Full text of Survey of Current Business : October 1951
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OCTOBER 1951
U. S. DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF CURRENT
BUSINESS
No. 10
OCTOBER
1951
tents
PAGE
THE BUSINESS SITUATION
Machine Tool Requirements
National Income and Corporate Profits in the Second
Quarter
*
*
1
4
6
*
SPECIAL ARTICLES
Income on International Investments of the United
States
7
NEW OR REVISED STATISTICAL SERIES
Revision of Business Sales, Orders, and Inventories . . 15
*
*
*
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 MEEHAN,
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.
DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
203 W. Gold Ave*
Memphis 3, Tenn.
229 Federal Bid*.
Atlanta 3, Ga.
50 Whitehall St. SW*
Miami 32, Fla.
36 NE. First St.
Baltimore 2, Md.
200 E. Lexington St.
Milwaukee 1, Wis.
517 E. Wisconsin Are,
Boston 9, Mass.
40 Broad St.
Minneapolis 2, Minn.
607 Marquette Ave.
Buffalo 3, N. Y.
117 Ellicott St«
Mobile, Ala.
109-13 St. Joseph St.
Butte, Mont.
306 Federal Bldg.
New Orleans 12, La.
333 St. Charles Ave,
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
New York 4, N. Y.
42 Broadway
Cheyenne, Wyo.
410 Federal Office Bldg.
Oklahoma City 2, Okla,
114 N. Brodway
Chicago 1, III.
221 N, LaSalle St.
Omaha, Nebr.
403 So. 15th St.
Cincinnati 2, Ohio
105 W. Fourth Sti
Philadelphia 6, Pa.
1015 Chestnut St*
Cleveland 14, Ohio
925 Euclid AYBJ
Phoenix, Aria.
808 N. First Sti
Dallas 2, Tex.
1114 Commerce Sti
Pittsburgh 22, Pa.
717 Liberty Ave.
Denver 2, Colo.
142 New Custom House
Portland 4. Oreg.
520 SW. Morrison St»
Detroit 26, Mich.
230 W. Fort Sts
Providence 3, R. I.
327 Post Office Annex
El Paso 7, Tex.
310 San Francisco St.
Reno, Nev.
1479 Wells Ave*
Hartford 1, Conn.
135 High St»
Richmond 19, Va.
400 East Main St.
Houston 14, Tex.
501 Republic Bldg.
St. Louis 1, Mo.
1114 Market St,
Jacksonville 1, Fla.
311 W. Monroe St*
Salt Lake City 1, Utah
109 W. Second So.
Kansas City 6, Mo.
700 Pickwick Bldg.
San Francisco 2, Calif.
870 Market St.
Los Angeles 15, Calif.
112 West 9th Stt
Savannah. Ga.
125-29 Bull Si*
Louisville 2, Ky,
631 Federal Bldg.
Seattle 4, Wash.
123 U. S. Court House
For local telephone listing, consult section
devoted to U. S. Government
Contents are not copyrighted and may be freely reprinted.
OCTOBER 1951
The Defense Program
THE
BILLION DOLLARS
IOO
Higher
authorizations
are being
accompanied
by rising
obligations
SITUATION
By the Office of Business Economics
- 40
- 20
I960
1952^
I95I
FISCAL Y E A R S
of which twothirds are for
materiel,
chiefly hard
goods.
100
DEFENSE DEPARTMENT OBLIGATIONS
IH SERVICES
[Sn SOFT GOODS AND
^CONSTRUCTION
~ • HARD GOODS
TOTAL
The budget for the current fiscal year, action on which is
now nearing completion, provides authorizations of about
$70 billion for the continuation and expansion of the defense
program. This total, which includes all phases of defense,
is about $10 billion higher than the authorization for the
past year and about four times as great as that for the
fiscal year 1950. The new authorizations will provide a
continuing large flow of orders to manufacturers as these
funds are utilized to round out and extend existing programs.
The expanding Government program, plus the rising
volume of plant and equipment expansion stimulated by the
direct and indirect needs of the military forces, constituted
about one-third of the total output of the economy in the
September quarter, compared with one-fourth in the first
half of the calendar year 1950. Government requirements
and the strength of capital expenditures, which together
exercise a major stimulus to the flow of income, are still the
dominating force in the economy.
Major pressures to expand output continue in the basic
durable goods industries. Defense obligations for hard
goods—generally metal fabricated products—have constituted more than half of the total obligations. The other
procurement covers soft or consumption goods, construction,
and services. Orders placed by the Defense Department for
hard goods have averaged approximately $40 billion at an
annual rate in the first 9 months of this year.
- 20
Defense program moving ahead
JULY 4 9 - 3
4
I
2
3
4
JUNE 50
'
1950
1951 </
QUARTERLY TOTALS, AT A N N U A L RATES
Deliveries
of military
supplies
constitute
about onehalf of total
defense
expenditures.
60
TOTAL
EXPENDITURES
40
20
DELIVERIES
J
I
JULY'49- 3
JUNE '50
I960
(DEFENSE DEPT.)
I
I
i
I
1
2
3
4
1951 ^
The long lead time between the placement of orders and
the delivery of the more complex military products has meant
that the larger part of the expenditures up to this time has
been for services and soft goods, such as food, fuel, clothing,
and drugs. The Armed Forces were built up to contemplated
strength at a more rapid rate than was possible for the major
munitions programs. Consequently, an increasing proportion
of future expenditures will consist of munitions.
The rate of total expenditures in the third quarter (shown
in the bottom panel of the chart) was something over half of
the obligational authority to be available for fiscal 1952.
These expenditures have risen steadily from about $12 billion
in the pre-Korean period to $38 billion in the quarter just
passed, at annual rates. Furthermore, deliveries of goods are
now rising at a faster rate than total expenditures—they currently constitute half of total defense expenditures. The
trend of both expenditures and deliveries will continue upward, with the latter showing the more rapid relative advance.
QUARTERLY TOTALS, AT ANNUAL RATES
Facilities expansion pushed
U OBLIGATIONS FOR 1952 ARE FOR JULY AND AUGUST.
& DATA FOR THIRD QUARTER ARE PRELIMINARY ESTIMATES.
SOURCES OF DATA: U. S. DEPARTMENTS OF DEFENSE AND COMMERCE, AND
U. S. BUREAU OF THE BUDGET
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
966814°—51-
5
The significance of the Government programs is not shown
fully by these direct expenditures. The continued advance in
private business capital expenditures is in large part the
1
SURVEY OF CURRENT BUSINESS
result of Government's needs which have given a general
stimulus to expansion. Third-quarter expenditures on private
plant and equipment reached a new high, and the fourthquarter results will reflect the same urgent need for greater
capacity.
Although expansion is continuing in plant and equipment,
reverse trends are apparent in other private investment.
The decline in nonindustrial construction reflects the diversion of basic materials to priority programs and the credit
limitations designed to slow down investment where it is
not required for defense or defense-supporting purposes.
Residential construction slowed
Residential construction activity declined 10 percent from
the second to third quarter of this year, on a seasonally
adjusted basis, extending the decline which has been under
way since the third quarter of last year. Housing starts
in August, at 85,000, were lower for this month than in any
of the four preceding years, though they still represented a
large number of new units. As a result of the continued
decline in most types of construction not related to defense,
the value of private construction put in place in the third
quarter—other than industrial construction which increased
substantially—was appreciably lower than in the first half
of 1951.
Inventory correction proceeds
In recent months business has succeeded in partially correcting the unbalanced inventory pattern of consumers' goods
which arose earlier in the year when retail buying fell below
expectations while manufacturers' deliveries to distributors
continued at a high rate. Although the first effect of reduced
trade purchasing was a bulge in inventories offinishedconsumers' goods in the hands of manufacturers, recent evidence
suggests that manufacturers have also begun to reduce
such stocks by curtailing their rates of production of these
products.
New orders placed by distributors for consumer goods still
reflect the high inventories in some lines, though recently
there has been a moderate improvement in business purchasing, and a firming of prices in primary markets which had
been drifting downward in earlier months.
October 1951
Income expands but consumers remain cautious
Both personal and disposable income (income after taxes)
have moved upward. In August, personal incorne reached a
seasonally adjusted annual rate of more than $254 billion,
which is $4 billion above the average for the second quarter.
The major increase has stemmed from Government activity
and rising farm income. Private pay rolls again remained
steady in August. With consumer buying moving ahead
only moderately, personal saving has continued at the higher
rate that characterized the second quarter—a rate considerably above the average for the postwar period. In fact,
the recent rate of over 9 percent of saving out of disposable
personal income is double the average of just over 4 percent
for the postwar years, 1947-50. In these earlier postwar
years there was, of course, the greater urge to buy because of
depleted inventory of goods in consumers' hands by reason
of war-born shortages.
The continued cautious spending on the part of consumers,
despite record employment and gradually advancing wage
Chart 2.—Price Trends in 1951
INDEX, 1935-39 = 100
Consumer prices ^^^^
^SPOT MARKET
have shown
^^^^^
r ("" COMMODITIES)
little change in
recent months,
WHOLESALE
but raw
_ (ALL COMMODITIES)
materials and
wholesale prices
^~~~*~*
have declined....
3&O
300
__
200
^CONSUMERS'
(ALL ITEMS)
1
1
1
1
1
_
1
1
1
1
1
1
I50
IOO
400
with the
principal
decreases in
these groups.
y^^
OILS AND FATS
350
-TEXTILE
PRODUCTS.
300
X
X
Total output maintained
The net result of recent shifts has been the maintenance
of total economic activity at the even pace of the preceding
several months, with changes in many sectors of the economy
conforming to the usual seasonal movements. Production of
consumers' goods has remained below the rate of the earlier
months of the year, reflecting the combined influence of
less active final demand and of the systematic policy of
inventory curtailment for many types of goods. In still
other instances—notably automobiles and related metalbased goods—output was held down by controls and allocations in order to facilitate the expansion in defense production
and in industrial capacity. The gradual transfer of material
and manpower resources into the growing defense program
and related activities continues.
Employment in September was little changed from August
on a seasonally adjusted basis. As a result of cut-backs in
production in the past few months in a number of consumers'
goods industries, some layoffs have occurred and these have
resulted in some time losses for the employees involved.
In the main, displaced workers have been absorbed in expanding industries, especially in diversified industrial centers.
Thus, total unemployment has continued substantially below 2 million.
250
250
HIDES AND LEATHER
PRODUCTS
200
I5O
1
1
1
1
1
1
1
1
I
1
1
IOO
300
Other major
groups of
sBU/LDING MATERIALS
250
prices have
been stable.
HOUSEFURNISHING GOODS
200
METALS AND METAL
PRODUCTS
I50
1
J
1
F
1
M
1
A
1
M
1
J
I
J
1
A
1
S
1
O
1
N
IOO
D
1951
U. S. DEPARTMENT OF COM* 1ERCE, OFFICE OF BUSINESS ECONOMICS
5I-22O
Source of data: U. S. Department of Labor, Bureau of Labor Statistics; basic indexes for
wholesale and spot market prices recomputed with 1935-39 as base.
October 1951
SURVEY OF CURRENT BUSINESS
scales, is one offset to the rising influence of defense spending.
Other influences in stemming inflationary forces are credit
controls, restrictions on investment, and rising taxes. Congressional action which is nearing completion is expected to
raise personal income tax rates by 11 or 12 percent.
Prices stable in recent period
The slackening in private demand beginning in the second
quarter brought a gradual decline in prices in wholesale and
primary markets. During August and September, however,
there was little further change in the average of all prices as
increases began to appear in some farm and food commodities. The average of wholesale prices for all commodities is now slightly lower than at the time of the price
freeze in January and about 3 percent below the peak
reached in March.
The principal declines have occurred in the more volatile
raw materials prices and in semifinished goods, where the
reductions have averaged from 5 to 10 percent. Prices of
manufactured products edged up slowly until June, and
have since declined about 1 percent. They are now slightly
higher than at the time of the price freeze in January.
The marked decline in raw materials prices is shown in
chart 2. The highly-volatile index of 28 spot prices reported by the Bureau of Labor Statistics fell 12 percent from
January through August, but subsequently has advanced
somewhat. The average of the 28 commodities is now 25
percent above the pre-Korean period.
general, increases in output of defense and producers' equipment have tended to offset to a large extent the cutbacks in
production of most consumer goods which have been in
evidence since the first quarter of the year.
The automobile industry, geared to NPA limitation orders
on the use of metals, turned out 1,160,000 passenger cars in
the third quarter, slightly less than the projected quota for
Chart 3.—Frequency Distribution of Percentage Change in
Wholesale Prices for Selected Commodities
PERCENT OF TOTAL
40
10 -
Comparative price movements in wholesale
markets
Of the 48 commodity groups comprising the BLS wholesale price index, about half were lower in August than in
January. For the most part the declines were small, except
in the textile and leather groups and in fats and oils, where
the reductions range from 10 percent to more than 20 percent. On the other hand, prices were higher in August for
almost all metal and metal-fabricated products including
automobiles, farm implements, and building materials.
Most foods were also higher with substantial rises in the
important meat, poultry and fish group.
A tabulation of 833 individual commodities in the comprehensive wholesale price index reveals that more than onethird of the products showed no price change between January and August. The number of higher quotations was about
equal to the number declining, but large declines were considerably more frequent than large advances. As shown in
chart 3, these changes are in sharp contrast with those
occurring in the latter half of 1950 when less than onetenth of the commodities were unchanged, and four-fifths
of the total advanced 5 percent or more.
Consumer price index steady
Consumer prices moved upward for a few months following
the price freeze and have leveled off in recent months at a
point a little more than 2 percent above January. Some
price declines occurred in August in housefurnishing items
as retailers sought to move large stocks of major appliances.
Despite numerous mark-downs in the apparel field, the
general average of clothing prices has shown little change in
recent months. Food prices also remained firm as seasonal
declines in fruits and vegetable were offset by advances in
meats.
Output of consumers' durables lower
The gradual shift in resource from civilian to defense uses
stands out clearly from an analysis of production trends. In
-20.0
AND
UNDER
-19,9 -14.9 -9.9
TO
TO
TO
-15.0 -10.0 -5.0
-4.9 NO O.I
TO CHANGE TO
-O.I
4.9
5.0
TO
9.9
10.0
TO
14.9
15.0
TO
19.9
20.0
AND
OVER
PERCENT CHANGE JANUARY TO AUGUST 1951, 633 COMMODITIES
PERCENT OF TOTAL
40
10 ~
-20.0
-19.9 -14.9 -9.9 -4.9 NO O.I 5.0 10.0 15.0
20.0
AND
TO
TO
TO
TO CHANGE TO
TO
TO
TO
AND
14.9 19.9
OVER
UNDER -15.0 -10.0 -5.0 -O.I
4.9
9.9
PERCENT CHANGE JUNE 1950 TO JANUARY 1951, 809 COMMODITIES
U. 5 DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-224
Sources of data: TJ. S. Department of Commerce, Office of Business Economics, based
upon data of the U. S. Department of Labor, Bureau of Labor Statistics.
the period, and 340,000 trucks, making an annual rate of
6 million motor vehicles. In the October-December period,
completions of 1,100,000 passenger cars and 256,000 trucks
will be permitted, assuming availability of materials.
Although sales of new passenger cars did not show the usual
seasonal advance in the summer months of 1951 they have
remained somewhat in excess of permitted production and
stocks of cars have declined during the past several months.
4
SURVEY OF CURRENT BUSINESS
In the consumer hard goods lines, a sharp recovery occurred
in output of most of these products in August from the especially low volume of July. Despite these sizable increases,
in most items, output in August was generally still low relative to postwar peaks and even to 1949.
Although there was some seasonal recovery from the July
vacation slump, textile manufacturing has continued well
below the high rate of the first quarter, a pattern similar to
that experienced in sales of clothing at retail stores. One
of the larger cutbacks has occurred in the wool carpet
manufacturing industry. A significant decline has also
developed in the rayon industry in recent months. Deliveries of rayon to domestic mills in August and September
dropped sharply, with the rate in the latter month about
one-fourth under the average monthly volume in the second
quarter of this year.
October 1951
Basic materials at high rate
With few exceptions, output of basic materials expanded
further or was generally maintained close to peak rates.
Steel mill operations increased from August to September
with the rate at the end of the month somewhat in excess
of annual rated capacity of well over 105 million tons. Capacity operations were also experienced in most plants producing industrial chemicals while crude petroleum runs hit
a record daily average rate of over 6.2 million barrels, almost
400 thousand barrels higher than a year ago. For some of
the nonferrous metals, production was held down primarily
as a result of labor disputes and other production difficulties.
Production of bituminous coal was at the highest rate since
January, a reflection of the strong domestic demand coupled
with renewed large-scale shipments to foreign markets,
principally Europe.
Machine Tool Requirements
A fundamental aspect of the present defense program is the
extensive tooling up and preparation of industrial facilities
to meet current and future needs for both military and military-supporting goods. It is estimated by the Office of
of Defense Mobilization that additional machine tools valued
at nearly $3 billion will be needed over the next two or three
years. This would require stepping up production more
than 200 percent above the 1950 rate. The current demand
is much greater than the supply and new orders are several
times greater than shipments. Backlogs on deliveries are
increasing and creating a severe problem in meeting the needs
of the defense and related industries.
A number of factors have made difficult rapid expansion
in the industry. The rate of production in the industry was
unusually low at the time of the invasion of South Korea.
Furthermore, shortages of equipment, materials, and skilled
labor developed as different phases of the defense program
got under way. Another more general problem was the price
situation. Rising costs resulting from adding equipment,
subcontracting and premium wage rates, could not be offset
by price increases because of the price freeze. Each of these
problems has been attacked by the industry working in
cooperation with Government defense agencies.
When the United States entered the second World War,
the machine tool industry had been in the process of expansion for several years. The war in Europe had brought orders
from abroad and the expansion in the domestic economy after
the severe depression period had also stimulated demand.
Shipments increased from $200 million in 1939 to $450
million in 1940. The upward movement continued through
1942 when the peak was reached at $1,300 million in shipments in current dollar terms.
At the beginning of the Korean conflict no such expansion
had been taking place. By 1949 shipments has fallen lower
than at any time in the past decade. Output had been
declining constantly since 1942 as new orders fell off. A
number of firms had gone out of business and others which
had produced machine tools or machine tool parts during
the war period had reverted to the output of other types of
prewar products. Machine tool producers had not expanded
capacity and were seeking new products to offset the decline
in tool orders. Thus by the middle of 1950 the capacity of
the industry was markedly reduced.
The conflict in Korea and the defense program created
new and pressing demands for machine tools. From June
1950 to January 1951 orders increased more than threefold
but shipments rose only 25 percent. During the first half
of 1951 orders continued to rise until they were at an annual
rate almost four times greater than shipments. This difference between output and orders created a backlog of almost
2 years compared with a backlog of 3 to 6 months for the
years 1946-50.
It is estimated that shipments will be at an annual rate of
$675 million by December 31, 1951, and will double this rate
during 1952. The attainment of such a production schedule
will relieve the severe pressure on machine tools, but the goal
will not be reached until late in 1953.
Program to increase capacity
There are three methods of increasing output of machine
tools: (1) expanding the capacity of existing firms, (2) subcontracting, and (3) Government building of new facilities
to be operated publicly or privately. There are, however,
technical problems involved in any method of expansion.
The primary equipment of the machine tool industry is its
own product. Like other industries wishing to expand,
industry members have encountered difficulty in securing
machine tools for expansion. Many firms tend to specialize
in one type of machine tool and depend on other producers
for their operating equipment. In order to secure the
machine tools needed for production, members of the industry
sought relief from the National Production Authority in the
form of a priority rating.
The NPA initiated a priority system in March. Under
this system machine tool manufacturers producing for defense industries could apply directly to NPA for assistance
in securing the machine tools needed. Due to the severe
shortage a priority system is not immediately effective since
a lag usually exists between the order and the delivery of the
equipment. In July the industry requested a super-priority
rating, the right to commandeer needed equipment. A superpriority has been granted which allows the machine tool
industry to receive new equipment before other industries;
this order is immediately effective only in those cases where
such equipment is ready for delivery.
October 1951
SURVEY OF CURRENT BUSINESS
There are also economic factors which have prevented
rapid expansion. Since the industry is extremely sensitive
to cyclical fluctuations, there has been a degree of caution
exhibited by the industry in increasing facilities, on the basis
that a large expansion may result in idle capacity in the
future when orders turn down. Because of this the industry
has requested a 100 percent write-off privilege in place of the
current 75 percent write-off of capital costs under certificates
of necessity.
A second method of expanding capacity, without the risk
of future excess capacity, is through subcontracting and thus
employing the excess capacity of related industries. Approximately 20 percent of the man hours used to produce machine
tools and machine tool parts during World War II were
attributable to subcontracting. Most commonly subcontracts go to small job machine shops, or companies whose
primary product requires equipment similar to machine tools.
During the last war manufacturers of printing presses, automobiles, textile machinery and office machinery produced
machine tools and parts under subcontracts. Some of these
firms, particularly printing press producers, can manufacture
a complete machine tool. Others are equipped to produce
parts only.
Until recently there has been little subcontracting. This
was due to two factors. In the first place the price regulation
effective in the industry did not allow the additional cost of
subcontracting to be added to the price. In the second place
manufacturers of other products had little or no excess
capacity available for subcontracting as long as the market
for their product existed and the materials for manufacturing
were available. Recent actions taken by the Government
have tended to modify both of these situations.
One such action was price relief. There were several
amendments to the Office of Price Stabilization Regulations
affecting machine tools. Early amendments allowed increases over base period price—due to direct wage, material,
or subcontracting costs. In August the Office of Price
Stabilization granted additional price relief to the machine
tool industry. A 12-percent increase over the base period
price was granted to allow for increased cost of labor and
materials. This price margin was also considered sufficient
to cover the costs of subcontracting.
Recently under the Controlled Materials Plan the amount
of critical materials allotted to nondefense manufacturers
has been cut. This should free capacity of related industries
for subcontracting. The automobile industry, for example,
has announced its willingness to produce machine tool
parts in its machine department.
The third method for expanding capacity would be through
Government-owned plants, operated by the Government or
by the industry. So far no steps have been taken in this
direction. The General Services Administration has funds
which may be used to expand the capacity of already existing
firms or new firms but as yet none has been spent for this
purpose.
Pool orders an aid to scheduling
Even if the capacity of the industry were adequate to
produce all the machine tools necessary, a backlog of 3 to 4
months would still exist. Normally production is undertaken only after an order is received. To meet this particular
problem the "pool order" system of the second world war
has been initiated.
Under this plan the General Services Administration places
orders with machine-tool manufacturers and guarantees to
purchase any or all machines which are not taken by other
agencies or firms. When an order is placed GSA may advance 30 percent of the value of the order to cover pay rolls
and other costs.
Materials a problem
Although the machine-tool industry uses small amounts
of metal relative to total output of such materials, the
scarcity of metals has affected machine-tool production.
Normally the industry does not purchase directly from the
mill because mill lots are not required. Purchases are made
through warehouses. With current material shortages this
system of purchases had made it difficult to obtain the high
grades of steel required by the industry.
The National Production Authority gives spot assistance
to the industry in securing materials. If a particular grade or
type of steel is required, the machine-tool producer may
apply to NPA for the material if it is unavailable in the
market. NPA will either find the material or order it produced by a steel mill. Although this serves to lessen the
problem, the time involved in such assistance causes production to be retarded. The cutting of allotments of strategic
materials for nondefense producers should ease the material
shortage considerably.
Skilled manpower required
Despite the generally balanced labor market for the
country as a whole, the recruitment of skilled workers has
posed a problem for the industry. The labor market is
unusuaUy tight in those highly industrialized areas where the
industry is concentrated. Competition with defense industries using the same type of labor prevented the rapid
acquisition of production workers, particularly before the
price relief allowed the payment of premium wages.
Three out of eight workers in the industry are skilled. For
this reason it is difficult to solve the problem by importing
labor or tapping new labor sources. The skills normally
require a training period of 3 years. For some routine operations a shorter training period may be substituted but will
not supply the highly skilled supervisory personnel. This, as
Well as the old price ceiling, was one of the deterrents in
adding second and third shifts.
Since the middle of 1950, however, the number of production workers and the average weekly hours have been rising.
The number of production workers increased from 38,000 in
June 1950 to 60,000 in July 1951, a 58 percent rise. An
additional rise of 50 percent will be required in the next year,
exclusive of subcontracting. During the past year average
weekly hours have advanced 12 percent, from 42.3 hours to
47.4. This is the highest weekly average for any manufacturing industry.
The industry is generally operating on a two-shift basis
because of the shortage of labor and supervisory personnel.
Each of the two shifts tends to be 9 hours for 5% or 6 days.
This method of operation raises labor costs due to premium
pay, but reduces the immediate need for supervisory personnel and simplifies the recruitment of workers.
The shortage of machine tools continues to be a problem
in the attainment of defense production goals despite the
steps which have been taken. New action is now being
taken on three fronts. The Office of Defense Mobilization
has launched a program to analyze individual machine models
and determine which should be given highest priority. The
industry will produce these tools first. Individual users have
been requested to restudy their requirements. Through
modification of simple machine tools and reviewing production methods some firms have been able to reduce their original demands. To relieve the skilled worker shortage the
Defense Department has decided to give special consideration
to machine tool workers and the Selective Service Board will
suggest the same action to local boards. These new actions
should help speed the tooling-up process in defense industries.
SUEVEY OF CUEEENT BUSINESS
6
October 1951
National Income and Corporate Profits in the Second Quarter
Corporate profits before taxes were at the seasonally
adjusted annual rate of $45K billion in the second quarter
of this year, according to preliminary estimates of the Office
of Business Economics. This represented a decline of over
$6 billion from the rate obtaining in the first quarter of 1951,
but the total was substantially higher than in the second
quarter of 1950. Corporate profits after taxes have been
reduced from the peak, reflecting both the reduction in
earnings before taxes and a large increase in corporate tax
rates.
When adjusted to a national income basis to exclude the
effects of inventory profits which resulted from the rising
price level, corporate earnings before taxes remained the
same in the second quarter as in the first. Profits adjusted
for inventory valuation had advanced sharply throughout
the quarters of 1950, but at a much diminished rate in the
first quarter of 1951.1
National income higher
After reaching an annual rate of $269K billion in the first
quarter of this year, the national income increased $5 billion
in the June quarter. This slackened rise of less than 2 percent contrasts with an advance of 3% percent in the preceding
quarter and a spurt of 12% percent in the last half of 1950.
The importance of corporate profits in the productive
system may be appraised by relating them either to the
total national income or to income originating in the corporate sector, with allowance for the fact that profits are
subject to wide swings during periods of changing business
activity.
The distribution of National Income indicates that the
percentage share of corporate profits adjusted for inventory
valuation was virtually stable in 1948, 1949, and through the
first half of 1950. In the second half of last year and the
first six months of 1951, however, the profits share rose from
14.5 to nearly 16 percent.
If profits are measured inclusive of inventory profits and
losses—that is, before the inventory valuation adjustment—
the percentage ratio to national income rose sharply in each
of the two halves of 1950 and fell off somewhat in the first
6 months of this year. This decline stemmed from the
reduction in inventory profits.
After-tax profits hit a peak of 10% percent of the national
income in the second half of 1950 and dropped close to 7
percent in the first half of 1951.
While this last type of comparison is a useful gauge of the
impact of corporate taxes on profits, it will be remembered
that other types of taxes have also increased in the period
under review. In a comprehensive evaluation of the position of the various income shares on an after-tax basis,
account would have to be taken of taxation on earnings other
than corporate profits as well.
Much the same picture of recent changes in the relative
importance of corporate profits emerges when profits are
related to income originating in the corporate sector. On
this basis, profits inclusive of the inventory valuation adjustment represented a nearly stable proportion in 1948, 1949,
i Businesses generally charge inventory goods to cost of sales in terms of prior-period prices.
When replacement costs of inventories are higher than "book" costs, as in the recent periods
of rising prices, an inventory profit appears. The inventory valuation adjustmen t employed
in national income accounting is designed to correct reported profits for the difference between
the "book" cost and current replacement cost of goods sold, and thus provide a measure of
profits earned in current production.
and the first half of 1950, but then increased from 26 percent
of corporate income originating to 27% percent in the second
half of last year and the first half of this year.
Corporate income tax liabilities raised
On the basis of preliminary estimates, corporate income
tax liabilities amounted to $31 billion in the first quarter
and $27 billion in the second, at seasonally adjusted annual
rates. Book profits after taxes thus dropped from a peak
of $28 billion in the last quarter of 1950 to $21 billion and
$18% billion in the following two quarters.
The corporate income tax liabilities shown in table 1 are
estimated for the first and second quarters at the new higher
rates impending under proposed legislation. At this writing, the House and Senate versions of the legislation have
been compromised by a conference committee. Rates of
30 percent on the first $25,000 of earnings, 52 percent on
the rest, and 82 percent on excess profits with an over-all
maximum rate of slightly less than 70 percent, have been
approved by the committee, as has an effective date of
April 1.
Table 1.—National Income, First Two Quarters, 19511
[Billions of dollars]
Unadjusted
Item
I
National income
II
Seaso nally
adjus ted at
annua rates
I
II
_ __ __ _
66.0
68.5
269.4
274.3
Compensation of employees
Proprietors' and rental income
_
.__
Corporate profits and inventory valuation adjustment
Corporate profits before tax _ 2 . . .
Corporate profits tax liability
Corporate profits after tax
_ .
Inventory valuation adjustment
Net interest __
~.
42.4
12.2
44.2
12.0
172.1
48.8
177.4
48.1
10.0
12.2
7.3
4.9
-2.2
1.4
10.8
11.4
6.8
4.6
-.6
1.4
42.9
51.8
31.1
20.7
-8.9
5.6
43.0
45.4
27.0
18.4
-2.3
5.7
21
Components will not necessarily add to totals because of rounding.
Computed at estimated rates after proposed legislative changes.
Source: U. S. Department of Commerce, Office of Business Economics.
The effective date of April 1 is to be achieved by the application of three-quarters of the rate increase against the
whole year's earnings, thereby affecting the estimates of
tax liabilities for all quarters of the year. This provision,
as well as a reduction in the excess profits credit (effective
next January 1), will mean a further rise in the tax burden
at the beginning of next year.
Industrial pattern oj second quarter profits
In terms of book profits before taxes unadjusted for
seasonal variations (table 3), the first to second quarter
drop was concentrated in manufacturing and trade, with a
sizable seasonal increase occurring in transportation. Within
the large manufacturing industry, declines were pronounced
in the nondurable goods industries, notably in food, textiles,
apparel, and chemicals. Among the durable goods industries, electrical machinery experienced a sharp drop; stone,
clay and glass improved, and the remaining groups held
about even or advanced moderately.
(Continued on page 14)
by Samuel Pizer
Income on International Investments
of the United States
X HE amount of income received from United States
investments abroad rose in 1950, continuing the strong expansion which began in 1946. Income received from
abroad in 1950 amounted to $1,743 million, exclusive of
undistributed earnings of $443 million by United Statescontrolled foreign companies. The income received by
foreigners from investments in this country was $437 million,
exclusive of undistributed earnings of about $170 million by
foreign controlled enterprises in the United States.1
Growth of Income Receipts
Income receipts from investments abroad in 1950 were 24
percent above 1949 and were nearly double the prewar high
for 1929. However, this comparison makes no allowance for
large increases in price levels and changes in other international accounts in the last two decades. For instance,
in 1929 foreign countries used about 17 percent of the dollar
proceeds of their exports of goods and services to the United
States to cover income remittances to the United States,
while in 1950 such remittances used only about 15 percent.
By far the largest part of the growth in income receipts
since 1946 has come from the expansion of American direct
investments abroad (chart 1). These foreign operations
produced increasing quantities of vitally necessary materials
in a period when, except for a temporary setback in 1949,
world demand was pushing prices of commodities steadily
upward. Both increasing output and rising prices were
important in 1950, although there was also in that year a
tendency to pay out a larger proportion of earnings, and, in
a few important cases, to pay dividends out of earnings of
prior years.
Direct investments accounted for 84 percent of the 1950
income receipts while the return on private portfolio investments was only $165 million, or less than 10 percent of the
total, with United States Government income making up the
remainder. This compares with a proportion of about 50
percent for portfolio income in 1929.
Although the value of direct investments has moved up
to 70 percent of private long-term foreign investments, this
fact was of lesser importance in accounting for the larger
share of direct-investment income than the higher rates of
return realized on these investments since 1946. From
about 6 percent of book value in 1929, the earnings on direct
investments went to about 15 percent in 1950. This latter
figure is much closer to earnings
rates in the United States
than was the case in 1929.2 On the other hand, the return
NOTE- MR. PIZER IS A MEMBER OF THE BALANCE OF PAYMENTS
DIVISION, OFFICE OF BUSINESS ECONOMICS. MR. FREDERICK CUTLER
OF THAT DIVISION CONTRIBUTED MATERIALLY TO THE SECTIONS ON
DIRECT INVESTMENTS.
1 For definitions of terms see the technical note at the end of the article.
2 Such calculated rates of return are subject to some statistical and conceptual difficulties,
but the figures cited can be taken as illustrative of the change which has occurred.
on private portfolio investments, which was about the same
as for direct investments in 1929, about 6 percent, was
down to about 3 percent in 1950. This, in part, reflects the
lower interest rate structure today, but also the results of
defaults, retirements, and refunding operations which
scaled down the interest rates on outstanding obligations.
In 1950 the rate of return on all United States-controlled
manufacturing investments abroad was about 16 percent,
which was about the same as the rate of return for domestic
manufacturing enterprises, excluding petroleum and automotive products.3 Of course, the industrial composition of
Table 1.—United States Income on International Investments,
by Type, 1946-50
[Millions of dollars]
1947
1948
1949
810
1,146
1,375
1,405
1,743
789
1,080
1,070
1,273
1,260
1,111
1,307
1,296
1,148
1,634
1,624
1, 469
420
32
659
61
88
13
102
505
35
608
60
88
11
98
656
35
778
69
86
10
109
1946
Type
1950
Receipts
Total balance-of-payments income receipts
Private
Long-term
__
Dividends
Interest
Branch profits
_ _ _
Dollar bonds
Other long-term investments
Short-term investments
United States Government
784
636
268
38
330
65
83
5
21
Undistributed earnings of direct-investment
subsidiaries
_._
_ . _
.
303
387
581
436
443
Total earnings on United States investments
abroad,
1,113
1,533
1,956
1,841
2,186
216
249
284
353
437
201
201
76
51
1
24
125
103
22
15
233
233
84
45
1
38
149
116
33
16
267
267
109
56
1
52
158
138
20
17
328
328
159
76
2
81
169
148
21
25
406
406
196
110
12
74
210
190
20
31
37
90
156
143
172
253
339
440
496
609
Direct investments
924
379
34
511
58
88
10
66
Payments
Total balance-of-payments income payments
Private
Long-term *
Direct investments... _
Dividends
Interest
Branch profits _ _ .
._.Other long-term investments
Dividends
Interest
United States Government _
__ _ _
Undistributed earnings of
subsidiaries
direct-investment
Total earnings on foreign investments in the
United States
i Payments on private short-term obligations were negligible.
Source: U. S. Department of Commerce, Office of Business Economics.
manufacturing companies in the United States and abroad
differs greatly, but nearly half of the industry subgroups
under manufacturing in the United States had higher rates
of return than the average rate on all United States-controlled manufacturing enterprises abroad.
3 Source for data on rates of return for United States industry is the National City Bank
of New York monthly letter for April 1951.
8
SURVEY OF CURRENT BUSINESS
An important factor in the increased earnings of direct
investments was the shift in industrial composition from a
high proportion, about 22 percent, of public utility holdings
in the 1920's to a heavy concentration of investments in
petroleum and manufacturing enterprises. These latter
industries, in contrast to public utilities whose rates are
closely regulated, shared more prominently both here and
abroad in the world-wide expansion of demand for their
products.
Government income due to increase
Interest received by the United States Government on
foreign credits mounted from $15 million in 1946 to $109
million in 1950, and is scheduled to become considerably
greater as interest payments come due on some of the larger
postwar credits. The annual average amount of interest
due to the United States Government on foreign credits now
outstanding is about $170 million for the 1950 decade, or
about $40 million more than the annual average received
during the 1920's on the World War I loans.
October 1951
Earnings of mining and smelting enterprises fell off sharply
in 1949 and then recovered to a record amount in 1950,
reflecting extreme sensitivity to developments in the United
States market. These enterprises are largely centered in
the Western Hemisphere and showed very little tendency to
expand 'after the war until 1950. The proportion of earnings
Chart 1
Income received from foreign investments
expanded markedly from 1946 to 1950.
BILLION DOLLARS
BILLION DOLLARS
2.5
12.5
U. S. GOVERNMENT INCOME
Ijijjiijijllj OTHER PRIVATE INCOME
DIRECT INVESTMENT INCOME
2.0
2.0
7.5
1.5
Most direct-investment earnings plowed back
Over the five-year period 1946-50, American direct investments abroad earned $7.5 billion (including interest payments
to parent companies of $174 million), but about half of this
was retained abroad for investment. As shown in chart 2,
earnings exceeded additions to investment in every year, and
in 1950 capital additions actually fell off although earnings
rose to record heights. The disposition of earnings can be
accounted for as follows: (a) foreign-incorporated subsidiaries of United States companies earned $4.6 billion in the
1946-50 period, of which $2.4 billion was paid out as dividends and interest to parent companies and the remainder
reinvested, and (b) branch profits totaled $2.9 billion, of
which about 55 percent was retained abroad, in the aggregate.
Thus, out of total additions of $5.2 billion to direct investments abroad in 1946-50, about $3.8 billion came out of retained earnings and the remainder represented new investments of United States funds.
Results by industries
Most of the sharp rise in income receipts in 1950, as
shown in table 3, was the result of very high income in the
petroleum industry. However, income receipts from petroleum enterprises rose more sharply than earnings, indicating a decline in capital investment abroad from reinvested
earnings by this industry. Moreover, capital outflows from
the parent companies in the United States declined by an
even larger amount.
Income from direct investments in other industries in
1950 did not gain so much as income in the petroleum industry; however, for these industries earnings rose more than
income remittances to the United States. American investments in manufacturing enterprises abroad are about as
important as petroleum enterprises so far as earnings are
concerned. In 1946-50, earnings of manufacturing enterprises amounted to $2.5 billion as compared with $2.6 billion
for petroleum. The earnings of manufacturing enterprises
were more stable in this period than those of other direct
investments abroad, as shown in chart 2, and did not decline
in 1949, in contrast to earnings of the petroleum and mining
industries. More than half the earnings and income receipts
from manufacturing enterprises abroad originated in Canada,
with the countries of Western Europe and Latin America
accounting for most of the remainder.
i
l
l
l
1.0
1.0
1946
1947
1948
1950
1949
The increase in earnings of direct-investment
companies reflected growing investments . . .
BILLION DOLLARS
BILLION DOLLARS
15
VALUE OF DIRECT INVESTMENT,
BEGINNING OF YEAR
(LEFT SCALE)
10
ANNUAL EARNINGS
(RIGHT SCALE)
I
I
and rising rates of return for the period
as a whole.
PERCENT
PERCENT
30
30
PETROLEUM
20
20
10
fr-
\
10
INDUSTRIES OTHER THAN PETROLEUM
I
1946
I
1947
1948
1949
1950
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
51 - 211
SURVEY OF CURRENT BUSINESS
October 1951
9
ments. Income from these areas rose sharply, therefore, as
the petroleum industry utilized large postwar additions to
its capacity and output moved upward. Present indications
are that petroleum earnings in these areas, largely the
Middle East, will rise further as the demand for petroleum
in areas serviced by the Middle East fields continues to press
against the available output, although requirements to pay
larger local royalties and taxes will cut into the increase.
reinvested by subsidiaries in Canada was quite low prior to
1950 and then moved upward, when as shown in chart 2,
an increase in capital investment in mining got under way.
However some of the principal projects being developed are
not yet in the income-producing stage. Earnings from foreign direct investments in other industries have not been
very large and have increased only gradually.
Income on Investments by Area
Government income large from ERP countries
Nearly 40 percent of the income received from abroad in
the 1946-50 period originated in the Latin American Republics, very largely from direct investments (table 2). Increased income from Latin America was responsible for about
one-third of the total rise in income receipts in this period.
However, while income from every other area increased in
each year after the war, income from Latin America showed a
severe setback in 1949 as metal and petroleum earnings fell
off. In 1950 there was a striking reversal of this situation
and of the increase of about $340 million in income received
from all areas in 1950, $240 million came from Latin America,
chiefly from additional earnings of the petroleum industry.
As shown in table 4, Venezuela has accounted for an increasing share of income from Latin America.
Second in importance in income receipts was Canada,
accounting for 26 percent of the total received in the 194650 period. Although direct investments also dominated
income receipts from that country, there were substantial
amounts of income received on American holdings of Canadian securities denominated in both United States and
Canadian dollars. However, income from these portfolio
investments remained stable while direct-investment income,
largely from manufacturing, more than doubled from 1946
to 1950.
Income receipts from the countries grouped under "other
foreign countries" and from the dependencies of the ERP
countries are derived very largely from petroleum invest-
A leading feature of income receipts from the ERP countries in 1946-50 was the expansion of interest payments on
United States Government credits. Interest receipts on such
credits rose from $14 million in 1946 to $78 million in 1950
(table 2), while the increase in direct-investment income was
comparatively small. The United Kingdom was the source
of most of the direct-investment income, which consisted
largely of returns on investments in manufacturing enterprises. By far the largest amounts of interest on United
States Government credits were paid by France on credits
extended soon after the war's end. However, beginning with
1951, when interest on loans to Britain becomes due, the
total interest obligation of ERP countries will rise to $160$165 million annually for the next few years.
Income Payments on Foreign Investments
in the United States
The amount of income paid on foreign investments here is,
of course, far less than the amount received, and has been
less since the first World War. As shown in table 1, the
excess of receipts rose from about $600 million in 1946 to
over $1.3 billion in 1950, although the increase in payments
was proportionally about the same as the increase in receipts.
Table 2.—Investment Income Receipts and Payments, by Area, 1946^50
Receipts Payments
Net
Receipts Payments
Receipts Payments
Net
1950
1949
1948
1947
1946
Net
Receipts Payments
Net
Receipts Payments
Net
Total, all areas
Direct—.
Other private
U. S. Government.
810
636
153
21
216
76
125
15
-f594
+560
+28
+6
1,146
924
156
66
249
84
149
16
+897
+840
+7
+50
1,375
1,111
162
102
284
109
158
17
+1,091
+1, 002
+4
+85
1,405
1,148
159
98
353
159
169
25
+1,052
+989
—10
+73
1,743
1,469
165
109
437
196
210
31
+1,306
+1, 273
—45
+78
Canada
Direct
__
Other private
_—
U. S. Government
248
148
100
(i)
44
25
15
4
+204
+123
+85
tlj
302
203
99
(i)
32
11
19
2
+270
+192
+80
—2
319
223
94
2
54
25
25
4
+265
+198
+69
—2
387
295
92
(i)
66
39
20
7
+321
+256
+72
—7
406
305
101
(i)
76
39
27
10
+330
+266
+74
—10
Latin American Republics
Direct
_._ _ .
Other private
U. S, Government
334
314
15
5
10
1
8
1
+324
+313
+7
+4
477
451
17
9
11
1
9
1
+466
+450
+8
+8
556
525
19
12
12
1
10
1
+544
+524
+9
+11
455
425
18
12
11
+444
+425
+9
+10
696
664
18
14
14
9
2
12
2
+682
+664
+6
+12
ERP countries .
Direct
Other private
U. S. Government
107
64
29
14
146
49
94
3
—39
+15
—65
+11
153
80
30
43
183
71
110
2
—30
+9
4*0
+41
195
93
32
70
196
82
111
3
—1
+11
-79
+67
202
97
32
73
252
118
130
4
—50
—21
-98
+69
216
108
30
78
322
155
160
7
—108
—47
—130
+71
20
20
2
+18
+20
—2
32
32
3
+29
+32
-2
—1
75
73
2
78
77
2
+76
+77
—2
+1
90
90
3
2
+73
+73
o
+2
2
2
1
U
1
+10
10
2
+8
11
2
1
1
+9
-1
+1
+9
+87
+90
-2
—1
+12
-l
+2
+11
14
1
7
6
+251
+253
+1
-3
316
302
8
6
14
1
9
4
6
+1
6
7
—1
6
Q
+7
—6
7
+6
—7
ERP dependencies.
Direct-Other private
U. S. Government
_
Other Europe
Direct
_._ _ .
Other private
U. S, Government
4
1
3
Other foreign countries
Direct- Other private
U. S. Government
97
89
6
2
International institutions
Direct
Other private
U. S. Government
l Less than $500,000.
966814°—51
2
2
(i)
0
+4
+1
+3
w
14
1
6
7
+83
+88
-5
(i)
(l)
W
3
8
171
158
7
6
(l)
" I
(l)
+2
+8
(l)
2
8
(i)
(i)
(i)
2
+8
1
(i)
2
9
15
1
8
6
+156
+157
213
197
8
8
13
1
8
4
+200
+196
+4
265
254
8
3
4
—4
7
5
+2
7
5
+7
—5
7
4
4
Source: U. S. Department of Commerce, Office of Business Economics.
2
7
(i)
U
(l)
(i)
(i)
2
1
13
2
11
(i)
(i)
1
1
+302
+301
—1
+2
SUEVEY OF CUKEENT BUSINESS
10
Moreover, the gap will probably continue to grow as United
States investments abroad continue in much larger amounts
than foreign investments in the United States.
DIRECT-INVESTMENT EARNINGS,
INCOME, AND ADDITIONS
TO INVESTMENTS
BILLION DOLLARS
2.01
TOTAL EARNINGS
NET ADDITIONS TO
INVESTMENTS
1.0
7946
1947
1950
1949
1948
BY INDUSTRY
1.0
MANUFACTURING
PETROLEUM
Expansion of foreign direct investments financed
by earnings
0
1.0
MINING AND SMELTING
Foreign-controlled companies operating in the United
States depended almost entirely on earnings in the United
States as a source of funds for expansion in the 1946-50
period. Total earnings of these companies for the period are
estimated at $1.2 billion. About half of this amount was
paid out as dividends and branch profits, while $600 million
was retained here by the American subsidiaries of foreign
companies. In addition, about $150 million of the branch
profits was added to the value of United States branches of
foreign companies, primarily insurance companies, by the
retention of these earnings in the United States. There
were only a few minor instances of new foreign capital
flowing to the United States; what appears in the United
States balance of payments as capital movements to the
United States from foreign parent companies was largely
the branch earnings mentioned above. These are reflected
in the balance of payments as current income payments,
and as capital inflows to the extent they are not actually
transferred abroad.
OTHER INDUSTRIES
.5
BY AREA
to
CANADA
LATIN AMERICAN REPUBLICS
MIDDLE EAST
OTHER AREAS
0
1.0
Income payments mostly on portfolio
investments
In contrast with United States investments abroad, foreign
investors in the United States have concentrated on portfolio investments, so that of total payments abroad in the
1946-50 period of $1.5 billion, over $800 million was on
private portfolio investments, about $100 million was paid
on long- and short-term United States Government obligations, and somewhat over $600 million was derived from
American enterprises controlled abroad.
Dividends paid abroad on foreign portfolio investments in
United States corporate stocks accounted for nearly half of
all income payments from 1946 to 1950 (table 1). Fluctuations in these payments are closely related to the dividend
policies followed by American corporations. Much of the
explanation for the continued increase in income payments
to foreigners since 1946, and particularly the sharp rise in
1950, rests on this factor. Tabulations of dividends paid to
foreigners in the 1946-50 period have shown that in each
year payments abroad have risen at a somewhat higher rate
than all United States dividend payments in spite of some
reduction in foreign holdings of United States corporate
stocks. This suggests that foreign holdings are centered in
stock issues on which dividend rates have risen relatively
sharply in recent years.
Interest payments by the United States Government are
comparatively minor and result from a tendency by foreign
governments and central banks to invest dollar reserves in
interest-bearing securities rather than to hold them in the
form of demand deposits or gold, which yield no income.
Interest payments on foreign holdings of United States
corporate bonds jumped for a year or two after the war as
payments in arrears were made up, but then settled down to
small annual amounts.
Chart 2
1.5
October 1951
Insurance companies lead in branch profits
1946
47
48
49
50
1946 47
48
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
49
50
5l~2lO
The insurance field is one of the few segments of American
business in which foreign companies have a position of some
significance. The largest operations of these companies
are through United States branches rather than subsidiaries,
primarily in the field of fire and marine underwriting. In
this field foreign insurance companies accounted for about 15
percent of net premiums written in recent years. Out of
SURVEY OF CURRENT BUSINESS
October 1951
total estimated branch profits of $270 million for 1946-50,
insurance companies were responsible for considerably more
than half. In addition, United States subsidiaries of
foreign insurance companies earned about $65 million in
1946-50, of which less than half was paid out in dividends.
In the aggregate, foreign-controlled insurance enterprises
earned about $255 million in 1946-50, more than enough to
finance an increase in their value of $205 million for the
period. However, British companies, which are preeminent
in this field, accounted for about $200 million of the earnings
but only about $125 million of the increase in value. Most
of the difference between these figures is accounted for by
payments of $46 million out of earnings in this period to
the Reconstruction Finance Corporation as repayments on
an outstanding loan to the British Government. However,
in addition, British companies withdrew a sizable proportion
of their earnings, while other insurance companies, principally Continental European and Canadian, added to their
investment an amount equal to their earnings plus about $30
million of new funds.
Table 3.—Direct-Investment Income Receipts by Area and
Industry, 1946-1950
VI
o.2
PM
Miscellaneous
Petroleum
Mining and
smelting
K*
Agriculture
j-io3
Distribution
Area
Manufacturing
I
[In millions of dollars]
"*
I
- 1946
1947
1948
1949
1950
156
230
248
301
328
48
84
84
93
97
74
94
89
80
98
68
107
129
88
112
204
323
472
487
705
45
43
31
39
45
41
43
58
60
84
636
924
1,111
1,148
1,469
1946
1947
1948
1949
1950
80
106
123
179
181
9
23
16
29
27
0)
0)
0
2
2
23
26
34
29
33
5
6
8
11
12
15
21
12
18
11
16
21
30
27
39
148
203
223
295
305
Latin American Republics
1946
1947
1948
1949
1950
33
60
50
35
54
21
32
33
24
36
61
80
80
68
90
43
74
84
44
64
115
172
243
217
362
30
22
19
21
33
11
11
16
16
25
314
451
525
425
664
ERP countries
1946
1947
1948
1949
1950
37
47
51
60
68
12
17
18
19
21
8
6
5
10
11
64
80
93
97
108
Total, all areas _
_
._
Canada
ERP dependencies
Other foreign countries. _ . _
1946
1947
1948
1949
1950
1946
1947
1948
1949
1950
(i)
0)
1
0)
1
1
7
10
18
8
7 "(T)"
2
2
1
2
5
7
3
1
1
1
1
5
6
7
12
9
17
22
58
54
68
0)
0)
0)
0)
(i)
1
1
1
3
20
32
73
77
90
6
17
23
25
23
5
10
12
14
10
12
13
8
9
1
1
1
3
3
5
60
113
145
197
256
(1)
0)
C1)
0)
1
6
4
6
6
6
90
158
197
254
302
(i)
0)
1
(i)
i Less than $500,000.
Source: U. S. Department of Commerce, Office of Business Economics.
Insurance earnings are affected not only by returns on
underwriting and investments, but also by unrealized gains
and losses on their holdings of securities. The generally
rising security market in the United States since 1945 is,
therefore, partly responsible for substantial insurance company earnings.
Direct investments concentrated
Foreign-controlled enterprises operating in the United
States, other than insurance companies, had earnings of
about $940 million in the 1946-50 period, out of which was
derived nearly all of the $570 million added to the foreign
equity in these enterprises. Over this period United States
subsidiaries of foreign companies, except insurance com
11
panies, reinvested 63 percent of their earnings, or nearly
the same proportion as all United States corporations, which
retained about 60 percent of earnings. About 40 percent of
the additions to investment were in enterprises in the petroleum industry in the United States, and a somewhat smaller
proportion went into companies producing alcoholic beverages. A few large companies, mainly in these industries,
accounted for a very large part of the total earnings and
income payments of foreign direct investments in the United
States. For example, 64 percent of all dividend payments
abroad by direct-investment companies in the years 1946-50
were made by eight companies.
Most income payments go to Western Europe
Foreign investments in the United States at present
represent largely a remainder of the past foreign investment
activities of Western European countries, principally England, Switzerland, and the Netherlands. Only in the case
of the ERP countries, as shown in table 2, do outpayments
from the United States exceed receipts by any substantial
margin. However, this favorable balance for ERP countries
will be reduced with the assumption of the full interest
burden on United States Government credits and the
increased earnings to be expected from growing United
States direct investments in those countries.
Next in importance to the ERP countries, which received
over 70 percent of all income payments from the United
States, was Canada with about 18 percent. Most of the
income paid to Canada was by Canadian-controlled companies in the United States. However, although payments to
Canada are fairly substantial, they were equal to only
about 16 percent of United States income receipts from
Canada in the 1946-50 period.
Investment Income in the United States
Balance of International Payments
In the preceding discussion investment income receipts
and payments have been almost entirely abstracted from
the general pattern of the United States balance of payments,
but a few of the interrelationships between investment
income and other items in the balance of payments can be
examined with the data now available.
On a quantitative basis, income receipts have accounted
for 7.7 percent of all United States balance-of-payments
receipts on current account for the 1946-50 period as a whole.
However, the amount of income received has increased in
each year while total current account receipts fell off after
1947, so that the proportion of income receipts to total
receipts rose from 5.4 percent in 1946 to 11.8 percent in
1950. In the years since 1947 income receipts have been
the largest receipts item in the current account of the United
States except merchandise exports.
The earnings of American direct investments abroad followed the course of United States imports quite closely in
1946-50, especially from 1947 on. Earnings were more
quickly influenced by changes in United States imports than
income payments, since the latter are also affected by decisions as to the amount to be retained for reinvestment and
by exchange controls. This was particularly evident in 1949
when both imports and earnings fell off from the previous
year but income receipts rose somewhat as dividends paid
out went up.
Concurrent movements in earnings and United States imports from abroad are partly the direct outcome of the fact
that a considerable part cf the output of direct investments
abroad is sold in the United States. The exact amount of
SURVEY OF CURRENT BUSINESS
12
United States imports derived from these specific companies
cannot be determined, but imports of certain important
commodities from certain countries can be identified, with
reasonable accuracy, as coming from direct-investment
companies. On the basis of a necessarily rough calculation
of this kind, covering 21 important primary products, it
appears that about 25 percent of United States imports in
the 1946-50 period were derived from United States-controlled companies abroad.
