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OCTOBER 1947
SURVEY OF
CURRENT
BUSINES
UNITED STATES DEPARTMENT OF
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
Survey of
CURRENT
BUSINESS
OCTOBER 1947
VOLUME 27, No. 10
(
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
1
BIfSINESS SITUATION
Foreign Trade Developments
3
Projected Investment in Plant and Equipment.
5
Food Supplies
7
Corporate Profits in the First Half of 1947
9
WAR SURPLUS DISPOSALS
10
MEASURES OF EMPLOYMENT
18
Classification of
Statistical Sections
General business indicators
Business population
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Commodity sections:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Leather and products
Lumber and manufactures.
Metals and manufactures:
Iron and steel
Nonferrous metals and products
Machinery and apparatus
Paper and printing
Petroleum and coal products
Rubber and rubber products
Stone, clay, and glass products.
Textile products
Transportation equipment
STATISTICAL DATA:
New and Revised Series .
Monthly Business Statistics
Statistical Index
(
23
S-l to S-40
Page
S-l
S-3
S-4
S-5
S-6
S-9
S—15
S-20
S-22
S-23
S—26
S-26
S-30
S-31
S-32
S-33
S-34
S—35
S-36
S-37
S-38
S-38
S—40
Inside Baek Cover
1 i OtC—Contents of this publication are not copyrighted and [i
may be reprinted freely. Mention of source will be appreciated. J*
Published by the Department of Commerce, W. AVERELL HARRIMAN, Secretary—Office of
Business Economics, AMOS E. TAYLOR, Director.
statistical supplement, $3 a year; Foreign $4.
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Make remittances
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The
Business Situation
.- BUSINESS 1NDIC/VTX)RS
COMMODITY
PRICES
PERSONAL
INCOME •
220
225
SEASONALLY ADJUSTED,
AT ANNUAL RATE
By the
o
o
Office of Business Economies
200
o
ro
1
175
140
CONSUMERS'
PRICES
©EST.
© PREL.
1 t II i
100
PERSONAL
CONSUMPTION
EXPENDITURES
200
SEASONALLY ADJUSTED,
AT ANNUAL RATE
I 1 I I I IM
150
NONAGRICULTURAL
EMPLOYMENT 1
55
NOT SEASONAL!* ADJUSTED
175
50
o
o
u.
o
o
z
o
(O
z
o
IJ '50
_i
45
CD
Factors in Price Rise
125
I 1 l I i I1 I1 M I 1 I I 1 1 1 M I40
FOREIGN
TRADE _ •
RESIDENTIAL
BUILDING
(NONFARMl
1.5
600
NOT SEASONALLY ADJUSTED
TOTAL
EXPORTS
_
o
o
Business activity moved upward in September under the
influence of both seasonal and nonseasonal factors. The
improvement in trade centered in soft goods lines, reflecting
consumer requirements associated with the opening of
schools and the arrival of cooler weather. Increases in production were widespread, although the post vacation recovery
did not always restore the high output rates achieved earlier
in the year. Employment continued high and, with withdrawals from the labor force as summer jobs were terminated,
the volume of unemployment remained around 2 million
persons.
With this characteristic backdrop of the fall season, attention continued to center on the advance of commodity
prices at both wholesale and retail levels and appraisal of the
resulting impact upon income and sales. In addition to
growing pressure from the demand and cost factors which
have reacted upon prices almost continuously since the lapse
of price control, recent price developments in the farm products and food sectors have been shaped to an increasing
extent by the lower grain supplies in prospect for the 1947-48
crop year. Grains are not only basic to domestic food production but are critically needed in heavy volume in Western
Europe.
I.O
400
o
o
On the demand side, the price trend has been influenced
by (1) the upward trend of personal income, (2) the resumption of inventory accumulation, most noticeable at the
distributive level, and (3) the highlighting of Europe's
relief and reconstruction requirements.
Wage rate increases, a major influence in the income advance, have combined with higher prices for basic materials
to raise production and distribution costs. The higher costs,
in turn, have been reflected in higher finished goods prices.
Farm income has been raised as a result of advancing prices
of farm products. While perhaps initially motivated by the
deterioration of the grain outlook, the rise in farm product
prices was itself nurtured by the consumer income advance.
Underlying Uptrend in Income
200^
GENERAL
O
IMPORTS
-L1--1 1 t 1 I 1 t I I I t 1 1 I L! LI i
1946
1947
* BUREAU OF THE CENSUS SERIES.
758466°—47
1
i \ i i i f i \ i \ \ \ i t i l \ \ \ i 111
1946
1947
47-459
The dip in personal income in August, shown in the accompanying chart, largely reflects declines in livestock and
grain marketings from the high totals of the preceding month.
The underlying tendencies continue on the upside, gaining
support from rising wage rates and higher prices. The
seasonally adjusted annual rate of 194 billion dollars in
August compares with 196 billion in July and an average
rate of 191 billion dollars during the first half of the year.
SURVEY OF CURRENT BUSINESS
Leave Bond Cashing Creates Income Bulge
In September there was a bulge in the income flow as a
result of a new factor: the permissive redemption of terminal leave bonds held by exservicemen. Almost 900
million dollars worth of bonds were redeemed in the first
month—just under half the total amount outstanding. The
rate of cash outgo was slightly below the rate of turn-ins in
1936 when adjusted service certificates, closely comparable
in total value to the leave bonds now being cashed, were
made redeemable beginning in mid-June.
The leave bond cash-ins amounted to approximately 5 percent of total personal incomes in September, but will be of
declining importance in the succeeding months. The limited
information available suggests that the addition to the spendable income of veterans is being used for a variety of purposes—payment of indebtedness, downpayments on homes
or instalment purchase, investment in business, and purchases of personal or household goods.
Inventory Accumulation Resumed
Resumption in August of the postwar inventory expansion
added more than 750 million dollars to the combined book
value of business inventories. The value of manufacturers'
inventories rose by approximately 300
million dollars, retailers' by 350 million, and wholesalers7 by 100 million.
The increase in retailers' stocks followed gradual relaxation
of the stringent buying policies widely adopted by retail
merchants during the first 6 months of the year. This shift
is illustrated by the data on new orders, sales, and stocks reported to the Federal Reserve Banks by a group of 296 large
department stores. During March, April, and May these
stores placed new orders equivalent to about 70 percent of
current sales. During June to August1 the ratio was stepped
up to 130 percent of sales, a better tha ! seasonal rise.
Converse Movements of Exports and Inventories
Exports have exhibited a somewhat converse movement
relative to the inventory trend in 1947. Not only did the
export peak in the second quarter coincide with the slowdown
in inventory accumulation, but the subsequent reduction in
exports was accompanied by a renewal of inventory accumulation. The tendency for these successive movements to have
partly counterbalancing effects is apparent in the over-all
production and employment estimates, although the major
portion of the offset to lower exports in the third quarter is
found in higher personal consumption expenditures.
In July and August, the value of exports, excluding supplies distributed by the Armv in occupied countries, was about
one-fifth below the record figure for May. An analysis of
the export situation appears in the following section of this
review.
Main Outlines of Business Pattern
The introductory chart presents the business highlights of
the most recent period: the rise in prices, personal income,
and consumer spending; the gains in employment and in
construction activity; and the downward adjustment which
has occurred in export trade. With the exception of the
reduction in export volume, these broad movements have
been generally characteristic of business activity during most
of the 2-year period since the end of the war.
In the production sphere, however, the pattern in 1947
provides significant contrasts with the situation in an earlier
stage of the postwar transition. A broad classification of
manufacturing industries according to whether production
was rising, showing little change, or declining in 1946 would
place the reconversion industries in the rising group and
October
most of the others in the group showing more or less stability
on a relatively high plane. A comparatively few industries
essentially those where war production was still being liquidated, would fall in the declining group.
Mixed Production Trends in 1947
A similar classification for 1947 would yield a markedly
different grouping since fewer industries have shown rising
trends of output this year and the industries with declines
are more numerous than in 1946. Even in the reconversion
area the production trend is highly mixed: on the upside are
automobiles, refrigerators, freight cars, and electrical machinery; on the downside, washing machines, vacuum cleaners, and radios. Outside the reconversion group, most
strength has been shown in the building materials industries
and in petroleum and industrial chemicals. The important
steel industry had a high first quarter which it has not
bettered. While most of the heavy industries continue to
carry large order backlogs, supply dislocations and material
shortages have prevented operations at higher capacities.
Among the more important industries where production
has fallen off since the opening quarter of the year are
textiles and clothing, shoes, and nonferrous metals, plus the
aircraft and shipbuilding industries. The downward movement in textiles has been quite marked; cotton consumption,
for example, averaged 32,000 bales per day in July and
August as compared with an average of 42,000 in the first
quarter of the year. More widespread vacation shut-downs,
however, accentuated the summer decline.
Over-all Output Expansion Has Topped Off
The net effect of these divergent trends is not readily
ascertainable in view of the problems involved in measuring
commodity production in a transitional year such as 1947.
The Federal Reserve production index was below the first
quarter average in both durable and nondurable manufactures in the second and third quarters of 1947.
New Statistical Series
The following series have been added to the statistical section (pages
S-l to S-40) beginning with this issue:
Aircraft, shipments and exports.
Asphalt siding and saturated felt, shipments.
Aviation gasoline, production and stocks.
Barley, stocks on farms.
Bone black, production and stocks.
Foreign exchange rates, Belgium, France, Netherlands, Sweden.
Glue, animal, production and stocks.
Gross national product, by principal components.
National income, by distributive shares.
Personal saving and disposable personal income.
Plastic products: cellulose plastics other than cellulose acetate and
nitrocellulose, phenolic and other tar acid resins, urea and melamine
resins, polystyrene, vinyl resins, miscellaneous resins.
Soybean oil, wholesale price.
Year-round hotels, average weekly hours and average hourly earnings.
Discontinued Series
The following series have been dropped from the statistical section:
Anthracite coal, stocks, producers' storage yards.
Canadian statistics.
Cotton yarn, production.
Domestic corporate issues for productive use.
Electric overhead cranes, orders and shipments.
Fairehild's index of retail prices.
Farm marketings and income from marketings, adjusted indexes.
Furniture, plant operations, orders, and shipments.
Loans outstanding of Federal savings and loan associations.
Motor vehicles, production.
National Industrial Conference Board consumers' price index.
New York Times stock prices.
Porcelain enameled products, shipments.
Retail sales, adjusted index eliminating price changes.
Spring washers, shipments.
U. S. war and defense program expenditures.
Water transportation, employment and pay roll indexes.
SUKVEY OF CURRENT BUSINESS
October 1947
The seasonally adjusted index of freight carloadings in the
miscellaneous category (which includes mostly manufactured
products) has moved as follows, with the first quarter 1947
average as 100: second quarter, 97; July, 96; August, 100;
September, 97 (preliminary).
Thus, these two sets of evidence on the over-all production
position suggest that the advances in industries where output
has been rising have not been sufficient to raise aggregate
manufacturing production above the rate in the first quarter
of 1947.
Expansion in Construction Activity
Outside of manufacturing, the construction industry has
continued to turn in better than seasonal results. With
the value of work put in place rising to 1.3 billion dollars
in September, the 9-months total for 1947 exceeded 9
billion dollars and was within 1 billion dollars of the total
value of construction for the entire year 1946. The recent
advances have been largest for residential construction.
Prospects are likely that the fourth quarter volume will
exceed that of the third quarter in view of the rising trend
of residential units started during the summer and the
marked increase in nonresidential construction contract
awards in recent months. The value of private nonresidential contract awards during July and August averaged
one-third above the average for the first half year according
to F. W. Dodge statistics. This advance can be traced to
the lifting of Federal restrictions on nonresidential building
on July 1 of this year in addition to a realization of the fact
that construction costs, which had risen sharply during the
first half of the year, showed no clear evidence of a decline.
Expansion of Gross Investment
The latest quarterly plant and equipment survey, which is
reported in this issue, indicates that business capital outlays
have remained on a high plateau. However, with residential
construction higher and with a larger investment in business
inventories, the gross private domestic investment segment
of gross national product has shown a further increase in the
third quarter.
Table 1.—Changes in Wholesale Prices
Approximate percentage
distribution of total
change
Percentage change
Commodity groups
JuneDec.
1946- March- Sept.
March June
1947
1947 (prel.)
1947
Dec.
1946Sept.
1947
(prel.)
-1.0 +6.2
-2.6 +4.8
-3.5 +10.6
-.8 +8.1
-.5 +1.9
+3.2 + 10.4
+1.9 +6.4
-1.7 +4.1
+11.6
+10.9
+11.8
+5.9
+5.0
+19.4
+12.6
+15.0
100.0
28.5
20.3
-.7
5.4
10.2
8.6
15.4
100.0
14.4
40.3
4.2
2.5
20.2
12.7
4.7
100.0
18.7
26.4
1.9
3.9
21.1
14.3
9.5
+1.2
+.5
+.4
-3.3
+8.0
+3.9
1.6
1.8
8.9
.3
.2
.5
-.5
1.6
3.1
All commodities
+6.1
Farm products
+8.6
Foods _
+4.7
Hides and leather products.. _ -1.2
Textile products
+3.6
Fuel and lighting materials... +4.8
Metals and metal products. _. +3.9
Building materials
+12.5
Chemicals and allied prod+5.2
ucts
_
Housefurnishing goods
+4.7
Miscellaneous
__ _
+5.9
-9.1
+2.7
-2.3
Dec. June1946- Sept.
March 1947
1947 (prel.)
Dec.
1946Sept.
1947
(prel.)
Source: Computed by U. S. Department of Commerce, Office of Business Economics,
from price indexes of U. S. Department of Labor, Bureau of Labor Statistics. Preliminary
estimates for September prepared by Office of Business Economics on the basis of the weekly
price series of the Bureau of Labor Statistics.
Prices Advance Along Broad Front
The pattern of price changes by commodity groups which
emerged during the third quarter is different from the pattern
in earlier months of the year. As shown in table 1, the allcommodities wholesale price index rose by approximately 6
percent in both the first and third quarters, with the intermediate period showing a small decline. During the 3
months ending in September the advance proceeded on a
broad front, with the fastest moving commodity groups being
foods, fuel and lighting materials, hides and leather products,
and metals and metal products. In the initial quarter of
1947, building materials and farm products took the lead in
the price advance.
The computations in the table showing the approximate
percentage distribution of the increase in the total index
indicate the changing role of the various commodity groups.
In the latest quarterly period 40 percent of the rise could
be assigned to food products, 20 percent to fuel and lighting
materials, and 13 percent to metals and products.
Foreign Trade Developments
result solely of the increasing shortage of gold and dollar
The value of exports, including the value of civilian supexchange.
plies distributed by the Army in occupied countries, has
declined by about one-sixth from the peak annual rate of
over 18 billion dollars reached in May 1947 (see table 2). Table 2.—United States Exports, Including Reexports, and Civilian
Supplies for Occupied Areas, at Annual Rates
The figures for July and August were below the average rate
[Millions of dollars]
for the first half of the year. The decline has been spread
about evenly among all continents and—with the exception
Jan. -June May 1947 July 1947
Area
1946
1947
of the United Kingdom where the increase prior to May was
much smaller than the rise of total exports—has affected
Sixteen countries participating in the
our trade in varying degrees with all major countries.
Paris Conference, and Western GerDemand Falls in Dollar Surplus Areas
Exports to countries which were not affected by destruction of productive facilities or loss of paying markets, and
where, therefore the scarcity of gold and dollar assets is not
an immediate problem—like Switzerland, Cuba, Venezuela,
and South Africa—have followed the same trend as exports
to the other countries. This is borne out by the fact that
the decline since May for these four countries was about 16
percent as compared to 19 percent for all countries (see
table 3), and indicates that the over-all decline was not the
many:
Recorded exports
Civilian supplies _
3,279
262
5, 158
443
5,460
571
4,488
681
Total
Other Europe.
...
Asia and Oceania, exluding Turkey:
Recorded exports .
Civilian supplies _ _ _ _ _ _
3,541
868
5,601
590
6,031
900
5, 169
492
1, 423
188
2, 252
364
2,508
421
2,268
561
TotalNorth America, excluding Iceland
South America
Africa
1,611
2,532
1, 152
488
2,616
3,842
2,440
824
2,929
4,248
2,868
1,044
2,829
3,528
2,256
792
10, 192
15, 913
18, 020
15. 066
Total, all countries
Sources: Bureau of the Census and Clearing Office for Foreign Transactions, Office of
Business Economics.
SUEVEY OF CUR-RENT BUSINESS
The decline of exports to the four countries mentioned
above was most pronounced in cotton and textile products,
machinery and vehicles, and food products. The decline
in the last-mentioned commodity group may be ascribed to
seasonal factors; the same applies partly also to raw cotton.
The decline in exports of cotton manufactures, machinery
and vehicles, and other semifinished and finished manufactures to these countries can probably be ascribed to a
October 1947
gradual satisfaction of the demand, or to the rehabilitation
and development of sources of supply for these products in
other countries. With the exception of food products and
chemicals, the relative decline of exports to the four countries with sufficient reserves was less than the decline of
exports in the same commodity groups to all countries (see
tableS).
Table 3.—United States Exports to Selected Countries, May and July 1947 l
[All money figures in millions of dollars]
Four countries with sufficient
gold
and dollar reserves 2
Food
Textile fibers End manufactures
Non-metpllic minerals
Motels and manufactures
A/[achinery and vehicles
Chemicals and related products
Other
- -- ---
-
Total exports
_ ._
May 1947
July 1947
24.2
23. 6
6.9
15.3
43.4
7.7
19.1
18.4
15.8
6.7
15.0
38.3
6.6
16.5
140.2
117.3
Percent
change
Two countries with insufficient
gold
and dollar reserves 3
May 1947
July 1947
-24.0
-33.1
-2.9
-2.0
-11.8
-14.3
-13.6
38.1
16.2
24.3
7.5
34.0
5.4
8.1
17.3
4.6
21.9
6.4
26.1
4.3
10.2
-16.4
133.6
90.8
Percent
change
All countries, excluding civilian
supplies
Percent
change
May 1947
July 1947
-54.6
-71.6
—9.9
-14.7
-23.2
-20.4
+25. 9
223.8
189.5
149.2
127.7
463.5
78.0
176.8
182.7
125. 9
130.6
113.1
363.7
69.8
153.3
-18.4
-33. 6
-12. 5
-11.4
-21.5
-10.5
-13.3
-32.0
1,408.5
1,139.1
-19.2
12 Exports excluding reexports.
Cuba, Venezuela, Switzerland, Union of South Africa.
3
France, Italy.
Source: Bureau of the Census.
Equipment Exports Stay High
The probability that the decline of foreign-owned gold
and liquid-dollar assets accentuated the export decline is
indicated by the data for France and Italy which are among
the countries most affected by a lack of dollar exchange.
Three-fourths of the decline of exports to these countries was
concentrated in foodstuffs, raw cotton, and textile products,
as compared to less than 40 percent in the same commodity
groups for all countries. Even though the decline of exports of those commodities was partly seasonal, the fact
that these tw^o countries reduced their purchases of these
products relatively more than the other countries would indicate that reductions of our exports on account of foreign
inability to pay would affect not only durable goods but also
foodstuffs and such essential raw materials as cotton.
Exports of metal manufactures, including machinery and
vehicles, to Italy and France showed a much greater stability
than exports of foodstuffs and textiles. A large part of these
durable goods was ordered many months earlier and financed
through credits. As long as credits earmarked for the purchase of specific commodities are available, exports of these
commodities would not be affected by a decline of gold and
dollar reserves. The limitations of foreign purchases caused
by such a decline would, therefore, have to concentrate upon
other commodity groups. When the credits for the purchases
of equipment and other durable goods are used up, however,
exports of such goods are likely to decline immediately.
Europe Key to Trade Problem
Large payments for imports of goods and services as
compared to cash receipts for exports, and the consequent
exhaustion of gold and dollar reserves, are not only a problem
of the former belligerents in Europe but also of countries in
the Western Hemisphere which were far removed from the
immediate battle areas. As was demonstrated in the preceding issue of the SURVEY (table 8, p. 8), the countries of
the Western Hemisphere liquidated 0.5 billion dollars of
their gold and dollar reserves during the second quarter to
meet their obligation in this country. In addition, however,
they were also able to use 0.3 billion dollars which they
obtained by selling merchandise to Europe. At this time,
therefore, the large import demand and limited export
potentialities in Europe, and particularly Western Europe,
represent the key to the dollar problem for the world as a
whole.
Trade Shifts Raise Dollar Deficit
To meet the expected crisis, 15 European countries and
Turkey responded to Secretary Marshall's speech of June 5
at Harvard University by submitting a program of economic
cooperation for themselves and Western Germany. In this
document they indicated their plans for rehabilitation and
estimated their material and financial needs from external
sources during the next four years to accomplish their goal.
These plans are now in the process of being closely studied
and evaluated by various Government committees and
agencies.
The largest part of the balance-of-payments deficit of these
countries, as computed by the Committee, is their trade
deficit with the United States as illustrated for 1938 and 1948
in table 4. In the first half of 1947 this deficit, including
civilian supplies distributed in Germany and Austria, was
at an annual rate of 4.9 billion dollars as compared to 0.5
billion during the years 1936 to 1938 and an estimated 5
billion dollars for 1948.
There are several reasons for the increase of the postwar
deficit in addition to the immediate effects of the destruction
of productive and other facilities. Price changes alone
account for more than half of the total increase of the deficit
as compared with the prewar period. The 1947 harvest was
very small and in the case of bread grains was estimated
at
less than two-thirds of the 1934 to 1938 average.1 In addition to these factors, the reliance of Western Europe on imports from the United States was increased by the unavailability of supplies from some of the prewar sources. Table
5 indicates that dislocations of trade accounted for a large
share in the increase of our exports to Western Europe.
It can be expected that within a reasonable time productive
facilities in Western Europe will be rehabilitated and the
agricultural production will return to normal. If the former
trade channels are not reestablished, however, the balancei General Report of the Committee of European Economic Cooperation, Volume I, p. 72.
SUKVEY OF CURRENT BUSINESS
October 1947
Table 4.—Balance of Payment Estimates for the 16 Countries Participating in the European Economic Conference (Marshall Plan
Countries), and Western Germany
[Billions of dollars]
have to raise their own exports to the United States from
an annual rate of .7 billion dollars during the first half of
1947 to 1.5 billion in 1951.
Paris Report and Current Exports
19381
1948
With
With
other
other nonparWestern
hemiting
sphere countries
Total
With
United
States
Total
With
United
States
6.6
4.6
1.2
.5
13.8
6.4
5.9
.8
3.2
1.3
Deficit on visible trade
2.0
Income (— ) or expenditures (+) on
income on investments and services. —1.5
.7
7.4
5.1
1.9
.4
Imports f. o. b
Exports
-- -
5
Total deficit
Deficit of dependent territories
1
.2
.6
.0
—.4
7 6
5 7
19
o2
.7
Total deficit of 16 participating
countries, including their dependencies and Western Germany
4.7
4.3
.5
In case the countries represented at the Paris Conference
and Western Germany are able from their own financial
resources and through aid from the United States to import
the full amount from the United States as outlined in their
report, our total exports in terms of constant prices to these
countries would not be materially higher than during the
first half of 1947 (see table 6). Price rises which took place
since June may, however, increase the dollar totals.
Table 6.—Program of Imports From the United States of the 16
Countries Participating in the Conference on European Economic Cooperation, and Western Germany, as Compared to Their
Actual Imports During the First Half of 1947.
[Billions of dollars]
8.3
.2
8.1
First half
of 1947
annual
rate 1
Including all Germany.
Sources: General Report of the Committee of European Economic Cooperation, Paris'
September 21, 1947, published by the U. S. Department of State; 1938 Trade With United
States, Bureau of the Census.
Table 5.—Imports of Western European Countries by Source
[Percent]
From all
countries
1938
From
From
From
From
other Western European countries
the United States
Eastern Europe _ _ .
_.
all other areas
Total imports
.
1946
Food and fertilizer.
Coal
Petroleum and products
. Iron and steel
- _ __ _
Timber
Equipment
Other (mostlv raw materials) _ ._
From countries outside
Western Europe
1938
39.3
10.9
10.3
39.5
33 9
24.0
2.9
39.2
18.0
17.0
65.0
100.0
100.0
100.0
1946
36.4
4.4
59.2 }
100.0
1948
42.7
57.3
100.0
Sources: Data for 1938 and 1946: Office of International Trade, Department of Commerce; estimates for 1948, see table 4.
of-payments deficit of Western Europe cannot be eliminated,
unless new outlets can be established for Western European
products in the United States and other non-European
countries or unless Western European imports are reduced.
According to the report of the Paris Conference, the share of
the United States in total imports of the 16 represented
countries and Western Germany is expected to decline from
43 percent in 1948 to 30 percent by 1951. In order to
balance their international accounts, these countries will
__
__ __
_ _ . ___
Total
1.79
.27
.26
.23
.05
1.30
1.67
5.57
In prices of June
1947
1948
1.5
.3
1951
Totals for
four
years,
1948-51
.4
.1
1.4
1.8
1.2
.05
2.55
.3
.1
.8
1.3
5.4
.7
2 2. 2
1.2
0.4
4.5
6.0
6.0
4.3
20.4
2.5
1 Includes civilian supplies distributed by the Army in Germany and Austria.
Includes purchases from other dollar areas.
2
Source: 1947 annual rates, computed by Office of Business Economics from data compiled
by the Bureau of the Census; 1948-51, see source to table 4.
In the composition of our exports to the countries included
in the Report on Economic Cooperation, foodstuffs are
expected to decline, and in fact be smaller in 1948 than they
were during the first half of 1947. On the other hand,
exports of durable goods, fuels and some raw materials arc
expected to rise. In the long run, as indicated by the
estimates for 1951, if the recovery program as outlined in
the report can be followed, the market for all American
products in the Paris Conference countries would not be
much smaller than at present and would be more than double
the rate for the years 1936 to 1938 in terms of "constant"
prices. This, however, is predicated on our own ability
and willingness to increase the prewar volume of imports
from these countries by more than one-third.
Projected Investment in Plant and Equipment
Capital expenditures for new plant and equipment during
the third and fourth quarters of 1947 are expected by business to be maintained at the dollar volume reached in the
second quarter. Outlays, as reported by a representative
group of manufacturing and nonmanufacturing companies,
indicate a 4 billion dollar total for each of the three quarters
subsequent to the first, which brought a sharp seasonal
drop after the steady climb throughout 1946.
The reporting companies, it appears, do not anticipate
any fall in the aggregate of their own capital expenditures
this year. Actual outlays are in general running above the
expectations earlier reported by these same companies—as
can be seen by reference to the comparative totals at the
bottom of table 7.
Utilities Expanding Rapidly
In the total of 3.9 billion dollars of expenditures for new
plant and equipment in the second quarter of 1947, the electric and gas utilities, the railroads and other transportation
industries, and the manufacturing industries contributed
about equally in absolute terms to the net gain of 200 million
dollars in total expenditures over the earlier peak of 3.7
billion dollars reached in the last quarter of 1946. It will be
noted from table 7, however, that the trend of the utilities
and railroads has been sharply upward in 1947, whereas the.
manufacturing industries have shown a decided tendency to
level off.
Estimated new capital expenditures by electric and gas
SUEVEY OF CURRENT BUSINESS
6
Table 7.—Expenditures on New Plant and Equipment by U. S.
Business 1
[Millions of dollars]
October
Chart 2.—Expenditures for New Plant and Equipment,
All Private Nonagricultural Businesses
BILLIONS OF DOLLARS
201
1947
Industrial group
1946
Jan.Mar.
Apr.June
JulySept.2
OctDec.z
Total 2
Manufacturing
Mining
Railroad
Other transportation
Electric and gas utilities
Commercial and miscellaneous 3
5,910
560
570
660
1,040
3,300
1, 450
150
160
180
330
900
1,850
160
220
230
450
1,030
1,840
170
290
250
510
1,000
1,820
170
370
220
500
930
6,960
650
1,040
880
1,790
3,870
Total: Actual
4
Second estimate
First estimate 4
12,040
11, 960
11,020
3,160
3,440
3,640
3,940
3,670
3,560
4,070
3,770
4,020
15, 180
-ACTUAL
PLANNED I/
15
COMMERCIAL AND
MISCELLANEOUS^/
RAILROADS, AND
ELECTRIC AND GAS
UTILITIES
10
12 Excluding agriculture.
Estimates based on anticipated capital expenditures of business.
34 Includes trade, service, finance, and communications.
In reporting actual figures for each quarter business concerns also give estimates of similar outlays planned for the 2 quarters following. The second estimate is thus a revision of
the first estimate.
NOTE.—Figures are rounded and will not necessarily add to totals.
Source: U. S. Department of Commerce and Securities and Exchange Commission.
utilities reached a high of 450 million dollars in actual outlays
during the second quarter of 1947. Quarterly anticipations
for the second half of 1947 reflect a further growth to an annual rate of approximately 2 billion dollars in the latter part
of the year.
Railroads look forward to steadily increasing outlays for
new capital facilities. Compared with expenditures of 570
million dollars in 1946, actual expenditures for the second
quarter of 1947 were at the annual rate of 880 million dollars,
while the anticipation for the fourth quarter approaches an
annual rate of 1.5 billion dollars. Whether this rate of
expenditures will be realized depends in large measure upon
equipment deliveries.
Expenditures for new plant and equipment by manufacturing companies—which account for a much larger share of
capital outlays than any other industrial group—declined
with seasonal interruptions from 1,760 million dollars in the
last quarter of 1946 to 1,450 million dollars in the first quarter of this year. The current survey estimates actual expenditures in manufacturing for the second quarter of 1947 at
more than 1.8 billion dollars, or at an annual rate in excess of
7 billion dollars. Anticipated expenditures for new capital
in the second half now indicate a leveling off at approximately
the same annual rate.
Expenditures Over 15 Billion Dollars in 1947
With returns now in for the fourth quarter, business
expects that its total expenditures lor the year 1947 \\ill top
15 billion dollars. This total would exceed by one-fourth
the actual expenditure of 12 billion dollars in 1946. The
general stability of the rate during the year, however, is
indicated by the fact that the 15 billion dollar annual rate
was reached in the fourth quarter ot 1946.
The first and the last columns of table 7 provide a comparison of the full year totals for 1946 and 1947, based in the
latter instance on the third quarter survey. For the two
largest categories—manufacturing, and commercial and miscellaneous—the increases are 18 and 16 percent, respectively,
with expenditures in the mining industry rising in about
the same degree. Thus, it was the large increases for the
railroads and the electric and gas utilities that raised the
average advance to one-fourth. The announced programs
of these groups indicate that current facilities are still far
short of requirements, with the power companies in some
areas facing a heavy winter load \\ith little margin, and the
railroads pressed to meet peak seasonal car requirements.
MANUFACTURING
AND MINING
— 1946
^
-«
1947
QUARTERLY TOTALS, AT ANNUAL RATE
47*468
1 Data for third quarter are revised estimates and for fourth quarter are preliminary esti
mates.
2 Includes trade, service, finance, communication, and transportation other than railroad
Sources of data: Securities and Exchange Commission and U. S. Department of Commerce
Office of Business Economics.
Higher Prices A Factor
Price advances which have affected building, equipment
and installation costs are reflected in these dollar expenditure
totals. How much costs w^ent up for such a heterogeneous
class of expenditures as is represented by business capita
formation it is impossible to state. It can only be said thai
they averaged substantially higher in 1947 than in 1946, a^
part of the general phenomena of advancing prices anc
rising costs that have characterized the postwar period tc
date.
Machinery and Equipment 70 Percent of Total
Of the preliminary 1947 total of 15.2 billion dollars foi
the new plant and equipment expenditures of all business
about 10.6 billion dollars, or 70 percent, represents actua.
and anticipated outlays for new machinery and equipment
The same proportion is indicated for manufacturing, where
nearly 5 billion dollars will be spent on new machinery anc
equipment during the year, according to data now available
Actual outlays for new machinery and equipment in th(
second quarter are estimated at 2,760 million dollars, the
same relative percentage of the total as that anticipated foi
the full year. Somewhat less than one-half, or 1,300 millior
dollars, of the new machinery and equipment purchases
was purchased by manufacturing industries.
Used Facilities of Diminishing Importance
Purchases of old or used plant and equipment by business
diminished in importance during 1947, with an estimated
total for the year of about 900 million dollars, compared with
nearly 1.7 billion dollars of used plant and equipment which
changed hands in 1946, according to revised figures. More
than two-thirds of the 1947 figure represented purchases
made in the first half of the year, and result from a few larger
individual transactions.
October 1947
SUEVEY OF CURRENT BUSINESS
Food Supplies
A series of developments affecting both the demand for
and the supply of food have had a sharp impact on food prices
and on quantities available for export. On the demand side,
the rising trend in personal income has been reflected in advancing prices of meats, butter, milk, and eggs. On the
supply side, the partial failure of this year's corn crop has
pushed both feed and food grain prices upward and cut
deeply into supplies available for meeting minimum food
needs of Western Europe.
With respect to the availability of food for domestic consumption, however, the principal effect of the reduced
harvest will be delayed until 1948. Food supplies in the
United States have continued at a high level and per capita
consumption for 1947 is estimated to be 17 percent above the
1935-39 average and only fractionally lower than the 1946
record.
(See table 8.) These totals are slightly higher than those for
the first half of 1946, but the rise in price between the two
periods was greater than the increase in value of exports.
Although this would suggest a decline in volume, the actual
tonnage and caloric content of the exports have been higher
in 1947 as a result of a shift from higher priced to cheaper
foodstuffs and coarse grains.
Total food exports for the year 1947 are estimated at
about 10 percent of aggregate food disappearance in the
United States, which is less than the proportion exported in
1946. This is not a net drain on the food supply since the
value of food imports is running about two-thirds as large
as that of exports this year and is greater than a year ago.
The influence of exports on the domestic supply of various
foods can be seen in chart 3, which shows exports as a percentage of total disappearance or production during the first
World Food Supply Tightens
Chart 3.—Food Exports as a Percentage of Total Production or Disappearance, First Half of 1947 1
Although relatively little corn is used directly as a food, it
has a key place in the over-all food production picture
because of its use as a basal feed for all kinds of livestock and
because of the substitutability among various food and feed
grains. Following the setback last winter and spring in
crops in Western Europe and the disappointing outturn
from the important Canadian wheat harvest, the shrinkage
in the United States corn crop has intensified the European
food crisis.
As a result of the pinch in feed supplies, exports of coarse
grains—which amounted to 180 million bushels during the
1946-47 crop year—were virtually discontinued in August,
but shipment of wheat has continued in heavy volume. The
combined supply of feed and food grains in the United States
for the 1947-48 crop year is estimated at 6.2 billion bushels,
as compared with 7.0 billion in 1946-47. The decline of
about 750 million bushels is considerably larger than total
grain exports in the 1946-47 period.
$&$| DOMESTIC DISAPPEARANCE OR
R&ftftH PRODUCTION FOR DOMESTIC USE
IOO
RICE
WHEAT AND FLOUR
FROM U. S. WHEAT
FRUITS, DRIED
NONFAT DRY
MILK SOLIDS &
LARD (AS SUCH)
CHEESE, ALL TYPES
APPLES, PEARS,
AND PLUMS, FRESH
Export Goal for Grains
FRUITS, CANNED
In view of this year's greater food needs abroad, a goal of
570 million bushels—which is about as high as grain exports
last year—has been recommended for 1947-48. To meet
this goal, the President has asked for reduced consumption of
food products—both those made directly from grains and
those obtained indirectly from grain-consuming livestock.
Grain feeding of hogs, cattle, and chickens accounts for a
large proportion of total grain consumption.
The President's Cabinet Food Committee, reporting on
September 25, estimated that 470 million bushels of grain
could be exported if wheat consumption by livestock were
restricted to 350 million bushels. In the absence of any
program, the current demand for meat and other livestock
products might result in the feeding of much more than that
quantity of wheat and a consequent decline in the quantity
available for export. The Committee stated, therefore, that
additional exports would be possible without further price
increase only if domestic conservation could be effected.
An export goal which is 100 million bushels higher than the
Cabinet Committee's estimate was recommended by the
President's Committee on Foreign Aid and was subsequently accepted by the Citizens' Committee appointed to
formulate a national food conservation plan.
Lower Export Volume; Higher Caloric Content
The total value of food exports in the first half of 1947 was
1.2 billion dollars, and in addition, food valued at 325 million
dollars was shipped to occupied countries for civilian feeding.
CITRUS FRUITS, FRESH
MILK, EVAPORATED &
POTATOES
FRUIT JUICES, CANNED
(EXCEPT PINEAPPLE)
CORN AND
CORN MEAL
EGGS, ALL FORMS
DAIRY PRODUCTS,
ALL FORMS I/
BEEF AND VEAL &
(CARCASS W E I G H T )
VEGETABLES, CANNED
PORK &
(CARCASS WEIGHT)
1 Basic data for exports exclude shipments to territories; data for wheat, lard, potatoes, corn,
and canned vegetables, include military shipments to foreign civilians. Basic data for total
production or disappearance represent production of livestock products and disappearance
of 2crops for all purposes.
"Dairy products, all forms" includes nonfat dry milk solids, cheese, and evaporated milk,
also shown in chart, as well as other products not shown. Basic data for all dairy product
exports
are fluid milk equivalent; milk production includes estimate for nonfarm.
3
Basic data for total production include estimated farm and wholesale and retail slaughter.
Sources of data: U. S. Department of Agriculture, Bureau of Agricultural Economics,
with exports based upon data from U. S. Department of Commerce, Bureau of the Census.
SUKVEY OF CURRENT BUSINESS
8
Table 8.—Exports and Imports of Foods
October 1941
Chart 4.—Local Market Price Ratios
[Millions of dollars]
RATIO
RATIO
20
1947
1946
First Second Third Fourth First Second
quar- quar- quar- quar- quar- quar- July
ter
ter
ter
ter
ter
ter
Exports of United States merchandise:
Crude and manufactured foodstuffs
and beverages 1
Fruits, vegetables and preparations
Grains and preparations
Packing house products
Civilian
supplies for occupied countries 2
Imports for consumption:
Crude and manufactured foodstuffs
and beverages
Crude foodstuffs
Manufactured foodstuffs and beverages
--
651
562
510
448
615
630
183
84
225
170
81
187
128
56
179
102
75
197
37
96
319
56
58
355
76
22
93
15
73
159
82
79
155
170
90
308
200
325
201
321
186
363
228
423
288
408
227
118
55
108
125
135
135
134
182
63
16
16
12
12
1.8
1.8
1 Includes some items not shown separately.
2 Data for 1947 are partly estimated.
Source: Bureau of the Census and Office of Business Economics, U. S. Department of
Commerce.
half of 1947. Of the principal products, exports are most
important for the grains, wheat and rice, and for dried fruits,
representing more than 40 percent of total disappearance
in the case of the first 2 commodities and about 30 percent
in the case of dried fruits.
For a second group of products, exports ranged between
10 percent and 15 percent. These include three manufactured milk products—nonfat dry milk solids, cheese, and
evaporated milk—lard, and fresh apples, pears and plums,
canned fruits, and fresh citrus fruits. Smaller but significant proportions of potatoes, fruit juices, com, and eggs
were exported.
Prices as well as domestic supplies were affected by the
volume of food exports, especially for the grains, where exports have had a dominant effect. It is significant, however, that several of the foods in which exports have been
as much as 10 percent of the total sold at close to support
prices during part of this period. From this standpoint,
exports of these foods supplemented the Government's
price support program. In the absence of these exports,
more extensive support operations would have been required.
Less Feed Per Animal
The September crop estimates indicate a corn harvest of
2.4 billion bushels, almost 900 million bushels less than last
year's record amount and 240 million bushels under the
1936-45 average. Part of the reduction in feed for the year
ahead will be offset by a reduction in the number of animals
on farms as a result of large marketings during the past year
and the further liquidation of the livestock population which
is anticipated in the months ahead. In relation to the number of grain consuming animals, the supply of feed is estimated to be about one-seventh lower than last year and
about equal to the 1937-41 average.
Contrast Between Near Term and Ultimate Effect
In addition to the effect on export supplies of grains, the
curtailed feed supply will mean lower ultimate food production from livestock for domestic consumption. However, to
the extent that the prospective feed shortage has already
affected or will affect livestock output during this year, the
influence may be the reverse of the ultimate effect—livestock
may be sent to market earlier and breeding stock may be
liquidated. There is some evidence that this has already
been taking place: In August, the proportion of sows slaughtered was larger than a year ago, and average slaughter
weights
for hogs were lower. A larger proportion of cattle is
MILK-FEED
1.4
1.4
1926-45
AVERAGE
1.0
1.0
I
.6
I
.6
20
20
EGG- FEED
16
16
12
12
1947
J
F
M
A
M
J
J
A
S
O
N
D
1
Number of bushels of corn equal in value to 100 pounds of hog live weight.
2 Number of pounds of feed equal in value to 1 pound of wholesale milk. Includes payments allowed under the Government dairy-production program which was in operation for
the3 period from October 1943 through June 1946.
Number of pounds of poultry feed equal in value to 1 dozen eggs.
Source of data: U. S. Department of Agriculture, Bureau of Agricultural Economics.
going directly to slaughter rather than being channeled into
feed lots for further fattening.
Rising Incomes a Factor
Although farmers usually reduce feeding of the various
types of livestock following a short corn crop, in this instance
such a tendency will be modified by the concomitant rise in
the prices of livestock and livestock products resulting largely
from advancing demand. Not only has disposable income
of consumers risen, but the spending of a higher-than-usual
proportion of income at food stores has continued.
Lower Feeding Ratios
The general influence of recent price advances in feed
and in livestock and livestock products can be traced
through changes in local market price ratios, three of which
are shown in chart 4. The best known and possibly the
SURVEY OF CURRENT BUSINESS
October 1947
most reliable of these ratios is the hog-corn ratio, which
shows the number of bushels of corn equal in value to 100
pounds of hog live weight. From the standpoint of feed
costs, the higher the ratio, i. e. the more corn that is required
to equal in value 100 Ibs. of hog, the more profitable it
is to feed corn to hogs.
Beginning last fall after the removal of livestock ceiling
prices, the hog-corn ratio became very favorable and remained unusually high during the first quarter of 1947.
Since then, the hog-corn ratio has fallen from a peak of
over 19 to less than 12 in recent months.
A very different situation prevails for the egg-feed ratio.
During the latter part of 1946, this ratio rose seasonally
but this year has remained higher than in 1946 partly
because egg prices have been supported by the Department
of Agriculture at 90 percent of parity.
The milk-feed ratio, although very favorable at the
beginning of 1947, dropped more than seasonally during
the first half of the year and has remained less favorable
than the long time average relationship.
The ratio between corn and beef steers is not shown
because it is less reliable than those presented. The incentive to feed steers depends not only on the price of feed
but also on the margin between the price of feeder steers
from the range in the fall of the year, when they usually
go into feed lots, and the price of fat steers the following
spring.
On the basis of calculations of the Bureau of Agricultural
Economics, at present prices, the margin of the value of a
fat beef steer over the cost of a feeder steer and the feed required for fattening is large. On the other hand, if beef steers
should sell next spring at no higher price than a year earlier
the cost of a feeder steer and feed at today's prices would
entail a net loss exclusive of other costs involved.
Wheat Feeding Profitable
Although the reduced ratios between the prices of principal livestock and livestock products and the price of feed
will lead to smaller feed grain consumption by livestock in
the year ahead, there still. exists the danger that wheat
consumption by livestock may cut heavily into supplies
available for export. Some wheat is normally fed to livestock both as an ingredient in purchased mixed feed and as
home grown feed. In some areas of the west, an acre of
wheat \vill produce more feed than an acre of corn and requires less labor to produce; in such areas wheat is often
9
grown for feeding purposes. When corn is scarce, badly
distributed, and high in price, as at the present time, the
economic incentive to feed wheat is great.
Wheat is more than an adequate substitute for corn for
most feeding purposes. The feeding value of a bushel of
wheat (60 pounds) ranges from 10 percent to 15 percent
higher than that of a bushel of corn (56 pounds) for the
principal feed uses. The relationship between the prices of
the two grains is such that wheat normally sells for more
than 10 percent above the price of corn, except in years
when the corn crop fails. Thus, when the price spread is
less than 10 percent, there is an incentive to step up the
feeding of wheat to livestock. This effect is intensified if
a farmer or a feed mixer has the wheat available and cannot
readily obtain corn.
Wheat-Corn Price Spread Narrowed
On the basis of the September 15 estimates of prices
received—the latest data available—the ratio of the price
of wheat to the price of corn for the United States was 101.
As long as the price spread is this narrow, a farmer with
both wheat and corn available would find it profitable to
increase the proportion of wheat fed to livestock; similarly,
a feed mixer would have an incentive to substitute wheat
for corn in commercial mixed feeds.
In some areas of the country the ratio of the price of wheat
to the price of corn on September 15 was considerably more
favorable for wheat feeding than was indicated by the United
States average ratio. In the Pacific States, for example,
the ratio was 86, i. e., the wheat price was 14 percent under
the corn price. Wheat is readily available in this area while
corn is scarce. Surveys of feeding conducted in the past
have revealed that the far west typically feeds a much
higher proportion of what than does the United Staets as a
whole.
Thus, as the President's committees have pointed out, if
extensive diversion of wheat from food to feed uses is to be
avoided, early action is essential before regional feed shortages develop. Farmers are currently making decisions as
to the marketing and breeding policies they will follow in
their livestock enterprises and soon will be arranging for the
feed which will be required well in advance of the actual
feeding of the grain. Similarly feed mixers must acquire
sufficient grain to process for anticipated mixed feed requirements for several months ahead.
Corporate Profits in the First Half of 1947
Corporation, returns now publicly available indicate that
the level of corporate profits in the first six months
of 1947
was higher than in the final quarter of last year.2
At seasonally adjusted annual rates, estimated corporate
profits before taxes increased from 27 billion dollars in the
fourth quarter of 1946 to 29 billion dollars in the first quarter
of 1947 and declined to 27% billion dollars in the second.
Similarly, profits after taxes increased from a rate of 16
billion dollars in the final 1946 quarter to 17% billion dollars
in the first quarter of this year, receding to 16% billion dollars
in the second quarter.
These estimates include inventory profits which, in the
recent period of rising prices, have been an important factor
in the advance of reported profits. This element of profits,
however, had a declining trend during the first half of this
year. As a result, if inventory profits are excluded, profits
both before and after taxes show a steady increase from the
last quarter of 1946 through June of this year. The comparative trends for the three quarters ended June for the
2 Corporate profits in 1946 were reviewed in the June 1947 issue of the SURVEY, p. 9.
http://fraser.stlouisfed.org/
7flUfifi°—47
2
Federal Reserve Bank of St. Louis
various profit series in relation to the gross national product
and national income are set forth at seasonally adjusted
annual rates in the following table:
[Billions of dollars]
4th quarter 1st quarter 2d quarter
1947
1946
1947
Gross national product
218 6
222 2
226 0
National income
Compensation of employees
Proprietors and rental incomes
Corporate profits and inventory valuation adjustmentCorporate profits before tax
Corporate profits tax liability
Corporate profits after tax
_ __ _
Inventory valuation adjustment
Net interest
.. -
191 0
122 2
46.7
197 6
124.9
47.0
199 4
125 8
47.0
18.8
27.1
11.0
16.1
-8.3
22.4
29.0
11.6
17.4
-6.6
23.3
27.4
10.8
16.6
—4. 1
3.2
3.3
3.3
Variation by Industry Groups
There was a considerable degree of dispersion in profit
trends among industries in the first half of 1947 as compared
(Continued on p. 24)
War Surplus Disposals
By Joseph B. Epstein l
Over 2 years have elapsed since VE-day—the time when
disposals of war surplus property began to get under way in
earnest. By now there are sufficient data available and
enough experience with surplus disposals to measure, although crudely, their impact upon the domestic economy.
In order to make a comprehensive analysis of this impact,
it has been necessary to examine all of the different disposal
programs to gain a complete view of the entire operation.
Inasmuch as there is no central reporting agency for all of
surplus-property activity, it is possible that some omissions
may have occurred. These are not likely, however, to be
large enough to alter the basic conclusions.
The total cost to the Government of all property available
and expected to be made available for public disposal is
close to 60 billion dollars. This total is larger than, and
includes property other than, that usually referred to as
surplus property in the reports published by the War Assets
Administration. Such reports include only the portion
directly under the jurisdiction of the War Assets Administration and its designated disposal agencies.
Surplus property as defined in this article includes not only
WAA but all surplus property both here and abroad, including disposals by owning and other agencies pursuant to special
acts of Congress or special provisions of the Surplus Property
Act.
This total excludes, however, war properties which are
expected to be retained for national defense or to implement
national policy. Also excluded are some properties that have
been shifted within the owning agencies and are, therefore,
never declared through the regular disposal channels.
personal property and supplies, along with some capita
equipment of the roadbuilding and excavating type. As the
declarations of surplus military equipment increased, they
were allocated to the Treasury "consumer" program, since
the Reconstruction Finance Corporation plant-equipment
disposals were considered "producer" equipment. When the
WAA took over, it inherited this nomenclature, with the
result that WAA published reports referring to consumer
goods cover many items such as trucks and medical and
mining equipment.
The term "consumer" goods as used in this article refers
only to those items usually purchased by consumers, and
parts and components that comprise these items. Similarly,
"producer" goods represent items and property properly
considered business expenditures incurred for the purpose of
facilitating further production and distribution, and include
such typical items as merchant ships, plant facilities, machine
tools, and trucks, plus a wide range of raw materials used in
the manufacture of producer goods.
Consumer Goods Only One-fifteenth of Domestic Surplus
Three Classes of Surplus Property
For the purpose of analysis, it is helpful to classify the total
expected surplus into functional categories. Thus, chart 1
divides the domestic program into (a) consumer goods and
(b) producer goods. Foreign or overseas goods, which constitute a third category, have not been allocated as between
consumer and producer goods.
The cost value of domestically declared surplus—including
all past disposals, inventories as of June 30, and the expected
future declarations of surplus—is expected to total approximately 47 billion dollars. Producer goods account for about
44 billion dollars of the 47 billion dollars,
leaving roughly 3
billion dollars of consumer goods.2 The overseas total is
expected to be about 12 billion dollars of consumer and producer goods.
These totals are necessarily approximations, since the
item of future declarations is always subject to change, and
data on past declarations are revised as more information
becomes obtainable. The relative magnitudes, however,
will not change.
The meaning of the terms "consumer" and "producer"
goods as employed in this article is not precisely in accord
with War Assets Administration usage. The WAA use of
the term "consumer" goods developed from the time the
Treasury Department disposed of the Government excess
Almost one-third of all Government purchases for war—
aside, of course, from Government civilian and military pay
rolls—were for consumer-type products. This 1 to 3 ratio
contrasts with the 1 to 15 ratio existing in surplus property.
The difference is worthy of some explanation.
There have been two contributing factors. Many consumer goods tend to be consumed within a short time of
purchase, and inventories of such items as food and gasoline
could be used up during the demobilization period. Conversely, many producer goods, such as machine tools, trucks,
and war production facilities, were not destroyed or completely consumed during the progress of the war. Much of
the equipment still remains, and is now part of the surplus
made available to the public—constituting a relatively
greater portion of surplus property than of wartime procurement.
Consumer goods, although the smallest of the three main
types of surplus property, have naturally attracted the most
public interest because of the diverse collection of merchandise made available. Almost all of the consumer goods have
been sold under the direct supervision of the WAA and its
predecessor agencies. This is in contrast to the producer
goods which required multiple-agency programs
tailored to
meet specific conditions and problems.3 Hence, producer
goods not only bulk much larger in dollar value than consumer goods, but also constitute a much more complex disposal operation.
The disposal of overseas surplus property, which is expected to total around 12 billion dollars, will have very little
direct effect upon our domestic economy, since the Surplus
Property Act prohibits reimportation into the United States
except under conditions of critically short supply. In an
indirect manner it has aided in the rehabilitation of foreign
countries and has reduced foreign demands upon our current
production.
1 Mr. Epstein is a member of the National Economics Division, Office of Business Economics. The author wishes to express his appreciation for the assistance received from the
staff of the War Assets Administration in the preparation of this article, but assumes sole
responsibility for the analysis and conclusions.
2 Domestic producer goods include certain merchant ships which are available to foreign
and American companies.
3 Some of the producer-goods programs have been under direct WAA administrative jurisdiction, while others have been operated by the owning agencies under special acts of Congress
which designate disposal agencies independently of the Surplus Property Act of 1944. Measuring the extent and effect of producer goods is, therefore, somewhat more difficult than was
the case with consumer goods, and it is in the area of producer-goods disposals that omissions
and incomplete coverage are most likely to occur, but these are not sufficiently important to
invalidate the conclusions with respect, to this type of surplus property.
10
SURVEY OF CURRENT BUSINESS
October 1947
This overseas property, located at the end of the war
in virtually every country in the world, is under the jurisdiction of the Office of Foreign Liquidation Commission, an
agency of the State Department, and has become the subject
of diplomatic negotiations with the governments of the
countries where it is located. In addition to the property
declared to the OFLC, there have also been some minor
amounts of direct disposals by the Army and Navy in some
of the foreign theaters of operations.
Consumer Goods
From the inception of consumer-goods disposals to the end
of June 1947, about 2.8 billion dollars of these commodities,
at cost value, were made available for purchase. Including
goods not yet declared surplus, it is not anticipated that the
total declarations of consumer goods will exceed 3 billion
dollars by any significant amount. As can be seen in table
1, of the total already declared, about 2.0 billion dollars
worth at cost value have been sold. Approximately 15 percent of this amount went to various governmental and international agencies, with some of it sold at large discounts.4
Table 1.—Consumer-Goods Disposal Activity through June 30,
1947 i
[Billion dollars]
Textiles, apparel and footwear _ _ __.
K e in ainin
g W A A cc ns umer gr oups _
Other 2
Not allocated
Total
tions,
cost
value
1.1
1. 2
.2
.3
2.8
chart 2). The return to the Government was about 37 percent of the original cost. As was the case with the cost
value of sales, the most important single commodity group
was textiles, apparel and footwear, which accounted for 300
million dollars, or about 50 percent of all consumer-sales
realizations.
If the sales of consumer goods are divided as between that
portion sold prior to July 1, 1946, and that sold between
July 1, 1946 and June 30, 1947, two facts are immediately
apparent: (1) that over twice as much was sold in the later
period, on a reported cost basis, and (2) that the ratio of
realizations to the original cost of the items sold declined
substantially. Total consumer sales at cost value amounted
to 600 million dollars in the earlier period, and to about 1.4
billion dollars in the second period. At the same time,
however, the average realization ratio dropped from approximately 45 percent to 27 percent.
The trend of sales realizations during the past year
will probably be intensified. As choice surplus items are
depleted and new goods become increasingly available, the
percentage realization from surplus sales will continue to
drop. This decline will be accentuated as more and more
surplus is placed for sale on a competitive bid basis rather
than the fixed price schedules now in effect for most consumer goods.
Chart 1.—Estimated Total Surplus Goods, by Classes l
Sales
Total
Type of surplus
11
Miscel-
Cost
value
Sales
realization
0.9
1.0
.i
0.3
.3
.1
2.0
7
Inven-
disposals, June 30,
cost
1947, cost
value
value
0.2
.2
1
.3
3
BILLIONS OF DOLLARS
60
OVERSEAS GOODS
DOMESTIC CONSUMER GOODS
40
.5
1 These figures are necessarily rough estimates, inasmuch as no official break-down in comparable
form exists for activity prior to July 1,1946.
2
Includes food products, Agriculture Department; consumer goods in Territories and Possessions Program, War Assets Administration.
Source: Basic data, War Assets Administration, adjusted by the Office of Business Economics, U. S. Department of Commerce.
DOMESTIC PRODUCER GOODS
20
Textiles, Apparel and Footwear—Largest Group
The most important single group of consumer goods made
available for public purchase has been that of textiles, apparel,
and footwear. About 1.1 billion dollars of surplus at cost
value, or well over one-third of the total consumer goods thus
far declared surplus are in this group. Sales, at cost value
aggregating 900 million dollars, represented almost half of
the total sales of all consumer goods through June 1947.
Inventories at the end of June exceeded 200 million dollars.
Other remaining groups of consumer goods, as classified
by WAA, include automotive equipment, materials and supplies, metal sales, paper and furniture, drugs and medicals,
and a large heterogeneous group labeled as hardware and
general products. There are also some unclassified sales,
unclassified because at any given time there is a backlog of
sales which are not yet assigned to specific sales groups.
Sales Realizations
Total realizations from the sale of consumer goods through
the end of June, on merchandise costing close to 2.0 billion
dollars, were slightly more than 700 million dollars (see
* Sales exclude all transactions such as donation, scrap sales, transfers to government agencies without reimbursement, and other nonrevenue returning transactions. Such transactions are included in "Miscellaneous Disposals" and do not appear in the total of goods
sold. These miscellaneous disposals are common to almost every surplus-disposal program
and arise from the fact that certain properties have no value in their present form or that
certain disposals are considered to be in the national interest, even though the Federal Government derives no monetary return from the transactions.
COST VALUE
1
Includes goods already made available as surplus, plus estimated amounts still to be
declared.
Sources: Basic data, War Assets Administration, U. S. Maritime Commission, and U. S.
Department of State, adjusted by the U. S. Department of Commerce, Office of Business
Economics.
Impact on Consumer Markets
Aggregate consumer surplus sales have been small when
compared with total consumer expenditures for about the
same period of time. In this comparison, sales to Government agencies and to various international organizations
have been excluded from the total. However, even if the
remaining sales realizations are doubled as a rough allowance
for distributive and processing mark-ups, the total cost to
the ultimate consumer is less than one-half of 1 percent of
total consumer expenditures.
It is clear that even a considerable error in the estimate
of the magnitude of consumer-goods sales would not alter
the basic conclusion that, insofar as consumer expenditures
as a whole are concerned, the sale of consumer-surplus
commodities has not been a significant factor. In neither
of the two periods did consumer sales, as adjusted exceed
1 percent of the total expenditures, although in the second
period they were relatively more important than earlier.
SUEVEY OF CURRENT BUSINESS
12
Chart 2.—Disposition of Estimated Total Domestic
Consumer Surplus
BILLIONS OF DOLLARS
ESTIMATED FUTURE
DECLARATIONS
INVENTORY AS OF
JUNE 30, 1947
October
if any revenue to the Government. Table 3 shows the
break-down, indicating that domestic disposal activity
through June 30, 1947 had resulted in the sale of 11 billion
dollars worth, at cost value, of producer-surplus property.
The tremendous amount of property not suited to civilian
needs—at least in their wartime form—is demonstrated by
the 12 billion dollars total of miscellaneous disposals. This
will undoubtedly be increased as the inventory holdings of
12 billion dollars are liquidated during the coming year.
Table 2.—Estimated Total Declarations of Producer Surplus by
Categories
MISCELLANEOUS DISPOSALS
THROUGH JUNE 30, 1947J/
[Billion dollars, cost value]
SALES
THROUGH
JUNE 30, 1947
War-production facilities 1
Capital equipment and related items 1
Nonindustrial repl Droperty
Merchant ships
Naval vessels
Aircraft and components
_-.
.-Electronics
- - __.
- _
Total
COST VALUE
Expected
remaining
declara
tions
7.4
11.7
3.7
10.0
2.0
8.0
.8
5.4
11.2
3.0
10.0
2.0
7.7
.7
43 6
40 0
2.0
.5
.7
(2)
.3
1
30
REALIZED VALUE
47-453
1
Includes scrap disposals, donations, and destroyed and abandoned property.
Sources: Basic data, War Assets Administration, adjusted by the U. S. Department of
Commerce, Office of Business Economics.
If sales are related to consumer expenditures for goods,
excluding services, they still comprise less than 1 percent of
the total.
Textiles, apparel and footwear—easily the largest and
most homogenous surplus group—does not exceed 2 percent
of consumer expenditures for clothing, accessories and shoes,
the most analagous consumer-expenditure component.
It is only when certain specific surplus items, such as
blankets, are compared with similar items of civilian production that surplus disposals become of major importance.
Instances of this nature have been rather scarce and have
been handled by certain pricing and disposal procedures to
prevent market dislocations which could result from indiscriminate disposal methods.
In general, the high level of postwar economic activity
achieved by this country, coupled with comparatively small
consumer-surplus inventories, have combined to make the
disposals of surplus consumer goods largely a matter of administration and not one involving tremendous economic
consequences. This does not mean that there were no
serious problems in single commodities but that, in the aggregate, consumer disposals have not played an important
role in our postwar economy.
Producer Goods
By the end of June 1947, 40 billion dollars of the expected
44 billion dollars of producer goods had already been declared. As can be seen in table 2 and chart 3, the capital
equipment and related items section is the largest category of
total surplus, while the merchant-ships program ranks
second.
This table, including both WAA and non-WAA programs,
while useful as an indication of the relative size, in terms of
original cost, of the different kinds of producer-goods surpluses, does not indicate their relative importance to the
postwar national economy, because of the variation in their
suitability for civilian use.
In order to determine which type of surplus consisted of
property most suited for civilian production, it is necessary
to distinguish between the sale of surplus property and the
various types of miscellaneous disposals, which yield little
Amount
declared
through
June 30,
1947
Estimated
total
declarations
Type of surplus
1 Some equipment which was originally a part of war-production facilities was removed
from
those plants and is included in capital equipment and related items.
2
Not available.
Source: Basis data—War Assets Administration, U. S. Maritime Commission, and the
Navy Department, adjusted by the Office of Business Economics, U. S. Department of
Commerce.
Table 3 also indicates the sizable quantities of surplus
producer goods that have been leased and chartered as of
June 30, 1947. The nature of this property—the cost value
of which is more than one-third of the cost value of all surplus property sold domestically by the same date—is an
important factor which must be considered when evaluating
the contribution of surplus producer goods to the postwar
economy.
Table 3.—Producer Goods Disposal Activity through June 30, 1947
[Billion dollars, cost value]
Total
declarations
Type of surplus
War-production facilities
Capital equipment and related items
Nonindustrial real property
Merchant ships (domestic) .
__
Merchant ships (foreign)
Naval vessels .
.
._
Aircraft and components
__ _ .
Electronics
Domestic total
. _
Sales
5.4
2.0
5.7
3
1.2
1.9
11.2
30
10.0
2.0
7. 7
.7
40.0
1.3
.2
1
10.7
Leased Misceland
laneous
chartered disposal
Inventory as
of June
30, 1947
1
3 2
12
2
2
1
4
1. 1
(2)
2,9
(2)
4 0
2
3
5
0
20
51
1
13
11 7
11 7
4
1 Excludes 1.9 billion dollars of merchant ships sold to foreign companies.
2 Less than .05 billion dollars.
Sources: Basic data—War Assets Administration, U. S. Maritime Commission, and Navy
Department, adjusted by the Office of Business Economics, U. S. Department of Commerce.
Economic Significance of Disposals
In establishing the economic significance of producergoods disposals, i. e., those sold, leased, and chartered, a
total representing the current evaluation of these goods as
alternatives to new construction and equipment is required.
This total, shown in table 4 as "Sale" value, consists of
the actual sales realizations of that portion sold combined
with a value representing "sales realizations" of leased and
chartered properties. This adjustment is necessarily crude.
Briefly, the percent of original cost was assumed to be somewhat less than the average sales-realization ratios for other
industrial property and ships—in recognition of the fact that,
in general, these plants and ships would probably not have
yielded the same returns as that portion actually sold.
SUEVEY OF CURRENT BUSINESS
October 1947
Chart 4 compares the actual sales realizations with the
cost value of the portion sold, and indicates the relative
magnitudes of the other types of producer-goods dispositions.
From the inception of surplus sales through June 30, 1947,
about 5.0 billion dollars has been estimated to be the combined sales value of sold, leased, and chartered producer
goods. These sales, leases, and charters include only domestically disposed property and, therefore, exclude ships
which, although sold in this country, are destined for use by
foreign operators. Total sale value, as thus defined, comprised about 10 percent of all private expenditures for producer durable equipment and construction, including war
surplus, during approximately the same period of time.
Table 4.—Cost and "Sale" Value of Domestically Disposed Producer
Goods Through June 30, 1947
[Billion dollars]
Cost value
Type of surplus
Sales
War-production facilities
Capital equipment and related items
Nonindustrial real property
Merchant ships
Aircraft and components
Electronics
Total
..-- .
-
-Sale" valu e
Leases
and
charters
Total
Sales
Leases
and
charters
0.4
13
2o
1 3
1.1
3.1
0.9
.3
1.2
1.3
2
(i)
2.9
(i)
.3
.1
41
.5
.2
1
8
1.3
2
10.7
4.0
14.7
3.8
1 2
2.0
5.7
57
20
Total
I
2
I
50
1
Less than 0.05 billion dollars.
Sources: Basic data—War Assets Administration and U. S. Maritime Commission, adjusted by the Office of Business Economics, U. S. Department of Commerce.
This comparison indicates that producer-goods surpluses
are much more significant than consumer goods appeared to
be in respect to consumer expenditures. The total producergoods realizations are not merely larger in absolute terms,
but in relative terms as well.
It should be noted that the over-all average of 10 percent
mentioned above understates the role of surplus property in
specific areas. The total of all expenditures for producers'
durable equipment and construction includes residential and
commercial construction and a sizable amount of commercial and miscellaneous equipment. Surplus sales in these
areas have been relatively small compared with other surplus programs. If surplus sold to manufacturers during the
2^-year period could be related to total capital outlays by
manufacturers, the ratio would be appreciably higher—
although probably not more than one-fifth of the total. In
certain specific instances, such as merchant ships and commercial airplanes, the sales realizations from producer-goods
disposals exceeded—or formed a major percentage of—the
expenditures for new equipment.
War-Production Facilities
Between June 1940 and July 1945, about 16.7 billion
dollars of public funds were expended in the construction of
new industrial plants for operation by the Government or
by private companies for the Government, and for the expansion of existing public and private facilities. This sum
excludes about 400 million dollars of public funds loaned
to private companies for the construction of war plants
whose titles then remained with the companies and which
are not, therefore, part of the potential surplus.
Of the 16.7 billion dollar total, 5.4 billion dollars can be
deducted as representing the amount already declared surplus and made available to business through the war-production facilities program as of June 30, 1947. The balance
comprises (1) equipment removed and handled independently
of the plants, (2) the facilities retained by the Government
13
for national defense, and (3) the amount yet to be declared
surplus.
The amount of the equipment handled independently of
the plant-disposal program has been estimated to be about
4.5 billion dollars at cost value. This would include Government equipment removed from privately owned plants
and either sold by the owning agencies or turned over to
the WAA Office of General Disposals. It would also include the equipment which was part of war-production facilities when they were declared surplus, but which was later
removed when the plants were sold as general-purpose
establishments.
A result of this disposal of equipment without concurrent
sales of plants has been to lessen the ratio of equipment to
plant in the war-production facility surplus declarations as
contrasted with the ratio which existed in the wartime
procurement. This difference is probably insignificant for
special purpose plants, such as synthetic rubber and the
iron and steel plants, but can be sizable for those types
which are capable of being converted to other industrial
purposes. The separate disposal of equipment may also
account for the small amounts of declared surplus of motor
vehicle and machine tool plants shown in table 5, inasmuch
as the predominant portion of their original cost was machinery and not construction.
Chart 3.—Estimated Total Domestic Producer Surplus,
by Categories 1
BILLIONS OF DOLLARS
50
ELECTRONICS
40
AIRCRAFT AND COMPONENTS
NAVAL VESSELS
30
MERCHANT SHIPS
NONINDUSTRIAL REAL PROPERTY
20
CAPITAL EQUIPMENT AND
RELATED ITEMS
10
WAR PRODUCTION FACILITIES
COST VALUE
i Includes goods already made available as surplus, plus estimated amounts still to be
declared.
Sources: Basic data, War Assets Administration and U. S. Maritime Commission, adjusted by the U. S. Department of Commerce, Office of Business Economics.
Government Retention of Plants
In general, there are two types of plants which will probably be retained by the Government, exclusive of the atomicfission plants which are not likely to be declared surplus
in the near future. They are (1) Government establishments which existed prior to the war and were greatly
expanded and improved during the war, and (2) the u white
elephant" type of plants whose reproduction costs would be
tremendous and whose present commercial value is small.
Together they amount to 4-5 billion dollars.
The first group contains many Government arsenals, shipyards and ordnance plants which have always been operated
by the Government and which have been improved in effi-
SUEVEY OF CUEEENT BUSINESS
14
October
Chart 4.—Disposition of Estimated Total Domestic
Producer Surplus
Table 5.—Wartime Expenditures and Surplus Declarations of
Government-Owned Plant and Equipment through June 30, 1947
[Million dollars]
BILLIONS OF DOLLARS
Wartime
expenditures 1
Type of plant
Aircraft
Ship-construction and repair
Motor vehicles _ . _ .
- _ .
Guns and ammunition
Explosives and ammunition loading
Iron and steel _ _ - _ _ _ - _ __ - . ._
Nonferrous metals
Machine tools _ _ _ _ _ _
Machinery and electrical
Synthetic rubber
_
_
_ ._
Other chemicals. ._ _ _ _ _
__ .
_ _
Miscellaneous plants and facilities including pipe lines
. __
Deduct Federal loans to private companies
_ _ __
Equipment removed and handled independently of war production facility disposals, not allocated
Total
Declared
surplus i
$3 361
2,348
575
2 037
2,700
1,286
1,128
142
446
695
1,207
1,221
$1 091
305
62
261
896
874
754
25
119
178
414
440
17, 146
400
5,419
ESTIMATED FUTURE
DECLARATIONS
40
INVENTORIES AS OF
JUNE 30, 1947
30
MISCELLANEOUS
DISPOSALS THROUGH
JUNE 30, 1947 U
4,500
16, 746
9,919
20
i These totals are not necessarily similar, because the ratio of equipment to plant in declarations is not necessarily the same as in the wartime expenditures.
Sources: Basic data—Civilian Production Administration and War Assets Administration,
adjusted by the Office of Business Economics, U. S. Department of Commerce.
LEASED OR CHARTERED
AS OF JUNE 30, 1947
ciency and capacity. Some new plants of this type constructed during the war were operated by the Government
and will also be retained. In all, about 2 billion dollars were
expended for these primarily Government-owned and operated facilities.
