price, wholesale, 92-score (New York)_dol. per lb__
Cheese:
Production (factory), total t
thous. o f l b _ _
American, whole milk t
_ .
._ do_ __
Stocks cold storage, end of month, total
do
American, whole milk.
_ _ _ _ do.
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. perlb__
Condensed and evaporated milk:
Production: t
Condensed (sweetened):
Bulk goods
thous. of Ib
Case goods 0
do__
Evaporated (unsweetened), case goods-.-do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Prices, wholesale, IT. S. average:
Condensed (sweetened)
dol. per case..
Evaporated (unsweetened)
do
Fluid milk:
Production t
mil. oflb
Utilization in mfd. dairy products. _
do__
Price, dealers', standard grade
dol. per 100 lb__
Dry milk:
Production: t
,
Dry whole milk
thous. of Ib
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do_.
Nonfat dry milk solids (human food)
do __
Exports:
Drv whole milk
do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food) TJ S average
dol per Ib
r 9, 662
3,536
5.09
' 10, 215 ' 12, 164
3,937
5,101
5.05
5.01
"• 12, 212
5,334
4.98
* 11, 426
4,845
5.05
"• 10, 505
4,268
5.12
10.80
6.06
r
9, 145
3,407
5.20
r
68, 760
' 70, 540
r
47, 210
45, 810
193, 272 r 166, 040
167, 824 ' 142,945
4,895
3,385
92, 170
6,157
.738
86, 430
59, 070
154 369
132, 862
.429
14, 950
54, 675
15, 600
70, 600
15, 650
101, 100
14, 325
108, 400
13, 625
82, 050
9, 775
66, 900
7,150
45, 425
6,115
35, 825
4 125
25 930
5 955
35, 400
7,325
45, 250
6 900
50, 345
9 000
67, 900
14, 703
27, 125
15, 792
44, 233
19, 181
76, 457
22, 240
110, 408
24, 130
128,615
26, 325
125, 340
25, 511
109, 868
23, 288
82, 219
19,612
56, 548
17 917
42, 265
16, 765
29, 677
14 625
24 327
13 343
34 566
5, 085
12, 175
5,348
9,421
6, 301
20, 927
5, 369
24, 195
4,449
4, 196
2,835
2,675
3,836
2,139
5 598
2, 994
4 939
2,508
3 553
1,639
3 4^4
7,908
.144
.145
.146
.147
.147
149
147
150
151
152
156
6,613
18, 262
.137
r
159
FRUITS AND VEGETABLES
Apples:
i 112 935
Production (crop estimate)
thous. of bu
r
T
r
4,292
3,187
1,703
694
254
206
1 127
4 163
r 2 856
Shipments carlot
no. of carloads
3 637
r 2 047
2 449
1 992
12,
891
6,931
2,844
680
294
293
Stocks, cold storage, end of month__ -thous. of b u _ _
28, 375
7,684
28, 000
22,113
16,014 r 10, 753
6,047
r
T 7> ?27
12, 083
11,027
12, 691
10, 459
7,553
7, 195
Citrus fruits, carlot shipments
no. of carloads__
6,332
6,201
11, 839
11, 548 ' 10, 472
11,386
Frozen fruits, stocks, cold storage, end of month
361, 867
418, 666
thous. of l b _ _ 390, 646
531, 090
573, 708
610, 299
599, 766
571,229
489, 932
496, 386
465, 137 ' 471, 101 474, 914
Frozen vegetables, stocks, cold storage, end of
272, 111 270, 206
444 409 r 398 699
290, 321
3C9, 311
445, 724
month
thous. of lb__ 294, 223
515, 766
554, 175
592 076
498 340
349 887
Potatoes, white:
Production (crop estimate)
._ thous. of b u _ _
i 325 708
r i(5 378
23, 092
20, 847
21, 178
22, 596
12, 931
11 589
Shipments carlot
no. of carloads
12 373 r Ig ?89
19 079
18 556
22 043
23 964
Price wholesale, TJ. S. No. 1 (New York)
r
2.926
!
4. 005
4. 056
dol. per 1001b__
3.733
3.008
3.436
4.171
3. 865
4.736
5.540
6. 875
6. 660
6.025
r
Revised.
i December 1 estimate.
cf Figures beginning July 1951 exclude production of wines and vermouth; for July 1950-June 1951, such production totaled 99,000 gallons,
t Revisions prior to November 1950 are available upon request as follows: Beginning 1949 for butter, cheese, and nonfat dry milk solids; beginning 1950 for condensed and evaporated
milk and dry whole milk. Revisions for fluid milk (January 1940-February 1951) will be shown later.
O Figures beginning 1950 represent whole milk only; earlier data cover both whole and skimmed milk.
SURVEY OF CURRENT BUSINESS
S-28
May
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
May
June
July
1952
August
September
October
November
December
January
47, 423
48, 504
53, 987
1 254. 668
8. 039
February
March
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
59, 459
thous. of bu...
Barley:
Production (crop estimate)
do
8,801
Receipts, principal markets
..
_.do
Stocks, domestic, end of month:
27, 476
Commercial
do
* 89, 268
On farms
do
6.177
Exports, including malt
do...
Prices, wholesale (Minneapolis) :
1.738
No. 2, malting
dol . per bu . .
1.628
No. 3, straight
do
Corn:
Production (crop estimate)
Orindings, wet process
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
On firms
Exports including meal
Prices, wholesale:
No. 3, white (Chicago).
No 3 yellow (Chicago)
Weighted average, 5 markets, all
Oats:
Production (crop estimate)
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
51,689
48, 585
40, 444
9,703
6. 822
6.819
7,204
22, 135
12, 411
10, 200
11.518
24, 692
24. 585
23, 361
26, 353
26. 779
2. 582
5, 266
2. 548
28, 254
171.419
4, 056
27, 704
6, 532
24, 285
40. 196
3. 137
1,554
1.385
25 483
124.287
2,995
1.625
1.445
1. 517
1.365
1.388
1. 261
1.283
1.193
1.368
1.264
1.434
1.292
1.542
1 . 389
1.652
1.481
55, 126
9,710
9,481
7. 787
22,042 I
I
930
21,005
19. 160
78. 131
1 . 593
1.440
1.638
1.471
1. 549
1.407
1. 492
1.331
* 2. 941
9,238
34. 498
10. 858
44, 823
10,002
32, 248
10,486
27, 248
61.S49
1,067.8
3,829
10, 860
21.914
10, 769
2i; 155
9,604
21, 759
10,147
23. 800
9, 289
21 , 578
10,424
24, 565
10, 774
33, 948
.
do _ _
mil of bu
thous. of bu
71. 453
1.323.3
12,979
61 . 636
50. 939
32. 559
47, 299
63, 788
6,015
5,161
6, 158
51 , 394
1,919.3
10, 165
58, 785
6. 568
32, 785
312 9
4,188
38, 497
8. 895
42, 570
801 3
6. 985
35. 379
15,035
8,197
4, 364
dol. per b u _ _
. do
grades do
(2)
1.770
1.645
1 . 889
1. 799
1.703
1 . 870
1.774
1 . 688
1 . 721
1.617
(2!
1.764
1.667
1 . 854
1.794
1.705
1 . 795
1.801
1.712
1.798
1.782
1.709
1.762
1. 828
1.680
(2>
1. 926
1.699
(2)
1.913
1. 597
1.998
1.802
1.587
mil of bu
thous. of bu._
5, 605
8, 263
10, 137
7,923
9. 930
23, 302
15, 684
7, 503
9,224
i 1,316
9, 450
13,828
544,347
1, 190
.993
13.030
14,971
33, 213
1,103.455
227
543
.817
,856
31 , 507
28, 173
440
. 931
17.798
'
269
.794
27, 449
726
.980
14.889
257. 920
891
. 865
149
.918
504
1.071
T
Rye:
Production (crop estimate')
thous. of bu. .
Receipts, principal markets t
_
. do._
Stocks, commercial, domestic, end of month-do
Price, wholesale, No. 2 (Minn.) ...dol. per b u _ .
787
5, 851
1.878
(2)
Stocks, end of month:
Canada (Canadian wheaO
do
United States, domestic, total c?1
do_...
Commercial
. .. .- ... . . .do. _
Interior mills, elevators, and warehouses
thous. of bu.
flour
do
. ._ _ do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per b u _ _
No. 2, hard winter (Kansas City)
do
No 2 red winter (St. Louis") ..
do
Weighted avg., 6 markets, all grades
do
(2)
1.847
1. 637
6, 420
5, 826
6,805
21,186
17, 065
208
.992
493
,912
11.785
516, 603
120, 540
80, 214
131,132
129, 926
26.931
841,889
254
1.015
3
.931
97 344
42, 524
37, 536
54. 961
30, 167
62. 332
30, 734
88, 472
58, 385
42, 350
73. 389
31, 647
18,109
190, 887
44, 41 8
94, 417
77, 966
53, 497
56. 873
65.013
63, 302
20, 372
23, 127
102, 340
90, 071
77, 352
76, 825
42, 642
54, 187
28, 144
81,199
15,751
73, 562
26, 529
99, 562
28, 261
140,267
292, 259
15,3.069
551,420
191,062
980, 355
295. 248
330. 758
186,612
199,749
177,402
209, 432
158,633
125, 522
125,513
129, 682
181,874
419,822
43. 343
.105
356, 857
13,024
. 105
279.413
13. 259
.104
1 62. 622
127i 364
.104
215,451
111,588
.091
383. 344
133. 772
.083
697,198
157,879
. 090
719, 664
191,466
.094
676 066
80, 856
. 096)
642, 963
89, 502
.100
598. 059
193, 281
.105
511. 299
1,510
4. 036
1.923
1,031
2. 733
1.883
901
2 006
1.834
1.800
2.423
1.790
5. 995
5.129
1.642
2. 330
6.183
1.659
1,381
6.471
1.817
806
6.217
1.933
121. 395
1 , 267
6, 344
2. 051
741
6,136
2. 036
636
5,844
1.915
26, 284
29, 072
216, 427
213.163
89. 767
76, 982
r
1 20. 622
73. 485
.105
" 864
5, 321
2.027
1
mil. of b u _ .
thous. of bu._
-
41,663
10. 893
25, 664
Rice:
Production (crop estimate)
thous. of bu. .
California:
45, 169
Receipts, domestic, rough
thous. of lb_
25,414
Shipments from mills, milled rice
_ ..do.
Stocks, rough and cleaned (cleaned basis), end
64, 246
of month
thous. of Ib
Southern States (Ark., La.. Term., Tex.):
55, 144
Receipts rough at mills
thous. of Ib
118,987
Shipments from mills, milled rice
- do _ _
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
thous. of Ib.. 482, 688
64,103
Exports
do .
. 105
Price, wholesale, head, clean (N. O.)--dol. p e r l b _ _
Exports, total, including
Wheat only
54.519
13,004
33,010
Exports including oatmeal
_.
- do
Price, wholesale, No. 3, white (Chicago). .dol. per bu . _
Receipts, principal markets
62. 034
mil. of bu
thous. of bu
.do....
do
Wheat:
Production (crop estimate), total
82. 196
987. 5
342. 0
i 645. 5
32, 396
282, 539
1
r
r
r
28, 407
290, 1 04
48, 928
53, 853
188,879
715,624
193.663
168,777
166,795
177,355
177.369
200, 642
101.052
217. I l l
38. 601
33. 095
2. 520
2. 401
2. 444
2. 408
59. 4H2
52, 087
2. 532
2. 435 !
2. 470
2. 440
47. 677
42, 073
2. 384
2. 305 !
2. 421 i
65. 841
66, 140
167.086
160. 577
3P6. 204
157.848 | 21 1 , 870
233 527
31,013
325, 879
89 129
73 5S7 !
72. 63 S
42. 3(i6 !
39. 706
2. 448
2. 34:1
2. 191 i
2. 348 j
143, 643
29. 220 ~~~"42~819
38, 500
27. 458
2.475
2. 307 i
2.213
2.313
2. 464
2. 330
2" 339
60, 975
262, 813
47, 284
35, 730
209,143
164.425
223, 849
1,128,018
238, 443 "224."94l" ""202,464
272, 960
131 963
480, 862
39. 797 "~ 33." 576"
30,140
35. 439
2. 51 7
2.452
2. 488
2. 404
2.442
2. 383
2. 402
2, 341
218,333
856, 479
199. 947
163,161 "144,640
39, 376
34, 962
201. 607
113,051
339. 336
35. 090
29, 667
44, 646
41, 043
46, 435
41,794
2. 597
2. 540
2. 565
2 472
2. 568
2. 541
2. 625
2. 488
2.546
2. 519
2. 555
2.471
2. 505
2.492
2. 547
2. 422
24. 341
342. 438
206. OfiS
520, 869
124,865
111.837
80 630
201.500
2. 540
2. 496
2. 492
2. 436
Wheat flour:
Production:
18. 386
19,653
18. 795
21 , 055
19.876
21, 212
17.091
18.026
18,519
17, 233
1 8. 529
19, 706
Flour
thous. of sacks (100 lb.)__
8S. 5
17, 920
82, 0
84 4
73. 4
88.2
86.4
83. 0
79. 6
7.n. 4
Operations, percent of capacity
76.5
403. 21 5
376, 000
456, 496
375, 647
429, 296
338, S6f
395, 893 i 377. 944
342. 902
364.103
368, 285
Offal
short tons. . 386, 39S
364.
000
46, 684
43, 333
49, 683
45, 928
43, 789
49 ? 342
43, 337
39, 987
39, 958
43, 049
42, 1,56
Grindings of wheat
thous. of bu . . 45,860
42, 025
Stocks held by mills, end of month
4.701
4, 712
4. 494
4 839
thous of sacks (100 Ib )
1,895
2. 328
1,870
1,475
1,546
1,992
1, 854
1. 116
3,174
756
2,148
2, 363
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)*
6. 044
5. 865
5. 720
6. 138
5. 885
5. 935
6. 019
5. 894
6.0i3
6. 245
6. 1 44
6.010
6. 238
dol. per sack (100 Ib.)..
5. 650
5. 575
5. 850
5. 710
5. 600
5.713
5. 744
5. 725
5. 690
5. 725
5.713
5. 600
5.800
Winter, hard, short patents (Kansas City)*_do.._
l
2
' Revised.
December 1 estimate.
No quotation.
f Revised series. Data are furnished by the Chicago Boarc I of Trade and represc>nt receipt > at 12 interior primal y markets ; for name ^ of marke ts and datei for January 1948-Ju ly 1950, see
note marked "f" on p. S-28 of the October 1951 SUE VEY.
c? The total includes wheat owned by the Comniodity Cre dit Corpor ition arid s^tored off f irnis in its own steel ind woode n bins; sue h data are not includ ed in the b reakdown of stocks.
*New series. Data prior to February 1951 will 1DC shown Ititer.
SURVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-29
1951
March
April
May
June
July
1952
August
September
October
November
December
January
February
March
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally inspected):
Calves
thous. of animals..
Cattle
do_._.
Receipts, principal markets
do
Shipments feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. perlOOlb..
Steers, stoeker and feeder (Kansas City)-do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals..
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb_.
Hog-corn ratio
bu. of corn equal in value to 100 Ib. of live hog_.
Sheep and lambs:
Slaughter (Federally inspected)
thous. of animals..
Receipts, principal markets
do
Shipments, feeder, to 8 corn-belt States-_. -do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb_.
Lambs, feeder, good and choice (Omaha) .do
447
965
1,444
131
406
894
1, 552
151
414
986
1,555
124
406
787
1,345
111
408
920
1.754
173
422
1,064
2,066
293
373
956
2,307
515
500
1,140
2,928
893
457
1,122
2,063
460
344
998
1,533
200
382
1,096
1,648
133
343
985
1,481
158
397
927
1, 473
143
35.62
35.12
36.50
35.95
35.64
38.90
35.71
34.29
37.25
35.68
32.83
38.31
35.75
31.61
37.40
36.39
32. 59
36.75
36.99
31.90
36.25
36.75
31.97
37.10
36.29
31.63
36.00
34. 59
30.45
36.00
34.25
31.19
36.50
33.78
32.06
37.00
33.41
31.99
38.50
5,117
3,072
4,989
3,060
4,952
4,700
2,856
2,630
4,236
2,765
4,398
2,743
5,651
3,460
6,531
4,098
6,912
4,174
6,835
4,373
5,779
3,626
5,776
3,501
21.62
21.01
20.77
21.07
20.36
20.35
19.62
20.09
18.30
17.74
17.42
17.07
16.56
13.2
12.7
12.4
13.0
12.8
12.8
11.9
12.4
11.1
10.4
10.4
10.4
10.1
738
717
657
807
157
657
956
258
811
964
164
1,076
168
1,310
492
827
1,821
703
1,084
2,152
822
922
1,157
305
810
946
119
1,042
1,150
123
990
971
109
971
988
119
40.50
0)
39.25
0)
35.50
0)
35.00
0)
31.75
0)
31.50
31.34
31.25
32.64
31.00
32.00
31.00
31.31
30.75
30.50
30.25
0)
28.00
0)
26.88
0)
1,537
984
66
1,479
967
77
1,537
908
79
1,442
847
81
1,387
748
84
640
62
1,374
550
56
531
44
1,841
728
87
966
108
1,977
1,146
113
1,715
1, 656
' 1, 264 1, 306
115
576, 081
139, 378
467
537, 799
117,821
595, 451
106, 463
385
483,836
96, 041
348
556,897
94,900
472
617,158
101, 377
769
553,317
102,301
2,643
648,917
135, 560
892
645, 256
198, 647
2,189
585,399
234,679
850
656,307
256, 247
660
557, 237
593,420
' 265, 700 273, 363
1,006
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil. of lb_.
