Full text of Survey of Current Business : May 1954
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MAY
KHTT
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1954
SURVEY
OF CURRENT
BUSINESS
No. 5
MAY 1954
PAGE
THE BUSINESS SITUATION
1
Los Angeles 15, Calif.
Atlanta 5, Ga.
50 Seventh St. NE.
Memphis 3, Tenn,
229 Federal Bldg.
Boston 9, Mass.
U. S. Post Office and
Courthouse Bldg.
Miami 32, Fla.
A Review of the First Quarter
2
Consumer Credit Contraction
*
*
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
Cheyenne, Wyo.
307 Federal Office Bid p.
National Income and Product—
7
*
1031 S. Broadway
36 NE. First St.
Minneapolis 2, Minn.
607 Marquette Ave.
New Orleans 12, La.
333 St. Charles Ave.
New York 13, N. Y.
346 Broadway
Philadelphia 7, Pa.
Chicago 1, 111.
226 W. Jackson Bird.
Cincinnati 2, Ohio
755 U. S. Po8t Office
and Custom House
SPECIAL ARTICLES
1015 Chestnut St.
Phoenix, Arizi
137 N. Second Ave.
Pittsburgh 22, Pa.
717 Liberty Ave.
Cleveland 14, Ohio
1100 Chester Ave.
International Investment Position
of the United States
9
Size Characteristics
of the Business Population
* -
*
15
*
MONTHLY BUSINESS STATISTICS . . S-l to S-40
Inside back cover
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office of Business Economics, M. JOSEPH MEEHAN,
Director. Subscription price, including weekly statistical supplement, is
$3.25 a year; Foreign, $4.25. Single copy, 30 cents. Send remittances to
any Department of Commerce Field Office or to the Superintendent of Documents, United States Government Printing Office, Washington 25, D. C.
Special subscription arrangements, including changes of address, should be
made directly with the Superintendent of Documents. Make checks payable
to Treasurer of the United States.
Albuquerque, N. Mex.
204 S. 10th St.
Buffalo 3, N. Y,
117 Ellicott St.
tenfa
Statistical Index
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Portland 4, Oreg.
520 SW. Morrison St.
Dallas 2, Tex.
1114 Commerce St.
Reno, Nev.
1479 Wells Ave.
Denver 2, Colo.
142 New Custom House
Richmond, Va.
400 East Main St.
Detroit 26, Mich.
230 W. Fort St.
St. Louis 1, Mo.
1114 Market St.
El Paso, Tex.
Chamber of Commerce
Bldg.
Salt Lake City 1, Utah
109 W. Second St. So.
Houston, Tex.
430 Lamar St.
San Francisco 2, Calif.
870 Market St.
Jacksonville 1, Fla.
311 W. Monroe St.
Savannah, Ga.
125-29 Bull St.
Kansas City 6, Mo.
911 Walnut St.
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
devoted to U. S. Government
MAY 1954
By the Office of Business Economics
BUSINESS activity experienced little change in the aggregate in the initial Spring period as some lines moved
up seasonally while others were stable or declined. This
mixed pattern prevailed among firms within individual industries as well as among the major sectors of the economy.
The even flow of disposable personal income, depicted
through the first quarter of 1954 in the chart and discussed
later in this review, was reflected in good trade volume.
Ketail sales, in April on the basis of early indications, improved from March, after allowing for seasonal factors, with
most major store groups participating in the rise. Sales for
March and April combined were only moderately below the
high rate of the same 2 months last year. The reductions
in excise taxes effective April 1 may have stimulated demand
in some lines.
Employment increased in April as a result of a seasonal
expansion of activity in agriculture, trade, construction and
the service industries. Concurrently, the April unemployment figure of 3.5 million reflected some shrinkage from
March. In nonagricultural industries, however, the April
employment increase was less than is usual for the month,
and after seasonal adjustment both manufacturing and nonmanufacturing employment were below March. The factory average work week was reduced one-half hour to 39
hours, though most of the drop for this month was seasonal
in character.
Construction remains strong. The 9-percent rise in new
construction from March to April reflected about the usual
seasonal expansion. New private construction is a bright
spot, while public construction has been stimulated by a
sizable spurt in highway activity.
Prices generally have tended to hold firm, with most industrial commodities showing little change. The slightly
rising tendency in industrial wholesale prices in April was
due largely to developments in markets for world raw materials. Prices received by farmers in mid-April averaged
slightly higher than a month earlier.
of rated capacity, compared with the March rate of 69 percent. In early May, output continued at the April rate.
Steady aggregate output has characterized the nondurable
goods industries so far this year. Textile mill activity in
April continued the even pace of the previous 4 months.
Production of rayon and acetate, however, was reduced
during the month. Paperboard companies reported another
month of large volume. Output of petroleum and refined
products moved up seasonally in April as the growth of
markets for these products has continued, although the rate
of increase was lower than that realized last year. Output
of bituminous coal was maintained at the reduced volume of
the previous month, and the low output of the mines has been
one of the factors in the 13-percent decline from a year ago
in freight carloadings by the railroads in the first 4 months of
1954.
Manufacturers' new orders, seasonally adjusted, have
experienced some pickup. The increase in the transportation-equipment industry reflected the placement of defense
orders. New orders remain below shipments to customers
so that the unfilled order backlog has diminished further.
Lower income taxes helped to keep disposable
income unchanged in the first quarter
B I L L I O N S OF DOLLARS
PERSONAL INCOME
300
200
Industry operations divergent
There is little new to record in the industrial production
pattern. Output was little changed in total in April, and is
still low in relation to sales as inventories, particularly of
durable goods in the hands of manufacturers, continue to be
reduced. Mixed trends among individual industries still
prevail. In the metalworking field output of farm machinery
recorded a modest recovery and ordnance output was further
reduced. Production of motor vehicles, where the seasonal
movement is upward, was higher than in March, and while
sales increased there was some further addition to the already
large stocks of new cars held by dealers. Steel ingot output
in April remained low, averaging somewhat over 68 percent
297225°—54
1
100
J
1951
1952
1953
I _L
1954
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54 - 17 ~ 3
SUKVEY OF CURRENT BUSINESS
May 1954
National Income and ProductA Review of the First Quarter
THE FLOW of total production and income in the first quarter
of 1954 was somewhat below the final quarter of last year,
continuing the pattern of moderate reductions which has
characterized the economy since mid-1953.
The market value of the Nation's output, as measured by
the gross national product, was down $6 billion at annual
rates from the fourth quarter of last year, about the same as
the reduction from the third to the fourth quarter of 1953.
At $358 billion, the annual rate of gross national product was
still almost $10 billion higher than the 1952 total, and exceeded all quarters of that year except the fourth.
The reduction of business inventories continued in the first
quarter and production remained below purchases for final
use. The liquidation increased moderately, from a $3 billion
annual rate in the fourth quarter to about a $5 billion rate
in the first.
Final purchases were down by $4 billion at an annual rate,
with Federal national security outlays showing the largest
decrease. At $47 billion in the first quarter, these were off
$3 billion from the fourth quarter of 1953. In marked contrast to the substantial decline in these outlays, total civilian
final purchases remained near the $316% billion fourthquarter high. Off only $1 billion from the fourth quarter,
they remained above the third quarter of last year and
exceeded by $7 billion the annual rate in the first quarter of
1953. (See accompanying table.)
Civilian final purchases firm
Over the course of the past 9 months, the combined decline
in inventory investment and in national security expenditures
has exceeded the drop in the gross national product. The
difference, approximately $4 billion at annual rates, represents the amount by which civilian final purchases have risen
from the second-quarter 1953 rate.
The bulk of this rise has occurred in government civilian
purchases, with State and local government outlays accounting for the major portion of the total. An increase in
the nonsecurity expenditures of the Federal Government
reflected the agricultural price support outlays of the Commodity Credit Corporation. These outlays have been an
important factor in checking the decline in the farm sector
of the economy.
Other civilian purchases were on the whole well maintained.
Advances in construction and net purchases from abroad
tended to offset a moderate decrease in producers' durable
equipment. Consumption remained stable in the aggregate,
with a reduction in commodity purchases counterbalanced
by an increase in service expenditures.
The incidence of the 9 months' decline in total output has
been very uneven. While moderate when considered separately, the effects of the reductions in business inventory
investment, national security expenditures, producers' durable equipment, and purchases of consumer commodities
were each concentrated mainly on the manufacture of
durable goods and led to substantial declines in production,
income, and employment in those industries.
Personal income, which measures the income receipts c
persons from all sources, amounted to $283 billion at seasonally adjusted annual rates in the first quarter—$3 billion
below the fourth quarter, but still above the first quarter of
last year.
Purchasing power maintained
Since mid-1953 the reduction in the flow of personal
income has been small relative to that in the gross national
product. Much of the decline in output was reflected in
corporate profits, but dividend payments were maintained
as corporate tax liabilities shrank and as smaller amounts of
earnings were retained. (Corporate tax liabilities and
undistributed earnings are not part of personal income.)
[Billions of dollars at seasonally adjusted annual rates]
Final purchases
Change in
Total GNP inventories
Total
National
security
Civilian
(all other)
1953
First quarter
Second quarter
Third quarter
Fourth quarter
_ _
9
4
5
5
3.7
6. 3
3. 1
-3.0
360. 2
365. 1
366.4
366. 5
51. 6
53. 5
52. 1
50.0
308.6
311.6
314.3
316.5
357. 8
-4. 8
362. 6
46.9
315.7
363.
371.
369.
363.
1954
First quarter
An increase in transfer payments—primarily unemployment insurance benefits—has been a secondary factor in the
maintenance of the personal income flow.
After-tax (disposable) personal income has been approximately stable for the past three quarters. As a result of the
reduction in the Federal income tax rates, disposable income
in the first quarter was maintained despite the dip in total
personal income and was larger than in the opening quarter
of 1953. (See chart on p. 1.)
The sustained flow of disposable income has served directly
to maintain a high volume of consumer spending. This, in
turn, has provided a favorable setting for business investment
expenditures.
Demand for Gross National Product
Personal consumption expenditures were at an annual rate
of $230 billion in the opening quarter of 1954. Although the
variation in this aggregate has been less than $1 billion in the
past four quarters, a marked shift in its composition has
occurred. Reflecting a continued increase in service expenditures and a reduction in commodity purchases, outlays for
services rose from 33K percent of the total in the first quarter
of 1953 to 35% percent in the first quarter of 1954.
May 1954
SURVEY OF CURRENT BUSINESS
Spending for consumer services mounted from $80/2 billion
at annual rates in the fourth quarter to $81% billion in the
first. This rate of increase was somewhat lower than in
preceding quarters.
With the number of new nonfarm dwellings growing at a
rate of over 1 million units per year, housing continued to
account for the largest part of the increase. The effect of the
rise in the physical stock of housing was augmented by the
advance in average rents.
The expansion in housing expenditures has been accompanied by a parallel growth in a wide variety of home services,
Including electricity, gas, water, and telephone.
Value of NATIONAL OUTPUT —
inventory liquidation continued in the first
quarter. The decline in final purchases
was slight
400
GROSS NATIONAL
PRODUCT
DECREASE IN
INVENTORIES
375
Autos down; other durables firm
Purchases of consumer durables were at an annual rate
of $28 billion, almost $1 billion below the fourth-quarter
1953 rate. The decline was attributable entirely to autos
and parts. At $12 billion the annual rate of automotive
expenditures was $2 billion below the second-quarter peak
of last year, but exceeded the annual total for any year
except 1950 and 1953.
Other consumer durables maintained the same rate as in
the preceding quarter. Continued high expenditures on
furniture and major household appliances reflected to a
considerable extent the high rate of residential construction.
Nondurable goods purchases unchanged
Consumer expenditures for noridurables, at an annual
rate of $120% billion, were unchanged from the preceding
quarter, after slipping moderately in the third and fourth
quarters of last year. These earlier reductions had occurred
primarily in food and clothing. Food outlays in the second half of 1953 were off approximately one-half percent
from the opening half of that year, and clothing expenditures
declined by about 5 percent. In the January-March quarter, consumer spending for both food and clothing was little
changed in the aggregate.
Fluctuations among the remaining broad groups of nondurable goods purchases have been minor; their combined
total has been stable for the past four quarters.
350
INCREASE IN
INVENTORIES
FINAL PURCHASES
325
300
°>
<fc
^
Aggregate consumer purchases were little
changed, though durable-goods sales were
8 percent below the peak
275
•sj
O
PERSONAL CONSUMPTION
EXPENDITURES
250
225
200
\
I
I
Fixed investment remained strong, while —
100
Fixed investment continues high
Private fixed investment was at an annual rate of $51%
billion in the first quarter, as compared with a plateau of $52
billion reached in the last 9 months of 1953. As in the previous quarter, there were moderate increases in new construction and reductions in durable equipment purchases.
New private construction activity continued to display
considerable strength in the first quarter, rising by about
$1 billion to $26% billion at seasonally adjusted annual rates.
The largest part of the increase occurred in nonfarm residential construction, which regained the $12-billion annual rate
registered in the opening half of 1953 after dipping in the
second half of that year.
The number of new private-housing starts also moved
upward averaging 1.1 million units at a seasonally adjusted
annual rate in the first 3 months of 1954. This rate was
slightly below the first quarter of 1953, but substantially
above the low third quarter of that year.
All types of private nonresidential construction except
farm maintained or improved upon the pace that was set in
1953. Commercial construction (including warehouses and
office buildings), which had spurted ahead throughout 1953
following the suspension of the emergency controls, made a
further moderate gain in the first quarter. Total outlays
amounted to $2% billion at annual rates—two-fifths above
the first quarter of 1953.
75
NEW CONSTRUCTION AND
PRODUCERS'DURABLE EQUIPMENT
50
QQ
25
J
I
government purchases were lower
100
TOTAL
(iNCL. STATE & LOCAL) ,
75
• •«**••«•*•••••••••••„
50
25
*•••
.••«••
FEDERAL
i
i
i
1952
t
i
1953
i
J_
1954
QUARTERLY TOTALS, SEASONALLY ADJUSTED.AT ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S. D. C,
54-17-1
SUEVEY OF CUREENT BUSINESS
May 1954
Table 1.—National Income and Product, 1952, 1953, and First Quarter 1954 l
[Billions of dollars]
Seasonally adjusted at annual rates
Unadjusted
1952
1954
1953
1953
1954
1953
I
II
III
IV
I
I
II
III
IV
I
NATIONAL INCOME BY DISTRIBUTIVE SHARES
National income
_
_
Compensation of employees _
Wages and salaries
Private _
Military
Government civilian
Supplements to wages and salaries
Proprietors' and rental income
Business and professional
Farm
Rental income of persons
.
..- -
291.6
306.4
75.7
77.4
77.1
76.2
(2)
306.7
310.7
308.1
300.8
(2)
-
193.2
183.6
151.1
10.4
22.2
9.6
207.6
197. 6
164.1
10.4
23.1
9.9
50.4
47.8
39.4
2.6
5.8
2.6
51.8
49.1
40.8
2.6
5.8
2.6
52.6
50.2
42.1
2.6
5.5
2.4
52.8
50.6
41. 9
2.6
6.1
2.3
50.6
47.8
39.3
2.5
6.0
2.8
204.5
194.5
161.3
10.4
22.8
10.0
208.0
198.0
164.5
10.6
22.9
10.0
210.4
200.6
166.9
10.5
23.1
9.8
207.7
198.0
164.4
10.3
23.3
9.8
205.1
194C *161. ^
10.0
23.5
10.4
51.2
26.3
14.8
10.0
49.9
27.0
12.4
10.6
12.7
6.7
3.4
2.6
12.4
6.7
3.1
2.6
12.3
6.7
2.9
2.6
12.5
6.7
3.1
2.7
12.5
6.7
3.1
2.7
50.8
27.0
13.4
10.4
49.7
27.0
12.3
10.4
49.1
26.9
11.6
10.6
50.0
26.9
12.2
10.8
49.9
26.7
12.3
10.9
40.2
39.2
20.6
18.6
1.0
41.1
41.9
22.9
19.0
-.8
10.7
10.9
5.9
4.9
o
11.3
11.5
6.3
5.2
-.2
10.2
10.9
5.9
4.9
-.6
8.8
8.6
4.7
3.9
.3
(2)
(22)
( 2)
()
.0
43.8
44.6
24.4
20.3
.8
45.2
45.9
25.0
20.8
-.6
40.7
43.3
23.6
19.6
-2.6
35.0
34.0
18.6
15.4
1.0
(22)
(2)
(2)
()
-.1
7.0
30.9
7.8
31.8
1.9
8.0
1.9
8.0
2.0
7.6
2.0
8.1
2.0
8.0
7.6
31.5
7.7
31.9
7.9
31.8
8.1
31.8
8.1
31.7
. __
__
__
_
_
3
_ ._
._
_
.
C orporate profits and inventory valuation adjustment _ . . _ .
Corporate profits before tax
Corporate profits tax liability. _
Corporate profits after tax
Inventory valuation adjustment
-
N e t interest
_.- _ _ _ _ _ _ _ _ _ _
Addendum* Compensation of general government employees
.. _ _ ._
GROSS NATIONAL PRODUCT OR EXPENDITURE
348.0
367.2
89.2
91.1
91.8
95.1
87.4
363.9
371.4
369.5
363.5
357.8
218.1
26.7
118.8
72.7
229.8
30.1
121.2
78.4
54.3
6.7
28.3
19.3
57.0
7.5
29.9
19.5
56.3
7.4
29.3
19.6
62.2
8.4
33.7
20.1
54.7
6.3
27.9
20.5
227.7
30.2
121.2
76.3
230.4
30.7
122.1
77.6
231.0
30.4
121.3
79.2
230.0
29. 1
120.4
80.5
229.8
28.2
120.4
81.3
52.5
23.4
11.1
12.3
25.4
3.7
3.1
54.4
25.1
11.8
13.3
26.7
2.5
3.2
15.0
5.3
2.4
2.8
6.3
3.4
3.5
13.4
6.3
3.0
3.3
7.0
.1
.3
14.6
7.0
3.3
3.7
6.8
.7
1.0
11.4
6.5
3.0
3.5
6.6
-1.7
—1.5
12 9
5.6
2.5
3.1
6.2
1.0
1.1
54.9
25.0
12.2
12.8
26.2
3.7
4.0
58.5
25.3
12.0
13.4
26.9
6.3
7.0
55.2
24.9
11.5
13.4
27.1
3.1
4. 2
48.8
25.3
11.6
13.6
26. 5
-3. 0
-2.3
46.8
26.4
12.3
14.1
25. 2
-4.8
-4.4
Net foreign investment
—.2
-2.0
—.1
2
-1.0
-i.c
Government purchases of goods and services
Federal
National security
National defense
._
Other national security
Other
___
_
Less" Government sales
State and local
_ _
-
77.5
54 2
48.9
46.5
2.4
5.8
.5
23.4
84.9
59.7
51.8
49.8
2.0
8.5
.6
25.2
269.7
34.6
31.1
3.6
235 0
218. 1
16.9
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 pavments
_
- .-. _. Statistical discrepancy.
- Plus' Subsidies less current surplus of Government enterprises
Equals : National income _
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
New construction
Residential nonfarm
Other
Producers' durable equipment
Change i n business inventories, total
Nonfarm only
Personal income
- _ __
.
_
_
._
___
._
______
__
_._
_____ _
- .
-
_
_
-
_.-_----.
DISPOSITION OF PERSONAL INCOME
Less- Personal tax and nontax payments.
Federal
State and local
Enuals' Disposable personal income
Less* Personal consumption expenditures
Equals* Personal saving
_
._
-
. ..
. _.
-
_.
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
. _
_
-2.1
-2.5
-2.1
20.4
14.6
12.9
12.3
.6
1.9
.2 !
5.8 j
21.4
15.1
13.4
12.8
.6
1.9
.2
6.2
21.6
15. 1
13.0
12.6
.4
2.2
.1
6.5
21.6
14.9
12.5
12.0
.5
2.5
.1
6.7
20.1
13.8
11.7
11.4
.4
2.2
.1
6.3
83.4
58.5
51. 6
49.4
2.2
7.6
.7
24.9
85.0
60.5
53.5
51.3
2.3
7.6
.7
24.6
85.5
60.4
52.1
50.4
1.7
8.8
.5
25.2
85.7
59.5
50.0
48.1
1.9
10.0
.5
26.3
82.2
55.1
46.9
45.4
1.5
8.7
.5
27.1
284.5
69.1
71.0
71.4
73.1
69.7
281.6
284.4
286.8
285.9
283.2
36.6
32.7
3.9
247.9
229.8
18.1
12.7 i
7.2
11.5
1.2
56.4
54. 3
2.1
8.7
7.8
.9
62.6
56.3
6.3
8.0
7.2
.8
65.1
62.2
2.9
12.0
10.8
1.2
57.7
54.7
3.0
36.2
32.3
3.8
245.4
227.7
17.7
36.7
32.8
3.9
247.7
230.4
17.2
37.0
33.1
3.9
249.8
231.0
18.8
36.6
32.7
4.0
249.3
230.0
19.3
33.4
29.4
4.0
249.8
229.8
20.0
348.0
27.0
28. 1
.9
.5
.1
367.2
29.3
30.0
.9
.5
—.1
89.2 i
7. 1
7. 1 1
.2 I
-.9 !
.01
91.1
7. 3
7. 5
.2
-1.3
.0
91.8
7.4
7.6
— .6
-.1
95.1
7.5
7.8
2
3^3
-.1
87.4
7.6
7. 4
2
(2)"
363.9
28.2
29.3
.9
-1.2
.0
371.4
29.2
30.1
.9
2
369.5
29.6
30.2
.9
.4
-.3
363.5
30.0
30.4
.9
1.1
357.8
30.3
30.4
.9
(2)
-.3
291.6
306.4
75. 7 '
77. 4
77.1
76.2
(2)
306.7
310.7
308.1
300.8
40.2
8.6
-. 1
41.1
8.9
.0
10. 7 i
2. 6 i
.0
11.3
2.3
.0
10.2
2.1
.0
8.8
1.8
.0
(2)
2.9
.0
43.8
9.0
.0
45.2
9.0
.0
40.7
8.8
.0
35.0
8. 7
.0
(2)
10.0
.0
12 0
4. 9
9. 1 !
.91
19 8
3.2
1. 1 !
2.2 i
.2 i
3.2
1.6
2.2
.2
3.1
1.1
2.2
.2
3.3
1.4
2.7
.2
3.6
1.2
2.5
.2
12.6
4.9
9.2
.9
12.6
5.0
9.4
12.6
5.1
9.6
.9
13.3
5.2
9.4
.9
14.2
5.2
9.6
.9
71.0
71.4
73.1
69.7
281.6
284.4
286.8
285.9
283.2
269.7
1. Detail will not necessarily add to totals because of rounding.
2. Not available.
Institutional and social and recreational building, which
also had been subject to emergency controls, continued the
rise which started in 1953.
A considerable part of the expansion in commercial, institutional, and recreational construction complemented
— .6
5. 1
9.3
.9
284.5
69.1
;
:
*
;
6.2
1.0
63.8
57. 0
6.8
(2)
3. Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
the growth in housebuilding, particularly insofar as the latter
has involved the opening up of new communities in suburban
areas.
Public utility construction maintained the record pace
that was reached in the second quarter of last year. Indus-
May 1954
SUEVEY OF CUEEENT BUSINESS
trial construction, which had declined in both the third and
fourth quarters of last year, advanced in the first quarter.
Outlays for most types of producers' durable equipment
were well maintained in the first quarter. The reduction
from $26% billion to $25 billion was concentrated in business
purchases of motor vehicles and farm purchases of machinery
and tractors.
Inventory liquidation continued
The liquidation of business inventories continued in 1954,
.,ith declines occurring in each of the first 3 months of the
year, on a seasonally adjusted basis. For the quarter as a
whole, the net reduction amounted to about $5 billion at an
annual rate, as compared with $3 billion in the fourth quarter.
As in the preceding quarter, virtually all of the liquidation
occurred in durable goods, with nondurable-goods inventories
changing little in the aggregate. But whereas the fourthquarter liquidation had been mainly in trade, with automobile inventories accounting for a substantial part of the
decline, the first-quarter liquidation was mainly in manufacturing and automobiles played a much smaller part. The
largest declines in manufacturing occurred in fabricated
metal products and in the electrical and general machinery
industries. Inventory reductions in the primary metal
industry were small, in contrast to the appreciable liquidation
in the fourth quarter of last year.
The net import surplus on goods and services other than
those matched by unilateral aid continued unchanged from
the fourth quarter of last year at an annual rate of $1 billion.
It had been running at an annual rate of about $2 billion
earlier in 1953, but narrowed largely as a result of the
reduced scale of United States business buying from abroad.
This reduction was a reflection of the inventory adjustment
in the domestic economy.
Although the net import balance remained unchanged in
the first quarter, present indications are that both imports
and exports were reduced moderately.
Reduction in national security outlays
Combined Federal, State, and local government purchases
of goods and services declined from an annual rate of $85%
billion in the fourth quarter to $82 billion in the first. This
decline, as noted earlier, was the largest single element in
the first-quarter movement of the gross national product.
Most of the reduction in Government purchases occurred
in Federal national security expenditures. These outlays
amounted to $47 billion at an annual rate, as compared with
$50 billion in the preceding quarter, and with $53% billion
in the second quarter of last year, when they reached their
highest point. The decline continued to be concentrated in
hard goods, but a reduction in military payrolls also occurred
in the past two quarters.
Other Federal Government purchases also dropped in the
2rst 3 months of the year, reflecting lower agricultural price
support outlays. These outlays had accounted for the substantial rise of Federal nonsecurity purchases in the two
preceding quarters, and for the year 1953 as a whole had
amounted to $3% billion as contrasted with $% billion in the
preceding year. They continued at a high rate in the
opening quarter of 1954 and were down only in relation to
the extraordinary level registered last fall.
State and local government purchases continued to rise in
line with the previous trend, reaching an annual rate of $27
billion in the first quarter. Highway and school construction programs remained important elements in the expansion
and payrolls continued to increase.
The Flow of Income
Personal income was off from an annual rate of $286
billion in the fourth quarter to $283 billion in the first.
Wage and salary receipts of individuals dropped by $4
billion. About $% billion of this reduction was due to increased rates of employee contributions under the old-age
and survivors insurance program (personal income is measured net of these contributions); the remainder reflected a
dimunition of wage and salary disbursements which stemmed
from the cutbacks in production that have been discussed
earlier in this review. The major offset to the reduction in
wages and salaries was in transfer payments, mainly unemployment insurance benefits. Other types of personal income
were little changed.
Disposable personal income (personal income after taxes)
remained unclaanged in the first quarter as payments of
Federal individual income tax were reduced by about $3
billion at annual rates. About $2% billion of this reduction
reflected the effect upon current tax payments of the cut in
Federal income tax rates; the remainder was due to the
shrinkage in taxable incomes.
A downdrift in personal income was evident on a monthly
basis also, as wage disbursements diminished at a fairly even
rate during the quarter. With unemployment benefits offsetting some of this decrease, personal income in March, at
an annual rate of $283 billion, was about $2 billion below
December.
Total wage and salary disbursements in the first quarter
amounted to $194% billion at seasonally adjusted annual
rates, about the same as in the corresponding quarter a year
ago, but down from the $198 billion annual rate of the fourth
quarter.
The principal declines in private industry payrolls occurred in manufacturing, transportation, and mining. The
production cutbacks associated with the inventory readjustment, the reduced scale of defense purchasing, and the
more moderate rate of expenditures for autos have had their
most pronounced effects in these industry divisions. Frequently the combined impact of several of these factors has
been felt by the same industries, areas, and individual companies.
More than two-thirds of the decline in factory payrolls in
the first quarter occurred in the durable-goods industries.
However, the decline in the group as a whole was about onefifth less than it had been from the third to the fourth quarters of last year, as rates of decline in electrical machinery,
fabricated metal products, and lumber and furniture slackened. The largest quarterly decline occurred in primary
metals (including ordnance and accessories), where payrolls
were reduced at about the same rate as in the fourth quarter.
Cutbacks in nondurable-goods manufacturing were on the
whole relatively moderate. The largest decline was in the
textile industry, which had shown a comparable drop in the
fourth quarter of last year.
The overall reduction in factory payrolls was mainly due
to the continued decline in employment. Further cutbacks
in the length of the average workweek were a contributing
factor, but accounted for a much smaller proportion of the
total payroll reduction than from the third to fourth quarters
of last year.
On a seasonally adjusted basis, average weekly hours in
the durable-goods manufacturing industries, for example,
were reduced by 1 hour in the fourth quarter and by onehalf hour in the first. The workweek in the nondurablegoods industries had also shown an appreciable decline in
the fourth quarter, but leveled out in the first. Somewhat
higher average hourly earnings acted as a small offset to the
6
SURVEY OF CURRENT BUSINESS
effects of reduced employment and hours on total factory
payrolls.
Railroad payrolls accounted for virtually all of the decline
in the transportation industry. The decline in mining was
concentrated in bituminous coal.
Wage disbursements in other private industry divisions,
Recent Trends in Persona! Income
SJLLtONS Of DOLLARS
280 -
200
OF
1954
IMLLiQHS OF DOLLARS
160
too
MANUFACTURING
WAGE AND SALARY
DISBURSEMENTS
140
80
120
60
too -
ALL OTHER N O N F A R M
WAGE A N D S A L A R Y
DISBURSEMENTS
ao
401UUJJJ.
80 f
100
TRANSFER
PAYMENTS
ALL OTHER N O N F A R M
PERSONAL I N C O M E
60
SO
4O
60
£0
40 -
£0 IjlJJjJLu
1953
MONTHLY TOTALS > 8£ASO*JALtY
1952
I9&3
1954
^ AT ANNUAL RATES
which account for almost one-half of the private industry
total, were generally well maintained.
Government payrolls stable
Government wages and salaries were at an annual rale of
$33% billion in the first quarter, A reduction in military
payrolls was offset by an increase in State and local government employee earnings. Federal civilian, payrolls, which
had shown a steady decline since the first quarter of 1953,
leveled out in the first 3 months of the current year.
Proprietors' and rental income, at an annual rate of $50
billion, was about the same as in the fourth quarter of last
last year. Reflecting in part the effects of Federal farm-pricesupport operations, farm proprietors' net income has tended
to stabilize during the past two quarters at a point somewhat
above the third-quarter low of last year. A pickup in the
marketings of livestock and livestock products, which are
not generally subject to price supports, also checked the
decline in farm earnings.
Dividends stable
300
1955
May 1954
Dividend disbursements continued to edge forward in the
opening quarter of the year, reaching an annual rate of $9%
billion.
In recent quarters these disbursements have been maintained in spite of a sharp reduction in corporate profits.
Full-year 1953 data that have recently become available
confirm previous indications that the seasonally adjusted
annual rate of profits reported for the first half was not
realized ^ for the year as a whole. Continuation of the
decline in the profits share (including inventory valuation
adjustment), which occurred from the second to the third
quarter of the year, plus a variety of year-end adjustments,
contributed to an implied drop from the third to the fourth
quarter of nearly $6 billion at annual rates. The expiration
of the excess profits tax at the end of 1953 may have operated
to reduce fourth-quarter profits somewhat by providing an
incentive to incur expenses in this quarter which otherwise
would have fallen into the ensuing accounting period, but
data are not available to evaluate this influence.
By far the largest part of the fourth-quarter decline
occurred in manufacturing. Trade, transportation, and
other public utilities were also affected.
Analysis of the data for individual manufacturing industries is limited by the absence of clear-cut seasonal norms in
many cases. On an unadjusted basis, durable-goods lines—
chiefly the metals, automobiles, and machinery—bore the
brunt of the drop. Nondurables were somewhat less affected,
although significant reductions in the fourth quarter were
reported for food, textile, and chemicals producers.
For the tyear 1953 as a whole, the corporate profits share of
the national income is now estimated at $41 billion, or about
midway between the 195.1 peak and the 1952 total of $40
billion. Corporate profits before tax—including inventory
gains and losses, which are eliminated in measuring the
national income share—amounted to about $42 billion as
compared with around $43X billion in 1951 and $39 billion
in 1952. Corporate profits after taxes last year are placed
at about $19 billion, below the 1951 total" but somewhat
above the value for 1952. The quarterly estimates of
after-tax profits are based on a single tax rate for the year
as a whole, and therefore mirror the quarterly changes in
before-tax profits.
It must be emphasized that all of these figures are preliminary pending the availability of comprehensive data from
the income-tax-return tabulations. In addition to possible
errors in the estimates of aggregate before-tax incomes,
uncertainty attaches to the after-tax
figures because of the
difficulty of estimating the 3rield of the excess profits tax;
moreover, it is not possible at this time to allow for the effect
of the statutory loss-carryback provisions on ultimate tax
liability.
Comprehensive first quarter 1954 data are not yet available, but there are indications that the substantial declines
that characterized the latter part of 1953 have not continued.
After-tax profits in 1954 will not be reduced, as they have
been in recent years, by the excess profits tax.
May 1954
SURVEY OF CUKKENT BUSINESS
Consumer Credit Contraction
IN THE first quarter for the first time in many years, consumers reduced their aggregate liability on seasonally adjusted
liort- and intermediate-term debt outstanding. The only
previous occasions, aside from seasonal movements, that
debt outstanding has contracted appreciably since the outbreak of World War II were attributable to the imposition
of credit controls, first in 1942 and then in 1950.
In the January-March quarter, consumer credit outstanding contracted somewhat more than is usual for that season
of the year. Most of the contraction occurred in installment
credit, but noninstallment credit also declined owing chiefly
to the substantial payments against charge accounts.
The credit shrinkage in January, seasonally adjusted,
amounted to about one-half of 1 percent for the month and
continued at the same rate in February. In March, the
rate of contraction increased to 1 percent notwithstanding
minor increases in personal installment and single payment
loans and service credit.
The volume of consumer credit outstanding reached its
maximum at the 1953 year end when it aggregated $28.9
billion, the equivalent of 11.7 percent of the year's disposable
personal income. Although this percentage compares to 11
percent in both 1940 and 1952 and was also above all other
previous periods, it should be noted that there has been an
Apparent long-term growth trend in the use of consumer
credit which has tended to raise slightly the use of credit relative to disposable income. The growth trend, in turn,
probably steins at least in part from the larger proportion of
durable goods purchases in total consumer purchases for
recent years as compared to prewar—13 percent in 1953 as
compared, for example, with 12 percent in both 1929 and 1941.
The expansion of consumer credit has been accompanied
by an exceptionally large increase in personal holdings of
liquid assets since the prewar period. The growth of liquid
assets (i. e., currency and bank deposits, savings and loan
association shares, and U. S. Government securities) since
prewar has been even larger, in amount and rate of growth,
than the rise in consumer credit outstanding. Thus the ratio
of outstanding consumer debt to personal holdings of liquid
assets at year end in 1953 was 12.1 percent as compared to
13.4 percent in 1940. The ratio of consumer outstanding
debt to disposable personal income combined with liquid
asset holdings was approximately the same on December 31
last as at the 1940 year end.
Credit contribution to economic activity
Increased supplies of consumer credit made available by
financial institutions and retail outlets, as well as the growing disposition of consumers to supplement their disposable
income and liquid assets by making use of such short and
intermediate term credit, have contributed to the rapid
post-war growth of economic activity. An idea of the relative importance of the use of this credit instrument is obtained by comparing the annual net increases in credit with
the corresponding changes in disposable personal income and
consumption expenditures.
In 1949, for instance, the only postwar year in which personal income declined from the preceding year, the net new
consumer credit was just equal to the rise in consumer ex
penditures; in other postwar years, however—excluding
1951 when credit expansion was restricted by government
controls—net new credit has been equivalent to from 11 to
44 percent of the annual increase in consumer expenditures
and from 15 to 44 percent of the annual increases in disposable income. Last year, net new credit expansion was equal
to 24 percent of the rise in personal disposable income and
to a little more than one-quarter of the increase in personal
consumption expenditures.
In no postwar year so far have consumers failed to expand
their use of credit. If and when they do so, the net contraction will tend to absorb disposable personal income, and
unless otherwise offset, to restrict their buying. At the end
of March, total consumer credit outstanding was approximately $1.7 billion below the amount outstanding at the
year end, but after allowance for the usual seasonal postholiday drop, it was off only about one-half billion dollars.
Installment credit contracts
All last year, consumer use of installment credit was a
stimulating factor, but the degree of stimulus became progressively less. By the final quarter of the year, the seasonally adjusted net new installment credit expansion was less
than one-fourth that of the opening quarter. In the first
quarter of the current year, installment credit outstanding
contracted as repayments exceeded new credit extended.
Installment Credit Extensions and Repayments
[Seasonally adjusted, millions of dollars]
1953:
TT_
1954:
New credit
extended
Repayments
7, 895
7,489
7, 265
7, 165
6, 544
6,611
6, 708
6, 826
1, 349
878
557
339
6, 654
7,033
-379
Net increase
It is clear from the figures that this change in the role of
installment credit was brought about by the combination
of two separate trends underway since the opening quarter
of 1953, the declining amounts of new credit extended and
the rise of repayments. Of the two, the decline of new credit
extensions appears to have been more important than the
rise of repayments in accounting for the shift. This suggests
that the underlying reason for the net decline in outstanding
credit was the slackening in purchases of the type of goods
largely bought on credit, a development analyzed in an earlier
issue of the SURVEY.
Except for repayments and delinquencies, the volume of
repayments in a given month is virtually predetermined by
the terms of loan contracts previously entered into. The
new credit extended, on the other hand—assuming ample
supplies of funds on acceptable terms—hinges largely on the
demand for high-ticket goods which are usually sold on
credit, particularly in cases where the buyers are in the lower
income groups.
During the greater part of 1953 and the initial quarter of
1954, new extensions of installment credit progressively declined relative to consumer purchases of durable goods from
8
SUKVEY OF CUE-RENT BUSINESS
the high ratio that prevailed in the final quarter of 1952,
when extensions of new installment credit
were one-tenth
larger than durable goods purchases.1 This suggests that
during the past year sales of consumer durable goods have
been increasingly restricted to those who could pay all cash
or larger portions of cash than formerly.
Because total installment credit outstanding continued to
expand through December, however, the repayments generated by the contracts in force have kept growing so far this
year. Whereas, in the opening quarter of 1953, they absorbed 10.7 percent of disposable personal income, during the
January-March period of 1954 they absorbed 11.3 percent.
Automobile installment loans down
In each of the first 3 months of this year, repayments on
automobile installment paper exceeded new credit granted
by roughly one-ninth. Total contraction of auto installment
credit for the quarter on a seasonally adjusted basis was
$330 million as repayments of $3 billion set a high record for
any quarter while new credit extensions of $2.7 billion were
one-fourth lower than in the corresponding 1953 period.
New automobile installment loans granted have been on
the decline since early 1953 (see table). The decline is
attributable not only to a reduction in the number of units
sold—lower sales of new cars chiefly, as used-car sales have
held up—but also to some drop in the proportion of credit
sales, to a pronounced cut in used-car prices and hence in the
amount lent per used car, and to some tightening of credit
terms for used cars.
Judged by the ratio of new (automobile) credit granted to
retail sales of automotive dealers—the 1953 ratio averaged
43 percent—the use of automotive credit was less of a contributing factor to sales in 1953 than in 1952 when the ratio
averaged approximately 47 percent. In 1940 the ratio was
48 percent. During the 1954 January-March quarter, new
automotive installment credit extended amounted to only 38
percent of retail motor vehicle dealer sales and repayments
were at a high point. This credit availability and use provided less stimulation to automobile sales than at any time
since 1951, when consumer credit controls were in effect.
durable-goods stores except automotive dealers attained the
maximum value of 30.9 percent in the third quarter of 1952;
thereafter it declined steadily until the final 1953 quarter
when it stood at 27.8 percent. In the opening quarter of
the present year, it rose slightly to 28.3 percent. The
downtrend of this ratio since 1952 suggests a declining proportion of credit sales to total sales.
Personal installment loans and loans granted for home
repair and modernization both expanded on a seasonally
adjusted basis in the January-March period. The amount
of the rise, about 1 percent in each case, was considerably
smaller than the average quarterly increases of about ?
percent that occurred in 1953. New personal installment,
loan credit granted during the quarter averaged 2.7 percent
of personal consumption expenditures combined with personal tax and nontax payments. Consumers were accordingly making about the same relative use of this type of
credit as during the past 2 years, but slightly less than in
1940 when new extensions of this type of credit amounted
to 3 percent of personal consumption expenditures plus tax
and nontax payments.
Noninstallment credit also lower
Charge accounts, the major component of noninstallment
credit, after declining a little less than usual for the season
in January, were paid down more than seasonally in February and again in March. At the end of March, charge
account credit outstanding, seasonally adjusted, was about
2 percent below the year-end amount. It was also 6 percent
below March 1953, although the late Easter probably
accounted for some of this drop. This type of credit is
outstanding for a short time only and acts more as a convenience to buyers than as a supplement to income and
liquid assets in contributing to consumer purchases.
Table 2.—Automobile Installment Credit and Retail Sales of
Automotive Dealers
[Seasonally adjusted]
Year
Other installment credit
Installment credit outstanding on consumer goods other
than automobiles also contracted during the January-March
period more than it usually does after the holidays. New
grants of this type of credit, seasonally adjusted, reached
their maximum in the second half of 1952 and declined
gradually during 1953. The total outstanding continued to
rise until the third quarter of 1953, when rising repayments
approximately equaled new extensions. In the OctoberDecember period, seasonally adjusted repayments absorbed
$40 million more than the new credit granted and thus
reduced the amount of this type credit outstanding by nearly
1 percent. The contraction in the first quarter of 1954
approximated 2 percent of the amount outstanding and was
entirely due to the continued rise of repayments as new
extensions held at the October-December volume.
The decline since late 1952 in credit granted for the purchase of consumer goods other than automobiles appears to
have been ascribable chiefly to lessening demand, particularly on the part of buyers who customarily employ credit.
Price declines may also have contributed, although the retail
price reductions appear to have been small. The ratio of
new extensions of this type of credit to retail sales of all
1. Extension of installment credit in excess of durable goods purchases is explainable on
various grounds. Perhaps most important are the fact that transactions in second-hand
goods, such as used automobiles, are represented in durable-goods purchases only to the extent
of the dealers' margins and the fact that some of the credit is used for other purposes than buying durable goods.
New
credit
extended
Repayments
Net
increase
Retail sales,
automotive
dealers
Millions of dollars
1953: I .II
III""
IV
Year
1954- I
Ratio new
credit extended to
sales, percent
3, 658
3,400
3, 263
3,232
2.718
2,811
2,850
2,984
940
589
413
248
7,975
8,070
7,714
7,713
45.9
42.1
42.3
41.9
13, 553
2,715
11,363
3,047
1,990
-332
31,472
7,092
43.1
38. 3
Source: Installment credit, Board of Governors, Federal Reserve System; Automotive Dealers, Sales, U. S. Department of Commerce.
Service credit, after a small contraction in January,
increased slightly in February and March. The amount
outstanding at the end of March was a little above the 1953
year-end figure and approximately the same as a year ago.
This is a generally short-lived, convenience-type credit
rather like charge accounts and in recent years har been a
fairly constant proportion, somewhat more than 2 percent,
of consumer expenditures for services.
Single-payment loans are the one form of noninstallment
credit which, because fof their longer average duration,
consumers can use appreciably to augment their purchasing
power. Single-payment loans have not grown so fast in
recent years as personal installment loans. Unlike personal
installment loans which increased during the first quarter
and also stood higher than on March 31, 1953, singlepayment loans contracted about 2% percent in the JanuaryMarch period and amounted to 6 percent less than 1 year
earlier.
by Samuel Pizer and John B. Boddie
International Investment Position
of the United States
N,(EARLY $21 billion was added to United States investments abroad during the years 1947 through 1953, bringing
the total to $39.5 billion by the end of that year. In the
same period, foreign assets in the United States rose by
nearly $8 billion to $23.6 billion. Previous articles in the
SURVEY and special supplements to the SURVEY have contained information on many aspects of postwar international
investments. The present article incorporates this information, revised to a consistent basis for the en tire period 1946-53,
and provides new information on the value of the various
types of investments and assets comprising the net creditor
position of the United States, especially with regard to
foreign-owned assets in the United States.
The increase in United States investments abroad from
1946 through 1953 was about evenly divided between private
investments, and credits and subscriptions to the International Bank and Monetary Fund by the United States
Government. Most of the addition to foreign investments
in the United States was in relatively liquid dollar assets,
including deposits and other short-term claims against banks
and commercial concerns as well as obligations of the United
States Government. The latter are held primarily by foreign official accounts as readily-available reserves.
By the end of 1953 the United States had a net creditor
position of about $16 billion, as measured in table 1. Over
time the accumulated net creditor position reflects primarily
the cumulative net surplus in the balance of payments on the
aggregate of goods and services, less net unilateral transfers
to foreign countries. One very important means of financing
the surplus or deficit in the balance of payments, however, is
not reflected in the international investment statement—
namely, the international flow of gold. On the other hand,
the value of international investments is affected not only
by capital movements appearing in the balance of payments,
but also by the reinvestment of corporate earnings, changes
in market values of securities, and adjustments for other
factors such as writeoffs, seizure without full compensation,
and changes in foreign exchange rates. The importance of
these factors is summarized in tables 6 and 7.
The composition of the assets and liabilities comprising
the international investment statement is extremely varied.
Included are long-term private investments made for business considerations, United States Government credits
extended to help strengthen the economies of other countries,
and a large part of the monetary reserves of foreign countries.
United States private long-term investments abroad at the
end of 1953 were $22.1 billion as against about $9.1 billion
for similar foreign investments in the United States. United
States private short-term assets abroad, mostly commercial
credits, were only $1.9 billion while foreign liquid dollar
assets in the United States, mostly financial reserves, were
$14.5 billion at the end of 1953. There is no foreign counterpart, of course, for United States Government credits
outstanding of $15.7 billion.
Because a much greater part of United States foreign
investments is income-producing, and especially because
United States direct investments abroad are far larger than
similar foreign investments here and are primarily involved
in developing productive capacity abroad, United States
earnings abroad are much greater than foreign earnings here.
In 1953, United States earnings, including reinvested
NOTE.—MR. PIZER AND MR. BODDIE ARE MEMBERS OF THE BALANCE
OF PAYMENTS DIVISION OF THE OFFICE OF BUSINESS ECONOMICS.
1. See SURVEY OF CURRENT BUSINESS for December 1953, "Income on International Investments."
297225°—54
2
International Investment Position of
the United States
U. S. INVESTMENTS ABROAD
30
PRIVATE
INVESTMENTS
20
10
U. S. GOVERNMENT CREDITS
2
FOREIGN ASSETS AND
INVESTMENTS IN THE U. S.
°
SHORT-TERM ASSETS AND
U.S. GOVT. SECURITIES
10
DIRECT INVESTMENTS .CORPORATE
SECURITIES, AND MISCELLANEOUS
1
1946
47
48
49
50
51
V A L U E , END OF YEAR
5Z
53
OFFICE OF BUSINESS ECONOMICS, U. S. D. C.
earnings, were $2.6 billion, while foreign earnings here were
$0.5 billion.1 This excess of United States earnings is most
significant from the point of view of the balance of payments,
and is a highly important aspect of the creditor status of the
United States.
United States Investments Abroad
The postwar growth of American direct investments
accounted for nearly 90 percent of the postwar rise in
SURVEY OF CURRENT BUSINESS
10
private investments abroad. The share of direct in total
private investments rose from about 45 percent in 1930 to
about 70 percent by the end of 1953. Complete information
in direct investments has been published recently in Foreign
Investments of the United States, a 1953 special supplement
to the SURVEY OF CURRENT BUSINESS, and in the SURVEY
U. S. Investments Abroad by Areas,
end of 1946 and 1953
BILLIONS OF DOLLARS
I 6
May 1054
dition to the factors affecting foreign dollar bonds these
securities change in value with changes in foreign exchange
rates. Thus, their value dropped after the devaluations of
1949. Most of the transactions were in Canadian bonds,
and were connected with prospective changes in exchange
rates, particularly in 1950, as well as changes in relative IT. S.
and Canadian bond yields.
Considerable amounts are invested abroad in a great
variety of long-term private assets or investments, including
real property held for income, estates and trusts, insurance
policies, etc. These assets were reported in the wartime
Treasury census 2 at a value of about $900 million. Practically no current information is available for these items and
they are carried forward in table 2 with a value of about $600
million, after eliminating assets now believed to be virtually
worthless.
The principal remaining item in this category is medium or
long-term credits by commercial and financial institutions.
These credits, mainly to Western European governments
and enterprises, increased from about $350 million at the
end of 1946 to about $830 million at the end of 1953.
A great part of postwar Government credits, including the
United States subscriptions to the International Bank and
Monetary Fund, took place before 1948. After that time
the bulk of Government, aid to foreign countries was in the
Table 1.—International Investment Position of the United Slates
in Selected Years
[Billions of doll: rs]
4
-
i 1914
U n i t t d States hive-tint ids a b t o a d _
Puwte
Lot,"-'.M*n
'
Di'ect
r.nif, in " / .
i
Sli'ij t-lei n .
'
United Si » < •, ( } o \ e i n n i e n t Fou-iirn i i ! \ e s i r > ] e n t s in
S t a t e ^ ..
OFFICE OF BUSINESS ECONOMICS, U. S. D. C.
for December 1953 and Januaiy 1954. In brief, an annual
average of about $1.3 billion was added to direct investments
abroad from the end of 1946 through 1953, with comparatively little variation from year to year. As shown in
table 6, about half of the additional investment was derived
from retained earnings of foreign subsidiaries.
In contrast to the active investment in directly managed
enterprises abroad, there has been relatively little interest
by Americans in foreign portfolio investments, i. e., purchases
of foreign dollar bonds or other securities, or loans by private
financial institutions. Whereas portfolio investments grew
by about $4.6 billion in the decade of the 192(Vs, the growth
from the end of 1946 through 1953 was less than $1 billion.
Nearly all of the investment in the earlier period was in
foreign bonds payable in dollars and issued by many foreign
countries; by the end of 1946 these holdings, which had a
value of about $7 billion in 1930, were reduced by defaults,
declining market values and redemptions to a market value
of $1.5 billion, of which about three-fourths was in Canadian
issues. From 1946 through 1953 the principal dollar bond
issues, including refunding issues, were for Canada ($1.1
billion), the International Bank ($0.6 billion) and Israel
($135 million). In the period, however, there was a considerable volume of redemptions, as shown in table 6, including the refunding of outstandirigs issues to reduce interest
costs. After 1950 the market value of dollar bonds was
reduced by rising interest rates.
American holdings of foreign bonds and equity securities
denominated in foreign currencies are also concentrated in
Canada, which accounts for four-fifths of the total. In ad-
the
Lonti-tenn .
Diuvt . _
.
I'o rt folio . _
.
Slioi t-tenn assets 3 .
..
JI
United j
,
j
- 1
...
. . _
United St ites net ci editor position..
Net lonir-tprin...
Net shoi t-tenn
.
-
1
J
1930
919
3. 5
'
7. o
;
17. 2
3. 5
3. 5
'
!9
7 (! l
<>. ,', >
3. 9
2. (i !
a
5
17. 2
15. 2
8. 0
7. 2
' 2. 0
2 i;
1
.-.
1939
|
11.4 I
11.4
10.8
7.0
3.8
.0
1940
18. 7 |
13. 5
7. 2
i
4. 0
6. 7
1 .3
5. 4
'.
!
\
3. 2
2.
!
i
9 i
3 i
5 ;
8 ;
—3. 7 '
3. 0 i
—3. 2 |
—. 5 !
3. 3 |
—. 3 I
4
9. G
5. 7
1. 4
4. 3
fi. 3
8.
2. 7
1
8. 8 |
9. 5
-. 7
2.0
4.3
3. 3
1.8
4. 5
—2. 7
;
2 '
In. 7
5. i
1. 3
0.
:
23. 7
22.1
16. 2
5.9
1.6
12. 3
7. 2
i
J 5. 9
7. 0
2. o
4. 5 :
8. 9 j
9.1
3.7
5.4
14,5
2. 8 i
15.8
10. ,— 7. 6
na—Not a\ aila b]e.
1. At Juno 3D.
2. Excludes Woild War I loans; includes some short-term assets.
3. Include^ United States (Jovernmout obligations in 1946 and 1953.
IS. ori<.- l>ita foi venous ye-irs are not •« holly comparable because of different sources and
methods, but the data are adequate to show main trends over the period.
Source. 1T. S. Dep-irtmeni of Connm rce, Office of Business Economics.
form of grants. The detailed record of Government credits
and grants appears in Foreign Aid 1940-51, a special 1952
supplement to the SUKVEY OF CURRENT BUSINESS, and the
SURVEY of April 1954. The bulk of the Government credits
went to Western Europe to finance postwar reconstruction
and, in 1953, $1 billion, representing part of the value of
postwar aid to Germany, was added to Government credits.
Slior t-terni Government assets abroad, also largely in
Western Europe, consist principally of holdings of foreign
currencies most of which represent the United States portion
of the counterpart funds to grant aid.
Foreign Investments in the United States
Foreign holdings in the United. States are of a markedly
different character from United States investments abroad,
with about 60 percent of the total representing liquid dollar
2. Census of American-Owned Assets in Foreign Countries, U. S. Treasury Department,
GPO, 1947.
May 1954
SURVEY OF CURRENT BUSINESS
reserves rather than private investments to further business
interest. Foreign investments in the United States of the
latter type accounted for only $2.1 billion of the total
increase of $7.7 billion from 1946 through 1958.
There has been little opportunity for private foreign longterm capital flows to the United States since the war because
of the exchange restrictions generally applied abroad. Most
of the change in value, as shown in table 7, resulted from
reinvested earnings of United States subsidiaries or affiliates
of foreign companies and rising market prices of United
States corporate securities.
Foreign direct investments in the United States of $3.7
Billion at the end of 1953 were about four times as great in
value as at the end of the first world war. This growth
depended primarily on additions to existing enterprises as
the United States economy expanded. There has been a
noticeable increase in foreign direct investments in the United
States since 1951, particularly from Canada and the United
kingdom.
There is considerable specialization by investors of different
countries among the various industries; some examples are
Swiss holdings of chemicals, United Kingdom holdings of
utilities, Dutch holdings of steel and Canadian holdings of
stocks of paper companies.
Corporate bond*.—-One of the largest changes in the international investment position of the United States has been
the liquidation of foreign holdings of domestic corporate
bonds. The value of these investments declined from about
$4.0 billion at the beginning of world war I to about $400
million in 1940 and to less than $100 million at present.
Foreign Assets and Investments in the
U. S. by Areas, end of 1946 and 1953
BILLIONS OF DOLLARS
Holdings of corporate securities
1953
12
Foreign portfolio investments in United States securities
have been traditionally the leading type of long-term investment in the United States. At the outset of World War I
these investments, consisting very largely of bonds, were
valued at about $5.4 billion, of which nearly $3.8 billion was in
railroad stocks and bonds. The wartime liquidation amounted
to about $3 billion and by the end of 1919 the value of foreign
security holdings was estimated at about $2.3 billion.
In order to establish a new benchmark for the value of
these investments, as well as for the income derived from
them, a very extensive study was made of data available on
^vithholding tax records on file at the Bureau of Internal
Revenue. The benchmark data for corporate stocks were
as of the end of 1949, t h e data lor corporate bonds were for
1950. The following sections, extrapolating the benchmark
data back to 1946 and forward to 1953, incorporate SOUK? of
the results of this study.
Corporate stocks.—At the close of 1953 foreign owners
held over GO million shares of domestic common and preferred stocks with a market value of $3.7 billion. This was
a gain of nearly $1 billion over the 1946 value. Rising
market prices much, more than offset net sales by foreigner
of $130 million. From 1946 through. 1948 sales by France
and the Netherlands were particularly liea..vy in order to
help finance reconstruction costs.
Beginning in 1949 there were moderate net purchases in
the United States by Swiss and United Kingdom investors,
or investors utilizing financial services in those countries,
but sales continued to be recorded for the Netherlands. In
1949-52 an annual average of over $300 million was added
to the value of these corporate stocks through the rise in the
market, with a moderate downturn coming in 1953. The
effects of these changes on the holdings of individual foreign
countries are shown in table 3.
An industry distribution of these holdings for 1953, and a
comparison with 1934, are given in table 4. There appears
to be a fairly wide dispersion among industries with the
largest holdings showing up under petroleum, public utilities
and railroads and railroad equipment. Major changes from
1934, after allowing for price changes, are the declining holdings of rails, banks and utilities and the increased holdings of
petroleum equities.
On the whole the industrial distribution was not much
changed, reflecting in part the continued preference by foreigners for the stable, easily marketed issues of leading corporations. In 1949, about 84 percent of the value of foreign
holdings was in issues listed on the New York Stock Exchange.
11
1946
DIRECT INVESTMENTS,
CORPORATE SECURITIES,
AND MISCELLANEOUS
SHORT- TERM ASSETS AND
U.S. GOVERNMENT SECURITIES
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
Prior to 1914, holdings of railroad, bonds were by far the largest single component of foreign investments in the United
States. These holdings were reduced to less than $1 billion
by the end of world war I and were further reduced by defaults and refinancing in the iriterwar period. Foreign investments in United States securities in the 1920's and during
the .flight capital period in the late 1930's went almost exclusively into industrial equities.
The decline in the market value of foreign-owned domestic
bonds from about $400 million in 1940 to less than $100
million at present represents in part, a continuation of this
longer run trend, but many of the issues were bearer bonds
which may have been lost or destroyed during the war, or
may have been brought to the United States without appearing in the recorded data on capital movements.
Other foreign long-term investments in the United States
consist largely of estates and trusts, real property, insurance
policies and various claims. For many of these items the
data in the Treasury census for 1941 are carried forward
since the information on changes since that time is extremely
scanty.
Over the period from the 1920's to the present there have
been some most important changes in the size and character
of liquid dollar assets owned by foreigners. In the 1920's
the growth of these holdings from $800 million to about $3
SURVEY OF CURRENT BUSINESS
12
billion was fostered by the development of the gold exchange
standard, the great volume of United States private lending,
high money rates in the stock market, and the change to
dollar rather than sterling financing of United States foreign
trade. In fact, foreign funds held in the United States were
May 1954
an important source of financing for United States exports.
Over three quarters of the total holdings were European.
By the end of 1933 as a result of the depression and the
disruption of international trade and finance these assets
were reduced to about $500 million.
Table 2—International Investment Position of the United
[Millions
Total
Western Europe
Type of investment
1946
United States investments abroad, total
Private investments ..
Long-term
Direct
Foreign dollar bonds
Securities payable in local currencies. ._
Other
Short-term
Deposits
Other
United States Government credits l
Long-term
Short-term...
Foreign assets and investments in the United
States, total
Long-term investments
Direct
Corporate stocks
Corporate, state, and municipal bonds..
Other
Short-term assets and United States Government obligations.
Private obligations
Deposits.
Other
United States Government obligations _
Long-term 2__ _
__ ._
Short-term
Net debtor ( —) or creditor position
1947
1948
1949
1950
1951
1952
1953
1946
1947
1948
1949
1950
1951
1952
195?,
13, 905
18, 693
27, 036
29, 44 i
30, 665
32, 844
34, 955
37, 253
39, 454
6,207
10, 023
11,257
11,711
12,414
12, 590
12, 910
13, 525
14, 904
16,301
lf>, 949
19, 004
20, 948
22, 829
23, 722
2,743
2,872
3,037
2,976
3,564
3, 843
4,071
4.131
12, 263
13, 446
14, 727
15, 637
17, 488
19, 295
21, 090
22, 131
2,258
2,448
2, 552
2,612
3, 091
3. 427
3,672
3,072
7,227
8,366
11,788
16, 207
2,482
2,674
1,019
10, 700
1,728
2, 073
1,136
13,089
1 563
9, 625
1,658
14, 819
1 524
2, 572
940
1,461
2, 431
1,596
2,377
2,048
1,499
1, 041
82
637
498
1,165
91
641
551
1,307
76
634
535
1, 450
96
409
657
1,720
85
409
877
1,979
86
419
943
2,146
84
384
1,058
2,317
75
328
952
1,262
365
897
1, 458
308
1,150
1,574
313
1, 2G1
1,312
293
1,019
1, 516
487
1,029
1,653
332
1,321
1,739
320
1,419
1,591
355
1,236
485
158
327
424
131
293
485
136
349
364
123
241
473
212
261
416
138
278
399
144
255
459
180
279
5, 168
4, 950
212
12, 132
13. 143
13, 716
13, 429
287
13, 840
13, 518
322
14,007
15, 732
15, 421
311
3,464
3,423
8,220
8 735
8, 850
13, 671
336
14, 424
14, 087
337
7,151
8,747
227
143
227
15,880
16, 105
16,545
16,879
19, 459
20,549
22,527
23,616
8,320
7,290
7,594
7,885
6,985
6,820
6,756
7,122
7,744
8,450
8,929
9,140
4,775
4,595
4,484
4,731
2,503
2,690
2,603
2,480
2,787
2,305
2,941
3,138
3, 330
177
1,514
181
1,500
189
1,481
3,744
3,650
138
1,526
3,519
3, 705
227
1,478
1,737
1,865
156
1,017
1,774
1,705
121
995
1,898
1,515
90
981
9,789
5,787
9,757
11,715
12, 099
6,651
13, 598
14, 476
3,545
2,678
2, 695
3,110
2,115
177
403
156
247
2, 503
261
346
156
190
229
1,563
8,895
5,281
1,035
11,808
324
193
1,544
9,285
2,425
12,916
2,490
1,692
2,641
1,387
2,925
7,263
6,230
5,203
5,448
6,335
810
4,638
1,113
14, 406
14, 726
387
3,614
380
3,984
4,002
3,234
461
3,523
470
3,532
3,288
1,470
3, 733
2,813
10, 931
12,899
13, 786
13, 385
5,301
4,903
398
5, 298
489
3,450
2,244
5,783
5,941
5,461
480
3,816
528
4,894
2,071
6,512
5,831
681
868
1,033
5,222
269
1,477
7,662
6,528
1,134
6,814
1,019
5,795
41
2,517
161
867
185
682
15,838 —2,113
7,095
56
2,292
2,733
8,190
30
2,764
3,663
8, 512
235
8,839
9,774
8, 608
231
9, 544
230
8,941
9,389
10,539
11,539
5,127
5,590
5,889
6,005
1,972
1,665
123
971
2,056
2,156
2,375
2,371
1, 995
123
953
2,261
2, 550
145
933
3,154
3,814
306
492
161
331
3,799
2,803
2,257
3,013
2,413
417
984
466
518
546
996
351
645
640
1,637
449
1,188
3, 164
2, 436
728
2, 370
420
1,950
3,826
3,473
2,371
2,366
1951
1952
1953
7,990
8^592
2,662
2,356
8,623
2,830
123
936
3,201
4,650
2,373
2,525
178
931
5,534
Latin American Republics
Canada
Type of investment
United States investments abroad, total.
Private investments _
_
Long-term,
__ .
Direct
Foreign dollar bonds
Securities payable in local currencies, ..
Other
Short-term
Deposits
Other
...
_-_.
United States Government credits l
Long-term _
.
Short-term
___
_
Foreign assets and investments in the United
States, total
_.
1952
1953
1946
1947
1948
1949
1950
7,835
8,346
8,664
4,301
5,221
5,705
5,997
6,130
6,807
7,604
7,825
8,331
8,645
4,009
4,755
5,301
5,556
5,698
6,283
7,018
7, 057
6,993
7,593
8,125
8,441
3,603
4,125
4,614
5,001
5,143
5,591
6,149
6,383
3,146
1,127
1,563
175
3,579
3,972
4,593
5,112
1,480
1,630
219
3,625
156
125
219
4,148
151
104
211
4, 590
152
47
212
4,735
159
34
215
5,176
163
33
219
5,758
1,281
2,161
179
1,384
1,954
194
3,045
1, 106
2,132
176
147
33
211
6, 023
131
30
199
146
87
59
146
92
54
250
145
105
232
108
124
206
93
113
204
91
113
406
54
352
630
49
581
687
50
637
555
43
512
555
65
490
692
50
642
869
53
816
674
52
622
6
1
8
7
1
9
8
1
10
9
1
15
14
1
19
18
1
292
274
18
466
328
138
404
361
43
441
398
43
432
426
6
524
519
5
586
582
4
933
930
3
2,260
2,408
3,116
3,296
3,718
3,636
1,884
2,008
2,064
2,211
2,466
2,377
2,582
2,727
681
1946
1947
1948
1949
1950
1951
5,625
5,532
5,918
6,165
7,252
5,605
5,525
5,911
6,157
7, 243
5,448
5,383
5,765
6,011
2,472
2,628
2,907
1,089
1,602
167
157
100
57
142
90
52
20
7
13
6
1
1,152
1,664
160
2,291
982
1,612
161
1,823
199
168
191
1,235
1,272
1,333
1,442
1,608
1,778
1,913
2,003
584
566
574
585
608
648
679
576
485
34
140
633
465
34
140
687
485
21
140
767
505
30
140
880
560
28
140
972
640
26
140
1,051
695
27
140
1,172
675
16
140
137
214
15
218
137
194
17
218
138
203
15
218
139
213
15
218
139
235
16
218
138
272
20
218
142
289
30
218
135
285
43
218
Short-term assets and United States Government obligations
,__
.. 1,056
364
Private obligations
337
Deposits
_ .
. ..
27
Other
United States Government obligations .
692
Long-term 2
_ _ _ _ _ _ ...
71
621
Short-term
551
372
339
33
179
83
96
927
335
300
35
592
93
499
966
357
333
24
609
45
564
1,508
427
393
34
1,081
538
543
1,518
529
497
32
989
13
976
1,805
600
531
69
1,205
223
982
1,633
637
571
66
996
141
855
1,300
1,176
1,092
84
124
67
57
1,442
1,327
1,221
106
115
78
37
1,490
1,369
1,268
101
121
75
46
1,626
1,498
1,407
91
128
85
43
1,858
1,672
1,549
123
186
124
62
1,729
1,498
1,328
170
231
122
109
1,903
1,622
1,431
191
281
118
163
2,046
3,334
3,709
3,658
3,757
4,136
4,539
4,628
5,028
2,417
3,213
3,641
3,786
3,664
4,430
5,022
5,263
Long-term investments
Direct
Corporate stocks
Corporate, state, and municipal bonds. .
Other
Net debtor ( — ) or creditor position
.
1. Includes the United States Government subscriptions to the International Bankand
Monetary Fund. Excludes principal on World War I indebtedness amounting to $11.4
billion at the end of 1953.
1,726
1,535
191
320
125
195
2. Includes the following estimated amounts of United States currency not distributed by
area: 1940, $633; 1947, $704; 1948, $746: 1949, $812; 1950, $772; 1951, $817; 1952, $848; 1953, $839.
SURVEY OF CURRENT BUSINESS
May 1954
From that low point to the entry of the United States into
world war II foreign-owned liquid assets were augmented
first by the effects of the devaluation of the dollar and by
flight capital from Europe, and then by the unspent portion
of the proceeds from massive gold sales and liquidations of
13
other assets in the United States to finance European military expenditures. With restrictions on other than lendlease exports and with rising foreign expenditures by the
United States, foreign dollar assets began to accumulate
during the war.
States, by Type of Investment and Area, Year ends, 1946—53
of dollars]
Other Europe
1947
1946
1949
1948
Western European dependencies
1951
1950
1952
1953
1946
322
395
411
384
354
347
343
334
34
83
77
55
23
16
14
14
13
35
37
16
11
13
12
12
4
2
4
1
2
1
2
1947
286
1949
1948
1951
1950
1953
1952
361
476
536
491
517
567
689
197
296
412
472
479
487
507
626
180
280
392
455
462
467
489
603
153
253
365
428
436
446
468
582
8
19
8
19
6
21
5
21
21
21
21
1
9
31
35
14
10
11
11
11
8
19
21
2
19
48
3
45
40
3
37
39
2
37
12
1
11
3
2
1
2
1
1
2
1
1
17
7
10
16
6
10
20
6
14
17
6
11
17
6
11
20
6
14
18
6
12
23
7
16
288
279
9
312
305
7
334
326
8
329
322
7
331
322
9
331
320
11
329
316
13
320
312
8
89
75
14
65
62
3
64
62
2
64
62
2
12
11
1
30
29
1
60
59
1
63
62
1
118
123
68
48
76
81
68
64
446
338
329
395
432
366
454
425
22
22
21
22
33
35
32
29
153
157
153
155
165
185
191
188
21
48
1
87
22
47
19
52
84
84
19
61
1
84
19
78
4
84
19
84
4
84
19
80
5
84
6
6
5
6
14
18
15
12
16
16
16
16
19
17
17
17
18
50
1
84
96
88
72
16
8
101
99
85
14
2
47
45
29
16
2
26
25
18
43
42
20
22
1
8
2
2
1
1
46
39
13
26
7
5
2
36
29
10
19
7
5
2
35
28
11
17
7
5
2
293
184
171
13
109
21
88
181
147
136
11
34
21
13
176
144
136
8
32
21
11
240
194
171
23
46
22
24
267
201
131
70
66
22
44
181
111
105
6
70
22
48
263
144
129
15
119
22
97
237
147
122
25
90
22
68
204
272
343
336
278
266
275
270
—160
23
147
141
59
151
113
264
1
International institutions
Other foreign countries
1949
1948
1947
1946
1951
1950
1952
1953
1947
1946
1949
1948
1951
1950
1952
1953
1,629
1,888
2,050
2,216
2,548
3,055
3,634
3,999
3,616
3,627
3,656
3,655
3,804
3,849
3,873
937
1,142
1,324
1,484
1,771
2,131
2,487
2,822
231
239
249
226
363
401
427
761
944
1,128
1,293
1,562
1,841
2,243
2,594
231
239
249
226
363
400
426
516
87
95
63
695
99
96
54
898
101
77
52
1,086
102
48
57
1,318
115
61
68
1,516
176
61
88
1,854
228
60
101
2,173
264
60
97
231
239
249
226
363
400
426
176
44
132
198
29
169
196
31
165
191
27
164
209
58
151
290
28
262
244
23
221
228
24
204
692
575
117
746
627
119
726
583
143
732
641
91
111
699
78
924
841
83
1,147
1,060
87
1,177
1,109
68
323
323
3,385
3,385
3,388
3,388
3,407
3,407
3,429
3,429
1,714
1,472
1,526
1,283
1,835
2,335
2,444
2,437
474
2,347
1,958
1,837
1,821
216
208
190
184
197
205
212
217
1
3
6
35
70
23
88
38
62
20
88
42
50
11
87
44
49
6
85
44
60
7
86
45
67
7
86
46
72
8
86
47
73
10
87
1
3
1,498
713
627
86
785
36
749
1,264
692
635
57
572
48
524
1,336
816
748
68
520
43
477
1,099
866
837
29
233
48
185
1, 638
1, 270
1,255
15
368
35
333
2,130
1,631
1,543
88
499
31
468
2,232
1,776
1,677
99
456
20
436
2,220
1,877
1,770
107
343
20
323
—85
416
524
933
713
720
1,190
1,562
NOTE.—For principles of valuation, sources and methods see technical note accompanying
this article. In particular, all figures given are at least partly estimated and are therefore
subject to varying margins of error. Data for 1953 are preliminary.
323
1
1
1
1
3,441
3,441
3,448
3,448
3,446
3,446
1,888
1,874
1,949
9
13
17
6
9
13
17
474
78
78
2,347
372
372
1, 957
314
314
1,834
339
339
1,815
70
70
1,879
40
40
1,861
79
79
1,932
83
83
396
396
1,975
75
1,900
1,643
82
1, 561
1,495
167
1,328
1,745
285
1,460
1,839
266
1,573
1,782
276
1,506
1,849
286
1,563
—151
1,269
1,669
1,819
1,834
1,916
1,975
1,924
Source: Office of Business Economics, Balance of Payments Division.