The second group includes chiefly the WTar-built plants
operated for the Government by private companies to be
maintained at least in stand-by condition. This category
includes such types as the explosives, ammunition loading,
gun and ammunition plants. The War Department's
Royall Report, which announced that 60 complete industrial
plants, costing about 2.3 billion dollars, have been approved
for retention, applies for the most part to this second category. In defining policy, the Report said: "As in the past,
the War Department places reliance upon American private
industry as the major source of supply, but realizes the vital
need for retention of a nuclear group
of facilities . . . for
reconversion to wartime purposes." 5
The remaining 2 to 3 billion dollars include not only the
ordinary plants which will, in the course of time, be declared
surplus, but also certain types of plants—particularly the
synthetic rubber plants—for which disposal policy has not
as yet been announced, pending a determination of Federal
policy with respect to the industry. It may be some time
before this part of the war-built industrial facilities is declared
surplus.
When this 2 to 3 billion dollars of facilities is declared
surplus, some of the equipment may again be removed and
handled separately. Possibly 2 billion dollars can be expected as future declarations of surplus to the war- production
facilities program.
SALES
THROUGH
JUNE 30, 1947
COST VALUE
REALIZED VALUE
47-488.
1
Includes scrap disposals, donations, and destroyed and abandoned property.
Sources: Basic data, War Assets Administration and U. S. Maritime Commission, adjusted by the U. S. Department of Commerce, Office of Business Economics.
Government still holds title to them—do constitute disposals
in an economic sense because they contribute to present
production. Not all of the leased plants will remain in
Government ownership; a portion will become private
property as some of the operators exercise their purchase
options—a feature common to most leases.
Again from table 6, if both leased and sold properties are
combined, the aircraft plants rank first in disposals at cost
value. This results from the ability to convert many aircraft
plants to other industrial production. Were it not for this
fact, a much larger part of the tremendous number of aircraft
plants remaining from the war would have been useless at
the present time. It should be noted that leases of aircraft
plants occur frequently—comprising almost half of all
aircraft-plant disposals.
Iron and steel plants are second in terms of total disposals
at cost value. In this instance, over 80 percent have been
sold and less than 20 percent leased. The current iron and
steel shortages have made these plants particularly valuable
in the maintenance of high levels of employment and
production.
The aluminum plants which place third in terms of total
Disposal Activity
disposals by reason of the number of leased properties, are
typical of an industry which has been expanded tremendously
The war-production facilities have often been characteras a result of war needs and now envisages many new peaceized as the "hard core" of surplus disposals. It is obvious
time products.
from the amounts still to be declared, the existing inventories,
Slow-moving plants are shown in the last column in table
and the quantities of leased properties, that this phase of
surplus-property disposals is far from completed. As yet, 6. Either because of location, contamination, or because
they represent excessive nonconvertible capacity in terms of
the pipe lines are the only facilities that were completely
contemporary peacetime industrial requirements, these are
liquidated by June 1947.
generally the explosives, ship-construction and repair,
Table 6 indicates that 2.1 billion dollars at cost value,
ammunition-loading, and magnesium plants. The aircraft
including a small amount of miscellaneous disposals, had
and iror and steel plants which are not suitable for peacetime
been disposed of permanently through June 30, 1947. An
production also comprise large inventory holdings. It should
additional 1.1 billion dollars were leased. The leased
be noted, however, that at any given time some inventory
properties, which are not permanent disposals—since the
holdings represent properties which require time to negotiate
sales and leases, and not necessarily unsuitable facilities.
* Report, August 4,1947, Under Secretary of War to Secretary of War, p. 37.
SUEVEY OF CURKENT BUSINESS
October 1947
15
Table 6.—-War Production Facilities Disposal Activity by Type of Plant through June 30, 1947
[Thousands of dollars, at cost value]
Declarations
to surplus
Type of plant, by war product
Total
Aircraft
Ship-construction and repair
Motor vehicles
_
Guns
Ammunition
_ _ _ _ _
Ammunition-loading _ _
___
Explosives
Synthetic rubber , _ _
_ __
___
Coal and petroleum
Other chemicals
_ _ - _ _
_ . __
Iron a n d steel. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Aluminum
Magnesium _ _ _ _ _ _
Other non-ferrous metals
Machine tools
Machinery and electrical equipment
Pipe line facilities
Other manufacturing and nonmanufacturing. _ _
_ _ _ _ _ _ _ _ _
_ __
_.
_
_
_
_ _ _
___
__ ___
_ _ _ _ _ _ _
__
_
_ __ ___ ___ ___ __
_ __
Disposals authorized
Inventory
as of June
30, 1947
Leases
Total
Sales
5,418,711
3, 180, 029
2, 019, 287
84, 868
1, 075, 874
2, 238, 682
1, 090, 729
305, 144
61, 706
49, 029
212, 371
274, 364
621, 218
178, 086
201, 664
212, 390
874, 154
463, 196
259, 434
30, 979
25, 265
119, 076
168, 822
271, 134
727, 947
89, 294
23, 446
32, 365
95, 231
106, 100
134, 679
137, 069
129, 192
168, 852
643, 920
343, 378
80, 482
21, 156
16, 625
76, 356
168, 822
185, 115
363, 499
73, 966
14, 013
23, 119
67, 595
26, 838
73, 859
137, 069
111, 587
109, 811
529, 795
92, 529
11, 168
11, 433
13, 913
64, 484
164, 996
132, 613
11, 687
6,062
665
0
257
53, 162
217
0
0
1,492
311
0
0
0
0
549
0
10, 466
352, 761
9,266
8,768
9,246
27, 379
26,100
60,603
0
17, 605
57, 549
116,814
250, 849
69, 314
9,723
2,712
11, 323
3,826
42, 036
362, 782
215, 850
38,260
16, 664
117, 140
168, 264
486, 539
40, 967
72, 472
43, 538
230, 234
119,818
178, 952
9,823
8,640
42, 720
0
86, 019
Miscellaneous
Source: War Assets Administration.
Sales Realizations and Trends
Through the end of June 1947, war-production facilities
costing* 2.0 billion dollars had been sold for 0.9 billion dollars—
average return of 46 percent of the original cost. Salesrealization ratios vary rather widely as between the different
types of plants, as can be seen in table 7, ranging from as
high as 91 percent to as low as 10 percent. These ratios,
however, should be regarded as a measure of the over-all
suitability of these plants for the present civilian economy,
as well as a test of the efficiency of the disposal operations.
Thus far, the sales history of the industrial facilities seems
to be contrary to the other disposal programs. Whereas the
latter have all been characterized by declining sales-realization ratios, the facilities disposals have resulted in a slight
increase during the fiscal year 1946-47, in contract to the
previous \% years. Of course, this results from the effects
of huge individual transactions which prevent the long-term
downward trend of these ratios from becoming apparent.
Were it not for the extremely high returns from the sale of
the
pipe-line facilities early in 1947, the over-all average
wrould have been substantially lower than 46 percent.
Table 7.—Return From Sale of War-Production Facilities, by
Type of Plant, through June 30, 1947
[Thousands of dollars]
Type of plant, by war product
Total
_
_
___
Aircraft
Ship construction and repair
_
Motor vehicles
Guns
- - Ammunition
Ammunition-loading Explosives
Synethic rubber
Coal and petroleum
Other chemicals
Iron and steel
Aluminum
_ _
Ivlagnesium
Other nonferrous metal
Machine tools
Machinery and electrical equipment
Pipeline facilities
Other
-
Cost value
of property
sold
Return
from sale
Return as
percent of
cost value
2, 019, 287
929, 545
46.0
363, 499
73, 966
14,013
23, 119
67, 595
26, 838
73, 859
137, 069
111,587
109,811
526, 795
92, 529
11,168
11,433
13, 913
64, 484
164, 996
132, 613
186, 781
18, 275
6,957
13, 991
17, 526
2,537
24,264
83 451
44, 210
24 708
200, 324
31, 862
6,658
3,181
7,939
32 966
150 455
73, 460
51 4
24.7
49 6
60 5
25 9
9 5
32 9
60 9
39 6
22 5
38 0
34 4
59 6
27 8
57 1
51 1
91 2
55.4
Source: War Assets Administration.
Capital Equipment and Related Items
The category of equipment and related items, as shown in
table 8, includes most of the general arid special purpose
wartime industrial equipment which has been cleared from
both private and Government-owned war plants. It also
includes various types of auxiliary equipment used by the
armed forces—such as field kitchens, trucks, bulldozers and
excavators—but excludes aircraft and electronic material.
Metals and raw materials are included to the extent they
appear destined for use in production of producer goods.
This all-inclusive section of producer goods encompasses
the activities of several disposal programs, including two
operated independently of the WAA. It will be noted from
table 8, however, that the producer goods in the generaldisposals program of the WAA, plus the independently
operated plant equipment and contractor-inventory programs, comprise the bulk of the total. This analysis will be
confined to these three programs.
Table 8.—Capital Equipment and Related Items Disposal Activity
Through June 30, 1947
I Billion dollars]
Program
General disposals, W A A
Plant equipment 1 l
Contractor
inventory .
Other 2
Total
declarations
(cost
value)
6.8
.5
3.5
.4
Sa les
Coet
value
4.3
.5
.7
.2
Miscel- Inventory
laneous
as of
disposals June 1947
Realiza(cost
(cost
tions
value)
value)
1.5
2
.3
(o;
04
2.8
(3)
21
2
Total
_ __
11.2
5.7
3.2
2.0
2.3
1 Covers major portion of these disposals. Data available for months of July 1945 to September
1946 for plant equipment, and September 1945 to April 1946 for contractor inventory.
2
Others—Patrol Boats, Navy Department; Maritime Property, Maritime Commission;
Territories
and Possessions, WAA.
3
Less than 0.05 billion dollars.
Sources: Basic data—War Assets Administration, adjusted by the Office of Business
Economics, U. S. Department of Commerce.
In accordance with the definition of producer goods earlier
stated, items handled by the WAA Office of General Disposals which are ordinarily used as producer goods—or the
parts and raw materials from which they are made—are here
considered a part of capital equipment and related items.
Equipment such as trucks, construction machinery, and other
items which have been customarily listed by the WAA under
consumer goods are in this article classed as producer goods.
Hence the data are not directly comparable with WAA
reports.
Items extracted from the WAA general-disposals program
are divided into nine categories by that Administration.
Table 9 shows estimates of this break-down for the entire
period of surplus sales but, inasmuch as there are no available data showing this particular division for such surplus
property sold prior to July 1, 1946, it is only an indication of
the order of magnitude of these categories. Miscellaneous
disposals have not been allocated among the various groups
but are listed as a single entry applicable to all.
SUEVEY OF CUEEENT BUSINESS
16
Table 9.—Estimated Disposal Activity for Capital Equipment and
Related Items in WAA General Disposals, through June 1947 l
[Billion dollars]
WAA sales group
Automotive and machinery 2
Hardware, plumbing and general products
Paper, furniture and office machinery. _.
Drugs and medinols
Textiles
Industrial machinery and equipment
Materials and supplies
Metal working equipment _
Metal sales 3
Unclassified
Not allocated
Total
Total
declared
1
I
|
Sales
InvenMisceltory
laneous
as of
disposals June 30,
1947
1.7
.7
1.3
.5
.4
.2
.3
.2
.1
1.1
.3
1.5
.6
.2
.4
.6
.2
.8
.5
.2
.5
.1
.7
.1
6.8
4.3
.4
.4
2.1
1
These figures are necessarily rough estimates, inasmuch as no official break-down in
comparable
form exists for activity prior to July 1, 1946.
2
Includes
parts, chiefly automotive parts.
3
Unclassified as of June 30,1947.
Sources: Basic data—War Assets Administration, adjusted by the Office of Business
Economics, U. S. Department of Commerce.
Almost half the sales in the automotive group have been
trucks, and about 85 percent of the metalworking equipment
consists of machine tools. While motor trucks and machine
tools have been sold at cost value in approximately equal
amounts dollarwise, there is an important distinction between
them. For many types of machine tools the surplus sales in
1946 exceeded sales by the industry, although substantial
quantities still remained unsold. In contrast, surplus sales
of trucks in 1946 were less than half of industry sales.
Over-age and special purpose machines—almost always
going into scrap—are sold by competitive bidding. The
joint Army and Navy machine-tool program, sometimes
called JANMAT, is expected to take as many as 92,000
machines, most of which are special-purpose tools having
little commercial value. Many machine tools have also
been sold at nominal prices to educational and public institutions.
October
were sold as scrap—which is equivalent to "miscellaneous
disposals" —and only .7 billion dollars are included in
"sales" (table 8) which yielded .3 billion dollars.
Some Government equipment was also removed from
privately owned plants and sold directly by the owning
agencies. Equipment costing about 500 million dollars, of
which over half was machine tools, was sold for slightly more
than 200 million dollars.
Noniiidustrial Real Property
This category of surplus property, the over-all statistics
for which appear in tables 2, 3, and 4, includes airports, war
housing, hospitals, service camps, training schools, and
similar facilities. The expected surplus is predicated upon
heavy retentions of these facilities for purposes of national
defense, and is small when compared with the total of almost
15 billion dollars of public funds expended for their construction during the war.
The largest component consists of airports. Disposals of
these for the most part take the form of transfers to city and
State governments, or the cancellation of leases of property
by the Federal Government, thereby returning the land to
the former owners. By June 30, 1947, over 1.5 billion
dollars had been made available, of which .7 billion dollars
were disposed of at no compensation, with certain provisions
safeguarding the Federal interests. Very few sales have
been consumated. The amount remaining for disposal at
that time was over .8 billion dollars.
Through the end of June, about 1.5 billion dollars of
other types of nonindustrial property were also declared
surplus and made available for disposal. Properties costing
a little more than 250 million dollars were sold for less than
100 million dollars. Leases are not important in this type
of property, amounting to only about 50 million dollars.
About 700 million dollars of inventory holdings remained
at the end of 1946-47.
Merchant Ships
The war-developed merchant-shipping fleet is the most important segment of surplus property administered independently of WAA. Out of a grand total of approximately
5,200 large vessels built by the Government, it has been
The sales realizations from the sale of producer goods in
estimated that about 4,100, excluding approximately 400
WAA general disposals cumulated to 1.5 billion dollars
during the period of surplus sales ended June 30, 1947, over-age vessels, will be made available for purchase, charter
or the permanent Maritime Commission reserve fleet. The
yielding about 36 percent to the Government in terms of
total calculated cost value of these 4,100 vessels is probably
original cost. As might be expected, automotive, metalnot in excess of 10 billion dollars (table 2). Through June
working, arid industrial equipment accounted for the bulk
30, 1947, some 440 ships costing 1.2 billion dollars were apof all realizations, representing over 1 billion dollars, or more
proved for sale to American-flag companies for about 500
than 65 percent. The remaining programs shared the other
million dollars and 945 ships-costing 1.9 billion dollars to
5 billion dollars—again emphasizing the relative importance
foreign-flag operators for about 700 million dollars. The bulk
of heavy capital equipment in contrast to the remaining
of the remaining available vessels, including those under
stocks.
charter, are the Liberty, Victory, and coastal-cargo types.
In contrasting the earlier period of disposals, the period
In addition to the authority to sell surplus merchant
of about 18 months ended June 1946 with the fiscal year
vessels until February 29, 1948, the Maritime Commission
1946-47, we find that the second period resulted in almost
under present legislation has also been given authority to
twice as many sales at cost value, or a total of almost 3.0
charter dry cargo vessels to citizens until the same date.
billion dollars. However, the sales realizations totaled about
These charters are somewhat analagous to leases in the war
800 million dollars, only 100 million dollars more than in
production facilities program, inasmuch as they permit the
the earlier period. This indicates a very sharp decrease in
productive use of Government-owned property without
sales-realization ratios, which were about 46 percent in the
actual sale. A considerable number of these charatered
first period but only 30 percent in the second.
boats—particularly Liberty vessels—have been used to meet
The Surplus Property Act recognized the need for clearing
shipping space requirements of our emergency relief and
private plants of inventories of unfinished products, raw
rehabilitation programs.
materials, jigs, and fixtures as quickly as possible, to enAs of June 30, 1947, about 1,400 vessels which cost the
able them to resume peacetime production with the least
Government approximately 2.9 billion dollars, were under
loss of time. Of the inventories acquired in the liquidation
charter to private companies. At the expiration of the
of war contracts the owning agencies have disposed of
charters, these vessels will be placed in the Maritime Comquantities aggregating about 3.5 billion dollars. This exmission reserve fleet, subject to over-all limitations on the
cludes the amounts transferred to the disposal agencies,
fleet, unless disposed of by sale before March 1948.
chiefly WAA. Of the 3.5 billion dollars, 2.8 billion dollars
Sales Realizations
October 1947
SUKVEY OF CUEEENT BUSINESS
Practically all ship sales have occurred since July 1, 1946.
The realized value of these domestic sales is more than twice
the value of the shipping produced by private industry in
this period.
Naval Vessels
The Navy's direct disposals of surplus combatant and noncombatant vessels in the United States from July 1944 to
June 1947 totaled almost 2,700 vessels, costing about 2
billion dollars and yielding about 9 million dollars. The
combat vessels are sold by competitive bid under the Act of
1883. They must be demilitarized and can be sold either
for scrap purposes or for commercial activity, if the demilitarized vessel is suitable and sanctioned for such activity.
Noncombatant vessels have been sold by the Navy Department at nominal amounts for scrap and salvage under WAA
Regulation 9.
The Department also acts as a regular WAA disposal
agency for certain coastal patrol boats. Such disposals
amounted to 34 vessels for about 500 million dollars.
Aircraft and Components
From July 1940 until VJ-day, about 45 billion dollars were
spent for 294,000
aircraft with the necessary components
and parts.6 By the end of June 1947, aircraft material
aggregating approximately 7.7 billion dollars, cost value, had
been declared surplus (table 3). Including future declarations, the entire aircraft-disposal program will probably not
exceed 8 billion dollars in terms of original cost.
Total-sales realizations from the disposal of airplanes
include slightly less than 100 million dollars from civilian
types costing about 1.2 billion dollars, including some miscellaneous disposals, and only 5 million dollars, mostly for
scrap from combat-type planes costing 15 billion dollars.
Components costing about 200 million dollars were sold for
about 50 million dollars.
Over this entire period, the private economy expended
almost 200 million dollars for new commercial planes. The
return from surplus sales was, therefore, 50 percent of the
private expenditure for new equipment. This is considerably higher than the corresponding figure for equipment
and private construction, and is exceeded in relative importance only by the surplus sales of merchant vessels.
During the past fiscal year, partly as a result of rather
sharp increases in private expenditures over the previous 18
months, the ratio of surplus-sales returns dropped to only
about 30 percent of private spending for aircraft materials.
Since further sales of civilian-type planes will not be substantial, the builders of commercial airplanes will have less
competition from this direction in the future.
Electronic Materials
Electronics disposals cover not merely the products of the
wartime developments in the fields of radio, radar, and tube
manufacture, but also wire telephone and telegraph equipment. The total expected for disposal is small when compared with an estimated 10 billion dollars spent for electronic equipment during the war.
Sales through the end of June 1947 totaled 300 million
dollars at cost value, for which 55 million dollars were
received by the Government. In addition, more than 80
million dollars at cost were miscellaneous disposals-—-chiefly
scrap sales, although some material has been donated to
schools and other nonprofit institutions. Close to 400
million dollars of inventories remained on June 30 with
estimated future declarations expected to add another 100
million dollars.
e Fourth-Quarter Report, 1945, Surplus Property Administration, p. 29.
3
758466—47
17
Overseas Goods
Responsibility for the disposal of all United States overseas
surplus is vested in the Department of State's Office of
Foreign Liquidation Commission. This property includes
not only that declared surplus by the United States Commercial Corporation, the Army and the Navy, but also that part
of lend-lease equipment being returned to American jurisdiction pursuant to provisions of the Act whereby all lendlease material no longer required by the armed forces of our
allies was to be returned to American authorities. Property
has thus far been declared surplus in more than 80 countries,
30 island groups, and, of course, in every theater of war
operations.
As of June 30, 1947, about 10 billion dollars of surplus had
already been declared to OFLC of which about 8 billion
dollars were disposed of, including some abandonments,
which yielded returns of approximately 1.7 billion dollars.
Inventories of about 2 billion dollars remained for disposal
and about 2 to 3 billion dollars may be expected as future
declarations to the disposal agency. The major part of the
disposal has been in the form of bulk sales agreements with
the governments of the various countries where our surplus
is located.
The Surplus Property Act states that the policy of the Act
is, insofar as is practical, to prohibit the importation of
property sold abroad. Exceptions have been made, however,
for the return of property deemed to be in critically short
domestic supply and urgently required for our own economy.
The determination of these commodities has been a function
of the Office of Temporary Controls in the past and is now
performed by the Department of Commerce.
Conclusions
In attempting to assess the economic importance of surplus
sales, it should be remembered that they took place under
conditions of high production, employment, and profits.
Had other economic conditions prevailed, the problems and
difficulties confronting disposal agencies would have been
more serious.
Any measurement of the impact of these sales must also
make a clear distinction between consumer and producer
surplus goods. In the case of the former, the sales were
small—less than 1 percent of total expenditures for consumer
goods during the same period of time.
Quite the contrary has been demonstrated by the disposal
of producer goods. Sales realizations of surplus producer
goods, plus their equivalent in the case of leased and chartered properties, have amounted to one-tenth of total private
expenditures for such goods during approximately the same
period of time. Furthermore, there have been important
segments of industry where purchases of producer sm pluses
exceeded, or were very large relative to, purchases of newly
produced plant and equipment.
The immediate availability of surplus producer goods was
of considerable aid in speeding the reconversion to peacetime
production, thereby limiting the amount of transitional
unemployment. The need for these producer goods was so
great that they were utilized even though in in many cases
they were not exactly what was desired for the proposed
operations.
Disposal activity will diminish in importance during the
fiscal year 1947-48. The increasing proportions of less
desirable goods in both inventory and newly declared surpluses will tend to reduce the future sales realizations,
especially when surplus sales have to compete with increased
quantities of currently produced, goods. The future disposals will consist increasingly of competitive-bid and negotiated sales, resulting in low returns relative to original cost.
Measures of Employment
By David R. Roberts
Among the most useful indexes of economic activity are,
of course, the various measures of employment. Like other
series of the first rank in utility for over-all economic analysis—as, for example, on national income, production, sales,
consumption, and prices—the employment data have certain
inherent advantages which give them precedence in particular fields of economic analysis. Similarly, among the various
employment series, some measures are more suitable to
detailed exploration of individual sectors of the economy
than are others, the latter being equally or more important
in different applications.
Employment statistics fall into two general classes: (1)
those obtained from business concerns in connection with
securing detail about various aspects of their operations,
such as the products they handle, their pay rolls, employment, hourly earnings, etc.; and (2) those obtained in connection with the classification of the population on the basis
of various labor force characteristics, such as participation
or nonparticipation in the labor force, employment, unemployment, age, sex, etc.
The first class is called an establishment approach. In it
employment has become the number of wage payments
recorded on the employer's books during a specified pay
period. The second type of operation is called a population
approach. Under it employment has become the number
of individuals who worked or held jobs during a specified
week. Apart from the fact that unpaid family workers and
self employed persons are included under the population but
not under the establishment approach, the two concepts
differ primarily because some persons hold more than onp
job during the pay period.
Wholly apart from differences in definition and measurement imposed by the nature of the operations which give
rise to employment statistics, the diverse purposes for which
they are used call for several figures rather than one. For
example, a study of factory labor costs would require that
employment be defined as the number of paid employees,
while a study of the utilization of manpower would require
that unpaid family workers be included in the definition.
First, there is the Unemployment Insurance series (hereafter referred to in this discussion as UI), which is a byproduct of the administration of the unemployment part of
the social security system. This is a tabulation of the
employment of all covered firms taken directly from the tax
returns which they are required to file. Coverage is broad,
but it does exclude a number of important industries and the
detailed coverage provisions vary from State to State. Filing dates do not make the figures available in time for use as
up to the minute employment data.
Secondly, there is the Bureau of Labor Statistics series (abbreviated in the text to BLS) of wage and salary worker employment in nonagricultural establishments. Historically,
this has evolved from the Bureau's program of collecting
for current use a wide variety of establishment data about
individual industries, and the estimation of total nonagricultural employment continues to be an integral part of that
1
The conclusions expressed in this article are the responsibility of the author. The article
has, however, been cleared by the Division of Statistical Standards, of the Bureau of the
Budget, with the agencies whose estimates are under discussion. The Division of Statistical
Standards finds that these agencies are in substantial agreement with the general conclusions
expressed.
NOTE.—Mr. Roberts is a member of the National Economics Division, Office of Business
Economics.
18
program rather than an independent undertaking. This
relationship has led to the placing of major reliance upon the
principal employers in each industry as a source of current
information. That in turn makes it necessary that the
series be adjusted periodically after more completely representative returns have become available.
Thirdly, there is the annual series of total employment,
exclusive of unpaid family workers, prepared in the National
Income Division, Office of Business Economics, Department
of Commerce, hereafter referred to in this discussion as the
OBE series. This agency's primary objective is the estimation of the national income. The development of data on
employment comparable to its estimates of wages, salaries
and other income is on an annual rather than a monthly
basis, and currency is not a primary objective, as it is in the
case of some of the monthly series. This makes it possible to
use complete data which are late in coming out, thereby
avoiding the necessity of subsequent adjustment.
Finally, the Bureau of the Census, through its Monthly
Report on the Labor Force, interviews each month a representative sample of households and classifies the individual
members into many status groups, such as inside or outside
the labor, force, employed, unemployed, etc. The sample
figures are weighted to represent the entire population and are
released currently. The characteristics, as well as the numbers of persons in the various labor-forces status groups, are
emphasized.
Characteristics of the Series
Some of these series exhibit rather widely divergent characteristics. This is attributable to differences in their
nature and in the manner in which they are constructed.
Such factors, insofar as they bear upon the more important
characteristics of the series, will now be examined.
Unemployment Insurance Series
The Bureau of Employment Security of the Social Security Administration issues for each calendar year a complete month-by-month tabulation of the employment of all
firms covered by the various State unemployment insurance
laws and by those of Alaska and Hawaii. The figures are
released about a year after the period to which they relate.
The basic data are reported to the Bureau by the emplo}^ment security agencies in the States, which obtain the
figures from tax returns submitted by all covered employers.
These returns are due at the end of the month following
each calendar quarter, and they list for each establishment
of every covered employer, with minor deviations, employment for each month of the quarter and total wages
paid during the quarter. While occasionally errors and
misunderstandings of instructions do arise, in general these
reports contain accurate data copied from the records of the
firm.
The assignment of an industry code to each establishment,
based upon periodic nature of business information obtained
from the employer, allows the tabulation of covered employment and wage data by industry, and the preparation of
national and State figures for covered employment for each
industry break-down. Activities are classified broadly into
October 1947
SUKVEY OF CURRENT BUSINESS
7 industry divisions, which are broken down into 77 major
industry groups, further subdivided into 402 industry
groups.
The State UI laws cover employers in a wide industrial
field but exclude, with minor exceptions, employers in the
fields of agriculture, railroading, government, domestic
service, and certain nonprofit lines. Within the covered
industries all firms employing eight or more people for 20
or more weeks within a calendar year are covered during
all of that year and the next calendar year in all States.
Thirty-three State laws have lower coverage minima. Of
these, 11 have no significant size not time minima; 4 have
only a time minimum; and 18 have size and time provisions
falling within these limits. Despite these restrictions,
UI coverage is very high in a number of important industry
divisions. (See table 1.)
A downward bias is imparted to the series during the
last 20 weeks of the year by coverage provisions relating
to size of firm and length of time in business. In an average
year in which the number of new enterprises is not usually
large, the extent of this downward bias is small. It has
been estimated, for example, that for the. years 1942-44,
the final October employment figures were about 0.4 percent
too low on the average, November 0.6 percent, and December
0.8 percent. However, in years like 1945 and 1946, when
there was an upsurge of new enterprises, their exclusion is
significant. This downward bias does not accumulate from
year to year, because each year's new firms are picked up
in the first quarter of the following year.
Table 1.—Unemployment Insurance Coverage as a Percentage of
Total Private Nonagricultural Employment by Industry J
Percent
Manufacturing . _
_
Communications and public utilities
Mining
_ _ _ _ _
Contract construction
Trade
Finance
. _
__
__ _ . __ ___ _
Service
Transportation
_ _
_ _ _
_
_ _ _
99
98
97
84
81
80
38
35
1
Percentages based upon relation between UI and National Income estimates for the year
1945 after making the more important classification adjustments.
In addition to the final tabulation just described, preliminary estimates of covered employment are issued for
the 3 months of each calendar quarter, about 5% months
after the end of the quarter. These figures are released
in less industrial detail than the final tabulations. They
consist of national totals for approximately 70 odd industries
and State totals for 7 major industry divisions.
The preliminary estimates are based upon reports received
up to the compilation date from employers who have filed for
both the current and immediately preceding quarters. In
most States this includes more than 90 percent of the covered
employment. The percentage change in employment from
the last to the current quarter, as shown by this group of
reports, is applied to the last final tabulation figure, etc.
The preliminary figures decrease progressively in completeness of coverage from month to month within the quarter.
During the first 3 quarters of the year the preliminary
estimate for the first month averages about 0.5 percent
below the final figure, the second month is down about 0.9
percent, and the third about 1.2 percent. During the last
quarter this pattern does not appear, because new firms
are excluded from both the preliminary and final figures.
Hence there is substantial agreement between the two series
during the fourth quarter of the year.
Complete industry and State break-downs of the UI data
are made available by the Bureau of Employment Security
to other governmental agencies, which use them extensively
19
as bench marks in the construction of other employment
series. In this use the effect of coverage provisions excluding small firms and those which enter business during the
latter part of the year, as well as the noncoverage of several
important industries, can be overcome by the use of supplementary data.
Bureau of Labor Statistics Series
The data-gathering activities of BLS cover the nonagricultural field apart from domestic service and self-employment. They include, in addition to estimates of the total
number of wage and salary workers (exclusive of domestic
servants, and the self-employed), estimates of production
worker employment, average weeldy hours, average hourly
earnings, and pay rolls. These data are issued for each of
the major nonagricultural industry groups (manufacturing,
construction, trade, etc.). Manufacturing is subdivided
into 20 major industry groups, which are further broken
down into 150 separate industries. Outside manufacturing,
data are published in comparable detail for about 25 separate
lines. Some of the series are broken down by State. Another
noteworthy characteristic of the BLS series is its currency.
The figures relating to each month are released about the
third week of the following month.
The method of estimating total nonagricultural employment has been influenced by the Bureau's older and still
very important objective of securing establishment data for
each of a host of individual industries. The approach in
each industry is to start on a given date with an independent
figure for total employment—a bench mark, as it is called—
and to move this figure from month to month in accord with
percentage changes in the employment of a sample of firms
selected from the industry in question. The emphasis upon
securing individual industry data led to the selection of
samples designed primarily to include the major employers
in each industry.
Making up the samples chiefly from the big employers
underrepreserits the small and tends to omit the new firms.
Omission of new firms results in an understatement of the
Chart 1.—Private Nonagricultural Employment as
Measured by Principal Series l
INDEX, 1st HALF 1945 = 100
II 5
NOTE - MAJOR PART OF THE DIFFERENCE IN
PATTERN OF MOVEMENT BETWEEN MRL f AND
BlS-Ul SERIES IS DUE TO NEW FIRMS WHOSE
EMPLOYMENT IS NOT IMMEDIATELY REFLECTED
IN THE TWO LATTER SERIES,
HO
105
too
U I)
95
90
I
I
i
I
\
I
1945
\
I
I
1
1946
i Excludes self-employed, domestic servants, and unpaid family workers.
Sources: Basic data, MRLF, U. S. Department of Commerce, Bureau of the Census;
BLS, U. S. Department of Labor, Bureau of Labor Statistics; UI, Federal Security Agency,
Bureau of Employment Security; indexes computed by U. S. Department of Commerce,
Office of Business Economics.
20
SUEVEY OF CURRENT BUSINESS
rise in employment—a downward bias, as it is called—
because, in general, firms that are still small and relatively
young grow more rapidly than the larger, well-established
firms. In manufacturing, the downward drift has been calculated to have averaged about 2 percent per year over the
last 10 years, and an anticipatory correction has been included since the series was revised in 1946. This should
offset the normal downtrend. For contract construction
and for trade, similar, though less formalized, procedures
have been adopted. In other industry groups anticipatory
adjustments are not used. The importance of the drift
varies from industry to industry according to the proportion
of small and new firms.
The downward drift just described is of a continuing yeariri and year-out character and generally it can be predicted
fairly well into the near future. During a period when there
is an abnormal number of business births, like the last half
of 1945 and the year 1946, the absence of immediate representation of the new firms imparts a nonrecurrent element of
underreporting which is not corrected by anticipatory adjustments based upon normal conditions.
Because of the great importance of small and new firms
in the service and finance fields, the Bureau, in December
1945, adopted a different type of sample for these fields of
employment. Sample city blocks were selected in numerous
places and every establishment in the block was canvassed.
Thereafter mail questionnaires were used, apart from an
annual personal canvass to pick up newcomers. Between
personal canvasses, new firms are not reflected in the sample.
This technique probably reduces, but does not eliminate,
the possibility of downward drift. Another problem in this
approach is the selection of a group of blocks which will
typify the United States. It is still too early to appraise
accurately the effectiveness of this new type of sample.
The periodic adjustment of the series to bench marks or
independent estimates of total employment confines the
drift to the period since the last adjustment. During the
war, revisions were not made regularly, but in April 1947,
one was completed which brought all the series up to third
quarter of 1945 bench marks, and the plan is to make annual
adjustments thereafter. There cannot be a lag of much less
than that indicated, primarily because of the lateness of
the bench-mark data and also because of the time necessarily
consumed in making revisions.
For bench-mark purposes, the BLS uses UI data in all of
the covered industries, supplementing them with estimates of
small firm employment based upon data from the Bureau of
Old-Age and Surviviors Insurance (abbreviated in the text
to OASI), another branch of the social security system, and
with figures from other sources. The OASI has roughly the
same industrial coverage as UI but it has no size exclusion.
Therefore, small firm estimates based upon OASI data are
added to the UI figures to obtain bench marks for covered
industries.2 Combined UI-OASI coverage is low in the
service field because it does not include certain types of
nonprofit organizations. An attempt is made to make good
this omission by estimates based on data from outside sources.
The nonmanufacturing field is not completely covered on
the sample side by the Bureau's operations or on the benchmark side by Social Security Administration data. Therefore, data from miscellaneous outside sources are used to fill
the gaps.
A monthly enumeration of railroad employment is obtained from the Interstate Commerce Commission. Federal
2~rhe OASI does not tabulate small firm employment separately on a regular basis. However in September 1940 and 1943 and in the first quarter of 1945, it did break down its data for
each'state according to the UI size exclusion in that State. These break-downs provided raw
material from which estimates of small firm employment are made for other periods. Apart
from the estimation, there are some uncertainties in combining UI and OASI small-firm data.
A number of small firms report to UI and these are counted twice. On the other hand, those
not covered by UI but temporarily over the UI size exclusion would not be included. Variations in employment and continuing liability to report may invalidate the inference that
firms having fewer than the specified minimum number of employees during the month for
which the OASI-size-industry break-down is available are not covered by UI.
October 1947
employment is for the most part a complete enumeration
obtained from the Civil Service Commission and other
agencies. State and local government employment, about
two-thirds of the group total, is obtained from the Bureau of
the Census, which bases its estimates upon reports from all
the State and large local governments and a sample of the
small local governments having a combined coverage of
nearly 90 percent of the employment.
Office of Business Economics Series
The National Income Division of the Office of Business
Economics, Department of Commerce, as a byproduct of its
calculation of the wages and salaries and proprietors' income
in the national income, derives employment series covering
the entire United States economy, with the exception of
unpaid family workers. The self-employed are shown in a
separate table from the employees. These series are published on a national basis for 68 industries, as well as in the
form of industry division totals, but no State break-downs
are issued. The industrial detail in the nonmanufacturing
area is greater than can be found in any series except UI.
In manufacturing there is considerably less detail than in the
BLS series.
The employment figures, because of their tie-in with the
whole national income calculation, are prepared only annually in the form of an average monthly figure for the year.
Preliminary data come out for each year during the summer
of the following year and final figures are issued about 6
months later.
In distinction from the agencies whose series have been
discussed thus far, the OBE does not originate most of the
basic data used in the construction of its employment series.
It relies upon other agencies for source material, itself performing the functions of assembly and adjustment after the
raw data are tabulated. The Office uses establishment statistics almost exclusively, but in the case of domestic servants,
where there are no establishment data, the figures are taken
from the Monthly Report on the Labor Force.
Within the industrial area covered by the Federal social
security system, the OBE uses UI and OASI data. UI data
are used on an individual industry basis for firms covered
by the UI system, supplemented by estimates based on OASI
data, using procedures similar to those for the BLS bench
mark estimates described above. A distinguishing feature
of the procedure is the adjustment of these employment estimates to make their total consistent with total pay rolls, the
adjustment being allocated among individual industries according to their small-firm employment. This procedure is
deemed to yield better employment estimates in the smallfirm sector not covered by UI than direct
estimation of
small-firm employment from OASI data.3
Other Establishment Series
There are a number of establishment series which cover
single industries. The Interstate Commerce Commission, on
s For a complete account of the National Income Division's method, see Edward F. Dcnison,"Revised Estimates of Wages and Salaries in^tho National Income, 1929-43", SURVEY OF
CURRENT BUSINESS, June 1945. Very briefly, this is the procedure for industries covered by
the Federal social security system. A figure for total pay rolls is secured by adding the employee earnings which are taxable under OASI (all those under $3,000 per year, regardless of
size of firm or length of time in business), employee earnings over $3,000 per year from UI,
estimates of employee earnings over $3,000 per year in firms not subject to UI, and pay rolls in
the railroad and related industries whose social security system is administered by the Railroad Retirement Board, rather than the Social Security Administration. For the covered
industries, this is a virtually complete pay-roll tabulation.
Independently, estimates of both pay rolls and employment are made for the same industries using the method already described In another connection, i. e., UI data for the
field of its coverage plus estimates for the small firms based upon the OASI-size industry
break-downs for September 1940 and 1943, and the first quarter of 1945. The railroad industry
data are again added in.
The all-industry pay roll derived by the second method falls short of that derived by the
first, largely because of the faultiness of the small-firm adjustment. Since the faulty adjustment affects both pay rolls and employment, the latter is revised upward by the ratio of two
pay-roll figures, distribution of the total adjustment among individual industries being
made proportionate to their estimated small-firm pay roll.
The National Income Division's preliminary estimates are calculated in the same manner
as the final estimates, the difference being that preliminary social security data are used.
SURVEY OF CURRENT BUSINESS
October 1947
the basis of reports from interstate carriers, tabulates a
complete enumeration of railroad employment. The Bureau
of Agricultural Economics of the United States Department
of Agriculture, on the basis of a sample of farmers, estimates
agricultural employment. Several private institutions compile employment estimates for particular industries.
small, they are subject to sampling variability which may
be relatively large. For larger figures such as total employment, the sampling variability is relatively small. The samping variability of month-to-month changes is smaller than
the sampling variability of figures relating to level. However, small month-to-month changes should be interpreted
with caution.
Monthly Report 011 the Labor Force
The Bureau of the Census is the only agency which collects
employment data using the population approach. This
involves, in the case of the decennial census, the enumeration
of the entire population, or, in the case of the Monthly
Report on the Labor Force, the enumeration of a sample of
the population. This approach yields a wide variety of
information about the labor force and other characteristics
of the entire population and makes possible the classification
of persons into many groups, of which the employed group
is only one.
The primary break is between those inside and outside the
labor force. The former group is subdivided into those who
are without jobs and actively seeking work, and employed
persons either at work or with a job from which they are
temporarily absent. The employed are then distinguished
according to their attachment to agricultural or nonagricultural industry, the number of hours worked during the enumeration week, the occupation and class of worker (Government employees, wage or salary employees of private employers, self-employed, and unpaid workers on a family farm or
in business). The unemployed are classified by duration of
unemployment and previous work experience. The persons
in each of these labor force groups are further classified
regularly by sex, age, veteran status, and color, and occasionally by marital status and family characteristics.
The data, which are issued each month about 4 weeks
after the date to which they refer, are derived from the enumeration of a small cross-section sample of households scientifically selected to represent the entire population.4 The
sample has been so designed that the extent of sampling
variability can be accurately determined. Census Bureau
reports containing MRLF figures indicate the extent of sampling variability attached to various figures. In interpreting
the figures, it is important to bear in mind the limitations
resulting from sampling variability. Where the figures are
4 Those who are interested in details as to sampling techniques are referred to M H Hansen
and W.M.Hurwitz/'New Sample.of the Population",U.S. Department-of Commerce. September 1944; and M H. Hansen and W. M. Hurwitz, "The Theory of Sampling from Finite
Populations, "The Annals of Mathematical Statistics, December 1943. Briefly, the procedure
is as follows:
The MRLF sample consists of about 25,000 households located in 68 sample areas comprising 125 counties and independent cities located in 42 States and the District of Columbia
As a first step in obtaining the sample, all of the counties in the United States were grouped
urban and rural residents of high and low economic level and provides a broad representation
of occupation and industries in the stratum from which it is drawn. From each sample area
a subsamplo of city blocks or other geographical segments is drawn. In the small sample
segments, all households are included in the sample. In the larger sample segments all
dwelling places are listed and a sample of dwelling places drawn.
Each sample household is interviewed for 6 or 7 successive months, and then is replaced
in order to avoid making the interviews burdensome to the household through a too prothe
• , , . , -
-.
-
,
~«> ""•" ^.^.v/viu vi. vi.iv; \j.u u,.ng,ci in s a m p e IS
distributed over a period of a number of months. The listings of dwelling units in sample
blocks and segments are brought up to date at frequent intervals, so that each new sample of
households will reflect any new construction, or demolition of existing structures
Each month, during the calendar week in which the 15th falls, a staff of trained enumerators
interviews some responsible person in each of the 25,000 households in the sample obtaining
information on the sex, age, and other personal characteristics of all persons in the household
and the employment status during the week preceding the interview of all persons 14 years
of age and over. Supplementary questions are also asked on occasions on such subjects as
migration, housing facilities, education, school attendance, family composition labor market
status at an earlier date, persons holding two or more jobs, and the like. Data for each nerson
14 years old or over are transferred to punch cards. At this point, each individual represents
populatk
by age, sex, and veteran status for the United States. For each age-sex-veteran status eroun
an adjustment factor is applied to the weights, so that the weighted sample results will aeree
by age-sex-veteran status with the independent estimates. The adjusted sample data are
then tabulated to provide estimates of the employment status of the entire civilian noninstitutional population of the United States.
21
Comparison of Series
Differences in Level
The most striking difference between the three monthly
series, as indicated by table 2, is that in general level. This
is chiefly a reflection of variations in coverage. The Monthly
Report on the Labor Force (hereafter referred to as MRLF)
includes self-employment, unpaid family work, domestic
service, and agriculture which are excluded from the Bureau
of Labor Statistics' estimates of employment. These exclusions are more than enough to account for the differences
in level.
If reduced to a comparable coverage, the BLS series
should be slightly higher than the MRLF, because while
the MRLF counts individuals, the BLS counts wage payments recorded by the employer during the particular pay
period—thereby including the same person more than once
in some instances. This difference in measurement can also
introduce a difference in pattern of monthly movement
during a period like the reconversion, when there was a
sudden increase in the amount of shifting from job to job.
Changing jobs may mean that the individual appears on
more than one pay roll during the pay period in question.
In addition to the employment excluded from the BLS
estimates, the unemployment-insurance series also eliminates
government, railroading, certain nonprofit industries, and
many small and new firms in the covered lines. Thus its
coverage is only a little over half of total employment, as
measured by the MRLF series.
Table 2.—Employment as Measured by Principal Series
[In millions]
Bureau of
the Census,
Monthly
Report of
the Labor
Force l
Years
1945:
January
February _
March
April
May
June
.- July
August _ September
October
November
December
1946:
January
_ _
February
March
April
May
June
July
August
September
October
November
December
_ _
__
_
_
_
_
_ _
_
.
_
_ _ _ _ _
__
Bureau of
Bureau of Employment
Labor 2 Security, UnStatistics
employment
Ins. Series 3
52 14
52 70
53.23
53 65
53 84
54.57
54 40
53.63
51 40
51 61
51.45
51 16
40 88
40 94
41.09
40 83
40 68
40 65
40 34
40.05
38 26
38 19
38.61
39 21
29 44
29 40
29. 53
29 25
29 09
29.09
28 74
28.38
26 94
26 64
27.03
27 39
51.02
51 24
52.46
54 12
54 85
56.36
57 84
57.69
57.05
57 03
57.04
56.31
38.75
38 15
39.18
39 91
40 26
40.68
40 88
41.47
41.85
42 07
42 44
42.93
27.53
27 06
27.91
28 78
29 11
29.58
30 31
30.80
30.90
31 08
31.34
31.50
1
2
3
Covers all employed persons including the self-employed and unpaid family workers.
Excludes self-employment, unpaid family work, domestic service and agriculture.
Includes only persons covered by the Bureau of Employment Security's Unemployment
Insurance: thus, in addition to the exclusions in footnote 2, it eliminates government, railroading, certain nonprofit industries and many small and new firms in the covered lines.
Neither of the widely used MRLF classifications—people
employed and people at work—is identical with the wage
payment concept. The difference between people employed
22
SUEVEY OF CURRENT BUSINESS
and those at work is accounted for by those who hold jobs
but are temporarily absent from them because of vacation,
illness, labor disputes, bad weather, etc. During a month
of important labor disputes or when vacation, illness, or
bad weather, etc., keep many people from work, the wagepayment concept is likely to be closer to MRLF at work than
to MRLF employment. The two cannot be identical, however, because of the growing prevalence of paid vacations and
sick leave.
October 1947
Chart 2.—New Firms Entering Business
THOUSANDS OF FIRMS
200
QUARTERLY
AVERAGES
THOUSANDS OF FIRMS
200
QUARTERLY
TOTALS
150
150
100
100
Divergent Patterns of Movement During Reconversion
More disturbing than the differences in level among the
series is the pronounced difference in the patterns of monthto-month change during the reconversion period. Chart 1
on page 19 depicts the variation after reducing the coverage
of all the series to private nonagricultural employment,
exclusive of the self-employed, domestic servants, and unpaid
family workers. On this basis, all the series drop precipitously after VJ-day. The MRLF immediately starts a
vigorous recovery, which brings it back to its first half of 1945
level in March 1946, and pushes it 10 percent above that
point by the last quarter of the year. The BLS and UI, on
the contrary, indicate a more protracted reconversion slump.
They do not regain their first half of 1945 levels until June
1946—3 months later than MRLF—and they are only 6
percent above those levels by the last quarter of the year.
This is about half the MRLF's rise.
Flood of New Firms Results in Differences in Pattern
A glance at chart 2 will provide the probable explanation
of the differences in pattern. The number of new firms
entering business rose from 91 thousand in the first quarter
of 1945 to 188 thousand in the first quarter of 1946. The
monthly establishment series, as will be recalled, do not
give immediate recognition to new firms.
In addition to the periodic—and necessarily delayed—
adjustment of its series to the bench-mark data, the Bureau
of Labor Statistics does make a current correction for
downward bias in its samples in manufacturing, trade, and
construction. This correction, however, is based on average experience and might not be adequate for the abnormal
1945-46 period.
The OBE estimate of annual average employment, which
takes into account preliminary 1946 OASI data, indicates
a rise from 1945 to 1946 substantially greater than that
shown by either the BLS or UI figures, and one which
is in
substantial conformity with that shown by MRLF.5 The
preliminary data on which the OBE 1946 employment estimates are based are subject to some qualification, and therefore the 1946 estimates cannot be accepted with the same
degree of confidence which attaches to the corresponding
figures for earlier years. Nevertheless, this comparison does
give support to the hypothesis that the BLS series does
understate the increase in employment from 1945 to 1946.
6 When the series are adjusted for comparable industrial coverage.
50
50
I
I
I
1940
1941
1942
1943
I
1944
I
I
I
?
I
1945
l
1946
l
47-451
Source of data: U. S. Department of Commerce, Office of Business Economics.
Effect of New Firms on Reconversion Pattern
The question of month-to-month pattern during the reconversion remains. A rough adjustment of the UI series,
whose pattern is generally similar to that of the BLS series,
was made in order to allow for the effect of new firms excluded
from coverage by the various State laws. This operation
brought the pattern of the UI series into general conformity
with the MRLF. The adjusted UI series regains its first
half of 1945 level in April 1946, only 1 month after MRLF,
as compared with nearly 3 months for the unadjusted UI
and BLS series. The adjusted series finishes the year 10
percent above its first half of 1945 level. This gain is the
same as that recorded by the MRLF and 3 percent above
the unadjusted UI and BLS series.
This analysis indicates that during the reconversion period
the MRLF has been the most satisfactory of the monthly
series for purposes of delineating trends in total employment
over a period of several months or more. The other series,
however, have important uses. One instance is the measurement of small changes in employment from one month to
the next. Here the BLS series is to be preferred. Its major
defect—downward drift—is most unlikely to distort monthto-month changes, while month-to-month comparisons with
MRLF data must be made with extreme caution, because of
sampling variability. The UI figures, because of their lateness and coverage exclusions, are unsuited for current
analysis of total employment. However, they afford more
industrial and geographic detail than any other series and
serve a highly useful function as bench marks in the construction of other series. In this use they can be supplemented with outside data for their uncovered areas, and
lateness is not crucial.
SURVEY OF CUEEENT BUSINESS
October 1947
23
New and Revised Series
Manufactured Dairy Products: Revisions in Production Data and Utilization of Milk in Manufactured Products for Page S-27 1
[Thousands of pounds, except data for utilization of mlk which are in millions of pounds]
Condensed milk
Cheese
Butter,
1946
Month
Bulk
Case
1944
1945
1946
1946
1944
1945
1946
1946
61, 966
63, 431
78, 191
89, 400
116,431
122, 408
107, 070
92, 370
82, 699
76, 494
63, 894
62, 893
67,832
67, 928
85, 227
103, 205
132, 946
138, 706
125, 774
107, 644
89, 613
78, 849
60, 831
58, 217
62, 381
62, 866
79, 306
97, 292
126, 406
130, 672
117,354
105,417
92, 445
84, 720
71, 127
69, 214
43, 215
43, 800
53, 291
65, 644
93, 226
97, 646
88, 506
81, 138
69, 988
61,883
51, 665
51,115
26, 191
30, 788
42, 577
50, 770
69, 054
63, 965
44, 029
30, 297
22, 625
19, 021
17,048
22, 061
26, 514
29, 980
43, 916
62, 972
83, 529
87, 217
71,509
53, 870
40,103
33, 867
29, 948
33, 275
39, 260
43, 547
61,481
86, 330
125,807
133. 525
112,694
98, 221
69, 685
52, 989
30, 146
33, 956
8,689
8, 255
9,997
11,939
12,826
13,075
10, 844
10,615
8,523
7,759
6,461
6,849
_ _ 1, 168, 129 1,017,247 1, 116, 772 1, 099, 200
801,117
438, 426
596, 700
887, 641
66, 760
36, 536
49, 725
73, 970
January
._ _
February
March _
April
May
_ __
June
July
August. _ __ _.
September
October
_ _
November. _
_
December
Total
Ameriican
Total 2
Monthly average
68, 852
66, 121
77, 058
93, 164
115,785
120, 749
129,957
117, 669
106, 850
100, 372
82, 392
89, 160
97, 344
84, 771
93, 064
91, 600
Dry skim milk
Utilization of
in
Evapor- milk
manuated milk, factured
1946
dairy
products,
1946
For human consumption
Total
1944
1945
1946
1944
1945
26, 006
28, 877
48, 771
59, 598
77, 948
80, 204
67, 379
51,969
41,249
35, 685
29, 551
35, 675
42, 522
42, 833
59, 214
70, 831
88, 475
87, 982
70, 288
51,852
40, 814
31,492
24, 581
31, 662
38, 775
41,099
57, 759
72, 834
93, 249
89, 805
74, 218
56, 043
38, 354
28, 853
25, 091
36, 624
582, 912 642, 546
652, 704
176, 433
178,694
231, 524
294, 962
373, 214
380, 880
335, 349
291, 296
240, 372
194, 974
167, 667
183, 929
2,542
2,489
3,020
3,695
4,670
4,840
4,745
4,257
3,759
3,429
2,845
3,020
26, 765
29, 718
49, 876
61, 104
80, 390
82, 941
69, 256
53, 479
42, 384
36, 651
30, 200
36, 555
43, 760
43, 844
60, 639
72, 684
90, 991
91, 141
72, 539
53, 345
41,867
32,129
24, 990
32, 125
39, 360
41, 689
58, 781
74, 540
95, 514
92, 177
75, 866
57, 250
39, 061
29, 283
25, 500
37, 233
115,832 3, 049, 294
43, 310
599, 319
660, 054
666, 254
254, 108
3,609
49, 943
55, 005
55, 521
9,653
48, 576
53, 546
1946
54, 392
1 Compiled by the 17. S. Department of Agriculture, Bureau of Agricultural Economics. Data for 1946 are preliminary and subject to further revision.
2
Data exclude a small amount of American cheese from full skim milk which has been included heretofore in the final figures but excluded currently. Exclusion of this item does not appreciably affect the comparability of the data with those for earlier years since, in most years, cheese from full skim milk amounted to less than 1 percent of total cheese.
Production-Worker Employment and Pay Rolls in Sawmills and Logging Camps: Revised Data for Pages S-10 and S-ll
Estimated number of production workers
(thousands)
1
Indexes (1939=100)
Month
Production-worker pay rolls
Production-worker employment
1939 1940 1941 1942 1943 1944 1945 1946
January
February
March
April
May
June _
July
August
September ___ _
October
November
_ _
December
_ _ _
_
_ _
_ _ _
Monthly average
1939
1940
1941
1942
1943
1944
1945
1946
1939
1940
1941
1942
1943
1944
1945
1946
283
282
283
299
312
316
318
328
332
342
341
328
330
328
331
336
346
347
347
368
379
382
382
376
370
379
390
406
416
432
458
470
475
477
457
451
442
446
450
455
463
472
481
486
471
460
453
444
424
420
428
434
440
448
454
453
439
435
433
422
408
411
413
411
417
426
434
438
426
418
419
412
408
408
407
398
404
404
401
400
385
358
364
374
385
389
399
419
434
447
454
473
469
474
480
473
90.2
90.0
90.3
95.3
99.5
100.6
101.3
104.4
106.0
109.2
108.8
104.4
105.1
104.5
105.4
107.2
110.3
110.5
110.7
117.4
120.8
121.8
121.8
119.8
117.9
120.7
124.4
129.4
132.6
137. 7
146.0
149.8
151.5
151.9
145.6
143.7
141.0
142.2
143.4
145.1
147.5
150. 5
153.2
155.0
150.0
146.7
144.5
141.6
135.2
134.0
136.3
138.4
140.2
142.8
144.8
144.5
140.1
138.6
138.1
134.6
130.0
131.1
131.6
131.2
133.0
135.8
138.2
139.7
135. 8
133.2
133.5
131.3
130. 1
130.0
129.6
126.9
128. 8
128. 8
127.7
127.6
122.9
114.2
115.9
119.2
122.7
123.9
127.3
133.4
138. 4
142.6
144.8
150.7
149.4
151.0
152.9
150.7
85.6
82.7
85.4
93.4
102.0
105.1
95.1
107.6
107.4
116.9
114.9
103.8
102.6
104.5
107.3
111.9
118.1
117.8
110.2
127.9
132.1
135.3
127.5
127.1
126.9
132.0
139.1
149.8
151.3
165.7
174.1
193.3
189.5
194. 2
175.0
170.0
169. 0
181.6
185.1
191.4
203.2
221.0
221.8
234.4
226. 3
233.1
219.5
208.8
191.3
205.5
215.2
230.0
246.7
255.0
246.2
266.2
255.4
257. 9
252. 3
238.1
221.0
234.3
237. 5
243. 3
250.6
264. 6
254.0
276. 1
258.4
264.0
244. 5
237.5
236.3
240. 1
240. 1
241. 4
243.7
252. 2
229.0
228.7
221.9
201.5
197.0
198.5
207.1
216.9
234. 2
249.8
264. 7
286.3
276.1
313.1
309.8
315.0
305.7
306. 9
314
354
432
460
436
419
393
441
100.0
112.9
137.6
146.7
139.0
133. 7
125.1
140.7
100.0
118.5
163.4
207.9
238.3
248.8
227.5
273.8
which together compose the group, is slightly below the group total. The group level for 1939 has not been lowered to equal this sum because of the relatively small amount involved and
the numerous revisions, small in magnitude, which would be required in the related durable goods and all manufacturing series.
The sawmills and logging camp industry includes establishments primarily engaged in the making of logs, bolts, and rough timber products such as hewn crossties, poles, posts, hewn
mine timbers, wheel and handle stock, and excelsior stock whether cut for own account or on a contract basis; in producing rough lumber, shingles, lath, sawed crossties, veneer and cooperage stock. Sawmills which further manufacture lumber into boxes, crates and shocks are included.
Production-Worker Employment and Pay Rolls in the Printing, Book and Job, Industry: Revised Data for Pages S-10 to S-ll1
Month
1939 1940 1941 1942 1943 1944 1945 1946
January
February
Mi arch
April
Mi ay
June
July
August
September
October
November
December
Monthly average
Indexes (1939 = 100)
Estimated number of production workers
(thousands)
Production-worker pay rolls
Production-worker employment
1939
1940
1941
1942
1943
1944
1945
1946
1939
1940
1941
1942
1943
1944
1945
1946
129
127
127
126
127
124
--- - 127
127
127
128
130
133
131
129
128
128
128
125
128
128
129
132
132
136
134
133
133
134
135
133
138
138
138
142
142
145
142
139
134
132
130
129
132
132
130
135
140
142
140
142
139
134
133
136
141
140
135
139
142
142
141
141
139
136
134
135
137
135
132
135
136
137
137
137
137
136
137
138
139
141
141
147
151
155
168
162
164
164
163
166
169
169
170
174
177
178
101.3
99.9
99.1
98.8
99.2
96.8
99.7
99.3
99.7
100.3
101.8
104.2
102.7
101.3
100.0
99.9
99.9
97.8
99.9
100.6
100.7
103.5
103. 4
106.2
105.1
104.4
103.9
104.8
105.4
104.0
107.9
108.2
107.7
111.3
111.5
113.4
111.5
108.7
104.8
103. 5
102.1
100.9
103.4
103.6
101.5
105. 9
110.0
111.4
109.7
111.5
109.0
105. 1
104. 5
106.9
110.1
109.6
106.1
108.9
111.3
111.2
110.8 107.1 123. 6 101.6
110.5 107.5 127.1 97.5
108.5 107.1 128.5 99.9
98.0
106.4 106.9 128.8
99.2
104.8 107.5 128.0
105.4 108.0 130.1 96.8
99.3
107.4 108.6 132.6
105.7 110.4 132.1 97.2
103.1 110,4 133.2 100.1
98.5
105.6 115.3 136.6
106.7 118.6 138.3 103.2
107.6 121. 4 139.5 108.6
105.7
100.4
101.9
101.2
102.5
98.8
100.9
99.9
102.3
105.8
104.9
113.9
110.8
109.2
111.4
110.2
112.7
111.8
116.2
116.5
117.7
121.7
124.3
130.6
125.6
119.5
116.9
115.5
113.7
112.1
115.3
115.2
114.9
124.1
133. 1
139.2
133.9
134.7
133. 0
128.9
131.0
136.0
137. 0
139.2
138.0
142.5
145.8
147.5
150.9
149.8
148. 9
146.4
146. 4
150.8
152.7
149.8
151.5
153. 9
157.1
160.1
161.3
158.7
160. 6
159. 8
159. 7
161. 9
162. 3
159. 2
174.4
176.7
187.1
194. 1
198.4
204.0
210.7
210.7
207.9
215.8
220.2
222.4
227.9
233. 4
241.4
253.7
128
129
137
135
139
136
141
168
100.0
101.3
107.3
105. 6
108.7
106.9
100.0
103.2
116.1
120.4
137.3
151.5
168.0
220.5
- - -
110.7
131. 5
i Compiled by the U. S. Department of Labor, Burau of Labor Statistics. The series have been adjusted to levels indicated by 1945 data from the Bureau of Employment Security of
the Federal Security Agency. This industry includes establishments primarily engaged in publishing without printing, publishing and printing, or printing without publishing of book and
pamphlets. It also includes general printing shops as well as shops specializing in printing newspapers and periodicals for others, and establishments engaged in designing and manufacturing of greeting, valentine, and Christmas cards.
SUEVEY OF CUEEENT BUSINESS
24
senting a duplicated count, since the sales of each firm entering into the corporate total relate not only to the value
added by it, but also the price paid for the material purchased
from other firms, which is already included in the sales of
those other firms.
In table 10, profits are compared with the total income
originating in corporate business. Profits, interest, and
compensation of employees are each shown as a percentage
of all the corporate income shares taken together.
Corporate profits before taxes in 1947, adjusted to eliminate inventory profits, represent about the same proportion of
total income originating in corporate business as they did in
1929; that is, about 22 percent. Both of these periods were
below the wartime peak of 26% percent.
However, profits after taxes, similarly adjusted, represented a much smaller proportion of income originating in
corporate business in the first half of 1947 than they did in
1929—or 11 percent as against 19 percent. This reflects
the increased corporate income tax rates. The current
11-percent profit rate is about the same as in 1939.
Including inventory profits, profits after taxes in the first
six months of this year were 16% percent of income originating in corporations—1% percentage points below 1929 and
about the same as in 1941.
Current rates of profits after taxes are, of course, much
higher than they were during the war period, when they
were held to between 10 and 12 % percent of total income
originating in corporate business, as a result of the excessprofits taxes.
Whereas corporate profits before taxes after elimination of
inventory profits currently represent the same proportion of
total income originating in corporate business as in 1929,
compensation of employees was up 3 percentage points to
77 percent of the total. Net interest originating in corporate
business, on the other hand, was down 3 percentage points, or
from 3% percent in 1929 to less than one percent of the total income originating in corporate business in the first half of 1947.
Corporate Profits in the First Half of 1947
(Continued from p. 9.}
with results of the last quarter of 1946. Railroad profits
improved moderately, but were far below the war years.
Air transportation, already in the red in 1946, fared still
worse in the first half of 1947. Current profit levels in total
wholesale and retail trade are somewhat uncertain because
of the inadequate coverage of available data, but reports of
the large general merchandise corporations show a considerable profit decline from the high earnings of 1946 as
profit margins narrowed. Net earnings in the telephone
industry were lower in the second quarter as a result of the
strike, profits dropping to less than half of the amount
earned in the first quarter.
Profits of most manufacturing industries tended to move
up in the first half of this year as compared with the rate
prevailing in the last quarter of 1946. The food and kindred
products industry, however, experienced a substantial profit
decline. Electrical machinery and transportation equipment (including automobiles) registered the greatest relative
profit gains among the manufacturing groups. The petroleum and coal products industry also showed substantial
gains in profits over the last quarter of 1946.
Table 9 presents estimates of corporate gross sales and
profits before and after taxes by a limited industrial breakdown for the first two quarters of 1947.
Table 9.—Corporate Sales and Profits Before and After Taxes, 1947 *
[Millions of dollars]
Corporate sales
2
A.11 industries total
IVIinins
IVI anuf acturing
Metal industries 4
Other manufacturing _ _
Wholesale and retail trade
___
Finance, insurance and real estate 3
Transportation
Communications and public utilities _ _
All other industries 5
Corporate prof- Corporate profits before taxes
its after taxes
1st qtr. 2d qtr. 1st qtr. 2d qtr.
1st qtr.
2d qtr.
3 71, 600
73, 641
7,139
6,874
4,286
4, 158
1,419
39, 908
13, 468
26, 440
21, 141
(3)
3,425
2,210
3,497
1,528
40, 563
14, 256
26, 307
22, 229
(3)
3,506
2, 085
3,730
178
4,308
1,457
2,851
1,205
453
254
404
337
196
4,110
1,364
2,746
1,161
463
277
312
355
129
2,567
845
1,722
711
283
138
246
212
141
2,461
796
1,665
685
289
169
190
223
October
Retained Earnings and Investment
Of the 8.5 billion dollars in profits after taxes earned
during the first half of this year, corporations paid out 2.9
billion dollars in dividends. Thus, retained earnings were
about 5% billion dollars. Together with the approximately
2 billion dollars of depreciation funds accumulated during the
first half of the year, corporations had 7K billion dollars
from these sources for corporate use.
Between January 1 and June 30, 1947, corporations added
almost 4 billion dollars to inventories, representing in part
an increase in the physical volume of inventories, and in
part the higher valuations due to rising prices.
During the half year, corporations also invested almost 7
billion dollars in additional plant and equipment. The
great bulk of the capital expenditures reviewed in a preceding section of this issue are made by corporate enterprises. Thus, corporate capital outlays in the first six
months of 1947 not only were sufficient to absorb all corporate savings and depreciation allowances accumulated during the same period, but also required corporations to obtain additional funds from other sources, including new capital issues.
1 Quarterly profits estimates for the same industrial break-down as above for 1945 and 1946
were published in the SURVEY for June 1947, p. 10. Annual profits estimates by industry
1929-46, were published in the National Income Supplement to SURVEY OF CURRENT BUSINESS for July 1947, pp. 30-32. Concepts and methodology have been described in "Trend
of Corporate Profits, 1929-45," SURVEY, April 1946, pp. 11-12. The principal change made
since that statement was prepared has been to adjust for tax credits flowing from the carry
bank of unused excess profits tax credit and net operating loss; that is, these tax credits were
added to profits after taxes in those years to which the tax credit was carried back.
2 Total profits for all industries include the adjustment for the net flow from abroad of
dividends and branch profits.
s Sales figures exclude industrial division of finance, insurance, and real estate. Presentation of sales data for these industries would be misleading in view of the large part of their
receipts which is in the form of property income.
* Metal industries comprise iron and steel, nonferrous metals, machinery (except electrical),
electrical machinery transportation equipment (except automobiles) and automobiles.
s All other industries comprise agriculture, forestry and fisheries, contract construction,
services, and the international balance adjustment.
Rate of Profits
In order to appraise the current flow of corporate profits,
it is necessary to relate them to some general measure of
economic activity, or, more especially, of corporate economic
activity. Corporate sales have been frequently used for
this purpose, but sales suffer from the disadvantage of repre-
Table 10.—Percentage Distribution of Income Originating in Corporate Business l
Income originating in corporate business __
Compensation of employees
"Wages and salaries
'•lupplements to wages a/nd salaries
Corporate profits and inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
_ - __
Inventory valuation adjustment
Net interest
- __ _ _
1929
1939
1940
1941
1942
1943
1944
1945
1946
100.0
74.2
73.3
.9
22.2
21.2
3.1
18.1
1.0
3.6
100.0
80.6
76.7
3.9
15.5
17.5
4.1
13.4
-2.0
3.9
100.0
75.9
72.3
3.6
21.2
21.5
6.8
14.7
-.3
2.9
100.0
72.6
69.3
3.3
25.5
30.1
13.9
16.2
-4.6
1.9
100.0
71.9
68.9
3.0
26.5
28.2
15.8
12.4
-1.7
1.6
100.0
72.8
69.8
3.0
26.1
27.0
15.7
11.3
-.9
1.1
100.0
74.3
71.0
3.3
24 8
25.2
14.9
10.3
-A
.9
100.0
76.8
73.3
3.5
22.3
22.9
12.9
10.0
-.6
.9
100.0
80.8
77.4
3.4
18.3
23.6
9.7
13.9
-5.3
.9
First
quarter
1947
100.0
77.5
74.4
3.1
21.7
28.1
11.2
16.9
-6.4
.8
Second
quarter
1947
100. 0
77.2
74.1
3.1
22.1
26.0
10.3
15.7
-3.9
.7
SURVEY OF CURRENT BUSINESS
October 1947
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CUREENT 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 (t), respectively, the accompanying footnote indicating where historical data and a descriptive
note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer to adjustment of monthly figures for seasonal
variation.
Data subsequent to August for selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT *
Seasonally adjusted quarterly totals at annual rates:
National income
bil of dol
Compensation of employees
do
Wages and salaries
do
Private
do
Military
do
Government civilian
do
Proprietors' and rental income
Business and professional
Farm
do
do
do
Corporate profits and inventory valuation adjustment
bil of dol
Corporate profits before tax
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
Gross national product
do
Personal consumption expenditures
do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment
do
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services
bil of dol
Federal
do
State and local
do
Personal income
do
Less: Personal tax and nontax payments do
Disposable personal income
do
Personal savings §
do
179 9
119 2
113 6
93.8
6 7
13.2
55
41.9
19.9
15.2
6 8
191.0
122 2
117. 1
98.0
56
13.5
51
46.7
22.0
17.8
7 0
197.6
124 9
119.4
101.5
4 6
'13.3
5 4
47.0
22.4
17.6
7 0
199.4
125.8
120.3
103.0
4.1
13.1
5.5
47.0
21.8
18.0
7.2
15 6
22.9
9.3
13.5
—7.3
3. 2
207.5
147.3
16.2
88.9
42.1
27 0
8.9
13.2
4.9
4.5
18.8
27. 1
11.0
16. 1
—8.3
3.2
218.6
154.9
18.2
93.6
43.1
30.4
9.3
15.7
5.4
5.2
22 4
29.0
11.6
17.4
-6.6
33
222. 2
156 8
19.0
94 0
43.8
29 6
10.3
16.6
27
9.2
23.3
27.4
10.8
16.6
-4.1
3.3
226.0
159.0
20.0
95.0
44.0
28.8
9.5
17.8
1.5
10.6
28.6
18.2
10.4
179.5
19.1
160.4
13.1
28.2
16. 9
11.2
187.5
19.5
168.0
13.1
26.6
17 7
11.2
190 9
21.4
169.4
12.6
27.6
17.7
11.7
191.6
21.6
170.0
11.0
PERSONAL INCOME*
Seasonally adjusted, at annual rates:
Total personal income. bil. of dol
Wage and salary receipts, total
do. __
Total employer disbursements
do
Commodity-producing industries
do
Distributive industries
do
Service industries
do
Government
do
Less employee contributions for social insurance
bil. of dol_.
