Full text of Survey of Current Business : October 1950
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OCTOBER 1950
Uo S. DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OFFICE OF BUSINESS ECONOMICS
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
SURVEY
OF CURRENT
BUSINESS
No. 10
OCTOBER 1950
PAGE
THE BUSINESS SITUATION
National Income and Corporate Profits in the Second
Quarter of 1950
Trends in Employee Compensation . .
*
*
*
4
7
*
SPECIAL ARTICLE
Public and Private Debt in 1949 .
*
1
*
9
*
*
MONTHLY BUSINESS STATISTICS . . . . S-l to S-40
Statistical Index
Inside Back Cover
Published by the U. S. Department of Commerce, C H A R L E S S A W Y E R ,
Secretary. Office of Business Economics, M. JOSEPH ME EH AN,
Director. Subscription price, including weekly statistical supplement, $3 a
year; Foreign $4. Single copy, 25 cents. Send remittances to any Department of Commerce Field Office or to the Superintendent of Documents,
United States Government Printing Office, Washington 25, D. C. Special
subscription arrangements, including changes of address, should be made
directly with the Superintendent of Documents. Make checks payable to
Treasurer of the United States.
Memphis 3, Tenn.
229 Federal Bldg.
Atlanta 3, Ga.
50 Whitehall St. SW.
Miami 32, Fla.
36 NE. First St.
Baltimore 2, Md.
103 S. Gay St.
Milwaukee 1, Wis.
517 E. Wisconson Ave,
Boston 9, Mass.
2 India St.
Minneapolis 1, Minn.
2d Ave. S. at 4th St.
Buffalo 3, N. Y.
117 ElHcott St.
Mobile, Ala.
109-13 St. Joseph St.
Butte, Mont.
14 W. Granite St.
New Orleans 12, La.
333 St. Charles Ave.
Charleston 3, S. C.
18 Broad St.
New York 4, N. Y.
42 Broadway
Cheyenne, Wyo.
206 Federal Office Bid*
Oklahoma City 2, Okla.
102 NW. Third St.
Chicago 4, 111.
332 S. Michigan Art.
Omaha 2, Nebr.
1319 Farnam St.
Cincinnati 2, Ohio
105 W. Fourth St.
Philadelphia 6, Pa.
437 Chestnut St.
Cleveland 14, Ohio
925 Euclid Are.
NEW OR REVISED STATISTICAL SERIES
Revision of Manufacturers' Sales, Orders, and Inventories
16
*
Albuquerque, N. Mex.
203 W. Gold Ave.
Dallas 2, Tex.
1114 Commerce St.
Denver 2, Colo.
828 Seventeenth St.
Detroit 26, Mich.
230 W. Fort St.
Phoenix 8, Ariz.
234 N. Central Ave*
Pittsburgh 19, Pa.
700 Grant St.
Portland 4. Oreg.
520 SW. Morrison St*
Providence 3, R. I.
24 Weybossett St<
El Paso 7, Tex.
206 U. S. Court House
Bldg.
Reno, Nev.
118 W. Second St*
Hartford 1, Conn.
135 High St.
Richmond 19, Va.
801 E. Broad St*
Houston 14, Tex.
602 Federal Office Bldf.
St. Louis 1, Mo.
1114 Market St.
Jacksonville 1, Fla.
311 W. Monroe St.
Salt Lake City 1, Utah
350 S. Main St*
Kansas City 6, Mo.
911 Walnut St.
San Francisco 11, Calif.
555 Battery St.
Los Angeles 12, Calif.
312 North Spring St.
Savannah, Ga.
125-29 Bull St,
Louisville 2, Ky.
631 Federal Bldg.
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
devoted to U. S. Government
Contents are not copyrighted and may be freely reprinted.
OCTOBER 1950
THE
INDEX, 1926=100
Prices
continue
to rise.
200
WHOLESALE PRICES,
ALL COMMODITIES,
(B. L. S.)
,
175
150
^—^
SITUATION
By the Office of Business Economics
II
1 1 1 1 I
f 1 I t t I1 1 1 1 1
1949
1
IPR
I960
BILLION DOLLARS
Wages are
up with pay
increases,
longer hours,
and higher
employment.
14
WAGE AND SALARY
RECEIPTS*
X
- 12
- 10
ii
i i 1i i i M1 i i
1949
i i 1 M iii
I960
8
BILLION DOLLARS
Farm price
advances
since the
Korean outbreak lift
agricultural
income.
15
FARM PROPRIETORS'
INCOME *
(ANNUAL
• • • • ! . "nun. in.
Rising incomes accompany heavy buying
RATES)
-
i
- 10
!
5
i
i
O
2nd Qtr.
3rd Qtr.
I960
I960
BILLION DOLLARS
Rising
profits
bring higher
dividends.
DIVIDEND PAYMENTS*
3.0
2.5
•^—^
i
1949
I
i
2.0
R
I960
* SEASONALLY ADJUSTED.
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
908924°—50
1
jCONOMIC activity expanded further in September,
stimulated by continued large civilian demands arid a
growing volume of defense ordering.
Industrial production continued to rise, as the heavy-goods
industries stepped up operations generally. There were
indications, however, that increases in output were becoming
more difficult to obtain and involved higher costs which were
being translated into higher prices. On the demand side
the pressure on prices was also maintained as purchasing
power was increased by rising incomes and by credit expansion.
The flow of supplies was sufficiently large, however, to
permit distributors to rebuild inventories which had been
depleted during the summer buying rush, although manufacturers continued to reduce their stocks of finished goods.
Manufacturers' sales in dollars were more than one-fourth
higher than a year earlier, but the volume did not match
new orders so that backlogs mounted.
SO -27 2
The quick succession of economic developments in recent
months has speeded up the usual interactions between the
demand forces, on the one hand, and the factors affecting
supplies and costs on the other. As a consequence, apparently sporadic events have had substantial and lasting
influences. Thus, the wave of forward buying immediately
following the Korean clash had many of the earmarks of a
temporary flurry, as exemplified by panic buying of a few
such commodities as sheets, sugar, and coffee.
Although there has been a let up in this type of buying,
demand in general has remained high. For the more durable
goods such as major household appliances, television, and
automobiles, buying has continued with little slackening.
Because purchases of these products are typically made by
consumers only once in several years, forward buying has
not led to a quick "catcbing up" as in the case of nondurable
goods.
Although some of the motives for the heavy buying in
July were temporary, subsequent expansion of income contributed to the virtual maintenance of sales in August and
September. In the first 2 months of the third quarter,
personal income rose more than $6 billion at an annual
rate. Comparison between income and retail buying in the
third quarter is shown in chart 2. For the nondurable-goods
stores, sales have risen only moderately in relation to disposable income, following the gradual decline of the past 2
years, whereas durable-goods store sales have risen more
rapidly, constituting an unusually high proportion of income.
A comparable expansion has also taken place in nonconsumer spending. Business expenditures for plant and equipment have been stepped up, and new expansion programs
SUEVEY OF CURRENT BUSINESS
have been announced in some of the basic industries. The
spurt in business capital expansion during the third quarter
is reflected in a rise in unfilled orders for producers' equipment (upper left panel of chart 3).
Credit expansion spurs control program
With profits at record levels, corporations have been able
not only to pay higher dividends but also to retain a record
volume of current earnings to finance their expanded capital
requirements. In addition, however, business has increased
sharply its demand for borrowed funds. In the third quarter
alone commercial, industrial and agricultural loans at leading
city banks increased by over $2 billion—or $6 billion at a
seasonally adjusted annual rate. This compares with a rise
of $400 million in the preceding 12-month period, and $3.3
billion during 1947, the year of greatest postwar expansion.
The rise in business loans was especially pronounced in September amounting to $1 billion, as compared with a rise of
$400 million in September 1949.
Chart 2.—Retail Sales as a Percentage of Disposable
Personal Income 1
PER CENT
80
1
I
ALL RETAIL STORES.
60 _.
^/
_
®'""
40 —
NONDURABLE-GOODS STORES
—
20
—
x
y
DURABLE-GOODS STORES
\
0
1940
1
1
1948
1
1
1
1
1
I
1949
I
I
I960
u. s. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
5O-268
1
Percentages for 1948-50 are based upon quarterly totals, seasonally adjusted, at annual
rates.
Source of data: U. S. Department of Commerce, Office of Business Economics.
At the consumer level the picture is similar. Individuals
added about $1.3 billion to their short-term indebtedness in
the 2 months following the outbreak of hostilities in Korea—
equivalent to a seasonally adjusted annual rate of $7.5 billion.
This compares with a rate of advance only about a fourth as
great in the similar months of 1949 and 1948. The recent
acceleration in borrowing has been largely related to increased
purchases of automobiles and other consumer durables, but
charge accounts were also stepped up substantially in the
past few months.
Borrowing to finance the purchase of housing differs principally from short-term credit in that it has shown a stronger
upward surge throughout the year. Such financing has
reached record proportions as shown in the bottom panel of
the accompanying chart. The seasonally adjusted annual
rate of increase in outstanding residential mortgage debt of
consumers in the second quarter of 1950 amounted to $6
billion, far above either the net change last year or the record
value of net new indebtedness in 1948. New mortgage
recordings showed a further advance in the third quarter
prior to the adoption of new restrictions on housing credit
which are discussed below.
October 1950
Liquid assets declining
Currently buoyant demand is also being stimulated by
reductions in savings accounts and in holdings of U. S. savings
bonds. Throughout the greater part of the postwar period,
there was a moderate and steady increase in these assets, but
as may be seen from the middle panel of the chart, this
trend was reversed in recent months. In the third quarter
of this year, total time deposits at all banks were reduced by
a little less than $1 billion, or about $3.5 billion on an annual
rate basis. There was no change during the same months
of 1949 and a reduction of less than $100 million in 1948.
The rise in redemptions of Series E savings bonds since
mid-year, together with some decline in sales, has resulted
in an excess of redemptions over sales amounting to $280
million in the third quarter, as shown in the middle panel of
the chart. By contrast, there was a net excess of sales of
$130 million in corresponding months of 1949 and of $76
million in the similar period of 1948.
The total of (1) the reduction in time deposits, (2) the
excess of redemptions over sales of E bonds, and (3) the
increase in consumer debt amounts to over $10 billion, at an
annual rate, available for spending out of noncurrent income
in the third quarter—about 5 times as much as in the corresponding quarter of 1949. In addition, consumer -mortgage
debt increased by an annual rate of more than $6 billion in
the third quarter of the year as compared with $4 billion a
year ago.
Residential borrowing further restricted
This extraordinary expansion in purchasing power in
addition to the rise in income has been considerably faster
than the expansion in production. Initially the surge in
demand was met by a shift from inventory building in the
second quarter to a sharp drop in July and by a rise in prices
that has continued to the present time. A series of measures
is being placed in operation which will curtail civilian
demand and free resources for defense production. These
include higher individual and corporate tax rates which
were described in the September SURVEY and control of
both consumer and mortgage debt.
Further credit restrictions on residential housing, effective
as of October 11, 1950, were announced by the Federal Reserve Board and the Federal Housing Administrator. These
new regulations, implementing the Defense Production Act
of 1950, are applicable to one- and two-family houses and
include new construction financed outside of the Government programs as well as both new and used units financed
under the Veterans' Administration and the Federal Housing
Administration. These controls are intended to reduce the
construction of new dwelling units in 1951 by about one
third of the 1.3 million units estimated for 1950.
The required down payments range from 10 percent for
houses priced up to $5,000 to
50 percent for those priced at
$24,500 or more. Veterans7 preference in financing will be
maintained under the new regulation by generally requiring
a down payment which is lower by 10 percentage points in
the price range between $6,000 and $12,000, narrowing to
5 points lower for higher priced houses and for those less
than $6,000.
The effect of the new regulations may be illustrated for a
$10,000 house. Before July 19, such a house could have
been purchased by a veteran without a down payment
whereas under the new restrictions, a down payment of
$1,300 is required. For nonveteran FHA financing, the
comparable requirements were $1,250 before July 19 and
$2,300 at the present time.
Amortization periods for nonveteran purchasing are
restricted to 20-year periods except for houses costing $7,000
or less for which payments may be scheduled for 25 years.
SUEVEY OF CURRENT BUSINESS
October 1950
Veteran purchasing is subject to the same limitations except
that periods up to 30 years may be obtained under certain
circumstances.
Output expands
sharply
Industrial production continued upward in the third quarter of 1950 as the pressure of over-all demand quickly absorbed the larger supplies. The rate of output in September
and early October was the highest since June 1945, when the
economy was producing for all-out war. Raw materials as
well as finished goods were produced in record volume. Despite the expansion in the flow of materials, supplies did not
Chart 3
BUSINESS ACCELERATES CAPITAL EXPANSION
PROGRAMS AND BORROWS MORE FROM BANKS
BILLION DOLLARS
BILLJON
•f 4
t4
"•
_ 1"
0
-?
CONSUMERS INCREASE PURCHASING B Y Drawing down their liquid assets, and
+.5
+.5
TIME DEPOSITS,
ALL
- EXCESS OF REDEMPTIONS
Large expansion in steel capacity
-1.0
going more into debt.
MORTGAGE RECORDINGS-^
( 3 r d QTR. TOTALS)
1948
1949
1950
+2
CONSUMER CREDIT
OUTSTANDING^
1948
1949
1950
CHANGE FROM END OF 2nd TO END OF 3rd QTR.
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
5O-275
1
Data for the third quarter of 1950 are based upon estimates of the U. S. Department of
Commerce, Office of Business Economics.
2 Change represents total sales less redemptions in the third quarter of each year.
Sources of data: Unfilled orders, U. S. Department of Commerce, Office of Business Economics; business loans, time deposits, and consumer credit, Board of Governors of the Federal
leserve System; U. S. Savings Bonds, U. S. Treasury Department; and mortgage recordtigs, Home Loan Bank Board (see also footnote 1).
pace with the increased demand. Although stocks of
uw
materials
held by manufacturers showed some rise, the
r
olume of working stocks has not kept pace with the exmnsion in operating rates.
Both durable and nondurable manufacturing expanded.
The rise in durable-goods output was marked by further ex
An important feature of the production situation when the
third quarter began was the number of major raw materials
industries operating at virtual capacity rates. They include
iron and steel, some of the nonferrous metals, cement, rayon,
paperboard, and certain industrial chemicals. For these
products, then, the increase in supplies over the April-June
period has been limited.
Steel output has been holding relatively steady at approximately capacity levels since June with September operations
edging slightly higher than in August. As a result of a
'adual advance, the scheduled rate in the second week of
ctober reached a record high of 101.6 percent of rated
capacity now in excess of 100 million tons of steel ingots
and castings annually. Production during the month of
September again totaled well over 8 million tons, bringing
total output for the first 9 months of the year to about 71%
million tons. Continuance of the September rate of output
in the current quarter would mean total production of
around 96 million tons for the full year, the highest on record
and more than 6 million above 1944, the previous peak year.
S
U.S. SAVINGS BONDS,
SERIES E ^
EXCESS OF SALES
-i.o
Production in the nondurable-goods sector was relatively
stable throughout the first half of the year before advancing
sharply to a new peak in the third quarter. A large part of
the gain reflected a much higher scale of operations in textile
mills and further increases in output of crude and refined
petroleum products, industrial chemicals, rubber products,,
and paperboard. In other soft-goods lines, such as food,,
shoes, and tobacco, changes in output were confined within
narrow limits.
Raw material supplies in record volume
(FED. RES. WEEKLY REPORTING MEMBER BANKS)
+2
+2
Nondurables output at new peak
DOLLARS
BUSINESS LOANS
UNFILLED ORDERS
OF PRODUCERS*
EQUIPMENT
pansion in output of machinery, railroad equipment, aircraft,
and shipbuilding. Moreover, capacity operations were
maintained in the steel industry. With steel continuing to
flow in large quantities to the automobile industry, assemblies
of passenger cars and trucks in United States plants were
maintained at approximately the same high daily rate as in
the two previous months.
Chart 4 shows the production rate and the growth in steel
making facilities over the past decade, together with the
present expansion program planned by the industry. Completion of the modernization and construction program as
now scheduled would raise the rated capacity from 100.6
million tons on July 1,1950, to about 110 million at the end
of 1952, an addition of 9.4 million, or an average increase of
close to 4 million per year. This compared with an annual
average increase of 2.8 million tons in the 5-year war period
from 1940-44 and 2.7 million from 1947 through 1949.
Despite the continued improvement in over-all material
supplies, current private and military demands have been in
excess of supply. Military demand to date has been moderate, however, as work* on war orders has not yet been
undertaken in sufficient volume to cut appreciably into the
flow of materials to industries producing finished goods for
the civilian economy. With defense work scheduled to be
stepped up, the Government has taken steps to insure adequate supplies for military production by establishing
priorities and allocations over the distribution of materials
in tight supply and by restricting the consumption of rubber
for civilian use.
Record volume of finished goods
Output of finished goods rose sharply from the second to
the third quarter and accounted for a significant part of the
gain in total industrial production during this period. In
SUKVEY OF CURRENT BUSINESS
nondurable manufacturing, substantial increases in output
also occurred for such consumer products as clothing, refined
petroleum products, and rubber tires. A part of the increase
in the flow of finished goods from manufacturers represented
the drawing down of shipping stocks. In July and August
the book value of finished-goods stocks declined $1 billion.
During July retailers' stocks were also reduced, but in
Chart 4.—Capacity and Production of Steel Ingots and
Steel for Castings
MILLJONS OF
SHO RT TONS
PERCENT OF
CAPACITY
120
CAPACITY1-!
(LEFT SCALE)
100
<X^^-\
80
- /**
/
/
/v \
\ / PRODUC TION
/
60 -
*^~
\
®>'"®
jg-'
V
(LEFT SCALE}
.
.
.
.
.
.
.
.
.
.
.
.
/*
°\
100
@
/***\
/
40
80
\j OPERATING RATE
(RIGHT SCALE)
60
20
® ESTIMATED
1
1
1
1
1
1
1
1
1
1
1
1
1
1
40
0
1 940 41 42 43 44 45 46 47 48 49 50 51 52 53 54
U. S'. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
5O-269
1
Represents end of year capacity except for 1940-42, which is an average of January 1 and
July 1.
Sources of data: American Iron and Steel Institute except for 1950-52 which are estimates
of the U. S. Department of Commerce, Office of Business Economics.
October 1950
August the rise in manufacturers'
shipments made possible
some restocking of distributors7 shelves.
The intensity of demand at manufacturers' levels is indicated by the rapid rise in new as well as unfilled orders.
New orders rose one-fifth between July and August and
were about 50 percent higher than a year earlier. Unfilled
orders at the end of August were one-third higher than at
the end of June and 50 percent higher than in August of
1949. In the important machinery industry, unfilled orders
represented nearly 3-months' shipments at the August rate.
Industrial prices higher
Wholesale prices leveled off during September and declined
slightly at the end of the month as a result of seasonal declines in agricultural prices. The most important of these
reductions was in hog prices which fell from a high of more
than $25 per hundredweight in late August to less than $20
in early October as the spring pig crop moved to market in
larger volume than in the corresponding period of last year.
Although there were scattered reductions in other foods,
there was no general decline. At retail, food prices rose an
average of 1.4 percent during the last 2 weeks in September,
following a smaller advance in the first half of the month.
Industrial prices continued to rise in September and early
October, however, with advances in raw materials as well as
in semifinished and manufactured products. In the
4 weeks
ending October 3, the Bureau of Labor Statistics7 index of
prices other than farm products and foods rose 2 percent,
which was somewhat more than that occurring during the
preceding month. The chief new development was a rise in
the metals and metal products group, with most of the change
in nonferrous metals but there have been some recent
increases in steel prices. Textile prices also rose more
rapidly than in earlier months, averaging 7 percent higher at
the beginning of October than a month earlier. The sustained advance in chemical and building materials was
extended, although price declines were reported in lower
grades of softwoods.
National Income and Corporate Profits in the Second Quarter of 1950
CORPORATE profits, which had averaged one-fifth
less in 1949 than in the previous year, rose sharply—with
the marked advance in national income and product—to a
new high in the second quarter of 1950, according to preliminary estimates of the Office of Business Economics.
Second-quarter profits before taxes amounted to $9.3
billion, up one-fourth from the $7.3 billion in the first quarter, which, in turn had registered a small advance over 1949
levels.
The relative increase in seasonally adjusted profits was
about the same as that in unadjusted totals. The correction
for seasonal variations had only a minor effect on the allindustry totals, the adjustments by industries tending to be
offsetting in the aggregate. At seasonally adjusted annual
rates, profits before taxes advanced from $29.2 billion in the
first quarter of 1950 to $37.4 billion in the second.
The rise in profits of one-fourth was associated with an
8 percent increase in corporate sales, implying a substantial
increase in the profit margin on sales. On a before-tax
basis, the estimated profit-sales ratio rose from 7% to 9 percent.
Profits after taxes
On an after-tax basis, profits increased from $4.3 billion
in the first quarter of 1950 to $5.6 billion in the second,
bettering slightly the earlier postwar peak reached in the
third quarter of 1948. These estimates allow for the increase
in tax rates applicable against 1950 corporation income
under the new tax law.
The relative movement of profits after taxes since the end
of the war has tended to parallel that of profits before taxes,
but at a level approximately three-fifths as high, reflecting
an effective combined Federal and State profits tax rate
close to 40 percent. Beginning with the first quarter of
1950, however, the effective tax rate in these estimates has
been stepped up by approximately 3 percentage points.
The subsequent discussion will be in terms of profits on a
before-tax basis.
Inventory profits and losses
In interpreting changes in corporate profits in recent
periods, it is helpful also to examine corporate profits adjusted for inventory valuation; that is, as the profits share
is carried in the national income accounts.
The effect of the inventory valuation adjustment is tc
charge inventories used up in production to cost of goode
sold on the basis of current replacement cost rather thar
"book" (original) cost. The predominant corporate practice ij
to charge inventories to cost of sales in terms of prior-perioc
prices rather than current replacement prices. When replacement costs are higher than book costs, as in periods ol
rising prices, an "inventory profit" arises. Conversely, wher
replacement costs are lower—in periods of declining prices—
SUEVEY OF CURRENT BUSINESS
October 1950
an "inventory loss" is included in the reported "book"
profit data.
Because of the large increase in corporate profits in the
second quarter, the effect of eliminating inventory profits
and losses is somewhat obscured. Percentage-wise, both
profit series advanced sharply. However, the rise in the
adjusted series, at annual rates, is smaller by 1% billions.
This represents the increase in inventory profits between
the quarters.
The recent-period importance of inventory profits and
losses becomes more apparent when second quarter profits
are compared with profits in 1949. The second-quarter
annual rate of profits before taxes was one-third above the
1949 total; however, if inventory profits and losses are
eliminated, the relative increase over 1949 is cut in half.
In dollar terms, the increase is reduced from almost $10
billion to a little more than $5 billion, at seasonally adjusted
annual rates.
The striking difference in the behavior of the profit series
including the inventory valuation adjustment resulted from
the presence of substantial inventory losses in 1949 associated
with the price declines, and substantial inventory profits in
the second quarter of this year brought about by price rises.
Second-Quarter Profits by Industry
Most of the broad industrial groups for which data are presented in table 1 participated in the first-to-second quarter
profit rise. Relative increases were better than average in
transportation, mining, and manufacturing. In transportation, where profits doubled, roughly half the increase was
seasonal in character. It was due principally to the experience of the railroad industry, where first quarter profits had
been adversely affected by the February work stoppage in the
coal mines. In this industry, as well as in mining, seasonally
adjusted profits in the second quarter were substantially
higher than in 1949—reflecting higher profit margins—but
about one-fifth below the 1948 peak.
The minor decline in profits recorded for communications
and public utilities was seasonal; on a seasonally adjusted
basis profits in this industrial group rose appreciably.
Profits in wholesale and retail trade, which dominate the
remaining group of industries, were up substantially from the
first quarter. An important element of the expansion in
retail trade was the marked improvement in department
store profit margins.
Chart 5.—Corporate Profits Before Taxes, With and Without Inventory Valuation Adjustment
Although most of the industry subgroups participated in
the $1.2 billion, or 30 percent increase in profits before
taxes in corporate manufacturing, there were variations in
the rates of advance. Earnings in the durable-goods group
of industries, which accounted for slightly more than half
of manufacturing profits in the first quarter, increased twofifths, while in the nondurable sector the rise was only onesixth. The disparity in rates of increase is reduced only
moderately when adjustment is made for seasonal variations.
The relatively favorable position of durable-goods manufacturing profits holds in a comparision of earnings in the
second quarter with "those in 1948. The second-quarter annual rates were one-third above 1948, as against a decline of
one-tenth in the nondurable industries.
Leading the upward movement of earnings in durable-goods
manufactures from the first to the second quarter were the
lumber, furniture, iron and steel, and automobile industries,
in all of which profits were up 50 percent or more on a seasonally adjusted basis. Earnings in the lumber and furniture
industries have been buoyed by the recent upsurge in construction activity but had been markedly affected by the
1949 recession, and in the second quarter were still slightly
below their postwar highs. Metal producing and fabricating
companies reported earnings in the recent quarter which
surpassed 1948 levels.
In the stone, clay, and glass group, also directly affected
by construction, seasonally adjusted profits in the second
quarter exceeded previous records by a wide margin. This
industry was not among the top gainers over the first quarter
as its advance over the reduced 1949 level had taken place a
quarter earlier. Profit margins in the stone, clay, and glass
group are also currently far in excess of 1948.
In the case of the automobile industry, profits and sales
have been climbing steadily ever since auto manufacturers
reconverted their plants to peacetime production, without
any noticeable slackening in 1949. Concurrent with the rise
in sales volume has been a persistent rise in the ratio of profits
to sales.
Within the nondurable group of manufacturing industries,
second-quarter increases of between one-third and one-half
were attained in rubber, petroleum, leather, chemicals, and
apparel. Of these five industries, however, the 1948 level
was surpassed only in rubber and chemicals.
Profits in the food group were up only moderately. Profits
of tobacco companies showed little change, having maintained
a rather steady level of income since 1948.
BILLIONS OF DOLLARS
40
35
CORPORATE PROFITS
BEFORE TAXESA
30
CORPORATE PROFITS
BEFORE TAXES WITH
INVENTORY VALUATION
ADJUSTMENTS
25
20
15
1945
1946
1947
1948
1949
1950^
U 5. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
5Q-27O
1
Quarterly totals, seasonally adjusted, at annual rates.
Source of data: U. S. Department of Commerce, Office of Business Economics.
The effect of the exclusion of inventory profits and losses
during recent periods is shown in chart 5, where profits
before taxes are given on both bases. It will be noted that
the two series were of very similar magnitude in 1945, when
price controls were still in effect and price movements were,
accordingly, minor. There followed a period of rapid price
rise culminating in 1948. During this period profits before
taxes remained higher than the series including the inventory
valuation adjustment.
By 1949 the positions of the two series were reversed with
the adjusted one being higher, reflecting a decline in prices.
The recurrence of price rises in 1950 has brought another
reversal of position, and profits before taxes are again
higher than when computed with the inventory valuation
adjustment.
Profits of manufacturing subgroups
SUEVEY OF CURKEJSTT BUSINESS
6
October 1950
Table 1.—Corporate Profits Before and After Taxes and Corporate Sales: 1948 and 1949 Quarterly Averages, 1949 by Quarters, and
First and Second Quarters of 1950 1
[Millions of dollars]
1948
Industry group
1949
Quarterly
average
First
quarter
Second
quarter
1950
Fourth
quarter
Third
quarter
Quarterly
average
First
quarter
Second
quarter
Corporate profits before taxes
All industries, total 2
IVlining
Manufacturing
Durable -goods industries 3
Nondurable -goods industries 4
Transportation
Communications and
public utilities
All other industries 5
._ _ _ _
_
__.
_ . _
-
8,470
7,167
6,571
6,983
6,904
6,906
7,334
9,300
370
4,770
2,238
2,532
446
380
2,504
296
4,011
2,067
1,944
223
454
2,183
268
3,307
1,717
1,590
360
417
2,219
210
3,754
1,913
1,841
394
411
2,214
234
3,591
1,764
1,827
340
467
2,272
252
3,666
1,865
1,801
329
437
2,222
216
4,029
2,112
1,917
208
558
2,323
310
5,214
2,972
2,242
413
545
2,818
Corporate profits after taxes
All industries, total 2
Mining
___
Manufacturing
Durable-goods industries 3 4
Nondurable-goods industries
Transportation
Communications and
public utilities
All other industries 6
__
___
_ _ _ _
__
__
_ _
_
1
Annual corporate profits and sales estimates by major industrial groups for the years 1942
through 1949 were published in the SURVEY OF CURRENT BUSINESS for July 1950, pp. 17, 18,
23. For similar data for the years 1929 through 1941, consult the National Income Supplement to the SURVEY for July 1947, pp. 30-32, 41. Concepts and methodology have been
described in the Trend of Corporate Profits, 1929-45, in the April 1946 SURVEY, pp. 11-12.
The principal change made since that statement was prepared has been to adjust for tax
credits arising from the carry-back of unused excess-profits tax credits and net operating
Josses; that is, these tax credits were added back to profits after taxes in those years to which
the tax credits were carried back.
Only one of the manufacturing subdivisions—printing and
publishing—clearly showed a decline in the second quarter.
This represented a continuation of a downtrend that began
in 1947.
Profit Rates
Frequent reference has been made above to profit margins
on sales. These are useful indicators of changes in the
profit rates of a particular industry or group of industries
over time. However, they severely understate the profits
share of the net value of goods and services originating in
corporate business because of the duplication involved in
aggregate sales.
This difficulty could be overcome best if estimates were
available for the part of the gross national product originating in corporate business so as to provide an unduplicated
count of the value of corporate production. Unfortunately
such estimates are not yet available on a systematic basis.
However, an equally useful measure is available in national
income originating in corporate business. This measure of
corporate business activity differs from the value of corporate production principally in that depreciation charges and
taxes and fees to Government other than corporation income
taxes are excluded from the total. Defined directly in
terms of its components, it is the sum of the three income
shares originating in the corporate sector-—compensation of
employees, profits, and interest.
Table 2 presents for selected periods a percentage distribution of the income originating in corporations. The
absolute level of these percentages provides a better measure
of the magnitude of the profit share than can be obtained
from inspection of profit margins on sales.
The profits share, measured in the national income
accounts before profits taxes and with inventory valuation
adjustment, has been absorbing about one-quarter of the
total in recent years. Virtually all of the remaining threequarters goes to compensation of employees, since the interest
component has dwindled to relative insignificance in the
terms of this comparison.
The profits share in the second quarter increased beyond
5,228
4, 406
4,078
4,297
4,243
4,256
4,304
5,552
261
2,974
1,355
1,619
248
228
1,517
228
2,494
1,241
1,253
119
270
1,295
205
2,066
1,037
1,029
205
247
1,355
161
2,334
1,159
1,175
222
244
1,336
179
2,231
1,063
1,168
185
273
1,375
193
2,281
1,125
1,156
183
259
1,340
164
2,406
1,223
1, 183
102
310
1,322
223
3,190
1,779
1,411
221
297
1,621
2
Total profits for all industries include the adjustment for the net flow from abroad of
dividends
and branch profits.
3
Consist of lumber and timber, furniture, stone-clay-glass, iron and steel, nonferrous
metals, machinery (except electrical), electrical machinery, transportation equipment (except
automobiles),
automobiles, and miscellaneous.
4
Consist of food, tobacco, textiles, apparel, paper, printing and publishing, chemicals,
petroleum,
rubber, and leather.
5
Consist of agriculture, forestry, and fisheries; contract construction; wholesale and retail
trade; finance, insurance, and real estate; services; and the international balance adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
the postwar high reached in 1948, and was close to the alltime peak reached in 1943, when profits before taxes including inventory valuation adjustment accounted for 27 percent
of corporate income originating.
The profits share in prosperous postwar periods, as may
be seen in table 2, is somewhat higher if the inventory
valuation adjustment is not made, and somewhat lower in
the recession year of 1949.
Table 2.—Percentage Distribution of National Income Originating
in Corporate Business 1929, 1939, 1943, 1946 through 1949, and
First Half of 1950 1
Item
1929
1939
1943
1946
1947
1948
1949
Income originating in c o r p o r a t e
business
100.0 100.0 100.0 100.0 100.0 100.0 100.0
Compensation of employees
Wages and salaries . _
__
Supplements to wages and
salaries
Corporate profits and inventory
valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax_
Inventory valuation adjustment
-_
_ Net interest
74.2
73.3
80 6
76.7
71.6
68.6
79.0
75.3
76.7
73.0
74.0
70.6
74.7
71.1
1950,
first
half
100.0
73.7
69.5
.9
3.9
3.0
3.7
3.7
3.4
3.6
4.2
22.2
21.2
15.5
17.5
27.3
28.1
20.4
26.4
22.7
28.1
25.5
27.2
24.7
22.8
25.7
27.0
3.1
18.1
4. 1
13.4
16.3
11.8
11.0
15.4
11.3
16.8
10.7
16.5
9.0
13.8
11.0
16.0
1.0 -2.0
3.9
3.6
1.1
-6.0 -5.4 — 1.7
.6
.6
.5
1.9
.6
-1.3
.6
i Basic data 1929-49 from July 1950 SURVEY OF CURRENT BUSINESS, table 12; 1950 data are
preliminary estimates.
Source: U. S. Department of Commerce, Office of Business Economics.
National Income
The availability of corporate profits estimates makes
possible the completion of the national income and product
statistics for the second quarter which were presented without this component in table 4 of the August SURVEY. Second
quarter estimates of national income by distributive shares
at seasonally adjusted annual rates may be found on page
S-l of this issue.
National income in the second quarter was at the seasonally
adjusted annual rate of $229 billion. This represents an
SURVEY OF CUERENT BUSINESS
October 1950
increase of 5 percent from the $217.2 billion recorded for the
first quarter. The second quarter rate was close to the
postwar high reached in the fourth quarter of 1948.
The corporate profits component of national income—
computed by adding to profits before taxes the inventory
valuation adjustment in order to secure a measure of earnings from current production—accounted for more than
half of the $12-billion increase, at annual rates, in national
income from the first to second quarters, although profits
represented only about one-eighth of the national income in
the first 3 months of this year.
Profits had also contributed substantially to the decline
from the fourth quarter of 1948 to the same quarter of 1949,
accounting for about one-third of the $17-billion drop at
annual rates.
Trends in Employee Compensation
Roughly two-thirds of the $19 billion advance in total
personal income, at an annual rate, from August 1949 to
August 1950 resulted from the expansion in nonfarm private
payrolls. During 1950, wage and salary payments in private
nonagricultural industries increased rapidly, reaching a high
in August of $122.4 billion at annual rates, compared with
$110.1 billion in the same month of 1949. The $12.3 billion
dollar advance approximately equaled the largest rise—
made in 1948—registered in any postwar year for the same
12-month period, as shown in table 3. The analysis which
follows evaluates the significance of the several factors
contributing to the rise in private nonfarm employee compensation, including the effect of changes in employment, in
hours worked and in wage rates.
earners in August rose by 1.3 million from the same month
last year. The sharpest increases were made in durablegoods industries, particularly in the primary metals, machinery and transportation sectors, which had declined
rapidly during the 1949 adjustment period. With the exception of the nonelectric machinery and textile industries,
employment in all other manufacturing groups had approximated or surpassed levels prevailing in August 1948—the
previous peak for that month in the postwar period.
Chart 6.—-Factors Contributing to the Increase in Wage
and Salary Payments, Private Nonagricultural Industries, August 1949 to August 1950
BILLIONS OF DOLLARS
5
10
Employment rise important factor
During the 12-month period ending in August 1950, $5.1
billion or about 40 percent of the increase in private nonfarm employee income shown in chart 6, was attributable to
greater employment, while $2.4 billion of the increase, or
20 percent, resulted from lengthening of hours worked.
Advances in basic wage rates accounted for the bulk of the
remainder, with the shift in employment to higher paying
industries, 1job upgrading, and related factors of lesser
significance.
The greater importance of increases in employment and
longer hours is in contrast with earlier periods of advancing
income in the postwar years, when change in wage rates was
the dominant influence. During 1946-47, higher wage rates
accounted for nearly all of the increase in pay rolls, while in
1947-48, about three-fourths of the advance was accounted
for by this factor. In the decline in employee compensation
during 1949, wage rates increased slightly, although not sufficiently to offset the decline in income resulting from decreases
in employment and in hours worked.
In the manufacturing sector, for which data on the influence of the various factors on pay rolls are available on a
comparable basis, employee compensation increased $7 billion at annual rates from August 1949 to August 1950. Of
this advance, one-half resulted from increased employment,
one-fourth from longer hours, and the remaining fourth
reflected increased straight-time earnings and other factors.
Areas of increased employment
The total number of nonfarm employees rose 2 million
between August 1949 and August 1950, reaching 44.9 million
or about the same as the peak reached in 1948. The employment rise was particularly sharp from the 1950 February
employment low—which was partly affected by the coal
strike—amounting to 3.3 million through August. The rate
of increase for this 6-month period was exceeded only by the
3.6 million advance between February and August of 1941,
aside from the recovery following the strike period in 1946.
The major area of advance developed in manufacturing
industries, as shown in table 4, where the number of wage
1
For a further description of methods of calculation of the various factors contributing to
changes in income of private nonfarm employees see SURVEY, November 1948, pp. 7-10.
15
TOTAL INCREASE
AUG. 1949 TO
AUG. 1950
ATTRIBUTABLE
TOINCREASED
EMPLOYMENT
$5.1
INCREASED
HOURS WORKED
INCREASED
HOURLY
EARNINGS
AND RELATED
FACTORS
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Source of data: U. S. Department of Commerce, Office of Business Economics.
The rise in employment to a new peak has been reflected in
a tightening in the labor market. Unemployment has been
cut about in half since the beginning of the year, and in a
number of the large industrial areas a shortage of some types
of skilled workers has developed. This has resulted in a
sharp decline in layoffs in manufacturing industries from 1.8
per thousand in August 1949 to 0.7 in August 1950, which is
about as low as the layoff rate during the peak demand for
labor in the war period. At the same time, the expansion in
employment opportunities has stimulated the search for
higher paying or more desirable jobs. The "quit" rate has
risen well above that prevailing at any time since the summer
of 1948.
Non manufacturing employment, which had declined
only slightly during the 1949 adjustment period, advanced
almost 700,000 during the year ending in August primarily
due to increased activity in the construction industry and
in trade. This advance brought total nonmanufacturing
SUEVEY OF CURRENT BUSINESS
8
employment roughly half a million above the postwar peak
for that month.
Increased influence of lengthened workweek
One-fifth of the rise in private nonfarm-employee income
resulted from the lengthening of the workweek—reflected
in a rise from an average hours worked from 41.8 in August
1949 to 42.3 in August 1950. During earlier postwar years,
the influence of the workweek on rising employee income
w^as either negligible or negative. The increased importance
of hours worked reflects the recovery from the moderately
low level to which the workweek had fallen in 1949.
Table 3.—Private Nonagricultural Wage and Salary Payments
[Billions of dollars]
Total, annual rate
Month and year
August 1946
August 1947 _
August 1948
August 1949 _
August 1950
__
Change from preceding
year
91.8
102.8
115.0
110.1
122.4
_
_
Percent
Amount
11
11
-4
11
11.0
12.2
-4.9
12.3
Source: U. S. Department of Commerce, Office of Business Economics.
Table 4.—Nonagricultural Employment
Industry division and group
Change (in
August August August thousands) to
1948
August 1950
1949
1950
from —
(In thousands)
Total
Manufacturing
_
Mining
Construction
Transportation and public utilities
Trade
Finance
Service
Government
__.
Percem change
to Aug ust 1950
froi n —
August August August August
1949
1948
1948
1949
44, 494
42, 994
44, 939
445
1,945
1.0
4.5
15, 400
1,006
2,384
14, 114
956
2,340
15, 385
962
2,589
-15
-44
205
1,271
6
249
-.1
-4.4
8.6
9.0
.6
10.6
107
-2.7
2.7
213
57
7
35
.6
5.5
-.1
4.8
2.3
3.2
.1
.6
4,213
3,992
4,099
9,366
1,742
4,850
5,533
9,213
1,780
4,836
5,763
9,426
1,837
4, 843
5,798
-114
60
95
7
265
Source: Computations by U. S. Department of Commerce, Office of Business Economics,
from data of U. S. Department of Labor, Bureau of Labor Statistics.
Table 5.—Average Hourly Earnings in Manufacturing Industries
[In dollars]
l
Average
1939
Industrial divisions and
groups
ManufacturingDurable
Nondurable
__
__
0.63
.58
.58
August
1949
1.40
1.47
1.32
August
1950
1.46
1.54
1.37
For the 12-month period, the increase in hours worked in
manufacturing was equivalent to the addition of 760,000
workers. The rise in hours was especially sharp in durablegoods manufacturing, as shown in the following tabulation:
Average work week in—
Total
manufacturing
Average
1939
131.1
164.1
136. 1
August
1949
4.6
4.3
4.2
Changes calculated from unrounded data.
Source: U. S. Department of Commerce, Office of Business Economics, based on data of
U. S. Department of Labor, Bureau of Labor Statistics.
Most of the rise in hours worked resulted from advances
in the manufacturing industries. This rise accounted for
about one-fourth of the increased worker income in these
industries over the past year, somewhat larger than the onefifth contributed from this factor in total nonfarm private
employee income.
The downward drift in average hours worked in manufacturing during most of the postwar period was halted
in January, coinciding with the beginning of the accelerated
rise in manufacturing activity. An increase of 1.5 hours
since that month brought hours worked to 41.2 in August
1950, the highest level since 1945, although this remains
about 4 hours below the wartime peak for August 1944 of
45.2 hours.
Durable Nondurable
goods
goods
manufac- manufacturing
turing
(Average hours per week)
August 1948_
August 1949_
August 1950_
40.1
39.1
41.2
40.6
39.3
41.7
39.5
38.9
40.6
Changes in average hourly earnings
Increases in basic wage rates and other related factors—
which as noted earlier accounted for 40 percent of the
increased nonf arm private payrolls over the past year—do
not take into account the effect of recent wage advances.
However, through August 1950 the rise in basic wage rates
over the past year already had been reflected in an advance
of 4.5 percent in hourly earnings—which includes premium
pay for overtime—compared with 3 percent in the preceding
year. Although previous patterns of wage rate changes in
the postwar period indicate a clustering of new wage settlements in the spring, resulting in a declining rate of change
during the remaining part of the year, advances in hourly
earnings have accelerated since May, particularly in manufacturing industries. Widespread new wage awards in
August and September when made effective imply a further
quickening in the rate of increase. The data presented in
table 5 show changes in average hourly earnings in manufacturing industries from August 1949 to August 1950, and
from the 1939 average to August 1950. Between August
1949 and August 1950, hourly earnings for all manufacturing
industries increased 4.6 percent7 compared with an advance
of 2.5 percent in the consumers price index. For the entire
period since 1939, the real gain in hourly earnings is measured
by the relation of the increase of 131 percent 7in current dollar
hourly earnings and 74 percent in consumers prices. Workers in durable-goods industries scored a relatively larger
gain in hourly earnings since 1939 than nondurable-goods
workers, as shown in table 5.
Table 6.—Average Hourly Earnings in Durable and Nondurable
Manufacturing Industries
Percent increase to
August 1950 from—-
1
October 1950
fin dollars]
Industrial divisions
August
1949
Durable:
Ordnance and accessories _
Lumber and wood products (except furniture)
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal industries (except ordnance
machinery and transportation equipment)
Machinery (except electrical)
Electrical machinery..
__ __
Transportation equipment
Instrument and related products
Miscellaneous manufacturing industries
Nondurable:
Food and kindred products
Tobacco manufacture .__
_ __ _ __
Textile — mill products
Apparel and other finished textile productsPaper a n d allied products
_ _.-- _ _ _ _ _ _
Printing, publishing and allied industries
Chemical and allied products.. _
_
Products of petroleum and coal
Rubber products
Leather and leather products
August
1950
Percent
increase l
1.47
1.30
1.23
1.37
1.58
1.54
1.38
1.29
1.44
1.64
4 5
6.5
4.6
51
4.0
1.47
1.53
1.45
.66
.39
.25
1.53
1.60
1.48
1.72
1.45
1.32
4.0
4.7
2.1
39
3.9
5.8
.27
.00
.18
.18
1.35
1.84
1.45
1.80
1 51
1.13
1.34
1.11
1.22
1.22
1.42
1.89
1.53
1.82
1 60
1.19
5.1
11.2
3.2
3.9
5.7
2.9
5.7
1.3
59
5.6
i Changes calculated from unrounded data.
Source: U. S. Department of Commerce, Office of Business Economics, based on data of
U. S. Department of Labor, Bureau of Labor Statistics.
(Continued on page 16)
By Elwyn T. Bonnell
Public and Private Debt in 1949
[N 1949 there was a further rise in the outstanding volume of public and private indebtedness. Despite the downward adjustment in income and production which took place
during the first half of 1949, the debt totals and service
charges of private business appear to have remained comparatively low in relation to the level of business activity.
Nonfarm businesses, in the aggregate, continued to use a
relatively small volume of long-term obligations to finance
their investment requirements, and actually lowered their
short-term liabilities with the lessened need for external
financing to hold a reduced volume of inventories. The
largest change in the private debt totals stemmed from the
sizeable increase in individual debt represented by residential
mortgages and consumer credit. Farm indebtedness also
rose. There was a moderate upturn in Federal debt and a
continued expansion in State and local government debt.
The expansion of net public and private debt in 1949 was
at a lesser rate than in the preceding 2 years. The total
amounted
to $442 billion on December 31, 1949—an increase
of 2l/2 percent during the year as compared to increases of
3K percent in 1948 and 4% percent in 1947. A summary
view of trends in the structure of net debt over the past 34
years is given in chart 1. The major developments in 1949
are depicted in chart 2.
The over-all rise in net debt during 1949—$11% billion—
was composed of $4 billion in net public obligations and $7%
billion in private indebtedness. The increase in net public
debt was about evenly divided between the Federal and the
State and local governments. The increases represented 1
percent of the total Federal debt outstanding, and 12 percent
of State and local government debt.
Within the private sector of the economy, all major components of debt except corporate short-term liabilities increased during the year. At the end of 1949, net private
debt aggregated $206 billion, an amount representing 46%
percent of total net outstandings. This relationship was
about the same as in 1948, but may be compared with 35
percent in 1945.
Federal debt turns upward
At the end of December 1949, Federal Government and
agency net debt—debt owed by the Federal Government to
all economic entities except itself—amounted to $218%
billion, a rise of $2 billion for the year. This upturn followed
a period of Federal debt reduction which began in February
1946 and carried through April 1949. Because of cash deficits incurred during the first 6 months of 1950, there was a
further increase in Federal net debt in this period. On
June 30, 1950, the net debt of the Federal Government proper
(excluding Federal agencies) aggregated $219% billion, an
increase of $1% billion in 6 months. Complete data for
Federal Government agencies for the first half of this year
are not yet available.
The year's advance of $2 billion in the indebtedness of
State and local governments was mainly concentrated in the
obligations of local governments. It was incurred largely
to finance expenditures for highways, school facilities, and
public utilities. There was also a 7small increase in State
flotations of World War II veterans bonus issues.
NOTE.—Mr. Bonnell is a member of the National Income Division, Office of Business
Economics.
908924°—50
2
In aggregate, the 1949 increase in total private debt was
of moderate proportion—slightly under 4 percent. However, diversity in movement and rates of change characterized
the individual components. This was related to the business
adjustment and stabilization following the inflationary
influences of the earlier postwar period.
Decrease of corporate debt
The total net debt of business corporations amounted to
$112 billion on December 31, 1949—$2 billion less than at
the end of the previous year. A reduction in corporate
short-term liabilities accounted for all of this decrease,
offsetting a further rise in long-term indebtedness.
Chart 1.—Net Public and Private Debt, by Major
ponents, End of Calendar Year
Com-
BILLIONS OF DOLLARS
500
400 -
300 -
200 -
100 -4
1916 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48
U. S. DEPARTMENT OF COMMERCE,
OFFICE OF BUSINESS ECONOMICS
49-323
1
2
Data represent individual and noncorporate private debt.
Data are for June 30 of each year.
Source of data: U. S. Department of Commerce, Office of Business Economics, based upon
data from various governmental and private agencies.
The 1949 rise in corporate net long-term debt was limited
to $3% billion in comparison with an increment of nearly
$5 billion in the preceding year. This decreased use of
external long-term debt financing reflected chiefly smaller
outlays for plant and equipment, which receded slightly
from the 1948 high.
Net corporate short-term liabilities, on the other hand,
were lowered $5% billion during 1949. The explanation of
this drop lies mainly in decreased needs for external financing
to hold inventories. (A secondary factor was lower reserves
for Federal and State income taxes, accompanying the
reduction in book profits.) Business corporations cut down
their inventory accounts by about $4X billion during 1949.
In 1948, $5 billion had been added to inventories (book
value) and in 1947, over $7 billion.
At the end of the year, corporations in the aggregate were
in an extremely favorable financial position. Net working
SUEVEY OF CUKREJSTT BUSINESS
10
October 1950
Table 1.—Net Public and Private Debt, End of Calendar Year, 1916-49 1
[Billions of dollars]
Private
Public
Public and
private,
total
End of year
Individual and noncorporate
Corporate
Total
Federal
State and
local
Mortgage
Total
Long-term Short-term
Total
Nonmortgage
Total
Farm
Nonfarm 2
Farm 3
Nonfarm
4
82.1
94.4
117.4
128.0
135.4
5.6
12.0
25.9
30.8
29.6
1.2
7.3
20.9
25.6
23.7
4.4
4.7
5.0
5.2
5.9
76.5
82.4
91.5
97.2
105.8
40.2
43.7
47.0
53.3
57.7
29.1
29.7
30.2
31.0
32.6
11.1
14.0
16.8
22.3
25.1
36.3
38.7
44.5
43.9
48.1
5.8
6.5
7.1
8.4
10.2
8.5
9.4
9.8
10.3
11.9
2.0
2.5
2.7
3.5
3.9
20.0
20.3
24.9
21.7
22.1
1921
1922
1923
1924
1925
135.8
140.0
146.4
153.1
162.7
29.6
30.5
30.0
30.0
30.3
23.1
22.8
21.8
21.0
20.3
6.5
7.7
8.2
9.0
10.0
106.2
109.5
116.4
123.1
132.4
57.0
58.6
62.6
67.2
72.7
33.8
34.4
36.2
38.5
39.7
23.2
24.2
26.4
28.7
33.0
49.2
50.9
53.8
55.9
59.7
10.7
10.8
10.7
9.9
9.7
13.0
14.3
16.6
18.9
21.6
3.3
3.1
3.0
2.7
2.8
22.2
22.7
23.5
24.4
25.6
1926
1927
1928
1929 _
1930
169.0
177.5
186.2
191.1
191.4
29.9
29.7
29.8
29.7
30.6
19.2
18.2
17.5
16.5
16.5
10.7
11.5
12.3
13.2
14.1
139.1
147.8
156.4
161.5
160.8
76.2
81.2
86.1
88.9
89.3
41.7
44.4
46.1
47.3
51.1
34.5
36.8
40.0
41.6
38.2
62.9
66.6
70.3
72.6
71.6
9.7
9.8
9.8
9.6
9.4
24.4
27.3
30.1
31.7
32.7
2.6
2.6
2.7
2.6
2.4
26.2
26.9
27.7
28.7
27.1
1931
1932
1933
1934
1935
182.6
175.7
169.7
172.6
175.9
34.0
37.9
41.0
46.3
50.5
18.5
21.3
24.3
30.4
34.4
15.5
16.6
16.7
15.9
16.0
148.6
137.8
128.8
126.3
125.4
83.5
80.0
76.9
75.5
74.8
50.3
49.2
47.9
44.6
43.6
33.2
30.8
29.1
30.9
31.2
65.1
57.7
51.8
50.8
50.6
9.1
8.5
7.7
7.6
7.4
31.7
30.1
27.6
26.8
26.1
2.0
1.6
1.4
1.3
1.5
22.3
17.5
15.2
15.1
15.6
181.4
183.3
180.8
184.5
190.8
53.9
55.3
56.5
58.9
61.3
37.7
39.2
40.5
42.6
44.8
16.2
16.1
16.0
16.3
16.5
127.5
127.9
124.3
125.5
129.6
76.1
75.8
73.3
73.5
75.6
42.5
43.5
44.8
44.4
43.7
33.5
32.3
28.4
29.2
31.9
51.4
52.1
51.0
52.0
54.0
7.2
7.0
6.8
6.6
6.5
25.7
25.7
25.9
26.3
27.2
1.4
1.6
2.2
2.2
2.6
17.1
17.8
16.2
16.8
17.7
212.6
260.7
314.3
371.6
407.2
72.6
117.5
169.3
226.0
266.5
56.3
101.7
154.4
211.9
252.7
16.3
15.8
14.9
14.1
13.7
140.0
143.2
145.0
145.7
140.7
83.4
91.6
95.5
94.1
85.3
43.6
42.7
41.0
39.8
38.3
39.8
49.0
54.5
54.3
47.0
56.5
51.5
49.5
51.5
55.4
6.4
6.0
5.4
4.9
4.7
28.4
27.9
27.2
27.0
27.8
2.9
3.0
2.8
2.8
2.5
18.8
14.7
14.1
16.8
20.5
398.7
416.5
430.8
442.2
243.3
237.7
232.7
236.7
229.7
223.3
216.5
218.6
13.6
14.4
16.2
18.1
155.4
178.8
198.1
205.5
93.5
106.1
113.6
111.6
41.3
46.1
50.9
54.4
52.2
60.0
62.7
57.2
61.8
72.7
84.5
93.8
4.8
4.9
5.1
5.4
33.4
39.9
46.3
51.5
2.8
3.5
5.5
6.4
20.9
24.4
27.7
30.5
1916
1917
1918
1919
1920
--.
_ _
1936
1937
1938
1939
1940
_
1941
1942
1943
1944
1945
_ -
1946
1947
1948
1949
1
Data for State and local governments are for June 30 of each year. Components will not
necessarily
add to totals because of rounding.
2
Data are for noncorporate borrowers only. (See table 6.)
3
Comprises non real-estate farm debt contracted for productive purposes and owed to
institutional lenders.
4
Comprises debt incurred for commercial (nonfarm), financial and consumer purposes,
including debt owed by farmers for financial and consumer purposes.
Sources: U. S. Department of Agriculture, Bureau of Agricultural Economics; U. S. Department of Commerce, Bureau of the Census and Office of Business Economics.
Table 2.—Gross Public and Private Debt, End of Calendar Year, 1929-491
[Billions of dollars]
Public
End cf year
Public and
private,
total
Private
Corporate
Total
Federal
State and
local
Individual and noncorporate
Total
Mortgage
Long-term Short-term
Total
Nonmortgage
Total
Farm
Nonfarm
2
Farms
Nonfarm *
1929
1930
1931
1932
1933_
214.4
214.8
204. 0
196.3
191.7
34.8
35.8
38.6
42.4
47.5
17.5
17.3
19.1
22.8
27.7
17.2
18.5
19.5
19.6
19.8
179.6
179.0
165.4
153.8
144.2
107.0
107.4
100.3
96.1
92.4
56.6
61.1
60.1
58. 8
57.2
50.4
46.3
40.3
37.3
35.2
72.6
71.6
65.1
57.7
51.8
9.6
9.4
9.1
8.5
7.7
31.7
32.7
31.7
30.1
27.6
2.6
2.4
2.0
1.6
1.4
28.7
27.1
22.3
17.5
15,2
1934
1935
1936
1937
1938
198.4
201.4
207. 0
209.8
204.8
57.0
61.0
64.7
67.4
67.0
37.9
41.7
45.1
47.8
47.4
19.2
19.3
19.6
19.6
19.6
141.4
140.4
142.3
142.3
137. 8
90.6
89.8
90.9
90.2
86.8
53.2
52.0
50.5
51.5
52.8
37.4
37.8
40.4
38.7
33.9
50.8
50.6
51.4
52.1
51.0
7.6
7.4
7.2
7.0
6.8
26.8
26.1
25.7
25.7
25.9
1.3
1.5
1.4
1.6
2.2
15.1
15.6
17.1
17.8
16.2
1939
1940
1941
1942
1943
208.9
216.8
243.3
300.8
365.1
70.1
73.8
89.2
142.9
205.4
50.1
53.6
69.0
123.2
186.7
20.0
20.2
20.2
19.7
18.7
138.8
142.9
154.1
157.9
159.8
86.8
89.0
97.5
106.3
110.3
52.1
51.2
51.2
50.2
48.4
34.7
37.7
46.3
56.2
62.0
52.0
54.0
56.5
51.5
49.5
6.6
6.5
6.4
6.0
5.4
26.3
27.2
28.4
27.9
27.2
2.2
2.6
2.9
3.0
2.8
16.8
17.7
18.8
14.7
14.1
431.7
464. 1
459.2
484. 1
494.9
271.2
309.2
288.1
286. 6
276.7
253.7
292.6
272.1
269.8
258. 0
17.5
16.6
15.9
16.8
18.7
160. 5
154.9
171.1
197.5
218.2
109.0
99.5
109.3
124.8
133.7
47.0
45.3
48.4
55.0
60.9
62.0
54.2
60.9
69.8
72.8
51.5
55.4
61.8
72.7
84.5
4.9
4.7
4.8
4.9
5.1
27.0
27.8
33.4
39.9
46.3
2.8
2.5
2.8
3.5
5.5
16.8
20.5
20.9
24.4
27.7
512.6
286.9
266.1
20.9
225.6
131.8
65.2
66.6
93.8
5.4
51.5
6.4
30.5
1944
1945
1946
1947
1948
.
.
1949
1
Data for State and local government debt are for June 30 of each year. Components will
4
Comprises debt incurred for commercial (nonfarm), financial and consumer purposes,
not nppps^a.ril v arid to totals h»ppan^p of ronnrh'np
inplnn'inp' flphit OWPP! h>v fprmpr<5 for firmrtpinl fmrl prmQnmpr nnrnocpQ
Data are for noncorporate borrowers only. (See table 6.)
Comprises non-real-estate farm debt contracted for productive purposes and owed to institutional lenders.
Sources: U. S. Department of Agriculture, Bureau of Agricultural Economics; U. S. Department of Commerce, Bureau of the Census and Office of Business Economics.
2
3
SURVEY OF CUEEENT BUSINESS
October 1950
capital had increased and there was a marked improvement
in liquidity ratios.
11
Chart 2.—Percentage Changes in Net Public and Private
Debt, 1948 to 19491
Nonfarm mortgage expansion continues
In 1949, as in the preceding 2 years, the largest absolute
increase of any major private debt category was recorded in
the noncorporate (nonfarm) mortgage area. The rise in
1949 was $5.2 billion, in comparison with expansions averaging $6.2 billion in the three preceding years. The steady
postwar increase in this form of debt carried the total from
$28 billion at the end of 1945 to $51% billion at the close of
last year.
The volume of new construction activity in the areas
covered by this type of indebtedness was essentially stable
from 1948 to 1949. This accounted for the somewhat lower
net addition to mortgages outstanding during 1949. However, factors tending to enlarge the rate of growth were
operative, such as a liberalization of credit policies on the
part of private lending institutions and Government insuring agencies. Other possible expansive influences may have
been a higher rate of turn-over of existing structures, and a
lower volume of mortgage repayments in excess of contractual
obligations.
Under the terms of the Defense Production Act of 1950,
the President has been given control powers in the mortgage
market for new construction. As noted in the review of the
business situation earlier in this issue, the comprehensive
regulations have recently been announced.
PERCENTAGE CHANGE
-5
|
-10
1
+5
0
+10
\
-H5
\
+20
\
~D
TOTAL NET DEBT
FEDERAL
GOVERNMENT
I
::<:::• •
STATE AND LOCAL
GOVERNMENT
•
i
i
CORPORATE, LONGTERM
CORPORATE,
SHORT-TERM
K-SivSi^
..., :
FARM MORTGAGE
:...i
:
NONFARM MORTGAGE
:. 11
:
FARM, NONMORTGAGE
NONFARM, NONMORTGAGE
1
1
i
!
I
i
i
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
5O-26I
i Percentage changes are based upon data for end of calendar year except for State and
local government, which are for June 30.
Source of data: U. S. Department of Commerce, Office of Business Economics.
Farm debt rise accelerated
Farm mortgage debt continued to expand during 1949, at
a rate higher than in the 1946-48 period. As further eyi""
"
" an indence of the upward movement, every State
showed
crease in 1949, whereas in the immediately preceding years,
the increase in the total had been the result of divergent
geographic experience.
In spite of last year's contraction in agricultural income,
there was no indication of a significant rise in the number of
defaulted loans. However, lower 1949 incomes were prob-
ably the primary cause of the lower volume of turn-over in
farm land. Farm sales at increasing prices had contributed
to the increase in outstanding mortgage debt in earlier postwar years. In 1949, a decreased number of these sales at
lower prices must have had a dampening effect on the new
mortgage level. Considering the stable volume of mortgages made or recorded, the rise in outstandings in 1949, at
a quickening pace, must have been primarily caused by lower
dollar amounts of mortgage repayments.
Table 3.—Gross and Net Federal Government Debt, End of Calendar Year, 1929-49
[Millions of dollars]
Duplicating debt
Gross debt
Federal
GovernInterest bearing
ment
and
Federal
Nonin- agency 2 Federal
terest
agency,
beartotal
Public Special ing i
Total
issues
issues
Federal
Government securities
held by
Federal
agencies
and trust
funds
Federal Government
End of year
Federal
Government and
Federal
agency,
total
Total
Federal agency securities 3
Total
17, 527
17, 303
19, 073
22, 833
27, 716
16, 301
16, 026
17, 826
20, 805
23, 815
16, 029
15, 774
17, 528
20, 448
23, 450
15, 401
14, 993
17, 135
20, 097
23, 079
628
781
393
351
371
272
252
298
357
365
1,226
1,277
1,247
2,028
3,901
1,039
814
609
1,528
3,465
928
704
503
611
953
111
110
106
917
2,512
37, 839
41, 654
45, 090
47, 844
47, 437
28, 480
30, 557
34, 406
37, 286
39, 439
27, 944
29, 596
33, 699
36, 715
38, 911
27, 386
28, 868
33, 067
34, 488
35, 755
558
728
632
2,227
3,156
536
961
707
571
528
9,379
11, 097
10, 684
10, 558
7,998
7,470
7,246
7,396
8,608
6,904
2,840
1,731
2,528
3,800
4,990
50, 113
53, 569
68, 990
123, 212
186, 666
41, 961
45, 040
58, 020
108, 170
165, 878
41, 465
44, 472
57, 533
107, 308
164, 508
37, 234
39, 102
50, 551
98, 276
151, 805
4,231
5,370
6,982
9,032
12, 703
496
568
487
862
1,370
8,152
8,529
10, 970
15, 042
20, 788
7,481
8,756
12, 706
21, 516
32, 229
_
253, 694
292, 600
272, 147
269, 753
257, 994
230, 630
278, 115
259, 149
256, 900
252, 800
228,
275,
257,
254,
250,
891
694
649
205
580
212, 565
255, 693
233, 064
225, 250
218, 866
16, 326
20, 000
24, 585
28, 955
31, 714
1,739
2,421
1,500
2,695
2,220
23, 064
14, 485
12, 998
12, 853
5,194
1949
1950 (June 30)
266, 067
(5)
257, 130
257, 357
255, 019
255, 209
221, 123
222, 853
33, 896
32, 356
2,111
2,148
8,937
(5)
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
._
_
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1
2
3
- -
Includes matured debt on which interest has ceased.
Bonds, debentures, and notes payable, including securities held by the U. S. Treasury.
Bonds, debentures, and notes payable.
4
5
Held by Held in
U. S. Federal
Treas- trust
ury
funds
Held by
other
Federal
agencies
Federal
Government and Federal
Federal
Federal Govern- agency
agency, ment
total
810
2,350
104
104
105
105
105
7
6
1
2
57
16, 488
16, 489
18, 464
21, 305
24, 251
15, 373
15, 322
17, 323
20, 194
22, 862
1,115
1,167
1,141
1,111
1,389
4,630
5,515
4,868
4,808
1,914
3,585
4,095
3,685
3,610
788
106
106
55
46
44
939
1,314
1,128
1,152
1,082
30, 389
34, 408
37, 694
39, 236
40, 533
25, 640
28, 826
31, 878
33, 486
34, 449
4,749
5,582
5,816
5,750
6, 084
6,166
7,346
9,249
11, 928
16, 503
1,315
1,410
3,457
9,588
15, 726
101
90
1,278
5,193
7,848
44
44
43
43
43
1,170
1,276
2,136
4,352
7,835
42, 632 35, 795
44, 813 37, 694
56, 284 48, 771
101, 696 96, 242
154, 437 149, 375
6,837
7, 119
7,513
5,454
5,062
41, 805
39, 857
42, 398
46, 435
41, 510
21, 672
27, 041
30, 913
34, 352
37, 317
20, 133
12, 816
11, 485
12, 083
4,193
11, 494
11, 775
10, 693
11, 840
3,953
(*)
(44)
(4)
(4)
()
8,639
1,041
792
243
240
211,
252,
229,
223,
216,
208, 958
251, 074
228, 236
222, 548
215, 483
2,931
1,669
1,513
770
1,001
47, 483
(5)
39, 346
37, 830
8,137
(fi)
7,304
8,423
(44)
()
833
(6)
218, 584 217, 784
219, 527
(5)
80)
(6)
Less than $500,000.
Not available.
_ _.
^
,
,
Source: TT
U. S. Treasury Department.
0
Net debt
889
743
749
318
484
SURVEY OF CURRENT BUSINESS
12
October 1950
Table 4.—Gross and Net State and Local Government Debt, June 30, 1929-49
[Millions of dollars]
Duplicating debt 2
Gross debt
State
Local
State
and
local,
total i
State
17, 234
18, 459
19, 534
19, 576
19, 802
1934__.
1935
19361937
1938
End of fiscal year
Total
County
City and
township
2,300
2,444
2,666
2,896
3,018
14, 934
16, 015
16, 868
16, 680
16, 784
2,270
2,434
2,564
2,531
2,494
9,259
9,929
10, 458
10, 342
10, 463
1,956
2,098
2,210
2,176
2,117
1,449
1,554
1,636
1,631
1,710
19, 156
19, 342
19, 617
19, 594
19, 576
3,201
3,331
3,318
3,276
3,309
15, 955
16, Oil
16, 299
16, 318
16, 267
2,457
2,420
2,382
2,345
2,282
9,651
9,725
10, 031
10, 067
9,923
2,059
2,000
1,942
1,884
1,860
1939-1940
1941__
1942
1943
19, 996
20, 246
20, 226
19, 690
18, 692
3,343
3,526
3,413
3,211
2,909
16, 653
16, 720
16, 813
16, 479
15, 783
2,219
2,156
2,046
,846
,634
10, 215
10, 189
10, 210
10, 079
9,784
1944
1945
1946-1947
1948
17, 471
16, 589
15, 922
16, 825
18, 702
2,768
2,425
2,358
2,978
3,722
14, 703
14, 164
13, 564
13, 847
14, 980
,694
,545
,417
,481
,408
1949
20, 875
4,024
16,851
1,603
1929
1930
1931
1932
1933
_ -
_
Local
State
and
local,
total
State
Local
Total
Sinking
funds
Trust,
etc.,
funds
4,064
4, 340
4,008
2,961
3,078
714
752
806
876
952
258
265
287
303
319
456
487
519
573
633
3,350
3,588
3,202
2,085
2,126
2,856
3,049
2,576
1,411
1,400
494
539
626
674
726
13, 170
14,119
15, 526
16,615
16, 724
1,586
1,692
1,860
2,020
2,066
11, 584
12, 427
13, 666
14, 595
14, 658
1,788
1,866
1,944
2,022
2,202
3,215
3,297
3,388
3,483
3,601
1,037
1,099
1,165
1,234
1,313
335
351
367
383
412
702
748
798
851
901
2,178
2,198
2,223
2,249
2,288
1,391
1,380
1,371
1,360
1,365
787
818852
889
923
15, 941
16, 045
16, 229
16, 111
15, 975
2,164
2,232
2,153
2,042
1,996
13, 777
13, 813
14, 076
14, 069
13, 979
,837
,813
,787
,701
,573
2,382
2,562
2,770
2,853
2,792
3,682
3,785
3,889
3,847
3,810
1,369
,433
,553
,541
,576
396
363
300
276
306
973
1,070
1,253
1,265
1,270
2,313
2,352
2,386
2,306
2,234
1. 372
1.350
1,358
1, 344
1,302
941
1,002
978
962
932
16, 314
16, 461
16, 337
15, 843
14, 882
1,974
2.093
1,860
1,670
1,333
14, 340
14, 368
14, 477
14, 173
13, 549
8,826
8,589
8,267
8,275
9,135
,465
.363
,283
,355
1,560
2,718
2,667
2,597
2,736
2,877
3,397
2,864
2,349
2,428
2,476
,351
,046
754
804
851
247
175
141
144
154
1,104
871
613
660
697
2,046
1,818
1,595
1,624
1,625
1,142
960
869
860
847
904
858
726
764
778
14, 074
13, 725
13, 573
14, 397
16, 226
1,417
1,379
1,604
2,174
2,871
12, 657
12, 346
11, 969
12, 223
13, 355
9,806
2,147
3,295
2,726
970
151
819
1,756
868
888
18, 149
3,054
14, 095
School
district
Special
district
1
Includes State loans to local units.
2 Comprises State and local government securities held by State and local governments.
Non-real-estate credit to farmers and farmers' cooperative
organizations (labeled "Farm nonmortgage" in the tables)
also underwent a sharp increase in the year ending December
31, 1949. However, in examining this component of the net
debt total, it is advisable to separate Commodity Credit
Corporation loans and guarantees, which are not debt in the
usual sense. The loans are nonrecourse in form and arise
from price-support activity of the Government. The transaction is essentially a sale when the loan is not redeemed.
Excluding CCC loans and guaranties, farm non-real-estate
credit totaled $4% billion on December 31, 1949, about
13 percent above the amount outstanding a year earlier.
The increase in the three prior years had averaged about 20
percent. The diminished rate of increase in farm nonmortgage credit may indicate that farm demand for capital equipment and other improvements has been restricted by reduced
incomes. However, there may have been, also, an increased
use of farm mortgage loans to finance equipment expenditures
and to refund existing short-term credit.
Noncorporate business and individual borrowings for commercial, financial and consumer purposes increased during
1949 to a total of $30% billion at the end of the year.
The year's advance of nearly $3 billion was less than that
recorded in 1947 and 1948, in both absolute and percentage terms. Within this major category, there were again
divergent movements.
Noncorporate commercial debt reduced
Business decisions to reduce inventories had been a major
factor in the 1949 adjustment. In the noncorporate, nonfarm, sector there was a drop of nearly $1% billion in inventory book values. Reduced requirements for credit to
hold inventories account for the downturn in the commercial
(nonfarm) category (table 7). This series represents only
commercial and industrial loans by banks to noncorporate
business enterprises. Trade payables carried on the books
of noncorporate business firms are not included because of
the lack of basic data; however, available evidence indicates
an even greater contraction in that category than in bank
loans.
State
and
local,
total
Net debt
Total
Sinking
funds
Trust,
etc.,
funds
Source: U. S. Department of Commerce, Bureau of the Census and Office of Busioess
Economics.
Expansion of security loans
As part of the general program to ease credit restrictions
early in 1949, the Federal Reserve Board relaxed the market
controls imposed in Regulations T and U, which relate to the
use of credit to purchase or carry securities. Margin requirements on listed stocks were reduced from 75 to 50 percent.
There followed a moderate increase in bank and brokers' loans
for this purpose. At the end of 1949, these loans amounted
to $3% billion—up more than $% billion from December 31,
1948, but still at a relatively low level.
Policy loans and premium notes against life insurance cash
values also expanded during the year, but maintained a low
ratio to total policy reserves. The increase was not such as
to evidence a growing amount of distress borrowing. This
series includes only loans by life insurance carriers and is
included under the "financial" category in table 7, together
with the security credit mentioned above.
Consumers* debt rises
Consumer debt—the remaining segment of noncorporate
business and individual debt—is related to such factors as the
amount of current income, the preceding debt level, existing
inventories of consumers' goods, the volume of liquid assets,
and anticipated income and price movements. Also, there is
a long-term growth factor resulting from price changes,
population increase, and lessening social pressures against
the incurrence of indebtedness. The major factor contributing to the further growth of consumer credit during 1949, as
in previous postwar years, was undoubtedly the expanding
flow of durable goods to consumers.
On December 31, 1949, total consumer credit amounted to
nearly $19 billion, up $2% billion from the end of 1948.
This total represented 10 percent of the year's disposable
personal income (personal income after personal taxes and
other payments to Government), compared to 8.7 percent at
the end of 1948. By the end of June 1950, consumer credit
had advanced to $19.7 billion, but the relationship to disposable personal income remained stable at 10 percent.
As may be seen in chart 3, where this is shown graphically,
October 1950
SURVEY OF CURRENT BUSINESS
total consumer credit in June did not seem to be unusually
high (the relationship was well over 10 percent in six of the
prewar years—1936 through 1941). This was especially
true if the long-term growth trend is taken into account.
Installment credit, the most volatile component of the
consumer credit total, was still below the immediate prewar
relationship to income in June 1950, but had risen very
sharply in the preceding 6 months. Pursuant to the Defense
Production Act of 1950, regulation of installment credit was
reimposed. Under the provisions of Regulation W, the
Federal Reserve Board resumed its control of this form of
credit on September 18, 1950.