SURVEY OF CURRENT BUSINESS
14
Table 3.—Foreign Holdings of Domestic Stocks, by Countries,
for Year Ends 1946-53
Mav 1954
Table 4.—Value of Forrign-Ownecl Domestic Stocks, by Industry,
for Year Ends 1934 and 1949
[Market values in millions of dollars]
Country
[Millions of dollars]
194f) ; 1947 j 1948 | 1949 | 1950 j 1951 j 1952 ! 1953
.
400
|
|
440 :
i
100 I
Total
4,so
Western Europe, total L-.- -~.-.--.il,f>90 il.530 '1,340 1,400 'l.
',. 200 2, 375
Belgium
.._._...-__._.
,.| «V2 ' fid i r,u I M !
101 ! lid
Denmark
,_,i
4 '>
4 i
4 i
4 '
(\ |
7
FranceM> '
99
Italy
13
14
Netherlands...
3J2 : 3'17
4<M
411
Norway
_____.,.__ _
Sweden
SwitzerlandTurkey
United Kingdom _ .
Other
30
505
1
41X
19
4(1
448
3Q9
15
395
15
i;
Other Europe
Western European dependencies
Brit ish Other _ _ _ _ . „ _
50
46
Latin American Republics
.,._
Argentina
Braril
Chile
......
..
......
Colombia
-~Costa Rica
Cuba
Ecuador
Honduras
._
Mexico
Panama -.
Uruguay
Venezuela
Other
174
Q
11
154
10
10
8
1
163
11
11
,_-
... _ . ._
_._ __
__ -
5
ji
]
450
16
633
1
570
09
14
V)
7<S9
1
7(15
93
14
374
15
(4
1'"
SO i
903
2
714
731
(5
14
18
15
12
46,-.
61
56
78
70
<M
76
g
80
79
8
195
13
13
9
2
1
25
232
14
16
11
2
249
15
17
12
31
1
33
245
16
17
12
1
1
31
173
12
11
8
s
21
8
1
1
19
8
2
29
40
32
9
4
7
2
23
28
31
9
6
7
2
25
27
30
10
11
2
26
27
34
12
8
10
2
31
28
34
17
10
11
3
35
33
40
22
12
12
3
37
34
44
25
14
11
3
34
33
45
26
15
60
5
27
3
2
52
5
23
3
3
40
4
11
4
2
39
4
11
5
2
50
5
14
6
3
57
6
16
6
3
62
6
17
7
3
63
6
17
7
3
1
2
5
3
12
2
2
5
3
6
2
2
5
2
8
2
2
5
3
2
3
7
3
7
2
2
7
4
11
2
2
8
4
13
2
2
7
3
16
I
_ _ _ ________
Indonesia
Israel
Philippine Republic
Union of South Africa
All other
47
<)
4i
100
I
18
1
, _, _ _ _ _
- -
48
43
A
l
Rest of world l
Australia _ ~China (Formosa)
Egypt
India
9
4^
51)1
3
1
21
8
0
As shown in table 2, foreign short-term or liquid assets in
the United States reached nearly $9 billion by the end of 1946
and increased to $14.5 billion at the end of 1953. Not only
are these amounts far greater than holdings in earlier years,
they are also different in character. Whereas perhaps $1
billion, or one-third of the total, was owned by foreign official
accounts in the late 1920's, nearly $9 billion, representing
60 percent of the total, was held in such accounts and by
international institutions at the end of 1953. Of the $5.6
billion increase in foreign liquid dollar assets in the 1946-53
period, approximately $4 billion was in foreign official and
international agency accounts.
Although foreign holdings of liquid dollar assets advanced
steadily from 1946 through 1953, this does not indicate the
movement of all foreign liquid funds. When foreign gold
reserves are combined with liquid dollar assets, as in table 5,
the impact on foreign reserves of the postwar course of the
balance of payments between foreign countries and the
United States is much more evident. In particular, the
sharp drop of $4.4 billion in the gold and dollar reserves of
foreign countries in 1947 and 1948 represented their sales of
gold to the United States as dollar balances were maintained
with little change. Gains in reserves made after the outbreak of the Korean war and again starting with the
strengthened economic situation of foreign countries in 1952
were partially converted into gold, so that they are not fully
reflected in increased holdings of dollar assets.
1 553
Automotive
Banks.. .... . . _
Construction and building supplies
Chemical
Food
.
Merchand ising _ _ _
Mining
Paper ..
Petroleum-. ,.
Railroad and equipment
1949 at current prices
2 240
SO
31 1
20 1
86
89 i
174
38
37
199
120
15
103
166
50 1
78
4
138
96
^
liu
3Q
334
102
16
45
934
172
316
61
14
50
l."2
182
111
144
37
44
232
333
205
89
103
66
.- ,.
l
i i 245
63
52
9
Sterl
, . . „
Texrle .
Tobacco
Utilities
Miscellaneous
Not distributed
'
'
•
1
•
1. Excludes holdings of United States citizens resident abroad which are included in table 2
Source: U. S. Department of Commerce, Office of Business Economics.
Table 5.-—Estimated Foreign Gold Reserves arid Dollar Holdings,
1946-53
[Millions of dollars, year ends]
Total
Total foreign countries
Continental Western Europe and depend •
encies .
. ._
United Kingdom and dependencies
Other Europe
Canada. . _
... _ _ _ _ _ _
Latin America
Other foreign countries _
_
International institutions
1. Grand total and area totals exclude the following holdings by United States citizens
resident abroad approximately as given for 1941 in the Treasury Census, TFR 300: Total,
$250 million; Canada, $25 million; Latin America, $40 million; Western Europe, $175 million;
other countries, $10 million. These amounts are included in table 2.
Source: U. S. Department of Commerce, Office of Business Economics.
1949 in 1934
prices
1934
3,400
2 , 4 4 0 :2.23() '2,055 i2,240
:
Canada '-
Industry
_ _
1946
1948
1950
1952
19, 899
18 364
22, 227
23 756
26, 386
19, 410
14,989
19, 137
20, 469
23 044
7,268
2,957
586
1,475
3,656
3,468
5,826
2,221
442
1 221
2,744
2,535
6,829
3,677
344
1,988
3,455
2,844
8,368
2,431
307
2,492
3 369
3,502
10,060
3,117
3f
2,4it,
3 625
3,520
489
3,375
3,090
3 287
3,342
1953
Source: Federal Reserve Bulletin, March 1954. The dollar assets given in this source exclude
certain dollar assets given in table 2, primarily certain United States Government long- andshort-term obligations, and liabilities to foreigners of nonbanking enterprises in the United
States. For various qualifications see the notes in the original source; in particular, gold
reserves of the U. S. S. R. are excluded.
Technical Notes
Definitions.—Lcng-term assets or investments are those with a maturity of more than one
year or no stated maturity, such as equities. Short-term assets are payable on demand 01
with an original maturity of one year or less.
Direct investments are those enterprises in which the foreign investor has a controlling
managerial interest, customarily defined for statistical purposes as an ownership of 25 per
cent or more of the voting stock of a subsidiary company. Foreign branches, of course, an
wholly owned by the parent company. Some exceptions are ma ;e from this statistica
criterion if warranted by the actual circumstances of control.
Portfolio investments comprise holdings of securities, other than those of direct-investmen
enterprises, and miscellaneous interests such as debts and claims, real property, insurance
estates and trusts, etc.
Valuation of investments.—"Direct investments are given at book value; in the case of Unitec
States direct investments abroad tte values are as they appear on the books of the foreigi
enterprises, converted into dollars, when necessary, according to standard accounting prac
tice (see Foreign Investments of the United States, appendix). Securities are given at th/1'"
market value, other investments or assets at their stated value.
Sources and methods.—U. S. direct investments abroad—based on Foreiqn Investments o
the United States, a special 1953 supplement to the SURVEY OF CURRENT BUSINESS, carriec
back to 1946 and forward to 1953 on the basis of information on capital flows and earning
supplied on quarterly questionnaires by the larger companies, plus data collected from SEC
and tax returns and public sources.
Foreign dollar bonds—based on the records of the Balance of Payments Division and th
Treasury Census, TFR 500, Census of American-Owned Assets in Foreign Countries. Th
Treasury data for 1943 have been carried forward on the basis of monthly d-ita on purchase
and sales of foreign securities, supplemented by information collected annually from the fisca
agents and public reports of new issues and redemptions.
Foreign currency stocks and bonds—based on the Treasury Census, TFR 500, for 194;
carried forward on the basis of monthly reported purchases and sales supplemented, in th
case of Canada, by data collected in that country. Market values are adjusted to eliminate
as far as possible, holdings with no present value, and to take account of price and exchang
rate fluctuations in major countries, particularly Canada and the United Kingdom.
Other long-term investments abroad—based on the Treasury Census, TFR 500, for 1945
adjusted to eliminate assets now believed to be worthless. Annual changes are based largel
on monthly and quarterly data reported to the Treasury Department by banks and con
mercial concerns.
Short-term assets abroad—based very largely on data reported monthly or quarterly to tfc
Treasury Department by banks and commercial concerns, plus data reported to the Balanc
(Continued on page 24)
by Betty C. Churchill ^-
Size Characteristics
of the Business Population
L H E number of business concerns in the United States
IV
has increased about 1 million, or one-third, since the end
of World "War II. Private employment during this period
lias risen by about 5 million persons. Data presented in
this article make possible an analysis of the effects of these
substantial changes on the structure and size distribution of
business firms in the postwar period.
Percentage of Firms in
Retail Trade and Manufacturing
•
Almost half of all small firms are engaged
in retailing
• Manufacturing accounts for more than half of the
larger firms
RETAIL TRADE
MANUFACTURING
ployees, the group which experienced the greatest contraction
during the war. This group accounts for roughly 95 percent
of all firms and about one-fourth of all paid employment.
The number of concerns with over 10,000 employees was
about the same (240) in early 1945 and in 1951, although
this group contracted relatively the most in both number
and employment during the 1948 reconversion. Aggregate
employment in these companies in 1951 was about 4 percent
lower than the 7.5 million persons employed during the war.
In postwar years of employ men t growth, increases in
aggregate employment among firms with less than four
employees was due entirely to the establishment of new
firms, since the rising number of employees per firm tended
to shift many firms in this group to higher employee-size
groups. Due both to the changes in the average number of
employees per firm and to the entry of new firms into the
business population, aggregate employment among such small
firms rose slightly from early 1948 to early 1949, although
total paid employment fell by over 1 million.
In 1951, three-fourths of the firms in business had fewer
than four paid employees (roughly two-fifths of all firms had
no paid employees at all), and less than one-tenth of one
percent employed 1,000 or more. The 3,200 firms with 1,000
or more employees accounted for roughly two-fifths of all
paid employment.
About 5 percent of the business population, or 200,000
firms, had 20 or more paid employees and accounted for
three-fourths of all paid employment. The top 2 percent
of the firms accounted for more than two-thirds of all employment, and the top 1 percent of the firms furnished threefifths of the jobs.
As can be seen in table 1, the distribution of firms and
employment by employee size of firm has been quite stable
in the postwar period. This stability suggests that the
current size distribution of the business population is not
much different from that found for 1951, the latest year for
which data are available by size of firm.
Source of data
60
40
20
0
0
20
40
PERCENT OF ALL FIRMS IN SPECIFIED SIZE CLASS, 1951
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54-17-8
The new information provides detailed size distributions
of the business population and employment. It reveals that
all size groups of firms, except the very largest, shared in
the increase in numbers of firms and in aggregate employment over the period from 1945 to 1951. The current
numbers of operating firms and total employment are close
to those of 1951. Some 55 percent of the 1945-51 overall
increase in employment was in firms with less than 20 emNOTE.—MISS CHURCHILL IS A MEMBER OF THE BUSINESS STRUCTURE
DIVISION, OFFICE OF BUSINESS ECONOMICS.
The present study has been made within the framework
of the business population statistics
regularly prepared by
the Office of Business Economics.1 These series relate to
all private nonfarm enterprises, except professional services.
The size distributions of firms and of employment are based
primarily on tabulations of firms with employees prepared
by the Bureau of Old-Age and Survivors Insurance of the
Department of Health, Education, and Welfare. The industry and size classifications are based on the primary
activity of, and number of paid employees in, the firm as
a whole. The technical notes at the close of this article
present further information on sources of data and estimating procedures.
Estimates for the 1945-51 period of number of firms in
operation and of employment are shown by employee-size
classes and the greatest industry detail in table 7. Data
are not available for 1950. New businesses are shown by
industry division and size of firm, 1944-52, in table 6.
1. See "Recent Business Population Movements" in the January 1954 SURVEY.
15
SURVEY OF CURRENT BUSINESS
16
Major industry
differences
In all major divisions, firms with less than four employees
constitute an important share of all operating businesses, as
is shown in table 2. Even in manufacturing more than twofifths of the firms fall in this size class, while this proportion
amounts to about four-fifths in retail trade, the services, and
the finance, insurance, and real estate group.
The industry distributions shown in the lower section of
table 2 indicate that retail trade dominates in number among
firms with less than 20 employees, and that manufacturing
concerns are most numerous among firms above this
size. The contrast between these two major industries with
respect to their shares of all firms within size classes is charted
on page 15. Mining and transportation also account for
a greater proportion of the larger employee-size classes than
of the smaller size groups, while the opposite is true for construction and services. Wholesale trade, on the other hand,
attains its greatest relative importance among firms in the
size classes with 4-99 employees.
The industry distribution of employment differs appreciably from that of firms in the open-end largest size class
and also in the smallest size class, where differences in the
proportion of firms with no paid employees have an important effect.
Firms with 1,000 or more employees represent less than
1 percent of all firms in each industry division. The importance of these larger firms is indicated by the proportion
of all employment which they provide. In the transportation and public utility division, nearly 70 percent of all
paid employees are in firms with 1,000 or more employees;
the corresponding proportion in manufacturing is one-half.
Firms this large account for more than 10 percent of all
paid employment in all major industries except contract
construction and services.
The employee-size classes used in the accompanying chart
divide aggregate employment roughly into thirds. Except in
the retail trade and transportation divisions where the proportion is considerably smaller, the broad-size class between
50 and 999 employees includes roughly one-third of all paid
employment in each major industry. Finance most closely
approaches the all-industries pattern, although this division
includes a somewhat higher than average proportion of employment in the largest size class. In wholesale and retail
trade, contract construction and the service industries, firms
with less than 50 employees have the largest share of all
paid employment.
May 1954
The number of paid employees is a useful and convenient
measure of a firm's size, though it is by no means the only
one. Total assets, fixed investment, sales and income, are
other common indicators of size, and for some purposes these
financial variables may be of more interest than the number
of paid employees. Although the number of employees does
tend to be related to other measures of company size, this
is not necessarily so, and a firm may be "larger" or "smaller"
with respect to employment than with respect to some other
measure.
Shifts in size of firm
The total number of firms in operation changes from one
year to another only by the net difference between the
number of new and discontinued businesses, but changes in
the size distribution also arise as a result of increases or
Percent Distribution of Employment
by Size of Firm, 1951
PERCENT OF EMPLOYMENT
100
80
60
40
20
Employment as a measure of size
Present data do not permit supplementing paid employment with estimates of the number of proprietors 2 and unpaid
family workers to yield estimates of the total number of
eople involved in the operation of these business concerns,
n small firms, proprietors and unpaid family workers may
furnish all or an important share of the labor required.
The nature of the source material used for preparing these
statistics makes it necessary to define firms on an unconsolidated rather than a consolidated basis. Each corporation
and each corporate subsidiary is separately counted and
classified by size. Thus, the splitting up of a single corporation eliminates a larger firm and introduces a number of
smaller ones, while mergers or consolidations have an opposite effect. Transactions of either kind have their largest
effect upon the distributions of employment by size and
industry. Even total employment for an industry remains
the same only if each subsidiary operates in the same industry as the combined concern.
f
2. It should be noted that the U. S. Department of Commerce series on "active proprietors"
includes all "own account" workers, while in the business population series individuals
working on their own account are not included as firms unless they have either at least 1 paid
employee or an established place of business.
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54-17-9
decreases in paid employment within firms in continuous
operation. The size distributions of new and discontinued
businesses together with the size distributions of all firms in
operation can be used to estimate the net effect of changes in
employment on shifts in size. This is demonstrated below
for the 2-year period, first quarter 1949 to first quarter 1951.
In this 2-year interval, the number of firms with three
employees or less increased by roughly 40,000. The excess
of new firms over discontinuances in this size group amounted
to somewhat more than 70,000. Thus, approximately
30,000 firms which had three or less employees at the start
of 1949 had apparently taken on enough new help to be
reclassified in larger size brackets at the beginning of 1951.
The net influence of employment changes on firms in the
4-7-size class was apparently negligible. However, for the
two larger groups, increases in employment constituted the
SURVEY OF CURRENT BUSINESS
May 1054
sole reason for the greater numbers of firms in these brackets
at the beginning of 1951, since the number of discontinuances
in these groups slightly exceeded new firm formation.
The employment used to measure the size of new and discontinued firms is not necessarily as of the exact date the
firms entered—or left—the business population. In about
85 percent of the cases, size is measured within 6 months of
establishment or discontinuance. Some discontinued businesses, of course, shift down in size prior to going out of
business.
[Thousands]
Employee-size classes
All
sizes
Firms in operation:
1949
19M
0-3
3, 984. 2 2, 998. 9
4, 067. 3 3, 040. 0
Net change . _ _ _
Business turnover 1949-50:
Xew businesses
Discontinuances .
Net change
Net change from shifts in size, 1st quarter 1949 to
1st quarter 1951 ...
.. _
20 or
more
4-7
8-19
498.2
513.2
300. 4
311.8
186. 7
202. 3
83.1
41.1
15.0
11.4
15.6
679 3
596.2
585 1
511. 6
64 7
50.0
22 0
24.7
7.5
9.8
83.1
73 5
14 7
—2 7
-2.3
-32.4
.3
14.1
17.9
0
The net changes in number of operating firms which arose
solely from shifts in size of firm are shown in table 3 by
2-year time intervals for the period January 1, 1945, to
January 1, 1951. It should be kept in mind, however, that
in all three periods the net effect of new-firm formation was
the predominant factor in the changing numbers of firms
in the smaller size categories.
Examination of table 3 shows that during the two periods of
expansion in economic activity and in employment, there
was a generally upward shift in the number of firms in each
size group except the smallest. The latter group was reduced by about 125,000 firms in the 1945-47 period, and over
30,000 firms during the 1949-51 recovery. Between early
1947 and early 1949, however, the reverse was true. The
0-3 employee group increased over 20,000 firms at the net
expense of all other size groups.
17
In the business population as a whole, the smallest firms
(in employee size) among the top groups in 1951 had about
20 employees at the 5-percent level and about 100 employees
at the 1-percent level. The ranking of the major industry
divisions with respect to these criteria was the same at both
levels. In manufacturing, the smallest of the top groups
had around 200 employees at the 5-percent break and some
650 at the 1-percent break—greater numbers of employees
than are found in the smallest of the larger firms in any
other major industrial category. At the other end of the
scale, the smallest of the top 1 percent of the firms in retail
trade had only about 40 employees. The smallest of the
top 5 percent of the firms in retail trade, services, and the
finance division each had about 15 employees.
ENTRY RATES within all size classes have steadied
following an unusually large influx during the
early postwar years
ANNUAL ENTRIES PER 1,000
FIRMS IN OPERATION
300
EMPLOYEE SIZE CLASS
—
ALL SIZES
.
.
.
.
.
.
.
. o-3
250
OOOOOO
4-7
8- 19
200
20 OR MORE
150
100
50
Distribution by Size
Students of "big" or "small" business sometimes omit
precise definitions of these terms, and definitions which are
given differ widely. When size is defined in terms of employment, the cutoff for large firms has ranged in past studies from
50 to 10,000 employees. Since "size" is a relative concept
and size distributions vary widely by industry, it has been
the practice for each investigator to select a definition he
considers suited to the needs of the particular study at hand.
A "large" filling station obviously has fewer employees than
a "small" steel mill, and the same employment criterion
cannot be used to isolate the large firms in both industries.
Without going into this problem of size, and without any
attempt to define "large" business, it is useful in a study
which crosses industry lines to compare the proportion of
each industry's total employment accounted for by a selected
top percentage of firms. The number of employees in the
smallest firm in the selected top percentage group affords a
further means of comparison of the larger firms within each
industry.
The proportion of employment in the largest 5 and 1 percent of firms from the 1951 distributions of firms and of
employment are shown in table 5 for major industry groups
and for detailed manufacturing industries. This table also
shows the estimated employment of the smallest firms within
both top groups.
297225°—54
3
1945
1946
1947
1948
OFFICE OF BUSINESS ECONOMICS. U. S, D. C.
1949
1951
54- I7-1O
Estimates of the number of employees in the smallest of the
top firms for the years 1945-49 reveal that the ranking of the
major industries in this respect was nearly the same each
year. As would be expected, the largest changes—both in
absolute and relative terms—occurred in manufacturing.
The smallest of the top 1 percent of the manufacturing firms
late in World War II had about 800 employees. This
measure decreased steadily during the next 4 years, and the
smallest firm in the top 1 percent had roughly 550 employees
in early 1949—and then increased to 650 employees in 1.951.
Employment and size of firm
In 1951, the upper 1 percent of all firms provided threefifths of all paid employment. Within the major industry
divisions, the proportions in the top 1 percent of the firms
ranged from four-fifths in the transportation division to onethird in wholesale trade. The year-to-year stability in the
earlier postwar years found for these estimates among the
industry divisions suggests that although table 5 depends
solely on 1951 data, current estimates would probably be
very similar, particularly when considered in relative terms.
SURVEY OF CUREENT BUSINESS
18
•Mav 1954
Table 1.—Number of Firms in Operation and Paid Employment by Size of Firm, 1945-51
Firms in operation January 1
Paid employment mid-March
Employee-size classes
1945
1946
1947
1951
1949
1948
1945
1946
1947
1948
1949
1951
Thousands
All size classes
2, 995. 4
3, 242. 5
3, 651. 2
3, 872. 9
3,984.2
4, 067. 3
33, 778
33, 631
35, 803
36, 475
35, 379
38, 390
0-3
4-7
8-19
20-49
50-99
2, 235. 4
377.0
221.5
97.0
33.0
2, 347. 5
438.8
274.9
111.2
36.9
2, 683. 2
479.8
297.6
117.2
38.5
2, 876. 6
497. 2
307.8
118.0
38.3
2, 998. 8
498.2
300.4
116.0
37.4
3, 040. 0
513. 2
311.8
124.7
40.7
1,726
1.978
2, 654
2,937
2,270
1.938
2. 384
3. 360
3, 387
2. 553
2,111
2, 519
3, 565
3, 501
2,619
2,211
2. 597
3,677
3, 604
2,663
2,311
2, 618
3,623
3, 507
2,572
2,416
2,702
3, 769
3,786
2,812
25. 36
3.21
2.65
.24
27.44
3.09
2.56
.20
28.53
3.34
2.86
.22
28.66
3.31
2.81
.23
27.34
3.10
2.67
.22
30.34
3.38
2.94
.24
5, 236
2,242
7, 254
7,481
5,537
2,172
6,934
5,366
5, 723
2,283
7,167
6,315
5,713
2,291
7.101
6,618
5, 426
2,141
6,712
6, 469
6,0?
2,3io
7,340
7,211
_
100-499
500-999
1,000-9,999
10,000 or more
.
Cumulative percent
0 or more
4 o r more. .
8 or more,. _
_ .
20 or more
SOormore.-.
1 0 0 o r more-.500 or more
1,000 or more
10,000 or more
. . _ _ _ .
. _ _ __ ___
_
_ _ _ _ _ _ ._ _ . _ __
_.. _ _
100. 00
25.37
12.79
5.39
2.15
100. 00
27.61
14.07
5.59
2.16
100. 00
26. 51
13. 37
5.22
2.01
100. 00
25.72
12.89
4.94
1.89
100. 00
24.73
12.23
4.69
1.78
100. 00
25. 26
12.64
4.97
1.91
100.0
94.9
89.0
81.2
72.5
100.0
94.2
87.1
77.2
67.1
100.0
94.1
87.1
77.1
67.3
100.0
93.9
86.8
76.7
66.9
100.0
93.5
86.1
75.8
65.9
100. 0
93.7
86.7
76.9
67.0
1.05
.20
.10
.01
1.03
.18
.09
.01
.96
.13
.08
.01
.90
.16
.08
.01
.84
.15
.07
.01
.91
.16
.08
.01
65.8
50.3
43.6
22.1
59.5
43.0
36.6
16.0
60.0
44.0
37.7
17.6
59.6
43.9
37.6
18.1
58.6
43.3
37.3
18.3
59.7
43.9
37.9
18.8
._
___
1. Data are not available for 1950.
Source: U. S. Department of Commerce, Office of Business Economics estimates, based primarily on data from the U. S. Department of Health, Education and Welfare, Bureau of Old-Age
and Survivors' Insurance.
Table 2.—Relative Distribution of the Number of Firms in Operation and Paid Employment by Industry Division and Size of Firm, 1951
All size
classes
0-3
Firms in operation January 1
Paid employment mid-March
Employee-size classes
Employee-size classes
4-7
8-19
20-49
50-99
or All size
100-499 500-999 1,000
more classes
1-3
4-7
8-19
20-49
50-99
100-499 500-999
1,000 or
more
Percent distribution within industries
100.0
74.7
12.6
7.7
3.1
1.0
.7
0.1
0.1
100.0
6.3
7.0
9.8
9.9
7.3
15.7
6.0
37.9
Mining and quarrying
Contract construction
Manufacturing
__
Transportation, communication,
and other public utilities _ _ _
100.0
100.0
100.0
60.4
70.2
42.5
14.2
15.2
16.1
12.9
9.3
17.8
6.8
3.5
12.0
2.6
1.0
5.4
2.4
.6
5.0
.3
.3
.6
100.0
100.0
100.0
2.1
10.1
.9
3.5
12.9
1.7
7 2
17! 6
4.3
9.2
16.7
7.2
7.9
11.4
7.2
22.0
18.2
19.7
8.6
4.6
8. 4
39.5
8.6
50.6
100.0
77.1
9.9
7.1
3.3
1.1
1.1
.2
100.0
2.0
2.3
3.8
4.4
3.5
10.1
5.2
68.7
Wholesale trade
Retail trade
Finance, insurance, and real estate.
Service industries
_.
100.0
100.0
100.0
100.0
63.0
78.9
80.9
82.7
16.6
12.8
10.5
9.3
13.0
6.1
5.7
5.1
5.2
1.7
1.8
1.9
1.4
.4
.6
.6
.7
.2
.5
.3
100.0
100.0
100.0
100.0
7.3
14.8
13.2
15.8
10.7
16.3
9.2
13.5
19.3
17.5
11.5
17.1
18.9
12.1
9.2
15.8
11.8
6.0
6.9
10.5
16.0
8.2
16.2
15.9
4.1
2.7
5.9
3.6
12.1
22.5
28.1
7.8
AH industries
0)
.6
2
0)
0)
0)
0)
0)
0)
0)
0)
Percent distribution within size classes
All industries
Mining and quarrying
Contract construction
Manufacturing
__
Transportation, communication,
and other public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate.
Service industries
100.0
100.0
100.0
iOO.O
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
.9
9.3
7.9
.7
8.7
4.5
1.0
11.2
10.1
1.5
11.3
18.4
2.0
10.6
31.2
2.4
9.7
42.8
2.9
7.9
53.2
3.1
4.8
61.2
3.4
2 5
5s!i
2.2
6.3
43.8
.7
10.1
6.0
1.1
11.5
10.6
1.6
11.2
19.4
2.0
10.6
32.2
2.4
9.8
43.1
3.1
7.2
54.7
3.1
4.8
61.3
2.3
1.4
58.4
4.4
4.6
3.5
4.1
4.8
5.1
6.4
9.3
14.1
10.7
3.4
3.5
4.1
4.8
5.2
6.9
9.2
19.4
6.6
44.8
8.0
18.0
5.6
47.2
8.7
20.0
8.7
45; 5
6.7
13.4
11.2
35.5
5.9
12.0
11.2
24.4
4.7
11.1
9.4
16.0
4.7
9.9
6.4
10.5
5.0
7. 5
3.9
8.6
4.8
4.3
2.5
11.1
5.3
3.0
5.8
19.4
5.0
6.9
6.7
45.4
10.4
17.3
8.8
44.8
6.5
13.2
11.3
34.5
5.8
12.0
11.0
23.7
4.6
11.0
9.2
15.8
4.7
9.9
5.9
10.1
5.1
7.0
3.9
8.7
4.8
4.1
1.8
11.5
3.7
1.4
1. Less than 0.05 percent.
Source: U. S. Department of Commerce, Office of Business Economics estimates, based primarily on data from the U.S. Department of Health, Education and Welfare, Bureau of Old-Age
and Survivors' Insurance.
The picture in the transportation and public utilities
division with respect to both employment in the smallest of
the top firms and the proportion of all employment in these
firms is complicated by the fact that this is a heterogeneous
group. It contains not only railroads, telephone, and electric
power and light companies, which tend to high employment
per firm, but also the much more numerous taxicab and
trucking concerns, many of which have no employees at all.
Similar qualifications apply to other industry divisions,
although the problem is less serious. The degree of indus
trial detail for manufacturing industries, presented in table
5, reduces but does not eliminate the problem of heterogeneous groups.
The number of employees in the smallest of the larger
concerns is quite high among all manufacturing groups,
ranging at the 5-percent level from 650 for rubber manufacturers to 60 in printing and publishing. An even greater
range occurs at the 1-percent level—from 14,000 employees
per firm in petroleum products to 400 in printing and
publishing.
SUEVEY OF CURRENT BUSINESS
May 1954
Among manufacturing industries, the highest proportion of
total employment in the upper groups is found in transportation equipment,where the top 5 percent of the firms furnished
jobs for almost 95 percent of the total, and the top 1 percent
of the firms supplied jobs for three-fourths of all employment. In the apparel group, on the other hand, one-half
of the employment is in the top 5 percent of the firms, with a
little less than one-fourth in the top 1 percent.
When defined in relative terms, the larger firms in all
retail trade and service groups contain fewer employees than
in any of the manufacturing industries. The motionpicture group, which includes the producers and distributors
of motion pictures as well as the exhibitors, leads with a lower
boundary for the highest 5 percent of firms at employment of
50 persons and at the 1 percent level, 300. Motor-vehicle
dealers approach motion pictures with respect to the top 5
percent of the firms; however, new- and used-car dealers
drop to sixth place among nonmanufacturing groups in the
top 1 percent of the firms with some 90 or more employees
per firm. At the other extreme, the employment for the
larger barber and beauty shops is about 10 or more employees for the top 1 percent of the firms.
In general merchandise stores and grocery stores, fourfifths and three-fifths, respectively, of all paid employment is
found in the top 1 percent of the firms. Only 10 percent of
the employment is in the top 1 percent of the firms in the
motor-vehicle group, a field where chain organizations are
virtually nonexistent. In seven other retail trade and
service groups the proportion falls between 10 and 20 percent—meat and seafood, filling stations, lumber, hardware,
package liquor, barber and beauty shops, and automobile
repair.
Entry Rates by Size of Firm
Business turnover rates—that is, the ratio of the number
of new, discontinued or transferred businesses to the number
of firms in operation—are useful guides in assessing industry
Table 3.—Net Changes in Number of Firms in Operation Arising
From Shifts in Size of Firm, by Size of Firm and Industry
Division, 1945-50
[Thousands]
Employee-size
classes and twoyear time
periods
All
industries
Mining
and
Contract
con-
quar- strucrying tion
Transportation,
Man- commu- Whole- Reufac- nication,
sale
tail
and
turtrade trade
ing
other
public
utilities
Finance,
insurance
and
real
estate
20-49
50 or morp,
-127.3
42.3
59.8
16.5
8.7
-0.1 -24.5
-.7
.3
.2
.2
6.2
11.3
4.7
2.2
3.7
-8.5
2.2
.9
1.8
-4.0
.6
3.3
.1
.1
-17.3 -60.6
5.2
29.1
7. 7
24.1
3.2
5.6
1.3
1.9
—5.8
1.7
3.4
.6
Service
industries
-18.6
8.7
7.6
1.8
.6
First quarter
1947 to first
quarter 1949
0-3
4-7
8-19
20-49
50 or more
4-7
8-19
20-49
50 or more
Table 4.- •Relative Entry Rates by Industry and Size of Firm,
1951i
22.3
-17.3
-1.8
-1.3
-1.9
2.3
-1.5
-.6
—.1
-.1
2.8
-3.9
.4
.2
.4
7.0
-3.7
1.1
-.6
-.8
—.1
(1)
-1.8
— .4
-.8
.1
.9
-.2
(1)
.1
1.2
-1.0
.2^
(1)
2
(1)
(1)
-32.3
.3
14.1
10.3
7.7
.6
-.9
(1)
.2
(1)
-8.6
-.6
5.2
2.7
1.4
-4.4
-4.3
1.3
3.2
4.2
-.8
-.3
.5
.4
.2
-8.5 -12.3
1.9
3.6
2.1
.9
6.1
3.8
1.7
.7
1. Less than 50 firms.
Source: U. S. Department of Commerce, Office of Business Economics.
-3.3
1.7
1.0
.3
.3
All
size
classes
Industry
8.7
-6.4
-1.2
—.6
—.5
4.9
-3.3
-1.4
2
I
Employee— Size classes
0-3
4-7
8-19
2049
50 or
more
100
117
71
39
29
16
129
188
124
219
231
164
122
70
65
55
16
52
Manufacturing
Food and kindred products
Textile mill products
Apparel and other finished textile productsLeather and leather products
108
43
67
98
63
167
70
160
133
93
133
39
130
174
90
58
17
61
84
63
30
19
29
54
38
10
16
10
26
13
Lumber and timber basic products
Furniture and finished lumber products
Paper and allied products
Printing and publishing
Chemicals and allied products
274
78
62
44
71
387
126
201
69
118
315
76
89
24
69
140
34
76
11
25
61
24
20
8
11
12
8
4
1
1
Products of petroleum and coal
Stone, clay, and glass products
Primary metal industries
Fabricated metals
_ ___
Machinery except electrical..
97
67
80
90
129
224
110
235
172
238
117
55
113
91
163
67
33
55
40
48
37
17
13
16
21
152
116
320
160
187
184
93
89
35
48
72
89
83
113
160
125
87
234
75
26
82
33
2
13
22
152
94
184
131
70
48
29
21
27
12
13
7
Retail trade
_
General merchandise
Grocery, with and without meats
Meat and seafood
Other food
-
87
43
57
66
85
100
49
61
71
99
40
26
17
27
49
25
12
25
24
20
20
16
48
21
8
13
3
27
Motor vehicles
_
Filling stations. _
Automotive parts and accessories
Apparel
-_
Shoes
145
112
75
83
87
315
121
89
104
102
53
40
26
36
52
16
22
19
21
26
8
18
3
11
16
64
57
118
111
38
124
73
158
129
56
29
16
36
71
17
9
8
11
48
15
4
1
9
49
17
3
All industries _
Mining and quarrying
Contract construction
_ __ _
_
Electrical machinery
Transportation equipment
Professional, scientific, and controlling instruments
Rubber products
Miscellaneous 2
other
Lumber and building materials
Hardware and farm implements
Home furnishings
Eating and drinking places _.
Drugs
Liquor
Miscellaneous retail
First quarter
1949 to first
quarter 1951
0-3
differentials in the stability of the business population and
sensitivity to changes in business activity. Past studies of
the business population have found turnover rates correlated
with type of activity, with geographical area, with legal
form of organization, and particularly with size of firm.
The tendency of entry rates to be high among small firms
and low among larger firms is apparent from the chart on
page 17.
As might be expected, entry rates among firms with less
than four employees exceed those of any other size class in all
years, and entry rates decrease as size of firm increases.
Entry rates tend to change in the same direction from one year
to another in all size classes. The rate of new firm formation
was exceptionally high during the early postwar years, but
has remained quite steady since 1948, and this trend is found
in each employee-size bracket.
Transportation, communication, and
public utilities
Wholesale trade
First q u a r t e r
1945 to first
quarter 1947
0-3
4-7 _
8-19
19
___
_ _ .__ _
Finance, insurance, and real estate
Service industries
Hotels and other lodging places
Laundry, cleaning, and garment repair. _ _ _ _
Barber and beauty shops
Other personal services. _
Business services
Automobile repair
Miscellaneous repair
Motion pictures
Other amusements
_
__
(3)
3
3
4
8
20
(3)
(3)
(3)
(33)
()
(3)
(3)
4
4
8
10
10
3
8
2
46
81
85
88
98
9
28
4
15
73
83
40
21
17
10
87
109
71
69
67
93
126
91
72
73
66
61
31
21
22
46
38
17
22
18
34
33
7
31
3
28
15
3
29
20
103
82
96
75
138
118
88
100
102
128
64
62
67
87
202
31
46
47
48
125
22
36
17
42
100
()
'
3
25
45
31
55
135
1. Ratio of new businesses in 1951 to firms in operation January 1. All industries—all
size classes = 100.
2. Includes tobacco manufactures.
3. Less than 0.5.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
20
Table 5.—Estimated Employment Per Firm in Large Firms, by
Industry, 1951
"'
Mav 1954
Table 6.—Number of New Businesses by Industry Division and
Size of Firm, 1944-52
[Thousands]
In upper 5 percent of firms
Industry
In upper 1 percent of firms
Firms with 500 or
more employees
Lower
Lower
Percent
limit of Percent limit of Percent
class
class
of total
of total Percent of employ(employ- employ- (employ- employ- of firms
ment
ees per
ment
ees per
ment
firm)
firm)
20
76.9
100
<i0.4
.16
43. 9
Mining and quarrying
GO
76. 3
450
52.0
.57
48. 1
Contract construction
20
58, 2
90
34.6
.06
13. 2
200
100
600
73.8
72.8
61. 1
650
500
6,500
56. 2
52.6
25.3
1.21
.83
5. 37
59. 0
51.7
62. 9
200
400
46.3
53.1
450
800
23.6
35. 8
.61
1.64
21.4
42.1
80
49.9
350
26.4
.25
17.7
All industries
Manufacturing
Food and kindred products.. .
Textile mill products
Apparel and other finished
textile products
-_
Leather and leather products Lumber and timber basic
products
_- Furniture and finished lumber products
Paper and allied products
Printing and publishing
Chemicals and allied products.
Products of petroleum and
coal
-- -- - - Stone, clay, and glass products
Primary metal industries
Fabricated metals
Machinery, except electrical.
Electrical machinery
Transportation equipment
Professional, scientific, and
controlling instruments
Rubber products
Miscellaneous J
- .. .
Transportation, communication,
and other public utilities
Wholesale trade
...
Retail trade
Finance, insurance, and real
estate
Service industries
180
500
60
150
56.1
61.0
68.8
83. 5
500
6,000
400
900
29. 3
25.4
42.9
67.4
.69
4.41
.50
1.58
27.2
60.0
37.6
73.2
500
88. 6
14, 000
65.3
4.84
88.5
160
500
250
'100
74.1
81. 5
63. 3
73.8
650
7,500
750
1,000
52.6
55.8
42.8
55.4
1.22
4. 85
1.34
1.80
56.1
81.4
47.6
63. 7
500
450
81.9
92. 8
6,500
8, 000
55. 3
73.7
4.96
4. 00
81.9
92.2
250
650
90
79.4
80.6
66. 7
1,000
8, 000
450
62.3
58. 1
40. 9
1.61
5.89
.58
08. 5
83.1
37. 6
30
35
15
90.6
54. 0
59. 5
300
90
40
79.3
33.8
42.5
.42
.08
.04
73.9
16.1
25. 2
15
15
70. 3
61.0
60
50
55. 2
38. 6
. 10
. 03 :
33. 9
11.4
I. Includes tobacco manufactures.
Source: U. S. Department of Commerce, Office of Business Economics.
Since entry rates are affected by many factors, industry
differences in entry rate could arise solely from a different
combination of these factors within each industry. Size
of firm has been found of primary importance. To a large
extent the effect of differences in size distribution can be
removed by considering industry differences in entry rates
within size classes as shown in table 4. For convenience of
comparison, 1951 entry rates (the number of new businesses
relative to the number of firms in operation) are shown in
this table in relative terms, with the overall rate for all
industries set equal to 100.
It should be noted that the industry detail in the business
population series is fairly broad, and in many cases a variety
of activities is embraced in a single industry group. To some
extent the size distribution may separate different activities
within industry groups and complicate the comparison of
entry rates between size classes.
During the entire postwar period the largest relative gains
in number of operating businesses among the major industry
divisions have occurred in contract construction, and in 1951
this division had higher entry rates than any other major industry, both on an overall basis and within each of the size
classes shown.
The overall entry rate for manufacturing is not much different from that of the business population as a whole. However, the proportion of smaller firms in manufacturing is
relatively low and a different picture emerges when entry
rates within size classes are examined. For manufacturers
Industry division and
employee-size class
All industries
0-3
4-7
8-19
20 or more
...
...
Mining and quarrying.,
6-3
4-7
8-19
20 or more
1944
1945
1946
1947
1948
1949
1950
1951
1952
330 9 422 7 617.4 460 8 393 3 331. 1 i 348 2 363 2 j
298.3 372.1 533.0 397.6 337.7 286.9 i 298.3 l 315.5 !
20.1 33.1 56.5 43.1 38.3 30.4 | 34.3 32. 4 i
8.3 12.3 20.9 15.3 13 0 10.3 11.7 11.0
4 2
5 3
7 1
4 9
36
39
43'
4 3
363.9
315.1
33.6
10.9
43
4. 1 i 4. 3 !
2 2 - 25i
1.2 • 1. 1 •
4. 2
2.4
1.1
3.5
2.0
.8
.5
.2
4.0
2.4
.9
.5
.2
4.7
2.7
1.2
.6
5. 3
2 6
1.6
8
9
4.9
2 6
1.4
8
.2
Contract construction
0-3
4-7
8-19
20 or more
28.4
24 5
2.6
.8
5
55.8
47 1
6.3
1.7
6
95. 1
78 4
12.0
3.6
1 i
73.8
60 3
9.9
2.7
8
65. 0
53 2
88
2.3
54. 2
44 2
7.3
2.0
64.
50
9
2.
Manufacturing-. ._ .,_
0-3
4-7 .
8-19
20 or more
26.9
16 0
3 2
1. 9
37.2
22 3
8. 1
4.4
2.4
62.8
38 6
14.0
39.7
26 2
81
3. 8
16
34.6
23 7
6 5
3. 1
13
25. 8
17 2
50
2.3
1 2
30 0 31.0 i 28.5
19 2 MO 5 i 18.8
6 5 i 6 1
5.6
3.0
3.0 ; 2.6
1 3 i 14
1-5
Transportation, communication, and other public utilities. 23.9
0-3 .
22.3
4-7
1.0
8-19
.4
2
20 or more
26.7
24.5
1.4
.5
3
37.4
34 3
2.2
3
26.9
24 8
1.5
4
2
23.9
22 °
1.2
4
1
18.5
17.2
1.0
.3
1
21.4 , 2 4 . 5
23.9
19 9 ' 22 8 '• 22. 5
1.0
1. 1
1.0
3
3 !
3
1 •
2
.1
30.2
26 9
2 3
45.2
40. 1
38
11
.3
29.8
26.0
2 6
.8
.3
24.4
21 5
2 1
.6
2
21.1
18.8
18
.5
2
21.6 i 22. 6 ' 22.7
19 1 19 8 : 19.7
19
1 9 <
2. 1
5
.7 1
.6
Wholesale trade
0-3
_ .
4-7
8-19
20 or more
24.5
22.4
14
.5
.2
.3
3.1
3. 6
2.0
1.0 ]
5
.1
6 ;
.1
1
9
7
5
q
.1
5 !
.2
i
:
i
'
63.
51
8
2.
•
.2
1
6
4
2
• 69. 5
• 57 4
'
8. 9
i 2.2
JO
J O
.2 :
.2
Retail trade
0-3 .
4-7
8-19
. ..
20 or more.. -
128.1 161.4 234.1 179.5 151.2 135.5 133.0 [! 140.0 ! 141.4
120.7 149 2 213.3 163. 4 137.3 124. 1 121 6 128. 4 128.6
51
8 7 14 8 11 6 10 2
8 4
8 4 • 85
94
1.7
4 9
3.6
2.5
2 5 '! 2 4
2. 7
2 7
30
.5
.8
.5
8
.8
1.0
.6
.7
.8
j
Finance, insurance and real
estate _
_ _ 24.2 22 9 21.4 15.9 16 0 14.7 18 6 21 2
19. 3
0-3
23 0 91 3 18 8 13 8 14 1 13 2 16 7 i 19 5
17. 4
4-7
-.
.8
1 2
18
14
1 1
1 3 ' 12
1.3.
13
2
4
4
5
3
6
8-19
4 i
4
4
o
.1
.l
1
2
20 or more
.2
1 i
1
.1
Service industries
0-3
4-7
-. .
8-19
20 or more. ._ .
71.4
67 2
2.7
10
.5
84.5 116.6
78 5 106 7
4 1
6 7
13
2 4
9
90.3
80 5
6 4
2 7
.7
72
63
6
2
9
2
5
5
57. 5
50 2
4 9
1 8
6
55 5 j 56 6
48 6 1 50 5
4 4 1 40
1 9 1 5
6 '
6
54.3
48. 2
4. 1
15
.5
Source: U. S. Department of Commerce, Office of Business Economics estimates, based
primarily on data from the U. S. Department of Health, Education, and Welfare. Bureau of
Old-Age and Survivors' Insurance.
with less than 20 employees, entry rates far exceed those of
all industries combined—though they are considerably
lower than in construction.
The lumber manufacturing group is exceptionally volatile,
especially within the smaller size classes. New lumber firms
accounted for more than one-third of all new manufacturing
businesses in 1951. The exclusion of lumber from manufacturing modifies but does not essentially change the pattern
discussed above. In this case, the overall entry rate relative
for all manufacturing except lumber—76—is well below
average; the relative rate indexes for each of the three lower
size classes—123, 84, and 42, respectively—remain somewhat
above the all-industry rates witnin these size classes.
The effect of differences in size distribution upon entry
rates is quite pronounced within many of the manufacturing
groups. In apparel the overall entry rate is slightly below
the all-industry average, but within each size class the apparel
rate is substantially higher than average.
Among the larger firms, those with 50 or more employees,
entry rates were much higher than average in a number of
the service groups, particularly in automobile repair and in
motion pictures and other amusement firms. Among retail
trade firms with 50 or more employees, only eating and drinking places and grocery firms had higher than average entry
rates.
SURVEY OF CURRENT BUSINESS
May 1054
21
Table 7.—Number of Firms in Operation and Paid Employment by Industry and Size of Finn, 1945-51 *
[Thousands]
jraia employment
Employee size classes
Industry
All size
classes
0-3
j
1
4-7
8-19
1
20-49
j
r n n Q Q Q U,000 Or
50-99 100-499 500
JJ9 | mor(1
Employee size classes
All size
classes
|
0-3
4-7
January 1, 1945
8-19
20-49
i
,000 1or
50-99 100-499 500-999 1more
Mid-March, 1945
i
2, 995. 4 2,235.4
All industries
.Alining and quarrying _ , _
Contract construction
Manufacturing
Food and kindred products
Textiles and textile products Leather and leather products
Lumber and lum her product s
377.0
97.0
33.0
25.36
3.21
2.90
33, 778
2.2
4.9
34.9
4.7
8.3
1.0
4.9
.9
1.4
15.8
1.9
3.8
.6
1.8
.93
.84
14. 56
1.60
3.20
.61
1.44
.11
.08
2.05
.16
.40
.05
. 12
.10
.05
1.81
.16
.25
.03
.05
797
1. 085
8^8
3.8
14.2
46.9
7.9
8.2
1.0
9.4
.3
6.2
1.8
.1
1.3
.6
4.2
1.7
.1
1.4
.8
2.8
1.6
.1
.9
,:2.8
.l
.4
. 56
. 75
.70
.12
.43
.08
. 10
.08
.03
.06
14.8
6. 6
2.9
9.0
3.4
7.5
2.2
4. 0
1.0
4.37
.79
1 03. 0
119.2
14. 8
31.0
9.3
22.7
5.8
9.0
2.1
2.5
] , 356. 2 1,061.9
47.1
62.3
336. 0
386. 9
35. 3
58.0
180. 9
8.5
36. 1
11.2
82.3
3.9
11.1
8.6
23.0
1.4
2.4
2.5
31.7
160. 1
253. 1
37.3
39.4
5.4
47. 0
19.5
116.2 \
97.1
14.1 I
10.6
1.4
20.5
4.2
22.4
40.1
6.7
4.6
Paper and allied products
Pointing and publishing
Chemicals and allied products
Rubber products
Stone, clay, and glass products -
3.2
34 9
10.6
.9
8.3
.3
19.8
3.8
.3
3.8
Metals and metal products
Other manufacturing 2
48.0
18.2
137.5
186.0
Transportation, communication, and other
public utilities
Wholesale trade
Retail trade
General merchandise
Food and liquor
Automotive
.._
\pparel and accesories
Eating and drinking places
Filling stations
Other retail trade
_.
Finance, insurance, and real estate
Service industries
Hotels and other lodging places
Personal services
Business services
Automobile repair
Miscellaneous repair
Motion pictures
Other amusements
- -
_ __ . .
-
221.5
1,726
1,978
2, 654
2,937
2,270
5,236
2,242
14, 735
24
121
224
36
26
4
53
49
170
593
98
108
14
123
69
148
1,093
144
266
31.
156
59
98
1,098
136
262
40
126
200
162
3,080
328
663
134
290
78
53
1,432
111
277
37
83
302
225
9,298
580
628
107
109
1,449
2,241
369
963
16
108
104
16 i
11 !
2 !
23
.07
.06
.12
.03
.04
433
590
1.095 j
290
388
1
19
5
(«)
4
2
33
10
1
7
7
51
21
2
17
26
86
52
4
27
36
66
53
5
28
119
152
156
27
96
54
68
60
23
42
188
115
738
228
167
.86
.10
.90
.10
S, 529
575
16
37
15
115
37
240
61
285
61
984
131
627
50
6, 225
213
1.79
1.24
.28
.12
.38
.08
3, 856
1 . 563
62
115
79
164
113
274
177
270
142
173
390
236
202
85
2, 691
246
4.7
.5
.6
.4
2.72
. 60
.45
.08
.28
. 10
.05
(5)
.31
.14
.05
(5)
5, 880
1 . 243
1 . 097
323
783
38
200
30
935
44
183
60
955
46
126
104
666
43
70
73
318
35
42
26
540
130
93
14
194
69
37
1
1,489
838
346
15
58
185
88
317
18
256
74
245
10
151
54
88
3
70
101
93
5
104
32
23
1
31
70
123
16
16.922
84.7
287. 3
154.4
322 6
59. 6
197.2
144.5
242.2
13.8
52.3
7.8
51.2
27.4
1.6
22.3
2.5
8. 5
.3
5. 2
1.3
(<)
1.0
.50
.52
.03
.54
.05
.03
(«)
.04
.03
.04
(«)
.04
549
1 . 348
163
1.157
200
72
274
38
264
303. 2
252. 8
28.6
13.5
5.4
1.6
1.11
.14
. 09
1,432
222
147
160
ICO
105
224
97
317
567. 6
63.8
285. 6
65.8
4(55. 7
50.3
246. 5
50.9
54. 9
6.5
22.7
7.5
28.8
3.8
9.6
4.3
11.8
1.7
4.4
2.1
4.1
.8
1.7
.7
2.16
.67
.76
.32
.15
.06
.02
.02
.08
.02
.01
.03
2,243
434
792
379
316
34
154
38
284
34
115
39
340
45
113
51
354
53
133
61
277
52
113
48
404
136
132
61
101
43
15
16
167
37
17
65
52. 1
54. 5
11.1
34.7
41.6
48. 5
3.4
24.7
7.3
3.8
2.8
4.3
2.6
.4
.4
1.2
1.6
.1
.1
.3
.03
.04
.20
. 13
(5)
(6)
.03
.01
(55)
()
.02
(8)
132
94
218
194
42
25
5
18
37
20
16
23
30
20
36
45
12
11
36
48
4
61
22
32
6
8
38
23
1
2
21
3
7.4:
s!i
3.6
January 1, 1946
81
(6)
2
44
2
Mid-March, 1946
3, 242. 5 2,347.5
438.8
274.9
111.2
36.9
27. 44
3.09
2.76
33, 631
1,938
2,384
3, 360
3, 387
2, 553
5, 537
2,172
12, 300
3? 7
199. 0
19.4
127.4
4.5
34.0
4.3
24.7
2.5
9.1
.9
2.5
.93
1.25
. 12
.07
. 11
.04
829
1,509
17
141
26
200
56
308
77
278
64
175
198
236
81
49
310
122
264.0
99.5
13.7
11.2
1 5
19.7
41.8
6. 7
4.8
50.9
7.8
8.4
1.2
10.1
36.6
4.7
9.1
1. 1
5.2
16.5
2.0
4.2
.6
2.0
15. 17
1. 65
3.57
.71
1.47
1.87
.16
.40
.07
.14
1.64
36.9 !
41.9
5 9
47.9
111
15
13
2
24
249
37
29
4
58
667
99
114
16
137
1,156
145
294
35
164
1, 156
140
295
46
139
3, 147
330
726
1.54
283
1,314
112
276
49
92
6,863
.05
14, 663
1,445
2, 460
428
1,000
Paper and allied products
Printing and publishing _ ___
Chemicals and allied products
Rubber products
Stone, clay, and glass products
3 4
35. 8
11.1
.9 1
8.8
.4
18.5
4.3
.3
3. 1
.3
I:?.1
1.5
.6
5.4
2.1
.1
1.9
.8
3.0
1.4
.1
1. 1
.5
1.0
.5
.57
.83
.64
.12
.52
.08
.10
.09
.03
.07
.07
.08
.12
.04
.05
453
686
1.017
297
471
2
38
10
1
11
8
67
26
2
25
27
91
44
4
37
32
68
47
6
37
120
165
136
27
115
57
69
65
24
52
206
168
684
?33
190
Metals and metal products
Other manufacturing 2
51 7
19 8 1
17 9
90
6 8
3.0
9 7
3.7
7.6
2.4
4.0
.9
4.39
.70
.66 !
.07 j
72
.04
5, 860
546
18
9
41
18
125
48
241
74 I
279
67
947
144
471
47
3. 738
139
112.0
128.0
16. 4
36. 0
12.3
28. 5
5.5
11.4
2.0
3.2
1.77
1.58
.29
.13
.39
.08
3, 953
1,867
70
133
90
196
152
348
167
341
138
220
377
295
208
92
2, 751
242
209. 2 j 102.0
8.9
4.1
40.2
12. 6
12.8
13. 1
27 2
~L5
2.8
4.6
5.7
.5
.7
2.93
. 65
.49 i
. 15
.28
. 11
. 06
5
()
.31
.14
.06
(5)
6, 595
1,258
1,178
502
877
39
222
33
1.108
47
208
75
1,203
50
144
160
795
47
83
135
388
35
47
48
568
137
99
23
200
81
41
2
1,456
822
334
26
2.7
8.3
-4
6. 8
.9
1.5
.1
1.4
.49
.54 !
.03
.59
.04
. 03
0) i
.04 1
574
.03
1,433
.03
243
()
.04 | 1.407
62
200
98
223
77
321
69
311
98
391
31
329
81 i
240
11
198 !
60
103
4
91
97
94
4
114
28
19
1
28
71
65
25
113
All industries
Mining and quarrying
Contract construction
Manufacturing
Food and kindred products
Textiles and textile products .
Leather and leather products
Lumber and lumber products __ ._ _.
Transportation, communication, and other
public utilities
._
Wholesale trade
Retail trade
.
_
General merchandise
Food and liquor
Automotive
.,
150. 6
208.9
. . _ 1, 458. 4 1,110.7
64.5
410.5
63 5
48.6
353. 6
32.1
Apparel and accessories
Eating and drinking places
Filling stations
Other retail trade
88.2
303. 5
171.4
200.4
Finance, insurance, and real estate
Service industries
Hotels and other lodging places
Personal services
Business services
Automobile repair ..
Miscellaneous repair
Motion pictures
Other amusements
..
See footnotes at end of table.
9! 2
8.2
33.0
2.9 I
28.4
!i
:ll
.03
!
20
(«)°
567
713
122
103
154.6
260.4
14.7
59.6
13.5
59.2
314. 9
258. 4
31.2
16.6
5. 5
1.7
1. 30
. 16
. 11 \ 1.614
231 1
164
199
165 j
118
256
116
365
613.9
63.4
492.0
74.2
55.7
65.7
7.0
25.2
9.4
35.6
4.4
11.2
5.8
13. 6
1.8
4.9
2.2
4.3
.7
1.9
.6
2. 51
.75 !
.88 !
.38
. 17 \
.08 i
.03
.03
.09 !
.02 i
.01 i
.03
358
34
170
44
351
37
131
51
427
54
134
71
408 I
56
149
66
294
52
127
44
460
1.50
148
70
112
52
16
21
191
47
15
63
45.6
59.1
3.2
25. 1
10.8
5.4 1
2.9
4.9 .
.03
.04
.22 !
.21 I
(5)
(6)
.02
(5) 1
(55) 1
() !
.03
(«)
54
31
5
20
59
29
16
28
50
29
37
52
21
16
41
59
6
6
27
32
6
8
41
37
1
2
17
3
356.8
298.8
61.7
67.8
ll.fi
36.6 i
61.1
48.6
254.7
4.3
2.6
3.3
4.0
i
.8
.6
1.4
1.9
.1
.1
.4
.4 !
5
2, 601
482
890
430
197
121
245
236 i
(«)
(6)
61
SURVEY OF CURRENT BUSINESS
22
May 1954
Table 7.—-Number of Firms in Operation and Paid Employment by Industry and Size of Firm, 1945-51 1—Continued
[Thousands]
Paid employment
Number of firms in operation
All size
classes
Industry
Employee size classes
Employee size classes
0-3
20-49
All size
or classes
50-99 100-499 500-999 1,000
more
4-7
8-19
497.2
307.8
118.0
38.3
2.6
11.3
1.1
3.3
.96
1.82
0-3
4-7
8-19
Mining and quarrying
Contract construction
3,872.9 2, 876. 6
or
50-99 100-499 500-999 1,000
more
Mid-March 1948
January 1, 1948
All industries
20-49
28. 66
3.04
36, 475
2,211
2,597
3,677
3,604
2,663
5, 713
2,291
13, 719
.13
.15
.10
.06
896
2,074
17
198
31
271
66
390
81
345
77
227
207
335
89
101
328
207
3.31
36.2
310. 3
20.9
210.8
5.3
50.2
5.1
32.7
Manufacturing
Food and kindred products
Textile mill products
Apparel and other finished textile products _ _
Leather and leather products
315.4
39.0
9.2
135.7
15.8
2.1
50.7
7.1
.8
56.5
7.9
1.6
37.0
4.5
1.5
16.4
1.8
1.0
15.31
1.56
1.55
1.98
.16
.30
1.79
.14
.24
15, 864
1,464
1,386
133
17
2
276
38
5
707
98
22
1,166
139
49
1,153
126
73
3,144
312
344
1,373
109
207
7,912
61
684
39.7
6.9
15.0
2.7
4.6
.7
7.3
1.1
7.4
.9
3.1
.5
2.06
.71
.14
.06
.07
.04
1,217
423
12
2
26
4
94
14
238
31
219
38
382
151
91
44
155
139
Lumber and timber basic products
Furniture and finished lumber products
Paper and allied products
Printing and publishing
Chemicals and allied products
49.7
12.3
3.7
39.8
11.5
21.4
5.4
.6
21.4
5.3
10.7
1.9
.4
7.3
1.8
10.2
2.2
.7
5.9
2.0
4.4
1.5
.8
3.1
1.2
1.7
'.5
1.1
.5
1.07
.62
.55
.87
.48
.09
.05
.08
.10
.08
.04
.03
.08
.09
.10
818
348
462
733
743
24
5
1
21
5
61
10
2
38
9
138
46
26
94
39
116
46
34
79
38
202
124
115
172
103
62
35
53
72
59
84
54
222
185
465
Products of petroleum and coal
Stone, clav, and glass products
Primary metal industries
Fabricated metals Machinery except electrical
.9
13.8
5.7
20.7
22 8
.3
6.9
1.4
8.8
9.4
.1
2.4
.7
3.0
3.5
.2
2.1
1.0
3.6
4.2
.1
1.2
1.0
2.6
2.7
.1
.5
.6
1.2
1.2
.10
.54
.70
1.21
1.39
.01
.08
.12
.19
.21
.03
.06
.14
.12
.22
354
521
1,296
1,005
1,537
4
38
33
81
84
6
37
42
87
87
25
116
152
244
299
9
58
80
134
149
307
228
970
391
837
_____
2
8
10
1
12
4
16
19
131
28
9
72
25
2
25
13
44
52
(6)
Electrical machinery
-__
Transportation equipment
Professional, scientific, and controlling
instruments
Rubber products
Miscellaneous 2
4.8
5.3
1.7
2.0
.6
.8
,8
.9
.6
.7
.4
.3
.48
.35
.09
.06
.12
.13
1,011
1,398
2
2
3
4
10
11
21
21
25
22
106
78
66
44
778
1,216
4.2
1.0
24.5
2.1
.4
13.1
.5
.1
3.6
.6
.2
3.9
.4
.1
2.2
2
'.1
.8
.22
.14
.70
.03
.03
.08
.05
.04
.06
274
298
576
2
(6)
11
3
1
20
8
2
47
12
4
68
14
5
59
48
30
141
22
22
57
165
234
1/3
Transportation, communication, and other
public utilities _
Wholesale trade
175.9
254.8
133.7
162.8
18.5
41.7
13.3
32.5
5.8
12.5
2.0
3.3
1.90
1.76
.30
.13
.43
.07
4,115
1,985
79
149
97
218
161
389
177
377
143
231
399
324
207
91
2,852
206
1, 730. 0 1, 353. 0
70.7
55.0
333.9 302.3
33.8
29.8
80.1
61.6
227.2
8.7
23.9
2.9
11.0
110.7
4.1
5.9
.9
5.4
29.2
1.5
1.2
.2
1.4
6.2
.5
.3
4
()
.3
3.08
.66
.23
.01
.28
.30
.11
.04
5
()
.04
.34
.16
.04
(5)
.03
7,097
1,366
760
57
403
1,001
42
160
23
47
1,166
44
118
14
57
1,283
48
65
10
62
860
47
34
5
43
417
33
19
3
23
591
138
49
2
53
208
74
26
6
()
26
1,571
940
289
6
()
92
1
1
(6)
25
7
4
6
U
24
14
Retail trade _
.
General merchandise
Grocery, with and without meats
Meat and seafood
Other food
Motor vehicles
Filling stations
Automotive parts and accessories
Apparel
Shoes
62.6
210.4
23.7
81.8
15.3
26.2
190.4
18.4
58.1
11.2
13.4
16.1
3.2
12.4
2.4
15.3
3.4
1.6
7.6
1.2
6.3
.4
.4
2.5
.3
1.2
.1
.1
.7
.1
.18
.03
.03
.42
.10
(55)
(5 )
()
.04
.01
(5)
(5s )
()
.03
.01
586
266
80
464
93
28
122
14
56
11
73
79
16
64
12
188
37
18
89
13
186
11
10
74
10
79
4
4
51
7
27
6
6
81
19
Lumber and building materials
Hardware and farm implements
Appliances and radios
Home furnishings
_
Eating and drinking places
24.1
56.5
38.6
47.0
349.9
10.8
41.9
30.8
32.8
245.1
5.5
9.8
5. 1
7.9
64.0
5.0
4.1
2.2
4.6
32.0
2.0
.6
.4
1.3
7.0
.5
.1
.1
.2
1.2
.20
.04
.02
.11
.45
.01
(55)
()
.01
.02
(55 )
()
(5)
.01
.03
259
172
92
217
1,385
12
40
23
28
227
30
50
26
41
333
60
46
25
54
370
62
17
11
38
207
36
5
3
17
87
36
7
3
21
79
53.4
29 5
218.7
30.0
27.1
181. 4
16.0
1.9
23.1
6.2
.4
10.9
1.0
2^6
.1
(4)
.5
.10
(5)
.23
02
(5)
.02
.02
(5)
.01
313
32
552
41
16
111
82
9
118
69
4
125
28
2
75
9
1
36
21
(6)
43
_
Drugs
Liquor
Miscellaneous retail
(6)
5
1
8
12
11
(6)
11
18
7
(6)
10
70
52
(6)
33
Finance, insurance, and real estate
322.4
262.7
32.5
17.9
5. 7
1.8
1.40
.17
.14
1,742
226
167
211
172
126
274
116
450
Service industries __
Hotels and other lodging places
Laundry, cleaning and garment repair.
Barber and beauty shops
Other personal services
728.0
66.9
597.0
51.8
60.7
169.1
60.2
71.0
7.3
12.0
8.6
5.9
39.2
4.5
8.2
1.7
2.0
14.0
1.8
4.3
.2
.4
4.2
.7
1.7
(4)
.1
2.43
.73
.79
.02
.04
.16
.08
.01
(55)
()
.09
.02
.01
(55)
()
2,702
466
618
172
117
408
35
49
97
40
371
38
63
41
30
470
54
99
18
22
426
54
136
7
11
289
52
116
2
5
439
141
131
3
8
106
50
7
2
1
193
42
17
2
.03
(5)
(5)
.03
(5)
489
210
133
250
247
54
65
38
6
24
58
57
32
16
36
86
51
30
45
65
78
22
16
42
60
46
7
6
27
28
73
7
6
38
32
24
1
1
18
2
Business services
Automobile repair
Miscellaneous repair
Motion pictures
Other amusements
179^6
68.5
96.0
81.5
91.6
12.7
43.5
73.9
65.0
82.0
4.1
30.3
11.2
11.1
6.2
2.9
5.8
7.2
4.5
2.7
3.6
4.9
.7
.1
.1
.4
.4
2.6
.8
.6
1.4
1.9
.40
.04
.04
.20
.18
.04
(55)
()
.03
(5)
All industries
70
(8)
(8)
58
Mid- March, 1949
January 1, 1949
Mining and quarrying
Contract construction
Manufacturing
Food and kindred products
Textile mill products
_ __
Apparel and other finished textile
products
Leather and leather products
Lumber and timber basic products
Furniture and finished lumber
products
Paper and a1 lied products
Printing and publishing,-.
Chemicals and allied products
___
Products of petroleum and coal
Stone, clay, and glass products _ _ _
Primary metal industries
Fabricated metals
Machinery except electrical _ _
Electrical machinery
Transportation equipment _ _ _
Professional, scientific, and controlling
instruments
Rubber products
M iscellaneous 2
(6)
498. 2
300. 4
116.0
37.4
27.34
3. 10
2.90
35, 379
2,311
2,618
3,623
3,507
2,572
5, 426
2,141
13, 181
37.5
338.9
322 5
40.3
93
23.0
244.3
143.5
15.9
2.3
5.2
49.3
52.1
7.7
1.0
4.7
29.6
56.6
8.4
1.7
2.5
10.5
36.6
4.6
1.5
1.0
3.2
16.0
1.8
1.0
.91
1.77
14.36
1.55
1.42
.13
.12
1.81
.14
.25
.11
.06
1.64
.15
.21
867
1,958
14, 950
1,465
1,243
18
216
143
18
2
29
264
284
41
5
60
355
715
105
22
77
317
1,142
139
49
66
219
1,111
128
68
190
322
2,930
314
308
89
81
1,251
99
178
338
184
7,375
620
611
39.5
6.7
51.8
14.5
2.7
25.6
4.6
.8
10.3
7.4
1.1
3.2
Q
3
y. o
7.5
.9
4.1
2.00
.69
.94
.13
.06
.07
.06
.04
.04
1,214
405
731
12
2
27
26
4
59
99
14
117
240
27
125
224
36
95
370
149
177
91
40
49
152
133
81
13.0
38
40.9
11.8
1.0
13.6
5.7
21.5
23.5
4.9
5.4
6.2
.8
22.1
5.7
.3
6.7
1.7
9.0
10.2
1.8
2.3
1.8
.4
7.4
1.8
.1
2.4
.7
3.4
3.8
.6
.8
2.2
.7
6.0
1.9
.2
2.1
1.1
3.9
4.2
.8
.9
1.4
.8
3.1
1.3
.1
1.2
.9
2.6
2.5
.7
.6
.6
.4
1.1
.5
.1
.5
.5
1.2
1.2
.4
.3
.56
.54
.87
.48
.10
.52
.60
1.06
1.27
.44
.32
.05
.07
.11
.08
.02
.08
.12
.16
.20
.08
.06
.02
.08
.09
.09
.03
.06
.13
.10
.20
.11
.12
311
448
743
725
271
505
1,219
923
1,423
898
1,378
6
1
22
5
(8)
2
10
10
2
2
10
2
40
9
1
13
4
19
21
3
4
28
10
73
24
2
26
13
49
52
11
11
45
27
95
40
4
38
29
82
79
21
19
43
31
78
37
6
36
36
86
81
25
21
109
111
171
97
23
112
131
218
269
97
70
31
50
75
58
10
54
81
107
137
59
42
40
216
188
454
224
219
923
352
773
681
1,208
4.3
1.1
24.6
2.1
.4
13.4
.6
.1
3.7
.7
.2
3.7
.4
.1
2.2
2
.'l
.8
.21
.13
.66
.03
.03
.07
.04
.04
.05
237
274
538
2
(6)
12
3
1
20
9
3
46
12
4
68
14
6
58
45
30
129
20
20
50
134
209
155
3, 984. 2 2, 998. 8
,:.
SURVEY OF CURRENT BUSINESS
May 1954
23
1
Table 7.—Number of Firms in Operation and Paid Employment by Industry and Size of Firm, 1945-51 —Continued
[Thousands]
Number of firms in operation
Industry
All size
classes
Paid employment
Employee size classes
0-3
4-7
8-19
20-49
All size
or classes
50-99 100-499 500-999 1,000
more
Employee size classes
0-3
4-7
8-19
January 1, 1949
Transportation, communication, and other
public utilities
_ _
Wholesale trade
180.1
260.1
Retail trade
General merchandise
__ __
Grocery, with and without meats
Meat and seafood
Other food
Mid-March, 1949
18.1
42.5
12.6
32.3
5.7
12.1
2.0
3.3
1.86
1.71
.30
.13
.42
.08
3, 998
2, 053
81
156
96
224
153
391
172
360
139
224
392
317
207
89
2, 758
291
1, 782. 7 1, 406. 0
56.6
72.0
33.6
82.4
308.2
29.7
65.0
228.9
8.6
23.1
2.8
10.4
108.8
4.0
5.7
.9
5.0
29.2
1.5
1.3
.2
1.3
6.1
.5
.3
(4)
.3
3.04
.64
.24
.01
.28
.29
.10
.04
(5)
.03
.33
. 15
.05
5
()
.03
7.111
1,294
765
58
400
1,050
43
163
23
48
1,188
44
115
14
55
1,277
47
65
10
58
853
45
37
5
40
411
33
20
2
22
580
133
50
2
54
205
73
25
1
22
1,547
876
291
C1)
102
66.4
216.8
24.4
85.0
16.5
28.4
196.0
19.3
61.3
12.3
13.6
17.0
3.1
12.6
2.5
16.0
3.3
1.6
7.5
1.2
6.9
.4
.3
2.5
.4
1.4
.1
(4)
.1
.22
.03
.03
.42
.08
(55)
(5)
()
.04
.01
(55)
(5)
()
.02
.01
631
280
81
491
92
29
131
15
58
12
74
84
16
65
13
199
37
19
89
14
203
12
9
74
11
90
4
3
45
8
31
6
6
81
17
2
1
1
26
6
2
5
13
53
11
25.2
59.9
40.1
49.5
11.8
44.4
32.3
34.8
257.9
5.9
10.4
5.1
8.4
64.6
5.0
4.4
2.2
4.7
30.8
1.9
.6
.4
1.2
6.9
.5
.1
4
()
.3
1.2
.18
.04
.02
.11
.44
.01
(55)
()
.01
.02
( 55)
( 5)
()
.01
.03
239
178
107
237
1,378
14
39
24
31
242
32
54
26
44
340
61
49
25
56
359
56
18
12
36
200
32
6
3
18
84
33
7
3
22
74
4
7
5
13
24
67
53.8
30.5
30.3
28.2
189.7
16.2
1.9
22.7
6.1
.4
10.2
1.0
.1
2.4
.1
(4)
.5
.10
(5)
.21
.02
(5)
.01
.02
(5)
.01
307
33
539
43
17
118
85
9
117
68
4
117
27
2
68
10
(9)
31
21
(6)
40
Lumber and building materials
Hardware and farm implements . _ _
\ppliances and radios
Home furnishings
Eating and drinking places
362.0
Dru°s
Liquor
_
__
Miscellaneous retail
225.6
_
or
50-99 100-499 500-999 1,000
more
139.2
168.1
338.9
Motor vehicles
Filling stations
Automotive parts and accessories
Apparel
Shoes
_ _- .