However, although these sales to the United States were
very large, amounting to about $2.5 billion in 1950, they
probably accounted for only about 30 percent of the earnings of United States-controlled companies in that year.
This conclusion is derived from a limited analysis of the industrial composition of 1950 earnings of $1.9 billion along
the following lines.
Table 4.—Income Received From American Direct Investments in
Selected Countries, 1946—50
[In millions of dollars]
Area and country
1946
1947
1948
1949
1950
All areas
636
924
1 111
1, 148
1 469
Canada and Newfoundland
148
203
223
295
305
Latin American Republics, total
Argentina
„_ . _
_
Brazil - _
Chile
_
_ _ _
Colombia
Cuba
Mexico
Peru
Uruguay. _
..
_ _ _ _ _ _ _
Venezuela
Other Latin American Republics . __ __
Undistributed. __
_
_
_ _
314
21
30
31
4
33
21
8
2
102
60
2
451
37
38
44
6
52
42
9
4
153
63
3
525
20
38
56
10
55
38
12
3
228
62
3
425
7
49
35
18
44
13
13
3
161
77
5
664
64
3
2
2
1
2
46
1
80
3
4
4
4
3
2
58
2
93
10
4
4
5
3
5
58
4
97
9
2
4
2
2
3
70
4
1
108
16
2
8
3
2
5
62
8
2
20
1
2
32
1
6
73
1
8
5
77
1
11
16
90
1
14
ERP countries, total
Belgium
Denmark
_ ___
France
Portugal. _ _ - _ _ _ _ _ _ _ _ _ _ _ _ _
Sweden
Switzerland
United Kingdom
_
__
Other ERP countries
Undistributed
_
__
ERP dependencies, total
British West Indies
Malava and Hong Kong _ __ .
_._
Netherlands East Indies *
Netherlands West Indies and Surinam
Other ERP dependencies
Other foreign countries, total
Australia
China
_ _
_
_ __
Egypt"
India (including Burma, Ceylon, and Pakistan)
Republic of the Philippines
Indonesia *
_ _
Union of South Africa
Other foreign countries
Undistributed
_ _ _ _ _
(2)
(2)
%
76
43
18
69
34
14
4
324
69
5
(i)
8
9
4
21
7
52
12
37
10
65
90
7
11
158
8
10
3
197
10
8
3
254
9
-1
3
302
15
14
13
(i)
12
97
1
16
20
(i)
18
120
2
19
20
(i)
22
179
3
17
18
27
23
196
5
2
(i)
8
5
6
51
to identify them with any degree of accuracy among United
States imports. However, aside from large amounts of newsprint and other forest products shipped here by direct-investment companies in Canada, most of the output of these companies is undoubtedly sold in foreign markets. Out of earnings in 1950 of about $625 million by this industry, it is not
likely that more than $150 million resulted from sales in the
United States.
Direct investment companies in the petroleum industry
earned about $750 million in 1950, partly from sales t the
United States and partly from sales in foreign markets. The
oil sold in the United States was largely from Latin-American
fields, where costs of operation were somewhat higher than in
the Middle East fields which supplied chiefly foreign markets.
When an average rate of earnings per barrel of output for the
major American producers in Latin America is applied to
United States imports, the conclusion is that these sales to
the United States accounted for a relatively small proportion
of the $750 million of earnings, say about $175 million.
If the assumptions above are reasonable, only about $600
million out of total direct-investment earnings of $1.9 billion in 1950 were related directly to sales to the United
States. The fact that the remaining 70 percent of earnings
also responds to changes in United States imports reflects the
powerful impact of the United States economy on economic
activity in foreign countries.
An example of the interaction of earnings of foreign
investments and the general balance of payments position
of the United States is the experience of the petroleum
industry in 1949. In that year petroleum earnings abroad
were cut by 10 percent, although there was an increase of
about 15 percent in United States imports of petroleum,
largely from United States companies abroad. Foreign
countries, particularly Britain, experienced deep cuts in
their gold and dollar reserves resulting, from large deficits
with the United States in 1948 and the first half of 1949. To
stop these losses they restricted dollar imports, including
oil which is sold for dollars, and substituted nondollar
sources of supply as far as possible. Consequently, American companies abroad were forced to reduce output, and
the earnings of the companies were seriously affected.
Dollar flows originating in direct investments
abroad
—1
2
12 Netherlands East Indies entered under Indonesia in 1950.
Less than $500,000.
Source: U. S. Department of Commerce, Office of Business Economics.
Mining and smelting companies earned about $150 million
abroad in 1950. These companies produce nonferrous
metals primarily, and sell so large a part of their output in
the United States that it might be assumed for this purpose
that they derive their whole income from the United States
market. Similarly, the earnings of agricultural enterprises,
$105 million in 1950, may be assumed for this purpose to
derive entirely from sales of their products, largely sugar
and bananas, to the United States. Certain other industries
can be assumed to earn practically nothing from sales to the
United States. These would include public utilities, distribution facilities abroad, motion picture companies, insurance companies, banks, etc. The total earnings of these
enterprises in 1950 amounted to about $270 million.
Since United States-controlled manufacturing companies
abroad produce a great variety of products, it is not possible
October 1951
Another aspect of the foreign operations of direct investment companies which can be explored to some extent is
whether such operations produced more dollars through
sales to the United States and capital flows from the United
States than were required by the companies to finance their
purchases in the United States and to transfer their earnings
to the United States. This question must be limited to the
dollar flows which actually occurred in 1950, insofar as
they can be measured, leaving largely out of account the
indirect and longer-run effects on international transactions
of the activities of these companies, which cannot be handled
statistically. Also, for simplicity, all earnings and capital
movements are aggregated in the following discussion,
although it would be desirable to examine the companies
or industries separately since there are great differences
among them.
The relevant data for 1950 are as follows: the companies
produced about $2.5 billion in dollar exchange through sales
to the United States, as discussed above, and an additional
$400 million was provided by the outflow of new direct-investment capital from the United States, i. e., capital investment not stemming from undistributed earnings. Out
of this $2.9 billion, the companies remitted $1.1 billion in
income to the United States (derived by subtracting from
total earnings of $1.9 billion about $800 million retained
SURVEY OF CURRENT BUSINESS
October 1051
13
Table 5.—Reinvested Earnings of Foreign-Incorporated Subsidiaries as a Ratio of Earnings on Common Stock, 1946—50, by Area and Industry
[In millions of dollars]
1946
Area and industry
1947
Reinvested
earnings
Earnings on
common
stock
51.9
55.4
59. 1
42.9
387
213
102
72
774
404
143
227
216
136
10
70
45.1
49.5
46 1
37. 1
131
103
11
17
169
60
36
73
52.7
62.4
55.5
43.8
117
50
36
31
118
81
7
30
51.6
58.5
38.4
33.3
30
Reinvested
earnings
Earnings on
common
stock
All areas
Manufacturing
Petroleum
All other
303
161
60
82
584
291
102
191
Canada
Manufacturing
Petroleum
All other
98
67
5
26
Latin American Republics
Manufacturing ___ .
Petroleum
Allother
89
37
ERP countries
Manufacturing
Petroleum
All other
61
48
3
10
ERP dependencies
Manufacturing
Petroleum
All other
20
32
(i)
Other foreign countries
Manufacturing
Petroleum
Allother
21
1948
Ratio
Reinvested
earnings
Earnings on
common
stock
50.1
52.8
70.9
31 7
581
320
153
108
1,032
538
233
261
308
203
16
89
42.5
50.9
66 5
19. 1
213
170
22
21
223
85
53
85
52.7
59.5
66. 7
36.5
209
72
72
51
8
13
139
92
13
34
51.9
54.9
59.7
38. 2
Ratio
20
1
28
2
71.9
100.0
71 4
50 0
48
1
47
53
1
52
89.8
75.0
90 6
34
9
13
12
51
14
21
16
66.7
64 2
61.9
75.0
19
8
51
23
9
19
37.2
37.8
(i)
11
57.9
i Less than $500,000.
NOTE: Ratios are derived from unrounded data.
1950
1949
EarnReinings on
vested common
earnings' stock
Reinvested
earnings
Earnings on
common
stock
56.3
59.5
65.9
41 4
436
269
78
89
972
545
186
241
44.9
49.3
41.8
36 9
443
291
45
107
1,132
591
244
297
39.1
49.2
18.4
36 0
403
289
30
84
52 7
58.9
71 2
25.0
144
108
12
24
407
284
24
99
35.3
37.7
51 3
24.2
225
158
21
46
487
338
32
117
46.1
46.8
64 2
39.3
303
99
69.0
72.4
88. 7
48.6
147
71
232
89
-5
26
277
100
27.4
54.8
69
74
63.6
79.6
53.6
52.7
76
55
93
111
84
60
6
18
168
109
23
36
49.7
55 0
25.8
50 0
83
66
6
11
170
122
13
35
48.9
54.5
43.5
31.4
75
55
11
9
162
107
18
37
46.4
51.0
64.4
24.3
38
2
37
53 6
92.3
58 4
36
3
35
_2
73
4
61
8
49.1
73.2
56.8
-10
1
-8
—3
37
1
30
6
57.1
—1
72
3
64
5
37
16
5
16
86
38
23
25
43.0
42 1
21. 7
64.0
26
21
90
46
19
25
28.8
45.6
77
22
26
29
169
45
83
41
45.5
48.8
31.3
70.7
83
54
Ratio
37
39
— 12
17
Ratio
68.0
81
96
Ratio
27.1
source: U. S. Department of Commerce, Office of Business Economics.
abroad by branches and subsidiaries) and paid somewhat
under $100 million in fees and royalties to the parent companies. This would leave a margin of about $1.7 billion for
purchases of capital goods, raw materials, etc., in the
United States.
The difficulty of identifying those exports from the United
States which were purchased by specific foreign companies
is so great as to preclude any categorical statement as to
whether such exports were less than $1.7 billion. However,
an examination of the export data by country for a large
number of commodities, particularly metal manufactures
and various types of machinery, equipment and parts, indicates that exports to direct-investment companies were
probably not more than $1.5 billion. It seems likely, therefore, that direct investments provided somewhat more dollars to foreign countries in 1950 than were required to
service them.
Although direct investments abroad probably represented
a dollar gain for foreign countries in 1950 measured in this
limited way, there are other aspects of the growth of direct
investments which have an important effect on the balance
of payments position of the United States and foreign countries but are not readily measurable. For instance, the contribution to industrial activity abroad by direct investments
would be of basic importance even if the dollar costs were
large. Furthermore, the dollars contributed to foreign
countries by direct investments can be measured only in part
by the sales of those enterprises to the United States; in addition, exports to the United States of other foreign enterprises may depend on the existence of direct investments, or
the products of direct-investment companies may substitute
for imports from the United States and thus save dollars.
ments to the United States from that country. The same
would be true of Latin America as a whole, where dollars are
realized not only from the sale to the United States of petroleum, nonferrous metals, sugar, and other products by United
States controlled companies, but also from the sale of petroleum and possibly other products to third countries for
United States dollars. Of course, some Latin American
countries are much better situated in this regard than others.
On the other hand, the ERP countries make large net
dollar payments as a result of the operations of United States
direct-investment companies. These companies in Europe
probably produce few products which are sold in the United
States, although they may export to other areas against dollar payment. In 1950 ERP countries had to finance about
$100 million of direct-investment income payments to the
United States, but also had to pay out much larger amounts
of dollars to buy oil, metals, and other products of directinvestment enterprises located in other areas.
However, although the ERP countries paid out dollars,
on balance, to United States direct-investment companies
in 1950, the factors of increased industrial productivity and
dollar savings mentioned above must also be taken into
account. For instance, the fact that Venezuela earns dollars from oil shipped to the United Kingdom means also that
the United Kingdom can earn dollars by selling to Venezuela goods in which it has a competitive advantage over the
United States. If the United Kingdom had to purchase the
same amount of oil in the United States, it is doubtful if as
large an amount of dollars could be recovered through exports
to the United States.
Transfer difficulties
The definitions of some terms used in this article are as
follows:
Direct investments.—Enterprises in one country controlled
by investors in another country or in the management of
which foreign investors have an important voice; these are
usually branch establishments or corporations in which a
foreign parent company owns 25 percent or more of the
voting stock. Holdings of United States residents other
vary by area
For individual countries or areas, there are considerable
differences in the importance of the problem of transferring
income. In the case of Canada, for instance, more than
enough United States dollars are realized from the sale in
the United States of newsprint, other forest products and
nonferrous metals produced by American-controlled companies to cover all direct-investment income and other pay-
TECHNICAL NOTE
SURVEY OF CURRENT BUSINESS
14
than those of the controlling interest are also included in
the value of direct investments abroad; similarly all foreign
interests in foreign direct investments in the United States
are counted as part of the direct investment.
Portfolio investments.—All other private long-term investments, including, for convenience, miscellaneous holdings
such as interests in trusts and estates or bank loans.
Earnings.—Net income of direct-investment branches and
subsidiaries after payment of all taxes (except withholding
taxes on dividends) in the country of operation.
Income.—The amount entered in the balance-of-payments
current account, which is the sum of interest and dividends
for portfolio investments and dividends, interest, and branch
profits for direct investments. Income from direct-investment companies excludes undistributed profits of subsidiaries which are included in earnings, and all income is taken
after the payment of any foreign taxes thereon.
Kate of return.—On direct investments, the ratio of earnings during a year to the book value of investment as reflected on the books of the foreign enterprise at the beginning of the same year. The rate of return on portfolio investments is the ratio of income received to the market value of
securities and face or stated value of other components.
Additions to value of direct investments,—The estimated
net addition to capital investment through capital movements primarily from the parent company, and through the
reinvestment of earnings. In the case of branches the net
addition cannot be allocated between these two sources as
accurately, as for subsidiaries, due to the nature of the accounts for branches, which reflect only the net change in
book value without indicating specifically the source of the
funds employed. It is assumed that for branches the funds
October 1951
used to increase investment are from branch earnings up to
the amount of branch earnings, and any difference is assumed to result from capital movements with the home
office. However, the data have been developed only for
aggregate branch earnings and capital movements. An
estimate derived by calculating the "reinvested earnings"
for each enterprise separately and then adding these individual figures might yield quite different results.
Reinvested earnings.—In the case of subsidiaries, the
amount of earnings which is retained in the business, after
payment of taxes in the country of operation and of gross
dividends and interest, i. e., before any taxes on such distributions. However, to some extent this is a convention
since it is a common practice for dividends to be credited to
the intercompany books and not actually transferred in the
period in which declared, so that they are reinvested as
effectively as that part of earnings not paid out. In the case
of branches the designation "reinvested earnings" is less clear
cut since, as noted above, increases in book value in any
particular time period are considered to be derived from
earnings up to the total of earnings in that period only; increases in value in excess of earnings are considered to be
capital outflows from the home office and an increase in value
of less than the amount of earnings would be considered to
indicate a remittance of earnings to the home office to the
extent of the difference, but not greater than the earnings
for the period.
Data collected in the field of international investments are
not accurate enough to justify drawing conclusions from
changes of only a few million dollars in any of the components
shown in the tables, although the data are carried to millions
of dollars for arithmetic convenience.
National Income and Corporate Profits in the Second Quarter
(Continued from page 6)
In comparison with the second quarter of last year, profits
before taxes were substantially higher in almost every industry. Major exceptions were food and automobiles in the
manufacturing sector. In these two industries, falling profit
margins (the ratio of profits before taxes to sales) were
particularly evident despite larger sales. Increased sales
were general throughout manufacturing.
For manufacturing as a whole, profits on a before tax
basis were one-third larger than in the second quarter of
1950, reflecting a sales expansion of better than one-fifth
and an over-all improvement in profit margins. The industries showing better-than-average profit rises in comparison
Table 2.—Percentage Distribution of National Income, 1948-50 and
First Half of 1951
Table 3.—Corporate Profits Before Tax, by Major Industries,
Quarterly
Seasonally adjusted
Item
National income
Compensation of employees
Private
Government
Proprietors' and rental income
Corporate profits and inventory valuation
adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest
1948
1949
1950
1951
1st half 2d half
1st half
100.0
100.0
100.0
100.0
100.0
62.7
53.9
8.8
21.2
64.5
54.4
10.1
19.1
64.6
54.7
9.9
18.5
63.7
54.0
9.7
18.3
64.3
53.8
10.5
17.8
14.2
15.1
5.8
9.3
-.9
14.1
13.1
5.1
8.0
1.8
14.5
15.4
7.0
8.4
-.9
15.7
19.0
8.5
10.5
-3.2
15.8
17.9
10.7
7.2
-2.1
1.9
2.3
2.3
2.2
2.1
Source: U. S. Department of Commerce, Office of Business Economics.
with the June quarter of 1950 w^ere textiles, furniture, paper,
printing, petroleum, rubber, leather, machinery (except electrical) , transportation equipment except automobiles, metals
and miscellaneous. Each of these industries reported sizably
increased sales; and, with the single exception of transportation equipment, each demonstrated a better-than-average
improvement in profit margin.
In the public utility area, profits before taxes in the
second quarter were larger than in the same quarter a year
ago in all major industries—railroads, telephone and telegraph, and electric and gas. Increased sales reported by
all three groups were bolstered in their influence on profits
by improved margins in the telephone and telegraph industry
and partly offset by reduced margins in railroads and electric
power and gas.
[Millions of dollars]
19 50
1951
I
II
III
IV
I
7,466
9,448
11,801
12, 652
12,210
228
316
442
452
360
374
4,018
2, 165
1,853
5,251
3 066
2,185
6,761
3 7C6
3,055
7,801
4 409
3,392
7,437
4 065
3,372
7 017
3 947
3,070
Transportation
225
450
704
733
360
493
Communications and public utilities
566
550
529
602
709
591
2,429
2,881
3,365
3 064
3 344
2 928
All industries, total. _ _
Mining
Manufacturing
Durable-goods industries
N ond urable-goods industries
All other industries .
Source: U. S. Department of Commerce, Office of Business Economics.
II
11,403
i lew or
STATISTICAL SERIES
Revision of Business Sales, Orders, and Inventories
JL HE estimates of manufacturers7 sales, orders, and inventories and of wholesalers' and retailers' sales and inventories prepared by the Office of Business Economics are revised
annually to take into account
new comprehensive information
as it becomes available.1 The present revision is more extensive than usual in view of the scope of the new benchmark
materials which have become available in the past year.
For manufacturing, the estimates of sales, orders, and inventories were revised back to 1948 to incorporate the results
of the most recent Statistics of Income compilations of corporate tax returns by the Bureau of Internal Revenue. These
compilations which are made annually, but with a considerable time lag after receipt of returns, are now available for
1948.
The current revisions, however, reflect not only the
customary annual adjustment of the series to new universe totals, but also an important shift in industrial classification to the latest Standard Industrial Classification system which was adopted by the Bureau of Internal Revenue
in 1948.
For retail and wholesale trade, the estimates of sales and
inventories were revised back to 1939 to incorporate the most
recent census material. Prior to this revision the Office of
Business Economics estimates for this period were based on
extrapolations of the 1939 Census of Business. The completion of the 1948 Census of Business, the first since the 1939
census, made possible the incorporation of new universe
data into the OBE series which are now based on census
totals for 1939 and 1948, on interpolated figures for the intervening years, and on extrapolations thereafter.
The new estimates of total business sales are quite close to
the old series. The estimate of total business sales in 1948
was within one percent of the new benchmark aggregate for
that year with the largest deviation in wholesale trade. The
results for retail trade were particularly close, and the previously published figure for 1948 had to be revised by only
one-half of one percent, in spite of the lapse of nine years
since the preceding Census of Business. Business inventories
were revised downward by two and one-half percent in total,
with the largest deviation again in wholesale trade.
The sources of data and the procedures used in estimating
the manufacturing, retail and wholesale series have been2
described in previous issues of the Survey of Current Business.
The current revisions will be discussed separately for each
of these three major categories.
Manufacturing
The current revision of manufacturers 7 sales, orders, and
inventories goes back to 1948, and involves not only the
adjustment of the series to new bench-mark data for that
year but also the shift to the most recent Standard Industrial
Classification system. The new 1948 figures utilize the
sales and inventory aggregates compiled in Statistics of
NOTE.—THIS REPORT WAS PREPARED BY THE BUSINESS STRUCTURE
DIVISION, OFFICE OF BUSINESS ECONOMICS.
1
See the Survey of Current Business, October 1949 and October 1950.
2
Descriptions of the estimation procedures may be found in the following issues of the
Survey: Manufacturing, May 1948; retail trade, November 1943, February 1944, and June
1948; wholesale trade, August 1948. Subsequent revisions in methodology for all groups,
October 1949.
Income by the Bureau of Internal Revenue from corporate
tax returns.
The annual and monthly sales and inventory figures from
1949 forward as well as the 1948 monthly series are based
upon data reported by a sample of manufacturing companies. The revised figures presented in the following tables
reflect (1) the adjustment to the new 1948 totals and (2) the
reweighting of the reporting sample on the basis of the new
industry classifications and the 1948 size distribution of
manufacturing firms. Previously published figures from
1939 to 1947 remain unchanged.
Although bench mark data are not available for new and
unfilled orders, these series have also been revised. Under
the estimation procedure they are affected by changes in the
sales figures. Shifts of companies among the new industry
and size classes as well as enlargement of the reporting
sample have also modified previously compiled estimates.
Revision in estimates is small
Estimates of 1948 corporate sales and inventories, prepared last year as projections from 1947 bench marks, were
within 1 percent of the actual sales and 2 percent of inventories as indicated by the 1948 tax data. Notwithstanding
the effects of the reweighting of the sample data, the new
estimates of the 1950 sales and inventory totals were each
within 3 percent of the old. The revisions in the orders
figures were about the same as in sales.
It should be noted that unfilled orders of motor vehicle
producers have not heretofore been included in the orders
data since such figures generally had little meaning for this
industry under normal peacetime operations. However,
because of the current importance of defense contracts held
by this industry, companies have recently begun to report
such data which will be incorporated in the series starting
with the September 1951 estimates. The data presented in
the following table do not yet reflect the new data on backlogs of orders in this industry.
Industry classification
Whenever a new Statistics of Income benchmark is available, manufacturing companies are reclassified according to
their principal activity (and size) as of that year. These revisions in classification usually introduce rather minor discontinuities in the series for individual industries. However,
in 1948 in addition to this normal reclassification of companies, the adoption of new industry definitions in accordance
with the most recent Standard Industrial Classification results in some fairly important discontinuities in the series.
Thus the changes from 1947 to 1948 in the figures for a given
industry will reflect not only the operations of the body of
firms remaining in the same industry, and the usual births,
deaths, and changes in activity of existing firms, but also
the reassignment of companies into and out of an industry
on the basis of the new industry definitions adopted in 1948.
Data for 1948 are presented in the following tables on the
old basis (table 1) as well as on the new basis (table 2). The
main changes in definitions center in the metal-producing and
15
SURVEY OF CURRENT BUSINESS
16
metal-fabricating groups. Changes in the nondurable group
are extremely minor except that there is no longer a "miscellaneous" nondurable group.
The shift in industry classifications necessitated the derivation of new seasonal factors for some groups. In general
the resulting seasonal pattern for manufacturing as a whole
as well as for retail and wholesale trade is little changed.
Some modification occurs in the summer movements of
many manufacturing industries.
Retail Trade
The estimates of retail sales published by the Office oj Business
Economics series utilize the retail sales figures of the various
Censuses of Business as bench marks; interpolation between
Census years and extrapolation from the last Census bench
marks are based in large part on State sales tax collection
data, but employ all other pertinent information available,
including Bureau of Internal Revenue income-tax data
showing sales of corporate and noncorporate businesses by
kind of business and the tabulation of the reports from the
Bureau of the Census constant sample of retail stores corrected for changes in business population.
In general, the revisions effected a distribution over the
intercensal period 1939 to 1948 of the differences between
the census figures for 1948 and the earlier estimated values
for that year prepared by OBE. After 1948, extrapolation
procedures were used to carry forward the new census totals.
One difference, however, has been introduced into the
previous methods of interpolating and extrapolating retail
sales. In the present revision, the former geographical bias
arising from the fact that sales tax information was available
from a relatively small number of States has been corrected,
to some extent, by using an adjustment factor based on the
relation between the personal income payment figures
of the States reporting and total United States income
payments.
Size of revision
The superseded estimates of total sales for all retail stores
and for all durable and nondurable goods stores separately
come very close to the new census figures for 1948. The
over-all totals differed by less than half of one percent, while
the differences for the durable and nondurable goods groups
were 3 and 1 percent, respectively.
For the major trade groups, with the exception of eating
and drinking places and drug stores, the OBE estimates
differed from the Census totals by 4 percent or less. Greater
percentage deviations characterize a number of the minor
groups. However, even here much of the discrepancy may be
explained in terms of the differences in the Census classification of stores by kinds of business in 1948 from that used
in 1939.
For example, in the case of apparel stores, the totals are
very close but the same is not true of the apparel subgroups.
In this instance, it is found that certain important establishments were handled differently in 1948 than in 1939. In the
chain store field one large chain in which all stores were classified as men's wear in 1939 was for the most part included in
the family clothing group in 1948. Similarly in the general
merchandise group one large chain which was carried as a
department store chain in 1939 was classified as a variety
chain in 1948. This one chain in itself accounted for most of
the difference indicated in the department and variety
store groups.
In the durable goods lines also, part of the variation was
caused by differences in treatment of some of the store
groups. For example, certain chain organizations with
many stores selling primarily hard goods had all the sales
October 1951
of these stores credited to the "all other" group in 1939. In
1948, however, these stores were classified in the various
durable goods groups into which they fell. Since most of
these stores were put into the hardware group in 1948 but
not in 1939, it made it appear according to Census figures
that chain hardware stores had increased their sales by 1400
percent between 1939 and 1948. This also affected the
total hardware group but to a lesser extent.
Changes in classification such as this make it difficult
adequately to compare sales of a number of individual lines
in 1948 with those in 1939. Since the Census made no
tabulation of sales of stores with changed classification in
1948, there is no way of judging the exact extent to which
these influenced the final figures obtained. In many cases,
however, it appeared to be substantial.
Retail inventories
The classification and definitions used here are identical
with those of the 1939 and 1948 Census of Business, except
that stocks held by chain store warehouses, which are shown
as separate aggregates by the Bureau of the Census, are
included in the separate lines of trade presented below.
Retail inventories like other inventory book values in the
OBE's series are valued at cost and not at selling prices.
Since a retail store or establishment is classified by kind
of business according to the activity from which it derives
the principal part of its receipts, the series measures inventory changes by kinds of establishment rather than by
commodities.
The inventory coverage in the 1948 Census of Retail
Trade differed from sales where an attempt was made
to cover all establishments regardless of size. Inventory
values for all multi-unit stores and for single-unit stores
with annual sales of $100,000 or more were completely
enumerated, but inventory estimates for single-unit stores
with sales under $100,000 were based on a 10-percent sample
of such stores. The blown-up sample sales for the latter
group of single-unit stores were higher in most lines than
the universe figures obtained from the complete enumeration
of sales for this group. In order to preserve comparability
with the OBE's sales series which utilizes the enumerated
sales figures, the Census estimates of inventories in each
line of trade based on the blown-up sample were adjusted
by applying stock-sales ratios from the sample to enumerated
sales in each kind of business. This resulted in a 1.2 percent
downward adjustment in aggregate retail inventories.
The 1939 and 1948 censuses also contained information on
beginning-of-year inventories which provide reliable estimates for year-ends 1938 and 1947. In general the year-end
totals for 1940 through 1946 were determined by separate
estimates of corporate and noncorporate inventories. Statistics of Income data on corporate sales and inventories by
lines of trade for the years 1939 through 1948 (the lates
available year) were used to interpolate corporate sales for
the years between 1939 and 1948 and corporate inventories
for the years between 1939 and 1947. This procedure was
tested in 1948 and was found to closely correspond in both
direction and magnitude with the 1947-48 changes shown
in the census of 1948.
Estimates of noncorporate inventories in the 1944-46
period were based on tax returns to the Bureau of Internal
Revenue by partnerships and proprietorships. Noncorporate inventories for the years 1940 through 1943 were determined by multiplying noncorporate sales by noncorporate
inventory-sales ratios. Noncorporate sales were developed
by subtracting BIR corporate sales from the OBE's estimates
of total retail sales. Stock-sales ratios for 1939 and 1944
were interpolated by the ratios shown in the annual surveys of
independent stores conducted by the Bureau of the Census.
SUEVEY OF CUEKENT BUSINESS
October 1951
The derivation of the monthly estimates
in some detail in previous issues of the
Business. It may be noted, however,
changes have been introduced into the
extrapolation procedures.
has been discussed
Survey of Current
that some minor
interpolation and
17
classifications of wholesale trade set forth in the 1948
Census—with the exceptions noted below.
In the first place operations of corporate manufacturers'
sales branches and offices and of marketing stations of petroleum refiners have been excluded since sales and inventories
of these branches are covered in the Office of Business Economics manufacturing series. Secondly, in order to preserve
more meaningful stock-sales ratios, sales of agents and
brokers which were collected both on a total value of
goods sold and on a commission basis are included here on
the latter basis. It should also be noted that the present
series include in each year estimates of sales and stocks of
wholesalers' administrative office and auxiliary units, data
on which were collected for the first time in the 1948
Census.
The Census of Business divides wholesaling into five types
of operations: merchant wholesalers, manufacturers' sales
branches and offices, agents and brokers, assemblers (mainly
of farm products) and petroleum bulk stations. In the present series only the merchant wholesaler group is estimated on
a kind of business classification—while all other types are
estimated only by type of operation. It should be noted that
merchant wholesalers in 1948 (known as "service and limitedfunction wholesalers" in censuses prior to 1948) accounted
for 84 percent of all wholesale sales and over 91 percent of
the inventories held by all types of wholesalers. Since
sales and inventories of other types of wholesalers are
predominantly nondurable in character, they have been included in their entirety under the nondurable-goods category.
Summary of inventory differences
The present estimate of retail inventories in 1948 is about
$800 million higher than the superseded estimate for that
year. This 5 percent discrepancy was also found in 1947.
The comparable understatement for durable and nondurable
goods stores was, respectively, 7 and 3 percent in each year.
The greater difference in durable goods is in part due to a
shift to the hardware group of the hard goods outlets of
some chain and mail-order organizations formerly classified
in the " other retail stores" group in the two series. Although
the change in inventories between 1939 and 1948 was somewhat understated in the old series; the year-to-year changes
are quite close to those in the present estimates.
It should be pointed out, however, that the comparison
was not so favorable for some major groups. The largest
deviations other than those known to arise from classification
changes were a 12 percent understatement for the automotive group in 1947 and 11 percent understatements for the
apparel group in both 1947 and 1948.
Wholesale Trade
The present revisions of wholesalers' sales and inventories,
which go back to the beginning of 1939, entail adjustment of
these series not only to the 1948 Census of Business but also
to the 1939 Census of Business data which have been recast
by the Bureau of the Census to conform with the 1948
Census. Thus the revised series utilize the definitions and
The new and old series
The present inventory series is $1.6 billion lower than the
old series in 1948 and $125 million lower in the previous
census year 1939.
Table 1.—Manufacturers' Annual Sales and Inventories, 1939-48 1
[Millions of dollars]
Inventories 2
Sales
Industries
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
All manufacturing industries
61, 340 70,313 98, 069 125, 158 153,843 165, 387 154,481 151,402 191,010 211,560 11,516 12,873 17,024 19,348 20, 171 19,578 18, 457 24, 620 29, 032 31, 782
Durable goods industries. _
22, 454 28,736 44,307 59, 985 79,329 84, 481 72,504 57, 108 77, 618 87, 885
Iron, steel, and products
Nonferrous metals and products
Electrical machinery
Machinery, excluding electrical
Motor vehicles and equipment
Transportation equipment,
excluding motor vehicles- _ _
Lumber and basic lumber
products
Furniture and finished lumber products
Stone, clay and glass productsOther durable
Nondurable goods industries
6,079
7,678 11, 921 14, 563 16, 772 17, 795 16, 812 14, 202 19, 172 22, 188
1,726
1, 861
2,120
2,483
3,065
3,769
3,571
4,697
3,578
4,697
865
1,576
1,154
1,379
1,955
1,385
1,563
672
1,569
1,767
770
2,026
2,391
1,346
5,172
6,127
8,352 10, 127 10,844 10, 145
8,545 11,548 13,804 15, 232
1,543
1,741
1,956
2,197
2,167
2,057
2,117
2,455
2,830
3,345
5,946
9,024
389
412
421
509
492
824
512
1,027
625
1,106
573
1,069
625
854
847
1,495
900
1,787
963
1,807
7,390 10, 370 12, 286 12, 907 11, 640
9,824 13, 697 15, 658
1,038
1,234
1,750
2,144
2,028
2,026
1,854
2,578
3,201
3,585
6,530
6,624 11, 478 13, 662
525
621
923
1,199
1,428
1,405
1,106
1,449
1,782
2,006
3,914 10, 233 16, 054 16,015 11, 173
3,011
3, 042
3,818
263
524
1,073
1,727
2,191
1,751
751
830
1,006
946
2,399
2,624
2,452
2,322
3,344
4,790
5,541
262
256
279
232
219
230
213
381
512
665
2,300
2,428
1,775
2,506
2,499
2,837
2,698
2,456
3,203
2,692
2,509
3,145
3,382
3,176
3,183
4,017
3,927
3,564
4,205
4,473
3,370
282
294
164
311
320
190
369
379
307
349
344
396
337
339
404
329
324
381
348
312
365
513
410
591
628
518
640
646
612
657
38, 886 41,577 53,762 65, 173 74, 514 80, 906 81, 977 94, 294 113,391 123, 675
3,411
4,550
4,595
5,734
4,755
7,104
4,463
6,302
7,956 13, 422 15, 096 11,446
4,705
5,658
Food and kindred products. _ 11,253 11, 776 15, 047 19, 792 21, 295 22, 545 22, 309 26, 028
Beverages
1,842 1,987 2, 441 2,940 3,597 4,181 4,801 5,163
Textile mill products .
4,020 4,368 6,281 7,945 8,450 8,279 8,399 10, 762
Apparel and related products- 3,202 3,427 4,602 5,753 6,470 6,882 7,305 9,457
Leather and products
1,318 1,371 1,890 2,296 2,423 2,481 2,579 3,146
Paper and allied products — 1,785 2,064 2,836 2,965 3,389 3,629 3,725 4,467
Printing and publishing industries _
- _
2,512 2,679 2,906 3,054 3,543 3,950 4,365 5,450
Chemicals and allied products 4,339 4,858 6,546 7,271 8,809 10, 053 10, 126 10, 985
Rubber products
1,072 1,154 1,686 1,899 2,926 3,362 3,410 3,143
Petroleum and coal products- 5,266 5,520 6,622 7,446 8,454 9,789 9,946 10, 300
Tobacco manufactures
1,334 1,430 1,593 1,828 2,135 2,195 2,297 2,665
943 1,312 1,984 3,023 3,560 2,715 2,726
Other nondurable
_ __
943
5,633
8,299
6,344
6,746
8,672
9,221
9,327
9,433
9,912 13, 072 15, 228 16, 549
33, 090 34, 296
5,244 5,669
11,975 12, 841
9,954 10, 857
3,533 3,391
5,763 6,059
1,266
303
916
383
284
303
1,292
335
996
408
289
341
1,739
401
1,233
647
368
410
1,832
449
1,332
689
366
430
1,969
499
1, 204
668
329
388
1,899
546
1,223
663
337
384
1,874
603
1,321
727
370
434
2, 633
798
1,796
1,018
468
541
3,027
918
1,964
1,265
533
708
2,952
1,002
2,158
1,336
534
799
6,442 7,035
13, 698 14, 683
3,410 3,352
14, 686 19, 389
2,872 3,070
2,725 3,033
201
817
225
910
576
160
209
875
265
963
597
176
259
1,231
306
1,146
686
246
265
1,269
362
1,117
800
310
278
1,390
365
1,051
859
327
283
1,397
361
1,123
932
285
304
1,415
350
1,138
1,157
219
427
1,826
450
1,452
1,262
402
535
2,209
543
1,718
1,362
445
571
2,295
613
2,285
1,529
475
1 Data for individual industry groups for 1939-45 are not directly comparable with the corresponding figures for 1946 forward due to the reclassification of companies in 1946 according to
their2 postwar activities.
Book value as of end of period, unadjusted for seasonal variations. Figures do not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
966814°—51
3
SURVEY OF CURRENT BUSINESS
18
October 1951
Table 2.—Manufacturers' Sales and Inventories, 1948-50
1
[Millions of dollars]
X2
o
EH
is
.s
"S
£
coal
Rubber products
"cS
i-§
p
a
£
3
ft
Petroleum and
products
fl'o
ft
Chemicals and allied
products
"3a
Leather and products
S
•B
"o
Apparel and related
products
1
CQ
Textile mill products
OS'S
1
Beverages
w
Other including ordnance
r
*d
Professional and scientific instruments
*i
Nondurable-goods industries
Furniture and fixtures
Transportation equipment
excluding
motor vehicles
and
Motor vehicles
equipment
Machinery excluding
electrical
Electrical machinery
and equipment
1
e
Fabricated metal products
Year
Primary metals
Total manufacturing
Durable-goods industries
Sales
211, 560 91, 133 17, 153 10, 200 8,890 15, 731 13, 660 3,816 6,439 2,982 4,473 2,043 5,748 120, 427 34, 297 5,669 3,070 12, 840 10, 857 3,391 6,059 7,035 14. 366 19, 490 3,352
196, 067 84, 891 14, 786 9,175 8,406 14, 070 15,115 3,785 5,851 2,538 4,398 1,860 4,906 111, 176 32, 258 5,842 3,133 10, 589 9,482 3,002 5,447 7,037 13, 275 18, 074 3,037
228, 833 105, 477 19, 626 11, 601 10, 915 15, 951 18, 816 3,896 7,724 3,299 5,406 2,288 5,955 123, 356 33, 640 6,295 3,206 12, 711 9,557 3,387 6,669 7,447 15, 940 20, 201 4,302
1948
1949
1950
Inventories 2
1948
1949 .
1950
_
31, 782 15, 726 2, 364 1,711 1,788 3,573 2,006
28, 766 13, 796 2,191 1,442 1,447 3,135 1,726
33, 311 16, 202 2,395 1,678 1,863 3,614 2,103
946
790
901
816
735
848
412
388
539
612
572
656
478 1,019 16, 056 2,952 1,002 1,530 2,159 1,336
456
914 14, 970 2,867
990 1,562 1,914 1,110
504 1,101 17, 109 3,250 1,089 1,670 2,507 1,507
534
508
580
799
672
732
571 2,263 2,297
522 2,085 2,222
606 2,418 2,219
613
517
530
1 Data for individual industry groups for 1939-47, as previously published and shown in the preceding table, are not directly comparable with the figures for 1948 forward in this table, due
to the reclassification of companies in 1948 according to the new standard industrial classification system.
2 Book value as of end of period unadjusted for seasonal variations; figures do not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
About $575 million of the difference in 1948 arises from
the classification of tobacco stemming and drying and coffee
roasting and grinding as manufacturing rather than wholesaling. In addition, about $550 million of inventories held
by petroleum refiner-marketers was excluded in measuring
the revised series. On the other hand, the new series includes (and the old series excluded) about $75 million of
stocks held by administrative offices and auxiliary units.
Thus, after adjustment for changes in classification and
definition, the old series is reduced about $550 million—a
deviation of about 7 percent in the 8-year period.
With the exception of 1947, the changes in inventory book
values in the old series were quite close to those in the revised
series. It should also be noted that the discrepancy in 1947
was disclosed by Statistics of Income figures and corrected
in the national income and product statistics.
The revised series on wholesale sales in 1948 is $5.1 billion
lower than the old series. The major conceptual change was
the exclusion of $7.4 billion of sales by petroleum refinermarketer stations. An additional reduction is the reclassification into manufacturing of about $1.3 billion of sales by
tobacco stemming and drying and by coffee roasting and
drying establishments. After adjusting for these conceptual
changes, the new figures are about $3.5 billion—or almost
4 percent—higher than the old.
In both inventories and sales, however, the deviations in
some kinds of business were substantially greater proportionately than in the aggregate figures. This was especially true
in those areas not segregated in Statistics of Income data.
In general, it can be concluded that the BIR returns afford
a highly accurate means of measuring changes in aggregate
sales and inventories and in those areas where segregation
by kind of business is provided.
Methodology
The general methods of estimating sales and inventories
have changed very little from those described in the August
1948 and October 1949 issues of the Survey of Current Business. In brief, sales for 1939 and 1948 and inventories for
year-ends 1938, 1939, 1947 and 1948 are from the Censuses
of 1939 and 1948. Corporate sales and inventories for the
intercensal periods were interpolated annually by data from
the Statistics oj Income, Part 2. In aggregate, the latter
data indicate an increase of 154 percent in inventory book
values from 1939 to 1947 as against a census increase of 151
percent. The comparable sales increases from 1939 to 1948
are 245 and 275. A substantial part of the latter difference
stems from the changeover in 1942 from completely unconsplidated to partly consolidated returns to BIR. A correction was made in 1942 BIR sales for this inconsistency before
their utilization in the present series.
Table 3.—Manufacturers' Inventories by Stage of Fabrication,
1948-50
[Billions of dollars; not adjusted for seasonal variation]
Item
1948
Total manufacturing
Purchased materials
Goods-in-process _ _
Finished goods
Durable-goods industries..
Purchased materials
Goods-in-process
Finished goods.
_.
Nondurable-goods industries
Purchased materials
Goods-in-process- _ _
Finished goods
___
31.8
13.0
_
__
_
_
_ _ _ _ _
33.3
14.2
11.3
11 0
11 0
15.7
13.8
4 7
16.2
5 9
58
15.0
6 5
17.1
8 2
5.8
5.3
4.6
16.1
__
_
1950
28.8
11.0
7.5
___
1949
7.2
2.2
6.6
6.7
4.5
4.5
2.0
6.5
8.2
4.4
2.3
6.6
Details do not necessarily add to totals due to rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
Noncorporate inventories were extrapolated annually
back to 1944, and sales were extrapolated back to 1945 and
1947, by the 1945 and 1947 partnership and proprietorship
returns to BIR. Estimates of noncorporate sales and
inventories for other intercensal years were interpolated by
the corporate series within the same lines of trade—with an
allowance during the war years for the sizable shift toward
the noncorporate form of organization and in sales during
1946 for the large movement back to corporate status.
The monthly interpolation of the 1939-48 estimates of
sales and inventories, as well as the extrapolation of these
data after 1948, were with a few exceptions based ou the
monthly sample of wholesalers reporting to the Bureau of
the Census. An additional adjustment was made in the period
after 1948 to allow for the bias in a "constant firm" sample
arising out of changes in the business population.
SURVEY OF CURRENT BUSINESS
October 1951
19
Table 4.—Manufacturers' Sales and Inventories, Seasonally Adjusted, 1948-50 1
[Millions of dollars]
Petroleum and
products
974
1,059
1,150
858
1,169
866
1,292 1,051
1,222
952
1,165 1,091
302
313
283
287
279
284
508
508
504
495
481
511
564
557
568
578
579
598
1,178
1,206
1,180
1,244
1,203
1,243
1,523
1,564
1,572
1,582
1,580
1,628
259
253
258
274
262
287
254 1,047
990
266
984
258
953
247
967
277
265
946
896
865
865
832
948
847
269
283
283
291
252
260
492
519
539
521
496
486
594
609
618
579
592
594
1,198
1,193
1,201
1,170
1,180
1,177
1,643
1,676
1,686
1,679
1,677
1,686
316
316
303
281
277
267
414
405
500
488
537
561
255 856
260 1,044
890
268
901
263
864
271
865
260
823
822
846
842
810
796
226
246
248
253
258
272
461
449
450
420
406
425
589
591
597
592
580
588
1,141
1,156
1,126
1,104
1,114
1,116
1,494
1,491
1,518
1,498
1,462
1,466
250
241
250
247
239
256
2,612
2,646
2,651
2,671
2,616
2,544
536
570
491
439
438
468
252
273
265
250
267
251
791
856
915
900
906
897
761
778
767
757
724
744
236
270
265
254
231
242
402
462
506
496
496
476
550
572
584
606
568
615
1,057
1,104
1,133
1,084
1,092
1,047
1,452
1,546
1,560
1,517
1,581
1,495
262
285
268
252
244
242
371 8,823
426 9,247
450 9,551
480 9,442
478 10, 089
439 10, 225
2,399
2,614
2,673
2,672
2,826
2,787
413
413
499
486
572
614
893
262
257
930
935
258
960
247
271 1,016
268 1,030
747
755
726
727
752
764
236
257
264
250
284
305
481
491
512
472
510
536
592
625
617
596
616
608
1,119
1,167
1,242
1,203
1,313
1,310
1,419
1,469
1,538
1,543
1,610
1,655
262
270
290
287
319
348
498
533
545
556
554
578
2,994
2,978
2,862
2,006
2,869
3,092
600
709
508
486
453
545
277
284
253
274
280
270
1,094
1,257
1,188
1,151
1,132
1,172
894
915
751
854
848
826
303
335
308
308
262
279
532
615
605
632
641
649
607
638
628
632
654
628
1,348
1,461
1,413
1,448
1,441
1,468
1,730
1,867
1,852
1,836
1,866
1,831
452
454
402
402
397
420
£
*m
^H
i-§
•S&
cC
g
<
"8
£
13
S^2
03 0
iT
03
!
PH
Rubber products
3o
cs
coal
Chemicals and allied
products
|
02
Printing and publishing industries
oT
si*&
T3
£
Leather and products
&!
•s&
Textile mill products
^
03 "o
<a
3 «J
Tobacco manufactures
|S
T3 ^
1
T3
Beverages
§3
'g'S
-*
£"a
'M
Nondurable-goods industries
Other including ordnance
_W O>
Professional and scientific instruments
><
Furniture and fixtures
ment
excluding
motor vehicles
Motor vehicles and
equipment
Machinery
except
electrical
"o
e
Electrical machinery
and equipment
"cS
Fabricated metal products
Year and Month
Primary metals
Total manufacturing
Durable-goods industries
Sales
7,165
7,478
7,606
7,492
7, 367
7,629
1,282
1,300
1,370
1,400
1,392
1,409
882
879
858
922
842
805
688
731
718
714
714
735
1,283
1,312
1,363
1,336
1,286
1,353
1,051
1,100
1,152
1,023
1,063
1,132
258
296
294
288
287
328
527
522
528
525
507
558
237
242
275
259
254
272
340
345
3SO
350
366
368
156
181
186
191
183
175
459 9,929 2,889
570 9, 956 2,881
482 9,807 2,723
483 10, 433 2,864
474 10, 046 2,800
494 10, 404 2,871
434
418
430
500
449
470
239
248
255
266
239
256
17, 697
7,679
17, 970
17, 584
17, 836
17, 771
7,555
7,548
7,805
7,687
7,880
7,941
1,418
1,398
1,452
1,533
1,560
1,636
834
805
854
818
853
877
758
742
795
742
783
765
1,244
1,297
1,335
1,303
1,288
1,318
1,131
1,168
1,186
1,187
1,238
1,219
308
337
343
325
357
385
580
556
570
541
530
492
238
254
257
242
242
211
376
383
396
383
399
380
164
153
166
160
169
164
503 10, 142 2,923
454 10, 131 2,858
450 10, 165 2,914
452 9,897 2,889
462 9,957 2,834
495 9,830 2, 832
510
556
515
455
457
469
16, 733
17, 161
17, 031
16, 804
16, 379
16, 554
7,499
7,626
7,580
7,391
7,127
7,229
1,536
1,552
1,519
1,420
1,279
1,251
812
801
797
788
745
752
704
708
720
683
717
691
1,283
1,293
1,284
1,254
1,202
1,171
1,215
1,250
1,253
1,302
1,243
1,398
317
366
344
335
329
305
507
496
496
499
470
468
175
194
218
198
207
211
350
371
371
349
368
380
159
162
160
164
157
154
440
434
419
400
410
450
9,234
9,535
9,451
9,412
9,252
9,325
2,726
2,829
2,759
2,804
2,711
2,721
15, 665
16, 580
16, 607
15,364
15, 800
15, 552
6,756
7,217
7,203
6,138
6,636
6,530
1,133
1,163
1,232
558
917
1,261
762
750
775
749
748
7C3
626
714
766
699
711
663
1,060
1,123
1,125
1,079
1,128
1,062
1,342
1,500
1,371
1,178
1,108
967
323
331
272
260
303
293
449
457
486
476
519
538
177
232
244
227
240
211
348
390
376
349
397
350
150
151
146
155
156
147
386
407
408
408
410
334
8,909
9,363
9,404
9,226
9,164
9,022
15, 915
16, 579
17,230
17, 255
18, 988
19, 271
7,092
7,332
7,679
7,813
8,898
9,046
1,317
1,369
1,382
1,531
1,690
1,688
778
832
852
878
951
961
710
745
817
769
867
887
1,068
1,123
1,203
1,184
1,271
1,302
1,372
1,158
1,295
1,323
1,783
1,899
264
360
288
286
315
297
496
557
570
580
636
656
198
216
257
248
278
274
364
387
400
368
454
459
155
158
166
166
178
183
.. 19, 766
21,413
20, 101
20,684
20,524
21, 048
8,936
9,902
9,331
9,756
9,682
9,869
1,694
1,712
1,697
1,805
1,813
1,926
980
1,051
981
1,090
1,075
1,124
878
1,052
1,044
1,069
1,012
1,035
1,372
1,481
1,383
1,481
1,525
1,552
1,647
1,923
1,651
1,650
1,560
1,578
296
379
345
350
377
362
654
712
674
726
713
719
278
337
309
308
323
283
442
507
489
506
527
485
198
215
213
213
203
227
17,094
1948: January
17, 434
February
March _ _.
7,413
April
_ 7,925
May
7,413
June __
18, 033
July
AugustSeptember
October
November
December
1949: January
February
March
ApriL
May
June
July _
August
September
October
November
December _ _.
1950: January
February
March
April
May
June
July
August
September
October
November
December
10, 830
11,511
10, 770
10, 928
10, 842
11, 179
Inventories
1948: January
February
MarchApril _
May
June
July .
August
September
October
November
December
1949: January
February
March.
April
May
June...
July
August
September
October
November
December
1950: January
February
March
April
May
June
July
August _
September
October
November
December
_.
_ _
.
2
28, 986
28, 988
29, 198
29, 556
29, 892
30, 324
14, 398
14, 313
14, 330
14, 474
14, 549
14, 741
2,018
2,023
1,982
1,964
2,010
2,066
1,501
1,440
1,446
1,467
1,486
1,531
1,785
1,780
1,779
1,776
1,783
1,796
3,261
3,301
3,336
3,384
3,374
3,390
1,841 1,018
984
1,838
1,827
975
1,849
950
926
1,847
1,858
937
638
656
681
706
707
717
389
399
402
410
424
420
513
525
537
546
558
572
466
967
911
455
444
920
462
959
446
986
453 1,000
14, 588
14, 676
14, 868
15, 081
15, 343
15, 583
2,886 905
2,857
934
2,784
958
2,796 965
2,851
995
2,896 1,000
1,301
1,270
1,276
1,314
1,334
1,365
1,968
2,013
2,062
2,117
2,150
2,195
1,296
1,288
1,369
1,432
1,468
1,472
519
527
538
529
530
549
715
721
732
742
752
762
566
575
577
590
580
583
2,121
2,127
2,168
2,158
2,176
2,190
1,738
1,774
1,799
1,840
1,907
1,968
574
589
606
599
600
604
30, 820
31, 181
31, 594
31, 596
31, 668
31, 734
14, 889
15, 090
15, 252
15, 441
15, 674
15, 882
2,104
2,184
2,267
2,306
2,351
2,355
1,578
1,609
1,640
1,702
1,751
1,775
1,804
1,804
1,807
1,801
1,797
1,821
3,414
3,435
3,460
3,478
3,529
3,609
1,845
1,860
1,880
1,905
1,981
2,046
949
940
955
929
949
949
732
758
751
801
804
798
421
416
407
407
400
407
582
587
578
578
579
585
465
481
485
494
490
490
995
1,014
1,023
1,039
1,041
1,046
15, 931
16, 092
16, 341
16, 155
15, 995
15, 851
2,954
2,936
2,889
2,832
2,783
2,722
960
936
969
975
987
987
1,396
1,438
1,520
1,555
1,527
1,512
2,249
2,302
2,308
2,254
2,183
2,181
1,594
1,621
1,693
1,524
1,467
1,406
542
555
566
553
526
517
803
794
802
803
804
798
568
561
563
572
571
595
2,222
2,234
2,240
2, 236
2,229
2,202
2,034
2,096
2,158
2,223
2,281
2,297
610
618
634
628
638
634
32, 017
31,917
31, 545
31,361
30, 979
30, 550
16, 209
16, 239
16, 035
15, 933
15, 647
15, 306
2,366
2,368
2,346
2,367
2,375
2,349
1,765
1,750
1,747
1,724
1,686
1,666
1,838
1,872
1,847
1,818
1,760
1,710
3,643
3,665
3,660
3,620
3,539
3,464
2,114
2,125
2,096
2,039
1,967
1,903
957
944
917
905
893
903
882
883
818
857
854
778
459
460
442
427
415
395
612
622
627
634
633
637
500
503
499
511
499
505
1,074
1,046
1,035
1,030
1,027
996
15, 808
15, 678
15,511
15, 428
15, 332
15, 244
2,705
2,681
2,651
2,642
2,618
2,624
982
1,002
1,035
1,026
1,028
1,015
1,486
1,462
1,450
1,470
1,479
1,489
2,175
2,150
2,111
2,085
2,049
1,989
1,384
1,316
1,241
1,192
1,181
1,200
527
513
517
512
519
524
807
797
802
798
792
773
593
587
570
563
554
553
2,213
2,197
2,178
2,161
2,118
2,097
2,306
2,346
2,330
2,358
2,377
2,377
628
626
626
622
618
604
30, 105
29, 679
29, 204
28, 805
28, 467
28, 690
14, 970
14, 620
14, 240
13, 946
13, 692
13, 929
2,297
2,278
2,202
2,162
2,147
2,181
1,641
1,621
1,598
1,537
1,480
1,496
1,655
1,594
1,523
1,481
1,444
1,474
3,382
3,312
3,243
3,174
3,138
3,167
1,842
1,773
1, 716
1,658
1,612
1,762
898
869
876
851
833
794
730
710
684
726
726
719
388
381
377
370
376
384
634
610
581
564
546
547
501 1,002 15, 134 2,608
493
979 15, 059 2,642
486
956 14, 964 2, 621
948 14, 859 2,672
475
919 14, 775 2,616
470
938 14, 762 2,644
468
1,023
1,010
1,034
1,001
980
975
1,464
1,514
1,570
1,558
1,538
1,544
1,973
1,952
1,909
1,914
1,928
1,934
1,236
1,212
1,187
1,147
1,174
1,170
508
505
516
506
491
492
743
707
680
660
656
672
520
514
504
510
542
544
2,100
2,101
2,081
2,053
2,042
2,030
2,372
2,336
2,322
2,320
2,279
2,222
589
565
540
519
529
534
28, 707
28, 472
28, 432
28, 599
28, 830
29, 123
13, 878
13, 808
13, 784
13, 878
14, 014
14, 216
2,157
2,091
2,053
2,041
2,014
2,070
1,500
1,503
1, 509
1,531
1,569
1, 615
1,477
1,498
1, 494
1,512
1,572
1,623
3, 132
3,143
3,160
3,173
3,190
3,197
1,726
1,731
1,737
1,783
1,784
1,757
776
732
714
704
695
699
751
749
719
714
735
755
410
419
434
446
462
468
555
560
573
585
584
588
460
455
456
446
456
466
936
927
935
944
953
978
14, 829
14, 665
14, 648
14, 721
14,815
14, 907
2,683
2,689
2,718
2,746
2,781
2,730
974
980
987
977
958
931
1,526
1,489
.1, 480
1,486
1,482
1,466
1,915
1,926
1,952
1,985
2,026
2,065
1,241
1,187
1,202
1,207
1,210
1,294
505
483
488
496
506
513
681
677
676
683
672
665
588
573
566
572
564
578
1,992
1,969
1,954
1,970
2,001
2,050
2,196
2,161
2,090
2,058
2,070
2,076
528
530
537
540
545
538
29, 104
29, 253
30, 123
30, 947
32, 245
33, 253
14, 188
14, 205
14, 486
14, 899
15, 644
16,359
2,123
2,164
2,222
2,276
2,329
2,384
1,611
1,627
1,652
1,688
1,738
1,741
1.615
1,611
1,610
1,628
I, 718
1,897
3,135
3,118
3,202
3,304
3,468
3,651
1,756
1,737
1,764
1,866
2,056
2,144
707
706
735
762
835
905
743
732
745
769
782
829
461
452
458
462
490
533
595
587
582
592
600
628
461
460
471
483
502
518
981
1,010
1,045
1,068
1,127
1,130
14, 916
15,048
15, 637
16, 048
16, 601
16, 894
2,717
2, 733
2,775
2,876
2,939
3,006
962
982
1,097
1,071
1,107
1,073
1,438
1,522
1,639
1,658
1,658
1,650
2,075
2,104
2,202
2,327
2,462
2,531
1,356
1,356
1,387
1,399
1,522
1,586
497
495
510
525
540
562
660
645
658
669
687
732
575
576
605
604
622
632
,042
,064
,117
,197
,280
,356
2,097
2,090
2,148
2,203
2,225
2,219
497
479
499
521
560
547
Data for individual industry groups for 1939-47, as previously published and shown in the preceding table, are not directly comparable with the figures for 1948 forward in this table, due
to the reclassification of companies in 1948 according to the New Standard Industrial Classification System.