Other labor income
__do
Proprietors' and rental income _ _
do
Personal interest income and dividends. .do
Total transfer payments ._
. do
Total nonagricultural income
do
180.9
112.3
114.2
48.5
31.9
14.0
19.8
178.5
113.0
114.8
49.4
31.8
14. 1
19.5
184.0
113.6
115.4
49.5
32.0
14.2
19.7
188.4
115.4
117.2
50.6
33.0
14.4
19.2
189.9
117.0
118.8
52.3
33.5
14.4
18.6
190.3
117.1
119.2
53.1
33.5
14.6
18.0
190.7
117.5
119.6
53.2
33.7
14 6
18 1
191.8
117.5
119.6
53.7
33. 7
14 6
17 6
190.2
116.7
118.9
53.2
33 4
14 8
17 5
191.5
118.3
120.4
54.1
34.2
14 9
17 2
195.1
121.1
123.2
55.5
35.3
15 2
17.2
' 196. 1
' 123. 3
'55.1
' 35. 5
'r 15.4
17.3
194.4
122.1
124.2
56.0
35.7
15.3
17.2
1.9
1.6
42.9
13.3
10.8
160.5
1.8
1.6
39.5
13.3
11.1
162.0
1.8
1.6
45.3
13.3
10.2
162.7
1.8
1.6
47.6
13.5
10.3
165.6
1.8
1.6
47.2
13.7
10.4
167.3
2.1
1.6
46.6
13.9
11.1
168.2
2.1
1.7
46.8
14.0
10.7
168.5
2.1
1.7
47.7
14.0
10.9
168.8
2.2
1.7
46.9
14.0
10.9
167 8
2.1
1.8
46.9
14.0
10.5
169.2
2.1
1.8
47.6
14.1
10.5
171.9
2.1
1.8
'47.8
'14.2
11.1
' 172. 3
2.1
1.8
45.8
14.2
10.5
172.6
'121.2
NEW PLANT AND EQUIPMENT
EXPENDITURES*
All industries, total
Electric and gas utilities _ - . _ _ _
Manufacturing and mining
Railroad
Commercial and miscellaneous
mil. of dol
do
do
do
do
3,310
280
1,810
160
1,070
3,730
360
1,920
180
1,280
3 160
330
1 600
160
1 080
' 3, 940
'450
' 2, 010
'220
' 1, 260
FARM INCOME AND MARKETINGS
Cash farm income, total, including Government
r
r
r
2,123
3,401
2,999
2,438
' 2, 284 ' 1, 897
payments*
mil. of dol
2,388
2 076
' 2 211
1 974
2, 026
2,110
2,986
2,420
' 2, 248 ' 1,r 853
From marketings and C, C. C. loans*
do
2,325
3,386
r 1, 989
' 2, 185
2, 505
••2,010
' 1,914
2,657
r
1,108
1,862
1,450
999
Crops* __
. _
_.do
1,211
'692
'621
r 743
1,187
••918
594
1,205
707
r
Livestock and products*
.
do
899
1,524
1,421
1,217
1,536
' 1,
330
'
1,
146
'
1
442
1,
318
1
452
1,318
*
1
320
'
1,
368
T
r
342
Dairy products*
do
370
343
315
317
'345
330
'379
'392
382
353
'292
345
r
r
r
r
302
612
933
829
Meat animals*
do
875
807
743
667
' 705
' 782
711
726
785
Poultry and eggs*
do
211
274
236
288
266
'187
'224
232
'234
251
'181
'236
'261
' Revised. § Personal savings is the excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
* New series. Quarterly data for 1939-46 and annual data beginning 1929 for national income and gross national product and monthly data for 1929-46 for personal income are published in the
National Income Supplement to Survey of Current Business", which is available from the Superintendent of Documents, Washington, D. C., for 25 cents; these series are compiled by the U.S.
Department of Commerce. For source and a brief description of the series on plant and equipment expenditures, see note marked
on p. S-3 of the September 1947 Survey. Revisions for
January 1945-May 1946 for farm income are available on request; see note in September 1947 Survey regarding earlier data.
4
Digitized for758460°—47
FRASER
SUEVEY OF CUKEENT BUSINESS
S-2
October 1947
1947
1946
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS
FARM INCOME AND MARKETINGS— Con.
Indexes of cash income from marketings and
C. C. C. loans, unadjusted:
All commodities f
1935-39=100. _
Cropst
do
Livestock!
do
Indexes of volume of farm marketings, unadjusted:
All commodities*
1935-39 = 100. .
Crops*
_do.
Livestock*
do
321
318
424
237
510
652
402
449
508
405
364
350
375
••338
••322
••351
••279
••247
••302
••303
'242
••348
288
'208
'349
145
156
136
130
162
106
188
231
155
168
169
166
150
153
148
'147
' 120
r!54
r!42
r 115
'124
' 122
'101
138
'116
'80
' 143
180
184
184
183
180
'184
185
187
186
191
191
192
188
192
193
195
do
*-^
do
- do _ _
_ do _
_do _ _
__do
do
do _ _
do
-do __
- do __
do
_ do
do
210
184
144
152
140
254
159
163
150
204
179
154
261
242
182
214
185
147
152
144
261
172
176
161
212
188
155
270
240
188
215
184
142
155
136
268
184
191
167
209
181
158
258
237
185
214
178
139
157
131
271
192
198
176
207
175
155
254
235
187
209
159
129
160
114
276
197
203
182
203
161
158
247
235
187
218
192
126
161
107
277
202
209
184
208
148
156
273
229
181
220
191
135
167
118
277
206
213
190
205
154
156
255
233
190
Nondurable manufactures!
do
Alcoholic beverages!
_do _ _
Chemicals!
__do
Industrial chernicals*
do
Leather and products!
__do
Leather tanning*
do
Shoes
- --do _ _
Manufactured food products!do
Dairy products!
do
Meat packing
- - -do
Processed fruits and vegetables*
do
Paper and products!
- -do
Paper and pulo!
-- -do
Petroleum and coal products!
do
(Hoke
- - -do _ _
Petroleum re fining i
do
Printing and publishing!
do__ _
Rubber products!
do
Textiles and products!
- - -do
Cotton consumption
do
Kay on deliveries
- do
"Wool textile production
do
Tobacco products
do
166
174
233
395
119
100
133
164
172
237
235
395
118
99
131
164
172
221
240
402
117
98
130
158
172
210
250
422
114
110
117
157
p 175
p 151
f 120
122
255
147
142
37
315
150
144
117
216
152
146
174
196
244
411
123
114
129
158
*96
181
147
153
147
v 182
v 181
p 179
P 177
v 178
165
166
167
152
143
171
206
250
430
116
113
118
149
p 95
191
102
156
150
P180
171
123
221
163
149
240
173
161
128
234
168
153
242
181
166
135
234
169
155
248
178
179
135
243
174
164
256
181
172
141
252
164
141
254
180
138
- do
do
do
do
do
do
147
150
120
156
151
132
149
151
125
163
149
136
147
150
124
160
149
126
135
140
123
116
150
105
do
178
180
182
do
184
186
188
do__ _
do
do
- do
do
-do _ _
do
. _ do
do
do
- do _
do
do
do
do
do
do
do
do
do _ _
do
do
__do. __
do
do
208
135
126
159
150
197
159
150
251
164
174
237
120
101
147
212
137
129
172
161
204
162
150
265
165
227
235
119
101
136
p 137
138
155
147
142
'299
' 217
'361
••329
260
'381
'400
422
383
377
416
348
'126
'87
156
138
106
'161
167
180
' 156
152
170
138
185
185
185
'178
J> 185
193
191
191
' 184
P 190
223
196
140
166
126
281
200
202
196
209
157
159
269
239
197
222
195
143
161
134
276
196
193
203
208
166
16C
263
237
193
219
197
' 145
158
' 138
273
187
182
198
206
148
162
269
225
179
'220
193
' 349
159
'143
275
179
176
187
209
183
163
254
233
191
'208
181
'141
' 155
' 133
'266
' 172
169
180
'196
181
' 161
'225
'217
' 185
*213
v 189
p 148
p 159
p 143
P 269
P 169
171
195
252
429
123
127
121
140
P 107
152
86
157
151
J>185
172
171
187
254
431
121
121
121
140
p 127
138
83
159
154
*185
172
169
182
253
433
115
118
113
144
P 161
139
88
156
150
p 179
166
169
167
252
435
113
119
109
149
p 202
151
90
161
155
P 184
169
168
178
247
' 439
106
112
103
154
P229
150
101
160
155
»191
165
' 164
182
'247
'438
'98
99
97
'167
*229
116
'172
'145
'140
p 195
161
P 172
181
P248
P 437
133
247
172
161
263
171
157
138
246
173
161
262
178
160
145
239
172
160
270
172
149
144
234
166
154
270
159
151
145
220
164
148
271
161
142
146
216
' 155
133
263
' 155
165
r
130
'207
'142
118
'263
130
162
P 137
P208
p 154
130
267
132
141
121
130
147
76
141
151
118
173
146
81
141
150
107
162
150
84
143
153
113
163
153
83
139
144
102
127
155
112
153
156
104
165
157
140
152
153
110
147
159
'148
' 146
' 144
93
117
' 160
' 154
*155
P 155
plU
p 151
P161
» 153
183
182
189
189
190
187
185
184
' 176
P 182
191
190
196
197
198
194
191
'191
' 183
p 188
214
136
127
184
168
200
156
149
250
168
206
238
117
97
146
214
142
135
192
175
202
162
150
251
173
213
243
121
110
156
211
141
132
197
181
210
177
152
265
174
234
249
115
110
162
r> 146
v 146
P 147
115
167
152
146
163
160
153
147
151
170
150
146
v 182
v 181
p 179
f 177
P 178
157
p 153
149
151
159
154
P 185
222
144
135
196
203
211
175
164
263
172
189
251
116
119
158
P 154
150
145
156
150
P 179
218
'142
'134
187
198
200
141
162
251
170
162
253
113
119
155
P 152
151
138
161
155
p 184
'219
'142
'133
179
188
207
171
165
257
168
159
250
107
'114
154
p 155
152
132
160
155
P191
'207
'133
121
' 172
181
' 195
164
' 161
'235
164
164
' 251
' 100
104
' 155
P 157
156
'132
'146
' 140
P 195
P211
p 140
p 130
pl69
p 181
p 197
38
143
150
144
222
147
137
206
190
219
203
164
263
176
223
251
120
118
156
p 149
159
137
157
151
P185
225
147
138
200
195
218
192
165
269
175
208
251
122
P143
221
142
131
202
184
219
182
168
278
176
241
251
116
113
161
p 148
163
157
156
150
p 180
129
163
155
128
168
157
132
169
173
130
174
169
138
164
148
138
172
158
140
173
168
142
172
158
141
166
160
142
164
142
146
' 155
159
'139
' 142
156
P 144
154
160
350
388
r
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted combined indexf
Manufactures!
1935-39=100-.
-
do
Durable manufactures!
Iron and steel t
Lumber and products!
Furniture!
-Lumberf
_ __
Machinery!
T\Ton ferrous metals and products! Fabricating*
Smelting and refining*
Stone clay and glass products!
Cement
Clay products*
Glass containers!
Transportation equipment
__
Automobiles!^
Minerals!
Fuels t
Anthracite!
Bituminous coal!
Crude petroleum
Metals
Adjusted combined index!
Manufactures
Durable manufactures
Lumber and products
Lumber
NTonferrous metals
Smelting and refining*
Stone clav, and glass products.
Cement
Clay products*
__
Glass containers
Nondurable manufactures
Alcoholic beverages
Chemicals
Leather and products
Leather tannin01*
Manufactured food products
Dairy products
_
Meat packing
Processed fruits and vegetables*
Paper and products
Paper and pulp
_ _Petroleum and
coal products
Pctroleurn refining!
Printing and publishing
Textiles and products
Tobacco products
f 95
175
132
150
146
P 181
p 204
p 162
241
P216
P 184
P 174
P 192
P 127
P222
P 155
p 150
165
p 158
231
P 170
176
v 252
p 156
P147
P145
P 136
P156
p 150
' 141
148
148
143
151
P 150
146
146
137
136
145
144
146
Minerals
do
' 122
'119
122
p 119
111
136
'124
117
117
111
117
111
107
Metals
do
•• Revised. » Preliminary. JIndex is in process of revision.
*New series. Data beginning 1939 for the new series under industrial production are shown on pp. 18 and 19 of the December 1943 Survey. For a description of the indexes of the volume
of farm marketings and data for 1929-42, see pp. 23-32 of the April 1943 Survey; indexes since 1942 are from the U. S. Department of Agriculture.
•[Revised series. For revisions for the indicated unadjusted indexes and all seasonally adjusted indexes for the industrial production series, see pp. 18-20 of December 1943 Survey; seasonal
adjustment factors for a number of industries were fixed at 100 beginning various months during 1929-42; data for these industries are shown only in the unadjusted series. Revisions for January 1945-May 1946 for the indexes of cash income from farm marketings are available on request; see note in September 1947 Survey, p. S-l, regarding earlier data.
SURVEY OF CUREENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS 'ORDERS, SHIPMENTS,
AND INVENTORIES
New orders, index, totalf
avg. month 1939=100.Durable goods industries
do
Iron and steel and their products
do
Machinery, including electrical _ _
__ do
Other durable goods
do
Nondurable goods industries
do
Shipments, index, totalf
do ___
Durable goods industries
do
Automobiles and equipment
.. do _
Iron and steel and their products
do
Machinery, including electrical
_
do
Nonferrous metals and products
...do
Transportation equipment (exc. autos)-._do
Other durable goods industries
__ do
Nondurable goods industries
do
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-mile 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
Machinery, including electricalf
do
Nonferrous metals and products*
do
Transportation equipment (exc. autos)_do
Other durable goods industries f
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! _ _ d o
Estimated value of manufacturers' inventories*
mil. of dol__
211
232
250
••230
245
' 271
' 304
' 315
^327
r 202
r 193
231
262
228
254
228
248
233
254
241
271
240
270
254
295
249
288
241
279
235
256
292
166
198
222
233
188
281
321
173
212
240
259
216
267
318
173
215
244
262
217
274
314
186
221
267
278
235
294
326
204
223
276
292
255
295
308
215
222
274
292
246
327
344
224
229
290
311
267
319
336
217
226
288
312
268
308
316
219
219
288
320
276
273
294
209
222
283
313
258
212
257
229
289
228
287
237
315
232
346
246
326
256
364
263
364
268
366
265
368
r 274
••251
395
241
276
289
319
340
335
366
366
371
365
349
457
230
215
206
531
247
227
223
506
263
231
224
503
270
260
250
561
271
266
255
572
283
260
264
567
290
275
277
547
290
272
278
597
300
265
278
600
286
262
265
'669
268
271
253
198
196
282
180
244
222
209
311
207
248
225
203
333
217
306
242
219
313
221
306
248
232
352
219
291
255
224
290
213
309
273
229
315
228
301
268
236
322
222
282
276
244
311
209
282
273
252
300
199
••277
••263
'339
'290
'500
'258
'259
'252
'291
'250
'263
218
221
240
251
254
267
263
265
263
265
' 187
'256
200
193
186
190
197
200
204
209
213
217
222
226
228
'228
231
200
252
131
261
161
206
258
134
268
163
211
263
137
276
167
215
259
137
284
167
220
256
138
290
166
226
269
140
299
179
232
284
142
306
182
238
298
143
316
184
244
300
145
326
184
251
314
150
334
186
254
321
684
136
173
708
141
176
739
144
184
781
147
187
819
153
190
816
156
195
860
159
197
897
165
199
928
170
203
959
172
204
171
183
178
124
198
168
186
174
184
181
129
204
171
189
180
195
183
132
212
174
200
185
199
183
134
215
173
207
195
202
185
133
216
174
208
199
206
187
134
238
177
217
204
203
192
133
250
178
221
211
202
196
136
262
183
222
222
201
201
139
273
188
223
228
199
206
142
282
189
222
18, 466
18, 886
19, 533
19, 896
20, 259
20, 805
21, 176
21,612
22, 058
' 230
292
323
280
r 265
298
' 259
T 271
212
••271
287
'264
301
••216
r 153
339
186
••966
172
205
227
' 194
218
145
291
256
'320
' 157
'341
191
292
304
199
212
280
298
252
270
354
285
528
283
267
257
288
267
270
271
259
327
163
344
188
'972
'171
204
'225
'195
'229
'148
988
170
207
' 184
222
210
238
152
228
r 222
180
218
22, 424
' 22, 637
' 22, 676
22, 983
378
33
20
155
119
51
17 326
739
321
10, 971
3,037
2,258
283
21
23
95
108
36
18 982
610
664
14 22C
1,614
1,874
299
30
17
107
105
40
37 137
19 863
384
12 466
2 144
287
23
19
99
102
44
14 903
655
176
10, 426
1,668
1,978
2,870
2 893
2 595
2,494
' 186
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER*
Operating businesses, total, end of quarter
thousands
Contract construction
do
Manufacturing
do
Retail trade
do
Wholesale trade
do
Service industries
do
All other
do
New businesses quarterly
do
Discontinued businesses quarterly
do
Business transfers quarterly
do
3, 595. 3
241 9
p 3, 726. 6
3, 657. 8
246 4
305.1
1, 694. 3
168.8
298.8
1,661.8
165.7
681.9
545.1
146.8
46.3
108 3
P256 6
»311.4
f 1, 722. 2
Pl73 3
695.4
f 709. 7
^553 3
547 9
112.3
49 8
88.5
v 122. 0
P 53 2
* 126. 8
INDUSTRIAL AND COMMERCIAL
FAILURES
Grand total
number. _
Commercial service
do
Construction
__
- do_ _ _
Manufacturing and mining
do
Retail trade
do
Wholesale trade
_._ __ _ _ _ _ - d o
Liabilities grand total
thous of dol
Commercial service
do
Construction
- _ - - do_ _
Manufacturing and mining
do
Retail trade
_
_ ___ do_ _ _
Wholesale trade
_
do
92
12
12
37
26
5
3 799
459
516
2,113
297
414
96
11
17
32
28
8
4 877
311
1,368
2,510
367
321
3,550
3,399
123
11
14
60
21
17
104
13
9
38
36
8
6,400
12,511
3,202
4,975
8,492
147
500
352
426
136
392
289
141
14
18
58
35
16
17, 105
801
266
7,217
1,025
238
22
20
92
70
34
12, 976
651
766
254
21
13
108
88
24
15 251
758
341
7,796
202
17
15
67
76
27
15, 193
582
575
11, 020
1,674
1,342
2,509
1,396
1,169
1,647
277
23
16
117
84
37
16, 080
1,015
247
11, 822
1,503
1,493
3,561
4,202
3,018
3,299
2,996
7,654
11,336
2,280
BUSINESS INCORPORATIONS
New incorporations (4 states)
number
3,771
3,068
' Revised. 3 Preliminary.
ry.
j.> v, »v series
ov,i ,v o. For estimated value of manufacturers' inventories for 1938-42, see p. 7 of the June 1942 Survey and p. S. 2 of the May 1943 issue. For data through 1944 for the series on oper*New
ating
and
business
turnover,
of the May 1946 Survey and p. 10 of the May 1944 issue.
iig businesses
uusuiesses
diia
uusrness
luiiiuvui, tsee pp. 21-23
^—' -1 series.
~~~•-- See
° notes
* marked
arked "t"
tRevised
' °n PP- s~2 and S-3 of the September 1947 Survey for reference to revised data for manufacturers' orders, shipments and inventories.
SUEVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1947
1946
August
September
October
1947
November
December
January
February
March
April
May
June
July
August
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!— 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
Prices paid:*
All commodities
1910-14=100
Commodities used in living
__do_
Commodities used in production
do
All commodities, interest and taxes
_ do
Parity ratio* ._ _ _
do
225
388
271
203
162
242
263
294
257
199
243
236
207
221
396
285
210
154
236
250
249
271
221
273
244
218
222
410
304
208
151
255
299
318
300
257
263
230
220
187
399
236
186
207
342
294
313
307
230
264
232
224
186
406
242
211
166
334
294
311
312
226
260
236
223
184
399
240
196
238
336
281
306
292
201
262
245
235
185
390
246
203
275
334
278
319
270
192
280
266
283
212
390
257
215
299
360
292
345
269
199
276
269
277
223
387
260
223
295
358
282
331
257
204
272
268
276
218
390
270
222
286
326
275
327
241
203
271
262
253
240
390
275
228
215
318
278
338
233
205
214
221
204
204
123
210
217
••201
200
122
218
231
202
207
132
224
239
204
212
124
225
239
207
213
124
227
242
207
215
121
234
248
215
221
119
240
252
224
227
123
243
255
227
230
120
242
254
226
229
119
244
252
233
231
117
159.8
164.3
167.2
171.5
172.7
172.7
172.7
177.2
177.2
177.1
178.7
179.7
118.0
114.4
119.8
116.2
119.6
116.4
119.6
116.5
119.6
117.6
121.6
121.9
121.6
122.2
121.6
122.3
121.5
122.5
116.8
123.4
116.8
123.6
119.2
129.5
144.1
161.2
171.2
135.4
180.1
178.3
186.6
113.7
91.8
135.0
160.0
108.7
129.8
145.9
165. 9
174.1
137.3
186.6
176.4
188.5
114. 4
91.7
136.5
165.6
108.8
129.9
148.6
168.1
180.0
138.5
202.4
176.5
190.7
114.4
91.6
136. 6
168.5
152.2
171.0
187.7
140.6
198.5
184.5
203.6
114.8
91.8
137.2
171.0
153.3
176.5
185.9
141.7
200.9
185.0
197.8
115.5
92.0
138.3
177.1
131.0
132.5
136.1
153.3
179.0
183.8
143.4
190.1
187.9
199.0
117.3
91.9
142.1
179.1
108.8
137. 1
153.2
181.5
182.3
144.1
183.2
191.7
196.7
117.5
92.2
142.3
180.8
108.9
137.4
156.3
184.3
189.5
148.1
187.5
199.6
207.6
117.6
92.2
142.5
182.3
109.0
138.2
156.2
184.9
188.0
153.4
178.9
200.4
202.6
118.4
92.5
143.8
182.5
109.0
139.2
156.0
185.0
187.6
154.2
171.5
207.0
203.9
117.7
92.4
142.4
181.9
109.2
139.0
157.1
185.7
190.5
154.6
171.5
205.0
216.9
117.7
91.7
143.0
182.6
109.2
139.1
158.4
184.7
193.1
155.0
178.8
202.0
220.2
119.5
91.7
146.6
184.3
110.0
139.5
249
233
203
'
276
263
251
253
390
289
215
189
314
286
343
244
220
276
255
246
270
383
267
177
211
308
295
349
258
224
244
252
234
231
119
249
256
239
235
117
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
1935-39=100
Coal (U. S. Department of Labor indexes):
Anthracite
1923-25=100
Bituminous __
.
_ _ d o_
Consumers' price index (U. S. Department of
Labor) :§
Combined index
1935-39=100
Apparel
_ __
do
Food
do
Cereals and bakery products*
_ do
Dairy products*
__
do
Fruits and vegetables* _
do
Meats* •_
__
do___
Fuel, electricity, and ice
do
Gas and electricity*
_
_ _ do
Other fuels and ice*
do
Housefurnishings
do
Rent 1
do
Miscellaneous
do
"» 126. 5
P 139. 2
WHOLESALE PRICES
U. S. Department of Labor indexes:
147.1
147.7
139.7
140.9
141.5
144.5
124.0
134.1
149.5
148.0
150.8
129.1
Combined index (889 series) cf
. 1926=100 _
153.6
Economic classes:
134.7
141.9
141.7
117.2
' 141. 7 ' 144. 0
135.7
136.7
139.7
129.6
143.3
123.9
147.6
Manufactured productscT-.
.
do
158.6
153.4
160.1
160.2
141.4
153. 2
152.1
154.9
163.2
»• 165. 3
145.7
148.7
167.0
Raw materials
do
144.9
144.5
129.1
115.0
136.2
142.1
118.2
138.8
145.9
145.9
147.0
149.5
111.9
Semimanufactured articles
_ do
177.0
175.7
169.8
177.9
168. 1
170.4
181.4
154.3
165.0
165.3
182.6
161.0
181.7
Farm products
___do
202.4
165.4
199.8
206.0
202. 3
170.6
174.2
163. 0
162.6
171.1
203.3
169.0
208.8
Grains
do
199.2
197.4
198.7
201.5
200.9
150.4
«• 209. 9
194.7
189.6
177.6
174.6
216.0
215.9
Livestock and poultry
do
140.6
141.0
132.9
r 140. 7
117.2
136.1
138.6
142.1
143.6
134.8
147.2
127.1
121.9
Commoditiesotherthanfarmproductscf--do
162.4
159.8
161.8
165. 4
167.1
131.9
160.1
156.2
162.0
167.6
172.3
149.0
157.9
Foods . _ . _ _ _ - _ _ - _ _ _
d o _.
154.1
151.7
149.2
136. 1
154.7
127.4
139.5
139.9
141.3
150.4
124.7
128.5
153. 3
Cereal products
_ do
138.8
182.9
148.8
140.9
169.1
152.8
164.6
161.8
164.3
185.5
180.0
157.6
161.8
Dairy products
._ _ _ _ d o . _ .
142.2
145.2
144.3
139.5
134.2
139.7
115.5
131.6
120.4
122.5
134.5
141.5
133. 0
Fruits and vegetables
do
196.7
203.0
202.8
208.6
217.9
188.2
183.4
199.5
191.4
207.3
234.6
131.3
198.1
Meats _
. _ ___do
Commodities other than farm products and
120.7
131.9
112.2
128.5
131.1
131.8
'131.4
r 133. 4
115. 8
124.7
127.6
136.0
111.6
foods &
.
__
1926=100 _
r 174. 4
178.8
177.0
145. 5
174.8
133.8
157.8
169.7
177.5
' 175. 7
179.7
134.8
132.7
Building materials
do
134. 7
134.5
134.5
132. 2
143. 3
129.1
132.3
132. 4
144.3
127.7
130.0
127.8
126.0
Brick and tile
_ do _
114.0
114.0
114.3
114.9
107.0
116.9
106.9
108. 3
109.9
106. 5
106.5
112.3
105.8
Cement. _ _ _
_ do
266. 1
269.4
192.1
273.5
178.2
227.2
263.6
249.9
269.3
269.0
276.7
178.9
177.6
Lumber
_
do
169.2
175.5
159.6
151.3
' 156. 1
155. 4
173.9
176. 1
154.9
116.7
119.2
171.2
113.9
Paint and paint materials.
do
127.1
120.2
133.2
118.9
98.4
128.1
129.3
132.2
118.8
117.5
99.9
125.7
98.4
Chemicals and allied products! _ _ _ do
118.7
119.5
118.7
119.9
106. 9
117.5
98.6
113.8
114.5
98.4
112.7
98.8
111.8
Chemicals
do
156.1
173.6
181.0
137. 4
152.8
182. 5
181.2
181.7
136. 6
110.1
110.3
111.5
182.7
Drug and
pharmaceutical
materials!-do
1
101.2
102.5
99.2
101.8
103.
5
90.2
96.3
95.1
105.5
94.4
99.9
101.8
91.9
Fertilize " materials
do
179.9
139. 2
134.
8
220.1
103.3
111.1
191.0
214.3
231.5
133.3
210.6
102.5
203.0
Oils and fats
_ _ do __
r
103.4
103.3
103.9
108.
9
94.5
96.1
97.9
112.5
94.3
94.2
97.7
100.7
94.4
Fuel and lighting materials
_ do
64.1
64.3
64.4
64. 7
65.2
65. 7
64. 1
64.3
63.9
65.8
64.9
Electricity
do
85.0
84.4
84.0
85.5
83.1
84.3
84.9
85.8
80.6
80.8
80.8
79.5
Gas
do
86.8
87.5
92.2
73.4
86.3
89.8
76.6
81.7
72.8
73.0
73.1
75.8
76.5
Petroleum products
_
_ do
173.
2
178.4
166.4
170.8
172.5
175.
1
174.6
182.1
141.6
142.4
173.8
138.9
176.7
Hides and leather products
do
187.1
177.7
191.4
192.2
178.1
203. 5
221.0
216. 5
215.6
151.5
198.5
155.8
153.0
Hides and skins
__do
176.3
138.5
178.1
181. 6
158.0
187. 4
133.3
138.5
185.0
181.1
183.7
178.9
190.7
Leather
do
172.1
172.2
145.2
162.9
171.5
172.6
173. 2
140.1
144.8
170.6
171.5
174.9
169.9
Shoes
_ do
129.2
127.4
128.8
113.6
118.2
120.2
124.6
129.8
112.6
115.3
123.3
125.8
129.7
Housefurnishing goods
do
136.9
137.2
124.4
129.6
134.4
138.1
119.4
131.4
138.1
118.5
121.3
126.3
128.4
Furnishings
do
121.1
120.3
120.9
106.
6
109.2
111.8
113.9
118.2
119.
5
120.0
120.9
107.5
120.0
Furniture
_ _ do _ _
141.4
142.6
114.2
130.2
137.9
140.3
143.8
148.9
125.8
134.7
139.9
114.0
138.0
Metals and metal productscf
do
131.4
128. 6
133.3
113.5
114.0
117.4
123.9
125.0
126. 9
127.6
139.4
113.3
113.7
Iron and steel
_
_ do. _
143.9
118.4
142.9
141.8
101.4
101.4
101.8
130.5
141.0
129.3
139.0
141.8
131. 3
Metals nonferrous
do
123.4
119.1
107.2
117.1
118.2
120.0
107.2
107.2
114.9
117.0
117.9
106.3
128.6
Plumbine and heating equipment- .do
»• Revised. » Preliminary. § Formerly designated "cost of living" index.
cf Current prices of motor vehicles were introduced into the calculations beginning October 1946; April 1942 prices were carried forward in earlier computations; see previous issue of the
Survey for explanation and for October 1946-July 1947 indexes using April 1942 prices; August 1947 indexes using April 1942 prices are as follows: All commodities, 151.3; manufactured products,
144.0; commodities other than farm products, 144.5; commodities other than farm products and foods, 132.5; metals and metal products, 132.7.
• Price samples were inadequate for September and October 1946 and latest prices were carried forward in some cases; November index reflects full price change from August.
If Data for 1947 are estimated based on a survey of rents in 5 cities in January and 6 in February-July; rents were not surveyed in the last quarter of 1946.
* New series. The series on prices paid by farmers and the parity ratio are from the U. S. Department of Agriculture; the latter is the ratio of prices received to prices paid, interest and
taxes; data for 1913-45 will be shown later. For a description of the Department of Commerce index of retail prices of all commodities, see p. 28 of the August 1943 Survey; and for revised
figures for 1929,1933 and 1935-44, p. 31 of February 1946 Survey. Data for 1923-45 for the indexes of retail prices of the food subgroups are shown on p. 16 of the November 1946 Survey. Data
beginning 1935 for the indexes of retail prices of "gas and electricity" and "other fuels and ice" will be published later.
t Revised series. Indexes of prices received by farmers for 1913-45 are shown on pp. 17-19 of the April 1947 Survey; data for September 15, 1947, are as follows: Total, 286; crops, 254; food
grain, 278; feed grain and hay, 297; tobacco, 352; cotton, 252; fruit, 181; truck crops, 179; oil-bearing crops, 311; livestock and products, 315; meat animals, 367; dairy, 282; poultry and eggs, 246.
For revised data for 1941-43 for the indicated series on wholesale prices, see p. 23 of the November 1945 Survey.
SURVEY OF CURRENT BUSINESS
October 194T
Unless otherwise stated, statistics through
1941 and descriptive notes may he found
in the 1942 Supplement to the Survey
S-5
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
COMMODITY PRICES—Continued
WHOLESALE PRICES— Continued
U. S. Department of Labor indexes — Continued
Commodities other than farm, etc— Con.
Textile products
1926 = 100
Clothing
_
_ do. _
Cotton goods
do
Hosiery
and
underwear
__
_
_
_
__
do
Raj7 on
do
Silk
do
Woolen and worsted goods
do
Miscellaneous
do
Automobile tires and tubes
_ ___do .
Paper and pulp
do
Wholesale prices, actual. (See respective commodities.)
124.0
122.8
160.0
87.7
128.6
125.5
172.9
88.8
30 2
125.7
116.6
104.0
73.0
124.6
131.6
127.9
174 7
89.3
32 0
115.0
117.7
106.5
73.0
127 7
134.7
129.8
181.6
96.9
30.2
134.8
112.8
102.0
73.0
119.6
125.7
122.9
166.6
88.7
30.2
126.5
113.9
102.1
73.0
121.9
62.3
69.4
58.3
42.8
64.8
68.5
57. 3
43.8
60.0
67.3
55.5
39.0
57.6
65.7
53.2
40.4
73.0
154 3
138.9
133.9
193.8
100.8
37.0
68.4
129.2
112 7
62 5
154 2
139 5
134. 3
195 9
100.4
37 o
68 2
130. 1
' 113 0
60.8
157 2
54.5
64.0
53.1
38.5
54.7
64.1
53 2
39.2
54.4
63.6
52.4
39.3
53 3
63.1
51 7
38.5
52 4
1 238
935
400
103.2
119.0
108.9
73.0
136.4
136.6
132.4
184. 6
99.3
33.8
101. 2
120. 8
110.3
73.0
141. 9
138.0
132.7
193 7
100.0
37 0
80.2
121.9
110.9
73.0
143 4
139.6
133.0
196 6
100.8
37 0
73.2
127.5
115 3
73.0
145 1
139.2
133.0
194 7
100.8
37 0
69.4
129. 1
115 7
73.0
152 5
57.1
65.2
53.7
40.3
56.9
65.2
54.3
41.0
55.7
65.3
54 8
40.7
53 8
64.0
52 7
38.0
0<J
O
138.9
133.9
193 0
100.8
37 0
67.9
129.2
r 1]Q I
r
140
134
199
99
37
68
133.
112
60
157
8
3
2
9
o
2
3
7
8
6
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
. .. 1935-39=100
Consumers' prices _ _ _ . _ - _ - _ _ _ _ - d o ._
Retail food prices
do
Prices received by farmers!
do. __
38 5
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total
mil. of dol
Private, total
do
Residential (nonfarm)
__
__
-do _ _
Nonresidential building, except farm and public
utility total
mil of dol
Industrial
do
Farm construction
do
Public utility
- _
- _ _ d o __
Public construction, total
_
do _
Residential
__do__Military and naval
do
Nonresidential building, total
_ _
do _
Industrial
_
do ..
Highway
_
do _
All other
do. _
1,056
809
347
1 066
800
356
1,070
788
347
987
745
335
905
711
320
839
666
300
795
634
284
826
648
285
876
662
306
955
722
342
r I 070
r 1 IQl
r
811
r
387
r
r
876
429
321
159
60
81
247
42
18
32
7
91
64
315
167
50
79
266
54
16
35
9
93
68
318
171
40
83
282
66
20
32
9
99
65
308
171
20
82
242
68
17
27
7
76
54
296
166
10
85
194
51
16
23
5
57
47
275
159
10
81
173
39
12
33
5
37
52
260
152
10
80
161
33
12
32
3
34
50
247
146
20
96
178
24
12
36
3
48
58
240
142
30
86
214
16
15
41
4
75
67
245
141
40
95
233
9
15
41
3
95
73
r 254
140
50
r
120
259
6
15
42
2
117
79
r 259
139
60
r
128
r
285
19
44
2
r
!28
r
85
267
140
75
133
303
9
24
45
2
135
90
40, 101
679 909
204, 817
475, 092
36, 902
619 857
186, 882
432, 975
33, 342
573 206
133, 806
439, 400
27, 149
503 745
130, 329
373, 416
25, 536
457, 278
108, 920
348, 358
27, 619
571 628
166, 672
404, 956
24, 321
442 197
95, 770
346, 427
32, 268
596 755
143, 316
453, 439
29, 957
602 338
177, 272
425, 066
27, 769
674 657
233 873
440, 784
24, 044
605 070
226, 471
378, 599
28, 734
660 254
202 571
457, 683
31,885
823 216
217 811
605, 405
4,] 08
33, 080
211, 530
3,648
25, 929
169, 627
3,696
33, 932
225, 355
3,609
23, 708
160, 871
2,857
19, 656
148, 014
3,096
25, 700
200, 312
3,006
21, 488
143, 258
3,670
22, 242
191, 903
3,905
26, 034
184, 317
4,554
30, 238
235 899
4,355
27, 561
209, 942
4,912
32, 123
253, 512
4,915
41, 682
290 807
33, 727
45, 145
284, 025
31, 458
47, 121
293, 831
28, 128
36, 910
235, 068
22, 251
33, 530
221, 113
21, 704
29, 975
193, 365
23, 593
39, 279
257, 419
20, 440
32, 469
208, 391
27, 414
42, 991
282, 881
24, 284
39, 006
256, 668
21, 255
42, 672
254 085
17, 604
29, 213
209, 458
21, 568
36, 774
240, 885
24 789
47, 805
308 937
2,008
153, 456
1,557
107, 941
1,271
75, 535
1,018
82, 626
746
62, 652
681
80, 721
665
59, 806
918
77, 926
1,509
123, 249
1 607
119, 713
1,744
142, 495
1 910
127, 454
1 761
137, 471
258
30, 898
239
48, 458
247
37, 248
271
39, 135
229
53, 247
249
33, 176
210
30, 742
266
44, 045
259
38, 104
353
64 960
341
43, 175
344
38 403
420
86 001
164
155
158
157
152
147
151
147
138
136
145
140
125
118
139
122
125
122
154
143
120
119
146
144
131
135
151
152
133
135
132
129
152
144
133
123
153
130
127
110
158
127
136
116
r
!70
T
138
r
155
r 136
P178
p 149
v 170
p 150
541, 325
373, 056
488, 457
275, 825
352, 855
430, 970
356, 491
400, 415
454, 471
514, 343
517, 175
524, 238
413, 494
3, 731
66
2,055
1,609
3 382
490
1,678
1, 214
3,182
104
1,957
1,121
3 239
138
1,970
1,130
2,306
55
1,661
590
1,343
26
606
711
1 463
1
1,081
282
2 438
52
1,578
808
5 280
513
3 167
1 600
3 828
35
2 607
1 186
4 228
212
2,456
1 560
5 Oil
169
2 452
2 390
3 285
79
1 468
1 737
r
Q
CONTRACT AWARDS
Contract awards, 37 States (F. W. Dodge Corp.):
Total projects
- number_
Total valuation
thous of dol
Public ownership
do
Private ownership
_ do _
Nonresidential buildings:
Projects
.
- number.. _
Floor area
thous. of sq. f t _ _
Valuation
_
thous. of dol.
Residential buildings:
Projects
- - - -number.
Floor area
thous. of sq. ft._
Valuation
thous. of dol
Public works:
Projects
number
Valuation
.
thous. of dolUtilities:
Projects
.
..number
Valuation
thous. of dol
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25=100-Residential, unadjusted _ _ _ _ _ do _
Total, adjusted
.
do. __
Residential, adjusted
do
Engineering construction:
Contract awards (E. N. R.)§
thous. of dol..
Highway concrete pavement contract awards:*
Total
thous. of sq. yd
Airports
_
__
_ do. Roads
do
Streets and alleys
do
PERMIT VALUATIONS AND DWELLING
UNITS PROVIDED
Estimated number of new nonfarm dwelling units
scheduled to be started (U. S. Dept. of Labor):
Total nonfarm*
number
35, 200
81, 800
65, 500
41, 000
44, 400
60, 200
46, 600
61, 600
73 500
74 500
83 400
83 300
Urban, total f
_
do
55, 407
42, 775
21, 369
25, 383
37, 401
28, 661
27, 074
37, 649
42, 862
41, 138
46 999
47 103
Privately financed, total _
do _
35, 044
24, 299
38, 660
36, 067
28, 539
21, 369
27, 074
42, 534
37, 158
45, 994
47, 067
41, 138
1-family dwellings
do
32, 921
29, 335
29, 576
23, 747
17, 469
20, 537
22, 156
30, 615
35, 214
34
627
36
913
33 670
2 448
2-family dwellings
do
1,943
3 085
2 050
1 899
1 594
977
1 496
1 615
3 142
3 478
3 033
Multifamily dwellings
do _
3,796
3,659
2,923
4,095
7,889
7,121
4,592
2,266
3,303
4,178
3,198
4,383
Publicly financed, total
do___
1,334
1,005
16, 747
7,731
1,084
122
0
491
328
36
0
r
Revised. *> Preliminary.
§ Data for August and October 1946 and January, May, and July, 1947 are for 5 weeks; other months, 4 weeks.
I Based on weekly data combined into 4- and 5-week periods except that a week falling in December and January is prorated; see note in February 1947 Survey.
* New series. Estimates of total nonfarm dwelling units for 1910-44 are shown on p. 15 of the November 1946 Survey. Monthly estimates of new construction activity for 1939-45 and
annual estimates for 1915-46 are shown on pp. 23 and 24 of the July 1947 Survey.
t Revised series. The index of purchasing power of the dollar based on prices received by farmers was revised in the April 1944 Survey. Data for 1920-44 for the number of new dwelling
units are shown on p. 15 of the November 1946 Survey (see note in February 1947 Survey with regard to January and February 1945 figures); since early 1945 data for new dwelling units and the
indexes of building construction on p. S-6 should be considered volume of construction for which permits were issued or contracts awarded rather than volume started (see note in July 1947
Survey.
SURVEY OF CURRENT BUSINESS
S-6
October 1947
1947
1946
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
CONSTRUCTION AND REAL ESTATE—Continued
PERMIT VALUATIONS, ETC.— Continued
Indexes of building construction, based on building
permits (U. S.'Dept. of Labor):J
Number of new dwelling units provided
1935-39=100.Permit valuation:
Total building construction
do
New residential buildings
__
do
New nonresidential buildings
do
Additions, alterations, and repairs
do
317.6
248.3
215.7
165.3
123. 2
146.4
156.1
217.1
247.2
237.2
271.0
••271.9
295. 6
235. 4
378.7
119.4
215.9
194.6
288.0
115.9
188.4
191,4
286.2
108.4
192.9
153.2
222.5
99.2
137.3
129.4
162.0
97.0
140.0
151.8
196.7
107.7
164.8
158.3
207.6
111.5
168.9
218.5
308.8
141.8
214.1
251.6
359. 1
159.4
248.7
244.2
338. 5
163. 5
241.4
278.2
387.7
180.9
284.2
r 306. 1
320 7
447 4
229.5
272 2
r 405. 4
' 217. 8
••311.5
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100
American Appraisal Co.:
Average 30 cities
1913=100
Atlanta
do
New York
_ _ do ___
San Francisco __
do
St Louis
do
Associated General Contractors (all types)
1913=100..
E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
.U. S. average 1926-29= 100__
New York
do
San Francisco
- do
St Louis
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
do
New York
do
San Francisco
do
St. Louis
-_ _
do
Brick and steel:
Atlanta
do _
New York
do
San Francisco
do
St. Louis
-_
do _
Residences:
Brick:
Atlanta
do
New York
_
do _
San Francisco
do
St Louis
do. __
Frame:
Atlanta
do
New York
do
San Francisco
__ do
rft. Louis
do _ _
Engineering News-Record:
Building*
1913 = 100..
Construction (all types)
_ do
Federal Home Loan Bank Administration:
Standard 6-room frame house :f
Combined index
1935-39=100
Materials
do
Labor
do
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
Premium-paying mortgages (cumulative)
mils, of dol__
Estimated total nonfarm mortgages recorded
($20 OOC and under)*
thous. of dol
Estimated new mortgage loans by all savings and
loan associations, total
thous. of dol__
Classified according to purpose:
Mortgage loans on homes:
Construction
do
Home purchase
__
_ do
Refinancing
do
Repairs and reconditioning
.do
Loans for all other purposes
do
Loans outstanding of agencies under the Home
Loan Bank Board:
Federal Home Loan Banks, outstanding advances
to member institutions
_ _ mils, of dol
Home Owners' Loan Corporation, balance of
loans outstanding
mils, of dol _
Foreclosures, nonfarm, index, adjustedf
1935-39-100
Fire losses
_ _ -thous. of dol__
300
287
304
300
335
360
341
313
323
342
367
347
317
332
347
372
353
320
337
352
377
356
323
344
371
399
375
343
367
381
410
390
353
375
390
419
4f,3
364
383
404
434
420
379
396
414
444
427
390
403
419
448
432
392
405
427
448
438
396
421
437
458
442
409
430
446
470
448
417
441
263
267
267
270
'•276
277
280
282
286
290
294
295
300
142.6
181. 5
164.0
164.9
143.0
181.9
164. 3
165.3
144.0
182.3
164. 8
165.8
144.9
183.4
Ib5. 9
167.2
145.7
1&3.9
167.3
168. 5
148.8
194.7
172.4
173.9
153.4
196.2
174.2
175.8
154. 4
204.7
177.8
178.0
155.1
205.6
178.1
178.3
155. 4
205. 9
178.4
182.8
160.3
211.2
186. 6
187.8
162.4
215.5
188.9
189. 9
164. 1
216.4
192. 5
191.2
144. 4
184.5
167.0
166.7
144.7
184.8
167.2
167.0
146.0
185.1
167. 6
167.2
146 6
185.9
168.4
168.3
147.1
186. 2
169. 4
169. 3
149.9
193. 5
174.6
175. 2
152. 0
194.4
175.7
176.4
153. 5
205.9
180.4
179.0
154.1
206.8
180.6
179.2
154.3
207.0
180.8
185.4
159.6
212.5
190.6
187.8
161.2
214.9
192.4
189.4
162. 3
216.0
197.4
190.8
141.8
179. 5
168.0
164.3
142.2
179.9
168.2
164.7
142. 7
180.3
168. 6
164.9
143. 9
182.3
169. 8
166. 5
145. 8
183.0
172.5
169.5
148.8
191. 1
176. 1
172. 8
153.1
192.9
178.4
175.3
153.5
202.4
180.7
176.9
154.2
203. 4
180.9
177.1
154. 4
203.6
181.1
182.1
158.8
206.6
188.0
187.5
161.4
209. 4
190.8
190.1
165. 0
210 4
195. 7
192.3
154. 5
187.1
165. 8
173.7
155.6
188.0
166. 0
174.6
156.2
188.9
166. 4
174.9
159. 2
192.6
169. 6
178.9
161.9
195.4
173.2
183.4
165.8
204.7
177.0
187.6
178.7
211.2
185.6
196. 9
179.2
217.6
188.6
199.1
180.2
219.1
188.8
199.3
180.4
219.3
189.0
202.2
184.0
223. 4
195.1
205.6
185.4
225. 5
196. 7
207.0
185. 6
225. 9
198.4
207.5
155 4
187.4
162.9
174.0
156.5
188. 5
163.1
175.1
157.0
189.7
163. 5
175.4
160.8
194. 4
166. 8
179.8
164.2
198.0
170.8
183.8
166.8
208.9
173.9
187.0
182.9
217.2
184.9
198,9
183.3
220. 8
187.0
200.3
183.9
221.6
187.2
200.5
184.1
221.8
187. 4
202.2
187.9
225. 0
194. 0
207.2
189. 3
227.1
195.6
208.6
189 5
227.5
196.3
209.0
272.4
360.2
273.0
360.9
274.0
362.5
278.8
368.1
289.1
381.7
297.7
390.8
298.8
392.0
3C0.8
396.1
299.6
396.5
303.1
403.3
304.9
406.5
313.0
415.0
317. 1
417.8
149.8
146.1
157.2
151.8
148. 0
159.3
154.0
150.3
161.6
156.7
153. 6
163. 1
159.8
158.6
164.8
167.0
168.2
166.8
173.8
177.6
168.6
179.6
185.6
170.2
182.5
188.8
172.4
183.7
189.1
175.5
184.8
189.0
179,2
185. 1
188.5
181.0
6,789
6,818
6, 855
6, 885
6,921
6,959
6,995
7,036
7,087
7,147
7,217
7,295
7,377
999, 221
928, 878 1, 006, 681
8G9, 489
836, 404
847, 043
770, 095
858, 675
941, 020
965, 733
947, 357
994, 787
988, 446
324, 459
309, 791
326, 199
271, 476
253, 701
250, 016
241, 263
288, 221
313, 636
335, 074
323, 368
353, 105
351, 757
59, 377
211,804
22, 032
8,481
22, 765
55, 354
198, 812
21, 546
8,027
26, 022
60, 931
207, 139
24, 376
9, 061
24, 692
51, 187
170. 162
21, 625
7,034
21, 468
50, 233
151,848
22, 116
6,040
23, 464
51, 145
145. 253
22, 599
6,795
24, 204
52, 723
133, 399
22, 529
7,091
25, 521
61, 543
161, 694
25, 916
9, 665
29, 403
70, 214
176, 395
26, 149
10, 788
30, 090
78,612
186, 148
28, 383
11,558
30, 373
69, 700
184, b26
28, 948
11,963
28, 131
85, 807
194, 057
28, 9-36
13, 410
30, 835
83, 355
200, 183
25, 203
13,018
29, 938
214
235
253
258
293
251
242
236
245
257
289
292
314
699
682
665
651
636
621
609
596
582
670
557
544
532
6.8
40, 019
7.0
40, 256
7.4
40, 108
9.7
44, 706
8.6
58, 094
8.6
57, 180
8.5
64, 247
9.3
72, 435
7.8
68, 029
8.0
56, 545
8.7
50, 840
49, 357
51, 359
245
281
287
193
213
289
263
288
323
210
217
292
278
303
333
222
272
294
281
320
340
229
295
287
284
331
342
233
287
289
263
283
298
215
303
285
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:!
Printers' Ink combined index
Farm papers
IVIagazines
Newspapers
Outdoor
Radio
r
1935-39=100
do _
do
do
do
do
217
204
253
163
239
281
237
236
295
158
202
296
252
239
304
158
238
297
273
265
311
154
205
302
269
243
303
158
201
306
236
278
271
172
183
289
Revised.
^Revisions for January 1940-December 1945 are available on request; see also latter part of note marked "f" on p. S-5.
*New series. For a description of the series of the series on nonfarm mortgages recorded and data for January 1939 to September 1942 see p. S-5 of the November 1942 Survey. See note in
the February 1947 Survey regarding the Engineering News-Record index of building costs; data beginning 1913 will be shown later.
fRevised series. Revisions for the index of nonfarm foreclosures for 1940-41 are shown on p. S^6 of the May 1943 Survey. Indexes of advertising from Printers' Ink have been completely
revised and all series are now based on dollar costs; data beginning 1935 and a description of the indexes will be published later. The indexes of cost of the standard 6-room frame house are
shown on a revised basis beginning in the April 1946 Survey; revisions beginning November 1935 will be published later.
SURVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-7
1946
August
September
October
1947
November
December
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
ADVERTISING— Continued
207.6
202.0
189.1
195. 6
189.9
205. 7
201.0
194.2
197.1
196.2
14 Oil
559
95
332
350
3,544
503
177
1,332
1, 267
4, 525
1,316
15, 133
666
80
266
356
3 927
536
168
1, 375
1,219
5,004
1,536
16, 741
622
84
254
364
4,512
520
168
1,575
1,407
5,306
1,929
16, 338
654
105
268
387
4,396
530
159
1, 490
1,373
5, 123
1,855
16, 800
731
112
252
428
4,379
583
165
1,574
1,390
5,316
1, 870
16, 548
670
100
273
444
4, 357
546
169
],642
] , 355
5, 148
1 , 845
15, 102
629
99
224
458
3,924
507
153
1,555
1,257
4,568
1,726
16, 728
740
123
249
532
4,344
541
175
1,685
1,397
5,007
1,934
15, 548
595
98
284
508
4,049
467
155
1,729
1, 308
4,714
1, 641
16, 009
573
111
301
412
4,120
499
177
1, 762
1, 433
4,744
1,877
27, 134
2,186
2,936
638
478
2,907
638
1, 180
476
554
604
4,208
10, 328
4,704
36, 506
2, 425
4,883
1, 145
695
3,660
526
2,426
674
1,053
916
5,226
12, 876
6, 308
39, 463
2, 503
4, 831
1,161
629
4,394
715
2,772
779
896
1,095
6,172
13, 515
5,420
42, 565
2,755
4,449
1,315
745
4,993
716
2,753
667
1,025
1,252
6, 694
15, 199
5,213
36, 232
1, 499
3, 456
1, 080
608
4,172
218
2,408
455
992
1,277
5,779
14, 287
3,783
23 963
1, 383
1 826
466
505
3, 931
160
1, 147
407
369
920
3,411
9, 438
3, 952
32, 109
1,576
3, 345
740
566
5, 033
250
1,641
760
551
829
5, 137
11, 683
4,580
42 617
2, 325
5 277
1, 169
666
6,068
536
2,687
916
863
1, 069
6,086
14, 956
5,102
40, 816
2,262
4, 663
1,288
659
4,926
600
3, 292
1, 016
624
887
5,924
14, 677
4,703
42 801
2,601
4 661
1,541
698
5, 246
627
3, 530
1,182
995
860
6,120
14, 740
4,332
144, 288
38, 643
105, 645
4,046
1, 931
19, 378
80, 290
152, 871
39,018
113,853
3,495
1,877
22, 067
86, 414
165, 014
39, 628
125, 386
4,480
2,197
27, 207
91, 502
164, 120
36, 772
127, 348
4,675
2,025
26, 596
94, 052
163, 257
34, 404
128 853
3, 415
1,894
22, 388
101, 155
139 894
36, 223
103 671
3, 556
2,511
19 895
77, 709
139 993
34, 588
105 405
4,097
1,767
22, 323
77, 218
167 384
39, 437
127 948
5, 537
2, 157
27, 163
93, 090
168, 445
39, 580
128 865
6,473
2,008
28, 100
92, 283
172 376
41,301
131 075
6, 512
1,950
28 210
94, 403
'85.1
87.0
87.6
88.2
88.8
89.6
88.8
88.9
88.7
89.2
thousands..
thous of dol
4,330
101 735
4,167
101 169
4,575
107 822
4,253
95 112
4,447
93 691
4,477
c)5 899
4,147
90 036
4,863
108 862
4,579
97 079
thousands..
thous. of dol. _
13, 690
192,319
13, 125
185, 779
15, 649
219, 270
14, 042
193, 807
13, 932
189, 903
14, 086
193, 877
12,691
186, 444
14, 755
210, 579
14, 651
195, 527
Tide advertising index, adjusted*
1935-39=100.Radio advertising:
Cost of facilities, total
thous. of dol
Automobiles and accessories
do
Clothing _ _ _ _ _
_ _ _ _ _ _ d o
Electric household equipment _
do
Financial
do
Foods, food beverages, confections
do
Gasoline and oil
__ _ __
do_ _ _
Housefurnishings, etc _
do
Soap, cleansers, etc
do __
Smoking materials
do
Toilet goods, medical supplies
___
do
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
Housefurnishings, etc _
do
Soap, cleansers, etc
_ _ _ _ d o _ _.
Office furnishing and supplies
do
Smoking materials
do
Toilet goods, medical supplies
do
All other
_
do
Linage, total
thous. of lines__
Newspaper advertising:
Linage, total (52 cities)
do
Classified
do
Display, total
do
Automotive
_ _
do
Financial-- _
-_-__, _
do
General
do
Retail
__
- _ _ - - .
do
r
202.9
218.3
225.9
14, 994
505
100
275
400
r
3, 883
409
167
1,
590
r
1,430
' 4, 431
1 613
14, 227
441
130
314
381
4, 092
432
172
1,649
1 595
3, 888
1 132
14, 470
481
187
278
393
4 199
439
172
1, 577
1 568
3 857
1 318
40 033
2,772
3 125
1, 376
654
5 348
683
2 607
1,173
763
1 125
5,926
14 421
3,413
163
39
123
7
1
26
88
130
341
789
014
933
Oil
831
3,377
145
37
107
6
2
22
76
4,132
263
778
485
214
299
467
f>05
157 980
40 625
117 355
6 107
1 769
22 881
86 597
88.7
"88.1
88.4
4,280
89 824
4,177
87 284
4,334
87 320
3,822
81 664
13, 771
188, 244
16, 948
178, 353
13, 253
186, 565
12,587
166, 697
rg 5Q7
8 836
2 071
841
705
136
682
452
70
160
465
299
166
82
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses §
percent of total. _
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number
Value
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly total at annual rates: *
All goods and services
foil,
of dol
Durable goods _ _ _ _ _ _ _
do
Automobiles a n d parts. __ _ _ _ _ _
do
Furniture and household equipment ..do
Other durable goods
_ _ do
Nondurable goods
do
Clothing and shoes . _
__do _
Food and alcoholic beverages
do _
Gasoline and oil _ _ _ _
_ __
do _
Semidurable house furnishings,
...do...
Tobacco
_
do _
Other nondurable goods
do
Services
_ _
do
Household operation.
._
do _
Housing
_
_ _ _ _ do
Personal service
_ _ _ _
do
Recreation
do
Transportation
_
do
Other services
do
147.3
16.2
154 9
18 2
156 8
19 0
159 0
20 0
88.9
93 6
94 0
95 0
42 1
43 1
43 8
44 0
RETAIL TRADE
All retail stores:!
Estimated sales, total
mil. of dol
Durable goods store
do
Automotive group
do
Motor vehicles _ __ _ _ . . - _ .
do
Parts and accessories
do
Building materials and hardware
do
Building materials _ _
_ do .
Farm implements
do
Hardware . . _ do _
Homefurnishings group
do
Furniture and housefurnishings
do
Household appliance and radios _ _ do_ _
Jewelrv stores _
_ _ ._ _ _ _ do __
T
8,556
1,770
691
560
132
571
362
58
151
418
285
132
91
8,199
1,722
682
562
120
545
349
52
143
410
281
129
86
8,911
1,921
753
621
132
602
381
64
158
471
317
154
96
9,086
1 854
730
598
132
540
330
56
154
468
317
151
116
10, 282
2 054
742
686
155
535
306
50
180
532
357
175
245
7,838
1 620
696
589
107
476
304
51
120
377
240
137
71 '
7,464
1 584
681
582
99
460
293
50
117
373
240
132
71
8,746
1 860
799
683
116
552
343
66
143
429
283
146
79
8 822
1 988
828
710
118
635
394
78
164
444
293
150
81
9 280
2 102
835
706
129
674
414
79
182
496
331
164
97
8 764
2 078
833
703
130
669
425
77
167
480
314
166
96
2r 071
853
720
134
••689
450
77
162
r
451
'285
166
77
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 estimates of consumer expenditures have been revised in accordance with revisions in the totals shown as a component of the gross national product on p. S-l and in
the "National Income Supplement" referred to in the note marked with an "*" on that page; this supplement provides detailed annual estimates of consumption expenditures for 1929-46 and
quarterly data for 1939-46 for the grand total and for total durable goods, nondurable goods and services. Compilation of separate data for the subgroups shown above was not completed in
time for inclusion in this issue but data will be available for a later issue.
t Revised series. See note marked "t" on p. S-7 of the September 1947 Survey for reference to tables giving data through June 1944 and 1945 revisions for sales of all retail stores; the indexes
beginning 1942 shown in those tables and on p. S-8 in current issues through September 1947 have been revised owing to revisions in the seasonal adjustment factors; revisions through July 1946
will be published later; the index eliminating price changes has been discontinued.
SUEVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores f— Continued
Estimated sales— Continued
7,232
8,229
6,786
6,990
6,218
6,476
5,880
Nondurable goods stores
mil. of dol_.
6,886
6, 834
7,178
6, 765
6, 686
6, 496
719
791
858
1,089
549
856
610
775
718
806
786
Apparel group
do
568
619
145
195
222
237
166
133
185
316
192
194
Men's clothing and furnishings _ d o _ _
194
137
142
322
377
364
454
355
280
250
375
352
295
348
245
276
Women's apparel and accessories
do
105
129
111
123
162
88
78
101
108
104
97
79
Family and other apparel
do .
$8
134
127
127
98
158
88
131
137
130
139
132
108
112
Shoes
_
.
_ _ _do _
298
395
300
287
300
286
275
302
289
303
288
296
290
Drug stores
do
1,072
1,015
1,073
1, 054
1,011
961
861
960
978
1, 036
996
1,049
1, 014
Eating arid drinking places
_do ___
2, 324
2, 213
2, 287
2,004
2,161
2,380
2, 098
2.302
2,317
2, 272
2,478
2. 332
2,417
Food group _ _
do
1,628
1,792
1,707
1,632
1,748
1,502
1, 831
1,812
1,786
1,942
1, 823
1,770
1, 901
Grocery and combination
do
532
532
548
538
502
506
467
505
516
502
509
536
517
Other food
_ -do ...
304
343
332
332
282
340
320
314
327
361
346
340
370
Filling stations
do
1,357
1,488
995
1, 203
1, 930
973
1,207
1,247
1, 260
1,305
1,200
' 1, 079
1,100
General merchandise group
do
809
1,016
1,277
656
639
788
910
842
834
857
788
' 677
742
Department, including mail-order
do
General, including general merchandise
173
124
154
155
151
139
120
142
148
165
153
155
157
with food.
_ mil. of doL
199
142
124
146
100
97
125
126
123
126
136
115
121
Other general mdse. and dry goods__.do
151
171
281
116
117
141
149
131
146
147
134
133
140
Variety
do
1,089
903
918
842
859
848
941
902
817
923
872
' 853
854
Other retail stores
do __
207
204
209
219
218
210
252
205
270
259
237
239
226
Feed and farm supply
_do__
152
162
202
203
156
192
134
138
136
132
137
135
132
Fuel and ice
do _
228
143
144
163
160
176
140
157
147
154
136
' 138
153
Liquors
_
__ do _
369
381
491
299
291
341
348
344
333
379
342
361
353
Other .
do
Indexes of sales:
269. 0
282. 2
321.6
266. 8
241.3
250.1
265.1
274.5
r 262. 9
252.6
279.5
279.9
265. 7
Unadjusted, combined index
1935-39=100..
232.6
238. 6
262.4
201.2
214.6
249.8
214. 1
228.1
230.6
26C.8
267.8
257.1
256.9
Durable goods stores
do _
340.9
280.8
296.4
276. 4
254.4
283.7
285. 6
265.2
279.4
261. 7
' 264. 8
283.8
268. 6
Nondurable goods stores
do_
270.3
259. 6
259. 9
267.4
274.3
277.9
268.4
273.9
278. 5
277.4
279.4
262.0
274. 5
Adjusted, combined index
do _ _ _
237.9
222.9
226.3
233.2
245.7
251.3
222.3
246.5
257. 4
248.0
215.3
255.0
257. 2
Durable goods stores
do
184.6
170.6
181.1
197.4
167. 5
171.2
185. 9
152. 1
187.0
187.5
158.6
180. 1
186.4
Automotive. _ _ _
_do__
280.6
296.
7
261.7
294.8
316.
1
254.6
282.6
292.4
263.5
300.7
309.7
321. 7
260.1
Building materials and hardware
do
322.2
326. 9
329.9
322.4
337.6
358.2
359. 4
338.8
374.3
362. 8
312.9
330.8
327.7
Homefurnishings _
do _ _
387.6
399.1
396.1
407.
3
382.3
380.0
388.0
384.
1
383. 0
414.6
374.0
401.
4
410.9
Jewelry _ _
_
do ___
280.8
271.9
280.8
283.6
288. 4
286. 6
284. 7
279.9
282.8
286. 6
277.2
271.7
2SO. 1
Nondurable goods stores
do
289.
6
292.9
286.
3
283.
5
295.7
305.1
29^.9
291.8
305.
0
298.7
2S2.
9
309.9
318.7
Apparel _
_
_do._.
249.6
256. 8
255.4
258.2
249.3
251.9
251. 2
244.4
249.7
247.7
249. 0
248.1
250.5
Drug __
_.do__ _
404.2
399.9
395.
6
396.5
395.
0
399.4
388.7
397.7
392.4
405.
8
399.7
391.2
400.2
Eating and drinking places
do
294. 4
294.8
305.3
297.2
273.3
291.8
298. 6
296.8
302.9
289. 9
301.0
272.4
263.4
Food
_
_ _ . . .do __
169. 3
155. 4
160.2
155. 8
161.2
156.2
159.6
163.8
169. 1
156. 2
158.8
149.5
153.8
Filling stations
do
245.2
246.2
254.2
234. 7
237.5
241.9
255.3
252.8
231.5
239.7
250. 2
238.1
251.8
General merchandise
do
306.
6
306.9
302.2
306.5
317.2
297.5
320.
7
316.7
306.
5
300. 5
301. 7
291.4
300.8
Other retail stores _ _ _ _
__do
9,562
9,441
9, 954
9, 665
P 9, 502
8,728
8, 943
9,971
9,357
' 9,153
9,136
8,055
8,487
Estimated inventories, total*
mil.of dol
2,911
3,774
3,796
3, 688
3, 566
3,192
3,416
v 3, 626
3,190
3.608
2,682
2, 950
2,477
Durable goods stores* _. _
. __do
6,175
5,817
' 5, 587 P 5, 876
6,372
5, 751
6,025
5,977
6,180
5,749
6,186
5,805
5,578
Nondurable goods stores*
do
Chain stores and mail-order houses:
2,017
2,398
2,015
2,134
'1,911
1,913
2, 037
1,658
1,971
2,010
1,690
1,715
1,876
Sales estimated, total*
do
303
153
244
235
240
' 181
233
163
246
229
187
205
213
Apparel group*
do
55
45
27
40
41
25
48
39
27
46
30
39
33
Men's wear*
__ _
do
139
72
115
103
118
103
73
111
103
88
90
96
96
Women's wear*
do
69
41
84
62
63
68
68
'53
55
63
46
59
60
Shoes*
_
_ _ _ _ _ _do
59
28
35
38
44
49
29
44
45
46
46
42
48
Automotive parts and accessories*
do
55
63
74
83
93
65
'97
75
61
90
100
72
74
Building materials*
do
67
64
69
72
100
65
66
66
70
65
70
66
70
Drug*
do
52
52
51
55
47
51
52
52
52
50
53
51
50
Eating and drinking*
do
r 24
22
24
32
24
25
18
27
27
27
26
22
23
Furniture and housefurnishings*
do
532
389
594
508
552
509
519
776
387
473
571
492
502
General merchandise group*
do
Department, dry goods, and general merchan202
303
429
328
304
304
331
203
280
279
324
278
286
dise*
mil. of dol
88
82
77
85
77
104
92
75
96
68
104
91
79
Mail-order (catalog sales) *
do
129
122
121
243
101
115
131
147
127
116
100
113
126
Variety*
_. _
_ .-do
689
723
629
713
'683
661
666
633
748
542
650
482
618
Grocery and combination*
do
Indexes of sales:
239.1
261.5
272 7
272.5
273.7
' 254. 6
257. 3
325.7
225.2
268.3
244.2
350.1
234.1
Unadjusted, combined index*
1935-39= 100. _
276.9
267.7
272.8
275.4
277.3
276.8
260.4
259.9
251.4
238.8
250. 5
240.5
253.2
Adjusted, combined index*
_ .
do
306.5
287.9
305.0
301.3
292.0
283.3
260.
6
261.
6
308.0
281.3
278.
5
322.2
292.0
Apparel group*
do
268.2
292.1
276.5
286.7
260.8
294.4
307.0
264.6
268. 7
281.7
284.8
364.1
315.3
Men's wear*
do _ _ _
388.2
379.9
394.2
382.
3
365.
7
360. 3
308.5
319.0
350.2
336.4
342.0
354.7
370.8
Women's wear*
.do
233. 4
241.2
242. 1
217.3
217.1
229.7
205.8
229.8
211.5
220.2
223.5
218,2
253. 9
Shoes*
do
225.2
241.6
232.4
201.3
219.1
246.0
240.0
274.2
199.4
249.8
235.8
236.2
245.8
Automotive parts and accessories* _ .do
325. 1
299.9
306. 5
328.6
338.9
322. 7
283. 8
313.3
253. 3
214.8
213.0
247.3
234.5
Building materials*
do
222.9
229.1
230.2
223.9
224.
6
231.9
235.2
236.0
237.3
230.6
227.5
230.2
233.9
Drug*
do ._
226. 5
218.7
220.8
223. 5
222.8
220.8
219.9
221.8
218.2
226.4
214.6
211.6
215.4
Eating and drinking*
do
256.
9
245.9
224.2
243.1
234.4
242.0
257.4
237.6
228.5
224.6
199.1
222. 4
222.8
Furniture and housefurnishings*
do
275.2
273.9
273. 0
271.7
259. 2
267.0
244.7
253.5
241.7
239.0
245. 4
245.4
255. 8
General merchandise group*
.do
Department dry goods, and general merchan332.6
316.6
324.6
329.0
323.7
307.4
291.1
282.3
274.3
278.3
286. 4
288.0
295.6
dise*
1935-39=100
265. 8
269. 1
270.0
276.3
239. 9
244.1
223.1
234.4
214.3
223.5
219.8
228.3
253.4
Mail-order*
do
194.2
193.7
192.7
197.2
204.4
192.9
192.9
192.7
212.5
200. 3
192.2
194.1
196.8
Variety*
do
320.5
322.4
316.1
316.7
311.3
320.1
306.8
293.
9
292.9
280.3
247.0
244.4
268.8
Grocery and combination*
__
do
Department stores:
Accounts, collections, and sales by type of payment:
Accounts receivable:
84
'81
'82
83
'79
'75
' 74
'73
73
55
'61
50
'47
Instalment accounts§
1941 average=100._
165
145
167
146
154
' 163
160
' 175
176
' 223
156
145
127
Open accounts §
do
Ratio of collections to accounts receivable:
28
'25
'28
'30
'30
'33
'29
'30
'38
'36
'35
'36
Instalment accounts§
percent. _
54
54
51
53
56
52
' 52
56
59
54
60
59
56
Open accounts §
do
Sales by type of payment: *
56
57
55
55
55
55
56
57
57
57
56
57
60
Cash sales
percent of total sales..
