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NOVEMBER 1946
SURVEY OF
CURRENT
BUSINESS
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
Survey of
CURRENT
BUSINESS
VOLUME 26, No. 11
(
NOVEMBER 1946
Statutory Functions: "The Bureau of Foreign and Domestic Commerce
to foster, promote, and develop the foreign and domestic commerce of
the United States" [Law creating the Bureau Aug. 23,1912 [37 Stat. 408].]
Contents
Page
THE BUSINESS SITUATION
New Capital Issues.
CONSTRUCTION AND BUSINESS
CYCLES
STATISTICAL DATA:
New or Revised Series
Monthly Business Statistics:
1
6
7
Business i n d e x e s . . * • * . . .
Business population
Commodity prices . . . . . . * . * . . .
Construction and real estate. • •
Domestic trade
Employment conditions and
wage*
Finance
..«*•••••••..«
Foreign trade.
*
Transportation and c o m m u n i cations
Commodity sections:
Chemicals and allied products
Eleetrie power and gaa
Foodstuffs and t o b a c c o . . . . . .
15 Statistical Index
Page
S-l
S-3
S-3
S-5
S-6
S~9
S-15
S-20
9-22
S-2S
S-26
Commodity sections—Con.
Leather and products . . . . * • •
Lumber and manufactures • •
Metals and manufactures s
Iron and steel
Nonferrous metals and
products..........
Machinery and apparatus.
Paper and printing
Petroleum and coal products
Rubber and rubber products.
Stone, clay, and glass products
Textile products
•
Transportation e q u i p m e n t . .
Canadian statistics
S-SQ
S-51
S-32
S-3'5
S-34
S-34
S-36
S-37
S-37
S-S8
S-40
S-40
Inside back coyer
SI 1^1 OlC"B-*Contents of this publication are not copyrighted and [j
\ , may be reprinted freely. Mention of source will be appreciated Jp
Published by the Department of Commerce, W« AVERELL HARRIMAN, Secretary.—Bureau of Foreign and Domestic Commerce, AMOS E. TAYLOR, Director* Subscription
price $2 a yearj Foreign $2.75. Single copies, 20 cents. Price of the 1942 Supplement, the
last issue, 50 cents. Make remittances direct to the Superintendent of Documents,
United States Government Printing Office, Washington 25, D* C.
THE BUSINESS SITUATION
By the Office of Business Economics
HE ACCELERATION of the GovernT
ment's price decontrol program was
among the chief economic developments
during October. Price indexes moved
higher, not only by reason of the rise in
the decontrolled commodities but also of
the rise in others where higher prices
represented allowances for increased
costs of materials in accordance with the
pricing formulae.
A further expansion occurred in production, particularly in the reconversion
area where improvement in the flow of
parts and subassemblies aided in stepping up the rate of flow of finished commodities. Rising tendencies were less
marked in the field of distribution.
Though sales of durable goods moved upward with the increased flow of supplies
to retailers, sales of nondurable goods
have not been so strong. In September,
the latter sales increased dollar-wise but
by less than the seasonal amount.
More Selective Purchasing
The stepped-up flow of finished goods
from the Nation's factories made only a
small dent in the backlog of unfilled orders, but recent data on the flow of new
orders give some evidence of more selectivity of purchasing. Merchants are purchasing less freely than a year ago and
are giving more attention to the composition of both their inventories and
commitments, partly because of the rising flow of merchandise of improved
quality which may be expected to influence consumer buying of some alternative goods which have enjoyed a ready
sale in the initial reconversion year.
Stock prices at the end of October were
about the same as at the beginning of
the month, but there were relatively wide
fluctuations during the interim period.
Thus the market average remained about
20 percent below the high reached last
May. Whether the decline has had any
direct influence upon the expansion
plans of business is difficulty to answer.
Business spending for both plant and
facilities and for inventory rebuilding
continued to increase throughout the
third quarter. However, fourth quarter
plans for business expenditures for plant
The Month in Review
Price developments were again
in the forefront during October, (
with prices moving upward over a |
broad front as a result of the
accelerated decontrol program initiated in the middle of the month.
Production continued to expand.
Retail sales continued high, but
recent trends have not been uniform, with durable goods sales rising and nondurable goods sales
lagging as consumers give evidence
of more selectivity in purchasing.
Inventory buying continues as a
major source of business demand.
Business outlays for plant and
equipment anticipated for the
fourth quarter show a tendency to
level off, but it is not possible to tell
from the data whether this reflects
other than Government restrictions and supply difficulties.
Income payments to individuals
were lower in September than in
July and August, reflecting the
fluctuations in agricultural incomes. At an annual rate of 168
billion dollars for the third quarter,
they were 7 billion dollars above the
rate in the previous quarter and
were also above the war peak.
*
*
*
*
*
Most of the statistical series used
in this review of the business situation will be found in the statistical
section at the back (pp. S-l to
S-40).
and equipment show a tendency for such
outlays to level off, according to the
quarterly survey of the Securities and
Exchange Commission and the Department of Commerce. It is not possible
to tell to what extent Government restrictions on commercial projects or anticipated difficulties in actual construction may have influenced the aggregate
of these fourth quarter plans.
Advance in Wholesale Prices
The latest spurt in the wholesale price
index—during the 4 weeks ending October 26 the index advanced 9 percent,
bringing the total rise since the end of
June to 21 percent—did not indicate an
intensification of the pressure on prices;
rather the rise was a response to the
accelerated price decontrol program announced by the President on October 14.
Immediate removal of ceilings on meats
and livestock followed—which action led
to the speedy resumption of meat production in heavy volume. Subsequently,
controls were lifted on a whole series of
other commodities. The magnitude of
the price rise following decontrol was
indicative of the degree of restraint previously exercised, although former ceilings were not always representative of
actual prices paid by buyers.
Among the consumers' goods, price
ceilings were removed during the latter
half of October from practically all foods,
tobacco products, alcoholic beverages,
shoes, small home appliances, and many
house wares. Price controls were still applicable to household rents, most clothing, many durable consumer goods, and
a variety of miscellaneous items, but a
further shrinkage in the area of controls
was in prospect for the near future. In
the aggregate, the shrinking controlled
area of prices in early November accounted for about two-fifths of total
consumer purchases, compared with
four-fifths in early 1946.
The distinction between controlled
and uncontrolled prices has never been
a distinction between fixed and flexible
prices, nor is it likely to be such in the
period ahead. Thus, the prices of all
commodities in the wholesale price index
under price control both on June 29 and
on October 26 rose 7 percent, or about
one-third as much as the rise in the total
index. On the other hand, the prices of
commodities which were uncontrolled on
August 13 and were still uncontrolled on
October 26 were 33 percent higher on the
latter date as compared with end-ofJune quotations. In general, however,
the prices in the uncontrolled group are
SURVEY OF CURRENT BUSINESS
to the end of June. Immediately after
the lifting of price controls on hides and
skins on the last day of October, the
prices of these commodities rose very
sharply.
Chart 1.—Weekly Wholesale
Prices
Some Price Declines, Notably in Cotton
1945
-"+-
1946
-
--
Source of data: U . S . Department of Labor.
of the type which fluctuate most widely—
farm products, for example.
Comparison With 1920 Peak
As of the week ending October 26—
which was 2 weeks after the decontrol
program had been accelerated—the food
component of the wholesale price index
was substantially above the high established after World War I, and the farm
products component was about as high
as the 1920 peak.
The index of commodities other than
farm products and foods, on the other
hand, ended the month considerably
below the 1920 peak. As shown in chart
1, the slow but steady uptrend in the latter group of prices—most of which are
still under ceilings or have only recently
been decontrolled—stands in sharp contrast both with respect to the level of,
and movement of, prices of farm products and foods.
The breakdown given in table 1 shows
that the 7-percent increase in the wholesale prices of commodities other than
farm products and foods since the end
of June compares with increases of 50
percent and 21 percent for foods and
farm products, respectively. The nonfarm, nonfood classes showing the largest gains for the 4-month period were
textile products and hides and leather,
but in some cases, notably building materials, large increases had occurred prior
A few commodity prices have moved
against the general trend. Prices of
feed grains, particularly corn, moved
lower, as the bumper harvest got under
way. A few foods such as poultry and
eggs, which had been in heavy demand
because of the scarcity of meat a few
weeks earlier, also were selling for substantially less at the end of the month.
By far the most spectacular price reversal during the month occurred in cotton prices. Cash cotton in New York
rose to a high of almost 40 cents per
pound on October 2, about 70 percent
higher than the price a year ago. Later
in the month the market broke sharply,
dropping the permissible limit of 2 cents
a pound on several successive days and
forcing the Nation's cotton exchanges to
close on 3 separate occasions. A low
point slightly under 30 cents was reached
on October 29, after which date the cotton market staged a mild recovery which
extended into early November.
The downward adjustment in raw cotton prices had a stimulating effect on
trading in textiles, since it stimulated
November 1946
selling of goods which were being priced
under the escalator clause of the Price
Control Extension Act. With this incentive to delay shipments eliminated,,
selling became more active and contracts
for future delivery, which are widely
used in the industry, were being offered
more generally, according to trade
reports.
Retail Buying Undergoing Adjustment
Total retail sales have continued to
increase in dollar volume. However, the
increase from August to September was
less than seasonal, notwithstanding some
further increase in prices. Departmentstore sales reports point to a lagging
tendency in October, but data are not yet
available for other groups.
As shown in chart 2, whatever lag is
implied in these sales results is wholly
attributable to sales of nondurable goods.
There has been no interruption of the
rise at durable-goods stores where sales
have been sharply upward in physical
volume as well as in dollar totals. Shifts
of this nature were suggested by the
analysis of retail sales presented in the
October issue.
Certain qualifications should be noted
regarding the significance of these developments. In the first place, the September and October sales figures were
held back by the poor showing in New
Chart 2.—Sales of Retail Stores l
INDEX, 1935-39 = 100
INDEX, 1935-33- IOO
350
350
DURABLE GOODS
STORES
ALL RETAIL
STORES
ADJUSTED FOR SEASONAL VARIATION
NONDURABLE
GOODS STORES
UNADJUSTED
300
- 300
250 -
- 250
200 -
~ 200
150 -
too
S945
1946
1945
i Indexes are based upon daily average sales.
Source of data: U. S. Department of Commerce.
SURVEY OF CURRENT BUSINESS
November 1946
York City and Pittsburgh, where shopping was impeded by strikes.
Secondly, any hesitancy suggested by
the trade figures is associated with lessthan-seasonal gains rather than with actual declines, and is likely to be submerged in the holiday season ahead. In
view of the current high income payments, there is no reason to revise the
general expectation that pre-Christmas
buying will be the heaviest on record.
Nevertheless, the recent trends confirm last month's statement that some of
the keen edge has been taken off the demand for goods at nondurable goods
stores, Sales at the latter stores during
the third quarter of the year exceeded
the average for the first 6 months by
only 4 percent, after allowance for seasonal factors, as compared with a considerably larger percentage increase in
retail prices of nondurable goods.
Chart 3.—Income Payments to
Individuals, by Selected Components
BILLIONS OF DOLLARS
4.5
4.0 _
/
3.5
X
/
^
\ y
TOTAL INCOME
PAYMENTS 1/ g
3.0
2.5 -
-
2.0
I
i 1 I I I 1 ! 1 1 .
1 1 . 1 1 1 .
I I ! !
Income Payments Above Wartime Peak
.5
P/IK CF ARMED
>* FORCES i/
^
.0 -
Contrast With Sales Rise in Late 1945
Two distinct phases can now be distinguished in the flow of goods to consumers
since the end of the war. In the first
phase, which began almost immediately
after VJ-day and extended into early
1946, consumer supplies increased, principally through the diversion to civilians
of goods formerly purchased by the military, and the larger supplies generally
were absorbed by heavier consumer purchasing. Some reduction actually occurred in the inventories held by retailers by the end of 1945.
In the second phase, increased supplies
of consumers' goods resulted from rising
production, but part of the increase went
into business inventories. The increase
in durable goods output was large both
in absolute and in relative terms, but the
increase in nondurables was large only
in individual instances, and not in the
aggregate. As previously indicated, sales
at nondurable goods stores, after adjustTable 1.—Wholesale Commodity Prices
[Indexes, 192o=100]
Commodity group
Combined index (all commodities)
Foods
Farm products
All commodities other than
farm products and foods.
Textile products
Hides and leather products
Miscellaneous products-._
Fuel and lighting products
House furnishing goods
Building materials
Chemicals and allied products
Metals and metal products.
I
Week
Week Percent
ended ended
inJune 29 Oct. 26 crease
112.7
113.4
140.3
135.9
169.9
170.1
20.6
49.8
21.2
105.4
108.5
113.1
126. 5
7.3
16.6
123.8
92.9
143. 3
103.7
15.8
11.6
87.5
110.7
130.3
95.0
115.9
134, 2
8.6
4.7
3.0
96.9
111.6
99.5
114.4
2.7
2.5
Source: U. S. Department of Labor.
cumulation had been large and had recently accelerated.
September reports show that inventory
buying in that month continued at approximately the same rate as in August.
The reported increase in inventories was
about 1 billion dollars for the month,
with almost three-fifths of the rise going
to wholesalers and retailers. The latest
addition to business inventories brings
the total accumulation for the third
quarter of the year to S1/^ billion dollars'—from 28.8 billion dollars at the end
of June to 32.3 billion at the close of
September. Thus, inventory rebuilding
continues as an important segment of
current demand.
.5
4
A ^-PAYMENTS
0 _TTTT , i"71
i i
!
TO VETERANS 1/
1 I 1 1 ! 1 1 1 1
1
2.5
MANUFACTURING WAGES
(DURABLE GOODS)
2.0 "- ^
PAYMENTS BY TRA DE
ESJABLISHMENTS
1/
\
^
/
_»*<*•
\
1.5
, - /
AGRtCUL JURA L
\ * * * **
INCOME PAYMENTS $/\
w*1
LO -
_
MANUFACTURING WAGES
/A'0/VOUffABi.E: GOODS)
-
1
1945
1 1
i
i !
1946
MONTHLY TOTALS, SEASONALLY ADJUSTED
1 Includes items not shown separately in chart.
2 Includes Government's contribution to family allowances paid to dependents of enlisted personnel.
^Represents mustering-out payments, redemption of
adjusted service bonds (bonus to World War I veterans),
and veterans' pensions, compensation, and readjustment
allowances.
4
Data represent pay rolls and net income of proprietors.
8
Includes net income of farm operators (adjusted for
change in inventories of crops and livestock), farm wages,
net rents, and dividend and interest payments.
Source of data: U. S. Department of Commerce.
ment for seasonal factors and for price
changes, were somewhat lower in the
third quarter than earlier in the year.
No Change in Rate of Inventory Buying
Last month's analysis of the inventory
situation pointed out that inventories
were not high in relation to sales, that
they were unbalanced, and that further
accumulation could be expected this year.
Not only does the adequacy of stocks on
hand vary widely among different lines,
but price increases and upgrading have
been important factors in raising the dollar value of inventories. It was likewise
noted in the article that the rate of ac-
Throughout the third quarter of 1946
total income payments to individuals
were running at a rate in excess of the
wartime peak, after allowance for seasonal factors. The annual rate of payments for the third quarter was approximately 168 billion dollars, as compared with 161 billion dollars in the second quarter of 1946 and 164 billion dollars in the first quarter of last year.
It is apparent from chart 3 that the
recent movement of total income payments mirrors to a large extent the
fluctuations in agricultural income. ITie [
unusual volatility of the latter component has been due chiefly to the varying
policies with respect to livestock ceilings
(see bottom panel of the chart). Livestock marketings were heavy during
July and most of August, while ceilings
were suspended, and exceedingly light
during the succeeding month and a half
when ceilings were reimposed.
There have been steady increases in
other types of income payments which
have had a bolstering influence on the
total. Thus, agricultural income payments in September were back to the
June figure, after seasonal adjustment,
but total income payments remained
substantially higher than in June, although down from July and August. As
shown in the chart, wages in both durable and nondurable goods manufacturing have been moving upwards since
February—under the stimulus of higher
wage rates and larger employment
totals—and payments by trade establishments have also risen substantially.
Among the components of income payments on the downtrend in the recent
period have been pay of the armed forces
and payments to veterans—see middle
panel of the chart—but these declines
have lately been of small magnitude.
Unemployment compensation payments
also were lower in September, as the result of fewer unemployed workers filing
claims.
SUEVEY OF CURRENT BUSINESS
Planned Investment Outlays Level Off
The quarterly survey of planned expenditures on new plant and equipment
conducted jointly by the Department of
Commerce and the Securities and Exchange Commission indicates only a
small increase in planned outlays between the third and fourth quarters of
the year. The latest results, which are
summarized in table 2, are quite different than ithe results in earlier surveys
which showed large quarter-to-quarter
increases. The fourth quarter total of
3.4 billion dollars compares with planned
expenditures of 3.3 billion dollars in the
third quarter and actual outlays of 2.2
billion and 2.8 billion in the first and
second quarters, respectively.
The manufacturing and mining group,
which accounts for more than half of
all capital outlays of nonagricultural
businesses, anticipated a small reduction
in investment outlays in the final quarter of the year, but the drop is centered
in the mining and smaller manufacturing companies. The very large manufacturing concerns, as well as railroads,
utilities, and commercial and miscellaneous companies, all anticipated fur-
Table 2.—Expenditures On New Plant and Equipment *
[Millions of dollars]
1946
1945
Total
ATanufacturi^is and ininin01"
Railroads
_. - --.
Electric and pns utilities
Commercial and miscellaneous 2
Anticipated
Actual
Industry
- - _..
Total
JanuaryMarch
April-
June
July- | OctoberSeptem- j December
| ber
3 650
550
630
1, 820
6,380
620
1,000
3,720
1,210
100
180
720
1,530
130
230
920
1,850
180
280
990
6, 650
11,720
2,210
2,810
3,300 |
1,790
210
310
1,090
3,400
1
1 All industries except agriculture. Figures for 1945 and the first three quarters of 1946 are revised data.
Includes trade, service, finance, communication, and transportation other than railroad.
Source: U. S. Department of Commerce and Securities and Exchange Commission.
2
ther increases in investment expenditures. The increases, however, were the
smallest recorded for any quarter of
1946.
Marked Contrast in Production Trends
The contrast between postwar trends
in the production of finished durable
and non-durable goods has, of course,
been very marked. This is evident from
a comparison of the production series
Chart 4.—Output of Consumers' Durable Goods *
INDEX, FISCAL YEAR 1940-41 = 100
200
November 1946
INDEX, FISCAL YEAR 1940-4! = 100
H 200
150
shown in charts 4 and 5, which in most
cases cover the 12 months ending in September. With only few exceptions, the
output of consumer durable goods has
moved sharply upward since the end of
the war when the large-scale shift from
war to peacetime production was begun.
Production of nondurable goods, on the
other hand, has not conformed to any
general pattern, although most series
are about as high as a year ago or are
moderately higher.
The current levels of durable goods
and nondurable goods output also provide a sharp contrast, since the comparison with a prewar base period is much
more favorable in the case of nondurable
goods. The base period is the fiscal year
1940-41 for most of the durable consumer goods and the calendar year 1940
for the nondurables.
Many Durables Exceed Prewar Volume
IOQ
100
<!945
i Data represent production for batteries, tires, and automobiles and shipments for all other products, except that
base period data for automobiles represent factory sales. The base period data represent monthly averages for the fiscal
year 1940-41, except for electric irons and sewing machines for which the base periods are the calendar years 1940 and
1941, respectively.
* Data for October 1945 are not available.
Sources: Basic data, TJ. S. Department of Commerce and Civilian Production Administration, except data for batteries and tires, which are from Association of American Battery Manufacturers, Inc., and Rubber Manufacturers
Association, Inc., respectively. Indexes were computed by U. S. Department of Commerce.
Turning, first, to the durable consumer
goods illustrated in chart 4, it is apparent that prewar production was exceeded earliest in the case of washing machines and ironers, where January 1946
output was already above the base period
line shown in the chart. However, output fell off sharply in the succeeding
month due to work stoppages in the industry. By March of this year—7
months after full-scale reconversion got
under way—production of electric irons
and vacuum cleaners also was higher
than in the base period. Radios and
electric ranges exceeded base period production a few months later. In view of
this production performance and the expected high rate of output in the period
ahead, the prices of radios and many
home appliances were decontrolled by
the OPA at the end of October.
Passenger automobiles, mechanical refrigerators, and sewing machines are the
outstanding examples among the durables where output still is low by prewar
SURVEY OF CURRENT BUSINESS
November 1946
Chart 5.—Output of Selected Nondurable Goods x
in September as compared with a monthly average of 46 million pairs during the
first half of the year. The decline is
traceable to the difficulty in procuring
leather. Price uncertainties and the low
volume of cattle slaughter in June and
again in September and the first half of
October curtailed tanning operations.
The supply of women's hosiery has remained below prewar volume. Over 50
million pairs were manufactured during September, as compared with a
monthly average of 57.5 million in 1940.
Nylons accounted for almost three-fifths
of the September total. So far this
year, monthly production of nylons has
averaged about 29 million pairs, as compared with a production objective for
1946 of 30 million pairs a month. A cut
in deliveries of nylon yarn, effective in
September, forecasts somewhat lower
production of nylon hose during the remainder of the year.
With raw silk again becoming available, output of silk stockings rose to
slightly more than 3 million pairs in
September, or about 6 percent of total
hosiery production for the month. An
average of 43 Y2 million pairs of silk hose
a month was manufactured during 1940.
INDEX, 1940 = 100
INDEX, 1940 =100
250
1250
APPAREL WOOL
CONSUMPTION
200 -
RAYON
DELIVERIES
150
COTTON
CONSUMPTION
"SWOMENS
HOSIERY
50
50
O
N
D
J
F
M
A
M
J
J
A
S
O
N
D
0
N
D
J
F
M
^1945—
A
M
A
S
G
N
D
IS46
J F M A M J
*
J A S O N D
1946
i Data for leather tanning, cigarettes, and paper are adjusted for seasonal variation; all series except women's hosiery
are adjusted for the number of working days.
Building Materials Score Gains
Sources: Industrial production indexes of Board of Governors of the Federal Reserve System, except basic data for
cigarettes and women's hosiery, which are from U. S. Treasury Department and National Association of Hosiery Manufacturers, respectively. Data for cigarettes, which include tax-paid and tax-free withdrawals for consumption, were
adjusted by U. S. Department of Commerce, using Federal Reserve seasonal factors. Indexes with 1940 as base computed by U. S. Department of Commerce.
standards. Despite periodic temporary
shutdowns in some of the principal
automobile manufacturing plants, daily
average production of passenger cars has
been rising steadily from 7,100 units in
June to 12,400 units in October. Production of 285,000 cars in the latter
month compares with an average monthly rate of about 340,000 during 1940-41.
By way of comparison, truck production (not shown in the chart) has made
a much better showing since the end of
the war. The prewar rate of production was exceeded as early as April 1946,
while average monthly output since June
has been more than one-fourth above
the 1940-41 level. Assemblies of approximately 110,000 units in October represented a new all-time high.
Production of automotive replacement
batteries and passenger car tires was already at a high rate when the war ended.
Since then, tire production has risen
substantially and, at 5.9 million in September, was probably at an all-time high.
Automobile replacement batteries have
shown an opposite trend, due to the tight
lead supply situation, and no marked improvement is in prospect for the near
future.
In spite of continued increases in the
production of major building materials
throughout the summer months, the
supply situation in the industry is still
tight. August lumber production was
almost 3.5 billion feet and was the fourth
successive month in which production
Decline in Shoe Production
Among the significant developments in
the nondurable goods sector is the decline
in shoe output to about 40 million pairs
Table 3.—New Security Issues
[Millions of dollars]
Corporate
Year and month
Gross
proceeds,
all
offerings
1945:
Total
54,712
Monthly average. 4,559
1946:
January
1,585
February
1,180
March
1, 305
April
1,937
1,788
May
1,542
June
1,859
July
1,300
August
1,088
September
Total, 9 m o n t h s - 13, 643
Monthly average. 1,516
Noncorporate,
gross proceeds
Net proceeds by proposed uses
Gross
proceeds, Total
net
total
proceeds
New money by use
Retirement of debt
and stock
WorkTotal Plant
and
ing Funded Other
new equipdebt
debt
money ment capital
Preferred
stock
Other
pur- Total
poses
90
638
53
442
37
4,117
343
134
11
438
36
245
291
405
666
825
643
655
488
261
111
37
99
213
153
245
327
331
138
63
17
55
148
91
169
198
126
101
49
20
56
222
257
320
514
285
218
77
38
5
2
2
57
28
14
46
50
18
62
16
30
56
116
32
40
21
60
10
15
17
21
14
67
25
10
6
1,333
44
65
62
77
129
206
37
4,479
498
1,654
184
966
107
76
3,986
221
222
25
434
48
183
20
9,051
1,006
6,011
501
5,902
253
297
417
682
844
663
672
497
267
4,592
510
NOTE: More complete details for 1946 are given on p. S-18.
Source: Securities and Exchange Commission,
133 48,701
11 4,058
1, 255
943
879
1,186
863
821
U.S.
Gov't,
direct
and
guaranteed
47,353
3,946
1,261
803
805
967
793
755
1,053
778
742
7,959
6
exceeded 3.0 billion feet. Thus, the production goal of 35 billion feet for 1946
seems more likely of attainment than it
did earlier in the year.
All of the 16 materials included in the
Department of Commerce index of production for selected construction mater-
SURVEY OF CURRENT BUSINESS
ials registered gains in August compared
with July. Only the cast iron radiation
component was below its 1939 index in
August and only four materials (cast
iron radiation, lavatories, water closets
and rigid steel conduit and fittings)
were at a point below their 1941 index
November 1946
levels. However, the rates of production
of many important building products, including some not covered by this index,
are still below those required to meet
current demand and the situation is aggravated by the lack of inventories at all
distributive levels.
New Capital Issues
Coincident with the declining trend of
security prices, the market for new corporate issues has undergone considerable change. The rapid expansion in
the first half of 1946 has been followed
by a decline in offerings and some revisions of contemplated terms of sale.
All during the war the new corporate
financing undertaken was mainly for
refunding purposes, and the amount of
new capital secured through public issues was small in relation to the volume
of economic activity. During this period the Government financed most of
the required expansion since it was primarily for either direct or indirect war
purposes. Even refunding issues were
very limited during the first two years
of the war when the Federal Government requirements for war expenditures
grew tremendously.
Enlarged Volume of Refunding
By 1944, it was possible for the corporations to enlarge refunding operations to take advantage of the declining
trend of interest rates. In 1945, this
situation still prevailed though, with
VJ-day, more capital was needed for the
enlargement of facilities and for carrying the higher inventories required to
expand civilian production. The shifting of the financing of industrial and
other facilities, and of working capital
requirements, from public to private
channels, resulted in a marked reactivation of the new issue market.
Peak Flotations in May
During the early months of this year,
the capital market absorbed an increasing quantity of new corporate issues.
The peak of this financing occurred in
May when total issues, including new
money and refunding issues, exceeded
$800 million. In that same month the
stock market averages made their peak.
Subsequently, the flotation of new issues
declined as difficulty developed in marketing a variety of securities at the
offering prices. In a number of cases,
new issues went to a substantial price
discount in the market, once support of
The increased volume of new
corporate security issues floated
during the first half of 1946 reflected the favorable financing
terms then possible and, to a
smaller extent, the need for new
money to finance postwar expansion. The sharp decline in new
corporate issues since the May
peak does not indicate a lack of
investment funds which are still
large in the aggregate, nor any
change in the upward trend of
profits. Rather, it can be ascribed
to a shift in buyers' expectations
which, as in the stock market, has
resulted in a reappraisal of offering prices.
the underwriters was withdrawn. Frequently underwriters were forced to
carry large inventories of sticky offerings in the hope that they could be distributed later in a more favorable
market.
That the causal factor in this was a
dearth of investment capital is hardly
a tenable assumption in view of the comparatively low volume of new capital secured through the issues that have been
floated. Actually a high proportion of
the flotations was for the refunding of
outstanding bonds and preferred stock.
Only about 5 percent of the gross proceeds of all issues was used for retiring
debt other than funded obligations.
Table 3 shows the amount of corporate and noncorporate securities issued
so far during 1946 and the amount
floated in the full year 1945.
The noncorporate issues this year have
comprised 90 percent Federal Government direct and guaranteed issues.
Since the Federal Government has been
retiring outstanding indebtedness, these
issues have not meant an increase in
funds utilized—rather the reverse. The
bulk of the debt retired came out of the
holdings of banks, and there has been
only a slight increase—about a half billion dollars—in the holdings of non-bank
investors since the end of 1945. The remainder of the noncorporate issues so far
this year were mostly State and municipal securities.
New Funds About a Third
Of the corporate total of $4.6 billion
raised during the first three quarters of
1946, only $1.7 billion, or 36 percent, represented nev/ money secured. This is
the new money slated for this purpose
and does not necessarily represent net
new additions to aggregate corporate
capital since there has been in 1946 a
large volume of retirements not covered
by the data in the accompanying table.
Of this new money raised, about twofifths went into working capital and the
remainder was for plant and equipment
expenditures. That only a small part of
the expansion of plant and equipment so
far during the reconversion period has
been financed by new issues is apparent
from a comparison of the estimates of
plant and equipment expenditures with
the funds raised through public issues
for this purpose.
While there obviously are lags in the
application of funds, and the results of
the comparison are not exact, the following table shows the small fraction of
the expenditures that was met by new
issues. The figures in the first column
are from the quarterly survey conducted
jointly by the Department of Commerce
and the Securities and Exchange Commission, and those in the second are from
the SEC.
[In millions of dollai•s]
Newcapiissues
Plant and tal
plant Ratio
equip- forand
ment ex- equip- in perpendi- ment ex- cent
tures
penditures
1946:
First quarter
Second quarter
Third quarter
._
2,210
2,810
3,300
(Continued on p. 14)
135
408
434
6
15
13
November 1946
SURVEY OF CURRENT BUSINESS
Construction and Business Cycles
By Sidney Gertler
HE MARKET FORCES which most
T
actively determine the volume of
construction at the present time are
primarily forces stemming from the war.
They include the enormous volume of
internal migration during the war; the
substantial increase in incomes; the rise
in the general price level and in construction costs; the extraordinary accumulation of savings; the development
of large backlogs of demand for many
types of goods; and, with particular effect upon housing, the great increase in
marriages and the rise in the number of
doubled-up families.
The war has disrupted the continuity between the prewar construction situation and that existing at the present
time. Analysis of the present construction prospects by the usual technique of
examining the current situation in comparison with substantially comparable
immediately preceding periods and assessing the results of relatively small
changes in demand and supply factors
is therefore a method that seems at this
particular juncture to offer little promise.
In view of the need for longer-range
analysis, the purpose here is to undertake an examination of the recent history of construction and of the association between business and construction
cycles. This entails an examination of
the short cycle which followed the last
war for the purpose of finding the contrasts and similarities between that and
the current cycle.
Some of the major factors which have
enjoyed historical or academic acceptance as explanations of observed trends
and events can thus be weighed. An
attempt will be made to evaluate a few
of the more important explanations
which have been offered for construction
behavior, and to review some of the
shortcomings of the data now available
for construction analysis.
Summary
The recent war interrupted the
rising phase of a major construction cycle which began in the midthirties. Deficiencies carried over
from the prewar period are being
reinforced by war-caused stimuli,
so that construction activity will
almost certainly carry forward at
high levels in the immediate
future, although such factors as
high prevailing costs or the possibility of a short business recession
cannot be disregarded.
The very strength of the underlying construction situation can be
relied upon to bolster the economy
in the period ahead even if weaknesses should appear in other
business sectors.
Cycles in Business and Construction
Fluctuations in construction activity
affect general business activity because
construction is itself a major component
of general business, and because the expansion and contraction of construction
activity have repercussions upon the
other components of general business.
However, the fluctuations of general
business activity by no means follow the
same pattern as do those of construction
activity.
Thus, general business activity has
been found by one investigator to fluctuate in a major cycle of from 6 to 12
years, but generally within a range of
from 7 to 10 years, and averaging somewhat over 8 years. Superimposed upon
these major business cycles and distorting their course are minor business
cycles of from 2 to 6 years, but generally
within a range of from 3 to 4 years, and
averaging about 3% years.1
However, the course of general business activity is not merely cyclical, since
it also exemplifies the effect of random
factors which stimulate or depress business in various degrees. Wars are the
most notable of such stimuli, and there
Note: Mr. Gertler is a member of the
Construction Division, Office of Domestic
Commerce.
1
Cp. Alvin H. Hansen, Fiscal Policy and
Business Cycles (1941), pp. 18-19.
are some grounds for believing that a
great war breaks at least partially the
continuity between prewar and postwar business cycles, with the result that
after each great war a new set of minor
and even major business cycles is likely
to be generated. Among the other random factors affecting business are the
weather, discoveries of natural resources,
the settlement of new regions, the rise of
new industries, changes in tariffs, and
other significant acts of government.
Length of Construction Cycles
The most pronounced cycles of construction activity have had a length of
from 16 to 19 years and have averaged
between 17 and 18 years.2 In addition to
these cycles, construction is also subject
to less pronounced cyclical fluctuations
resulting from the successive stimulation
and depression of construction during
the swings of the major and minor business cycles. Such movements, reflecting
general business conditions, affect the
course of construction activity and to
some extent determine the precise timing of its peaks and troughs, but the major swings of the construction cycle appear to be largely unaffected.
The amount of decline of business activity in its cycle from peak to trough
has in recent business cycles ranged from
25 to 35 percent below its peaks. On
the other hand, the decline of construction activity in its cycle has fallen 50 to
70 percent below the peak level attained,
2
Much of the discussion on cycles is based
on the findings of earlier investigators and
depends heavily on the published results of
their researches. The principal sources for
the materials used are the following: Alvin
H. Hansen, Fiscal Policy and Business Cycles,
(1941); George F. Warren and Frank A. Pearson, World Prices and the Building Industry
(1937); Clarence D. Long, Building Cycles
and the Theory of Investment (1940); William H. Newman, The Building Industry and
Business Cycles, Studies in Business Administration, Volume V, No. 4, University of
Chicago Journal of Business, Volume VIII,
No. 3, July 1935; John R. Riggleman, "Building Cycles in the United States, 1875-1932",
Journal of the American Statistical Association, June 1933, Vol. 28; and Wesley C.
Mitchell and Arthur F. Burns, Statistical
Indicators of Cylical Revivals, National
Bureau of Economic Research, Bulletin 69
(1938).
8
so that construction activity at its peak
is two or three times that at the trough.
Because of the greater variation of construction and because of its importance
as the largest single industry except
agriculture, it is a particularly significant
component of general business.
Construction and Business Interaction
Since the construction cycle with its
average length of some 17 or 18 years encompasses four or five minor business
cycles, there is a tendency for about half
of the business booms to be somewhat
accentuated by construction booms, as
appears to have been the case in the
1920's, while the other half of the business booms attains relatively low peaks
due to the insufficient responsiveness of
a depressed construction industry and
of others contributing heavily to capital
formation, as during the business recovery of 1933-1937. Similarly, about
half of the business depressions are
mitigated by the buoyancy of construction as an important factor in capital
formation, as in the business declines
commencing in 1847, 1864,1883, 1900 and
1920, while the other half of the business
depressions tend to be more severe and
prolonged because they are coincident
with a low phase of the construction
cycle—as in the depressions commencing
in 1837, 1857, 1873, 1893, and 1929.
A high level of construction activity
does not assure a continuous business
boom, but what is assured is that the
peaks and the troughs in business activity will both tend to occur at a higher
level than if construction had been depressed. In addition, when construction
is active or increasing in activity, the
upswings in business tend on the average
to be longer in duration, and the downswings shorter.
The longer upward and downward
swings of the construction cycle are
interrupted by many contrary movements due in large part to—or perhaps
in anticipation of—the temporarily opposing movements of major and minor
business cycles. An outstanding exception occurs during a great war, when
business expands while construction may
be forced to contract despite considerable, but repressed, demand for the
products of the industry.
Similarities in War Periods
The present post-World War II situation of both construction and general
business is at least in part analogous to
the post-World War I situation. Prior to
World War I, construction had reached a
peak in 1909, at which time a surplus of
real property was considered to have
been produced, so that construction of
buildings declined to a trough by 1918,
SUEVEY OF CURRENT BUSINESS
November 1946
Chart 1.—New Private Nonfarm Construction and Industrialx Production,
Expressed As Percentages of Long-Term Trends
PERCENT OF TREND
200
PEfSiOD
BUILDING PERMIT
VALUES
150
100
$
NEW PRIVATE CONSTRUCTION
(NONFARM)
i I i i IiI 1 i I ii i I !l i l I
85
90
95
1875 80
LLLJ
1900
***
-pRR
EST
I I
IJJ l.m i I n j t I M n 1 H n I i n t I i 11 i 1 m Ii
05
10
15
20
25
30
35
40
45
50
46-742
i Trend for building permit values was calculated for 1875-1933, and for industrial production for 1899-1929. Building
permit values and new construction were deflated by use of cost indexes described in footnote 3 of text.
Sources of data: Industrial production, indexes of National Bureau of Economic Research for manufactures and minerals combined for 1899-1918, linked to industrial production series of Board of Governors of the Federal Reserve System
for subsequent years. For other series, see footnote 3 of text. Deviations from trends calculated by U. S. Department
of Commerce.
with the physical volume of all construction reaching its trough in 1920. Wartime restrictions may have helped determine the precise timing of the low
point, but on the basis of past experience
with the construction cycle a low point
was to be expected at about that time.
This trough in construction activity
came at a time when general business
activity was stimulated by war and its
after effects, so business moved oppositely from construction.
At the end of World War I, the demand for the products of construction
had again caught up with the available
stock of such products, so that thereafter
a construction boom gradually developed,
reaching a peak for new construction in
1926 and for all construction, including
maintenance, in 1927. Meanwhile, business went through a number of cycles,
with peaks in 1920, 1923, 1926 and 1929,
and troughs in 1921, 1924 and 1927.
These fluctuations of business activity
were reflected to varying degrees in the
minor movements of construction activity, but without noticeable effects on the
major movements of construction, i. e.,
the rise to a peak in 1926-1927 and downward thereafter. Throughout most of
the 1920's the buoyancy of construction
cooperated with other factors to keep
business at a generally prosperous level.
The great depression of the 1930's was
brought on by a combination of many
factors, only one of which was the decline of construction activity after 1927.
Nevertheless, the low level of construction during most of the 30's was one of
the chief obstacles to full recovery. It
was only at the very end of the decade
that construction attained anything like
a high level.
Trie evidence available indicates that
construction cycles preserve considerable continuity through even a great
war, though such a war may delay or
even split the peak of a construction
cycle. If a great war comes when construction is inactive, as during the Civil
War or World War I, construction, if
affected by wartime restrictions, will expand less than other business, thereby
leaving the low phase of the construction
cycle largely unaltered. After such a
war, any war-caused stimulation of construction, such as results from a higher
marriage rate or the needs of reconstruction, will merely accentuate the
subsequent active phase of the construe-
November 1946
SUKVEY OF CUREENT BUSINESS
Are there any lessons to be learned
from our economic experience during
and after the last war which may now
serve as a guide in formulating policy,
and in dictating action aimed at bringing about high and sustained levels of
construction activity? The problem is
primarily to ascertain whether there are
any factors in the current construction
outlook which may cause a sharp reaction from present levels, and secondarily
to note whether the boom and rapid collapse which followed World War I offer
any clues to the behavior of the construction market in the near term.
Though analysis of cycles indicates a
postwar construction boom, the size and
duration of such a boom cannot be deduced solely from cyclical analysis, particularly since the construction boom of
the 1940's appears to have been split by
the war into two parts: the earlier 19401942 phase, and the postwar phase. Exactly how much construction boom the
latter will include must be deduced from
a study of pertinent factors in the current situation, and whatever can be
learned from the situation following
World War I.
Chart 1 presents indexes of construction and of business activity in the
United States from 1875 to 1946.3 Chart
2 illustrates fluctuations in building activity and in the index of building costs
for two World War periods. The permits series for the World War I period
is seasonally adjusted and covers privately financed buildings such as office
buildings, lofts, warehouses, factories,
garages, hotels, apartments and dwellings, and represents the value of work
started each month. The panel for
World War II shows the fluctuations of
the dollar value of work put in place on
new private construction (Commerce
series excluding public utilities) monthly
from August 1939 to July 1946, as compared with the American Appraisal
Company cost index for the same period.
The salient points in the movement of
the building permits series after the
first World War may be summarized as
follows: (1) the volume of private building covered by permits got off to an excellent start in 1919; (2) activity in the
first quarter of 1920 indicated a record
year on the basis of normal seasonal factors; (3) that promise was not fulfilled,
and 1920 became a year marked by continuous slump with the low point reached
in December; (4) an unbroken rising
trend, which obliterated the usual seasonal pattern, prevailed all through 1921
and continued with only minor setbacks
through the peak years of the late
1920's.
A similar situation seems to be emerging in the post-World War II period.
Construction in the private commercial
and industrial categories and in the residential categories proceeded at a moderate rate in the beginning of 1945 and
drew little stimulus from the termination of hostilities with Germany in May
of that year. (See chart 3.)
Other construction, heavily weighted
by military projects, levelled off after
VE-day. After VJ-day, construction for
the military services began a precipitate
drop, but private construction of all
types continued to rise at an accelerated
pace. The effect on the year as a whole
was that the rather small volume of
$4.75 billion was completed, as compared with $4 billion in the previous year
of war-restricted construction.
The monthly rate of operations, which
had begun to speed up in the fall of 1945,
continued right on through June 1946
with hardly any slackening. Some
3
For 1875-1933, the building permit index
used was obtained from William H. Newman,
The Building Industry and Building Cycles
(1935), table IX, pp. 63-71. This index is
based on: Bradstreet's building permit
values, 120 identical cities for 1911-1933;
Babson's monthly values of building permits in 20 cities for 1903-1910; Ayre's permits in 50 cities for 1900-1902; and permit
data from 13 cities, for 1875-1900. The
building cost index of the American Appraisal Company (revised) was used for
1913-1933. For earlier years, use was made
of Newman's cost data based on arithmetic
averages of the American Appraisal Company's cost indexes for frame, brick, and
reinforced concrete buildings, for 1900-1913,
and of the frame and the brick building cost
indexes for 1875-1900. For 1933-1946, cost
and building value data of the Department
of Commerce are used. Due to the incompleteness of the major building cycle commencing in 1933, no normal trend for building was computed for 1933-1946 and a constant normal was assumed. The relatively
low level of the building index for these
years reflects in part the low level (at constant prices) of building in 1933-1946 as
compared to a normal determined by the
high average level of the 1918-1933 building
cycle, and in part results from the smaller
proportion of total new construction in the
private nonfarm building category, particularly during wartime or depression.
tion cycle without much affecting its
timing. If a great war comes at a time
when the active phase of the construction cycle would be expected, as during
World War II, most construction will
have to wait; but the prewar shortages
that had been about to generate a construction boom might carry over into
the postwar period, when they will be
reinforced by war-caused stimuli, so
that construction will tend to boom in
the immediate postwar period.
Two World War Cycles Compared
716961—46
2
9
straws in the wind, however, seemed to
indicate that a downturn might be imminent. Especially noteworthy were: a
diminution in the rate of increase in
value of construction put in place; a decline in number of new dwellings started
after a peak in May; the fact that the
time required to complete new structures
was lengthening, and had increased by at
least 50 percent for single dwelling units;
and increasing qomplaints that actual
costs of construction were well above
those reflected in official materials prices
or nominal wage rates.
Close examination of all factors is required to determine whether a turning
point has been reached.
Factors Influencing Construction
Before coming to any conclusions as to
the meaning of similarities in short
cycles of building construction it is necessary to examine some of the reasons
which have had more or less historical
or academic acceptance as causal elements in the patterns observed. This
is a prerequisite for an effort to determine on a logical basis whether the
parallelism indicated on the charts is
significant, and, too, may make some
contribution to the analysis of the present situation and its foreseeable consequences.
Population Movements
Population movement, an important
factor influencing construction, includes
not only changes due to natural increase
but to additions resulting from immigration, and migration within the borders of
the country. Increase in the number of
dwelling accommodations necessarily requires increases in the number of schools
and hospitals; community, business, and
recreational facilities; roads, highways
and public utility services. The influence of major movements in population
growth upon construction is unquestioned.
But the effects of population growth
in the short run must be carefully appraised if the conclusions are not to be
misleading. In a single area, population changes may not affect building
activity noticeably; on the other hand,
building activity may change while population growth is approximately level.
Some of the reasons for this are contained in the economic abilities of the
new population, availability of capital,
interboundary movements, vacancy
rates, general business conditions, legal
restrictions in the form of zoning or
housing laws, and the age and characteristics of both the existing buildings
and the existing population.
SURVEY OF CURRENT BUSINESS
10
In considering the growth of population or increases due to migration it is
important to note that the significant
feature is the net addition to population
in.a given area—and not the net addition to population for the country as a
whole. "An increase of population in
one locality does not offset a decrease
in population in another locality. Because of the immobility of buildings, a
migration of people within a nation or
from the farm to the city may call forth
new building activity in just the same
way that a net rise in total population
will. Therefore, in speaking of 'population growth' we mean the sum of all
increases in population, rather than a
net change in total population."4
For this reason, estimates of total need
for additional housing based on national
figures for the increased total population,
estimated number of marriages, undoubling and doubling of families, and number of vacancies are apt under favorable
conditions to understate the total demand. These data lead to afigurerepresenting needs considered relative to
net changes in the total population.
In spite of these deficiencies, the
analyst is not helpless in the absence of
data for many important local areas.
While it is true that a more precise estimate of need can be made from a summation of the increases in population
4
Cp. Newman, op. cit. p . 33.
in each community, this total may approximate the net figure under certain
sets of circumstances. However, the
sum of positive increases must necessarily be larger than a net figure and would
provide a more realistic estimate of total
need than a net difference between positive and negative changes in population
over the entire country.
It seems evident that accumulated demands resulting from migration, increases in population, and family formation are much greater in relation to total
population now than they were after the
last war.
The gross requirements for additional
housing by the end of 1947 are estimated
by the National Housing Agency at about
4.5 million units. Against this requirement, approximately 1.4 million existing
units will become available due to normal turnover and vacancies occurring as
the result of dissolution of families
through death or divorce. Thus the net
need of 3.1 million dwelling units will
not be completely satisfied by the Veterans' Emergency Housing Program, the
goal of which is to make a total of 2.7
million temporary and permanent units
available by the end of 1947.
A measure of the stress imposed on
family living by the current shortage is
provided by a recent government survey.
Although, as of June 1946, almost threefourths of the married veterans had
separate dwellings, the remaining 1,500,-
November 1946
000 were living with other families or in
trailers or rented rooms.
Construction Costs
Considerable weight is usually assigned
to the hypothesis that building costs are
the controlling factor in construction
activity. The rigidity of building materials prices and cost of services come
under the most intensive scrutiny in any
surveys to forecast demand for the products of building. An examination of the
data during short cycles indicates that
building costs rise as building activity
increases, and fall off very slowly or even
advance slightly when building activity
slackens.
The association of rising costs with
falling building activity has been generally analyzed as a contributing reason
for choking off a boom, or contributing
to an unsound price structure which may
result in deferred collapse of the realestate market. These considerations are
important, but they do not mean that
rising costs necessarily choke off buiding
volume. During most of the upward
phase of a short cycle, volume and costs
rise simultaneously. The subsequent decline in volume, perhaps accompanied by
a further rise in costs, may or may not
be due to the influence of costs alone.
The association between these two factors has no implications for a causal relationship between the two; indeed, the
assignment of a causal relationship is as
Chart 2.—Private Construction Activity and Construction Costs in Two War and Postwar Periods
INDEX, 1920-30 »IOO
200
INDEX, 1920-30 = 100
MILLIONS OF DOLLARS
INDEX, 1920-30 = 100
200
200 800
WORLD WAR I
WORLD WAR H
150 600
150
100 400
50
200
PRIVATE CONSTRUCTION '&
(LEFT SCALE)
nl
1915
1916
1917
1918
1919
1920
1921
1922
1923
1939
I I
1940
I,,
1942
1943
1945
1946
1 Basic data for World War I period are the unrevised series and for World War II are revised series; revisions of annual data are available from 1913 and of monthly data from
January 1939.
2 Data are 3-month moving averages, adjusted for seasonal variation.
s Represents new private residential and nonresidential construction, excluding public utilities.
Sources of data: Construction costs, American Appraisal Company, recomputed to a 1920-30 base by U. S. Department of Commerce; building permit values (120 cities) Dun
dstreet, Inc.; private construction, joint estimates of U. S. Departments of Commerce and Labor.
Bradstr<
November 1946
difficult here as in any other branch of
economic behavior.
It is clear, of course, that under some
circumstances an increase in costs is itself responsible for a downturn in building activity. Such a chain of causation
is perhaps particularly likely to operate
if the increase in building costs is seriously out of line with increases in income. Costs, however, are not necessarily a continous dominant factor in
the construction market, and many of
the rises and declines in construction
volume are brought about by the operation of other forces.
It is perfectly understandable that the
introduction of these other factors could
offset the effect of rising prices and permit a building boom to progress despite
increasing costs. One writer on this
subject5 concludes that if "[certain]
comparisons between building costs and
minor building cycles suggest any cause
and effect relationship, it would be that
fluctuations in building activity give rise
to fluctuations in building costs, rather
than vice versa."
The record of building costs is of particular interest during the first World
War period. In 1915 and 1916 small increases in building volume initiated were
registered, but these increases were coincident with increases in building costs.
In 1917 and 1918, building activity
dropped off, due principally to war restrictions. Building costs, however, continued to rise steadily during 1917 and
1918. A likely explanation is that wage
rates were high and the war-engendered
building activity was extremely profitable. There existed the peculiar situation of a sharp rise in costs (the index
rising from 140 to 180) while building
activity slackened off and fell to one of
the lowest points recorded in that
period.
Following the armistice in November
1918, building activity initiated—as
measured by building permits—began to
boom. The value of permits issued increased without any let-up until June
1919). This increase was not visibly
hampered by the steady increase in
building costs which continued at the
same rate which had characterized it
since the middle of 1917. After June
1919, issuance of building permits
dropped off and the boom collapsed,
reaching its low point in December 1920.
Simultaneously with the beginning of
the collapse in building construction,
costs began to rise at a steeper rate than
they had in the previous three years,
reaching the high point in June of 1920
while building activity was still tumbling.
From that point until mid-1922 building
costs declined again, but the low point
Newman,
op. cit., p. 23.
E
SURVEY OF CURRENT BUSINESS
Chart 3.—New Construction
Activity
MILLIONS OF DOLLARS
1,200!
TOTAL*
Sources of data: Joint estimates of U. S. Departments
of Commerce and Labor.
was practically the same as the point of
departure for the original post-war
building boom which began early in 1919.
Such behavior of costs, in rising sharply
after the number of permits issued had
begun to drop, perhaps is explained by
the fact that the volume of construction
in progress but not completed created
sufficient pressure of demand to force
prices higher. Although the longerrange outlook indicated by new permits
granted was such as to foreshadow a decline in demand and hence weakening of
prices, the short run effect was quite the
opposite.
Many students of construction trends
have concluded that the rise in building
costs brought about the decline in building activity, and that the recovery of
building in 1921 and 1922 occurred because building costs declined sufficiently
to make it profitable once more to undertake new construction. Some of the more
astute observers have hedged with the
qualification that the decline was sufficient to permit a rise in building activity
to get under way, but that it did not go
far enough to permit the boom to be
built on a sound basis. In other words,
the building boom was founded on an unsound cost basis and the high prices
11
which were paid were responsible for the
ultimate collapse of building activity several years before general business conditions turned down.
The explanation offered above implies
that there is a disparity between the
movements of building costs (and building materials prices as an element of
those costs) and other prices—that
building materials prices rise so much
more rapidly than general prices that
their real cost becomes prohibitive.
Thus, when prices of building materials
are out of line with general prices, rents,
and national income—and the exchange
value of building materials is high relative to general commodity prices—building activity must decline until building
costs are more nearly in balance with
other prices and economic indexes. But
if the state of balance is misjudged and
building activity proceeds prematurely,
the groundwork is laid for a serious collapse.
It is not necessary to reject these explanations in order to conclude that they
are insufficient as a basis for determining
at what point building activity will relapse. The importance of other factors
in the situation is so great that for a
considerable period their weight may
overbalance the effect of high relative
prices and costs of building. Without
denying the possible bearish influence of
price factors in the present situation,
there are counter-tendencies in the
1946-47 construction outlook for example, which may bring about a high level
of sustained construction activity.
The association between rising building costs and building activity that was
noted after the first World War made its
appearance again in the comparable period following the second World War.
The years 1939, 1940 and 1941 were good
building years, with each year's total of
building activity successively higher.
During this period the index of building
costs rose steadily if slowly from 200 in
mid-1939 to 225 at the end of 1941.
Private building activity declined in 1942,
but this decline was more than offset by
a tremendous volume of war-inspired
public construction—so that 1942 was
the biggest year in the recent history of
construction. The same causes which
were responsible for the rise in building
costs in the previous war were effective
during this period, and high wages,
coupled with large demands, made a
high cost level almost inevitable.
In 1943 and 1944 new construction activity was restricted by government order to essential projects; total volume
was $7.9 billion in 1943 and $4.2 billion
in 1944. Despite the low level of construction and the fact that price controls
on building materials were effective dur-
12
ing most of this period, costs of construction continued to rise and stood at
265 at the end of 1944, as compared with
240 at the peak of building activity in
1942.
Relaxation of controls on building in
1945 occurred in two stages. Industrial
construction was encouraged after the
cessation of hostilities with Germany
and all types of construction were encouraged after VJ-day. Controls on
construction were completely removed
with the revocation of Limitation Order
L-41 in October 1945. Private builders
reacted very strongly to the opportunities in building and started off a boom
which resembles closely the pattern of
1919.
Although price controls continued in
effect during this period, increases in
wage rates and official price increases
granted by OPA were sufficient to accelerate the rate of increase in the cost
of building construction which had prevailed for almost four years.
The increases in costs shown by the
index do not measure all the increase in
cost which occurred. On the materials
side, the difficulty of policing lumber
prices and minor illegalities in the case
of half a dozen other important construction materials raised actual market prices considerably above official
prices. On the labor side, increases in
wage rates were magnified by occasional
side payments. Total costs of labor were
increased by an inability to proceed efficiently on the job due to delays in delivery of materials, lower productivity,
and inability to obtain craftsmen at the
particular time required by the progress
of the job.
Despite these cost increases, building
activity has attained a tremendous rate.
The fact that increasing building activity was again in this instance associated
with sharp price increases would seem to
temper the theory that rising prices
impede the inauguration of a building
boom. The coincidence of high prices
and rising construction volume is evidence, too, of the importance of psychological factors in business economics.
Entrepreneurs, and speculators particularly, are not deterred by the level of
costs they must meet to engage in business. Their motivation lies in the fact
that costs can be met and covered by a
profit if their ventures are successful.
The expectation of profit in a given deal
or series of deals is the lure that permits
high and increasing prices to be paid.
The study of changes in building activity
seems to exemplify the thesis that business advances by expectation of gain and
that high prices alone do not discourage
builders.
SURVEY OF CURRENT BUSINESS
Rent Levels and New Construction
It is sometimes maintained that restrictions on the amounts which may be
charged in rentals have a depressing
effect on the market and thereby tend to
retard construction of new multi-family
facilities. The matter of determining
the magnitude of a rental increase which
is necessary to compensate for total
increases in building costs for various
types of structures is a subject worthy of
close study. However, the assumption
that pressure on rents was a contributing factor to the slackening in residential building which occurred in 1919 does
not seem to conform to the facts. During World War I there were restrictions
on rentals that had but slight legal support. Consequently it is not surprising
that the available indexes of rentals for
that period show that rents began to rise
in 1917 and continued through the
middle of 1919.
The assumption that rental rates were
a depressing factor at least partly responsible for the slump in building in
1919-20 is contradicted by the fact that
the decline in construction in mid-1919
coincided with a stepped-up rate of increase in rentals. By 1921, which was
the year of recovery for residential
building, residential rents had become
fairly stabilized and their increase from
that year until 1926 was rather minor.
Despite the tapering off in rental indexes, residential construction continued
its upv/ard pace and reached its peak in
1925. The 849,000 dwelling units built
in 1926 still constituted a high total
when compared with the level of building in the period 1917 through 1921.
The apparent lack of relevance of
changes in rent indexes as an explanation for changes in residential volume
might perhaps be countered with the
claim that the decline in building which
occurred in 1920 was associated with circumstances in which rent levels obtainable were not sufficient to support the
projected number of rental units, and
that building of these units consequently
dropped off. In terms of this reasoning,
the higher rent level which prevailed in
1922 and following years—although only
very slightly higher than the previously
existing ones—provided enough financial
incentive to make building of additional
residential units attractive. That this
explanation does not cover the data from
1917 to 1920 detracts somewhat from its
usefulness. Perhaps the most satisfactory conclusion to be reached is that rent
returns considered as a single element
do not explain the upward and downward movements of residential building
and must be considered in conjunction
with other factors.
November 1946
Thus, the factors which we have already examined and which receive general recognition ias being among the
most important in influencing the volume of construction seem to have provided no conclusive direction to an understanding of the building situation
which concerns us at the present time.
The contention which has been advanced by many analysts that rising
building costs are responsible for stifling building activity seems particularly
inadequate in the face of the data which
have been presented for the two World
War periods, from which it seems fairly
plain that rising costs by themselves
have little effect on the inauguration of
a period of great building activity.
Inadequacies of Relevant Data
At least a partial explanation for the
failure of the elements considered in
this analysis to provide a clear cut basis
for forecasting the future can be offered.
The basic difficulty appears to be that
the data available are almost all averages or net figures which purport to represent activity for the country as a
whole. These measures have been
adopted and are used because they have
the merit of condensing a wealth of data
into a few series of figures which can
be easily handled. But the merits of
convenient series also contain serious
drawbacks to their usefulness, because
they frequently obscure the interaction
of significant factors and tend to hide
rather than to reveal underlying causes
which are the objective of research.
We have made the point above that
an increase in population is one of the
factors for which a national figure has
little meaning. The factor in which we
have an interest is the net addition to
population at any given locality. The
measure of need for new dwelling units
based on increase in population in the
nation as a whole would be the sum of
all net additions in various localities. A
similar point can be made for the study
of vacancies. It does not matter if the
net vacancy rate of the United States
is 2 percent or 4 percent or 6 percent.
The data required are vacancy rates for
given localities which can be associated
with the population increases and with
other important factors such as incomes,
savings, rent levels, general business activity, age distribution of the population,
and characteristics of housing for the
specified areas.
In like manner, the effect of differences in savings and income on the total
effective demand for housing may be
considerable in communities which
otherwise have superficially similar
prospects for construction activity.
Other factors, including some whose in-
November 1946
fluence may not have been apparent to
us, succeed in differentiating various
local markets for building. Close study
for one area might give us a sound basis
for forecasting progress of construction
over a fairly short period. However, an
attempt to study these factors on the
basis of the averages or net figures available for the nation as a whole does not
seem to offer as good prospects for forecasting. Difficult as the undertaking
would be, it seems that a first rate forecasting job can be done better on the
basis of adding together the findings for
individual communities than by attempting to analyze the national situation on the basis of a half dozen convenient indexes of economic progress.
Prospects for Construction
Although it can be shown that general price increases do not retard the
beginning of a construction boom, it is
evident that price increases may affect
the progress of the boom. The difficulty
of assuming an association between high
costs and the cessation of a construction
boom on a national basis may perhaps
be resolved by consideration of what
might happen in individual cases and for
particular localities. It is perhaps also
possible to ascertain how much of a difference is necessary to stifle an upward
movement in construction after it is
under way. This consideration should
include the case of private individuals
building residential units, as well as
commercial and industrial structures and
publicly financed construction.
Home Sales Market
Treating private individuals first, it
is estimated that more than two-fifths
of American families receive incomes
of less than $50 per week and are not
candidates, generally speaking, for
houses whose carrying and maintenance
charges amount to $50 per month or
more. By common agreement, the latter means a house which sells for $6,000
including the lot. Such individuals are
now being asked to extend themselves
and to buy houses at prices averaging
more than $8,000. The rush to buy these
houses seems to indicate that there are
enough people with incomes sufficient to
afford them, or that people who cannot
afford them are brushing aside the implications of the burden of the long-term
obligations they are assuming, because
of the desperate housing plight in which
they find themselves now.
The effect of over 100 OPA increases
for building materials in April, May,
and June 1946, unofficial price rises in
the period of decontrol between July 1st
and July 27th, and the inability of the
SURVEY OF CURRENT BUSINESS
OPA to resist most of the price increases
demanded, has been further large increases in the prices of building materials. These increases may merely produce a level of prices no higher than the
unofficial quotations which have prevailed for several important materials
for more than 6 months.
These price increases will, to some extent, stabilize contractors' costs, and it
may be that contractors who have previously been afraid to make commitments
to build houses will now undertake to do
so. The prevailing high costs—with an
upward trend indicated—have a slight
advantage over the previous cost situation in that they are relatively stable
costs. If these conditions stimulate
builders sufficiently to produce an increase in the supply of houses, it is, of
course, an encouraging development, but
it can be fairly well assumed that individuals who can afford a $6,000 house
and who might extend themselves to
buy an $8,000 house will simply depart
from the house purchase market when
the price goes up to the neighborhood of
$10,000.
The controls imposed by the Veterans'
Emergency Housing Program set a ceiling of $10,000 for single family homes
which may be built while the program is
in effect. Because of high prices and
costs, homes selling for $10,000 contain
the amenities and equipment associated
with $5,0G0-$7,000 price tags in the prewar period. There is a substantial market for houses embodying more facilities
and more elaborate construction than
those which can be built while controls
are in effect.
Since this demand must of necessity
remain unsatisfied, some observers conclude that there is thus created a backlog of demand for high-priced construction which will help to support building
activity when demand for utility units at
low prices tapers off. This is true to a
certain extent but its importance can
easily be exaggerated. Some support will
come from those whose incomes, savings,
and standard of living warrant the construction or purchase of truly highpriced, high-quality homes. This may be
termed the bona fide demand, and, calculated on prewar statistics adjusted for
wartime changes, it produces only a very
small number of potential purchasers,
who may be considered the cream of the
market.
Another segment of the demand for
higher-priced homes is less substantial
and is supported chiefly by the inflated
price levels prevailing for residential
property. In this category we have
home owners who are candidates for
high-priced houses by virtue of the fact
that they have homes which they can
13
sell. An individual who bought a $10,000
home in 1939 may receive as much as
$16,000-$18,000 if he sells now. Therefore, such a person is likely to be in the
market for a $16,00Q-$20,000 house. Obviously, the contribution to support of
the higher-priced market made by such
individuals is not very firm and depends
upon the continuance of present high
prices for real property.
Despite the importance of demand for
high-priced dwellings in setting styles
and creating the market for new materials, equipment, and improvements to
be incorporated into new homes, the volume of home buying by the upper-bracket
groups is not large and cannot for long
sustain the house-building market. With
high prices forcing low- and middle-income demand out of the house-purchase
market, the demand for housing accommodations must inevitably express itself
as demand for rental units.
Residential Rental Market
In general, rents demanded for new
multi-family units are rather high, reflecting, in part, expensive building practices under present conditions. However, high rental rates are not now strong
deterrents to prospective tenants, and
they offer better than average returns to
building operators.
The outlook for the building of apartments and apartment units is good because of high demand. Even at very
high rentals, new dwellings for rent present a distinct contribution to the relief
of existing shortages. The main reason
for this is that individuals who undertake contracts to pay rents which they
cannot afford are not undertaking longterm legal contracts and jeopardize no
equity. It is quite possible to pay two
or three times as much as one can afford
for a period of two or three years if one
has a backlog of savings. Such a condition prevails for a great many individuals and family units. In the long
run, such a deal would probably prove
better than undertaking now to buy a
house which is overpriced and possibly
jerry-built.
Favorable opportunities for landlords
are also present in the current situation. Recognition of the fact that present and anticipated costs are not out of
line for large builders is evidenced by the
emergence of several life insurance companies as builders in New York City,
Boston, and one or two other communities. Efficient management, large scale
purchasing and bargaining power—both
with material suppliers and with labor
unions—give them an advantage in holding the costs of their completed structures to a minimum in the present mar-
SURVEY OF CUEEENT BUSINESS
14
ket. Of course, it is possible that the
returns which tempt life insurance companies to embark on long-term investments would not attract individuals or
groups with smaller capital resources.
Nonresidential and Public Building
The situation in commercial and industrial building is even better than the
outlook for residential building. These
types of construction can earn a much
larger return for their owners or operators. The cushion of savings acquired by
business concerns is very large, and the
ability to write off losses under generous
tax laws lessens the risks for those ordering the construction of commercial and
industrial buildings. High prices affect
this class of builders far less than they
do residential builders.
Publicly financed building is unlikely
to play an important part until the demand for private structures has been
satisfied. The volume of public construction will be confined largely to the provision of streets, public utility services,
and a few long-delayed development
projects and public improvements such
as bridges, tunnels, and other measures
necessary to save some growing cities
from self-strangulation. Perhaps the
one exception to the control of public
building is the construction which is proceeding for the Army and Navy. However, the military services have agreed
to limit their construction in order to
permit scarce materials to be channelled
to private residential and to private and
public hospital buildings.
The Current Outlook
Prospects for construction, including
housing, appear very good for the period
immediately ahead. Beyond this short
The Business Situation
(Continued from p. 6)
Thus, while the ratio of capital secured
through new issues has been increasing,
this has not been the major source of
the funds used for plant expansion. The
corporations came out of the war with
substantial liquid reserves, and current
depreciation charges plus retained earnings have provided a large volume of
funds for expansion purposes. To some
extent, also, bank loans may have provided funds for plant and equipment expenditures.