2 Book value as of end of period. Figures do not necessarily add to totals because of rounding.
1951 data are not shown in this table and in the following tables relating to manufacturing and retail trade since this material is presented on pages S-3, S-8, and S-9.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
20
October 1951
Table 5.—Manufacturers' New and Unfilled Orders, 1948-50
[Millions of dollars; not adjusted for seasonal variation]
New orders
Unfilled orders 1
Durable-goods industries
Year and month
Total
manufacturing
Total
mary
metals
Fabri- Eleccated
trical
metal machinproery
ducts
1,440
1,292
1,579
1,278
1, 148
1,507
1,487
1,478
1,474
1,592
1,727
1,732
17, 734
1,446
1,349
1,292
899
872
969
796
1,144
871
1,068
1,322
1,514
13,542
1,434
1,440
1,669
1, 523
1,652
1,925
1,943
2,479
2,184
2,174
1,955
2,242
22, 620
846
694
865
945
650
900
875
1,008
917
901
721
742
10, 062
759
578
709
571
430
681
672
806
918
808
680
652
8,264
869
724
906
835
947
1,143
1,149
1,704
1,350
1.447
1,283
1,244
13,599
Pri-
16, 962
7,083
1948: January
February
6,625
16, 153
March
__
_ _ 18, 228
7,901
April
7,193
16, 825
15, 768
6,456
May
J une
8,315
18, 348
July
_ _
7,621
16, 856
August
_ _ _ _ __ _
18, 344
7,985
September
7,850
18, 475
October
7, 641
17, 948
November
17 343
7,284
December
16,801
7,422
Year
208, 049 89, 378
1949: January
15, 634
6,443
February
_ 15, 183
6,394
March
16, 828
7,098
April .. .
_ __ _ 14, 650
5, 869
May
5,729
14, 539
June
_ _
_. 15, 287
6,358
July
5, 807
14, 270
August
6,989
16, 989
September
_
17, 621
7,324
October
6, 885
16, 639
November _
16, 168
6,778
December
15, 690
7,010
Year
189, 497 78, 683
1950: January.
16, 600
7,570
February
7,224
16, 341
March
18, 406
8,611
April
16,830
7,893
May
_
8,693
18, 640
June
20, 698 10, 368
July
22, 062 11,032
August _ _
26, 752 14. 305
September
23, 485 12, 061
October
23, 744 12,168
21,367 10, 302
November
22, 792 11,624
December
247, 718 121, 852
Year
1
2
3
4
655
445
832
673
640
736
788
718
780
801
750
842
8,659
606
592
759
544
539
725
602
608
868
716
603
844
8,005
716
658
967
716
111
1,238
903
1,420
1,558
1,229
969
1,463
12,614
Machinery,
excluding electrical
Transportation
equip-2
ment
1,178
1,073
1 , 264
1,207
1,201
1,335
1,189
1, 264
1,172
1, 137
1,038
1, 146
14, 202
1,018
988
1, 192
1,005
1,112
1, 062
975
1,056
1,029
1,006
871
990
12, 303
1,188
1,201
1,373
1,216
1 , 363
1,400
1.772
2,293
1,815
1 , 860
1,682
2,234
19, 396
203
383
286
312
232
979
386
413
357
79
286
345
4,262
120
260
249
106
265
137
167
162
344
184
435
187
2,375
244
376
373
214
608
1 . 269
1.401
780
800
419
483
7,203
Other
durables 3
Nondurable
goods
industries
total
9,879
2,762
2,739
9, 528
3,075 10, 326
9,631
2,778
2,586
9,312
2,858 10, 033
9, 235
2, 897
3, 104 10, 359
3, 151 10, 625
3, 132 10, 306
2,762 10, 059
2,616
9, 378
34, 459 118,671
9,191
2,734
8,789
2, 628
2,898
9, 730
2, 744
8,781
8, 810
2,511
2,784
8, 929
2, 594
8,463
3,213 10, 000
3,294 10, 297
9,754
3, 103
2, 868
9, 390
2, 824
8,680
34, 194 110,814
3, 119
9,030
2,825
9, 117
3. 459
9,796
8,937
3,230
3,741
9,947
4, 056 10, 330
3, 996 11,030
5, 008 12, 447
4,373 11,424
4, 659 11, 576
3,994 11,065
3, 959 11,168
46,419 125, 866
Durable-goods industries
Total
manufacturing
Total
Primary
metals
Fabriratori
Ldltu
metal
cfucts
ma hi
«y
Machinery,
excluding electrical
Transportation
equip-2
ment
Other
durables 4
F1
J^GCtrin«l
Nondurable
goods
industries
total
30, 373
29, 856
29, 858
29,415
28, 457
29, 144
29, 708
29, 695
29, 304
28, 397
27,812
26, 794
25, 678
25, 249
25, 152
24, 930
24, 256
24, 870
25, 623
25, 906
25, 625
25,014
24, 467
23, 760
4,723
4,766
4,891
4,840
4,652
4,754
4, 995
5,020
4,986
4,954
5,128
5,168
3,528
3,425
3,412
3,513
3, 366
3,428
3,551
3, 636
3,591
3,589
3,471
3,351
2,788
2,520
2,583
2,525
2, 486
2,498
2,621
2, 639
2, 626
2,631
2,574
2,562
6,074
5,891
5,729
5, 576
5,481
5,407
5,432
5,425
5,249
5,042
4,845
4,578
4,019
4, 125
4,087
4,091
4, 034
4,652
4,758
4, 861
4,875
4, 636
4,582
4,510
4,545
4,521
4,451
4, 384
4, 237
4, 132
4, 266
4, 325
4,297
4,160
3,867
3,591
4,696
4,607
4,706
4,485
4,200
4,274
4,085
3, 789
3, 680
3,384
3,345
3,033
25, 959
24, 925
23, 870
22, 180
20, 929
19, 915
19,681
19,440
19,618
19, 743
20, 028
20, 224
23, 000
22, 249
21, 334
19,854
18,652
17, 668
17,272
16,864
1 6, 658
16, 928
17.134
17, 553
5, 054
4,917
4,598
4, 145
3, 785
3, 508
3,298
3,232
2,823
3,305
3,709
3,924
3,362
3,214
3,106
2, 956
2, 680
2,579
2, 564
2, 510
2, 556
2. 535
2,478
2,440
2,492
2, 393
2, 379
2,225
2,083
2, 127
2,180
2,116
2,220
2,187
2,058
2,161
4,400
4, 169
3,970
3,671
3,534
3, 339
3,318
3,247
3,143
3,044
2,888
2,811
4,085
4,004
3,874
3, 626
3,561
3, 362
3, 235
3,096
3, 165
3,092
3,232
3,101
3,606
3,552
3,408
3, 232
3,010
2,753
2,677
2,664
2,751
2,765
2,768
3,117
2,959
2, 676
2,536
2,326
2,277
2,247
2,409
2,576
2,959
2, 815
2,894
2,671
21,190
21,791
22, 159
22 218
22, 594
24, 296
28, 146
32, 705
35, 243
36, 748
37, 367
39, 109
18, 336
18,741
19,245
19, 387
19,477
20, 692
23, 583
27, 783
30, 112
31,755
32,310
33, 927
4,021
4, 151
4, 354
4,421
4,449
4,690
5, 143
5, 842
6, 264
6, 528
6,673
6,917
2,594
2, 564
2. 597
2,628
2.674
2,816
3,081
3,579
3,827
4,073
4,299
4,439
2,196
2,126
2,218
2,146
2,100
2.464
2,598
3,026
3, 543
3,626
3, 553
3,860
3,004
3, 147
3,214
3, 199
3,242
3,244
3, 723
4, 529
4,953
5, 295
5, 586
6,255
3,091
3,136
3, 059
3,145
3,044
3,322
4,322
5,378
5,809
6,263
6,316
6,407
3,429
3,618
3,802
3,848
3, 969
4,155
4,716
5, 428
5, 715
5, 971
5,882
6,048
2,855
3,050
2,9i4
2.831
?'i16
3,604
4,5 64
4,9 2 2
5. 131
4,993
5, 057
5.182
i
\
As of end of period. Backlogs of orders of motor vehicle producers are not included in the data in this table. They will be incorporated in the series starting with September 1951 figures
Except motor vehicles and equipment.
Includes motor vehicles and equipment, professional and scientific instruments, lumber, furniture, stone, clay, and glass and miscellaneous.
Includes professional and scientific instruments, lumber, furniture, stone, clay, and glass and miscellaneous industries. Figures do not necessarily add to totals due to rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 6.—Sales of Retail Stores
[Millions of dollars]
1939
1940
1941
1942
1943
1944
1945
All retail stores
42, 042
46, 375
55, 274
57, 212
63, 235
70, 208
Durable goods stores
11, 312
13, 576
17,213
12, 320
12, 221
13, 942
5,549
5,025
524
2,390
1,761
629
1, 733
1,200
533
362
1,278
6,989
6,429
560
2,735
2,023
712
2,011
1,386
625
422
1,419
8,889
8,185
704
3,347
2,442
905
2, 576
1,780
796
566
1,835
4,027
3,404
623
3,305
2,332
973
2,370
1,776
594
710
1,908
4,438
3,768
670
2,927
2,024
903
2, 107
1,692
415
894
1,855
30, 730
32, 799
38, 061
44, 892
3,259
840
1 323
479
617
1,563
3 529
10, 156
7,722
2,434
2,822
6,475
3,872
1,080
1,523
2,926
586
2,340
3,451
886
1 388
545
632
1,636
3 787
10, 732
8, 169
2,563
2,970
6, 859
4,128
1,153
1,578
3,364
681
2,683
4, 137
1,076
1 635
700
726
1, 847
4 570
12, 244
9,312
2, 932
3,466
7,973
4,862
1,320
1,791
3,824
854
2,970
5,089
1,268
2 042
865
914
2, 213
5 699
14,788
11,368
3, 420
3,089
9,204
5,389
1,536
2,279
4,810
1,212
3,598
Kind of business
Automotive group
Motor vehicle dealers
__ _
Parts and accessories
Building materials and hardware group
Lumber and building materials
Hardware
Home furnishings group
Furniture and housefurnishings
Household appliances and radio
Jewelry
Other durable goods stores 1
_
Nondurable goods; stores
Apparel group
Men's clothing and furnishings .
Family and other apparel . .
Shoes
Drug stores
Eating and drinking places
Food group
Grocery and combination
Other food
Gasoline service stations
General merchandise group
Department including mail-order.
Variety
Other general merchandise
Other nondurable goods stores
Liquor 2
All other
_ ___
__ _
_ __
...
__ _
,
1946
1947
78, 034
102, 488
119, 604
130, 521
130, 721
143, 547
16, 026
27, 570
36, 652
41, 876
43, 882
52, 793
5,159
4,420
739
3,132
2,102
1,030
2,310
1,848
462
909
2,432
5,855
5,000
855
3,739
2,502
1,237
2,740
2, 101
639
997
2,695
11,922
10, 647
1,275
6,017
4,106
1,911
4,839
3, 264
1 , 575
1,260
3. 532
17, 082
15, 804
1,278
7,688
5, 433
2,255
6, 353
4,042
2,311
1,247
4.282
20, 104
18, 744
1,360
8,766
6, 272
2,494
6,914
4, 371
2,543
1,225
4,867
22, 940
21,669
1,271
8,237
5,895
2,342
6 790
4,155
2,635
1,136
4,779
28, 289
26, 702
1,587
10, 092
7,458
2, 634
8,249
4,847
3,402
1 174
4,989
51,014
56, 266
62, 008
74.918
82, 952
88, 645
86, 839
90, 754
6,158
1,405
2 670
1,114
969
2, 628
7 216
16,447
12,481
3, 966
2,628
10, 162
5,889
1,642
2,631
5, 775
1,557
4,218
6, 704
1,524
2 964
1,215
1,001
2,924
8 305
17,918
13, 665
4,253
2,812
11,076
6,488
1,774
2,814
6,527
1,926
4,601
7,689
1, 769
3 338
1,442
1,140
3,155
9 575
19, 233
14, 593
4,640
3,284
11, 802
7,092
1,845
2,865
7,270
2,288
4,982
8,880
2,195
3 591
1,717
1,377
3,723
10 619
24, 155
18, 646
5,509
4,511
14, 724
9,183
2,158
3,383
8,306
2,688
5,618
9,294
2,309
3 638
1,904
1,443
3,867
10 651
28, 434
22, 501
5,933
5,482
16, 053
10, 055
2,322
3,676
9,171
2,649
6,522
9.803
2, 309
3 961
2,066
1,467
4,013
10 683
30, 966
24, 770
6,196
6,483
17, 135
10, 645
2,507
3,983
9,562
2,580
6,982
9,332
2,183
3 698
1,997
1,454
4,037
10 470
30, 965
24, 800
6,165
6,957
16, 307
10,018
2,506
3,783
8,771
2,474
6,297
9,333
2,175
3 606
2,041
1,511
4,166
10 626
32, 768
26, 412
6,356
7,553
17, 235
10, 638
2,587
4 010
9,073
2 550
6,523
1948
1949
1950
1
The group "other durable goods stores" consists of farm implement dealers previously in the building material and hardware store category of the durable goods group and of part of the
"other
retail stores" category previously included in the nondurable goods group.
2
The "All other nondurable goods stores" segment now consists of fuel and ice dealers, feed and farm supply, and stationery stores, florists, cigar stores, and newsdealers.
Source: U. S. Department of Commerce, Offices of Business Economics.
SURVEY OF CURRENT BUSINESS
October 1951
21
Table 7.—Sales of Retail Stores, Seasonally Adjusted, by Kinds of Business, 1948-50
[Millions of dollars]
Automotive group
Building materials and hardware
group
Home furnishings group
Furniture Household
and house appliances
furnishings and radios
Parts and
accessories
1948: January
February
March
April
May
June
July
August
eptember
Octobei
November
December
Year
1949: January
February
March
April
May
June
July
August
September
October
November
December
Year
1950: January
February
March
April
May
June
July
August
September
October
November
December
Year
1,599
1,580
1,713
1,657
1,425
1,605
1
1,772
1,692
1,
1,808
1,859
20,104
1,587
1,805
1,930
2,014
1,939
1,994
1,940
2,046
2,014
2,025
1,924
1,722
22,940
2,054
2,195
2,195
2,168
2,293
2,517
2,741
2,663
2,490
2,336
2,156
2,481
28,289
10, 598
10, 619
10, 795
10, 855
10,648
10, 907
10, 997
11, 073
10, 976
10,
10, 922
11,145
130,521
10, 693
10, 846
10,884
11, 050
10, 963
10, 942
10, 747
10, 860
11,
10, 901
10, 966
10, 801
130,721
11,074
11,306
11,387
11,418
11, 643
12, 059
12, 956
12, 940
12, 362
12, 032
11, 767
12, 603
143,547
503
518
522
533
533
550
535
553
522
508
491
504
6,272
485
483
483
470
481
482
468
486
499
507
527
524
5,895
535
540
560
573
630
676
696
745
653
652
603
595
7,458
1,490
1, 468
1,599
1,545
1,311
1,491
1, 564
1,651
1,577
1,599
1,700
1,749
18,744
1,477
1,
1,823
1,912
1, 832
1,893
1, 833
1,944
1,910
1,918
1,816
1,615
21,669
1,947
2,082
2,081
2, 057
2,174
2,
2,545
2,510
2,350
2,206
2,029
2,322
26,702
561
552
570
594
585
581
594
599
595
553
561
569
6,914
558
537
532
547
556
553
553
555
568
601
615
615
6,790
620
649
647
643
619
634
819
779
730
635
676
8,249
General merchandise group
Total
nondurable
goods
stores
Men's
clothing
and
furnishings
Women's Family
apand
parel
other
and
apacces- parel
sories
1949: January
February
March
M
June
July
August
September
October
November
December
Year
1949 : January
February
March
April
May
June
July
August
September
October
November
December
Year
1950: January
February
March
April
May...
June
July
August
September
October
November
December
Year
j
j
!
!
Source: U. S. Department of Commerce, Otlice of Business Economics.
Eating
and
drinking
places
Department
including
mall
order
Other
eneral
merchandise
Other nondurable
goods stores
SURVEY OF CURRENT BUSINESS
22
October 1951
Table 8.—Retail Sales of Chain Stores and Mail-Order Houses by Kinds of Business, 1939-50
[Millions of dollars
1939
Kind of business
Total
_ _-
Durable goods stores
_ -
Automotive group
Motor vehicle dealers
Parts and accessories
Building materials and hardware group 1
Lumber and building materials ^ _
Home furnishings group
Furniture and house furnishings
_
Household appliances and radio
Jewelry
_
_ _
Nondurable goods s tores
Apparel, group
Men's clothing and furnishings
Women's apparel and accessories
Family and other apparel
_
Shoes
Drug stores
Eatin°" and drinking places
Food group
Grocery and combination
_.
Other food
Gasoline service stations
General merchandise group 1
Department, dry goods, and general merchandise
Mail-order
_ _
_
_ __
Variety
Other retail stores
1
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
9,570
10, 500
12, 635
14, 376
14, 926
16, 234
17, 280
22, 514
26, 958
29, 737
29, 041
31, 232
1,024
1,157
1,465
1,291
1,316
1,416
1,627
2,510
3,100
3,407
3,240
3,863
372
136
236
375
350
239
151
88
38
406
165
241
427
385
279
175
104
45
493
200
293
552
480
360
226
134
60
315
79
236
588
486
312
211
101
76
336
82
254
589
478
295
224
71
96
361
91
270
636
500
321
240
81
98
391
96
295
739
565
389
277
112
108
658
191
467
998
715
717
436
281
137
699
262
437
1,315
962
950
533
417
136
741
287
454
1,505
1,107
1,027
562
465
134
779
331
448
1, 336
957
1,001
519
482
124
959
408
551
1,561
1,147
1,214
592
622
129
8,546
9,343
11, 170
13, 085
13,610
14, 818
15 653
20 004
23 858
26 330
25, 801
27, 369
992
173
394
80
345
400
304
3,340
2,833
507
288
2,693
1,226
464
952
529
1, 062
182
428
97
355
425
330
3,635
3,106
529
294
2,978
1,421
491
1,008
619
1,280
229
504
135
412
479
374
4,328
3,729
599
331
3,666
1,828
621
1,147
712
1,594
237
668
182
507
571
439
5,211
4,520
691
285
4,094
2,050
628
1,325
891
1,791
241
843
232
475
654
518
5,111
4,318
793
234
4,222
2,125
581
1,406
1,080
1,957
264
923
286
484
681
558
5,499
4,657
842
241
4,621
2,380
609
1,510
1,261
2,090
272
968
329
521
704
593
5,614
4,705
909
271
4,925
2,630
608
1,559
1,456
2,434
355
1,013
425
641
830
676
7,259
6,192
1,067
357
6,713
3,788
959
1,812
1,735
2,566
385
1,012
483
686
864
714
9,418
8,284
1,134
416
7,916
4,636
1,171
1,937
1,964
2,729
366
1,117
548
698
869
742
10, 493
9,319
1,174
470
8,930
5,373
1,301
2,077
2,097
2,588
342
1,049
517
680
847
721
10, 636
9,468
1,168
505
8,560
5,159
1,156
2,077
1,944
2,588
338
1,042
512
696
852
724
11,344
10, 140
1,204
548
9 300
5,743
1,235
2,143
2,013
1950
Group totals include other related business not separately shown.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 9.—Retail Inventories, Seasonally Adjusted, 1948-50
[Millions of dollars]
Durable goods
All retail
stores
End of period
1948 : January
February
M^arch
April
May
June
-_ ._-
July
August
September
October
November
December
1949* January
February
March
April
Mav
Juno
July
August
September
October
November
December
1950: January
February
March
April
May
June
_ __
July
August
September
October
November
December
Total
Automotive
group
Building
materials
and
hardware
group
Jewelry
group
Other
retaildurable
Total
Apparel
group
Drug
stores
Food
group
General
Other
merchanretaildise group nondurable
14, 444
14, 902
15 076
15, 206
15, 140
15, 263
5,684
5,913
6,220
6,126
6,109
6,277
1,508
1, 523
1,591
1,574
1,557
1,685
1,605
1,700
1,822
1,767
1,730
1,736
1,289
1,342
1,400
1,386
1,416
1,431
432
463
475
480
488
481
850
885
932
919
918
944
8,760
8,989
8, 856
9,080
9,031
8,986
1,943
1,989
1,934
2,105
2,111
2,117
576
575
571
575
571
571
1,709
1,740
1,677
1,719
1,756
1,764
2,817
2,945
2,951
2,925
2,863
2,855
1,715
1, 740
1,723
1, 756
1,730
1,679
15, 518
15, 602
15, 585
1 5, 749
15,766
15, 828
6, 446
6, 605
6,487
6, 716
6,738
6,746
1,722
1,757
1,610
1,813
1,829
1,947
1,811
1,891
1,921
1,886
1,877
1,823
1,464
1,470
1,486
1,508
1,504
1,465
479
491
491
494
509
489
970
996
979
1,015
1,019
1,022
9,072
8,997
9,098
9,033
9,028
9,082
2,162
2,128
2,118
2,026
2,013
2,062
577
585
589
595
615
631
1,788
1,769
1,797
1,836
1,816
1,806
2,867
2,821
2,876
2,855
2,837
2,835
1,678
1,694
1,718
1,721
1, 747
1,748
15,437
15,420
1 5, 530
15, 444
15,218
15, 098
6,789
6,855
6,872
6, 907
6, 685
6, 625
2,085
2, 187
2,216
2, 237
2,078
2,092
1,786
1,789
1,766
1, 773
1,778
1,775
1,410
1,367
1,346
1, 339
1, 307
1,260
480
475
505
514
512
498
1,028
1, 037
1, 039
1, 044
1,010
1,000
8, 648
8,565
8,658
8,537
8,533
8,473
1,986
1,993
2,051
1,996
2,017
2,026
635
648
655
648
638
645
1,687
1,665
1,645
1,663
1,664
1,654
2,665
2,645
2,688
2,653
2,629
2,579
1,675
1,614
1,619
1,577
1,585
1,569
15 061
15, 125
15, 469
1 5, 534
15,239
14, 502
6, 735
6,925
7, 139
7,220
6, 852
6, 237
2,211
2,419
2. 639
2,705
2,376
1,836
1,795
1,797
1,772
1,781
1,783
1,805
1,222
1,170
1,156
1,149
1,147
1,130
491
495
496
498
515
528
1,016
1, 044
1,076
1, 087
1,031
938
8, 326
8,200
8,330
8,314
8,387
8,265
2,009
1,954
2,010
1,922
1,907
1,901
629
636
648
638
620
619
1,647
1,581
1,586
1,592
1,612
1,637
2,488
2,496
2, 549
2.622
2,705
2,612
1,553
1,533
1,537
1,540
1, 543
1,496
14,815
14, 695
14, 909
14,914
15, 349
15, 574
6, 542
6, 337
6, 256
6, 303
6, 637
6,857
2,073
1, 881
1,793
1,791
2,010
2,157
1,800
1,812
1,769
1,760
1,794
1,831
1, 164
1,173
1,218
1,272
1,313
1,315
521
518
535
532
522
523
984
953
941
948
998
1,031
8,273
8,358
8,653
8,611
8,712
8,717
1,909
1,938
2,015
1,985
2,002
2,024
621
638
654
643
660
666
1,626
1,620
1,701
1,721
1,758
1,783
2,642
2,700
2,772
2,768
2,770
2,705
1,475
1,462
1,511
1,494
1,522
1, 539
15, 175
16,130
16. 599
17, 390
17, 704
17, 793
6,368
6,809
7, 106
7,735
8,060
8,095
1,742
1,945
1,979
2,296
2,444
2,368
1,871
1,912
1,968
2,054
2,105
2,232
1,281
1,390
1,508
1, 626
1,692
1,685
516
538
582
596
607
593
958
1,024
1,069
1,163
1,212
1,217
8,807
9, 321
9,493
9, 655
9,644
9,698
2,128
2,197
2,141
2,148
2,158
2,198
656
675
670
671
658
644
1,774
1,905
1,926
1,938
1,919
1,974
2,677
2,850
2,954
3,099
3,122
3,117
1,572
1,694
1,802
1,799
1,787
1,765
Source: U. S. Department of Commerce, Office of Business Economics.
Home-furnishings
group
Nondurable goods
SUEVEY OF CURRENT BUSINESS
October 1951
23
Table 10.—Retail Inventories, 1938-50
[Millions of dollars]
Kind of business
All retail stores
1939
1938
__
Durable goods stores
Automotive group
Motor vehicles
Parts and accessaries,
_
. _.
Building materials and hardware group
Building materials. _ _ _ _ _
Hardware
Home-furnishings group
Furniture and housefurnishings
Household appliances and radios
Jewelry group
Other retail stores — durable goods
_ _
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
Food group
.
Filling stations
General merchandise group
_ _
Department, including mail order
Dry goods and other general merchandise __
Variety
Other retail stores—nondurable goods _
_ __
Liquor
Other
1941
1940
1942
1943
1944
1945
1946
1947
1948
1949
1950
5,039
5,285
5,819
7,371
7,438
7,065
7,105
7,442
11,231
13, 372
15, 192
13, 909
17, 071
1,912
2,021
2,388
3,038
2 620
2,090
2,102
2 268
3 812
5,341
6,588
6 100
7 923
533
450
83
601
378
223
354
271
83
159
265
562
479
83
619
390
229
371
285
86
163
306
754
623
131
688
436
252
405
311
94
176
365
929
764
165
856
561
295
563
432
131
218
472
800
689
111
656
405
251
536
431
105
215
413
551
455
96
573
350
223
420
337
83
212
334
479
376
103
656
422
234
397
319
78
230
340
504
393
111
646
379
267
451
340
111
267
400
1 030
843
187
972
561
411
885
647
238
365
560
1 583
1,341
242
1,403
858
545
1,156
798
358
402
797
2 078
1,799
279
1,680
1,046
634
1,384
930
454
448
998
1 968
1,736
232
1,663
1,034
629
1, 068
764
304
484
917
2 537
2 236
301
2 058
1,245
813
1, 593
1 120
473
544
1,191
3,127
3,264
3,431
4,333
4,818
4,975
5,003
5,174
7,419
8,031
8,604
7,809
9,148
659
223
163
113
160
317
68
626
95
1,067
537
388
142
295
69
226
687
236
171
119
161
321
74
672
99
1,124
566
397
161
287
75
212
691
239
171
121
160
333
89
703
129
1,165
633
370
162
321
98
223
861
306
189
173
193
366
135
983
190
1,374
740
396
238
424
138
286
1 005
339
236
236
194
389
240
1,145
167
1,379
744
405
230
493
170
323
1, 056
302
275
288
191
413
273
1,196
156
1,384
760
393
231
497
158
339
1,086
295
310
312
169
450
333
1,073
142
1,314
749
364
201
605
259
346
989
166
338
347
138
482
328
1,145
164
1,397
821
353
223
669
274
395
1,404
338
408
404
254
571
465
1, 596
228
2,266
1,335
622
309
889
427
462
1,649
460
438
438
313
602
411
1,707
299
2,438
1,387
702
349
925
427
498
1,850
538
487
480
345
657
415
1,806
374
2,543
1,394
773
376
959
403
556
1, 706
516
408
438
344
644
292
1, 637
333
2,332
1,298
641
393
865
366
499
1 971
568
442
579
382
670
383
1,974
337
2,777
1,570
724
483
1, 036
452
584
1
Book value as of end of period, unadjusted for seasonal variations.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 11.—Wholesale Inventories, Seasonally Adjusted, 1948—51
[Millions of dollars]
t1
.
—
Merchant wholesalers
All wholesale trade
Nondurable goods
Durable goods
End of period
Total
Durable
goods
Nondurable
goods
Total
Total
Lumber
and
Elec
Auto- building
trical
motive mate- goods
rials
Hardware
MaHouseiirnish- Jewelry chinery
and
ings
metals
Total
Apparel Beers, Drugs
wines,
and
and
dry
and
goods liquors sundries
Food
Paper
and Tobacco
All
prodprodother
ucts
ucts
1948: January
February _ .
March
April _ _
May
June
7,639
7,527
7,512
7,516
7,527
7,679
3,177
3,226
3,276
3,317
3,376
3,400
4,462
4,301
4, 236
4,199
4,151
4,279
6,947
6,863
6,880
6,894
6,907
7,045
3,177
3,226
3,276
3,317
3,376
3,400
560
556
549
559
566
585
479
475
489
509
522
529
451
461
462
454
456
444
346
346
347
347
353
362
126
129
126
130
130
144
166
190
214
224
235
248
1,049
1,069
1,089
1,094
1,114
1,088
3,770
3,637
3,604
3, 577
3,531
3,645
775
781
804
820
819
897
417
382
404
402
396
392
179
182
184
181
184
185
1,050
983
1,042
1,025
1,027
1,037
186
187
194
204
211
204
120
119
124
133
136
143
1,043
1,003
July
August
September.
October
November .
December. _
7,896
8,030
8,140
8,242
8,297
8,085
3,482
3,562
3,644
3,708
3,754
3,685
4,414
4.468
4,496
4,534
4, 543
4,400
7,276
7,391
7,487
7,584
7,646
7,449
3,482
3,562
3,644
3,708
3,754
3,685
589
599
609
613
622
612
544
581
597
621
632
597
492
509
520
548
556
536
370
373
375
380
384
381
149
163
174
168
177
175
248
244
232
202
215
195
1,090
1,093
1, 137
1,176
1, 168
1,189
3,794
3,829
3,843
3,876
3,892
3,764
887
871
855
860
828
764
382
366
375
385
404
389
186
186
186
181
185
185
1,044
1,065
1,059
1,040
1,054
1,042
207
205
207
208
210
203
129
142
126
130
132
124
959
994
1.035
1,072
1,079
1,057
8,061
1949: January
February . _ 8, 060
7, 837
March
7,710
April
7,596
May
7,588
June
7,620
July
3,782
3,796
3,743
3,671
3,619
3,540
3, 523
4,279
4,264
4,094
4, 039
3,977
4,048
4,097
7,446
7,444
7,259
7, 134
7,018
6,990
7,006
3,782
3,796
3,743
3,671
3,619
3,540
3,523
608
625
614
583
566
560
560
586
599
572
572
563
532
536
560
577
548
517
494
453
465
388
387
373
364
357
347
358
185
188
185
182
181
181
183
188
184
189
198
184
199
191
1,267
1,236
1,262
1,255
1,274
1,268
1,230
3,664
3,648
3,516
3,463
3,399
3,450
3,483
710
703
662
608
563
556
595
385
391
396
396
396
398
405
188
191
189
191
192
196
195
1,026
1,044
1,040
1,036
1,026
1,023
1,014
206
208
203
198
198
194
196
124
124
126
128
126
126
121
1,025
987
900
906
898
957
957
7,591
7,691
7,668
7,730
7,729
3,484
3,471
3,415
3,390
3,412
4,107
4,220
4,253
4,340
4,317
6, 962
7,033
7,001
7,038
7,023
3,484
3,471
3,415
3,390
3,412
551
560
555
553
548
522
518
520
521
521
456
446
444
420
430
353
344
341
336
327
175
181
185
179
176
194
188
171
172
175
1,233
1,234
1,199
1,209
1,235
3,478
3,562
3,586
3,648
3,611
609
686
718
701
714
402
403
404
431
407
192
192
193
190
190
997
990
963
997
993
194
193
190
193
182
120
120
124
127
120
964
978
994
1,009
1, 005
7,679
7,705
7,785
7,952
8,092
8,131
3,411
3,428
3, 459
3,520
3,626
3,636
4,268
4,277
4,326
4,432
4,466
4,495
6,974
6,999
7,065
7,206
7,303
7,303
3,411
3,428
3,459
3,520
3,626
3,636
538
536
542
555
572
560
529
548
566
545
571
601
431
438
433
465
473
482
342
351
362
367
372
372
172
179
179
189
189
192
172
170
167
168
181
170
1,227
1,206
1,210
1,231
1,268
1,259
3,563
3,571
3,606
3,686
3,677
3,667
692
711
724
670
634
623
418
387
409
429
434
434
191
190
192
198
203
205
1,001
1,000
1,010
1,030
1,036
1,029
179
188
193
197
196
lf'8
121
120
121
119
117
117
961
975
957
1, 043
1,057
1,061
8,025
8,236
8,424
8,775
9,005
9,388
3,572
3,549
3,618
3.850
4,003
4,163
4,453
4,687
4,806
4, 925
5,002
5, 225
7.173
7,392
7,576
7,935
8,132
8,474
3,572
3, 549
3, 618
3, 850
4,003
4,163
562
565
554
594
618
644
601
595
619
651
656
667
444
438
476
526
588
636
358
347
343
376
398
408
197
171
172
194
211
232
166
182
192
192
199
223
1,244
1,251
1,262
1,317
1,333
1,353
3, 601
3,843
3,958
4,085
4,129
4,311
611
657
710
771
841
901
414
489
534
518
487
472
206
210
213
222
223
224
1,007
1,090
1,147
1,165
1,163
1,229
198
203
203
220
212
212
120
130
119
130
130
139
1,045
1,064
1,032
1, 059
1,073
1,134
9,475
1951: January
February _ _ 9,715
March
9 940
April
10, 107
May..
10, 270
10, 151
June
4,170
4,328
4,474
4,672
4,880
4,887
5,305
5, 387
5,466
5,435
5,390
5,264
8,558
8,788
9,007
9,185
9,361
9,237
4,170
4,328
4,474
4,672
4,880
4,887
666
669
701
739
762
744
665
782
805
842
865
831
635
664
700
743
797
811
417
442
447
481
497
496
238
222
224
220
231
261
227
233
249
244
239
239
1,322
1,316
1,348
1,403
1,489
1,505
4, 388
4,460
4,533
4,513
4,481
4,350
835
858
881
875
857
817
568
582
632
623
588
563
225
229
236
241
248
250
1,257
1,290
1,295
1,299
1,266
1,283
203
203
209
218
218
222
139
140
140
139
139
138
1,161
1,158
1,140
1,118
1,165
1,077
5,045
4,969
5,210
5,029
9,420
9,194
5,045
4, 969
767
736
837
819
870
853
505
490
255
258
243
224
1,568
1,589
4, 375
4,225
833
792
568
518
249
244
1,296
1,191
230
235
142
141
1,057
1,104
August
September .
October
November,
December. .
1950: January
February _ _
March
April
May
June
July
August
September.
October
NovemberDecember. .
July
August
10, 255
9,998
Source: U. S. Department of Commerce, Office of Business Economics.
852
812
758
787
SURVEY OF CURRENT BUSINESS
24
October 1951
Table 12.—Wholesale Inventories, 1938-50 1
[Millions of dollars]
1938
Type of establishment
AH establishments
Durable goods
Nondurable goods
_
._ _
Merchant wholesalers
Durable goods
_ _ __ -
Automotive
Lumber and building materials
Electrical goods .
Hardware
Housefurnishings
.
Jewelry
Machinery and metals .__
-
__
__ _
Nondurable goods
_ _ _ _ _
Apparel and dry goods
Beers, wines, and liquors
Drugs and sundries
Food
Paper and products
__ Tobacco products
Allother
._
_
. _ _. _
1939
1941
1940
1942
1943
1944
1945
1947
1946
1949
1948
2,921
3,075
3,255
4,073
3,830
3,759
3,969
4,625
6,606
7,613
7,982
7, 659
9,286
904
2,017
971
2,104
1,068
2,187
1,336
2,737
1,068
2,762
1, 037
2,722
1,113
2, 856
1,464
3,161
2, 524
4,082
3,094
4, 519
3,563
4,419
3,292
4, 367
4,012
5,274
2,486
2,642
2,844
3,563
3,341
3,222
3,427
4,074
5,895
6,798
7,277
6,865
8,253
904
971
1,068
1,336
1,068
1,037
1,113
1,464
2,524
3,094
3,563
3,292
4,012
143
147
73
132
62
56
291
141
157
84
146
71
57
315
158
185
95
156
65
63
346
197
202
159
200
97
77
404
146
177
81
150
78
74
362
141
171
66
128
57
89
385
172
184
77
135
52
77
416
263
197
125
163
51
100
565
475
317
274
246
128
193
891
552
472
418
328
132
148
1,044
607
576
515
366
163
158
1,178
543
503
413
314
164
147
1,208
644
611
392
216
187
1,324
1,582
1,671
1,776
2,227
2,273
2,185
2,314
2,610
3,371
3,704
3,714
3,573
4,241
253
108
74
434
67
49
597
278
123
77
481
75
51
586
286
152
86
502
72
53
625
370
186
104
653
88
62
764
359
187
103
637
91
63
833
328
189
118
696
83
64
707
312
237
115
681
81
68
820
346
258
141
793
94
83
895
527
395
164
1,032
143
114
996
632
432
170
1,083
177
114
1, 096
679
381
179
1, 035
196
118
1,126
621
399
184
988
176
114
1,091
463
217
1,213
205
132
1,227
i Book value as of end of period, unadjusted for seasonal variations.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 13.—Wholesale Sales, Annually, 1939-50 and Seasonally Adjusted Months, 1948-51
[Millions of dollars]
All wholesale trade
Merchant wholesalers
Durable goods
Year and month
Total
DuNonrable
Total
goods durable
Lum-
Total
and ElecAuto- ber
build- trical
motive ing
ma- goods
Hardware
terials
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
-__
-_
1948: January....
February _ _
March
Anril
May
Juno
July
August
Scptember.
October
November.
December,
1949: January
February. __
March
April
May.
June
July
August
September _
October
November .
December. _
1950: January
February. __
March
April May
June
Julv _.
August
September.
October
November .
December. _
1951: January
February. __
March
April
May
June
July
August
Nondurable goods
MaHouse
chinery Total
furnish- Jewelry and
ings
metals
Appar- Beers,
el and wines,
and
dry
goods liquors
Drugs
and
sundries
Food
Paper Tobacand
prod- All
prod- coucts
other
ucts
26, 244
28, 919
36, 394
41, 109
45. 966
49, 828
53, 708
71,915
87, 263
95 172
86,817
96, 782
6,272
7,511
10, 176
9 572
9i 448
10, 136
10. 881
17, 576
24, 428
27, 431
24, 266
30, 652
19, 972
21,408
26, 218
31, 537
36, 518
39, 692
42, 827
54, 339
62, 835
67 741
62, 551
66, 130
22, 550
24, 914
31, 140
34,359
37, 743
40, 818
44, 082
60, 708
73, 279
79,815
72, 460
82, 128
6,272
7,511
10, 176
9, 572
9,448
10, 136
10, 881
17, 576
24, 428
27, 431
24, 266
30, 652
1,055
1,258
1, 382
935
1, 044
1, 235
1,496
2, 823
3,784
4, 093
3, 926
4,653
1, 265
1, 587
2,087
2,417
2, 126
2,206
2,216
3,317
5,012
5 972
5', 338
6,836
788
958
1,432
1, 184
905
995
1. 200
2,111
3, 677
4,425
4,099
5,455
592
678
886
816
742
857
937
1,545
1,909
2,014
1,719
2,098
380
407
534
530
535
576
627
1, 032
1, 299
1, 337
1, 235
1,625
234
259
334
331
490
555
593
803
865
799
688
761
1, 958
2, 364
3. 521
3, 359
3, 606
3,712
3,812
5, 945
7,882
8,791
7,261
9,224
16, 278
17, 403
20, 964
24, 787
28, 295
30, 682
33, 201
43, 132
48, 851
52, 384
48, 194
51, 476
1,889
1,906
2,669
3, 231
3, 601
3, 580
3,611
5,709
5, 747
5,729
4, 838
5,197
1,249
1,240
1, 662
2,242
2 292
2, 975
3,520
4,375
4,135
4,070
4,075
4,485
584
654
676
723
816
1,063
1,254
1,350
1,370
1,382
1,482
521
6, 055
6, 595
7, 884
9,751
10, 564
11, 237
12, 147
14, 698
16,412
18, 869
17, 238
18, 088
575
608
739
695
823
878
909
1,275
1,828
1, 902
1,723
2, 013
,106
,159
,174
,307
,625
,679
1,811
2,317
2,445
2, 530
2,506
2,481
4,883
5,311
6,182
6,885
8.667
9,517
10, 140
13, 504
16, 934
17,914
16. 432
17, 730
7,872
7,819
7,886
8,177
7,799
8,160
8, 189
8,011
7,970
7, 831
7, 791
7,712
7,397
7, 496
7, 526
7,395
7.244
7, 316
6, 833
7,073
7, 159
6, 990
7,279
7,108
7, 114
7, 294
7,482
7, 233
7, 687
7, 899
8, 636
9, 066
8, 337
8,481
8, 320
8, 595
9, 761
9,222
8, 984
8, 684
8,883
8,679
8,384
8,658
2,220
2,239
2,304
2,404
2,273
2, 364
2,322
2, 335
2,315
2.281
2, 223
2, 166
2, 039
2,047
2,119
2, 110
2. 038
2. 051
1, 868
1,980
2,054
2, 000
2,018
1,974
1, 958
2.076
2,198
2, 161
2, 415
2, 554
2,874
3.144
2, 791
2, 855
2, 705
2,773
3,273
3,011
3, 050
2, 925
2. 892
2,789
2, 624
2,770
5,652
5,580
5, 582
5,773
5, 526
5,796
5, 867
5, 676
5, 655
5, 550
5.568
5. 546
5,358
5,449
5,407
5, 285
5, 206
5, 265
4, 965
5, 093
5.105
4, 990
5, 261
5, 134
5, 156
5,218
5. 284
5,072
5 272
5,' 345
5, 762
5, 922
5, 546
5, 626
5, 615
5,822
6, 488
6, 211
5, 934
5, 759
5, 991
5,890
5, 760
5,888
6,600
6,539
6,657
6, 969
6, 578
6, 865
6, 863
6, 691
6, 682
6,532
6.498
6, 426
6, 151
6, 270
6,312
6,212
6, 070
6, 131
5, 663
5,886
5, 971
5,784
6,084
5, 931
5,943
6, 106
6, 315
6, 123
6. 558
6, 752
7,424
7,817
7, 083
7.188
7, 015
7,279
8. 394
7, 854
7, 611
7,342
7, 525
7,332
7, 025
7,279
2,220
2,239
2,304
2,404
2,273
2. 364
2,322
2, 335
2, 315
2, 281
2, 223
2,166
2,039
2.047
2,119
2,110
2,038
2. 051
1, 868
1,980
2,054
2, 000
2.018
1, 974
1, 958
2,076
2,198
2, 161
2, 415
2, 554
2 874
3. 144
2,791
2,855
2, 705
2,773
3, 273
3,011
3, 050
2, 925
2,892
2,789
2, 624
2, 770
327
327
344
352
344
344
353
347
339
339
342
330
331
328
318
332
336
333
331
341
340
325
321
287
313
321
330
327
383
404
458
460
403
410
401
413
508
461
445
426
419
420
402
406
501
514
498
505
480
511
510
513
527
504
475
432
465
469
478
469
420
448
383
429
451
430
461
465
448
489
511
501
549
604
654
689
613
587
577
567
626
637
689
659
676
640
583
604
342
333
356
415
369
395
382
368
375
366
368
360
329
330
325
346
352
363
335
345
347
343
355
331
338
385
404
415
427
420
542
572
503
505
460
458
603
559
516
465
425
407
376
403
167
170
166
183
165
167
170
166
164
169
167
161
148
142
149
148
147
142
133
133
146
144
145
142
137
141
147
148
162
170
204
219
187
189
186
200
248
223
201
185
182
173
167
169
111
104
101
106
107
111
112
106
115
116
121
130
96
102
99
96
92
96
71
74
75
76
71
76
70
60
61
60
60
60
57
59
60
65
60
58
48
52
57
55
57
60
48
46
51
52
62
62
75
78
71
70
68
65
701
717
764
767
737
760
725
775
734
727
690
693
613
617
690
654
631
611
561
585
602
592
550
556
562
582
635
607
711
775
813
947
866
935
862
911
957
888
969
984
1.016
992
957
1, 025
4, 3SO
4, 300
4, 353
4,565
4, 305
4, 501
4, 541
4, 356
4, 367
4, 251
4, 275
4, 260
4,112
4,223
4,193
4, 102
4,032
4, 080
3,795
3, 906
3, 917
3, 784
4, 066
3, 957
3, 985
4, 030
4, 117
3, 962
4,143
4, 198
4, 550
4, 673
4,292
4, 333
4,310
4, 506
5, 121
4,843
4, 561
4,417
4. 633
4, 543
4, 401
4.509
485
490
372
341
343
370
339
353
339
324
330
315
335
325
329
351
359
347
349
358
325
329
325
315
350
340
317
332
352
348
368
371
457
457
349
361
374
390
459
414
351
360
369
367
356
380
116
114
119
122
111
116
115
110
115
107
115
108
110
112
116
114
117
121
114
119
118
107
118
114
116
116
125
112
123
126
124
132
125
125
130
126
143
137
140
134
140
138
138
141
1, 606
1. 515
1,567
1,684
1, 585
1,597
1, 606
1, 562
1, 557
1, 513
1,529
1, 532
1,471
1,516
1 567
l'. 524
1, 490
1, 486
1, 329
1,375
1, 365
1.334
1,426
1, 353
1, 355
1,428
1,478
1,490
1,557
1, 585
1, 686
1,625
1,439
1. 432
1,431
1,542
1, 736
1, 691
1, 562
1,597
1, 747
1. 612
1. 568
1, 638
160
165
162
162
162
161
158
152
155
154
156
157
145
148
151
141
141
139
137
142
142
140
149
147
145
151
154
147
160
162
166
181
174
186
190
189
224
215
222
205
297
202
196
194
213
,428
1.458
,427
,469
,423
1.540
,613
. 544
,530
1, 513
,507
.515
1.456
1, 465
1. 351
1,324
1, 315
1.338
1. 303
1.344
1,339
1.306
1,450
1, 424
1.492
1.405
1. 395
1. 293
1,314
1.308
1,388
1. 540
1, 561
1. 578
1. 534
1,639
1.799
1.678
1. 624
1,482
1.487
, 583
1, 500
1, 527
Source: U. S. Department of Commerce, Office of Business Economics.
95
111
111
129
133
112
112
120
111
121
119
128
179
148
159
151
159
187
167
156
148
116
99
84
102
76
74
58
58
58
55
61
542
481
498
471
468
435
421
406
386
412
429
437
409
430
381
393
425
379
369
376
363
391
403
404
433
518
528
444
446
446
415
541
488
447
430
432
422
434
412
212
216
204
211
212
193
212
214
212
217
215
219
220
215
211
208
206
204
203
203
204
203
197
207
210
200
217
213
211
210
200
205
205
205
219
220
215
209
231
219
209
217
* BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1947. Series
added or revised since publication of the 1951 Supplement are indicated by an asterisk (*) and a dagger (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.
Data subsequent to August 1951 for selected series will be found in the Weekly Supplement to the SURVEY.
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
1951
1950
August
111
^ber "
October
November
December
U
January
^ry "
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS
1
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income total
bil of dol
Compensation of employees, total
do
\Vages and salaries total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income
totaled
do
Business and profession aid1
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
269.4 ;
172.1
163.6
137.1
274. 3
177. 4
168 8
140.5
8.5
48.8
24.1
16.4
8 3
8.7
48. 1
23.6
16.3
8.2
42.9
51 8
31. 1
20. 7
-8.9
5.6
43.0
45 4
27.0
is 4
-2.3
5.7
303 7
198 4
29.4
104 9
64.0
60 2
23 3
25.0
11.8
—2 7
318 5
208. 2
31.5
111. 5
65. 2
59 6
23 9
26. 5
9.3
—2 3
325 6
201.7
25.9
109. 5
66. 2
63 5
22 3
26. 7
14.4
5
40.8
21.2
19.7
47.8
20.4
52.9
31.9
21.1
60.0
38.5
21.4
227.3
20 2
207.1
4.6
238. 3
23 1
215. 2
16.8
244.1
26.6
217.5
9.3
250. 0
27. 1
222.8
21.1
245 8
157.3
149 7
127.2
5.0
17 5
7.7
45 6
23.2
14 3
8.1
260 1
165. 2
157 2
132 7
6.6
17.9
7.9
47 2
23.0
15 8
8.4
37 4
45 7
20 5
25 2
—8 3
5.5
42.2
50 3
22. 5
27 8
—8 2
5.6
Gross national product total
do
Personal consumption expenditures total do
Durable goods
do
Nondurable szoods
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
287 4
202 5
34.3
105 5
62. 7
47 3
23 5
24. 5
— .7
—3 2
Personal income, total
Less' Personal tax and nontax payments
Equals' Disposable personal income
Personal saving!
_
do
do
do
do
r
r
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil of dol
Wage arid salarv 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. of dol
Other labor income
_
do
Proprietors' and rental income
do
Personal interest income and dividends. _do
Total transfer payments
do
Total nonagricultural income
do
227.7
147.2
150.3
66.2
42.8
18.9
22.4
231.5
149.7
152.6
67.1
42.8
19.1
23.6
234 1
152.4
155. 6
69.3
43.1
19.3
23.9
236 4
154.2
157.3
69.9
43.2
19.5
24.7
244.4
155. 9
158.9
70.8
43.6
19.6
24.9
243.6
158. 0
161. 6
71.7
44.3
19.9
25.7
243.3
160.0
163. 4
72.4
44.5
19.8
26.7
245.5
162. 2
165.9
73.7
44.9
20.0
27.3
249 0
164.8
168.2
75.0
45.3
20.1
27.8
249 8
165. 1
168.8
74.6
45.6
20.2
28.4
251. 0
166. 4
169. 9
75.2
45.6
20.3
28.8
3.1
3. 6
46.1
18.9
11.9
2.9
3.6
45.3
21.6
11.3
3.2
3.6
46.3
19.7
12.1
3.1
3.7
47.2
19.5
11.8
3.0
3.7
48. 1
25.0
11.7
3.6
3.7
50.5
18.8
12.6
3.4
3.8
48.2
19.2
12.1
3.7
3.8
47.7
19.7
12.1
3.4
3.8
48.1
20.2
12.1
3.7
3.8
48.0
20.2
12.7
3.5
3.8
48.0
20.0
12.8
208.6
212.9
214.3
215 5
223.4
221.4
222.9
225.2
227.8
229 0
230. 1
r
r
r
r
252 4
167. 1
170 6
'74.8
T
46. 0
T
20. 3
r
29. 5
254 4
167 8
171 2
74.6
46. 3
20 4
29.9
3.5
3.8
'49. 2
* 19. 7
12.6
3.4
3.8
50. 3
19.8
12.7
230. 2
231. ">
NEW PLANT AND EQUIPMENT
EXPENDITURES
4,700
All industries, quarterly total
mil. of doL_
2, 050
Manufacturing
do
180
Mining
do
290
Railroad
do
120
Other transportation
do
820
Electric and gas utilities
do
1,240
Commercial and miscellaneousdo _..
T
Revised.
cf Includes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown
1
Estimates for July-September .1951, based on anticipated capital expenditures of business.
966814°—51——4
5, 830
2, 790
200
320
140
940
1,440
5,160
2, 460
180
300
120
750
1,340
6, 250
3, 140
200
410
140
890
1,470
i1 6, 800
3.