38
37
39
39
39
39
38
37
38
38
39
39
36
Charge account sales
do
6
6
6
6
6
6
6
5
6
5
5
4
4
Instalment sales
-do_ __
' Revised. *> Preliminary. §Minor revisions in the figures prior to November 1941 are available on request.
,
,
m
*New series See note marked "*" on p S-8 of the September 1947 Survey for reference to tables giving data through 1943 and 1945 revisions for the chain-store series; the indexes beginning 1942 shown'in those tables and in current issues through September 1947 have been revised owing to revisions in the seasonal adjustment factors; revisions through July 1946 will be shown
later. See p. S-9 of the August 1944 Survey for data beginning June 1943 for the series on department store sales by type of payment. Data beginning 1939 for retail inventories will be
PU
/Revise^ series. See note marked "t" on p. S-7 regarding published revisions in the data for all retail stores and recent revisions in the indexes.
SURVEY OF CUREENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
jn the 1942 Supplement to the Survey
S-9
1947
1946
August
September
October
November
December
January
February
March
May
April
June
July
August
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores — Continued
Sales, unadjusted, total U. S.f
Atlantaf
Boston f _
-._
Chicago"''
Cleveland!
Dallas!
Kansas City!
_ _ _ _ _ _
Minneapolis!New York!
Philadelphia! _
Richmond!
St. Louis! _
_.
San Francisco
Sales, adjusted, total U. S.f
Atlanta! _ _ _
Boston!
Chicago!
Cleveland!
Dallas!- - Kansas City!
Minneapolis!
New York!_
_
Philadelphia!
Pichmond! .
S t . Louis!
San Francisco
Stocks, total U. S., end of month:!
Unadjusted
Adjusted
Mail-order and store sales:
Total sales, 2 companies
Montgomery Ward & Co
Sears, Roebuck & Co
Rural sales of eeneral merchandise:
Total U. S., unadjusted
East
South _.
Middle West
Far West-.Total U. S., adjusted
East .
South...
Middle West
Far West ___ . .
278
372
240
268
265
384
312
281
202
258
312
313
330
257
347
216
250
248
349
2Q7
254
179
233
286
293
319
336
416
284
318
333
434
340
302
301
318
370
371
376
271
347
230
261
266
356
283
253
231
239
291
294
319
441
570
398
409
430
567
448
385
392
408
494
463
503
276
363
2 ?«]
264
977
348
299
251
232
250
293
303
317
209
273
222
298
266
346
268
350
280
348
170
196
194
294
095
196
182
188
219
228
249
265
341
215
171
210
210
306
247
202
188
192
226
244
278
268
338
219
227
250
262
337
283
258
229
255
292
288
295
273
346
237
227
258
266
347
290
264
223
248
290
297
297
276
353
227
241
276
2S3
356
297
269
237
261
301
315
301
291
367
244
232
270
267
307
281
264
231
238
278
269
294
289
365
249
r 164
236
249
r 334
279
232
189
195
?54
284
r 290
290
365
246
281
286
^384
300
259
259
r
260
307
330
' 322
278
374
237
268
251
395
311
287
214
2-16
316
316
396
270
367
226
263
2*9
376
321
265
205
246
298
313
313
245
256
202
256
260
257
261
272
276
298
^78
284
281
281
363
281
202
228
247
293
278
313
347
272
261
224
234
281
290
330
347
298
279
229
236
307
294
325
377
296
257
235
258
299
306
315
379
316
270
253
275
303
321
323
361
305
278
254
264
317
299
320
238
221
250
226
267
237
277
256
235
274
234
268
252
275
264
273
262
264
253
252
thous. of dol__
do
do
232, 811
91,864
140, 946
242, 461
94, 005
148, 456
283, 733
112,155
171, 578
281, 422
106, 355
175, 067
313, 678
117, 281
196, 397
201 , 052
67, 097
133, 955
185, 800
71,205
114,595
249, 263
97, 552
151, 711
260, 325
99, 623
160, 701
1929-31 = 100__
do
_ _ do__ _
do
do
do
do
. _ _ do
do
do
288.0
268 0
394.0
253 2
325.2
352 1
336 2
546.4
306 9
353. 1
340.3
320 1
493.2
286 7
383.5
321 9
325 6
446. 8
279 7
327. 7
345. 1
334 g
493.8
293 2
384.9
265 6
260 0
333. 2
230 8
320.5
376. 9
372 8
552. 2
313 2
439 0
289 7
2«9 2
402. 1
238 9
361 9
366.8
333 8
491. 5
312 6
465 5
2^9 4
200 5
327.2
200 4
2^5 2
239. 7
243 8
348.3
199 6
258. 9
315 0
320. 7
440.3
261 0
352.2
279. 6
266 0
430. 4
235. 5
295.0
345 6
325.2
471.9
296 2
398.6
331. 0
358 2
423. 2
289. 0
350.5
376. 9
398.9
468.6
326.2
425.8
4,772
1, 436
3,336
4,809
4 879
1,483
3,396
5,055
5 642
1 680
3,962
5 338
5 368
1,600
3, 768
5 738
5 346
1,671
3,675
5 939
5 109
1, 583
3,526
6,271
4,732
1,599
3,133
6,514
4,996
1,736
3,260
6,729
1935-39=100..
do
.do
do
do
do
do
__ _ d o _ _ _
do
_ _ do
do
do
do
do
do
do
do
do
do
do
do
_ _ __do
do
_ do
___do ___
do
1935-39=100
do
242
321
184
219
269
265
307
219
220
288
250
217
170
185
215
249
272
287
336
237
»235
309
P174
224
237
327
v275
243
179
193
232
264
v 305
*281
352
P 233
200
273
378
376
r 294
P 296
268
254
257
301
320
329
271
246
257
282
307
2338
236
242
232
230
P245
^227
275, 884
104, 322
171, 562
253, 091
89,635
163, 456
231, 957
84, 330
147, 627
254, 738
97, 334
157, 405
307.6
309 3
409.5
263. 5
336. 5
334.6
324.6
464.8
282.1
376.8
292.5
296 3
382.9
250.6
328. 8
318.6
322.1
451. 5
264.7
365.7
287. 7
278.0
384. 3
251.1
335.3
315.8
302. 8
478.0
266.0
351.8
243. 1
223 2
332. 0
215.1
288.7
333. 0
313. 5
489.0
291. 5
352.1
306. 6
297. 0
403. 9
262. 5
372.8
374.8
372.6
560. 2
318.2
404.8
4,977
1,818
3, 159
6,823
4, 952
1, 763
3, 189
6,734
4, 843
1, 699
3,144
6,755
4, 998
r
1, 636
r 3, 362
6,660
5,106
1, 667
3,439
6,660
107, 590
54,612
52, 978
1,352
62, 035
17,310
44, 725
59, 914
16, 680
43, 234
9,473
50, 441
2,121
44, 203
WHOLESALE TRADE
Service and limited function wholesalers:*
Estimated sales, total _ _ _
mil. of dol
Durable goods establishments _.
do
Nondurable goods establishments ___ - do
All wholesalers, estimated inventories*
_
do
r
r
r
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment status of noninstitutional population:*
Estimated number 14 years of age and over,
total
thous
Female
do
Male _
__
do ___
Armed forces
do
Civilian labor force, total
___ do_ __
Female
do
Male
do
Employed
_____ __do
Female _ _ _ _ _ _ _
do
Male
do
Agricultural employment
_
do
Nonagricultural employment
do
Unemployed _ _
_ _
_ _ _ do
Not in labor force
do
Employees in nonagricultural establishments:!
Unadjusted (U. S. Department of Labor):
Total
thous
Manufacturing _ _ _ _ _
_ _ _ do___
Mining_
do
Construction
do
Transportation and public utilities _ do
Trade
do
Finance.
_
do
Service-do_
Government
_
do
Adjusted (Federal Reserve):
Total
do.
Manufacturing
do _
Mining
_
do
Construction _ . _ _ _
_ _ _ _ do_ _
Transportation and public utilities
do
Trade
do
106, 470
53, 890
52, 580
2,450
59, 750
17, 170
42 580
57, 690
16, 710
40 980
9,140
48, 550
2,060
44, 270
106, 630
53, 980
52, 650
2,220
59, 120
17, 270
41 850
57, 050
16, 780
40 270
8,750
48 300
2,070
45 290
106 760
54, C60
52, 700
2 170
58, 990
17 170
41 820
57, 030
16 760
40 270
8 620
48 410
1,960
45 600
106 840
54, 110
52, 730
2,010
58, 970
17 020
41 950
57, 040
16 610
40 430
7,900
49 140
1,930
45 860
106 940
54, 150
52, 790
1,890
58, 430
16 440
41 990
56, 310
16, 010
40 300
7,210
49 100
2, 120
46 620
106 970
54, 180
52, 790
1,720
57, 790
15 930
41 860
55, 390
15 480
39 910
6 500
48 890
2,400
47 460
107, 060
54, 230
52, 830
1,620
58, 010
15, 910
42 100
55, 520
15 430
40 090
6,920
48 600
2,490
47 430
107, 190
54, 370
52, 820
1,570
58, 390
15 950
42 440
56, 060
15 470
40 590
7 240
48 820
2,330
47 230
107, 260
54, 420
52, 840
1,530
59, 120
16, 320
42 800
56, 700
15, SCO
40 900
7,860
48, 840
2.420
46, 610
107, 330
54, 460
52, 870
1,470
60, 290
17, 120
43 170
58, 330
16, 580
41 750
8,960
49 370
1,960
45, 570
107, 407
54, 506
52, 901
1,398
62, 609
18, 149
44 460
60, 055
17, 302
42 753
10, 377
49 678
2,555
43 399
107, 504
54, 561
52, 943
1,371
62, 664
17, 803
44, 861
60, 079
17, 008
43, 071
10, 066
50, 013
2,584
43, 469
41, 466
14, 876
41, 848
15, 035
42 065
15, 064
42, 439
15, 271
42, 928
15, 348
41, 849
15, 475
42 043
15, 510
41, 823
15, 429
f 41, 919
15, 237
r
r
886
41 803
15, 372
884
883
883
874
883
880
879
856
884
1,713
4,103
8,402
1,554
4,430
5,502
1, 747
4,064
8,523
1,534
4,456
5,605
1 753
4,093
8,667
1,540
4,514
5,551
1,713
4, 101
8,898
1,543
4,555
5,475
1 644
4,071
9,234
1, 546
4,573
5,638
1 527
4,014
8 552
1,544
4,527
5 384
1 502
4,011
8 507
1,546
4,560
5,367
1 534
4,020
8 563
1,555
4,565
5 415
1,619
3,836
8,551
1,554
4,552
5,426
1,685
3,970
r
8, 545
r
1, 561
»• 4, 590
5,447
41,309
14, 745
886
1,601
4,042
8.573
41, 669
14, 953
41, 854
15, 019
42, 139
15, 233
42, 207
15, 310
42 243
15, 426
42 354
15, 529
42 395
15, 565
42, 065
15, 513
884
883
883
874
883
880
879
856
884
1,648
4,064
8.609
1,670
4,093
8.581
1,679
4,101
8. 639
1,731
4,091
8.630
1,678
4,075
8. 595
1,651
4,052
8. 637
1 632
4,040
8. 695
1,652
3,855
8.638
1,668
3, 970
8. 632
r
42, 079
15, 359
r
r
r
42, 361
15, 327
r
893
T
1, 768
r
4, 115
8,581
•• 1, 567
4,711
r
5, 399
42, 338
15, 357
r
893
r
1, 700
' 4, 074
r 8. 678
42, 139
' 15, 170
'864
1, 853
4,139
8,556
1, 590
4,686
5,281
42, 558
15, 484
42, 042
15, 188
r
864
P 42, 380
p 15, 346
p894
p 1,821
p 4, 093
P 8. 744
r
r 1, 748
" 4, 078
r 8. 686
894
1,948
4,154
8, 569
1, 599
4, 622
5,288
••Revised. ^Preliminary.
*New series. See note marked "!" on p. S-9 of the September 1947 Survey for reference to data beginning 1939 or 1938 for the series on wholesalers' sales and inventories and recent minor
revisions in the sales figures. Estimates of the labor force for July 1945 to date have been published on a revised basis beginning in the September 1946 Survey; earlier revisions for these
series and 1940-46 data for the series on institutional population will be published later.
!Revised series. For revised data for 1919-45 for the index of department store stocks see p. 24 of August 1946 Survey. See notes marked "f" on PP- S-8 and S-9 of September 1947 Survey with regard to published and unpublished revisions in the estimates of employees in nonagricultural establishments and in the indexes of department store sales, except the index for the
Philadelphia district; revised data for 1919-46 for this district are shown on p. 17 of that issue.
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1&47
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Estimated production workers in manufacturing
industries, total (U. S. Dept. of Labor)*
12, 449
12,514
12,511
12, 593
12, 244
12, 614
12, 524
12, 341 ' 12, 404 ' 12, 276
12, 253
thousands-12, 101
12, 565
6,379
6,429
6,502
6,249
6,281
6,393
6,532
6,524
6,426
' 6, 488 r 6, 309
6,160
6,380
Durable goods industries
...
__ __ do.
1,521
1, 552
1, 562
1,514
1,535
1,567
1,555
1,500
1,567
' 1, 562 ' 1, 547
1, 490
Iron and steel and their products
do
1,570
Blast furnaces, steel works, and rolling mills
482
483
480
467
480
482
474
487
491
497
500
480
thousands. .
590
554
563
579
597
598
601
599
567
574
'557
545
554
Electrical machinerv
.
... do
1,150
1,161
1,112
1, 173
1,181
1,189
1, 194
1, 197
1,185
1,152
1, 131
Machinery, except electrical ___ .
do...
1, 092
1,172
378
381
385
363
380
386
384
382
370
386
357
373
Machinery and machine-shop products, do
60
60
59
62
61
55
62
58
57
53
50
61
Machine toolsj _
.. _
do...
778
774
791
755
789
788
774
798
807
751
'785
755
780
Automobiles
do
Transportation equipment, except automobiles
464
473
474
472
471
477
466
455
457
463
'395
468
thousands. .
393
144
142
140
146
145
141
143
142
138
134
129
134
Aircraft and parts (excluding engines) J_ do
30
29
29
29
28
29
27
27
28
28
27
28
Aircraft engines*
do
142
141
134
143
139
134
140
144
140
141
88
158
Shipbuilding and boatbuilding!
do
432
411
422
428
426
412
417
430
424
401
'385
406
Nonferrous metals and products
do__ _
385
599
592
592
598
651
583
590
611
627
665
'658
584
Lumber and timber basic products
do
677
471
480
473
477
469
474
489
'524
'535
503
473
531
Sawmills and logcing camps§
.
do__ .
432
419
441
405
411
425
440
433
425
426
'419
405
Furniture and finished lumber products. _do
429
224
230
235
217
227
229
220
234
226
227
224
217
Furniture§
.
..
_.. _ _ d o
422
424
424
425
418
422
427
429
418
423
'411
415
Stone, clay, and glass products
do___
420
6, 121
6,082
6,091
6,070
6,082
5,995
5,972
5,996
5, 915
'5,916
5, 941
' 5, 967
Nondurable goods industries
do
6,185
Textile-mill products and other fiber manufac1,242
1,242
1,247
1,204
1,230
1,242
1,215
1,197
1,179
1,189
1,223
' 1, 158
tures
thousands
1.178
Cotton manufacturing, except small wares
469
472
465
470
456
470
468
460
452
460
453
445
thousands..
95
96
96
95
92
93
94
95
94
91
89
93
Silk and rayon goods
. .
.
do
Woolen and worsted manufactures (except
164
162
162
163
160
158
153
148
161
147
142
156
dyeing and
finishing)
thousands
Apparel and other finished textile products
1,079
1, 090
1,119
1,049
1, 063
1, 120
r 1, 040
1,065
1, 066
1,037
1,040
1,030
thousands..
1,125
280
283
285
288
267
270
288
284
281
278
285
266
Men's clothing§_
do
414
422
407
439
442
415
389
402
418
408
389
402
Women's clothing§
do
362
362
357
364
363
358
355
358
345
346
349
356
Leather and leather products
do
361
219
222
223
224
219
216
221
214
224
213
217
217
Boots and shoes§
do
1, 139
1, 098
1, 059
1,114
1, 175
1, 091
1, 141
1,055
1, 068
1,077
1,184
' 1, 203
Food a n d kindred products _ _ _ _ _ d o
1,273
249
249
241
253
244
241
245
247
246
247
251
237
Baking
do
132
95
82
91
245
116
77
80
80
146
173
207
Canning and preserving
_ do
151
139
154
149
139
95
84
144
143
146
150
138
Slaughtering and meat packing
do
91
92
90
89
82
83
84
87
89
86
'84
86
86
Tobacco manufactures
do
383
387
387
381
372
386
387
385
381
376
369
'373
378
Paper and allied products
do
'194
'192
'195
'187
'190
'192
'192
194
'188
'193
'193
'187
Paper and pulp§
do
Printing, publishing, and allied industries
420
417
422
401
415
420
421
421
423
'422
410
399
426
thousands. _
137
140
141
142
132
135
135
137
139
134
142
131
Newspapers and periodicals
do
177
178
178
178
177
176
175
176
176
170
174
169
Printing, book and job§
do
550
555
564
568
569
561
530
539
565
' 543
'547
520
554
Chemicals and allied products .
do
121
123
124
124
125
125
127
126
117
125
118
117
Chemicals
do
155
154
160
155
155
154
155
158
157
155
' 163
156
Products of petroleum and coal
do
163
99
99
100
101
100
98
99
99
98
99
103
100
Petroleum refining
do
229
240
242
240
234
223
'219
240
238
236
212
223
Rubber products
... . _ _ _ _
do
214
'129
'119
'118
'123
'129
'128
'126
135
'127
123
'118
'127
Rubber tires and inner tubes§
do
Production workers, unadjusted index, all manu'151.4
152.0
152.9
'150.6
' 149. 9
152.8
152.7
153.7
154.0
149.5
149.6
147.7
153.4
facturing (U. S. Dept. of Labor)f
1939=100_.
176. 7
177.0
180. 1
180.9
178. 0
' 179. 7
178.0
180.8
' 174. 7
173.1
173. 9
176. 7
170. 6
Durable goods industries
_
do
154.9
153. 4
156.5
158.0
156.8
' 157. 5
152.7
151.2
157.5
158.1
' 156, 1
150.2
Iron and steel and their products , . ..do ...
158.3
Blast furnaces, steel works, and rolling mills
124.0
120.2
124.2
126. 4
128.0
128.6
123.5
124.4
125.3
123.6
121.9
123. 6
1939=100..
232. 0
227. 6
230. 6
231. 3
218.7
213.8
221.5
217.3
223.4
230. 8
'215.0
210.5
213. 7
Electrical machinery _ _
do
224.2
219.6
222.0
225. 1
226. 6
225. 9
217.9
217.7
223.5
210.3
214.0
206.6
Machinery, except electrical . _ ,.
do_.
221. 8
184. 5
190.8
189. 6
188.7
186. 7
187.6
188.8
190.3
190.6
179.5
183.0
176. 2
Machinery and rnachine-shop products do
158.4
150.5
145. 9
136. 8
163.2
156. 1
164.6
165. 3
161. 1
169.2
169.2
167 5
M^achine tools!"
do
198.2
196. 2
192.3
187.7
200.5
186.5
' 195. 0
193.3
196.6
196.0
192.3
187.8
193.8
Automobiles
do
Transportation equipment, except automobiles
' 248. 9
292.4
298.2
298.4
296. 7
300.8
293.7
291. 8
297.6
286.8
287.8
247.6
294.7
1939=100..
368. 8
337.4
355.8
357. 6
348.4
326.0
364. 8
362.8
357.6
351. 6
360. 9
338.3
Aircraft and parts (excluding engines) J. do
314.9
331.4
315.8
303. 4
302.5
301.1
329.8
326. 2
321.8
310. 5
321.8
309. 3
Aircraft engines];
do
206. 2
202.8
202.7
126. 7
193.2
205.7
203.3
207.8
203.5
200.8
193. 3
228.6
Shipbuilding and boatbuilding^
do
'
168. 2
184.0
185.
8
186.9
188.
9
187.5
184.8
179.6
175.
1
179.
5
182.0
168.0
177.3
Nonferrous metals and products
_. _ _ do__
154. 8
158.2
142.4
140.8
140.9
145.4
149. 1
' 156. 5
142.3
140.4
139.0
138.6
161. 0
Lumber and timber ^basic products
do
152.
1
152.
9
150.2
155.
7
'
167.
0
150.
7
160.3
169.
3
149.4
151.
0
'
170.
5
150.7
Sawmills and logging camps§
do
134. 5
134.2
131.8
129.8
127.7
129.6
131. 8
129.5
' 127. 8
123.5
125. 2
123.4
130.9
Furniture and finished lumber products. .do
132.1
128.9
125.6
127.7
129.3
131.3
127.0
127.6
121.7
123. 7
125.9
122.2
Furniture §
do
144. 5
143.9
144.4
144.9
145.3
146.0
142.6
144.0
' 140. 2
142.5
143.8
143. 1
141.6
Stone, clay, and glass products
do
130.9
132.8
133.0
132.8
129.1
129. 1
130.4
132.5
133.6
' 130. 3
130.9
135.0
129.7
Nondurable goods industries
_.
do._
Textile-mill products and other fiber manu105.2
106.2
108.6
109.1
108.6
106.9
103.1
107.6
108.6
104.6
104.0
'101.2
103.0
factures
1939=100
Cotton manufactures, except small wares
118.4
118.7
119.1
118.7
118. 1
116.2
115. 1
116.0
117.5
114.5
114.2
112.3
1939=100..
79.1
79.8
79.9
79.5
78.4
78.3
79.6
76.7
75.8
77.6
74.4
77.2
Silk and rayon goods
do
Woolen and worsted manufactures (except
108. 7
110.2
109.2
107.5
105.9
102.7
104.4
107. 0
108.6
99.2
98.3
95.4
dyeing and
finishing)
1939=100
Apparel and other finished textile products
132.9
134.9
134.6
138.0
141.9
136.6
141.7
135.0
131.4
130.5
131.7
'131.7
1939=100-.
142.5
121. 8
123. 1
123.9
125.2
117.7
125.3
116.1
123.5
122.2
123.9
121.1
115.7
Men's clothing§
_
do
142. 1
147.4
146.0
144.8
145.0
153.5
154.5
142.4
136.0
135.9
140.5
140.4
Women's clothing§
do
102.2
102.9
104.4
104.4
103. 1
104.9
104.7
103.0
99.4
99.8
102.7
100.6
Leather and leather products
do
104.1
93.7
96.4
97.2
94.1
95.0
94.7
96.0
97.1
95.6
92.1
92.9
93.9
Boots a n d shoes§ _
_ _ _ _ _
_ do. .
128.4
137.5
127.7
133.5
133.3
123.9
123.5
125.0
126.0
130.3
138.6
'140.8
Food and kindred products
do
148.9
109. 6
107.9
107.9
106.2
104.6
104.6
105.7
107.2
106.5
107.2
108. 7
102.7
Baking
do
182.2
128.9
98. 1
86.2
70.3
60.8
56.9
59.4
59.4
108.2
67.9
153.5
Canning and preserving
do
70.0
115.3
125.0
128.1
114.8
78.6
123.5
119.1
115.7
118.9
121.1
124.2
Slaughtering and meat packing
do
' Revised.
|See note marked "§" on p. S-10 of September 1947 Survey for reference to revised data for shipbuilding, aircraft and aircraft engines, and mach ine tools,
§Data for the indicated industries have been revised beginning 1939 to adjust the series to data from the Federal Security Agency; see note marke i "§" on p. S-10 of Se ptember 1947 Survey
fnr rafaranr>a fr> rotricnH data fnr fnmitnrn and thp nlnt.hincr indnstrips' and n 94 of that issiip. for rp.visp.d data, for 1 Q3Q-46 for thp hnnts and shr»p.s in d nstPV rpvisinr15 hvpcrirmin cr 1 Q^Q fnr ntViAr indue.
SUKVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-ll
1947
1946
August
September
Octo-
ber
Novem-
ber
Decem-
ber
Janu-
ary
Febru-
ary
March
April
May
June
July
August
90.2
143. 4
141.3
129. 1
119. 7
137.8
r 188. 5
182. 1
150.8
139.2
r
180 7
r
217. 0
••89.8
' 140. 7
140.9
' 128. 8
119 8
138 1
r 189. 8
180 8
' 153. 7
141.4
r 175 2
212 3
' 151. 7
r
r
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMP LO YM ENT— Continued
Production workers, index, unad justed t — Con.
Nondurable goods industries— Continued
Tobacco manufactures
._
1939=100
Paper and allied products
_ _ _ do.
Paper and pulp§
do
Printing, publishing and allied industries, do
Newspapers and periodicals
do
Printing, book and job§
do
Chemicals and allied products
do Chemicals
do
Products of petroleum and coal _
do
Petroleum refining
. do.
Rubbcr products
do
Rubber tires and inner tubes§_
_
do
Production workers, adjusted index, all manufacturing (Federal Reserve)!
1939=100
Durable goods industries!
do
Nondurable goods industries!
do
Nonmanufacturing, unadjusted (U. S. Dept. of
Labor):
Mining:!
Anthracite
1939=100
Bituminous coal
do
Metalliferous
___ _
do
Quarrying and nonmetallic
_ do _
Crude petroleum and natural gas!
do
Public utilities:!
Electric lismt 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
Miscellaneous employment data:
Federal and State highways, total}:
number-Construction (Federal and State)
do _Maintenance (State)
do
Federal civilian employees:^
United States
thousands
District of Columbia
__ __ __
do
Railway employees (class I steam railways) :
Total
_ .
thousands
Indexes: Unadjusted!
..
1935-39=100.Adjusted!
do
91.7
139.2
«• 135. 5
121.6
110.4
132.1
180.5
168.5
147.4
137.4
184 0
' 217. 6
93.5
140.0
'1 35. 6
122.3
111.0
133.2
184.0
167.6
147.8
137.0
189 1
' 226. 0
95.8
141. 7
«• 136. 2
125.0
112.8
136.6
187.2
169.8
146. 8
136.2
194 8
«• 234. 4
146.3
169.7
127.8
148.6
172.7
129.6
82.0
90.8
82.5
103.2
95.5
97.6
144.3
' 137. 9
126. 6
113.7
138.3
190.9
173.3
146.6
136.0
198 8
•• 238. 3
98.3
145.7
' 139. 2
127. 9
115.2
139. 5
192. 5
176.7
146.1
136.4
200 1
»• 237. 9
96.1
145. 6
»• 139. 6
127.2
114.0
139. 5
195. 6
178. 6
145.4
135. 0
198 8
r
235. 5
95.4
145.9
140. 4
128. 1
115. 7
139.4
197. 1
178.6
146.0
135. 2
198 2
' 233. 3
149. 1
173.8
129.7
151.5
176.4
131.8
152.4
177.1
133.0
153. 4
178. 7
133. 4
82.2
90.5
83.5
102.5
93.9
83.2
90.1
83.9
101.7
93.4
82.9
90.0
85.2
101.2
93.0
83.0
88.1
86.2
99.7
92.6
101.9
130. 2
111.9
181.1
101.9
129. 9
112.0
181.0
102.0
130.3
110.3
181.6
102.5
130.6
108. 7
183.4
124.5
111.6
119.3
125.6
109.9
119. 5
126.1
110.1
120.6
106.6
103.6
117.4
109. 1
109.8
103.5
125.4
109.4
237, 601
82, 384
117, 543
92.2
145.9
87.5
145.0
r 140. 4
r 139. 6
128.2
116. 9
138.4
197. 5
179. 1
145. 9
135. 4
196 5
'231.4
128.5
117.9
138. 1
196. 2
180. 1
145.4
134.0
193 5
' 227. 0
154.4
180.8
133.6
154.6
181.5
133.4
153.8
181. 2
132.2
151. 9
178.2
131 1
83.4
90.8
87.2
96.9
92.1
82.9
90.4
87.6
97.1
91.7
81.8
89.7
88.6
98.7
92.0
80.1
83.0
89.6
103.1
92.6
81. 1
88 1
89 4
104.3
93.3
103.0
130. 1
107. 4
184.6
102. 5
130. 9
104. 6
185. 2
103.2
131. 1
201. 5
186.9
104.0
131.0
100.7
188.4
104.8
130.9
104.5
127.2
105. 7
130.7
102 8
159.2
107.5
130.4
102 3
190.4
r
109 3
' 130 9
101 5
r 193 3
123. 0
109. 9
120.2
120.9
110.9
119.1
118.2
111.0
117.3
117.0
109.5
117.7
118.8
108.7
117.3
121.5
109 1
117.5
123.7
110 2
118.4
127.7
112 2
119.4
r 123 4
112 8
r Hg 3
117 3
110 2
118 3
112.2
103. 7
132.4
110. 7
117.4
108.6
145. 2
112.7
126.5
111.9
171.0
114. 4
110.5
108 5
125.6
112.2
109. 6
111.2
119.4
111. 9
111.2
112.8
122.5
111.7
111. 5
113 7
122.9
110 5
111 3
113 9
121.2
109 7
111 4
113 7
r HO 2
109 2
110 5
113 0
116.5
111 1
112 4
236, 644
88, 473
110, 940
235, 045
87, 889
110, 363
220, 879
75, 850
108, 328
198, 097
56, 289
104, 901
186, 449
45, 094
104, 914
188, 212
46, 048
105, 699
199, 338
52, 330
107, 855
213, 871
69, 239
105, 407
240, 838
90, 595
109, 641
266, 966
107, 192
116 465
285, 865
116 116
123 877
2, 232
233
2,154
226
2,119
225
2,018
224
1,981
221
1,973
220
1, 966
219
1,944
218
1,926
215
1,907
212
1 850
205
1 817
198
p i 784
p 196
1,400
134.3
131.6
1,392
133.6
130.4
1,405
134.9
130.5
1,412
135.4
134. 3
1, 383
132.5
134.6
1,361
130. 5
135. 7
1, 353
129. 7
133.0
1,354
129.9
133.2
1,375
131.9
134.0
J , 395
133. 8
134 3
1, 405
134.8
132 9
P i 412
' 135 5
P 132 7
v 1 412
v 135.5
P 132 7
284.4
316.1
265.9
290.3
323.3
273.6
292.8
328.1
273. 7
298.2
331.1
280.8
306.2
337.3
276.2
307. 3
340. 0
287.9
310.6
344.6
287.9
314.1
349.9
294.2
310.7
349 9
297 5
312.2
353 8
306 7
••319.6
r
365 9
r
316 1
313.9
350 6
304 4
204.0
378.9
362.2
314.2
281.4
319 0
206.3
397.2
376.2
322.3
285.5
330 3
203.2
408. 1
388.0
333.5
291. 9
324.3
208.7
416.0
390. 1
336. 8
285.5
325.7
193.9
430. 2
399.9
346.7
290. 7
328 9
208.9
425 6
406. 6
350. 3
282. 7
321 1
209.3
422 9
409. 6
352.0
278.9
337 3
212.9
429 6
416.6
354.9
275.6
347 7
219 8
396 6
423 0
357.6
269 7
343 4
236 2
407 1
429 5
362.6
263 6
329 0
247 0
432 6
434 6
367. 9
262 6
r 357 o
234
422
499
356
239
347
2
3
7
1
9
8
' 553. 1
640.8
498.3
421.5
324.2
285.6
313.1
250.0
246. 7
260.1
253.4
524. 1
663.9
507. 8
' 346. 6
331. 8
285. 2
309.8
254. 4
249. 9
267.0
258.1
542.3
681.3
530. 2
353. 7
338.8
292.0
315.0
264. 2
260. 1
271.3
258.3
531. 1
680. 4
484.3
336. 8
345. 3
284.7
305.7
268. 5
263. 7
274.8
266.0
571.2
683.3
533. 7
399. 1
356.3
290. 6
306.9
279. 1
273. 4
281. 6
275.8
562. 6
668. 7
535. 0
395. 8
354. 8
292. 4
309. 2
283. 1
278 8
280. 0
275. 3
558. 2
667.8
506. 8
377. 9
360. 0
310.7
333.4
292.0
289 1
278.4
277.4
556.9
662.2
479.9
386.0
359. 0
310.1
334.5
292.0
288 8
285.7
279.2
565.3
657.2
487 6
399. 1
354 0
323.4
350 5
286.8
282 2
288 8
272 3
561.3
639. 2
477 0
395 6
349 o
351.4
r
384 7
285.1
278 9
286 9
r 271 5
560.3
621 5
481 5
396 4
346 2
374 9
r
412 9
290 4
284 7
298 2
r 274 2
479
607
485
245
396
358
395
281
274
294
277
6
7
1
7
6
4
4
4
4
6
9
229.4
275.5
181.4
235.5
281.7
180.9
241.1
285. 4
189.3
246.0
293. 5
191.4
253.7
301. 2
197.9
254. 3
304. 4
201.3
262.0
309.1
206.9
265.0
322.0
208.8
255 4
314.8
200 9
248 3
303.2
200 4
242 5
293.5
194 3
237 5
288.7
191 3
r
r
r
r
88.4
143.7
140. 3
128.6
119.0
137.2
194.8
180.3
149.3
137.9
184 5
220. 0
r
r
»• 179. 5
129 8
80.3
88. 7
90.4
105. 7
95.5
r
r 120.6
r
149 2
174 1
' 129 6
78.7
81 8
89 1
106 0
97 2
r
r
PAY ROLLS
Production-workers pay rolls, unadjusted index,
all manufacturing (U. S. Dept. of Labor)!
1939=100..
Durable goods industries _ _ _
do
Iron and steel and their products
_
do
Blast furnaces, steel works, and rolling
mills
_
_ __ 1939=100
Electrical machinery
do
Machinery, except electrical
. _
do
Machinery and machine-shop products do
Machine tools § do
Automobiles §
do
Transportation equipment, except automobiles
1939 = 100-.
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 and logging camps §
_ _ _ . do
Furniture and finished lumber products do
Furniture§
do
Stone, clay, and glass products - __
do
Nondurable goods industries
do
Textile-mill products and other fiber manufactures. _ _ _ ._1939=100
Cotton manufactures, exc. small wares do _ _
Silk and ravon goods. _ _ __ .
do
Woolen and worsted manufactures (except
dveing and
finishing)
1939 = 100. .
Apparel and other finished textile products
1939=100 ...
Men's clothing§
do
Women's clothing§
_do
Leather and leather products
_._do
Boots and shoes §
do _
Food and kindred products
do
Baking
_ __
do
Canning and preserving. .
do
Slaughtering and meat packing
do_ _ _
234.1
242.7
243.7
242.7
253.0
251.8
275.0
262.0
248.3
240.5
240 2
231 1
272. 5
236.4
306.3
199. 6
188. 1
254.3
184.1
387.4
202.3
283.0
242.7
320.1
204.7
195.2
246.5
187.5
466.8
118.2
283.6
246.2
311.8
199.5
188.2
232.2
190.8
324.7
110.5
283.2
271.9
284.9
201.6
190.8
252.0
199.0
212.9
215.7
292.7
278.4
296.3
218.3
209.3
263. 3
209.0
201.1
236.9
300.6
277.2
340.0
220.8
197.7
256. 4
201. 1
158. 2
268.0
314.1
280.8
344.8
223. 0
198. 9
242.5
194. 5
137.2
237.8
317.5
281.3
340.0
222.2
213. 7
239. 3
193. 2
130.4
217.1
279. 8
267 1
277.7
214.6
205 3
243.1
195 4
139 6
211.6
272.1
270 5
260.3
207.0
197 0
252.8
199 7
143 4
231.9
274.9
273 0
264! 1
211 5
201 7
267.8
203 9
163 8
241.2
278.9
260 0
284.6
211 2
200 7
290.8
208 2
265 2
259.9
91.7
142.4
129.8
192.3
153.7
176 6
P151.8
v 175. 7
p 133. 0
88 1
88.8
110 4
130.3
194 1
SUKVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1947
1946
August
September
October
1947
November
December
January
February
March
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES— Continued
PAY ROLLS— Continued
Production-workers pay rolls, mfg., unadj.f — Con.
Nondurable goods industries— Continued
222.0
201.0
207.4
209.4
181.6
182.8
194.8
186.2
196.0
193. 1
Tobacco manufactures _
_ _ 1939=100
212.7
200.0
288.1
284.5
290.9
285.1
290.9
' 291. 1
259.8
268.5
' 298. 0
298.7
Paper and allied products
do
256. 5
276. 6
' 272. 7 r 274. 3 ' 279. 8
' 284. 4 r 289. 4
' 302. 1
Paper and pulp§
do
r 252. 7
' 253. 3 ' 260. 4 ' 267. 0
' 281. 4
309.6
Printing, publishing, and allied industries
221.8
223. 9
234.2
208.4
230.7
203.1
219.6
235. 9
198.1
214.0
227.7
233. 6
1939=100.189. 7
185.2
202.1
209.3
178.9
191. 2
197.2
175. 6
182.0
' 210. 0
208.9
Nevvspapers and periodicals
do
168. 8
248.4
253. 7
249. 4
255. 4
233. 4
255. 2
222.4
222.9
253. 5
258. 1
Printing, book and job§ __
do
241. 4
259.8
372.6
362.9
357.0
378.3
381.5
373.3
335.3
329.1
345.0
377.5
320.0
378.7
Chemicals arid allied products
do
323. 5
313.4
321.0
334.9
294. 0
329. 5
338.9
301.3
326.8
Chemicals _ _ __
do
288.0
289. 6
341.8
256. 8
265.2
250.9
253.9
275. 7
286.2
262.1
253. 1
257.4
252.7
Products of petroleum and coal
do
252.6
295.6
228.8
230.2
227. 5
236.8
243.8
253.8
228.2
226.9
234.9
265. 4
Petroleum refining
do
232.7
228.7
385. 0
383.9
392. 2
386.3
' 367. 2 '361.9
361.3
377.4
374.3
352 7
336.9
363.9
Rubber products
do
' 414. 2 r 399. 3
' 414. 7 ' 425. 3 ' 416. 3 ' 413. 3 r 397. 3
' 396. 1
393.8
Rubber tires and inner tubes§
do
' 356. 4 ' 400. 2 r 397. 6
Nonmanufacturing, unadjusted (U. S. Dept. of
Labor) :
Mining:f
184.7
186.3
212. 3
202.0
155.5
194. 6
199.9
182.3
206.2
193.3
194.0
171.8
Anthracite
1939 — 100
248.7
258. 3
265. 4
189.8
244.6
252.3
237.1
234.9
233. 1
245.6
194.9
241.0
Bituminous coal
do
162.0
172. 1
159. 3
156.8
164.7
148.0
146.9
'181.8
147.0
162.6
145. 2
171 9
IVletallifcrous
do
205.6
233. 2
221.9
204.8
241.7
251.3
251.2
227.9
227.6
222.4
213.7
225.1
Quarrying and nonmetallic
do
152.9
153. 8
162.3
163.4
147.1
175.3
150.1
151.0
154.5
152.6
149.5
173.9
Crude petroleum and natural gasf
do
Public utilities:!
163.7
168.2
159.5
166.5
177. 5
155.3
161. 6
152.4
153.3
157.6
160. 8
178.4
Electric light and power
do
219.5
220.0
222.1
218.8
213.6
216.1
211.2
212.6
210.9
222 1
207. 9
218.6
Street railways and busses
do
185.4
189.1
239. 3
226.9
190.5
218.8
215.2
194.2
198.0
178. 5
177.3
201. 7
Telegraph
do
269.4
202.9
269.2
264.5
267. 5
267.2
136.1
292.5
302.2
267.6
265.0
273.0
Telephone
__do_
Services:!
204.7
221.7
219.5
213. 8
231. 5
241.9
225.7
216.9
225. 6
217.0
214.7
227.6
Dyeing and cleaning
do
196. 1
203. 8
201.0
201.8
200. 5
211. 1
188.4
189.8
196.9
188.7
191.5
210.3
Power laundries
do
216.6
219.4
221. 1
226.4
214. 5
218.8
215.1
208.9
218.5
216.8
209. 5
222.0
Year-round hotels
do
Trade:
187.5
187.2
192. 9
201.2
212.2
182.5
191.7
174.6
180.8
190.1
'195.3
198:6
Retail, total f
do
197.1
189.4
202. 8
194. 6
206. 0
212. 1
174.6
185.7
199.9
173.6
213.8
Food*
do
177. 2
201.4
277.2
210. 4
208. 4
212.3
204.8
' 218. 9
214. 4
199.0
225.0
205.6
General merchandising!
do
188. 1
190.4
190.8
197.2
189.7
198.0
184.5
191. 4
177.3
189.7
191.6
196.5
182.8
Wholesale!
do
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
40.4
40.0
40.1
40.5
40.2
40.6
40.4
'40.2
40.5
'39.8
All manufacturing!
hours
40.3
40.9
p 39. 8
40.5
40.7
40.5
40.7
40.2
40.5
40.7
40.6
P39.9
40.5
40.3
Durable goods industries*
do
40.8
40.0
40.0
40.4
40.3
40.2
40.4
40.4
40.3
40.0
39.8
39.9
39.7
39.2
Iron and steel and their products*
do
Blast furnaces, steel works, and rolling
38.5
39.2
38.2
'38.9
38.2
38.7
37.0
38.9
39.5
37.2
38.0
38.8
mills*
hours
40.0
40.0
39.8
40.5
40.7
40.6
41. 1
40.5
39.8
40.6
40.8
39.7
Electrical machinery*
do
41.3
41.5
41.4
41.4
41.4
40.9
41.5
40.9
41.5
41.3
40.9
41.1
Machinery, except electrical*
do
Machinery and machine-shop products*
41.5
41.6
41.6
41.7
'41.5
41.2
41.6
41.1
41.8
41.6
40.8
41.6
hours _42.3
42.1
42.0
42.2
42.2
41.9
42.6
42.3
42.8
42.3
42.0
41.6
Machine tools*
do
38.8
38.5
39.4
38.9
38,3
39.2
38.8
38.6
39.7
38.7
Automobiles*
do
38.5
37.7
Transportation equipment, except auto39.7
39.8
40.2
40.2
38.4
40.0
40.6
39.8
mobiles*
hours
39.7
38.8
40.1
40.1
Aircraft and parts (excluding engines)*
40.1
39.6
40.4
39.8
39.5
39.2
40.6
39.8
39.9
40.7
40.6
39.6
hours-40.7
39.7
39.2
41.9
39.4
39.6
42.1
37.2
41.4
38.8
41.9
41.4
Aircraft engines*
do
38.4
39.9
40.4
40.2
39.9
40.6
37.7
35.7
40.0
39.5
38.0
35.7
Shipbuilding and boatbuilding*
do
41.0
41.7
40.8
40.6
40.9
40.9
41.0
40.9
40.5
39.6
40.8
40.7
Nonferrous metals and products*
do
42.1
41.4
41.9
41.7
41.4
40.6
40.6
41.0
'42.7
42 0
41.8
'42.0
Lumber and timber basic products* do
41.8
40.9
40.2
'42.4
41.1
41.2
41.5
40.0
40.6
41.9
Sawmills and logging camps*
do
41.4
'41.7
Furniture and finished lumber products*
41.9
41.5
42.2
42.2
41.8
41.7
41.5
41.2
41.9
41.7
41.7
41.8
hours
42.0
41.4
41.2
41.4
41.6
41.5
41.9
41.8
41.4
40.9
41.7
41.6
Furniture*
do
40.1
40.5
40.3
41.0
40.5
40.5
40.8
40.6
'40.3
40.1
40.7
40.5
Stone, clay, and glass products*
do
40.4
39.6
40.7
40.2
40.3
41.1
40.1
39.8
'39.6
*39.7
'39.7
40.4
40.3
Nondurable goods industries*
_ do
Textile-mill products and other fiber manu40.4
39.1
38.9
40.2
40.9
40.0
38.6
38.4
40.2
40.5
40.0
40.1
factures*
hours
Cotton manufactures, except small wares*
40.5
39.3
38.8
40.9
38.3
38.3
39.9
40.3
40.6
40.1
39.8
39.8
hours..
41.6
40.2
41.0
41.5
40.3
40.3
41.6
41.1
41.8
41.1
40.4
41.3
Silk and rayon goods*
do
Woolen and worsted manufactures (except
41.0
39.1
39.2
39.4
40.1
39.1
41.3
41.3
40.9
40.1
40.9
41.1
dyeing and
finishing)*
hours
Apparel and other finished textile products*
35.5
35.8
36.7
35.7
36.7
36.0
36.8
36.6
37.0
36.9
37.0
36.9
hours.37.8
37.2
36.6
37.2
36.5
37.6
37.8
38. 1
37.8
37.7
37.5
37.7
Men's clothing*
do
36.2
34.4
34.9
34.7
35.3
35.7
36. 1
'34.6
35.0
35.5
36.4
35.8
Women's clothing*
do
39.5
38.3
39.0
38.1
37.7
37.1
39.1
39.3
'38.1
38.2
37.5
37. 8
Leather and leather products*
do
39.2
38.0
37.2
37.7
36.9
36.3
38.8
39.1
38.1
'37.8
37.9
36.9
Boots and shoes*
do
42.7
42.1
43.0
42.9
42.3
'43.2
43.3
42.4
44.4
43.6
43.0
43.7
Food and kindred products*
do
43.2
42.5
43.0
142.6
44.0
43.9
M2.5
142.7
43.6
45.3
44.5
45.0
Baking*
do
37.0
38.0
37.7
38.3
37.8
37.3
40.1
41.7
38.8
37.6
42.3
43.5
Canning and preserving*. ._.
do
41.8
42.7
41.9
44.9
46.4
47.5
44.5
44.7
37.5
44.0
43.4
35.9
Slaughtering and meat packing*
do
37.8
36.7
36.3
38.2
39.7
40.2
39.2
37.5
40.3
39.6
39.5
38.6
Tobacco manufactures*
do
43.2
43.0
43.2
43.1
42.9
43.4
43.3
43.7
43.2
42.9
43.4
43.0
Paper and allied products*
do
44.4
44.3
44.7
44.2
44.3
44.5
44.4
44.6
44.5
44.4
44.5
43.8
Paper and pulp*
do
Printing, publishing, and allied industries*
40.1
41.0
40.3
40.1
40.1
39.9
39.7
41.0
41.5
41.0
40.8
41.0
hours. _
38.9
38.9
38.6
38.9
38.4
39.3
39.3
38.8
38.3
39.3
38.7
39.4
Newspapers and periodicals*
do
40.7
40.5
41.9
40.8
41.1
40.6
41.7
42.7
42.0
40.7
41.8
42.0
Printing, book and job*
do
41.4
41.0
41.3
41.1
40.9
41.3
41.3
41.5
'41.1
41.6
40.9
40.8
Chemicals and allied products*
do
40.9
40.8
41.2
41.3
41.0
41.0
40.9
41.1
41.4
41.1
41.1
41.1
Chemicals*
do
40.5
40.2
40.1
40.2
40.0
40.7
40.4
40.3
40.0
40.5
40.4
40.3
Products of petroleum and coal*
do
40.1
39.5
40.2
40.0
40.4
39.9
39.8
39.8
40.6
40.7
40.2
40.0
Petroleum refining*
do
39.5
41.1
38.6
39.4
40.0
40.6
40.6
39.8
'39.1
40.6
'39.0
39.4
Rubber products*
do
38.2
38.2
37.9
39.0
39.5
38.2
39.8
39.3
'37.7
'37.6
39.6
37.4
Rubber tires and inner tubes*
do
'Revised. * Preliminary. § See note marked "§" on p. S-10.
i Not strictly comparable with data prior to May 1947; comparable April 1947figure,41.9.
*New series. Indexes of pay rolls beginning 1939 for retail food establishments are shown on p. 31 of the June 1943 Survey. Data beginning 1939 for the printing and publishing industries
and the aircraft engine industries will be published later. Data beginning 1939 for all series on average hours will also be published later: see note in the September 1947 issue for reference to
earliest data published in the Suvey and explanation of a change in January 1945 which affected the comparability of the data for the machine tools, aircraft engines, and shipbuilding industries.
!Revised series. See note marked "!" on p. S-10 with regard to revised indexes of pay rolls in manufacturing industries and note marked "t" °n P- S-ll with regard to revised data for
payrolls in nonmanufacturing industries. Data beginning 1942 for average weekly hours in all manufacturing industries are available in the March 1943 and later issues of the Survey;
revised data prior to 1942 have not been published in the Survey and will be shown later
SURVEY OF CURRENT BUSINESS
October 1947
S-13
1947
1946
1941 ami descriptive notes may be found
in the 1942 Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker—Continued
Nonmanufacturing industries:
Building construction _
hours
Mining:
Anthracite
do
Bituminous coal
_
do
Metalliferous
do _ _ .
Quarrying and nonmetallic
do
Crude petroleum and natural gas
_
do
Public utilities:
Electric light and power
do
Street railways a n d busses _ _ _ _ _ _ d o _
Telegraph
do
Telephone
do
Services:
Dyeing and cleaning
do
Power laundries
_do _
Year-round hotels
do
Trade:
Eetail
__
".
-do
Wholesale
do
Industrial disputes (strikes and lock-outs) :
Beginning in month:
Work stoppages
number
Workers involved
_
thousands
In effect during month: •
Work stoppages
_
number
Workers involved
thousands..
Man-days idle during month
do
Percent of available working time*
U.S. Employment Service placement activities:
Nonagricultural placements t
thousands. _
Unemployment compensation (Soc. Sec. Admin.) Initial claims*
thousands _
Continued claims©
- -__
do ___
Benefit payments:
Beneficiaries, weekly average®
do _
Amount of payments
thous. of dol
Veterans' unemployment allowances: *
Initial claims
_ .
thousands
Continued claims
..do
Claims filed during last week of month do
Amount of payments
thous. of dol. _
Labor turn-over in manufacturing establishments:^
Accession rate
monthly rate per 100 employees
Separation rate, total...
do _ _
Discharges
do
Layoffs
__ _ -do
Quits
..-.
do.. Military and miscellaneous
do
38.2
38.7
38.8
37.2
38.4
37.6
36.9
38.0
37.1
37.7
37.7
"36.8
37.9
42.8
40.9
.46.5
40.9
37.7
41.8
40.6
46.1
39.9
39.2
42.9
41.0
46.1
41.2
35.7
41.7
39.9
45.4
40.4
40.9
46.7
42.2
45.8
39.5
39.1
46.7
41.2
43.1
41.3
35.1
43.6
42.0
42.8
40.3
39.8
43.7
41.6
43.5
39.6
32.3
36.4
41.8
44.5
40.8
37.2
44.3
42.2
45.6
40.5
39.2
44.7
'42.6
45.6
41.9
36.0
32.5
41.2
45.2
40.6
41.6
48.6
45.4
39.3
41.0
47.5
44.8
38.5
41.9
47.7
44.4
39.1
41.6
47.3
43.5
39.3
41.4
47.9
43.2
38.0
41.9
47.7
43.8
38.4
41.6
48.0
44.0
38.0
41.0
47.8
43.7
37.9
42.2
47.8
47.3
26.9
41.6
47.6
46.0
31.5
42.2
47.4
44.8
37.5
42.1
46.5
44.8
38.4
42.6
43.0
43.8
42.9
42.9
43.5
42.2
43.0
43.8
41.9
42.6
43.8
42.8
43.5
43.7
42.3
43.3
43.8
41.1
42.5
44.3
42.0
42.4
44.7
41.9
42.8
44.9
42.6
42.7
45.0
42.9
42.8
'45.2
42.1
42.6
44.9
41.3
41.7
40.8
41.8
40.1
41.9
39.7
41.6
40.3
42.3
39.9
41.5
40.1
40.8
40.0
40.8
40.0
41.2
'40.0
41.2
40.8
41.6
41.1
41.1
560
227
499
356
516
307
344
435
168
76
"290
"100
"290
"90
"325
"100
"460
"600
"425
"200
"350
"475
"300
"500
965
425
3,900
.6
853
499
4,880
.8
848
467
6,220
.9
677
707
4,980
.8
402
500
3,130
.5
"460
"150
f 1, 250
.2
"460
"145
f 1,225
.2
"500
"160
"850
.1
"625
"650
v 7, 750
1.1
"650
"625
v 5, 700
.8
"600
"625
" 3, 750
.5
"500
"650
" 4, 200
.6
522
532
547
440
358
366
348
391
419
442
453
541
4,604
580
3,895
681
4,141
620
3,492
909
4,119
1, Oil
4, 982
731
4,488
725
4,684
1,020
4,833
1,166
4,802
878
4,905
942
' 5, 219
980
78, 047
839
63, 216
765
64, 433
710
54, 098
748
59, 370
893
74, 756
911
65, 910
974
71, 545
929
71, 569
940
72, 295
1,006
73, 559
i ' 958
' 76, 682
602
7,148
1,650
148, 016
449
6,128
1,304
124, 082
413
4,900
1,019
100, 380
405
3,743
877
74, 421
583
4,345
935
81, 964
638
5,246
1,168
106, 586
444
4,504
1,149
88, 364
397
4,423
1,002
89, 052
373
3,913
850
78, 806
354
3,173
677
63, 722
493
3,021
722
58, 509
476
3,446
759
66, 213
7.0
6.6
.4
.7
5.3
.2
7.1
6.9
.4
1.0
5.3
.2
6.8
6.3
.4
1.0
4.7
.2
5.7
4.9
.4
.7
3.7
.1
4.3
4.5
.4
1.0
3.0
.1
6.0
4.9
.4
.9
3.5
.1
5.0
4.5
.4
.8
3.2
.1
5.1
4.9
.4
.9
3.5
.1
5.1
5.2
.4
1.0
3.7
.1
4.8
5.4
.4
1.4
3.5
.1
'5.5
'4.7
.4
1.1
'3.1
.1
"4.8
"4.5
" .4
1. 0
"3.0
".1
44.99
48.02
48.78
45.39
48.36
49.29
45.73
48.90
49.86
45.79
48.62
49.91
46.96
49.57
49.67
47.10
49.60
50. 64
47.29
49.74
50.33
47.69
50.30
51.31
47.50
50.30
51.78
' 48. 44
51.72
53.71
' 49. 33
' 53. 00
' 55. 17
' 49. 03
' 52. 23
53.58
49.84
47.49
50.99
50.28
48.31
51.74
50.39
48.28
52.57
50.82
48.33
52.06
48.59
49.13
52.87
50. 89
48. 63
53. 12
50.67
48.13
53.22
51.77
49.07
53.82
52.83
48.36
54.25
56.26
50.24
55. 20
58.12
51.57
' 56. 30
55.20
51.88
56.14
51.15
54.07
53.80
51.05
54.45
53.37
51.91
55.61
53.41
61.38
55.90
53.83
52.62
56.66
54.98
52.78
56. 17
54. 13
52.61
56.09
54.29
53.10
56.46
55.45
53.31
56.06
54.14
54.44
57.13
55.96
' 55. 53
58.31
' 57. 48
55.00
56.78
56.39
53.91
53.85
56.08
54.41
48.00
38.78
37.75
40.09
40.85
43.23
41.89
52.65
53.73
56.93
50.91
48.55
38.73
37.69
40.86
41.62
44.03
42.34
54.32
53.81
57.31
53.96
48.92
39.21
37.84
41.73
42.42
44.46
42.45
52.37
52.53
51.06
51. 47
49.24
37.74
36.37
41.62
42.41
44.91
42.87
55.35
53.46
56.89
57.21
50.40
38.79
37.05
42.49
43.04
45.89
44.24
54. 48
52. 59
56. 15
57.04
49. 91
39.11
37.41
42.41
43.35
45.58
44.47
54.34
53. 41
54.77
55. 37
50.12
41.18
38.89
42.80
44.20
45.49
44.67
54.25
53.22
53.02
56.59
50. 26
40.31
39.12
43.00
44.33
46.38
44.89
54.29
52. 54
53.69
56.97
50. 33
41.01
39.81
42.87
43. 99
46.49
44. 40
f 55. 31
' 52. 42
54.76
57.91
51. 15
'43.06
' 41. 95
43.45
' 47. 24
r 44. 88
55.60
' 52. 58
54.78
57.80
' 52. 06
' 45. 07
r
44. 17
' 44. 23
45.17
' 48. 61
' 45. 32
56. 15
54. 35
54.78
57.03
51.16
43.41
42. 66
43. 62
44. 17
48.13
' 45. 65
37.00
37.54
38.09
38.38
39.26
39.29
40.32
41.01
40.12
39. 89
39.54
39.44
34.81
37.42
35.35
37.20
35.57
38.67
36.14
38.69
36.85
39.57
37. 06
40.21
37.56
41.45
39.22
41.94
38. 53
40.89
37.73
41.73
37.10
41.08
37.21
41.25
41.88
42. 44
42.40
41.67
42.96
43.10
47.44
46.28
45.26
45.28
45.75
45.33
36.48
38.11
47.45
36. 74
35.17
37.25
39.14
47.82
37.49
36.18
36.68
38.89
46.25
37.07
35. 65
36.54
41.39
43.28
37.24
35.76
37.23
41.78
44.14
39.83
38.65
38.22
41.70
47.30
40.18
39.05
38.74
41.86
48.77
40.29
38.96
38.41
41.99
47.75
40.11
38.91
35.44
40.45
42.32
39.44
37.96
35.36
' 41. 49
'41.58
' 39. 45
r 37. 78
35.77
'41.35
41.87
' 40. 12
38.30
36.50
40.28
43.57
39.75
37.76
454
484
^616
1
4, 275
1
J911
66, 991
WAGES
Average weekly earnings (U. S. Dept. of Labor):
All manufacturing t
- dollars
Durable goods industries f
do
Iron and steel and their products!
do
Blast furnaces, steel works, and rolling
millsf
.dollars _
Electrical machinery!
do
Machinery, except electrical!
do
Machinery
and machine-shop products!
dollars
Machine tools
do .
Automobiles!
do
Transportation equipment, except automobiles
__- do
Aircraft and parts (excluding engines) do
Aircraft engines*.,
_
do .
Shipbuilding and boatbuilding
do
Nonferrous metals and products f
do
Lumber and timber basic products f
do
Sawmills and logging camps
do
Furniture and finished lumber products t do
Furnituref-- do
Stone, clay, and glass products ! _ _ _.do
Nondurable goods industries !
do
Textile-mill products and other fiber
manufactures!
dollars
Cotton manufactures, except small wares!
dollars
Silk and rayon goods!
do__
Woolen and w o r s t e d manufactures
(except dyeing andfinishing)! dollars, _
Apparel and other finished textile products!
dollars. _
Men's clothing!
do
Women's clothing!
do
Leather and leather products!
do
Boots and shoes..
do
r
r 44. 21
" 49. 29
" 52. 49
9 45. 98
r
Revised.
" Preliminary.
1 Partly estimated.
• See p. 23 of December 1946 Survey for 1944-45 data.
© Computed from weeks compensated in weeks ended during month.
O Small revisions for January 1940 to May 1944 are available on request.
cf Rates refer to all employees and are therefore not strictly comparable with data prior to 1943 published in the Survey.
§ See note in September 1947 Survey regarding a change in January 1945, also in 1942 for women's clothing industry, which affected the comparability of the data.
* New series. See note marked "*" on p. S-12 of the September 1947 Survey for reference to available data for the series on average weekly hours in nonmanufacturing industries with the except
tion of year-round hotels which has not been included previously. Data are available beginning 1939 for average hours in year-round hotels, average weekly earnings in the aircraft engines
industry, and initial unemployment compensation claims, beginning September 1944 for veterans' unemployment allowances, and beginning 1927 for man-days idle as a percent of available
working time.
! Revised series. The indicated series on average weekly earnings and average hourly earnings (p. S-14) have been shown on a revised basis beginning in the March 1943 Survey; see note
in that issue for an explanation of the revison.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1&4T
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Average weekly earnings — Continued
All manufacturing— Continued
Nondurable good industries— Continued
44.84
44.34
43.59
43.85
46.93
47.31
46.05
Food and kindred products!
_ -dollars. _
46.40
46.20
47.71
48.27
48.79
45.45
44.63
46.01
47.55
44.60
46.32
45.80
45.17
45.26
Baking§
.
- -.
. _ _ do
* 44. 84
i 45. 50
i 45. 81
40.82
41.12
35.28
37. 93
36.55
41.50
36.82
Canning and preserving!
do
37.40
38.50
39.39
39.37
39.98
41.11
51.15
43.06
51.73
48.37
52.82
53. 37
57.20
49.87
50.22
Slaughtering and meat packing _ . - do. __
54.40
57. 15
35. 25
36.47
36.66
34.16
38.12
36.74
35.44
35.21
34.84
Tobacco manufactures!
do
34.46
36.30
37.74
44.57
45.61
46.08
47.05
44.26
46.87
47.42
47.92
' 48. 79
48.20
Paper and allied products!
do_ _ _
' 49. 93
51.06
49.05
47. 55
49.37
49. 92
47.56
50.18
52.07
' 52. 84
Paper and pulp
_
- __do
50.98
51.27
56.36
54.79
Printing, publishing, and allied industries!
54.28
55.11
53.96
57.03
56.74
dollars. .
53.01
58.19
' 59. 55 ' 59. 89
56.60
58.69
59. 53
60.04
58.09
60.28
61.11
62.95
65.29
62.08
64.25
63.00
67.10
Newspapers and periodicals*
do
67.16
66.67
50.83
51.50
52.60
51.50
54.98
54.19
' 56. 41
54.07
55.67
56.13
Printing book and job*
do _ _
56. 78
56. 56
45.41
47.14
44.91
45.50
45.88
47.39
48. 60
48.93
' 49. 80 ' 50. 59
48.17
Chemicals and allied products! ._ - do 50.96
52.87
51.81
52.61
52.96
54.15
55. 33
55.45
' 56. 35
54.77
55.10
Chemicals
do
56.80
57. 73
54.38
54.36
55. 25
54.55
54.50
55.24
56.53
57.92
55.39
57.41
Products of petroleum and coal!
do
59. 64
60.57
57.11
58. 35
57.32
59.15
60.01
57.10
57.80
57.74
57.75
60.24
Petroleum refining
_ _
do
64.12
62.17
51.74
52.93
54. 63
53. 69
54. 03
51.03
55.23
' 55. 30
54.06
52.97
Rubber products!
do _ 55. 77
55. 49
55.42
59.89
57.38
58.87
58.05
61.64
60.46
'61.12
59.78
59.90
Rubber tires and inner tubes
do _ _
62.06
'61.35
Average hourly earnings (U. S. Dept. of Labor):
1.139
1.130
1.112
1. 126
1.148
1.161
1.186
1.180
' 1. 207 ' 1. 226 ' 1.232
All manufacturing!
dollars1.170
' 1. 238
1.201
1.202
1.210
1.186
1.216
1.224
1.243
1.229
1.236
' 1. 278
Durable goods industries!
do
' 1. 304 ' 1. 306 ' 1. 314
1.241
1. 239
1.247
1.222
1.248
1.261
1.269
1.258
1.333
1.280
Iron and steel and their products!
do
' 1. 364
1.365
Blast furnaces, steel works, and rolling
m
1.303
1.305
1.325
1.310
1.314
1. 333
1.347
1.332
1.317
1.445
mills!
-dollars
1.472
1.471
1.191
1.186
1.169
1.185
1.195
1.264
1.199
1.203
1.212
1.210
Electrical machinery!
do
1.295
1.306
1.273
1.266
1.290
1.246
1.277
1.283
1.298
1.308
1.334
1.260
Machinery except electrical!
do _.
1.372
1.363
Machinery and machine-shop products!
1.245
1.249
1.228
1.264
1.275
1.279
dollars ._
1.238
1.257
1.307
1.267
1.349
' 1. 336
1.291
1.306
1.322
1.334
1.322
1.334
1.300
1. 326
1.325
1. 357
Machine tools
- _ do _
1. 381
1. 3h6
1.394
1.376
1.373
1.385
1.395
1.399
1.396
1.406
1.390
1.463
Automobiles!
do 1.485
1.495
Transportation equipment, except automo1.364
1.359
1.359
1.362
1.362
1.356
1.363
1.376
biles!
-dollars1.356
1.367
1.388
1.401
Aircraft and parts (excluding engines)
1.326
1.323
1.326
1.325
1.321
1. 338
1.326
dollars
1.323
1.332
'1.328
' 1. 341
1.371
1.373
1.354
1.363
1.344
1. 357
1.344
1. 383
1.357
1.357
1.353
Aircraft engines* §
do
1.428
1.435
1.441
1. 432
1.431
1.426
1.426
1.430
1.420
1.442
1.418
1.433
Shipbuilding and boatbuilding
do
1.425
1. 445
1.204
1.234
1.195
1.177
1.192
1.210
1.217
1. 222
1.226
1.260
Nonferrous metals and products!
do
1. 286
1.290
.931
.931
.990
.928
.935
.936
.962
.983
1.025
Lumber and timber basic products! do
' 1. 055
1.033
.913
.906
.901
.911
.915
.935
!954
.965
.972
1.006
Sawmills and logging camps
do _
1.042
1.019
Furniture and finished lumber products!
.999
1.032
dollars- _
.957
1.007
1.015
1.022
.977
.990
1.031
' 1.046
1.062
1. 059
1.014
1.024
1.034
1.063
.982
1.002
1.046
1.049
1.059
' 1.074
Furniture
do 1.086
1.080
1.149
1.114
1.144
1.063
1.096
1.119
1.125
1. 133
1.087
1.173
Stone clay and glass products!
do 1.191
1.200
1.065
1.094
1.122
1.056
1.119
1.036
1.050
1.077
1.107
' 1.139
Nondurable goods industries!
do
1.141
' 1. 152
' 1.158
Textile-mill products and other fiber manu.955
1.024
1.027
.924
.948
.959
1.025
.970
.997
.940
factures!
dollars_1.024
1.027
Cotton manufactures, except small wares!
.981
.892
.898
.900
.914
.979
dollars. .875
.888
.927
'.970
.970
.973
.931
.941
.944
1.016
1.012
.922
.975
.996
.906
1.019
Silk and rayon goods!
-do - 1.015
1.019
Woolen and worsted manufactures (except
1.159
1.039
1.024
1.034
1.037
1.038
1.045
1.156
1.155
1.158
dyeing and
finishing)!
dollars _
1.160
1.160
Apparel and other finished" textile products!
.999
1.049
.998
1.006
.997
1.045
.988
1.037
.986
1.010
dollars- .994
1.021
1.024
1.086
1.089
1. 105
1.095
1.097
1.106
1.094
1.009
1.027
1.104
Men's clothing!
do
1.100
1.211
1. 266
1.223
1.314
1.293
1.200
1.263
1.300
1.297
'1.168
1.182
Women's clothing§
do
1.252
1.029
1.004
1.018
1.021
1.028
.987
1.023
'1.035
.972
.982
1.054
Leather and leather products!
do
1.053
.995
.998
.978
.995
.989
.955
.960
.999
' 1. 000
.945
1.020
Boots and shoes
do
1. 016
1.097
1.035
1.046
1.058
1.084
1.088
1.088
1.110
1.015
1.013
1.119
Food and kindred products!
do
1. 127
1.056
1.065
1.045
.994
1.042
1.003
1.051
1.060
1.057
i 1.056
Baking§
do
i 1. 067
i 1. 074
.983
.950
.982
.975
.997
.995
1.018
1.034
. 976
.960
Canning and preserving!
do
1. 045
.999
1.119
1.193
1.204
1.214
1.144
1.147
1. 137
1.206
1.116
1.191
1.122
1 28?
Slaughtering and meat packing
do
r
.949
.939
.948
. 937
.924
.947
. 938
. 950
.905
.893
.885
. 953
Tobacco manufactures!
do
1.121
1. 064
1.071
1.098
1.109
' 1.133
1.050
1.088
1.037
1.020
' 1. 165
1. 190
Paper and allied products!
do
1.173
' 1.182
1.111
1.134
1.149
1.102
1.157
1.085
1.119
1.070
1.266
Paper and pulp
do
1.231
Printing, publishing, and allied industries!
1.374
1.415
1.462
1.443
' 1. 486 ' 1. 500
1.325
1.343
1.381
1.315
1.299
1.501
dollars. .
1.651
1.699
1. 607
1.511
1.569
1.575
1.626
1.528
1.718
1. 475
1.495
1.711
Newspapers and periodicals*
do
1.336
1.364
1.295
1.386
' 1.397
' 1. 408
1.238
1.259
1.232
1.297
1.417
1.220
Printing book and job*
do
1.165
'1.210
1. 133
1.143
1.177
1.102
1.112
1.192
1.102
1.110
1. 232
2.247
Chemicals and allied products!
do
1.351
1.359
1.375
1.342
1.278
1.327
1.390
1.281
1.288
1.404
1.260
1.316
Chemicals
do
1.351
1.382
1. 408
1.418
1.448
1.362
1.372
1. 464
1.368
1.347
1.347
1.495
Products of petroleum and coal!
do
1. 451
1.501
1.434
1.488
1.520
1.429
1. 447
1. 570
1.453
1.428
1.532
1.427
Petroleum refining
do
1.397
1.331
1.331
1.330
' 1.416
1.313
1. 322
1.295
1.323
1.330
' 1.419
1.446
Rubber products!
do
' 1. 622 '1.615
1.511
1.517
1.512
1.608
1.513
1.474
1.492
1.503
1.640
1.507
Rubber tires and inner tubes
do
Nonmanufacturing industries:*
1.634
1.656
1.598
1.594
1.569
1.610
1.526
1.549
1.661
» 1. 669
1.482
1.510
Building construction
do
Mining:
1.593
1.545
1.594
1.637
1.632
1.615
1. 564
1.593
1.582
1. 596
1.598
1.611
Anthracite
do
1.491
1.484
1.483
1.470
1.491
1.490
1.489
1.480
1.460
1.477
1. 732
1.466
Bituminous coal
do
1.241
1.278
1.238
1.237
1.232
1.229
1.221
1.219
1.212
1.210
' 1. 323
1.311
Metalliferous
do
1.082
1.062
1.069
1.080
1.052
1.058
1.042
1.047
1.045
1.117
1.016
1.110
Quarrying and nonmetallic
do
1.444
1.390
1.421
1.448
1.334
1.346
1.355
1.308
1.334
1.475
1. 481
Crude petroleum and natural gas§
do
1.307
Public utilities:
1.341
1.358
1.352
1.343
1.284
1.313
1.374
1.302
1.337
1.