Profits Rising
Corporate profits in the aggregate
have been rising since the low point of
November 1946
period—perhaps the next two years—
many of the elements of demand will
continue to work powerfully toward a
long-sustained high level of construction
activity, but this longer period is outside the scope of the present discussion.
The underlying strength of the construction situation depends upon the
enormous size of the demand for housing
and other products of construction.
While it is recognized that latent factors exist—particularly the possibility of
further sharp increases in construction
costs and the possibility of a fairly general recession in business activity, originating in other segments of the economy—which might work against continuance of high levels of activity in construction, it is not believed that if those
forces developed they would be powerful
enough to affect seriously the strong demand for new buildings and other construction products.
Construction costs, though greatly increased since the last prewar year, do
not appear to be sufficiently high to bring
about, of themselves, a construction decline. There is some evidence, however,
in the recent decrease in the volume of
real-estate transfers, in the recent apparent tendency towards stability in
prices of residential property, and in the
increasing discussion of deferment of industrial and commercial construction,
that further large price increases might
lead to at least a temporary decrease in
demand at the new, higher prices. Such
a decline would probably be particularly
noticeable in residential construction.
However, if the building of dwelling accommodations should falter as a result
of sharp price increases, the slack might
very well be made up—at least in 1947—
by private commercial and industrial
building.
A major factor to be considered in
assessing the short term situation is the
effect of a general business recession or
depression occurring within the next
several years. The accumulated demand for housing and the low level of
residential building during the war years
imply that the demand for more dwellings will be substantial even during a
short recession. The effect of a recession, in fact, might be to bring about a
cost structure which would provide housing at lower than prevailing prices.
The effect of a recession upon private
commercial and industrial construction
would probably be more pronounced than
upon residential construction, because
there would be a strong tendency to
postpone construction to take advantage
of prospective lower prices, and because
more of the edge would be taken off the
demand.
Support for a high level of construction
would be provided by public construction. Backlogs of demand have been
built up during the war years in public
construction as well as in private, and
an increasing volume of this demand
could be unleashed—though with some
lag.
It has been assumed in the above remarks that a near-term recession would
be neither sufficiently severe nor sufficiently long-lasting to have an extended
depressing effect on employment and
incomes. More consideration would
have to be given to the effects which
might flow from a long-continued major
depression. However, the very strength
of the underlying construction situation
appears to be one of the strongest possible guarantees against a major depression of this nature in the period immediately ahead.
the reconversion period in the first
quarter of 1946. Second quarter profits
were larger than in the first quarter,
and the company returns so far issued
covering the third quarter reflect a
further rise, as well as considerable lessening of the disparity of performance between the so-called reconversion industries and the others. The former group
is not yet reporting profits relatively as
high as the others, but the difference in
comparative performance is not so striking as in the first quarter. The railroads,
which experienced a deficit in the January-June period, did better in the third
quarter.
Profits before taxes are less than during the war, but with the reduction in
the effective tax rate profits after taxes
are currently above the war levels. They
are likewise considerably above any prewar totals, though in relation to the volume of corporate sales, profits so far this
year did not reach prewar ratios for years
of high business volume.
The difficulties in the new capital market can hardly tee ascribed to either the
lack of investment funds available or to
the current level of profits. What appears clear is that—just as in the stock
market where a shift occurred in buyers'
expectations—doubt arose as to the
prices at which new securities were being
offered.
Savings Reduced, But High
While available data do not indicate
that the demands for additional capital
SUEVEY OF CUEKENT BUSINESS
November 1946
in the new issue market are outpacing
the supply of available funds, it is nonetheless a fact that, compared with a year
ago, the supply of investment funds
available from current savings of individuals has been reduced.
The large rise in consumer expenditures immediately following the end of
the war occurred during a period when
the disposable income of individuals (income received less taxes paid) underwent a decline. While this income subsequently rose from the reconversion low,
it was not until mid-1946 that disposable
income moved above the war peak. This
sharp rise in the ratio of spending to income has meant that by the past quarter
the net savings of individuals were reduced to only about half as much as they
were in early 1945.
While the current $20 billion annual
rate of savings is still large on the basis
of prewar totals, the amount is much
less than it was at the end of the war.
Nevertheless, the liquid funds of individuals rose to an all-time high by the
end of the third quarter of this year.
Furthermore, the reduction in current
savings does not mean that the funds
available for investment out of current
incomes have necessarily been reduced
in proportion to the decline in total savings since the reduction in savings would
15
not be expected to be uniform by income
groups. The flow of dividends, an important source of incomes available for
investment, has increased about 10 percent so far this year over a year ago.
Under prevailing economic conditions
which have been reviewed in the preceding section, it is not surprising that
a more cautious attitude is appearing
with regard to the value of new security
offerings. Prices of these securities over
the longer run will be determined by the
trend of basic interest rates, and by the
earning power of securities over a period
when a more usual demand-supply position than exists at the moment has been
restored.
New or Revised Series
Estimated Number of New Dwelling Units in Nonfarm Areas: Revised Series for Page S-5 *
Year and
month
Total
nonfarm
Urban
January
Febru-
March
27,022
18,916
34,862
24,891
15,981
11,018
997
3,966
2,935
20,974
14,329
1,352
5,293
3,917
Total
Monthly
average
48, 533
31,126
43, 563, 602,600
28,852 396,612
50,217
33,051
31,082 33,159- 23,471
25,481 26,171 18,490
2,091
2,219 1,449
3,510 4,769 3,532
7,399 9,942 7,651
21,651 333,166
15,791 262,021
1,219 19,966
4,641 51,179
7,203 63,446
27,764
21,835
1,664
4,265
5,287
46, 651 32,777 715, 200
27,868 19,338 439,582
59,600
36,632
SepAugust tember
October
NoDevember cember
57,393
36, 631
56,483
36,918
57, 762
38, 481
65,960
43,099
33, 237 27,694
26,809 23,102
1,770 1,513
4,658 3,079
4,704 2,167
31,580
25, 774
1,841
3,965
5,051
31,630
26,283
1,912
3,435
5,288
43,765 60,172 75,159
28,094 36,171 48,045
70, 690 77, 203
43,885 47,994
74, 610
45,025
69,750 67,046 56,179
41,622 40,389 33,646
21,795 31,838 38,316
16,480 24, 760 30,828
1,518 2,257 2,334
5,154
3,797 4,821
6,299 4,333 9,729
39,405 37,302 40,474 34,029
30,967 30, 549 31,887 29,356
2,061
2,388 2,211
1,977
6,050 4,542 6,526 2,696
4,480 10,692 4,551
7,593
30,801 29,709 24,337
26,011 24, 727 17,910
2,218 2,000 1,298
2,572 2,982 5,129
9,588 3,937 3,531
369,465
295,024
22, 752
51,689
70,117
30, 789
24,585
1,896
4,307
5,843
52,700 59,700
31,970 33,336
60,600
26,091
46,300
21,998
26, 700 27,500
16,636 16,975
40, 400 32, 200 30,400 34,300 496,600
22,479 22,431 14,954 16,345
41,383
23,403
16,956 21,599 28,988 25,422
13,866 15,679 23,045 17,765
1,464
1,964 2,804
1,163
1,927 4,456 3,979 4,853
4,596 14,472 2,982 7,914
12,381
10,065
889
1,427
13,728
11,344
8,387
1,056
1,901
10,636
12,838 13,397
9,248 10,087
1,139
793
2,451
2,517
3,798 3,578
13,312 11,518
9,854 8,876
1,105 1,121
2,353 1,521
9,167 10,913
Total nonfarm
45,000 40,100 33,000 26, 700
Urban, total
._. 21,010 22,578 17,994 16,779
P r i v a t e l y fi5,870 6,115 9,299 9,868
nanced, total.
1-family
3,567 4,676 6,600 6,543
1,369
2-family
1,066
898
588
Multifamily
1,633 1,956
1,405
851
Publicly financed. 15,140 16,463 8,695 6,911
33,600
20,682
21,800
14,132
24,200 27,600 24,300
14,798 17,430 14,016
12,346
8,326
1,646
2,374
8,336
11,422
7,440
1,686
2,296
2,710
11,086
7,497
1,408
2,181
3,712
14,300
9,586
16,500
10,923
17,500 14,500
11, 558 9,830
8,528
6,359
1,003
1,166
1,058
9,743
6,981
956
1,806
1,180
Item
May
June
July
46,762 56, 551
31,572 38,324
57,737
37,941
49,972
29,861
28,513 34,194
21,882 26,891
1,568 2,035
5,063 5,268
3,059 4,130
41,198
27,505
24,361
17,035
1,321
6,005
3,144
April
1940
1910
1911
1912
1913
1914
1915
475,000
480,000
490,000
455,000
445,000
475,000
191619171918191919201921..
480,000
230,000
120,000
330,000
247,000
449,000
196,000
359,000
1922..
19231924..
192519261927-
716,000
871,000
893, 000
937,000
849,000
810,000
574,000
698,000
716,000
752,000
681,000
643,000
19281929..
19301931..
1932..
1933-
753,000
509,000
330,000
254,000
134,000
93,000
594,000
400,000
236,000
174,000
64,000
45,000
19341935..
193619371938-
126,000
221,000
319,000
336,000
406,000
49,000
117,000
211,000
218,000
262,000
1939
January
February
March
April
May
June
July.
August
September...
October
November...
December. _.
515,000
32,300
30, 700
42,900
42, 900
53,300
45,900
44, 200
51, 200
42,400
42,900
45,100
41, 200
359,000
23,230
21,648
30,143
28,605
38, 202
31, 788
29,835
35,495
28, 244
Monthly avg-
42,900
29,900
Total nonfarm
Urban, total
P r i v a t e l y financed, total1-family
2-family...
Multifamily.....
Publicly financed.
1941
Total nonfarm
Urban, total
P r i v a t e l y financed, total. .
1-family
2-family
Multifamily
Publicly financed.
17,098
14, 514
1,169
1,415
2,240
1942
Total nonfarm
Urban, total
P r i v a t e l y financed, total..
1-family
2-family
Multifamily
Publicly financed.
34,500 51,300
21, 552 36,071
9,144
6,554
1,165
1,425
5,810
7,993 184,892
5,482 138,908
1,084 15, 747
1,427 30,237
8,352 95,946
15,408
11,576
1,312
2,520
7,996
28,100
16,724
26,100
19,100
19,500 350,000
14,007 209,250
29,167
17,438
13,088
7,251
1,934
3,903
4,342
10, 906 11,840
6,685 7,018
1,535
1,802
2,686 3,020
3,110 4,884
9,412
7,015
1,309
1,088
8,462 119,714
6,132 78,750
993 16, 234
1,337 24,730
5,545 89,536
9,976
6,563
1,353
2,061
7,461
12,800
8,768
11,300
7,758
11,100
7,469
11,600
8,460
10,800 169,300
8,022 114,799
14,108
9,567
7,273
5,443
655
1,175
1,495
6,228
4,948
575
705
1,530
6,884
5,288
735
861
585
6,362
4,880
612
870
1943
32, 294
30,828
1944
Total nonfarm
Urban, total
P r i v a t e l y financed, total,
1-family
2-family..
Multifamily
Publicly financed
17,300
11,016
8,222
6,257
977
988
2,794
13,500 18,100
9,050 12,359
7,860
6,161
409
1,290
1,190
9,020
6,922
1,165
935
3,339
9,973
7,554
1,393
1,026
1,585
8,114
6,537
860
717
1,716
4,966
3,950
568
448
3,056
93,173
71, 278
9,908
11,987
21,626
7,764
5,940
826
999
1,802
i Compiled by the U. S. Departmeiti of Labor, Bureau of Labor Statistics, except estimates for 1920-29 which are from the National Bureau of Economic Research. The estimates
are based on building permits issued for privately financed dwelling units and notifications of contract awards supplied by the awarding agencies for publicly financed units. Normally they are considered to represent the estimated number of new family dwelling units upon which construction work was started. In recent months critical shortages of building
materials and limiting orders have caused considerable delays in the start of construction or, in some cases, abandonment of the work. The data since the beginning of 1945 should,
therefore, be considered as number of new dwelling units for which permits were issued or contracts awarded. Family units gained by alterations and conversions, trailer units, and
dormitory accommodations are not included. The urban estimates beginning 1930 cover urban areas as defined in the 1940 census, including all incorporated places with a 1940 population of 2,500 or more plus a small number of unincorporated civil divisions classified as urban by special rule; earlier urban data include places of this size as defined in the 1930
census. The total for all nonfarm areas includes the data for urban areas and estimates of all other new family dwelling units, except those on farms, which are not shown separately.
The basic data on building permits for 1920 and earlier years included only the larger cities; the coverage has been steadily expanded and reports now include over 2,400 cities,
accounting for 85-90 percent of the total urban population, and 1,000 rural incorporated places; since 1939 a small number of counties have reported building permits for unincorporated
areas. Supplemental data were made available for January 1940 to August 1942 by the Defense Housing Agency and the Works Progress Administration.
The classification of urban units by type of dwelling shown in the Survey prior to the May 1946 issue includes both privately financed and publicly financed construction. The
latter has not been reported by type of dwelling since April 1943 but has been predominantly 1-family since that time and was included in the 1-family classification as shown in the
monthly Survey through the April 1946 issue. Since the middle of 1942 most of the public housing has been temporary.
SURVEY OF CURRENT BUSINESS
16
November 1946
Indexes of Retail Prices of Foods in Large Cities: New Series for Page S—4 l
[1935-39 = 100]
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940 1941
1942
1943 I 1944 I 1945
Month
ALL FOODS, COMBINED INDEX
January
February
March
April
May
June
July
August
September
October
November
December
-
Monthly average
122. 4
123.7
127.2
125. 4
126. 6
126.8
127.3
126. 0
120.5
121. 5
121.
121.2
123.1
124.4
125.3J
125.9
127.7|
131.9
136.8
136. 7
134. 4
136. 8
142. 6
140. 6
141.1
139. 2
138.1
141.6
140.3
137. 8
133.8
132.0
134.5
135.9
137.4
136. 8
134.7
132.0
130.1
130.3
133.9
137.5
130.7
129.0
131.0
133.0
132.7
132.5
89. 4
92. 0
92. 3
91. 5
92.4
93.0
93. 3
94. 2
97. 8
96. 2
95. 4
94 0
123.9! 122.8! 132.9! 137.4
84.1
98. 4
100. 4
99. 7
101. 9
101. 3
100. 5
99. 4
99. 4
100. 5
100. 0
101. 3
102. 1
101. 5
100.1
98. 5
98. 4
98.1
101. 7
102 6
104 0
104 8
103 0
101 9
101 6
133.0
133.6
137.4
140.6
143.0
141.9
139.0
137.2
137.4
138.2
137.3
137.1
103. 1
103. 6
105. 0
105.1
106 1
106 0
106 3
106 9
107 9
106 5
104 1
102.7
93 7 100. 4 101 3 105.3
136.1
134.5
134.1
134.6
135.5
135.7
137.4
137.7
137.0
136.4!
136.5
137.4
137.3
136. 5
135.9
136.6
138.8
141.1
141.7
140. £
139.4
139.3
140.1
141.4
96.6 105.5 123.9 138.0 136.1 139.1
CEREALS AND BAKING PRODUCTS
January
February
March
April
May
June
July
August
September
October
November
December
102.7
101.4
100.6
100.3
99.7
99.4
99.6
100.6
101.1
101.1
100.8
100.8
101.4
100. 9
101.8
102.8
104.2
104.7
104.9
104.7
104.2
103.8
103.2
102.9
102.5
102.4
102.1
1018
101.4
101.0
100.5
100.0
97.3
96.4
96.0
95.7
!
95.3
94.81
94.6!
94. 31
94.1
94.1
94.0
93.4
94.5
94.9
95.0
95.1
97.0
97.8
97.9
98.4
98.4
97.7
97.4
96.8
96.2
94.8
94.7
94.8
Monthly average
100.7 103.3
99.8
L5
96.8
94.9
95.0
95. II
95. 21
95.4|
95.9|
96.21
99.0
100.9
102.2
102.2
102.5
103.2
104.3
104.81
105.1
105. 2
105.1
105.1
105.3
105.4
105.7
105. 7
105.8
105.9
106.5
107.0
107.5
107.6
107.5
107.8
108.1
108.2
108.3
108.3
108.4
108.7
108.7
108.7
108.9
109 0
109.1
109.1
109.1
109.1
109.1
109.1
109.2
108.5
108.1
108.0
108.0
108.1
108.4
108.6
108.5
108.6
108.6
108.6
108.6
107.6 108.4 109.0
97.9 105.1 107.
DAIRY PRODUCTS
January
February
March
April
May
June
July
August
September October
November
December
133. 51
130.9
130.4
129.7
124. 4
122. 5|
122.7!
125. 7
130 3
132. 2
134 7
135. 6
Monthly averag
129. 4 124.1 128.2 127.4 130.7 131.4 131.0
134. 7i
132.5J
129.81
122.0
118.8
119.4
120.2
120. 0
121. 9
121.2
122.8
125.8
125. 7!
124.8!
128. '
126.5!
124.9|
124. 5
125.3
127.8
130.0
133.2
133.
132.9
129.6
129.0
127.
124.9
124.1
123. 9
124.1
125.0
126.7
128.6
130.7
134.1
132.41
132.8
132. 8!
132.01
127. 5|
126. 3|
126. 4
126.6
130.1
132.5
133. 2
135.4
133.9
132. 0
131.6
128.8!
128.31
1Of7 r J
127.6
128.9
130. 7:
132.9
133.2
134.1
135. 0:
133.8!
134.5
133.9
131.0
129.9
129.0
129.3!
129.7
131.1
131.8
129.
127.
123.2! 109.4
122.61 106.4;
122.2! 106.6 S
123.2! 104.2
120. 51 99. 6
103.3 105.1 121. fi
103.9 104.4 121. 8
104.6 121. 7
106.3 122. 3
107.7 123. 3
109.7 122.1
112.3 122.8
114. 5 125. 8
118.5 127. 7
119.9 131. 2
120.9 131. 8
120.5 132.3
134. 2
135.9
137.0
137.1
136.9
133.7
133.4
133. 4
133.5
133.5
133.6
133. 5
133 5
133. 5
133. 6
133. 6
133. 5
133. 5
133.6
133. 6
133. 6
133. 6
133. 6
133. 5
133.5
133.5
133. 5
133.5
133.5
133. 4
133.4
133.4
133. 4
133.3
135.9
136.2
112.0 125. 4 134.6 133. 6 133.9
FRUITS AND VEGETABLES
January
February
March
April
May
June
July
August
September
October
November
December
143.8
146.4
153.8
168.8
177.0
186. 7
207.0
188.1
180.8
166. 3
159.7
155.5
Monthly average
169.5 159.5 185.1 210.8 183.8 161.4 169.0 177.5 125.7
159.7
161. 9
163.3
164.3
170.7
176.6
172.8
154. 5
152.6
148.2
145. 5
144.3
151.9
154.6
157. 2
157.9
171.6
194. 5
217.1
209.0
184.3
186. 6
221.9
214.8
233.1
231.6
231.4
259.2
245.9
220.7
190. 7
176.9
182.2
183.7
188.0
186.1
185.8
182.1
179.4
182.3
214.1
245.8
191.1
170. 6
167.2
165. 6
161. 2
160.8
161.6
163.1
176.9
184.9
188.4
168.7
150.7
147. 5
151.4
150.6
146.9
146. 6
151.4
152.3
149.3
149.9
159.8
168. 6
184.1
190. 7
184.7
181.1
178.4
178.0
184.7
187.4
191.0
202.8
205.3
200.4
172.5
163.1
165.6
163.7
151.2
142.3
142.5
138.8
134.8
135.9
140.4
130.7
125. 8
120.
115.9
109.1
106. 5
107.3
108.51
109.3
114.81
121.11
116.0
114.5
107.2
96.4
90.7
88.2
86.6
89.0
89.8
89.5
89.4
93.4
101.9
115.9
149.9
146.1
135.8
120.5
115.21
117.61
127.7
133.0
134.4
129.2
129.0
124.0
117.3
114.4
113.2
106.7
100.8
99.5
119.1
January
February
March
April
May
June
July
August
September
October
November
December
M o n t h l y average
I 101.21, 102.41 111.3 117.8j 110.0J 123. ij 127.1 j lli>.l] 101-1)
78.9
104. 3
103.0
102.3
109.2
104.8
102.9
99.1
92.6
91.9
89.8
96.1
100.0
100.4
98.7
97.4
101.1
102.7
115.8
112.8
110.7
108.8
105.0
101.6
102.1
107.1
115.3
118.7
116.9
120. 5
115.9
107.4
102. 7
103.1
98.6
93.6
95.4
94.3
93.6
92.9
97.2
96.0
97.2
94.6
90.3
90.4
90.4
88.5
92.9
94. 0 92.4
93. 2 99.5
94. 3 99.4
96. 3 101.3
9 6 . 9 104. 6
96. 2 110.6
95. 7 100.4
92. 4 93.5
94. 4 90.4
94. 7 88.4
93. 4 87.3
91. 9 90.4
99.7 104.8 107.9
93 2
94. 5
98.0
94. 81
97.4
99.1
98.7|
100.9
103.0
101.8
102. 2
98.3
96.3
96.0
96.6
97.0
97.1
97.8
97.6
96.7
97.2
10l! 0
96. 8
94.4
91. 7
98.9!
96.6
93
95 6
97 1
100.6
103 fi
112.1
107.0
103 4
100 5
104 0
110 3
110
117.2
117.7
123.4
125.6
128. 7
133.8
135.7
133.1
129.7
137.1
141.5
146. 6
144.1
148.9,
164. 9
179.5
190. 8
187.8
180. 51
169.8
167.0
166.4
162. 6
163.
96.5 103 2 130.8
91.0
90.0
91.0
93.1
94.9
96.0|
98.6!
99.2
102. 4
99.1
97.3
97.4
101.1
102. 5
102.5
103.5
104.2
106.8
108.7
111.2
115.5
112.9
110.4
111.1
116. 4!
118. 5
120. 5
121. 5
124. 3
126.6
127. 5
129. 5
130. 6
131. 2
131. 9
133. 2
166.
163.0
162.9
168.8
172.8
174.0
176.9
175.7
169.9
162.9
160.7
164.2
i
168.9
168.9
169. 5
173.3
182. 5
192.6
191.8
183.5
172.5
172. 5
172.3
177.3
168.2 177.1
134.7
136.1
137.3
138.0
138.3
138.3)
130.9!
129.7!
129.9
130. 6
130.4
130.9
131.0"
130.5
130. 6
130.0
130.3
129.8
129.3
129.0
129. 0|
129.41
129.7!
129.91
130.2
130.7
130. 8
130.8
131.6
131.6
131.6
131.8
131.6
131.0
131.0
131.2
95.8 107.5| 126. 0J 133. S 129.9! 131.2
SUEVEY OF CURRENT BUSINESS
November 1946
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CURHENT BUSINESS. That
volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; it
also provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where
historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer
to adjustment of monthly figures for seasonal variation.
Data subsequent to September for selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
September
1946
1945
1946
September
October
Novem- December
ber
January
Febru- March
ary
April
May
June
July
August,
BUSINESS INDEXES
INCOME PAYMENTSf
Indexes, adjusted:
Total Income payments
1935-39=100..
Salaries and wages
.
do
Total nonagricultural income
do.—.
Total....
mil.ofd.ol..
Salaries and wages:
Total
do—.
Commodity-producing industries
do
Distributive industries,.
_
_do
Service industries.
do
Government..do
Public assistance and other relief
do
Dividends and interest
....do
Entrepreneurial income and net rents and royalties
_
....mil. of dol..
Other income payments
do
Total nonagricultural income...
do
246.4
253.7
242.4
14, 2G3
229.0
243.4
226.7
13,424
231.4
239.5
229.5
13, 531
235.7
238. 5
232. 2
13,075
234.1
236.1
230.5
14, 272
233.5
231.1
229.3
13, 047
231. 7
227.8
226.1
12,068
234.7
235.1
230.4
13,199
236.4
239.0
232.6
12,960
239.7
240.6
233.8
12,768
240.9
244.1
235.6
14, 478
250.6
249.9
240.0
13,979
'252.1
254.1
'243.2
r
13,481
9,106
3,909
2,280
1,547
1,370
98
1,435
8,708
3,106
1,890
1,296
2,416
83
1,383
8,674
3,048
1,928
1,316
2,382
85
870
8,543
3,044
1,966
1,363
2,170
87
535
8,525
3,046
2,073
1,391
2,015
88
2,056
8,179
2,938
2,018
1,396
1,827
90
1,122
8,041
2.917
2,021
1,431
1,672
92
525
8,360
3,222
2,075
1,476
1,587
94
1,386
8,541
3,318
2,168
1,495
1,560
93
892
3,425
2,228
1,476
1,500
94
558
8,787
3,641
2,176
1,503
1,467
95
2,238
8,845
3,701
2,216
1,537
1,391
96
1,113
'8,995
'3,878
' 2, 255
'11,546
'1,316
97
554
2,863
761
12,638
2,586
664
11,868
3,042
860
11,688
2,909
1.001
11,312
2,599
1,004
12,846
2,609
1,047
11,719
2,415
995
10, 930
2,402
957
12,059
2,507
927
11,698
2,577
910
11, 423
2,500
858
13,178
3,099
826
12,082
' 3,020
'815
11,684
129
160
105
156
181
135
184
224
154
162
171
155
139
137
140
131
135
129
120
107
130
118
97
134
117
78
146
125
99
145
111
94
125
154
150
168
'145
'156
136
112
121
106
130
122
136
134
128
139
148
152
146
144
143
144
150
170
135
155
162
150
149
164
138
131
119
140
159
189
136
131
150
117
155
142
164
139
'130
146
2,027
2,014
' 1,883
' 1,867
' 2,474
' 2,368
' 2,317
' 2, 277
'1,909
' 1,893
1,648
1,534
1,455
1,383
1,426
1,370
1,569
1,419
1,657
1,551
1,523
1,469
2,407
2,271
r 2,257
' 2,193
303
264
319
227
288
141
366
295
256
293
231
213
211
330
261
299
236
206
228
323
333
282
325
253
201
260
340
282
331
250
201
252
345
231
281
351
235
187
235
330
208
305
360
268
194
317
278
206
285
348
243
207
258
281
214
276
302
259
223
284
269
233
299
411
249
223
255
294
'221
286
375
226
220
214
281
342
353
351
355
271
441
298
'330
'229
'333
'327
'284
'367
323
FARM MARKETINGS AND INCOME
Farm marketings, volume:*
Indexes, unadjusted:
Total farm marketings
1935-39«100._
Crops
do
Livestock and products
do
Indexes, adjusted:
Total farm marketings.
do
Crops
.do
Livestock and products
do
Cash farm income, total, including Government payments*
_
.mil. of dol..
Income from marketings*.._
do
Indexes of cash income from marketings:!
Crops and livestock, combined index:
Unadjusted
1936-39«100_J
Adjusted
.__
do
Crops.
__
do
Livestock and products
».do...
Dairy products
do
Meat animals.
do.._
Poultry and eggs
.
...do
PRODUCTION INDEXES
I n d u s t r i a l Production—Federal Reserve Index
|
167
164
Unadjusted, combined index!.
_____ 1936-39=100..I
P183
171
164
156
161
171
'174
148
163
159
'180
173
Manufactures!-.
do.._.
P189
177
171
160
167
170
176
178
151
167
174
' 186
187
192
P212
196
164
Durable manufactures!
.
do I
184
136
176
194
203
182
190
'209
184
163
146
167
102
164
Iron and steel!
_.do
j
154
179
169
109
43
159
183
P146
104
94
95 I
99
Lumber and products!
...do I
86
131
110
120
129
' 144
141
137
* 154
115
135
120
123
131
Furniture!
.....do
j
142
139
146
144
142
144
'152
98
82
126
81
63
80
95
108
'140
122
Lumber!
do
138
133
230
232
230
232
P257
231
217
188
'254
Machinery!
do
241
242
207
225
139
144
130
147
151
139
148
'156
135
' 148
141
132
Nonferrous metals and products!
do
135
143
139
150
155
144
348
Fabricating*
_
do
|
'147
' 145
163
148
141
150
148
109
141
140
128
Smelting and refining*
_
...do
148
' 138
110
'131
123
109
166
167
ISO
159
163
174
Stone, clay, and glass products!
___do____
191
193
184
'202
187
1G2
112
123
134
108
107
113
125
Cement
_
_
...do
179
145
122
166
171
114
122
140
128
134
138
Clay products*
do
' 154
147
147
143
144
123
247
242
228
227
242
247
'239
251
Glass containers!
.do
261
243
237
237
273
258
'239
217
220
199
v 245
Transportation equipment!
do
'242
'241
209
'238
245
252
105
120
'162
107
95
'182
Automobiles!
do
p 188
98
137
'167
"176
114
161
161
158
'
160
157
154
'166
Nondurable manufactures!
do
-159
162
'162
170
161
158
' 162
199
214
157
198
188
211
Alcoholic beverages!
„
do.-..
174
162
201
174
' 187
164
239
232
231
233
231
233
Chemicals!
do
' 233
234
231
'232
230
237
386
371
383
384
378
379
'395
Industrial chemicals*
. — _.__
.do
370
389
'396
382
392
118
113
127
117
111
137
Leather and products!
do
134
117
119
131
127
101
110
108
105
115
113
136
Leather tanning*..
do
113
104
119
93
100
114
123
116
142
118
I
109
138
Shoes.-.
....do
144
120
132
142
106
142
9 Preliminary. * Revised.
•New series. For a description of the indexes of the volume of farm marketings and figures for 1929-42, see pp. 23-32 of the April 1943 Survey; indexes since 1942 are from the
Department of Agriculture. Data for 1913-41 for the dollar figures on cash farm income are shown on p . 28 of the May 1943 Survey; revised monthly averages beginning 1940 based on
annual data are as follows (millions of dollars). Cash farm income, total including Government payments—1940,759; 1941,979; 1942,1,335; 1943,1,668; 1944,1,753; income from marketings—1940, 695; 1941,930; 1942,1,276; 1943,1,612; 1944,1,686; the monthly figures have not as yet been adjusted to the revised totals. Data beginning 1939 for the new series under industrial production are shown on p. 18 of the December 1943 issue.
t Revised series. Data on income payments revised beginning January 1939; for figures for 1939-41, see p. 16 of the April 1944 Survey and for 1942-44, p. 20 of the May 1945 Survey,
Revised data beginning 1913 for the indexes of cash income from farm marketings are shown on p. 28 of the May 1943 Survey. For revisions for the indicated series on industrial
production, see table 12 on pp. 18-20 of theDecember 1943 issue.
716961—46
3
SURVEY OF CURRENT BUSINESS
S-2
1945
1946
Unleas otherwise s t a t e d , statistics t h r o u g h 1941
e n d descriptive notes may be found in t h e
1942 S u p p l e m e n t t o t h e Survey
September
November 1946
September
October
1946
No vem-1 December j ber
January
February
March
April
May
June
July
August
BUSINESS INDEXES— Continued
j
Industrial Production—Continued
Unadjusted—Continued.
M anufactures— Continued,
Nondurable manufactures—Continued.
Manufactured food prodnctst—-—1935-8S«1CO-Dairy products!
__
.
do
Meat packing _
__. _ _ . . . . _do_-__
Processed fruits srd vegetables*
do
Paper and productst
do
Paper and pulpf __._.
_do
Petroleum and cos! products
.... ... _.do
Coke
do .
Printing and publishlngt
Rubber productst
_
Textiles and product8?!
Cotton conPurnDtion
Rfivon deliveriep
„
Wool textile production
Tobacco products
. . .
Mineralsf
.
Fuelst
Anthracite!
.
Bituminous coal!
Crude petroleum
Metals
„_
__
. ____
... .
do .
do __
do
do _
do
do
do ~.-
. do
do
_
_ . do
_._ . . .
do ...
do
.
._
. do . .
Adjusted, combined index!
Manufactures
Durable manufactures
.
Lumber and products
Lumber
Nonferrous mstals
Stone, clay, and glass products
Cement
_„. _. __
Clay products*
Glass containers
....do .
do
do
. do
do .
do
....do
. . . do .
do
do
Nondurable manufactures .
do .
Alcoholic beverages
do
Chemicals
.
.
do
Leather and products
do
Leather tanning*
do
Manufactured food products
._do
Dairy products
do
Meat packing. __
. . do Processed fruits and vegetables*.
....do
Paper and products
.
do .
Paper and pulp
do
Petroleum and coal products.
do
Petroleum refining
do
Printing and publishing-.
_
do .
Textiles and products
do
Tobacco products
___. _
. . _ do .
Minerals
...
. do
.
1
1
166
»155
131
242
144
138
153
*> 120
133 i
165
143
139
I
!
i
PRODUCTION INDEXES—Continued
|
151
P100
171
118
142
138
!
149
r 84
182
108
1^-4
131
143
v 75 j
155 !
94
133
130
145
85
171
92
141
137
139
p 101
129
89
148
143
139
p 134
120
101
146
141
P
137
»160
120
103
142
138
137
161 1
P189
P197
84
' 125
147
142
154
'223
136
131
' 164
152
116
148
116
91
151
113
73
160
122
' 255
147
142
* 181
165
110
172
144
138
215
142
169
117
191
141
128
215
147
173
118
192
146
133
226
150
157
114
205
143
125
228
149
104
114
215
151
138
233
153
142
1?°!
216
159
146
234
171
148
129
221
162
147
241
173
152
129
219
161
144
245
169
147
126
215
164
149
247
174
164
129
218
165
152
240
174
159
115
211
' 144
127
233
' 144
145
123
'221
'162
149
r
233
173
161
1=148
151
125
'163
'149
137
139
114
148
138
123
125
126
120
110
133
116
134
143
112
159
141
80
126
137
94
142
139
61
134
146
114
159
144
60
134
149
121
160
147
' 47
131
145
125
168
138
'44
' 99
108
121
10
146
'46
115
124
125
60
149
'62
141
149
86
156
153
'95
'150
153
128
159
154
-"126
'147
150
120
156
151
129
178
184
211
'136
' 127
> 162
167
173
194
98
89
139
161
97
110
243
162
168
186
91
76
144
161
106
116
235
168
173
191
96
83
148
158
113
119
235
163
169
185
92
72
147
164
119
124
244
160
163
166
108
95
151
172
131
144
247
152
154
138
119
108
139
185
149
144
255
168
173
183
125
117
141
192
152
150
251
165
176
190
130
123
132
190
152
148
243
159
167
175
129
123
130
175
127
140
213
170
176
193
133
127
'137
190
155
148
240
172
177
202
129
121
'148
' 192
155
147
r249
'177
183
208
135
126
156
'197
159
150
251
156
192
239
119
112
144
» 148
141
109
143
138
154
201
230
112
107
143
> 145
129
128
143
139
» 156
158
216
228
116
109
150
v 154
155
128
142
138
156
212
230
111
114
153
» 131
155
138
134
132
»172
161
231
234
117
115
154
» 116
131
145
133
130
167
238
232
133
126
160
p 117
178
146
140
136
p 161
166
176
232
134
120
156
161
155
231
127
104
145
» 120
120
158
142
138
J>163
162
161
233
128
107
'139
p 129
85
'162
146
142
*>174
' 157
'176
' 235
103
99
'150
140
163
148
143
p 171
164
169
235
131
115
153
»129
130
165
146
141
»166
162
174
'237
120
101
146
P 137
138
155
147
142
P181
118
151
143
123
159
156
127
162
161
126
161
154
124
164
163
129
165
153
124
'144
140
129
'162
155
141
'107
141
'93
137
'89
104
76
'115
'63
139
'78
146
' 103
143
10c
37
p 292
1-143
128
v 105
153
236
lfifi
P202
P
162
150
»235
p 134
v 145
38
P132
P144
128
p 165
157
109
144
160
115
141
167
114
146
154
112
143
112
134
106
124
109
138
109
133
!08
P166
P122
r
137 i
J>136
165
'175
136
131
Munitions Prod act ion
Total munitions*
._
1943=100 .
Aircraft*
do
Ship1? (work done)*
do
Guns and fire control*
do
Ammunition*
do
Combat and motor vehicles*
do
Communication and electronic equipment*
do
Other equipment and supplies*... . . .
....do
26
9
37
23
11
8
16
59
Manufacturers' Orders, Shipments, and
Inventories
'204
'215
182
193
209
214
228
183
188
203
New orders, index, total!
avg. month 1939=100..
166
186
180
171
255
203
173
176
224
'235
121
179
231
Durable goods industries
do
219
160
229
252
221
282
'25C
181
174
231
165
223
Iron and steel and their products
do .
119
176
163
240
'295
'292
240
188
323
217
215
297
331
111
Machinery, including electrical
do . . .
158
-235
269
174
153
155
146
156
159
161
144
137
152
157
Other durable goods
.
..
do
130
'188
211
191
196
'20C
188
188
200
203
194
194
193
189
Nondurable goods industries
do . . .
22f
»206
241
202
184
208
209
197
197
Shipments, index, total!
do
204
210
183
206
'216 !
'23;
212
199
169
200
260
183
207
Durable goods industries
_~_
__ . . d o . .
216
203
153
203
169
'18*
222
142
126
119
102
94
Automobiles and equipment
do
88
81
98
118
134
191
'197
Iron and steel and their products
do
194
92
174
140
r20<
229
186
178
187
184
182
'24
274
192
'206
172
183
186
210
167
167
157
163
185
Nonferrous metals and products
do .._
'240
286
255
250
272
263
199
233
Machinery, including electrical
do
267
202
222
198
'44f
522
'497
535
626
504
554
592
492
547
529
796
572
Transportation equipment (exc. autos)
do
'23'
251
178
161
176
223
220
'211
199
Other durable goods industries..._
do . . . 1
190
197
188
211
* Revised.
*> Preliminary.
i Value of orders cancelled exceeded new orders received.
•New series. Data beginning 1939 for the new series under industrial production are shown on pp. 18 and 19 of the December 1943 Survey. Indexes of munitions production have
been revised to incorporate corrections in the basic data and weights changed to unit prices in 1945 instead of 1943, as formerly; except for this change in weighting, the description
of the indexes published on p. 24 of the February 1945 Survey is applicable to the revised data; revised monthly averages for 1940-45 are shown on p. 32 of the February 1946 Survey,
revisions in monthly data published prior to the January 1^46 Survey will be published later.
fRevised series. For revisions for the indicated unadjusted indexes and all seasonally adjusted indexes shown above for the industrial production series, see table 12 on pp. 18-20
of the December 1943 issue. Seasonal adjustment factors for a number of industries included in the industrial production series shown in tbe Survey have been fixed at 100 beginning
various months from January 1939 to July 1942: date for these industries are shov^n only in the unadjusted series as the "adjusted*' indexes are the same as the unadjusted. The
indexes of new orders were revised in the November 1945 Survey and the indexes of shipments were revised In the February and March 1945 issues; data for electrical machinery and
other machinery, which were shown separately in the May 1946 and earlier issues of the Survey have been combined; data for 1939-44 for all series, except the combined indexes
for machinery, ere shown on p. 23 of the July 1946 Survey and combined indexes for machinery are on p. 22 of the August 1946 issue.
November 1946
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in th«
1942 Supplement to the Survey
1946
Sep-'
tember
S-3
1945
Sepi Octotember j ber
1946
Novem- December
ber
January
February
March
April
May
June
July
August
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS,
AND INVENTORIES—Continued
Shipmertst—Continued.
Nondurable goods industries._avg. month 1939 «= 100.
Chemicals and allied products
do....
Food and kindred products........-„„
.do....
Paper and allied products,_....._
.
-do....
Products of petroleum and coal...
do
Rubber products
__.
......do....
Textile-mil] products.—
._._._..-.....do.>..
Other nondurable goods industries.— .-.do....
Inventories:
Index, total
. _
__„
do
Durable goods industries
,
..do
Automobiles and equipment™..
do
Iron and steel and their products
do
Nonferrous metals and products*
do.—
Machinery, including electrical!... _.
do
Transportation equipment (except automobiles)
avg. month 1939 = 100..
Othar durable goods Industriest------do....
Nondurable goods...
__do—
Chemicals and allied products
__do
Food and kindred products..
do—
Paper and allied products
..
do
Petroleum refining
„ .do
Rubber products
„
do
Textile-mill products
do.—Other nondurable goods industries f
._do...„
Estlmated value of manufacturers' inventories*
mil. of. dol.~
209
219
206
199
241
183
183
200
167
197
205
192
236
178
153
260
167
208
204
201
230
183
165
212
165
207
196
189
218
167
178
292
166
189
195
203
218
182
161
229
178
184
204
213
225
185
154
242
187
199
205
221
216
196
167
260
195
203
208
221
213
200
173
282
197
208
209
215
210
206
181
288
207
208
206
208
209
208
185
293 i
208 '
199
199
198
'220
• 38.)
r
193
268
174
186
190
200
255
135
165
267
165
185
173
123
146
235
166
182
178
123
138
230
167
177
175
124
134
230
164
171
187
120
136
218
165
171
191
118
135
223
167
174
200
120
139
226
169
181
210
122
145
236
169
1821
222
120
145
241
170
184
223
120
149
245
173
189
234
124
152
251
LSI
195
245
128
' 157
'256
'130
' 101
• 261
703
142
176
174
185
180
129
819
••119
147
1G0
158
145
109
177
116
'163
792
••119
152
161
165
148
112
168
121
p
169
687
••118
157
162
177
151
114
187
128
'173
594
••118
158
J65
177
155
112
169
130
'173
579
'119
159
165
170
157
111
174
136
'180
'642
'132
' 169
170
180
171
120
195
]fi4
' 182
' 687
' 136
173
' 171
' 182
' 178
' 124
198
168
'185
16,364
16,457
227
221
242
221
215
169
191
18,876
16,
554
16,288
16,
369
587
'120
1(51
167 j
167 1
161
112
180
141
'•182
615
'123
159
366
161
163
114
186
148
'177
590
16,829
16,
!
593
'124
159
167
157
162
114
199
153
'174
16,837
615
'125
158
165
153
160
116
196
157
'174
•128
158 I
166
150
164
118
192
156
' 176
r
210
208
T
199
' 197
282
' 179
r 1Q2
185
200
r
16,934 i 17,175
18,010
• 18,
426
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER*
(U. 8. Department of Commerce)
Operating businesses, total, end ofquarter,---thousands—
Contract construction
do . .
Manufacturing
__
Wholesale trade . . .
__.
do. .
Retail trade
do
Service industriesdo....
All other . . . .
do
New businesses, quarterly
._.—do—
Discontinued businesses, quarterly
do....
Business transfers, quarterly
do—
3,134.1
176.4
255.5
137.4
1,450.1
602.6
512.1
106.0
37.4
83.2
INDUSTRIAL AND COMMERCIAL FAILURES
(Dun and Bradstreet)
Grand total
_
.
number.
do
Commercial service
Construction
do
*Manufacturing and mining
. . do .
do
Ketail trade—_
do
Wholesale trade
Liabilities, grand total
._
thous. of dol—
Commercial service
do
do _
Construction _
Manufacturing and mining
Betail trade
. _.
. . do
do
Wholesale trade
- -
64
16
5
24
17
2
1,658
424
87
780
347
20
*3, 234.8
p 189.1
p 262. 5
p 141.8
PI, 504. 2
p 619.8
346. 7
»214 1
P 276.7
*151 8
*>1, 636.2
J>639.7
P 528. 2
» 151.8
P3,
v 137.4
*36.7
»82.1
62
3
13
24
14
8
3,114
344
225
2,194
209
142
p
137.3
60
7
8
21
14
10
1,268
60
225
721
135
127
42
5
2
23
10
2
1,824
372
107
1,141
125
79
80
12
8
35
22
3
4,372
2,279
155
1,677
245
16
92
13
14
29
27
9
2,983
748
215
874
258
888
86
8
10
41
17
10
4,421
902
436
2,285
269
529
81
5
7
34
25
10
3,785
40
133
2,734
249
629
92
13
8
41
26
4
3,656
60
191
2,066
1,323
16
69
3
13
25
24
4
3,006
7
262
1,996
661
80
74
7
9
36
17
5
3,434
413
162
1,948
835
76
92
12
12
37
20
5
3, 799
459
516
2,113
297
414
3,010
3,507
6,621
4,191
4,774
4,843
4,634
4,388
3,
3.
S
209
215
185
171
367
183
229
283
208
203
219
201
167
212
220
185
171
368
190
244
282
210
205
225
199
166
211
215
198
188
369
194
248
177
214
207
226
198
173
218
223
200
195
370
210
261
185
219
213
230
207
178
BUSINESS INCORPORATIONS
New incorporations (4 states) . . .
. . . - - number
K, 399
2,072
2,861
946
550
COMMODITY PRICES
PRICES RECEIVED BY FARMERS!
U. S. Department of Agriculture:
Combined indexf
—1909-14=100..
Crops
do
Food grain
—
___
...do
Feed grain and hay
_
.
do
Tobacco.
do
Cotton
_.
do
Fruit
do
Truck crops....do
Oil-bearing crops
„.,
do.—Livestock and products
do.—
Meat animals
do—Dairy products
._...__.._.
do.—.
Poultry and eggs
do
243
236
207
221
396
285
210
154
236
250
249
271
221
197
191
167
157
86g
175
217
159
213
203
207
197
201
199
196
175
160
373
180
219
181
210
202
202
199
204
205
203
178
161
375
182
217
235
213
206
203
202
218
207
206
178
162
378
184
230
223
213
207
204
204
222
206
207
179
164
375
180
225
249
213
204
206
203
197
207
213
180
166
368
186
233
275
212
202
214
202
168
244
240
215
244
369
249
249
163
242
247
268
245
196
249
233
203
225
388
271
203
162
242
263
294
257
199
' Revised, * Preliminary.
*New series. See note marked f with regard to the new series for inventories of "nonferrous metals and their products." For the estimated values of manufacturers' inventories for 1938-42, see p. 7 of the June 1942 Survey and p. S-2 of the May 1943 issue. The series on operating businesses and business turn-over have been revised beginning 1940,
See pp. 21-23 of the May 1946 issue for data prior to 1945.
tRevised series. The indexes of shipments were revised in the February and March 1945 issues; data for 1939-44 are on p. 23 of July 1946 Survey. See p. 22 of the August 1946
Survey for 1938-45 data for the index of inventories for "machinery, including electrical" and 1938-42 data for "nonferrous metals and their products"; the index for "other" durable
goods industries" has been further revised since publication of the 1938-42 data in the August 1946 Survey; revised figures beginning September 1945 for this series and also for "other
nondurable goods industries" are shown above; revisions for December 1938—August 1945 for these two series will be published later. The indexes of prices received by farmers are
shown on a revised basis beginning in the March 1944 Survey; data back to 1913 will be published later. Data for October 15,1946, are as follows: Total 273; crops, 244; food grain,
218; feed grain and hay, 222; tobacco, 410; cotton, 304; fruit, 208; truck crops, 151; oil-bearing crops, 255; livestock and products, 299; meat animals, 318; dairy, 300; poultry and
eggs, 257.
S-4
SURVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
Septem- September
November 1946
1945
1946
October
1946
Novem- December
ber
January
February
March
April
May
June
July
August
COMMODITY PRICES—Continued
COST O F LIVING
National Industrial Conference Board :$
Combined index
1923=100Clothing
do
Food_.
do
Fuel and light
—do
Housing.._
do
Sundries
-do
Consumers' price index (U. 8. Dept. of Labor):§
Combined index. „
1936-39-= 100Clothlng
do.
Food
do.
Fuel, electricity, and ice
do....
Gas and electricity*
do_
Other fuels and ice*
do.
Housefurn ish ings..
do.
Rent
do.
Miscellaneous
..do.
RETAIL PRICES
0 . S. D e p a r t m e n t of Commerce:
All commodities, index*
1935-39-100..
U . S . D e p a r t m e n t of Labor indexes:
Anthracite
1923-25-= 100..
Bituminous coal
„
do
Food, combined index
...1935-39=100..
Cereals and bakery products*
do
Dairy products*
...do....
Fruits and vegetables*
do
Meats*
..."
_
do....
Fairch lid's index:
Combined index
Dec. 31,1930=100..
?nfants'
Men's....
Women's
. ..
Home furnishings
Piece goods.„
WHOLESALE PRICES
D. 8. Department of Labor indexes:
Combined index (889series)
Economic classes:
Manufactured products
R a w materials
Semimanufactured articles
Farm products
„
Grains
Livestock and poultry
Commodities other than farm products
Foods
Cereal products
do....
do....
do
do....
do
114.6
99.7
131.3
100.5
91.0
119.9
106.2
94.6
112.9
97.4
91.0
115.3
106.3
94.9
112.8
97.4
91.0
115.4
106.7
94.9
113.9
96.9
91.0
115.6
107.1
94.9
114.9
97.1
91.0
115.7
145.9
165.9
174.1
114.4
91.7
136. 5
165.6
108.8
129.9
128.9
148.2
139.4
110.7
95.2
125.7
146.8
i108.3
124.6
128.9
148.6
139.3
110.5
04.8
125.7
146.9
129.3
148.7
140.1
110.1
94.0
125.8
147.6
124.7
124.6
129.9
149.4
141.4
110.3
94.0
126.1
148.3
»108.3
124.8
0)
0)
106.7
94.8
113.8
97.4
91.0
115.9
129.9
149.7
141.0
110.8
93.8
127.3
148.8
108.2 I.
96.4 i.
116.2 ..
97.4 I
91.0
117.3
130.2
153.1
140.1
110.5
92.9
127.7
150.2
1
108.4
125.9
131.1
154.5
141.7
110.4
92.6
127.8
152.0
125.4
129.6
150.5
139.6
111.0
93.8
127.8
149.7
(')
125.6
0)
126.7
131.7
155.7
142.6
110.3
92.2
127.8
153. 7
' 141.2
' 158. 7
165.7
113.3
92.1
' 133. 8
'157.9
127.2
133.3
157.2
145.6
110.5
92.1
128.4
156.1
»108. 5
127.9
0)
0)
'128.2
162.6
142.0
14L8
142.2
143.1
143.1
142.9
143.7
144.8
145.7
147.7
156.3
119.6
116.2
174.1
137.3
186.6
176.4
188.5
106.3
107.5
139.4
109.1
133.4
172.5
131.6
106.2
107.5
i39.3
iOS. 1
133.3
172.5
131.0
106.2
107.5
140.1
109.1
135.9
172.3
131.0
107.3
107.6
141.4
109.2
136.2
177.3
131.2
108.2
108.6
141.0
109.4
136.4
180.8
131.4
108.6
108.6
139.6
109.8
136.6
181.1
131.3
108.6
108.6
140.1
110.3
137.0
183.4
131.3
108.5
108.6
141.7
113.3
137.4
185.9
132.8
108.7
109.0
142.6
115.2
138.6
185.7
133. 5
108.8
111.0
145.6
122.1
147.8
183.5
134.0
117.8
'114.3
165.7
126.1
179.1
188.4
173.7
116.7
113.5
113.5
113,6
113.6
113.6
113.5
113.6
113.7
114.5
114.7
115.1
110.3
109.1
117.5
119.8
113.9
108.1
105.4
113.9
115.7
112.0
108.1
105.4
113.9
115.7
112.0
108.1
105.3
113.8
115.7
112.0
108.1
105.3
113.8
115.7
112.0
108.0
105.3
113.8
115.7
111.8
108.1
105.3
113.7
115.7
111.8
108.2
105.3
113.7
115.9
112.0
108.1
105.7
113.7
116.2
112.2
108.1
106.2
114.7
117.0
113.1
108.1
106.2
115.0
117.2
113.3
108.2
106.6
115.7
117.4
113.3
1926=100..
124.0
105.2
105.9
106.8
107.1
107.1
107.7
108.9
110.2
111.0
112.9
' 124.7
do....
...do
do....
do....
do....
do....
do
do....
.do.
117.2
141.4
115.0
154.3
170.6
150.4
117.2
131.9
127.4
101.7
114.8
96.5
124.3
126.6
128.5
100.9
104.9
95.1
101.9
116.6
96.8
127.3
130.2
130.5
101.0
105.7
95.3
102.2
118.9
96.9
131.1
132.9
131.8
101.3
107.9
95.5
102.5
119.2
97.6
131.5
133.2
129.6
101.6
108.6
95.7
102.9
118.3
97.6
129.9
133.8
131.5
101.9
107.3
95.8
103.4
118.9
98.8
130.8
133.9
132.7
102.5
107.8
96.1
115.8
127.5
108.1
104.5
120.5
100.4
133.4
136.7
133.5
103.4
109.4
96.2
116.1
133.1
109.6
105.5
122.2
101.1
135.4
137.0
135.1
104.5
110.8
99.4
116.3
138.2
110.3
106.1
123.6
101.9
137.5
148.1
134.9
105.1
111.5
100.3
117.0
140.6
110.5
107.3
126.3
105.7
140.1
151.8
137.4
106.7
112.9
101.7
127.3
136.1
110.1
118.9
'141.7
110.2
157.0
181.4
162.9
'117.5
140.2
124.9
156.9
130.0
169.9
Dairy products._
do—
169.1 110.3 110.4 113.2 113.8 115.0
Fruits and vegetables
do—
115.5
117.5 116.3 123.8 128.7 125.7
Meats__
do....
131.3 107.9 107.9 107.9 107.9 108.1
Commodities other than farm products and foods
1926«100_.
112.2
99.8
100.1 100.2 100.5 100.8
101.3
103.3
102.2
103.9
105.6
' 109. 5
Building materials
„
do
133.8 118.0 118.3 118.7 119.5 120.0
120.9
126.5
127.8
124.9
129.9
132.1
Brick and tile
do....
127.7 112.4 115.2 116.7 116.7 116.9
120.5
116.9
119.9
117.4
122.5
121.3
Cement
do....
106.5
99-6
99.9
100.1 100.5 101.1
102.6
102.4
101.5
102.3
104.0
102. 6
Lumber
d o . — 178.2 155.0 155.2 155.5 157.8 158.5
172. 5
171.4
177.3
167.6
160.1
176.0
Paint and paint materials
do....
116.7 107.6 107.6 107.7 107.8 107.8
108.2
114.9
108.0
107.8
107.8
108.6
99.3
96.5
Chemicals and allied products!
do
98.4
95.3
95.5
95.796.1 96.0
96.1
95.9
96.0
96.4
98.5
Chemicals
J
do
98.6
96.1
96.4
96.7
97.1 97.1
97.9
97.1
97.0
97.0
98.0
112.6
Drugs and pharmaeeutiealsf
do
110.3 110.2 110.3 110.7 112.3 112.1
112.4
112.4
111.5
111.7
109.4
88.2
Fertilizer materials..
do....
90.2
81.1
81.9
81.9
81.9
81.9
81.9
81.9
81.9
81.9
82.7
114.2
Oils and fats
do
103.3 102.0 102.0 102.0 102.0 101.7
102.1
102.1
101.8
102.1
102.1
90.3
Fuel and lighting materials
do
94.3
84.1
84.2
84.6
84.8 84.9
86.1
86.1
85.1
85.0
87.8
65.6
Electricity
—
do.™
-__._
65.5
66.7
68.0
68.7
69.2
67.0
66.6
71.3
68.3
67.2
80.7
Gas...
„
do—
-.
80.2
79.8
79.1
77.7
77.4
80.2
79.7
79.1
79.6
79.6
65.1
Petroleum products.
..do
73.0
62.6
62.1
61.7
61.6
61.5
63.5
62.8
61.6
61.2
64.0
141.2
Hides and leather products.
d o — 141.6 118.7 118.6 118.8 118.9 119.4
120.4
119.8
119.6
119.8
122.4
169.3
Hides and skins
...»
do—
151.5 118.1 117.6 117.6 117.6 117.6
120.7
117.6
117.6
117.6
121.5
133.2
Leather
do.._138.5 103.8 103.8 103.8 104.1 103 8
104.0
104.0
103.9
104.0
110.7
140.4
Shoes
.—..do.—
144.8 126.3 126.3 126.7 126.9 127.9
128.9
128.6
128.2
128.6
129. 5
111.9
Housefurnishing goods—_
.do—
113.6 104.6 104.7 104.7 104.7 106.2
108.3
107.5
106. 5
106.9
110. 4
117.3
Furnishings
do
119.4 107.7 107.9 107.9 107.9 109.7 110.1
110.9
112.1
113.4
112.1 113.4
110.1
110.9
114.5
106. 4
Furniture
„
.do
107.5 101.5 101.6 101.6 101.6 102.8
102.9
102.9
102.9
102.9
106.1
113.3
Metals and metal products
d o — 114.2
104.9
105.0 105.2 105.6 105.7
109.4
108.8
106.6
108.4
112.2
111.3
Iron and steel..
do..__
113.5
99.6
99.8
100.2 101.0 101.2
107.8
107.4
103.3
107.0
110.1
102.7
Metals, nonferrous
„do—
101.4
85.7
85.7
85.8
85.8
85.7
89.0
87.1
85.7
86.1
99.2
106.0
Plumbing and heating equipment.
d o — 107.2
95.0
96.0
95.0
95.0
95.0
100.8
100.8
95.1
95.1
106.0
'
118.1
Textile products__
.do—..
125.7 100.1 101.0 101.1 101.4 101.6
108.8
107.9
102.2
104.7
109.2
120.5
Clothing....
_
do—
122.9
107.4 107.4 107.4 107.4 107.4
119. 6
117.4
109.4
109.5
120.3
148.
Cotton goodsdo....
166.6 121.3 125.0 125.1 125.6 125.6
138.6
137.6
125.8
132.9
139.4
76.3
Hosiery and underwear
do
88.7
71.5
71.5
71.5
73.5 75.2
75.7
75.5
75.3
75.5
75.8
30.2
Rayon__
do....
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
112.7
Woolen and worsted goods
do
113.9 112.7 112.7 112.7 112.7 112.7
112.7
112.7
112. 7
112.7
112.7
101.3
Miscellaneous
_.
„....
do
102.1
94.8
94.8
94.8
94.8
95.3
97.0
95.7
95.6
95.6
98.5
73.0
Automobile tires and tubes__
do—
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
117.1
Paper and pulp
do
121.9 109.3 109.3 109.3 109.3 112.0
115.3
113.9
113.7
113.7
115.6
Wholesale prices, actual. (See respective commodities.)
1
Rents collected semiannually for most cities in index, usually in March and September or June and December; indexes are held constant in cities not surveyed during quarter- a
special survey was made in August 1946, including 16 cities; rents in the remaining 18 cities were treated as unchanged in computing the August index
JFor revised data for 1943, seo p . 20 of the April 1946 Survey. Beginning 1946, indexes are compiled quarterly.
§Formerly designated "cost of living index"; see note in April 1946 Survey.
•New series. For a description of the Department of Commerce index of retail prices of all commodities, see p. 28 of the August 1943 Survev; minor revisions have been made
in the figures published prior to February 1945 Survey: revisions are shown on p. 31 of February 1946 Survey. Data for 1923-45 for the indexes of retail prices of the food sub-
SURVEY OF CURRENT BUSINESS
November 1946
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the Septem- Septem1942 Supplement to the Survey
ber
ber
S-5
1945
October
1946
Novem- December
ber
January
February
March
April
May
June
July
August
COMMODITY PRICES—Continued
PURCHASING POWER O F T H E D O L I A R
As measured by—
Wholesale prices
Consumers' prices
Retail food prices..
Prices received by farmers!
_.
1935-39=100do
do
do
64.8
*68.5
57.3
43.8
76.5
77.6
71.6
54.1
75.9
77,6
71.7
53.6
75.3
77.3
71.3
51. Q
75.1
77.0
70.6
51.4
75.1
77.0
70.8
51.6
74.7
77.2
71.5
51.4
73.8
76.8
71.3
60.9
73.0
76.3
70.5
50.2
72.5
75.9
70.0
50.4
71.3
75.0
68.6
48.9
64.8
70.9
60.3
43.6
62.3
69.6
58.3
42.8
'1,000
'780
329
'1,075
821
345
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total...
mil. of d o l . .
Private, total
„
do
Residential (nonfarm)
do
Nonresidentia! building, except farm and public
utility, total
mil. of dol._
Industrial..
do
Farm construction
do.___
Public utility
_„.
do....
Public construction, total..
....do
Residential
_.
do.
Military and naval...,
.
__.do..~
Nonresidential building, total
do.__.
Indastrial.........
»__do
Highway
.
.„„
do
All other
....
>.„.............. do
CONTRACT AWARDS, P E R M I T S , AND
D W E L L I N G U N I T S PROVIDED
Value of contracts awarded ( F . E . indexes):
Total, unadjusted
. . _ 1923-23=100.
Residential, unadjusted
_
_---.._..__do-_.
Total, adjusted
_
do...
Residential, adjusted.-,.
.do.
Contract awards, 37 States (F. W. Bodge Corp.):
Total projects-..
number.
Total valuation
. . . t h o a s . of dol_.
Public ownership.
.._._..
do
Private ownership
_
do
Nonresidential buildings:
Projects
......number..
Floor area—.thous. of sq. ft..
Valuation
....._>thou8. of dol..
Residential buildings:
Projects..
number..
Floor area
thous. of sq. ft..
Valuation
thous. of dol..
Public works:
Projects
number..
Valuation
thous. of doL.
Utilities:
Projects
_
number..
Valuation.
thous. of dol..
Indexes of building construction (based on building
permits, U. S. Dept. of Labor):f
Number of new dwelling units provided. 1935-39 =»1OQ_.
Permit valuation:
Total building construction
_.
do
New residential buildings
.do
New nonresidential buildings
do
Additions, alterations, and repairs
do..I.
Estimated number of new dwelling units in nonfarm
areas (U. S. Dept. of Labor):
Total nonfarm*
number..
Urban, total ^
do
Privately financed, total
do
1-family dwellings.
do
2-family dwellings
do
Multifamily dwellings
.do
Publicly financed, total
_do
Engineering construction:
Contract awards (E. N . R.)5
thous. of dol-
1,072
807
340
407
256
71
424
270
81
438
309
98
443
348
116
'476
389
136
r510
••433
159
'603
'504
195
'711
'592
244
824
'676
288
'916
' 740
317
113
70
14
62
154
3
42
41
20
36
32
138
80
10
63
129
2
34
31
12
31
31
162
91
5
65
95
2
18
26
10
21
28
191
102
8
54
r
87
'1
18
25
9
18
25
-•215
••261
'124
20
'67
'119
'6
15
22
6
42
34
'287
'132
30
71
••148
'15
14
23
6
57
39
'311
143
40
72
'176
17
14
19
22
••236
'117
14
59
99
5
13
24
8
28
29
'328
-•157
50
73
••220
25
14
30
6
94
'57
338
••173
60
78
'254
35
18
'32
7
105
'64
78
35
83
36
83
42
94
44
86
48
108
87
50
107
61
117
85
136
95
148
135
147
129
194
201
170
172
203
211
169
179
201
195
174
177
179
162
165
161
'164
' 155
'158
'157
36, 702
019,857
186, 882
432,975
15,481
12,004 13,342
278. 262 316, 571 370,087
43,346 60, 554 60,819
234,916 256,017 309,268
14,298
330, 685
61, 821
268,864
15,332 16,772
357, 501 387,399
46, 715 56,449
310, 786 330,950
42,573
697, 593
146, 404
551,189
52,
734,
127,
607,
733
911
016
895
63,188
952, 418
196, 832
755,586
38, 265 36, 523
807. 914 717,991
214, 534 201,645
593, 380 516,346
40,101
679,909
204,817
475,092
3,648
25,929
169,127
5,332
4, 731
5,012
32,700 35, 330 39,871
207,671
181, 033 195, 626
4,450
37,656
193, 589
4,700
4,648
36, 335 37,839
217, 587 220,598
7,416
50,631
278, 725
4,769
41, 676
236,182
4,878
45, 285
290,963
4,357
3,582
41, 370 42,457
273, 207 283,635
33,080
211, 530
338
186
50
79
265
45
16
35
9
105
64
63
24
63
151
3!
42
41 I
22 !
36 !
29 i
v 154
70
26
69
P156
v 154
5a
rill
8
51
r77
'2
13
21
7
4,108
31,458
47,121
293,831
6,140
8,587
42, 580
7,325
11,754
9,297
15,911
88,374
9,190
17,115
86,134
11,469
10,071
18, 572 18,423
89,715 102,079
34,066
49,198
275,241
46, 652
65, 530
370, 590
' 56,264
74,992
463,600
31, 574 31,112
51, 533 45, 327
332, 248 281,227
33, 727
45,145
284,025
1,557
107,941
893
35,875
768
40.90S
590
43, 214
478
36,126
26,841
415
37,687
815
120, 230
1,039
95,964
1,684
156,626
1,950
154,009
1,537
121,149
2,008
153,456
239
48,458
240
18,774
237
20,151
262
30,828
180
14,836
195
23,358
240
27,035
276
23,397
273
32,175
362
41,229
384
48, 450
31,8
258
30,898
253.8
r
84.5
112.4
117.7
111.0
159. 2
189.9
319.1
294.0
278.0
252.8
283.7
' 317.6
193.9
291.2
115.7
177.8
109.6
91.5
99.3
176.6
152.3
137.5
142. ft
210.8
149.4
143.4
141.7
181.9
172.3
149.5
195.4
163.8
175.2
187.6
159.7
187.9
205.9
215.0
190.8
224.9
423.6
407.7
444.3
406.5
235.6
352. 7
140.7
218.5
212.2
331.3
116.6
189.8
210.4
303.4
136.7
192.4
218.7
321.2
135.8
203.1
' 235.0
'378.7
'119.4
'213.9
31,900
20,867
20,417
17,421
1,069
1,927
450
29, 500
20,036
19, 256
15,494
1,241
2,521
780
43,912 '48,451
30, 725 33,479
25,918 28,503
21,786 24,072
1,309
1,792
2,823
2,639
4,807
4,976
83, 641
56,002
50,066
41,785
2,683
5,598
5,936
81,035
53.860
44,996
39,000
2,571
3, 425
8,864
74,257
48,216
43, 583
35,824
3,267
4,492
4,633
68,000
43,833
36,660
' 31, 372
2,144
3,144
7,173
76,700
49,222
36,830
31,071
1,902
3,857
12,392
' 82,070
'55,081
' 38,660
' 32,921
' 1,943
' 3, 796
' 16,421
315,709
238,009
348, 277 248,025
383,981
536,190
560,244
555,469
536,594
541, 325
66,725
44,012
35,020
29,313
2,048
3,659
8,992
21,800 30,100
14,655
19.855
14,619
19,496
12,567
16,582
845
857
2,057
' 1, 207
0
334
373.056
235,155
239,436
m e n WAY CONSTRUCTION
Concrete pavement contract awards:|
3,381
2,071
2,130
1,641
1,819
1,187
1,563
3,903
5,152
2,906
4,585
3,731
3,345
Total
thons. of sq. yd_.