Debt and interest payments
The foregoing discussion has been confined to a description
of recent major changes in the debt structure. Table 2
traces the growth in gross public and private debt over the
past 20 years. Particularly noteworthy is that the expansion
in total debt—from $214 billion in 1929 to $513 billion at
the end of 1949—was not accompanied by a similar rise in
gross interest payments. Interest payments were $13 billion
in 1929 and $14% billion in 1949. (See table 37, SUPPLEMENT TO SURVEY OF CURRENT BUSINESS, July 1947, and
table 37, SURVEY, July 1950.) The computed average rates
of interest are 6.0 percent for 1929 and 2.8 percent for 1949.
Because of lack of complete comparability between the debt
and interest series, these percentages are subject to some
error, but the fact of a halving of interest rates in this period
has been of major significance in investment and in the
comparative ability to carry debt.
Primarily responsible for this drop was the general decline
in market interest rates. The changed composition of gross
debt between 1929 and 1949—in particular the substantially
higher proportion of public debt—was a contributing factor,
but of much less importance.
Revised Series
Estimates for 1916 through 1935 as published in this
article are identical with those presented in the October
1949 SURVEY. Estimates for 1936 through 1948, as published in the October 1949 SURVEY, have been revised in the
present article because of revisions in the Bureau of Agricultural Economics
series for non-real-estate debt of farmers
and farmers7 cooperative organizations (1936-48), and the
incorporation of other basic data, particularly for the corporate business sector, for more recent years.
The statistical bases for the present estimates are in
general similar to those used in the past. These have been
explained in articles in the September 1945 and July 1944
issues of the SURVEY and in the special bulletin, " Indebtedness in the United States, 1929-41" (Department of Commerce, Economic
Series No. 21, U. S. Government Printing
Office, 1942).1 In the September 1946 and September 1947
articles modifications of former procedures were noted.
Gross and net debt concepts
Net public and private debt outstanding is a comprehensive aggregate of the indebtedness of borrowers after
elimination of certain types of duplicating governmental
and corporate debt. This measure of indebtedness provides
a more significant indication of trends in the debt structure
than does gross debt, since the effects of nominal changes in
financial practices and organization are largely removed.
To obtain net figures, gross debt is adjusted for specific
types of duplications pertaining to the following sectors of
i Copies of this bulletin are available from the Superintendent of Documents, Government
Printing Office, Washington 25, D. C.; price, 15 cents*
13
the economy: (1) the Federal Government and its corporations and agencies generally; (2) State and local governments, which are treated as a single entity; and (3) within
the corporate area, those affiliated but legally distinct corporations which operate under a single management. In
the noncorporate private area, data are gross throughout
with no adjustments for duplications.
The net debt concept, then, depends upon the definitions
employed in measuring gross and duplicating debt. Gross
debt, as defined in this study, consists of all classes of legal
indebtedness except the following: (1) the deposit liability
of banks and the amount of bank notes in circulation; (2) the
value of outstanding policies and annuities of life insurance
carriers; (3) the short-term debts among individuals and
unincorporated nonfinancial business firms; and (4) the
nominal debt of corporations, such as bonds which are
authorized but unissued, or outstanding but reacquired.
Chart 3.—Consumer Credit Related to Disposable Personal Income 1
20
16
50
o
o
_L
0
40
I
80
120
160
200
DISPOSABLE PERSONAL INCOME, TOTAL
FOR YEAR (BILLIONS OF DOLLARS)
240
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
1
Data plotted for first half of 1950 are as follows: consumer credit outstanding, June 1950;
disposable personal income, first two quarters of 1950, seasonally adjusted, at annual rate.
Sources of data: Consumer credit, Board of Governors of the Federal Reserve System;
disposable personal income, U. S. Department of Commerce, Office of Business Economics.
Duplicating debt may best be described with reference to
the sectors mentioned above. Within the Federal Government and its corporations and agencies, duplicating debt
consists of Federal holdings of Federal obligations. Within
the State and local government area, State and local government securities held in sinking, trust, or investment funds by
either the issuer or other entities within the sector are considered duplicating debt and eliminated. In the private
corporate area, duplicating debt is defined as owed to
other members of an affiliated system.
Thus, to arrive at net debt, each sector except the noncorporate is adjusted to a net basis by certain consolidations
within the sector. A summation of the consolidated estimates for each sector yields the total for net public and
private debt.
The net debt concept for each of the four sectors can be
summarized as follows: Federal Government net debt is that
owed to all other sectors of the economy except the Federal
Government proper and its corporations and agencies;
State and local government net debt is that owed to all
other economic entities except State and local governments;
SUEVEY OF CUEEENT BUSINESS
14
October 1950
Table 5.—Gross and Net Corporate Debt, End of Calendar Year, 1929-49
[Millions of dollars]
AH corporations
Railway corporations
Short-term
l
Short-term
End of year
Total
Longterm !
Total
Notes
and
accounts
payable
Nonrailway corporations
Total
Longterm 1
Other
Total
Notes
and
accounts
payable
l
Short-term 1
Total
Other
Longterm 1
Total
Notes
and
accounts
payable
Other
Gross Corporate Debt
1929
1930
1931
1932
1933
__
__-
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
:
__
1944
1945
1946
1947
1948
_ _
1
1949
107, 043
107, 425
100, 336
96, 110
92, 373
56, 625
61, 086
60, 074
58, 762
57, 161
50,418
46, 339
40, 262
37, 348
35, 212
35, 436
32, 279
28, 754
25, 289
23, 827
14, 982
14, 060
11, 508
12, 059
11, 385
16, 077
16, 350
16, 358
16, 419
16, 457
14, 380
14, 716
14, 782
14, 852
14, 798
1,697
1,634
1,576
1,567
1,659
725
655
706
686
690
90, 613
89, 785
90, 870
90, 216
86, 779
53, 191
51, 954
50, 563
51, 506
52, 846
37, 422
37, 831
40, 407
38, 710
33, 933
25, 809
25, 952
27, 088
25, 573
21, 627
11, 613
11,879
13, 319
13, 137
12, 306
16, 410
16, 397
16, 666
16, 635
16, 777
14, 682
14, 540
14, 589
14, 508
14, 495
1,728
1,857
2,077
2,127
2,282
86, 807
88, 966
97, 543
106, 331
110, 316
52, 113
51, 233
51, 245
50, 156
48, 354
34, 694
37, 733
46, 298
56, 166
61, 962
22, 167
22, 717
26, 156
26, 032
26, 318
12, 527
15, 016
20, 152
30, 134
35, 644
16, 964
17, 170
17, 308
17, 684
18, 131
14, 475
14, 544
14, 388
13, 983
13, 391
108, 986
99, 523
109, 292
124,823
133, 692
47, 018
45, 321
48, 435
54, 988
60, 867
61, 968
54, 202
60, 857
69, 835
72, 825
26, 898
25, 718
31, 667
35, 666
37, 135
35, 070
28, 484
29, 190
34, 169
35, 690
17, 221
15, 411
13, 714
14,173
13, 996
131, 771
65, 163
66, 608
33, 730
32, 878
13, 823
972
979
870
881
969
90, 966
91, 075
83, 978
79, 691
75, 916
42, 245
46, 370
45, 292
43, 910
42, 363
48, 721
44, 705
38, 686
35, 781
33, 553
34, 711
31, 624
28, 048
24, 603
23, 137
14, 010
13, 081
10, 638
11, 178
10, 416
685
692
683
632
629
1,043
1,165
1,394
1,495
1,653
74, 203
73, 388
74, 204
73, 581
70, 002
38, 509
37, 414
35, 874
36, 998
38, 351
35, 694
35, 974
38, 330
36, 583
31, 651
25, 124
25, 260
26, 405
24, 941
20, 998
10, 570
10, 714
11, 925
11, 642
10, 653
2,489
2,626
2,920
3,701
4,740
633
500
529
584
868
1,856
2,126
2,391
3,117
3,872
69, 843
71, 796
80, 235
88, 647
92, 185
37, 638
36, 689
36, 857
36, 182
34, 963
32, 205
35, 107
43, 378
52, 465
57, 222
21, 534
22, 217
25, 627
25, 448
25, 450
10, 671
12, 890
17, 751
27, 017
31, 772
12, 625
11, 874
10, 877
11,169
11,124
4,596
3,537
2,837
3,004
2,872
839
881
799
904
872
3,757
2,656
2,038
2,100
2,000
91, 765
84, 112
95, 578
110,650
119, 696
34, 393
33, 447
37, 558
43, 819
49, 743
57, 372
50, 665
58, 020
66, 831
69, 953
26, 059
24, 837
30, 868
34, 762
36, 263
31, 313
25, 828
27, 152
32, 069
33, 690
11, 348
2,475
775
1,700
117, 948
53, 815
64, 133
32, 955
31, 178
Duplicating Corporate Debt
18, 142
18, 168
16, 838
16, 095
15, 436
9,278
10, 016
9,771
9,571
9,292
8,864
8,152
7,067
6,524
6,144
6,275
5,721
5,083
4,449
4,190
2,589
2,431
1,984
2,075
1,954
1,072
1,025
1,013
1,071
1,108
875
830
821
877
900
197
195
192
194
208
101
92
99
96
97
96
103
93
98
111
17, 070
17, 143
15, 825
15, 024
14, 328
8,403
9,186
8,950
8,694
8,392
8,667
7,957
6,875
6,330
5,936
6,174
5,629
4,984
4,353
4,093
2,493
2,328
1,891
1,977
1,843
15, 109
14, 992
14,807
14,413
13, 488
8, 580
8,392
7,944
7,993
8,004
6,529
6,600
6,863
6,420
5,484
4,538
4,566
4,648
4,283
3,534
1,991
2,034
2,215
2,137
1,950
1,127
1,168
1,222
1,312
1,345
909
932
967
,045
,055
218
236
255
267
290
96
97
96
88
88
122
139
159
179
202
13, 982
13,824
13, 585
13, 101
12, 143
7,671
7,460
6,977
6,948
6,949
6,311
6,364
6,608
6,153
5,194
4,442
4,469
4,552
4,195
3,446
1,869
1,895
2,056
1,958
1,748
13, 262
13, 390
14, 100
14, 682
14, 797
7,747
7,580
7,631
7,498
7,314
5,515
5,810
6,469
7,184
7,483
3,676
3,780
4,346
4,323
4,362
1,839
2,030
2,123
2,861
3,121
1,378
1,443
1,484
1,487
1,558
,062
1,112
,129
1,115
1,147
316
331
355
372
411
88
70
74
81
120
228
261
281
291
291
11,884
11, 947
12, 616
13, 195
13, 239
6,685
6,468
6,502
6,383
6,167
5,199
5,479
6,114
6,812
7,072
3,588
3,710
4,272
4,242
4,242
1,611
1,769
1,842
2,570
2,830
1944
1945
1946
1947
1948
14, 857
14, 231
15, 754
18, 719
20, 132
7,186
6,999
7,092
8,902
9,980
7,671
7,232
8,662
9,817
10, 152
4,459
4,264
5,256
5,920
6,166
3,212
2,968
3,406
3,897
3,986
1,510
1,485
807
1,499
1,496
1,119
1,099
467
1,172
1,205
391
386
340
327
291
116
124
111
126
121
275
262
229
201
170
13, 347
12, 746
14, 947
17, 220
18, 636
6,067
5,900
6,625
7,730
8,775
7,280
6,846
8,322
9,490
9,861
4,343
4,140
5,145
5,794
6,045
2,937
2,706
3,177
3,696
3,816
1949
20, 156
10, 718
9,438
5,601
3,837
1,849
1,225
264
108
156
18, 667
9,493
9,174
5, 493
3,681
1929
1930
1931
1932
1933
_ __
1934
1935:
1936
1937
1938
.
1939
1940
1941
1942 _
1943
_ _ _ _ _ _ _
Net Corporate Debt
88, 901
89,-257
83, 498
80, 015
76, 937
47, 347
51, 070
50, 303
49, 191
47, 869
41, 554
38, 187
33, 195
30, 824
29, 068
29, 161
26, 558
23, 671
20, 840
19, 637
12, 393
11, 629
9,524
9,984
9,431
15, 005
15, 325
15, 345
15, 348
15, 349
13, 505
13, 886
13, 961
13, 975
13, 898
1,500
1,439
1,384
1,373
1,451
624
563
607
590
593
876
876
777
783
858
73, 896
73, 932
68, 153
64, 667
61, 588
33, 842
37, 184
36, 342
35, 216
33, 971
40, 054
36, 748
31, 811
29, 451
27, 617
28, 537
25, 9.95
23, 064
20, 250
19,044
11,517
10, 753
8,747
9,201
8,573
75, 504
74, 793
76, 063
75, 803
73, 291
44, 611
43, 562
42, 519
43, 513
44, 842
30, 893
31, 231
33, 544
22,290
28, 449
21, 271
21, 386
22, 440
21, 290
18, 093
9,622
9,845
11,104
11,000
10, 356
15, 283
15, 229
15, 444
15, 323
15, 432
13, 773
13, 608
13, 622
13, 463
13,440
1,510
1,621
1,822
1,860
1,992
589
595
587
544
541
921
1,026
1,235
1,316
1,451
60, 221
59, 564
60, 619
60, 480
57, 859
30, 838
29, 954
28, 897
30, 050
31,402
29, 383
29, 610
31,722
30, 430
26, 457
20, 682
20, 791
21, 853
20, 746
17, 552
8,701
8,819
9,869
9,684
8,905
73, 545
75, 576
83, 443
91, 649
95, 519
44, 366
43, 653
43, 614
42, 667
41, 040
29, 179
31, 923
39, 829
48, 982
54, 479
18, 491
18, 937
21,810
21, 709
21, 956
10, 688
12, 986
18, 019
27, 273
32, 523
15. 586
15, 727
15,824
16,197
16, 573
13,413
13,432
13, 259
12,868
12,244
2,173
2,295
2,565
3,329
4,329
545
430
455
503
748
1,628
1,865
2,110
2,826
3,581
57, 959
59, 849
67, 619
75, 452
78, 946
30, 953
30, 221
30, 355
29, 799
28, 796
27, 006
29, 628
37, 264
45, 653
50, 150
17, 946
18, 507
21, 355
21,206
21, 208
9,060
11,121
15,909
24, 447
28, 942
1944
1945
1946
1947
1948
94, 129
85, 292
93, 538
106, 104
113, 560
39, 832
38, 322
41, 343
46, 086
50, 887
54, 297
46, 970
52, 195
60, 018
62, 673
22, 439
21, 454
26, 411
29, 746
30, 969
31,858
25, 516
25, 784
30, 272
31, 704
15,711
13, 926
12,907
12, 674
12, 500
11, 506
10, 775
10, 410
9,997
9,919
4,205
3,151
2,497
2,677
2,581
723
757
688
778
751
3,482
2,394
1,809
1,899
1,830
78, 418
71, 366
80, 631
93, 430
101, 060
28, 326
27, 547
30, 933
36, 089
40, 968
50, 092
43, 819
49, 698
57, 341
60, 092
21,716
20, 697
25, 723
28, 968
30, 218
28, 376
23,122
23, 975
28, 373
29, 874
1949
111, 615
54,445
57, 170
28, 129
29, 041
12, 334
10, 123
2,211
667
1,544
99, 281
44, 322
54, 959
27, 462
27, 497
1929
1930__
1931
1932
1933_
1934
1935
1936
1937
1938
_ _
_
_
_
1939
1940_
1941
1942
1943.
_ _
__-
i Long-term debt is defined as having an original maturity of 1 year or more from date of issue; short-term debt as having an original maturity of less than 1 year.
Sources: U. S. Treasury Department, Bureau of Internal Eevenue; Interstate Commerce Commission; U. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURKENT BUSINESS
October 1950
15
Table 6.—Nonfarm Mortgage Debt by Lender Groups, End of Calendar Year, 1929-49
1
[Millions of dollars]
Residential and commercial
End of year
Total
1929
1930
1931___
1932
1933
__
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
._
'._._
_-
_
_.
1949
Corporate 2
Noncorporate
1-4 family residential
Total
Savings
and loan
associations
Life insurance
carriers
Mutual
savings
banks
Multifamily residential and commercial
Commercial H.O.L.C.
banks
Total
Life insurance
carriers
Mutual
savings
banks
Commercial
banks
Individuals and
others
132
7,100
7,200
7,100
6,900
6,700
17, 845
18, 759
18, 370
17, 668
15, 064
3,575
3,794
3,898
3,741
3, 455
3,491
3,557
3,610
3,461
3, 338
(33)
(3 )
(3)
()
(3)
(3)
(33)
(3)
()
2,379
2,897
2,763
2,398
2,169
6,100
6,000
6,000
6,180
6,330
13, 907
13, 058
12, 803
12, 661
12, 660
3,218
2,989
2,916
3,080
3,235
3,152
2,990
2,819
2,755
2,684
(33)
( 3)
()
(3)
(3)
1,865
(3)
(3)
(33)
(3)
()
4,876
1,754
1,930
2,316
2,363
2,316
2,038
1,956
1,777
1,567
1,338
6,440
6,510
6,590
6,350
6,100
12, 706
12, 855
13, 007
12, 688
12, 213
3,292
3,303
3,541
3,563
3,444
2,695
2,685
2,613
2,494
2,383
1,937
1,894
2,033
2,237
2,742
2,293
2,428
3,690
4,982
5,700
1,091
852
636
486
369
6,200
6,400
7,500
8,550
9,410
12, 014
12, 476
14, 405
16, 678
18, 961
3,418
3,602
3,790
4,321
4,911
2,361
2,306
2,399
2,591
3,031
1,943
2,067
2,024
1,893
1,742
1, 673
1,823
2,843
3,641
4,319
4,776
4,800
4,829
4,738
4,644
4,562
4,745
5,373
6,125
6,700
3,190
6,100
231
10, 160
21, 101
5,787
3,478
4,636
7,200
37, 326
38, 374
37, 383
35, 540
31, 807
5,653
5,723
5,652
5,392
4,229
31, 673
32, 651
31, 731
30, 148
27, 578
19, 481
19,615
19,013
17, 872
16, 743
6,507
6,402
5,890
5,148
4,437
1,626
1,732
1,775
1,724
1,599
2,286
2,341
2,436
2,446
2,354
1,962
1,940
1,812
1,654
1,521
30, 865
29, 899
29, 493
29, 488
29, 733
4,049
3,775
3,756
3,772
3,872
26, 816
26, 124
25, 737
25, 716
25, 861
16, 958
16, 841
16, 690
16, 827
17, 073
3,710
3,293
3,237
3,420
3,555
1,379
1,281
1,245
1,246
1,320
2,190
2,089
2,082
2,111
2,119
1,200
1,281
1,363
1,472
1,580
30, 314
31, 255
32, 407
31, 907
30, 994
3,989
4,060
3,971
4, 037
3,829
26, 325
27, 195
28, 436
27, 870
27, 165
17, 608
18, 400
19, 400
19, 219
18, 781
3,758
4,084
4,552
4,556
4,584
1,490
1,758
1,976
2,255
2,410
2,128
2,162
2,189
2,128
2,033
30, 792
31, 684
37, 974
45, 248
52, 412
3,782
3,912
4,586
5,374
6,159
27, 010
27, 772
33, 388
39, 874
46, 253
18, 778
19, 208
23, 569
28, 570
33, 451
4,799
5,376
7,140
8,856
10, 305
2,458
2,258
2,570
3,459
4,925
58, 352
6,855
51, 497
37, 251
11, 600
5,970
1 The data represent mortgage loans on commercial and residential property, and exclude
real estate mortgage bonds. Multifamily and commercial property mortgages owed by
corporations and held by other nonfinancial corporations are also excluded.
2 The corporate mortgage debt total is included in the total corporate long-term debt outstanding, table 5.
Individuals and
others
sNot available.
Sources: Federal Savings and Loan Insurance Corporation; U. S. Department of Commerce, Office of Business Economics.
Table 7.—Individual and Noncorporate Debt, End of Calendar Year, 1929-49
[Millions of dollars]
Farm
End of year
Farm and
nonfarm
total
Nonfarm
Nonfarm mortgage
Farm
Farm nonTotal farm mortgage
* mortgage 2
Total
nonfarm
Total
Other
1-4 family
Multifamily and
commercial
Total
Commercial Financial 3
(nonfarm)
Consumer
72, 551
71, 565
65, 076
57, 738
51, 835
12, 218
11, 779
11,067
10, 102
9,086
9,631
9,398
9,094
8,466
7,685
2,587
2,381
1,973
1,636
1,401
60, 333
59, 786
54, 009
47, 636
42, 749
31, 673
32, 651
31, 731
30, 148
27, 578
18, 507
18, 634
18, 062
16, 978
15,906
13, 166
14,017
13, 669
13, 170
11, 672
28, 660
27, 135
22, 278
17, 488
15, 171
(44)
()
(44)
(4 )
()
(44)
(4)
()
(44)
()
7,628
6,821
5,518
4,085
3,912
50, 795
50, 643
51, 413
52, 103
51, 034
8,898
8,955
8,583
8,598
8,972
7,584
7,423
7,154
6,955
6,779
1,314
1,532
1,429
1,643
2,193
41, 897
41, 688
42, 830
43, 505
42, 062
26, 816
26, 124
25, 737
25, 716
25, 861
16,110
15, 999
15, 856
15, 986
16,219
10, 706
10, 125
9,881
9,730
9,642
15,081
15, 564
17, 093
17, 789
16, 201
(44)
(4)
(4 )
( 4)
()
(44)
(4)
(4 )
()
(4)
4,389
5,434
6,788
7,480
7,047
1939
1940
1941
1942
1943
51, 967
53, 978
56, 508
51, 531
49, 452
8,834
9,104
9,236
8,921
8,204
6,586
6,491
6,372
5,951
5,389
2,248
2,613
2,864
2,970
2,815
43, 133
44, 874
47, 272
42, 610
41,248
26, 325
27, 195
28, 436
27, 870
27, 165
16, 728
17, 480
18, 430
18, 258
17, 842
9,597
9,715
10, 006
9,612
9,323
16, 808
17, 679
18, 836
14, 740
14, 083
3,028
3,494
4,129
3,354
3,168
5,811
5,070
4,845
4,808
5,537
7,969
9,115
9,862
6,578
5,378
1944
1945
1946
1947
1948
51, 535
55, 420
61, 825
72, 652
84, 519
7,737
7,172
7,532
8,428
10, 613
4,933
4,682
4,777
4,882
5,108
2,804
2,490
2,755
3,546
5,505
43, 798
48, 248
54, 293
64, 224
73, 906
27, 010
27, 772
33, 388
39, 874
46, 253
17,839
18, 248
22, 391
27, 142
31, 778
9,171
9,524
10, 997
12, 732
14, 475
16, 788
20, 476
20, 905
24, 350
27, 653
3, 227
3,912
5,122
6,100
6,388
7,758
9,927
5,592
4,577
4,946
5,803
6,637
10, 191
13, 673
16, 319
1949
93, 843
11, 862
5,413
6,449
81, 981
51, 497
35, 388
16, 109
30, 484
5,918
5,787
18, 779
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
-
_
1
2
* Not available.
Includes regular mortgages, purchase-money mortgages, and sales contracts.
Includes agricultural loans to farmers and farmers' cooperatives by institutional lenders;
farmers' financial and consumer debt is included under the "nonfarm" categories.
3 Comprises debt owed to banks for purchasing or carrying securities, customers' debt to
brokers, and debt owed to life insurance companies by policy holders.
Sources: U. S. Department of Agriculture, Bureau of Agricultural Economics; Board of
Governors of the Federal Reserve System; U. S. Department of Commerce, Office of Business
Economics.
corporate net debt is that owed to all other entities (including corporations) except to corporate members of an affiliated system; and private noncorporate net (or gross) debt
is the summation of all forms of legal indebtedness except
that among individuals and unincorporated nonfinancial
business firms. Data showing adjustments for duplication
involved in passing from gross to net debt are given in detail
in tables 3, 4, and 5.
SURVEY OF CUEEENT BUSINESS
16
Trends in Employee Compensation
(Continued from page 8)
October 1950
Chart 7.—Net Spendable Average Weekly Earnings of
Workers With. Three Dependents
More complete data by industrial division is available on
changes in wage rates over the past year, as shown in table
6. For the most part, the higher paying durable-goods
industries scored the largest gains, as in lumber and wood
products and stone, clay and glass products. However,
large advances were made in some nondurable-goods sectors
such as tobacco manufactures, chemicals, and leather and
leather products. In some groups, the increase was not as
large as the advance in consumer prices.
DOLL ARS
\
60
•
0»
..**
• • ••••
50 —
•
••
*•••••* *•
-
.••
..•••** ^~ CURRENT DOLLARS
40
~
Change in weekly earnings
Due to increased hours worked, advances in hourly rates
and shifts to higher paying industries, weekly earnings in
manufacturing rose to a peak of $60 in August 1950, compared to $55 in the same month a year ago, and $56 during
the previous 1948 high. The change in weekly earningsplus allowances for social security and income taxes—in
current and real terms is shown in chart 7. Over the past
year, the net spendable average weekly earnings for a
worker with three dependents rose 8.5 percent, compared
with the 2.5 percent increase in consumer prices—resulting
in an advance in real terms of 6 percent.
The chart also reveals the change in weekly earnings both
in current and real dollars when viewed against the prewar
background. In August 1950, weekly earnings in current
dollars had more than doubled since prewar. The advance
in real terms was substantially less, as shown in the chart,
although earnings exceeded the increase in consumer prices
since prewar.
I lew or
30
df^*^
^*r 1939 DOLLARS
-
20
10
I
0
193940 41
1947
1948
l
1949
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
l
1950^
50-274
1
Data for August 1950 are estimates of the U. S. Department of Commerce, Office of Business Economics.
Source of data: U. S. Department of Labor, Bureau of Labor Statistics.
STATISTICAL SERIES
Revision of Manufacturers' Sales, Orders and Inventories
The estimates of manufacturers' sales, orders and inventories prepared by the Office of
Business Economics are revised annually to take into account new comprehensive information
as it becomes available. The present revision utilizes new benchmark data for 1947. Sales
and inventory aggregates for that year were compiled by the Bureau of Internal Revenue
from corporate tax returns, while corresponding information for unincorporated firms was
derived from individual income tax returns.
Because the most recent noncorporate data available prior to this revision pertained to
1945, the present revision goes back through 1946. Monthly estimates in 1946 and 1947 and
monthly and annual figures since 1947 are based on sales and inventory data reported by a
sample of manufacturing companies. Previously published figures from 1939 to 1945 are
unchanged.
There are no benchmark data on new and unfilled orders. However, these estimates have
also been revised, since under the method of estimation they are affected by any alteration in
the sales figures.
The estimates of retail and wholesale sales and inventories, which usually are revised at
the same time as the manufacturing series, have not been changed this year. The trade estimates will be revised as soon as the final figures of the 1948 Census of Business become available. Thus, the new figures on total business sales and inventories allow for changes only
in the manufacturing segment (see table 1).
Sources of error in the estimates
The need for annual revision of the manufacturing series, as has been explained in earlier
descriptions of the method of estimation, arises from the 1 availability each year of the latest
benchmark data from the Bureau of Internal Revenue. Viewed statistically, the annual
projections from the latest benchmarks are intended as estimates of the benchmarks which will
become available subsequently.
There are three sources of discrepancy between the estimates based on the reporting sample
and the actual compiled figures on sales or inventories (1) the sample may not be completely
representative with respect to changes in sales and inventories; (2) the data reported by a
company in the sample may differ from the corresponding figures reported by the same firm
to the Bureau of Internal Revenue; and (3) information for estimating the effect on sales
and inventories of business births and deaths or of changes in industrial classification may be
unavailable or incomplete.
The divergence between the movements of the sample and of the entire group of firms
which it represents is partly a matter of chance and partly bias. This bias is probably
unavoidable within conceivable limits on the expense of maintaining the sample, since even
the availability within the individual firm of information on monthly changes in sales and
i See the SUEVEY or CURRENT BUSINESS, May 1948, p. 8, and October 1949, p. 12.
inventories is likely to be correlated with the direction of the change, at least part of the
time. For example, in a period when inventories have been growing more rapidly than
sales, the accumulation may tend to be stopped sooner among firms which maintain monthly
inventory records. Again, size of firm is clearly a factor in the firm's willingness to supply
information when available, and changes in sales and inventories are correlated with size
of firm at least part of the time.
It is important to realize, moreover, that even were monthly reports to be submitted
by every manufacturing firm in the country, it would still not be possible to determine from
them the precise annual changes in manufacturers' sales and inventories as compiled by the
Bureau of Internal Revenue. There are many reasons why the sum of 12 months of sales
as currently reported may differ from the year of sales as reported in a tax return, so that the
year-to-year changes derived on the two bases may not be the same. An obvious source of
difference is a fiscal tax year other than the calendar year. Differences in the degree of consolidation, in the inclusion of foreign transactions, and inevitable discrepancies between
an unaudited preliminary figure and a final audited one are further examples, among others
that could be cited.
Finally, business population changes take place from year to year which are difficult or
impossible to measure on a sample basis. Although estimates of the number of entrants to
and withdrawals from the business population are available, as well as some data on their
average sales and inventories, only crude adjustments for the effect of these population changes
are possible. Moreover, changes in a company's industry as classified by the Bureau of
Internal Revenue occur from time to time, and there is no satisfactory way of allowing for
these in projecting the OBE estimates.
Size of the Revision
The utilization of the 1947 tax data indicated that manufacturers' sales for 1947 were estimated too high by 7 percent. This involved a moderate correction to the corporate total,
and a substantial adjustment to the noncorporate.
While inadequacy of the noncorporate sample may well have contributed to the size of the
noncorporate revision, examination of the data makes it clear that population changes were
of greater importance. Between 1945—the year of the preceding compilation of noncorporate
firms—and 1947, an unprecedented number of new manufacturing firms had come into existence, the majority of them unincorporated. Also, a very substantial number of previously
noncorporate concerns had incorporated during this period. The estimated adjustment to
sales for such changes was based on quite skimpy information on tha average size of the companies involved, and this adjustment turned out to be too large.
The revisions in the new orders figures were about as large as in sales, since the computation
of the new orders is directly affected by a change in sales. The inventory revisions were smaller than the sales adjustments, mainly because the noncorporate inventory estimates were
closer than in the case of sales. However, interrelationships among sales, inventories and
orders remain largely unchanged by the revisions.
SURVEY OF CURRENT BUSINESS
October 1950
17
Table 1.—Business Sales and Inventories Seasonally Adjusted
[Billions of dollars]
Business sales
Manufacturing
Business inventories book value 1
Retail trade
Wholesale trade
Manufacturing
Wholesale trade
Retail trade
Years and months
Total
Total
Dura- Nondurable Total
ble
goods goods
Dura- Nondurable Total
ble
goods goods
Dura- Nondu- Total
ble
rable
goods goods
Total
Dura- Nonduble
rable Total
goods goods
Dura- Nondurable Total
ble
goods goods
Dura- Nonduble
rable
goods goods
1939
1940 _..
1941
1942
1943
133 3
150. 2
196. 9
230. S
268. 5
61 2
70.2
98.0
125. 1
153. 9
22.4
28.7
44.3
60.0
79.3
38.8
41.5
53.7
65.1
74. 5
30.1
33. 6
43.4
48.1
51.3
7.2
8.9
12.0
10.3
9.3
22.9
24.7
31.4
37.8
42.0
42.0
46.4
55. 5
57.6
63. 3
10.4
12.4
15.6
10.3
9.9
31.7
34.0
39.9
47.4
53.5
20.2
22.1
28.8
31.1
31.2
11.5
12.8
17.0
19.3
20.1
5.2
6.1
8.4
10.1
10.8
6.3
6.7
8.6
9.2
9.3
3.2
3.3
4.2
39
3! 7
1.0
1.1
1.3
1.0
.9
2.2
2.2
2.9
2.9
2.8
5.5
6.0
7.6
7.9
7.4
1.8
2.1
2.7
2.4
1.9
3.7
3.9
4.9
5.5
5.5
i»44
1945
1946
1947
1948
288.9
290.2
330. 9
403.0
444.0
165. 4
154. 6
151. 4
191.0
213. 7
84.5
72.6
57.1
77.6
88.9
80.9
82.0
94. 3
113.4
124. 8
54.7
59.8
79.2
93.1
100. 3
10.0
10.8
16.6
22.3
25.5
44.7
49.0
62.6
70.7
74.7
68.8
75.8
100.3
118.9
130. 0
10.6
12.3
22.6
32.1
38.0
58.2
63. 5
77.7
86.8
92.0
30.9
30.5
42.4
50.8
56. 8
19.5
18.4
24.5
28.9
32. 3
10.1
8.5
11.6
13.9
15.6
9.4
, 9.8
12.9
15.0
16.7
4.0
4.6
6.7
8.7
9.5
1.0
1.2
2.0
2.7
3.3
3.0
3.4
4.6
6.0
6.2
7.4
7.5
11.2
13.2
15.0
1.8
1.9
3.4
4.7
5.7
5.6
5.6
7.8
8.5
9.2
1949
418.2
200. 0
83. 5
116. 5
90.0
21.2
68.8
128.2
39.9
88.3
51.6
28.9
13.4
15.5
9.0
2.9
6.1
13.7
5.1
8.6
23.8
23.6
24.5
10.6
10.2
10. 9
3.8
3.3
3.8
6.9
6.9
7.1
5.8
5.9
5.9
1.1
1.1
1.1
4.7
4.8
4.7
7.4
7.6
7.7
1.4
1.4
1.5
6.0
6.2
6.2
30. 6
31.5
32.2
18.2
18.8
19.2
8.3
8.7
9.0
9.9
10.1
10.2
4.6
4.7
4.8
1.2
1.2
1.3
3.4
3.5
3.5
7.8
8.0
8.2
2.0
2.0
2.1
5.8
6.0
6.1
_ __
25.9
26.8
26.4
12.0
12.4
12.0
4.4
4.6
4.5
7.6
7.8
7.6
6.1
6.3
6.2
1.2
1.3
1.4
4.9
5.0
4.9
7.9
8.1
8.1
1.7
1.8
1.8
6.2
6.3
6.4
32.9
33.7
34. 5
19.6
20.0
20.4
9.3
9.4
9.8
10.3
10.5
10.6
4.8
5.0
5.0
1.3
1.4
1.5
3.6
3.6
3.6
8.4
8.7
9.1
2.2
2.3
2.5
6. 3
6.4
6.6
Julv
August.... _ _ _ _ _ _
September
28.3
29.7
28.8
13.1
13.7
12.9
5.1
5.4
5.1
7.9
8.3
7.8
6.8
7.0
7.1
1.4
1.5
1.5
5.4
5.5
5.5
8.5
9.0
8.8
1.9
2.1
2.2
6.5
6.9
6.7
36.4
37.8
38.9
21.4
22.1
22.7
10.1
10.4
10.8
11.3
11.6
11.9
5.4
5.8
6.0
1.6
1.6
1.7
3.9
4.1
4.3
9.6
10.0
10.2
2.6
2.8
2.9
7.0
7.1
7.3
October
November
December
29.9
31.3
31.7
13.7
14.9
15. 0
5.6
5.8
5.8
8.2
9.1
9.2
7.3
7.3
7.4
1.6
1.6
1.7
5.7
5.7
5.7
8.9
9.1
9.2
2.2
2.4
2.4
6.6
6.8
6.9
40.7
41. 6
42.4
23.7
24.2
24.5
11.1
11.4
11.6
12.6
12.8
12.9
6.4
6.5
6.7
1.8
1.9
2.0
4.6
4.6
4.6
10.6
10.9
11.2
3.1
3.2
3.4
7.5
7.6
7.8
31.7
32. 0
32. 3
32. 7
33. 2
33 1
14.9
15.0
15.3
15.6
15. 9
15 7
6.0
6.0
6.1
6.4
6.5
6.3
8.9
9.0
9.2
9.2
9.4
9.4
7.6
7.6
7.5
7.4
7.5
7.5
1.7
1.8
1.8
1.8
1.9
1.8
5.9
5.8
5.7
5.6
5.6
5.7
9.2
9.4
9.5
9.7
9.8
9.8
2.4
2.5
2.5
2.6
2.5
2.6
6.8
6.9
7.0
7.1
7.2
7.2
43.8
44.8
45.9
46.9
47.2
47.8
25.3
25.8
26.3
26.9
27.4
27.7
12.1
12.3
12. 6
12.9
13.1
13.4
13.2
13.4
13.7
14.1
14.2
14.3
7.0
7.2
7.7
7.8
7.9
8.1
2.1
2.2
2.3
2.4
2.5
2.5
4.9
5.1
5.4
5.4
5.4
5.5
11.5
11.8
11.9
12.1
11.9
12.1
3.7
3.9
4.1
4.2
4.2
4.2
7.8
7.9
7.9
7.9
7.7
7.9
July
August
September
October
November
December
. _ 33.6
__ _ 33.0
34.7
35.7
34.9
35.9
16. 0
15.7
16. 5
17. 0
16. 4
17.1
6.4
6.3
6.7
7.0
7.7
7.4
8.0
8.4
8.0
8.2
1.8
1.8
1.9
2.0
2.0
2.0
5.9
5.6
6.1
6.4
6.1
6.2
9.9
9.9
10.3
10.3
10.5
10.6
2.6
2.6
2.9
2.9
2.9
3.0
7.3
7.2
7.4
7.4
7.6
7.6
48.1
48.6
49.0
49.5
50.0
50. 8
27.8
28.1
28.2
28.4
28.8
28.9
13.5
13.7
13.7
13.9
13.9
13. 9
14.3
14.4
14.5
14.5
14.9
15.0
8.2
8.5
8.6
8.6
8.6
8.7
2.6
2.6
2.7
2.6
2.6
2.7
5.6
5.9
6.0
>. 0
5.0
U)
12.1
12.0
12.2
12.5
12.6
13. 2
4.2
4.2
4.3
4.4
4.5
4.7
7.9
7^1
9.6
9.4
9.8
10. 0
9.7
10.0
1948: January
February.
March
April
June.
36.0
36.1
36. 9
36.8
36.3
37.7
17.1
17. 3
17. 6
17.4
17.4
18.2
6.8
7.1
7.3
7.1
7.1
7.5
10.3
10. 3
10.3
10. 3
10.3
10.7
8.4
8.1
8.4
8.4
8.2
8.7
2.0
2.0
2.1
2.1
2.1
2.2
6.4
6.2
6.3
6. 3
6.1
6. 5
10.6
10.6
10.8
11. 0
10. 6
10.9
3.0
3.0
3.2
3.2
2.9
3.1
7.6
7.6
7.6
7.7
7.7
7.7
51.4
51.9
52.4
52.7
53.1
54.0
29.0
29.2
29.5
29.8
30.2
30.7
13.9
14.0
14.1
14.2
14.3
14.5
15.1
15.2
15.4
15.6
15.8
16.2
8.7
8.7
8.7
8.8
8.8
8.9
2.7
2.7
2.8
2.9
2.9
3.0
>. 0
>. 0
5.9
5.9
5.9
6.0
13. 7
14.0
14.3
14.2
14.1
14.3
4.8
5.0
5.3
5.1
5.1
5.2
8.8
9.0
9.0
9.0
9.0
9.1
July
August
September
October
November
December
37.4
38.1
38.2
36.8
37.0
37.0
17.9
18.5
18.7
17.8
18.0
17.8
7.3
7.9
7.9
7.5
7.8
7.8
10.6
10.9
10.9
10.2
10.2
10.0
8.6
8.5
8.5
8.1
8.2
8.2
2.2
2.3
2.3
2.1
2.1
2.0
6.5
6.3
6.2
6. 0
6.1
6.1
10. 9
11.0
11.0
10.9
10.8
11.0
3.2
3.4
3.3
3.2
3.2
3.3
7.7
7.7
7.7
7.7
7.6
7.7
54.6
55.2
56.2
56.5
56.8
56.8
31.0
31.3
31.7
31.8
32.1
32.3
14.7
14.8
14.9
15.0
15.3
15.6
16.3
16.5
16.8
16.8
16.7
16.7
9.2
9.4
9.6
9.7
9.7
9.5
3.0
3.1
3.2
3.2
3.3
3.3
6.1
6.4
6.4
6.5
6.4
6.2
14.4
14.5
14.9
14.9
15.0
15.0
5.3
5.3
5.3
5.6
5.6
5.7
9.1
9.2
9.5
9.4
9.4
9.2
June
35.1
35.4
36.0
34.8
34.8
35.2
16.8
17.0
17.4
16.6
16.5
16.8
7.1
7.3
7.4
7.0
6.9
7.2
9.7
9.7
10.0
9.6
9.6
9.7
7.7
7.7
7.9
7.4
7.5
7.7
1.7
1.8
1.9
1.7
1.8
1.8
6.0
5.9
6.0
5.7
5.7
5.9
10.6
10.7
10.7
10.8
10.8
10.7
3.0
3.2
3.3
3.3
3.3
3.3
7.6
7.5
7.4
7.5
7.4
7.3
56.8
56. 6
56.4
56.0
55.0
54.4
32.6
32. 6
32.4
32.2
31.7
31.2
15.9
16.0
15.9
15.7
15.4
15.0
16.8
16. 7
16.6
16.4
16.3
16.2
9.5
9.5
9.3
9.3
9.2
9.0
3.4
3.4
3.4
3.4
3.3
3.2
6.1
6.1
5.9
5.9
5.9
5.8
14.7
14.5
14.7
14.5
14.1
14.2
5.7
5.7
5.8
5.7
5.4
5.4
8.9
8.8
8.9
8.8
8.8
8.8
July__
August
September _
October.
November
December
33.7
35.9
36.0
33. 6
34.4
33.5
16.0
17.7
17.6
15.8
16.2
15.8
6.7
7.4
7.3
6.2
6.6
6.5
9.4
10.3
10.3
9.6
9.6
9.2
7.2
7.5
7.5
7.1
7.6
7.3
1.6
1.8
1.9
1.7
1.8
1.7
5.5
5.7
5.6
5.4
5.8
5.6
10.5
10.7
10.9
10.7
10.6
10.5
3.3
3.5
3.5
3.6
3.3
3.1
7.2
7.2
7.4
7.1
7.3
7.4
53.4
52.7
52.9
52.5
52.1
51.6
30.4
29.7
29.3
28.9
28.7
28.9
14.6
14.1
13.7
13.4
13.2
13.4
15.8
15.6
15.6
15.6
15.5
15.5
9.1
9.1
9.2
9.1
9.1
9.0
3.1
3.0
3.0
2.9
2.9
2.9
6.0
6.0
6.2
6.2
6.2
6.1
13.9
13.9
14.4
14.5
14.3
13.7
5.3
5.3
5.6
5.7
5.5
5.1
8.6
8.6
8.8
8.8
8.8
8.6
1946: January
February
March
April
May
June
1947: January
February
March
April
_ __
_ _.
May
June
May
1949: January .,
February.
March, _
April .
Mav
_ __
_ _
i As of end of period.
908924°—50
Figures do not necessarily add to totals because of rounding.
3
Source: U. S. Department of Commerce, Office of Business Economics.
7! 8
8.0
8.2
8.5
SUEVEY OF CUEEENT BUSINESS
18
October 1950
Table 2.—Manufacturers' Sales
[Millions of dollars, not adjusted for seasonal variation]
Durable-goods industries
Automobiles and
equipment
Transportation equipment excluding automobiles
Lumber and basic lumber products
Furniture and finished
lumber products
22, 454
28, 736
44, 307
59, 985
79, 329
6,079
7,678
11,921
14, 563
16, 772
1,726
2,120
3,065
3,411
4,595
1,861 3,571
2,483 4,697
3,769 7,390
4,550 10, 370
5,734 12, 286
3,578
4,697
6, 530
7,956
13, 422
865
1,576
3,914
10, 233
16, 054
1,154
1,379
1,955
2,399
2,624
1,385
1,569
2,026
2,300
2,506
672 38, 886
1,563
1,767
770 41, 577
2,391 1,346 53, 762
2,428 1,775 65, 173
2,499 2,837 74, 514
1944
1945
1946
1947
1948
165, 387 84, 481 17, 795
154, 481 72, 504 16,812
151, 402 57, 108 14, 202
191, 010 77, 618 19, 172
213, 732 88, 900 22, 390
4,755
4,463
4,705
5,633
6,106
7,104
6,302
5,658
8,299
9,002
15, 096
11, 446
6,624
11, 478
13, 894
16, 015
11, 173
3,011
3,042
3,900
2,452
2,322
3, 344
4,790
5,374
2,698
2,692
3,382
4,017
4,316
2,456
2,509
3,176
3,927
4,519
1949
199, 993 83, 518 20, 194 5,010 8,523 14, 027 15, 238 3,791 4,917 3,753 4,534 3,530 116, 475 32, 831 5,714 11, 142 10, 068 3,142 5,511 6,941 13, 793 3,070 18, 231 3,181 2,851
1946:
12,907
11, 640
9,824
13, 697
15, 540
3,203
3,145
3,183
3,564
3,859
Apparel and related
products
Leather and products
Paper and allied products
Printing and publishing industries
Chemicals and allied
products
Rubber products
Petroleum and
products
§
"o
E-<
Textile mill products
ao
Beverages
0
CO
Food and k i n d r e d
products
a
2
0
1!
°.a
Other durable
1
am
c3 -i-5
11, 253
11, 776
15, 047
19, 792
21,295
1,842
1,987
2,441
2,940
3,597
4,020
4,368
6,281
7,945
8,450
3,202
3,427
4,602
5,753
6,470
1,318
1,371
1,890
2,296
2,423
1,785
2,064
2,836
2,965
3,389
2, 512
2,679
2,906
3,054
3,543
4,339
4,858
6,546
7,271
8,809
1,072
1,154
1,686
1,899
2,926
5, 266
5,520
6,622
7,446
8,454
80, 906 22, 545
81, 977 22, 309
94, 294 26, 028
113, 391 33, 090
124, 832 34, 670
4,181 8,279
4,801 8,399
5,163 10, 762
5,244 11, 975
5,633 13, 301
6,882
7,305
9,457
9,954
11, 089
2,481
2,579
3,146
3,533
3,385
3,629
3,725
4,467
5,763
6,066
3,950
4,365
5,450
6,442
6,876
10, 053
10, 126
10, 985
13, 698
14, 763
3,362
3,410
3,143
3,410
3,400
9,789
9,946
10, 300
14, 686
19, 687
Other nondurable
Electrical machinery
equipment
61, 340
70, 313
98, 069
125, 158
153, 843
!|
!*
T3
Tobacco manufactures
Nonferrous metals and
products
1939
1940
1941
1942
1943
T?
1
'El
coal
EH
Year and month
ia
Machinery, excluding
electrical
Total manufacturing
Nondurable-goods industries
1,334
943
1,430
943
1,593 1,312
1,828 1,984
2,135 3,023
2,195
2,297
2, 665
2,872
3,117
3, 560
2,715
2,726
2,725
2,844
January
February
March
10, 465 3,679 939
600
9,820 3,142
11, 308 4,003 1,040
313
257
302
307
314
366
715
641
702
324
272
357
237
201
240
210
209
261
239
241
276
186
196
242
209
210
217
6,786 1,838
6,678 1,861
7,305 1,952
418
401
376
742
714
840
637
668
811
244
240
257
337
316
351
360
362
414
870
821
902
227
206
240
775
732
759
190
179
195
146
179
208
April
May
June
11, 930 4,454 1,176
11, 948 4,494 1,093
11, 796 4,481 1,115
325
342
359
395
415
468
789
804
803
469
498
470
262
276
240
272
294
282
268
270
253
261
256
251
238
248
241
7,476 1,940
7,453 1,849
7,315 1,799
371
369
403
866
913
893
820
789
816
258
248
238
360
375
362
462
438
436
926
916
846
259
265
259
782
830
826
217
238
208
216
225
229
July
August
September ___
11, 990 4,679 1,200
13, 625 5,346 1,406
13, 246 5,210 1,325
365
444
431
450
530
535
795
849
826
597
673
680
244
254
255
264
291
283
253
306
303
266
302
290
245
292
282
7,311 2,020
8,279 2,507
8,036 2,182
454
439
475
764
878
941
650
771
825
206
266
270
341
386
364
438
456
493
843
915
870
248
269
264
882
918
872
240
235
239
224
238
240
OctoberNovember
December _
14, 865 5,937 1,509
15, 124 5,718 1,412
15, 286 5,965 1,388
507
531
529
952
605
930
597
675 1,016
764
752
766
262
246
294
334
309
336
336
314
323
324
308
296
344
317
342
8,928 2,344
9,406 2,882
9,321 2,851
496 1,134
471 1,056
490 1,021
929
931
812
246
349
324
427
424
426
989
544
544 1,024
503 1,062
945
317
946
278
1,034
310
267
223
233
290
277
255
14. 759 5,904 1,481
14. 494 5,795 1,396
15. 880 6,390 1,567
440
438
492
613 1,050
624 1,070
687 1,163
824
839
914
231
215
252
363
352
383
337
319
330
297
274
316
268
268
288
8,855 2,585
8,699 2,561
9,490 2,816
411 1,041
984
378
405 1,036
698
818
898
300
269
300
458
449
469
464 1,120
460 1,095
529 1,174
270 1,060
269 1,002
297 1,107
224
215
229
223
200
230
April
May..
June
15. 609 6,576 1,600
15. 407 6,384 1,567
15. 407 6,348 1,554
504
480
457
676 1,163
663 1,156
692 1,168
959
904
928
268
265
283
410
422
362
335
319
280
366
325
336
296
285
288
9,034 2,546
9,023 2,570
9,058 2,683
390
392
424
985
904
939
787
808
749
288
272
244
482
494
474
532 1,178
520 1, 120
518 1,093
286 1,096
277 1,185
277 1,192
222
246
251
242
235
213
July
August
September
14. 706 5,863 1,450
15. 619 6,200 1,605
16. 798 6,777 1,700
393
424
472
930
606 1,034
880
652 1,086
715 1,147 1,034
224
218
265
345
394
429
291
336
361
319
328
348
270 8,843 2,659
276 9,419 2,786
306 10, 021 2,984
809
446
938
441
1,034
460
711
892
906
285
304
316
431
479
503
487 1,040
537 1,078
604 1,178
267 1,246
277 1,242
297 1,255
253
242
260
209
204
223
October
November
December
18. 336 7,484 1.846
16. 612 6,624 1,637
17. 382 7,273 1,768
528
504
501
803 1,271 1,142
739 1,114
993
828 1,277 1,131
284
257
280
460
424
445
392
340
377
387
301
330
370 10, 852 3,150
313 9.988 2,960
336 10, 109 2,788
556 1,145
475 1,035
463 1,125
994
886
808
355
292
310
547
482
496
622 1,287
590 1,152
580 1,183
325 1,348
293 1,356
274 1,597
252
227
252
271
240
233
16. 932 6,690 1,701
16. 738 6,783 1,650
18. 360 7,719 1,893
457
454
510
682 1,168 1,002
713 1,252 1,031
806 1,404 1,180
255
270
330
438
414
466
394
400
399
302
287
368
290 10, 242 2,967
312 9,956 2,794
363 10, 642 2,758
880
402 1,112
908
392 1,162
442 1,263 1,037
330
322
334
513
493
538
484 1,229
502 1,164
586 1,261
254 1,630
239 1,538
267 1,646
23?
224
256
209
218
253
April
May
June
17. 445 7,280 1,741
16. 849 6,978 1,715
17. 842 7,516 1,836
498
489
510
762 1,299 1,109
692 1,270 1,041
737 1,386 1,142
359
337
379
445
430
457
357
329
344
388
369
398
323 10, 165 2,676
306 9,871 2,681
328 10, 327 2,896
474 1,146
432 1,089
465 1,151
934
818
837
265
235
237
514
497
505
547 1,275
552 1,223
564 1,243
281 1,567
274 1,595
307 1,622
247
246
271
238
231
230
July
August
September
16. 480 6,646 1,651
18. 431 7,494 1,959
19. 089 7,971 2,069
415
504
570
659 1,139 1,111
690 1,277 1,174
785 1,355 1, 234
272
303
333
431
490
496
294
364
380
388
413
412
286 9,833 2,855
320 10, 937 3,027
336 11,119 3,138
801
896
498
526 1.101 1,100
540 1,142 1,101
245
319
307
451
524
514
516 1,135
578 1,262
658 1,287
303 1,647
314 1,674
298 1,606
271
293
270
216
218
256
October
November__
Dp.cfvmber
19.116 8,053 2, 092
18. 208 7,715 1,989
18. 241 8,055 2,094
560
576
562
802 1,307 1,333
815 1,246 1,244
860 1,437 1,292
311
343
408
484
437
385
386
353
317
432
392
372
347 11, 063 3,139
322 10, 492 2,917
327 10, 186 2,821
510 1,139
498 1,076
455 1,026
986
956
731
294
250
247
531
507
479
645 1,297
623 1,208
619 1,178
310 1,678
274 1,648
278 1,839
259
282
266
274
256
246
16. 565 6,961 1,884
16. 392 6,966 1,829
18. 076 7,779 2,020
485
468
491
687 1,182 1,146
688 1,224 1,174
783 1,401 1,283
294
321
359
373
346
417
295
304
341
337
324
384
278 9,605 2,783
288 9,427 2,703
300 10, 296 2.786
382
384
493
794
907
921
919
983 1,073
260
269
291
462
444
479
523 1,188
537 1,118
627 1,206
244 1,600
228 1,466
258 1,590
245
232
266
217
206
244
16. 577 7,186 1,752
15. 968 6,750 1,643
16. 486 7,150 1,711
399
353
395
716 1,278 1,350
684 1,232 1,191
690 1,238 1,384
338
309
340
412
410
418
301
290
290
380
376
393
259
261
291
469
519
555
842
773
854
831
727
660
254
220
227
445
428
429
580 1,154
549 1,134
568 1,130
253 1,490
250 1,470
274 1,451
246
281
278
246
238
233
July
August.,
September
14. 842 6,144 1,462
17. 630 7,288 1,766
17. 960 7,451 1,848
288
418
441
558
998 1,351
673 1,104 1,520
757 1,140 1,431
310
316
268
341
426
457
230
339
355
354
424
414
251 8,698 2, 547
303 10, 342 2,910
340 10, 510 2,982
656
516
716
956 1,018
530
502 1,074 1,020
231
332
300
372
468
503
998
490
568 1,196
640 1,219
251 1,452
282 1,536
263 1,480
267
298
275
205
249
250
October
November
December
17. 019 6,595 1,203
16. 394 6,534 1, 369
16. 083 6, 715 1,707
410
432
430
773 1,086 1,295
758 1,041 1,105
755 1,101 1,008
275
314
345
451
451
416
358
343
306
409
395
345
335 10, 424 2.973
324 9,860 2,745
301 9,36)9 2,514
476 1,090
460 1,049
428
978
924
771
674
275
250
234
518
503
460
630 1,224
597 1,162
634 1,064
277 1,514
240 1,544
250 1,639
264
274
255
261
266
236
1947: January
February
March
1948: January
February
March
1949: January
February
March
April
May__
June
_
Figures do not necessarily add to totals because of rounding.
9,391 2,582
9,219 2,629
9,336 2,676
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
October 1950
Table 3.—Manufacturers' Inventories
19
1
[Millions of dollars: Not adjusted for seasonal variation]
11, 516 5,172
6,127
17,024 8, 352
- _ _ - 19, 348 10, 127
20, 171 10, 844
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
19, 578
18, 457
24, 620
29, 032
32, 373
_
10, 145
8,545
11,548
13, 804
15, 462
1, 543
1, 741
1, 956
2,197
2,167
389
412 1,038
525
263
509 1,234
621
421
524
824 1,750
923 1,073
492
512 1,027 2,144 1,199 1,727
625 1,106 2,028 1,428 2,191
2,057
573
2,117
625
847
2,455
2,830
900
3,354 1,008
1,069
854
1,495
1,787
1,847
2,026
1,854
2, 578
3,201
3,620
1,405 1, 751
1,106
751
1,449
830
1,782 1,006
2,033 1,003
262
256
279
232
219
282
311
369
349
337
294
320
379
344
339
164
190
307
396
404
6,344
6,746
8,672
9,221
9,327
230
213
381
512
663
329
348
513
628
638
324
312
410
518
622
381
365
591
640
674
9,433
9, 912
13,072
15, 228
16, 911
1,266
1,292
1,739
1,832
1,969
383
408
647
689
668
284
289
368
366
329
303
341
410
430
388
817
201
209
875
259 1,231
265 1,269
278 1,390
1,223
663
1,321
727
1,796 1,018
1,964 1,265
2,212 1, 410
337
370
468
533
529
384
434
541
708
811
283
304
427
535
587
916
303
996
335
401 1,233
449 1.332
499 1,204
1,899
546
1,874
603
798
2,633
918
3,027
3,138 1,040
910
225
265
963
306 1,146
362 1,117
365 1,051
Other nondurable
Tobacco manufactures
coal
Petroleum and
products
Rubber products
Chemicals and allied
products
f£
Printing and publishing industries
1
OQ
^a
3
&
Paper and allied products
'o a
^ W
J
S£
Leather and products
ll
_a
Beverages
li
13
Apparel and related
products
£
1
'HJO
Textile mill products
T3
Other durable
Furniture and finished
lumber products
0
Nondurable-goods industries
Lumber and basic lumber products
!a
o
Transportation equipment excluding automobiles
o
Automobiles and
equipment
&
Machinery, excluding
electrical
T3
Electrical machinery
and equipment
Total manufacturing
Year and month
1
a
Nonferrous metals and
products
Durable-goods industries
£
576
597
686
800
859
160
176
246
310
327
1,397
361 1,123
932
1,415 . 350 1,138 1,157
1,826
450 1,452 1,262
2,209
543 1,718 1,362
2, 292
612 2,277 1,518
285
219
402
445
485
1949
28, 989 13,316 2,972
930 1,494 3,126 1,739
739
564
591
548
613 15, 674 3,057 1,000 1,957 1,156
526
688
530 2,082
514 2,194 1,546
424
1946* January
February
March
18, 705 8,622 2,117
19, 032 8,744 2,113
19, 395 9,081 2,170
635
642
689
890 1,891 1,098
940 1,932 1,134
996 2,016 1,170
728
706
706
222
212
227
348
361
378
314
317
324
376 10, 083 1,794
387 10, 288 1,776
405 10, 314 1,677
636 1,368
644 1,424
638 1,473
783
823
826
366
366
366
440
459
477
317 1,429
332 1, 454
343 1,477
361 1,141 1,216
376 1,160 1,229
390 1,184 1,208
231
245
254
19, 610 9,302 2,170
19, 942 9,514 2,191
20, 247 9,794 2,249
706 1,067 2,073 1,238
724 1,128 2,125 1,242
739 1,173 2,166 1,276
699
714
747
238
246
260
374
392
404
311
312
311
425 10,308 1,588
439 10, 428 1,576
468 10, 453 1,602
644 1,525
643 1,549
635 1, 551
850
919
869
375
380
380
469
464
478
353 1,486
372 1,485
374 1,505
407 1,189 1,165
402 1,213 1,156
396 1,250 1,134
258
272
280
July
August
September
21, 285 10, 143 2,310
22, 010 10, 429 2,322
22, 551 10, 765 2,363
786 1,219 2,219 1,332
814 1,274 2,291 1,361
822 1,333 2,407 1,393
746
760
758
289
317
341
433
449
459
322
327
360
488 11, 143 1,950
514 11, 581 2,179
529 11, 785 2,222
691 1,624
733 1,670
740 1,690
910
882
875
421
397
379
505
531
544
384 1,547
398 1, 569
395 1,607
401 1,282 1,139
411 1,332 1,167
423 1,390 1,189
288
313
331
October
November
December
23, 635 11,072 2,408
24, 190 11,315 2,406
24, 620 11, 548 2,455
844 1,388 2,498 1,409
860 1,454 2,574 1,401
847 1,495 2,578 1,449
811
823
830
345
363
381
477
492
513
356
384
410
537 12, 563 2,610
558 12, 875 2,747
591 13,072 2,633
774 1,739
973
778 1,771
953
798 1,796 1,018
403
433
468
546
539
541
399 1,656
406 1,710
427 1,826
439 1,426 1,238
445 1,453 1,263
450 1,452 1,262
358
375
402
1947: January..
February
March
25, 524 12, 033 2,517
25, 976 12,322 2,546
26, 490 12, 677 2,592
931 1,571 2,706
934 1,615 2,755
956 1,692 2,818
,507
,572
,633
865
914
936
390
393
404
530
538
554
426
450
467
588 13, 491 2,661
606 13,653 2,607
625 13, 814 2,539
827 1,866 1,077
841 1,896 1,109
865 1,945 1,116
456
466
462
554
574
592
436 1,923
444 1,973
462 2,028
493 1,464 1,307
518 1,457 1,316
543 1,487 1,310
428
453
465
April
May
June
26, 907 12, 923 2,647
27, 318 13, 247 2,706
27, 494 13, 419 2,749
956 1,752 2,888
965 1,807 2,959
956 1,833 2,997
,647
973
,709 1,016
,745 1,010
407
418
437
559
555
563
462
471
476
633 13, 984 2,482
640 14,072 2,464
654 14, 075 2,402
879 1,996 1,156
908 1,949 1,169
907 1,892 1,226
472
484
500
598
608
632
485 2,075
508 2,123
534 2,111
577 1,512 1,287
595 1,543 1,252
590 1,574 1,246
465
468
461
July
August
September
27, 764 13,566 2,794
28, 059 13, 670 2,811
27. 967 13, 675 2,809
962 1,851 3,040
960 1,837 3,080
955 1,828 3.106
,768
998
,805 1,024
,817 1,021
457
462
476
566
562
554
479
478
467
654 14, 197 2,634
652 14, 389 2,815
642 14, 292 2,800
870 1,868 1,174
860 1,804 1,206
898 1,754 1,183
500
488
470
660
686
695
526 2,107
534 2,108
527 2,077
570 1,605 1,228
548 1,648 1,234
522 1,670 1,256
457
457
441
October
November
December _
28, 222 13, 800 2,818
28, 676 13, 804 2,828
29, 032 13, 804 2,830
951 1,830 3,168
924 1,819 3,193
900 1,787 3,201
,813 1,043
,813 1,015
,782 1,006
467
476
512
580
588
628
485
503
518
645 14, 422 2,899
645 14, 872 3,027
640 15, 228 3,027
900 1,744 1,169
921 1,867 1,205
918 1,964 1,265
462
510
533
696
697
708
519 2,062
514 2,124
535 2,209
522 1,697 1,308
512 1,713 1,334
543 1, 718 1,362
444
448
445
29, 260 13, 910 2,822
29, 426 14,040 2,848
29, 683 14, 199 2,859
903 1,795 3,286 1,842 1,006
915 1,807 3,334 1,884
997
926 1,834 3,380 1,899 1,010
495
511
528
606
594
610
511
500
501
644 15, 350 3,032
650 15, 386 2,856
654 15, 484 2,704
939 1,957 1,314
956 2,008 1,361
984 2,070 1,432
532
545
527
713
732
756
538 2,208
559 2,217
563 2,255
572 1,725 1,382
599 1,761 1,363
621 1,783 1,354
438
430
434
April.
May
June
29, 766 14, 273 2,876
30, 154 14, 456 2,977
30, 540 14, 573 3,053
930 1,832 3,401 1,888 1,022
944 1,846 3,440 1,907 1,006
944 1,856 3,439 1,910
989
532
538
582
618
619
626
503
501
495
670 15, 492 2,573
992 2,110 1,513
678 15, 698 2,537 1,029 2,133 1,629
679 15, 967 2,638 1,015 2,134 1,730
510
527
541
755
763
781
594 2,219
600 2,225
604 2, 204
618 1,823 1,348
624 1,889 1,309
623 1,949 1,306
438
432
442
July
August
September
30, 993 14, 693 3,132
968 1,859 3,459 1,888
984 1,854 3,451 1,884
31, 200 14, 748 3,156
31, 477 14, 906 3,192 1,003 1,867 3,498 1,916
997
965
971
605
641
637
624
625
616
492
522
538
669 16, 300 2,886
665 16, 452 3,034
669 16, 571 3,086
965 2,152 1,784
965 2,151 1,705
995 2,124 1,629
544
536
507
807
812
824
604 2,181
608 2,149
606 2,131
612 2,013 1,296
607 2,072 1,345
611 2,130 1,452
454
468
473
October
November
December _
31, 654 14, 989 3,232 1,010 1,860 3,526 1,882
968
994 1,857 3,597 1,929
984
31, 954 15, 214 3,310
32, 373 15, 462 3,354 1,008 1,847 3,620 2,033 1,003
669
672
663
611
608
638
558
582
622
672 16, 665 3,054 1,019 2,138 1,549
680 16, 740 3.141 1,035 2,162 1,425
674 16, 911 3,138 1,040 2,212 1,410
505
521
529
822
815
811
592 2,163
579 2,206
587 2,292
604 2,198 1,546
613 2,256 1,510
612 2,277 1,518
475
477
485
1949: January
February.
March
32, 886 15, 835 3,394 1,021 1,894 3,706 2,148
32, 873 16, 000 3,424 1,034 1,909 3,733 2,206
32, 622 15, 967 3,428 1,058 1,926 3,729 2,211
981
975
9Z2
708
708
662
660
668
664
628
641
607
695 17,051 3,033 1,065 2,272 1,463
703 16, 873 2,851 1,072 2,284 1,425
708 16, 655 2,726 1,087 2,304 1,364
544
532
511
811
810
825
588 2,303
594 2,295
587 2,265
625 2,287 1,562
636 2,329 1,550
641 2,343 1,516
499
495
486
April
May
June
32, 051 15, 785 3,422 1,074 1,898 3,677 2,125
31, 606 15, 526 3,447 1,057 1,837 3,614 2,059
30, 993 15,069 3,369 1,045 1,779 3,518 1,993
952
936
911
679
658
584
650
636
627
598
586
576
710 16, 267 2,579 1,080 2,247 1,298
695 16, 080 2,485 1,076 2,180 1, 332
668 15, 924 2,519 1,052 2,048 1,403
504
531
536
801
789
774
578 2,232
592 2,180
593 2,130
641 2,339 1,489
642 2,356 1,439
621 2,354 1,416
478
479
477
July
August
September
30, 368 14, 631 3,312 1,036 1,706 3,407 1,919
29, 659 14, 124 3,187 1,006 1,632 3,310 1,834
29, 117 13, 691 3,066
980 1,544 3,235 1,783
880
834
824
568
553
531
606
599
580
559
540
530
638 15, 738 2,630 1,044 1,995 1,376
630 15, 535 2,761 1,035 1,906 1,270
619 15, 426 2,871 1,036 1,846 1,200
518
500
485
744
725
692
578 2,097
562 2,055
540 2,023
589 2,347 1,356
554 2,304 1,415
520 2,281 1,498
465
448
433
October
November
December
28, 803 13, 324 2,931
28, 606 13, 101 2,881
28, 989 13, 316 2,972
965 1,497 3,186 1,670
952 1,477 3,150 1,586
930 1,494 3,126 1,739
813
784
739
561
565
564
567
571
591
517
516
548
618 15, 479 2,965 1,030 1,863 1,176
619 15, 506 3,020 1,009 1,906 1,148
613 15, 674 3,057 1,000 1,957 1,156
482
515
526
682
674
688
523 2,006
528 2,016
530 2,082
498 2,282 1,544
506 2,247 1,517
514 2,194 1,546
427
418
424
April
May
June
__
_-
_ - -
1948* January
February
March
iBook value as of end of period. Figures do not necessarily add to totals because of rounding. Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
20
October 1950
Table 4.—Manufacturers' Sales, 1946-49
[Millions of dollars: Seasonally adjusted]
Other nondurable
coal
Tobacco manufactures
s
Petroleum and
products
c3
0?
Rubber products
1
* t>
Chemicals and allied
products
£H
o
ft
Printing and publishing industries
1
m
'3
Leather and products
^
'o
^
Apparel and related
products
j£ O
Textile mill products
S3
C3 0
Beverages
and
kindred
products
b£
Food
1
Other durable
o
CH
Furniture and finished
lumber products
1
*C3
Nondurable-goods industries
Lumber and basic lumber products
"3
Transportation equipment excluding automobiles
3
A u t o m o b i l e s and
equipment
"8
<S
Machinery, excluding
electrical
Year and month
Electrical machinery
and equipment
3
Nonferrous metals and
products
6JD
£
Iron, steel and products
Durable-goods industries
947
634
990
318
268
284
320
322
342
756
669
672
333
281
338
246
216
217
196
210
244
215
226
257
204
234
242
221 6, 853 1, 874
221 6,908 1,939
207 7,078 1, 955
459
430
385
704
692
769
684
648
718
217
231
236
339
328
332
412
424
426
836
833
862
235
221
235
734
753
737
205
206
206
155
202
216
April
May
June. -__
11, 958 4, 353 1,163
12,396 4, 584 1,104
12, 050 4,481 1,112
318
349
371
386
437
475
776
798
768
457
527
478
248
273
219
260
288
296
267
291
285
239
258
242
238 7. 604 2. 086
258 7,813 2, 048
235 7, 568 1,916
395
388
416
857
973
910
799
824
844
269
284
290
345
361
356
470
456
457
888
933
866
256
256
246
801
831
838
225
228
198
214
232
231
July
August
September
13,079 5,144 1,310
13, 700 5, 418 1, 376
12, 933 5, 133 1,288
440
465
428
514
562
537
858
866
818
614
686
668
272
275
257
293
292
281
301
306
297
270
288
279
274 7, 935 2,107
303 8.282 2,467
281 7, 800 1,996
451
447
434
942
928
938
796
756
796
240
254
257
368
386
376
502
460
451
926
941
882
262
275
273
885
923
919
232
223
236
225
222
241
October
November
December
13, 733 5, 552 1. 408
14. 890 5, 794 1,450
15,016 5, 772 1, 385
469
491
498
564
580
604
919
971
951
704
769
755
267
259
272
318
326
357
308
318
326
288
317
308
305 8,181 2,095
314 9,097 2,754
317 9,244 2,821
432 1,035
424 1,039
501 1,007
832
871
895
233
332
315
418
423
438
442
938
472 1,028
474 1,061
292
286
303
953
974
959
252
221
227
258
273
244
1947: January
February
March _.
14, 940 6, 030 1,494
15, 027 6. 049 1,480
15, 267 6, 056 1,492
446
455
463
639 1,110
640 1,116
641 1,113
849
866
864
240
230
228
339
353
358
304
299
307
327
327
315
284 8,909 2,623
282 8,978 2, 658
275 9,211 2,822
451
407
415
984
950
948
752
797
796
267
259
274
461
466
444
531 1,079
539 1,110
544 1,121
279 1.004
288 1.031
291 1.075
241
246
243
237
226
239
April
May
June
15, 582 6, 422 1,584
15, 910 6, 518 1, 585
15, 708 6, 351 1, 552
490
488
472
661 1,143
698 1,146
703 1,118
934
956
946
251
262
259
392
414
380
334
344
315
335
328
324
297 9. 160 2, 696
297 9, 393 2,775
281 9. 357 2, 834
416
412
438
975
963
958
765
846
779
300
311
295
462
475
467
541 1,130
542 1, 137
543 1, 117
282 1,124
268 1.186
262 1,210
230
236
239
240
242
215
15, 985 6, 423 1,584
15, 693 6, 279 1,570
_. 16, 465 6, 678 1, 652
474
444
471
691 1,115
954
692 1,108
897
717 1,136 1,016
249
238
267
383
395
426
346
336
353
324
313
335
302 9. 562 2,770
287 9,414 2, 724
304 9,788 2, 786
998
443
449
992
421 1, 030
869
878
872
331
292
301
466
479
520
557 1,143
542 1,108
553 1,195
282 1,250
283 1,249
307 1, 323
244
229
256
210
191
225
16, 998 7, 004 1,723
16, 417 6,722 1,681
17, 052 7, 055 1,764
488
466
473
749 1,228 1, 053
718 1, 162 1, 015
741 1,194 1, 116
291
270
258
439
447
474
359
344
381
345
309
342
328 9,994 2,841
310 9,695 2,832
311 9,998 2,769
485 1, 044
427 1, 019
474 1, 111)
889
828
890
336
281
301
535
480
510
505 1,220
512 1, 156
546 1.181
300 1. 359
302 1, 396
268 1, 480
239
224
24.5
241
237
223
17, 109 6, 827 1,716
17 343 7,074 1,750
. 17, 611 7, 313 1,802
464
472
480
711 1,236 1, 033
731 1,307 1, 064
752 1. 344 1, 116
264
289
298
409
414
436
354
375
372
331
342
368
307 10, 282 3, 017
329 10, 269 2,903
346 10, 298 2,759
441 1, 052
421 1,122
453 1,155
944
887
919
295
310
302
517
512
510
553 1,185
589 1,179
603 1,204
262 1,544
256 1,584
261 1, 596
250
257
272
222
247
264
April
May
June
17, 443 7, 102 1,722
17, 409 7, 123 1. 735
18, 190 7,518 1,834
485
498
528
744 1,277 1,080
728 1,259 1, 102
748 1,328 1, 163
332
332
348
426
422
479
356
355
386
356
372
384
324 10, 340 2,872
319 10, 285 2,917
320 10, 671 3,072
505 1, 135
455 1, 160
479 1, 174
907
857
877
276
269
285
492
478
497
557 1,222
576 1,239
592 1,269
277 1, 604
265 1, 596
291 1, 645
256
236
258
236
238
232
July
August
September
17, 857 7,259 1,801
18, 510 7, 586 1,916
18, 723 7, 851 2,010
499
529
569
753 1,223 1, 140
731 1,303 1, 196
787 1, 343 1, 213
301
330
335
479
491
493
350
364
372
394
394
396
320 10, 598 2,978
332 10, 924 2,946
334 10, 872 2, 923
494 1,104
965
535 1,161 1,088
494 1, 136 1,062
282
303
293
487
524
531
590 1,246
583 1,297
602 1,307
321 1,653
321 1,684
308 1, 694
261
278
266
216
204
258
October. _ .