Stocks, cold storage, end of month
do
Exports
do
Boef and veal:
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of month
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per lb_.
Lamb and mutton:
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of month
do
Pork, including lard, production (inspected
slaughter)
thous. of lb_.
Pork, excluding lard:
Production (inspected slaughter)
do
Slocks, cold storage, end of month
do
Exports
do
Prices, wholesale:
Hams, smoked, composite
dol. perlb..
Fresh loins, 8-12 Ib. average (New York)__do
Lard:
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of month
do
Exports
do
Price, wholesale, refined (Chicago) ...dol. per lb_.
.576
.578
.583
.578
.576
.578
.594
.601
.599
.579
.571
.562
36, 529
7,727
32, 603
5,435
31, 457
5,862
35,892
5,235
38,061
6,211
39, 369
6,407
36, 652
7,227
47,490
9,767
42,803
12, 536
37,915
13,720
50,536
13,840
48,986
13,532
924, 237
908, 712
910, 332
922, 354
791, 554
831,556
784,336
971,381 1,153,267 1,242,339 1, 269, 791 1,072,252 1,050, 706
684, 025
648, 384
5,486
672,100
654,497
3,710
665,162
616, 231
4,488
672, 784
572, 372
6,113
576, 759
496,171
5,851
614,815
401, 573
5,833
579, 276
325, 959
5,753
718, 673
276, 255
8,899
850,917
381,870
7,484
905,863
548,604
11,257
931, 607
704, 992
10, 337
771,472
• 793,870
7,675
759, 957
809, 963
.591
.461
.565
.463
.568
.474
.574
.488
.573
.574
.544
.559
.574
.557
.549
.460
.544
.427
.546
.433
.527
.424
.526
.448
175, 502
78, 352
55, 519
.213
173,137
75,171
66, 995
.203
179, 686
68, 639
182, 936
68, 754
67,886
.200
157, 111
46, 820
72,030
.198
158, 700
34, 702
48,398
.198
149, 769
28,372
41, 753
.208
184,705
31,344
29,808
.209
221,097
39, 229
70,076
.180
246,363
53,614
88,194
.190
248,037
49, 284
96,445
.175
35, 273
147, 203
.377
43,097
125, 359
.350
52,380
112,369
.308
42.360
106,692
.289
46,157
121, 493
63, 264
166, 242
.276
77,471
259,920
.261
87, 278
309,943
.248
76,887
302,151
.284
35, 651
300,000
.275
6,318
2,790
6,156
3,602
5,270
2,652
4,711
4,231
4,007
4,240
370
4,215
357
4,609
429
973
109, 253
2,083
162, 659
2,427
189,980
2,270
190,818
1,615
176, 273
958
151, 293
527
121, 592
230
95,143
141
67,200
.475
.478
.517
.514
.664
.496
54,385
71,824
100,170
113,945
113,842
97,030
15,636
.351
23,235
.355
9,622
.341
6,090
.321
15,555
.295
16,570
.326
32,640
.331
27,023
.358
521
551
1,253
1,419
888
591
1,293
1,482
962
619
1,217
1,792
1,089
736
1,742
1,725
1,008
562
1,882
1,609
945
689
2,049
1,604
871
658
1,975
1,331
758
955
2,292
r
48, 201
15,911
220,934
213,346
' 53,816 68, 702
100,339
.175
POULTRY AND EGGS
Poultry:
34,806
Receipts, 5 markets
thous. of lb_.
192, 913
Stocks, cold storage, end of month
do
.364
Price, wholesale, live fowls (Chicago) § dol. per lb. _
Eggs:
6,340
Production, farm
million!
2,159
Dried egg production
___thous. of lb_Stocks, cold storage, end of month:
309
Shell
thous. of cases..
62, 298
Frozen
thous. of l b _ _
Price, wholesale, extras, large (Chicago)
dol. per doz.
.630
r
35,067
• 270,397
.295
42, 273
233,482
.295
5, 715
1,681
6,441
2,325
••942
60, 576
1,603
84,444
5,408
894
238
53,055
r
.382
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' sales*. _thous. of dol _
Cocoa:
Imports
long tons-.
Price, wholesale, Accra (New York)..dol. per lb-Coffee:
Clearances from Brazil, total
thous. of bags.To United States
do
Visible supply, United States}:
do
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. perlb__
Fish:
Landings, fresh fish, 5 ports
thous. o f l b _ _
Stock, cold storage, end of month
do
r
80,000
68,000
65,000
48, 483
.384
25, 526
.384
32, 373
23, 778
.383
655
785
1,457
1,281
847
754
1,485
837
572
690
1,325
1,447
934
1,020
2,344
84,067
.548
.545
.544
.536
.532
.536
.543
.545
.543
.541
.550
.550
43,321
96,367
57, 916
67, 200
105, 944
68, 613
127,351
70,310
146,891
69, 618
161, 628
54, 520
166,100
50,468
171, 924
38,843
179,135
25,946
168,792
23,139
148,113
29,224
125,704
78, 050
.384
1, 521
899
966
1
Revised.
No quotation.
§ Series revised to represent quotations for heavy type.
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing estimated total sales by manufacturers of confectionery and competitive chocolate products. The figures exclude sales of chocolate coatings and cocoa produced by chocolate manufacturers and sales by manufacturer-retailers with a single business location,
t For revised data for July 1949-October 1950, see note marked "%" on p. S-29 of the January 1952 SURVEY.
SUKVEY OF CUERENT BUSINESS
S-30
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1952
1951
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
thous. of Spanish
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
short
Entries from off-^hore
Hawaii and Puerto Rico
-
tons_.
do
do
Deliveries total
do
For domestic consumption
do
For export
do
Stocks, raw and refined", end of month
thous. of short tons..
Exports, refined sugar
short tons__
Imports:
Raw sugar, total
_ __do
From Cuba
do
From Philippine Islands
-- do
Refined sugar, total
From Cuba
Price (New York) :
Raw, wholesale
Refined:
Retail
Wholesale
Tea, imports
r
tons__
r
r
2. 563
3,538
3,838
3,137
2,573
1,977
1,602
952
577
427
718
1,883
3,033
40, 570
564, 059
164, 129
34, 751
567, 747
171, 703
18, 463
563, 138
260, Oil
47, 954
620, 832
284, 460
31,386
594, 611
228, 452
27, 762
542, 615
195, 252
98, 067
396, 322
111,020
464, 289
444 726
92, 575
627 848
314 637
102 389
472, 810
164 866
155, 925
84 442
364 959
72, 083
32 439
293 390
40 217
24 680
699 525
221 145
534. 673
£29.
584
r
5. 089
532, 257 1, 104, 322
520, 335 1,094,004
11, 922
10, 318
824, 919
821,213
3,706
519,795
511,268
8,527
676, 096
670, 503
5,593
646, 163
643, 958
2,205
678, 741
676, 573
2,168
546 529
544, 224
2 305
556, 802
536, 614
20 188
581 376 rr 556 334
578, 699
554, 731
2 677
1 653
850 649
848, 574
2 575
r
1, 724
3,933
1,818
16, 218
1,285
21,079
1,090
25, 412
1,217
10, 656
1,121
3,399
958
2,011
1,169
1,470
1,540
1,005
1,756
18, 264
1,613
867
1,473
1 122
344, 935
266, 755
78, 165
344, 583
242, 238
102, 344
285, 133
175, 481
109, 643
271,882
174,534
97, 342
314, 392
230, 304
79, 723
311, 704
246, 113
54, 807
252, 570
212, 522
40, 041
242,519
226 799
11, 984
236, 919
226 225
10, 191
75, 340
74, 217
1,120
248, 724
223 704
25,017
275 173
232 234
42 938
40, 489
40, 489
39, 665
39, 465
36, 834
36, 534
29, 310
29, 168
35, 197
35, 197
32, 735
32, 728
28,013
28, 013
45, 251
45 251
4,926
4 424
o
1
10, 221
10 220
22 073
21 873
dol. per lb__
.059
.058
.063
.066
.063
.060
.060
.059
.060
.058
.058
'.059
.062
dol. per 5 lb_.
.dol. per lb_.
_ _.thous. of lb__
.488
.081
9,627
.501
.081
11, 973
.480
.082
7,208
.482
.084
5,704
.492
.086
7,173
.497
.084
7,152
.496
.083
5,835
.486
.081
4,945
.482
.081
5,624
.482
.081
6,713
.483
.081
7,769
.480
.080
6 659
.476
.080
- __do
do
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter total
mil. of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil. of Ib
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports, including scrap and stems. _ -thous. of lb_
Imports including scrap and stems _ _ __ do. __
1, 241
* 2 282
3,942
3,573
3,760
398
404
373
352
3,355
2,973
3,203
3,732
16
172
29, 448
8,020
Manufactured products:
19, 677
Production, manufactured tobacco, total... do
7,328
Chewing plug, and twist
do
8,784
Smoking
do
3,565
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
2,600
Tax-free
- millions. _
30. 160
Tax-paid
_
do
455, 351
Cigars (large) tax-paid
. thousands.
Manufactured tobacco and snuff, tax-paid
18, 423
thous. oflb..
1,564
Exports cigarettes
millions
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b., destination*
3.969
dol. per thous. .
4 273
32, 804
7, 597
25, 718
8,733
17
180
26, 794
7,832
24,068
8,018
48, 266
9,812
17
166
74, 746
8,404
87, 519
13, 702
60, 337
10, 302
18
170
60, 623
5,734
33, 489
8, 572
29 752
8 860
18, 706
6,674
8,732
3,299
20, 145
7,541
9,103
3,501
19, 581
7,475
8,897
3,209
15,777
6,708
6,819
2,250
21, 665
8,240
9,741
3,684
19, 777
7,049
9,669
3,060
18, 292
7,120
8,017
3,154
20, 624
7,853
9,243
3,528
14,958
5, 739
6,018
3,201
19, 884
7,516
8,619
3,749
18, 553
7 253
7 826
3 473
3,159
29, 524
444, 006
3,996
32, 776
478, 693
3,463
32, 474
502, 592
2,444
29, 739
421, 758
3,499
35, 601
533, 739
2,773
30, 800
490, 938
3,416
37, 477
590, 616
3 708
33, 994
554, 341
3, 508
23, 847
367, 906
4,141
37, 598
494 556
18, 451
1,381
19, 272
1,401
19, 091
1,404
15, 806
1,140
21, 551
1,704
19, 486
1,443
14, 374
1,208
24,005
1 742
14, 353
1 443
19, 450
1 517
18, 490
1 215
16, 759
3.969
3.969
3.969
3.969
3.969
3.969
3.969
3.944
4.027
4.027
4.027
4.027
2 974
29 308
446 560
r
29 552
478 101
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skinsj
thous. of lb__
Calf and kip skins
thous. of pieces__
Cattle hides|_
do
GoatskinsJ
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Calfskins, packer, heavy, 9^/15 lbs.*___dol. per lb__
Hides, steer, heavy, native, over 53 lbs.*___do
20, 247
218
222
2,976
1,533
18, 177
203
175
3,230
1,580
22, 301
285
280
3,616
1,655
23, 864
195
325
2,755
1,949
30, 220
355
437
3, 137
1,423
30, 707
136
416
2,819
2,632
26, 012
78
191
1,931
5,753
21, 212
105
202
1, 814
2,358
13, 057
78
158
1,821
925
11, 424
110
116
1, 864
1,132
12, 972
81
186
2,367
668
10, 717
26
109
1,622
880
.775
.338
.800
.330
.800
.330
.800
.330
.650
.330
.557
.308
.486
.323
.475
.310
.399
.216
.379
.188
.400
.140
.375
.133
559
1,885
2,469
1,873
492
1,644
1,830
1,674
607
1,859
2,011
2,138
568
1,748
1,837
2,163
603
1,555
2,059
1,894
717
' 1, 880
' 2, 614
2,047
805
1,862
2,513
2,279
7
10
2,312
18
17
1,706
3
7
1,118
18
89
2,621
17
82
2,321
8
43
1,549
27
113
1,925
LEATHER
Production:
904
805
619
574
Calf and kip
thous. of skins
459
2,220
1,916
1,956
1,878
1,534
Cattle hide
. thous. of hides. _
3,435
3,100
2,917
2,620
2.038
Goat and kid
thous. of skins. _
2,492
1,968
1,835
1,478
1,480
Sheep and lamb
do
Exports:
Sole leather:
17
12
56
32
83
Bends, backs, and sides
-thous. of lb_.
17
78
14
48
86
Offal, including belting ofTal
do
2,776
2,087
Upper leather.,..
thous. of sq. f t _ _
1,368
1,577
1,833
Prices, wholesale:
.880
.856
Sole bends heavy, f o b tannery* dol. per Ib
Chrome calf, black, B and C grades, f. o. b. tan1.150
1.022
nery*
dol. per sq. f t _ _
r
1
2
Revised.
December 1 estimate.
Specification changed; earlier data not strictly comparable.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics; data prior to February
f Revisions for 1950 are shown in corresponding note in the October 1951 issue of the SURVEY.
.776
.776
.700
.660
.630
.600
2.525
.955
.955
.906
.807
.808
.787
2.842
1951 will be shown later,
"
SUEVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-31
1952
1951
April
March
May
June
July
August
September
October
November
December
January
February
March
LEATHER AND PRODUCTS—Continued
LEATHER
MANUFACTURES
Shoes and slippers: t
Production, total
_ _
_ thous. of pairs. _
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs. _
By types of uppers :c?
All leather
_ do
Part leather and nonleather
do
By kinds:
ATen'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, f. o. b. factory:*
Men's and boys' oxfords, dress, cattle hide
upper Goodyear welt
dol. per pair
Women's oxfords (nurses'), side upper, Goodyear welt
dol per pair
Women's and misses' pumps, suede split.do
47, 198
39, 635
38, 303
37, 578
32, 530
43, 234
36, 130
38, 783
34 884
32 227
41, 306
42, 518
42, 799
35,412
34, 152
33, 429
28, 465
37, 532
30, 844
32, 822
29 462
28, 794
38, 290
39, 133
37, 785
4, 154
30, 638
4,077
29, 480
3,988
28, 905
3,877
25, 020
2,909
32, 796
3,839
26, 862
3 105
29, 450
3 372
26, 262
3 200
25, 511
3 283
33, 694
4,596
34, 081
5 052
10, 652
1,238
21, 718
5,654
3, 537
3,722
9,340
1,025
17, 807
4,294
2,946
3,636
9,744
1,201
15, 934
4,282
2,991
3,566
9,245
1,284
15, 844
4,365
2,691
3,612
6,898
1,132
15,057
3,366
2,012
3,609
9,156
1,468
19, 862
4,480
2,566
5,091
7 969
1,258
15, 580
3 800
2,237
4 660
8 755
1,319
15, 713
4 321
2,714
5 395
7 739
1 097
13,711
4 290
2,625
4 930
7 023
1 068
13, 740
4 356
2,607
3,032
8 541
1,371
20, 365
5,667
3,189
2,851
180
312
359
176
225
302
8 577
1,263
19, 676
5 623
3,151
2 511
216
289
219
233
301
321
339
338
401
299
288
338
255
330
307
211
326
247
152
304
197
198
413
289
189
437
283
205
361
229
5.655
5.655
5.577
5.550
5.467
i 5 760
5 760
5 623
5 586
5 523
5 523
5 523
5 053
3.967
5.053
3.967
5.053
3.967
5 037
3.967
5 037
3.967
5 037
3.933
5 037
3.933
4 836
3.933
4 711
3.933
4 678
3.890
4 678
3. 801
4 861
3.767
45 836
142, 814
92, 918
168, 582
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports total sawmill products
M bd ft
Imports, total sawmill products
do
National Lumber Manufacturers Association:
Production, total
mil. bd. ft
Hardwoods
-----_ do
Softwoods
._.
do __
Shipments, total
----- do
Hardwoods
do
Softwoods
_- - do
Stocks, gross (mill and concentration yards), end
of month, total
mil. bd. ft
Hardwoods
do
Softwoods
- - _
do
SOFTWOODS
Douglas fir:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross, mill, end of month
do
Exports total sawmill products
M bd. ft
Sawed timber
do
Boards, planks, scantlings etc
do
Prices, wholesale:
Dimension, No. 1 common, 1" x 4", R. L.
dol per M bd ft
Flooring, B and better, F. G., 1" x 4", R. L.
dol per M bd ft
Southern pine:
Orders, new
mil. bd. f t _ _
Orders, unfilled, end of month
do _
Production
_ _ _
do
Shipments
do
Stocks, gross (mill and concentration yards), end
of month
mil bd ft
Exports, total sawmill products
M bd ft
Sawed timber
do
Boards planks scantlings etc
do
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6" x R. L.*
dol per M bd ft
Flooring, B and better, F. G., 1" x 4" x S/L*
dol per M bd ft
Western pine:
Orders, new
mil. bd. ft
Orders, unfilled, end of month.