490
58
209
25
747
385
66
242
65
43
70
416
99
Airports
_.do.
1,121
1,087
1,829
1,678
946
734
1,475
2,211
2,518
3,355
2,735
2,055
1,687
Roads
_
do.
418
1,214
708
237
428
1,103
1,274
1,609
301
626
978
1,698
Streets and alleys
do.
p Preliminary. ' Revised. § Data for November 1945 and January, May and August 1946 are for 5 weeks; other months, 4 weeks.
X Data published currently and in earlier issues of the Survey cover 4- and 5-week periods except that December figuresinclude awards through Dec. 31 and January figures begin
Jan. 1; beginning 1939 the weekly data are combined on the basis of weeks ended on Saturday within the months unless a week ends on the 1st and 2d of the month when it is
included in figures for the preceding month (exceptions were made in the case of weeks ended Apr. 3,1943, and Feb. 3,1945, which were included in the preceding month).
1 Data for 1920 to 1944 for urban dwelling units are shown on p. 15. Data for publicly financed units, shown separately beginning in the May 1946 issue of the Survey,
were formerly included in the 1-family classification; they have not been reported by type of dwelling since April 1943 but have been predominantly 1-family since that date. These
data and the indexes of building construction above, based on permits issued or Federal contracts awarded during the month, prior to 1945, are considered a measure of construction
started during the month; in recent months critical shortages of building materials and limiting orders have caused considerable delays in the start of construction, or, in some cases,
abandonment of the work; the data since the beginning of 1945 should therefore be considered as volume of construction for which permits were issued or contracts awarded rather
than volume started during the month.
•New series. Estimates of total nonfarm dwelling units include data for urban dwelling units given above and data for rural nonfarm dwelling units which are not shown separately; monthly estimates are now available corresponding to the quarterly estimates shown in the November 1942 to October 1945 issues of the Survey; the monthly figures beginning
January 1939 and annual totals beginning 1910 are shown on p. 15. The data on new construction activity since the beginning of 1944 are joint estimates of the U. S. Departments
of Commerce and Labor; several of the component series have been revised recently, the revisions extending in some cases back to 1929; data beginning May 1945 were revised in the
July 1946 Survey; monthly data for January 1939-April 1945 and annual estimates for 1915-38 are available upon request.
tRevised series. The index of purchasing power of the dollar based on prices received by farmers has been shown on a revised basis beginning in the April 1944 Survey. The
indexes of building construction have been revised for January 1940 to October 1944; revisions are available on request; see also note marked "V concerning recent data.
SURVEY OF CUERENT BUSINESS
S-6
1945
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to t h e Surrey
September
November 1946
September
October
1946
Novem- December
ber
January
February
March
April
May
j June
j July
August
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
. . . . 1914=100..
American Appraisal Co.:
Average, 30 cities
1913-= 100..
Atlanta
do
New York
- _ _ _ — do
Ban Francisco
do
St Louis
. ...
do__
Associated General Contractors (all tyt>es) _„_ do
E. H. Boeekh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta _
_>._.U. 8. average, 1926-29«*100—
New York
do
San Francisco
.
do
St Louis
- - do
Commercial and factory buildings:
Brick and concrete:
Atlanta
.do___.
New York
- do
SflTi "Ff&ncisco
do
Pt, Louis
—.do
Brick and steel:
Atlanta
do
New York
do
St. Louis
Residences:
Brick:
Atlanta
NRW York
San Francisco
fit Louis
Frame:
A tlantft
New York
San Francisco
St Louis
Engineering News Record:
Building cost*
232
342
367
272
279
272
245
270
231.0
276
285
275
248
275
232.5
278
287
275
248
275
238.0
282
292
280
248
278
239.0
283
293
280
249
278
241.0
286
303
281
261
280
245.0
294
314
298
273
288
247.0
303
325
313
279
296
247 0
310
332
318
283
300
249 0
317
337
324
294
309
25° n
326
346
332
308
316
958 6
335
360
341
313
32^
268 C
124.8
157.9
145.0
149.1
124.8
159.2
145.7
149.6
125.1
159.4
145.9
149.9
127.4
169.8
146.7
150.8
130.4
169.8
149.2
160.8
133.6
172.1
151.8
151.1
131.3
172.9
153.8
152.7
133.2
177 4
355.7
154 3
133.5
177 9
156.2
159 9
13*. 6
178 6
158 7
161 9
141.2
180 0
160 6
164 0
142. €
181 I
164 C
164 c
124.2
159.4
147.2
150.9
124.2
160.6
147.6
151.3
124.4
160.7
147.7
151.5
127.3
170.4
148.3
152.6
128.9
170.4
151.1
152.6
129.3
172,9
151.8
152.8
129.5
173.5
154.6
155.0
131 0
179.3
156 5
155.8
131 2
179.7
156 9
163.8
137 0
180.3
158 7
164.8
14] 3
181 5
159 3
166.2
144 4
184. £
167 (
166.'
124.0
156.7
147.9
148.0
124.0
158.1
148.6
148.4
124.4
158. 2
148.7
148.8
127.0
167.0
149.3
149.5
128.9
167.0
150.3
149.5
129.3
169.0
152.3
149.9
130.1
169.6
154. 5
152.1
131.3
174.7
156. 2
153.1
131.5
175. 1
156.6
159. 5
135. 5
175. 6
160 1
160.8
137.5
177 3
161 5
102! 9
141.1
179.,
168 (
164. C
134.1
162.6
146.3
154.8
134.1
164.5
147.3
155. 2
135. 5
165.1
148.0
156.6
137.9
173.1
148.6
157.7
140.8
173.1
150.6
157 7
141.2
174.9
154.0
158.8
141.2
175.5
155.3
159.5
144. 7
180. 3
157.6
162 2
144.9
180.7
158.0
165 8
148.6
181.3
159.0
167 8
152
185
163
172
4
6
5
5
154. £
187.1
165. £
173. <
135.3
163.0
144.4
155.4
135. 3
164.1
144.9
155. S
137.1
165.0
145.8
157.6
138.4
173.7
146.4
158.3
142.6
173.7
147.7
158.3
143.0
175.6
153.0
159.5
143.0
176.2
153.7
159.8
147 2
180. 6
156.1
163.0
147.4
181.0
156.5
165.0
150 2
181,6
157.5
167.7
153 3
186.0
164 0
172.7
155 4
187.4
162. <
174. (
272.7
360.9
240.4
309.3
240.6
309.3
240.8
313.5
242.2
316.3
243.9
319.5
245.4
323.8
254.4
334.6
257.3
339. 7
264.2
347.9
266.1
353 9
272.0
361 4
272. (
360.2
151.9
148. 3
159.3
138.0
134.1
146.0
138.5
134.6
146.3
139.1
135.0
147.3
139.3
135. 2
147.5
139.7
135.5
147.9
140.3
136.3
* 148. 5
141.0
137.1
148.9
142.1
138. 0
150.6
143.6
139.2
152.5
145. 7
141.6
153.8
147.7
«• 143. 7
155.6
149.8
146.1
157.5
23,667
6,401
35,102
6,436
32, 710
6,468
32, 598
6,499
38, 722
6,538
34,543
6,569
42,377
6,603
45, 513
6,639
46,113
6,679
6,721
6, 759
464,157
555,893
560,180
527,424
634,117
618, 763
765,973
887, 266
964, 438
917,414
981,187
347
317
332
267.0
...do
.
.
do
do
—do
do
„
do
....do
do»
. .-——do_
1913=100.
Construction fall tvues}
do__»_
Federal Home Loan Bank Administration:
Standard 6-rooni frame house:t
Combined index
1935-39 •• 100—
Materials
Labor
287
„
do—
do
248
258
270
T
REAL ESTATE
Fed. Hons. Adinn., home mortgage Insurance:
0)
Gross mortgages accepted for instirance-thous. of dol.
6.817
Premium-paying mortgages (cumulative).mil. of dol—
Estimated total nonfarm mortgages recorded ($20,000
and under)*
- ._thous. of doL. 928,878
Estimated new mortgage loans by all savings and loan
associations, total
.___.
_thous. of dol.. 309, 791
Cias'-ifled according to purpose:
Mortgage loans on homes:
55,354
Construction
_
.
do
Home purchase _ .
- d o . . . 198,842
21,£46
Refinancing
—
.
do.
8,027
Repairs and reconditioning
do
26, 022
Loans for all other purposes
...do
Loans outstanding of agencies under the Federal Home
Loan Bank Administration:
Federal Savings end Loan Associations, estimated
3,152
mortgages outstanding!
.mil. of dol..
Federal Home Loan Bank*, outstanding advances to
235
member Institutions
mil. of dol
Home Owners' Loan Corporation, balance of loans
682
outstanding
- - mil. of dol—
7.0
Foreclosures, nonfarm, index, adjustedf.. 1936-39*= 100..
Fire losses
- thous. of dol— 40, 256
0)
0)
6, 78C
162,433
196, 379
198,159
187, 710
216,842
225, 519
300,163
342, 999
361, 298
325,997
326,048
16,375
113,103
16,786
3,980
12,189
23,985
135, 224
18,751
4,857
13, 562
24, 481
135,685
19,411
4,487
14,095
22, 922
129, 557
17,848
3,958
13, 425
30,807
145, 342
21,372
3,803
15,518
30,866
154,219
19,801
4,217
16, 416
45, 391
202,995
24, 244
6,198
21, 335
53, 202
235, 877
24,882
6,796
22, 242
62,189
243, 458
24,451
6, 954
24, 240
56, 297
218, 575
22,402
6, 625
22,098
59, 708
21G, 369
21,388
2,255
2,382
0)
r
2,572
100
87
97
195
,;;
165
153
156
173
908
8.5
32,447
"887
8.2
34,470
869
9.0
37,393
852
7.9
49,478
831
8.8
49,808
813
7.8
51,759
794
8.3
53,252
773
7.5
52,153
753
7.1
46,094
999, 221
324, 45c
2l', 250
59,377
211,804
22,032
I 8, 481
22, 765
202
715
6.3
40,998
699
6.8
40,019
2 8*7
203
6.J7
44, 240
214
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:! .
144.1
171.9
141.3
149.1
139.4
157.7
151.9
152.6
Printers' Ink, combined index
1935-39-= 100154.2
184.5
151.6
156.8
177.1
200.9
180.4
185.3
201.9
177.6
192.2
159 6
Farzn papers
. . _— _ do.
161.5
156 2
182 8
157 8
167 7
184 2
214.1
189.5
207.4
200.3
193.2
203.8
Magazines
>
...do
176.2
173.1
172.5
179.9
191 3
228 7
237.7
127. 2
110.7
111.5
118.4
105.3
127.2
Newspapers
_*
do
122.8
124.5
126.6
125.9
145.9
153.0
175.1
218.1
222.6
202.0
153.3
Outdoor
- ----- do
216.7
167.2
182.0
189 8
193 9
199 9
213 8
321.1
268.2
283.3
273.7
279.8
273.8
Radio
do
298.5
294.1
297.2
313 2
307.0
307.8
171.8
168.4
162.5
162.9
183.0
164.5
Tide, combined index*
- do
166.1
175.0
171 9
193 9
165 1
\ 207 6
Radio advertising:
15,133
15, 317
16,989
16, 776
Cost of facilities total
thous. of dol
17,179
17,449
16,821 ' 15,827 ' 14,414
15,758
17, 273
16,442
14,007
666
501
Automobiles and accessories— do
779
788
928
884
815
922
807
797
660
771
211
80
Clothing
_-„ do. .
214
257
224
208
209
190
175
192
196
91
95
266
296
314
Electrical household equipment
Ldo._—
296
301
351
363
325
301
323
316
332
327
356
308
327
Financial
~_ _ . do
293
343
321
345
351
376
287
305
308
3,891
4,079
Foods, food beveragee, confections
do
4,502
4,312
4,420
4,473
4,102
4,483
4,175
4,677
4,546
3,707
' 3' 618
r
Revised. JMinor revisions for January 1939-July 1942 are available on request. 1 Discontinued.
•New series. For a description of the series on nonfarm mortgages recorded and data for January 1939 to September 1942 see p. S-5 of the November 1942 Survey. For a brief
description of the Tide index of advertising see note marked " • " on p. S-6 of the April 1946 Survey; data beginning 1936 are available on request. The Engineering News Record
index of building cost is computed in the same manner as the construction cost index which is described in the 1942 Supplement to the Survey, except that skilled labor is substituted
for common labor; data beginning 1913 will be shown later.
fRe vised series. The index of nonfarm foreclosures has been revised for 1940 and 1941; revisions are shown on p. S-6 of the May 1943 Survey. Indexes of advertising from Printers'
Ink have been published on a revised basis beginning in the April 1944 Survey; revised data beginning 1914 will be published later. The indexes of cost of the standard 6-room frame
house are shown on a revised basis beginning in the April 1946 Survey.
November 1946
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
1946
S-7
1945
September
September
October
1946
Novem- December
ber
January
February
March
April
May
July
June
August
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Radio advertising—Continued.
Cost of facilities—Continued.
Gasoline and oil
thous .of dol..
536
Housefurnishings, etc
168
. do . .
Soap, cleansers, etc
1,311
do
Smoking materials
. . .
1,219
do
5,004
Toilet goods, medical supplies .
do
1,536
All other
do
Magazine advertising:
Cost, total
do
Automobiles and accessories
do
Clothing
do
Electric household equipment _
do
Financial
do
Foods, food beverages, confections
do
Gasoline and oil _.
do
Housefurnishinps, etc
do
Soap, cleansers, etc
do
Office furnishings and supplies
do
Smoking materials _.
. .
do
Toilet goods, medical supplies
do
do
All other .
5, 308
Linage, total
....thous. oflines._
Newspaper advertising:
152, 871
Lineage, total (52 cities) . . . . .
do
39; 018
Classified
do
113, 853
Display, total
. do
3. 495
Automotive
.
do
1,877
Financial
do
22, 067
General
do
86,414
Retail
_.
_ do
584
164
1,192
1,259
4,747
1,976
610
149
1,34?
1,337
5,462
1,994
592
166
1,306
1,273
5,318
2,076
694
171
1,273
1,322
5,513
2,102
650
164
1,472
1,342
5, 660
1,921
620
149
3,319
1,211
4,920
1,796
696
170
1 402
1,328
5,374
2,001
28, 701
2,397
2,970
886
506
3, 605
561
1,630
497
639
829
4,431
9,750
4,745
31, 649
2,683
3,026
1,135
622
3,962
430
1,969
520
674
1,061
5,315
10, 251
5,094
30, 597
2,344
2,579
1,187
524
3,944
436
1,761
554
617
1,031
5,197
10,423
4,804
30, 446
2, 456
2,125
1,136
528
4,008
339
1,690
442
637
1.104
4.930
11,050
4,037
21 472
1 547
1,650
469
488
3,120
233
935
371
326
836
3,520
7,976
4,139
26 503
1 417
2,387
783
587
3,983
306
1,229
006
486
805
4,905
9,010
4,604
31 869
1 445
3,564
797
623
4,472
359
1,966
766
657
929
5,346
10, 943
4,910
121,094
27, 921
93,173
3,033
1,726
21,890
66, 524
136,950
29, 626
107, 323
3,947
2,272
26,032
75,072
140, 761
28,120
112,641
5, 363
2,003
26,022
79,253
130, 756
26,321
104, 435
3,904
1,999
21, 304
77,228
115, 746
28,648
87,098
2,855
2,741
18,916
62. 585
121,177
29, 677
91,499
2,092
2, 076
21,057
66, 274
90.4
90.4
91.1
89.8
88.6
thousands
.thous. of dol..
4 3S3
171,036
5 956
214,157
5,612
180,573
6 292
143,954
thousands
thous. o f d o l -
11, 606
195, 669
13, 482
218,155
13, 562
223,874
12,926
206, 329
505
163
1 388
1.268
4,907
1,755
508
154
1,244
1,337
4, 714
1,320
537
153
1,445
1,270
5,145
1, 728
535
173
1 482
1 316
5,314
1,688
33, 767
1,522
3,732
893
646
4,407
533
2,105
703
695
870
5,654
12,007
4,775
32 138
1 771
3, 343
855
583
3 895
599
2 423
655
618
755
5,171
11,469
4,271
32 151
2, 297
2,448
782
580
3,919
589
1,980
793
790
808
5,879
11,285
3,757
3,870
4,704
146, 539
36,097
110, 442
2,784
2.365
23,083
82,210
144,013
35,147
108,866
3,427
2,388
21,934
81,117
143, 691
35,143
108,548
3,479
2,159
22,315
80,595
137, 718
34, 502
103,216
3,714
2,138
21,371
75,993
131, 280
35,983
95, 2G6
3,644
2,584
19,973
69, 095
1M, 288
38, 643
105, 645
4,046
1,931
19, 378
80, 290
88.4
87.5
87.1
85.9
85.2
85.1
5,111
143, 366
5,571
123,104
5 559
135, 593
5, 518
120,882
4,729
105,671
4, 408
98,557
4,444
101, 857
4,330
101, 735
14,925
224, 455
12,954
187, 773
15, 473
233,141
15,094
208, 273
14,154
190,934
13.343
175,987
13, 217
181, 229
13, 690
192, 319
T
r
r
503
177
1 265
1 267
4,525
1,316
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses §
percent of total..
86.4
r
85. 5
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities):
Number
Value__
Domestic, paid (50 cities):
Number ..
Value
.
CONSUMER EXPENDITURES
Estimated expenditures for goods and services:"
Total
mills. ofdol..
Goods
_
_.
Services (including gifts)
do
Indexes:
Unadjusted, total
- .
_
i935-3Qminn
Goods
do
Services (including gifts)
do
Adjusted total
do
Goods _
._
do
Services (including gifts)
do
26, 260
17, 930
8,330
30,056
21, 775
8,281
28,077
19, 515
8,562
178.7
191.5
156.1
180 2
193.4
156 9
204.5
232 6
155 2
191 6
212.4
155.2
191.0
208 5
160.4
205 3
231.6
159.1
30,165
21, 610
205. 2
230.8
160. 3
203.2
227.7
160. 2
RETAIL TRADE
All retail storesrf
8, 203
7,473
7,124
6, 695
6,430
6,398
7,181
8,489
Estimated sales, total
mill. of doL_
7,926
7, 736
7,671
7,707
' 8, 556
r
1,722
1,267
1,108
1,060
1,138
1,161
1,315
Durable goods store.
._ .
946
do
1,554
1,608
1,611
1,430
1, 770
377
682
357
321
Automotive group
„.
344
326
327
286
551
do
577
609
454
r 091
562
261
246
222
193
219
236
205
Motor vehicles..
do
452
426
484
560
333
120
93
108
Parts and accessories
108
121
98
116
111
125
125
125
121
'132
545
475
363
401
440
381
541
"do
525
381
401
540
516
r 571
Building materials and hardware
349
284
215
262
244
295
228
248
Building materials
325
312
336
..do'362
322
52
45
41
40
38
50
38
36
63
57
do
62
58
58
Farm implements _.
143
129
Hardware
_
._
112
98
112
130
100
99
142
152
do
147
151
145
334
410
283
273
284
224
361
Homef urn ishlngs group
.
306
392
386
377
362
418
281
223
233
265
196
210
275
259
248
"do
171
268
286
285
Furniture and housefurnishings
77
73
53
74
96
86
Household appliance and radio
129
60
111
..do
95
105
118
132
77
74
82
72
88
246
110
84
Jewelry stores
86
99
101
91
do
89
5,587
6,206
5, 452
5,986
7,174
5,370
Nondurable goods stores. .
6, 480
6,020
6, 060
do
6,318
6,181
' 6, 786
6,277
576
760
Apparel group
566
656
784
986
555
781
791
713
731
do
-719
814
129
164
125
Men's clothing and furnishings
131
150
207
275
208
173
186
166
do
195
193
355
274
275
382
244
Women's apparel and accessories
. do .
308
340
421
312
326
355
-"322
375
153
83
75
98
101
80
Family and other apparel
do
92
113
114
95
111
105
107
137
132
90
90
116
100
108
118
Shoes
.
do
108
119
130
139
' 127
do
274
262
283
296
293
255
375
299
Drug stores
242
256
287
284
300
1,024
1,009
943
989
951
880
988
1, 073
Eating and drinking places
do
1. 054
953
968
1,018
967
1,823
1,915
1,927
2,019
Food group
.
do 1,724
1,769
1,996
1, 713
1,978
2, 004
1,780
1,880
'r 2, 287
1,452
1,512
1,297
1,492
1,527
1,375
1,456
1,502
1,298
1, 349
1,355
1 , 748
Grocery and combination
do
1,408
475
425
459
486
502
414
469
416
538
431
472
507
448
Other food
.
dn
325
312
310
340
Filling stations....
300
320
282
296
276
278
296
270
297
..do—
f
p Preliminary. Revised. § See note marked " § " on p. S-6 of the April 1943 Survey in regard to enlargement of the reporting sample in August 1942.
*New series. The series on consumer expenditures, originally published on a monthly basis in the October 1942 Survey (pp. 8-14), are now compiled quarterly only (data are
quarterly totals) and have been adjusted to accord with the annual totals shown as a component of the gross national product series; for dollar figures for 1939-40 see p. 13, table 10,
of the April 1944 Survey and for 1941-44, p. 8, table 6, of February 1946 issue; data in the latter table and those above are on a revised basis, they differ from figures published in the
January 1946 Survey and earlier issues owing to the inclusion of expenditures of military personnel abroad in the total and services (dollar figures for this item are given in the footnote to the table on p. 8 of the February 1946 Survey): indexes beginning 1939, both including and excluding expenditures of military personnel abroad, are available on request.
fRevised series. For revised data (dollar figures and indexes) on sales of retail stores for January 1943 to June 1944, and earlier revisions for a number of series, see table on pp.
19 and 20 of the September 1945 Survey (corrections for p. 19: March 1944 indexes—building materials and hardware stores, 143.0; jewelry stores, 460.7; June 1944 index for apparel
stores, 201.0; 1940 dollar figures, all retail stores—January 3, 198; February, 3,108); except as given in this table or indicated in footnote 1 thereto, data for 1929, 1933, and 1935-42 are
correct as published on pp. 7 and 11-14 of the November 1943 Survey. Data have been revised beginning January 1945, largely to adjust the estimates to sales tax data for 1945; revisions for January-April 1945 are shown on p. 24 of the August 1946 Survey (data beginning May 1945 were revised in the July 1946 issue).
SUEVEY OF CURKENT BUSINESS
S-8
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
September
November 1946
1945
September
October
Novem- December
ber
1946
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
RETAIL TRAD IS-Continued
All retail storesf—Continued.
Estimated sales—Continued
Nondurable goods stores—Continued
919
1,105
874
1,196
1,577
899
1,203
1,118
General merchandise group
mil. of doL.
1,154
1,193
1,136
1,022
734
809
1,017
810
566
Department, including mail order
do
588
754
762
748
791
640
General, including general merchandise with
117
128
139
130
152
111
110
128
134
141
food
mil. of dol—
140
140
100
115
120
173
92
124
90
110
119
120
Other general mdse. and dry goods
do —
112
119
113
129
137
235
104
131
110
125
132
134
131
144
Variety
do
778
687
790
993
793
821
779
844
842
773
822
Other retail stores
do
841
209
208
198
203
191
205
207
242
238
232
207
Feed and farm supply
do
250
144
128
168
195
13fi
123
178
151
114
89
125
Fuel and ice
do —
118
148
159
225
135
148
136
150
137
149
153
146
Liquors
do
153
277
294
402
260
333
237
315
335
331
258
302
Other
do —
321
Indexes of sales:
203.7
227.2
215.0
215.2
260.1
206. 5
225.9
266.9
Unadjusted, combined index
1935-39=100.240.2
242.3
235.2
242.4
125.5
149.8
137.2
168.1
137.6
228.1
Durable goods stores
do
143.2
157.2
179.0
200.1
200.0
199.7
229.2
252. 4
240.3
290.1
228.9
279. 5
Nondurable goods stores
do
238.7
248.3
260. 2
256.1
240. 7
256. 3
195.2
220.1
207.8
216. 8
237.6
258.6
Adjusted, combined index
do
243.3
241.6
236.2
238.7
247. 5
236.9
139.4
156.5
148. 4
153,6
168. 3
Index eliminating price changesdo...
158. 3
172.6
170.1
164. 7
162.6
158. 2
163.8
121.7
142.5
132.2
141.1
166.1
221. 4
Durable goods stores
do...
172.0
173.5
189.8
180.2
201.0
187.0
67.5
80.7
74.9
72.9
88.5
159. 4
A utomotive
do - - 87.7
89.6
122.4
134. 6
108.0
129.0
169.9
190.2
182.2
199.8
247.4
256.1
262.1
257.8
Building materials and hardware
do...
235.6
246.3
250. 2
2330
179.5
223.9
197. 5
225.2
248.0
329. 6
Homefurnishings
do—
260.0
265.7
296.9
260.7
298.4
262. 5
346.6
375.5
354. 4
379.1
394.7
421.9
412.3
429.2
Jewelry
do - - .
397.8
445. 4
417.5
402.4
219.2
245.4
232.5
241. 5
260.9
268.1
266.6
263.8
Nondurable goods stores
do —
254.7
262.6
254.4
253.2
238.9
2^9.7
260.9
251.1
289.3
299. 8
317.7
320.8
290.2
Apparel
do...
291.5
284.5
269.1
201.6
224.4
213.3
249.5
240.6
242.0
243.2
242.8
251.0
240. 4
Drug
do —
246.3
247. 3
353.8
397.6
376.8
376.6
418.9
295. 5
415.8
401.0
392.3
387. 6
389.1
Eating and drinking places
do.—
389.5
214.7
235. 6
226.1
240.8
252.0
262. 6
246.4
239.3
244.6
251. 9
245.3
248.9
Food
do —
130.8
134.9
135.3
140.2
164.9
146.9
164.5
139.0
155.4
140. 6
144.
2
139.8
Filling stations
__ __do.._177.1
200.0
188,0
191.6
209.4
237. 9
237.2
225.0
232.6
232.9
222.1
222.3
Gencral merchandise
do...
243. 4
278.7
256. 9
276.0
292.2
295.
8
303.2
268.
8
299.1
288.1
275.4
271.5
Other retail stores
do...
6,722
6,826
6,788
5,825
5,974
6,229
7,114
6,542
' 7, 439
6,771
6,982
Estimated inventories, total*---.
mil. of dol_. ' 8, 398 1,969
1.892
1,935
1,620
1,714
'2,319
1,864
2,016
2,039
2,101
2,186
Durable goods stores*
- - d o — ' 2,648
4, 753
4, 934
4, 853
4, 205
4,260
' 5,120
4,365
4,881
4,928
4,526
4,732
Nondurable goods stores*
_
. . . d o — ' 5, 750
Chain stores and mail-order houses:
1,319
1,516
1, 557
1,911
1,415
1,375
1,651
1,715
1,679
1,650
1.599
1,663
Sales, estimated, total*
do —
28
30
33
41
35
32
38
41
44
42
45
43
Automotive parts and accessories*
do—
58
70
59
43
55
74
52
58
64
64
64
68
Building materials*..
do—
14
20
21
25
15
17
20
22
21
22
21
23
Furniture and housefurnishings*—
-do—
175
161
210
211
265
213
162
228
250
224
171
208
Apparel group*
do — ..
26
25
40
36
41
39
24
34
38
36
24
34
Men's wear*
do—
86
81
102
101
133
96
83
121
105
123
84
100
Women's wear*
_.do.—
49
41
50
56
69
60
43
53
65
50
68
57
Shoes*
do55
62
60
61
91
66
61
65
67
65
68
68
Drug*
do—
44
48
48
46
49
50
44
48
50
50
49
48
Eating and drinking*
do. — .
390
464
482
426
511
447
486
442
504
479
467
490
Grocery and combination*
do —
345
339
492
422
445
425
601
337
449
446
439
465
General merchandise group*
do...
Department, dry goods, and general merchan278
234
196
245
324
259
176
175
259
242
237
254
dise*
mil. of dol.
91
67
73
63
59
65
65
61
84
59
Mail-order (catalog sales) *
do —
77
42
113
112
119
203
90
114
116
95
113
Variety*
do—
124
108
Indexes of sales:
179.5
198.4
212.4
250.2
220.0
189.6
198.0
213.3
226.4
Unadjusted, combined index*
1935-39=100.
244.2
220.8
212.9
175.3
188.5
201.9
198.1
223.4
225.8
216.9
238.3
Adjusted, combined index*
do—..
230.8
218.0
218.6
230. 6
156.8
167.2
191.2
207.0
227.0
237.8
Automotive parts and accessories*
do—
224.4
229.7
227.2
240.0
224.9
216.0
174.5
198.8
202.3
195.4
233.3
243.8
224.0
270.1
239.5
Building materials*
do—251.1
225.8
225.4
132.7
151.0
165.3
202.0
166.1
182.3
206.0
193.9
197.8
204.4
225.5
Furniture and housefurnishings*
do...
232.4
223.6
247.0
284.8
263.0
234.6
298.6
278.1
315.4
328.2
272.9
254.1
Apparel group*
do —
270.5
200.0
321.6
245.3
224.4
187.9
215.0
250.8
241.1
253.7
231.2
Men's wear*
do...
264.6
240.5
358.5
311.6
332.8
339.0
305.6
399.2
343.2
333.6
380.3
Women's wear*
do —.
414.8
471.8
357.9
191.0
148.9
161.3
212.1
190.8
245.0
230.2
173.3
258.6
186.8
219.2
199.1
Shoes*
do—
225.3
187.3
195. 2
206.5
228.1
226.1
211.5
221.1
225.9
220.0
216.1
229.6
Drug*
..do209.5
185.1
192.6
196.2
224. 3
185.5
209.8
2U9.5
210.3
206.6
216.5
208.4
Eating and drinking*
do.-.
243.9
179.8
193. 7
226.8
206.9
214.6
222.9
217.4
213.2
217.9
217.4
213.3
Grocery and combination*
do..244.9
166.4
242.0
179.7
194.6
179.8
222.3
222.2
222.6
222.3
224.8
General merchandise group*
do—
241.5
Department, dry goods, and general merchan203.5
251.1
261.4
279.
189.0
224.8
207.2
254.2
262.5
dise*
1935-39=100,
251.0
283.9
272.6
128. 4
250.5
119.8
222.8
184.4
149.4
212.9
127.9
208.0
243.4
196.7
222.5
Mail-order*
do..188.6
169.6
155.7
172.2
177.3
180.1
181.8
184.1
183.0
189.3
Variety*
do—
163.8
193.5
Department stores:
Accounts receivable:
45
41
'32
36
45
44
45
Instalment accounts!
-.1941 average=100.
43
50
46
45
113
108
Open accounts!
do100
114
126
129
145
85
119
133
Katio of collections to accounts receivable:
' 36
'41
32
31
40
36
35
Instalment accounts!
percent 35
34
34
33
32
63
66
61
67
61
63
56
Open accounts§
do —
60
64
62
60
57
209
230
179
273
352
277
Sales, unadjusted, total U. S.f
1935-39=100.
207
255
238
248
253
208
279
307
246
348
466
374
292
315
336
313
Atlantaf
do—
307
275
176
196
147
225
323
236
223
156
197
Bostonf
---do—
211
157
216
197
213
167
320
268
254
193
242
226
Chicagot
do —
234
245
198
199
224
167
338
251
264
194
254
237
Clevelandf
do...
203
243
257
'290
318
248
467
397
352
299
335
Dallasf
._-do —
316
313
322
'290
239
253
199
366
311
286
238
255
273
Kansas Cityf
do—
272
265
239
207
210
158
305
288
243
183
235
223
Minneapolisf
do —242
'239
236
171
196
155
307
214
235
174
219
206
221
New Yorkf.
do...
214
158
178
208
158
327
243
255
Philadelphia!
do —
174
219
228
175
222
228
239
271
197
399
319
'316
281
227
264
219
274
266
Richmondf
do_.
234
255
192
365
303
316
236
264
281
272
274
234
St. Louisf
.
do.—
254
214
407
321
*>326
r244
266
253
258
287
284
San Francisco
do—
288
r
Revised. §Minor revisions in the figures prior to November 1941 are available on request. » Preliminary.
•New series. Revised 1940-43 dollar figures and indexes for total chain store sales and furniture and house furnishings, 1942-43 indexes for all series in the general merchandise group
except mail-order, and scattered revisions in the 1942 or 1943 data for a few other series are available on p. 20 of the September 1945 Survey. Except as given on that page, data for 1929,
1933, and 1935 to March 1943 are correct as published on pp. 15 to 17 of the February 1944 Survey. Data for grocery and combination stores and the total (dollar figures and indexes;
have been revised beginning January 1945; revisions for January-April 1945 are shown on p. 24 of the August 1946 Survey. Data beginning 1939 for the estimates of retail inventories will be published later; data shown in the Survey beginning with the June 1944 issue are comparable with estimates published currently.
fRevised series. See note marked "f" on p. S-7 for sources of data through June 1944 for sales of all retail stores; and revised figures for January-April 1945. The indexes of department store sales for the United States and the indicated districts have been revised for all years. The revised Boston index is from the Board of Governors of the Federal Reserve
System. Revised data beginning 1919 or 1923 for the United States, Dallas, and Richmond are published, respectively, on p. 17 of December 1944 Survey, p. 20 of February 1944, and
p. 22 of June 1944 issue (further revisions in the 1943-44 data for Richmond and the 1942-43 data for the United States are in footnotes on p. S-8 of the March 1946 and April 1946 issues).
Complete data f ir other districts will be published later (see also note in April 1946 issue regarding recent revisions in the New York and St. Louis indexes). The adjusted indexes for
Kansas City, Cleveland and Atlanta have recently been revised beginning 1938; these three series are shown on the revised basis beginning respectively, in the June 1946, September
1946, and the October 1946 issues.
SURVEY OF CURRENT BUSINESS
November 1940
1946
Unless otherwise) stated, statistic* through 3(941
and descriptive notes may be found in the Septem- Septem1942 Supplement to the Survey
ber
ber
S-9
1946
1945
October
Novem- December
ber
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
R E T A I L TRADE—Continued,
Department stores—Continued,.
269
Sales, adjusted, total U, S.t_._. —...1935-39=100..
367
Atlantat—
~~———..-.._
..-._do._.225
Bostonf
.—
—.
_—do
263
Chicagot-—------_-.„
»
_do ...._,
249
Cleveland!
.
„„
,.do
Dallasf
——..._...
— . . . . - d o . . . __
321
Kansas C i t y f - . . - -_....__-.,.__-....-_
do....
265
Minneapolisf..--—--—.--.—
-_.—__. . d o _ 202
New Yorkf.
_.,._
„_„
..._do...._
23S
Philadelphiat
. — . — — —...—-..-.-.-do..._j
298
Richmond!------._.„_. „„_...._--.-.—.do
313
St.. Louisf.._.___....
........ ............do....
*>313
San Francisco . - . _ . _ _ _ . . . . . . . . . _ . . . . - .
do....
Sales by type of credit;*
Cash sales.-.
. . . . . . . . . . . . p e r c e n t of total sales..
Charge account sales.
.....do
Instalment sales
.-..do
Stocks, total U. S., end of montn:t
250
Unadjusted
..........1933-39-100..
22G
Adjusted
.....
.._do..-._
Other stores, ratio of collections to accounts receivable,
instalment accounts:*
Furniture stores
.
,
percent,..
54
Household appliance stores.
._.
._-.-.
do.-__
30
Jewelry stores
.do
Mail-order and store sales:
Total sales, 2 companies—
—...-thous. of dol._ 242, 461
Montgomery Ward & Co
___
do,....- 94, 005
Bears, Roebuck & Co
..,
d o . — 148, 456
Rural sales of general merchandise:
340. 3
Total U. S., unadjusted
1929-31 = 100...
C2a 1
East
___—_..
..
.....do
•!*/.. 2
South
_,
.
„,....._.,._.__._do
Middle W e s t . . . . . . _ — . . . _
.....do
Far West.
...do....
Total U. 8., adjusted
,.
..—..
do
East.
_.„..__
_
do
South
_„
._
...
do
27s». 7
Middle West.
.
.
.....do....
32/. 7
Far West;
_
,.dc_-..
WHOLESALE TRADE
213
286
177
199
209
289
241
190
172
184
248
238
245
225
290
183
208
212
288
238
203
182
202
251
240
273
216
297
188
206
218
287
244
199
179
184
237
239
256
228
308
186
209
220
306
249
212
194
205
262
234
269
254
331
200
241
236
339
261
236
210
221
283
281
300
263
328
218
243
246
336
275
246
232
244
294
286
297
250
327
210
237
244
352
273
224
219
224
276
267
291
256
329
213
234
256
342
289
252
226
232
276
277
305
275
365
232
253
273
368
288
248
240
253
303
305
315
273
343
227
254
260
' 381
281
253
236
254
307
300
'322
64
32
4
63
33
4
63
33
4
64
32
4
65
31
4
62
34
4
60
36
4
60
36
4
59
37
4
59
37
4
61
35
4
60
36
4
184
166
185
164
179
165
136
158
146
167
158
171
172
177
188
189
200
200
205
' 211
'223
-•223
'238
'221
23
49
30
27
52
31
27
51
35
24
48
46
25
52
32
24
52
29
27
54
32
28
56
32
27
55
33
136,930
55,174
81, 757
184, 704
77,295
107, 409
196,052
77,013
119,040
218, 216
83, 232
134, 984
158, 852
53,007
105, 846
150, 292
55, 231
95,061
207,055
78, 454
128,601
209,843
80,073
129, 770
211,418
85,065
126,353
195. 3
118. 5
281. 3
106. f>
230.2
184.7
171.4
254.8
162. 5
196.8
246.5
249. 6
357. 3
208. 7
255.1
189.7
193. 9
241.1
164.3
212. 4
275. 7
279.3
396. 3
230,0
317.2
211.9
216. 7
288. 7
175.4
261.5
267.8
246. 0
370.2
226. 0
330. 1
167. 5
147.7
246. 5
144.9
202.2
20S.7
209,3
300.4
177.1
220.1
274.2
275.4
379.8
231.5
299. 5
227.1
218.2
348.1
195.3
222.7
280.7
266.7
381.7
245. 7
300.9
303. 4
313.2
449.1
261.9
280. 3
345. 5
348.8
497.4
295.6
340.6
283.7
277.0
374.1
243.6
321.7
308.7
290.6
424.6
260.8
360.2
233. 8
217.6
311.2
190.4
283.2
254.7
237.1
366. 9
210.5
315.0
243. 4
236.6
322.4
210.0
294.1
267. 2
257.7
401.0
222. 4
308.6
214.8
189. 5
300.4
188.3
263.5
294.2
266.1
442.4
255.1
321. 4
288. 0
268. 0
394. 0
253,2
325. 2
352.1
336. 2
546.4
306.9
353.1
3, 3 "9
SI3
2, fiifi
3,89S
3.933
944
2,989
4,113
3,889
954
2,935
4,196
3.820
919
2,901
4,275
4,058
987
3, 071
4,258
3,786
966
2,820
4,254
4,055
1,076
2,979
4,375
4,183
1,180
3,003
4,413
4,351
1,234
3,117
4,458
4, 250
1,239
3,011
4,498
4,744
1,317
3,427
4,642
4,771
1,436
3, 335
4,809
290
365
246
281
286
381
300
'259
259
250
'308
330
'324
r
26
55
33
201,976 194, 503 232,811
75,428 j 72,667 91, 864
126,548 I 121,836 140,94.6
I
Service a n d limited function wholesalers:*
E s t i m a t e d sales, total
. . . . . . m i l . of d o L . j
Durable goods establishments. — . . . . . .
~-.do
!
Nondurable goods establishments....
All wholesalers, estimated inventories*
200
274
187
193
197
••276
239
191
161
175
225
232
'235
,
do.,...j
do.-.,}
4.8oO
1, 1?-3
3, -71
5,1'o
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
|
3,000
2, t"j-iO
2,380
4, 3X0
3,840
3, 4.30
C, 170
Armed forces*
.--......thous-.l
2.220
5,210
10,640
y, ISO
n,»'jo
7, 860
Estimated civilian labor force (Bureau of the Census):* j
59, 300
57, 630
00, 000
00. 400
55. 0(30
56, 900
53, 310 53, 710
63, 110
54,340
53,440
Labor force, total_.. _
, _ _ thous. _ 59. 44o 52,900
42, 830
40,310
40, 950
42,030
43; 000
39,370
38, 340
35, 280 36,130 37,550
i4, 250
34,500
Male.
d o . . . . I 42,170
17, 170
16, 290
16, 590
16. GSO
17, 270
17, 400
18,650
18, 520
IS, 160 17,180 16,160
Female.-..
clo
j 17,270
16,000
57, 960
55, 320
56, 740
58,130
54, 550
52, 950
51, 730 51, 360 51, 420
61,690
51, 250
51, .560
Employment
.__..__
,
.-do
57, 370
41,250
34,650 35. 790
38.420
39, 060
40,030
41. 240
33, 320
33, 660
34,100
37,170
36, 200
Male
.„.
— . . . . . ...do...... 40,590
16, 710
16, 710
16,890
16. 260
17,930
16, 710 15,630
15, 780
16,130
17,630
17, 900
15, 490
Female
...
. . . . . _ . . _ . . . . _ ..do
16,780
8,190
8.880
9,980
9, 940
9,130
7, 580
8, 420
7,190
Agricultural
...—_.
._
do...8,740
6, 760
6,990
8, 800
8, 7fi0
46,440
46, 760
48,190
46, 360
42, 450
48, 830
45, 370
42, 770
43,310
44,170 44, 660
44,700
Nonagriciiltaral—
..._.„
..do.....
48,630
2, 290
2,310
2, 560
2,270
2, 040
2,650
2,350
1,710
1,950
1, 550
2,710
Unemployment.-..
........_..____
...do.-..
2,070
1,650
F.rnpioyees In nonagricultural establishments:f
Cn uijusted • CT. 8, Department of Labor r
38, 633 ' 39,056 ' 39, 265 ' 39,881
37, 463 37,013
36, 509
37,469
38,121
i, 327
36, 779
Toral
. d o . . - . -K'.U?
13,059
13,048 I 13,110
13, 236
12, 536
13, 206
13. 776
13, 901 ' 14, 098 ' 14, 244 ' 14. 5S6
Maniifs.eiurirgdo _. j 11, 7'7
r
802
793
' S29
801
505
718
815
7M
Mining.- ._
_
. .fi'"». .
M-*>
810
808
'807
r
1, 042
1,132
1,742
1,976
1,014
' 2,109
1.260
1, 517
1,874
1,345
<"un«tructKn. ..._
Oo . .
?, C ( *
3, Wo
' 3, 902
' 4, 000
3, 896
3, 873
3, 930
3,919
3, 897
3,907
'3,917
Transpf'rt^tVn and public »*ntfie3
_ J* > . 1
'.'>,'~<\
Xs 1
3,871
7,331
7, 959
' 7, 803
7,481
7, 505
7,617
7, 759
7, 724
' 7, 749
' 7,747
i rar?p
_
„„"!'> _ | 7,12'
7,571
r
4,936
5,134
5,152
5, 076
5,140
4, > 03
5,160
5,131
rinaucial, service, an-.l miscellaneous
_do~
) •' l'>
4, 984
5,031
4, 845
5,769
5,
473
5,462
5,
494
5,
502
5,541
5,480
'
5,
369
5, "01
Government
.
.....do
I ", i-"1'
5,394
5, i#3 !
6, 575
Adjnsf^d (Fedtr^l Rrsorvo).
37, 016
37,931
38,335
38, 663 ' 38,947 ' 39, 100 <- 39, 699
36, 538 36, 813 37, 471
Total
do _. | :<u, ' < "
13, 059 13, 236
13,536
13, 272
13,848
13, 995 ' 14, 098 ' 14,173 r 14,513
13,110
Manufacturing
. ._ -.____
Ou . . ' i!.«;'i
793
801
508
717
'815
'825
789
Riming
_..do . . ,
fc-i
' 811
814
812
r
1, 085
C o n s t r u c t i o n . . .__
do _._i
1' '
1,953
1, 230
1,385
1, 462
1, 597
1,708
' 1,837
984
' 1,882
3,916
3, 956
3,987
3,990
3, 939
3, 873
' 3, 903
' 3,878
'3,941
3,871
Transportation a")d p\i£>lip utiiitib"
rio. __i L.,''I
7, 763
7, 335
7, 673
7.697
7,775
7,757
' 7, 905
' 7, 962
7,315
' 7, 788
Trade
_ lo . . '
\ u ±
»l\e* ised.
* I'^linupary
*New penes. For (] Ua b'yini'n.r Jui e U'tS icv the sciics on dcp^itmcnt story < r^«ilt, see p. S-9 ot August 1944 Survey; data beginning 1941 will be published later. Data begin•)iT.g February ] U foi * 1 " r.-llt >jrjo;i mi >V f'>: f:iiui;nr«. ,v\s ol/y, an 1 IIPU •< h ^ api Hance stores- are.on p. S-8 of the April 1942 Survey; data back to January 1940 are available on
rvquo>t. Annual «sn«:' ii^s uf wholesale sales rwinn'Kir I'M are available on p. 22 of the February 1945 Survey and p. 32 of the February 1946 issue and monthly figures beginning
Ji'iie 19n are on p S 9 • f the \u«iust i<>u nn I uit(ir '--\u r-. for ef rnu'ir^s of wboh SHKTS' inventories for 1938-42, see p, 7 of the June 1942 Survey and p. S-2 of the M a y 1943 issue. Esti»r»atos» of civHijin hi^o* force f^r lii40-lt»-!3 arc Avr, r. .m p. 2.-. of rn> F« i bnar> l'Ji."> issue (see note 1 on p. S-9 of the April 1946 Survey with reference to revisions in progress). Data
'"o" a r m c l '< r<~e<* ihrcMpM Jtiiu* I'-if- \\ from rhc W n T)-.r utint-rn of I abor and are as of the first of the month; data beginning July are from the Bureau of the Census, based on first
'A ' h o m o n t h Opim-J pr-'jectH \"> tht nd of ?f 0 <"oi i i :-. ^^ck for tiif1 ("fvihr.n ^ -.b'r l^rce data; officers on terminal leave are excluded beginning September; all data are based on rep o r t s f - . i p f)u» \ V a r M> ! l \ " v I Jo
t Kevjsp,} & rio*. ?^ noio *nyrk< I "f" n * ;*• & v r""r.rdinu i c , i =i MIS I.I t h e UKIPYPS of d e p a r t m e n t store sales. T h e i n d e x of d e p a r t m e n t s t o r e s t o c k s h a s b e e n c o m p l e t e l y r e v i s e d ;
ro\ b « l d a t a »"oi liL
' V"*— 1 "> a i " -' < \vn on
> 21 < f \ u jruft H'l'i ° n : \ e \ . T h e i\;i i m a i e ^ of e m p l o y e e s in n o n a g r i c u l t u r a l e s t a b l i s h m e n t s h a v e been r e v i s e d b a c k t o 1929; d a t a for 1929-4:3 for
tno Una lju^to i s( r!es, o \ c e ; a •• a-iu^-'' • . i . ' a«nl t h e l o t a i , <i i l (S T t(».ifi ,(2 for t h o - e t w o series, a r e a v a i l a b l e ou p . 24 of t h e J u l y 1945 S u r v e y ; t h e m a n u f a c t u r i n g series h a s r e c e n t l y
beep i' s \ Is."d b^uir/f i n ? Ja» "r.r^ 19"i f ) a ijt-^J L l ' rt e-ti unio * t o H n i H 'i-at>i froin t n e F e d e r a l S e c u r i t y A g e n c y a n d t h e t o t a l c o r r e c t e d a c c o r d i n g l y ; d a t a for J a n u a r y 1943-June 1945 for
t h e ' pjwijustv""'
: i ' ^ a' c for Jftrnipr;* r."5'«-JuT " ' ' - i n U>J " ' L a .." >u-i) ^ - i ^ f^r m a n u f a c t u r i n g a n d t h e t o t a l will b e p u b l i s h e d l a t e r . D a t a b e g i n n i n g M a r c h 1943 for t h e adjust*']
seik"* " t . I T tiian ruin'jf.i t " i r f a^ ' •! o t o * ° ! *ie » t - i p ' . p l ; . ! " - ! iv trio J u n e 1941 S u r v e y a n d later issues; d a t a b e g i n n i n g J a n u a r y 1939 will b e s h o w n l a t e r .
716061—46
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistic* through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
September
November 1940
1945
September
October
1946
Novem- December
ber
January
February
March
Aprii
July
May
June
11,216
5, 583
1,320
•11,412
r
5.713
T
1,351
j August
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Estimated production workers in manufacturing industries, total (U S. Dept. of Labor)*
thousands.. 11,985
6.103
Durable goods industries
do
Iron and steel and their products
do
1,450
Blast furnaces, steel works, and rolling mills
thousands..
537
Electrical machinery
do
Machinery, except electrical
_.do
Machinery and machine-shop products
do
Machine tools§
_do____
Automobiles
do
Transportation equipment, exe. automobiles.do
450
Aircraft and parts (excluding engines)§
do_.__
Aircraft engines?...do
Shipbuilding and boatbuilding!
_do
398
Nonferrous metals and products
do
631
Lumber and timber basic products
do
Sawmills (incl. logging camps)
do....
391
Furniture and finished lumber products
do____
Furniture
do_..__
410
Stone, clay, and glass products
do
Nondurable goods industries
do.._.
5,882
Textile-mill products and other fiber manufactures
1,200
thousands...
Cotton manufactures, except small wares.__do
Silk and rayon goods
do
Woolen and worsted manufactures (except dyeing
and
finishing)-.._
thousands..
1,065
Apparel and other finished textile products. ..do
Men's clothing
,___
_
.do
Women's clothing..
do
349
Leather and leather products
.
do
Boots and shoes
_..do
Food and kindred products
.do
1,128
Baking
.
do
Canning and preserving
„
do
Slaughtering and meat packing.......
do
SO
Tobacco manufactures
....do
Paper and allied products...
_____do
306
Paper and pulp
..do
Printing, publishing, and allied industries
do
387
Newspapers and periodicals
do
Printing, book and job
do
4S2
Chemicals and allied products
.
do
Chemicals
.do
Products of petroleum and coal...
do
Petroleum refining
______
do
Rubber products
_
do
Rubber tires and inner tubes
.do
Production workers, unadjusted index, all manufactur146. 3
ing (U. S. Dept. of Labor)t-—
....-.-1939-100.
169.0
Durable goods industries
do
Iron and steel and their products
..do.
146.2
Blast furnaces, steel works, and rolling mills
1939^100 .
Electrical machinery
do
Machinery, except electrical
do
Machinery and machine-shop products
do . . .
Machine tools.
.
do
Automobiles
do.
Transportation equipment, exc. automobiles.do
Aircraft and parts (excluding engines)!
do..
Aircraft engines!
._
do..
Shipbuilding and boatbuilding!
do..
Nonferrous metals and products
do
Lumber and timber basic products—
do
Sawmills
do
Furniture and finished lumber products
do. ...
Furniture
-do
Stone, clay, and glass products..
...do
Nondurable goods industries
do
Textile-mil] products and other fiber manufacture?
1939=100.
Cotton manufactures, except small wares.__do__.
Silk and rayon goods
do
Woolen and worsted manufactures (except d y i n g
and
finishing)
— 1939=100.
Apparel and other finished textile products.._dn._.
lien's
do
M
' clothingl
t
h
i
d
Women's clothing.-.
d.>
Leather and leather products.
do
10P. $
Boots and shoes
_.
do
jFood and kindred products
do. __| 132.0
Baking...
_
d o . . . i.
Canning and preserving
..d<>
Slaughtering and meat packing.
do.._
f
10, 529
5, 234
1,240
10, 450
5. 15 i
1,241
10, 503
426
467
90U
330
58
460
667
127
29 i
432
479
911
325
52
525
573
121
27
368
305
476
192
307
131
319
286
359
484
193
321
136
313
5, 299
5. 323
1,051
407
85
1, 057
1.063
404
85
399
85
136
911
181
202
305
165
1,183
251
237
127
83
312
142
324
113
133
496
112
131
88
165
72
140
928
180
205
143
930
177
313
170
1,116
253
168
127
86
321
146
336
115
139
486
109
131
89
187
88
.128. A
144. 9
125.1
127. 6
142. 6
125. 2
108.8
171.5
172.7
164. 6
163.1
105. 9
496. 5
394. 5
372. 2
643. 3
131 2
120. 8
72. 1
92. 4
80.6
105.7
115.6
109. 7
ISO. I
172.1
163, 2
158. I
Hi. 4
420. 4
319.9
331 1
531.8
133.0
113.3
66. 5
93. 7
82.0
108. 8
115.7
91.9
102. 8
70.9
92 4 ,
102.1 i
71.1 !
422
445
913
333
CO
420
788
157
33
445
301
508 j
208 I
303 I
128
310
6, 295
91.3
115.3
82. 5
74. 4
88. 0
75. 5
138.4
108. 8
176.3
105. 0
n. 5
117.5
82. 4
9(13
13(i 6
109.6 |
124.8 '
105.3
10. 519
5, 097
1, 294
10, 666
5. 205
1,308
446
484
914
325
53
S88
536
121
22
265
326
499
197
336
113
320
5, 422
449
476
956
334
10, 639
4,999
1, 268
11,130
5.474
1,334
416
516
119
21
219
333
514
202
348
150
3.S5
5, 461
170
348
833
295
58
401
469
118
21
228
291
521
202
355
152
356
6, 556
467
367
880
314
57
447
459
117
22
219
316
534
207
361
3 54
367
S, 640
466
445
948
344
60
623
486
121
26
213
337
568
215
366
157
1.113
424
87
1,127
429
88
1,157
437
89
148
938
177
204
330
178
1.C7S
253
107
14 C
82
33"
153
355
122
146
4S8
113
140
149
956
181
207
338
182
1,051
254
93
153
SI
341
157
359
122
149
4S9
115
154
993
187
214
348
187
1, 045
2K{
96
V09
09
12S.2
143.5
126.6
12S. 4
no 2
l."n\"
J44. 1
j3J . 9
113. 1
1H. '1
IN). 9
172.0
5,180
1, 255
203 I
1,085
254
326
347
120
487
111
139
95
194
91
1819
172.1
160. 7
142.4
130. 5
361. 3
305. 0
300. 3
413.0
139. 3
115.0
67.1
"4°
l-.l.'»
1.-.8 6
K'i 5
I'.Jh 9
Z'-i"
9
239. 7
3 "9. 6
3 4'2. 2
J IS. h
85^3
10f). 5
110.2
6S. 5
102. '•)
9n. 1
109 1
US \
92. 9
100. 7
70. 5
97 3
107. 0
72.7
95. 8
117.8
81.1 '
74. 8
92. 0
79 6
12?; 0 j
110.21
192. 7 i
110. 0 I
118.9
si. 1
75.1
95. 2
81.6
126.2
100. 8
79. 8
122.0
!22'3
70 0
li .0 o
91.0
114 3
119 2
:-8 6
9rt 9
12'. 0
82 6
76. 3
97.4
83. 5
1 lu. 2
CS. 8
9,989
4,417
843
5, 656
365
157
378
5, 633
453
501
1.011
348
59
663
462
126
26
183
365
594
227
374
160
3S7
5,099
1,176
442
90
1,183 I
443 !
90
1.185
443
91
3,199
448
92
159
1, 018
191
218
356
193
1,023
247
92
139
85
357
164
374
128
154
493
118
146
97
220
104
159
1.013
' 192
213
356
193
1,009
239
95
136
85
359
165
160
1.031 I
348
160
367
125
153
491
115
142
96
214
101
158
1,016
190
219
355
192
1, 034
255
85
147
82
353
162
372
127
154
494
115
145
97
220
104
121.9
122.6
85.0
129. 9
338, 4
127. 9
135.9
151. 6
134.5
136.9
' 139 "
154.6 ! r 15S. 2
133.1 j ' K0. 2
43.7
134. 2
157.2
145. 8
159.5
103.0
294. 4
296.2
239.0
328. 7
126,8
124, 0
70.2
108. 1
95.4
121.4
121.4
120.3
141.5
166. 5
155.1
156.4
111.2
289. 3
294. 4
252.2
315. 7
137. 9
127. 0
71.7
109.9
97.0
124. 9
123. I
119.9
171.5
179. 3
170.0
162.3
114.7
187. 3
187.0
170.6
161.1
161.8
29S. 1
311.2
294. 0
279. 0
151. 4
137.0
77.0
111.4
98. 4
128. 9
123. 0
116.6
193.3
191.3
371. S
!
'u
101.2
110.4
74.4
102. 8
111.7
103. 4
112. 0
75.4
103. 6 I
111.9
!
•' t.,\
103.1
125. 8
85. 3
78. 7
100. 4
85. 8
122. 2
109.7
66 6
125.5
105.9
128.6
86. 8
80.4
102.4
87. 9
121.0
110.3
63. 2
122. 0
106. 6
128. 9
87.4
80- 1
102. 5
88. 5
119.8
107.3
68.4
115.2
106.7
128. 3
87.8
78 2
102! 6
88.4
118.1
103. 5
70.4
112.9
3ft7. 3
151
81
306. 4
303. fl
293. 1
306. 9
146. 9
132.6
74. 7
111.5
98.4
128. 4
123. 5
445
485
988
345
59
651
473
124
26
193
347
•11. 552 ' 3 1 ,
r
5
r 5, 828
'1,390
470
504
1,027
352
59
699
461
129
175
r
378
603
229
376
3 61
390
" 5, 724
1,183
445
155
999
192
' 195 I
213
358
191
1.017 j
379
130
156
476
118
149
99
225
106
129
153
481
117
145
98
221
105
193
1.102
234
' 184
123
85
361
166
3 S3
130
160
881
997
433
481
520
' 1 051
357
61
r 731
r 453
135
28
159
392
r 625
235
r 388
r
5
r 1
r 1
165
404
884
197
452
93
156
049
197
212
354
191
r 1 3 66
207
138
86
366
108
131
159
475
117
152
100
227
103
3 00
218
r 1 1".O
r "• .0. L
!1.5
1:?,. s
- L
!
1
1
T
in. 9
V'-?>. 1
'J°0 8
2;»1\ 3
r v
-! n
»."f).O
ill. 3
1111
30'1. 6
i:sr: n
1
!..! J
1 i k 5
](•>. i
13::. »
:;
0
•J'O.
7^
J'-!_
1
'71. i
30". 1
>p
jf
1 v'2
•j
!•;
lio! 0
!4
•j;.]
r
s.
«;
r 1 "'
Revised.
§ For 1941-43 data for shipbuilding see p. 19 of December 3944 Survey: 1938-44 data for aircraft and aircraft engines are on p. 20 of the August 1945 issue. For data for December
1941-July 1942 for machine tools, see note marked " t " on p. S-10 of the November 1943 Survey,
• New series. Data beginning 1939 for the estimates of production workers for individual manufacturing industries will be shown later; data published in the Survey beginning
with the December 1942 issue, except as indicated in note marked " § ' \ are comparable with figures published currently. Data for 1929-43 for ail manufacturing, total durable goods
and total nondurable goods industries, and the industry groups arc shown on p. 22 of the December 1945 Survey, and revised data for January 1944—February 1945 are on p. 24 of
the July 1946 issue.
t Revised series. The Indexes of production-worker employ merit and of production-worker pay roll? (pp. S-12 and S-13) have been completely revised; for 1939-41 data for the
Individual industries (except as indicated in note marked "§") and 1939-40 data for the unadjusted series for all manufacturing, total durable goods and total nondurable goods industries, and the industry groups, see pp. 23-24 of the December 1912 Survey; for 1941 data f.-.r the totals and the industry groups sen p. 28 of the Msrch 1943 issue, for 1942-43, p.
20 of the October 1945 issue., and for January 1944-February 3945, p. 24 of the July 1946 issue; all revisions through February 1945 for the adjusted totals (p. S-11) will be shown later.
SURVEY OF CURRENT BUSINESS
November 1946
nless otherwise stated, statistics iixs"oiigfci 1941 I 1946
end «3e»crlptive notes may be found in the
1942 Supplement to tlie Survey
S-ll
1946
September
Jantiary
October
February
March
May
April
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
I
Production workers, index, unadjustedt— Continued.
N o n d u r a b l e goods industries—Continued.
j
Tobacco manufactures
1939«"100__|
Paper and allied products
__„
do
P a p e r and p u l p
do
!_
P r i n t i n g , publishing, and allied industries..--do
Newspapers and periodicals,
.___do__,
Printing, book and j o b .
do...,
Chemicals and allied products
do
I
Chemicals
.
_ _. d o
P r o d u c t s of petroleum and coal
__-do___.
Petroleum refining
do
Ru bber products
do
R u b b e r tires and inner tubes
do..__
Production workers, adiusted index, all manufacturing
(Federal Reserve)!-". 1939-10O_.
Durable goods industries!
,. -do
N o n d u r a b l e goods industries!
do
Noninanufacturing, unadjusted (TJ.8. D e p t . of L a b o r ) :
Mining;!
Anthracite,
....
1939 *^ ICO _ _
B i t u m i n o u s coal
..__
_____
do
Metalliferous
_„__,.
...
___~do
Quarrying and nonmetallie
...do
Crude petroleum and natural gas!
.—do
Public utilities:!
Electric light and power
_..___
__do_._.
Street railways and busses
,.__
,_
do_.__
Telegraph
.
do...,.
Telephone.
,
_._„_
. do
Services:!
Dyeing and cleaning
„.____—do
Power laundries
..,
,__..
____do
Year-round hotels.-...______
_
_.__.do___..
Trade:
Retail, total!
___..___..
__
._._.do_.._
Food*
_..___—„—
_
„„___.do_.._
General merchandising!
do
Wholesale!-„_...do
Water transportation*
...._.
,
do
Miscellaneous employment data:
Federal and State highways, total!
... ...number..
Construction (Federal and Suite)-.—.
-do__._
Maintenance (State).._
_„._
do—_.
Federal civilian employees:*!
United States
.
„
thousands.District of Columbia._..______
__.do
Railway employees (class I steam railways):
Total
_,.-.._._..-_
__.thousands..
Indexes: Unadjusted!
__.
1935-39-=100..
Adjusted!