November
December-
17, 770 7,537 1,952
18, 037 7,834 2,041
17, 844 7,802 2,089
520
532
529
748 1, 265 1,229
791 1,300 1,271
770 1,343 1,274
318
359
461
460
410
353
357
320
385
402
386
307 10. 232 2,844
319 10. 204 2,790
304 10. 041 2,799
444 1, 039
448 1, 060
466 1, 010
883
893
805
279
246
240
520
505
493
524 1, 233
540 1,213
584 1,176
286 1, 692
282 1.696
272 1,703
245
279
259
244
252
235
16, 786 7,120 1,898
17, 032 7,290 1,943
17, 359 7,372 1,922
490
486
462
716 1,251 1,181
705 1,278 1,212
730 1,340 1, 213
305
345
326
348
346
390
266
285
318
370
387
384
294 9, 666 2,834
303 9,742 2,805
286 9. 987 2,789
418
413
505
862
890
900
848
898
950
233
259
262
465
461
453
598 1,146
629 1, 134
645 1,152
252 1,516
244 1,510
253 1.542
263
266
283
230
233
254
16, 609 7,029 1,745
16, 536 6,901 1, 664
16, 831 7, 154 1,709
389
360
408
700 1,256 1, 315
720 1,222 1,261
701 1,188 1,412
320
307
309
394
402
438
300
312
326
349
379
379
260 9.580 2, 778
272 9, 635 2,886
285 9,677 2,865
499
546
573
834
824
872
807
762
688
265
252
274
427
412
422
590 1.105
572 1,154
596 1,155
249 1,527
241 1,471
260 1,473
255
270
264
243
245
236
. 16, 044 6,671 1,596
17, 720 7,387 1,730
17, 621 7,335 1,796
347
438
440
637 1,072 1,386
713 1,126 1,548
759 1,130 1,406
341
347
267
378
427
454
274
339
348
359
404
397
281 9, 373 2,680
315 10, 333 2,842
338 10, 286 2, 790
512
882
792
539 1,009 1,009
459 1,069
985
265
314
285
402
468
520
561 1,096
573 1,229
585 1,237
265 1,457
288 1,544
272 1,561
257
283
271
206
233
252
15, 798 6,167 1,123
16, 221 6, 631 1,405
15, 756 6,516 1,704
380
399
406
721 1,051 1,195
736 1,087 1,130
994
676 1,028
279
324
319
429
475
443
328
348
309
364
406
358
296 9, 631 2,685
321 9, 590 2,624
279 9,240 2,496
994
415
413 1,033
965
439
261
244
228
507
502
474
512 1,163
517 1,167
597 1,063
255 1,528
247 1,589
245 1,518
250
272
248
232
262
226
1946: January
February...
March
July
August
September
October
November
December.
1948: January
February
March.
.
1949: January
February
March
April
May
June
___
July. _ ...
August
September
October
Novfvmbpr
December
10, 611 3, 758
10, 189 3, 281
10, 871 3, 793
Figures do not necessarily add to totals because of rounding.
830
721
743
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
October 1950
21
Table 5.—Manufacturers' Inventories, 1946-49 1
[Millions of dollars:
Seasonally adjusted]
18. 208 8,339 1.824
18, 848 8,740 2, 135
19, 234 9, 036 2,198
Other nondurable
coal
Tobacco manufactures
PH
Petroleum and
products
r
I
Rubber products
§
PM
Chemicals and allied
products
e«
TJ
ft
1
H
Printing and publishing industries
'3
o
Leather and products
m
§
i!
«s.
Apparel and related
products
oT
3
M
Textile mill products
>>i3
-22
0
a
1
Beverages
flS
*o
Other durable
Furniture and finished
lumber products
Lumber and basic lumber products
Transportation equipment excluding automobiles
Automobiles and
equipment
Machinery, excluding
electrical
Nondurable-goods industries
900 1,883 1, 100
947 1,918 1,117
989 1,998 1,142
741
710
705
225
217
231
344
359
372
302
305
318
383 9,869 1,694
388 10, 108 1,760
401 10, 198 1,737
613 1, 350
634 1,390
638 1,411
787
816
825
359
354
365
446
461
476
332 1,403
343 1,425
347 1,434
362 1,141 1, 150
369 1,160 1, 152
380 1,184 1,148
231
244
252
19, 608 9.282 2,201
_ _ _ 19, 959 9,441 2,190
20, 375 9,768 2,248
705 1,055 2,059 1,227
720 1,108 2,109 1,222
747 1,158 2,166 1,256
690
698
744
247
256
268
370
392
401
311
315
318
418 10, 326 1,744
430 10, 518 1, 775
463 10, 607 1,807
642 1, 454
648 1,501
646 1,554
838
873
783
379
376
376
477
472
482
356 1,454
365 1,457
364 1,494
393 1,189 1,141
385 1,213 1,177
383 1,250 1,179
258
274
289
July
August
September
21, 364 10, 109 2,280
22, 077 10, 434 2,306
22, 708 10, 786 2,352
778 1,210 2,229 1,322
802 1, 275 2,316 1,361
812 1,338 2, 426 1,391
749
763
769
287
307
328
434
451
468
334
339
370
486 11, 255 2,009
515 11, 644 2,079
534 11, 922 2,079
709 1,650
740 1,738
758 1,786
858
885
918
407
400
403
507
520
535
365 1,558
377 1, 604
384 1,664
399 1,282 1,215
418 1,332 1,234
438 1,390 1,232
297
315
333
October
November
December
23, 745 11,117 2,398
_ 24, 235 11. 408 2,405
24, 498 11, 633 2, 445
836 1, 399 2,504 1,444
870 1,466 2,575 1,467
880 1,523 2,604 1,477
807
825
834
336
354
372
485
501
506
364
383
392
544 12, 628 2, 452
561 12, 828 2,514
600 12, 865 2,412
772 1,822 1,027
768 1,811 1, 032
786 1,798 1,071
426
434
453
536
535
541
401 1,722
424 1,760
445 1,807
455 1,426 1, 235
464 1,453 1, 267
464 1, 452 1,247
354
366
389
25, 269 12. 061 2, 530
25, 757 12,311 2,569
26, 295 12, 595 2, 617
932 1,589 2,695 - 1, 509
936 1,628 2,734 1,548
946 1,678 2,792 1, 594
878
918
933
395
402
412
524
536
547
411
432
457
599 13, 207 2, 506
607 13, 446 2,592
620 13, 700 2,639
798 1,843 1,087
828 1,851 1,106
866 1,865 1,121
448
451
461
560
576
591
456 1,887
458 1,933
467 1,968
495 1,464 1, 235
509 1, 457 1, 234
528 1,487 1, 245
428
451
461
26. 948 12. 877 2, 676
27. 386 13, 137 2,704
27, 665 13, 386 2,748
954 1,733 2,868 1, 631
954
959 1, 775 2,937 1,682
990
965 1,810 2,996 1,717 1,008
422
436
449
554
554
559
462
475
488
621 14, 072 2, 739
626 14, 249 2,782
647 14, 279 2,697
877 1,905 1,150
915 1,888 1,120
923 1,887 1,107
477
480
495
609
620
638
489 2,030
498 2,083
520 2,095
558 1,512 1.260
571 1,543 1, 275
572 1,574 1, 296
465
473
470
27, 813 13, 532 2,759
28, 132 13, 690 2,794
_ _ 28, 212 13, 709 2,798
953 1,836 3,054 1,755 1,006
947 1,839 3,113 1,805 1,034
944 1,835 3,130 1,816 1,040
454
446
457
567
564
564
497
495
479
651 14, 282 2,697
653 14, 442 2,726
648 14, 503 2,719
893 1,881 1,092
867 1,859 1,193
920 1,838 1,222
483
492
501
662
672
684
499 2,121
506 2,154
513 2,150
567 1,605 1,310
558 1,648 1, 306
540 1,670 1, 302
471
460
444
October
November
December
28, 380 13, 862 2,808
28, 775 13, 923 2, 826
28, 920 13, 898 2,819
943 1,844 3,176 1,858 1, 038
935 1,834 3,195 1,898 1,020
934 1,819 3,233 1,817 1,009
455
464
501
590
600
621
497
502
496
653 14, 518 2,760
649 14, 852 2,783
650 15, 022 2,771
898 1,823 1,218
909 1,917 1,298
905 1,971 1,353
490
511
517
682
691
707
521 2,143
536 2,185
558 2,186
541 1,697 1, 306
533 1,713 1, 338
561 1,718 1, 346
438
437
431
1948: January..
February
March. .
28, 993 13, 938 2,835
29, 184 14, 020 2,871
29, 490 14, 102 2,884
904 1,815 3,272 1,844 1,020
918 1,821 3,309 1,855 1,000
917 1,819 3,348 1,854 1,003
501
523
539
599
591
601
493
480
490
656 15, 055 2,849
652 15, 164 2,824
648 15, 388 2,820
906 1,938 1,344
942 1,965 1,367
985 1,988 1,451
523
527
525
722
736
756
563 2,167
576 2,172
570 2,189
574 1,725 1,306
588 1,761 1,277
604 1,783 1,287
438
428
429
_ _ _ _
29, 809 14, 218 2,906
30, 182 14, 340 2,974
30, 692 14, 541 3,052
929 1,812 3,377 1,870
938 1,814 3,414 1,876
953 1,832 3,438 1,879
997
976
988
552
561
598
613
618
622
502
505
508
659 15, 591 2,838
989 2,015 1,515
664 15, 842 2,844 1,037 2,066 1,564
672 16, 150 2,965 1,034 2,124 1,564
516
522
535
769
777
788
599 2,172
588 2,185
588 2,187
597 1,823 1, 320
599 1,889 1, 333
603 1,949 1,357
438
437
456
July
August
September _ . _
31, 006 14, 657 3,093
31, 279 14, 768 3,136
31, 728 14, 939 3, 179
959 1,844 3,476 1,875 1, 008
970 1,856 3,488 1,885
977
990 1,875 3,526 1,914
990
600
620
612
625
628
627
511
541
552
991 2,160 1,660
666 16, 349 2,960
974 2,211 1,677
666 16, 511 2,957
674 16, 789 2,977 1,020 2,226 1,676
526
540
540
811
795
811
573 2,195
577 2,196
590 2,206
609 2,013 1, 383
617 2,072 1, 423
633 2, 130 1,505
468
472
477
October. . _ _ _
November
December. _ __
31, 834 15, 049 3, 220 1,002 1,875 3,535 1,929
963
32, 068 15, 334 3, 308 1,006 1,872 3,599 2,020
990
32, 276 15, 560 3, 339 1,046 1,880 3,657 2,073 1,006
652
655
648
621
620
631
571
580
596
681 16, 784 2,899 1,016 2,236 1,613
684 16, 734 2,878 1,022 2,221 1,536
684 16, 715 2,875 1,024 2,225 1,511
534
524
513
807
809
810
595 2,247
603 2,268
612 2,266
626 2,198 1, 543
638 2,256 1, 515
633 2,277 1,500
409
466
469
32, 635 15, 864 3,410 1,022 1,915 3,690 2,150
32, 646 15, 978 3,452 1, 037 1,924 3,704 2,174
32, 445 15, 860 3, 456 1,048 1,911 3,695 2,159
995
978
966
717
724
675
653
665
655
605
616
594
707 16, 771 2,876 1,027 2,248 1,499
705 16, 668 2,857 1,056 2,233 1,433
702 16, 585 2,886 1,088 2,210 1,386
535
515
509
821
814
824
616 2,260
612 2,249
594 2,198
627 2,287 1,477
625 2,329 1, 453
624 2,343 1,442
499
493
481
April
Mav
June
32, 164 15, 738 3, 457 1,073 1,878 3,651 2,106
31, 733 15, 416 3,443 1,052 1,804 3,586 2,026
31, 218 15, 039 3, 368 1, 055 1,756 3,517 1,961
931
912
910
704
686
600
644
634
622
597
591
590
697 16, 425 2,907 1,077 2,144 1,308
681 16, 317 2,860 1,084 2,112 1,285
660 16, 179 2,872 1,071 2,044 1,269
510
527
531
816
804
781
584 2,186
581 2,143
578 2,115
620 2,339 1, 458
616 2, 356 1, 465
601 2,354 1, 472
478
484
491
July
August
September
30, 408 14, 592 3,271 1,027 1,693 3,423 ,905
992 1,634 3, 346 1, 833
29, 743 14, 139 3, 166
29, 320 13, 716 3, 051
968 1,550 3,261 1,781
888
842
838
564
534
510
607
602
591
580
560
544
635 15,816 2,692 1,072 2,010 1,275
631 15, 604 2,686 1.045 1,967 1,242
624 15, 604 2,750 1,062 1,939 1,228
500
504
516
747
710
681
548 2,111
533 2, 100
525 2, 093
586 2,347 1,448
563 2,304 1,497
538 2,281 1, 553
479
452
436
October
November
December. .
28, 923 13, 373 2.916
28, 656 13, 195 2, 874
28, 865 13, 400 2,958
809
787
742
546
550
552
576
582
584
529
515
524
626 15, 550 2,799 1,027 1,950 1,223
622 15. 461 2,761
996 1, 953 1,236
622 15, 466 2,803
986 1, 965 1,241
511
517
509
669
669
687
525 2,084
551 2,074
553 2,059
517 2,282 1,541
526 2,247 1,522
531 2,194 1,527
422
408
410
1946: January
February
March
April
May
Tune
1947: January
February
March
April
May
_
June
_ _ _
July
August . _
September. _ _
April
May
June^ .
1949: January
February
March.
636
644
682
Electrical machinery
and equipment
5o
Nonferrous metals and
products
Year and month
Iron, steel and products
Total manufacturing
Durable-goods industries
956 1,509 3,194 ,711
963 1,489 3, 152 , 661
965 1,521 3,157 1,774
i Book value as of end of period. Figures do not necessarily add to totals because of rounding.
Source: U. D. Department of Commerce, OH ice of Business Economics.
SUEVEY OF CUEEENT BUSINESS
22
October 1950
Table 6.—Manufacturers' New and Unfilled Orders, 1946-49
[Millions of dollars: Not adjusted for seasonal variation]
New orders
Unfilled orders 1
Durable-goods industries
Total
manufacturing
Year and month
Total
Iron
and
steel
Durable-goods industries
NondurTotal
ablegoods manufacturindusing
tries —
total
TransNonfer- Electrical Other portation
Other
machindurmarous
equip-2
ables 3
ery
metals
chinery ment
Total
Iron
and
steel
TransOther
Nonfer- Electrical Other portation
durmamachinrous
equip-2
ables 3
chinery ment
ery
metals
Nondurablegoods
industriestotal
12, 523
10, 965
13, 059
5,492
4,195
5,611
1,253
1,078
1,721
492
356
409
430
424
470
957
872
974
573
199
434
1,787
1,265
1,603
7,030
6,770
7,448
22, 985
24, 130
25, 875
19, 490
20, 542
22, 150
5,570
6,049
6,729
824
924
1,031
2, 075
2,185
2,288
4,514
4,744
5,016
2,827
2,825
3,020
3,678
3,816
4,066
3,496
3,588
3,724
13, 603
13, 859
13, 003
5,777
6,301
5,592
1,511
1,728
1,176
422
433
434
582
581
678
1,048
1,258
1,172
416
374
385
1,797
1,927
1,748
7,826
7,558
7,411
27, 548
29, 459
30, 666
23, 474
25, 280
26, 392
7,064
7,699
7,760
1,128
1,220
1,294
2,476
2,642
2,851
5,275
5,729
6,098
3,174
3,272
3,417
4,356
4,719
4,971
4,075
4,179
4,275
July
August
September
13, 121
13, 953
13, 933
5,885
5,880
5,826
,471
,135
.342
437
531
455
649
676
670
1,083
1,153
1,076
447
415
368
1,798
1,972
1,914
7,236
8,072
8,107
31, 797
32, 125
32, 812
27, 597
28, 131
28, 747
8,032
7,761
7,778
1,367
1,453
1, 477
3,050
3,196
3,330
6,385
6,689
6,939
3,620
3,780
3,894
5,144
5,252
5,328
4,200
3,994
4,065
October
November
December
_ _ 15, 675
15, 323
_ _ 15, 307
6,111
5,369
6,266
,406
,367
,586
496
482
449
709
631
744
1,245
1,016
1,016
216
183
373
2,039
1,689
2,100
9,564
9,953
.9, 040
33, 622
33, 821
33, 842
28, 921
28, 572
28, 873
7,675
7,630
7,827
1,466
1,418
1,338
3,435
3,469
3,537
7,232
7,318
7,317
3,848
3,786
3,864
5,265
4,953
4,991
4,701
5,249
4,968
164,323
68,306
16, 772
53, 970
7,243
12, 869
4,384
21, 640
96, 017
14, 860
14, 420
15, 948
5, 769
5,816
6,218
1,410
1,444
1,569
456
390
412
641
595
670
1,064
1,097
1,139
287
249
301
1,910
2,041
2,127
9,092
8,603
9,731
33, 943
33, 869
33, 937
28, 738
28, 759
28, 587
7, 756
7,804
7,806
1,354
1,306
1,226
3,566
3,536
3,518
7,331
7,358
7,334
3,921
3,955
4,004
4,811
4,800
4,697
5,205
5,109
5,350
14, 811
14, 333
15, 182
5,760
5,602
5,971
1,365
1,173
1,495
420
420
253
564
548
609
1,068
1,016
1,026
273
231
291
2,069
2,214
2,297
9,051
8,731
9,211
33, 139
32, 065
31, 840
27, 771
26, 989
26, 611
7,572
7,178
7,119
1,142
1,083
879
3,406
3,291
3,208
7,239
7,100
6,958
4,010
3,976
3,984
4,402
4,361
4,464
5,368
5,076
5,229
_- 14, 362
14, 994
16, 908
5,619
5,700
6,715
1,207
1,408
1,532
332
420
530
605
593
603
984
988
1,087
187
100
274
2,304
2,190
2,689
8,743
9,295
10, 193
31, 495
30, 871
30, 981
26, 367
25, 866
25, 804
6,876
6,680
6,512
817
813
870
3,207
3,148
3, 036
6,907
6,810
6,749
3,947
3,828
3,838
4,612
4,588
4,800
5,129
5,004
5,176
17, 874
16, 712
17, 059
7,004
6,594
7,132
1,631
1,698
1,891
496
472
496
703
663
762
1,199
1,067
1,171
279
428
340
2,696
2,265
2,472
10, 870
10, 118
9,926
30, 518
30, 619
30, 296
25, 324
25, 294
25, 153
6,297
6,358
6,481
839
807
802
2,935
2,859
2,793
6,678
6,631
6,525
3,832
4,004
4,064
4,743
4,636
4,489
5,195
5,325
5,142
187,464
73,898
17,825
5,098
7,554
12,905
3,241
16, 898
16, 426
18, 278
6,758
6,646
7,609
1,840
1,697
2,082
508
407
482
665
591
819
1,098
1,164
1,326
186
402
278
2,463
2,385
2,623
10, 140
9,780
10, 669
30, 261
29, 949
29, 866
25, 221
25, 085
24, 975
6,619
6,666
6,855
852
805
777
2,776
2,653
2,666
6,454
6,366
6,288
3,995
4,126
4,075
4,526
4,468
4,315
5,040
4,864
4,891
April
May
June _ _
16, 911
15, 871
18, 526
6,976
6,350
8,137
1,666
1,487
1,878
504
459
453
714
631
730
1,243
1,102
1,318
346
276
884
2,503
2,395
2,872
9,935
9,521
10, 389
29, 332
28, 354
29, 038
24, 671
24, 042
24, 664
6,780
6,552
6,594
782
752
695
2,618
2,557
2,550
6,232
6,064
5,997
4,062
4,001
4,507
4,196
4,116
4,320
4,662
4,312
4,375
July.
August
September
17, 062
18, 407
18, 640
7,408
7,662
7,659
1,797
1,964
1,922
479
588
509
816
717
769
1,159
1,181
1,203
346
489
265
2,811
2,724
2,991
9,654
10, 745
10, 981
29, 621
29, 596
29, 147
25, 425
25, 593
25, 281
6,741
6,745
6,598
759
843
781
2,707
2,734
2,718
6,017
5,921
5.768
4,580
4,766
4,697
4,622
4,584
4,718
4,195
4,004
3,866
October. .
NnveTnhfir
December.
18, 441
17, 655
16, 935
7,634
7,171
7,107
2,074
1,974
1,882
531
500
476
737
808
744
1,119
1,007
1,070
228
315
338
2,944
2,565
2,597
10, 807
10, 484
9,828
28, 472
27, 920
26, 614
24, 861
24, 317
23, 369
6,580
6,566
6,354
752
676
590
2,653
2,648
2,532
5,580
5,341
4,974
4,614
4,587
4,516
4,681
4,500
4,403
3,611
3,603
3,244
210,050
87, 117
22,263
5,895
8,742
13, 990
4,352
15, 966
15,490
17,037
6,370
6,336
6,840
1,798
1,719
1,701
498
428
464
687
598
747
969
1,024
1,185
4 -41
282
204
2,459
2,286
2,539
9,596
9,153
10, 197
26, 015
25, 112
24, 073
22, 778
22, 149
21, 210
6,268
6,158
5,839
602
563
536
2,533
2,443
2,407
4,761
4,560
4,344
4,181
4,142
3,986
4,433
4,284
4,098
3,236
2,963
2,863
_. _ .. 14, 935
14,396
15, 189
5,725
5, 356
5,981
1,324
1,259
1,443
355
290
311
600
573
669
965
962
900
25
232
112
2,458
2,039
2,547
9,211
9,040
9,208
22, 431
20, 859
19, 563
19, 749
18, 355
17, 186
5,410
5,026
4,758
492
430
346
2,291
2,179
2,158
4,030
3,760
3,422
3,673
3,596
3, 368
3,852
3,363
3,135
2,683
2,504
2,377
14, 484
17, 532
18, 172
5,622
6,831
7,099
1,213
1,663
1,396
314
442
449
534
656
768
806
960
990
156
161
318
2,600
2,948
3,178
8,862
10, 701
11,074
19, 205
19, 106
19,318
16, 664
16,207
15, 855
4, 509
4,406
3,954
371
395
403
2,134
2,117
2,129
3,229
3,086
2,936
3,214
3,058
3,108
3,208
3,144
3,326
2,540
2,899
3,463
October
November
December-
17, 151
_ _ 16, 868
16, 009
6,892
6,941
6,923
1,708
1,687
1,855
442
418
392
803
694
706
962
979
1,018
194
551
167
2,782
2,613
2,784
10, 259
9,927
9,086
19, 450
19, 924
19, 850
16, 152
16, 559
16, 767
4,460
4,778
4,925
435
420
382
2,158
2,094
2,046
2,812
2,750
2,666
3,027
3,264
3,086
3,260
3,254
3,661
3,298
3, 365
3,083
Year
193, 229
76, 916
18,765
4,802
8,036
11,720
2,361
1946: January
February
March
_
April
May
June
_
Year
1947: January
February
March
April
May
June
July
.
August
September
...
._
__
October __
November
December.
Year
_
1948: January
February
March
Year
1949: January
February
March
April.
May
June
July
August
September
...
.
•2 As of end of period.
Except motor vehicles and equipment.
3 Includes motor vehicles and equipment; lumber, furniture; stone, clay and glass; and
miscellaneous.
1
27,274 113,566
31,875 122, 934
31, 231 116,313
4
Net cancellation.
Figures do not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUKEENT BUSINESS
October 1950
23
Table 7.—Manufacturers' Inventories by Stage of Fabrication, 1946—49
1
[Billions of dollars: Not adjusted for seasonal variation]
Durable-goods industries
Total manufacturing
Year and month
Purchased
materials
Total
1946: January __
February
March __
_.
April
May
June
__
_ ..
.
Julv
August- _ ._
September
_-
October
November
Dficfitnbfir
1947: January
February
March
_ ___
April
May
June
July
August
September
October
November
December
_
__
1948: Januarv
February
March
__
April
May.
June
July
August
September
October. .
November
December
...
...
...
1949: January __
February
March
April. _-.
May
June
.
July
August
September
__.
October
November,
~T)f»nfvmbp,r
Goods in
process
Finished
goods
Total
Purchased
materials
Goods in
process
Nondurable- goods industries
Finished
goods
Total
Purchased
materials
Goods in
process
Finished
goods
18.7
19.0
19.4
8.2
8.3
8.6
4.9
5.0
5.1
5.6
5.8
5.7
8.6
8.7
9.1
3.0
3.0
3.1
3.5
3.5
3.7
2.2
2.3
2.3
10.1
10.3
10.3
5.2
5.3
5.4
1.4
1.4
1.4
3.4
3.5
3.4
19.6
19.9
20.2
8.7
8.7
8.9
5.2
5.6
5.7
5.7
5.7
5.6
9.3
9.5
9.8
3.2
3.3
3.3
3.7
3.9
4.1
2.3
2.3
2.4
10.3
10.4
10.5
5.5
5.5
5.5
1.5
1.6
1.6
3.3
3.3
3.3
21.3
22.0
22.6
9.4
9.8
9.9
5.9
5.9
6.1
6.0
6.4
6.6
10.1
10.4
10.8
3.5
3.7
3.8
4.2
4.3
4.4
2.4
2.5
2.5
11.1
11.6
11.8
5.9
6.1
6.0
1.7
1.6
1.7
3.6
3.9
4.1
23.6
24.2
24.6
10.4
10.7
11.2
6.2
6.2
6.2
7.1
7.3
7.2
11.1
11.3
11.5
4.0
4.1
4.2
4.5
4.6
4.6
2.6
2.6
2.7
12.6
12.9
13.1
6.4
6.6
7.0
1.7
1.6
1.6
4.5
4.7
4.5
25.5
26.0
26.5
11.3
11.4
11.6
6.5
6.7
6.9
7.7
7.8
8.0
12.0
12.3
12.7
4.3
4.4
4.5
4.8
4.9
5.1
3.0
3.0
3.2
13.5
13.7
13.8
7.1
7.1
7.2
1.7
1.8
1.9
4.7
4.8
4.8
26.9
27.3
27.5
11.7
11.7
11.8
7.0
7.1
7.1
8.2
8.5
8.6
12.9
13.2
13.4
4.5
4.6
4.7
5.1
5.2
5.2
3.3
3.4
3.5
14.0
14.1
14.1
7.2
7.1
7.1
1.9
1.9
1.9
4.9
5.0
5.1
27.8
28.1
28.0
11.8
11.8
11.7
7.1
7.3
7.3
8.9
9.0
9.0
13.6
13.7
13.7
4.8
4.8
4.7
5.2
5.3
5.4
3.6
3.5
3.6
14.2
14.4
14.3
7.0
7.0
7.0
1.9
1.9
1.9
5.3
5.5
5.4
28.2
28.7
29.0
11.8
12.2
12.6
7.3
7.3
7.2
9.1
9.2
9.3
13.8
13.8
13.8
4.7
4.7
4.8
5.4
5.4
5.3
3.7
3.7
3.7
14.4
14.9
15.2
7.1
7.5
7.8
1.9
1.9
1.9
5.4
5.5
5.6
29.3
29.4
29.7
12.4
12.4
12.5
7.2
7.3
7.4
9.6
9.7
9.8
13.9
14.0
14.2
4.7
4.8
4.8
5.3
5.3
5.4
3.9
3.9
4.0
15.3
15.4
15.5
7.6
7.6
7.8
1.9
2.0
2.0
5.8
5.8
5.8
29.8
30.2
30.5
12.4
12.4
12.6
7.4
7.5
7.4
10.0
10.3
10. S
14.3
14.5
14.6
4.7
4.7
5.0
5.4
5.5
5.4
4.1
4.2
4.2
15.5
15.7
16.0
7.7
7.7
7.7
2.0
2.0
2.0
5.8
6.0
6.3
31.0
31.2
31.5
12.8
12.8
12.9
7.5
7.7
7.7
10.6
10.7
10.9
14.7
14.7
14.9
5.1
5.0
5.2
5.5
5.6
5.5
4.1
4.1
4.2
16.3
16.5
16.6
7.8
7.8
7.7
2.0
2.1
2.1
6.5
6.5
6.7
31.7
32.0
32.4
13.0
13.0
13.2
7.7
7.7
7.6
11.0
11.2
11.6
15.0
15.2
15.5
5.2
5.2
5.3
5.6
5.6
5.6
4.2
4.4
4.5
16.7
16.7
16.9
7.8
7.8
7.9
2.1
2.1
2.0
6.7
6.9
7.1
32.9
32.9
32.6
13.2
13.1
12.7
7.7
7.7
7.7
11.9
12.1
12.2
15.8
16.0
16.0
5.5
5.5
5.3
5.6
5.7
5.7
4.7
4.9
5.0
17.1
16.9
16.7
7.8
7.6
7.4
2.1
2.1
2.0
7.2
7.2
7.2
32.1
31.6
31.0
12.3
11.9
11.5
7.5
7.5
7.2
12.2
12.2
12.3
15.8
15.5
15.1
5.1
4.9
4.7
5.6
5.5
5.3
5.1
5.1
5.1
16.3
16.1
15.9
7.2
7.0
6.8
2.0
2.0
1.9
7.1
7.1
7.2
30.4
29.7
29.1
11.3
11.2
11.1
7.2
6.9
6.7
11.9
11.6
11.3
14.6
14.1
13.7
4.6
4.6
4.5
5.2
4.9
4.8
4.9
4.6
4.4
15.7
15.5
15.4
6.7
6.6
6.6
2.0
2.0
1.9
7.0
7.0
6.9
28.8
28.6
29.0
11.0
11.0
11.3
6.5
6.4
6.4
11.2
11.2
11.3
13.3
13.1
13.3
4.3
4.2
4.4
4.7
4.6
4.6
4.3
4.3
4.4
15.5
15.5
15.7
6.7
6.8
6.9
1.9
1.8
1.8
6.9
6.9
7.0
1
Book value as of end of month. The classification by stage of fabrication is from the
point of view of the individual manufacturer; the finished product of one company may be
the purchased material of another.
Figures do not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
Production Workers in Manufacturing, Nondurable-Goods Industries: Revised Series for Page S-ll
[Thousands]
Total nondurable-goods industries
Food and kindred products
Tobacco manufactures
Month
January
February
March
April _
May
June
July
August
September
October
November
December
_-
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1941
1942
1943
1944
1945
4,109
4,188
4,240
4,196
4,150
4,162
4,254
4,485
4,599
_ _ 4,607
4,502
4,402
4, 286
4,331
4,291
4,204
4,132
4,141
4,224
4, 440
4,556
4,574
4,538
4,562
4,500
4,596
4,689
4,754
4,808
4,906
5,046
5,238
5,300
5,241
5,172
5,134
5,045
5,118
5,155
5,161
5,161
5,143
5,257
5,391
5,514
5,440
5,406
5,433
5,396
5,418
5,424
5,392
5,357
5,424
5,494
5,566
5,528
5,489
5,475
5,429
5,382
5,410
5,381
5,327
5,291
5,338
5.400
5,459
5,440
5,418
5,408
5,423
5,375
5,380
5,359
5,307
5,265
5,300
5,259
5,268
5,260
5,264
5,279
5,393
5,430
5,518
5,595
5, 615
5,593
5,656
5,690
5,858
5,909
5,824
5,863
5,856
5,758
5,754
5,733
5,646
5,558
5,568
5,648
5,904
6,010
5,966
5,928
5,934
5,847
5,841
5,808
5,591
5,574
5,749
5,753
5,948
6,077
5,944
5,833
5,733
814
798
814
842
873
934
1,018
1,123
1,156
1,079
1,037
1,001
968
960
951
961
987
1,035
1,146
1,225
1,323
1,212
1,159
1,146
1,098
1,079
1,072
1,070
1,084
1,137
1,216
1,303
1,310
1,247
1,216
1,187
1,158
1,150
1,139
1,142
1,148
1,184
1,270
1,302
1,306
1,259
1,228
1,207
4,325
4,357
4,949
5,269
5,449
5,390
5,309
5,701
5,784
5,808
957
1,089
1,168
1,208
1,199
Monthly average
For footnote, see p. 24.
1946
1947
1948
1941
1942
1943
1,173 1,192
1,162 1,189
1,148 1,187
1,148 1,183
1,145 1,172
1,169 1,184
1,229 1,274
1,237 1,351
1,309 1,343
1,243 1,231
1,211 1,253
1,212 1,225
1,145
1,104
1,098
1,102
1,110
1,157
1,268
1,397
1,432
1,309
1,252
1,215
1,143
1,116
1,099
1,007
1,046
1,189
1,285
1,328
1,438
1,311
1,226
1,171
88
92
93
93
95
96
96
97
94
99
101
99
94
98
97
96
93
95
97
100
102
103
104
104
101
99
98
98
95
95
95
94
94
95
96
96
94
93
89
89
88
89
89
88
88
89
90
91
1,232
1,216
1,197
95
99
96
90
1944
SURVEY OF CURRENT BUSINESS
24
October 1950
Production Workers in Manufacturing, Nondurable-Goods Industries: Revised Series for Page S-ll l—Continued
[Thousands]
Textile-mill products
Tobacco manufactures—Con.
A pparel and other finished textile products
Month
1945
January
February-_
March
April
May
Tune
July
August
September.
October
November..
December __
1946 1947 1948
87
Monthly average..
January
February.._
March
April
May
June
July
August
September..
October
November...
December..
Monthly average
1940 1941 1942 1943 1944 1945 1946 1947 1948
1,163
1,156
1,099
1,072
1,056
1,040
1,069
1,095
1,125
1,163
1,195
1,213
1,207
1,233
1,248
1,262
1,283
1,299
1.312
1,313
1,306
1,308
1.306
1,309
1,296
1,299
1,300
1,305
1,299
1,298
1,293
1,284
1,275
1,279
1,286
1,300
1,290
1,294
1,292
1,278
1,255
1,263
1,251
1,236
1, 219
1,222
1,226
1,224
1,200 1,139
1,205 1,130
1,193 1,122
1,171 1,100
1,157 1,089
1,153 1,095
1,140 1,074
1.134 1,071
1.127 1,071
1,125 1,074
1,131 1,079
1,143 1,131
1,148
1,178
1,199
1,208
1,211
1,228
1,213
1,230
1,247
1,255
1,268
1,277
1,121
1,282
1,293
1, 254
1,157
1,222 j 1,243
90
91
91
95
95
96
96
97
98
101
103
104
103
100
95
88
83
104
105
103
97
96
99
100
97
93
1,116
1,130
1,123
1,096
1,094
1,088
1,109
1,140
1,149
1,214
1,233
1,196
96
96
93
1,141
Apparel,
etc.—
Continued
Month
1939
1, 098
Paper and allied products
1941
1947
1948
1,032
1,054
1,050
1,001
968
965
960
1,031
1,052
1,075
1,065
1,083
1,080
1,090
1, 086
1,024
1,006
1,015
986
1,061
1,072
1,072
1,058
1,040
283
287
295
301
309
316
323
331
337
339
340
342
336
335
336
335
331
324
314
312
313
318
324
330
333
337
338
340
343
348
349
351
346
349
352
352
1,
1,049
317
326
345
1942
1944
1943
1945
1,291
1,304
1,311
1,299
1,290
1,292
1, 245
1,274
1,261
1,249
1, 245
1,236
733
1,275 !
793
764
747
730
821
846
849
806
787
j
I
|
i
1941
1942
1943
1947
369
375
380
386
389
394
391
397
399
403
410
411
1941
1948
410
411
411
407
403
402
394
401
402
406
408
411
407
405
404
401
399
401
398
405
408
411
412
409
1942
334
333
335
339
342
339
347
351
355
362
362
368
1943
361
356
352
351
352
348
351
351
354
364
376
384
406
1944
377
380
375
371
370
375
382
381
376
381
388
388
386
385
383
379
375
377
381
379
374
380
381
383
380
383
381
381
383
386
384
388
386
399
411
423
379
380
390
995
1,020
1,037
1,035
1,013
1,008
998
999
985
989
986
974
975
987
992
972
961
977
954
976
974
986
985
987
977
983
987
973
957
954
905
929
935
952
955
966
1,028
1. 018
1,034
1.001
1,045
1.060
1^057
1.03f>
1,035
799 •
967 1, 003
977
956
1,028
916
1939
1948
425
434
442
446
446
453
458
461
465
475
483
491
489
491
492
493
493
495
493
496
500
506
508
510
978
i.'oso
Chemicals and allied
products
1940 1941 194
505
504
500
496
497
498
494
496
500
508
508
509
270
270
280
282
270
258
260
255
286
301
298
295
290
292
297
300
290
284
285
293
309
325
329
329
333
342
352
366
366
371
378
389
409
421
422
417
501
277
302
381
Products of petroleum and coal
Chemicals and allied products—Continued
1945
914
971
992
989
978
919
922
980
984
991
978
981
1946
1945
1944
778 830
829 i 885
846 ; 912
794 911
754 903
724 1 893
712 899
802 958
842 974
839
963
830 938
833
928
Printing, publishing, and allied industries
1946
343
346
344
339
338
343
338
339
338
347
352
362
350
350
348
344
343
342
344
342
337
338
341
345
1,274
1,278
1,272
1,253
1,227
1,204
1,183
1,200
1,223
1,247
1,268
1,287
1940
423
438
455
462
463
464
469
475
501
505
501
498
Rubber products
Month
1943
January
February._.
March
April
May
June.
July
August
September.
October
November.
December __
508
516
520
523
515
515
514
516
522
529
529
527
1944 1945 1946 1947
582
594
596
595
588
584
569
545
503
497
538
554
549
547
540
535
538
548
554
562
568
578
510
515
519
518
509
505
501
511
523
528
533
533
Monthly average..
531
535
535
529
521
504
506
509
518
529
530
532
19481939
531
529
527
516
506
506
501
514
527
532
529
526
523
1940
103
102
103
103
106
107
108
110
112
115
114
111
110
109
110
110
111
114
115
117
119
118
118
117
108
1941
1942
1943
1944
117
116
119
118
121
125
128
129
129
130
131
130
130
131
134
135
135
138
139
140
140
139
139
139
139
138
138
139
141
142
145
145
144
145
146
146
145
148
148
151
153
155
158
164
158
157
157
158
124
137
1945 1946
158
159
160
160
160
161
162
162
156
155
164
165
1946
ranuary
. . .
February
March
April
_. . _
May
rune
Fuly
_
.
August
^p.ptPTnbPii"
October
November
December
Monthly average
.
.
_
1947
168
163
170
171
171
174
177
179
178
177
177
176
175
177
177
177
180
184
188
190
189
189
189
189
189
189
190
190
192
196
196
197
195
184
192
189
160
Rubber products—Continued
1945
1939
1948
1940
111
112
114
113
113
111
110
116
122
131
133
130
126
123
122
118
117
116
117
120
125
130
132
136
118
124 i
1941 1942
19431944
139
142
145
148
151
157
158
158
158
158
159
157
143
143
143
138
138
142
149
154
161
167
171
179
183
185
187
187
187
190
195
196
197
198
202
204
153
152
193
207
207
209
203
201
200
201
202
201
201
204
206
Leather and leather products
1941
1948
1942
1944
1943
1945
1946
1947
1948
209
209
208
203
199
197
192
189
161
182
189
200
203
203
210
210
210
212
204
212
217
225
229
231
231
232
230
228
218
214
208
210
211
216
218
220
220
219
215
208
203
205
201
205
207
208
209
206
355
368
376
374
365
376
387
389
382
382
376
383
380
387
395
389
385
380
377
370
361
362
369
372
372
370
367
351
354
351
349
345
335
334
334
331
329
331
331
329
325
326
325
324
321
321
323
325
325
325
324
320
319
324
320
321
310
320
327
338
347
359
367
370
372
376
375
375
379
372
371
373
368
372
373
368
355
355
359
372
379
384
387
390
387
391
385
360
347
359
361
372
370
309
357
354
195
214
220
209
376
377
349
326
323
370
372
368
1
Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Revisions reflect (1) the adoption of the current Standard Industrial Classification, (2) for the postwar period, the
reclassification of reporting establishments on the basis of the major postwar product, and (3) adjustments to levels indicated by Federal-Security-Agency data through 1947, and a revision
in the method of estimating production-worker employment. Data are based on reports from cooperating establishments covering both full- and part-time employees who worked during, or
received pay for, the pay period nearest the 15th of the month. Comparable monthly averages for 1929-38 and monthly data for 1939-40 for the foil owing groups are available in the December
1945 SURVEY: Food and kindred products; tobacco manufactures; paper and allied products; printing, publishing, and allied industries; leather and leather products. Revised data on production workers in total manufacturing and in durable-goods industries are shown on pp. 17 and 24 of the September 1950 SURVEY.
* BUSINESS STATISTICS
A HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume (price $1.25) contains monthly data for the years 1945 to 1948, and monthly averages for earlier years back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1945. Series added or revised since publication of the 1949 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical
data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers and dollar values refer to
adjustment of monthly figures for seasonal variation.
Monthly averages for 1949 are shown in the March 1950 issue of the Survey of Current Business.
selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
Data subsequent to August 1950 for
1950
1949
August
Se
berm~
October
I
November
December
January
F
g?™-
March
April
M[ay
June
July
August
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCTf
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. of dol
Compensation of employees, total
do
Wages and salaries, total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income total J* do
Business and professional cf
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil of dol
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
216.7
140.0
133.6
113.0
4.3
16.3
6.4
40.1
20 7
12.2
7.2
214.2
140.2
133.6
112.7
4.6
16.4
6.6
40.7
20.6
12.8
7.3
217.2
142.3
135.2
114.3
4. 5
16.4
7.1
41.5
21 4
12.8
7.3
229.0
147.6
140.2
119.2
4 5
16.5
7.4
41.3
22 3
11.8
7.2
31.8
28.2
10.8
17.3
3.7
4.8
28.4
27.6
10.6
16.9
.8
4.8
28.4
29.2
'12.
0
r
!7. 2
-.7
5.0
35.0
37 4
15. 1
22 2
—2.3
50
Gross national product, total
do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment
do
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil. of dol
Federal (less Government sales)
do
State and local
do
254.4
179.0
24.7
97.6
56.6
32.1
16.9
19.4
-4.2
.1
253.8
180.6
25.3
97.9
57.4
31.2
18.2
18.7
-5.7
-.7
262.5
182.4
26.9
97.5
58.0
40.5
19 9
19.3
1.3
— 1.9
269 9
184.5
26 7
99.0
58 8
45.9
20 9
21.6
3.4
—2.0
43.2
25.1
18.2
42.8
24.3
18.5
41.4
22.6
18.9
41.4
22 6
18.8
Personal income total
Less* Personal tax and nontax payments
Equals* Disposable personal income
Personal saving§
203 8
18.7
185.1
6.2
205.4
18.7
186.8
6.2
216 4
18.7
197.7
15.3
214 7
19 2
195.5
11.0
do
do
do
do
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol
Wage and salary receipts, total
do_ Employer disbursements total
do
Commodity-producing industries
do
Distributive industries
do
Service industries
__.do. .
Government
._. _
.do...
Less employee contributions for social insurance _ _ _ _ _
_ - _ bil. ofdoL
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends do
Total transfer payments
do
Total n on agricultural income
do
204.3
131.3
133.5
56.3
39.4
17.3
20.5
203.4
131.6
133.8
56.4
39.4
17.4
20.6
202.4
130.3
132.5
54.8
39.0
17.8
20.9
205.7
131.3
133.4
55.5
39.0
17.8
21.1
208.4
132.9
135.1
57.0
39.3
17.8
21.0
214.6
132.2
135.0
56.7
39.5
17.9
20.9
215.4
131.5
134.2
55.8
39.3
18.1
21.0
219.3
133.6
136.4
57.7
39.6
18.1
21.0
213.8
135.3
138.1
59.1
39.7
18.2
21.1
214.5
137.7
140.5
60.9
40.1
18.5
21.0
217.1
140. 2
143.2
62.7
40.7
18.6
21.2
2.2
2.9
40.7
16.8
12.6
2.2
3.0
39.2
17.0
12.6
2.2
3.0
39.8
17.2
12.1
2.1
3.1
41.7
17.2
12.4
2.2
3.1
40.6
18.9
12.9
2.8
3.0
43.5
17.5
18.4
2.7
3.0
41.0
17.7
22.2
2.8
3.3
40.2
18.0
24.2
2.8
3.3
39.8
18.2
17.2
2.8
3.4
41.5
17.8
14.1
3.0
3.4
42.3
17.8
13.4
187.3
187.8
186.0
187.6
191.1
195.2
199.0
203.7
198.7
198.4
200.7
'63.3
r
40. 9
'18.7
••21. 6
223.4
144.3
147. 2
65.2
41.2
18.8
22.0
2.8
3.4
45. 5
17.8
12.3
2.9
3.4
45.9
17.9
11.9
202. 7
205.3
' 220. 7
' 141. 7
r 144. 5
r
r
NEW PLANT AND EQUIPMENT
EXPENDITURES
4,330
4,370
4,630
3,700
\11 industries, quarterly total
mil. of dol
1,860
1,520
1,830
Manufacturing
do
1,690
150
160
180
180
Mining
do
300
230
300
310
Railroad
do
80
90
120
140
Other transportation
do
650
760
890
790
Electric and gas utilities
do
1,160
1,260
1,320
1,060
Commercial and miscellaneous
do
r
Revised. ! Estimates for July-September 1950, based on anticipated capital expenditures of business; for October-December data, see p. 6 of the September 1950 SURVEY.
fRevised series. Quarterly estimates of national income, gross national product, and personal income and monthly estimates of personal income have been revised beginning
pp. 28-35
of the July 1950 SURVEY for the revised figures.
cf1 In eludes inventory valuation adjustment.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S-l
i 5, 060
i 2, 270
i 180
i 320
i 110
i 910
i 1, 260
1946; see
SUEVEY OF CUERENT BUSINESS
S-2
October 1950
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
November
September
December
January
February
March
April
May
June
July
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total}
mil. of dol-_
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:!
All commodities
1935-39=100..
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:!
All commodities
1935-39=100..
Crops
do
Livestock and products
do
r
T
r
r
2,565
2, 559
1,235
1,324
T
331
T
731
r
247
r
385
r
432
r
349
r
171
'204
r
146
' 3,366
' 3, 354
'
' I, 557 1, 873
«• 1, 365
••1,481
'305
'296
' 2,929
' 2,922
'778
'907
'265
'440
••545
'360
T
188
••241
' 148
r 2,905
' 2,473
' 2, 893 ' 2, 464
' 1, 534 ' 1, 258
' 1,359 ' 1,206
'274
'272
'646
'769
'306
"273
1,099
1,139
290
676
165
1,614
1.596
581
1,015
276
574
156
1,674
1,642
478
1,164
315
639
200
1,594
1,544
436
1,108
313
579
202
1,809
1,768
434
1,334
358
744
208
1,859
1,825
557
1,268
368
667
203
' 2,35fi
' 2,343
'1,058
1,285
351
701
214
353
'371
2,254
2,238
'505
'656
'391
'435
' 537
'359
'371
'441
'318
337
385
301*
240
203
268
247
167
307
232
153
293
266
152
352
'275
'195
335
'212
'276
'164
' 184
'216
' 159
' 165
' 187
' 149
154
168
143
109
92
123
112
72
142
104
59
139
117
61
159
120
77
153
169
174
178
179
177
183
188
195
200
198
179
180
186
189
188
191
197
203
208
'207
339
'143
' 144
'142
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
1935-39=100..
Manufactures
174
178
do
181
Durable manufactures
Iron and steel
Lumber and products
Furniture
Lumber
Machinery
Nonferrous metals and products
Fabricating
Smelting and refining
do
do
do
do
do
do
do
do
do
194
178
134
148
126
216
141
128
174
200
179
141
158
132
224
157
150
175
176
102
138
165
125
226
164
162
167
181
145
144
163
134
217
164
161
170
201
201
145
170
132
227
167
163
175
206
203
130
166
111
229
180
176
191
204
201
138
173
119
236
190
184
202
210
205
147
176
133
243
201
197
221
222
158
175
150
251
198
194
207
232
226
162
175
155
258
197
192
238
231
166
177
160
262
207
202
218
237
'228
'161
174
' 155
'265
202
200
207
Stone, clay, and glass products
Cement
Clay products
Glass containers
Transportation equipment
Automobiles (incl. parts)
do
do
do
do
do
do
190
207
149
212
246
225
191
219
151
199
252
231
193
211
154
210
238
216
188
206
153
195
206
175
181
187
154
177
211
181
179
168
147
202
242
224
179
160
150
201
210
182
180
157
151
201
214
189
197
207
154
222
226
204
'209
221
160
238
262
249
212
229
161
232
277
'213
229
'161
234
'274
'264
Nondurable manufactures
Alcoholic beverages...
Chemical products
Industrial chemicals
Leather and products
Leather tanning
Shoes
Manufactured food products
Dairy products
Meat packing
Processed fruits and vegetables
do
do
do
do.
do
do
do
do
do
do
do
170
179
226
178
179
238
405
114
98
125
190
159
145
267
181
180
245
414
108
99
115
177
121
155
193
178
171
247
417
98
95
101
162
97
172
123
175
151
249
422
101
99
103
156
96
186
103
175
143
249
419
108
96
116
149
95
183
92
176
143
250
424
118
109
124
146
107
144
177
162
250
428
115
97
128
148
128
148
83
178
168
253
434
110
101
115
150
159
145
90
180
177
255
'443
101
94
106
157
199
144
184
202
258
451
'104
100
'107
164
226
146
120
182
219
'257
176
168
198
49
169
192
169
134
318
161
171
177
168
205
102
167
187
175
138
340
158
172
167
160
219
158
162
193
173
134
350
151
138
178
171
211
154
157
194
178
144
355
154
162
179
172
205
124
166
195
179
144
357
159
154
179
173
207
146
172
197
173
138
350
152
167
182
175
206
174
174
203
174
139
348
154
152
181
173
216
175
169
213
175
140
347
157
168
185
178
222
'177
169
220
173
132
348
161
176
172
'166
228
176
150
'221
'165
123
'360
135
160
112
120
118
31
156
63
141
152
117
133
163
76
128
136
63
103
157
81
125
133
69
96
154
80
113
118
65
38
155
81
139
148
108
149
152
83
138
147
83
143
155
87
147
148
97
131
160
140
155
155
96
136
168
155
'149
'148
68
109
' 171
158
173
Paper and products
Paper an d pulp
Petroleum and coal products
Coke
Printing and publishing
Rubber products
Textiles and products
Cotton consumption
Rayon deliveries
._
Wool textiles
Tobacco products
Minerals
Fuels
Anthracite
Bituminous coal
Crude petroleum
Metals
_
Adjusted, combined indexc?
Manufactures
Durable manufactures
Lumber and products
Lumber
Nonferrous metals
Smelting and refining
Stone, clay, and glass products
Cement
Clay products
Glass containers
_
Nondurable manufactures
Alcoholic beverages
Chemical products
Leather and products
Leather tanning
Manufactured food products_ _ ^
Dairy products
Meat packing
Processed fruits and vegetables
110
90
123
189
197
134
287
155
148
do.
do _
do_
do.
do.
do.
do.
do.
___do_
do.
do.
146
143
178
140
111
259
134
184
169
160
208
145
159
174
155
127
294
139
185
do.
do.
do.
do.
do.
do.
134
134
82
108
149
135
123
122
50
60
154
128
do_.
170
174
166
do.
178
184
176
do
do
do
do
do
do
do
do
do
193
126
115
141
174
183
183
145
204
199
132
119
157
175
183
189
146
195
175
133
116
164
167
184
182
146
204
do.
do.
do.
do.
do.
do.
do_
__do_.
do..
165
172
229
110
91
166
152
153
151
172
174
236
115
100
167
151
158
137
177
167
240
108
98
165
146
155
149
449
99
87
107
' 177
223
141
'190
179
183
180
187
190
195
199
'196
188
192
192
194
199
204
208
'205
181
147
139
163
169
183
191
147
193
203
159
153
166
174
187
206
150
190
209
144
132
180
191
190
207
158
206
207
150
138
190
202
192
211
157
207
211
156
145
200
208
188
192
158
201
222
159
150
198
207
200
218
158
222
231
158
149
197
208
203
210
'160
223
237
155
144
207
219
210
214
'161
234
'236
'151
'140
203
208
'211
, 208
'160
244
177
187
243
97
92
160
147
154
134
176
173
245
101
99
160
148
157
132
179
169
248
108
95
161
148
154
142
180
159
247
115
102
161
149
151
136
181
175
247
116
98
165
154
160
152
180
169
252
110
101
164
153
157
148
181
172
256
101
95
164
150
144
150
184
184
261
105
102
164
153
147
156
181
206
'261
101
91
'166
152
151
'146
' Revised.
* Preliminary.
{Data for 1947-49 were revised to incorporate changes in reports on production and sales of farm products. Revised figures for 1947 appear on p. 23 of the April 1950 SURVEY; those for
1948 (further revised since the April issue) and January-July 1949 are available upon request; revisions beginning August 1949 are shown above. cfSeasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.
SUEVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-3
1949
August
September
October
1950
November
December
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Ad justed cf — Continued
M anuf actures — C ont inued
Nondurable manufactures— Continued
Paper and products
1935-39=100
Paper and pulp
_ _
do _
Printing and publishing
_
do
Tobacco products
_ __
_do_ ._
155
148
151
178
169
160
159
175
176
168
165
165
177
168
160
169
167
160
159
149
179
171
163
162
178
171
168
162
179
172
169
176
181
174
170
161
180
173
166
168
185
177
170
170
173
166
162
154
191
181
169
197
129
102
119
98
112
59
141
76
132
106
130
117
118
118
144
119
140
98
. 145
125
151
130
'144
124
p 158
* 136
Business sales (adjusted), total f
bil. of dol
Manufacturing, total!
do
Durable-goods industries!
do__.
Nondurable-goods industriesf
__do
Wholesale trade, total
_
do __
Durable-goods establishments
do_ __
Nondurable-goods establishments
do
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores..
_
do __
35.9
17.7
7.4
10.3
7.5
1.8
5.7
10.7
3.5
7.2
36.0
17.6
7.3
10.3
7.5
1.9
5.Q,
.10.9
3.5
7.4
33.6
15.8
6.2
9.6
7.1
1.7
5.4
10.7
3.6
7.1
34.4
16.2
6.6
9.6
7.6
1.8
5.8
10.6
3.3
7.3
33.6
15.8
6.5
9.2
7.3
1.7
5.6
10.5
3.1
7.4
34.2
16.2
6.8
9.4
7.2
1.6
5.6
10.9
3.6
7.3
35.3
16.9
7.1
9.8
7.3
1.7
5.6
11.1
3.7
7.4
36.6
17.8
7.8
10.2
7.7
1.9
5.8
11.1
3.7
7.4
35.6
17.2
7.5
9.7
7.4
1.8
5.6
11.1
3.7
7.4
38.7
19.3
8.6
10.7
8.0
2.1
5.9
11.3
3.9
7.4
39.9
19.8
9.0
10.8
8.4
2.3
6.1
11.7
4.2
7.5
41.8
20.1
8.7
11.4
9.0
2.6
6.4
'12.7
'4.7
8.0
45.1
22.7
10.0
12.7
9.7
2.9
6.8
12.7
4.7
8.0
Business inventories, book value, end of month
(adjusted), total t
bil. of dol
Manufacturing, totalf
do
Durable-goods industries t
do
Nondurable-goods industries!
do
Wholesale trade, total
_. __
do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores _ _ _
_ do
52.7
29.7
14.1
15.6
9.1
3.0
6.0
13.9
5.3
8.6
52.9
29.3
13.7
15.6
9.2
3.0
6.2
14.4
5.6
8.8
52.5
28.9
13.4
15.6
9.1
2.9
6.2
14.5
5.7
8.8
52.1
28.7
13.2
15.5
9.1
2.9
6.2
14.3
5.5
8.8
51.6
28.9
13.4
15.5
9.0
2.9
6.1
13.7
5.1
8.6
52.0
29.0
13.4
15.6
9.0
3.0
6.0
14.0
5.4
8.6
51.8
29.0
13.4
15.5
9.0
3.0
6.0
13.8
5.2
8.6
52.4
29.0
13.5
15.6
9.1
3.0
6.1
14.3
5.3
9.0
52.8
29.3
13.6
15.7
9.4
3.1
6.3
14.1
5.3
8.9
53.5
29.6
13.7
15.9
9.5
3.2
6.3
14.4
5.4
9.0
54.1
29.9
13.8
16.1
9.5
3.3
6.2
14.7
'5.6
9.1
53.2
29.7
13.8
15.9
9.3
'3.2
6.2
' 14. 1
'5.1
9.0
54.1
29.6
13.7
15.9
9.6
3.0
6.6
14.8
5.2
9.5
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS!
Sales:
Value (unadjusted), total
mil. of dol
Durable-goods industries .
do___
Nondurable-goods industries
do
17, 630
7,288
10, 342
17, 960
7,451
10, 510
17, 019
6, 595
10, 424
16, 394
6,534
9,860
16, 083
6, 715
9, 369
16, 005
6,664
9,341
16, 243
6,790
9,453
18, 531
8,064
10, 467
17, 184
7,644
9,540
18, 649
8,413
10,236
19, 426
9,007
10, 418
18, 506
7,951
10, 554
22, 549
9,848
12, 701
Value (adjusted), total
do
Durable-goods industries, total.
do
Iron, steel, and products
do
Nonferrous metals and products
do _
Electrical machinery and equipment _ _ _ do
Machinery, except electrical. _
do _.
Motor vehicles and equipment. _ _ .__ do__ _
Transportation equipment, n. e. s
do
Lumber and timber basic products
do
Furniture and finished lumber products.do
Stone, clay, and glass products _
__do _
Other durable-goods industries
do
17, 720
7,387
1,730
438
713
1,126
1,548
347
427
339
404
315
17, 621
7, 335
1,796
440
759
1,130
1,406
267
454
348
397
338
15, 798
6,167
1,123
380
721
1,051
1,195
279
429
328
364
296
16, 221
6,631
1,405
399
736
1,087
1,130
324
475
348
406
321
15, 756
6,516
1,704
406
676
1,028
994
319
443
309
358
279
16, 216
6,817
1,718
440
738
1,085
1,220
284
359
290
380
303
16, 877
7,103
1,801
461
745
1,115
1,211
350
408
310
393
308
17, 797
7,643
1,851
464
832
1,254
1,362
297
472
369
405
335
17, 206
7,488
1,884
432
773
1,223
1,333
307
485
360
375
315
19, 309
8,605
2,126
523
878
1,352
1,600
319
570
401
480
356
19, 838
9,030
2,192
566
955
1,385
1,710
310
652
404
481
374
20, 092
8,670
2,178
558
924
1,374
1,459
315
603
409
469
382
22, 691
9,975
2,482
599
1,168
1,515
1,648
354
718
476
538
478
do___
do
_do .
_ _ do__ do _
do
do .
do
do _
do
_ do. _ _
do
do __
10, 333
2,842
539
283
1,009
1,009
314
468
573
1,229
1,544
288
233
10, 286
2,790
459
271
1,069
985
285
520
585
1,237
1,561
272
252
9,631
2,685
415
250
994
830
261
507
512
1,163
1,528
255
232
9, 590
2,624
413
272
1,033
721
244
502
517
1,167
1,589
247
262
9,240
2,496
439
248
965
743
228
474
597
1,063
1,518
245
226
9,399
2,637
390
271
926
804
242
485
600
1,104
1,436
265
240
9,774
2,772
393
263
956
835
273
495
654
1,130
1,479
273
250
10, 154
2,772
473
272
963
851
285
510
649
1,250
1,550
293
287
9,718
2,753
471
246
896
753
264
468
582
1,189
1,565
288
244
10, 704
3,150
542
274
1,012
748
290
513
606
1,334
1,624
321
290
10, 809
3,136
582
277
1,062
663
317
538
602
1,383
1,668
350
231
11, 422
3,245
573
287
1,206
962
349
528
' 596
1,442
1,561
454
221
12, 715
3,239
589
299
1,561
1,221
395
628
612
1,674
1,675
545
276
do
do.
_ do
29, 659
14, 124
15, 535
29, 117
13, 691
15, 426
28, 803
13, 324
15, 479
28, 606
13, 101
15, 506
28, 969
13,316
15, 674
29, 249
13, 375
15, 874
29, 151
13, 464
15, 687
29,151
13, 547
15, 604
29, 163
13, 635
15, 528
29, 409
13, 785
15, 624
29, 688
13, 848
15, 840
29, 670
13, 803
15,868
29, 513
13, 704
15, 808
11, 192
6,874
11, 593
11,116
6,695
11,306
11, 026
6,550
11, 227
10, 988
6,413
11, 206
11, 270
6,378
11, 341
11, 249
6,541
11,460
11,207
6,578
11, 365
11,132
6,662
11, 357
11,008
6, 750
11, 405
11, 032
6,813
11,564
11, 120
6,783
11, 785
11,426
6,957
11, 287
11,648
7,132
10, 732
Minerals
Metals
_
_
do__ .
do
BUSINESS SALES AND INVENTORIES§
Nondurable-goods industries, total
Food and kindred products
Beverages. _
Tobacco manufactures..
Textile-mill products
Apparel and related products
Leather and products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products _ _
Rubber products
Other nondurable-goods industries
Inventories, end of month:
Book value (unadjusted), total
Durable-goods industries ..
Nondurable-goods industries
By stages of fabrication:
Purchased materials
Goods in process _ _
Finished goods
do
do
do
29, 743
29, 320
Book value (adjusted), total
_
_ do___
28, 923
28, 656
28, 865
29, 014
29, 315
28, 961
29, 037
29,562
29, 706
29,904
29, 644
Durable-goods industries, total... - d o _ _ _
14, 139
13, 716
13, 373
13, 195
13, 400
13, 400
13, 448
13,463
13, 599
13,688
13, 764
13, 822
13, 716
3,166
3,051
2,916
2,874
2,958
Iron, steel, and products
do
2,975
2,961
3,012
2,955
3,056
3,147
3,186
3,140
992
968
956
Nonferrous metals and products
do
963
965
948
956
960
975
962
973
953
988
1,634
1,550
1,509
1,489
1,521
1,524
Electrical machinery and equipment.- do- _
1,544
1,550
1,614
1,566
1,633
1,658
1,616
3,261
3,194
3,152
3,346
3,124
Machinery, except electrical
do
3,157
3,145
3,166
3,197
3,208
3,208
3,225
3,230
1,781
1,833
1,661
1,774
Motor vehicles and equipment—do __
1,711
1,750
1,753
1,755
1,764
1,736
1,678
1,669
1,653
842
838
742
809
Transportation equipment, n. e. s
do
787
730
690
705
670
659
653
660
666
534
510
552
546
550
Lumber and timber basic products.-- do
585
562
590
556
569
576
588
560
602
576
582
584
591
Furniture and finished lumber products. _ do
607
636
654
628
671
675
662
678
544
560
524
529
515
522
Stone, clay, and glass products.
do
532
541
523
536
542
535
538
624
631
626
622
622
Other durable-goods industries
do '
638
643
664
658
675
685
671
654
r
dsed.
P Preliminary.
cf See note marked "p"" on p. S-2.
Revised.
Preliminary.
"business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm.
§Tho:r term "business
ised series. Data on manufacturers' sales, inventories, and new orders have been revised beginning 1946. For revised data prior to August 1949 and appropriate explanations, see pp.
f Revise
16-23 of this
his issue of the SURVEY.
SUEVEY OF CURRENT BUSINESS
S-4
October 1950
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August
Septem-
October
ber
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf —Continued
Inventories, end of month— Continued
Book value (adjusted)— Continued
Nondurable-goods industries, total.mil. of doL.
Food and kindred products
do
Beverages
__ do
Tobacco manufactures
do
Textile-mill products
do
Apparel and related products '
do
Leather and products
__ do __
Paper and allied products
do
Printing and publishing
do. Chemicals and allied products
do
Petroleum and coal products
do
Rubber products
do __
Other nondurable-goods industries
do
New orders, net (unadjusted) , total
Durable-goods industries, total
Iron, steel, and products
Nonferrous metals and products . _ _
Electrical machinery and equipment
Machinery, except electrical .
Transportation equipment, except
vehicles
mil,
Other durable-goods industries
Nondurable-goods industries. _
do
.do_
do
.do
do
do__ _
motor
ofdol
do
do
Unfilled orders (unadjusted), total*
. do
Durable-goods industries
do
Iron, steel, and products _ _
do _
Nonferrous metals and products
do
Electrical machinery and equipment _ - do _
Machinery, except electrical
do
Transportation equipment,
except motor
vehicles
mil ofdol
Other durable-goods industries
do.
Nondurable-goods industries
do
15, 604
2,686
1,045
1,497
1,967
1,242
504
710
533
2,100
2,304
563
452
15, 604
2,750
1,062
1,553
1. 939
1, 228
516
681
525
2,093
2,281
538
436
15, 550
2,799
1,027
1,541
1,950
1, 223
511
669
525
2,084
2,282
517
422
15, 461
2,761
996
1,522
1,953
1,236
517
669
551
2,074
2,247
526
408
15, 466
2,803
986
1,527
1,965
1,241
509
687
553
2,059
2,194
531
410
15, 614
2,861
998
1, 514
1,988
1,282
522
704
595
2,032
2,161
524
432
15, 513
2,851
1,013
1,480
2,010
1,282
501
701
581
2,022
2,123
526
424
15, 574
2,917
1,034
1,475
2,042
1,338
509
703
582
1,978
2,049
532
416
15, 716
3,000
1,028
1,484
2,064
1,348
531
714
592
1.993
2,012
536
416
15, 874
3,061
1,012
1,490
2,148
1,328
546
706
587
2,014
2,018
540
422
16, 082
3,042
993
1,482
2,244
1,407
557
704
611
2,034
2,018
544
448
15, 942
2,831
1,037
1,467
2,274
1,448
568
695
601
2,041
2,046
501
433
15, 928
2,768
1,090
1,521
2,239
1.456
574
668
579
2,038
2,039
527
427
17, 532
6,831
1,663
442
656
960
18, 172
7,099
1,396
449
768
990
17, 151
6,892
1,708
442
803
962
16, 868
6,941
1,687
418
694
979
16, 009
6,923
1,855
392
706
1,018
17,032
7,479
1,892
469
793
1,211
16, 861
7,213
1,836
.480
726
1,211
18, 810
8,508
2,173
488
946
1,392
17, 182
7,857
1,901
474
772
1,316
19, 097
8, 514
2,178
531
884
1,410
20,666
9,814
2,493
557
1,035
1, 527
22, 046
10, 553
2,724
637
934
1,764
26, 686
13, 342
3, 345
784
1,597
2. 155
161
2,948
10, 701
318
3,178
11, 074
194
2,782
10, 259
551
2,613
9,927
167
2,784
9,086
255
2,860
9,553
395
2,566
9,648
266
3,243
10, 302
333
3,060
9,325
232
3,279
10, 582
543
3,660
10, 852
1,102
3,392
11, 493
1,040
4,422
13, 344
19, 106
16, 207
4,406
395
2, 117
3,086
19, 318
15,855
3,954
403
2,129
2,936
19, 450
16, 152
4,460
435
2,158
2,812
19, 924
16, 559
4,778
420
2,094
2,750
19, 850
16, 767
4, 925
382
2,046
2,666
20, 876
17, 581
5,111
419
2,131
2,852
21, 494
18, 005
5,252
456
2,129
2,995
21, 773
18, 449
5,480
451
2,183
3,076
21, 770
18, 662
5,488
481
2,164
3. 147
22, 218
18, 763
5,566
497
2,215
3,194
23, 458
19, 569
5,866
506
2,308
3,277
26, 998
22, 171
6,593
679
2, 434
3,758
31, 134
25, 664
7, 405
892
2,930
4,428
3 058
3,144
2,899
3, 108
3,326
3,463
3,027
3,260
3, 298
3,264
3,254
3, 365
3,086
3,661
3,083
3,068
4,000
3,295
3,140
4,033
3,489
3,081
4,178
3,324
3, 103
4,278
3,109
3,015
4,276
3,455
3,215
4,398
3,888
4, 030
4,678
4,827
4 746
5, 264
5,470
7, 191
7, 303
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
Operating businesses, total, end of quarter:}: thous
Contract construction
do
Manufacturing
do
Service industries
do
Retail trade
do
Wholesale trade
do
All other
do
3, 941, 5
331.5
298 7
849.4
1, 690. 1
203.5
568 3
3, 934. 2
331.3
292 3
849.7
1, 687. 7
, 203. 9
569 3
p 3, 958. 2
P341. 1
p 289 9
v 854. 6
p 1, 693. 2
v 205. 2
p 574. 1
New businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
84 5
12.9
7.1
16 6
34 5
38
96
79 8
12.7
7.0
16.4
29 8
3.8
10 1
P 107 5
p22 1
plO. 5
^20. 4
P 36 3
P 4. 6
" 13 6
Discontinued businesses, quarterly total t
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
91.8
13 6
14.1
16 9
33 9
3 6
9 7
87.2
12 9
13.4
16. 1
32 2
3 4
9.2
r90.8
p 13 4
P 14.0
P 16.8
*33 5
P3 6
*9. 6
Bu°incss transfers quarterly total
do
S3 5
71 0
p 104. 6
BUSINESS INCORPORATIONS
New incorporations (48 States) *
number, .
r
6,828
fi. 867
6,877
6. 755
7, 857
9. 070
7, 736
9,180
8. 375
9, 216
8, 861
810
53
55
221
385
96
732
67
71
183
329
82
802
58
90
181
364
109
835
63
83
197
395
97
770
50
80
201
349
90
864
bl
65
225
403
110
811
69
73
170
399
100
884
74
86
206
402
116
806
44
76
195
398
93
874
62
80
197
426
109
725
67
61
167
363
67
694
62
65
151
343
73
787
51
91
173
402
70
31, 175
1,187
2,272
16, 008
6,424
5,284
20, 598
1,289
2,148
9,379
4,929
2,853
23, 894
1,248
1,989
11, 897
5, 833
2,927
22, 799
1,281
4,362
8,419
5,929
2.808
19, 251
668
1,814
7,465
6,284
3,020
26, 436
1,829
1,884
10, 928
7, 355
4,440
22, 156
1,875
1,824
7,905
6,386
4,166
27, 900
1.706
2,777
12, 241
7,859
3,317
21, 250
819
1,465
7,980
7,179
3,807
22, 672
1,474
2,129
7,470
8,650
2,949
18, 072
1,572
1,533
7,244
5,154
2,569
19, 538
1,495
1,619
8.533
5,251
2,640
18, 448
2,077
1. 233
7, 225
5, 685
2,228
INDUSTRIAL AND COMMERCIAL
FAILURES
Failures, total cf
Commercial serviced1
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities, totalrf1
Commercial serviced1- - Construction
Manufacturing and mining
Retail trade
Wholesale trade. _
T
number
do
do
do
do
_ ...do
thous. of dol._
--- -- - do_ _
do
do
do
.._ ... __ -do
Revised.
tRevised series. See corresponding note on p. S-3.
*New series. For data on unfilled orders beginning 1946, see p. 22 of this issue of the SURVEY. Data on new incorporations are compiled by Dun & Bradstreet, Inc.; they are available for
the 48 States beginning 1946, and for 47 States (excluding Louisiana) beginning July 1945; figures through 1948 are shown on p. 21 of the May 1950 SURVEY.
{Revisions of previously published data on operating and discontinued businesses for the final quarter of 1948 and the first quarter of 1949 will be shown later.
cTFor comparability with data prior to 1945, figures for certain subsequent months have been revised to exclude railroad failures. Revisions are shown in the February 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-5
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
244
214
205
165
400
246
181
170
241
271
310
244
225
247
212
211
166
393
250
160
^88
227
279
319
251
236
242
210
213
161
396
241
180
174
221
271
301
258
230
237
210
215
157
369
233
172
213
220
262
286
261
216
233
210
219
168
394
223
174
196
225
255
280
261
194
235
219
218
170
382
222
185
261
228
249
286
254
158
237
215
219
171
389
231
186
203
228
257
306
250
155
237
215
224
174
389
236
193
168
230
258
308
243
165
241
225
227
181
389
242
206
205
239
256
312
235
161
247
223
230
190
387
246
195
178
248
269
342
230
154
247
225
218
190
388
251
207
182
254
268
342
227
156
263
236
226
195
387
278
211
200
267
287
371
232
173
267
239
224
193
399
311
200
164
293
292
369
240
191
238
242
234
237
240
234
237
239
235
236
238
234
237
239
235
238
238
237
237
238
237
239
239
239
240
239
241
244
242
246
245
243
247
247
245
249
248
248
249
249
248
246
245
246
249
248
250
251
254
255
256
258
98
100
98
97
95
94
96
95
96
97
97
103
103
All commodities (U. S. Department of Commerce
index)
_
1935-39 = 100
186. 6
187.2
185. 6
1 85. 7
184.4
183. 8
183.3
183.8
184.1
185.7
187.3
190.0
190.4
Coal (U. S. Department of Labor indexes):
Anthracite
Oct. 1922-Sept 1925-100
Bituminous
do
143 4
154.9
145. 4
156.4
147.4
158.5
148.3
160. 5
148.4
162.7
148.5
164.1
148.5
164. 5
149.3
166.2
154. 2
165.6
147.2
160.9
147.4
160.2
150.3
160.5
153. 9
162. 4
Consumers' price index (U. S. Dept. of Labor) :
All items
1935-39 = 100
Apparel
do
Food
__
do
Cereals and bakery products
do Dairy oroducts
do
Fruits and vegetables
do _.