3S8
1.260
1.291
Electric light and power
do
1.174
1.184
1.195
1.142
1.165
1.190
1.125
1.212
1.237
1.099
1.130
Street railways
and busses
do
1.110
1
1.164
1.252
1.242
1.164
1.
226
1.062
1.069
.914
1.236
1.067
1.063
Telegraph cf
do
.910
1.174
1.141
1.124
1.189
1.218
1.131
1.132
1.132
1.211
1.129
1.148
1.137
Telephone §
do
Services:
.892
.894
.898
.876
.888
.861
.854
.874
.832
.839
.854
.867
Dyeing and cleaning!
do
.769
.767
.748
.759
.756
.757
.739
.745
.729
.708
.693
.708
Power laundries §
do
.652
.642
.643
' .650
.654
.642
.651
.648
,642
.626
.614
.620
Year-round hotels
do
Trade:
1.002
.996
'.985
.974
.957
.960
.919
.953
.917
.907
.893
.908
Retail
do
1.262
1.257
1.230
1.229
1.241
1.202
1.231
1.172
1.185
1.197
1.179
1.148
Wholesale _
_
do
' Revised, v Preliminary.
* Not strictly comparable with data prior to May 1947; comparable April 1947 figures—weekly earnings, $43.62; hourly earnings, $1.039.
§See note in September 1947 Survey regarding a change in 1945, also in 1942 for the women's clothing industry, which affected comparability of the data,
cf See note in August 1947 Survey for explanation of increase in February 1947.
*New series. See note marked "*" on p. S-14 of the September 1947 Survey for reference to available data for the indicated series with the exception of hourly earnings for year-round
hotels which has not been included previously; data beginning 1939 for this item are available on request.
!Revised series. See note marked "!" on p. S-13.
SURVEY OF CURRENT BUSINESS
October 1947
S-15
1946
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
August
September
1947
October
November
December
January
February
March
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAG E S —Continued
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
_dol. perhr..
Skilled labor
.
do
Farm wages without board (quarterly)
dol. per month
Railway wages (average, class I)
dol. per hr
Road-building wages, common labor:
United States average
_...._do
' 1. 070
' 1.83
' 1. 071
1.85
1.130
1.155
.86
.84
1.073
1.85
1.078
1.86
104. 00
1.132
.87
1.085
1.87
1. 109
1.89
1.123
1.92
1.123
1.92
1.138
1.94
1.146
1.94
1.189
2.01
1.217
2.07
1.146
1.150
106 00
1.146
1.173
1.146
107 00
1.136
1.136
1.140
114. 00
1.133
.86
.83
.81
.84
.88
.89
P
.84
.86
1.221
2.08
.92
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. _
97
99
107
110
114
116
118
121
122
122
122
123
v 125
87
68
10
89
69
10
96
74
11
99
76
11
102
77
12
103
78
13
104
79
14
107
81
14
108
81
14
108
81
14
109
82
13
110
82
13
"112
1,706
1,033
910
123
159
514
84, 897
35, 632
49, 265
1,731
1,028
907
121
180
523
83, 957
34, 779
49, 178
1,745
1,018
900
118
205
522
75, 048
28, 331
46, 717
»84
»13
FINANCE
BANKING
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:!
Total
mil of dol
Farm mortage loans, total ___
_ do.. _
Federal land banks
do
Land Bank Commissioner
_
do
Loans to cooperatives, total
do
Short-term credit, total
do
Bank debits, total (141 centers)!
_ _ do. _
New York City
do _
Outside New York City
do
Federal Reserve banks, condition, end of month:
Assets, total
. mil. of dol__
Reserve bank credit outstanding, total ..do. ..
Bills discounted
do
United States securities .
._. d o _ _ _
Gold certificate reserves
do _
Liabilities, total
do
Deposits, total.. .__ _ ___ _
do.
Member-bank reserve balances
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation
do
Reserve ratio. - . _ _ _ _
_
percent..
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:!
Deposits:
Demand, adjusted
mil. of dol_.
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol__
States and political subdivisions
. do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations
mil. of dol._
States and political subdivisions
do __
Interbank
do
Investments, total- . .
__
... d o .
U. S. Government obligations, direct and
guaranteed, total
mil. of dol__
Bills
__
do
Certificates
do Bonds (incl. guaranteed obligations) ..-do
Notes
do
Other securities
do
Loans, total
do
Commercial, industrial, and agricultural -do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of doL.
Real estate loans.
do
Loans to banks ..
do
Other loans
do
Money and interest rates:^
Bank rates to customers:
New York City
percent..
7 other northern and eastern cities
do
11 southern and western cities... __
do
Discount rate (N. Y. F. R. Bank)
do
Federal land bank loanscP
do
Federal intermediate credit bank loans
do
Open market rates, New York City:
Acceptances, prime, bankers', 90 days
per cent .Commercial paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.) .
do
Call loans, renewal (N. Y. S. E.)... . _ do . .
1,751
1,151
989
162
130
470
73. 900
30, 216
43, 684
1,741
1, 136
979
157
151
454
74, 552
31,397
43, 155
1,717
1,117
966
151
180
421
81, 583
33, 913
47, 671
1,690
1,099
954
145
189
401
77, 193
31, 088
46, 105
1,661
1,085
944
140
188
389
93, 547
41, 252
52, 295
1,662
1, 068
932
135
195
399
•• 83, 445
34, 305
r
49, 140
1.670
1,060
928
133
194
416
r 72, 944
29, 745
' 43, 199
1,654
1,048
919
129
182
444
' 83, 502
33, 547
' 49, 955
45, 045
24, 748
331
23, 946
18, 098
45, 045
18,294
16, 245
1, 085
24, 412
42.4
44, 813
24, 594
213
24, 049
18, 095
44, 813
18, 060
15, 910
725
24, 448
42.6
44, 889
24, 109
253
23, 518
18, 229
44, 889
17, 579
15, 931
567
24, 583
43.2
45, 647
24, 791
316
23, 944
1«,310
< *>, 647
is, 083
16, 513
1, 063
24, 799
42.7
45, 006
24, 093
163
23, 350
18, 381
45, 006
17, 353
16,139
562
24, 945
43.5
45, 957
24, 754
308
23, 941
18, 627
45, 957
18, 928
16, 063
663
24, 387
43.0
46, 547
24, 846
356
24,117
19, 113
46, 547
19, 489
15. 895
847
24, 320
43.6
44, 931
23, 431
538
22, 593
19, 222
44, 931
18, 249
15, 264
344
24, 162
45.3
44, 236
22, 205
125
21,857
19, 537
44, 236
17, 470
15, 826
654
24, 022
47.1
44, 882
22, 738
179
22, 088
19, 689
44, 882
18, 009
16, 238
991
24, 120
46.7
44, 425
22, 170
70
21, 872
20, 039
44. 425
17, 748
16, 112
738
24, 154
47.8
44, 626
21, 875
137
21, 549
20, 296
44, 626
17, 869
16, 007
••399
24, 090
48.4
45, 615
22, 759
185
22, 192
20, 534
45, 615
18, 695
16, 601
P920
24, 345
47.7
45, 625
45, 621
46, 187
46, 751
46, 582
46, 552
45, 124
44, 482
46, 150
46, 314
46, 602
47, 145
46, 954
45, 301
2,773
6,993
13, 725
45, 584
2, 872
5, 003
13, 806
46, 186
2,757
4, 956
13, 871
46, 978
2,796
3,762
13, 902
47, 252
2,907
1,917
14. 063
46, 106
2, 948
1,819
14, 096
45, 199
2,937
2,135
14, 226
44, 210
3,075
1,817
14, 303
45, 798
3, 350
1,476
14, 349
45, 8C7
3, 268
1, 1 19
14,411
46, 443
3,191
596
14, 460
46, 816
3,109
648
14, 470
46, 884
3,124
940
14, 473
13, 424
222
11, 079
50, 868
13, 504
226
11, 146
48, 449
13, 573
222
11,094
48, 336
13, 585
240
10. 970
46, 996
13,719
259
11, 269
45, 037
13, 775
237
10, 705
44, 601
13, 887
254
10, 546
43, 550
13, 936
285
10, 636
42, 959
13, 955
312
10, 351
43, 574
14, 005
324
10, 126
43, 224
14, 055
328
10, 5S1
43, 094
14, 061
329
10,320
42, 971
14, 104
334
10, 833
42, 586
46, 884
824
10, 208
30, 436
5 416
3 984
17, 507
9,444
1,503
44, 281
746
7,792
30, 566
5,177
4, 168
18,001
10, 180
1,367
44, 375
741
7, 994
30, 636
5, 004
3.961
18, 704
10, 825
1,299
43, 069
795
6,742
30, 574
4, 958
3,927
19, 246
11,234
1,442
41, 053
962
6,299
30, 374
3,418
3, 984
19,417
11,346
1, 471
40, 642
438
6, 345
30, 398
3, 461
3, 9f 9
19, 566
11, 599
1, 235
39, 619
424
5, 382
30, 354
3,459
3, 931
19, 759
11,820
1,191
38, 850
692
5. 036
30, 307
2,815
4,109
20, 020
12, 271
874
39, 465
753
5,402
30, 472
2, 838
4, 109
19, 864
12, 043
833
39, 220
827
5,135
30, 556
2, 702
4,004
20,015
11, 792
1,169
38, 990
989
4, 648
30, 701
2, 652
4,104
20, 277
11,809
1,206
38, 739
638
4, 535
30, 935
2,631
4,232
20, 508
11,967
1, 095
38, 354
582
4,137
31,015
2,619
4,233
21,212
12,518
1,166
1,867
2, HO
188
2,365
1,616
2,241
134
2,463
1,506
2, 324
199
2,551
1,389
2,400
152
2,629
1, 256
2,490
2,782
1, 139
2, 563
215
2, 815
1,112
2, 631
170
2,835
1, 063
2,739
179
2,894
1,051
2,831
184
2,922
1, 009
2,897
191
2,957
986
2, 981
158
3,077
1, 023
3, 079
235
3, 109
975
3,171
215
3,167
1.00
4.00
1.50
1.83
2.43
2.75
1.00
4.00
1.50
1.00
4.00
1.50
1 85
2.43
2.76
1.00
4.00
1.50
1.00
4.00
1.50
1 82
2.37
2.80
1.00
4. CO
1.63
1.00
4.00
1.63
1.83
2.44
2 95
1.00
4.00
1.63
1.00
4.00
1.63
1.00
4.00
1.63
.81
1.00
1.50
1.38
.88
1.00
1. 50
1.38
1.00
4.00
1.50
1.00
4.00
1.50
r
r
1,671
1,040
913
126
158
473
78, 295
31, 391
46, 904
1.00
4.00
1.63
1,683
1,034
910
124
152
497
' 78, 359
30, 895
•• 47, 464
r
.71
.81
.81
.81
.81
.81
.81
.81
.81
.81
.81
.81
.81
.88
.94
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.38
1.38
1.38
1.38
1.38
1 .38
1.38
1.38
1.38
1.38
1.38
r
Revised. * Preliminary. \ For bond yields see p. S-19.
1 Rate as of October 1, 1947: Construction—Common labor, $1.221; skilled labor, $2.10.
JThe total and total short-term credit have been revised to include emergency crop and drought relief loans which are now supervised by the Farmers Home Administration
of the detail for short-term credit and loans^to cooperatives has been discontinued in the Survey; see September 1947 Survey for loans included in these totals.
cf Rates on all loans; see note on item in April 1946 Survey.
fPevised series. Bank debits were revised in the September 1943 Survey to include additional banks; see p. S-15 of that issue for revised figures for May-December 1942
weekly reporting banks have been shown on a revised basis beginning in the August 1947 Survey; see note in that issue.
and publication
The series for
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics tlirougli
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October
1947
1946
September
August
October
November
December
January
February
March
April
May
July
June
August
FINANCE— Continued
BANKING —Continued
Money and interest rates— Continued.
Open market rates, New York City— Continued.
Average yield on U. S. Govt. securities:
3-month bills
percent-3-5 year taxable issues!
do
Savings deposits, balance to credit of depositors:
New York State savings banks. _
mil. of dol__
U. S. Postal Savings
do _ _ _
.375
1.19
.375
1.27
.375
1.29
.376
1.28
.375
1.30
.376
1.26
.376
1.26
8,875
3,188
8,919
3,207
8,958
3,235
9,013
3,260
9,170
3,284
9,232
3,331
9,278
3,355
8,374
3,165
1,124
394
8,643
3,288
1,177
425
9,021
3,458
1, 261
466
9,540
3,646
1,358
505
10, 157
3, 976
1,558
544
9,982
4, 048
1,566
581
221
308
22
64
115
2,041
790
158
100
84
527
235
311
23
65
118
2,111
824
164
103
86
536
257
322
25
66
125
2,197
865
171
108
90
547
284
337
26
72
134
2,288
907
176
112
94
565
337
366
28
123
160
2,418
956
185
117
98
608
280
102
2,418
1,938
853
295
103
2,495
2,000
860
312
104
2,621
2,081
861
328
106
2,859
2,164
871
164
30
20
18
108
156
31
20
18
96
176
34
21
19
105
2,932
122
524
1,509
641
2,717
2,434
40
1,513
302
679
183
2,755
648
516
1,100
587
4,481
4,478
42
3,550
85
656
147
267, 546
266, 359
242, 916
23, 443
1,187
265, 369
264, 217
240, 364
23, 854
1,151
.376
1.24
.376
1.27
.376
1.29
.703
1.33
.748
1.31
9,340
3,379
9,377
3,382
9, 427
3,387
9,535
3, 393
9,556
P 3, 405
"plods'
9,939
4, 156
1,608
631
10, 255
4,329
1,695
691
10, 465
4,537
1,813
753
10, 723
4,733
1,922
810
' 10, 992
'4,918
' 2, 035
••880
Ml, 061
' 5, 047
' 2, 091
'922
p 11, 216
» 5, 195
p 2, 166
P965
337
352
27
114
155
2,482
1,991
186
122
102
611
338
349
27
107
154
2,548
1,030
190
125
105
611
358
354
29
105
158
2,634
1,079
197
128
108
617
386
366
32
109
167
2,724
1,123
204
133
113
627
409
382
32
114
175
2,811
1,167
213
138
116
633
423
395
36
r
119
182
2, 883
1,196
224
143
119
638
'429
398
'38
'120
184
' 2, 956
' 1, 221
233
148
121
649
P440
r408
Ml
*>123
P189
P3,029
p 1, 251
P240
*>152
P125
P652
344
110
3,054
2,253
874
360
110
2,764
2,295
875
377
110
2,602
2,303
878
394
111
2,768
2,279
879
412
112
2,782
2,256
890
431
113
2,835
2,255
900
"450
113
2,887
' 2, 271
'916
'470
114
' 2, 786
' 2, 301
r927
P495
»114
p 2, 761
P 2, 327
P933
172
33
22
20
122
191
39
26
25
166
187
33
22
20
98
180
33
21
20
90
214
38
24
23
121
213
39
24
24
116
212
42
24
24
115
211
43
26
24
117
217
44
'29
'23
123
P210
P42
P25
P22
»113
2,965
160
521
1,481
861
2,617
2,544
45
1, 404
74
752
341
2,529
105
515
1,436
501
2,639
2,364
45
1,444
290
669
192
3,662
952
580
1,580
506
4, 113
4,107
43
2,886
86
722
377
3,113
343
576
1,412
674
3, 860
3,820
47
2,664
58
693
398
3,914
124
561
1,457
1,804
4,643
4,378
36
3,222
387
666
333
3,598
626
566
1,428
872
5,724
5,701
39
4,650
114
682
239
4,000
141
595
1,728
1,427
2,624
2,556
41
1,597
75
638
274
3,851
92
1,012
1,327
2,035
3,204
2,865
37
1,619
364
595
589
5,540
1,396
601
1, 493
1,080
5,480
5,473
35
3,270
121
602
1,452
3,669
245
564
'979
' 1, 881
2,469
2,397
37
1,382
80
663
306
3,060
103
511
908
1,538
2,865
2,536
31
1,668
352
643
171
263, 532
262, 415
238, 400
24, 015
1,116
262, 277
260, 925
236, 671
24, 254
1,351
259, 148
257, 649
233, 064
24, 585
1,500
259, 776
258, 378
233, 601
24, 777
1 ,399
261, 418
258, 113
233, 176
24, 938
3,305
259, 124
255, 800
230, 618
25, 183
3,324
257, 701
254, 427
229, 147
25, 280
3,274
258, 343
254, 975
228, 789
26, 186
3,368
258, 286
255, 113
227, 747
27, 366
3,173
259, 448
256, 321
227, 805
28, 516
3,327
260,097
257, 110
227, 890
29, 220
2,987
. 376
1.24
r
CONSUMER SHORT-TERM CREDIT*
Total consumer short-term debt, end of month
mil. of doL _
Instalment debt, total
do
Sale debt, total*
do
Automobile dealers* _
_ do _
Department stores and mail-order houses*
do
Furniture stores*
__do
Household appliance stores*
do
Jewelry stores*
_ do
All other*
do
Cash loan debt, total*
,
do _
Commercial banks*
__
do
Credit unions
do
Industrial banks*
__
_ do _
Industrial loan companies* _.
do
Small loan companies
do
Insured repair and modernization loans*
mil. of dol.__
Miscellaneous lenders*
do _
Charge account sale debt*
do
Single payment loans*
do
Service credit*
_ do _ _
Consumer installment loans made by principal
lending institutions:
Commercial banks*
mil. of dol
Credit unions
do
Industrial banks*
. . do __
Industrial loan companies*
do
Small loan companies
do
r
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:!
Expenditures, total
mil of dol
Interest on public debt
do
• Veterans' Administration
do
National defense and related activities-__do
All other expenditures
do
Receipts, total
do
Receipts, net
do
Customs _
__ _ _ do
Income taxes
do
Social security taxes
_ _ _ _ _
_
do
Miscellaneous internal revenue
do_ _
All other receipts
_
do
Debt, gross, end of month:
Public debt, total _
_ _ do
Interest-bearing, total
do
Public issues
__ _ _
do
Special issues to trust accounts, etc
do
Noninterest bearing
do
Obligations guaranteed by U. S. Government!
mil. of dol.__
U. S. Savings bonds:*
Amount outstanding
do
Sales, series E, F, and G._
_ do
Redemptions
do
Government corporations and credit agencies :f
Assets, except interagency, total
mil. of dol__
T
'd
Vnltiirp
T
'd h 1
~V
T a'd ra'lroads
~
T
i o a ' a1 01th e i'ndn^fr^"^
a i
1 O ctlU UclIlKb
^_
~
A l l fh
P m
d°f ' ~<? i<?nrmlip<?
TT
^ oaiue.-,
L i i_ t. , nnd materials
"-
T ' 1 Tt*
_
_
UO
d
- do
_--
f '~T rnp^"npv "Ynt T~
"do
_do
do
e
id/uinLiL. _ _ _ - -- --
U. S. Government interests
378
362
331
262
181
175
171
171
83
74
73
49, 638
519
489
49, 723
453
418
49, 864
576
504
50, 407
952
483
50, 772
712
398
50, 995
617
449
51, 163
572
455
51, 282
488
421
51, 407
482
433
51, 589
559
457
51,699
460
404
__ _
"
dou ~ ~
Bonds, notes, and debentures:
Guaranteed by the United States
Other
y
391
49, 560
494
482
"~ do
d
do
d
___________
Oth ' btcuimeb't'
v^iiiez
—_
370
49, 493
590
478
- -- do
_
29, 569
5 949
2,860
729
171
182
20
237
1,632
617
1,429
1,836
390
16, 973
2,992
5,004
30 409
6,649
2 884
685
171
192
19
295
2 284
598
1 265
1,873
547
16, 924
3,152
5,101
32, 338
7,294
3,056
663
167
204
17
238
2,855
590
1,003
1,985
3,426
15, 486
3,143
4,560
377
1 250
3 377
496
24, 069
261
1,252
3,588
498
24, 810
169
1,250
3,142
509
27, 268
i This series has been substituted beginning December 1945 for the series formerly designated "taxable treasury notes"; see note on item in September 1947 Survey for earlier data.
*New series See note marked "*" on p. S-16 of the September 1947 Survey with regard to revisions in data for certain consumer credit series as published prior to the July 1947 issue and
note in the April 1946 Survey indicating earlier revisions; all revisions will be published later. See note in the February 1947 Survey for information on the series for U. S. Savings Bond
and reference to the earliest data published.
,
t Revised series Total Federal expenditures has been revised to include net expenditures (excluding debt retirement) of wholly-owned Government corporations, heretofore shown
separately, and several changes have been made in the detail. Data for "national defense and related activities" (formerly designated "war and defense activities" exclude beginning July
1947 certain miscellaneous items included in earlier data (see note 5 on p. S-17of September 1947 Survey). Data for Veterans'Administration include veterans' pensions and benefits and transfers to trust accounts. Data for social security taxes have been revised to exclude railroad unemployment insurance contributions which are not classified as internal revenue. See notes in
May 1946, October 1946 and February 1947 issues of the Survey for explanation of changes in data for assets and liabilities of Government corporations and credit agencies and note in November 1946 issue for explanation of revised classifications for the Reconstruction Finance Corporation. Data for obligations guaranteed by U. S. have been revised to include matured obligations
outstanding.
SURVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-17
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)— Continued
Reconstruction Finance Corporation, loans outstanding end of month, totalf
mil. of dol
Banks and trust cos., incl. receivers
do
Other financial institutions
do
Railroads, including receivers
__ -do _
Loans to business enterprises, except to aid in
national defense
mil of dol
National defense
do
Other loans and authorizations
do
1,433
208
51
147
1,327
206
50
147
1,273
203
49
147
1,279
203
49
147
1,287
201
50
147
1, 270
188
54
146
1, 268
186
60
146
1,298
182
68
144
1,290
179
80
144
1,250
177
97
144
1,271
159
40
144
158
459
410
160
358
406
158
318
397
165
320
396
168
327
395
172
318
391
174
312
390
178
310
415
183
292
412
186
232
413
203
283
441
37,911
5,255
592
4, 663
597
1, 475
29, 335
19, 701
18, 382
4,400
2,531
2,703
566
683
343, 080
37, 944
25, 233
63, 834
216, 069
38, 079
5,289
592
4,697
594
1,475
29, 504
19, 754
18, 425
4,454
2,522
2,774
540
677
352, 230
38, 807
23, 085
71, 062
219, 276
38, 281
5,317
593
4,724
591
1,474
29, 642
19, 673
18, 343
4,493
2,527
2,949
550
707
350, 547
50, 716
25, 306
64,910
209, 615
38, 459
5, 365
592
4,773
590
1,472
29, 678
19, 558
18, 231
4, 502
2,517
3,101
581
773
348, 274
39, 224
22, 572
61,902
224, 576
38,813
5,437
593
4,844
584
1,471
30, 043
19, 574
18, 225
4,531
2,490
3,448
473
805
491,797
94, 380
32, 320
92, 701
272, 396
39, 032
5,480
592
4, 888
601
1,470
30, 177
19, 542
18, 192
4,551
2,498
3 586
532
772
414, 523
73, 068
37, 833
69, 466
234, 156
39, 206
5,542
595
4,947
601
1, 469
30, 329
19, 571
18, 198
4,567
2,497
3,694
470
795
383, 857
47, 977
25, 975
68, 491
241, 414
39, 450
5,601
593
5,008
597
1,471
30, 102
19, 274
17, 880
4,568
2,496
3,764
878
801
411,308
49, 826
24, 554
74, 642
262, 286
39, 606
5,661
605
5, 056
605
1,473
30, 431
19, 296
17, 904
4,691
2, 489
3,955
649
787
351,978
41, 184
30, 216
63, 629
216, 949
39, 776
5,750
615
5,135
614
1,477
30, 579
19, 274
17, 888
4,751
2,491
4,063
568
788
381,212
39, 255
27, 162
65, 497
249, 298
40, 057
5,837
624
5,213
622
1,481
30, 740
19, 093
17, 704
4,965
2,522
4,160
588
789
400, 697
46, 305
24, 301
74,416
255, 675
40, 287
5, 953
632
5, 321
631
1, 485
30, 936
18, 986
17, 603
5, 111
2,512
4, 327
525
757
385, 075
63, 021
32, 100
65, 185
224, 769
40, 446
6,041
639
5,402
639
1,490
30, 940
18,864
17,478
5,169
2,500
4,407
546
790
354, 410
41.310
27, 147
62 122
223, 831
1,797
201
324
1,273
83
302
282
126
142
53
108
43
133
1,711
239
346
1,126
73
259
250
113
129
48
95
38
121
1,797
199
347
1,251
88
311
273
118
141
50
96
42
132
1,648
162
343
1,143
76
284
253
109
126
44
89
38
124
1, 963
476
290
1,197
77
274
263
121
133
46
96
44
142
1,742
184
329
1,229
94
326
278
117
121
42
88
36
126
1,718
182
350
1,187
88
301
264
114
126
44
88
38
125
1,846
181
382
1, 283
88
314
280
124
137
50
103
42
146
1,796
167
360
1,269
90
313
275
125
139
48
100
42
138
1,829
227
373
1,230
84
302
267
120
132
48
97
42
139
1,830
291
350
1,189
79
285
259
119
132
47
96
40
132
1, 857
328
318
1,211
78
294
267
120
132
46
102
40
132
1,616
186
326
1, 104
73
257
241
110
122
45
93
38
125
216, 264
101, 276
28, 974
8,120
16, 950
35, 604
25, 340
210, 898
93, 979
28, 773
7,334
16, 964
38, 415
25, 433
235, 775
111,755
35, 899
7,996
17, 721
36, 232
26, 172
213, 743
99, 258
31,022
6,999
16, 466
35, 226
24, 772
258, 173
108, 249
32, 312
7,888
15, 550
63, 581
30, 593
266, 447
116, 105
39, 995
8,747
22, 581
50, 818
28, 201
238, 744
107, 841
36, 123
7,393
17,911
41,377
28, 099
266, 482
120, 772
38, 298
7,907
17,213
51, 324
30, 968
250, 576
112, 363
38, 468
7,583
18, 482
41,898
31, 782
245, 999
111,679
34, 595
7,693
18, 315
41, 269
32, 448
251, 165
108, 444
34, 270
7,753
18, 868
49, 237
32, 593
247, 203
115,958
30, 997
8, 509
19, 098
40,119
32, 522
218 389
101,415
28, 367
6, 358
17, 574
35, 218
29, 457
.2977
.0228
.0537
.9678
.5701
.0084
.3018
.2060
.3779
.2782
4. 0336
.2977
.0228
.0541
.9625
.5701
.0084
.3017
.2058
.3779
.2782
4 0332
.2977
.0228
.0541
.9595
.5701
.0084
.3016
.2057
.3779
.2782
4. 0320
.2977
.0228
.0541
.9544
.5714
.0084
.3015
.2058
.3779
.2782
4. 0294
. 2977
. 0228
. 0544
. 9508
. 5714
. 0084
. 3016
. 2058
. 3779
2782
4 0293
.2977
.0228
.0544
.9422
.5698
.0084
.3015
.2057
.3779
.2782
4. 0273
.2977
.0228
.0544
.9190
.5698
.0084
.3016
.2058
.3776
.2782
4. 0274
.2977
.0228
.0544
.9195
.5698
.0084
.3016
.2058
.3776
.2782
4. 0274
.2977
.0228
.0544
.9159
.5698
.0084
.3016
.2058
.3775
.2783
4. 0272
20, 280
60, 123
10, 816
26, 027
60, 795
38, 949
8,092
8,310
20, 305
12, 306
31, 846
24, 217
57, 221
37, 802
8,047
6,798
20, 402
115, 690
806
24, 989
59, 464
39, 286
8,429
5,930
20, 470
127, 485
733
78, 636
55, 424
37, 170
8,092
4,900
20, 529
82, 830
115,915
54, 722
56, 977
37, 589
7,961
6,255
20, 774
20, 463
20, 933
20, 748
20, 330
203, 540
271, 990
196, 080 -684, 474
13, 057
49 215
17, 691
17, 458
102 593
3,028
132,
762
171,
325
61,
508
85,
774
69,
577
r
58, 127 T 41, 044
' 51, 824 «• 55,412
59, 738
22,217
32,
094
38,
736
35,
251
37,
330
.
r
' 8, 921
9,412
8, 195
' 7, 806 r 9, 235
5 483
6,246
7 612
5,500
7 220
21, 266
118, 958
2,685
202, 917
6,117
7,319
273
8,283
.901
1,147
5,557
.901
166
4,385
.901
858
11, 595
.901
6,579
7,861
.867
2,945
13, 295
.765
12, 700
4,589
.723
3,523
5,332
.773
1,865
7,220
.757
1,387
4,488
.725
1,685
4,408
.668
1,636
3,410
.636
1, 186
2.583
953
2.993
929
2. 940
842
2.561
1,013
2. 928
767
2.464
893
3.713
1,044
3.250
854
2.730
930
3.896
1,085
2.746
1.924
LIFE INSURANCE
Life Insurance Association of America:
Assets, admitted, 36 companies, totalt_mil. of dol__
Mortgage loans, total
_ _ _ do
Farm
_.
__ __ _ do
Other
do
Real-estate holdings . _ ___
_ ...do __
Policy loans and premium notes
do
Bonds and stocks held (book value) , total .do
Govt. (domestic and foreign), total-- .do
U. S. Governmentdo_
Public utility
do
Railroad
_
_ ___ _ _ _ d o _.
Other
do
Cash
do
Other admitted assets
.do
Premium collections totalj
thous. of dol
Annuities
_
_
_ _ _ _ _ _do
Group
do
Industrial
do
Ordinary
__
_.
__ . do
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance) :f
Value, tot?l
mil. of dol
Group
do
Industrial.___
do _
Ordinary, total
do
New England.. _ _
do
Middle Atlantic .
do __.
East North Central
_
do
West North Central
do _.
South Atlantic
do
East South Central
do
West South Central
do ._
Mountain
do
Pacific
_ ._
do
Institute of Life Insurance:*
Payments to policyholders and beneficiaries,
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
MONETARY STATISTICS
Foreign exchange rates:
Argentina
Belgium
_
Brazil, free§.
Canada, free rates§
Colombia
France
India
_ _
Mexico _
Netherlands
dol. per paper peso__
dol. per franc
dol. per cruzeiro
dol. per Canadian dol
_ _ _ _ _ _ dol. per peso
dol per franc
dol. per rupee
. . . dol. per peso
dol. per guilder
Sweden
dol. per krona
United Kingdom, free rate
dol. per £
Gold and. silver:
Gold:
Monetary stock, U. S
mil. of doL.
Net release from earmark*
thous. of dol..
Gold exports!
do
Gold imports!
.
__
_ _
do
Production, reported monthly, total® do
Africa _ _
_ __
do
Canada®
do
United States®
do
Silver:
Exports!
_.
_
thous. of dol
Imports! _ ._ ._ do ..
Price at New York
dol. per fine oz_.
Production:
Canada
thous. of fine oz
United States
do
r
.2977
.2280
.0541
.9518
.5706
.0084
. 3015
.2058
.3779
.2782
4. 0309
.2977
.0228
.0544
.9569
.5704
.0084
. 3015
.2057
. 3779
.2782
4. 0274
.2977
.0228
.0544
. 9165
. 5698
.0084
.3016
.2058
. 3776
.2783
4. 0271
21, 537
26, 745
3,639
222, 839
.2977
.0228
.0544
.9036
. 5698
. 0084
.3017
.2058
.3775
2783
4 0273
21,766
42, 317
5, 118
116, 776
630
4,659
.657
Revised.
JSee note on item in September 1947 Survey for coverage of data and information on a substitution for one company in the assets series in 1944.
§See note in September 1947 Survey regarding official rate.
•Or increase in earmarked gold (—).
®See notes in the April 1946 and August 1946 issues regarding revisions in the data for 1941-44 and January-May 1945.
^Publication of data was suspended during the war period; data for November 1941-February 1945 will be published later.
fRevised series. All series for insurance written are estimated industry totals and for group and industrial insurance are not comparable with data published prior to the March 1946 Survey
see note in that issue); data for 1940-44 for these series will be shown later; data for ordinary insurance continue the data from the Life Insurance Sales Research Bureau published in the 1942.
Supplement and subsequent monthly issues. See note in November 1943 Survey for explanation of revision in classifications for the Reconstruction Finance Corporation.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
FINANCE—Continued
MONETARY STATISTICS— Continued
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, inch postal savings* - do
Turnover of demand deposits, except interbank and
U. S. Government, annual rate:*
New York City
___ratio of debits to deposits
Other leading cities
do
28, 448
28, 507
28, 600
28, 861
28, 952
28, 262
28, 304
28, 230
28, 114
28, 261
28, 297
28 149
170, 600
170, 200
170, 000
169, 500
167, 107
p 165, 900
p 165, 400
p 165, 100
p 165, 200
p 164, 900
p 165, 100
p 166 900
v
144, 000
80, 600
143, 700
81, 400
143, 500
82, 400
142, 800
83, 000
140, 377
83, 314
p 139, 800
v 82, 500
p 139, 200
p 80, 600
p 139, 100
p 80, 400
p 139,200 p 138, 900 p 139 100
p 81, 300
p 81, 500
p 82, 500
P 140 900
p 83, 200
p 140 700
P 83, 400
52, 700
53,000
53, 200
53, 400
53, 960
v 54, 200
p 54, 700
p 54, 900
p 55, 100
p 55, 300
p 55, 600
p 55, 600
T> 55, 800
21.6
15 6
23.7
16.7
21.9
16.3
23.8
17.8
28.7
19.2
23.8
17.4
24.0
18.1
24.9
18 6
21.5
17 0
22.7
17.3
25.6
17 9
22 9
17 2
20 6
16 6
v 28 481
166 800
PROFITS AND DIVIDENDS (QUARTERLY)
Industrial corporations (Federal Reserve):
Net profits, total (629 cosOcf
mil. of dol
Iron and steel (47 cos.) _
___
do
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
Railways and Telephone cos. (see pp. S-22 and
S-23).
SECURITIES ISSUED
698
96
32
42
138
41
41
93
77
67
77
93
853
97
61
102
i 44
50
57
124
85
77
91
66
873
126
69
99
i 47
47
50
98
90
89
96
63
888
99
82
110
i 57
46
57
69
111
87
91
79
310
415
425
438
20
149
142
21
209
156
20
177
191
22
194
166
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
562
623
855
442
1,012
761
438
884
571
1,033
capital and refunding) |___ . mil. of dol.
700
2 1 044
533
363
242
488
635
788
259
659
783
744
420
349
New capital total J
do
2 870
342
363
614
242
788
487
249
659
773
744
419
329
Domestic totalj
_ _ _ _ _ _
do
619
317
267
669
252
354
170
118
310
211
590
376
Corporate J
do
517
483
123
g
47
21
0
0
0
34
0
15
0
15
Federal agencies
do
12
49
64
119
215
293
71
69
96
103
397
212
Municipal, State, etc
_ _ _ _ _ do
124
185
1
1
1
0
0
0
0
21
0
10
20
10
Foreign
do
25
199
223
135
151
179
200
102
220
352
101
Refunding, totall
_ _
do
290
175
191
199
135
200
102
191
126
190
56
352
96
252
Domestic, totalj
do
191
170
65
145
93
105
103
86
140
31
73
317
Corporate];
do
211
118
147
133
38
34
22
24
33
13
50
33
20
38
Federal agencies
do
40
40
2
1
1
11
1
1
3
2
3
2
17
50
Municipal State, etc
do
11
1
5
0
34
25
0
29
5
0
123
0
o
38
Foreign
do
Securities and Exchange Commission:!
1,276
1,088
1,957
1,717
1,406
1,686
1,225
2,041
1,360
1, 320
Estimated gross proceeds, total
_ _ _ _ do
1,611
1 777
By types of security:
1,208
1, 645
1,016
1,799
1,289
1,618
1,178
1,148
1,088
Bonds notes, and debentures, total _ do
1, 454
1,900
1 5S9
195
315
249
345
660
149
282
309
457
292
596
Corporate
do
412
24
55
34
125
138
15
49
39
112
75
Preferred stock
_
do
112
110
43
47
17
57
28
148
20
26
Common ^tock
do
67
82
30
79
By types of issuers:
383
818
322
450
267
629
265
449
497
446
r 738
Corporate total
do
601
214
134
94
232
233
399
334
170
540
•• 122
145
246
Industrial
do
113
126
45
336
94
229
41
63
487
68
542
Public utility _
___ _do_311
9
8
40
33
20
19
47
12
37
3
17
29
Rail
do
8
1
11
54
3
9
52
66
4
8
10
Other (real estate and financial) do
22
14
893
821
691
1,139
1,141
863
1,396
1,236
779
1,162
1, 304
2 1 177
Non-corporate total®
do
703
742
891
778
619
936
1, 170
921
653
746
1,051
U . S . Government
. _ . _ _ _ _ do __
7%
140
0
0
0
0
0
o
0
0
0
0
0
Federal agency not guaranteed _
do
344
65
50
77
71
170
226
97
106
214
State and municipal
___ _ -_-do
400
136
0
33
0
0
122
0
o
Foreign
do
20
0
20
15
37
New corporate security issues:
261
377
518
617
807
316
442
260
441
437
727
Estimated net proceeds total
do
588
Proposed uses of proceeds:
202
344
138
511
623
183
285
254
180
New money, total
do
••205
498
435
160
105
126
101
329
557
138
153
109
101
426
Plant and equipment
do
370
43
219
37
183
66
45
132
153
71
101
72
Working capital
_
do
64
170
131
164
117
173
49
152
251
86
183
222
Retirement of debt and stock
do _
129
94
36
38
74
97
81
18
110
198
Funded debt
do
80
164
103
11
122
6
50
18
59
15
31
19
98
Other debt
do
15
17
11
9
12
21
60
6
17
38
16
5
34
Preferred stock
do
43
3
7
6
5
2
5
5
6
10
19
12
Other purposes
do
24
Proposed uses by major groups:
210
229
422
130
226
119
530
90
328
165
141
Industrial, total net proceeds _ _ _ _ _ do _ _
239
108
326
71
145
136
94
52
470
204
129
New money
_
do
96
175
133
Retirement of debt and stock _ _ _ d o _ - _
91
53
92
22
34
16
70
122
31
41
56
124
41
111
483
43
61
67
332
Public utility total net proceeds
do
93
225
536
307
13
108
411
14
6
18
47
223
New money
_ - do
31
30
353
234
34
17
Retirement of debt and stock
do
98
29
33
20
108
61
192
181
72
3
19
40
33
8
18
47
Railroad total net proceeds
do
12
37
17
28
28
16
21
3
35
28
7
18
9
New money
_
do _
15
17
28
22
19
3
12
5
2
0
0
Retirement of debt and stock, _ _ _ d o - _ _
2
0
22
0
0
Real estate and financial, total net proceeds
53
1
3
11
52
mil. of dol
8
66
9
3
10
21
14
1
1
3
9
3
5
5
5
32
6
3
New money
do
21
39
0
0
20
5
Retirement of debt and stock
__do
0
6
5
1
8
0
0
r
Revised. » Preliminary. l Partly estimated. 2 Includes $250,000,000 bonds of International Bank.
cfSee p. 31 of the October 1946 Survey for revised 1941-44 data for 629 companies and the industrial groups. ±See note in the April 1946 Survey for revisions in the data for 1944.
® Includes data for nonprofit agencies not shown separately. The July figure includes also $250,000,000 bonds of International Bank.
*New series. For data for 1929-40 for profits and dividends of 152 companies, gee p. 21 of the April 1942 Survey; 1941-44 revisions are available upon request. See note on p. S-17 of September 1944 Survey for description of series on net income of electric utilities and data beginning third quarter of 1943. For a brief description of the series on bank deposits and currency outside banks and data beginning June 1943, see p. S-16 of the August 1944 Survey; beginning January 1947 data are for the last Wednesday of the month instead of the end of the month. Data
beginning 1939 for turn-over rate of bank deposits and a description of the data will be published later.
fRevised series. 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 published later.
SUKVEY OF CUEEENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-19
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
FINANCE—Continued
SECURITIES ISSUED— Continued
State and municipal issues (Bond Buyer):
Permanent (lone; term)
thous. of dol
Temporary (short term)
do
67 526
3,482
89 389
131 893
53 290
62 729
78, 194
47, 388
175 449
10, 685
228 929
77 979
100 184
81 067
353 502
146, 137
405 776
71 803
109 692
29 927
'•214,749
r
49, 717
r
144 801
r 13(5 354
189, 586
30, 575
17
40
29
61
58
208
76
183
106
190
139
172
388
194
510
360
314
283
328
369
358
531
601
509
503
482
COMMODITY MARKETS
Volume of trading in grain futures :J
Wheat
Corn
mil. of bu
do
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
723
631
583
571
573
576
553
530
550
253
720
238
723
210
687
217
681
216
677
205
665
201
652
552
395
222
650
564
305
729
537
453
217
693
533
377
647
251
677
241
656
103. 10
103. 49
80.15
102. 15
102. 56
77.95
102. 46
102 88
77. 19
102.00
102. 41
76.89
102. 64
103. 07
76.18
102. 89
103 30
77 12
102. 86
103 27
77*20
102. 95
103 36
77 00
1C2. 63
103 06
76 42
102. 49
1C2 92
75 32
102. 25
102. 70
74.02
102. 33
102 77
74 iQ
102.62
103.09
73.28
123.8
122.8
121.8
121.6
121.5
122. 6
122.7
122.4
122.8
122.9
122.8
122.5
122.3
115.9
123.0
111 9
112.9
67.7
133 4
103.9
115 7
122 8
113 8
110 5
69 6
134 7
103 8
H6. 1
123.9
113.9
110.4
69.6
134.3
103.9
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
dollars..
Domestic
do
Foreign _ _ _ do
Standard and Poor's Corporation:
Industrials, utilities, and railroads:
High grade (15 bonds)
dol. per $100 bond..
Medium and lower grade:
Composite (50 bonds)
do
Industrials (10 bonds)
do
Public utilities (20 bonds)
do
Railroads (20 bonds)
do
Defaulted (15 bonds) _. _
do
Domestic municipals (15 bonds) f
do
U S Treasury bonds (taxable) f
- 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. S. E.), face
value total
thous. of dol
U S Government
do
Other than U. S. Government, total do
Domestic
._ _, do
Foreign
do
Value, issues listed on N. Y. S. E.:
Face value all issues
mil. of dol
Domestic
- do
Foreign
do
Market value, all issues
do
Domestic
._. do _
Foreign
do
Yields:
Domestic corporate (Moody's)
percent__
By ratings:
Aaa
do
Aa
_ do _ .
A
do
Baa
do __
By groups:
Industrials
do
Public utilities
do
Railroads
do
Domestic municipals:
Bond Buyer (20 cities)
do
Standard and Poor's Corp. (15 bonds) __. do
TJ. S. Treasury bonds taxable!
do
Stocks
Dividends:
Cash dividend payments and rates, 600 cos.,
Moody's:
Total annual payments at current rates
mil. of doLNumber of shares, adjusted.. _
._ millions _
Dividend rate per share (weighted average)
dollars..
Banks (21 cos.) .
do ...
Industrials (492 cos.)
do
Insurance (21 cos.) _ _
.
do
Public utilities (3C cos.)
do
Railroads (36 cos.)
.
_
do
Cash dividend payments publicly reported:*
Total dividend payments _
.
mil. of dol
Manufacturing
... ... __ _ _ do _
Mining
do
Trade
do
Finance
. _ _ __ _ do._ _
Railroads
do
Heat, light, and power .
.
do _
Communications
do
Miscellaneous
do
6
7
5
6
1
5
6
116 5
123 5
112 7
113 2
64 0
133 2
104 6
115
123
112
109
61
133
104
0
2
5
2
9
9
5
114.3
122.6
113.0
107. 3
63.4
134.4
104.1
73 249
100 247
67 522
89 587
68 974
94 673
71 0^4
98 349
67, 490
88, 531
85 253
109 385
95 470
130 028
68 979
95 349
63 187
81 491
64 393
88 961
63 880
90 458
58, 248
78, 115
76 972
99 723
127, 553
265
127, 288
120, 544
6, 744
125 491
126
125, 365
118, 519
6 846
79 987
98
79, 889
74 530
5 359
75 582
35
75, 547
68, 860
6 687
81 601
828
80, 773
74, 885
5 888
82 526
140
82, 386
75 863
6 523
70, 077
386
69, 691
63, 590
6, 101
96 661
1 152
i 95, 509
76 937
5* 101
136, 787
134, 584
2,203
139, 521
137, 827
1,694
137, 165
134,995
2,170
140. 793
139, 139
1, 653
137 006
134, 859
2 148
140, 966
139, 310
1 656
137 106
134 956
2 150
141 033
139 373
1 660
136 937
134, 806
2 132
140 978
139, 336
1 641
137 219
135 044
2 174
140 833
139, 172
1 662
137 019
134 856
2 163
140 426
138 797
1 629
137,058
134,932
2, 126
140, 148
138, 574
1,574
2.82
2.82
2.83
2.79
2.78
2.79
2.78
2.79
2.81
2.80
2.80
2 60
2.70
2 84
3.15
2.59
2.69
2.84
3.17
2.61
2.69
2.83
3.17
2 57
2.65
2 79
3. 13
2
2
2
3
55
64
79
12
2 55
2.64
2 80
3-15
2
2
2
3
2
2
2
3
53
03
82
17
2.55
2.64
2.83
3.21
2
2
2
3
55
64
82
18
2.56
2.64
2.81
3.17
2 64
2.75
2.98
2 65
2 76
3.05
2 66
2.77
3.05
2 66
2.77
3.04
2 63
2 73
3 00
2 61
2 72
3 00
2 61
2 73
3 02
2 60
2 71
3 03
2 60
2 71
3 05
2.60
2.72
3.10
2 62
2 72
3 06
2.63
2.72
3.03
1.58
1.65
2.23
1.73
1.75
2.28
1.66
1.84
2 26
1.78
1.80
2.25
1.85
1.97
2 24
1.81
1 92
2 21
1.97
1 99
2 21
1.90
2 02
2 19
1.89
1 98
2 19
1.83
1 95
2 19
1.81
1.92
2.22
1.81
1 91
2 25
1.83
1.93
2.24
1,958
941. 47
1,955
941. 47
2,002
954. 65
2,066
954. 65
2,111
954. 65
2,129
954. 65
2, 196
954. 65
2,196
954. 65
2,224
954. 65
2.310
954 65
2,310
954. 65
2,329
954. 65
2,348
954. 65
2.08
3.21
2.03
2.58
1.82
2.71
2.08
3.21
2.03
2.58
1.82
2.65
2.10
3.20
2.05
2.59
1.88
2.59
2.16
3.20
2.12
2.59
1.90
2.76
2.21
3.20
2.19
2.59
1.90
2.77
2.23
3.21
2. 22
2.59
1.92
2.75
2.30
3. 21
2.32
2.59
].95
2.75
2.30
3.21
2 35
2.59
1.95
2.66
2. 33
3.21
2 40
2.59
1.96
2.66
2. 42
3 21
2 50
2 59
1 96
2 66
2.42
3.21
2.51
2.59
1.98
2.66
2.44
3.21
2 52
2.59
1 99
2.67
2.46
3.21
2. 55
2.59
1.99
2.68
609.4
339.7
68.4
39.5
48.8
34.2
51.2
9 4
18.2
444.9
191.7
12 4
29.4
90.6
11 2
46.2
50 0
13.4
179.4
96.4
1.5
9.3
31.7
5.9
31.0
.3
3.3
119 1
124.0
115 4
117.7
78.8
140 0
104. 1
117.4
123.3
114.7
114.3
65.4
137.8
103.3
115 8
122 2
112 9
112 3
62.7
136 0
103.6
115.9
122.5
112 6
112.7
63.6
136.8
103.7
72 691
94 121
104 881
167 352
85 870
131 885
66 551
97, 458
69 346
90, 244
99, 647
160, 265
81 197
125 782
78, 010
279
77, 731
72, 441
5,290
149, 259
468
148, 791
142, 298
6,493
136, 714
134,441
2, 273
140, 958
139, 137
1,822
3
5
2
3
3
4
3
116 8
123 7
112 4
114 3
69 3
133 1
104 4
121,416
161, 049
100 265
136 235
62, 101
91, 836
116, 541
154, 937
112 738
392
112, 346
106, 488
5,858
95, 127
225
94, 902
89, 201
5,701
136, 838
134, 569
2, 269
139, 784
138, 015
1,769
136, 880
134, 644
2 236
140, 245
138, 520
1,726
2.73
2.79
2.51
2.62
2.74
3.03
2.58
2.68
2.80
3.10
2 58
2.70
2.89
455. 1
276.9
23 9
40.9
31.8
17 3
34.8
12 6
16.9
116
123
111
114
68
134
104
r
116
123
l!2
113
66
132
104
53
63
81
16
342.1
160.5
963.1
434.5
190 5
492.5
388.9
159 2
561.1
146.5
86.8
160.9
89.1
308.5
162.7
85.9
74. 1
4. 1
4.2
2 9
12
25 4
5 9
13
90.2
9.9
45.3
23.0
5C 0
9 6
35 1
9 6
98.1
24.0
51.9
92.4
29.5
25.8
55. 9
18 2
12.4
44.4
22 7
2.0
19 4
21 6
8 0
5 4
31.2
45.1
46.1
48 2
51 0
36.3
47.5
35 9
3
3
3
14 3
47.5
50 1
49 6
9 9
2.1
34.8
10.6
1.8
18.6
10.6
2.6
11.6
' Revised. JData continue series in the 1942 Supplement. 1 Includes sales of bonds of International Banks as follows: July, $13,471,000; August, $2,672,000.
2 Includes bonds of International Bank as follows: Face value—July and August $250,000,000; market value—July, $255,000,000; August, $253,000,000.
§Since March 18, 1944, United States Government bonds have not been included.
1fSee note in September 1947 Survey for source of data.
*Ncw series. Data for dividend payments for 1941-44 are available on p. 20 of the February 1944 Survey and p. 31 of the February 1947 issue.
166.3
78,7
.9
5.6
28.9
5.3
40.5
.2
6.2
2
137
135
2
2
140
138
1
60, 490
14
i 60, 476
52, 588
5, 216
137,628
563
135,210
175
2,168
138
763 1141,236
139, 394
923
1,589
585
•[Revised series. For explanation of revision in the series for municipal bonds and data beginning February 1942, see p. S-19 of the April 1943 Survey; earlier data will be published later.
Hevised figures through 1943 for prices and yields of U. S. Treasury bonds and a description of the data are on p. 20 of the September 1944 Survey.
SUEVEY OF CUKRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1W7
1947
1946
August
September
November
October
December
January
February
March
April
May
June
July
August
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividends— Continued
Dividend yields:
Common stocks (200), Moody's
Banks (15 stocks)
percent-do__ -
Insurance (10 stocks)
do
Public utilities (25 stocks)
do
Railroads ( 2 5 stocks)
_ _ _ _ do__.
Preferred stocks, high-grade (15 stocks), Standard and Poor's Corporation
percent. _
Prices:
Average price of all listed shares (N. Y. S. E.)
Dec. 31, 1924=100_Dow-Jones & Co. (65 stocks)
_dol. per share-Industrials (30 stocks)
_
.do
Public utilities (15 stocks)
do
Railroads (20 stocks) ._
do
Standard and Poor's Corporation:
Industrials, utilities, and railroads:
Combined index (402 stocks) _ _ _ 1935-39 =100 ._
Industrials (354 stocks)
do
Capital goods (116 stocks)
do
Consumer's goods (191 stocks)
do
Public utilities (28 stocks)
do -_
Railroads (20 stocks)
do
Banks, N. Y. C. (19 stocks)
do._._
Fire and marine insurance (18 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. of dol
Shares sold
thousands
On New York Stock Exchange:
Market value
mil. of dol
Shares sold
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
.__
thousands
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of doL_
Number of shares listed
.millions _
3.9
3.8
4.4
4.0
4.4
3.9
4.6
4.0
4.5
3.9
4.5
4.2
4.7
4.2
4.8
4.4
3.2
4.2
5.6
3.6
4.6
6.5
3.5
4.7
6.3
3.6
4.8
6.9
3.5
4.6
6.6
3.3
4.6
6.6
3.3
4.7
6.8
3.44
3.57
3.65
3.70
3.76
3.74
89.6
73. 81
199. 44
40.93
61.45
80.2
62.66
172. 72
35.05
49.59
79.3
61. 10
169. 48
34.58
47.28
78.5
61.77
168. 94
35.23
49.24
81.6
63.97
174. 38
51.18
36.77
146.4
150.4
135.2
159.3
125.3
147. 1
118.7
133.9
125.4
128.8
114.6
136.9
109.7
119.0
107.5
119.4
122.3
125.9
112.4
132.3
107. 2
110.2
105. 0
113.8
1 164
45, 915
1, 903
81, 805
1,297
54, 552
982
32, 196
1,617
60, 438
1, 103
38,919
20, 807
43, 450
30, 384
23, 819
29, 834
23, 557
23, 758
19, 337
20, 620
74, 350
1,738
66, 864
1,750
66, 115
1,756
65, 741
1,764
68, 595
1,771
69, 627
1, 779
68, 839
1,786
67, 608
1,792
64, 520
1,794
5.3
4.6
5. 3
3.7
5.0
7.5
5.1
4.6
5. 0
3 5
5.1
7.3
4.9
4.4
4. 8
3.5
5.1
6.7
5.1
4.4
3.4
4.9
6.8
5.1
4.6
5. 0
3.6
4.9
7.3
3.71
3.72
3.75
3.76
3.76
3.72
3.71
82.4
63.78
176. 10
36.55
49.56
81.1
65.83
181. 54
37. 17
51.74
79.4
63.64
176. 66
36.02
49.15
75.7
61.04
171.28
34.52
45.88
74.4
59.49
168. 67
33.39
43.60
77.3
61.26
173. 76
33.98
44.86
80.3
65. 32
183. 51
35.61
49. 38
78.3
64. 36
180. 08
35. 5S
50. 45
125.5
128.9
117. 9
133.5
109.8
118.8
108.7
117.6
125.2
128.5
117.6
133.8
110.7
114.7
106. 2
122.3
128.7
132. 6
121.6
139.7
111.4
118.8
103.9
125.8
123.7
127. 7
117. 1
133.5
107.3
109.9
101.2
122.4
119.3
123.1
113.0
126.7
104.6
102. 2
94.7
118.8
115.2
119.0
108.0
121.4
102.0
95.1
95.0
114.0
119.1
124.1
111.9
126.4
100.8
97.6
94.7
117.0
126. 0
131.7
118.9
134. 6
102.2
108. 2
97.3
120.5
124. 5
130. 2
117.0
132.4
101.4
105. 2
98. 0
116.1
1,118
51, 669
1,273
56, 527
1,100
47,312
1, 144
53, 518
928
37, 227
980
45, 116
884
40, 181
804
35, 349
1, 051
45, 536
951
36, 955
1,074
39, 723
918
32, 628
944
34, 109
770
25, 302
826
32, 338
739
27, 854
668
23, 643
890
32, 951
20, 616
17, 483
20, 595
14, 153
63, 646
1,814
66, 548
1,829
69, 365
1,847
68, 184
1,862
120.6
123. 8 ,
111.5
130.0
105.5
113.3
108.5
115.8
3.6
5.0
7.0
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
218
231
106
154
168
109
127
142
112
226
260
115
249
291
117
245
294
120
250
304
121
286
350
123
274
344
126
296
378
128
258
330
128
238
'306
129
130
»• 129
100
120
118
100
120
124
104
•• 141
104
' 145
'154
•• 106
155
167
109
119
133
113
116
136
117
123
151
124
121
142
119
124
147
119
118
139
118
95
128
69
59
43
31
102
76
108
90
94
92
109
128
111
128
93
115
95
117
89
121
67
91
do
do
127
131
101
87
69
51
136
113
160
142
142
144
158
190
162
189
141
168
150
171
132
159
119
150
do
do
99
112
89
101
86
90
108
117
109
112
141
132
100
96
94
81
104
96
102
105
93
100
84
93
do
20 149
9,442
16 324
9,114
12 571
7,852
14, 882
8,523
12, 579
8,135
13, 389
9,623
14, 637
8,201
16, 954
9,199
19, 628
9, 684
26, 509
10,317
24, 922
10, 103
1923-25=100
do
do
do
do
do
1924 29—100
do
r 146
SHIPPING WEIGHT*
General imports
VALUE§
1,151
1,327
' 1, 422
1,242
1,299
1, 150
1, 097
1, 150
1,114
537
988
643
883
Exports, total, including reexports
mil. of dol_.
2
1
2
4
3
7
9
(a)
12
(a)
8
8
34
Lend-lease*
do
By geographic regions:
52,512
74, 829
65, 768
73, 792
86, 806
68, 709
46, 463
56, 357
16, 081
53, 070
27, 553
43, 789
Africa
thous. of dol
213, 638
223, 993
177, 270
177, 172
220, 012
196, 981
121, 680
208, 207
160, 783
99, 470
67, 263
137, 854
Asia and Oceania
do
431, 090
405, 527
484, 084 * 496, 079
516, 911
362, 113 r 435, 224
454, 447
388, 288
234, 137
168, 352
354, 879
Europe
do
164, 909
188, 353
191, 551
156,202
210, 276
149, 049 ' 150, 313 r 185, 116
157, 786
158, 202
135, 651
137, 080
Northern North America
do
144, 662
126, 988
130, 155
140, 675
152, 356
148, 641
143, 415
142, 223
120, 557
79, 293
73, 395
96, 168
Southern North America
do
«•
239,
160
193,
251
187, 616
215,
955
180,
777
174,
836
226,
401
170,
140
144,
489
66,
948
53,
313
113, 224
South America
do
Total exports by leading countries:
Europe:
75, 102
65, 096
88, 123
54, 669
76, 463
73, 081
76, 432
70, 761
67, 492
27, 530
21, 190
46, 382
France
do
12, 249
14, 876
17, 891
13, 704
14, 900
9, 595
11,689
10, 943
2,331
12,615
8,518
15, 636
Germany
do
26, 606
49, 189
55, 352 ' 46, 830 50, 529
31, 846
44, 445
40, 507
4,424
31, 056
21, 651
31, 004
Italy
.
-do
Union of Soviet Socialist Republics (Russia)
1,140
15, 742
27, 116
7,232
9,281
14, 078
24 671
15, 780
12 531
16 039
11 106
thous of dol
42 671
95, 697
99, 504
' 93, 465 94, 497
74, 035
102, 650
116, 748
102, 586
111,656
66, 812
46, 097
70', 755
United Kingdom
do
a
r Revised.
Less than $500,000.
§ The publication of practically all series on foreign trade included in the 1942 Supplement but suspended during the war was resumed in May 1946 Survey. Export statistics include lendlease exports shown separately above, shipments by UNRR A and private relief agencies, and since June 1945 comparatively small shipments consigned to United States Government agencies
abroad; shipments to U. S. armed forces abroad are excluded. Revised 1941 figures for total exports of U. S. merchandise and total imports are shown on p. 22 of the June 1944 Survey; revised
figures for 1942-43 for the totals and revised figures for 1941 and later data through February 1945 for other series will be shown later.
*New series. The series on shipping weight, compiled by the Bureau of the Census, represent gross weight of merchandise, including weight of containers, wrappings, crates, etc.; the data
have been revised in this issue to cover only waterborne trade; revised earlier data will be published later. See note in September 1947 Survey for explanation'of data shown as lend-lease exports
and reference to source of annual totals for lend-lease exports for 1941-45.
SUEVEY OF CUEEENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-21
1947
1946
August
September
October
November
December
January
February
March
May
April
June
July
187, 004
305, 552
57, 778
50, 050
11,417
17, 133
41, 560
46, 881
35, 430
160, 501
302, 961
53, 729
50, 143
10, 487
17,374
32, 740
51, 399
34, 947
20, 668
5 205
55, 538
6 473
55 815
230
9 302
29, 310
36. 438
1,228
26, 364
7,790
39, 349
5 284
28. 166
424
8,103
30, 094
34, 725
1,139
152, 767
56. 812
137, 375
159 436
721,880
95, 533
61, 970
121, 512
151.277
708,914
274, 080
50 060
17,610
102 Q49
21 716
954, 190
90, 132
67, 658
8,673
70 661
194, 462
27 615
48 184
15 365
94 115
58, 725
463
220, 501
13 165
21, 576
92 503
14 715
918, 705
89, 485
69, 777
7, 453
66 906
201,214
26 163
49 474
17 909
98' 055
63, 873
450
795
830
407
817
026
701
24,189
100 696
69 341
96 416
93 836
78 236
14, 799
95, 751
71 745
90 547
91 853
85 236
3 856
766
2 673
4 466
16 824
3 287
196
2 953
10 475
18 938
3 411
365
2 0^4
q 956
18 637
August
FOREIGN TRADE—Continued
Total exports by leading countries— Continued
North and South America:
133, 784
156, 252
152, 752
153, 547
146, 298
Canada
thous. ofdoL. 134, 236
252, 306
137, 166
121, 392
292, 828
306, 297
Latin American Republics, total
. do ... 199, 486
13, 064
29, 379
19, 797
Argentina
do
11, 953
37, 850
31,976
20,
047
33,
233
20,
091
47,
760
51,
138
52, 835
Brazil
do
7,730
5,734
3,605
11, 672
7,471
11,796
Chile
do
3,010
16,
382
9,
124
14,212
21,
123
21, 266
Columbia*
do
24, 752
14. 884
38, 143
39, 439
13, 141
36, 439
Cuba
_do _ . _
45,
744
51,011
44, 166
50, 331
57, 554
51, 572
Mexico
do
19, 990
8,075
27, 321
27, 676
11, 093
31, 250
Venezuela* - _
do_
Other regions:
5,420
5,114
7,096
9,140
16, 748
6,213
Australia
do
809
472
2, 323
803
779
2,579
British Malaya
do
24, 670
54, 590
35, 921
39, 953
19, 094
35, 441
China
__.do_ _
2, 117
3,010
1,678
2 858
3, 857
3,261
Egypt
do
15, 738
16, 763
28, 435
India and dependencies
_ _ _. _ _ _ d o
14,145
26, 583
15,428
20, 286
14, 217
3,598
12,416
6, 363
Japan
_do
3, 627
Netherlands Indies
do
10, 749
2,040
3,288
8, 069
11,807
3,311
Philippine Islands
_ ___do
17, 823
18, 019
8, 353
25, 401
58, 646
30, 210
Union of South Africa
_ _____
_do
25, 219
13, 896
23, 282
29,312
7, 063
34, 358
Exports of U. S. merchandise, total
mil. of dol_.
861
627
1,084
529
1,094
967
Bv economic classes:
Crude materials
thous. of dol__ 138, 436
115, 495
93,415
173, 183
135, 882
133, 879
Crude foodstuffs
.
._ _
_do_
53, 340
39, 118
29, 008
51, 340
68, 347
62, 515
Manufactured foodstuffs and beverages... do _ .
116,816
81, 526
42, 098
107, 725
149, 720
132, 503
Semimanufactures
_
_ _do_
»• 82, 157
61, 418
50, 761
82, 881
105 381
114 370
Finished manufactures .
.do ___ 470, 311
329, 385 ' 313, 245 552, 347 ' 623, 965 650, 630
By principal commodities:
"Agricultural products, total___do__
253. 947
187, 244
290, 351
121,318
291,925
321, 002
34 316
Cotton unmanufactured
do
58, 858
70 562
47 713
16 997
57 437
Fruits, vepetablos and preparations. - do.
17, 911
13,666
11, 523
44 184
19,428
36 026
69, 284
Grains and preparations
do
51 543
96 344
88 696
29 643
71 494
Packin^ house products
do
4 338
35, 280
1 9, 263
18 535
13 377
19 272
Non agricultural products, total
do
' 607, 112 439, 696
407, 209
675, 551
803, 479
762, 236
Automobiles, parts and accessories
do
51, 627
42,817
39, 804
75, 974
70, 816
72, 359
Chemicals and related products. _ _ _ d o _ _ _
43, 826
30, 255
27, 391
44, 651
57, 111
52, 424
Copper and manufactures..
do. __
3, 534
1,994
1,205
6, 256
4,827
6, 184
Iron and steel and their products..
do.
45, 639
30, 834
57 157
26 756
44, 843
51 236
137, 504
83, 724
89, 673
148, 273
154, 438
166, 333
Machinery
do
Agricultural
do
12, 044
17, 074
16 294
12 677
19 344
18 600
32, 260
Electrics!
_
. do_
18, 581
23, 608
40, 605
38,119
35, 490
7 977
Metal working
do
15 358
19 867
9 477
14 542
14 574
Oth^r industrial
. do
66. 618
41,372
71 204
39 253
74, 237
79 155
Petroleum and products
do
43, 135
35. 014
27, 576
36, 007
41, 513
37, 137
General imports, total
_ .mil. of dol
425
378
394
482
533
536
By geographic regions:
Africa
..
thous. of dol. _
33, 756
20, 210
24, 662
28, C87
22, 978
29, 205
Asia and Oceania
_
do
90, 806
86, 593
78, 124
139, 236
150, 311
123, 404
63, 075
58, 273
Europe
do
63 968
88 877
76 258
76 313
Northern North America
do _
78, 018
81, 305
90 340
93
097
82 979
88, 074
62 489
Southern North America
do
51 994
5? 310
76 938
61 094
75 061
South America
_ _ __ _
do.
97, 533
79, 753
84 331
114 707
104 496
116 600
By leading countries:
Europe:
6 124
5 245
France
do
7 298
7 372
8 610
6 167
Germany
_ _ ._
. do. _
23
149
41
125
252
403
6,282
4, 571
Italy
do
5 133
9 544
8 004
5 392
Union of Soviet Socialist Republics.
do_
7,721
2,786
7, 139
15 944
1,809
9 006
United Kingdom_.do._
11, 512
14, 177
10, 269
14, 224
18, 476
16,910
North and South America:
Canada
do
74 715
90 187
77 COO
79 278
84 110
88 167
Latin American Republics, total
do
154,037
125, 299
132, 739
185, 610
183, 724
159, 776
Argentina .
._.
..
do__ _
13, 912
10, 908
13,907
16,382
23, 016
26, 658
Brazil
do
45, 985
29, 870
37 792
37 277
30 049
51 482
Chile
.
do
3,418
4,754
7 263
8,770
4, 747
6,719
Colombia*
do
14 224
13, 048
20 142
11 644
16 550
18 176
Cuba
do. _
25, 360
19, 749
27 553
23 936
29, 276
36 168
Mexico
. do
18,391
14, 922
18, 140
19,984
23, 441
25, 024
Venezuela* . _
_
do
10, 324
10 523
11, 507
13 644
9 973
14 201
Other regions:
15, 041
Australia
.. _
do.
17, 139
12 710
11,822
7 724
14 148
British Malaya
do
8,284
14 479
19 795
19 093
15 347
47 246
China _
do __
7, Obi
8, 041
5, 183
7 123
11 593
15 572
2,892
Egypt
_ _ do
1, 345
3 312
1 779
7 058
1 068
27 581
India and dependencies
do
17 534
20 593
9 290
27 618
24 944
Japan
. .
__do
12, 378
2,780
2' 276
14, 307
25 917
8 445
Netherlands Indies .
_
do
2, 486
3,292
6 609
5 660
8 044
4 545
Philippine Islands
do
3 636
3 338
3 635
5 891
11 195
10 905
Union of South Africa.
_. ._
_ do_
15, 990
14, 443
13 904
10, 363
8 629
9 064
Imports for consumption, total
mil. of dol
470
412
378
397
498
538
By economic classes:
Crude materials __ _.
thous. of dol ' 149, 573
133, 960
137 434 r 158, 636 »• 162, 340 r 207 959
77 338
Crude foodstuffs
do
72, 193
60, 747
59 096
91 259
112 207
Manufactured foodstuffs and beverages.. do...
43, 534
38, 599
39, 269
47, 593
48, 078
38, 042
Semimanufactures _
do
78, 664
76 262
87 C17
87 597
101 145
95 669
Finished manufactures
do
68, 426
68, 796
73, 913
88, 021
95, 395
81, 237
By principal commodities:
Agricultural, total
do
«• 198, 866
178, 901
176 261 T 225, 666
252 381
306 385
Coffee
do
47, 886
36, 816
32, 080
43, 909
50, 433
62 896
Hides and skins
do
7,072
6,657
7 724
11 595
10 256
8 655
19,654
Rubber, crude, including guayule
do
22, 537
25, 562
30, 934
25, 578
51, 205
Silk, unmanufactured. .
do ...
12, 631
3,211
745
13, 922
24 247
5 943
Susar
do
12, 052
16, 159
10 384
15 413
17 035
18 122
Wool and mohair, unmanufactured
do
25, 411
23, 459
20, 160
19, 441
17, 111
22! 665
Revised.
§See note marked "§" on p. S-20.
"New series. Data beginning March 1945 are in the May 1946 Survey; earlier data will be published later.
145, 679
287, 336
36, 055
56, 340
9, 126
15, 220
36, 499
50, 419
35, 861
181, 351
351, 187
66, 464
65, 445
11,481
19, 930
37, 227
62 515
30, 623
8, 307
3,374
39, 720
3 677
25, 943
2, 539
5 437
52, 996
27,719
1, 130
19, 562
5, 769
37, 370
4 576
43, 448
r
3, 371
11 286
42. 937
40, 000
1,304
139, 640
65 8C7
136, 606
115 595
673, 339
149, 576
81 251
135, 941
147 032
790, 493
r
r
301, 0-16
60 972
32 658
109 822
18 124
829 680
74, 748
53 533
4,979
52 116
162, 949
19 148
40 979
14 031
80 194
r
47, 898
435
r
181,511 ' 203, 624
»• 350, 365 ' 369, 636
»• 49 415
71,653
68, 535
61, 240
12 387
9 919
21, 234
23, 467
42, 725
47, 577
57 002 r 56, 862
39, 095
46 138
r
T
r
14
4
26
5
38
271
172
164
537
598
283
9 779
32 037
34 656
1,280
' 129, 807 ' 143, 691
T 81 542
80 031
' 129, 290 r 144, 515
r 145 828
171 024
869, 196
794, 046
315 837
279 720
60 748
45 588
27
332
19 086
190 385
125 125
19 692
21 206
988 245 1 000 688
95, 875
104. 684
67 405 f 67 881
6, 625
5, 935
r 71 877
70 237
191,365
202, 052
24 649
28 818
48 575
47 437
18 457
17 808
88 844
95 549
50, 192
53, 928
444
512
21, 172
102 165
60 044
75 524
76 932
100 516
19, 159
98 217
49 677
91 641
93 454
92 120
3 531
70
3 276
1 047
19 C20
4 50?