_____._. do,....
91.7
1,^8.0
118. 0
167.1
89,5
117.5
103.3
88.8
94.8
105. 4
172. 1
02.2
120.9 j
105.8 I
102.5
07. 2
110.0
ieo.5
87.0
128.6
113.9
109. 4
103 1
117.6
169.7
164. 7
134.0
131.9
172. 7
182,4
r
87.9
132.9
117.9
113.5
107. 0
122. 1
171.4
165.9
136.7
133.1
181.5
191.6
90.8
134.5
119.3
114. 2
108.1
122.2
170. 9
169. 6
138.2
133.7
182.0
192.8
91.2
135. 3
120. 0
114.3
109.0
121.3
166.8
167.5
136. 9
134. 4
182.7
193. 4
92.1
137.3
121.9
115.7
109.4
123.8
165.1
169.0
140. 6
136.1
186.1
195.8
90. 7
135. 9
120.9
116.8
109.6
126.3
'163.7
' 168.4
142. 7
137.4
180.2
183.1
91.7
137.8
122. 1
'117.3
110.4
125. 6
' 164. 9
Ifi8. 5
' 143. 4
137. 4
r
187. 5
189. 9
138. 0
154. 6
124.8
'139.6
'158.1
125.0
' 140. 6
' 161.2
124. 3
' 143.8
' 165. 8
'126.5
81.0
66. 9
67.7
95. 7
92.8
'79.0
' 89.6
74.4
98.9
•-94.2
'81.4
' 89 5
' 7S. 0
101.2
' Ho. 4
'83.7
103.2
95. 5
'101. 9
<• 130.0
111.9
r
181.1
143. 8
123.3
120.4
136.5
132.7
157.0
123.6
121.6
154.4
163.0
145.5
i AS. 8
127. 1
127.8
.144. S
114,5
127. 2
142.6
115. 1
130.3
138.6
123.7
136.6
151.6
124. 7
90. 2
84.3
77.fi
87.0
72.2
82.5
84.0
78. J
70.8
72.2
83.9
84.9
81.7
93.9
65.5
88. S
81.4
20.3
62.9
93.8
91.8
101.9
129. 9
84.5
118.0
121.2
133. 5
85.7
110,2
123. 2
135. 6
96.4
126.1
123.2
158.6
97.7
127.0
119.8
163.5
98. 6
127.6
113.5
167. 6
99. 9
128.7
112.1
171.7
101.2
128. 9
112.4
177. 7
125.7
109. 9
119.2
122. 3
106.0
132.2
124.7
107.4
115.0
121.5
109.0
118.7
124.3
109.6
119.3
130.3
110.0
118.9
129.6
110. 7
119.9
131.6
112.3
119.9
' 1.30.0
' 113. {'
119.0
109. 5
97.6
102.0
110.4
97.0
320. 5
101. 2
104.6
115. 9
104,3
106.8
114.6
105.5
316. 9
106.0
106.9
118.6
106. 6
297.8
109.0
106.3
125.3
106.7
275. 3
107. 2
105. 0
121.9
106. 0
250. 6
107. 2
103.5
121.0
106.9
229.0
106.3
101.3
1J 7. 6
107. .5
228. 2
' 106. 7
103.6
117. 4
' 109. 1
151,474
30,812
65, 722
151,490
30, 684
94,902
130,381
14,908
05,458
142, 074
JC, 277
95, 596
150.013
21, OCX)
97,814
165,762
31,871
100,683
184, 179
45, 084
104,445
205,161
59,001
110,537
225,184
73,766
114,717
237,601
82, 384
117,543
2,613
240
2,513
233
2,456
230
2,411
22S
2, 406
2B3
2,402
236
2,379
237
2,394
238
2, 3G0
236
2,299
235
2, 282
'v!5
2,232
'233
1, 439
138. 3
136.0
1,424
136. 9
132.4
1,435
137. fi
136.6
1,428
180.0
139.1
1,422
130.5
142,0
1, 893
133.9
137.3
1, 397
134.1
137.5
1,375
131.9
134.0
1,334
128. 1
128.6
1,358
130.3
128.5
' 1,378
v 132.2
v 129. 4
42.3
41.4
41.0
40.4
42.3
41.6
41.6
42.1
41.9
41.2
41.1
42.1
41.7
41.5
41.4
42.5
40.6
41.0
40.8
41.1
39.2
40.5
40.0
39.1
40.7
40.7
40.6
40.0
40.4
40.5
40.4
39.9
39.3
39.7
39.3
38.4
39.8
40.0
39 8
38.8
40.0
39. 6
39. 2
'38.5
40.0
'40.4
r
40.4
39.8
41.2
40.8
43.0
42.6
44.7
36,5
38. S
38.1
36.7
38.7
42.5
40.8
42. 3
41,8
41.8
40.4
41.1
43. €
43.1
44.1
38.4
39.1
40.1
30.0
E8.2
43.2
42.2
42.7
42.5
41.5
40.8
41.3
42.6
42.9
43.9
Z7.S
37.4
29.7
37.6
35. 0
43.2
40.5
42.0
42.0
41.3
41.0
41.5
42.fi
42.8
44.4
36.0
39.7
40.8
40.3
38.3
43.3
39.0
42.5
41.9
41.5
38.5
41.3
42.0
42.5
44.4
37.5
40.0
41.1
40.9
38.8
43.3
38.8
41.8
40.7
41.2
30.4
40.3
41.4
42.3
43.3
34.5
39.0
40.8
42.1
37.3
43.2
40.1
42.3
41.1
40,9
37.9
40.3
41.7
41.7
43.6
37.0
40.0
41.0 I
41.9
38.8 '
42.2
41.1
42.5
41.6
40. 9
37.5
40.2
41.5
42.2
42.6
37. 4
35.8
38.9
40.1
40.4
4). 6
36.3
39.1
40.7
41.3
37.6
41.1
40.0
41.3
40.2
40.1
38.0
39.8
40.9
41.2
42.2
'36.6
39.5
40.4
41.6
38.1
40.9
41.5
41.8
40.4
40.2
36.4
r 39.4
40.4
M0. 7
41. 3
37.8
39.2
40.0
40. 6
38. 1
40. 1
38. 6
41.0
39.5
40. 1
37.9
40.5
40. 9
41.6
42.0
39.2
39. 8
41.0
41.7
38 0
40. 7
41.4
42. 0
40.7
' 40. 4
40.6 I
40.4
40. 3
40.7
40.4
40-5
40.4
40.3 I
39.8
40.0
39.6
40. 1
26. 2 I
40.6 I
45.0 I
36.7
40.9
44.1
42. 0
45.8
36.1
39.6
44. 4
40.4
45.7
36. 4
40.6
45. 3
39.1
45.6
36.7
39.9
44.9
39, 3
44,3
36.5
40. 4
44.3
38. 5
43.9
37.5
40. 8
42.9
39.7
43.9
37.2
40.5
42.8
39.2
43.5
36.9
39. 6
42.4
39. 5
42.9
37.1
39.3
' 42.3
40.0
' 43.0
' 36. 0
' 38. 2
43. 8
39.1
42.8
37. 0
37.8
43.7
38. 7
43.4
42,2
43.4
44.9
43, 0
41.6
43.3
42.6
41.4
41.7
42.5
44. 0
40.2
41.5
42.5
42.9
40.9
41.1
42.0 '
41.7
41. 7
40.8
41.7
41.0
40.8
41.2
41.6
40.8
40.8
41.0
41.4
40.0
40. 3
40.4
40.7
39.3
39.4
40.5
40.5
39.6
39.3
40. 2
' 40. 7
•JO. 0
39. '2
40.8
40. S
40. 3
39.4
eu. 4
311.0
r
' 124.5
r 1 1 1. 5
' 119. 1
\, 397
134,1
v 131.;;
T
P
LABOR CONDITIONS
Ayerage weekly hours per worker in manufacturing:
Natl. Indus. Conf. Bd. (25 Industries)
___.hoiirs_.|
U. S. Dept. of Labor, all manufacturingf——do
v 40.1
Durable goods industries*
do
v 40. 0
Iron and steel and their products*....
do
Blast furnaces, steel works, and rolling
mills*...
___.„..„ . hours..
Electrical machinery*
_„
„
do
Machinery, except electrical*
do
Machinery and machine-shop products*—do—„.
Machine tools*
,
___.do
Automobiles*
_.. __.
_._.___.do
Transportation equipment, except autos»__do
Aircraft and parts (excluding engines)*—.do._. !
Aircraft engines*
do
Shipbuilding and. boatbuilding*
__do
Nonferroiiy metals and products*
do
Lumber and timber basic products* 5 do.__.
Furniture and finished lumber products *-.-do
Stone, clay, and glass products*..
__...do.__.
Nondurable goods Industries*
do
Textile-mill products and other fiber manufactures*...__...
„
hours...
Apparel and other finished textile products*
hours,_
Leather and leather products*
_..„—___do
Food and kindred products*_______________do.___
Tobacco manufactures*
„.„
__do._—
Paper and allied products*
do
Printing and publishing and allied industries*
hours. Chemicals and allied products*
___.»__.do
Products of petroleum and coal*.
___._do
Rubber products*
do
L
r
39.9 I
41.3
41.8
38.5
41.8
41.3
42.3
41.3
40.6
i
Revised, * Preliminary. * See note marked " 1 " .
. D a t a beginning August 1942 are available in the N o v e m b e r 1943 Survey; earlier data will be published later.
t T o t a l includes State engineering, supervisory and administrative employees not shown separately.
^ United States totals beginning August 1045 include approximately 53,000 clerks at third-class post offices and s u b s t i t u t e rural carriers not reported previously; see also note in
Juiy 1944 Survey regarding changes in the data beginning in 1943. December figures do not include excess temporary post office substitutes employed only at Christinas.
• N e w series. Indexes beginning 1939 for employment in retail food establishments and beginning 1940 for water transportation are shown on p . 31 of the J u n e 1943 Survey.
Data
beginning 1939 for all series on average hours will be published later; data beginning March 1044 for the aircraft engines industry and beginning March 1942 for other series are available
In previous issues of the Survey.
* fRevised series. See note marked "f" on p . S-10 regarding revisions in the inedxes of employment in manufacturing industries and sources of revised data. D a t a for 1937-43 for
the index of employment and pay rolls in the telephone industry are on p . 20 of the M a y 1945 Survey a n d data for 1937-43 for t h e telegraph i n d u s t r y are on p . 23 of August 1946 issue;
data for 1939-41 for the other D e p a r t m e n t of Labor series on noumanufacturiug employment and p a y rolls are on p . 31 of the J u n e 1943 Survey. T h e index of railway employees has
been shown on a revised basis beginning in the M a y 1943 Survey; earlier revisions will be published later. D a t a beginning J a n u a r y 1042 for t h e series on average weekly hours in all
manufacturing industries are available in t h e M a r c h 1943 a n d subsequent issues of the Survey; revised data prior to 1942 have not beeu published in the Survey a n d will |be shown in a
ater issue
S-12
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941 1946
and descriptive notes may be found in the
Sep1942 Supplement to the Survey
tember
November 1946
1946
1945
September
October
Novem- December
ber
January
Febru-j March
ary j
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Con tinned
LABOR COIN UiTlONS—Continued
Average weekly hours per worker in nonmanufactur*
ing industries (U. S. Department of Labor):*
38.2
37.5 j
38.1
38.7
37. 2 i
37.1
37.7
37.5
38.2
38.2
Building construction
hoursM ining:
39.6
41.0
41.2
41.7 | ' 3 8 , 2
37.0
41.2
S6. 4
S8.6
35.8
••31.7 i
Anthracite
,
,. do
45.7
45. 9
' 43. 4
45. o
42. 4
42.3
32.2
26.4
27.3
43.3
' 36. 0
44.9
Bituminous coal
—.._._
do..-.
41.0
42.0
36. 8
41.2
43.0
44.3
42.0
89.2
'39.6
40. S
43.0
41.1
Metalliferous
____
-_._do
•14. I
r 45.4
46.5
46.5
47.2
44.2
40. S
45.1
'45.7
46.1
Quarrying and nonmctallic
—do..__
' 40. •
40. 7
40.9
45.4
44.4
40.7
40.8
41.0
39. 5
43.9
41! 1
Crude petroleum and natural gas
do
Public utilities:
43.3
42. 7
42. 4
41.3
42.0
41,6
40. 9
41.5
43.0
42.7
41.0
41. G
Electric light and power
do
50.9
49. 2
49. 2
48.4
50.7
49.2
50.3
49.0
51.3
49.3
48.6
Street railways and busses
do.-..
49.4
45.4
41 0
45.2
44.5
44. 1
44.2
44. 5
45.0
43.8
45.9
Telegraph
„___
do
45.4
43.7
40.7
41.9
41.1
39.4
42.1
40.
1
39.3
39.7
39.
5
41.5
39.3
Telephone*!
_.-.
--do
Services:
43.5
43.1
42.
5
42.9
42.
6
42.4
43.0
!
43.
2
43.
4
43.8
44.0
43.1
Dyeing and cleaning,..._.„._._-_..._..-._-.do....
43.2
43.3 I
43.3
43.4
43.1
43.5
43.3
43.0
43.4
43. G
43.5
Power laundries
do__..
42.7
Trade:
40. 5
40.3
41.2
40.4
40.5
40.3
40.0
40.1 I
41.5
40.5 !
40.9
40.7
Retail.—
.—do.—
42.6
42.3
41.4
42.0 |
41.8 !
41.4
41.8
41.7
41.7
ii.9
41.9
Wholesale
._.
._-_
.....do
,
42.4
Industrial disputes (strikes and lockouts): •
!
Beginning in month:
134
474
325
200
300
358
480
500
573
350
450
Work stoppages
number.
560 !
50
130
185
551
235
420
1,400 j
330
526
150
880
Workers involved_.
..._
thousands...
I
i
In effect during month:
490
715 |
737
619
500 I
845
655
800
820
770
700
730
Work stoppages
number....
367 !
1,200 I
852
1,500
6G0
925
365
400
535
611
410
1,100
Workers involved
thousands.504 i r 1,750
11,500
8,611
'
23
000
6,935
3,425
5,000
4,341
1
9
,
4
0
0
I
<
3,300
•15,000
3,800
'13,800
Man-days idle during month
do_—
r
7,718
U. S. Employment Service placement activities:
412
359
380
421
522
601
457
479
530
532
461
614
Nonagricultural placements!
thousands..
Unemployment compensation (Social Security Board):
«4G
745
918
1,234
541
779
774
1,120
699
1,086
' 761
1580
Initial claims*
thousands..
6, 564
5,395
4,604
6,671
7,464
6,497
* 5, 504
4,724
13,895
6,649
7, 327
8,258
Continued claims©---„->..„.-do
6,502
Benefit payments:
1,316
1,272
1,313
1, 621
1,315
1,174
1, 592
i 975
i 839
612
1,624
1,402
••1,069
Beneficiaries, weekly average..__do
103,889
133. 246 120,727
127,013 110,672
92,982
Amount of payments
thous. of dol... i 63, 255
50,439 106, 449 108, 555 106,624
88,480 j 78,047
Veterans' unemployment allowances:*
426
908
• 567
741
002
1,030
801
657
260
002
447
112
690
Initial claims
__.....thousands..
5,853
1,415
4, 594
2,401
7,690
7,147
7,353
7,828
6,128
774
6, 982
7, 6S5
Continued claims
__
do.
400
2
2
f,95
21, 783
2 1,304
218
405
1.720
M,650
123
1,073
1, 507
1, 744
Number receiving allowances, weekly average
do
73
1.G26
3
14,088
25, 770
E3,322 112.195 1485 958 160,071 155,175 150,063 152,648 145,108
42, 217
Amount of payments
_
thous. of dol___ 124,082
7,457
Labor turn-over in manufacturing establishments:^
6.9
8.6
6.1
8.7
8.5
6.8
7.1
6.7
6.8
7.4
6.7
Accession rate—monthly rate per 100 employees..
8.6
5.9
6.3
7.1
6.3
6.8
6.6
5.7
5.9
6.8
12.0
6.3
Separation rate, total
.
...do
.5
.4
.4
.5
.4
.3
.4
.5
.5
.4
.6
Discharges..-_.
.
do—
1.7
1.5
1.7
1.2
1.1
1.8
1.3
.8
2.3
1.4
1.8
4.5
Lay-offs...
do
3.9
4.2
4.7
4.0
4.3
4.0
4.5
5.6
4.3
4.2
6.7
Quits.-------•-—
.
do....
.2
,2
.2
.2
.2
.2
Military and miscellaneous
do—.
.2
PAY ROLLS
Production-workers pay rolls, unsjdusted index, all
226.2
210.5
247.8
222.9
229.2
' 257.1
277.8
249.2
232.9
r 261.0
224.2
222.9
manufacturing (U. S. Dept. of Labor) t—1939=100-.
199. 6
240.0
266.6
306.0
241.8
243. 0
267,3
' 280.7
236.8
r 287.0
246.2
243.7
Durable goods industries
.
do
127.2
220.5
255.2
221. 4
210. 4
216.1
231.6
' 238.1
207.3
' 231. 3
Iron nnd steel arid their products.
do..
206.9
211.7
Blast furnaces, gteel w o r k s , and rolling
47.6
181.2
175.8
173.6
173. 2
-•191.8
181.5
203.1
169.4
193. 3
'182.0
mills
-.
1939=100.176.3
311.5
301.9
302. 6
211.1
308. 5
224.1
360. 0
289.1
333.-7
280.1
333. 9
268.5
Electrica! machinery._.__
do
310.8
283.3
297. 5
255. 3
288.7
277.9
348.8
284.1
333. 5
301.6
329.5
285.7
Machinery, except electrical
do
283.5
263.4
272.8
239.4
26B.4
258. 0
314.2
268.4
r 299.4
266.4
296.4
290.1
Machinery and machine-shop products
do
259. 6
233, 0
2C2. 3
244.5
250. 8
281. 4
254.9
202. 3
260.5
258.2
270.4
261.4
Machine tools!
„
...
do
232.7
192.2
153. 5
135. 5
160. 9
308.0
171.8
282.2
151.2
142.4
250.5
241.7
Automobiles
-„
..6o
538.3
583.5
559.1
677.2
507. 0
534. 0
713. 5
538. 5
844.1
491. 5
537. 5
558.1
Transportation equipment, except autos
do
5C5. 9
506.6
514.3
520.4
524.0
642.1
537.4
000. 9
624.5
520. 7
585. 5
553. 2
Aircraft and parts (excluding engines)J_,-..ao
409. 2
389.7
356. 6
346. 3
384. 4
506.1
444.3
469.7
309. 1
469. 4
4.57. 8
•• 40S. 9
Aircraft engines}
do.—
498. 5
637.6
602 5
641.2
548. 5
421.8
893.4
1.115.9
ft30. 4
483.4
555. 2
467. 4
Shipbuilding and boatbuilding!,
do
271.4
243.5
256.1
250.4
247. 8
311.4
230.4
223.3
228.7
' 287.8
264.9
' 292. 9
Nonferrous metals and products. _
« do
201.8
194. 8
207.7
199.4
234.5
300. 3
199.0
215.3
219.9
281.0
248. 2
267.0
Lumber and timber basic products
do
147.2
114.0
118.2
114.1
105.7
117.4
130.3
123.0
158.1
139.8
148.8
131.9
Sawmills (incl. logging camps)do
212.3
173.2
192.9
188.1
289.3
168.8
164.0
200.4
223.5
214.6
222.1
209. 0
Furniture and finished lumber products
do
188.3
151.1
169.
3
164.
3
209.7
147.1
140.8
176.7
196.
2
189.
7
194.2 j
184.3
Furniture
do
224.1
175.9
185. 4
181.7
253.2
183.2
175.7
204. 6
235. 0
226 0
235.7
217.2
Stone, clay, and glass products
do
229.4
204. 5
215.7
212,7
250.3
202.6
202.6
221. 3
234.0
231 4
229.2
' 235. 0
Nondurable goods industries..
do
214.8
174.8
190. 7
188.0
231.0
171.3
169.7
203. 7
218. 6
212. 6
214.7
211'.S
Textile-mill products and other fiber mfrs__...do
244.
3
199.9
217.0
216. 2
275. 5
198.6
201.0
230.
0
248.
2
242. 3
246. 3
240.1
Cotton manufactures, exc. small wares
do
1C6. 9
142.0
149. 4
148.8
181.4
143.0
138.2
168. 3
166.8
16-3. 6
166. 5
166.3
Silk and rayon goods
do
Woolen and worsted manufactures (except dyeing
206.0
234.1
200. 0
220. 9
234.2
237.7
228.6
238. 5
175.4
178.3
184.0
238. 5
and finishing)
._
.1939=100228.0 !
277. 5
215.0
240.'?
263. 6
258. 8
245.7
263. 3
208.4
213.5
208.0
263. 5
Apparel nnd other finished textile products
do
148.0
183.1
140.7
158.1
170.0
175. 6
167,9
181. 2
141.4
141.0
136.9
174.1
Men's clothing
do
149.
4
140.9
153. 3
172. 6
163.1
' 159. 0
169.8
138.4
141.9
136.4
IF,9. 6
r 141.3
Women's clothing
do
185. 2
179.2
194. 5
202.1
203.1
203.4
198. 2
160.2
165.0
165.3
203. 9
197. 3
Leather and leather products
_._do
164.0
157.1
174.1
182. 7
184.6
183.0
175.4
140.3
144,2
145.7
185.3
177. 6
Boots and shoes
do
215.0
220.4
211.5
206. 6
201.9
205.0
250.3
226.6
215.9
214.9
205.4
231.5
Food and kindred products
do
180.1
181.2
181.2
182.8
170.8
108. 8
184.1
173.6
176.8
181.4
179.3
178. 5
Baking
„
do
r
144, 1
167.3
136. 6
132.1
387.4
351.6
251.7
179.4
149.8
149.2 I
M81.9
325. 8
Canning and preserving
—do
217.9
214.9
199.4
191.1
202. 3
177.6
173.1
185.2
181.4
180.9 i
167. 4
179.9
Slaughtering and meat packing
.
., do
166. 7
164.1
165.2
171.3
186.2
176.0
181.7
172.2
181.1
174.6 I
154.1
178. 3
Tobacco manufactures. ..1
,do.-.-..
221.7
219.0
220.2
233.3
253. 9
200.7
206.9
211.0
237. 4
235.9
244.4
243.8
Paper and allied products
do
198.4
196.6
203. 6
227. 8
180.5
186.7
190-0
212. 7
209.9
216. 7
218.4
203.1
Paper and pulp.. .._._
do.—
165.7
163.2
171.2
190. 5
147,7
150. 7
158. 5
179.5
178.9 I
184. 2
ISO. 0
177.2
Printing, publishing, and allied industries..-..do
143. 5
141.9
148. 9
108.8
130.3
132.9
138. 3
157. S I 100.9
102.0
163. 7
154.4
Newspapers and periodicals*
do
188,8
184.7
193. 9
211.0
166. 5
168.6
204. 6
209.1
178.1
184.7
188.8
193.9
200.2 I 199.9 ! 197. 0
Printing, book and job*
do
Revised.
tSee
note
marked
"
§
"
on
p.
S-10.
©Small
revisions
in
the
data
for
January
1940
to
May
1944
are
available
on
request.
jPartly
estimated.
1
3
Continued claims filed during week ended the last Saturday of the month; average number receiving payment has been discontinued;
Excludes data for Indiana.
• 1946 data are preliminary estimates. The series for "in effect during the month" continue data published in the Survey through the July 1944 issue. They include data for
stoppages beginning'in the month and those continuing from previous months; data for January 1944-August 1945 will be published later.
cf Rates refer to all employes rather than to wage earners and are therefore not strictly comparable with data prior to 1913 published in the Survey.
•New series. Data on average hours for the telephone industry for 1937-43 are on p, 20 of the May 1945 Survey (see note for hours and earnings in the telephone industry at the
bottom of p. S-13 of April 1946 Survey regarding a change in this series in April 1945) and data for the telegraph industry beginning June 1943 (the earliest available) are given in "note on
p. S-ll of the January 1945 issue; data beginning March 1942 for all other series on average hours are available in the May 1943 Survey and data back to 1939 will be published later.
The new series on veterans' unemployment allowances relate to readjustment allowances payable under the Servicemen's Readjustment Act of 1944; data beginning September 1944
will be shown later. Indexes of pay rolls for the printing and publishing subgroups beginning August 1942 are on p. S-12 of the November 1943 Survey; data back to 1939 will be
published later. Data beginning 1939 for initial unemployment compensation claims will be shown later (see note in April 1946 Survey ior definition of initial claims).
tRevised series. Data beginning June 1942 for nonagricultural placements are available in the August 1943 Survey; earlier data will be published later. For information regarding
the revised indexes of production-worker pay rolls in manufacturing industries, see note marked "f" on p. S-10.
SURVEY OF CURRENT BUSINESS
November 1946
Unless otherwise elated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
1946
September
S-13
September
October
1946
Novern« December
ber
January
F
| ^ - | March
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS-Continued
Production-worker pay rolls, mfg., unadj.f—Con.
Nondurable goods industries—Continued.
Chemicals and allied products
.1939=100.
Chemicals
do..__
Products of petroleum and coal
,_do
!
Petroleum refining
_do
Rubber products
do
Rubber tires and inner tubes
do
Nonmanufaeturing, unadjusted (TJ. S. Dept. of Labor):
Mining;f
Anthracite1939=100..
Bituminous coal
do_ ....
Metalliferous
_.
do
Quarrying and nonmetallic
do
Crude petroleum and natural gas!
do
Public utilities:!
Electric lipht and power
_
do....
Street railways and busses
....do
Telegraph
do....
Telephone
_
..do
Services:!
Dyeing and cleaning
do..._
Power laundries
do
Year-round hotels
.--do
Trade:
Retail, total!
....do
Food*
.
do
General merchandising!
do
Wholesale!
- .
do
Water transportation*.
„_„
do
292.2
273.6
212.1
203.5
231.3
211.4
284.9
261.3
198.0
189. 7
254. 2
239.8
281.8
260.8
222.9
215.5
257.8
240.2
283. 4
267.0
222. 2
212.6
275. 5
256. 7
285. 2
276.8
220.9
210.6
200.1
272.6
284.7
272.5
221.3
217.4
292.1
271.9
290.0
276.3
231.0
217.9
302.8
281.1
291.2
282.7
232.7
221.3
3249
312.9
283.8
277.8
228.2
221. 5
327. 6
314. 2
285.1
283.0
236.0
223.3
337. 2
318.3
' 286.9
r 289. 2
244.3
228.0
327. 2
304. 3
290.5
288.5
246. 3
228. 7
343. 2
311.2
149.8
199. 7
116.4
159. 2
138.4
170.8
120. 5
118.4
164.3
133. 6
144.fi
212.8
117.2
163. 2
140.0
167.1
222.0
117.6
155.0
135 9
149.3
209. 9
118.0
150.9
139.0
178.3
222.8
92.8
157.2
142.0
178. 5
230.9
102.1
172. 6
144.4
165.1
26.0
102.0
192.5
144.0
180.4
'97.4
1C6. 4
189.9
145. 4
' 182. 7
' 243.8
126.9
' 207. 7
'147.1
>• 156. 5
r
198. 4
' 132. 4
'213. 6
' 151.3
193.3
233. 9
148. 5
225.1
152. 6
120.6
177.1
177.2
181.7
120.9
178.1
177.6
189. 0
126.7
179.1
177.9
200. 3
129.8
184.0
178. 8
203. 5
133. 7
181.4
155.3
205. 2
138.3
187. 2
176.9
230.7
140.4
187.2
177.1
237.0
142.5
191.4
179.5
246.1
144.2
195.2
175.6
254. 0
148.4
199.5
174.9
259.9
150. 2
200. 7
178.6
208. 8
152. 4
211.3
178.5
267.6
199.2
168.1
177.2
207. 6
169.1
184.6
193. 5
168.9
190.6
im.Q
174. 3
196.1
201.7
178.7
196.4
199.1
177.0
199.8
213. 4
181.3
201.1
231. 0
183.3
201.1
227.0
386. 2
204.6
236. 6
ISO. 9
205.0
r 231. 3
193. 3
204.5
216. 9
188.3
208.6
138.7
145.7
150.0
145.6
669.6
144.2
149. 7
157. 7
U0.7
566. 8
151.9
154. 9
172.4
155.2
582.1
167.6
159. 5
209.2
159. 2
583.1
154.9
159. 7
165. 8
•161.2
575.3
157.1
161. 7
165.5
165. 0
577.3
160. 9
163. 9
173.3
167. 5
550.6
167.8
165.7
186.2
169.8
509.0
166. 2
166.1
180.5
169.6
486.3
r 171. 3
170.0
188.8
172.6
4G7.4
172. 6
171. 5
187.1
174.5
490.1
174.6
177.3
188.1
177.3
478. 8
45.74
40.87
43. 95
45.48
45.50
40.97
44.23
45.40
45. 42
40.77
43.71
45. 51
45. 72
41.21
44.08
46. 38
44.62
41.15
43. 67
44.95
43.56
40.58
42.57
42.45
46.44
42.15
44.79
46.80
46.92
42.88
45.71
47.28
46.16
42.51
45.10
45.74
47.20
' 43.31
' 46.32
' 46.74
r
47. 04
«• 43. 34
* 46.13
r
46. 78
48. 59
' 44. 90
' 47. 84
48.62
47. 51
41.37
48.12
47.15
61.23
44.65
48.68
44.81
43. 56
51.06
44.41
33.41
32.38
35. 21
35.39
39.12
37.80
46.22
42.39
48.12
47. 60
51.65
46.86
48.92
47.60
46. 37
49. 50
45.30
33.08
31.86
35. 89
36. 59
39. 61
37. 76
46.81
42.98
47. 90
47. 58
52. 35
45. 99
46. 56
46.68
44. 91
45. 56
45.71
31.98
SO. 69
35.44
£6.21
38.95
37. 89
47.33
43. 58
48. 63
47. 98
53.80
43. 89
49.18
48. 40
48.67
49.44
46. 08
31.78
SO. 15
36. 50
37.21
39.33
38. 52
44. 93
43.52
47.84
47.81
53.07
46.19
49. 29
48.84
51.48
49.44
46.13
32.15
30. 58
86.07
36. 56
38.33
38.75
36.75
41.49
47.53
47.91
52.19
43. 01
48. 09
49.91
53. 43
47. 61
47.13
33. 52
31.91
36. 86
37. 46
39.76
39.01
48.93
41.81
48.82
48.29
52.92
46.76
50. 51
50.53
52.80
51.32
46.92
34.88
33. 47
37.78
38.46
40.98
39. S3
48.57
44.03
48.94
49.26
51.92
48.72
52.50
61.68
54.08
53.43
47.29
35.34
34.02
38.21
39.16
41.47
40.13
46.16
43.99
48.32
47.86
52. 01
48.05
52. 09
51. 63
55. 26
52.79
47.18
36. 01
34.71
37. 88
38.87
41.00
39. 93
' 46.98
' 45. 72
' 50. 04
49.70
53.86
' 49. 32
' 53.32
52.55
55. 91
' 53.99
' 47. 61
37. 62
36.56
'38.73
' 39.31
' 42. 01
' 40. 28
47. 85
' 45. 43
' 49. 76
' 49. 49
52.44
'51.15
53.40
53.03
r 54. 72
54. 36
' 46. 57
35. 09
33. 99
r
38. 35
38. 80
' 41. 80
40. 49
49.73
47.38
50.96
51. 0G
54. 07
53.39
53. 94
53.68
56. 26
54. 07
47.78
38.09
36.82
40.11
40.80
43. 26
' 41. 90
31.01
31.25
31. 65
32. 41
32.44
33.76
34. 69
34.98
34.80
35.02
28.32
31.05
28.21
31.86
28.72
31.92
29.25
32. 48
29.01
32.42
30.14
33,74
31.36
34.74
31.79
35.10
31. 58
35.11
31.75
34.64
35.84
35.60
35.71
37. 64
38.52
41.04
41.29
41.81
41.67
31.81
32.40
40.87
34.62
32.95
39.36
89.83
32.24
45.81
33. 21
40.96
44.46
32.12
32.38
41.45
34.82
32.86
39. 50
40.21
32. 71
44.54
33.35
41.10
44.86
31.16
31.98
40.11
33.93
32. 37
40.31
41. 37
31. 56
45.78
32. 65
41. 23
44.81
31.88
32.77
41.07
35. 74
34.13
41.49
41.28
33.87
47. 51
31. 53
41.46
44.67
33.24
33.88
42.95
36.03
34.71
41.37
40.95
33.86
46.68
32. 36
41.17
44.08
33.70
34.94
42.50
36.69
35. 09
40. 93
41.15
33.18
43.23
31.98
41.15
44.34
36.01
37.04
46.83
37.37
36.67
40. 47
41. 49
33. 71
42. 56
32.95
41.97
44.80
35.92
37. 50
46.29
37. 58
36. 97
40.76
41.74
35.48
42.77
32.48
42.03
44.87
35. 28
37.68
' 45. 10
37. 35
30. 77
40.70
41.14
34. 64
43. 99
33. 52
42.10
45.20
48.89
52.54
47.39
43.01
51.46
54. 70
57.37
47. 20
53.59
45.01
52.19
45.90
42.95
50.03
51.33
53.03
48.83
52.26
47.25
42.10
49.25
53. 54
56. 21
44.68
47.78
49.28
52. 70
47.92
42. 55
49. 56
53. 05
55. 42
45.48
48. 54
49. 36
52. 95
48.18
42. 61
50.66
52.06
54. 59
46.71
50.29
49.80
53.67
48.30
42. 53
49.91
53. 45
56. 25
46.05
40.21
50.93
54.86
49.51
42.94
50. 25
53.30
55.86
46.46
49.72
51.09
55.63
49.18
43.28
50. 58
53. 27
56. 61
49.67
54.77
51. JO
56.07
48.77
43. 31
50.29
52. 80
56. 49
49. 82
54. 72
51.73
56. 08
' 49.82
' 43.95
50.69
53.34
56.46
50.45
' 54.82
WAGES
Manufacturing industries, average weekly earnings:
Natl. Ind. Con. Bd. (25 industries)
dollars..
T 45.10
U. S. Dept. of Labor, all manufacturing!
do
Durable goods industries
„
do
v 47. 95
Iron aiid steel and their products!
. _.do
Blast furnaces, steelworks, and rolling
mills!. - - - - - - - dollars..
Electrical machinery!
„
-do
Machinery, except electrical!
do
Machinery and machine-shop products!>-do___.
Machine tools
„
do
Automobiles!
_
___.
do
Transportation equipment, except autosf—do-- —
Aircraft and parts (excluding engines) do
Aircraft engines*
do
Shipbuilding and boatbuilding
_...do....
Konferrous metals and products!
do
Lumber and timber basic products!—
do_..__
Sawmills (incl. logging camps)
do
Furniture and finished lumber productsf-do
Furnituret
..do
Stone, clay, and glass products!
do....
Nondurable goods industries
do..... v 42.15
Textile-mill products and other fiber
manufactures!...
.dollars...
Cotton manufacturers, except small wares!
dollars..
Silk and rayon goods!
do
Woolen and worsted
manufactures
(except dyeing and
finishing)!
dollars..
Apparel and other finished textile products!
dollars..
Men's clothing!
,
do....
Women's cloth ing §
.
do
Leather and leather products!
do____
Boots and shoes
.__
do_.._
Food and kindred products!
do
Baking
,__„_.„
do
Canning and preserving!
do_...
Slaughtering and meat packing
do
Tobacco manufactures!
do
Paper and allied products!..
do
Paper and pulp
.
do
Printing, publishing, and allied industries!
dollars..
Newspapers and periodicals*
_. d o . . . .
Printing, book and job*
.do
Chemicals and allied products!
_..._«_do
Chemicals..."
.
. ...do
Products of petroleum and coal!
do
Petroleum refining
do....
Rubber products!
..._.__do
Rubber tires and inner tubes..
do
Revised.
* Preliminary.
Z
4S.57
40. 48
r
34. 76
36.99
31.64
34. 94
34.81
37.42
41.63
41.18
41.88
' 35.23
38.18
' 44.02
37.34
36.14
••41.09
41.42
' 36. 78
' 43.05
33.83
' 42. 74
45.34
' 33. 94
36.19
r
42. 07
r
36. 48
35. 38
43. 21
43.81
r
38. 89
48. 05
33.24
'43.11
40.02
36. 53
38.11
47.70
30. 71
35.17
44. 35
44. 63
41.12
48. 37
34.34
44.20
47.49
r
53. 04
5$. 10
50. 93
44.96
51.81
54. 30
57.10
50.99
55.43
51. 81
56.72
' 50. 03
' 44. 07
' 52. 09
54.19
57.02
50. 60
56.11
__D
...
_
.... r jrtat.ion are shown on p. 31 of the June 1943 Survey. Data beginning
o
1932 for the newspapers and printing, book and job, industries will be published later; see November 1943 Survey for data beginning August 1942. Data for the aircraft engine industry
beginning 1939 will also be published later.
! Bevised series. See note marked " ! " on p. S-10 regarding revisions in the indexes of pay rolls in manufacturing industries and sources of revised data and note marked "!" on
p. S-ll for sources of revised data for pay rolls in nonmanufacturing industries. The indicated series on average weekly earnings and average hourly earnings (p. S-14) have been
shown on a revised basis beginning in the "March 1943 Survey and data are not comparable with figures shown in earlier issues (see note marked " t " on p. S-13 of the July 1944 Survey); data prior to 1942 have not been published in the Survey and will be shown*in a later issue; there were no revisions in the data for industries that do not carry a reference to
this note.
SURVEY OF CUBEENT BUSINESS
S-14
Urn-ess otherwise stated, statistics t h r o u g h 1941
and descriptive notes m a y be found i n t h e
1942 S u p p l e m e n t t o t h e Survey
1946
November 1946
1945
September
October
1946
Novem- December
ber
January
February
March
April
May
June
July
1.189
1. 084
'1.165
' 1. 206
*• 1. 303
1.148
1.223
1. 202
1. 277
'1.347
1. 350
1.302
1.343
' 1.103
.908
.888
".927
' . 950
r
1.041
1.003
r 1. 194
1. 093
1.177
r 1.216
r 1. 314
1. lf.4
' 1. 232
' 1.212
1. 209
' 1.354
1. 305
1. 324
r 1.348
r 1. 435
r
1.163
.909
.891
r . 936
r 958
1 057
1.010
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Manufacturing industries, average hourly earnings:
Natl. Ind. Con. Bd. (25 industries)
dollars..
U. S. Dept. of Labor, all manufacturing?...
d o . . . p 1.123
Durable goods industries! . _ _ _ _ _ _ _ ._do_._ p 1.197
Iron ard steel and their products!
do
Blastfurnaces, steel works, and rolling mOlsf.do
Electrical machinery! ._ ___
_do
Machinery, except electrical!-.
do___
Machinery and machine-shop prodoctst-do
Machine tools
do
Automobilest
_
.
_do
j
Transportation equipment, except autosf-.,do
Aircraft and parts (excluding engines)..do,
Aircraft engines*
_ _ _ _ _ _ do
Shipbuilding and boatbuilding__.____.do__.
N"onferrous metals and products!
do
Lumber and timber basic products!
do_ _
Sawmills (incl. logging camps)
do
Furniture and finished lumber oroductsf. do_
Furniture
do
Stone, clay, and glass products!
. . do
Nondurable goods industries!
...
do.
p 1.047
Textile-mill products and other fiber
manufactures!
dollars
Cotton manufactures, except small
wares!
- ~ — --- dollars
Silk and rayon goodst _ „
.. . do__
Woolen and worsted manufactures
(except dyeing and finishing)! - dollars
Apparel and other finished textile products!
dollars
Men's clcthinc!
do
i
Women's clothing,
_ „ . do
i
Leather and leather products!
_ _ do..
Boots and shoes
do
Food and kindred products!
do
Baking .
_ _ ...
do__ '
Canning and preserving!
do
i
Slaughtering and meat packing
do. ;
Tobacco manufactures!
do
Paper and allied product***
do
Paper and pulp
do
'
Printing, publishing and allied industries! do
Newspapers and periodicals*
do >
Printing, book and job*. _ _
_ do__
- ...
Chemicals and allied products!
do 1
Chemicals
_ . _ _ __do _
_ _.
Products of petroleum and coal!
do
Petroleum refining
do
'
Rubber products!
do_.
Subber tires and inner tubes
do
Ncnmanufactnring industries, average hourly earnings
(U. S. Department of Labor):*
Building construction
. . _ ._
dollars
Mining:
Anthracite
do
!
Bituminous coal
do
Metalliferous
do
Quarrying and norimetallie
.
....do
Crude petroleum and natural gas
.
do
Public utilities:
Electric lip'ht and power
do
Street railways and busses
_. _ _ do
Telegraph "
do
Telephone^
do
Services:
Dyeing and cleaning «
„._._._
do_...
Power laundries*
_
do
Trade:
Ketail
d^»
Wholesale. ._ . . .
__
. . d o
Miscellaneous wage data:
Construction wage rates (E. N. R.):1
1.072
Common labor
dol. per h?._
Skilled labor
„
..do...
1.S.5
Farm wages without board (Quarterly).
1
104.00
dol per month
Railway wages (average, class I)..
dol. per hr.._
Road-building wages, common labor:
.8-1
United States average
_~
„ , .__ d o . . .
1. 085
.087
1.072
1.089
1.171
1.014
1.119
1.103
1.152
1.224
1. 264
1.176
1.188
1.319
1.044
.819
.804
.833
.860
.Q37
.903
1.079
.985
1.063
1.078
1.143
1.C31
1.118
1.103
1.172
1.219
1.250
1.188
1.188
1.297
1.048
.784
.762
.841
. 862
.932
.809
.763
1.165
1.058
1.131
1.186
1. 294
1. 096
1.179
1.103
1. 220
1.302
1.316
1. 253
1. 293
1. 380
1.131
. 850
. £34
. 903
. 930
1. 004
.988
1. ISO
1.071
1.147
1.190
1. 290
1.131
1. 204
1.180
1.251
1.325
1.333
1.26S
1.339
1.403
1.149
.880
.800
.917
.943
1.019
. 9S6
. S58
.809
.873
.875
r . 877
.788
.838
. 7S9
.845
.803
.849
.803
.850
803
.858
.S0(
.088
.999
1.010
1.014
1.014
1.017
1. 024
.922
.947
1.168
. 907
. K90
.924
.913
.844
. 939
.832
. 037
. 982
1.221
1.379
1.155
1.021
1.198
1. 286
1.H00
1,120
I. 200
.961
. 981
1 222
.917
896
.943
.820
. 859
1.051
830
957
1 001
1 235
1. 400
1.106
1. 033
1.211
1. 307
1.383
1. 138
1,275
. 900
. 993
1. 234
.928
.904
. 952
.930
. 885
1.072
. 830
. 966
1.010
1.248
1.423
1.171
1.045
1.220
1. 332
1. 420
1.232
1.414
. 956
.951
9QQ
.997
1.211
' 1.191
.942
.950
993
.921
. 901
' . 972
. 945
.931
.8S7
r . 898
1.087 ! r I.095
.S48
.840
.9F3
. 993
1.(30
1. 038
1. 200
.278
1. 443
.449
r .203
1. ISO
r .084
1. 004
1.234
?43
1.342
.347
1.419
.431
r . 283
1. 260
T
1.446
.401
r 942
992
1 180
, 980
LOU
1.124
1.109
1.193
1.217
1.244
1.183
1.194
1.801
1. 0o8
. 789
.765
.844
. 866
. 928
.918
1.102
. CP4
1. G66
1. 091
1.155
1. 050
1.134
1. 120
1.210
1. 220
1. 239
1.187
1. 2C8
1.292
1.063
.814
. 790
. 8oP
. 879
.939
.927
1.107
1. 004
1. 070
1.095
1.108
1.053
1.139
1.123
1.105
1. 230
1.231
1.188
1.258
1.2^3
1. 006
. 830
f-:04
. £04
3.029
1.147
.1.129
1. 20C
1. 24 S
1,234
1. 222
1.20S
1.278
1.091
.836
.810
.871
.942
.941
. 907
. 953
.773
.786
. 795
.803
.833
.898
.761
. 698
. 762
.713
. 777
.721
. 788
.724
. 790
.753
.812
.866
.882
.884
. 900
.922
.878
.897
1.119
.853
.821
.880
.874
.795
.958
.786
. 803
. 930
1.158
1. 309
1.092
. 992
1.148
1.217
1.281
1. 098
1.243
.875
.883
1.130
. 852
.817
. 895
. 881
. 837
. 954
. 793
. 897
.931
1.155
1.316
1.079
. 991
1.143
1. 204
1. 285
1.100
1. 231
. 864
.881
1.113
.857
. 821
.90S
.901
.834
.964
. 807
.902
.935
1.171
1.334
1.098
.991
1.148
1. 217
1.257
1.112
1.249
. 875
.888
1.126
881
.848
.915
. 904
.849
. 906
.912
1.1 G6
. 904
. 877
,921
. 904
.846
. 9G1
-824
.928
1.088
.990
1. CC-4
1.C82
1.14C
. 806
.WO
.945
1.188
1. 346
1. 118
1. 001
1.159
1, 236
1. 315
1.113
1. 247
1. l>00
1.364
1.130
1. 015
1.180
1. 241)
3.330
1. 121
1.255
1.129
1.002
1.064
1.084
1.146
1.035
1.103
1.169
1. 290
1.036
1.172
1.154
1. 214
1.264
1.264
1.233
1.259
1. 324
1. 113
.848
. 826
.888
.913
soi
. 675
1.397
1.402
L422
1.411
1. 423
1. 4;JI
1.242
1.043
. 902
1.189
; " ;
1. 203
1. 048
, 909
1.2S1
1.
1.
.
1.
281
051
908
251
1. 339
1. 2f>9
1. 036
. G07
1. 257
1.370
1 2*>o
1.059
.913
1 284
1 376
1 274
1.071
.930
1. 308
1.352
1. 239
1. 090
.959
1. 293
1. 382
1. 321
1.133
. 907
1.287
1.149
.983
.825
.959
1. 127
. 982
.822
.972
1.162
.981
.820
3.002
1.186
1.013
.822
1.011
1.177
1. 007
.813
1. 030
1 165
1.011
833
1.095
1.219
1. 908
.886
1. 131
1. 236
1. 049
. 905
1.143
.778
.661
.794
.662
. 786
.673
.789
. 676
. im
.075
.793
. 675
.815
. 684
. S33
. OSS
. 783
1.025
. 793
1.045
.800
1.C5C
.796
1.058
.828
1.070
. S35
1.095
.841
1.101
.917
1.67
.917
1.67
.917
1.68
.938
1. 08
i. 70
.908
1,73
.963
95.70
.940
.957
. 907
Co. 30
. 953
.82
.81
.80
83
85
87
88
76
61
7
78
62
8
79
63
8
80
63
8
1.882
1. 398
1.345
1. 2G1
1.055
.900
1.222
l.ses
*• 1 . 4 1 6
1. 444
r 1
r
r-Q
1.474
1. 180
r
. 094
' 1. 322
r
1.21,
'1.181. 221
1.30.
1.16?
241"
.23:
361
1.35c
.311
. 35*
,43f
17,r
. 911
. 891
.956
.981
1 06C
r
1.03(
• 92C
r 1 098
r 1 250
1 355
1.437
1.292
1 472
.971
.94;
1.01,
. 99.971
1. I K
.88"
1.011
1.071
1,291
1.471
1.22(
1.101
1. 201
1. 34*
1. 42'
1. 29c
1.47"
1.473
1. 49"
r 1 502
1.595
997
r 980
980
r 904
851
l 052
r 1 288
1 401
T
1 212
r 1 4,57
A(\-
1.205
r 1 004
r
1.311
1.21.
l.Olf
1.304
1.275
1. 053
1 258
1.097
910
1.20C
1 .147
i 13'C>
. 91C
1. 121
.831
.703
. 834
.703
r 830
. 008
. S3.
. 09S
. 851
1.121
.859
1.135
' . 870
1.146
.889
1.155
.891
1.14-
.988
1.74
1. 004
1.76
1.018
1.77
1. 034
1.80
1.058
1.81
1.071
1.8.
.973
.949
97.40
1. 065
1. 091
1.139
106 00
1.136
.GO
.75
.75
.76
.78
.81
.80
.Si
%
92
93
93
94
95
90
97
04
9
82
64
10
83
65
10
84
65
9
85
66
9
85
66
9
80
(37
9
8"
' 6*
1C
1 222
1. 956
851
1,105
T
r
.091
PUBLIC ASSISTANCE
Total public assistance
. mil. of dol
Old-age assistance, and aid to dependent children and
the blind, total
,
mil. of dol
Old-age assistance
_
„_
do _.
General relief
... . _ „ _ do. _„
"89
p 08
T 10
' Revised. J Dale for October 1, *> Preliminary. § Sample was changed in November 1942; data arc not strictly comparable with figures prior to that month .
* The average- for workers who were employed in February was $1,217; this average is aiTected by strike conditions, since maintenance workers were left on during the strike
while low-paid production workers were out: the average is therefore omitted from the table above to avoid misinterpretation.
• The comparability of the series was affected by a change in the data in July 1945; see January 1946 Survey for June 1945 figures on both the old and the new basis.
JData beginning April 1945 are not comparable with earlier data; see uote for hours and earnings in telephore indiu-lry at the hv\ lei., oi i>. &~il> of the April 1946 Survey.
IRates as of October 1,1940: Construction—common labor, $1,073; skilled labor, $1.85.
*New series. Data on hourly earnings for 1937-43 for the telephone industry are shown on p. 20 of the May 1045 Survey (see also rote marked " J " above regarding a change in the
data in April 1945) and data for the telegraph industry beginning June 1943 are on p. S-14 of the January 1945 issue. Data on hourly earnings beginning March 1942 for the other
nonmanufacturing industries and beginning August 1942 for the printing and publishing subgroups are available, respectively, in the May 1943 and November 1943 issues, and data
back to 1939 will be published later.
fSee note " t " on p. S-13.
Nov .-lnber 1940
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics t h r o u g h 1941
and descriptive notes m a y be found in t h «
1942 S u p p l e m e n t t o t h e Survey
Septem- September
ber
S-15
1945
1946
October
1946
Novem- December
ber
January
February
March ! April
May
June
July
August
FINANCE
BANKING
Agricultural loans outstanding of agencies supervised
by the Farm Credit Administration:
Total
_
mil. of dol._
Farm mortgage loans, total
_ ._.__do
Federal land banks
,__..do
Land Bank Commissioner
..
..do
Loans to cooperatives, total
, ___.do_.._
Banks for cooperatives, incl. central bank-.do
Agr. Marketing Act revolving fund
do..._
Fhort term credit, total,.
__do...._
Federal intermediate credit banksc?—- ...do....
Production credit associations
do
Regional agricultural credit corporations...do
Emergency crop loans
, .
do__«_
Drought relief loans__
_..._..-_-do
Bank debits, total (141 centers)!
_-do
New York City
..do.....
Outside New York City
„
dc_.._
1,776
1, 209
1,015
194
144
138
3
423
29
252
4
105
33
79,119
35,670
43,449
448
31
274
4
106
32
79, 330
37, 208
42,122
44, 268
23, 976
294
23, 264
17,083
4A. 268
17, 822
15, 682
1,089
24.3 53
42,8
44, 093
23, C4S
347
22, 904
IS, 049
43, 487
17, 550
15,537
1.014
24,131
43.3
43, 889
23,630
626
22, 601
IS, 075
43,277
17,659
14,353
027
23,993
43.4
43,652
23,357
279
22. 732
18,097
43,030
17, 451
15,606
959
23,925
43.7
37,056
38,026
37, 610
37,116
38, 212
11,092
52,058
37,933
2 123
1(1227
9, 566
9,416
106
10.162
53, 021
37,741
2, 160
16,481
9, 695
9, 526
123
10,056
52, 970
36, 990
2, 243
14, 536
9, 756
9,582
127
9. 381
.50,285
48, 664
1. 701
12,130
26,737
8, 036
3, 384
15,880
7, 249
2, 791
49, 648
1, 742
12, 778
27.184
7, 944
3, 365
15,190
7, 300
2. 337
A% 511
1,517
12.860
27,234
7,900
3, 452
35,178
7.382
2, 345
46,812
785
11,944
27, 034
7,049
3, 467
15, 690
7,464
2, 823
2,658
1,095
83
1,714
2, 687
1,107
56
1. 703
2, 520
1,129
55
2,747
2, 382
1,152
68
1,801
3'2
'M
71.W1
?2, 246
Federal Reserve banks, condition, end of month:
Assets, total
do
Reserve bank credit outstanding, total
do.....
Bills discounted
„_._.-._
...___.._c!o_.._
United States securities.-.
__>..«_».do
Gold certificate reserves ®
...do.....
Liabilities, total
do....
Deposits, total
.„__.. do
Member bank reserve balances
do. — .
Excess reserves (estimated)
.......do....
Federal Reserve notes in circulation......__..do
Reserve ratio
_
percent.
Federal Reserve weekly reporting member banks, con
dition, Wednesday nearest end of month:
Deposits:
]
Demand, adjusted
_.
____inil, of doL_|
Demand, except interbank:
i
Individuals, partnerships, end corporations-do
States and political subdivisions...
do
United States Government
.
do_..__
Time, except interbank, total
„___
do..__
Individuals, partnerships, and corporations-do.......
States and political subdivisions
do
Interbank, domestic._
._
_.._do__._
Investments, total
„
do
IT, S. Government obligations, direct and guaranteed, total
mil. of dol».
Bills
_..
..do...._!
Certificates
..._
....do
I
Bonds (incl, guaranteed obligations)
do
Notes
do
Other securities
..do
Loans, total
.__
.__do
Commercial, industrial, and apricultaral§_-_Qu—_To brokers and dealers in securities
.
do......
Other loans for purchasing or carrying securities
mil. of dol_.
Real estate loans
_..._.do._..
Loans to banks
_..._
__do
Other loans
. . . _..__„
do....
Money and interest rates:?
Bank rates to customers?:
New Ycrk City
.„_
percent..
7 other northern and eastern cities
____<lo.___
11 southern and western cities
do
Discount rate (N. Y. F . R, Bank) •_
do
Federal land bank loans*
._ do_.._!
Federal intermediate credit bank loans
....do
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers', 90 days
do J
Commercial paper, prime, 4-6 months
do.__. i
Time loans, 90 days (N. Y. S. E.)_
....do....|
Average rate:
j
Call loans, renews! (N. Y. S. E.)do...
U. 8. Treasury bills, 3-mo
do—..!
Average yield, U. S. Treasury notes, 3-5 vis.:
Taxable*
.
do..—
Savings deposits, New York State savings banks:
Amount due depositors
____mil. of dol__
U. S. Postal Savings:
Balance to credit of depositors
.
do_
Balance on deposit in banks.
..do
373
29
208
5
97
33
80, 786
38, 819
41, 977
1.772
1, 226
1,022
205
154
148
3
391
28
226
4
1C0
33
66, 708
30, 498
3G, 210
1,782
3, 2*6
1, 028
228
162
158
44, fill
24, 617
23, 472
?h,"
40,247
110
9,762
4C, 444
45, 489
975
9, 832
25, 729
8,953
3, 248
13,632
8, 778
2,481
1.00
4.00
i. m
1.00
.375
1.00
4.00
1.50
1. 00
, 375
1,770
1, 236
1. 022
214
161
156
1.00
4,00
1.50
too
4.00
1.50
1,770
1,198
1,012
186
125
120
45, 9H>
43,807
23, 518
44,828
24, 456
254
157
22, 932
18, 092
43,807
17.365
15, 653
23, 783
18, 103
44, 828
18 206
807
24,064
43.7
38, 941
:3TT I
2, 933
6
l.or
2,221
1,195
i'l
1,866
I
!
I
'
1.00
4.00
1.50
1.00
4.00
1.50
1. 25 j
i . 99
n .12
8. 419
3,013
3.043
5
fi, 506
2, 364
877
235
189
272
M
66
101
6, 564
2, 408
879
245
184
274
14
61
100
6.978
2, 507
905
264
188
279
14
59
101
45,045
24, 748
331
23,946
18,098
45,045
18,294
16,245
1,085
24,412
42. 4
30 522
39, 302
39,303
" ( \ 50S
39,273
2, 245
6, 550
10, 280
10,075
145
9,242
44,905
ici 123
2, 13') I
8 'TO I
'?, 27 [
7, 2 r ) ( !
10.214
in o:o
13')
I'.iMl
4 ->,' 7C0
43, m
42, 269
773
41,463
758
8, 762
27,089
4,854
3, 442
15,078
8.496
1,371
9, h(>~26, <)M)
4, O.v
3, 4M
8,560 i
1, 606
1,307
172
1.97G
2.113 I
J,2°S j
71
1,810 '
1.75 ...
2.34 i_2.93
1.00
4.00
1.50
8,357
2,981
5
1,112
24,191
42.7
44,625
24,104
245
23, 633
IS, 105
44,025
17. SCO
15,901
856
24, 244
43. 0
'i.':"!!!
.47
5
1. 84
2.51
2. 97
1.00
4.00
1. 50
1.00
4. 00
1.50
1.00
4.00
1. 50
l! 25
1.25
.71
.81
1.50
1.00
•50
1.00
1.00
.375
. 375
1.18
1 1.15
!
i 1.13
8, 502
2,909
130
125
2
470
32
302
3
102
31
73,900
30,216
43, 684
1, 751
1,151
989
i ; / o : 3 | MJ; u I
7,-'73 ! 7, - J ,
2,201 J 2.167 I
1.00
375
i 3.03
78,191
34,972
43, 219
1,770
1,109
]'. 001
108
124
118
3
477
33
305
4
104
32
82, 374
37, 357
45, 017
JO, 0(-8
10, ."5'
27,402 i 27, 171 !
r>.924j
C.'.<>\
1.00
.375
i 1.10
77, 518
35, 085
42, 433
9,5,'M !
49, Gel) J
.44
.75
1.25
.375
174
118
115
3
479
34
304
4
105
32
l\:c\ j
.44
. 75
1.25
1. 00
179
124
119
3
466
32
291
4
106
32
2 4.'it'i i
.44
.75
1.00
1,779
1.182
1, 008
12.363 i
.44
.75
1. 25
.375
1,777
1,188
1, C09
8.034
3,066 ! 3,091
8,762
3,120
5
T
1 1. 14
8,825
8,875
3,100
r 3,188
r6
CONSUMER SHORT-TFRM CREDIT
Total consumer short-t-^rm debt, end of month*.-do
Instalment debt, total*
do ..
8ale debt, total*
..do
Automobile dealers*
__. . n o . , .
Department stores and mail-order houses*._d<>._.
Furniture storos* .
. _ .. d)_ ..
Household appliance ston-s*
do .
jewelry stores*. _
__ . . . .
do
Ail other*
6.000
2.086
t\. 344
2. 190
'.315
?
,652
957
289
200
288
15
60
105 I
2.789 I
1,004 j
318 j
206 i
295 I
16 |
61 I
108
7, 702
2, 908
j , 035
r
7,8-13 i v 8,156
r 3,031 J PZ, 182
f 1,072 t P 1, 126
3:)o |
2! 3
2U9
P394
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistic© tlirough 1941
and descriptive notes rnay b® found in the
1942 Supplement to the Survey
1946
1945
1946
September
November 1946
Novem- December
ber
October
September
January
February
March
April
May
June
July
August
FINANCE—Continued
CONSUMER SHORT-TERM CREDIT—Cont.
Consumer short-term debt, end of month—Continued.
Instalment debt—Continued,
Cash loan debt, total*
_____
mil. of dol~ v 2,129
P825
Commercial banks*
_-_.__do__-.
P!64
Credit unions
___
____do
v 102
Industrial banks*
___do___.
*>87
Industrial loan companies*
_.do
v 544
Small loan companies
-_do
v 304
Insured repair end modernization loansV.-do
v 103
Miscellaneous lenders*
do
Charge account sale debt*
._
do___. *• 2, 495
v 1, 736
Single payment loans*.
_
__._do
Service credit*
.
do
Consumer instalment loans made by principal lending
institutions:
p 156
Commercial banks*
____xnil. of doL.
y 31
Credit unions
_do
v 19
Industrial banks*
.do
P
17
Industrial loan companies*,—
_do
t-98
Small loan companies
,____.__
do
1, 462
471
128
76
70
445
179
93
1,981
1,616
772
1?487
464
127
76
70
446
181
93
1,701
1,659
782
1,529
522
128
78
71
452
184
94
1,692
1,671
793
1,602
564
132
82
73
462
194
95
1,972
1.695
804
1,695
608
137
85
76
482
210
97
2,138
1,710
815
1,785
656
142
88
78
492
231
98
2,188
1,708
822
1,873
700
149
92
79
506
248
99
2,327
1,697
830
101
23
18
16
133
104
19
14
14
76
105
19
14
14
80
132
24
18
16
103
138
25
18
16
105
148
28
19
16
97
148
28
19
17
99
17, 372
16, Of 0
4, 496
2, 632
2.221
514
761
320,128
32.815
18, 874
68, 395
200,044
1,539
26, 702
17, 438
16,123
4,452
2,613
2,199
722
801
313,803
35, 790
22,164
62,088
193, 761
35, 828
5,165
580
4, 585
699
1, 531
26,733
17,672
16, 328
4,391
2,597
2, 073
893
807
324, 437
33,132
17,629
64, 772
208, 904
36, 257
5,163
577
4,586
678
1,523
27, 556
18,705
17, 368
4,249
2, 558
2,044
526
811
440, 694
87, 495
25, 250
88, 207
239, 742
36, 502
5,152
574
4, 578
667
1,514
28,043
19,157
17,837
4,255
2, 584
2,047
527
599
352, 397
49,026
26,978
68, 278
208,115
36,660
5,138
573
4,565
656
1,507
28'. 260
19, 249
17,937
4, 290
2, 595
2,126
275
824
350,147
42, 063
22,943
65, 579
219,562
36,882
5,148
569
4,579
632
1,500
28, 367
19, 857
18,035
4,298
2, 563
2,149
383
852
390, 879
43.661
24,090
71,010
252,118
37,080
5,163
575
4,588
622
1,494
28,545
19, 413
18,090
4,312
2,549
2,271
571
685
328, 586
40, 283
21,663
59, 268
207, 372
37, 274
5,189
581
4,608
608
1,488
28,823
19, 551
18,239
4,332
2, 583
2,357
465
701
368,987
47,047
21,975
66,580
233,385
37,911
37, 552
37, 765
5, 226
5, 213
5,255
590
592
587
4, 636
4, 663
4,626
601
602
597
1, 479
1,484
1, 475
29,
069
28,927
29, 335
19, 688
19,645
19, 701
18, 368
18,323
18, 382
4, 390
4,322
4. 400
2,556
2. 536
2,531
2,404
2, 455
2,703
715
651
56!>
675
675
683
368, 226 361, 400 343, 080
38,324
37, 944
61, 363
20,413
25, 233
25,199
73,043
63,834
63, 947
237,446 210, 891 216, 069
194,408
89, 344
30,011
16,813
14,138
34, 309
10, 853
228,153
109, 531
40,350
8,266
15,690
31,934
?2, 2b?.
212, 755 239,748
101,319 101,343
30,731
34, 373
7, 269
6, 300
14,523
15,950
58,906
31,699
26,976
261.549
120, 377
40,344
8, 294
21,074
46,104
25, 356
221,902
104,642
32, 587
7,179
15,597
38,179
23,718
254,135
116,356
35, 793
7, 987
16, 227
49, 559
28,213
236, 574
110,072
34, 479
7,459
16,278
38, 690
29, 596
235,837
108,866
35,374
7, 584
16,904
39, 253
27,856
221,997
98,789
29,860
7,438
17,309
44,063
24,538
'J6S
J79
C83
006
i.S-1
1,332
428
121
71
64
395
165
88
1,666
1,490
758
1,293
413
120
70
64
387
152
87
1,470
1, 466
756
1,385
448
124
73
67
409
174
90
1,835
1, 556
763
r 1, 959
056
V 792
745
V 158
154
p 100
'96
v 84
81
V
520
535
p 285
2G3
V 102
100
v 2, 418
2,281
1,695
v 1, 714
V 842
'836
156
29
••20
17
106
V
164
P30
p 18
V
110
LIFE INSURANCE
Life Insurance Association of America:
Assets, admitted, totalt A
...mil. of do!.. 38,079
5, 289
Mortgage loans, total
do
592
Farm
do___.
4, 697
Other
...-.do
594
Real-estate holdings
do.__
1,475
Policy loans and premium notes.
__do
29, 504
Bonds and stocks held (book value), tota?
do
Govt. (domestic and foreign), total
do_.__ 19,754
18, 425
U. S. Government
do
4, 454
Public utility
______
__do
2, 522
Railroad
._____do
2, 774
Other——_—_— — _ —
„__._
do
540
Cash
,__do____
677
Other admitted assets
do
Premium collections, total®
thous. of dol_. 352, 230
38, 807
Annuities
„__
do
23, 085
Group
.
do
71,062
Industrial
_do
219, 276
Ordinary
do
nstitute of Life Insurance:'
P a y m e n t s to policybolders and beneficiaries,
total
thous. of doL
Death claim payments
— __
do
Matured endowments_
do
Disability payments.do
Annuity payments
___.._
,
__do
Dividends.
,
do_. _
Surrender values, premium notes, etc.
do_.
Life Insurance Agency Management Association:
Insurance written (new paid-for insimnjc): f
Value, total
thons. ofdol.
Group
.
. . do . 2o8, 5W)
?Hi, 116
Industrial
.do.
Ordinarv, total
.... . . .
. do. J5
New England
_.
.d«_ .
Middle Atlantic
.do..
East North Central
..do...
West North Central
do .__
1-S. 777
South Atlantic
do
East South Central.
__do j 47, 732
West South Central__>
do_._ ' 94,957
38,138
Mountain
do
Pacific
do__ _.' 121,266
35, 631
5,153
583
4,570
35, 433
5,166
584
4, 582
723
1,548
714
26, 721
JV4
95,
222,
i.S4.
C4,
251
is.;, 31 0
18'i,' 772
k
r-MM
Z'i502
013
a,
26, 005
25,
88,
86, 732
225, 877
106, 743
32, 923
7, 496
16,881
36, 694
25,140
216, 264
101,276
28, 974
8,120
16, 950
35, 601
25,340
J.-H9.014 1,350,915 1,516,833 1,816,315 1,971,219 1,956 796 1,863,485 1,952,159
145, 517 183,743 284, 896 200, 518
138,376
244, 760
' 49, 780
88,416 113,803
359,369
338,999 323, 861 323, 504
359,324
2^3, 15!
275,647
307,074 355,691
941, 10H 1,025.488 1,121,343 1,346,821 1,473,519 1,451.910 1,340,743 1,343,402 1,272 730
92, 405
83, 317
63,267 I 7 8 , 2 3 5 I 83,573
109.744
103, 655
95, 427
99,114
235, 875
288,146
363, OPS 336, 659 327, 627 301, 929
311,753 364, 915 395,030
202,162
230,310
314,327 290,952 292, 432 282. 453
247,889 296, 874 321,302
96,091
130,475 130,779 127,881 125, 687
94,
.100,841 123, 992 135,066
159, 507 158,822 145,156 154, 781 142, 193
95, 80S 101,263
113,212 142,648
36.008
59, 598
53, 232
57. 384
54, 326
55, 645
37, 231
52, 013
41,642
109; 597 121,878 107.384 112, 081 108, 188
78, 747
69,120
70,749
86,870
43,772
43, 087
42, 803
43,983
38, 662
40,797
31, 561
20,107
32,159
150,308 137,944 139, 036 132,
95. 579 103.404 129, 483 141,907
101,807
MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso.
Brazil, free c?~dol. per cruzeiro.
British India
_.
dol. per rupee..
Canada, free rate§
~__dol. per Canadian doL.
Colombia
__dol. per peso..
Mexico
„__
do
United Kingdom, free rate§~
._
_.dol. per £
Gold:
Monetary stock, U. 8_
mil of dol__
Net release from earmark©
».thous. of dol,..
Gold exports 5
.
,
.
do..
Gold imports 1
"1
do
.298
.054
.302
.9C3
.570
. 206
.033
.298
. 052
.301
,899
.570
.206
4. 025
4! 032
305
300
846
20, 073
-19,009 j
261 !