__do__
Production
_
do
Shipments
do
Stocks, gross, mill, e n d o f month _ _ _ _ _ d o
Price, wholesale, Ponderosa, boards, No. 3 common 1" x 8"
dol per M bd. ft
2
76, 137
230, 218
64, 985
232, 287
83, 538
213, 085
93, 155
204, 938
96, 309
221, 873
102 473
220, 111
76 745
206, 517
106 072
232, 368
81 445
213, 655
80 555
160, 885
3,288
3,469
3,793
3,660
3,147
3,584
3,200
3 514
3,210
2,632
2,797
2,870
3,031
2,512
3,448
2,709
3,454
2,987
3,474
2,823
3,171
2,380
2,741
2,817
3,231
2,454
2,937
2,773
3,412
2,524
3,163
1,987
2,541
2,186
3,021
2,195
2,950
2,309
3,024
2,661
2,668
2,782
2,539
2,169
2,637
2,363
2,757
2,473
1,941
2,402
2,269
2,328
6,285
2,233
4,052
6,300
2,207
4,093
6,584
2,321
4,263
7,111
2,526
4,585
7,543
2,720
4,823
7,870
2,893
4, 977
8,132
3,065
5,067
8,193
3,152
5,041
8,240
3,148
5,092
8,364
3,193
5, 171
8,311
3,186
5,125
8,232
3,180
5,052
8,211
3,179
5,032
1,008
925
904
1,025
631
36, 452
11,400
25, 052
963
966
742
737
867
776
788
760
786
890
978
998
611
36, 794
11, 784
25,010
806
692
889
1,045
1,012
607
43, 359
13, 792
29, 567
837
632
704
954
882
717
48, 441
12, 010
36, 431
767
572
644
708
656
795
38, 329
11, 744
26, 585
767
594
509
987
926
830
54, 086
12, 453
41, 633
746
574
741
655
686
690
645
600
611
619
675
681
835
923
764
754
752
814
806
374
981
245
898
904
717
1,065
799
1,001
830
961
860
861
38, 438
7,421
31,017
836
47, 677
20 823
26, 854
841
43, 886
21 143
22 743
924
43, 794
14 856
28, 938
971
15, 250
9 110
6, 140
830
965
892
668
918
833
968
55, 541
17 657
37, 884
83 902
83. 937
83. 657
82. 268
82. 068
81. 935
82. 212
82 648
81 741
81 368
81 508
82. 467
132. 700
132. 700
132. 700
131. 998
130. 230
129. 842
129 842
128 617
128. 209
126. 575
126. 575
785
449
678
392
689
331
605
299
619
286
742
329
697
370
808
381
748
312
762
735
1,417
12, 061
3, 405
8,656
1,444
9,087
1,573
7,514
816
750
695
637
1,510
10, 695
3,457
7,238
1,568
9,329
2,589
6,740
677
632
707
699
1,613
20, 652
3,791
16,861
1,621
11, 929
2,677
9,252
696
514
860
132 700
769
788
722
622
656
1,587
14, 292
2,336
11, 956
639
337
695
683
553
310
728
797
1,518
16, 996
3,522
13, 474
1,530
9,505
2 714
6,791
1,576
11, 665
3 725
7, 940
626
580
835
993
712
327
707
697
700
318
791
746
1,621
8,878
1 390
7 488
1,631
11, 975
2, 595
9,380
1,610
80. 708
80. 374
79. 861
78.811
78. 411
78. 625
78.915
79 735
80 612
80 797
80 642
80. 196
155. 520
155. 061
155. 061
155.061
155. 061
1 55. 061
155. 061
155. 061
155. 061
155. 061
155. 061
155. 061
565
709
548
541
683
731
659
630
740
742
792
701
763
754
847
723
724
734
741
644
749
701
801
716
700
714
684
614
747
745
744
690
635
714
641
619
530
716
419
478
552
684
355
485
490
472
390
471
1,305
1,334
1,427
1,551
1,648
1,733
1,803
1,857
1,879
1,820
1,690
1,609
85.35
87.07
86.45
85.73
84.13
81.68
78.97
78.85
78.17
78.74
78.58
79.22
279, 415
283, 104
60, 610
264, 094
263, 884
59, 080
285, 278
275, 490
65, 801
281, 340
280, 908
65, 529
195, 059
178, 875
80, 323
283, 321
270, 994
91,462
242, 823
235, 627
97, 932
269, 629
257, 805
110, 649
187, 254
189, 383
108, 524
176, 132
195, 259
88, 552
244, OH
238, 911
92, 577
253, 303
260, 720
84, 739
5,200
20, 550
5.800
5,875
4,550
5,075
20, 000
5,700
5,425
4,875
3,775
19, 025
5,400
4,850
5,325
4,300
17, 350
5,550
5,300
5,675
3,675
16, 975
4,050
4,000
5,600
4,550
15, 650
5,450
5,200
5,850
3,175
14, 500
4,800
4,100
6,500
3,700
13, 500
4,750
4,350
6,900
3,350
12, 950
3,900
3, 600
7,300
3,150
12, 300
3,750
3,550
7,575
4,800
13, 050
4,500
3,750
8,250
3,550
12, 250
4, 150
4,250
8,050
688
709
498
465
481
505
1,585
SOFTWOOD PLYWOOD
Production
thous of SQ ft
Shipments
Stocks end of month
HARDWOOD
% // eQuivalent
do
do
FLOORING
Maple, beech, and birch:
Orders, new
_ _ _ M bd. ft_
Orders, unfilled, end of month
do
Production
_ _ _
do
Shipments
_
_
_ _ do
Stocks, mill, end of month
do
3,600
11, 700
4,350
3,800
8,600
r
2
Revised.
1 Specification changed; earlier data not strictly comparable.
Data beginning January 1952 have been adjusted to conform to the 1952 revision of the export schedule.
J Revisions for January-October 1950 are available upon request.
c?1 The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available by
types of uppers.
§ Excludes "special category" items.
* New series.
Data are compiled by the U. 8. Department of Labor, Bureau of Labor Statistics; monthly data prior to March 1951 (February 1951 for softwoods) will be shown later.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1951
March
May
April
June
July
1952
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
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_ __
68, 904
82, 647
87, 050
81, 866
43, 370
81, 813
92, 804
93, 657
90, 960
38, 186
65,806
65, 620
94, 499
85, 922
51, 947
51,757
53, 093
81, 269
71.488
61, 728
65, 721
54, 740
71, 301
69, 053
63, 976
83, 288
57, 246
83, 699
80, 782
64, 635
84, 032
65, 778
74, 297
75, 500
63, 432
83, 335
66, 613
86, 628
85, 372
64, 688
57,156
54, 985
81,035
73, 263
72, 460
49, 607
53, 002
64, 181
54,554
82, 087
77, 919
56, 995
78, 657
73, 926
86, 818
87, 840
67 795
73 094
77, 040
82, 872
344, 232
21, 533
219, 274
24,630
417, 589
' 19, 115
257, 307
22, 013
402, 242
21, 992
235, 157
15, 169
407, 051
16, 247
181, 703
9,285
80 919
76 931
75 660
77, 366
81 168
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.) :
ExDorts, total
short tons.
FcrapO
do _
Imports, total
_ _
_do
Scrap
do
299, 794
21, 587
387, 851
22, 260
296, 954
r 20, 111
378, 358
19, 086
280, 662
r 14, 456
292, 784
14, 102
287, 245
r 21, 829
315,363
28, 993
6,930
3,457
3,473
4, 431
1,220
3,211
6,707
3,331
3,375
4,215
1,104
3,111
6,828
3,370
3,458
4,154
1,123
3,031
6,377
3,187
3,190
4,112
1,170
2,941
5,934
3,043
2,892
4,199
1,171
3,028
3, 525
2,453
9,829
8,795
8, 837
9,757
14, 362
14, 990
9,128
14, 932
15, 783
8,277
0
7,372
17,335
14,919
2,417
6,211
7, 235
15, 072
13, 258
1,813
12, 664
7,761
19, 772
17, 696
2,075
741
81
83
2,390
1,440
2,337
1, 363
353, 346
r 17, 829
405, 191
54, 489
r
306,310
349, 615
' 22, 213 >• 25, 455
279, 818
255, 268
26, 074
17,116
296, 081
r 20, 651
248, 186
17, 417
6,288
3,240
3,048
4,427
1,212
3,215
6,023
3,127
2,896
4,437
1,215
3,222
6,574
3,409
3,165
4,492
1,255
3,237
6,268
3,244
3,024
4,422
1,240
3,183
6,141
3,166
2,975
4,366
1,199
3,168
6,549
3,426
3,123
4,356
1,166
3,190
15, 103
16, 251
7,129
15, 832
16, 448
6, 515
14, 764
14, 900
6,381
13, 900
14, 623
5,639
7,052
7,500
5,182
3,682
3,132
«• 5, 794
3,704
2,108
7,404
3,605
2,160
8,849
13, 574
7,556
33, 142
29, 299
3,843
1,083
13, 229
7,699
39, 920
35, 057
4,863
1,049
12, 672
7,473
45, 453
39, 504
5,950
848
11,089
7,749
50, 229
43, 425
6,804
1,103
5,695
7,624
49, 099
42, 258
6,841
834
13, 166
7,499
26, 423
23, 731
2,692
1,235
791
7,639
43, 711
37, 315
6,396
0
7,527
35, 927
30, 369
5,558
0
7,229
29, 207
24, 693
4,514
49
85
52
69
71
67
79
65
78
70
2,229
1,397
2,162
1,309
2,208
1,029
2,145
1,219
1,983
1,302
1,934
1,184
568
698
2,055
1,115
1,847
1, 033
1,801
1,199
1,766
1, 155
743
694
655
r
Iron and Steel Scrap
Consumption, total §
thous. of short tons
Horne scrap
do
Purchased scrap
do
Stocks consumers', end of month, total§
do
Home scrap
do
Purchased scrap
do
Ore
Tron ore:
All districts:
Mine production
thous. of long tons
Shipments
do
Stocks at mines, end of month
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption by furnaces
do
Stocks, end of month, total
do
At furnaces
« .«
_
- do
On Lake Erie docks
do_
Imports
do
Manganese ore, imports (manganese content)
thous of long tons
661
747
656
659
624
0
8,022
21, 451
18, 081
3,369
Pig Iron and Iron Manufactures
Castings, gray iron:§
Orders, unfilled for sale
thous of short tons
Shipments, total
do
For sale
doCastings, malleable iron:§
Orders unfilled for sale
short tons
Shipments total
do
For sale
_
do
Pig iron:
Production
thous. of short tons
Consumption!
do
Stocks (consumers' and suppliers'), end of month §
thous of short tons
Prices, wholesale:
Composite
_
dol. per long ton
Basic (furnace)
do
Foundry, No. 2, f. o. b. Neville Island
do
767
796
270,091
102,173
60,771
279,561
97,921
58,199
277, 778
101, 345
61, 918
258,144
94,376
57,176
263,017
76, 826
45,072
249, 273
90, 727
57,164
6,016
6,054
5,888
5,914
6, 173
6,184
5,978
5,989
6,070
5,955
6,063
6,001
818
626
733
674
244, 575
82, 276
48, 568
238, 019
93, 884
58, 251
220, 740
88, 210
53, 682
215, 134
76, 045
45, 543
202, 799
87, 003
54,988
193, 061
82, 898
50, 129
5,890
5,898
6,197
6,274
5,911
5,922
5,977
5,916
6,040
6,106
5,785
6,300
53.67
583
1,623
1,603
1, 613
1,633
1,771
1,819
1,818
1,844
1,811
1,751
1,761
53.58
52. 00
52. 50
53.61
52.00
52.50
53.61
52.00
52.50
53.61
52.00
52. 50
53.61
52.00
52. 50
53. 62
52. 00
52. 50
53.67
52.00
52. 50
53.67
52. 00
52. 50
53.67
52.00
52. 50
53.67
52.00
52.50
53.67
52.00
52.50
53. 67
52. 00
52. 50
190, 365
134, 184
43, 320
181, 908
129, 059
40, 818
188, 956
130, 826
39, 194
184,424
131,219
41,605
147, 251
100, 141
27, 235
177, 096
128, 981
41,162
160, 695
116,658
34, 693
189, 929
139, 953
39, 290
176, 728
131, 276
34. 524
165,110
123, 448
32, 733
183, 738
139, 488
36, 650
174, 035
133, 205
31,317
874, 598
697, 335
177, 263
160, 917
118, 039
42, 878
924, 202
736, 701
187, 501
153,947
112, 074
41, 873
9,071
102
Steel, Crude and Semimanufactures
Steel castings:
Shipments, total
short tons
For sale, total
do
Railway specialties
_ do
Steel forgings:
Orders, unfilled, total
do
Drop and upset
do
Press and open hammer
do
Shipments, for sale, 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 t
Prices, wholesale:
Composite, finished steel
dol. per lb_
Steel billets, rerolling (producing point) cf
dol. per net ton__
Structural steel (producing point)
dol. per Ib
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton__
11,208,350 1, 263, 657 1,361,005 1, 435, 893
1,418,515 1, 426, 645 1, 446, 118 1,410,646
r
1,471,620 1, 416, 895
1177,273
1117,475
i 59, 798
170, 371
110, 979
59, 392
147,319
95, 275
52, 044
157, 973
103, 962
54, Oil
149, 736
97, 326
52, 410
191,483
130,675
60, 808
176, 342
119,047
57, 295
165, 023
109, 014
56, 009
190, 774
129, 761
61,013
186, 842
124, 397
62, 445
8,841
103
9,094
103
8,657
101
8,679
98
8,734
99
8,655
101
9,116
103
8,794
103
8,885
101
9,136
99
8, 657
101
9,404
102
.0471
.0471
.0471
.0471
.0471
.0471
.0471
.0471
.0471
.0471
.0471
.0471
.0471
56.00
.0400
56.00
.0400
56.00
.0400
56.00
.0400
56.00
.0400
56.00
.0400
56.00
.0400
56.00
.0400
56.00
.0400
56.00
.0400
56.00
.0400
56.00
0400
45.00
45.00
45.00
45.00
45.00
45.00
45.00
44.75
44.00
44.00
44.00
44.00
10, 614
2,762
10,660
2,384
10, 451
2,605
10, 735
2,632
10, 066
2,366
9,076
2 781
8, 535
2 322
8,036
2 511
7,294
2 147
7 830
2 176
8 126
2 085
7 570
1 961
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands
Shipments _
do
Stocks, end of month
do
48
42
47
28
31
31
24
26
32
31
66
59
7 737
2 008
58
r
Revised.
0Data beginning 1951 have been adjusted in accordance with the revised export schedule to exclude exports of tinplate, circles, strips, etc.; adjusted data for January and
February 1951, 9,139 and 16,812 tons, respectively.
1
The Bureau of the Census estimated industry totals beginning May 1951 are based on reports from forge shops (shipping 50 tons or more per month) which account for over 95 percent of
all forgings produced. For May, shipments by the additional plants increased total shipments 13 percent; for total unfilled orders, the adjusted May figure is increased 27 percent and also
includes orders for the manufacturers' own use.
§Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.
tFor 1952, percent of capacity is calculated on annual capacity as of January 1,1952, of 108,587,670 tons of steel; 1951 data are based on capacity as of January 1, 1951, of 104,229,650 tons.
cF Revised to represent quotations per net ton.
SURVEY OF CURRENT BUSINESS
Mav 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-33
1952
1951
March
April
May
June
July
August
Septem-
October
November
December
January
February
March
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Continued
Cans, metal, shipments (in terms of steel consumed),
total.
short tons..
Food
-_ do _ _ Nonfood
.
do_._
Shipments for sale
do
Commercial closures, production
millions. .
Crowns production
thousand gross
Steel products, net shipments:
Total
thous of short tons
Bars, hot rolled— Carbon and alloy
do
Reinforcing
do
Semimanufactures
do _
Pipe and tubes
do
Plates
do _._
Rails
_
do
Sheets
_ _ do
Strip— Cold rolled
do
Hot rolled
_ do
Structural shapes, heavy.
do
Tin plate and terneplate
'do
Wire and wire products _ _
do
268, 022
164, 956
103, 066
224, 124
1,536
34, 006
276, 145
169, 462
106, 683
234, 605
1,485
31, 453
308, 227
206, 185
102, 042
259, 347
1,404
30, 282
309, 213
218, 700
90, 513
266, 927
1,313
28, 461
356, 274
263, 683
92, 591
318, 308
1,068
26, 861
483, 188
367, 257
115,931
428, 044
1,118
33, 638
417, 378
306, 610
110, 768
371, 686
927
24,692
374, 200
254, 635
119, 565
333,018
1,026
24, 625
263, 468
156, 035
107, 433
229,422
820
19, 900
235, 107
140, 325
94, 782
203, 902
774
16,903
234,372
143, 997
90, 375
195, 980
976
22, 717
235, 648
144, 439
91, 209
199, 445
895
24, 316
7,105
792
161
306
824
681
160
1,937
189
238
452
397
624
6,635
736
141
272
757
653
162
1,821
184
217
412
361
495
6,939
787
162
293
801
716
166
1,847
187
204
430
396
513
6,646
734
152
292
770
685
161
1,739
180
173
409
425
493
5,989
689
151
303
681
653
146
1,617
128
146
397
347
345
6,756
744
184
322
785
691
165
1,719
191
185
407
430
492
6,207
712
160
314
719
657
139
1,548
162
185
386
358
456
6,844
785
170
315
809
684
165
1,716
184
199
442
394
605
6,509
778
155
283
784
666
136
1,693
165
184
421
327
479
6,411
748
162
313
777
708
146
1,590
154
180
409
352
441
6,589
797
168
285
811
707
156
1,644
180
186
427
298
477
6,358
757
158
268
795
711
138
1,534
158
171
437
359
448
70, 022
222, 030
67, 701
223, 503
67,720
180, 141
67, 454
272, 903
72, 698
284, 318
73, 816
251, 283
69, 429
211,953
72, 647
275, 407
72, 246
229, 563
72, 454
213, 877
76, 934
325, 071
' 72, 374
212, 481
77,069
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
short tons
Imports, bauxite
.long tons. _
Price, wholesale, scrap castings (N. Y.)
dol. per lb__
Aluminum fabricated products, shipments,
total c?
mil. of Ibs
Castings
do _
Wrought products, totald*
do
Plate, sheet, and strip
do
Brass sheets, wholesale price, mill
dol. per lb__
Copper:
Production:
Mine production, recoverable copper
short tons__
Crude (mine or smelter, including custom intake). -_.
short tons ..