650
1
240
MOO
1
120
1
1 , 030
i 1,360
as a component of gross national product above.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total J
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
' 2, 590
' 2, 582
1,182
3,277
3,261
1,781
1,480
276
870
319
2,692
2, 672
1,216
1. 456
282
827
329
2,539
2,510
965
1,545
324
995
215
1,899
1,873
' 813
' 237
305
883
248
3,584
3,572
2, 038
1, 534
301
950
268
••389
414
'369
437
509
384
538
715
405
484
608
391
402
426
384
378
338
408
281
195
346
303
183
393
313
163
427
' 156
145
167
194
147
201
259
158
172
192
157
149
146
151
139
126
149
104
79
123
111
71
141
1935-39=100..
212
216
220
215
216
216
217
do _.
221
224
229
226
227
226
228
do ..
do
do
do
do
do
do do
do
249
236
177
192
170
279
212
212
212
253
245
179
196
170
283
216
219
209
263
253
176
198
165
303
223
225
217
260
246
168
197
153
311
226
228
221
266
253
158
195
140
321
227
230
219
264
255
153
190
134
322
224
226
220
221
242
172
223
287
273
223
239
175
229
284
265
240
249
177
269
291
271
233
231
182
250
278
249
227
211
178
246
292
260
-do
do
_ do _
do
do __
do
. do _
do
do_ ._
do
do ...
198
237
265
458
119
106
128
189
195
134
254
201
217
272
465
123
109
133
190
156
152
276
201
205
282
488
115
107
121
173
119
158
190
197
195
284
497
111
111
110
163
94
184
137
.do.__
do
do
do
do
do
do
do
do
do
do
do
191
181
238
176
200
161
236
189
155
366
172
204
194
184
243
178
195
172
244
191
152
380
171
181
202
193
251
183
196
183
250
197
162
374
180
170
do __
do __
do
do_ __
do
do
163
162
97
142
177
170
168
167
92
144
184
171
do_ _.
209
do
218
do
do
do
do
..do. .
do
do
do
.do
-do
do
_ do ..
do
do
do. do
do. _ _
. do _.
2,071
2,019
2,137
2,088
2,153
2,120
2,170
2,144
436
1,496
1,623
1,684
607
437
753
296
' 2, 652
' 2, 641
' 1, 085
1,556
'408
833
285
319
153
444
323
213
406
'397
'380
411
449
459
441
113
61
152
117
57
163
123
84
152
'151
'153
148
168
186
154
219
'222
223
223
••215
P221
231
232
232
233
'234
p230
268
252
154
193
134
328
217
215
222
275
263
160
195
141
335
209
202
225
278
264
169
185
161
337
210
204
225
277
263
168
173
165
"•336
276
261
164
166
163
'267
253
151
' 161
146
327
' 198
' 189
219
P272
223
193
178
251
285
246
221
186
176
253
304
262
232
207
180
269
314
265
243
231
183
292
311
255
241
242
184
275
196
189
288
504
107
106
109
161
90
203
111
196
211
288
506
116
108
121
155
90
193
105
196
198
291
510
125
120
128
149
101
142
100
194
185
296
524
118
104
127
149
120
147
97
195
175
298
530
106
97
112
152
153
150
103
201
191
253
178
195
182
250
193
158
381
164
174
197
188
263
182
197
179
251
194
158
397
160
142
203
192
272
187
202
164
244
194
163
392
156
177
208
198
269
183
198
176
235
194
174
390
144
170
208
198
269
184
199
179
239
188
175
374
133
161
169
170
102
151
184
161
159
165
84
138
184
124
153
163
80
143
178
93
159
169
96
151
184
94
153
163
89
125
185
94
211
216
215
218
221
220
225
224
229
231
247
165
151
212
212
212
214
167
215
251
166
150
216
209
215
206
169
225
261
166
150
223
217
229
214
168
262
260
169
155
226
221
227
214
175
247
268
173
162
227
218
235
232
173
265
195
248
269
120
108
168
150
155
134
194
203
271
124
111
167
148
168
142
196
182
277
115
106
162
145
158
147
195
207
280
109
108
161
143
165
149
197
208
284
108
106
165
141
171
142
' 1, 400
323
r
2,913
2,906
1,452
1, 454
170
557
1, 316
317
769
220
523
366
834
275
465
368
930
288
438
871
309
1,537
2,989
2 982
1 312
1 670
393
960
295
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
Manufactures
Durable manufactures.
Iron and steel
Lumber and products
Furniture
Lumber
_ ...
Machinery
Nonferrous metals and products
Fabricating
Smelting and refining
Stone, clay, and glass products
_ do
Cement
do
Clay products
do
Glass containers
do
Transportation equipment
_
do
Automobiles (incl. parts)
__do
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 .
Paper and products
Paper and pulp
Petroleum and coal products
Coke
Gasoline
Printing and publishing
Rubber products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
.
Tobacco products
Minerals
Fuels
Anthracite
Bituminous coal
Cm dp, pp.trolfmm
Metals
„„_,,,
Adjusted, combined indexcf
Manufactures
Durable manufactures
Lumber and products
Lumber
Nonferrous metals
_
Smelting and refining.
Stone, clay, and glass products
CementClay 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
-
'205
197
224
'338
'203
197
220
158
165
154
332
193
185
212
251
185
266
'308
239
'239
248
' 179
273
'299
'223
97
88
103
159
196
149
108
197
191
300
548
98
86
106
165
221
144
124
' 190
190
'301
' 553
83
71
92
' 176
221
141
' 194
215
205
255
185
193
188
238
185
153
380
146
167
212
201
263
186
207
179
247
190
164
377
144
172
209
199
'263
187
212
' 170
255
185
157
378
137
178
' 189
182
' 261
183
211
' 155
'249
'160
123
380
100
167
153
163
48
127
189
92
162
167
64
133
191
129
168
168
83
126
192
166
169
169
86
133
191
' 171
' 161
160
66
105
' 192
' 166
p 169
P 170
221
222
223
223
' 221
213
P 218
232
234
234
233
' 231
' 223
P 228
268
171
162
224
219
236
238
191
257
271
169
156
217
222
237
245
186
261
277
169
156
209
225
243
252
189
269
279
170
162
210
225
247
243
189
292
276
163
158
205
224
' 274
' 153
147
204
221
'239
235
186
269
r 266
P
P
P
P
P
P
201
248
287
115
107
168
142
162
161
201
225
288
122
112
166
142
148
158
199
207
292
118
105
167
146
159
176
198
187
296
106
97
168
147
163
169
'310
248
r
r 242
197
180
298
538
'236
231
184
257
r
198
179
298
97
88
167
148
149
166
' Revised.
p Preliminary.
JData for 1949-50 are being revised to incorporate changes in reports on production and sales of farm products. Revised figures for 1949-1950 will be shown later.
c? Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.
253
p
P
P
P
v
P
p
197
178
302
99
89
165
150
145
' 162
' 142
131
' 198
220
' 237
226
' 177
285
' 189
175
r 304
85
75
r 1(54
150
152
r IfiO
p 237
251
P 183
259
P 308
p228
p 197
179
P304
P 553
P 134
p 215
139
p 243
p 199
P 262
187
P
P
P
P
212
igg
253
171
145
363
190
74
134
P 194
P 170
269
147
137
193
212
227
222
P 175
249
P 194
P 178
P 307
P 163
p 148
162
P 19»
SURVJfir OF CURRENT BUSINESS
October 1951
1950
Unless otherwise stated, statistics through
1951 Statistical Supplement to the Survey
S-3
August
September
October
19 51
November
December
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index-— Continued
Adjusted cT — Continued
Manufactures— Continued
Nondurable manufactures— Continued
Paper and products
1935-39=100
Paper and pulp
do
Printing and publishing _
do
Tobacco products
do
191
181
169
197
194
185
172
172
202
193
179
165
201
191
174
171
197
189
175
153
204
192
170
177
207
197
177
179
208
198
176
170
214
204
183
177
212
200
176
172
'208
••198
'171
171
••190
183
r
!66
161
J>199
159
136
163
141
166
141
160
130
157
126
164
130
158
131
158
127
164
140
165
151
••165
»• 145
r
!56
'132
M56
Business sales (adjusted), total
mil. of dol
Manufacturing, total
do
Durable-goods industries
do
Nondurable-goods industries
do
Wholesale trade, total
do
Durable-goods establishments
_. . d o
Nondurable-goods establishments
do
Retail trade, total.
_.
do
Durable-goods stores
do
Nondurable-goods stores
_..
do
43, 419
21, 413
9,902
11, 511
9,066
3,144
5,922
12, 940
5,039
7,901
40,800
20,101
9,331
10, 770
8,337
2,791
5,546
12, 362
4,692
7,562
41, 197
20,684
9,756
10, 928
8,481
2,855
5,626
12,032
4,470
7,562
40, 611
20, 524
9,682
10, 842
8,320
2, 705
5, 615
11, 767
4,099
7,668
42, 246
21, 048
9,869
11, 179
8,595
2,773
5,822
12, 603
4,556
8,047
45, 899
22, 560
10, 430
12, 130
9,761
3, 273
6,488
13, 578
5,115
8,463
44, 796
22, 261
10,390
11,871
9, 222
3,011
6,211
13, 313
5,041
8,272
44, 205
22, 605
10, 851
11, 754
8,984
3,050
5,934
12, 616
4,572
8,044
43, 440
22, 479
10, 739
11, 740
8,684
2,925
5,759
12, 277
4,267
8,009
44, 737
23,434
11,150
12, 283
8,883
2,892
5,991
12, 420
4,280
8,140
43, 073
22, 133
10, 383
11, 750
8,679
2,789
5, 890
12, 261
4,208
8,053
41, 798
21,324
9,741
11, 583
8,384
2,624
5,760
12,090
4,000
8,089
42,826
21,700
9,991
11, 708
8,658
2,770
5,888
12,468
4,172
8,297
Business inventories, book value, end of month
(adjusted), total
mil. of dol_.
Manufacturing, total
do
Durable-goods industries
do
Nondurable-goods industries
do
Wholesale trade, total
_ do
Durable-goods establishments
do
Nondurable- goods establishments.
do
Retail trade, total
do.._
Durable-goods stores _
do
Nondurable-goods stores
.
do
53,619
29, 253
14, 205
15, 048
8,236
3,549
4,487
16, 130
6,809
9,321
55, 146
30,123
14, 486
15, 637
8,424
3,618
4,806
16, 599
7,106
9,493
57, 112
30, 947
14, 899
16, 048
8, 775
3, 850
4,925
17, 390
7,735
9, 655
58, 954
32, 245
15, 644
16,601
9,005
4,003
5, 002
17, 704
8,060
9, 644
60, 434
33, 253
16, 359
16, 894
9,388
4,163
5,225
17, 793
8,095
9,698
62, 050
34. 120
16, 877
17,243
9, 475
4,170
5,305
18, 455
8,257
10, 198
63,416
34,657
17, 251
17, 406
9,715
4,328
5, 387
19, 044
8,484
10, 560
65, 240
35, 557
17, 576
17, 981
9,940
4,474
5, 466
19, 743
9,197
10, 546
67,361
36,908
18, 171
18, 737
10, 107
4,672
5.435
20,346
9,598
10, 748
68,981
38,068
18,923
19, 145
10, 270
4,880
5,390
20,643
9,684
10, 959
69,442
39,009
19, 598
19, 412
10, 151
4,887
5,264
20,282
9,562
10,720
70,228
39,894
20,289
19,605
10, 255
5,045
5,210
20,079
9,494
10,585
69,975
40,536
20,907
19, 629
9,998
4,969
5,029
19, 441
9,144
10,297
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf
Sales:
Value (unadjusted), total
mil of dol
Durable-goods industries
do
Nondurable-goods industries
_.do
22, 251
10, 163
12, 088
20, 977
9,762
11,215
22, 216
10, 502
11, 714
20, 592
9,590
11,001
21, 028
9,984
11, 043
22, 177
10, 014
12, 163
21, 176
9,725
11, 451
23, 662
11, 457
12, 205
21. 851
10, 630
11, 220
22,603
10, 827
11, 776
21, 912
10,567
11, 345
19, 673
8,893
10, 781
P 22, 506
P 10, 243
P 12, 264
Value (adjusted), total
do
Durable-goods industries, total
do
Primary metals
_. .
do
Fabricated metal products
do
Electrical machinery and equipment- do_
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and
fixtures
_ do
Lumber products, except furniture
do
Stone, clay, and glass products
_ do
Professional and scientific instruments, do
Other industries, including ordnance do
21, 413
9,902
1,712
1,051
1, 052
1,481
1,923
379
337
712
507
215
533
20, 101
9,331
1,697
981
1,044
1,383
1,651
345
309
674
489
213
545
20, 684
9,756
1,805
1,090
1,069
1,481
1,650
350
308
726
506
213
556
20,524
9,682
1.813
1,075
1,012
1,525
1,560
377
323
713
527
203
554
21, 048
9,869
1,926
1,124
1,035
1,552
1,578
362
283
719
485
227
578
22, 560
10, 430
1,956
1,173
1,122
1,654
1,648
360
297
775
533
228
683
22, 261
10, 390
1,830
1,176
1,092
1,726
1,666
391
296
743
535
279
656
22, 605
10, 851
1,953
1,171
1,140
1,796
1,859
407
350
754
570
245
608
22, 479
10, 739
2,072
1,230
1, 023
1,772
1,691
452
322
782
506
239
650
23,434
11, 150
2,158
1,184
1,044
1,801
1,872
478
336
775
584
257
661
22, 133
10,383
2,054
1,064
1,000
1,760
1,734
449
292
713
548
225
544
21,324
9,741
1,974
1,026
870
1,708
1,523
514
244
623
508
232
519
P 21, 700
9,991
1,850
1,021
*977
1,765
1,675
P505
P271
11, 511
2,978
709
284
1,257
915
335
615
638
1,461
1,867
454
10, 770
2,862
508
253
1,188
751
308
605
628
1,413
1,852
402
10, 928
2,906
486
274
1,151
854
308
632
632
1,448
1,836
402
10, 842
2,869
453
280
1,132
848
262
641
654
1,441
1,866
397
11, 179
3,092
545
270
1,172
826
279
649
628
1,468
1,831
420
12, 130
3,296
585
291
1,314
1,059
329
688
675
1,628
1,811
454
11, 871
3,234
506
287
1,351
926
337
681
693
1,590
1,832
434
11, 754
3,228
504
261
1,308
797
318
699
696
1,628
1,856
459
11, 740
3,235
484
281
1,354
768
294
680
757
1,596
1,853
439
12,283
3,431
574
288
1,432
792
307
711
786
1,643
1,887
432
11, 750
3,151
599
272
1,279
841
315
686
748
1,543
1,884
433
11, 583
3,032
591
278
1,182
940
298
637
740
1,535
1,912
438
P 11, 708
P 2, 933
28, 978
14, 149
14, 829
29, 727
14,400
15, 328
30,586
14, 742
15, 844
31, 987
15, 443
16,543
33, 311
16, 202
17, 109
34, 409
16. 797
17, 612
35, 034
17, 304
17, 730
35, 970
17, 763
18, 207
37, 054
18, 331
18, 723
38, 262
19, 178
19,084
39,085
19, 740
19, 344
39, 825
20,368
19, 457
40,200
20,822
19, 378
Minerals
Metals
do
do
P177
183
BUSINESS SALES AND INVENTORIES§ f
Nondurable-goods industries, total
__do_ _
Food and kindred products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products
__do_
Apparel and related products
do
Leather and leather products
do_ _
Paper and allied products
do
Printing and publishing
doChemicals and allied products
do _
Petroleum and coal products
__do
Rubber products
do
Inventories, end of month:
Book value (unadjusted), total
Durable-goods industries
Nondurable-goods industries
By stages of fabrication: 9
Purchased materials
_
Goods in process
_ _ _ __ _
Finished goods
do
do__
do __
P535
P289
P 1, 154
P867
P312
P 1,553
v 2, 061
P438
do_ _
_ do
do
39, 009
39, 894
40,536
38, 068
36, 908
35, 557
33, 253
34, 120
34, 657
29,253
32. 245
Book value (adjusted), total
_do
30, 947
30, 123
19, 598
20, 289
20,907
18, 923
18, 171
17, 576
16, 359
17, 251
15, 644
14, 899
16,877
14, 205
Durable-goods industries, total.. _
do
14, 486
2,494
2,324
2,353
2,426
2,298
2,294
2,384
2,358
2,164
2,222
2,329
2,276
2,371
Primarv metals
_
_ do_ _
2,291
1,872
1.962
2,056
2,133
1,828
1,741
1,785
1,791
1,652
1,738
Fabricated metal products _ _
do_
1,688
1,627
2,674
2,574
2,338
2,465
2,180
2,009
2,077
1,959
1,897
1,718
1,628
1,611
Electiical machinery and equipment— _do
' 1, 610
4,618
4,286
4,410
4,509
4,136
4,006
3.897
3,651
3,789
3,304
Machinery, except electrical
do_
3,202
3.468
3,118
2,336
2,390
2,440
2,477
2,275
2,175
2,144
2,183
2,200
1,764
2,056
1,866
Motor vehicles and equipment
do
1,737
1,473
1,746
1,273
1,657
1,367
1,211
1,114
905
1,034
762
835
735
Transportation equipment, n. e. s
do
706
612
601
588
570
578
572
575
533
558
452
462
490
458
Furniture and
fixtures
do —
1,032
1,008
950
990
1,017
902
852
896
829
782
769
732
745
Lumber products, except furniture
do —
762
801
837
837
741
680
711
654
628
592
582
600
587
Stone, clay and glass products
do
649
679
596
635
570
549
546
518
502
533
460
471
483
Professional and scientific instruments, do
1,458
1,490
1,351
1,406
1,298
1,251
1,208
1,136
1.131
1.045
1.010
1.127
Other industries, including ordnance, do
1.068
r
Revised.
P Preliminary.
cfSee note marked 'V" on p. S-2.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. unadjusted
data for manufacturing are shown below on pp. S-3 and S-4; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.
tRevised series. All components of business sales and inventories have been revised; for earlier data and appropriate explanations of changes in classifications, see pp. 15-24 of this
issue of the SURVEY. Manufacturers' sales and inventories have been revised beginning 1948, wholesale trade beginning 1939, and retail trade beginning 1940.
9 Not available. Data will be shown in a later issue.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1950
August
September
October
1951
November
December
January
February
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 leather products
doPaper and allied products
_ _ _ _ do
Printing and publishing
do
Chemicals and allied products
do~
Petroleum and coal products
do
Rubber products _
__ _
do-
15, 048
2 733
982
1 522
2, 104
1 356
495
645
576
2,064
2 090
479
15, 637
2 775
1,097
1 639
2,202
1 387
510
658
605
2, 117
2 148
499
16, 048
2,876
1,071
1 658
2,327
1 399
525
669
604
2,197
2 203
521
16, 601
2,939
1,107
1 658
2 462
1 522
540
687
622
2,280
2 225
560
16, 894
3 006
1,073
1 650
2 531
1 586
562
732
632
2,356
2 219
547
17, 243
3, 112
1, 112
1 613
2 662
1 565
613
761
670
2,383
2 191
562
17, 406
3 191
1, 149
1 591
2 710
1 543
590
779
678
2,424
2 196
555
17, 981
3 330
1,222
1 605
2 800
1 590
640
808
684
2,520
2 228
554
18, 737
3 551
1 242
1 630
3 046
1 616
666
840
661
2,626
2 294
565
19, 145
3 580
1 254
1 652
3 137
1 667
677
855
681
2,699
2 360
583
19, 412
3 542
1,254
1 642
3,214
1 687
691
887
694
2,771
2 420
610
19, 605
3 554
1,209
1 656
3,222
1 746
652
917
702
2,850
2 481
616
19, 629
3,607
1,158
1,671
3,161
1,692
618
927
711
2,932
2,536
616
New orders, net (unadjusted), total
_ do
Durable-goods industries, total
do
Primary metals
do.
Fabricated metal products
.
-do
Electrical machinery and equipment
do
Machinery, except electrical
do
Transportation
equipment, except motor
vehicles
mil. of dol
Other industries, including ordnance
do
Nondurable-goods industries, total
do
26, 752
14, 305
2,479
1,704
1,420
2,293
23, 485
12, 061
2,184
1,350
1,558
1,815
23, 744
12, 168
2,174
1,447
1,229
1,860
21, 367
10, 302
1,955
1,283
969
1,682
22, 792
11, 624
2,242
1,244
1,463
2,234
27, 940
14, 800
2,396
1,698
1,402
2,680
25, 554
13, 263
2,110
1,476
1 399
2,810
28, 220
15, 272
2,587
1,441
1,732
2,644
23, 517
12, 684
2,264
1,282
1,304
2,304
22, 830
11, 653
2, 175
1,147
1 246
2,308
22, 361
11, 564
1,977
1,091
1,453
2,291
20, 790
10, 469
2,037
937
1,284
2,259
p 22, 528
* 10, 692
v 1, 928
v 1, 124
p940
v 2, 088
1,401
5,008
12, 447
780
4,373
11, 424
800
4,659
11, 576
419
3,994
11, 065
483
3,959
11, 168
1,695
4,930
13, 139
996
4,472
12, 291
1,847
5,020
12, 948
1,089
4,441
10, 834
715
4,064
11, 176
915
3,838
10, 797
664
3,289
10, 321
p691
p 3, 921
p 11, 836
Unfilled orders (unadjusted) total
do _ _
Durable-goods industries, total
do
Primary metals
do
Fabricated metal products
do_ Electrical machinery and equipment
do
Machinery except electrical
do
Transportation
equipment, except motor
vehicles
mil. of dol
Other industries, in eluding ordnance
_ do
Nondurable-goods industries total
do
32, 705
27, 783
5,842
3,579
3,026
4,529
35, 243
30, 112
6,264
3,827
3,543
4,953
36, 748
31, 755
6,528
4,073
3,626
5,295
37, 367
32, 310
6,673
4,299
3,553
5,586
39, 109
33, 927
6,917
4,439
3,860
6,255
44, 947
38, 789
7,325
5,054
4,186
7,394
49, 412
42, 414
7,676
5,464
4,518
8,575
53, 779
46, 038
8,190
5,704
5,029
9,276
55, 530
48, 175
8,486
5,858
5,287
9,739
55, 792
49, 038
8,589
5,884
5, 541
10, 178
55, 901
49, 695
8,518
5,868
6,008
10, 144
57, 018
51, 271
8,822
5,879
6,530
10, 803
v 57, 039
* 51, 720
P 8, 827
P 5, 832
P 6, 549
P 11, 122
5,378
5,428
4,922
5,809
5, 715
5,131
6,263
5,971
4,993
6,316
5,882
5,057
6,407
6,048
5, 182
7,756
7,074
6,158
8,391
7,789
6,998
9,793
8,048
7,741
10, 420
8,385
7, 354
10, 658
8,188
6,755
11, 074
8,082
6,206
11, 268
7,969
5,746
p 11, 501
p 7, 890
p 5, 319
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
Operating businesses end of quarter total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
3, 997. 7
366.9
303 3
856.2
1.686.4
204.8
579.9
thous
do
do
do
do
do
do
3, 985. 6
365.5
303. 1
853.6
1, 676. 9
205.0
581. 6
p 4, 008. 8
p 372. 1
p 307. 1
p 856. 2
P 1, 678. 5
p 206. 5
p 588. 4
New businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
\Vholesale trade
•\_11 other
do
do
do
do
do
do
do
95.2
14.8
10.4
17.8
35 3
4 3
12.5
80.7
12.2
9.6
15. 4
27. 7
3. 7
12.2
122.0
21.0
14.4
21.9
41.3
5.3
18.1
Discontinued businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
AVholesale trade
All other
do
do
do
do
do
do
do
83. 6
10.3
10. 5
16.0
35.1
33
8.4
92.8
13.6
9.8
18.0
37.3
36
10. 5
P98. P
P 14. 5
P 10.4
P 19.2
P39. 7
p 3. 8
P 11.2
Business transfers quarterly total
do
88.2
67.0
93.8
BUSINESS INCORPORATIONS
7,201
6,277
6.782
6,256
6, 780
8,515
6, 590
7,649
7,653
7,544
6,810
number
do_
do
do
do_-_
do
787
51
91
173
402
70
648
43
75
147
314
69
707
64
91
150
339
63
683
67
87
150
310
69
679
67
62
143
330
77
775
63
97
132
410
73
599
59
60
107
304
69
732
69
83
115
377
88
693
52
81
119
365
76
755
64
94
128
385
84
thous. of dol
do
do
_ _ . _ do._
do
do
18 448
2,077
1,233
7,225
5 685
2,228
15, 254
1,450
1,303
5,855
4,775
1,871
16, 649
2,009
2,410
5,949
4.683
1,598
18, 864
1,742
2,726
8, 412
4,235
1,749
21, 044
3,205
4,748
5,352
5, 479
2,260
21, 685
1,482
2,393
5. 175
10, 376
2,259
16, 009
1,399
2,228
6,134
4,357
1,891
17. 652
1,375
3, 292
5,169
5, 605
2,211
17,064
1,055
2,268
5,894
5,647
2,200
23, 504
1,871
4.655
5,497
7,487
3,994
New incorporations (48 States)
number
r
6, 428
P 6 500
699
43
71
129
390
66
665
55
74
130
340
66
678
56
89
136
333
64
22, 773
1,006
3, 085
5,014
7,434
6,234
21,088
1,398
2,666
7,790
4,778
4.456
26 417
1 358
4 290
10, 497
6 173
4,099
INDUSTRIAL AND COMMERCIAL
FAILURES^1
Failures total
Commercial service
Construction
_ - ._
Manufacturing and mining
Retail trade
-- -.
Wholesale trade
Liabilities total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
r
_-
Revised.
p Preliminary.
f Revised series. See corresponding note on p. S-3.
cf Data are from Dun & Bradstreet, Inc.
SURVEY OF CURRENT BUSINESS
October 1951
S-5
1950
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August
September
October
19 51
November
December
January
February
March
April
May
June
July
August
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products§.__-1910-14 = 100-_
Crops
do
Food grains
do
Feed grains and hay
do
Tobacco
_
do
Cotton _ _ _ _
_- _
. _do_ _
Fruit
do
Truck crops
_____ _
__..do _
Oil-bearin0" crops
do
Livestock and products
do
Meat animals
do
Dairv products
do
Poultry and eggs
do
267
239
224
193
399
311
200
164
293
292
369
240
191
272
243
221
194
428
336
217
126
303
298
372
248
196
268
238
219
188
426
327
207
138
300
296
358
261
201
276
250
224
192
428
340
194
188
351
299
357
267
209
286
258
233
202
436
339
202
211
366
311
360
272
249
300
240
214
442
347
192
324
374
323
391
286
203
313
283
254
222
440
351
204
333
379
340
425
285
205
311
276
245
221
437
359
202
265
386
343
428
280
217
309
275
247
222
438
3f>3
209
225
385
340
428
273
215
305
271
244
223
438
357
194
239
380
335
418
270
221
301
263
240
217
438
353
200
189
358
335
422
269
217
Prices paid:
All commodities
1910-14 = 100__
Commodities used in living
do
Commodities used in production
do
All commodities, interest, taxes, and wage rates
1910-14 = 100..
248
248
249
252
252
251
253
254
251
255
256
254
257
257
257
262
2(!0
264
267
2C5
270
272
209
274
273
269
276
272
270
274
272
270
273
257
260
261
263
265
276
280
283
283
103
105
103
105
108
110
113
111
109
108
All commodities (U. S. Department of Commerce
index) __ __
1935-39 = 100
190.8
192.6
193.9
194. 9
198.4
202.4
204. 9
205. 8
205. 6
206. 5
Coal (U. S. Department of Labor indexes):
Anthracite
Oct 1922-Sept. 1925-100
Bituminous
do
153. 9
162. 4
155.8
164.0
157.4
166. 6
158. 6
167.0
159. 7
167. 3
ItH). 3
167.9
168.3
168.7
170.0
168. 9
169. 1
168. 6
Consumers' price index (U. S. Dept. of Labor):
All items
1935-39 — 100
Apparel
__ _
do
Food
do
Cereals and bakery products
do
Dairy products
do
Fruits and vegetables
do
Meats, poultry, and
fish
do
Fuel, electricity, and refrigeration
do
Gas and electricity
do
Other fuels
do
House furnish ings
_
_ _. _ do .
Rent
do
Miscellaneous
do
173.4
185.7
209. 9
175.5
184.3
193 4
260. 7
140.2
96.8
192 9
189.1
131.6
156.8
174.6
189.8
210.0
176.9
186.9
186. 0
261.0
141.2
96.9
196. 1
194.2
131.8
157.8
175. 6
193.0
210. 6
177.2
191.9
189.8
253. 3
142.0
96.8
199.2
198.7
132.0
158.3
176.4
194. 3
210. 8
177.6
192. 8
195. 7
250. 3
142.5
96.8
200.8
201.1
132.5
159.2
178. 8
195.5
216. 3
177.7
194. 0
203. 9
253. 4
142.8
96.8
201.7
203. 2
132. 9
1 60. 6
181.5
198.5
221.9
185.4
202.6
214.1
263. 6
143.3
97.2
202.3
207.4
133.2
162. 1
183.8
202.0
226. 0
187.1
204.4
224.3
270.1
143.9
97.2
204. 5
209. 7
134. 0
163.2
184.5
203.1
226. 2
187.5
204. 6
217.1
272 2
144'. 2
97.2
205. 0
210.7
134.7
164.3
166.4
169. 5
169.1
171.7
175.3
180.1
183.6
161.2
179.1
159.3
177.6
167. 7
217. 3
163. 7
164.0
181.8
165.7
180.4
166. 5
211.3
166. 9
163. 5
180. 2
169.3
177.8
165. 3
198.7
166.9
165.1
184. 5
173.0
183. 7
172.1
197. 3
168. 8
169.0
187.1
178.1
187.4
180.9
204. 9
172.4
173.1
192. 6
185.0
194.2
186. 6
222.2
176.7
1 75. 5
199.1
187.1
202.6
192.0
238.2
179.2
174.6
154.9
148.0
132.0
240.2
177.2
155. 5
154.7
131.0
241.0
172. 5
153. 8
160.8
129.5
223. 7
175.2
154. 1
164. 1
140.4
223. 4
179.0
157.6
164.4
138.0
233. 7
182.2
163. 0
171.5
136.1
242. 7
155.5
213.9
167.9
135.5
357. 6
142.4
159. 2
219.7
170.2
130.3
371.5
145. 9
161.5
218.9
177.2
140.2
358. 4
145.7
163. 7
217.8
1 77. 6
140.8
347. 6
148.2
166. 7
221.4
179.1
141.2
348. 4
1 54. 9
Paritv ratio 9
do
r
294
252
236
213
438
329
175
204
317
332
414
272
222
292
244
234
215
430
291
207
181
294
336
416
277
231
272
270
273
271
270
273
282
282
282
107
104
104
206. 6
206. 7
206. 3
162. 9
165. 9
165. 2
165. 6
166. 5
166. 5
171.2
166.7
184. 6
203. 6
225.7
188.3
204.1
214.8
272. 6
144. 0
96.9
205. 0
211.8
135. 1
164.6
185.4
204.0
227.4
188.2
203.5
221.6
272.8
143. 6
97.3
202. 4
212. 6
135.4
165. 0
185.2
204.0
226.9
188.4
203. 9
219. 9
271.6
143.6
97.1
202.8
212.5
135.7
164. 8
185.5
203.3
227.7
189.0
205.1
218.5
273.2
144. 0
97.2
203.7
212.4
136. 2
165.0
184.0
183. 6
182. 9
'•181.7
175. 8
199. 4
187. 5
203. 8
188.0
241.2
179.3
176. 1
197.7
187.1
202. 5
189.1
240.9
179.2
176.2
195.5
186.4
199.6
185.6
234.8
179.0
r
187.6
166.3
173.0
142. 4
255. 2
186. 6
164.5
170.3
139.9
254.5
185.8
164.5
166.6
140.0
255. 1
187.3
163. 6
164.9
146.5
257. 2
170.3
226. 1
1 80. 7
147. 2
356. 8
162.1
171.8
228.1
180.8
147.1
359. 8
164.0
172.4
228.5
180.8
147. 1
361.2
1 64, 4
172. 3
228. 5
180. 8
147. 2
361.0
164.7
171.6
227.8
180.8
147.2
358. 8
163.7
r
RETAIL PRICES
r
1
185. 5
203. 6
227. 0
188.7
205. 9
208.9
275.0
144.2
97.3
204.2
210. 8
136.8
165. 4
WHOLESALE PRICES,?
U. S. Department of Labor indexes::]:
All commodities
1926 = 100__
Economic classes:
Manufactured products
do
R a w materials
___ _ _ _ _
do
Semimanufactured articles
do
Farm products
do
Grains .
_
_
_
do
Livestock and poultry
do
Commodities other than farm products _ _ do
Foods
_
Cereal products
Dairy products
Fruits and vegetables
Meats, poultry, and
fish
do
do
do
do
do
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
179.5
178.0
175.1
189, 9
174,0
194.0
178.0
233, 9
176.0
174. 5
187. 5
170.0
190. 6
180.4
233. 1
175.0
186.3
162. 3
163.4
146.3
255.2
186.0
162.3
167.5
144.3
254.6
187.3
169. 9
169.0
142. 6
256.9
r 170.5
225. 6
180.8
147.2
352. 3
161. 6
168.7
223. 8
180.8
147.2
347. 1
159.1
167. 3
222. 6
180.9
147.2
342.8
158. 0
139.4
1 43. 1
184.7
119.0
139.3
140.1
144.4
184.6
117.8
139.8
137.9
194.6
138. 1
194. 6
r
175. 5
194.7
180.0
198.6
178.6
235. 8
177.8
Chemicals and allied products
Chemicals
Drugs and pharmaceutical materials
Fertilizer materials
Oils and fats
do
do
do
do
do
122.5
121.9
135.0
1 12. 1
142 7
128.7
125. 4
153. 4
111.4
163. 9
132. 2
131.6
161.1
111.2
160.3
135.7
134.3
163.8
112.0
171.5
139.6
136. 1
175.1
115.6
] 80. 9
1 44. 5
138. 1
1 84. 4
118.1
200. 4
147.3
139.0
185.2
118.1
217. 3
1 46. 4
138.2
1 85. 1
J18. 1
214.6
147.9
145.0
184.5
117.8
198.7
145.7
145.2
1 85. 2
117.1
181.0
Fuel and lighting materials _
Bituminous coal
Electricity
Gas
Petroleum and Droducts
do
do
do
do
do
1 34, 2
192 5
65. 5
88. 1
116.8
134.9
193 2
65. 6
89. 0
117.8
135.3
193 3
65. 2
88 9
118.0
135.7
193.3
65. 5
90, 5
118. 1
135.7
193.2
65.7
90.2
118.0
136.4
1 93. 2
65. 7
90.0
119. 4
138.1
1 97. 5
66. 4
92.2
119.4
1 38. 6
197.1
65. 1
93.8
120.3
138.1
195.6
64. 8
93. 3
120.0
137.5
195. 2
64.7
92.9
119.7
137.8
1 95. 5
64. 7
92.9
120. 0
Hides and leather products
Hides and skins
Leather
Shoes
do
do
do
do
195.6
238. 2
192.3
191.4
203. 0
264. 7
196.8
194. 9
208. 6
266. 3
201.3
200. 5
211. 5
269. 3
204. 9
203. 7
218. 7
277. 5
213. 8
209. 3
234. 8
318.2
224. 8
219.4
238. 2
317.8
229. 1
224. 6
236. 2
313.0
229.2
222.0
233.3
297.8
228.7
223. 5
232.6
293. 8
228.2
223. 8
230. 6
284, 3
227.5
223. 3
r
r
r
142.3
r 144.1
185.3
1 1 5. 1
161.2
T
93. 8
120.4
120.5
221.9
250. 7
216.8
222. 4
213. 6
222. 1
203. 4
222. 1
r
Housefurnishing goods
do
153.9
1 59. 2
163.8
166.9
170.2
175.4
180.1
174.7
178. 8
180.0
1 79. 5
178.9
176.2
r
Furnishings
do
162. 8
173.6
1 76. 6
168. 1
186. 9
180.6
193.4
186.2
195.9
195.9
1 96. 3
194.6
190. 2
149.9
Furniture __
do
144. 6
153. 6
156. 7
1 59. 2
162.7
163.2
163.2
163. 1
162. 9
161.5
162.3
161.4
r
Revised.
* Index on old basis for correspond ing month is 185.6.
§ September 1951 indexes: All farm products, 291 crops, 239 ; food graiiis, 233; fee d grains aiid hay, 21 f ; tobacco, 123; cotton 2*3; fruit, 201; truck crops, 101; oil-bearing crops, 288 ; livestock
and'pro-diicts, 337; meat animals, 411; dairy product 3, 283;poul try and eg gs, 247.
9 Ratio of prices received to prices paid (includiiig interest taxes, anc1 wage rates).
c? For actual wholesale prices of individual comir odities, sec^ rcspectiv 3 commodi ;ics.
J Indexes for the latest 2 months are preliminary and are currrently re^ Tised to incCorporate c orrections received ii i the 2 moi iths follow ing. Any additioria correction s received are in corporated in final annual summaries issued in the mid lie of the 5 ear.
SUEVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1950 and descriptive notes are sliown in the
1951 Statistical Supplement to the Survey
October 1051
1950
August
September
October
1951
November
December
January
February
March
April
May
June
July
August
COMMODITY PRICES—Continued
WHOLESALE PRICESc?—-Continued
U. S. Department of Labor indexes:!—Continued
Commodities other than farm prod., etc.—Con.
Metals and metal products
1926=10CL
Iron and steel
do_-_
Nonferrous metals
do. _ _
Plumbing and heating
do.__
174.4
171.0
156.3
164.6
176.7
172.2
166.1
166.9
178.6
173. 2
173.3
177.2
180.4
174.0
181.7
182.5
184.9
182.1
182. 5
183.6
87.5
85.7
87.9
83.7
188.1
185.7
191.1
183. 7
188.8
185. 6
183.5
183.7
189.0
185.9
184.1
183.7
188.8
185. 9
182.8
183.7
188.2
185. 9
178.2
'183. 5
188.0
185. 9
175. 6
183.6
188.1
185. 9
175.3
184.6
177. 7
164.0
228.7
112.9
43.1
73.2
r
225. 3
' 173. 3
164.8
'217. 9
111.2
43.1
71.1
' 220. 4
168.0
165.3
204. 8
110.2
43.1
68.7
221.3
r
Textile products
Clothing
Cotton goods
Hosiery and underwear
Rayon and nylon
Silk
Woolen and worsted goods
do. - do _ - _
do._.
do...
do...
do__.
do.-_
149.5
145.2
206.8
101.2
41.3
65.6
157.7
158.3
146. 7
221.6
105.3
41.7
64.9
178.7
163.1
147. 7
225.7
109.2
42.5
65.3
189.1
166. 8
151.4
231.7
111.4
42.7
69.0
192.7
171.4
155.4
236. 6
113. 7
43.0
75.0
195.6
78.2
61.6
39.2
15.2
43.1
86.1
17.4
181.1
163. 9
240.5
113.8
43.1
90.8
227.3
183.2
163.9
239.9
113. 5
43.1
90.8
240.2
182.8
163.9
236.2
113. 5
43.1
85.2
243.7
182.1
164.0
234.1
113.4
43.1
76.3
244.5
Miscellaneous
Tires and tubes
Paper and pulp
do.
do.
do_
124.3
75.0
163.9
127'.4
77.4
167.1
131.3
78.1
173.4
137. 6
82.3
178.7
140.5
82.5
189.0
42.4
82.8
96.5
142.7
82.8
196. 5
142.5
82.8
196.3
142.7
82.8
196.2
141.7
82.8
196.2
141.7
82.8
196.2
138.8
82.9
197.2
138.2
82.9
198.7
48.3
57.7
47.6
47.5
57.3
47.6
47.5
56.9
47.5
46.8
56.7
47.4
45.8
55.9
46.2
44.6
55.1
45.1
43.8
54.4
44.2
43.7
54.2
44.2
43.8
54.2
44.3
44.0
53.9
44.0
44.2
54.0
44.1
44.8
53.9
43.9
45.2
53.9
44.1
2, 729
r 2, 793
2,843
' 1, 894
'947
-•840
1,893
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumers' prices
Retail food prices
1935-39 = 100 _
do
do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
2,817
2,848
2,773
2, 569
2,234
2,100
1,973
2,188
2,387
2,556
r
Private, total
do
Residential (nonfarm)
do
New dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. of dol
Industrial
.- do . _ _
Commercial
do
Farm construction
_
_ do_ _
Public utility
do
2,090
1,322
1,212
93
2,095
1,322
1,211
94
2,025
1,247
1,145
84
1,901
1,131
1,040
1,721
1,003
1,586
1,518
1,603
1,673
1,739
' 1, 859
333
91
114
127
297
354
101
121
115
297
Public total
do
Residential
do
Nonresidential building
do
Military and naval
do
Highway
do. Conservation and development
do
Other types
_ _ . __do_ __
727
27
213
16
295
87
89
753
28
230
21
298
84
92
New construction, total
mil. of dol
73
923
62
902
830
55
382
112
136
95
294
403
120
149
81
279
395
125
140
71
247
378
129
122
72
229
384
135
121
76
226
399
142
128
83
264
407
150
125
95
283
435
162
130
113
305
r
463
r
748
30
247
28
265
84
94
668
31
228
26
221
76
86
513
30
216
24
103
65
75
514
33
224
29
95
60
73
455
36
210
29
65
49
66
585
42
251
39
110
64
79
714
44
292
59
160
73
86
817
46
312
72
215
80
92
827
750
60
852
775
61
882
795
71
881
785
80
939
835
88
90
933
825
91
131
126
326
M65
••190
120
134
343
457
197
108
140
357
870
50
313
79
250
83
95
899
52
316
90
260
85
96
950
58
319
110
280
86
97
178
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
49, 498
40. 168
38, 121
42, 057
48, 376
52, 700
49, 604
46, 856
44, 755
50, 284
70, 449
Total projects
number
44, 334
46 319
Total valuation
- thous. of dol 1, 548, 876 1, 286, 541 1,135,815 1, 087, 062 1, 168, 432 1, 043, 248 1,140,527 1, 267, 450 1, 374, 991 2, 572, 961 1, 408, 932 1,379,830 1,262 811
332, 032
456, 319 1, 474, 166
320, 426
305, 941
418, 457
381, 330
583, 146
364, 298
308, 118
437, 770
Public ownership _
_ do
615, 370
486, 452
787, 102
808, 495
848, 993
918, 672 1, 098, 795
827, 697
766, 636
737, 307
825, 786
922, 243
1,111,106
Private ownership
do.
776 359
764,460
Nonresidential buildings:
Projects
number
Floor area
thous. of sq. ft
Valuation
_ - _ _ . _ _ thous. of doL
Residential buildings:
Projects
- number, .
Floor area
thous. of sq. ft
Valuation
thous of dol
Public works:
Projects
number
Valuation
thous. of dol..
Utilitics:
Projects
number
Valuation
_ - thous. of dol
5.987
51, 741
540, 989
5,094
47, 458
498, 725
4,830
42, 583
426, 820
4,868
41,472
434, 894
4,532
40, 069
490, 375
4, 614
43, 971
461,016
3,198
37, 099
431, 166
4,222
43, 301
469, 254
4, 259
4,421
41, 473
44, 804
518, 021 1, 633, 908
4,463
41, 162
553, 280
4,496
39 926
536, 533
4 170
36 700
475 957
62. 025
89, 033
754, 106
42. 906
65, 069
549. 585
42, 960
64, 945
529, 867
40, 368
60, 810
496, 682
34, 152
56, 353
478, 583
32, 455
49, 300
420, 918
37, 742
60, 859
531, 146
42, 497
65, 761
574, 569
43, 197
65, 180
590, 848
45, 856
73, 596
661, 094
37, 588
60, 496
545, 152
37, 173
58, 823
548 144
39, 864
60 372
567 566
2,020
200, 431
1,812
145, 728
1,445
119, 633
1,235
106, 572
1, 151
160, 227
128, 536
123, 962
838
1,318
166, 435
1.583
183,080
2,016
186, 868
2,204
183, 973
2 151
190, 884
1 927
160, 368
417
53, 350
472
92, 503
369
59, 495
385
48, 914
333
39, 247
279
32, 778
279
54, 253
339
57, 192
459
83, 042
407
91, 091
500
126, 527
514
104, 269
358
58 920
346
358
334
362
323
332
321
332
285
285
299
294
276
272
306
284
268
253
332
297
272
259
333
312
280
276
323
311
307
307
304
292
424
331
373
283
435
325
361
276
436
317
374
289
T
329
r
301
r
303
r
302
287
290
290
thous. of dol.. 1, 164, 682
959, 530
Value of contract awards (F. R. indexes):
Total unadjusted
1923-25-100
Residential unadjusted
do
Total adjusted
- - . do.
Residential adjusted
do
Engineering construction:
Contract awards (E. N. R.)§
773
950, 526 1,012,046 1,424,619 i, 266, 892 1,271,065 1, 406, 456 1,053,434 1,267,995 1, 027, 087 1,378,640 1,145,715
Highway concrete pavement contract awards:©
3,605
3,084
i 3, 1738
5, 650
4, 836
6,589
4,114
Total
thous. of sq. yd
299
200
50
28
190
1.222
477
Airports
_.
do
3. 199
2,890
i 2, 065
2,400
1, 333
1,634
1,314
Roads
do
1,471
i 1, 645
2, 252
1,214
3,509
2,304
1, 920
Streets and alleys
do
r
l
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.
§Data for August and November 1950 and March, May, and August 1951 are for 5 weeks; other months, 4 weeks.
OData for August and November 1950 and January, May, and August 1951 are for 5 weeks; other months, 4 weeks.
298
4,920
690
2, 326
1,904
4,959
966
1,957
2,036
5,946
1.278
2,329
2,339
7, 562
2,841
1,939
2,782
9,248
4, 335
2 840
2,073
4,508
714
1 436
2,358
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-7
SURVEY OF CURRENT BUSINESS
October 1951
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
132, 500
86, 000
44, 778
41, 708
33 362
2,379
5,967
3,070
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
number-Privately financed, total
_ _ _
do _
Units in 1-family structures
do
Units in 2-family structures
_ _ do _ _
Units in multifamily structures
do
Publicly financed, totaldo
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
r
141, 900
120, 600
102, 500
87, 300
93 600
85 900
80 600
93 800
96 200
101 000
83, 181
79, 140
61, 740
2,992
14, 408
4,041
62, 500
58, 172
46, 498
2,236
9,438
4,328
56, 873
55, 210
43, 761
2,323
9,126
1,663
49, 129
44, 588
36 244
2,056
6,288
4,541
59, 551
44, 697
34 810
1,747
8,140
14 854
53, 255
49, 579
39 850
2,813
6,916
3,676
43, 819
39 717
32 958
2 111
4,648
4 102
54, 321
50 668
41 206
2 816
6,646
3 653
54, 213
50 360
42 696
2 843
4,821
3 853
57, 731
54, 302
43 911
2,472
7,919
3,429
84, 114
46, 985
37 860
2 629
6,496
37 129
rr 480. 3
630. 6
r
966. 2
r
434. 0
' 383. 2
359.4
484.6
716.8
343.2
329.8
327.7
497 3
663.7
425.1
311.9
274.1
404 4
558 6
323.4
268.6
322.1
460 2
654.3
374.8
249.7
286.9
433 7
581.2
348.8
322.8
235.2
334 7
507 8
224.6
231.2
295.5
440 2
617.5
340.5
300.5
310.5
444 2
678.3
302.0
287.3
319.8
464 7
692.3
308.8
357.6
473.2
563 8
1,021 8
260.7
320.5
225.0
226.5
330
226.7
227.6
230.4
339
232.9
234.6
234.7
357
236.0
237.0
. 508
526
522
473
495
366
513
536
531
478
499
369
515
542
534
479
502
371
514
541
535
475
501
371
517
543
536
477
504
371
523
550
541
484
511
374
524
550
542
485
511
374
525
550
542
485
512
376
527
556
544
488
512
376
528
557
545
490
512
378
219.5
220.7
234.6
220.4
221.4
234.3
220.9
221.9
233.2
222.9
223.9
233.7
224.7
226.4
236.9
228.2
229.9
240.1
229.6
231.6
242.7
230.5
232.6
243.3
230.7
232.8
243.6
221.4
220.7
228.4
241.5
205.1
222.3
221.3
228.4
240.7
205.8
222.9
221.5
227.9
238.9
206.2
224.8
223.4
229.3
237.9
208.2
226.3
225.9
232.4
241.3
211.0
230.0
230.0
235.6
244.5
215.6
231.3
231.9
238.1
247.1
217.7
232.1
232.6
238.7
247.7
218.4
235.1
235.1
234.8
234.5
233.7
233.0
234.2
232.7
237.4
236.1
240.5
239.1
243.1
241.7
392.8
530.4
396.2
534.4
388.9
527.9
390.1
528.7
391.8
530.7
397.0
536.7
398.0
537.9
r
r
r
1
85, 000
47, 371
46, 686
38 074
2,631
5,981
685
259. 1
401 9
558. 1
>• 289. 5
' 340. 8
278.1
432 0
596 7
327.7
332.6
r
237. 2
237.2
531
557
545
490
529
379
535
557
545
495
530
379
535
561
545
495
530
378
232.6
234.3
245.0
233.2
234.6
244 9
233.4
234.6
244 2
233.5
234 8
244 4
232.2
232.7
238.9
248.0
218.5
234.5
234.5
240.4
249.0
219.7
235 0
234.9
240 5
248.7
220 2
235 4
235.1
240 2
247.7
220 5
235
235
240
248
220
243.7
242.3
243.8
242 5
245.1
243.6
245 1
243 4
244 6
242 5
244 5
242 8
398.8
538.7
402 7
543.9
400.8
542.7
400 4
542.4
400 1
542 8
400 5
543 2
CONSTRUCTION COST INDEXES
Department of Commerce composite
1939=100..
Aberthaw (industrial building)
1914=100
American Appraisal Co.:
Average, 30 cities
1913=100
Atlanta
_
do
New York
do
San Francisco
.
. . . . do
St. Louis
do
Associated General Contractors (all types)
do
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete._U. S. avg. 1926-29= 100. _
Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do
Brick and wood
_
do
Frame
_
do
Steel
_ _ do
Residences:
Brick
_
_ .do
Frame
do
Engineering News-Record :c?
Building
1913=100
Construction
_ ._ do _ _
Bu. of Public Roads— Highway construction:
Composite standard mile
1925-29=100
146.2
T
159.7
155.7
237.1
373
5
2
4
0
5
161 8
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted.. . _
do
192.2
169.8
179.3
166.8
186.2
168.1
173.2
174.8
155.6
176.0
156.5
183.3
142.5
172.7
168.6
178.4
169.5
170.5
T
T
180. 9
171. 0
r
r
175. 4
163. 9
" 156. 7
» 147. 3
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: New premium paying
224, 671
175, 821 180, 081
164, 669
thous. of dol. _ 217, 594
216, 154
204, 030
161, 584
241,423 235, 742
146, 237
145, 738
153, 744
324, 755
291, 906
268, 611 258, 401 332, 201 356, 491 350, 366
360, 574
275, 375
Vet Adm.: Principal amount. _
do
293, 236
298, 950
283, 195
324 238
Federal Home Loan Banks, outstanding advances
774
to member institutions
mil. of dol
700
816
747
752
762
730
767
758
816
770
632
752
New mortgage loans of all savings and loan associa475 383 473 885 439 615
556, 469
467, 585
393, 857
tions estimated total
thous of dol
449 963
370 681 384 008 351 142
440 210 437 967
486 435
By purpose of loan:
129, 183
112, 008
141, 496
153, 678
183, 493
145, 422
123, 134
140, 567
149, 225
132, 330
140, 655
117, 079
Home construction
_
do
149 788
148, 936
193, 359
153, 984
190, 539
213, 668
219, 331
248, 089
219, 001
213, 888
182, 978
163, 447
207, 123
224, 819
Home purchase .
_ do
39, 685
38, 687
34, 415
38, 786
34, 473
40, 879
Refinancing
do
34, 827
32, 002
36, 579
38, 289
37, 613
43, 410
42 184
Repairs and reconditioning
do
13, 804
13,311
25, 575
20, 220
16, 951
13, 693
12 638
16 285
16, 948
18 870
18 107
18 917
17 831
All other purposes
__ do
43, 087
50, 482
44,054
41, 939
39, 883
48, 744
50, 348
48, 071
55, 902
48, 115
48, 933
44, 718
50,727
New nonfarm mortgages recorded ($20,000 and
under), estimated total thous. of dol 1, 624, 913 1, 497, 824 1, 544, 410 1, 457, 073 1, 320, 895 1, 331, 083 1, 182, 753 1, 369, 284 1, 370, 848 1, 443, 538 1, 422, 262 1, 370, 201 1,448 967
12.9
11.9
12.8
12.6
12.1
11.2
11.3
14.1
13.7
13.1
Nonfarm foreclosures, adjusted index 1935-39=100
11.2
49, 953
68, 686
69, 136
71, 507
62, 965
58, 744
45, 922
55, 790
66, 820
56 403
49, 878
52 220
Fire losses
thous. of dol
55 416
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
336
365
377
318
Printers' Ink, combined index
1935-39=100..
341
342
342
338
Magazines . . .
.. do
322
344
310
Newspapers
do
297
359
302
360
327
Outdoor
_
do
269
282
287
278
Radio
_ . __
do
309.1
317.2
308.8
Tide advertising index
do
298.8
Radio advertising:
15, 794
12, 559
13, 931
16, 170
Cost of facilities, total
thous. of dol
339
325
355
Automotive, incl. accessories.
do
297
3,969
4,649
4,415
3,648
Drugs and toiletries
do
136
142
142
148
Electric household equipment
do
228
234
244
239
Financial
do
4,341
4,319
3,371
3,843
Foods soft drinks, confectionery
do
469
505
545
475
Gasoline and oil
do
1,786
1,431
1,664
1,877
Soap cleansers, etc
do
1,853
1,781
1,540
1,562
Smoking materials
_ _ __ _ do.
2,237
2,217
1.387
1,742
All others
do ...
r
Revised.
* Preliminary.