P 757 (
9A ns«
34, 647 |
6,742|
2,425'
298
052
301
904
570
,298
.052
301 j
907
570
206
4! 034
2C-6
20, 030
38, 202
2 357
3 146
.298
.052
.301
.907
.570
.206
4.034
. 052
.301
.907
.570
.206
4. 034
.298
.052
.301
.907
.570
.206
4.034
.298
.052
.301
.908
.570
.206
4.034
. 298
.052
.302
. 907
.570
. 206
4.033
20.065 ! 20,156
- 4 , 257 1-12,529
20,146 i
116
30 390 : 154 186
20,232
- 5 , 770
467
82,906
20, 256
19, 729
361
31, 757
20, 251
15, 090
28,423
7,889
20, 242
27, 461
28.707
1, 679
.298
.052
.301
. 907
.570
,206
4.034
.298
.052
.302
.906 I
.570 1
.206 1
4.034
20,270
15,010
748
37,077
.298 !
.907 !
. 570
.206
4. 034
j
20,207 I
7,996 i
2,529 I
8,877 I
. 298
.054
.302
. 968
.570
. 206
4. 034
20. 280
60, 123
10,816
26, 027
V
9
T
f
2 p - _t < M a t i il 1
'"Revised
» I clJQia*"\.
hv
, jf ill I n r}c l ^t-^tcs
legal reserve companies.
+ 6o ip. ii
l
li
cf f p s i f c ilipr 1f) t w i \ t v ui 1 ( r li ' ^ 1 10 ( ' 1 ii 11
t< 1^ 1 Free rate prior to August 1945 available on request.
f
A I n J ^ n u i r j 1944 <~r e c o m p a n y v*as teplacc d o y 11 ^r^t
\
r^vi>,
us
or
January-September 1943 are available on request,
^ 39 corr £ mies I m m g SI p^ro rit of the )t 1 *if 11
• Or increase in earmarked gold (—).
t1 c u M m l i i sr m a1! L i,u 1 M IN S leg ro-, -\c rcompmies.
§ D i f o f )T t h e U n r e e l i v i n g d o m t h r o g h T r i e l f ^ '•he v u &\ o\e
r
per od
"Trie o f i c 1 n f p f>i T i n d i n 1" M n > f {
n 1U0 \ i
lished later.
Ft riiqn 1 3 <-mw i v\ c arlier issues are the official rate; there was no free rate during this
1 h J ilv 1 ' > t ( urrency was revalued on July 5; the average rate for July 1946 was
^ a t a 1 i k ti
t J
U(\1\
$0 °8^ T d tl e 1 *( t^un lftcr, $1 p 0 )
1 Public it oi >f ( ita vi«m >u«;pr-rf< d *v * jw t v ( \ 11 1 i ) 7 ? f a r 0 • i ^c
•NtwsncF s t i m i r e s o f c r ^urru~- v >r* t t r i r cr v L a ^ r , i i n i
^l^ii 5 i
iij t h a t i<^< p d T i 1 t \ d r i o u c »mpc n t s i \ e nl ^ 0 1
f * c r \
('i
if
of *]» Apiil ! ' « > « i-\ v D - t i f t r i u u ^ t r H i i i U q
iti ' vt_ il 1
r r
, 1
v
iold< r^ ^nd r r 1 fi r r u - I T S ' t e^* 1 l^vt 1 tot J p q ^ i r t rfv. n t l x C 1 1 1 ^ <
I9 4 6tfurv v^
f
l^evise * ^ r u ^ A'l s^ne ff 1 l n s m i r c p w i n e r arc c * T 11U
1 it - I P at 1
Dubhshed T t l n <\^v\e\ prior to the V T^r l°46 is 11. ( nn n t m xb^i 1 u.t f r t v u
u
1
T
1 IPS h «t i h B " can i j u b l i s e d \ +he 19
^upn r c
iid *-u unit i - J ' ^V
' tlh*"o 1 ( hruirv i^i1) v il1 b* published later.
! i i ' i i ] L t ' ( N o \ t N r 1942 Survey, pp. 16-20, and the general estimating procedure described
u1
n\ l O t ^ ^ h t ' a t i t t been published are indicated in the note marked "*" on p. S-15
01 r T-1 ^1 ow n ct n bn ^d a^ industrial banking companies. The series on payments to policy11 c M
> b^ Cara lian companies (see also note marked "*" on p. S-16 of the April
1
ib t1 1 pp ioi i f cV" for ordinary insurance, are revised series not comparable with data
+hf c s IT iq*< b) 1 U dna n for ordinary insurance continue the data from the Life Insurance
s of the S I M L . ™\ i data for 1940-44 for industrial, group, and the total will be pub*
November 1946
SURVEY OF CURRENT BUSINESS
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the Septem- Septem1942 Supplement to the Survey
S-17
1945
October
1946
Novem- December
ber
January
February
March
April
May
June
54,749
39,101
8,203
3,416
8,384
3,993
28,245
28, 254
July
August
FINANCE—Continued
MONETARY STATISTICS—Continued
Gold—Continued.
Production, reported monthly, totaii
thous. of dol..
Africa
....do
Canadai
do
United Statesi
do
Money supply:
Currency in circulation-.
mil. of dol_.
Deposits adjusted, all banks, and currency outside
banks, total*
---mil. of dol._
Deposits, adjusted, total, including U. S. deposits*
mil. of dol. Demand deposits, adjusted, excl. U. S.* do
Time deposits, including postal savings*._.do
Silver:
Exports A
thous. of dol__
Imports A
do
Price at New York*
....do!, per fine oz_.
Production;
Canada
thous. of fine oz
United States—.
do..
52, 756
38,603
7,404
55, 739
40,083
8,034
54,686
39,000
7,726
3,822
54,896
38,110
8,391
3,635
55, 758
39,086
8,346
28,049
28, 211
28,515
27,917
163,000
167,300
175,401
50,981
36, 054
8, 013
3,283
50,656
34,090
8,677
3,639
53,900
38,047
3,236
55,857
39,959
8,412
3,158
27,954
27,879
27,885
28,120
•176,500 ••177,300
173,600
174,400
173,500 '171,237 »170,400
'170, 200
148,911 ••150,400 151,200 147,500 148,200
75,851 ' 76,800 «• 76, 400 r 75,000 '77, 500
48,452 v 49,000 ' 49, 800 r50,100 '•50, 700
147,200 '144,721 »143,900
'78,600
79,476 * 30, 300
'51,200
51,829 ^52,300
143, 600
*80, 600
J>52, 800
2,729
28, £07
8,092
8,310
r
28, 448
27,826
»169, 500
*>142,700
»80, 900
J>53,100
162,900
136,800
75,600
46,900
137,600
78,200
47,700
141,000
80,000
47,900
1,147
5, 557
.801
84
1, 569
.529
236
5,768
.707
9,528
2,836
.708
12, 592
3,173
.70S
20,937
2,490
.708
4,794
3,679
.708
1,602
.708
963
2,300
1,036
2,780
1,096
2,654
1,153
2,031
' 1, 204
2,153
1,042
1,495
1,166
513
119
2,918
268
930
.708
322
1,187
.708
106
7,089
.901
273
8,283
.901
1,056
344
1,038
409
1,175
1,063
1,267
1,395
2, 583
P R O F I T S AND DIVIDENDS (QUARTERLY)
Industrie! corporations (Federal "Reserve): <?
Net profits, total (629 cos.)
mil. of doL.
Iron and steel (47 cos.)....
dc___.
Machinery (69 cos.)
do....
Automobiles (15 cos.)
_.
do
Other transportation equip. (68 cos.)
do
Nonferrous metals and prod. (77 cos.)
do
Other durable goods (75 cos.)..__.
do
Foods, beverages and tobacco (49 cos.)., _.
do
Oil producing and refining (45 cos.)
do
Industrial chemicals (30 cos.)
_..
_
do....
Other nondurable goods (80 cos.)
do
Miscellaneous services (74 cos.)__...
do
Profits and dividends (152 cos.):*
Net profits..
.
do....
Dividends:
Preferred
do.....
Common
do
Electric utilities, net income (Fed. Res.)*
do
Kail ways, class I, net income (I. C. C.)
do
Telephones, net operating income (Federal Communications Commission)
...mil. of dol_.
439
37
35
46
•36
23
20
60
61
43
37
485
49
47
58
136
27
26
58
37
51
40
58
224
21
143
110
r
126.8
323
20
12
65
56
63
62
82
601
66
47
23
142
25
32
73
60
67
73
93
246
116
244
22
182
145
*20.0
20
146
196
13.7
21
153
151
48-4
72.7
70.7
22
*19
PUBLIC FINANCE (FEDERAL)
U. S. war and defense program, cash expenditures, cumulative totals from June 1940:*
...mil. of dol.. 343, 542 309, 754 314,872 319,063 323,416 326, 961 329, 773 332,432 334,995 337,110 339,264 340,497 342,061
U. 8. Savings bonds:*
49, 493
48,936
49, 336
49, 560
46,741
48,224
48, 718 48,756
Amount outstanding
,
do
46,786
47,473
48,617
49,053
48,849
594
758
626
590
494
Sales, series E, F, and G__
._do
514
1,254
622
625
1,184
960
571
668
552
537
482
634
478
528
559
565
Redemptions
do
533
630
616
519
621
265, 369 262,020 261,817 265,342 278,115 278,887 279, 214 276,012 273,898 272,583 269,422 268,270 267, 546
Debt, gross, end of month®
...do
Interest bearing:
240, 364 239, 111 238,862 242,140 255,693 256,801 257,016 253,613 251,487 249,960 245,779 243, 994 242,916
Public issues
do
23, 045
23,443
21,481
21,135
Special issues §
_.do._._ 23,854
20, 519
20, 577
20,710
20,000
20,897
20,655
22,332
21, 224
1,143
1,264
1, 231
1,187
1,151
»2,492
1,301
Noninterest bearing
_
do
2,391
>2,378
2,421
1,431
1,311
1,188
Obligations fully guaranteed by U. 8. Oov't:
542
324
553
370
391
545
542
Total amount outstanding (unmatured)
do
539
527
541
536
467
533
Expenditures and receipts:
4,514
2,796
2,851
5,445
4,602
3,677
3,510
Treasury expenditures, total
do___.
5,950
4,656
4,891
6,611
5,513
4,251
2,182
1,190
1,100
2,550
1,509
5,126
4,245
3,417
2,702
5,367
4,226
War and defense activitiest
...do
2,442
2,560
631
13
95
32
23
Transfers to trust accounts{__.._.
.do
34
38
684
148
0
0
5
200
106
122
309
646
249
172
84
817
118
648
647
Interest on debt
do....
174
1,395
1,294
1,152
543
1,383
2,444
615
384
482
1,070
563
346
1,671
All other*
do
1,316
2,998
2,581
4,122
3,848
3,875
5,762
2,600
2,717
2,609
4,482
Treasury receipts, total
_
do
4,481
5,192
2,734
2,733
4,479
2,539
2,434
2,374
4,118
3,819
2,530
3,678
5,747
4,478
5,189
Receipts, net
_do._._
2
42
40
35
32
42
44
36
33
35
30
42
Customs
do
42
2,308
2,494
2,383
3,948
3,451
2,340
3,684
2,251
4,080
Internal revenue, total
do
4,847
5,583
2,310
4,291
1,407
1,513
1,524
3,366
2,755
1,593
2,790
1,603
3,392
1,488
Income taxes
_do
4,208
4,838
3,350
285
302
51
58
257
310
65
Social security taxes..
do
76
67
100
Net expenditures of Government corporations
—432
187
—255
—870
136
—74
—31
—75
—757
75
—18
wholly owned
mil. of dol...
-161
Government corporations and credit agenciesrf
34,042
34,396
33,553
29,869
Assets, except interagency, total
mil. of dol._
5,487
5,558
5,297
5,381
Loans receivable, total (less reserves)
do
3,075
2,935
2,873
3,097
To aid agriculture
do
825
896
760
961
To aid home owners.__
do
196
223
195
232
To aid railroads
_do
200
185
232
197
To aid other industries
_do
25
43
40
23
To aid banks
-do
185
132
235
227
To aid other financial institutions
do
665
972
521
526
Foreign loans
do
715
707
845
All other
_
..do
' Revised. » Preliminary. * Deficit. § Special issues to Government agencies and trust funds. <8> Data are on basis c! Daily Treasury Statement (unrevised).
i Partly estimated.
* Includes prepayments on securities sold during loan drive beginning in the month but issued after the close of the month.
• Quotations are ior foreign silver through July 1946 (figure lor that months covers July 11-31); thereafter quotations apply also to domestic and Treasury silver if such silver enters
into New York market transactions. The U. S. Government price for newly mined domestic silver was $0.7111 through June 1946 and $0,905 effe ctive July 1, 1946.
5 The total excludes Mexico included in the total as published through March 1942; January-May 1942 and 1943 revisions for the United States and the total, and 1941 revisions
for Canada and the total are available on request; see notes in the April and July 1946 Surveys regarding revisions in the 1944 and 1945 data for the United States and the total.
A Publication of data suspended during the war period; data for November 1941 to February 1945 will be published later.
d* The totals for 629 companies, the miscellaneous group, and net profits of 152 companies have been revised beginning 1941, transportation equipment beginning 1942, and other
series for some quarters of 1943; revisions are shown on p. 31 of the October 1946 issue.
JFor 1941 revisions see p. S-17 of the November 1942 Survey; debt retirements which have been comparatively small in recent years are excluded.
•New series. For data for 1929-40 for profits and dividends of 152 companies see p. 21, table 10, of the April 1942 Survey (see note marked "d 1 " above regarding 1940-44 revisions).
See note on p. S-17 of September 1944 Survey regarding the series on net income of electric utilities and data beginning third quarter of 1943, and p. S-16 of the August 1944 Survey
for a brief description of the new series on bank deposits and currency outside bank and figures beginning June 1943; earlier data for these series will be published later. Data beginning July 1940 for the series on the war program are shown on p. 29 of the June 1943 Survey; beginning July 1945 data are from the Treasury Daily Statement; earlier figures were supplied by the War Production B6ard. See note in April 1946 Survey for a brief description of the series on war savings bonds and p. S-16 of the October 1942 Survey f or sales beginning
May 1941; beginning March 1945, amount outstanding includes matured bonds not turned in for redemption. Data for expenditures oi Government corporations have been shown on
a revised basis beginning in the September 1946 Survey; see note in that issue for an explanation of the revision.
t Revised series. See note marked "f" on p. S-18.
%l
SURVEY OF CUREENT BUSINESS
S-18
Unless otherwise stated, *s?a fifties through 1941 1946
and descriptive notes may be found in the
Sep1942 Supplement to the Survey
tember
November 1946
1945
September
October
1946
Novem- December
ber
January
February
April
March
May
June
July
August
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)-Continued
Government corporations and credit agenciesf—Con.
Assets, etc.—Continued.
Commodities, supplies, and materials...mil. of dol
U. S. Government securities
_
do
Other securities
do
Land, structures, and equipment
do
All other assets
do
Liabilities, except interagency, total...
do
Bonds, notes, and debentures:
Guaranteed by the United States
do_.Other
do
Other liabilities
__
do.._
Privately owned interests
do
U. S. Government interests
_
_do
Reconstruction Finance Corporation, loan? outstanding,,
end of month, totalt
mil. of doL.
Banks and trust cos., incl. receivers-.____
_do
Other financial institutions
do
Railroads, including receivers
do . . .
Loans to business enterprises, except to aid in national
defense
._
mil. of dol_.
Nafional defense
.
»
...do
Other loans and authorizations
do....
2,487
1, 756
2,288
1,683
325
21,017
3,241
1,078
20, 816
3, 411
6,320
551
1,135
555
1,113
4,410
472
27,492
4,634
465
27.610
1,918
1,789
285
20,784
3,480
6, 856
j
!
!
|
!
:
|
j
|
1, 550
1,767
439
17,438
3,295
6,498
536
1,133
5,187
479
26, 218
2,012
277
113
102
1,826
275
111
202
1,847
273
106
201
1,861
104
198
100
192
1,807
229
99
171
40
746
633
40
755
443
144
682
442
145
707
440
145
694
461
146
703
459
1,827
234
1.776
223
89
172
325
1,234
4,939
482
22,889
I
|
!
i
175 !
689 :
427
1,680
221
87
171
140 i
642
420
219
85
171
143
656
416
1,474
214 I
83 |
171 !
1,453
212 !
81 !
148 |
1,433
208
51
147
171 I
168 j
419
416
429 |
415 i
158
459
410
SECURITIES ISSUED
Securities and Exchange Commission:f
1,465 j 2,136
Estimated gross proceeds, total
mil. of doL. 1,088
'1,542
'1,859 ; 1,360
4,403
14,447 |
1,305 : 1,937 ! 1,786
1, 585
1 180
By types of security:
1,352 !
Bonds, notes, and debentures, total
do.....
1,579
1,016
1,963
'1,257
1,633 ' 1,178
4,355 I 14,333 i 1, 406
1.168 ; 1.6S0
1, 122
695 i
Corporate.,
______ ___do.___
74
195
637
'377
315
104 I
387 !
239
447
909
425
280
78
Preferred stock
»__.do
55
r 129
34
24
43
111
146
99 '
25
109
154
74 :
34 I
Common stock
»_do.
17
156
126
148
24 |
71 I
61
68
64
63
103
33
By types of issuers:
808 j
1,082
152 '
Corporate, total
do
844
'663
672 '
267
497
417 I
682
500
253
297
140 j
233
63
Industrial
do
299
'421
134
189
188
289 ;
399
104
134 i
424 |
382
5"2
64
430
'182
Public utility
do
133
342 :
41
44
33
21G
79 !
140
274
249
0
7
77
35
3
Rail
do_.__
20
69
151
194 i
'9 ,
99 j
12
28
25
38
24
54
1
27
13
Other (real estate and
financial)
do.___
9
33 :
10 i
19 I
657
943
863
821
4, 251
13,947
1,333
Non-corporate, total®..—
______do____
1,054
883
'879
1,186 :
888 ' 1,255
606
793
778
742
U. S. Government
_
do
961
755
1,053 :
4,210
13, 650
1, 261
803
805 |
967
47
150
State and municipal
_
do
77
67
41
82
71
65
80
83 !
71
'124
'132
New corporate security Issues:
793
1,062
488
Estimated net proceeds, t o t a l s
...do .
148
491 :
291
405 i
825
' 655
666 j
Proposed uses of proceeds:
99
121 !
138
331
New money, total
do
156
25
111 |
153
'245
213
50
93 i
102
9
63 i
126
101
17
91
169 | ' 198
Plant and equipment.
... ..do
55 i
M8
49
29 I
54
16
49 I
206
37
62
'77
Working capital
.do
20
44 i
'129
65 i
683
124 !
147
117
873
94
350 !
658
' 331 ! '304
Retirement of debt and stock
__do
240
289 I
433
648
56 |
38
797
68
296 !
514
' 285 I '•218
222 I
Funded debt
-_do_._
257 !
320
r
1
18
19
12 |
'14
50
2
Other debt
__
__._
do
2
28
46
6
35
42 j
21
60
56
Preferred stock...
_
do
16
116
62
'40
30
19
11
20
I
10
6
34
15
14
Other purposes
do
10
!
25
17
29 !
Proposed uses by major groups:.
133
61 j
392
181 !
130
223
184 i
2S9
' 405
100
126
Industrial, total net proceeds.___
..do
412
21
95
313
108
70 !
98 '
127
'200
26
94 i
New money
do.....
87
198
113
37
I
74
107
!
154
'166
16
59
15
.
Retirement of debt and stock
.do
74
;
'123
195
42
566
41
213 I
424
>- 179
111
63 !
32
78 :
138
338
Public utility, total net proceeds
_____do____
378
16
5
6
2
I
24
!
1
1
6
10
181
13
New money
__
do....
533
372 j
34
56 !
31
418
188 i
77
'135
156
98
Retirement of debt and stock
_____do
132
43 !
246
270
3
150
76
192
35
'9
19
Railroad, total net proceeds...
__do._._
68:
0 j
98
7 I
9
27
0
3
2
16
New money
do
1
19 !
7
220
266
26
0
148
j
190
3
Retirement of debt and stock __
_.do__I_
o!
97
50 I
0 i
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)?
. . . . . t b o u s . of doL. 431,025 878,824 1,338.316 246,928 840,149 i 346,113 429,614 562, 023 1,096,711 11,044,800 866, 896 931,287 i 569,921
142,242 242, 521
94,438 243,977 ! 200, 347
419, 510
122, 291
231,340
200, 449 373,340 j 309,593 424,631
491,013
New capital, totalt-__________
.do
Domestic, totalt
--do____ 231,340 142,242 ! 237, 9~9 93,938 240,744 j 200,347 122,291 199, 549 373. 340 ; 301,752 424,631 491,013 418,510
104,820
59,
776
161,061
!
354,302
131,170
47,089
170,
290
209,
087
366.
543
i
:
191.930
127.
315
307,
350
289,600
Corporate?.
._
.
do
0
0
75 i
0
745
18, 280
0
0
0 ;
6, 855
9,145
15,970
22, 420
Federal agencies
do
56,922
37,422
34,
162
68,432
64,208
61,050
28,892
79,608
i
124,470
108,136
I
102,967
56,
264
61,321
Municipal, State, etc do
0
500
0
0
4 543
3,232 !
0
0 |
1,000
900
0I
0 I 7,841
Foreign
.
.
do
152,491
596,172 | 145, 766 307,323 361,574 723, 371 735,207 442,266 440,274 j 150,411
199, 685 736,582 1,095.795
Refunding, totalt
do
Domestic, total?
_do_.__ 198,925 732,082 1,069,702 128, 991 594,102 145, 766 307, 323 338, 374 698,371 727, 605 422, 7G6 385,774 j 125,661
78,
049
705,441
988,
631
144,180
337,010 !112,954 264, 262 284, 215 362, 663 663,502 366,065 345,174 i 92,057
Corporate?
_____
__.do_.__
42,440 ! 43,810 254,505 ! 29,900
40. 580
32,920
17,180
38,455
32,920
17,180
20,060
22, 980 325, 685
Federal agencies
__.do
7,132
38,331
!
2,912 I 23,001
16,120
9,461
2,587
8G4
16,
290
31,179
46,923
10.024
7,680 :
Municipal, State, etc
_
.do
23, 500
26, 093
19,500
4,500
760
2,070
25, 000
7,602
0
23, 200
54,500 : 24.750
Foreign
_ f
do
o
;
Domestic Issues for productive uses (Moody s):
I
56
146 '
151
239
306
78
117
199
188 i
236 |
Total.
mil.ofdoL.
se ! 145
22
117
90
82
210
175
22
67
55 :
84 |
153
Corporate
do
63 |
34
28
64
61
90
64
50
56
144
104 j
83
Municipal, State, etc...
___
do
33
Bond Buyer:
State and municipal Issues:
40,762
51,985
82,422
83. 674
75,934
67, 526
76,164 | 88,974 i 85,176
143,933 130, 851 138,678
Permanent (long term)
tnons. of dol~ 78,019
45,992
64.913 i 1,970
50,925 131,086
' 3. 482
131,893
14,734
59,710 ! 23,909 ! 57, 582
56,461
141.185
Temporary (short term)
_
do
' Revised.
» Less than $500,000.
<g> Includes for certain months small amounts for nonprofit agencies not shown separately.
§ Small amounts for "other corporate," not shown separately, are included in the total net proceeds, all corporate issues, above.
? See note in the April 1946 Survey regarding revisions in the data for 1944.
f Revised series. Data for Government corporations and credit agencies have been shown on a revised basis beginning in the May 1946 Survey; data for certain items were further
revised in the October issue to take account of recent changes in the classifications. The classifications are those currently used in the revised form of the Treasury Daily Statement.
All asset items, except the detail under loans receivable, are on a net basis (after reserves for losses); reserves against loan? are not completely segregated as to the type of loans to which
they are applicable and the detail of loans by purpose is, therefore, shown before reserves; most of the reserves are held against agricultural loans. Revised data beginning with the
third quarter of 1944 will be published later; earlier data are not available on a comparable basis. Revisions in the October 1946 Survey resulted from inclusion of guaranteed loans held
by lending agencies in the figures for agricultural loans, foreign loans, total loans, total assets and the appropriate liability items. Guaranteed foreign loans are included in the 1945
figures published in the May and June 1946 issues of the Survey; $569,000,000 and $262,000,000, respectively, should be added to the March and June 1945 figures in those issues for
agricultural loans, total loans, total assets, total liabilities and other liabilities to obtain figures comparable with later data shown above. June data include May figures for R. F.
C. and its affiliates. The classification of Reconstruction Finance Corporation loans was revised in the November 1943 Survey (see note in that issu^); the figures include payments
unallocated, pending advices, at end of month. There have been unpublished revisions in the 1941-44 data for security issues compiled by the Securities and Exchange Commission
as indicated from time to time in notes in the Survey; and revisions in the 1945 data as shown in the September 1946*and earlier issues; all revisions will be shown later.
43 I
SUEVEY OF CUREENT BUSINESS
November 1946
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the Septein- Septem1942 Supplement to the Survey
ber
S-19
1945
October
1946
Novem- December
ber
January
February
March
April
May
June
July
August
FINANCE—Continued
SECURITY MARKETS
Brokers* Balances (N. Y. S. E. members carrying
margin accounts)*!
Customers' debit balances (net)...
Cash on hand and in banks
Money borrowed
Customers' free credit balances
mil. of doL.
do
do
do
Bonds
Prices:
Average price of all listed bonds (N. Y. 8. E.)-dollars..
Domestic
do
Foreign...
„
do
Standard and Poor's Corporation:
Industrial, utilities, and rails:
High grade (15 bonds)
dol. per $100 bond..
Medium and lower grade:
Composite (50 bonds)
do.. —
Industrials (10bonds)
...do
Public utilities (20 bonds)
..do....
Railroads (20 bonds)
-do
Defaulted (15 bonds).__
do
Domestic municipals (15 bonds)f
>
do
U. 8. Treasury bonds (taxable)t—
—do—.
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
..thous. of dol..
Face value
do
On New York Stock Exchange:
Market value
_
do...
Face value
do
Exclusive of stopped sales (N. Y. 8. E.), face
value, total..
„
.thous. of doL
TJ. 8. Government
do...
Other than U. S. Government, total...do...
Domestic
—do___
Foreign
„.
.„
do...
Value, issues listed on N. Y. 8. E.:
Face value, all issues
mil. of dol.
Domestic
do.._
Foreign
___..
do
Market value, all issues..
do...
Domestic
do...
Foreign
do—
Yields:
Domestic municipals:
Bond Buyer (20 cities)
percentStandard and Poor's Corp. (15 bonds)
...do...
Domestic corporate (Moody's)
do
By ratings:
Aaa
do
Aa
_-_do....
A
_do—..
Baa
do
By groups:
Industrials
.do
Public utilities-.,
do....
Railroads
do....
U. S. Treasury bonds, taxable t-do
1,048
936
895
856
723
743
632
711
639
734
727
645
755
622
712
575
697
547
669
809
370
498
651
745
762
594
1,138
313
795
654
1,168
305
729
442
653
377
('47
102.15
102. 56
77.95
102.60
103.08
80.60
103.16
103. 61
81.88
103.28
103.71
82.50
103.64
104.04
82.65
104.75
105.14
82.32
105.19
105.69
82.11
105.29
105.69
82.69
103.89
104. 25
82.88
104.03
104.40
83.16
104. 21
104. 61
81.64
103. 52
103.92
80.97
103.10
103,49
80.15
122.8
121.6
121.9
122.0
121.9
123.8
124.5
124.5
124.3
123.7
123.9
124.0
123. 8
117.4
123.3
114.7
114.3
65.4
137. 8
103.3
117.1
121.4
115.6
114.4
74.5
137.0
102.0
117.7
122.0
115.7
115.3
76.6
137.7
102,4
118.3
122. 5
116.0
116.6
78.9
139.0
102.6
119.0
123.1
116.2
117.5
82.1
140.1
102.7
119.7
123.9
116.3
118.9
84.9
141.6
104.6
120.0
124.4
116.1
119.6
85.4
143.4
106.0
120.1
124.5
115.9
119.9
82.7
143.4
106.5
119.9
124.4
115.8
119.6
83.6
144.1
106.6
119.5
123.9
116.0
118.6
81.8
142.1
104.8
119.5
123.9
116.0
118.7
83.2
142.0
105.3
119.1
123.4
115.3
118.5
80.1
140.9
104.9
119. 1
124.0
115.4
117.7
78. 8
140.0
104.1
104,881
167,352
89,387
120,572
122,343
172,496
137. 749 138,499
162i 680 185,652
165,360
217,071
119,650
154,582
98,956
121,413
107,506
131,595
89, 462
107,064
83,438
97,833
73, 743
90,590
72,691
94,121
99,647
160,265
82,146
111,792
112,871
159,869
127,551
177,107
128,617
175,083
155,270
204,041
110,162
146,310
91,234
113,002
100,481
123,634
84,330
100,995
73, 706
91,898
69,459
85,918
69,346
90,244
149, 259
468
148,791
142, 298
6,493
109,778 143,971 163,452
1,268
517
742
109, 261 142,703 162,710
104,042 132, 563 147,629
5,219
10,140 15,081
141,431
745
140,686
131,329
9,357
186,923
1,060
185,863
175,742
10,121
129,337
605
128,732
122,533
6,199
105,018 122,337
720 10,318
104,298 112,019
95,912 104,968
8,386
7,051
93,952
4,299
89, 653
84, 310
5,343
84,033
256
83,777
77, 609
6,168
79,886
181
79,705
72,473
7, 232
78,010
279
77, 731
72.441
5, 290
136,838
134,569
2, 269
139,784
138,015
1,769
125,252
122,616
2,635
128,511
126,387
2,124
124,802
122,197
2,605
128,741
126.608
2,133
125,055
122,494
2,561
129,156
127,044
2,113
138,085
135,529
2,556
143,111
140,998
2,112
138,961
136, 550
2,411
145,556
143,571
1,984
139,299
136,890
2,409
146, 524
144, 546
1,978
138,831
136,423
2,407
146,181
144,190
1,990
138,519
136,143
2,375
143,904
141,936
1,969
138,364
135,968
2,396
143,944
141,951
1,992
136,648
134,281
2.367
142,406
140,474
1,932
136,596
134,257
2, 339
141,407
139,513
1,894
136, 714
134,441
2,273
140,958
139,137
1, 822
1.73
1.75
2.79
1.72
1.79
2.85
1.56
1.76
2.84
1. 61
1.70
2.82
1.42
1.64
2.80
1.31
1.57
2.73
1.29
1.49
2.68
1.29
1.49
2.66
1.37
1.45
2.67
1.36
1.64
2.71
1.41
1.55
2.71
1.51
1.60
2.71
1.58
1.65
2.73
2.58
2.68
2.80
3.10
2.62
2.70
2.85
3.24
2.62
2.70
2.84
3.20
2.62
2.68
2.81
3.15
2.61
2.68
2.79
3.10
2.54
2.62
2.73
3.01
2.48
2.56
2.70
2.95
2.47
2.54
2.69
2.94
2.46
2.56
2.69
2.96
2.51
2.58
2.73
3.02
2.49
2.59
2.73
3.03
2.48
2.59
2.72
3.03
2. 51
2.62
2.74
3.03
2.64
2.75
2.98
2.28
2.67
2.85
3.05
2.37
2.65
2.84
3.03
2.35
2.64
2.81
2.99
2.33
2.64
2.79
2.96
2.33
2.57
2.71
2.89
2.21
2.54
2.65
2.83
2.12
2.54
2.64
2.80
2.09
2.57
2.65
2.78
2.08
2.60
2.69
2.84
2.19
2.59
2.70
2.85
2.16
2.58
2.69
2.86
2.18
2.68
2.70
2.89
2.23
1,095
632
Stocks
Cash dividend payments and rates, Moody'g:
Total annual payments at current rates (600 companies)
__mil. of dol.. 1,954.89 1,871.55 1,870.94 1,868.08 1,880.22 1,886.00 1,900.31 1,908. 54 1,919.71 1,911.77 1,943.39 •1,957.89 1,952.00
941.47
Number of shares, adjusted-—
millions,. 941.47
941.47 941. 47 941.47
941.47
941.47
941.47
941.47
941.47 941.47 941.47 941.47
Dividend rate per share (weighted average) (600 com2.02
2.06
2.03
2.03
2.07
2.04
2.08
1.98
2.00
1.99
panies)
..dollars..
2.08
1.99
2.00
3.21
3.21
3.21
3.21
3.21
3.21
2.97
3.11
3.21
3.21
2.95
2.95.
3.17
Banks (21 cos.)
_
_.
do
1.97
2.01
1.96
2.02
1.94
1.95
1.97
' 2.03
1.92
1.92
1.94
2.03
1.92
Industrials (492 cos.)—
do
2. 58
2.58
2.58
2.58
2.58
2.58
2.58
2.58
2.58
2.58
2.57
2.58
2.58
Insurance (21 cos.)._
..do....
1.81
1.82
1.81
1.81
1.79
1.81
1.81
1.80
1,80
1.81
1.80
1.82
1.80
Public utilities (30 cos.)
do....
2.71
2.71
2.65
2.64
2.77
2.65
2.71
2.69
2.81
2.69
2.81
2.64
2.65
Railroads (36 cos.).*
do....
Dividend payments, by industry groups:*
149.5
396.3
133.6
497.6
393.1
162. 5
768.2
338.8
320.3
136.5
396.2
358.4
Total dividend payments___
mil. of dol..
278.1
237.6
69.0
147.0
74.9
65.7
128.6
138.2
71.9
418.6
246.3
129.6
Manufacturing...
_
do
22.5
2.0
50.2
3.7
4.5
1.0
21.2
4.0
65.3
.6
1.2
2.7
Mining..
do
33.4
5.7
29.9
5.4
29.7
46.7
9.2
19.8
26.5
18.4
7.0
24.0
Trade
do
24.2
17.1
36.3
50.4
88.6
26.3
19.1
31.1
63.3
81.0
29.6
87.5
Finance
_
do
7.6
33.8
22.5
17.2
29.3
17.2
2.7
63.3
7.2
4.8
12.3
19.7
Railroads
.
do
29.3
36.5
32.0
35.6
33.3
51.7
47.6
46.6
41.7
39.3
32.0
38.5
Heat, light, and power
do
.3
13.4
15.1
13.0
51.7
.2
49.8
48.4
.2
16.9
.1
48.3
Communications
_
do
15.9
2.6
11.6
34
13.3
7.7
9.7
6.4
2.4
24.7
1.5
8.1
Miscellaneous
_do
Prices:
Average price of all listed shares (N. Y. 8. E.)
103.2
99.1
89.6
98.2
92.6
100.2
93.5
95.8
93.0
89.2
86.0
80.2
Dec. 81,1924-100....
73.81
73.01
72.36
74.78
74.74
76.63
76.98
77.59
75.02
71.67
68.70
65.97
62.66
Dow-Jones & Co. (65 stocks)._„
dol. per share.206.63
207.32
194.37 205.81
202. 27 199.44
199.00
199.46
172. 72 177.96 185.07 190.22 192.74
Industrials (30stocks)._*___
do
43.03
42.51
40.96
40.93
39.94
40.38
42.93
38.10
38.26
35.45
40.01
33.95
35.05
Public utilities (15 stocks)
do.—
64.77
66.64
63. 22
61.45
63.06
63.67
65.58
65.12
64.30
59.61
57.11
49.59
Railroads (20 stocks)
„
do.
143.47
144. 63
140.10
138.72
136.45
136.88
136.03
141.86
126.33 130.72 132. 71 135.05
118.36
New York Times (50 stocks)
do.
231.21
236.11
225.97
226.00
237.16
223. 25
222. 79 233.85
198. 49 208.50 215.06 218.74 220.67
Industrials (25 stocks)....
,
do.
48.99
48.69
44.39
46.93
44.17
51.45
50.57
50.84
52.11
38.24
49.43
49.27
49.88
Railroads (25 stocks)
do.
f
Revised.
1 Since February 1945 data are from the New York Stock Exchange; except for June and December, data are estimates based on reports for a sample group of firms.
• New series. Data for 1941 for dividend payments are on p. 20 of the February 1944 Survey. Final revisions for 1942 and 1943 will be published later. For revisions for all
months of 1945, see p. S.-19 of the May 1946 Survey.
t Revised series. The price series for domestic municipal bonds was revised in the April 1943 Survey; see p. S-19 of that issue for data beginning February 1942 and an explanation
of the revision; earlier data will be published later. Data through December 1943 for the revised series on prices and yields of U. S. Treasury bonds are shown on p. 20 of the September
1944 Survey; these series include all issues not due or callable for 15 years. Yields through December 1945 for partially tax-exempt Treasury bonds are shown in the April 1946 and
earlier issues of the Survey; there were no partially tax-exemDt b >nds due or callable in 15 years or over after December 15.
SUEVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
1946
1945
1946
September
November 1946
September
October
Novem- December
ber
January
Febru- | March
ary |
April
May
June
July
August
FINANCE—Continued
SECURITY MARKETS—Continued
S tocks—Continued
1
Prices—Continued.
Standard and Poor's Corporation:
146.4
154.3
149.6
139.7
143.3
151. 6
136.9
144.8
126.1
153.2
141.8
Combined index (402 stocks)
1935-39=100.. 125.4
132.0
153.4
150.4
142.2
145.8
155.9
158.8
138.7
147.5
156.9
144.5
Industrials (354 stocks)—
_
do
128.8
128.2
134. 5
127.9
133.6
139.4
124.8
133.1
141.7
138.9
135.2
130.8
Capital goods (116 stocks)
do,...
114.6
142.7
117.2
122.0
154.0
159.5
170.1
150.7
161.9
159.3
159.2
Consumer's goods (191 stocks)
do
136.9
172.0
162.7
166.7
139.3
145.9
120.2
123.7
127.5
120.8
124.0
129.3
127.7
122.8
Public utilities (28 stocks)
...do—.
109.7
125.3
130.4
110.6
114.4
157.1
159.8
156.8
154.2
164.3
153.6
157.2
153. 6
Railroads (20 stocks)
d o . — 119.0
147.1
161.8
137.5
145.1
Other issues1
118.9
116.5
125.2
121.3
118.7
124.3
126.1
Banks, N . Y. C, (19 stocks)
do....
107. 5
124.6
116.6
120.2
115.0
115.9
136.5
141.6
133. 9
133.9
139.2
143.8
144.2
Fire and marine insurance (18 stocks)
do
119.4
141.8
134.7
136.9
125.9
1312
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market. Value
_
thous. of d o L . 1,902,701 1,105,307 1,589,145 1,796,416 1,745,468 2,373,016 1,930,314 1,479,956 1,869,130 1,774,725 1,409,683 1,223,124 1,163,594
45,917
Shares sold
thousands.. 81,803
56,794
47, 768
46, 334
74,975 106,471 87,068 112. 908 90,883 60, 203 72,096 70,514
On New York Stock Exchange:
Market value
thous. of do!.. 1,616,615 922, 584 1,290,513 1,438,500 1,410,635 1,947,730 1,574,139 1,217,019 11,504,771 1,427,037 1,149,180 1,014,338 982, 460
32,196
48,656 71,761
52,604 36,606 I 47,002
54,218
Shares sold
thousands.. 60,435
46,326
35,865
32,188
47,709
32, 465
Exclusive of odd lot and stopped sales (N. Y.
20, 595
25,135
20,807
35,476
34,151
40,406
51,510 34,093 25,664 31,427 30, 410
Times)
thousands.. 43,450
21,717
Shares listed, N. Y. S. E.:
79.132
74, 350
69, 561
73,765
67, 065
78,468 74,165 77,932 80,943 84,043
72, 730
Market value, all listed s h a r e s . . . . . . .
mil. of dol._ 66,864
80,929
1,738
1,614
1,592
1,645
1,666
1,719
1,620
1,628
Number of shares listed.millions._
1, 750
1,686
1,573
1,554
1,577
Yields:
3.7
3.9
3.4
3.9
3.7
3.5
3.8
3.5
3.8
Common stocks (200), Moody's
percent.,
4.4
3.7
3.5
3. 7
3.8
3.1
3.3
3.4
3.7
3.6
3.4
3.7
3.2
Banks (15 stocks)
do..._
4.0
3.7
3.6
3.8
3.6
3.4
3.6
3.3
3.2
3. 5
3.8
3.4
3.7
3.6
3.4
Industrials (125 stocks)
do....
4.1
3.2
3.1
2.9
3.0
3.0
3.0
3.1
3.2
Insurance (10 stocks)
do
3.6
3.3
3.0
3.2
3.1
4.2
4.1
3.8
4.0
4.0
3.9
3.9
4.2
3.7
Public utilities (25 stocks).
do....
4.6
4.3
3.9
4.0
5.1
4.8
4.5
5.1
5.1
5.2
4.5
5.2
Railroads (25 stocks)
do
6. 5
5.3
4.8
4.8
5. a
Preferred stocks, high-grade (15 stocks), Standard and
3.44
3.43
3.54
3.49
3.47
3.72
'3.64
3.59
3.42
3.75
Poor's Corporation.percent .
3.57
3.46
3.45
FOREIGN TRADE
INDEXES
Exports of U, S. merchandise:
Quantity....
_
_
Value
Unit value
Imports for consumption:
Quantity
_._
Value
Unit value
Agricultural products, quantity:§
Exports, domestic, total:
Unadjusted
_
Adjusted
_
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
i
f
'7'"
1923-25-100..
„_
do
do
213
219
103
220
230
105
202
217
107
218
231
106
168
335
135
100
••120
118
99
166 I
164
99 |
'197
' 191
97
'213
'209
'99
119
103
87
••124
108
••88
113 I
118
99
88
88
139
125
91
' 108
96
90
128
117
92
135
123
92
131
122
93
123
116
95
138
131
95
130
130
100
72
61
67
49
104
92
127
123
108
124
118
128
105
128
113
148
118
161
107
153
95
128
do
do
106
90
104
79
173
158
206
204
174
203
185
200
160
186
156
183
173
210
156
187
127
131
do
do
83
92
83
89
62
65
103
93
84
78
106
90
106
98
95
98
89
99
94
112
99
112
17, 665
9,031
16,009
10,617
15, 359
9,093
17, 511
10,163
16,808
9,099
19,026
10,112
15,408
9,882
13,319
10, 918
'19,275
9,668
' 23, 545
' 12, 353
' 24,648
11, 572
do
do
do
.1924-29=100..
_
do
»
'210
' 211
101
194
199
103
176
175
99
93
87
130
114
SHIPPING WEIGHT*
Exports, Including reexports
_
General imports
VALUE §
mil. of Jb__
do
21,070
11,432
17, 820
11, 544
Exports, total, including reexports
thous. of dol._ 641,475 514,351 455, 264 638,937 736,139 798,653 669,861 '815,355
12, 519 158,484 ' 74,850 115, 250 187,438 130, 391 ' 96,325 ' 116,215
Lend-lease*
do.
By geographic regions:
34,189
42,349
38,653
48,276
42,927
25,183
46,690
Africa
do.
82,907
81,050 110,505
77, 563 111,346
37,001
Asia and Oceania
do.
44,077
404,376
391,574
265,
455
389,904
320,413
188,
045
Europe
do.
212, 837
96,427
87, 794
83,535 101,556
95,840
99,422
Northern North America
_.
_do.
95,027
70, 287
72,610
72,017
72,612
82,936
65, 805
Southern North America.
_
do.
63,132
80,935
83,947
71,511
80,200
39, 808
66,029
South America...
do.
52, 589
Total exports by leading countries:
Europe:
67,936
73,362
53, 672
89,369
79, 483
37,991
41,438
France
__.do.
354
549
1,131
531
1,646
240
117
Germany.
__do.
34,887
15,868
26,
563
30,803
42,044
19,
322
17, 314
Italy
_
do.
6,165
29,896
32,081
99,978
62, 501
6,724
Union of Soviet Socialist Republics (Russia).-do
15,166
33, 537
81,963
60,013
85, 863
72, 741
42, 394
United Kingdom
._
_.
..do.
67,872
NTorth and South America:
82,216
85,
676
92,
285
93,
797
91,
740
98,137
96,117
Canada
do.
96, 670 140,907 127,050 146. 540 132,008 154,136
Latin American Republics, total
do.
105, 545
5,809
9,198
9,029
7,724
9,295
2,372
Argentina
...do.
3,128
28, 310
31, 373
22,441
26,494
11,863
23,872
Brazil...
do.
16, 646
5,763
3,012
4,672
5,401
4,946
6,280
Chile
do.
3,585
9,602
8,801
10,708
11,614
7,209
7,656
Colombia*
do.
6,940
20,967
16, 278
18,184
19, 312
20,479
20,031
Cuba_
_
do.
16,427
28,038
31, 750
31,527
31,681
37,969
Mexico
_
do.
32,423
23,965
18,033
12, 583
16, 931
13,103
9,381
15, 353
Venezuela*
do.
13.904
f
Revised.
§ See note marked " § " on p. S~21.
weight
and imports
are compiled
by the U. S. Department
of Commerce, Bureau of
> N e w series. Data on shipping
—<= of exports
*„
,*rF—o
chandise
exports and
idise exports
and imports,
imports, including
including weight
weight of
of containers,
containers, wrappings,
wrappings, crates,
crates, etc.
etc. D a t a beginning J a n u a r y 1943 will be published
'756,842 '850,811 '878,254 ' 826,178 881,916
80, 442
66,614 '57,194 ' 37,817 ' 33, 767
46,932
104,394
339,632
106,641
77,594
82,097
50,627
130,875
383,407
108,629
84,999
92,222
42,176
157,946
370, 590
117,804
88,859
100,823
78, 324
7,212
35,403
30, 340
63,033
70, 526
3,515
31,635
30, 531
68,094
62, 539
7,983
37,234
48,061
62,840
103, 680
150,753
10, 537
22, 442
5,256
12,435
23,491
33,910
17, 770
105,373
167,342
14, 713
28,053
6,047
12,138
21,539
39,207
17,192
114,925
180,272
13,622
27,192
7,437
15,106
22,779
42,481
20,124
31,832
130, 779
380, 045
123,836
77,094
82, 593
52, 751
11,09840,146
38, 079
73,160
121,198
151,903
14,628
26,124
5,645
10,998
17.231
38, 209
13,315
43,805
138, 419
353,991
137,080
96,166
113, 215
46,391
15, 636
31, 004
42, 657
70, 755
134, 236
199,474
19,797
33, 233
7,730
16, 382
24, 752
44,166
19,980
the Census;, they --xrepresent „gross- weight
. „ . .of mer—
later. See p . 32 of the F e b r u a r y 1946 Survey
for a n n u a l totals for lend-lease exports for 1941-45; complete m o n t h l y d a t a will be published later; all supplies procured through lend-lease procurement facilities are shown as lend-lease
exports although, since the program officially ceased to operate at the end of the w a i , the recipient nations had, with few exceptions, arranged to finance t h e m prior to t h e exportation
of the merchandise. M o n t h l y d a t a prior to F e b r u a r y 1945 for Columbia and Venezuela will be shown later.
November 1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement t o the Survey
SURVEY OF CURRENT BUSINESS
1946
S-21
1946
1945
Septem- September
ber
October
Novem- December
ber
January
F
U
March
April
8,873
120
24,313
4,124
7,172
1
3,888
24, 724
14,991
318,771
4,744
1,720
37,024
3,909
12,487
2
7,658
23,390
18,391
384,503
9,319
1,363
38,346
2,938
13,504
2,762
5,580
18,798
19,598
407,092
14,113
78,866
45, 725
57,804
48,846
73,416
38,747
73,476
52,082
67,875
71,913
80, 378
29,016
84, 508
65,647
70,874
63, 543
93,173
1,478
15
732
8,597
9,299
3,573
24
1,246
4,107
14, 605
5,007
29
4,323
7,829
11,375
65,506
147,426
15,149
29, 526
2,660
13,078
36,434
19,936
7,921
70,356
152,011
18,440
33,535
6,931
12,002
23, 521
25, 650
10,021
ary " I
June
May
July
August
FOREIGN TRADE—Continued
VALUE §—Continued
Total exports—Continued.
Other regions:
Australia
thous. of dol_.
8,953
0
British Malaya
do
China
...do
4,792
Egypt
_.do
8,431
India and dependencies
do
11,267
Japan
do
0
Netherlands Indies. _
_
do
0
Philippine Islands
do
6,460
Union of South Africa..do
9,985
General imports, total__
„
do
375,703 334,673
By geographic regions:
Africa
..__
_.do
25,028
Asia and Oceania
_
do
63,497
Europe
do
27,915
Northern North America...
do
77,899
Southern North America..
_
...do
53,499
86,835
South America
__.do
By leading countries:
Europe:
555
France
do
80
Germany
_
.do
Italy
—do
141
Union of Soviet Socialist Republics
..do
1, 259
United Kingdom. _
do
6,587
North and South America:
Canada
do
75,786
Latin American Republics, total
do
136,176
Argentina
_
do
17,055
Brazil..
.do
31,770
Chile
do
8,155
Colombia*.do
6,068
Cuba...
.__
_._
do
26,459
Mexico..
__do
16,321
Venezuela*
do
6,633
Other regions:
Australia
do
9,389
British Malaya
do
0
142
China.._
.
do....
526
Egypt. __
do....
India and dependencies
do
21, 657
Japan
do....
12
Netherlands Indies.
____.__do
1
Philippine Islands
_
do....
100
Union of South Africa..
do
10,273
Exports of U. S. merchandise, total._.
do
625,706 500,137
By economic classes:
Crude materials._
do
84,055
Crude foodstuffs
do
54,315
Manufactured foodstuffs and beverages
do
67,596
Semimanufactures
_
.do
48,928
Finished manufactures
_do.__.
245, 242
By principal commodities:
171,429
Agricultural products, total
do
28,026
Cotton, unmanufactured
do
16,795
Fruits, vegetables and preparations
_do
53,898
Grains and preparations. _
do
10,039
Packing house products
do
328,709
Nonagricultural products, total
do
19,270
Automobiles, parts and accessories...,
do
29,378
Chemicals and related products
__.do._.
28,328
Iron and steel and their products. _
do
53,723
Machinery
_
_
do
9,994
Agricultural
__do_.11,025
Electrical
..„.
.do__.
Metal working.
.do
5,104
Other industrial
_
_do__.
25,297
Copper and manufactures
do
2,262
Petroleum and products
do...
32, 227
Imports for consumption, total
d o . . . 375, 796 329,271
By economic classes:
103,149
Crude materials
_
_
do__.
56,384
Crude foodstuffs..
do.__
38, 640
Manufactured foodstuffs and beverages
..do
72,959
Semimanufactures..do...
58,139
Finished manufactures
„
do...
By principal commodities:
140,912
Agricultural, total
.
_do...
30,491
Coffee
do...
4,042
Bides and skins
do....
7,869
Rubber, crude including guayule—
.do...
127
Silk, unmanufactured..
do
17,655
Sugar
...do...
19,165
Wool and mohair, unmanufactured
do...
188, 359
Nonagricultural, total
do...
17,892
Furs and manufactures.
_
do...
36,807
Nonferrous ores and metals, total
.do...
14,595
Copper including ore and manufactures._do_-2,520
Tin, including o r e . .
do__>
13,975
Paper base stocks
_
do...
12, 539
Newsprint
do.__
8,174
Petroleum and products
do...
1
!
b, 277
2,456
33; 170
3, 266
12, 678
5,193
9,204
1,429
2,120
6,342
0
3,291
7,584
9,471
344,416
19,102
3,954
13,842
1,044
11,412
20,721
3,405
12,640
9,282
12,663
16,124
322,419
8,274
12,053
.10,119
297,187
29,336
45,140
47, 544
84, 269
46,021
92,106
19, 058
56, 589
42,343
76,449
48,397
79,584
21,851
46,419
47,555
73,627
45,323
62,412
6,135
31,328
10,646
594,114
25,004
82,362
67,431
67, 957
51, 476
99,884
1,893
11
489
2,484
5,444
1,752
14
1,505
855
3,434
1,632
10
429
1,414
11,743
1,927
3
170
18, 320
10, 338
81,717
131,876
20,579
29,602
11,930
8,488
16,619
16,831
7,348
74,408
117,364
18,634
24, 270
7,954
10,591
14,562
17,426
7,775
76,948
101,902
16, 784
19,607
7,785
5,999
16,001
18,922
7,402
65,517 56,721
145,318 117,065
16,744
9,103
41,914 23,136
8,925
8,436
12,101
11,548
18,379 18,247
21,462 17,175
10, 595
8.587
10, 503
0
206
1,512
12,526
11
243
17
11,594
440, 511
10,468
0
179
352
17,182
3
106
161
10,038
612,332
12,773
6,723
204
1,200
10,386
20
334
473
10,418
715,176
10,983
5,105
3,575
405
24,481
319
592
98
12,599
778,789
81,257 88,227
65,773 62,172
37, 632 84,067
54,466
70, 203
201,382 307,663
70,407
66,582
140, 226
67,448
370, 512
94,743 90,081
70,263 58,304
177, 521 134,964
73,397 59,795
364,575 307,409
112,969
62,051
148,550
68,611
396,085
153,170 205.599
22,012 34,082
12,100 16,947
R7,468 70, 765
4,568 24,130
287,342 406,733
16,135 24,073
27,189 38,028
25, 784 37,948
50, 557 78,715
8,031
11,070
9,669
13,866
4,369
6,531
26,168 44,084
2,828
3,727
24, 691 28,536
343,714 312,665
247,577
25, 218
26, 799
69,691
50, 716
467, 599
23,634
35,278
34,446
135,405
10, 792
27,470
28,696
65, 503
2,753
28,814
279,478
309,614 250,844
34,694 28,954
25,682 30,361
83, 514 72,652
79,950 41, 595
470,885 399, 709
23, 691 26, 520
37,919 35,676
41,931 26, 582
106, 475 82,220
12,761
10,031
24,054 16,532
13,943
9,638
51,924 42,281
3,655
4,042
33,972 29,530
400, 653 307,986
95,791
50,995
26, 579
80,127
59,072
88, 890
42, 443
24,529
68,171
65, 446
157,378 108,790
75,251 58,558
32, £51 28, 723
76,011 53,015
57,751 67,607
139,516 121,007
30,172 23, 291
4, 220
3,595
8,225
8,484
261
156
5,644
9,019
25,560 21,787
204,197 191,558
12,655 15,365
44,266 32,681
18, 565 11, 253
4,158
2,421
19,587 16,650
15,129 14,809
13, 694 17,006
108,799
18. 205
3,152
10,021
196
4,595
20,070
170, 680
9,599
23, 267
12,464
944
18,098
13,152
11, 708
192, 683
41,983
5,035
14,151
1,214
11,499
29,040
206, 258
35, 004
22, 788
13, 021
1,179
16,942
14,996
13,421
(a)
103,098
56,599
31, 725
86,742
65,549
O)
6,366
5,854
1,036
412
58, 556 58,153
2,684
3,494
7,802 19,841
8,304
16,977
2, 620
9,494
25,150 25, 652
22. 331 22, 017
397,114 385, 225
7,378
2,052
42,688
1,891
17, 202
16,946
10, 512
21, 251
15, 645
432,021
5,420
809
39,944
3,025
15,543
20,286
10, 749
17,823
25, 220
424. 292
19,975
77,898
66,859
68, 287
55,462
96, 510
26,954
101,100
70,340
79,902
68,872
84,853
33, 278
90, 008
63,470
77,706
62,429
97. 400
4,578 ' 4,794
24
2,303
8,045
13,880
7,209
11,185
15, 272
14,276
69, 526 66, 470
144,714 147, 593
17,399
14,741
30,885 40, 337
8,102 10, 089
7,964
9,770
32,168 26,607
16,830 16,015
10,090
8,041
6,441
18
6,591
7,823
12,346
6.124
23
6,282
8,248
11,540
76,107
146, 758
14, 087
27, 227
8,149
14,453
33,151
20,145
8,137
74,403
153,845
13,912
45,971
3,418
13,048
25,344
18,348
10, 324
7,911
11,211
11,476
7,651
13,281
4,575
9,947
9,020
115
9,112
9,946
8,608
4,890
6,311
7,493
1,059
1,384
1,051
550
2,182
22,667
23,936
18, 302 18,047
21,272
14,725 14,689
479
220
10,697
664
1,873
194
40
1,381
2,597
945
1,552
1,717
524
9,717
12,435
5,320
21,631
10. 920
649,096 '786,643 '739,259 '815,209 858,108
18,436
11,792
12, 656
651
9,456
11,095
2, 753
4,402
14, 641
808,074
14,983
8,284
6,534
2,892
17, 524
12,378
2,486
3,636
15,432
859,029
116,248 122, 544
34, 758 79,193
141,790 134. 442
80, 914 76, 707
442,132 445,166
120,122
54,430
165,170
71, 556
396, 796
138,264
52,531
116,815
81,382
470,037
284,915 253,679 273, 775
56,623
38,622
37,715
24,456
28,357
28,999
42,271
56,424
68, 722
30,496
49,376
48,072
503,350 487,483 542,067
36,277
48,830
29,730
46,351
46,258
44, 342
38,108
41,258
28,917
109,302 100,155 111,204
11,866
11,172
9,776
17,944
24,232
20,365
16,892
16,423
13,344
52,980
57,269
54,906
2,418
2,794
2,173
36,936
36,082
40,365
373, 785 '394,604 r389,247
304,627
52,812
27, 760
88,646
48,135
553, 426
43,463
46,424
35, 709
125, 553
11, 967
25,381
17,176
66,272
2,952
39,040
370,786
292, 295
50,425
24, 571
66,010
47,365
515,779
38, 297
40,378
35, 301
119, 224
14,104
24,985
16,343
58, 046
2, 738
35,797
420,107
252,826
58, 547
17,911
61,475
35,280
606,202
51, 357
43,827
45; 639
137,475
17, 074
31,877
15,360
66,968
3,534
43,031
413,878
133,863
64,578
46, 710
64,946
63, 266
145,426
69, 204
38,532
67,638
72,169
139,333
62,429
45,834
72,153
69,090
120,803
68, 581
40,106
76, 813
64,376
161,910
53,051
52, 755
84,399
67,992
152,113
72,193
43,430
77, 710
68, 432
189,517
35,984
4,491
22,937
862
25,414
30,076
183,846
11. 472
16,389
1,997
3,889
9,700
16, 795
10, 235
194,647
37,545
5,580
20,273
12,473
14,809
30,449
198,322
17,273
19,134
5,458
3,594
9,854
18,073
11,095
185,768 174,610
36,489 46, 779
3,986
4,754
6,744
4, 222
24,418 19, 683
20,905 15,144
23,953 '19,980
203,072 196,067
24,514 19, 597
20,444 20, 060
7,256
4, 639
5,146
3,011
11,638 13,967
20,687 17, 280
13,380 11, 320
189, 643
31, 844
6,920
14, 548
14,267
23, 880
28, 530
230,463
30, 427
24, 511
7,907
6,261
19, 588
21,362
14, 748
201,650
47,886
6,647
19, 654
12, 631
16,159
25,411
212, 228
22, 745
21, 529
4,945
6,036
15, 357
20,925
15,02C
149,201
'30,388
'3,209
24,116
1,354
12,913
'21,817
157,493
13,992
M4,294
2,857
4, 352
11,691
14,930
11,200
22,358
73,518
76,670
73,438
65,870
84,853
j
106,574
49,166
125, 243
80,190
379,989
r Revised. * Less than $500.
§ The publication of practically all series on foreign trade included in the 1942 Supplement but suspended during the war was resumed in the May Survey. Export statistics
include lend-lease exports shown separately on p. S-20 (see note, marked"*" on that page), shipments by UNRRA and private relief agencies, and since June 1945 comparatively
small shipments consigned to United States Government agencies abroad; shipments to U. S. armed forces abroad are excluded. Revised 1941 figures for total exports of U. 8.
w erchandise and total imports are shown on p. 22 of the June 1944 Survey; revised figures for 1942-43 for the totals and revised figures for 1941 and later data through February 1945 for
other series will be shown later.
•Monthly data prior to February 1945 for Colombia and Venezuela will be shown later.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in tlie
1942 Supplement to the Survey
November 1946
1946
March
April
May
June
July
TRANSPORTATION AND COMMUNICATIONS
TR ANSPORTATION
$ 'oHJiJtiodity e£»d Passenger
Unadjusted indexes:*
204
194
204 |
196
174
200
201
176
204
Combined index, all types..„_
1935-39=100.. J
209
202
197
207
208
214
205
202
203
199
208
172
175
Excluding local transit lines
do.- —
167
183 !
189
188
179
188
181
186
151
158
175
Commodity
_
do—~
283
273 |
256
272
277
254
260
252
251
233
266
Passenger
__do—414
389
343
396
395
351
329
370
348
Excluding local transit lines....________
do
324
294
By types of transportation;
835 !
775
893
773
823
921
73S
886
990
1,041
1,027
Air, combined index . . . .
do...__.
904
862
548
1,031
1, 001
648
633
631
676
691
Commodity
do___.
561
789
718
790
822
855
949
770
1, 344
Passenger
..
do.,,_
1,113
1,197
1,358
Intercity motor bus and truck, combined index
2S6
225
206
248
219
225
244
227
230
247 j
251
1936-39=100215
ISO
230
237
232
240
201
222
211
217
206
For-hire truck
„_.
...—do
258
261
308
268
313
270
311
282
270
271
260
Motor bus
-do
178
175
183
190
176
170
180
182
Local transit lines
.__.do__._
184
188
179
202
201
200
202
193
197
21G
198
218
200
208
Oil and gas pipe lines
do.. —
213
202
198
152
219
206
154
199
Railroads, combined index.....
do___.
201
204
200
185
166
185
133
142
194
178
180
189
174
Commodity
._
do
185
432
472
299
304
415
427
252
305
Passenger
do
362
321
402
91
132
94
104
135
97
86
104
94
99
Waterborne (domestic), commodity.
do
Adjusted indexes:*
i
197
203
196
202
202
201
204
206
177
178
203
Combined index, all types
do
199
206
199
206
176
Excluding local transit lines
._._._._—do
205
178
205
208
209
205
171
178
170
182
154
Commodity
.
_.
.do
189
160
188
186
190
181
283
282
286
252
279
Passenger
__,
do
252
237
250
263
257
269
411
381 |
335
406
410
Excluding local transit lines.-____„
_____do___323
304
328
367
347
380
By type of transportation:
851
879
860
823
812
841
796
969
Air, combined index.
-.do
987
988
1,031
904
1,001
862
Commodity
_
do
631
548
676
561
648
'633
691
831
732
797
Passenger
.
do
1,091
920
978
865
1,280
1.162
1,269
Intercity motor bus and truck, combined index
221
226
205
232
1936-39-=100..
235
216
250
253
240
243
248
207
206
189
For-hire truck
__„___do
191
242
237
245
228
218
224
217
289
268
260
Motor bus
_
_
do
295
279
292
291
280
285
278
294
179
178
170
Local transit lines__. _
„
_..do
172
183
192
177
183
177
181
185
203
199
194
224
199
Oil and gas pipe lines
do
204
202
210
199
192
197
201
212
204
211
158
Railroads
...
_
do
197
206
209
204
158
197
170
180
170
186
137
Commodity
_._„_,
do
186
144
186
184
192
178
442
458
462
403
318
Passenger
.
.____.do—_.
284
265
288
372
337
403
74
109
76
95
Wafcerborne (domestic), commodity
.____do....
128
115
124
117
98
117
Express O p e r a t i o n s
24, 826 29,141
23, 595
24, 532 23, 919 24,333 35,115 26,728
Operating revenue
___—...
thous. of do...
26,626 25, 798
22,484
63
80
83
82
64
92
72
73
60
69
75
Operating income.
_
do.-—
Local T r a n s i t Lines
7.9638 7.8198
7. 8198
7.8198 7.8198 7.8641
7.8641
7. 8641 7.8669 7.8807 7.8835 7. 9168
Fares, average, cash rate_
____
cents.. 1,639,180
1,458,400 1,595,440 1,533,470 1,563.470 1,615,570 1,486,560 1,669,880 1,631.980 1,630,373 1,577,274 1,555,250
Passengerscarriedf
-._
thousands—
116,000
106,100
111,200 117, 300 118,600 106, 900 118, 700 118,882 119,800 117,000 116,400
Operating revenuesf-.
Class I S t e a_._._
m Railways thous. of dol__
Freight carloadings (Fed. Eeserve indexes):
123
119
Combined index, unadjusted.._ 1935-89«100__
149
137
128
107
132
107
143
137
116
136
Coal
do
160
143
109
26
133
148
145
68
152
155
146
148
Coke
do
181
154
111
93
172
114
166
133
172
167
61
138
Forest products
___
__do
166
135
115
143
94
153
108
121
134
109
130
155
99
Grains and grain products
do
140
163
158
166
147
152
144
164
130
111
128
127
Livestock
.
do ___
120
150
189
135
135
183
103
126
111
96
120
82
Merchandise, 1. c.!__..
do
79
69
72
71
75
78
74
75
79
81
74
50
Ore
_
___._.__
do..245
261
215
36
114
263
29
24
35
103
213
141
Miscellaneous
do
150
136
136
142
123
139
125
123
113
136
139
109
Combined index5 adjustedf__
do
138
127
118
127
139
133
106
133
126
139
133
26
Coalt
.
.do .
160
143
109
133
148
145
148
152
155
68
146
95
Cokef
___
do
183
155
113
177
164
167
127
107
165
62
140
143
Forest products
do __
154
125
109
153
106
110
122
126
134
125
149
112
Grains and grain products!
—
.do___.
125
J46
158
139
153
167
126
152
150
141
126
143
166
140
145
126
158
140
114
118
Livestock t-___
do..91
114
123
81
78
78
78
74
78
74
74
81
Merchandise, 1. c. 1
__
do
66
117
134
164
66
118
94
121
137
Oret—
__
.__
do.__
164
174
134
143
130
133
141
134
121
143
123
135
Miscellaneous!
.