Meats, poultry, and
fish
do
Fuel, electricitv, and refrigeration __ . do
Gas and electricity
do
Other fuels
do
House furnishings
do
Rent
._
do
Miscellaneous
do
168.8
187.4
202.6
169. 4
184.9
201.9
239. 5
135. 8
97.1
183.1
184.8
120.8
154.8
169.6
187.2
204.2
169.7
185.3
199.8
243. 6
137.0
97.1
185. 9
185.6
121.2
155.2
168. 5
186.8
200.6
169.1
186.7
194.5
235.1
138. 4
97.0
188.3
185.2
121.5
1 55. 2
168.6
186.3
200.8
169. 2
186.4
202.0
229.1
139.1
97.0
190. 0
185.4
122.0
154.9
167.5
185.8
197.3
169.2
186.2
198.2
223.2
139.7
97.2
191.6
185. 4
122. 2
155.5
166.9
185. 0
196.0
169.0
184.2
204.8
219.4
140.0
96.7
193.1
184. 7
122.6
155. 1
166.5
184.8
194. 8
169.0
183.6
199.1
221.6
140.3
97.1
193.2
185. 3
122.8
155.1
167.0
185.0
196.0
169.0
182.4
195.2
227.3
140. 9
97.1
194, 4
185.4
122. 9
155.0
167.3
185.1
196.6
169.3
179.3
200.5
227.9
141.4
97.2
195.6
185.6
123. 1
154.8
168. 6
185. 1
200. 3
169.6
177.8
206.5
239.5
138.8
97.1
189.1
185. 4
123.5
155.3
170.2
185.0
204.6
169.6
177.1
217. 2
246. 7
138. 9
97.0
189.4
185. 2
123.9
155. 3
172.5
184.7
210.0
171.3
179. 5
220.8
256.0
139.5
97.0
190.9
186. 4
124.4
156. 2
173. 0
185. 9
209.0
175.5
182.7
194.7
257. 5
140.9
97.0
194.4
189. 3
124.8
158. 1
Prices received, all farm productst§_- 1910-14 = 100..
Crops
do
Food grain
_
•
do
Feed grain and hay
._ .. do . _
Tobacco
do
Cotton
. ... _ do ._
Fruit
do
Truck crops _
... . do ..
Oil-bearing crops
do
Livestock and products
. . . . . . . do . _
Meat animals
_
do
Dairy products
do
Poultry and eggs
do
Prices paid :f
All commodities _
1910-14 = 100
Commodities used in living
do
Commodities used in production
do
All commodities, interest, taxes, and wago rates
191 0-14 = 100-.
Parity ratiof
do
RETAIL PRICES
WHOLESALE PRICES^
U. S. Department of Labor indexes :£
All commodities
1 926— 1 00
Economic classes:
Manufactured products.
do
Raw materials. __ _
do
Semimanufactured articles
do
Farm products
do
Grains
do
Livestock and poultry
_
do
Commodities other than farm products. _do
152 9
153.5
152.2
151.6
151 . 2
151.5
152. 7
152. 7
152.9
155. 9
157. 3
162.9
166. 3
149.4
161.3
147.9
162.3
150.4
186.3
150.6
150.1
162.0
147.8
163.1
156.4
186.6
151.2
149.1
160.4
145.3
159.6
155.3
177.7
150.3
148.2
160.4
145.1
156.8
156.4
169.6
150.3
147.9
159.5
144.7
154.9
160.9
167.0
150.1
148.2
159.8
144.8
154.7
160.2
170.5
150.5
149.1
162.4
144.3
159. 1
161.3
179.9
151.1
148.9
162.8
144.1
159.4
165.4
180.3
151.0
149.4
162.5
143. 9
159.3
169.6
178.0
151.2
152.2
166.3
145.6
164.7
172.3
194.6
153.7
153.5
167.7
148. 4
165.9
169.3
197.5
155.2
158.0
175.8
152. 9
176.0
173. 5
215.8
159.7
161.0
179.0
158.9
177. 5
167. 7
217.3
163.6
160.6
142 8
152.7
130.3
210.7
162.0
143.7
153.5
126.9
215.1
159.6
144.6
154.6
128.0
205.0
158.9
144.6
154.7
130.7
198.9
155.7
144. 6
154.4
132.4
193.5
154.8
144. 3
148.8
134.3
194.5
156. 7
144.8
147.5
138.2
201.6
155.5
145.6
144.8
134.9
200.0
155.3
145.9
141.1
137.6
200.6
159.9
146.0
138.0
139. 2
217.1
162.1
145.6
135. 9
140.5
223.7
171.4
151.2
141.8
137.0
240.7
174.6
154.9
148.0
132.0
240.2
Commodities other than farm products and
foods
1926=100..
Building materials
do
Brick and tile
do
Cement
_
do
Lumber..
do
Paint and paint materials
do
145.0
188.3
161 5
133 0
277.4
144 0
145.3
189.4
161 8
133.0
279.8
144.1
145.0
189.3
161.8
134.5
282.0
141.4
145.0
189.6
161.9
134.5
283.5
140.1
145.4
190.4
161.9
134.5
285.2
139.6
145.8
191.6
163.5
134.8
287.5
139.0
145. 9
192.8
163. 2
134.9
292.1
139.0
146.1
194.2
163.3
134.9
295.9
138. 2
146.4
194.8
163.4
134.9
299.4
136.7
147.6
198. 1
163.9
134. 9
310. 8
136.8
148.8
202.1
164.3
134.9
322.6
137.7
151.5
207. 3
167. 4
135.3
338. 0
138.6
155. 3
213. 5
167. 8
135. 5
356. 6
142.1
Chemicals and allied products. .
_do
Chemicals
_
do
Drugs and pharmaceutical materials. do
Fertilizer materials
do
Oils a n d fats _ _ _ _ _
do
119.6
117 8
125.0
121.8
130 3
117.6
117.2
125.0
120.4
118.4
115.9
115.3
123.1
120.2
115. 6
115.8
115.0
123.0
118.3
118. 3
115.2
114.3
121.6
117.9
118.2
115.7
114.7
121.5
117.4
122.7
115.2
114.7
121.4
116.9
120.9
116.3
115.4
121.9
117.3
125.6
117.1
116.4
122.0
117.4
127.5
116.4
116.5
122.3
116. 8
122.2
114.5
117.3
122.7
108.4
111.9
118.1
119.3
129.1
'110.0
125.7
122.3
121.9
135. 0
112.0
141.7
Fuel and lighting materials
Electricity
Gas
Petroleum and products
do
do
do
do
129.6
68 5
88 9
109.7
129.9
68.9
89 3
109.1
130. 6
70.1
87.8
109.9
130.2
70.3
88.3
108.5
130.4
69.6
87.2
108.5
131.4
68.9
85.0
109.4
131. 3
69.6
87.4
109.4
131.5
67.9
88.3
108.6
131. 2
67.8
86.8
109.5
132. 1
66.6
87.2
112.6
132.7
67.0
'87.3
113.9
133.4
134.4
88.3
115.5
116.8
Hides and leather products
Hides and skins
Leather.
Shoes
do
_. . do
do
. do
178.9
194. 5
173.7
183.8
181.1
204.8
175.5
183.8
181.3
205.6
176.5
183.4
180.8
199.5
177.0
184.3
179.9
192.8
178.1
184.3
179. 3
189.0
177.6
184.3
179.0
188.2
176.6
184. 3
179.6
190.4
177.9
184.3
179.4
187.2
179.1
184.3
181.0
194.4
179.3
185.0
182.6
202.1
180.6
184.8
Foods
Cereal products
Dairy products
_
Fruits and vegetables
Meats, poultry, and
fish
do
do
do
do
do
r
r
r
r
r
r
187. 1
219.3
185.3
' 185. 8
195.2
237.7
192.3
191.3
r
Housefurnishing goods
_
do
142.9
143. 0
143.4
144.2
142.9
145.2
144.7
145.5
146.6
145.8
146.9
148. 7
153.9
f
149.1
149.2
Furnishings
do
149. 1
149.9
151.5
151. 2
151.8
152.2
154.1
154.2
152.6
156. 1
163.1
136.6
Furniture
do
136. 6
136. 7
136.8
137 8
138.4
137.0
138.9
138.6
138.8
139. 4 ' 141.0
144.3
r
Revised.
fRevised series. Beginning with the February 1950 SURVEY data have been revised (effective back to 1910) to reflect changes prescribed in the Agricultural Acts of 1948 and 1949; revisions
for 1910-48 are shown on p. 36 of July 1950 SURVEY.
§September 1950 indexes: All farm products, 272; crops, 243; food grain, 221; feed grain and hay, 194; tobacco, 428; cotton, 336; fruit, 217; truck crops, 126; oil-bearing crops, 303; livestock
and products, 298; meat-animals, 372; dairy products, 248; poultry and eggs, 196.
c^For actual wholesale prices of individual commodities, see respective commodities.
JIndexes for the latest 2 months are preliminary and are currently revised to incorporate corrections received in the 2 months following. Any additional corrections received are incorporated
in final annual summaries issued in the middle of the year. Indexes for June-December 1949 were corrected in the August 1950 SURVEY and for June-December 1948 in the August 1949 issue.
Corrected indexes for January-May 1948 and 1949 are available upon request.
SUEVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
COMMODITY PRICES—Continued
WHOLESALE PRICES^1—Continued
TJ. S. Department of Labor indexes:!— Continued
Commodities other than farm prod., etc. — Con.
Metals and metal products
1926=100
Iron and steel __
do
Nonferrous metals
do
Plumbing and heating
do
168.2
163.8
135.9
154.7
168.2
164.0
135.7
154.6
167.3
163.3
131.5
154.6
167.3
163.4
131.7
154.6
167.8
165.4
129.2
154.6
168.4
167.3
128.6
151.7
168.6
168.8
128.1
148.7
168.5
169.0
127. 2
151.9
168.7
168.9
128.9
154.7
169.7
168.5
136.3
156.4
' 171. 9
' 169. 4
148.4
156.3
' 172. 4
' 169. 7
150. 6
' 156. 4
173.8
170.4
156.3
163.7
Textile products _
Clothing
Cotton goods
Hosiery and underwear _ _ _ _ _
Rayon and nylon. _
Silk
_
Woolen and worsted goods
do
do
do
do
do
do
do
138.1
144.8
170.2
98.4
39.6
49.2
152.6
139.0
144.8
174.8
98.4
39.6
49.2
150.4
138.0
144.6
176.5
98.4
39.6
49.2
145.1
138.0
144.2
177.9
98.4
39.6
49.5
146.0
138.4
144.0
178.4
98.4
39.6
49.9
146.9
138.5
143.9
178.7
98.5
39.6
50.1
147.0
138.2
143.1
178.4
98.6
39.9
50.1
147.2
137.3
143.5
176.5
98.0
39.9
49.1
146.3
136.4
144.2
172.8
97.7
39.9
49.1
146.1
136.1
143.8
172.0
97.7
39.9
49.3
146.2
136.8
143.8
173.8
97.7
39.9
49.3
148.3
' 142. 6
144.3
' 190. 7
99.2
40.7
60.3
'150.7
149.4
145.0
208.8
101.2
41.3
65.6
157.5
Miscellaneous
Automobile tires and tubes
Paper and pulp
do
do
do
109.8
60.6
156.8
109.6
60.6
156.5
109.0
60.7
156.5
109.7
62.5
156.5
110.7
64.3
156.0
110.0
64.3
155.9
110.0
64.3
155.6
110.7
64.3
155.5
112.6
65.0
155.4
114.7
65.8
155.4
114.7
67.0
155.6
119.0
'68.7
' 159. 9
124.0
73.9
163.9
52.6
59.2
49.4
52.4
59.0
49.0
52.8
59.3
49.9
53.1
59.3
49.8
53.2
59.7
50.6
53.1
59.9
50.9
52.7
60.1
51.2
52.7
59.9
50.9
52.6
59.8
50.8
51.6
59.3
49.9
51.2
58.8
48.9
49.4
58.0
47.6
48.3
57.8
47.8
' 1, 989
' 1, 483
'882
'800
70
' 2, 283
' 1, 690
' 1, 035
' 940
82
2, 675
1, 997
1, 253
1, 145
'93
2,771
2, 050
1,286
1,180
90
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
Consumers' prices
Retail food prices.
1935-39=100..
do
do_ __
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY!
New construction, total
mil. of dol
Private, total __
do
Residential (nonfarm)
do
New dwelling units.
do
Additions and alterations
__do
Nonresidential building, except farm and public
utility, total
mil. of dol
Industrial _ _ _ _ _ _
_ d o
Commercial
do
Farm construction
do _
Public utility
do
Public, total
Residential
Nonresidential building
Military and naval _
Highway
Conservation and development
Other types
__
do
do
do
do
do
do _
do
2,195
1,514
2,214
1,513
809
715
78
2,177
1,506
832
740
76
2,044
782
689
77
1,484
837
750
72
1,852
1,401
806
730
61
1,712
1,298
742
680
51
1,618
1,262
717
655
51
1,750
1,313
741
675
55
271
71
89
140
313
262
69
83
127
308
264
68
84
104
299
270
68
88
87
283
267
68
86
75
246
257
69
79
74
216
252
70
77
75
209
249
69
77
79
235
249
70
76
88
253
275
73
92
100
267
306
78
110
108
285
'324
83
' 117
113
296
332
90
113
116
305
681
37
187
15
275
80
87
701
40
218
15
255
81
92
671
41
215
16
233
80
86
560
36
179
14
184
71
76
451
34
158
12
117
60
70
414
35
155
9
90
56
69
356
26
154
9
55
49
63
437
28
170
8
100
62
69
506
28
178
9
145
' 73
' 73
' 593
28
187
'8
'210
'82
' 78
'652
28
' 191
10
250
'92
'81
'678
24
' 196
' 10
'275
'91
'82
721
27
204
11
305
90
84
43, 782
46, 925
37, 662
905, 748 1, 093, 724 1, 061, 751
331, 892
316, 409
288, 754
804, 970
729, 859
589, 339
40, 132
957, 761
315, 683
642, 078
34, 704
929, 030
298, 714
630, 316
30, 989
730, 855
200, 541
530, 314
32, 004
357, 085
4,528
3,518
25, 495
266, 103
28, 345
303, 205
7,486
6,291
58, 591
60, 695
'
'
'
'
2, 535
1, 883
1, 171
1, 065
'92
'
'
'
'
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
number
Total valuation
thous. of dol_ _
Public ownership
..
do
Private ownership
do
Nonresidential buildings:
Projects
Floor area
Valuation _ _ _ __ _ _
Commercial buildings:
Floor area
Valuation
Manufacturing buildings:
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
Valuation
Utilities:
Projects
Valuation
number _ _
thous. of sq. ft__
thous. of dol
_
4,318
25, 746
278, 031
6,378
4,186
32, 448
345, 023
9,426
3,293
6,632
45, 254
443, 996
5,090
5, 085
46, 580
487 115
51, 741
540 989
5,987
10 657
106, 792
10 419
96, 387
10 673
97, 677
12 220
117 356
14 430
137 850
37, 678
4,729
3 832
27 876
6 686
161 505
10, 984
119 199
10 086
83 696
9 874
69 291
9 373
79 780
13 290
128 821
49, 481
419, 051
29,918
27, 229
42, 078
343, 501
31, 650
46, 235
361, 452
47, 547
71, 543
574, 681
52, 568
84, 964
674, 836
57 843
84, 937
674 604
52 989
77, 850
628 051
53 268
84, 323
675 080
62 025
89, 033
754 106
125,891
1,032
1,185
134, 384
643
86, 300
805
120, 178
1,202
184, 081
1,608
177, 334
1,807
199, 239
2,156
221, 654
2 133
208, 648
2 020
200, 431
358
130, 532
308
72, 390
235
65, 760
243
32, 333
372
40, 781
442
49, 707
451
65, 217
423
51, 762
456
49, 338
417
53, 350
37, 993
48,928
35, 939
64 829
number
thous. of sq. ft_.
thous. of dol
31, 079
48, 146
393, 434
40, 342
65, 715
525, 572
37,289
60, 801
500, 702
35, 224
53, 262
435, 235
_
.number
thous. of dol__
1,892
173, 714
1,947
171, 576
1,566
128, 860
_ number-thous. of dol__
60,569
373
450
51, 553
399
75, 104
5,291
40, 482
408, 543
8 840
88, 575
41, 145
4,457
5,204
43, 071
448, 619
5,847
thous. of sq ft
thous of dol
3,873
5,934
4,998
37, 539
500, 658
58, 329
64, 442
82, 772
4,373
3,017
24, 790
265, 567
60, 635
thous of sq ft
thous. of dol
103, 901
2,882
22, 297
235, 294
53, 494
35, 715
59, 616
65, 305
60, 658
70, 449
60, 942
779, 530 1, 300, 201 1, 350, 496 1, 347, 603 1, 345, 463 1,420,181 1, 548, 876
480, 972
354, 115
284, 925
428, 264
459, 921
388, 643
437, 770
819, 229
996, 381
494, 605
917, 199
958, 960
960 260 1 111 106
4,542
6,807
Value of contract awards (F. R. indexes):
240
228
213
198
238
247
251
279
325
Total, unadjusted
1923-25=100.
329
334
344
'351
245
232
292
254
203
Residential, unadjusted
do
226
260
348
217
358
358
'372
358
265
262
242
246
263
229
263
275
284
Total, adjusted
_
do
274
291
'325
332
256
269
255
245
228
254
260
278
298
Residential, adjusted- _
do
303
325
'369
362
Engineering construction:
863, 561
915, 475
553, 482
589, 224
686, 221
885, 044
993, 453
Contract awards (E. N. R.)§
thous. of dol. _ 781, 416 810, 309
931, 153 1, 253, 720 1, 175, 138 1, 164, 682
Highway concrete pavement contract awards:©
1
2,322
3,329
3, 040
3,396
2,648
5,032
5,224
3,927
5,369
7,094
8,351
Total
thous. of sq. yd._
5,832
6,589
498
i 55
310
89
51
208
487
425
81
Airports
do
580
224
460
190
1,952
939
1,369
1 1, 907
2,854
2,154
1,037
2,684
2,126
Roads
_
_ _ do __
4,604
3,457
2,901
2 890
872
2,281
1,891
1 1, 078
1,134
1,565
1,124
2,635
2,481
Streets and allevs
do
3,177
3,167
2.708
3.509
' Revised. ! Data include some contracts awarded in prior months but not reported.
cTFor actual wholesale prices of individual commodities, see respective commodities.
JSee note marked "J" on p. S-5.
fRevised series. Data cover items not previously included; annual data beginning 1915 and monthly data beginning 1939 are available in the "Statistical Supplement" to the May 1950
Construction and Construction Materials Report.
§Data for September and December 1949 and March, June, and August 1950 are for 5 weeks; other months, 4 weeks.
©Data for August and November 1949 and March, May, and August 1950 are for 5 weeks; other months, 4 weeks.
SUKVEY OF CURRENT BUSINESS
October 1950
&-7
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
149, 100
r 144, 300
144,000
141 000
84, 130
79, 540
64, 572
3,130
11. 838
r
4, 590
82 164
78 557
61 655
3,003
13 899
3 607
August
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U. S. Department of Labor)
number. _
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units total J
number
Privately financed, total
do
Units in 1-family structures
do
Units in 2-family structures
_ _ __ _ _ do
Units in multifamily structures
do
Publicly financed, total
.
do__ _
Indexes of urban building authorized:
Number of new dwelling units.- .1935-39 =100..
Valuation of building, total
do
New residential building
do
New nonresidential building
_do.
Additions, alterations, and repairs
do
99, 000
102, 900
104, 300
95, 500
78, 300
78, 700
r
82, 900
117, 300
133, 400
r
r
58 636
57, 093
40, 382
2,282
14, 429
1,543
64 580
62, 434
43, 982
2,196
16, 256
2,146
59, 574
57, 320
41, 794
2,747
12, 779
2,254
54, 394
52, 357
41, 562
2,095
8,700
2,037
44, 736
43, 365
31, 327
1,996
10, 042
1,371
50, 464
r 49, 596
36, 026
r 2, 306
11, 264
53, 318
53, 141
40, 234
2,375
10, 532
868
177
80, 571
r 79, 436
59, 785
r
4, 237
15, 414
1,135
" 338. 5
'r 393. 9
572. 1
r
273. 0
306.9
377.3
412.6
627.5
278.2
279.0
343.5
387.8
592.8
253.0
276.5
313. 7
354.2
556.0
233.7
213. 8
257.5
319.7
433.4
273.8
184.2
288.3
319.1
484.9
214.5
217.8
305.6
327.1
529.8
201.4
198.1
464.5
488.9
837.4
265.4
285.6
484
505
492
442
471
484
503
493
442
471
483
503
493
442
471
486
506
495
444
474
486
506
495
443
474
345
345
345
345
r
83 056 r 91, 730
* 81, 290 »• 88, 458
«• 63, 484
•• 64, 377
' 3, 237 •• 3, 859
' 14, 569 r 15, 222
3,272
1,766
r
r
T
83, 351
82, 862
69, 877
r
2, 828
r
13, 157
"•489
r
r
T
477.7
526.3
885.2
306.3
290.4
530.0
607.1
1, 044. 2
333.4
334.6
486
508
495
444
474
488
511
497
447
476
490
511
497
452
476
498
518
504
459
485
346
346
346
346
349
357
481.7
577.9
928.4
352. 5
374.8
485. 4
606. 1
950. 7
'r 398. 2
371. 2
473.1
617.9
957 5
415.9
379 4
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100
American Appraisal Company:
Average, 30 cities
1913—100
Atlanta
do
New York
_
. do..
San Francisco
do
St. Louis
_-_
---do
Associated General Contractors (all types)
do
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete _ _ U . S. avg. 1926-29=100..
Brick and steel
do
Brick and wood
._
do. _
Commercial and factory buildings:
Brick and concrete
._
do_ _
Brick and steel
_ do
Brick and wood
do
Frame
do
Steel
do...
Residences:
Brick
._
do_ __
Frame
do
Engineering News-Record :cf
Building
1913=100
Construction
___do
Bu. of Public Roads — Highway construction:
Composite standard mile
1925-29—100
307
486
506
495
446
474
342
485
503
493
443
471
343
307
311
305
502
519
514
465
488
508
526
522
473
495
366
207.1
206.1
210.0
207.4
206.3
211.1
207.9
207.2
212. 9
208.3
207.5
213.7
208.6
207.9
213.4
209.1
208.6
213.9
210.1
210.1
215.8
210.7
210.8
217.3
211.3
211.3
218.1
214.4
214.5
224.4
215.6
215.8
227.2
218.0
218.6
230.8
219.5
220 7
234.6
210.6
207.3
208.2
211.3
194.4
210.7
207.6
208 9
212.7
194.4
211.1
208.4
210.1
215.2
194.4
211.4
208.7
210.9
216. 3
194.6
211.6
208.9
210 9
215.6
194.9
212.0
210.0
211.1
215.9
197.7
212.7
210.9
212.6
218.6
198.5
213.3
211.6
213 7
220.7
198.8
214.0
212.1
214.4
221. 7
199.2
217.1
.215.7
219.8
229.1
201.7
218.3
216.9
222.4
232.5
202.3
220.3
219.0
225. 4
236.4
203.8
221.4
220 7
228 4
241 5
250. 1
210.6
207.6
211.7
208.9
213.4
210.8
214.0
211.6
213.8
211.2
214.2
211.6
216.1
214.0
217.6
215.8
218.5
216.7
224.9
223.7
227.7
226.7
231.3
230.5
235. 1
235 1
352.0
479.8
353.0
480.5
352.9
480.0
353.2
480.3
356. 2
484.7
356.5
484.9
360.0
488.4
362.8
491.9
364.3
496.6
373.0
506.5
376.9
511.9
383.1
521.4
392 8
530.4
145 3
148 7
140.0
140 7
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
do.
146 8
129.7
148 9
138.5
140.8
127.1
142.8
144.1
135.9
153.7
T
120. 8
' 141. 5
117.3
142.2
r
r
140 2
148. 4
r
r
147. 5
148. 4
T
166. 7
' 157. 6
r
171. 5
' 160. 3
p 162. 5
v 152. 7
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: New premium paying
183, 559
199, 841
172, 453
thous. of dol__ 186, 312
198, 235
232, 950
206, 681
178, 000
182, 568
173, 970
211, 758
210, 919
217, 594
234, 070
Vet. Adm.: Principal amount*
do
161, 909
162, 898
217, 610
218, 315
214, 433
131, 124
143, 605
183, 395
218, 000
221, 416
131, 610
268, 611
Federal Home Loan Banks, outstanding advances
500
371
331
to member institutions
mil. of dol
427
315
437
331
333
347
360
331
360
626
New mortgage loans of all savings and loan associa517, 163
354, 194
353, 909
325, 224
414, 783
tions, estimated total
thous. of dol
343, 260
342, 028
300, 906
422, 553
490, 324
527, 967
348, 276
556, 469
By purpose of loan:
105, 784
189, 363
188, 938
Home construction .
_ _
_ do_
102, 151
112, 463
94, 916
107, 335
151, 627
180, 762
101,022
108, 280
143, 950
183, 493
214, 412
141, 059
124, 265
149, 867
155, 915
159, 050
150, 877
128, 398
161, 952
223, 617
Home purchase
do
168, 381
197, 761
248 089
33, 441
34, 443
31, 814
33, 358
32, 041
32, 573
38, 887
Refinancing
do.._
33, 188
39, 717
35, 683
39, 517
42, 093
43, 410
21, 853
Repairs and reconditioning
do
17, 796
15, 735
14, 384
13, 706
19, 510
18, 362
11, 584
17, 895
20, 014
22, 890
22, 461
25 575
All other purposes
do
38, 449
43, 098
37, 423
40, 764
38, 100
43, 212
51, 269
49, 394
53, 073
43, 434
46, 848
50, 433
55, 902
New nonfarm mortgages recorded ($20,000 and
under), estimated total
thous. of dol__ 1,068,813 1, 065, 431 1. 117, 212 1, 114, 041 1, 125, 200 1, 024, 000 1, 003, 090 1, 221, 644 1, 171, 148 1, 377, 918 1, 465, 469 1, 470, 812 1, 624, 913
11.9
14.1
Nonfarm foreclosures, adjusted index 1935-39—100
13.8
14.5
12.8
12.8
11.8
15 3
14 1
13.7
14 6
Fire losses
thous. of dol
48, 914
53, 116
67, 279
58 823
50 150
49, 678
58 340
72 468
58 765
57 116
52 980
61 605
49 878
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
Printers' Ink, combined index
1935-39=100..
Magazines
do
Newspapers
do._ _
Outdoor
do
Radio
do
Tide advertising index .
do
Radio advertising:
Cost of facilities, total
thous. of dol
Automotive, incl. accessories
do
Drugs and toiletries _
do
Electric household equipment
do
Financial
_
_
do
Foods, soft drinks, confectionery
do
Gasoline and oil _. _
do
Soap, cleansers, etc
do
Smoking materials
_
.. _. __ _ _ _ . do
All other§
.
do
270
297
252
284
256
272.2
292
301
286
299
278
293.2
306
294
305
323
289
284.5
305
308
291
320
287
274.1
294
291
286
292
287
256.2
329
326
330
334
300
288.3
315
330
297
328
288
310.3
319
328
307
318
291
314.3
323
327
317
296
288
331
324
325
290
294
333
321
320
328
294
309 5
311 7
309 9
311
316
306
288
273
280.0
15, 855
16, 423
16, 409
17, 092
15, 391
14, 083
12, 160
16, 851
15 918
12 303
16 584 r 15T 154
404
335
486
463
447
720
498
614
407
411
357
288
4,091
3,829
3,544
4,494
4,381
'4,544
4,400
4,564
4,116
3,358
4,438
4,200
189
218
198
181
208
247
198
180
145
167
136
142
284
296
287
298
282
278
260
256
216
249
226
238
r
4,741
4,735
3,073
4,006
4,597
4,463
4,326
4,848
4 347
4 755
4 365
3 513
463
409
377
416
376
407
452
454
409
467
370
391
1,255
1,615
1,754
1,639
1,467
1,547
1,583
1,864
1 949
1 312
1 813
1 794
2,089
2,215
2,165
1,999
1,782
1,743
2,126
2,215
2,068
2,101
1,577
1,831
T
r
r
r
' 2, 286 r 1, 994
' 2, 014 ' 2, 240 r 1, 988
' 1, 338 r 1, 673
2, 064
2, 229
' 2, 116
1, 429
1, 826
r
Revised.
* Preliminary.
JMinor revisions in number of dwelling units beginning January 1947 are available upon request.
cf Data reported at the beginning of each month, are
shown here for the previous month.
*New series. Compiled by the Veterans Administration, representing the amount of small-home loans closed during each month; data prior to August
1949 are available upon request.
§Includes data for apparel and household furnishings, shown separately prior to this issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
S-8
October 19."><)
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August
September
October
1950
November
December
January
Febru-
ary
March
April
June
July
DOMESTIC TRADE—Continued
ADVERTI SING— Continued
Magazine advertising:!
Cost total
thous of dol
Apparel and accessories
do
Automotive, incl. accessories _ . _
- do_ .
Building materials §
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do _.
Beer, wine, liquors §
do
31,495
3, 436
3,330
917
4,284
4,812
1,614
41,729
5,273
3,490
1,789
5,093
5,665
2,002
51, 213
4,919
4,216
2,001
6,397
7,568
2,815
45, 882
3,813
3,438
1,346
6,020
6,693
2,790
36, 921
2,632
2,684
539
4,690
5,271
3,469
29, 184
1,517
2,610
739
4,470
4,951
1,738
39,689
2,706
3,347
1,177
5,863
6,891
2,139
47, 081
4,857
3,934
1.958
6,277
6,338
2,381
52, 148
4,457
4,054
2,675
6,485
7,149
2,416
50 310
4,237
4, 226
2, 499
5, 693
6,582
2,364
42 536
2,832
3,882
1 719
5, 618
6,846
2,024
32 794
884
3 832
1 081
4 844
5,874
I 738
Household equipment and supplies §
do
Household furnishings §
_ _ do
Industrial materials §
do .
Soaps cleansers etc
do
Smoking materials
. _ _ _ _ do
All other
do
1,025
956
1,286
1,040
1.348
7,447
2,129
2,633
1.822
1,441
1,252
9,139
3,326
3,389
2,133
1,606
1, 634
11, 208
2,866
2,827
1,829
1,295
1,416
11, 549
2,502
1,360
1,490
698
1,456
10, 130
739
782
1,259
673
1.201
8,505
1,732
1,358
1,672
1,081
1,129
10, 594
3.252
2,359
2,184
1,189
1,206
11, 147
4,337
3, 361
2.341
1, 232
1,336
12, 304
4,515
3. 282
2,320
1, 238
1,327
12,028
3.615
1.715
2,162
983
1,364
9 777
2.057
697
1,713
884
1,365
7 823
thous. of lines__
3,494
3,921
4,464
3,645
2,838
3.261
3,868
4,270
4,482
3,853
2.974
3,791
3 791
- do
do
do
- do
do. __
do
do_._
170, 504
40, 713
129, 791
8,887
1,609
21, 879
97, 416
197, 858
40, 050
157,808
8,224
1,752
29, 766
118, 066
214. 935
42, 295
172.640
10, 033
2,140
38, 417
122, 051
207, 909
38, 306
169, 603
9,891
2,337
33, 689
123,686
207, 865
36, 061
171, 805
7,330
2,139
26, 337
135, 999
168, 921
37, 157
131 764
10 014
3,237
23 730
94, 783
170, 738
35, 362
135, 376
7,668
1,911
29, 473
96, 324
213, 488
41, 139
172 350
9,240
2,355
35 691
125, 064
215, 753
43, 326
172 427
11, 290
2,316
35, 645
123, 176
220, 211
45, 576
174 636
12, 441
2,469
36, 560
123, 166
209, 093
44, 776
164 317
11,410
2,237
33 876
116, 795
173 092
42, 684
130 409
9 338
2,683
26 048
92, 339
186 524
45 005
141 518
8 969
l' 839
25 431
105 287
3,967
85, 093
4, 175
83, 785
4,557
88, 798
4,409
83, 938
4,844
90, 046
4 531
89 403
4,961
88, 510
5,237
107, 778
4, 932
92, 858
4, 543
90, 363
4 258
84, 983
4,062
83, 459
4 228
88 179
13, 749
203, 946
13, 592
201,534
14, 005
207. 377
14, 397
205, 209
15,096
209, 721
14 463
190 987
12, 694
181 523
15, 973
225 619
13, 354
197 478
14,055
205 818
13,960
202 790
12, 279
183 502
13 842
210 887
Linage, total
Newspaper advertising:
Linage, total (52 cities)
Classified
Display total
Automotive
Financial
General
Retail
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities) :
Number
thousands
Value
___
thous. of doL
Domestic, paid (50 cities) :
Number
_ _ _ _ . . .. -thousands^
Value
thous. of dol
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates: f
Goods and services, total
. bil.ofdol
179.0
180. 6
182.4
184.5
do
do _
do _
do
24 7
10.2
11.0
3 6
25 3
10 4
11.3
3 7
26 9
10 8
12.5
3 6
26 7
11 0
12. 1
36
Nondurable goods, totaL _ ___ _
- - _ do. .
Clothing and shoes
_ ._.do._Food and alcoholic beverages
do
Gasoline and oil
_ do
Semidurable housefurnishings _ __
do _
Tobacco
do
Other nondurable goods _
_ _ do -
97.6
18.0
58 4
4.7
1.8
4.3
10.4
97 9
18. 1
58 3
4 8
1.8
4 3
1 0. 5
97.5
17 7
58 3
4 9
19
4 3
10 5
99.0
18 4
59 0
4 8
1.8
4 2
10 6
Services
Household operation
Housing.. _ _ _ .
Personal service
Recreation
Transportation
Other services
56 6
8.3
17.3
3.7
4 0
5. 1
18.3
57 4
8 5
17.6
3 7
39
5. 1
18.6
58 0
88
17 9
3 7
38
51
18 8
58 8
9 0
18 1
3 7
39
50
19.1
Durable goods, total
Automobiles and parts
Furniture and household equipment-,
Other durable goods
__
_
do
do
_. . do ._
_
-do .
do
_ _ -do . _ _ • - . _ - do.-.
RETAIL TRADE
All types of retail stores:!
Estimated sales (unadjusted), total 9 -mil. of dol__
Durable-goods stores 9
do _ _ _
Automotive group 9
do
Motor -vehicle dealers 9
do
Parts and accessories d"
do
Building materials and hardware group cf
mil. of dol__
Building materialsd".
_ do Farm implements
do
Hard wared*
__ 1
_
do
Homefurnishings group d -- _ _ _ _ . d o _ _
Furniture and housefurnishings cf
do
Household appliances and radios cF~- do
Jewelry stores cf
do
10,630
3,631
2 165
2 019
145
10,998
3,526
2,006
1 872
134
851
563
121
167
541
307
234
75
880
591
114
174
564
316
247
77
11,125
3 596
2 Oil
1 868
143
898
606
116
176
603
333
270
84
10, 872
3 348
1 794
1 650
144
835
569
100
167
621
350
271
97
12,846
3 378
1 588
1 419
170
780
475
85
220
776
424
352
233
9,522
3 061
1 907
1 799
108
619
414
78
127
472
259
212
64
9,281
3 054
1 889
1 783
107
605
400
79
125
496
267
229
65
11, 062
3 736
2 316
2 180
136
779
509
118
152
574
316
258
66
11,072
3 758
2 250
2 110
140
881
569
141
171
554
311
2439
7
11,654
4 200
2 461
2 294
167
1,061
715
145
201
597
354
244
81
11, 957
4 515
2 698
2 521
177
1,133
769
159
205
595
344
251
89
' 12, 313
r 4 755
r 2 881
r 2 610
r
12. 738
4 966
2 854
o 632
r 271
229
1, 117
r 745
1, 245
871
167
205
r 685
r 356
329
79
161
214
781
395
386
85
r 7 558
Nondurable-goods stores 9 - do
6,998
7,472
7.529
7,524
9.468
6 462
6 227
7 314
7 326
7 454
7 442
7 772
r 583
Apparel group d*
do
563
788
835
806
1 208
536
606
762
812
756
747
642
Men's clothing and furnishings d"
do
171
209
118
186
345
165
131
169
179
173
195
140
134
Women's apparel and accessories
do
268
373
390
385
507
242
261
374
361
349
317
'247
304
78
107
121
112
187
Family and other apparelcf
-do
86
75
110
104
104
101
83
89
r H3
99
Shoes
do
136
122
115
168
94
88
149
128
130
134
114
9oq
Drug stores
do
293
295
r 293
288
384
286
272
286
298
291
296
299
Eating and drinking places 9
do. _ _
972
958
961
895
954
875
798
894
893
928
936
Q8S
"•928
' Revised.
^Comparable data on magazine advertising cost (Publishers' Information Bureau, Inc.) are available back to January 1948 only. Beginning with the October 1949 SURVEY, five new com.inents are shown (marked with "§"); the total of the two components "household equipment, etc." and "household furnishings" covers all item
*
' included
' ' ' in ''electric householdems formerly
xpoi
equipment" and "housefurnishings, etc." Revised data for January 1948-July 1949 are available upon request.
§See note marked "t" above.
fRevised series. Estimates of personal consumption expenditures have been revised beginning 1946; revised figures for the grand total and for total durable and nondurable goods and
services are shown as a component of gross national product on p. 31 of the July 1950 SURVEY; revised figures through the first quarter of 1949 for the subgroups will be shown later.
Dollar estimates of sales for all types of retail stores and for chain stores and mail-order houses have been revised for various periods back to 1943 and revisions from August 1948 forward
are shown beginning with the October 1949 SURVEY; specific periods for which the series have been revised are as stated in the notes below. Monthly data for 1946-48 for both sales and inventories of all types of retail stores (unadjusted
and adjusted series) appear on pp. 21-23 of the October 1949 SURVEY. Data prior to 1946 and unpublished revisions are available upon request
9 Revised beginning 1943. rf1 Revised beginning 1948.
SUEVEY OF CUKEENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-9
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
1
RETAIL TRADE—Continued
All types of retail storesf— Continued
Estimated sales (unadjusted), total— Continued
Nondurable-goods stores 9 —Continued
Food group9
mil. of dol,_
Grocery and combination 9
do
Other food 9 _
do
Filling stations __ _
...
_do
General-merchandise group §
do
Department, including mail-order § do
General, including general merchandise
with food
mil of dol
Dry goods and other general merchandised"
mil. of dol._
Variety
do
Other retail stores© __
do
LiquorO do
Other§
do
Food group _
Grocery and combination
__
Other food
Filling stations..General-merchandise group
Department, including mail-order,
Other retail stores _ _
_
2,336
1,855
480
487
986
654
2,300
1,851
449
453
980
647
2,575
2,074
501
512
1,241
844
2,529
2,047
482
523
1,297
857
2,561
2,054
507
573
1,338
893
2,591
2,090
501
581
1, 320
874
2,819
2,289
530
655
1,306
'855
143
178
112
109
128
141
155
155
166
160
136
184
988
157
832
209
377
1,296
258
1,037
92
128
885
125
760
89
135
888
123
766
113
156
1,044
139
905
124
175
968
135
833
129
162
1,001
134
867
129
162
967
130
837
124
-•161
'974
'134
'840
125
169
1,080
134
946
10, 678
3,551
2,094
1,955
139
10, 630
3,334
1,867
1,729
138
10, 503
3,145
1,675
1,534
141
10, 855
3,558
2,077
1,941
136
11, 101
3,742
2,206
2,061
144
11, 125
3,734
2,187
2,038
149
11, 080
3,679
2,130
1,982
148
11, 327
3,886
2,262
2,105
157
11,699
4,179
2,485
2,325
160
' 12, 700
' 4, 679
' 2, 763
' 2, 512
'251
796
515
168
546
302
244
88
781
507
166
583
318
265
93
798
532
165
579
318
261
90
798
524
173
589
334
255
83
800
531
167
592
336
255
89
828
553
168
616
337
278
93
851
572
164
608
337
271
89
880
592
166
576
317
259
93
969
666
176
569
323
247
87
1,026
702
189
576
329
248
92
'1,084
'723
210
'739
'397
342
93
1,142
776
211
762
386
376
101
7,189
695
167
314
97
117
296
915
7,352
738
173
337
104
124
293
916
7,127
709
165
334
99
111
295
904
7,296
762
179
360
104
119
296
900
7,358
747
182
342
104
119
290
937
7,297
756
194
331
107
124
305
917
7,359
735
186
319
104
125
304
930
7,391
740
178
328
105
130
305
912
7,401
753
173
350
107
124
304
915
7,440
765
183
349
108
124
296
906
7,519
770
186
• 350
109
126
305
929
r 8, 021
'778
190
'344
113
131
'295
'911
7,992
789
191
354
111
133
303
931
2,502
1,989
513
528
1,317
881
936
2,540
2,032
508
534
1 , 342
897
989
2, 465
1,964
501
535
1,274
851
945
2,539
2,027
512
536
1,297
859
966
2, 519
2,024
495
538
1, 356
911
971
2,511
1,994
517
541
1,304
867
965
2,563
2,052
511
548
1,298
862
982
2,599
2,092
506
540
1,282
848
1,012
2, 551
2,058
492
534
1,330
892
1,014
2,578
2,071
507
546
1,344
892
1,006
2,604
2,107
496
553
1,376
919
983
2, 754
2,226
528
601
' 1, 605
' 1, 122
' 1, 078
2, 732
2, 196
536
590
1, 523
1, 037
1,124
13, 932
5,333
2,051
14, 355
5,580
2,222
14, 475
5,725
2,317
14, 336
5,548
2,116
13, 698
5, 112
1,740
13, 998
5,352
1,973
13, 800
5, 163
1,776
14, 282
5,259
1,696
14, 138
5, 258
1,622
14, 416
5,437
1,763
1,840
993
449
8,599
1,752
583
398
1,529
324
2,675
1,338
1,869
1,047
442
8,775
1,806
596
411
1,552
327
2,767
1,316
1,870
1,112
426
8,750
1,809
563
396
1,550
301
2,843
1,288
1,865
1,130
437
8,788
1,780
555
411
1,496
287
2,943
1,316
1,798
1,117
457
8,586
1,768
541
416
1,444
277
2, 893
1,247
1,849
1,071
459
8,646
1, 746
567
392
1,489
270
2,943
1,239
1,808
1,124
455
8,637
1,776
579
399
1,504
285
2, 955
1,139
1,889
1,197
477
9,023
1,856
582
420
1,595
315
3,015
1,240
1,939
1,232
465
8,880
1,835
560
396
1,515
310
2,956
1,308
1,993
1,217
464
8,979
1,842
599
393
1,568
332
2,916
1,329
2, 566
2,036
529
551
1,347
913
2,563
2,040
522
567
1,377
929
2,484
1,978
506
533
1,504
1,040
144
146
145
107
156
899
126
774
125
162
974
138
836
130
173
960
148
812
10, 669
3,480
2,081
1,947
134
10, 856
3, 504
2,074
1,942
132
783
501
165
529
299
230
87
do
do
do
do
do _.
do
do
_do
do
do _ _
do
do
do
do
do
Estimated sales (adjusted), total
do
Durable-goods stores _ _ _
_ _ _ _ _ _ do __
Automotive group
do
Motor- vehicle dealers
do
Parts and accessories
do
Building materials and hardware group
mil. of dol. _
Building materials
do
Hardware .
_
do___
Homefurnishings group
do
Furniture and housefurnishings
do _
Household appliances and radios
do
Jewelry stores. _
-do
Nondurable-goods stores
Apparel group
.
Men's clothing and furnishings
Women's apparel and accessories
Family and other apparel ._ .
Shoes.
_
Drug stores
Eating and drinking places
2,823
2,272
551
540
2,264
1,500
2,518
1,997
521
563
1,190
783
Estimated inventories (adjusted), total
do
Durable-goods stores
do
Automotive group. .. _ _
do __.
Building materials and hardware group
mil. of dol__
Homefurnishings group..
do
Jewelry stores
do.. Nondurable-goods stores
do
Apparel group
_.
. . . do _
Drug stores
do
Eating and drinking places
do
Food group
do
Filling stations .
do
General-merchandise group
do
Other retail stores.. _ _
do
Chain stores and mail-order houses:!
Sales, estimated, total 9
do
2,358
2,339
1,872
1,887
2, 331
2,144
2, 307
3, 068
2,267
Apparel group
do
239
159
263
180
236
162
243
249
358
Men's wear
do
25
38
21
40
38
43
65
30
39
Women's wear
_
do
93
119
113
76
124
117
168
73
119
Shoes
do
52
62
59
45
45
79
71
96
65
32
42
Automotive parts and accessories
do
44
43
64
31
42
47
41
Building materials
do
102
112
113
99
63
88
70
75
78
Drug
do
66
63
61
65
67
94
63
66
64
Eating and drinking places
do
49
45
50
53
51
50
50
50
52
21
24
26
29
29
25
Furniture and housefurnishings
___ do .
26
40
20
622
669
1,041
431
598
General-merchandise group
do
562
546
637
415
Department, dry goods, and general mer235
360
chandise
mil. of dol
369
311
330
381
378
228
570
80
Mail-order (catalog sales)
- .
do
73
94
90
105
100
126
140
71
Variety _ _
.
do ^
114
147
132
145
155
108
131
137
317
Grocery and combination
do
812
789
755
849
845
754
778
906
737
Indexes of sales :f
Unadjusted, combined index 9 ... 1935-39 =100..
321. 5
272.0
311.6
281.0
314.9
389. 7
258.9
295.3
306. 0
Adjusted, combined index 9
do
309.4
300.5
302 5
299 8
294 0
301 0
308.1
306 9
306.1
305. 1
301.4
Apparel group cf
do
297.8
291.0
313.0
283. 7
301.0
299.8
293.6
264 7
252.0
245 1
282 3
251.1
250.7
Men's wearcf 1
do
291 9
280 8
228 5
Women's weartf
do
400.9
374. 9
387 8
390. 5
377.4
389.7
383.0
371. 3
396 6
241.8
240.2
Shoescf . .
do
236.5
244.0
232.5
240.6
210.6
224.8
231.1
257.6
266.7
264.0
256.0
238.2
223.9
222.5
244.0
258.8
Automotive parts and
accessories^--do
.
331.1
330.8
321.8
351.8
345. 5
340. 1
336. 0
Building materials d11do
340 5
336 3
224.6
Drug.
.
do
221.3
223.9
220.9
220.7
222.4
215.7
218.1
220.0
212.4
217. 5
209.3
224.9
214.8
Eating and drinking placesd1
do__ .
214.5
211.8
210.7
209.0
251.5
236.9
240.6
Furniture and housefurnishings cf
do
229.4
256.5
242.5
229.3
244.9
248.7
297.0
293.0
286. 9
295.4
290.3
291.8
General-merchandise group d" - -do
294.5
299.3
272.5
Department,1 dry goods, and general mer361. 9
342. 2
363.8
354.5
350.1
358.4
363.8
328.5
346.7
chandised
1935-39=100
248.4
237.9
245.2
251.9
262.9
232 3
255.8
269.4
261 8
Mail-orderc?
do
222.4
226.4
222.3
223.1
235.4
228.1
217.9
225.6
212.1
Variety d1 do
378.8
Grocery and combination.
do
365.
6
356.0
368.3
377.3
361.9
360.8
358.8
368.1
' Revised.
fSee note marked "f" on p. 8-8. Revisions for chain stores and mail-order houses for 1943-July 1948 are shown on p. 23 of the April 1950 SURVEY.
9 Revised beginning 1943.
§Revised beginning 1947.
cf Revised beginning 1948.
©Revised beginning 1945.
' 14, 125
r 14, 720
' 5, 135
' 5, 634
' 1, 948 ' 1, 574
2, 756
2, 209
547
629
1,379
924
12, 686
4,694
2, 689
2,484
204
14, 765
5, 233
1, 633
2,027
1,189
470
9, 086
1,859
618
391
1,625
374
2,852
1, 367
' 2, 021
' 1, 069
'471
' 8, 990
' 1, 835
'594
'420
' 1, 619
'392
2,805
r
1, 325
2,049
1,080
471
9, 532
1,946
601
457
1,758
388
2, 988
1, 394
2,359
238
34
116
68
53
109
64
52
28
610
2,376
234
37
107
70
54
121
65
50
26
621
' 2, 491
'186
24
'91
'56
'81
' 126
'66
51
'29
652
" 2, 472
196
25
98
58
66
139
67
53
34
65(>
377
86
136
833
386
87
137
826
314.1
313.0
304.1
263.6
390.6
239.8
264.6
365.2
215.9
222.4
244.4
300.5
318.7
317.2
300.9
265.3
387.9
235. 4
271.7
396.6
222.0
221.7
243.9
310.3
' 328. 2
r 354. 0
' 301. 8
' 274. 8
' 381. 8
' 237. 8
' 407. 7
' 442. 1
' 221. 2
' 216. 9
' 312. 7
' 369. 2
326. 6
345. 8
316. 3
288.9
393. 5
254. 0
333. 8
439. 6
225. 9
225. 2
314. 9
347. 3
370.4
252.5
224.3
379.1
385.7
265.9
224.0
378.9
' 477. 7
' 339. 9
' 227. 3
410.9
437. 0
309. 7
236. 9
404.2
r
r
420
84
'136
902
397
105
142
847
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1949
August
September
1950
October
November
December
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
1941 average=100__
Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent. _
Instalment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do _
Instalment sales.
do
Sales, unadjusted, total U. S
Atlanta
Boston.Chicago
Cleveland... _ _ _
Dallas
Kansas City. _ _ _
Minneapolis
New York. _
Philadelphia
Richmond . . .
St. Louis
San Francisco }__ -
161
155
182
165
191
175
213
189
285
214
222
209
191
207
185
209
190
212
194
217
194
219
184
230
192
243
51
21
52
20
53
20
54
20
52
20
49
18
47
17
53
19
50
17
52
18
51
17
49
17
51
18
50
40
10
49
42
9
48
42
10
48
43
9
50
42
8
49
42
9
48
42
10
48
42
10
49
42
9
48
43
9
48
43
9
47
41
12
46
42
12
'239
275
242
174
201
'244
280
'314
299
381
248
296
282
404
328
307
243
280
328
335
331
293
395
234
271
274
414
325
314
243
279
314
331
339
339
425
292
324
332
442
347
310
293
355
378
378
358
481
642
418
438
465
662
505
438
401
472
541
504
565
216
285
185
205
215
313
228
188
183
197
218
232
251
224
322
177
204
217
327
244
210
183
207
234
252
273
257
359
207
241
256
362
277
229
208
255
283
285
291
285
389
241
269
290
393
304
278
225
276
313
316
321
286
378
228
280
296
391
306
273
221
275
315
323
319
281
345
230
278
281
353
296
272
230
271
306
293
321
' 283
386
185
271
284
429
'340
276
192
239
285
326
387
9 281
373
9 197
278
290
399
9 326
286
202
239
287
318
P 351
do
do
do
do
do
do
do
do
do
do
do
do
do _ _
'284
360
234
276
269
374
299
269
'238
268
'305
326
333
289
867
241
282
279
374
312
276
238
277
306
332
326
276
376
211
258
259
387
301
278
223
260
295
309
337
277
367
234
262
266
371
299
267
227
267
305
300
319
293
382
239
281
283
404
322
293
237
276
311
330
339
282
376
244
274
290
396
300
246
229
267
300
282
316
280
383
229
262
271
409
301
284
220
276
299
300
323
274
374
216
265
270
389
298
250
217
262
288
297
321
292
397
244
269
299
401
307
277
235
281
323
319
333
290
390
231
277
299
403
309
268
226
270
320
330
336
298
392
240
278
299
410
322
'283
242
285
332
326
342
362
494
268
330
364
537
414
342
274
'331
393
418
454
9 335
415
9 266
335
334
449
9 355
319
277
319
359
370
9 373
do
do
254
'254
274
263
297
270
305
273
244
271
244
272
267
279
290
285
294
286
289
285
267
276
259
268
9 285
9 284
280, 233
95, 517
184, 716
316, 387
106, 735
209, 652
315, 329
112, 398
202, 931
327, 785
115, 727
212, 059
434, 472
150, 420
284, 053
202, 617
61, 458
141, 160
206, 104
63, 805
142, 299
268, 483
85, 639
182, 845
291, 580
94, 751
196, 829
311, 492
97, 705
213, 787
317, 043
96, 389
220, 654
356, 756
104 957
251,799
339, 478
112,568
226, 910
263.5
235.9
289 4
250.3
305.4
287.4
269 0
322.3
270 3
313.2
317.3
285.3
354.6
305.1
338.4
286.9
275 1
311.6
283 6
295.8
318.4
278.7
384.0
297.6
352. 1
266.2
232.2
300.5
253.3
313.3
369.4
371.7
445 2
345.5
363.6
285.0
266 1
325.4
262 9
290.0
442.1
408.2
484.4
417.1
509.9
312.2
282 5
350.3
281 1
325.2
212.7
191.8
241 6
203. 0
231.1
281.0
253 0
302.0
270 7
314.0
229.0
207.9
270 7
208.4
237.5
273.6
242 3
294.2
260 5
317.9
258.7
246. 5
290.2
247.9
269.2
273.2
246 5
305.5
260.9
299.1
264.8
249.0
287.0
248.4
290.9
276.7
250 5
312.6
254.5
311.1
257.6
239.8
273 8
247.5
278.4
287.2
267 0
330.3
279 3
310.7
271.1
259.6
283 4
261.7
315.9
305.6
299 1
346.0
285.7
349.1
268. 0
231 3
286 3
258 6
' 335. 3
363 6
346 3
409 6
346 2
r 41Q Q
307.2
271.2
327.2
293.4
367.5
335.0
309.2
364.4
316.8
376.9
5,551
1,737
3,814
6,873
2,848
4,025
5,851
1,843
4,008
7,002
2,820
4,182
5,769
1,842
3,927
7,007
2,736
4,271
5,904
1,762
4,142
7,019
2,733
4,286
5,685
1,688
3,997
6,888
2,757
4,131
5,165
1,457
3,708
6,983
2,849
4,134
5,035
1, 583
3,452
7,054
2,908
4,146
5,715
1,882
3,833
7, 216
3,022
4,194
5,113
1,816
3,297
7, 256
3,094
4,162
5,599
2,052
3,547
7,263
3,153
4,110
5,743
2,149
3,594
7,208
3,171
4,037
' 6, 344
2,415
' 3, 929
' 6, 999
' 2, 990
' 4, 009
7,335
2,866
4,469
7,277
2,878
4,399
1935-39= 100. _
• do
do
do __
do
do
_.
do
do
do __
do
do
do
do
Sales, adjusted, total U. S.}
Atlanta J
Boston
__
_
Chicagot
Cleveland}
.Dallas t
Kansas City}_
Minneapolis}
N e w York}
_ _ _ _ _ _
Philadelphia}
Richmond}
'
_ _ _
St. Louis
San Francisco}-.. __ _
„_ . _ _ _
Stocks, total U. S., end of month:}
Unadjusted
Adjusted
.__
Mail-order and store sales:
Total sales, 2 companies _ _ _ _ _ .thous. of dol__
Montgomery Ward & Co
do
Sears, Roebuck & Co_ _ _
, do
Rural sales of general merchandise:
Total U. S., unadjusted
1935-39=100-.
East
_
do
South
do
Middle West
do _
Far West
do
Total U. S., adjusted
do __
East
do
South
_ _
do
Middle West
do
Far West.. _
do
WHOLESALE TRADE
Service and limited-function wholesalers:}
Sales, estimated (unadj.), total
mil. of dol__
Durable-goods establishments.- __
do_ __
Nondurable-goods establishments
do
Inventories, estimated (unadj.), total
do__ _
Durable-goods establishments
do
Nondurable-goods establishments _ _ __do
324
173
229
234
333
r
•
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States :§
Total, including armed forces
__ thousands _
Civilian population.
_
do
149, 452
147, 983
149, 703
148, 244
149, 947
148, 502
150, 183
148, 747
150, 397
148, 966
150, 604
149, 196
150, 808
149, 442
150, 998
149, 653
151, 188
149, 859
151, 358
150, 037
151, 553
150, 242
151, 772
150 457
152
150,
EMPLOYMENT
Employment status of noninstitutional population:
Estimated number 14 years of age and over,
total «
thousands
Male
do
Female
do
109, 760
53, 939
55, 821
109,860
53, 984
55 876
109, 975
54, 036
55, 939
110 063
54, 075
55 988
110 169
54, 121
56 048
110 256
54, 160
56 096
110 344
54, 196
56 148
110, 442
54, 238
56 204
110 536
54, 279
56 257
110 608
54, 308
56 300
110 703
54, 350
56 353
110 806
54 395
56 411
110
54
56
Total labor force, including Armed Forces- do
Armed Forces- __ _ _
do
Civilian labor force, total
do
Male...
_
do
Female
do
65, 105
1,468
63,637
45, 163
18 474
64, 222
1,459
62, 763
44, 319
18 444
64, 021
1,445
62, 576
43, 988
18 588
64, 363
1 436
62, 927
44 099
18 828
63, 475
1,430
62, 045
43, 765
18 280
62, 835
1,408
61, 427
43 715
17 712
63, 003
1 366
61, 637
43 769
17 868
63, 021
1,346
61, 675
43 879
17 796
63, 513
1,330
62, 183
44 120
18 063
64, 108
1 320
62, 788
44 316
18 472
66, 177
1 311
64, 866
45 429
19 437
65, 742
1 315
64 427
45 708
18 719
66
1
64
45
19
do
do
do
do
do
do
59 947
42, 644
17 303
8,507
51, 441
3,689
59 411
42, 085
17 326
8,158
51, 254
3,351
59 001
41, 426
17 575
7,710
51,290
3,576
59 518
41 783
17 735
7 878
51, 640
3 409
58 556
41 293
17 263
6 773
51, 783
3 489
56 947
40 453
16 494
6 198
50, 749
4 480
56
40
16
6
50
4
953
343
610
223
730
684
57 551
40 877
16 674
6 675
50, 877
4 123
58 668
41 492
17 176
7 195
51, 473
3 515
59
42
17
8
51
3
731
186
545
062
669
057
61 482
43 229
18 253
9 046
52, 436
3 384
61 214
43 582
17' 632
8 440
52' 774
3 213
62
44
18
g
54
2
_ _do
44. 655
45. 638
45. 953
45. 701
46. 694
47. 420
47. 342
47. 422
47. 024
46. 500
44. 52fi
45. 064
44
44,718
Employed
Male. Female
Agricultural employment
Nonagricultural employment
Unemployed
Not in labor force _ _
___
' Revised.
9 Preliminary.
^Revisions in the adjusted indexes of department-store sales for various periods prior to 1949 are shown for the indicated districts (except New York, Richmond, and San Francisco) on
p. 24 of the April 1950 SURVEY; revised data for San Francisco for 1919-48 appear on p. 21 of the May 1950 SURVEY; revisions for New York and Richmond for 1946-January 1949 are available
upon request. Current revisions for Dallas are tentative, pending completion of the revision for earlier periods. Department-store sales and stocks for the U. S. reflect all revisions in data
for the districts and, therefore, are subject to further revision. Figures for wholesale trade have been revised back to 1939; monthly figures for 1946-48 and annual data beginning 1939 are shown
on pp. 18-20 of the October SURVEY; unpublished revisions are available upon request.
§Data for 1947 and 1948 have been revised; revisions prior to August 1948 are available upon request.
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-ll
1950
1949
August
September
October
November
December
January
February
March
May
April
July
June
August
EMPLOYMENT AND POPULATION—Continued
EMP LO YM ENT—Con tinned
Employees in nonagricultural establishments:!
Total, unadjusted (U. S. Dept. of Labor)
thousands..
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total
__ _ _
do _
Metalcf __do_. _
Anthracite
do
"RitiiminoTis coalcf
do
Crude-petroleum and natural-gas production
thousands.
Nonmetallic mining and quarrying
do
Contract construction.
do
Transportation and public utilities
__do__ _
Interstate railroads _
do
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade
_ _
do
Wholesale trade
_ do._
Eetail trade
do
General-merchandise stores
do
Food and liquor
do
Automotive and accessories dealers- _do
Finance
do
Service._ _
do
Hotels and lodging places
do
Laundries. _ _
_
.
do
Cleaning and dyeing plants
do
Government
..
do
Total, adjusted (Federal Reserve) .-Manufacturing
Mining _
Contract construction
Transportation and public utilities
Trade
Finance._
Service
Government- _
do.
do
do
.do
do
do
do
do._
do
Production workers in manufacturing industries :f
Total (U. S. Dept. of Labor) _ _ . ... thousands
Durable-goods industries
do
Ordnance and accessories _ _ . _
do. _
Lumber and wood products (except furniture)
thousands
Sawmills and planing mills
do
Furniture and fixtures _
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills.. ...
thousands
Primary smelting and refining of nonferrous metals
. thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. _
Heating apparatus (except electrical) and
plumbers' supplies.
thousands
Machinery (except electrical) _
do
Electrical machinery
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs. . .do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
42, 994
14, 114
7,302
6,812
956
100
76
418
43, 466
14, 312
7,409
6,903
42, 601
13, 892
6, 986
6,906
42, 784
13, 807
7,050
6,757
948
98
76
415
593
70
76
94
917
89
77
401
263
99
2,341
3,992
1,375
157
633
52
521
261
256
99
2,341
3,959
1,339
96
2,313
3,871
1,257
157
625
50
519
2,515
6,698
1,337
1,181
688
1,780
4,836
504
358
144
5,763
43, 694
' 14, 031
7,303
6,728
r
41, 661
13, 997
7,324
6,673
42, 926
14, 162
7,548
6,614
940
97
76
420
861
98
76
348
42, 295
14, 103
7,418
6,685
595
98
76
83
938
98
. ?7
423
939
99
75
419
255
253
251
250
249
251
94
2,088
3,930
1,333
154
612
48
513
89
1,919
3,869
1,316
153
608
47
512
89
1,861
3,841
1,290
156
619
49
514
96
2,244
3,892
1,281
155
616
48
514
90
1,907
3,873
1,315
151
607
46
512
95
2,076
3,928
1,356
150
609
47
513
9,409
2,538
6, 871
1,432
1,192
692
1,771
4,833
475
356
147
5,893
9,505
2,554
6,951
1,489
. 1,200
696
1,767
4,794
451
350
147
5,866
9,607
2,538
7,067
1,588
1,208
704
1,766
4,768
445
348
145
5,783
10, 156
2,542
7,614
1,987
1,217
717
1,770
4,738
9,152
2,495
6,657
1,360
1,185
700
1,777
4,696
6,041
9,246
2,511
6,735
1,392
1,187
701
1,772
4,701
428
347
141
5,777
430
345
140
5,742
9,206
2,484
6,722
1, 392
1,192
699
1,791
4,708
431
346
141
5,769
9,346
2,477
6,869
1,466
1,200
706
1,803
4,757
441
347
146
5,915
42, 864
13, 979
43, 068
14, 108
42, 163
13, 706
42, 385
13, 695
42, 710
13, 922
42, 544
14, 016
42, 246
14,021
42, 764
14, 130
43, 272
14, 297
949
2,167
3,947
9,420
1, 762
4,788
5,852
943
2,188
3,939
9,453
1, 780
4,785
5, 872
591
2,203
3,877
9,386
1,785
4,770
5,845
917
2,200
3,895
9,303
1,784
4,768
5,820
940
2,131
3,930
9,426
1,788
4, 762
5,811
867
2,109
3,901
9,367
1,781
4,748
5,784
604
2,091
3,874
9,323
1,786
4,768
5,779
944
2, 096
3,906
9,341
1,791
4,780
5,776
942
2,163
3,948
9,432
1, 794
4,781
5,915
11, 561
5,947
11, 775
6,060
11, 368
5, 651
11, 289
5,719
11, 504
5,961
11, 460
5,982
11, 549
6,070
11, 597
6, 195
18
18
18
17
17
11, 449
6,000
17
17
18
18
686
414
263
412
107
932
684
416
277
414
107
938
689
414
284
411
108
559
692
413
283
411
108
743
682
404
289
412
107
955
642
381
289
403
106
963
652
386
297
4C8
103
978
677
399
301
410
109
982
692
410
303
419
113
1,007
r I 026
498
499
131
325
507
511
512
507
523
529
538
542
41
42
39
38
41
43
45
45
45
46
46
45
688
708
677
666
688
693
698
709
722
742
769
'770
100
110
116
113
111
107
112
114
935
531
922
548
986
666
188
69
53
174
383
908
546
898
582
184
71
51
174
381
929
559
896
585
184
69
50
173
361
937
561
978
675
184
66
46
172
345
960
573
872
567
184
68
45
171
356
981
580
879
576
184
67
44
172
361
118
1,003
9,213
927
507
998
678
185
80
47
169
347
1,017
686
191
74
56
172
366
443
347
143
152
607
46
511
5,715
5,717
5,614
Nondurable-goods industries. .
do .
5,543
5,570
5,449
5,478
5,479
1,340
Food and kindred products
do
1,273
1,185
1, 139
1,350
1,078
1 060
1 055
230
Meat products
do
236
242
251
244
229
232
228
110
104
Dairy products _.
. do..
116
96
95
99
97
99
322
Canning and preserving.
_
do
232
160
136
117
339
109
110
194
196
199
Bakery products
do
190
195
186
188
190
157
141
149
146
165
Beverages
do.
135
134
139
94
92
91
87
Tobacco manufactures. . .. _ _
do..
89
85
81
78
1,132
1,092
1,168
1,184
Textile-mill products ..
do
1,187
1, 177
1 183
1 183
547
Broad-woven fabric mills
do
565
572
574
530
574
568
571
211
219
227
Knitting mills
do
230
227
223
221
223
Apparel and other finished textile prod1,082
1, 083
1,040
ucts
thousands..
1,028
1,040
1,032
• 1,058
1,065
133
131
129
127
Men's and boys' suits and coats
do
118
130
136
135
Men's and boys' furnishings and work
246
252
clothing
thousands
247
241
235
251
244
245
319
308
Women's outerwear. _
.
do
296
306
280
302
315
305
384
371
392
Paper and allied products
do
393
390
385
386
389
197
191
Pulp, paper, and paperboard mills. . .do
200
201
200
199
200
200
Printing, publishing, and allied industries
495
500
486
501
thousands ..
500
493
496
495
144
144
141
Newspapers
do
142
145
145
146
145
163
161
Commercial printing.
do
166
165
168
167
165
165
r
Revised.
P Preliminary.
fRevised series. Beginning with the October 1949 SURVEY, the indicated series on employment, payrolls, and hours and earnings have
43, 311
' 14, 413
' 7, 809
r
6, 604
'940
r
43, 952
14, 667
' 7, 968
r
6, 699
'947
100
76
413
102
75
411
••254
97
r 2, 245
r
3, 885
' 1, 296
149
611
47
516
'259
100
' 2, 416
4,023
1,407
r
r
9, 326
' 2, 479
T
6, 847
r 1,412
T
1, 204
714
1,812
4,790
451
'•354
150
5,900
r
147
615
47
522
9, 414
' 2, 501
' 6, 913
' 1, 412
1,206
731
1,826
' 4, 827
'476
362
156
5,832
' 44, 062 *> 44, 939
' 14, 763 "15, 385
' 7, 976 ' 8, 282
' 6, 787 p 7, 103
'922
p962
103
P104
74
'382
r
595
899
595
185
67
44
174
363
5,402
1 065
223
103
120
191
141
76
1 172
573
218
11 841
6 456
r
19
723
430
'303
r
432
116
119
1 022
'606
'1 045
r
736
185
67
48
176
r 362
5 385
1 090
227
108
r 127
193
r 146
76
'12,070
6 598
19
101
' 2, 524
' 4, 058
1,415
9,374
2,524
6,850
1,370
1,205
'745
1,832
4,848
507
364
151
5,741
' 747
444
302
122
1 034
' 615
' 1 077
763
187
69
49
' 180
367
5 472
1 142
' 233
r H4
r 15Q
191
r 157
75
'439
p 5 798
P 44, 848
p 15 304
p 954
p 2, 397
P 4 053
P 9, 638
P 1 819
P 4 795
P 5 888
P 778
p 316
p 459
114
r 1 055
p 1 089
P810
120
' 1 032 P 1 064
T 623
p 665
' 1 068 p 1 106
754
189
68
48
T igo
r 357
P 186
p 392
T 5 548
p 5 849
p 1 307
r 1 229
235
116
221
194
163
r 75
p 79
' 1 159 p 1 213
162
r 1 173
573
213
581
211
1,003
132
••976
129
'975
135
'977
127
241
272
391
201
r 239
254
392
202
237
246
400
205
230
263
397
204
497
148
498
149
165
501
150
164
'500
150
166
165
r I
v 9, 426
v 2, 560
? 6 866
* 1, 385
f 1 202
"744
p 1 837
P 4, 843
' 12, 140 P 12 733
'6 592 P 6 884
19
p 19
r 742
441
118
P103
v 2, 589
p 4r 099
148
619
47
528
'441
'303
' 1 051
p41Q
262
' 44, 007 ' 44, 208
43, 607
' 14 634 ' 14, 794 ' 14 945
'941
' 943
'915
r
2, 223
' 2, 301 ' 2, 359
r
3,995
' 4, 018
3, 888
' 9, 459
' 9, 535 r 9, 539
1 803
1,808
' 1 805
' 4, 779 ' 4, 776
4,790
5 869
5 852
5 851
573
209
P 1, 074
P 411
"501
been revised to incorporate three major changes:
pp. 17 and 24 of the September 1950 SURVEY; production workers in nondurable-goods industries are shown on pp. 23-24 of this issue of the SURVEY.
later.
cTRevisions for August 1948-June 1949 are shown in note at bottom of p. S-ll of the September 1950 SURVEY.
r
42, 125
13, 980
7,342
6,638
Unpublished revisions will be shown
SURVEY OF CURRENT BUSINESS
S-12
October 1950
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
1
July
August
EMPLOYMENT AND POPULATION-Continued
EMPLOYMENT—Continued
Production workers in mfg. industries!— Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Chemicals and allied products
thousands-Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining -_- do__ _
Rubber products
do
Tires and inner tubes
do
Leather and leather products
_
do
Footwear (except rubber)
do
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) t
1939 =100 ..
Manufacturing production-worker employment
index, adjusted (Federal Reserve)t
1939=100--
458
135
190
150
180
81
356
234
478
140
189
149
167
64
354
230
488
141
185
148
187
81
349
224
485
143
188
148
186
81
332
208
484
144
185
146
187
82
343
224
480
144
184
145
187
83
348
231
485
144
183
144
188
83
357
235
487
145
182
143
189
83
357
235
490
146
176
136
191
84
341
222
485
148
177
136
194
86
335
218
141.1
143.7
138.8
137.8
140.4
139.8
139.9
141.0
141.6
144.5
' 147. 3
' 148. 2
P 155. 4
139.6
141.3
136.6
136.5
139.0
140.2
140.2
141.2
143.1
147.2
148.9
' 150. 5
P 154. 6
320, 842
143, 585
125, 032
310, 606
137, 971
122, 022
278, 309
107, 399
120, 798
240, 059
72, 406
117, 596
220,000
54,603
115, 154
217, 821
52, 854
114, 714
228, 932
63, 347
114, 891
250, 272
82, 362
116, 980
1,846
211
1,835
211
1,829
213
1,801
213
1,801
213
1 1, 940
1214
1 1, 939
1214
i 1,851
1
213
Miscellaneous employment data:
Federal and State highways, total§_ .... number. . 327, 536
146, 144
Construction (Federal and State)
do
128, 631
Maintenance (State)
do
Federal civilian employees:
1,915
United States
_
thousands _
214
District of Columbiacf
do
Railway employees (class I steam railways) :
Total
_thousands. _
1,231
Indexes:
117.8
Unadjusted
1935-39—100
115.4
Adjusted
do
PAYROLLS
Manufacturing production-worker payroll index,
323.0
unadjusted (U. S. Dept. of Labor) f... 1939= 100LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :t
39.1
All manufacturing industries
hours. .
39.3
Durable-goods industries
do
39.7
Ordnance and accessories
do
Lumber and wood products (except furni40.7
ture)
hours _
40.8
Sawmills and planing mills
do
40.5
Furniture and fixtures .
do _
39.6
Stone clay, and glass products
do.
39.0
Gla^s and glass products
do
37.6
Primary metal industries
do_
Blast furnaces, steel works, and rolling
37.6
mills
hours
Primary smelting and refining of nonferrous
39.4
metals
hours
Fabricated metal prod, (except ordnance, ma39.6
chinery, transportation equipment) hours. _
Heating apparatus (except electrical) and
39. 5
plumber's supplies
hours
39.1
Machinery (except electrical) _
_ _ _ do _ _ _
39.1
Electrical machinery
do
39.7
Transportation equipment
do
39.8
Automobiles
do
40.2
Aircraft and parts _
do
37.3
Ship and boat building and repairs, do
38.4
39.0
Instruments and related products
do
38.9
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products
Meat products
__
Canning and preserving
Bakery products
Beverages
Tobacco manufactures
Textile-mill products -
do _
do
do
do
do
do
do
do -
Knitting mills
do
Apparel and other finished textile products
hours ._
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
hours
"Women's outerwear
do
Paper and allied products _
do_
Pulp, paper, and paperboard mills, __do
Printing, publishing, and allied industries
hours. _
Newspapers
do
Commercial printing
do _
Chemicals and allied products
do
Products of petroleum and coal
Petroleum refining
Rubber products
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
_
do
do
do.. .
do
do
do
1,886
213.