Refined
_
do
Deliveries, refined, domestic
do
Stocks, refined, end of month
do
Exports, refined and manufactured
do
Imports, total
_ .
do
Unrefined, including scrap
do
Refined
do .
Price, wholesale, electrolytic (N. Y.)__dol. per lb_.
Lead:
Ore (lead content) :
Mine production
short tons
Receipts by smelters, domestic ore
do
Refined (primary refineries) :
Production
do
Shipments (domestic)
_ do
Stocks, end of month
.
do
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb__
Imports, total, except mfrs. (lead content)
short tons__
Tin:
Production, pig
long tons
Consumption, pig
do
Stocks, pig, end of month, total§
do
Government§
_
do
Industrial
do
Imports:
Ore (tin content)
do
Bars, blocks, pigs, etc
_
do __
Price, wholesale, Straits (N. Y.)
dol. perlb_.
Zinc:
Mine production of recoverable zinc
short tons__
Slab zinc:
Production . . . .
do
Shipments, total
do
Domestic
do
Stocks, end of month
do
Price, wholesale, prime Western (St. Louis)
dol. per lb._
Imports, total (zinc content)
short tons
For smelting, refining, and export
do_._
For domestic consumption:
Ore (zinc content)
do
Blocks, pigs, etc
do
.1600
.1723
.1725
.1725
.0775
.0775
.0775
.0775
.0775
.0775
.0775
.0775
.0775
'216.5
•• 52.2
••164.3
101.0
.378
«• 192. 1
40.2
"•151.9
94.7
.378
185.5
40.5
145.0
91.8
.377
182.3
36.0
146.4
88.6
.373
159.8
27.4
132.4
82.7
.373
187.6
35.5
152. 0
91.5
.375
161.7
32.5
129.2
77.5
.383
179.4
35.2
144.1
82.5
.383
171.5
32.4
139.2
78.8
.383
175. 2
40.9
134.3
75.5
.383
195.6
46.4
149. 1
81.3
191.2
44.8
146. 3
78.7
47.2
153.6
82.9
83, 171
82, 459
83, 779
75, 847
75, 407
67, 939
68, 989
81,014
77,294
79, 167
77, 691
72,849
91. 243
112, 933
116, 793
55, 609
14, 457
36, 062
20, 952
15, 110
.2420
90, 794
103, 494
114, 744
52, 800
17, 652
43, 812
24, 047
19, 765
.2420
96, 541
113,513
118,113
60, 896
14, 041
46, 771
24,892
21, 879
.2420
87, 103
105, 127
114, 103
60, 912
13, 162
48, 624
30, 602
18, 020
.2420
82, 577
93, 258
101, 095
68, 045
13, 535
46, 606
32, 391
14, 215
.2420
73, 324
79, 613
104, 938
70, 937
6,714
58, 969
35, 935
23, 034
.2420
74, 165
74, 354
121, 879
62,093
4,971
46, 566
27,551
19, 015
.2420
87, 896
104, 148
125, 286
78, 192
9,864
41, 780
18, 150
23,630
.2420
82, 617
103, 614
123, 646
68, 160
16, 488
39, 694
13,131
26, 563
.2420
86, 680
98, 532
119, 577
71, 528
16, 599
36, 023
19, 231
16, 792
.2420
83, 192
100, 269
130, 430
60, 836
1
10, 598
49, 583
16, 677
32, 906
.2420
••80, 876
95, 979
104, 795
59,747
12, 842
41, 049
27, 469
13, 580
.2420
86, 841
94,563
112, 625
58, 487
36, 655
36, 040
33, 122
34, 618
33, 706
33, 198
32, 312
32, 244
30, 194
29, 920
29, 686
29, 280
27, 620
27, 755
33, 110
31, 806
32, 326
28,775
33, 499
27, 273
34, 864
28, 501
r 34, 337
40, 148
33, 573
41, 251
50, 701
50, 927
27, 259
44, 362
42,033
29, 437
44, 951
40, 963
33, 420
39, 952
40, 041
33, 308
44, 864
44, 404
33, 504
31, 756
40, 252
24, 997
30, 474
31, 654
23, 640
34, 273
31, 164
26, 742
36,234
37, 084
25, 871
36, 754
37, 274
25, 339
43, 746
40, 390
28, 578
44, 133
41,291
31, 297
48, 943
39, 161
41, 040
.1900
.2420
.1700
.1700
.1700
.1700
.1700
. 1700
.1700
.1900
.1900
.1900
.1900
.1900
14,916
21, 628
11, 201
18, 397
11,728
26, 950
13, 658
20, 707
20,009
25, 762
15, 397
42,460
3,491
5,152
38, 159
18, 151
19, 676
3,395
4,984
36, 232
17, 753
18, 244
3,420
5,295
35, 446
19,906
15, 435
2,994
5, 093
32, 091
18, 105
13,917
2,701
4,719
31,855
18, 944
12, 749
2,797
5,175
28, 393
16, 091
12, 236
2,414
4,947
27, 614
15, 789
11, 790
2,353
5,014
24, 242
12, 629
11, 508
2,055
4,595
22, 504
10, 454
11, 909
1,972
4,397
19, 646
8, 556
11,018
1,984
4,879
15, 094
4,868
10, 125
1,990
4,524
13, 490
3,810
9,567
2,753
4,225
1. 4546
2,204
2,274
1.4583
1,349
1,213
1. 3996
2,924
1,868
1. 1805
2,663
2,321
1. 0600
2,430
1,172
1. 0300
591
1, 865
1. 0300
4,545
1,969
1. 0300
654
1,188
1.0300
1,819
1,591
1. 0300
144
1,005
1.0973
1,472
598
1. 2150
1.2150
60, 564
56, 257
58, 779
56, 546
53, 126
54, 364
50,118
60, 546
57, 195
57, 269
60, 233
' 59, 098
60,765
80, 450
80, 462
70, 845
11, 105
77, 862
74, 419
69, 125
14, 548
80, 430
77, 567
73, 093
17, 411
77, 679
79, 299
74, 149
15, 791
78, 955
83, 346
76, 461
11, 400
74, 035
74, 191
65, 696
11, 244
70,623
64, 632
58, 436
17, 235
79, 432
73, 583
68, 365
23, 084
79, 376
77, 419
70, 084
25, 041
81, 769
84, 909
73, 694
21, 901
83, 205
78, 403
75, 039
26, 703
77, 296
77, 448
70, 928
26, 551
85, 208
85, 575
80, 121
26, 004
.1750
26, 375
3,720
.1750
23, 938
2,263
.1750
30, 140
2,269
.1750
42, 728
2,878
.1750
34, 413
3,057
.1750
32, 908
4,098
.1750
19,858
2,246
.1950
17, 556
2,309
.1950
21,537
5,411
.1950
24, 061
6,473
.1950
18, 739
2,306
.1950
49, 225
4,996
.1950
15, 292
7,363
10, 925
10, 750
13, 614
14, 257
31, 617
8,233
23,773
7,583
23,606
5,204
12, 406
6,206
7,233
8,014
9,134
6,992
9,863
7,725
11, 769
4,664
38, 980
5,249
19, 456
57, 400
12, 898
67,150
10, 443
80, 306
12, 770
86, 777
11, 461
87, 101
18, 748
87, 007
22,129
82, 630
31, 080
71, 374
19, 335
68,584
11, 168
69, 677
11,318
73,039
10, 211
77, 267
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square) :
Shipments
thous. of Ib
Stocks, end of month
do
Radiation:
Shipments
thous. of sq. ft_.
Stocks, end of month
do
3,564
4,056
2,284
4,658
3,550
2,413
2,784
2,226
2,470
2,220
4,798
3,512
4,842
8,702
8,690
9,420
9,024
3,717
6,805
7,860
7,572
8,382
7,784
8,699
Revised.
* Data beginning 1952 are in accor iance with the revise d export s(}hedule an d include c ertain prirnary forms of copper manufacti ires formei*ly exclude d; the val ue of such
exports amounted to about $1.5 million in January-S eptember 1951.
cfSee note in June 1951 SURVEY regarding additional repor ing corn pa nies begimling Febru ary 1951.
§Government stocks represent those available for industrial use; total stocks include small amount not distributed.
r
SUEVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1952
1951
April
March
May
June
July
August
September
October
November
December
January February
March
METALS AND MANUFACTURES—Continued
HEATING APPARATUS— Continued
Boilers, range, shipments
number
Oil burners:
Orders unfilled, end of month
do_
Shipments
_
_
__do
Stocks end of month
do
Stoves and ranges, domestic cooking, excl. electric:
Shipments total
number
Coal and wood
do
Gas (incl bungalow and combination) do
Kerosene, gasoline, and fuel oil
do_
Stoves, domestic heating, shipments, total
do
Coal and wood
do
Gas
do
Kerosene gasoline and fuel oil
do
Warm-air furnaces (forced-air and gravity-air flow),
shipments, total
_ __
_ _
_ number
Gas
do
Oil
do
Solid fuel
do
Water heaters, nonelectric, shipments
do
42, 122
47, 407
47, 218
43, 174
28, 467
31, 113
29, 819
30, 543
32, 370
26, 485
31, 193
28, 245
56, 894
55, 421
69, 485
53, 729
46, 877
75, 071
52, 592
41, 984
88, 512
48, 487
47, 219
91, 674
53, 854
44, 503
94, 365
48, 433
63, 578
89, 038
48, 633
75, 421
83,815
44, 987
92, 698
71, 476
35, 843
63, 705
71,886
38, 033
39, 830
76, 102
40, 256
45, 748
77, 518
36, 789
37, 792
80, 775
318, 455
12, 714
290, 989
14, 752
243, 574
8,447
225, 879
9,248
195, 121
7,911
178, 490
8,720
147, 757
9,201
129, 107
9,449
131, 695
6,313
116,952
8,430
187, 677
10, 028
169, 224
8,425
206, 276
11, 741
184, 815
9,720
236, 588
11, 330
212, 168
13, 090
216, 048
11, 549
193, 123
11, 376
168, 114
9,470
150,777
7,867
184, 275
9,501
166, 669
8,105
187, 505
9,589
166, 687
11, 229
311, 433
62, 291
159, 485
89, 657
285, 184
55, 400
164, 258
65, 526
286, 878
66, 439
131, 847
88, 592
286, 533
69, 997
141, 063
75, 473
350, 491
77, 824
158, 146
114, 521
451, 971
130, 600
168, 005
153, 366
454, 222
136, 644
177, 108
140, 470
575, 615
179, 021
241, 322
155, 272
452, 579
124, 696
200, 348
127, 535
181,159
46, 528
78, 747
55, 884
145, 268
22 761
63, 696
58 811
144, 462
19,318
60, 843
64, 301
79, 239
41, 180
24, 584
13, 475
265, 122
60, 337
30, 033
19, 616
10, 688
235, 355
56, 282
26, 897
19, 227
10, 158
200, 599
61,910
28, 232
22, 114
11, 564
163, 220
55, 045
23, 500
21, 783
9,762
127, 046
77, 192
29, 780
30, 630
16,782
153,809
87, 412
33, 329
37, 290
16, 793
160, 433
105. 689
40, 780
44, 326
20, 583
181, 623
83, 667
36, 953
34 766
11 948
173, 056
55, 281
26, 771
22, 565
5, 945
146, 263
'
50, 002
r
24, 306
r
20, 498
5,198
171, 337
48, 529
24, 017
19, 309
5,203
167, 335
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders
thous. of dol_.
TJnit 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:
New orders
__ _ .1945-47= 100 _
Shipments
do
Mechanical stokers, sales:
Classes 1, 2, and 3
number
Classes 4 and 5:
Number
Horsepower _
Pumps, steam, power, centrifugal and rotary, new
orders
_ _ _ _ _
_ thous. o f dol__
37, 314
14, 583
37, 055
17, 112
29,900
16, 342
31,637
13, 570
599.0
490.1
431.7
393.2
390.3
404.5
346.5
372.4
305.5
230.5
404.5
200.4
310.0
4,846
7,019
3,657
8,497
4,766
5,044
3,370
6,279
5,587
5,284
3,891
4,850
3,250
1,821
3,172
6,374
2,882
2,519
2,100
2,873
2,856
3,379
1,363
2,418
2,100
1,809
590.3
158.9
516.1
157.7
483.0
175.1
558.8
182.8
490.6
144.7
488.9
178.9
380.2
189.8
403.9
221.3
330. 5
226.0
376.5
264.7
347.8
266 6
»• 318. 8
279. 6
v 327. 1
v 293. 9
1,601
1,176
974
1,327
1,391
2,825
3,001
3,189
1,998
1,095
1 327
1,145
966
178
177
184
234
191
238
239
289
152
115
161
115
131
r
65, 561
72, 575
56, 624
78, 390
52, 155
61, 785
60, 984
60, 610
35, 707
21,284
43 931
57, 455
39, 165
7,654
7,583
6,371
6,852
8,358
5,911
6,552
6,506
5,908
5,553
5,517
6,020
5,925
1,614
2,118
2,055
2,498
2,112
1,696
113
87
115
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), ship1,113
1,790
1,400
1,366
ments
thousands
Domestic electrical appliances, sales billed:
330
154
242
183
Refrigerators index
1936—100
227, 216
201, 983
194, 548
Vacuum cleaners, standard type
number. _ 290, 242
376, 458
298, 797
261,648
262, 734
Washers O
do
Radio sets, production* „_
_ . do_ _ 1. 821. 254 1, 399, 962 1, 417, 828 1,120,417
Television sets (incl. combination), production*
352, 500
500, 000
405, 000
number. _ 870, 000
Insulating materials and related products:
614
626
610
662
Insulating materials, sales billed, index 1936=100
Fiber products:
Laminated fiber products, shipments§
8,626
9,279
8,911
8,583
thous. of dol. Vulcanized fiber:
4,185
4,251
5,233
5,383
Consumption of fiber paper
thous. of lb_.
Shipments of vulcanized products
2,155
2,287
2,351
thous. of doL.
2,237
Steel conduit (rigid) and fittings, shipments 9
28, 590
27, 464
27, 749
27, 891
short tons.
Motors and generators, quarterly:
696
780
New orders, index
1936=100
Polyphase induction motors, 1-200 hp:d"
64, 221
New orders. _
_
thous. of dol
56, 573
40, 357
Billings
do
48, 166
Direct current motors and generators, 1-200 hp.rcf 1
10, 666
12, 779
New orders
_.
thous. of dol_
6,082
Billings
do
7,690
r
r
r
911
725
230, 226
218 956
632, 455
235, 936
261, 512
759, 453
290, 092
254, 135
975, 892
467, 108
404, 933
409, 337
510, 561
466
548
••97
161, 002
143, 436
491,413
114
191, 299
210, 086
242, 975
319, 475
620, 956 1, 147, 837
259, 469
304, 131
921,012
219, 119
268, 645
823, 943
230, 263
224, 471
977, 977
148, 926
146, 705
337, 341
411, 867
415,332
494
539
521
559
511
97
r
1 551
233
7,136
7,230
7,389
8,032
7,513
6,833
8,115
7,830
7,796
4,701
5,461
4,802
5,462
4,711
4,170
4,836
4,484
4,216
1,847
2,129
1,711
1,804
1,523
1,232
1,646
1,618
1,565
23, 890
25, 017
25, 941
26, 680
26, 409
23, 871
25, 982
25, 530
600
573
44, 878
42, 438
44 189
40 722
9,160
5,832
10 713
6,619
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, chestnut:
Retail, composite
dol. per short ton__
Wholesale, f. o. b., car at minet
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___I
2,183
2,602
3,622
3,743
2,770
3,514
3,178
4,548
4,016
3,612
3,974
740
197
732
227
747
414
792
475
877
526
1,005
605
1,145
706
1,161
892
1,055
637
982
939
534
1,005
391
23.48
14. 450
23.35
13. 905
22.50
13. 775
22.82
13. 989
22.96
14.156
23.22
14. 319
23.32
14. 513
23.55
14. 513.