— do ._
139
126
126
Freight carloadings (A. A. R . ) i
2,884
3,207
3,546
2,605
2,867
3,982
2,616
4,063
3,407
Total oars...
thousands3,517 '3,256
3,151
126
794
668
688
685
740
938
327
787
Coal
_
do .._
743
rO62
505
30
66
50
52
19
43
32
66
49
Coke
._
_do _
55
r47
34
143
129
177
128
146
208
181
159
234
Forest products
______ -do—_
197
r 159
142
253
223
207
209
237
140
228
154
222
Grains and grain products
»
—do
191
'•221
223
96
100
71
59
65
73
67
74
79
Livestock..
_
do
63
rg2
106
644
455
516
471
468
448
471
620
619
Merchandise, 1. c. L
do _
477
'419
456
54
148
53
34
25
50
289
108
283
Ore
do
269
r 285
250
1,491
1,597
1,414
1,444
1,322
1,273
1.171
1,785
1,801
Miscellaneous
_
.._
do
1,521 '1,381
1,436
Freight-car surplus and shortage, daily average:
11
18
15
16
106
23
5
18
Oar surplusf,..
thousands..
2
n
20
10
14
9
5
1
2
8
7
7
Car shortage*..
..do
21
4
7
Financial operations (unadjusted):
Operating revenues, total
thous. of doL. 660,402 '678,879 698,991 661,181 613,691 640,872 579,136 646,099 566, 702 532, 553 611, 939 674, 040
Freight
_
_
d o . — 515,623 '488,319 492,288 463,682 401, 256 453, 399 421, 243 483,776 411,819 399, 215 458, 484 513, 252
Passenger....,
—_._do__- 95,361 '•140,145 146.504 145,565 161,134 137, 602 114,655 114, 562 106,082 92, 233 106,604 112, 383
Operating expenses
.__—do—. 529,798 '620,968 626,652 548, 550 963,331 490, 059 450, 228 627,890 508,097 492, 201 516, 856 542,164
51, 310 <*812,788 79, 964 71,104 38, 669 48,476
45,132 57,003 69, 069
Taxes, Joint facility and equip, rents
d o . . - 63,241 1-14,777 15,900
61,321 dS6,90g 70,848 57,805 * so, 459 10,128 * 4,780 38, 080 62, 806
Net railway operating income._
—do
07,363 '43,134
54,439
34,384 4 7L666 33, 887 28,589 * 48,826 - SO, 993 * 87,07 4 14,620 32, 051
Net Incomet
do_~»_
8,849 20,224
» Revised.
- Deficit.
^Data for December 1945 and March, June and August 1946 are for 5 weeks; other months, 4 weeks.
*JNTew series. Data for 1929 to August 1942 for the transportation indexes are available on pp. 26 and 27 of the May 1943 Survey, except for subsequent revisions in the 1940-42
data for local transit lines and oil and gas pipe lines, 1942 data for waterborne, and small scattered revisions in the totals including these items (revisions are available upon request)*
computation of these indexes has been discontinued. Comparable data beginning January 1943 for freight-car shortages and surpluses and an explanation of the change in the latter
series are available on p. S-21 of the December 1944 Survey.
fSee note marked'"*" regarding revisions in the data for car surpluses. The indicated seasonally adjusted series for freight carloadings, as published prior to the October 1943
Survey, have been revised beginning 1939 or 1940; all revisions are available on request. Beginning in the April 1944 Survey, revenue data for local transit lines cover all local transit
lines, including all common carrier bus lines except long-distance interstate motor carriers; similarly, data for passengers carried, beginning in the May 1945 issue, represent estimated
total revenue passengers carried by all local transit lines; revised data beginning 1936 will be published later.
{Revised data for net income August 1945, $52,649,000.
November 1946
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
Septem- September
ber
S-23
1946
1945
1946
October
November
December
TRANSPORTATION AND COMMUNICATIONS—Continued
I
TRANSPORTATION—Continued
Class I S t e a m Railway*—Continued
Financial operations, adjusted:!
Operating revenues, totaL
„_.._ mil. of doL~
Freight
.„.
do
Passenger
„
_.do
Railway expenses.....
._.._
do
Net railway operating income
do....
Net income
..
.._—>..do
Operating results:
Freight carried 1 mile
..mil. of tons..
Revenue per ton-mile
...cents..
Passengers carried 1 mile_
„..
millions..
891.1
500.8
140. 7
654.7
36,4
3.7
057.0
453.1
149. 7
619. 6
37.4
3.3
668.5
465.0
152. 2
607.8
60.6
29.7
628.3
423.2
158.1
674.0
4 36.0
4 56.0
654.6
459.9
143.6
566.7
87.9
50.9
635.2
458.7
127.1
555.3
79.9
51.2
651.2
485.8
115.9
667.4
4 16.2
*418
565.7
405. 2
109.8
561.6
4.0
4 27.8
515.0
381.4
93.3
524.5
4 9.5
* 51.6
638.7
488.6
102.9
586.1
52.6
19.8
650. 8
500. 0
103.0
602.5
48.3
' 16.1
664.3
512.6
100.0
613.3
51.0
18.8
56,058
.928
7,567
53,156
.989
7,963
53,492
.932
7,956
49, 843
.867
8,572
52,076
.940
7,454
48,735
.935
6,079
56, 510
.924
5,955
39,841
1.101
5,472
42, 406
1.012
4,726
53,524
.921
5,387
55, 236
.989
5,720
59,466
.979
6, 712
7,506
3,123
4,383
7,587
2,778
4,811
7,579
2, 359
5,220
6,061
1,791
4,270
6,378
1,722
4,656
5,844
1,555
4,289
6.483
1,735
4,748
6,199
2,029
4,170
5,825
2,126
' 3,699
r 7, 202
' 2,179
r 5,022
7,518
3,033
4,485
8,025
3,323
4,701
Waterway Traffic
Clearances, vessels in foreign trade:$
Total, U. 6. ports
. — -.thous. net tons_.
Foreign
do
United States
.
do
5,966
2,650
3,316
Travel
Operations on scheduled air lines:
Miles
flown
_.._.
thous. of miles..
Express carried
thous. of lb__
Passengers carried
number..
Passenger-miles flown
...-thous. of miles..
Hotels:
4.33
Average sale per occupied room
doHars..
94
Rooms occupied
percent of total..
236
Restaurant sales index.
avg. same mo. 1929*= 100_.
Foreign travel:
U. 8. citizens, arrivals
.
number..
U. 8. citizens, departures...,
do
Emigrants
.._
do__.
Immigrants
do...14, 536
Passports issued cf
..„.___
do
National parks, visitors
.number.. 695,958
Pullman Co.:
Revenue passenger-miles....
.thousands..
Passenger revenues.
thous. of dol.COMMUNICATIONS
Telephone carriers:^
Operating revenues.....
thous. of dol..
Station revenues.
do
Tolls, message—
do
Operating expenses...
do
Net operating income
do
Phones in service, end of month
thousands..
Telegraph and cable carriers:!
Operating revenues, total
thous. of dol—
Telegraph carriers, total
do
Western Union Telegraph Co., revenues from
cable operations
thous. of dol..
Cable carriers
.
do.
Operating expenses
do.
Net operating revenues
do. _
Net income trans, to earned s u r p l u s —
do
Radiotelegraph carriers, operating re venues . . „ . _ . do
19,644
4,939
714,562
329,276
20,888 20,103 19,640 20,452 19, 783 23,164 24,108 26,019 26,515 27,796
28,749
5,746
9,911
6,273
11,994
6,031
5,109
5,429
7,232
8,204
10,909
8,722
1,340,733
1,493,137
647,
518
770,190 723, 247
727, 279 723,187 917,945 1,057,641 1,150,846 1,299,480
353, 527 328,600 308,736 331,056 332,316 408,201 463,294 514,999 565,087 573, 693 628, 038
4.16
93
211
4.19
95
204
4.31
91
223
4.12
4.17
92
204
14,865
11,648
2,025
4,380
9,056
478,258
17,304
13,649
1,499
4,608
21,416
327,843
16,079
14,185
1,838
4,421
12, 913
132,316
18, 740
17, 556
1, 289
4,644
11,972
62,090
21,080
20,865
1,027
6,604
10, 708
78, 221
4.12
93
205
3.97
95
210
4.38
94
226
3.95
93
235
4.20
94
250
4.23
89
232
4.45
96
254
27,340
35,092 29,941
27,009
28,106
26,795
25,912 23, 945 23,064 27, 708
859
1,138
1,716
1,772
2,166
9,575 18,047 19, 390 16,859 13, 451
18, 505
8,667
12,986 15,047 22, 091 21,802 22,437
99,338 129, 260 187,377 276,674 621, 794 1,075,421 1,152,584
2,289,324 2,422,016 2,626,314 2,419,033 2,563,744 2,082,683 2,196,055 1,899,120 1,628,4^6 1,774,797 1,666,970 1,637,261
10, 373 10, 470
12,120 13,214
13, 217 12,865 13,488 11,084
12,094 10,928
9,636 10,951
174,487
92,141
67,918
114,666
20,518
24,834
17,033
15,897
184, 380 181,325 187,183 187,610
96,700 96, 523 99,127 100,993
72,357
73,493
70,768 73,711
128,495 125,329 138,955 130,473
22,353 23, 744 53,074 27,962
24,994 • 25,184 25,446 25,747
18,359
17,099
708
761
1,137
1,260
17,268 15,166
* t, 127 1,419
* 6,066
654
1,952
2,031
179,327 187,727 189,254
98,822 101, 773 103,625
66,340 71,762 71,230
129,442 141,197 141,053
23, 548 21,226 23,910
26,067 26, 435 26,782
193, 981 190, 708 192,187
104, 536 104,153 103,589
74,922 71, 898 73, 777
146, 986 143,153 154, 214
18, 359
23, 211 23,614
27,086 27, 340 27, 608
17,366
16,197
19,191
17,667
14,754
13,683
13,891
12, 777
15,815
14,496
16,064
14,807
16,836
15, 546
16,677
15, 521
17,915
16, 673
750
1,169
19,187
* 8,686
* 6,812
1,966
961
1,524
14, 789
2,155
2,509
2,274
507
587
1,171
1,114
14, 877 13, 654
«* t, 001 *1,60S
*t,US * 2,075
1,908
1,787
712
1,319
14, 514
4 558
*7S5
2,119
678
1,257
14,078
70
4 886
2,077
649
1,290
14, 495
404
4 825
1,927
571
1,156
13,525
1,242
871
1,661
'594
554
1,242
1,130
14, 525 19, 838
1,155 * 4,621
700 <* 3,089
1, G18
1,667
17, 573
16,437
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Selected inorganic chemicals, production:*
Ammonia, synthetic anhydrous (100% NHs)®
short tons.. 77,492 42,685 38,292 45, 298 45, 557 41, 384 39,738 44, 271 43,358 34, 511 1 60,609 65, 048 1 75, 794
Calcium arsenate [100% Ca3(As04)2]
thous. of lb._
6, 438
4,116
8,081
3,192
1,139
1,610
3,256
952
1,403
2,622
906
1,304
(a)
Calcium carbide (100% CaCj)_._
short tons.. 53,940 45,384 47,353 44,610 41,364 45,192 40,316
48,716
43,124
53,3£)
44,460 40,014 36, 761
Carbon dioxide, liquid, gas and solid (100% COj)©
thous. of lb_. 78, 774 79,983 68,810 57,923 51,427 56,078 54,169
88,137
65, 337 75, 334 75,176
78, 545
96, 571
Chlorine
short tons.. 104, 520 89.602 89, 392 91,461 94,784 89, 707 84,741
96, 420
98,314
102,550
96,439 94, 865 89, 947
Hydrochloric acid (100% HC1) . .
_.
do
27, 438
27, 960
29, 519
30,552 29,691 30,026 28,990 26,822 26, 791 26,805 26,867 26, 331
29,789
Lead arsenate
„
thous. of lb__
4,874
253
7,810
1,848
7,567
8,755
8,665
6,421
4,225
5,514
2,313
2,869
1,630
59,144
Nitric acid (100% HNO3)<8>
-Short tons.. 54,136 32,025 34,262 31,352 33,033 34, 769 31,123
57, 066
30, 899 31,311 32, 538 1 55,418
1, 008
Oxygen
.mil. cu. ft..
836
904
606
951
885
716
873
891
893
916
997
Phosphoric acid (50% HjPOO
short tons.. 2 73, 694 63,941 61, 500 70,409 68,231 68,452 69, 525 74, 600 70,740 62, 573
61,858 2 74,574
Soda ash, ammonia-soda process (98-100% Naa CO3)
short tons.. 358, 628 333,453 381,468 355,039 379,786 387,012 342,625 380, 489 342, 749 303,174 308,623 361, 056 364,178
Sodium bichromate
do
7, 254
6,864
7,096
6,285
7,134
7,777
7,837
7, 735
6,999
6,769
6,561
7,347
6,601
Sodium hydroxide (100% NaOH)
do
164, 631 139,969 146, 374 148,194 153,395 154,349 143, 248 160,009 151,332 139, 276 148, 741 160, 347 163,615
Sodium silicate, soluble silicate glass (anhydrous)^
short tons.. 34, 650 24,864 27,321 28.781 29,276 34, 524 32, 494 32,182 29,914 29,198
39,152
36,915
34,912
Sodium sulfate, Glauber's salt and crude salt cake
short tons.. 57,422 57,378 63,674 63,928 57,738 50,710 53,818 59,262 59, 525 61, 679
55, 669
58, 200
Sulfuric acid (100% H 8 SO4)®
do,
764, 592 677,053 726,291 705,953 745,554 743,904 665,177 764,996 804,285 780, 702 733, 241 736, 242 762,674
Alcohol, denatured:}
Consumption (withdrawals)
thous. of wine gal
19,012 15,473
18, 946 r 26,096
12, 753 11,486
13, 530 15,717 16,119
14, 770
17, 610
10,817
14,647
Production
_
_
do.
14,831
16,044
12,382
11,894 13,229 13,852
11,617 10,017
13,060 12,313
16,019 ' 26, 545 19,261
Stocks
..__
do.
9,642
8,082
8,962
16,224 13,306 10,007
18,549 17,802
5,131
21,031 21,257 18,844 18,396
r
2
Revised.
1 See note marked "<8>'\
Includes data for 1 company which did not report prior to August 1946; revised data for earlier months will be shown later.
<g>Data for nitric acid and synthetic anhydrous ammonia include operations of 2 plants beginning June 1946 and for the latter, 1 additional plant beginning August 1946, which
did not report previously; production of the plants involved was classified as military prior to the months indicated and was not included.
4 Deficit.
cflncludes passports to American seamen.
®For 1944 revisions see August 1945 Survey.
• Not available for publication.
^Data relate to Continental United States.
§Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and sources of 1942 data.
©Data have been shown on a revised basis beginning in the March 1945 Survey.
• Data were revised in the September 1945 Survey; see note in that issue.
{Data continue series published in the 1942 Supplement but suspended during the war period; data for December 1941-February 1945 will be shown later.
fData have been shown on a revised basis beginning in the June 1944 Survey; revisions for January 1937-February 1943 are available upon request.
•New
series compiled by the Bureau of the Census; see pp. 23 and 24 of the December 1945 Survey for data through December 1943 except for carbon dioxide, sodium silicate
calcium
arsenate, and lead arsenate; data beginning 1941 for these series will be shown later.
S-24
SURVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Surrey
September
1946
November 1946
1945
September
1946
Octo- | Novem- December j ber
ber
January
February
March
April
May
June
July
i August
CHEMICALS AND ALLIED PRODUCTS—Continued
!
CHEMICALS—Continued
Alcohol, ethyl: •
Production
thous. of proof gaL_
Stocks, total
do
In industrial alcohol bonded warehouses....-do
In denaturing plants..
_
do
Withdrawn for denaturing
do
Withdrawn tax-paid
do
Glycerin, refined (100% basis):*
High gravity and yellow distilled:
Consumption
__
thous. oflb_
Production
do
Stocks
do
Chemically pure:
Consumption.
do
Production
_
do
Stocks
do
Other selected organic chemicals, production:
Acetic acid (synthetic and natural)*
do
Acetic anhydride*
_
.....do
Acetyl salicylic acid (aspirin)*
do
Creosote oil*
thous. of gal..
Cresylic acid, refined*
thous. of lb_.
Ethyl acetate (85%)*
do....
Methanolr I
Crude (80%)
thous. of gal.
Synthetic (100%)
do
Phthalic anhydride*
thous. of lb_.
17, 796 r 33, 352 r 24,452 r 21,557 '21,991 r 21, 682 «• 22, 697 r 25, 637 f 24. 902 r 19, 475 r 18,600
72, 368 r139. 571 132,015 126,190 111,493 122,891 123,951 121,654 118;318 113,169 110,539
28,779
47, 557 43,635
40, 569 42.030 40,320 43,131
39,294 36,369 37,014
37,570
43, 589 ' 92,014 88,380 85,621
69, 463 82, 571 80,821
84,083
79,025 76,799 73,525
29, 274 ' 48,668 35,515
37,965
24,070
21,393
24,429 25,643 22, 832
18, 532 22,081
4,364 ' 3, 281
3,023
3,809
3,579
4,153
4,080
5,118
4,561
4,411
4,276
16, G19 r 19, 981
98, 545 86, 474
34, 239 31, 788
64, 306 54, 686
27, 377 29,267
4, 684
5, 733
6,089
4, 621
12, 805
7,229
6,494
18,109
8,451
7,544
17, 562
6,395
5,612
15,901
5,825
5, 234
15,135
6,010
5,010
15,864
5,588
5,323
17, 591
6,431
5,373
19, 347
6,4S9
5. 780
18,700
6,440
5,687
18,297
6,865
5,319
16, 591
175
4 118
14 821
6, 286
5,211
13,234
4,924
6, 594
22, 539
7,523
7,079
22, 271
8,142
7,170
19,067
7,143
7,750
18,346
6,109
6,391
17,596
6,336
7,636
16,941
5,446
7,741
19,028
5,777
8,992
18,634
5, 568
8,000
19, 708
5,800
8,024
20,881
5,379
7,634
21,894
5 24 Q
5 558
21 122
5,745
6,864
22, 017
20, 812
37, 789
962
12,198
2,431
6,849
18,478
38, 535
1,011
13, 550
2,133
7,329
22,063
46,241
966
13,747
2,573
24,322
44,294
910
12,059
2,108
7,110
22,983
45, 733
986
11,755
1,529
6,421
23,143
38,330
934
8,443
1,292
6,412
26, 746
44,027
976
13,295
2,169
7,751
25, 529
44, 790
1,014
12, 438
2,035
7,610
23,266
40,757
975
9,492
1,362
7,180
26,013
42, 546
676
10,101
1,903
6,542
26, 331
44 521
572
11 154
2 181
9 877
27, 060
39,954
460
243
6,112
9,567
278
4,736
8,066
253
5,680
7,881
295
6,823
8,555
264
7,237
9,061
231
6,259
7,094
248
6,991
9,777
231
6,616
9,217
260
1,119
8,128
248
5.878
7,739
250
6 753
8 921
388
Consumption, Southern States©., thons. of short tons-86, 647
Exports, total <g>
long tons.3, 581
Nitrogenous ®
do___
66,878
Phosphate materials <g>
do
5, 705
Prepared fertilizers <g>
do
69, 653
Imports, total ®
do
65,407
Nitrogenous, total ®
do
22,861
Nitrate of soda ®
.
do
732
Phosphates ®
do
0
Potash <8>
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars, port
1.650
warehouses O
_
dol. per 100 lb_. 1.900
62,568
Potash deliveries
short tons..
Superphosphate (bulk) :f
721,475 651,140
Production
do
Stocks, end of month
do
706,876 914,147
375
95, 257
5,847
75,291
4,021
79,128
68,056
25,777
7,538
0
355
115,015
25,709
79,026
2,757
64,096
55,698
14,556
4,444
0
501
98,148
32,448
55,026
362
68,949
56,174
13,030
4,454
3,000
1,079
86, 569
11,317
65,032
716
119,409
100,118
47,862
8,958
3,929
1,272
114,932
28, 866
74,787
348
83,893
66,025
22.437
10.438
200
1,309
84,171
13,214
63, 789
558
126,525
110,854
65,227
971
1,350
745
97,079
13, 501
73, 022
2,984
127,231
113,528
69. 553
714
982
404
85,191
15,261
64.989
505
129,963
109,104
79,379
8,055
1,000
237
85, 783
13,629
68,202
313
114,554
105,132
83,556
2,210
0
20G
110, 519
19, 801
83, 362
534
72, 409
59, 598
28, 279
8,996
0
220
101, 575
13,170
80, 510
776
95, 356
88, 902
13, 521
3,040
0
1.650
66,158
1.650
1.650
81,185
1.650
95, 769
1.650
73,577
1.650
85,314
1.650
79, 778
1.650
60,172
1.650
1.650
1.900
732,814
718,023
808,541
656,425
904,994
717,426
916,458
702, 564
847,990
716, 775
675,130
765, 314
523,999
687,926
515,390
625, 008
643,662
657,594
712, 244
1697,618
1
714,576
38,205
38,795
37,643
34, 745
35,935
36, 268
38,069
33, 336
43,584
47,122
42,190
47, 327
' 2,621
«r• 2,128
4,147
' 2. 239
3,452
2,292
4,561
2,187
3,304
2,257
4,823
2,367
3,350
2,142
5,330
2, 459
3,383
2,057
5,413
2,346
3,612
2,439
5,647
2,505
3,919
2,541
6,139
2,763
3,784
2, 318
6,126
2,716
3,825
2,271
6,321
2,695
3,173
2,038
6,201
2,652
2,851
1,932
5,993
2.628
3,246
2,166
5, 384
2,180
6.76
397, 731
473,146
6.76
6.76
6.76
375, 501
479,890
6.76
6.76
6.76
302,054
388,682
6.76
6.76
6.76
416,690
364,179
6.95
6.76
.77
142,078
165,326
.80
.84
.84
.84
145, 477
77,440
230
FERTILIZERS
12,112
2,339
8,122
245
6,823
8,467
!
MISCELLANEOUS
Explosives1 (industrial), shipments
thous. of lb_. 50, 307
Gelatin: d
2,782
Production, total*_._
_._do
1,900
Edible
do....
4,999
Stocks, total*
do....
2,315
Edible
do..Rosin (gum and wood):
Price, gum. wholesale " H " (Sav.), bulk
7.40
dol. per 1001b..
Production*..
_
drums (520 Ib.)_.
Stocks*
do
Turpentine (gum and wood):
1.00
Price, gum, wholesale (Savannah)f
dol. per gal._
Production*
bbl. (50 gal.)..
Stocks*
do
Sulfur:*
Production
long tons.. 335, 300
3,881,397
Stocks
do
.83
121,099
150,098
85,908
100, 749
341,060 348, 365 323, 738 331, 843 318, 722 286,316 281,490 284, 473 305,330 304, 472 347, 936 356, 355
3,682,511 3,858,728 3,916,334 4,003,917 4,060,461 4,063,286 3,978,735 3,892,982 3,873,962 3,861,525 3,849,067 3,850,9,18
O I L S , FATS AND BYPRODUCTS
Animal, including fish oil:
• Animal fats:J
97, 229
95, 743
86, 595 106, 522 ! 116, 707 111,115
95,487 112,173 117,133 115,984 119, 264 117, 782 102, 231
Consumption, factory
thous. of lb>
61, 731 155,031 | 164,949 232,665 258,941 236,879 291,151 208,385 194,656 201,757 136,182 193, 029 194,810
Production
do
Stocks, end of month..
do-_. 145, 205 189,392 |179, 667 200,043 231, 504 255,195 274, 512 264,817 251,468 204,982 162,986 180,883 171, 286
Greases:j
39,550
54,953
49,729
43,590
35,557
40,558
40,348
50,012
49,895 49,933 44,982
40.238
46,764
Consumption, factory.
do.
49,360
27,698
37,569
41,127
44,516
45,673 48,141
53,213
47,908
47,633
38,078 I 45| 042 43,879
Production
do.
92,996
78,390
71,094
66,052
65,397 j 72,316
81,423
91,807
96,189
95,171
90,569 | 103,285 | 92,241
Stocks, end of month
do.
r
Revised. ©Excludes data for Mississippi, which has discontinued monthly reports; data prior to March 1946 shown in the September Survey and earlier issues include this State.
i Includes data for two companies which did not report prior to August 1946, and beginning September 1946, one additional company which did not report previously.
O For a brief description of this series see note in April 1946 Survey. tSee note marked " t " on p. S-25.
§ See note in the April 1946 Survey with regard to differences between these series and similar data published in the 1942 Supplement to the Survey.
• Data for ethyl alcohol, except stocks at denaturing plants, continue data published in 1942 Supplement to the Survey but suspended during the war period; data for January
1942 to February 1946 will be shown later; the comparatively small stocks of ethyl alcohol at denaturing plants prior to 1942 were not reported. Data for production of spirits and
unfinished spirits at registered distilleries and stocks of such spirits, which were shown here in the May to October 1946 issues of the Survey, are now included with figures for distilled spirits on p. S-26. Production of such spirits from early 1942 through August 1945 represented primarily production for industrial purposes under the Acts of Jan. 24 and Mar.
27,1942; only 2,022,000 proof gallons of spirits were produced for industrial purposes in September 1945; thereafter production has been substantially for beverage purposes. The figures
shown above for production of ethyl alcohol are net after deducting products used in redistillation; in the May-October 1946 issues products used in redistillation were excluded from
the combined total for ethyl alcohol and spirits but were not excluded from the separate figures for these items.
cf Data for gelatin cover all known manufacturers; the series for edible gelatin continue data published in the 1942 Supplement; the totals include technical, pharmaceutical and
photographic in'addition to edible gelatin; data prior to March 1945 will be shown later.
® Data continue series published in the 1942 Supplement but suspended during the war period; data for all series for October 1941-February 1945 will be published later. (Corrected data for 1937-July 1945 for total and nitrogenous fertilizer imports will also be shown later; tankage not fertilizer has been excluded).
•New serievS. For a brief description of the series on glycerin, see note in November 1944 Survey. For data through December 1943 for the other indicated chemical series, see p. 24
of the December 1945 Survey. Data for production and stocks of rosin and turpentine are from the Department of Agriculture and represent total production of gum and wood
products and stocks held by producers, distributors and consumers. These series have been substituted for data formerly shown for three ports, which have declined in importance;
data beginning in 11)42 will be published later. Data for 1940-43 for sulphur are shown on p. 24 of the May 1946 Survey. See note marked "d"" regarding the new series for gelatin.
t Revised series. See note in November? 1943 Survey regarding change in the turpentine price series beginning in the April 1943 Survey and superphosphate beginning
September 1942.
SURVEY OF CURRENT BUSINESS
November 1946
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
1946
September
S-25
1945
September
October
Novem- December
ber
1946
Janu- ! February j ary
March
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND
BYPRODUCTS—Continued
I
Animal, including fish oil—Continued
Fish oils:J
24, 444
Consumption, factory
thous. of lb_. 15,465
22, 577 19, 493 16,072 16, 224 14,931
14, 525
13,408
15, 647
30, 549 28,114
13, 319
23,295
40,146
16,955
903
648
2,173
24,870
Production.
_
do
37,324
6,105
3,718
27, 874
831
13,876
108, 211 128,806 141,017 132, 246 118,149
93, 304
73,676 60,842 55, 484
Stocks, end of month
do
97,468
79,276
58,906
Vegetable oils, total:
255
387
335
296
270
363
369
219
264
345
Consumption, crude, factory
mil. of lb_.
330
5,766
9,175
22,902
6,829
17,457
3,301
3,490
31,605
16, 817
Exportso"
thous. of lb_.
9,915 29, 776
14,103
34,730
23,727
5,034 37,253
2,906 22,283
12,351
17,863
6,438
Imports, totalcf..
___do
17,392 13,492 11,420
10,076
1,102 19,149
6,883
20,891
1,198 23,722
8,290
11,085
5,077
3,559
Paint oilsd*
do
9,445
13,651
1,804
4,537
3,836 13,532
3,134
4,061
13,839
6,778
8,415
2,879
All other vegetable oilscf
do
7,947
279
261
327
295
431
261
255
407
374
235
287
Production.
mil. of lb__
318
379
Stocks, end of month:
515
695
705
725
724
647
546
503
499
740
604
486
Crude
„
do
267
321
352
359
413
502
407
463
548
475
535
544
Refined
_
do
Copra:
8,762
15,417
. 2,840
8,943
9,393 13,921
17,488
20,239
31,294
18,871
21,408
Consumption, factory^
short tons_. 37, 510
0)
9,415
8,428
1,437
11,724 22,788
42,846
11,426 15,965
18,129
34,238
36,975
Importsd"
--do
8,591
38,662
3,483
2,083
6,122
12,180
24,333
37,710
9,947
8,925
15,432
48, 551
13,889
Stocks, end of months
do
0)
Coconut or copra oil:
Consumption, factory:X
10,859
13, 264 12,545
14,243
14, 218
12, 748 20,334
19,695
30, 709
11,490 12,919
24,888
Crude.
_
thous. of lb_. 42,707
20,437
5,086
4,671
4,804
8,571
5,624
5,323
4,179
16,055
7,161
8,148
4,307
7,758
Refined
„
do
594
2,717
229
133
0
0
0
945
0
0
0
546
Importsd"
do
Production:
47,417
11,236
20,123
3,597
17,557
25, 247
39, 614
11, 430 12,016
22,353
27,188
Crude*...
do
()
5,395
4,635
4,689
8,173
4,446
3,679
5,043
3,371
16, 603
12,729
Refined
_
d o . . . . 22,815
8,737
8,504
Stocks, end of month :J
105,974 138, 510 145,896 133,713 125,169 120,694 114,103 120,045 119,090 108,493
92, 366 100,880
85,537
Crude...
do
10,541
1,983
2,038
1,882
1,832
2,199
1,505
5,475
9,257
2,038
Refined
.do
10,258
3,125
Cottonseed:
227
550
42
563
462
285
228
54
103
89
Consumption (crush)
thous. of short tons..
'247
443
163
446
955
789
152
133
116
60
'461
9
111
Receipts at mills
do..-.
328
9
33
359
'423
634
370
833
1,059
482
118
140
Btorks at mills, end of month
do..».
241
100
147
944
Cottonseed cake and meal:
18, 234
Production
_
short t o n s - 98,629 r109,182 240,449 251,625 194, 227 203,319 125,542 100.544 68,680
37, 972
23,303
44,252
52, 276
49, 582 56, 375 52, 741 52, 827 61,072 56,001
32,384
Stocks at mills, end of month
do
55,571
45, 738
40,314
48,616
27, 765
Cottonseed oil, crude:
13, 518
72, 347 50,834
26,021
Production
_.
thous. of lb_. 69,807 T 76,155 171,060 176,006 137, 976 143. 349
32,626
16, 781
63, 245 ' 49, 288 93,325 109,820 114, 477 128,166 105,255
91,650 63, 563
23, 493
Stocks, end of month
do
24,542
27,114
43,994
Cottonseed oil, refined:
65, 774
76,748 73, 760 64, 008 84,004 84,568 77,416 84,414
82,163
84, 768
67,513
Consumption, factoryX
d o — 61, 321 74,709
16,132
17,808
18, 650 16,482 15,042 18, 794 18,034
18,491
13,504
16, 501
15, 542
16,144
In oleomargarine
.
do
Price, wholesale, summer, yellow, prime (N. Y.)
.143
.143
.143
.143
.143
.143
.163
.143
.143
143
dol. per lb_.
.143
()
()
14, 982
48, 258
Production^.
__
„._
thous. of lb_. 26, 591 ' 53,483 108,363 150,092 119,752 112,067 109,495 77, 837 69.571
33,457
21, 354
157, 322 203 991 232, 457 305, 238 359,143 386,122 406,486 404, 645 394,368 353,322 316,186 263, 360 197,152
Stocks, end of month
.
._
.do
Flaxseed:
432
123
642
592
286
179
377
Importscf
.--thous of bu_.
796
788
Duluth:
883
175
2,901
2,566
40
114
884
116
496
210
Receipts..
do
142
114
278
629
2,417
210
1,247
231
545
1,336
17
133
Shipments
._.
do
0
751
482
288
2,231
1,279
2,082
175
1,175
1, 274
194
Stocks
do
428
496
292
1,315
1,134
Minneapolis:
3,174
638
1,670
323
554
7,251
6,003
Receipts
do
783
362
2,725
233
468
365
751
225
866
1,218
173
Shipments
_
_
._
do
165
588
68
134
197
481
210
248
3,219
2,576
Stocks
do
5,033
4,594
261
4,078
620
2,489
1,691
1,042
1,202
5,026
3,355
Oil mills:*
2,343
3,606
2,015
3, 692
2,865
Consumption
___.do
3,239
2,317
2,626
2,777
2,091
2,789
2,046
2,470
3,644
2,739
5,546
2,846
Stocks, end of month
,
...do
5,583
5, 751
2,636
3, 309
4,955
4,260
2.306
2,495
2,789
3.79
Price, wholesale, No. 1 (Minneapolis)__.dol. per bu_. 4 4.00
3.10
3.10
3.10
3.10
3.95
3.10
3.27
3.10
3.10
3.10
3.35
Production (crop estimate) _
_
thous. of bu_. 23, 723
» 36,688
Linseed cake and meal:
Shipments from Minneapolis
_
thous. of lb_. 27,840
24,960
41, 580 54,840 49,920 35, 220 32,340 29,220 30,960 34,080
24,840
41, 700
26,820
Linseed oil:
43, 227
41, 603
44, 257 43,054
Consumption, factoryt
-do
40,486
49,687 42, 881 39,069
46,652
51,297
48,938
45,737
.178
.155
.155
.155
.176
.155
.155
.155
.155
Price, wholesale (N. Y.)
dol. perlb..
.155
.155
.155
.168
75,884
52, 742 56. 769 71,872 63, 438 56,016 45,749 40, 622 42,129
41,371
Production*
thous. of lb.. 46, 494
50,522
57, 290
23,040
20, 400
27, 720 24,600 26, 580 23,880
27, 360 35,820 28,800 26,280
23, 520
20,100
Shipments from Minneapolis.do
22,980
128,653 168,695 167,526 171,872 180,056 173,693 152,812 138, 748 132,346 117, 589 115,468 121,810 128,814
Stocks at factory, end of month..
do
Soybeans:
9,912
14,040 13,860
15,241
12, 957
12,083
11, 955
16,310 15,319
14,214
12,051
13,984
Consumption, factoryt
thous. of bu .. 4 9,033
183, 432
3191,722
Production (crop estimate).
_„
do
1,793
37.249 34,087
16, 702
3,547 26,778 50,834 46, 255 42, 777 39,371
27, 799
22, 753
9,176
Stocks, end of month
do
Soybean oil:
86, 344 99,626 94, 726 81,680 90,770 86,023 88,478 90,566
85,466
94,936
86,459
98,870
Consumption, factory, refined*
thous. of lb__. 89, 810
Production:*
82, 612 108,684
124, 251 118,146 143,436 135,103 134, 747 125.990 124, 587 107,904 116,508 107,441
Crude
do
92,048 101,132 88, 675 91,396 112,817 121,887 119,199 112,155 114,395 105,136
96, 301 106, 081
Refined
do^-.. 88,10(3
Stocks, end of month:?
116,
522
104,094
150.
589
116,912
149,410
140,
352
86,564
146,866
131,659
148,
334
133,637
153,079
137, 539
Crude
.
do
73, 395 71,090
79, 522 95,906 110.079 114,637 111,749 116,356 103,110
77, 293 105, .165 92,562
90, 535
Refined
.
do
Oleomargarine:
34,556 46, 438 41,063 43,008
47,644 43,636 45,014 41,837
37,232
34, 567
41,930
40, 781
Consumption (tax-paid withdrawals)§...
do
Price, wholesale, standard, uncolored (Chicago)
.195
.165
.165
.165
.165
.165
.165
.165
. 165
.165
.165
dol. perlb-.
(5)
(5)
44,632 49,720 46,027 44, 443 48,099 45,503
46, 677 43,495
41,969
36,032
43, 402
Production!...
thous. of lb_.
47, 262
Shortenings and compounds:
100, 740 115,535 137, 338 121,930 101.867 118, 797 119,343 108, 434 113,829 123, 847 103,861 100, 890 134, 921
Production
do
52,830
39. 793 44,002
39, 551 35, 265 39, 725 33, 095 45, 719 43,635
46,233
44, 045
45,868
Stocks, end of month
.
do
42, 503
.171
.165
.165
. 165
.165
.165
.165
.165
.165
.165
.165
Vegetable price, wholesale, tierces (Chi.)--dol. per lb..
3
* Revised.
Not available4for publication.
* Included
in total vegetable oils but not available for publication separately.
3
5
December 1 estimate.
October 1 estimateNo quotation.
* Revisions for 1941-42 for coconut or copra oil production and stocks and linseed oil production and for 1941-43 for other indicated series are available on request; revisions were
generally minor except for fish oils (1941 revisions for fish oils are in note on p. S-22 of the April 1943 Survey).
i Data for January 1942-February 1945 will be shown later; publication of these data was temporarily discontinued in 1942.
§ For July 1941-June 1942 revisions see February 1943 Survey, p. S~23; revisions for July 1942-June 1944 are on p. 23 of November 1945 issue; revisions for July 1944-June 1945 are
p. 1S-25 of the August 1946 issue.
on p.
Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be shown later.
SURVEY OF CUEKENT BUSINESS
S-26
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Surrey
1946
November 1946
1945
September
September
October
1946
Novem- December
ber
January
February
March
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
PAINT SALES
Calcimines, plastic-texture and cold-water paints:!
Calcimines
thous. of dol
Plastic-texture paints
._
do..
Cold-water paints:
In dry form..
do..
In paste form for interior use
do..,
Paint, varnish, lacquer, and fillers, total
do..,
Classified, total
do..,
Industrial
—__do—.
Trade
do...
Unclassified
do...
C8
91
68
68
111
75
100
87
85
100
113
96
91
443
217
63,045
55,765
24,014
31,750
7,280
90
48
208
243
48,020
42,862
16,851
26,011
5,158
281
180
57,540
51,83S
20,820
31,018
5,702
271
200
50, 298
45,039
18,996
26,043
5,259
190
187
43,382
38,072
16,614
21,458
5,311
199
269
56,556
£0,415
19,983
30,432
6,141
262
240
54, 573
48,891
17,643
31,248
5,682
305
274
64,697
58, 279
20,940
37,339
6,418
365
271
72,339
65,021
24,256
40,765
7,318
439
281
72,463
65,134
24,475
40,659
7,329
1, 535
7,001
1, 515
1,313
5,344
1,222
],533
6,114
1,426
1,660
6,171
1*498
1,165
5,395
1,289
1,564
6,690
1,514
1,549
6,025
1,435
1,752
6,504
1,521
1,861
7.181
1,714
1,643
7,251
1,532
73
133
96
111
73
115
476
500
244
269
66,071 • 65, 202
59,422 • 59. 258
23, 653 • 24, 259
35, 769 • 34,999
6,649 ' 5, 944
CELLULOSE PLASTIC PRODUCTS
Shipments and consumption:!
Cellulose acetate and mixed ester plastics:
Sheets, rods and tuoes
_
thous. of lb.
Molding and extrusion materials
do...
Nitrocellulose, sheets, rods, and tubes
do...
1,826
6,736
1,429
1,883
7,167
1,524
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, t o t a l s .
_
. . . mil. of kw.-hr..
By source:
Fuel
do
Water power
do
By type of producer:
Privately and municipally owned utilities
do
Other producers
. . do _
Sales to ultimate customers, total (Edison Electric
Institute) J._
mil. of kw.-hr_.
Residential or domestic
. . do .
Rural (distinct rural rates). _.
do
Commercial and industrial:
Small light and power ^
do
Large light and power ^
. . do
Street and highway lighting J ._ . .
.do
Other public authorities f
do
Railways and railroads ^
- - do
Interdepartmental f ._ .
_
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous. of dol..
18,814
17,012
17, 662
17, 360
18,108
18,403
16,193
17,800
17,477
17,675
17,624
18. 620
' 19,51S
13,172
5,642
10, 983
6,028
11,197
6,465
11,028
6,332
11, 522
6,586
11, 292
7,110
9,967
6,226
10,521
7,278
10,797
6,680
10,577
7,099
10,943
6,681
12, 204
6,416
'13,385
r 6 12c
16,123
2,692
14,507
2,505
15,118
2,544
15,092
2,269
15, 705
2,403
15,901
2,501
13,900
2,294
15,288
2,512
15,076
2,402
15,162
2,514
15, 212
2,412
16,045
2,575
16,783
' 2,731
14,895
2,693
383
14, 902
2,789
390
14, 908
3,026
258
15,283
3,275
264
15, 757
3,658
242
14,920
3,505
243
15,091
3,282
249
15,233
3,094
328
15,064
2,994
379
15,185
2,954
443
15,608
I 2,883
470
16,474
2,90C
54j
2,477
8,028
175
562
533
45
2,509
7,826
197
555
588
48
2, 566
7,657
209
535
608
50
2,663
7, 561
223
540
702
56
2, 755
7,596
229
512
708
57
2,708
7,083
198
518
614
51
2,622
7,592
193
486
613
53
2,595
7,916
174
483
591
52
2,578
7,869
160
463
570
51
2,617
7,963
147
459
550
51
2.718
8,309
154
464
558
52
2,815
8,953
168
468
572
51
267,943
271,413
276,718
284,845
297,601
288,746
282, 543
278,337
277,145
278,544
279, 659
286,945
53,234
51,291
46, 754
41,802
40,159
233, 502
224,179
200,780
183,736
170,284
GASf
Manufactured and mixed gas:
Customers, total
. . . . thousandsResidential
_
_
do
Residential central heating
do
Industrial and commercial
...
do
Sales to consumers, total
mil. of cu. ft—
Residential
__ ._
.......do
Residential central heating
do _
Industrial and commercial.
do
Revenue from sales to consumers, total-.thous. of doL_
Residential
-do
Residential central heating
do
Industrial and commercial
- -- do _
Natural gas:
Customers, total
-.
thousands._
Residential (incl. house heating)
. . ..
do
Industrial and commercial
- do _
Sales to consumers, total—
mil. of cu. ft..
Residential (incl. house heating)
do....
I n d l , coml, and elec generation
do
Revenue from sales to consumers, total--thous. of dol__
Residential (incl house beating)
do _
Indl., coml., and elec. generation . . .
do
10,742
9,869
396
469
131,982 136,466
»63,421
> 6,191
1
37,522
» 97,534
»70,518
>4,287
»22,273
10,685
9,777
440
458
i 41,463 148,872
»67,703
»26,952
> 40,925
a 117,669
J 75,130
116,425
»25,464
9,188
9,482
8,537
8,761
649
718
«144,254 »150,641 U74,743 1197,634
» 75,746
»156,228
*350,580
* 312,220
*121,176
U71,588
1
» 54,512
95,141
»65,199
» 75,707
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquor:f
'7,803
8,436
Production
thous. of bbl..
8,081
6,798
7,508
7,236
5,452
6,832
7,373
5,642
5,836
7,228
' 7,479
7,381
6,800
6,856
6,228
6,527
5, 581
Tax-paid withdrawals
do
6,367
7,209
6,708
5,958
7,838
8,322
7,855
8,189
8,449
' 8,223
8,429
Stocks, end of month
do
8,710
7,881
8,135
8,039
7,761
Distilled spirits:
Apparent consumption for beverage purposesf
14,307
18,609
19,030 20,250
18,719
thous. of wine gal—
18,916 19, 470 19,393
19,068
19,124
18,535
1,007
1,189
1,366
1,194
Imports •
thous. of proof gal—
1,155
1,159
1,580
1,467
1,964
2,078
1,525
Productiont
thous. of tax gal— 25,019 ' 16,021 ' 31,034 '26,641 1 25, 086 ' 26,690 ' 24, 788 '20,912 ' 19,719 r 15,304 ' 13,486
16,011
13,643
Tax-paid withdrawals!
do
11,115 ' 10,663
9,901
11,356
12,239
10,816
11, 272 10,612 10,880
12,120
9,632
420,778 363,496 ' 364,303 '368,066 •380,534 •392,446 403,776 410, 226 417,419 •418,657 420,262 421,390
Stocks, end of monthf
do
'1 Revised.
<| For 1943-44 revisions for the indicated series, see notes at bottom of pp. S-23 and S-24
of the May 1945 Survey.
2
Original estimates adjusted to agree with quarterly totals based on more complete reports.
Total for quarter.
% Data for some items are not comparable with data prior to 1945; see note for calcimines, plastics and cold-water paints at bottom of p. S-23 of the December 1945 Survey.
§ Data for sheets, rods and tubes cover all known manufacturers and are comparable with the combined figures for consumption and shipments of these products shown in the
1942 Supplement. See note in September 1946 Survey regarding a change in the coverage of the data for molding and extrusion materials in June 1945.
d" See p. 22 of July 1946 issue for 1943 and 1944 revisions for total electric power production and production by source. Revisions by type of producer are available on request.
• Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
t See note marked "f" on p. S-25 of the April 1946 Survey regarding revisions in the data on natural and manufactured gas and the basis of the monthly estimates of gas sales;
beginning with the quarterly survey for January-March 1946, data are reported on a new basis; the new data are not shown here pending revision of the 1945 figures to a comparable
basis. See note marked "f" on p. S-27 regarding revisions in the series on alcoholic beverages. Beginning in this issue of the Survey, stock figures for distilled spirits include
products branded "spirits" which were shown in the May-October 1946 issues along with the data for ethyl alcohol on p. S-24 as "spirits and unfinished spirits;" such spirits were
produced primarily for industrial purposes from early 1942 through August 1945; production of spirits by registered distilleries for industrial purposes in September 1945, which is not
included above, was comparatively small; spirits produced since that month have been substantially for beverage purposes. Production figures are net, excluding spirits used in
redistillation. For tax-paid withdrawals of ethyl alcohol, which are not included here, see p. S-24; these are largely for beverage purposes.
SURVEY OF CURRENT BUSINESS
November 1946
1946
Unless otherwise s t a t e d , statistics t h r o u g h 1941
and descriptive notes m a y be found in the Septem- Septem1942 S u p p l e m e n t to t h e Survey
ber
ber
S-27
1945
October
1946
Novem- December
ber
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
ALCOHOLIC BEVERAGES—Continued
Distilled spirits—Continued.
Whisky:
Imports§
thous. of proof gal.
8,517
Productiont
thous. of tax gal..
4,915
Tax-paid withdrawals!
_
do.
378,900
Stocks, end of monthf
_
..do.
Rectified spirits and wines, production, totalf
thous. of proof gal.. 14,415
12,484
Whisky
do.
Still wines:
Imports§
thous. of wine ga ^_
Production (including distilling materials)!
do
Tax-paid withdrawals!
_
do.
Stocks, end of monthf
do.
Sparkling wines:
Imports§
do.
Production!-do.
Tax-paid withdrawals!
do.
Stocks, end of month!..
do.
916
9,582
6,655
328,729
897
10,373
6,345
330,927
803
15, 923
4,780
341,235
960
17,128
6,053
350,063
845
14,974
5,394
358,857
970
12,856
5,557
364, 539
932
12,553
5,239
370,268
1,032
8,122
5,013
371,863
137
7,423
3,934
374,073
154
8,526
4,903
376, 213
118
7,504
4,870
377, 290
11,480
' 9,763
14, 785
12,677
13,909
12,074
11,171
13,425
11, 582
12,486
10,432
13, 579
10,874
13,860
10,905
13,378
10,462
11,949
14, 450
11, 764
15,036
12,150
134
65,885
5,196
109,492
224
167,396
7,785
169,007
247
18,361
9,057
174,502
274
5,306
8,680
163,965
153
2,924
9,785
152,622
299
3,551
12,809
139,139
321
6,273
11,982
126,622
476
8,154
11, 246
115,341
414
8,593
11,100
102,014
532
11,015
10,177
91,995
439
83,042
9,878
183,357
7
104
125
1,137
21
145
174
1,107
42
132
211
1,000
43
113
210
877
24
155
126
167
121
15
215
145
1,000
43
283
144
1,129
248
153
1,216
56
194
168
1,225
238
167
1,291
104, 695 ' 99,791
75,632 189,888
.423
.423
88,741
164,646
.473
68,834
108,501
.473
66, 640
53,127
.473
69,520
32,135
.473
66,030
19,462
.473
76,815
14,925
.473
91,140
14,052
.473
113,995
26,856
.523
119, 325
49, 649
.694
127, 330
69, 510
.705
115,765
2,699
674
6,145
5,149
327,357
f
r
32
DAIRY PRODUCTS
Butter, creamery:
Price, wholesale, 92-score (N. Y.)J._dol. per lb_Production (factory)!
thous. of lb__
Stocks, cold storage, end of m o n t h s
...do
Cheese:
Imports§
._
do
Price, wholesale, American Cheddars (Wisconsin)
dol. per lb_.
Production, total (factory)!
thous. of lb_.
American whole milk!
_
do
Stocks, cold storage, end of monthcf....
do
American whole milk
_
do
Condensed and evaporated milk:
. Exports:§
Condensed
._
do
Evaporated
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
_.dol. percase..
Evapqrated (unsweetened)
_
do
Production:
Condensed (sweetened):
Bulk goods*
thous. of lb_.
Case goods!
do
Evaporated (unsweetened), case goods!
do
Stocks, manufacturers', case goods, end of month;
Condensed (sweetened)
tbous. of lb_.
Evaporated (unsweetened).
do
Fluid milk:
Price, dealers', standard grade.
dol. per 100 lb_.
Production
.mil. oflb..
Utilization in manufactured dairy products!...do
Dried skim milk:
Exports§
.thous. oflb..
Price, wholesale, for human consumption, U. S.
average
-dol. per lb._
Production, total!
thous. of lb_.
For human consumption!,....
do
Stocks, manufacturers', end of month, total
do
For human consumption..
.do
859
1,054
1,967
1,533
1,464
1,461
1,663
1,275
1,807
.435
.233
93,195 - 89,752
70,655 ' 7 1 , 0 0 9
158,196 227,354
126,765 207,438
.233
78,517
59,118
213,054
193,965
. 233
60,856
44,774
173, 736
159,284
.233
58,085
41.697
127,011
112,896
.233
62,880
44,440
106,623
95,725
.270
62,765
43,865
91,372
81,913
.270
77,665
53,160
.270
125,095
91,140
102,142
74, 420
.270
98,145
62,185
84,845
73,054
.295
129, 500
96,930
136,759
110,807
.371
116, 625
87,830
148,786
120,136
7,294
46,873
1,625
23,988
6,313
63,449
5, 525
83,779
13,626
91,591
7,185
103,114
9,791
112,217
10,899
82,005
9,786
101,653
5,667
38, 760
6,619
135, 652
3,066
89,447
7.78
5.46
6.33
4.15
6.33
4.14
6.33
4.14
6.33
4.14
6.33
4.15
6.33
4.15
6.33
4.15
4.14
6.33
4.21
6.33
4.54
6.79
5.09
7.03
5.32
57,865
8,250
242,0U0
40,126
11,824
269,742
33,742
11,224
210,362
30,348
8,820
165,627
33, 735
8,857
165,062
32. 240
8,800
181,400
35,875
8,140
182,500
49, 705
10,025
235,200
70,795
10,190
297,400
102,915
12,600
381,000
104,170
13,170
385,800
90, 720
10,800
336, 600
75, 680
10,400
291,400
12, 505
202,775
11,753
172,565
7,842
131,226
7,261
89,844
5,357
71, 762
4,991
54,098
5,044
46,245
4,415
59,045
5,551
80,577
7,748
150,579
9,617
219,180
10, 536
229,172
10, 826
211,690
4.40
9,404
3,720
3.26
9,622
3,667
3.26
9,079
3,171
3.27
8,264
2,493
3.27
8,382
2,403
3.27
8, 615
2,573
3.28
8,292
2,493
3.29
9,796
3,002
3.30
10,540
3,664
3.32
12,301
4,638
'3.47
12,644
4,803
3.90
11, 956
4,685
4.22
10,839
' 4, 226
22,396
10,247
18,225
26,684
25,285
27,164
15,856
8,358
4,014
5,101
20,992
23, 596
.140
41,951
40,873
' 39, 925
r
38,775
.137
32, 724
32,073
23, 712
22,996
.139
25,680
25,259
12,825
12, 430
.143
32,755
32,282
14,042
13, 736
.144
38,690
37,800
12, 786
12, 474
.144
40,380
39,450
14, 551
14,313
.145
57,380
56,350
21,014
20, 778
.144
71,390
69, 750
35,402
34,832
.145
94.150
91,800
72, 572
71,448
.143
92, 575
89,450
85, 212
83.566
.146
73,400
71, 300
80, 546
78, 930
.145
56, 725
55, 300
67,192
65, 712
3,085
4,585
8,929
11,534
18,994
14,106
7,922
19,940
16, 111
i 68, 042
4,507
16,155
21, 217
5,175
10, 963
20,851
4,376
6,308
19,751
2,671
3,522
19,229
1,530
1,497
21,123
458
634
17,171
243
249
13,315
1,046
112
8,755
••1,319
'513
r
7, 724
360, 230
381, 267
377,126
375, 773
362, 314
344,026
321, 765
291,148
278,109
297, 629
395, 754
459, 581
189,033
204,093
198, 545
191,218
172, 512
156,274
147, 394
140,277
144,573
175, 704
227, 541
284,809
2.431
2.445
2.744
3.060
3.000
3.844
4.115
3,894
3.344
3.465
3.012
26,018
29,291
3.000
»425,131
23,840
19, 994
16,124
21,873
30,954
24,282
30, 203
30,627
25,095
• 21, 505
.147
39,840
39,100
61,098
F R U I T S AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu__ U20,657
6,061
Shipments, carlot
no. of carloads..
9,368
Stocks, cold storage, end of month
thous. of bu._
6,875
Citrus fruits, carlot shipments
no. of carloads..
Frozen fruits, stocks, cold storage, end of month
thous. oflb.. 498, 580
Frozen vegetables, stocks, cold storage, entf of month
thous. of l b . . 313, 288
Potatoes, white:
3.188
Price, wholesale (N. Y.)
dol. per 100 lb_.
Production (crop estimate)!
thous. of bu__ 2471,146
Shipments, carlot
___no. of carloads.. 21, 223
.409
106,470
81,010
160, 272
126,899
r
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal§
35,682
34,465
42, 572
35,295
33,417
thous. of bu
38,544
21,168
41, 542
28,845
27,347
28,346
Barley:
467
857
1,464
609
871
720
475
793
402
Exports, including malt§
do..
814
245
570
Prices, wholsesale (Minneapolis):
1.19
1.30
1.30
1.67
1.27
1.30
1.34
1.43
1.61
1.61
1.30
1.34
1.40
No. 3, straight
-dol. per bu_.
1.31
1.32
1.32
1.70
1.27
1.35
1.45
1.31
1.31
1.43
1.66
No. 2, malting
do
1.36
1.66
263,961
Production (crop estimate)!
thous. of bu_. 2 255,335
7,637
6,879
15, 243
9,832
19,931
4,116
Receipts, principal markets
_
do
22,046
5,089
4,668
8,284
5,062
18, 250
22,707
21,287
17,652
23,618
5,938
4,464
11,554
Stocks, commercial, domestic, end of month
do
18, 248
22,922
14,624
11,300
3,983
8,335
r
Revised. cPSee note marked "cf" on page S-29. i Dec. 1, estimate. s October 1 estimate.
$See note in June 1945 Survey for explanation of this price series. November average excludes sales at old price ceiling in effect through October.
§Data continue series published in the 1942 Supplement which were suspended during the war period; data for October 1941-February 1945 will be published later.
•Revised 1943 data are shown on p. 13 of the March 1945 Survey; see note on item in February 1945 issue regarding earlier data; January 1944-June 1945 revisions will be shown
later.
!Revisions for consumption of distilled spirits for beverage purposes for 1940-44 are available on p. 22 of July 1946 Survey. See note marked " t " on p. S-25 of the April 1946 Survey
revisions for all dairy products for 1944 and preliminary revisions for January to June 1945 for condensed, evaporated, and dried skim milk will be published later. Crop estimates
for barley and potatoes have been revised for 1929-41; for 1941 revisions, see February 1943 Survey, p. 25; 1929-40 data are available on request.
S-28
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
September
November 1946
1945
1946
September
October
1946
Novem- December
ber
January
February
March
April
May
June
July
2,024
9,722
7,036
10,636
2, 508
°8,788
1.45
(0
Augus
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS-Continued
Corn:
Exports, including mealc?
thous. of bu_.
Grindings, wet process
„__
do.,...
Prices, wholesale:
No. 3, yellow (Chicago)
-dol. per bu_.
No. 3, white (Chicago)
.
do
Weighted average, 5 markets, all grades
...do
Production (crop estimate)!
thous. of bu_.
Receipts, principal markets
do___.
Stocks, domestic, end of month:
Commercial.--.
do
Onfarmsf
do
Oats:
Exports, including oatmealcf
do
Price, wholesale, No. 3, white (Chicago)_dol. per bu_Production (crop estimate)t----thous. of bu__
Receipts, principal markets
.do.-.Stocks, domestic, end of month:
Commercial.do
On farmsf
--—
do
Rice:
Exportsc?
pockets (100 ib.)__
Importsd"
do
Price, wholesale, head, clean (N. 0.)---dol. per 1b
Production (crop estimate)t..
thous. of bu_.
California:
Receipts, domestic, rough
bags (100 lb,)_.
Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of cleaned),
end of month
.bags (100 lb.).
Southern States (La., Tex., Ark., Tenn.):
Receipts, rough, at mills.--..thous. of bbl. (162 lb.)..
Shipments from mills, milled rice
thous. of pockets (100 1b.)._.
Stocks, domestic, rough and cleaned (in terms of
cleaned), end of mo___..thous. of pockets (100 lb.)_
Rye:
Price, wholesale, No. 2 (Minneapolis)__.dol. per bu_.
Production (crop estimate)!
thous. of bu._
Receipts, principal markets.
do
Stocks, commercial, domestic, end of month
do
Wheat:
Disappearance, domestic!
do
Exports, wheat, including
flourd"1.
....do
Wheat onlycf
_
_
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
dol. per bu.._
No. 2, Red Winter (St. Louis).
,
do . . .
No. 2, Hard Winter(K. C.)
do
Weighted av., 6 mkts., all grades
do
Production (crop est.), totalf
thous. of bu-.
Spring wheat
_.
do
Winter wheat
_
..do
Receipts, principal markets
do
Stocks, end of month:
Canada (Canadian wheat).
do
United States, domestic, totali f
.--.----do....
Commercial
.
do
Country mills and elevators!
_do
Merchant mills._
do
On farms!
..do.
Wheat flour:
Exports cT
,
do
Grindings of wheatj
.
....do
Prices, wholesale:
Standard patents (Minneapolis)!
dol. perbbl.W inter, straights (Kansas City)§
_do
Production (Census) :$
Flour
__..
thous. of bbl-.
Operations, percent of capacity
_
____
Offal
thous. of lb_.
Stocks held by mills, end of month.__-thous. of bbl._
304
7,609
1.89
0)
1.83
> 3,374.428
11, 297
292
6,841
217
9,446
624
11,002
1.17
1.32
1.04
P)
1.18
1.18
0)
P)
1.17
22,119
18, 714
1.12
1.31
.97
23,018,410
31,671
28,931
269
7,791
1.17
0)
.92
417
5, 759
0)
P)
.94
565
11, 385
(l)
P)
152
9,322
0)
1.26
1.11
1.30
1.53
1.40
2.17
2.32
2.03
0)
31,962
33,196
16, 581
16,153
29,383
11,103
23,924
11,127
1,931,180
16, 493
26,886
23, 608
1,071,990
19, 511
29,171
15,904
515,341
11,864
3,021
.80
'5,526
.81
2,010
2,835
1,89
653
P)
P)
P)
337
.82
23,028
1,055
.80
1,547,663
16,158
18,308
21, 762
13,104
16,473
11,045
5,478
48,361
45,043
46, 695
988,435
38, 775
28,921
23,890
401,325
14, 234
6,578
3,153
2 277,973
7,181
449, 436 845,680
0
22,009
.066
.066
856, 526
r 13, 238
.066
* 70,160
941,488
8,807
.066
815,915
7
.066
920,815
7,817
.066
698,915
3,166
.066
339,350
18,580
.066
646,012
3,742
305,369
3,098
.066
89,180 1,028,143 1,023,332
65, 446 341,989 593,683
610,109
468,991
493, 561 412,082
361, 417 357,147
394, 471
224,996
363,534
239,981
372.348
216,602
406, 543
283,065
385,943
239, 753
123, 691
55, 544
358. 408
330, 078 241,973
272, 359
264,032
275,655
262,672
280, 446
2,493
2,557
4,311
4,292
1,137
537
316
267
108
81
25
7
1,085
1,295
' 2,166
2,731
1,960
1,731
1,562
1,121
683
462
253
439
1,987
1,404
3,719
5,482
4,807
3,777
2,598
1,772
1,190
821
591
••171
1.61
1.64
1.84
1.98
2.13
2.36
2.70
2.84
2.85
2. 09
2,358
4,732
1,145
4,209
1,301
4,769
3. 75
»26,354
896
4,544
480
3,868
404
3,340
476
3,113
317
1,016
270
461
72
322
193
262
374.938
26, 450
22,184
32, 585
26,912
32, 699
23,637
341,037
31,871
24, 057
"38," 196"
27, 733
31,764
18,476
353,147
29, 551
21,485
23,154
12,808
16,268
6,526
235, 574
33, 283
23,869
25, 754
17,322
1.69
1.71
1.62
1.65
1.73
1.78
1.68
1.70
1.79
1.90
1.94
1.86
1.90
2 22
2.11
1.98
2.03
62,138
54,857
41,005
76, 432
46, 791
'8101,191
"30~126 s 29,917
'3 8,382
3 12,838
3 42,703
90, 253
4,944
158, 3C8
4,674
'303,138
4,723
690
.63
469
32, 784
20, 319
43, 555
1,171,622 1,290,931
.81
1,527,116
25, 257
234,917
24
.066
7,780
1,719
.77
6 69,91256,399
52, 842
2.24
» 21, 410
1,123
1,126
314,092
2.10
2.08
1.96
2.05
1,169,422
289,528
879, 894
56,113
109, 723
956, 521
103, 595
176, 568
114,478
559.686
363, 538 428,849
1.73
1.73
P)
P)
1.69
1.71
1,123,143
299,966
823,177
29,185
42,048
1.69
1.70
181,292 202,718
.030,363
170, 305 147,301
181.390
128, 261
528,218
175,257
152,823
689,844
121," 712 102.130
108, 839
95, 276
268,820
1.74
P)
1.75
P)
1.77
P)
1.77
P)
1.81
(0
0)
1.69
1.72
1.69
1.72
26,938
21,457
31,111
16, 472
40,268
141, 796 122,374
102,441
336,738
34,317
35, 570
55,899
203,991
81,080
63, 529
~I7,~849~
72,262*'
1.72
1.75
1.72
1.76
0)
5,915
25, 315
39,487
54,210
51,885
1,207
57, 752
1,928
52,403
1,663
62, 974
2,226
59, 591
2.827
59, 361
1,716
44,975
2,201
42, 745
2,073
36,220
2,003
37, 556
1,794
47, 500
9.25
9.19
6.55
6.31
6.55
6.42
6.55
6.55
6.44
6.55
6.46
6.55
6.46
6.55
6.49
6.55
6.49
6.55
6.49
6.55
6.49
9.53
9.58
12,078
84.5
902, POO
2,205
11,333
80.0
906,106
2,634
13,016
10,680
91.3
69.4
,032,900 622,980
2,385
10,142
65.8
584,280
8,617
8,943
55.8
60.2
492, 800 505, 660
11,259
72.8
641, 300
12, 656 11,473
77.8
79.5
,003,713 914,928
13,064
11, 598
78.5
85.3
925,109 1,038,080
3,399
LIVESTOCK
Livestock slaughter (Federally inspected):
783
364
Calves..
-thous. of animals. 666
548
402
877
440
427
542
484
445
294
1,408
360
1,358
Cattle
do
1,118
1,584
1,012
1.015
676
904
715
451
1,239
1,922
4, 350
Hogs.__
do
5,537
438
2,330
4,698
4,149
4,911
3,636
3,858
2,316
3,863
Sheep and l a m b s . . - . .
do..—
1,772
1,658
1,806
1, 300
2.018
2,196
1,374
1,978
1, 440
1,736
1,678
1, 738
Cattle and calves:
Receipts, principal markets
._.-_.».___do
2,791
3,024
2,073
1,961
1, 923
3,816
2,145
1,783
1,960
1,920
1,725
3,121
Shipments, feeder, to 8 corn belt States!
....do
339
97
106
109
141
91
97
388
404
187
176
Prices, wholesale:
Beef steers (Chicago)
dol. per 1001b._
18.62
16.91
16.86
16. 59
16. 49
17.89
16.14
16.56
16.77
17.30
21. 36
16.26
Steers5 stocker and feeder (K. O.).
_do
12.25
13.19
13.41
13. 56
15. 99
12.62
14.71
15. 82
15.72
15. 53
15.22
15.86
Calves, vealers (Chicago)
—___.do
14.44
14.63
14.63
14.69
15.63
16.15
14.81
14.48
15.88
17.10
15.66
15.75
a
h
* Revised.
For8domestic consumption only; excludes grindings for export.
October 1 estimate.
1
No quotation.
Dee. 1 estimate.
* Includes old crop only; new corn not reported in stock figures until crop year begins in October and new oats and wheat until crop year begins in July.
c?Data continue series published in the 1942 Supplement which were suspended during the war period; data for October 1941-February 1945 will be published later.
t Data relate to regular flour only; in addition data for granular flour were reported for January 1943 to February 1946 and are given in notes in the May 1946 and previous issues
of the Survey: data were not collected after February 1946
§ Prices since May 1943 have been quoted for sacks of 100 pounds and have been converted to price per barrel to have figures comparable with earlier data. For March-August
1946 qutotations are for flour of 80 percent extraction; beginning September 1946, quotations were resumed for flour of normal extraction (72 percent).