483
150
181
138
199
88
343
224
M79
151
182
139
'199
87
' 351
230
* 492
P 189
P 210
P 373
' 282, 425 ' 312, 091 319, 764
' 108, 956 'r 129, 051 133, 861
121, 802
128, 470
130, 168
11,819
1214
i 1, 839
1215
U,913
1
218
' 1, 279
P 1.303
1,196
1,116
1,141
1,183
1,180
1,154
1,177
1,221
1,163
' 1, 272
114.2
111.5
1C6.9
103. 4
109.2
108.2
112.7
114. 5
112.8
117.3
110. 3
113.0
112.5
115.3
116.7
iisre
111.0
111.5
'121.6
* 122. 1
' 120. 0 P 119. 5
335.1
320.9
313.9
329. 3
329.2
330.0
333.5
337.2
348.0
361.9
367.2
39.6
39.6
40.3
39.7
39.9
40.3
39.1
39.0
40.2
39.8
40.1
40.7
39.7
40.0
40.2
39.7
40.1
40.4
39.7
40.2
40.6
39.7
40.7
40.6
^39. 9
MO. 8
40.7
40.4
41.3
40.7
MO. 5
Ml.l
'42. 2
P 41.2
T 41.7
P 43. 0
40.7
40.6
41.0
39.6
38.2
37.6
41.7
41.6
41.7
40.4
39.5
37.5
41.0
41.0
41.2
40.0
39.2
36.4
41.3
40.8
42.2
40.3
39.7
39.4
39.2
38.3
41.1
39.8
39.7
39.5
39.8
39.4
41.7
40.0
40.0
39.6
40.4
40.1
41.7
40.1
40.1
38.9
40.7
40.5
41.3
40.4
40.2
40.4
MO. 7
MO. 5
41.2
40.8
MO. 5
40.5
41.7
41.7
41.7
Ml.l
40.2
40.8
Ml. 2
40.9
Ml.O
MO. 7
39.3
MO. 7
P 42.8
P 41.7
39.7
39.9
40.9
40.1
37.1
34.0
34.4
39.3
39.3
39.3
37.5
40.0
39.7
39.6
40.7
39.4
40.5
41.3
40.4
40.7
40.8
40.8
40.3
p 124.6
P 122.0
P 42.0
P 41.2
40.2
40.1
39.2
40.5
40.3
40.3
40.7
40.7
41.4
Ml. 2
40.3
39.3
40.0
40.1
40.4
40.6
37.7
38.1
39.5
40.2
41.4
40. 4
39.1
39.0
40.5
36.4
38.5
39.8
40.7
40.0
38.5
40.0
37.3
36.2
41.5
34.8
38.3
40.0
40.9
40.5
39.7
40.6
38.9
38.2
41.2
38.4
38.7
40.0
40.9
39.7
39.8
40.5
40.5
40.9
40.7
37.8
38.0
39.7
40.2
39.7
40.3
40.4
39.7
39.6
40.7
37.5
39.4
39.9
40.2
40.0
40.6
40.5
40.2
40.4
40.5
38.2
39.2
40.0
40.2
39.9
41.0
40.6
41.3
42.2
40.3
37.9
39.2
40.0
40.2
MO. 3
41.3
40.8
41.0
41.4
40.8
38.4
r
39. 8
MOM
' 40. 3
40.7
41. 5
40.4
M2.0
M2.9
40.6
38.3
39.2
41.0
40.4
41.2
Ml. 6
MO. 6
Ml. 9
42.6
41.1
38.1
39.1
Ml.O
'40.4
38.9
41.7
41.0
45.0
40.8
41.5
41.4
38. 7
37.6
37.6
37.0
39.6
41.8
41.6
44.4
40.1
42.1
40.7
38.9
38.6
38.5
37.8
39.6
41.7
41.1
44.2
40.0
41.6
40.5
38.2
39.4
39.6
38.9
39.3
41.6
42.9
43.9
37.1
41.4
40.1
38.0
39.5
39.8
38.4
39.5
41.4
43.4
44.1
36. 6
41.3
39.7
38.0
39.8
40.3
37.6
39.4
41.4
42.9
44.5
38.2
41.1
39.7
38.0
39.4
40.0
36.8
39.3
40.7
40.4
43.8
37.7
41.6
40.0
36.2
39.6
40.1
37.2
39.2
40.7
40.3
43.7
36.8
41.5
40.1
36.7
39.2
39.8
37.0
38.5
40.4
39.8
43.9
36.3
41.2
40.7
35.5
37.8
38.4
35.0
38.9
41.0
40.7
44.3
'37.2
41.6
Ml. 1
'36.7
37.9
38.5
35.0
'39.4
41.8
41.3
45.0
38.8
41.9
M2.0
38.3
'38.7
39.1
36.3
39.8
'42. 3
41.8
45.4
41.4
41.6
42.8
'38.4
'39.0
39.5
37.0
P 40. G
P 42.3
35.7
33.5
36.8
35.4
36.5
34.3
35.7
32.9
35.9
34.7
36.0
35.4
36.7
37.0
36.4
37.5
35.2
35.5
35.7
36.7
35.8
36.8
'36.3
37.0
P 38.0
36.4
34.2
41.8
42.. 6
36.9
35.8
42.6
43.0
37.5
34.2
43.1
43.7
36.8
33.6
43.0
43.6
36.8
34.5
42.9
43.6
36.2
35.0
42.2
43.0
36.4
35.9
42.5
43.4
36. 2
35.4
42.6
43.4
35.5
34.5
42.3
43.2
35. 9
34.6
42.3
43.2
36.2
33.7
43.1
43.8
36.3
34.8
M3. 4
44.2
p 44.0
38.5
36.8
39. 6
40.5
39.2
40.3
39.8
38.3
36. 0
37. 2
36.7
39.1
37. 5
39.9
41.4
39.8
41.1
40.5
40.3
39.1
36.8
36.0
38.6
37.5
39.5
41.7
39.9
41.0
40.3
39.4
37.3
36.5
35.1
38.6
37.2
39.3
41.5
40.0
4C.O
40.0
38.4
36.9
35. 1
33.3
39.3
38.1
40.3
41.6
40.2
39.9
39.7
39.2
37.3
37.1
36.2
38.5
36.5
40.0
41.3
4C.3
40.7
40.7
39.4
38.4
37.7
37.4
38.2
36.3
39.3
41.1
40.0
39.8
39.6
39.2
38.3
38.1
37.8
38.6
36.8
39.6
41.1
40.0
39.7
39.6
39.3
37.4
37.9
37.4
38.6
37.1
39.4
41.2
40.1
40.8
40.5
40.0
39.0
35.8
34.7
38.7
37.3
39.8
41.2
40.5
40.6
39.9
41.1
41.1
35. 4
34.2
38.7
37.1
39.6
41.3
40.7
41.0
40.2
41.2
40.0
37.4
'36.6
•3O 2
P 41.8
P 41.8
P 41.6
v 41.9
•P 41.0
P 41. n
P 39.9
P 40.6
38.6
P 38.7
36.6
39.6
Ml.l "~p~41.~7~
40.6
p 41.2
Ml. 7
41.0
P 41.6
41.3
40 2
P 39.4
'38.1
37.7
i Datalor'the United States (for March-August 1950, respectively) include decennial census temporary employees as follows: 145,100; 130,900; 48,500; :2,500; 8,400; 9,500. The number of such
employees is not available for the District of Columbia.
.
. .
t
fRevised series. See note marked "t" on p. S-ll.
§Total includes State engineering, supervisory, and administrative employees not shown separately.
cTData beginning December 1949 include-all of Fairfax County, Virginia, and Montgomery and Prince Georges Counties, Maryland.
SURVEY OF CUERENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-13
1950
1949
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker, etc. f— Continued
Nonmanufacturing industries:
Mining:
Metal
hours
Anthracite
._
_ _
do
Bituminous coal
__do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours Nonmetallic mining and quarrying
do __
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
.
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
_ _ ..do .
Food and liquor
__
do
Automotive and accessories dealers do
Service:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants. _. __
do
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- .
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 ratex total
do
Discharges
do
Lav-ofls
do
Quits
.
do
Military and miscellaneous
. do
39.5
23.4
26.1
39.6
31.8
27.0
40.1
39.2
31.9
35.7
35.7
34.1
41.6
22.0
25.4
42.0
23.9
24.5
41 9
20.6
25.4
41 1
41.5
39.2
41 6
29.0
36.0
r
41.6
'34.7
••34.1
'41 5
32.6
'34.8
41 6
34.6
34.2
40.1
44.3
38.7
42.4
37.2
40.4
43.2
37.7
40.9
36.5
41.2
44.2
38.3
41.8
36.9
40.0
42.7
37.1
39.9
36.1
40.0
42.4
36.4
38.3
35.8
41.8
41.4
35.2
37.4
34.8
40.0
41.4
34.3
37.8
33.7
39.8
41.6
35 1
38.7
34 5
41.2
43.6
36 6
40.9
35 6
'40.0
'44.4
r
37.3
40.7
'36.5
39.9
45.2
37.9
41.8
' 37.0
41.9
44.8
37.9
41.2
37 0
44.7
38.4
45.1
41.4
44.3
38.6
44.5
41.4
44.2
38.7
44.5
41.7
44.1
38.8
43.7
41.5
44.5
38.4
43.7
41.8
44.2
38.5
44.1
41.7
44.4
38.6
44.1
41.4
44.4
38 5
44.1
41 2
44.5
38.7
44.6
41 3
'44.8
38.9
45.4
41.3
45.2
39.1
44.9
41.5
44.7
39.4
45.0
41.6
40.7
40.7
40.9
40.6
40.9
40.6
40 3
40 3
40 1
40.4
40.6
40 9
37.2
41.1
45.6
36.6
40.2
45.5
36.4
40.3
45.9
36.3
40.1
45.6
38.1
40.3
45.8
36.9
40.0
45.8
'36.8
40.1
45.3
"•36.5
40 0
45.8
'36.1
40 1
45.8
'36.4
'40.1
r
45.9
'37.2
40.9
'45.8
37.9
41 5
45.8
44 2
40.8
39.5
44 1
41.2
41.7
44 2
41.1
41.1
44.0
40.9
40.9
43 8
41.2
41.0
43 9
41.5
41.2
43 8
40 8
39.9
43 8
41 0
40.6
44 0
41 0
40.4
44 1
'41 7
43.0
43 9
42 1
43.2
43 9
41 6
41.4
365
134
287
507
256
570
197
57
170
46
225
185
210
75
260
80
400
160
450
325
425
260
425
225
350
643
232
2,140
.3
536
603
6,270
.9
475
977
17, 500
2.5
388
914
6,270
.9
323
417
1,350
.2
340
300
2,600
.4
325
515
7,850
13
400
530
3,750
5
550
300
3,150
5
650
500
3,000
4
650
400
2,750
4
650
400
2 900
4
800
465
2 900
4
560
452
466
416
350
312
305
289
368
406
489
494
486
624
1,252
8,353
1,013
7,084
1,363
8,363
1,545
7,584
1,630
8,259
1,725
9 000
1,240
8 068
1,294
8 261
1,543
6 656
1,367
6 702
1,104
5 827
971
5 114
641
4 414
1,952
170, 629
1,744
154, 079
1,528
135, 707
1,698
152, 170
1,889
170, 580
2 078
186, 383
2 027
167 212
2 098
187, 215
1 559
138 969
1 567
138' 778
1 388
119 430
1 158
99 714
980
89 681
52
936
113
24, 135
31
385
83
8,775
31
265
62
5,467
29
268
60
5,291
29
280
61
5,474
29
289
66
5,753
23
258
63
5,069
20
275
58
5,713
14
187
43
3,838
14
160
33
3, 185
18
128
27
2, 526
13
112
25
2,209
9
92
19
1,988
4.4
4 0
.3
18
1.8
.1
4.1
4.2
.2
18
2. 1
.1
3.7
41
.2
2 3
1.5
.1
3.3
4 0
.2
2 5
1.2
.1
3.2
3 2
.2
19
1.0
.1
3.6
31
2
17
11
.1
3.2
30
2
17
10
1
3.6
2 9
2
14
12
1
3.5
2 8
2
1 2
13
1
4.4
31
3
1 I
16
1
4.8
30
3
9
17
1
'4.7
r 2 9
v 6. 6
P4 4
3
6
p 4
r \g
v3 o
54.70
57.89
58.44
55.72
58.69
59.76
55 26
58.17
59.97
54 43
56.82
59.82
56 04
59.19
60.85
56 29
59. 40
60.70
56 37
59 47
60.88
56 53
59 74
61 31
56 93
61 01
61.43
r 57 54
r 61 57
r
61 66
r 58 70
' 59 21 P 60 28
T 63 05
r 62 90
P 64 09
' 61 90 ' 64 52 P 66 13
52.87
53.53
49.69
54.17
56.08
59.45
52.83
53.35
50.72
54.73
55.89
60.42
54.17
54.54
51.42
55.51
57.04
58.35
52.48
52.89
50.72
55.28
57.19
57.48
52.66
52.31
52.50
55 65
58.16
62.92
48.02
47.38
51.13
55 32
59.31
63.79
50.55
50 59
52 29
55 56
59.36
63 48
52.24
51 85
52 17
55 70
59.35
62 40
53.36
53 10
51 67
56 56
59.58
65 00
T
54. 38
T 54 19
T 51 50
r 57 28
r
59. 78
65 57
' 56. 63
56 59
r 52 46
61.33
62.07
55.90
56.48
64.65
65.83
64.81
61.84
66.08
65.86
66.46
67.83
58.39
59.24
59.87
58.43
59.60
62.07
60 24
61 13
61 61
61 98
62 58
62 72
58.13
59.25
58.51
56.88
59.66
59.93
59.68
59.64
60.56
r
62.68
' 62. 71
57.63
59.86
56.73
59.56
60.44
57.88
55.58
60.21
57.97
59.32
59.21
57.36
60.39
61.30
58.63
59.23
61 57
58.44
59.59
62 55
58.26
60.20
63 34
58.44
60.76
64 33
58.71
'61.30
65 09
59.28
65.90
67.78
62.07
60.05
62.05
54.25
48.51
67.13
69.33
63.58
61.00
61.84
55. 26
50.57
64.75
65.87
63.67
59.11
62.49
56. 08
51.44
61.92
61 03
66.69
56.97
63 16
56.52
51.70
65.31
65 44
66.41
62.86
63 39
56.84
52.23
68.12
70 14
65 20
61.46
61 60
56.49
51. 78
66. 58
67 64
65 69
61.16
64 89
56 86
51.62
67.46
69 08
65 29
62.53
64 21
57 40
51 . 82
70.46
73 77
64 96
62.08
r 64 52
57 52
51 . 94
69.62
71 66
T
2
-P
3
WAGES
Average weekly earnings (U. S. Department of
Labor):f
All manufacturing industries
dollars
Durable-goods industries
do
Ordnance and accessories
..do _ _
Lumber and wood products (except furniture)
dollars ._
Sawmills and planing mills
... .do
Furniture and fixtures .
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of non ferrous
metals ..
_
_
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars _.
Heating apparatus (except electrical) and
plumbers' supplies
dollars _ _
Machinery (except electrical)
do _ _
Electrical machinery
do
Transportation equipment
__.do
Automobiles
do
Aircraft and parts
...do
Ship and boat building and repairs. . .do
Railroad equipment
do _
Instruments and related products
do
Miscellaneous infer, industries
do
r
Revised.
Preliminary.
tRevised series. See note marked "t" on p. S-ll.
60. 89
r 65 61
' 63. 21
r 64 99
r
58 34
r 52 47
r 58 16
59.86
66 50
r
56. 49
p 58. 13
56 07
' 52 28 P 55 08
P 59 96
T 58 45
60.44
' 66 99 P 67 73
p 63. 83
62.07
65 69
' 58. 58
63.16
' 66 31 P 67 01
r
59. 64
'61.66
r
72. 37
r 75 72
r 65 20
r
62! 54
64 60
r 59 41
' 72. 24
75 06
66 38
63.40
64 44
r 59 25
v 59 25
r 52 48
r52 79,
p 54 74
P 72. 24
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average weekly earnings, etc.f — Continued
All manufacturing industries — Continued
Nondurable-goods industries
dollars
Food and kindred products
do
Meat products
do
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products
do
Bro^d-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars _ _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
"Women's outerwear
do
Paper and allied products
_
do
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
dollars __
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal.
do
Petroleum refining
do
Rubber products
_ do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars _ Nonmetalic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor
do
Automotive and accessories dealers___do
Finance:
Banks and trust companies
do
Service:
Hotels year-round
do
Laundries
do
Cleaning and dyeing plants
do
Average hourly earnings (U. S. Department of
Labor) :f
All manufacturing industries
dollars
Durable-goods industries __
_
do
Ordnance and accessories
do
Lumber and wood products (except furniture) -_
dollars
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products. _
do
Glass and glass products
do
Primary metal industries _ _
._
do_
Blast furnaces, steel works, and rolling mills
dollars..
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars __
Heating apparatus (except electrical) and
plumbers ' supplies _ _ _ _ _
___ dollars _ _
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat build'ing and" repairs __ do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
_do
Nondurable-goods industries
Food and kindred products
M!eat products
Dairy products
Canning and preserving
Bakery products
Beverages
'Revised,
p Preliminary.
52.83
' 53. 74
54.90
' 56. 10
58. 19
57. 10
' 55. 02
55.80
' 45. 01 ' 45. 86
51.31
53.00
56.87
54.72
44.27
51.83
66.24
38.58
44.37
44.41
41.11
52.59
53.63
57.78
55.28
44.79
52. 88
64.92
38.39
45.82
45.74
42.22
52.47
53.83
56.51
54.76
45.92
52.29
64.40
37.86
47.04
47.52
43.68
52.07
54.16
60.23
53.95
41.29
52.12
63.60
38.46
47.20
47.76
43.28
52.69
54.57
60.98
54.29
43.26
52.16
63.12
38.76
47.64
48.40
42.34
52.91
54.94
60. 19
55.67
45.15
52.07
63.52
39.25
47.36
48.16
41.73
53.06
54.05
55.99
54.88
44.94
52.96
64.52
38.48
47.88
48.16
43.38
53.04
54.42
56.14
54.63
44.79
52.75
65.16
39.49
47.39
47.72
43.55
52.17
54.14
55.64
54.79
44.32
52.37
66.38
38.59
45.51
45.81
40.60
41.95
44.96
44.01
47.90
42.63
46.20
40.38
44.48
41.82
46.64
42.70
47.72
44.48
49.88
43.50
50.81
40.80
47.46
41.27
' 48. 92
41.81
' 49. 24
r
43. 31
p 46. 40
32.80
50.40
56.26
60.32
33.87
53.13
57.64
61.06
34.35
49.49
58.36
62.10
33.82
45.80
58.31
62.09
33.82
49.13
58.09
62.09
33.63
50.86
57.56
61.62
35.64
52.63
57.80
61.71
35.62
49.67
58.06
61.89
35.00
46. 06
58.20
62.42
' 35. 29
' 45. 57
35.51
' 45. 50
61.82
p 62. 61
' 64. 08
35.57
49.42
'61.32
65.77
70.69
77.80
69.66
58.77
60.68
72.38
75.10
57.72
62.32
42.00
40.04
72.02
80.14
70.22
59.66
62.33
74.47
77.11
61.01
69.95
41.99
39.74
71.22
80.06
69.84
59.51
62.20
74.09
76.13
59.57
64.83
41.72
38.61
70.91
79.05
69.36
59.43
62.44
72.12
75.44
57.91
63.91
40.08
36.40
72.27
81.50
71. 17
59.78
62.75
71.74
74.83
59.04
64.79
42.03
39.20
70.49
76.43
70.80
60.05
63.63
73.79
77.41
60.52
67.70
42.90
40.77
70.75
76.38
70.70
59.96
62.64
71.64
74.84
59.90
67.22
44.08
42.22
72.14
78.42
71.56
60.09
62.56
71.54
74.88
59.70
65.26
44.15
42.15
72.18
79.88
70.88
60.56
63.12
73.85
77.11
61.76
69.23
41.96
39.18
' 72. 64
' 72. 72
' 80. 58
' 71 . 83
' 62. 24
r 64. 96
' 72. 45
79 28
p 73. 14
58.18
42.80
49.51
58.96
59.24
52.46
59.63
75.81
63.10
52.73
67.94
68.17
62.32
42.22
48.74
64.71
44.60
47.36
62.81
40.23
49.83
61.81
80.01
78.75
70.74
57.86
72.13
72.56
71.95
72.40
56.68
70.73
70.82
70.69
73.87
57.77
72.06
72.71
71.80
71.20
55.77
70.12
69.90
70.21
71.52
55.08
69.75
68.15
70.26
76. 24
53.36
68.01
65.56
68.76
71.88
54.36
66.89
66.94
67.00
64.46
51.57
63.64
63.92
64.55
52.61
62.83
64.75
64. 31
53.29
62.97
65.72
64.17
54.40
62.05
65.03
65.10
52.49
62.23
66.04
65.11
53.13
62.84
66.09
57.10
57.35
58.36
57.86
58.20
35.75
51.00
59. 55
35.17
50.57
59.51
34.64
50.25
59.39
34.30
50.37
58.78
43.10
43.62
43.94
32.93
34.27
38.63
32.90
34.69
41.28
1.399
1.473
1.472
1.299
1.312
1.230
1.368
1.438
1.581
' 53. 12
' 66. 71
' 39. 67
' 45. 63
45. 82
' 40. 67
58.08
'81.05
r
71. 68
' 61. 18
'63.91
53. 42
' 68. 92
41.63
' 46. 71
r
46.80
41. 96
60.08
74.42
76.82
' 54. 65
' 56. 94
p 55. 78
* 56. 51
' 42. 01
' 47. 19
p 44. 25
p 49. 45
59.57
57.25
47.82
53.87
70.75
47.44
' 42. 74
49.58
7L83
' 62. 84
66.10
' 76. 31
78. 93
65. 46
74.17
' 44. 69
* 63. 97
' 73. 28
75. 73
' 64. 52
' 74. 60
' 41. 56
' 38. 48
' 64. 35
' 72. 00
' 41. 10
42.49
62.90
57.25
72.79
' 63. 11
' 68. 81
' 68. 37
' 63. 40
' 64. 94
' 70. 09
64.11
68.13
70.88
55.37
68.59
68.34
68.83
74.41
58.03
70.93
71.41
70.70
' 70. 88
' 59. 45'
' 72. 74
' 71. 71
' 72. 93
'
'
'
'
'
76.05
65.22
53.69
62.97
65.08
65.53
52.98
62.93
64.81
65.90
53.44
64.13
65.17
' 66. 56
' 53. 72
' 65. 17
' 67. 35
54.31
64.21
66.15
58.14
58.27
58.56
58.79
' 59. 11
' 59. 80
60.90
36.12
50. 54
58.26
35.68
50.68
58.72
35.44
50.85
57.76
35.04
50.76
59.22
34.66
50.93
60.36
' 35. 49
' 50. 81
' 60. 50
' 36. 53
' 51. 78
' 61. 88
37.41
52.91
43.96
43.95
45.29
45.52
45.37
45.83
' 45. 54
45.38
46.22
32.84
34.57
40.15
33. 13
34.23
39.96
33.24
34.77
40.47
33.06
35. 15
40.75
33.51
34.39
39.26
33.07
34.56
40.40
33.26
34.85
40.48
' 33. 34
' 35. 74
33. 23
43.69
33.28
36.50
44.28
35.86
42.06
1.407
1.482
1.483
1.392
1.458
1.488
1.392
1.457
1.488
1.408
1.476
1.495
1.418
.485
.510
1.420
1.483
1.507
1.424
1.486
1.510
1.434
1.499
1.513
1.442
1.509
' 1. 515
1.453
1.523
1.521
' 1. 462
' 1. 534
' 1. 529
p 1. 463
P 1. 537
v 1. 538
1.298
1.314
1.237
1.382
1.463
1.607
1.299
1.311
1.233
1.374
1.444
1.556
1.280
1.290
1.231
1.382
1.459
1.579
1.275
1.282
1.244
1.381
1.465
1.597
.225
.237
1.244
.390
1.494
1.615
1.270
1.284
1.254
1.389
1.484
1. 603
1.293
1.293
1.251
1.389
1.480
1.604
1.311
1,311
1.251
1.400
1.482
1.609
1.336
1.338
1.250
1.404
1.476
1.619
1.358
1.357
1.258
1.415
1.489
' 1. 630
1.371
1.371
' 1. 275
' 1. 436
1.538
' 1. 646
P 1. 287
p 1. 438
1.700
65.38
43.87
71. 10
60. 70
73. 64
73. 53
73. 74
v 74. 94
p 66. 39
p 46. 96
68.88
61.15
74.02
73. 29
73.96
67.18
55. 04
64.13
66.89
63.30
p 1. 384
p 1.644
1.631
1.673
1.644
1.642
1.645
1.675
1.649
1.649
1. 652
1.659
1.674
1.482
1.496
1.471
1.483
1.479
1.503
1.491
1.502
1.510
1.519
1.530
1.564
1.468
1.474
1.459
1.451
1.473
1.487
1.481
1.480
1.488
' 1. 496
1.514
' 1. 522
p 1. 527
1.459
1.531
1.451
1.478
1. 538
1.447
1.479
1.536
1.435
1.483
1.538
1.434
1.491
1.544
1.444
1.492
1.547
1.443
1.501
1.552
1.442
1.505
1.560
1.443
1.519
1.569
1.446
' 1. 521
1.576
1.453
r 1. 525
1.583
' 1. 450
1.533
' 1. 594
' 1. 469
p 1. 603
P 1. 482
1.660
1.703
1.544
1.610
1.616
1.391
1.247
1.674
1.716
1.566
1.618
1.623
1.399
1.258
1.656
1. 689
1.572
1.624
1.623
1.409
1.264
1.660
1.686
1.607
1.637
1.649
.413
.264
1.679
1.713
1.612
1.637
1.638
1.421
1.277
1.682
1.715
1.602
1.626
1.621
1.423
1.288
1.677
1.708
1.614
1.631
1.647
1.425
1.284
1.678
1.710
1.612
1.637
1.638
1.435
1.289
1.706
1.748
1.612
1.638
1.646
1.438
1.292
1.698
1.731
1.608
' 1. 646
' 1. 633
1.444
1.723
1.765
1.606
1.633
1.648
1.449
1.299
' 1. 724
1.762
1.615
1.664
1.648
' 1. 445
' 1. 305
p 1. 724
.325
.302
.407
.229
.113
.259
.586
1.334
1.318
1.406
1.231
1.182
1.263
1.590
1.343
1.327
.403
.251
.182
.267
.600
1.350
1.328
1.386
1.253
1.192
1.273
1.613
1.353
1.337
1.393
1.250
1.217
1.271
1.625
1.355
1.340
1.398
1.248
1.221
1.271
1.631
1.358
1.339
1.403
' 1. 242
1.364
1.342
1.409
1.240
' 1. 182
1.275
' 1. 373
' .346
.425
.261
.155
.295
1.653
p 1.374
p 1. 336
1.319
1.328
1.325
do
1.283
1.291
1.271
do
1.375
1.389
1.387
do
1.245
1.239
1.216
do
1.085
1.148
do
1.117
1.249
1.256
1.257
do
1.595
1.600
1.590
do
fRe vised series. See note marked " • " on p. S-]LI.
'1.302
'1.210
1.277
'1.623
'1.641
P 1. 445
p 1.319
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-15
1949
August
September
October
1950
November
December
January
February
March
April
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly earnings, etc. f— Continued
All manufacturing industries— Continued
Nondurable-goods industries— C ontinued
Tobacco manufactures
^dollars. _
Textile-mill products
do
Broad- woven fabric mills.
_ do__ .
Knitting mills
_______
- -do
Apparel and other finished textile products
dollars _ _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
_
__ _
_ dollars. _
Women's outerwear
do
Paper and allied products
_do_
Pulp, paper, and paperboard mills do_ _ _
Printing, publishing, and allied industries
dollars _ _
Newspapers
do
Commercial printing
do
Chemicals and alUed products.
_ do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
_ do
Rubber products
do
Tires and inner tubes .
do
Leather and leather products..
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal...
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars
Nonmetallic mining and quarrying
do
Contract construction.
_
do
Nonbuilding construction
_ _ _ do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone _ _
_
'do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor
do
Automotive and accessories dealers do
Service:
Hotels, year-round
do
Laundries _
_
._ do
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
dol. per hr
Skilled labor
_..
do
Farm wage rates, without board or room (quarterly)*
dol. per hr
Railway wages (average, class I)
do
Road-building wages common labor
do
.997
1.180
1.181
1.111
.987
1.187
1. 188
1.117
.991
1.194
.200
.123
1.012
1.915
1.200
1.127
1.019
1.197
1.201
1.126
1.033
1.202
1.204
1.134
1. 063
1 209
1.201
1.166
1.076
1 209
1.199
1.177
1.087
1 204
1 193
1.160
1.175
1.342
1.196
1.353
.168
.347
1.131
1.352
1.165
1.344
1.186
1 348
1.212
1 348
1.195
1 355
1.159
1 337
.901
1.465
1.346
1.416
.918
1.484
1.353
1.420
.916
1.447
1.354
1.421
.919
1.363
1.356
1.424
.919
1.424
1.354
1.424
.929
1.453
1.364
1.433
.979
1 466
1 360
1.422
.984
1.403
1.363
1.426
.986
1 335
1 376
1.445
1.836
2 114
1.759
1.451
1 548
1.842
2 137
1.760
1.441
1.566
1.845
2 135
1.768
1.427
1 559
1.837
2 125
1 765
1.432
1 561
1.839
2 139
1 766
1.437
1 561
1.831
2 094
1 770
1.454
1 579
1.852
2 104
1.799
1.459
1 566
1.869
2 131
I 807
1 462
1 564
1.870
2 153
1 799
1 470
1 574
1 796
1.887
1 507
1 731
1.129
1.091
1 812
1.904
1 514
1.789
1.141
1 104
1 807
1.889
1 512
1.738
1.143
1 100
1 803
1.886
1 508
1 732
1.142
1 093
1 798
1.885
1 506
1 737
1.133
1 083
1 813
1.902
1 536
1.763
1.138
1 090
1 800
1.890
1 528
1 755
1.157
1 117
1 802
1 891
1 519
1 745
1.165
1 127
1 810
1 904
1 544
1 775
1 172
1 129
1.473
1 829
1.897
1.489
1 863
1.943
1.487
1 934
1 978
1.477
1 903
1 999
1.498
1 919
1.919
1.517
1 866
1.933
1.499
1 953
1 962
1 504
1 928
2 009
1 512
1 974
2 022
.764
306
.862
.712
932
1.792
1 312
1.874
1.730
1 938
1.793
1 307
1.881
1.741
1 944
1.780
1 306
1.891
1.754
1 947
1.788
1 299
1.917
1.777
1.964
1.824
1 289
1.932
1.753
1 976
1.797
1 313
1 950
1.771
1 988
1 781
1 331
1 954
1.766
1 995
1 808
1 331
1 938
1.746
1 986
442
.343
1 411
1. 544
1.457
1.363
1 412
1.564
1 455
1.377
1 415
1.576
1 455
1.402
1 420
1 567
1.463
1.367
1 424
1.580
1 473
1.380
1 425
1.585
1 469
1.391
1 428
1 572
1 476
1 376
1 427
1 573
1 481
1 381
1 438
1 578
r
r
r
1.081
1 204
1.190
1. 162
1.156
I 333
r
r
.983
r
1 317
r
1.373
1. 431
r
r
r
r
1.877
2 173
1. 801
1. 485
1 578
r
r
T
T
r
r
r
1 805
1. 898
1 566
1.815
1. 174
1. 125
1.517
1 983
2. 005
1.087
l 207
1.197
1. 156
T
r
1. 094
1 210
1.201
1.155
p 1 218
1.168
1 338
' 1. 193
1 340
p 1. 221
.981
1 350
1.394
1. 463
r
.980
1 420
1.413
1.488
p 1. 423
T
r
p 1. 890
1. 596
1 815
1.911
1 562
1. 800
1.173
1. 123
1.830
1.925
1.585
1.845
1. 173
1.127
p 1.819
r 2 172
r
1.814
r
1. 507
r
r
T
r
r
1. 524
1 992
2.014
1.541
1 969
2.014
»•T 1. 782
1. 343
r 1. 762
r 1. 943
r 1. 759
' 1. 998
«- 1. 993
1.815
1.365
1.953
1.779
1.999
1.490
1.389
1 430
1.594
1.503
1.397
1.425
1.608
1. 473
1.489
.982
1 266
1.351
.987
1. 275
1.382
'r 1. 772
1 339
' 1. 950
r
r
1.486
1. 381
1 440
1. 578
p 1. 534
p 1.596
p 1. 192
1.403
1.409
1.427
1 425
1.423
1.432
1 446
1 453
1 466
r
961
1 244
1 306
.961
1 258
1 308
952
1 247
1 294
945
1 256
1 289
.948
1 254
1.272
.967
1 267
1 282
963
1 268
1 275
960
1 269
1 293
960
1 270
1 318
.975
Tr 1 267
1 318
745
.840
978
746
.842
990
743
.841
977
753
.837
977
759
.844
987
753
.847
989
765
843
984
755
843
995
756
.850
1 002
r
756
.857
1 016
.758
.867
1.025
.757
.862
1.016
1.478
2. 454
1 478
2.458
1 478
2.462
1.478
2.462
1.485
2.462
1 485
2.466
1 486
2.469
1 493
2.478
1.511
2.485
1.528
2.547
1.538
2.524
1 565
.64
1 562
1 17
1 569
1.572
.75
1.574
1 17
i eol
1 552
.70
1 574
1 13
1.558
1.555
.73
1.579
1.20
280
258
256
257
245
258
237
257
231
250
279
240
335
259
374
286
255
540
247
564
1,816
980
931
49
246
589
246
606
251
606
91 674
37 025
54, 649
100, 291
41 463
58, 828
107, 102
43 781
63,321
98, 500
38, 757
59, 743
115, 520
50, 067
65, 453
44, 284
18, 703
43
18, 331
22, 982
44, 284
18,316
15, 934
••436
22, 921
55.7
43, 804
18, 466
219
17, 969
22, 886
43, 804
18, 139
16, 129
'595
22, 841
55.8
44, 049
18,820
82
18, 356
22, 389
44, 049
17, 912
15, 989
*>246
22, 947
54.8
1 470
2.436
1 373
f
1. 463
r
109
' 1. 877
2 166
1.814
r
1. 529
1.628
' 1. 879
r
r
TO 1.
T
T
1.561
2.544
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptance^
mil of dol
Commercial paper
_____
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of dol
Farm mortgage loans, total
do
Federal land banks.
do
Land Bank Commissioner
do
Loans to cooperatives
__ do. _
Short-term credit
do
Bank debits, total (141 centers)
New York City
Outside New York City
do
do
do
189
230
207
265
261
590
1,791
951
890
62
281
559
88, 536
36 070
52, 466
90, 257
37 191
53, 066
251
• 278
272
257
306
506
313
471
1,712
956
899
57
306
450
294
453
279
476
1 744
969
916
53
265
510
90 747
36 334
54, 413
88 588
35 249
53, 339
106, 274
45 781
60, 493
95, 349
38 962
56, 387
86 283
35 727
50 556
104 025
43 112
60 913
215
278
Federal Reserve banks, condition, end of month:
44, 192
44, 323
43, 513
44, 272
45. 643
44, 194
Assets, total
mil. of dol
43, 895
43, 525
44, 097
43, 568
18, 415
18, 267
19, 499
18, 326
17, 935
Reserve bank credit outstanding, total_..do
18, 225
17, 860
18, 226
18, 070
18, 301
322
306
531
109
283
78
113
145
225
Discounts and advances
do
130
17,
682
18,
885
17,
524
18,
010
17,316
17,
592
17, 389
United States Government securities. _ .do
17, 827
17, 796
17, 746
23, 232
22, 998
23, 362
23, 350
23, 320
23, 176
23 035
23, 168
23 120
23, 020
Gold certificate reserves
do
44, 192
44, 323
44, 272
45, 643
43, 513
44, 194
43, 525
44, 097
43, 568
43, 895
Liabilities, total
do
18, 036
18, 173
17, 632
17,793
18, 906
18, 348
18, 083
17,655
18, 064
17, 796
Deposits, total _
do
15,814
15,
850
16,
568
16, 512
15, 947
16, 038
16, 211
15, 878
Member-bank reserve balances
do
15, 973
15, 657
589
526
1,175
771
671
1,018
698
676
Excess reserves (estimated)
_ do_ _
583
507
23,
373
22,
926
22,836
23, 483
22, 974
22, 911
22,880
23, 273
23, 278
23, 247
Federal Reserve notes in circulation
do
56.2
56.3
56.4
57.0
54.7
56.1
56.3
56.8
56.6
56.6
Reserve ratio
percent..
r
Revised.
p Preliminary.
fRevised series. See note marked "f" on P- S-ll.
§Rates as of September 1,1950: Common labor, $1.561; skilled labor, $2.554.
*New series. Comparable data prior to January 1948 are not available.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
February
April
May
June
July
! August
FINANCE—Continued
BANKING —Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of d o l _ _
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol_.
States and political subdivisions
do
United States Government
do
Time, except interbank, total __ _
do
Individuals, partnerships, and corporations
mil. of dol. .
States and political subdivisions^ .
.do
Interbank (demand and time)
.
do
Investments, total
__
___
do_ __
U. S Government obligations, direct and
guaranteed, total
mil of dol
Bills
do_.._
Certificates
do
Bonds and guaranteed obligations
do
Notes
do
Other securities.
__
do
Loans, total
_ __ _
.do
Commercial, industrial, and agriculturaLdo
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol__
Real-estate loans
_. . _ _ _ d o _ _
Loans of banks
_
do
Other loans
..
do
Money and interest rates:cf
Bank rates on business loans:!
In New York Citv
percent
In 7 other northern and eastern cities
do
In 11 southern and western cities
do
Discount rate (N. Y. F. R. Bank)
do
Federal land bank loans
do
Federal intermediate credit bank loans
do
Open market rates, New York City:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)
do
Call loans, renewal (N. Y. S. E.)do
Yield on U. S. Govt. securities:
3-month bills.
__ _ _ ,
.
.do
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol__
U. S. postal savings
do
46, 737
46, 457
46, 848
47, 648
48, 253
47, 767
46, 926
46, 162
46, 928
47,533
47, 972
48, 264
48,995
46, 416
3,367
2, 196
15, 270
46, 465
3,165
2,636
15, 255
40, 867
48, 037
48, 857
47, 600
47, 193
3,299
3,255
3,296
2, 335
1, 955
15, 288
3,456
2,322
15,333
3,454
2,302
15,228
2,117
15, 162
15, 377
45, 848
3,431
2,691
15, 397
46, 672
3,601
1,668
15, 472
47, 856
3,571
1,982
15,496
47, 925
3,611
2,350
15, 552
48, 555
3,443
1,946
15, 387
49, 368
3,321
2 521
15, 331
14, 502
647
10, 095
42, 288
14, 501
632
10,065
42, 064
14, 500
605
10, 687
42, 341
14, 431
608
10, 305
42, 226
14, 537
621
10, 729
42, 527
14, 578
627
10, 394
42, 780
14, 647
609
10, 415
42, 090
14, 660
14, 717
14, 738
14, 768
14, 613
14, 535
9,994
41, 677
10, 356
41, 525
9,930
42, 070
10, 098
42, 376
10, 345
41, 485
10, 125
41, 317
37, 307
3,260
6,392
26, 536
1,119
4,981
23, 491
12, 965
1,609
37, 004
2,608
7,181
26, 091
1,124
5, 060
23, 998
13, 384
1,668
37, 388
2,618
37, 595
36, 774
2,212
5,071
24, 862
36, 118
1,768
4,638
24, 016
5,696
5,559
24, 886
13, 790
1,670
35, 916
1,753
4,307
24, 080
5,776
5,609
25, 009
13, 420
1,813
36, 456
2,125
4,420
24, 193
5,718
5, 614
25, 033
13, 359
1,801
36, 638
2,641
2, 916
24, 433
6,648
5,738
25, 584
13, 602
1,717
35, 496
1,831
2,134
24, 513
7,018
5,989
26, 362
14,022
1,934
35, 082
2, 297
1,359
23, 539
7,887
6, 235
27, 266
14, 739
1,427
665
4,185
4,102
638
4,207
233
4,178
1.50
4.08
2.04
2.32
2.64
3.07
1.50
4.08
2.04
1.06
1.44
1.63
1.63
37, 248
37, 469
7,273
2,345
7,257
2,544
6,856
26, 347
1,150
26, 470
1,176
24. 637
4,953
4,978
3,432
5,058
24, 325
13, 694
1,618
24, 613
13, 775
1,623
24, 894
13, 904
1,608
597
626
4,246
4,299
207
4. 266
214
599
4, 342
319
4,393
4,445
1.50
4.08
2.04
1.50
4.08
2.04
2.38
2.67
3.03
1.50
4.08
2.04
1.06
1.38
1.63
1. 63
1.06
1.38
1.63
1.63
1.06
1.38
1.63
1. 63
1.027
1.26
1.062
i 1.34
1.044
i 1.38
10, 786
3,248
10, 830
3, 230
Total consumer credit, end of month, .mil. of dol. _
Instalment credit, total. _
..
do
Sale credit, total
do
Automobile dealers
do
Department stores and mail-order houses
mil. of dol..
Furniture stores
do
Household-appliance stores
. . - do
Jewelry stores
do
All other retail stores
___
do
16, 453
9,622
5,223
2,761
781
755
Cash loans, total
do
Commercial banks
..do
Credit unions
do
Industrial banks ...
_
do
Industrial-loan companies
do
Insured repair and modernization loans
mil. of doL.
Small-loan companies
do
Miscellaneous lenders
do
2,762
6,152
24, 796
617
633
636
652
3,885
4.629
5,185
24, 486
1, 364
5,316
24, 741
13, 834
1, 529
573
4, 396
154
570
4,413
302
588
624
627
652
4,465
4,522
4,595
4,682
4,455
4,470
4,540
1.50
4.08
2.00
1.50
4.08
2.00
2.29
2.55
3.12
1.50
4.08
2.00
1.06
1.31
1. 63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1. 63
1.63
1.073
i 1.37
1.097
i 1.37
1.100
i 1.39
10, 860
3, 215
10, 296
3. 199
11,087
11,179
3,182
3, 183
16, 803
9,899
5,438
2,876
17, 223
10, 166
5,661
2, 986
17,815
10, 441
18, 779
10, 890
10,836
5,880
6,240
3, 085
3,144
417
121
388
818
784
435
121
404
855
822
454
123
421
906
858
464
127
440
4,399
1,897
4,461
1,922
4,505
4,561
1,944
394
244
173
273
13,918
212
368
235
638
676
4,815
405
214
663
743
4, 951
358
4, 800
4,912
5, 092
5,439
1.50
4.08
2.00
1.50
4.08
2.00
2.34
2.67
3.22
1.50
4.08
2.00
1. 50
4.08
2.00
1.75
4.08
2.00
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1. 63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.19
1.50
1. 63
1.63
1.130
i 1.44
1.140
i 1.45
1.164
U.45
1. 167
i 1.45
1.175
i 1.47
1.172
i 1.45
1.211
U.45
11, 237
3,177
11,325
3, 168
11, 363
3,151
11,411
3, 125
11.512
3,097
11,476
3, 001
11,448
v 3, 024
18, 126
10, 884
6,213
18, 620
11,322
6,511
3,470
19, 085
11,667
6,733
3,600
'r 19, 682 * 20, 365
12, 105 T 12, 604
6,995
v 7, 341
3,790
* 3. 994
*> 20, 979
p 13,015
p 7, 600
p 4, 095
979
913
518
631
1,011
4,811
2, 066
4, 934
2,134
4,644
T
CONSUMER CREDIT
Charge accounts
Single-payment loans
Service credit
... _ _ _ .
._
do
do
do
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil of dol
Credit unions
_
do
Industrial banks
.
.
do
Indus trial -loan companies
do
Small-loan companies
do
FEDERAL GOVERNMENT
3,256
18, 302
11, 077
' 6, 334
3,355
975
902
491
627
958
891
492
616
960
899
502
618
4,650
4,662
1,951
402
250
175
1,957
404
251
175
4,671
1,973
408
254
174
4,743
2, 026
1,010
935
500
163
488 }
18, 344
6,174
3, 179
r
369
230
171
379
235
172
1,936
385
239
172
747
851
763
855
135
780
858
135
794
875
137
801
929
142
'801
931
142
792
928
142
783
936
143
785
945
144
797
959
145
3,064
2,799
3,123
2,808
973
3,197
3,454
2,927
3,909
2,988
994
993
992
3, 506
3, 003
'999
3,233
2,866
968
3,001
1,008
3,211
3,009
1,005
3,241
3,048
1,009
3,290
3,100
1,028
294
66
37
29
143
278
65
34
27
128
272
59
34
26
134
269
64
36
28
161
280
69
41
31
232
269
59
37
27
131
268
61
34
25
126
336
78
43
31
163
307
70
37
28
154
348
83
43
32
168
134
421
258
176
431
262
178
1,032
947
561
665
p 1,081
P976
P596
P694
p 1, 125
p997
P656
' 5, 110
2, 233
P 5. 263
* 2,31(5
P282
J-192
p 5, 415
p 2. 397
P514
P290
p 197
978
147
P834
p995
P149
P858
p 1, 009
P150
3,392
3,147
1, 038
v 3, 527
v 3, 197
* 1, 037
p 3, 654
p 3, 266
p 1, 044
379
93
46
34
175
P381
P387
i>89
P166
*>166
935
537
650
450
267
182
474
275
187
' 816
r
M95
p84
MS
p32
P727
p46
p33
FINANCE
Budget receipts and expenditures:
5,622
2,092
4, 776
2,148
2,727
4,255
3, 607
2,895
3,480
1,993
3,238
4,885
2,917
Receipts, total
mil. of dol
2,972
4,404
2,344
4,191
3, 366
4, 820
2, 320
1,488
1,881
2,860
4,832
1,881
2,479
Receipts, net
do
35
35
43
34
39
37
38
40
37
52
35
33
32
Customs
__
do
3,214
2,342
4,429
1,267
1,721
3, 526
1,028
1,489
2,545
1,768
1,060
3,893
1,568
Income and profits taxes
do
544
362
204
139
67
349
356
93
295
340
65
144
404
Employment taxes
_
do
714
720
599
701
704
737 !
722
645
629
948
753
714
749
Miscellaneous internal revenue
_do_. .
124
147
186
88
88
69
138
146
140 !
129
79
101
165
All other receipts
do
2,496
3, 013 ,
3,722
3, 323
3,269
2,962
3,127
2,847
4,296
2, 515
3,111
3,995
3,585
Expenditures, totalt
_ _. .
do
2184
2 1, 008
2161
2636
21,611
2306
2134
2136
2271
2463
544
255
125
Interest on public debt
. . .. do._
502
449
489
516
588
509
504
465
547
466
502
859
522
Veterans Administration
do
r
936
1,051
964
I , 024
1,056
1,095
1,046
p 1, 160
1,007
998
1,002
1,024
1,165
National defense and related activities:}:. -do
897
994
1,130
1,298
1,315
1,222
1, 265 \
1,218
1,190
755
1,352
1,568
1,774
All other expenditures!
. .do_ ..
r
!
Revised
* Preliminary.
Series was changed on September 12 to two bond issues (2 percent December 1952-54 and 21/{J percent March 1956-58) and on April 1 to \% percent Treasury
notes of March 15, 1954 and iy2 percent Treasury notes of March 15, 1955.
2 Beginning November 1949, data represent interest due and payable; previously, interest paid.
cf For bond yields see p. S-19.
fRevised series. Annual averages for 1939-48 on the new basis are available upon request.
tRevisions for total budget expenditures (June 1948-January 1949) are shown at bottom of p. S-14 of the April 1950 SURVEY; those for national defense and all other expenditures (July 1948February 1949), at bottom of p. S-17 of the September 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
s 17
1949
August 1
Se
m
g£ -
1950
October
November
December
January
Y
U
^j '
March
April
May
June
July
August
255, 718
253, 516
221,714
31,802
2,202
256, 350
254 183
222, 315
31,868
2,167
257, 357
255 209
222, 853
32, 356
2, 148
257, 541
255 403
222, 884
32, 518
2, 138
257, 874
255 764
223 059
32, 705
2 110
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE—Con.
Debt, gross:
Public debt (direct), end of month, total
mil. of dol__
Interest-bearing, total
do
Public issues
_
do
Special issues
do - Noninterest bearing
do
Obligations guaranteed by U. S. Government,
end of month
_
mil. ofdol
U.S. savings bonds:
Amount outstanding, end of month
do
Sales, series E, F, and G
do
Redemptions
do
255, 852
253, 921
220, 563
33, 358
1,931
256, 680
254, 756
220, 842
33, 914
1,923
256, 778
254, 876
221,066
33, 810
1,901
256, 982
255, 124
221, 295
33, 829
1,858
257, 130
255, 019
221, 123
33, 896
2,111
256, 865
254, 869
221, 367
33, 502
1,997
256, 368
254, 406
221, 535
32, 871
1,962
255, 724
253, 506
221,408
32, 098
2,218
27
29
28
29
29
27
27
24
22
20
20
16
18
50, 602
449
439
56, 663
398
411
56, 729
388
396
56, 774
383
415
56, 910
495
466
57, 108
707
618
57, 345
581
418
57, 446
524
510
57, 534
423
413
57. 576
416
454
57, 629
398
456
57, 655
417
505
57, 451
350
537
Government corporations and credit agencies:
\ssets except interagency total
mil of dol
Loans receivable, total (less reserves)
do
To aid agriculture
do
To aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans
do
All other
do
Commodities supplies and materials
do
U S Government securities
do
Other securities
do
Land, structures, and equipment
do
All other assets
do
22, 594
11, 720
3, 617
1,123
120
407
4
347
6,090
494
1,596
2, 069
3,501
2, 933
775
23, 733
12,733
4,362
1,251
114
462
4
442
0, 090
484
1,549
2, 047
3,492
2, 962
950
24, 360
13, 350
4 851
1,324
113
496
3
328
6, 101
492
1,567
2,221
3,488
2,932
801
Liabilities, except interagency total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
do
1,957
2, 520
2,801
do
do
do
28
856
1,074
28
772
1,720
21
708
2,072
Privately owned interest
U S Go verment interest
do
do
177
20, 460
183
21,030
190
21, 368
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total
mil. of dol
Industrial and commercial enterprises, including
national defense
mil. of doLFiriancial institutions
do
Railroads _
do
States, territories, and political subdivisions-do
United Kingdom and Republic of the Philippines
mil. of doL^
Mortgages purchased
_. do
Other loans __ __
do. -
1,603
1,670
1, 737
1, 825
1,874
1,951
1,998
2,043
2,070
2,105
2,085
2,113
2 !(><>
416
123
117
30
434
122
117
30
443
121
117
30
472
118
117
29
481
114
112
29
500
114
111
29
507
113
110
27
516
112
110
27
524
112
111
25
542
110
111
25
518
110
110
25
525
109
110
25
535
108
110
25
176
703
38
167
702
37
165
824
37
161
891
37
149
951
37
147
1,012
37
145
1,060
37
139
1, 102
37
137
1,125
37
133
1,147
37
128
1,156
37
126
1,180
36
125
1,227
3ft
57, 768
52, 390
58, 082
52, 640
58, 407
52,903
58, 699
53, 171
59, 280
53, 652
59, 781
53, 911
60, 080
54,252
60, 382
54, 592
60, 660
54, 839
60, 973
55, 034
61, 307
55, 311
61, 679
55, 675
61. 988
55, 909
51, 589
36,911
16, 016
13, 974
9,134
2,855
' 8, 904
703
9,971
938
9,033
1,892
1,045
1,066
51, 858
36, 984
15, 987
13, 883
9,153
2,856
8,989
692
10,117
948
9,170
1,904
1,059
1,101
52, 134
37, 064
15, 905
13, 781
9,196
2,857
9,106
724
10,234
958
9,276
1,915
1,077
1,120
52, 389
37, 162
15, 797
13, 682
9,261
2,859
9,244
697
10, 388
966
9,422
1,925
1,090
1,127
52, 879
37, 397
15, 921
13, 779
9,314
2,864
9,298
706
10, 569
978
9,591
1,934
1, 102
1,171
53, 184
37, 411
15, 881
13, 743
9,320
2,866
9,345
852
10. 691
987
9,704
1,943
1, 113
1,173
53, 445
37, 588
15, 853
13, 716
9,473
2,877
9,386
704
10, 831
'1,006
9,824
1,952
1,124
1,246
53, 697
37, 687
15, 834
13, 684
9,503
2,878
9,472
687
11, 016
1, 020
9,996
1,963
1,134
1,210
53, 936
37, 716
15, 790
13, 640
9,551
2,906
9,468
689
11, 181
1,036
10, 144
1,972
1.144
1,234
54, 196
37, 674
15, 598
13, 453
9,638
2,914
9,524
719
11,379
1,054
10, 325
1, 983
1.159
1, 283
54, 476
37, 679
15, 383
13, 256
9,740
2,949
9,607
794
11,611
1,071
10, 540
1,994
1,176
1,222
54, 811
37, 781
15, 366
13, 242
9,806
2,948
9,661
726
11, 821
1,085
10, 736
2,009
1,207
1, 267
55, 078
37, 731
15, 170
13, Oil
9, 900
2, 961
9, 699
725
12, 064
1,099
10, 9(55
2,024
1, 216
1, 317
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance) :
Value, estimated total
mil. of dol__
Group
__ __ _
do
Industrial
do
Ordinary, total __
do
New England _ _
do
Middle Atlantic
do
East North Central
do
West North Central
do
South Atlantic
_ do
East South Central
do._
West South Central
do
Mountain __
_
._
do
Pacific
do ...
1,778
250
381
1,147
69
249
243
116
132
50
108
42
138
1,718
249
384
1,085
67
234
231
112
123
49
101
38
128
1,861
267
416
1,178
77
277
251
111
137
53
99
40
134
1,901
308
395
1,198
83
278
256
113
140
52
102
41
133
2,195
504
360
1,331
86
289
280
133
156
58
117
52
160
1,745
212
402
1.131
85
293
239
104
124
44
95
35
111
2,335
706
433
1.196
82
294
253
111
136
48
105
40
127
2,413
443
490
1,480
96
359
307
138
166
65
135
48
165
2,171
382
445
1,344
88
317
277
121
159
60
120
48
154
2,273
341
479
1, 453
98
336
293
129
179
61
132
53
172
2,280
431
431
1,418
96
324
292
128
168
60
134
50
165
2, 304
515
392
1,397
96
312
284
127
175
62
125
51
165
2, 519
349
393
1,777
117
361
Institute of Life Insurance:
Payments to policy holders and beneficiaries,
estimated total
. thous. of dol
Death claim payments
do
Matured endowments
- do
Disability payments
do ___
Annuity payments
do
Policy dividends
_ _
- - do _
Surrender values
do
286, 065
130, 188
35, 505
7,912
18, 739
43, 828
49, 893
276, 238
115, 711
36, 027
7,641
19, 856
47, 329
49, 674
276, 422
121. 365
38, 565
8,136
20. 078
39, 729
48, 549
276, 654
120, 828
38, 559
7,867
19, 689
38, 638
51, 073
339, 057
132, 673
37, 933
8, 534
17, 097
83, 640
59, 180
327, 079
132, 259
46. 643
8,969
25, 323
60,422
53, 463
288, 708
124, 549
38, 750
7,800
19, 434
47, 168
51, 007
358, 738
152, 034
48, 070
8,354
21, 704
65. 460
63,116
295, 802
128, 731
40. 216
7,884
19, 888
46. 463
52. 620
313, 640
137, 941
41. 298
8,440
21, 466
45, 139
59, 356
330, 149
133, 973
48, 117
8, 5S3
21,568
57, 664
60, 244
277, 771
117,588
36, 949
7,462
21, 183
44, 147
50,442
302, 338
131.433
38. 190
8. 658
21.090
45. 1M3
57, 024
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total
mil. of dol
Securities a n d mortgages _ _ _ _ _ _ . . _ . d o
49 companies (Life Insurance Association of
America), total.
mil. of dol
Bonds and stocks, book value, total.. . do_
Govt. (domestic and foreign), total
_do
U. S. Government
do
Public utility
do
Railroad _
do
Other
do
Cash
__
do
Mortgage loans, total
do
Farm
do
Other
do
Policy loans and premium notes _ _ _ _ do
Real-estate holdings
_ _ _ _ _ _ _
do
Other admitted assets
do
• Revised.
.S'4()
169
239
84
185
64
217
SUEVEY OF CURKENT BUSINESS
S-18
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1&50
1949
August
September
October
1950
November
December
January
February
March
April
May
June
469, 517,
32, 145
64, 435
34, 444
66, 613
271, 880
558, 510
39, 696
67, 701
42, 886
79, 324
328, 903
420, 371
33, 123
51, 566
31, 553
58, 570
245, 559
474, 305
39, 823
52, 132
38, 311
70, 648
273, 391
24,246
24, 345
-50, 411 -95, 432
4,119
4,338
4,350
2,706
24, 247
-59, 175
2,130
55, 419
36, 456
12, 247
5,506
39, 661
13, 417
6,084
July
August
539, 208
38, 584
72, 477
39, 351
75, 220
313, 576
442, 303
34, 505
67, 160
35, 432
61, 966
243, 240
447, 976
43, 025
54, 865
42, 113
66, Oil
271, 962
24, 231
-29, 873
1,553
14, 628
24, 231
-17, 627
2,246
12, 274
24, 136 p 23, 627
-89, 969 -431, 378
4,069
46, 368
4,146
2,556
37, 615
12, 941
6,717
39, 930
13, 082
6,819
12, 913
6,645
FINANCE—Continued
LIFE INSURANCE—Continued
Life Insurance Association of America:
Premium income (39 cos.), total
thous. of doLAccident and health
do
Annuities
do
Group
do
Industrial
__
do
Ordinary
do
434, 472
32, 927
50, 965
37, 535
65, 659
247, 386
465, 995
29, 964
52, 865
30, 485
75, 341
277, 340
414, 068
31, 116
53, 964
32, 973
63, 054
232, 961
435, 499,
31, 627
51, 973
31, 606
61, 410
258, 883
653, 742
42, 178
115. 207
40, 929
108, 014
346, 914
483, 248
32, 284
79, 118
51, 213
72, 425
248, 208
24,584
-89, 117
2,397
58, 527
65, 422
39, 012
12, 804
7,306
24, 479
-63, 939
2,998
10, 629
66, 140
38,509
12, 659
7,385
24, 427
-59,399
10, 111
8,697
63, 653
38, 492
13, 058
6,609
24, 395
-93, 162
7,223
46, 201
64, 004
38, 780
12, 399
5,869
7,078
7,890
86
7,508
.733
184
6,370
.733
680
4,060
.733
47
8,065
.733
30
4,355
.733
110
6,317
.731
62
3,412
.718
70
8,253
.726
1,219
6,126
.728
375
10, 408
.728
425
8,904
.728
1,894
4,000
2,884
1,504
3,800
3,101
1,718
4,800
3,193
1,196
3,700
2,965
1,385
4,100
2,496
1,768
3,800
3,721
1,454
3,100
4,224
1,751
3,800
3,890
1,968
4,400
2,669
2,297
3.300
4,102
3,660
27,407
27,543
27, 600
26, 941
• 27,068
27, 042
27, 048
27, 090
' 27, 156
' 27, 010
P 27, 118
171, 200
24, 900
171, 300
25, 100
173, 030 v 172, 900 p 172, 400 P 171, 500 P 171, 800 P 172, 700 P 173, 500 p 174, 000 P 174, 900
25, 415 p 24, 500 P 24, 700 p 24, 600 p 24, 600 P 24, 700 P 24, 600 P 24, 400 p 24, 500
146, 300
84,300
58, 400
146, 200
85, 000
58, 000
147, 615 f 148, 400 p 147, 700 P 146, 900 P 147, 200 p 148, 000 p 148, 900 p 149, 600 P 150, 400
85, 750 * 86, 400 P 84, 500 P 83, 300 p 84, 500 P 85, 300 P 85, 400 p 86, 600 p 87, 500
58, 616 p 58, 700 p 59, 000 P 59, 300 p 59, 500 P 59, 500 p 59, 700 P 59, 400 P 59, 100
27.3
18.5
27.2
19.1
MONETARY STATISTICS
Gold and silver:
Gold:
24, 602
24,608
Monetary stock U S
mil. ofdol
Net release from earmark §
thous. of doL_ -208, 540 -154, 799
15, 857
11, 563
Gold exports
do
114, 002
268, 936
Gold imports
do
66 224
65 400
Production reported monthly total t
do
40 380
39, 366
12, 569
12, 735
Canada
do
6,505
6,239
United StatesJ
do
Silver:
2,090
160
Exports
- do
6,056
5,628
Imports
do
.719
.732
Price at New York
dol. per fine oz
Production:
1,144
1,196
Canada
thous of fine oz
4,600
4,700
Miexico
do
2,909
2,167
United States
do _
Money supply:
27, 412
Currency in circulation
mil. ofdol
27, 393
Deposits, adjusted, all banks, and currency out170, 100
170, 000
side banks totalO
__mil. ofdol
24, 900
25, 100
Curren cy outside banks
do
Deposits, adjusted, total, including U. S. de145, 200
144, 900
posits©
- -.mil. ofdol
83, 100
83, 400
Demand deposits, adjusted, excl. U. S_ _ do
58, 400
58, 400
Time deposits, incl postal savings
do
Turn-over of demand deposits, except interbank and
U.S. Government, annual rate:
28.0
25.5
New York City
_ ratio of debits to deposits17.1
18.6
Other leading cities
do
32.5
20.0
28.6
18.9
29 3
18.9
29.4
19.3
29.7
19.4
29.7
19.2
30.7
20.2
31.0
20.3
33.8
19.9
579
505
505
292
8
204
0
75
75
21
53
1
795
555
529
263
(?
265
26
240
190
134
48
8
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):*
Profits after taxes total (200 cos )
mil of dol
Durable goods total (106 cos )
do
"M
TVT h'
(97 O
4 ..f.
hilp^nnd pnm'Trmpnt ?l^oo«? i
d
hi
d i t 1 (Q4 <? V
T? d
d IT" drpd rv odnots (28 rrm ^
pV
1
/} IV d
d t (9fi
Y
P t 1
fi
'
(14 <; ^
Dividends total (200 cos )
Durable goods (106 cos )
do
do
do
do
d
do
do
do
Electric utilities, profits after taxes (Fed. Res.) 9
799
508
130
75
267
292
63
105
86
331
184
147
766
424
100
91
200
342
64
115
109
629
380
249
850
527
175
85
234
323
51
121
91
387
220
166
173
195
230
r
1 102
732
236
98
352
371
59
149
102
394
219
175
212
Railways and telephone cos. (see p. S-23).
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil. of dol
New capital, total
do. _
Domestic, total
do
Corporate
do
Federal agencies _ _ .
do
Municipal, State, etc
_
do .
Foreign
do
Refunding, total.. __
_do
Domestic, total
__ __
do __
Corporate
do
Federal agencies _ _
..
__.do
Municipal, State, etc
do _
r
620
••311
r
293
'119
0
174
18
308
204
8
195
1
707
519
510
127
69
314
10
188
188
38
146
4
823
675
639
405
0
234
36
148
148
91
53
4
489
379
379
150
0
229
0
109
109
35
52
22
731
513
513
315
0
198
0
218
218
105
56
57
1,185
817
817
553
30
233
0
369
269
108
159
1
809
711
708
146
13
550
3
98
83
20
57
6
1,060
769
750
365
21
363
19
292
229
168
58
3
700
540
520
327
23
170
20
160
160
89
65
6
1,061
771
770
427
39
304
1
290
282
237
31
14
1,285
954
949
598
18
334
5
330
330
276
35
20
Securities and Exchange Commission:^
1,474
1,244
2,098
1,866
1,300
1,842
1,678
2,311
1,631
1,293
1,633
2,105
1,700
Estimated gross proceeds, total
_ do ._
By type of security:
1,420
1,772
1,171
1,984
1,103
2,055
1,212
1,684
1,571
1,530
1, 528
1, 639
2,036
Bonds and notes, total
_
do
298
259
452
293
500
813
251
416
200
520
308
152
210
Corporate _ _
do
18
64
46
44
136
44
122
160
47
76
35
61
46
Common stock
do
36
30
27
61
72
36
70
13
96
44
36
22
27
Preferred stock
do
By type of issuer:
352
490
614
332
574
259
547
669
1,069
332
272
413
220
Corporate, total
._
do
49
32
174
64
50
36
189
57
84
64
36
45
26
Manufacturing*
do
211
239
212
305
118
210
106
317
566
136
94
196
97
Public utility t
do
35
94
108
31
69
75
10
41
13
10
31
16
20
Railroad
do
3
21
18
23
64
4
206
13
4
13
17
12
0)
Communication*
do
34
29
24
132
32
11
87
129
92
85
20
59
6
Real estate and
financial
do
1,122
911
1,484
810
1,242
1,371
1,268
1,320
1,010
1,428
1,220
961
1,884
Noncorporate total
- do_ _ _
773
634
882
706
1,118
886
689
978
1,011
810
894
707
1,608
U. S. Government
do
299
359
235
366
176
319
205
238
251
255
546
175
318
State and municipal
do
1
' Revised.
P Preliminary.
Less than $500,000.
§Or increase in earmarked gold (—).
{Revisions for January-May 1948 for United States and total gold production are shown in the August 1949 SURVEY, p. S-18. Revisions for 1948April 1949 for securities issued (SEC data) are available upon request.
GU. S. Government deposits at Federal Reserve banks are not included.
*New series. Data on profits and dividends cover large manufacturing corporations (total assets end of 1946, $10,000,000 and over); quarterly averages for 1939-48 and quarterly data for
1946-March 1948 are shown on p. 23 of the June 1950 SURVEY. Data on securities issued for manufacturing and communication for January 1948-May 1949 are available upon request.
9 Revisions for 1946-48 are available upon request.
tRevised series. Data (covering electric, gas, and water companies) are available beginning January 1948.
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-19
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
FINANCE—Continued
SECURITIES ISSUED—Continued
Securities and Exchange Commission}— Continued
New corporate security issues:
215
Estimated net proceeds, total
mil. of dol__
Proposed uses of proceeds:
164
New money, total
do
133
Plant and equipment
do
31
Working capital
_
_
do_ __
46
Retirement of debt and stock, total__do __.
17
Funded debt _
__ _ do ._
29
Other debt
do
1
Preferred stock
do _
5
Other purposes
do
Proposed uses by major groups:
44
Manufacturing, total*
_ _ _ _ _ _ d o _.
22
New money
do
19
Retirement of debt and stock
_do. _ _
94
Public utility, total t
do
90
New money. .
do _ .
4
Retirement of debt and stock
do
20
Railroad, total
do _
13
New money
do
Retirement of debt and stock
do
7
Communication, total*
do _ _
11
1
New money
do
10
Retirement of debt and stock
do
]
6
Real estate and financial, total
do
6
New money __
do
Retirement of debt and stock
do
0
State and municipal issues (Bond Buyer) :
Long-term
thous. of doL_ 218, 662
196, 516
Short-term.
do
268
407
327
565
605
255
538
480
658
1,055
328
347
163
109
54
61
19
22
20
43
260
214
46
98
58
37
3
49
270
159
111
41
17
24
0
16
331
223
108
151
111
37
2
83
453
405
48
104
39
53
12
48
190
130
60
46
30
13
3
18
371
242
129
150
138
11
1
17
344
295
49
126
36
76
14
9
306
212
94
341
164
137
40
11
625
451
174
381
311
65
5
49
238
178
60
32
17
14
0)
58
186
165
21
141
123
11
6
20
26
20
6
91
58
28
16
16
0
4
2
2
58
23
0
83
41
19
193
102
67
41
41
0
13
11
0)
11
6
.5
36
24
8
133
109
15
10
10
0
16
14
2
92
90
0
63
49
10
299
136
102
31
27
4
4
4
0)
85
70
6
31
27
3
208
148
30
93
27
66
205
202
2
20
6
(')
63
47
14
116
84
32
13
13
0
49
38
11
206
130
67
107
85
22
18
18
0
132
75
50
34
24
7
234
189
44
31
27
4
23
22
1
86
22
61
186
80
103
312
111
199
69
39
30
13
13
0)
31
27
1
169
109
52
560
370
175
74
15
40
64
3
60
127
92
35
56
43
13
105
93
13
10
10
0
21
18
3
28
23
1
48
29
8
210
98
110
35
35
0
3
3
0)
33
17
14
332, 957
105, 586
230, 822
46, 514
265, 519
119, 155
255, 707
126, 144
248, 176
178, 972
568, 839
167. 04 /
361, 726
100, 279
184, 192
114, 088
355, 150
119, 129
361, 302
79, 256
206, 855
136, 896
301, 442
166, 549
216
420
153
371
128
244
237
294
198
284
154
237
103
230
140
364
142
342
190
387
154
370
167
518
132
336
699
548
404
740
580
418
783
586
416
813
596
445
306
881
633
523
901
669
493
953
669
522
1,018
666
579
1,084
678
619
1,175
657
750
314
1,256
673
827
1,208
712
755
1,231
780
752
101. 82
102. 28
72.07
101. 80
102. 27
71.82
101. 81
102. 27
72.48
102. 00
102. 45
72.92
102. 43
102. 89
73. 70
102. 11
102. 56
74.46
101. 95
102. 38
74.80
101. 78
102. 20
75.48
101. 53
101. 94
75.81
101. 43
101. 84
75.89
100.94
101.37
73.92
101. 25
101. 72
71.71
101. 33
101. 79
72.56
121.7
129.1
103. 63
122.1
128.6
103. 86
121.9
128.8
103. 90
122.2
129.6
104. 22
122.5
130.3
104. 36
122.7
131.3
104. 16
122.7
131.7
103. 62
122.7
131.5
103. 24
122.5
131.2
1C2. 87
122. 1
131. 5
102. 73
122.0
131.0
102. 42
121.5
131.1
102. 24
122.1
134.8
102. 28
60,737
78, 549
47, 468
59, 560
51, 480
68, 959
64, 646
84, 467
84, 642
111, 120
107, 958
144, 088
67, 512
84, 939
88, 494
116, 471
77, 916
97, 114
84, 941
96, 720
100, 444
113, 114
106, 848
132, 672
82, 962
100, 627
57 108
73,916
44, 469
55, 721
47, 938
64, 706
60,157
79, 064
80, 274
105, 909
103, 400
138, 310
63, 443
78,760
84, 757
111, 305
75, 161
93, 378
82, 036
92, 926
97, 466
109, 088
103, 389
128, 381
80, 536
97, 044
66, 223
52
66, 171
59, 388
6,769
55, 413
61
55, 352
47, 169
8,166
63, 934
12
63, 922
56, 494
7,412
74, 692
0
74, 692
67, 065
7,598
99, 080
22
99, 058
91, 063
7,938
119, 727
25
1 19, 702
108, 323
11, 280
68, 487
72
68, 415
59, 215
9,161
98, 704
1
98, 703
87, 246
11, 420
85, 117
24
85, 093
76, 453
8,616
82, 347
14
82, 333
75, 038
7,261
105, 474
10
105, 464
97, 132
8,262
113, 040
37
113, 003
105, 879
7,044
80, 582
12
80, 570
74, 865
5,687
133, 643
131, 956
1,432
131, 254
129, 017
1,988
132, 210
130, 535
1,422
129, 874
127, 644
1,981
132, 221
130, 509
1,458
129, 870
127, 608
2,012
132, 445
130, 726
1,463
129, 854
127, 597
2,007
128, 464
126, 755
1,452
125, 410
123, 190
1,970
128, 021
126, 290
1,475
125, 373
123, 142
1,981
127, 777
126, 054
1, 469
125, 332
123,119
1,963
125, 846
124, 116
1,476
123, 645
121, 440
1,955
125, 497
123, 766
1,477
123, 610
121,411
1,949
125, 353
123, 633
1,466
123, 581
121, 400
1,931
124, 633
122, 957
1,421
123, 471
121, 298
1,923
125, 209
123, 581
1,375
123, 660
121, 493
1,917
125, 257
123, 607
1,396
123, 612
121, 437
1,924
2.92
2.90
2.90
2.89
2.86
2.83
2.83
2.84
2.84
2.86
2.87
2.90
2.85
2.62
2.71
2.96
3.40
2.60
2.69
2.95
3.37
2.61
2.70
2.94
3.36
2.60
2.68
2.93
3.35
2.58
2.67
2.89
3.31
2.57
2.65
2.85
3.24
2.58
2.65
2.86
3.24
2.58
2.66
2.86
3.24
2.60
2.66
2.86
3.23
2.61
2.69
2.88
3.25
2.62
2.69
2.90
3.28
2.65
2.72
2.92
3.32
2.61
2.67
2.87
3.23
2.70
2.86
3.21
2.68
2.84
3.19
2.68
2.83
3.20
2.67
2.81
3.20
2.65
2.79
3.14
2.63
2.79
3.07
2.63
2.78
3.08
2.64
2.78
3.08
2.64
2.79
3.08
2.65
2.81
3.12
2.66
2.81
3.15
2.69
2.83
3.19
2.66
2.80
3.08
2.12
2.20
2.24
2.16
2.22
2.22
2.13
2.21
2.22
2.11
2.17
2.20
2.08
2.13
2.19
2.05
2.08
2.20
2.02
2.06
2.24
2.01
2.07
2.27
2.03
2.08
2.30
1.99
2.07
2.31
2.00
2.09
2.33
1.85
2.09
2.34
1.83
1.90
2.33
0)
0)
0)
0
23
11
T
r
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
_ __
Wheat
mil. ofbu
do
SECURITY MARKETS
Brokers9 Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances _.
Money borrowed
mil of dol
do
do
do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total§
dollars-Domestic
do
Foreign
-_
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
Composite (17 bonds)*-- .dol. per $100 bond-Domestic municipal (15 bonds)
do
U. S. Treasury bonds, taxable
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
thous. of dol- _
Face value
do
New York Stock Exchange:
Market value
do
Face value
__
do
New York Stock Exchange, exclusive of stopped
sales, face value, total§
thous. of doL.