218
3 314
1 945
11 139
5 073
531
3 825
6 288
18 099
74 306
169, 916
16 900
37 504
4 931
18 351
34 077
21 299
13 711
89 755
175. 832
8 767
29 367
8 1R6
20 259
42 801
23 429
17 07?
«9 442
? 21 5 236
13 994
42 549
11 805
18 515
61 238
r 22 205
13 733
8 516
24 490
13 206
1 354
19 487
3 762
5 295
9 779
4 715
493
16 813
15 699
10 271
610
22 059
775
2 519
17 057
5 672
434
15 918
18 211
5 955
936
19 218
813
2 780
15 875
5 297
484
838
039
986
925
268
123 5«7
90 237
51, 274
93 739
75, 647
227 810
56 849
6 388
32, 388
2 884
26 912
17', 697
230 265
54 206
5 670
19, 992
1 109
34 861
22', 586
128
86
r 44,
90
74,
r
24, 458
7 145
41,395
6 765
41 676
2,063
16 814
33 066
41, 763
1,408
30 079
98 272
68 090
90? 932
r 119 634
11 805
2«9 178
41 T34
21 457
r 126 8S2
32 807
1 119 255
114,878
77 968
7,111
79 020
r 246, 314
31 233
55 656
21 1°9
r 194 156
r
59, 942
474
19
19Q
58
87
86
100
079
330
839
763
IOQ
477
586
466
134
422
893
313
952
100
785
794
582
829
86
168
10
31
10
9
53
18
13
15 206
43 °12
11 917
054
13 234
804
2 584
17 896
8 207
455
12 058
23 662
13 727
3 931
22 959
l' U9
1 100
14 178
5 145
469
7
23
7
1
29
4
133 699
109 750
67, 691
r 95 472
77, 003
160 066
61 185
53, 962
103 494
76, 740
159 577
55 603
60. 257
112 063
81, 839
133 402
55 1°9
62, 883
103 533
89, 899
268 609
66 599
5 977
23, 937
43
50 780
2l', 338
233 121
32 020
7 261
47, 837
57
34 311
20', 893
222 635
25 064
6 934
30, 281
6
42 595
17! 762
192 013
31 727
8 993
23, 263
3 267
42 811
15! 529
85
176
18
26
14
14
44
17
13
99
164
15
16
11
12
50
21
12
399
762
630
691
] 54
888
917
706
309
5Qg
079
951
556
032
157
657
739
8 503
5 603
445
403
SUKVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1947
1946
August
September
Octo-
ber
1947
Novem-
ber
Decem-
ber
Janu-
ary
Febru-
ary
March
May
June
July
222, 327
9,187
35, 789
246, 703
14, 450
44, 312
252, 832
11,947
40 988
8,074
2,410
17, 187
27, 048
20, 309
16 571
853
20, 521
28, 667
21, 879
21, 818
1,272
29, 958
30, 423
18, 608
15 626
7, 435
30, 773
30, 9S8
20, 784
April
August
FOREIGN TRADE—Continued
VALUE§— Continued
Imports for consumption— Continued.
By principal commodities:
Nonagricultural, total
thous. of dol
Furs and manufactures
do_ _ _
Nonferrous ores and metals, total
do
Copper, including ore and manufactures:
thous of dol
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
213, 525
22, 766
21, 683
199, 464
8, 363
17, 364
220, 469
15, 339
25, 445
240, 893
14, 179
26, 535
245, 162
24, 662
32, 143
4, 945
6,036
15, 357
20, 925
15, 124
6,513
898
14, 026
20, 801
15, 289
8,969
3,800
15, 245
22, 830
13, 290
9,580
4,217
13, 021
26,318
12, 981
12,511
2,778
14, 022
25, 916
14, 753
' 228, 959 ' 197, 292 ' 204, 214 r 215, 047
14, 796
4, 434
6,648
7,085
r
29, 876
27, 568
25, 479
r 30, 049
r 7, 443
3,762
18, 208
23, 763
19, 379
8,625
1,466
18, 087
21, 004
18, 429
9,026
9
15, 906
25, 987
21, 620
TRANSPORTATION AND COMMUNICATIONS
TRAN SPORTATION
Air Lines
Operations on scheduled air lines:f
Miles flown revenue
thous. of miles
Express and freight carried
thous. of Ib _
Express and freight ton-miles flown thousands..
Passengers carried (revenue)
do
Passenger -miles flown (revenue)
do _ _
28, 958
12,011
3, 173
1,301
619, 136
28, 243
15, 030
3, 644
1,241
608, 196
28, 301
18,311
4, 623
1, 149
553, 405
25, 046
16, 435
4, 390
980
465, 015
27, 173
24, 021
6,321
999
503, 478
22, 502
12,331
3,602
725
376, 339
22, 512
12, 615
3,827
740
368, 017
25, 464
17, 449
5,116
973
488, 019
25, 318
17, 235
4,788
1,077
519, 516
26. 994
15, 610
4,415
1, 133
556, 589
26, 866
15, 722
4,295
1,065
538, 377
28, 572
13, 841
4,077
1,075
533, 706
26, 410
73
28, 084
69
28, 327
87
31, 223
66
25, 838
55
25, 355
79
25, 645
61
25, 112
50
25, 082
64
24, 398
47
24 429
^52
7. 9805
1, 539
112, 900
7. 9832
1, 646
121, 400
7. 9832
1, 591
116, 500
7. 9915
1.627
123, 600
8. 0165
1, 628
119, 800
8. 0220
1,481
108, 700
8. 0275
1,607
116, 200
8.0414
1, 591
118, 200
8. 0580
1,606
120, 100
8. 05SO
1,479
112, 100
8. 0829
1, 464
111, 400
8 0913
1,441
3,517
743
55
197
191
63
477
269
1,521
3,680
755
4,220
712
64
192
200
112
519
249
1,597
248
117
642
240
1, 974
3,022
599
48
166
207
63
473
49
1,416
3, 168
759
56
167
216
68
445
48
1,409
3,179
736
58
195
202
49
461
49
1,430
4,170
917
73
250
265
67
620
69
1,910
3, 233
547
53
183
191
54
505
164
1,536
4,376
922
72
233
213
66
593
369
1,909
3, 543
708
54
188
200
49
464
324
1,555
3,276
495
49
178
275
46
429
343
1,461
4 560
886
70
248
317
62
577
407
1, 992
149
160
181
166
140
120
79
245
150
138
160
183
154
125
91
75
164
139
149
155
180
154
142
197
82
216
151
139
155
183
146
142
128
79
157
139
141
117
166
148
144
171
84
169
154
137
117
166
151
147
136
83
157
148
131
132
163
139
152
118
78
45
139
140
132
155
156
162
122
81
145
148
138
163
184
147
157
118
74
44
139
150
163
175
163
157
123
77
176
152
133
149
182
159
144
89
74
43
136
142
149
171
166
147
110
76
172
145
137
147
182
159
146
96
79
50
144
146
147
180
159
159
121
78
171
151
134
119
169
148
133
98
80
157
145
137
119
173
148
151
111
79
184
147
144
155
183
154
121
94
76
267
146
142
155
185
148
138
104
76
184
145
142
141
170
151
143
87
73
286
146
137
141
173
145
140
107
74
184
142
140
115
165
153
202
87
71
311
145
134
115
170
152
168
107
71
194
143
148
146
177
160
175
87
73
284
150
143
146
184
152
162
92
73
190
149
2, 183
123
49
21, 255
12, 610
7,853
1, 843
92
32
30, 614
18, 720
8,958
11,881
86
10, 013
32, 861
23, 444
6, 231
16, 416
91
14, 383
24, 418
19, 733
3,397
3, 584
134
507
19, 920
14, 197
5,200
3,300
224
85
30, 899
20, 925
9,337
2,714
50
116
35, 943
24, 178
10, 713
12, 125
120
9, 456
20, 150
15, 165
4,583
5,243
2,029
27
14, 779
4, 292
10, 247
11, 333
5, 904
1,390
14, 969
5, 127
9,357
30, 651
613
25, 874
15. 697
9, 592
5,331
2,391
175
127
31,766
16, 336
14, 566
402
623
361
798
709, 938
566, 968
89, 345
558, 424
658, 160
522, 806
85,510
536, 081
637, 241
493, 531
92, 716
549, 828
685, 541
551, 050
82, 450
538, 968
635, 940
518,615
70, 766
509, 380
717, 826
592, 186
71,411
549, 368
689, 456
564, 807
70, 414
543, 301
724. 432
591, 687
77, 349
557,318
696, 909
556, 889
84, 787
550, 057
705, 361
557, 881
93, 642
555, 362
745, 258
596, 592
94, 001
565, 606
63, 241
67, 362
39, 070
66, 395
85, 119
57, 280
58, 005
64, 074
38, OG6
* 15, 581
102, 995
88, 775
88, 855
57, 718
28, 822
83, 415
43, 146
14, 382
95, 676
72, 782
43, 147
87, 745
58, 410
32, 580
91, 385
75, 729
46, 360
86, 651
60, 201
38, 402
89, 041
60, 958
37, 025
98, 827
80, 825
672.8
528. 5
95.7
604. 6
68.2
36.5
663.1
521.8
91.3
606.0
57.1
24.8
663. 0
524.3
89.4
601. 2
61.8
29.4
658. 1
520. 5
91. 0
523. 0
135.1
98.0
698.3
559.0
86.0
623. 8
74.5
41.8
696.4
5G4.8
78.4
630.9
65.4
32.7
723.0
594.6
72.2
641.8
81.1
48.1
684. 9
555.8
72.9
637.4
47.6
15.2
698.0
565. ?
78.2
633. 2
64.8
32.1
731.0
593. 4
81.9
649.2
81.8
-"48.9
682. 7
543.5
85.9
634. 5
48.2
15.3
56, 399
.975
4,9^7
60, 848
.988
4, 466
54, 873
1.007
4, 267
52, 712
.997
4,543
57,019
1. 034
4,120
51, 833
1.070
3,486
59, 485
1.055
3,529
53, 935
1.115
3,489
60, 009
1. 055
3,729
56, 646
1.043
4,096
54, 664
1. 094
4,413
Express Operations
26 134
Opcratin 0 " revenue
thous of dol
69
Operating income __
do
Local Transit Lines
7. 9722
Fares averse cash rate
cents
' 1, 559
Passengers carried! millions _
115, 700
Operating revenues!
thous. of dol
Class I Steam Railways
Freight carloadings (A. A. R.):®
Total cars
thousands
4,478
925
Coal
_ _
_ _
do _
70
Coke
_-_
do
254
Forest products
do
255
Grains and grain products
do _._
Livestock
do
80
'610
Merchandise, 1. c. 1
-do _
347
Ore
do
' 1, 938
Miscellaneous
do
Freight carloadings (Federal Reserve indexes):
145
Combined index, unadjusted
1935-39=100..
152
Coal
_
___do
177
Coke
do
165
' Forest products
_- - -do
142
Grains and grain products
do
Livestock
do
113
Merchandise, 1. c. 1
-do _
243
Ore
do
146
Miscellaneous
_ _ _ _do _
141
Combined index, adjustedf __
-do _
152
Coalf
do
184
Cokef
do
157
Forest products
do
131
Grains and grain products!
do
118
Livestock!
do _.
77
Merchandise 1 c 1
do
162
Orcf
do
145
"Miscellaneous!
do
Freight-car surplus and shortage, daily average:
2, 734
Car surplus!*
- number
331
Box cars
do
129
Coal cars
do _
23, 540
Car shortage*
do
14,
234
13 ox cars
do
8,239
Coal cars
-do
Financial operations (unadjusted):
Operating revenues, total
thous. of dol_. ' 710, 292
* 546, 190
Freight
do
' 112, 117
Passenger
do
' 555, 903
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of dol__ " 72, 533
' 81, 856
Net railway operating income _ _ _ _ ._ do
52, 544
Net incomet
do
Financial operations, adjusted:!
664. 3
Operating revenues, total
mil. of dol_.
512. 6
Freight
do
a
100.0
Pa^sen er
do
613 3
51.0
Net railway operating income
do
18.4
Net income
-do
Operating results:
59, 466
Freight carried 1 mile
mil. of tons
.979
Revenue per ton-mile
cents
5,712
Passengers carried 1 mile
millions. _
660,
515,
95,
529,
f Revised. d Deficit. ® Data for August and November 1946, March, May, and August 1947 are for 5 weeks; other months, 4 weeks.
ly 1946, $33,081,000.
i Data continue series published in the 1942 Supplement; data for December 19-U-February 1945 will be published later, t Revised data for Jul
egarding car surf
financial operations are available on request.
SURVEY OF CUEEENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-23
1947
1946
August
September
October
November
December
January
February
March
April
May
July
June
August
TRANSPORTATION AND COMMUNICATIONS—Continued
TRAN SPOKTATION —Continued
Waterway Traffic
Clearances, vessels in foreign trade: §
Total, U. S. ports
thous. net tons__
Foreign
- -do __
United States
do.. ._
Travel
Hotels:
Avenge sale per occupied room
dollars _
Rooms occupied
- - - .percent of total _
Restaurant sales index avg. same mo. 1929= 100_.
Foreign travel:
IT S citizens arrivals
_ number _
U* S(r citi/ens, departures
_ _ -- _ _ -do
Fmi ruits
- -- -- do _ _
Immu^'ants
_ _ _
- do
Passports issued
- do
Nitiom1! parks visitors
thousandsPullman Co.:
.
Revenue passenger-miles
- millions _
Passenger revenues
thous .of doL_
8,025
3,323
4,701
6,220
2,775
3,445
4,986
2, 959
2,027
6,843
2,729
4,114
5,768
2,009
3,759
6,222
2, 378
3, 844
6,296
2,455
3,841
6,870
2, 753
4,116
7,615
3,291
4,324
9,646
4, 357
5,278
8,725
3.980
4,746
8, 953
3, 945
5,008
4.45
96
254
4.33
9*
236
4.36
95
226
4.44
90
241
4.16
84
208
4.25
90
229
4.37
92
213
4.37
92
214
4.86
92
240
4.46
92
244
4.75
93
248
4.70
87
225
5.16
93
246
33, 387
34, 281
1,884
10, 988
18, 505
1,153
34, 409
27, 953
1, 764
10, 869
14, 536
696
29, 639
24, 755
872
9, 563
14, 470
272
29, 597
31, 178
3, 090
9,739
13, 500
118
30, 923
37, 782
2,848
11,218
14, 186
87
38, 660
37, 602
851
14, 080
17, 989
97
18, 468
122
20, 294
137
20, 166
206
20, 952
442
21,831
902
19,611
1,467
15, 277
1,502
1, 500
9, 903
1,409
9,4oS
1, 165
8, 429
1,149
9, 059
1,378
10, 214
1, 161
8, 677
1,180
8,857
1,064
8,094
1,061
8,018
1,215
9,193
1,139
8,558
194, 230
103, 726
75, 726
152, 346
20, 846
27, 908
191, 642
105, 054
71,612
147, 636
21, 171
28, 156
200, 127
108, 872
75, 978
154, 864
22,391
28, 463
196, 489
107, 775
73, 343
151, 471
22, 504
28, 754
203, 627
110, 477
77, 363
159. 272
23, 878
29, 067
203, 553
111,649
76, 009
157, *64
20, 455
29, 249
197, 097
109, 982
71,051
149, 048
22, 068
29, 564
207, 168
112,806
78, 111
157, 198
23, 625
29, 874
153, 955
97, 324
40, 735
132, 475
5, 792
30, 359
184, 948
103,818
61, 629
154, 400
11, 497
30, 057
205, 193
113,371
75, 477
165, 551
17,914
30, 292
17, 573
16, 437
16, 568
15, 372
17, 590
16, 275
16, 653
15, 380
17, 948
16, 553
17, 688
16, 330
16, 233
14, 984
17, 530
16, 134
23, 264
21, 892
20, 740
19, 399
18, 981
17, 662
18, 449
17,019
594
1,136
19, 838
d 4, 621
d 3, 089
1,667
610
1,196
15, 453
d865
620
1,315
15, 673
595
1,273
14, 466
6
A 81
1,607
717
1, 395
15, 549
698
320
1, 990
599
1,358
14, 863
590
138
1,714
534
1, 249
13, 503
520
68
1, 612
571
1,396
14, 298
1, 093
873
1,775
534
1,372
16, 644
4,399
2,676
1,609
611
1,341
16, 387
2,140
1,032
1, 637
574
1, 320
15,347
1, 541
1, 335
1,617
599
1, 430
16, 010
291
41
1, 609
1,637
10, 470 •
COMMUNICATIONS
Telephone carriers :1
Operating revenues
thous. of dol_ Station revenues
do_
0
Tolls incssa
'^
- do. __
0
OpfTitin ' expenses
-_
do__ _
N et operitin51" income
do_
Phones in service end of month _ thousands _
Telegraph and cable carriers :J
Operating revenues, total. _ _ _ _ .thous. of dol_.
Tele°raph carriers, total
__
do _ _
Western Union Telegraph Co., revenues from
c"ble operations
- thous. of dol _
Cable carriers
- -- do
Operating expenses
do
Isret operating revenues
_
_
do
Net income trans to earned surplus
do
-Radiotelegraph carriers, operating revenues, -do
d 1,193
1,517
d%89
*514
1,641
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:*
Ammonia, synthetic anhydrous (100% NIP)^
75, 794
short tons..
Calcium arsenate [100% Ca3(AsO4)2"J.thous.oflb__
8,081
Calcium carbide (100% CaCz)
short tons..
53, 399
Carbon 71 dioxide, liquid, gas and solid (100%
96, 571
CO2)d
thous. of lb
102, 550
Chlorine
short tons
Hydrochloric acid (100% HC1).
do __
29, 519
Le^xl arsenate
thous. of lb
253
Nitric acid (100% HNOs)^
short tons
59, 144
1 008
Oxygen
mil cu. ft
74, 574
Phosphoric acid (50% HsPOO
short tons..
Soda ash, ammonia-soda process (98-100% Na2
364, 178
COs)
short tons
Sodium bichromate
do
7, 254
Sodium hydroxide (100% NaOH). _ .
do ... 163,615
Sodium silicate, soluble silicate glass (anhydrous) cf
short tons _ _ 36, 915
Sodium sulfate, Glauber's salt and crude salt
56, 988
cake
short tons
Sulphuric acid (100% H 2 SO4):
Price, wholesale, 66°, tanker at works §
dol. per short ton,.
16.50
Production. _
_ _
short tons
753, 817
Organic chemicals:
Acetic acid (syn. and natural), production *
26, 935
thous of lb
Acetic anhydride, production*
do
39, 954
Ao'tvl salicvlic acid (uspirin) production* do
460
Alcohol, denatured:§
Consumption (withdrawals). thous. of wine gaL _ rr 17, 526
15, 960
Production
do
8,082
Stocks
__
_ _
do Alcohol, ethyl: §
r
Production
thous. of proof gal
20, 091
Stocks total
do
86 474
31 788
54, 686
In denaturing plants
do
Withdrawn for denaturing
do
29, 267
5 733
Withdrawn tax-paid
do
Creosote oil production*
thous of gal
12, 136
2, 339
Crcsylic acid, refined, production*- -thous. of l b _ _
8,122
Ethvl acetate (85%) production*
do
77, 492
2,608
53, 940
80, 829
1,916
57, 074
80, 380
1,330
55, 312
82, 123
754
51, 830
85, 121
1,765
50, 675
85, 663
1,543
45,411
95, 859
1,221
52, 466
93, 007
2,320
51,830
97, 107
5,492
56, 286
91,681
8,805
48, 136
93, 345
10, 458
53, 388
88, 807
4,825
50, 827
78 786
104, 206
29, 789
1,624
54, 136
997
73, 795
74 890
108, 174
32, 394
2 259
61, 686
1 062
80, 673
62 048
97, 135
30, 150
2,865
63, 277
1 006
82, 020
56 787
102, 628
30, 714
3 726
62, 460
1 028
79, 788
60 491
110, 088
35, 144
4 923
64, 138
1 101
78, 892
49, 858
101,717
33, 966
3,691
62, 193
1 010
74, 926
62, 449
117, 039
36, 993
4,481
64, 647
1,218
89, 050
81, 330
109, 050
34, 637
5,470
64, 288
1, 146
82, 452
96, 487
118, 284
36, 899
3,717
64, 826
1,188
82, 372
96, 700
117, 486
33, 071
1,289
62, 064
1,089
89, 492
110, 228
114,676
33, 577
447
60. 227
1,066
' 86, 920
107, 646
118,497
34, 599
358, 628
6, 601
164, 652
382, 026
7,066
168, 708
368, 302
7,176
153, 275
385, 369
6, 665
165, 186
380, 589
6,979
173, 449
350, 634
5,954
1^6,786
383, 753
7,129
179, 400
367, 847
7,089
166, 946
396, 282
7,474
179, 142
374, 083
7, 426
175, 896
377, 976
7,331
175, 523
363, 890
7,219
177,310
34, 714
41, 188
34, 442
32, 479
39,991
35, 884
42, 120
50, 267
39, 726
32, 814
r 36, 584
33, 963
57, 346
63, 683
52, 494
64, 878
66, 275
63, 208
70, 059
69, 947
74, 505
69, 579
r 64, 996
65, 942
16.50
755, 378
16.50
822, 833
16.50
838, 040
16.50
878, 078
16. 50
888, 912
16. 50
835, 163
16.50
931, 237
16. 50
865, 447
16. 50
888, 304
16. 50
850, 934
16.50
846, 366
16. 50
859, 262
24, 464
41, 209
574
27, 662
46, 376
710
27,718
45, 033
1 010
31,725
48, 703
965
35, 152
49, 157
925
30, 670
45, 662
1 024
33, 620
54, 206
832
30, 376
53, 086
1 043
33, 876
54, 249
1, 053
31,729
41, 433
1 155
35,416
52, 910
998
18, 946
16,019
5,131
21,291
18,913
2,744
19, 744
19, 625
2,633
17,416
17,014
2,200
14, 636
14, 670
2,211
12,361
11,605
1,423
12, 594
12, 683
1,520
13, 469
13, 673
1,712
14,077
13, 892
1,524
13,677
14,150
1,981
15, 061
14, 605
1, 529
16, 426
16, 469
17, 796
72 368
28 779
43, 589
29, 274
4 364
12, 744
2,284
7,334
18, 743
58 189
29 512
28, 676
34, 938
5 284
13, 570
2,456
8,745
18, 025
42 351
26 751
15, 600
36, 086
5,202
13,027
2,100
10, 170
20, 518
32 800
25 745
7, 054
31, 200
3,910
13, 481
1,817
9,602
22, 398
30 226
22 939
7,288
27, 775
4,350
14, 038
2, 094
10, 185
18, 986
30, 954
21 573
9, 381
21, 409
3,260
14, 580
2,142
7,084
19, 456
28, 891
22 676
6,215
23, 622
3,175
14, 696
2, 234
7,902
23, 556
26, 853
24 800
2, 053
25, 226
2,555
14, 271
2,436
5,984
28, 082
29, 341
27, 472
1,869
25, 675
2,170
13, 454
2, 196
6,088
23, 792
27, 035
25, 341
1,694
26, 059
2,377
12, 779
1, 909
6,826
26, 833
27, 764
25 699
2, 065
27, 359
2, 768
11,620
2, 329
5,585
29, 226
r
r
60, 387
1, 104
88, 083
1, 5GO
28, 637
26, 928
1, 709
30, 303
2, 696
'Revised. ^Deficit. IData relate to continental United States.
^Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and. reference to revised 1942 data. Total operating revenues of telegraph carriers includes and operating revenues
of cable carriers excludes cable operations of Western Union; the latter data were revised in May 1947 Survey (see note in that issue).
cf Data for carbon dioxide and bouium silicate were revised in the March 1945 and the September Survey, respectively (see notes in those issues). See note in February 1947 Survey with regard to additional plants included in the data for nitric acid and ammonia.
§The indicated series, except series for alcohol stocks in denaturing plants (available only beginning 1942), continue data in the 1942 Supplement; unpublished data beginning 1941 or 1942
through February 1945 for ethyl alcohol and vessel clearances and for June 1944-July 1946 for prices of sulfuric acid will be shown later.
*N~ew series. See note marked "*" on p. S-23 of the September 1947 Survey for reference to data prior to 1943 for a number of the chemical series and information regarding revisions that
have not been published.
SURVEY OF CUEEENT BUSINESS
S-24
October 1&47
1946
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
August
September
October
1947
November
December
January
February
March
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS— Continued
CH EMIC A L S— Con tinued
Organic chemicals— Continued.
Glycerin, refined (100% basis):*
High gravity and yellow distilled:
Consumption
thous. of lb_Production
_
do
Stocks
do
Chemically pure:
Consumption
do
Production
-- do
Stocks
do
Methanol, production :d*
Crude (80%)
_ .thous. of gal..
Synthetic (100%)
do
Phthalic anhydride, production*
thous. of lb_.
6,286
5,211
13, 234
6,089
4,621
12, 805
5,395
4,638
12, 207
5,244
5,832
12, 709
5,978
7,431
15, 163
7,022
7,386
14, 102
6,800
8. 234
15 340
7,407
8,746
17, 544
8,127
7, 651
18, 135
7,428
6,606
19 151
6,617
6,965
19 843
6,509
5 483
18 848
6, 761
7 250
18 869
5, 745
6,864
22, 017
4,924
6,594
22, 539
5,820
6, 136
21, 130
5,263
5,126
18, 054
5,791
6,042
18, 392
6, 963
7,662
17, 941
6,138
8,573
18, 106
6, 555
8,450
18, 875
6, 139
8, 531
19 137
5 957
9,181
20 789
5 871
7 980
20 723
5 650
6 200
20 171
6 358
7 998
20 396
234
6,823
8,467
218
6,592
9,334
264
6,593
9,276
250
6,674
11, 246
221
6,505
10, 994
276
7,145
11, 687
230
6,681
10, 847
244
6,991
11, 690
284
6 206
9,605
286
6 830
10, 526
221
6 551
11 764
220
6 779
12,871
250
367
144
223
101, 539
13, 170
80, 474
776
58, 345
51, 891
13, 521
3,040
0
559
158
401
80, 862
7,388
63, 394
809
69, 266
63, 877
11,716
1,463
0
584
63
522
95, 796
2,871
86, 791
253
80, 941
67, 573
26, 929
7,809
0
529
82
448
83, 544
3,430
70, 254
2,125
64, 434
55, 712
23, 141
3,446
0
928
195
734
104, 336
5,577
83, 752
4,720
39, 928
25, 096
1, 327
6, 835
18
1,459
239
1,220
89, 474
10, 854
64, 147
1,914
50, 020
40, 728
10, 029
404
0
1,225
182
1,042
98, 945
21,616
66, 401
2,448
51, 943
40, 851
9,358
3, 759
0
1,120
160
960
92, 213
20, 851
58, 802
1,449
116,166
103, 704
65, 886
3,579
897
954
166
788
132, 895
30, 226
89, 765
987
145, 266
117,102
71, 738
4,346
13, 301
644
138
505
141, 788
36 037
94, 580
636
138 060
108 988
80 555
4 696
11,250
340
80
260
112 792
417
207
209
115 867
22 575
81 082
1 661
82 474
75 912
41 693
38
2 232
434
156
278
1.925
72, 345
1. 925
69, 690
1.925
70, 263
1.925
72, 770
1. 925
81,044
2.045
98, 555
2. 075
77, 839
2.075
95, 229
2.075
84, 207
2.075
73 802
2.075
83 121
2.075
2.195
701, 522
720, 517
721, 475
709, 781
754, 215
667, 912
750, 940
736, 357
783, 275
796, 677
830, 752
815,611
824, 578
750, 550
888, 875
645, 412
863, 787
608 409
892, 045
681, 235
802, 128
855 352
801 835
903 380
6.76
7.40
489, 676
390, 781
7.80
7.83
8.07
462, 007
398, 102
8.68
9.61
9.65
351, 875
222, 701
9.24
7.34
7.58
527 335
943' 086
6.83
6.76
.84
1.00
167, 933
90, 167
1.05
1.30
1.24
143, 055
101, 295
1.21
1.15
1.00
113, 520
98, 205
.85
.59
.61
176 0^0
147 693
.59
.59
47, 327
50, 307
51, 187
45, 300
45, 147
47, 092
45, 017
46, 444
46, 038
51, 296
51, 048
47, 134
53, 275
3,142
2,166
4,958
2,180
2,947
1,900
4,726
2,315
3,202
1,652
3, 864
1,743
3,311
2,055
3,999
1,824
3,656
2,259
4, 857
2,299
3,858
2,508
5,548
2, 878
3,793
2,407
5,789
2, 866
3,954
2,237
6,078
2,988
3,700
2,405
6,369
2,922
4 117
3,028
6,488
3,059
3 847
2 901
6,374
2,787
3 159
2 313
6 338
2,453
3 368
2,738
6, 042
2,430
FERTILIZERS
Consumption, total*
thous. of short tons-.
Midwest States*
do
Southern States0
do
Exports total§
_
long tons__
Nitrogenous§
do
Phosphate materials §
_ do
Prepared fertilizers!
do
Imports total!
_ _
do
Nitrogenous total!
do
Nitrate of soda!
do _ _ _
Phosphates!
~_.do __
Potash§
--- do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses©
dol. per 100 lb__
Potash deliveries
short tons.
Superphosphate (bulk):f
Production
do
Stocks end of month
do
r
r
r 10 9^6
r 85 138
2
117
107
80
718
760
484
786
40 482
NAVAL STORES
Eosin (gum and wood) :
Price, gum, wholesale "H" (Sav.)» bulk
dol. per 100 Ib..
Production*
drums (520 Ib.)
Stocks*
do
Turpentine (gum and wood) :
Price, gum, wholesale (Savannah) t— dol. per gaL_
Production*
bbl (50 gal )
Stocks*
do
MISCELLANEOUS
Explosives (industrial), shipments
Gelatin:§
Production total*
Edible! '
Stocks total*
Edible!
Sulfur:*
Production
Stocks
Glue, animal:*
Production
Stocks
Bone black:*
Production
Stocks
-
thous. of Ib—
_
do
do _
do .._
do
333, 041
335, 300
355, 179
321,415
298, 565
350, 307
351,028
333, 531
391, 396
long tons. - 356, 355
377, 218
359 313
382 674
3, 850, 958 3, 881, 397 3, 983, 973 3, 874, 808 3, 769, 368 3, 704, 059 3, 667, 729 3, 636, 884 3, 548, 703. 3, 495, Oil 3, 456, 082 3, 438 367 3, 444, 607
do
thous. of lb_.
-.do -.
10, 937
8,620
8, 774
8, 19G
10, 824
9, 978
12, 214
10, 633
11, 780
10, 616
13, 939
10, 272
12,886
9. 398
12, 538
9,059
14, 226
9,155
13, 770
8,643
short tons
do
1,116
1,781
1,417
1,745
1,169
2,043
955
1, 625
956
1,349
1,023
1, 565
928
1, 463
1,069
1, 456
596
959
847
979
12, 843
8,950
(i)
(i)
r
12, 158
8, 757
11, 604
7,749
1, 048
1, 008
1, 065
1,030
r
OIL SEEDS, OILS, FATS AND
BYPRODUCTS
Animal, including fish oil:
Animal fatst
86, 595
73, 125
144, 102
97, 477
129,026
95, 743
116, 785
140, 495
119, 584
127, 22S
105, 542
105, 301
Consumption, factory
thous. of lb_
99, 329
135, 936
61, 731
260, 976
303, 997
242, 506
262, 265
221, 840
194,810
230, 470
208, 609
262, 265
255, 713
238, 814
Production
do
145, 205
135, 550
179, 567
286, 602
232, 347
307, 623
307, 692
339, 877
171, 286
400, 170
389, 074
428, 604
444 602
Stocks end of month
do
Greases:
39, 550
42, 106
39, 291
48, 688
45, 864
45, 73G
42, 572
43, 658
46. 764
45, 003
43, 939
37, 746
41, 226
Consumption factory
do
52, 591
44, 586
44, 434
36, 666
46, COO
47, 484
43, 879
27, 698
15, 637
46, 735
48. 613
46, 61 1
48, 260
Production
-do
72, 871
64, 305
92, 241
78, 390
63, 173
64, 907
106, 382
63, 123
67. 138
69, 983
84, 829
101, 964
98, 827
Stocks end of month
do
Fish oils:!
15, 465
17, 028
18, 976
18, 374
18, 509
18, 772
20, 290
20, 365
12, 150
15, 647
14, 135
11,475
16,478
Consumption, factory
do
10,812
1, 646
21, 109
21, 540
18, 726
1, 260
777
7,867
1,577
24, 870
21, 739
1,301
10, 927
Production
_do __
121, 676
114, 682
116, 786
102, 400
79, 211
86, 445
107, 320
93, 304
108, 211
66, 335
65, 152
59, 041
57, 728
Stocks end of month
do
Vegetable oils, total:
412
294
264
255
368
416
431
418
417
39c
294
297
333
Consumption crude factory
mil. of Ib
5, 634
7,291
8,361
7,660
10, 015
14,561
27, 090
7,011
16, 817
14, 538
25 855
Exports!
thous of Ib
13 643
12, 001
31, 942
32, 697
25, 1C7
33, 973
46, 545
20, 669
17, 863
51,817
36, 677
54, 057
52, 306
Imports total!
do
6, 232
21,112
19, 365
27, 274
21, 737
11, 085
41, 904
31, 314
28, 343
43, 672
18, 208
37, 754
Paint oils§
do
5,742
5,769
12, 861
4, 668
15, 231
10, 960
8,461
6,778
9,913
8,333
10, 385
14, 553
\11 other vegetable oils§
do
248
279
443
392
382
390
409
255
403
278
356
283
Production
mil. of Ib
313
Stocks, end of month:
504
534
582
515
521
519
550
556
579
586
499
538
557
Crude
__do
292
321
262
279
304
392
359
250
311
267
247
353
••385
Refined _ _
—
do _ _ .
f Revised, i Not available, cf See note in the April 1946 Survey with regard to difference between these series and similar data published in the 1942 Supplement to the Survey.
© Excludes data for Mississippi, which has discontinued monthly reports, beginning in the October 1946 Survey.
! The indicated series continue data published in the 1942 Supplement; unpublished data beginning 1941 or 1942 through February 1945, and also corrected data for 1937-July 1945 for nitrogeneous and total fertilizer imports, will be published later.
O For a brief description of this series see note in April 1946 Survey, t Revisions for 1941-43 are available upon request.
* New series. For source and description of data for glycerin see p. S-23 of November 1944 Survey and for turpentine and rosin, p. S-24 of the May 1946 issue. Data for 1933-45 for fertilizer
consumption by midwestern States and the total (compiled by the National Fertilizer Association), for 1942-Febmary 1945 for the new series on gelatin, and data prior to August 1946 for bone
black and glue will be published later; data for gelatin, bone black and glue are compiled by the Bureau of the Census and are complete or practically complete. Data for 1940-43 for sulfur are
on p. 24 of the May 1946 Survey. See note marked "*" on p. S-23 of the September 1947 Survey for reference to data for phthalic anhydride.
t Revised series. See note in the November 1943 Survey explaining a change in the superphosphate data and note in September 1947 Survey regarding a company included beginning
January 1946. See note on p. S-23 of the November 1943 Survey regarding change in the turpentine price series.
SURVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-25
1947
1946
August
September
Octo-
Novem-
ber
ber
Decem-
ber
Janu-
ary
Febru-
ary
March
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
OIL SEEDS, OILS, FATS, AND
BYPRODUCTS— Continued
Copra:
Consumption, factory §
short tons
31, 294
Imports§
_
_ -do
36, 975
Stocks end of month §
do
48, 551
Coconut or copra oil:
Consumption, factory:*
30, 709
Crude
.thous. of l b _ _
Refined
_
do
16. 055
Imports §
do
945
Production:
39, 614
Crude*
_
-do
Refined
do
16, 603
Stocks, end of month: *
Crude
. do _ _ 100, 880
Refined
.
do
7,780
Cottonseed:
r
Consumption (crush)
thous of short tons
88
r
Receipts at mills
do
108
r
Stocks at mills, end of month
_ -do
138
Cottonseed cake and meal:
Production
short tons.. r' 37, 831
25 625
Stocks at mills end of month
do
Cottonseed oil, crude:
r
Production
thous. of Ib
25
902
r
Stocks end of month
do
27, 019
Cottonseed oil, refined:
Consumption factory*
-- -do
82 163
In oleomargarine
do
16 501
Price, wholesale, summer, yellow, prime (N. Y.)
2
dol. per l b _ _
T ( )
Production
thous. of Ib
24 288
r
Stocks, end of month
do
199, 001
Flaxseed:
Imports§
thous. of b u _ _
377
Duluth:
Receipts
.
do
210
Shipments
_
_
do
133
Stocks
do
194
Minneapolis:
Receipts
- -do _ .
2,725
Shipments
do__ _
481
Stocks
do
1 202
Oil mills:*
Consumption
do
2 789
Stocks, end of month
do
3,309
Price, wholesale, No. 1 (Minneapolis) dol. per b u ^ _
3.95
Production (crop estimate)
thous. of bu
Linseed cake and meal:
Shipments from Minneapolis
thous. of l b _ _
41, 700
Linseed oil:
Consumption factory*
do
46 652
Price, wholesale (N. Y.)
dol. perlb-.
.168
Production*
thous. of Ib
57 290
Shipments from Minneapolis
do
22, 980
Stocks at factory, end of month do..
128, 814
Soy beans:
Consumption factory*
thous. of bu
11 955
Production (crop estimate)--. __ . _ _ _ . -do _
Stocks, end of month _
do
9,176
Soybean oil:
Consumption, factory, refined*
thous. of lb._
98, 870
Price, wholesale, edible (N. Y.)cf
dol. per lb_.182
Production:*
Crude
thous. of Ib
107 441
Refined
do
106, 081
Stocks, end of month:*
Crude
do
131, 659
Refined.
_ _
do
90, 535
Oleomargarine:
Consumption (tax-paid withdrawals)*
do .
40, 781
Price, wholesale, standard, uncolored, (Chicago)
dol. per l b _ _
(2)
Production*
thous. of Ib
43 402
Shortenings and compounds:
Production
do
134 921
Stocks, end of month
.
...
do .
42, 503
Vegetable price, wholesale, tierces (Chi)
dol. per lb-_
(2)
37, 510
35, 960
38, 662
36, 278
27, 381
12, 964
15, 949
43, 495
33, 074
44, 125
93, 768
58, 654
56, 069
74, 963
89, 781
51, 352
51, 285
71, 902
59, 163
72, 319
72, 777
59, 214
61, 925
77, 541
53, 347
61,004
59, 714
52, 368
51, 346
44, 320
45, 330
18, 644
42, 300
40,731
42, 707
20, 437
49, 747
27, 724
38, 577
17, 236
44, 655
16, 438
0
62, 871
26, 648
1,088
64, 270
29,822
1,822
74, 349
31,217
5,549
72, 406
31, 057
813
70, 349
29, 103
2,394
61, 636
27, 664
3,225
62, 008
23. 784
1,767
69, 608
32, 977
47, 417
22, 815
45, 306
26, 614
18, 827
16, 305
54, 830
19, 505
68, 683
30,909
63, 024
32, 749
73, 902
36, 581
74, 043
35, 720
68, 398
33, 020
66, 074
28, 611
57, 902
30, 466
51,902
34, 228
105, 974
10, 541
95, 441
8,607
77, 793
9,622
90, 965
9,797
87, 005
12, 376
97, 177
13, 935
115, 722
13, 228
130,011
14, 267
138, 489
19, 088
134, 949
12, 998
127,927
14,412
105, 978
10, 737
227
446
359
1,070
914
525
703
397
338
1,091
1,032
412
151
771
300
104
575
211
35
399
164
21
256
105
13
164
69
13
107
73
64
98
102
167
163
98, 629
52, 276
228, 936
58, 277
232, 892
80, 913
176, 065
119, 928
181, 204
158, 905
132, 015
158, 675
92, 738
126 818
71, 216
125, 477
45, 904
116, 987
30, 449
87, 614
33, 648
46, 916
47, 068
26 416
69, 807
63, 245
160 Oil
93, 603
164 961
101, 983
124, 786
98, 093
129 368
105, 959
93, 5C4
86, 564
68, 248
72, 088
53, 475
51, 591
35, 115
33, 593
23, 286
20, 144
24 035
14, 967
31 109
19, 209
61. 321
13, 461
93,543
22 832
129, 160
27 101
113, 769
25 279
108, 240
30 116
81, 664
28, 008
73, 351
24 474
53. 077
14 485
35, 140
12, 981
44, 687
16, 407
56, 312
19 906
74, 243
(2)
26, 591
157, 322
.268
116, 300
165, 771
.262
138, 120
165, 735
.280
126, 973
171, 157
.302
113,015
170, 239
.350
103, 872
182, 808
.389
83, 789
191, 326
.314
71, 126
207, 411
.256
48, 730
217, 204
.241
35, 750
2C3, 856
.234
26, 287
171, 342
.179
24, 913
116, 709
(i)
121
515
380
26 861
97
9
48
20
12
14
18
19
17
77
106
883
629
448
591
387
652
1,938
1, 396
1,194
211
27
2
307
40
69
303
35
69
270
7
39
238
10
83
145
7
74
78
2
72
8
12
0
20
3,174
2,752
3,219
3,967
1,877
1,941
3,905
2,343
3,644
4.00
2,150
3,488
5.22
2,284
2,849
7.26
27, 840
34, 020
43, 227
.178
46, 494
23, 040
128,653
44, 246
.188
42 624
26, 760
126, 136
751
547
1,077
327
479
257
182
146
257
87
2,896
2,280
1,615
1,162
128
202
516
99
82
296
2,125
3,513
311
190
3,889
1,883
3,362
7.27
* 22, 962
1,790
2,024
7.25
1,545
1,415
1,636
1,079
8.51
1,560
1,335
(3)
7.50
6.30
1,687
1,457
6.12
1,641
1,892
6.02
1,325
2,526
6.00
39, 521
37, 200
34, 080
33, 96C
24, 420
28,740
30, 720
26, 760
26,160
29, 580
18, 540
42, 302
.354
44,712
27, 840
136, 550
41, 891
. 358
36 696
21,720
152,069
44, 978
.366
34 823
20, 460
140, 898
41, 575
.378
30, 499
19, 380
136, 681
45, 174
.395
31, 401
23, 460
125, 060
47, «t53
.394
28, 850
25, 380
131, 769
45, 094
. 376
25, 064
19, 620
134, 627
38, 716
.325
32, 057
13, 620
144, 544
40, 030
.302
32, 250
14, 880
157, 724
39, 834
.291
26 527
21,240
132, 682
750
73
532
345
980
855
270
453
5
9 033
10 929
15 054
15 983
16 490
15 914
15, 006
13, 356
13, 613
40, 235
56, 989
15 669
* 196, 725
60, 021
17 115
1,793
56, 104
52, 338
41, 977
41, 680
37, 147
28, C04
19, 124
11,288
181,247
10, 247
89, 810
.155
94, 787
.209
106, 744
.297
95, 542
.320
107, 954
.323
104, 827
.345
113, 782
.tCl
101, 229
.351
71, 687
.268
75, 842
.244
82. 261
.227
98, 077
.209
82, 612
88, 106
98, 841
86, 669
134 303
120, 031
137 262
121, 932
151 554
126, 298
141 115
120, 867
145 013
121, 389
141, 456
115, 877
135, 889
92, 605
122, 436
83, 890
125, 706
98, 720
105, 364
91, 251
116, 522
77, 293
111,756
55, 998
108, 591
52, 604
98, 538
61, 758
97, 712
70, 131
97, 226
76, 995
94, 053
73, 993
89, 302
91, 327
108, 829
114, 604
122, 760
128, 141
r
125, 686
••141,671
105, 839
140, 457
32, 373
51, 428
56, 550
57, 680
66, 262
66, 470
66, 626
39, 376
36, 493
39, 649
47, 448
.195
37 067
.270
60 271
.420
62 966
.412
59 771
.393
67 946
.394
67 755
.424
69 914
.420
46 716
.354
37 730
.330
41 400
.332
48 897
.330
100 740
52, 830
127 694
51, 442
157 006
41, 578
139 760
41, 305
131 754
51,391
129 315
48,311
138 551
51, 184
99 867
66, 178
63 151
49, 995
78, 853
63, 094
79 921
47, 086
98, 978
45, 803
.171
.171
(2)
(2)
(2)
(2)
(2)
73
129
66
135
(2)
(2)
(2)
r
(2)
5
(3)
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 ..
87
135
534
286
68, 482
61, 240
26, 060
35, 180
7,242
64
146
101
186
93
254
89
227
454
217
555
261
420
371
329
286
403
307
352
329
63, 054
55, 773
24, 014
31, 759
7,280
69, 991
63, 156
28, 219
34, 937
6,836
70, 136
62, 483
27, 374
35, 109
7,652
73, 538
66, 131
30, 342
35, 789
7,407
83, 788
74, 210
32, 405
41, 804
9,578
81, 632
73, 273
29, 928
43, 345
8,358
102
292
422
348
92, 111
82, 017
32, 540
49, 477
10, 094
75
235
90
227
82
230
'82
'198
419
334
407
312
449
355
'460
99, 516
89, 296
34, 338
54, 959
10, 220
99, 586
88, 755
32,631
56, 125
10, 831
92, 643
82, 985
31, 754
51, 232
9, 658
•• 86, 806
r 77, 891
'r 30, 035
47, 856
8,915
389
71
259
385
315
84, 951
76, 905
31, 129
45, 776
8,047
r
Revised. 1 Less than 500 pounds. 2 No quotation. 3 NO sales. 4 December 1 estimate. 5 September 1 estimate.
§ Data continue series published in the 1942 Supplement; unpublished data through February 1945 for the indicated series will be shown later.
* Revisions for 1941-42 for coconut or copra oil production and stocks and linseed oil production and for 1941-43 for other indicated series, except oleomargerine, are available on request
gee note marked "§", on p. S-25 of the September 1947 Survey for reference to July 1941-June 1946 revisions for oleomargarine.
cfThis series, compiled by the U. S. Department of Labor, replaces the series for refined oil shown in the 1942 Supplement; earlier data will be published later.
•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.
SURVEY OF CURRENT BUSINESS
S-26
October 1&47
1947
1946
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTIC PRODUCTS
Shipments and consumption:
Cellulose acetate and mixed ester plastics: <8>
Sheets, rods and tubes
thous. of Ib
Molding and extrusion materials
do
Nitrocellulose, sheets, rods, and tubes <g> _ _ _ d o ___
Other cellulose plastics*
do
Phenolic and other tar acid resins*
do
Urea arid melamine resins*
_ _ _ - do
Polystyrene*
do
Vinyl resins*
do _.
Miscellaneous resins*
do
1,509
7,242
1,539
1,118
25,208
6,060
5,724
14, 079
8,143
1,535
7,001
1,515
877
16, 155
3,893
5,346
13, 217
7,653
1,977
7,472
1,697
1,234
18, 174
6,281
9,166
14, 235
8,781
1,073
5, 984
1,233
810
16, 703
6,056
7,216
15, 130
8,289
1,691
7,951
1,506
889
20,500
5,768
8,092
15, 387
7,543
1,920
7,657
1,597
585
26, 981
6,024
7,432
17, 332
8,190
1,481
7,081
1,319
451
23,416
6,658
6,964
13, 623
7,809
1,610
6,461
1,229
318
26, 797
6,401
6,561
16, 998
8,000
1,762
5,357
1,329
331
26, 285
6,285
7,096
16, 316
8, 275
1,689
4,317
1,052
(i)
27, 410
6,102
6,854
13, 126
6,435
1,682
3,735
931
(i)
27, 767
5,645
5,955
11, 546
5,891
1,410
' 2, 779
892
(i)
25, 950
* 5, 536
5,688
11, 573
r
5, 819
1 479
3 409
903
(i)
26 061
5,462
7 075
12,917
5 264
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total*
mil. of kw.-hr__
Industrial establishments*
_ do
By fuels*
do
By water power*
do
Utilities (for public use), totalf
do
By fuels!
do ..
By water powerf __
_ _ ._ .
do
Privately and municipally owned utilities
do....
Other producersf
do
Sales to ultimate customers, total (Edison Electric
Institute)^
nail, of kw.-hr
Residential o r domestic
_ ___. _do_.
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and powerf
do
Large light and powerf
do
Street and highway lighting^.
_
do
Other public authorities!
do
Railways and railroadsf
_
... . do ...
Interdepartmentalf
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous. of dol
23,669
4,155
3,788
366
19, 515
13, 389
6,125
22, 788
3,983
3,674
309
18, 805
13, 169
5,636
24, 430
4,208
3,867
341
20, 222
13, 935
6,287
23, 943
3,994
3,675
319
19, 949
13, 669
6,280
24, 875
4,028
3,672
356
20, 847
14, 269
6,578
25, 957
4,321
3,896
425
21, 636
14, 500
7,136
23, 698
4,083
3,683
399
19, 616
13, 261
6,355
25, 544
4,298
3, 843
455
21, 246
13, 981
7,265
24, 652
4,148
3,711
437
20, 504
13, 216
7,287
25,009
4,203
3,809
424
20, 776
13, 387
7,389
24,469
4,225
3,825
400
20, 244
13, 451
6,793
24, 938
4,156
3,772
383
20, 782
14, 236
6,546
25,969
4 225
3 892
333
21 744
15 690
6 053
16, 783
2,731
16, 123
2,682
17,316
2,906
17, 119
2,830
17, 842
3,005
18, 545
3,092
16, 833
2,783
18, 266
2,980
17, 661
2,843
17, 801
2,975
17, 414
2,829
17, 847
2,935
18,733
3 Oil
16, 474
2,900
548
16, 358
3,018
489
16, 721
3,130
410
16, 933
3,414
328
17, 450
3,739
302
18, 302
4,149
291
17,783
3,960
295
17, 772
3,727
320
17, 665
3,572
421
17, 610
3,437
514
17, 546
3,369
558
2,815
8,953
168
468
572
51
2,825
8,800
184
455
537
50
2,821
9,064
206
471
572
47
2,944
8,908
222
460
609
49
3,018
8,832
236
600
667
55
3,175
9,219
233
511
674
51
3,142
8,988
204
506
643
46
3,026
9,285
200
491
673
50
3,070
9,264
178
494
618
46
2,994
9,375
165
475
604
46
3,060
9,356
154
475
531
44
287, 055
288, 151
292, 697
300, 599
311, 020
326, 460
320, 174
313, 074
310, 762
310, 025
309,631
GASf
Manufactured and mixed gas (quarterly) :
Customers, end of quarter, total
..thousands.
Residential (incl. house-heating)
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft
Residential
. . . do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol
Residential (incl house-heating)
do
Industrial and commercial
do
Natural gas (quarterly) :
Customers, end of quarter, total
thousands
Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers total
mil. of cu. ft
Residential (incl. house-heating)
do
Industrial and commercial
do
Revenue from sales to consnmers total thous . o f dol
Residential (incl. house-heating)
do
Industrial and commercial
do
11,319
10, 616
694
110, 834
70, 113
39, 657
11,411
10, 687
714
146, 400
98, 474
46, 171
11, 224
10, 502
713
198, 580
139, 476
57, 139
107, 835
80, 923
26, 214
130, 155
97, 743
31,345
159, 188
119, 318
38, 714
9,259
8,654
600
465, 984
73, 020
383, 859
131, 165
56, 383
73, 393
9,478
8,812
661
573, 015
161, 021
400, 202
188, 587
101, 256
85, 239
9,739
8,999
734
728, 393
297, 553
422, 052
270, 598
171, 935
96, 797
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors :f
8,342
9,044
6,610
6,890
5,761
7,435
7,983
7,948
7,136
6,836
Production
thous. of bbl
f 6, 794
8,436
3,833
7,939
5,543
8, 842
6,523
6,461
5,965
6,277
7,029
7,511
8,776
7,110
7,228
Tax-paid withdrawals
.
_ do .
f 7, 538
9. 565
9,067
8,175
9,134
9.399
9,538
9,453
r 6, 928
8,309
8,467
9,325
Stocks, end of month
do
7,838
9,050
Distilled spirits:
Apparent consumption for beverage purposesf
14, 871
13, 455
11,392
19, 392
17, 691
19, 933
19, 739
11, 974
12,173
12, 283
thous. of wine gal20, 408
13, 730
817
791
1,447
1,219
725
751
1,125
834
Imports §
thous. of proof gal
1,071
1, 130
1,312
1,611
38,
437
34,
541
31, 802
32, 757
27, 456
14, 187
20, 703
21, 437
16, 416
13, 726
31, 488
Productionf
thous. of tax gal.. ' 15, 561 25, 020
12, 498
12, 734
10, 070
9,804
6,037
13, 184
12, 173
8,650
5,846
7,171
11, 115
5,650
Tax-paid withdrawals!
-...do. . »• 11,549
454, 426
473, 163
419, 350
492, 466
506,031
525, 828
533, 051
420, 947
420, 778
433, 117
516, 738
529, 523
Stocks, end of month f
do
418, 925
Whisky:
582
713
712
969
1,033
873
1,002
Imports §
thous. of proof gal
639
708
1,071
793
833
24, 583
21, 462
19, 272
9,932
7,229
7,838
19, 790
17, 123
14, 099
' 7, 409 8,517
9,257
7,197
Production!
thous. of tax gal
3,372
6,454
5,952
4,640
4,557
4,449
3,183
3,278
2, 975
Tax-paid withdrawals!
do
' 4, 867
5,968
5,816
4,915
449, 351 457, 941
464, 825
Stocks end of month!
do
380, 557
391,613 408, 517 423, 841 437, 770
468, 432
471, 273
' 377, 289 378, 902 380, 295
r
1
Revised.
Not available for publication.
fFor 1943-44 revisions for the indicated series see notes at bottom of pp. S-23 and S-24 of the May 1945 Survey.
<2>Data for sheets, rods and tubes are comparable with similar data in the 1942 Supplement; see note in September 1946 Survey regarding change in data for molding, etc. materials.
*New series. For data for 1939-45 for production of electricity by industrial establishments see p. 32 of the February 1947 Survey. The new series for plastic products are from the Bureau
of the Census and include all known producers; earlier figures and a description of the data will be published later.
!Reyised series. Gas statistics are shown on a revised basis beginning in the December 1946 Survey; see note in that issue. For revised figures for the indicated series on electric power
production, except the series for "other producers," see p. 32 of the February 1947 Survey. See note marked "f" on p. S-26 of the September 1947 Survey for reference to revisions for 1940-45
for consumption of distilled spirits for beverage purposes and for the fiscal years 1941-46 for the other alcoholic beverage series; the note also explains a change in the series for stocks of distilled
spirits; see p. S-23 for tax-paid withdrawals of ethyl alcohol, which are largely for beverage purposes.
SURVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may he found
in the 1942 Supplement to the Survey
S-27
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
ALCOHOLIC BEVERAGES—Continued
Rectified distilled spirits, production, total!
thous. of proof gal__
Whisky
do
Wines and distilling materials:
Sparkling wines:
Imports§
_ thous. of wine gal. Productionf
do
Tax-paid withdrawals!
do
Stocks, end of month f
__.
..-do _ Still wines:
Imports§
do
Production©
do
Tax-paid withdrawals!
_
do
Stocks, end of month f
do
Distilling materials produced at wineriesO-do
r 15, 072
r 12, 185
14, 415
12, 484
16, 202
14, 429
15, 104
13, 462
13, 903
12, 178
13, 829
12, 528
11, 164
10, 170
10, 635
9,621
9,342
8,675
6,691
6, 159
7,004
6,518
7,831
7,012
32
241
194
1,331
39
249
166
1,400
46
251
254
1,389
85
184
230
1,325
84
192
181
1,315
20
192
68
1,429
7
152
49
1,521
9
226
75
1,665
9
221
51
1,826
13
130
62
1,882
12
146
44
1,975
9
74
51
1,990
319
443
51, 133
84, 152
10, 321
12, 065
129, 098
206 301
' 97, 469 144, 854
470
20, 909
11,538
216 770
56, 709
331
3,639
9,878
205 365
9,987
255
1,099
7,392
197, 313
1,743
232
862
5,577
190 155
1,303
265
535
6,634
181 194
3,279
171
466
5,960
174 586
1,580
172
390
5 682
169 984
1,040
129
309
6,249
160 211
661
99
383
6 627
152 534
187
.709
91,815
9 988
.696
110, 485
7,818
.631
116, 530
9 194
.613
146, 455
17 445
.633
.674
157, 120 ' 148, 790
51 625 r 83 286
439
5,009
10, 643
85, 435
16, 186
8,082
7 522
DAIRY PRODUCTS
Butter, creamery:
Price, wholesale, 92-score (N. Y.)J
dol. per lb_.
Production (factory) f
thous. of lb._
Stocks, cold storage, end of monthd"1
do
Cheese:
Imports§
_ _. ___
do
Price, wholesale, American Cheddars (Wisconsin)
dol. per lb-._
Production, total (factory) f
thous of Ib
American whole milk!
do
Stocks, cold storage, end of month cT
do
American whole milk
do
Condensed and evaporated milk:
Exports: §
Condensed
do
Evaporated..
_ ___
__
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
._ dol. per case
Evaporated (unsweetened)
do _ _
Production:
Condensed (sweetened) :
Bulk goods*
.
.
thous. of Ib
Case goods!
do
Evaporated (unsweetened), case goods!-, do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of lb_.
E vapor ated (unsweetened)
do
Fluid milk:
Price, dealers', standard grade
dol. per 100 l b _ _
Production! .
. . mil. o f l b
Utilization in manufactured dairy products!
mil. oflb..
Dried skim milk:
Exports§
thous. of Ib .
Price, wholesale, for human consumption, U. S.
average
dol. per lb.,
Production, total!
thous. of Ib.For human consumption!
__.
do -.
Stocks, manufacturers', end of month, total
thous. of Ib-.
For human consumption
do
.705
117, 669
84, 980
.768
106, 850
73, 931
.840
100, 372
59, 586
.816
82, 392
41, 477
.822
89, 160
27, 874
.666
97, 540
18, 224
2,699
2,652
3,089
1,384
1,304
652
389
.409
105 417
81, 138
160, 272
126 899
.435
92 445
69, 988
157, 180
126, 084
(0
84 720
61, 883
129, 941
101 185
.449
71 127
51, 665
123, 435
92 422
.399
69 214
5M15
123 592
93 873
r.383
74 055
55, 315
114,606
87 459
.370
76 680
58, 540
98 053
74 795
3,066
89, 447
2,955
55, 233
1,979
30, 767
3 634
39, 791
15 580
46, 037
8 911
28 828
7.03
5.32
7.78
5.46
7.92
5.79
8. 25
5.88
8. 25
5.88
98, 221
10, 615
291, 296
69, 685
8, 523
240, 372
52, 989
7,759
194, 974
30 146
6,461
167, 667
10, 826
211,680
12, 547
202, 775
11,377
171, 026
4.21
10, 838
4.43
9,446
4.62
8,989
487
.745
116,920
88 843
455
355
401
459
100 160
77^ 485
93 427
71 757
.338
115 540
9l! 655
113 854
88 737
.298
144 015
us! 455
133 495
106 479
0)
152 125
125, 815
161 363
130 005
.338
T 136 425
' 113, 505
T ig5 202
r 151 gel
4 273
23 324
4 694
25 355
7 275
23 534
7 549
39 517
8 562
42 862
9 201
44 968
8.25
5.86
8 25
5.72
8 28
5.64
8 27
5 42
8 26
5 23
8 26
5 18
8 26
5 19
8 26
5 20
33 956
6,849
183, 929
34 160
7,925
205, 000
38 695
7 200
209, 700
56 340
8 610
269, 000
82 800
11 850
320, 500
111 875
13 000
416^ 200
116 620
12 950
410, 000
76 555
15 0°5
347, 600
31 540
17 150
257, 400
8,701
148, 210
5,230
129, 464
4,923
130, 902
4,346
117, 497
5,450
118, 926
5,279
148, 266
6,387
278, 814
7,196
440, 952
9,477
501, 177
10, 561
471, 600
4.87
8, 297
4.96
8,529
4.94
8,911
4.74
8 491
4.68
9 870
4.63
10 472
4.46
12 260
4.41
12 864
4.48
12 148
4.60
10 644
4,232
0)
. 345
110 26^
89, 675
201 813
168 17*)
4,257
3, 759
3,429
2,845
3,020
••3,294
'3,202
r 3, 955
' 4, 358
••5,509
5,814
5,344
23, 596
11, 683
6,546
14, 728
4,540
9,594
10, 321
7,545
' 16, 274
14, 401
13, 170
9,420
.145
57, 250
56, 043
.147
39, 061
38, 354
.146
29, 283
28, 853
.147
25, 500
25, 091
.145
37, 233
36, 624
.131
47, 000
46, 200
.114
52, 280
51, 230
.100
69, 355
67,200
.100
77, 390
75 040
.094
91, 665
88 200
.096
102, 020
96 730
.095
81, 830
78 500
.097
51, 925
49 450
68, 984
' 67, 454
62, 267
59, 698
46, 885
44, 852
34, 809,
32, 786
39, 543
38, 299
45, 947
45 600
61, 886
61 213
80, 236
79 126
78, 047
76 646
102, 973
100 888
114, 439
110 775
94, 980
91 028
76. 622
74 030
6,333
10, 145
6,998
11, 992
31, 973
11, 105
7,014
33, 413
15, 645
2 119, 410
6,767
27, 344
19, 802
5,894
19, 379
21 234
5 222
r 12. 944
17 032
3 625
7,593
11 391
2 347
3,954
18 216
1 687
1,544
17 774
627
329
13 857
T i 428
'219
9 429
3 113 079
778
237
9 027
501, 914
510, 257
497, 802
470, 710
439, 226
403, 664
367, 013
319, 718
327, 700
332, 345 ' 374, 363
317, 691
351, 273
351, 474
333, 084
320, 307
296 588
276 099
247 795
230 827
251 687
409, 763
330,053
2.495
2 475, 969
17 251
2.538
2.638
3.006
3.490
3.812
4.106
0)
20 798
21 830
30 138
26 782
23 713
25 272
T 22 313
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
1,365
Shipments, carlot
_ _
no. of carloads513
Stocks, cold storage, end of month. -thous. of bu._
7,739
Citrus fruits, carlot shipments
..no. of carloads
Frozen fruits, stocks, cold storage, end of month
thous. of lb._ 459, 581
Frozen vegetables, stocks, cold storage, end of
month
.
-thous. oflb
284, 809
Potatoes, white:
3.012
Price, wholesale (N. Y.)-. -dol. per 100 lb._
Production (crop estimate)!
._ thous. of bu
21 658
Shipments, carlot
no. of carloads
3.188
2.515
2.312
21 601
25 389
21 976
r 307 574
(0
3 36S 16S
19' 098
GRAINS AND GRAIN PRODUCTS
Exports, principal grams, including flour and meal§
24, 134
27, 347
thous. of bu_12, 333
26, 987
35, 135 ' 33, 245 ' 41, 672 r 48, 528 * 48, 397 •" 50, 766 r 39. 208
35, 828
Barley:
Exports, including malt§_. _ _ - _ _ .
do
402
249
209
489
435
271
572
624
797
1 531
1 226 r 1 289
Prices, wholesale (Minneapolis):
1.659
1 698
9 136
No. 2, malting
dol per bu
1 721
1 697
o 299
1 768
1 775
1 764
1 914
1 922
2 oiO
2 259
1.609
1.667
No. 3, straight . _ _
_ _
do
1.612
1.616
1.689
1.698
1 642
1* 838
1 806
1 896
2 032
2 130 ? 2 14'i
Production (crop estimate)!
thous. of bu__
2 263, 350
• 285 919
Receipts, principal markets _._
do
22, 046
18, 250
14, 840
8,026
9,214
10, 241
4 806
7 242
9 625
27 119
8 449
7 974
8 252
Stocks, domestic, end of month:
11, 554
Commercial
__
_
do .
18, 248
24,
510
26, 161
20, 985
20, 608
19 313
14 108
10 816
5 593
8 869
14 263
7 753
On farms*
do
160, 258
110,000
66, 818
30, 000
' Revised. J No quotation. 2 December 1 estimate. 3 September 1 estimate.
JSee note in June 1945 Survey for explanation of this price series, cf See note marked 'Von p. S-29.
©Distilling materials produced at wineries, shown separately above, were conbined with production of still wines as shown in the Survey through the February 1947 issue.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
• Revised 1943 data are on p. 13 of the March 1945 Survey; see note on item in February 1945 issue regarding earlier data; 1945 revisions are on p. 16 of April 1947 Survey; further revisions
in the 1944 data shown on that page and preliminary revisions for January-June 1946 will be published later.
*New series. Data beginning 1936 will be shown later; the June figure includes old crop only.
f Revised series. _ See note marked "f" on p. S-26 of the September 1947 Survey for reference to revised figures for fiscal years 1941-46 for the indicated alcoholic beverage series. See notes
marked "f on pp. S-25 and S-26 of the
1 ^ 1946 Survey for references to 1941-43 revisions for the indicated series for manufactured dairy products; data for 1944-45 for these series and for
he April
utilization of milk in manufactured dairy
airy products are sh
shown on p. 16 of the April 1947 Survey but there have been further revisions in the 1944 and 1945 figures for total cheese and 1945 figures
revisi__. for January-June
.,
.
forr dry skim milk; these revisions and preliminary revisions
1946 will be rpublished later;, revisions for 1920-43 for utilization of milk in manufactured
dairy
J ^products will also
« shown later. January 1940-January 1946 revisions for milk production are on p. 19 of the April 1947 Survey. Revised estimates of potato crop and barley for 1929-44 are available on request.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1&4
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS—Con.
Corn:
Exports including meal §
thous of bus
Grindings, wet process
.. -do
Prices, wholesale:
No. 3, white (Chicago)
dol. per bu_.
No 3 yellow (Chicago)
do
Weighted average, 5 markets, all grades__do
Production (crop estimate)!
mil. of bu
Receipts, principal markets
do
Stocks, deomstic, end of month:
Commercial
do
On farms!
do
Oats:
Exports including oatmeal §
thous. of bu__
Price, wholesale, No. 3, white (Chicago)
dol. perbu,.
Production (crop estimate)!
mil. ofbu
Receipts priicipal markets
do
Stocks, domestic, end of month:
C ommercial
do
On farms f
- do
Rice:
Exports§
- thous. of Reimports §
do
Price, wholesale, head, clean (N. O.)__dol. per lb_.
Production (crop estimate)!
thous. of bu
Calif or -ma:
Rece pts, domestic, rough
thous. of bags (1001b.)~
Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of cleaned),
end of month
thous. of 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 lb.)__
Stocks, domestic, rough and cleaned (in terms
of cleaned), end of month
thous. of pockets (100 lb.)_.
Rye:
Price, wholesale, N o . 2 (Minneapolis) _ dol. per bu_ _
Production (crop estimate) t
thous of bu
Receipts principal markets
do
Stocks, commercial, domestic, end of month. do
Wheat:
Disappearance domestic!
do
Exports wheat including
flour§
do
Wheat only§ '
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
dol. per bu_.
No 2 Red Winter (St Louis)
do
No 2 Hard Winter (Kansas City)
. do
Weighted av., 6 mkts., all grades
___-do
Production (crop estimate) total! mil. of bu
Spring wheat
do__ _
Winter wheat
do
Receipts, principal markets
thous. of bu__
Stocks, end of month:
Canada (Canadian wheat)
do
United States domestic totallf!
do
Commercial
- do__
Country mills and elevators!
do
Merchant mills
do
On farms!
do
Wheat flour:
Exports §
thous. of bbl
Grindings of wheat
thous. of bus _
Prices, wholesale id1
Standard patents (Minneapolis) __dol. per b b l _ _
Winter, straights (Kansas City)
do
Production (Census):
Flour
thous. of bbl__
Operations, percent of capacity
__ _ _ _
Offal
mil. of;lb
Stocks held by mills, end ofmonth. .thous. of bbl..