20-49
(6)
1
7
14
13
(•)
10
41
I6)
38
Finance, insurance and real estate _ _
323.6
265.0
32.1
17.4
5.6
1.8
1.40
.16
.16
1,774
233
166
208
168
122
277
111
487
Service industries
Hotels and other lodgin0" places
Laundry, cleaning and garment repair..
Barber and beauty shops __
Other personal services
738.6
67.5
90.8
177.4
70.7
609.7
52.7
63.6
167.4
62.6
70.0
7.2
12.3
8.1
5.8
38.4
4.3
8.3
1.6
1.9
13.9
1.8
4.3
.3
.4
4.1
.7
1.6
(4)
2.30
.69
.71
.02
.05
.16
.08
.02
(55)
()
.10
.02
.01
5
( 5)
()
2,666
414
36
51
96
41
366
38
65
40
29
464
51
101
17
21
418
55
132
7
11
279
51
111
3
5
418
137
118
3
10
107
51
10
2
(6)
201
39
16
2
100.2
81.6
88.3
13.1
48.9
77.9
66.1
80.6
4.2
34.5
11.2
10.4
5.1
3.1
6.8
7.4
2.6
.7
4.2
.7
.1
.1
2.0
.5
1.5
3.7
.4
5.1
2.0
.4
January 1, 1951
.39
.04
.02
.20
.18
.03
(55)
()
.03
(5)
.03
(55)
()
.03
(5)
495
199
116
254
254
57
64
36
6
27
59
53
26
17
39
90
48
23
47
65
76
20
13
44
61
46
6
4
26
28
72
7
3
37
32
22
1
1
18
3
4,067.3 3, 040. 0
22.4
37.0
264. 9
377. 3
513.2
5.3
57.4
311.8
4.8
35.3
124.7
2.5
13.2
40.7
1.0
3.9
30.34
.89
2.40
3.38
.11
.16
3.18
.11
.08
38, 390
844
2,702
3,769
29
310
61
423
3, 786
78
401
2,812
66
275
6,038
2,407
2,416
18
244
2,318
73
111
14, 551
333
206
40.2
9.3
137.3
16.5
2.1
51.9
7.4
.9
57.3
8.0
1.7
38.9
4.6
1.6
17.4
1.8
1.0
16.16
1.57
1.49
2.06
.18
.28
1.85
.16
.22
16, 820
1,531
1,301
144
19
2
287
40
5
731
100
22
1,218
142
53
1,211
124
74
3,305
316
326
1,420
124
193
8,503
Business services
Automobile repair
Miscellaneous repair
Motion pictures
Other amusements
._
_
-
AH industries Mining and quarrying
Contract construction
457
603
171
116
(6)
74
(«)
10
59
(6)
Mid- March, 1951
185
437
Manufacturing _
__
Food and kindred products..
.
Textile mill products __. _.
Apparel and other finished textile
products
Leather and leather products _ .
322.8
38.9
6.3
14.2
2.3
4.4
.7
7.2
1.0
7.4
.9
3.2
.5
2.22
.72
.16
.07
.08
.04
1,284
420
12
2
25
4
96
13
235
28
225
38
416
157
106
44
170
132
Lumber and timber basic products
Furniture and finished lumber productsPaper and allied products
Printing and publishing
Chemicals and allied products
50.9
12.7
3.9
42.0
12.0
23.0
5.7
.7
22.7
5.6
11.0
1.8
.4
7.7
1.7
9.6
2.1
.7
6.2
2.1
4.5
1.5
.8
3.2
1.4
1.7
.7
.5
1.1
.6
1.13
.68
.60
.92
.48
.08
.06
.09
.12
.09
.04
.03
.09
.09
.10
829
377
514
793
831
29
6
1
23
6
65
10
2
41
9
124
27
9
76
26
138
46
27
97
43
114
50
38
77
40
213
135
129
182
99
57
39
59
83
60
90
64
250
215
548
Products of petroleum and coal ..
Stone, clay, and glass products __
Primarv metal industries
Fabricated metals _ _
_ _ ... _.
Machinery except electrical
1.0
13.3
5.4
22.6
24.2
.3
6.2
1.2
8.6
9.2
.2
2.3
.6
3.4
3.9
.2
2.1
1.0
4.3
4.7
.2
1.4
1.0
3.1
3.1
.1
.6
.6
1.5
1.3
.11
.59
.69
1.38
1.46
.02
.09
.12
.17
.20
.03
.07
.14
.13
.24
322
574
1, 322
1,084
1,632
2
9
11
1
12
4
18
22
3
27
13
55
60
5
43
32
97
98
5
43
43
105
92
23
121
152
283
310
14
63
86
115
140
271
259
990
401
898
Electrical machinery
Transportation equipment
Professional, scientific, and controlling
instruments
Rubber products.
Miscellaneous2
5.1
5.1
1.7
2.2
.6
.7
.8
.7
.7
.6
.4
.3
.57
.38
.13
.07
.12
.13
1, 045
1,761
2
2
3
4
11
10
23
20
30
21
120
82
88
52
769
1,572
4.3
1.2
24.3
2.1
.3
12.5
.6
.1
3.6
.7
2
39
.4
.2
2.3
.2
.1
1.0
.23
.15
.80
.03
.03
.08
.04
.04
.06
294
302
606
2
(6)
11
3
1
19
9
3
48
14
5
73
15
8
69
50
34
157
19
24
56
182
227
172
Transportation, communication, and other
public utilities
. ._
__
Wholesale trade
268.6
180.7
139.2
169.2
17.9
44.5
12.8
34.9
6.0
13.9
2.1
3.8
1.95
1.95
.31
.13
.45
.08
4,119
2,212
83
161
95
237
156
426
182
417
146
260
414
355
213
90
2,829
1, 820 9 1, 436. 0 233.4
57.8
74.2
8.9
30.4
1.7
1.5
.2
1.5
6.5
.6
.4
(4)
.4
3.19
.61
.30
.01
.25
.29
.10
.03
(5)
.03
.35
.16
.05
(5)
.03
7,430
1,386
834
57
408
1,097
45
167
24
54
1,211
46
118
13
58
1,300
52
72
10
62
898
51
43
5
44
444
41
25
2
24
610
133
60
2
49
202
69
24
1
21
1,669
949
324
(6)
96
1
1
2
23
5
2
6
14
57
19
3
3
6
13
77
48
Retail trade
General merchandise _ _ _ _.
Grocery, with and without meats
Meat and seafood
Other food
__
(6)
668
625
267
34.1
84.2
308.2
30.3
65.5
23.5
2.7
11.2
110.7
4.4
6.2
.8
5.3
62.5
221.9
26.1
89.0
17.5
25.5
197.3
20.7
63.7
13.3
12.8
19.8
3.4
13.4
2.4
15.4
4.2
1.5
8.0
1.2
6.9
.6
.4
2.7
.4
1.5
.1
.1
.7
.1
.28
.04
.02
.43
.10
(55)
( 5)
()
.03
.01
(5)
(55)
()
.03
.01
639
320
88
523
102
25
138
17
64
13
70
99
18
70
13
194
46
18
96
15
204
16
11
80
10
102
7
4
49
7
41
8
5
85
20
27.8
63.2
53. 8
12.2
47.2
37.6
7.2
10.7
9.3
5.9
4.5
5.3
1.8
L3
.5
.1
.3
.18
.04
.11
(55)
()
.01
(55)
()
.01
249
187
243
17
41
34
38
56
48
71
51
62
54
19
39
30
7
20
33
8
20
Eating and drinking places
Drugs
364.8
266.7
30.2
61.1
16.5
28.6
6.1
6.7
1.0
1.2
.1
.47
.10
.03
.02
.03
.02
1,363
319
248
44
321
86
333
69
205
28
83
9
80
22
18
12
Liquor
Miscellaneous retail 3
34.0
273.3
30.9
228.8
2.5
28.0
.5
12.6
.1
3.0
.5
(5)
.24
(5)
.02
(5)
.01
42
672
21
143
12
144
5
146
2
87
1
35
(6)
44
(6)
15
Finance, insurance, and real estate-
326.9
264.5
34.3
18.5
5.9
1.9
1.51
.16
.17
1,910
251
176
219
175
132
309
111
536
Service industries
Hotels and other lodging places
Laundry, cleaning and garment repair.
Barber and beauty shops
Other personal services
_
,
733.0
606.5
52.3
64.4
165.5
63.5
68.5
7.2
12.3
8.0
5.9
37.5
4.1
7.9
1.6
1.9
13.9
1.8
4.2
.3
.4
4.0
.7
1.6
.1
.1
2.29
.68
.69
.02
.04
.14
.07
.01
(55)
()
.10
.02
.01
(55)
2,649
419
40
52
97
43
358
38
65
39
30
453
50
96
18
22
418
54
129
8
11
278
50
109
4
5
422
136
115
4
8
96
48
7
1
207
38
17
2
340.2
Motor vehicles _.
._
Filling stations _ _ _
Automotive parts and accessories
AppareL.
Shoes
Lumber and building materials
Hardware and farm implements
Home furnishings
_
54.2
66.9
91.2
175.5
71.8
(4)
( )
454
590
173
118
(6)
(6)
(6)
(6)
57
24
SURVEY OF CURRENT I5US1XESS
.\i tiy 1954
1
Table 7.—Number of Finns in Operation and Paid Employment by Industry and Size of Firm, 1915-51 —Continued
[Thousands]
Number of firms in operation
Employee size classes
Industry
All size
classes
0-3
4-7
8-19
1
Service ind ustries — Continued
Business servicesAutomobile repair
Miscellaneous repair
Motion pictures
Other amusements
Paid employment
20-49
January 1,
Employee size classes
I
A n size
' i nnnnr Classes
50-99 100-499 500-999 1 m^°
1
|
0-3
!
;
;
1951
_._
10.6
8.1
5.0
3. 5
7.8
78.7
65.3
76.4
4.9
35.5
6.8
3.3
2.0
4.0
5.7
2.4
'.5
1.4
2.2
:
!
i
i
Mid-March, 1951
:
i
99.7
77. 7
84.0
14.5
51.8
|
8-19 ' 20-49 ' 50-99 100-499 j 500-999 ! lm^r
4-7
.1
!s4
1. Additional industry detail for 1946 and data for 1947 are available upon request. Estimates are not available for 1950.
2. Includes tobacco manufactures.
3. Includes appliances and radios.
4. Less than 50 firms.
.41
.03 !
.04 '•
.20 :
.17
.03
(*')
(5)
.02
.01 i
.03
(5)
.01 !
.03
(»)
j
492
174
128
247
273
£
3
7
31
56
42 i
26 1
19
43
i
82 !
39
24 i
50 i
71
i
72
21
14
43
66
i
i
i
i
;
;
45
7
6
24
2S
i
i
79 !
6
7 ;
37 '
31 !
20 I
1
I
14
3 !!
!
81
.
(»}
(9)
53
5. Less than 5 firms. 6. Less than 500 employees.
Source: I". S. Department of Commerce, Office of Business Economics estimates, based
primarily on data from the U. S. Department of Health, Education, and Welfare, Bureau of
Old-Age and Survivors Insurance.
Technical Notes
The sources of data and methods employed in preparing business population estimates
Were described in the technical notes to the article, Recent Business Population Movements,
which appeared in the January 1954 SURVEY. The distributions of the number of firms in
operation and of employment by employee-size classes were prepared within this framework, primarily from Bureau of Old-Age and Survivors Insurance information supplemented
by data from the Interstate Commence Commission and the Railroad Retirement Board for
interstate railroads and related employers not covered by the Social Security Act. Railroad and related employment represent annual averages: BOASI employment is as of the
payroll period ending nearest March 15.
BOASI furnished tabulations of employers and mid-March paid employment by employeesize classes, by detailed industry, and by State or territory. These tabulations covered the
estimated total number of employers in operation at any time during the first calendar quarters of the years 1945-49 and 1951. The BOASI tabulations were combined with the supplementary data and further adjusted to: (1) exclude employers coming into operation during
the first quarter to yield estimates as of January 1; (2) include estimates of the number of
firms in operation with no paid employees; and (3) exclude employers covered by BOASI
but not in the scope of the business population, such as employers operating only outside
the limits of the continental United States or in the fields of agriculture or the professional
services.
The size distributions presented here show the number of firms in operation January 1,
while employment is essentially as of mid-March. This difference in timing does not appreciably affect any of the comparisons.
Firms are classified by industry according to the major activity of the firm as a whole,
Eor a firm engaged in more than one line of business but which consists of a single establishment, the major activity is determined on the basis of gross receipts or sales. The major
activity of each establishment of a multiunit firm is determined in the same way, but in
combining these establishments, employment is the factor used to determine the major
activity of the firm as a whole. The size classification of a multiunit firm is, of course, according to the firm's total employment.
In 1949, multiestablishment firms which were also in operation in 1948 were given the
industry classification determined for the previous year. In all other years, multiunit firms
were classified by industry on the basis of current-year information. In some cases this procedure may have resulted in firms crossing industry lines from one year to the next. Although
glaring inconsistencies are not apparent, this factor should be kept in mind when examining
the data for the upper size classes by detailed industry.
The industry breakdown of employment presented here differs considerably from ona
based on the industrial classification of "establishments" rather than "firms." Estimates
of paid employment by major industry division on an establishment basis were prepared
from "1951 County Business Patterns," published jointly by the U. S. Department of Commerce and the U. S. Department of Health, Education, and Welfare. County Business
Patterns relies upon the same basic data as business population statistics, but classifications
are based upon "reporting units" rather than "firms." Reporting units, especially with
respect to industry totals for paid employment, are essentially the same as "establishments."
In order to achieve comparability between the two employment estimates, it was necessary
to adjust the County Business Patterns data for late tax returns and for a small number of
reporting units for which the industry classification was unknown.
A change from a firm to an establishment classification in J951 would result in a net change
in the major industry classification of an estimated 700,000 employees, or about 2 percent of
all paid employment. The effect would be particularly important in wholesale trade, wh?r"
a change to an establishment classification would increase employment by roughly one-fourth.
In mining and quarrying, employment would increase 8 percent, and in manufacturing and
the service industries, employment would decrease about 4 percent. In all other major
industry divisions of the business population, a change from a firm to an establishment
classification would change total employment less than 1 percent.
International Investment Position of the United States
(Continued from p. 14)
of Payments Division on short-term foreign assets of United States Government agencies.
Foreign direct investments in the United States—based on the Treasury Census, TFR 300,
Census of Foreign-Owned Assets in the United States, for 1941, carried forward on the basis
of data on capital flows and earnings supplied on quarterly questionnaires by the larger
companies, plus data collected from tax returns and public sources.
Foreign investments in United States corporate stocks and bonds—based on a complete
tabulation from withholding tax statements filed with the Bureau of Internal Revenue
giving 1950 holdings for bonds and 1949 holdings for stocks. No attempt was made to allow
for omissions due to incomplete filing, noninterest paying bonds, or nondividend paying
stocks—it is believed after study that the omission of these holdings does not materially
affect the total. A total of $250 million was included in corporate stocks each year to allow
Table 6.—Factors Affecting the Value of United States Long-Term
Private Investments Abroad, 1947-53
[Millions of dollars; reductions ( —)]
Table 7.—Factors Affecting the Value of Foreign Long-Term
Investments in the United States, 1947-53
[Millions of dollars; reductions (—)]
Item
Direct investments, beginning of year. 7, 227 8, 366 9,625 10, 700 11,788 13,089
Net capital outflows from United
850
749
721 i 660
621
52S
States
876
562
425
475 | 752
Undistributed subsidiary profits. . 390
4
-8 j
22
-24 j -10
Otherfactors
8.' 360 9,625 10, 700 11,788 13,089 14,819
Direct investments, end of year
Foreign dollar bonds, beginning of |
1,524 l 1,563 1,658
year
396 i 150
118
New issues
-295 | -62-103
Retirements
| -295
Price fluctuations and adjust55
—62
7
ments
503 1, 658 1, 728
Foreign dollar bonds, end of year
j 1, 503
Other foreign securities and miscel3. 512
laneous, beginning of year
-137
Net pui chases of securities
85
Othei capital outflows and loans_.
Price fluctuations and adjust57
ments
Other foreign securities and miscella3, 517
neous, end of year
j 3,517
14.819
697
691
16,207
1,728
254
-301
1 , 692
491
-113
2.071
287
—66
2,244
270
-62
11
1, 692
1
2,071
-48
2,244
-75
2,377
3, 517 3,444
7 -42
107
— °5
3.209
322
220
4,008
-25
84
4. 135
-133
126
4.027
-274
-115
-55
-300
257
68
-101
-91
3,444
3,209
4,008
4, 135
4,027
3, 547
1
Source: U. S. Department of Commerce, Office of Business Economics.
for holdings of United States citizens resident abroad, as given in the Treasury Census. Also
included in the total are foreign holdings of about $100 million of state and municipal bonds,
based on the Treasury Census, which are not subject to withholding.
Other long-term investments in the United States—based on the Treasury Census, TFR
300, adjusted to allow for debts and claims no longer existing. Changes from year to year are
based largely on data reported to the Treasury Department monthly or quarterly by banks
and commercial concerns.
Short-term dollar assets owned abroad—same as United States short-term assets abroad,
plus an allowance for omissions based on the Treasury Census TFR-300, currency shipments reported by banks, and minor additions based on unpublished data.
United States Government long-term securities owned abroad—based on the Treasury
Census, TFR-300, carried forward from 1941 to 1949 on the basis of an estimated breakdown
of data reported monthly to the Treasury. For 1950-53 the data reported to the Treasury on
transactions in United States Government bonds were adjusted to eliminate certain apparent
discrepancies.
Item
1953
1947
1 948
1949
1950
1951
1952
Direct investments, beginning of year- 2,503
10
Net capital flow to United States .
90
Undistributed subsidiary profits..
2, 603
Direct investments, end of year
2, 603
34
150
2.787
2. 787
54
100
2.941
2,941
64
133
3, 138
3, 138
66
126
3,330
3, 330
107
82
3,519
3,519
126
99
3.744
2. 673
-197
2. 443
18
2. 667
3
3, 106
134
3, 639
38
3, 932
68
Corporate, state and municipal se2.919
curities, beginning of year . .
Net capital flow to United States _ -170
Price fluctuations and adjust-76
ments
Corporate, state and municipal se2. 673
curities end of vear
Other private obligations, beginning
1,563
of vear
Net capital flow from United
-19
States
Other private obligations, end of year. 1,544
-33
200
436
399
255
-81
2. 443
2. 667
3, 106
3, 639
3 9o 2
3. 919
1 . 544
1,526
1,514
1,500
1,4M
1.478
-18
1 . 526
12
1.514
-14
1 , 500
-19
1,481
— ;>
-1
1,477
Source: U. S. Department of Commerce, Office of Business Economics.
1,478
BUSINESS STATISTICS
1 HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
nmbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may he reprinted freely.
provided through the courtesy of the compilers, and are subject to their copyrights.
Data from private sources are
1954
195
Unless otherwise stated, statistics through
1952 and descriptive notes arc shown in the
1953 Statistical Supplement to the Survey
March
April
May
July
June
August
September
October
November
December
January
~
March
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total _
... . . bil.ofdoL.
Compensation of employees, total
do
Wages and salaries, total
do
Private
do. - - Military
_. -do
Government civilian
do
Supplements to wages arid salaries
.-do ...
Proprietors' and rental income,
totalcf
do
Business and professional cf1
do
Farm
_
. do
Rental income of persons
- _ _ d o _ ..
Corporate profits and inventory valuation adjustment, total
bil. of dol. .
Corporate profits before tax total
do
Corporate profits tax liabilitv
do
Corporate profits after tax
. ... do
Inventory valuation adjustment
do
Net interest
- -..do
306. 7
204.5
194.5
161.3
10.4
22.8
10.0
50.8
27.0
13.4
10.4
310. 7
208 0
198.0
164.5
10.6
22 9
10 0
49 7
27 0
12 3
10 4
308.1
210 4
200.6
166.9
10.5
23 1
43.8
44. 6
24.4
20.3
-.8
7.6
45.2
45 9
25 0
20.8
-.6
7. 7
40.7
43 3
23 6
19.6
-2.6
;w o
Gross national product, total
do
Personal consumption expenditures, total. do
Durable goods
,
- do
Nondurable goods
do
Services
do
Gross private domestic investment, total
bil oi dol
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
National security 9
_.
do
State and local
do
363. 9
227.7
30.2
121 2
76 3
371 4
230.4
30.7
122 1
77 f\
369 5
231.0
30.4
121 3
79 2
363 5
230 0
99 i
80 5
357. 8
229. 8
28.2
120.4
81 3
54. 9
25.0
26.2
3.7
-2.1
58 o
25 3
26.9
6 3
—2 5
55 2
24.9
27.1
3 1
—2.1
48 K
25 3
26 5
- 3 0
—10
46 8
26.4
25. 2
— 4.8
—10
83.4
58.5
51.6
24.9
85. 0
60. 5
53 5
24 6
85. 5
60. 4
52. 1
25 2
85 7
59 5
50 0
82. 2
55. 1
46. 9
27 1
Personal income, total
._do ..
Less: Personal tax and nontax pavments do
Equals: Disposable personal income- , .. ...do ..
Personal saving!
- do
281.6
36.2
245.4
17.7
...
284
36
247.
17
300 S
9.8
49 1
26.9
11 6
10. 6
34
18
15
1
8
7.9
4
7
7
2
205. 1
194. 7
161.2
10.0
23.5
10.4
49.9
26. 7
12.3
10.9
207 7
198.0
164. 4
10 3
°3 3
9 8
50 0
26 9
12 '>
10 8
0
*)
4
0
1
—.1
8.1
19() 4
9f, ']
286.8
37 0
249. 8
18 8
985
36
°49
19
283.2
33 4
249.8
20 0
9
6
3
3
PEKSONAL INCOME. BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil of dol
Wage and salary disbursements, total
do
Commodity-producing industries
do
D istributi ve industries
do
Service industries
do
Government _ . - . . .
do
Wage and salary receipts, total
do
O ther la bor 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 rionagricultural income
do
283 6
196.2
88.8
50.9
23.2
33.3
192.4
5.1
50.7
21.9
13 7
282 7
196. (i
88.8
51.0
23.4
33 4
192 8
5. 1
49 4
22.0
13 6
?84 7
198.0
89. 3
51.7
23. 5
33 5
194 2
51
50 0
22. 1
13 5
986 3
199.5
89.8
52.2
23.9
33 6
195 6
5. 1
50 1
22.3
13 5
287 5
201.2
90 6
52.9
24.2
33 5
197 3
51
49 5
22.4
13 5
°87 0
201.0
90.2
52.9
24.1
33 8
197 1
51
48 9
22. 5
n6
286 3
199.9
89.3
52.7
24.1
33 8
196 0
5 1
49 0
22.7
13 6
287 2
199.3
88 7
52.7
24.2
33 7
195 6
51
49 5
22.8
14 5
28^ 9
198. 3
87 7
52. 9
24.1
33 6
194 5
5 1
50 0
22." 7
13 8
284 6
196.3
86 4
52. 2
24. 2
33 5
199 5
51
50 3
22.7
143
983 7
195.7
85 4
52.6
24.1
33 6
191 2
5 1
50 0
23.0
14 7
4.0
4.0
4.0
4.2
4.2
4. 1
4.0
4.0
4.0
4.1
4.8
265,4
265, 5
267. 2
268.8
270. 6
270. 7
270. 0
270. 5
269. 0
267.2
266. 4
r 283
194.7
84. 9
' 52. 2
24.1
T 33 5
r
190 2
5 1
r 50 0
r
r
23. 0
lr> 0
•>^2 8
193. (i
83 9
52. 0
24.3
33 4
189 1
5°
49 9
23.1
15 7
4.8
4.7
266. 0
265. 5
NEW PLANT A N D EQUIPMENT
EXPENDITURES
6,339
mil. of dol..
7,289
7, 098
i 6, 808
7, 666
2,945
* 2, 893
3, 392
Mining
do
225
234
265
i 262
°88
i
Railroads
.. ...
do
i 29^
313
300
359
341
337
Transportation, other than rail
do
366
i 358
386
376
9
Public utilities ._
__
.
do
925
1,219
1,158
1 1 026
1 46
Commercial and other
do
1, 792
1,979
1.984
2, 023
U.975
r
l
Revised.
Estimates based on anticipated capital expenditures.
concludes inventory valuation adjustment
9Government sales are not deducted.
§Personal saving: is excess of disposable income over personal consumption exneiiditures shown
as a component of gross national product above.
^Revisions for 1952 and estimates for 1954 (based on anticipated capital expenditures of business) appear on p, 10 of the March 1954 SURVEY.
All industries, quarterly totaU
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Mnv 1054
1954
1953
March
April
May
June
July
August
September
October
November
December
February
January
3,443
3,439
1,865
1, 574
334
858
366
2,986
2,974
1,550
1,424
336
739
331
2,649
2,631
1,218
1,413
330
790
272
1,942
1,928
664
1,264
297
680
267
* 2, 016
v 1, 992
P 548
f 1, 444
v 342
*>805
P278
March
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS!
Cash receipts from farming, including Government
payments, total
mil. ofdol..
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total
__
do
Dairy products
do
Meat animals
_
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100
Crops
do
Livestock and products
do_ __
Indexes of volume of farm marketings, unadjusted:
All commodities
.1935-39=100-.
Crops
do
Livestock and products
do
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume]
Unadjusted combined indexf
1947-49= 100. .
Manufactures
Durable manufactures
Primary metals
Steel
Primary nonferrous metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
do
do
do
do
do
do
do _ _
do
do
do
Transportation equipment
Autos
Trucks
A ircraft and parts
Instruments and related products
Furniture and fixtures
Lumber and products
Stone, clay, and glass products
Glass and pottery products
Miscellaneous manufactures
Apparel and allied products
Leather and products
Paper and allied products
Pulp and paper
Printing and publishing
Chemicals and allied products
Industrial chemicals
Petroleum and coal products...
Petroleum refining
Rubber products
Minerals
Coal
.
___
Crude oil and natural gas
Metal mining
Stone and earth minerals
Adjusted, combined indexf .
.
Transportation equipment
Instruments and related products
Furniture and
fixtures.
Lumber and products
Stone, clay, and glass products
Miscellaneous manufactures
316
239
373
299
202
371
126
85
157
124
76
160
2,461
2,453
1,060
1,393
3,169
3,164
1,718
1,446
402
714
295
2,404
2,390
996
1,394
386
682
302
364
695
320
334
768
330
3,700
3,693
2,169
1,524
336
812
355
298
181
385
321
243
379
361
352
367
370
375
367
477
607
381
557
767
401
519
659
414
449
548
375
397
430
372
291
235
333
P300
v 194
*380
124
71
164
137
94
169
153
148
157
156
154
158
192
231
164
226
289
179
203
227
186
178
198
162
160
169
154
122
99
139
P127
*125
138
136
136
136
129
136
135
136
130
124
124
'126
140
160
143
150
146
139
159
141
146
147
138
157
142
148
143
138
155
138
143
144
130
147
124
137
143
137
153
130
138
141
136
151
127
134
147
138
154
129
136
147
132
146
122
129
146
125
140
110
114
145
'126
'128
' 141
••113
175
138
173
139
170
139
168
139
161
135
166
140
164
137
167
137
155
126
155
"•124
172
154
167
150
163
148
159
146
158
130
148
138
157
137
158
137
161
138
154
135
'155
'123
' 147
206
199
192
184
168
197
200
205
191
172
172
' 172
' 103
'489
'147
' 107
'116
' 126
'121
'133
149
137
199
198
194
193
190
189
182
189
173
174
161
144
461
170
142
452
162
124
452
166
106
452
161
118
461
153
127
473
134
115
480
151
106
481
107
95
463
107
98
483
140
••113
115
145
146
133
114
147
134
P81
M62
pl27
pl40
pl09
*106
pl53
P121
P146
pl32
^173
*>180
*142
*103
P484
v 141
p ]0fi
v 1 17
p 128
157
123
155
121
156
118
157
117
151
113
153
116
155
115
156
116
122
132
128
140
126
134
126
140
122
135
125
139
122
136
123
140
112
132
113
133
122
137
123
143
121
136
122
144
123
139
128
148
114
134
122
145
99
128
116
138
do
do
do
do__ _
do
do
do
do
do
do
121
99
99
117
100
99
100
113
113
117
118
99
98
111
98
105
102
104
109
111
119
102
101
103
100
110
102
107
112
115
121
108
105
105
103
119
107
110
111
114
113
112
110
98
102
121
107
94
93
95
121
118
118
102
101
118
108
117
107
110
122
124
127
111
102
113
108
111
102
105
122
120
121
123
110
99
102
125
97
84
80
92
87
90
111
'97
101
126
95
82
'78
'98
91
97
'114
116
118
116
100
101
118
111
114
135
99
99
100
111
96
102
do
do
do
do
do
do
do _
do
do
do
120
110
136
132
123
149
154
127
132
143
107
104
136
134
123
150
159
127
131
140
110
102
132
131
122
148
159
129
132
137
117
97
134
133
120
146
161
131
136
131
102
91
120
117
114
141
157
132
137
114
115
103
135
133
116
143
157
135
138
122
106
94
135
130
122
145
151
133
136
122
107
97
140
138
126
151
151
131
135
127
100
89
135
133
126
150
149
131
137
120
98
87
119
117
122
146
147
128
137
111
'105
'111
'102
'133
f 110
'116
118
147
' 145
'125
'150
'148
'126
' 114
'114
v 121
P 149
p 147
*121
p 131
v 116
do
do,_ _
do _ _
do
do
111
74
132
88
115
74
133
119
118
81
131
139
120
81
134
142
117
69
135
138
122
85
135
140
122
84
136
139
118
84
131
122
113
76
131
95
111
71
133
74
'110
p 110
116
123
125
130
130
133
131
132
126
122
135
136
137
136
137
136
133
132
129
126
do
do
do
do
do
do
do
_do -
137
155
136
138
155
136
139
156
139
138
154
137
139
157
136
138
157
137
' 135
152
130
134
151
128
131
146
122
127
142
113
168
137
169
138
169
139
168
139
171
142
171
140
166
135
166
134
159
130
156
126
163
147
195
164
147
195
162
146
194
161
144
194
164
145
200
165
145
203
161
141
200
159
141
193
152
136
184
146
133
172
do
do
do
do
do
do
190
155
121
190
153
124
192
156
123
188
157
122
196
156
121
191
156
119
186
155
114
180
155
109
182
154
106
121
135
120
134
119
135
114
134
119
135
116
135
114
134
189
154
113
117
133
115
132
110
129
138
141
143
145
143
146
140
140
138
136
. do
Manufactures
Durable manufactures __ _
Primary metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery.. _ _.
Nonelectrical machinery
Electrical machinery
2,009
1, 975
513
1,462
407
708
318
2,156
2,130
690
1,440
742
305
2,020
1,983
572
1,411
365
721
306
183
135
••103
483
'148
106
••103
122
'115
'128
do
do
do
do
do
do
do
do
do
do
Nondurable manufactures
Food and beverage manufactures
Food manufactures
Meat products _ _
Bakery products
Beverages
_ __
Alcoholic beverages
Tobacco manufactures
Textile-mill products
Cotton and synthetic fabrics
2,119
2,094
677
1,417
357
10.1
156
114
155
112
'94
M36
128
134
111
74
'181
138
'96
98
112
'97
'89
'86
96
'95
'100
136
P 121
p 131
p 111
?98
p98
* 115
p 95
*99
*99
p 94
p 100
i»100
* 135
68
*61
'135
' 75
' 113
p 138
p 76
»114
125
'124
p ]23
'127
'141
'111
' 155
' 126
'126
'139
'109
'151
'123
' 141
'163
p 124
•P 135
p 104
v 147
p 120
p 139
p 126
*16'
178
'147
103
* 120
' 130
'132
p
v
p
p
p
p
'134
r 74
'108
143
r
130
'169
'185
' 148
105
115
' 125
'130
130
171
139
104
116
131
129
112
119
121
' 113
117
121
119
'113
115
117
123
121
*113
Nondurable manufactures
do
108
103
109
' 106
'105
108
108
p 107
108
109
106
107
108
Food and beverage manufactures...
do
104
98
112
104
106
103
103
'100
108
107
108
116
Tobacco manufactures
do
90
104
'90
p91
'91
95
98
100
108
113
111
108
109
Textile-mill products
_ _
do
101
'104
104
109
p 103
'100
101
107
114
116
117
115
112
Apparel and allied products
do
'94
104
'94 |
91
93
91
97
104
99
P 93
93
103
108
Leather and products
do
r
Revised.
» Preliminary.
t Revisions for 1951 and 1952, incorporating more complete data, appear on p. 24 of the April 1954 SURVEY.
fRevised series. The index has been improved in this revision by (1) incorporation of a number of new series; (2) revision of weights, seasonal adjustment factors, and working-day allowances; (3) adoption of a more recent comparison base period; (4) use of improved industrial classifications, and (5) development of an independent set of annual indexes from the more comprehensive data available at yearly intervals. For a detailed description of the revision and monthly and annual data beginning 1947, see the December 1953 issue of the FEDERAL RESEEVE
BULLETIN.
SUKVEY OF CURRENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-3
1954
1953
March
April
May
June
July
August
September
October
November
December
125
January
February
March
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index of Physical Volume 9— Con.
Adjusted— Continued
Manufactures — Continued
Nondurable manufactures— Continued
Paper and allied products - _ _ _ 194749 =100
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber products
do
133
120
145
128
138
134
120
148
131
137
134
121
151
131
139
134
121
150
131
130
134
121
152
132
130
133
121
148
132
127
135
121
147
131
121
132
123
146
129
120
132
121
145
129
118
115
74
132
116
126
115
75
133
118
124
117
85
131
118
122
119
86
134
117
125
120
87
135
116
125
119
86
135
117
124
118
81
136
117
123
114
76
131
108
124
r HI
M a n u f a c t u r i n g a n d t r a d e s a l e s (adjusted) totalf
mil. of dol _
Manufacturing total f
do
Durable-goods industries
-- -do
Nondurable-goods industries
do
Wholesale trade total t
do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade total
do _
Durable-goods stores
do
Nondurable-goods stores
do - «
49, 671
25,763
13,116
12, 647
9,471
3,164
6,307
14, 437
5,211
9,225
50, 186
26, 358
13, 398
12, 960
9,548
3,204
6,344
14, 280
5,124
9,156
49 395
25 816
13 148
12 668
9 155
3 103
6 052
14 424
5,154
9 270
50 003
25 882
13, 166
12, 716
9,709
3,160
6,549
14, 412
5,103
9,309
50 398
26 366
13, 410
12 956
9,563
3 153
6,410
14 469
5 102
9 367
48, 138
25. 067
12', 730
12, 337
8,998
3,092
5,906
14, 073
4,914
9,159
48 652
25 379
12 698
12 681
9 291
3 051
6' 240
13 982
4 865
9 117
48 284
25 010
12 376
12 634
9 234
2' 982
6* 252
14 040
5 029
9' OH
47 518
24 256
11 867
12' 389
9* 158
2 994
6 164
14? 104
5 005
9 099
Manufacturing and trade inventories, book value, end
o^ month (adjusted) totalf
mil. of dol
Manufacturing tot alt
d^o.
Durable-goods industries
- _ - -do
Nondurable-goods industries
do
Wholesale trade total t
do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade total t
do
Durable-goods stores
do
Nondurable-goods stores
do
78, 266
44, 797
25, 019
19, 778
11, 488
5,976
5, 512
21, 981
10, 303
11,678
78, 996
45, 164
25, 328
19, 836
11, 445
5,951
5,494
22, 387
10, 543
11,844
79 678
45 673
25 681
19 992
11 550
5 999
5' 551
22 455
10 526
11 929
80, 167
46 160
26, 048
20 112
11, 713
6 007
5,706
22 294
10, 472
11 822
81
46
26
20
11
6
5
22
10
12
116
485
392
093
888
223
665
743
730
013
81, 586
46 888
26, 788
20 100
11, 923
6 259
5,664
22 775
10, 624
12 151
82 000
47 087
26 958
20 199
11 989
6 245
5 744
22 924
10 921
12 003
81 805
47 044
26 987
20 057
12' 041
6 278
5 763
22' 720
10 727
11 993
81 276
46 909
26 975
19 *934
11 930
6 127
5 803
22* 437
10 574
11 863
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales 't
Value (unadjusted) total
mil of dol
Durable-goods industries
do
Nondurable-goods industries
.- do _
26 758
13 812
12, 946
26 296
13, 703
12, 593
25 468
13' 178
12 290
26 058
13 586
12 472
24 700
12 317
12 383
25 276
12' 484
12' 792
26 163
12' 917
13 246
26 845
13 223
13 622
90 7QO
Value (adjusted), total
_- do
Durable-goods industries, total
do
Primary metal
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 productsdo _ _
Professional and scientific instruments .do
Other industries, including ordnance-. .do
25. 763
13,116
2,226
1 256
1,389
2 174
2 356
939
363
767
632
379
635
26, 358
13, 398
2,275
1 351
1,387
2 227
2,431
997
367
763
585
392
623
25 816
13' 148
2 211
1 257
1,437
2 156
2 350
998
369
772
586
404
608
25 882
13 166
2 222
1 311
1,486
2 164
2 190
1,006
365
767
627
395
633
26 366
13 410
2 335
1 309
1,462
2 125
2 381
1,032
334
815
611
416
590
25 067
12 730
2 154
1 190
1,438
2 099
2 210
1,031
380
776
582
326
544
25 379
12 698
2 084
1 219
1,536
2 1 63
2 023
1,008
370
726
607
355
607
25 010
12 376
1 985
1 139
1,391
2 039
2 095
1,140
364
715
575
353
580
24 256
11* 867
1 874
1 1 PIA
1,324
9 fififi
1 918
925
334
723
583
402
566
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
12, 647
3,660
595
330
1,160
871
278
711
800
1,704
2,065
473
12, 960
3,826
563
318
1,231
912
281
739
794
1,734
2,118
444
12 668
3 631
565
305
1 283
943
256
724
819
1,672
2,048
422
12 716
3 594
551
310
1,181
843
286
741
809
1,697
2,268
436
12 956
3 796
'570
301
1 181
869
328
766
740
1,720
2,237
448
12 337
3 645
617
314
1,098
891
264
735
676
1, 608
2,081
409
12 681
3 836
662
315
1 031
854
266
752
707
1,640
2 202
416
12 634
3 890
666
304
1 038
910
243
738
745
1,643
2 062
395
12 389
45, 158
25, 298
19, 860
45, 362
25, 608
19. 754
45 884
26, 093
19 791
46 334
26, 339
19 995
46 436
26, 463
19 973
46 489
26, 564
19 925
46 646
26, 612
20 034
46 529
26, 598
19 931
40 coo
15 957
T 13 692
r
16 235
r 16 096
r 13 762
r 16 476
r 16 241
r 16 244
r 13 645
r
16 402
r Ifi °.77
r 16 600
r 16 670
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
do
do
do _
do
do
r
»131
J>118
j>145
j»123
113
'129
119
r
!45
r
126
r
110
r H3
r H3
70
T 134
r 104
r 135
v 113
v 62
v 138
126
120
144
1 on
r 124
1 98
r
fl I 0
70
131
103
125
fiQ
1 °.°.
101
68
vll2
' 104
125
r H9
BUSINESS SALES AND INVENTORIES!
Inventories, end of month :f
Book value (unadjusted), total _
do
Durable-goods industries
do___
Nondurable-goods industries ._
__do.
By stages of fabrication: t
Purchased materials
__ ._ . . _. do
Goods in process
do
Finished u'oods _ do
'r 16, 049
13, 545
f 15, 564
r
r
r
15, 838
13 712
15, 812
T
r 13 698
r 16 497
16 425
r 13 551
r
n
f.na
9 1 P;I
6
-1 A f)
4
AOA
•JO QOO
81 H79
n
R8Q
5
78Q
00
r
r
46, 450
23 902
11, 580
r
12 322
8,926
2 859
6,067
13 622
4,436
9 186
r go 688
r 46 382
26 526
r 19 856
r 11 785
5
r5
22
10
11
(?(?-<
in Rfs
r
1,076
1,349
r 46 714
r 23 620
r 11 278
12
r9
r2
r6
r 13
r4
T9
23 902
11 580
1 609
1 1 7A
1,328
80 390
^6 115
26 168
19 947
r 11 854
423
572
13 062
94 04^
1,269
1,368
ni
4in
ttt
942
917
'659
690
'348
'636
336
533
' 3, 681
3,839
01 -I
r 19 °.99
•OOQ
1 006
' 291
QQ9
' 8°i^
r
oe/7
ocQ
825
1,601
1,569
' 1, 590
°.AQ
r °.4S
r Q£1
26, 697
26, 598
r
r 1 7 AA«
19 9°.^
r 9°. R9A
r 1 1 978
635
26, 549
19 983
036
698
863
835
774
800
974
564
487
077
r 1 9 00,9
o' 771
251
709
778
1,606
2 113
346
-1 A QRQ
r 5' 841
r 6 013
1 Q^Q
731
22 421
10 584
11 837
r
r
r
47 010
24 045
11 410
12' 635
9 152
2 870
Q 282
13 813
4 770
9 042
80
45
25
19
11
5
5
22
10
12
r
r
2 101
1,005
325
659
517
364
537
947
342
122
894
228
972
745
228
r
866
919
521
688
833
r 23 062
IQ' 87Q
r 12 192
11 499
12' 293
r 1 "%' QM
r 1 fi 77fi
47 90Q
13, 512
1,685
r
46, 355
' 26, 235
45, 876
26, 002
r
r
r
15, 292
13, 401
15, 783
13, 285
17, 287
Book value (adjusted), total
.do
45, 164
44,797
45, 673
46, 160
46, 485
46, 888
47, 087
47, 044
46, 909
46, 722
' 46, 382 ' 46, 115
45, 698
Durable-goods industries, total
do
25, 019
25, 328
26, 048
25, 681
26, 392
26, 788
26. 958
26, 987
26, 975
26, 752
26, 526
' r26, 168
25, 863
Primary metal
do
3,157
3 242
3 308
3 318
3 382
3 456
3 513
3 cr>7
3,
388
3,
344
3,381
Fabricated metal products
do
r
2,473
2,580
2,607
2,717
2,815
2,914
2, 962
3,038
3,145
3,
131
3,012
2,
948
2,885
Electrical machinery and equipment ... do
r
3,157
3,219
3,266
3,305
3,366
3,424
3,425
3,484
3,489
3,440
3,342
3,
326
3,243
5
7
0
?
Machinery, except electrical
do
r
T ACK
5,532
5 525
5 524
5 555
5 628
5 690
5 667
5,
512
5, 405
Motor vehicles and equipment _ _
_.do
3,170
3,229
3,348
3,435
3,420
3,476
3,498
3,445
3,377
3,396
3,482
' 3, 380
3,300
Transportation equipment, n. e. S---__.do
2.632
2,642
2,651
2,707
2,728
2,720
2,751
2,702
2,700
2,769
2,784
'
2,
732
2,771
Furniture and
fixtures
do
662
641
660
697
681
681
674
679
670
642
661
666
659
Lumber products, except furniture
do____
r
1,045
1, 031
1,041
1,049
1,068
1,096
1,123
1,121
1,090
1, 033
1,022
1,015
1,018
Stone, clay, and glass products
do___I
858
867
881
879
883
875
884
901
878
890
907
899
'917
r
846
Professional and scientific instruments _do
851
857
853
866
875
878
881
882
882
895
883
867
Other industries, including ordnance -__do
1,487
1,501
1,538
1, 539
1, 549
1, 581
1,564
1,583
1,521
1,497
1,482
' I, 445
1,435
r
Revised.
* Preliminary.
9 See note marked "t" 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 nonfarrn. Unadjusted
data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S-9, and 8-10.
t Revised series. Data have been adjusted to more recent benchmarks; all revisions prior to 1953 are available upon renuest (most of the data published in the 1953 issue of BUSINESS
STATISTICS are now obsolete).
t Unpublished revisions (for December 1949-February 1953) will be shown in a forthcoming issue of the SUBVEY.
SURVEY OF CURRENT BUSINESS
S-4
May 1954
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
March
May
April
June
July
August
September
October
November
December
January
February
March
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES.
AND ORDERS—Continued
Inventories, end of monthf—Continued
Book value (adjusted), total—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 product?
do—
Printing and publishing
do—
Chemicals and allied products
do—
Petroleum and coal products
do—
Rubber products
do—
19, 778
3,570
1,247
1,798
2,616
1,806
533
1.052
748
2,931
2.597
880
19, 836
3, 522
1,232
1,817
2,614
1,834
550
1,051
743
2.975
2, 624
874
19,992
3, 493
1,212
1,818
2,631
1,890
578
1,060
745
3,007
2.670
888
20,112
3,489
1,222
1,811
2.693
1.906
584
1,048
750
3, 065
2,630
914
20, 093
3,433
1,242
1,804
2,666
1,866
568
1.030
755
3,108
2,696
925
20.100
3.411
1,186
1,839
2,646
1,876
562
1,024
773
3,142
2.744
897
20,129
3,445
1,139
1,834
2,612
1, 907
574
1,038
772
3.169
2.731
908
20, 057
3,468
1,142
1,811
2,614
1,862
New orders, nct:f
Unadjusted, total
Durable-goods industries
Nondurable-goods industries.
26, 349
13, 404
12, 945
25, 479
12, 959
12,520
24, 564
12.176
12,388
25, 654
12. 985
12. 669
23, 832
11, 588
12, 244
22, 672
10.133
12, 539
Adjusted, total
do. _ . .
Durable-goods industries, total
- .do—
Primary metal
-. do—
Fabricated metal products
_
do—
Electrical machinery and equipment.._do—
Machinery, except electrical
do—
Transportation equipment, including motor
vehicles and parts.'
mil. of dol..
Other industries, including ordnance...do
Nondurable-goods industries, total
.do—
Industries with unfilled orders 9
do
Industries without unfilled orders^
do—
25, 096
12, 520
2, 201
1,196
1,268
2, 006
25, 682
12, 702
2,093
l'697
2,184
25. 883
13,101
2,167
1,210
1,480
2,042
25,152
12,392
2,390
1,012
1, 303
2, 084
24, 525
11.600
1. 957
1,073
1, 582
1, 752
2, 955
2, 894
12, 576
2, 879
9, 697
2, 776
2, 821
12,980
3.064
9,916
3, 545
2,657
12, 782
3.196
9, 586
2,875
2,728
12,760
3, 061
9, 699
Unfilled orders, end of month (unadj.), totalf-do—
Durable-goods industries, total
do—
Primary metal-.
do—
Fabricated metal products
do—
Electrical machinery and equipment
do—
Machinery, except electrical
do
Transportation equipment, including motor
vehicles and parts
mil. of dol_.
Other industries, including ordnance
do
Nondurable-goods industries, total 9
- -do
75, 713
72, 442
7, 436
6,235
12,025
10, 509
74, 896
71, 698
7, 230
6,218
12, 266
10,389
73, 992
70, 696
7, 020
6.100
12, 251
10,140
29,775
6, 462
3, 271
29,037
6,558 !
3, 198 !
28,823
6,362
3,296
.do.
..do.
..do.
19,970
3,525
1,155
1,812
2,513
1,901
582
1,044
752
3, 093
2, 725
868
r
577
1,044
768
3,140
2.750
881
19, 934
3, 511
1,129
1,789
2,543
1,845
570
1,050
776
3,107
2,747
867
23, 235
10.090
13,145
23,282
9,830
13,452
20,955
8,930
12,025
21,448
9.347
12,101
' 20, 882 ' 21, 526
< 8, 687 f ' 9,495
r
12,195
12,031
22. 339
10,139
1, 751
1,214
1,134
1,676
22, 661
10,110
1, 635
1,041
1,082
1,843
22,163
9,677
1, 500
843
1,039
1,798
21, 594
9,631
1,666
1,089
886
1,800
22,026
9,567
1, 450
1,045
949
1, 613
' 20. 749'22,016
8, 475
'
9, 629
r
1.205
I.r 278
932
746
' 1,264
987
' 1,599
1,378
2, 347
2,889
12, 925
2, 983
9. 942
1,882
2,482
12,200
2, 636
9. 564
2,114
2, 395
12, 551
2, 626
9. 925
2,127
2,370
12,486
2,617
9,869
2,084
2,106
11,963
2,318
9. 645
2,289
2 221
12! 459
2, 691
9. 708
2, 198
1,961
' 12,274
2,631
' 9,643
•• 2. 255
' 2, 301
' 12, 387
' 2, 862
r
9, 525
73, 588
70,095
6,977
5,790
12, 286
9,928
72, 720
69,366
6, 910
5,728
12, 520
9, 793
70,116
67, 015
6, 562
5, 609
12. 204
9,512
67,188
64.188
6,103
5,517
11,718
9,118
63,626
60,796
5,640
5,052
11,279
8, 785
60,789
58, 227
5, 355
4,798
10,687
8, 545
58, 308
55, 959
5, 108
4, 643
10.317
8,156
56,128
53, 776
4,729
4, 435
10, 059
7,770
' 54, 684
' 52, 303
r 4. 448
•• 4, 201
<• 9, 962
' 7, 435
28, 803
6,311
3. 493
27, 767
6, 648
3. 354
26, 559
6,569
3, 101
25, 658
6,074
3,000
24,338
5, 702
2,830
23,726
5,116
2, .562
23,044
4.691
2, 349
22,322
4.461
2, 352
r
19,856
3,524
1,162
1,842
2,464
1.872
581
1,034
769
3, 067
2,697
'844
' 19, 947
' 3, 589
' 1,161
' 1,840
' 2, 455
' 1,863
'573
' 1, 048
'762
'3,080
' 2, 719
'857
21,740 !
'4,517 i
'2,381 I
BUSINESS POPULATION
OPERATING BUSINESSES A N D BUSINESS
TURNOVER
Contract construction
IVf inuf'icturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
- do
4, 205. 7
432.3
326.6
741.9
1, 859. 2
285. 0
560. 7
-
do
do
do
do
do
do
do
199. 3
40.4
16.0
29.6
77.4
11.9
24.0
Discontinued businesses semiannual total t do
Contract construction
do
do
do
do
do. _.
172. 4
25 8
16 3
26.7
71.1
9 8
22.7
do
206. 0
Now businesses semiannual t o t a l f
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
\11 other
Service industries
Retail trade
Wholesale trade
All other
-
Business transfers semiannual total f
BUSINESS INCORPORATION Srf1
New incorporations (48 States)
number
j
9, 659
9,507
8,968
x 926
8,703
7,487
7,433
8 267
7 269
8,915
9 543
8 533
10,514
739
63
85
154
361
76
693
48
86
140
344
75
697
66
70
143
344
74
817
74
99
145
419
80
724
43
64
164
380
73
700
49
92
148
340
71
686
31
89
145
336
85
840
75
89
188
404
84
815
66
97
175
389
88
X13
64
89
193
382
85
867
60
86
192
450
79
926
74
109
207
449
87
1 102
' 87
143
198
551
123
31, 082
1,387
27, 520
1, 765
3, 748
10, 585
8,497
2, 925
32, 789
3, 536
2,511
13, 981
6,909
5, 852
32, 379
1,759
3,200
11, 179
12, 464
3, 777
39, 830
1,210
2, 789
17, 139
11,282
7,410
28 529
1,077
3, 868
10, 267
10, 275
3,042
33,817
1,286
4,451
13, 676
9,790
4,614
37 076
3.848
4, 366
14, 956
9,671
4, 235
36 795
2 687
4, 621
13 568
11,083
4,836
43 754
1 871
4, 154
23 731
9, 757
4,241
99 5Qo
3 134
3, 166
11 431
8 (523
3, 238
INDUSTRIAL AND COMMERCIAL
FAILURES^
Failures total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
_
..
.
number
do. .
do
_do
do
do
thous. of dol
do
...do
do
do
do
3, 506
12, 213
10, 423
3, 553
r
Revised.
v Preliminary,
turnover will be published on a semh
semiannual data
for
operating busin
c
SURVEY.
Corrected.
9Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
JFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cf Data are from Dun & Bradstreet, Inc.
47 774
4* 341
4* 082
23 043 '
11 770
4.538 !
57 280
3* 506
7 255
15 359
26 043
5,117
SURVEY OF CURRENT BUSINESS
May 1!)54
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-5
1953
March
April
May
June
July
1954
August
September
October
November
Decem
ber
January
Febru-
ary
March
COMMODITY PRICES
1
j
PRICES RECEIVED AND PAID BY FARMERS
264
252
247
215
424
268
209
267
291
259
246
244
213
424
267
207
2.33
289
263
247
242
212
426
269
206
259
286
257
246
222
204
425
267
219
298
280
260
237
218
204
426
270
193
262
268
255
232
215
205
430
278
185
207
263
257
235
219
207
452
280
204
191
251
249
229
223
184
439
975
189
198
255
249
234
2°9
195
433
269
205
218
263
254
938
230
205
427
260
237
224
274
301
276
217
270
299
263
219
277
317
256
218
267
300
255
213
280
319
261
223
°76
305
265
229
276
299
275
230
266
273
282
234
263
267
288
224
265
269
261
••263
269
257
264
270
257
260
271
248
261
271
250
262
273
249
259
270
247
258
270
246
282
280
280
277
279
279
277
-do ---
94
92
94
93
93
91
All commodities (U. S. Department of Commerce
index)
-- -.1935-39=100.-
208.2
207.9
208.2
209 7
210. 1
210 1
Consumer price index (U.S. Department of Labor) :
All items
1947-49=100
Apparel
do
Food
do .Dairy products
_
do
Fruits and vegetables...
-do
Meats poultry, and fish _. . .. do
113.6
104.7
111.7
110. 3
115. 5
107. 4
113.7
104.6
111.5
109.0
115.0
106.8
114.0
104.7
112.1
107.8
115.2
109.2
114. 5
104 6
113.7
107.5
121.7
111,3
114. 7
104 4
113 8
108.3
118.2
112.0
115 0
104 3
114 1
109 1
112.7
114 1
116.8
106. 5
108. 0
121.7
119.5
112.4
107.7
129.3
117.5
117.0
106. 5
107.8
122.1
120.2
112. 5
107.9
129.4
117.9
117.1
106.6
107.6
123. 0
120.7
112.8
108.0
129.4
118.0
117 4
106. 4
108 0
123.3
121 1
112.6
107 8
129.4
118.2
117 8
106.4
108 1
123 8
121 5
112.6
107 4
129.7
118.3
Prices received, all farm products!
1910-14=100.Crops
do ,.
Food grains
-_
do
Feed Drains and hay
do
Tobacco
_do_
Cotton
--do
Fruit
..do
Commercial vegetables, fresh market
do. . _
Oil-bearing crops
do
Livestock *ind products
Meat animals
Dairv products
Poultry and ecgs
do
do
- -. do
do
Prices paid:
\llcommoditiesandservices _do
Family living items
do
Production items
-do__ .
All commodities and services, interest, taxes, and
wigeratest
1910-14=100. .
Parity ratio 9 1
2(}q
259
240
233
207
4°0
254
229
271
9
68
258
237
236
208
443
258
210
233
260
256
°30
23S
208
443
263
212
246
275
209
285
282
218
277
309
274
213
277
315
267
208
271
3 Hi
257
188
269
270
248
260
27o
250
203
271
254
264
271
255
264
272
255
276
277
278
<?
82
282
283
93
90
90
9]
92
91
00
'>1Q 3
210 0
208 9
200 1
20*) 5
208 9
208 3
115 2
105 3
115 4
105 5
113 6
110 1
107. 7
1111
115 o
(
105 5
112 0
110 5
107.4
107 0
1 14 )
105 3
112 3
110 3
109.2
107 8
] 15 2
104 9
113 1
109 7
110.8
1102
115 0
104 7
112 6
109 0
108. 0
100 7
i 1 14 H
104 3
112 1
108 0
107. 8
109 5
118 0
106 9
107 4
125 1
121 8
112 7
107 6
130 6
118.4
1184
106 9
108 1
126 0
122 6
112 9
107 8
130 7
118.5
118 7
107 0
108 1
126 8
122 8
113 2
108 6
130 7
119.7
118 9
107 3
108 3
127 3
123 3
113 4
108 9
130 1
120.2
118 9
107 2
108 1
127 6
123 6
113 6
108 9
128 9
120.3
1 1H 8
107 1
107 2
118 9
107 5
107 2
127 9
124 1
113 9
108 0
129 4
120.2
119 0
107 6
107 ^
128 0
124 4
114 1
108 2
129 0
120.1
RETAIL PRICES
Housing
Gas and electricity
House furnishings
Rent
Medical care
Personal care
Reading and recreation
Transportation
Other goods and services
-
- do
__do
do
do
do
do
do
do
-.do
113 8
109 6
106.6
113 5
r>7 8
123 7
113 7
108 7
130 5
120.3
WHOLESALE PRICESd"
U . S . Department of Labor indexes:
All commodities
1947-49=100
110.0
109.4
109.8
109 5
110 9
110 6
111 0
110 2
109 8
110 1
110 9
110 5
i in fi
Farm products
_.do
Fruits and vegetables, fresh arid dried do
Grains
do
Livestock and live poultry
do
99.8
105.8
94.7
91.7
97.3
106.9
93.8
87.5
97.8
105.4
93.4
91.7
95.4
109.9
84 2
86.8
97 9
94.7
85 4
95.9
96 4
98.0
86 5
88 1
98 1
96.0
88 3
90 6
95 3
94.2
87 9
82 0
93 7
94.2
89 3
78 4
94 4
89.8
90 o
83 0
97 g
91.2
91 3
91 8
r 97 7
89.7
91 6
01 3
08 5
89. 6
93 0
02 4
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
104.1
108.9
109.7
103.2
109.2
108.5
104.3
109.0
107.9
103 3
107.9
107.7
105 5
108 5
110.0
104 8
108 4
110.7
106 6
110 8
111.3
104 7
112 0
112.7
103 8
112 6
113.9
104 3
112 f)
111.3
106 2
1124
109.4
104 8
112 7
107.4
105 3
112 6
106.2
105.1
91.2
104.4
89.2
104.0
93.8
103.7
91.6
105. 0
97.0
104.7
93 6
104.7
97 4
104.9
88 9
104.7
86 2
103. 9
80 7
103.8
96 4
' 103.0
92 9
103. 0
02 H
Commodities other than farm products and
foods
1947-49=100
Chemicals and allied products - _ .
do ...
Chemicals, industrial
do
Drugs, Pharmaceuticals, cosmetics ..do
Fats and oils, inedible
do
Fertilizer materials
do
Prepared paint © . ..- do
113.4
104.2
113.9
91.6
59.0
112.8
110 5
113.2
105.5
117.0
93.0
55.9
113.2
110.5
113.6
105.5
118.0
93.1
49.9
112. 9
110.8
113.9
105.6
119.2
93.1
46.6
110. 6
110.8
114 8
106.2
120.2
93.6
46.7
114 7
106 7
120.0
93.5
51 1
113 0
111 0
114 6
106 7
119.5
93.5
53 3
112 9
112 1
114 5
107 2
119.2
93.5
58 0
112 9
112 7
1140
107 1
118.6
93.8
.58 6
113 9
112 7
1 14 6
107 2
118.4
93.9
61 2
114 0
112 8
114 4
113 8
110.7
114 9
106 3
120.2
93. 5
46 9
113 8
110 7
114 3
107 4
117.9
93.9
60 5
Fuel, power, and lighting materials
do
Coal
do
Electricity
do
Gas
.
do
Petroleum and products
do
Furniture and other household durables
1947-49 = 100Appliances, household
do
Furniture, household
..do
Radios
_.
do
Television sets
.
do
108.4
114.4
100.7
109.5
109.0
107.4
111.2
98.0
109.5
109.3
107.1
110.8
97 4
108.2
109 4
108.3
111.2
98 5
108.2
111 1
111.1
111 8
98 5
106 1
116 8
111.0
111 7
qg i
105 7
116 5
110.9
112 3
98 0
106 0
116 5
111.2
112 5
98 5
106 6
116 6
111.2
112 5
99 6
106 3
116 3
111.1
112 5
100 7
109 6
114 0
110.8
1119
100 7
111 8
1142
r
f
113.1
107.9
113.6
95.5
74.9
113.9
108.0
113.8
94.9
74.9
114.1
108.1
114.0
94.9
74.9
114.3
108.1
114.1
95.4
75.0
114.7
108. 8
113.8
95.0
74 3
114.8
108.9
113.8
95 0
74 o
114.9
109.1
114. 2
94 8
74 2
114. 8
109.0
114.2
94 8
74 2
114.9
109.0
114.1
94 3
74 2
115.0
109. 1
114.1
94 3
74 0
115.2
109.6
J14.2
96 1
73 5
Hideo, skins, and leather products
Footwear
Hides and skins .
Leather
Lumber and wood products.Lumber _.
_
98.1
112.1
64.8
93.5
121.7
120.9 i
97.9
111 5
66.4
92 7
122.2
121.5
100.4
111 5
74.8
97 3
121.8
121.0
101.0
111.7
76.3
98 0
121.5
120.7
100. 0
111 7
73.4
96 1
121. 1
] 20. 2
99.9
111 8
74 6
95 0
120.4
119 3
99. 7
111 8
74 2
94 6
119.2
118 3
97.1
111 7
64 4
90 4
118.1
117 2
97.1
111 8
64 3
90 4
117.3
116 3
95. 1)
1118
95.3
111 9
56 8
88* 1
117.0
115 0
do
do
do
do
do
do
88 7
117.4
116 4
r 107 5
' 118. 4
'93.9 '
63 5 ]
114 0
112 8 i
112 8
110. 5
110 9
109. 0
10" 9r
113 5
113 5 '
1 13 5
111 5
115.1
109.7
T13. 9
06 1
r
73 8 >
115. 1
109. 6
113.9
95 7
73 8
r 101 3
T
r
r
94. 9
111 9
55*4
87 4
116.8 |
115 5 !
101 4
94. 6
111 9
55 5
86 3
116.6
115 6
r
Machinery and motive products
do
121.8
123.4
122.4
122.9
122.0
124.4
123. 7
124.1
124.2
124.0
124. 5 !
124. 3
124. (>
Agricultural machinery and equip.... do
122.2
122. 7
122.3
122.6
122.4
122.5
122.3
122.4
122.3
' 123.0 j
122.7
122.5
123.0
Construction machinery and equip. _do
127.1
130.8
129.4
128.6
129.1
130.9
131.2
131.1
130.5
131.0
131.1
131. 5
'131.5 !
Electrical machinery and equipment-do
119.9
124.8
121.3
124.2
126.8
126.2
122.6
1 2(1. 8
126.8
125.6
126.5
126.6
126. 8
Motor vehicles
do
120.0
118.5
118.6
118.6
118.9
118.9
118.6
118.6
118.9
118 9
118.6
118.5
118.6
r
Revised.
i Index on base previously used (1935-39=100) is 191.9.
§ Revised beginning 1910 to incorporate revisions in the component price series and to reflect changes in the basic weights; revised annual data for 1910-53 for prices received appear on p.23
of the April 1954 SURVEY. April 1954 indexes: All farm products, 257, crops, 240; food grains, 234; feed grains and hay, 208; tobacco, 443; cotton, 267; fruit, 217; commercial vegetables, 225;
oil-bearing crops, 283; livestock and products, 271; meat animals, 333; dairy products, 237; poultry and eggs, 178.
^Revisions for 1937-53 for prices paid and 1910-53 for parity ratio appear
on p. 24 of the April 1954 SURVEY.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
d*For actual wholesale prices of individual commodities, see respective commodities.
© Wholesale price index for paint and paint materials, published in issues of the SURVEY prior to March 1954, has been discontinued.
SUEVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1934
19 53
March
April
May
June
July
1954
August
September
October
November
December
January
F
^™- ! March
COMMODITY PRICES—Continued
WHOLESALE PRICES^—Continued
U. S. Department of Labor indexes:— Con.
Commodities other than farm prod., etc. — Con.
Metals and metal products
1947-49=100..
Heating equipment
do
Iron and ^teel
do
Nonferrous metals
- do.___
Nonmetallic minerals structural
do
Clay products
- do
Concrete products
do
Gypsum products
do
Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel
Apparel
Cotton products
- Silk products
Synthetic textiles
Wool products
125. 5
113.9
127.7
131. 5
115. 1
124.3
112.8
118.3
125.0
113. 8
127.7
128.2
1 16. 9
124.6
114.2
122.1
125.7
114.4
128.9
126. 6
117.2
124.7
115.5
122.1
126.9
114.6
130. 9
127.6
118. 1
125.1
115.5
122.1
129.3
115. 1
135 7
126.4
119 4
131. 1
115 6
122. 1
129. 4
115.6
136 2
124.5
119 6
131.4
116 1
122. 1
128.5
115 8
134 6
122.8
120 7
132.0
117 4
122.1
127.9
115 8
133 4
122 1
120 7
132 0
117 4
122 1
127.9
115.8
133 6
122.3
120 8
132.1
117 4
122.1
127.5
115 5
132 8
122 1
120 8
132 1
117 2
122 1
127.2
115 3
132 0
121 5
120 9
131 9
117 2
122 1
do
do
do
do
do
do
do
do
--- do
do
115. 1
124.9
125.7
126.3
97.5
99.6
93.1
141.4
87.9
111.9
115. 3
124.9
124.8
126.3
97.4
99.9
92.9
131. 6
88.0
111.3
115.4
124.9
125. 4
126.3
97.6
99.9
93 3
133.0
87.4
112.0
115.8
124.7
125.0
126. 3
97.4
99.4
93.4
134.7
87.5
111.6
115.8
125. 1
124.6
126.4
97.5
99.3
94.1
134. 7
87.5
111.7
116.2
125 9
123. 5
125 1
97.5
99 3
94.1
134 7
86.7
111 8
116.9
126 5
124.0
126 4
96.9
98 5
93.7
134 7
86.7
111 2
117.5
126 6
124.2
130 1
96.5
98 7
92.4
135 8
85.9
111 6
117.3
126 8
124.3
130 1
96.2
98 7
91.6
136 5
85.2
111 5
117.1
126 8
124 8
130 1
95 8
97 9
90 9
139 3
85 5
112 1
117.0
126 8
124.8
130 3
96.1
99 1
90 4
142 1
85 4
111 0
do
do
do
114.8
110.0
124.0
114.8
110.0
124.0
114.8
110.0
124.0
114.9
110.0
124.0
115.6
110 0
124.0
115.6
110 0
124.0
116.2
111 2
124.0
118 1
114 9
124 0
118.1
114 9
124 0
118 1
114 9
124 0
90.9
88.0
89.5
91.4
88.0
89.7
91.1
87.7
89.2
91.3
87.3
88.0
90.2
87 2
87.9
90.4
87 0
87.6
90.1
86 8
87.9
90 7
86 7
88 0
91 1
87 0
89 3
Tobacco mfrs and bottled beverages
Beverages alcoholic
Cigarettes
126.2
114 8
131 0
119 8
121 0
131 9
117 6
122 1
126.3
114 4
130 6
121 3
121 0
132 0
117 4
122 1
117.1
126 8
124 6
130 3
r
95.3
'98 8
'88 8
85 4
109 0
116.6
126 8
124 9
130 3
95 1
98 7
88 5
135 1
84 9
109 3
118 2
115 0
124 0
118 0
114 6
124 0
118 0
114 6
124 0
90 8
87 0
89 0
90 2
86 8
88 4
90 5
87 0
88 8
T
r 135 g
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
Consumer prices
Retail food prices
1947-49=100..
do
do
_
1
90 4
i 87 1
89 2
1
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
mil. of dol
2,527
2,758
2,947
3,209
3,282
3 317
3 295
3 211
2 988
2 661
2 428
2 317
2 555
Private total
do
Residential (nonfarm)
do
New dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility total
mil. of dol
Industrial
do
Commercial
do
Farm construction
__
do
Public utility
do
1,729
863
770
74
1,872
964
850
94
1,991
1,012
885
105
2,160
1 123
990
110
2,194
1 126
990
112
2,202
1 113
980
110
2 177
1 088
960
103
2 129
1 066
940
101
2 052
1 024
905
94
1 908
952
850
78
1 717
830
740
67
1 638
766
680
64
1 780
870
775
73
430
198
114
108
320
427
192
114
120
352
449
190
128
138
380
477
184
152
148
399
490
176
166
155
410
493
174
169
158
427
507
177
176
144
428
511
177
179
119
423
523
177
192
100
396
505
176
182
88
354
486
179
164
87
307
476
177
158
89
300
469
173
154
96
338
798
47
359
111
140
65
76
886
49
370
113
200
72
82
956
50
371
115
260
75
85
1,049
50
380
120
330
80
89
1,088
46
373
119
375
79
96
1,115
44
371
119
405
75
101
1 118
46
376
116
400
72
108
1 082
46
372
105
390
68
101
936
42
355
101
280
63
95
753
39
336
92
145
56
85
711
35
341
76
125
51
83
679
34
339
62
115
45
84
775
34
371
64
160
53
93
New construction total
Public, total
__
Residential
Nonresidential building _
Military and naval
Highway
Conservation and development
Other types
__
do
do
do__
do. ._
do _.
do
do _
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
50, 484
55, 435
52, 544
40, 069
53, 304
35, 777
42, 586
50, 049
38, 361
41, 379
Total projects
_ _
number
46, 564
55, 659
40, 787
Total valuation
_
thous. of dol 1, 347, 518 1, 741, 542 1, 606, 091 1, 115, 509 1, 793, 342 1, 414, 408 1, 741, 673 1, 892, 388 1, 394, 050 1,299 764 1, 151. 987 1, 221, 260 1, 527 517
416, 577
672, 838
372, 004
610, 348
553, 760
363 087
Public ownership
do
724, 682
478 814
435 799
532, 064
689 264
484 191
483 160
930, 941 1, 068, 704 1, 052, 331
743, 505 1, 182, 994
Private ownership
do
882 344 1 016 991 1 203 124 910 890
820 950
788 900
785 461 1 043' 326
Nonresidential buildings:
Projects
_
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
Valuation __
Utilities:
Proiects
_
_.
Valuation...
_._
.number
thous. of sq. ft._
thous of dol
4,760
35, 566
449, 175
5,416
44. 455
680, 330
5,728
45, 640
582, 061
5,020
35, 185
459, 230
6, 209
57, 374
764, 393
5,267
40, 292
545 851
4,675
38, 407
783 266
5 316
52, 435
758 130
4 199
40, 368
611 857
3 804
36, 450
540 338
3 661
33, 937
473 077
3 871
32, 259
468 712
4 936
41, 561
532 060
.number
thous. of sq. f t _ _
thous. of dol..