U. S. Government
do
Other than U. S. Government, total§
do
Domestic
_ - _ . _ _
do
Foreign
___
do
Value, issues listed on N. Y. S. E.:
Market value, total, all issues§
mil. of dol_Domestic
.__
do
Foreign
_ _
do
Face value, total, all issues §_
__do
Domestic.
___
do
Foreign
_ _
do
Yields:
Domestic corporate (Moody's)
percent- By ratings:
Aaa
do
Aa -_
. _ do
A
do
Baa
do
By groups:
Industrial
do
Public utility
do _.
Railroad
do
Domestic municipal:
Bond Buyer (20 cities)
do
Standard and Poor's Corp. (15 bonds)
do..-U. S. Treasurv bonds, taxable
do
«- Revised.
1 Less than $500,000.
{Revisions for 1948-April 1949 are available upon request.
*New series. For S. E. C. data, see corresponding note on p. S-18. Bond prices are averages of weekly data for high-grade corporate issues; monthly data beginning 1900 are available upon
request.
tRevised series. See corresponding note on p. S-18.
.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price
of all listed bonds.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1949
August
Se
berm"
October
1950
November
December
January
F
|kru-
March
Apri]
May
June
July
August
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments...
mil. of dol—
Finance
do
Manufacturing
_-do
Mining
-- do
Public utilities:
Communications
- do
Heat light and power
do
Railroad
do
Trade
-do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody's) :
Dividends per share, annual rate (200 stocks)
dollars .Industrial (125 stocks)
- - - do
Public utility (24 stocks)!
do
Railroad (25 stocks)
do
Bank (15 stocks)
--do.-.
Insurance (10 stocks)
do
191.6
37 0
94.3
1.5
721.1
43 7
448.6
61.3
465. 8
71 7
207.4
6.4
189.6
27 8
103.1
1.4
1, 482. 1
135.3
1,015.5
95.4
530.2
103.3
232.1
4.6
213.2
37.1
103.2
1.5
818.4
54.6
509.9
69.5
483.2
78.4
216.0
5.6
210.6
31 3
120.1
3.0
892.1
73 5
549 5
64.6
509.4
113.3
224.1
5.2
212.9
42 2
106. 5
.4
41 2
59
8.6
2 7
25.5
47 7
27.5
46.7
20.1
58.4
57 7
15.5
40.5
8.2
.4
41 9
3.6
7.9
3.5
29.6
59.1
51.2
62.5
33.5
60.7
46.3
11.7
58.4
13.1
.5
40.6
11.4
16.7
2.2
28.0
52.6
34.3
48.1
21.4
63.0
49.3
19.4
41.8
9.7
.6
42 0
3.0
7.6
3.0
30 5
60 5
42 4
48.4
22 7
61.1
48.9
9.3
37.1
10.4
.6
41 1
7.0
7.5
4.4
3.03
3 10
1.66
2 46
2.33
2.03
3.01
3 08
1.68
2 45
2.33
2.10
3.01
3 09
1.68
2 36
2.37
2.11
3.26
3.42
1.68
2 30
2.39
2.11
3.27
3.44
1.68
2.24
2.47
2.34
3.26
3.42
1.69
2.25
2.47
2.40
3.27
3.43
1.70
2.16
2.47
2.40
3.27
3.44
1.70
2.11
2.47
2.40
3.29
3.47
1.71
2.11
2.47
2.41
3.32
3.51
1.74
2 04
2.47
2.41
3.34
3 53
1.74
2 04
2.48
2.41
3.39
3.59
1.78
2.04
2.48
2.43
3.63
3.91
1.7S
2 05
2.48
2.43
Price per share, end of month (200 stocks).. do
Industrial (125 stocks)
do
Public utility (24 stocks)!
do--_
Railroad (25 stocks)..
do
46.64
46 91
28. 76
27.52
47.72
48 18
29.58
28.30
49.25
49 94
29.82
28.26
49. 27
49 89
29.81
28 37
51.39
52.28
30. 57
30.42
51.94
52. 58
31.60
31. 70
52.38
52.88
31.91
31.52
53.07
53.76
32.08
31.30
55.05
56.17
32.47
31.38
57. 32
58. 79
33. 51
31.64
54.09
55 56
31.07
29.49
54.98
56.43
29.73
34. 61
56. 80
58. 68
30. 07
34. 25
Yield (200 stocks).
percent-Industrial (125 stocks)
do
Public utility (24 stocks) f _ _
- .-.do
Railroad (25 stocks)
- --do ...
Bank (15 stocks)
do
Insurance (10 stocks).. _
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks) f
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)
percent-Prices:
Dow-Jones & Co., Inc. (65 stocks) dol. per share. Industrial (30 stocks)
- - do _
Public utility (15 stocks)
do
Railroad (20 stocks)
-- -do Standard and Poor's Corporation:
Industrial, public utility, and railroad:!
Combined index (416 stocks)— 1935-39 =100-Industrial, total (365 stocks)
do
Capital goods (121 stocks)
do
Consumers' goods (182 stocks)
--do
Public utility (31 stocks)
- do
Railroad (20 stocks)
do
Banks N Y C (19 stocks)
do
Fire and marine insurance (18 stocks)... .do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil of dol
Shares sold
. . . . . thousands _
On New York Stock Exchange:
Market value
- -mil ofdol..
Shares sold
-- thousands. _
Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands. _
Shares listed, New York Stock Exchange:
Market value, all listed shares..
.mil. of dol—
Number of shares listed
millions .
6.50
6 61
5.77
8.94
4 51
3.26
6.31
6 39
5.68
8.66
4 52
3.21
6.11
6 19
5.63
8.35
4 41
3.10
6.62
6 86
5.64
8.11
4.61
3.00
6. 36
6.58
5.50
7.36
4.54
3.18
6.28
6. 50
5.35
7.10
4.55
3.37
6.24
6.49
5.33
6.85
4.32
3.28
6.16
6.40
5.30
6.74
4.42
3.30
5.98
6.18
5.27
6. 72
4.38
3.44
5.79
5.97
5.19
6.45
4 26
3.29
6.17
6 35
5.60
6.92
4 54
3.41
6.17
6.36
5.99
5.89
4.50
3.74
6.39
6. 66
5.92
5.99
4.50
3.51
6 60
2.52
1 37
7 05
2. 36
5 47
6 75
2 37
3 45
rg 50
rf)
P
58
5 67
3.90
3.85
3.88
3.89
3.88
3.83
3.84
3.81
3.82
3.82
3.85
3.92
3.85
63.79
179 24
36 54
46 14
64. 68
180. 93
37 65
46 65
66.66
186. 47
38 25
48.68
67.98
191. 61
39 22
48.46
70. 35
196. 78
40. 55
51.21
72.53
199. 79
41.52
54.68
73.64
203. 46
42.62
55. 16
74.52
206. 30
43 16
55. 48
75. 86
212. 67
42 86
55.72
77.68
219 36
43 61
56. 36
77.37
221 02
43 04
54 96
73. 22
205. 30
38 69
56. 40
77. 56
216.60
38 88
62. 48
121.8
128.0
114 5
127.4
98.5
94 2
95 5
144.9
123.8
130. 3
116.0
129.2
100.0
95 1
96.8
149.0
127.3
134.4
119.7
133.0
101.2
97 6
99.5
157.2
129.1
136. 5
123.8
135.2
102.6
96 2
99.3
160.1
132.7
140. 3
128.6
140.2
104.1
101 0
99.6
168. 1
135.1
142.6
132.1
143.4
105.8
107.8
101.8
168.5
136.7
144. 4
134.5
145.3
107.4
107.2
104.2
169.0
138.8
146.5
136.3
146.5
109.6
108.5
107.7
170.6
141.8
150. 0
141.4
148.7
111.0
109 5
104.5
166.7
146.9
156. 1
148.9
152. 4
112.8
109 7
107.9
166.4
147.7
157.6
149.7
154.6
111 5
107 1
108 5
171.0
138. 2
147. 3
138. r,
141.8
103. 0
109 7
102. 2
157. 1
147.2
158.0
149.4
149.1
104.2
120 6
104.6
159.2
807
39, 057
871
40, 457
1,083
51,455
1,222
55, 245
1, 480
68, 535
1,663
73, 807
1,374
59, 240
1,690
67, 872
1,807
86, 339
1,866
81,089
1,949
73, 396
1 , 930
72, 026
1, 700
65, 977
672
28, 977
729
29, 937
906
38, 474
1,035
40,464
1,252
52, 028
1,409
56, 037
1,164
45, 078
1,422
54, 725
1,532
64,018
1,605
62, 181
1,680
57, 257
1, 692
57, 074
1 , 456
50, 038
21,785
23, 837
28, 891
27, 244
39, 293
42, 576
33, 406
40, 411
48,245
41.604
45,647
44, 549
34, 473
68,668
2,154
70, 700
2,162
72,631
2,145
73, 175
2.152
76. 292
2, 166
77, 940
2,181
78, 639
2,184
79, 483
2,204
82,415
2,213
85, 625
2,225
80, 652
2,236
82, 000
2,247
85, 053
2,257
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
3,685
2 770
315
do
600
3, 506
2,664
359
483
3,271
2,448
335
488
3,480
2 582
361
537
do
do
do
2 346
1.593
68
685
2 401
1,830
92
479
2 567
1, 961
77
529
2 741
1,993
108
640
do
+1,339
+ 1,105
+704
+739
— 1,403
—112
-1.291
—1,212
-1,074
—1, 130
-109
-1,021
—1.226
-111
-1.115
—332
154
— 178
—224
— 1S7
-67
— 151
—75
-76
— 137
—90
—47
—9
+225
+248
+608
—91
+165
+203
+29
+496
-59
+127
-13
Exports of goods and services, total. ... .mil. of dol_.
M^erchandise adjusted
do
Other services
Merchandise adjusted
Income on foreign investments in TJ S
Other services
Balance on goods and services
Unilateral transfers (net) total
Private
Government
do
do
-do _ _
TJ S long- and short-term capital (net) total do
Private
do
Government
do
Increase (— ) or decrease (+) in U. S. gold stock
mil of dol
Errors and omissions.. ...
r
-
.. do .
Revised.
v Preliminary.
fRevised series. Data for American Telephone and Telegraph stock (included in figures for 200 stocks) are excluded. Monthly data for 1929-48 are available upon request.
§Number of stocks represents number currently used; the change in the number does not aflect the continuity of the series.
3.r>
SURVEY OF CURKENT BUSINESS
Octolipr lOfiO
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-21
1949
August
September
1950
October
November
December
January
February
March
April
May
June
July
August
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE 1
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
-Vdjusted
Imports for consumption:
Unadjusted
\djustcd
1936-38=100
do
do
197
359
182
203
369
182
195
347
178
192
342
178
214
383
179
169
302
179
177
314
177
200
352
176
188
328
175
193
334
173
203
355
175
178
313
176
do
do
... .. _do_ _
115
250
218
117
258
220
125
273
218
134
289
215
133
289
217
138
304
220
129
288
223
143
322
225
123
279
227
141
319
226
143
331
232
143
344
241
1924-29 - 1 00
.do _
91
104
93
77
99
72
99
77
116
93
89
85
98
113
103
116
98
124
89
122
103
157
69
104
do
do
154
155
152
124
136
106
133
117
136
122
100
104
103
124
110
125
126
150
102
120
102
124
98
125
do_ _
do
97
105
102
107
98
99
114
120
111
108
112
105
109
105
114
101
104
98
103
105
108
118
113
126
5, 459
5, 975
4, 553
6, 247
3, 083
6, 271
3, 705
6,298
3, 815
6, 058
2, 628
6, 654
2, 676
5, 289
3, 012
7,196
4. 430
6, 432
5, 519
- 6, 962
5, 585
7,441
-841
-944
746
773
868
810
-828
876
i 774
- 40, 203
152, 886
-r 277, 667
150, 979
- 122, 040
- 96, 906
- 47, 651
197, 069
324, 506
144, 997
118, 933
110, 359
24, 315
- 144, 856
- 238, 066
- 128, 763
- 116, 681
- 92, 970
28, 220
169, 400
288, 202
148, 781
125, 439
108, 130
29, 665
132, 514
265, 013
165, 502
111, 309
106, 071
29, 591
150, 178
238, 641
191, 586
107, 934
106, 527
36, 381
152, 616
278, 678
174, 192
108, 431
125, 627
28, 746
119. 064
176 003
165, 561
114, 866
100, 602
3,546
13, 952
2,758
- 18, 727
2,338
6,876
1,714
9,198
2,764
11,832
3,416
12, 189
2,513
16, 654
3, 291
9,170
8,064
1,839
714
9,977
24, 479
4,243
35, 213
13, 333
2, 037
3,250
- 17, 431
-38,811
12, 032
41, 425
10, 179
1,275
3,400
16, 818
- 33, 572
- 9, 615
- 19, 597
' 8, 043 10, 361
1, 706
1,408
8,199
4,186
20, 521
36, 552
- 33, 106 - 29, 893
6,382
6,842
17, 343 - 24, 007
- 10, 456
1,424
838
18, 384
28, 030
7,591
23, 945
6,906
1,586
599
31, 458
35, 872
7,010
22, 238
12, 151
1,980
4,096
25, 145
33, 477
5,522
22, 193
5,986
1, 703
2, 957
17, 424
33, 552
3,518
17, 151
r 32, 173
- 64, 193
- 23, 904
21
42, 496
- 30, 719
60, 807
- 37, 617
122
- 54, 873
r 36, 937
- 34, 062
27, 523
13
r
28, 189
- 42, Oil
- 32, 242
32, 343
130
- 56, 434
20, 331
36, 662
40, 326
292
' 49, 989
25, 654
37, 178
34, 347
77
29, 284
37, 628
57, 199
39, 624
26
24, 437
14, 198
20, 135
17, 652
9
23, 920
- 150, 939 - 144, 992 - 128, 761 - 120, 192 - 148, 776 ' 165, 491 191, 519
r 208, 282 - 214, 861 - 198, 684 r 189, 218 * 215, 698 ' 205, 832 204, 432
8,730
- 9, 516
10, 751
15, 624
11, 551
11,818
10, 344
18, 954
18, 672
19, 468 - 22, 834
21, 862
- 18, 948
22, 670
12, 698
- 6, 315
6,712
>• 9, 397
6,823
6,096
- 5, 763
- 12. 492
16, 403
14, 261
13, 955
22, 755
23, 612
17, 303
32, 872 - 38, 248 - 32, 622
27, 336
32,
983
31,
243
33, 837
- 35, 817 -f 38, 291 - 41, 314 - 34, 690 - 39, 463 - 36, 758
35, 532
36, 721 - 31, 004 - 32, 174 - 36, 193 «• 32, 222
33, 014
30, 286
174, 142
223, 550
14, 774
27, 696
5,697
28, 681
36, 695
40, 160
34, 692
165, 530
199, 572
8, 963
27, 931
4, 333
20, 580
38, 294
39, 645
26, 202
813
865
-1763
167, 150
55, 047
49. 202
89, 691
451, 807
192, 522
59, 710
49, 864
93, 452
469, 266
107, 249
54, 090
55, 483
84, 002
461, 640
233, 593
90, 245
14, 448
54, 025
10, 036
263, 309
127, 912
16. 377
60, 232
12, 732
177, 547
46, 058
13, 756
70, 649
11, 581
579. 304
9,150
53, 903
60, 928
5,525
40, 500
601, 504
9,854
68, 726
B5, 181
4,623
47, 335
584, 917
3,103
62, 483
53, 357
4,075
34, 149
-
Shipping Weight
Water-borne trade:
Exports, including reexports, thous. of long tons__
General imports
do
Value
-909
••853
••883
Exports, including reexports, total
mil. of dol.
By geographic regions:
r
49, 814 r 42, 535
37, 709
*\frica
thous. of dol
174, 189
'r 175, 869 188, 122
Vsia and Oceania
do
280, 773 286, 556 - 285, 200
Europe
do
152, 274 - 147, 639
- 169, 730
Northern North America
do
- 106, 618 104, 971 ' 105, 386
Southern North America
do
112, 752
127, 276 - 97, 589
South \inerica
do
Total exports by leading countries:
Africa:
2,991
3,589
3,636
Egypt
do
20,411
17, 525 - 18, 060
Union of South Africa .__
__do __.
Asia and Oceania:
11, 419
10, 606
7,937
Australia, including New Guinea
do
2,616
2, 167
2,816
British Malaya
do
280
820 r
965
China
do
14, 979
14, 177
16, 580
India and Pakistan
do
34, 333 r 42, 593 - 32, 020
Japan
do
6,605 f 5,813
7,944
Indonesia
do
39, 036
«- 28, 979 - 32, 758
Republic of the Philippines
do
Europe:
29, 279
r
26,
850
22,
868
France
do
59, 107
63,379
Germany
.
-do _._ r 63, 422
28, 407
20,
440
19,
139
Italy
do
60
80
128
Union of Soviet Socialist Republics
do
55, 910
52,
372
53,
203
United Kingdom
do
North and South America:
- 169, 725 r 152, 271 - 147, 636
Canada, incl. Newfoundland and Labradorf-do
Latin-American Republics, total _
_do__ - 204, 429 ' 217, 694 r 190, 935
11, 530 - 10, 238
13, 731
Argentina
do
32, 918 - 19, 472
25, 025
Brazil
_
. _ . _.. . do. .
8,952
'
13, 138
10, 071
Chile
do
9,662
11, 644
11, 738
Colombia _
_
__do
r
30,
981
34,
777
26, 610
Cuba
do
- 31, 575 r 30, 856 r 36, 412
Mexico
--_do
41,
799
34,
287
38, 438
Venezuela
do
Exports of U. S. merchandise, total
mil. of dol_.
'876
By economic classes:
108, 346
Crude materials
thous. of dol
- 124, 502
Crude foodstuffs
do
49, 726
Manufactured foodstuffs and beverages. -do
- 100, 614
Semimanufactures
do
Finished manufactures ___do_ _ _ * 492, 717
By principal commodities:
- 244. 520
Agricultural products, total J
do
Cotton unmanufactured
do
28, 381
9,389
Fruits, vegetables, and preparations d" --do
125, 374
Grains and preparations
do
* 12, 932
Packing-house productscf
do
Nonagricultural products, total J .
do
Aircraft, parts, and accessories§
do
Automobiles, parts, and accessoriesc?§--do
Chemicals and related productscf
do
Copper and manufactures cf
do
Iron and steel-mill products
_
do
3,539
' 133, 865
- 83, 843
' 63, 475
- 86, 718
T
478, 144
r
'833
-935
••737
- 31, 531
- 149, 211
- 272. 564
- 120, 197
- 100, 058
- 99, 679
2, 160
8, 592
r
33, 272
- 42, 177
31, 846
38
54, 683
765
-859
801
- 130, 710 - 171, 502 - 121, 553 - 143. 523 - 165, 109 146, 027
91, 834 - 66, 604 *• 68, 450
* 94, 658
64, 465 - 66, 313
63, 826 ' 49, 165 r 44, 053 - 48, 472 - 54. 379
' 59, 210
- 83, 335 - 101, 159
77, 509
86, 917 r * 91, 216 - 87, 466
- 465, 379 * 506, 366 - 421, 906 - 421, 746
489, 612 - 446, 493
245, 842 r 259, 948 r 259, 315 - 299, 850 - r224, 870 - 248, 988
106, 050
105, 389
36, 126
69, 358
84, 667
71, 704
14, 893
16, 129
11, 299
18, 402
10, 107
15, 757
105, 949 r 92, 989 r 99, 738
104. 866 ' 80, 425 ' 70. 153
r 12, 372 - 10, 291 - 12, 865 - 14, 221 r 10, 436
13, 815
r
260, 973 «• 235, 145
111,492
78. 875
- 14, 523 - 13, 909
66, 517 - 69, 218
- 15, 353
10, 463
586, 096 ' 573, 978 ' 634, 837 - 511, 868 ' 515, 701 * 597, 901 r 565, 533
10, 954
14, 653
' 15, 276 •• 8, 048
11, 386
12, 457
7, 987
- 53, 876 -f 44, 631 'r 42, 147 - 44, 839 'r 47, 316 'r 49, 646 «• 46, 881
66, 678 - 49, 627
52, 631
62, 076
61, 572
58, 397
60, 220
- 5, 052
9,390
5,514
8,130
7,215
3,727
4,717
6,580
' 67, 710 - 37, 681 ' 26, 094 ' 48, 907 r 41, 467 - 40, 317 - 39, 868 * 39, 156
' 631, 386 «• 653, 981
7,224
- 6, 914
-f 53, 539 - 56, 692
58, 560
f 58, 263
- 64, 123
-846
'900
- 122, 839
- 102, 394
' 52, 438
- 104, 400
' 517, 753
r
2
760. 7
2
750
T
r
170, 761 ' 203, 073 ' 162, 072 f 159, 873 ' 194, 353 r 174, 747 173, 933 176, 023
197, 796
r 181, 562 ' 193, 743 177, 900
Machinery, totalc?§
do
8,892
7,808
10, 022
10, 108
7,923
10, 669
10, 883
10, 759
9, 696
7,897 r 6,838
6,527
Agricultural c?
-do
- 21, 020
22, 580 - 21, 337
22, 773
19, 921
- 24, 201
19, 546 >• 23, 410
24, 224
21, 926
20, 411
Tractors, parts, and accessories* §
do
20, 700
36, 905
29, 695
35, 290 - 31, 684 - 35, 515 r 31, 922 - 37, 697 - 27, 472 - 30, 818
30, 631
33, 366
27, 145
Electrical d" §
- do '
15, 792
17, 008 - 13, 621
15, 741 - 20, 743
14, 836
16, 046
16, 238
17, 374
17, 037
16, 729
15, 484
Metal working
do
- 79. 730 ' 91, 124 r 76, 523 - 75, 460 - 90, 695 - 71, 055 - 67, 236 - 81, 311 - 74, 380
75, 370
77, 433
72, 957
Other industrial 0"
do
40, 419
32, 581 ' 36, 907 - 35, 442
42, 694 r 35, 373
40, 131
40, 968
38, 920
40, 050
Petroleum and products
do
48, 708
40, 397
44, 085 - 50, 269
44, 638
44, 701
40, 154
44, 119
32, 029
49, 874
43, 887 - 49, 652 - 33, 675
33, 128
Textiles and manufactures-- . ._ _ do. __
- Revised. l Includes MD AP shipments valued at $47 million representing shipments made in April, May, and June 1950. 2 Includes MD AP shipments valued at $21.4 million.
{Revisions for various periods in 1947 and 1948 have been made (since publication of the 1949 STATISTICAL SUPPLEMENT) in most of the foreign-trade items and there will be further changes
beginning 1946 as final data are completed by the Bureau of the Census; moreover, the revaluation of tin imports and the transfer of certain "relief and charity" food items from the nonagricultural exports group to the agricultural group have affected the pertinent series back to 1942. Revisions will be shown later.
llndex base changed in this issue of the SURVEY from 1923-25 to 1936-38. Data prior to August 1949 will be shown later.
t Re
vised series. Figures beginning January 1949 have been revised to include data for Newfoundland and Labrador.
d1 Data beginning 1948 have been adjusted in accordance with the 1949 commodity classifications. Revised figures for January-July 1948 are available upon request.
§Excltides "special category" exports not shown separately for security reasons.
*New series; included with agricultural machinery prior to 1948.
SUEVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
September
October
November
December
January
February
April
March
May
June
July
August
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE §— Continued
Value— Continued
General imports, total
thous. of doLBy geographic regions:
Africa
do
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
Egypt
,
do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
British Malaya
do
China
do
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada, incl. Newfoundland and Labradorf
thous of dol
Latin-American Republics total
do
Argentina
do
Brazil
do
Chile
do
Colombia
do
Cuba
do
Mexico
do
Venezuela
do
Imports for consumption total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products total
do
Coffee
do
Hides and skins
do
Rubber crude including guayule
do
Silk unmanufactured
do
Sugar
do
Wool and mohair unmanufactured
do
Nonagricultural products total
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
total
thous of dol
Copper, incl. ore and manufactures _ _ do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
' 490, 787 ••530,444 ' 557, 102 ••592,916 ' 604, 800 '623,321 ' 599, 994 ' 664, 346 ' 583, 327
20, 014
' 28, 902
r 97, 739
' 101,615
' 64, 319 T 79, 106
' 120, 964 >• 119, 435
r
68, 643
68 610
' 115, 266 ' 136, 620
r
62
r
8,119
685, 624
708, 754
37, 635
137, 613
94, 419
167, 734
95 852
125, 689
36, 590
149, 525
99, 700
178, 458
87, 396
133, 957
33, 352
150, 439
103, 287
163, 136
94, 484
164, 056
593
8,252
262
202
11, 189
11, 878
304
8,773
11,008
17, 507
' 9,055
26, 644
10, 068
10, 357
19, 362
13, 148
21, 750
11, 070
20, 355
17, 152
7,107
21, 589
7,421
25, 516
11, 728
22, 418
15, 580
13, 505
20, 420
8,972
23, 932
12, 159
22. OC2
13, 759
10, 285
19, 393
r
5, 988
6,001
7,350
2,827
18, 287
6,542
4,897
5,798
3 558
23, 901
7,703
6,175
7,182
3,010
27, 171
8,262
6,268
6,590
4,300
28, 668
132, 164
185, 203
17, 686
43, 720
8,713
15, 663
29, 650
21, 277
26, 499
571, 750
167 589
206, 945
15, 881
45, 149
16, 248
13, 357
36, 598
26, 598
23, 210
653, 788
178, 182
207, 014
13, 804
37, 912
16, 621
15, 587
29, 078
25, 131
26, 921
679, 108
163, COS
244, 582
17, 432
64, 995
7,977
26, 137
34, 241
22, 251
25, 722
705, 937
r 162, 495 ' 183, 495 168, 894 ' 183, 891 ' 161, 857
r 152, 625 ' 154, 409 ' 139, 891 ' 128, 460 109, 378
T
80 124
' 41 457 ' 46 860 58 090
61 858
'131,302 ' 138, 523 ' 130, 824 r 146, 894 ' 130, 474
r
108, 184
' 103, 905 ' 99, 479 ' 92, 226 120, 315
167, 766
117, 124
75 971
169, 049
123, 879
183, 771
119, 916
75 144
180, 392
119, 885
183, 620
154, 608
86, 480
162, 134
119, 095
' 292, 905 ' 295, 299 r 306, 320 ' 262, 657
r
104, 945 ' 84, 607
73, 089
64, 126
7,539
7,973
7,175
7,653
19, 218
' 19, 837
22, 947
' 29, 598
1,192
1,238
1,270
1,588
301
115
' 16, 182
27, 614
43, 344
6,827
30, 393
' 23, 761
26, 053
37, 061
35, 081
31, 863
27, 925
22, 138
' 321, 464 ' 319, 766 ' 329, 860 ' 294, 626 ' 353, 363 ' 309, 094
6,599
5,792
7,828
11, 368
9,318
' 4, 526
278, 788
58, 679
8,506
23, 786
1,215
37, 067
31, 055
375, 000
8,030
289, 174
56, 374
11, 990
33, 853
1,422
31, 109
31, 044
389, 934
5,293
335, 205
105, 153
11,664
29, 994
1,706
39, 465
39, 340
370, 732
8,308
43, 866
11, 789
6,955
15, 898
33, 703
47, 675
71, 606
23, 283
17, 456
21, 438
44, 927
45, 295
80,160
32, 771
14, 911
23, 865
40, 544
47, 054
63, 987
12, 779
21, 230
20,830
38,410
44,211
27, 206
18, 121
11, 166
3,493
1,289
617, 914
28,868
19, 287
12, 418
3,741
1,419
665, 511
28, 591
20,717
12, 367
3,498
1,539
762, 097
28, 860
18, 134
11,654
3,252
1,459
723, 803
18,304
42
18, 501
18, 174
*5
17, 226
67
9. 8516
1,191
121,300
9. 9051
1,227
124, 400
9. 9343
1,152
117, 400
' 9. 8370
1,048
113, 000
9. 8954
1,099
2,875
614
56
159
164
34
72
341
1,434
2,980
572
56
171
159
34
239
325
1,424
3,905
705
73
227
229
36
388
400
1,846
3,018
3,374
617
59
202
215
31
324
352
1,574
170
6, 584
9, 702
r
' 12, 435
' 5, 154
6,587
4, 647
f
18, 595
' 15, 473 r 15, 472
r
r
13,334
9,430
6, 378
T
' 22, 693
18, 658
20, 545
r
6, 339
6,792
8,035
r
' 12, 093
10, 628
10, 101
r
r
16, 166
15,351
15, 133
r
r
' 4, 802
5, 003
2,588
r 2, 498
' 4, 415 ' 7, 221
r
2, 759
7 090
' 20, 621 * 18, 878
5, 002
2, 837
6, 819
2 961
16 117
r
6,580
4, 048
' 6, 641
r
I, 791
r
22, 708
r
r 120 555
r
174 560
5,044
39, 866
r
11,959
21, 844
33, 349
15, 081
21 680
r
513, 117
r
119 435
193, 346
6,716
r
53, 775
r
10, 045
20, 604
r 32, 670
' 15, 680
23 357
r
528, 850
' 139 234
r
188, 544
r
8, 765
r
48, 778
6,519
23, 754
32, 014
' 16, 689
27, 004
r
560, 155
r
r
r
r
r
r
159, 945
137, 886
' 91, 747 ' 103, 238
r 59 527
r 69 231
r
114, 428 ' 106, 211
r
r
99, 930
99 825
r
T
295
13, 984
5 183
17, 082
* 8, 856
17, 252
' 5, 772
8,970
20, 569
r
r
658, 942
' 26, 433 ' 49, 253
* 46, 947
' 28, 605
r 127, 662 ' 114, 890 r 125, 491 r 139, 631
' 79, 526 ' 98, 253 r 83, 044
' 89, 317
r
127, 910 r 125, 700 r 149, 990 r 132,310
' 89, 029
89, 413
111, 774
81, 569
' 162, 969 r 141, 212 r 131, 800
118, 167
r
' 27, 198
34, 405
27, 098
r
108, 473 ' 118, 363 r 106, 773
r
r
89, 449
81, 092
' 79, 656
r
139, 386 r 157, 533 r 145, 325
r
69, 687
' 68, 587 ' 69, 699
T
132, 803 T 131, 786 r 167, 506
r
225 304
55, 294
'7,011
17 171
r
160, 559
154, 555
r
110, 521 ' 139, 809
' 64 793 r 60 950
* 119, 495 r 130, 114
r
104, 788 r 106,314
239, 518 ' 240, 335
65, 812
65, 984
6,045
' 6, 655
15, 892
15, 165
r
45
71
156
37, 683
20, 734
287 812
r
8 303
27, 741
22, 553
r
289, 332
' 10, 864
29, 276
22, 472
319, 820
13, 651
59 252
15, 196
18, 892
' 16, 495
38 192
r
35, 417
r 51
r
010
13, 179
21, 370
13, 677
33, 636
38, 321
157,331
187, 828
r
6, 039
r
61, 519
7,547
' 22, 729
r
27, 610
' 19, 437
' 22, 231
' 591, 742
r
r
r
404
3,290
6,540
12, 296
9,701
9,010
10, 998
11, 841
18, 006
13, 111
7,535
11,638
r
19, 122
' 19, 494
16, 472
12, 647
T
6, 732
8, 655
6,940
' 10, 100
r
19, 233
23, 122
' 21, 367
26, 380
r
r
9,553
7,013
9, 530
11, 859
' 9, 218 ' 8, 704 ' 5, 598 ' 7, 003
* 15, 204 ' 14, 175
16, 268
10, 175
r
r
' 5, 484
' 4, 327
r
5, 789
1 700
r
21, 213
5,466
4,563
5,121
' 2, 448
r
18, 174
' 6, 777
r
4, 076
5,552
4,575
r
17, 729
8,092
5,367
' 9, 554
' 3, 446
r
21, Oil
' 144 973 r 127, 910 r 125, 700 r 149, 990
r 220, 998 ' 235, 603 r 219, 740 r 227, 015
r
* 16, 281
19, 003
18, 544
18,337
' 43, 049
' 55, 307 ' 41, 877
80, 747
12, 083
8,933
' 9, 928
' 10, 020
18, 736
30, 004
' 28, 650
21,345
' 19, 025
47, 824
' 12, 583
30, 808
22, 517
23, 478
27, 261
23, 708
r
r
32, 061
' 27, 265
21, 775
28, 471
r
591, 784 ' 622, 764 r 589, 925 ' 659, 683
r
r
r
r
' 270, 278 r 272, 017
r
77, 590 ••105,315
6,470
' 5, 627
' 22, 345
22, 631
r
59 711
56, 385
13, 024
14, 377
r
26, 707
17, 850
19, 132
' 24, 306
' 37, 487 35, 735
r
f 46, 204
43, 455
' 53, 637
' 19, 151
r
8, 702
20, 868
38, 921
f 48, 489
r
63, 034
r 19, 284
17, 360
22, 623
34, 576
54, 332
r
59, 510
' 20, 026
' 15, 340
19, 747
31, 708
38, 138
54, 018
14, 862
10, 593
21, 696
35, 606
51, 305
819, 400
818, 200
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
23,696
24, 946
26, 001
26, 014
28, 116
26, 037
29 370
28, 084
]VEiles flown revenue
thousands
14, 529
17, 329
22, 007
15, 784
18, 709
18, 161
19, 014
15, 734
Express and freight carried
short tons
9,276
9,714
13, 460
11 425
11, 443
11 791
11 381
10 177
Express and freight ton-miles flown thousands
3,685
4,952
3,302
3, 217
3,248
3,310
3 116
3,094
M^ail ton-miles
flown
do
915
942
1,109
941
1,286
1,080
1 326
1 339
Passengers carried revenue
do
466, 757
468, 709
552, 098
464, 170
593, 402
490, 167
616, 559
607, 332
Passenger-miles flown revenue
do
Express Operations
18, 655
19, 566
19, 372
23,190
20, 077
19, 808
19, 324
20, 487
Operating revenues
thous. of dol
56
67
19
54
<* 46
18
51
41
Operating income
do _
Local Transit Lines
9. 8029
9. 8428
9. 6399
9. 8029
9. 5523
9. 5158
9. 4793
9. 4501
Fares average cash rate
.cents
r
1,135
1,293
1,236
1,274
1,226
1,220
1,265
1, 180
Passengers carried revenue
millions
121, 100
114, 000
135, 100
123, 700
124, 200
116, 800
125, 100
121, 600
Operating revenues^
thous of dol
Class I Steam Railways
Freight carloadings (A. A. R.):d*
2,393
3,121
2,288
3,446
2,339
2,638
2,923
3,391
Total cars
thousands
435
259
787
626
205
559
459
410
Coal
- - - -do
56
59
'48
42
26
49
16
38
Coke
do
126
191
140
180
193
162
'
164
160
Forest products
do
162
157
206
214
206
240
217
216
Grain and grain products
._
do
52
37
29
37
48
69
75
41
Livestock
do
55
66
46
46
52
299
33
277
Ore
-- do
385
298
320
334
416
353
424
364
Merchandise, 1. c. 1
- -do
1,688
1,543
1,241
1,297
1,250
1,714
1,277
' 1, 365
Miscellaneous
do
d
' Revised.
Deficit.
fSee corresponding note on p. S-21.
§See note marked "t" on p. S-21.
JData for 1947 revised; see note marked "i" on p. S-22 of the September 1949 SURVEY.
c^Data for September and December 1949 and March and June 1950 are for 5 weeks; other months, 4 weeks.
223
469
58
176
222
26
329
306
1,433
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-23
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN SPORTATION—Continued
Class I Steam Railways—Continued
Freight carloadings (Federal Reserve indexes) :
Total, unadjusted
1935-39=100Coal
__
_
. do. _ _
Coke
do
Forest products
__
do
Grain and grain products
do
Livestock
do
Ore
do
Merchandise, 1. c. 1_- _ _ _
do
Miscellaneous. __ _
_
_do ___
Total, adjusted
do
Coal
;
do
Coke
do
Forest products
do
Grain and grain products
_ _ _ _ do
Livestock
_
do
Ore..
._
_ do _
Merchandise, 1. c. 1 do
Miscellaneous
do _
Freight-car surplus and shortage, daily average:
Car surplus, total
_
number
Box cars
do
Coal cars
do
Car shortage, total
do
Box cars
_
do
Coal cars
do
Financial operations (unadjusted) :
Operating revenues, total. - __ thous. of dol
Freight, _
_
do
Passenger
__
do
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of dol__
Net railway operating income
do
Net'incomet
do
Financial operations, adjusted:
Operating revenues, total
mil. of dol
Freight
_.
do
Passenger
do
Railway expenses
__
do
Net railway operating income _ _ _
do
Net income.
do
Operating results:
Freight carried 1 mile
mil. of ton-miles. .
Revenue per ton- mile
_
cents
Passengers carried 1 mile, revenue
millions
120
103
119
131
149
73
240
57
128
117
103
123
125
138
77
160
57
127
114
60
128
130
140
104
218
55
135
105
60
130
121
125
79
145
52
125
99
42
53
131
153
131
35
56
121
92
42
54
124
153
85
28
54
111
120
131
96
135
149
95
51
55
124
117
131
96
137
152
75
42
54
119
107
97
155
119
123
69
45
50
120
115
97
148
134
131
72
146
52
127
107
97
158
106
119
68
42
49
122
117
97
151
118
119
70
169
52
133
96
46
130
115
111
52
39
51
122
104
46
122
119
113
65
156
52
130
120
139
144
123
116
53
39
54
127
127
139
143
123
126
67
134
53
134
122
123
177
129
115
61
63
54
135
126
123
181
129
131
68
121
53
137
125
119
179
139
112
59
217
51
135
122
119
181
134
127
66
121
51
133
131
116
188
150
133
51
277
52
142
127
116
192
144
130
61
179
52
138
130
105
190
149
162
48
298
51
141
126
105
195
148
135
61
186
51
140
140
126
186
163
150
57
285
56
149
135
126
194
155
139
60
190
56
147
63, 822
11, 103
43. 570
2,451
2,254
113
74, 745
7, 697
62, 109
3,582
3,173
104
190, 978
3,451
183, 594
10, 924
10, 346
132
10Q, 208
2,368
92, 938
5,964
3,918
1,909
44, 382
8,303
25, 833
1,021
448
517
110, 945
17, 425
77, 385
224
111
37
165, 541
11, 701
139, 311
569
414
16
76, 055
4,867
58, 377
5,012
2,749
2,121
18, 362
5,103
4, 559
4,906
2,795
1,810
12, 178
3,189
1,957
6,663
2,986
3,080
6,625
1,949
513
11, 491
5,845
4,748
8,311
234
4,389
21, 154
13, 875
6, 103
4,346
16
39
38, 064
21, 846
14, 101
' 742, 772
r
606, 037
* 78, 640
r
587, 647
694, 969
569, 491
69, 833
540, 988
648, 924
534, 885
60, 993
520, 920
704, 806
587, 060
63, 776
537, 354
710, 830
575, 664
74, 379
568, 292
657, 044
537, 338
69, 725
546, 665
584, 928
481, 965
57, 845
501, 118
743, 326
630, 542
59, 555
574, 408
713, 820
601, 801
60, 555
562, 625
745, 406
634, 747
56, 801
580, 567
779, 182
649, 228
71, 660
588, 763
772, 161
639, 729
76, 006
579, 116
889, 796
748, 110
78, 220
626, 265
89, 751
' 65, 374
39, 061
90, 444
63, 538
38, 131
81, 219
46, 786
23,592
91, 869
75, 582
54, 425
73, 229
69, 309
82, 455
77, 622
32, 758
11,016
68, 574
15, 236
9, 301
93, 211
75, 706
49, 437
88, 978
62, 217
37, 530
97, 808
67, 032
45, 221
100, 372
90, 047
72, 050
109, 134
83, 910
58, 622
141, 467
122, 064
697.3
569.0
70.1
659.1
38.2
5.2
685.2
560.2
70.1
633.1
52.1
18.9
622.9
511.0
62.3
591.9
31.0
0
708.5
588.8
66.7
636.4
72.0
39.3
712.1
584.0
73.0
631. 5
80.6
49.1
688.6
565.0
72.8
628.9
59.8
29.1
638.4
522.9
64.1
606.3
32.1
1.3
722.5
607.4
60.2
655.1
67.4
35.8
729.8
613.8
62.7
666. 6
63.2
31.6
715.2
604.6
57.4
660.9
54.3
20.2
791.4
663.4
69.2
691.5
100.0
'69.7
771.9
646.1
69.7
685. 9
86.1
"55.8
47, 107
1.338
3,256
44, 219
1.363
2,910
40, 554
1.400
2,533
46, 036
1.356
2,488
45, 190
1.343
2,912
41, 793
1.370
2,730
36, 383
1.407
2,215
50, 937
1.318
2,304
49, 687
1.289
2,362
51, 155
1.314
2,215
51, 865
1.326
2,830
51, 982
1.305
3,042
7,486
4,098
3,390
7,285
3,888
3,396
6,494
3,396
3,099
6,367
3,433
2,934
6,458
3,479
2,979
5,619
3, 095
2, 523
5,429
2,933
2,496
6, 465
3, 665
2,800
7,091
3,928
3, 163
7,638
4, 503
3,135
8,130
4,860
3,271
1,979
928
2,125
1,166
2,297
1,313
2,079
1,079
2,638
1,576
2,508
1,412
2,565
1, 588
2,762
1,551
2, 365
1,339
2,606
1,447
2,562
1, 460
2,857
1,668
2,452
1,477
5.84
81
222
5.59
86
223
5.71
86
213
5.81
80
218
5.25
67
194
5.41
80
211
5.43
83
215
5.25
81
208
5.73
83
230
5.26
83
239
5.64
84
238
5.43
77
207
6.13
81
231
79, 459
53, 058
2,794
25, 554
19, 847
T
3, 111
73, 171
41,927
2,713
26, 006
15, 501
1,446
54, 039
37, 141
2,371
27, 243
13, 592
678
39, 205
31, 601
1,795
21, 918
13, 608
298
40, 723
37, 182
2,395
23, 972
13, 932
188
40, 553
42, 388
1,634
14, 201
22, 069
187
51, 656
54, 884
1,524
15, 365
30, 156
237
59, 457
65, 541
2,122
16, 142
39, 187
304
53, 434
62,417
1,985
16, 463
36, 607
560
50, 283
60, 090
2, 083
19, 974
41,453
886
56, 902
87, 947
3,384
18.215
41, 233
1,930
21, 635
3,271
18, 037
3,300
825
7,587
833
7,732
807
7,512
785
7,260
830
7,750
1,026
9,577
845
7,881
865
8,069
808
7,555
664
6,229
861
8,009
850
7,826
258, 353
146, 891
93, 449
199, 772
27, 433
34, 902
257, 096
149, 629
89, 507
196, 780
28, 827
35, 059
262, 534
154,018
90, 258
195, 137
33, 119
35, 231
262, 745
156, 367
88, 159
196, 809
32, 277
35, 408
271, 879
159, 895
93, 536
205, 535
32, 729
35, 635
271, 019
161, 650
90,417
200, 786
32, 603
36, 426
262, 131
159, 375
84, 093
191, 542
33, 198
36, 605
280, 803
164, 709
97, 096
204, 642
36, 448
36, 813
275, 806
163, 935
92, 636
196, 628
37, 873
30, 999
285, 947
168. 157
98, 504
208, 569
37, 310
37, 158
287, 467
169, 767
98, 275
204, 849
33, 929
37, 304
14, 870
13, 964
156
14, 523
13, 420
314
13, 944
12, 984
253
13, 413
12, 673
62
14, 584
13, 363
596
13, 241
12, 756
d
S59
12, 636
11,887
'83
14, 565
12, 798
907
13, 755
12,467
474
15, 192
13, 262
1,090
15. 378
13, 086
1,469
14, 738
13, 272
671
1,892
1,733
d
20
1,948
1,617
149
1,817
1,506
145
1,788
1,548
74
1,882
1,660
38
1,762
1, 548
31
1,620
1,584
d
!13
1,901
1,703
13
1, 646
1,568
d
105
1,902
1,612
116
1,943
1,552
207
2,189
1,563
418
1,925
1,800
46
1,957
1,696
185
1,938
1,741
126
1,938
1,827
46
2,262
1,973
205
1,883
1,790
*20
1,784
1,700
'IS
2,017
1,835
83
1,774
1,742
'71
1,967
1,803
64
2,055
1,781
175
2,228
1,808
325
r
d
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports
thous of net tons
Foreign
do
United States..
__
do
Panama Canal:
Total
.
_.
thous. of long tons
In United States vessels
...
do
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied..
_ percent of total
Restaurant sales index
same month 1929=100..
Foreign travel:
U S citizens, arrivals
number
U. S. citizens, departuresc?
do
Emigrants. _
do
Immigrants
__
do
Passports issued
do
National parks, visitors
thousands
Pullman Co.:
Revenue passenger-miles . _ _ ...
millions
Passenger revenues
thous. of dol_.
COMMUNIC ATION S
Telephone0 carriers :f
Operatin " revenues
thous of dol
Station revenues
do
Tolls, message
_
do
Operating expenses, before taxes
do
Net operating.' income
do
Phones in service end of month
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol__
Operating expenses, incl. depreciation
do
Net opera ting re venues
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
do
Operating expenses incl depreciation
do
Net operating revenues
do
d
' Revised.
» Preliminary.
Deficit.
JRevised data for July 1949, $26,692,000.
cfData exclude departures via international land borders; land-border departures during the 12 months ended June 1949 amounted to less than 1 percent of total departures,
t Revised series. The coverage has been reduced from 100-120 to 56 carriers (except for January 1948-December 1949 when data covered 53 carriers) ; however, the comparability of the series,
based on annual operating revenues, has been affected by less than 3.0 percent. Also, data are now shown after elimination of intercompany duplications for the Bell System; annual data
prior to 1948 and monthly figures for January-July 1948 on the revised basis will be available later. Data relate to continental United States.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
September
October
November
December
January
Febru-
ary
March
April
May
June
July
125. 027
10, 274
52, 388
124, 617
8,920
55, 237
139. 130
173,788
51. 288
0)
105, 831
133, 728
174, 047
51.512
0)
1 05, 206
1. 512
136, 721
August
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
short tons__ 113, 894
2,969
Calcium arsenate (commercial)
thous. of l b _ _
42, 009
Calcium carbide (commercial)
short tons__
Carbon dioxide, liquid, gas, and solid J
thous. oflb.. 136, 147
Chlorine gas
__ short tons _ 147, 825
40, 599
Hydrochloric acid (100% HC1)J
do_...
0)
Lead arsenate (acid and. basic)
thous. of lb_.
93, 308
Nitric acid (100% HNOs)
short tons
1,205
Oxygen (high purity) t
mil. of cu. ft
Phosphoric acid (50% HsPOiJJ
short tons.. 119, 683
Soda ash, ammonia-soda process (98-100%,
NaoCo-0
--- --short tons.. 305, 469
5, 575
Sodium bichromate and chromate
_do_ _ _
175, 933
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhy28, 284
drous)
short tons _
Sodium sulfate, Glauber's salt and crude salt
59, 107
eaket
short tons..
Sulphuric acid (100% H 2 SO4):
916,
133
Production!
do
Price, wholesale, 66°, tanks, at works
17.00
dol. per short ton. _
Organic chemicals:
Acetic acid (synthetic and natural), production
31, 638
thous. oflb..
50, 785
\cetic anhydride production
do
908
Acctyl salicylic acid (aspirin), production _. do
Alcohol, denatured:
' 12,314
Production
thous. of wine gal
r
12, 450
Consumption (withdrawals)
do
8,126
Stocks
_
-do ...
Alcohol, ethyl:
Production
thous. of proof gal _ _ r 26, 660
56, 575
Stocks total
do
' 53, 513
Inindustrial alcohol bonded warehouses do
3, 061
In denaturing plants
do
25, 176
Withdrawn for denaturing
do
'
3, 587
Withdrawn tax-paid
do
10, 005
Creosote oil production
thous of gal
6,
424
Ethvl acetate (85%), production
thous. of l b _ _
Glycerin, refined (100% basis) :
High gravity and yellow distilled:
6,781
Production
thous. of lb__
7,068
Consumption
do
11, 580
Stocks
do
Chemically pure:
11. 591
Production
do
8,181
Consumption
-do _ _
15, 674
Stocks
do
Methanol, production:
157
Natural (100%)
thous. of gal..
8, 059
Synthetic (100%)
do
10, 103
Phthalic anhydride, production
thous. of fb _
105, 443
0)
40, 286
108, 604
0)
47, 274
115, 667
1,151
55, 212
124, 900
1,548
55, 836
124, 079
0)
56, 849
115, 976
(')
51,317
123, 996
1,206
59, 336
134, 452
2,848
54, 837
133,842
4,898
59, 107
127. 295
9,334
56, 482
98, 712
147, 214
42, 010
84, 768
151, 128
44, 094
69, 671
168, 282
45, 983
890
99, 925
1,329
120, 815
63, 180
158, 202
47, 871
3,217
105, 575
1, 369
132, 745
59, 120
151,513
43, 315
3, 756
101, 386
1,253
129, 191
77, 086
167,091
50, 708
5, 568
98, 906
1,427
128, 987
92, 408
168, 878
51, 319
4,694
114, 629
1,432
135, 391
114, 286
177, 269
52, 157
4,406
111, 511
1,447
146, 673
131,314
167, 721
50, 635
2, 326
104, 604
1,404
135, 526
95, 721
1,156
119, 689
85, 208
662
135, 018
69, 157
155, 943
45, 420
676
91,832
1,011
127, 680
317, 406
5, 552
182, 143
328, 899
5. 938
189,367
360, 971
5,781
196, 575
354, 412
6, 726
201,012
338, 552
7, 350
187, 201
319, 578
6,771
180, 945
368, 746
7, 835
205, 354
361, 328
7,452
210, 344
388, 169
7,907
219, 641
291,681
8, 135
200, 836
185, 885
5, 492
0)
180,84V)
5, 649
37, 159
49, 912
46, 073
41, 794
36,410
31, 416
38, 693
41, 300
45, 588
40, 899
29,929
32, 278
59, 325
56, 158
60, 069
54, 820
60, 773
59, 096
54, 377
49, 567
54, 725
61,820
0)
0)
r
r
r
1, 400
141, 107
(0
49, 690
56, 479
884, 658
986, 109
17.00
17.00
17.00
17.00
17.00
17. 00
17.00
17. 75
17.75
17. 75
17.75
34, 788
62, 927
813
39, 667
68, 704
927
39, 923
70, 853
843
39, 824
72, 458
873
36, 765
69, 140
829
31, 147
67, 356
824
37, 441
73, 287
934
37, 506
65, 734
796
41,012
75, 183
867
37, 633
74, 992
921
39, 520
80, 743
672
13, 947
15, 341
6,732
14,845
15, 259
6, 313
14,612
15,574
5, 358
13, 618
15, 077
3,899
14,903
15,335
3,464
13. 293
13, 215
3,429
16, 743
17, 087
2,873
15, 402
15, 924
2, 346
15,989
16, 846
1,487
19, 146
18, 387
2, 230
18, 719
18, 204
2.611
17, 733
17, 120
3, 199
22, 770
52, 426
50, 652
1, 775
24, 362
3, 672
10, 492
5, 339
22. 680
43, 133
41,919
1,214
27, 117
3, 936
6, 254
6, 852
23, 181
37, 192
36, 223
969
26. 838
4,289
6, 508
6. 469
22, 549
33, 949
33, 204
745
24, 907
2,288
10, 314
6, 456
24, 688
31, 346
30, 450
896
27, 411
2,750
10, 597
6,449
24, 254
28, 397
27, 713
685
24, 044
2.547
10, 063
6, 917
27, 304
24, 050
23, 513
537
30, 321
3, 846
11,424
6, 899
31, 184
25, 729
24, 829
901
28, 829
3, 552
12, 360
6, 159
33, 410
28, 486
27, 614
872
29, 418
3, 257
12,869
9, 746
31, 108
23, 229
22, 264
964
35, 468
4,188
12,769
5, 624
31, 727
21,619
20, 489
1,130
33, 018
4, 986
10, 929
5, 646
33, 098
24, 580
23, 886
694
27, 870
6,928
7,528
7, 397
11, 790
7, 550
6, 913
12, 123
7.879
6, 545
13, 103
6, 834
6,214
13, 591
6, 927
5, 971
14, 347
6, 159
6,082
13, 564
8,499
7,794
14, 468
6. 876
7, 668
13,717
8,420
8. 633
14,302
8, 079
7, 961
15, 132
4,822
7, 239
13, 518
7,419
8,581
12, 297
11, 165
7,729
15.479
11, 655
8,054
17, 214
12. 426
7, 916
17,838
12, 335
7,209
20, 071
12, 840
9,174
22, 411
12, 228
7,224
24, 645
12, 553
8,158
25, 972
10, 880
7, 619
26, 406
10, 865
8, 364
23, 678
9. 932
8,011
22, 537
7, 430
7, 399
18, 444
12, 262
9,007
17. 787
146
9.323
12, 602
165
11, 143
16. 284
165
9,789
16, 340
169
10, 628
18, 075
171
11, 655
18. 174
145
8, 767
17, 090
197
9, 371
18, 722
166
9. 357
15,436
175
10, 063
15,675
173
10, 417
16, 209
167
11, 125
17,61o
184
593
505
1,177
1,480
1,840
1,535
519
528
279
Consumption (14 States)!
thous. of short tons..
262,125
311, 746
446. 192
300, 251
368, 792
289, 754
391, 164
310, 303
351, 947
Exports total
short tons
91, 136
159, 502
61, 925
126, 224
148, 988
124, 806
98, 064
150, 907
87, 853
Nitrogenous materials
do
182, 652
311,684
181,362
161, 543
110, 806
155, 912
186, 581
162, 598
229, 784
Phosphate materials
do
9,389
11,819
5,631
3,406
4,562
11, 540
9,985
15, 392
8,103
Potash materials
do
106, 389
173, 103
223, 714
272, 080
142, 225
87, 735
97, 236
118, 352
120, 479
Imports total
do
139, 197
128, 400
88, 773
113, 283
98, 717
70, 828
107, 241
86, 961
100, 699
Nitrogenous materials, total
do
33, 163
55, 563
56, 171
68, 259
76, 408
26, 454
52, 616
47, 695
52, 377
Nitrate of soda
do
5,135
7,824
7, 023
8,389
5, 433
13, 606
5,066
4,737
13, 570
Phosphate materials
"do
115,
775
4,738
57,
024
26,
159
33,
548
20
2
0
Potash materials
do
0
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
51.50
51.
50
51.
50
51.
50
51.50
51.
50
52.
25
54.
50
port warehouses
dol. per short ton
54.50
116, 035
45, 485
91, 803
113, 107
27, 896
105, 678
72, 787
92, 825
103, 936
Potash deliveries
... short tons.
Superphosphate (bulk) :
854, 292 1, 082, 523 1, 039, 177
850, 563
836, 137
802, 943
816, 724
820, 111
889, 083
Production
._ _ _ d o _ .
778, 270
Stocks, end of month
do _ _ 1, 264, 676 I,2ti8.682 1.259.932 1,311,085 1, 420. 577 1, 495, 731 1, 308. 555 1, 006, 718
998
495, 432
129, 204
347, 639
10, 325
214, 918
166, 523
103, 322
13, 659
10, 744
408
450. 744
128, 730
289, 520
7,147
107, 791
84, 140
40, 269
11, 255
602
325
250, 642
90,482
141, 469
10, 989
50, 974
37, 835
1, 110
3,298
2,518
385
51. 50
83, 446
51.50
134, 624
51.50
97, 301
51. 50
107, 056
985, 589 1.051,165 1,019,803
967, 335 1, 071, 299 1, 057, 073 1, 104, 335 1, 039, 938 1, 047, 544 1,045,662
r
17.75
FERTILIZERS
854, 937
986, 684
832, 868 * 718, 165
903, 607 1, 178, 262 1,297,595 1, 244, 280
NAVAL STORES
Rosin (gum and wood) :
370, 480
566. 830
552, 940
574, 840
Production, quarterly total
drums (52()lb.)._
894, 280
936, 460
929, 960
840, 920
Stocks end of quarter
do
Price, gum, wholesale, "WG" grade (Sav.), bulk*
6.11
6.29
5.29
6.66
5.71
4.93
5.59
6.58
6.66
6.40
6.60
dol. per 1001b._
6.70
6.53
Turpentine (gum and wood) :
194. 110
125, 320
200, 670
170, 700
Production quarterly total
bbl (50 gal )
191, 200
205, 960
238. 660
225, 070
Stocks end of quarter
do
.43
.41
.46
.39 l
.39
.40
.41
.43
.40
.41
.40
.38
.39
Price, gum, wholesale (Savannah)-.dol. per gal__
r
!
Revised.
Not available for publication.
^Figures are not strictly comparable with those prior to 1948 because of the inclusion of data for additional plants. For January 1948May 1949 revisions including data for these plants, see note at bottom of p. S-25 of the August 1950 SURVEY.
'fRevised series. Beginning in the January 1950 SURVEY, data for fertilizer consumption in 14 States have been substituted for the 13-States series formerly shown; revised figures prior
to November 1948 will be shown later.
*New series. The series for rosin "WG" (window glass) grade, which is compiled by the U. S. Department of Labor beginning November 1948, and prior to that month by the OH, Paint,
and Drug Reporter, has been substituted for the "H" grade formerly shown. Data beginning 1935 are shown on p. 24 of the September 1950 SURVEY.
SUBVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-25
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
1,407
59, 843
1, 148
59, 805
1,235
55, 128
August
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
'
Sulfur:
Production.
Stocks
_._
_
thous. of lb__
do
1,509
53, 158
1,606
48, 548
1,595
40, 130
2,436
47, 608
2,212
47, 585
1,999
40, 468
1,803
37, 389
2,213
53, 418
1,464
55, 794
1,837
68 581
389, 682
392, 805
400, 564
392, 655
401, 232
376, 942
412, 425
389, 305
long tons__ 397, 024
475, 694
466, 063
487, 845
436, 612
do. _- 3, 156, 752 3, 139, 785 3, 097, 331 3, 114, 865 3, 099, 305 3, 074, 562 3, 040, 190 2, 988, 527 2, 885, 294 2, 875, 893 2, 956, 333 2, 975, 927 2, 935 503
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
363 933
264, 394
288, 318
338, 009
Production
thous. of Ib
248, 888
378, 469
288, 055
106, 627
Consumption, factory
do
120, 143
119, 516
117, 519
96, 214
111,714
103 724
292, 421
240, 962
251, 195 316, 248
265, 758
360, 842
Stocks, end of month
do
344, 466
Greases:
54, 861
55, 935
Production
_
do
46, 753
44, 706
48, 110
53, 954
48, 962
42, 016
42, 911
Consumption, factory
do
41, 895
46, 031
43, 794
42, 005
40, 593
112, 412
124, 518
117, 852
116, 477
111,379
111,321
Stocks, end of month
do
113, 753
Fish oils: _
18, 362
21, 962
8,438
10, 076
Production
do
24, 908
4,833
493
12, 823
15, 364
Consumption, factory
do
20, 865
14, 777
15, 236
17, 667
15, 438
102, 849
79, 062
92, 245
Stocks, end of month
_
do
94, 776
106, 261
103, 076
87, 502
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
361
464
601
601
553
541
Production, crude
mil. of lb__
471
380
496
Consumption, crude, factory
do
417
480
456
475
450
Stocks, end of month:
1,042
718
776
856
963
Crude
do
1,074
1,058
288
Refined
do
188
231
338
171
386
404
Exportsf
thous. of Ib
31, 179
29, 544
36, 575
71, 986
48, 924
60, 199
62, 747
36, 906
22, 024
Imports, total.
_
do__ _
31, 096
38, 513
28, 785
22, 100
25, 344
4,505
4,925
ll,-689
5,535
Paint oils
do
10, 616
1,726
3 869
26, 592
18, 169
25, 217
All other vegetable oils
'
do
33, 588
16, 489
20, 374
21, 475
Copra:
34, 932
Consumption, factory-.
short tons
43, 723
38, 306
46, 206
33, 180
36, 640
25, 515
Stocks, end of month
do
8,333
21, 998
22, 328
10, 010
23, 784
18, 710
17 725
Imports
do
52, 913
38, 594
32, 798
51, 251
44, 905
60, 027
27, 160
Coconut or copra oil:
Production:
55, 482
Crude
thous. of lb__
44, 961
48, 892
42, 726
58, 979
46, 743
32, 381
Refined
do
29, 168
30, 374
25, 363
24, 304
22, 515
29, 169
21 358
Consumption, factory:
Crude
do
53, 219
54, 538
48, 532
45, 222
55, 248
43, 763
40 787
Refined
do__
22. 344
28, 147
26, 248
25, 914
23, 287
20, 617
20, 708
Stocks, end of month:
Crude
do
83, 124
101, 042
112, 977
134, 570
141, 073
167, 154
167, 888
6,723
Refined
do
8,676
9 016
7,945
8 283
9 893
8 446
8,442
Imports
do
14, 485
12, 409
6,015
17, 020
11, 847
10, 729
Cottonseed:
353
1,322
Receipts at mills
thous. of short tons
1,248
1,382
450
179
262
Consumption (crush)
do
207
586
748
785
677
654
533
Stocks at mills, end of month
do
941
2,112
1,884
278
1,575
1,409
1 137
Cottonseed cake and meal:
Production
short tons
94, 081
334, 030
253, 763
355, 146
309, 772
289 039
235 130
Stocks at mills, end of month. _
do
52, 759
142, 801
98, 076
123, 518
116, 912
175, 724
196 406
Cottonseed oil, crude:
Production
thous. of lb_.
64, 805
184, 291
252, 640
242, 687
217, 619
210, 781
173, 826
Stocks, end of month
do
40,908
88, 766
123, 462
162 355
181 587
171 922
146 885
Cottonseed oil, refined:
Production _ _ _ _ _ _ _ _
__
do
71, 976
172, 940
113, 309
178, 666
188, 938
175, 927
174 054
Consumption, factory
do
142 409
129 424
115 282
144 799
133 830
145 547
158 713
In oleomargarine.
do
37, 530
32, 076
36 049
35, 728
41 205
47, 649
46 604
Stocks, end of month
do
72, 590
69 708
125 176
255 630
174 981 218 210
273 525
Price, wholesale, summer, yellow, prime (N. Y.)
dol. per lb__
,158
.140
.129
.123
.118
.130
.138
Flaxseed:
Production (crop estimate).
thous. of bu__
3 43, 664
Oil mills:
Consumption
do
3,985
3 886
3 254
3 468
3 194
2 Q37
2 752
Stocks, end of month...
do
4,932
8,139
6 982
5 412
7, 553
5 058
3 928
0
0
o
o
o
o
2
Imports.- _ _ _
__ _
do
Price, wholesale, No. 1 (Minn.)
dol. per bu__
3.91
3.94
3.92
3.85
3.93
3.95
3.88
Linseed oil:
Production
thous. of Ib
77, 071
72 923
67 803
62 856
61 681
53 469
57 066
Consumption, factory
do
42, 723
49, 884
44, 411
36, 376
30, 518
32, 292
33, 619
Stocks at factory, end of month
do _
407, 230 421, 115
433, 921 462 934
485 112
515 697
531 932
Price, wholesale (N. Y.)
dol. perlb__
.216
.192
.208
.186
.185
.184
.185
Soybeans:
Production (crop estimate)
thous. of bu__
3 222 305
Consumption, factory
do
13, 551
11, 996
17, 522
17, 139
17, 290
16, 909
15, 466
Stocks, end of month
do
6 549
10 606
70 914
63 581
66 508
54 214
59 398
Soybean oil:
Production:
Crude
_
thous. of Ib
136, 015
172 491 165 473
120 756
166 855
165 088
153 046
Refined
do
135 106
127 703
125 902
133 442
119 251
130 317
118 749
Consumption, factory, refined
do
141, 462
136 199
119 778
129 801
104 727
117 599
111 398
Stocks, end of month:
Crude
do
71 925
56 223
67 314
69 405
90 116
82 877
78 911
Refined
do__
76, 384
56, 790
55, 410
57 976
59 985
66 650
66 791
Price, wholesale, edible (N. Y.).__dol. p e r l b _ _
.175
.157
.145
.142
.148
.150
.153
r
1
Revised.
Data for crude
palm, coconut, castor, and sperm oil are excluded from the pertinent items.
Compiled by
3
4
December 1 estimate.
September 1 estimate.
« Less than 500 bushels.
tRevised series. Beginning in the September 1949 SURVEY, data include oleomargarine of vegetable or animal origin.
317, 265
122 437
350, 904
287, 983
104 256
375, 930
298, 594
101 937
394, 479
299, 189
96 559
388 296
53, 289
42, 437
113, 951
50, 510
38, 742
123, 683
52, 369
43, 595
122, 910
53 266
40 163
122 920
524
19, 543
90, 827
481
15, 280
82, 478
3,649
14, 682
69, 944
17 506
13 990
1
48 093
478
484
423
406
388
398
354
375
1,051
398
77, 755
26, 146
6 456
19, 690
1,069
1,020
54, 832
15, 375
11 698
21, 491
67, 995
43, 682
8 883
34, 799
38
40
10
30
24, 724
21 074
27, 903
28, 099
18 042
29, 092
31, 179
23 268
r
255, 357
74 577
346, 257
272 295
130 289
297 756
45, 750
30, 615
118 590
52 262
46 388
110 950
r
23 113
14, 401
i 49, 440
24 682
18 145
i 45, 697
••368
330
380
456
i 735
214
227
639
389
250
'1787
297
32, 421
33, 922
9,988
23, 934
28, 757
13 194
31 976
27 134
10 342
26 064
21, 050
16 295
36, 449
37, 356
14 968
36, 169
23 393
36, 654
26 247
34, 211
22 909
26, 668
20 727
48, 420
30 529
46 571
22, 592
43 234
21 394
47 923
21 420
39 642
21 673
35 324
17, 639
53 311
28 798
165, 462
7 899
7 152
167 106
6 889
7 787
170 014
8 997
12 260
7 756
9 724
(i)
7 968
4,767
(i)
6 286
213
492
858
183
365
676
95
276
495
47
208
334
128
178
285
220
228
276
220 201
186 446
162 095
182 209
124 140
179 112
93 264
163 360
80 988
136, 002
104 675
121 179
162, 217
99 469
120, 814
82 539
90, 610
65 083
68, 051
50 748
57, 790
47 667
72, 162
42 176
160
174
52
271
116
118
26
285
817
461
837
007
.153
423
520
392
754
761
.160
1
392
98
130
27
251
983
694
086
672
.170
758
363
(i\
80
114
34
225
792
983
039
034
.162
59
118
2 41
167
523
382
698
553
.176
78
155
2 35
97
244
211
496
930
.196
* 34 142
2 576
2 554
(5)
2 360
1 055
o
2 209
1 384
o
3 270
2* 255
Q
4 119
2 195
o
2 946
2 505
3. QO
yo
4.00
4.05
4.03
3.84
3.75
50 939
39, 850
548 907
.180
47 154
38, 194
564 035
.180
43 697
42, 119
539 931
.182
63 490
44, 990
551 263
.189
82 216
50, 031
569 973
.187
57 809
65, 721
561 185
.188
18, 112
47 991
17, 198
41 674
16, 880
34 735
13, 913
28 478
15, 637
19 315
4 274 702
15, 416
9 003
177 518
146 063
139 881
170 251
131 913
116 186
169 001
131 848
125 688
141 705
132 235
120 525
159 261
109 087
100 548
157 026
166 442
162 849
104 423
88 338
75 971
77 528
73 394
67 137
.174
.171
.185
the U. S. Department of Commerce, Bureau of the Census.
87 228
64 118
.168
101 386
71 651
.171
91 462
74 809
.177
SURVEY OF CURRENT BUSINESS
S-26
October 1950
1950
1949
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
56, 357
12, 064
69, 370
24, 247
July
August
89, 425
12, 193
i 84, 129
21, 383
CHEMICALS AND ALLIED PRODUCTS—Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous. of Ib
Stocks (factory and warehouse)*
do
Price, wholesale, vegetable, delivered (Chicago)
dol. per lb__
Shortenings and compounds:
Production
thous. of Ib
Stocks, end of month
do
79, 106
11,041
74, 408
13, 853
75, 471
15, 279
71, 278
14,117
76, 948
13, 027
84, 237
13, 219
81, 299
12, 474
95, 315
17, 561
53, 817
15, 776
1
.248
.249
.224
.224
.224
.224
,224
.236
.244
.244
.244
.249
.264
156, 696
52, 851
133, 849
59, 315
123, 178
62, 860
139, 965
61, 889
125, 783
81, 722
135, 591
71, 190
145, 489
66, 407
161, 722
71, 708
126, 516
83, 553
144, 761
103, 734
115, 440
117, 648
101, 037
71, 189
180, 280
60, 544
87, 685
79, 148
30, 800
48, 348
8,537
84, 217
75, 293
30, 218
45, 076
8,923
75, 960
68, 757
28, 597
40, 159
7,203
67, 022
60, 613
25, 226
35, 387
6,409
57, 340
51, 957
23, 481
28, 476
5,383
75, 936
68, 887
27, 684
41, 203
7,049
70, 873
64, 640
27, 145
37, 495
6,233
87, 169
79, 098
32, 250
46, 847
8,071
87, 605
79, 348
30, 935
48, 413
8,257
103, 246
93, 434
35, 175
58, 259
9,812
108, 910
98, 634
36, 719
61,915
10, 276
' 99, 212
122, 603
' 89, 857 111,146
r 33, 008
42, 144
' 56, 849 69, 002
9,354
11, 456
1,405
4,626
517
113
17, 834
19, 749
9,569
23, 663
19, 258
8,103
16, 646
1,530
5,798
431
712
22, 569
20, 723
10, 299
29, 098
21,114
9,912
19, 399
2, 138
6,904
453
749
25, 056
22,156
13, 239
31, 786
20, 787
10, 728
18, 896
1,962
5,183
440
950
28, 684
20, 901
13, 568
33, 503
20, 619
9,777
18, 709
1,674
4,638
485
972
25, 811
20, 137
13, 389
33, 036
17, 902
8,086
18, 861
1,938
5,387
546
825
27, 499
20, 332
12, 989
33, 111
18, 825
8,486
21, 096
1,875
5,399
546
1,168
27, 453
20, 242
12, 522
31, 429
21, 223
8,479
20, 009
1,883
6,405
650
1,198
32, 334
27, 032
13, 205
37, 662
25, 624
10, 156
20, 759
2,144
6,301
587
926
29, 978
24, 555
11, 434
35, 946
21, 864
9,138
19, 642
1,980
6,518
650
898
31, 910
25, 441
14, 581
35, 510
24, 625
9,809
22, 331
2,072
6,603
'628
817
r 32, 415
25, 170
' 15, 059
r 32, 596
' 25, 539
' 9, 500
' 21, 772
2,397
7,240
563
830
25, 901
26, 560
13, 505
34, 376
22, 760
9,348
21, 567
PAINT SALES
Paint, varnish, lacquer, and filler, total
thous.
Classified, total _ _
Industrial
Trade
Unclassified
of doL.
-do _.
do
do
do__
r
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:*
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous
Molding and extrusion materials
Nitrocellulose sheets rods and tubes
Other cellulose plastics
Phenolic and other tar acid resins
Polystyrene
TJrea and melamine resins
Viny] resins
Alkyd resins
Rosin modifications
Miscellaneous resins
of Ib
do
do
do
do
do_
do
do
do
do
do
ELECTRIC POWER AND GAS
ELECTRIC POWER}
Production (utility and industrial) , total
mil. of kw.-hr__
Elecric utilities, total
do
By fuels
do_ __
By water power
do
Privately and municipally owned utilities
mil. of kw.-hr__
Other producers
do .