997
9,977
111
10, 456
385
11, 652
487
12, 198
0)
1.931
1.883
0)
1.894
1.829
2.100
1.819
1.630
1.750
1.392
1.309
16.8
11.3
18.1
11.8
4.9
« 153. 0
4.1
2,384
3,872
.777
.810
30.8
25.3
15.1
2,076
12, 313
4,828
12, 705
8,469
11,701
8,045
12, 245
15,421
12, 091
20, 706
12,385
13. 440
11, 794
11,322
11,635
1.497
1.340
1.245
2 3, 287. 9
40.6
44.3
1.431
1. 332
1.206
1.511
1.419
1.307
1.742
1.731
1.594
1.784
1.782
1.694
1.790
1.779
1.677
2.143
2.097
1.948
0)
2,169
1,995
49.9
43.6
48.2
38.8
38.7
40.2
14.8
27.9
2, 165. 8
31.7
34.5
37.4
1, 294. 7
29.1
16.3
11.2
687.8
11.8
946
2,517
1,703
797
323
1,187
656
775
1,343
1,513
.863
.854
.837
.836
.943
.923
.988
1.021
.952
18.9
.825
2 1,509.9
11.4
11.3
11.5
9.4
14.7
12.9
14.2
12.2
16.2
1,014
3 1, 226. 8
29.2
20.3
1, 155. 7
19.7
14.2
9.2
898.8
7.4
6.2
6. 3
536.8
5.4
4.6
5.0
* 259. 1
5.6
15.9
6,369
1,338
.066
14, 185
596
.072
8,952
667
.082
114, 533
155
.086
160. 842
6
.090
2 71, 520
78, 154
133
.090
170, 845
2
.090
58, 220
8
.090
84, 858
203
.089
57, 142
163
.090
49. 624
(3)
.090
22, 897
219
300
56
53
1,364
492
902
704
860
704
863
602
759
557
792
393
594
478
583
496
300
242
207
154
11, 083
2.740
2. 346
2.295
s 2, 403. 9
39.1
22.8
7.7
0)
.126
3
.125
76, 047
41
152
328
327
284
410
329
233
171
169
59
••508
' 2, 522
' 4, 715
' 2, 573
' 1, 342
-•669
••422
••207
••133
83
107
99
573
'190
' 1, 093
' 2, 351
' 2, 754
' 1, 755
1,807
1, 452
' 1, 130
••681
515
246
477
309
124
144
523
453
r
••492
' 2, 018
r 4, 631
r 4, 654
r 4, 378
' 3, 403
'2,440
' 1, 568
1,048
615
476
119
393
1.952
2.235
2.392
2.676
2.857
3.108
3.539
3.108
3.192
3.029
2.541
I,016
908
1,123
1,126
799
1,612
692
2,143
2.793
2 18, 685
596
2,476
469
2,465
322
2,336
354
2,139
238
1,878
I§8
1,358
102
1,024
177
556
2.466
3 25, 405
2,634
2,214
23, 552
15, 977
305 537
19, 835
10, 501
10, 793
6,100
23, 369
11, 563
307, 603
30, 920
14, 995
27, 349
11, 141
r 32, 309
r 12, 694
28, 060
9,111
225, 123
22. 776
4,006
21, 462
7,065
2.057
2.031
1.938
1.992
2.097
2.082
1.960
2.048
2.203
2.144
2.039
2.143
2.331
2.250
2.104
2.227
2.248
2.331
2.090
2.175
2.314
2.395
2.261
2.279
2.935
2. 368
2.288
2.400
53, 853
56, 113
54, 929
152, 631
98, 963
109, 723
950, 286
103, 595
177, 329
114 463
552, 715
141, 047
98, 392
1,612
51, 442
1,986
54, 210'
8.76
8.72
12, 173
75.8
712
;
r
50,903
2.265
2.324
2.072
2.169
2 1,155.7
2
281.8
2 873. 9
36, 581
33, 868
' 334, 145
' 38, 673 ' 31, 523
' 17, 555 ' 13, 277
2.715
2.811
2.694
2.671
2.638
2.745
2.676
2.616
2.677
2.705
2.693
2.637
2.719
2.587
2.373
2.563
2.710
2.384
2.318
2.472
3 1, 408. 6
3313.0
31,095.6
121, 869
91,847
38, 254
38, 716
35, 030
37, 807
26, 345
26, 156
131, 889
119, 006
80, 514
58, 655
44, 745
24, 440
15, 803
70, 405
* 83, 444
* 8, 129
* 9, 797
* 24, 591
4 40, 427
55, 395
48, 432
109, 849
308, 563
32, 838
61,010
71,957
139, 855
93, 964
85, 512
148, 849
642, 685
56, 256
118, 991
96, 779
366, 255
114, 913
167, 718
998
60, 069
2,512
57, 690
3,388
60, 6^7
3,449
64, 575
' 4, 173
57, 162
4, 493
63, 301
3,882
56, 818
4.032
55, 744
3,994
55, 462
3,063
' 57, 598
60, 153
9.25
9.19
9.55
9.38
10.95
10.38
11.61
10.90
11.52
11.10
11.62
11.42
13.66
12.99
13.17
12.97
12.74
12.39
12.60
11.03
13.27
10.77
12.72
10.97
12, 078
84.5
903
2,205
13, 298
82.7
1,023
12, 749
89.1
986
13, 368
89.5
1,044
3,216
14, 238
92.3
1,113
12, 609
93.2
983
13, 991
91.4
1,091
2,842
12, 604
82.3
967
12, 445
81.1
930
12, 332
83.9
928
2.237
'12,839
'84.0
'954
13, 351
87.2
1.005
LIVESTOCK
Livestock slaughter (Federally inspected) :
627
678
621
521
644
628
591
656
591
651
656
364
534
Calves
thous. of animals _
1,203
1,264
1,207
1,228
1,352
1,274
1,217
1,143
1,348
1,403
1,103
360
1,240
Cattle
-- do.. _
3,831
3,616
3,406
3,653
2,731
3, 897
5,434
5,844
3,455
3,114
'5,133
2,843
438
Hogs
-do
1, 355
1,322
1,237
1,329
1,253
1,529
1,542
1,271
1,280
1,346
2,005
1,300
1,578
Sheep and lambs
do
Cattle and calves:
2,154
2,259
2,183
2,384
2,290
2,435
2,404
1,950
2,875
2,447
3,664
1,923
2,565
Receipts, principal markets. _. thous. of animals _.
100
131
198
120
161
154
98
157
445
233
730
388
Shipments feeder, to 8 corn belt States! do
323
Prices, wholesale:
23.30
24.06
22.93
28.84
25.87
27.85
21.94
23.19
23.64
22.16
23.57
17.99
21.71
Steers beef (Chicago)
dol. per 100 lb__
21.11
21.33
19.91
21.22
20.13
21.91
18.96
17.68
16.42
16.30
17.63
15.99
15.51
Steers, stocker and feeder (Kansas City)- .do
23.63
22.63
24.00
22. 90
22.94
20.38
22.88
18.19
18.20
22.13
18.38
16.15
16.44
Calves, vealers (Chicago)
do
p
Revised. * No quotation. 2 December 1 estimate. 3 September 1 estimate.
4
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.
§ Data continue series published in the 1942 Supplement but suspended during the war periou; data for October 1941-February 1945 will be published later,
d"August 1946 quotations are for flour of 80 percent extraction; beginning September 1946, quotations were resumed for flour of normal extraction (72 percent).
1 includes wheat owned by the Commodity Credit Corporation stored off farms in its own steel and wooden bins not includea in the break-down of stocks,
!f Revised series.
series^The
iodlca^grain Aeries have been revised as follows: Crop estimate for
for oats, 1932-4*, ana
ana rice, 1937-44; other crop estimates, 1929-44; domestic disappearance of
of wheat
The indicated
and stocks of wheat in country mills and elevators, 1934-4^; corn, oat and wheat stocks on farms and total United States stocks of domestic wheat, 1926-44; all revisions are available on request.
See p. S-27 of the August 1943 Survey for revised figures for 1941^2 for feeder shipments of cattle and calves.
SUKVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-29
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
FOODSTUFF AND TOBACCO—Continued
LIVESTOCK—Continued
Hogs:
Receipts, principal markets. __ thous. of animals. _
Prices:
Wholesale, average, all grades (Chicago)
dol. per lOOlb..
Hog-corn ratio f
bu. of corn per 100 Ib. of live hogs. .
Sheep and lambs:
Receipts, principal markets- _.thous. of animals..
Shipments, feeder, to 8 corn belt Statesf
do .._
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb._
Lambs, feeder, good and choice (Omaha).do
1,832
293
2,268
3,244
2,993
3,469
2,304
2,017
2,245
2,270
2,329
2,206
1,774
20.84
16.25
22.82
24.07
22.87
22.45
25.70
27.10
23.49
22.24
22.06
22.11
23.74
11.6
9.1
13.5
18.0
18.6
18.0
19.4
17.6
14.9
14.4
12.6
11.7
11.1
2,187
338
2,542
865
3,660
941
1,966
304
1,495
121
1,669
171
1,406
198
1,293
133
1,506
136
1,713
128
1,982
134
1,677
166
1,688
283
20.50
16.53
19.00
17.26
23.00
17.90
22.25
17.77
23.25
18.00
23.25
19.45
23.12
20.18
23.12
21.22
21.25
19.56
21.62
0)
24.25
0)
22.75
0)
20.25
21.31
118
1,286
389
40
61
351
258
22
13
1,245
297
26
32
1,742
442
39
40
1,724
623
56
42
1,954
854
68
58
1,434
854
68
56
1, 393
857
71
57
1,438
843
67
91
1,525
797
67
57
1,490
772
69
40
1, 509
••743
r
67
1,289
644
59
37
MEATS
Total meats (including lard) :
Exports§
mil. oflb
Production (inspected slaughter)
do
Stocks, cold storage, end of mouthed"
do
Edible offal®
- - - _ . - .do ..
Miscellaneous meats and meat products®
mil. of Ib..
Beef and veal:
Exports§
-- --thous. of lb_
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:
Production (inspected slaughter)
.
do
Stocks, cold storage, end of month ®cT -- do. ..
Pork including lard, production (inspected
slaughter)
-_
thous. of lb.
Pork, excluding lard:
Exports§
do
Prices, wholesale:
Hams, smoked (Chicago)
dol. perlb..
Fresh loins, 8-10 Ib. average (New York). do
Production (inspected slaughter)
thous. of lb._
Stocks, cold storage, end of month <8)cf- ..do ...
Lard:
Exports§
do
Price, wholesale, refined (Chicago) .. -dol. per Ib..
Production (inspected slaughter)
thous. of lb._
Stocks cold storage, end of month cT
-- -do POULTRY AND EGGS
Poultry:
Price, wholesale, live fowls (Chicago) . .dol. per lb._
Receipts 5 markets
thous. of Ib
Stocks cold storage, end of month cj"
do
Eggs:
Dried production*
do
Price, wholesale, U. S. standards (Chicago) •
dol. per doz_.
Productionf
- .. _
millions _
Stocks, cold storage, end of month :<?
Shell
thous. of cases _
Frozen
thous. of Ib
27
19
21
26
36
54
57
64
67
63
50
'40
20, 926
19, 691
2,535
532
828
3,475
8,377
7,024
17, 401
42, 376
30,819
19,564
.382
664, 848
101, 825
.235
210, 423
79, 051
.380
590, 798
64, 521
.409
689, 827
111,091
.415
705, 974
169, 271
.384
757, 702
192, 660
.362
631, 697
195, 820
.371
681, 465
201, 209
.370
679, 933
175, 724
.376
705, 739
144, 538
.408
670, 038
114, 568
65, 053
13, 135
54, 268
8,844
84, 170
10, 602
64, 591
15,696
58, 723
16, 893
68, 215
17,114
57, 380
16, 554
57, 648
14, 110
60, 737
10, 808
60, 183
9,563
555, 686
85, 991
570, 068
987, 245
959, 053 1, 128, 378
42, 219
12, 737
1,076
1,305
.503
.514
425, 735
168, 861
.265
.333
71, 181
99, 859
.265
.476
462, 454
142, 912
27 665
.350
94, 780
37, 969
11 679
.190
10, 665
30, 021
.265
43, 162
207, 137
.434
702, 877
101, 732
467
650, 486
107, 093
54, 823
9,348
53, 172
8,085
52 007
8,319
586, 369
r
745, 090
653, 686
697, 129
758, 646
756, 848
753, 173
6,635
5,040
3,768
6,587
7,173
15,010
4,684
1,955
.554
.512
757, 765
209, 946
3.522
.404
728, 500
276, 232
3.509
.427
827,411
399, 473
3.529
.509
555, 330
399, 317
3.614
.505
484, 593
397, 794
2.546
..508
521, 406
394, 421
2.554
.531
561, 155
364, 531
2.572
.529
556, 305
352, 814
2.599
.552
550, 620
' 331, 746
2.64
.593
438, 482
205, 408
8 268
.190
77, 888
31, 513
16 647
.392
167, 381
40, 623
20 521
0)
168, 326
68, 756
25 074
.260
220, 245
122, 988
38 760
.298
138, 683
117, 557
37 884
.338
123, 637
109, 254
28 041
.300
128, 445
127, 680
28, 728
.198
144, 207
148, 663
17,304
.195
146. 690
175, 269
13, 370
.182
148, 100
193, 736
.176
108,114
166 919
.307
61, 131
184, 841
.298
89 972
261, 006
.242
72 952
301, 030
.266
65, 114
316, 577
.242
27, 631
316, 792
.266
23 641
283, 825
.299
27, 199
242, 485
.292
26 255
208, 256
.275
33, 063
187, 717
.244
35, 000
171, 260
.240
40 474
174, 627
.235
37 316
185 490
11, 151
4,735
2,900
2,585
3,946
11,744
12, 749
11,031
9,067
14, 464
14, 610
9,310
1 324
.346
3,679
.406
3,295
.420
3,190
.406
3,110
.388
3,765
.388
4,568
.378
4,813
.418
6,171
.425
6,328
.409
6,146
.414
5,202
.434
4,539
.422
3 832
4, 268
241, 573
3 804
235 872
7,960
236, 256
5,738
207, 244
3,585
168, 591
1,717
132, 664
767
102, 437
287
80,800
221
73, 564
508
98, 718
1,742
153 876
3,452
202, 245
4,203
237, 303
r
r
r
r
MISCELLANEOUS FOOD PRODUCTS
43, 684
52, 005
34, 056
56,850
55, 919
36, 258
Candy, sales by manufacturers
thous. of dol..
39, 505
54, 122
56, 287
56, 850
53, 439
58, 249
42,059
Cocoa or cacao beans:
13, 627
14, 409
9,405
25, 027
18, 859
Imports §
long tons
12, 237
15, 382
38 078
20, 376
46, 248
13, 942
20, 390
.245
.282
.301
Price, wholesale, accra (N. Y.)§
dol. per lb._
.089
.089
.191
.259
.327
.288
.140
.266
.280
.345
Coffee:
912
814
1,178
1,524
756
1,057
Clearances from Brazil, total _.. thous. of bags..
1, 573
1,416
1,341
1,184
1,448
1,109
1 425
545
225
729
970
946
1,081
818
564
To United States
do
484
902
721
677
1 018
973
1,069
Imports§
_ - - _ - .-- - do .__
1,947
1,716
2,103
2,044
776
1,401
1,237
1,612
1,804
1,663
Price, wholesale, Santos, No. 4 (New York)
.253
dol. per lb_.
.221
.221
.241
.263
.264
.237
.256
.269
.272
.264
.277
.258
1,584
1,132
Visible supply, United States
thous. of bags..
1,222
2,182
2,142
1,385
1,931
2,080
1,467
1,335
1,357
' 1, 000
1,056
Fish:
34, 868
Landings, fresh fish, 4 ports. ._
-thous. oflb
24, 645
45, 805
46, 776
53, 727
35, 025
15, 365
29, 103
53, 786
17,003
30, 725
Stocks, cold storage, end of month
do
152, 403
152, 803
79, 733
90, 158 r 110, 611
147, 085
149, 549
158, 486
127, 381
97, 939
131, 482
78, 242
70, 202
Sugar:
Cuban stocks, raw, end of month!
thous. of Span, tons..
3,642
2,109
3,887
2,991
••1,527
1,310
712
553
342
373
1,019
2,591
3, 292
United States:
Deliveries and supply (raw value): *
r
522, 621
»• 612, 567
998, 180
826, 310
793, 741
Deliveries, total
_
short tons
533, 875
482, 194
498, 073
624, 282
509, 612
396, 831
456, 566
330, 256
484, 691
565, 379
521, 428
418, 790
482, 722
986, 411 ' 778, 978
785, 626
For domestic consumption _ _
do
392, 018
475, 921
299, 237
598, 188
497, 223
47, 188
12, 447
11, 769
47, 332
8,115
For export
_.
do _
4,813
6,273
37, 776
15, 351
26, 094
12, 389
37, 930
31, 119
Production and receipts:
402, 299
544, 243
655, 186
719, 956
605, 075
Entries from off-shore areas
do
257, 017
243, 687
568, 794
605, 349
297, 275
233, 063
223, 781
335, 229
16,512
34, 590
642, 633
22, 114
14, 634
38, 992
49, 780
94, 691
483, 532
437, 471
Production, cane and beet
do
106, 885
49, 365
Stocks, raw and refined, end of month
520
1,442
thous. of short tons..
671
832
1,210
1,384
1,316
1,426
1,598
1,105
1,317
1,148
' Revised. * No quotation. 2 Prices beginning December not strictly comparable with earlier data; comparable figure for November 1946, 0.545.
§ Data continue series shown in the 1942 Supplement but suspended during the war period; unpublished data beginning October 1941 will be shown later.
cTCold storage stocks of dairy products (p. S-27) meats, poultry, and eggs include stocks owned by the U. S. Dept. of Agriculture and other Government agencies, stocks held for Armed
Forces stored in warehouse space not owned or operated by them and commercial stocks; stocks held in space owned or leased by the Armed Forces are not included.
®See note in May 1946 regarding changes in the indicated series made in that issue and an earlier change beginning June 1944.
• Data are from the U. S. Department of Labor. Quotations since July 1943 have been for U. S. Standards; they are approximately comparable with earlier data for fresh firsts.
\ For data for December 1941-July 1942 see note in November 1943 Survey.
*New series. Data for 1927-43 for dried eggs are on p. 20 of the March 1945 Survey. See note in April 1945 Survey for description of the new sugar series.
ffrevised series. The hog-corn ratio has been shown on a revised basis beginning in the March 1943 Survey; revisions for 1913-41 will be shown later. See p. S-27 of the August 1943 Survey
for 1941-42 revisions for feeder shipments of sheep and lambs and p. 24 of June 1947 issue for 1940-45 revisions for egg production.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 194
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar— Continued
United States— Continued
Exports, refined sugar §
.
short tons
Imports: §
II aw 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. perlb._
Wholesale
do
Tea imports §
thous oflb
TOBACCO
Leaf:
Exports, incl. scrap and stems §
thous. of lb_Imports, incl. scrap and stems § ... ... __.do _ _ .
Production (crop estimate)
mil. of Ib
Stocks, dealers and manufacturers, total,
end of quarter
do
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Manufactured products:
Consumption (withdrawals):
Cigarettes:
Tax-free*
- millions
Tax -paid
-do
Cigars, tax-paid
... -- thousands Manufactured tobacco and snuff, tax-paid
thous. of lb_.
Exports cigarettes!
- -millions
Price, wholesale (list price, composite):
Cigarettes, f. o. b., destination
dol. perthous.Production, manufactured tobacco, total
thous. of Ib
Fine-cut chewing
do__ _
Plug
do
Scrap chewing
do
Smoking
_ _ _ do
Snuff
do
Twist
-- do _-
33, 844
22, 546
3,280
6,734
24,968
22, 095
15, 221
34, 027
10,956
29,826
14, 032
11, 660
157, 171
145, 072
49, 932
49, 932
126, 958
116, 529
30, 294
30, 294
97, 960
92, 812
35, 099
35, 098
180, 167
180, 167
23, 647
23,647
210, 784
210, 784
16, 160
16, 160
219, 672
219, 669
15, 913
15, 559
275, 488
275, 487
19, 416
19,416
313, 067
313, 067
46, 621
46, 618
391, 051
391, 049
52, 956
52, 956
300, 783
300, 782
45 964
45, 964
360, 344
360, 344
61 226
61, 226
388,185
388, 184
34, 940
34, 940
209, 662
1,709
128, 747
4,774
76,424
1
2,500
5,004
42, 816
2,751
15,694
3
40, 692
3,802
107, 892
25, 761
136, 667
17, 444
182, 956
23, 795
234, 111
3,162
180, 095
16, 655
.075
.060
6,350
.076
.067
9,968
(0
.074
3,846
.092
.076
16,286
.095
.078
11, 486
.095
.079
12, 891
.096
.080
4,105
.096
.080
11, 498
.096
.081
4,963
.095
.081
2 508
.096
.081
4 826
.095
.081
3 202
39, 595
5,608
50, 322
6,031
54,383
6,883
94, 129
6,551
60, 861
4,817
22,312
55, 059
30, 930
55. 552
4,912
49, 018
5,632
33, 867
5,192
23, 102
4,848
39, 156
5,624
30, 396
5, 592
2,998
3,282
3,553
3,186
327
165
2,389
3
303
159
2,683
3
372
253
2,774
4
367
242
2,413
3
26
87
36
97
38
113
38
122
.095
.082
3
2, 151
2,665
28, 953
500, 572
1,944
26, 865
457, 703
2,561
32, 778
588, 067
3,165
27, 696
546, 949
2,959
22, 695
465, 769
3,519
28, 451
510, 264
2,713
26, 338
446, 042
3,243
26, 336
426, 785
2,805
27, 493
416, 270
2,966
25, 068
473, 968
2,269
29, 097
432, 527
2,333
29,549
439, 108
29,060
466, 511
22, 733
1,967
21,671
1,125
25, 631
1,139
22,728
1,523
17, 636
2,714
20, 124
1,438
17, 389
2,480
18, 743
2,473
19, 716
1,667
16,111
1,094
18, 792
2,294
21, 008
1,619
22, 184
6.509
6.509
6.255
6.255
6.424
6.509
6.509
6.509
6.509
6.509
6.509
6.509
6.509
22, 868
374
4,631
4,437
9,486
3,429
511
21, 672
311
* 4,361
3,860
9,618
3,061
461
25, 674
348
4,821
4,627
11,676
3,640
561
23,236
315
4,096
3,794
11,266
3,303
462
18, 361
296
3,500
3,425
7,410
3,332
398
20, 107
311
4,380
3,680
7,789
3,447
499
17, 712
272
3,762
3,327
6,961
2,948
442
19, 212
248
3,592
3,429
8,310
3,200
434
19, 885
337
3,762
3,302
8,799
3,246
438
16,473
295
1.979
3,081
7,576
3,198
344
18, 357
326
3,001
3,211
8.500
3,007
312
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock slaughter (see p. S-28).
Imports total hides and skins §
thous of Ib
Calf and kip skins
thous. of pieces
Cattle hides
do . _
Goatskins
- - -- do
Sheep and lamb skins
do . _
Prices, wholesale (Chicago) :
Hides, packers', heavy, native steers. -dol. per lb__
Calfskins packers', 8 to 15 Ib
__
do
LEATHER
Exports: §
Sole leather:
Bonds backs and sides
Offal including belting offal
thous of Ib
do
Production:
Calf and kip
thous of skins
Cattle hide
thous. of hides
Goat and kid
thous. of skins
Sheep and lamb
do
Prices, wholesale:
Sole, oak, bendsf
dol. perlb_.
Chrome, calf, B grade, black, composite
dol. per sq. f t _ _
15, 384
20
105
2,640
3,171
16, 788
48
150
1,864
3,738
19, 238
124
140
2,273
2,419
30, 921
59
306
4,454
2,540
25, 229
126
206
3,239
2,157
18 ir)8
59
118
2,683
1,833
13, 589
31
122
2,113
1,369
10, 771
41
31
2,715
1,052
10, 830
22
29
3,299
1,318
14,017
35
51
3,039
2,013
11, 991
27
30
4,283
1,386
17, 490
23
38
3,421
5,410
.155
.218
.155
.218
.155
.218
.289
.435
.276
.414
.238
.396
.231
.475
.228
.625
.220
.514
.223
.534
.231
.638
.262
.660
364
25
2 Oil
640
17
834
51
20
1 107
146
5
1 ?99
71
90
2 512
626
153
3 099
189
225
4 359
358
95
3 906
471
40
3 907
148
59
3 761
169
73
3,183
29
201
2,722
844
2,174
1,761
3,951
832
1,909
1,739
3,702
959
2,052
2,598
4,558
981
2, 150
2,304
4,088
1 Oil
2,184
2,412
3,667
1 104
2,426
2.506
3,388
1,088
2,464
2,849
3,341
1,066
2,512
2,954
2,943
1,130
2,559
3,038
2,882
1,011
2,472
3,046
2,641
1,049
2, 239
3,283
' 2, 472
872
2,107
3, 253
2,426
.447
.447
.447
.784
.753
.691
.659
.678
.627
.593
.593
.602
.637
.558
.565
.565
,869
.902
.950
.958
1.017
1.015
1.007
1.069
1.214
1,218
2 255
806
175
25
606
1 449
125
186
1,138
2 103
737
153
18
566
1, 366
119
175
1,072
2 549
882
167
20
695
1.667
143
197
1,327
2 282
757
145
15
597
1,525
112
164
1,249
2 103
628
102
9
516
1,476
98
178
1,200
2 251
576
97
9
470
1,675
95
195
1, 385
2 086
540
87
8
445
1,546
93
192
1,261
2,261
588
87
8
493
1,674
95
205
1,374
2 462
581
86
3
491
1,882
95
230
1,557
2,286
510
89
3
418
1,776
94
221
1,461
2,089
504
89
4
412
1,585
103
206
1,276
r
.295
.619
LEATHER MANUFACTURES
Gloves and mittens, production, total*
thous doz pairs
Dress and semi-dress total
do
Leather and fabric combination
do
Fabric
do
Work total
do
Leather
do
Leather and fabric combination
do
Fabric
do
2
* Revised. * No quotation.
December 1 estimate. 3 September 1 estimate.
t See note in March 1947 Survey with regard to a change in the series in January 1946.
§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. For source and a description of the series for tax-free withdrawals of cigarettes and data beginning July 1943, see p. S-29 of the March 1947 Survey, The series for gloves and
mittens were first included in the May 1946 Survey; see note in that issue; data are collected quarterly only beginning the third quarter of 1947.
- - series.
-- price for sole oak le
leather is for packers', steers bends, union trim tannery run, vegetable tanning; earlier data will be shown later.
t- Revised
The
SURVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-31
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES—Continued
Shoes and slippers:
Exports§
_ _ _
_thous. of pairs
Prices, wholesale, factory:d"
Men's black calf oxford
dol. per pair-Women's plain black kid blucher _
.do - _ _
Production, total J
thous. of pairs
Shoes, sandals, and play shoes except athletic,
total
thous. of pairs__
By type. of uppers:
All leather
do
Part leather and nonleather
do
By kinds :f
Men's
do
Youths' and boys' _ _
..do
Women's
do
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear
_
do ..
Athletic
do
Other footwear __
do
1,159
342
289
459
691
464
494
537
631
535
414
429
5.37
4.18
46, 236
5.37
4.26
41, 651
5.37
4.26
47, 469
6.50
4.26
40, 752
6.50
4.90
39, 068
6.25
4.90
41, 051
6.00
4.90
38, 255
6.00
4.90
40, 429
6.00
4.90
39, 525
6.00
4.90
36,404
6.00
4.90
34, 131
6.30
4.90
33,810
38, 796
35, 301
39, 368
34, 315
35, 345
38, 049
35, 631
37, 766
36, 627
33, 638
31, 343
30, 819
32, 117
6,679
30, 022
5,279
34, 194
5,174
30,011
4,304
31, 884
3,461
34, 957
3,092
33, 295
2,336
35, 690
2,077
34, 879
1,749
32, 178
1,554
29,805
1,532
29,728
1,091
8,750
1,740
20,950
4,296
3,060
6,563
486
219
7,963
1,629
19, 037
3,880
2,792
5,681
330
199
8,941
1,763
21, 102
4,316
3,246
7,234
394
302
8,274
1,625
17, 599
3,958
2,859
5,606
395
240
9,012
1,793
17, 429
4,187
2,924
2,915
397
213
9,221
1,699
19, 024
4,871
3,234
2,475
358
169
8,591
1,533
17, 838
4,706
2,963
2,176
315
133
9,121
1,520
18, 991
5,011
3,123
2,146
357
160
9,218
1,449
18,237
4,819
2,904
2,364
380
154
9,078
1,373
16, 279
4,389
2,519
2,251
365
144
8,297
1,495
15,069
4,041
2,441
2,272
301
215
8,050
1,522
14, 724
3,975
2,548
2,507
307
177
6.50
4.90
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
54, 365
12, 633
35, 001
123, 411
44, 725
15, 331
26, 823
111,685
23, 802
4,329
17, 485
131, 669
38, 251
7, 183
30, 103
117, 696
81, 976
28 614
45, 149
123, 816
79, 720
20 537
54, 377
109, 414
76, 335
22, 656
51, 994
111,718
114, 449
27, 255
75, 676
133, 390
88, 345
16 610
63, 091
93, 070
162, 633
34 237
101, 014
67, 619
132, 066
21 353
86, 852
60, 598
138, 692
20 480
94 245
73, 073
2 934
774
2,160
2,710
630
2,026
4,068
1,125
2,943
2,742
794
1,948
2,500
583
1,862
4,282
1,260
3,022
2 946
829
2,117
2,727
698
1,953
4,540
1,369
3,171
2 533
698
1,835
2,418
570
1, 785
4,652
1,453
3,199
2 303
604
1,699
2,326
542
1,723
4,645
1,474
3,171
2 214
583
1,631
2,414
590
1,824
4,323
1,421
2,902
2,403
612
1,791
2,378
598
1,780
4,346
1,420
2,926
2 578
623
1,955
2,389
507
1,882
4,456
1,427
3,029
2 732
632
2, 100
2 560
530
2 030
4,537
1 470
3,067
2 938
632
2,306
2 704
588
2 116
4, 761
1 463
3,298
2 821
2 728
2,182
2 497
2,071
2 538
M bd. ft
do
do
._
do
.do
3,560
6,150
3, 100
3, 125
2,475
2,550
5,425
2, 925
3,375
2,425
3,750
5,700
3,400
3,425
2,200
3,250
5,250
3,475
3,625
1,975
4,350
6,100
3, 950
3,700
1,950
3,850
5,550
3 900
4,375
1,650
5,200
7,450
3 875
3,625
1,850
5 825
8,375
4 050
4,400
1,625
5 825
9 500
4 675
4 725
1,500
5 375
10 175
4 850
4 800
1 500
5 900
11 375
5 125
4 875
1 775
6
12
5
5
2
250
225
575
275
050
6
13
5
5
1
500
325
550
575
950
do
do
do
do
__ do
18, 931
30, 055
22, 860
24, 734
4,209
22, 851
47, 861
27, 527
27,331
4,404
29, 212
42, 190
35, 922
34, 882
4,738
29, 245
41, 800
34, 079
33, 065
5,752
29, 194
41, 249
33, 955
31, 248
7,431
41, 521
41, 523
40, 253
41, 247
5,730
33 893
40, 157
37, 976
37, 733
5,978
42 075
39 970
42, 944
42 260
6,032
38* 418
47, 361
46 140
7 016
46
43
48
47
7
46
44
46
45
8
59 663
58' 439
55' 629
53 579
9 370
57
58
57
58
8
678
064
996
126
314
Exports, total sawmill products§ .Mbd. 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 _
639
545
1 952
5,266
1 741
3,525
657
582
1 956
5 608
1 932
3 676
2 996
702
2,294
2 907
684
2 223
5,645
1 899
3 746
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production
Shipments
__
Stocks, end of month
Oak:
Orders, new
Orders, unfilled, end of month
Production __
Shipments
Stocks, end of month
__
SOFTWOODS
41 284
120
122
709
839
886
653
340
985
435
797
Douglas fir:
Exports, total sawmill products §
M bd. f t _ 18, 710
37, 421
44, 931
36, 872
20, 478
6,233
2,138
65, 073
38, 948
82, 594
61, 332
67, 128
Sawed timber §
do
10, 041
20, 629
6,011
2,632
654
15, 305
12, 695
21, 356
9 364
28 014
16 583
17 190
Boards, planks, scantlings, etc. § ..
do
10, 453
1,484
16, 792
29, 626
43, 717
13, 112
3,601
24, 177
29 584
54 580
44? 749
49 938
Prices, wholesale:
Dimension, No. 1, common, 2" x 4" x 16'
dol. per M b d . f t - .
42.630
42. 630
47. 824
42.630
43. 855
51. 940
58. 800
60. 270
62. 230
62.230
64. 190
62. 230
62. 230
Flooring, B and better, F. G., 1" x 4"', R.
L
___
. dol. per M bd. ft
59. 780
59. 780
63 308
59. 780
59 780
72 520
85 505
91 630
94 080
94 080
103 880
94 080
100 940
Southern pine:
Exports, total sawmill products§
M bd. f t _ _
16, 384
11, 716
5,317
11, 842
21, 360
15, 885
20, 159
19, 041
17, 511
25, 081
22, 591
21 883
Sawed timber§
do
5,260
4,080
1,034
4,955
4,880
2,007
8,214
4,441
4 341
3 623
3 444
1 952
Boards, planks, scantlings, etc.§
do
11, 124
7,636
4,283
16, 405
9,835
11, 005
11 945
21 458
14 600
13 170
19 147
19 931
593
576
601
547
506
588
Orders, newf
- mil. bd. ft
586
618
631
565
775
634
752
Orders, unfilled, end of monthf
do
633
642
651
574
565
633
551
553
544
449
641
494
570
Prices, wholesale, composite:
Boards, No. 2 common, I" x 6" or 8" x 12'!
dol. per M bd. f t _ .
46.083
46. 083
46. 083
53. 182
67. 163
71. 656
72. 530
71. 460
67. 790
65. 694
64. 333
64. 468
0)
Flooring, B and better, F. G., I" x 4" x 12-14'!
65. 091
65. 091
65. 091
74. 723
dol. per M bd.ft..
96. 546
106. 782
109. 979
120. 104
130. 683
130. 683
130.058
130. 683
0)
Production! . _ _ _
mil. bd. ft
625
589
610
567
668
578
686
681
693
726
655
633
668
Shipmentsf
do
622
575
610
565
597
556
600
616
640
660
704
589
676
Stocks, end of monthf-- ._
_ _
do
1,085
1,077
1, 135
1,213
1, 168
1, 194
1,280
1 345
1 398
1 464
1 451
1 508
1 500
Western pine:
Orders, newf.
do
634
605
580
489
436
461
385
530
540
449
673
685
661
Orders, unfilled, end of month f
do
258
283
288
275
269
302
278
353
517
357
247
389
463
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"_
dol. per M bd. ft
40. 19
40.35
40.38
40.36
43.30
45.60
48 51
50 99
52 71
54 69
56 23
54 36
55 23
Production!
. ._ . _
mil. bd. ft
632
625
491
394
737
329
346
420
534
691
653
684
645
Shipments!
do
649
577
573
501
440
428
409
455
618
559
536
543
587
933
Stocks, end of month! .
do
1,092
987
1,041
1,083
939
1,038
876
841
839
1 205
1 132
1 035
West coast woods:
514
445
582
448
451
536
618
723
Orders, new! --do
529
623
544
514
567
Orders, unfilled, end of month
do
554
538
544
514
576
523
577
685
682
595
646
682
568
Production!
do
526
487
534
503
461
507
529
598
604
584
671
603
446
Shipments!
do
496
468
493
484
489
576
548
569
629
607
586
438
553
Stocks, end of month
_do
462
403
420
475
448
377
379
410
374
4x3
.534
397
433
T
l
Revised.
No quotation.
§ Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1946 will be published later.
1 Totals through December 1946 include Government shoes formerly shown separately but not reported separately in 1947; the classifications by kinds have been revised to include all types
(leather, part leather, and nonleather uppers); revised data beginning 1944 for these series and additional revisions indicated in note in the September 1947 Survey will be published later. The
totals for shoes, sandals, etc., and the distribution by kinds include, for May and June 1947, minor revisions that are not available for the breakdown between all leather and part leather and
nonleather.
c? Data continue series published in the July 1944 and earlier issues of the Survey; see note in August 1947 Survey for data for June 1944-May 1946.
! Revised series. See note marked "V' above regarding revision of the shoe series and note in February 1946 Survey explaining revision in the Southern pine price series. There have been
unpublished revisions in the data for the other lumber series as indicated in notes in the July 1947 and April 1946 issues.
SUEVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1&47
1946
August
September
1947
October
November
December
January
February
March
April
May
June
139, 779
140, 457
32, 146
148, 027
143, 295
35, 591
142, 070
141, 491
35, 618
139, 623
142 975
31, 481
641,931
10, 160
239, 154
3,478
657, 874
18, 175
137, 604
2,184
630, 706
29, 579
113, 588
3,410
July
August
LUMBER AND MANUFACTURES—Continued
SOFTWOOD PLYWOOD
Production* thous. of sq. ft., %" equivalent . •• 126, 631
124, 891
Shipments*
do
' 33, 773
Stocks, end of month* _ _ _
_._
do
129, 270
128, 086
35, 560
149,600
149, 583
34, 959
129, 635
128, 691
34,984
121, 816
129, 727
26, 882
140, 058
136, 064
30,712
129, 622
127, 658
31,995
r
r
107, 574
102 457
35 937
r
137 042
132 718
37 995
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade :§
Iron and steel products:
Exports (domestic), total
Scrap
Imports total
Scrap
short tons_.
do _ _
- -do
- do _._
513, 595
10, 893
119,664
763
362, 608
9,244
124,453
1,896
293, 451
7,187
110,767
207
480, 752
16, 258
143,378
1,159
509, 444
15, 671
102, 686
1,018
549, 138
8,381
137, 556
1,690
481,24?
4,694
129, 994
1,511
637, 754
9,082
162, 150
3,058
Consumption, total*. _
_ thous. of short tons..
Home scrap*..
do
Purchased scrap* ._
do
Stocks, consumers', end of month, total*
do
Home scrap*.
do
Purchased scrap*
do _ _
4,670
2,594
2,076
3,324
1,142
2,182
4,449
2,467
1,982
3,258
1,192
2,066
4,907
2,705
2,202
3,163
1,184
1,979
4,579
2,535
2,044
2,992
1,121
1,870
4,239
2,193
2,046
3,034
1,158
1,876
4,900
2,717
2,183
2,886
1,063
1,823
4,503
2,406
2,097
3,032
1,061
1,971
5,136
2,689
2,447
3,366
1J09
2,257
11, 090
11, 083
4,770
10, 742
10, 546
4,966
9,917
9,965
4,860
6,605
6,830
4,607
2,274
1,193
5,688
2,698
1,251
7,135
2,591
1,322
8,404
2,846
1,425
9,825
6,575
7,216
9,212
10, 981
11, 755
8,438
6,738
9,774
34 067
30, 450
3,617
371
6,380
9,636
37, 573
33, 464
4,109
40fc
6,625
9,209
40, 435
35, 762
4,674
386
6,131
6,701
41, 919
37, 063
4,857
329
5,516
247
37, 465
33, 056
4,409
237
7,024
0
30, 514
26, 744
3,770
223
6,264
0
24, 317
20, 938
3,379
198
6,979
0
"»7 411
14, 755
2,656
229
6,579
4,448
13 555
11,738
1,816
263
6 885
10, 373
17 618
15 541
2,078
439
6 500
11,457
21 746
19, 594
2,152
479
6 156
12 614
28 440
25 677
2,764
576
62
70
69
77
55
76
45
32
66
46
38
56
973
567
2,814
937
541
2,897
1,078
626
2,953
987
562
2,940
909
514
2,980
1,078
633
3,021
1,010
583
2,987
1,090
634
2,979
1,097
637
2,908
1,097
633
2,783
1,038
597
2,711
913
519
2,676
952
551
2 631
41, 935
272, 571
67, 903
41, 345
44, 369
277, 309
69, 507
39, 631
50, 140
280, 972
79, 207
46, 477
36, 802
278, 446
68, 987
39, 328
28, 542
267, 661
68, 314
39, 327
34, 517
259, 764
75, 898
42 414
55, 938
274, 018
74, 716
41, 684
50, 194
280, 724
76, 614
43, 488
41, 994
275, 415
81, 890
47 303
28, 996
262, 117
75, 478
42 294
31, 972
248, 798
78, 524
45 291
26, 591
234, 656
64, 162
40, 733
33 244
229, 735
62 404
38 165
4,696
4,571
4,812
4,424
3,888
5,037
4,467
5, 015
28.00
28.73
28.50
4,898
28.00
28.73
28.50
4,687
28.00
28.73
28.50
4,815
28.00
28.73
28.50
4,435
29.60
30.12
30.50
3,992
30.00
30.86
30.50
5,087
30. 00
30.86
30.50
4,550
33. 00
33.55
33.50
5,123
33.00
33.81
33.50
4,830
33.00
33. 81
33.50
5,081
33.00
33.81
33.50
4,810
34. 20
35.08
34.70
4,585
36,00
37.21
36.50
4,917
771
830
881
687
668
674
735
777
126, 471
90, 567
25, 910
137, 304
98, 265
25, 619
130, 606
93, 878
27, 425
123, 907
88, 136
22, 108
139, 029
101, 140
28, 699
125, 612
92, 822
28, 212
134, 909
99, 701
27, 125
144, 175
106, 127
29, 185
140, 874
103, 779
28, 850
139, 031
103, 888
31, 879
116,956
85, 014
21, 280
120, 405
88, 719
22, 584
670, 523
543, 831
126, 692
101, 987
72, 136
29, 851
736, 482
603, 833
132, 649
118, 697
82, 796
35, 901
726, 733
595, 359
131, 374
108, 112
73, 124
34, 988
707, 060
579, 778
127, 282
110, 346
75, 360
34, 986
723, 158
591, 558
131,600
g 116, 074
79 061
37, 013
713, 909
581, 337
132, 572
111, 004
78 560
32, 444
717, 428
586, 992
130, 436
115, 456
83 743
31, 713
698, 615
570 130
128, 485
121, 475
90 076
31, 399
662, 579
544 058
118, 521
115, 743
85 729
30, 014
633, 467
519, 760
113, 707
110, 446
80 761
29, 685
630, 925
529, 817
101, 108
92, 352
70,316
22, 036
626, 227
526 392
99,835
98 009
69 639
28, 370
6,556
87
6,952
89
6,458
85
5,761
74
7,213
93
6,422
92
7,307
94
7,043
94
7,329
95
6 969
93
6,570
85
6,989
90
571 913
20 528 .
141 308
2,426
_
Iron and Steel Scrap
Ore
Iron ore:
All districts:*
Production
.thous. of long tons__
Shipments.
do
Stocks, end of month.
do
Lake Superior district:
C onsumption by furnaces
do
Shipments from upper lake ports
do__ _
Stocks end of month total
do
At furnaces
-- _-do
On Lake Erie docks
do_
Imports§
do
Manganese ore, imports (manganese content) §
thous. of long tons__
6 638
12 122
33 896
30 397
3 499
Pig Iron and Iron Manufactures
Castings, gray iron:*
Shipments, total
thous. of short tons__
For sale
- _
do
Unfilled orders for sale
do_ . _
Castings, malleable iron:cf
Orders new, for sale
- short tons. _
Orders, unfilled, for sale
do
Shipments, total
-.
do _ _
For sale
do
Pig iron:
Consumption*
thous. of short tons..
Prices, wholesale:
Basic (furnace)
...dol. per long ton..
Composite
.do
Foundry, No. 2, f. o. b. Neville Island*. .do
Production*
thous. of short tons__
Stocks (consumers and suppliers'), end of month*
thous of short tons
Steel, Crude and Semimanufactures
Steel castings :f
Shipments, total.. _ _ _
short tons.. 129, 666
94, 063
For sale, total. .
do
24, 712
Railway specialties
do
Steel forgings, for sale:*
666, 360
Orders unfilled, total
. do
537, 815
Drop and upset
do
128, 545
Press and open hammer
_
do
108, 424
6hipments total
do
73, 338
Drop and upset
do
35, 086
Press and open hammer
do _ _
Steel ingots and steel for castings:
6,925
Production
thous. of short tons..
89
Percent of capacity!
Prices, wholesale:
.0305
Composite, finished steel
dol. per lb._
Steel billets, rerolling (Pittsburgh)
39.00
dol. per long ton..
.0235
Structural steel (Pittsburgh)
dol. per lb__
18.75
Steel scrap (Chicago)
..dol. per long ton..
r
Revised.
.0305
.0305
.0305
.0312
.0329
.0329
.0329
.0329
.0329
.0329
.0329
.0360
39.00
.0235
18.75
39.00
.0235
18.75
39.00
.0235
23.13
39.00
.0235
27.25
42.00
.0250
29.75
42.00
.0250
31.63
42.00
.0250
36.69
42.00
.0250
33.05
42.00
.0250
29.25
42.00
.0250
30.88
42.60
.0256
36.95
45. 00
. 0280
39.88
cf Since May 1944 the coverage of the malleable iron castings industry has been virtually complete; see note in the February 1947 Survey for further information.
§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.
JFor 1947, percent of capacity is calculated on annual capacity as of Jan. 1,1947, of 91,241,000 tons of steel; 1946 data are based on capacity as of Jan. 1,1946, 91,891,000 tons.
*New series. For data beginning September 1941 for softwood plywood see p. 16 of the September 1944 Survey. For description of the series on scrap iron and steel and 1939-40 data, see
note marked "*" on p. S-29 of the November 1942 Survey. The series for iron ore, all districts, are from the Department of the Interior, Bureau of Mines, and cover the entire industry, monthly
data beginning 1943 and earlier annual totals will be shown later. Data for 1943-45 for gray iron castings are shown on p. 24 of the January 1947 Survey. For pig iron consumption and stocks
for 1939-40 and a description of the series, see note marked "*" on p. S-29 of the November 1942 Survey. The series on pig iron production is approximately comparable with data in the 1942
Supplement (data in that volume are in short tons instead of long tons as indicated); see p. S-30 of the May 1943 Survey for further information and data for 1941-42. The pig iron price series
replaces the Pittsburgh price shown in the Survey prior to the April 1943 issue. For 1945 data for steel forgings see note on p. S-32 of the March 1947 Survey; data for total shipments, including
shipments for own use, and steel consumed have been discontinued.
tBevised series. Data for steel castings are estimated industry totals; see note on p. S-32 of the July 1946 Survey for comparable figures beginning January 1945.
SUEVEY OF CUKKENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-33
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Barrels and drums, steel, heavy types:®
10, 318
Orders, unfilled, end of month
thousands _
2,393
Production
do 2.405
Shipments
_
._ _ _
do...
28
Stocks, end of month
do _
Boilers, steel, new orders: J
1,424
Area
thous. of sq. ft
1,588
Quantity
number..
Cans, metal (in terms of steel consumed):*
Shipments (for sale and own use), total
short tons.. 343, 338
302, 756
Food
j.
do
40, 582
Nonfood
do .
300, 870
Shipments for sale
. do
1,391
Commercial closures, production*.
millions. .
25, 439
Crowns, production*
thousand gross _
Steel products, net shipments:©
4,965
Total
thous of short tons
501
Merchant bars
do
501
Pipe and tubes
_ __ _do
421
Plates
do
217
Rails
. ._ do
1,116
Sheets
do
124
Strip— Cold rolled
do _ _
137
Hot rolled
do
351
Structural shapes, heavy
do - _
295
Tin plate and terneplate
do
387
Wire and wire products
do - _
12, 202
2,039
2,036
30
13, 071
2,354
2,351
33
13, 612
2, 198
2,213
19
15, 014
2,091
2,093
17
15, 501
2,327
2,317
27
15, 867
2,064
2,066
25
14, 976
2,291
2,292
25
14, 542
2,455
2,455
25
14, 370
2,303
2,306
21
13, 612
2,244
2,242
23
13, 299
2,188
2,185
26
1,646
1,682
1,973
1,890
1, 453
1,441
1, 452
1,462
1,414
1,392
1,343
1,265
1,421
1,348
1,378
1,337
1,428
1,212
1,925
1,346
1,630
1,565
318, 304
282, 075
36, 229
277, 829
1,340
25, 159
258, 763
215, 247
43,516
222, 307
1,574
28, 901
192, 134
151, 882
40, 252
161, 951
1,401
25, 196
198, 406
157, 030
41, 376
167, 637
1,323
24, 307
174,890
129, 914
44, 976
138, 203
1,426
27, 603
157, 758
111, 154
46, 604
123, 761
1,154
24, 136
179, 901
125, 683
54, 218
142, 638
1,174
26, 265
204, 662
139, 536
65, 126
160, 091
1,083
27, 219
207, 201
145 823
61, 378
165, 078
984
25, 058
4,590
452
446
397
199
1,076
115
137
347
244
365
5,261
549
498
467
226
1,233
133
158
387
253
410
5 020
507
482
466
210
1,220
132
144
356
248
391
4 533
460
418
386
174
1,081
123
135
310
265
392
5 063
525
467
468
227
1,202
126
146
362
248
420
4,626
474
428
445
191
1,093
116
136
334
229
364
5 304
558
502
527
181
1,275
132
144
390
293
396
5 446
549
518
555
206
1,274
141
151
392
318
425
5 442
561
535
579
204
1,274
142
150
382
305
425
232, 602 r 309, 659
168, 249
235 856
64, 353 r 73, 803
193, 265 r 275, 571
845
••781
24, 261
27, 377
5,264
501
527
563
205
1,225
138
141
364
308
407
387,001
314 196
72' 805
343 453
890
27 229
4 975
493
480
464
199
1,181
116
131
357
324
335
NONFERROUS METALS AND PRODUCTS
Aluminum:
95, 038
166, 616
113,445
88, 606
29,811
93, 752
157, 437
129, 133
108, 795
189, 615
173, 706
Imports, bauxite §
long tons
181, 999
Price, wholesale, scrap castings (N. Y.)
.0575
.
0575
.0682
.0755
.0725
.0719
.0444
dol. per lb__
.0775
.0775
.0550
.0667
.0600
.0440
Aluminum fabricated products, shipments, total*
148.7
151.2
158.6
156.9
181.8
163.1
161.7
152.3
144.1
167.0
124.8
mil. of lb_
132.2
121.7
34.6
36.4
42.3
37.5
43.0
38.2
37.8
41.7
40.7
37.4
33.0
Castings*
do ._ 30.4
30.2
114.2
119.4
123. 9
116.4
114.8
138.8
110.7
126.3
124.9
106.7
91.8
Wrought products, total*
do
91 5
101 7
91.9
96.6
92.7
88.8
99.5
91.0
83.3
81.6
110.1
70.5
96.3
82.4
Plate, sheet, and strip*
do
72.2
.237
.237
.275
.289
.289
.293
.275
.275
.237
.259
.300
Brass sheets, wholesale price, mill
dol. per lb__
.296
.296
Copper:
5,386
9,173
11,018
13, 462
11,721
14, 168
14,921
2,131
10, 564
14, 020
17, 254
Exports, refined and manufactures §_ .short tons..
14, 569
21,272
25, 182
26,114
45, 431
32, 503
26, 291
52, 527
26, 261
33, 182
23, 203
40, 138
Imports, total§
do
37, 524
2,656
8,784
6,944
9,298
2,950
1,225
7,989
4,115
6,809
3,233
12, 340
For smelting, refining, and export§
do
3 519
18,322
22, 526
13,921
31, 278
26, 373
17, 330
19, 347
15,215
36, 133
36, 905
48, 412
For domestic consumption, total§
do
34, 005
19,315
23, 929
7,805
12, 158
9,755
23, 625
9,715
18, 272
12, 933
25, 099
32, 993
Unrefined, including scrap§
do
18, 796
3.211
7,349
9,525
7,189
12, 508
4,206
50
13, 440
5,460
15, 419
11,806
Refined §
do
15, 209
.1415
. 1415
.1415
.1704
.1935
.2091
.1928
.1927
.2123
.2211
.2135
Price, wholesale, electrolytic (N. Y.)— dol. per lb._
.2123
.2123
Production :c?
Mine or smelter (including custom intake)
69, 748
74, 474
64, 462
72, 807
84, 356
78, 674
78, 256
73, 024
i 88, 927
91, 203
82, 308 r 79, 135
short tons..
83, 409
67, 803
77, 947
77, 591
75, 066
87, 141 i 104, 430 108, 464
Refinery,
._ . . _ .... do ... 59, 591
77, 578
80, 144
103, 448
88, 052
94, 605
118,381
113, 158
117,734
141,218
136, 481
129, 206
120,820 i 115,379
143, 692
118,048 i 116,652
96, 304
Deliveries, refined, domesticcf
do
109,817
98, 619
74, 645
80, 832
94, 669
91,161
1 85, 293 ' 85, 183 r 82, 542 r 77, 773
90, 896
76, 680
71, 507
Stocks, refined, end of month cf -- do..
76, 009
Lead:
9, 477
12, 405
24, 427
12, 909
19, 295
8, 345
21,105
18, 898
18, 585
Imports, total, except mfrs. (lead content) §.do.-_
18, 113
23, 058
13, 030
Ore (lead content) :
27, 229
28,610
25, 875
29, 857
31,116
28, 065
27, 872
31,658
31,201 r 31, 406
Mine production*. ._ .
.
. do ..
31, 476
28, 736
31, 373
28, 054
27, 324
32, 157
36, 328
30, 907
26, 180
37, 581
Receipts by smelters, domestic ore:cf
do
31, 307
34, 269
33, 688
32, 271
31, 877
Refined:
Price, wholesale, pig, desilverized (New York)
.0825
.0825
.0825
.1044
.1496
.1219
.1293
. 1318
.1500
dol. per lb__
.1500
.1500
.1500
.1500
43, 062
44, 053
Production, totalcf _.
short tons
35, 690
40, 720
40, 041
53, 424
40, 448
45, 629
51, 239
40, -109
53, 822
45, 235
46,012
39,012
41,217
41,210
38, 943
42, 506
33, 994
38, 287
46, 699
48, 995
49, 984
41, 505
From domestic orecf
do
42 536
43 725
32, 811
34, 047
41,008
49, 638
52, 465
ShipmeiitscT
_.
_
do
40, 613
34, 764
50, 568
44, 888
50, 482
54, 627
52 549
46,^46
34, 275
40, 944
42, 992
43, 233
Stocks, end of month cf
do
44, 834
47, 233
48, 088
48, 826
48, 262
41, 990
37 836
31 048
31 290
Tin:
Im ports :§
153
4,904
1,774
Ore (tin content).. _ _ ... __ ._ long tons
3,593
783
0
3,937
694
415
3,011
1,409
2 596
2, 542
581
2, 462
419
33
Bars, blocks, pigs, etc
do
1,991
1,195
60
54
1, 285
443
3,406
.5200
Price, wholesale, straits (N. Y.)
dol. per lb_.
.6452
.7000
.5200
.5200
.7000
.8000
.7000
.8000
.8000
. 7000
. 8000
.8000
Zinc:
Imports, total (zinc content) §
short tons..
21, 241
25, 424
14, 425
57, 396
43, 935
32, 041
27, 331
25, 753
33, 582
48, 627
43, 135
50, 055
For smelting, refining, and export §
do
3 637
22, 482
3 476
742
5 842
3 624
9 025
5 441
10 082
6 367
11 534
5 441
For domestic consumption :§
Ore (zinc content)
do
14, 007
17, 242
8 899
29, 275
12, 823
26 762
18, 608
29 896
15, 278
28, 930
20 306
35 431
Blocks, pigs, etc
do
4 545
4 784
4 923
9 809
3 758
6 612
7 088
6 909
13 289
5,639
4 839
5 599
r
Mine production of recoverable zinc*
...do
45, 893
51,517
49, 891
48, 433
48, 993
51, 085
55, 134
56, 827
54, 925
57, 406
60 316
48 140
Slab zinc:
Price, wholesale, prime Western (St. Louis)
.0825
dol. per lb._
.0825
.0887
. 1012
.1050
. 1050
.1050
.1050
.1050
.1050
.1050
.1050
.1050
Productioncf .
_
.short tons
59, 752
58, 475
73, 891
64, 138
73, 970
66, 873
70, 176
72 332
65, 198
75, 376
70 990
66 852
69 128
Shipmentscf
do
65 927
72 243
73 915
91 429
75 788
70 803
63 527
74 795
59 653
51 886
76, 074
90 204
59 737
52 132
60, 130
52 390
DomesticcT
do
43, 522
58 827
77, 904
67,211
65, 356
67, 325
71, 667
75, 781
61, 715
44 801
162. 049
237. 613
230. 161
220. 384
162. 461
163. 697
174. 327
173. 337
190.917
166. 864
Stocks, end of month rf
.. ... do
195. 828
175. 800
183. 718
r
Revised. ® Beginning 1943, data have covered the entire industry, i See note marked "d*".
tit is believed that data beginning 1945 represent substantially the entire industry; in prewar years the coverage was about 90 percent.
©Total shipments less shipments to members of the industry for further conversion; data prior to 1944 were production for sale.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
cfBeginning April 1947 data for copper include copper from all sources; earlier data relate to domestic and duty-free foreign copper except that deliveries included deliveries of duty-paid
foreign copper for domestic consumption; stock figure for April 1,1947, comparable with later data, is 80,522 tons. For data for January 1942-April 1944 for these series, and also for the indicated
lead and zinc series, see p. 24 of the June 1944 Survey. Total shipments of zinc include for August and September 1946 shipments for Government account in addition to shipments to domestic
consumers and export and drawback shipments.
*New series. See note marked "*" on p. S-33 of the February 1947 Survey for description of the data on aluminum fabricated products and reference to 1945 figures for the total; data prior
to 1946 for the detail will be published later. Data for closures, crowns, and metal cans are compiled by the Bureau of the Census and cover all producers; data prior to 1946 will be shown
later. Data for mine production of lead and zinc are from the Department of the Interior, Bureau of Mines, and are practically complete; monthly figures beginning July 1941 and earlier
annual totals will be shown later.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1&4'
1946
August
September
October
1947
November
December
January
February
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Boilers, radiators and convectors, cast iron:§
Boilers (round and square) :
29, 452
27, 982
19, 856
26, 003
28, 849
29, 528
25, 713
28, 451
30, 066
25,838
Production
thous of Ib
25 380
20,506
24, 294
23, 694
23, 782
26, 073
25, 326
30, 954
23, 185
26, 342
27, 021
32, 243
Shipments,.
do ...
26, 881
21,045
32, 173
38, 082
41, 461
44, 984
35, 088
35, 861
51, 327
37, 591
50, 824
39, 769
Stocks, end of month
do
50,285
41, 076
Radiation:
3,250
4,619
4,168
4,862
4,820
4,523
4,321
4,984
4,472
3,494
Production
. _ _ _ thous. of sq. ft
3,878
4,302
4,200
4,441
4,065
4,597
4,369
4,286
4,858
4,746
3,764
4,698
Shipments
do
4,469
4,032
2,254
2,675
2,899
1,732
2,256
2,768
3,137
2, 909
3,151
2,816
3,421
Stocks
do
3,179
60,
821
67,
140
78,
400
66,
597
64,415
••81,608
'
55,
220
'93,137
r
99,
026
'
107,
025
Boilers, range,
shipments*
_
_
_
_
number
.
113,
524
48,454
Oil burners:0
11, 795 1-10,338
118, 308
105, 689
86, 196
87, 872
5,959 ' 34, 963
99, 009
81, 888
Orders, new, net
do _
101, 818
1,650
Orders, unfilled, end of month..
do .,. 907, 304 931, 853 956, 966 990, 350 1, 002, 380 1, 008, 813 1, 045, 876 1, 077, 832 968, 114 874, 902 ' 804, 608 rT 703, 704
96, 694
99, 380
74, 166
99, 171 «• 105, 257
72, 305
81, 439
81, 245
57, 339
73, 896
Shipments
do
57, 426
102. 554
14, 745
7,039
11, 903
13, 337
6,407
10, 487
15, 392
7,588
18, 924
Stocks, end of month
do. ..
5,198
5,543
22, 657
Stoves and ranges, domestic cooking, exc. electric:*
305, 406 313, 694
226, 291 302, 809
281, 510
296, 874
254, 261
288,178 ' 288, 123 256, 693
Production, total
number. . 263, 215 249, 542
40,411
46, 175
31, 701
39,317
49, 288
44, 814 •• 39, 373
34, 142
42, 232
33, 175
34, 520
36, 150
Coal and wood
do
203, 631 210, 406
153, 972 206, 130
188, 387
193, 684 •• 203, 380
169, 929
204, 190
172, 054
179, 531
Gas (inch bungalow and combination).. -do
181, 190
52, 712
55,600
54,000
57, 362
49, 680
40, 618
49, 032
45, 370
41,012
47, 505
45, 471
50, 452
Kerosene, gasoline, and fuel oil
do
416, 216 ' 412, 517 r 446, 533 474, 682
457, 360
467, 577 360, 150 388, 957
466, 854
Stoves, domestic heating, production, total*__do
376, 557 377, 803 528, 984
89,
049
97,
264
95,063
92,
349
151,
979
131,
053
90,728
135,
191
206,
873
163,
115
103,
740
146,
901
Coal and wood*
do
159, 496
139, 879
175, 282
157, 716
162, 518
160, 936
175, 940
104, 037
116, 405
151, 271
186, 412
155, 945
Gas*
do
132,
197
145,
871
131,
222
«•
162,
452
142,
863
175,
588
114,
497
152,
468
137,
329
166,
166
••179,865
184,
530
Kerosene, gasoline, and fuel oil* _.
do_.
Warm air furnaces (forced air and gravity air flow),
60, 196
55, 297
66, 308
54,864 r 54, 985
78, 167
76, 537
72, 303
83, 502
89,005
62, 246
56, 462
shipments, total*.
number
23,944
14, 562
14, 209
23,163
26, 292
9,876
29, 089
28, 954
' 9, 669
20, 192
27, 545
9,569
Gas*
do
22,
050
14,
385
17,
552
22,683
9,112
24,631
14,
980
'
25,
128
6,345
9,537
12,
296
21, 721
Oil*
do
24, 812
22, 951
19, 038
37, 490
32, 603
20,357 r 20, 188
35, 709
40, 028
47, 620
46, 420
25, 172
Solid fuel*
do
282, 408 ' 244, 626 ' 210, 487 r 192, 372
Water heaters, nonelectric, shipments* . do
«• 218, 727 «• 216, 981 ' 275, 173 ' 263, 199 ' 256, 786 293, 315 270, 843
197, 499
85
666
122
20
231
254
681
276
MACHINERY AND APPARATUS
Blowers, fans and unit heaters:
Blowers and fans new orders
thous of dol
Unit heater group, new orders
do
Foundry equipment:
New orders, net, total
1937-39=100
New equipment
do
Repairs
_ _ _ _ _ _
_
do
Machine tools, shipments*
thous. of dol
Mechanical stokers, sales:*
Classes 1, 2, and 3
number
Classes 4 and 5:
Number
Horsepower
Pumps and water systems, domestic, shipments:*
Domestic hand and windmill pumps. _ .number..
Water systems, including pumps, total
do
Jet*
do
Nonjet*
_
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous . of dol _ .
Scales and balances (except laboratory), shipments,
quarterly*
thous of dol
Sewing machines, heads, production:*
Industrial
number
14, 953
7,216
15, 292
10, 113
17 382
10, 193
10 054
6 522
538.7
555.5
484.1
26, 911
424.4
415.4
453.5
25, 468
469.2
407. 1
672.0
29, 140
477.4
421.0
661.5
26, 176
430.9
379.0
600.3
27, 587
513.4
466.9
665.0
26, 542
521.9
472.5
682.9
26, 765
573.8
532.3
709.5
29, 012
512.1
445.9
727.9
26, 857
548.6
525.9
623.0
25, 791
649.9
658.9
620.7
24,383
20, 354
19, 437
17, 269
14, 946
7,594
4,282
2,306
3,598
4,061
5,281
427
70, 827
450
63, 055
454
78, 454
357
58, 495
339
49, 903
215
54, 852
177
52, 705
280
56, 661
174
57, 563
170
52, 981
25, 003
60, 251
28, 889
31,362
24, 082
55, 485
26, 737
28, 748
30, 552
68, 289
34, 728
33, 561
28, 917
57, 986
30, 103
27, 883
23, 434
62, 319
34, 141
28, 178
26, 737
59, 545
31, 125
28, 420
28, 310
64, 455
33, 930
30, 525
36, 261
62, 586
32, 773
29, 813
36, 578
70, 792
35, 671
35, 121
38, 745
61, 045
29, 173
31, 872
3,789
3,223
3,581
3,260
3,035
3,428
3,506
3,464
3, 638
2,973
9,864
7,751
7,364
9,695
12, 760
10, 832
10, 764
10, 089
12, 506
11, 368
11, 687
458.7
426 1
565.3
18, 924
468 9
411 3
656 8
18 520
5,851
7,092
9,041
270
63,168
380
81, 269
398
97 752
36, 946
54, 300
21, 564
32, 736
23, 561
56, 183
26, 015
30,168
21, 101
60, 897
28 150
32, 747
2,999
3,148
3,843
r
11 612
14, 002
11,835
' 11, 575
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement only),
1,601
1,868
1,213
1,798
1,318
1,509
1,873
1,471
1,355
1,150
' 1, 737
number* . ... _. __
.. thousands
1,433
2,073
Domestic electrical appliances, shipments:
279,
219
272,
949
327,
528
265,
790
266,
062
234,
148
223,
039
268,
432
Vacuum cleaners, total*
number
265, 364
258, 892 272, 927 321, 515
259, 153
216, 219
260, 572
226, 060
Floor
do
6,292
6,013
7,585
6,820
6,909
6,898
8,088
7,860
Hand
do
320, 969
255, 611 290, 397
190, 770
259, 233
313, 724 314, 705 281, 826
189, 778
184, 215
247, 816
216, 634
279, 229
Washers*
do
Electrical products:!
405
405
294
337
373
284
351
331
388
361
348
Insulating materials, sales billed
1936 ~ 100
493
459
394
468
Motors and generators new orders
do
Furnaces, electric, industrial, sales:
6,514
8,854
3,615
7,528
5,060
3,586
9,889
4,869
3,341
8,240
4,227
5,298
Unit
kilowatts
322
551
1,079
476
389
2,104
714
789
308
647
600
432
Value
thous. of dol
4,859
4,168
4,471
4,074
4,687
4,092
3,507
3,761
4,328
4,550
4,150
4,002
3,619
Laminated fiber products,
shipments
-do
Motors (1-200 h. p.): rf1
29, 589
9,861
8,621
8,437
7,871
32 668
7,519
Polyphase induction billings
do
38, 332
13, 875
15 445
13 808
14, 756
11,962
31 849
Polyphase induction new orders
do
1,825
4,359
1,344
1,234
1,222
4,821
1,011
Direct current billings
do
1,741
2, 204
3,620
5,318
5 155
2,067
1,215
Direct current new orders
do
Rigid steel conduit and fittings, shipments!
24, 252
18, 757
20,088
18, 297
21,110
22, 141
18, 683
20, 742
20, 533
22, 218
21, 471
20, 821
19, 745
short tons_.
Vulcanized fiber:
4,241
4,824
4,741
5,004
4,488
4,598
4,125
5,059
5,086
4,771
4,582
5,124
3,790
Consumption of fiber paper
thous. of Ib
1,744
1,942
1,791
1,765
1,701
1,757
1,640
1,288
1,330
1,758
1, 625
1.425
Shinments...
_ ___ .
thous. of doL.
1.559
r
Revised.
i Cancellations exceeded new orders.
|See p. 24 of the January 1947 Survey for available data for 1942-45 for cast-iron boilers and radiation; these series continue data in the 1942 Supplement.
•See notes on the indicated items on p. S-33 or S-34 of the September 1947 Survey for source and coverage of data for vacuum cleaners and coverage of the data for oil burners, mechanical
stokers, and pumps and water systems. Data for washers are from the American Ironer and Washer Manufacturers' Association and beginning January 1947, are estimated industry totals
based on reports reDresenting around 92 percent of the total; earlier data cover only companies reporting to the Association; comparison with totat industry shipments compiled by the Bureau
of the Census for January-September 1946 indicates that data for this period represented about 97 percent of the industry; information is not available at present on the coverage of data for the
latter part of 1946.
cf Beginning 1947 data for motors are collected quarterly and data shown are quarterly totals; the 1947 data for polyphase induction motors include 6-7 companies and for direct current
motors 2-3 companies which did not report prior to 1947; information regarding the effect of these additions on the comparability of the data is not available at present.
*New series. Data for range boilers, stoves and ranges, warm-air furnaces, water heaters, sewing machines and scales and balances are compiled by the Bureau of the Census and are complete, or practically complete; data for 1943-45 for domestic heating stoves are shown on p. 20 of the April 1947 Survey; data prior to 1946 for the other series will be shown later (data beginning
March 1944 for total shipments of warm-air furnaces are available in the May 1945 Survey). For source of data on machine tool shipments and reference for 1940-42 data, see note on p. S-34 of
February 1947 Survey and for data beginning August 1942 for automotive replacement battery shipments, see p. S-31 of November 1943 Survey.
fRevised series. See note in February 1947 Survey regarding unpublished revisions in the indexes of new orders for motors and generators and sales of insulating materials; the index for
motors and generators is now computed on a quarterly basis and represent quarterly totals. Data on rigid steel conduit and fittings were revised in the July 1946 Survey (see note in that issue).
SUEVEY OF CUEEENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-35
1946
August
September
October
1947
November
December
January
February
March
April
May
June
July
August
PAPER AND PRINTING
PULP WOOD AND WASTE PAPER
Pulp wood:*
Consumption
thous. of cords (128 cu. ft.)-Receipts total
do
Stocks end of month
do _ Waste paper:*
Consumption
short tons.Receipts
do
Stocks
- do
1,558
1,920
3,639
1,503
1,821
3,956
1,628
1,705
4,034
1,585
1,382
3,818
1,473
1,438
3,780
1,666
1,709
3,814
1,523
1,861
4,153
1,702
1,819
4,255
1,647
1,430
4,035
1,714
1,465
3,767
1,634
1,683
3,816
' 1, 559
' 1, 901
' 4, 161
1,676
1,954
4,433
635, 827
635, 567
460, 946
607, 231
604, 136
453,896
680, 047
707, 738
481, 398
651, 974
636, 387
464, 676
596, 247
634, 491
515, 361
678, 241
657, 165
492, 702
620, 667
587, 481
458, 826
684, 637
667, 975
435, 411
668, 727
711, 509
475, 915
693, 879
697, 152
473, 917
648, 768
656, 684
481, 911
' 607, 061
' 615, 155
' 482, 392
651, 283
629, 528
462, 443
2,737
136, 428
9,271
20, 735
35, 297
50,636
1,770
18, 719
6,475
167, 977
15, 537
38, 921
39, 661
53, 075
1,318
19, 465
9,534
160, 791
20, 567
26, 615
38, 318
54, 596
1,699
18, 996
11,928
141, 995
14, 132
17, 872
39, 610
48,190
1,597
20,594
13, 140
148, 921
13, 402
21, 673
43, 417
44, 022
1,621
24,786
14, 161
175, 067
19, 988
28, 669
40, 330
59, 488
1,592
25, 000
7, 951
227, 246
17, 008
46, 816
45, 672
89, 065
1,692
26, 993
7,244
225, 807
20, 133
53, 044
48, 678
75, 229
1,719
27,004
WOOD PULP
3,591
4,334
2,302
1,947
Exports all grades total §
do
Imports all grades total §
- - do - - 147, 417 133, 141 152, 707 135, 001
3.263
6,348
7,562
7,818
Bleached sulphate §
do
33, 864
29, 292
32, 893
28, 051
Unbleached sulphate §
do
31,113
33, 988
28, 104
26, 938
Bleached sulphite§
- do
62, 459
49, 574
49, 822
51, 986
Unbleached sulphite§
do
1,529
1,556
1,410
1,070
Soda§
- -- - -do-_
25, 199
14, 418
20, 871
19, 138
Groundwood§
do
Production:!