5 The total includes wheat owned by the Commodity Credit Corporation stored off farms in its own steel and wooden bins not included in the breakdown of stocks.
August 1943 Survey to include data for Illinois; see p. S-26 of that issue for revised data for 1941-42.
SURVEY OF CURRENT BUSINESS
November 1946
1946
Unle«s otherwise stated, statistics through 1941
and descriptive notes may be found in the Septem- Septem1942 Supplement to the Survey
ber
ber
S-29
1945
October
1946
Novem- December
ber
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK—Continued
Receipts, principal markets
thous. of animals.
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 l b .
Hop-corn ratiof__bu. of corn per 100 lb. of live hogs
Sheep and lambs:
Receipts, principal markets
thous. of animals.
Shipments, feeder, to 8 corn belt States!
do.
Price, wholesale:
Lambs, average (Chicago)
.dol. per 100 l b .
Lambs, feeder, good and choice (Omaha)._^_.do
293
1,191
16.25
9.1
14.54
12.6
14.75
12.5
14.67
12.8
2,542
865
2,811
932
3,640
1,072
19.00
17.26
13.26
14.51
351
265
23
18
3,344
2,952
2,211
2,472
2.431
1,352
3,070
1,832
14.66
13.0
14.72
12.8
14.77
12.8
14.80
12.5
14.81
12.2
14.81
10.6
14.77
10.1
17.94
8.6
20.84
11.6
2,270
315
2,100
129
102
2,481
154
1,753
90
1,984
67
1,610
56
2,517
76
14.02
14.66
14.00
14.76
13.89
14.33
14.30
14.46
14.70
15.50
15.23
15.38
15.51
15.30
16.00
16.75
1,356
40
1,252
559
24
47
1,509
19
1,442
491
27
44
1,498
125
1,688
556
31
37
1,426
202
1,739
687
41
39
1,368
325
1,581
772
47
38
1,478
173
1, 595
791
49
44
191
1,296
750
49
46
810,409
1,561
901,389
1,903
746,489
15, 221
521,900
69,602
466,896
90, 526
543,843
50,214
.235
210,423
81,991
.200
754,398
208,926
.200
869, 459
187,807
.200
.200
750, 723 599,635
177,033 186,365
.200
557, 516
187,392
54, 268
8,770
71,896
71,179
9,177
82.413
8a 423
13, 066
74,060
80,491
17,406
473,889
426,044
525, 288
485,849
676,895 829,991
859,844 1,058,969
2,935
2,176
338
20.38
C)
()
20.50
16.53
MEATS
Total meats (including lard):
Consumption, apparent.
_
mil. of l b .
Exports§
-do.._
Production (inspected slaughter).._
_
do...
Stocks, cold storage, end of month©d"
do...
Edible offaie
do._.
Miscellaneous meats and meat products© d o . . .
Beef and veal:
Consumption, apparent_
thous. of lb..
Exportsf
do
Price, wholesale, beef, fresh, native steers (Chicago)
dol. per lb_.
Production (inspected slaughter)
__thous. of lb_.
Stocks, cold storage, end of month© (?•__
do
Lamb and mutton:
Consumption, apparent
_do
Production (inspected slaughter).....
..do
Stocks, cold storage, end of month® d*
do. .
Perk (including lard):
Consumption, apparent
do
Production (inspected slaughter)
„
do
Pork:
Ex-ports§
„.
_do
Prico,?, wholesale:
Hams, smoked (Chicago)
.dol. perlb_.
Fresh loins, 8-10 lb. average (New York)
do
Production (inspected slaughter)
thous. of l b . .
Stocks, cold storage, end of month©d 1
do
Lard:
Consumption, apparent
do___.
Exports §
..do
Price, wholesale, refined (Chicago)
..dol. perlb_.
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of monthd*__
do____
()
85,991
.265
.333
71,181
101, 810
.190
10,665
P O U L T R Y AND E G G S
Poultry:
Price, wholesale, live fowls (Chicago)____dol. per lb_
.307
Receipts, 5 markets
.'
thous. of l b . 61,131
Stocks, cold storage, end of monthef1
-do_._ 190,404
Egps:
Dried, production*.
do
4,347
Price, wholesale, fresh firsts (Chicagc)t-dol. per doz.
.400
Production
.millions3,264
Stocks, cold storage, end of month:c?
Shell
.
thous, of cases.
5,860
Frozen
thous. of lb-. 208,252
1,312
1,585
.258
.259
332,064
211,004
.258
.259
390, 754
168,028
45,612
32,647
.146
68, 268
58,998
66,397
10,662
.146
68,975
50,914
.239
56,772
157, 077
74, 598
76,951
15,394
()
()
1,226
691
44
44
200
1,224
619
38
36
94,545
30,945
.77
.200
569, 746
164,871
.202
526,166
162,098
.203
431,517
140,157
.203
409,953
105,905
62,124
66,010
19,189
102,496
100, 934
16, 533
()
89,629
15, 513
(»)
57,167
10,863
839, 051
957,453
831, 492
924,170
()
()
75,865
12,171
()
()
718,345
)
189
797
496
31
()
()
220
1,581
484
38
28
()
118
1,286
••389
M0
'27
()
29,912
20,926
.319
.203
275, 752 674,964
68,444
67,850
.382
664,848
101,825
39, 738
()
()
65,149
10, 378
68, 444
9,108
(h)
()
456, 591 837, 553
757,222
()
65,053
13,135
()
555, 686
12, 721
16, 559
.258
.258
.259
.259
679, 582 810,106
235,894 320, 571
.258
.259
747, 282
396,740
. 259
708. 566
426, 545
95, 465
27,350
.146
131,250
59,349
134,462
22,862
.146
180,801
82,826
127,002
25,063
.146
152, 728
83,489
102,417
47,975
.146
157,087
90,184
49,412
42,219
.410
.265
.419
.265
.266
.503
.266 360, 342 667,522
.514
606, 017 322, 433 297, 355 425, 735
382, 742
168,861
(6)
()
()
()
()
(6)
42,323
52, 555
55, 435 64,861
57, 689
27, 665
a
.148
.147
.148
()
.148
.350
106, 538 105,369 109, 563 69,837 123, 348 94, 780
80,438
45, 539
71,153
43, 349
34,910
37,969
.228
91,061
238, 936
.232
99, 208
320, 745
.243
89,018
355,914
.255
47,157
363,954
.253
31,034
356, 730
.272
.274
.268
31, 348 37, 278 34, 765
320,027 256,822 209, 944
.269
32, 865
173, 905
2,674
.346
3,397
544
.401
3,118
159
437
2,936
183
.429
3,400
264
356
4,214
7,449
.331
4,954
20,924
.333
6,721
17, 556
.336
6,216
15, 761
.332
5,012
12, 756
.340
4,221
3,724
203, 209
1,666
182,322
314
155,934
113
129,424
272
111, 721
1,578
117,903
6,245
3,771
149, 710 200,176
8,683
245,287
9,871
265,050
9,537
260,101
11,190
8,222
20, 718
27,321
46, 919
47,991
.264
.266
.264
533,909 573,027
396, 753 379,373
18, 335
.332
.265
43,162
38,138
178, 784 207,137
9,757
.346
3,636
r
7,960
236,256
M I S C E L L A N E O U S FOOD P R O D U C T S
Candy, sales by manufacturers. _
thous. of dol.. 39, 505 35,369
43, 504
40,459
36,818
38,469
42,709
38,865
39,254
34, 622
30,467
34,056
24, 678
22,873
Cocoa, imports!
-long tons..
14,133
42,688
22,699
14, 249
16,898
30,162
37, 361
29,397
19,433
14,409
14, 048
Coffee:
1,644
Clearances from Brazil, total
thous. of bags
1,618
1,181
1,286
1,577
814
1,030
1,145
1,829
1,312
1, 635
1,573
1,380
To United States.
_.
—.do.
567
1,233
1,189
715
973
718
748
1,510
837
970
1,163
484
Imports!
.do
1,868
1,353
1,824
998
1,803
2,093
1,478
1,844
1,786
2,298
1,480
1,947
134
Price, wholesale, Santos, No. 4 (N. Y.)—dol. p e r l b . .
.134
.134
.134
.134
.134
.134
.221
.134
.134
.221
.134
.206
1,964
2,352
Visible supply, United States..
thous. of bags
2,251
2,143
2,142
2,396
2,558
2,276
2,044
2,105
2,122
2,182
2,319
Fish:
38,493
Landings, fresh fish, 4 ports
thous. of l b . .
33, 247
43,356
21,640
10,821
12, 455
25,245
24,151
47,005
66, 854 46, 776
68,023
Stocks, cold storage, end of month
_do_
90, 051
147,085 127,055 138,434 148, 286 140, 208 115,398
84, 725 97, 806 126, 837 152,403
84, 265 75,318
Sugar:
Cuban stocks, raw, end of month J
795
thous. of Span. tons..
296
388
205
1,111
1,310
2,702
2,036
2,902
2,059
1,700
2,551
United States, deliveries and supply (raw value):*
Deliveries, total
short tons.. 524, 734 490, 795 471, 266 420, 708 354, 447 516, 244 285, 341 476, 316 556, 466 524, 662 598, 604 590, 347 608,883
For domestic consumption
.
do
513, 527 474, 769 468,755 411,491 347,402 514, 724 276,715 425, 742 500, 608 541,994 526, 605 557, 235 561, 695
For export
do
16,026
2,511
9,217
7,045
1,520
8, 626
50,574
55,858
11,207
72,668
71, 999
33,112 r 47,188
Production, domestic, and receipts:
Entries from off-shore areas
...do
297,275 412,128 270,089 210,392 196,476 182,937
263,345 465,834 433,190 501,777 478, 311 460,172 402,299
Production, domestic cane and beet
_._do
56,654 420,480 644,161 414, 465
98,526
24, 771
19, 305 18, 254
"i, 345
49,780
13,173
9,613
Stocks, raw and refined
do
513, 294 728,489 ,167,026 ,418,532 ,794,764 1,174,614 ',184,341
,065,183 955,031 824, 641 671,491
r
Revised. 1 For data for December 1941-July 1942, see note in November 1943 Survey.
h
t Compiled by the U. S. Department of Labor; see note in April 1944 Survey.
No quotation.
Temporarily discontinued; data under revision.
cf Cold storage stocks of dairy products, meats, poultry and eggs include stocks owned by U. S. Department of Agriculture and other Government agencies, stocks held for the
Armed Forces stored in warehouse space not owned or operated by them, and commercial stocks; stocks held in space owned or leased by the Armed Forces are not included.
§ Data continue series published in the 1942 Supplement but suspended during thf war period, data for October 1941-February 1945 will be published later.
© Data for edible offal are comparable with figures beginning June 1944 shown'as '•miscellaneous meats" through the April 1946 Survey (see note in that issue). "Miscellaneous
meats and moat products" shown above include sausage and sausage room products and canned meats and meat products which were not reported prior to June 1944. Stocks shown
under beef and veal are combined figures for beef and veal; the latter also has been reported only beginning June 1944. Data for June 1944 to February 1946 for veal and for the items
now shown as miscellaneous meats and meat products are given in notes in the August 1944 to April 1946 issues of the Survey. Stocks for the several meats include trimmings which
were included as "miscellaneous meats" prior to June 1944.
* New series. Data for 1927-43 for dried eggs are shown on p. 20 of the March 1945 Survey. The new sugar series include raw and refined in terms of raw (see also note in the
April 1945 Survey).
t Revised series. The hog-corn ratio has been shown on a revised basis beginning in the March 1943 Survey; revisions beginning 1913 will be shown later The sorios for feeder
shipments of sheep and lambs has been revised beginning 1941 to include data for Illinois; revisions are shown on p. S-27 of the August 1943 Survey.
SURVEY OF CURRENT BUSINESS
S-30
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
September
November 1946
1945
September
October
1946
Novem- December
ber
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODIJCTS—Con.
Sugar, United States—Continued.
Exports, refined sugar §
short tons.,
Imports: §
Raw sugar, total
do
From Cuba
do
Refined sugar, total..
_„
do—.
From Cuba
do
Receipts from Hawaii and Puerto Rico:
Raw
;...
do
Refined
do
Price, refined, granulated, New York:
Retail
.dol. per l b . .
Wholesale
do
Tea, imports §
..thous. of lb.
1.076
.067
TOBACCO
Leaf:
Exports, inci. scrap and stems $
thous. of lb
Imports, incl. scrap and stems §
do
Production (crop estimate)
3 2,248
mil oflb
Stocks, dealers and manufacturers, total
end of quarter
mil. oflb..
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Manufactured products:
Consumption (tax-paid withdrawals): t
Small cigarettes
26,865
millions
Large cigars
thousands
457, 703
Manufactured tobacco and snuff
thous. of lb__ 21, 671
Exports, cigarettes $
thousands
Price, wholesale (list price, composite):
Cigarettes, f. o. b., destination
dol. per 1,000.
6.255
Production, manufactured tobacco, total..thous. of l b . .
Fine-cut chewing
dn
Plug
.. .
do
Scrap, chewing
do
Smoking
do
Snuff_
do
Twist_
9,690
5,406
3,484
18,972
4,304
7,003
33,945
58, 321
59, 716
61,897
47,191
33,844
266,947
256, 230
5,093
5,093
98,396
77, 882
34,920
28, 372
76,871
76, 871
10, 979
10, 856
68, 374
68,374
4,387
4,243
172.125
172,125
10. 324
10, 324
191, 214
191, 214
195
0
310, 519
310, 519
33,816
33,656
155,409
155,408
38,785
38,735
240,190
230,471
38,061
38,061
189, 418
179. 666
15,001
15,001
267, 460
267, 460
47, 349
47,349
157,171
145, 072
49, 932
49,932
166, 705
8,198
144, 804
265
115, 226
0
91, 076
0
20, 687
0
38, 774
0
112,933
10,417
197,733 '179,667
23,657 ' 17, 685
160,827
30,150
179,922
4,750
209,662
1,709
.064
.054
8,987
.064
.054
9,015
.064
.054
9,881
.064
.054
?„ 686
i.067
.054
14,975
1.068
.056
12, 569
1.073
.059
6,139
1.074
.059
6,580
1.073
.059
3,077
1.074
.059
1,540
1.074
.060
1,336
1.075
.060
6,350
33, 832
4,996
39, 788
6,112
26,504
4,892
27, 226
3,119
*1, 998
47, 335
22, 371
43,902
4,043
52,230
5,129
60,401
4,727
62,293
5,633
60,740
4,861
36,970
5,381
39, 595
5,613
2,928
3,275
3,342
2,850
338
192
2,294
2
324
175
2, 668
377
223
2,626
2
364
196
2,167
3
27
75
31
28
85
26
94
26,360
420,623
27, 553
582, 295
6.006
27,730
338
5,198
3, 516
14,670
3,462
547
3
75
25, 452
31,340
25,406
16,061
25,226
23,637
29, 972
25, 440
28,953
26, 401
26, 360
512,727 468,404 364, 671 468, 592 455,024 480,479 484,318 497, 297 452,180 439, 396 500, 572
15,453
20,023
21,084
31,150
27,090
20,806
17, 776
21, 223
20, 949
22, 733
18, 519
879,853 1,106,903 1,002,748 2,660,699 1,048,525 1,448,618 1,996,922 4,443,744 2,427,461 1,831,885 1,966,654
6.006
31,096
374
5,607
3,625
16, 849
4,009
634
6.006
26,608
392
4,703
2,957
14,616
3,427
513
6.006
16,655
279
3,066
3,069
6,954
2,953
335
6.006
20, 521
331
4,106
3,976
7,979
3,706
423
6.006
18,065
262
4,317
3.948
5,944
3,128
466
6.006
19,067
282
4,373
4,099
6,386
3,419
508
6.056
19, 750
290
4,172
3,647
7,808
3,333
498
6.255
21, 472
334
4,481
2,738
10,051
3,339
529
6. 255
21,092
302
4,280
3,635
9, 395
3,022
458
6.255
21, 078
326
4,657
3,968
8,909
2,721
497
10,870
(•)
20
2,297
1,968
.155
218
15,331
3
68
2,332
2,818
17,340
0
50
1,571
4,684
15, 785
1
80
1,168
3,609
1M87
19,006
35
83
2,496
4,868
.155
.218
.155
.218
.155
.218
.155
.218
6.253
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock slaughter (see p. S-28).
Imports, total hides and skins §..
..thous. oflb._
Calf and kip skins
thous. of pieces..
Cattle hides.
do
Goatskins
.
do
Sheep and lamb skins
_do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per^lb..
Calfskins, packers', 8 to 15 lb_.
do
LEATHER
.155
.218
14, 516
15
12
1,973
3,333
14,073
24
21
1,574
3,349
15, 736
49
49
2,201
2,774
11, 301
164
29
1,656
1,912
16,084
39
52
3,137
2,883
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
41
1,271
3,090
.239
.268
Exports:§
Sole leather:
154
3,062
3
157
79
1,818
3,113
2,335
655
721
307
Bends, backs and sides
thoua. of lb
91
163
275
1,322
92
296
593
186
1,194
488
573
Offal, including belting offal..
do....
2,741
1,324
4,072
2,864
6,705
2, 853
4,430
2,282
3,280
3,206
3,324
Upper teather
do
Production:
937
946
1,031
942
1,070
801
831
907
1,032
755
Calf and kip
...thous. of skins.
2,237
1,985
2,337
2,320
2,502
2,089
2,544
2,479
' 2,331
2,058
2,500
Cattle hide
thous. of hides..
1,676
1,742
1,659
1,780
1,997
2,027
2,143
1,537
1,773
1,656
2,190
Goat and kid
thous. of skins_.
4,132
4,784
3,949
4,639
4,418
3,944
3,529
4,288
3,584
4,256
Sheep and lamb
do
3,646
Prices, wholesale:
.440
.462
.675
.440
.440
.440
.440
.440
.440
.440
Sole, oak, bends (Boston)f
dol. per lb.
470
.440
.529
.529
.529
.529
.533
'.529
.533
.536
.570
Chrome, calf, B grade, black, composite-.dol. per sq. ft..
.533
.565
Stocks of cattle hides and leather, end of month :J
r
r
9, 454
f 9, 605
10, 063
' 9, 886 10,059 " 9, 721 r 9, 539 r 9, 217 ' 8. 503 ' 8, 419
Total
thous. of equiv. hides
9,171
7,546
r
'5.911
r 6,192
'• 6, 081 ' 6, 0c2 ' 6, 054 r (\, 098
' 5, 763
5, 875
6,000
' 5, 971 ' 5, 541
Leather, in process and
finished-..
..do
5, 703
r
3,
694
r 3, 408
r 3, 871
' 3, 728 ' 4, 007 ' 3, 737 r 3, 441 r 3. 204 ' 2, 532 ' 2. 878
Hides, raw
do
* 3, 582
1,843
LEATHER MANUFACTURES
2,476
2,266
1,893
Gloves and mittens, production, total*.thous. doz. pairs.
2,071
2,024
2,228
2,274
2,218
2,418
2,432
2,128
2,331
650
734
632
765
652
Dress and semi-dress, total
do....
775
656
688
743
794
774
798
152
166
Leather
.do....
171
144
173
154
141
151
154
185
169
185
29
20
Leather and fabric combination
.do
33
26
20
18
28
18
19
23
23
24
469
Fabric
do
571
493
568
586
581
590
537
468
488
513
570
Work, total
do_...
1,372
1,620
1, 422
1,530
1,385
1,701
1,531
1,261
1, 572
1, 509
1,557
1,638
Leather
do
116
167
175
169
119
156
198
182
175
155
177
176
159
212
208
175
192
214
Leather and fabric combination
do _
225
242
212
186
231
220
1,241
1,097
Fabric
.
do
1,091
1,039
1,160
1,261
1,141 i 1,237
1,144
921
1,164
1,161
r
Revised, i Data reflect a change in the sample a of reporting stores and in the met hod of summarizing reports; January 1946 figure comparable with earlier data is $0,034.
2 Final estimate.
3 October i estimate.
Less than 500 pieces.
5Tax-paid withdrawals include requirements for consumption in the United States for both civilians and military services; withdrawals for export and for consumption outside
the United States are tax-free.
§Data continue series published in the 1942 Supplement but suspended during the war period (it should be noted that data for sugar are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
t Data reported currently cover stocks in tanners' hands only; all data shown above have therefore been revised to cover only tanners' stocks; the figures for total stocks for January, March, and Mav include small revisions that are not available for the break-down between leather and raw hides.
t Revised series. The price for? ole oak leather is shown on a revised basis beginning in the October 1942 Survey; revisions beginning July 1933 are available on request.
•New series. Data on gloves and mittens are from the Bureau of the Census and cover all known manufacturers; data for January 1943-March 1945 for leather and combination
leather and fabric, and for May 1944-March 1945 for fabric gloves and mittens will be published later. The series for leather gloves are not comparable with similar data shown in
he 1942 Supplement which cover only around 85 percent of the total.
SUEVEY OF CUKEENT BUSINESS
November 1946
1945
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
September
S-31
September
October
1946
Novem- December
ber
January
February
March
ApriJ
May
June
July
August
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES—Continued
Boots and shoes:
Exports §
...thous. of pairs..
Production, total Xdo
Government shoes
...do
Civilian shoes, total
do
Athletic.
do
Dress and work shoes, incl. sandals and playsboes:
Leather uppers, total
thous. of pairs..
Boys' and youths'
do
Infants'
do
Misses' and children's.._
do
Men's
_
do
Women's.
_
do
Part leather and nonleather uppers
_.do
Slippers and moccasins for housewear
do
All other footwear..
do
273
37,257
1,423
85,843
355
527
42,237
1,047
41,190
466
995
40,049
805
39,243
452
4,192
1,326
34,649 i 41,246
632
471
34,017 40,479
410
537
744
43,701
464
43,237
635
1,095
47,955
427
47,528
676
981
49,437
273
49,164
666
1,663
49,469
227
49,242
1,701
44,957
315
44,642
627
776
36,887
139
36, 748
534
21,429
1,206
2,234
3,274
6,767
8,948
7,745
6,130
176
28,891
1,579
2,733
3,909
7,709
12,961
3,613
8,056
165
28,593
1,593
2,735
3,760
7,547
12,958
2,608
7,433
157
26,371
1,421
2,346
3,352
6,945
12,308
2,632
4,497
106
31,012
1,492
2,855
3,913
7,815
14,937
4,007
4,782
140
33,091
1,777
3,068
4,421
8,508
15,317
4,622
4,757
133
35,483
1,807
3,248
4,904
8,954
16,571
5,671
5,487
211
1,872
3,363
5,066
9,383
16,985
5,876
5,731
222
1,879
3,238
5,060
9,592
16,920
5,646
5,879
32,815
1,752
2,900
4,379
8,703
15,021
5,304
6,708
188
26, 518
1,501
2,456
3,362
7,672
11, 527
4, 575
4,971
150
1,159
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total saw mill products §
M bd. ft...
Sawed timber §_
do...
Boards, planks, scantlings, etc.§_
...do...
Imports, total sawmill products §
do...
National Lumber Manufacturers Association:!
Production, total
...mil. bd. ft.
Hardwoods
do...
Softwoods
_
do...
Shipments, total
do...
Hardwoods
do__.
Softwoods
_
do...
Stocks, gross, end of month, total
do...
Hardwoods
do...
Softwoods
_
_
do...
43, 784
13,876
27,825
109, 744 123,411
41,446
7,507
31,095
91,293
43,590
2,772
38,922
109,730
39,429
2,874
33,803
98,964
49,257
3,312
44,012
95,432
64,795
6,405
56,089
80,528
52, 574
11, 708
39,194
79,434
71,094
21,006
48,091
95,354
63, 060
21,278
39,878
97,136
53, 584
21,099
30,867
90,263
56,852
9,669
45,570
76,930
2,709
821
1,889
2,471
642
1,829
4,148
1,211
2,936
2,191
612
1,679
2,148
516
1,632
3,741
958
2,783
2,089
673
1,416
1,991
595
1,396
3,792
1,018
2,774
1,891
615
1,276
1,819
581
1,238
3,845
1,040
2,805
1,638
443
1,195
1,688
472
1,216
3,816
1,022
2,794
1,840
516
1,324
2,081
604
1,477
3,555
906
2,649
1,887
498
1, 389
1,911
479
1,432
3,482
877
2,605
2,279
2,538
681
1,857
2,517
674
1,843
3,421
873
2,548
2,668
699
1,969
2,621
691
1,930
3,481
875
2,606
2,689
659
2,030
2,542
622
1,919
3,614
904
2,711
2,656
731
1,925
2,505
632
1,873
3,735
974
2,761
2 2,880
793
2
2,087
^2,616
660
s 1,956
2 3,862
1,071
a 2,791
2,550
5,425
2,925
3,375
2,425
2,900
6,500
2,875
2,950
2,375
3,600
7,150
3,325
2,975
2,600
2,275
7,300
2,525
1,950
3,125
1,150
7,050
2,425
1,200
4,350
2,875
6,700
3,050
3,075
4,250
2,625
6, 725
2,850
2,675
4,300
3,025
6,875
3,100
2,725
4,650
4,325
6,550
3,100
4,350
3,200
3,700
6,175
2,950
3,875
2,475
2,750
6,250
2,550
2,700
2,425
2,300
5,750
2, 375
2,375
2,375
3,560
6,150
3,100
3,125
2,475
22,851
14,608
33,992
15,049
15,130
2,804
23,506
38, 797
19,197
18, 494
3,507
18,343
39,097
18,970
17,364
5,113
12,201
37,962
16,004
13,336
7,781
15,632
42,120
18,523
11,474
14,830
17,329
37, 694
17, 453
22,892
9,391
15,971
35,529
18, G58
18,136
9,661
16,817
34,280
18, 757
20,996
7,425
19,434
33, 371
20,119
20,982
7,270
15,426
31,158
17,239
17,639
5,162
20,247
31, 657
20,838
19, 747
6,081
18,931
30, 055
22,860
24, 734
4,209
mo
1,639
2,307
582
1,725
3,397
886
2,511
FLOORING
Maple, beech, and birch:
Orders, new..
Orders, unfilled, end of month
Production.
Shipments
Stocks, end of month
..
Oak:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
_M bd. ft..
do.
...do.
do.
. .
do
do
do
do.
do.
do.
27, 527
27, 331
SOFTWOODS
Douglas fir:
18,807 21,545 11,313 26,038 41,528 31,375 42,207 39, 682 29,889 30,020 22, 271
Exports, total sawmill products §
M bd. ft_.
9,256
6,032
5,829
16,733 15, 231
1,254
554
8,242 13,225
1,127
3,820
Sawed timber §___
do.
13,015
12, 978 20,291
10, 759 24,911 37, 708 23,133 28,982 22, 949 14, 658 23,988
Boards, planks, scantlings, etc.§
do.
Prices, wholesale:
Dimension, No. 1, common, 2 x 4—16
42, 630 34.790 34.790 34.790 34.790 34.790 34. 790 37.362 38.220 38.220 41.528 42, 630 42, 630
44.100 44.100 44.100 44.100
dol. per M bd. ft.. 59, 780
44.100 44.100 51.450 53.900 53.900 58.310 59, 780 59, 780
Flooring, B and better, F. G., 1 x 4, R. L
do
9, 565
7,684
7,202
6,355
9,076
9,093 13,816 11,973 11,178 10,861
5,798
Southern pine:
2,703
4,534
2,035
5,743
1,241
1,391
1,853
1,904
2,268
3,228
3,506
Exports, total sawmill products §
M bd. ft
6,862
6,644
8,826
6,293
5,114
5,349
8.073
3,894
5,865
8,467
6,808
Sawed timber §..
._
do.
602
623
672
565
577
607
550
664
616
472
555
655
626
Boards, planks, scantlings, etc §.
dol
633
679
746
676
701
651
653
650
738
646
698
731
696
Orders, new !
mil. bd. ft.
Orders, unfilled, end of month !
_
do
Prices, wholesale, composite:
46. 083 42. 018 42.018 42.018 42.782 42. 837 43.465 46.029 46.029 46.029 46.029 46. 083 46. 083
Boards, No. 2 common, l" x 6" or 8" x 12'!
dol. per M bd.ft.. 65,091 56. 371 56. 494 56. 494 59.811 60.056 61.131
65. 091
65,091
65.091 65.091 65.091 65.091
Flooring, B and better, F. G., 1" x 4" x 12—14' t
651
646
629
635
631
555
629
600
554
590
472
512
673
648
dol. per M bd. ft..
645
657
610
596
624
653
598
476
553
662
630
576
1,082
1,085
1,060
1,081
1,087
1,077
1,133
1,071
1,082
1,086
1,129
1,065
1,066
Production!
_
___
mil. bd. ft.
Shipments!
...do
617
568
543
422
480
515
589
276
307
293
299
240
445
Stocks, end of month!
"
do.II.
258
276
280
283
360
305
302
417
299
293
298
Western pine:
298
294
Orders, new!__.
_
do
40.19
40.93
36.46
35.99
35.77
40.65
40.07
40.35
35.30
35.78
36.16
39.15
36.07
Orders, unfilled, end of month!
do.I..
720
656
279
206
296
651
618
418
341
234
206
457
584
Price, wholesale, Ponderosa, boards, No. 3 common,
634
590
310
290
373
581
564
412
332
297
248
461
529
1" x 8"
dol. per M bd. ft_.
987
901
949
824
684
835
971
980
761
908
710
1,041
765
Production!
_
mil. bd. ft—
Shipments!
do.
552
476
426
414
527
445
288
455
518
261
377
423
543
Stocks, end of month!.
IHIIdoI
554
559
545
672
694
703
636
601
538
723
738
683
632
West coast woods:
541
517
403
406
261
450
527
233
532
469
368
532
449
Orders new!
do.
503
511
415
413
253
460
526
217
556
448
357
532
441
Orders, unfilled, end of month
...do..
403
379
379
378
370
392
368
385
400
375
362
420
Production!
do.
398
Shipments!
do..
r
1
2
Revised.
Excludes data for Redwood region; estimates for this region are included in the September 1948 figures.
Stocks,
end of month Includes revisions not available
dol' for the detail.
3 Not available.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
JSee note for boots and shoes at the bottom of p. S-23 of the July 1945 Survey regarding changes in several classifications and note marked "J" on p. 28 of that issue regarding
other revisions; data beginning January 1945, except the detail for January 1946, have been revised to include late reports; 1945 revisions not shown above and also revisions for January-May 1943 and 1945 and January-April 1944, which have not been published and will be shown later.
! Revised series. The following lumber series have been recently revised to adjust the monthly figures to 1944 totals for production compiled by the Bureau of the Census
Data beginning January 1944 for production, shipments, and stocks for total lumber, total hardwoods, and total softwoods and production, shipments, and new orders for
series; the specifications given above apply to data collected beginning February 1945; earlier data were computed by linking slightly different series to the current data.
SURVEY OF CURRENT BUSINESS
S-32
1946
Unless otherwise stated, statistics through 1941
and descriptWe notes may be found in the Septem- Septem1942 Supplement to the Survey
ber
November 1946
1946
1945
October
Novem- December
ber
February
January
March
April
May
June
3,930
98,911
2,
4,160
97,769
3,912
4,275
73,520
3.701
99,706
4,033
3,765
73,735
120,152 128.489
120,176 129,926
29, 753 28,016
121,412
125,068
24, 391
99, 747 126,974
92, 288 124,891
34,189 ' 33, 842
68
July
August
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
Redwood, California: X
Orders, n e w . . .
_
Orders, unfilled, end of month
Production...
Shipments
Stocks, end of month-..
-M bd. ft.
do...
-do...
-do...
-do...
30,599
80, 235
32, 773
29,581
56, 569
30,892
81,407
34,012
32,508
55, 459
31,709
85,572
33,442
28,019
60,335
20, 572
81,947
26,724
21, 495
76,006
20,248
91.979
9,858
11, 207
75,231
8,179
4,370
98, 314 100,288
1,286
795
2,267
1,854
74,165
91, 547
27,684
67,014
66,342
28, 529
58, 237
57.862
28,586
75,100
75,904 104,144
26, 739 29,105
97,828 109,005
98, 619 105,999
28,096 30,988
52
55
56
59
64
63
63
62
115
70
37
9
52
128
71
38
1
53
146
70
41
2
40
147
69
37
327, 590 349, 317 476, 221 488,300
9,322 10, 662 16, 752 IS,160
85, 795 212,138 157, 753 111, 694
3,459
3,032
9,584
4,389
394,382
18, 568
64, 737
3,409
73,543
SOFTWOOD PLYWOOD
Softwood plywood:*
Production
thous. of sq. ft., H" equivalent.
Shipments
do...
Stocks, end of month
...do
129,053
128,086
35,412
FURNITURE
All districts, plant operations
percent of normal..
Grand Rapids district:
Orders:
Canceled
.percent of new orders..
New
no. of days' production,.
Unfilled, end of month.._....„
do . . .
Plant operations
percent of normal..
Shipments
...no, of days' production..
56
1
36
108
69
31
2
35
137
70
40
1
53
137
62
33
3
47
141
71
39
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:!
Iron and steel products:
Exports (domestic), total
Scrap
_
Imports, total
Scrap
1
short tons,.
do
do
do
327,805
5,480
123,435
8,065
Consumption, total*
.
thous. of short tons..
Home scrap*
.do.....
Purchased scrap*-do
Stocks, consumers', end of month, total*
....do
Home scrap*
do
Purchased scrap*
.
do
487, 240 451,046
8,568
6,397
104,116
4.770
92, 638
1,607
4,331
2,283
2,048
3,950
1,204
2,746
4,378
2,346
2,032
3,943
1,239
2,704
4,129
2, 233
1,896
3,742
1,215
2,527
4,491
9,827
45,090
40, 537
4, 553
199
51
5,612
4,145
44.706
39, 891
4,815
116
46
6,099
71
39,059
34,660
4,399
109
51
557,360
4,768
78,584
1,208
395, 923 513, 595
11, 620 10, 893
131,022 119, 664
103
763
Iron and Steel Scrap
(•)
(•)
(•)
i 4, 538
i 2,326
i 2,212
4,491
1,376
3,115
4,415
2,415
2,000
4,514
1,346
3,168
4, 504
2,331
2,173
4,405
1,296
3,109
3,662
1,746
1,916
4,380
1,281
3,099
4,214
2.074
2,140
4,110
1,269
2,841
4,476
2,382
2,094
3.660
1,267
2,393
4,670
2, 594
2,076
3,324
1,142
2.182
3,719
0
35,342
31,215
4,127
78
33
1,748
0
33, 647
29, 606
4,041
75
'27
6,021
0
27, 601
24,100
3, 501
81
60
4,769
730
23,079
20,060
3,019
112
56
2,990
3,616
23,905
21,075
2,830
237
45
4,995
8,654
26, 265
23, 247
3,018
173
33
6, 460
10,848
30, 349
27,131
3,307
340
72
-6, 738
9,774
34,067
30. 450
3,617
371
62
Or®
Iron ore:
Lake Superior district:
Consumption by furnaces-.
thous. of long tons.
Shipments from upper lake ports
-do
Stocks, end of month, total
_
..do
At furnaces..
._.
do—
On Lake Erie docks...do
Import? §
do
Manganese ore, imports (manganese content)!-..do
6, 380
9,636
34, 573
33, 464
4,109
5, 837
10,543
39,549
3.5, 684
3, 865
118
56
Pig Iron and Iron Manufactures
Castings, gray Iron:*
Shipments, total
short tons_
For sale
„
do
Unfilled orders for sale
_
do
Castings, malleable:d*
Orders, new, for sale
do
Orders, unfilled for sale .
do
Shipments, total..-.
...do
For sale
do
Pig iron:
Consumption*
thous. of short tons
Prices, wholesale:
Basic (valley furnace)
dol. per long ton..
Composite
do
Foundry, No. 2, f. o. b. Neville Island*
do. .
Production*
thous. of short tons
Stocks (consumers' and suppliers'), end of month*
thous. of short tons.
913, 824 717,768 767,209 ! 751,092 678,091 706, 319 541,177 796, 068 856,678 757,041 735,060 810, 829 944, 516
534, 310 434.416 ! 461,720 445,952 397,529 446, 567 368. 384 505, 431 529, 323 454,194 435, 866 475,059 588, 957
2,881,906 1,754,515 |1,741,981 1,847,468 1,877,095 2,076,994 2,152,766 2,265,336 2,378,348 2,491,811 2,633,118 2,668,782 2,785,609
47,020
44,507
33,698
46. 703 16,275
279, 509 219,905 229, 618 227, 309 236,648
51. 963
57,315
69, 516 46, 960 59,096
28,506
37,307
36, 007 35,168
39,634
28.00
28.73
28.50
4,687
47,411
245,878
54,191
38,181
31,104
49, 561
247, 644 263, 227
40,156
50, 235
29, 338 33,978
40,893
267,822
65,010
36, 298
271,925
62, 598
34,975
41,804
39, 388 S4,157
275,845 271,981 272, 440
61, 650 64, 446 67,903
41, 345
38,021
35,468
i
3,623
4,560 I 4,696
4,062
3,525
4,080
4,090
i 3, 664
4,374
3,739
2,395
24. 50
25.17
25.00
4, 227
24.80
25.40
25.19
3,388
25. 25
25.92
25.75
4,026
25.25
25.92
25.75
4,323
25.25
25-. 92
25.75
2,645
25. 25
25. 92
25.75
1,148
25.63
26.32
26.20
4, 424
26.00
26.67
26.50
3,614
26.00
26.82
26. 50
2,275
28.00
28.67
28.50
3,682
28.00
28.73
28.50
4,705
28.00
28. 73
28.50
4,898
1,527
1,247
1.124
1,192
(•)
1,257
1,239
1,046
862
821
810
771
Steei, Crude and Semimanufactured
Steel castings:f
99,058
57,423 101, 396 146,327 129, 211 123, 551 119,157 130,450
Shipments total
.
short tons.- 126,415 114,613 130,344 123,048 115,239
84, 422 94? 653
77,071
99,495
45,151
94,630 91,715
90, 675 83.751
91, 409 85, 391
80, 843 108,586
For sale, total
do
22, 422 24, 746
25, 939
22, 645
29, 391 28,160
28.547 ! 25,604
8,879 21,905
25, 993 26,071
33, 598
Railway specialties
do
'Revised.
* Total for January and February.
• Data not available.
JA1I but 2 of the reporting mills have been closed by strikes from the middle of January until July; complete reports were not received for July.
§Data continue series shown in the 1942 Supplement but suspended during the war period (it should be noted that data for iron and steel are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
cf Since May 1944 the coverage of the malleable iron castings industry has been virtually complete (see note in April 1946 Survey regarding earlier data); total shipments include
shipments for sale and for use by own company, an affiliate, subsidiary or parent company. New orders for sale has been substituted for total new orders which has been discontinued;
data beginning November 1944 for unfilled orders and beginning 1930 for new orders and shipments for sale will be published later.
•New series. Data beginning September 1941 for softwood plywood are shown on p. 16 of the September 1944 Survey. For a description of the series on scrap iron and steel
and pig iron consumption and stocks and 1939-40 data, see note marked "*" on p. S-29 of the November 1942 Survey; later data are available on p. S-30 of the April 1942 and subsequent
issues. The series on pig iron production is approximately comparable with data in the 1942 Supplement (data in the Supplement are in short tons instead of long tons as indicated);
see p. S-30 of the May 1943 Survey for further information on this series and data for 1941-42. The pig iron price series replaces the Pittsburgh price, delivered, shown in the Survey
prior to the April 1943 issue. Data for gray iron castings represent industry totals beginning in the June 1946 Survey; see note in that issue.
t Revised series. Data for steel castings are estimated industry totals; see note marked " t " on p. S-32 of the July 1946 Survey for a further description of the data and comparable figures for January-April 1945.
SURVEY OF CURRENT BUSINESS
November 1946
Unless otherwise Stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
1946
September
S-33
1945
September
October
1946
Novem- December
ber
January
February
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Crude and Semimanufactured—Continued
Steel ingots and steel for castings:
Production__.
thous. of short tons..
Percent of capacity§
_._
Prices, wholesale:
Composite, finished steel
_dol. per lb._
Steel billets, reroiling (Pittsburgh).-.dol. per lone? ton.
Structural steel (Pittsburgh)
_.dol. per lb_.
Steel scrap (Chicago)
_.dol. per long ton._
Steel, Manufactured Products
Barrels and drums, steel, heavy types:®
Orders, nnfilled, end of month
.thousands..
Production
do
Shipments
_
_do
Stocks, end of month
_
do
Boilers, steel, new orders:I
Area
_
thous. of sq. ft_Quantity
number..
Porcelain enameled products, shipments! thous. of dol._
Spring washers, shipments
._
do
8teel products, net shipments:©
Total
thous. of short tons..
Merchant bars
.do
Pipe and tube.
do
Plates..
do
Rails
do _.
8heets
do
Strip—Cold rolled
do
Hot rolled..
do
Structural shapes, heavy
....do
Tin plate and terneplate...do
Wire and wire products
_do
5,625
74
6,610
85
'6,887
.0301
39.00
.0235
18.75
4,072
52
.0301
39.00
.0235
18.75
.0303
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
20
6, 733
1,428
1,424
24
7,886
2,000
1,988
38
8,632
1,861
1,875
24
9,763
1,786
1,782
28
2,031
2,019
40
1,645
1,154
4,496
317
1,948
1,531
4,788
355
1,993
2,049
6,151
407
1,725
1,920
5,779
1,797
1,895
5,731
14,379
1453
1401
1341
1149
i 1,044
U37
1138
1278
1267
1356
4,214
454
418
371
177
924
106
117
327
249
327
4,336
439
457
361
166
973
118
100
340
265
351
3,667
348
385
263
109
966
121
100
201
241
6,517
5,982
76
5,597
6,200
79
6,058
75
3,872
50
1,393
20
6,507
5,860
78
.0305
39.00
.0235
18.75
.0275
36.00
.0210
18.75
.0275
36.00
.0210
18.75
.0275
36.00
.0210
18.75
.0275
36.00
.0210
18.75
.0275
36, 00
.0210
18.75
.0288
37.50
.0223
18.75
.0301
39.00
.0235
18.75
12,202
2,039
2,036
30
3,756
1,551
1,557
38
[,012
,694
,693
40
4,645
1,823
1,825
88
5,353
1,810
1,821
27
5,465
1,695
1,705
19
5,989
1,646
1,682
6,729
1,579
1,371
3,303
316
,356
,298
4,049
1,295
1,222
4,013
374
1,597
1, 259
3,355
325
1,606
1,381
5,070
382
3,955
434
429
389
220
838
84
92
272
213
303
4,267
447
426
375
203
979
104
114
333
211
343
4,367
450
454
367
204
993
108
120
324
209
350
4,298
435
417
387
204
931
104
111
331
210
338
372
334
284
133
877
108
88
274
247
318
10,318
2,393
2,405
r 2, 000 «" 1,417
2,586
1,480
5,679 r 7,221
4,259
455
427
399
180
960
92
105
313
262
297
4,965
501
501
421
217
1,116
124
137
351
295
387
NONFERROUS METALS AND PRODUCTS
Aluminum:
Imports, bauxite^..Jongtons__
38,322 52,329 55,598 75,844 65,356 77,110 88,606
42,444
54,947 40,967 38,213 66,794
Price, wholesale, scrap castings (N. Y.)--dol. per lb_. .0573
.0385
.0375
.0376
.0375
.0375
.0475
.0475
.0523
.0375
.0375
. 0525 .0550
Aluminum fabricated products, shipments*.mil. of lb_.
99.4
148.6
60.9
110.7
109.3
65.2
66.5
80.8
63.8
118.6
57.9
133.8
Bearing metal (white-base antifriction), consumption
and shipments, total.„_„
thous. of lb_.
6,251
5,544
4,541
4,975
4,435
3,968
4,760
1,333
Consumed in own plants*.
„
do
1,493
1,046
1,101
1,335
1,170
1,073
Shipments*
do.-.
4,918
4,051
2,868
3,265
3,495
3,640
3,687
()
.195
Brass sheets, wholesale price, mill
.do!, per lb.
.195
.195
.195
.221
.237
.195
.195
.208
.195
.237
.237
.237
Copper:
Exports, refined and manufactures 1
short tons_
7,336
7,341
6,219
12,427 10,966
4,225
9,173
10,908
6,267
9,511
7,301
7,489
Imports, total f
__.do_._
8,194 25,164 31,193 20, 510 35, 755 21, 272
70, 423 82,366
60,860 56,469 60,026
13,560
For smelting, refining, and export 5
do...
3,481
15,657
762
2,407
1,760
1,104
5,058
4,950
4,588
5,392
2,262
5,486
4,712 24,060 30,431
For domestic consumption, total t
do
11,800
15,452 30, 269 18,322
65,835
76,974 48,452 64,217 44,369
814
Unrefined, including scrap I .
do. .
5,782
27,909 22,982 11,869
12,480 20,368
1,276
819 12,319 18,272
3,701
3,898 20,358 29,155
6,020
37,925 63,993 36,584 41,737 24,001
14,633 17,950
50
Refined 5
~
do
.1178
.1178
.1178
.1178
.1178
.1178
.1406
.1178
.1415
Price, wholesale, electrolytic, (N. Y.)
dol. per lb..1178
.1178
.1415
.1415
Production :cf
Mine or smelter (iccl. custom intake)-.short tons.. 69, 689 64,091
69,322 65, 586 62, 641 58,178 41,667 41,832 29,280 31,897 32,785 56,906 r 64, 462
45,145
Refinery
do....
67,803
70,363 70, 218 66,062 69, C08 49,923 20,139
18,989 20, 551 23,870 43,606 59,591
58, 590 75,756 93,647 95, 267 96,826 118,814
86,089
83,478 104,104 119,973 103,464 115,601
Deliveries, refined, domesticc?
do
112,339
70, 249 65,448
76,512 72, 799 74,339
75,754 79,145 101,183 94,669
Stocks, refined, end of monthcf
~do__I. , 98,619 68,675
73,913 74,425
Lead:
7,506
17,669
12,291
6,526
4,981
Imports, total, ex-mfrs. (lead content) 1
_do__»
40, 754 27,164 22,942 25,199
5,217
5,046 12,909
Ore, domestic, receipts (lead content)^do...
26, 945 32,978 32,812 31,580 31, 550 28, 525 27,081
24, 655 22, 049 21,801 32,977 31,373
28,054
Refined:
.0650
.0825
Price, wholesale, pig, desilverized(N. Y.)..dol. per lb..
. 0825 .0650
.0650
.0650
. 0650 .0818
.0650
.0650
.0650
.0925
.0650
51,054 41,643
Production, totald*
„
short tons.. 40, 720 35,923
25,336
19, 530 18, 584 34,029 35,690
23,766
47,462 47,824 45,399
From domestic orecf
do...
38,298 49, 795 40,070 24,179
22, 726 IS, 393 17,450 32, 622 33, 994
39,012 34,699
42,005 39,991
39,701
Shipmentscf
. . . - - . _do
34,047
21, 720 25,173 35,591 32,811
44, 347 44, 766 44, 304 44,806 48,257 28, 702 23,941
43, 746 51,929 45,312 41,939 41,758 39, 563 32, 969 31, 396 34, 275
36,514
Stocks, end of monthcf
___ . . "do
40,944
39,629 42,671
Tin:
Imports: \
5,074
1,067
3,242
811
4,483
3,593
Ore (tin content)
long tons.
3,917
1,151
7,540
5,277
3,763
5,665
1,977
2,073
Bars, blocks, pigs, etc
_
_.„ do
0
22
0
0
0
0
213
2,542
2,172
94
Price, wholesale, Straits (N. Y.)_.
dol. per lb.
.5200
.5200
.5200
.5200
.5200
.5200
.5200
.5200
.5200
.5200
.5200
.5200
. 5200
ZincImports, total (zinc content) 1
_
short tons..
21,052 39,481
27,662 44, 766 33,878 32,419
31, 522 31,826
46,908
15,729 31,057 21,241
For smelting, refining, and export \
„
do.
2,993
735
1,111
312
621
1,881
3,102
779
3,476
5,287
878
For domestic consumption: \
Ore (zinc content).
_
,_do
13,069
14,300 29,031
38,055
12,005 28,365
20,450
7,616 19,982 14,007
18,291 21,943
Blocks, pigs, etc
„
do
12,742 12,485
8,232
9,235 10,337 17,646
8,164
13,050
7,235
3, 758
5,788
9,697
Price, wholesale, prime, "Western (St.
Louts)....
dol. per lb_.
.0825
. 0825 .0825
. 0825
. 0825
.0825
.0825
.0825
.0825
.0825
.0825
.0825
Production d"-----.-._
short tons__ 58,657
61, 274 71,612 60,903 62,416 58,812 59,014 59,752
61, 600 65,614 64, 337 66,162 65,901
62,324 58,635
Shipmen tscf~__do
83, 693 73,191
54,856
69, 489 60,492 ' 69,220 51,886
63,682
41.881
53,224 54,449
Domesticcf
" d o " " 57,885
41,410 52,052 51, 326 56,180 47,169 41,349 66,159 60,809 60,380 51,101 ' 58,321 43, 522
Stocks, end of monthc?1..
do_.
232, 588 233, 275 245,665 255, 553 259, 391 266,657 273,075 260,994 248,706 241, 633 239,953 229,747 237,613
r
Revised. * Total for January and February. * Discontinued by reporting source. <8> Beginning 1943 data have covered the entire industry.
§ For 1946 percent of capacity is calculated on annual capacity as of Jan. 1,1946, of 91,890,540 tons of open-hearth, Bessemer, and electric steel ingots and steel for castings; 1945 data
are based on capacity as of Jan. 1, i945 (95,501,480 toos).
t Based on information recently available it is estimated that data beginning 1945 represent substantially the entire industry; in prewar years the coverage was about 90 percent.
• See March 1944 Survey for comparable data for 1942; the series now covers 57 manufacturers (two formerly reporting discontinued production of bearing metal).
0 Total shipments less shipments to members of the industry for further conversion; data prior to 1944 were net production for sale.
1 Data continue series published In the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
d* For data for January 1942-April 1944 for the indicated copper, lead and zinc series, see p. 24 of the June 1944 Survey.
*New series. Data for aluminum fabricated products cover total shipments of castings, forgings, sheet, strip, plate, rods, bars, and other wrought products, exclusive of products
shipped to other manufacturers for further fabrication into other wrought products; data were compiled by the War Production Board through September 1945 and by the Bureau of the
Census thereafter. Data have been revised beginning January 1945 to include estimated industry tocals for castings based on monthly reports from the larger founderies and annual
reports for 1945 from the smaller ones. Data for castings included in the totals prior to 1945 are estimated to cover about 98 percent of the industry but the small amount omitted
affected the combined total for castings and wrought products only slightly since the former represented only about one-fifth of the total. The coverage of wrought products is virtually
complete; weights for some wrought products were gathered at a different stage of manufacture beginning October 1945, but it is believed that the comparability of the totals is not
seriouslyl affected. For revised figures for early months of 1945, see p. S-33 of the June 1946 issue.
SURVEY OF CURRENT BUSINESS
S-34
Unless Otherwise stated, statistics through 1941 1946
and descriptive notes may be found in the
Sep1942 Supplement to the Survey
tember
November 1946
1946
1945
September
October
Novem- December
ber
January
Fe
u
*I "
ary
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS
Electric overhead cranes:§
Orders, new
thous. of dolOrders, unfilled, end of month,
do...
Shipments
do.Foundry equipment:
New orders, net total
1937-39=100..
New equipment—
do—_
Repairs
do...
Heating and ventilating equipment:
Blowers and fans, new orders
..-.-thous. of dol.
OiJ burners:©
Orders, new, net
,
number.
Orders, unfilled, end of month
.'.
do
Shipments
„
do
Stocks, end of month
__
.do
Mechanical stokers, sales:J
Classes 1, 2, and 3
...
_do
Classes 4 and 5:
Number
_
_
Horsepower
Unit heater group, new orders*
thous. of dol.
Warm-air furnaces (forced air and gravity flow),
shipments*
number.
Machine tools, shipments*
thous. of dolPumps and water systems, domestic, shipments:o*
Pitcher, other hand, and windmill pumps
units.
Water systems, including pumps
do
Pumps, steam, power, centrifugal, and rotary:
Orders, new
.
thous. of dol_
1,795
8,274
461
2,033
9,597
709
1,799
10, 690
675
1,366
11,365
640
1,607
12,185
757
1,386
12, 772
1,422
13,396
781
1,049
13, 548
850
1,792
14, 677
1,029
1,456
15,132
424. 4
415.4
453.5
577.2
617.2
436.9
457.8
456.8
461.6
416.6
419.4
406.8
547.6
600.8
360,8
392.8
391.1
391.7
432.8
458.7
342.6
536.6
576.7
351.8
701.2
779.8
427.7
577.3
621.7
426.2
491.7
492.8
488.2
10,338
12,262
80, 294
931, 882
55. 713
5,195
80,100
211,799
20,123
6,422
50, 895 58,075
32,150
235,073 266,976 277,211
27, 621 26,172 21,915
5,435
5, 279
6,166
82,489
330,206
29,494
6,531
138,828
442,220
26,814
6,256
19, 436
14,352
19,493
21,434
13,746
14,007
14,328
450
63,055
428
90,088
5,581
465
94, 777
400
76,520
331
63,380
8,526
246
59,382
71, 809
25, 500
34,871
27,300
40,165
31,200
41,465
26,084
33,253
23,276
24, 082
58. 544
22,995
32, 400
25,470
38,927
24,050
36, 529
2,171
2,975
1,675
164
256
13,423
453. 4
444. 8
481.1
16,591
78,941 127, 285 159, 375 92,927 87, 531
498,600 590,942 717, 642 777, 381 824, 335
30, 681 34,943 32, 675 33,188 40, 577
5,785
6,626
6,130
4,691
5,835
r
16,038
14,399
14, 688
13,389
248
69,070
275
73, 717
8,417
345
88,485
303
80, 586
309
75, 274
7,975
329
82, 700
37,789
30,263
39,664
26, 949
47,100
27, 326
47, 321
26, 580
27. 563
46,094
24,093
37, 528
27,231
44,870
23, 587
45,150
49,337
28, 580
27, 741
45, 349
48,912
22, 360
23,600
33,718
43.186
28,108
28,157
44,887
2, 482
1,925
2, 836
2.728
2,856
2,648
4,014
1,926
1,834
1,685
1,768
1,706
1,686
1,672
1,645
1,377
1,161
206
323
202
254
227
345
217
213
187
222
224
429
225
385
242
404
252
432
7,092
701
2,005
8,104
690
2,659
5,856
624
2,556
7,b26
613
3.144
6,343
570
2,694
6,589
614
2,216
5,786
604
2,759
6,105
527
2,738
5,357
351
3,060
227
465
9,099
606
2,878
9,379
771
3,268
4,462
6,624
1,695
2,663
8,826
5,417
10,691
1,678
1,335
11,383
5,633
7,260
1,720
1,352
12,732
6,143
10,813
1,358
2,067
12,900
3,365
5,818
565
779
14,109
3,243
6,530
456
894
10,887
5,924
12, 767
868
1,840
6,590
4,726
10, 222
600
1,414
12,940
5,281
10,809
847
1,844
16,103
5,873
13,095
973
1,735
16,129
6,154
13, 377
987
1, 589
15, 705
3,017
746
2,490
825
3,152
875
4,093
921
4,359
1,265
4,222
1,104
4,474
1,211
3,389
1,138
3,214
1,038
3,247
824
3,183
1, 056
1,286
1,611
2,913
1,511
1,716
3,117
1,512
1,433
3,038
1,516
1,331
2,853
1,514
1,604
2,942
1, 423
1,723
3, 241
500,546 590,097 555, 229 616,542
620,830 578,075
496, 036 589, 511 545,602 637,199 653,188 639.991 606,548
337, 518 382,992 401, 667 426,750
326,689 326,238
558, 257
596. 609
464, 831
17, 503
22, 663
54, 434
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement only),
number*
_
thousands-.
Electrical products :t
Insulating materials, sales billed
1936=100-.
Motors and generators, new orders
do
Furnaces, electric, industrial, sales:
Unit.
.kilowatts-.
Value
..thous. of doK.
Laminated fiber products, shipments
.do
Motors (1-200 hp):
Polyphase induction, billings
do
Polyphase induction, new orders
do_...
Direct current, billings_
do
Direct current, new orders
do
Rigid steel conduit and fittings, shipmentsf short tons..
Vulcanized fiber:
Consumption of fiber paper
.thous. of l b . .
Shipments
.thous. of doL.
1, 318
3, 761
4.125
1, 330
PAPER AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:*
1,339
1,465
1,401
1,505
Consumption
. . . thous. of cords (128 cu. ft.)..
1.820
1,502
1,535
1,225
Receipts, total
do
3,953
Stocks, end of month
do
3,017
2,877
Waste paper:*
Consumption
_
short tons.. 608, 052 540,190 602,143 568,048
Receiptsdo
604, 725 533, 384 620,472 566,858
Stocks
do
456, 585 314, 644 330, 579 330,919
1,314
1,070
2,627
1,294
1,354
2,687
WOOD PULP
4, 780
3,711
1,095
1,399
5,092
3,461
2,906
6,057
3,198
1,359
Exports, all grades, totalt
short tons.
1,058
Imports, all grades, total %
._
-do...
166,839 257, 561 230,024 271,856 232,963 142,069 109,769 118, 276 123, 985 150, 216 212, 697
9, 757
10,584
4,783
3,996
Bleached sulphate %
do...
5,213
5,322
8,112
18,455
6,846
7,817
5,780
10, 505 20,352 26,482 46.109
Unbleached sulphate %
_do.._
11,435
45,352 62. 600 55,922 100, 745 88, 447 31,741
Bleached sulphite X
__do.-27,980
56,880 38, 609 36, 779 37, 299 38,672 36,194 42, 638 39, 406 37, 757 37. ^39
Unbleached sulphite %...
-do-_.
66,685 92,659 99, 529 99, 480 78,483 45,242 37, 715 36,085 37,158 49,818 78,176
1,249
1,928
1,879
1,717
1,699
1,990
Soda t.
do._1,719
2,012
2,170
1,740
1,943
21, 967
22, 548 21,194 23,647
19,502
Groundwood t
do
17,113
16,991
24,955
26,948 25,295 21,011
' Revised.
§ Revisions in unfilled orders for April-July 1942 are available on request; data cover 9 companies since September 1944; earlier data back to March 1943 covered 8 companies.
© Data are based on reports of 124 manufacturers accounting for practically the entire production of oil burners; in prewar years the reporting concerns accounted for around 90
percent of the industry.
1 Data cover almost the entire industry; in prewar years the reporting concerns represented over 95 percent of the total.
• Includes unit heaters, unit ventilators, and heat transfer coils; the designation has, therefore, been corrected from "unit heaters" to "unit heater group" to avoid misinterpretation.
d* It is believed that data shown currently and also earlier data for these products are substantially complete.
X Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
*New series. The series on automotive replacement battery shipments are estimated industry totals compiled by Dun and Bradstreet; data beginning 1937 are available on
request. For 1940-41 and early 1942 data on machine tool shipments, see p. S-30 of the November 1942 Survey; data beginning August 1945 are estimated industry totals compiled by
the National Machine Tool Builders Association; earlier data were compiled by the War Production Board. The new series on shipments of warm-air furnaces is compiled by the
Bureau of the Census from reports by manufacturers accounting for almost the entire production; data beginning January 1944 will be published later. Data through August 1945
for the pulpwood series and for receipts and stocks of waste paper were compiled by the War Production Board; data beginning October 1945 for all series and earlier data for waste
paper consumption are compiled by the Bureau of the Census (waste paper consumption through September 1945 were compiled from report's to the War Production Board); September data for all series were estimated by that agency from partial reports to the War Production Board. Data cover all known producers of pulp, paper, and paper board; a small
proportion of the data is estimated.
fRevised series. The index for motors and generators includes adjustments for cancellations reported through December 1945: data published for this index prior to the July
1946 Survey and for the index for insulating materials prior to the April 1945 Survey, have been revised (revised April 1945 figure for the index of sales of insulating materials, 378);
all revisions are available on request. Data for rigid steel conduit and fittings have been revised to cover domestic sales only (some manufacturers formerly included export sales);
revisions through April 1945 will be published later.
November 1946
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
Septem- September
ber
S-35
1945
1946
October
1946
Novem- December
ber
January
February
March
April
May
June
July
727,224 720,239
59,004 63,011
230,809 250,454
136,813 127,991
64,513 58,989
39,553 35,886
155,756 143,333
855,139
78,144
320,300
140,669
64, 546
41,320
163,110
849,772
76,411
316,854
141,876
62,347
41,612
164, 589
849,126
78,670
307, 975
150,015
65,563
38,631
161,044
841,674
77,336
323, 722
138,986
65,455
38,386
149,840
787,672
71,931
309,614
132, 575
56, 675
37, 583
133,614
74,295
6,970
6,556
18, 561
10,105
2,181
26,253
74,906
5,203
7,119
17, 362
8,786
2,645
29,870
77,173
6,265
7,624
14,834
8,451
2,711
34,089
88,429
7,358
8,055
17,515
11,179
2,918
37,983
85,313
6,291
8,013
14,363
11,800
2,329
39,252
,409,470 1,570,975 1,503.923 1.369,516 1,508,961 1,428,745
690,643 783, 339 760,310 709,444 782,844 720,336
718,827 787,636 743,613 660,072 726,117 708,409
96,874 94,495
89,293 87,831
91,716
1,638,097
819, 320
818,777
106,443
1,628,857
813,674
815,183
108,287
August
PAPER AND PRINTING—Continued
WOOD PULP—Continued
Production:!
Total, all grades
_
short tons.
Bleached sulphate
do...
Unbleached sulphate.
do...
Bleached sulphite,
do...
Unbleached sulphite
do...
Soda
_
do...
Groundwood
_
do__,
Stocks, end of month :f
Total, all grades
do._.
Bleached sulphate
do...
Unbleached sulphate
do__.
Bleached sulphite..
„.
do__.
Unbleached sulphite
do__.
Soda
.....
do—.
Groundwood
do>_.
808,465
76,008
314,645
135,185
64,407
38,947
132,662
738,619
66,563
285, 789
117,855
64,130
35,147
127,578
828,316
77,440
315,380
136,793
67,011
39, 218
146,124
799,579
71,683
299,256
132,878
66,105
38. 408
147,473
706,722
64, 504
246,570
119,761
59,806
35,925
143,283
71,875
7,193
8,309
16,713
12,154
2,690
21,381
67,422
4,010
8,829
14,045
8,343
2,279
26,569
65,367
6,009
7,542
13,605
9,065
2,218
23,349
68,665
5,471
8,984
14,400
9,405
1,959
24,361
71,195
3,999
8,894
17,105
9,461
1,933
26,481
67,026
3.855
7,340
15,397
9,374
2,041
25,638
•858,510
' 80,170
331,586
143,184
«• 69, 272
42,655
140,027
83,178 r 77, 606
«• 6,021
6,773 '6,430
17,933 17,185
11,043 ' 13,605
2,448
2,726
34,940 28,230
P A P E R AND PAPER PRODUCTS
All paper and paperboard mills:*
Paper and paperboard production, totaL .short tons.. 1,598,232
Paper
_
__.
d o . . . 801,530
Paperboard
do.__ 796, 702
Building board
do__. 108,007
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):!
Orders, new
short tons__ 676, 728
643,282
Production
.
__do
623,113
Shipments.
do
Fine paper:
105,796
Orders, new
do
180,425
Orders, unfilled, end oi month
do
94,845
Production
„
___do
88,636
Shipments
do
61, 516
Stocks, end of month...
__„
__do
Printing paper:
232,875
Orders, new
„
do
237,455
Orders, unfilled, end of month.
„
do
220,060
Production.
___..„
do
213, 594
Shipments..
do
61, 662
Stocks, end of month
do
Wrapping paper:
244, 501
Orders, new
„
,
do
205,150
Orders, unfilled, end of month.
do
238,932
Production..
_do
234, 733
Shipments
do
69,675
Stocks, end of month
^
do
Book paper, coated:
Orders, new
percent of stand, capacity—
Production
do
Shipments
do
Book paper, uncoated:
Orders, new
..
,
..do
Price, wholesale, " B " grade, English finish, white,
8.55
f. o. b. mill
dol. per 100 Reproduction
percent of stand, capacity—
Shipments
„
do
Newsprint:
Canada:
Production
short tons 330,063
335,874
Shipments from mills..
„
.-do
123,890
Stocks, at mills, end of month
do
United States:
268,387
Consumption by publishers...
_do
Imports^
do
74.00
Price, rolls (N. Y.)
dol. per short ton._
Production
short tons.. 61,025
Shipments from mills
do
55, 587
Stocks, end of month:
At mills.
d o . . . . 12, 270
240,602
At publishers
_
do
60,634
In transit to publishers
do
Paperboard (National Paperboard Association) :$
699,362
Orders, new
_..do
569,409
Orders, unfilled, end of month
_
do
679, 504
Production
..do
96
Percent of capacity
_._
Waste paper, consumption and stocks:§
Consumption
.....short tons._ 399, 684
299,218
Stocks at mills, end of month
do
Paper products:
Shipping containers, corrugated and solid fiber, ship4,919
ments*
rail.
sq. ft. surface area..
Folding paper boxes, value:*
414.6
New orders....
1936=100..