Industrial establishments, total
do
By fuels
do _
By water power
do
Sales to ultimate customers, total (Edison Electric
Institute)
mil. of kw.-hr
Commercial and industrial:
Small light and power
do
Large light and power
_
_ __do_._
Railways and railroads
do
Residential or domestic
do
Rural (distinct rural rates)
do__
Street and highway lighting
do
Other public authorities
do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous. of dol
r 29, 551
r 25, 028
r 17, 692
r 7, 336
' 28, 369 ' 28, 169 ' 28, 616 ' 31, 162
' 23, 909 ' 24, 293 ' 24, 348 ' 26, 348
' 16, 934 ' 17, 358 ' 17, 480 ' 18, 720
' 6, 975 ' 6, 935 ' 6, 868 ' 7, 628
31, 677
26, 871
18, 537
8,334
28, 789
24, 270
16, 528
7,741
31, 864
26, 997
18, 268
8,729
30, 191
25, 437
17, 140
8,297
31, 486
26, 525
18, 048
8,477
31, 608
26, 685
18, 701
7,984
31, 626
26, 780
19, 273
7,507
33, 874
28, 869
21,338
7,531
' 20, 968
' 4, 059
r 4, 523
^4,122
'400
' 19, 923 ' 20, 434 ' r20, 799 ' 22, 474
3, 549
' 3, 874
' 3, 987 ' 3, 859
' 4, 460 ' 3, 876 ' 4, 268 ' 4, 814
' 3, 897
' 4, 353
' 4, 084 ' 3, 522
'353
'371
'461
'376
22, 893
3,979
4,805
4,362
443
20, 637
3,632
4,519
4,082
437
23, 022
3,975
4,867
4,383
483
21, 838
3,599
4,754
4,318
436
22, 739
3,786
4,962
4,503
459
22, 952
3,734
4,923
4,484
439
22, 914
3,866
4,846
4,459
387
24, 780
4,090
5,005
4,647
358
20, 758
20, 878
20, 309
20, 655
22, 020
22, 943
22, 203
22, 565
22, 397
22, 394
22, 694
22, 637
4,033
10, 120
470
4,422
873
202
592
46
4,044
10, 142
452
4,619
809
224
541
46
3,876
9,709
470
4,749
626
251
581
46
3,890
9,799
499
5,032
541
272
572
49
4,047
10, 384
555
5,604
506
291
580
52
4,181
10, 602
536
6,276
409
287
602
49
4,076
10, 297
507
6,017
405
251
597
52
4,002
10, 830
555
5,782
493
250
596
57
3,986
10, 930
497
5,521
605
221
581
55
3,919
11, 300
468
5,235
634
206
581
52
4,107
11, 547
450
5,072
694
192
583
49
4,277
11, 260
437
5,034
818
200
564
46
382, 149
387, 522
383, 236
391, 007
409, 942
425, 325
416, 130
414, 263
410, 076
407, 411
414, 734
412, 437
GAS}
Manufactured and mixed gas (quarterly) :
Customers end of quarter total
thousands
Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers total
mil of cu. ft
Residential
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous of dol
Residential (incl house-heating)
do
Industrial 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 consumers, total
thous of dol
Residential (incl house-heating)
do
Industrial and commercial
do
r
' T10, 082
9, 416
'659
' 100, 906
' 59, 102
' 40, 433
' 10, 004
' 9, 333
'664
'141,005
' 92, 795
' 46, 648
9,763
9,092
664
184, 390
128, 143
54, 506
9,618
8,960
649
146, 059
93, 636
51, 194
' 112, 496
' 81, 684
' 29, 749
' 144, 379
' 106, 943
' 36, 405
174, 188
129, 500
43, 505
146, 139
107, 005
38, 225
' 12, 566
' 11, 532
' 1, 024
' 623, 968
' 91, 472
' 497, 776
' 13, 210
' 12, 072
' 1, 128
' 829, 468
' 238, 906
' 555, 867
13, 733
12, 562
1,161
1, 080, 316
447, 480
606, 702
13, 941
12, 783
1,143
882, 363
255, 373
601,037
' 185, 886
' 75, 201
' 105, 165
' 293, 085
' 160, 525
' 126, 922
439, 632
278, 828
156, 322
319, 382
175, 734
139, 144
il
Revised.
Kevisea.
uompnea
Compiled by
oy me
the U.
u. &.
S. uepanmem
Department oj
of commerce,
Commerce, Bureau of the Census.
*New series. Data for stocks of oleomargarine are compiled by the U". <S. Department of Commerce, Bureau of the Census; figures prior to August 1949 will be shown later. The data for
eduction of synthetic plastics and resin materials, compiled by the U. S. Tariff Commission beginning July 1948, are essentially comparable with the series for shipments and consumption
sported by the Bureau of the Census} previously shown here, except for inventory changes (which tend to balance out over a short period) and the inclusion of reports from a few additional
mpanies. Data for alkyd resins and rosin modifications are not available prior to 1949.
IRevisions for January-July 1949 for electric-power production and for the first two quarters of 1949 for the gas series will be shown later.
SUEVEY OF CUREENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-27
1950
1949
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
August
July
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl
Tax-paid withdrawals
do
Stocks, end of month
do
Distilled spirits:
Production
thous. of tax gal Consumption, apparent, for beverage purposes
thous of wine gal
Tax-paid withdrawals
thous. of tax gal
Stocks end of month
do
Imports
thous. of proof gal__
Whisky:
Production _
thous. of tax galTax-paid withdrawals
-- - do
Stocks end of month
do
Imports
thous. of proof gal _
Rectified spirits and wines, production, total
thous. of proof gal__
Whisky
_ _ _ _ _
_
do
Wines and distilling materials:
Sparkling wines:
Production
thous of wine gal
Tax-paid withdrawals
do
Stocks, end of month
do_
Imports
do
Still wines:
Production
do _ _
Tax-paid withdrawals
do
Stocks, end of month
do _ _
Imports
_
_ _ do_ _
Distilling materials produced at wineries. _ d o _ _ _
9,182
8, 902
10, 037
6,312
6,246
8,484
6,146
5,597
8,775
5,842
5 523
8 849
7,554
5,938
10, 073
7,351
6,359
10, 579
8,317
7,615
10, 841
9,368
8,696
10, 982
9,241
8,511
11, 196
9,040
8,621
11, 078
19, 770
19, 057
16, 577
14 137
15, 994
17, 305
20, 486
21, 233
21, 695
33, 042
17, 673
12, 070
669 884
1,607
20, 031
8,351
676, 016
1,410
11,519
7,209
680, 898
11, 592
6,295
684, 576
13, 276
7,317
692 455
857
13, 783
7,929
700, 420
1,161
13, 615
8,067
708, 560
1,291
18, 757
10, 537
712 863
1,832
16, 142
720, 296
890
14, 333
9,215
686, 640
1,076
9,246
6,101
606 210
1 413
9,705
6,965
606 015
1 461
10, 672
5,197
610, 365
1,262
11, 069
4,684
615, 384
10, 115
4,043
620 133
11, 045
5,558
624 182
967
772
12, 727
4,607
637, 410
1,076
12, 396
5,251
643, 378
1,196
10, 339
6, 575
645 268
1,719
15, 072
9,869
647 062
778
11, 922
4,357
630 693
12, 400
11, 247
12, 601
11, 473
7,916
7,101
6,622
5,870
6,092
5,458
9,377
8,357
7,888
6,775
8,127
6,931
9,090
7,609
10, 233
8,749
16, 230
14, 029
7,392
7,285
9,836
6,122
6,438
9,252
5,774
6,095
8,686
11, 581
16, 704
26, 093
12, 336
8,072
675 217
985
14, 120
9,471
673 701
1 329
15, 213
11, 438
671 309
1,529
r 5, 936
»• 4, 368
603 231
'914
8,703
5 311
604 768
1 226
'
9, 053
r
7, 682
10, 228
9,250
r
r
790
128
62
47
99
86
159
124
64
1,808
1,734
1,633
1,771
1,426
86
86
1,474
1 456
1,335
8 788
145 702
19, 085
11 303
154 365
58, 451
13 112
203 831
14, 556
13 540
205 095
3,534
12 865
192, 024
1,076
11 974
179 526
4,900
37, 979
105, 382
35, 142
4,808
128 440
153,855
.618
113 770
154 455
.622
102 800
144 819
.625
90 480
130 452
.625
108, 410
87 370
210, 411
183 208
1*804
94, 150
74 135
213, 433
188 259
2 442
82, 155
62 355
209, 515
185 839
4 003
352
358
26 130
8 800
273, 650
47
175
54
154
38
41
864
108
60
190
61
86
78
1,614
44
53
98
78
1,619
1,605
1,494
17
29
1,614
28
38
40
27
745
842
790
887
758
10 071
168 923
1,144
13 057
156, 823
12 360
145 001
10, 550
134, 936
7,588
127, 000
8 236
117 335
1,394
1,397
1,280
286
734
96 000
113, 993
.631
101 515
103, 657
.624
97 875
92 886
.635
121 970
93 489
.607
71, 875
51 395
196, 125
175 764
3 946
74, 175
52 535
188, 653
168 670
5 102
77, 365
54 565
176, 821
159 906
3 085
75, 685
53 775
163, 922
149 004
6 845
97, 135
71 040
158, 134
141 946
3 540
356
356
353
349
354
22 320
5 750
212, 750
16 300
4 675
167, 750
11 550
3 200
134, 000
11 675
6 300
151, 000
14 700
4 450
168, 750
8,559
477 812
6,758
484 246
6,925
426 836
5,795
333 264
7,386
243 491
4 500
11, 209
5 692
12 368
1 846
18 257
1 618
14' 862
9.10
5 11
9 10
5 08
9 10
5 08
10 574
4,475
4.66
9 427
3 862
4.71
10 890
76, 750
14
35
43
24
1,300
347
216
128 610
109 020
.599
156, 195
136, 867
.600
166, 760
185, 167
.599
r
148 225
230 063
.603
125 180
237, 212
.614
110,
84
171,
153
2
595
305
553
135
806
132, 305
104 535
208, 986
186 062
2 518
142, 355
114, 705
254, 246
229, 785
4,355
123, 430
98 220
' 280, 948
r 256 395
3 564
107, 040
83 800
313, 589
284 954
351
346
343
.347
341
349
13 200
5 900
183, 000
16 550
6 500
241, 000
20 450
7 350
258, 000
29 550
5 375
346, 850
30 200
5,300
348, 800
27 400
4 900
302, 000
28 010
6 875
284, 400
5,249
151 401
5,951
101 470
6,757
86 216
7,596
116 999
7,650
222 300
9,733
343 988
7,368
340 962
7,016
349 397
2 221
15 351
2 858
13, 120
2 869
14 306
2 514
8 694
3 918
16 275
2 735
18, 965
465
16, 905
2 699
6 291
9 10
5 09
9 10
5 09
9 10
5 10
9 10
5 10
9 10
5 10
9 10
5 10
9 10
5 10
9 10
5 09
9 10
5 10
9 30
5 29
9 056
3 395
4.74
8 451
2 943
4.75
8 622
3 144
4.75
9 046
3 321
4.66
8 671
3 263
4.63
9 996
4 116
4.58
10 612
4 431
4.37
11 981
5 416
4.31
r 12 485
r
5 749
4.29
11 827
5 078
4.38
10 601
4 396
4.52
10 725
63, 050
9 150
54, 150
7 410
49, 000
10 300
58, 700
9 091
64, 850
8 135
65, 500
11 425
85, 100
10 550
97, 150
11 410
113, 000
13 200
118, 750
11 650
89, 300
11 945
61, 325
17 788
97, 201
18 271
80, 448
16 666
57, 026
14 180
47, 791
11 105
48, 722
9 710
43, 821
9 187
42, 213
9 719
51, 619
9 799
70, 091
10 307
81, 934
13 219
92, 873
13 908
82, 621
13 630
59, 407
7 336
20, 579
5 449
44, 267
5 909
28, 897
4 377
2,814
5 906
7,326
5 408
7,653
3 654
6,775
5 974
16, 998
5 088
23, 177
4 300
11,341
6 118
17, 246
4 643
16, 889
.118
.121
.123
.122
.121
.117
.118
.117
.118
.116
.117
.117
509
2 602
14, 777
4,858
6 635
35, 224
5,720
4 849
33, 405
7,599
133 742
4 061
25, 667
11, 369
3 832
19, 573
9,760
4 231
12, 502
8,613
3 326
7,074
9,911
2 598
3,645
8,966
1 521
1,289
10, 579
165
9,434
339, 588
355, 552
342, 565
326, 934
300, 409
279, 255
265, 204
251, 119
243, 861
287, 445
356, 409
«• 414, 557
466, 165
315, 788
368, 552
387, 681
383, 658
371, 003
339, 316
305, 316
269, 980
241, 992
221, 119
235, 955
p
362, 170
18, 934
17, 572
* 401, 962
16, 598
19, 900
20, 750
27, 144
25, 291
24, 174
24 117
2.873
3.601
4.134
3.719
3.632
4.473
4.789
4.221
3.242
145
188
286
342
335
240
243
279
263
255
1,509
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
thous. of Ib
Stocks, cold storage, end of month
do_._
Price, wholesale, 92-score (New York)_dol. per lb__
Cheese:
Production (factory), totalt
thous. of lb__
American, whole milkt
do
Stocks, cold storage, end of month, total. _ _ d o
American, whole milk
do
Imports
_
_ _ __
do_ _
Price, wholesale, American, single daisies (Chicago)
_
_ _ _
___dol. per lb._
Condensed and evaporated milk:
Production:}
Condensed (sweetened):
Bulk goods
--thous. of Ib
Case goods.
do
Evaported (unsweetened), case goods
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of l b _ _
Evaporated (unsweetened)
do__
Exports:
Condensed (sweetened)
_do
Evaporated (unsweetened)
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
__ __dol. per case.
Evaporated (unsweetened)
do
Fluid milk:
Production
mil. of Ib
Utilization in mfd. dairy products _ _ _
_ _ do __
Price, dealers', standard grade
dol. per 100 lb__
Dry milk:
Production :J
Dry whole milk
thous of Ib
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
_
do
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
__ _
do
Nonfat dry milk solids (human food)
do
Price wholesale, nonfat dry milk solids (human
food), U. S. average
dol. per lb__
.118
FRUITS AND VEGETABLES
Apples:
Production (crop estimate) _ _
thous. of bu._
Shipments, carlot
no. of carloads
Stocks, cold storage, end of month__thous. of b u _ _
Citrus fruits, carlot shipments
no. of carloads.Frozen fruits, stocks, cold storage, end of month
thous. of l b _ _
Frozen vegetables, stocks, cold storage, end of
month
thous. of l b _ _
Potatoes, white:
Production (crop estimate)
thous. of bu__
Shipments, carlot _ _ _ _ _ _. _no. of carloads _ _
Price, wholesale, U. S. No. 1 (New York)
dol. per lOOlbs.T
Revised.
1 December 1 estimate. .
2
1
412
6,444
14, 718
20, 093
3.498
3.236
September 1 estimate.
2 119 053
{Revisions prior to 1949 are shown on p. 24 of the August 1950 SURVEY.
554
240
'115
' 7, 403
283, 334
T
328
103
5,956
12 650
2 420 286
11 457
2.650
3.485
SUEVEY OF CUERENT BUSINESS
S-28
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO— Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous of bu
Barley:
Production (crop estimate)
Receipts principal markets
Stocks, domestic, end of month:
Commercial
On farms
Exports including malt
Prices, wholesale (Minneapolis) :
No. 2, malting
No 3 straight
do
do
do
do
do
dol. perbu__
do
Corn:
Production (crop estimate)
mil of bu
Grinding, wet process
thous. of bu__
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
mil. of bu__
Exports including meal
thous of bu
Prices, wholesale:
No. 3, white (Chicago)
_ _ _ __dol. per bu _
No 3 yellow (Chicago)
do
Weighted average, 5 markets, all grades. -do
Oats:
Production (crop estimate)
mil of bu
Receipts, principal markets
thous. of bu._
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports, including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu__
Rice:
Production (crop estimate)
thous of bu
California:
Receipts, domestic, rough
thous. of lb__
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of montht
thous. of lb_ _
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills O
thous. of lb__
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month f
thous. of Ib
Exports!
do
Price, wholesale, head, clean (N. O.)__dol. perlb__
Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets
do
Stocks, commercial, domestic, end of montri_do
Price, wholesale, No. 2 (Minn.)
dol. per bu
Wheat:
Production (crop estimate), total
mil ofbu
Spring wheat
do
Winter wheat
do
Receipts, principal markets
thous. of bu__
Disappearance, domestic
do
Stocks, end of month:
Canada (Canadian wheat)
do
United States, domestic totald"
do
Commercial
do
Interior mills, elevators, and warehouses
thous of bu
Merchant mills
do
On farms
do
Exports, total, including
flour
do
Wheat only
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu__
No. 2, hard winter (Kansas City)
do
No. 2, red winter (St. Louis).
do
Weighted avg., 6 markets, all grades _ do _
59, 048
46, 153
37, 849
42, 726
33, 835
31, 620
31, 684
33, 994
27, 526
29. 309
28, 003
i 238, 104
9,015
6,820
4,349
5,806
6,738
5,627
7,696
7,217
5,894
297, 922
16, 968
28, 593
49, 503
2
24, 940
14, 954
11, 003
33, 056
35, 942
34, 109
30, 454
26, 228
811
550
250
736
25, 924
31, 305
362
25, 984
1,468
28, 072
70, 692
1,677
27, 657
1,888
32, 630
107, 532
2,263
30, 282
6,410
33, 978
148 973
3,382
1.327
1.299
1.523
1.455
1.556
1.502
1.560
1.451
1.509
1.418
1.546
1.444
1.547
1.484
1.578
1.&18
1.622
1.538
1.643
1.593
1.687
1.601
1.692
1.649
1.545
1.484
10, 637
22, 064
10, 501
23, 967
11, 206
43, 947
10, 047
58, 975
i 3, 378
9, 554
33, 364
9,454
24, 678
9,446
17, 006
10, 743
23, 470
10, 371
19, 624
10, 723
24, 065
10, 682
26, 726
11,371
26, 697
2 3, 163
12, 096
33, 367
5,711
20, 020
46, 400
45, 319
43, 177
39, 768
8," 628"
5,907" ~ ~ ~ ~ 7 ~ 393"
42, 874
1, 058. 5
6,644
39, 434
10,082
47, 400
1, 634. 2
6, 161
43, 910
7,513 ""20,561
51, 688
2, 401. 3
13, 470
47, 521
8," 369
9,614
708.4
7,116
1.340
1.307
1. 256
1.262
1.312
1.238
1.390
1.152
1.134
1.308
1.157
1.142
1.450
1.296
1.248
1.440
1.291
1.249
1.441
1.297
1.261
1.487
1.337
1.305
(3)
1.426
1.419
(3)
1.481
1.480
(3)
1.489
1.462
(3)
1.556
1.630
(3)
1.534
1.496
24, 804
9,338
5,953
5,460
1 1, 323
7,163
6,862
4,670
7,660
8,041
8,343
7,313
9,066
2 1, 482
17, 102
30, 095
26. 706
1, 053, 296
1,765
25, 254
21, 218
13, 130
11,517
18, 275
268
659
450
388
11, 268
190, 855
579
12, 510
2,460
12, 099
481, 216
171
11,295
1,045
19, 029
819, 701
578
16,050
6,719
.637
.678
.687
.759
.762
.749
.769
.783
.841
.912
.947
.890
1,119
6,507"
1,055
68, 741
64, 909
48, 951
26, 998
236, 472
48, 435
39, 427
22, 610
65, 207
81, 654
.781
2 80, 527
i 89 141
32, 953
31,183
45, 493
33, 990
83, 503
34, 770
50, 081
29, 175
83, 677
37, 907
111, 988
110, 244
109, 357
73, 299
65, 702
73, C75
14, 028
17, 079
118, 083
119, 271
84, 784
73, 728
63,891
78, 428
75, 125
83, 226
50, 908
47, 911
14, 179
126, 510
74, 950
686, 359
178, 647
665, 764
252, 141
587, 780
212, 584
236, 707
243, 272
93, 218
186, 783
63, 919
78, 592
76, 452
94, 348
70, 748
79, 203
72, 536
92, 608
39, 350
142, 501
41, 154
126, 695
289, 728
152, 488
66, 603
40, 375
.084
328, 090
63,013
.071
508, 040
136, 669
.070
675, 571
109, 077
.077
589, 101
200, 905
.082
468, 071
188, 297
.082
430, 249
41, 146
.081
384, 497
24, 694
.080
351, 624
29, 925
.081
305, 208
22, 113
.081
188, 747
60, 996
.081
90, 151
197, 343
.085
132, 419
300
8,280
1.430
263
7,643
1.343
323
7,321
1.393
303
6,278
1.395
i,m
722
5,900
1.418
1,484
5,786
1.483
2 22, 509
2,986
7,174
1.382
82, 214
21,011.6
2 271. 1
2 740. 5
61, 948
1
3,131
6,170
1.384
1,043
5,435
1.428
2,194
5.401
1.465
5,071
10, 005
1.418
1
76, 031
50, 1 70
295, 168
86, 400
260, 412
162, 524
1 159 159
261, 109
37, 369
34, 230
282, 881
133 688
472, 209
33, 495
30, 082
2.285
2.060
1.865
2.185
2.374
2.152
2.013
2.253
18, 697
569
9,338
1.457
1,1 146. 5
244. 8
1
901. 7
18, 492
249, 992
27, 586
24, 296
176, 459
165, 267
244, 664
227, 502
165, 657
909, 226
219, 038
26, 533
22, 637
24, 067
20, 482
237, 304
117 849
327, 230
26, 094
21, 655
2.431
2.188
2.083
2.282
2.395
2.202
2.161
2.274
2.375
2.221
2.200
2.269
18,385
17, 347
19, 584
244, 422
152, 065
146, 506
199, 613
189, 447
136, 625
665, 030
180, 659
21, 996
18, 055
21, 590
19, 229
190, 923
88, 731
199, 169
23, 315
18, 838
2.366
2.223
2.218
2.259
2.328
2.224
2.158
2.253
2.358
2.272
2.290
2.300
5,977
1.443
.090
17, 856
22, 154
38, 820
249, 227
126, 762
108, 447
85, 886
169, 293
100, 743
416, 803
168, 497
99, 169
173, 136
219, 702
256, 411
26, 768
21, 559
18, 480
15, 432
122, 754
55, 992
64, 660
21, 580
17, 725
19, 178
13, 649
2.373
2.306
2.329
2.322
2.453
2.300
2.333
2.365
2.446
2.170
2.160
2.297
2.530
2.228
2.190
2.300
2.440
2.209
2.163
2.285
Wheat flour:
Production:!
21, 079
Flour-.. __
_ _ _ thous. of sacks (100 Ib.)
19, 100
18, 584
19, 165
16, 864
18, 360
17, 675
19, 826
17, 705
20, 043
20, 248
20, 787
18, 970
Operations, percent of capacity!
_
75.4
78.4
68.9
77.5
71.3
82.4
84.3
73.5
75.9
72.2
80.1
74.7
81.6
384,
792
355,
951
369,
090
353,
333
Offal _ _ _
short tons
413,
156
424,
411
404, 598
388, 849
377, 943
402, 001 337, 484
382, 753 422, 000
44, 674
41, 065
43, 369
44, 576
39, 178
42, 690
47, 337
48, 532
41, 172
46, 596
44, 175
49, 099
Grindings of wheatf
thous. ofbu
46, 358
Stocks held by mills, end of month f
4,635
thous. of sacks (100 Ib.)
4,804
4,911
4,998
1,905
1,655
Exports
do
1,539
1,347
1,465
1,672
1,692
2,235
1,308
1,442
1,922
2,373
Prices, wholesale:
Standard patents (Minneapolis)
5.669
5.605
dol. per sack (1001b.)_.
5.715
5.744
5.656
5.690
5.688
5.619
5.912
5.340
5.600
5.600
5.930
Winter, straights (Kansas City)
do
5.115
5.002
5.165
5.119
5.269
5.283
5.158
4.869
5.069
5.138
5.165
5.162
5.188
r
2
3
Revised.
1 December 1 estimate.
September 1 estimate.
No quotation.
fRevised series. Data for rough rice, included in rice exports and stocks, have been revised using a new conversion factor supplied by the U. S. Department of Agriculture; unpublished
revisions for exports (1933-July 1948) and those for stocks (prior to August 1949) are available upon request. Revised data for January 1947- July 1948 for wheat-flour production and grindings will be published later.
OData formerly shown in thousands of barrels of 162 pounds..
cf The total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins;; ssuch data are not included in the breakdown of stocks.
§B^sed on a 5-day week (formerly on a 6-day week); data for January- June 1949 are shown on p. S-28 of the September 1950 SURVE
VEY.
SUKVEY OF CUEEENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-29
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally inspected):
Calves
thous of animals
Cattle
--do
Receipts, principal markets..
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol per 100 Ib
Steers, stocker and feeder (Kansas City) do__.
Calves, vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals ..
Receipts, principal markets _ . ..
.-do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb._
Hog-corn ratio
bu. of corn equal in value to 100 Ib. of live hog. _
Sheep and lambs:
Slaughter (Federally inspected)
thous. of animals. .
Receipts principal markets
_ _
do
Shipments, feeder, to 8 corn-belt States
-do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb-Lambs, feeder, ,good and choice (Omaha) .do
549
552
484
1,232
' 2, 476
384
1,224
2,528
586
568
585
1,103
1,839
133
1,537
112
1, 082
1,715
141
1,590
128
1,075
1,871
130
485
1,116
2,280
432
1,064
1,676
198
443
1,156
3,061
869
1,066
1,704
160
1,070
1,759
152
1,184
2,046
239
26 28
20.06
25.70
28.11
19.74
27.25
28 93
20.57
27.15
28 21
21.45
26.75
26 47
21.44
27.25
25 98
22.94
30.40
25 58
24 13
30.88
25 90
25 32
29.06
26 94
25 79
29.19
29 02
27.19
30.35
30 13
27 44
29.00
30 67
27.48
29.60
30.09
26.90
32.00
r 2, 321
3,417
3,879
2,395
4,959
3,055
6,003
3,618
6,477
3,813
5,844
3,712
4,191
2, 691
5,020
3,058
4,316
2,593
4,338
2,836
4,154
2,586
3,314
2,234
3,626
2,345
19.09
19.74
17.87
15.87
15.05
15.23
16.55
16.13
16.02
18.41
18.18
20.65
21.55
16.4
17.2
16.1
15.3
13.1
13.1
14.3
13.5
12.4
13.8
13.1
14.9
15.0
1,126
511
465
443
939
586
494
959
496
335
1,180
1,932
534
1,172
2,054
572
1,060
1,296
212
1,058
1,139
71
1,077
1,206
115
863
931
112
939
979
101
834
1,013
98
941
1,455
157
1,019
1,206
166
960
1,149
153
1,076
1 466
355
23.62
22.66
23,00
23.21
23,75
23.28
23.38
23.25
22.38
22.88
24.00
23.64
26.12
25.12
27.62
26.59
26.75
0)
27.12
0)
27.75
0)
27.25
0)
27.12
27.42
1,441
520
46
1, 436
411
45
1,564
409
41
1,763
532
58
1,864
799
69
1,793
943
54
1,356
897
78
1,585
866
85
1,397
857
46
1,488
802
43
1,501
769
50
1,366
'649
45
1,449
537
716, 737
72, 053
2,511
698, 993
71, 475
2,260
660, 890
78, 763
1 070
640, 589
103, 582
1 167
616, 302
136, 903
2,569
642, 167
143, 599
1 068
554, 425
123, 281
1 078
644, 109
110.022
1 021
575, 795
98, 839
1 433
638, 652
78, 844
1 558
628, 277
67, 291
1,990
626, 299
«• 66, 051
1 578
696, 567
78, 962
r 1, 654
MEATS
Total meats (including lard ) :
Production (inspected slaughter) _ _
mil. of lb-Stocks, cold storage, end of month
do
Exports
-- -do_- _
Beef and veal:
Production (inspected slaughter). _. -thous. of lb_Stocks, cold storage, end of month _ _ _
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, good
(600-700 Ibs.) (New York)..
dol. per lb_Lamb and mutton:
Production (inspected slaughter)__.-thous. of lb_Stocks cold storage end of month
_do
Pork, including lard, production (inspected
slaughter).
thous. of lb-Pork, excluding lard:
Production (inspected slaughter)
do
Stocks cold storage end of month
do
Exports
do__ _
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb-Fresh loins, 8-10 Ib. average (New York) .do
Miscellaneous meats and meat products, stocks,
cold storage, end of month:
Edible offal
thous of Ib
Canned meats and sausage and sausage-room
products
_-thous. of Ib
Lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Exports
do
Price, wholesale, refined (Chicago) _. -dol. per lb__
-
.438
.464
.476
.476
.445
.438
.430
.433
.447
.474
.488
498
.486
48, 257
6,869
50, 414
7,268
51, 338
8,222
47, 893
10 534
48, 992
13, 811
51, 344
14 332
42, 392
13 062
45, 917
10 689
39, 949
8 440
43, 184
7 099
43, 597
6,681
41, 543
r
6 079
47, 225
6 113
675, 735
686, 365
851, 970 1, 074, 324 1, 198, 884 1, 099, 016
759, 390
894, 965
780, 940
806, 047
829, 338
697, 727
705, 016
500, 186
283, 178
6,749
518, 143
204, 678
4,342
634, 343
209, 687
2,479
801, 460
297 205
2,711
880, 945
473, 741
6,576
804, 033
582 737
4,017
558, 664
573 108
4,179
664, 439
548 640
5,584
573, 780
541, 955
5,145
592, 792
492, 194
4,812
605, 008
469, 361
3,851
514, 916
394 402
4,481
519, 370
299 378
.613
.558
.569
.551
.489
.453
.468
.386
.469
.351
.489
.368
.495
.430
.485
.409
.478
.412
.528
.485
.548
.480
.611
.579
.586
.587
40 141
54 958
51 245
47 642
51 174
62 163
63 173
56 670
54 246
48 699
46 631
43 875
41 288
34, 310
27. 374
26, 094
30, 014
38, 186
45, 984
49 457
54 818
51, 381
49, 190
45, 952
34 893
37 823
128, 257
68, 819
29, 407
.166
122, 743
48, 768
32, 682
.152
158 861
38, 320
31 503
.158
199 237
39, 808
49 467
.130
232, 483
73, 995
54, 311
.128
215, 492
92, 949
45 770
.129
146 905
81, 174
68 583
.129
170 946
87, 306
74 019
.132
151, 151
108, 105
34 873
.132
155, 971
128, 467
31 629
.147
163, 743
136, 258
38, 855
.142
133 375
106 613
33 456
.174
135 697
74 578
38, 991
83, 466
.260
49, 399
132, 380
.238
58, 185
211, 517
.236
82, 866
267, 508
.217
73, 034
292, 513
.213
34, 859
295, 736
.204
28 604
260, 523
.223
27 462
212, 058
.239
30, 985
167, 000
.226
36, 928
136, 548
.211
36, 707
122, 328
.208
41 632
103 367
.229
39 168
106 716
.262
3,576
1 778
3,749
933
3,851
1 207
4,499
8 579
5,147
3 239
5,217
6 257
6,429
10 082
6,386
12 987
6,142
19 051
5,168
16 316
4,63.7
11 098
4,221
5 095
r
3 163
174, 761
2 585
155 374
.190
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of Ib
Stocks, cold storage, end of month __
do
Price, wholesale, live fowls (Chicago) -dol. per lb__
Eggs:
Production, farm
millions. _
Dried, egg production
thous of Ib
Stocks, cold storage, end of month:
Shell
thous. of cases
Frozen
-thous. of lb__
Price, wholesale, extras, large (Chicago) t
dol. per doz-_
' 3, 852
*• 3 951
110
1,426
146, 868
121, 476
96, 382
72, 556
53, 902
55, 052
73, 159
735
1 296
116, 546
2,147
155, 108
3,412
179, 732
3,667
188, 476
.559
.628
.564
.527
.381
.323
.327
.358
.344
.317
.342
.398
.412
40, 928
66, 713
69, 382
6'5, 913
52, 730
51, 675
49, 091
53, 018
42, 945
40, 368
37, 542
33, 788
53, 723
22, 119
.226
11, 253
.200
9,936
.205
21, 019
.246
30, 461
.259
23,512
.272
42, 469
.251
24, 918
.228
20, 053
.240
32, 893
.286
35, 712
.308
26, 475
.356
.405
1,868
1,129
2,332
1,4C3
1,945
1,280
2,185
1,507
1,439
874
1,093
699
779
519
1,286
727
728
596
1,198
803
731
855
506
609
1,517
1 170
1,687
1 095
1,853
2,016
2,247
2,070
1 574
1 321
1,131
1,050
810
501
250
380
r
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers
thous. of dol_.
Cocoa:
Imports.
.-longtonsPrice, wholesale, Accra (New York). _ dol. per lb__
Coffee:
Clearances from Brazil, total
thous. of bags_To United States
__.
_
do
Visible supply, United States
do __.
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. perlb..
Fish:
Landings, fresh fish, 5 ports
thous. of Ib
Stocks, cold storage, end of month
do_.
796
1,604
798
1,932
763
850
992
868
928
949
609
976
715
1 804
719
.284
.302
.355
.496
.490
.496
.485
.471
.473
.462
.478
.538
.553
77, 338
146, 344
64, 143
150, 608
55, 025
156. 077
42, 123
158. 719
31, 238
146, 813
27, 205
125. 516
32, 953
105. 818
39, 328
87. 133
44, 656
79, 027
38, 100
97, 100
65, 671
116, 897
137, 307
153. 625
r
Revised.
* No quotation.
fRevised series. U. S. Department of Agriculture data replace the series for U. S. standards published prior to the October 1949 issue of the SURVEY.
ber 1948 are shown on p. 24 of the June 1950 SURVEY.
Data for September 1944 to Decem-
SUEVEY OF CUEEENT BUSINESS
S-30
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons
Entries from off-shore
__
-do
Hawaii and Puerto Rico
do
Deliveries, total
do
For domestic consumption ... _ _ do
For export
do
Stocks, raw and refined, end of month
thous. of short tons..
Exports, refined sugar
short tons.
Imports :
Raw sugar, total
do..
From Cuba
do
From Philippine Islands cf
do
Refined sugar, total
do
From Cuba
do
Price (New York) :
Raw, wholesale
dol. per Ib
Refined:
Retail
do
Wholesale
do
Tea, imports
thous. of Ib
TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter total
mil oflb
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil of Ib
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Imports including scrap and stems
do
Manufactured products :
Chewing plug and twist
do
Smoking
do
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
.
millions
Tax-paid
do
Cigars (large), tax-paid
thousands. _
Manufactured tobacco and snuff, tax-paid
thous. oflb..
Exports, cigarettes
millions
Price, wholesale (composite), cigarettes, f. o. b.,
destination
dol. per thous
r
r
r
1,668
1,021
707
397
423
1,423
2,878
3,438
116, 207
391, 859
165, 441
733. 977
729, 920
4,057
548, 576
402, 253
133, 168
523, 702
519, 358
4,344
766, 441
252, 307
99, 018
539, 902
537, 257
2,645
418, 627
306, 744
309, 803
527, 904
525, 835
2,069
72, 870
404, 682
174, 121
511, 962
508, 537
3,425
31, 605
379. 389
119, 554
503, 096
501, 508
1,588
24, 382
584, 423
148, 180
620, 674
618, 495
2,179
17, 572
572, 778
243, 296
565, 982
565, 226
756
28, 821
593, 854
241, 671
738, 858
735, 153
3,705
r 615
2,379
404
2,403
879
1,475
1,446
1,133
1,708
977
1,625
1,695
1,525
693
1,564
5,976
1,573
64, 433
1,489
82, 827
1,178
56, 021
635
7,925
342, 892
272, 690
61, 901
28 259
23, 684
243, 822
225, 129
5, 581
28 272
28, 259
250, 846
242, 278
1,416
27, 763
26, 639
197, 959
190, 878
7,076
24, 521
24, 511
66, 038
66, Oil
0
50
0
139, 962
125, 411
6,238
18, 555
18, 544
233, 873
201, 313
32, 505
37, 980
37, 789
387, 307
337, 769
49, 405
49, 421
49, 111
269, 725
203, 875
65, 850
37, 933
37, 307
309, 350
235, 773
71, 760
55, 147
54, 244
275, 323
216, 334
55, 647
24, 788
22, 998
304, 034
236, 455
66, 443
32, 830
27, 487
059
.060
.060
.059
.057
.058
.056
.055
.055
.057
.058
.060
.062
.093
.077
7 877
.093
.077
8,443
.093
.079
7,702
.093
.079
9,327
.093
.079
6,289
1.462
.079
7,628
1.461
.077
7,943
1.456
.076
13, 773
1.455
.076
9,550
1.454
.076
10, 131
1.454
.076
9,745
i .452
.078
10, 874
1.491
.080
1, 803
43, 899
642, 038
132, 227
925, 954
922, 618
r 3, 336
' 3, 773
3,246
2,721
2,176
45, 324
26, 003
550, 711
587, 920
210, 870
231,972
863, 123 1, 190, 084
860, 136 1, 188, 091
2,987
1,993
90, 775
731, 339
224, 624
948, 443
944, 257
4,186
3 1, 951
2 1, 970
3,944
3,880
3,690
487
3,509
330
316
402
384
3 206
3,404
3,371
2,960
61 %3
9 088
20
134
76 768
7,' 483
56 720
7,261
37 675
6,903
19
141
50 179
4,758
16 052
8,355
19 049
6,368
19
152
28, 203
7,930
44 167
6,530
36, 823
8,121
18
148
22, 533
7,571
24, 525
5,720
22 986
8 839
10, 308
3 838
22 565
8,345
10, 579
3,641
22 434
7,774
10, 997
3,664
19 675
7,072
9,055
3,547
17 119
6,643
6,971
3,505
18 982
7,566
8, 483
2,933
17 867
7,023
7,919
2,925
22 031
8,085
10, 199
3,747
18 099
6,354
8,391
3,353
19, 159
6.568
9,189
3,402
20, 980
7,881
9,333
3,766
16, 578
6,839
6,911
2,828
3, 041
35, 347
516, 208
2,680
31, 743
532, 446
2,777
29, 194
534, 274
2,215
29, 657
508, 626
2,432
24, 776
386, 169
1,973
29, 290
424, 088
2,178
25, 645
415, 318
2,146
32, 036
453, 631
1,974
25, 829
383, 345
2,395
32, 674
424, 870
2,594
32, 815
471, 152
2,820
27, 374
400, 566
4,009
39, 126
587, 406
22, 869
1,476
23, 674
1,720
21, 975
1,523
19, 324
1,341
16, 556
1,893
19, 286
903
17, 354
969
21, 941
1,464
18, 176
1,157
18, 998
1,017
20, 095
1,422
16, 204
1,484
23, 531
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
7.056
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins
thous of Ib
Calf and kip skins
thous of pieces
Cattle hides
do
Goatskins
do
Sheep and lainb skins
do
Prices, wholesale (Chicago):
Calfskins, packers' 8 to i5 Ib
dol per Ib
Hides, steer, packers', heavy, native. _ _ _ do. __
LEATHER
Production:
Calf and kip
thous of skins
Cattle hide
thous of hides
Goat and kid
thous of skins
Sheep and lamb
do
Exports:
Sole leather:
Bends backs and sides
thous oflb
Offal including belting" offal
do
TJpper leather
thous of sq ft
Prices, wholesale:
Sole, bends, steer, f. o. b. tannery
dol. perlb__
Chrome calf, black, B grade, composite
dol. per sq. f t _ _
16 944
118
35
2,657
4 066
15 490
145
41
2,312
3,276
16, 028
120
47
2, 771
2,571
16, 499
116
77
2,688
2,723
18, 503
110
172
3,041
1,811
23, 838
276
356
2,924
2,335
20, 421
251
162
3,752
1,381
22, 115
170
186
3,743
2,040
18, 683
154
122
3,052
3,013
20, 781
177
160
4,269
2,348
28, 555
190
243
3,998
5, 333
30, 811
348
258
3,479
3,846
.410
.238
.421
.246
.425
.244
.425
.245
.445
.232
.450
(4)
.425
.207
.440
.213
.431
.208
.450
.220
.484
.245
.485
.278
867
1 985
2,743
2 599
831
1,964
3,008
2,509
886
1,874
2,956
2,677
861
1,869
2,743
2,687
941
1,974
2,794
2,128
925
1,880
3,016
2,193
885
1,949
2,960
2,675
902
2,115
3, 514
2,566
814
1,853
2,821
2,625
829
1, 949
3,206
2,720
923
2,070
3,329
2, 653
584
1,705
2,670
1,989
70
73
3 462
92
49
2,886
60
41
3,938
9
6
2,916
25
31
4,016
5
10
3,246
57
21
2,802
82
39
3, 002
52
27
2,594
13
19
2,471
79
39
2,726
43
10
2,271
.555
.559
.559
.549
.549
.549
.539
.539
.539
.539
.539
.571
.598
.975
.977
.975
.975
.988
.991
.991
1.017
1.027
1.034
1.037
1.080
1.134
.560
.309
2
3
4
l
December 1 estimate.
September 1 estimate.
No quotation.
Revised.
Price for 5 pounds; quotations prior to 1950 are for 1-pound package.
cfSee corresponding note on p. S-30 of the October 1949 SURVEY.
NOTE FOR LUMBER SERIES p S-31—Minor monthly revisions, which do not affect annual totals, for total lumber production and shipments (beginning 1934), fand stocks (1936, 1938) are
ailable upon request. Revised data for January 1948-July 1949 are as follows (mil. bd. ft.): Total production, 2,821; 2,595; 3,171; 3,055; 3,062; 3,218; 3,364; 3,518; 3,298; 3 251; 2,878; 2,597; 2,384;
T
SUKVEY OF CUEEENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-31
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
LEATHER AND PRODUCTS—Continued
LEATHER
MANUFACTURES
Shoes and slippers :§
Production, total
thous of pairs
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By types of uppersicf
All leather
_ do
Part leather and nonleather
do
By kinds:
Men's
do
Youths' and boys'
do
Worn en's
do
Misses' and children's
do
Infants' and babies'
do _
Slippers for housewear
do
Athletic
do
Other footwear
_ _ do
Exports
do
Prices, wholesale, factory, Goodyear welt, leather
sole:
Men's black calf oxford, plain toe__dol. per pair._
Men's black calf oxford, tip toe
_ __do_ _
Women's black kid blucher oxford
do. _
46 438
43, 007
39, 677
34, 959
39,965
35, 896
32, 258
27, 872
35, 593
38, €96
39, 259
46, 496
38, 058
38, 485
r
39, 070
35, 330
31, 147
35, 822
36, 209
42, 861
34, 204
34, 215
' 34, 221
30, 889
33, 170
2,651
33, 264
3,023
38, 629
3,940
29, 814
3,477
30, 563
3,493
31, 192
3,127
8,753
1,808
21, 467
5,005
2,932
5 889
319
265
527
8,460
1,725
18, 728
4,377
2,606
6 484
314
313
406
8,300
1,627
15 495
4,163
2,673
6 805
318
296
409
7,256
1,147
12 887
3,957
2,625
6,581
279
227
359
8,076
1,289
14 050
4, 538
3,194
3,998
232
216
348
8, 148
1,207
17, 974
5,134
3,359
2,425
220
229
229
7,982
1,203
18 709
5, 109
3,206
2, 569
247
234
319
9,421
1,378
22 577
5,762
3,723
3,083
277
275
337
7,842
1,105
17, 468
4,670
3,119
3,353
277
224
307
8,287
1,281
17, 105
4,538
3,004
3,708
319
243
257
' 8, 554
' 1, 418
' 16, 756
'r 4, 632
2, 861
r 4, 242
'319
"•288
233
6,905
1, 333
16, 527
3,955
2,169
3,943
286
212
193
9.653
6.600
5.150
9.653
6.600
5.150
9.604
6.600
5.150
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.750
5.150
9.555
6.750
5.150
9.678
6.750
5.150
34, 383
255, 642
38, 651
262, 114
38, 178
275, 384
51, 270
357, 413
44, 852
338, 658
10. 045
7.150
5.150
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products J
M bd ft
Imports, total sawmill products
_ _ _ do___
National Lumber Manufacturers Association:
Production, total
mil. bd. ft
Hardwoods
.
do_
Softwoods._
1
do _
Shipments, total
do
Hardwoods.
__
. _do. _
Softwood?
do
Stocks, gross (mill and concentration yards), end
of month, total
mil. bd. ft
Hardwoods
do .
Softwoods
do _ SOFTWOODS
Douglas fir:
Orders, newO- -- _ _ _
_
.-do
Orders, unfilled, end of month O
do. __
Production©
do
Shipments©---do._
Stocks, gross, mill, end of monthO
do
Exports total sawmill products
M bd ft
Sawed timber
do
Boards planks scantlings etc
do
Prices, wholesale:
Dimension, No. 1 common, 1" x 4" x 16'
dol. per M bd. f t _ _
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd. f t _ _
Southern pine:
Orders, new
mil, bd, ft
Orders, unfilled, end of month
. _ _ do
Production
do
Shipments
.
_ do
Stocks, gross (mill and concentration yards), end
of month
_
mil. bd. ft
Exports, total sawmill products
M bd ft
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 common, \" x 6" or 8" x 12'
dol. p e r M b d . f t - _
Flooring, B and better, F. G., I" x 4" x 12-14'
dol. per M bd. ft._
Western pine:
Orders, new _
mil. bd. ft
Orders, unfilled, end of month
do
Production^
___ __
_ _ _ do.-.
ShipmentsJ
do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
dol. per M bd. ft
61, 859
123, 729
74, 533
146, 878
i '3,210
566
i r 2, 644
i ' 3, 139
544
i r 2, 595
r 3, 140
52, 514
170, 507
62, 817
200, 847
44, 529
173, 518
33, 746
167, 280
34, 469
166, 228
2,387
633
1,754
2,633
697
1,936
2,463
601
1,862
' 2, 817
689
' 2, 128
' 3, 090
' 3, 226
' 2, 421
' 3, 342
' 2, 538
3,220
' 2, 603
683
2,537
3,576
752
2,824
3,683
776
2,907
3,579
754
2,825
3,600
703
2,897
3,338
761
2,577
3,265
703
2,562
3,950
829
3,121
3,758
780
2,978
' 6, 823
' 2, 117
' 4, 706
' 6, 468
' 2, 029
' 4, 439
' 6, 216
' 1, 959
' 4, 257
' 6, 223
' 1, 964
'4,259
6,117
1,941
4,176
6,096
1,992
4,104
6,170
2,050
4,120
6,361
2,099
4,262
'796
'846
'994
'872
1,044
'988
905
'878
1,044
1,083
'967
r
667
14 600
3,977
10 623
'665
15 425
5, 145
10 280
' 1, 028
'632
9,331
2,125
7,206
889
976
794
757
616
66. 640
67. 620
69. 090
72. 324
(2)
(2)
(2)
102. 900
103. 635
105. 840
105. 840
109. 368
(2)
C2)
(2)
714
802
770
982
914
488
798
879
469
797
859
576
757
807
844
488
831
932
1,602
6,813
1 584
5,229
1,614
8,602
2 562
6,040
1,533
8,866
1,926
6,940
1,471
11, 999
2,866
9,133
1,421
10, 448
2,683
7,765
1,320
65. 986
66. 176
69. 342
72. 128
74. 568
81. 124
139. 410
139. 165
141. 892
142. 658
144. 776
147. 648
584
619
721
828
803
778
766
733
' 3, 063
r 3, 097
' 2, 967
' 2, 576
' 3, 203
' 2, 459
' 3, 218
' 2, 448
' 3, 348
' 2, 311
' 2, 972
' 2, 625
' 2, 612
' 2, 616
662
'2,310
i r 7, 543
i 2, 286
i ' 5, 257
' 7, 481
2,272
r
5, 209
' 7, 385
2,270
' 5, 115
' 7, 076
2,187
' 4, 889
' 7, 070
2,181
' 4, 889
i ' 924
i '549
i '882
i r 839
1r
1, 004
31 062
5,474
25 588
'947
••590
••869
••906
••968
42 275
9,054
33 221
'920
"•615
'866
r895
••939
24, 305
5,008
19, 297
"•878
'571
'848
'922
'866
30, 784
7,884
22, 900
'776
'515
'844
'831
'878
18, 685
3,882
14 803
'635
'817
10, 916
4,437
6,479
' 748
'713
11, 965
5,379
6 586
63. 896
62. 720
62. 720
62. 720
63. 210
64. 484
114. 660
114. 660
108. 780
105. 448
104. 860
913
340
744
820
842
372
782
810
374
701
763
765
711
627
253
756
678
291
703
676
397
667
696
361
766
785
385
758
746
1,656
9,218
2 737
6,481
1,628
8,869
2 488
6,381
1,566
8,468
2,376
6,092
1,545
9,226
3 298
5,928
1,623
7,925
2 791
5,134
1,650
9,104
2 688
6,416
1,621
8,269
2 178
6,091
61. 173
63. 326
64. 311
65. 008
65. 467
65. 765
65. 618
564
578
604
606
649
732
304
760
781
656
919
'798
575
644
669
739
921
749
688
927
929
917
994
'845
886
938
579
21, 412
4,927
16, 485
840
20, 200
6,684
13, 516
989
921
778
136. 484
138. 542
139. 583
140. 256
140. 256
141. 114
139. 472
673
629
721
655
1,829
693
643
630
624
461
467
1,840
1,847
1,724
1,632
1,491
1,377
1,272
1,261
1,293
1,341
1,374
851
823
879
806
1,447
59.21
57.02
57.56
58.00
59.18
60.37
61.26
62.72
64.13
66.22
68.53
70.84
74.69
182 204
185 191
62 868
181 644
182, 512
62 278
189 159
191, 511
59, 664
189 244
193, 447
55, 304
192 454
198, 390
49, 189
175, 484
168, 635
55, 268
177 577
177, 905
55 322
235 291
237, 000
53 878
207, 431
206, 840
53, 638
228 184
224, 383
57, 861
223, 051
230, 444
50, 836
148, 899
146, 628
54, 855
699
637
626
734
617
669
759
563
627
767
477
569
757
264
405
755
326
439
763
477
582
783
585
597
719
729
697
758
837
789
SOFTWOOD PLYWOOD
Production
thous of SQ ft
Shipments
Stocks end of month
%" equivalent
do
do
HARDWOOD FLOORING
Maple, beech, and birch:
5,425
8,550
4,325
4,525
4,300
4,800
5,400
5,275
7,150
5,800
7,525
4,200
11, 650
Orders, new
M bd ft
15, 625
12, 675
12, 475
7,125
5,900
7,225
Orders, unfilled, end of month
__
do
6,600
6,850
9,850
11, 050
19, 575
6,300
8,250
5,425
4,500
4,175
4,375
4,450
4,225
4,125
4,325
4,850
4,025
5,825
5,225
4,900
Production
_ _
do
5,650
4,575
4,250
4,225
4,625
7,500
5,325
6, 550
3,950
4,200
4,450
5,450
4,550
Shipments
._._ do
5,700
9,925
4,075
7,000
9,650
10, 025
9,650
9,050
8,275
10, 150
10, 000
8,150
Stocks, mill, end of month
_do_ -_
9,700
' Revised.
i See note at bottom of p. S-30 regarding historical revisions and for revised data for 1948-July 1949.
2 No quotation.
§ Data beginning 1949 have been revised to include reports from additional companies (accounting for about 4 percent of total production in 1949) and, therefore, are not comparable with
earlier figures; revisions for January-May 1949 will be shown later.
cf The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available
by types of uppers. Data through 1949, shown prior to the August 1950 SURVEY, covered fewer reporting companies (see note "§" above).
| See note at bottom of p. S-38 of the October 1949 SURVEY regarding revisions for exports of sawmill products for 1948 and Western pine for January 1947-March 1948. ©Minor monthly
revisions beginning 1929 for Douglas fir (formerly designated as West Coast woods) are available upon request.
SUEVEY OF CUEEENT BUSINESS
S-32
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
93, 988
102, 330
81, 049
87, 285
34, 965
78, 601
102, 115
75, 243
78, 816
31, 392
92, 625
106, 689
86, 791
88, 051
28, 134
84, 121
95, 723
91, 649
95, 087
24, 696
98, 438
108, 142
83, 300
86, 019
21, 977
August
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING—Continued
Oakrcf
Orders, new
Orders unfilled end of month
Production
__
Shipments
Stocks, mill, end of month____
M bd. ft-_
do
do_ _ _
do
do
78,066
35, 029
87, 382
47, 846
71, 309
74, 565
53, 879
70, 606
73, 266
57, 135
85, 525
55, 918
72, 162
77, 453
47, 202
71, 891
61, 488
69, 066
66, 118
47, 149
74, 615
55,715
72, 953
74, 818
44, 201
85, 965
75, 816
71, 038
71, 637
45, 612
91,090
95. 627
68, 334
71, 297
41, 201
99, 968
104, 163
99, 237
103, 947
17, 267
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total
_
short tons__
Scrap
do
Imports total
do _
Scrap
do •
187, 348
17, 557
62, 358
11, 924
373, 765
18, 189
62, 501
18, 930
298, 496
13, 552
69, 136
33,468
279, 502
14, 603
51, 136
3,606
273, 017
14, 481
97, 848
15, 832
258, 174
18, 151
102, 857
18, 408
289, 000
18, 575
136, 730
21, 090
340, 684
15, 719
182, 152
45, 220
249, 574
14, 357
182, 520
26, 102
1 664
765
899
5,340
1,737
3,603
3,401
1,795
1,606
5,497
1,693
3,804
5,320
2,824
2,496
5,718
1,642
4,076
5,495
2,956
2,539
5,400
1,548
3,852
5,084
2,677
2,407
5,154
1,468
3,686
5, 714
2,992
2,722
4,740
1,343
3,397
5,733
2,988
2,745
4,511
1,315
3,196
5,973
3,115
2,858
4,646
1,371
3,275
5,737
2,956
2,781
5,151
1,499
3,652
5,273
2,760
2,513
5,553
1,602
3,951
10 164
10, 421
5,319
709
1,591
4,456
2,049
2,079
4, 407
2,816
1,649
5,575
2,777
1,524
6,831
2,492
1,245
8,077
2,496
1,150
9,424
2,999
2,087
10, 337
10, 740
10, 770
10, 306
12, 355
13, 274
9,460
13, 477
14, 238
8,685
11,315
5, 726
40, 811
36, 084
4,728
1,025
9,461
5,541
45, 356
39, 346
6,010
968
1,575
877
47,017
39, 585
7,432
458
1,103
3,520
44, 786
37, 848
6,939
655
171
6,760
38, 629
32,544
6,085
348
0
6,740
32,004
26, 710
5,294
601
0
5,329
26, 745
22, 103
4,642
509
0
5,948
20, 865
16, 829
4,035
579
349
7,109
14, 099
11, 033
3,066
334
9, 496
7,362
14, 384
11, 544
2,840
678
11, 738
' 7, 249
19, 189
15, 997
3,192
871
12, 704
7,579
24, 108
20, 651
3,456
792
46
50
44
60
80
47
55
61
68
64
107
88
1,048
980
881
459
955
716
398
939
719
395
892
862
440
914
913
450
873
864
417
922
996
500
922
981
484
978
1,095
573
1,040
1,136
613
1,287
961
508
26, 723
55, 795
49, 439
25, 250
34, 719
60, 835
57, 379
29, 679
34, 390
62, 307
62, 874
32, 918
35, 991
67, 049
60, 386
31, 249
41, 456
69, 866
66, 259
38, 639
42,663
76, 250
69, 822
36, 279
43, 256
77, 074
76, 161
42, 432
56, 322
86, 783
82, 345
46, 613
55, 715
105, 300
67, 514
37, 198
77, 093
132, 374
86, 021
36, 002
2,722
2,773
5,231
5,215
5,294
5,285
4,173
4,357
4,601
4,779
5,577
5,548
5,855
5,827
5,633
5,637
5,879
5,620
5,770
509, 642
27, 342
50, 667
43, 207
521, 535
22, 423
19, 327
5,618
4 756
2,747
2, 009
5 351
1,789
3,563
4,631
2,658
1,973
4 824
1,531
3,293
11, 986
12, 582
5,576
255, 611
20, 319
25, 247
17, 086
Iron and Steel Scrap
Consumption total
thous of short tons
Home scrap
do
Purchased scrap
_do
Stocks consumers' end of month total
do
Home scrap
do
Purchased scrap
do
Ore
Iron ore:
All districts:
Production
thous of long tons
Shipments
do
Stocks end of month
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption by furnaces _ _ _ _
do. _
Stocks, end of month, total
do
At furnaces
do__
On Lake Erie docks
__
do _.
Imports
do.
Manganese ore, imports (manganese content)
thous of long tons
r
12, 482
7,371
29, 966
26, 084
3,881
Pig Iron and Iron Manufactures
Castings, gray iron:
Unfilled orders for sale
thous of short tons
Shipments, total
do
For sale
do
Castings, malleable iron:
Orders, new, for sale short tons.
Orders, unfilled, for sale
do
Shipments, total.
do
For sale _
do
Pig iron:
Production
thous. of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous of short tons
Prices, wholesale:
Composite
dol. per long ton__
Basic (furnace)
do
Foundry, No. 2, f. o. b. Neville Island
do_ __
872
446
20, 861
61, 330
58, 121
30, 327
26, 828
57, 512
' 60, 723
«• 30, 781
25, 392
54, 322
57, 150
28, 582
4,477
4,604
4,350
4,495
612
753
1,847
2,230
1,616
1,446
1,499
1,441
1,299
1,138
1,144
1,168
1,197
1,366
46.62
46.00
46.50
46.68
46.00
46.50
46.68
46.00
46.50
46.68
46.00
46.50
46.68
46.00
46.50
46.68
46.00
46.50
46.85
46.00
46.50
47.28
46.00
46.50
47.28
46.00
46.50
47.28
46.00
46.50
47.28
46.00
46.50
47.28
46.00
47.25
47.48
46.00
49.50
85, 033
53, 079
9,258
<• 89, 136
57, 996
9,298
' 92, 240 r 112, 335 ' 107, 129 ' 117, 773 •• 131, 097
62, 045
77, 588
75, 133
83, 845
94, 637
10, 920
15, 281
17, 406
20, 552
27, 065
' 98, 269
68, 874
15, 734
128, 369
94, 413
24, 922
Steel, Crude and Semimanufactures
Steel castings:
' 1 89, 849
Shipments, total §
short tons
59, 412
For sale, total.
do. __
13, 348
Railway specialties
do . _
Steel forgings, for sale:
311, 923
Orders, unfilled, total
do
257, 259
Drop and upset
do
Press and open hammer. .
do_ __ 54, 664
95, 794
Shipments, total
_ _
do
73, 630
Drop and upset
do
Press and open hammer _
do
22, 164
Steel ingots and steel for castings:
Production
thous. of short tons. _
6,723
82
Percent of capacity t
Prices, wholesale:
.0420
Composite, finished steel
dol. per lb__
Steel billets, rerolling (producing point)
58.24
dol. per long ton__
Structural steel (Pittsburgh)
dol. perlb__
.0350
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton_ _
21.00
r
87, 117
55, 853
11, 823
' 71, 295 r 76, 820
50, 685
48, 263
8,964
7,270
r
294, 240
250, 239
44, 001
88, 417
71, 781
16, 636
280, 291
231, 849
48, 442
81, 278
65, 651
15, 627
286, 897
240, 715
46, 182
72, 859
56, 455
16, 404
307, 656
263, 816
43, 840
78, 266
61, 765
16, 501
327, 035
280, 023
47, 012
92, 994
73, 458
19, 536
340, 955
294, 251
46, 704
92, 547
73, 440
19, 107
350, 358
287, 874
62, 484
108, 677
87, 745
20, 932
357, 238
297, 032
60, 206
99, 193
80, 950
18, 243
372, 804
311,811
60, 993
113, 657
93, 459
20, 198
408, 345
342, 535
65, 810
117, 333
96, 061
21, 272
445, 567
391, 820
53, 747
94, 929
79, 081
15, 848
547, 552
483, 840
63, 712
123, 608
99, 605
24,003
6, 598
84
928
11
4,223
53
7,728
95
7,930
94
6,793
89
7,487
89
8,213
100
8,552
101
8,132
99
8,071
95
8,230
96
.0420
.0420
.0420
.0427
.0438
.0438
.0438
.0438
.0438
.0438
.0438
.0438
58.24
.0350
68.24
.0350
58.24
.0350
58.80
.0363
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
27.75
29.38
31.38
31.00
30.00
31.63
31.60
32.88
37.00
43. 90
40.50
43.60
5,401
2,419
28
5,361
1,694
31
5,298
1,682
26
4,592
1,956
49
4,863
1,635
61
4,937
1,758
42
4,745
2,095
31
4,659
1,721
28
4,410
1,967
35
4,856
2,089
36
5 795
2,128
44
7 138
2,704
49
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders unfilled end of month
thousands
Shipments
do _
Stocks, end of month
do
r
5,645
1,990
33
Revised.
* See note marked "§" below.
d"Monthly revisions (1940-46) to incorporate data for prefinished flooring and small quantities of species of hardwood flooring other than oak, included in current data, will be shown
later, scattered monthly revisions (1934-36) are available upon request.
§Revised data for total shipments for January-July 1949 are as follows (short tons): 141,438; 135,689; 140,293; 120,870; 106,949; 116,633; 78,474.
JPercent of capacity is calculated on annual capacity as follows: Data beginning July 1950, on capacity as of July 1 of 100,563,500 tons of steel; January-June 1950, on capacity as of January
1, 1950, of 99,392,800 tons; 1949, on 96,120,930 tons.
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-33
1950
1949
August
September
October
November
December
January
February
March
April
May
June
224, 203
130, 753
93, 450
187, 986
956
25, 353
282, 923
164, 147
118,776
241,985
1,088
30, 531
356, 117
228, 767
127, 350
312, 661
1,105
33, 036
396, 681
264, 343
132, 338
364, 504
1, 124
33, 836
5,780
646
122
225
743
438
164
1 1, 686
146
179
333
366
429
6,253
702
138
241
803
467
189
i 1, 768
154
200
364
432
456
6,192
693
138
229
807
447
186
i 1,735
157
187
361
438
471
5,669
594
156
250
703
393
152
1 1, 728
115
177
347
420
354
63, 518
182, 954
July
August
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Cans, metal, shipments (in terms of steel consumed) ,
total
-_ _ short tons _
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures, production
millions. _
Crowns, production
thousand gross. .
Steel products, net shipments:
Total
_ _ _ - thous. of short tons .
Bars, hot rolled— Carbon and alloy
do
Reinforcing. ___ __
do
Semimanufactures
do
Pipe and tubes
__ do _
Plates
do
Rails
__ _ _
do _ _
Sheets
do
Strip — Cold rolled
do
Hot rolled.
_ _ do _
Structural shapes, heavy
do
Tin plate and terne plate..
do
Wire and wire products
do
489, 794
383, 603
106, 191
444. 976
920
29, 709
4,918
416, 974
312, 538
104, 436
371, 691
910
25,511
285, 644
188, 092
97, 552
252, 522
874
19,936
227, 359
150, 987
76, 372
198, 034
811
19, 554
219, 119
146, 653
72, 466
184, 918
831
16, 767
209, 187
136, 899
72, 288
176, 582
951
21, 365
198, 279
121,128
77, 151
163,010
908
22, 066
236, 413
138,019
98, 394
192, 993
1,061
26, 281
1,538
37, 430
648
481
196
1,377
106
153
300
322
334
5,236
524
162
125
655
467
162
1,497
122
179
309
394
386
935
89
31
18
121
51
1
316
64
38
8
81
71
3,297
325
125
104
400
290
31
990
78
90
215
246
268
5,411
606
138
220
653
519
141
1,506
137
164
341
326
419
5,483
620
122
228
671
456
151
i 1, 572
141
176
325
348
424
5,135
602
101
220
633
346
125
1
1, 502
141
167
309
329
408
52, 001
276, 727
49, 742
245, 978
45, 790
252, 431
35, 865
243, 748
41, 161
259, 203
52, 023
232, 796
50, 668
142, 324
58, 747
253. 181
58, 024
248, 354
61, 929
225, 388
60, 400
167,154
.0651
.0725
.0737
.0775
.0775
.0775
.0775
.0746
.0725
.0757
.0864
.0882
.0985
' 163. 8
'30.2
133.6
90.3
.342
208.9
39.9
169.1
27.9
.342
465
156
136
5,723
652
116
230
658
441
125
1
1, 719
151
182
331
363
464
6,326
674
169
282
801
454
158
1
1, 756
170
214
343
467
495
NON FERROUS METALS AND PRODUCTS
Aluminum:
Production primary
_ _ _
short tons.
Imports, bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
dol. per lb__
Aluminum fabricated products, shipments, total
mil. oflbs__
Castings
do
Wrought products, total
_ _ _ _ _ do__ _
Plate, sheet, and strip
do
Brass sheets, wholesale price, mill
dol. per lb_.
Copper:
Production:
Mine production, recoverable copper
short tons_.
Crude (mine or smelter, including custom intake)
short tons
Refined _ _
_ _ _ _ _ _ _ _
do
Deliveries, refined, domestic
do
Stocks, refined, end of month .
do
Exports refined and manufactures
do
Imports, total
do
Unrefined including scrap
do
Refined
do
Price, wholesale, electrolytic (N. Y.)_dol. per lb__
Lead:
Ore (lead content) :
M^ine production
short tons
Receipts by smelters, domestic ore
do
Refined (primary refineries) :
Production!
do
Shipments (domestic) t --- -- -- - do _ _
Stocks end of monthf
do
Price, wholesale, pig, desilverized (N. Y.)
dol. perlb..
Imports, total, except mfrs. (lead content)
short tons
Tin:
Production pig
long tons
Consumption pig
do
Stocks pig end of month total§
do
Government §
do
Industrial
do
Imports:
Ore (tin content)
do
Bars blocks pics etc
do
Price, wholesale, Straits (N. Y.)cT
dol. per lb__
Zinc:
Mine production of recoverable zinc. .short tons..
Slab zinc:
Production
do
Shipments, total
__
_ do__
Domestic
do
Stocks, end of month.
_.
do
Price, wholesale, prime Western (St. Louis)
dol. perlb. _
For smelting refining and export
For domestic consumption:
Ore (zinc content)
Blocks pigs etc
104.2
24.0
80.2
49.3
.282
'l23. 4
27.6
95.8
65.3
.282
135.3
29.1
106.2
75.9
.282
107.1
26.3
80.7
54.1
.286
119.8
26.8
93.1
61.2
.287
129.5
28.8
100.7
68.5
.287
140.2
28.9
111.3
77.0
.287
184.9
35.8
149.0
107.4
.287
162.7
33.4
129.4
89.4
.292
163.6
36.0
127.5
85.7
.312
175.1
37.6
137.5
92.7
.336
55, 898
58, 111
60, 515
66, 044
69, 734
71, 464
67, 296
76, 083
73, 351
74, 522
74, 860
' 72, 525
79, 749
62, 279
85, 577
90, 739
217, 167
8,695
45, 372
24, 372
21, 000
.1733
64, 870
79, 949
103, 115
193, 890
14, 214
38, 176
15, 744
22, 432
.1733
69, 052
86, 882
108, 192
164, 464
9,388
37, 231
25, 102
12, 129
.1733
80, 598
92, 602
117, 133
139, 199
13, 075
41, 786
21, 811
19, 975
.1806
80, 390
94, 947
107, 662
116, 027
25, 049
59, 054
39, 211
19, 843
.1820
85, 626
95, 229
111,668
101, 070
12, 165
56, 114
25, 647
30, 467
.1820
80, 756
94, 036
112, 773
77, 472
20, 748
61, 382
39, 763
21, 619
.1820
90, 335
113, 440
123, 030
60, 276
19, 021
45, 297
26, 494
18, 803
.1820
83, 782
103, 293
101, 729
57, 028
17, 120
34, 520
15, 658
18, 862
.1864
83, 262
112, 388
113, 837
51, 020
14, 064
66, 114
27, 083
39, 031
.1961
96, 754
113, 961
126, 047
50, 327
11,434
87, 137
39, 818
47, 319
.2200
' 85, 378
96. 734
95, 983
48, 266
9,785
29, 347
13, 112
16, 235
.2220
89, 207
108, 465
112, 083
50, 952
34 021
32, 255
30 607
30, 161
29, 887
29, 497
33, 225
36, 329
36 047
37, 888
36 007
35, 031
34, 794
36, 452
38, 678
38, 457
35, 612
35, 513
37, 837
39, 099
37 754
33, 581
75, 285
34, 928
28, 298
60, 208
46, 246
22, 695
64, 859
48, 500
36, 799
65, 065
48, 896
22, 738
70, 424
47, 512
25, 683
76, 529
41,670
21, 855
79, 143
49, 104
22, 358
88, 581
48, 196
33, 751
86, 309
48, 989
45, 702
76, 236
r
.2227
36, 713
35, 811
31, 138
32, 283
34, 952
44, 490
35, 774
69, 025
41, 520
41, 188
67, 809
47, 242
47, 031
67, 495
.1293
.1503
.1505
. 1342
.1252
.1200
.1200
.1200
.1096
.1063
.1172
.1181
.1166
30, 856
19, 240
28 157
25, 951
27, 426
31, 286
33, 924
26, 197
32, 787
54, 917
41, 523
35, 646
3 307
5 045
31,416
21 703
9 713
3,171
4 852
30 287
20 873
9 414
3,246
2 411
32 070
22 403
9 667
3,313
3 925
35, 165
23 129
12 036
3,081
4 605
35, 777
22 452
13,325
2,652
5 131
43, 875
25 816
17 104
3,137
5 799
2 43, 890
23 396
19, 673
2,605
6,478
42, 644
20, 623
20,117
2,574
6,571
2 42, 512
18, 254
22, 780
2 332
6 434
1. 0300
3 284
6 458
«• 1. 0190
4 899
7 558
«• . 9537
4 122
4 881
'. 8949
' . 7901
2 549
7,409
.7593
1 383
8 184
.7435
658
11,621
.8988
1. 0205
45, 289
42, 268
39, 219
42, 447
46, 019
43, 793
48, 372
54, 484
73 819
74, 339
68 659
84, 888
70 368
70, 228
60, 371
85, 028
64 399
51, 761
43, 998
97, 666
65 055
73, 702
63, 859
89, 019
71,327
66, 125
57, 801
94, 221
do
.1000
24 756
3 839
.1001
23 198
1 692
.0932
20 507
1 109
.0975
28 454
935
.0975
21 294
207
do
do
9 941
10 976
8 265
13, 241
4 931
14, 467
9 931
17,588
7 106
13, 981
2
1 793
2 915
r
2,987
4 941
39, 827
25 991
13, 145
2
2
2,743
5,488
42, 270
23, 488
18, 427
2
3,185
6,120
43, 417
23, 482
19,230
2
1 755
4,972
. 7475
1 392
2,941
r . 7645
374
10, 434
.7750
473
8,569
.7770
46, 187
51, 212
49, 113
51, 785
50, 184
69, 948
82, 132
69, 020
82, 037
69,639
84, 257
72, 843
67, 419
77,946
85, 589
74, 700
59, 776
75, 877
83, 133
73, 389
52, 520
79, 645
90, 346
71, 101
41, 819
75, 766
90, 920
68, 214
26, 665
77,
84,
67,
20,
868
116
119
417
73, 399
79, 365
69, 073
14, 451
.0976
23 157
60
.0975
30 999
434
.0994
25 530
983
.1066
20 593
178
. 1197
27 202
0
.1465
43 662
136
.1500
38, 824
0
.1505
12 491
10, 606
15,625
14, 940
13,382
11, 165
7,044
13,371
13, 309
13, 893
30, 141
13, 385
20, 467
18, 357
T
r
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and con vectors, cast iron:
Boilers (round and square):
19,386
25, 747
12, 573
10, 534
11, 144
25 185
15, 025
15, 349
10, 595
36 989
27 270
33 839
Shipments
thous of Ib
87, 568
100, 994
96, 634
99, 986
90, 786
74, 863
56, 796
60, 117
70, 978
79, 029
61, 511
89, 724
Stocks end of month
do
Radiation:
4,020
3,513
2,966
2,440
2,025
2,678
3,015
4,190
5 363
5,970
2,813
4 130
Shipments
thous of SQ ft
6,531
7,821
6,186
5,655
7,505
5,602
5,806
7,056
5,688
8,548
6,491
10, 485
Stocks, end" of month
do...
r
l
Revised.
Includes data for electrical strip.
2 Includes small amount not distributed.
fRevised series. Data beginning 1949 have been revised to exclude figures for secondary refineries; revisions prior to 1949 will be published later. The production figures (corresponding
to those formerly designated as primary) include some secondary lead produced by primary refineries.
d" Substituted series. Compiled by the American Metal Market; data represent average of daily closing prices (prior series was based on averages for the day). Data for January-July 1949
are identical for both series.
§Government stocks represent those available for industrial use.
SUKVEY OF CURBENT BUSINESS
S-34
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1949
September
August
1950
October
November
December
January
February
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, ETC.—Continued
Boilers, range, shipments
number
Oil burners:
Orders, unfilled, end of month
do
Shipments.