1 Data for September 1951, 91,000.
of Data reported at the
371
319
338
372
272
290.1
394
347
302
356
283
318.8
388
344
314
380
281
335.5
377
343
296
327
280
324.2
393
338
337
340
286
332.9
394
355
324
323
286
328.4
385
350
303
331
283
328.9
14, 972
15, 920
16, 708
16, 434
16, 593 r 14, 867
15, 833
538
379
399
349
385
303
378
4,192
4,829
4,277
4,535
4,375
4,826
4,452
139
147
128
144
134
'129
••147
251
248
288
259
303
276
294
4,702
4,251
4,683
4,240
4,443
3,954
4,607
515
570
549
479
563
465
454
1,831
1,603
1,445
1,659
1,647
1,649
1,785
1,844
1, 698
1,797
1,958
1,901
1,914
1,831
' 2, 229
2,148
2,308
2,130
* 2, 162
2,332
' 1, 878
beginning of each month are shown here for the previous month.
410
368
314
319
279
294.7
' 11, 736
227
3,124
r
137
269
3,278
432
1,063
1,375
' 1, 832
418
376
319
340
269
11, 804
256
3,060
143
298
3,325
440
1,204
1,331
1,747
SUEVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
AD VERTI SING— Continued
Magazine advertising:
Cost, total
thous. of dol.
Apparel and accessories
do .
Automotive., incl accessories
do
Building materials
do
Dru^s and toiletries
do
Foods, soft drinks, confectionerv _
-do
Beer, wine, liquors
do
Household equipment and supplies
Household furnishings
Industrial materials
Soaps cleansers, etc
Smoking materials
All other
Linage total
do
do
do
do
do
do. ._
thous. of lines.
Newspaper advertising:
Linage total (52 cities)
Classified
Display total
Automotive
Financial
General
Retail
do
-do
do
do
- -do
do
do
. -.
r
3, 740
1, 128
4, 165
5,435
1, 474
49,603
5,540
4,255
2,537
5,416
6,724
1,965
55, 301
4,648
4,545
2,397
6,463
8,598
2,436
51, 534
3,705
4,071
1,491
6.145
7,488
2,703
40, 673
3,000
2,519
745
5,268
5,825
3,789
30,863
1,632
2,908
1,033
4, 359
4,979
1,602
42, 904
3,183
3,213
1,377
5,710
7, 398
2,067
52, 246
5,334
3,613
2,455
6,264
7,781
2,464
55, 993
5,007
3,956
3,063
6,582
7,391
2,752
52, 737
4,623
3,835
2,933
5,845
6,628
2, 695
47, 445
3,187
3,828
2,505
6,217
6,378
2,541
34 694
879
3 308
1,483
5 459
5,838
2 354
35 961
3 484
3 400
1,395
4 568
5,274
1 952
' r1, 572
945
1, 618
865
r
1, 112
T
8, 109
3,648
2 7 767
2,657
1,091
1.497
11, 506
4,435
3,650
2,713
1,421
1, 556
12, 439
3.870
3,079
2,292
1,324
1,419
13, 949
3,136
1,753
1,691
811
1, 429
10, 707
1,106
894
1,668
765
1,137
8,781
2,153
1, 502
2, 034
1,167
1, 241
11, 859
3,525
2,696
2,693
1,289
1,267
12, 864
4,072
3,581
3.150
1,762
1, 324
13, 353
3,949
3,477
2,735
1, 525
1.381
13, 111
3, 652
2,201
3,320
1.518
1 661
10, 436
1,654
840
2 234
942
1 478
8 236
1,668
1 007
2 310
956
1 138
8 808
3,791
4,505
4,602
3,958
3,106
3,520
4,050
4,464
4,531
3,926
3,260
3 934
4,845
186, 524
45, 005
141, 518
8,969
1,832
25, 431
105, 287
207, 305
45, 888
161, 417
8,793
2,091
32, 705
117, 829
230, 288
47, 678
182, 610
11,314
2,531
41, 222
127, 542
226, 880
42, 944
183, 936
11, 721
2,267
39, 502
130, 447
217, 856
39, 099
17S, 757
8, 395
2,347
29, 682
138, 334
173, 177
42, 772
130, 405
8,165
3, 332
24, 066
94, 841
176, 831
40, 355
136, 475
7,482
2, 205
29, 435
97, 353
218, 341
49, 358
168, 984
8,710
2,724
33, 886
123, 664
226, 647
52, 165
174, 482
10, 158
2,627
38, 078
123, 619
226, 207
53, 766
172, 441
11, 509
2,455
36, 120
122, 357
202, 047
49, 861
152 186
10, 814
2,214
30, 166
108, 992
178
48
129
9
2
23
93
389
762
627
807
846
690
284
192 528
50 887
141 640
9 574
1 852
23 364
106, 851
4,228
88, 172
4,039
91, 350
5,474
100, 802
4,413
102, 139
4,662
97, 712
4,826
107, 031
4, 454
99, 820
5,536
124, 277
7,183
128, 681
6,756
122, 605
7,731
121, 273
6 238
116 606
6 485
118 392
33, 447
' 3, 283
r
r
r
r
POSTAL BUSINESS
Money orders, issued (50 cities) :§
Domestic:
Number
Value
thousands
thous. of dol
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services, total
bil. of dol__
202.5
198.4
208.2
201.7
do
do
_do
do
34.3
14.3
16.0
4.0
29,4
12.9
12.4
4.1
31. 5
12.5
14.8
4.3
25 9
10.8
11.1
4.0
do
do
do
do
do
do
do
105.5
19.6
62.6
51
2.4
4 4
11.3
104.9
19. 2
62.7
5.2
2.0
4.5
11.2
111. 5
20.4
67.0
5.4
2.4
4.7
11.6
109. 5
19 5
66.9
51
2.0
4 8
11.2
do
__do
do
do
- -do
do
do
62.7
9.3
20 1
39
3.9
5 2
20 3
64.0
9.8
20 5
3 9
3.9
5.3
20 7
65.2
10.1
20 9
3.9
3.9
5.4
21.0
66.2
10.2
21 3
3 9
3.9
5.6
21 3
Durable goods total
ALutomibiles and parts
Furniture and household equipment.
Other durable goods
Nondurable
goods, total
Clothina and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods
Services
Household operation
Housing
Personal services
Recreation
Transportation
Other services
RETAIL TRADE
All types of retail stores :f
Estimated sales (unadjusted), total- _mil. of dol_.
Durable-goods stores 9
-do
Automotive group
do
Motor-vehicle dealers
do
Parts and accessories
_ __
do_
Building materials and hardware group 9
mil. of doL_
Lumber and building materials
do
Hardware
do _ _ _
Homefurnishings group
do
Furniture and housefurnishings-- _ do
Household appliances and radios.
do
Jewelrv stores
do
Other durable-goods stores 9
__do_
Nondurable-goods stores 9
-- -- .-do. _
Apparel group
do
Men's clothing and furnishings
do
Women's apparel and accessories _ do
Family and other apparel
_
do _ .
Shoes
do
Drug stores
do
Eating and drinking places 9
do
Food group 9
do
Grocery and combination.
_ _ do_ _ _
Other food 9
do
Gasoline service stations
do
General-merchandise group. .
do.. _
Department, including mail-order 9 -do
Variety
_ _ _
_
_.. _ _ d o _ __
Other general-merchandise stores _ _ d o _ _ _
r
12, 999
5, 332
2 849
2 681
169
12, 756
4,816
2,496
2 359
138
12, 351
4,611
2 316
2 182
133
11,916
4,011
2,006
1 878
128
14,832
4,679
2,252
2,068
184
12, 155
4,465
2,448
2.296
151
11, 167
4,118
2,295
2, 163
132
12, 900
4,567
2,480
2,343
138
11, 882
4,299
2,224
2,092
131
12, 726
4,613
2,381
2,245
136
12, 659
4,519
2,342
2 202
140
11. 547
4 041
2 088
1 956
132
12, 520
4 419
2 282
2 144
139
1,092
843
249
836
461
374
89
466
992
752
240
812
454
357
96
420
993
755
238
773
434
339
96
433
856
629
227
678
412
266
106
366
811
506
305
866
516
350
2C3
488
816
598
218
704
392
312
82
416
726
525
201
649
358
292
70
377
862
627
234
659
396
263
79
487
915
673
242
596
377
220
81
484
1,005
734
271
617
408
210
90
519
970
715
255
606
392
214
96
505
900
674
226
546
349
197
71
435
949
713
236
643
407
236
79
466
7,667
638
127
258
139
114
343
944
2,856
2,294
563
702
1,418
874
201
343
7,940
852
182
344
181
145
347
938
2,901
2,336
565
649
1,518
952
210
356
7,740
842
194
341
184
124
352
950
2,725
2,170
555
653
1,479
923
212
344
7,904
874
214
342
199
120
342
876
2,769
2,217
551
641
1,629
1,043
220
366
10, 153
1, 307
350
475
306
175
460
944
3,205
2,620
585
686
2, 493
1,525
466
502
7,690
791
205
294
168
124
352
901
2,866
2,303
562
664
1,300
830
170
300
7,049
622
149
241
134
99
344
811
2,736
2.218
518
609
1,155
721
170
264
8,333
912
188
358
200
165
380
933
3, 135
2,549
585
7,582
729
154
303
152
120
349
909
2,846
2,290
556
678
1.323
807
190
326
8,114
814
176
322
172
144
365
962
3 058
2,458
600
714
1,448
872
211
366
8, 140
792
193
290
163
147
369
960
3 156
2,561
594
718
1, 413
840
216
358
7 506
588
139
212
125
111
361
945
3 020
2 410
610
720
1 181
680
197
304
8 101
648
133
262
138
114
366
1 006
3 212
2 584
628
734
I 388
825
217
347
1,458
881
236
341
Revised.
§Data on domestic money orders paid were discontinued by the compiling agency July 1951.
f Revised series. Estimates of sales and inventories for all types of retail stores and data on sales of chain stores and mail-order houses have been revised in general back to 1940; some
components were revised beginning 1935. For data for earlier periods and appropriate explanations, see pp. 15-24 of this issue of the SURVEY.
9 Kevised beginning 1935.
SURVEY OF CURRENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-9
1950
August
September
19 51
October
November
December
January
February
March
April
July
June
May
August
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All types of retail stores f — Continued
Estimated sales (unadjusted), total— Continued
Nondurable-goods stores 9 — Continued
Other nondurable-goods stores 9 _ _ .mil. of doL
Liquor
__
do
All other 9
do
Estimated sales (adjusted), total.
_do
Durable-goods stores 9
do
Automotive group.
-do_.
Motor-vehicle dealers
do
Parts and accessories
do
Building materials and hardware group 9 do
Lumber and building materials.. _
do
Hardware . _ _
do_
Homefurnishings group
do
Furniture and house!' urn ishingS- . do
Household appliances and radios
do
Jewelrv stores
___ _ _ d o
Other durable-goods stores 9 do
766
195
735
206
739
213
571
529
527
12, 940
5 039
2,663
2 510
12, 362
4,692
2,490
2, 350
12, 032
4,470
2,336
2 206
992
745
888
653
882
652
774
233
541
1, 059
396
663
do
do
do
do
do
do
do
do
7 901
7 670
7 562
7 668
792
189
125
354
898
310
168
789
186
133
348
888
310
169
125
353
892
126
352
897
129
358
910
Food group 9
do
Grocery and combination
do
Other food 9
. _ do
Gasoline service stations
do
General-merchandise sroup 9
do
Department, including mail-order 9 --do
Variety-_
,
do
Other general merchandise stores— do
Other nondurable-goods stores 9
do
Liquor
do
All other 9
do
2 832
2 282
2 753
2 217
2 732
2 186
2 803
2 253
2 927
2 383
Nondurable-goods stores 9
Apparel group
Men's clothing and furnishings
Women's apparel and accessories
Family and other apparel
Shoes
Drug stores
Eating and drinking places 9 _ __
Estimated inventories^
Unadjusted, total
do
Durable-goods stores
do
Nondurable-goods stores
_
do
Adjusted, total
_ _
_
_do
Durable-goods stores
do
Automotive group
do
Building materials and hardware group
mil. of doL
Homefuriiishings group
do
Jewelry stores
_ _ do
Other durable-goods stores
do
Nondurable-goods stores
Apparel group
Drug stores
_
Food group
General-merchandise group
Other nondurable-goods stores
do
do
do
do
do
do
811
190
312
176
550
654
1 568
978
229
361
800
223
536
637
1 490
930
219
341
751
211
546
626
1 406
852
219
335
761
220
541
305
172
550
644
1 413
858
209
346
770
216
261
104
455
826
189
330
178
544
681
1 538
955
230
353
807
226
577
540
15, 590
6 456
9' 134
16 130
6 809
1 945
16, 701
6 942
9 759
16, 599
7 106
1,979
18, 187
7 712
10 475
17, 390
7 735
2,296
19,015
8 261
10' 754
17, 704
8 060
2,444
17,071
7 923
9 148
17, 793
8 095
2,368
1,912
1 390
1,968
1 508
2,105
1 692
607
554
581
12, 261
4 208
2 172
2 051
965
707
936
696
903
663
880
645
496
103
459
453
476
8 463
8 272
8 044
8 009
8 140
358
200
317
186
297
177
310
175
189
279
836
479
357
111
936
221
139
379
940
3 020
2 433
3 031
2 445
586
724
586
722
1 658
1,061
232
365
820
234
1 523
951
222
349
826
242
586
3 012
2 434
578
715
1 422
853
222
346
780
219
2,289
1 779
606
1,242
1,212
9,644
2 158
658
1,919
3,122
1,787
9,698
2, 198
644
1,974
3, 117
1, 765
10, 198
2 325
2,773
240
31
96
66
48
124
70
60
59
832
2 680
3,711
2,491
67
79
43
87
65
69
1,362
62
41
803
2,724
227
33
91
56
40
101
68
59
50
874
532
108
175
874
496
116
176
837
528
147
183
858
800
163
380
369.7
355.7
285. 2
205.1
310.8
212.8
265.2
361.6
240. 6
258.1
516.4
378.9
363.6
349.1
286. 3
206.9
316.6
212.4
236.7
361. 5
237. 3
262. 3
467. 9
364.6
377.7
350. 3
284.1
205. 1
308.4
214. 2
229. 7
354.9
231.5
262. 0
420.8
371.2
528. 4
282.0
244. 3
394. 5
500.4
273. 5
243.6
395. 1
514. 1
296. 1
232.6
401.8
63
54
131
382
958
19, 131
8 577
10 554
19 044
8 484
2 435
9,655
2 148
671
1, 938
3,099
1,799
72
776
171
17, 871
8 177
9 694
18 455
8 257
2 341
1, 069
42
124
258
693
416
560
9,493
2 141
670
1, 926
2, 954
1,802
227
31
93
57
152
584
1, 024
1, 905
2,850
1,694
850
209
157
369
937
9,321
2 197
675
673
2,085
3,252
789
180
216
96
827
187
321
181
124
364
925
138
368
958
2 997
2 417
3 056
2 455
580
694
601
681
1 449
882
223
344
790
220
1 478
883
234
362
772
222
20, 570
9 870
10 700
20 643
9 684
3 239
2,323
1 822
628
1,276
2,364
1 950
651
1,383
2,347
1 989
668
1,443
2, 349
1 985
10, 560
2 398
10, 546
2 239
10, 748
2 356
707
711
648
1.031
386
107
141
893
348
90
141
871
489.4
374. 7
300. 7
219. 5
330. 5
218.5
271.7
359. 0
241.2
265. 2
455. 2
399.6
337. 4
391.7
320. 3
237.9
343. 0
241.3
345.8
400.4
246.1
269.6
508. 0
443.5
338.5
381.5
301.9
225. 0
324.4
226.7
319.7
396.3
255.7
264.3
463. 4
414.5
554. 3
319.4
251.0
426.5
635. 5
347.8
258.2
417.9
596.8
303. 6
247.6
423.1
71
243
104
240
588
372
20, 837
9 990
10 847
20 346
9 598
3 151
2, 856
102
240
641
398
129
20, 757
9 760
10 997
19 743
9 197
2 849
2,333
162
21
66
42
39
74
71
56
39
591
183
27
70
48
132
548
550
2,156
3,484
1,956
1,863
554
570
2,144
3,401
1,910
351
52
140
87
522
12, 420
4 280
2 218
2 088
2,232
1 685
593
1,217
582
732
210
12, 277
4 267
2 134
2 002
2,054
1 626
596
1,163
538
Chain stores and mail-order houses :f
Sales, estimated, total
do
2,658
Apparel group
_ .
_ _ . _do
179
Men's wear
do
19
Women's wear
_ _ do
76
Shoes
do
51
Automotive parts and accessories
do
56
Build in e materials
do
129
Drug stores
do
70
Eating and drinking places
do
63
Furniture and housefurnishings
do
56
General-merchandise group
do
787
Department, dry goods, and general mer495
chandise
.mil. of dol
108
Mail-order (catalog sales)
. do
167
Variety
__ - - do
839
Grocery and combination
do
Indexes of sales :f
351.0
Unadjusted, combined index
1935-39 = 100..
369.3
Adjusted, combined index
do
295.1
Apparel group
do
225.2
Men's wear
.
do
311.2
Women's wear _ .. _ _
_ do__
227.7
Shoos
do
273. 8
Automotive parts and accessories
-do
414.3
Building materials
do
235. 4
Drug stores
do
261.0
Eating and drinking places _
do _
478.0
Furniture and housefurnishings
do
406.2
General-merchandise group
do
Department, dry goods, and general mer571.2
chandise
1935-39—100
305. 3
Mail-order
- _
do. _
254. 6
Variety
do
402. 2
Grocery and combination _ _
do
r
Revised.
*> Preliminary.
9 Revised beginning 1935.
fSee note marked "f" on p. S-8.
787
183
317
105
245
676
415
752
204
12, 616
4 572
2, 352
2 200
8 047
417
343
108
230
730
413
749
195
13,313
5 041
2 669
2 486
183
998
727
272
794
448
346
100
480
1,034
755
159
838
220
618
840
595
427
367
104
235
779
436
130
772
207
565
13, 578
5 115
2,638
2 450
461
247
819
452
140
604
12, 603
4, 556
2,481
2 322
11,767
4 099
2, 156
2 029
127
827
603
224
635
383
252
98
383
15?
816
212
719
2,080
121
235
592
373
220
95
469
8 053
' 785
692
186
746
200
506
12, 090
4 000
1 994
1 867
' 197
878
651
546
12
4
2
2
468
17?
129
003
126
858
625
226
592
384
293
631
399
208
94
231
92
442
8 089
' 818
462
8 297
201
820
197
310
170
307
176
314
174
3 042
2 462
3 065
2 454
3 162
2 554
611
663
608
683
1 469
905
237
327
775
221
1 536
926
245
364
780
297
175
130
371
950
580
690
1 454
884
°27
343
761
221
135
369
999
134
371
945
554
553
19, 718
9 583
10 135
20 282
9 562
3 141
18, 809
9 072
9 737
20 079
9 494
3 058
18, 730
8 629
10 101
19 441
9 144
2 910
2, 436
1 940
1 456
2,367
1 977
639
1 438
1 428
2,384
1 836
639
1,375
10 959
2 498
10 720
2 586
10 585
2 588
10, 297
2 473
655
723
2,072
541
704
632
710
665
3, 613
1,980
3 625
2,041
1,994
3 446
1,990
1,909
3 423
1,955
1,847
3,366
1, 946
2,560
201
24
84
54
37
94
69
62
40
718
2 794
2 838
2,751
798
803
2,524
175
19
73
51
48
98
73
66
39
692
511
96
175
973
518
90
179
1,023
452
93
158
902
1,017
438
76
163
906
516
101
180
955
360.9
367.0
290.5
179.2
321.1
232.5
229.3
369.6
251. 8
266.7
431.9
393. 9
358.6
361.6
274.5
193.8
307.5
195.4
223.6
369.6
241. 2
264. 9
409.5
383. 4
375.3
370.3
304.6
200.1
331.3
239.6
222.2
351. 3
239. 2
276.8
399. 9
399.7
370. 6
368.0
292 8
194. 3
323. 8
223. 5
248. 4
335. 6
247 6
271.6
417.5
388. 4
348. 6
372.0
301. 5
228. 2
324.4
226. 3
233. 6
343. 7
247. 3
278.8
397. 3
402.8
362. 5
381.1
303. 9
215.3
329. 4
234. 9
245.0
331.5
244.4
285.0
404.1
417.6
559.5
281.7
247.2
423. 8
535. 8
280.9
248.1
427.5
558.1
292.3
260.0
434.5
540.7
286. 6
252.3
440.8
560. 9
295. 6
264.2
439.1
590. 6
283. 7
273.0
452.8
277
32
114
78
37
82
76
63
44
786
102
195
240
27
100
68
237
28
94
70
43
103
50
102
65
45
63
45
71
73
186
18
80
53
50
103
72
69
47
813
SURVEY OF CURRENT BUSINESS
S-10
Oetci
19 51
1950
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
July
June
August
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
1941 average^lOO
Instalment accounts
do
Ratio of collections to accounts receivable:
Char ere 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.J
Atlanta
__
Boston
Chicago _.
Cleveland
Dallas
Kansas City
Minneapolis
New York _
.
.
Philadelphia
Richmond .
St Louis
San Francisco.
.
1935-39=100..
__
do
do
do
do
do
do
do
. do
do
do
do
_do
Sales, adjusted, total U. S.J
do.
Atlanta
do
Boston _
do
Chicago.
_ _ do.
Cleveland.
do
Dallas _
_do.
Kansas City
do
Minneapolis
. _ _ .do.
New York
do
Philadelphia
._
_do
Richmond
do
St. Louis.
do
San Francisco
do
Stocks, total U. S., end of month:}:
Unadjusted
do
Adjusted..
.
__
do.
Mail-order and store sales:
Total sales, 2 companies
thous. of dol
Montgomery Ward & Co.
do.
Sears, Roebuck & Co _
--do
Rural sales of general merchandise:
Total U. S., unadjusted
1935-39—100
East _
do
South
__ _ _ _
do. ._
Middle West
do
Far West
_
_
do
Total U. S., adjusted
do
East _
.
do
South
do
Middle West
_. _
.
do.
Far West
do
191
241
210
256
216
260
233
259
314
269
269
236
262
227
255
220
244
224
235
218
226
195
215
197
215
50
18
51
18
51
18
51
17
49
18
50
19
46
17
50
19
47
18
49
18
49
19
46
18
48
19
46
42
12
46
42
12
47
43
10
48
43
9
50
42
8
45
45
10
46
44
10
48
43
9
48
43
9
48
44
8
50
42
S
50
41
9
48
41
H
282
373
198
278
290
399
r
329
287
r
203
239
r
287
318
352
331
426
263
320
337
454
363
320
267
313
356
363
374
308
388
239
296
317
405
328
319
259
299
333
326
345
355
453
287
357
313
472
376
338
302
363
387
398
386
534
708
436
495
538
711
556
476
450
525
584
540
627
277
342
230
261
293
375
300
248
233
253
267
298
333
262
352
193
251
266
351
280
239
218
241
266
275
316
284
422
217
269
286
397
308
236
230
286
307
298
317
284
367
221
276
297
382
302
279
232
269
298
304
320
997
375
233
293
306
393
314
284
238
286
325
323
330
284
353
225
276
287
352
291
263
254
271
305
282
325
240
324
169
235
241
339
257
223
179
207
254
269
310
P267
P358
190
263
271
366
P 307
"269
194
228
279
301
339
'336
415
268
335
334
449
r
358
321
320
409
255
305
333
420
345
289
262
310
332
360
368
291
370
216
282
299
375
303
283
238
279
312
305
343
290
391
229
288
251
400
325
291
234
273
312
316
345
325
421
249
318
328
433
354
318
266
307
336
353
376
362
449
303
349
395
475
395
325
291
342
369
363
420
326
419
251
322
333
439
346
324
263
321
341
327
375
291
413
217
290
286
414
321
249
230
283
297
298
335
302
399
233
282
323
402
314
287
252
286
326
320
346
301
387
235
290
309
405
317
278
243
281
331
330
348
302
402
235
276
306
409
316
274
267
285
331
313
347
309
415
245
286
309
423
'313
276
256
288
351
344
r
365
p 398
256
317
312
411
"333
P299
265
304
350
350
361
r
284
r
283
322
309
362
329
371
332
295
329
303
338
334
349
374
368
386
377
370
365
341
353
338
353
339, 478
112, 568
226, 910
357, 438
113, 430
244, 008
335, 351
113, 037
222, 314
369, 150
123, 084
246, 066
499, 058
164, 190
334, 868
296, 659
88, 572
208, 088
253, 570
77, 573
175, 997
310, 175
95, 107
215,068
311, 771
95, 175
216, 596
328, 424
100, 408
228, 017
322, 649
92, 911
229, 738
273, 067
79, 657
193, 410
328, 568
98, 508
230, 060
307.2
271.2
327.2
293.4
367.5
335. 0
309.2
364. 4
316.8
376.9
334.6
301.0
374.3
310.1
390.3
302.5
290.3
328.9
288.2
341.2
346.8
319.7
402.0
322.3
388.7
290.0
266. 4
314.6
274.3
345.8
422.9
414.7
494.5
399.9
438.1
326.3
296.9
361.5
304.3
349.4
517.0
481.3
552.3
489.8
601.6
365.1
333.1
399.3
330. 1
383. 7
287.7
270.1
305.0
276.2
324.7
380.1
356.3
381.2
368. 3
441.2
269.3
230.9
304.4
251. 3
295. 5
321.7
278.1
350.0
314.1
395.6
291.5
279.4
323. 5
275.8
312.0
307.8
279.4
340. 5
290.3
346. 7
287.6
269.5
304.0
270.9
325.5
300. 5
271.1
331.2
277.6
348.1
285.3
261.3
293.3
276.6
317.8
318.1
291.0
353. 8
312.2
354.7
287.0
265.9
304.2
271.1
349.2
323.6
306. 3
371. 4
296.0
385. 9
242.6
216.1
263.3
228.5
307.1
329.2
323. 5
376.7
305.9
376.3
294 9
261 8
301.7
281 3
366 1
321 6
298 5
336 0
303.8
375 5
9, 438
3. 306
6, 132
8,172
3,490
4,682
8,935
2,973
5,962
8,472
3,539
4,933
9,401
3,144
6. 257
8, 858
3, 700
5,158
9,056
2,783
6,273
9,098
3,865
5, 233
9, 206
2, 764
6,442
9,286
4,012
5,274
9,533
2,980
6, 553
9,551
4,159
5,392
8,392
2,750
5,642
9,841
4,404
5,437
8,820
3.087
5 733
10, 122
4,661
5,461
8,078
2,888
5 190
10, 187
4,875
5 312
8,483
2,858
5 625
10, 235
5,032
5 203
8 265
2,736
5 529
10, 005
5 034
4 971
7 980
2,508
5 472
10, 048
5 019
5 029
3 976
2,893
6 083
9,916
4 874
5 042
r
319
360
370
374
r
T
P
344
342
WHOLESALE TRADE*
Sales, estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments
Inventories, estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments
mil. of dol
do
do
do
do
do
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands..
151,939
152, 196
152, 438
152, 668
152, 879
153, 085
153, 302
153, 490
153, 699
153, 900
154, 122
154, 353
154, 595
109, 587
53, 113
56, 474
109, 577
53, 044
56,533
109,407
52, 812
56, 595
109, 293
52, 643
56, 650
109, 193
52, 491
56, 702
109, 170
52, 419
56, 751
108, 933
52, 140
56, 793
108, 964
52, 108
56, 856
108, 879
51,980
56, 899
108, 832
51,883
56, 949
108, 836
51 834
57, 002
108, 856
51 798
57, 058
108, 896
51 778
57 118
do
do
do
64, 867
45,818
19, 049
63, 567
44, 726
18, 841
63, 704
44, 268
19, 436
63, 512
44, 019
19, 493
62, 538
43, 535
19, 003
61. 514
43. 093
18, 421
61,313
42, 894
18,419
62. 325
43, 379
18, 946
61, 789
43, 182
18,607
62, 803
43, 508
19 294
63 783
44,316
19 467
64, 382
44, 602
19 780
64 208
44, 720
19 488
do
do
do
62 367
44, 154
18, 213
61 226
43, 244
17, 982
61 764
43, 096
18, 668
61 271
42, 710
18, 561
60 308
42, 076
18, 232
59 010
41,433
17, 577
58 905
41, 300
17, 605
60 179
42, 102
18, 077
60 044
42, 154
17, 890
61 193
42, 558
18, 635
61 803
43, 149
18, 654
62 526
43, 504
19, 022
62 630
43, 764
18, 866
Agricultural employment
do
Nonagricultural employment . . . _ do
Unemployed
do
8,160
54, 207
2,500
7,811
53, 415
2,341
8,491
53, 273
1,940
7,551
53, 721
2,240
6,234
54, 075
2,229
6,018
52, 993
2,503
5,930
52, 976
2,407
6,393
53, 785
2,147
6.645
53, 400
1,744
7,440
53, 753
1 609
8 035
53, 768
1 980
7,908
54, 618
1 856
7 ggS
54, 942
1 578
44. 718
46. 010
45. 704
45, 782
46. 657
47. 658
47. 619
46. 638
47. 092
46. 029
45. 053
44. 474
44. 688
EMPLOYMENT
Employment status of civilian noninstitutional
population:
Estimated number 14 years of age and over,
total _ .
. thousands
Male
do
Female ._
.
do.
Civilian labor force, total
Male
.
Female
Employed
Male - _ _ .
Female
_ _
Not in labor force
.-
do
r
Revised.
v Preliminary.
{The entire series on department-store sales and stocks are being revised by the compiling agency; revised data will be published when available.
*Data on total wholesale trade have been substituted for the series on service and limited-function wholesalers.
Figures for earlier periods appear on pp. 15-24 of this issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
October 1951
. stated, statistics through
Unless otherwise
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-ll
1951
1950
August
September
October
November
December
January
February
March
April
June
May
July
August
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees in nonagricultural establishments:
Total, unadjusted (U. S. Dept. of Labor)
thousandsManufacturing
do
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total
do
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands
Nonmetallic mining and quarrying
do
Contract construction
do
Transportation and public utilities
do _
Interstate railroads
do
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade
do
Wholesale trade _
do
Retail trade
do __
General-merchandise stores
do
Food and liquor stores
_ 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)
do
Manufacturing
do
Mining
_ _
_ do_ _
Contract construction _
_ _ do _
Transportation and public utilities
do
Trade
do
Finance
_.!
do
Service
do
Government
do
Production workers in manufacturing industries:
Total (U. S. Dept. of Labor) _
thousands
Durable-goods industries
_ do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands
Sawmills and planing mills
do
Furniture and fixtures .
do_
Stone, clay, and glass products
do
Glass and glass products _ _ _ _ do
Primary metal industries
do __
Blast furnaces, steel works, and rolling
millsj
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
thousandsMachinery (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 __
45, 080
15, 450
8,294
7,156
45,684
15, 685
8,423
7,262
946
103
75
407
45, 898
15, 827
8,618
7,209
939
102
74
406
45, 873
15, 765
8,664
7, 101
938
103
74
404
46, 595
15, 789
8,717
7,072
937
104
73
405
45, 246
15, 784
8,742
7,042
932
105
73
403
45, 390
15, 978
8,877
7,101
930
106
73
402
45, 850
16, 022
8,969
7,053
924
105
72
396
45, 998
15, 955
9,003
6,952
911
104
68
382
261
103
2,629
4,120
1,441
146
623
47
532
259
103
2,626
4,139
1,458
146
622
48
530
256
102
2,631
4,132
1,462
145
621
48
525
255
102
2,571
4,123
1,465
145
615
48
524
257
98
2,403
4,125
1,460
145
620
49
522
253
98
2,281
4,072
1,428
145
618
48
521
252
97
2,228
4,082
1,429
144
623
48
520
250
100
2,326
4,112
1,451
144
626
48
519
255
103
2,471
4,132
1,463
144
629
48
520
••258
106
' 2, 598
' 4, 137
' 1, 463
144
630
49
521
'262
108
' 2, 687
' 4, 159
9,474
2,582
6,892
1,387
1,200
749
1,837
4,827
512
359
147
5,793
9,641
2,605
7,036
1,474
1,210
743
1,827
4,816
475
358
150
6,004
9,752
2,625
7,127
1,539
1,219
741
1,821
4,757
441
356
151
6,039
9,898
2,618
7,278
1,654
1,242
746
1,820
4,723
433
353
149
6 037
10,443
2,616
7,827
2,052
1,264
753
1,828
4,694
430
353
147
6,376
9,592
2,587
7,005
1,459
1,244
743
1,831
4,666
429
354
146
6,088
9,554
2,593
6,961
1,431
1,257
735
1,839
4,657
432
351
145
6,122
9,713
2,590
7,123
1,512
1,264
736
1,854
4,682
435
351
150
6,217
9,627
2,579
7,048
1,453
1,264
739
1,865
4,745
445
354
153
6,292
' 9, 683
' 2, 568
' 7, 115
' 9, 733
2,580
' 7, 153
' 1, 475
r 1, 460
1,271
742
' 1, 874
' 4, 789
'452
360
159
6,377
f 1, 271
748
1,893
r 4, 835
'480
365
161
6,377
44, 914
15, 333
942
2,434
4,073
9 651
1,819
4,779
5 883
45, 196
15, 444
942
2,454
4,119
9 650
1,836
4,768
5 983
45, 408
15, 606
937
2,506
4,138
9 630
1,839
4,733
6,019
45, 501
15, 635
937
2,521
4,126
9 620
1 838
4,747
6 077
45, 605
15, 692
938
2.452
4,125
9 692
1,846
4,741
6 119
45, 804
15, 852
939
2,507
4,107
9 722
1,840
4,737
6, 100
46, 078
16, 009
939
2,503
4,117
9 769
1,848
4,728
6,165
46, 266
16, 058
930
2,556
4,147
9,762
1,854
4,729
6,230
46, 411
16, 102
914
2,574
4,153
9,773
1,856
4,745
6,294
' 46, 507 r 46, 618 ' 46, 604 v 46, 554
«• 16, 081 r 16, 091 r 16, 040 9 15 909
••916
'921
'900
v 917
r
'r 2, 559 ' 2, 569
2, 572
2,589
4,
130
'
4,
138
' 4, 140
4,
148
'9 821 r 9, 858
'9 827
9 807
r
1,874
1, 865
1,879
1 895
' 4, 765 ' 4, 787 ' 4, 779
4,794
6,398
6 495
6 347
6,472
12, 802
6,900
20
13, 016
7,013
22
13, 133
7,186
22
13,044
7,210
23
13, 056
7,254
24
13, 018
7,256
25
13, 186
7,371
27
13, 189
7,428
29
13, 108
7,445
30
r
783
465
319
459
122
1,086
790
468
327
458
117
1,105
785
462
329
471
127
1,117
773
452
327
477
129
1,126
754
440
326
474
128
1,142
739
429
321
473
128
1,149
736
428
324
473
128
1,153
722
426
326
479
130
1,159
752
442
317
483
132
1,161
550
552
552
554
556
559
560
561
46
46
46
45
47
47
47
814
837
850
850
852
847
132
1,060
655
1,118
781
199
79
48
187
399
137
1,050
673
1,134
788
209
76
49
199
418
137
1,104
710
1,157
795
225
76
50
205
436
135
1,133
721
1,139
760
239
76
52
209
432
133
1,163
724
1,160
767
252
79
52
211
424
130
1,192
711
1,175
767
264
83
52
211
413
950
103
75
408
' 46, 226 ' 46, 559 ' 46, 436 " 46, 670
' 15, 853 ' 15, 950 ' 15, 829 P 15 970
' 8, 975 ' 8, 996 ' 8, 855 * 8, 900
' 6, 878
' 6, 954 ' 6, 974 p 7 070
'915
••925
'907
p 926
104
105
' 106
P 106
70
70
68
377
379
p 372
'360
12, 993
7, 406
32
r
r
142
637
48
527
' 13, 053 ' 12, 904 v 13, 030
' 7, 406 «• 7, 240
^ 7, 273
34
'35
"39
484
131
1, 162
561
565
571
571
47
47
46
48
48
852
858
859
850
843
'814
132
1,215
716
1,233
791
288
95
49
215
427
134
1,231
724
1,253
793
299
96
54
218
429
133
1,239
718
1,243
774
309
94
56
221
422
'301
r
130
' 1, 242
'707
' 1,233
r
752
'318
95
r 58
222
'409
110
p 2 796
" 4 195
9,657
v 9 627
2,592
p 2 591
7,065
" 7, 036
1,407
" 1 394
1,268
" 1,260
'754
" 754
v
1,907
1 914
' 4, 851 v 4 842
510
368
157
6,356
» 6 400
'773
'456
'287
485
130
' 1, 171
764
'449
5,815
5,762
5,761
5,834
5,802
Nondurable-goods industries
do
5,947
5,663
5,587
5,902
6,003
1,099
1,085
1,155
1,096
Food and kindred products
do __
1,196
1,120
1,260
1,350
' 1, 099
1,331
254
251
238
Meat products
do
244
229
233
236
236
240
229
r
Dairy products
do
97
95
95
102
99
114
107
100
103
110
r
127
Canning a n d preserving _ _ _ _ _ _ _ d o _ _ _
132
125
128
324
226
171
143
137
302
188
Bakery products __
__ _
do
188
190
194
196
190
190
192
193
190
149
147
145
149
146
147
143
Beverages
do
159
169
' 145
76
Tobacco manufactures
_ _ do
89
84
80
80
78
74
89
83
82
1,214
1,257
1,269
1,264
1,258
1,224
1,255
1,262
1,223
Textile-mill products
do
1 206
604
604
567
602
564
Broad-woven fabric mills __
do _
607
606
'574
595
606
234
234
232
236
236
230
Knitting mills
do
236
233
222
227
Apparel and other finished textile prod1,064
1,115
1,047
1,056
1,070
1,106
ucts
_
_ _ _
thousands1,089
1,099
1,100
••998
137
138
141
141
138
138
137
Men's and boys' suits and coats _ do
137
135
138
Men's and boys' furnishings and work
254251
251
259
254
261
253
clothing
thousands
252
263
253
r 249
317
267
297
275
296
303
305
"Women's outerwear
do
307
305
428
424
427
421
427
423
424
Paper and allied products _
_ do
418
423
410
210
211
212
209
209
209
212
Pulp, paper, and paperboard mills do
213
207
210
Printing, publishing, and allied industries
514
518
510
512
610
504
515
510
510
thousand s__
510
149
151
152
150
150
150
150
152
151
Newspapers
do
150
168
171
170
168
Commercial printing
__do
165
167
170
170
170
170
r
Revised.
" Preliminary.
^Figures for 1939-46 on the revised basis for the indicated series, available since publication of the 1951 STATISTICAL SUPPLEMENT, will be shown later.
r 1, 468
266
108
' 2, 749
' 4, 180
1 468
142
648
49
534
129
' 1, 253
'703
' 1, 235
'738
'331
98
'59
223
399
r
r
r
'749
442
'285
'476
121
1, 154
122
1, 233
'689
1, 203
705
343
100
47
'221
'381
* 758
* 282
" 484
" 1, 165
"810
"1, 214
p 696
" 1, 204
"227
"394
'5,647
' 1, 146
233
' 116
154
192
155
76
' 1, 200
'585
215
' 5, 664
*• 1, 233
235
118
233
192
161
74
' 1, 162
571
210
'998
133
'989
125
" 1, 030
248
'254
427
216
236
272
'420
215
"421
511
' 152
169
'508
151
167
" 5, 757
" 1, 262
"88
" 1, 147
p 508
SUEVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
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 refiningj
do
Rubber products
_
_ _ _ _ _ d o __
Tires and inner tubes
-do
Leather and leather products __
do_ __
Footwear (except rubber) .
do. _
491
155
193
147
208
90
370
237
506
158
189
145
215
92
372
237
Manufacturing production- worker employment
index, unadjusted (U. S. Dept. of Labor)
1939=100..
Manufacturing production-worker employment
index, adjusted (Federal Reserve)
1939=100__
156.3
155.0
523
159
190
147
219
92
367
230
521
160
191
148
222
93
360
226
524
161
191
147
222
92
359
229
526
163
190
147
222
91
364
234
532
163
191
148
222
91
374
239
539
167
192
149
220
88
371
237
538
168
194
150
219
87
353
225
158.9
160.3
159.2
159.4
158.9
161.0
161.0
160.0
- 158. 6
r 159. 3
- 157. 5
P 159. 1
156.0
157.7
157.7
158.1
159.7
161.3
161.4
161.7
- 161.3
'161.0
r 160. 2
P 158. 5
327, 953
145, 988
126, 664
317, 566
140, 543
123, 493
291,399
116, 639
122, 681
250, 137
79, 857
118, 487
228, 239
62, 181
114, 450
221, 485
56, 363
113,856
233, 036
67, 538
114,118
258, 291
92, 164
114, 672
286, 236
115, 462
118, 484
1,945
219
1,977
222
2,005
226
2,024
228
2,082
234
2,146
240
2,196
244
2,240
247
2 273
248
1.316
1,324
1,322
1,313
1,286
1,287
1 309
1,321
1 324
125.8
122.8
126.6
122.5
126.3
125.2
125.1
127.1
122.9
127.8
122.8
125.9
124.9
128.0
126.1
128.1
126.4
126.9
394.4
403.2
415.8
414.6
426.0
424.0
430.0
435.0
433. 2
' 428. 4
r 435. 5
425.5
41.2
41.8
42.6
41.0
41.7
43.1
41.3
42.1
43.2
41.1
41.8
43.4
41.4
42.2
42.5
41.0
41.5
42.0
40.9
41.6
42.7
41.1
41.9
43.1
41.0
42.0
42.7
40 7
Ml. 8
M3 2
40 8
41.8
M3 0
MO 3
41 0
r 43 5
& 40 4
* 41 5
p 43 4
42.0
41.9
42.8
41.6
39.8
41.1
41.2
40.1
42.6
41.5
39.0
41.4
41.9
41.8
42.6
42.5
41.4
41.9
41.0
40.7
42.6
42.3
41.3
41.8
41.4
41.0
42.3
42.2
41.0
42.3
40.5
40.0
41.8
41.6
40.6
41.6
40.5
39.9
42.2
41.3
40.3
41.1
4Q.6
40.1
42.3
41.9
41.0
41.8
41.4
41.1
41.1
42.1
41.3
42.1
r
41 5
Ml 3
40 5
-41.9
MO. 4
41 7
Ml 9
Ml 7
MO 4
Ml. 8
40.3
41 8
r 39 §
39 6
39 9
Ml. 3
40 3
41 3
p 40 3
40.1
40.2
41.1
40.8
41.1
40.6
40.0
41.3
41.6
41 1
41 5
41 2
40.9
41.2
41.5
41.0
41.7
41.5
41.3
41.3
41.9
Ml 8
Ml 9
41 2
42.1
42.1
42.3
41.9
42.4
41.8
41.7
42.1
42.0
41.8
42.0
41.1
41.9
42.3
41.0
42.0
42.3
42.4
39.2
39.5
41.7
41.6
42.3
42.4
41.4
40.9
40.6
42.7
38.3
40.4
42.5
42.1
42.4
42.9
42.1
41.0
41.1
41.9
38.3
40.0
42.5
42.3
41.6
43.0
41.8
40.1
39.5
42.4
38.7
40.2
42.4
42.2
42.1
43.7
41.9
41.4
40.9
43.3
39.9
40.9
42.6
41.7
41.4
43.4
41.4
39.9
38.7
43.7
38.7
41.0
41.8
41.3
41.5
43.5
41.3
40.8
39.9
43.3
40.4
40.8
42.2
41.6
41.9
43.8
41.3
41.2
40.3
43.9
40.2
41.1
42.3
41.5
41.5
43.9
41.3
40.9
39.7
44.0
39.9
41.5
42.5
41.3
41 2
43.6
41 5
40.9
'39.8
43.9
r
39. 8
41 2
M2.3
40 7
41 3
43.5
41 6
-40.4
-39.0
43. 7
40. 1
40 2
M2. 1
40 8
40 0
M2 9
MO 4
MO 0
38. 1
43. 7
40 4
40 4
41.6
T
39 8
'39. 5
42 0
42 1
45.5
38 9
42 0
41 9
r 37 9
38 6
39 5
35 7
r
' 35. 3
35.9
-35.3
35.9
35 1
33 7
43. 2
44.6
34 5
34 5
M2 8
44.7
'38.7
-36 6
39 8
41 6
41 3
40 7
40 4
42 4
' 38. 6
36 2
39 8
Ml 5
41 2
Ml 8
41 6
Ml 7
42 1
-37.0
36.3
Miscellaneous employment data:
Federal and State highways, total§
number-- 336, 600
Construction (Federal and State)
do_ ._ 149, 185
130, 714
Maintenance (State)
do__
Federal civilian employees:
1,913
United States
thousands
218
Washington, D. C., metropolitan area _ _ do
Railway employees (class I steam railways) :
1,302
Total
thousands
Indexes:
124.5
Unadjusted
1935-39= 100. .
121.9
Adjusted
do
531
170
194
151
-220
88
331
210
r
-527
172
198
154
r
218
90
r
335
215
528
171
197
153
221
90
343
221
P536
p 198
p 221
P 346
"r 315, 230 * 318, 797
130,395 P 131, 222
v 128 859 P 130 879
r
2, 334
-258
p 2 342
P 255
1 330
1 329
P i 230
- 127. 0
P 126. 9
v 124 2
P 127 0
p 124 4
- 2 313
256
125 2
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor)
1939=100..
r
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
All manufacturing industries
hours
Durable-goods industries _ _
_ _ _ _
do _
Ordnance and accessories
do
Lumber and wood products (except furniture)
hours
Sawmills and planing mills ._
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do _
Primary metal industries
do
Blast furnaces, steel works, and rolling
millst
hours
Primary smelting and refining of nonferrous
metals
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment) hours.
Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
_
do
Electrical machinery
do
Transportation equipment
do
Automobiles
_ _
_do
Aircraft and parts
do
Ship and boat building and repairs
do_ _
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
_
do
Nondurable-goods industries
_
Food and kindred products _
Meat products
Dairy products.
_ _ _ _ __
Canning and preserving
Bakery products
_
Beverages
_
Tobacco manufactures
Textile-mill products _
__ _
_
Broad-wovpn fabric mills
Knitting mills _ . . _
_
do
do
do
do
do
do _
do
do
do
do
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
Industrial organic chemicals . _ do
Products of petroleum and coal
do
Petroleum refiningj __
do
Rubber products _ __ . _
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do ___
r
40.5
41.9
40.7
45.0
40.6
41.8
41.3
39.5
40.5
40.8
39.2
40.1
42.0
41.7
44.7
44.1
41.2
41.2
39.2
40.7
41.1
38.9
40.3
41.6
40.8
44.5
40.5
41.4
41.0
38.3
40.6
40.9
39.2
40.3
41.9
43.4
44.1
38.6
41.3
40.9
37.8
40.7
41. 1
38.7
40.5
42.3
45.2
44.3
37.4
41.6
40.6
38.9
40.8
41.4
38.1
40.2
41.8
42.8
44.1
38.3
41.3
41.2
38. 7
40.6
41.3
37.9
40.0
41.0
39.9
44. 1
37.8
41.5
40.3
37.9
40.8
41.2
38.8
40.0
41.0
40.6
44.4
37. 5
41.5
40.5
36.8
40.5
41.2
38.1
39.7
41.2
41.2
44.3
38.7
41.6
40.5
36.8
39.9
40.9
36.7
39.3
41 6
Ml
6
r
45 1
r
38 1
41 9
Ml 2
36 6
38 8
r 39 9
r
35 3
37.6
37.7
35.7
35.4
37.3
37.9
36.9
37.9
36.5
37.7
36.9
37.6
37.5
38.0
37.4
38.6
36.5
37.5
'35. 3
36.3
38.0
36.2
44.0
44.6
37.4
32.2
44.0
44.3
38.3
34.7
44.0
44.5
37. 7
34.6
44.1
44.4
37.0
35.1
44.5
44.9
37.0
36.0
43.8
44.7
37.4
36.7
43.4
44.5
37.9
35.9
43.7
44.7
37.0
35.1
43.7
44.8
r
38.9
36.5
40.1
41.6
40.7
40.6
39.4
41.8
40 8
39.2
38.8
39.2
36.9
40.6
41.8
40.8
41.7
41.2
41.9
40.9
38.1
37.6
39.0
36.8
39.9
42.0
40.9
41.6
41. 1
41.9
40.2
37.8
36.7
39.2
37.2
40 1
42.0
41.2
41 2
40.7
41.5
40 1
37.5
36.0
39.8
38.1
41.0
42.1
41.2
41 2
40.7
41.6
39 9
38.3
37.4
38.9
35.8
40 6
42.0
41.0
41 0
40. 7
40.4
38 4
38. 7
38.3
38.4
36.0
39 4
41.8
40.8
40 6
40.2
38.9
35 5
39.2
38.8
38.9
36.6
40 3
41.9
41.2
40 6
40 2
40.0
37 6
38.4
37.9
38.9
36.8
40 0
41.8
41.3
41 2
40 9
40.0
37 0
36.5
35.4
38.7
36 7
39 7
41 7
41 3
40 9
40 5
41 3
r 39 4
- 35. 4
-33.9
Revised.
p Preliminary.
$See note marked "J" on p. S-ll.
§Total includes State engineering, supervisory, and administrative employees not shown separately.
r
T
T
35 5
34 3
43. 4
44.6
r
r
r 41 9
••36.5
35.5
P 41 3
Ml. 5
p
41 5
Ml. 3
u 43 3
p 41 7
P 40 9
Ml. 9
P 39 6
39. 3
- 42 2
42 1
45 6
40 3
42 1
41 9
p 39 i
P 41 5
r 38 5
P 39 4
p 36 9
r
37 8
38 4
35 5
v 35.8
P 43 0
P 38. 6
P 41 1
P 40 5
P 41 7
P36.9
SURVEY OF CURRENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-13
1950
August
September
October
19 51
November
December
January
February
March
April
May
August
July
June
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
Nonmanufacturing industries:
Mining:
Metal
hours
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
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 stores
do
Automotive and accessories dealers do
Service:
Hotels, vear-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:
Initial claims
do
Continued claims
do
Benefit payments:
Beneficiaries weekly average
do
Amount of payments
- thous. ofdol . .
Veterans' unemployment allowances:
Initial claims
_
thousands
Continued claims
do
Amount of payments
thous of dol
Labor turn-over in manufacturing establishments:
Accession rate. -.monthly rate per 100 employees-Separatioii rate, total
do
Discharges
_ _ _ __
. do __
Lay-offs
do
Quits
do_ _.
Military and miscellaneous
do
41.9
33 2
35.5
42.2
34 5
35.5
43.9
37 2
36.1
43.0
31 0
36.4
43 9
32 8
38.5
43 7
35 9
37.6
43 7
30 2
34.1
43 3
23 1
33.6
44 0
21 6
33.9
40.3
45.2
38.6
42.7
37.6
40.5
45.1
37.7
41.5
36.7
41.4
45.8
38.5
42.5
37.4
40.6
44.9
38.0
40.9
37.3
40.2
43.5
37.3
40.2
36.7
40.6
43.3
37.1
39.4
36.7
40.5
42.0
35.7
37.7
35.3
40.6
43.6
36.3
38.5
35.8
44.8
39.3
45.0
41.5
45.1
39.6
44.6
41.6
45.3
39.4
44.8
41.8
45.6
38.0
44.4
41.8
46.3
39.1
44.8
42.0
45.9
38.9
44.5
41.8
46.0
39.2
44.7
42.0
40.9
40.7
40.9
40.8
41.2
40.8
37.4
41.5
45 6
36.4
40.4
45. 6
36.3
40.0
45.9
36.0
40.0
45.8
38.2
40.3
46.0
44.0
40.6
40.0
43.8
41.3
41.6
44.0
41.0
41.0
43.6
40.8
41.2
635
346
521
270
550
197
918
441
2,666
.32
820
450
3, 510
.48
624
618
M4 2
30 1
33.3
42 7
30 9
35.0
42 7
35 4
32.3
41.2
45.0
37.4
40.3
36.8
r
40.4
T
MO. 1
45.7
38.5
Ml.
7
r
37. 7
41.9
45.7
39. 2
43.2
38.1
45.7
38.9
44.6
41.5
45.9
38.7
44.6
41.5
r
46. 5
r
M6. 7
39.4
45.1
41.7
45.8
39.8
44.8
41.9
40.6
40.6
40.6
r
40. 6
MO. 7
40.8
36.7
39.9
45.7
36.3
39.5
45.5
35.8
39.3
45.4
35.9
39.6
45 5
35.5
39.7
45. 2
36.5
40.5
M5. 3
36.9
41.1
45.3
43.9
41.2
41.1
43.4
41.0
41.4
43.2
40.5
40.1
43.3
40.9
40.2
43.3
41.1
42.4
43.4
Ml. 4
43.1
43.3
41.6
42.6
43.4
41.4
41.8
329
200
218
61
400
185
350
220
350
140
350
165
400
375
150
190
425
425
250
250
801
330
2,590
.32
605
308
2,050
.27
423
114
912
.12
550
215
1,200
.15
550
300
1,700
.25
550
280
2,300
.29
550
235
1,850
.25
580
250
1,750
560
260
1,600
600
320
1,750
625
350
2,750
.32
612
515
421
486
438
513
552
610
585
586
628
1,118
3,704
1,086
4,042
950
748
r
45. 7
38.3
Ml. 8
37.5
39. 0
45.4
r
41. 5
r
.22
.21
641
4,424
558
3,293
720
3,141
907
3,520
1, 051
3,873
1,080
4, 923
770
3,845
719
3,627
983
3,534
908
3,977
983
89, 681
806
64, 458
652
57, 533
734
62, 389
832
66, 969
983
91, 560
883
71, 369
807
71, 584
740
62, 294
773
821
70, 799
68, 780
9
92
1,988
5
55
1,126
4
30
629
5
24
487
5
25
464
4
27
554
3
19
391
2
15
315
1
9
197
1
6
146
6.6
4.2
.4
.6
2.9
.3
5.7
4.9
.4
.7
3.4
.4
5.2
4.3
.4
.8
2.7
.4
4.0
3.8
.3
1.1
2.1
.3
3.0
3.6
.3
1.3
1.7
.3
5.2
4.1
.3
1.0
2.1
.7
4.5
3.8
.3
.8
2.1
.6
4.6
4.1
.3
.8
2.5
.5
4.5
4.6
.4
1.0
2.7
.5
4.5
4.8
.4
1.2
2.8
.4
.23
4,071
801
65, 917
75, 088
1
5
97
1
5
105
1
5
93
4.9
4.3
M.2
M.4
4.4
5.2
.4
1.0
2.5
.4
1.3
.4
1.3
3.1
.4
64.56
69. 21
74. 47
* 64. 72
P 70. 26
-P 73. 52
57. 79
57. 58
56. 02
64. 88
67.14
75. 87
" 58. 77
P 64. 95
r
.3
2.4
.4
WAGES
Average weekly earnings (U. S. Department of
Labor) :
All manufacturing industries
dollars
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars. _
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and °Iass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills!