44, 115
65, 393
605, 200
47, 761
70, 602
673, 887
44, 317
66, 655
637, 721
32, 745
49, 797
463, 084
44, 227
70, 206
653, 407
38, 554
53, 242
507, 560
35, 712
52, 470
507, 430
42, 610
65, 908
634, 582
35 668
50, 247
484, 168
30, 492
46, 614
433, 500
33 442
48, 156
462, 482
35, 621
52, 706
508, 773
48 718
69, 631
667, 737
number
thous. of dol.
1,247
219, 157
1,849
293, 569
2,094
288, 783
1,874
138, 257
2,336
269, 600
2,335
304, 917
1,796
269, 625
1,693
270, 064
1 177
239, 827
1 153
226, 634
951
134, 304
1,007
191, 855
1 623
209, 986
number
..thous. of dol._
362
73, 986
409
93, 756
405
97, 526
430
54, 938
532
105, 942
408
56, 080
403
181,352
430
229, 612
335
58, 198
328
99, 292
307
82, 124
288
51, 920
382
117, 734
Value of contract awards (F. R. indexes):
Total, unadjusted
1947-49=100..
Residential, unadjusted _
do
Total, adjusted
_
_ do_.
Residential, adjusted
-.do
180
186
177
176
205
210
179
179
195
194
161
164
197
192
169
174
189
178
172
175
216
183
205
1S4
221
181
218
180
220
178
230
183
201
170
2?4
176
168
151
208
177
161
154
195
185
794,315 1, 510, 921
766, 320
Engineering construction:
Contract awards (ENR)§
thous. of dol.. r 1,133,978 '1,460,244 1, 083, 795 1, 318, 070 1, 262, 992 1,111,213 1,116,572 1, 469, 252
Highway concrete pavement contract awards:©
7, 006
Total
thous. of sq. yd__
9, 537
8, 333
7,810
5, 698
8,658
6,094
7, 187
Airports
_
.
do
1. 652
1,675
413
278
973
1 056
822
1 102
Roads
do_.
3,215
4,590
5,237
3, 315
3,798
4, 232
4 066
3 691
2.682
3.273
Streets and alleys
do
2.140
2.105
2.956
1. 582
3.453
2.019
r
J
Revised.
Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.3; consumer prices, 52.1;
awarded in prior months but not reported.
cf For actual wholesale prices of individual commodities, see respective commodities.
^Revisions for 1950-July 1952 will be shown later.
§Data for April, July, October, and December 1953 are for 5 weeks: other months, 4 weeks.
©Data for April, July, and September 1953 and March 1954 are for 5 weeks; other months, 4 weeks.
2
3,258
6,605
148
100
2
1 774
4 336
2 2.' 121
1.384
retail food, 44.2.
4,726
1 748
l' 852
1 . 1 25
2
r
111
r IgQ
r
1Q6
'201
' 196
r 213
f
193
'202
766, 601
933, 637
4,036
1 299
1 007
6,075
1 078
2 347
•L729
2 649
Data include some contracts
S-7
SUEVEY OF CURRENT BUSINESS
May 1954
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
January
February
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 dwellin g units, total t
number _ Privately financed, totalj
- do
Units mi-family structures!
do
Units in 2-family structures!
__ do
Units in multifamily structures!
do
Publicly financed, total
_ - do
Indexes of urban building authorized:
Number of new dwellin g units
1947-49 = 100_ Valuation of building total
- do
New residential buildincr
do
New nonrosidential building
do
Additions, alterations, and repairs
do
105, 800
111, 400
108, 300
104, 600
96, 700
93,200
95, 100
90, 100
81, 500
r
65, 800
1
66, 000
73, 000
38, 916
37, 784
29, 705
1,882
6, 197
1, 132
54, 769
53, 595
43, 349
2,488
7, 758
1,174
'84.2
115.1
113.7
'122.3
r
103. 9
119.5
159.5
165 4
163 3
128. 5
r
97, 000
65, 421
56, 153
44, 648
3. 360
8.145
9,268
60, 196
57, 222
46, 074
3,524
7,624
2,974
55, 199
52, 742
42, 478
3,296
6,968
2,457
54, 064
51, 732
41, 362
2, 635
7, 735
2, 332
47, 267
46, 697
37, 015
2,906
6,776
570
45, 621
44, 539
35, 689
2,254
6, 596
1,082
46,149
42, 900
33. 626
2.399
6 875
3, 249
43, 381
43, 143
34, 536
2 676
5 931
238
35, 707
34, 150
27, 807
2,098
4,245
1,557
32, 753
31, 987
24, 156
2,028
5,803
766
33, 669
'31,855
r
23, 185
T
1, 489
r
7, 181
1,814
143. 0
170. 1
193.6
148. 5
131.6
133.7
183.4
181.4
200.9
151.2
120.7
164.4
164.4
172.5
145.9
118.0
160. 0
160.3
159 8
159.5
103.3
159.7
144.9
184.5
158.0
99.6
144.9
141.0
154 4
137.9
100.9
144.7
143 3
144 7
149.6
94.8
141 8
133 8
156 6
138.0
78.5
121.5
109 7
145 8
109.7
71.7
109.9
96 2
137 7
97.4
73.6
108.4
95 2
132 2
93.1
120.8
383
120.8
121.1
122.1
385
123.1
123.1
123.1
392
122.8
122.9
123.0
392
122.4
121.8
121.8
393
569
614
579
525
561
399
572
614
587
525
564
401
572
616
592
524
568
402
573
616
592
526
568
411
580
639
601
526
574
411
583
639
601
526
574
416
583
639
601
521
574
417
584
640
604
524
572
418
585
641
609
525
576
418
585
641
609
525
576
584
641
623
522
576
585
641
624
522
576
586
641
624
529
579
418
422
420
420
247.3
245.9
254.3
247.7
246.2
254.6
249.2
247.4
255.5
251.3
249.6
257.1
254.2
252.2
259.0
254. 9
253. 0
258.7
255.8
253 5
258 3
255. 6
253 2
257 3
256.0
253 7
257 4
256. 3
253 8
257 1
254.9
254.3
254.0
251 9
255 2
250 9
253 7
250 7
253 7
252.6
249.2
250.8
256.6
233.1
253.2
249.5
251.3
256.6
233.3
255.2
251.0
252.3
257.4
234.2
257.5
254.7
254.0
259.2
239.1
260.5
257.4
255.8
261.2
241.2
261.0
257.8
256.0
260.0
241.6
262
258
256
259
242
261
258
255
257
242
9
6
2
6
5
262 2
258 9
255 3
257 8
242 8
262 5
259' 1
255 1
257 2
243 0
261
257
2 p /3
254
241
260
257
259
252
241
260
257
252
252
241
254.8
251.2
255.1
251.4
256.0
252.0
257.4
253. 5
259.4
255 4
259.0
254.6
258 8
254 1
257 8
252 9
257 9
253 0
257 7
252 6
255 7
250 5
254 *>
248 3
254 2
248 Q
126.1
130.3
126.1
130.2
126.1
131.1
128.7
133.5
129.2
135 2
129.0
134 9
129 0
135 0
129 0
135 1
128 9
135 0
129 2
135 5
129 4
135 7
129 3
135 5
129 5
135 8
r
r
CONSTRUCTION COST INDEXES
Department of Commerce composite! 1947-49=100-A bertha w (industrial building)
1914=100 American Appraisal Co., The:
Average, 30 cities
1913 = 100.Atlanta
do
New York
do
San Francisco
do
St Louis
do
Associated General Contractors (all types). -do
E. H. Boeekh and Associates:§
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete. _U. S. avg. 1926-29=100..
Brick and steel
do
Brick and wood
- - do
Commercial and factory buildings:
Prick <jnd concrete
- do
Brick and steel
__do
Brick and wood
- do
Frame
__ _ _ - do_ _
Steel
do
Residences:
Brick
_
do_ _.
Frame
do
Engineering News- Record :d"
Building
1947-49=100
Construction
- do
Bu. of Public Roads— Highway construction:
Composite standard mile
- 1946=100--
139.4
133.2
0
7
0
0
3
133 9
4
9
5
7
9
4
3
5
5
3
2
2
5
7
2
127 7
131 8
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
- do
161. 5
170.9
172.2
173.2
167.3
158.1
176.1
164.6
174.0
163.5
177 5
156 8
178 6
166 1
185 7
167 6
r 160 I
r 161 6
r 147 i
r 166 4
138 0
161 6
P 143 4
•p 173 g
REAL ESTATE
Home mortgages insured or guaranteed by—
187, 078
201, 159
185, 610
Fed. Hous. Adni.: Face amount
thous. of dol__ 193, 370
193, 071
203, 130
193, 538
185, 545
172, 353
154, 255
173, 057
183, 443
235, 113
227, 910
215, 950
241, 928
Vet. Adrn.: Face amount
__
do
229 347
247 905
268 144
309 429
291 656
284 905
247 561
252 433
Federal Home Loan Banks, outstanding advances
611
644
626
718
to member institutions
__ _ mil. ofdol
700
746
819
801
952
865
751
677
New mortgage loans of all savings and loan associacon OKQ
COO COQ
639,
133 677, 941
690, 277
733, 216
tions, estimated total
thous ofdol
706 631
757 569
688 142
684 245
494 859
585 915
By purpose of loan:
205, 584
225, 896
231, 676
Home construction
do
241, 284
236 513
217 925
218 785
208 137
190 304
151 935
187 422
176 074
oro f A - t
339 956
288, 443
266, 289
295, 337
327 046
Homo purchase
do
355 316
318 359
328 453
265 424
217 119
62, 308
60, 425
58, 627
Refinancing
do
59, 961
51 969
58 476
52 094
50 671
45 705
48 3^4
47 548
54 959
26, 062
25, 121
27 438
27, 643
Repairs and reconditioning
do
27 043
27 307
1 Q fi79
1 n QQ9
27 059
27 204
19 454
79, 831
76, 994
77, 115
All other purposes
_ _
_
do
77, 618
69 343
80 221
69 780
71 845
65 028
69 479
62 265
69 166
New nonfarm mortgages recorded ($20,000 and
under), estimated total
__ thous. ofdol 1, 626, 602 1, 708, 623 1, 698, 634 1, 769, 259 1, 797, 760 1 709 392 1 728 508 1 745 841 1 548 645 1 622 326 1 372 242 1 425 193
14.0
13.2
13.0
12.8
Nonfarm foreclosures, adjusted index ,1935-39 = 100—
14.8
14.2
14.2
13.6
13.1
14.7
67, 362
83, 471
64, 239
Fire losses
thous. of dol__
67, 644
74, 938
107, 713
68, 613
68, 551
68, 064
83, 440
86, 493
78, 928
161, 872
225 681
630
71 n i °.o
04 K
6A
p.f\A
QQ7
X4 01 c
1 7^
K1Q
84, 821
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:!
Combined index
1947-49 = 100
Business papers
_ _ do Ma,gazines
__do
Newspapers
do _
Outdoor
_
do
Radio (network)
do
Television (network) 9
1950-52=100-.
157
162
133
160
138
69
169
158
161
135
154
135
69
172
161
162
136
158
138
66
181
162
161
139
157
134
68
187
167
159
133
160
142
77
226
155
164
121
156
136
73
187
164
164
132
167
136
71
185
166
162
140
162
140
66
206
167
183
137
160
145
67
211
1fi9
168
165
164
1^
1 A9
1 or
69
216
1 qo
fi4
225
224
234
Tide advertising index, unadjusted. ._ 1947-49 =100..
164.9
171. 6
174.6
158.6
126.6
124.8
161.8
188.8
183.3
146.4
130.3
146.7
172.8
r
J
Revised.
v Preliminary.
Data for April 1954, 110,000.
.v l?evi,snc?s^for dwellin£ ^its authorized for January-July 1952 will be shown later. Minor revisions back to 1915 for the Department of Commerce construction cost index are shown in
the May 1953 Construction and Building Materials Statistical Supplement.
§ Copyrighted data; see last paragraph of headnote, p. S-l.
c?Data reported at the beginning of each month are shown here for the previous month.
_ t Revised series. Data reflect the adoption of a more recent comparison base (except for television) and adjustments of the radio and television components to cover only the network portion of these media. Revisions prior to January 1953 will be shown later. Indexes for January and February 1953 are as follows: Combined index, 138:137- business papers 158' 161- magazines
124; 120; newspapers, 149; 147; outdoor, 132; 128; radio, 66; 65; television, 152; 146.
'
'
9 Notice that the base for television differs from that of other media.
SURVEY OF CURRENT BUSINESS
S-8
May 1054
19 53
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
March
April
May
June
July
1954
August
September
October
November
December
January
February
March
DOMESTIC TRADE—Continued
AD VERTI SING—Con tin ued
Radio advertising:
Cost of facilities, total
thous. of dol. _
\utomotive incl accessories
do _ _
Drugs and toiletries
do
Electrical household equipment
do - _
Financial and insurance
do
Foods soft drinks confectionery
do .
Gasoline and oil
do
Soap, cleansers, etc
do.
S moking materials
do
\llothers
do
Magazine advertising:}
Cost total
\pparelandaccessories
Automotive incl accessories
do
do
do
Drugs and toiletries
Foods, soft drinks, confectionery.Jjppf wine liquors
do
do
do
Household equipment and supplies
Household furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
\ 11 other
Linaere total
..
Newspaper ad vertising:
Linage total (52 cities)
Classified
Displav total
\utomotive
Financial
General
- -Retail
.
do
do - do
do
do
do
thous. of lines. .
-
-
do
do
-do
do
do
do
do
14, 662
521
4,403
349
234
3, 558
454
1,324
1,463
2, 357
14, 218
508
4,268
385
223
3,607
402
1, 331
1, 415
2,079
14, 107
511
4.288
377
236
3, 550
372
1, 238
1,420
2,116
13.247
557
4.129
433
238
3,047
386
1,372
1, 370
1, 715
12.226
607
3. 684
435
226
2. 985
412
1 . 335
992
1,550
11.707
679
3. 363
366
290
2. 690
396
1 , 304
876
1,742
12.145
739
3. 466 j
408
291 i
2,666 I
345 '
1,368
929
1 . 933
13. 829
979
3. 901
310
287
3, 101
338
1,429
1,271
2,214 !
13. 667
1.034
3. 658
249
222
2,988
461
1.399
1.331
2. 324
14. 185
890
3. 935
284
25."
3. 250
539
1 . 482
1 . 353
'.', 185
65, 636
5,861
6, 190
3. 330
7,022
9, 672
2. 646
65, 525
4,593
6,135
3, 832
6,425
8,230
2, 625
67, 606
5, 536
6,400
4, 340
6. 572
7,831
2, 630
57, 876
3, 771
5, 894
3,498
7, 150
8,016
2,452
37. 505
932
4. 265
1,832
5, 744
6,179
1,809
42, 740
4.300
4,977
1.881
5,429
6. 056
1,402
60, 152
7, 110
4,484
3. 428
6,419
7, 433
2, 062
72, 670
5,856
5,770
3,604
7,915
10, 010
3, 126
69, 846
5, 071
5. 405
2, 1 93
7. 555
9.599
3, 888
•17,531
3. 725
2,617
1 . 094
5, 109
7, 035
4, 105
3S, 847
1,971
4, 657
1,741
4,920
0, 400
1.287
52, 302
3, 274
4, 726
2,351
0, 422
9, 073
2, 037
64, 830
5, 013
6, 237
3, 516
0, 825
9, 905
2, 490
4, 665
2. 547
3, 576
1, 707
1, 446
' 16, 973
5, 614
4,178
4,079
1,711
1,260
16, 844
5,561
3, 791
3, 996
1,940
1, 700
17,308
4, 570
2.087
3, 891
1, 615
1,677
13, 252
2,117
647
2.607
1,073
1,191
9,109
1,592
1, 501
2, 986
1 , 165
1,379
10.071
3, 788
3, 077
3. 678
1 . 300
1,581
15,793
4, 985
4,596
4,640
1,661
1,754
18,753
3,874
3.826
4, 999
1, 446
1,603
20. 380
2, 975
1, 904
3. 277
618
1. 702
13,310
854
1,169
2.638
896
1,211
11,102
2,398
1,709
3,190
1, 137
1,431
14, 553
4,217
2, 742
3, 818
1,5^4
1, 94:-i
16,530
4,991
4,699
4,445
3,360
3,205
4, 130
4. 965
5, 230
4, 406
3, 161
3, 655
4, 131
4,754
231, 721
58, 456
173, 264
10, 877
3, 017
33, 812
125, 559
233, 487
58, 194
175, 292
12, 535
2,910
35, 090
124, 758
244, 446
62, 385
182, 061
13, 493
2,549
36, 191
129, 828
215, 965
56, 330
159, 635
13, 550
2.691
31,171
112,223
187,997
53, 368
134.629
11,581
3, 074
24, 531
95. 442
198,647
56, 553
142, 095
11,417
2,021
23, 034
105, 623
219, 558
54, 175
165, 383
11,910
2,515
31,684
119,275
244, 370
55, 833
188, 537
14, 312
2,776
39, 186
132,263
241, 346
50, 718
190,629
12, 579
2.789
37, 773
137, 488
224, 299
43. 297
181,001
10,048
2. 897
27, 608
140. 449
182, 932
46, 054
136, 878
10, 192
4,071
22, 626
99, 989
180, 732
44, 499
136, 233
9,240
2, 457
26, 573
97,963
216,155
50, 024
166. 131
11,336
3,099
34,084
117,611
7,928
150, 315
6, 946
128, 270
6,385
117,261
6,657
126.017
'
6,299
119,269
5.856
117.247
6, 281
122.917
6,556
119. 218
5, 995
113,791
0. 609
125. 106
6,112
116, 272
r
^ 1 2, 212
' 13 293
772
779
' 3. 691
' 3, 374
253
251
'238
235
r
3.015
2,800
641
510
r
1 . 289
1.280
' 1,183
1.068
' 2, 213 r 1.913
13, 907
1,060
3, 694
278
254
3, 141
1 , 459
1,161
2,283
POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
Value
thousands
thous. of dol--
PER SON A L CON SUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
A t
hilp^'ind nirts
Furniture and household equipment
• ' • s i
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Services total
Household operation
227.7
230 4
231.0
230. 0
229.8
d
do
do
30. 2
13.4
12.4
4.4
30.7
14 3
12.1
4 4
30. 4
13.8
12.3
4.3
9(J 1
12 Q
11 9
4.3
28. 2
12.1
11.9
4.2
d o
do
do
do
do
do
121.2
20.9
74.2
6.2
2.0
5.2
12.8
122. 1
20.9
74 5
6.3
2.1
5.4
13.0
121.3
19.9
74.5
6.5
2.2
5.2
12.9
120 4
19 8
73 8
6 7
•) ]
5.1
)•> q
120.4
19.7
74.0
6.8
2.0
5.0
12.8
do
do
76.3
11 3
25 3
4.3
4.4
6 2
24.8
77 6
11.5
25.8
4 3
4.4
63
25.4
79.2
11.8
26.4
4.3
4.5
6.4
25, 8
HO 5
11.9
•>7 ()
4.4
4.6
6 4
20. 3
81.3
11.8
27.3
4.4
4.6
6.4
26.6
Personal services
do
T nnsnortatirm
Other services
do
do
- -
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total- -mil. of dol..
Durable-goods stores
do
Automotive group
- -do
Motor-vehicle, other automotive dealers
mil. of dol Tire, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, homefurnishings stores .. do
Household-appliance, radio stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers, do.Hardware stores
do
13, 956
4,969
2,848
14, 167
5,139
2,919
14, 065
5,400
3,093
14, 578
5,480
3,033
14, 385
5,378
3,068
14,176
5, 189
2,838
14, 082
5, 003
2, 737
14, 951
5,319
2,926
13, 955
4,742
2. 531
16, 444
4.944
2, 279
12,339
3, 861
2, 124
2,705
143
676
391
285
2,764
155
676
397
280
2, 929
163
752
455
297
2.862
171
796
453
343
2,910
158
741
411
330
2,690
148
785
435
350
2,594
143
724
389
334
2,770
156
830
475
355
2, 388
143
813
465
348
2, 099
180
1,000
535
465
2.014
110
670
364
'307
' 2, 142
"112
'652
'362
••290
"2,555
127
690
398
292
788
588
200
868
649
219
897
662
234
965
733
232
961
725
236
964
736
228
943
712
231
968
711
266
862
623
239
861
564
297
462
165
'654
'482
'172
738
542
196
8, 987
699
133
276
161
129
390
1,188
9. 080
840
156
324
192
167
377
1,147
y,632
902
177
361
205
158
394
1,134
9, 213
866
196
340
194
137
384
1,051
11,500
1 . 364
352
524
291
196
516
1,096
S, 478
678
160
271
132
115
407
988
8,986
9,027
9,097
9,007
9,264
Nondurable-goods stores
do _ .
708
866
873
893
888
Apparel group _ .
-do
184
149
184
198
188
Men's and boys' wear stores- do
342
362
277
368
375
Women's apparel, accessory stores
do
151
173
172
190
170
Family and other apparel stores
do
131
149
161
155
150
Shoe stores
do__
392
383
396
397
381
Drug and proprietary stores
do
1,024
1,181
1,085
1,055
1,093
Eating and drinking places.-do
r
Revised.
*> Preliminary.
t Unpublished revisions for magazine advertising for January 1952-February 1953 will be shown later.
' 12, 065 v 13,451
' 4, 070 v 4, 679
' 2, 254 * 2, 682
' 7, 996
'604
'134
'250
'116
'103
'394
'962
8,772
' 715
152
297
143
124
401
1,004
SURVEY OF CURRENT BUSINESS
May 1054
I'filtNss otherwise stated, statistics through !
1952 arid descriptive notes are shown in the |
1953 Statistical Supplement to the Survey j March
S-9
19 53
April
May
June
July
1954
August
^blT
Octct r
\ T ovember
*
Decem- January
ber
February
March
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted)— Continued
Nondurable-goods stores— Continued
Food group
.
mil. of dol
Grocery stores
do
Gasoline service stations
do
3,301
2,667
810
3,395
2,742
826
3. 485
2, 858
888
3.377
3,478
2,781
916
2, 897
971
3, 425
2, 858
960
3, 350
2. 783
908
3. 567
2 997
914
3, 291
2 740
898
3,618
3 018
914
3 357
2 837
855
r
3 112
T 9 607
General-merchandise group
Department stores, excl. mail-order^,
Mail-order (catalog snles)
Variety stores
Other general-merchandise stores
Liquor stores
1.466
810
115
232
309
242
1,479
1. 536
879
98
235
324
261
1 . 542
855
104
241
343
247
1 , 346
708
87
233
318
268
1 , 460
774
100
242
344
269
1.551
844
110
240
357
275
1,714
934
112
264
403
298
1, 753
963
140
257
394
294
2 748
1,477
181
526
564
462
1 167
624
75
176
292
°69
r
14,437
5, 211
2. 802
14. 280
5. 124
2, 856
14.424
14,412
14,469
14,073
5,154
2. 871
5. 103
2, 81 6
5,102
4.914
2 629
13. 982
4, 865
2 667
14 040
5. 029
2 859
14,104
5,005
13 932
4 626
2 509
13 6'>2
4 43 ft.
9 285
r 13 972
r 4 745
2,836
502
v 2 651
2.628
174
768
442
326
2, 695
161
744
424
320
2,712
159
778
448
330
2. 663
153
786
441
344
2,694
2,490
139
771
416
355
2,718
141
746
429
317
2,630
142
768
426
342
2, MO
137
712
380
332
147
754
432
322
2, 365
144
738
418
320
2,148
137
784
443
341
' 2, 349
" 2. 508
143
758
433
326
915
681
234
861
652
209
852
634
218
848
633
215
872
637
235
900
671
229
880
657
223
856
618
238
893
657
236
820
597
223
827
599
228
9, 225
916
209
9,270
9,309
915
204
375
189
147
919
195
382
193
149
9, 367
900
196
357
196
152
9, 159
812
168
320
193
131
9. 117
796
168
310
175
144
9, 01 1
768
155
299
169
146
9.099
787
167
314
163
143
9 306
868
188
354
167
158
9 186
845
187
339
163
156
r q 228
355
204
148
9, 156
865
199
348
185
132
397
1,101
3, 376
2, 741
845
405
1, 082
3, 407
2. 773
855
404
1, 086
3.367
2. 759
854
402
1,086
3, 394
2. 785
868
393
1. 115
3,434
2.860
874
391
1, 100
3,413
2 834
880
387
I, 077
3, 4<i4
2 843
H77
383
1 070
3 400
2 842
897
394
1 , 054
3, 375
2, 838
910
408
1 064
3 4° 2
2 890
933
430
1 066
3 378
2 857
936
T 415
1 099
r 3 395
1.582
870
118
254
340
263
1, 526
835
107
254
329
271
1. 628
902
118
265
343
268
1.634
898
116
264
357
275
1,636
874
119
286
356
283
1,595
868
109
264
353
279
1.548
S32
103
262
352
285
1 . 528
840
96
249
343
274
1,571
857
106
252
356
278
1 629
870
118
260
381
308
1 505
823
96
236
349
316
r i 528
'822
100
r 250
' 357
22, 649
10, 698
11.951
23, 161
11, 228
11,933
22. 760
11,028
11,732
22. 141
10, 737
11.404
22, 112
10, 706
1 1 , 406
22 448
10, 547
11 901
23 023
10 615
P 40K
23 584
10, 589
12 995
23, 628
10. 459
13 169
21 208
9 876
11 332
21 369
10 233
11 1°6
H
21,981
10, 303
3. 431
2, 020
2, 529
22, 387
10, 543
3, 569
2,048
2,567
22, 455
10, 526
3,528
2, 070
2, 572
22. 294
10. 472
3, 573
1,980
2, 574
22, 743
10, 730
3. 810
1,981
2, 555
22 775
10 624
3 737
1,987
2, 531
22 924
10 921
3 937
2. 038
2. 520
22 720
10 727
3 875
2,028
2, 424
22, 437
10 574
3,768
1,994
2,419
22 661
10 668
3 748
2 039
2, 495
22 521
22 421
99 ^Pi4;
o oftc
0 OAO
1 994
2,351
9 Qi3
11,678
11,844
11.822
12,013
2, 528
2, 258
3, 851
2. 628
2.214
3.923
12 003
2 573
2 324
3 842
11
2
2
3
863
527
289
823
1 1 993
2 521
2 344
3* 858
n
1 9 O77
2, 506
2, 235
3, 824
151
593
352
897
11,993
2,317
3, 851
12
9
2
3
oo7
2, 500
2, 224
3, 770
11,929
2,487
2,485
2,546
2,604
2,576
2,460
188
19
74
56
60
54
28
180
17
70
60
60
56
24
180
17
72
58
62
58
30
178
17
68
62
62
59
26
142
11
59
49
63
61
24
2 501
138
10
59
46
62
59
9
7
2 524
171
13
65
W
«)
60
25
2 760
188
18
73
57
64
59
30
2 587
176
20
69
48
60
53
32
3 4*57
684
302
718
338
747
376
750
362
652
306
705
325
726
'335
798
372
S()l
3 r)2
103
172
999
54
49
104
183
1,013
62
54
102
177
1,050
63
56
108
184
1,015
68
60
92
172
1, 038
67
57
107
182
1 035
68
*55
107
183
1 014
71
47
121
202
1 132
70
53
121
199
1 001
58
49
2, 591
171
18
64
55
61
53
31
2,579
2,586
171
17
69
51
63
56
26
177
18
70
57
64
57
30
2, 618
174
17
69
56
64
59
26
2, 635
' 184
18
73
61
64
60
26
2. 572
169
16
69
55
63
57
26 |
2, 562
16^
15
63
5^
63
59
2. 532
168
15
65
54
63
57
27
2, 569
173
2, 620
68
20
75
f>'j
55
30
23
General-merchandise group.
do
769
745
795
778
Department stores
...do.'.'.".
357
343
377
356
Dry-goods, other general-merchandise
stores
.mil. of dol_.
114
112
112
108
Variety stores.
_
do.
189
190
200
201
Grocery stores
_._
do
1,004
1 018
992
1 030
Lumber, building-materials dealers
do
69
64
60
61
Tire, battery, accessory stores.
do
57
58
54
54
r
Revised.
» Preliminary.
fRevised series. See corre spondingrlote on p. I 3-3.
782
359
735
328
716
317
698
317
723
321
760
318
109
198
1 044
62
50
105
199
1 066
56
47
103
190
109
130
do
do
do
do
do
do
Estimated sales (adjusted), total
do
Durable-goods stores
do
Automotive group
.
do
Motor-vehicle, other automotive
dealers
mil. of dol. _
Tire, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
Lumber, building, hardware group . ..do
Lumber, building-materials dealers., do
Hardware stores
._
do
Nondurable-goods stores ..-. do
Apparel group
.
do
Men's and bovs' wear stores
do
Women's apparel, accessory stores, do-..
Family and other apparel stores
do
Shoe stores
.. . do _
Drug and proprietary stores
Eating and drinking places
Food group ,
Grocery stores
Gasoline service station?
...
- do...
do
do _
do
do
General-merchandise group
do
Department stores, excl. mail -order. _do
Mail-order (catalog sales) .. do.,_.
Variety stores
do
Other general-merchandise stores
do
Liquor stores
.
do.
Estimated inventories:!
Unadjusted, total
..
Durable-goods stores
Nondurable-goods stores
_
do
do
do
Adjusted, total
do.
Durable-goods stores
do
Automotive group
do.
Furniture and appliance group.
do
Lumber, building, hardware group. ..do
Nondurable-goods stores
Apparel group
_.
.
Food group
General-merchandise group .
Firms with 11 or more stores:
Estimated sales (unadjusted), total
.
Apparel group
Men's and boys' wear stores . .
Women's apparel, accessory stores
Shoe stores
_ _
Drug arid proprietary stores .
Eating and drinking places
...
Furniture, homefurnishings stores.,
do
do
do
do
do
do
do
do-_
do
do
do
do
General-merchandise group .
do
Department stores
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores ......
mil. of dol. .
Variety stores
do
Grocery stores
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores
do
Estimated sales (adjusted) , total
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores " _
Drug and proprietary stores .....
Eating and drinking places . .
Furniture, homefurnishings store*
do
do
do
do
do
do
do
do
829
98
245
306
249
104
208
1 045
61
47 1
2 573
2 314
3 857
•I
2, 776
r 188
' 273
r 9
r 153
••779
'453
'326
r
3 340
2 799
870
1 330
724
94
198
314
266
P 13 813
v 4 77f>
784
570214
849
'619
r 230
r g78
r IQQ
r 341
••177
r
162
r 9 831
r 9]5
r 997
9 042
807
196
308
164
140
410
1 049
3 362
2 831c
' 91
1 490
806
98
226
360'
9RQ
99 fl4.fi
OO
10 476
10 914
K'JO
H
999.
1 o xno
2.313
1 55
12
HI
SS
33
99
r
194
76
T
1 1 99
50
220
604
278
71
144
84
155
39
r
i co
59
50
2. f>43
r
43
2,582
29
2, 580
167
' 14
67
54
r
62
r
56
'30
693
312
'710
' 324
716
330
14
64
54
T
57
52
OOO
] 142
' 599
82
r 25fi
3 895
l' 984
2,437
287
35
1 13
AfLQ
53
51
i f\ coo
r gQO
103
186
1, 082
'56
51
T
'98
r
196
1,087
'61
52
166
15
61
56
61
56
30
102
193
1,090
61
48
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1952 arid descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May 1954
1954
1953
March
April
July
June
May
August
Se
P|frm-
October
November
December
January
February
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month:
Charge accounts ._
_ 1947-49 = 100..
Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
.
percent-Instalment accounts 9
do
Sales by type of payment:
Cash sales
percent of total sales. _
Charge account sales
do
Instalment sales
- do
Sales, unadjusted, total U. S.t
1947-49=100..
Atlanta
do
Boston
do
Chicago
do
Cleveland
do
Dallas
do
Kansas Citv
do
Minneapolis
do
New York
.
do
Philadelphia
do.
Richmond
-- do
St Louis
do
San Francisco
do
Sales adjusted total U S J
do
Atlanta
-do
Boston
do.
Chicago
do
Cleveland
do
Dallas
- -do
Kansas City
do_
Minneapolis
- _ _ _ __
do
Now York
do
Philadelphia
- do
Richmond
do
St. Louis
- .do
San Francisco
do
Stocks, total U. S., end of month:!
Unadjusted
do__ _
Adjusted
_ do
Mail-order and store sales:
Total sales, 2 companies
thous. of dol . .
Montgomery Ward & Co
do.
Sears, Roebuck & Co
do
Rural sales of general merchandise:
Total U. S., unadjusted
1935-39=100..
East
do
South
do
Middle West
do
Far West
do
Total U S , adjusted
-.
do
East
do
South
. -.
do
Middle West
..
do
Far West
do .
WHOLESALE TRADE
Sales, estimated (unadj ), totalf
...mil. of dol._
Durable-goods establishments
do _
Nondurable-goods establishments. _ _
do
Inventories, estimated (unadj.), total f
do
Durable-goods establishments _
do
Nondurable-goods establishments
do... .
I
123
222
122
220
124
220
123
219
114
214
113
218
125
222
132
229
146
238
194
259
159
252
138
243
127
236
49
15
46
14
46
14
47
14
46
13
45
14
46
14
48
14
47
14
46
14
45
13
43
14
48
15
46
43
11
47
43
10
115
131
106
114
115
127
115
107
101
118
127
118
117
117
134
106
114
115
131
115
107
104
119
128
118
124
47
43
10
108
114
103
110
111
118
111
98
99
105
112
110
112
115
128
103
112
118
134
118
106
102
110
119
122
121
47
42
11
89
102
76
89
89
104
91
84
75
83
96
86
101
113
127
106
110
114
124
111
105
104
117
120
107
117
47
42
11
98
114
79
98
104
116
104
97
75
92
97
100
109
112
130
99
109
120
127
112
102
99
116
114
110
113
46
44
10
112
122
112
113
114
119
109
110
102
108
121
109
111
107
119
105
106
109
112
103
100
98
104
114
102
110
46
43
11
115
130
107
112
115
128
114
118
110
114
122
119
111
110
128
107
109
110
122
108
103
104
106
117
108
111
46
44
10
136
146
129
137
142
144
129
121
129
142
144
136
131
113
128
107
113
115
127
112
105
102
108
118
114
112
48
43
9
192
219
194
188
187
209
189
171
178
188
211
185
195
112
127
108
115
112
125
114
107
101
108
121
113
109
47
42
11
83
94
83
82
80
94
83
'75
81
80
80
83
85
107
122
105
106
104
119
110
105
101
106
109
108
108
46
43
11
'86
101
81
'83
80
98
86
••83
83
' 84
89
88
86
109
123
109
'107
104
121
109
r
108
102
r
111
117
112
107
46
43
'125
95
101
107
117
103
92
93
106
••112
104
102
115
128
105
114
116
126
114
108
r
102
112
' 128
118
r
120
47
43
10
104
117
101
104
103
117
106
97
95
103
111
105
105
110
118
106
110
105
124
112
99
102
113
117
111
116
127
122
132
125
132
127
123
128
121
130
126
131
132
128
141
128
142
127
109
123
108
120
r
327, 550
87, 515
240, 036
345, 223
90, 564
254, 659
384, 048
95, 059
288, 989
380, 397
92, 804
287, 593
316, 298
78, 977
237, 320
339, 713
89, 164
250, 549
351, 988
91, 513
260, 475
377, 007
99, 860
277, 147
373, 870
98, 349
275, 521
511,657
138, 930
372, 727
322.5
316.3
349.5
312.1
352.3
347.9
326.0
379.9
327.8
404.9
293.6
265. 8
313.3
274.9
340.2
313.3
285.8
348.9
287.6
371.8
308.3
294.1
320.3
292.9
339.7
343.7
327. 5
386.4
330.6
379.1
316.8
281.7
334.8
309.9
369.1
355.2
313.0
385. 3
338. 3
394.8
262.6
228.4
269.1
250.9
349.5
353.9
322.6
374.3
335.9
428.3
312.7
278.3
330.8
291.8
391. 4
339.2
317.3
368.4
315.1
400.0
335.3
295.9
358.6
315.0
403.7
308.7
293.8
323.6
292.8
356.0
333.5
311.5
377.7
320.5
396.8
288.5
270.9
300.2
277.5
353.0
427.3
434.6
468.2
400.8
461.7
324.7
305. 6
339.8
305.0
368.2
541.0
487.5
560.9
520.4
648.6
353.4
314.5
386.0
341.9
407.2
9,398
3,184
6,214
11,641
6,243
5,398
9,270
3,288
5,982
11,493
6,264
5,229
9,014
3,079
5, 935
11,433
6,259
5,174
9,917
3, 223
6, 694
11,453
6,127
5,326
10, 186
3,150
7, 036
11,607
6, 107
5, 500
9,386
3,096
6,290
11, 750
6,094
5,656
9,759
3,296
6, 463
12,013
6,077
5,936
' 9, 907
3, 344
r
6, 563
12,214
6,044
6,170
9,231
2,973
6,258
12, 153
' 5, 902
6,251
' 104
' 9, 152
2 959
6, 193
11,697
r
5, 678
6, 019
114
119
P126
P121
231,649
52, 587
179,062
228, 687
53 131
175, 556
278, 044
67, 406
210, 638
235.7
212.2
251.1
225.4
275.4
r
310.0
r
279. 2
r
326. 1
'T 296. 6
377. 2
252.3
222.7
269 2
234 1
284 3
' 307. 6
'281 9
' 324 3
' 296. 3
r
361 5
260.7
237.2
287 2
244.6
299 4
296. 3
263 6
326 4
278.0
369 6
8,022
2 425
5, 597
11,937
5. 863
r
6, 074
' 8, 103
' 2 628
' 5 475
' 11,914
' 5 947
' 5, 967
9,158
2 928
6 230
11,861
6 054
5,807
r
r
r
ir
p89
pllO
p86
P86
p82
P102
P90
p79
p85
p91
p97
p92
^88
P105
P 117
P102
plOl
p92
P115
P 103
P95
p99
P106
P 119
p 108
v 111
r
EMPLOYMENT AND POPULATION
191>3
March
1
April
May
June
July
19 54
Decem- January FebruAugust SeptemOctober November
ber
ber
ary
March
April
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseas 0 thousands
158, 804 159,017 159, 202 159,410 159, 629 159, 889 160, 154 160, 408 160, 654 160, 873 161, 100 161,331
161, 542
161, 763
EMPLOYMENT
Noninstitutional population, estimated number 14
114 755 114 828 114 931 115,032 115 132 115, 232 U15 342 115 449 115 544 115 634 115 738 115 819
years old and over total cf §
thousands
115 914
115 987
Total labor force, including Armed Forces:§
(New sample) do
66 292 67 139
67 218
67 438
68, 238 i 67, 127
(Old sample)
do- ._
66, 338
66, 497
68, 290
66, 954
66, 679
68, 258
66, 874
66, 106
65, 589
66, 905
Civilian labor force, total (New sample) do
62 840
63 725
63 825
64 063
64, 648 i 63, 552
64, 668
(Old sample) _ _ -do
63, 154
62, 810
62, 964 ' 64, 734
63, 353
62, 614
63, 404
62, 137
63, 491
Employed (New sample)
do
59
753
60
055
60
100
60
598
63, 172
63, 408 1 62, 306
(Old sample)
do
61,228
61, 658
63, 120
61, 460
62, 242
61, 925
60 764
59 778 60 106
Agricultural employment:
(New sample) -do 5 284
5 704
5 875
6 076
1
iyi , ay
6,390
4/4i
(Old sample) ,do_ .
5, 720
7,926
7,159
6,070
7,628
7, 262
6,651
5,438
5, 345
5,626
Nonagricultural employment:
(New sample) do
54 469
54 351
54 225
54 522
(Old sample) .do
55, 246
55, 740
55, 158
55, 268
55, 492
56, 134 i 55, 044
~55, 083
55, 274
55, 326
54, 433
54, 480
Unemploved (New sample) §_ ._ . -do 1,240
1,321
1,301
1,699
2,313
3 087
3 671
3 725
3 465
(Old sample)
do _ .
1,674
1, 562
1,306
1,582
1,548
1,162
1,428
1,850
2,359
3,385
1,240 i 1, 246
Not in labor force (New sample)
do
49 447 48 679
48 696
48 549
(Old sample), do
48, 076
48, 490
48, 434 46, 742 46, 874 46, 994 i 48, 215 48, 495 48, 671 49, 528 50, 149 48, 915
' Revised.
p Preliminary.
i See note marked ' V" for this page.
9 Revised beginnning 1953; not strictly comparable with earlier data.
JData for 1946-53 have been revised to
reflect changes in seasonal factors and other minor changes. Unpublished revisions (prior to July 1952) will be shown later.
fRevised scries. See corresponding note on p. S-3.
©Minor changes have been made for May 1950-October 1951. Revisions for November 1951-Dccember 1952 appear at bottom of p. S-10 in the March 1954 SURVEY.
cf Beginning in January 1953, materials from the 1950 Census have been used in estimating the labor force statistics. Accordingly, the figures prior to January 1953 are not entirely comparable with those for subsequent months. The new materials were introduced gradually over the 3-month period January-March 1953. As a result, estimates of employment were raised by
approximately 400,000 and estimates of persons not in the labor force by about 200,000. The unemployment estimates were practically unaffected. In September 1953, a further revision in
the estimating procedure was introduced which raised the level of agricultural employment by roughly 200,000 (and conversely lowered the level of nonagricultural employment by approximately 200,000). See note at bottom of p. S-10, February 1954 SURVEY, for rough adjustment factors for use in comparing the 1953 estimates with earlier data.
§Beginning with data for January 1954, the Bureau of the Census has released preliminary estimates of the labor force based on a new sample. The new sample, like the old, consists of
25,000 households, but is more widely distributed in 230 areas covering 450 counties (the old sample comprises 68 areas in 123 counties). Since it is believed that the230-area sample yields
more accurate results, collection of data based on the old sample was discontinued after February 1954. Tentative adjustments for unemployment for the period September-December 1953
are shown for rough comparison with data beginning January 1954.
SURVEY OF CURRENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 arid descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-ll
1954
IS 53
March
April
May
June
July
August
Se
P£m-
October
November
December
January
February
March
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in nonagricultural establishments: 9
Total, unadjusted (U. S. Dept. of Labor)
thousands ._
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total
do
Metal
do
Anthracite
do
Bituminous coal
_ do.
Crude-petroleum and natural-gas production
thousands.Nonmetallic mining and quarrying
do
Contract construction
do
Transportation and public utilities _ do
Interstate railroads
do
Local railways and bus lines
__ do__.
Telephone
do
Telegraph
_
. do
Gas and electric utilities
do-_.
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
General-merchandise stores
._ . do
Food and liquor stores
do
Automotive and accessories dealers. -.do
Finance, insurance, and real estate
do.
Service and miscellaneous
do
Hotels and lodging places
do_ ...
Laundries-.,
do
Cleaning and dyeing plants
do
Government
do
Total, adjusted (Federal Reserve)
Manufacturing
_
Mining
Contract construction
Transportation and public utilities
Wholesale and retail trade.
Finance, insurance, and real estate
Service and miscellaneousGovernment
_
do
do _
do
do
do
do_
do
do
do -
Production workers in manufacturing industries: 9
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
P urniture and
fixtures
do
Stone, clay, and glass products
_ do
Glass and glassware, pressed or blown
thousands..
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills _
thousands..
Primary smelting and refining of nonferrous metals. ._ thousands. _
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. _
Heating apparatus (except electrical) and
plumbers' supplies
thousands
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment-.
do
Automobiles
do
Aircraft and parts
._ _
do
Ship and boat building and repairs. -do_.__
Railroad equipment
do
Instruments and related products
do_._
Miscellaneous mfg. industries
do__
48, 685
17, 135
10, 103
7,032
846
100
57
318
48, 860
17, 077
10, 117
6,960
835
100
51
310
49, 058
17, 040
10, 096
6,944
831
100
56
300
49, 416
17, 162
10, 121
7,041
835
101
54
299
49, 215
17, 069
10, 007
7,062
823
100
49
290
49, 409
17, 258
10, 006
7, 252
831
100
50
291
49, 695
17 221
9 955
7 266
826
100
50
291
49, ()63
17 017
° 879
7 138
813
99
49
284
49, 340
16 706
9 705
1 001
8' 6
99
49
286
49, 703
16 4S8
271
99
2,301
4,235
1,361
131
694
48
543
272
102
2,416
4,244
1, 376
131
682
48
542
271
104
2,509
4,279
1,387
131
697
49
544
276
105
2,608
4,315
1,400
131
700
49
552
280
105
2,662
4,340
1,410
131
710
48
559
284
106
2,715
4,337
1,407
129
704
48
561
279
106
2 751
4 323
1, 394
128
698
48
555
276
105
2 772
4 310
l'383
130
700
48
551
278
104
2 674
4 273
1 354
130
699
47
551
279
102
2 521
4 240
1 329
130
698
47
550
10, 284
2,730
7,554
1,396
1,389
813
1,993
5,225
456
340
175
6,666
10, 314
2,713
7,601
1,397
1,398
820
2,014
5,307
464
344
181
6,653
10, 348
2,712
7,636
1,406
1,399
829
2,025
5,357
470
349
184
6,669
10, 415
2,729
7,686
1,402
1,406
839
2,046
5,397
496
354
187
6, 638
10, 355
2,736
7,619
1,350
1,401
846
2,075
5,413
538
355
180
6,478
10, 334
2 733
7,601
1,356
1,391
851
2,076
5 409
538
351
176
6,449
10 464
2 736
7 7°8
1 421
1 402
'849
2 054
5 393
486
346
180
6 663
10 611
2 768
7 843
1 496
1 422
854
2 055
5 336
451
346
185
6 749
10 772
2 790
7' 982
1 602
1 432
'858
2 056
5 303
441
345
185
6 740
11 310
49, 148
17, 168
854
2,529
4,272
10, 390
1,993
5,305
6,637
49, 154
17, 229
838
2,517
4,266
10, 402
2,004
5, 307
6,591
49, 297
17, 276
833
2,484
4,282
10, 466
2,015
5,304
6,637
49, 486
17, 319
831
2, 508
4,282
10, 521
2,026
5,317
6,682
49 511
17, 303
816
2,511
4,293
10, 524
2,044
5,333
6,687
49 302
17 126
821
2 514
4,287
10 489
2,055
5 329
6 681
49 216
16 959
820
2 571
4,301
10 503
2,064
5 313
6 685
4Q 99Q
AQ Q77
16 790
' sin
o 615
4,317
10 558
2,076
5 336
16 587
13, 831
8,211
147
13, 758
8,215
150
13, 699
8 179
156
13, 787
8,190
158
13, 666
8 056
162
13 851
8 054
159
13 832
8 01 fi
159
to £97
688
408
701
416
731
432
459
462
713
422
322
461
465
718
426
315
456
722
429
315
463
713
423
315
465
705
419
312
688
407
308
650
388
301
446
90
1 145
91
1 144
91
1 138
92
1,143
87
1 134
89
91
91
1,099
91
1,076
88
1,061
571
572
561
555
542
qi 7
1 1 98
9 i84
6 904
809
100
49
281
2 ' 7ftQ
8 521
l' 986
1 446
869
9 Of\d
c 979
47, 721
16 158
r 9 402
r
6 756
792
r 99
46
274
' 47, 422 p 47, 288
r 16 034 T> 15 873
P 9 137
r 9 287
P 6 736
6 747
r 777
P 760
r 97
P 96
45
r 266
P 249
276
97
r 2 247
4 137
273
r 96
r 2 248
r 4 103
1 250
128
695
45
549
r 1 273
129
r Q95
47
549
r
10 365
2 752
7 613
1 388
1 418
'854
2 052
•D 1 r-td9
'845
P842
c' 994
r 438
342
180
440
344
182
446
340
179
6 74.fi
r fi QQQ
' 01 C
2
T
S oon
6 7O7
4,228
2,074
r
788
v 768
' 4, 153
4,085
2, 073
r 2, 070
2,071
6, 746
6, 714
12, 683
7,T 375
132
v 12, 541
v 7, 238
p 121
'616
'372
'293
426
'621
371
'290
r
425
P612
82
1,035
83
' 1, 014
P991
*847
r
7, 651
150
r
r
7, 477
T
564
562
562
42
42
43
43
44
44
44
43
42
952
952
952
956
938
946
944
929
907
879
'877
'866
124
1,335
925
1,574
821
542
137
63
244
410
125
1,321
926
1, 576
831
533
139
62
244
411
123
1,307
919
1,556
816
532
135
61
244
413
123
1,300
911
1,548
803
535
136
63
245
415
120
1,264
892
1,533
796
537
134
55
241
403
122
1 235
905
1 521
775
545
130
59
239
420
191
1 228
913
1 493
738
555
130
58
°41
428
121
1 219
905
1 479
732
551
127
57
241
432
115
1 205
'885
1 423
703
528
127
55
242
424
110
1 202
856
1 460
726
545
125
56
240
406
104
1 193
104
5,816
1 297
' 242
88
342
183
140
114
1 097
484
229
5, 686
1 202
249
82
232
183
135
111
1 076
475
224
5,550
1 131
258
79
168
181
130
103
1 054
467
217
5,456
1 068
253
77
136
177
125
106
1 036
459
211
1 087
129
1 090
128
1 071
125
1 071
124
9
90
316
454
228
288
317
452
226
282
316
450
226
273
335
446
227
T 266
337
r
442
r
225
509
149
159
515
193
513
150
161
513
510
149
160
508
512
150
163
501
'502
185
189
190
187
T
T
~ "
4,173
KQ«
4,280
10 485
2,077
P 97
p 2 282
p 4' 050
T i ^n^
r i 327
567
5,597
5,543
5,620
Nondurable-goods industries
do
5,520
5,610
5,797
1,097
1,027
1,025
Food and kindred products. _
do_
1,051
1 184
1 264
237
233
Meat products
_
do
238
233
240
240
94
83
80
Dairy products. .
__do
87
94
93
165
134
Canning and preserving.
do_
123
146
244
316
184
179
Bakery products
do
180
184
181
182
132
Beverages^ _
_
__ do
127
125
132
139
143
85
85
87
Tobacco manufactures
_ do_
85
85
107
1,122
1,119
1,134
Textile-rnill products
_ _ do
1, 117
1,094
1 102
497
494
499
Broad-woven fabric mills..
do._.
494
490
486
232
231
Knitting mills
do
233
235
232
226
Apparel and other finished textile prod1,072
1,086
1,139
ucts
_. thousands
1,061
1,053
1 109
127
Men's and boys' suits and coats
do_
124
126
125
118
129
Men's and boys' furnishings and work
288
289
289
clothing
thousands
288
291
277
309
Women's outerwear
do...
318
356
298
314
335
446
Paper and allied products^
do
440
439
440
442
450
225
222
Pulp, paper, and paperboard mills. -do
223
222
225
227
Printing, publishing, and allied industries
502
498
499
499
thousands. _
496
499
148
Newspapers
__ do.
146
146
148
146
146
159
Commercial printing
do
159
158
158
157
156
513
Chemicals and allied products.. _
do
526
526
517
508
511
195
191
Industrial organic chemicals
do- ,
190
192
196
195
' Revised.
» Preliminary.
9 Data for employment and hours and earnings will be revised in the June 1954 SURVEY to adjust to a more recent
see the WEEKLY SUPPLEMENT to the SURVEY, May 15,1954, issue.
K 797
r
r
r
r g29
1 441
r eqg
560
r
124
55
236
'387
' 5, 316
r 1 Oil
T 243
76
r 120
174
120
99
r I
004
448
203
r \ 050
r 123
r 145
161
500
r 1 Igg
r 816
T i 400
' 666
552
123
52
r
231
'393
' 5, 308
' 992
235
77
113
174
118
r 92
T i 003
446
207
r 1 070
P286
p 426
v 1 174
v 802
v 1 375
p 221
v 385
v 5, 303
P 992
P 86
P i ooo
P i 079
124
270
347
r 441
•P 442
225
499
144
158
r 498
P500
•P 496
177
benchmark; for adjusted data for April 1953 and March and April 1954,
SURVEY OF CURRENT BUSINESS
S-12
May V,tr,4
19 53
Unless otherwise state*!, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
March
April
May
June
July
1954
September
August
December
October | *ǣȥ
January
February
March
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT —Continued
Production workers in mfg. industries 9 — Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Products of petroleum and coal
thousands _ .
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
:
j
|
I
190
145
220
92
351
231
190
145
213
90
344
224
191
146
214 ;
90 i
351 j
228
188
144
214
90
341
221
186
143
209
87
335
214
184
142
204
84
334
216
110.8
111.5
no. r,
112.0 |
111.8
110. 2
107. 7
112.4
112.6
112.7
112.4
111.0 !
109.8
108.4
259, 370
91, 151
112, 583
280, 496
110.780
114.107
312,091
131. 103
120. 212
326, 974
140. 319
124. 974
336.979 ! 329, 727
149,936 ! 147, 734
123.676
119, 845
186
144
221
92
363
238
188
144
221
92
355
232
111.8
111.2
112.0
240, 604
71,537
112,856
1SS
143
220 1
93
344
226
181
141
202
83
333
220
' 178
' 139
199
'83
' 332
' 224
' 178
139
<• 197
83
'338
226
106. 0
103.4
102. 5
»- 101. 4
106. 7
105. 2
' 103. 9
102.7
p 101. fi
number..
Maintenance (State)
do
Federal civilian employees (executive branch) :c?
United States, continental
..thousands .
Washington, D. C., metropolitan area.. do....
Railway employees (class I steam railways);
Total .
...... ..thousands..
Indexes:
Unadjusted
.
1935-39 «= 100. .
\d justed
do ...
31o, 207
138. 824
117,069
283, 814
110, 322
114. 128
i 252, 170
i 79, 163
i 113,372
' 2. 317
'229
' 2, 300
' 226
' 2. 278
'223
' 2. 277
'222
1 , 223
1,239
1. 251
116.5
119.4
118.1
120.0
161.9
r
r
2, 205
'213
' 2, 179
'211
' 2.r 177
210
' 2. 158
'208
2, 149
'207
r 2. 147
r 2 213
*• 177
"~r~ift4~
r 33fi
|
|
Manufacturing production-worker employment
index, unadjusted (II. S. Dept. of Labor)
1947-49 = 100-.
Manufacturing production-worker employment
index, adjusted (Federal Reserve) — 1947-49=100..
Miscellaneous employment data:
Federal and State highways, total§
i
|
i
1
' 2 2, 455
2. 255
'219
' 2. 232
r
215
1.263
1.274
1 . 271
1, 258
1.248
1.222
1,190
1, 139
' 1, 114
1.08S
119.3
119.8
120. 4
118.8
121.5
11*. 9
121.2
118.7
120.0
117. 1
119.0
11 5. 2
116.4
115.4
113.2
115.0
r 108.6
r 112.9
p 106. 4
r> 109. 1
r 103- 7
r 10f,. 4
150.0
149.9
150. S
14S. 9
151.6
150.9
149.3
145.6
144.0
' 138.6
' 137. 3
r 135. 1
41.1
41.9
41.2
40.8
41.6
40.7
40. 7
41.5
41.4
40. 7
41.4
41.3
40. 3
40.8
41.2
40. 5
41.1
40. 9
39.9
40.6
41.0
40.3
41.0
40.9
40. 0
40.6
39.9
40.2
40.8
40.9
39.4
'40.1
'40.0
' 39. 6
'40.2
' 40. 0
r 3!l. 4
P 30. S
r 39. 7
40.9
40.4
41.6
41.3
40.6
41.7
41.0
40.7
41.3
41.1
39.7
41.2
40.8
40.5
40. 9
41.2
39.8
41.3
41.4
41.2
41.0
41.1
40.0
41.4
40. 7
40.4
39.8
40.8
39.0
40.9
40. 9
41.1
40.9
41.1
39.8
41.0
40.2
40.4
40. 5
40. 4
39. 3
40.2
40.9
41.1
41.1
41.2
39. 7
40.3
40.1
40.1
40.7
40.6
39.4
39.8
40.3
40.4
40.6
40.7
39. 4
39. 8
'39.4
40. 5
40.7
' 40. 1
MO. 4
39.5
' 38. 5
t 40. 0
* 40. 4
40.9
40.3
41. 1
40.9
40.8
41.0
40. 0
40.2
39. 6
39. 2
r
41.7
41.6
41.6
41.5
41.2
41.2
41.3
41.4
41.8
4..«
Ml. 7
40.6
42.2
42.1
42.0
41.3
41.4
4(1. 7
41.3
41.0
41.5
r 40. 6
' 40. 7
40.7
42.8
41.3
41.6
41.9
42.0
39. 7
40.2
41.2
41.3
40. 5
42.5
40. 8
41.3
41.5
41.7
39. 7
39.5
41.6
40.9
40.1
42.2
40.8
41.2
41.5
41.2
39.5
40.0
41.5
40.9
40.1
41.7 i
40.1
40.8
40.7 i
41.5
39.5
38.8
40. 6
39.7
40. 0
41.8
40. 7
41.2
41.2
41.8
39. 5
38.6
41.0
40.6
39.0
41.6
40.5
40.3
39.9
41.4 !
38. 1 I
39.1 !
41.2
40. 1
40.3
42.0 j
40.4 !
40.9
40.8
41.6
38. 6 !
39.5
41.4
41.0
39.3
41.6
40. 2
40. 4
40.1
41.6
37. 9
38. 8
41.3
40.7
39.8
41.9
40.2
40.7
40.1
41.8
39.6
39.6
41.3
40.7
'38.6
41.2
39.3
' 40.5
' 41. 0
M0.6
38.1
39.2
39. 9
39. 4
39.3
'41.2
'40.0
' 40.0
39. 2
41.1
39.2
40.0
'40.4
' 40. 1
39.5
41.1
40. 6
44. 0
37. 6
41.3
41.6
37.0
39. 4
40.1
37.2
39.7
41.7
41.5
44.7
38.1
41.9
42.6
37.0
39.5
39.9
37. 5
39. 6
41.8
40.7
44.7
40.4
41.6
43.1
37.4
39. 1 ;
39.5 !
37. 2
39.6
41.4
40.6
44.2
40.1
41.4
41.9
38.9
39. 0
39.2
37.7
39. 0 1
42.0
41.4
44.2
41.3
41.8
41.7
39. 1
37.7
37.9
36.0
39.2
41.5
42.1
43.2
40. 1
41.3
40.7
39.4
38.2
38.3
37.6
39.1
41.4
43.2
43. 0
37. 0
41.0
39.9 i
38.3 ;
38.2
38.5
37. 2
39.3
41.3
41.6
43.5
37.9
41.0
40.1
39.2
38. 4
38. 6
37. 1
38.5 \
40.9 i
41.5 !
' 43. 1 !
' 37. 7\
'40.8
' 39. 3 i
36. 2 i
' 37. 4'
' 37. 5!
' 36. 2i
r 38. 8
40.5
39. 7
43.4
37.0
40. 9
89. 9
' 36. 0
' 38. 0
37.9
37.1
r 207
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor) ..1947-49 =100..
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor): 9
\11 manufacturing industries
hours
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)- . .
hours. .
Sawmills and planing mills
do
Furniture and
fixtures
-do
Stone, clay, and glass products
do - _
Glass and glassware, pressed or blown. do
Primary metal industries
do . _
Blast furnaces, steel works, and rolling
mills
hours..
Primary smelting and refining of non ferrous
metals .
hours Fabricated metal prod, (except ordnance, machinery, transportation equipment). hours. Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
do
Electrical machinery
do ..
Transportation equipment
do
Automobile^
do
\ircraft and part51
do
ij
Ship and boat building and repairs. -do
Railroad equipment
do
i
Instruments and related products
do
Miscellaneous mfg. industries .
do
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving...
Bakery products
Beverages
Tobacco manufactures
Textile-mill products
Broad-woven fabric mills
Knitting mills
.
do
do
do
do
do
do._do
do
do
do
do
!
i
'
'
42.4
41.0
43.1
41.5
41.7
41.8
42.3
39.2 1
40.5
41.9
41.5 !
40. 0 |
40.8
40.3
43.4
37.6
41.6
40.2
37.8
40.0
40.0
38.7
i
i
;
!
!
i
39.5 i
40.4 1
39.9 i
43.2
36.6
41.2
40.6
37.2
39.3
39.7
37.3
r 39. 3
' 39. 6
' 39. 7
39.0
' 39. 3
38. 9
» 40. 0
r 38. 1
37.7
P 4(1. 4
* 40. 9
v 39. fi
* m. 8
* 40. I
»> 40. 1
T 38. *
v 40. 4
p 36. 1
p 38. 1
Apparel and other finished textile products
36.1
37.0
37.7
35. 6
35.9
36.4
36. 0
36.5
34.8
36.6
'r 34. 8
' 36. 1
» 36, 0
hours.. I
36. 2
i
38.9
35.7
36. 8
37.7
37.6
34. 9
36. 6
37.4
35. 4
36.9
35.9
Men's and boys' suits and coats
_do
Men's and boys' furnishings and work
38.4
36.7
36.0
37.3
' 34. 4
36.9
37.4
37.8
35.8
35. 7
37.3
36.1
clothing
hours . _j
34.1
32.4
35.2
34. 3
36.0
i
36.3
' 34. 5
34.6
35.3
34.7
35.7
35. 5
Women's outerwear
do
43.
0
42.9
43.0
42.7
i
43.1
43.0
41.9
42.8
43.2
1
43.3
•41.9
43.3
*41.8
Paper and allied products
do
43.8 1
44. 2
44. 0 i
44. 0
44.0
44.4
43.7 |
44.5
44.1
I
44.0
43.4
43.3
Pulp, paper, and paperboard mills.. -do
Printing, publishing, and allied industries
38.9
38.9
38.6
39. 0 1
38.9
39.1
» 38. 6
38.4
39.3
38.8
38.8
38.8
'38.3
hours .36.3
36.7
36.4
36.0
36.3
37.4
36.0 !
36.2
36.0
36.5
<- 35. 6
36.0
Newspapers
do
40.2
40. 1
40.1
40.0
40.2
i
40.5
39.4
' 39. 9
40.1
40.5
40.0
40.0
Commercial printing
do
41.2
41.5
41.1
41.4
41.5
41.5
41.4
'41.2
41.0
41.5
41.5
P41. 1
41. 5
Chemicals and allied products..
.do
40. 1
40.4
41.1
40.4
40.7
41.0
40.9 j
40.5
40. 6
40.8
41.0
40.8
Industrial organic chemicals
do....
40.8
j
41.1
41.1
41.4
40.5
J> 40. 1
'40.4
40.8
40.7
41.1
40.5
40.5
40.8
Products of petroleum and coal...
do
40.3
40.6
41.2
' 40. 5
40.2
40.7
40.7
40.3
40.4
40.7
40.6
40.5
Petroleum refining
do
39.1
'39.1
' 38. 7
39.4
39.2
40.5
39.8
39.0
40.3
» 38. 7
40.7
41.6
41.1
Rubber products
-.
do
37.8
'37.5
39.1
40.4
38.5
37.3
40.2
37.8
40.7
37.8
40.0
41.7
Tires and inner tubes
do
35.5 1
36. 0
37.4
p 37. 8
' 38. 2
' 37. 6
37.7
38.1
37.8
38.2
36.1
37.8
39.3
Leather and leather products
do
34. 6
36.7
' 37. 4
37.2
37. 9
34.4
38.1
34.7
37.3
37.8 i
37.2
39.1
Footwear fexcent rubber) _ _ .
dn
2
' Revised.
p Preliminary.
i Series discontinued with December 1953 data.
Includes temporary Post Office employees hired during Christmas season; there were about 289,000 such
employees in all areas.
§Totai includes State engineering, supervisory, and administrative employees not shown separately.
cfData beginning January 1953 have been revised to exclude the employees of the General Accounting Office and Government Printing Office. At the end of January 1954, employment in
these agencies was as "follows: Continental United States — GAO, 5,800; GPO, 7,100; Wash., D. C. — GAO, 4,300; GPO, 6,900. Revisions for January and February 1953, respectively, comparable with data shown above: United States, 2,356; 2,334, Washington, D. C., 233; 231.
9 See corresponding note on p. S-ll.
SURVEY OF CURRENT BUSINESS
May 11)54
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-13
1954
1<>53
March
April
May
June
July
August
September
October
November
December
January
43. I
February
March
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITION S— Continued
Average weekly hours per worker, etc. — Continued
Nomnanufacturing industries: 9
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 .
B uilding construction
.do
Transportation and public utilities:
Local railways and bus lines }
do
Telephone
.-do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
..
..do
Retail trade (except eating and drinking
places)
hours. .
General-merchandise stores
do _ .
Food and liquor stores
do
Automotive and accessories dealers... do
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
number..
Workers involved
thousands
In effect during month:
Work stoppages
number. .
Workers involved
thousands . _
i
Man-days idle during month
...do
Percent of available working time
U. S. Employment Service placement activities:
Nonagricultural placements
thousands
Unemployment compensation, State laws (Bureau
of Employment Security):
Initial claimsf
thousands. _
Insured unemployment, weekly average*, .do
Benefit payments:
Beneficiaries, weekly average _ do
Amount of payments. _.
thous. of dol..
Veterans' unemployment allowances:^
Initial claims
thousands
Insured unemployment, weekly average
do
Beneficiaries, weekly average
do
Amount of payments
thous. of dol
Labor turnover in manufacturing establishments:
Accession rate. ..monthly rate per 100 employees. .
Separation rate, total
_
do
Discharge
.do
Lay-off
do
Quit .
do .
Military and miscellaneous
do
43.1
26.6
33.1
43.2
25.3
32.1
43.8
31.0
34.4
43.7
36.8
36.5
42, 7
34.1
34, 4
44 o
°5 2
37 3
44 0
9
85
34 6
43 2
29 6
36 2
25 6
32 6
44.0
26 2
33 3
- 43 6
- 28 6
-33 2
41 9
30 1
31 9
44.1
37.1
38.3
36.8
40.7
40.8
44.8
37.3
39.0
36.9
41.2
45.2
37.9
40.0
37.3
40.1
45.7
38.6
41.9
37.7
41.4
45.4
38.1
41,7
37.1
41.7
45.9
38.6
42 5
37. 6
40.7
45. 0
36.9
39 9
36.1
40.3
45.9
38.6
42 2
37,7
41.4
44.5
37.2
39 4
36.7
40. 2
44.0
36. 8
39 1
36. 3
-40.7
-41.0
-34.3
-36 0
- 33. 9
40.2
43.0
36.7
39 6
36.1
45.5
38.2
41.6
41.2
45.7
38.3
41.6
41.1
46. 2
38.7
42.4
41.2
46,1
39.0
42.0
41, 5
45.3
39.0
42.0
41.7
45 ()
38 7
42 0
41.5
44.9
39 4
42 1
41.8
44,3
38 6
41.6
41.5
44. 1
38 8
41. 2
41.7
44.5
38 5
41.1
41.6
44.4
- 38 2
40 9
41.3
43 9
38 0
41 4
41.1
40.4
40.3
40.3
40.4
40. 5
40 4
40 4
40 6
40 5
40 7
- 40 2
40 3
39.2
34.7
38.9
45.0
39.1
34.8
38. 8
44.9
39.0
34.7
38,7
45.0
39.4
35.4
39.3
44.9
39,9
36 2
39.9
44.9
39 8
35 8
39.9
44 6
39 1
34 8
39.2
44 3
38 9
34 6
38.3
44 6
38 7
34 5
38.3
44 5
39 2
36 3
38.6
44.4
- 39 0
r 34 9
-38.3
44 2
39 1
35 0
38!l
44 4
42.1
40.6
40.2
42.5
40.8
40.5
42.1
41.5
41.9
42.0
40.9
41.3
42.2
40. 1
39 2
42 3
39 9
38 (*
42 0
40 2
40 0
42.3
40 1
40 1
42 2
40 0
39 3
41.9
40 6
3Q 9
- 41 8
39 7
- 38 2
42 *>
40 0
38 6
l
-457
1
-560
-312
-596
- 313
-567
-258
- 534
-293
r 4g4
- 196
- 420
- 238
r H9
- 379
- 175
-281
100
- 145
- 76
250
80
200
50
i - 639
1-237
-1 1, 260
- .14
-798
-413
- 2, 690
- 29
-869
-406
- 3, 770
- 42
- 875
-448
- 4, 530
- .48
-841
- 491
- 3. 880
- 39
T 7(^3
- 393
- 2, 880
- 721
- 211
- 1.700
- 502
- 175
-1,570
r -354
1q
- 658
- 240
- 1, 650
- 17
400
150
1,000
350
100
750
521
553
577
612
574
5 79
605
544
400
378
oco
783
1.014
831
961
977
861
7Q9
889
800
833
H14
779
914
840
1 235
1, 115
1 616
1,509
1 749
2.044
930
92, 308
840
82, 990
772
72, 144
734
72, 033
675
69, 175
6 >l
65, 300
656
66, 104
80Q
78, 979
1 1^4
120, 780
1 ^Q9
15
34
39
4 405
13
29
34
3 888
13
25
29
3 142
16
25
27
3,087
U
27
28
3 32°
24
28
16
23
24
9 Ann
31
32
33
45
47
4.4
4.1
.4
.8
2.5
.3
4.3
4.3
.4
.9
2.7
3
4.1
4 4
.4
10
2 7
3
5.1
4.2
.4
.9
2.6
.3
1. 1
4 3
4
11
2 5
3
4,3
4 8
4
13
2 9
4.0
5 2
4
1 5
31
3.3
4 C
2.7
il
o
1
2 i
9 Q
1 ^
71.93
77 52
77 46
71.40
77 38
76 52
71.63
77 19
78 25
71. 63
77 42
78 88
71. 33
76 70
77 87
71. 69
71.42
71.73
71.60
64.21
63 43
63 65
70 21
65.19
64 71
63 19
70 28
66.10
65 61
62 58
70 86
67.48
67 16
6? 73
70 69
66. 34
65 85
66.67
67.80
84 23
67. 89
83 22
68.46
83 84
68.40
84 87
67. 08
85.89
84.63
86. 72
87. 53
89. 76
r
39
816
679
64. 579
r
r
15
30
Q
<)•>::
0
10
4. 9
- 173
- 1,880
- 20
19
1 ^n
1,300
. 14
391
2, 169
2,175
158,418
179, 284
1 , 953
21 5. 6.50
64
69
78
89
8,085
38
87
103
10, 840
c IMO
2.1
4 0
2
2 C
2.8
r 2. 5
- 3. 5
- 2. 2
1.0
1 1
"2.8
"3.8
".2
" 2.3
"1.0
" .2
WAGES
Average weekly gross earnings (U. S. Department
of Labor) : 9
All manufacturing industries
dollars..
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars ..
Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown
dollars ..
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, and trans, equip.)
dollars
Heating apparatus (except electrical) and
plumbers' supplies
dollars. _
Machinery (except electrical)
do
Electrical machinery
_do
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs...do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. it id ustries
do
? See corresponding note on p. S-ll.
71.96
''Q 1 9
70.92
- 76. 59
77. 60
' 70. 88
- 76. 38
- 78. 00
v 70. 53
v 75. XI
"78.21
- 62. 25
r
66. 33
67. 08
64. 96
64. 08
62. 78
64. 12
63. 49
63. 74
71. 63
-61.78
63. 99
04. 31
-r 62. 56
70. 70
v ()2. 40
" 70. 70
68. 46
69.17
09. 08
83. 82
70. 13
82. 78
69. 34
82. 78
' 68. 64
- HI . 74
69. 92
- 79. 31
" 78. 49
90. 20
90. 80
88.04
86. 33
85. 46
- 84. 80
r
70 58
T
62. 49
79 65
79 46
79 46
80 10
HO 34
83. 18
82. 54
77 59
77 23
77 04
77 28
76 4 1
76. f>7
78. 02
82. 98
j
- 76. 73 i
74.21
84.05
72.21
85.49
88 20
84 18
78.79 1
81 41 I
73.74 I
64.74 ;
74.48
83. 46
71. 86
85. 70
88 83
83 16
80.19
81 61
72.10
64.43 !