__ __
do
Stocks, end of month
_
_ _ do _
Stoves and ranges, domestic cooking, exc. electric:
Shipments, total
.
number
Coal and wood
do
Gas (inc. bungalow and combination) _ do
Kerosene, gasoline, and fuel oil
do
Stoves, domestic heating, shipments, total
do
Coal a n d wood _ _
__
_do _
Gas
do
Kerosene, gasoline, and fuel oil
do
Warm-air furnaces (forced-air and gravity-air flow) ,
shipments, total__ __
number
Gas
do
Oil
do
Solid fuel
do
Water heaters, nonelectric, shipments
do
39, 273
41, 492
44, 164
37, 937
41, 362
42, 101
54, 523
53, 374
34, 481
33, 563
36, 498
37, 489
60, 801
74, 116
42, 004
65, 364
94, 805
35, 451
56, 518
96, 963
29, 014
47, 562
60, 342
32, 785
44, 176
40, 906
39, 130
41, 206
36, 650
40, 040
45, 218
36, 808
42, 152
52, 517
51, 985
43, 744
54, 879
46, 208
51, 698
61, 945
64, 001
57, 818
81, 725
80, 562
59, 401
123. 693
98, 656
50,. 446
241, 977
17, 144
207, 521
17, 312
262, 193
18, 926
229, 244
14, 023
291, 030
16, 718
257, 506
16, 806
269, 616
15,012
238, 780
15, 824
204, 521
9,436
181,112
13, 973
192, 107
10, 581
167, 221
14, 305
236, 828
11,933
209, 156
15, 739
299, 019
14, 527
265, 829
18, 663
263, 738
12, 170
239, 706
11, 862
266, 647 ' 246, 283 281, 870
8,663
8,783
11. 113
244, 080 ' 220, 936
256. 075
13, 904
16, 564
14, 682
563,
146,
220,
195,
694
962
861
871
734, 975
213, 955
263, 859
257, 161
666,
206,
263,
197,
505,
140,
243,
122,
989
391
369
229
186, 219
45, 669
99, 041
41, 509
95, 908
12, 088
48, 215
35, 605
93, 591
6,366
42, 419
44, 806
108, 071
16, 597
59, 334
32, 140
130, 064
21, 376
69, 721
38, 967
190, 317
34, 975
101, 258
54, 084
294, 372
51,160
137, 945
105, 267
433, 371
74, 704
228, 936
129, 731
84, 250
36, 492
26, 143
21,615
180, 632
111, 582
48, 235
30, 852
32, 495
191, 787
102, 989
44, 606
34, 676
23, 707
200, 959
78, 828
38, 472
24, 650
15, 706
184, 147
51, 766
25, 736
17, 543
8,487
160, 785
39, 887
20, 353
13, 696
5,838
164, 863
45, 618
24, 582
14, 248
6,788
185, 780
59, 982
36, 304
18, 348
5,330
210, 074
58, 798
38, 896
15, 465
4,437
213, 754
78, 349
50, 162
21, 286
6,901
237, 837
98, 517
58, 476
30, 867
9,174
255, 072
102, 304
54,318
35, 380
12, 606
243, 613
940
025
134
781
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders*
thous of dol
TJnit heater group new ordersj
do
Foundry equipment (new), new orders,
net
1937-39 = 100
Furnaces, industrial, new orders:
Electric
thous. of dol
Fuel-fired (except for hot rolling steel) * _ do
Machine tools, shipments
1945-47 = 100
Mechanical stokers, sales:
Classes 1, 2, and 3
_
number
Classes 4 and 5:
Number
Horsepower
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol
18, 619
8,006
15, 905
12, 341
17, 710
11 432
25, 230
9,592
127.1
166.6
133.5
270.4
201.0
159.3
113.1
225. 2
160.6
294.9
622.7
401.8
693.6
210
706
67.3
318
589
67.6
565
269
62.3
293
516
67.6
281
719
75.7
473
1,914
52.8
697
616
56.1
753
1,300
75.3
415
837
61.6
982
1,392
82.5
1,328
1,166
91.9
1,445
2,247
' 68. 3
1,039
3,927
v 93.7
4,246
6,681
4,319
2,257
1,469
1,327
670
692
846
743
1,450
2,208
4,378
345
66, 018
268
50, 693
242
41, 318
209
52, 631
163
46, 854
106
29, 700
95
28, 564
116
38, 845
115
35, 453
134
34, 960
••226
«• 62, 952
244
f 64, 102
347
86, 814
3,767
2,914
2,539
2,525
2,560
2,587
2,938
3,313
3,376
3,668
4, 153
4,080
6,429
2,648
2,786
2,573
2,132
1,694
1,467
1,174
1,191
915
1,196
1,646
' 2, 060
2,848
205
219, 909
323, 789
206
250, 036
357, 281
168
272, 520
333, 700
137
253, 516
298, 700
181
265, 513
237, 591
226
249, 150
275, 600
280
263, 515
343, 000
356
361, 014
423, 800
330
292, 664
333, 100
328
278, 645
304, 600
332
250, 190
325, 200
304
279, 967
282, 300
341, 232
381, 500
273
318
330
345
338
345
356
406
381
446
451
370
3,649
4,380
4,479
4,723
4,625
4,696
4,788
5,351
5,226
6,069
6,165
5,164
6,288
2,678
3,038
3,201
3,231
3,155
3,632
3,439
3,988
3,735
4,319
4,326
3, 831
4,721
947
1,013
1,063
1,112
1,097
1,217
1,269
1,566
1,307
1,534
1,523
1,271
1,717
12, 400
14, 992
17, 683
12, 662
20, 946
15, 674
16, 100
17, 708
16, 515
17, 219
21, 645
24, 723
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands. _
Domestic electrical appliances, sales billed:
Refrigerators, index
_ _ 1936 = 100
Vacuum cleaners, standard type
number _ _
Washers _ _ _ _ _ _ _ __do
Insulating materials and related products:
Insulating materials, sales billed, index_ 1936 =100. _
Fiber products:
Laminated fiber products, shipments
thous. of dol__
Vulcanized fiber:
Consumption of fiber paper
thous. of lb_ _
Shipments of vulcanized products
thous. of dol._
Steel conduit (rigid) and fittings, shipments
short tons
Motors and generators, quarterly:
New orders index
1936—100
Polyphase induction motors, 1-200 hp.:cf
New orders
thous. of dol__
Billings
do
Direct current motors and generators, 1-200 hp.:cf
New orders
thous of dol
Billings
do
224
236
338
337
17,715
19, 655
18, 521
17,912
28,236
19, 812
25, 436
24, 068
2,890
3,248
3 747
3,472
4 692
3,525
6 106
4 347
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. of short tons.Stocks in producers' storage yards, end of month
thous. of short tons_.
Exports
do _
Prices, composite, chestnut:
Retail
dol per short ton
Wholesale
-,--do__
Bituminous:
Production
thous. of short tons__
Industrial consumption and retail deliveries, total
thous. of short tons_Industrial consumption total
do
Beehive coke ovens
._
do_
Byproduct coke ovens
do.
Cement mills
do
Electric-power utilities
do
Railways (class I)
_.
do
Steel and rolling mills
__
_ _ do _
Other industrial
do
Retail deliveries _ _ _ _
___
do_ _
r
3,710
2,114
4,979
4,657
2,749
2,914
2,581
4,882
3,355
4,258
4,196
2,875
4,417
879
382
601
399
724
510
1,138
421
975
277
658
149
358
201
183
364
289
261
408
364
556
345
637
275
878
19.80
15. 814
20.08
16. 102
20.36
16. 165
20.49
16. 185
20.49
16. 190
20.51
16. 190
20.51
16. 190
20.62
16. 577
21.30
16. 692
20.33
16. 207
20.36
16.356
37, 615
19, 783
10,307
44, 623
36, 028
31, 277
11,950
53, 104
44, 792
45, 885
46, 318
' 34, 874
49, 983
33, 591
28, 005
79
7, 384
641
6,732
5,133
551
7,485
5.586
36, 537
27, 292
47
7,161
625
6,341
4,709
527
7,882
9,245
28, 068
21, 569
16
2,466
654
6,279
4,584
192
7,378
6,499
34, 948
26, 343
52
5,033
675
6,416
5,080
521
8,566
8,605
43, 036
31,436
112
7,960
725
7,206
5,665
722
9,046
11,600
41, 855
30, 719
152
7,696
659
7,306
5,320
712
8,874
11,136
34, 322
25, 458
40
5,714
579
6,397
4,119
649
7,960
8,864
40, 033
30, 008
392
7,144
565
6,900
5,522
745
8,740
10, 025
36, 617
30, 041
666
8,091
631
6,538
5,341
663
8,111
6,576
34, 031
29, 651
704
8,367
649
6,645
4,926
622
7,738
4,380
33, 248
28, 763
864
8,072
636
6,779
4,727
558
7,127
4,485
* 33, 819
r
28, 581
••795
8,340
625
6,797
4,750
539
6,735
5,238
37, 954
30, 836
1,006
8,183
670
7,782
4,988
583
7,624
7,118
20.76
' 16. 498
21.26
16. 636
p
Revised.
Preliminary.
JSee note marked "±" on p. 34 of the June 1950 SURVEY regarding revised data.
cfThe number of companies reporting is as follows: Direct current—last three quarters of 1949, 28; first half of 1950, 29; polyphase induction—(1949) second and third quarters, 32; fourth
quarter, 33; first half of 1950, 31.
*New series. Compiled by the Industrial Furnace Manufacturers Association, representing orders (less cancellations) for metallurgical and other purposes as reported by 24 to 28 companies.
Currently, the combined data for electric and fuel-fired furnaces account for about 80 percent of the industry total. Data prior to 1949 will be shown later.
SUKVEY OF CUERENT BUSINESS
October 1950
S-35
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
PETROLEUM, COAL, AND PRODUCTS—Continued
CO A L — Continued
Bituminous— C ontinued
Consumption on vessels (bunker fuel)
thous. of short tons__
Stocks, industrial and retail dealers', end of month,
total
thous of short tons
Industrial, total__
_
do
Byproduct coke ovens
do
Cement mills __
_
do___
Electric-power utilities
do
Hallways (class I)
do _
Steel and rolling mills
___do _ .
Other industrial
do
Retail dealers.
__
do __
Exports
do
Prices, composite:
Retail
dol. per short ton
Wholesale:
Mine run
do
Prepared sizes
_ do
COKE
Production:
Beehive
thous. of short tons
Byproduct
_ _
do_ _
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants
do
At merchant plants.
do. __
Petroleum coke
do
Exports
do __
Price, beehive, Connellsville (furnace)
dol. per short ton__
85
78
54
71
39
14
12
19
45
85
82
68, 621
65, 776
13, 604
62, 064
59, 990
11,903
1,422
24, 142
6, 680
1,029
14, 814
2,074
1,806
47, 165
45, 755
9,946
1,018
19, 706
4,170
916
9,999
1,410
282
45, 804
44, 359
10, 060
1,001
18, 508
4,094
907
9,789
1,445
1,101
45,111
43, 721
9,893
1,063
17, 794
3,849
912
10, 210
1,390
1,415
37, 119
36, 038
7,087
877
15, 066
3,010
748
9,250
1,081
557
24, 583
24, 118
3,449
528
11,055
2,093
453
6,540
465
197
28, 054
26, 893
4,848
553
11, 167
2,755
500
7,070
1,161
776
37, 590
36, 047
7,491
668
13, 820
2,902
695
10, 471
1,543
2,108
44, 795
42, 840
9,572
771
16, 774
3,113
841
11, 769
1,955
3,072
51 376
49, 198
11, 280
902
19, 505
3,802
951
12, 758
2,178
2,657
1,454
25, 458
8,196
1,152
15,912
2,845
2,267
15.54
15.69
15.89
16.10
16.32
16.47
16.51
16.67
8.515
8.964
8.580
9.060
i 8. 640
1
9. 358
8.667
9.463
8.711
9.574
8.767
9.732
8.795
9.766
8.861
9.855
M6
5. 155
304
29
4,952
267
8
1,727
293
34
3,471
280
80
5,538
264
104
5, 358
291
26
3,956
259
2,027
1,054
973
250
38
1,926
973
952
236
43
2,120
1,227
893
217
59
2,017
1,200
817
160
30
1,714
991
723
140
36
1,281
807
474
149
29
13. 250
13. 250
13. 250
13. 250
13. 250
1,847
148, 192
85
162, 485
1,984
148, 206
86
162, 812
1,826
154, 908
86
166, 568
1,980
156, 285
84
158, 782
260, 585
60, 760
183, 849
15, 976
251, 689
58, 244
177, 571
15, 874
250, 809
58, 653
175,984
16, 172
256, 010
59, 835
180, 086
16, 089
r
r
r
T
88
78
51 979
49, 751
10, 395
r
944
20, 581
3,238
891
13, 702
2,228
2,715
58 964
56, 620
12 353
1,089
22 925
' 3,746
928
15, 579
2,344
16.63
16.16
16.09
16.12
16.31
8. 756
9.456
8.729
9.403
8.707
9.394
8.689
9.380
8.698
9.464
248
4,979
254
424
5,663
246
449
5,868
296
568
5, 657
304
r
505
5,855
318
646
5, 755
655
448
207
155
24
550
448
102
112
22
700
581
119
117
29
718
611
108
133
32
724
612
111
129
22
816
642
174
125
39
825
599
226
13. 250
13. 250
13. 850
14. 250
14. 250
14. 250
14. 250
14. 250
1,877
155, 754
88
169, 723
1,806
152, 590
86
169, 987
1,671
139, 073
84
148, 837
2,009
151, 213
85
165, 418
1,826
149, 052
82
155, 797
1,994
159, 441
90
171, 599
2,349
161, 332
88
169, 663
2, 135
170,017
91
182 330
253, 356
60, 405
177, 049
15, 902
246, 610
61,195
169, 217
16, 198
243, 750
59, 965
167, 916
15, 869
241, 230
60, 647
164, 663
15, 920
244, 605
62, 647
165, 373
16, 585
239, 877
62, 944
160, 751
16, 182
242, 287
62, 639
162, 506
16, 142
240. 270
62. 845
160, 254
17, 171
1
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
number
Production
thous. of bbl
Refinery operations
percent of capacity
Consumption (runs to stills)
thous. of bbl
Stocks, end of month: cf
Gasoline-bearing in U. S., total __
do
At refineries __.
do _ _
At tank farms and in pipelines
do
On leases
do__ _
__ _
2,722
2,619
3,010
3,403
2,916
2,130
2,196
2,153
2,968
2,946
3, 226
Exports
do_ _
3, 250
14, 998
13, 699
13, 878
16, 434
11, 891
11, 964
14, 924
13, 731
14, 208
11, 647
13, 787
13, 118
Imports
do
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
Price (Oklahoma-Kansas) at wellsf-dol. perbbl__
2. 570
2.570
Refined petroleum products:
Fuel oil:
Production:
27, 972
30, 047
31, 024
28, 871
32, 000
32, 489
28, 729
30, 920
31,112
29, 070
29, 301
Distillate fuel oil
thous. of bbl
32 253
33, 299
35, 411
37, 283
33, 414
35, 361
37, 491
32, 818
32, 954
31, 426
32, 058
Residual fuel oil
do
35, 768
35, 338
Domestic demand:
r
30, 772
22, 478
23, 141
44, 759
43, 406
39, 484
22, 858
42, 604
28, 806
25, 123
19, 705
Distillate fuel oil
do
22, 985
39, 639
41, 130
45, 535
51, 362
51, 334
47, 281
38, 281
52, 085
42, 906
41, 955
39, 055
Residual fuel oil
___
do
40, 743
Consumption by type- of consumer:
r
7,316
7,804
7,462
5,810
6,656
7,938
5,673
5, 440
5,319
5,275
7,868
Electric-power plants
do
5, 324
6,043
4,184
4,333
4,377
4,755
4,035
3,791
3,833
4,075
4,033
3,543
4,117
4,029
Railways (class I)
do
4,384
4,199
4,292
4,841
4,780
4,257
4,160
4,700
Vessels (bunker oil)
do
5,088
5,048
5,030
4,476
5,413
Stocks, end of month:
2 63, 932
76, 037
83, 213
88, 212
75, 207
2 52, 206
90, 643
2 37, 777
2 42, 739
2 37, 530
2 53, 679
2 62, 555
Distillate fuel oil
do
67, 117
65, 112
60, 193
66, 843
68, 673
55, 808
47, 828
39, 482
39, 979
40, 124
Residual fuel oil
_do___
41, 860
42, 165
Exports:
666
627
430
649 '
1,036
714
769
750
863
626
1,001
Distillate fuel oil
do
925
852
514
644
817
751
843
599
1,193
958
861
Residual fuel oil
do
1,398
935
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)f
.082
.084
.082
.076
.080
dol. per gal__
.085
.078
.078
.077
.078
.081
.082
.081
.712
.800
.950
Residual (Oklahoma, No. 6 fuel)*
do
.800
.840
1.190
1.388
1.438
1.488
1.590
1.625
1. 620
1.650
Kerosene:
8,093
9,273
Production
thous. of bbl
7,175
9,339
10, 755
11, 140
9,469
8,848
9,790
8,477
10, 100
9,091
6,799
11, 454
14, 978
13, 906
11,413
6,315
8,269
12, 939
5,700
6, 995
Domestic demand
do
8,371
4,570
25, 267
20, 888
Stocks, end of month
___ _ . _ . do
25, 490
26, 650
27, 609
18, 260
16, 126
17, 304
13, 001
13, 383
21, 117
23, 151
97
111
93
43
118
68
89
26
Exports
do
213
39
71
43
Price, wholesale, bulk lots (New York Har.084
.086
.088
.093
.092
.088
.090
.090
.089
.089
.090
.092
bor)!
dol. per gal
093
Lubricants:
4 151
3 729
3 984
4 100
3 932
4 002
Production
thous of bbl
3 510
4 116
3 587
3 645
4 086
4 039
3,111
2,982
Domestic demand .
do
3,026
2,927
2,647
2,846
3,271
2,544
2,368
3,346
»• 3, 588
3,339
8,734
8,962
8,894
9,109
9,219
9,341
Stocks, refinery, end of month _
do
9,323
7, 736
8,989
8,787
8,280
7,427
754
886
976
1,291
Exports
do
1,115
940
1,150
910
1,110
1 250
1,160
1,075
Price, wholesale, bright stock (midcontinent,
.170
.170
.170
.170
.170
.172
.170
.170
.181
f. o. b. Tulsa)t
dol. cereal. _
.170
.170
.199
.220
r
Revised.
1
Comparability of data is slightly affected in October 1949 and April 1950 by substitutions in reporting companies. Prices on new basis for September 1949 are $8.618 (mine run) and $9.300
(prepared sizes); for March 1950, $8.916 (mine run).
2 New basis. Beginning January 1950, coverage was increased to include one East Coast terminal not previously reporting; comparable December 1949 figure, 75,435,000 barrels,
cf Includes stocks of heavy crude in California.
fRevised series. Beginning in the July 1950 SURVEY, the following price series have been substituted for those previously shown: Crude petroleum, 36°-36.9° gravity (former series, 33°33.9°); distillate fuel oil. New York Harbor, No. 2 fuel, bulk lots, f. o. b. refineries or terminals, excl. all fees and taxes (former series, Pennsylvania, 36°-40° gravity); lubricating oil, bright stock,
conventional, 150-160 viscosity D, 0-10 pour point, midcontinent, excl. all fees and taxes (former series, cylinder, Pennsylvania). Beginning in the April 1950 SURVEY, prices for kerosene (N. Y.
Harbor, No. 1 fuel, f. o. b. refineries or terminals, excl. all fees and taxes) replace those for water white, Pennsylvania. Kerosene prices beginning 1935 are shown on p. 24 of the August 1950
SURVEY; data beginning 1935 for all other series will be available later.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Prices are for bulk lots, excluding all fees and taxes (Oklahoma, group 3).
SURVEY OF CUEEENT BUSINESS
S-36
October 1950
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Kefined petroleum products — Continued
Motor fuel:
All types:
82, 232
Production total
thous of bbl
Gasoline and naphtha from crude petroleum
thous. of bbl
73, 069
13, 054
Natural gasolineand allied products._do
Sales of 1. p. g. for fuel, etc., and transfers
3,891
of cycle products
thous of bbl
7,319
Used at refineries _
do_
84, 632
Domestic demand
do
Stocks, gasoline, end of month:
97, 724
Finished gasoline, total
do
55, 281
At refineries _
__do
7,155
Unfinished gasoline
do
7,391
Natural gasoline and allied products _ - do
3,277
Exports
__do
Price, gasoline:
Wholesale, refinery (Oklahoma), group 3
dol. per gal__
.100
.141
Wholesale, tank wagon (N. Y.)t
do
.204
Retail, service stations, 50 cities
do
Aviation gasoline:
Production, total
thous. of bbl
4,036
2,954
100-octane and above.. _ _
do
6,179
Stocks, total
do
2.782
100-octane and above... _
do
Asphalt:
Production
_ _ _ _ short tons _ 1, 018, 700
1, 044, 700
Stocks, refinery, end of month
do
Wax:
66, 640
Production
thous. of Ib
139, 720
Stocks, refinery, end of month _ _ _ _. ._do
Asphalt products, shipments:
5,512
Asphalt roofing total
thous. of squares
Roll roofing and cap sheet:
1,282
Smooth-surfaced
do
1,326
Mineral-surfaced
do
2,904
Shingles, all types _
do _ _
229
Asphalt sidings
do
50, 801
Saturated felts
short tons
80, 310
83, 185
79, 733
83, 515
82, 075
73, 549
80, 786
77, 606
84, 801
85 181
91 017
71, 046
13, 270
73, 626
13, 965
70, 369
14, 265
74, 286
14, 711
72, 556
15, 116
64, 685
13, 608
71, 350
14, 586
68, 254
14, 016
74, 958
14, 246
75. 128
14, 254
80 365
15, 002
4,006
7,470
80, 760
4,406
8,301
79, 253
4,901
7,449
76, 270
5,482
7,325
75, 553
5.597
7,279
66, 908
4,744
6,773
63, 366
5, 150
7,352
78, 739
4,664
6,984
80, 348
4,403
7,113
89, 033
4 201
7,321
90, 170
4 350
7,506
91, 824
94, 445
53, 727
7, 354
7,607
2,271
96, 194
55, 117
7,093
6,923
2,476
97, 173
54, 200
7,534
7,141
1,809
103. 586
62. 116
7,857
6,831
1,611
116, 624
73. 880
8,674
7,363
1,201
124, 177
81, 457
8,619
8,098
1,575
124, 924
83, 399
8,842
7,708
1,229
119, 584
76, 591
8,473
7,950
1,921
112,915
68, 403
8,120
8,163
1,852
106. 026
61, 771
8,048
8,151
1,431
102. 769
58, 891
8,286
8.730
1,452
.100
.141
.203
.100
.141
.203
.098
.140
.201
.098
.137
.201
.097
.137
.200
.096
.137
.199
.095
.137
.197
.095
.138
.200
.098
.142
.201
.101
.142
.202
.102
.145
.205
3,718
2,805
6,171
2,817
3,955
2,844
6.606
3,117
3,848
2.529
6,822
2,902
4,086
2,957
7,444
3.338
3,044
1,806
7,940
3,341
2,670
1,834
8,026
3,316
3,348
2, 335
7,758
3,075
3.137
2,728
7,446
3,252
3,781
2,944
7,138
3,288
3,954
2.859
6, 593
3,023
4.264
3,320
6, 656
3,226
952, 200
830, 000
902, 500
798, 400
684,700
790, 400
535, 100
458, 700
530, 200
602, 700
669, 800
929, 300 1, 043, 800 1, 173, 300
894, 200 1, 027, 800 1, 140, 000 1, 238, 700 1, 326, 500 1, 298, 900 1, 155, 300 1, 051, 500
72, 800
125, 160
99, 680
130, 200
71, 960
126, 000
92, 400
132, 440
87, 920
133, 840
101, 360
144, 760
79, 800
137, 760
102, 200
140, 000
104, 720
151, 760
98, 840
158, 480
96, 320
161, 560
5,964
6,158
5,206
3,064
3,538
3,255
3,816
4,447
5,820
6 146
5 866
6 934
1,434
1,455
3,075
276
51, 281
1,545
1,531
3,081
293
56, 550
1,284
1,270
2,652
261
55, 413
767
736
1,562
175
39, 259
936
834
1,768
189
41, 485
821
779
1,655
169
35, 168
883
860
2,072
158
43, 746
979
962
2,506
121
45, 880
1,108
1,188
3,524
142
58, 543
1,181
1,242
3,723
137
61, 591
1,127
1,212
3,527
133
59 299
1 351
1 471
4 113
172
63 200
r
r
r
2,318
'2 093
3 716
.103
.147
203
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts _
thous. of cords (128 cu. ft.)__
Consumption
- -do
Stocks end of month
do
Waste paper:
Receipts
short tons__
Consumption
- -do
Stocks, end of month
_
do
1,778
1,670
5,015
1,683
1,684
4,995
1,841
1,869
4,964
1,772
1,841
4,875
1,718
1,726
4,879
1,753
1,884
4,753
1,662
1,768
4,675
1,735
1,936
4,473
1,387
1,860
3,999
1,523
1,977
3,542
1,836
1,983
3,392
552, 539
586, 250
367, 874
588, 734
591, 334
367, 980
655, 365
639, 735
379, 549
615, 578
625, 182
368, 121
606, 410
573, 516
397, 307
588, 946
589, 046
394, 077
557, 634
572, 188
372, 234
632, 344
651, 142
355, 615
604, 058
598, 526
363,374
638, 275
640, 671
357 892
639, 504
639, 505
354, 200
1,030
112, 819
400, 941
149, 496
54, 219
38, 844
155,658
52, 441
1,146
128, 507
445, 225
165, 553
63, 043
42, 506
167, 395
76, 925
1,136
128, 443
436, 025
169, 313
59, 601
43, 341
165, 969
76, 907
1,077
117, 099
404, 018
162, 468
56, 889
42, 232
168, 344
73, 261
1,181
139, 514
465, 558
173, 759
59, 534
45, 120
165, 152
74, 566
1,089
131, 186
422, 223
160, 266
57, 025
42, 179
154, 439
71, 989
1,199
146, 640
453, 072
183, 146
64, 601
46, 096
174, 005
76, 188
1,162
139, 388
450, 022
172, 614
57, 232
44, 575
174, 672
76, 694
1,246
145, 529
489, 143
180, 213
59, 257
48, 300
187, 516
72, 943
1 219
146, 624
468, 571
172 920
57 643
47, 249
188 297
79, 535
121,395
15, 442
9,650
33, 351
17, 917
3,883
30, 863
114, 948
12, 047
8,445
33, 351
19, 808
3,364
27, 492
114, 018
12, 896
8,355
32, 412
19, 436
2,992
27, 634
98, 480
9,240
7,331
25, 621
15, 104
2,099
29, 490
109, 010
9,709
8,770
29, 644
15, 259
1,771
33, 984
108, 503
10, 470
8,206
26, 937
17, 203
1,456
34, 044
107, 733
9,926
8,463
25, 808
18, 615
1,414
33, 885
116, 491
12, 834
8,587
28, 125
17, 740
1,735
37, 697
112, 366
11, 824
7,367
26, 042
18, 555
1,483
37, 509
106 942
12, 220
7,784
25, 667
13, 552
1 590
36, 325
6,068
135, 228
37, 409
13, 549
35, 311
30, 598
2, 351
15, 548
4,989
117, 822
28, 009
7,848
35, 491
25, 377
2,357
18, 193
4,510
175, 283
41, 855
18, 678
46, 125
42, 436
2,774
21, 346
3,937
244, 540
40, 845
54, 014
66, 710
56, 624
2,763
22, 888
5,628
211,534
32, 464
40, 142
58, 106
52 834
2,805
24, 572
4,344
237, 094
31, 744
64, 496
50, 423
63, 260
2,566
23, 995
5,629
183, 553
39, 666
28, 325
51, 531
40, 148
2,683
20, 396
5,528
201, 366
42 620
33, 829
58, 575
38 904
2,983
23,943
5 926
150, 290
30 837
22, 365
48, 353
28 030
2,333
18, 071
7 331
204, 391
48 556
30, 980
56, 115
41 189
2,833
24, 002
7 891
224 302
40 444
48 899
59 980
43 849
2 851
25, 974
' 1,752
870
r
817
'65
1,793
881
828
85
1,953
960
896
98
1,920
943
884
92
1,807
899
823
85
1,881
936
859
86
1,796
898
810
87
2,032
1,029
901
101
1,900
959
848
94
2,047
1,021
921
106
2,029
1,033
890
106
WOOD PULP
Production:
r
1, 021
Total all grades
thous of short tons
119, 599
Bleached sulphate
short tons
408, 055
Unbleached sulphate
-- do
' 150, 137
Bleached sulphite
do
' 57, 306
Unbleached sulphite
do
40, 654
Soda
. - d o _.
«• 157, 247
Groundwood
do
35, 463
Defibrated, exploded, e t c
_ _ _ _ _ _ _do
Stocks, own pulp at pulp mills, end of month:
«• 139, 578
Total all grades
short tons
18, 237
Bleached sulphate
-do
9,634
Unbleached sulphate
__ __ do
38, 045
Bleached sulphite
do
«• 21, 278
Unbleached sulphite
_ _ _
do
4,668
Soda
do
36, 024
Groundwood
do
Exports, all grades, total
Imports, all grades, total
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
- Groundwood
-
do
_. do __
do
do
do
do
-do
do_ _
r
T
r
r
r
1, 967
1, 864
3 491
568, 893
560 469
362, 209
709, 853
729 780
348 893
1 164
144 132
453 963
160 826
53 735
41, 723
174 729
76, 945
1 315
148 996
512 519
187 933
63 566
47 382
200 598
81, 804
103 364
13, 526
r
8 782
21 701
13, 313
1 314
35, 614
105 435
13 696
9 512
24 506
12 282
1 830
33 580
6 754
177, 749
29 479
34, 330
47, 022
43 018
2,707
20, 149
PAPER AND PAPER PRODUCTS
All paper and paper board mills:
Paper and paperboard production, total
thous. of short tons__
Paper (incl. building paper)
do
Paperboard
do
Buildine board
do
' 1, 813
'939
r
784
r
90
2,174
1,058
999
117
r
Revised.
fReyised series. Prices have been revised to exclude Federal and State taxes. Comparable figures for January-July 1949 are as follows (dol. per gal.): .136; .136; .136; .141; .141; .141; .141.
Data prior to 1949 will be shown later.
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 'Statistical Supplement to the Survey
S-37
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association):!
Orders, new
short tons
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Fine paper:
Orders, new
do
Orders, unfilled, end of month. _ __
do _ _
Production
do
Shipments
do
Stocks, end of month __ _
-do _ _
Printing paper:
Orders, n e w _ . _ _ _ _ . _ _
_ _ do
Orders, unfilled, end of month
do
Production _ _ _ _
__
_
do_.
Shipments
_
do
Stocks, end of month
do
Price, wholesale, book paper, "B" grade, English finish, white, f. o. b. milL.dol. per 100 lb__
Coarse paper:
Orders, new
short tons
Orders, unfilled, end of month
do
Production _
do
Shipments
_do-_
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland) :cf
Production
___ _ _ do _ _
Shipments from mills
do
Stocks, at mills, end of month_do
United States:
Consumption by publishers
do
Production
do
Shipments from mills.. _ _
_do
Stocks, end of month:
At mills
do
At publishers
_ _
do
In transit to publishers
_do
Imports
do
Price, rolls (New York)
dol. per short ton._
Paperboard (National Paperboard Association) :
Orders, new
short tons
Orders, unfilled, end of month.. _ __ __do
Production, total
do
Percent of activity..Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surface area
Folding paper boxes, value:
New orders
1936 = 100
Shipments
_ _
___do
719, 898
407, 215
684 243
679, 984
330, 664
764, 640
463, 553
699 796
706,642
324, 990
803, 535
497, 820
765, 612
768, 592
321, 449
754, 993
496, 770
762, 099
755, 367
328, 285
87, 529
41,355
87, 847
87, 887
85, 969
87, 252
40, 500
86, 983
87, 870
85, 805
100, 173
45, 270
93, 235
96, 342
82, 864
261, 590
190, 945
248,153
243, 043
98, 000
268, 975
206, 538
251, 456
251, 878
98, 000
274,
215,
266,
263,
100,
594
785
393
717
500
665
860
789
566
508
785, 948
509, 545
775 846
763, 256
341, 090
747, 742
519, 060
736, 448
738, 634
340, 315
858, 342
532, 895
840, 837
844, 503
336, 644
779, 468
540, 465
774, 868
772, 558
338, 950
810, 402
538, 304
814, 697
812, 556
341, 091
846, 700
563, 525
817 454
821,469
337, 070
957, 000
775, 090
748, 000
745, 000
340, 005
91, 985
43, 270
93, 248
92, 987
83, 125
86, 355
39, 300
91, 908
90, 322
84, 710
96, 268
41, 525
93, 734
94, 033
84, 411
100, 628
50, 200
92, 899
92, 368
86, 350
113,260
56, 890
104, 613
106, 569
' 84,395
95, 020
55, 640
95, 161
96, 270
83, 285
108, 185
56, 225
105, 620
107, 599
81, 305
110, 030
59, 800
103, 057
106, 455
77, 905
137, 000
105, 800
90, 000
91, 000
76, 900
260, 080
218, 400
265, 313
257, 785
108, 140
252, 560
209, 880
263, 049
261, 078
110, 115
281, 470
232, 255
264, 983
259, 094
116, 004
249, 075
234, 200
244, 781
247, 125
113,660
290, 232
238, 735
288, 123
285, 697
116, 085
259, 798
241, 750
260, 469
257, 445
119, 110
274, 241
238, 419
275. 228
277, 572
116, 766
293,215
258, 020
273, 049
273, 605
116, 210
318, 000
333. 000
243, 000
243, 000
116, 200
729,
486,
739
739,
328,
11.65
11.30
11.30
11.30
11.30
11.30
11.30
11.30
11.30
11.30
11.30
248, 105
108, 500
225, 676
226, 795
92, 980
280, 775
146, 500
236, 977
242, 747
87, 210
288, 365
166, 300
267, 024
268, 577
85, 650
269, 096
165 040
268, 903
270. 358
84, 195
260, 710
166, 595
254, 841
259, 153
79, 883
267, 149
163 950
275, 762
269, 794
85, 850
262, 560
161, 845
264, 135
264, 665
85, 320
304, 000
161 610
300, 675
304. 231
81, 764
276, 000
166 560
271, 129
271, 048
81, 845
286, 588
167 945
291, 592
285, 200
88, 235
295, 880
167, 350
296, 598
296, 475
88, 355
334, 000
222, 300
281, 000
279, 000
90, 355
446, 834
435, 007
185, 048
415, 179
437, 658
162, 569
435, 651
433, 039
165, 181
436, 766
460, 977
140, 970
414, 872
434, 652
121, 190
417,011
403, 013
135, 188
399, 247
376, 834
157, 601
451,635
426, 960
182, 276
422, 774
425, 660
179, 390
459, 937
479, 560
159, 767
440, 967
440, 777
159, 957
439, 255
463, 339
135, 873
466, 443
417, 589
184, 727
318, 046
78, 944
76, 941
356, 528
70, 600
69, 614
399, 262
73, 350
75, 013
378, 626
72 130
72, 417
372, 497
69 854
72, 255
345, 093
74 275
76, 080
350, 906
69, 099
70, 756
396, 923
80 571
79, 027
403, 801
82 564
85, 340
401,922
89, 719
86, 257
376, 482
88, 420
89, 928
336, 759
84, 280
83, 586
346, 795
90 882
90, 955
14, 179
446, 964
86, 044
404, 129
100. 00
15 165
444, 335
85, 333
356 129
100. 00
13 502
412, 805
75, 708
399 910
100. 00
13 215
378, 578
87, 677
386 639
100. 00
10 814
371 131
74, 732
418 496
100. 00
9 009
355 599
86, 039
376 819
100. 00
• 7 352
328, 881
88, 593
347 950
100. 00
8 896
318 036
86. 765
382 399
100. 00
6 120
284 010
91, 075
369 560
100. 00
9 582
288, 684
94, 187
487 435
100. 00
8 074
303, 524
78, 935
441 239
100. 00
8,768
339, 424
93, 140
415, 424
100. 00
8 695
376 900
81, 095
890, 200
365, 600
821, 600
86
873, 000
360, 900
833, 800
87
945, 000
400, 600
888, 500
94
887, 000
429, 800
882, 800
93
801, 200
359, 300
827 400
83
860, 300
337, 800
858 800
88
802, 800
314, 600
817, 000
92
952, 600
371,800
908 600
91
847, 100
343, 700
858, 300
92
964, 000
395, 500
934, 600
91
945, 400
394, 100
907, 600
94
983, 300 1, 204, 500
524, 400
729, 100
816, 900 1, 017, 300
82
100
11.30
11.65
100. 00
5,735
5,688
6,244
5,753
5,230
5,260
5,147
6,112
5,685
6,081
6,073
5,840
7,401
450.7
449.5
516.6
470.8
478. 5
507.5
452.2
492.8
412.9
449.3
441.7
449.0
435.2
432.7
529.5
521.6
443.0
456.1
502.6
495.5
536.0
526.3
580.3
422.8
873.5
597.8
704
554
150
763
597
166
1,129
944
185
1,019
758
261
1,498
1 114
384
673
524
149
829
619
210
846
671
175
1,107
872
235
892
695
197
774
566
208
850
650
200
766
618
148
60, 859
101, 691
61, 481
57, 914
106, 124
76, 828
63, 813
100, 776
60, 187
63, 333
99, 457
77, 876
rr 61, 402
93, 653
62, 004
63, 852
87, 135
PRINTING
Book publication, total
New books
New editions
__
number of editions
do
do
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons _
Stocks, end of month
do
Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb_.
Chemical (synthetic):
Production __
long tons
Consumption
do
Stocks, end of month
_do
Exports
_
do
Reclaimed rubber:
Production
._ __ __do
Consumption
do
Stocks, end of month
do
45, 307
99, 850
49, 579
43, 978
100, 618
45, 620
51, 243
90, 733
47, 285
52, 093
99, 208
67, 152
52, 919
106, 619
67, 934
59, 992
108, 769
58, 261
56, 580
104, 477
53, 905
.167
.176
.163
.167
.177
.184
.195
.197
.238
.286
.309
.384
.521
33, 885
34, 419
111,333
384
30, 878
32, 443
110, 848
425
28, 015
33, 687
103, 955
425
28, 619
31, 684
101, 430
478
27, 234
31, 771
98, 042
674
27, 808
33, 966
92, 284
580
29, 336
31, 860
88, 381
596
33, 003
37, 647
86, 824
635
34, 821
38, 075
83, 440
777
37, 320
46, 398
74, 524
646
38, 569
48, 608
65, 346
634
43, 820
43, 687
r 67, 085
724
44, 671
49, 569
62, 083
17, 813
19, 297
27, 526
18, 304
18, 517
26, 257
20, 683
19, 638
26, 619
19, 382
18, 512
27, 801
19, 723
18, 210
28, 263
19, 447
20, 106
27,319
20, 424
19, 741
27, 256
23, 037
22, 151
27, 602
22, 683
21,318
28, 352
24, 876
24, 158
27,837
25, 869
25, 253
28, 470
r
r
r
27, 548
25, 807
31, 292
6,228
7,769
3,192
4,463
114
9,970
134
5,623
6,756
3,079
3,564
113
8,930
123
6,489
6,782
2,937
3,689
156
8,698
151
6,037
5,262
1,746
3,417
99
9,542
109
6,272
5,229
2,158
2,940
131
10, 638
120
6,827
5,913
3,094
2,703
116
11,366
124
6,691
6,216
3,247
2,870
100
11, 797
92
7,314
6,794
2,830
3,858
106
12, 355
96
7,583
7,526
2,975
4,438
112
12, 341
89
8,629
8,521
3,119
5,296
106
12, 367
94
8,469
10, 194
4,056
6,024
114
10, 749
94
8,264
12, 040
3,884
8,049
107
7, 005
73
5,165
6,600
9,858
72
4,891
5,852
8,875
81
5,261
5,489
8,609
105
5,141
4,163
9,645
53
5,325
4,179
10, 657
60
5,629
5,312
10, 926
49
5, 803
5,610
11,059
50
6,223
5,733
11, 432
51
6,285
6,094
11,710
57
7,089
6,688
12, 110
48
7,537
8,459
11, 248
55
6,916
9,629
8,422
33
T
24, 374
22, 377
30, 371
TIRES AND TUBES
Pneumatic casings:
Production
_
Shipments, total
Original equipment
Replacement equipment
Export
Stocks, end of month
Exports
Inner tubes:
Production
_
Shipments
Stocks, end of month
Exports
thousands
do
do
_ . do
do
do
do
.
_..
_
- _do
do
do
do
r
Revised.
cf Revised to include figures for Newfoundland; data for 1937-48 are shown on pp. 22 and 23 of the May 1950 SURVEY. Further revisions for stocks at mills, end of December,
are shown at bottom of p. S-37 of the June 1950 SURVEY.
fRevised data for 1948 are shown on p. 23 of the May 1950 SURVEY.
SUKVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
154, 385
165, 746
165, 781
151, 278
258, 575
20, 709
21 884
23, 167
' 12,848
' 6, 278
25, 144
9,588
4, 815
August
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments, reams. _
132, 950
144, 716
148, 461
126, 936
18,715
87
23, 633
14, 381
5, 798
19,181
92
22, 763
10, 797
4,461
19, 070
88
21, 278
8,569
3,610
18, 040
86
17, ^9
9,341
r
3, 387
517 668
516 764
502 587
509 090
522, 377
535, 362
501, 700
508, 100
124,653
145, 157
144, 609
157, 524
PORTLAND CEMENT
Production
_
Percent of cauacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. ofbbl
thous o f b b l
do
_ do
' 16. 967 ' 15, 202 ' 13,115
70
78
67
T
' 14, 301 ' 18, 134
9. 632
r
14, 706
* 20, 275
' 4, 587 ' 6, 141
r 9, 824
r 23, 583
r 7, 454
' 19, 941 * 20, 001
85
66
90
93
14,669 * 18, 424
22, 834
24 749
' 23, 216 ' 22, 936 ' 22, 050 15.298
r
' 8, 821 r 8, 626
8, 142
7. 305
464 372
407,417
345, 731
322, 320
397 9Q5
433, 81 6
' 11.628
r
94
99
CLAY PRODUCTS
Brick, unglazed:
Production
thous of standard brick
Shipments
do
Price, wholesale, common, composite, f.o.b. plant
dol. per thous__
Clay sewer pipe, vitrified:
Production _ __
_ _ short tons
ShiDinent^
__
do
Structural tile, unglazed:
Production
do
Shipments. _ _
do
377 675
345, 485
448, 51 3
512, 242
550 420
592 472
573 586
626 933
560 839
583 436
24. 045
24. 043
24. 010
24. 075
24. 053
24. 035
24. 103
24. 152
24. 225
24. 475
24, 721
' 25. 032
126, 918
132, 116
123, 780
129 502
12"^ 773
136, 255
126,879
120,462
119,931
92, 961
108. 580
92, 740
105, 032
85, 668
121,935
113, 060
87, 639
102, 099
126, 921
145, 275
143, 053
156, 376
135, 856
150, 109
123, 856
120,323
112 070
117,448
113,588
109, 360
109, 699
103, 402
102, 875
85, 597
97,456
79,119
91,124
83, 238
100, 988
104, 774
98, 995
111,465
117,313
126, 632
119,300
126, 601
118, 089
124, 465
8,662
8,933
7,550
7,981
8,283
7, 737
7,375
6,963
6,963
6,321
7, 952
7,379
7,290
6,748
8,204
8,129
8,420
7,649
9,377
9,371
' 9, 125
9.045
8,870
9,141
25. 199
GLASS PRODUCTS
Glass containers:
Production
_
thous. of gross. _
Shipments, domestic, total
do
General-use food :
Narrow -nock food
do
Wide-mouth food (incl. packers' tumblers)
thous. of gross. .
Beverage (returnable and nonreturnable)
thous. of gross. .
Beer bottles
_ _ _ _ _ _
do
Liquor and wine
do
Medicinal and toilet
do
Chemical, household and industrial- _ .do. .
Dairy products
do
Fruit jars and jellv glasses
__do_ _
Stocks, end of month
do
Other glassware, machine-made:
Tumblers:
Production
-thous. of dozens .
Shipments
do
Stocks
.
do__ .
Table, kitchen, and householdware, shipments
thous. of dozens. _
9,133
11, 132
632
521
640
680
775
876
1,274
819
844
1,173
1, 871
1 1, 694
i 2, 291
1 1, 968
2,111
1,871
2,217
2,375
i 2, 476
3,204
164
298
1, 359
2,024
652
308
US
8,602
176
304
1,227
1, 887
611
255
C1)
8,735
228
333
231
325
290
263
479
451
1, 140
2,062
592
475
841
632
1,064
715
1,849
845
700
1,095
1,909
492
669
1,548
2, 501
9, 382
i 333
8, 931
4,770
4,734
7,618
5,521
5,436
7,676
3,349
3,801
1,108
1,164
760
2,528
1,965
i 2, 157
486
443
942
1,992
728
346
359
8,906
206
317
1 121
1,975
687
341
205
8,318
4,907
5,157
7,715
3,323
1
975
1,823
444
304
0)
826
2,127
785
1,809
9,145
669
256
U4
9,352
667
253
133
9,595
4,940
4,961
7,615
4,853
3,756
8,584
6,125
4,981
9,825
3,647
2,617
2,644
964
1, 856
633
228
154
993
908
2,158
724
280
312
649
290
771
277
64
9,454
10, 006
9,714
5,578
5,552
9,820
6,061
6, 251
9,642
6,515
6,168
9,938
6,591
6,223
10. 237
5,635
5, 699
8,719
5,209
5,264
8,667
6,548
7,222
8,091
3,179
3,900
3,266
3, 394
3,117
2, 530
3,671
730
272
253
r
819
385
342
6,743
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous. of short tons
Production
___ _ _
do
Calcined, production, quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
A.11 other building plasters
do
Lath
thous. of sq. ft
Tile
do
Wallboardcf
do
Industrial plasters
short tons
991
1,615
1,418
734
1,821
1,552
414
1,642
1,574
702
1, 923
1,768
472, 804
500, 302
424, 291
546, 147
514, 531
12, 659
118, 814
538, 427
7, 341
610, 334
464, 022
10, 902
122, 092
568, 165
8,134
719, 627
459, 766
13, 066
112, 638
610, 422
8,807
723, 786
584, 766
13, 642
136, 521
659, 876
10 765
725, 128
49, 644
57, Oil
55, 154
87, 088
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs. _
Shipments
do
Stocks, end of month
_
do
12, 381
12, 844
25, 566
13, 028
13, 950
24, 644
13, 607
14, 580
23, 671
13, 987
14, 504
23, 153
12, 731
11, 593
24, 138
12, 868
12, 408
24, 606
13, 042
12, 950
24, 714
14, 072
14, 126
24, 578
12, 231
11,480
25, 364
12, 530
11, 125
26, 794
12, 573
11, 926
28, 613
10, 090
11, 121
27, 582
15, 592
16, 449
26, 725
COTTON
Cotton (exclusive of linters) :
Production:
r
3
' 2 15, 909
9, 540
13, 976 ' 14, 776 ' 15, 636
' 1 248 r 5, 306
283
GinningsS
thous of running bales
2 770
Crop estimate, equivalent 500-lb. bales
2 16, 127
thous. of bales
* 9, 869
734, 013
734, 186
739, 438
725, 602
898, 228
711, 511
728, 827
841, 227
771, 833
610, 555
Consumption!
bales ' 663, 008 709, 958
807, 840
Stocks in the United States, end of month,
17, 348
16, 657 ' 15, 283 ' 14, 035 ' 12. 713 ' 11, 428 ' 10, 262 ' 8, 996 ' 7, 417
6, 505
' 20, 074 18, 472
14, 777
total t
thous. of bales
17, 273
16. 592 ' 15, 218 ' 13,969 ' 12, 634 ' 11,319 ' 10, 144 ' 8, 893 ' 7, 310
6,407
14, 691
' 20, 017 18, 408
Domestic cotton, total
do __
7,852
4,685
' 2, 950 ' 2, 310 ' 1, 658 ' 1, 244 ' 1, 133
'988
350
9,064
' 15, 451 11, 590
'720
On farms and in transit
do
9, 951
9,204
8,344
8,271
7,332
6,354
6,120
10, 664
5,231
4,819
10, 501
4,545
' 3, 934
Public storage and compresses
__do. _ _
1,604
1,679
1,551
698
1,405
1,708
1,771
1.805
1,359
1,082
1,077
1,238
Consuming establishments
do
'632
79
64
65
66
118
75
65
103
108
98
86
108
Foreign cotton, total
do
'57
r
Kevised.
1 Data for wide-mouth
food containers include4 jelly glasses in October, January, February, and July, and both jelly glasses and fruit jars in November and December.
2
3
Total ginnings of 1949 crop.
Ginnings to October 1.
October 1 estimate of 1950 crop,
cf Includes laminated board, reported as component board.
§Total ginnings to end of month indicated.
^Beginning 1950, data for the third month of each quarter cover a 5-week period and for other months, 4 weeks; prior to 1950, calendar months are represented; stock data are for end of
period covered.
SURVEY OF CURRENT BUSINESS
October 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-39
1950
1949
August
September
October
November
December
January
February
March
April
May
June
July
August
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters) — Continued
Exports
bales __
Imports
do
Prices received by farmers
dol.
per
lb__
Prices, wholesale, middling, 1 Ms // , average, 10
markets
_
dol. per Ib
Cotton linters :t
Consumption
thous. of bales _ _
Production
_
do__
Stocks, end of month
do
167, 616
5,324
.293
211,372
55, 889
.297
415, 088
13, 789
.287
433, 596
12, 419
.278
656, 897
12, 896
.265
528, 316
10, 982
.265
654, 948
70, 575
.275
685, 775
62, 076
.281
470, 653
8,456
.287
539, 105
2,513
.292
740, 533
l,49o
.299
264, 982
2,332
.331
.370
.310
.300
.296
.298
.303
.310
.320
.319
.325
.329
.338
.371
.381
' 137
63
385
141
182
411
143
227
468
132
235
531
131
203
568
132
193
576
128
158
580
156
147
561
131
107
580
134
78
546
138
58
610
112
149
68
340
1,896
66 384
1,198
60 383
2,167
52 811
2,310
2,313
55, 918
2.290
36, 503
2,845
34, 970
4,283
2,449
49, 266
7,481
52 690
4 952
48, 731
5,042
2,392
52 318
4 596
35 935
1 905
36. 88
.303
.166
.167
38.17
.303
.170
.169
38.05
.303
.170
.170
37.90
.303
.166
.172
r 37. 52
.303
.160
.174
36.69
.303
.152
.172
33.08
.303
.140
.172
31.71
.303
.142
.172
31.63
.318
.151
.172
35.93
.326
175
.185
43.55
.345
.198
.218
671
r
49
436
COTTON MANUFACTURES
Cotton cloth:
Cotton broad- woven goods over 12 inches in width,
production, quarterly
mil. of linear yards
Exports
thous of sq yd
Imports
do
Prices, wholesale:
Mill margins^
cents per lb__
Denims, 28-inch
dol. per yd__
Print cloth, 38^-inch, 64 x 60
do
Sheeting, unbleached, 36-inch, 56 x 60
do
Cotton yarn, Southern, prices, wholesale, mill:
22/1 carded white, cones
dol per Ib
40/1, twisted, carded, skeins
do
Spindle activity (cotton system spindles) :^
Active spindles, last working day, total. _thous__
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total.mil.of hr__
Average per working day cf _
do __
Consuming 100 percent cotton
do
Operations as percent of capacity
60 051
1 057
' 30. 91 »• 35. 20
.303
.303
.163
.144
.165
.160
r
610
.772
620
.799
.639
.823
.647
.823
.647
.823
.647
.823
.632
.823
.627
.821
620
.799
.602
.778
605
.786
840
• 776
• 925
20, 941
19, 747
8,827
384
8,267
102.5
21, 180
19, 975
9,287
432
8,725
115.2
21, 450
20, 215
9,540
460
8,978
123.3
21, 557
20,314
10, 021
466
9,442
124.8
21. 476
20, 241
9,781
466
9,206
124.7
21,463
20,217
9,663
496
9,091
133.0
21, 663
20, 417
9,765
496
9,181
133.4
21, 596
20. 340
11, 808
472
11, 130
127.3
21, 301
20, 048
9,299
473
8, 764
127.8
21, 458
20, 229
9,467
473
8,935
128.1
21, 474
20, 221
11, 076
452
10, 435
123.0
21, 794
20 525
7,754
408
7 284
110 9
21, 845
20, 540
10, 333
517
9,711
140.2
69.2
19.4
74.8
22.7
74.9
25.2
75.7
24.3
79.7
23.9
78.1
24.1
71.5
22.5
81.0
'25.5
70.2
23.3
76.8
25.5
78.0
24.5
r 79 4
r 25 8
82.8
27.7
41.9
12.8
468
31.1
24.7
18.9
13.3
r 13 I
3.5
2.9
3.3
3.3
4.4
5.5
5.9
2,952
4,317
4,016
4,969
5,171
8,076
7,323
r
4 6
6 653
11.5
4.5
767
12.3
3. 6
6,710
14.4
7.8
257
710
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
732
355
RAYON AND MANUFACTURES AND SILK
Rayon yarn and staple fiber:
Consumption:
Filament varn
mil of Ib
Staple
fiber
do
Stocks, producers', end of month:
Filament yarn
do
Staple
fiber
do _ _
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol per Ib
Staple fiber viscose, \Y^ denier
do
Rayon broad- woven goods, production, quarterly
thous. of linear yards
Silk, raw:
Imports
thous. of Ib
Price, wholesale, Japan, white, 13/15 (N. Y.)
dol. per lb__
WOOL
Consumption (scoured basis) :§
\pparel class
thous. of Ib
Carpet class
do
Imports
do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured. _dol. perlb__
Raw, bright fleece, 56s, greasy
do
Australian, 64s, 70s, good topmaking, scoured, in
bond
dol. per lb__
710
.350
.350
14.3
14.6
544, 104
463, 054
14.2
15.6
4.0
.740
.370
552, 946
590, 690
27
25
164
133
370
539
583
628
669
705
744
1 032
2.60
2.60
2.60
2.65
2.68
2.72
2.71
2.65
2.65
2.68
2.68
3.05
29 413
10, 522
38 046
35 858
13, 267
39 202
33, 517
13, 004
46 456
28, 732
13, 267
46 158
35, 144
17, 355
57, 515
31,352
15, 716
77 891
34, 684
15,724
74, 652
41, 730
19, 765
66, 630
31, 108
16, 652
56, 964
32, 468
16, 204
54, 879
1.525
.545
1.525
.545
1.525
.545
1.525
.545
1.562
.552
1.588
.559
1.625
.570
1.625
.570
1.629
.564
i 1. 675
i 1. 675
i 1. 675
1.375
1.375
1.465
1.575
1.575
84
1 908
34
80
1,859
90
2,224
84
2,207
69
2,122
77
2, 175
86
2,172
28
39
33
28
29
27
124
r 64
125
65
141
68
139
141
71
154
79
91, 492
81, 955
83, 065
91, 130
94, 421
111, 729
87, 587
98, 564
77, 497
95, 935
145
151
176
166
58 074
6,520
40, 426
11, 128
70 647
8,619
48, 003
14, 025
64 311
7,709
43, 058
13, 544
3.375
3.244
2.850
r
3.42
39, 765
f 18, 445
55, 249
28 900
9 608
68 773
1.698
.620
1.760
.678
1.800
.702
2.045
.778
1.600
1.715
1.775
1.775
1.965
83
2,096
86
2.136
87
2,188
86
' 2, 214
70
1,937
27
28
27
166
87
169
83
170
85
159
82
77, 597
93, 207
79, 834
104, 027
77, 269
103, 917
79, 582
100, 746
85, Oil
101,863
172
185
209
207
186
191
187
58 518
6,631
37, 901
13, 986
67, 365
7,357
42, 795
17, 213
56 780
6,628
34, 796
15, 356
60 324
6,664
37, 908
15, 752
74 610
7, 835
46, 495
20, 280
60,516
6,468
36, 832
17, 216
63, 320
6,784
40, 012
16, 524
77, 555
' 8, 725
' 49, 380
r 19, 450
51, 248
5,992
35, 016
10, 240
2.912
2.975
2.975
2.975
2.975
2.975
2.975
2.975
2.975
WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms:
Woolen and worsted:
Broad
do
Narrow
do
Carpet and rug:
Broad
do
Narrow
do
Spinning spindles:
Woolen
do
Worsted
do
"Worsted combs
do
Wool yam:
Production total§
thous of Ib
KnittingS
do
Weaving§
do
Carpet and other§
do
Price, wholesale, worsted yarn (Bradford
weaving system) 2/32s
dol. perlb— .
r
T
69
r
25
26
160
76
101
51
* 85, 662
••102,418
74, 528
85, 723
r
r
167
2.975
Revised.
* Nominal price.
^Beginning 1950, data for the third month of each quarter cover a 5-week period and for other months, 4 weeks; prior to 1950, calendar months are represented; stock data and number
of active spindles are for end of period covered.
^Scattered monthly revisions beginning 1944 (to incorporate new quotations for two constructions previously included at OPA ceiling prices) are available upon request.
<? Substituted series. See note marked "<?" at bottom of p. S--39 of the July 1950 SURVEY.
§Data for September and December 1949, and March and June 1950 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
October 1950
1949
August
September
October
1950
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 total
do
Government orders
do
Other than Government orders, total do
Men''' and boys'
do
Women's and children's
do
Unclassified
do
Blanketing
do
Other* nonapparel
fabrics
do
Prices, wholesale, f. o. b. mill:
Suiting, unfinished worsted, 13 oz__dol. per y d _ _
Women's dress goods, flannel, 8 oz., 54-inch
dol. per yd__
106, 341
89, 860
3,966
85, 894
33, 773
45, 706
6,415
5,765
10, 716
118,318
102, 546
4,123
98, 423
42, 541
49. 621
6, 261
6,082
9,690
108, 149
90, 956
2,508
88, 448
42, 120
40, 737
5, 591
5, 112
12, 081
110, 515
92 858
1,843
91,015
45 751
40, 005
5 ?59
6 557
11, 100
3.069
3.069
3. 069
3.069
3.069
3.069
3.069
2.995
2.970
2.970
3.094
3.156
3.341
2.475
2.475
2.475
2.475
2.475
2. 475
2.475
2.475
2.475
2.475
2.475
2. 524
2.624
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipmentsc?
Exportsf
_ . _ _ number _
do
272
88
284
43
228
70
158
97
116
29
167
39
225
52
326
52
329
56
377
68
369
47
320
94
345
657, 664
444
420
557, 370
544, 630
99, 850
89, 989
626, 180
298
274
534, 493
521, 524
91, 389
82, 487
572, 917
' 322
275
487, 891
476, 461
84, 704
76, 584
455, 008
308
279
381, 951
373. 838
72, 749
66, 090
358, 471
369
353
291,358
284, 097
66, 744
60, 784
581, 366
219
194
487, 824
475, 495
93, 323
84, 378
475, 465
133
128
385, 361
377, 185
89, 971
80, 939
580, 660
199
170
469, 618
461. 119
110, 843
99, 809
559, 311
268
234
455, 193
446, 524
103, 850
93, 294
696, 893
412
323
575, 518
563, 119
120, 963
108, 997
856, 618
598
'349
720, 688
702. 935
135, 332
120, 236
706, 672
397
291
595, 067
581, 069
111,208
98, 573
818, 092
457
374
682, 782
669, 550
134, 853
121, 272
20, 282
10, 901
9,381
21, 413
12, 350
9,063
20, 531
11, 205
9, 326
17, 216
9,251
7,965
13, 083
7, 183
5,900
15, 531
8,914
6,617
18, 208
8,584
9,624
17, 639
8, 134
9,505
16, 969
6, 610
10. 359
19, 285
8, 339
10, 946
21, 830
12, 679
12, 151
24, 462
12, 430
12, 032
2,648
2,552
1, 506
1, 046
96
2,692
2, 584
1,640
944
108
3,256
3,087
2, 108
979
169
2, 951
2.816
1,821
995
135
3, 043
2, 865
1,696
1,169
178
3,083
2,969
1, 842
1,127
114
3,493
3,348
2,123
1,225
' 145
4,395
4,183
2,523
1,660
212
4,385
4,192
2, 528
1,664
193
4,867
4, 650
2,782
1,868
217
5, 532
5,337
3,203
2,134
395
5, 453
5,260
3, 303
1,957
193
478, 556
85, 539
459, 647
89, 253
465, 765
86, 398
409, 702
79, 699
414, 579
78, 805
381, 562
67, 925
408, 990
71, 698
495, 885
96, 266
471, 215
92, 241
488, 363
90, 786
583, 937
91,512
609, 926
117, 040
7,184
4,251
4,245
2,933
70
70
65
0
6,201
3,996
3,936
2,205
T
94
93
87
r
1
4,537
2,833
2 828
1,704
90
90
84
0
4, 456
2,729
2,649
1,727
85
85
76
0
3,432
2, 052
1,950
1,380
80
80
75
0
2,395
1,006
1,006
1, 389
61
61
61
0
2,051
922
917
1,129
64
64
64
0
1,712
830
830
882
87
87
87
0
983
235
223
748
82
82
82
0
2,193
1,211
1,211
982
113
113
113
0
4,074
3,365
3,165
709
106
106
106
0
3,464
2,138
2,138
1,326
94
93
93
1
5,203
2,787
2,787
2,416
104
102
102
2
1,767
1,766
1,765
1,763
1,750
1,745
1,742
1,739
1,733
1,728
1,724
1,722
1,719
125
r
7. 1
26, 599
13, 473
13, 126
124
7.3
20, 609
9,419
11, 190
132
7. 7
16, 183
6.442
9,741
130
7.7
12, 661
4,122
8,539
134
8.0
12, 861
2,447
10, 414
141
8.4
17, 766
4,550
13, 216
139
8.3
25, 647
8, 455
17, 192
128
7.8
27, Oil
1C, 715
16, 296
127
7.7
30,170
13, 766
16, 404
128
7.4
40, 405
24, 338
16, 067
118
6.9
39, 360
21, 936
17, 424
123
7. 1
62, 124
37, 342
24, 782
108
6.3
76, 582
48, 220
28, 362
2.949
9.8
2,992
10.0
3,189
10.8
3,297
11.3
3,204
11.1
3,454
12.2
3,498
12.5
3,407
12.3
3,308
12.1
3,217
11.9
3,086
11.7
3,166
12.1
3,239
12.4
23
6
17
873
873
0
21
5
16
775
775
0
17
2
15
816
816
0
15
1
14
954
954
0
13
0
13
885
885
0
12
0
12
1,130
1,130
0
12
0
12
1,099
1,099
0
11
0
11
1,088
1,088
0
10
0
10
1,101
1,101
0
9
0
9
1,000
1,000
0
23
0
23
977
977
0
22
0
22
1,110
1,110
0
21
0
21
1,367
1,367
0
65
12
53
80
4
76
62
25
37
65
5
60
107
31
76
102
48
54
48
2
46
107
55
52
54
0
54
81
3
78
48
5
43
69
10
59
202
183
19
185
168
17
254
235
19
227
197
30
232
186
46
199
180
19
183
146
37
229
196
33
204
172
32
203
183
20
268
238
30
199
177
22
MOTOR VEHICLES
Factory sales total
Coaches, total
Domestic
Passenger cars total
Domestic
Trucks total
Domestic
number
do
do
_ do
do
do
do
_
Exports totalj
Passenger cars
Truckst
--
Truck trailers, production, total
Complete trailers
Vans
411 other
_
Chassis shipped as such
Registrations:
New passenger cars
New commercial cars
do__ _
do
do_
do
do
do
_ __do
do
_
do
do_
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars total
number
Equipment manufacturers, total _ _ _ __do
Domestic
do
Railroad shops, domestic
_
do
Passenger cars total
do
Equipment manufacturers, total
do
Domestic
- _ do_ __
Railroad shops, domestic
do
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
__
- - thousands _
Undergoing or awaiting classified repairs
thousands _ _
Percent of total on line
Orders, unfilled
_ _ _ _ _ _ number _
Equipment manufacturers
do
Railroad shops
____
_ do_ _
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number. _
Percent of total on line
__ _
Orders, unfilled:
Steam locomotives, total
number-Equipment manufacturers _ _
_ do.
Railroad shops
do
Other locomotives, total
do__ _
Equipment manufacturers
do
Railroad shops _ _
_ __
do
Exports of locomotives total
Steam
Other
INDUSTRIAL
do
do
do
.
ELECTRIC TRUCKS AND
TRACTORS
Shipments total
Domestic
Export
-
number
do
_ - do_ _
' Revised.
d"Publication of data for military shipments and the total, formerly shown here, has been discontinued by the Civil Aeronautics Administration.
{Excludes "special category" exports not shown separately for security reasons.
§Not including railroad-owned private refrigerator cars.
237
216
21
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids...
24
Advertising
7, 8
Agricultural income and marketings
2
Agricultural wages, loans
15
Airline operations
22
Aircraft
11,12,14,40
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,27
Aluminum
33
Animal fats, greases
25
Anthracite
2, 5, 11, 13, 14, 15, 34
Apparel, wearing
4, 5, 8, 9, 11, 12,14,15, 38
Armed forces
10
Asphalt and asphalt products
36
Automobiles
2, 3, 7, 8, 9,11,12,13,14,18, 21
Balance of payments
20
Banking
15,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages, alcoholic
2, 8, 27
Bituminous coal
2,5,11,13,14,15,34,35
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass...
33
Brick
5,38
Brokers' loans
16,19
Building contracts awarded
6
Building costs
7
Building construction (see Construction).
Building materials, prices, retail trade
5,7,8,9
Business, orders, sales, inventories
3,4
Businesses operating and business turn-over..
4
Butter.
_
27
Candy
29
Cans, metal
33
Capital
flotations
18,19
Car-loadings
22,23
Cattle and calves
29
Cement
2,5,38
Cereal and bakery products, price
5
Chain-store sales
9
Cneese
27
Chemicals
2, 3, 4, 5,12,14,15,18, 21, 24
Cigars and cigarettes
30
Civil-service employees
12
Clay products (see also Stone, clay, etc.)
2.38
Clothing
5, 6, 8, 9,11,12,14,15,38
Coal...
2,5,11,13,14,15,34,35
Cocoa
29
Coffee
22,29
Coke
2,35
Commercial and industrial failures
4
Construction:
Contracts awarded
6
Costs.
7
Dwelling units started
7
Employment, wage rates, earnings, hours __
11,
12,13,14,15
Highway
6,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1,8
Consumers' price index
5
Copper
21,33
Copra and coconut oil
25
Corn
19,28
Cost-of-living index (see Consumers' price
index)
5
Cotton, raw, and manufactures
2, 5, 6, 21, 38,39
Cottonseed, cake and meal, oil
25
Crops
2, 5, 25, 27, 28, 30, 38
Currency in circulation
18
Dairy products
2,5, 14,27
Debits, bank
15
Debt, short-term, consumer
16
Debt, United States G overnment
17
Department stores
9, 10, 16
Deposits, bank...
15,16,18
Disputes, industrial
13
Distilled spirits
27
Dividend payments and rates
1,18,20
Drug-store sales
8,9
Dwelling units started
7
Earnings, weekly and hourly
... 13,14,15
Eggs and poultry
2, 5, 29
Electrical equipment
3,4, 7,34
Electric power, production, sales, revenues
26
Employment estimates
10,11,12
Employment indexes
12
Employment security operations
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
25
Exports (see also individual commodities)
21
Express operations
22
Factory, employment, payrolls, hours, wages _ _ 11,
12,13,14,15
Failures, industrial and commercial
4
Farm income and marketings
2
Farm wages
15
Farm products, and farm prices
2,5
Fats and oils
5,25,26
Federal Government,
finance
16,17
Federal Reserve banks, condition of
15,16
Federal Reserve reporting member banks
15,16
Fertilizers
5,24
products
34
DigitizedFiber
for FRASER
Fire losses
7
Pages marked S
Fish oils and
fish
25, 29
Flaxseed
25
Flooring
31,32
Flour, wheat
28
Food products
2,
3,4, 5, 7, 8, 9, 11, 12, 14, 27, 28, 29, 30
Footwear
2,5,8,9, 12, 14, 15,31
Foreclosures, real estate
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21,22
Foundry equipment
34
Freight cars (equipment)
40
Freight carloadings, cars, indexes
22, 23
Freight-car surplus and shortage
23
Fruits and vegetables
2, 5, 21, 27
Fuel equipment and heating apparatus
33,34
Fuel oil
35
Fuels
_
_ _
2,5,35
Furs
22
Furnaces
34
Furniture
2,5,8,9,11,12,13,14
Gas, customers, sales, revenues
26
Gasoline
36
Glass and glassware (see also Stone, clay, etc.) _ 2,38
Generators and motors
34
Glycerin
24
Gold
18
Grains
5, 19, 21, 28
Gross national product
1
Gypsum
38
Heating and ventilating equipment
33,34
Hides and skins
5,22,30
Highways
6, 7
Hogs
__
29
Home Loan banks, loans outstanding
7
Home mortgages
7
Hosiery
6, 38
Hotels
11,13,14,15, 23
Hours of work per week
12,13
Housefurnishings
5, 8, 9
Housing
5, 6, 7, 8
Immigration and emigration
23
Imports (see also individual commodities)
21, 22
Income, personal
1
Income-tax receipts
16
Incorporations, business, new
4
Industrial production indexes
2,3
Instalment loans
16
Instalment sales, department stores
10
Insulating materials
34
Insurance, life
17,18
Interest and money rates
16
International transactions of the U. S
20, 21, 22
Inventories, manufacturers' and trade
3,9,10
Iron and steel, crude and manufactures
2,
3,4,6,11,12,13,14,21,32,33
Jewelry, sales, inventories, sale credit
8, 9,16
Kerosene
35
Labor force
10
Labor disputes, turn-over
13
Lamb and mutton
29
Lard
29
Lead
33
Leather and products
2, 3, 4, 5, 12,14, 30, 31
Linseed oil,
25
Livestock
_
2,5,29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
7, 15,16,17,19
Locomotives
40
Looms, woolen, activity
39
Lubricants
35
Lumber
2, 5, 11, 12,13, 14, 31, 32
Machine activity, cotton, wool
39
Machine tools.
34
Machinery. _
2, 3, 4, 11,12,13,14, 18, 21, 34
Magazine advertising
8
Mail-order houses, sales
10
Manufacturers' sales, inventories, orders
3,4
Manufacturing production indexes
2,3
Meats and meat packing
2, 5,11, 12,14, 29
Metals
2, 3, 4, 6, 11, 12, 13, 14, 15, 18, 32, 33
Methanol
24
Milk
27
Minerals
2,3,13,14,15
Money supply
18
Mortgage loans
7, 15, 16
Motor fuel
.
36
Motor vehicles
3,8,9,40
Motors, electrical
34
National income and product
1
Newspaper advertising
8
Newsprint
22,37
New York Stock Exchange
19, 20
Oats
28
Oil burners
34
Oils and fats
5, 25, 26
Oleomargarine
26
Operating businesses and business turn-over. _
4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials
5,26
Paper and pulp
2, 3, 6,11,12,14, 36, 37
Paper products
2, 3,4, 36, 37
Passports issued
23
Payrolls, indexes
12
Personal consumption expenditures
8
Personal income
1
Personal saving and disposable income
1
Petroleum and products
2,
3, 4, 5, 11, 12, 13, 14, 15, 21, 22, 35, 36
Pig iron.
32
Pages marked S
Plant and equipment expenditures
1
Plastics and resin materials, synthetic
26
Plywood
31
Population
10
Pork
_
29
Postal business..
8
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
5,6
Printing
2,3,4, 11,12,15,37
Profits, corporation
18
Public utilities
1, 5, 11, 13, 14,15,17, 18,19, 20
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio advertising
7
Railways, operations, equipment, financial statistics, employment, wages
1,
11,12,13,14,15,17,18,19,20,22, 23,40
Railways, street (see Street railways, etc.).
Rayon and rayon manufactures
2, 6, 39
Real estate
7
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Refrigerators
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores, department stores, mail order, rural sales, general merchandise
3,4,8,9,10
Rice
28
Roofing and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
22,37
Rubber industry, production index, sales, inventories, employment, payrolls, hours,
earnings
2,3,4,12,14,15
Rye
_
28
Savings deposits
16
Saving, personal
1
Securities issued
18,19
Service industries
8,11
Sewer pipe, clay
38
Sheep and lambs
29
Shipbuilding
11,12, 13, 14
Shoes
2, 5, 8, 9,12,14,15, 31
Shortenings
26
Silk, imports, prices
6, 22, 39
Silver
18
Skins
5,22,30
Slaughtering and meat packing
2,
11,12,14,29
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)..
32,33
Steel, scrap
32
Stocks, department stores (see also Manufacturers' inventories)
10
Stocks, dividends, issues, prices, sales, yields..
20
Stokers, mechanical
34
Stone, clay, and glass products
2,
3,11,12,13,14,38
Stoves
34
Street railways and buses
13,14,15,22
Sugar
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
24
Tea
_.
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 19, 20, 23
Textiles
2, 3, 4, 6, 11, 12, 14, 15, 21, 38, 39, 40
Tile
38
Tin
_ 22,33
Tires and inner tubes
6, 12, 14, 15,37
Tobacco
2, 3, 4, 5, 7, 8, 11, 12, 14, 15, 30
Tools, machine
34
Trade, retail and wholesale*, 3,4, 8.9.10,11,13,14,15
Transit lines, local
15,22
Transportation, commodity and passenger
22, 23
Transportation equipment
2,3,4,11,12,13,14,40
Travel
23
Truck trailers
40
Trucks
40
Turpentine and rosin
24
Unemployment and unemployment compensation
10,13
United States Government bonds
17,18,19
United States Government,
finance
16,17
Utilities
1, 5, 11, 13, 14, 15, 17, 18, 19, 20
Vacuum cleaners
34
Variety stores
9
Vegetable oils
25,26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
13,14,15
Washers
34
Water heaters
34
Wax
36
Wheat and wheat
flour
19,28
Wholesale price indexes
5,6
Wholesale trade
10
Wood pulp
36
Wool and wool manufactures
2, 6, 22, 39, 40
Zinc.
33
•
A BASIC TOOL FOR BUSINESSMEN
ECONOMISTS, AND STATISTICIANS ENGAGING
IN CURRENT BUSINESS ANALYSIS
OR RESEARCH IN BUSINESS AND RELATED
ECONOMIC PROBLEMS
4949
€CMa,vuAi&>
More than 2,600 scries of commercial and governmental statistics for the business world are included in the
1949 Statistical Supplement presented by the Office of Business Economics as the historical record of series now
appearing monthly in the SURVEY OF CURRENT BUSINESS.
awiect'few autcw cwtct' efj&ci&nt we&ecwcrt,
The Supplement provides monthly data from January 1945 through December 1948 and annual averages of
monthly data from 1935 through 1948, plus complete annotations for meaningful use.
• • • com•
'tttze
Business indexes on income payments, farm marketings, industrial production, orders, shipments, inventories;
statistics on construction, advertising, postal receipts, domestic trade, employment, wages, pay rolls, banking,
commercial failures, life insurance, foreign exchange, corporation profits, public finance, securities and commodity
markets; authoritative figures on exports, imports, transportation and communications, commodities, and many other
classifications for business use.
Complete descriptions and explanations of the data covered in the tables and in the monthly SURVEY OF
CURRENT BUSINESS, providing the reader with information essential to the proper use of the data— definitions
of the statistical units employed, methods by which they are collected, adequacy of samples. In addition, the notes
direct the reader to sources of monthly and annual data prior to January 1945 and call attention to changes in the
nature of the data affecting their comparability. Exact sources are listed.
Available from the nearest Department of Commerce field office or from the Superintendent of Documents
U. S. Government Printing Office, Washington 25, D. C. Price $1.25
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