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars _ _
Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical)
do
Electrical machinery
___
__do_ _
Transportation equipment
Automobiles
Aircraft and parts
r
__ do__ _
do
do
65.32
70. 47
72. 33
60.64
65.14
67.41
61.99
66.39
68.64
62. 23
66. 34
70.53
63.88
68.32
68.34
63. 76
67.65
69. 55
63. 84
68.18
70.92
64.57
69. 30
72.71
64.70
69. 68
70.97
58. 30
57 95
54.87
59.40
59. 10
67.36
57. 84
57 69
55. 42
60.88
61. 31
69.10
58. 83
58 56
56.27
63.11
65.66
69.81
57. 03
56 53
56.87
63. 66
67.03
70.14
57. 59
56 83
56.77
63.60
65.89
74.36
55. 73
54 84
56. 93
63. 48
66. 10
74.42
56. 13
55 30
58.15
63.15
65.04
73.12
55.58
55.06
58.67
64. 53
66.17
75.11
58.55
58 49
56.96
65. 09
66.91
75.70
T
r
r
T
r
59. 72
59. 22
56. 28
65. 11
65. 81
" 75. 02
T
T
77.92
r
76. 90
T
80. 30
79.80
70.41
r
r
r
r
r
r
61. 93
61. 76
56.05
65.25
65. 81
76. 74
67 37
69 30
68 87
69 03
75 21
76 41
74.16
77.35
63.15
64.44
66.40
67.73
69.47
70.67
69.18
69.14
70.18
' 70. 18
r
70. 94
64.79
65.72
66.66
66.20
68.26
67.80
68.18
69.55
69.51
' 69. 18
r
69. 89
69. 88
76. 73
67. 43
r
r
r
r
r
T
r
65.53
67.98
60.15
66.83
68.94
61.48
68.09
71.00
64.12
67.27
72.03
64.33
68.88
74.20
65. 15
68.85
74.47
64.42
69.60
75.08
64.80
70.89
76.43
65.34
70.22
76.78
65.58
»•r 69. 67
76. 30
r
66. 57
r
r
r
72.87
75.21
68.94
64 84
65.29
61.13
54.87
72.39
73.81
71.18
62 89
68.72
63.58
64.04
73.02
75.21
70.18
62 89
69.04
64.77
56.98
71.78
72.76
71.78
64 47
69. 51
65.47
57.01
75.18
76.28
75. 08
66 67
72.52
66. 75
57. 50
72.06
71.48
76. 78
64 24
72.41
65.79
57.37
74.05
74.29
75.86
68 80
71.16
67.06
58.41
75.73
76.13
77.35
68 78
75.13
67.64
58.18
74.81
74.52
77.13
68 31
76.36
68.55
58.03
p
r
r
r
75. 18
r
75. 04
r
77.31
r
r
r
T
T
r
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries,. _
do _ _ _
Revised.
v Preliminary.
JSee note marked "J" on p. S-ll.
64.55
69. 60
72. 45
60.32
64.33
66.12
r
r
74. 97
74. 90
77. 22
68 46
76. 55
68. 78
57. 39
70 50
75.42
68. 58
57. 73
r
r
P 59. 20
P 75. 95
68. 31
P 68. 60
66. 84
75. 38
66. 13
P 76. 42
P 68. 68
74. 80
73.91
77.74
71 67
75. 18
67. 93
56. 24
P 77. 06
v 68. 88
v 56. 19
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1950
August
September
October
19 51
November
December
January
February
March
April
August
May
June
July
58.16
59 66
62 91
59.67
50.39
56 37
71.97
42. 58
52 87
53.95
46.76
' 57. 93
r
60 40
r
63. 90
r 60. 52
r 48. 88
r
57. 24
r
73. 75
* 42. 49
r
51.37
' 52. 67
»• 45. 04
' 58. 58
r
61. 70
r 67. 49
f
61. 24
r
49. 21
' 57. 88
' 58. 44
r
61 32
68.03
62.24
48.56
57.97
75.38
' 45. 74
r
49 67
50.46
44.73
P
44.97
54.90
r
43. 56
' 53. 29
' 44. 09
'53.17
'45. 11
P45. 79
'
r
r
r
37. 28
47. 30
65. 92
70. 96
' 37. 00
'47.31
' 65. 75
71.32
' 75. 66
r 83. 49
r 74. 60
68.14
r 72. 07
' 75. 70
' 82. 68
' 75. 10
' 68. 56
' 72. 40
'81.07
' 84. 68
' 71. 74
' 83. 09
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average weekly earnings, etc. — Continued
All manufacturing industries— Continued
Nondurable-goods industries
_ dollars
Food and kindred products
do
Meat products
do
Dairy products
do
Canning and preserving
__
do
Bakery products
do
Beverages _
_ _ _ _ _ do __
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
-do
Knitting mills
__
do
Apparel and other finished textile products
dollars-Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars. _
Women's outerwear _ _ _ _ _ __do
Paper and allied products
do
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
dollars- _
Newspapers
_ __
do _
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
_ do
Products of petroleum and coal
do
Petroleum refining!
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do _
Footwear (except rubber)
do _ _ . .
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars
Nonmetallic mining and quarrying . _ do
Contract construction
do
Nonbuilding construction... ___ _ do ___
Building construction
do
Transportation and public utilities:
Local railways and bus lines _
_ do
Telephone
do _
Telegraph
_
do _
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor stores.
- do _ _
Automotive and accessories dealers .do _
Finance:
Banks and trust companies..
do. _
Service:
Hotels, year-round
__ .do __
Laundries
do
Cleaning and dyeing plants
do __
57. 68
46. 82
55.04
68.78
43.72
53.57
54. 36
47.24
60. 11
65.83
59.09
49.41
54.68
71.61
44.12
53. 59
54. 39
47.94
43.09
47.75
45.51
51.77
44.50
52.57
45.88
55.57
47.42
55.23
48.38
56.32
47.27
37.18
46.43
63. 10
66.89
38.38
50.94
63.27
67.20
38.53
48.37
64.92
69.00
38.59
62.74
66.99
66.44
70.63
39.11
55.01
65. 96
70.89
39.68
56.08
65.36
70.49
40.17
52.49
66.16
70.80
38.96
48.37
66.38
73.17
78.84
72.38
63. 48
65.85
73.73
75.29
66.25
76.01
46.49
44.39
74.48
81.11
73.61
64. 16
67.52
76.77
79.72
66.58
75.46
45.72
43.32
74.22
74.52
82.29
73.42
76. 42
74.22
79.12
74.58
66.99
70.11
78.58
82.95
66.78
73.69
48.30
45.88
74.23
79.96
73.24
75.74
85.42
75.60
66.43
69.75
78.32
75.78
82.98
74.76
67.84
64 48
65.77
71.04
66.38
68.45
71.01
61.74
75.96
76.48
75.99
73.47
46.06
51.08
37.43
54.01
55.30
56.36
62.59
81.07
73.78
64. 55
67. 98
77.71
80. 93
66.29
73. 12
46.04
42.76
58.44
59.85
69.92
51.84
58.53
59. 12
61.92
59.98
48.64
55.32
72.35
42.03
53.34
53.72
48.54
57.13
71.37
r 75. 13
r 44. 68
'51.03
52.14
' 45. 34
52.52
52. 23
65. 57
72.32
' 43. 59
74.62
47.10
75.63
r 74. 96
72.38
' 68. 88
77.95
73.61
79.79
72.68
r 78. 30
r 67. 22
r 78. 24
' 67. 73
' 82. 62
74. 19
77.44
80.30
65.88
79.36
78.26
79.75
82.79
68.32
84.28
85.97
83.67
70.42
70.92
r 72. 17
56. 12
64.40
71.36
56. 52
64.63
70. 14
70 38
r 56. 59
r 65. 97
r 70. 72
63.44
63.62
63.62
63.95
r 63. 78
' 64. 47
64.87
38.02
37.43
52.69
36. 44
52.62
65.29
36.98
36.71
r 53. 44
r 66. 22
' 38. 11
' 54. 63
' 66. 27
38.60
69 84
75.59
72.99
69.92
60.85
73.27
73.53
65.14
77.77
74.33
77.67
64.03
77.92
77.65
77.87
76.21
63.31
77.52
75.42
78.07
75. 58
62.12
77.36
75.58
77.80
76.90
62.51
75.89
75.86
75.86
66.84
67.42
67.77
65 65
55. 80
64.49
67.35
56. 18
64.74
67.93
69. 96
56. 30
65.05
71.31
70.23
54. 71
68.26
54.04
64.25
68.68
60.90
60.93
61.68
61.98
63.49
37. 06
53.04
63.66
36. 11
52.12
63.52
36. 01
51.80
63.94
35.24
52.40
63.07
37.02
52.91
63.53
53.15
64.48
71.33
76.63
61.96
77.61
74.70
78.35
56.41
64.57
71. 18
67.17
70.26
78.44
81.28
63.37
66.95
49.43
46.99
82.13
75.52
67.54
71.15
78.93
81.89
65.88
71.40
48.73
46.43
73.46
66.65
75.67
72.83
50.68
74.66
77.15
60.77
75.47
72.20
76.14
76.63
63.74
76.99
70.66
57.58
64.86
65.16
71.82
81.33
84.87
65.96
70.15
46.65
43.65
53.18
66.34
'81.31
r
r
r
r
84.
68.
75.
45.
77
56
92
38
66.67
r 73. 86
r 81. 62
'81.26
r 81. 83
r 46. 61
'82.23
' 82. 71
' 72. 67
58.08
65.44
' 71.31
57 8V
pQQ 09
P
44 88
48 34
P
36.40
r
r 41. 70
81.03
68.76
76.21
47. 26
44.02
63.99
71.13
43.17
53.94
54.22
49.24
58.40
' 75. 54
81.74
75.02
' 69. 10
72.68
' 83. 89
87.78
r
71. 56
85. 13
r
46. 95
44.32
65. 52
69. 34
78.32
81. 64
66.52
73. 70
45. 94
42.23
71.92
58.32
59.04
60.25
59.45
49.84
55.49
pg5 45
"75. 39
P
68 10
"80. 43
P
71 39
P
46 83
72.59
59.26
71. 23
71.77
55. 32
66.50
46.36
46.75
47.78
48.18
48.66
49.28
49.55
49.70
50.08
r 50. 11
' 50. 00
50.49
34. 67
35. 79
42.15
34. 74
35.86
42.23
35.16
36. 38
42.29
34.89
35.04
36. 25
41.78
44. 14
34.90
37.32
44.90
r 35. 02
r 37. 96
r 45. 90
r 35. 03
36. 70
43.35
34.68
36.85
40.16
34.30
35.93
42.56
35. 33
38.01
44.68
1.464
1 539
1.552
1.479
1. 562
1.564
1.501
1.577
1.589
1.514
1.587
1.625
1.543
1.619
1.608
1.555
1.630
1.656
1.561
1.639
1.661
1.571
1.654
1.687
1.578
1.659
1.662
1.586
1.601
r 1. 665
r 1. 677
r 1. 686
r 1. 682
1 388
1.383
1.282
1.428
1.485
1.639
1.404
1.407
1.301
1.467
1.572
1.669
1 404
1.401
1.321
1.485
1.586
1.666
1.391
1.389
1.335
1.505
1.623
1.678
1.391
1.386
1.342
1.507
1.607
1.758
1.376
1.371
1.362
1.526
1.628
1.789
1.386
1.368
1.378
1.529
1.614
1.779
1.369
1.373
1.387
1.540
1.614
1.797
1.424
1.423
1.386
1.546
1.630
1.758
' 1.439
' 1. 478
r 1. 434
r 1. 393
r I. 481
r 1. 629
r 1. 799
1. 384
1.561
' 1. 633
' 1. 836
1.680
1.724
1.688
1.692
1.830
1.882
1.854
1.873
1.873
r 1.871
r 1. 935
1.937
1.544
1.564
1.600
1.652
1.666
1.703
1.675
1.674
1.675
r 1. 679
' 1. 695
1.709
1.539
1.561
1.576
1.580
1.610
1.622
1.635
1.652
1.655
r 1. 655
' 1. 664
' 1. 662
"1.661
1.564
1.607
1.467
1.580
1.626
1.485
1.606
1.655
1.523
1.617
1.675
1.539
1.636
1.698
1.555
1.663
1.716
1.556
1.677
1.726
1.569
1.692
1. 745
1.582
1.692
1.749
588
r 1. 691
r 1. 750
r 1.604
' 1. 692
' 1. 764
' 1. 621
1.671
' 1. 757
r
1. 637
'1. 765
vl 647
1.735
1.778
1.626
1.654
1. 653
1.466
1.319
1.770
1.818
1.667
1.642
1.701
1.496
1.331
1.781
1.830
1. 675
1.642
1.726
1.524
1.347
1.790
1.842
1.693
1.666
1.729
1.544
1.351
1.816
1.865
1.734
1.671
1.773
1.567
1.379
1.806
1.847
1.757
1.660
1.766
1.574
1.389
1.815
1.862
1.752
1.703
1.744
1.589
1.404
1.838
1.889
1.762
1.711
1.829
1. 599
1.402
.829
.877
1.755
1.712
1.864
1.613
1.405
r
r
r
r
' 1. 861
' 1. 924
' 1. 870
1.940
1.779
1.774
1.861
' 1. 633
' 1.413
vl. 884
1.374
1.379
do
1.341
1.342
do _
1.501
1.423
do
1.257
1.271
do _
1.148
1.180
do
1.307
1.300
do
1.
656
1.647
do ..
JSee note marked "J" on p. S-ll.
1.404
1.366
1.501
1.275
1.211
1.309
1.662
1.419
1.386
1.509
1.284
1.245
1.319
1.658
1.443
1.415
1.547
1.302
1.252
1.323
1.694
1.456
1.438
1.538
1.340
1.290
1.324
1.738
1.458
1.440
1.510
1.348
1.292
1.337
1.765
1.460
1.442
1.525
1.351
1.297
1.333
1.769
1.465
1.448
1.527
1.347
1.302
1.355
1.777
r
r
r
r
'
' 1.487
1.453
1.616
1.365
1. 205
1.377
1.799
vl. 480
vl. 448
Transportation equipment
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries.
57.19
58.08
65.49
56.62
48.06
54.47
67.81
42.45
53. 19
53.68
47.91
56. 19
57.92
56. 57
47.91
54.34
68.39
43.37
49. 33
49.29
45.67
33.92
34.83
Average hourly earnings (U. S. Department of
Labor) :
All manufacturing industries
dollars .
Durable-goods industries
do
Ordnance and accessories.
.
. do ..
Lumber and wood products (except furniture)
dollars
Sawmills and planing mills .
do _ _ .
Furniture and
fixtures
do
Stone, clav, and glass products
__do_._
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling millst
dollars.
Primary smelting and refining of nonferrous
metals.
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars. _
Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical)
_ do
Electrical machinery
do
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
r
' Preliminary.
Revised.
56.81
47.18
53.85
67.86
42.02
49.98
49.90
45.63
56. 58
56.83
61.24
56.74
49.05
54.19
68.14
41.21
52. 58
53.17
47.67
55.65
do
do
do
do
do__
do
do ...
1.554
1.
1.
1.
1.
833
882
759
720
1.858
r 1. 626
r 1. 410
1. 474
1. 452
1. 536
1. 342
1. 283
'38.31
' 45. 71
r 1. 769
' 1. 758
1.876
' 1. 629
' 1.415
'
'
'
'
1. 483
1. 469
1. 603
1. 346
<• 1. 366
r 1. 265
r I. 378
r 1. 790
' 1. 793
' 1. 602
' 1. 688
' 1.712
"1. 602
vl 693
"1. 694
' 1. 452
1.454
' 1.404
' 1.571
1.666
' 1. 837
pl.469
pl.423
vl. 565
vl. 830
vl. 644
vl. 419
SUKVEY OF CUREENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-15
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
r
August
EMPLOYMENT AND POPULATION—Continued
WAGES —Continued
Average hourly earnings, etc. — Continued
All manufacturing industries— Continued
Nondurable-goods industries— Continued
Tobacco manufactures
dollars. _
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars _ _
Men's and boys' suits and coats.
do. _.
Men's and boys' furnishings and work
clothing
dollars.Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills. do
Printing, publishing, and allied industries
dollars. _
Newspapers
. _
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refiningt ..
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 stores
do
Automotive and accessories dealers.. .do
Service:
Hotels, year-round
do
Laundries
do.
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
dol. per hr__
Skilled labor
do
Farm wage rates, without board or room (quarterly)
dol. per hr
Railway wages (average, class I)
do
Road-building wages, common labor
do
1.098
1.218
1.208
1.165
1.072
1.228
1.214
1.173
1.076
1 295
1.300
1.216
1.123
1 307
1.306
1.238
1.124
1 313
1.313
1.240
1.140
1.320
1.317
1.265
1.139
1.322
1.316
1.269
1.142
1.317
1.304
1.274
1.157
1.325
1.319
1.274
1.161
1.324
1.320
1.276
»• 1. 179
' 1. 322
1.320
r
1. 270
1.225
1.355
1.207
1.349
1.220
1.366
1.206
1.387
1.257
1.474
1.285
1.469
1.290
1.482
1.264
1.480
1.232
1.464
1.234
1.468
r
r
1. 249
1. 481
1.050
1.379
1.519
1.591
r
r
r
1. 054
1. 404
1. 522
1.599
.985
1.492
1.426
1.502
.994
1.442
1. 434
1.510
1.881
2.160
1.805
1.526
1.618
1.900
2.198
1.813
1.535
1.655
1.816
1.911
1.585
1.863
1.186
1.144
1.841
1.935
1.589
1.845
1.200
1.152
1 868
1.969
1.582
1.819
1 218
1.165
1.539
1.981
2.001
1.573
1.984
1.591
2.026
2.032
2.022
1.762
1.366
1.968
1.791
2.021
1.814
1.385
2.013
1.828
2.024
1.492
1.392
1.422
1.603
1.495
1.409
1.446
1.619
1.496
1.426
1.445
1.625
2.067
1.002
1 468
1.438
1.510
1.022
1 398
1.472
1.554
1.903
1.901
2.212
1.831
1.560
1. 683
2.203
1.849
1.537
1.662
1.876
1.398
1.827
2.082
r
1 901
1.043
1 477
1.493
1.573
1.057
1.528
1.506
1.586
1.061
1.528
1.506
1.584
1.920
1.908
2.210
1.837
1.595
1.710
1.933
2.221
1.859
1.607
1.722
2.242
1 844
1.578
1.693
1.941
1.603
1.838
1.225
1.173
1 901
1.991
1 653
1.910
1 234
1.177
1.626
1.963
2.013
2.020
2.038
1.880
1.428
1.894
1.431
2.006
1.877
1.410
1 675
1.986
2.038
1.653
1.919
1.248
1.198
1.701
1.987
1.932
2.032
1.629
1.886
1.261
1.211
2.255
1.869
1.623
1.739
1.874
1.612
1.727
1.974
1.944
2.075
2.037
1.647
1.899
1.269
1.225
1.649
1.896
1.278
1.233
1.879
1.634
•• 1. 745
'1 988
2. 093
1 660
1.927
1 282
r
1 230
r
r
1.682
2.194
2.222
1.696
2.185
2.231
1.889
1.462
2.121
1.927
2.163
1.949
1.464
2.122
1.942
2.167
' 1. 938
1.541
1.453
1.449
1.690
1.545
1.450
1.444
1.696
T
1.681
2.093
1.880
2.120
1.896
2.135
1.905
1.447
2.114
1.915
2.157
1.497
1.422
1.447
1.643
1.511
1.440
1.452
1.670
1.530
1.450
1.451
1.690
1.536
1.469
1.451
1.699
r 1. 471
r
r
r
2 131
1.944
2 182
r
1.497
1.508
1.519
1.541
1.555
1.567
1. 567
1.575
.991
1.278
1.396
.992
1.290
1.393
.992
1.295
1.393
.979
1.310
1.377
.969
1.313
1.381
1.036
1.332
1.411
1.031
1.334
1.432
1.018
1.339
1.438
1. 030
1.343
1.458
r
r
.771
.858
1.004
.783
.870
1. 023
.788
.873
1.028
.795
.879
1.025
.801
.883
1.029
.804
.895
1.047
.811
.895
1.042
.801
.901
1.051
.806
.908
1.059
1. 561
1.561
1.568
2.565
1.574
2.571
1.574
1.585
2.604
1.593
2.615
1.595
2.619
1. 552
1.586
.66
1.566
1 23
1.587
1.603
.79
1.585
1.30
1.659
1.681
453
356
470
369
2.577
r
1 552
1.451
1 453
r I
1.489
2.554
2.259
r
r
r
r
T
704
r 807
•-.917
' 1 065
1 992
2. 096
1 692
1 983
1 228
1.314
1.314
1.260
v 1. 279
.055
.514
.532
.618
v 1 522
* 1. 957
v 1. 953
r
2.258
r
1.885
1. 665
1.764
r
2 007
2 110
r i 716
2 022
T i 269
1 221
1 724
2 254
2 250
•• 1. 951
2 194
1.976
1.495
2 150
1 990
2 196
1 556
1 474
1 451
1 710
1 585
1 489
1 590
1 713
1 584
1 590
1. 044
1 349
' 1.463
1 046
1 346
1 468
2.227
f
1. 482
r
2 146
r
1. 972
r
r
r
f
r
r
r
809
921
r 1 073
814
918
1 069
1.629
2 688
1.595
2. 619
1.608
2 629
1.615
2 648
.78
1.716
1.23
1.725
1.751
456
387
417
364
v 1. 139
9 1 310
.278
.463
1 695
2 229
1 571
1.034
1 346
1. 465
1 887
1. 648
1. 753
r 1 277
r
1 696
2 215
2. 218
r
r
2.544
1.956
2.275
2.219
2.074
1.844
1.955
1.948
1.947
2.244
2.207
2.040
2.092
1.053
1.378
1.519
1.593
1.060
1.462
1.514
1.584
1. 188
r
82
*» 1 657
v i 986
P i 712
i> i 269
1.637
2 701
0
73
1 24
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil of dol
Commercial paper
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of dol
Farm mortgage loans, total
do
Federal land banks
_
do
Land Bank Commissioner
do
Loans to cooperatives
do
Short-term credit
__
do
Bank debits, total (141 centers)
New York City
_
Outside New York City
do
do
do
Federal Reserve banks, condition, end of month:
Assets, total
mil. of dol
Reserve bank credit outstanding, total. ..do
Discounts and advances. .
do
United States Government securities __ .do
Gold certificate reserves
do
Liabilities, total
.
.
. d o
Deposits, total.
.
do
Member-bank reserve balances
do
Excess reserves (estimated)
__do
Federal Reserve notes in circulation
do
Reserve ratio
percent. _
r
Revised.
v Preliminary.
JSee note marked
374
286
397
308
383
312
383
325
394
333
251
606
988
941
47
269
582
305
546
115, 490
50, 067
65,423
110, 107
44, 910
65, 197
111, 974
43, 837
68 137
44, 049
18, 820
82
18, 356
22 389
44, 049
17, 912
15, 989
45, 604
20, 340
72
19, 572
22, 235
45, 604
19, 197
16, 709
331
519
989
946
43
350
522
356
551
110, 132
43, 740
66 392
125, 435
52, 590
72, 845
123, 224
48, 207
75, 017
47, 738
47, 172
23, 051
22, 216
67
798
21, 484
20, 778
21, 458
21, 160
47, 738
47, 172
20, 998
19, 810
18, 984
17 681
937
219
589
645
1,172
888
23,026
23, 075
23, 587
22, 947
23, 397
22, 997
48.1
53.2
49.4
54.8
51.8
52.7
"i" on p. S-ll.
« Rate as of October 1.
§Rates as of Sept.
44, 826
19, 798
116
1$, 252
22 045
44, 826
18, 398
16, 514
45, 448
20, 638
161
19, 693
21 798
45, 448
18, 682
16 763
425
331
380
336
384
368
2,097
1,012
1.986
1,861
1,838
479
381
361
592
998
958
40
339
650
323
700
310
739
974
37
315
771
333
791
347
786
101, 437
39, 067
62, 370
129, 112
53, 171
75, 941
114, 898
45, 477
69, 421
116, 572
45, 375
71, 197
120, 698
48, 588
72, 110
110, 756
43, 224
67,532
111,190
41,363
69, 827
47, 368
23, 188
398
21, 881
20, 852
47, 368
20, 704
19, 066
47, 978
24, 150
275
22, 910
20, 567
47, 978
21, 450
19, 014
46,883
23, 560
283
22, 742
20, 567
46,883
20, 748
18, 901
47, 174
23, 481
529
22, 509
20, 508
47, 174
20,381
18, 536
47, 634
24, 043
53
22, 982
20, 514
47, 634
20, 598
19, 020
47, 755
24, 309
552
23,127
20,611
47, 755
20, 678
19, 181
700
647
452
330
416
47, 547
24, 033
277
23, 078
20, 504
47,547
20,606
18,863
'467
23,726
46.3
23,332
23, 630
23, 041
23, 143
23, 110
46.9
46.9
46.4
46.2
47.6
1,1951: Common labor, $1. 637; skilled labor, $2. 701.
717
24,020
46.1
SUKVEY OF CUEKENT BUSINESS
S-16
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
January
February
March
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 dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol. .
States and political subdivisions
do
United States Government
do
Time except interbank, total
-do
Individuals, partnerships, and corporations
mil. of dol__
States and political subdivisions . _ -do
Interbank (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 agricultural. .do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of doL _
Real-estate loans
do
Loans of banks
- -do _ _
Other loans
do
Money and interest rates :cf
Bank rates on business loans:
In 19 cities
percent
New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N Y F R Bank)
do Federal intermediate credit bank loans
do
Federal land bank loans
-do
Open market rates, New York City:
Acceptances prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months
do
Call loans renewal (N Y. S E.)
-do
Time loans 90 days (N Y S E )
do
Yield on U. S. Govt. securities:
3-month bills
do__
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
48, 995
49, 238
49, 471
50, 546
51, 642
51, 220
50, 649
49, 487
50, 163
50, 034
49, 916
50, 383
50 976
49, 368
3, 321
2,390
15, 331
50, 198
3,245
2,338
15, 329
50, 445
3, 362
1,805
15, 292
51, 305
3,371
1,624
15, 242
53, 518
3,393
1,572
15, 346
51, 760
3,657
1,622
15, 250
51,813
3, 640
2, 588
15, 324
50, 104
3,489
4,622
15, 379
50. 257
3, 950
3,520
15, 338
50, 591
3, 857
3,005
15, 362
50, 500
3,589
4,679
15, 539
50, 860
3,644
2,673
15, 551
51, 174
3,362
2 609
15 635
14, 535
663
10, 125
41,317
14, 537
662
10, 285
40, 265
14, 513
653
11,032
39, 850
14, 475
642
10, 854
39, 337
14, 578
642
12, 956
39, 795
14, 533
689
10,818
38, 039
14, 495
703
10, 783
37, 312
14, 555
697
10, 384
37, 491
14, 477
732
10, 669
37, 447
14, 485
746
10, 157
36, 941
14, 661
743
10, 422
37, 758
14, 673
740
11, 103
37, 613
14, 741
751
10 807
37, 572
35. 082
2,297
1 359
23, 539
7,887
6,235
27, 253
14, 739
1,427
33, 845
2,391
1, 156
22. 426
7,872
6,420
28, 502
15, 725
1,487
33, 535
2,481
1,048
22, 246
7,760
6,315
29, 387
16, 476
1,355
32, 984
2,044
1,124
22, 114
7,702
6,353
30, 586
17, 084
1,671
33, 294
2,470
31, 557
1,651
30, 791
1,577
30, 886
1,933
30, 836
1,971
30, 443
1,769
21,573
9,251
6,501
31,417
17, 859
1,578
21,205
8,701
6,482
31, 541
18, 120
1,554
20, 830
8,384
6,521
32, 189
18, 733
1,498
20, 744
8,209
6,605
32, 707
19, 202
1,512
20, 715
8,150
6,611
32, 661
19, 186
1,359
20, 527
8,147
6,498
32, 428
19, 048
1,332
31, 176
2,745
1 585
19, 478
7,368
6,582
32, 877
19, 220
1,399
30, 997
2,648
2,224
19, 442
6,683
6,616
32, 487
19, 124
1,390
30, 930
2,593
2 239
19, 486
6,612
6,642
32, 916
19, 502
1,170
743
4,938
358
5,439
718
5,035
339
5,590
728
5, 126
312
5,786
792
5,213
377
5,845
750
5,280
510
5,877
754
5,299
317
5,946
748
5,331
412
5,910
718
5,369
425
5,930
727
5,419
491
5,935
717
5,476
382
5,928
716
5,530
523
5,947
700
5,545
324
5,865
698
5,584
558
5,866
1.75
2.00
4.08
2 63
2.32
2 63
3 13
1.75
2.00
4.08
1.75
2.00
4.08
1.75
2.00
4.08
2 84
2 51
2 87
3 28
1.75
2.00
4.08
1.75
2.03
4.08
1.75
2.03
4.08
3 02
2. 74
3 02
3 42
1. 75
2.06
4.08
1.75
2.17
4.08
1.75
2.23
4.08
3 07
2 78
3 04
3 52
1.75
2.23
4 08
1.75
2.37
4.08
1.75
2.47
4.08
1.16
1.44
1 63
1 63
1.31
1.66
1.63
1 63
1.31
1.73
1 63
1 63
1.31
1.69
1.63
1 63
1.31
1.72
1.63
1 63
1.39
1.86
2 00
2 00
1 50
1.96
2 00
2 00
1.63
2.06
2 00
2 00
1.63
2.13
2.00
2 00
1 63
2.17
2 15
o 25
1 63
2.31
2 25
2 25
1.63
2.31
2.25
2.25
1.63
2.26
2.25
2.25
1.211
1 45
1.315
1 55
1.329
1 65
1.364
1 62
1.367
1 64
1.387
1 66
1.391
1 67
1.422
1 86
1.520
2.03
1.578
2 04
1 499
2 00
1.593
1.94
1.644
1.89
11, 448
3 021
11,462
2 991
11, 464
2 967
11,525
2 947
11, 646
2 924
11, 635
2 901
11, 625
2 877
11, 648
2 852
11, 662
2 831
11, 710
2 808
11,821
r 2 788
11, 840
v 2, 766
11, 867
P 2, 754
18, 842
13 009
7 613
4 107
19, 329
13 344
7 858
4 213
19, 398
13 389
7 879
4 227
19, 405
13 306
7 805
4 175
20, 097
13 459
7 904
4 126
19, 937
13 252
7 694
4 056
19, 533
13 073
7 521
3 990
19, 379
12 976
7*368
3 946
' 19, 126
r 12 904
7 270
3 934
19, 207
12 920
7 248
3 980
19, 256
12 955
7 234
4 041
P 19, 135
v 12, 905
* 7, 173
v 4, 061
P 19, 306
p 13, 060
P 7, 254
p 4, 134
1,123
998
658
727
1,159
1 028
702
756
1,170
1 019
705
758
1,172
1 003
702
753
1,245
1 029
710
794
1,201
982
694
761
1,162
956
677
736
1,133
924
655
710
1,103
905
636
692
1,084
890
616
678
1,055
874
602
662
P 1, 022
"854
P590
^646
p 1, 020
^857
*596
*>647
5 396
2 401
514
290
197
5 486
2 462
524
295
201
5 510
2 460
524
294
201
5 501
2 435
521
292
200
5 555
2 431
525
291
203
5 558
2 438
518
289
202
5 552
2 441
515
286
202
5 608
2 476
517
286
204
5 634
2 497
514
286
205
5 672
2 506
518
288
207
5 721
2 515
522
288
209
* 5, 732
p 2, 492
"524
^288
"211
p 5, 806
p 2, 522
*531
?293
*216
835
1 009
150
844
1 010
150
853
1 026
152
863
1 037
153
864
1 084
157
863
1 090
158
856
1 094
158
853
1 112
160
'852
1 119
161
860
1 131
162
872
1 151
164
P884
P 1, 167
"166
p 1, 181
P 167
3 636
1 157
1,040
3 741
1 197
1 047
3 703
1 250
1,056
3 739
1 298
l'062
4 239
1 332
1 067
4 248
1 352
1 085
4 010
1 369
1,081
3 938
1 381
1,084
3 744
1 392
1,086
3 793
1 398
1 096
3 804
1 399
1 098
p 3, 743
* 1, 393
p 1, 094
P 3, 750
p 1, 396
p 1, 100
387
88
46
33
166
356
76
40
32
149
298
66
39
28
149
257
64
34
27
165
289
72
37
29
234
326
67
39
28
162
296
64
35
27
158
368
79
43
33
207
340
72
41
31
184
359
82
44
33
198
356
86
44
35
204
*339
"76
544
"35
*206
*391
*90
*49
?40
3,238
2,860
52
2,108
948
129
4 842
4,605
47
3,947
775
73
2,300
2,056
57
1,291
808
144
3 184
2 851
54
2,250
746
133
4 474
4,211
54
3,538
764
117
4 621
4,448
57
3,538
853
173
4 820
4,257
49
3,851
797
122
8 811
8,112
59
7,818
838
96
3 289
2,626
54
2, 423
690
123
4 039
3 146
53
3 074
747
164
7 603
7 089
48
6 611
719
T
225
2,833
2,571
48
1,886
722
177
4,165
3,594
50
3,131
806
178
2,515
134
T
460
1,149
766
3,520
646
402
1,037
1,435
3,170
229
460
1,338
1.142
3, 102
142
470
1,446
1.045
3,742
968
443
1,510
808
3 808
514
472
1,651
1.171
3,211
156
426
1,695
934
4,058
580
456
2,057
965
4,007
253
427
2,160
1,167
4 517
163
425
2,396
1.533
5 969
1,557
384
2,495
1.533
4,739
232
435
2,930
1,141
5,087
222
422
p 3, 040
1,403
1
CONSUMER CREDIT
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
All other retail stores (incl. jewelry)
do
Cash loans, total
_ - _do_ _ _
Commercial banks
do
Credit unions
-do
Industrial banks
-do
Industrial-loan companies
do
Insured repair and modernization loans
mil. of doL _
Small-loan companies
do
Miscellaneous lenders
do
Charge accounts
Single-payment loans
Service credit _ __
_- __ _
do
do
-do
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil. of dol
Credit unions
-do_ _
Industrial banks
do
Industrial-loan companies
__ _ _ _ __do _ _
Small-loan companies
do
r
p2U
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
Receipts, net
_ __
Customs
_Income and employment taxes
Miscellaneous internal revenue
All other receipts
mil. of dol
do- _ _
do_ ._
do
-do
do
Expenditures, total
do
Interest on public debt
do
Veterans Administration
- _do_ _
National defense and related activities. . .do
All other exDenditures
do
T
2
Revised.
P Preliminary.
* Beginning April 1,1951, includes iy% percent note of March 15,1955,1% percent note of December 15,1955, and 2^j percent bond of March 15, 1956-58.
Data reflect a reduction of $1,746,000, representing net investments of wholly owned Government corporations and agencies in public debt securities which were classified as expenditures
in July-October.
c?For bond yields see p. S-19.
2
SURVEY OF CURRENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-17
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
August
255, 941
253, 382
219 448
33, 933
2,559
254, 997
252, 553
219, 028
33, 525
r
2,444
254, 727
252, 280
218, 690
33,590
2,447
255, 093
252, 729
218, 680
34, 049
2,364
255, 222
252, 852
218, 198
34, 653
2,370
255, 657
253, 325
218, 618
34, 707
2,332
256, 644
254, 321
219, 174
35, 146
2,323
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol_ _ 257, 874
255, 764
Interest-bearing, total _ _ _ __ _ _
_do
223, 059
Public issues
do
32, 705
Special issues
..
_ do _ _
2,110
Noninterest bearing
do
Obligations guaranteed by U. S. Government,
end of month
mil. of dol__
18
U. S. savings bonds:
Amount outstanding, end of month
do
57, 451
350
Sales, series E, F, and G
do
537
Redemptions
__ __ _ _ .
do
257, 216
254, 968
221, 572
33, 396
2,247
do
do
do _ _
Privately owned interest
U. S Government interest
do
do
257,077
254, 887
221, 156
33, 732
2,189
256, 708
254, 282
220, 575
33, 707
2,425
20
22
24
24
18
18
21
21
29
29
28
32
58,027
971
497
58, 096
436
58, 248
541
58, 191
476
58, 133
386
58, 020
359
57, 938
310
r 472
57, 842
295
57, 784
289
57, 733
310
57, 691
312
509
448
24, 102
12, 769
3,684
1,387
113
539
2
708
560
24 635
13, 228
3,884
1,528
25 104
13, 496
3 931
1,721
6 116
1,774
2,075
3 473
2,945
1,141
1,764
2, 162
3 467
2 951
1,264
2,097
2 406
2 500
19
23
19
1,190
1,193
1 247
1,234
531
970
214
475
481
436
564
234
21, 791
477
108
473
(i)
760
6 078
1,108
268
22 337
21 995
2,166
1,009
997
899
893
890
884
883
885
882
872
862
"856
535
108
110
518
105
111
515
105
111
426
103
108
436
103
108
439
102
106
447
98
106
458
97
105
462
95
104
463
94
103
460
93
103
23
22
439
99
106
P457
i>92
v 102
*>1S
97
92
95
90
93
90
36
36
63, 688
57, 244
25
2
528
1,739
2,112
3,478
2, 931
1,073
498
Eeconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total
mil. of dol
Industrial and commercial enterprises, including
national defense _
mil. of dol
Financial institutions
do
Railroads
_
- do _ . _
States, territories, and political subdivisions-do
United Kingdom and Republic of the Philippines
mil. of dol. _
Mortgages purchased
do
Other loans
do
653
110
458
(i)
824
6,103
do
256, 125
253, 704
219 712
33, 992
2,421
57, 473
310
475
Government corporations and credit agencies:
Assets, except interagency, total
mil of dol
Loans receivable, total (less reserves)
do
To aid agriculture
do
To aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans
do
All other _
do
Commodities, supplies, and materials
do
U. S. Government securities
do
Other securities
do
Land, structures, and equipment
do
All other assets
__
__
_do___
Liabilities, except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
256, 937
254, 731
221, 191
33, 539
2,206
125
1, 227
36
24
24
118
97
113
94
36
23
108
93
36
36
20
19
18
81
83
75
82
72
81
36
36
35
*71
»81
»36
65, 156
58, 309
65, 496
58, 759
65, 727
59, 085
66, 128
59, 437
66 455
59, 701
58, 702
37, 572
12, 410
10, 166
10, 548
3 044
.11,570
739
15, 365
1, 310
14 054
2, 167
1,361
1 499
20
20
36
87
89
84
86
36
36
64, 296
57, 592
64, 539
57, 881
64, 822
58, 060
22
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total]"
mil of dol
Securities and mortgages t
do
49 companies (Life Insurance Association of
America), total
mil. of dol
Bonds and stocks, book value, total
do _
Govt. (domestic and foreign), total
do
U. S. Government _ .
__ do
Public utility
do
Railroad
do
Other
___
do
Cash
do
Mortgage loans, total
do
Farm
_ __
do
Other
do
Policy loans and premium notes
do ._
Real-estate holdings
do
Other admitted assets
do
' 55, 072
' 37, 756
15, 170
' 13, 007
'r 9, 910
2, 963
r
9, 712
r 727
r
12, 074
r
1,
106
r
10 968
»• 2, 020
1,216
r
1 280
55, 381
37, 758
15, 045
12, 839
9,943
2,973
9,797
55, 669
37, 548
14, 687
12, 502
10, 042
2,988
9,831
55. 932
37, 522
14, 414
12, 218
10, 092
2,987
10, 030
56, 519
37, 676
14, 221
12, 023
10. 187
2,998
10, 270
56, 886
37, 593
14, 064
11,865
10, 192
3,011
10, 325
57, 131
37, 577
13, 916
11, 718
10, 225
3,005
10, 431
57, 362
37, 414
13, 514
11, 307
10, 303
3,008
10, 589
57, 641
37, 342
13, 147
10, 927
10. 350
3.005
10, 839
57, 894
37, 455
13, 021
10, 787
10, 376
3,017
11, 041
58, 091
37, 486
12, 741
10, 480
10, 457
3,024
11, 263
58, 431
37, 574
12, 657
10, 417
10, 503
3,033
11, 381
12, 302
1, 110
11, 192
2,036
1,228
1,346
12, 570
1,125
11, 445
2,047
1,244
1,412
12, 866
1,136
11, 731
2,056
1,259
1,429
13, 252
1, 148
12, 104
2,067
1,278
1,457
13, 573
1, 170
12, 403
2,078
1,286
1,493
13, 848
1,196
12, 652
2.089
1,296
1, 529
14, 141
1,218
12, 923
2,107
1,304
1,488
14, 397
1,239
13, 158
2,119
1,311
1,495
14, 675
1,263
13, 412
2,133
1,321
1.506
14, 921
1,283
13, 639
2,146
1,323
1,450
15, 139
1,298
13, 841
2,156
1,342
1,468
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
2,540
349
414
1,777
117
361
346
169
239
84
185
64
212
2,468
617
411
1,440
89
294
302
140
177
64
135
55
183
2,595
700
500
1,395
95
320
299
128
162
65
121
48
158
2,692
881
455
1,356
95
333
293
120
147
60
111
47
150
2,973
1,142
389
1,442
94
323
300
146
162
56
129
59
174
2,068
333
395
1,340
105
336
281
120
147
52
115
45
139
2,354
649
424
1,282
92
318
273
114
147
49
110
43
137
2,463
429
486
1,548
107
381
326
137
173
57
143
56
169
2,284
316
466
1,502
100
369
322
126
172
58
136
53
166
2,428
411
505
1,512
96
368
324
133
172
58
135
55
171
2,295
343
475
1,477
93
356
315
134
166
58
138
49
166
2,219
302, 338
131, 433
38, 190
8,658
21, 090
57, 024
45, 943
280, 449
115, 933
35, 834
8,542
19, 077
52, 607
48, 456
304, 642
141, 539
40, 964
8,282
21, 056
50, 362
42, 439
305, 847
136, 412
40, 493
8,381
21, 253
55, 930
43. 378
345, 502
137, 352
39, 566
8,222
18, 131
54, 309
87, 922
370, 946
157,309
50, 856
9,487
27, 999
59, 291
66. 004
304, 142
129, 006
41, 556
7,959
22, 573
53, 161
49. 887
366, 291
153, 724
47, 349
8,682
22, 689
62, 476
71, 371
336, 397
146, 005
43, 726
8,831
21, 715
58, 309
57, 811
338, 335
149, 159
43, 178
8,846
23, 573
60, 249
53, 330
338, 256
142, 116
42, 984
8,247
22, 512
57, 296
65, 101
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
estimated total
thous. of dol_
Death claim payments __ __
do
Matured endowments
do
Disability payments _
do
Annuity payments
do
Surrender values _
do
Policy dividends
do
r
Revised.
1
r
r
61, 992
55, 949
r
62, 370
56, 260
712
r
62, 706
56, 374
848
r
63, 022
56, 700
799
r
T
789
863
792
908
977
804
765
751
95
346
320
130
172
57
130
51
164
2,165
281
424
1,460
93
323
321
128
174
58
142
53
167
307, 283
135, 428
38, 234
8,152
22, 550
54, 131
48, 788
327, 525
148, 811
39, 785
8,580
22 966
56, 691
50. 692
334
420
1,465
» Preliminary
Less than $500,000. 2 Includes holdings of the Federal National Mortgage Association; this agency was subsequently transferred to the Housing and Home Finance Agency.
^Revisions for January-July 1950, respectively (millions of dollars), are: Admitted assets, all companies—59,786; 60,076; 60,383; 60,662; 60,976; 61,354; 61,681; securities and mortgages—53,916;
54,254; 54,598; 54,856; 55,064; 55,348; 55,710.
SURVEY OF CUERENT BUSINESS
S-18
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
February
March
April
May
June
July
591, 532
60, 565
71, 275
48, 500
80, 391
330, 801
489, 571
47, 472
69, 653
43, 044
64,519
264, 883
525, 553
61, 935
64, 029
42, 184
65, 808
291, 597
548, 412
51, 957
59, 088
42, 243
82, 265
312, 859
502, 612
50, 164
79, 585
44 047
66 224
262 592
517, 615
62 341
57 096
46 484
61 ' 425
290' 269
23, 037
22, 706
22, 392
22, 086
21, 806
-35,311 -237, 935 -248, 540 -184,357 -111,239
95, 825
107, 834
110, 136
125, 704
161, 750
2,833
2,257
3,117
2,240
2,242
r
r
65, 294
63, 106
35, 594
37, 951
37, 674
37, 138
37, 815
12, 148
13, 034
13, 258
13, 407
13, 107
5,196
7,545
6,960
5,784
5,917
21, 805
101, 914
112, 842
2,245
r
21, 756
-12,947
43 357
2,398
21, 756
46, 270
41 422
3,840
21 759
-8, 790
28 374
12 165
" 21 854
136, 976
19 183
15 533
January
August
FINANCE—Continued
LIFE INSURANCE—Continued
Life Insurance Association of America:
Premium income (39 cos.), total.. _thous. of dol._
Accident and health
do
Annuities
do
Group
do
Industrial
. . do
Ordinary
do
477, 976
43, 025
54, 865
42, 113
66, Oil
271, 962
476, 122
38, 796
48, 948
30, 101
75, 080
283, 197
452, 453
46, 545
53,741
38, 507
64, 925
248, 735
491, 850
43, 806
64, 141
37, 849
63, 386
282, 668
757,998
67, 596
180, 356
60, 672
111,091
338, 283
550, 671
44, 905
106, 132
49, 667
77, 056
272, 911
511, 135
49, 579
68, 709
44, 655
67, 666
280, 526
MONETARY STATISTICS
Gold and silver:
Gold:
23, 627
Monetary stock, U. S
_
mil. of dol
Net release from earmark §
thous. of dol._ -431, 378
46,
368
Gold exports
do
4,146
Gold imports
do_ __
Production, reported monthly total t
do __ '67,178
39, 425
Africa
--- -do _
13, 177
Canada (incl. Newfoundland)
do
7,890
United States
.do
Silver:
425
Exports
._ do
8,904
Imports
do
.728
Price at New York
dol. per fine oz
Production:
Canada (incl. Newfoundland) . thous. offineoz _ _ 2,282
4,000
Mexico
do
3,660
United States
do_ __
Money supply:
27, 120
Currency in circulation
mil. of dol
179, 200
Deposits and currency, total _ __ _
do
Foreign banks deposits, net
do
2,400
U S Government balances
do
5,800
Deposits (adjusted) and currency, total__do
171, 000
Demand deposits, adjusted
_
..do
87,400
59, 100
Time deposits
do.
Currency outside banks
do
24,500
Turn-over of demand deposits except interbank and
U. S. Government, annual rate:
New York City
ratio of debits to deposits _ _
33.8
19 9
Other leading cities
do
23, 483
23, 249
-65, 889 -146,220
108, 448
95, 967
11, 998
2,519
r
65, 353
'66,774
38, 443
38, 306
12, 771
13, 190
7,846
8,170
37, 616
12, 689
5,529
38,907
12, 913
5,536
12, 690
5,921
5,464
565
4 586
902
334
17, 371
.728
335
12, 350
!751
947
13, 870
.800
2,246
10 602
.800
3,623
10, 999
.887
282
8,101
.902
1,932
17 486
.902
332
10 016
.902
273
7 015
.902
182
16 828
.884
2,164
4,000
4,222
2,398
4,400
2,747
1,854
4,300
3,433
1,879
4,000
3,939
2,015
5,545
3,769
1,589
5,249
3,374
1,755
1,903
4,371
1,468
3,583
3,429
1,840
2,097
3 482
2,037
3 932
27 161
179 900
2,300
6 000
171,600
88, 000
59 000
24,500
27 228
180, 100
2,500
4 800
172, 800
89, 200
59,000
24,600
27 595
181 000
2,300
4 900
173, 900
90,300
58,700
24,900
34.2
21.5
30.7
20 9
31.4
21 7
27 048
27 188
27 741
184, 385 "182 500 * 182 600
2,518
" 2, 400 * 2, 400
j> 4 900
4 950
"6 000
176,917 v 175, 200 9 174, 200
92, 272 v 91, 600 " 90, 600
59 247 i> 59 000 * 59 000
25, 398 " 24, 600 " 24, 600
37.2
23 0
32.9
22 0
30.7
21 5
27 119
27 278
27 519
"183 700 " 183 600 "182 900
v 2, 400
^2,500
"2,500
f 7 goo
t 6 700
"8 800
" 172, 500 " 173, 300 f 173, 700
9 89, 000 * 89, 500 f 89, 500
v 59 100 P 59 200 j» 59 300
* 24, 400 f 24, 600 9 24, 900
35.5
22 5
32.5
22 3
30.0
21 3
27 809
u 184 500
"2,500
j> 7 900
v 174, 200
" 89, 500
"59 800
"25,000
34.4
22 2
194
6 616
902
2 758
27 851
"184 500
" 2, 400
"6 300
" 175, 800
" 90, 700
"60 100
"25,100
28 155
" 185 200
" 2, 300
P 5 900
" 177, 000
" 91, 400
" 60 400
"25,300
31 1
20 9
27 0
20 0
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Keserve):
Profits after taxes, total (200 corps.) . - .mil. of dol. _
Durable goods, total (106 corps.)
do
Primarymetalsand products (39 corps.) -do
Machinery (27 corps.)
do
Automobiles and equipment (15 corps.) -do
Nondurable goods, total (94 corps.)
do
Food and kindred products (28 corps.), do
Chemicalsandallied products (26 corps.) - do
Petroleum refining (14 corps.)
do
Dividends, t otal (200 corps.)
do
Durable goods (106 corps.)
do
Nondurable goods (94 corps.)
do
Electric utilities, profits after taxes (Fed. Res.)
mil. of doL
Railways and telephone cos. (see p. S-23).
1,245
777
255
108
358
468
88
176
131
958
576
206
140
186
382
59
127
130
583
370
213
171
r
907
530
201
r
94
196
r
376
r
58
r
140
123
"922
"547
"211
"92
"204
"375
"47
"139
"123
873
541
333
467
269
198
J»474
"273
"201
211
229
"195
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
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes total
Corporate
Common stock. _
Preferred stock
By type of issuer:
Corporate, total
.
Manufacturing
Public utility
Railroad
Communication
Real estate and
financial
Noncorporate, total
U. S. Government
State and municipal
r
795
555
529
263
0
265
26
240
190
134
48
8
943
707
687
270
145
272
19
236
219
20
193
6
do
1 569
do
__do
do _ _
do
1 515
378
18
36
432
55
215
39
10
74
1,137
773
299
do
do
do
do
do
do
do
do
do
794
651
646
465
0
181
5
143
77
77
63
3
752
598
584
229
0
356
14
154
154
74
65
14
1 239
1 947
1 160
329
48
30
1 754
332
88
106
408
72
160
10
7
29
831
531
279
526
176
238
19
16
27
1,422
1,228
189
210
210
103
79
28
519
442
436
242
41
154
6
77
77
13
45
19
834
649
594
365
48
181
5
184
184
27
154
3
1 454
1 602
1 180
1 126
1 383
341
23
48
1 499
554
59
43
1 112
' 206
34
34
1 084
341
34
g
412
137
164
19
15
42
1 042
655
384
656
169
175
70
5
118
945
777
166
383
65
222
26
2
40
742
502
185
1 009
304
155
30
426
20
731
520
162
840
630
630
394
98
138
o
274
38
134
44
2
28
906
730
175
Revised.
" Preliminary.
1 Less than $500,000.
§Or increase in earmarked gold (—).
JRevisions for January-July 1950, respectively (thous. of dol.): 63,757; 59.846; 66,163; 62,777; 65,321; 65,943; 64,685.
1 233
1 022
1 001
795
48
158
21
211
180
82
88
10
1 064
920
918
660
29
228
2
144
144
80
61
4
1 161
946
865
398
60
407
80
215
215
13
198
4
1 302
1 106
1 075
706
89
280
31
197
197
57
137
3
1 740
1 516
1 757
3 951
1 635
1
1 545
'814
143
52
1 220
528
196
100
1 646
637
89
22
3 723
' 597
152
76
1 468
314
130
37
1
824
411
284
20
24
36
692
451
234
748
388
213
14
4
50
1 009
581
343
825
367
253
26
3
124
3 126
2,830
284
481
132
191
18
51
71
1 154
834
313
937
810
802
476
8
319
8
127
124
29
93
2
9R1
-IOC
296
56
fiQ
420
207
1fi9
Q
fi\
27
840
656
149
SURVEY OF CURRENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-19
1951
1950
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:
Estimated net proceeds, total
mil. of dol__
Proposed uses of proceeds:
New money, total
_do__ _
Plant and equipment
do
Working capital
__
_
do__ _
Retirement of debt and stock, totaL -do
Funded debt do__
Other debt
do
Preferred stock
do
Other purposes - _ do_ __
Proposed uses by major groups:
Manufacturing, total
do. __
New money
do. _.
Retirement of debt and stock
do
Public utility, total.
do_ _
New money
do
Retirement of debt and stock
do. __
Railroad total
do
New money
do
Retirement of debt and stock
do. _
Communication, total
do
New money ._
do
Retirement of debt and stock
do
Real estate and financial, total
do
New money
do
Retirement of debt and stock
do_
State and municipal issues (Bond Buyer) :
Long-term.