23.66
14. 513
23.67
14. 513
23.67
14.513
23.67
14. 513
44,839
41, 972
43,362
43,536
34,103
47,184
42,954
51,797
49,340
44,123
49,900
42, 785
36,162
983
8,584
702
8,714
5,398
767
10,014
7,623
36, 955
31,912
905
8,413
685
7,583
4,798
671
8,857
5,043
34, 592
31, 286
974
33,869
30,150
982
8,465
685
7,728
3,985
568
7, 737
3,719
33,214
29, 602
836
8,706
699
7,743
3,814
534
7,270
3,612
36, 656
31, 521
990
8,742
701
8,625
4,064
579
7,820
5,135
35, 754
30,190
850
8,454
40,002
33, 244
971
8,691
728
9,236
4,252
625
8,741
6, 758
41,435
34, 027
933
8,367
781
9,382
4,344
705
9, 515
7,408
42,803
34, 660
971
8,670
758
9,267
4,463
758
9,773
8,143
44, 284
34, 895
998
8,758
740
9,540
4,301
775
9,783
7, 664
4,367
609
8.269
3,306
3,902
544
7,464
5, 564
2,952
1,024
43, 770
41,100
39, 587
'31,757
927
8,171
673
8,434
3,877
743
8,932
7,830
39, 216
32,146
875
8,807
665
8,510
3,698
677
8,914
7,070
r
' Revised.
v Preliminary.
*New series. See note marked "*" on p. S-35.
©Figures through 1951 are estimated industry totals; thereafter, data cover reporting companies
only (representing about 97 percent of total industry).
§ Data for January-August 1951 and beginning January 1952, cover 14 companies; September-December 1951 , 15 companies.
9 Beginning January 1952, data include sales of an additional firm; earlier data will be revised later.
cfThe number of companies reporting is as follows: Polyphase induction, 1st half of 1951, 32; 2d half of 1951, 33; direct current, beginning 1951, 28.
t Revised series. Data formerly shown were quotations on tracks, destination. Revised figures beginning 1947 will be shown later.
SUKVEY OF CUKEENT BUSINESS
May 1952
S-35
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
May
July
June
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
PETROLEUM, COAL, AND PRODUCTS—Continued
COA L— Con tinued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons__
Stocks, industrial and retail dealers', end of month,
total
_
thous. of short tons__
Industrial total
do
Byproduct coke ovens
do
Cement mills
do
Electric-power utilities
do
Railways (class I)
_
__do_ __
Steel and rolling mills
do
Other industrial
do
Retail dealers
do
Exports
>_do_ __
Prices:
Retail, composite
dol. per short ton
Wholesale:
Mine run, f. o. b. car at minet
do
Prepared sizes, f o. b. car at minef
do
COKE
Production:
Beehive §
thous. of short tonsByproduct
do
Petroleum coke
_ _
do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants
do
At merchant plants.
do
Petroleum coke
do
Export*5
do
Price, beehive, Comellsville (furnace)
dol. per short ton__
41
90
110
98
93
96
86
104
91
35
19
19
71, 425
69, 813
16, 751
1,243
26, 529
4,854
1,091
19, 345
1,612
72, 081
70, 550
16, 462
1,232
27, 571
4,739
1,143
19, 403
1,531
74, 807
73, 109
16, 175
1,266
29, 826
4,567
1,232
20, 043
1,698
76, 992
75, 258
16, 247
1,333
31, 060
4,999
1,195
20, 424
1,734
74, 100
72 248
14, 035
1 316
31, 635
4,426
1,168
19, 668
1,852
75, 414
73 492
14, 449
1 339
32, 392
4,331
1 156
19, 825
1,922
76, 245
74 352
14, 426
1 353
33, 098
4,245
1 147
20 083
1,893
78, 019
76 080
14, 953
1 420
34, 162
4,126
1 155
20 264
1,939
77, 858
75 948
15, 123
1 508
34, 104
4,163
1,151
19, 899
1,910
76,636
74 886
15, 270
1 424
33, 398
4,172
1 181
19, 441
1,750
75, 423
73, 792
14, 827
1,361
32, 692
4,161
1,213
19, 538
1,631
76, 474
74 967
15, 786
1,342
32, 710
4,237
1,276
19, 616
1,507
3,207
4,740
5,485
5,231
4,824
6,178
6,104
6,387
5,420
4,478
5,163
3,982
16.97
16.96
16.68
16.65
16.74
16 76
16.84
17.01
17.03
17.08
17.12
17.13
5.711
6.942
5.729
6.588
5.677
6.583
5.769
6.610
5.658
6.533
5.646
6 581
5.680
6.679
5.697
6 718
5.697
6 756
5.697
6 773
5.697
6.773
5.697
6.769
641
6,042
297
561
5,911
286
608
6,122
335
625
5,943
315
526
6,104
326
616
6,152
319
547
5,923
316
629
6 114
328
619
5,882
335
625
6,114
325
637
6,168
331
r
589
5,770
310
1,266
1,134
132
118
50
1, 410
1,219
191
125
59
1,445
1,211
233
123
62
1,395
1,135
260
112
90
1,518
1,175
343
99
94
1,626
1,204
422
97
122
1,764
1,298
466
94
100
1,815
1,306
509
82
126
1,758
1,264
495
83
111
1,738
1, 295
443
104
109
1,810
1,421
389
134
112
1,765
1, 455
310
142
86
1,832
1 530
302
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14, 750
14. 750
1,895
187, 624
96
200, 535
1,769
183, 800
91
185, 488
2,074
191, 268
94
199, 521
1,975
183, 898
97
197, 246
1,896
190, 362
95
200, 322
2,307
193 201
96
202, 721
1,975
187,816
97
196, 752
2,014
197 6io
95
199 826
2,040
188 149
97
198, 258
1,947
191 650
98
206, 032
2,151
192, 712
94
205, 829
1,929
184, 654
95
193, 524
233, 824
58, 671
157, 710
17, 443
243, 180
63, 366
162, 444
17, 370
248, 418
65, 365
165,500
17,553
248, 170
65, 536
164, 934
17, 700
250, 847
67, 046
166, 077
17, 724
254 276
65, 501
171 074
17, 701
254, 900
64,916
171,730
18, 254
262 266
65, 388
179 173
17, 705
261, 100
65, 297
177, 982
17, 821
255, 783
62,311
175, 481
17, 991
254, 007
62, 436
173, 471
18, 100
255, 900
64, 614
173, 315
17, 971
2,640
14, 144
2.570
3, 615
15, 081
2.570
1,791
16,019
2.570
2,342
16, 487
2.570
2,320
17, 612
2.570
2 361
15 232
2 570
2 199
14, 458
2.570
1 947
14 473
2 570
1 858
13, 050
2 570
2,147
11, 953
2.570
2,303
15, 909
2.570
2,211
14, 083
2.570
41, 129
41, 771
35, 139
36, 908
37, 500
39, 202
37, 614
38, 303
38, 067
39, 516
38, 335
37 993
38, 453
36, 843
40, 159
37 944
40, 726
39, 111
44, 693
40, 693
45, 141
41, 483
44, 314
38, 352
45, 046
53, 568
32, 185
46, 841
25, 519
44, 104
24, 132
42, 153
24, 277
39, 400
27, 185
40, 454
27, 271
39, 547
31, 655
45,016
47, 221
50, 982
57, 233
54, 382
r 63, 185
' 56, 246
54, 489
49, 796
5,527
4,251
5,846
4,811
3,889
6, 753
4,508
3,658
6,663
4,544
3,415
6,177
4,375
3, 338
5,790
5 038
3,517
6 750
5 072
3,218
6,250
5 440
3,486
6 491
5,949
3, 313
6,331
6,295
3,244
15, 484
6,068
3,032
6,906
4,775
2,767
6,447
42, 978
37, 516
44, 736
36, 910
55, 273
39, 317
67, 839
41, 566
79, 437
45, 163
87 432
47, 243
96, 241
48, 212
102, 561
48, 415
94, 917
45, 378
80, 785
42, 063
i 66, 969
i 39, 523
55, 369
38, 295
773
1,077
1,361
982
1,884
2,679
1,149
2,471
2,280
3,119
3,203
3,005
2,554
2,962
2,410
2,553
1,185
1,962
1,854
2,006
1,894
1,831
1,654
1,847
.091
1.750
.091
1.750
.091
1.750
.091
1. 750
.091
1.750
.091
1 750
.091
1.750
.091
1.690
.091
1.650
.091
1,650
.091
1.650
.091
1.500
12 371
11,788
13, 657
40
11,511
8,678
16, 262
185
10 698
5,877
20, 331
667
9, 815
5,494
24, 169
388
10 220
6,490
27, 277
592
10 506
6 455
30 241
1,000
10 915
6,640
33, 106
1,326
11 262
10, 171
33 382
703
12 083
14, 960
29 948
538
12 171
16, 744
24, 933
387
13, 040
'1 16, 633
22, 679
752
10 742
14, 608
18 530
217
77 293
76 042
16 727
1 276
32, 724
4 299
1 322
19 694
1,251
559
6 204
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed _ __
_
number.
Production
thous of bbl
Refinerv operations
_
percent of capacity
Consumption (runs to stills)
thous of bbl
Stocks, end of month:cT
Gasoline-bearing in U. S., total
do
At refineries
_ _ _
_ __do _
At tank farms and in pipelines
do
O n leases
_ _ _ _ _ _ _ _
_ do_
Exports
do
Imports
_
. do_ _
Price (Oklahoma- Kansas) at wells dol. per bbl
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous. of bbl_.
Residual fuel o i l
_ _ _ _ _ _ _
_ do
Domestic demand:
Distillate fuel oil
_ _-do
Residual fuel oil
do__
Consumption by type of consumer:
Eloctric-power plants
do
Railways (class I) _
__do_
Vessels (bunker oil)
do
Stocks, end of month:
Distillate fuel oil
_ _ _
do
Residual fuel oil
do. _
Exports:
Distillate fuel oil
do. __
Residual fuel oil
_ _ do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol. per gal
Residual (Okla , No. 6 fuel)
dol. per bbl
Kerosene:
Production
thous of bbl
Domestic demand
do
Stocks end of month
do
Exports
do
Price, wholesale, bulk lots (New York Harbor)
dol per gal
Lubricants:
Production
thous. of bbl
Domestic demand
do
Stocks refinery end of month
do
Exports©
do
Price, wholesale, bright stock (midcontinent,
f. n. b. Tulsa)
_ _ dol. ner PR!
.101
.101
.101
.101
.101
101
.101
.101
.101
.101
.101
.101
5,108
3,691
8,209
1,533
5,175
3,550
8,393
1,377
5,454
3,850
8,451
1,477
5,094
3,632
8,444
1,387
5,241
3,348
8 662
1,593
5,379
3,592
8 875
1,499
4, 905
3,313
8 866
1,527
5,432
4,090
8,914
1,236
5,144
3,421
9 111
1,441
5,157
3,163
9 617
1,429
4,963
* 3, 381
r 9, 856
1,292
4,456
2,827
* 10, 049
1,357
.290
.290
.290
.290
.290
.290
.290
.290
.290
.290
.290
.290
5 222
r Revised.
* New basis. Comparable data for December 1951 (thous. bbl.): Distillate fuel, 85,872; residual fuel, 42,955; kerosene, 26,940.
fRevised series. Data formerly shown were quotations on tracks, destination.. Figures for 1947-50 will be published later.
.Revisions for 1950 will be shown later.
cf Includes stocks of heavy crude in California.
©Excludes "special category" exports not shown separately for security reasons.
NOTE FOR RADIO, TELEVISION SERIES, P. S-34. *New series. Compiled by the Radio-Television Manufacturers Association. Data represent industry totals based on reports
from both members and nonmembers of the association. Both private and company brands are included. Radio production comprises home, portable battery, automobile, and (beginning
1951) clock models; television sets include combination models. Monthly figures beginning 1947 will be shown later. Data for March, June, September, and December 1951 and March 1952
cover 5 weeks; other months, 4 weeks. January-February 1951 production: Radio sets—1,2(35,634; 1,396,284; television sets—650,700; 679.319.
SURVEY OF CURRENT BUSINESS
S-36
May 1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
May
Juno
July
1952
August j Severn-
October
November
December
February
January
95 859
100 039
98 551
93 134
84, 976
18, 191
88, 800
18, 941
87, 446
19,058
82, 052
18,070
7 308
8^917
88, 702
7 702
8, 838
84, 394
7 953
8, 459
' 86, 863
6 988
8,113
82, 043
105, 117
58. 160
6,911
8.379
4 098
117, 235
70, 051
7.747
8, 186
3 449
136, 161
81,054
8.178
7,896
2 5,"8
143, 910
87. 458
8. 002
8, 585
2,144
.103
.129
.200
.103
.129
.199
6,409
5 480
r
8, 399
4 483
6.137
4,875
8, 503
4.421
March
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products — Continued
Motor fuel:
All types:
93, 378
87, 319
96, 154
98 643
96, 811
98, 799
production, total
thous of bbl
96, 115
98 510
Gasoline and naphtha from crude petro85, 691
82, 140
76, 826
85, 417
leum
_ tbous. of bbl__
87, 851
87, 875
86, 942
85, 004
16, 708
17,780
16, 646
15,932
16, 367
16,977
Natural gasoline and allied products . - do
17,069
18, 167
Sales of 1. p. g. for fuel, etc., and transfers
5, 526
5, 195
6, 215
5,575
0, 542
6, 053
6 599
of cycle products
thous. of bbl
5 958
7,997
8,274
7, 586
7.803
7,982
8,658
Used at refineries
_ do
8,804
9,318
86, 846
87, 430
100, 476
100, 188
96, 093
101,206
99, 945
Domestic demand _
._
do
91,803
Stocks, gasoline, end of month:
133, 465
130, 501
119, 769
113, 734
106, 704
123, 830
Finished gasoline, total
do
106, 547
101,837
85, 096
79, 357
61,120
73, 652
70, 363
67, 250
At refineries
_ do
68, 364
56, 984
7,991
8, 687
8,431
7,826
7,748
7,742
7,600
6,963
Unfinished gasoline _ _
_ do_ _
8,109
10,065
8,522
9,079
9, 883
10, 043
9, 578
9,003
Natural gasoline and allied products.. do
2,239
1,945
3,438
1,846
2,520
4,103
Exports cT
do
4,027
3,293
Prices, gasoline:
Wholesale, refinery (Oklahoma) group 3
.104
.104
.104
.104
.104
.104
.104
dol. per gal__
.104
.129
.129
.129
.129
.129
.129
.129
Wholesale, regular grade (N. Y.)*
do
.129
.205
.200
.201
.202
.203
.202
.201
Retail, service stations, 50 cities
do_ .
.203
Aviation gasoline :£
6,113
5, 523
6, 265
5, 765
5,931
6,390
Production, total
thous. of bbl_
6,487
5,950
4,464
4,426
5,017
4,900
4, 663
5,159
4,792
4,853
100-octane and above
do
8, 566
8, 005
8, 595
8,305
7,564
8,590
7,915
Stocks, total.
_
_-do
7,726
4,048
4,053
4,006
3. 844
3,925
3,817
4, 369
3, 895
100-octane and above
do
Asphalt:
915, 600 1,123,600 1,205,600 1 , 286, 700 1 , 363, 600 1 , 247, 100 1, 225, 300
806, 500
Production
short tons
Slocks, refinery, end of month
__do_ _ 1,468,000 1, 572, 500 1. 546, 900 1,459,300 1 , 296, 500 1,064,200
814,400
947, 800
Wax:
122,640
122, 360
131 . 320
113,680
110 320
1 1 5, 920
Production
thous. of Ib
104 440
100 520
152, 600
140, 840
162, 400
168,280
] 79, 200
188,440
Stocks, refinery, end of month
do
197,680
193 200
Asphalt products, shipments: \
r
' 4, 840 ' 5, 865
' 5, 403
5, 006
' 4, 739
'4,839
' 5, 497
Asphalt roofing, total
thous. of squares..
' 6, 552
Roll roofing and cap sheet:
'980
' 1, 289
'1,062
' 1, 065
' 1 , 008
'r 1.333
' 1, 196
Smooth-surfaced
_ _ _ _ __do
' 1, 492
r
' 1,049
' 1, 086
' 1,056
r 1, 231
1,145
1,385
' 1,357
' 1 618
Mineral-surfaced
do
* 2, 883
' 2, 729 ' 2, 855 ' 2, 704 r 2, 087
'3.147
' 2, 944 r 3, 443
Shingles, all types
_ do _
'199
'178
'144
'150
^ 135
'128
' 186
Asphalt sidings _„
do
'268
64, 999
71, 673
' 50. 951 ' 41,979
49, 770
67, 044
'47,166
' 59, 202
Saturated felts
short tons.
.104
.129
.203
6.390
5, 266
7.726
3. 853
.103
.129
. 203
6, 555
5, 435
8,277
4 356
201
719 300
884, 700
671 300
605 600
975, 600 1.203,600 1,331,500 1, 527, 300
101 080
196, 280
92 400
202. 440
98 280
194 040
100 240
190,400
' 2, 485
3,516
3,549
3,869
'r 1,029
1 082
' 2. 029
' 192
' 44, 742
'634
' 656
'1,195
'120
' 32, 602
928
882
1, 705
163
44,641
876
861
1,811
144
46,644
913
888
2 067
135
45 957
2,699
2,339
5,445
' 2, 561
' 2, 227
' 5, 775
2 482
2 332
5 915
r
4, 141
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.)__
Consumption
do _ _
Stocks, end of month
do
Waste paper:
Receipts
short tons_.
Consumption
_
_do__
Stocks end of month
do
WOOD PULP
Production:
Total, all grades
thous. of short tons _
Bleached sulphate
short tons._
Unbleached sulphate
do
Bleached sulphite
do
Unbleached sulphite
_ _
do
Soda
.
do
Groundwood
do
Defibrated, exploded, etc
do_.