351.5
Shipments
_
,
—.-do
587,104 553, 553 682,014
552,798
559, 251 639,950 619, 717 580,487 644,266
559,923 628,677 616, 249 563,008 653,559
79, 761 101.382
129, 598 135,896
85, 743 92,351
79,314 94,431
62,335 55,963
1,621,346 1,596,773 1,474,261 1,684,908
823,646 820,090 766, 906 864,982
797,700 776,683 707, 355 819,924
106,571 99,002 72,051 ' 90,479
593, 256 700,693 682,491 657,053
591,121 681,001
672,370
592,627 682, 398 665,605 670,144
669,564 •659,247 654,271
671,335 •613,822 705,537
677,096 613,441 •708,620
83,681 104,902 107,677 89,017 108,191 100,854
136, 513 149, 408 161, 287 155,066 175,437 187,924
84,450 92,218
94,770 97, 896 97, 790 ' 89,320
85,596
96,129
91,840 97.207 99,684 r 85,824
57,412
53,721
56,349 57,543 59, 500 '56,150
r 86, 858
164,271
104,398
100,729
r
59,717
71,047
145,125
81,464
79,946
47,064
92,405
135, 498 140,438
91,916 93,479
86, 111 93,017
49, 509 55,904
185,158
193,236
172, 037
174,664
58, 676
223,472
212, 356
205, 359
202,857
61,288
184,014
196,654
200, 557
198,476
62, 627
171,937
179,989
191, 434
187,420
64, 962
247,377 203,257
247,788 250,553
219.785 198,199
221,406 198,897
57,996
234,395
261,171
227,104
223,972
58,298
227,871
255,855
226,978
228,219
225,245
259,124
228, 291
229,400
55, 350
214, 214
252,603
226,110
288,049
53,512
225,529
258,456
206,408
206,958
' 53,225
201,272
228,461
235,600
236,926
' 53,169
207,059
219, 338
217,861
216,830
67, 395
242.857
209, 772
242, 786
240,026
66,090
228,184
213.983
233, 507
232.984
216,125
207,920
214, 719
209,993
72,490
231, 270
192,175
232, 704
238,186
67,047
215,089
190,398
217,692
217,859
68,273
262, 247
205,926
262, 799
264,054
75,122
247,243 247, 803
199,825 186,017
247,098 252,282
247,587 250,157
71,082 67, 512
254, 258
194,966
254,348
256,630
65,970
247,518
197,977
237,498
237,170
' 65, 867
262,246
194,020
267,439
267,706
r 64,272
58.1
58.1
57.1
69.2
68.1
66.9
60.5
67.7
66.7
62.6
64.7
67.0
89.5
100.0
89.2
92.9
0)
0)
0)
0)
7.30
83.5
84.3
7.30
93.8
92.0
7.30
97.2
96.1
7.30
96.4
93.5
8.00
8.00
0)
0)
269,963
277,018
62,156
7.58
8.00
8.00
310,975 299,158 276,931 328, 414 308, 382 334,127 337,862 359,943
308,090 298,005 262,765 316,320 285, 304 320,351 348,103 367,251
65,041 66,194 80, 360 92,454 115,532 129,308 119,067 111,759
8.00
8.28
334,207 357,027
322,805 364,591
123,161 115,597
370,676
356, 572
129, 701
8.00
225,378 221,054 223,244 267, 711 258, 984 261,484 259, 284 243,072 260,059
232,618 244,469 238,888 269. 795 285,017 313,270 275,470 326, 399 295,934
67.00
67.00
71.08
73.80
67.00
67.00
67.00
67.00
61.00
61, 563 67,819 60, 564 65,304 67,064 65,927 61, 241 62,742 65,129
62,551 66,102 59,015 67,658 67,698 65,699 61,671 60,249 67,206
6, 846
9,608
7,252
8,909
6,832
8,057
6,618
6,416
7,328
6,340
246, 227 222, 266 221,957 216, 241 198,122 201,776 210, 276 209, 784 226,577 243,331
47,556 44,078 55,206 60,277 55,341 56,332 59,257 52,155 61,735 64,331
213, 294 236,939 236,090
218,399 263,457 206,659
61.00
61.00
61.00
56, 722 62, 267 62,602
59,802 60,101 62,186
4,746
6,912
258, 752 254,834
55, 215 46,882
629, 899 704,867 653,196 601,526 685,788 641,342 754,872 747,907
492, 880 511,022 472, 568 462,446 516, 776 533, 794 549,929 553,274
619,388 704,564 664,076 583, 569 624,862 614,867 710,987 716,274
97
100
90
97
91
95
85
366. 642 412, 472 385,249
187,185 203,657 204,675
347,495
199,353
397,534
204,736
372,489
193,885
412,718
211,335
413,131
238,597
771, 331 669,747
567,068 558,129
703,422 675,118
94
97
715,696
620,354
663,229
729,066
564,299
754,177
408,173 374,295
259, 832 283,996
369,803
315,236
439,696
313,975
4,147
4,774
4,421
4,047
4,800
4,345
4,923
5,078
4,975
4,730
4,763
' 5,233
243.8
254.5
273.4
303.7
302. 7
288.3
274.5
260.7
347.7
301.3
324.8
283.1
397.0
322.1
389.5
338.0
379.6
338.4
362.7
331.3
361.0
300.5
381.0
368. 3
582
483
534
443
91
536
477
59
731
609
122
348
281
67
465
3G8
97
638
518
120
539
125
682
553
129
679
556
123
536
422
114
510
401
109
PRINTING
Book publication, total
New books
.
New editions
.
no. of editions^
.
-_do.
do_
656
532
124
*• Revised.
§See note in April 1946 Survey for basis of data, JFor revisions for January 1942-March 1943, see note for paperboard at bottom of p. S-36 of July 1944 Survey.
jj^o comparable data available after December 1945.
i continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-Februaryy 1945 will be published later.
f the
t Re vised1s.series. Revised woodpulp
p p pproduction
c t o for
for 194043
1940-43 and
and sulphite
sulphite stocks
stocks for
forall
all mo
months of 1943 are
e shown on pp. 20 of
" December
' 19-14 Surveyy and revised 1942 stock figures
g
d total
t t l production
d t i
h
i the
th December
D b
1944 Survey
S
for all series are on pp. 30 and 31 of the June 1943 issue; there have been further revisions in the 1943 data for groundwood and
shown
in
and unpublished revisions in the 1944 production data for these two series; all revisions will be shown later. The data exclude defibrated, exploded and asplund fiber; stock data are
stocks of own production at mills. The paper series from the American Paper and Pulp Association beginning in the August 1944 Survey are estimated industry totals and are not
comparable with data shown in earlier issues; there have been further small revisions in the 1943-44 data as published prior to the June 1945 issue; these revisions and earlier data
will be published later.
*New series. The new paper series are from the Bureau of the Census and cover production of all mills including producers of building paper and building boards; for 1942 monthly
averages
and data for the early months of 1943, see p. S-32 of the August 1944 issue. For data beginning 1934 for shipping containers, see p. 20 of the September 1944 Survey. For
data beginning June 1943 for folding paper boxes, see p. S-32 of the August 1944 Survey; earlier data will be published later. Minor revisions in the January-May 1944 figures for
http://fraser.stlouisfed.org/
folding paper boxes and January 1943-May 1944 data for shipping containers are available on request.
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to t h e Survey
1945
1946
September
November 1946
September
October
1946
Novem- December
ber
January
February
March
April
May
June
July
15.28
12. 710
3,636
63
16. 55
13. 614
5,263
83
August
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
Exports §
thous. of short tons..
Prices, composite, chestnut:
Eetail
dol. per short ton_. »16.81
Wholesale.
do
13. 596
Production
thous. of short tons..
5,037
8tocks, producers' storage yards, end of mo
do
132
Bituminous:
Exports §
do
Industrial consumption and retail deliveries, total
thous. of short tons.. 42,424
Industrial consumption, total
do
34,041
Beehive coke ovens.._.
„
do
729
Byproduct coke ovens
do
7,578
Cement mills
do
6-56
Electric power utilities
do
6,280
Railways (class I)._
do
8,790
725
Steel and rolling mills
do
9,283
Other industrial.
do
8,383
Retail deliveries
.
_
do
Other consumption:
Vessels (bunker) §
_do
Coal mine fuel.
.
.
do
Prices, composite:
Retail (34 cities)
dol. per short ton.. 211.10
Wholesale:
Mine run
do
5.973
Prepared sizes
do
6.197
Production!
thous. of short tons.. 51,080
Stocks, industrial and retail dealers, end of month,
total.
thous. of short tons.. 52, 367
48,965
Industrial, total.
do
5,924
Byproduct coke ovens...
do
891
Cement mills
do
Electric power utilities
do
14,563
Railways (class I)-._
.do
8,800
855
Steel and rolling mills.
_do
Other industrial—
do
17,932
3,402
Retail dealers, total
do....
336
365
404
359
317
314
382
387
546
14.93
12.281
4,640
203
14.92
12. 281
5,304
140
14.93
12. 281
4,559
132
15.08
12.389
3,998
130
15.20
12.454
4,982
157
15.26
12. 469
4,788
192
15.26
12.469
5,492
214
15.25
12.469
5,094
176
15.27
12.484
5,469
79
657
3,681
2,898
3,471
2,208
2,813
3,130
3,633
1,744
732
3,245
5,418
39, 485
31, 547
464
7,130
401
5,315
9,254
673
8,310
7,938
41,054
32,124
311
5,617
434
5,566
9,692
798
9,706
8,930
44,089
34, 596
5,480
9,870
811
10,589
9,493
51,679
38, 446
612
7,333
467
5,804
11,005
921
12,304
13,233
51,826
36,542
631
5,299
471
5,706
10,976
552
12,907
15,284
46,244
31, 281
570
3,744
441
4,929
9,827
683
11,087
14,963
43, 627
35,382
719
7,101
503
5,110
10,391
815
10, 743
8,245
32.043
28,118
38
5,502
518
5,190
8,246
749
7,875
3,925
28,496
25,030
35
3,654
432
4,585
7,902
546
7,876
3,466
34, 012
29, 548
571
6,309
575
5,024
8,257
582
8, 230
4,464
39, 235
32, 744
716
7, 551
632
5,714
8,720
671
8,740
6,491
168
212
145
129
222
103
202
88
219
122
14
93
237
222
138
223
571
6,798
477
10.58
10.58
10.59
10.59
10.69
10.69
111
249
10.69
10.70
10,73
10.93
11.23
5.433
5.708
46,938
5.433
5.708
39,192
5.433
5.708
50,772
5.436
5.708
46,798
5.443
5.709
54,075
5.447
5.709
49,975
5.454
5.709
56, 540
5.454
5.709
3,356
5.454
5.715
19,790
5.787
6.028
50,350
5.928
6.167
51, 205
63,350
48,025
4,624
608
15,634
10,880
746
15,633
5,325
48,015
43, 734
3,666
48,919
44,689
4,607
670
15,137
10,056
602
13,617
4,230
45,665
42,450
4,804
641
14,668
8,985
593
12,759
3,215
46, 528
44,049
5,661
594
14,378
9,393
626
13,397
2,479
51,158
48,047
6,393
608
14,802
11,070
705
14,469
3,111
58, 531
55, 386
8,269
677
15, 705
13, 235
1,005
16,495
3,145
38,741
36,398
4,117
414
12.044
7,554
607
11,662
2,343
31,643
29,937
2,565
289
9,949
6,202
460
10,472
1,706
37, 777
35,213
3,630
482
11,430
7,297
624
11,750
2,564
43, 611
40,450
3,871
591
12, 594
7,641
642
15,111
3,161
569
15,138
10,072
548
13,741
4,281
COKE
Exports 5
thous. of short tons..
Price, beehive, Connellsvllle (furnace)
dol. per short ton,.
Production:
Beehive..
thous. of short tons..
Byproduct
_
do
Petroleum coke
do.--Btocks, end of month:
Byproduct plants, total
do
At furnace plants
„
do
At merchant plants
do
Petroleum coke..
...do
8.750
468
5,347
948
502
446
142
118
156
168
160
219
162
70
29
82
113
7.500
7.500
7.500
7.500
7.500
7.500
7.500
7.500
7.500
7.500
8.750
298
198
3,974
144
152
462
5,000
167
1,002
490
512
159
405
3,800
161
970
666
305
146
366
2,632
149
963
481
482
159
394
5,208
163
927
498
429
158
1,161
934
227
147
1,016
814
203
142
24
3,852
181
620
442
178
144
22
2,574
164
465
292
172
120
366
4,418
159
616
360
256
85
460
' 5, 323
168
709
361
348
78
5,037
148
1,177
'659
518
162
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills)f
._
thous. of bbl__
128, 236 131,567 138, 705 141,779 140,130 130,232 144, 488 139,884 148,621 145,069 150, 541
4,291
1,495
3,401
3,455
2,536
4,272
3,839
Exports §
do
3, 380
3, 936
2, 418
2,610
7,575
6, 789
8,302
7,867
7,784
6,268
Imports §
. d o
7,577
7,547
6,578
7,102
5, 673
1. 260
1.110
1.190
1.210
1.110
1.210
1.110
1.110
1.110
Price (Kansas-Okla.) at welJs
dol. perbbl..
1.110
1.110
1.460
Production!
..thous. of bbl_132,386 132, 597 135, 252 138, 495 143,368 132,129 136,835 140,196 148, 334 146,890 152, 5S6
95
95
95
96
92
92
85
84
91
94
Refinery operations....pet. of capacity..
Stocks, end of month:
220,319 221,246 218, 916 218, 763 223, 442 227,220 221,400 222, 4S0 221,592 223,140 224, 351
Refmablein U. S.f
thous. of bbl_.
54,529 52,988 55,119 53, 532
52, 756 50, 276 51,819
51, 773
53,128
54, 469
55,430
At refineries
do
150,984 154,988 151, 753 153,957 156, 790 157. 315 153. 419 153,186 153,765 152,786 155, 656
At tank farms and in pipe lines
..do
14,407
14,853
14, 765 14, 839 15, 235 15,163
14,866
14, 485
14, 530 14, 833 14, 475
On leasesf
do
4,963
4,921
4,913
4,610
4, 528
4,437
4,533
4,606
4,496
4,554
4,607
Heavy in California...
„
do....
1.241
1,302
1,156
lr396
1,333
1,389
1,089
1,236
1,330
1,291
1,112
Wells completed!
number..
Refined petroleum products:
Gas and fuel oils:
Domestic demand : |
14,850 15,098
16, 646
19,102 28, 626 29,473 25, 341
14, 207
18.063 18,297
19, 804
Gas oil and distillate fuel oil
.-thous. of bbl...
37,911 39,346 39, 283 36,734
35, 469
42, 713 45, 726 44,966 39,332
40, 627
42,229
Residual fuel oil
do.
Consumption by type of consumer:
2,851 r 2, 512
3, 511
2,570
2,043
2,157
2,261
2,141
1,968
1,543
1,858
2,917
Electric power plantsf
-do____
6, 903
6,859
6,500
7,804
7,274
7,625
6,461
7,420
6,935
6,953
6,584
Railways (class I)
do.
5,547
5,967
5,346
4,621
5,094
6,131
6,049
5,
436
6,999
4,874
Vessels (bunker oil) §
do.
5, 775
Exports:§
2,540
3,684
I
3,978
2,421
2,017
2,456
1,
566
1,723
3,407
2,464
1,797
Gas oil and distillate fuel oil
do.
578
351
324
240
239
317
507
569
363
267
374
Residual fuel oil:
do
.058
.058
|
.058
.061
.058
.058
.062
.058
.058
.058
.058
.058
Price, fuel oil (Pennsylvania)
dol. per gal..
Production:
24,390 23. 047
19, 964 21,176
23,181 23, 348 23,320 i 24. 589
19, 204
39, 009
25,298
Gas oil and distillate fuel oil...
thous. of bbl_.
34, 183
36, 452
37, 937 38, 609 37, 940 34, 791
37,407 37,816 36,569 36,060
37, 598
Residual fuel oil
__..
.do.
Stocks, end of month:
32.064 33, 885 38,824 46,'339 .
45, 059
45, 479
44, 562 35, 778 28,990 25,511
29, 922
Gas oil and distillate fuel oil
_do_
35,206 38,932 41,492 45,448 |
42, 822
42, 068
41, 322 37,158 34, 573 34,008
32,995
Residual fuel oil
__
do.
!
Motor fuel:
62,045 66,774 63, 221 69,044
50,129
51,186
55,
743
53,
581
64,
550
56,801
47,889
Domestic demand§
thous. of bbl..
2,321
2,826
3,248
2,794
4,524
4,181
5,258
2,300
4,452
4,949
Exports§
do.
2,555
Prices, gasoline:
.060
.068
.058
.054
.050
.059
.050
.070
.056
.055
.060
.053
.060
Wholesale, refinery (Okla.)
dol. per gal..
.149
. 151
.158
.149 I
.145
.149
.149
.145
.150
,149
.149
.146
.155
Wholesale, tank wagon (N. Y.)do
.151 I .155
. 142 1 .142
.141
.142
.142
.142
.141
.155
.142
.142
Retail, service stations, 50 cities
do
.142
r
Revised.
1
One city formerly included in the average has been dropped; the omission affected the average only slightly; August average excluding this city is $16.54.
3
The average includes only 32 cities beginning September 1946; the August 1946 average excluding the 2 cities dropped in September is $10.93.
§ Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
t Revised scries. For source of 1939-41 revisions for bituminous coal production, see note marked' ' f on p. S-32 of the April 1943 Survey; revisions for 1942-43 are shown on p .
S-33 of the April 1945 issue. For 1941 revisions for the indicated series on petroleum products on this page and p. S-37, see notes marked "f" on p. S-33 of the March and April 194*
issues (correction for crude petroleum production January 1941, 110,446), and for revised 1942 monthly averages, see note marked " t " on p. S-33 of the July 1944 issue; 1942 monthly
revisions and revisions for 1943 are available on request.
SURVEY OF CURRENT BUSINESS
November 1946
1945
1946
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d descriptive notes m a y b© found in t h e
1942 S u p p l e m e n t t o t h e Survey
September
S-37
September
October
1946
Novem- December
ber
January
February
March j April
May
June
July
August
i
PETROLEUM AND COAL PRODUCTS-Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products—-Continued.
Motor fuel—Continued.
Production, totalt-thous. of bbl...
Straight run gasoline,
_...
do
Cracked gasoline
. do
Natural gasoline and allied products?!
do
Pales of 1. p. g. for fuel and chemicals. do
Transfer of cycle products
do__.Used at reflneriesf
„
do
Retail distribution<f_.
mil. of gal..
Stocks, gasoline, end of month:
Finished gasoline, total
thous, of bbl_.
At refineries
,
.„___...-do
Unfinished gasoline
__
do__._
Natural gasoline._______do
Kerosene:
!
Domestic demand §
do
Exports§
'
._
-_._.-do
Price, wholesale, water white, 47°, refinery (Pennsylvania)
_
_
_.dol. per gal_.
Production~.-_-.„
thous. of bbl__
Stocks, refinery, end of month
__..do
Lubricants:
Domestic demand§
_
do
Exports!
_.
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gal..
Production
.thous. of bbl-.
Stocks, refinery, end of month
do
Asphalt:
Imports §
..short tons..
Production
do
Stocks, refinery, end of month
do
Wax:
Production
...thous. of lb_.
Stocks, refinery, end of month..
»__.do
Asphalt prepared roofing, shipments:!
Total
-.
thous. of squares..
Smooth-surfaced roll roofing and cap sheet—-do
Mineral-surfaced roll roofing and cap sheet...do
Shingles, all types
do
.074
.214
60,077
23,600
29,307
8, 569
i, 359
40
5,081
2,416
CO, 604
23,141
29,918
9, 267
i, 671
51
5,483
2,290
66, 873
24, 761
34, 496
9, 474
1,782
76
5,425
2,118
66,058
23, 885
34, 504
9,871
2,115
87
5. 317
2,006
62,126
23, 234
31, 067
10,122
2,217
80
5,037
2,047
55,492
20, 915
27,388
9, 251
1,973
89
4, 448
1, 937
61,899
24,385
29,910
9. 563
1,866
93
4,619
2,309
61,160
23, 216
30, 573
9,223
1,765
87
4,487
2,561
65,191
24, 668
32,945
9, 529
1,872
79
4,869
2,649
64, 345
25, 260
31, 445
9,501
1,752
109
4,940
2,619
67, 445
26,000
33,921
9, 558
1, 928
106
5,229
2,839
69, 707
26, 733
35, 346
9,821
2,085
108
5,774
65,489
38.146
9,085
3,985
68,039
41,613
8,766
3,959
78,091
47,585
8,449
4,325
89,360
56, 784
8,316
4,322
94,115
63, 203
8,279
5,034
96, 293
63, 999
8,543
5,843
95,186
63, 532
8.975
6,658
90, 444
58,605
8,300
6, 982
85,801
53,893
8,159
7,004
83, 726
50,911
8, 245
7,343
79, 384
48, 077
8,394
7,334
78, 833
47, 347
7,912
6,943
5, 254
815
6, 775
605
7, 013
505
9 830
'423
11,176
586
9, 608
'370
8,006
'393
5 995
'655
6,338
'782
5,185
1,566
5 339
'976
4,321
767
.068
5,858
8,082
.066
6, 447
7,564
.066
7,564
7,355
.066
8,543
6,212
.060
9,688
4,666
.070
9,506
4,304
.070
9,852
4,981
.070
8,396
6,097
.070
8,887
7,912
.070
8,376
9,063
.071
8,435
10, 490
.074
8,179
12,382
2,327
453
2,577
297
2,532
571
2,606
517
2, 689
775
2,275
603
2, 562
1,225
3,061
721
2,866
1,131
2,715
1,054
3,049
910
3,236
1,135
.160
3,128
6,840
.160
3,265
7,221
.160
3,485
7,595
.160
3,312
7,773
.160
3,395
7,694
.160
3,159
7, 966
.160
3,786
7,951
,160
3,693
7,852
.160
3,722
7,565
.160
3,839
7,635
.160
3,620
7,293
.200
4,096
7,030
23. 612
662,900
524,200
7,864
650,000
503,100
30, 040
564,400
658,400
3/6
491,100
692, 700
9,065
459, 500
786, 500
665
479,300
889, 600
9,925
540, 500
948,400
8,985
447
592, 700 711,800
986,200 1,023,100
8,588
738, 200
907, 600
9,052
851,800
819,600
18,772
871, 300
691,800
54,040
84,280
58,240
84,280
66,640
83,160
63,840
82,040
65, 520
80,640
64,960
81.480
77, 280
85,400
68,040
80, 920
67,760
77,280
65, 520
81, 760
60,480
73,920
69,160
73, 360
4,076
1,112
1,186
1,778
4,665
1,269
1,350
2,045
4,347
1,147
1,299
1,901
3,314
892
937
1,484
4,563
1,350
1,226
1,987
4,060
1,229
1,073
1,759
4,680
1,526
1,102
2,052
5,151
1,696
1,224
2,231
5,168
1,746
1,076
2,346
5,045
1,575
1,099
2,371
5,191
1,624
1,098
2,469
5,535
1,836
1,131
2,568
12,792
31,757
180,088
16,914
28,109
182,831
17,867
6,262
170,763
16,466 r 21,998 •" 28,405
9,545
21,627 35, 731
176, 768 169,490 185,580
56,112
74,214
63,770
70,703
5, 675
5,403
17, 726
6,430
12,931
46, 593 56,089
60,363
51,848
66,014
203, 454 177,051 144,427 115,310 101,510
70,914
13,144
66,044
93,447
54, 562 r 61, 486
5,367
3,166
2,188
63, 388 63,176 64, 300
94, 095 101, 007 103,076
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption^.-.
_
Imports, including latex and Guayule§
Stocks, end of monthf
Synthetic rubber:*
Consumption
Exports
Production
_..
_
Stocks, end of month
_.
Reclaimed rubber:^
Consumption
Production
Stocks, end of month
TIRES AND TUBES
Pneumatic casings:§
Exports.
Production
Shipments..
Original e q u i p m e n t
Stocks, end of m o n t h I n n e r tubes:§
Exports
Production-_
Shipments
Stocks, end of m o n t h
_._
long tons..
do
_do
..do
do
...do
___do
.do
do
do
5,799
11,164
111,385
7,206
11,606
118,085
63, 774
108,908
45,479
3,839
63, 754
239,683
58,667
56,227
1,621
8,024
47, 317 48,634
226, 550 214,289
23, 732
23,981
35,412
17,365
17, 246
32, 439
22,185
22, 044
31,103
20, 263
20, 560
30, 541
19, 590
20,632
28,155
22,031
24,458
29,099
20,702
23,187
30,216
22,075
25,136
31,436
22,396
23,930
31,732
22,162
25,322
33,554
21, 725
24,882
35, 295
94
3,421
3,438
347
2,C42
90
4,680
4,471
636
2,515
111
5,801
5,468
476
3,487
6,621
730
3,392
196
6,883
6,989
1,105
3,304
245
7,061
7,032
1,259
3,377
235
6,036
6,134
925
3,309
248
5,985
6,247
1,529
2,890
264
7,054
6,825
1,684
3,006
83
93
4,825
4,286
378
3,077
99
96
5,973
5,547
576
3,338
do
do—
do
do
64
4,740
4,373
450
2,352
60
206
do...
do
-do—
3,152
3,155
2,732
4,220
3,885
3,022
4,222
4,003
3,252
3,955
3,639
3,627
5,296
4,286
4,048
108
4,874
4,386
4,418
155
5,840
5,649
4,519
169
6,114
6,079
4,190
6,463
6,278
4,373
219
5,710
5,700
4,377
203
5,702
5,959
3,954
208
7,032
6,931
3,929
143,919
161,776
151, 292
147,807
140,813
161,631
31,133
199," 581
58,679
.thousands...do
„
_
.
7,575
8,185
12, 213 14,045
117, 543 118,715
10,131
10,355
19, £95 33,008
133,294 157,977
21, 350 ' 24, 566
22, 619 25, 798
35,603 ' 35, 742
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams.. 150, 726
99,700
98,121
100,311
97,395
115,440
129,204
PORTLAND CEMENT
9,826
9,635
12,091 14, 489
Production
.thous. of bbl_. 16, 450
11,104
15, 420
10,705
9,772
9,250
11, 305
12,650
16,213
Percent of capacity
_
83
50
64
73
75
50
55
59
79
55
54
48
47
11,211
14, 564 r 16, 249
13,303
Shipments
thous. of bbL- 17,153
10,342
6,112
15,369
17, 955
7,391
7,853
12, 718
16,066
Stocks, finished, end of month . . . __„_
do
8,605
12, 385
14,595
12,763
16,423
15,972 11,957 ' 11,894
18,653
20,034
11, 064 r 9, 308
18,651
3,904
4,109
Stocks, clinker, end of month
_
do
4,572
6,013
4,983
5,304
5,824
5,111
4,022
4,463
4,788 ' 4, 580
6,330
' Revised. cfSee note in April 1946 Survey.
.Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 for exports and January 1942-February 1045
for other series will be published later; revisions for production, shipments and stocks of pneumatic casings for March-June 1945 and inner tubes for March-July 1945 will also be
shown later.
^Includes natural gasoline, cycle products, and liquefied petroleum gases at natural gasoline plants, and benzol. Sales of liquefied petroleum gases for fuel and for chemicals
and transfers of cycle products, shown separately above, are deducted before combining the data with straight run and cracked gasoline to obtain total motor fuel production.
^Data are from the Civilian Production Administration and continue similar series from the Rubber Manufacturers Association published in the 1942 Supplement; the coverage
is complete. Data for November 1941-February 1945 will be published later.
•New series. Exports are from the Bureau of the Census; other series are compiled by the Civilian Production Administration and the coverage is complete. Data prior to
March 1945 will be shown later.
fSee
note marked "f" on p. S-36 regarding revisions in the indicated series for petroleum products. Data for asphalt roofing have been published on a revised basis beginnfne in
the April
1945 Survey; see note in that issue. %
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
1946
1945
September
SepNovem- Decemtember October
ber
ber
November 1946
1946
January
February
March
April
May
June
July
August
STONE, CLAY, AND GLASS PRODUCTS—Continued
CLAY PRODUCTS
Brick, unglazed:
I
Price, wholesale, common, composite, f. o. b. plant
i
dol. j>er thous.. I 18.519
Production*
thous. of standard briek.-j
Shipments*
do
!
Stocks, end of month*
_.
do,...'
Unglazed structural tile:*
Production___
short tons
Shipments.—
do...
Stocks.
_
_-.do_. "IVitrified clay sewer pipe:*
Production
.do...
Shipments
do...
Stocks
do...
17.051
17.081
263, 441 238,668
258, 591 216,658
160,563 181,158
17.196
271,639
271,601
179,875
17.213
279, 265
271,763
188,343
17.328
336,647
335,804
188,346
17. 932 18. 074
17. 399 17.646
368,587 356,343 360, 998 r486,177
361,128 340,033 338, 154 r 452, 655
196,460 2.11,290 229,119 269,036
62,046
61, 549
54,429
70,114
75, 298
67,059
70,102
46,434
84,506
82,932
46,074
88,610
94,031
40,484
93,758
92,923
41,345
95, 203 r 118, 789
91, 343 117,603
47,497 56, 357
71, 055 84, 021 54,904
71, 927 73,801
80, 222 72, 585 62, 329 78,084 50,174
121, 270 119,196 128,470 137,583 142,248
56,113
54,267
145,937
64,400
67,941
142,146
90,385
95,641
135,291
91, 486 '"108,621
97. 692 104, 792
129, 706 r134,429
16.036
210,210
211,088
172,832
16.881
250,467
267,775
158,800
62, 406
69,488
64, 423
67, 835
73, 779
59, 469
60,105
71, 070
127,858
71, 471
74, 974
53,844
GLASS PRODUCTS
Glass containers:t
Production
..
thous. of grossShipments, domestic, total
—do
General use food:
Narrow neck, food
.
.do
Wide mouth, food (Incl. packers tumblers) do
Beverage
-do
Beer bottles...
—
do
Liquor and wine...
-_.
.—do
Medicinal and toilet
—
do
General purpose (chem., household, Indus.)_.do
Dairy products
-do
Fruit jars and jelly glasses
do
Stocks, end of month
do
Other glassware, machine-made:
Tumblers; t
Production.,
_
thous. of doz_.
Shipments
-do
Stocks
do
Table, kitchen, and household ware, shipments f
thous. of doz—
Plate glass, polished, production
.__thou8. of sq. ft_.
9,814
9,633
8,695
8,743
9,885
8,978
8,668
8,C03
7,968
9,890
9,644
8,985
8,847
9,872
9,614
9,555
9,425
8,982
9,235
8,991
8,680
9, 426
9,001
1,309
2,864
529
460
1, 216
2,051
582
314
309
3,942
1,170
2,420
450
744
865
1,963
687
305
139
3,835
871
2,998
607
719
1,123
2,109
838
337
90
3,815
592
2,707
605
624
1,126
2,006
742
312
52
3,857
561
2,533
467
564
1,087
1,773
648
302
34
4,331
679
3,041
415
801
1,161
2,355
752
353
89
4,392
615
2,775
399
801
1,152
2,052
667
317
67
4,294
725
2,904
524
791
1,156
2,229
772
342
171
4,287
773
2,905
566
546
1,159
2,143
268
4,140
824
2,844
558
389
1,008
2, 223
729
315
345
3,643
2,502
653
415
1,059
1,899
663
280
346
3,729
3 2, 553
595
374
1,146
1,975
676
284
3 437
3,911
6,711
6,078
5,352
5,826
5,786
4,551
6,653
6,458
4,876
6,153
5,377
5,640
5,682
5,925
5,281
5,753
5,516
4,882
6, 465
6,138
4,879
7,770
7,672
5,007
6,935
7,416
4,410
5,978
6,706
3,937
7,389
6,347
4,920
r
6, 070
5, 984
' 4,997
3, 645
21,142
2,867
10,354
3,103
7,335
2,968
543
3,203
429
4,402
4,355
3,681
4,153
19, 292
4,100
18,515
4,513
18,863
3,847
16, 316
3, 553
18, 409
717
347
GYPSUM AND PRODUCTS
Crude gypsum:
Importsd"
Production
Calcined, production.
Gypsum products sold or used:
Uncalcined
Calcined:
"For building uses:
Base-coat plasters
Keene's cement
All other building plasters
Lath
Tile
Wallboarde.
Industrial plasters
short tons..
do
do
180,257
959,097
628,871
233,059
1,087,495
701,797
42, 721
1,143,238
828,731
300,815
1,306,845
946,851
--do
276,969
340,697
358,643
408, 263
174,497
3,591
54,580
145,356
4,717
374,430
52,485
204, 791
4,
69,614
206,823
fi,047
365,183
35,660
265, 675
6,589
85,952
242,917
5,164
408,149
48,668
331, 237
8,655
91, 524
281, 750
4,055
443, 327
52, 320
do
do....
do
thous, of sq. ft—
do....
-do—
short tons.-!
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs..
Shipments
do
Stocks, end of month
_
....do
13,179
13,511
17,952
11,042
10,803
12, 609
12,450
12,008
12,886
11,443
10,704
13, 551
9,137
14, 355
13,131
12,751
14,678
12, 235
11,938
14,919
12,976
12,613
15,225
811,218
293,166
35,899
747,748
250,482
25,845
.230
804,290
318,948
39,609
13,985
13, 344
16,178
12,968
13,118
15,971
11,968
11,008
16,932
812,749 '871,470
317,633 456,671
42,852
30,767
.241
.236
792,317
409, 926
r 15,862
.260
729,603
366, 510
' 27, 694
.308
.292
.334
13,067
12,643
15,592
COTTON
Cotton (exclusive of linters):
Consumption^....
bales.. 818, 449
ExportscTT
do
Importscfi
do
.353
Prices received by farmers!
_
dol. per lb._
l
Prices, wholesale, middling, H%", average, 10 markets
.369
dol. perlb.Production:
2, 334
Ginnings§
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales- 2 8,724
Stocks, domestic cotton in the United States, end of
month:t
4,280
Warehouses
...thous. of bales.
1,865
Mills
-....
do....
Cotton linters:
Consumption
do
72
Production
_
do....
Stocks, end of month
do
289
700,444 •759,763
244, 318 194,616
21, 792
57, 595
743, 225 '651,931
297,020 •215,219
19,199
9,823
.228
.225
.245
.239
7,728
7,383
.217
.223
.225
.231
2,178
5,152
' 8, 249
' 1,688
9,145
1,850
10,556
r 2,139
'10.450
' 2,312
166
333
84
171
408
134
451
.224
.258
.227
.247
.268
8,027
18,813
.277
.274
162
»9,016
77
' 73
274
r
2,295
' 9, 332
' 2, 3C6
' 8, 547
2,319
7,534
2,311
r
6,340
'2,238
' 5, 320
2,179
4,414
' 2,179
'97
140
475
'90
88
482
95
71
480
'90
49
457
85
31
443
'84
16
94
13
347
1
s
••Revised.
T o t a l ginnings of 1945 c r o p .
2 October 1 e s t i m a t e of 1946 crop.
P a c k e r s t u m b l e r s included w i t h fruit jars a n d jelly glasses for J u l y a n d A u g u s t 1946.
§ T o t a l ginnings t o e n d of m o n t h i n d i c a t e d .
^ Revised figures for A u g u s t 1945 (bales): C o n s u m p t i o n , 738,449; exports, 188,214; i m p o r t s , 14,761.
<? D a t a c o n t i n u e series published in t h e 1942 S u p p l e m e n t b u t s u s p e n d e d during t h e w a r period; d a t a for October 1941-February 1945 will be p u b l i s h e d later.
© I n c l u d e s l a m i n a t e d board reported as c o m p o n e n t board; t h i s is a n e w p r o d u c t n o t produced prior t o S e p t e m b e r 1942.
X F o r revised figures for cotton stocks for A u g u s t 1941-March 1942, see p . S-24 of t h e M a y 1943 S u r v e y . T h e total stocks of A m e r i c a n cotton in t h e U n i t e d States o n J u l y 31,1946,
including stocks on farms a n d in t r a n s i t , were 7,522,000 bales, a n d stocks of foreign cotton in t h e U n i t e d States, 153,000 bales.
t Revised series. See n o t e m a r k e d " t " on p . S-34 of t h e J u l y 1944 S u r v e y regarding changes in t h e d a t a on glass containers a n d c o m p a r a b l e figures for 1940-42; d a t a for J a n u a r y October 1945 were compiled b y t h e W a r P r o d u c t i o n B o a r d ; s u b s e q u e n t d a t a are from t h e B u r e a u of t h e C e n s u s . D a t a for t u m b l e r s h a v e been revised to include d a t a for 8 c o m p a n i e s
a n d for t a b l e , k i t c h e n , a n d household w a r e t o include 6 companies; c o m p a r a b l e d a t a beginning J a n u a r y 1944 will be s h o w n l a t e r . T h e farm price of cotton h a s b e e n revised for A u g u s t
1937-July 1942; for revisions see n o t e m a r k e d " t " on p . S-35 of t h e J u n e 1944 S u r v e y .
„ .
• N e w series. D a t a are compiled b y t h e B u r e a u of t h e C e n s u s a n d cover all k n o w n m a n u f a c t u r e r s ; d a t a beginning S e p t e m b e r 1942 for brick are s h o w n o n p . 24 of t h e i e b r u a r y
1945 issue; d a t a beginning t h a t m o n t h for o t h e r series will be published later.
SUEVEY OF CUEEENT BUSINESS
November 1946
1945
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the Septem- SeptemDecemOctober Novem1942 Supplement to the Survey
ber
ber
ber
ber
S-39
1946
January
February-
March
April
May
June
July
August
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURERS
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
production, quarterly*...
mil. of linear yards.
Cotton goods finished, quarterly:*
Printed
Exports§
2,267
2,296
49, 031
7,610
68,789
5,934
1,555
778
457
320
62, 756
2,920
59, 618
3,131
60,474
2,532
1,734
840
478
416
71,472
4,840
65,154
7,100
73,107
4,205
1,785
877
465
442
68,306
3,551
57, 503
5,176
3,581
27.40
. 323
.140
.172
22.41
.216
.092
.117
21.85
.223
1099
.120
21.16
.223
.099
.120
20.61
.223
.099
.120
20.68
.223
.099
.120
19.49
.223
.099
.120
22.57
.248
.110
.133
23.09
.256
.114
.138
23.73
.256
.114
.138
22.01
.256
.114
.138
« 24.97
.280
.126
.138
25.93
.312
.134
.165
21, 639
9,037
379
114.4
21,912
8,371
352
111.8
21, 722
9,143
383
105.0
21,605
8,672
364
104.6
21, 552
7,733
325
101.5
21,630
9,489
399
110.7
21,629
8,497
357
113.1
21,957
9,103
382
101.7
21,973
9,133
383
109.7
21,958
9,558
401
110.5
21,943
8.787
368
115.1
21,985
8,002
335
95.3
22,019
9,449
396
112.4
.671
.804
.470
.593
.470
.592
.470
.592
.470
.592
.470
. 592
.476
.592
.504
.627
.525
.646
.543
.672
.543
.672
.599
.672
.643
. 756
53.9
14.0
47.9
11.9
3
53.2
15.1
1,000
62,8
14.8
0
50.7
14.5
1,441
55.7
14.0
1,492
60.2
13.3
1,426
58.3
16.8
2,943
56.6
14.8
2,141
56.8
15.9
1,887
51.8
14.1
3,428
51.9
15.6
3,653
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
. 550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
8.9
2.6
6.0
4.8
7.3
4.6
7.7
3.9
7.3
3.1
8.3
4.1
10.0
4.0
9.2
1. 9
9.3
2.3
8.7
2.1
7.3
1.8
8.7
2.2
'8.4
'2.3
354, 498
350,609
48,699
232,870
69, 040
do
WOOL
Consumption (scoured basis) A
Apparel class
..thous. of lb..
Carpet class
..... - - do .
Imports§
do___
Prices, wholesale:
Raw, territory, 64s, 70s, 80s, fine, scoored*..dol. per lb..
Raw, bripht fleece, 66s. greasy*
_
do
Australian, 64-70s, good top making, scoured, in bond
(BostonH
...
.
dol. per lb—
Stocks scoured basis end of mo totalt
thous oflb
Wool finer than 40s, total
do
Foreign
2,062
1,428
723
459
246
67,951
9,452
do
thous. of sq. yds.
Prices, wholesale:
Mill margins
- —
.cents per lb_.
Denims, 28-inch
dol. per yd.
Print cloth, 64 x 66c?
.do....
Sheeting, unbleached, 36-inch, 66x66©
do
Spindle activity:%
Active spindles
__.
thousands..
Active spindle hours, total
*
mil. ofhr.._
Average per spindle in placs
hours..
0perations
percent of capacity..
Cotton yarn, wholesale prices:
Southern, 22/1, cones, carded, white, forknitting(mill)f
dol. perlb..
Southern, 40s, single, carded (mill)
do
RAYON AND MANUFACTURES
Yarn and staple fibers:
Consumption:
Yarn
mil. o f l b Staple
fiber
.
do .
Imports§._.
thous. of lb—
Prices, wholesale:
Yarn, viscose, 150 denier, first Quality, minimum
filament
„
.„ dol. per lb.
Staple fiber, viscose, 1H denier
do
Stocks, producers', end of month:
Yarn
.....mil. of lb-_
Staple
fiber
».
do...
Rayon goods, production, quarterly:*
Broad woven ^oods
thous of linear vards
Finished total
do
Plain dved
2,008
do
437,388
441,627
55,148
292,862
93,617
397,368
380,194
43,541
259,718
76,935
r
57. 3
3,369
442,057
454,160
52.129
300,148
101,884
39,004
5,828
39,303
51,540
8,600
58,399
40,332
6,368
60,365
38, 388
7,436
45,988
53,995
10,100
106,619
47,708
9,916
' 78,567
50,424
10,352
113, 543
61,635
11,465
126,519
48,252
9,576
91,793
49,604
10.268
' 73,601
' 50,750
r
9,135
103, 311
49,588
10, 312
89,529
.995
.465
1.190
.545
1.190
.545
1.190
.545
1.03
.485
1.035
.485
1.025
.480
.995
.465
.995
.465
.995
.465
.995
.465
.995
.465
.995
465
.745
.755
443,434
359,935
208,246
151,689
83,499
.755
.755
.758
483, 019
360, 224
211,826
148,398
122,795
.755
.755
.755
491,512
377,658
221,188
156,470
113,854
.747
.745
.745
564,438
420, 537
253,214
167,323
143 901
.745
.745
WOOL MANUFACTURES
Machinery activity (weekly average):1
Looms:
Woolen and worsted:
2,050
2,182
2,183
2,175
2,582
Broad
_
.thous. of active hours..
2,640
2,480
2,486
2,276
2,586
' 2,159
2,605
75
81
Narrow.._ _ _
_
_ _ do _
85
86
72
75
78
78
88
79
68
83
Carpet and rug:*
82
79
78
71
101
95
Broad . .
_.
._ .
.
do. .
83
107
103
98
78
106
50
64
59
67
Narrow
.
do
68
74
79
94
86
84
70
94
Spinning spindles:
105,340
107,360
108,656
105,388
Woolen
_
.
do
109, 462 120,378 122,334 119,955 119,134 123, 986 r gg 191 123 708
95,919 103, 739 100,415
97,801 102, 327 112,677 115,501 114,045 108,463 114.293 ' 89,145 110, 620
Worsted
. . do
193
195
188
186
Worsted combs
,
do
197
226
220
224
214
'220
••177
217
Woolen and worsted woven goods (except woven felts):*
107,
963
124,
501
145,635
Production, quarterly, total...thous. of linear yards—
153,361
87, 818
107,163
125,628
133,169
Apparel fabrics
do
44, 063
44,566
Men's wear
_ _____
do_
53,791
57 427
32,097
49,587
56,144
Women's and children's wear..
do
60 362
11, 658
13,010
15 693
General use and other fabrics
do
15 380
17,977
11,387
Blankets
do
12,336
12 005
2,168
6,951
Other nonapparel fabrics
do. —
7,671
8 187
Wool yarn:
63,504
81,600
Production, total*
thous. oflb..
64,508
62, 240
82,775
74,204
77, 300
94,390
74,716
77,948 r 75,910
77,808
12, 000
Knitting*
._
_
do
14,780
11,700
10,864
14,775
13,460
14,052
17,110
13,764
14,008 ' 15,8S0
13, 532
45,052
45,416
57,321
Weaving* _ .
.
_. do.
43,581
57,272
50,656
52,740
64,650
51,064
52,832 r 52, 425
53,164
6,452
7,392
9,499
Carpet and other*
do
7,795
10,728
10,088
10,508
12,630
9,888
11,108
' 7,595
11,112
Price, wholesale, worsted yarn, 2/32s (Boston)
i. eoo
1.900 I 1.900
1.900
dol. per lb._
1.900
1.900
1.900
1.900
1.900
1.900
1.900
1.900
1.900
» Revised. « See note marked "o*". IData for October 1945, January, April and July 1946 are for 5 weeks; other months, 4 weeks.
• Based on cloth prices for July 24,1946, from "The Textile Apparel Analysis" for first 3 weeks of the month and OPA ceilings for last week.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
c?Data beginning October are for 64 x 60 cloth and continue the series for which prices through June 1943 were shown in the October 1943 Survey (this construction was discontinued during the war period); the price of 64 x 56 cloth was $0,096 for October 1945-February 1946 and $0,107 for March 1946.
©This series was substituted in the November 1943 Survey for the price of 56 x 60 sheeting, production of which was discontinued during the war period.
•Data through August 1945 exclude activity of carpet and rug looms operating on blankets and cotton fabrics.
fRevised series. For 1941 data for the yarn price series, see p. S-35 of the November 1942 issue. Wool stocks have been published on a revised basis beginning 1942 (see p. 8-85
of the May 1943 Survey); data include wool held by the Commodity Credit Corporation but exclude foreign wool held by the Defense Supplies Corporation.
•New series. For data beginning 1943 for production of cotton cloth and a brief description of the data, see p. S-35 of the August 1944 Survey; earlier data will be shown later.
For earlier data for cotton and rayon goods finishing, see p. 23 of the August 1946 issue. Rayon broad woven goods production and wool yarn production are from the Bureau of the'
Census and represent virtually complete coverage; data beginning in 1943 will be shown later. Data beginning 1939 for the price of raw territory wool are shown on p. 24 of the February 1945
Survey.
Data beginning 1936 for the price series for Australian wool, which is from the Department of Agriculture, will be shown later; prices are before payment of duty
For available
data for 1937-43 for woolen and worsted goods production, see p. 19 of the May 1945 Survey.
JAugust 1945 revisions: Active spindles, thousands, 22,144; active spindle hours, millions, 8,789; average hours per spindle in place, 369; operations, percent of capacity 100.4.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
November 1946
1946
1945
Septem- September
ber
October
Novem- December
ber
January
February
March
April
May
5 , 300
r
r
13, 035
6, 301
7, £06
June
July
August
TEXTILE PRODUCTS—Continued
MISC E LLANEOUS
PROBUCTS
Fur, sales by dealers
._ —„
Pyroxylin-coaled fabrics) :$
Orders, unfilled, end of month
Pyroxylin spread-... _
.--Shipments, billed..
.
thous. of dol_.
^> "'lO
thous. lin. yd—
—..thous. of lb._
thous. linear yd—
12. 67C
5, £05
6,119
7, 6^9
5,778 |
6,2C8
8,760
7,274
n, eos
12,038
Cf.86 I
8,485 i
11.P09
G.030
6,864
12, 786
6, 754
8,210
13,137
6,129
7,401
398
7, 973
r
- 339
4, 210
13, 606
6, 811
8, 448
13 182
6, 814
9, 071
13, 468
5, 748
7, 653
13,800
5,651
7,371
7, 322
TRANSPORTATION EQUIPMENT
MOTOR VEHICLES
Exports, assembled, total 1
Passenger cars 1_._
Trucks ^
.
Production:*
Passenger cars
«.,
Trucks" and truck tractors, total
Civilian, total.
Heavy
Medium..
Light
,
Military.,
_
..-.numberdo.__
—do...
.
-
—.do
do__.
..do...
._
do.__
do...
do.__
..do...
5,370
196
5,174
4,331 i
238 '
4,093
7,958
430
7, 526
8,604
824
7,780
10.266
2,962
7.304
12,289
2, 350
9.939
13, 285
4, 001
9,284
18, 999
6,312
12,687
27,017
8,321
18, 696
23,644
7,013
16, 631
23, 694
10,518
13,176
58, 575
54,864
54, 791
6,278
23,956
47, 965
28, 692
28. 594
4,4,0
9, 880
14,244
90,045
39, 359
39, 348
2,433
16, 990
19,925
11
150, 206
81, 282
81, 280
5,802
44, 047
31,431
2
152, 948
74, 650
74, 650
4,823
37, 427
32, 400
0
142, 313
58, 739
58, 739
4,066
18, 608
36,065
0
220,321
93,458
93,458
6,020
49, 504
37, 934
0
239,410
92,014
92,014
6,111
44, 519
41,384
0
580
31, 572
30,106
6,036
17,830
6,240
1,466
16,839
42, 225
40,900
5,654
25,982
9,264
1,325
34,612
53, 634
53,103
5,437
30, 754
16,912
531
30,022
29,542
28,792
5,054
11,132
750
73
3,915
3,244
69
34
2,263
2, €46
2,605
2,361
60
60
2,019
1,689
186
186
2,155
1,674
491
491
3, 474
2,202
494
494
2,411
1,664
2,460
2,325
21
21
4,038
3,181
240
240
3,340
2,816
181
181
2,662
2,094
56
56
3,098
2,570
61
61
1,746
73
4.3
53, 727
37, 213
16, 514
1,769
75
4.4
37,468
31,687
5,781
1,767
70
4.1
37,136
31, 587
5,549
1, 765
69
4.1
35,172
29, 334
5,838
1,760
72
4.3
36, 426
30,911
5,515
1,757
71
4.2
36, 471
29,002
7,469
1,757
74
4.4
37, 572
30, 345
7,227
1,755
75
4.4
38, 650
29,947
8,703
1,753
76
4.5
38,151
29,687
8,464
1,749
83
4.9
35,954
28,184
7,770
1,749
78
4.7
36,058
28,683
7,375
1,748
80
4.7
41,417
34,609
6,808
3,195
8.5
2,562
6.5
2,662
6.8
2,662
6.8
2,555
6.6
2,834
7.3
2,944
7.6
3,075
8.0
3,145
8.2
3,260
8.5
3,179
8.3
3,298
8.7
65
53
12
490
490
0
129
84
45
406
389
17
40
15
25
117
75
42
403
389
14
46
29
17
104
67
37
380
367
13
144
122
22
92
64
28
379
369
10
270
160
110
81
57
24
373
363
10
222
156
66
85
57
28
378
368
10
163
125
38
82
57
25
412
402
10
216
172
44
74
52
22
416
406
10
262
172
90
63
43
20
522
512
10
258
99
159
86
70
16
529
515
14
286
208
78
76
60
16
528
517
14
227
174
53
246
239
7
325
319
195
191
4
159
156
3
146
142
4
148
148
0
154
148
6
219
211
8
266
262
4
273
260
13
258
247
11
X6, UUU
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total.
.
.
number.
Domestic...„
do...
Passenger cars, totaU
do...
Domestici
do...
A ssociation of American Railroads:
Freight cars, end of month:
Number owned.
thousandsUndergoing or awaiting classified repairs...do . .
Percent of total on line
Orders, unfilled
„
carsEquipment manufacturers..
do
Railroad shops..
_
do
Locomotives, end of month:
Steam, undergoing or awaiting classified repairs
number. .
Percent of total on line
_
Orders unfilled:
Steam locomotives, total
-numberEquipment manufacturers
_do
Railroad shops
do
Other locomotives, total*...—
do
Equipment manufacturers*
do
Railroad shops*.
<
.do
Exports of locomotives, totals
do
<
Steam 1
do
Other 1 . .
do.__.
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Exports
-
„
-
numberdo_._
do...
CANADIAN STATISTICS
Physical volume of business, adjusted:
Combined indext—
—
1935-39«100__
Industrial production, combined index!
do
Construction!—.
do
Electric power.. ._
_ _. do
do
Manufacturing!
- Forestry! _
. . . . . do
Mining!
_ _ __ _.
do .
Distribution, combined index!
. doAgricultural marketings, adjusted:!
Combined index
.. . .
do
Grain
.
_ __
. . do Livestock— __
...do—
Commodity prices:
_ do_ .
Cost of living
Wholesale prices
_ -1926=100. _
Railways:
Carloadings
thous. of cars..
Revenue freight carried 1 mile
mil. of tons—
Passengers carried 1 mile
mil. of passengers
125.5
109.1
205.3
223.9
167.9
146. 3
244.1
123.8
160.4
166.8
194.5
210.8
137.2
144.8
231.9
133.2
132.9
160.7
189.9
197.7
201.9
139.7
211.0
135.1
130.6
173.7
193.0
194.5
230.2
141.8
206.3
134.5
114.0
189.8
195.4
193.9
252.5
151.8
202.8
138.4
119.7
198.7
181.2
188.2
254.2
152. 9
197.9
150.7
88.1
166.7
191.4
199.0
441.1
155.6
190.7
146.9
143.5
175.9
192.8
197.9
426.3
164.1
189.9
144.0
142.0
182.3
184.3
189.6
302.6
166.5
186.9
143.2
155.8
173.4
178.9
179.4
204.0
164.5
181.4
128.0
158.7
178.0
180.3
181.1
237.0
168.2
181.2
143.2
155 3
178.6
178.1
175.5
178.6
164.3
180 6
149.0
158 9
183.4
51.3
35.7
119.0
70.6
59.4
136.6
117.1
105.6
166.9
100.0
82.5
176.1
163.7
168.9
140.9
68.8
52.5
139.2
66.0
54.3
117.0
124.6
129.9
101.4
160.5
177.7
86.0
97.1
92.9
115.4
146 6
148.4
138.7
129 9
129.6
131.0
119.9
103.3
119.7
103.6
119.9
• 103.9
120.1
103.9
119.9
104.6
119.9
105.2
120.1
105.6
120.8
108.2
122.0
108.6
123.6
109.1
125.1
109.5
125.6
109.2
300
5,159
569
341
6,495
498
322
5,298
425
272
4,803
465
283
4,644
424
263
4,215
392
302
4,981
412
282
4,156
367
296
3,983
335
291
4,055
420
304
4,048
484
325
' Revised,
X Data for October 1945-January 1946, and April 1946, include converted troop kitchens and troop sleepers.
§ Data for several additional companies are included beginning July or August 1945; see note in the April 1946 Survey for July and August 1945figuresexcluding thes* companies and information regarding an earlier revision in the series; data relate to cotton fabrics prior to August 1945.
^ The export series, except data for total locomotives and other locomotives, continue data formerly published in the Survey but suspended during the war period; "other locomotives" has been revised to include internal combustion, carburetor type, Diesel-electric and Diesel in addition to electric locomotives and the total revised accordingly. The series
mclude railway, mining and industrial locomotives. Data through February 1945 for the revised series and for October 1941-February 1945 for other series will be published later.
•New series. See note in September 1945 Survey for a description of the series on production of trucks and tractors; data beginning 1936 will be published later. Data on passenger
car production are from the Civilian Production Administration and cover the entire industry; there was no production April 1942-June 1945, Data for unfilled orders of "other
locomotives" are for class I railroads and mclude electric, Diesel-electric, and Diesel; data beginning 1939 will be shown later.
!Revised series. The Canadian index of construction has been shown on a revised basis beginning in the August 1945 Survey, the mining index beginning in the April 1944 issue,
and the other indicated indexes beginning in the December 1942 issue; see note in April 1946 Survey for the periods affected.
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
Pages marked S
Abrasive paper and cloth (coated)
37
Acids....^!.
.
..
23
Advertising
6, 7
Agricultural income, marketings
1
Agricultural wages, loans
14,15
Air mail and air-line operations..
7, 23
Aircraft
2,10,11,12,13,14
Alcohol, denatured, ethyl, and methyl
- 23,24
Alcoholic beverages
1,2, 26,27
Aluminum
...
33
Animal fats, greases
24,25
Anthracite
2,4,11,12,13,14,36
Apparel, wearing... 4, 6, 7,8,10,11,12,13,14* 38,39
Armed forces
9
Asphalt—
37
Automobiles
1, 2,3,6, 7,10,11,12,13,14,17
15
Banking
27
Barley
34
Battery shipments.
33
Bearing metal
29
Beef and veal.
Beverages, alcoholic
1,2,26,27
Bituminous coal
2,4,11,12,13,14,36
Boilers
33
Bonds, issues, prices, sales, yields
.
18,19
Book publication
35
Brass
.
33
Brick
4,38
Brokers' loans
15,19
Building contracts awarded
5
Building costs
5, 6
Building construction (see Construction).
Building materials, prices, retail trade
4, 7,8,9
Businesses operating and business turn-over .
3
Butter
27
Canadian statistics
16,17,40
Candy
29
Capital
flotations
18
For productive uses..
..
18
Carloadmgs.
22
Cattle and calves
—
28
Cellulose plastic products
26
Cement
1,2,4,37
Cereal and bakery products
4
Chain-store sales
.
8
Cheese
27
Chemicals
1, 2,3,4.10,11,13,14,17, 23, 24
Cigars and cigarettes
.
30
Civil-service employees
.
11
Clay products (see also Stone, clay, e t c . ) . . . 1, 2,38
Clothing
4, 6, 7, 8,10,11,12,13,14,38
Coal
2,4,11,12,13,14,36
Coffee
29
Coke
^
2,36
Commercial and industrial failures
3
Construction:
New construction, dollar value
5
Contracts awarded
5
Costs
6
Dwelling units started
_.
5
Highway
5,11
Employment, wage rates, earnings, hours.. 9,12,14
Consumer credit
15,16
Consumer expenditures
7
Copper
33
Copra snd coconut oil
25
Corn
28
Cost-of-living index
4
Cotton, raw, and manufactures
.
2,
4,10,12,13,38,39
Cottonseed, cake and meal, oil
25
Cranes, electric overhead
34
Crop*
1, 25, 27, 28
Currency in circulation..
17
Dairy products
1,2,3,4,27
Debits, bank
15
Debt, short-term, consumer
.
15,16
Debt, United States Government
17
Department stores, sales, stocks, collections..
8, 9
Deposits, bank
15, 17
Disputes, industrial
12
Distilled spirits
24, 26, 27
Dividend payments and rates
1, 19
Drug store sales
7, 8
Dwelling units started...
__
5
Earnings, weekly and hourly.
14
Eggs and chickens
1, 3 t 4, 29
Electrical equipment
2, 3, 7, 34
Electric power production, sales, revenues
26
Employment estimates
9,10
Employment indexes:
Factory, by industries
10, 11
Nonmanufacturing industries
11
m
Employment, security operations
.„
12
Emigration and immigration
23
Engineering construction
5
Exchange rates, foreign
16
Expenditures, United States Government
17
Explosives
24
Exports
_
20, 21
Factory, employment, pay rolls, hours, wages.
9,
Failures, industrial and commercial...' *. *
Fairchild's retail price index
Z..I.II
Farm marketings and income
Farm
_ 1~S~11Z~S-11
Digitized
for wages
FRASER
* 3
4
1
14
Pages marked S
Farm products, farm, and wholesale prices
3,4
Fats and oils
4, 24, 25
Federal Government,
finance..
17, 18
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks.. . .
15
Fertilizers
4, 24
Fire losses
.
6
Fish oils and
fish
— „ 25,29
Flaxseed
25
Flooring
.
31
Flour, wheat
28
Food products
2,
3,4, 7,10,11,12,13,14,17, 27, 28, 29
Footwear
2,4. 7,8,10,12,13,14,31
Foreclosures, real estate
6
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes and
commodity groups
20,21
Foundry equipment.
•-...--.
34
Freight cars (equipment)
40
Freight carloadmgs, cars, indexes
22
Freight-car surplus
22
Fruits and vegetables
"2,3,4, 27
Fuel equipment and heating apparatus
34
Fuels
2,4,36,37
Furnaces, electric, industrial
34
Furniture...
1,4,10,11,12,13,32
Gas, customers, sales, revenues
.
26
Gas and fuel oils
36
Gasoline
37
Glass and glassware (see also Stone, clay, etc.).
38
Gelatin
24
Gloves and mittens
.
30
Glycerine
24
Gold
16,17
Goods in warehouses
7
Grains
3, 27, 28
Gypsum
38
Heating and ventilating equipment
.34
Hides and skins
4,30
Highways
5,11
Hogs
29
Home-loan banks, loans outstanding
6
Home mortgages.....
.
-6
Hosiery
4,38
Hotels
11,13, 23
Hours per week
.
11,12
Housefurnishings
4, 6, 7,8
Housing..
4, 5
Immigration and emigration
.
23
Imports
20, 21
Income payments
1
Income-tax receipts
...
17
Incorporations, business, new
,
3
Industrial production indexes
1, 2
Instalment loans
16
Instalment sales, department stores
8, 9
Insurance, life
16
Interest and money rates
15
Inventories, manufacturers' and trade
3,8
Iron and steel, crude, manufactures..
2,
3,4,10,11,12,13,17,32,33
Kerosene...
.
.
37
Labor force
9
12
Labor disputes, turn-over.
29
Lamb and mutton
29
Lard
33
Lead.
Leather
1, 2,4,10,11,12,13,30,31
Linseed oil, cake, and meal
25
Livestock
1,3,28,29
Loans, real-estate, agricultural, bank, brokers'
(see also Consumer credit)
6,15,17
Locomotives
40
Looms, woolen, activity
39
Lubricants
37
Lumber
1, 2,4,10,11,12,13, 31,32
Machine activity, cotton, wool
39
Machine tools
10,11,12,13,34
Machinery
1, 2,3,10,11,12,13,17,34
Magazine advertising
7
Mail order houses, sales
8,9
Manufacturers' orders, shipments, inventories.
2,3
Manufacturing production indexes
1,2
Meats and meat packing. 1, 2,3,4,10,12,13,14, 29
Metals__
1, 2,3,4,10,11,12,13,17,32, 33
Methanol
•-..
24
Milk
27
Minerals
2,10,11,12,14
Money supply
.
17
Mortage loans
. 6,15
Motor fuel
36,37
Motor vehicles
7,40
Motors, electrical...
34
Munitions production
2
Newspaper advertising
6, 7
Newsprint
35
New York Stock Exchange
19, 20
Oats
28
Oil burners
.
34
Oils and fats
"4, 24, 25
Oleomargarine
25
Operating businesses and business turn-over..
3
Orders, new, manufacturers'
2
Paint and paint materials
4, 26
Paper and pulp
2, 3,4,10,11,12,13,14, 35
Pages marked S
Paper products
.
...
3$
Passports issued
.
23
Pay rolls, manufacturing and nonmanufacturing industries
12,13
Petroleum and products
2,
3,4,10,11,12,13,14,17.36,37
Pig iron
32
Plywood
32
Porcelain enameled products
33
Pork
29
Postal business
7
Postal savings
.
15
Poultry and eggs
1,3, 29
Prices (see also individual commodities):
Retail indexes
4
Wholesale indexes
4
Printing
2,10,11,12,13,14, 35
Profits, corporation
17
Public assistance
14
Public utilities
4, 5,11,12,13,14,17.18,19, 20
Pullman Company
23
Pulpwood
34
Pumps
*
34
Purchasing power of the dollar
..
5
Pyroxylin coated fabrics.
_
40
Radio advertising
6, 7
Railways, operations, equipment,financialstatistics, employment, wages
11,
12,13,14,17,18,19, 20, 22, 23,40
Railways, street (see Street railways, etc.).
Rayon, and rayon manufactures 2,4,10,12,13,14,39
Receipts, United States Government
17
Reconstruction Finance Corporation, loans
18
Rents (housing), index
4
Retail trade, all retail stores, chain stores,
department stores, mail order, rural sales,
general merchandise
.
7,8,9
Rice
28
Roofing, asphalt
37
Rosin and turpentine.-_
_
24
Rubber, natural, synthetic and reclaimed,
tires and tubes
37
Rubber industry, production index, employment, payrolls, hours, earnings
2,
3,4,10,11,13.14
Savings deposits
.
15
Sewer pipe, clay
38
Sheep and lambs
29
Shipbuilding
2,10,11,12,13,14
Shipments, manufacturers'
2
Shoes—
1,4, 7,8,10,12,13,14,31
Shortenings
——
25
Silver
_
17
Skins
30
Slaughtering and meat packing-. 2,10,12,13,14, 29
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap
.
32
Stocks, department stores (see also Manufacturers' inventories)
9
Stocks, issues, prices, sales, yields
19, 20
Stokers, mechanical
„
34
Stone, clay, and glass products
1,
2,10,11,12,13,14,37,38
Street railways and busses...
11,12,14
Sugar
29,30
Sulphur
24
Sulfuric acid
,.
23
Superphosphate
.
24
Telephone, telegraph, cable, and radio-telegraph carriers
._ 11,12,14,17, 23
Textiles
2,3,4,10,11,12,13,14,38,39
Tile
38
Tin
33
Tires and inner tubes
37
Tobacco...
2,11,12,13,14,30
Tools, machine
10,11,12,13,14,34
Trade, retail and wholesale
7,8, 9,11,13,14
Transit lines, local
22
Transportation, commodity and passenger
22, 23
Transportation equipment
1,
2,3, 9,10,11,12,13,14,17,40
Travel22, 23
Trucks and tractors
40
Turpentine and rosin
24
Unemployment
9
United States Government bonds
17,18,19
United States Government,
finance
17,18
Utilities
4,5,9,12,13,14,17,18,19, 20
Variety stores
.
8
Vegetable oils
25
Vegetables and fruits.
2,3,4,27
Veterans' unemployment allowances
12
Wages, factory and miscellaneous
13,14
War program, production and expenditures... 2,17
War Savings Bonds
17
Warehouses, space occupied
7
Water transportation, employment, pay rolls. 11,13
Wheat and wheat
flour
28
Wholesale price indexes
4
Wholesale trade
9
Wood pulp
4,34,35
Wool and wool manufactures.. 2, 4,10,12,13,14, 39
Zinc
33
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