_
thous. of dol__
Short-term
do
427
399
514
406
649
269
378
994
810
739
812
472
413
257
180
77
152
136
10
5
19
300
243
57
62
23
31
8
37
306
256
50
177
68
92
17
31
306
189
117
88
51
24
13
12
433
242
190
168
83
84
1
49
243
193
49
25
12
11
2
2
314
243
71
57
28
27
2
6
845
699
146
121
68
53
0
28
626
504
122
129
13
64
52
55
676
487
189
46
14
26
6
18
685
431
253
112
54
49
9
15
436
326
110
33
11
2i
1
3
367
54
28
15
213
105
107
39
35
4
10
6
4
73
57
13
71
45
22
158
139
12
10
10
0
7
5
2
29
23
5
171
59
97
233
172
47
19
19
0
15
12
3
26
23
2
136
100
30
162
122
40
19
19
0
15
8
7
41
36
2
166
119
43
173
140
33
69
13
56
4
4
0
117
99
5
37
29
8
132
126
6
44
44
0
2
2
0
27
25
1
64
53
9
219
199
20
26
8
18
2
2
0
39
33
3
298
219
73
151
97
36
30
30
0
423
422
(i)
20
16
2
405
301
94
278
230
20
20
20
0
24
24
(i)
35
30
2
384
353
20
209
204
3
14
14
0
4
4
0)
50
37
10
361
314
42
249
234
13
26
26
0
3
2
0)
123
73
49
129
109
19
188
178
10
18
18
204
184
16
160
322, 795
172, 489
290,006
39, 798
229, 427
123, 887
394, 581
202, 771
170, 557
176, 520
180, 040
115, 289
205, 771
158,609
169, 623
89, 529
237, 662
191, 699
433, 961
162, 557
335, 166
105,887
132
336
143
275
132
253
243
317
227
391
265
449
186
480
181
426
155
409
222
434
1,231
780
752
1,284
738
751
1,351
771
759
1,360
796
774
397
1,356
890
745
1,411
948
690
1,367
953
642
1,304
918
715
1,286
879
661
101.18
101. 69
71.71
100.90
101. 38
72.56
99.30
99.77
71.94
121.4
140. 5
101. 56
121.3
140.7
101. 44
112, 608
135, 822
o
50
50
o
oco
104
30
20
in
Q
16
1 KA
Q
Q
9
Q
m
M
Q
70
68
25
13
364, 091
r
74, 901
148 990
84 760
185
389
175
445
163
458
1,287
855
681
364
1,275
834
680
1,266
825
672
1 260
816
624
98.72
99.24
71.85
98.28
98.79
71.70
97.86
98.37
71.78
98 48
98 98
73 10
99.23
99 73
73.66
119.4
135. 5
100. 28
117.8
131.9
98.93
117.4
131.1
97.90
116.6
128.6
97.62
116.2
129 4
97.93
117.1
132 1
98.90
77, 203
86, 108
72, 842
83,272
106, 614
108, 793
69, 822
80, 270
54, 048
63,267
52, 767
66, 368
53, 065
60, 666
110, 023
132, 186
74, 563
82, 658
70,081
79, 406
104, 014
105, 659
67, 378
77, 369
51, 192
60,114
50, 590
62, 649
51, 120
57, 957
120, 000
1
119, 999
110, 535
9,446
86, 996
0
86, 996
77, 384
9,592
76, 668
9
76, 659
68, 618
8,009
76, 030
1,946
74, 084
67, 413
6,601
67, 814
5
67,809
61, 391
6,408
55, 399
0
55, 399
49, 191
6,179
56, 400
2
56, 398
45, 698
10, 650
52, 111
0
52, 111
45, 548
6,515
116, 165
114, 541
1,374
114, 808
112, 643
1,916
115, 801
114, 163
1,389
114, 769
112, 605
1,914
114, 382
112, 758
1,377
115, 183
113,019
1,914
100, 247
93,630
1,373
101, 545
99, 384
1,912
99, 938
98, 278
1,369
101, 692
99, 482
1,910
97, 818
96, 163
1,366
99, 958
97, 754
1,904
9S, 457
96, 777
1,389
99, 975
97, 775
1,900
99, 271
97, 580
1,399
100, 045
97, 846
1,899
2.86
2.85
2.96
3.07
3.09
3.16
3.17
3.12
2.66
2.71
2.89
3.17
2.66
2.71
'2.88
3.16
2.78
2.82
3.00
3.23
2.87
2.93
3.11
3.35
2.89
2.93
3.15
3.40
2.94
2.99
3.21
3.49
2 94
2.99
3 23
3.53
2.88
2,92
3.17
3.50
2.69
2.85
3.03
2.69
2.86
3.01
2.81
2.96
3.11
2.89
3.07
3.24
2.90
3.10
3.28
2.96
3.18
3.33
2.97
3 19
3.36
2.92
3.13
3.31
1.58
1.62
2.39
1.63
1.61
2.40
1.82
1.87
2.47
1.94
2.05
2.56
2.07
2.09
2.63
2.21
2.22
2.65
2.06
2.18
2.63
2.00
2.04
2.57
T
o
r
Q
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
- Wheat
,
mil. o f b u _ _
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.),
100. 93
100. 82
100. 83
101.06
101. 33
total §
dollars
101. 45
101. 30
101. 27
101. 79
101. 52
Domestic
do
70.41
71.88
73.37
74.05
Foreign
do
72.56
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues) :
121.1
122.1
121.1
121.1
121.7
Composite (17 Abends)
dol. per $100 bond..
137.4
137.0
136.4
135.2
Domestic municipal (15 bonds)
do
134.8
101. 53
101. 69
101.90
101. 64
U. S. Treasury bonds, taxable
_do_ __ 102. 28
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
97, 580
76, 914
77, 833
68,654
82, 962
Market value
thous. of dol__
120, 019
94, 709
93, 748
84, 250
100, 627
Face value
_ _ do
New York Stock Exchange:
95, 099
74, 646
74, 681
65, 795
Market value
_ _ _ do_
80. 536
116, 476
90,132
91, 786
80, 272
97, 044
Face value
do
New York Stock Exchange, exclusive of stopped
111, 222
87, 260
83, 982
sales, face value, total§
thous. of dol__
80,583
76, 484
23
13
12
1,636
12
U. S. Government
do
111, 199
87, 247
82, 346
76, 472
Other than U. S. Government, total §
do
80, 571
101, 824
78, 641
74, 340
74, 865
68, 717
Domestic ._
do_
9,355
8,602
7,740
Foreign
do
7,981
5,688
Value, issues listed on N. Y. S. E.:
115, 952
118, 507
118, 417
118, 861
Market value, total, all issues§
mil. of dol_. 125, 257
114, 347
116, 870
116, 802
Domestic
__
do
123, 607
117, 158
1,354
1,385
1,362
1,451
Foreign
do
1,396
114, 889
117, 544
117, 441
123, 612
Face value, total, all issues §
do
117, 618
112, 716
115, 367
115, 334
121, 437
115, 409
Domestic
_ - __
do
1,923
1,959
1, 927
1,857
Foreign
do
1,924
Yields:
2.88
2.88
2.88
2.86
2.85
Domestic corporate (Moody's)
percent. _
By ratings:
2.67
2.67
2.61
2.64
2.67
Aaa
do
2.72
2.72
2.72
2.71
2.67
Aa
do
2.92
2.91
2.91
2.87
2.88
A
do
3.20
3.22
3.21
3.22
3.23
Baa
do
By groups:
2.70
2.70
2.70
2.68
2.66
Industrial
_-. ._
do._
2.87
2.86
2.85
2.80
2.84
Public utility
do
3.07
3.08
3.09
Railroad
_ ._ _
__
. do_.
3.07
3.08
Domestic municipal:
1.70
1.75
1.75
1.85
Bond Buyer (20 bonds)
do
1.83
1.79
1.82
1.77
1.90
1.88
Standard and Poor's Corp. (15 bonds)
do--_
2.39
2.38
2.38
2.36
U. S. Treasurv bonds, taxable
- _-do
2.33
r
Revised.
i Less than $500,000.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development
all listed bonds.
not shown separately; these bonds are included also in computing average price of
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
Septem-
ber
October
Novem-
Decem-
ber
ber
January
February
March
April
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
Price per share, end of month (200 stocks) _ _ do
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Yield (200 stocks)
percent
Industrial (125 stocks)
do
Public utility (24 stocks)
. do
Railroad (25 stocks)
do
Bank (15 stocks)
_
.. do._
Insurance (10 stocks)
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
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. pershare.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. of dol
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.
214.3
41.5
108.0
3.3
1 153.0
73.6
798 5
76.6
496 4
87.6
220 8
5.9
242 1
38.0
129 1
2.5
2, 138. 7
198.8
1, 459. 3
139.1
494.1
105.9
174.0
4.0
214.2
39.5
105.2
1.8
1, 066. 2
70.9
688.3
77.1
516.4
83.1
204.3
8.0
209.5
40.1
107.9
1.4
1,116.3
76.8
729.6
87.8
524.6
124.1
203.8
5.8
216.7
41.6
102.2
2.0
42.0
7.0
7.4
4.4
35.9
61.4
31.3
52.0
23.7
66.6
50.6
13.4
43.0
8.5
.6
43.4
15.1
8.3
5.1
39.8
75.3
91.4
87.4
47.6
72.2
49.5
12.8
64.9
10.8
.7
41.5
8.0
15.2
2.3
38.3
67.4
60.3
40.3
23.6
74.9
54.4
25.0
54.9
11.8
.7
44.7
3.5
8.5
2.7
24.3
69.1
55.0
47.8
25.9
74.8
51.8
11.1
39.3
13.9
.7
47.1
10.9
7.7
4.5
3.63
3.91
1.78
2.05
2.48
2.43
3.66
3.95
1.78
2.15
2.50
2.43
3.84
4.17
1.84
2.24
2.50
2.43
4.04
4.40
1.85
2.45
2.60
2.66
4.06
4.44
1.85
2.47
2.61
2.71
4.11
4.49
1.85
2.54
2.65
2.71
4.11
4.48
1.85
2.55
2.65
2.71
4.11
4.49
1.86
2.55
2.65
2.71
4.15
4.52
1.87
2.58
2.65
2.73
4.15
4.51
1.87
2.58
2.65
2.73
4.15
4.53
1.87
2.58
2.63
2.73
4.18
4.55
1.87
2.58
2.63
2.73
4.11
4.45
1.88
2.58
2.63
2.73
56.80
58.68
30.07
34.25
58.87
61.27
30.58
35.62
59.13
61.65
30.55
35.03
59.37
61.77
30.34
35.70
61.80
64.46
30.81
40.95
65.01
68.21
31.86
44.34
65.57
68.61
32.82
42.90
64.25
67.40
31.77
40.52
67.20
71.15
31.78
42.17
65.39
68.88
31.99
40.04
63.40
66.75
31.70
36.68
67.45
71.28
32.67
39.93
70.10
74.46
33.13
40.76
6.39
6.66
5.92
5.99
4.50
3.51
6.22
6.45
5.82
6.04
4.45
3.27
6.49
6.76
6.02
6.39
4.63
3.22
6.80
7.12
6.10
6.86
4.61
3.43
6.57
6.89
6.00
6.03
4.71
3.43
6.32
6.58
5.81
5.73
4.73
3.52
6.27
6.53
5.64
5.94
4.48
3.52
6.40
6.66
5.85
6.29
4.61
3.45
6.18
6.35
5.88
6.12
4.74
3.41
6.35
6.55
5.85
6.44
4.77
3.49
6.55
6.79
5.90
7.03
4.86
3.48
6.20
6.38
5.72
6.46
4.79
3.35
5.86
5.98
5.67
6.33
4.67
3.20
r
7.60
r
2 53
r
'7.70
2 60
3.47
9.08
2.62
11.84
9 44
2 54
9.80
5.52
3.85
3.85
3.88
3.88
3.89
3.87
3.87
4.00
4.11
4.15
4.17
4.20
4.13
77.56
216. 60
38.88
62.48
80.21
223. 21
39.44
65.93
82.91
229. 32
40.63
69.09
82.56
229. 38
40.41
68.32
84.24
229. 26
39.59
74.04
90.86
244. 45
42.06
82.05
94.98
253. 32
42.87
88.09
92.39
249. 50
43.03
82.66
92.86
253. 36
42.36
82.59
92.57
254. 36
42.28
81.37
90.46
249. 32
42.55
78.06
91.29
253. 60
43.75
77 04
95.19
264 92
45. 06
80 53
147.2
158.0
149.4
149.1
104.2
120.6
104.6
159.2
151.7
163.3
153.2
155.4
104.9
125.1
105.8
168.7
157.8
170.7
159.3
164.9
106.2
129.2
105.4
175.1
156.1
168.8
159.9
160.2
105.0
126.5
104.6
180.2
158.4
171.2
164.3
157.8
104.4
139.4
105.2
184.2
168.6
182.6
175.2
165.9
108.6
152.8
106.3
185.7
174.7
189.6
181.5
171.0
111.0
159.1
109.8
180.5
170. 3
184.4
175.0
169.0
111.2
148.7
110.2
180.7
172.3
187.3
179.4
168.8
110.2
148.7
106.1
181.9
173.9
189.3
181.9
167.9
110.5
147.5
105.6
183.4
171.7
186.9
179.2
163.1
110.2
141.6
105.4
182.7
172.8
188.1
179.9
163 7
111.5
139.4
104 2
184 9
181.5
198 3
190.7
168 0
114.4
147 1
105 8
193 0
1,700
65, 977
1,608
63, 712
2,090
84, 451
1,864
66, 685
2,261
93, 209
2,969
122, 363
2,086
82, 631
1,683
67, 480
1,547
67, 024
2,027
74, 211
1,337
52, 456
1 354
53, 154
1 626
59 483
1, 456
50, 038
1,380
48, 009
1,796
64, 422
1,618
51, 231
1,981
72, 737
2,572
91, 995
1,791
61, 534
1,442
53, 327
1,320
50, 583
1,746
56, 928
1,143
40, 667
1,171
42, 438
1,393
44, 583
38, 473
38, 594
48, 390
43, 085
59, 820
70, 181
41, 234
35, 625
34, 290
38, 457
27, 402
27, 989
33, 642
85, 053
2,257
88, 673
2,272
88, 525
2,325
89, 506
2,333
93, 807
2,353
99, 340
2,384
100, 246
2,391
98, 112
2,421
102, 747
2,437
100, 120
2,452
97, 920
2,528
104, 610
2,557
108, 307
2,568
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
3 494
2,498
477
519
4,148
3,106
518
524
4,375
3,414
396
565
5 262
4,103
470
689
do
do
do
do
3,374
2,533
90
751
3,515
2,815
146
554
3,915
3,217
86
612
3 915
3,122
101
692
Balance on goods and services
do
+120
+633
+460
+1 347
Unilateral transfers (net) total
Private
Government
do
do
do
—972
-107
—865
-1,237
-127
—1, 110
—1,147
112
— 1, 035
—1 333
—104
—1 229
U. S. long- and short-term capital (net), totel- do
Private
do
Government
do
-872
—835
-37
-264
-258
-6
-353
-294
-59
-382
—327
-55
Foreign long- and short-term capital (net)
+809
+187
+1
+66
Exports of goods and services total
Merchandise, adjusted
Income on investments abroad
Other services
mil of dol
do
do
do
Imports of goods and services total
Merchandise, adjusted
Income on foreign investments in U S
Other services
do
Increase (— ) or decrease (+) in U. S. gold stock
mil of dol
+740
Errors and omissions.
+175
r
_ _do _
i
+771
+893
+55
-90
+146
+247
Revised.
v Preliminary.
§Number of stocks represents number currently used; the change in the number does not affect the continuity of the series.
SURVEY OF CURRENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-21
1951
1950
August
Septem-
ber
October
Novem-
ber
Decem-
ber
Febru-
January
March
ary
May
April
June
July
August
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:
Quantity
Value
_
Unit value
_
_
Imports for consumption:
Quantity
_
Value
Unit value
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
Adjusted _
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
172
308
179
200
368
184
195
'367
188
209
'397
189
221
431
195
199
393
197
215
435
202
'253
'519
205
265
'555
210
'260
'549
212
249
525
211
231
482
209
162
399
247
157
404
257
170
446
263
152
411
271
152
418
276
'172
496
289
151
'443
293
167
504
302
'152
'467
'309
148
'471
'311
140
446
319
137
432
316
78
109
88
73
80
58
86
67
97
80
83
82
102
125
104
120
130
165
105
132
92
117
74
101
do_
do
101
109
120
98
116
90
117
101
129
117
119
123
141
179
155
181
190
231
155
174
150
177
126
157
do
do
134
146
122
128
126
127
109
114
103
103
140
133
118
116
132
116
112
104
104
107
99
109
103
114
5,457
7,941
5,817
7,468
5,885
8,285
5,306
7,601
4,414
7,421
4,225
7,771
5,130
7,283
6,232
7,537
8,758
7,560
9,714
' 7, 849
8,192
911
'906
'978
' 1, 065
'972
1,076
1,284
' 1, 370
' 1, 353
1,293
r 26, 375
133, 783
247, 575
179, 853
141, 857
r
124, 184
32, 390
120, 224
241, 324
200, 658
122, 641
113, 829
1,680
9,803
2,442
9,695
2,359
8,345
6,646
1,369
'8,948
11, 922
31, 103
4,001
' 16, 496
8,880
2,135
1,004
11, 491
45, 225
6,468
17, 004
' 14, 332
25, 852
* 18, 876
25
41, 581
24, 890
' 42, 699
23,224
3
59, 538
1936-38 = 100
do
do _
do
do
do _.
1924-29=100
do
Shipping Weight
Water-borne trade:
Exports, incl. reexports^
General imports
thous. of long tons_.
- do
Value
Exports, including reexports, total!
mil. of dol__
By geographic regions:
Africa
thous. of dol__
Asia and Oceania
do_
Europe
_
do
Northern North America
do
Southern North America
. _
do
South America
do
Total exports by leading countries:
Africa:
Egypt
do
Union of South Africa
do_
Asia and Oceania:
Australia, including New Guinea
do_
British 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 Labrador
do....
Latin- American Republics, total
do
Argentina
_
-do
Brazil
do
Chile
.do
Colombia.
_
do
Cuba
do
Mexico
do
Venezuela
_
_
__
do
r
762
23, 446
'r 123, 031
185, 910
' 159, 158
115, 213
108, 999
' 159, 154
179, 835
214, 298 r 254, 498
11, 600
' 10, 547
33, 693
39, 494
4,785
4,235
17, 004
18, 621
41, 116
53, 143
40, 880
47, 992
30, 507
34, 923
Exports of U. S. merchandise, total!
mil. of dol__
750
By economic classes:
Crude materials
thous. of dol__ 141, 600
r
Crude foodstuffs
_ do
56, 616
Manufactured foodstuffs and beverages do
' 41, 497
Semimanufactures 9 _
_ _ _ __
do
' 84, 664
Finished manufactures 9
do
' 426, 116 '
By principal commodities:
Agricultural products, total _ _ _ _
do
' 198, 696
Cotton, unmanufactured
do
65, 970
Fruits, vegetables, and preparations __ do
r 12, 896
Grains and preparations _
do
' 61, 631
Packing-house products
do
13, 120
Nonagricultural products, total
do
Aircraft, parts, and accessories!
_ _do
Automobiles, parts, and accessories!
do
Chemicals and related products
__do _
Copper and manufactures
do
Iron and steel-mill products
do
898
3,570
' 9, 946
' 42, 345
' 152, 489
' 286, 691
' 185, 902
' 135, 580
' 150, 367
4,531
' 12, 511
' 34, 530
' 155, 000
' 244, 352
' 195, 716
' 130, 237
134, 230
5,357
12, 436
'
'
'
'
'
35, 365
162, 045
299, 502
194, 702
120, 401
143, 189
' 50, 168
' 211, 380
' 318, 541
' 231, 960
' 162, 972
' 174, 408
' 48, 210
' 233, 244
' 386, 463
' 263, 272
' 149, 085
' 172, 113
4,941
10, 866
4,430
19, 192
4,794
24, 574
30, 005
33, 471
22, 009
16
58, 109
35, 037
40, 149
21, 785
74
49, 790
' 200, 643 ' 196, 480
' 225, 905 ' 264, 535
14, 624
11, 440
' 30, 078 ' 44, 385
' 6, 084
4,527
15, 520
18, 706
45, 018
' 42, 749
'r 45, 513 ' 57, 376
35, 532
'36,927
'894
'966
' 173, 469
72, 109
' 53, 526
' 106, 497
' 560, 882
' 233, 650 ' 266, 284
60, 389
79, 581
17, 484
' 14, 114
72, 004
78, 102
14, 013
' 12, 837
' 551, 797 ' 645, 059 r 660, 330 ' 700, 199
1,781
3,821
2,672
2,438
62, 996
62, 705
' 71, 071
59, 169
r
57, 440
65, 713
' 61, 418 ' 67, 141
5,293
5,339
5,884
5,520
34, 826
38, 021 ' 36, 356 ' 39, 616
Machinery, total §
do
' 161, 422 ' 197, 641 ' 205, 268
Agricultural
_ _ _ _ do _
10, 859
8,801
5,984
Tractors, parts, and accessories!
do
18, 227
16, 341
15, 272
Electrical!
do
' 27, 321 ' 34, 657 ' 33, 315
Metal working _ _ .
_
___ -..do_i_12, 857
19, 530
19, 800
Other industrial .__
do
' 59, 815 ' 76, 253 ' 75, 976
Petroleum and products
do
38, 144
45, 665
47, 304
Textiles and manufactures
do. __
38, 982
45, 133
51, 414
' 222, 890
' 7, 819
19, 545
' 40, 028
' 16, 312
' 81, 246
' 48, 469
' 52, 052
' 36, 020
' 38, 463
' 38, 325
51
' 47, 418
29, 209
32, 381
28, 425
7
' 41, 899
' 185, 891 ' 195, 714
' 274, 101 ' 253, 972
12, 774
11, 970
' 44, 636 36, 902
10, 430
8,963
22, 075
16, 972
45, 465
' 46, 362
' 57, 481 ' 52, 945
' 37, 959 37, 880
7,313
21, 821
6,804
23, 899
12, 826
4,447
0
30, 370
45, 554
14, 673
34,323
16, 711
5,489
0
33, 751
36, 010
14, 692
31, 265
36, 553
40,823
72, 193
3
' 55, 369
39, 087
41, 811
38, 214
13
68, 082
37, 389
32, 376
20, 520
7
72,012
' 263, 257 ' 255, 664
' 307, 913 299, 956
20, 231
19, 010
' 45, 890 54, 528
16, 218
13, 277
' 22, 250 20, 674
' 48, 834 40, 760
' 61, 866 60, 585
38, 414
45, 523
236, 887
311, 836
24, 370
58, 470
16, 648
23, 745
42, 502
60, 038
39, 534
202, 548
305, 968
23, 960
60, 906
17, 408
20, 089
41, 792
58, 135
35, 247
41, 331
44, 491
62, 470
4
69, 621
' 26, 206 27, 290
' 48, 176 ' 40, 808
41, 141
44, 320
15
2
' 55, 578 ' 63, 498
' 194, 700 ' 231, 954
' 253, 138 ' 322, 238
16, 320
16, 333
' 44, 840 ' 49, 956
16, 538
9,807
' 14, 110
19, 063
' 44, 815 59, 630
' 44, 080 ' 60, 226
' 34, 291 46, 260
1, 190
8,078
' 29, 088
' 1, 353
' 1, 339
1,279
'1,179
228, 638 '
' 162, 963 '
' 83, 208
' 134, 536 '
' 743, 455 '
204, 827
137, 980
71, 769
142, 696
781, 342
149, 362
134, 818
83, 979
153, 963
756, 527
128, 030
104, 792
71, 242
152, 954
717, 986
419, 386 ' 354, 925 310, 135
94, 198
50, 660
117, 761
16, 418
14, 523
15, 920
176, 699 ' 138, 285 130, 592
' 26, 797 23, 552
29, 339
248, 114
32, 663
13, 799
110, 694
24, 130
' 749, 583 ' 705, 283 ' 752, 517 ' 933, 396 ' 933, 414 ' 983, 689 968, 514
3,648
1,007
1,357
' 1, 351
1,981
1,850
1,320
103, 150
' 71, 233 ' 78, 423 ' 87, 230 104, 869 ' 108, 762 108, 275
93, 034
85, 856
' 66, 528 58, 105
' 62, 981 ' 78, 643 82, 562
7,249
' 7, 366
10, 361
9,500
8,221
7,653
4,491
50, 173
' 39, 929 ' 46, 289 ' 42, 030
' 48, 084
47, 646
55, 384
926, 890
2.565
100, 004
89, 273
7,222
48, 563
' 309, 472 ' 324, 206 280, 254
13, 017
13, 320
13, 621
28, 508
25, 160
31, 765
50, 931
' 48, 806 49, 239
16, 928
17, 895
15, 687
' 101, 356 ' 98, 503 97, 296
60, 974
' 59, 123
65, 059
75, 649
' 79, 071
77, 546
305, 938
14,015
28, 742
47, 796
17, 267
96, 768
77, 435
61, 305
' 1, 052
' 186, 824
' 80, 147
' 56, 971
' 117, 273
' 610, 570
957
' 145, 804
' 79, 206
' 56, 976
' 104, 758
' 570, 560
' 1, 265
' 1, 060
' 174, 167
' 114, 324
' 59, 253
' 109, 498
' 603, 251
r
173, 226
' 124, 001
' 76, 416
' 131, 298
' 759, 565
' 302, 201 ' 252, 021 ' 307, 977 ' 331, 111 '
' 97, 912 70, 348 ' 99, 034 ' 83, 756
' 15, 244 12, 484
' 13, 398 ' 17, 917
' 86, 708 89, 383 ' 122, 170 ' 130, 718 '
17, 739
18, 452
' 19, 403 ' 25, 180
' 246, 759
8,460
21, 996
' 40, 923
' 17, 236
' 88, 435
' 53, 961
' 54, 208
' 228, 044
8,289
24, 064
' 39, 969
' 15, 494
' 83, 432
40, 332
' 58, 752
' 248, 739 ' 318, 822
' 10, 436 12, 584
' 21, 503 31, 173
' 36, 139 ' 46, 595
13, 577
16, 237
' 79, 462 ' 102, 472
' 39, 326 ' 56, 127
' 59, 470 ' 85, 540
1,264
' 58, 934 48, 704
56, 157
' 184, 554 192, 739
189, 542
' 367, 777 ' 338, 567 283, 456
' 255, 708 236, 890
202, 603
139, 551
138, 158
135, 131
186, 275
182, 858
173, 921
8,099
'7,523
10, 014
10, 832
15, 167
11, 147
13, 168
7,430
2,441
' 4, 274
2,053
' 1, 533
4,304
4,217
5,463
4,893
'79
'0
'907
' 1, 547
'0
0
'0
'0
15, 547
' 20, 468
24,042
' 39, 556 35, 014
' 28, 321 ' 19, 775 34, 535
' 36, 567 ' 35, 233 ' 42, 073 ' 37, 765 ' 57, 582 ' 67, 907 ' 72, 514 ' 51, 132
5,887
9,465
15, 340
15, 799
7,223
' 8, 880 ' 10, 504 ' 18, 368
24, 026
16, 508
24, 303 ' 19, 586 17, 980
19, 988
24, 107
27, 241
175, 624 ' 164, 332
60, 246
65, 980
56, 099
' 53, 174
102, 968
' 97, 791
502, 937 ' 512, 704
252, 815
75, 730
18, 351
72, 426
12, 907
' 28, 744
' 143, 850
'248,411
' 196, 498
' 134, 558
' 140, 959
r
1,254
r
Revised. 1 Total exports and various comporlent items nclude MlDAP shipinents as fo lows (mil.ofdol.): A ugust 1950--August 19 51, respecti vely— 21.4- 31.2; 52.4; 53.9; 76.3; 51.8; 94.8;
96.7; 83.5; 129.2; 112.8; 89.0; 115.3. Beginning July 19,)0, certain items classed as "spe cial catego ry" export 3, although included in total ex ports, are <excluded fr om water-1)orne trade and from
area and country data.
9 Data for semimanufactures reported as "sped al category , type 1" are includec [ with finished manu Factures.
^Excludes "special category" exports not showii separatel^y for securi ty reasons
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
August
893, 332
899, 400
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value—Continued
General imports, total
thous. of dol__ ' 820, 346 r 861, 733 r 922, 862 ' 854, 150 ' 866, 715-1,023,726 r 909, 340 1,098,675 1,032,700 '•1,017,720
929, 869
By geographic regions:
39, 295 r r 63, 371 r r 39, 607 r r 35, 394 r ' 55, 921 T 56, 944 r 44, 822 r r 67, 097
Africa
do
55 828
69 466 r 76 362
r
' 159, 619 167, 620 217, 207
Asia and Oceania
do_
216, 103
200, 777 248, 984 «• 187, 844
267, 180
242 571
236 756
262, 188
Europe
._
do_ __ rr 120, 714 rr 136,316 rr 162, 969 rr 166, 075 ' 156, 631 180, 503 rr 173, 807 r 192, 635 rr 181, 772 r•• 189, 447 ' 178, 116
r
Northern North America
do
184 671
160 593 r179 634 r201 039 r187 318 «• 186 495
154 160
192 467
191 741
202 220
190 763
r
Southern North America
do_
95 493
120, 219
99, 089
93, 708
' 91, 256 116, 191 r 128, 385 r 129 184 r 117 823
99 760
87, 032
r
South America
__. _ __ _ do
219, 906 r 215, 702 r 208, 332 r 162, 228 ' 175, 636 236, 433 r 220, 323 r 251, 816 r 201, 779 r 207, 360 171, 209
By leading countries:
Africa:
5,965 ' 19, 715 r
355
3,268
4,572
Egypt
_
__ __
do_ _
235
486
291
12, 936
5,231
19, 652
Union of South Africa
do
15, 543
16,645 r 11, 426 «• 17, 789
14, 363
12, 225
15 036
12, 805
14,830 r 15, 638 r 15 925
Asia and Oceania:
49, 771
Australia, including New Guinea
__do
»• 9, 883
9,593 r 5,546
17, 099
19, 770
42, 114
62, 048
' 12, 255 r 9,458
58, 336
r
r
r
24, 749
34, 186
24, 378
36,315
British Malaya
do
31, 282
30, 119
39, 530 ' 39, 189 r 54, 828
38, 989
35, 187
2,886
2,062
China
_
_ __ _
do_ __ ' 11, 761 T 14, 627 r 19, 639 r' 13, 829 ' 16, 307 r 12, 688 r r 5, 700 r ' 4, 946
2, 722
India and Pakistan
do
20
254
36
775
32
117
36, 320
29
883
33
022
27
672
37
547
21,
333
27
306
38
003
r
r
r
r
Japan
do
' 17, 614 r 17, 640
26, 810
18, 585
19, 851
'
16,
738
16,
563
16, 750
21, 643
20,
101
17,360
18, 322
Indonesia
-_ do_ __ 'r 14, 976 'r 13, 875 r 21,801 r 20,321 ••23,264 rr 33, 603 rr 19, 455 r 25, 550
' 19, 751 19, 526
* 30, 382
25, 512
21, 547
19, 348
21, 606
29, 447 r 31 165
Republic of the Philippines
do
21, 248
26, 483
31, 287
20 734
Europe:
r
r
r
r
19, 390 r 21, 423
24, 788 f 24 408
31, 784
21, 503
France
do
* 12, 613 rr 13 894
15, 523
' 26 308 28,006
Germany
_
do
24,264
21, 224
' S, 679 11,231 ' 15, 165 ' 16, 178 r 14, 756 ' 18, 090 »• 14,312
' 18, 961 18, 212
12, 476
Italy
do
13,904
13,411
10,901
' 11, 945 •• 13, 003
12,
572
9,412
' 10, 392 16, 579
13,
590
r
1,899
1,439
2,
259
1,338
1,593
2,790
Union of Soviet Socialist Republics
do
2,182
••
6,
438
2,153
2,207
2,130
r
r
r
r
38,669
United Kingdom
_
do
37, 238 r 38, 596
36, 358 ' 31, 456 r 39, 068 r 42, 585 «• 32, 609
36, 643
43, 101 r 45, 769
North and South America:
Canada, incl. Newfoundland and Labrador
r
thous of dol
184, 541 r 153 916 r 190 738 T 191 576 ' 202, 212 192, 316
!60 556 rr 179, 459 rT 200, 838 Tr 187, 308 ' 186, 485 '
r
250,704
322, 158
299, 385
Latin-American Republics, total
do
283, 621
231, 378 •- 246, 208 r r330, 934 ••330,012 r 363, 105 r 303, 226 r 291, 470
16,805
18, 624
17,211 r 18, 138 'r 17, 388
13, 977
34, 749
Argentina
__
__
do
27, 333
25, 881
' 32, 845 29,975
r
r
••84
856
64,596
Brazil
do
r
63,
174
«•
68,
567
85,
170
68,
762
«•
85,
428
83 679
82, 424
64,452
100, 704
r
22,004
15, 558
14, 294 ' 15, 637 13, 534
19, 521 ' 15, 336 f 16,007
27,584
Chile _
_
do_
15, 070
15,400
r
26,894
20,605
35,041
27, 162
40, 474
22, 675
27, 081
Colombia
_do
42,650
27, 616
19,237
38, 740
T
33, 026
34, 073
18, 506
Cuba
do
42 976
38,238 r 24, 916
30, 822
••40 819 rr 43, 636
41, 332
54,253
r
T
r
26,464
23,974
Mexico
_
do_
26, 911
29,646
28, 724
27, 191 «• 31, 322 ' 35, 142 'r 31, 546
33, 050 •• 28, 996
24,905
29, 051
30, 792
27,332
' 30, 251 ' 28, 076
25, 078
26, 167
' 26, 551 T 25, 866
Venezuela
_do
28, 972
Imports for consumption, total __
do__
By economic classes:
Crude materials
do__
Crude foodstuffs
do
Manufactured foodstuffs and beverages do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products, total
do
Coffee
do
Hides and skins _ _
_do
Rubber crude including guayule
do
Silk, unmanufactured _
do__
Sugar
do
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
' 818, 629 •• 828, 430
r
r
226, 453
••223,683
181 499
180 277
r
103, 894 r 88, 200
*r 184, 097 r' 197, 800
125 456
135 699
' 914, 959 •• 843, 315
r 857, 640 '•1,018,292
••908,878 rl ,033, 020 •• 965, 170
'r 255, 831 r 255, 472 «• 270, 347 r' 330, 046 283, 936 rr 309, 843
142 245 ' 148, 227 207, 245 201 381
172, 855
234 021
r
87, 431 ' 73, 881 ••63,689 r 77, 052 r 87, 001
93, 103
' 239, 762 «• 215, 610 ' 228, 594 'r 240, 595 ••200,583
' 225, 909
r
r
163 353
135, 977
159, 080 * 156, 107 *• 146, 783
170, 145
r
r
••945,864
410 123 r394 294 ' 406, 393 ' 364, 943 »• 356, 388 ••507
497 ••477 775 '538 894 ••478 578 ' 452, 379
88, 085 r 84, 139 r 142, 681 ' 139. 406 r 153, 083
100, 701
96,645
130, 836 ' 129, 046 'r 112, 905
13, 022
12, 966 "Ml, 456
••8,483 ' 1 1, 459 r «• 8, 516 r 10,728 r 10, 918
' 12, 483 MO, 673
51,853
' 58, 481 ' 68, 441
71, 309
101, 076
64, 050
'39 716
41, 109
74, 369
73, 165
1,216
1,249
3.159
2,020
2,102
2,571
1,838
2,081
1,626
2,521
r
r
r
14,564
29 381 ••41 921
33, 985
35,033
18,
089
40,
626
39
717
53, 421 r 40, 156
r
••66,291
84,660
46,864
36,
818
••
39,
188
'
38,
216
53,692
••84.842
104,
779
33,
452
r
408 506 '434
136 r 508, 566 •• 478, 372 ' 501 252'T 510 794••431 103 ••494, 127 ••486 592 ' 493, 485
8,534
9,313
11,032
14, 130
6,281 r 13, 706
14, 279
10, 258
11, 769
16,565
r
' 76 035 «• 68, 073
»• 14 600
16 649
'23
560
17 413
r
21, 603 r 23, 366
34, 066
••r 38, 996
»• 51 276
49 889
r
r
88, 810
29 715
' 19, 628
26, 335
42,000
r
55, 666
79, 391
19 917
15, 182
28, 024
37, 167
50,736
r
104, 738
28 118
19, 1 58
27, 808
41.
058
r
53, 956
r
93, 093 ' 61, 172
23 466
22 662
27, 066
15, 443
' 32, 393 r 31, 035
39, 742
'r 32, 947
59, 661
50 531
r
76, 057
17 952
23,219
30,990
44, 222
49,796
914, 314
•• 338, 516 •• 295, 280 ' 299, 358
147, 244
'r159 507' 171, 286
89, 619 ' 91, 511 92,380
' 214, 126 ' 213, 305 216, 863
158,470
f 163, 402 f 174, 482
39 767
227 321
175, 189
189 536
100 358
161, 161
268
8 533
22, 866
52 305
2,242
32 380
15,024
25, 335
23, 363
21,243
24, 549
9,763
1,670
44, 249
189 236
248, 076
11, 970
54,670
10, 828
37, 203
38, 741
26, 096
26. 733
885,884
912.000
292, 139
136, 621
92,468
199, 003
165, 653
427, 203
90,223
13, 370
69, 369
1,287
32, 399
70,602
487,112
8,913
404, 750
86, 897
15,038
87, 430
1,035
38, 655
48,099
481, 134
7,503
69 182
21 909
13 297
•• 29, 240
39, 287
T
51 087
57, 303
23 230
8,002
38, 591
43, 525
52, 415
71, 726
24, 458
12,930
44.995
42, 025
52, 714
67, 477
23 493
13, 090
41, 727
42,994
48, 447
TRANSPORTATION AND COMMUNICATIONS
TR AN SPORTATION
Airlines
Operations on scheduled airlines:
28, 778
Miles flown revenue
thousands
21, 776
Express and freight carried
short tons
Express and freight ton-milesflown,.thousands. . 13, 707
3,775
M^ail ton-miles
flown
do
1,562
Passengers carried revenue
do
749,
845
Passenger-miles flown, revenue
do
Express Operations
17, 647
Operating revenues
thous of dol
178
Operating income
do
Local Transit Lines
10. 0341
Fares average cash rate
cents
1,090
Passengers carried, revenue
_
-millions
121, 600
Operating revenues
thous of dol
Class I Steam Railways
Freight car-loadings (A. A. R.):cf
' 3, 375
Total cars
-thousands- _
617
Coal _
do
59
Coke
do
202
Forest products
do
215
Grain and grain products
—do
31
Livestock
- do
324
Ore
-_ —
__do
352
Merchandise, 1. c. 1
do
1.574
Miscellaneous
do
27, 564
22,540
13, C72
3,762
1,490
719, 494
28, 552
25, 489
15, 171
4,245
1,563
735, 180
26, 067
22, 780
13,918
4,112
1,326
620, 156
27, 926
25,014
14, 892
6,232
1,365
684, 444
28, 445
19, 758
12, 258
4,463
1,421
722, 163
25, 316
21, 182
13, 087
4,704
1,324
663, 767
29,780
21, 662
13. 620
5,124
1,660
835, 920
29, 085
18, 111
11, 287
4,541
1,708
834, 685
30, 813
19, 085
11,903
5,035
1,804
859, 130
29,318
17, 173
10,327
4,805
1,866
922, 856
32,229
15, 543
9,739
4,612
1,861
914, 367
17, 697
176
17, 318
189
18.312
194
21, 890
195
18,294
61
18,007
39
19, 377
80
18, 769
24
18, 895
6
17, 852
17, 172
dig
d%
10. 0608
1,101
114, 300
10. 0827
1,173
125, 800
10. 1630
1.128
123; 100
10. 1995
1,185
137, 200
10. 2360
1,157
125,300
10. 2676
1,045
117, 100
10. 4185
1,173
10. 4818
1,105
10. 5231
1,117
10. 5231
1,048
10. 5645
989
10. 6010
1,016
4,220
787
75
239
246
62
409
438
1,963
3,531
657
64
191
225
66
301
354
1,673
3,240
599
63
182
223
50
223
332
1,569
3,629
742
75
218
256
49
96
380
1,814
3,009
632
64
187
214
38
68
308
1,498
2,700
546
61
164
182
24
65
284
1,373
3,785
689
81
229
247
35
101
425
1,979
3,152
546
61
193
198
34
216
324
1,580
3,233
537
65
197
178
33
330
309
1,582
4,039
710
83
241
216
34
452
366
1,937
2,992
444
63
168
212
27
356
268
1,454
3,291
589
66
194
217
34
361
296
1,533
'Revised.
«* Deficit.
cPData for September and December 1950 and March and June 1951 are for 5 weeks; other months, 4 weeks.
October 1951
SUKVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
September
S-23
1951
1950
August
October
November
December
January
February
March
April
May
June
July
August
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class I Steam Railways — Continued
Freight carloadings (Federal Reserve indexes):
Total, unadjusted
1935-39=100.
Coal
do
Coke
-__- -do __
Forest products
do
Grain and grain products _
__
do
Livestock.
do
Ore
_
do
Merchandise, 1. c. 1
_do __
Miscellaneous
do
Total, adjusted _
_
.. do
Coal
__ .
_do
Coke
do
Forest products
do
Grain and grain products
do
Livestock
__ __ _
__do
Ore
do
Merchandise, 1. c. 1
__
-_ _do
Miscellaneous
do
Freight-car surplus and shortage, daily average:
Car surplus, total
-number-Box cars
- __ _ do
Gondolas and open hoppers
do
Car shortage, total
do
Boxcars
_
do
Gondolas and open hoppers
do
Financial operations (unadjusted) :
Operating revenues, total
thous. of dol._
Freight
do
Passenger
do.
Operating expenses
_.
_ __do
Tax accruals, joint facility and equipment rents
thous. of dol—
Net railway operating income
do
Net 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--
r
r
140
126
186
163
150
57
285
56
149
135
126
194
155
139
60
190
56
147
145
135
198
160
143
95
298
57
154
134
135
201
148
128
72
198
55
142
147
135
201
154
159
116
262
56
158
136
135
206
146
159
75
184
54
145
139
126
198
154
162
90
188
54
152
136
126
198
157
166
72
184
53
146
130
129
204
145
148
70
62
50
142
140
129
194
162
158
72
199
52
151
133
133
209
153
153
66
61
50
145
146
133
199
170
153
69
243
52
158
119
114
197
137
131
44
60
46
133
129
114
186
143
134
55
241
48
141
130
112
204
147
138
49
70
54
149
139
112
202
147
150
62
241
53
157
133
112
193
156
139
61
193
51
149
136
112
197
156
158
68
212
51
151
135
111
208
160
124
57
296
48
149
133
111
210
154
141
64
212
48
148
137
120
212
158
125
49
321
47
148
131
120
217
152
123
61
207
47
144
130
97
209
143
156
50
325
44
143
125
97
215
143
130
61
203
45
142
137
122
206
155
151
64
313
47
145
133
122
215
148
140
67
209
47
144
4,346
16
3,583
8
2,405
4,926
2,680
2,387
8,601
24
2,812
14 603
8,300
30
6, 258
956
975
14 798
5,677
39
21, 677
15 463
133
9 721
3 815
3 929
28, 062
13 109
11, 928
8 613
2,716
4 873
4, 422
1 4i2
0
18 154
7 531
9 359
38, 064
21, 846
14, 101
34, 381
19, 444
13, 243
9
113
35, 135
19, 620
14, 349
889, 796
748, 110
78, 220
626, 265
872, 032
725, 014
71, 623
600, 697
925, 383
784, 544
66 271
635, 021
862, 201
710, 808
65, 885
618, 611
927,
673,
79
645
930
554
271
422
645,246
141, 188
122, 343
95, 829
148, 712
122, 622
98, 965
155, 733
134, 629
107, 863
133, 590
110, 001
86, 146
169, 190
113, 319
120, 060
125, 792
77, 691
54 926
832.5
699.2
69.8
744.3
88.2
54.8
857.6
711.1
71.9
749.1
108.5
72.8
884.6
747.2
863.0
941 0
863.5
720.0
59, 403
1.325
3,125
57,940
1.320
2,818
62, 017
1.332
2,573
2,500
8,559
5,308
3,251
8,402
5,135
3,267
8,220
5,165
3 055
2,452
1,477
2,356
1,307
2,478
1 157
5.98
84
88,706
44, 776
2,468
67 7
432
386
24, 696
13, 838
10, 245
710. 8
68.9
8,998
4 989
708.3
705
1,138
19 267
12, 006
6 528
87
572
29 977
19, 449
8 518
7
724
32 365
24, 275
5 323
848, 729
709, 736
78 158
715, 759
600, 157
63 836
610, 060
1,203
434
9 858
9,484
4,760
875, 475
741, 001
70 569
679, 662
851, 445
722, 012
66 762
668, 850
888, 716
752 588
70 657
693 820
855,
710
80
677
753
732
641
685
816,812
86, 740
18, 959
S 518
117, 550
78,263
112, 000
70, 595
44 685
119, 977
74, 937
49 225
114, 138
91, 053
41, 935
16 366
783 4
854.2
872.7
738.6
855 1
719.1
71.5
871 3
69 1
73 1
40.7
61.6
30.2
d
653.6
51 187
3,065
5 641
63,930
50 192
728.5
7
5
9
9
716.8
71 4
783.1
71 1
38.9
48, 367
1.308
2,415
59, 069
1.325
2 718
56,908
1.337
2 583
58 764
1.342
2 638
56, 643
1.323
6,860
8,250
4,660
3,590
9,299
10, 161
5,216
4 083
4,181
10,060
5,725
4,334
674 008
80 60°
683 824
909,
758
83
700
945
759
830
651
128, 412
80, 881
818 4
682 7
73 9
774 8
43 g
p
11 8
91 6
59 5
81 6
765 8
97 7
65.7
54, 608
1.310
56, 510
1.319
7,364
4,320
3,044
7,244
4,207
3,037
6,516
4,019
2,236
1 074
2 216
1 Oil
1 104
1 032
2,713
1 237
2 668
1 360
2 695
1 286
2 632
1 170
2 599
1 280
2 774
1 179
6.17
86
228
6.27
79
225
5.78
66
208
5.95
79
228
5.97
81
224
5.83
78
214
6.36
82
244
5.79
81
251
6.32
81
252
6 03
75
219
S 68
79
243
59,768
36,058
46, 242
44, 810
52,209
60, 854
57, 982
51,413
48, 561
59, 093
57, 074
63, 969
57, 9H1
58, 967
82, 696
1,599
* 16, 288
12,115
2 283
v 20, 263
10 614
242
^ 18, 519
16, 632
256
f 12, 395
17, 067
259
f 15, 281
» 14, 542
30, 227
541
v 17, 914
35, 678
920
v 23, 193
39, 653
2,107
27, 411
3, 547
24 670
3 474
9,299
776.2
108 4
74.3
759.8
103.2
70.5
54,817
1.363
77 8
849.4
3,058
3,003
70
742
40
10
799.7
793.5
77 9
795 4
75 9
r
44. 0
3,093
53 284
1. 333
3 190
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:
6.13
Average sale per occupied room
_ -dollars- _
81
Rooms occupied
percent of total
231
Restaurant sales index—- same month 1929=100.Foreign travel:
96, 425
U S citizens arrivals
number
61, 804
U. S. citizens, departurescT
do
2,921
Emigrants
do
v 18, 575
Immigrants
__do
Passports issued
__
_
do
18, 037
3,300
National parks visitors
thousands
Pullman Co.:
930
Revenue passenger-miles
-.millions
8,444
Passenger revenues
- thous. of dol
232
31,689
39,453
2,497
2,338
4,216
2 644
2,433
64,845
5,980
13, 827
1,474
2 075
v 14, 090
12 734
833
936
8,513
8,658
7,905
871
947
8 608
1,222
11, 151
8,666
9,264
8,500
8,075
766
850
10, 363
300, 617
172 540
108, 189
211, 798
35, 337
37, 620
292, 847
173 265
99, 290
205 109
39, 584
37, 790
303 234
178 120
104, 346
212 572
41, 369
37, 987
298, 071
178 184
98, 941
208. 249
40^ 861
38, 166
311 414
181 781
107, 994
222 491
40, 921
38 437
314, 713
184 531
108, 897
219 140
41, 025
38, 619
301, 961
181 037
99, 495
209, 150
39, 475
38, 803
319, 021
185 045
111, 979
222, 296
41, 444
39, 029
312, 404
184 934
105, 507
216, 413
41, 242
39, 213
318, 790
185 965
110, 775
226, 647
40, 391
39, 406
318, 428
186 604
109, 396
222, 998
40, 418
39, 555
16, 022
13, 716
1,525
15, 041
13, 364
940
15, 531
13, 358
1,461
15, 251
13, 439
1,135
16, 643
14, 506
1,485
15, 610
13, 855
880
14, 545
12, 924
764
16, 391
13, 996
1,521
15, 014
13, 282
16, 235
14, 199
1,157
16, 072
14, 033
1,173
15, 422
15,d 127
2,295
1,581
2,254
2,265
2,232
1,470
590
2,180
1,642
337
2,326
1,683
427
2,215
1,638
364
2,227
2,149
1,693
241
2,082
1,553
507
2,508
510
1,569
494
2,638
2,408
1,795
2,244
2,331
1,787
453
2, 326
1,804
437
2,621
1,959
548
2,302
2,476
2,350
2,491
1,968
394
2,456
2,375
P 15, 452
955
326
823
26, 113
376
883
805
766
COMMUNICATIONS
Telephone carriers:©
Operating revenues
thous of dol
Station revenues
do
Tolls message
do
Operating expenses before taxes
do
Net operating income
do
Phones in service end of month
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol _
Operating expenses, incl. depreciation. __do
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues. ._
do
Radiotelegraph:
Operating revenues
do
Operating expenses, incl. depreciation __do
Net operating revenues
do
525
1,819
335
1,691
672
2,583
2,057
453
1,650
616
1,838
350
1,954
409
ooo
1,895
332
1,736
267
1,982
347
569
1,768
106
1,974
283
d
Preliminary.
Deficit.
^Revised data for August 1950, $58,926,000.
Revised.
via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.
c? Data exclude departures
depart
©Data relate to continental United States.
r
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
146, 592
132, 158
146, 915
147, 560
147, 289
133, 871
124, 617
128, 596
148, 931
136, 736
141,373
146, 280
short tons
4,092
6,792
6,196
5,342
6,566
4,352
2,614
8,920
2,850
Calcium arsenate (commercial)
thous. of lb__
3,900
3,390
3,140
65, 421
64, 514
65, 310
62, 557
55, 323
60, 225
61, 961
55, 237
Calcium carbide (commercial)
short tons
50, 035
57, 436
54, 320
58, 770
Carbon dioxide, liquid, gas, and solid
152, 704
142, 232
144, 006
112, 008
86, 012
73, 542
133, 728
107, 708
94, 156
82, 902
73, 546
67, 076
thous. of Ib
209, 024 T202, 693
210, 477
200, 298
182, 994
192, 604
173, 117
165, 828
187, 666
Chlorine, gas _
short tons
207, 106
197, 967
185, 537
57,072
57, 111
58, 461
57, 043
58, 492
51, 521
52, 785
Hydrochloric acid (100% HC1)
do
57, 467
50 944
57, 410
57, 893
57, 389
318
4,672
1,838
2,670
5,114
5, 082
2,924
4,632
2,196
3,598
Lead arsenate (acid and basic) _ _ _ -thous. of Ib
0)
0)
124, 319
115, 286
115, 398
118, 132
125, 732
133, 264
119, 661
124, 376
116 122
133, 483
105, 206
107, 210
Nitric acid (100% HNOa)
short tons
1,738
1,812
1,863 T 1,748
1, 819
1,742
1,512
1,542
1,529
Oxygen (high purity)
_mil. ofcu. ft
1,666
1,703
1,647
147,392
152, 114
152, 577
157, 086
142, 103
131, 302
163, 673
141, 496
151, 187
142, 534
132, 912
136, 187
Phosphoric acid (50% HsPO^
short tons
Soda ash, ammonia-soda process (98-100%
434, 892
458, 217
434, 399
439, 773
334, 296
461, 412
180, 849
170, 142
402, 517
445, 389
370, 649
443, 706
Na2Cos)
short tons
11,321
11, 858
9,888
5,649
8,424
7,418
11,011
12, 171
10, 170
9,670
Sodium bichromate and chromate _.
do
9,936
8,577
262,
881
252,
169
252,
282
248,
449
256, 713
258,
596
233,
284
244,
883
227,
178
Sodium hydroxide (100% NaOH)
do
0)
0)
0)
Sodium silicate, soluble silicate glass (anhy32, 278
47, 602 r 41,210
45, 132
35, 730
53, 338
56, 300
54, 708
37, 707
51, 485
47, 317
55, 544
drous)
short tons
Sodium sulfate, Glauber's salt and crude salt
83, 339
77, 452
70, 333
81, 196
72, 396
79, 517
75, 296
77, 157
75, 882
80, 924
61, 820
75, 267
cake
short tons
Sulphuric acid (100% H 2 SO 4 ):
1, 051, 694 1, 057, 851 1, 137, 367 1, 121, 357 1, 183, 514 1,162,351 1, 051, 004 1, 172, 100 1, 133, 353 1, 151, 068 1,066,421 1, 077, 216
Production
do
Price, wholesale, 66°, tanks, at works
17.75
20.00
20.00
17.75
20.00
20.00
20.00
19.33
19.85
20.00
20.00
19.97
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic and natural), production
43, 224
42, 176
41,321
41, 593
38, 300
42, 476
41, 401
43, 069
36, 941
40, 218
36, 352
39, 458
thous of Ib
83, 012
88, 816
84, 358
82, 240
77, 364
78, 221
79, 462
77, 963
82, 968
85, 553
86, 306
70, 155
Acetic anhydride, production
do
1,080
1,081
1,116
1,283
1,078
1,013
967
885
766
799
1,090
Acetylsalicylic acid (aspirin), production- do ...
1,007
Alcohol, ethyl:
' 33, 099 37, 391
46, 179
37, 740
34, 721
41, 466
40, 910
35, 256
34, 763
35, 629
35, 767
35, 563
Production
thous. of proof gal
' 24, 593
29, 432
54, 761
91, 085
65, 962
71, 001
59, 641
36, 597
44, 066
44, 010
101, 244
99, 683
Stocks, total
_
do
In industrial alcohol bonded warehouses
72, 221
52, 075
35, 979
42, 735
74, 411 ' 77. 190
62, 087
43, 251
59, 548
57, 299
thous. of proof gal. . ' 23, 899 29, 088
694
344
18, 864
8,914
619
1,331
759
6,414
2,342
2,686
25, 272
In denaturing plants
do
24, 054
' 32, 702 26, 611
22, 941
31,151
30, 922
23, 813
36, 180
30, 340
22, 876
20, 910
Withdrawn for denaturation
do
31, 628 r 43, 655
3,660
3,422
' 6, 947
1,719
2,051
5,080
3,877
3,035
3,881
2,937
Withdrawn tax-paid
do
1,161
2 258
Alcohol, denatured:
16, 708
19, 273
17, 733
16, 582
28, 063
28, 198
17, 839
21, 265
21, 440
16, 288
Production
thous. of wine gal
23, 322
23, 348
r 17, 118
18, 474
22, 002
18, 727
29, 184
19, 340
16, 861
19, 888
20, 448
16, 340
Consumption (withdrawals) _ _ _ __ do
23, 944
22, 381
2,012
1,604
1,744
' 3, 206
1,467
8,944
3,118
8,713
Stocks
do
2,517
1,533
8 793
9,762
11,510
11,407
11, 851
11, 756
12, 708
12, 971
13, 373
12, 997
11, 747
11, 668
Creosote oil, production _ .