Stocks, own pulp at pulp mills, end of month:
Total all grades
short tons_
Bleached sulphate
do
Unbleached sulphate
..
do_
Bleached sulphite
do
Unbleached sulphite
do
Soda
do
Groundwood
do_ _
Exports, all grades, total
Imports, all grades, total
Bleached sulphate
Unbleached sulphate
Bleached sulphite. _
Unbleached sulphite
Soda
Groundwood
_
_.
do _ _ do
do —
. .-do
do .
do
do
do. _
2, 339
2,257
4,419
1,968
2,224
4,179
2,214
2,339
4,050
2,383
2,258
4,180
2,309
2,104
4,388
2,720
2,293
4,819
2,288
2,124
4,980
2,503
2,366
5,118
2,172
2,305
4,987
2,213
2,102
5,072
904, 918
870, 516
450, 186
878, 247
850, 183
479, 554
882, 722
890, 776
469, 658
847, 003
824, 615
490, 788
722, 774
667, 582
547, 347
778, 627
757, 434
562, 352
676, 423
663, 649
576, 931
725, 043
724, 715
572, 481
644, 616
640, 925
586,602
548, 752
544, 983
589 340
665, 051 ' 620, 775 647, 081
657, 518 ' 632, 317 650 550
593, 508 ' 580 809 576 038
' 1, 400
' 182, 647
' 549, 930
' 203, 733
1,414
192, 303
540, 138
193, 598
68, 017
38, 122
209, 937
98,000
1,484
198,043
567, 270
204,644
65,900
40, 607
222, 535
106, 000
1,400
188, 582
538, 139
191, 077
63,253
34,908
210, 681
101,000
1,329
177, 229
522, 335
182, 262
58, 586
29, 921
197, 911
94, 500
1,438
198, 499
550, 868
206,044
61, 287
38, 777
208, 437
98, 302
1,317
171, 930
505, 980
186, 638
61, 177
36, 941
194, 055
88, 000
1,470
198, 261
570, 792
209 922
68, 807
39, 939
214 370
85, 319
1,416
197, 916
548, 166
205 199
61,363
37, 957
203 712
83, 192
1,277
167, 475
490, 399
191 814
62, 126
35 526
192 799
77, 195
1,436
199, 797
559, 914
208 833
63, 214
39, 480
207 014
83,501
' 94, 453 100, 406
13, 112
'12,616
9,499
7,500
21, 632
' 21, 000
13, 144
11, 799
862
1,039
39, 953
38, 261
102, 953
12, 994
10, 171
24, 583
11,158
571
40, 487
110,894
15,363
12, 911
26, 138
10, 990
1,088
40, 841
111, 130
11,830
13, 685
27, 997
12, 210
987
40, 852
105, 430
11, 920
12, 542
26, 187
11,579
803
38,601
110, Oil
14,244
12, 525
27, 160
13, 054
1,088
37, 954
106, 227
13,650
12, 871
26, 290
13,012
1 129
34, 432
102, 792
14 142
12, 413
23, 293
11 480
1 927
34,880
107 057
8 718
11, 462
29 508
12 184
1 816
37 969
19, 048
180, 732
41, 549
22, 080
46. 365
40, 383
3,007
26, 451
24,282
228, 620
50, 949
36, 668
52, 594
52, 525
2,995
31, 714
19, 489
232, 277
51, 391
39, 253
49, 634
57, 787
2 717
29, 489
10, 711
213, 392
47, 001
31, 179
50, 379
53, 221
2 625
27, 199
12,007
189, 442
45, 102
21,664
46, 465
47, 888
2 988
24, 715
12, 794
164, 897
39, 227
23, 749
42, 862
35 741
2 489
19, 450
11,046
196, 712
47,668
22, 060
51,003
44 078
2 859
27 202
27, 758
172, 963
42, 268
17 928
44, 744
42 072
2 767
21 973
23, 583
169 404
45, 108
18 961
39 849
41 971
2 430
20 106
r 66, 181
38, 611
'216,545
67, 000
11, 520
199, 584
36, 395
27, 134
52, 128
47, 625
3 025
32, 183
' 1, 373
199, 614
523, 737
' 201 035
59, 548
37 651
194 723
82,763
1,456
211, 906
552 033
213 340
61 776
39' 041
214 847
86 773
108 352
11 150
12, 583
26 472
11 219
1 540
39 227
113 520
12 547
14 339
27 902
10 100
1 781
38 912
124 073
13 369
16 557
28 671
13 407
1 039
41 861
14, 540
176, 358
43, 560
21 gsg
42 074
47 656
2 273
17 974
24, 261
161 847
47, 028
18 854
4l'lll
37 294
2 654
12 475
r
"
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
' 2, 373
2,319
2, 207
2,406
2,283
1, 996
thous. of short tons_.
2, 220
2, 049
2,018
1,847
2,105
' 2, 005
2,072
1,101
' 1, 147
974
1,106
1,148
1, 105
Paper (incl. building paper)
do
1 043
1,166
1 088
1 022
1 118
1 048
1 096
1,091
'1,115
1,126
1,055
989
Paperboard
.
do
903
857
743
873
939
892
859
882
'112
132
127
123
113
103
Building board
do
119
104
82
115
95
'97
95
' Revised.
cfExcludes "special category" exports not shown separately for security reasons.
*New series. Prices are for bulk lots, f. o. b. refineries. Quotations prior to 1951 will be shown later.
I Revised data for January 1951 (units as above) are as follows: Asphalt roofing, total, 5.310; smooth-surfaced, 1344; mineral-surfaced, 1264; shingles, all types, 2703; asphalt sidiims, 205.
SUEVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-37
1952
1951
March
April
May
June
August
July
September
October
November
December
January
February
March
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association):
Orders, new
_ _ _
short tons__ 964, 941
886, 155
882,150
905, 445
812, 496
854, 043
984, 495 1, 013, 760
Orders, unfilled, end of month
do
984, 305 1,025,263
988, 500
983 823
Production
do
917, 112
885, 285
875, 512
909, 757
783, 778
894, 740
916, 683
Shipments
do
877, 033
886, 429
901, 561
770 991
895 659
090 QQO
Stocks, end of month
do _- 293, 423
300, 270
301, 420
312, 183
311, 254
Fine paper:
110, 114
Orders, new
do _
119, 245
106, 722
113, 525
108, 242
104, 721
140, 035
Orders, unfilled, end of month
do
147, 000
130, 810
137, 190
145, 100
133, 205
115,661
Production
do
117 902
113 501
117 785
95 741
116 506
116, 276
Shipments
do
112, 245
119, 902
117, 570
116, 652
98, 572
pri
Stocks, d of month
do
63, 630
64, 885
62, 470
64, 470
63 605
63 459
Printing paper:
351,015
298, 390
Orders, new
do
307, 316
311, 555
268 285
290 115
Orders, unfilled, end of month __
. do
475, 400
496, 190
489, 770
482, 155
494, 705
510 150
312, 477
285,183
Production
do
296, 203
306 518
304 666
254 382
310, 190
284, 352
Shipments
_ _ _ _ _ _
do
304, 555
297,185
305, 690
254 294
Stocks end of month
do
111,975
110, 990
112 930
113, 760
112 920
113 845
Price, wholesale, book paper, "A" grade, English finish, white, f o b mill* dol per 100 Ib
12.65
12.82
12.65
12 65
12 98
12 82
Coarse paper:
Orders, new
short tons.
315,065
297, 480
291, 940
295, 860
302, 539
277, 783
234, 820
228,315
Orders, unfilled, end of month
do
239, 175
236, 325
233, 895
235 118
306, 009
Production
do
305, 938
285, 683
302 948
303 033
277 523
305, 490
Shipments
do
308, 044
287, 582
298, 287
303, 762
270 980
Stocks, end of month
do_ _.
75, 198
78, 450
84, 265
78, 005
73, 295
84 993
Newsprint:
Canada (incl. Newfoundland):
472, 963
464, 332
Production
do
484, 563
447, 551
485, 723
452 455
Shipments from mills
_
do
473, 503
475, 034
443, 288
486, 340
480, 581
442 966
142, 542
Stocks, at mills, end of month
do
135, 486
146, 805
148, 957
146, 188
144 975
United States:
Consumption by publishers
do
394, 387
365, 324
344, 470
410, 723
403 233
333 440
Production
. _
__
do
94, 331
94,283
89, 136
96, 688
101, 574
92' 481
Shipments from mills
do
92, 898
97, 274
90, 988
93, 690
100, 003
90, 875
Stocks, end of month:
8,811
6,959
At mills
do
7,014
10 191
9,957
8 620
349, 308
358, 294
At publishers
do_
322, 750
467, 052
332, 601
393 718
95, 893
94, 331
In transit to publishers
do
95, 340
86, 522
77, 646
106 727
447, 243 396, 897
426, 291
442, 100
Imports
--do
439, 586
417 120
Price, rolls, contract, delivered to principal
106. 75
ports*
- - dol. per short ton
106. 75
106. 75
106. 75
111. 75
109 25
Paperboard (National Paperboard Association):
1,
119,
300
962,
700
1,
019,
300
1,
112,
100
Orders, new _
short tons_.
932, 200
933 000
704, 900
Orders, unfilled, end of month
do
548, 000
646, 900
658, 700
470, 800
537, 600
Production, total
_ do_ _ 1, 107, 300 1, 049, 100 1, 128, 200 1, 058, 500
890 000 1, 002, 200
104
103
94
104
105
Percent of activity
84
Paper products:
Shipping containers, corrugated and solid fiber,
7,965
7,315
6,410
5,896
7,288
shipments—
— mil. sq. ft. surface area..
5, 238
Folding paper boxes, value:
879.4
613.3
699.3
608.7
737.7
588.1
New orders
1936=100__
755. 5
815.4
851.9
778.4
704.7
599.3
Shipments
do
835, 693
982, 593
851,819
837, 409
325, 907
942, 156
976 913
946 158
947 030
325 035
819, 334
914 463
896 957
881,877
340, 425
820, 265
870 769
861, 248
863 959
338, 617
r
r
962, 506 «• 845, 036
914 567 r 907, 542
fT 932, 288 rr 865, 975
911 745
854 392
r
326, 610 r 349 916
859, 500
874 086
904, 000
889 000
364, 621
109, 384
132, 655
110 546
110, 422
63, 325
121 329
132, 495
123 623
121, 489
65 959
100, 090
110,610
122 649
121, 972
66 635
106 947
122, 703
118 200
119 040
65 795
r
136, 428 ' 115 955
r 141, 965 r 136, 386
126 753 r 122 133
T
125, 513 r r118 198
r
64 558
68 423
111, 500
120, 280
129 000
127, 000
69 427
278 225
492, 795
286 834
280, 135
119 619
320
495
313
317
114
264 508
465, 945
297 894
293, 829
118 980
274
447
291
292
117
r
r
293 000
467, 000
303 000
299, 000
134 000
13.15
338
265
161
865
915
13 15
13 15
755
761
707
939
748
r
r
343 367 r 290 075
475, 000 r 474 000
315 983 r 290 945
310 450 r 290 550
129 798 r 130 100
13 15
13 15
294, 000
182, 000
306 000
300 000
82, 500
470 456
445, 212
127 154
457 835
441 349
143 640
476 492
453,162
166 970
387 783
91 763
91, 721
345 315
97 216
95, 046
348 630
94 759
96 982
399 258
99 633
98, 696
7
430
91
403
9 738
460 378
89, 491
385 574
7
475
99
398
8 452
457, 617
87, 887
321
232
3?4
325
87
515
340
031
340
411
313, 393
229 708
321 882
316 025
93, 520
291
217
305
304
94
794
091
258
411
367
329, 159
r
192 045
320 281
r
317 727
r
66, 884
431, 082
427, 738
152 301
492 475
497 410
147 366
471 732
491, 020
128 078
435 287
461 455
101 910
381 437
90 728
92, 487
405 277
100 339
97 791
402 829
95 847
99,301
8 432
439 547
87, 037
358 866
10
434
100
458
7 526
436 244
107, 144
436 930
980
841
292
514
13 55
615
108
398
454
654
294, 386
236, 168
296 567
292, 113
88, 720
sgg
431
765
233
r 286
r 190
r 293
r 289
r 75
515
502
741
936
114 25
116 75
116 75
116 75
116 75
116 75
856, 000
458, 200
852, 500
961 900
487, 800
951 700
804, 500
365, 400
866, 300
798 300
358, 700
789 900
883,200
405, 500
835, 000
81
829, 300
355, 200
867, 800
923, 000
380, 400
880, 500
86
82
87
75
86
85
6,027
5,367
5, 074
5,550
5,569
5,935
470.8
631.1
607.6
748 9
549.4
652.8
490.3
532.2
638.3
639.9
591.0
606.0
622.6
638.1
940
743
980
781
1,172
963
1,083
872
720
557
723
575
1,371
1 081
37 407
63,501
55 214
35 037
63, 689
57 378
5,484
PRINTING
Book publication, total
New books
New editions
-
number of editions. _
do
_ _ do_ _
_ _ _ _ _
1,130
861
269
878
678
200
969
759
210
1,145
879
638
466
751
549
266
197
172
202
209
199
211
163
148
290
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stocks, end of month
.
do _
Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb_.
Chemical (synthetic):
Production
long tons
Consumption _
_
_
_ _ _
-do_ _
Stocks, end of month
do
Exports
do
Reclaimed rubber:
Production
do
Consumption
do
Stocks end of month.
_ _ _
do_ _
35, 335
76, 312
63, 166
r
39, 508
71, 679
60, 912
42, 445
68, 498
42, 371
39 998
68, 369
56, 411
35 478
67, 816
73 586
36 506
67, 491
71, 121
36 887
56, 941
61, 200
.723
.675
.660
.660
.520
.520
.520
.520
.520
.520
65, 286
65, 587
60, 614
533
66, 414
58, 787
65, 793
585
70 541
65, 027
70, 276
617
74, 188
64,718
78, 154
76 250
61, 419
89, 527
74 951
67, 260
96, 382
777
70 870
68, 460
99, 889
1,008
79 285
68, 923
109, 407
550
73 045
65, 403
116,910
1,190
76 958
60, 421
129 952
1,430
35, 094
32, 678
38, 334
34, 293
32, 428
39, 064
35, 051
34, 148
39,098
33, 509
30, 999
40, 268
29, 999
25, 500
44, 347
29, 035
28, 598
43,900
26, 885
26, 226
43, 095
29, 611
27, 744
44, 367
25, 453
24, 509
44, 049
23 677
22, 044
45 082
27, 755
26, 563
45, 067
6,693
7,235
3,620
3,493
123
2,804
120
6,540
6,255
2,755
3,412
88
3,047
106
7,116
6,730
2,692
3,911
127
3,442
88
7,222
7,185
2,603
4,439
6,734
6 602
2 361
4,126
7,549
7,163
2,813
4,230
7,429
6 657
2,519
3,967
7,746
7 050
2 553
4,315
6,419
4 518
1 800
2,520
3,512
3, 586
7,350
6 081
2,392
3,501
188
6,888
161
5,828
6,593
4,595
58
5,566
5,593
4,657
63
5 625
5,585
5,071
52
573
968
r
r
36, 776
81,627
83, 283
33 256
76 569
45 364
75 214
69, 430
137,785
1,831
.505
.505
78 166
69 290
150 747
r
r
r
35 701
66, 193
73, 807
65, 767
144, 279
2,141
.520
r
34, 642
82, 671
76, 383
T
r
r
23, 883
24, 518
43, 306
22, 812
24, 911
41,284
7,872
6 529
2 140
4,243
7,463
6 184
2 301
3,721
10, 039
11, 370
7,786
6 134
2 484
3 512
137
13, 043
TIRES AND TUBES
Pneumatic casings:
Production..
Shipments, total
Original equipment
Replacement equipment
Export _
_
Stocks, e n d o f month
Exports©
Inner tubes:
Production
Shipments
Stocks end of month
Exports
r
thousands-do
_
do
__do
do
_ _ _ _ _ __do_ _
do
do
do
_ do
do
143
118
5 381
5, 500
5,311
63
*5 178
072
5, 685
1
5,
1
57
171
4,767
147
120
4,033
126
115
108
1
1
1
6 139
5, 761
6, 272
88
1
1
1
5 694
5 069
6, 834
101
181
5,514
129
i 6 277
i 5 615
i 7, 471
94
l
Revised.
Includes data for motorcycles.
0 Excludes "special category" exports not shown separately for security reasons.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later.
i 5 506
4 812
8, 378
1
1
121
198
8,773
210
i 5 149
i 3 563
i 10 H6
144
146
150
i 5 582
5 475
1 10 343
1
93
163
164
i 5 138
i 4 958
UO 507
125
1
i 5 497
i 5 034
10 900
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May 1952
1951
March
April
May
July
June
1952
August
September
October
November
December
January
188, 389
132, 524
February
March
159, 041
162, 959
174, 155
19 874
85
11 791
17 993
4 711
17 039
73
12 696
22 336
7 056
16 545
76
14 362
24 519
r 8 987
18 09*>
78
15 993
26 621
10 723
436, 552
342 901
406 229
353 812
392 482
378 321
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments. _reams._
206, 940
179, 507
191, 138
162, 002
161, 093
174, 180
171, 584
195, 139
PORTLAND CEMENT
Production _
thous. of bbl.