73. 31
82.88
70.99
84.67
87 15
82 57
80.19
79 79
73.22
64. 21
72.98
82.29
71.40
85.70
89 23
81 99
79.40
81 20
73.87
63.80 ;
72.98
81. 73
70. 58
84.86
87 91
82 59
80. 58
77 99
71.86
02.33 i
-72.31
82. 78
71.96
84.84
87. 02
84. 03
78. 45
73. 63
83. 80
72. 36
85. 88
87. 42
85.27
82. 37
8.3. 16
74. 75
65. 53
' 71.80
82. 40
70.74
-85.86 i
- 89. 79
- 83. 23
78. 49
- 82. 32
-72.22 {
63.43
72. 80
81.93
71.63
85. 70
71.76
82.37
71. 69
84.23
80.98
7S 36
72. 98
on (\4
OO =Q
74.56
83.58
71.51
85. 89
78.49 i
79. 90
74. 16 i
63.36 '
74. 52
65. 19
74. 7.5
65. 12
* 63. 74
81.00
79.98
r
76. 92 '
* 75. 95
73. 10
82. 40
- 72. 00 ! " 71/28
- 84. 80 ! v S3. 98
85.06
85.08
81. 14
84. 00
- 73. 53 """'72.18
- 64. 16 '• v 64. 50
T
SUKVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
.Mav 1054
1954
1953
March
April
May
June
July
August
September
October
November
December
January
February
March
EMPLOYMENT AND POPULATION— Continued
WAG E S— Continued
Average weekly gross earnings, etc. 9 — 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 J
do
Telephone
__ __ do
Telegraph
do
Gas and electric utilities
.. _ do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)
dollars. _
General-merchandise stores
do
Food and liquor stores
_ do
Automotive and accessories dealers. _do
Finance, insurance, and real estate:
Banks and trust companies
do
Service and miscellaneous:
Hotels, year-round _ _
-do
Laundries
do
Cleaning and dyeing plants
.. _ do. __
Average hourly gross earnings (U. S. Department
of Labor) : 9
All manufacturing industries
dollars
Durable-goods industries _
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
. ..dollars. _
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products „_ . do
Glass and glassware pressed or blown
dollars..
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars. _
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
dollars..
Heating apparatus (except electrical) and
plumbers' supplies
dollars. .
Machinery (except electrical)
do
Electrical machinery.. _ _
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
_
do
Ship and boat building and repairs. . do
Railroad equipment.
do
Instruments and related products
do
Miscellaneous mfg. industries...
do
63.60
65.28
71.33
65.97
53. 02
63.65
71.96
47.63
54.80
53.60
50.31
62.81
64.64
70.62
66.10
51.61
63.45
73.49
47.62
53.84
53.20
48.49
63.20
66.17
71.86
67.32
52.26
64. 02
76.54
46.99
53.98
53.73
48.36
63.52
67.14
74.29
68.39
51.44
65.36
79.66
46.99
53.72
53.47
48.38
63.76
66.88
72.85
69.73
54.14
65.73
80.60
47.87
53.18
52.93
47.62
63.76
65.83
72.67
68.51
54.14
65.41
79.19
47.46
53.04
52.14
48.63
63.57
67.20
76.18
69.84
55.34
66.88
80.90
46.92
51. 65
50.79
46.80
63. 50
67.23
77.89
68.26
54.54
65.67
77.33
48.07
52. 33
50.94
49.26
63. 73
68.31
82.51
67.94
49.95
65.60
75.41
47.49
52. 33
51.21
48.73
64.45
68. 15
76.54
68.73
53.44
66.42
75.39
49.00
52. 61
51.34
48. 60
63.53
68.71
76.78
r
69. 39
'55.04
' 66. 10
'75.06
45.97
r
50.86
' 49. 13
' 47. 78
' 63. 63
67.64
72.65
69.87
54.02
65.85
76.21
' 46. 44
'51.68
49.65
48.97
v 63. 63
* 67. 87
49.76
59. 13
47.73
56.78
47.09
56.93
48.05
58. 67
48.24
57.41
49.78
60.59
46.98
57. 35
49.10
58. 64
48.06
57.48
48.82
58. 19
' 47. 68
' 55. 84
' 49. 46
57.80
» 49. 32
41.86
54.45
72.31
77.44
41.58
51.84
71.81
77.62
41.03
50.34
72.24
77.44
41. 51
50.66
72.41
78.68
40. 96
52.59
73.44
80.10
41.78
54.72
73.61
79.92
40.68
49.25
74.30
80.85
41.84
51.83
73.96
79.72
40.81
50.76
73.36
80.08
40.70
53. 61
73. 62
80.08
' 39. 56
' 52. 44
72.07
78.55
41.15
54.26
' 72. 07
78.37
85.24
89.28
83.84
73.87
79.15
87.89
91.71
80.29
93.83
53.84
52.00
85.19
91.36
84.02
74.29
79.76
88.29
91.88
79.32
91.58
51.79
49.10
85.80
92.85
83.81
75.12
79.73
89.60
92. 57
78.18
91.30
51. 61
48.81
85.36
92.35
84.00
75. 35
80.36
88.94
91.94
78. 55
89.20
52.33
49.90
84.92
90.36
83.60
76.78
81.59
92.32
96.00
78.98
90. 45
51. 82
49. 65
85.97
90.36
83.81
75. 85
80.79
92.06
95.00
76.81
87.58
51.79
49.24
86.91
93.03
84.80
77.61
84. 05
94.12
97.68
74.88
83. 54
48.99
45.41
86.75
92.93
85.63
75.81
80.60
91.80
94.71
75.07
83.16
49.68
45.67
86.52
92.57
85. 41
76. 59
81.20
92. 62
96.46
75.65
85.09
49.82
45.80
88.82
96.87
86.67
77. 19
81.81
91.98
96.05
75.66
82.43
52.03
49.10
86.40
'90.07
' 85. 79
' 76. 45
81.41
91. 53
' 95. 58
' 74. 69
'r 82. 88
51.89
' 49. 37
' 86. 18
91.44
84.32
' 76. 63
81.61
r
91.30
94.87
' 75. 46
83.54
' 52. 72
50. 67
84.48
65.70
81.76
84.67
61.99
79.61
86.29
77.19
84.97
86.96
91.63
91.25
88.82
83.89
84. 97
92.40
61.49
92.88
94.16
70.40
86.15
90.29
73.41
89.78
90.51
63.49
81.17
92.40
64.71
82. 25
' 92. 00
' 70. 93
* 82. 34
85. 90
76.15
78.47
88.73
72.77
88.67
84.26
89.79
88.13
74.37
89.15
85.02
90.04
88.99
75.94
90.58
87.20
91.01
87.02
76.78
92.25
91.34
91.99
92.74
77.63
91.82
92.16
91.64
93.83
79.41
94.18
96. 05
93.62
92.39
79.20
90.77
90.97
90.97
90.27
80.33
96.11
97.48
95.76
94.39
76. 99
93. 00
90.62
93. 59
90.45
76.12
92.37
89.93
93.29
r
92. 80
' 70. 93
'87.12
'r 83. 88
87. 46
90.85
73.96
92.12
90.68
92.78
75.99
63.03
73.63
77.87
76.78
63.20
73.63
78.50
78.08
64.63
75.90
79.52
78.37
65.13
75.60
80.22
77.92
64.35
74.76
81.32
77.40
64.24
74.76
81.34
78.13
68. 16
77.46
82.76
77.53
66.01
74.05
82.17
77. 18
67.90
73.34
82.98
77. 43
65. 84
73.16
82.37
' 78. 59
' 65. 70
72.80
81.77
77.70
65.74
73.69
80.97
69.89
70.12
70.93
71.10
72. 09
71.91
72.32
72.67
72.50
72. 85
' 72. 76
72. 54
53.70
37.82
57.57
72.90
53.96
37.93
57.81
74.09
54.21
38.52
57.66
74.70
55.16
39.65
58.95
74.98
56. 26
40.54
60.25
74.98
56.12
39.74
60.25
74.48
55.52
38.98
60.37
73.10
55. 24
38. 75
58. 98
74.48
54. 95
38.64
59. 37
74.32
54. 49
39.93
59.44
72.37
T
55.52
39.55
59.06
71.93
55. 77
' 40. 14
' 59. 75
71.16
"71.90
» 86. 85
v 76." 45
» 90. 23
* 74. 69
J> 52. 54
54.40
54. 47
54, 65
54.28
54.90
55.00
55.03
55.36
55.33
55. 68
' 56. 51
56. 51
37.47
39.38
45.02
37.83
39. 58
45.36
37.89
40.67
48.19
38. 22
40.08
47.08
38.40
39.30
44.69
38.49
39.10
44.35
39.06
39.80
46.40
39.76
39.70
46.92
39. 67
40. 00
45.98
39.81
40.60
46.68
'39.71
39.70
'45.08
40.09
40.00
45.16
1.75
1.85
1.88
1.75
1.86
1.88
1.76
1.86
1.89
1.76
1.87
1.91
1.77
1.88
1.89
1.77
1.88
1.91
1.79
1.90
1.93
1.78
1.89
1.93
1.79
1.89
1.91
1.79
1.90
1.93
1.80
1.91
1.94
1.79
1.90
1.95
pl.79
fl.90
»1.97
1.57
1.57
1.53
1.70
1.59
1.59
1.53
1.71
1.62
1.62
1.53
1.72
1.63
1.63
1.53
1.72
1.63
1.63
1.53
1.73
1.63
1.64
1.53
1.74
1.65
1.66
1.55
1.76
1.64
1.64
1.56
1.75
1.62
1.63
1.56
1.76
1.59
1.59
1.57
1.76
'1.58
' 1.59
1.56
1.76
1.58
1.58
1.56
1.75
»1.57
1.67
2.02
1.71
2.02
1.72
2.03
1.71
2.05
1.72
2.08
1.72
2.08
1.76
2.13
1.74
2.08
1.78
2.08
1.76
2.08
'1.76
2.08
1.77
2.06
2.10
2.10
2.11
2.14
2.20
2.20
2.27
2.19
2.18
2.18
2.18
2.15
1.91
1.91
1.91
1.93
1.95
1.97
2.05
1.99
1.99
1.97
1.99
1.97
1.83
1.83
1.83
1.84
1.85
1.85
1.86
1.87
1.87
1.88
1.89
'1.89
pl.88
1.81
1.95
1.74
1.83
1.95
1.74
1.81
1.95
1.74
1.82
1.95
1.75
1.82
1.96
1.76
1.82
1.96
1.76
1.84
1.98
1.77
1.85
1.99
1.77
1.84
1.99
1.79
1.85
2.00
1.80
'1.86
2.00
1.80
1.86
'2.00
'1.80
P2.00
»1.80
2.05
2.11
1.99
2.01
2.01
1.76
1.56
2.06
2.12
1.98
2.02
2.03
1.75
1.56
2.05
2.10
1.98
2.02
2.02
1.76
1.57
2.08
2.15
1.99
2.01
2.03
1.78
1.56
2.08
2.16
1.99
2.04
2.01
1.77
1.57
2.08
2.15
2.00
2.05
2.03
1.78
1.57
2.09
2.17
2.01
2.06
2.07
1.80
1. 58
2.10
2.16
2.02
2.07
2.07
1.80
1.59
2.10
2.17
2.02
2.07
2.08
1.81
1.60
2.11
2.18
2.04
2.08
2.10
1.81
1.61
2.12
'2.19
'2.05
2.06
'2.10
'1.81
1.61
'2.12
2.17
2.07
2.07
2.10
1.82
' 1.60
*2.11
1.59
1.60
1.77
1.53
1.41
1.54
1.81
1.60
1.61
1.77
1.63
1.39
1.55
1.84
1.60
1.61
1.79
1.53
1.35
1.56
1.87
1.01
1.60
1.79
1.56
1.34
1.58
1.87
1.61
1.59
1.79
1.55
1.35
1.58
1.89
1.63
1.60
1.84
1.58
1.34
1.60
1.94
1.62
1.62
1.85
1.58
1.36
1.59
1.90
1. 63
1.65
1.91
1.58
1.35
1.60
1.89
1.64
1.65
1.84
1.58
1.41
1.62
1.88
1.65
1.68
1.85
1.61
' 1.46
1.62
'1.91
1.6-i
1.67
1.83
1.61
1.46
1.61
1.91
T 1.64
»1.68
1.59
Nondurable-goods industries
do
1.60
Food and kindred products
do
1.77
Meat products
_
do
1.52
Dairy products
do
1.41
Canning and preserving
.
do
1.53
Bakery products
do
1.79
Beverages
do
' Revised.
*> Preliminary.
J Revised series. See note marked "J" at bottom of p. S-13.
9 See corresponding note on p. S-ll.
r
P 47. 29
» 52. 20
1
pl.56
pl.76
P2.06
* 1.80
v 1.61
SURVEY OF CURRENT BUSINESS
May 1954
S-15
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
January
February
March
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average hourly gross earnings, etc. 9— 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
Nonmanut'acturing 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 t
do
Telephone
do
Telegraph
. _ do
Gas and electric utilities. __
do
Wholesale and retail trade:
Wholesale trade
_ _ . do
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores
..do
Food and liquor stores
do
Automotive and accessories dealers. -do
Service and miscellaneous:
Hotels, year-round
_
do
Laundries.. _. _ _
do
Cleaning and dyeing plants...
do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr
Skilled labor
do._ _
Farm wage rates, without board or room (quarterly)
dol. per hr_.
Railway wages (average, class I)
do
Road-building wages, common labor
do
1.26
1.37
1.34
1.30
1.28
1.37
1.34
1.30
1.27
1.37
1.34
1.30
1.27
1.36
1.34
1.29
1.28
1.36
1. 34
1.28
1.32
1.52
1.29
1.51
1.29
1.51
1.32
1.59
.34
.56
1.09
1.50
1.67
1.76
1.10
1.44
1.67
1.76
1.10
1.43
1.68
1 76
1.11
1.46
1.68
1.78
.11
.52
2.18
2.48
2.07
1.78
1.94
2.19
2.51
2.09
1.79
1.95
2.20
2.53
2 09
1.81
1.94
2.17
2.27
1.93
2.25
1.37
1.33
2.18
2.28
1.93
2.25
1.37
1.32
1.96
2.47
2.47
1 29
1.36
1 31
1 32
v 1.31
pl.37
1.37
1.37
1 61
pl.37
r 1 60
1 14
1.51
1 72
1 82
1 15
1 52
1 72
1 81
1 14
1 52
r i 72
1 81
2.23
2 55
2 13
1 85
2 01
2.26
2 59
2 14
1 86
2 01
2.25
2 53
2 15
'2.25
2 54
2 14
r 1 gQ
r 1 86
2 01
2 02
2 25
2 35
1 92
2 20
1.38
1 32
2 27
2 37
1 92
2 21
1.38
1 32
2 26
2 36
1 93
2 21
1.38
1 32
2 26
2 36
1 93
2 21
'1.38
1 32
2 26
2 36
r i 93
2 21
1.38
1 33
2 14
2 47
2 49
2 09
2 48
2 4g
2 10
2 48
2 49
2 10
2 47
2 47
2 11
2 48
2 48
2 05
2 53
2 46
2.25
1 73
2 44
2 26
2 49
2.27
1 76
2 46
2 28
2 52
2.24
1 75
2 49
2 31
2 54
2 28
1 73
2 50
2 30
2 55
2 25
1 73
2 51
2 30
2 57
r
2 28
T i 73
2 26
1 72
2 51
2 29
2 57
1.72
1 65
1.78
1.95
1 72
1 66
1 78
1.96
1 74
1 73
1 84
1.98
1 75
1 71
1 78
1.98
1 75
1 75
1 78
1 99
1 74
1 71
1 78
1 98
r 1 77
1.76
1 78
1 78
1 79
1 79
1 79
1 79
r
1 40
1.12
1.50
1.67
1 41
1.12
1.51
1.67
1 41
1.11
1 51
1.67
1 42
1.12
1 54
1.65
1 42
1.12
1 54
1.67
1 42
1 12
1 55
1 67
1 39
1 10
1 54
1 63
1 24
1 37
1 33
1 31
1 25
1.37
1 33
1 31
1.35
1 62
1.36
1 62
1.35
1 61
1.36
1 59
12
55
70
80
1 13
1 52
1 74
1 85
1 14
1 52
1 72
1 82
1 14
1 48
1 71
1 82
2.20
2.51
2.09
1. 85
1.99
2.21
2 51
2 09
1 85
1 99
2.24
2 57
2 12
1 87
2 06
2.23
2 56
2 13
1 84
2 01
2.18
2.27
1.93
2.23
1.37
1.32
2.23
2.33
1. 95
2.25
1.36
1.31
2 24
2 34
1 93
2 24
1.37
1 32
2 29
2 40
1 92
2 21
1.38
1 32
1.97
2.49
2.47
1.99
2.49
2 50
2.08
2.46
2 47
2 10
2 44
2 49
2.16
1.66
2.39
2.18
2.44
2.16
1.68
2.39
2.18
2.44
2.17
1.68
2.39
2.18
2.44
2.24
1.71
2.41
2.21
2.47
1.67
1.65
1.77
1.89
1.68
1.65
1.77
1.91
1.69
1.67
1.79
1.93
1.70
1.67
1.80
1.93
1.73
1.74
1.76
1.37
1.09
1.48
1.62
1.38
1.09
1.49
1.65
1.39
1.11
1.49
1.66
1 20
1 37
1 34
1 30
1 22
1 37
1 33
1 31
1.36
1 62
. 70
1 80
1
1
1
]
2.20
2.53
2.10
1.82
1.96
2.18
2.28
1.94
2.26
1.38
1.33
1.96
2.45
2.48
2.18
1.65
2.39
2.20
2.44
1
1
1
1
22
36
33
29
.89
.97
.89
.97
.90
.98
1.12
1.12
1.15
1.14
1.14
91
.98
93
99
1.14
94
99
1.16
1.17
1.821
2.949
1.824
2.950
1.824
2.955
1 852
2.979
1 877
3 021
1 921
3 062
1 921
3 073
1 927
3 085
1.857
1.862
1.40
1.877
1.867
1.861
1.52
1.877
1.883
478
451
515
475
.91
.98
.85
.91
.98
94
95
1 00
1 17
1 00
1 17
QQQ
r
1 32
r 2 54
r 2 33
2 58
r
1 72
1 78
1 98
1 77
1 73
1 78
1 97
1 81
1 80
1 43
I 15
1 56
1 61
1 42
1 13
1 55
1 62
95
r
1 Q^3
n°,A
•I
q ncn
3
1. 8951 57
1.928
1 908
1 943
1 61
517
535
534
582
574
552
586
620
372
714
378
651
2,189
1, 197
1,180
17
373
620
1 QAd.
HOC
90
v 1.72
P2.25
v 1.86
v2 25
v 1 93
pl.39
95
1 00
1 17
1 00
1 18
3
77
.89
1 27
1 36
r
r 1 31
1
3
QA4.
rvQc
1 944
3 100
a 84
1 961
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. ofdoL.
Farm mortgage loans, total
do
Federal land banks _.
do
Land Bank Commissioner
..do
Loans to cooperatives
do
Short-term credit _ _ _ _ _
do
Bank debits, total (345 centers) t New York City
6 other centers c?-- .
----
do
do
do
468
507
455
464
417
441
428
408
319
866
312
854
2,310
1,177
1,157
19
331
802
147, 957
51, 799
32, 683
134, 386
45, 516
29, 958
147, 699
54, 888
31, 422
149, 606
54, 152
31, 778
140. 992
50, 470
30, 477
168, 596
65, 367
35, 557
50, 466
26, 176
644
24, 964
21, 085
50, 466
21, 068
19, 607
590
25, 872
44.9
49, 994
25, 958
343
24, 989
20, 993
49, 994
20, 623
19, 278
476
25, 983
45.0
51, 130
26, 252
329
25, 235
20, 933
51, 130
20, 815
19, 309
493
26, 033
44.7
50, 969
26, 550
413
25, 348
20, 897
50, 969
21, 030
19, 460
634
26, 134
44.3
51, 150
26, 133
369
25, 095
21, 348
51, 150
20, 669
19, 434
347
26, 455
45.3
52,315
26, 880
28
25, 916
21, 354
52,315
21, 422
20, 160
763
26, 558
44.5
2,253
1,128
1,106
22
365
760
333
794
313
825
2,330
1,156
1,136
20
320
855
153, 356
53, 898
35, 339
145, 567
52, 038
32, 742
141, 981
50, 255
32, 283
153, 846
56, 623
33, 807
Federal Reserve banks, condition, end of month:
Assets, total
mil. of dol._
50, 202
50, 558
50, 389
50, 243
Reserve bank credit outstanding, total, .do
24, 927
25, 546
25, 589
25, 414
Discounts and advances
do
485
1,014
732
64
United States Government securities _ _ do
23, 806
23, 880
24, 246
24, 746
Gold certificate reserves
..do
21, 367
21, 383
21, 356
21, 286
Liabilities, total
._
- d o
50, 202
50, 558
50, 389
50, 243
Deposits, total
do
20, 421
21, 055
20, 976
20, 396
Member-bank reserve balances..
do
19, 322
19, 740
19, 561
20, 069
Excess reserves (estimated)
. _ do
—285
351
806
102
Federal Reserve notes in circulation. __ do.. .
25, 560
25, 598
25, 671
25, 831
Reserve ratio
percent..
46.5
45.8
45.8 '
46.0 '
T
Revised.
» Preliminary.
° Rate as of April 1, 1954.
t Revised series. See note marked "{" at botto m o f p. S-] 3.
§Rates as of April 1, 1954: Common labor, $1.94 7; skilled 1 ibor, $3. IOC).
t Revised series. Bank debits have been revised to include additional centers ami to represe nt
c? Includes Boston, Philadelphia, Chicago, Detro it, San Fraincisco, anc1 Los Angeles.
9 See corresponding note on p. S-ll.
435
429
debits t o demand <ieposits.
701
580
720
2,271
1,228
1,212
16
619
' 154, 289
62, 306
30, 806
50, 509
25, 437
156
24, 639
21,274
50, 509
20, 688
19, 384
368
25,885
45.7
693
141, 933
56, 115
29, 341
171, 260
67, 913
36, 666
50, 692
25, 688
350
24,509
21, 270
50, 692
20, 934
19, 412
591
25, 757
45.6
50, 704
25, 316
147
24, 632
21, 278
50, 704
20, 773
19, 194
505
25, 487
46.0
Data back to Januarj r 1943 will be shown 1ater.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
.May 1054
1953
March
April
May
June
July
1954
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
March
FINANCE—Continued
BANKING—Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month :f
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. ofdol._
States and political subdivisions
do
Interbank (demand and time)
do
Investments total
do
U. S. Government obligations, direct and
guaranteed, total
mil. of doL.
Bills
do ...
Certificates
do
Bonds and guaranteed obligations
do
Notes
do
Other securities
do
Loans (net), total
do
Commercial, industrial, and agricultural- -do
To brokers and dealers in securities
do. _.
Other loans for purchasing or carrying securities
mil. of dol _
Real-estate loans
do
Loans of banks
do
Other loans
_
do
Money and interest rates :d*
Bank rates on business loans:
New York City
do
11
th n nnrt
stprn ritios
do
Discount rate (N Y F. R. Bank)
do .
Federal intermediate credit bank loans . ._do
Federal land 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. E.)
do
Time loans, 90 days (N. Y. S. E.)
do
Yield on U. S. Govt. securities:
3-month bills
do
^.5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of doL.
TJ S postal savings
do
CONSUMER
CREDIT (Short- and
mediate-Term)
54, 176
53,708
52, 820
53, 395
53, 059
52, 814
54, 692
54. 376
50,217
55, 588
53,913
;
51,812
52, 785
3,828
3,934
17, 698
54, 608
4,241
1,426
17, 792
54, 185
4,041
1,356
17, 917
54,263
3,975
2,469
18, 068
54, 082
3, 730
5, 292
18, 085
53, 699
3, 834
4,639
18. 093
54, 639
3,711
4,434
18, 253
55, 965
3,612
2,346
18, 426
55. 727
3, 085
3. 410
18.383
57,817
3, 903
2, 594
18.718
55. 831
4,093
2, 275
18, 779
54, 791
3,908 :
2,424 '
18, 917
52, 824
4. 23?
3, 8&19.050
16, 726
777
11, 983
37, 180
16, 799
803
11, 382
36, 864
16, 901
829
11,734
36. 542
17, 052
826
12, 359
36, 896
17, 074
822
11,568
40, 225
17.083
823
12,056
39, 318
17,259
804
12,452
39, 196
17, 374
865
12, 773
39, 244
17,311
882
13.002
40. 25 4
1 7. 590
932
13, 860
40, 282
17,619
970
12, 948
40, 697
17, 734
994
12, 983
40. 133
17,771
1 , 087
13.017
38 738
29,547
1,701
2,115
19, 881
5,850
7,633
39,647
23,269
1,561
29, 249
1, 583
2,038
19, 857
5, 771
7,615
39, 437
23, 133
1, 540
29, 144
2,043
1, 850
19, 599
5, 652
7,398
39, 439
22, 690
1, 547
29,501
2,514
2,090
19, 356
5, 541
7, 395
39, 649
22, 585
1,719
32, 705
2, 855
4, 985
19, 425
5. 440
7,520
39, 381
22, 643
1,830
31,797
2,289
4, 705
19, 436
5,367
7,521
40, 067
22, 965
1,850
31, 663
2,317
5, 522
17, 250
6,574
7,533
39, 705
23, 103
1,763
31,795
2,388
5, 502
17, 251
0, 054
7,449
40, 294
23, 301
1.663
32, 792
2.394
5. 399
18,541
0. 458
7. 402
40, 208
23. 134
1.877
32. 800
2, 569
5. 303
18, 517
6, 411
7,482
41, 020
23. 380
2,248
32, 989
2,517
4,764
18,952
6,756
7,708
39, 963
22, 638
2,180
32. 292
2, 084
4.097
21,313
4,798
7,841
39, 401
22, 407
1,907
30, 850
2,076
2 737
21, 388
4,649
7,888
39, 317
22,763
1,758
808
6, 176
777
7,665
789
6, 214
611
7,760
779
6, 257
930
7,847
755
6,302
948
7,960
763
6,326
446
7,992
732
6, 365
762
8,010
726
6,397
402
7, 935
724
6,438
806
7.983
748
0. 449
703
7. 978
868
G. 481
040
8.019
826
6, 486
541
7,924
811
6. 478
679
7. 754
847
0, 522
241
7, 825
2.00
2.97
4.17
2.72
4.17
3,73
3. 52
3.71
4.05
2.00
2.74
4. 17
2.00
2.79
4.17
2.00
2.86
4.17
3.74
3.52
3.71
4.10
2.00
2.93
4.17
1,88
2.44
2.90
2.80
1.88
2.68
3.22
3.10
1.88
2.75
3. 25
3.13
1.88
2.75
3.25
3.13
1.88
2.75
3.25
3.13
1.88
2.74
3.25
3.13
2. 082
2. 46
2.177
2. 61
2.200
2.86
2. 231
2.92
2.101
2.72
2.088
2.77
13, 550
2?510
13, 626
2,496
13, 702
2,477
13, 841
2,458
13,881
2,438
25, 946
19,391
8, 799
5, 217
1,416
3,959
26, 455
19, 767
9,111
5, 217
1, 435
4,004
27, 056
20,213
9,432
5, 272
1,462
4.047
27,411
20, 635
9, 092
5, 333
1, 493
4,117
16. 380
8, 059
5,174
880
2,267
3,011
974
812
336
889
16, 800
8,286
5, 312
906
2, 296
2, 967
925
807
348
887
17, 222
8,491
5.480
928
2, 323
2, 991
933
809
362
887
6, 555
2,211
2, 613
1,731
6, 688
2,246
2, 682
1, 760
2, 211
2, 613
1,731
3.54
3,31
3.50
3.90
2.00
2.72
4.17
2.66
2.72
4. 17
1.88
2.36
2,63
2,63
2.97
4. 17
3 70
3 51
3 79
4 10
2.00
2.97
4.17
2.00
2.97
4.17
1.75
2.50
4. 17
3 72
3 50
3 74
4 03
1.75
2.50
4.17
1.88
2.55
3.25
3. 13
1.88
2.32
3. 25
3.13
1.88
2.25
3. 25
3.13
1.88
2.13
3.25
3.13
1.69
2.00
3.25
3. 13
1.48
2.00
3.13
2.98
1.876
2.69
1.402
2.36
1.427
2. 30
1. 030
2 22
1.214
'2.04
.984
1.84
1.05a
1 80
13, 920
2,419
14,014
2,402
14, 056
2,388
14. 141
2,374
14.341
2. 300
14, 442
» 2, 344
14. 500
p 2, 320
14,051
"2, 311
27, 581
21,004
9, 973
5, 351
1,516
4,164
27, 810
21,218
10, 136
5, 362
1,534
4. 186
27, 979
21, 347
10, 232
5, 352
1,562
4,201
28, 100
21,480
10, 337
5, 300
1,585
4,198
28, 252
21. 586
10.358
5. 400
1,604
4, 218
28, 890
21.807
10. 289
5. 605
1,600
4. 307
28, 125
21,444
10, 084
5,495
1,587
4,278
27, 478
21, 151
9, 915
5, 377
1, 570
4,289
27,151
20 900
9,800
5,220
1, 554
4, 320
17, 621
8,675
5,633
962
2,351
3,014
937
812
373
892
18, 000
8,818
5,816
988
2,378
3, 004
923
812
386
883
18,205
8,879
5, 924
1,009
2, 393
3, 013
931
813
396
873
18,328
8,893
6,005
1, 029
2.401
3,019
943
811
399
866
18, 439
8,908
6,093
1,041
2, 397
3,047
957
812
406
872
18,495
8.881
6. 147
1.050
2.417
3, 091
983
820
408
874
18.534
S,850
6. 147
1,064
2,407
3, 273
1.068
866
407
932
18, 276
8; 723
6,062
1,043
2,448
3,168
],031
836
400
901
17, 999
8, 534
5, 974
1, 055
2, 430
3, 152
1, 094
814
393
851
17,845
8 452
5,892
1,074
2,427
3, 055
1,056
795
388
816
6, 843
2,294
2, 763
I, 786
6,776
2, 197
2 781
1,798
6. 577
2,079
2,705
1, 793
6,592
2,131
2,668
1,793
6, 632
2, 130
2,716
1,780
6,680
2,131
2,811
1,738
0, 006
2,100
2,840
1,720
7. 089
2, 127
3, 249
1 . 71 3
6, 681
2, 083
2,893
1,705
6,327
2,054
2,550
1,723
6 251
2' 073
2 438
1 740
2, 240
2,682
1, 760
2,294
2,763
1.786
2, 197
2,781
1,798
2,079
2, 705
1,793
2, 131
2. 008
1.793
2,130
2,716
1,786
2,131
2,811
1, 738
2, 100
2, 840
1.720
2, 1 27
3. 249
1.713
2,083
2,893
1 , 705
2, 054
2,550
1, 723
2 073
2' 438
1 740
2, 713
1,281
657
775
2, 304
962
048
694
2, 605
1, 258
648
699
2, 229
946
648
635
2, 580
1, 218
658
704
2,134
897
603
6.34
2.670
1, 219
687
764
2,248
959
626
663
2, 602
1,226
622
754
2, 233
945
604
684
2, 430
1,126
019
691
2,222
963
608
051
2, 389
1,089
625
675
2,260
993
635
032
2,486
1,121
668
697
2, 347
1,010
654
677
2,297
974
046
677
2,197
953
600
038
2. 598
947
824
H27
2, 377
1,016
025
730
1,869
750
517
002
2. 232
955
027
050
1.804
770
470
018
2, 157
945
588
024
2 28^
985
540
760
2 536
1 100
' 697
739
2, 713
1, 248
710
755
2, 276
947
644
635
2, 546
1, 168
675
703
2, 232
955
632
045
2.485
1,142
649
094
2. 184
917
610
057
2, 458
1,090
672
090
2. 195
939
022
634
2,498
1,117
662
719
2. 183
921
009
053
2, 358
1,044
021
093
2, 273
907
043
663
2, 409
1, 102
GOO
707
2, 252
962
033
057
2,393
1,117
589
687
2,249
903
033
053
2, 441
1,080
031
730
2, 294
1 . 000
019
009
2, 331
1 . 035
593
703
2. 283
1,015
604
664
2,211
872
001
678
2,301
977
030
088
2, 243
919
?86
738
2, 320
1, 028
012
680 !
2 200
924
566
710
2 412
1 04?
' 667
TO:*
2.66
2.66
T
Inter-
Total outstanding, end of month
mil. of doL.
Instalment credit total t
do
Automobile paper
do.
Other consumer-goods paper
do
Repair and modernization loans
do
Persona.1 loans _
- do
By type of holder:
Financial institutions, total.
do__.
Commercial banks
do
Sales-finance compan ies
do
Credit unions
~ -do
Other
. - - do
Retail outlets, total
do
Department stores _ _ .
do
Furniture stores
- .. do
Automobile dealers
-do
Other
do
Noninstalment credit, total t
do
Single-payment loans
do_. I
C barge accounts
do
Service credit
do
By type of holder:
Financial institutions
_
do
Retail outlets
do
Service credit
do
Instalment credit extended and repaid: 9
Unadjusted:
Extended, total ..
-do
Automobile paper
do
Other consumer-goods paper . . . .
_do _ .
All other
do
Repaid, total
do._
Automobile paper
do
Other consumer-goods paper
_
do
All other do...
Adjusted:
Extended, total
_. _
do
Automobile paper .. do
Other consumer-goods paper
do
All other
do
Repaid, total ___ _._ ._
._ .-do .-.
Automobile paper
do
Other consumer-goods paper..
do .
All other
do
r
51,802
Revised.
*> Preliminary.
t Revised beginning 1952 to expand the coverage of the series by making a net addition of S banks. Revisions for January-May 1952 will be shown later.
cTFor bond yields see p. S-19.
fData beginning 1952 have been revised in accordance with recent benchmark materials; revisions tor January-SeDtember 1952 will be shown later.
9 For ^ description of these new data and for figures prior to February 1953, see the January and March 1954 issues of the F E D E R A L R E S E K V K B U L L E T I N .
SURVEY OF CURRENT BUSINESS
May 1054
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-17
1954
1953
March
April
May
June
August
July
Septem-
ber
October
Novem-
2,894
2,645
5, 144
4,605
ber
Decem-
ber
January
Febru-
ary
March
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures: §
Receipts total
Receipts, net 9
Customs
Income and employment taxes
Miscellaneous internal revenue
All other receipts
Pxpenditures total 9
Interest on public debt
Veteran? Administration
National defense and related activities
\11 other expenditures
56
10, 719
993
102
6,187
do
do
do
do
do
Public debt and guaranteed obligations:
Oross debt (direct), end of month, total
do
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. Ravings bonds:
Amount outstanding, end of month
do
Pales series E through K
do
Redemptions
- do
Government corporations and credit agencies:
Assets, except interagency, total
mil. of dol_.
T oans receivable total (le^s reserves)
do
To aid agriculture
do
To aid home owners
do
Korei^n loans
do
\ll other
do ..Commodities supplies and materials
do
TJ <»5 Government securities
do
Other securities and investments
do
Land structures and equipment
do
\11 other assets
do
I iabilities except interagency, total
Bonds notes and debentures
Other liabilities
Privately owned interest
II S Government 1-nterest
11, 870
10, 502
mil of dol
do
do
do
do
do
563
364
4, 044
2,849
54
3,021
880
90
6, 362
372
351
5,140
4,380
51
3,998
922
169
6, 241
179
350
10, 323
9,744
51
9,179
939
155
7,988
1,882
3,619
3, 293
52
2,395
937
235
6 052
349
237
369
5, 153
4, 475
47
4,011
955
140
5 948
206
351
6,402
5, 988
50
5, 218
981
152
6 066
51
47
4 619
4, 458
39
i 6 468
5, 4-14
13,013
11,434
48
5 403
5, 132
41
44
1,698
1,019
3,947
4,133
3, 538
5,408
11,865
125
968
182
860
159
954
149
5,462
5 333
6 336
1 294
5 058
i 4 707
'372
5 555
345
588
340
3, 991
4,627
560
327
354
340
164
349
919
304
749
293
245
343
376
3,789
1,471
3,891
1,749
3, 746
1,966
4,056
1,701
3,890
1, 556
3, 519
1.873
3, 787
1,392
3,647
1,121
3,540
1,280
3, 465
1.201
264, 485
262, 380
223, 025
39, 354
2,105
264, 590
262, 550
223, 077
39, 474
2,040
266, 520
264, 445
224. 735
39, 710
2,075
266, 071
263, 946
223, 408
40, 538
2, 125
272, 669
270 603
230, 009
40 594
2, 066
273, 206
271, 145
230, 157
40 988
2,061
272, 937
270, 744
229, 785
40 958
2,193
273, 386
271, 291
230, 403
40, 888
2,095
275, 209
273 128
232, 115
41 013
2 081
275, 168
272 881
231 684
41 197
2 287
51
52
52
52
63
63
64
66
74
76
75
77
77
58, 509
382
58, 014
371
57, 977
370
57, 962
402
57, 940
371
57, 882
368
57, 860
384
57. 889
368
57, 934
423
57, 918
561
57, 960
515
58, 050
602
58, 468
440
430
do
do
do
do
do
426
968
542
541
480
514
30, 564
18, 089
5, 671
2,777
7,713
2,088
1, 259
2,645
3,427
3,240
1,904
36. 153
1 7, 637
4,997
2 914
7,798
2, 154
2, 201
2 588
3, 430
7, 867
2 430
37, 141
18,502
5, 512
2 986
8,010
2,246
2, 259
2 586
3, 4*>9
3, 224
1. 155
2,069
3,162
1,182
1 979
3 381
1. 306
2 075
26, 938
,H2 576
33 335
401
489
438
514
7,911
2 454
415
3, 001
1,468 }
274
272
231
41
2
849
632
623
009
216
704
274 782
272 536
23 1' 466
41 070
2 246
560
270
267
226
41
2
235
823
821
002
412
*W
—-
424
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total
mil. °f 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-.Ca°h
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 t
mil of dol
Group and wholesale}
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
thotis. of dol. _
Death benefits
do
Matured endowments. _
-...do
Disability payments
do
Annuity payments
-do
Surrender values
do
Policy dividends
do
Life Insurance Association of America:}
Premium income (39 cos.), total
do
Accident and health
do
Annuities
_ ..
do
Group
do
Industrial
. ._
do_. _
Ordinary
_
do.....
74, 295
66, 598
74, 686
67, 035
75, 063
67, 330
75, 403
67, 698
75, 855
68. 105
76, 244
68, 337
76, 612
68, 709
77, 121
69, 124
77, 552
69. 478
78, 201
69, 992
78, 866
70, 544
79, 251
70, 884
79,649
71,238
65, 367
40, 779
' 10, 790
8,711
' 11,660
3,403
'14,926
65, 686
41,011
10.816
8, 734
11.708
3,412
15, 075
65, 997
41. 123
10, 692
8, 726
11, 760
3, 412
15, 259
66, 262
41, 277
10, 602
8,676
11,827
3,412
15,436
66, 621
41,451
10, 564
8, 634
11,897
3,418
1 5, 572
66, 944
41,531
10, 565
8,634
11,952
3, 423
15,591
67, 294
41,739
10, 527
8, 585
12,043
?,429
15,740
67, 685
41, 976
10, 517
8, 566
12, 132
3,451
15,875
68. 046
42. 120
10, 476
8,480
12, 213
3,461
15. 971
68, 587
42, 317
10, 435
8,427
12, 295
3 484
16, 102
68, 989
42, 607
10.509
8,407
1 2. 325
3, 505
16,267
69, 337
42, 801
10, 541
8,414
12, 447
3, 507
16, 307
69, 652
42, 942
10. 461
8,306
12, 548
3, 499
16,433
r
751
18, 038
1,
542
r
16, 497
2,
329
r
1,670
r
1,801
711
759
18. 444
1, 599
16,845
2, 365
1,702
1.767
789
776
777
18,619
1,615
17, 004
2,374
1,707
1,743
18,716
1,628
17, 087
2, 387
1,726
1,795
776
911
889
790
18, 306
1, 584
16, 722
2, 351
1,694
1, 763
726
793
18, 182
1, 564
16,618
2, 341
1,687
1, 755
18.818
1,638
17,180
2,402
1 732
1.827
18, 950
1,648
17,302
2,413
1,745
1,824
19, 098
1,654
17, 444
2, 425
1 752
1,875
19,321
1 666
1 7, 655
2 436
1 740
1 S62
19,410
1 , 674
17,736
2 447
I 769
1 868
19, 525
1,685
17, 840
2,460
1,778
1,980
19, 689
1 , 697
17,992
2,480
1,792
1.959
8, 41 1
3, 269
3. 136
3,243
2,934
2 867
2 772
2,880
3 055
3 782
1 105
2 5()4
2,784
450
432
437
537
3, 427
477
2 200
1 712
1,810
122
418
375
143
180
72
153
59
191
124
439
402
151
195
75
168
60
197
2,330
461, 416
196,916
49, 479
M), 241
38, 682
79, 293
86, 805
722, 082
87 704
89,843
66 055
85 132
393. 348
r
r
r
657
583
2, 171
141
519
460
174
245
91
200
78
250
677
543
2,049
137
487
444
171
241
91
191
75
237
518
608
2,010
131
483
427
165
237
82
178
73
226
707
600
543
2, 100
138
484
449
172
247
85
195
72
242
477
499
1,958
126
460
436
172
233
83
176
68
232
504
526
1,837
477
519
1.776
407
562
1,911
116
395
398
155
222
78
170
68
221
219
84
164
69
209
128
431
424
160
237
85
170
72
234
110
371
383
1 53
550
549
1,956
128
450
426
156
233
83
177
67
144
490
467
189
263
88
197
86
299
'?00
410, 421
182, 781
40, 384
9,479
35, 193
63, 630
78, 954
365, 145
164, 114
36, 314
8,867
35, 049
58, 826
61,975
355, 232
158, 288
37, 168
8, 834
35, 339
57. 485
58, 118
383, 861
169, 925
39, 094
8, 733
34, 018
60, 133
71. 958
361, 977
162, 438
36, 873
9, 265
33, 908
57 780
61,713
345, 385
157,326
35,611
7,982
33, 904
55, 733
54, 829
383, 180
167, 530
37, 155
8 683
33, 477
54 548
81 ' 787
359, 570
155, 700
40, 792
8,678
33, 732
60, 153
60, 515
352. 150
152 387
39, 862
8 717
35 971
58 376
56 837
481,224
191, 711
49, 345
9 495
37 426
64 579
128 668
437, 531
179 7Qg
50, 744
10 24*^
49 115
89 160
374, 908
163.906
•40, 856
8, 573
35, 062
62 8?5
63, 686
682, 325
77, 672
94, 784
58, 168
84, 593
367. 108
637, 446
91 , 380
87, 337
60, 022
68, 094
330. 613
574, 765
78, 104
65, 634
48, 224
68, 740
314.063
633 799
76. 143
61 . 039
56. 380
83, 828
356. 403
619,800
81,653
91 , 674
60, 744
69, 080
316.649
581 , 965
73 494
70, 363
53 064
69, 463
315. 581
640. 679
83 104
72. 779
55 502
81.955
347.339
602, 574
79 316
83, 589
52 442
69, 001
318.226
627, 683
84 481
80 719
56 284
77 031
329. 168
942
96
204
71
118
450.
669, 865
88, 698
101,219
77,237
90, 155
312,556
639, 410
82 273
86, 309
57 444
70 623
342. 761
298
825
911
221
852
489
513
584
155
538
505
201
261
96
216
84
274
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Mav 1054
1954
1953
March
April
May
June
July
September
October
November
December
22, 178
-78,800
1,881
1, 754
66, 000
40, 400
11, 500
6,200
22, 128
-55,000
10, 100
10, 039
65, 700
39, 800
11,700
6,200
22, 077
-72, 500
3,752
4,306
22, 028
-35, 100
2,668
2,114
22, 030
-21, 200
3,526
2,081
40, 500
10, 000
6,800
39, 900
9,500
6,200
August
February
March
21 956
-43, 300
7,074
1 555
21 958
—9, 900
303
1,930
21 965
-2,000
389
9 397
40, 300
9,600
6,100
40 800
10 300
5,100
4,900
5 400
128
5 618
853
182
6 326
853
January
FINANCE—Continued
MONETARY STATISTICS
Gold and silver:
Gold:
22, 563
Monetary stock U S
mil. of dol _
Net release from earmark§
thous. of dol__ -106, 500
4,262
Exports
_
do__ _
7,746
Imports
do
65, 200
Production, reported monthly total
do
39, 300
Africa
do
13, 300
Canada
do
5,200
United States
_
do
Silver:
144
Exports
_
do
13, 886
Imports
do
.853
Price at New York
dol. perfineo z _ _
Production:
2,458
Canada
thous. of fine oz_.
4,394
Mexico
do
3,175
United States
..do
Money supply: . , .
- 1 * ^ 1
29, 754
Currencv in circulation
mil 01 dol
200, 600
Deposits and currency total
.do
2,400
Foreign banks deposits, net
_ __
do
7,100
U S Government balances ..
___do
191, 000
Deposits (adjusted) and currency, total do
97, 400
Demand deposits, adjusted ._
do
66, 800
Time deposits
do_
26, 900
Currency outside banks
do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:f
37.1
New York City .. _ .ratio of debits to deposits..
28.7
6 other centers 9
&®
19.4
338 other reporting centers
do
22, 562
-16,800
2,704
9, 685
64, 200
38, 900
12, 900
5,200
22, 537
22, 463
22, 277
-48, 900 -68, 500 -171,700
1,835
3,654
2,747
1,874
1,690
2,255
65, 500
64, 700
67,000
39, 400
38, 800
40. 600
12, 900
12, 700
12, 900
6,100
6,000
6,800
883
6,285
.853
230
5,364
.853
3,578
11, 296
.853
307
6,548
.853
324
6,243
.853
403
11, 873
.853
253
6,497
.853
198
5, 091
. 853
282
3, 870
.$53
314
4 412
853
3,077
1,984
3,018
2,520
4,850
2,823
2,539
2,605
1, 909
2,254
3,063
2,525
2,029
2, 752
2,652
2,067
6,045
2,301
2,098
2,514
3,558
2,143
5,077
2,511
2, 331
6,678
3,751
2 414
4 065
3 372
3 163
29, 843
199, 100
2,400
4,600
192, 200
98,000
67, 200
27, 000
29, 951
199, 100
2,400
4,600
192, 100
97, 500
67, 600
27, 000
30 807
30 398
p205 400 p 206 800
p 2, 400
P 2, 400
p7,000
P 5, 700
P197 300 p 197, 400
p 100, 300 p 100, 200
p 69 600 p 69. 300
P 27, 400 p 27, 900
30 781
P209 000
P 2 400
P 5, 300
P201 300
pl03 300
P 70 100
P 27, 800
2Q 9&1
9Q QO4
35.4
26.7
18.4
35.6
26.2
18.8
38.4
26.4
20.2
43.1
26.8
19. 7
30 125
30 120
200 360 p205 100
2, 467
P 2, 500
5,333
v 9, 600
192, 560 p 193 000
96, 898 p 97, 400
68, 293 p 68 400
27, 369 P 27 200
38.9
26.5
19.2
36.0
25.7
19 2
30 275
30 248
P204 800 p 204 900
p 2, 400
P 2, 500
p 9, 000
P 8, 100
pl93 400 pl94 300
p 97, 500 P 97, 700
p 68 700 P 69 100
p 27, 300 p 27, 500
32.2
23.6
17 8
40.2
25.9
19 3
35.8
23.9
18.4
p 20(3
P2
P4
P 199
P 102
p 70
P 27
700
400
400
900
400
500
000
42.7
24.1
18.5
P 206 200
p 9 QOO
p 5 800
P 1 Q7 AOC\
•p 99 600
v 71 ' nnn
p 26 900
42.7
' 25. 5
19.0
44 6
27 6
19 5
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC) :*
Net profit after taxes all industries mil. of dol._
Food and kindred products
do_
Textile-mill products
-do. _.
Lumber and wood products (except furniture)
mil. of dol__
Paper and allied products
__ _
do.
Chemicals and allied products
do
Petroleum refining
do
Stone clay, and glass products
do
Primary nonferrous metal
_ do_
Primary iron and steel
_
do
Fabricated metal products (except ordnance,
machinery, and transportation equipment)
mil of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles etc )
mil of dol
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash) all industries
do
Electric utilities, net profit after taxes (Fed. Res.)
mil of dol
Railways and telephone cos. (see p. S-23).
2,847
186
93
3,031
219
83
2 871
275
77
46
116
279
488
77
127
228
61
113
284
520
127
124
243
47
116
252
545
121
104
236
2, 591
190
33
24
105
238
624
80
109
205
118
262
194
140
278
165
142
210
159
103
184
163
69
269
298
1,267
85
272
316
1 287
68
236
282
1 244
80
233
218
1,796
288
246
233
P266
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
2,324
1,069
i i 442
1 041
898
capital and refunding)
mil of dol
1 538
1 111
1 626
644
1 210
i i 344
942
I 323
2,219
939
1 033
783
New capital total
do
1 491
1 142
497
2,161
899
927
762
974
l' 287
1 465
Domestic total
do
1 141
495
1 266
1,388
480
421
588
358
Corporate
do
597
1 057
239
705
584
o
0
o
0
15
45
16
76
99
Federal agencies
do
30
773
420
323
477
393
404
645
255
Municipal State etc
do
462
527
1
3
58
8
40
25
22
15
36
59
Foreign
do
106
129
135
99
215
115
69
78
Refunding total
do
146
98
129
106
99
215
135
78
115
69
146
98
Domestic total
do
11
11
3
6
36
2
37
7
24
16
Corporate
do
62
105
79
65
67
198
88
140
94
56
Federal agencies
do
3
4
2
8
2
2
2
24
18
19
Municipal State etc
do
Securities and Exchange'Commission:f
r
1,913
'4,613
' 3, 066
' 1, 635
1, 676
1,928
' 1, 453 ' 2, 599 ' 2, 291 ' 3, 506 ' 2, 736 ' 1, 655 ' 1, 386
Estimated gross proceeds total
do
By type of security:
r
r
1,699
1,457
' 4, 367 ' 2, 877
'1,381
1, 517
Bonds and notes, total.
do
'1,815
' 2, 507 ' 2, 064 ' 3, 400 ' 2, 642 ' 1, 545 '1,297
'366
'462
515
517
'977
'375
'656
'263
'468
Corporate
do
'676
' 353 ' 1, 385
407
'63
144
'164
116
'156
'90
'125
'210
'69
51
65
'48
Common stock
do
82
27
69
62
33
43
82
'20
35
18
31
7
37
44
Preferred stock
do
By type of issuer:
r
'456
726
696
' 1,478
'571
' 714
' 1, 166
815
'336
459
'768
Corporate total
do_
'603
'520
r
r
r 135
'53
315
110
'136
'287
'423
201
'48
'111
' 134
Manufacturing
do
' 57
' 101
5
29
3
22
'38
'34
'20
38
32
19
IVTining
do
21
41
367
'272
216
'202
'339
'279
228
'399
98
'362
249
'246
'214
Public utility
do.
9
16
6
32
23
25
30
'60
48
15
25
10
Railroad
do
10
r
r
31
6
7
'38
'7
!6
14
'31
13
611
'27
'21
Communication
do
90
90
'48
'141
'416
'81
162
'96
'124
'12
'43
'246
45
Real estate and
financial
do
r
1,186
'939
861
' 1, 083
'930
3,899
'1,831
' 1, 900
1,689
' 3, 047 ' 1, 258
' 1, 408
'1,117
Noncorporate, total _
do..
602
503
423
491
1,454
561
515
3.244
853
884
1,070
2,610
1,320
U. S. Government
.
do
522
'443
'414
349
'433
483
411
'777
'399
650
522
'476
260
State and municipal
do
l
' Revised.
* Preliminary.
Includes International Bank securities not shown separately.
§Or increase in earmarked gold (—).
t Revised series. Data reflect change in number of reporting banks and centers; figures back to January 1943 will be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*New series. Compiled jointly by the Federal Trade and Securities Exchange Commissions. Data are estimated totals based on reports from all manufacturing corporations registered
with SEC, all nonregistered manufacturing corporations with total assets of $5,000,000 and over at the end of 1949, and a sample of nonregistered manufacturing corporations with total assets
of less than $5,000,000 at the end of 1949. Comparable data beginning with the first quarter of 1951 are available upon request.
^Revisions for 1952-February 1953 will be shown later.
S-19
SUEVEY OF CUEEENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1954
1953
March
May
April
June
July
August
Septem-
October
ber
Novem-
Decem-
January
Febru-
ber
ber
ary
March
FINANCE—Continued
SECURITIES ISSUED—Continued
Securities and Exchange Commission^— Continued
New corporate security issues:
684
Estimated net proceeds, total
mil. of dol. .
Proposed uses of proceeds:
'628
New money, total
_
do
r
439
Plant and equipment
do
r
!89
Working capital
do _
17
Retirement of securities _
do
38
Other purposes - .
do
Proposed uses by major groups:
M99
Manufacturing, total
do__
r
!83
New money
do
7
Retirement of securities
do _ _
21
Mining, total
__
do
New money
do
15
0
Retirement of securities
do
212
Public utility, total
do
r
New money
do
204
2
Retirement of securities
do
32
Railroad, total
.
do
32
New money
do
0
Retirement of securities
do
'16
Communication, total
do
15
New money
do
0
Retirement of securities
do _
••139
Real estate and financial, total
do
New money
_do__
'120
7
Retirement of securities
do
State and municipal issues (Bond Buyer) :
433, 142
Long-term
thous of dol
333, 219
Short-term
_.
do
••802
'697
' 1, 147
r
748
r
r
591
r
463
r
r
r
525
223
23
32
r
309
300
7
3
3
0
223
r
!99
8
24
24
0
13
12
r
o
162
'151
2
127
22
85
' 109
'68
19
36
32
(i)
r
391
r
348
(i)
15
15
0
7
'6
1
'94
r
91
0)
1, 034
r 597
'437
24
89
r
r
283
211
7
31
30
r
o
33l
r 300
17
23
23
0
r
37
r 37
510
'330
'757
'590
451
' 1, 464
'563
'448
713
r
459
r
'270
'691
'423
'268
4
62
'550
r 430
'120
12
28
'406
' 301
' 105
'22
'23
' 1 413
' 531
' 485
'46
' 18
'13
'410
'338
f 72
9
'29
590
473
117
53
70
'132
'93
1
5
3
0
r
242
' 227
1
24
24
0
89
88
(i)
'243
'239
2
' 56
'50
2
38
4
(i)
'356
' 334
5
6
6
0
13
'99
77
'6
18
17
'418
'400
r9
'37
T 34
1
T 200
' 134
' 111
'52
'46
C1)
'18
107
95
364
95
27
24
r
r
133
108
17
19
18
o
r 209
r 206
1
9
9
0
r 20
'412
r
406
0
15
2
'43
'32
3
o
r 161
'109
5
55
'46
'33
2
6
5
(i)
97
r 86
o
9
9
0
'30
29
(i)
'123
r 92
0)
o
245
225
16
10
10
0
5
5
r 11
o
o
'80
' 74
3
r 1 HI
'303
'26
'25
r 184
r 8
'59
' 59
'0
608
608
o
r 16
r
32
r 29
r1
r 276
r 275
rfl
}
48
48
0
' 26
25
r (1)
45
44
0
r 40
'1
'47
'12
r 11
0
o
r 7
29
28
0
362
306
46
16
14
2
30
22
'51
' 40
0
88
54
0
r 17
o
'269
r 258
o
30
23
7
'7
o
o
348, 859
144, 986
650 210
228, 600
443 040
151,384
521 899
172 444
260 063
366 327
475 595
251, 039
482 876
294 113
410 562
190 858
777 141
218 734
399 429
304 473
108
252
185
259
183
281
307
586
254
610
237
689
243
476
262
318
268
371
210
310
158
250
136
244
160
369
1,513
744
966
1,594
738
1,068
1,671
673
1,193
282
1,684
653
1,216
1 664
651
1 161
1 682
641
1 182
1 624
674
1,070
1 641
672
1 098
1 654
682
1 127
1 690
741
1 108
1 688
768
1 062
1 716
787
1 051
06.57
96.99
74 95
95.46
95.84
75 27
94.42
94 79
74 88
95.30
95 69
74 62
95.82
96 22
74 44
95.58
95 96
74 79
96.74
97 18
75 25
97.59
98 03
75 70
97.30
97 72
98.32
98 74
76 30
99 32
99' 74
77 1 7
100. 28
100 68
77 49
100. 64
101 04
78 34
113.4
121.6
94.31
111.7
121.5
93.25
109.8
119.4
91 59
108.8
115.1
91 56
110. 7
115.1
92 98
111.4
116.9
92 89
110.9
116.9
93 40
112.5
119.7
95 28
113.6
121.4
94 98
113.5
122.3
95 85
114.6
123.6
97 42
116.5
125.4
98 62
117.9
125.6
99 87
76, 726
90 067
71, 709
88 128
61, 993
72 496
69, 942
83 260
56, 270
64 949
46, 982
54 677
53, 136
61 895
62, 397
77 n*}^
48, 741
87, 702
79, 128
80, 088
74, 547
85 245
69 691
83 115
60 227
69 753
68 208
80 340
54 572
62 723
45 364
51 954
60 238
60 529
74 607
47 4*}^
oc 99fv
Q4 ftfi^
74, 757
1
74, 756
65, 013
9,650
76, 976
0
76, 976
64 778
12 002
62, 085
34
62, 051
54 611
7 372
68, 751
55, 874
o
47, 574
o
56, 308
55, 874
48 477
7 293
47, 574
41 087
6 455
56, 308
49 468
6 795
64, 037
g
64, 029
57 153
6 727
59, 622
68, 751
60 659
8 024
59, 622
53 034
69, 272
1
69, 271
a 400
6 8A1
99, 535
97 638
1,425
103, 066
100, 665
1,901
98, 562
96 662
l'429
103, 251
100 853
1 899
98, 985
97 094
1 421
104, 830
102 432
1 898
99, 454
97 576
1 411
104, 357
101 966
1 891
100, 279
98 419
1 390
104, 651
102 284
1 867
100, 010
93, 472
91 599
l' 400
96, 620
94 259
l' 861
94, 572
96, 506
99, 828
1 406
96,-904
1 40fi
99, 184
101, 539
1 858
1 R^fi
1 849
' 414 306 521 900
' 438 195 263 026
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil. ofbu-do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks.
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
mil. of doL.
do
do
_do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total§
„_
.dollarsDomestic
_.
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
Composite (17 bonds)
dol. per $100 bond..
Domestic municipal (15 bonds)
do
U. S. Treasury bonds, taxable
.do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
thous. of dol__
Face value
_
do
New York Stock Exchange:
Market value
_ _
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total§._thous. of dol__
U. S. Government.. _
_
do
Other than U. S. Government, total §-__.. do
Domestic
_
do
Foreign.do
Value, issues listed on N. Y. S. E.:
Market value, total, all issues§
mil. of dol__
Domestic
do
Foreign. __
do
Face value, total, all issues§
do
Domestic
do
Foreign.
.
do
Yields:
Domestic corporate (Moody's)
percent..
By ratings:
Aaa._
_ do
Aa
do
A
do
Baa
do
By groups:
Industrial.-.
_ _.
do
Public utility..
_
do
Railroad
__ _ _ do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds)
do
U. S. Treasury bonds, taxable
do___~
o
KO
OO7
Qft 1 49
1 395
104, 634
102 269
l' 865
o
Q9 fi1 3
Q4 471
<7K
70
K(\ QQA
o
' 297
1 694
709
1 170
Q7 07S
3.31
3.40
3.53
3.61
3.55
3.51
3.54
3.45
3.38
3.39
3.12
3 18
3 36
3 57
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3 29
3 43
3 KR
3 88
3 16
3 qq
3 47
3 00
3q 11
97
31 °
3 16
3 33
3 43
3 27
3 44
3 51
3 39
3 57
3 63
3 48
3 62
3 73
3 42
3 56
3 67
3 24
3 39
3 ec
3 85
3 07
3 54
3* 61
3 KO
3 65
3
2.65
2.61
2.89
2.68
2.63
2.97
2.81
2.73
3.09
3.04
2.99
3.09
2.92
2.99
2.99
2.92
2.89
3.00
2.82
2.88
2.97
2.69
2.72
2.83 i
23
29
44
65
34
41
58
78
40
50
67
86
28
42
62
86
q on
q qq
q Af>
KC
86, 352
79, 181
75, 856
c
75, 850
79, 181
101, 246
107, 646
107, 976
101, 936
107, 346
107, 286
3.34
3.23
3.14
o
86, 352
72 247
3. 16
qo
3. 23
3. 12
3. 23
3.05
3. 14
3. 24
2.46
2.50
2.68
2.39
2.39
2.60
2.44
2.38
2.51
R-1
2.60
2.62
2.85 1
4QQ
QI 990
77 ftQQ
3 4fl
3 7K
3
3
83, 039
Q9
2.58
2.59
2.79
' Revised.
* Preliminary
i Less than $500,000.
{Revisions for 1952-February 1953 will be shown later.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of
all listed bonds.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May 1054
1953
March
April
May
June
July
1954
August
September
October
November
December
January
689. 5
134 7
239. 8
R 3
February
March
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. of dol_. '1,236.2
81.4
Finance
do
821.9
Manufacturingdo
86.9
Mining
do _ Public utilities:
"•32.0
Communications
_
_
do
r
93.0
Heat light, and power
do
Railroad
do
57.7
40.3
Trade
do
Miscellaneous
-do
' 23.0
Dividend rates, prices, yields, and earnings,
common stocks (Moody 's):
Dividends per share, annual rate (200 stocks)
dollars _ .
3.96
Industrial (125 stocks)
do
4.16
1.95
Public utility (24 stocks)
.do
Railroad (25 stocks)
do
3 01
2 82
Bank (15 stocks)
do
Insurance (10 stocks)
do
3.07
561.2
103.5
190.1
7.3
221.5
49.0
100.4
2.6
' 1, 234. 7
87.6
802.2
87.3
576. 0
137.0
200.6
5.6
220.9
52.0
88.0
2.5
1,235.3
86.4
796.1
86.2
553. 3
100.1
205. 9
6 9
232.4
52 5
102 0
2 5
1,715.2
170 6
1,081.7
141 3
105.0
63.8
30.6
50.1
10.8
1.0
51 8
3.1
7 6
6.0
' 36.2
94.6
56.4
49 0
21.4
104.3
66.3
14.1
39.2
8.9
1.0
55.4
10.0
7.6
4. 4
51.8
94.7
49.3
50.8
19.9
104.0
65.9
17.4
41 8
11.3
1.1
57.0
2.9
7.8
6.4
43.7
100.3
87.4
48 8
41.4
3.97
4.17
1.96
3 01
2 82
3.09
3.98
4.17
1.98
3 01
2 82
3.09
3.97
4.16
2.01
3 03
2 82
3. 09
3.98
4.15
2.01
3 09
2 82
3.10
3.99
4.16
2.07
3 11
2 82
3.10
3.98
4.15
2.07
3 11
2 82
3.10
4.06
4.25
2.07
3 13
2 83
3.12
4.08
4.26
2.09
3.21
2.87
3.16
74. 13
77.64
37.81
49.56
72. 35
75.56
36.96
48 48
72.24
75.45
37.08
48.97
71.14
74.28
36. 02
48 40
72.87
76.24
36.81
49.03
69. 34
71.85
37.16
44.39
69.51
72.09
37.20
43.61
72. 59
75. 90
38. 59
45. 18
73.79
76.97
39.70
45. 56
Yield (200 stocks)
percent-5.34
Industrial (125 stocks)
do
5.36
Public utility (24 stocks)
_. .. do.
5.16
Railroad (25 stocks)
do
6.07
"Rank (15 stocks)
_
do
4.33
Insurance (10 stocks)
do
3 29
Earnings per share (at annual rate), quarterly:
7.26
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
2 70
f
Railroad (25 'stocks)
do
6. 75
Dividend yields, preferred stocks, 11 high-grade
4.23
(Standard and Poor's Corp.)
percent-Prices:
Dow -Jones & Co., Inc. (65 stocks)-dol. per share. . 112.41
Industrial (30 stocks)
do
286 79
Public utility (15 stocks)
do
63. 19
Railroad (20 stocks)
do
110 24
Standard and Poor's Corporation:
Industrial, public utility, and railroad:§
198.0
Combined index (480 stocks) _ . .1935-39 = 100..
Industrial, total (420 stocks)
do
214 5
Capital goods (129 stocks)-. ._ _ do. .
199.8
Consumers' goods (195 stocks)
do____
185.3
Public utility (40 stocks) ... ... . do
124.9
184 5
Railroad (20 stocks)
do
128.1
Banks, N. Y. C. (16 stocks)..
do
Fire and marine insurance (17 stocks).- do.. .
223. 9
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
1 , 906
Market value
mil. of dol
Shares sold
thousands..
75, 473
On New York Stock Exchange:
1,616
Market value .
mil. of dol .
Shares sold
.thousands 51,812
Exclusive of odd lot and stopped sales
42, 472
(N. Y. Times)
thousands..
Shares listed, New York Stock Exchange:
118,223
Market value all listed share^
mil of dol
2,819
Number of shares listed
milli >ns
5.49
5.52
5.30
6 21
4.49
3 41
5.51
5.53
5.34
6.15
4.60
3 41
5.58
5.60
5.58
6 26
4.64
3 50
5. 46
5.44
5.46
6.30
4.59
3. 40
5. 75
5.79
5. 57
7.01
4.55
3.46
5.73
5.76
5.56
7.13
4.53
3.40
5. 59
5.60
5.36
6. 93
4. 45
3. 35
5. 53
5. 53
5.26
7. 05
4.28
3.32
Price per share, end of month (200 stocks)..do
Industrial (125 stocks)
do
Public utility (24 stocks)
_
do
Railroad (25 stocks)
do
7 76
2 79
* 8 31
r
244.1
68 9
84 2
19
1,274.5
78.7
833. 1
93. t*
4
0
3
3
6
11
56 9
10 1
17 0
4 o
39.4
102. 3
60.0
43.8
23.2
4.08
4.27
2.09
3 21
2.97
3. 26
4.11
4 30
2.09
3 25
3 01
3. 26
4.14
4 34
2.11
3 21
3 01
3.28
4.14
4.34
2.13
3 11
3 01
3.37
73. 50
77. 06
39. 61
43. 18
77.11
81 37
40 87
46 58
77. 85
81 98
41 42
46 80
80. 56
85. 53
42. 56
5.32
5 29
5 09
6 02
4 77
3 08
5. 14
5 07
5.00
6 70'
4 81
3 17
104
68
32
92
9
n. 33
5 28
5 11
h 98
\ 72
3 °0
5. 54
5.28
7.43
4.61
3 20
' 8. 08
2.78
' 8. 76
7.76
2 85
8. 49
46. 4(>
7.80
2 82
3 21
4.33
4.38
4.47
4.37
4.30
4.30
4.19
4.15
4. 20
4. 15
4.08
4.04
107. 52
275. 28
51. 59
104. 05
108. 07
276. 84
50. 97
105. 58
104.42
266 88
48.66
103 09
106. 08
270. 32
49.03
105. 68
106. 21
272. 21
50. 40
103. 12
100. 98
261. 90
49.16
94.46
103. 58
270. 73
50. 53
95. 44
105. 82
277 10
51. 57
qy 93
106. 74
281.15
52. 54
96. 37
103.86
2X0 64
53. 33
98 17
111.55
292 13
5139
102 44
113.11
'?99 lo
.55. 64
101 38
190.0
205. 5
191. 8
177.8
121.5
173.3
122.3
216.0
189.0
205. 2
192. 3
177.6
120.8
174.2
121.3
214.1
182.8
197. 5
183. 7
170.7
117.2
169. 3
115.3
205. 1
IS 5. 5
200. ]
185.9
171.7
119.2
173. 7
117.fi
208. 5
187. 3
202. 1
188. 1
172.8
121. 1
170 2
121.4
215.7
179.2
192.6
180.2
165. 4
119. 6
156.1
119.6
209.7
183.4
197 2
186.7
168.8
122.2
156.7
1 22. 6
215. 5
187. 5
202,3
192.2
171.0
123.6
158. 5
124.8
225. 6
190. 7
206. 2
197.0
172.9
1 25. 2
156.9
124.3
229.4
195.4
211.9
201.0
177.0
126.7
1 59. 5
122.8
2H8. 0
199. 6
216 5
20 -t 8
178.1
128 8
165 8
121 7
243.7
204. 6
222 9
211 7
180.. §
131.0
165 4
120. 7
248. 1
1, 783
83, 729
1,325
58, 380
1.290
63. 844
1, 073
42. 528
1,119
42, 437
1,248
53, 392
1,170
50, 610
1, 188
52, 290
1,568
65, 081
1,533
04. 873
1 700
60, 104
2 043
75, 234
1,541
64,111
1.129
43. 930
1.106
49. 757
903
28. 809
946
29, 841
1,068
38.011
995
36, 557
1.010
37. 872
1,344
45, 458
1 . 296
•47.313
1,458
43, 4S2
1,751
52 932
r
34, 370
25, 707
26, 075
22. 234
23. S93
27, 1 72
25. 728
26, WA
36. 1.59
:«. 375
33, 295
44, 132
114,862
2, 840
115,371
2, 862
113,306
2,878
1 1 5. 886
2 882
110,750
2,889
1 10, 479
2,892
115,428
2 902
117,478
2, 918
117.257
2; 927
123. mo
2. \m
124 f-'Of.
1°Q 122
2 943
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)*
Exports of goods and services total
Merchandise adjusted
Income on investments abroad
Other services .
mil of dol
do
do
do
Imports of goods and services, total
]yferchandise, adjusted
Income on foreign investments in U S
Other ser vices
Balance on goods and services _
do
do
do
do
.. _. ..do.. .
Unilateral transfers (net), total
Private Government
do
do
do
5, 425
4 256
5, 750
4 508
440
729
450
792
4,929
3.717
439
773
5, 233
3 9.56
570
706
4.286
2,916
101
1,269
3. 992
2,879
124
989
4.037
2,984
111
942
4,313
3, 125
+ 1,388
+1,437
+643
+1,241
— 1, 908
-120
— 1 788
—2. 064
— 122
—1 943
—1,354
128
— 1.226
— 1.358
-117
— 1 241
+67
112
1,076
U. S. long- and short-term capital (net), total do
Private
..
do
Government
do.. .
-209
-219
-4-10
-34
—201
23
-178
— 245
+100
Foreign long- and ^hort-term capital (net)
-4-155
+270
+445
+*>f;:i
+128
+302
4-130
+ 162
+165
-31
do
Increase ( — ) or decrease (-f-) in U. S. gold stock
mil. of dol
Errors and omissions---
do
+608
-29
•
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
September 1953 SURVEY.
227
-19
I Revisions for the first 2 quarters of 1952 appear on p. 12 of the
SUKVEY OF CURKENT BUSINESS
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-21
1954
1953
March
April
May
June
August
July
September
October
November
December
January
February
March
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise :d*
Quantity
1936-38= 100. .