981
Total all grades
__ thous. of short tons. 880
••909
947
79, 811
76, 008
Bleached sulphate
short tons.- '81,311
77, 472
Unbleached sulphate
-_do _ _ r 330, 899 314, 645 343, 457 336, 697
152, 564
135, 185
143, 184
144, 605
Bleached sulphite
_ __ do- _
75, 732
71,711
Unbleached sulphite
do
' 68, 730 64, 407
42, 655 p 38, 947
42, 010
40, 717
S0da
- - do - '150,712
143, 340 ' 170, 198 ' 168, 663
Groundwood
do
' 42, 969 ' 58, 173 ' 63, 504 ' 58, 477
Defibrated exploded etc.*
- do-Stocks, end of month :f
72, 432
77,606
71,916
76, 590
Total all grades
-- do
6,021
7,589
7,193
6,218
Bleached sulphate
- -do
7,865
6,430
8,350
8,765
Unbleached sulphate
do
17, 185
16, 713
17, 620
18, 615
Bleached sulphite
do __
15,
399
15,294
13,
605
12,
154
Unbleached sulphite
do
2,726
2,481
2,690
2,611
Soda
- -- do
21,831
17, 943
21, 423
28, 230
Groundwood
do
998
887
75, 135
87, 764
304, 130
350, 101
159, 571
141,358
67, 047
75,060
39, 154
42, 343
' 158, 860 ' 175, 268
' 56, 193 ' 62, 782
70, 609
6,836
7,222
20,326
9,513
2,088
22, 897
74, 887
7,542
8,545
19,500
8,610
2,431
25, 971
1,013
913
79, 766
89, 792
321, 127
354, 293
146, 907
162, 270
68, 901
73, 967
37, 696
42,092
' 160, 178 ' 180, 184
' 55, 206 ' 63, 988
74, 465
6,990
7,809
17, 747
9,938
2,808
27,188
79, 694
7,447
7,043
21, 004
11, 128
2,422
28,630
985
87, 175
337, 047
160, 223
74, 131
41, 655
' 179, 324
' 63, 956
83,786
6,926
8,331
20, 564
10, 645
3,052
32, 046
1,040
995
92, 484
90, 141
366, 873
354, 853
164, 791
152, 426
79, 133
73, 518
43, 324
41, 696
' 184, 506 ' 173, 802
' 67, 096 ' 64, 664
95, 771
7,079
7,545
26,295
13, 527
2,709
35, 452
103, 598
7,108
8,067
27, 475
15, 332
3,102
39, 626
'935
' 92, 058
'331,275
142, 436
64, 268
38, 345
' 160, 507
' 62, 000
1,025
97, 748
366, 588
161, 922
76, 291
40, 881
168, 580
66,877
96, 601
'7,320
r
6, 311
23, 952
14, 143
2,858
38, 725
98, 667
5,257
6,885
31, 604
16, 982
3, 073
31, 551
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:*
Paper and paperboard production, total
f
thous. of short tons. - ' 1, 703
r 1, 739
' 1, 626
1,800
f 1, 766
1,754
r 1, 667
' 1, 834
' 1, 590
1, 570
1,728
' 1, 625
1,765
'863
'889
845
'819
Paper
--do. _
893
'901
800
803
885
'930
883
'817
894
••755
'765
'722
'711
'802
Paperboard
do
'740
'688
'778
'777
751
'805
'708
767
'82
'85
'79
'85
'85
Building board
--do
'79
'95
'92
'98
'99
'95
'101
104
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :f
Orders new
.
short tons.- 646, 889 681, 582 745, 909 640, 569 644, 338 809, 564 671, 294 738, 255 692, 057 714, 355 ' 706, 860 ' 662, 928 665, 335
Production
do. -- 704, 694 648, 551 721,954 690, 813 654, 939 728, 303 666, 630 732, 863 711, 517 752, 028 rf 714, 440 T* 653, 139 691, 597
632, 877
736, 737
695, 803
701, 343
649, 478
667, 801
726, 511
709, 453
Shipments
-__do
721, 800
743, 947
706, 868
643, 993
691, 329
-Fine paper:
109, 332
84, 304
85, 449
101,055
81, 565
114, 900
93, 388
119, 009
102, 900
Orders new
-do
90, 494 ' 104, 998 ' 96, 914
88, 346
Orders unfilled end of month
do _ - 161,480 176, 288 174, 098 159, 403 161, 502 166, 112 161, 085 166, 788 165, 340 148, 310 ' 157, 020 ' 155, 155 146, 484
103, 161
102, 908
92, 573
100, 943
94, 870
105, 100
97, 608
Production
- -- do _
106, 484
102, 434
107, 558 '101,311 " 89, 983
100, 806
104, 245
99, 592
112, 537
88, 037
93, 037
98, 095
Shipments
do
107, 504
105, 153
100, 664
108, 327 r 100, 313 r 86, 491
102, 046
53, 504
54,635
Stocks end of month
_
do 59, 081
52, 578
52, 970
47, 596
47, 939
47,880
48, 985
49, 285 r 52, 681 ' 52, 307 50,260
Printing paper:
254, 603
212, 033
234, 622
223, 580
235, 764
Orders new
-do
202, 087
314, 706
252, 988
238, 918
259, 849 ' 243, 519 ' 233, 202 249, 955
Orders unfilled end of month
do
248, 257
221, 908
229, 328
241, 498
226, 988
290,502
296, 114
292, 367
281, 212
274, 006 ' 278, 132 r 262, 095
261, 270
Price, wholesale, book paper, "B" grade, English finish, white, f. o. b. milL.dol. per 100 lb._
8.55
8.55
8.28
8.55
9.68
9.30
9.30
9.80
9.80
9.80
10.24
10.55
9.80
246, 718
Production
short tons
236, 530
230, 394
223, 860
219, 460
252, 360
230, 039
256, 045
252, 348
264, 444 ' 248, 796 r 234, 509
246, 345
249, 933
237, 857
235, 028
215, 967
Shipments
do
213, 137
226, 676
250, 429
249, 862
252, 770
258, 296 ' 246, 379 ' 232, 759
242, 060
r
Stocks end of month
do
55, 331
62, 013
50, 504
55, 100
59, 320
57, 113
60, 440
67, 234
63, 943
68, 674
* 82, 103
72, 765
80, 855
Wrapping paper:
Orders new
__
do
261, 804
278, 773
253, 345
252, 261
245, 954
249, 396
279, 440
270, 461
252, 330
238, 034
263, 424 ' 265, 650 ' 248, 642
Orders, unfilled, end of month
do
214, 298
193, 693
197, 134
213, 506
184, 065
191,210
186, 735
182, 985
178, 430
153, 045
161, 563 ' 176, 165 ' 168, 929
266, 987
248, 021
274, 416
264, 614
248, 937
249, 479
Production
- - do
272,357
271, 949
252, 321
256, 878
276, 919 r 268, 179 ' 241, 642
267, 254
276, 005
264, 765
252, 874
Shipments
__
do._243, 728
272, 050
252, 127
269, 497
275, 131 r 264, 947 ' 238, 278 255, 133
256, 026
Stocks end of month
do
64, 162
72, 263
71, 230
66, 026
67, 131
64, 128
61, 972
59, 211
59, 788
60, 225
' 67, 455 ' 68, 625
59, 372
Newsprint:
Canada:
Production
__
_
do
370, 676
364, 304
330, 063
376, 436
341, 951
341, 268
372, 482
370, 000
379, 731
384, 520
369, 490
377, 941
355, 606
Shipments from mills
do
356, 572
335, 874
387, 294
391, 388
340, 125
344, 543
319, 831
379, 065
373, 769
388, 106
376, 305
400, 763
375, 498
Stocks, at mills, end of month
___ __ do129, 701
123, 890
113, 032
85, 948
87, 774
113, 231
134, 668
133, 381
110, 323
91,097
126, 566
90, 431
80, 932
United States:
Consumption by publishers.. __ .. - do
257, 303
292, 205
265, 583
291, 517
294, 835
302, 672
266, 422
258, 424
302, 994
263, 698
297, 461
292, 664
281, 102
295, 934
Imports §
do
293, 228
305, 777
323, 457
318, 576
294, 042
260, 815
322, 357
353, 091
315, 334
328, 747
349, 134
Price rolls (N Y.)
dol. per short ton
72.15
74.00
80.00
84.00
84.00
84.00
84.00
84.00
90.00
90.00
90.00
90.00
90.00
Production
short tons
65, 129
61, 025
67, 248
64, 739
62, 088
68, 634
62, 802
67, 916
67, 656
73, 498
71, 933
67, 268
70, 507
Shipments from mills
do
67, 206
66, 966
55, 587
62, 107
62, 054
69, 492
68, 872
68, 955
65, 226
73, 988
69, 326
70, 997
66, 743
Stocks, end of month:
At mills
_ _- do
6,832
12, 270
12, 552
15, 184
15, 218
14, 360
11, 936
10, 980
10, 652
8,925
11,951
11, 426
11, 833
At publishers
do
243, 331
240, 602
217, 303
217, 438
219, 478
231, 694
224, 453
206, 064
212, 724
278, 918
215, 995
295, 385
228, 793
In transit to publishers .
..
do
64, 331
82, 167
60, 634
79, 676
73, 328
75, 602
69, 466
73, 699
68, 401
84, 009
68, 773
64, 985
71,664
Paperboard (National Paperboard Association) :{
742, 918
Orders, new
_ . _ _ _ do
712, 650
806, 828
703, 825
697, 357
802, 016
713, 834
742, 712
747, 358
760, 236
720,388
770, 304
715, 054
Orders, unfilled, end of month
do
575, 021
613, 221
580, 228
555, 398
542, 896
586, 121
549, 774
494, 554
577, 777
582, 603
511,918
425, 412
461, 226
Production
do
768, 200
692, 200
781, 700
750, 900
688, 646
774, 667
718, 072
714, 529
747, 115
805, 744
768, 412
765, 026
737, 551
Percent of activity.
99
99
99
92
96
98
103
103
90
100
101
101
99
Waste paper, consumption and stocks:^
Consumption _ _
short tons
439, 696
420,
867
399, 684
474, 317
397, 478
450, 740
416, 935
456, 127
464, 323
445, 180
424, 391
400, 625
430, 271
Stocks at mills, end of month
do_ __ 313, 975 299, 218 309, 990 304, 100 321, 434 313, 398 274, 850 266, 879 289, 297 293, 347 299, 507 312, 685 1 302, 366
r
Revised. d"Estimated; see note in April 1943 Survey,
JSee not e in Septeinber 1947 Survey for reference t o revisions
§Data continue series published in the 1942 Supp lenient bu ; suspende d during t]le war period; data for October 1941-Febru ary 1945 w ill be publ shed later.
*T\Tpw Qf»riPQ
TJata for
fnr pulpwood,
rmlr»TJ7rw"kH waste
T*7c>efo paper
-r\ar»or and
a
Data
paper and paperboard are from the Bureau of the Census and are industry totals; for 1942 monthly averages and data beginning 1943
for total paper and paperboard, see p. S-32 of the August 1944 Survey; data for paperboard and building board have been revised transferring liner for gypsum and plaster board and stock for
laminated wallboard and other building board from building board to paperboard; earlier revisions for these series and unpublished revisions in data for paper will be shown later. For data
beginning March 1945 for pulpwood and waste paper see p. S-34 of May 1946 Survey; earlier data for these series and data beginning 1941 for defibrated, exploded, etc., pulp will be published later.
tRevised series. Revised wood pulp production for 1940-43 and sulphite stocks for 1943 are shown on p. 20 of the December 1944 Survey and revised 1942 stock figures for all series are on
p p. 30 and 31 of the June 1943 issue; revisions in the 1943 data for groundwood and total production shown in the December 1944 Survey and unpublished revisions in the 1944 production data
fo
for these two series will be shown later; beginning in the May 1947 issue, data for total production of wood pulp include defibrated, exploded, etc., pulp, shown separately above,
which was not included previously; stocks of such pulp are comparatively small and are not included in the stock figures; stock data are stocks of own pulp at mills. The series from the American Paper and Pulp Association beginning in the August 1944 Survey are estimated industry totals and are not comparable with data in earlier issues; there have been further small revisions
in the 1943-44 data as published prior to the June 1945 issue; these revisions and earlier data will be published later.
SUEVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 194'
1946
August
September
1947
October
November
December
January
February
March
April
May
June
July
August
PAPER AND PRINTING— Continued
PAPER AND PAPER PRODUCTS—Con.
Paper products:
Shipping containers, corrugated and solid fiber,
shipments*
mil. sq. ft. surface area..
Folding paper boxes, value:*
New orders
1936=100 .
Shipments
__ do ...
PRINTING
Book publication, total
no. of editions. .
New books
do
Now editions
do
5,233
4,919
5,512
5,242
4,828
5,475
5,289
5,566
5,438
5,245
4,662
4,592
4,754
381.0
368.3
414.6
351.5
440.2
409.4
363.8
397.0
421 .4
405.9
490.3
474.5
445.6
439.7
414.5
470.9
414.4
483.0
399.7
458.9
343.8
447.6
317.0
394.6
370.7
432.8
510
401
109
656
532
124
848
675
173
863
704
159
846
621
225
470
372
98
557
436
121
1,027
808
219
852
678
174
811
650
161
531
426
105
592
439
153
678
526
152
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
Exports§
__thous. of short tons__
Prices, composite, chestnut:
Retailf
dol. per short ton-Wholesale
do ...
Production®
thous. of short tons..
Bituminous:
Exports§
- - -do
Industrial consumption and retail deliveries, total
thous of short tons
Industrial consumption, total
do
Beehive coke ovens
do
Byproduct coke ovens
do
Cement mills
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
_
do
Other industrial
do
Retail deliveries
do
Other consumption:
Vessels (bunker) §
-do
Coal mine fuel
do
Prices, composite:
Retail (34 cities)f
dol. per short ton._
Wholesale:
Mine run
_ do _ _
Prepared sizes
.
do _ _ _
Production!
thous. of short tons
Stocks, industrial and retail dealers, end of month,
total
thous. of short tons
Industrial total
do
Byproduct coke ovens
do
Cement mills
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail dealers, total
do
COKE
Exports§ _ __
thous. of short tons
Price, beehive, Connellsville (furnace)
dol. per short ton..
Production:
Beehivec?
thous of short tons
By product cf
do
Petroleum coke . _ _ do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants. _
._ do
At merchant plants _ _ _
do
Petroleum coke
do
761
717
16.56
13. 584
5,428
16.81
13. 593
'5,033
546
16.78
13. 593
' 5, 393
556
16.80
13. 597
' 4, 975
957
577
396
528
880
831
714
16.63
13. 620
' 5, 065
16.87
13. 768
5,155
16.84
13. 753
4,240
16.83
13. 767
4,967
16.82
13. 650
4,279
16.17
13. 458
4,549
16.17
13. 520
4,609
16. 50
' 13. 713
4,084
4,555
7,578
7,560
5,323
150
200
177
149
5,874
5,070
4,185
3,644
1,712
3,192
3,183
4,164
41, 565
33, 958
788
7,781
675
6,314
9,092
760
8,548
7,607
42, 424
34, 041
729
7,578
656
6,280
8,790
725
9,283
8,383
46, 698
36, 714
867
7,814
693
6,708
9,571
850
10, 211
9,984
44, 516
35, 401
562
6,992
694
6,447
8,879
799
11, 028
9,115
45, 940
37, 281
599
6, 757
676
6,732
9,515
871
12, 131
8,659
55, 788
42, 843
877
7,964
658
7,158
10, 104
943
15, 139
12, 945
52, 399
39, 855
798
7,245
607
6,594
9,431
904
14, 276
12, 544
52, 487
41, 498
895
8,025
651
6, 938
10, 137
947
13,905
10, 989
146
240
134
224
140
237
135
158
88
179
77
249
91
214
125
233
529
17.48
14.615
4,994
11.23
11.10
11.08
11.14
11.22
11.82
11.97
11.99
12.00
12.09
12.10
12.68
14.02
5.972
6.194
54, 686
5.976
6.199
51, 922
5.989
6.200
57, 485
5.998
6.212
37, 501
6.044
6.305
43, 746
6.217
6.506
58, 970
6.230
6.526
51, 400
6.252
6.532
55, 375
6.334
6.569
' 6. 344
6.573
' 56, 484
6.368
6.581
47, 500
'r 7. 119
7. 334
' 39, 866
7.429
7.634
51, 020
47, 990
44, 567
5, 230
768
13, 907
8,117
843
15, 702
3,423
52, 367
48, 965
5,924
891
14, 563
8,800
855
17, 932
3,402
54, 924
51, 532
6,593
1,046
15, 638
9,274
888
18, 093
3,392
52, 429
49, 546
6,355
1,054
14, 549
7,587
877
19, 124
2,883
47, 157
44, 453
5,222
887
13, 044
6,959
785
17, 556
2,704
49, 169
46, 003
5,919
861
13, 208
7,673
909
17, 433
3,166
49, 471
47, 340
6,645
881
13, 453
7,682
985
17, 694
2,131
51,674
49, 547
7,429
935
14, 059
8,262
1,141
17, 721
2,127
97
r 41, 187
r
93
76
78
49
49
38
69
76
66
63
35
8.000
8.750
8.750
8.750
8.750
8.812
8.875
8.875
9.062
9.125
9.562
11. 000
12. 000
540
5,495
186
500
5,377
190
574
5,545
212
372
4,954
191
396
4,797
197
562
5,619
203
514
5,129
178
580
5, 658
209
429
5,383
195
587
5, 530
218
'452
5, 322
201
421
5,373
224
569
5,634
807
398
409
72
949
503
446
89
1,120
653
467
96
1,034
602
432
93
893
542
351
90
797
523
274
94
716
527
189
77
676
504
172
91
652
460
191
89
671
445
226
84
668
400
268
89
773
458
315
86
983
545
438
r
PETROLEUM AND PRODUCTS
Crude petroleum:
134, 953
146, 897
150, 120
145, 181
146, 816
140, 514
148, 171
153, 348
141, 210
153, 604
161, 844
Consumption (runs to stills) f
thous. of bbl.. 150, 550
4,602
4,622
3,794
3,542
2,585
3,257
3,687
2,481
3,999
5,184
4,789
3,758
Exports§
do
8,172
8,422
8,956
8,916
8,154
7,149
6,176
8,205
7,631
7,846
8,361
7,856
Imports §
do
1.560
1.485
1. 560
1.710
1.460
1.460
1.560
1.810
1.810
1.460
1.810
1.810
Price (Kansas-Okla.) at wells
dol. per bbl._
1.810
144, 800
134, 693
152, 160
144, 674
146, 471
149, 228
156, 024
149, 910
143, 708
148, 323
159, 237
152, 978
Productionf
thous. of bbl
94
94
95
94
93
95
94
96
95
Refinery operations
_ _ _ _ _ pet. of capacity _
96
97
98
Stocks, end of month:
222, 177
224, 473
223, 848
225, 121
224, 157
222, 417
228, 981
235, 710
226, 453
237, 768
237, 278
230,974
Refinable in U S f
thous. of bbl
54, 785
53, 894
52, 074
53, 344
53, 113
55, 833
57, 106
59, 310
60, 386
59, 013
59, 160
56, 656
At refineries
do
152, 988
154, 637
155, 434
156, 238
153, 160
154, 501
153, 469
158, 207
160, 484
163, 740
162, 784
At tank farms and in pipe lines. _
do
159,556
14, 669
14, 902
15, 122
15, 027
14, 855
15, 034
14, 871
15, 054
14, 840
15,015
14, 762
15, 334
On leasesf
do
5,584
5,790
5,999
5,483
5,335
5,703
5,066
5,401
5,953
5,825
5,429
5,208
Heavy in California
_
do
1,314
1,425
1,434
1,196
1,358
1,248
1,453
1,247
1,333
1,626
1,842
Wells completed!
number
1,523
Refined petroleum products:
Fuel oils:
Domestic demand :§
18, 131
23, 110
32, 450
35, 294
29, 279
21, 321
13, 828
14, 520
31, 687
19, 262
16, 355
Distillate fuel oil
thous. of bbl
16, 977
37, 014
41. 497
48, 299
43, 308
45, 852
37, 925
33, 509
47, 405
42, 140
40, 057
38, 237
Residual fuel oil
do
40, 412
Consumption by type of consumer:
4,372
2,914
3,280
5,313
4, 426
3,696
3,564
3,462
3,264
2,963
3,273
3,715
3,810
Electric power plants t
do
7,249
7,307
7,607
7,460
6,537
7,138
6,950
6,729
6,675
6,653
6,564
6,714
Railways (class I)
do
5,002
5,579
5,710
6,164
5,374
2,367
5,818
6,132
3,695
6,470
6, 371
6,080
Vessels (bunker oil) 5
___do
' Revised.
<g>Revisions not shown above: January, 4,968,000; February, 4,774,000; March, 5,476,000; April, 5,069,000; May, 5,453,000; June, 3,625,000; July, 5,248,000.
cf Unpublished 1946 revisions: Beehive—Jan., 419,000; Feb., 379,000; Mar. 478,000; Apr., 22,000; May, 28,000; June, 378,000; Byproduct—Jan., 3,822,000; Feb., 2,647,000; Mar., 5,030,000;
Apr., 3,875,000; May, 2,589,000; June, 4,444,000.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
•fThe comparability of the data is affected in some months by a reduction in the number of cities or by a change in the sample; averages August, September, November, and December
1946 and January 1947 comparable in each case with data shown above for the following months are given in notes in the September 1947 Survey; February-July 1947 data are directly comparable
and cover 16 cities for anthracite and 30 cities for bituminous coal. July 1947 averages comparable with August for anthracite and bituminous are $16.46 and $13.04, respectively.
*New series. 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. Minor revisions in the January-May
1944 figures for folding paper boxes and January 1943-May 1944 data for shipping containers are available on request.
fRevised series. See note marked "t" on P- S-36 of the September 1947 Survey for reference to 1941-45 revisions for bituminous coal production and 1941 revisions for the indicated series
on petroleum products; 1942-43 revisions for the latter series are available upon request.
SUEVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-37
1947
1946
September
August
October
November
December
January
February
March
April
May
July
June
August
PETROLEUM AND COAL PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
"Refined petroleum products— Continued
Fuel oils— Continued
Exports:§
Distillate fuel oil
thous. of bbl
Residual fuel oil
do
Price, fuel oil (Pennsylvania)
dol. per gal__
Production:
Distillate fuel oil
thous. of bbl
Residual fuel oil
__
do
Stocks, end of month:
Distillate fuel oil
do
Residual fuel oil
__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
Motor fuel:
All types:
Domestic demand§ .. _
__
_ do
Exports§
do
Prices, gasoline:
Wholesale, refinery (Okla.)
dol. per gal..
Wholesale, tank wagon (N. Y.)
do
Eetail, service stations, 50 cities.
do...
Production, totalf
-thous. of bbl.
Gasoline and naphtha from crude oil. do
Natural gasoline and allied products Jt do __
Sales of 1. p. g. for fuel, etc. and transfer
of cycle products
thous of bbl
Used at refineries f
do
Retail distributioncf- mil. of gal
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbl._
At refineries
do
Unfinished gasoline __ _
do
Natural gasoline
do .
Aviation gasoline:*
Production, total
_.do ___
100 octane and above
do
Stocks, total
do
100 octane and above...
do...
Asphalt:
Imports§
_
short tons
Production
do .
Stocks, refinery, end of month
__ __do
Wax:
Production
thous. of Ib
Stocks, refinery, end of month
do ...
Asphalt prepared roofing, shipments, totalf
thous. of squares..
Smooth-surfaced roll roofing and cap sheet-do
Mineral-surfaced roll roofing and cap sheet.do
Shingles, all types...
do
Asphalt siding, shipments*
do
Saturated felt, shipments*.
short tons
2,715
321
.062
1,992
730
.062
891
550
.062
758
316
.062
1,273
831
.066
876
733
.070
1,751
713
.070
2,093
672
.071
2,766
635
.073
2,189
593
.075
2,088
679
.075
2,987
600
.079
23, 703
35. 942
23, 877
34,512
24, 432
33, 777
23, 741
33, 015
24, 970
35, 937
24, 131
36, 390
21, 746
34, 390
25, 577
37, 876
22, 925
34, 438
24, 954
37, 328
24, 214
36, 977
26, 270
38, 550
54, 068
48, 186
62, 019
54, 012
67, 870
55, 580
68, 145
52, 735
59, 620
47, 094
48, 197
41,550
36, 901
38, 480
31, 423
37, 403
30, 268
36, 455
34, 279
39, 992
39, 676
43, 515
46, 444
47, 600
4, 321
767
5,284
701
7,502
312
8,899
414
11,513
664
12, 325
394
10, 532
929
10, 078
1,017
8,082
889
6,068
202
5,910
711
5,348
746
.074
8, 179
12, 382
.074
7,825
13, 442
.074
8, 566
13, 926
.074
7, 893
12, 734
.075
8,782
9,772
.076
9,415
7,299
.076
9,243
6,126
.078
9,476
5,260
.081
8,854
4,870
.082
9,284
7,328
.082
8,717
8,956
.088
9,117
10, 867
3,236
1,135
3,095
694
3,536
706
2,900
906
2,900
1,063
2,680
1, 254
2,929
1,273
3,066
1, 25.9
3,104
1,361
2,873
1,338
3,003
1 300
.200
4, 096
7,030
.214
4,016
7,244
.248
4,327
7,338
.250
3,857
7,384
.274
4,135
7,564
.298
4,204
7,773
.300
3,925
7,753
.308
4,480
8,015
.310
4, 267
7,936
.310
4,608
8,070
.330
4 427
8,281
338
4 227
8 188
66, 701
3,604
62, 216
3,608
66, 598
2,386
61,315
3,068
61, 043
3,688
57, 057
2,892
50, 551
4,834
59, 947
4,091
63, 406
3,358
70, 865
3,480
71,329
3,937
73 441
4 009
.068
.158
.155
69, 707
62, 079
9,821
.070
.159
.155
66, 284
58, 914
9,574
.070
.159
.155
67, 305
59, 607
10, 275
.070
.159
.156
66, 072
58, 636
10, 155
.070
.161
.157
69, 028
61, 387
10, 651
.070
.161
.158
65, 904
58, 560
10, 651
.070
.161
.159
60, 485
53, 591
9,944
.076
.167
.171
66, 701
59, 069
11, 033
.080
.172
. 171
63, 374
55, 502
10, 803
.080
.172
.171
68, 535
60, 681
10, 392
.080
.172
.171
69, 847
61, 855
10, 505
.080
174
172
73, 494
65, 200
11,019
2,193
5,774
' 2, 795
2,204
5,390
«• 2, 559
2,577
6,023
' 2, 706
2,719
6,232
2, 501
3,010
5,813
«• 2, 520
3,307
5,859
2,319
3,050
4,908
2,173
3,401
5,271
2,449
2 931
5,618
2,611
2,538
5,300
2,901
2 513
5,898
2,931
2 725
6 176
78, 833
47, 347
7,912
6,943
78, 848
47, 021
8,173
7,060
77, 628
46, 244
8,324
6,312
79, 980
47, 581
8,607
5,487
84, 534
51, 927
8,208
4,981
90, 300
57, 066
9,323
4,794
94, 985
61, 332
8,687
5,010
96, 952
63, 089
8,727
5,265
92, 719
58 852
9,005
5,604
86, 727
54, 752
8,482
5,566
81, 160
50, 610
8,614
5,452
77, 069
47 929
8 934
5,269
2,388
469
4,551
1,782
2,176
496
4,483
1, 836
2,190
417
4,612
1,666
1,942
550
4,742
1,635
1,989
675
4,553
1,472
1,805
704
4,322
1,410
1,943
713
4,293
1,374
2,221
954
4, 168
1,342
2,446
566
4 692
1,381
2,870
1,219
4 811
1,543
' 3, 003
r 1, 671
3,467
1 545
5 144
1,804
18, 772
871, 300
691, 800
27, 811
827, 800
626, 500
8,253
806, 500
577, 800
0
670, 400
622, 200
88
615, 800
702, 000
11,389
540, 500
781, 800
19, 144
12, 022
21, 923
20, 323
11 093
532, 400
602, 700
789, 300
606, 700
823, 800
888, 200 1, 001, 800 1, 028, 500 1, 063, 100 1, 000, 500
21 956
879 800
866 200
69, 160
73, 360
68, 600
83, 160
74, 480
84, 840
79, 240
89, 880
79, 800
86, 240
83, 720
82, 040
81, 760
85, 120
93, 520
91, 560
80 080
85, 680
89 600
89, 320
78 120
88 200
89 600
93 520
5,516
1,837
1,128
2,550
465
26, 921
5,264
1,633
1,146
2,486
451
25, 207
5,646
1,760
1,237
2,649
440
29, 106
5,328
1,725
1,168
2, 435
447
25, 286
5,231
1,691
1,134
2,407
364
25, 089
5,827
1,942
1,287
2,598
436
25, 584
5,300
1,886
1,162
2,252
421
25, 482
5,809
1,969
1,273
2,567
461
28, 408
6,097
1,997
1,326
2 775
440
30, 277
5,968
1,798
1,399
2,771
384
30, 456
5,806
1,747
1,368
2 691
334
32 758
' 5, 600
' 1, 630
»• 1, 287
f 2 683
42, 529
65 724
345 175
r
r
2,951
1, 105
r
r 1, 353
r
4 847
.085
.092
.350
.083
174
.174
33 234
5,617
1,592
1,307
2 719
280
34 686
' 40, 389
57 626
i 131 624
i 130 549
T
r 271
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption!
long tons. . 28, 405
35, 731
Imports, including latex and Guayule§
do
Stocks, end of month § .
do ... 185, 580
Synthetic rubber:*
Consumption
do
61, 486
2,188
Exports __ _
do
64, 300
Production
do
Stocks, end of month
do
103, 076
Reclaimed rubber:§
24, 566
Consumption
«_
_
_
do _ _
25, 798
Production
do
35, 742
Stocks, end of month
_ _ _.
ao
TIRES AND TUBES
Pneumatic casings: §
264
Exports
.
_. thousands..
7,054
Production
do
Shipments
_
do
6,825
1,689
Original equipment
do
Stocks, end of month
do
3,006
31, 123
41,737
199, 591
35, 421
46, 887
200, 799
37, 323
£9, 266
218, 672
38, 802
46, 658
237, 467
45, 328
92, 779
294, 191
40, 983
60, 678
283 479
43, 104
36 088
280 812
43, 818
46 Oil
292 970
43, 018
93 026
330 960
58, 798
2.603
63, 765
108, 840
60, 729
487
62, 086
110,913
57, 794
1,786
60, 305
113, 556
53 453
1,877
b2, 648
114, 963
58 764
3,450
62 103
llo, 655
53
2
59
119
321
434
12t>
912
55 514
710
57 478
121*322
54 333
665
50 117
116 829
48 692
441
39 069
105 291
23, 715
23, 956
35, 404
26, 706
26 322
34, 261
24, 385
24, 748
33, 516
23, 597
25 254
33, 666
27 715
25 545
30 053
25 484
23 990
27 417
26 157
26 209
3l' 940
25 066
26 696
33 527
21 908
25 408
37 145
42
2
35
97
580
290
681
612
21 283
24 144
39 598
46, 208
37 607
454
31 917
r 97 728
32 901
91 293
r 20 433
r 21 2^2
r 39 704
20 918
21 484
40 310
r
38 834
____
411
353
363
419
502
423
36°
7 915
8 508
8 577
8 333
8 104
7 583
6 790
7 441
7 360
7 499
7 526
7 892
7*273
7*283
1,922
2 005
2 138
2 457
1 894
2 130
1 974
r
3,328
3,865
4,516
5,608
6,426
6, 670
5,838
«• Revised, i Beginning July 1947 data are reported stocks available to industry
cT See note in the April 1946 Survey. Revisions for January 1945-July 1946 will be shown later.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for 1941-45 for reclaimed and natural rubber and for tires and tubes (p. S-38) are shown on
pp. 22 and 23 of the December 1946 Survey; data for October 1941-February 1945 for other series will be shown later.
tlncludes natural gasoline, cycle products, liquefied petroleum gases at natural gasoline plants and benzol; sales of liquefied petroleum gas for fuels and for chemicals and transfers of cycle
products are deducted before combining the data with gasoline and naphtha to obtain total motor fuel production.
*New series. Data beginning 1939 for aviation gasoline, compiled by the Bureau of Mines, and data begining 1943 for asphalt siding and saturated felts, compiled by the Bureau of the
Census, will be published later. For data for 1941-45 for synthetic rubber, see p. 23 of December 1946 Survey.
fRevised series. For 1941 revisions for the indicated series on petroleum and products, see notes marked "f" on p. S-33 of the March and April 1943 issues; 1942-43 revisions are available on
request. See note in April 1945 Survey for explanation of revision in data for asphalt roofing.
155
7,233
6,947
1,636
3,372
198
8,197
8,425
1,874
3, 041 J
358
7,595
7,478
1,656
3,112
413
7 511
8,137
1,839
2,448
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1947
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
RUBBER AND RUBBER PRODUCTS—Continued
TIRES AND TUBES—Continued
Inner tubes: §
Exports
...
Production
Shipments
Stocks, end of month
__
. thousands _
do
do
_do
193
7,034
6,918
3,929
109
7,148
6,702
4,433
125
8,187
8,408
4,10b
258
7,680
7,260
4,483
313
7,402
7,923
3,820
334
8,719
7,188
5,075
282
7,841
6,289
6,621
297
7,921
6,466
8,050
337
7,093
5,731
9,480
475
5,752
6,571
9,772
332
5,440
5, 779
' 9, 413
T
282
4,542
6,216
7,909
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments-reams..
PORTLAND CEMENT
Production
thous. of bbL.
Percent of capacity
_ . ..
...
Shipments
thous. of bbl
Stocks, finished, end of month
_ _ . ...do
Stocks, clinker, end of month
do
CLAY PRODUCTS
Brick, unglazed:
Price, wholesale, common, composite, f. o. b. plant
dol. per thous. .
Production*
thous. of standard brick ._
Shipments*
.
do...
Stocks, end of month*
do _ _
Structural tile, unglazed:*
Production
. short tons..
Shipments
do
Stocks
do
Vitrified clay sewer pipe:*
Production
do
Shipments
_
do
Stocks
do
GLASS PRODUCTS
Glass containers:!
Production.. .. .
thous. of gross.
Shipments, domestic, total
do
General use food:
Narrow neck food
do
Wide mouth food (incl. packers tumblers)
thous. of gross. .
Beverage
do
Beer bottles
do
Liquor and wine
.
do
Medicinal and toilet
do
Chemical, household and industrial . ...do ...
Dairy products
do
Fruit jars and jelly glasses ..
_. _
do ._
Stocks, end of month
do
Other glassware, machine-made:
Tumblers :f
Production
thous. of dozens
Shipments
do
Stocks
do
Table, kitchen, and household ware, shipments!
thous of dozens
Plate glass, polished, production.. .thous. of sq. ft_.
GYPSUM AND PRODUCTS
Crude gypsum:
Imports §
thous of short tons
Production
do
Calcined production
do
Gypsum products sold or used:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath
thous of SQ ft
Tile
do
Wallboardo"
do
Industrial plasters
short tons
161, 631
150, 726
166, 649
164, 733
145, 383
151, 364
143, 017
158, 716
155, 873
146, 352
134, 834
126, 722
16, 213
79
17, 955
9,308
4,580
16, 450
83
17, 153
8,612
3,898
16, 410
81
17, 721
7,298
3,598
15, 335
78
14, 803
7,830
3,512
14, 557
71
11, 494
10, 921
3,886
13, 406
66
8,395
15, 931
4,593
12, 618
68
8,434
20, 112
5,354
14, 205
69
12, 133
22, 178
5,996
14, 566
74
15, 414
21, 331
6,338
13, 389
66
15, 328
19, 308
6,326
15, 971
81
18, 188
'r17, 096
5, 736
20 099
13, 338
5 501
18, 558
501, 287
481, 377
286, 534
18, 787
470, 998
443, 647
310, 814
18, 843
509, 839
480, 121
339, 129
19,000
455, 676
424, 705
368, 953
19. 095
381, 146
354, 782
383, 824
19, 315
376, 848
324, 868
448, 752
19,361
334, 624
268, 460
509, 022
19. 400
339, 963
326, 776
522, 627
19. 412
377, 586
382, 610
515, 806
19. 416
19. 550
411,991 r 414, 634
402, 780 'f 406, 918
525, 985 528 873
19, 668
434 730
453, 768
503 611
125, 352
124, 293
56, 923
116, 845
115 474
57, 664
128, 276
122 157
62, 633
123, 976
107, 833
80, 497
113, 682
102 278
87, 580
112,119
97, 764
101,950
97, 421
82 505
116, o03
97, 443
96 050
118,07o
107, 543
107, 101
118, 637
105, 681 r 101, 742
116 260
100,876
• 98 364
109 217
116, 549 ' 117 080 124, 748
108, 042
108, 446
133, 143
99 000
106, 518
125 491
116, 567
110, 751
131, 330
102, 857
98, 495
134, 560
103,135
103, 313
137, 887
112, 992
103, 896
143, 194
104, 504
93, 241
154, 653
109, 254
10-7, 758
156 061
101,914
107,851
150, 033
117,018 r 115,717
109, 613
114, 588 r 111, 547
109, 964
152,314 ' 156 358 155, 946
10, 659
10, 406
9,815
9,633
10, 533
10. 376
9,610
9,332
9,344
9,352
11. 153
10, 101
9,281
8,650
10, 582
9,645
10, 358
9,637
10,578
9,492
9,619
8,316
130,489
16 342
80
19,937
' 8, 877
' 8, 127
9,476
8,859
1,287
1,309
971
744
723
743
679
918
1,050
1,007
928
764
1,285
i 3, 217
615
417
1,252
2,221
717
332
1347
3,917
2,864
529
460
1 216
2,051
582
314
309
3,940
i 3, 204
571
576
1,408
2,491
687
364
i 105
3,906
2,978
517
573
1,372
2,099
658
318
73
3,905
i 2, 881
513
b39
1,342
2,227
651
331
144
3,591
i 3, 078
623
832
1,420
2,295
725
359
125
4,167
i 2, 445
569
804
1,262
1,947
620
286
138
4,554
2,481
760
1,140
1,293
1,906
658
356
133
5,141
2,307
853
1,342
993
1,967
610
354
161
5,475
2,079
9b2
1,697
761
1,844
573
341
227
6,085
1,650
1,093
1,616
1,754
' 1, 152
1,263
1,309
' 1, 449
2,322
1,212
676
627
1,479
466
307
486
7,300
7,891
7,946
4,784
6 711
6,078
5 352
7,763
7,657
5,326
6,848
6,527
o,544
6,470
6,242
4,879
7,586
6,352
6,095
4,835
4,736
6,478
6,272
5,975
5,575
6,639
6,140
6,262
6,769
6, 234
6,672
6,210
5,261
7,729
4,993
4,346
7,775
4,335
16, 803
3,645
21, 142
5,000
23, 271
3,168
20, 781
2,298
18, 411
4,489
21, 980
2,668
20, 268
2,213
22, 605
3,454
21, 419
3,658
23, 171
3,331
21,026
2,302
17, 670
21,401
10, 428
9, 956
21, 267
11,615
11, 769
21, 113
663
433
305
320
6,849
572
1 522
1,173
542
1,642
1,250
186
1,557
1,164
409
1,467
1,166
389 021
472, 603
519, 788
407, 354
422 025
8,392
103 442
295 620
4,508
557 537
49 941
482, 306
r 9, 479
115, 806
328 491
5,138
589, 374
55 484
386, 830
11,833
109, 089
364, 675
5,464
517, 458
58, 577
r
575
397
308
464
' 7, 065
391, 548
12, 520
101, 567
391, 142
7,281
520, 358
46, 745
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous of dozen pairs
Shipments
do
Stocks, end of month
do
13, 545
12, 135
18, 129
13, 204
13, 519
17, 720
14, 554
15, 138
17, 087
13, 289
13, 583
16, 722
12, 122
11, 953
16,802
14, 592
13, 394
18, 042
13, 171
12, 529
18,686
12, 921
12,711
18, 980
13, 029
12, 535
19, 480
11, 672
11, 269
19, 910
10, 558
10, 542
20, 795
COTTON
Cotton (exclusive of linters):
677, 489
710, 601
882, 880
728, 251
875, 124
827, 234
840, 463
774, 177
947, 036
931, 229
877, 461
855, 511 818, 449
Consumption
_ bales.
302, 773
83, 918
382, 909
275, 104
248, 549
289, 672
385, 050
455, 342 361, 370
242, 177
413, 395
103, 781
Exports §
do
62, 029
8,163
9,898
12, 083
10, 730
10, 543
10, 381
14, 630
40, 984
51, 218
17, 896
36, 201
Imports §
do
.332
.359
.335
.341
.323
.319
.306
.292
.297
.300
.377
.353
.336
Prices received by farmersf
dol. per lb_Prices, wholesale, middling, lYi&"t average, 10
.343
.372
.360
.375
.352
.351
.319
.333
.309
.324
.369
.355
.361
markets
dol. per lb_.
r
Revised, i Jelly glasses included with wide mouth food containers.
§See note marked "§" on p. S-37.
c? Includes laminated board reported as component board.
*New series. See note marked "*" on p. S-37 of September 1947 Survey for reference to tables giving the earliest data available for the clay products series.
tRevised series. See note on p. S-34 of the July 1944 Survey regarding changes in the data for glass containers and comparable figures for 1940-42 and note in May 1946 Survey for changes
in the reporting companies for other machine-made glassware. For revisions for farm price of cotton for August 1937-July 1942, see p. S-35 of June 1944 Survey.
SUKVEY OF CURRENT BUSINESS
October 1947
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
S-39
1947
1946
August
September
October
November
December
January
February
March
April
May
June
July
August
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of lintcrs)— Continued
Production: 1
Ginnings c?
thous of running bales
Crop estimate, equivalent 500-lb. bales
thous of bales
Stocks, domestic cotton in the United States, end
of month:
Warehouses
thous. of bales _ _
Mills
do
Cotton linters:
Consumption
do
Production
do
Stocks, end of month
_
_ _ ._do.
533
2,334
5,725
7,366
3,785
1,983
4,280
•• 1, 864
5,845
1,928
6,161
2,019
87
26
285
75
74
292
79
162
349
82
169
388
7,783
r
8,166
1
8, 513
1
8, 637
194
647
j n 849
5,939
2, 126
5,192
2,159
'4,242
2,161
3,319
' 2, 126
2,469
2,040
1,797
1,862
79
129
437
94
136
472
80
97
485
87
68
483
85
51
466
80
34
423
1,168
' 1, 598
73
23
382
854
1,321
82
23
345
81
32
289
COTTON MANUFACTURES
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
production Quarterly* mil of linear yards
Cotton goods finished, quarterly:*
Production, total
do
Bleached
do
Plain dyed
do
Printed
do
Exports §
.
thous. of sq. yd
Imports! .- _
do
Prices, wholesale:
Mill margins _ . _
cents per lb-Denims 28-inch
dol. per yd
Print cloth, 64 x 60
_.do _.
Sheeting, unbleached, 36-inch, 56 x 60Q--do
Cotton yarn, Southern, price, wholesale, mill:
22/1 cones carded white
dol. per Ib
40/1, twisted, carded
do
Spindle activity:
Active spindles
thousands
Active spindle hours, total
.
mil. of hr
Average per spindle in place
hours__
Operations
pet. of capacity. _
2,190
2,359
2,474
2,333
59, 444
3,581
1,604
765
449
390
41, 109
2,311
41, 201
2,459
68,907
1,792
1,810
897
492
421
99, 872
2,190
86, 338
1,687
86, 808
'1,203
1,819
926
490
402
123, 375
888
138, 196
907
146, 686
1,135
1,760
918
438
403
125, 206
472
129, 275
1,076
25.93
.312
.134
°.165
27.40
.323
.140
".172
30.86
.338
.146
.180
40.78
.338
.147
.189
47.72
.338
.185
.198
51.60
.338
.192
.220
52.36
.338
.248
.232
53.37
.338
.255
.232
51.25
.338
.227
.232
47.86
.338
.216
.232
46.46
.338
.228
.232
49.49
.338
.242
.232
53.96
.338
.251
.232
.671
.804
.699
.819
.699
.819
.699
.819
.699
.819
.699
.819
.699
.819
.715
.882
.706
.882
.700
.890
706
.921
21, 463
9,449
396
112.4
21, 639
9,037
379
114.4
21, 754
10, 143
424
116.2
21, 524
9,499
397
119.6
21, 688
8,671
362
107.8
21, 919
10, 588
444
123.3
21, 954
9,590
402
125.6
21, 953
10, 030
421
125.4
21, 805
10, 243
428
121.7
21, 624
9,928
415
119.7
21,324
9,103
382
113.6
21, 415
8,531
358
101.7
21,197
9,034
379
112. 9
57.3
15.0
3,369
54.2
14.0
2,423
59.6
15.7
3,108
58.0
13.0
3,708
55.9
12.9
4,277
62.4
15.1
5, 770
56.3
14.9
4,326
60.0
16.2
4,350
60.1
18.3
4,233
59.5
'18.6
2,501
54.7
'16.5
2,795
'62.4
62.9
18.6
.550
.250
.550
.250
.550
.250
.585
.265
.620
.280
.620
.280
,690
.320
.690
.320
.690
.320
.690
.320
.690
.320
690
.320
.677
.320
8.4
2.3
9.1
2.6
9.7
2.6
9.7
2.5
6.0
1.6
7.3
2.7
6.9
2.3
7.0
3.1
7.7
2.9
8.5
3.8
8.3
6.6
rg 6
7.7
7 7
6.4
.643
<.756
4
.715
. 882
RAYON AND MANUFACTURES AND SILK
Rayon yarn and staple fiber:
Consumption:
Filament yarn
mil. of lb__
Staple
fiber
do
Imports§-_ _ _ thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. per Ib
Staple fiber, viscose, 1 ^ denier.
do
Stocks, producers', end of month:
Filament yarn
mil of Ib
Staple fiber_ _ _ _ _ _
_
.do
Rayon goods, production, quarterly:*
Broad woven goods
thous. of linear yards
Finished total
do
White
finished
do
Plain dyed
do
Printed
do
Silk, raw:
Imports§
thous. of Ib
Price, wholesale, Japan (N. Y.)§
dol. per lb_.
408, 204
384, 574
463, 188
465, 693
64, 070
299, 005
102, 618
428, 131
439, 912
50, 587
299, 595
89 730
267, 185
75, 720
r Ig 4
2 327
471, 425
435, 333
47, 545
301, 701
86, 087
22
41
4.000
3
4.150
479
, (3)
45, 724
13, 676
67, 528
52, 970
15, 995
63, 291
38,412
13, 668
62, 112
38, 648
13, 152
57, 566
48, 942
1.195
.555
1.225
.565
1.225
.565
1.225
.565
1.225
.565
1.220
.565
.872
.939
.990
1.002
1.040
1,025
1,456
7.045
567
6.820
379
7.018
1,510
6.405
2,672
6.272
858
6.220
429
4.682
186
4.050
49, 788
10, 308
89, 723
49, 900
10, 260
85, 658
63, 375
13, 435
70, 236
48, 156
11, 492
66, 177
46, 656
11, 752
56, 553
57, 750
14, 250
73, 716
48, 944
13, 088
57, 705
.995
.465
.995
.465
1.037
.480
1.106
.490
1.145
.530
1.155
.530
1.165
.545
.745
.757
.789
.850
.850
.850
(3)
(3)
WOOL
Consumption (scoured basis) :J
Apparel class
thous. of Ib
Carpet class
do
Imports §
do
Prices, wholesale:
Raw, territory, 64s, 70s, 80s, scoured*. dol. per lb__
Raw, bright fleece, 56s, greasy*
do
Australian, 64-70s, good topmaking, scoured, in
bond (Boston)* dol. per Ib
Stocks, scoured basis, end of month, total f
thous. of Ib
Apparel totalf
do
Domesticf
do
Foreignf
do
Carpetf
- do
.745
597, 502
490 847
297, 499
193 348
106, 655
544, 729
442 224
273, 916
168, 308
102, 505
505, 562
411,690
248, 145
163, 545
93, 872
491, 027
402, 057
270, 070
131, 987
88,970
WOOL MANUFACTURES
Machinery activity (weekly average) :^
Looms:
Woolen and worsted:
91
81
78
Pile and Jacquard* thous of active hours
2,551
2,547
2,516
2,209
2,687
2,503
2,632
2,322
2,186
2,608
2,592
Broad
do
85
66
45
84
75
70
47
43
Narrow
do
86
77
86
Carpet and rug:
131
113
127
118
130
113
110
109
137
105
106
Broad
do
114
114
117
122
94
93
101
102
101
117
100
Narrow
do
Spinning spindles:
99, 693
117, 164
108, 636
122, 605
112, 558
108, 936
88, 402
82, 113
85, 412
123, 886
120, 847
Woolen
do
114, 434
122, 115
112, 384
114, 515
123, 186
118, 421
112, 268
118, 212
115, 485
112 153
Worsted
do
110 807
245
223
245
236
223
221
226
227
229
230
217
Worsted combs
do
T
Revised.
• Included in data
for broad and narrow looms prior to April
1947.
cf Total4 ginnings to end of month indicated.
1
2
3
Total ginnings of 1946 crop. September 1 estimate of 1947 crop.
Not available.
Price for 40s, single, carded; comparable October figure, $0.034.
° See note marked "0".
OData beginning March 1947 are for 56 x 60 sheeting and are comparable with data through December 1942 published in the March 1944 and earlier issues of the Survey; earlier dates above
are on the wartime construction, 56 x 56.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941 to February 1945 (July 1946 for silk) will be published later.
f Data for October 1946 and January, April, and July 1947 are for 5 weeks; other months, 4 weeks.
{Revised series. See note marked "f" on p. S-39 of September 1947 Survey for reference to 1941 data for the yarn price series and information regarding revisions in data for wool stocks.
*New series. See notes marked "*" on pp. S-38 and S-39 of the September 1947 Survey for reference to earliest data published for cotton and rayon woven goods production, cotton and
rayon goods finished, and wool price series.
S-40
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1941 and descriptive notes may be found
in the 1942 Supplement to the Survey
October 1JU'
1946
Alienist
August
Se
Ptember
October
1947
November
December
January
February
March
April
May
June
July
August
TEXTILE PRODUCTS— Continued
WOOL MANUFACTURES— Continued
Woolen and worsted woven goods (except woven
felts):*
Production, Quarterly, total
thous of lin. yd
Apparel fabrics
.
do .
Men's wear
do
Women's and children's wear
do
General use and other fabrics
do
Blankets
do
Other nonapparel fabrics
do
Wool yarn:
Production total*^
. .. thous. of Ib
Knitting*1
do
Weaving*^
do ..Carpet and other*^
do
Price, wholesale, worsted yarn, 2/32s (Boston)
dol. per lb__
156, 907
137, 358
61,309
61,037
15,012
12,211
7,338
146, 588
127, 201
55, 026
56, 859
15,316
11,833
7,554
75, 383
144, 000
125, 310
60 256
48 841
15, 893
10 994
7 696
114 799
96, 942
50 025
34 387
10, 459
9 599
8 258
12, 871
51, 864
10, 648
72, 968
12, 420
50, 348
10, 200
92, 938
15, 509
63, 591
13, 838
71, 308
11,495
48, 415
11, 398
68, 303
10, 568
46, 486
11, 249
82,915
12, 495
56, 615
13, 805
68, 768
9,712
46, 624
12, 432
65, 276
8,756
43, 624
12, 896
73, 355
8,845
49, 425
15, 085
55, 732
6 328
36 892
12 512
57, 384
5 792
38, 344
13 248
1.900
1.900
1.900
1.900
1.900
1.950
1.950
1.950
L950
1.950
1.950
1.950
1.950
MISCELLANEOUS PRODUCTS
Fur sales by dealers
thous of dol
Pyroxylin-coated fabrics:^
Orders, unfilled, end of month
thous. lin. yd._
Pyroxylin spread
.
thous. of lb__
Shipments, billed
thous. lin. yd__
4,813
7,553
4,640
3,332
2,500
3,685
7 857
7 307
3 301
2 593
3 255
3 226
13, 589
6,972
8,552
13, 281
6,287
7,151
12,914
7,480
9,867
12, 354
7,205
9,217
13, 194
7,058
9,135
12, 531
7,754
9,423
12, 152
7,201
8,386
11, 458
6,534
7,897
9,928
6,667
8,419
8,177
5,726
7,121
7,778
4,557
6,034
'r 7, 553
4, 087
' 4, 561
7,724
5,021
5,382
TRANSPORTATION EQUIPMENT
AIRCRAFT
Exports total §
Shipments total*
For U. S. military customers*
For other customers*
number
do
_ _ -.-do--_
do
215
4,805
107
4,698
206
4,229
139
4,090
238
4,668
168
4,500
339
3,093
133
2,960
250
2, 021
112
1,909
261
2,277
111
2,166
276
2,013
99
1,914
338
1,922
137
1,785
294
2,143
105
2,038
321
1,740
94
1,646
268
1,332
139
1,193
222
1, 102
104
998
32, 203
14, 937
17, 266
346, 209
1,067
867
247, 261
229, 083
97. 881
78, 283
7,650
7,207
3,091
4,116
443
27, 371
12, 477
14, 894
328, 795
833
758
232, 280
218, 645
95, 682
77, 501
6,578
6,143
2,679
3,464
435
23, 017
11,832
11,185
391, 727
975
923
283, 586
263, 236
107, 166
88, 207
8,731
8,153
3,987
4,166
578
47, 708
22, 496
25,212
371, 156
1,146
1,102
269, 081
250, 379
100, 929
79, 138
7,449
7,051
3,147
3,904
398
41, 158
16, 257
24, 901
375, 719
1,438
1,339
266, 665
244, 931
107, 616
82, 774
6,886
6,506
3,461
3,045
380
40, 268
19, 742
20, 526
347, 696
1,273
1,115
246, 605
226, 695
99, 818
77, 434
7,511
7 194
3,762
3,444
317
41, 678
19, 321
22, 357
373, 360
1,303
1,090
267,015
245, 081
105, 042
83, 276
6,554
6 220
3,258
2,978
334
54, 747
25, 666
29, 081
421, 180
1,421
1,272
301, 525
280, 018
118, 234
92, 082
5,910
5 536
2,662
2,906
374
57, 291
26, 711
30, 580
423, 399
1,650
1,465
314, 765
291, 953
106, 984
83, 515
5,245
4 941
2,106
2,867
304
61, 478
29, 540
31 938
382, 640
1,853
1,599
284, 357
261, 240
96, 430
75, 696
4,580
4 380
1,657
2,723
200
44, 461
22, 591
21 870
400, 562
1,628
1,409
307 124
284 576
91,810
73 803
3,544
3,306
1,437
1,869
238
40, 679
24, 068
16 611
379, 251
1 806
1,694
279 631
257 881
97, 814
78 503
2,953
2 779
1 362
1,417
174
199, 316
62, 820
219, 281
69, 565
225, 180
74, 708
230, 424
63, 978
274, 735
69, 453
209, 063
62, 477
214, 333
63, 752
264, 714
79, 344
290, 226
85, 148
286, 719
76, 901
269 863
65, 458
263 167
71, 647
4,625
4,234
68
68
3, 915
3,244
69
34
5,957
3,057
45
45
7,188
2,442
60
60
6,737
2,056
60
60
6,991
2,265
58
58
7,575
1,784
69
69
8,816
2,439
53
53
8,873
3,489
73
73
6,409
3,131
60
60
5,243
4,230
67
63
5,366
4 846
53
45
4 410
4 346
20
20
1,748
1,746
1,743
1,742
1,740
1,740
1,738
1,736
1,736
1,734
1,734
1,732
1 730
74
4.4
42, 714
35, 367
7,347
73
4.3
53, 727
37, 213
16, 514
67
4.0
52, 817
36, 942
15, 875
67
4.0
54, 413
39, 179
15, 234
67
4.0
54, 778
38, 716
16, 062
66
4.0
60, 529
44, 144
16, 385
68
4.1
66, 353
49, 934
16, 419
69
4.2
78, 080
60, 446
17, 634
72
4.3
84, 288
63, 935
20, 353
77
4.6
89, 554
66, 466
23, 088
77
4.7
93, 159
68, 675
24, 484
81
4 9
94, 232
70, 578
23, 654
81
4 9
97 392
71,826
25 566
3,217
8.5
3,195
8.5
3,147
8.4
3,204
8.5
3,137
8.4
3,175
8.6
3,131
8.5
3,045
8.3
3,011
8.3
2,832
7.8
2,735
7.6
2,778
78
2,709
76
69
55
14
487
473
14
236
140
96
65
53
12
490
490
0
114
66
48
67
57
10
506
506
0
92
58
34
65
57
8
499
499
0
253
141
112
64
57
7
540
540
0
192
49
143
53
48
5
586
586
0
195
78
117
45
42
3
635
635
0
180
119
61
52
51
1
588
588
0
186
73
113
36
36
30
30
24
24
29
29
40
40
626
626
0
143
71
72
718
717
1
262
133
129
770
770
786
785
1
133
57
76
811
810
I
265
245
20
229
220
9
311
293
18
276
258
18
330
306
24
320
294
26
273
251
22
320
283
37
420
377
43
349
307
42
321
288
33
MOTOR VEHICLES
Exports, assembled, total §
.number. Passenger cars §
_ _ __ _ __ _ _ do
Truck s§
do
Factory sales, total §
do.-.
Coaches total
do
Domestic
do Passenger cars total
do
Domestic
do
Trucks, total
- _- - ._ ...do
Domestic
do
Truck trailers, production, total*
_
- do
Complete trailers
do
Vans
do
All other
_
do
Chassis shipped as such
do
Registrations^
New passenger cars
do
New commercial cars
-- -- do
349 432
1 765
1 572
261 158
240 358
86, 509
66 405
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
_ .
- .number. .
Domestic
do
Passenger cars, total
_ __ .
do
Domestic
do
Association of American Railroads:
Freight cars, end of month:
Number owned
thousands Undergoing or awaiting classified repairs
thousands -.
Percent of total on line
Orders unfilled
cars
Equipment manufacturers _ .
. do
Railroad shops
do
Locomotives, end of month:
Steam, undergoing or awaiting classified repairs
number _ „
Percent of total on line
Orders unfilled:
Steam locomotives, total
number
Equipment manufacturers
_ do
Railroad shops
do
Other locomotives, total*
_ do
Equipment manufacturers*
do_ _.
Railroad shops*
do
Exports of locomotives, total f __ ._
_ do ...
Steam§
do
Otherf
_ do
o
o
o
o
106
19
87
o
o
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Exports
_.
..
-
.number...
do
_. - do
r
Revised.
IData for October 1946 and January, April, and July 1947 are for 5 weeks; other months, 4 weeks.
JSee note in April 1946 Survey with regard to changes in these series.
§ Data continue series published in the 1942 Supplement but suspended during the war period. For 1940-45 data for factory sales of motor vehicles see p. 24 of June 1947 Survey. Data
for October 1941-February 1945 for the foreign trade series will be published later. See note on p. S-40 of August 1947 Survey regarding unpublished revisions for registrations.
*New series. For available data for 1937-43 for woolen and worsted goods production, see p. 19 of May 1945 Survey. See note on p. S-39 of July 1947 Survey for source of data on wool
yarn production and explanation of a revision in the data in that issue, and p. S-40 of the April 1947 Survey for source and earliest data published for truck trailers.
Data beginning January
1946 for aircraft shipments are available on request. See May 1946 Survey for description and data beginning March 1945 for unfilled orders of "other locomotives."
fRevised series. Export series for total and "other" locomotives were revised in the May 1946 Survey (see note in that issue).
U. S . G O V E R N M E N T P R I N T I N G O F F I C E : 1947
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
Pages marked S
Abrasive paper and cloth (coated)
37
Acids__
._.__
23
Advertising
6, 7
Agricultural income and marketings
1,2
Agricultural wages, loans
14, 15
Air-line operations
22
Aircraft
10, 11, 12,13,14,40
Alcohol, denatured, ethyl, and methyl
23
Alcoholic beverages
2, 26
Aluminum
32
Animal fats, greases
24
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 and asphalt products
37
Automobiles
2, 3, 7, 8,10,11,12,13, 14,18
Banking
15, 16
Barley
27
Barrels and drums
33
Battery shipments
34
Beef and veal
29
Beverages, alcoholic
2,26
Bituminous coal
2,4, 11, 12, 13, 14,36
Boilers
34
Bonds, issues, prices, sales, yields
19
Bone black
24
Book publication
36
Brass
33
Brick
4,38
Brokers' loans
15,18
Building contracts awarded
5
Building costs
6
Building construction (see Construction.)
Building materials, prices, retail trade
4, 7, 8
Businesses operating and business turn-over __
3
Butter
27
Candy
29
Cans, metal
33
Capital
flotations
18
Carloadings
22
Cattle and calves
28
Cellulose and other plastic products
26
Cement
2,4,38
Cereal and bakery products
4
Chain-store sales
8
Cheese
27
Chemicals
2, 3, 4, 10, 11, 12, 14, 18, 23, 24
Cigars and cigarettes
30
Civil-service employees
11
Clay products (see also Stone, clay, etc.)
2, 38
Clothing
5, 7, 8, 10,11, 12, 13, 14, 38
Coal
_
2,4,11,12,13,14,36
Cocoa
29
Coffee..
29
Coke
2,36
Commercial and industrial failures
3
Construction:
New construction, dollar value
5
Contracts awarded
5
Costs
5, 6
Dwelling units started
5
Highway
5,11
Employment, wage rates, earnings, hours
9, 10
11,12,13,14
Consumer credit
16
Consumer expenditures
1, 7
Consumers' price index
4
Copper
33
Copra and coconut oil
25
Corn
19,28
<jost-of-living index (see Consumers' price
index)
4
Cotton, raw, and manufactures
2,
4,5,10,11,12,13,14,38,39
Cottonseed, cake and meal, oil
25
Crops
1,2,4,24,26,27
Currency in circulation
18
Dairy products
1,2,4,27
Debits, bank
15
Debt, short-term, consumer
16
Debt, United States Government
16
Department stores, sales, stocks, collections.. 8, 9
Deposits, bank
15, 18
Disputes, industrial
13
Distilled spirits
26, 27
Dividend payments and rates
1, 19
Drug store sales
8
Dwelling units started
5
Earnings, weekly and hourly
13,14, 15
Eggs and poultry
1, 4, 29
Electrical equipment
2, 7, 34
Electric power production, sales, revenues
26
Employment estimates
9,10, 11
Employment indexes:
Factory, by industries
10, 11
Nonmanufacturing industries
11
Employment security operations
13
Emigration and immigration
23
Engineering construction
5
Exchange rates, foreign
17
Expenditures, United States Government
16
Explosives
24
Exports (see also individual commodities)
20, 21
Factory, employment, pay rolls, hours, wages.
9,
10,11, 12, 13, 14
Failures, industrial and commercial
3
Farm marketings and income
1, 2
Farm wages
14
Farm products, farm, and wholesale prices
2, 4
Fats and oils
4, 24, 25
Federal Government,
finance
16,17
Federal
Reserve banks, condition of
15
Federal Reserve reporting member banks
15
http://fraser.stlouisfed.org/
Fertilizers
4, 24
Fire
losses Bank of St. Louis
6
Federal
Reserve
Pages marked S
Fish oils and
fish.
24, 28
Flaxseed
25
Flooring
31
Flour, wheat
28
Food products
,_
2,
3, 4, 5, 7, 8, 10, 11, 12, 13, 14, 17, 26, 27, 28, 29
Footwear
2,4,8, 10, 12, 13, 14,30,31
Foreclosures, real estate
6
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes and
commodity groups
20, 21, 22
Foundry equipment
34
Freight cars (equipment)
40
Freight carloadings, cars, indexes
22
Freight-car surplus and shortage
22
Fruits and vegetables
2,4, 27
Fuel equipment and heating apparatus
33
Fuel oils.
37
Fuels
2,4,35,36,37
Furnaces
33,34
Furniture...
2, 4,10, 11, 12, 13,14, 15
25
Gas, customers, sales, revenues
Gasoline
37
38
Glass and glassware (see also Stone, clay, etc.).
Gelatin
23
Gloves and mittens
31
Glue
24
Glycerin
24
Gold
17
Goods in warehouses
7
Grains
4, 19, 27,28
1
Gross national product
Gypsum
38
34
Heating and ventilating equipment
4,30
Hides and skins
5,11
Highways
Hogs
28,29
Home-loan banks, loans outstanding
6
Home mortgages
6
Hosiery
5,38
Hotels
11, 12,23
12,13
Hours of work per week
Housefurnishings
4,7,8
Housing
4,5
Immigration and emigration
23
Imports
20, 21,22
Income, personal
1
Income-tax receipts
16
Incorporations, business, new
3
Industrial production indexes
2
Instalment loans
16
Instalment sales, department stores
8
Insurance, life
17
Interest and money rates
15
Inventories, manufacturers' and trade
3,9
Iron and steel, crude and manufactures
2,
3,4,10,11,12,13,14,18, 31,32
Kerosene
37
Labor force
9
13
Labor disputes, turn-over
Lamb and mutton
29
Lard
29
Lead_
33
Leather and products
2, 4, 10, 11, 12, 13, 14, 30
Linseed oil, cake, and meal
25
Livestock
1, 2,4, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
6, 15, 19
Locomotives
40
Looms, woolen, activity
39
Lubricants
37
Lumber
2, 4, 10, 11, 12, 13, 14, 31
Machine activity, cotton, wool
39
Machine tools
10, 11, 12, 14, 34
Machinery
2, 10, 11, 12, 13, 14, 18, 34
Magazine advertising
6, 7
Mail-order houses, sales
8, 9
Manufacturers' orders, shipments, inventories.
3
Manufacturing production indexes
2
Meats and meat packing
2, 4, 10, 12, 13,14, 29
Metals
2, 4, 10, 11, 12, 13, 14, 18, 33
Methanol
24
Milk
27
Minerals
2,10, 11,12, 13, 14
Money supply
18
Mortgage loans
6, 15
Motor fuel
37
Motor vehicles
7, 40
Motors, electrical
34
National product and income
1
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'
.
3
Paint and paint materials
4, 25
Paper and pulp
2, 3, 5,10,11,14, 35
Paper products
35
Passports issued
23
Pay rolls, manufacturing and nonmanufacturing industries
11,12
Personal income
1
Personal savings and disposable income
1
Petroleum and products
2,
2, 3, 4, 10, 11, 12, 14, 18, 36, 37
Pig iron
32
Plant and equipment expenditures
1
Plastic products
26
Plywood. _
31
Pages marked S
Pork
„
29
Postal business
7
Postal savings
16
Poultry and eggs
1,4, 29
Prices (see also individual commodities):
Consumers' price index. _*!
.
4
Received and paid by farmers
4
Retail price indexes
4
Wholesale price indexes
4, 5
Printing
2,10, 11,14,36
Profits, corporation
18
Public assistance
15
Public utilities
1, 4, 5, 11, 12, 13, 14, 16, 18, 19, 20
Pullman Company
23
Pulpwood
35
Pumps
34
Purchasing power of the dollar
5
Pyroxylin coated fabrics...
40
Radio advertising
6, 7
Railways, operations, equipment, financial statistics, employment, wages
1,
11, 12, 13, 14, 15, 17, 18,19, 20, 22, 40
Railways, street. (See Street railways, etc.)
Rayon, and rayon manufactures
2,
5,10,11,12,13,14,39
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
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 and siding, asphalt
37
Rosin and turpentine
24
Rubber, natural, synthetic and reclaimed,
tires, and tubes
37,38
Rubber industry, production index, shipments,
inventories, employment, pay rolls, hours,
earnings
2,3, 10, 12, 14
Savings deposits
16
Savings, personal
1
Securities issued
18, 19
Service industries employment
9
Sewer pipe, clay
38
Sewing machines
34
Sheep and lambs
28, 29
Shipbuilding
10, 11, 12, 13, 14
Shipments, manufacturers'
3
Shoes
2, 4, 8, 10, 11, 12, 13, 14, 31
Shortenings
25
Silver
17
Skins
30
T
Slaughtering and meat packing. 2, 10, 11, 12, 14, 27, 28
Soybeans, and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap
31,32
Stocks, department stores (see also Manufacturers' inventories)
9
Stocks, dividends, issues, prices, sales, yields. _ 19, 20
Stokers, mechanical
34
Stone, clay, and glass products
2,
10, 11, 12, 13, 14,38
Stoves
34
Street railways and busses
11,12,13,14
Sugar..
,_
29
Sulphur
24
Sulfuric acid
23
Superphosphate
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 12, 13,14, 23
Textiles
2,3,5,10,11,12,13,14,38,39,40
Tile
38
Tin
.
33
Tires and inner tubes
37,38
Tobacco
2,4, 10, 11, 13, 14,30
Tools, machine
10,11,12,13,14,34
Trade, retail and wholesale
7, 8, 9, 11, 12, 13, 14
Transit lines, local
22
Transportation, commodity and passenger
22, 23
Transportation equipment
2,
3, 10, 11, 12, 13, 14, 18,40
Travel
22, 23
Truck trailers
40
Trucks
40
Turpentine and rosin
24
Unemployment and unemployment compensasation
9, 13
United States Government bonds
16,18, 19
United States Government,
finance
16, 17
Utilities
_. 4, 5, 9, 11, 12, 13, 14, 18, 19, 20
Vacuum cleaners
34
Variety stores
8
Vegetable oils
24, 25
Vegetables and fruits
2,4,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
13,14
War expenditures
16, 17
War Savings Bonds
.
6
Warehouses, space occupied
7
Washers
34
Water heaters
34
Wheat and wheat
flour
19,28
Wholesale price indexes
4,5
Wholesale trade
9
Wood pulp
2,5,35
Wool and wool manufactures
2,
5, 10,11,12,13,14,40
33
Zinc.
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