Percent of capacity. __ __
Shipments
thous. of bbl
Stocks,f i n i s h e d ,e n d o f month. _ _ _ _ _ ..do
Pfr>cks, clfnkpr, ^Tid of month
do
18, 708
20, 184
82
91
' 17, 678 r 20, 921
' 23, 250 r 22, 511
8,194
8,068
21,924
21, 984
96
99
' 24, 867 '24,916
r 19, 566
r 16, 630
7,482
6,682
r
r
605, 304
599, 905
571, 338
540, 545
22, 439
98
24, 259
14,812
5, 601
r
r
22, 514
98
25, 841
11,491
4 851
r
r
22 269
100
23 253
10, 499
4 138
22 797
99
r 26 134
r
7 162
3 544
r
591,281
578 080
532, 937
466 690
20 737
93
r 17 994.
r
9 910
3 882
r
r
CLAY PRODUCTS
Brick, un glazed:
Production
thous. of standard brick. _
Shipments
do
Price, wholesale, common, composite, f. o. b.
plant f
dol. per thous
Clay sewer pipe, vitrified:
Production.. __
_
short tons__
Shipments
do
Structural tile, unglazed:
Production
do. _
Shipments
do
534, 077
550, 274
553,468
552, 881
600,516
577, 686
603, 781
571 081
538, 774
516 533
27. 317
27. 317
27. 317
27. 317
27.317
27 317
27 366
27 366
27 366
27 366
27 317
27 317
139, 653
125, 328
142, 356
134, 777
144, 666
141, 774
138, 922
137, 142
137, 727
141, 255
151, 181
150 323
137, 430
135 057
158 121
154 034
141 154
121 239
124 993
82 546
134 045
86 576
127 442
97 107
110, 146
108, 738
105, 268
108, 653
106,045
108, 866
104, 547
105, 045
101, 903
100, 040
103, 493
101 782
93 164
94 063
101 922
100 142
98 965
85 529
84 411
66 682
81 948
71 403
78 061
75 617
10, 987
10, 250
11,075
9, 583
10, 849
10, 390
10, 489
9,847
10,355
9,372
10 575
10, 543
9 134
9,397
9 341
8 948
7 804
7 714
7 603
7 568
8 941
8 485
8 783
8 053
GLASS PRODUCTS
Glass containers:
Production
thous. of gross
Shipments, domestic, total.
do
General-use food:
Narrow -neck food _
_ do
Wide-mouth food (IKC!. packers' tumblers,
jelly glasses, and fruit jars)._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 _ _ _ d o
Dairy products
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. _
738
9 400
9 005
1,116
1,067
999
908
1,125
1,432
1 072
632
674
783
859
881
2,472
2,332
2,666
2,410
2,416
2,782
2,281
2,426
2,122
1,885
2,498
2,123
2,400
447
978
1,302
2,740
883
313
8,091
617
1,190
931
2,389
823
235
9,293
803
1,468
880
2,426
878
271
9,426
969
1,786
730
1,965
823
255
9,714
858
1,848
746
1,805
695
266
10,375
602
2 279
805
1,901
722
326
10, 102
332
1 344
1,171
1 782
717
338
9,839
297
746
1 328
1 985
782
312
9,884
319
840
1,097
1 810
634
260
9,710
532
873
906
1 795
572
330
9,453
525
841
741
2 161
679
258
9 635
503
874
840
1 962
' 693
199
10 093
655
806
979
2 272
783
228
10 216
7, 570
7, 156
10, 340
7, 534
6,851
10, 933
7,292
6,760
11, 381
6, 384
5,737
11, 974
5,560
5,733
11, 769
5,807
5, 331
12, 256
4,656
4,387
12, 556
4,966
5,414
11, 978
3,889
4, 645
11,228
3,800
3,352
11, 579
4 883
4 473
11 837
5 136
5 514
9 989
6 589
5 061
10, 241
3,998
3,439
3,408
2,682
2,766
3,506
2,892
3,459
3,368
2,589
3 005
3,857
13, 945
13 366
28 778
13, 465
13 495
28 748
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous. of short tons
Production
_
do
Calcined production quarterly total
do
Gypsum'products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do_
Lath
thous of sq ft
Tile
do
Wallboard of
do
Industrial plasters
short tons
613
2,102
1,838
664
2,305
1,981
1 171
2,271
1 977
859
2 027
1 681
660, 470
656, 070
588, 584
636 366
512, 238
14, 328
137, 878
710, 197
10, 002
849, 933
76, 976
591, 646
15, 053
154, 610
745, 224
10, 710
877, 893
71, 181
590, 559
13, 711
169,219
704 333
9 386
855 222
68, 612
471,072
10, 648
146 036
602 500
7 763
776 854
71 377
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs ._
Shipments
_
do _
Stocks end of month
_ do
14, 765
14, 617
25, 780
13, 143
11, 875
27, 048
12, 943
10, 983
29, 008
12, 163
11, 453
30 208
9,383
9,259
30 332
12, 670
12, 929
30 073
11,862
12 605
29 330
13, 617
14, 374
28 573
12, 928
13 986
27 515
11, 393
11 611
28 199
13 250
13 961
28 037
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
thous. of running bales
*9,908
224
10 022
2 014
13 554
5,468
12 803
Crop estimate, equivalent 500-lb. bales
thous. of bales
i 10, 012
817, 154
Consumption^ _
bales
985, 227
832, 561
903, 041
754, 119
722, 004
672, 715
768, 072
730, 817
905 062
Stocks in the United States, end of month,
3,822
totalf
thous. of bales
6,461
5, 008
2,958
2,278
10, 759
16, 198
15, 125
12, 128
13, 646
3,716
Domestic cotton, total
._
„ do_ _
6, 349
4,906
2,848
2,166
15, 022
12, 037
10, 672
16, 090
13, 550
227
125
134
On farms and in transit
do
108
13 652
10 734
3 492
480
4 754
6 840
1,034
Public storage and compresses
_ __do
3,554
719
2,403
1,586
1,438
3,289
5,644
5,514
5,886
Consuming establishments
do
2,022
2,315
2,276
1,690
1,313
999
1,536
1,000
1,196
1,397
Foreign cotton, total
do
102
106
110
112
112
108
103
96
92
87
* Revised.
t Revised series. Data beginning 1947 will be shown later.
1 Total ginnings of 1950 crop.
2 Total ginnings of 1951 crop.
cflncludes laminated board, reported as component board.
§ Total ginnings to end of month indicated.
IData for April, July, and October 1951 and January 1952 cover 5-week periods and for other months, 4 weeks; stocks data are for end of period covered.
2 15 058
14 508
922 559
768, 889
2 15 13Q
736 535
9 060
8,981
2 421
4 920
1,639
80
7,638
7,537
1 503
4 394
1,640
101
6 351
6 254
887
3 773.
1,594
97
SURVEY OF CURRENT BUSINESS
May 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-39
1952
1951
March
April
May
June
July
August
S
m
<Tr -| October
Novem-
Decem-
ber
January
Febru-
ber
ary
March
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters)— Continued
Exports
_
balesImports
_
do __
Prices received by farmers
cents p e r l b _ _
Prices, wholesale, middling, l5/it", average, 10
markets
_
cents per lb_
Cotton linters :f
Consumption
thous. of bales.
Production
_
do_
Stocks end of month
do
354, 302
3,114
r
42.2
480, 085
9,740
43.2
371,417
16, 102
42.5
204,006
18,412
42.0
129 144
7 529
39.1
145 758
3 679
34.6
356 209
2 320
33.7
583 927
5 722
36.2
803 580
1 046
41.0
979 762
2 214
40.3
676 400
15 453
38.7
587 763
35 470
37.3
36.7
45.1
45.2
45.2
45.2
40.1
35.0
35.1
36 9
41.5
42.2
41.9
40.6
40 8
'126
77
517
111
52
468
115
36
398
96
31
327
90
21
260
88
64
231
114
175
272
136
267
367
131
247
460
117
205
538
118
221
620
120
r
174
108
140
655
2,842
79, 574
7,486
73, 856
3,950
72, 428
4,807
2,651
73, 786
2,614
63, 092
2 497
63, 850
1,935
2,279
65, 408
2 174
53, 745
1 600
64, 127
1,690
2,302
77, 431
1,846
62, 133
1 879
72, 255
1 999
49.80
43.7
25.4
25.9
45.60
43.7
24.8
25.8
42.57
44.9
23.8
25.1
39.77
46.6
23.0
23.0
38 77
45.4
(i)
20.9
37 62
41.5
17 4
18.1
33 88
40 5
17 2
18 1
31 20
40 7
17 1
18 4
28.72
41.6
17.8
19.3
29.95
42.7
18 1
19.8
29 04
42.7
17 8
19 4
28 45
42.7
17 0
18 8
.921
1.176
.921
1.176
.915
1.176
.867
1.127
.806
1 058
.767
968
.720
926
712
911
.769
.948
.791
.960
22, 246
20, 957
11, 083
554
10, 436
149.7
21, 134
19, 903
12, 447
505
11.699
136.4
21, 770
20, 516
10, 399
533
9,768
144.1
22, 145
20, 910
10, 287
514
9,677
138.9
22, 128
20, 871
9,858
411
9,241
110.7
22, 000
20, 755
9,368
468
8,786
126.3
21, 895
20, 714
9,247
474
8,745
127.8
21, 609
20, 394
11, 393
460
10, 721
124.1
21,758
20, 519
9,050
464
8,486
125.4
21, 516
20, 264
8,336
439
7,823
118.4
21, 360
20, 102
11, 399
465
10,686
125. 8
85.5
27.4
79.8
27.2
81.9
29.2
83.4
26.3
78.7
28.4
69.6
28.5
57.1
24.8
56.4
26.0
56.9
27.0
57.5
23.9
63.1
27.3
8.4
4.0
7,372
10.1
3.6
8,767
11.3
4.7
5,310
12.7
4.2
9,696
20.0
4.9
9,738
36.1
6.1
7,810
54.2
8.7
7,591
73.2
9.4
6,506
84.2
10.7
5,149
91.3
15.2
5, 946
.780
.400
.780
.400
.780
.400
780
400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
576
499
395
375
364
577
645
842
708
5.62
'5.17
4.58
4.37
4.30
4.13
4.42
4.65
4.68
27, 944
12, 716
66, 878
42, 940
12, 270
74, 872
33, 724
7,200
55, 264
33, 376
6,560
45 190
30, 700
2,395
33, 761
28, 892
4,388
41, 850
27, 392
4,500
23,330
31, 700
7,895
32, 026
25, 368
6,728
29, 665
25, 116
7,084
39, 649
2 3. 750
2
2
2
2
2
2
21.962
r 629
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production quarterly cf
mil. of linear yardsExports
_
thous. of sq. yd_
Imports
do
Prices, wholesale:
Mill margins
cents per Ib
Denim 28-inch*
cents per yd
Print cloth 39-inch 68 x 72*
do
Sheeting in gray 40-inch 48 x 44-48*
do
Cotton yarn, Southern, prices, wholesale, mill:
22/1 carded white cones
dol per Ib
40/1 twisted carded skeins
do
Spindle activity (cotton system spindles) :^
Active spindles, last working day, total ___thous__
Consuming 100 percent cotton
_
do _
Spindle hours operated, all fibers, total.mil. of hr__
Average per working day
do _
Consuming 100 percent cotton
do
Operations as percent of capacity
_ - -
3
26 61
3
.784
1 069
21, 126
19, 854
9,265
471
8,696
127.3
21, 159
19, 885
9, 040
452
8,478
122. 3
57.8
23.6
55.6
20.1
'99.3
15.7
9,509
101.7
18.0
RAYON AND MANUFACTURES AND SILK
Eayon 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, filament, f. o. b. shipping point*
dol per Ib
Staple fiber viscose 1^6 denier
do
Rayon broad-woven goods, production, quarterly cf
Silk, raw:
Price, wholesale, white, Japanese, 20/22 denier,
87% (A A), f. o. b. warehouse 9
dol. perlb..
636 338
596 707
97.5
15.2
8,011
r
r
r
.780
.780
848
1 524
1 205
'4.78
4.82
4.97
29, 330
11, 005
42, 487
24, 776
9 720
40, 557
2 1. 850
2 1. 820
2 1. 644
.740
.722
.644
.638
1. 725
2 1. 562
2 1. 375
130
1,745
14
140
1,734
18
112
47
126
50
425 004
411 100
WOOL
Consumption (scoured basis) :§
Apparel class
thous. of Ib
Carpet class
do_
Imports
do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured-- -dol. per lb_.
Raw, bright fleece, 56s, 58s, greasy, 47 percent
shrinkage
dol. per lb__
Australian, 64s, 70s, good topmaking, scoured, in
bond
dol. per lb__
3. 338
3.130
1.564
1.325
1.236
2 3. 600
a 3. 275
23.010
153
1,852
22
124
2,258
21
168
88
2. 850
2. 600
2. 230
1.125
.982
.872
2. 825
2 2. 450
140
2,200
25
145
2 252
18
148
73
120
64
73, 704
89, 941
139
76, 926
111, 730
200
57, 744
6,816
35, 460
15 468
76, 445
8,655
50, 235
17 555
1. 825
2
1. 980
.730
.770
2 2. 200
21.825
2 1. 820
110
1,685
11
139
1,908
13
141
1,772
14
116
64
46
25
89
45
75, 376
104, 316
185
79 070
100, 875
184
58, 540
75, 843
131
59, 248
6,524
41, 320
11 404
59 376
6,336
42 160
10 880
2
2
.762
21.750
2
r
2
1. 650
2
1. 600
WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms:©
Woolen and worsted:
Pile and Jacquard
thous of active hours
Broad
do
Narrow
do
Carpet and rug:
Broad
do___
Narrow
do
Spinning spindles:
Woolen
do
„
Worsted0
_
do
Worsted combs
do
Wool yarn:
Production total §®
thous of Ib
Knitting§
do
Weaving §
do
Carpet and others
do
Price, wholesale, worsted yarn (Bradford
mafhine knittin? svstem") 2/20s* dol. ner Ib _
r
3.852
124
1,750
9
130
1,787
10
129
1,763
13
89
41
98
43
96
41
100
46
71, 567
83, 351
142
67, 806
77, 342
129
69, 869
77, 098
124
72, 835
76, 698
120
70, 034
72, 078
119
r
70, 037
' 68, 175
110
73, 501
74, 150
121
50, 665
5, 315
40 225
5 125
52, 356
6,008
39, 036
7 312
48, 648
5,416
36, 520
6,712
61,670
6,795
44, 465
10, 410
51, 232
5,572
36, 708
8,952
49,004
4,856
35, 364
8,784
r
60, 710
6,150
40, 305
14, 255
53, 540
6,080
34, 476
12, 984
2.817
2.695
2.358
2.477
2.453
2.410
2.389
2.286
•
r
r
r
2
3
Revised.
1 No quotation.
Nominal price.
Substituted series. Quotations cover cotton yarns, natural stock, on cones or tubes, f. o. b. mill; $0.784, carded weaving yarn; $1.069,
combed knitting yarn. Earlier data are not available for publication.
H Data for April, July, and October 1951 and January 1952 cover 5-week periods and for other months, 4 weeks; stock data and number of active spindles are for end of period covered.
cf Beginning 1951, production of broad-woven goods is classified according to principal fiber content; production of fabrics containing 25.0-49.9 percent wool (which cannot be distributed
between cotton and rayon goods) and rayon and cotton fabrics produced on woolen and worsted looms amounted to approximately 73 million yards in 1950.
9 Substituted series. Data beginning January 1950 will be shown later.
§Data for April, July, and October, 1951 and January 1952 cover 5-week periods; other months, 4 weeks.
©Beginning 1951, looms weaving fabrics principally wool by weight.
©See note in August 1951 SURVEY regarding coverage of operations in cotton mills beginning with January 1951 data.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later.
SUEVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
March
April
r
May
May 1952
1951
June
1952
August
July
September
October
November
December
January
February
March
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES— Continued
Woolen and worsted woven goods, except woven
felts :f
Government orders
do
Other than Government orders total do
Women's and children's
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, f. o. b.// mill:
//
Suiting gabardine 56 /58 *
dol per yd
Women's dress goods, flannel, 8 oz., 54-inch
dol per yd
96, 746
79, 874
23, 451
56, 423
29, 666
26, 757
16,872
8,C65
8,807
95 702
81, 737
9,517
72, 220
38, C25
34, 195
13, 665
4,781
9,184
3,514
3. 302
0)
84 570
68, 603
32, 474
36, 429
17, 180
19,249
15, 667
9,560
6,107
90 034
76,414
29, 513
46, 901
19 868
27, 033
13 620
7,689
5,631
4.562
4.381
4.381
4.381
3.572
3.713
3.713
3.302
3.302
3.302
3.302
2.722
2.722
(i)
3.713
3.713
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft shipments
Exports i.
number.
. - - do
272
87
247
68
248
103
216
66
207
103
171
48
184
62
124
49
162
62
152
69
224
42
227
212
755, 022
639, 272
652, 727
617, 685
492, 316
549, 708
476, 002
450, 416
380, 6.50
375, 410
' 435, 216
356, 500
346, 048
93, 083
75, 653
292, 799
284, 323
87, 006
70, 834
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars total
Domestic
Tracks, total
Domestic
.