Value
do
Unit value
do
Imports for consumption:^
Quantity
-- do
Value
do
Unit value
do
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
- 1924-29 = 100__
Adjusted
-- do
Total, excluding cotton:
Unadjusted
- do
Adjusted
do
Imports for consumption:
Unadjusted
-do
Adjusted
do
276
566
205
279
567
203
291
591
203
280
564
201
274
553
202
237
482
203
249
511
205
248
508
204
248
506
204
270
550
203
218
443
203
238
479
201
174
484
277
175
486
278
158
434
275
164
451
275
158
435
275
147
407
278
162
453
279
145
401
277
149
409
275
159
437
276
149
411
276
144
398
277
90
105
82
102
77
99
70
96
73
99
73
89
81
67
78
59
87
70
90
73
72
69
82
94
141
167
130
156
113
134
105
131
126
157
115
120
130
107
122
98
135
116
123
108
100
99
107
125
121
108
126
119
104
106
105
113
100
111
91
99
116
119
87
86
99
101
107
106
103
100
95
94
4,663
8,644
6,292
8,942
6, 704
9,282
7,096
9,366
7,018
8,994
6,889
8, 590
6,581
9,187
6,408
8,688
5,776
8, 830
4,887
9, 151
Shipping Weight
Water-borne trade:
Exports incl reexports©
General imports
-
thous. of long tons..
do
r
Valued"
Exports, including reexports, total1---.mil. of dol..
By geographic regions: A
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:A
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Austrnlia including New Guinea.
do
British Malaya do
ChinaO
do
India and Pakistan
do
Japan
-do
Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Germany
__
_ __ do
Italy
do
Union of Soviet Socialist Republics . do
United Kingdom
do
North and South America:
Canada,
do
Latin American Republics, total
do
Argentina
do
Brazil
_ __ _.
do
Chile
do
Colombia
_ ... _
__ do
Cuba..
do
Mexico
- do
Venezuela
do
Exports of U. S. merchandise, total1-.mil. of dol..
By economic classes:
Crude materials
thous. of doL.
Crude foodstuffs
.
do
Manufactured foodstuffs and beverages. _do
Semimanufactures 9
do
Finished manufactures 9
._
do
By principal commodities:
Agricultural products, total
_ . do
Cotton unmanufactured
do
Fruits, vegetables, and preparations. . do
Grains and preparations
__
do
Packing-house products
do
Tobacco and manufactures
_ _ do..
Nonagricultural products, total
Automobiles, parts, and accessories
Chemicals and related products§
Coal and related fuels
._ _
Iron and steel-mill products
_
do..
do
do
do
do
1,389
1,393
1,451
1,383
1,357
1,184
1,254
1,251
1,244
1,349
1,091
1,180
49, 112
185, 744
253, 464
266, 351
132, 947
118,268
44, 430
171,016
250, 396
283, 755
133,384
122,874
44, 791
180, 098
247, 821
294, 820
136, 871
132, 007
36, 880
157, 069
220, 125
291,063
129, 328
129, 102
44, 413
173, 574
197, 874
244, 942
125, 598
••114,647
42, 128
165,318
190, 346
233, 453
108, 546
123, 362
50, 689
191,936
239,015
238, 492
136, 806
132, 871
32, 386
171, 760
243, 996
246, 993
142 480
129 313
37, 917
198, 150
246, 392
224, 566
130 196
133 791
39, 953
231, 508
296, 108
210, 795
146 64q
152 227
36, 195
169,867
218,351
199, 403
131,036
116,841
40, 384
197, 658
245, 441
207 846
129 771
123' 924
4, 739
24, 427
4,454
18, 194
3,958
18, 365
4,000
16, 504
8,234
18,351
10, 191
14, 430
4,428
17,036
3,280
13, 586
4,224
13,41?
2 692
16 053
2, 545
18, 083
2 724
19 390
9, 730
2,505
0
28, 332
50,613
8, 392
3,264
0
10, 806
50, 870
11,086
2, 560
0
12, 898
50, 330
7, 507
2,205
0
14, 801
44, 953
7,121
2,530
0
19,549
51,956
11,827
20, 862
13, 657
2,417
0
27, 976
61,092
8, 327
30, 603
9,277
2 065
0
21 , 969
62, 760
7,533
28, 803
19,015
2 542
0
24 072
75, 263
8, 156
23, 610
18 394
2 996
0
19 845
83, 229
8, 131
33. 300
8,710
1,576
0
10,019
75, 879
6, 876
20, 551
13 046
2 691
0
17 369
83, 167
7, 112
25 808
22 920
31, 759
29 145
0
44 560
27 649
39 292
21 6°5
3
49 820
28, 378
29, 375
39, 177
33,715
9,248
2,982
0
24,185
47, 200
10, 246
27, 767
34, 606
26, 455
24, 560
2
61, 703
26, 685
26, 514
28, 638
0)
53, 552
39, 882
29, 482
27, 844
3
44,112
27, 867
25, 474
23, 860
4
39, 423
18, 351
24, 764
16, 977
5
32, 144
18, 705
23, 266
16, 555
0
34, 364
31,477
26, 890
22, 142
0
60, 461
29, 889
40, 023
16 368
1
50, 781
23 772
33, 368
24 101
2
50 003
30 837
37 905
27 685
1
61 665
266, 349
235, 944
6,265
22, 527
9,072
19, 825
38, 925
54, 201
41,284
1,379
283, 753
237, 722
5, 942
23, 824
6, 506
24, 259
30, 827
52.021
43, 745
1,381
294, 813
251,365
8,214
24, 428
7,118
26, 844
34, 315
48, 045
46, 998
1,441
291,035
244,344
14,177
24,619
7,227
24, 438
32, 025
53, 408
42, 297
1,375
244, 934
226, 247
6,499
20, 265
6, 637
22, 994
37, 276
52,481
41,429
1,349
233, 442
220, 505
9,924
23, 847
7,244
24, 301
27, 585
48, 258
40, 061
1,175
238. 472
256, 548
12,512
29, 088
8,528
24, 571
38, 108
54, 668
37, 446
1,245
246, 985
257, 574
6,617
21,686
11,471
25,560
37,157
65, 339
46,411
1,238
224, 532
250, 198
10,812
24, 792
9 583
24, 841
36, 154
54,172
44, 763
1,234
210, 788
283 025
11 498
33,387
12 933
27, 887
39, 008
63,087
47 883
1,340
199,399
235, 987
9 527
25, 030
5 241
21,221
33, 185
53, 1 59
39 20?
1, 079
207, 840
242 599
7 748
31 347
4 580
22 743
118,308
106, 265
56, 581
116,934
981,309
132, 865
82, 535
53, 798
113.056
998, 878
139, 458
75,511
55, 875
113, 759
1,056,508
127, 507
68, 621
53, 970
112,146
1,012,917
96, 978
82, 121
60, 573
110,630
998, 506
120, 432
73, 443
50, 676
105, 998
824, 689
145, 424
82, 105
55, 525
123, 970
837, 978
152,414
70, 148
60, 607
129, 479
825, 435
159, 762
69, 739
76, 108
127, 476
800, 689
186, 780
55 534
68,016
154,068
874, 642
133, 430
44 835
54, 783
131, 682
714 482
134, 323
53 436
63, 030
141 730
775 785
250, 488
45, 064
20, 176
114, 443
14,318
33, 113
223, 971
38, 396
17, 853
89, 683
15, 561
38, 129
221,811
48, 278
22, 572
77, 033
15,038
30, 657
197, 227
41, 340
23, 677
70, 335
14, 463
24, 930
196, 812
21, 175
20, 617
90,883
14, 795
19, 327
196, 970
35, 154
19, 726
73, 083
14, 735
25, 696
245, 254
37, 165
20, 044
88, 178
15, 525
52, 876
242, 957
40, 168
22, 243
77, 878
17, 297
41, 531
280, 338
44, 570
20, 031
85, 747
20, 174
40, 868
301, 461
68 347
18, 294
70 227
22, 167
52, 532
204 987
54 136
15 755
55 895
15, 950
26 710
235 570
71 415
19 169
66 052
20, 005
16 451
1,128,910 1,157,161
151, 579
162,186
66, 601
68, 453
29, 329
1 7, 651
43, 456
46, 769
1,219,300
142, 195
71, 700
33, 831
45, 817
1,177,935 1,151,996
134, 401
112, 876
70, 433
65, 670
35, 556
33, 107
41, 827
36, 335
978, 267
97, 538
62, 010
36, 438
33, 229
999, 749
99, 481
77, 759
35, 593
36, 227
995,125
88, 891
70, 601
35,164
38, 481
953, 437 1 038, 179
82, 773
94, 660
69, 931
82, 305
27, 837
18 483
39, 424
44, 615
874 224
100, 614
64 245
18 261
39 822
932 734
238, 343
11 367
27, 081
62 069
21, 519
105, 424
221 589
7 416
24, 828
64 098
19 868
94, 783
213 727
6 682
24,479
58 717
18' 125
95 010
192 899
8 846
20, 027
56 513
16 235
82 577
217 501
11 107
24, 829
56 890
20 699
94 039
Machinery, total§
__
Agricultural
Tractors, parts, and accessories
Electrical §
Metalworking§
Other industrial _ . _
do
do
do
do
do
do
271, 192
12, 973
32, 396
72, 596
29, 877
113, 099
274, 300
15, 201
33, 468
76, 058
24, 935
114, 926
278, 619
16, 278
32, 954
76, 254
26, 605
115, 931
266, 214
14, 705
32,890
74, 312
23, 165
111,680
238, 612
14,032
26, 756
62, 529
22, 777
103, 624
214, 577
12,411
23, 922
58 240
16, 619
96, 106
Petroleum and products..
Textiles and manufactures
do
do
62, 391
58, 572
67, 092
53,852
56, 083
58, 193
56, 958
52, 234
55, 787
47, 771
54 461
45, 007
248 795
7 831
27, 993
65 096
23 064
112 9Q7
r
1,122
34?, 305
56 629
41 001
1,168
113,927
73 166
15 669
39 077
80 369
22 105
59 301
15, 060
17 826
102,
66
15
35
837
613
521
991
198 970
-jo 1 7f|
24,211
C1
K\ 0
11 859
90 ' 927
ci a\ \
AK. COO
55 009
53 910
58 430
61 315
51 575
56, 302 1
55! 935
53,' 218
55, 214
47, 532
52, 312
43, 961
' Revised. ' Less than $500. c? Revisions for 1952 and January 1953 will be shown later.
©Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
ITotal exports and data by economic classes and commodities include shipments under the Mutual Security Program
Total MSP shioments are as follows (mil. dol.): March 1953-March 1954, respectively—-337.3; 339.8; 365.6; 371.1; 397.7; 274.1; 203.7; 233.5; 215.9; 215.3; 169.3; 1844; 203.6.
'
AExcludes shipments under MSP and "special category" shipments not made under this program.
©Including Manchuria beginning January 1952
9 Data for semimanufactures
reported as "special category type 1" are included with finished manufactures.
§Excludes "special category type 1" exports.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Mav 1054
1954
1953
March
April
May
June
July
August
September
October
November
December
January
February
March
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES —Continued
FOREIGN TRADE— Continued
Value cf — Continued
901, 538
General imports, total
__ . thous. of dol- - 1,004,453 1,012,629
By geographic regions:
48,090
61,418
50, 510
Africa do
154,953
177,538 ' 163, 742
Asia and Oceania
-do
214, 711
207, 871
194,917
Europe
do
209, 972
215, 004
212, 401
Northern North America
_ _ _ _ do
150, 503
103,905
147, 705
Southern North America
do
221, 192
178,492
205, 696
South America
_
_ do--By leading countries:
Africa:
2,328
4,389
2,497
Egypt
_
_
do__
9,187
5,499
7,299
Union of South Africa
do
Asia and Oceania:
6, 965
14,161
11,285
Australia, including New Guinea
do
20,211
19, 848
23, 461
British Malaya - _ _ _ - _ _ _
do
1,196
499
571
ChinaO
do
23,
863
26,
082
22,011
India and Pakistan
_ do _ _
21,994
22, 331
21,137
Japan
do
19, 347
18, 023
18, 551
Indonesia
do _
19,716
25, 934
23, 937
Republic of the Philippines
_
do
Europe:
17,515
18, 863
14,417
France
do
26, 225
22, 936
28, 072
Germany
do
15,378
12, 123
13, 209
Italy
do
2,005
876
1,128
Union of Soviet Socialist Republics
do -..
51, 365
46, 934
45, 629
United Kingdom
do
North and South America:
214, 995
212, 370
209, 961
Canada
- do__
351,562
267, 151
337, 822
Latin American Republics, total
do
20, 886
14, 577
18, 549
Argentina
do-_
Chile
- .
do-_.
Colombia
do
Cuba
do
Mexico
do
Venezuela
- do 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
Cocoa or cacao beans, incl. shells
do
Coffee
do
Hides and skins
do
Rubber crude including guayule
do
Sugar
do
Wool and mohair, unmanufactured-, do
Nonagricultural products total
do_
Furs and manufactures
„
do__ Nonferrous ores, metals, and manufactures,
total
thous. of dol Copper incl ore and manufactures
do. _
Tin including ore
do
Paper base stocks
do_ _
Newsprint
do
Petroleum and products
do_
67 596
28, 605
37, 494
48, 756
44, 221
39, 259
992, 081
233, 543
207, 899
59 677
27, 304
43, 764
50, 040
39, 630
33, 573
997, 483
r
223, 683
106,062
215,927
104,224
243, 741
200, 837
260, 106
193, 543
405, 367
422, 266
13,101
150,361
17,662
148,646
5, 936
33, 458
44. 450
30,011
8 765
33, 938
44, 531
29, 572
586, 714
575,217
9,789
122, 848
36, 295
29, 1 69
24, 039
49, 808
64, 539
43, 197
27,170
35, 066
40, 252
26, 993
37, 177
890, 946
219,152
150,638
933, 005
907, 623
841,048
925, 328
44, 781
43,010
145,452
204,181
44, 568
144, 884
44, 537
222, 638
102, 227
188, 614
204, 113
204, 332
94, 714
207, 936
1,262
174,560
200,184
134,647
173,642
997
636
378
871
1 96, 1 1 5
207, 908
72, 240
1, 589
6,361
786
7,273
7,099
606
975
7,637
1,149
12, 527
8,561
18,978
265
15,332
601
19,421
13, 020
14, 854
1,538
7,786
22, 579
22, 552
22, 056
34, 521
102,930
15,559
1,632
6,918
187,978
8,248
8,828
7,523
12,436
12,105
14, 669
14, 884
1 291
21, 353
13, 307
13, 898
361
917
19,903
17,867
13,169
537
18, 891
23, 489
20, 228
27, 353
20, 085
21, 557
14, 291
r
833, 003
55, 750
T
124,751
159,916
161,137
r
808, 224
117,915
201,663
155, 743
172, 593
133 550
167, 977
1,433
6,613
6,846
129 787
12, 273
11 , 484
26 332
20, 375
17, 693
12, 577
18, 535
1,178
8,361
10, 523
3,725
20, 932
15, 563
12, 369
18, 338
26, 491
17, 885
25, 483
11, 549
1,128
44, 395
20, 471
24, 388
15, 725
1,134
13, 963
22, 889
54,076
929
18,142
624
577
8,776
711
44, 527
48, 132
44, 790
42, 512
40, 769
36, 911
37, 464
222, 472
274, 424
203, 938
294, 529
27, 731
56 775
20, 278
204,159
203, 842
305, 023
11,173
239,125
11,426
211,639
301,367
161,075
9,959
201, 441
212, 168
207, 660
253, 655
48 030
100 594
7,513
79 480
6, 333
91 144
35, 061
8,099
51,134
172, 540
277, 769
7,410
49 765
13, 782
39, 911
36, 710
34 023
38, 067
816, 706
16,088
48 619
30, 403
33, 927
39, 632
28, 840
34, 216
923, 982
41,713
40. 680
26, 207
35, 643
892, 610
14,912
22, 287
11,470
585
17,178
11,744
52, 658
37, 530
202, 744
99, 382
239, 032
182, 732
185, 576
331,406
17,390
328, 394
1 7, 282
327, 435
13, 754
102, 599
6 405
26, 445
43, 058
9, 1 62
30, 217
49, 070
22, 191
595, 587
27,815
565,175
56 969
13, 511
27, 286
19, 641
19,619
35, 845
822,015
210,097
221,208
211,458
169, 438
182, 598
302, 521
9,343
382, 231
7, 551
155,948
272,174
6,250
92, 939
6 502
21,683
43, 799
19, 485
532, 931
5, 506
5,596
46, 652
44, 439
22, 275
25, 003
48, 600
62, 51 6
22, 989
27, 082
50, 828
99,185
31,009
17,584
22, 824
59, 457
1 4, 984
22 892
141, 224
81, 572
199, 990
189, 132
113, 520
41, 501
48,314
19,493
14, 292
25 411
14, 701
95, 351
146,711
6,468
61,049
18,442
41,035
928,130
20, 157
226, 108
208, 542
99, 423
136,928
51,172
19,384
594
42, 827
45, 095
23, 263
35, 791
835, 452
216,033
157,752
101,381
231,868
88,413
14, 385
25, 169
12, 161
21,917
14,597
27, 802
51 , 934
58, 201
6 667
27, 375
40, 400
21 , 904
545, 898
5,186
105, 522
35, 075
14, 997
25, 755
48,122
67, 861
6,892
17,528
21,101
17, 759
12, 626
20 939
13, 336
22, 429
27,187
11,008
21 511
309, 645
5,103
80 984
13, 832
37,954
33, 624
31 695
42, 639
842, 609
35, 564
838, 233
42, 225
895, 958
197, 488
193, 546
79, 388
203, 527
247, 291
75, 445
206, 580
232 843
186,412
10, 901
17 965
11 655
717
182, 657
183, 282
174 988
146, 572
196, 282
202 984
88, 067
166 544
162 829
321,877
372, 263 ' 371,131
23, 929
35, 681
174 929
162 458
3 775
3 474
19 704
18 678
16,916
32 006
14, 580
19, 404
523, 695
471 478
339, 756
25, 102
140 745
3 132
17 080
36 852
14, 636
476 951
88, 875
31, 246
12 629
24, 873
46 515
66 982
185,154
5, 849
81,626
90 356
4 226
21 881
20, 588
20, 546
549, 842
3,917
131,057
3, 081
7,924
6,844
97, 1 77
31, 509
17, 840
26, 606
52, 514
64, 157
87, 639
19, 236
88, 697
19, 305
18, 737
23, 381
53, 630
76, 506
91,097
4 103
23 177
15,937
16,908
516,357
16,215
24, 712
49, 444
67, 400
20, 899
18 911
20, 657
42 423
70, 314
858, 100
60, 948
23. 727
20, 974
24, 654
5,529
56, 802
59, 790
126, 544
184, 572
211, 715
104 949
220, 122
139,020
118,926
51,661
50, 059
197,
201,
60
165,
6,915
23, 677
907, 692
202, 287
204, 330
80, 389
239, 686
127,089
24,139
48, 269
848, 948
154,099
178.909
228, 003
148, 033
104, 735
259, 436
183, 776
87, 985
8,110
29, 106
42, 786
24, 240
559, 540
' 913, 167
7,540
TRANSPORTATION AND COMMUNICATIONS
TR AN SPORT ATION
Airlines
Operations on scheduled airlines:
39, 517
42, 004
39, 550
41, 782
40, 935
37, 707
37, 681
40, 238
37, 765
39, 361
Miles flown revenue
thousands
36, 035
37, 345
14, 967
14, 065
13,992
13,650
14, 033
13, 426
14, 768
16, 380
14,485
13,494
Express and freight ton-miles
flown
do _
16, 945
12, 880
5,874
5, 352
5,829
5, 557
5,541
5,400
5,971
6, 313
6, 134
8,834
6,093
Mail ton-miles
flown
do
6,070
2,059
2,385
2,409
2,238
2,265
2,354
2,334
2,321
2,015
2,023
2,083
Passengers carried, revenue
_ __
do
2,038
1, 154, 796 1, 206, 462 1, 218, 245 1, 320, 710 1, 305, 097 1, 332, 565 1,261,366 1, 225, 997 1,064,211 1, 166, 586 1,175,797 1, 116, 969
Passenger-miles flown, revenue
do
Express Operations
35, 475
33, 121
31, 032
31, 162
32, 613
33, 728
34, 161
29, 890
30, 626
38, 974
Transportation revenues
thous. of doL.
27, 425
27, 850
14, 210
14, 438
13, 527
11,410
12, 845
12, 166
11,918
10, 536
15, 157
Express privilege payments
,
_-do
16, 557
8,768
9,502
Local Transit Lines
12. 9386
12. 9767
12.8008
12. 8432
13. 0657
12. 7818
12. 8941
13. 0127
13. 1843
Fares, average cash ratef
cents._ 12. 7330
13.2203
13. 2521
1,004
972
865
831
885
927
944
977
878
862
Passengers carried revenue
millions
946
803
129, 200
126, 600
121, 500
120, 500
118, 300
132, 900
121, 100
127, 700
Operating revenues
thous. of dol . _ 130, 900
142, 200
125, 200
119,800
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :§
1,062
1,066
1,057
Number of reporting carriers _
609, 769
583, 773
598, 401
Operating revenues total
thous of dol
574, 343
574 547
546, 096
Expenses, total
do
33, 563
32, 588
32, 727
Revenue freight carried
thous. of tons._
Carriers of passengers (quarterly totals):
168
166
Number of reporting carriers
102, 976
86,813
Operating re venues, total
thous. of dol
89, 974
83, 840
Expenses, total
do
84. 657
91. 406
Revenue passengers carried
thousands
T
Revised.
* Preliminary.
^Revisions for 1952 and January 1953 will be shewn later.
166
115,868
95, 247
92. 853
13. 3559
905
165
93, 969
90, 005
84 726
O Including Manchuria beginning January 1952.
fData have been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over; revisions prior to August 1952
will be shown later.
SURVEY OF CURRENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-23
1954
1953
March
April
May
June
July
August
September
October
November
December
January
February
March
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Steam Railways
Freight carloadings (A. A. R.):d"
Total cars
thousands
Coal
do ..
Coke
_
do
Forest products
do
Grain and grain products
do
Livestock
do
Ore
do
Merchandise 1 c 1
do
Miscellaneous
__
do
Freight carloadings (Federal Reserve indexes):
Total, unadjusted
1935-39= 100. .
Coal
do
Coke
do
Forest products
do
Grain and grain products
do
Livestock
do
Ore
do
Merchandise 1 c 1
do
Miscellaneous
do
2,801
451
59
175
170
27
83
288
1,549
2,957
455
55
179
166
32
245
281
1,544
3,883
626
71
217
215
41
438
346
1,929
3,204
540
56
186
219
29
369
268
1,537
2,964
397
50
172
236
25
378
257
1,450
4,022
678
64
238
254
38
473
347
1,930
3,153
532
49
176
198
40
361
271
1,526
4,024
668
63
222
279
76
377
359
1,980
2,797
485
47
168
188
47
179
259
1,423
2,413
451
43
150
155
32
68
236
1,279
2,967
584
49
175
208
37
80
286
1,548
2, 462
421
37
158
173
24
63
253
1,332
2,412
383
34
156
166
28
58
261
1,325
122
92
186
142
119
47
79
45
146
127
96
175
144
117
58
231
44
146
132
106
182
143
124
58
315
45
148
133
105
176
151
158
52
328
43
146
128
94
162
147
166
46
341
42
141
134
112
162
153
142
55
331
44
146
137
114
162
148
147
78
324
45
150
135
110
160
144
157
108
263
45
149
124
104
155
142
137
86
160
43
140
108
97
142
120
112
56
62
38
124
108
100
126
122
124
56
58
38
122
107
87
116
128
122
43
55
40
126
105
78
105
126
117
51
51
41
125
129
96
178
144
133
66
237
44
148
130
106
183
137
141
65
237
45
146
128
105
179
145
155
60
212
43
142
123
94
167
146
138
60
213
42
139
130
112
169
145
131
58
221
44
145
126
114
164
137
131
59
216
43
139
126
110
163
136
157
70
172
44
137
122
104
155
145
140
69
172
42
134
117
97
135
135
119
58
201
40
132
120
100
120
136
124
58
231
39
133
117
87
109
133
124
54
222
41
134
112
78
104
126
127
64
177
41
132
58, 597
5,584
43, 375
1,501
602
341
40, 222
12, 461
16, 278
2,269
1,385
527
25, 302
7,511
7,400
4,129
3,111
673
32, 717
2,315
23, 982
3.934
3,400
246
21,134
2,761
9,715
2,486
1,769
525
11, 074
1,710
1,202
3,546
2,530
953
7,173
730
1,609
4,346
3,326
915
25, 326
3,381
16, 656
1,388
1, 125
167
85, 062
17,637
56, 383
153
119
15
126, 957
33, 501
79, 358
366
247
20
112, 442
22, 045
78, 680
465
330
22
130, 775
21, 318
98, 605
200
181
6
905, 605
765, 798
67, 093
1
673, 704
901, 634
763, 046
66, 880
680, 508
924, 362
776, 260
75, 342
688, 949
925, 949
773, 517
79, 704
701, 399
924, 754
773, 524
76, 799
689, 467
904, 263
763, 094
66, 111
673, 210
934, 304
794, 329
62, 747
693, 896
832, 363
702, 006
61, 766
657, 496
815,400
661, 347
74, 531
697, 038
749, 826
617,122
69, 994
626, 806
722, 334
602, 716
67, 437
586, 934
802, 534
674, 217
58, 546
629, 993
130, 392
101, 509
77, 241
125, 733
95, 393
74, 420
135, 740
99, 673
79, 232
130, 122
94, 428
71, 988
133, 651
101, 636
81, 526
131,112
99, 942
80, 493
133, 076
107, 331
87, 679
96, 310
78, 526
58, 960
40, 445
77,917
72, 108
90, 446
32, 574
17, 594
90, 983
44, 418
21,545
102, 912
69, 628
52, 570
1.523
2,499
56, 296
1.429
2,490
55, 194
1.474
2,830
53, 746
1.509
3,106
57, 490
1.416
2,965
54, 039
1.470
2,514
57, 276
1.453
2,367
49, 763
1.466
2,297
45, 166
1.520
2,770
46, 107
1.411
2,635
43, 047
1.459
2,129
9,238
6,036
3,202
9,895
6,613
3,282
9,574
6,695
2,879
9,943
6,755
3,188
9,552
6,702
2,850
9,793
6,699
3,093
9,388
6,488
2,900
8, 654
5,776
2,878
8,069
5, 657
2,412
3,182
1,256
3,153
1,064
3,265
1,045
3,236
1,029
3,265
1,056
2,934
1,004
3,115
1,058
3,104
952
3,587
1, 026
3,159
969
2,901
777
3,533
946
6.49
76
230
7.14
78
264
6.51
77
274
7.04
77
270
6.71
71
239
7.44
73
250
7.26
76
256
7.49
80
262
7.53
71
243
6.75
60
231
6. 96
72
212
7.04
75
247
6.75
74
232
74, 917
76, 349
43, 305
29, 798
47, 501
419
69, 358
86, 172
46, 568
32, 979
57, 560
599
69, 711
85, 632
48, 792
36, 071
53, 901
1,030
83, 504
112, 186
50, 154
39, 496
44, 057
2,439
101, 430
119, 703
55, 838
43, 029
36, 929
4,004
123, 344
91, 919
56, 963
42, 878
26, 472
4,040
116, 023
69, 703
62, 355
41, 839
23, 999
2,005
83, 717
56, 746
52, 454
35, 906
21, 103
1,102
67, 611
50, 160
44, 460
31, 127
18, 351
434
64, 038
55, 462
43, 379
35, 332
21, 398
296
59, 348
64, 303
41, 127
26, 556
29, 069
286
62, 290
748
9,817
696
9,132
656
8,622
693
9,120
656
8, 652
627
8,268
614
8,076
644
8,447
593
7, 760
612
8,010
783
10, 278
620
8,151
378, 836
223, 607
126, 615
380, 115
225, 848
125, 153
385, 809
228, 180
128, 219
386, 901
228, 995
128, 304
388, 856
227, 324
131, 298
383, 186
225, 723
126, 940
385, 576
228, 827
125, 827
399, 936
234, 531
133, 915
395, 803
235, 545
128, 289
410,793
240, 455
137,870
399, 014
238, 752
127, 521
388, 373
235, 457
120, 348
264, 660
45, 385
42, 488
262, 177
47,354
42, 670
278, 219
47, 103
42, 850
267, 821
47, 586
42, 956
279, 484
43, 386
43, 105
266, 141
46, 779
43, 234
272, 718
44, 997
43, 387
276, 315
50, 474
43, 582
271,313
50, 842
43, 750
289, 333
52, 273
43, 963
271, 649
50,381
43, 915
264, 804
48, 323
44, 040
18, 245
15, 325
2,136
17,710
15, 187
1,734
17, 977
15, 835
1,346
18, 401
15, 802
1,820
17,617
16, 332
528
17, 221
15, 709
816
17, 233
15, 477
1,070
17, 340
15, 543
1,157
15, 872
14, 570
689
17,991
15, 721
1 , 668
15, 795
14, 818
164
15,255
13, 873
593
2,617
1,869
512
2,276
1,846
229
2,257
1,855
194
2,315
1,777
333
2,344
1.946
180
2,370
1,803
355
2,574
1,820
522
2,609
1,951
428
2,487
1,836
442
2, 892
1,946
704
2,480
1,862
390
2,485
1,839
433
2,657
2,130
390
2,545
2,106
299
2,480
2,100
249
2,550
2,130
288
2,533
2,174
232
2,420
2,139
164
2,471
2,092
249
2,586
2,168
301
2,403
2,097
194
2,711
2,3*1
226
2,435
2.166
134
2, 346
2,069
144
132
Total adjusted
do
92
Coal
do
184
Coke
.
.
do__,_
142
Forest products
do
130
Grain and grain products
do
60
Livestock
.
_ do
273
Ore _
-._
do
45
Merchandise, 1. c. 1
do.
154
Miscellaneous
do
Freight-car surplus and shortage, daily average:
73, 260
Car surplus, total
number-7,429
Box cars
do
56, 584
Gondolas and open hoppers
do
1,745
Car shortage, total
do_ __
976
Box cars
do
203
Gondolas and open hoppers
do .
Financial operations:
'r 919, 619
Operating revenues total
thous. of dol
773, 591
Freight
_ - - do
67, 052
Passenger
do
rl
696, 928
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of doL. 'T 129, 136
93, 564
Net railwav operating income
do
71, 997
Net income J
do
Operating results:
53, 227
Freight carried 1 mile
. mil. of ton-miles
1.536
Revenue per ton-mile
cents
2,491
Passengers carried 1 mile, revenue
millions
Waterway Traffic
Clearances, vessels in foreign trade:
8,138
Total U. S. ports
thous. of net tons
5,524
Foreign
do
2,613
United States
do
Panama Canal:
3,233
Total
thous. of long tons
1,168
In United States vessels
do_
Travel
Hotels:
Average sale per occupied room
dollars..
Rooms occupied.
.
percent of total
Restaurant sales index
same month 1929=1 00. _
Foreign travel:
U. S. citizens: Arrivals .
_ _ number. Departures
- - do
Aliens: Arrivals*
_ _ _ _ _ _ _ _ _ do
Departures*
do
Passports issued
_
do
National parks, visitors
thousands. .
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues.
__
thous. of dol
COMMUNICATIONS
Telephone carriers: 9
Operating revenues
thous. of dol
Tolls, message
Operating expenses, before taxes
Net operating income
Phones in service, end of month
do
do
._
do
thousands-
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol..
Operating expenses, inch 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
*
34, 617
34, 695
364
53, 990
395
r
Revised.
1 March data include operating expenses amounting to $17,700,000 which are applicable to the months of December 1952-February 1953; April data, $2,400,000 applicable to
December 1952-March 1953.
{Revised data for February 1953, $55,941,000.
cfData for May, August, and October 1953 and January 1954 are for 5 weeks; other months, 4 weeks.
*New series. Compiled by the U. S. Department of Justice, Immigration and Naturalization Service. Data relate to the arrivals and departures of aliens, by sea and by air, between ports
of the United States and noncontiguous foreign territory. These statistics do not include border crossers, seamen, military personnel, traffic between continental United States and insular
possessions, and cruise travelers. Data prior to 1953 will be shown later. (Old series covered emigrant and immigrant aliens only.)
9 Data
beginning January 1954 cover 38 companies (those having an annual gross operating revenue of $1,000,000 or more). It is believed, however, that the smaller number of compa
nies continues to account for over 90 percent of the annual gross operating revenues of the industry.
SURVEY OF CURRENT BUSINESS
S-24
l^iless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
19 53
March
April
May
June
July
1954
August
September
October
January
February
March
65, 499
48, 269
227, 040
' 209, 972
(i)
r
65, 321
r
45 521
r
227, 955
206, 358
(i)
53, 554
46 564
206, 337
237, 535
(i)
65, 072
50 648
231, 640
62, 806
278
62, 362
1 026
November
I )ecember
199. 907
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production -4
Ammonia, synthetic anhydrous (commercial)
short tons. „
Calcium arsenate (commercial)
do
Calcium carbide (commercial)
.
do
Carbon dioxide liouid sas and solid
do
Chlorine, gas __
do
189, 644
534
68, 946
52, 950
233. 081
192, 424
216
69, 703
66, 194
241, 177
185, 194
(0
65, 371
77. 859
235, 153
185,515
(i)
69, 603
83 907
241,110
193, 932
(i)
66, 498
82, 948
238, 619
195, 484
0)
64, 860
73, 793
228, 826
198, 556
0
65, 562
58 615
239, 360
194, 886
(i)
61,201
48 238
227 830
65, 960
65, 270
65, 890
fTydrochloric acid (100% HC1)
do
1,144
1,444
964
Lead arsenato (acid and basic^
do
146, 594
134, 352
141, 444
Nitric acid (100% HNOs)
-- do
2, 336
2.182
2,197
Oxygen (high puritv^
mil of cu. ft
214, 811
210, 153
218, 427
Phosphoric acid (50% B>PO4)
short tons.
Soda ash, ammonia-soda process (98-100%
432, 747
438, 427
Na,2COV)
short tons.. 423, 755
8,034
9,234
10, 534
Sodium bichromate and chromate
do _
274, 614
288, 216
278, 970
Sodium hydroxide (100% NaOH)
- -_ do
Sodium silicate, soluble silicate glass (anhydrous)
49, 941
57, 708
54, 037
short tons- Sodium sulfate, Glauber's salt and crude salt cake
80. 383
79, 776
78, 422
short tons..
Sulfuric acid:
1, 270, 151 1, 206, 913 1, 257, 882
Production (100% H2SO4)
do
Price, wholesale, 66°, tanks, at works
20.00
20.00
20.00
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic and natural), production
44, 211
42, 105
40, 688
thous of Ib
67, 380
71, 448
71, 065
Acetic anhydride production
do
1,
195
1,342
1,278
Acetvlsalicylic acid (aspirin) production do
Alcohol, ethyl:
44,
681
'
46,
851
43,
394
Production
thous. of proof gal._
74, 492
64, 238
78, 581
Stocks total
dc
In industrial alcohol bonded warehouses
54, 592
54, 872
55, 022
thous. of proof gal. _
9,646
19, 470
23, 709
In denaturing plants
do
' 56, 260 34, 435
35, 640
Used for denaturation
do
2,105
2,030
2,171
Withdrawn tax-paid
do
Alcohol, denatured:
18,414
30,
199
19,
201
Production
thcus. of wine gal
23, 105
25, 169
21. 845
Consumption (withdrawals)
.
do
14,
909
10,
207
8,855
Stocks
do
12,386
14,015
11, 505
Creosote oil production
thous of ^il
7,423
6.004
7, 685
TCth'vl acetate (85%) production
thous of Ib
Glycerin, refined (100% basis):
High gravity and yellow distilled:
7,380
6,993
8,097
Production
do
7,092
6, 806
6,787
Consumption
.- _ do
15, 660
14, 856
15,912
Stocks
do
Chemically pure:
14, 331
14, 722
13, 276
Production
do
7,897
8,217
7, 698
Consumption
do
21, 323
20, 146
24, 049
Stocks
do
Methanol, production:
192
184
204
Natural (100%) t
_. thous. of gal..
12, 553
12, 469
13, 275
Synthetic (100%)
do
17, 519
21, 841
18, 181
Phthalic anhydride production
thous of Ib
63, 342
822
134, 227
2, 035
198, 325
62, 463
(i)
140, 268
1 992
195, 728
63, 425
0
144, 624
2, 125
214, 732
64, 936
0
145, 824
2,034
202, 463
66, 494
0)
159, 421
2, 114
222, 797
64, 029
(i)
157,485
1 933
204 545
1.891
196, 946
390 988
11,414
277, 495
408, 351
10,177
282,175
414, 642
10, 273
274, 676
395, 896
8, 363
260, 747
408, 829
8, 580
276, 413
394.015
7 954
262.119
378, 658
7, 752
260, 651
44, 433
41,270
44, 436
48, 050
64, 740
52, 489
43, 957
78, 818
75, 609
77, 869
78, 067
81, 479
79, 857
72, 868
1,163,791
1,155,529
1,131,309
1,115,524
1,210,900
22.35
22.35
22. 35
22. 35
22.35
22.35
22.35
40, 219
74, 568
1,117
48, 871
82, 359
959
44, 546
75, 406
1,111
40, 595
72, 051
1,071
36, 579
62, 567
1,298
36, 515
49, 075
1,056
39, 760
51, 786
40, 645
72, 519
39, 034
75, 501
31,934
71, 878
28, 995
65, 274
29, 033
58, 565
30, 245
56, 514
26, 312
54, 152
27,112
51,403
53, 812
18, 707
37, 469
2,206
53, 731
21,770
36, 557
2,106
50,361
21,514
35, 346
1.944
47, 978
17, 296
33, 538
2,218
41, 108
17, 457
34, 685
1,538
38, 322
18, 192
31, 583
1,194
35, 762
18, 390
27, 880
33, 204
20, 126
23, 309
6, 844
13, 570
8,200
19, 649
20, 890
5 575
11, 448
7 343
19, 058
17,861
6. 803
13, 683
4,995
18, 083
18,317
6, 552
12, 272
7 356
18, 781
17, 109
8,230
12,114
6,478
17, 057
16, 580
8,702
13, 533
5 165
15, 149
15,213
16,210
7, 653
6, 265
17, 999
5, Ifil
6, 037
16, 591
5, 235
6,400
15,834
7, 783
6,498
16, 529
6,103
6,883
15,384
12, 234
9,021
25, 774
10,747
8, 536
25, 580
12,797
8,899
25,813
11,322
8,877
24, 605
189
12, 683
18, 059
146
14, 326
20, 375
165
13, 861
19, 659
188, 173
276
68, 391
51, 823
235, 596
(!)
164,122
r
161,134
r
r
57, 666
1 063
62, 39C,
1,OH4
152,456
155,156
r
1 776
234, 740
264,185
371,622
370,311
424,112
8 126
267, 083
7 810
240, 529
278,210
46, 608
49, 184
58, 458
71,468
" 70, 615
72, 029
1 908
248, 636
T
1, 803
8, 525
1,207,586 1,166,896 1, 182,419 1 092 447 1, 222, 232
22. 35
22. 35
38, 979
51, 863
1,213
28 804
47 823
1 105
r
987
18,199
28,122
982
962
17,451
6,412
5, 859
5, 421
10 208
5 909
7 S 135
6,136
16, 712
5, 798
5, 630
17, 259
17.464
15, 966
9,618
26, 142
11, 203
8, 558
25, 144
27,689
139
13, 603
18,459
126
13, 941
16, 235
173
13, 974
18,848
165
14, 151
19, 133
21 409
T
11,485
6,325
23, 912
47, 590
32, 594
46, 976
28, 138
19 452
26, 171
1 113
26. 183
20. 794
33. 664
14, 171
13, 332
6 603
9 852
3 018
18, 176
17. 206
978
7.637
6, 804
6 675
5, 756
18 294
19, 084
1 2, 743
8. 706
28, 645
11,238
14, 099
164
169
12 063
19 228
5, 820
15, 142
8,718
T
p 22. 35
12,459
8, 809
27, 986
5,576
9,647
28,941
FERTILIZERS
Consumption (12 States) §
Fxports total J
Nitrogenous materials
Phosphate materials^
Potash materials
thous of short tons
short tons
do
do
do
Imports to talt
do
Nitrogenous materials total
do__
Nitrate of soda
do
Phosphate materials! do.
Potash materials
.do.
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol per short ton
Potash deliveries
..short tons
Superphosphate (100% A.P.A.)cf
Production
short tons
Stocks end of month
do_
2,030
199, 096
6, 853
179,311
7,814
1,863
227, 068
14, 628
201, 527
6,734
910
230, 296
5,650
214,016
6.101
426
311, 892
7,367
295, 012
5, 463
203
272, 139
6, 425
254, 557
5, 507
2
228
296, 632
5.484
277, 369
6,913
2
304
237, 215
5,063
r
2 12, 130
7, 958
2
429
307, 471
15, 029
274, 173
6,967
2
362
248, 717
7,023
223, 316
6, 831
2
399
302, 167
38, 206
252, 284
7, 325
2
512
211, 682
25, 205
376, 021
302, 884
86, 893
11,610
29, 031
422, 303
335, 003
88, 419
11, 527
40, 955
300, 172
239, 833
92, 119
5,080
13, 819
244, 935
200, 676
86, 555
10, 978
10, 423
168,940
132, 082
19, 489
8,434
14,686
166, 587
133, 866
22, 949
8,694
9,288
179, 010
139, 272
7, 561
7,813
10, 732
207, 352
142, 088
183,504
253, 288
143, 369
45, 769
214,608
19, 907
21, 597
152,784
112,153
39, 832
8,783
18, 320
9,553
13,062
20, 864
11, 271
57.00
214, 470
57. 00
183 982
57.00
142, 816
57.00
108, 479
57. 00
130, 815
57. 00
133. 370
53. 00
132, 228
53.00
117, 982
53. 00
123, 839
53.00
53. 00
200, 068
206. 673
215, 197
163, 678
196, 945
181, 727
164, 600
214, 636
151, 444
231, 501
160, 579
243, 112
160, 518
247, 530
0
180,810
4, 590
65, 277
125, 933
168,338
245, 537
157, 845
262, 781
168, 768
281, 348
8.75
8.85
9.00
r
r
2
1, 111
197 702
40 160
148 378
6 519
252 607
207, 263
44 464
10,909
13, 324
53.00
p 53 00
155.234
196, 283
261.059
183, 643
306, 774
187, 464
286 325
227, 383
238 175
9.00
9.00
P9.00
NAVAL STORES
Rosin (gum and wood):
769, 520
Production semiannual total
drums (520 Ib.)
3 859, 380
Stocks end of period
do
Price, gum, wholesale, "WG" grade (N. Y.), bulk
8.80
dol. per 100 lb..
Turpentine (gum and wood):
233, 670
Production semiannual total..
bbl. (50 gal.)
3 228, 880
Stocks end of period
do
.60
Price gum, wholesale (N. Y.)
_ dol. per gal..
927, 010
911 120
8.60
8.60
8.35
8.45
8.60
8.70
297, 270
213 770
.59
.60
.60
.59
.59
.59
.59
.61
.61
.59
.60
p. 60
Revised.
*» Preliminary.
i Not available for publication.
2 Data for 10 States, excluding Indiana and Missouri.
3 Revisions for March 1952: Rosin. 722,580 drums; turpentine,
94,450 bbl.
{Revisions for 1952 (also 1951 for ammonia and hydrochloric acid) will be shown later.
5States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma; prior to August 1953, also Indiana and Missouri.
According to quarterly reports from Virginia and semiannual reports from Kentucky, consumption in those States is as follows (thous. short tons): Virginia—1952—July-September, 90; OctoberDecember, 100; 1953—January-March, 319; April-June, 322; July-September, 79; October-December, 80; 1954—January—March, 305; Kentucky—1952—July-December, 225; 1953—January-June,
453.
cfPrior to the October 1953 SURVEF, data were shown in short tons of 18% A. P. A. (available phosphoric acid).
r
SURVEY
May 1954
S-25
CURRENT BUSINESS
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
January
1 , 061
52, 752
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of lb_.
High explosives
do
Sulfur:
Production
thous of long tons
Stocks
do
710
58, 876
634
63, 170
553
64, 562
503
64, 765
579
61,167
754
68, 135
918
67, 850
1,000
70, 924
971
62 886
1,027
54 621
472
3,043
480
3,001
455
2,867
419
2,920
424
2,960
451
3,037
416
3 059
431
3 057
370
3 023
469
437
472
3 022
3 090
3 170
3 239
344, 181
128, 956
449, 299
331, 952
125,007
443, 138
311,131
126, 654
431, 798
300, 366
116,414
413, 191
291, 364
101, 330
380, 414
276, 369
107, 346
318, 383
282, 060
121 630
280 903
334, 269
135 312
249, 836
367, 294
129 469
252 586
362 958
128 535
264 848
354, 916
124 832
269, 246
309, 854
123 883
257 901
325 234
133 470
268 342
51, 090
40, 361
109, 800
52, 056
34, 996
105, 854
52, 336
33, 926
105, 053
50, 838
32, 625
99, 715
46,140
23,966
106, 866
45, 152
31 879
103, 388
43, 702
30 324
102, 327
47, 945
36, 705
91, 557
51 774
35 930
86? 410
48 359
29 443
81 970
49. 251
27 084
83,322
47, 667
29 878
74 698
46 502
32 115
72 499
244
11, 930
51, 459
1,844
11,443
47, 180
8,000
12, 989
46, 731
18, 087
10, 672
46, 797
27, 357
11,148
51, 287
28,839
10, 246
74, 408
30, 052
12, 035
90, 397
15, 939
12, 762
92, 126
2 933
11, 138
79 383
5 296
9 302
72 711
840
9,070
68,768
9,171
46 297
10 697
41 170
510
546
457
525
415
458
369
446
322
378
379
426
451
476
618
559
581
569
592
536
595
537
545
523
542
556
1,102
967
1,074
1,044
1,052
1,072
985
1,095
970
1,077
912
1,052
925
1,050
959
1,083
943
1,148
997
1 256
1,025
1,323
'965
1 337
1 329
438
' 1, 035
55, 303
941
54 756
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production!
_
thous. of lb__
Consumption, factory
do
Stocks, end of month
do
Greases:
Production
_
do
Consumption factory
do
Stocks, end of month
do
Fish oils:
Production $. _
do
Consumption, factory
do
Stocks, end of month
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production, crude!
mil. oflb _
Consumption, crude, factory !-._
do
Stocks, end of month:!
Crude
_- .
do
Refined
do
371
r
r
358
984
19, 163
18, 875
18, 942
34,728
15, 467
15, 915
24, 499
18, 622
41,846
Exports _
.thous. of lb._
83,113
57, 676
80. 988
34,838
44, 941
60,054
89, 294
33, 438
30, 146
32, 396
29, 458
38, 229
Imports, total!
._
_
do. __ 33, 521
21,315
44 439
554
1,194
2,481
2,336
2,644
2,826
2,028
2,193
3,816
Paint oils
do. _.
8,186
2 746
7 453
33, 644
32, 966
42,604
57, 573
36, 650
31, 410
27,320
25, 642
30, 203
30, 043
All other vegetable oils!
do
18. 569
36. 986
Copra:
28, 611
23, 958
31,031
25, 546
29, 421
33, 743
28, 337
29, 498
Consumption, factory .
.short tons..
27,497
30. 074
23, 030
27 066
29 646
15, 997
11,277
18, 786
17, 729
14,416
16, 198
17, 895
13, 272
12 504
15.715
Stocks end of month
do
15 130
12 569
22, 263
29, 029
18, 883
38, 517
72, 839
29, 423
25, 243
37, 371
Imports
do _ _
25, 371
34, 128
26 475
27 274
Coconut or copra oil:
Production:
36, 332
32, 318
31, 280
39, 520
43, 066
37, 590
35, 997
37, 129
38. 337
Crude
thous. o f l b
35, 028
35 294
29 498
38 415
29, 922
26, 372
26, 959
26, 942
29, 970
31, 411
28, 843
31, 763
27, 982
Refined
- _.
.
do
25, 938
26, 618
26 569
37 407
Consumption, factory:
39,125
44, 820
43, 527
41, 591
45, 273
46, 845
45, 597
47, 498
43,428
42, 548
Crude .
do
45, 550
42, 673
57 539
22, 478
27, 093
23, 063
23, 201
27, 053
27, 356
27, 318
29, 108
Refined
do
23, 010
22,544
22 369
27 788
33 455
Stocks, end of month:
36, 744
41, 803
41,411
38, 685
41,113
53, 116
37, 393
Crude
_ ._
. do
46,250
54, 809
69, 403
60 680
66 970
4Q "}79
8,732
7,429
8,759
8,809
11,260
7,723
9,019
16 249
9,540
13, 650
Refined
do
13 843
10 691
8,013
9,069
9,896
19,011
12,
258
7,079
11,
774
10, 975
Imports
do
17, 550
13, 625
6,709
15,' 868
Cottonseed:!
38
113
28
14
44
1,860
1,323
276
1 397
Receipts at mills
thous of short tons
237
113
810
50
155
480
266
377
208
182
778
Consumption (crush) _
do _
510
763
712
624
718
598
155
949
361
614
197
2,146
Stocks at mills, end of month
do
1,064
250
2,780
2,390
2 865
1 879
1 332
Cottonseed cake and meal:t
75, 673
129, 515
181, 730
371, 321 361, 549
99, 667
86, 379
241, 458
Production
_
short tons__ 231, 782
334, 973
294, 423
340 919
278 124
208, 612
178, 690 i 140, 897 1 122, 619 i 91, 549 1 69, 948 i 112, 687 1 163, 838 1 163, 022 i 109 700 1 109 229 i 146 087 i 167 313
Stocks at mills, end of month § . .
do
Cottonseed oil, crude:!
55, 418
133, 124
95, 387
74, 529
200, 632
251, 701 249, 924
157, 634
Production
thous. o f l b _ 165, 269
57, 397
234, 465
207 447
232 230
149, 973
42, 451
115, 605
134, 001 143, 804
84, 671
184, 799
56, 418
Stocks end of month
do
37,830
89,090
183 105
148 742
184 165
Cottonseed oil, refined:
169, 882
119, 424
159, 289
67, 740
179, 751 221, 226
96, 142
59, 998
97, 992
197, 063
Production!
_
do
183 279
200 423
188 791
90, 754
68, 663
79, 258
92, 053
133, 253
75, 610
83, 622
Consumption factory!
do
89 270
167 032
151 Oil
131 421
135 286
141 894
23,
109
15,
664
18,
144
29,477
17,
430
19,
744
18,144
16.
724
35
314
30,
204
38, 165
In margarine!
- do
30 952
34 600
811,815
928, 561
916, 453
881, 275
966, 498 1, 016, 037 1,109,455 1, 152, 554 1 177 790 1, 166, 643
935, 273
Stocks, end of month §!
_
do
927, 026
918, 585
.233
.220
.204
.233
.233
.233
.206
Price, wholesale, drums (N. Y.)---dol. per lb_.
P. 203
.211
.190
.201
.206
.193
Flaxseed:
2 3g gi3
Production (crop estimate)
thous of bu
Oil mills:
1,924
2,266
1,221
1,680
2,849
Consumption
__
do
1,609
1,311
2,200
2,452
2,157
2,687
2 519
2 731
2,822
2,064
Stocks, end of month . .
do
2,136
2,063
1,449
4,720
2,324
1,738
1,943
5 164
4 173
3 183
4 758
3.95
3.84
3.50
3.93
3.88
3.76
3.65
Price, wholesale, No. 1 (Minn.)
dol. per bu_.
3.56
3. no
3.85
yo
4.00
4.02
3.89
Linseed oil, raw:
39, 027
34, 663
26, 764
24, 497
57, 003
44, 419
Production
_
_. thous. oflb
31, 975
43, 904
48 842
52 087
39 685
54 274
50
439
r
43, 085
42, 864
45, 511
42, 043
42, 697
35, 939
Consumption, factory...
do
49, 644
41,131
45, 690
35, 747
42, 280
32? 012
35 655
517 554
636, 113
Stocks at factory, end of month. _ _ _ do
599, 768
575, 613
556, 874
626, 180
562, 033
588, 812
465, 181
531, 901
558 139
481 025 r 464 289
.151
.152
.138
.160
.150
». 144
Price, wholesale (Minneapolis)
dol. per lb_.
.145
.142
.156
.160
.148
.153
.140
Soy beans:
Production (crop estimate)
thous. of bu
2 262 341
20, 437
21,284
Consumption, factory . _
..do
19, 201
16, 338
20,670
17,291
18, 684
19 252
15, 652
20 284
20 778
20 758
18 873
49, 613
44, 764
18, 865
34, 380
Stocks, end of month
_
.do
26, 905
61, 401
7,613
61,710
52, 297
16, 631
54, 485
58, 531
56, 948
Soybean oil:
Production:
208, 414
179, 503 208, 660
226, 293
190, 086
229, 966
Crude
..thous. oflb._ 221, 783
173, 756
219, 304
213, 372
228, 433
208, 706
226, 320
203, 529
198, 287
175, 291
155, 987
185, 566
214, 418
Refined _
_
do
212 568
200, 180
192 662
188 570*
191 788
172 446
186 529
182, 488
162, 942
155, 641
166, 319
218, 608
Consumption, factory, refined!-—
do ... 190, 474
191, 992
218, 495
183 214
188 028
163 834
174 010
181 253
Stocks, end of month:
158, 194
156, 951
176,495
190, 873
Crude
do
166, 767
161 242
87, 907
105 352
122 021
88 437
142 947
138 111
140 95898, 342
103, 952
100, 864
93, 779
106, 456
82, 103
62, 353
Refined!
do
69 052
74 423
99 466
80 822
98 466
95 000
.208
.208
Price, wholesale, refined (N. Y.)~- dol. per lb__
.208
.188
.208
. 208
.166
.170
.196
.197
.185
*!l95,
!l92
2
'Revised.
* Preliminary. ! See note marked "§".
December 1 estimate.
!Revisions for 1952 will be shown later.
§lncludos stocks owned by the Commodity Credit Corporation (beginning May 1953 for cake and meal and beginning 1952 for refined oil).
SUEVEY OF CURRENT BUSINESS
S-26
May 1054
1951
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
107, 419
22 TPL
107,291
Januaryj
*f™'
March
1 31 , 959
23 393
12i.?42
26, 5 10
116,538
23, 867
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts—Con.
Margarine:
Production c?.__
_
... thous. of l b _ _
Stocks (factory and warehouse)^
do ..
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)
__dol. p e r l b . _
Shortening:
Production....
..
.
..thous. of Ib.
Stocks, end of month
do
113, 501
23,911
93, 279
23, 105
89, 896
20, 817
103, 203
20, 246
89, 753
23 360
96, 053
18 372
114, 574
19 350
136,217
16 382
.284
.284
.274
.274
. 2S3
28?
.283
. 273
p. 273
137, 101
92, 040
111,998
108, 894
118,229
127,912
106, 815
126, 538
105. 858
113 TOO
130,906
100 911
152, 322
S9 4 .-if)
172. 988
84 703
191,747
75 793
139.94:03 92f
132.501
9*? 000
155, 900
93, 4!3
178 T
88 O~A-
_ . _ . _ _ . thous. of dol., <"121.299
do... <» rr 49, 809
a 71,490
do
129, 534
52, 035
77, 499
131,004
52, 352
78, 652
133, 275
50 970
82, 305
124,953
4S, 641
76 312
121, 687
47, 970
73 717
119,213
45, 793
73 420
116,432
46 734
69 698
98, 539
40 709
57 830
4o! 217
52 340
H) 1 . 632
39 877
61 755
* 100.013
-30,915
r
f.O 0^8
117,764
46, 768
70 996
3, 184
7,044
3,243
6, 073
662
683
3,590
6.770
691
594
2,718
5 349
2,848
6 259
597
449
3,387
7 393
644
427
3 664
7 478
2 99<!
5 803
?, 483
6 226
2 7^7
5 367
2 816
5 168
650
441
633
401
631
486
563
412
598
486
. 284
. 274
. 'J;4
. 2G4
PAINTS, VARNISH, AND IACQUER§
Factory shipments, total
Industrial sales^..
Trade sales
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods and tubes
thous. of Ib
Ai oklinr' and extnision materials
do
Nitrocellulose, sheets, rods, and tubes . _ do .
Other cellulose plastics
...... do .
Phenolic and other tar acid resins
Polystyrene
Vinvl resins
Alkyd resins
Rosin modifications
Miscellaneous resins
. do
do
. ...
do
do
do
do -
3,348
7,102
706
713
40, 843
40, 233
20 111
46, 721
36, 439
9,420
22, 946
659
6L2
41,551
35, 764
18 498
46, 295
34, 274
8,882
22, 458
38, 299
39, 374
19 856
46, 790
32, 980
8,700
23, 204
37, 633
36, 013
19 442
44, 884
32, 600
8,480
23, 870
522
476
32. 362
32 399
13 745
40 392
31.420
10 555
19. 176
35 299
38 672
16 347
43 592
28, 809
9 399
19 268
38, 266
32 807
17 010
40 381
28, 548
8 375
22 055
35 895
28 717
17 635
41 170
31,922
10 161
24 970
32 348
25 760
17 839
39 129
27,693
9 627
26 351
1
30 265
T 25 908
16 955
37 357
30. 673
9 543
26 099
30 8 2
30 9U
17 6 '6
40 636
28, 475
9 661
21 535
30 760
33 376
]<Y \t^
39 810
28. 587
11 215
25' 134
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total!
mil. of kw.-hr._
Electric utilities,
total
do
By fuel0,
... do .
P>y water power
do
Privately and publicly owned utilities
mil. of kw.-hr..
Other producers
do
Industrial establishments, total
do
By fuels
do
By water power
do .
Sales to ultimate customers, total (Edison Electric
Institute) J-.
mil. of kw.-hr..
Commercial and industrial:
Small light and power
- ..
do..
Large light and power
do
Railways and railroads
_. ..
do
Residential or domestic.
do
Rural (distinct rural rates) ..
_do._
Street and highway lighting ._
do .
Other public authorities
....do..
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute) t -..thous. of dol
42, 693
36, 969
26, 771
10, 197
41,510
35, 627
25, 923
9 705
41,995
35 982
25, 695
10 288
42, 733
36 827
27, 732
9 095
43, 927
38 030
29 276
8 755
44, 497
38 497
30 043
8 454
42,
37
29
7
923
038
449
589
43, 751
37 614
30 477
7 137
42,
36
29
6
317
378
471
907
45, 052
39 062
30 3%
8 668
45, 478
39 423
30 524
8 899
40. 887
r 35 211
26 617
8 564
45, 166
38 918
28 998
9 921
31, 249
5,720
6,024
5 572
30, 239
5 388
5, 882
5 426
30, 294
5 688
6, 013
5 578
32, 209
5 891
5 897
5 563
32, 331
6 166
6 000
5 718
32, 252
5 361
6 137
5 853
31, 199
5 179
5 039
5 658
33, 480
5 582
5 990
5 624
33, 227
6 196
6 055
5 664
29, 478
5 724
5 676
5 291
32, 719
6 199
6 247
5 781
385
467
452
456
435
31,317
5 510
5, 905
5 511
395
334
282
31, 285
5 752
5 886
5 611
' ^75
284
280
366
391
31, 664
31, 346
30, 991
31,358
31,951
33. 031
32, 794
32 450
32 051
33, 040
34 235
5,345
15, 684
5,287
15, 663
5, 356
15, 749
462
8,383
683
325
734
49
436
8,033
854
290
731
51
412
6 081
15, 942
6 253
16, 583
6 191
16, 343
5 917
16' 274
5 927
15, 765
6 104
15 668
371
7,546
5 785
15 794
380
7,479
369
393
401
445
459
7 833
8 248
10 163
1 006
1 180
7, 651
1,120
9,104
809
272
727
53
5 620
16,037
394
7, 438
801
255
758
55
259
752
52
283
757
56
309
759
52
870
345
772
46
645
367
767
43
583
394
778
43
612
395
787
47
560, 606
554, 637
549, 247
555, 798
566, 985
580, 126
575, 047
572 316
571, 528
589, 705
611 624
7,614
GAS
Manufactured and mixed gas (quarterly):!
Customers, end of quarter, total
thousands. _
Residential (incl. house-heating)
do....
Industrial and commercial
--do
Sales to consumers, total
mil. of therms..
Residential-do
Industrial and commercialdo..
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__
6,552
6,081
6,508
6,049
455
813
485
319
6, 434
5 982
111 643
78, 965
31,899
80 574
54, 049
25, 939
107 700
76,531
30, 416
19, 690
18, 078
1,591
16, 249
6,757
8,855
19, 721
18, 138
1,562
12, 606
3,510
8,541
19, 849
18, 310
1 518
10, 502
1 435
8 405
20 667
19, 003
1 610
14, 099
4 021
9 114
756, 107
477, 947
265, 043
524, 442
280, 128
232 779
371, 928
148 604
210 248
597, 998
325 396
255 373
467
1,095
748
336
146, 648
108, 093
37, 524 - - - - - - - - - -
450
539
263
268
6, 113
5 668
442
759
463
287
~
' Revised.
» Preliminary.
cfRevisions for production (September 1951-September 1952) and for stocks (December 1951-September 1952) will be shown later.
§ Re visions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
^Revisions for 1S52 fc r electric-power production an( j f cr gas are shown in the October 1953 SURVEY; those for electric-power sales and revenues, in the October and November 1953 issues.
0
Revisions for January and February 1953 for paint, varnish, and lacquer (units as above): Factory shipments, total, 107,896; 106,344; industrial sales, 43,124; 43,953; trade sales, 64,772; 62,391.
SURVEY OF CURRENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-27
1954
1953
March
April
May
June
July
August
September
October
November
December
7,606
0 176
9 "3
5, 797
5 102
9 498
5 909
5 434
9 605
0 007
10 403
January
February
March
FOODSTUFFS AND TOBACCO
i
ALCOHOLIC BEVERAGES
Fermented malt liquors:
7, 683
Production
_ thous. of bbl__
6,658
Tax-paid withdrawals
do
10, 324
Stocks end of month
do
Distilled spirits:
Production
_.
thous. of tax jral.. •• 12, 420
Consumption, apparent, for beverage purposes
thous. of wine pal.. ' 15,897
Tax-paid withdrawals
thous. of tax gaL. r Ml, 343
887, 826
Stocks, end of month
_do
1, 735
Imports
......_
.thous. of proof gal. .
Whisky:
8,
295
production
thous. of tax gal .
T
6, 150
Tax-paid withdrawals
do
r
732, 437
Stocks end of month
do
1,639
Imports
_
. thous. of proof gal-Rectified spirits and wines, production, total
8.313
thous. of proof gal. .
Whisk v
do..
7,217
Wines and distilling materials:
Sparkling wines:
101
Production
thous. of wine gal..
88
Tax-paid withdrawals
...............do....
1, 185
Stocks end of month
do
40
Imports
.
...
. do
Still wines:
1.212
Production
do
12. 161
Tax-paid withdrawals
.
do
191, 805
Stocks, end of month
do
47*
Imnorts
do
1,075
Distilling materials produced at wineries do
8,167
7,198
10, 720
7,791
7,113
10 905
8,753
8,083
11 062
9,905
9,210
11, 104
9,458
8 905
11 005
8,339
8 757
10 013
6 941
10 091
5 649
5 644
q 830
5,954
7 yis
12, 116
11,812
11, 469
9, 632
7,282
15, 375
28, 896
19 754
15 930
13 120
14 405
16 387
15, 277
10, 785
886, 619
1,469
MB. 138
10, 799
884, 315
1,636
r 14, 685
10, 839
881, 824
1,594
14.306
9, 735
878, 701
1,521
14, 024
9 371
873^616
1, 490
16.341
12,633
867, 160
2, 159
18,731
17,257
861,353
2,967
19,405
22, 805
12. 528
8, 650
804, 231
8,053
7,674
5 499
730, 916
1,465
5, 680
4, 793
729. 729
1,415
3, 974
5 241
725. 979
1, 350
7, 263
7 301
729 109
1,970
10 094
9 406
718 330
1, 337
7,232
5 608
730, 843
1,504
718 5 It)
7,683
6,500
7,934
6,659
8,047
6,739
6,902
5,636
6,248
5, 171
8,930
7 740
11,470
5,917
731,757
249
86
151
101
1,343
1,386
1,427
1, OV>7
11, 739
179. 567
486
1,561
1 221
10, 938
169. 669
122. 585
132, 790
.668
133, 995
149, 876
.659
105, 285
78, 875
232, 25.*
39
44
148
97
82
67
112
95
106
131
2,773
9 964
9 270
5 982
9 020
5 31 r>
718 413
1 328
5, 745
4 831
71f)' 43r*
1 990
8 301
4 878
717 441
1 218
10. 008
9 455
6, 885
5 850
5, 533
4 634
81
]9S
1 05°
1°1
96
174
70
197
46
31
i 410
1 320
1 186
88
1 126
9, 804
158, 739
876
7,098
! 676
8 o7fl
143. 8 iO
17 237
10 'J79
64 847
12 ^q
206, SOS
64
1, 330
435
102
087
r
-24
9
Q
715
2
1, 44*
4o
861,381
2,207
10.479
16, 690
857,234
2,743
1, 435
3^
859, 297
12, 072
10, 150
802. 917
1,456
20 7 t i Kni
99
81
12,718
10 0^9
0 ^7**
7,400
6 349
233
69
1 000
1 21V
°7
23
1 oc»6
44, 669
128, 626
35, 234
4 14^
12 906
202, 031
707
4,971
119. 645
334, 853
.661
96, 730
323, 077
.670
92, 375
311, 574
.682
90, 765
290, 598
.676
108, 240
281, 702
.666
114, 330
88 730
445, 575
410 733
2,824
97, 500
72 450
460, 488
426 383
5 540
87. 775
61 505
448, 787
416 095
3 602
82. 390
56 230
432. 325
400 983
7 186
63 22^
432. 008
401 1 68
5 800
98, 735
72 135
97, 190
115,555
427,461
397 Q90
2 233
' 424. 657
r Qog 344
3* 162
449,612
.405
.407
.424
.427
.415
.403
.393
.383
2,710
262, 400
2,390
228, 500
2,300
3,000
170, 000
162, 200
3,175
152, 500
1,800
155, 700
2,350
163, 600
1,875
156, 900
2,150
194, 900
9,579
475, 333
7,041
511,683
6.066
524 007
5,123
481 196
5 248
410 255
6 047
339 808
4 ggy
202 ()13
4 753
192 760
4 7g4
127 681
1 09 f&A
539
2,916
11, 957
937
10, 449
1 085
13, 997
658
11, 337
128
14 427
747
6 119
46
62
8 215
13 228
5.79
5.76
5.81
5.79
5.80
5.85
5.82
5.76
5.73
5.69
12, 637
5, 435
4.92
12, 449
5,492
4.87
11,603
4,742
4.99
10 624
4,146
5.05
9 306
8 907
3, 505
5.18
9 179
5.15
8 359
3, 062
5.23
o non
3,374
8 878
3,174
5.20
5.11
3,711
5.03
in 71^
4,514
4.96
8,750
129,600
9,450
154, 750
9,375
144, 300
10, 050
114,750
10 050
91, 900
8 620
67, 050
9 000
65, 150
8 420
08, 290
7 970
94, 250
6 360
103, 350
« 1 aK
A 1 7^
102, 300
131, 650
13, 211
133, 159
13, 402
129, 097
14,907
154,021
14 423
156, 892
13, 560
131, 826
14 110
114, 632
11 512
84, 421
11 716
67, 925
11 316
67, 893
10 220
74, 094
9 602
81, 056
88, 377
5,371
3,394
7,832
2,920
5,131
4,378
14, 323
6, 105
7,801
3 648
3,676
3 014
4, 854
3 004
15, 357
4 g44
2,260
3,824
8,073
1 58 1
18, 674
.158
.153
.149
.147
.146
.146
.147
.148
.152
. 153
2,762
6,386
2 290
3,278
1 535
1,377
655
279
180
706
7,887
3 720
29, 444
2 5gg
25, 331
409
534
152, 280
453
674
1,839
3-V
4,020
156,550
193, 609
.658
157, 010
257, 447
.656
138, 085
309, 894
.656
4,912
118.535
92, 625
262, 306
231, 524
4, 503
149, 075
118, 645
313, 276
279, 886
4,944
151,415
121,645
373, 855
339, 812
4,183
128,460
102, 000
420, 281
385, 445
2,121
.411
.407
.408
.406
4,275
4,425
243. 500
5, 285
323, 000
3,775
327, 900
237, 039
7,849
262, 601
8.683
365, 232
2, 423
11, 106
1,969
8,827
2,718
13, 439
14, 848
6.12
5.96
5.92
5.27
10. 910
4,522
5.05
8,800
111,250
*09
149, m
425
300
12 44
214,950
6<4M
1 398
9 120
193, 413
•jo 03S
182, 157
313
322
1,670
1,556
DAIRY PRODUCTS
Butter, creamery:
Production (factory) tthous. oflb..
Stocks, cold storage, end of month
..do
Price, wholesale, 92-score (New York)__dol. perlb..
Cheese:
Production (factory), total t
thous. of lb_.
American, whole milkf
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 , case goods:J
Condensed (sweetened)
thous. oflb..
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
. thous. oflb. .
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
,..
do
Evaporated (unsweetened)
_
.do
Price, wholesale U. P. average:
Evaporated (unsweetened)
..dol. per case-.
Fluid milk:
Production t
--. mil. oflb
Utilization in mfd. dairy products
do
Price, dealers', standard grade.._.dol. per 100 lb__
Dry rnilk:
Production:!
Dry whole milk
thous. oflb..
Nonfat dry milk solids (human food).-_._dc>
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food).-— .do
Exports:
Dry whole milk
.__._._
do,._Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food), U. S. average.
-dol. perlb..
201,425
202, 200
9,489
10, 191
4,059
.405
91.175
7,004
118,465
115,910
294, 0*7
.659
' 304, 233
.658
70 R10
3,796
S
142, 295
348, 726
.651
86 575
4.9 K 907
4 997
ciri
85, 449
2 {j"7\
15, 802
.152
.151
.149
10, 679
3, Oo3
6,186
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)....
thous. of bu_.
Shipments, carlot
_
no of carloads
Stocks, cold storage, end of month, .thous. of bu._
1
Citrus fruits, carlot shipments
no. of carloads..
11, 293
Frozen fruits, stocks, cold storage, end of month
thous. oflb.. 449, 348
Fro/en vegetables, stocks, cold storage, end of
month
„
.thous. oflb.. 419, 899
Potatoes, white:
Production (crop estimate) ...... ...thous. of bu.
Shipments, carlot
..no. of carloads..
24, 911
Price, wholesale, U. S. No. 1 (New York)
3.969
dol. per 100 lb..
306
128
509
92 584
9 7Q^
19, 894
14, 943
r
11, 320
12, 370
12, 383
9,360
6,582
6,947
5,981
6,805
12, 583
10, 145
9,270
10, 613
441, 235
456, 980
487, 259
568, 132
602, 001
580, 867
581, 706
571, 762
568, 905
593, 592
•• 635, 626
599, 771
384, 285
361, 217
384, 292
468, 377
573, 601
688, 353
737, 427
722, 109
704, 586
630, 201
' 562, 581
506, 941
373 711
19, 499
19, 171
25, 201
15, 744
11, 860
15, 797
17, 865
14, 728
15,412
20, 402
18, 870
23, 521
4.013
4.085
2.917
2.230
3.165
3.060
3.325
3.313
3.050
2.981
2,981
*3,080
' Bevised.
*> Preliminary.
i December 1 estimate.
^Revisions prior to December 1952 are available upon request as follows: Beginning 1951 for cheese, condensed milk, and nonfat dry milk solids; beginning 1952 for butter, evaporated
milk, and dry whole milk. Revisions for January-December 1952 for fluid milk production are shown in corresponding note in the March 1954 SURVEY.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May 1954
1954
1953
March
April
May
June
July
August
September
October
November
December
31, 072
25, 483
i 241.015
8, 860
January
February
March
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu__
Barley:
Production (crop estimate)
do
Receipts, principal markets
-do
Stocks, domestic, end of month:
Commercial
- -do
Exports including malt
Prices, wholesale (Minneapolis):
No 2 malting
No 3 straight
48, 094
do
dol. per bu__
do
38, 366
33, 838
30, 837
37, 322
31, 996
35, 075
30,780
9,402
8,161
7,479
6,527
8,037
25, 503
' 15, 698
11, 510
8,235
7,992
' 57, 126
2,556
7,555
5,960
9,070
12, 188
12, 222
1,064
960
2,209
14, 631
148, 842
2,478
12, 609
1,096
6,949
25, 567
1,018
3,865
1.521
1.459
1.538
1.446
1.531
1.387
1.440
1.265
1.420
1.236
1.511
1.374
1.479
1.344
11, 406
19,601
11, 134
20, 621
11, 033
24, 690
9,772
24, 231
10, 629
25,011
29, 840
21, 740
9,459
12,512
15, 774
995.3
11, 939
10, 218
8,833
9,381
(3)
1.573
1.557
(3)
1.600
1.578
(3)
1.546
1.522
4,714
4,854
11, 740
10, 828
286
8,613
12, 386
8, 566
10, 277
8,833
74, 883
2,175
416
422
1.516
1.417
1.515
1.438
1.513
1.436
1. 520
1.474
1.509
1.441
1.483
1.374
10, 769
25. 234
12, 438
52, 068
10,515
48, 836
3, 177
10, 240
18, 424
10, 021
21,389
10, 232
25, 032
11,466
24, 741
9,365
2329.6
10, 469
23, 072
45, 703
38, 221
35, 338
33, 786
1, 468. 8
8,741
13, 512
13, 146
6,860
8, 045
(8)
1.579
1.511
(3)
1.603
1.550
1.618
1.658
1.568
1.561
1.461
1.443
1.491
1.448
1.439
(3)
1.553
1.521
1. 655
1.553
1.495
0)
1.560
1.502
7,780
17, 033
24, 375
8,784
5,908
6,187
18, 348
22, 945
18, 453
452
327
27, 122
984, 324
305
22, 908
328
11, 958
2 220, 067
327
296
.782
.772
.752
.760
.770
.743
90, 896
49, 060
72, 663
76, 436
96, 375
63, 242
78, 020
55, 941
79, 454
49, 364
13,815
54, 191
74, 247
48, 063
48, 982
44, 537
49, 517
6,282
17, 044
168, 499
8,169
106, 741
9,937
147, 581
15, 567
131, 382
6,261
84, 077
450, 783
127, 449
482, 864
114, 383
.121
370, 233
113, 180
.124
235, 052
62, 057
.124
111, 633
63, 625
.124
29, 640
125, 925
.124
188, 443
56,803
.093
240
2,186
1.753
1,488
3,373
1.614
1,201
3,627
1.516
502
3,630
1.388
1,136
3,755
1.268
1,916
4,288
1.249
2
1
Oats:
Production (crop estimate)
mil of bu
6,796
Receipts, principal markets
thous. of bu_.
Stocks, domestic, end of month:
12, 734
Commercial
do
>• 454, 075
On farms
do
935
Exports including oatmeal
do .
Price, wholesale, No. 3, white (Chicago)
.797
dol. per bu_.
43. IOC
2, 138. f
10. 808
3
f1.563
)
1. 530
i 1,216
8,131
4,542
4,660
4,886
15,066
13, 406
8, 648
450, 335
310
18, 295
778,541
462
136
192
.752
.742
.794
.814
.788
.781
13, 388
4,953
194, 685
54, 068
154, 646
122, 947
149, 459
125, 900
135, 181
104, 782
118,669
78, 605
9,373
83, 259
72, 152
86, 161
65, 802
55, 934
59, 246
950, 658 1, 227, 523
212, 755
315,693
520, 281
250, 994
180, 844
204, 667
171, 225
243, 252
133. 848
169, 918
84, 161
161, 955
572, 192 1, 040, 286 1,112,950 1, 000, 652
207, 046
245, 765
153, 150
113, 178
.094
.094
.093
.085
859, 670
189, 258
.094
770, 187
200, 503
.093
654, 571
i 17, 998
1,713
11,028
1.287
292
11, 002
1.313
433
10, 309
1.249
231
tt,811
1. 151
20, 715
20, 883
19, 660
205, 870
368, 888
366, 412
328, 623
320, 777
354, 795
1, 128, 300
316, 458
Rice:
i 52, 529
r
129, 132
79, 990
Rye:
Wheat:
Production (crop estimate), total
mil. of bu_.
Spring wheat
do
Winter wheat
do
19, 833
Receipts, principal markets
thous. of bu._
'266, 933
Disappearance
do
Stocks, end of month:
272, 551
Canada (Canadian wheat)
do
' 840, 529
TJnited States domestic totaled
do
217, 258
Commercial
_
do
Interior mills, elevators, and warehouses
'
247, 706
thous. of bU101, 691
Merchant mills
do
269, 523
35, 586
Exports, total, including flour. _
do
32, 491
Wheat only
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu.
No. 2, hard winter (Kansas City)
do...
No. 2, red winter (St. Louis)-.
do
Weighted avg., 6 markets, all grades
do..
24, 986
11,085
11, 373
Orindings wet process
thous. of bu
21, 403
Receipts principal markets
_ .
do
Stocks, domestic, end of month:
37, 288
Commercial
.do
' 1, 452. 7
On firms
mil ofbu
9,013
Exports including meal
thous. ofbu. .
Prices, wholesale:
2.095
No. 3, white (Chicago).
dol. per bu..
1.562
No 3 yellow (Chicago)
do
1.540
Weighted average, 5 markets, all grades — do
Receipts principal markets
do
Stocks, commercial, domestic, end of month. -do
Price, wholesale, No. 2 (Minn.).. . dol. per bu_.
19, 855
12, 659
107 770
951
Corn:
California:
Receipts domestic, rough
_ _. thous. of lb_.
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis) , end
of month
thous. of lb_.
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills___
thous. of lb_.
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
thous. of lb__
Exports
do
Price, wholesale, head, clean (N. O.).dol. per lb—
r
2.521
2.395
(3)
2.551
2,663
6,240
1.156
924
5,923
1.226
4,877
6,008
1. 249
1
25, 917
27, 035
79, 993
281, 636
103, 118
38, 907
40, 988
189, 883
268, 135
251, 841
287, 303
205, 929
239,783
2 562, 535
2 239, 330
267, 564
211, 909
342, 428
351, 632
305, 420
1,541,569
359, 213
28,151
24,725
19, 934
16, 149
2 2183, 328
58, 408
2 73, 105
17, 554
13, 371
26, 529
23, 081
20,719
18,911
458 641
134, 477
563 569
21. 824
19, 066
2.529
2.387
2.270
2.529
2.558
2.355
2.145
2.530
2.492
2.036
1.793
2.265
2.443
2.086
1.808
2.202
2. 474
2.175
1.822
2.439
2.514
2.217
1.899
2.533
1, 168. 5
1291.0
1
877. 5
18, 403
210, 662
32, 871
31,822
324, 932
339, 156
352, 932
344, 218
377, 855
1,333,255
333, 81£
13, 107
9,524
15, 441
12, 112
' 424, 292
123, 467
424, 057
13, 262
9,679
12, 392
9,609
16, 327
13, 824
2.621
2.288
1.882
2.562
2.623
2.337
2. 015
2.578
2.601
2. 375
2.051
2.596
2.577
2.379
2.194
2.537
2.576
2.393
2. 226
2.570
.093
379, 232
104, 778
297, 873
2.602
2.417
2.327
2.545
Wheat flour:
Production:
' 18, 592 ' 17, 377 ' 17, 721 r 18, 064
' 18, 747 ' 18, 204 r 19, 469
17, 361
Flour §
thous. of sacks (100 lb )
' 20, 799 ' 17, 972 ' 18, 355 18, 962
18, 871
78.0
73.5
76.6
75.6
78.8
81.7
81.1
88.6
83.8
Operations, percent of capacity
77.6
86.7
88.2
77.0
«• 364, 610 ' r342, 515 ' 348, 062 'r357, 154 r 371, 608 ^ 365, 199 r 394, 122 r 424, 380 ' 362, 741 r 366, 297
344,611
380,153
Offal 5
short tons
376,
594
r
r
' 42. 968
40, 168
'40, 969
41, 833 '43,410
40, 222
42, 263
43, 971
42, 571
Grindings of wheat § _
_ thous. ofbu
•• 45, 393 r 48, 501 '41,836
43,729
Stocks held by mills, end of quarter
4,544
4,093
4,476
thous. of sacks (100 lb.).
4,589
4,470
1,471
1,624
1,328
1,480
1,795
Exports
...
do
1,074
1,184
1,195
1,429
776
1,538
1,537
Prices, wholesale:
Spring, short patents (Minneapolis)
5.980
6.075
5.935
5. 925
5.550
dol. per sack (100 lb.)_
6.335
6.500
6.100
6.250
6.470
' 6. 360
6.355
"6.360
5.675
5.675
Winter, hard, short patents (Kansas City) .do...
5. 275
5.675
5.150 1
6.120
6.060
5.525
5.855
5.950
5.935
' 6. 095
* 6. 055
r
1
Revised.
» Preliminary.
December 1 estimate.
2
3
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
No quotation.
9Bags of 100 lb.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 lb.
cf The total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins: such data are not included in the breakdown of stocks
§Revisions for January and February 1953 (units as above): Production—flour, 19,809; 17,068; offal, 398,365; 337,325; grindings of wheat, 46,033; 39,501.
SURVEY OF CURRENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-29
1954
1953
March
April
May
June
July
August
September
October
November
December
February
January
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 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 lb._
Steers, stocker and feeder (Kansas City).-do
Calves vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals. _
Receipts principal markets
__do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb_.
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hogSheep and lambs:
Slaughter (federally inspected)
thous. of animals..
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb._
Lambs feeder good and choice (Omaha) __do
535
1,299
1, 952
124
541
1,371
2 019
161
504
1,345
2 055
160
586
1,450
2 440
184
616
1 498
2 258
211
602
1 494
2 559
265
687
1 644
2 770
'446
776
1 782
3 095
773
658
1 609
2 997
643
634
1 653
2 342
286
546
1 541
2 245
206
518
1 302
1 844
184
660
1 511
2 320
220
21.98
21.19
29.00
21. 50
19.91
25.50
21.83
19.80
27. 50
21.73
15.22
19.50
24. 26
16. 75
23. 00
24.79
15.78
23 50
25 41
15.07
21 00
25 35
15.74
22 50
24 83
17.56
22 00
23 65
17.63
22 50
23 93
19. 83
27 00
22 96
20.02
28 00
22.88
19.81
26 00
4,962
2,785
4,325
2,358
3,643
2,031
3,607
2,119
3,276
1,837
3,396
1,867
4,059
2 169
4,994
2 665
5,540
2 950
5,194
2 721
4,712
2 503
3,883
2 098
4, 554
2 450
20.50
21.88
23.54
23.24
23.29
22.97
24.18
21.54
20.80
23.69
24.82
25.45
25. 63
13.8
14.2
15.5
15.5
16.5
15.9
15.9
15.9
15.0
16.2
17.3
17.7
17.2
1,190
1,173
122
1,100
1,115
99
1,015
1,147
131
1,055
1,108
102
1,108
1, 159
136
1,158
1,483
291
1,366
1,822
547
1,529
2,026
754
1,159
1,412
292
1,227
1,182
185
1,241
1,190
197
1,090
1,032
175
1,149
1,128
188
23.12
20.83
24.00
(i)
25.12
(i)
25.50
(i)
25. 38
17.94
23.38
17.78
19.25
15 57
19.00
16 41
19.25
18 22
19.25
18 00
20. 62
19 14
21.25
20 26
24.25
21 44
1,712
1,649
1, 537
1,617
1, 579
1,525
1, 675
1, 913
1,941
1,952
1.836
1,517
1,772
990
55
929
55
818
50
749
46
638
50
532
50
460
40
460
36
593
59
716
60
761
45
'755
57
73.3
779, 450
256, 439
1,368
826, 083
234, 891
1,794
812, 729
210,274
1,965
859, 894
190,408
2,848
877, 290
163, 626
3,073
860, 476
153, 672
2,973
925, 007
159, 376
2,273
994, 342
183 864
2,942
897, 620
215 352
13' 685
939, 793
269 668
3' 848
895, 446
247 894
1 067
761, 153
219 002
5 848
886, 182
187 045
MEATS
Total meats (including lard):
Production (inspected slaughter) ......mil. of lb_.
Stocks (excluding lard), cold storage, end of month
mil. of lb-_
Exports
-do
Beef and veal:
Production (inspected slaughter)
thous. of lb..
Stocks cold storage, end of month
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 IDS.) (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
Stocks cold storage end of month
do
Exports
--do
Prices, wholesale:
Hams, smoked, composite.--dol. per lb._
Fresh loins, 8-12 Ib. average (New York) .do
Lard:
Production (inspected slaughter)
thous. of lb__
Stocks, dry and cold storage, end of month f-do
Exports
__do
Price, wholesale, refined (Chicago) __dol. per lb_.
r
.392
.382
.385
.387
.426
.432
.451
.427
.431
.424
.431
.396
.392
58, 129
19, 945
52, 458
17,493
46, 755
14, 720
44, 558
13, 461
47, 324
10,410
49, 401
9,460
57, 474
10, 113
64, 856
10 762
51, 566
11 151
57, 079
12 232
59, 522
11 460
53, 274
T 10 808
55, 672
9 718
874, 686
770, 875
677, 203
712, 978
654, 193
614, 699
692, 034
853 449
991 497
954 712
881 313
702 169
830 303
650, 145
569, 204
7, 745
570 190
538, 025
5,210
502 42?
459, 755
6,392
533, 230
414, 227
6,768
489, 360
350, 825
6,694
469,818
265, 981
5, 865
531 761
200, 597
5,176
648 115
181 279
4,843
743 793
266 170
4 419
710 666
326 098
7 708
658 662
393' 307
5' 136
526 049
413 507
4 407
628 446
420 078
.602
.479
.592
.523
.619
.567
.650
.576
.683
.597
.675
.570
.623
.543
.544
.516
.558
.452
.673
.550
.638
.541
P . 660
.540
164, 072
239, 009
39, 862
.135
146, 255
225, 936
40, 675
.135
128, 166
200, 621
33, 841
.150
130, 863
169,311
28, 908
.140
120, 175
109, 342
33, 193
.163
105, 809
55, 637
34, 505
.183
116, 615
42, 439
24, 412
.233
149, 478
45, 205
19, 402
.205
180, 413
51, 462
32 857
.193
178, 155
74, 322
38 187
.205
162,245
75, 525
33 607
.208
128, 867
72, 920
39 558
.213
147, 106
78, 945
40, 934
140, 371
44, 435
123, 485
46, 431
117, 876
46, 075
112,460
46, 364
127, 340
56, 985
176, 385
69, 572
259 085
79, 448
287 153
65, 890
275 887
9fifi fi9f\
35, 734
24J 692
41, 189
213 °60
. 657
.509
r
p . 208
POULTRY AND EGGS
Poultry:
39, 046
Receipts, 5 markets
thous. of lb_174, 243
Stocks, cold storage, end of month
do
Price, wholesale, live fowls, heavy type, No. 1
. 333
(Chicago)
dol. per Ib
Eggs:
Production, farm
millions. . ' 6, 272
2,120
Dried egg production
thous. of lb._
Stocks, cold storage, end of month:
375
Shell-thous, of cases
65, 201
Frozen
thous. of Ib
Price, wholesale, extras, large (Chicago)
.495
dol. per doz_.
.245
. 275
.255
.255
235
5, 032
1,903
' 4, 624
2,092
' 4, 329
1,979
••4,190
1, 441
' 4, 600
1,144
' 4, 784
1,310
r
1,431
132. 294
1,513
159, 755
1, 199
152,835
827
133, 427
494
109, 869
288
86 867
137
61 014
89
42 030
.486
.517
.531
.587
.624
.613
.543
.479
.345
.325
r 6, 068
2,181
* 5, 846
2,499
816
98, 978
.497
r
230
37, 325
250
5, 239
1,242
T
P
300
OKA
280
5,448
1,698
5,476
1,865
6, 605
3,140
135
r 41 A3Q
444
90 602
.472
.450
.403
83, 931
r
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salesi__ thous. of doL.
Coeoa:
Imports
long tons
Price, wholesale, Accra (New York)._dol. per lb_.
Toffee:
Clearances from Brazil, total
thous. of bags-To United States
do
Visible supply, United States
do_._
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb._
Fish:
Landings, fresh fish, 5 ports
thous. of Ib
Stocks, cold storage, end of month
do
81,213
77, 096
63, 522
56, 041
48, 895
63, 932
104, 262
110, 496
109, 988
92, 911
85, 262
' 79, 619
21,593
.328
27, 425
.339
28, 493
.334
26, 164
.346
20, 859
.385
13, 574
.386
10, 587
.403
8, 504
.400
8 026
.449
30,242
.468
43, 394
.542
27 028
.535
1,374
776
700
2,249
999
526
634
2,152
860
411
511
1,256
1,149
685
666
1,278
860
361
531
1,470
1,286
744
582
1,320
1,870
1, 122
'812
2,130
1,544
873
628
1,261
1,814
1 164
778
1,848
1,725
1, 055
723
2,489
1,219
662
1,009
2,275
962
539
.618
.573
.553
.560
.593
.615
.615
.600
.585
.613
31, 516
119,099
34,911
109, 189
47, 314
113,581
75, 903
142, 655
75, 392
169, 686
60, 155
176, 680
45, 034
174, 640
38, 692
176, 047
34, 244
179. 370
23,950
176. 249
r
829
1 913
.577
1,409
795
735
f \ 935
.725
.760
P. 858
17 456
154.570
28 128
41 267
T
138. 468
119 9SS
l
Revised.
» Preliminary.
No quotation.
t Revised series.
Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to June 1952
will be shown later.
t Revisions for 1952 are shown in the August 1953 SURVEY.
T
SURVKY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
M a v 1954
1953
March
April
July
Mav
FOODSTUFFS AND
195-1
August
s
n
^ -
October
D
>™
^»
January
1
\rv U
March
3BACCO— Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Suear:
Cuban stocks, raw, end of month
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
short tons
Entries from off-shore
do
Hawaii and Puerto Rico
do
' 3, 935
37, 407
627. 988
192, 443
' 877, 283
Deliveries total
do
' 875, 676
For domestic consumption
__ .. do
1,607
For export
do
Stocks, raw and refined, end of month
thous. of short tons..
1, 306
441
Exports
short tons
Im ports :cf
361,182
Raw su?ar total
-- - do
303, 479
From Cuba
-...do
55, 438
From Philippine Islands
_do
Refined su?ar, total
From Cuba
_
Prices (New York) :
Raw, wholesaleRefi red:
Retai 1( 5
Wholesale
Tea imports
_
„
-- -- - do_ .
_ _ _ . . do
dol. perlb..
dol per51b
dol. per Ib
---- thous. of Ib
TOBACCO
Leaf:
Production (crop estimate)
.. . mil. o f l b
Stocks, dealers' and manufacturers', end of Quarter total
- mil. o f l b
Domestic:
Cirar leif
do...
Air-cured, fire-cured, flue-cured, and miscellaneous domestic _ _
_mil. o f l b
Foreign rrown:
Ctenrlenf
.
-.
do....
Cigarette tobacco
...do
Exports, inehidinjr scrap and sterns
thous. of Ib. _
Imports, including' scrap and sterns.
,.
do
Manufactured products:
Chewm 0 " plu^r and twist
do
Smokin 0 "
do
Snuff
do
Consumption ^withdrawals) :
CiVnretfes f small):
Tax-free
- -. millions
T^x-piid
do
Cigars dnnro), tax-paid§
thousands..
Manufactured tobacco and snuff, tax-paid §
thous. o f l b . .
Exports, dsnrettos
_.
millions, .
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o, b. destination
dol. r>er thous..
4,906
4, 676
4,364
3, 908
3,218
2, 658
3, 078
2, 083
1,737
1,607
59 948
854, 355
248, 129
12,283
530, 430
235 756
51 . 262
6°S 878
180,490
26 860
607 09fi
9
3-i 674
37 059
614. 98 A
182 958
117 506
563 878
237 561
643 637
461 177
238 494
812 373
254' 3?1
97 690
473 347
117 126
61 688
137 Q32
320 741
59 886
507 709
108 657
588 583
587, 001
1 582
599, 440
597, 627
1 813
700, 640
779, 785
10. 855
886 890
885, 1 68
1 7^°
77« 556
777. 391
1 165
844 285
842 829
1 456
641 490
639 991
1 499
5SQ °78
574 693
5 585
801 571
800 569
1 002
503 59f>
501 513
9 009
r 557 664
r 554 289
r 9 375
g92 252
821 282
1,392
685
1,423
9,095
1,312
14,326
1,103
11 473
966
21, 879
851
526
1, 186
303
1,691
3 897
1,693
596
1,668
631
1,612
745
1,357
341,705
32S, 791
225, .W
93 039
3QO 371
221,650
162, 388
339 220
238, 565
91 880
330 805
266. 009
64 491
321,374
180 291
118,650
56 920
140 910
86, 401
45 519
157 648
118,711
38 640
275 725
238. 950
36 267
305 487
236, 902
66 165
301
20 151
13 694
35 595
29 570
274, 851
62, 594
201.899
92. 486
9
' 2, 437
57 480
28 173
522 494
1-17 957
970
-—
46, 834
39, 549
55 961
48, 433
54. 78^
46, 720
40, 271
40, 226
38 937
37 178
47 760
44, 598
27, 116
26, 437
2 057
4 20
250
132
.064
.064
.064
.064
.064
.064
.064
.064
.061
.060
.060
' . 061
.490
.086
10, 590
495
086
11,141
495
086
7,943
495
4°8
500
50°
503
500
497
'085
8 760
4Q7
49*
086
086
OS 7
087
087
7 506
7,766
10, 364
085
9,215
9 491
6 851
1
r
OS 5
10 004
3t 316
v . 063
4QQ
P
0*5
086
11 580
2 046
4 539
4, 036
4, 225
4 513
391
••368
340
31 U
379
3, 908
3, 472
3, 703
::, 995
3 %7
4, 485
IS
19
167
41,020
50.10:-!
9, 086
7, 961
17
7
7
3
<?
18
35. 90:-',
178 _ .
33, 263
24, 640
7 66°
9, 578
17
7
7
3%
1*
7
7
3~
8. 7*s
1 =>
7
6
o'
QOO
194
301
5Q <
3?. 1 21
9. 268
1 63
68. 694
10, 475
81-4
8""<4
569
367
18 *T>
7' 939
8 30°
3 28]
52, 327
8. 549
j € ) 973
1 o i "n
7 47^
S 4? 4
3 376
6~ 80S
6 307
3 0""
947
138
458
352
18 3 6
3, 856
34 105
469, 164
2, 703
31 607
477, 520
2. 65S
30 5S7
507. 629
3 130
"3 304
501,499
3 339
'>() 91-1
463, 787
2 770
34 65^
497, 670
33 598
518, 748
2 813
34 gr,o
540, 121
17,056
17,887
1,813
1,331
17. 48H
1 , 4*2
17.812
1.119
15 862
1, 321
17. 539
1. 15S
18,103
1 , 535
3.938
3. 938
3. 93 S
3.938
3. 938
3. 93S
6 935
8 OH 4
3' 32S
S0f»
246
494
066
170
347
430
393
17
6
7
3
IS
18
56, 183
9. 269
181
68. 538
7, 582
30, 390
8, 125
19 019
7, 875
1 4 7';i "
5 <^S
1 '1 -"I9
6 796
183
3 % 3*4
3' ] 57
1 5 561
6* 3*9
6 07Q
3 0^3
3 535
30 ' 338
5-17, 704
3 534
9q 141
443. 532
9 7fy\
OQ q-,^
401 , 693
'> 6HQ
9p. ft-^
406, 560
18, 580
1, 17S
15, 825
1.241
15,213
1 416
14.997
1 274
14, nss
1 1S3
18.079
3. &i8
3. 938
3. 938
3.938
3. 938
3. 938
3. 93S
15,353
150
41
2, 666
2, 680
10, 934
9. 454 1
47 i
23
2, 364
1,230
8. 770
81
36
2, 034
1,033
8, 232
123
20
2 051
1,087
7,436 i
. 468
.153
.438
.123
.413
.120
724
1, 901
2, 115
2, 192
846
1,978
2, 353
1,825
51
68
2f 929
0
KQ~
e\
r
>K)
18
6
"~
3
476
865
900
711
9 gp>91 29^
476, 514
LEATHER AND PRODUCTS
HIDES AND SKINS
1
i
Imports, total hides and skins. ...
thous. oi Ib.. ]
Calf and kip skins
thous. of pieces.. >
Cattle, hides
do
i
Goat and kid skins
._ do_ . j
Sheep and lamb skins
.
..
do....;
Prices, wholesale (Chicago): 1
j
Calfskins, packer, heavy, 9 /1/15 lbs._ dol. per l b _ _ ;
Hides, steer, heavy, native, over 53 Ibs
do
i
I
1.3,093
217
41
2,870
1, 759
.563
.128
18,407 i
123
18, 106 !
253 :
20. 258
26.8
3,055 i
4,466 !
3.032
3,820 i
2,731
4.240
3, 16« '
'.'. r>i
1 , 893
2. 760
.513 !
.138 |
.613 1
.153 ;
.625
.150
. 513 i
.158 i
si ;
21 :
47
15,807
187 •
91 '
1M.M4-")
1S^
L'6
. 513
.170
. 500
.170
208
40
1,726
1,157
. 400
. 148
LEATHER
\
j
production:
,
Calf and kip
thous. of skins..!
936
871 1
849 i
827 1
685
790
804
8X>
;
Cattle hide
.....thous. of hides .!
2,020
2.133
2,117 ' 1,998
2, ()(k5
1,815 i 1,978
1, S93
2,979
j
2,922
j
3,
121
2,828 '
2,354
Goat and kid.
thous. of skins. .,']
3, 172
2. 24 1
2. 580
Sheep and lamb
do.. '
2,319
2,435 i
2,618 ;
2,520 1
2,103 !
2,558
2; 433
2, 409
1
1
i
Exports:
;
Sole leather:
i
Bends, backs, and sides....
.thous. oflb.J
42
23 |
65 i
24
23
21
52
OfTal, including belting offal..
do
i
76
73 !
55 |
53
75
21
56
63
Upper leather
_ , . thous. of sq. ft <
2,996
4.002 !
3,959 !
3,492
2, 825
2, 840
3, 383
2,996
Prices, wholesale:
Sole, bends, light, f. o. b. tannery.... dol. perlb.J
.690
.680 i
.725 j
.720 |
. 690 '
. 690
.690
.670
Upper, chrome calf, B and C grades, f. o. b. tannery
dol. per sq ft
1 013
1.007 !
1.125 '
1.127 !
1.082 i
1 . 0 4 2 1.042
1.002
r
Revised.
v Preliminary.
1
December 1 estimate,
cf Revisions for 1952 are shown in the April 1954 SURVEY. r
9 Data for January -June 1953 represent price for New Yo k and Newark; then-after, for Ne \v York and North eastern NL w Jersey,
§ Revised to represent data based on number of stamps used by manufacturers; revisions ~>r or to May 1952 wil1 be shown later.
59
1 "0
898 ..........
i> , 413
r . 105
. 413
' . 103
'801
1,953
2, 262
1,648
791 .
2,015 ...
2,330
....
1,854 ...........
26
39
3,159
21
29
3, 160
3 438 '
.675
.655
.665
. 660
7- . 660
. 993
.998
.985
. 948
r . 950
r
O"~»
i
SUKVEY OF CUEKENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-31
1953
March
April
May
June
July
1954
August
September
October
November
December
January
February
March
LEATHER AND PRODUCTS—Continued
LEATHER
MANUFACTURES
Shoes and slippers:
Production, total thous. of pairs __ ' 49, 053
Shoes, sandals, and play shoes, except athletic,
f 44, 409
total
thous of pairs
By types of uppers :rf"
37, 520
All leather
do
6,559
Part leather and nonleather
do
By kinds:
9,125
Men's
do
1,622
Youths' and boys'
do__
'
23,
275
Women's
do
6,527
Misses' and children's
do
3.860
Infants' and babies'
do
4,050
Slippers for housewear
do
265
Athletic
. do
320
Other footwear
do
468
Exports
. do
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide
110.3
upper, Goodyear welt
1947-49=100..
Wofnen's oxfords (nurses'), side upper, Good117.1
year welt
1947-49= 100. .
113.4
Women's and misses' pumps, suede split, -do
44, 968
41, 858
40, 824
40, 297
42, 804
39, 902
40, 121
33, 522
38, 200
40, 093
41,359
40, 193
36, 979
35, 790
34, 972
36, 539
33 376
33 183
28 Oil
34 389
37 460
38 391
33, 898
6,295
31, 986
4,993
31, 745
4, 045
31, 630
3,342
33, 255
3,284
30, 404
2,972
29 842
3,341
24 987
3 024
30 296
3 914
i 133 333
6 760
i 33 873
i 7 486
8,979
1,474
20, 765
5,436
3,539
4,271
279
225
353
8, 532
1, 574
18, 490
5,139
3.247
4, 375
280
224
348
8,136
1,595
18, 161
5,077
2,821
4, 533
258
243
253
7,560
1,637
18 687
4,603
2, 485
4,790
269
266
313
7,963
1,696
19 077
5,107
2,696
5,697
296
272
421
7 670
1 457
16 602
4 883
2,764
5 981
283
262
446
8 006
1,390
15 690
5 130
2,967
6 407
273
258
419
6 801
1 124
12 921
4*363
2 802
5 039
262
210
330
8 087
1 362
16 490
5 3«6
3 064
3 305
290
216
251
7 851
1 470
19 472
5 465
3 202
2 123
239
271
239
7 625
1 455
20 717
5 432
3 162
2 41°)
247
302
411
8 367
1 711
23 047
5 713
3 619
3 547
230
284
110.3
110.3
110.3
110.3
110.3
110.3
110 3
110 3
110 3
110 3
110 3
P 110 3
117.1
110.7
117.5
110.7
118.1
110.7
118.1
110.7
118.1
110.7
118.1
110.7
118.1
110.7
117 5
112.3
117 5
112.3
117 5
112.3
117 5
112.3
p 117 5
p 112. 3
43, 657
135, 528
74, 200
211,621
47, 134
43 587
1
38 103
9, 031
1
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Exports, total sawmill nroducts
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. f t _ .
Sawed timbcrj
do
Boards, planks, scantlings, etct
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4'', R. L.
dol. perMbd. ft..
Flooring, B and better, F. G., 1" x 4", R. L.
dol. p e r M b d . ft..
Southern pine:©
Orders, new
mil. bd. ft._
Orders, unfilled, end of month
_
do
Production
do
Shipments
._
do
Stocks, gross (mill and concentration yards), end
of month
__
_._
mil. bd. ft
Exports, total sawmill products
M bd. f t _ _
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.perMbd.it..
Western pine:©
Orders, new mil.bd.it
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8".
dol. per M bd. ft
47, 247
239, 270
58, 631
219, 381
53, 192
242, 183
53, 765
270, 350
53, 037
253, 021
54, 245
246, 389
52, 777
253, 650
50, 919
243, 520
48, 733
220, 063
54. 109
197. 952
'3,311
641
' 2, 670
' 3, 450
786
' 2, 664
'3,511
660
' 2, 851
' 3, 632
806
' 2, 826
' 3, 271
545
' 2, 726
' 3, 385
704
' 2, 681
'3,437
622
'2,815
' 3, 423
688
' 2, 735
'3,351
'675
' 2, 676
' 3, 228
647
' 2, 581
' 3, 429
765
' 2, 664
' 3, 238
661
' 2, 577
' 3, 486
790
' 2, 696
' 3, 230
627
' 2, 603
' 3, 540
792
' 2, 748
' 3, 252
650
' 2, 602
' 3, 078
718
' 2, 360
' 2, 875
624
' 2, 251
' 2, 875
638
' 2, 237
' 2, 706
550
' 2, 156
2,749
643
2,106
2,604
526
2,079
2,901
680
2,221
2,808
612
2, 196
3, 358
690
2,66S
3, 353
599
2,754
' 7, 921
2.947
' 4, 974
' 7, 799
2,801
' 4, 998
' 7, 686
2,642
' 5, 044
' 7, 700
2, 576
' 5, 124
' 7, 823
2,604
' 5, 219
'8,034
2,708
' 5, 326
' 8, 290
2,871
' 5, 419
'8,577
3,012
' 5, 565
' 8, 782
3,107
' 5, 675
' 8, 950
3,194
' 5, 756
9, 132
3,311
5,821
9,221
3,379
5,842
9,227
3, 470
5, 757
971
'926
966
952
1.021
22, 393
6, 800
15, 593
' 1, 042
'963
'948
'988
'980
30, 276
14, 691
15, 585
'824
'895
'891
'873
'999
29, 067
16, 245
12, 822
'857
'839
'889
'899
'989
18, 058
7,138
10, 920
'826
878
'762
'774
'977
21,390
12, 528
8,862
'707
786
'780
'790
'987
17, 968
7,499
10, 469
'795
746
'828
'822
'992
24, 986
12, 993
11, 993
826
715
830
848
974
24, 422
11,842
12, 580
753
717
758
742
991
21, 451
10, 505
11, 615
7P8
750
753
757
987
28. 161
10,619
17, 542
813
111
763
779
1,002
21, 440
8,490
12, 950
863
855
791
778
1,011
39, 609
19, 937
19, 672
1 Q33
865
963
1,013
961
' 73, 941
p 74. 400
83. 405
82. 845
79. 009
78. 064
77. 252
76. 972
75. 187
74. 347
73. 122
73. 409
73. 395
126. 232
127. 049
126. 396
126. 396
126. 085
126. 085
125. 930
125. 113
123. 978
125. 612
124.950
752
356
767
746
803
383
830
776
739
376
754
746
709
344
767
741
714
306
764
752
673
287
707
692
693
269
707
711
660
237
767
692
623
230
673
630
531
202
651
559
595
201
684
596
680
251
687
630
742
257
761
736
1, 655
5,821
1,621
4,200
1,709
5,123
1,139
3,984
1,717
5,262
1, 335
3,927
1, 743
5,590
1,126
4,464
1,755
7,981
2,619
5,362
1,770
8,549
810
7,739
1,766
3,952
1, 105
2,847
1,841
4, 662
1,005
3,657
1,884
4,901
1,098
3, 803
1,976
5, 700
640
5, 060
2, 064
3,986
1,268
2,718
2,121
6, 380
1,528
4,852
2,146
' 125, 922 P 125. 922
80. 675
80. 487
79. 439
78. 748
78. 227
77. 614
77. 703
76. 545
76. 549
75. 665
74. 359
' 72. 092 » 72. 229
159. 360
158. 748
156.604
156. 604
157. 829
157. 523
157. 523
157. 217
156. 298
155.685
155. 379
155. 379 v 154.214
'631
'448
'573
'617
1,479
'628
'419
'659
'657
' 1, 481
'657
'410
'684
'666
' 1, 499
'649
'371
746
688
1,557
714
400
761
685
1, 633
664
355
782
711
1,704
678
342
767
'691
1,781
722
380
759
684
1, 856
491
317
583
554
1, 885
547
342
512
523
1,874
472
366
395
447
1,822
512
383
444
496
1,770
662
418
568
628
1,710
84.07
•85. 00
85.04
84.92
83. 26
81.10
76.11
70.84
70.04
70.65
71.71
70.90
P 71. 028
339, 259
338, 115
100, 073
351, 913
344, 257
107, 562
334, 309
335, 972
106, 057
345, 269
341,083
110, 662
281, 542
278, 267
113, 512
SOFTWOOD PLY WOOD {
Production
thous. of sq. ft., %" equivalent. _
Shipments
do ...
Stocks, end of month
do
2
2
2
254, 756
253, 635
113, 871
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
M bd. ft
4,525
5,075
4,150
5,250
4,275
4,400
3,300
3,975
3,575
3,850
5,150
4,200
4,550
Orders, unfilled, end of month
do
9,900
10, 450
10, 350
10, 050
9,800
9,500
8,450
8,100
7,850
9,250
9,300
9,450
10, 000
Production
do
4,200
3,875
3,500
4, 150
3,100
3,950
4,100
4,750
3,775
4,300
3,950
3,900
4,600
Shipments
do
4,250
4,125
4,050
5,150
4,350
4,300
3,850
3,925
3,750
3, 750
3,825
3, 650
3,900
Stocks, mill, end of month
do
10, 525
10, 100
10, 600
8, 025
8, 950
7,650
7,650
8,500
8,675
9,300
9,750
9,850
10, 500
' Revised.
* Preliminary.
1 Data are basecl on total production of shoes aiad slippers . Compai able figure s for 1953 ai e as follows (thous. p airs): All Itrather— Jan uary, 37,6 47; February, 33,885; March, 39,339; December, 31,987; part leat her and ncmleather— January, 7 ,921; Febrilary, 7,987 March, 9, 714; Deceniber, 6,213.
2 Serie 3 discontin ued with AAugust dat
cf The figures include a comparatively small nu tnber of 4*o ther footw 3ar" which is not sho wn separa ely from s iocs, sanda Is, etc., in the distribution by tjfpes of uppers; there 2i.
ire further
small differences between the sum of the figures and the totals f or shoes, seindals, and play shoes , because t he latter, a nd also the distributi on by kinc s, include small re vis: ons not av ailable by
types of uppers.
©Revised monthly data (for production, shipme tits, and st ocks; also (>rders, exce pt for all t ypes of luinber) are f ivailable u pon reques t as follow s: January 1950-Febnlary 1953 f or lumber
(all types); January 1952-February 1953 for Douglas Br; Januaryf-Decemb( >r 1951 for iSouthern p ne; Janua ry 1950-Fel)ruary 1953 for Weste rn pine.
JRevision s for 1952 fc r exports of sawmill
products will be shown later; those for 1952 for softw ood plywc)od appear in the Au^'list 1953 S [JKVEY.
SUKVEY OF CURKENT BUSINESS
S-32
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May 1954
1954
1953
March
April
May
June
July
August
September
October
November
Decem-
January
ber
February
March
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING—Continued
Oak:
Orders, new 7
Orders , unfilled , end of month
Production
_
__
Shipments
Stocks, mill, end of month -
_
M bd. ft .
-do
do
do
do
98, 269
86, 161
79, 615
85, 226
62, 064
84, 222
86, 584
84, 371
88, 359
55, 268
65, 466
77, 419
77, 825
80,635
52, 458
62, 004
62, 965
79, 466
79, 821
52,083
73, 043
60, 034
81,390
83,100
50, 373
74, 238
54, 735
78, 243
79, 537
49, 079
73, 874
52,885
81, 474
79,581
50, 971
76 085
50,082
86, 213
84, 572
52, 612
68 178
46, 584
76, 703
73 924
55, 391
70 910
47, 688
81, 218
71 221
64, 149
80,206
54,743
77,282
73, 151
68,289
89, 079
68, 085
75, 518
75, 737
68, 070
311, 926
59 408
86,632
1,325
300, 433
66,790
70, 461
2,016
" 4, 974
r 3 241
1 733
5, 123
1 004
4,806
3 040
J» 1, 767
v 4, 912
v 6, 940
3,068
1 749
7 041
2,982
1,653
8 399
99 618
76, 534
89, 459
89, 853
66, 173
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, total 9
short tons. _ 313, 602
16,033
Scrap
-- - do
181, 185
Imports, total 9
-do
10, 185
Scrap
._
do
293, 137
17,417
266, 254
11, 255
306, 737
17, 699
261, 581
3,138
285, 050
19, 416
271, 910
15,032
251, 365
15, 988
318, 519
22,083
235, 664
37, 475
272, 106
18, 669
243, 571
25, 477
241, 726
14, 438
270, 433
30 041
210, 830
7,104
277, 137
36 065
190 054
9,897
326 635
51 953
144 488
2,294
7,167
3,859
3.309
7,321
6,569
7,091
3,825
3,266
6,974
6,694
6,959
3,801
3,157
7,050
6,603
6,451
3,688
2,763
6, 665
6,395
6,368
3,594
2,775
6,204
6,560
6,644
3,675
2,969
6.314
6,893
6,174
3 607
2,567
6,043
7,033
6,057
3 693
2,364
6,304
6 780
5,700
3 472
2 228
5,672
6 816
5,588
3 472
2 116
5,253
7 152
4,113
2,181
10, 031
9,971
10, 486
9,516
14, 287
15,002
8,851
15,368
15,663
8,556
15, 719
16, 534
7,739
15, 473
16,284
6,943
15, 143
15, 457
6,614
12,290
13, 512
5,396
6,392
6 998
4 800
3,183
2 099
5 377
313
8,404
7,764
21, 572
18, 816
2,757
13, 597
8,358
26, 247
23. 198
3,049
15, 237
8,150
45, 579
39,988
5,591
1,109
13, 214
7,699
51 , 767
44, 612
7,155
1,137
11 538
8,131
55 699
47, 419
8 280
1,085
5 300
7,522
54 981
46,896
8 085
0
o
966
14, 497
8,239
38, 829
34, 443
4,386
1,148
o
780
13, 745
8,056
32, 070
28,526
3,544
1,125
0
8,257
22, 065
19, 026
3,039
7,022
48 815
41, 145
7 671
6,996
41 974
34 797
7 178
5,787
36, 386
29,661
6,725
836
795
5,932
30 587
24, 553
6 035
96
95
103
••134
127
89
90
134
71
112
110
92
1,376
1,264
1,306
1,277
1,272
1,186
1,246
1,196
1,233
1,056
1,223
1,069
1,170
1, 106
1,076
1 142
1 004
955
1 032
553
872
932
488
865
936
492
Iron and Steel Scrap
Production and receipts, total* .thous. of short tons_Home scrap produced*
do
Purchased scrap received (net)*
do _ .
"Consumption, total
do
Stocks consumers' end of month
__ do
r
r
r
p 5, 103
P 3 181
p 1 922
v 5, 195
*6 812
Ore
Iron ore:
All districts:
Mine production
thous. oflong 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
576
965
948
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders, unfilled, for sale
thous. of short tons
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale
short tons
Shipments, total _
do
For sale
-do
Pig iron:
Production
thous. of short tons..
Consumption
.
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons.Prices, wholesale:
Composite.dol. per long ton
Basic (furnace)
_
do
Foundry , No. 2, f. o.b. Neville Island ._ do
Steel, Crude and Semimanufactures
675
683
642
648
573
589
612
977
650
564
177, 776
94, 481
57, 025
174, 514
95,923
57, 757
160, 387
82,050
48, Oil
151, 016
86, 514
50, 819
137, 251
77, 111
45, 413
120,801
73, 855
45, 415
114,523
74, 333
45, 466
104, 046
73, 473
45, 515
93, 156
63, 435
37,500
95, 612
72,126
39, 657
85 565
70,288
38 266
81, 579
69, 078
37, 792
6,677
6,577
6,231
6,236
6,587
6,546
6,373
6,251
6,516
6,249
6,472
6,353
6,202
6,024
6,498
6,421
6,063
5,963
5,779
5 703
5,580
5 525
4,811
4,809
4,959
*>4 892
1,895
1,876
1,887
1,977
2,298
2,368
2,511
2,527
2,660
2,800
2, 764
2,829
p 2, 857
54.73
54.50
55.00
54.73
54.50
55.00
54.73
54.50
55.00
54.80
54.50
55.00
56.22
56.00
56.50
56.23
56.00
66.50
56.10
56.00
56.50
56.03
56.00
56.50
56.03
56 00
56.50
56.03
56 00
56.50
56 03
56 00
56.50
56.03
56 00
56.50
56.03
P 56 00
P 56. 50
140 702
106, 788
25, 354
114 088
84, 945
17 784
123 281
91,017
18 685
122 758
93, 577
20 058
116 520
88,699
17, 756
797 523
155, 772
112 803
42,969
740 127
143, 239
103 113
40, 126
650, 533
142, 603
98 915
43,688
637 896
138, 926
101 523
37, 403
539 194
126, 888
94, 164
32, 724
488 780
130, 224
95 529
34, 695
9,463
8,690
7 946
7 951
7,083
80
75
74
7 290
.0524
.0524
.0524
.0524
.0524
72. 00
.0438
272.00
2
. 0438
272.00
2.0438
72. 00
2. 0437
f 2 72. 00
* 2 . 0437
36.50
36.50
33.50
30.50
28.50
P 25. 50
3,748
2 101
••90
3 404
1 848
3 231
2 003
3 538
1 600
3 141
1 681
3 066
1 9*0
' 73
Steel castings:
179, 615
165, 649
164, 665
139, 577
182, 181
141, 340
135, 303
Shipments, total
short tons
140, 051
126, 380
125, 984
105, 687
107, 941
102, 880
141, 873
For sale, total _
do
29, 552
22, 925
34, 035
34, 364
30, 381
25,026
24, 108
Railway specialties
_
do
Steel forcings:
882, 034
1, 197, 291 1, 081, 838 1, 239, 057 1, 135, 343 1,080,582 1 974, 153
Orders, unfilled, for sale _
do
191, 189
155, 288 i 150, 512
185, 323
196, 441
200, 152
153, 173
Shipments, for sale, total
do
140, 510
134, 686
112, 848 1 110, 926
132, 580
147, 701
110, 305
Drop and upset
- _
do
1
52, 743
55, 931
56,503
42, 440
52, 451
42, 868
39, 586
Press and open hammer
do
Steel ingots and steel for castings:
9,546
9,404
9,406
9,997
9,276
10, 168
8,883
Production
- thous. of short tons
99
100
93
102
97
94
92
Percent of capacity!
Prices, wholesale:
.0524
.0501
.0513
.0498
.0524
.0524
.0498
Composite, finished steel
dol. per lb__
Steel billets, rerolling, f . o. b. mill
2
2
2 72. 00
72.00
59.00
262.00
69. 00
59.00
272.00
dol. per short ton_.
2
.0420
. 0413
2 . 0413
2.0438
2 . 0438
2.0438
Structural steel, f. o. b. mill
dol. per lb_.
.0420
Steel scrap, heavy melting (Pittsburgh)
39.50
44.00
44.00
40.50
44.50
45.50
40.50
dol. per long ton__
90
95
.0524
2 72. 00
2
. 0438
2
2
r
2
69
Steel, Manufactured Products
garrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands
Shipments
do
Stocks, end of month
do
4,878
1 981
68
4,804
2 068
90
4,393
2,054
4, 459
2,086
3,901
1 975
4,013
2 026
81
90
117
94
4,052
1 950
123
88
78
71
68
r
Revised. * Preliminary.
* Data beginning August 1953 represent estimated industry totals based on forge shops whose shipments in 1947 accounted for over 90 percent of total shipments; earlier data are estimated totals based on a different sample. 2 Data beginning May 1953 represent quotations for a substituted series.
9 Revisions for 1952 are shown in the April 1954 SURVEY.
*New series; compiled by the 17. £ Department of Interior, Bureau of Mines. Data prior to 1953 are not available for publication.
JFor 1954, percent of capacity is calculated on annual capacity as of January 1,1954, of 124,330,410 tons of steel; 1953 data are based on capacity as of January 1,1953, of 117,547,470 tons.
SURVEY OF CURRENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-33
1954
1953
March
April
May
June
July
August
September
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 _.
Urowns, production
thousand gross..
Steel products, net shipments:
Total
thous. of short tons
Bars* Hot rolled all grades
do_
Reinforcing
do__
Semimanufactures
do
Pipe and tubes
do.
Plates
do
Kails
-do
Sheets
do
Strip- Cold rolled
do
Hot rolled
do.
Structural shapes, heavy
.
do
Tin plate and terneplate
do
Wire and wire products
do
279, 294
162, 539
116, 755
238, 836
1,296
27, 627
304, 638
174, 879
129, 759
255, 795
1,338
27, 772
305, 205
177, 976
127, 229
259, 822
1,307
29, 317
357, 767
220, 481
137, 286
311,575
1,348
31, 605
446, 772
299, 306
147, 466
407, 362
1,281
30, 752
506, 215
360, 564
145, 651
457, 387
' 1, 259
29, 155
484, 561
346, 645
137, 916
432, 830
1,226
27, 244
368, 917
239, 111
129 806
329, 545
p
1,283
24, 746
314 408
190 280
124 128
280, 289
1,097
22, 378
192, 403
123,416
68 987
155, 000
1.137
21, 972
264, 708
161, 320
103, 388
224, 580
1,089
24, 581
260, 053
157, 880
102, 173
225, 597
'1,207
26, 572
1,410
31, 680
7,437
894
173
415
902
707
168
1,982
205
210
416
448
471
7,162
838
155
357
880
650
150
2,007
194
206
414
442
447
7,209
873
159
352
828
698
161
2,003
187
214
417
459
449
6,950
843
157
329
847
614
162
1,924
190
210
397
441
426
6,583
794
166
295
801
587
156
1,957
151
161
414
405
328
6,499
750
148
252
778
586
150
1,921
188
195
391
390
378
6,401
723
163
232
833
586
162
1,864
191
192
393
340
349
6,727
758
161
232
864
644
164
2,003
194
180
442
361
329
5,904
633
140
190
728
609
182
1, 768
169
151
443
303
270
5,685
586
125
190
714
633
185
1,674
140
116
481
266
264
5,728
569
111
169
664
572
178
1,738
123
127
473
411
292
5,365
549
113
165
664
529
178
1,519
113
116
438
393
314
5, 584
546
125
161
748
544
166
1,496
112
120
437
475
366
102, 071
355, 895
105, 464
345, 619
104, 152
427, 849
109, 285
390, 184
110, 545
442, 171
109, 333
402, 340
108, 219
363, 945
105, 636
400, 077
110, 291
434, 958
116,247
438, 392
110, 483
462, 577
122, 339
.0892
.0875
.0892
205. 4
153.9
84.3
.417
196.5
51.2
145.3
80.5
.417
170.0
93.0
v. 417
' 65, 299
71,248
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
..short tons.. 104. 460
339, 349
Imports bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
.0995
dol. perlb_.
Aluminum fabricated products, shipments,
i ' 274. 3
total
mil. of Ib
59.4
Castings
do
i r 214. 9
Wrought products total©
do
127.1
Plate and sheet©
do
.429
Brass sheets, wholesale price, mill
__dol. perlb..
Copper:
Production:
Mine production, recoverable copper
80, 886
short tons..
Crude (mine or smelter, including custom intake)
short tons__ 101, 825
112, 016
Refined
do
133, 462
Deliveries refined domestic
do
55, 807
Stocks, refined, end of month
do
Imports total 9
do
TTnrefined including scrap 9
do
Refined 9
do
Price, wholesale, electrolytic (N. Y.)-dol. perlb..
Lead:
Ore (lead content):
Mine production
short tons
Receipts by smelters, domestic ore
do
Refined (primary refineries):
Production
do
Shipments (domestic)
do
Stocks end of month
do
Price, wholesale, pig, desilverized (N. Y.)
dol.perlb__
Imports, total, except mfrs. (lead content) 9
8,645
52, 387
20, 486
31, 901
.2929
.0838
.0936
.1000
.0900
.0900
. 0825
.0996
' 220. 0
129.2
.429
|267. 3
57.6
T
209. 7
123.6
.429
«• 262. 4
56.8
r
205. 6
r
121.2
.429
' 254. 4
51.7
r
202. 8
r
123. 4
.429
' 241. 9
50.9
r
191.0
r
117. 8
.429
' 237. 8
53.7
r
184. 1
r
111.8
.417
' 241. 5
55.4
r
186. 1
113.6
.417
' 200. 3
51.4
'148.9
89.4
.417
79, 706
80, 850
73, 635
76, 492
75, 581
75, 442
80, 005
75, 165
77, 019
74, 697
95, 890
113, 782
142, 382
48, 382
6, 551
70, 191
39, 309
30, 882
.2990
93, 197
117, 929
146, 215
52, 762
8,669
67, 662
32, 059
35, 603
.2968
84, 948
127, 294
139, 300
58, 126
7,278
80, 943
39, 993
40, 950
.2969
88, 063
122, 036
104, 481
77, 100
13, 317
66, 200
48, 201
17, 999
.2969
84, 953
108, 974
106, 985
78, 825
18, 064
48, 348
32, 087
16, 261
.2961
86, 748
114,760
104, 886
72, 907
18, 249
57, 676
48, 261
9, 415
.2962
92, 435
126, 138
110,519
84, 303
18 870
51, 095
35, 351
15, 744
.2960
85, 724
119, 230
100, 908
93, 274
15, 827
32, 414
26,011
6,403
. 2965
88, 732
123. 296
112, 244
89, 193
26, 416
32. 261
19,116
13,145
.2967
84,216
111,553
77, 091
108, 121
30, 472
34, 790
20, 533
14, 257
.2967
.0924
r 281. 6
61.6
r
.1033
' 201. 2
52.0
149.2
91.2
.417
r
r 51. 4
31, 347
32, 660
31,052
31, 557
29, 045
28, 793
28, 349
30, 753
26, 364
27, 339
26, 083
27, 709
26, 474
27, 637
26, 652
27, 934
24, 671
26, 904
27,107
28, 812
24, 695
26, 202
47, 993
42, 242
62, 371
46, 729
39, 487
69, 608
43, 187
48, 914
63, 879
36, 880
44, 140
56, 569
40, 210
35, 652
61, 017
38, 022
40, 836
58, 103
42, 154
41, 598
58, 490
44, 741
44, 987
58, 236
52, 562
43, 234
67, 494
48, 687
35, 007
81, 152
48, 518
37, 108
92, 496
r 74, 428
103, 496
* 89, 017
118, 417
25, 499
55, 617
41, 155
14, 462
. 2967
r
81, 630
117, 546
95, 795
125, 759
.2969
27, 443
29, 342
29,150
31,520
42, 046
36, 551
97, 981
50, 808
47, 837
100, 927
.1294
.1340
.1268
.1275
.1341
.1368
.1400
.1374
.1350
.1350
.1350
.1326
.1282
36, 430
42, 815
43, 612
45, 891
30, 796
41, 234
22, 039
34 107
39, 873
30 570
43, 043
46, 957
4,071
7,788
5,162
17,629
5, 206
12, 423
3,968
7,680
5,192
16, 029
4,402
11,627
3,286
7,562
4,985
13, 592
2,135
11, 457
3,245
7,508
4,989
13, 391
1, 935
11, 456
3,151
6,580
4,329
16, 932
4,935
11, 997
2,7S8
6,619
4,257
20, 340
7,536
12, 804
2,962
6, 855
4,276
23, 466
10, 436
13, 030
3,011
6,519
4,001
26 164
13,086
13, 078
2,964
5, 826
3,698
28, 460
15,717
12, 743
2,986
6,182
3,822
32, 928
18, 467
14, 461
2,957
6,260
4, 060
35, 674
22, 767
12, 907
3,232
6.350
4,230
39, 389
26, 646
12, 743
do
do
dol. per lb_.
4, 573
6,686
1. 2140
1,915
7,229
1.0111
2,017
6, 739
.9746
4,230
5, 495
.9295
2,798
5, 821
.8163
1,214
6, 992
.8068
2,376
6,388
.8085
3, 329
5, 067
.8319
3,648
5,802
. 8461
2,781
6, 170
.8483
2,417
3, 987
.8504
.9188
short tons..
51, 680
51, 103
47, 790
46, 365
42, 305
40, 965
39, 188
38, 771
36, 460
37, 745
38, 852
38, 122
40, 479
_. do
do
do
do
Louis)
dol. per l b _ _
Imports, total (zinc content^
short tons
For smelting refining and export 9
do
For domestic consumption:
Ore (/inc content) 9
do
Blocks, pigs etc
do
83, 485
77, 285
72, 388
99, 864
80, 459
86, 043
78, 211
94, 280
82, 422
84, 250
75, 648
92, 452
81,617
76, 784
72, 612
97, 285
80, 825
74, 204
69, 498
103, 906
83, 241
69, 250
65, 450
117, 897
81, 211
57, 547
55, 167
141, 561
84, 031
67, 175
65, 470
158, 417
75, 891
68, 685
63, 617
165, 623
79, 116
63, 896
55, 487
180, 843
7S 561
60, 692
54, 865
198, 712
68, 020
66, 738
57, 781
199, 994
71,186
70, 080
66, 929
201, 100
.1103
53, 767
3,859
.1100
51, 857
473
.1100
75, 808
338
.1100
102, 632
143
.1100
66. 834
182
.1098
54, 950
49
.1018
53, 446
124
.1000
61, 532
325
.1000
48, 538
2,831
.1000
73, 246
4,454
. 0976
66, 323
2,455
.0938
63, 908
6,704
. 0964
28, 020
21, 888
26, 601
24, 783
47, 708
27, 762
64, 206
38, 283
41, 600
25, 052
38, 882
16, 019
42, 062
11, 260
51, 095
10, 112
3i>, 198
9,509
58, 352
10,440
52,419
11,449
48, 525
8,679
Tin:
Production, pig§
Consumption pig total §
Primarv§
Stocks pi? end of month total 5
Government§
Industrial §
Imports:
Ore (tin content)
Bars blocks pier" etc
Price, wholesale, Straits (N. Y.)
Zinc:
Mine production of recoverable zinc
Slab zinc:
Production
Shipment"!, total
Domestic
_ __
Stocks end of month
Price, wholesale, prime Western (St.
long tons
do
do
do
do
do
1,910
5, 372
. 8231
r
HEATING APPARATUS, EXCEPT
ELECTRIC
Radiators and con vectors, cast ironrcf
2,435
1,821
1,740
1,896
Shipments
thous. of sq. ft
2,591
2,477
2,095
2,041
3,336
2,782
3,345
3,840
4,625
6,292
8,404
7,152
Stocks, end of month
do
5,310
6,745
5,957
9,085
6,126
6,327
7,909
5,986
Oil burners: t
53, 904
64, 173
56, 336
44 631
74 416
79 735
95 622
Shipments
number
43 177
44 966
100 955
103 493
62 010
67, 262
Stocks, end of month
do
78, 784
86, 387
72, 021
86, 635
67, 613
75, 110
71, 687
76, 858
81, 190
77, 821
65, 238
r
Revised.
p Preliminary.
1 Revisions for January and February 1953, respectively (mil. Ib.): Fabricated products, total, 244.1; 241.0; wrought products, total, 188.4; 186.2.
© Data beginning January 1954 are based on a more comprehensive survey. Comparable figures for December 1953 (mil. Ib.): Total wrought products, 150.7; plate and sheet, 90.9.
9 Revisions for 1952 imports are shown in the April 1954 SURVEY.
§ Substituted series. Compiled by the Lr. S. Department of Interior, Bureau of Mines; monthly data for 1951 and 1952 appear on p. 24 of the March 1954 SURVEY. Government stocks
represent those available for industrial use.
cfData beginning June 1953 are compiled by The Institute of Boiler and Radiator Manufacturers and represent substantially complete coverage
of shipments of cast iron radiators and convectors.
JRevisions for January-July 1952 are shown in a footnote on p. S-33 of the January 1951 SURVEY.
SURVEY OF CUKRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May 1954
1953
March
April
May
June
July
1951
Se
m
August | g£ '
October
November
December
January
February
176, 297
150, 392
5,516
134, 904
«- 151 ,397
* 4, 683
r
137, 768
1 67. 786
6 110
1 53. 239
*, 4,37
74 542
0, 1 1 7
33. 364
35, 051
March
METALS AND MANUFACTURES—Continued
HEATING APPARATUScf— Continued
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
number. .
Coal and wood
do
Gas (incl. bungalow and combination) ._ -do
Kerosene sa^oline 0and fuel
oil
do
Stoves domestic beatin " ^h p r iic 'irs total
do
Coal and wood
do
Gas
_
do
TCerosene gasoline and fuel oil
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total . __
number..
Gas
_do
Oil
do
Solid fuel
do
171,491
5,796
159,515
203, 752
6,180
297 809
47, 056
9.231
396, ?68
51,8n
221, 532
122, 895
228, 602
8, 125
210, 048
10, 429
147, 598
17, 218
78, 544
51, 836
238, 851
7,420
220, 939
10,492
137, 623
20, 782
72, 366
44, 475
197, 483
5,075
181, 682
10, 726
154 965
25, 503
78, 136
51, 326
179. 651
r;
72, 8C9
97, 649
64.115
32, 748
27, 353
4,014
211,404
67, 543
37. 260
26,812
3,471
211 405
70, 814
37, 755
28, 297
4 762
185 873
92. 294
4P, 314
36, 296
6 6F4
172, 243
90, 953
46, 939
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders
thous. of dol__ »•r 43, 150
12 123
Unit heater croup new orders
do
Foundry equipment (new), new orders,
132. 2
net mo. pro-, shipments!
1947-49=100
Furnaces, industrial, new orders, net:
1,301
Electric processing
thous. of dol
3,607
Fuel-fired (except for hot rolling steel)
do
Mfu'hine tools (metal- puttinf tynes):
327.0
New orders
mo. avg. shipments, 1 945-47 =100__
375.9
Shipments
. . .do
Pumps, steam, power, centrifugal and rotary, new
8, 255
orders
thous. of dol
Tractors
(pvcert
warden), quarterly:*
t
ri
<?
278
227
>hi 'rper>t totilO
do
Wheel type (excl. contractors' off-hirhwav)
182,346
thous
of
dol
84, 795
Tracklayin0'
do
5. 4 !5
167. 070
7, 1 46
216,485
27,617
116,059
153,104
38,318
5, 696
170 356
7,006
187,515
109, 172
51,014
47,210
7,948
159, 730
'52,711
r
227, 248
9, 636
209, 249
8. 363
479, 103
67, 339
222,942
244, 688
27. 610
97, 479
239,419
55,517
223, 002
123, 176
157.005
60, 073
58, 326
28, 125
121.467
86. 578
43. 137
37, 895
5, 546
148, 855
64, 285
33, 495
27, 984
2, 806
135 054
172, 352
126, 181
59, 736
56, 280
10, 165
171, 779
7, 543
205, 038
10. 3P1
401 695
58 H74
53, 203
9 890
185 388
6.876
159. 270
10,151
Ml, 863
r
16, 912
14, 831
9,972
11,028
r
8,946
88 689
r
4, 471
r
40, 791
43, 427
57, 192
30, 9?7
23, Rf>2
58, 299
31,587
2, 403
161 152
24, 267
2 445
171 490
' 43, 197
16 699
r
111.8
182.1
156.4
158. 9
235. 5
127.7
87.1
149.4
160. 8
173.8
99.9
1,796
3,017
1,799
2,609
2,095
2,550
2, 241
1,983
1,711
5,454
834
3,003
1,531
1,868
1,166
1,690
909
1,624
1,3V
1,832
1, 686
1.119
276. 8
372. 7
246.4
356. 0
273. 4
342.2
247. 3
223. 7
328. 3
198.7
267.6
286.9
299.6
348.4
146. 6
"20. i
149.8
301.4
173.5
319.4
M59.8
" 169. 9
p 326. 3
7,758
4. 629
5, 690
5, 533
4, 886
4, 845
5, 097
4, 634
4, 645
-1,057
2F5 078
206, 541
149 094
175, 667
93, 0.C6
112,025
76. 524
66, 201
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), ship2,004
1,202
1,245
1,455
ments
thousands
Domestic electrical appliances, sales billed:
88.3
107.6
95.7
80.5
Refrigerators indext
1947-49=100
197, 506
268, 548
252, 404
Vacuum cleaners, standard type
number.. 329, 294
353,
972
313,
005
294, 960
295, 393
Washers
do
U, 549,203 1, 158, 936 1, 108, 991 '1,163,831
Radio sets, production^
do
Television sets (incl. combination), product ion 5
567, 878
481, 936 i 524, 479
number.. i 810, 112
Insulatins materials and related products:
Insulating materials, sales billed, indext
190.2
174.4
189.1
173.9
1947-49=100
Fiber products:
Laminated fiber products, shipments©
10, 299
11, 322
10, 268
thous. of dol. . 11, 072
Vulcanized fiber:
4,843
4,673
4,701
4,452
Consumption of fiber paper
thous. of lb._
Shipments of vulcanized products
1,870
1,895
1,882
1,999
thous. of dol._
26,311
25, 519
28, 551
23, 646
Steel conduit (rigid), shipments*
thous. of feet. .
Motors and generators, quarterly:
156.2
186. 3
New orders indext
1947-49—100
Polyphase induction motors, 1-200 hp:1
46, 319
41, 127
„...„
.
New orders
thous. of dol..
39, 639
45, 863
Billings
do
Direct current motors and generators, 1-200 hp: ^
7, 512
8,821
New orders
thous of dol
10, 064
8,858
Billings
do
84, 615
2,528
2,707
2,852
2,825
2,173
' 323. 1
1,890
1,788
233. 191
674, 459
62,2
35.2
62.6
46.4
53.1
227, 253
216, 227
188, 536
190,773
249, 383
349, 342
244,
144
296, 589
200, 034
319,066
991, 637 '1,216,525 1,052,493 1 , 065, 785 U, 101, 115
95 0
221, 233
256, 596
871, 981
91.0
1F9, 035
306. 639
769, 232
316, 289
603, 760 i 770,085
680, 433
560, 197
i 449, 787
420, 571
426, 933
152.6
154.4
129.6
133.1
124.0
120.0
87.4
159.446
149.8
152.8
2,042
9P4
' 1, 422
1,197
276, 464
1
317,939
940, 352
1599,606 •'
8, 872
8,505
9,222
9,591
8,879
8, 894
8. 345
8,160
9,598
4,033
4,197
4,287
4,287
3, 591
3, 571
3, 346
3,370
3,850
1,645
34, 048
1,720
1, 653
1,716
18, 043
1, 367
17, 488
1,405
17, 756
1, 421
16, 133
1,451
17, 230
1,535
20, 305
16,871
17,057
171.3
144. 6
42, 088
41, 186
36,341
7,917
9,521
37, 804
7, 8«3
11,490
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
2, 475
2,284
2,783
2, 650
2,904
1,987
2,886
2,378
2,315
2,370
2, 632
Production
thous. of short tons
2,354
2,171
Stocks in producers' storage yards, end of month
1, 635
1,603
1,654
1, 726
1,611
1,759
1,786
1,870
1,726
1,929
1,916
1, 6r,6
thous. of short tons,_
1,384
254
324
323
140
91
271
220
159
365
Exports
do
247
193
246
Prices:
26. 95
26. 16
26. 19
26.97
25. 53
25. 53
26.16
26.23
26. 34
26. 36
26.34
Retail, composite?-.
__.dol. per short ton..
26. 36
26.36
15. 550
16. 013
14. 619
14. 619
14. 944
15. 319
15. 756
15. 508
15. 533
Wholesale, chestnut, f. o. b. car at mine. -do
15. 533
15.533
15. 533 * 15. 533
Bituminous:^
r
36, 566
37, 135
38, 632
34, 954
40, 265
40, 994
40, 583
Production
thous. of short tons. . .
37, 350
35, 465
37, 082
34,055
29, 657
37, 135
Industrial consumption and retail deliveries, total
31,561
34, 298
37. 604
34. 375
32, 476
31. 960
33. 492
36, 650
35. 769
39, 057
39 772
thous. of short tons..
32, 962
34, 134
31.848
29, 274
28. 973
Industrial consumption, total. _
do .
30, 058
29. 236
28. 720
29. 473
31,914
30, 942
30, 398
31,436
26. 560
27, 969
848
799
641
644
585
491
853
783
476
585
Beehive coke ovens
do
25*
106
59
8, 956
8, 553
8. 583
8,993
8,725
9,035
8, 946
8, 767
8,352
8,298
Oven-coke plants
do _
8,010
6, 901
7,298
709
686
668
664
692
668
682
701
737
686
Cement mills
do
735
62 i
676
9, 123
9,409
8, 618
9,287
8,293
8,758
Electric-power utilities
do
9, 865
10,571
9,917
9,390
10, 620
8,798
9,614
2,560
2, 413
2,334
2,168
2,191
2,134
2,239
2,092
2 096
Railways (class I)
do
2, : f 7
1,939
1,610
1,601
449
421
625
42^
559
474
454
469
Steel and rolling mills _
do _
481
555
566
476
532
6,985
9,027
8,422
7,597
7,164
7,203
8,262
8,427
Other industrial,..
do...
7,160
9,185
9,268
8,045
8,189
3.202
5, 325
2,724
2,841
4,019
5,756
7, 143 i
4,317
5,708
5,371
Retail deliveries
do
6.402
8,336
6.165
r
1
Revised.
v Preliminary.
Represents 5 weeks' production.
cf Revisions for January-July 1952 for heating apparatus and January-September 1952 for bituminous coal will be shown later.
*New series. Water-heater shipments are compiled by the Gas Appliance Manufacturers' Association beginning June 1953 and by the U. S. Department of Commerce, Bureau of the Census,
for earlier months; data represent total shipments of gas water heaters based on reports from manufacturers representing 98 percent of the total industry; monthly data prior to August 1952 will
be shown later. Tractor shipments are compiled by the 17. S. Department of Commerce, Bureau of the Census, from quarterly reports received from active manufacturers of complete tractors;
data represent total shinmenis reported by all producers of the specified types of tractors; (annual totals beginning 1922 are available upon request; data for the first three quarters of 1952 are
shown in the January 1954 SURVEY). For description of new series for steel conduit, see note at bottom of p. S-35.
{"Revised to reflect use of new base period.
©Includes contractors' ofT-hiihway wheel-tvi e tractors.
tRevised series, reflecting use of new base period; data prior ti August 1952 will be shown later.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September and December
1953 and March 1954 cover 5 weeks; other months, 4 weeks. ©Data fcr January-October 1953 ccver 17 companies. November-December, 18, and beginning Jaiuiry 1954. 19 companies.
f Data beginning 3d quarter 1953 for polyphase induction motors cover 33 companies, for direct current, 27 companies; earlier data shown cover 34 and 28 companies, respectively.
9 Revised to represent weighted avorage price of anthracite stove based on quotations in 6 cities as follows: Baltimore. Boston, Laconia (N. H.), Madison (Wis.), Middletown (Conn.),
and New York.
SURVEY OF CURRENT BUSINESS
May 1954
S-35
1951
1953
Unless otherwise stated, statistics through
1952 and descriptive notes ar© shown in the
1953 Statistical Supplement to the Survey
March
April
May
June
July
August
Sentembcr
October
November
December
January
February
March
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL—Continued
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
._ _
Oven-coke plants. _
Cement mills
Electric-power utilities .
Railways (class I)
Steel and rolling mills _
Other industrial
.__
..__
_ __._
Retail dealers.
_
9
73
79
73
72
73
66
66
54
19
5
4
5
70, 235
70, 531
72, 912
76, 026
74, 752
77, 697
81, 005
82, 719
82, 381
80, 014
75, 741
75, 194
72, 033
69, 187
69, 473
13, 408
1, 057
34, 649
2, 571
922
16. 866
71, 660
13, 897
1, 106
35, 880
2, 571
935
17, 271
74, 475
14. 545
1, 226
36, 955
2, 774
961
18, 014
73,153
13, 221
1,197
37, 767
2, 576
918
17, 474
76, 387
14, 698
1,341
38, 758
2, 533
919
18,138
79, 372
15, 910
1,454
39,713
2, 639
956
18, 700
81,009
16, 609
1,505
40, 468
2,605
1,028
18, 794
80, 642
16,720
1,541
40, 487
2, 502
1,008
18, 324
79, 075
16, 486
1,401
39, 770
2, 570
977
17,811
74, 531
14,885
1,290
38, 090
2,432
931
16, 903
74, 029
14, 730
1,173
37, 969
2, 350
887
16, 920
71, 146
13, 8S7
1,038
37, 4G8
2, 167
830
15, 726
887
do
do
do
do
do ..
do
do
13, 27f>
1, 106
33, 926
2,764
940
17,175
do_.