482, 263
140,047
121,461
482, 029
457, 293
134, 818
115,079
381, 407
359, 276
110, 244
91, 517
426, 932
404, 590
121,993
99, 007
365, 906
350, 246
109, 353
90, 445
526, 447
1,174
1,108
414, 533
401, 392
110, 740
92, 275
43, 436
25, 461
17, 975
43,337
24, 352
18, 985
38, 978
22, 567
16,411
39, 272
21, 148
18, 124
40,364
19, 638
20, 726
39, 401
18, 986
20, 415
26,262
11,777
14, 485
34, 857
14, 270
20, 587
30, 477
10, 273
20, 204
7,102
6,809
3,950
2,859
293
6,351
5,999
3,459
2,540
352
6,861
6,529
3,613
2,916
332
5,591
5,330
2,685
2,645
261
4,648
4,416
1,984
2,432
232
4,763
4,475
1,697
2,778
288
4,598
4,344
1, 599
2,745
254
5,605
5.304
2,251
3, 053
301
4,704
4,441
1,853
2,588
263
4,634
4,366
1,859
2,507
268
512, 599
86, 287
467, 313
84, 961
470, 446
90, 627
454, 665
87, 461
406, 333
84, 021
424, 422
87, 646
406, 217
84,814
373, 162
92, 281
332, 099
76, 517
310, 084
62, 596
301 379
59, 661
7,011
4,966
4,966
2,045
9,774
7,198
7,198
2,576
23
17
6
6
9,644
7,185
7,185
2,459
38
34
13
4
5,290
4,014
4,014
1,276
7,183
5,156
5,156
2,027
19
10
14
2
0
0
8,578
5, 755
5, 755
2,823
25
25
16
0
10, 129
6,794
6,777
3,335
12
8,274
5,781
5,781
2,493
29
17
8
12
0
9,845
6,336
6,315
3, 509
45
45
18
0
8,470
5,690
5,678
2,780
25
25
14
0
1,722
1,727
1,731
1,736
1,736
1,737
1,741
1,743
1,748
82
4.8
137, 349
98, 625
38, 724
87
5.0
138,319
94, 837
43, 482
89
5.1
134, 348
91,775
42, 573
90
5.2
128, 540
86, 935
41,605
96
5.5
125,846
84, 858
40, 988
91
5.3
121, 359
81,623
39, 736
92
5.3
118,073
80, 522
37, 551
87
5.0
113,394
76, 530
36, 864
84
4.8
110, 325
70, 914
39, 411
3,317
13.6
3,290
13.3
3,077
12.7
3,003
12.6
3,048
13.0
3,091
13.3
3,180
13.9
3,009
13.5
20
0
20
18
0
18
16
0
16
14
0
14
12
0
12
10
0
10
23
0
23
number..
do
do_ _.
do
__do_ __
do
do
617, 399
588, 435
136, 794
118,235
503, 038
475, 316
135,415
117, 483
Fxports total i
Passenger cars
Trucks and busse^t
do
do
do
42, 668
23, 115
19, 553
Truck trailers production, total
Complete trailers
.. - _
Vans
All other
Trailer chassis
do
do
do
do
do
Registrations:
New passenger cars
New commercial cars
do
do
- -
.
829
792
819
764
742
702
511,938
838
773
665
630
783
778
743
660
833
710
845
746
778
755
273, 572
258, 457
101, 060
85, 194
625
525
333, 885
'315,499
'T 100, 706
84, 670
2
2
2
2
22, 121
2 9, 226
2 12, 895
5,013
4,657
1, 950
2, 707
482, 973
569
499
373, 231
352, 645
109, 173
92, 033
30, 914
14, 272
16, 642
4,655
4,416
1,873
2,543
219
5,137
4,746
1,964
2,752
364
295 479
59, 285
322 857
63, 364
8,643
6,082
6,082
2,561
8
8
g
0
7,358
5,494
5,494
1,864
21
21
10
8,161
5 840
5,838
2.321
o
o
1,752
1,755
1,758
1,761
90
5.2
104, 831
67, 973
36, 858
87
5.0
98 566
63 482
35, 084
87
50
93,605
60 107
33, 498
89
51
91 056
58 234
32 822
2,901
13.3
2,718
12.8
2,643
12.7
2,701
13.3
2,480
12 6
21
0
21
20
0
20
18
17
1,721
1,721
1,789
1,789
19
0
19
1,720
1,720
18
1 594
1 594
17
16
0
16
1 573
1 573
1 441
1 441
r
r
313
r
r
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 T), end of month :§
Number owned
_ .thousands
Undergoing or awaiting classified repairs
thousands. .
Percent of total ownership
Orders, unfilled _
_
number
Equipment manufacturers
do
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number_
Percent of total on line
.
.
Orders, unfilled:
Steam locomotives, total
number
Equipment manufacturers
do
Railroad shops.
do
Other locomotives, total
do
Equipment manufacturers.
do
Railroad shops
do
Exports of locomotives, total
Steam
Other
do
..do
do
26
14
7
1,863
1,863
0
1,737
1, 737
0
1, 823
1,823
1,660
1,660
0
0
19
1,590
1,590
0
14
1,547
1, 547
1,804
1,804
0
0
'22
r
22
r
!8
0
o
o
34
0
34
52
1
51
34
1
33
39
1
38
48
0
48
63
0
63
50
1
49
60
1
59
65
3
62
37
1
36
595
519
76
397
354
43
464
420
44
604
519
85
538
484
54
591
529
62
447
385
62
587
545
42
728
652
76
673
581
92
o
o
3
o
o
73
37
658
607
51
681
611
4
4
4
Q
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total. .
Domestic
Export
r
3
._ ___ number..
do
do
70
702
646
rj>
1
2
Revised.
*> Preliminary.
No quotation.
Data beginning January 1952 exclude all military exports.
Beginning 1952, detailed statistics are not available.
fRevised series. Beginning with data for 1951, the Bureau of the Census reports for woolen and worsted woven fabrics refer to goods which are principally wool by weight (i. e., exclude
fabrics containing 25^-49.9 percent wool previously included).
{Excludes "special category" exports not shown separately for security reasons.
§Not including railroad-owned pi ivate refrigerator cars.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. More complete specifications are: Worsted suiting, women's and children's gabardine 10V6oz./yd.; monthly data for 1950 will be shown later.
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
24
Advertising
7, 8
Agricultural income and marketings
2
Agricultural wages, loans
15
Aircraft
11,12,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2, 6,8, 27
Aluminum
.
33
Animal fats, greases
25
Anthracite
2, 5,11,13,14,15, 34
Apparel, wearing
3, 4, 5, 6, 8, 9, 11, 12,14, 15, 38
Asphalt and asphalt products
36
Automobiles
2, 3, 7, 8, 9, 11, 12, 13,14, 18, 21
Balance of payments
__~_
20
Banking
15,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages, alcoholic
2, 6, 8, 27
Bituminous coal
2, 11, 13, 14,15,34, 35
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
33
Brick___
38
Brokers' loans
16,19
Building construction (see Construction).
Building contracts awarded
6
Building costs
7
Building materials
7,8,9
Business, orders, sales, inventories
3,4
Businesses operating and business turn-over.4
Butter
.
--27
Candy
-~
29
Cans, metal
33
Capital
flotations
18,19
Carloadings.
22,23
Cattle and calves
....
29
Cement and concrete products
2,6,38
Cereal and bakery products, price
—
5
Chain-store sales___
9
Cheese
27
Chemicals
2, 3, 4, 5, 12, 14, 15,18, 21, 24
Cigars and cigarettes
6, 30
Civil-service employees
—12
Clay products (see also Stone, clay, etc.)
2,38
Clothing
--_ 5, 8, 9, 11, 12, 14, 15, 38
Coal
2,5,11,13,14,15,34,35
Cocoa
29
Coffee
22,29
Coke
- 2,35
Commercial and industrial failures
4
Construction:
Contracts awarded
6
Costs
7
Dwelling units started
7
Employment, wage rates, earnings, hours.. 11,
12,13,14,15
Highway
-- 6,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1, 8
Consumers' price index ...
5
Copper
-_ 21,33
Copra and coconut oil
.
25
Corn
19,28
Cost-of-Hving index (see Consumers' price
index)
5
Cotton, raw, and manufactures
2, 5, 6, 21, 38, 39
Cottonseed, cake and meal, oil
25
Crops
-- 2,5,25,27,28,30,38
Currency in circulation_ _ _
18
Dairy products
Debits, bank
Debt, short-term, consumer
...
Debt. United States Government^
.
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments and rates____,
Drug-store sales
...
Dwelling units started
2,5, 14,27
15
16
17
9, 10, 16
15,16,18
13
27
1,18, 20
8,9
7
Earnings, weekly and hourly
13,14,15
Eggs and poultry
— 2, 5, 29
Electric power
_.- — _ _ 5, 26
Electrical machinery and equipment_.— 3,4,5, 7,34
Employment estimates
10,11,12
Employment indexes
_____
12
Employment security operations
_
13
Emigration and immigration.
23
Engineering construction
—
6
Expenditures, United States Government
16
Explosives
—25
Exports (see also individual commodities)-...
21
Express operations....
22
Factory employment, payrolls, hours, wages _ _ _
11,
12,13,14,15
Failures, industrial and commercial
4
Farm income and marketings
2
Farm products, and farm prices—....__
2,5
Farm wages
...
15
Fats and oils
.. 5,25,26
Federal Government,
finance
16,17
Federal Reserve banks, condition of
15,16
Federal Reserve reporting member banks.„__ 15,16
Fertilizers.. _ _
.. 5,24
Fiber products
— —.
34
Fire losses
—
7
Pages marked S
25,29
25
31,32
28
2,
3,4, 5, 7, 8, 9, 11, 12, 14, 27, 28, 29, 30
Footwear
2, 5, 8, 9,12, 14, 15, 31
Foreclosures, real estate
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
________
21,22
Foundry equipment
34
Freight carloadings, cars, indexes.__„
22, 23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
2, 5, 21, 27
Fuel equipment and heating apparatus
33,34
Fueloil___
_ _
____ _
35
Fuels
2,5,35
Furs
22
Furnaces
_,
34
Furniture
2,5,8,9,11,12,13,14
Gas, customers, prices, sales, revenues_,
5,26
Gasoline
36
Glass and glassware (see also Stone, clay, etc.). 2,38
Generators and motors
34
Glycerin
24
Gold
18
Grains
.... 5,19,21,28
Gross national product
1
Gypsum and products
___,
6, 33
Heating and ventilating equipment
6,33,34
Hides and skins
...__.
... 5,22,30
Highways
... 6,7
Hogs
29
Home Loan banks, loans outstanding____
7
Home mortgages
7
Hosiery
.
38
Hotels
- 11,13,14, 15, 23
Hours of work per week
.
12,13
Housefurnishings
__, ___,
5, 8, 9
Housing
...
5, 6, 7, 8
Immigration and emigration
23
Imports (see also individual commodities).___ 21,22
Income, personal
1
Income-tax receipts
16
Incorporations, business, new__ _ ,
4
Industrial production indexes._,
2,3
Instalment loans
_,
16
Instalment sales, department stores. _ ,
10
Insulating materials
_. .
34
Insurance, life
_.
_ _ _ _ 17,18
Interest and money rates
.
16
International transactions of the U. S
20, 21, 22
Inventories, manufacturers' and trade
3, 9,10
Iron and steel, crude and manufactures
2,
6,14,21,32,33
Jewelry stores, sales, inventories
_._.,._... 8, 9
_ _ _ ._ _ _ _ - _ . . . . „ >
35
Kerosene
Labor disputes, turn-over
_.
13
Labor force
10
Lamb and mutton
29
Lard
._..._._..._
_.__..
29
Lead
__
_ _ _ _ _ __ __
33
Leather and products
2, 3, 4, 5, 12, 14, 30, 31
Linseed oil,
„
___,
25
Livestock
...
2, 5, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
7, 15, 16, 17,19
Locomotives,
....
_ _ _ _ 40
Looms, woolen, activity
39
Lubricants
..
35
Lumber
2, 5, 11, 12, 13, 14,31,32
Machine activity, cotton, wool,
39
Machine tools
.,
34
Machinery
2, 3, 4, 5, 11, 12, 13, 14, 18, 21, 34
Magazine advertising
8
Mail-order houses, sales
__„«_
10
Manufacturers' sales, inventories, orders ——
3,4
Manufacturing production indexes
2,3
Meats and meat packing
2, 5, 11, 12, 14, 29
Metals
2, 3, 4, 6, 11, 12, 13, 14, 15, 18, 32, 33
Methanol
. 24
Milk
.......
27
Minerals
. —. 2,3,13.14,15
Money supply
.
18
Mortgage loans
— ... 7, 15, 16
Motor fuel
.___„
36
Motor vehicles
...
... 3, 5, 8, 9, 40
Motors, electrical
____._.__
34
National income and product.______
1
Newspaper advertising
.
8
Newsprint
... 22,37
New York Stock Exchange... _ _ _ _
19,20
Oats
.
.... 23
Oil burners.
,
34
Oils and fats
.... 5,25,26
Oleomargarine
_
26
Operating businesses and business turn-over. _
4
Orders, new and unfilled, manufacturers',____
4
Paint and paint materials
5,26
Paper and pulp
2,3,6, 11,12, 14,36,37
Paper products...
... 2,3,4,36,37
23
Passports issued
12
Payrolls, indexes
__ .
— _
Personal consumption expenditures....
8
1
Personal income
--,
Personal saving and disposable income.
1
2,
Petroleum and products
3, 4, 5, 11, 12, 13, 14, 15, 21, 22, 35, 36
Pig iron.
32
Fish oils and
Fl axseed
Flooring
Flour, wheat
Food products
fish
Pages marked S
Plant and equipment expenditures
1
Plastics and resin materials, synthetic
26
Plywood
31
Population
__
10
Pork
29
Postal business__
8
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
5,6
Printing
2,3,4, 11, 12, 15,37
Profits, corporation
18
Public utilities
1, 5, 11, 13, 14, 15, 17, 18, 19, 20
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio advertising
7
Railways, operations, equipment, financial statistics, employment, wages
_
1,
11,12,13,14,15,17,18,19, 20, 22, 23,40
Railways, street (see Street railways, etc.).
Rayon and rayon manufactures
2, 6, 39
Real estate
7
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Refrigerators
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores, department stores, mail order, rural sales, general merchandise
3,4,3,9,10
Rice
28
Roofing and siding, asphalt36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
22,37
Rubber industry, production index, sales, inventories, employment, payrolls, hours,
earnings
2,3,4, 12, 14, 15
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
18,19
Service industries
8, 11
Sewer pipe, clay
38
Sheep and lambs
29
Shipbuilding
.
11, 12,
13,14
Shoes
2, 5, 8, 9,12, 14, 15,31
Shortenings
26
Silk, imports, prices
6, 22,39
Silver
18
Skins
5, 22,30
Slaughtering and meat packing
2,
11,12, 14,29
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap__
32
Stocks, department stores (see also Manufacturers' inventories)
10
Stocks, dividends, issues, prices, sales, yiefds-20
Stokers, mechanical
34
Stone, clay, and glass products
2,
3,11,12,13, 14,38
Stoves
34
Street railways and buses
13,14 15,22
Sugar
22,30
Sulfur
I__
25
Sulfuric acid
.
24
Superphosphate
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 19, 20, 23
Textiles........ 2, 3, 4, 6, 11, 12, 14, 15, 21, 38, 39,40
Tile....
38
Tin.
22.33
Tires and inner tubes
6, 12, 14, 15, 37
Tobacco
2,3,4, 5, 6,7,8, 11, 12, 14, 15,30
Tools, machine
34
Trade, retail and wholesale. 3, 4, 8. 9.10,11, 13, 14,15
Transit lines, local
15,22
Transportation, commodity and passenger
22,23
Transportation equipment
2,3,4,11,12,13, 14,40
Travel
23
Truck trailers
40
Trucks
40
Turpentine and rosin
24
Unemployment and unemployment compensation
10,13
United States Government bonds
17, 18,19
United States Government,
finance
16,17
Utilities.
1, 5, 11, 13, 14, 15,17, 18, 19, 20
Vacuum cleaners
34
Variety stores
9
Vegetable oils
25,26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
Washers
Water heaters.Wax
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
Wood pulp
„
Wool and wool manufactures
Zinc.
13,14,15
34
34
36
19, 28
5,6
10
36
2, 6, 22, 39, 40
33
A Regional Market Guide
ECONOMY
State and Regional Economic Progress—
A detailed record covering two decades after 1929—with tables and charts showing each area's national ranking in various
fields of business and in resource use. Breaking down the national indexes of business growth, this volume shows the
chief reasons for the pre- and post-war differences in the various regions, and the varying rates at which per capita income
is being raised.
REGIONAL TRENDS analyzes the pre- and post-war
economic growth of the seven major geographic areas. It
graphically illustrates their gains in the last 20 years, and
highlights the factors determining the level of per capita
income in each region.
Geographic distribution of industry and population
growth—conditions influencing regional variations in income
—are analyzed along with regional differences in production,
investment, and trade, to give a clear picture of State and
regional economic progress.
REGIONAL TRENDS, a fact-finding report issued by the
Office of Business Economics, U. S. Department of
Commerce, as a supplement to its monthly magazine Survey
of Current Business, carries a Statistical Appendix furnishing
a wealth of data on income, population, employment, production, agriculture, mining, forestry, and resource development for every State and region.
Regional Trends in the United Stales Economy is now available from the nearest
Department of Commerce field office or from the Superintendent of Documents, U. S. Government
Printing Office, Washington 25, D. C. - Price $1.
UNITED STATES DEPARTMENT OF
OFFICE OF BUSINESS ECONOMICS
@FedFRASER