1,048
1. 058
1, 252
1,551
1, 599
1,610
1,633
1,710
1.739
1, 539
1, 210
1,165
] 575
3 150
3 437
3 516
3 441
3 709
3 432
3 377
2 712
1 720
1,414
1,294
Exports
do
Prices:
Retail, compositef
_dol. per short ton_.
Wholesale:
Mine run, f. o. b. car at mine _ do _
Prepared si?es, f. o b car at mine
do
COKE
Production:
Beehive
thous. of short tons..
Oven (byproduct)
_
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
.
do
At furnace plants - _ _
-,
do
At merchant, plants
do
Petroleum coke
do
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton..
15.04
14. 95
14.75
14.71
14.81
14.84
14.99
15.07
15. 10
15. 12
15.14
15. 13
5. 857
6.853
5.831
6.446
5.810
6.428
5.796
6.491
5. 796
6.572
5. 698
6. 665
5. 698
6 721
5. 724
6.811
5.716
6.811
5.716
6. 807
5. 681
6. 837
' 5. 607
»• 6. 787
544
6,299
334
512
6, 032
341
543
6,282
370
498
6,127
350
408
6, 340
374
409
6,311
384
371
6,033
377
373
6,181
364
314
5, 304
380
29S
5, 795
386
166
' 5, 634
387
1,973
1,581
392
140
39
2,009
1,541
467
154
52
2,135
1, 606
529
190
53
2,129
1,572
557
155
53
2,221
1, 529
692
141
39
2,376
1,598
778
154
48
2,475
1,624
850
157
39
2,513
1,630
883
121
40
2, 658
1,698
959
137
34
2,727
1,682
1,045
172
29
2,787
1,715
1, 049
209
36
14. 75
14.75
14.75
14. 75
14.75
14.75
14.75
14. 75
14. 75
14. 75
14.75
1,807
202 458
94
217 073
2,059
193 389
91
203 425
2,378
198 086
93
217 074
1,973
197 837
94
212 433
2, 408
204 701
94
220 197
2 128
204 059
95
222 048
2,290
196 717
93
210 686
2 487
194 108
91
213 017
2, 134
188 315
93
90Q 599
215 892
275, 665
69, 077
188, 897
17, 691
280, 487
71, 181
191, 494
17, 812
280, 308
71,011
191, 556
17 741
283, 715
73, 527
191, 879
18, 309
284, 976
74, 269
192, 450
18 257
285, 352
73, 982
192, 366
19, 004
289, 614
73,991
197, 175
18, 448
287, 541
72, 959
195,972
18 610
283, 021
71 634
192, 585
18 802
276, 676
72. 738
185, 165
18, 773
2,171
20, 221
2.570
2,833
18, 516
2. 570
1,611
20, 709
2.570
1,824
21, 559
2.820
1,232
19, 287
2.820
1,321
19, 125
2.820
1, 109
21, 876
2.820
1, 178
19, 190
2. 820
1, 052
17, 919
2. 820
1,378
19, 841
2. 820
15. 12
f 5. 473
P 6. 430
65
' 4, 824
325
37
5,110
»• 2, 744
2,719
1,525
1,194
r 1, 649
1,096
223
26
14. 75
14.75
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed J
number
Production!
thous of bbl
Refinery operations
percent of capacity
Consumption (runs to stills)
thous of bbl
Stocks, end of month:
Gasoline-bearing in TJ. S., total
do
\t refineries
do
At tank farms and in pipelines _ .
do_On leases
do
Exports
Imports
Price (Oklahoma-Kansas) at wells
do
... - do..
dol. per bbl_.
193 n?R
0,9
2. 599
193 453
91
215 366
2,169
178 603
91
197 914
270,811
70, 661
180, 876
19, 274
266, 918
70,910
1 77, 242
18 700
1,588
17, 932
2. 820
795
17,643
2. 820
T
P 2. 820
Refined petroleum products:
Fuel oil:
Production:
42, 730
43, 393
i 45 474
43, 860
46, 157
44, 682
44, 539
Distillate fuel oilj
thous. of bbl
43 901
44 663
i 43 256
45 331
43, 433
r
36, 572
37, 151
Residual fuel oilj
do
36, 684
37, 120
38, 931
37, 894
39, 398
34 754
37, 942
36, 716
38 652
36, 098
Domestic demand:
1
38, 533
28, 574
30, 389
50, 773
74, 809
25, 140
26, 435
Distillate fuel oilj
_ do._
34, 379
i 52, 840
34, 597
44, 061
64 013
r
47, 192
43, 045
.41,362
54 976
44, 729
52, 769
41, 330
Residual fuel oilj
do
47 280
44 349
54 092
46 978
42 697
Consumption by type of consumer:
r
7,152
6,116
6,347
6 908
7 618
8,083
6,552
8, 285
6,087
Electric-power plants
do
6, 155
6 778
5 699
6 456
1,757
1,735
1,938
1,884
2, 008
1,811
Railways (class I) __ _
... . do..
1,745
1,428
1,671
1,237
873
1.031
7,075
6,747
6,774
6,720
Vessels (bunker oil)
do
6 095
6 031
7,090
6,578
6 259
6 612
5 494
5 985
6 746
Stocks, end of month:
61, 349
84, 504
73, 706
102, 394
119 542
59, 802
Distillate fuel oil
.
do
133 381
126 709
135 409
111 944
i 81 014
i 70 390
39, 572
41, 795
43, 801
41, 600
51,267
47, 966
5C, 007
Residual fuel oil
do._._
47, 474
47,119
50, 820
49, 370
50, 516
Exports:
3,091
2,919
2, 721
Distillate fuel oil _._
.... do._
2, 597
2,143
1,460
2 031
2 386
2 156
2 362
1 616
1 275
1,972
1,591
1,724
Residual fuel oil
_
_.
do
1,646
1,400
1,728
1 514
1 112
1 659
2 088
1 365
1 756
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
.098
.093
dol. per gal. _
.093
.093
.098
.093
.093
.100
.095
.098
.095
p. 097
.100
.850
Residual (Okla., No. 6 fuel) . . . .dol. per bbL. .850
.850
.950
1.050
1.350
1.100
1. 100
1.200
1.450
1.500
1. 45C
v 1. 200
Kerosene:
1
Production
thous. of bbl
10, 825
11, 135
9,795
9,945
10, 132
9,940
10 624
11 704
9 897
11 007
i 11 542
12 086
1
8,256
5,467
Domestic demandt
_ __
do
5, 982
i 12 682
5,603
12, 092
4,945
7 802
9 725
11 947
18 229
18 287
20, 335
27, 659
Stocks, end of month
do
18 697
24 307
31 143
i 20 183
35 711
i 22 013
38 161
29 070
37 280
36 271
325
857
Exports
do
904
728
469
500
469
404
384
623
418
609
Price, wholesale, bulk lots (New York Harbor)
.108
.103
.103
.103
.108
dol. per gal..
.110
.103
.103
.108
.105
.105
.110
P. 107
Lubricants:
4, 271
4,572
Production . .. .... _
thous. of bbl
4,321
4,321
4,293
4,627
4 562
4 572
4 221
4,647
4 553
4,408
3,625
3,444
3,229
Domestic demandt
do._
3,905
3,470
3,646
3 211
3, 563
3, 384
3 041
2,994
2,720
10, 873
11, 134
10, 611
Stocks. refinery, end of month
do
10, 801
9 879
9 684
9 726
10 070
10 646
9 846
10 472
9 700
Exports...
._
__ do_.
919
1,012
1,020
1,127
1,105
924
1, 190
1 282
1,068
1 193
965
1 184
Price, wholesale, bright stock (midcontinent,
.205
.205
.195
f. o. b. Tulsa)
._
dol. per gal..
.205
.210
.225
.205
.205
.190
v. 190
.205
.195
.190
•• Revised.
*> Preliminary.
i Beginning January 1954, jet fuel (formerly included with gasoline, kerosene, and distillate fuel oil) is excluded. Jet fuel for February 1954 (thous. bbl.):
Production—from gasoline, 2,343; from kerosene, 703; from distillate, 191; domestic demand, 3,462; stocks, 2,611.
t Revised series. Dgta represent weighted averages based on quotations in 26 cities for all sizes of bituminous coal.
^Revisions for 1952 appear on p. S-35 of the February and March 1954 issues of the SURVEY.
NOTE FOR STEEL CONDUIT SERIES, p. S-34. * New seiies. Compiled by the National Electrical Manufacturers Association from reports of 11 manufacturers representing
approximately from 70 to 80 percent of the industry. The figures comprise shipments of galvanized and black enameled rigid steel conduit and cover both the domestic and export market,
Including sales from consigned stock.
SURVEY OF CURRENT BUSINESS
S-36
May 1951
1954
19 53
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
March
April
May
June
July
August
September
October
November
December
January
108 6^3
112 473
i ]06 373
February
March
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCT S—Continued
Refined petroleum products— Continued
Motor fuel:
Gasoline (including aviation) :
Gasoline and naphtha from crude oilt
thous of bbl
Natural gasoline used at refineries
do
Domestic demandj
Stocks, end of month:
Finished gasoline
At refineries
Unfinished gasoline
do
_ _
_
do
do- do
Exports
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol. per gal_.
Wholesale, regular grade (N. Y.)
doRetail, service stations, 50 cities
do
Aviation gasoline:
100-octane and above
do
Stocks total
do
1 00-octane and above
do
Asphalt:Q
Production
do
Stocks refinery end of month
do
Wax:O
Production
do
Stocks refinery end of month
do
Asphalt products, shipments :<?
Asphalt roofing, totaL
- _ thous. of squares _
Roll roofing and cap sheet:
Smooth-surfaced
do
Mineral-surfaced
do
Shingles all types
do
Asphalt sidings
_.do Saturated felts
. - _ - ..- -short tons_
105 897
101 389
107 243
106 943
114 123
114 321
107 729
109 061
93 963
8 930
3 004
98, 158
90 350
8 088
2 942
102, 044
96 091
8 255
2 8^7
105, 918
95
8
9
114
101
9
3
112
563
511
049
960
101 833
9' 509
2 986
109' 124
95
9
2
106
96
10
2
106
153, 315
148 924
84, 695
9 108
8 849
3,239
147 371
82, 322
9 044
10 359
2,185
137 863
78', 429
8 333
11 054
2,018
135 724
75, 545
8 192
11 253
137 972
77', 262
8 078
11 959
2 509
136 192
76, 698
7 992
12 636
3 013
.104
.129
.208
.104
.129
.206
.104
.129
.206
.104
.129
.221
.114
.142
.114
.142
.220
.114
.142
.220
2 7 341
5* 942
9 882
5,168
7 263
4,689
5,330
9 732
435
530
89,513
9 416
8 268
2,513
7
6
9
5,
051
948
944
703
2^762
907
748
828
348
7 811
6 830
9 163
4*900
7
6
9
5
10 473
6,451
10 834
7, 680
9 586
8 243
8 429
494
503
439
510
441
506
398
503
e'oes
9 601
4,910
' 3, 884
' 5, 246
' 5, 474
r 5. 276
r
' 830
'921
' 2. 134
' 1,074
' 1,113
T
r
r
'3,058
' 108
r 123
' 57, 515 ' 72, 828
1, 042
' 1. 232
r
3, 201
r 113
* 70, 807
1,031
r
1,143
r
3 , 102
' 102
r
64, 994
793
568
516
253
8
7
9
5
5, 590
1.223
r
1,182
'3, 185
' 1 23
T
67, 690
7
6
10
5
166
380
515
037
136
74
8
13
2
398
930
097
193
018
.114
142
.218
95
10
2
99
142
78
8
12
2
i 94 336
9 633
9
404
i 89, 852
i 97 330
i 85 244
8 987
3, 099
i 86, 206
722
145
756
210
99
9
3
100
525
873
075
225
472
021
275
223
560
151
86
8
10
2
129
761
890
428
411
i 163, 532
i 97, 997
8,172
10 334
2,083
2,348
.111
141
.220
.111
.137
.218
'.108
.135
.216
676
230
172
498
7 245
6,156
10 773
5, 759
5,580
11,099
5,380
.113
142
221
7,743
10, 57.5
8 366
7 094
7 689
5 709
7 081
5 541
5 181
6 244
3 888
7 314
3,447
8 370
3, 956
9. 589
397
524
420
510
436
530
434
558
420
538
442
598
420
619
5,811
' 4 126
' 2, 698
2,565
r
r
r
1 426
1.381
3 605
r
148
81.386
5, 939
T
1 278
r
1.373
T
3 ?89
r
158
r
71. 550
r
1 259
' 1,394
T 3 ] 58
r
185
T
76, 120
T
074
120
162
856
7
6
10
5
p. 108
P. 135
.216
6 991
7 337
5 994
10 678
5' 965
7
6
10
5
"
i 172, 207
i 106, 821
894
655
099
640
' 6 412
r
r
r
153
013
941
700
644
991
094
158
' 2, 846
'637
573
' 596
' 670
673
' 661
'1,030
' ] 540
1,319
' 2 185 ' 1 441
'94
89
»• 107
' 138
' 60 241 ' 48 872 ' 47, 989 '93,417
911
3.824
804
846
2,174
11&
56
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
thous of cords (128 cu f t )
Consumption
_ do_. Stocks end of month
do
Waste paper:
Receipts
short tons
Consumption
do
Stocks end of month
. do.-
2, 388
2,191
5, 835
2,260
2,405
5, 989
1,987
2,375
5, 598
1,875
2,406
5,063
2,259
2,370
4,947
2,436
2, 176
5,205
2 697
2, 470
5 433
2 494
2,306
5 628
2 522
2 548
5 601
2 367
2 380
5 582
2 220
2 157
5 639
742, 150
741, 071
474, 106
762,156
750, 702
484, 184
723, 385
732, 924
473, 084
718, 942
734 350
456, 525
656, 745
633 320
480, 559
705, 640
743 467
441, 216
732, 704
748 809
424, 945
772 202
754 254
442 481
682 394
667 762
452' 079
646 134
620 455
473' gel
1,518
57, 914
812,940
201,416
35, 828
209, 324
99, 650
1,483
63, 469
800, 485
188, 431
35, 639
199, 893
98, 260
1,352
45, 587
724, 651
168, 730
31,325
190,159
97, 351
1,546
68, 163
844 347
192, 556
37, 544
205 005
92 031
1,434
64, 270
775, 930
183, 200
35, 531
186, 093
89 092
1 573
51,716
868 864
204, 710
38, 485
202 922
96 853
1 504
63, 116
830 754
191,913
35, 442
189 442
91 576
1 337
45,016
720 957
184, 693
34, 343
191 255
82 766
'1,362
1 487
59, 370
61, 837
808 709 r 735, 303
201, 593 ' 182, 715
35, 213
38,590
185, 446
201, 614
76, 057
82 246
173,013
41, 965
42, 354
1,348
37, 271
175, 179
36, 343
42, 988
1,497
35, 187
154, 215
36, 725
38, 319
1, 582
32, 525
163, 100
42, 459
37, 636
1,874
31 204
153, 880
40, 615
28, 206
2,677
27, 555
145, 601
43, 100
28, 028
3,208
25 849
156, 634
43, 766
29, 492
3,298
25 980
148, 629
41, 252
32, 808
2 957
27 298
155, 081
42, 188
33, 457
3,754
28, 436
'159,946
' 44, 248
32, 363
3, 657
29, 056
8, 672
191 660
20 461
83, 397
61,457
2,429
23, 462
11,885
198 103
23 614
84, 371
61 293
2, 604
25, 572
13, 285
160 774
23 848
63,381
48 628
2,499
21,853
9 236
186 994
22 303
79, 701
62 304
2*594
19, 380
11,712
179 473
22 911
68, 156
60 714
3 259
23, 417
17 958
183 914
24 125
68, 156
57 870
3 726
26 765
17 162
174 942
23' 603
62^ 278
60 768
3 328
23 086
28 965
177 164
17 232
76, 627
57 990
3 297
20 862
14 291
144 406
16 210
60, 617
46 507
3 048
16 386
19 675
171 833
18 302
73. 943
54 757
2' 912
21,309
2 393
2,387
5 639
r
2,292
2,473
5,672
620, 217 ' 628, 731 719, 354
648 266 ' 639 813 716, 052
454, 246 ' 443, 016 447, 363
WOOD PULP
Production:
1,512
1,467
Total all grades
thous. of short tons
51, 686
56, 401
Dissolving and special alpha
short tons_' 810, 627 783, 586
Sulphate (paper grades)
do
203, 364
200, 232
Sulphite (paper grades)
do
37. 084
33,717
Soda
do
' 206, 795 201, 951
Groundwood
do
99, 431
89, 186
Defibrated exploded etc
do
Stocks, own pulp at pulp mills, end of month:
'
165,
342
164,
671
Total, all grades
short tons..
' 42, 161
41,427
Sulphate (paper grades)
do
36,
738
40,
609
Sulphite (paper grades)...
do
2,190
1, 711
Soda
-- do
34,
740
33,
052
Groundwood
- do
Exports ill grades total
do
TV V '11 nd snerial alnha
Sulphatec?
Soda
Groundwood
do
do_--_
-
do
-- do--
10 449
167 154
20 359
69, 852
55 693
3,205
17, 278
12 646
175 608
21 523
60, 073
62 540
3,030
16, 694
1,541
63, 338
832, 420
210, 086
40, 182
209, 166
80, 987
164, 003
44,329
33, 262
3,608
29, 494
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2,409
2,298
2, 263
2,042
2,023
2,225
2,263
' 2. 284
2,265
2, 2S7
2,164
thous. of short tons__
2,186
2,043
1,082
1,085
981
1,012
1,158
1,065
1,067
1,077
1,084
1,066
1,120
1,046
1,014
Paper (inch building paper)
-do
1,052
941
1,100
1,053
1,041
1 134
1, 056
1,071
' 1, 078
' 923
916
996
1,031
Paperboard
- - - do _
116
117
125
126
125
120
128
95
101
107
126
106
109
Buildine board ._
do
!
' Revised.
* Preliminary.
Beginning January 1954, jet fuel (formerly included with gasoline, kerosene,
and distillate fuel oil) is excluded. Jet fuel for February 1954 (thous. bbl.):
2
Production—from gasoline 2,343; from kerosene, 703; from distillate, 191; domestic demand, 3,462; stocks, 2,611.
Revision for February 1954: 6,670 thous. bbl.
^Revisions for 1952 (old basis) appear on p. S-36 of the February 1954 SURVEY; revisions for 1952 (comparable with data for 1953) will be shown later.
O Asphalt—5.5 bbl. = l short ton; wax—1 bbl.=280 Ib.
d* Re visions for wood-pulp imports for 1952 will be shown later. Revisions for January and February 1953 for asphalt products follow (units as above): Asphalt roofing, total, 3,196; 3,051;
roll roofing and cap sheet—smooth-surfaced, 734; 682; mineral-surfaced, 802; 730; shingles, 1,660; 1,639; asphalt sidinps, 134; 118; saturated felts, 52,271; 49,075.
SUEVEY OF CUEEENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-37
1954
1953
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) :cT
856,801 856, 552
857, 394
Orders, new
short tons. _ 922,907
866, 131
853, 842
841, 175
837, 262
Orders, unfilled, end of month
do
882, 601
881, 403
872, 696
852, 103
Production
do
877, 582
869, Oil
853, 480
873, 123
Shipments
do
444, 322
456, 707
456, 255
490, 105
Stocks, end of month
do
Fine paper:
114, 747
111, 120
103 939
106, 914
Orders new
do
48, 125
49, 915
44, 030
44, 180
Orders, unfilled, end of month
do
108, 326
111, 896
112 343
108, 556
Production
do 108, 867
109, 255
109, 820
106, 764
Shipments
do
109, 109
111, 740
114 265
116 057
Stocks end of month
do
Printing paper:
339, 405
294,237
297, 385
308, 394
Orders new
do
528,013
518, 375
515, 610
524, 410
Orders, unfilled, end of month
do
307, 094
305, 703
298,215
302, 870
Production
do
306, 583
303, 514
300, 510
299, 593
Shipments
do
148, 974
151, 165
153, 525
151, 800
Stocks, end of month
do_
Price, wholesale, book paper, "A" grade, Eng13.55
13.55
13.55
13.72
lish finish, white, f. o. b. milL.dol. per lOOlb..
Coarse paper:
296, 149
278, 359
290, 418
272, 040
Orders, new
short tons.
182, 329
173, 820
168, 430
164,575
Orders unfilled, end of month
do ._
293, 058
287, 262
292, 593
279, 036
Production
do
292, 135
286, 865
295, 808
275, 893
Shipments
do
124, 628
125, 025
121, 810
124, 950
Stocks, end of month
_ __
do
Newsprint:
Canada (incl. Newfoundland):
484, 276
480, 316
480, 239
463, 193
Production
_
do
441, 512
498, 889
467, 656
486, 389
Shipments from mills
do
201, 846
183, 273
195, 856
172, 660
Stocks, at mills, end of month
do
United States:
420, 956
408, 874
429, 562
Consumption by publishers
do
381 186
91, 911
88, 194
92, 405
90, 727
Production
do
94, 505
89, 004
91, 168
Shipments from mills
do
89 640
Stocks, end of month:
8,697
7,887
9,124
10, 211
At mills
do
518, 985
515, 063
483, 059
484 762
At publishers
do
85, 618
91, 272
69, 684
In transit to publishers
__do
76, 270
422, 878
436, 024
405 424
Imports
do
428 210
Price, rolls, contract, delivered to principal
125. 25
125. 25
125. 25
125. 25
ports
dol. per short ton
Paperboard (National Paperboard Association) :
1,
156,
300
1,
101,
800
1,
040,
100
1,
152,
100
Orders new
short tons
567, 500
539, 000
459, 800
567, 000
. Orders, unfilled, end of month
do
1,
072,
900
1,
071,
200
1,
073,
400
1, 092, 000
Production, total
do
95
95
96
93
Percent of activity
__
Paper products:
Shipping containers, corrugated and solid fiber,
7,364
7,013
shipments!mil. sq ft. surface area
6,889
7,119
Folding paper boxes, value:
183.1
169.4
162.5
174 6
New orders
1947-49=100
158.6
153.4
152.7
155.6
Shipments
do
852,229
898, 245
785,661
795, 157
480, 613
861, 210
886, 394
868,688
867 756
481, 655
871, 848
910,040
854, 827
848 200
487,000
917, 863
889,245
936, 711
937 805
483 750
801, 866
832,041
857, 709
847, 182
487, 486
818, 131
816, 267
838, 559
834, 170
489, 678
879, 306
815,444
883,057
880,129
492, 626
919,000
814,000
796,945 « 570, 695
912,000
847,000
905,000
829,000
422,285
509, 470
110, 098
60,575
91, 846
93, 699
114 204
104 843
57, 398
108 168
108, 020
114 352
100 159
52,020
108 598
105, 535
117 057
109
44
115
116
116
887
211
846
817
437
95,228
40,233
106 106
100, 050
122 523
96,009
36,091
104, 122
100, 360
124 114
102, 677
32, 152
103, 041
106, 616
120, 539
102,000
31,150
101,000
103,000
118,500
310, 681
552,480
280,905
282, 611
150, 094
280,988
527,024
308 446
301, 142
157 512
314 921
549, 458
294 782
292, 487
159 705
311 553
545, 979
321 420
315 040
166 074
274, 906
508, 340
296 073
299,811
160 641
302, 577
520,260
289 628
290,655
159 614
298, 490
514, 535
306, 062
304, 212
161, 464
266,000
325, 000
495,000 * 282, 000
309, 000
289,000
283,000
309,000
173, 360
167,000
13.80
13.80
118,000
« 60, 000
120,000
115, 000
99,000
» 13. 80
13.80
13.80
13.80
270, 964
178, 095
256, 249
257 445
123, 757
308, 039
198 355
286, 756
287 776
122 735
288, 155
205 682
283, 163
280 828
125 070
313
201
313
317
122
043
230
984
495
559
268, 476
185 543
290,817
284 222
129 100
260
165
279
281
127
949
249
291
243
122
293, 727
167, 962
297, 195
291 014
133, 303
292,000
282,000
167,000 » 122, 000
298,000
288,000
282,000
298,000
139,300
88,000
491, 254
494 212
169, 702
484, 507
498 506
155 703
467 431
482 598
140 536
510 772
506 544
144 764
473 176
491 450
126 490
473 325
488 571
111 244
476, 151
452 470
134, 925
457, 927
437, 780
155, 072
515, 482
481, 487
189, 067
340 044
88 121
90 755
359 133
90, 824
92 295
385 386
85 966
85 824
429 509
97 112
96 288
427 904
92 385
90 847
388 237
89 656
90 240
363 057
96, 284
95 132
345, 642
88, 197
86, 219
400 311
98, 115
100 585
7
514
81
404
6
539
91
436
6
548
77
402
7
514
80
437
8
464
87
412
8
477
73
448
9
470
88
356
11, 156
488, 503
96, 457
391 503
8,686
495 871
85, 178
125. 75
f 125 75
577
320
719
365
125 75
106
622
010
879
125 75
248
537
414
053
125 75
13.80
072
419
803
867
125 75
13.80
610
899
468
584
125 75
13.80
026
gOO
969
251
125 75
973 300 1 105 200 1 139 300 1 078 600 1 021 400 1 Oil 200
522,500
467, 400
590,800 ' 423^ 700 374, 400
392, 400
939 700 1 122 400 1 069 600 1 170 700 1 051 000 992 200
81
98
94
94
' 97
79
6 541
7 152
162 6
143 9
176 9
158 4
160 5
169 2
172 7
177 7
149 5
152 8
736
568
168
1 014
844
738
106
1 323
1 132
1 079
7 518
7 382
6 730
178
536
739
455
125 75
885 400
330, 800
937 700
89
921, 700 1 140,400
321, 000
424,900
926, 800 1 064 400
89
90
6 356
5 815
5 966
7 153
156 4
154 i
174 0
161 9
182 3
166.0
214 7
183 0
PRINTING
Book publication, total
New books
New editions
number of editions
do
-do
1,031
805
226
852
701
151
1,359
1 069
290
993
815
178
800
214
867
212
974
789
185
826
650
176
878
707
171
1 102
191
46 744
114 191
46 729
43 251
112 677
49 743
42 400
112 316
45 947
46 960
112 679
47 140
r 46 897
r 115 228
42, 645
53 670
112 022
.204
.200
855
247
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
_ _
long tons
Stocks end of month
do
Imports, including latex and guayulej
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
50, 707
98 627
56, 785
49 375
108 892
60, 578
.260
.244
81, 408
77, 903
116, 089
1 713
82 952
77, 221
122 041
1 500
27 699
27 334
30 280
46 889
113 532
56, 126
.250
48 224
112 959
61, 423
43 929
118 825
54 661
43 732
119 332
44 156
45 225
121 618
58' 625
.245
.239
.234
302
234
109
299
80 227
71 751
143 789
1 781
79 360
61 299
159 486
1 923
68 299
59 241
169 152
1 996
28 714
26 483
31 263
26 839
25 213
31 763
26 315
24 637
32 791
23 001
23 414
31 506
22 532
22 666
30 318
q 407
8 256
3,570
4,598
87
16, 456
96
9 269
8 913
3,798
5,001
115
16, 872
112
8 987
8 942
3^200
5,604
139
16, 973
135
8 572
9 279
3,537
5,601
142
16, 259
137
170
9 555
3,616
5,793
146
14, 883
137
7 416
8 798
3,130
5,523
145
13, 550
142
7 424
2,837
4,438
149
13,287
158
i r 7 551
i r 6 586
i r 11 384
7 544
6 760
12 155
6 940
6 586
12 592
7 035
6 907
12 811
6 395
7 302
12 097
5 679
6 529
10 226
11 288
85
72
132
2
.235
.200
677
652
625
244
57 170
58 515
166 724
1 712
23 360
22 409
30 147
23 534
21 944
30 692
60
58
167
2
.209
.206
57
52
166
2
221
670
523
359
21 191
19 638
3l' 226
59
50
175
2
373
902
845
688
21 208
57 299
53
50 173
r 49
180 839 r 183
2
1 397
19 960
.202
356
060
405
103
55 835
55 369
184 953
r 21 000
23 022
22 617
32 649
r 19 461
r 32 393
18 8^8
r 19 H4
32 319
31 865
6 299
7 002
2,891
3,993
118
14, 977
106
6 308
2,634
3,557
117
' 15, 709
119
5 395
6 8°,4
10 107
5 0-1 7
10 448
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export. _ _ _ __
Stocks, end of month
Exports..
_
Inner tubes:
Production
Shipments
Stocks, end of month
Exports
T
_
thousands
do
do
do
_
do
do
do..
_
do
do
do
do
69
80
80
59
Q
65
57
7
1 48
5 656
K 7an
99
7 fifi4
7 573
3,155
4,246
172
13, 446
137
R Kfifi
C AQK
R 481
c fifi7
2,221
2,729
135
14,854
132
2,620
2,903
•MO
15, 720
137
5 752
S QfiO
10 904
4 738
4 nnfi
11 611
75
70
4
U
eqq
KOA
«o
50
7
049
5 896
7 QD-l
7
16, 077
a OQQ
in BRQ
61
" Preliminary
i Revisions for February 1953 (thousands): Production, 6,497; shipments, 6,397; stocks, 10,423.
« Revised basis; not comparable with earlier data.
£ gevised.
§ Revisions for January 1952-February 1953, respectively (units as above): 5,642; 5,595; 5,993; 4,905; 6,910; 5,662; 5,561; 6,377; 6,795; 7,534; 6,842; 6,785; 6,602; 6,490.
I Revisions m 1952 for natural rubber imports Gong tons): June, 67,322; July, 50,528; September, 51,034; October, 56,187; December, 78,067.
d" January and February 1954 data are on unrevised basis; revisions will be shown later.
con
3,163
4,350
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May 1954
1951
1953
March
May
April
June
July
August
September
October
November
December
January
February
March
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
193,830
206, 348
178,323
183, 075
172, 177
160, 350
186, 236
202, 356
167, 782
187,434
166, 452
158, 930
179, 223
thous. of bbl._
20, 21 5
23, 399
97
22, 924
25, 247
9,401
22, 698
97
26, 400
21 542
8,832
24, 134
100
26, 480
19 204
7,829
24, 289
101
27, 092
16, 445
6,652
24, 738
22, 529
20 243
17, 769
16, 8P5
20, 084
20,813
23, 865
9,895
21, 802
53
20, 891
24, 773
9,715
23, 795
thous. of bbl._
dodo
27, 433
12 F59
5,001
27, 556
10 049
4,109
19, 494
13 083
4,022
14, 130
19 231
5,349
11,143
25 869
8,240
15,202
27 562
' 10, 091
18, 740
28 9(|L
11,917
447. 707
439, 031
485, 905
495, 613
499, 936
496 994
533, 073
544 733
521, 922
540 237
526, 678
517 921
531, 172
533 562
538, 051
548 073
490, 055
469 095
450, 729
376 469
377, 53R
294 766
37^, 203
382 387
Coated abrasive paper and cloth, shipments-reams..
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks finished end of month
Stocks', clinker, end of month
84
10?
103
97
84
74
78
83
CLAY PRODUCTS
Brick, unglazed:
Productiont
thous of standard brick .
Sh'Dmentsi
do~
Price, wholesale, common, composite, f. o. b.
plant
--.
dol. pei thous ...
Clay sewer pipe, vitrified :|
Pi'oduction
short tons_ShiDments
do
Structural tile, unglazed :t
Production
- do
Shipments
-.do
27. 677
27. 789
27. 791
27. 839
27. 957
27. 957
28. 100
28. 100
28. 147
28. 147
28. 033
28. 033
143,156
136, 741
142,147
135, 874
139,598
131,359
145,562
140, 039
136, 631
145, 519
139, 095
148, 165
144, 989
147, 954
144, 393
154, 601
135,081
124, 716
131, 519
95, 572
118,054
84, 965
123, 951
100, 596
79, 890
74, 735
80, 799
80, 474
78, 329
83, 583
80, 701
85, 114
84, 175
83, 281
83, 177
76 567
8?, 428
75, 654
85, 245
81, 884
81,631
73 528
75, 027
61, 939
67, 871
55 146
72, 370
64, 521
•"•10,917
°' 12, 476
' r10, 475
9, 425
'11,084
' 10, 805 ' 11,759 ' 10, 445 '11,332
' 10 421 r 10 018 ' 10 847 ' 10 781 r 10 448
' 9, 857
r 9 060
' 9, 110
'9 533
10. 009
8 820
' 9, 748
r g 455
v 28. 033
GLASS PRODUCTS
Glass containers:
Production
thous. of gross.Shinment 5 ? domestic total
do
General-use food:
Narrow-neck food
- ... do_
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars) -thous. of gross. .
Beverage (returnable and nonreturnable)
thous. of gross ..
Beer bottles
do_
I iouor and wine
do
Medicinal and toilet
do__
Chemical, household and industrial
do
Dairy products
do.. .
Stocks, end of month
do
Other glassware, machine-made:
Tumblers:
Production
.
thous. of dozens..
Shipments
dc
Stocks
do. -.
Table, kitchen, and householdware, shipments
thous. of dozens. .
0
' 1, 324
r
r 11, 184
r
10 689
' 754
'745
805
' 2, 581
'2,650
2,842
1, 030
f 1 314
'945
' 844
' 2, 315
r 2, 922
' 2, 850
' 2, 772
1,033
967
r
933
' 1, 942
'971
'233
' 9, 749
440
1,149
716
1,317
511
1,138
1,127
703
703
1,181
1,104
1,274
1,111
908
553
1 393
r Q2Q
' 1 128 r 1 471
' 1 024
' 924
f 1 070
' 1 343 ' 1 003
' 2 047 ' 1 964 ' 1 882 '2 137 '2,153
' 2 232 r 2 120
'2 13o
'942
'731
'943
'915
'972
'833
'860
'733
'215
'334
'310
'433
'226
'302
' 242
' 272
r
9, 915 ' 10, 237 ' 10, 651 ' 11, 208 ' 10, 540 '11,005 ' 11, 401 ' 10, 701
6,778
5, 908
10, 230
6,029
5,886
10, 582
6,049
5,951
10, 705
5. 296
4 800
11, 089
3,861
4 931
9,953
5,705
5 389
10, 107
4,810
4, 785
10, 075
5,450
5,716
10, 267
4,635
3 986
10 716
3, 667
3,549
3,533
2,741
2,739
3,252
3,793
3,725
3,015
« r 3, 274
828
883
o r 1, 4(J2
« ' 3, 230
« r 1, 160
« r 315
« r 8, 973
' 1 116 ' 1, 688
' 3, 401
' 2, 992
' 1 057
' 3, 017
346
514
11,200
11 923
r 779
1 364
' 2, 593
3,392
35^
549
2 262
878
234
11,520
' 2 175
'930
' 166
12, 563
600
916
1 358
3 013
1,096
184
11, 991
4, 124
3,914
10, 184
5, 180
4 399
10, 356
5, 355
5 064
9,980
6 067
5 Goi
10 27?
2,444
2,750
3,122
3,803
12,675
13,126
937
r 913
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
. ._ thous. cf short tons. .
Production
do
C fil fined 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. f t _ .
Tiie
do
Wallboardd"
do
Industrial plasters
.short tons
444
1,863
1,718
822
1,887
1,798
1,190
2,108
1, 867
737
2,051
1,789
608, 616
566, 785
601, 383
604, 771
411,877
12,963
168, 692
579, 491
4,730
926, 229
66, 339
432, 369
13, 401
196, 988
593, 756
7,181
942, 793
66 893
473, 536
12, 081
231, 835
660, 025
7,301
908, 056
59 866
409, 354
10 588
' 219, 538
602, 035
7,437
952, 870
61 008
TEXTILE PRODUCTS
CLOTHING
°' 14, 354
Hosiery shipments
thous. of dozen pairs
Men's apparel, cuttings:* K
Tailored garments:
2,037
Suits
----- -.thous. oi units
Overcoats and topcoats
-do
350
Trousers (separate), dress and sport.
do
5,087
Shirts (woven fabrics), dress and sport
1,942
thous. of doz_.
Work clothing:
405
Dungarees and waistband overalls
do
440
Shirts
-do
Women's, misses', juniors' outerwear, cuttings
(quarterly through 1953):*
Coats
thouc . of units
Dresses
do
Suits
do
Waists, blouses, and shiits
thous. of doz._
' 12, 839
' 11 184 ' 12 317 ' 12 031 ' 14 105 ' 14 983
1,844
1,773
i 2, 220
i 521
1
5, 662
4,897
4,398
i 2, 274
1,783
1,655
1444
1496
369
398
397
390
559
614
r 13 555
' 11,924
1 566
11,834
1285
i 3,852
2
1
2
1,511
1
3,829
3,725
1
1, 493
1,462
1,590
11,805
1,491
1376
1357
371
419
396
394
U40
1414
278
336
i 1, 285
1456
1
3, 370
1
r 15 H7
1 713
652
562
1,891
1
576
4, 482
347
3 682
1, 526
1234
1339
r
2
1,840
2256
4, 512
1,732
276
4,848
1, 520
2
256
2
372
348
392
2
3,731
7,314
' 6, 508
5,711
2,442
2,200
2
' 53 331
73 107
65 028
53,358
19,332
20, 356
2
'2,941
5,439
2,546
2,987
1,639
1,774
2
2,874
' 3, 068
3,537
' 3,071
1,152
1,249
2
' Revised.
v Preliminary.
1 Data cover a 5-week period.
See note marked "*" for change in sample coverage beginning January 1954.
J Revisions for 1952 are shown in the August 1953 SURVEY.
cflncludes laminated board, reported as component board.
^Data for April, July, October, and December 1953 and March
cover 5-week periods and for other months, 4 weeks.
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census. Data are estimated industry totals derived as follows: Men's apparel—estimates beginning January 1954
are based on a monthly sample survey of manufacturers, accounting for approximately 75 percent of the total 1952 production; data prior to 1954 are based on a sample covering establishments
that accounted for about 90 percent of the total 1951 cuttings of these items. Women's outerwear—based on reports from establishments classified in the women's principal outerwear industries
for the specified items; monthly data beginning January 1954 are estimated from reports of producers that account for appoximately 75 percent of total output; quarterly estimates prior to 1954
were based on reports from 2.500 establishments accounting for about 90 percert of total shipments in 1951. Cuttings for 1950 and 1951 will be shown later; data for 1952 (except men's
dungarees, etc.1 arc shown at bottom of p. S-38 of the December 1953 SURVEY. Cuttings of men's dungarees and waistband overalls for January-December 1952 and January 1954 appear in the
April 1954 SURVEY.
0
Revisions for January and February 1953 (units as above): Glass containers—production, 9,543; 9,231; shipments—total, 8,859; 8,752; narrow-neck food, 882; 845; wide-mouth food, 2,492:
2,409; liquor and wine, 941; 960; medicinal and toilet, 2,463; 2,407; chemical, 897; 846; dairy products, 265: 216; stocks, 10,433; 10,681; hosiery—shipments, 13,571; 13,736.
SURVEY OF CURRENT BUSINESS
May 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-39
1954
1953
March
April
May
June
July
August
September
October
November
December
10 788
14 323
15 151
872 128
681,990
January
February
March
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginning §
thous of running bales
Crop estimate, equivalent 500-lb. bales
thous of bales
Consurnntion^f
.
bales
Stocks in the United States, end of month,
totalf
thous of bales
Domestic cotton total
doOn farms and in transit
do
Public storage and compresses
do
Consuming establishments _ _do
Foreign cotton total
do Exnorts
bales
Imports 9
do
Prices (farm), American upland
cents per lb._
Prices, wholesale, middling, me", average, 10
markets
..cents per lb._
Cotton linters:f
Consumption
thous of bale*!
Production
do
Stocks, end of month .___ ___
-_do___-
1
319
1,166
5, 547
742, 064
725, 849
702, 425
14, 955
2
16 140
' 3 16 317
1
15,139
769, 496
a
4
909, 240
r
* 9 203
8 122
r S, 027
« r 9, 1 18
a
M}16
' 716
' 6, 310 r 5, 491
1,892
1,r820
'85
95
246, 467
208, 208
12, 495
33, 122
31.5
31.5
748, 049
r
T
740, 864
r
r
7 134
7,r 039
682
' 4, 638
1, T719
95
260, 905
15, 938
31.7
r
95
220, 226
11,430
31.5
6 189
6,r 094
493
' 3, 996
r 1, 605
4
r
f
5 605 r 19 284
19 204
5 510
14, 329
259
' 3, 808
3, 682
' 1,T 443
1. 193
84
94
193 304
114 730
8.375
9, 130
31.9
32.8
r
r
4
19 800
19, 720
>• 12, 650
5,815
1,254
80
1 99, 809
20, 209
33.1
r 18 723
f r18 640
7 810
9, 3f>8
1 4(12
83
217 307
7, 776
32.5
r 17 808
r
11 733
r
5 002
11,186
1 545
75
242 848
8 510
31.8
32.7
32.7
4
r 3 If) 4^5
4
757, 1 52
678, 827
684 367
T
r
16 690
16 625
r
3 056
11,925
1 644
65
375 035
11 070
30.7
r 15 733
r
15 672
r
I 913
12, 058
1 701
61
296 651
6 503
30.1
r 14 f,S9
r 14 fil9
32. «
33.2
34.0
34.2
4 99
4
189
1 542
845 036
13 498
13 433
1 169
10, 495
1 7G9
66
r
1 369
11,462
1 788
63
385 4?0
1° 866
30.4
31.1
33.2
33.0
33.4
33.2
33.4
33.0
32.8
137
152
* 1, 104
M28
* 119
1,126
131
83
1,063
123
66
1, 050
*103
4
49
987
121
60
986
122
172
1,081
124
247
1,177
111
240
1, 297
111
221
1,376
113
222
1,428
Q5
197
1 457
2,612
48, 672
6,295
55, 304
6,887
62, 247
6,311
2,610
57, 382
4,924
47, 359
4, 399
45, 355
4,594
2,418
54,916
6,267
47, 444
4 651
46, OP3
7 193
2,540
49. 493
6 300
45 560
4 777
50 457
4 649
32.52
38.8
18. e
17.0
32.01
38.8
18.4
16.9
31.98
38.8
18.4
17.3
32.82
38.2
18.5
18.0
32. 56
38.2
18.3
18.0
32. 97
38.2
18.3
18.0
32.74
37.2
17.9
18.0
31 44
36.9
17.5
17.8
29 59
36 9
16.5
17.5
29 13
34.9
15.9
17.5
28 56
34.9
16.0
17.3
27 18
34 9
15.8
16.8
26 84
p34 9
15.4
"16.7
.692
1.014
.690
1.002
.675
.984
.670
s.978
.660
5.972
5
.625
.921
.630
921
f. 632
5 P 921
21,344
20, 007
10, 126
405
4
9, 484
4
110. 9
21, 391
20 063
9,857
493
9,279
134.8
21,322
20, 039
9, 582
491
9,044
133.9
21, 244
19 953
11, 853
479
4
11, 192
4
130. 6
21, 252
19 990
9,232
474
8,719
129. 1
20, 933
19 695
10, 246
436
4
9, 683
4
118. 8
20, 897
19 652
9, 145
457
8,631
124.7
20, 888
19 656
9,231
469
8 697
128.1
4
4
4
4
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quartcrlvd^
mil of linear vards
Exports
thous. of sq. yd
Imports Q
do
Prices, wholesale:
Mill marerins
cents per Ib
Denim, 28-inch _ ___ __ _ cents per yd.
Print cloth, 30-inch, 68 y 72
do
Sheeting, in pray, 40-inch, 48 x 44-48
dO-__,
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
dol. perlb__
36/2 combed, knitting
_
__do___.
Spindle activity (cotton system spindles) :1[
Active spindles, last working day, total thous..
Consuminir 100 percent cotton
do
Spindle hours operated, all fibers, total.mil. of hr_.
Average per working dav
do____
Consuming 100 percent cotton
do
Operations as percent of capacity
21, 575
20, 221
10, 251
513
9, 635
139.5
.679
. 995
5
.655
. 964
.643
. 955
5
.630
.927
.636
.939
6
8
5
21, 259
19, 926
12, 353
501
4
11. 608
* 136. 7
21, 377
20, 013
10, 133
507
9,489
138.6
21, 201
19, 824
9,938
497
9, 330
136.1
78.3
24.1
81.5
26.6
80.3
27.0
78.8
27.0
72.0
23.8
63.6
22.8
64.6
26.0
62 9
25 5
53 9
21.9
55 9
24 3
r 55 5
60.3
22.9
11,351
57.9
26.1
6,069
56.8
30.1
7,241
59.6
32.9
7,557
65.1
37.0
5,733
72.1
35.8
3,355
74.3
34.0
2,006
71 3
29.9
2,277
77.2
32.7
1,775
78 6
33.1
1 215
r 75 s
' 30 9
1 691
75 4
28.3
.780
.366
.780
.336
.780
.336
.780
.336
.780
.336
.780
336
.780
.336
.780
336
.780
336
.780
336
.780
336
".780
v 33Q
4
4
4
4
20, 872
19 626
11,454
458
4 10 799
4
125. 3
4
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
80.8
Filament varn
mil. oflb
21.9
Staple (incl tow)
do
Stocks, producers', end of month:
61.1
Filament varn
do
17.2
Staple (incl. tow)
do
Imports
thous. oflb. . 10, 892
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. ship.780
ping point
dol. per lb_.366
Staple viscose 1 \'i denier
do
Rayon and acetate broad-woven goods, production,
510, 845
quarterly 0*
thous of linear yards
7
473, 469
513, 367
r 24 1
60 8
29 1
431 427
SILK
Silk, raw:
Imports
thous. of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (AA), f. o. b. warehouse
dol. perlb..
640
573
666
593
698
814
643
695
414
521
465
449
5.53
6.05
5.12
6.21
5.21
5.20
5.18
5.23
5.27
5.43
5.58
5.39
»5.24
WOOL
Consumption, mill (clean basis) :ft
31,272 * 432, 225
29, 876
27, 736 44 29, 645
31, 396
Apparel class
thous. of lb_. ' 30, 004 *4 36, 490
18,968 44 20, 913 ' 18, 653 T 19, 736 4 24, 630
r 9 840
T 9 788
12,812
14, 320
4 n 740
9, 736
10, 308
Carpet class ... __
do._
10, 556
9, 940
7, 770
11,730
8 992
10 723
31, 569
29, 791
19,169
25, 093
21, 994
Im ports, clean content 9
do
30. 622
22 761
20, 774
12 889
16 322
17 13 5
14 277
17,254
Apparel class ('dutiable), clean content*
do
19, 489
15, 141
13,463
14, 956
10, 780
13, 267
11,237
8,094
8 182
6 12G
3 925
Prices, wholesale, raw, Boston:
T
1.719
1.737
1.752
Territory, 64s, 70s, 80s, clean basis
dol. per l b _ .
1.748
1.725
1.725
1.725
1.725
1. 725
1.725
1.725
1.725
1. 675
1.185
1.201
Bright fleece, 56s-58s, clean basis
do..
1.194
1.189
1.199
1 200
1 174
1 205
1 200
1 204
1 205
1 196
1 129
Australian, 64s, 70s, good topmaking, clean basis,
6
6
8
6
6
6
6
6
6 1. 750
1. 775
* 1. 775
1.778
1. 775
in bond
dol. per lb_.
1. 780
1. 780
1. 780
1. 779
61.775
1. 780
1. 775
6 1.725
0
Revisions for January
1953 (thous. bales): Stocks—total, 11,197; total domestic, 11,123; 3on farms, etc., 2,172.
r
4
5
v Preliminary.
Hc\ ised.
> Total ginnings of 1952 crop.
2 ( W i n n i n g s to Jan.
16.
Total ginnings of 1953 crop.
Data cover a 5-week period.
Specifications changed; quota6
7
tions bepinnhu' June If53 not comparable with earlier data.
Nominal price.
Data cover a 14-week period; other data are for 13 weeks.
.Total ginnhu's to end of month indicated.
IData for April, July, October, and December 1953 and March 1954 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered.
9 Revisions for 1952 appear in corresponding note in April 1954 SURVEY.
*New series. Imports of wool are compiled by the U S. Department oj Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
shown later.
JRe visions for 1952 are shown in the August 1953 SURVEY.
(."Revisions for broad-woven goods for first and second quarters of 1952 are shown in the October 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May 1954
1954
1953
March
April
July
June
May
August
September
October
November
December
January
2.110
2 098
2.098
2 073
2 037
v 2 025
February
March
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system wholesale price
dol per Ib
Woolen and worsted woven goods, except woven
felts :t
Production quarterly total
thous oflin yd
Apparel fabrics total
- - do.Government orders
do
Other than Government orders, total do -Men's and boys'
do
Women's and children's
_ _ _
do
Nonapparel fabrics total
do
Blanketing
-do Other nonapparel fabrics
do
Prices, wholesale, suiting, f./ o. b~. mill:
Flannel, 12-13 oz./yd., 57 76U"
1947-49=100..
Gabardine, 10^-12 ft oz./yd., 56"/58"
do
2.122
2.134
2.146
85, 334
72, 691
8,153
64,538
33,118
31, 420
1 2, 643
6,818
5,825
113.9
105.3
2.170
2.170
2.158
93, 123
79, 841
4,216
75, 625
39, 694
35, 931
13, 282
7,739
5,543
113.9
105. 8
113.9
105. 3
2.122
84, 375
71, 746
3,655
68, 091
29, 404
38, 687
12, 629
8,133
4,496
113.9
105.3
113.9
105.3
TRANSPORTATION
112.9
103.6
112.9
103. 6
72 485
63,606
4 320
59, 286
28 389
30 897
8 879
6 236
2 643
112.9
103.6
112.9
103. 6
112.9
103.6
112.9
103.6
111.5
103.6
111.5
130.6
250
105
278
92
240
65
312
534, 143
326
320
r
446 676
r
425, 392
'T 87, 141
72 468
633 002
296
288
531 529
510 024
101 177
85 154
EQUIPMENT
AIRCRAFT
Civil aircraft shipments
Exports9 .
-
358
81
402
112
417
119
339
104
402
154
350
138
359
92
235
146
275
137
number. .
do
do
do
- do __
do
- do
700, 685
236
189
566, 320
545, 961
134,129
122, 043
723, 532
145
141
596, 633
577, 971
126, 754
114, 787
643, 487
367
339
549, 677
531, 544
93, 443
82, 433
661, 992
380
359
587, 549
570, 826
74, 063
66, 063
705, 132
376
368
599, 134
581, 870
105, 622
92, 788
615, 382
447
407
513, 457
501,055
101,478
89,911
573, 688
348
344
475, 289
465, 737
98, 051
86, 919
620, 562
519
496
528 088
516, 257
91, 955
79, 541
452 487
371
288
378 406
369 994
73, 710
64 781
do
do~do
27, 257
15, 372
11,885
28, 675
16, 704
11,971
28,511
16,455
12,056
22, 661
14, 397
8,264
23, 585
13, 544
10, 041
24, 656
11,862
12 794
22, 881
10, 455
12, 426
19, 823
8 951
10 872
23 557
10 040
13 517
6,740
6,429
2,823
3, 606
311
8,850
8,516
2,990
5,526
334
9,781
9,454
3,166
6, 288
327
9,708
9.351
2,778
6, 5/3
357
9,285
8, 965
2,526
6, 439
320
9,703
9, 498
2 629
6, 869
205
9,906
9. 708
2,281
7,427
198
486, 368
79, 672
528, 110
91,127
540, 575
86, 366
542, 193
77, 199
533, 783
76, 161
502, 430
76, 673
453, 806
78,319
504, 697
82, 661
450,311
72, 596
413, 937
68. 659
6, 726
4,958
4, 952
1,768
6, 968
4,768
4,737
2,200
7, 080
4,313
3, 959
2,767
7, 066
4, 029
3, 574
3, 037
7,096
4,823
4, 376
2, 273
6,001
3,718
3,574
2,283
6,666
4,305
3, 675
2,361
8 963
5,636
5 631
3,327
6 574
4,173
3 912
2^401
4 75^
3, 169
2 873
1,583
723
723
39
39
707
707
37
37
692
692
27
27
843
688
26
26
822
667
37
37
780
625
42
42
759
600
34
34
715
560
46
42
736
422
44
44
1, 764
1, 765
1,769
1 771
1 772
1 775
88
5 0
54, 333
30, 141
24 192
1,767
'
89
5 0
50, 717
29,351
21, 366
1 767
89
5 0
59, 354
32, 732
26 622
91
5 2
45, 804
26, 880
18 924
92
5 2
40, 119
22, 908
17 211
92
5 2
40, 224
21, 497
18 727
94
5 3
37, 554
20, 651
16 903
90
51
33, 159
15, 405
17 754
1,784
12.1
1, 656
11. 5
1,547
11 1
1,437
10 6
1,315
10 0
1,336
10 4
1, 216
9 7
843
861
675
564
511
405
47
40
45
39
61
46
832
794
38
732
690
42
677
640
37
945
902
43
673
591
82
626
576
50
number _
do
MOTOR VEHICLES
Factory sales total
Coaches, total
Domestic
Passenger cars total
Domestic
Trucks, total
Domestic
.. -- -
-
Exports, total? Passenger cars 9
Trucks and busses 9
-
Truck trailers production, total
Complete trailers cf
Vans
4 11 other cf
Trailer chassis
-__ .
-
Registrations:
New passenger cars
New commercial cars
-
do do __
do
do
do
do
do
8
8
2
5
366
194
608
586
172
7
7
2
5
482 920 T 551 130
424
401
393
361
387 844 r 454 562
371 844 r 435 139
94 652
96 167
80 224
83 563
21 578
10 884
10 694
867
673
538
135
194
5
5
2
2
r
31 433
18 195
13 238
29 700
16 448
13 252
616
219
316
903
397
667
502
767
735
165
5 ooo
4 741
1 879
2 862
' 259
369, 592
60. 843
480, 731
72, 583
5 101
3,815
3 658
1. 286
4 041
3,014
2 947
1, 027
4 826
3,796
3 793
1,030
712
398
27
26
686
384
29
17
690
405
40
22
636
374
59
36
1 777
1 776
1 777
1 775
1 773
92
5 2
30, 703
13,911
16 792
88
4 9
27, 678
12, 256
15 422
PI
5 1
23, 537
9, 153
14 ^34
94
5 3
20, 548
6, 784
1 ^ 7fi4
1, 223.
10 0
1,222
10 2
1,232
10 5
1,215
10 6
1,210
1,222
545
628
659
571
486
521
365
48
37
63
46
37
33
797
735
62
877
845
32
677
632
AK.
673
630
43
523
485
467
437
4 724
4 585
1 899
2 686
139
r
340, 698
60, 694
r
4
4
1
2
r
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments tottil
-~
Equipment manufacturers, total
Domestic
Railroad shops, domestic
number
do
do
do
Passenger cars, equipment manufacturers:®
Orders unfilled end of month, total*
do
Domestic
_
do
Shipments, total _ . _ - . _ _ _ do
Domestic
do
Association of American Railroads:
Freight cars (class I), end of month:§
Number owned
thousand 5
Undergoing or awaiting classified repairs
thousands..
Percent of total ownership
Orders, unfilled
number-Equipment manufacturers
do
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number ..
Percent of total on line
Diesel-electric and electric: Orders, unfilled
number of power units. _
Exports of locomotives, totalf
do
1A O
98
16, 896
4,068
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
-
-.
--
number. .
do
do
00
r
473
AAQ
25
Revised.
» Preliminary.
^Revisions for 1952 are shown in the August 1953 SURVEY.
9 Data exclude all military-type exports. Scattered monthly revisions for 1952 for motor vehicles will be shown later.
cf Revised beginning 1952 to include production of converter dollies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS. Revisions
for January-September 1952 are shown in the December 1953 SURVEY.
©Excludes railroad shops except when noted.
*New series; monthly data prior to 1953 will be shown later.
§ Not including railroad-owned private refrigerator cars.
^Revised exports for May 1952, 41 locomotives.
U. S . G O V E R N M E N T P R I N T I N G O F F I C E : 1954
•INDEX TO MONTHLY BUSINESS STATISTICS, Page*»
Pages marked S
Pases marked S
Food products
.
.—
2,
Abrasive paper and cloth (coated)
38
Personal saving and disposable _„_.,_„
3, 4, 5, 8, 9, 11, 12, 14, 18, 27, 28, 29, 30
Acids-_.___ — — . _
_—
24
Petroleum and products-$.....,.LiilV *!
Foreclosures, real estate
7
Advertising
.
. __
7, 8
• 3,4,5,11, It, 13,I& !$/:__ „_, _,
Foreign trade indexes, shipping weight, value
Agricultural employment
,
10
32
Pig iron
^
*..'..-.^*..__-..*;*:.ff4jC.(
by regions, countries, economic classes, and
Agricultural loans and foreign trade_ _
15, 21, 22
Plant and equipment expenditures____-__.-.
commodity groups.
.
_._
. 21, 22
Aircraft
—
______
2,11, 12, 13, 14,40
Plastics and resin materials
»*'....-.«.*«..,
26
Foundry equipment-__,
34
Airline operations
22
Plywood...
...... 31
f
Freight carloadings
__ _ _ . —
23
Alcohol, denatured and ethyl _ _ .
2-*
Population
........ j*,..10
Freight cars (equipment) _
_
40
Alcoholic beverages__
_
2, 6, 8, 27
Pork
...I,
^..w* •• 29
Freight-car surplus and shortage-.23
Aluminum
.
33
Postal savings
-*.._v---»--^
>16
Fruits and vegetables.™_-_-.,
5, 21, 27
Animal fats, greases, and oils
25
Poultry and eggs
,
-..._. 2,5,29
Fuel oil
35
Anthracite _ _ _
11, 13, 14, 15,34
Prices (see also individual commodities):
*
Fuels-.-_ _ . 5,34,35
Apparel, wearing,.. 2, 3, 4, 5, 6, 8, 9, 11,12, 14, 15, 38
Consumer price index
...i.w'...^. '
5
Furs_
22
Asphalt and asphalt products
36
Received and paid by farmers
...... .
5
Furnaces
,_
34
Automobiles— 2, 3, 8, 9, 11, 12, 13, 14, 16, 13, 21, 40
Retail price indexes
......— ^ 5
Furniture „ „ _ _ _ _ _ _
2,3,5,8,9, 11, 12, 13, 14, 16
Wholesale price indexes
... ". 5,6
Bakery products
— — 2, 11, 12, 13
Printing and publishing
2,3,4,11,12,14,'15*37,
Gas, prices, customers, sales, re venues- _ _ .
. 5, 26
Balance of payments
20
Profits, corporation
._TJ... '1 1,18
Gasoline
__^___
_—
8, 9, 36
Banking — —
15, 16
Public utilities— 1,6,11,13,14,15,17,1«, 19, 20,2$
Glass products (see also Stone, clay, etc.)---- 2, 38
Barley
.
—
28
Pullman Company
.-...._,„
23
Generators and motors.
34
Barrels and drums
32
Pulpwood
•
-..
36
Glycerin
_
24
Battery shipments
-34
Pumps
-..-.^
34,
Gold. — _ _ _ _ _ _ — _ —
——
18
Beef and veal
29
Purchasing
power
of
the
dollar
;
.6
Grains
and
products.---.
5,
19,
21,
23,
28
Beverages____
2,3,4,6,8, 11, 12, 14, 27
Grocery s t o r e s - _ _ _ _ _ „ _ .
9
Bituminous coal
11, 13, 14, 15, 34, 35
Radio and television..
.-. $. 7,8,34
Gross
national
product
1
Blast furnaces, steel works, etc
11, 12, 13, 14
Railroads, employment, wages,financialstaGypsum and products---_ _ _ _ _ _ 6,38
Blowers and fans
—.34
tistics, operations, equipment..
„.,
^
11,
Bonds, issues, prices, sales, yields
, _—
19
12,13,14,15,17,18,19, 20, 22-fe, 40
Heating
apparatus,
„_
6,
11,
12,
13,
14,33,34
Book publication
.____
37
Railways
(local)
and
bus
lines
11,13,14*
IS
Hides and skins______
5, 22,30
Brass____
——
33
Rayon and rayon manufactures
.......
39
Highways and roads _ _ _ _ „ _ _
6,7,12,15
Brick. —
.
——
---38Hogs__
Real
estate—
7,1&17,19
29
Brokers' loans and balances..
16, 19
Receipts, United States Government—
*.
16
Home Loan banks, loans outstanding. _ _
7
Building costs
,
,.
.
7
Recreation
...
S:
Home mortgages.. — _
,_, .__.
.
7
Building and construction materials
7,8,9
Refrigerators, electrical
_.-—.
34
Hosiery.
__.
38
Business sales and inventories
3
Rents
(housing),
index.
.
5
Hotels_____,_
_ — _ — 11,13, 14, 15, 23
Businesses operating and business turnover—
4
Retail trade, all retail stores, chain stores (11
Hours of work per week.
12,13
Butter
.
______
27
stores
and
over
only),
general
merchandise,
Housefurnishings-.
_,__.____.
5, 8, 9
department stores
3,4,8,9,10,11,13,14, IS
Household appliances and radios
5, 8, 9, 34
Cans (metal), closures, crowns- „ _.
33
Rice
...
................
' 28
Carloadings
.
.
23
Imports (see also individual commodities)- 20, 21, 22
Roofing and siding, asphalt
....
36
Cattle and calves
29
Income,
personal
1
Rosin
and
turpentine
,.-.-,-;24
Cement and concrete products
__
6, 38
Income-tax receipts
, ____
.
16
Rubber, natural, synthetic,-and reclaimed
Cereals and bakery products
5, 11, 12, 14
Incorporations, business, new
,~
4
tires and tubes
. €^22,37
Chain-store sales (11 stores and over only)
9
Industrial production indexes
2,3
Rubber products industry, production Index,
Cheese
27
Instalment
credit_
_
_
.
.
16
sales,
inventories,
employment,
payrolls,
Chemicals--2, 3, 4, 5, 11, 12, 14, 15, 18, 21, 24
Instalment sales, department stores_ „ _ _ ,
10
hours, earnings...
2,3,4,12,14,15
Cigars and cigarettes
6, 30
Instruments and related products...,- 2, 11, 12, 13, 14
Rural sales
'—
„
10
Civilian employees, Federal
12
Insulating materials--.
_.
34
Rye
„
28
Clay products (see also Stone, clay, etc)
2, 6, 38
Insurance,
l
i
f
e
_
_
_
_
_
_
_
,
_
,
_
_
_
_
_
,
1
7
Saving, personal
.
.
..
1
Clothing (see also Apparel)
— - 5,38
Interest and money rates.__.____-._
16
Savings deposits
.... 16
Coal
—
2,3,11,13,14,15,21,23,34,35
International transactions of the U. S
20, 21, 22
Securities issued
18,19
Cocoa
—
__-22,29
Inventories, manufacturers' and trade,
3, 4, 9, 10
Services
4,5,8,11,13,14, IS
Coffee — .
..
22, 29
Iron and steel, crude and manufactures-2,
Sewer pipe, clay
„...'
38
Coke. — _„ — .— 23,35
6,18,21,32,33
Sheep and lambs
..—
29
Commercial and industrial failures
_
4
Kerosene.. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ — - —
35
Ship and boat building
11,12,13,14
Communications11, 13, 14, 15,13, 19, 20, 23
Shoes and other footwear
8,9,12,14, IS, 31
Confectionery, sales
.--.
29
__„______
13
Labor disputes, turnover.
Shortening
.
26
Construction:
Labor force
--__
10
Silk,
imports,
prices
-..
6,39
Contracts awarded
_____.—
6
29
Lamb and mutton
Silver.
...
18
Costs
. —...
______
7
29
LardSoybeans and soybean oil
;.
25
Dwelling units
.__
. -.
•- 7
33
LeadSpindle activity, cotton
........ J..
39
Employment, earnings, hours, wage rates-_
11,
Leather and products.____ 2, 3, 4, 5, 12. 14, 15, 30, 31
12,13,14,15
Steel
ingots
and
steel
manufactures
(see
also
Linseed o i l _ _ _ _ _
,____„
25
Iron
and
steel)
........
2,32,33
Highway._ _ _ _ _ _ _ 6, 7, 12
Livestock.-—
__ 2, 5, 23, 29
Steel scrap
.
,.,_.
32
New construction, dollar value- _
.. _
6
Loans, real estate, agricultural, bank, brokers'
Stocks, department stores (see also InventoConsumer credit
.-_
16
(see also Consumer Credit)
__ _ 7, 15, 16, 17, 19
ries)
....*..'
10
Consumer expenditures
,_.
______
1, 8
Locomotives
___„
,
40
Stocks, dividends, listings, prices, sales, yield..
20
Consumer price index
—5
Lubricants
.
_____„.—, _—
_
35
Stone and earth minerals
2.3
Copper
22,33
Lumber and products.--_
2,
Stone,
clay,
and
glass
products-..
Copra and coconut oil—
— -—— — _
25
3, 5, 8, 9, 11, 12, 13, 14, 18, 31, 32
Corn
19, 28
Machine activity, cotton.__,
39
Stoves.
Cost-of-living index (see Consumer price
Machine
tools
_
„
_
_
_„__.
34
index)
,_ _
, -.
-.
5
M
a
c
h
i
n
e
r
y
_
_
_
_
_
_
_
2,3,4,5,11,
12,
13,14,
18,21,34
Cotton, raw and manufactures _ _ „
2, 5, 6, 21, 39
Magazine advertising _ _ _ _ _ „ — _
_
8
Sulfuric acid
24
Cottonseed, cake and meal, oil__.
_______
25
Mail-order houses, sales
.__
.
9,10
Credit, short-and intermediate-term _ _ — _ _ _
15
Superphosphate
.......... . 24
Manufacturers'
sales,
inventories,
orders3,4
Crops___
2, 5, 25, 27, 28, 30, 39
Tea
„ ...... _,_,*_,
Manufacturing production indexes
2,3
Crude oil and natural gas
.
,____
__
2, 3
Telephone, telegraph, cable, ami radio-teleManufacturing production workers, employCurrency in circulation
. —..
,__
18
graph carriers
ment, payrolls, hours, wages
11, 12, 13, 14, 15
Television
Meats and meat packing...,-2, 5, 11, 12, 14, 29
Dairy products
5,11, 12, 14, 27
Textiles..- ~.~% 3,4^11,12,14^ I5r
Medical and personal care
,_
5
Debits, bank
_
15
Tile
,
I
......
Metals— ...... 2, 3, 4, 6, 11, 12, 13, 14, 15, 18, 32, 33
' 3» •'
Debt, United States Government
.
17
Tin
. . .
Methanol.—
—
—
_
24
Department stores
_ _ _ _ _ _ _ „ _ _ _ 9, 10, 16
Tires
and
inner
tubes
:^,I8,14,1$^ 37
Milk— — —
—
27
Deposits, bank
15, 16, 18
Tobacco
2,3,4, 5,6,8,11,12,14i IS, 21,30
Minerals and mining
2, 3,11,13, 14, 15, 20
Disputes, industrial
_,
13
Tools, machine
.
,
...^..*... ,'• 34
Monetary statistics.-- — _ _ _ _ _ .
__.
18
Distilled spirits
27
Tractors
„„*..
34
Money
orders
—
_
.
_
_
_
.
,
_
_
_
8
Dividend payments and rates , ...
1, 18, 20
Trade,
retail
and
wholesale.
3,4,8,9,10,11,13,14,15
Money supply._.
18
Drug-store sales
...
8, 9
Transit
lines,
local
.
^..»,_...
,
22
Mortgage
loans___
.
_
_
_
—
___
7,
15,
16,
17
Dwelling units
______
7
Transportation, commodity and passenger. 5, 22, 23
Motor carriers
__.— — _
.
22
Transportation equipment-——_——.—_—
3,
Earnings, weekly and hourly
13, 14, 15
Motor fuel. — _ - _ — _ — .
_.
36
3,4,11,11,13,14,18,40
Eggs and poultry
2, 5, 29
Motor vehicles
3,5,8,9, 18,40
Travel
.
.........•...^»,_ • . 23 .
Klectric power
„
.
, „ „_ _
.
5,26
Motors, electrical.....
. —_
34
Truck trailers
=.
....
40
Electrical machinery and equipment
2,
National income and product
„,
1
Trucks
.^-,..
40
3, 4, 5, 8, 11, 12, 13, 14,18, 21, 34
National parks, visitors. — — — —
23
Turpentine and rosin
,—.
......*._._,
24
Employment estimates and indexes
_ _ _ „ 10, 11,12
Newspaper advertising- _ _ _ — _ . . . .
8
Unemployment and compensation—.—„_.— 10,13
Employment Service activities--13
Newsprint—
_ - - - - . _ _ _ _ _ _ _ _ _ _ 22, 37
Engineering construction ,
6
United States Government bonds..... 16,17,18,19
New York Stock Exchange, selected data
19, 20
United States Government finance ..... 16,17
Expenditures, United States Government
15
Nonferrous metals..— 2, 6,11, 12,13,14,18, 22, 33
Utilities
1,5,6,11,13,14,15,17,18,19,20,26
Explosives _ _.—
,--.
25
Noninstalment
credit
—
..
_.—
16
Exports (see also individual commodities)
20, 21
Vacuum cleaners.
...
...........^.i1';;' - 34Express operations
.
22
Oats. _ _ — _ _ — _
__—__ — _—_.
28
Variety stores
..,.......r.X9
Oil burners............
.—
33
Vegetable
oils
„
i.™*;.., tS, 26 ,
Failures, industrial and commercial
4
Oils and fats, greases...
_—
5, 25, 26
Vegetables
and
fruits
^..
2,3
21»
27
t
Farm income, marketings, and prices . _ _ _ „ _
2, 5
Oleomargarine
_.
26
Vessels cleared in foreign traae_..^....:..^.^i v , 23
Farm wages
,.
,____
15
Operating businesses and business turnover. _
4
Veterans'unemployment allowances.....___.
13
Fats and oils, greases
...
5, 25, 26
Orders, new and unfilled, manufacturers' _ .
4
Wages, factory and miscdlaneous..._.... 13,14, If
Federal Government
finance
__.
17
Washers
—^i........
3
4
Federal Reserve banks, condition of
.
15
Paint and paint materials..
, — — ___ — _ 5, 26
Water heaters
...r...U^
34
Federal Reserve reporting member banks
16
Panama Canal traffic. — _ _ _ — _
23
Wax
„
.-i-....,*..
36
Fertilizers..
5, 24
Paper and pulp—.. 2, 4, 6,11,12,14,15, 22,36, 37
Wheat and wheat
flour.
..—....:...^^ If. 28
Fiber products....--,
34
Paper and products
,-.
.__.
._.
2,
Wholesale price indexes
_-___.__--.__
5,6
3, 4, 6,11,12,14,15,18, 36, 37
Fire losses
.____.
7
Wholesale trade
3,4,10,11,13,14,15
Passports issued. — _ _ _
....—
- ...
23
Fish oils and
fish—
25, 29
Wood
pulp
..
3fi
Payrolls, indexes
_— __ — — — —
,__ — _
12
Flaxseed—— -—
25
Wool and wool manufactures
..... 6,22,39,40
Personal consumption expenditures1,8
Flooring. — .....
31, 32
Personal income
..
1
Flour, wheat.--.
28
Zinc
——
W
33
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