_ -thous. of gal11, 822
11,691
7,922
7,737
8,168
7,824
7,665
9,235
10, 463
11, 749
Ethyl acetate (85%), production . thous. of lb__
9,307
7,861
7,315
6,979
Glycerin, refined (100%, basis) :
High gravity and yellow distilled:
7,419
8,222
8,821
7,631
7,882
8,829
8,450
Production
thous. of Ib
8,635
7,603
7,753
6 314
3 661
8,581
8,994
8,007
8,850
8,211
7,541
8, 038
Consumption. _ _ _
_____ _
do
7,591
7,629
8,257
6,405
7,173
12, 855
12, 297
13, 070
14, 180
19, 026
18, 644
18, 820
17, 204
17, 646
15, 983
Stocks
do
17 297
18 664
Chemically pure:
12, 262
12, 098
13, 435
14, 199
11, 827
12, 968
11, 098
14, 326
13, 299
13, 499
Production
_
do
10 575
6 970
8,450
9,007
8,363
8,774
8,246
7,961
7,473
Consumption. _
__ do
8,263
8,423
7,687
7,003
6,324
18, 172
19, 368
17, 787
21, 920
19, 115
27, 411
20, 132
Stocks
do
27, 399
24 914
26, 046
23, 580
27 787
Methanol, production:
184
183
177
182
170
162
159
160
Natural (100%)
thous of gal
156
174
180
182
12, 984
11, 395
12, 308
13, 474
15, 615
14, 614
15, 349
15, 278
13, 200
14, 621
Synthetic (100%)
do
14 759
14 845
19, 902
19, 031
18, 367
Phthalic anhydride, production
thous. of lb__
21, 141
22, 114
19, 839
18, 237
21, 437
19, 035
20, 250
19, 678
21, 524
20.00
44 599
107, 722
73, 525
34 196
42, 509
3 033
22 757
21 030
10 875
5 416
6*976
16 165
10 676
6 947
24 883
FERTILIZERS
Consumption (14 States)
Exports, totaL
Nitrogenous materials
Phosphate materials
Potash materials
thous. of short
_ _ short
_
__
tons
tons.
do
do
do
385
551
226, 631
83, 193
129, 904
7,095
283, 942
50, 081
213, 503
12, 741
T
598
737
198, 269
' 23, 118
148, 979
9,626
145, 250
28, 470
77, 061
8,889
70, 484 rr 133, 545 rr 199, 175 r
Imports, totalf
do
54, 762
106, 701 r149, 654
Nitrogenous materials, total
do
7,990
51,717
Nitrate of soda
do
73,016
7,153
4, 542
11,496
Phosphate materials
do
3,365
33, 814
3,407
Potash materials
_ _ _ _ _ _ _ d o _ __
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
51.50
51.50
port warehouses
dol. per short ton
51.50
114, 710
114, 210
107, 056
Potash deliveries
._ _
_ short tons
Superphosphate (bulk):
866, 723
876, 023
953, 689
Production
do
1, 250. 575 1, 224, 030 1. 157, 052 1
Stocks, end of month
do
154, 916
97, 106
34, 134
5 503
43, 723
167, 832
123, 172
50 064
9 187
29, 343
51 50
113,400
51 50
125, 316
2
1 308
151, 354
16 181
117 286
8 846
2
1 622
209, 649
15, 430
177, 554
8,399
2
1, 407
244, 818
17, 176
201 917
13 407
2
994
285, 768
29 032
238 165
7 286
2
509
217, 760
23 433
176 300
8 812
2 302
300 139
25 762
262 569
9 049
219, 239
143, 420
54 690
5 296
r
61, 615
230
128
58
7
77
259
165
74
12
63
450
929
451
034
701
344. 573
212 781
94 291
8 918
3l'l05
282
214
86
7
23
216
137
74
14
43
276
144
33
7
52
53 50
121, 153
53 50
105 636
53 50
128 661
53 50
115 369
53 50
110 777
2
1, 523
161, 690
15, 907
136, 398
6,496
845
r
189, 229
33, 927
139, 759
11, 984
r
r
r
892
087
676
786
413
314
588
037
936
122
247
981
874
594
449
53 50
101 663
2 349
889
097
065
871
158
53 50
106 134
53 50
112 498
974 544
948, 923
985 805
968 233 1 107 048 1 052 257 1 031 919 r 872 133 r gig g69
833 536
150 886 1 207 228 1 194 507 1 125 418
953 785
832 185
918 991 1 093 308 1 239 318 1 257 507
NAVAL STORES
Rosin (gum and wood) :
Production, quarterly total _ _ _ drums (520 lb.)_
Stocks, end of quarter
do
Price, gum, wholesale, "WG" grade (Sav.), bulk
dol. per 100 lb_.
Turpentine (gum and wood):
Production, quarterly total
bbl. (50 gal.)-Stocks, end of quarter
_ do
Price, gum, wholesale (Savannah).. dol. per gal__
594, 250
873, 340
6.11
6.61
194, 050
151, 430
542, 770
711, 430
7.26
8.27
8.43
171, 260
159, 820
433 180
558 580
8.90
8.90
8.90
141, 200
128 760
569 450
601 ' 000
8.90
8.90
8.90
8.23
8.33
193, 220
152 490
---.64
.46
.71
.92
.92
.87
.80
.92
.87
.79
'.78
.68
r
Revised.
1 Not available for publication. 2 Excludes data for Virginia; effective January 1951, this State reports quarterly (January-March 1951 figure for Virginia, 296,000 short tons:
April-June, 286,000 short tons).
JJuly 1950 revision, 50,466 short tons.
SUKVEY OF CUKEENT BUSINESS
S-25
1951
1950
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
Sulfur:
Production
Stocks
thous. oflb__
do__
1,837
68, 581
1,912
60, 822
2,057
64, 557
1,626
59, 724
1,955
56,378
1,772
51, 896
1,407
49,211
985
54, 277
936
59, 128
743
63, 285
787
60, 687
768
56 451
(\K
946
9£
4
446, 245 440, 262 424, 269 435, 290 452, 060
409, 377
438, 843
longtons__ 436, 612
453, 685 419,312
421,116
458, 025
448, 842
2, 935, 503 2, 853, 688 2, 822, 913 2, 762, 528 2, 654, 530 2, 736, 188 2, 759, 837 2, 796, 784 2, 750, 305 2, 711, 267 2, 719, 821 2, 669, 635 2 g65 §Q^
do
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
300, 360 354, 641 393, 136
411.375
286, 747 318, 211 308, 408 326, 209
Production
thous. oflb__ 272, 295
260, 795
308, 257 r 279, 284
266, 887
129, 658
119,095
145, 597
130, 289
127, 332
147, 760
155, 320
Consumption factory
do
148, 635
117, 406
117, 213
101, 144
72 754
103 585
274, 271
297, 756
302, 854
Stocks, end of month
_
do
221,073
246, 609
322, 583
266, 213
261, 037
266, 198
240, 930
273, 326
277, 129
270 761
Greases:
51,119
53, 751
58, 895
60, 254
54, 892
52, 262
60, 830
51, 696
48, 086
Production
do
50, 521
52, 630
47, 222
54 642
58, 114
63, 567
67, 535
58, 455
55, 344
46, 388
47,615
47, 750
48, 118
Consumption, factory _ _ _
do _
50, 402
40, 841
28, 110
46 782
99, 139
110, 950
94, 200
86, 676
82, 816
92, 536
88, 661
82, 568
86, 779
94, 507
Stocks end of month
do
101, 780
113, 378
113 712
Fish oils:
836
9,189
24, 486
22, 961
11,247
10, 006
4,519
716
890
Production
_ _.
do
22, 517
19, 082
25, 463
25 240
13,634
14, 780
18, 145
18 152
17, 025
15, 301
16, 988
11, 543
10, 443
10, 194
8,925
Consumption factory
do
20, 467
9 993
59, 821
69, 024
72, 207
64, 635
63, 177
54, 817
45, 921
75, 111
75, 917
68, 503
62, 053 r 79, 494
Stocks, end of month cf
do
104 219
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
r
545
474
431
428
381
571
501
420
371
Production crude
mil oflb
560
550
330
395
484
517
434
342
456
497
470
542
398
277
Consumption crude, factory
do
523
430
356
Stocks, end of month:
884
1,071
1,045
1,023
1,065
1,048
1,062
1,028
736
826
960
Crudecf
do
1,026
995
214
297
356
416
461
216
269
321
443
400
189
Refined
do
329
256
30, 036 T 47, 188
61, 070 r 60, 624
97, 151
63, 350
33, 189
97, 181
Exports
__
thous. oflb
17, 627
40, 406
47, 330 r 41, 546
44, 440
46, 294
55, 328
56, 214
36, 723
45, 093
30, 308
27, 157
52, 839
65, 112
62, 848
46, 537
Imports total
do
5, 036
4,619
1,674
11,048
2,430
7,677
14, 530
19, 834
15, 022
12,406
8,976
2,285
Paint oils
do 32, 104
37, 415
28, 634
24, 872
38, 309
47, 827 r 34 131
44, 280
47, 238
42, 010 r 41, 258
45 277
All other vegetable oils
do
Copra:
31,828
29, 697
37, 616
33, 340
38, 365
26, 769
22, 047
45, 619
35 393
33, 187
Consumption factory
short tons
37, 356
40 929
37 219
34, 241
40, 324
22, 926
27, 851
30, 386
20, 732
14, 968
23, 092
26, 334
Stocks end of month
_
do
16,417
17, 740
27, 890
25 462
41, 987
21, 716
29, 661
57, 897
31, 621
38, 743
28, 100
43, 286 r 53, 333 r 55, 081
55, 996
52, 396
Imports
do
Coconut or copra oil:
Production:
42, 026
35,112
49, 264
60, 334
37, 531
48, 080
46, 555
40, 506
42, 166
27, 903
48, 420
53, 167
Crude
thous. o f l b _ _
47, 172
31, 844
28, 277
23, 224
25, 545
26, 499
33,316
25, 683
17, 645
30, 529
30, 744
26, 559
32, 099
Refined
do
25 874
Consumption, factory:
48, 214
45, 747
39, 206
49, 398
56, 197
28, 911
53,311
56, 479
52, 888
47, 343
46, 850
55, 812
Crude
do
42 115
24, 108
24, 438
27, 784
27, 626
25, 060
15, 631
23, 818
28, 118
28, 798
27, 246
28, 553
23, 262
25 151
Refined
do
Stocks, end of month:
(i)
94,
075
106,
153
101,
745
85,
024
93,
482
103,
572
44,
709
61,
989
83,
938
90,
487
64,
536
Crudecf
-- do
84 626
8, 469
12, 813
10, 239
10, 336
9,322
10 211
11 824
11, 505
6 286
8 962
6 975
10 276
Refined
do
6 809
12, 696
7,018
5,701
12, 903
9,493
18, 719
9,586
24, 248 T 11 537
18, 728
10,311
Imports
do
9,390
Cottonseed:
24
15
37
15
369
56
148
68
220
1,123
Receipts at mills
thous. of short tons
600
793
555
164
96
229
117
72
404
319
Consumption (crush)
_ _ do
228
621
564
433
448
199
244
142
70
575
393
66
974
1,138
838
276
472
1,202
Stocks at mills, end of month
_ _ do
422
Cottonseed cake and meal:
106, 323
74,216
48, 437
43, 989
32, 880
144, 994
104, 675
276, 465
198, 130
Production
__short tons
180, 934
251, 982
193, 620
92, 220
105, 949
94, 795
89, 767
71, 645
165, 276
130, 717
214, 226
199, 134
121, 179
153 478
207 924
190, 875
Stocks at mills end of month
do
57 343
Cottonseed oil, crude:
24, 271
54, 719
38, 305
34, 127
77, 628
144, 222
103, 897
195, 045
138, 678
72, 730
182, 355
Production
thous. oflb__
121, 808
60, 200
20, 121
22, 329
48, 528
60, 610
30, 018
105, 049
87, 973
89, 685
Stocks end of month
do
43, 033
98, 408
100, 065
29, 133
63, 370
Cottonseed oil, refined:
65,
744
54,
149
35,
473
24, 446
110, 864
95,400
78, 244
126, 329
143 075
122, 009
40, 499
85 825
Production
do
160 209
64, 121
62, 876
63, 388
63, 465
76, 811
92, 265
155, 135
107, 832
119,877
112, 573
116, 590
97, 735
Consumption, factory
do _
116,937
19, 644
19, 203
18, 355
21,210
23, 497
26 749
23, 196
30, 583
35, 496
26 052
30 587
35, 140
In oleomargarine
do
33 460
194, 120
147, 024
226, 997
226, 525
204, 544
231, 652
107, 144
171, 591
180, 709
98, 103
97, 930
155, 036
Stocks, end of month
_
do
73, 621
Price, wholesale, summer, yellow, prime (N.Y.)
.168
dol. perlb
.196
.205
.237
.262
.208
.237
(2)
(2)
(2)
(2)
(2)
(2)
Flaxseed:
4
34 959
339 263
Production (crop estimate)
thous of bu
Oil mills:
3,484
3,700
3,376
3,149
3,739
3,186
2,943
3,051
3,648
Consumption
do
2,946
3,469
3,549
3,963
5,245
5,579
5,565
4,429
6,109
8,075
3,259
2,505
9,007
5, 111
8,670
Stocks end of month
_
do
6,177
9 362
0
o
o
o
0
0
0
o
o
0
Imports
do
(5)
(5)
3.42
3.68
4.89
4.68
4.33
3.41
4.84
4.55
Price, wholesale, No. 1 (Minn.) dol. per bu__
3.75
3.87
3.55
3.26
3.45
Linseed oil:
74,
079
63,
396
67,
511
74,
953
70,
002
60,
500
63,
724
60, 551
57, 809
74, 946
Production
thous. of lb__
77, 316
68, 708
72, 635
59, 405
44, 027
61, 588
60, 826
52, 352
68, 186
60,317
65, 721
60, 401
Consumption, factory
do _
58 402
54, 657
51 553
49, 610
633,
674
623,
490
605,
329
620,
535
624,
995
601,
736
608,
807
Stocks at factory, end of month __ _ _ do _
609,
867
613,
664
591, 636
561, 185
561, 102
556, 570
.234
.169
.201
.242
.159
.224
.236
.240
.195
Price, wholesale (N. Y.)
dol. perlb—
.188
.172
.186
.170
Soybeans:
4
273, 406
3 287 010
Production (crop estimate)
thous of bu
17,842
17, 759
21, 260
18, 809
24, 737
21,918
22, 470
24, 687
25, 075
Consumption, factory
do
15,416
22 799
13 634
19 570
22, 706
42, 192
33, 367
9,711
62, 798
53, 983
72, 988
77 163
78 682
9 003
Stocks end of month
do
2 484
57 878
81 201
Soybean oil:
Production:
176, 357
176, 839
209, 264
187, 910
212, 077
240, 426
235, 609
215,973
157, 026
216, 217
240. 745
Crude
thous. of Ib
137, 695
190, 723
139, 124
120, 792
154, 263
180. 217
163, 260
201, 472
171, 360
201, 298
166, 442
170, 013
163, 893
145, 546
153, 276
Refined
- - - - do _
134,
597
148,
240
116,315
141,
076
157,
851
165,
942
184,
543
162,
202
Consumption factory, refined
do
162, 308
167, 065
160, 038
149 258
156 275
Stocks, end of month:
107,
993
116,
683
107,
383
124,
800
125,
870
130,
692
131,
235
113,
499
81,162
99, 828
75, 971
65, 896
Crude
do
53, 358
85, 236
119,641
95, 343
113, 715
129, 607
95, 790
70, 495
65, 175
51,045
54, 237
67, 121
51, 274
60 116
Refined
do
.206
.199
.225
.258
.282
.278
.266
.215
.268
.185
.191
.250
Price, wholesale, edible (N. Y.)
dol. perlb__
.203
4
5
'Revised.
* See note marked "cf".
2 No quotation.
s December 1 estimate.
September 1 estimate.
Less than 500 bushels.
c?Data for crude palm, coconut, castor, and sperm oil are excluded from the pertinent items for June-August; beginning September 1950, these oils have been restored on a commercial
stocks basis.
SUEVEY OF CURRENT BUSINESS
S-26
October 195:
1951
1950
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
June
May
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
._
_
thous. oflb
Stocks (factory and warehouse)-- _
_^do
Price, wholesale, vegetable, delivered (eastern
U.S.) .
__ .dol. perlb
Shortenings and compounds:
Production
_
thous. of Ib
Stocks, end of month
do
84, 129
21, 383
64, 829
16,811
74, 234
14, 807
93, 852
12, 645
89, 959
14, 150
112,813
19, 905
79, 493
21,811
91, 137
22, 987
71,394
20, 066
71,301
19, 685
80, 344
17, 959
69, 436
17, 451
86, 286
17, 022
.264
.269
.264
.279
.294
.316
.324
.324
.324
.316
.300
.273
.265
180, 280
60, 544
156, 820
71, 852
142, 215
85, 962
155, 333
81, 121
144, 092
103, 583
160, 179
88, 956
138, 518
99, 623
112,025
123, 554
98, 840
152,844
106, 416
151, 602
86, 770
140, 550
80, 203
114,434
126, 290
104, 682
122, 629
111, 165
42, 161
69, 004
11, 465
103, 323
93, 170
38,417
54, 753
10, 153
99, 384
90, 366
41, 114
49, 252
9,018
87, 384
79, 599
37, 575
42, 024
7,785
82,117
74, 474
35, 111
39, 363
7,643
111,118
101,046
41,149
59, 898
10, 072
99, 792
90, 969
37. 361
53, 608
8,823
113,436
103, 693
44, 387
59, 306
9,743
106, 060
96, 651
41, 786
54, 864
9,410
110,639
100, 175
41,357
58,817
10, 464
104, 690
94, 523
38, 871
55, 651
10, 167
*r 93, 504
84, 677
' 34, 604
' 50, 073
r
8, 827
101, 946
92 208
38, 442
53 776
9,738
2,585
8,389
798
1,111
38, 128
27, 993
17 994
36, 142
25, 806
12,832
23,969
2,719
7,248
638
1,150
36, 905
29, 377
16 237
35, 138
25, 718
10, 738
24, 893
2,831
8,643
711
1,329
36, 367
29, 658
16 658
39, 036
26, 614
12, 087
26, 807
2,659
6,696
706
1,069
34, 529
30, 110
17 602
33, 731
24, 161
11,683
24, 890
2,812
7, 069
673
815
36, 227
25, 398
17 178
36, 772
24 218
11.118
27, 428
3,154
7,205
730
1,334
40, 848
24, 593
19, 872
1
34, 400
i 30, 180
11,646
1
16, 295
2,589
5,802
668
1, 056
32, 541
21.717
17,360
131,813
i 28, 224
10, 882
1
14, 264
2,986
6,215
807
1,252
39, 852
25, 162
21, 460
i 37, 880
i 33, 891
11,996
i 16, 563
3,261
6,707
695
1,044
37, 586
25, 498
22 342
i 39, 260
i 32, 576
10, 805
i 14, 040
PAINT SALES
Paint, varnish, lacquer, and filler, total
thous. of doL _
Classified, total
do
Industrial
_ _
do
Trade
do
Unclassified
do
r
r
r
r
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
thous. of Ib
Molding and extrusion materials do
Nitrocellulose, sheets, rods, and tubes
do
Other cellulose plastics. .
_ _ do
Phenolic and other tar acid resins
do
Polystyrene
do
Urea and melamine resins
do
Vinyl resins
_
do.__
Alkyd resins
do
Rosin modifications.
_
_do _
Miscellaneous resins
do
' 2, 892
2,895
3, 062
' 6, 274
6,100
5, 766
••749
726
508
1,152
'887
801
r
39, 532
37,112
33, 671
27, 236 r 27, 115
30, 492
r
18 475
17 046
13 778
T
i 39, 734 r' i 39, 209 i 39, 531
r
i T32, 008
i 32, 176
i 28, 237
r 6, 914
9, 433
6,425
1
16, 140 1 15, 661 i 12, 457
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. of kw.-hr_.
Electric utilities, total J
do
By fuels!
do__By water power J
do
Privately and municipally owned utilities:}:
mil. of kw.-hr.Other producers^ . _
do _
Industrial establishments, total J
do
By fuels$
_
do By water powerj
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
' 33, 943 ' 32, 639
' 28, 895 r 27, 749
' r21, 360 '20,211
' 7, 538
7, 535
' 34, 338 ' 34, 101 ' 35, 821
' 29, 017 ' 30, 660
'29, 155
' 21, 970
' 21, 769 '21,350
' 7, 387 ' 7, 667 ' 8, 690
36, 726
31,418
22, 539
8,879
33, 102
28, 219
20, 012
8,207
36, 172
30, 920
21, 699
9,221
34, 431
29, 293
20, 283
9,010
35, 136
29, 871
21, 334
8,537
34, 966
29, 840
21,819
8,021
35, 435
30 392
22, 111
8 281
37, 510
32 326
24, 510
7 816
' 24, 793 r 23, 719
r 4, 102
'4,031
r
' 25, 084 ' 26, 294
r 25, 203
' 3, 953 ' 3, 933 ' 4, 366
' 5, 084 ' 5, 161
' 5, 183
' 4, 762
' 4, 808 '4,717
367
'399
'375
26, 990
4,427
5,308
4,872
436
24, 156
4,063
4,883
4,469
413
26, 551
4,369
5,252
4,843
409
25, 246
4,048
5,138
4,683
455
25, 852
4,019
5,265
4,836
429
25, 778
4,062
5, 126
4,736
390
25, 974
4,418
5 042
4, 701
341
27, 638
4,689
5 184
4,861
322
5, 048
' 4, 694
'354
r 4, 890
' 4, 524
366
23, 777
24, 157
24, 458
24, 673
25, 640
26, 690
25, 966
26, 001
25, 940
25, 467
25, 717
25 663
4,367
12, 236
456
4,991
874
219
589
46
4,434
12, 301
447
5,256
836
249
593
42
4.321
12,611
476
5,482
631
280
613
42
4,332
12, 556
494
5,803
522
300
625
41
4,443
12, 596
557
6,560
478
321
638
47
4,733
12, 694
574
7,189
473
319
664
44
4,652
12, 351
531
6,974
476
282
659
42
4,565
12, 772
541
6,593
546
279
654
50
4, 556
12, 868
497
6,339
724
254
656
47
4,482
12, 937
465
5,949
708
231
648
47
4,683
13, 099
441
5,819
775
216
637
47
4 875
12 729
422
5,779
952
223
637
47
421, 090
430, 680
435, 286
440, 961
458, 072
474, 794
467, 200
460, 900
456, 779
451, 677
456, 313
457, 799
GASf
Manufactured and mixed gas (quarterly) :
Customers end of quarter total
thousands
Residential (incl. house-heating)
do
Industrial and commercial
do
Sales to consumers, total
_ mil. of therms
Residential
do
Industrial and commercial
_
_ do
Revenue from sales to consumers, total
thous. of dol__
Residential (incl. house-heating)
do
Industrial and commercial _
do
Natural gas (quarterly):
Customers end of quarter, total
thousands
Residential (incl house-heating)
do
Industrial and commercial
- do
Sales to consumers total
mil of therms
Residential (incl house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers total thous of dol
Residential (incl. house-heating)..
do
Industrial and commercial
__ do _
r
r
9, 147
' 8,
528
r
613
'610
'333
'269
' 107, 389
' 76, 560
' 30, 101
' 14, 446
' 13, 294
r
1, 141
'r 7, 730
1, 141
r
6, 236
' 229, 533
r 92, 201
r
131,325
9, 120
' 8, 496
' 619
'838
' 537
'288
8 981
8,362
613
1,144
794
332
8 840
8,228
606
817
503
302
r
138, 975
' r101,504
36, 330
175, 832
130, 335
44, 023
132, 496
95, 332
36, 057
' 15,030
' 13, 783
' 1,236
' 10, 316
' 3. 088
' 6,910
'372,410
' 204, 992
' 161,347
15, 503
14, 204
1,282
13, 333
5,924
7 112
555, 071
360, 834
187, 619
15 697
14 431
1,249
10 484
3,009
7 125
382 063
205, 054
170, 256
::;:;:::;: — :::
' Revised.
1 Beginning January 1951, the comparability of the data has been affected by the following changes in classification and coverage: Vinyl resins, sheeting and film, originall y
reported on a total-weight basis are now shown on a resin-content basis; alkyd resins include all other uses, previously reported with miscellaneous resins (all other uses for January 1951, 1,137
thous. Ib.); miscellaneous resins exclude all petroleum resins (petroleum resins for January 1951,14,283 thous. Ib.).
JData for 1950 revised; revisions for January-July will be shown later.
fRevised data. All sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms and minor revisions for customers and
revenue for 1932-44 will be shown later. Revised data for the first two quarters of 1950 are as follows (units as above): Mfg. and mixed gas—customers, total—9,757; 9,609; res., 9.083;8,951; ind.
and com., 668; 652; sales to consumers, total—1,142; 911; res., 781; 569; ind. and com., 342; 329; revenue from sales, total—173,742; 145,544; res., 128,636; 106,233; ind. and com., 43,639; 38,184; natural gas—customers, total—13,693; 13,898; res., 12,520; 12,740; ind. and com., 1,166; 1,148; sales to consumers, total—11,259; 9,194; res., 4,668; 2,664; ind. and com., 6,324; 6,262; revenue from sales,
total—439,513; 319,549; res., 276,992; 174,577; ind. and corn., 157,970; 140,398.
SURVEY OF CURRENT BUSINESS
October 1951
S-27
1951
1950
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August
September
October
November
December
January
February
April
March
May
June
July
August
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 gal
Tax-paid withdrawals
_ _ do __
Stocks, end of month
_
do
Imports.
thous. of proof 1 gal
Eectified spirits and wines, production, total cf
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___do
r
r
9, 041
8, 622
11, 101
6,870
6,845
10,648
6,391
6,913
9,692
6,166
6,019
9,451
5,893
6,163
8,815
6,872
5,894
9,440
6,075
5,237
9,921
7,514
6,675
10, 341
7,476
6,449
10, 910
8,402
7,697
11, 107
8, 965
8,187
11, 362
9.009
8,480
11, 383
8 997
8 886
10 930
r
r
r
r
33, 061
41,863
47, 852
38, 254
35, 444
36,063
28, 605
35, 339
28, 620
27, 893
25, 808
18, 774
16, 376
20, 280
16, 142
720, 247
1,692
15, 473
11, 348
737, 771
1,461
15, 177
10, 128
760, 806
1,706
17, 630
11, 064
780,
654
T
2, 191
24, 564
12, 061
795, 181
1,856
20, 725
16, 986
808, 922
1,474
18, 161
13, 606
820, 073
1,316
15, 108
10, 273
843, 250
1,387
11, 674
5,315
865, 164
1,277
13, 035
7,001
884, 516
1,309
13, 226
7,274
901, 106
1,459
12,615
7,021
910, 339
1,345
8 664
915 424
r
15, 093
9,869
647, 049
1,534
17, 758
6,455
656, 999
1,322
20, 536
5,939
670, 213
1,543
22, 241
6,557
684,
031
r
1, 996
19, 244
6,899
694, 210
1,638
20, 207
9,772
701, 634
1,311
16, 235
7,811
707, 672
1,160
19, 979
6,107
720, 712
1,247
14, 727
3,076
731, 629
1,155
15, 912
3,713
542, 589
1,209
13, 273
3,641
751, 241
1,363
9 763
3,686
755, 774
1 243
6 905
5 002
756 411
16, 230
14, 023
11,081
9,741
10, 233
9,037
11,112
10, 177
11, 063
10, 153
14, 834
13, 523
12, 227
11, 170
8,436
7,268
4,836
3,834
6,019
5 239
5,896
5,240
6,431
5 837
7,843
6 904
116
87
1,627
41
73
111
1,579
44
77
148
1,499
68
83
168
1,398
119
60
170
1,267
118
85
86
1,259
49
149
66
1,327
35
68
78
1,306
39
195
53
1,438
38
180
82
1,525
36
117
84
1,550
50
59
56
1,546
33
4,250
11,367
109, 347
276
12, 813
41, 610
11, 271
143, 694
331
98, 229
59, 214
12, 657
194, 870
459
124, 020
15, 253
11, 768
198, 490
562
36, 337
4,818
10, 778
187, 747
534
10, 855
2,081
11, 246
176, 428
353
1,460
1,711
9,680
166, 912
309
1,007
2,301
10, 598
158, 371
388
1,342
1,367
8,869
150, 596
412
703
1,565
8,394
142, 987
398
466
1,212
8,207
133, 978
363
416
1 036
6,969
127 386
260
557
121, 080
239, 398
.614
103, 035
234, 111
.633
91, 930
208, 228
.642
75, 910
159, 873
.647
79, 000
105, 192
.664
86, 675
75, 329
.698
81, 270
52, 507
.694
93, 700
33, 378
.671
104, 395
32, 207
.670
134, 545
42, 590
.701
143, 960
134 265
72, 598 r 104 405
.686
.675
m
108, 935
85, 935
316, 661
287, 977
8,937
89, 560
67, 900
326, 907
292, 421
6,854
80, 035
58, 095
310, 240
276, 930
5,185
67, 030
45, 830
261, 259
233, 733
4,885
67 925
45, 265
212, 493
187, 157
3,618
71, 035
49, 495
179, 577
155, 117
5,479
70, 605
49, 585
160, 621
137, 397
9,063
89, 245
64, 565
155, 095
130,
655
r
4, 477
100 140
75, 190
169, 822
144, 441
3,212
131 695
102, 515
197, 412
169, 553
2,639
141 470
112, 040
234, 608
204, 009
2,757
810
750
540
199
454
97R no7
.349
.354
.360
.363
.386
.447
.455
.437
.407
.414
.420
.408
.420
28, 350
6,200
284, 300
21, 200
5,900
232, 600
19, 575
5,325
202, 000
15, 100
4,260
159, 000
18, 350
4,135
156, 300
18, 400
5,435
182, 000
16, 390
5,025
190, 000
21, 525
4,350
258, 600
22, 785
4,375
289, 500
36, 850
5,850
388, 000
35, 275
6,275
370, 750
25 100
4 900
314, 750
263, 000
7 022
349, 397
9 409
388, 620
9 296
383, 161
10 494
316, 666
6 883
159, 559
7 598
88, 859
6,753
113, 207
9,501
91, 682
8 325
148, 505
9 566
222, 603
8 796
426, 747
7 892
524, 154
543, 744
741
11, 741
983
18, 075
1,378
8,199
4,327
8,225
2,411
9,352
1,123
8,337
1,969
8,995
1,720
13, 874
2,961
22, 487
3,306
24, 368
5,664
32, 587
9.30
5.29
9.30
5.37
9.50
5.37
9.50
5.39
9.72
5.63
10.49
6.06
10.80
6.15
10.80
6.16
10.80
6.16
10.80
6.16
10.80
6.14
10 80
6.12
in so
6.09
10, 620
4,392
4.52
9,396
3,633
4.62
9,081
3,246
4.79
8,402
2,678
4.84
8,523
2,738
4.88
8,960
2,999
4.98
8,527
2,905
5.09
9,690
3,536
5.08
10, 328
3,937
5.05
11, 856
5,101
5.00
12, 535
5,334
4.98
11 829
4,845
5.05
in 71*?
4,266
5.05
11 885
60, 950
10 400
42, 900
11 300
35, 800
9 920
30, 550
9 850
39, 480
10 784
42, 000
12 090
40, 150
16 330
53, 000
17 030
66, 750
17 750
94, 600
15 550
102, 500
14 375
78, 100
66, 100
13 630
59, 017
12 503
42, 445
13 284
31, 444
11 644
23, 498
10 231
22, 030
10 784
22, 545
13 811
39, 959
14 464
26, 791
16 564
42, 580
19 190
76, 123
22 241
110,013
24 129
121, 663
124, 881
4,711
20, 028
5,966
17, 957
6,047
20, 340
5,308
18, 994
5,334
15, 070
4,644
9,369
4,483
13, 653
6,613
26, 535
5,085
15, 881
5 348
7,177
6 301
12, 939
5 369
5 859
.118
.119
.121
.124
.127
.131
.133
.137
.144
145
146
146
5,247
40, 032
6,551
i 123,126
4,041
33, 621
14, 032
3,860
27, 273
10, 944
3,883
20, 135
9,849
4,257
12, 891
11, 994
3,183
6, 931
10, 958
1,703
2,844
12, 658
694
680
10, 437
479, 353
449, 989
431, 711
408, 361
390, 646
361, 867
418, 666
531, 090 ' 573, 708 597, 546
454 Oil
425 170
375 269
328 520
294 223
272 111
270 206
290 321 r 369 311
r
DAIRY PRODUCTS
Butter, creamery:
Production (factory) _ _
thous . of Ib _ _
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York).dol. perlb..
Cheese:
Production (factory) total
thous of Ib
American, whole milk
do
Stocks, cold storage, end of month, total
do
American, whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. perlb__
Condensed and evaporated milk:
Production:
Condensed (sweetened):
Bulk goods
.thous. of Ib
Case goods
do __
E vaporated (unsweetened) , case goods _ _ _ do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous of Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened) .__
do __
Prices, wholesale, U. S. average:
Condensed (sweetened)
_dol. per case
Evaporated (unsweetened)
do
Fluid milk:
Production
mil. oflb
Utilization in mfd. dairy products
do
Price, dealers', standard grade
dol. per 1001b__
Dry milk:
Production:
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 Ib
r
T
r
r
r
r
124
100
262
227
2
IOC ftOK
ncA
.673
2 466
15 596 —
9fi *?9^
147
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_
Shipments, carlot
no. of carloads.6,114
339
1,265
Stocks, cold storage, end of month, __ thous. of bu._
102
7,321
34, 451
Citrus fruits, carlot shipments
no. of carloads. _
4,994
5,988
5,676
Frozen fruits, stocks, cold storage, end of month
thous. of lb__ 461, 956
466, 135
497, 878
Frozen vegetables, stocks, cold storage, end of
month
thous of Ib
361 366
430 576
457 573
Potatoes, white:
Production (crop estimate)
thous. of bu
15 024
Shipments, carlot
no. of carloads
11, 632
15 279
Price, wholesale, U. S. No. 1 (New York)
3.485
2.636
dol. per lOOlb—
2.128
r
1
2
Revised.
December 1 estimate.
September 1 estimate.
cfFigures beginning July 1950 exclude production of wines and vermouth; for July
r
1
'249
'294
' 7, 428
2 119 g92
199
261
7,090
439 130
13 513
439, 500
13 702
18 588
17 165
22 836
20 735
21 168
22 604
r 12 761
2 346 340
11 416
2.515
3.121
3.039
3.315
2.926
4.005
4.107
3.733
3.008
3.436
1949-June 1950, such production totaled 83,000 gallons.
SUEVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
May
April
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)
do
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports including malt
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu-_
No 3, straight
-_ -do
Corn:
Production (crop estimate)
mil of bu
Grindings, 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 (Chieagoj._d~ol. per bu._
27, 395
'27 968
Wheat:
Production (crop estimate), total
mil. of bu
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, totaled
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__.
Wheat flour:
Production:
Flour
- thous. of sacks (100 lb.)_
Operations percent of capacity
Offal
-- .short tons.
Grindings of wheat
thous. of bu
Stocks held by mills, end of month
thous of sacks (100 Ib )
Exports
do
Prices, wholesale:
Standard patents (Minneapolis)
dol. per sack (lOOlb.).
Winter, straights (Kansas City)
do._.
f
2
' 59, 461
81, 788
6,663
8,801
31, 635
30, 165
2,247
r
62, 074
54, 139
41,559
9,703
6,822
6,819
7,204
257 585
22, 135
24, 692
24, 585
26, 353
6,084
' 2, 582
24, 285
40, 194
3,137
23, 261
4,559
27, 476
88, 869
»• 6, 177
33, 944
«• 39, 297
«• 40, 338
' 56, 384
i 301, 009
9,821
8,909
2
16, 968
21, 441
13. 503
12, 581
28, 593
34, 026
34, 541
1 252
33, 429
180, 508
2 582
2,588
3,599
32, 625
139, 338
' 3, 621
1. 545
1.484
1.529
1.451
1.488
1.394
1.561
1.476
1.568
1.512
1.687
1.617
1.742
1.673
1.738
1.628
1.625
1.445
1.517
1.365
1.388
1.261
1.283
1.193
1.368
1.264
12, 096
33, 367
11, 973
23, 264
11, 932
24, 371
11, 778
52, 010
*3 131
10, 867
42, 716
12, 864
54, 945
11, 182
34, 227
13,004
33, 010
10, 893
25, 664
10, 860
21, 914
10, 769
21, 155
9,604
21, 759
2 3, 131
10, 147
23, 800
39, 768
40, 127
486.2
5,317
38, 779
52, 137
74,058
50, 939
32, 559
8,825
11, 621
15, 035
8,895
42, 570
814.9
6,903
35, 379
10, 355
71, 453
1, 353. 1
12, 979
61,636
7,176
59, 365
2, 160. 5
11, 151
70,093
«• 10 721
(3)
1.534
1.511
(3)
1.541
1.498
1.528
1.521
1.462
1.760
1.581
1.500
(3)
1.686
1.557
(3)
1.738
1.595
(3)
1.818
1.659
(3)
1.770
1.645
1.889
1.799
1.703
1.870
1.774
1.688
0)
1.721
1.617
0)
1.764
1.667
1.854
1.794
1. 705
17, 102
11,013
8,977
7,211
1, 465
7,370
6,783
4,267
5,605
8,263
10, 137
7,923
9,930
2 1,378
23, 302
18, 275
22, 020
, 168, 742
20,381
18, 226
15, 231
14, 971
27, 449
285
447
726
440
14, 886
264, 557
17, 798
324
.816
.812
.928
.977
.995
.996
13, 828
559, 676
1,190
.993
13, 030
432
17, 698
907, 660
17, 585
366
.980
.931
.865
.794
163, 842
24, 661
58, 484
37, 295
42, 174
58,099
58, 298
28, 657
50, 618
34, 374
45, 169
25, 414
42, 524
37, 536
54, 961
30, 167
62, 332
30, 734
88, 472
58, 385
90, 474
57, 204
64, 573
62, 221
64, 246
65,013
1
257
333
.781
Rice:
Production (crop estimate)
thous of bu
California:
16, 204
65, 702
Receipts, domestic, rough
thous. of Ib
11, 100
73, 075
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
14, 274
14 179
of month
thous of Ib
Southern States (Ark., La., Tenn., Tex.):
715, 391
Receipts, rough, at mills
thous. of Ib . ' 289, 752
' 142, 812 -265,412
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
328, 120
basis), end of month
thous. of lb_. 132, 419
162, 532
83, 407
Exports
do
.085
.090
Price, wholesale, head, clean (N. O.)--dol. perlb..
Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets t -- -_-do__ _
Stocks, commercial, domestic, end of month-do
Price, wholesale, No. 2 (Minn.)
dol. per bu__
29, 581
91,714
' 999, 456
••217,510
' 55, 144
402, 280 r 126, 731 * 101, 492 r 74, 774
' 161, 747 ' 164, 678 ' 176, 956 ' 142, 156 ' 118, 987
757, 612
107, 336
.089
857, 876
81, 930
.099
1,229
7,518
1.369
1,052
7,716
1.463
776, 126
77, 914
.098
22, 977
2,800
7,871
1.627
i 1, 026. 8
i 276. 1
i 750. 7
33, 151
206, 867
663, 977
67, 999
.099
569, 695
66, 834
.100
715
6,861
1.894
53, 497
r
28, 144
56. 873
42, 350
73, 389
63, 302
20, 372
r
r 26, 529
28, 260
' 99, 562 140, 267
292, 259
153, 069
215,451
r 81, 199
15, 751
r 73, 562
482, 688
64, 163
.105
419, 822
43, 343
.105
356, 857
13, 024
.105
279, 413
13, 259
.104
162, 622
127, 364
.104
787
1,510
4,036
1.923
1,031
2,733
1.883
901
2,006
1.834
1,800
2, 423
1.790
.091
5,851
1.878
25, 138
5,995
5,129
1. 642
2
26, 192
21, 333
28, 407
' 287, 814
48, 928
53, 853
31,013
326, 926
65, 841
999. 1
2 34«. 4
2
650. 7
66, 140
214, 399
204, 220
166, 795
143, 643
177, 355
177, 369
167, 086
395, 043
157, 848
160, 577
206, 379
188, 379
715, 959
193, 663
168, 777
227, 821
211, 870
233, 527
59, 523
52, 129
•• 47, 718
42, 713
87, 437
74, 018
72, 738
42, 007
39, 469
29, 116
27, 458
2.520
2.401
2.444
2.408
2.532
2.435
2.476
2.440
2.537
2.384
2.305
2.421
2.448
2.343
2.191
2.348
2.475
2.307
2.213
2.313
2.464
2.330
2.287
2. 339
18, 762
82.3
372, 315
43, 558
19, 737
78.7
385, 312
45, 820
17, 258
72.5
337, 876
39, 919
18, 556
74.6
367, 000
43, 007
17, 115
72.0
341, 866
39, 948
18, 050
75.7
363, 091
42, 115
19, 679
75.7
395, 000
45. 882
1,867
' 2, 113
4,803
2,363
3,173
2,148
4,461
1,089
712
6.055
5.569
6.306
5.819
6.125
5.640
6.145
5.575
6.044
5.550
5.912
5.500
5.910
5.581
39, 472
158, 197
1, 205, 052
260, 104
197, 072
212, 742
256, 411
261, 313
253, 690
221, 548
999, 987
247, 318
15 494
12, 446
319, 150
137, 422
483, 642
19, 112
15, 799
19, 114
16, 487
19, 557
16, 367
282, 191
129, 357
335, 670
24, 140
19, 456
28, 958
24,608
2.440
2.209
2.163
2.285
2.420
2.210
2.144
2.285
2.366
2.179
2.127
2.243
2.385
2.224
2.204
2.268
2.460
2.346
2.329
2.355
2.493
2.402
2.455
2.414
2.602
2.476
2.529
2.507
21, 005
81.1
423, 000
48, 995
18, 802
83.5
375, 000
43, 714
18, 745
75.7
376, 000
43, 626
18, 433
78.5
378, 000
42, 810
19, 588
85.8
391,000
45, 449
22,244
88.4
441, 830
51, 519
1,308
4,931
1,422
1,127
1,369
5,011
2,011
5,912
5.162
5.975
5.150
5.730
5.244
5.738
5.284
5.925
5.480
85,886
.817
2
809
7,363
1.764
48, 301
r
269
2 99, 471
45, 302
248 865
61 948
6,568
i 84, 380
1
1,941
7,694
1.388
3,533
7,174
1.382
891
5,266
T
_ .200, 827
101, 052
217, 261
39, 259 •• 38, 603
34, 335
33,097
5.919
5.562
Revised.
* December 1 estimate.
September 1 estimate.
* NO quotation.
tRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 interior primary markets. The markets included are as follows: Chicago, Duluth,
Indianapolis, Kansas City, Milwaukee, Minneapolis, Omaha, Peoria, St. Joseph, St. Louis, Sioux City, and Wichita. Available data for earlier periods are as follows (thousands ofbushels):
January-December, 1948—532; 562; 1,039; 915; 879; 654; 1,679; 4,441; 2,578; 1,893; 2,341; 1,925; January-December 1949—936; 361; 868; 3,440; 995; 890; 3,121; 3,412; 1,261; 3,027; 4,343; 905; January-July
1950—428; 358; 485; 434; 1,173; 875; 1,774.
total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
SUEVEY OF CURRENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-29
1950
August
September
October
1951
November
December
January
February
March
April
June
May
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 Ib—
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 Ib..
Lambs, feeder, good and choice (Omaha) do
484
1,184
2, 054
239
488
1,196
505
1,151
' 2, 232
485
445
1,110
' 1, 698
251
433
1,160
1,827
183
374
887
1, 364
121
447
965
1,442
131
406
894
1,552
151
414
986
1,555
124
406
787
1,345
111
408
920
1,743
173
422
1,064
2,065
293
447
515
1,169
r 2, 802
763
30.09
26.90
32.00
30.57
26.90
32.88
30. 49
26. 92
31.70
31.41
28.46
32.38
33.03
29.45
32.38
34.10
31.88
35. 90
34.88
34.42
38.38
35.62
35.12
36.50
35.95
35.64
38.90
35. 71
34.29
37.25
35.68
32.83
38.31
35.75
31.61
37.40
36.39
32.59
36.75
3,626
' 2, 374
4,137
' 2, 457
5, 102
«• 2, 976
6, 144
' 3, 704
6,777
r 4, 018
6,584
4,070
4,159
2,713
5,117
3,061
4,989
3,060
4,952
3,080
4,700
2,856
3,826
2,630
4,236
2,765
r
r 2, 317
21.55
21.10
19.41
18.04
18.52
20.37
22.26
21.62
21.01
20.77
21.07
20.36
20.35
"•15.1
14.7
14.0
13.0
12.2
13.0
13.8
13.2
12.7
12.4
13.0
12.8
12.8
1,076
1,471
355
1,063
2,001
576
1,081
1,790
591
969
1,185
238
918
1,048
252
1,058
1,139
110
740
673
119
738
716
93
657
807
157
657
'956
258
811
964
164
863
1,076
168
889
1,310
492
27.12
27.42
27.62
28.50
28. 25
28.90
29. 50
29.22
31.38
30.77
34. 75
33. 62
38. 25
0)
40. 50
0)
39.25
0)
35. 50
(0
35. 00
0)
31. 75
0)
31. 50
31.34
1,478
469
31
1,621
457
27
1,809
603
36
1,948
840
56
1, 975
1,049
63
1,334
1,007
45
1,537
984
66
1,479
967
77
1,537
908
79
1,442
847
81
1,387
'748
84
1,488
639
704, 754
89, 485
1,829
686, 636
103, 894
1,561
669, 181
124, 307
783
650, 935
160, 544
791
686, 992
172, 291
1,172
527, 293
157, 531
924
576, 081
139, 378
467
537, 799
117,821
495
595, 451
106, 463
385
483, 836
96, 041
348
556, 897
r 94, 900
472
617, 158
106, 330
MEATS
Total meats (including lard) :
Production (inspected slaughter)
mil. of lb_.
1,449
Stocks, cold storage, end of month
. do
542
42
Exports
do
Beef and veal:
Production (inspected slaughter)
thous. of lb_. 696, 567
Stocks, cold storage, end of month
do
79, 919
Exports
do
1,831
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)©
dol. per l b _ _
.486
Lamb and mutton:
Production (inspected slaughter)
thous. of lb__
47, 225
Stocks, cold storage, end of month...
_do
5,998
Pork, including lard, production (inspected
slaughter)
thous. of lb_. 705, 016
Pork, excluding lard:
Production (inspected slaughter) __
do
519, 370
Stocks, cold storage, end of month _ _ do
303, 588
3,572
Exports
do
Prices, wholesale:
Hams, smoked (Chicago)
dol. perlb_.
.586
Fresh loins, 8-10 Ib. average (NewYork)-.do
.587
Lard:
Production (inspected slaughter)
thous. of l b _ _ 135, 697
Stocks, cold storage, end of month
do
75, 496
Exports
do
33, 126
Price, wholesale, refined (Chicago) ._ _dol. perlb..
.190
.576
.578
.491
.486
.493
.531
.533
.561
.576
.578
.583
.578
46, 674
6,486
47, 326
7,994
43, 293
9,416
41, 964
10, 479
50, 187
10, 072
36, 188
9,474
36, 529
7,727
32, 603
5,435
31, 457
5,862
35, 892
5,235
726, 906
886, 656 1, 096, 444 1, 255, 175 1, 237, 582
770, 708
924, 237
908, 712
910, 332
922, 354
791, 554
831, 556
547, 272
240, 544
3,284
665, 625
219, 758
3, 425
821,067
326, 300
5, 504
923, 638
499, 408
10, 403
896, 297
668, 007
9,591
570, 361
641,
565
r
7, 785
684, 025
648, 384
5,486
672, 100
654, 497
3,710
665, 162
616, 231
4,488
672, 784
572, 372
6,113
576, 759
' 496, 171
5,851
614, 815
393, 727
.551
.557
.482
.467
.498
.408
.536
.414
.571
.430
.579
.489
.573
.461
.553
.463
.559
.474
.565
.488
.565
.488
.567
.544
131, 253
58, 241
21, 653
.181
161, 749
52, 128
17,871
.165
r
200, 922
57, 794
25, 995
.178
242, 183
69, 857
38, 727
.197
249, 441
89, 321
47, 486
.215
146, 508
89, 433
32, 277
.218
175, 502
78, 352
55, 519
.213
173, 137
75, 171
66, 995
.203
179, 686
68, 639
68, 083
.198
182, 936
68, 754
67, 886
.200
157,111
r 46, 820
72, 030
.198
158, 700
35, 030
~~~.~I98~
39, 168
105, 179
.262
53, 859
140, 352
.239
72, 338
217, 999
.220
87, 741
269, 640
.232
82, 807
281, 972
.241
38, 436
284, 623
.272
27, 972
242, 023
.301
34, 806
192, 913
.324
35, 273
147, 203
.334
43, 097
125, 359
.314
52, 380
112, 369
.286
42, 360
r 106, 692
.269
46, 157
120, 286
.252
4,274
5,199
3,947
3,739
4,074
1,984
3,977
1,366
4,351
637
5,021
1,681
5,203
1,843
6,340
2,159
6,318
2,027
6,156
3,235
5,270
2,652
4,711
668
4,231
495
2,568
155, 369
1,558
133, 002
502
104, 378
61
75, 582
34
47,310
75
31,157
159
32, 712
309
62, 298
973
109, 253
2,083
162, 659
.412
.503
.560
.577
.577
.425
.449
.468
.475
.478
.517
.514
.595
53, 723
71,989
75, 588
68, 029
61, 906
61,844
56, 278
54, 027
46, 463
44, 604
40, 590
36, 937
49, 126
19, 849
.405
13, 494
.420
12,830
.372
14, 596
. 363
32, 204
.345
29, 648
.370
26, 482
.376
48, 483
.384
25, 526
.384
32, 373
.382
23, 778
.383
15, 636
.350
.355
1,687
1,095
719
2,099
1,721
999
797
1, 992
1, 684
974
768
1, 735
1,251
713
750
1,381
1,350
977
741
1, 348
1,362
1,033
728
2,224
1, 691
1,304
830
2, 129
1,447
934
952
2, 347
966
655
730
1, 456
1,281
847
707
1,485
837
572
639
1,317
985
521
500
1,253
1,419
888
549
.530
.519
.540
.551
. 555
.548
.545
.544
.536
.532
.536
70, 140
52, 982
56, 471
43, 530
165, 394
153, 625
158, 473
166, 105
ODesignated as "good" grade prior to January 1951.
29, 074
157, 722
28, 665
130, 880
38, 692
106, 834
43, 321
96, 367
57, 916
88, 803
67, 200
105, 944
68, 613
127, 351
146, 891
161, 628
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
_ _
thous. of Ib
Stocks, cold storage, end of month _ __ do
Price, wholesale, live fowls (Chicago) dol. per Ib
Eggs:
Production, farm.
_.
millions
Dried egg production
thous. of l b _ _
Stocks, cold storage, end of month:
Shell
thous. of cases. _
Frozen
thous. of Ib _ _
Price, wholesale, extras, large (Chicago)
dol. per doz_.
r
2,427
189, 980
38, 061
' 6, 211
39, 369
7,099
r 2 270
1,653
' 190, 818 176, 562
MISCELLANEOUS FOOD PRODUCTS
Candv, sales by manufacturers
thous. of dol
Cocoa:
Imports
long tons
Price, wholesale, Accra (New York)— dol. per lb._
Coffee:
Clearances from Brazil, total
thous. of bags..
To United States
_
do
Visible supply, United States
do
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per Ib—
Fish:
Landings, fresh fish, 5 ports
thous of Ib
Stock, cold storage, end of month
_ do
r
Revised.
l
No quotation.
.553
r
.561
r
r
r
r
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
February
January
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
_
do _ _
Refined sugar, total
From Cuba
Price (New York) :
Raw, wholesale
Refined:
Retail
Wholesale
Tea imports
__
__
do
do
dol. perlb__
--
dol. per 5 Ib
dol. per Ib
thous. of Ib
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter total
mil of Ib
Domestic:
Cigar leaf
-- - do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
-_
_mil. of Ib
Foreign grown:
Cigar leaf
do . _
Cigarette tobacco
do
Exports, including scrap and stems. _ thous. of Ib
Imports including scrap and stems
do
r
2,176
1,825
1,186
641
246
506
1,538
2,488
3,538
3,838
3,137
2,573
1,977
90, 775
731, 339
224, 624
129, 607
628, 737
237, 608
594, 565
450, 538
149, 352
866, 935
320, 519
131, 587
531, 464
203, 654
84, 803
111, 686
235, 737
21, 153
66, 422
553, 832
104, 596
40, 570
564, 059
164, 129
34, 751
567, 747
171, 703
18, 463
563, 138
260, Oil
47, 954
620, 832
284, 460
31,386
594 611
228 452
27 762
542 615
195 252
949, 970
945, 923
4,047
662, 336
653, 505
8,831
515, 189
504, 709
10, 480
523, 250
510, 224
13, 026
688, 617
681, 353
7, 264
653, 208
646, 583
6,625
556, 093
546, 803
9,290
533, 772
524, 495
9,277
532, 257 1,104,322
520, 335 1, 094, 004
11, 922
10, 318
824, 919
821, 213
3,706
519 795
511, 268
8 527
676 096
670 503
5 593
487
1,897
605
2,006
1,152
1,782
1, 768
5,012
1,836
7, 160
1,591
1,344
1, 612
1,978
1,722
3,933
1,285
21, 079
1,090
32, 922
1,217
10, 656
1,121
285, 133
175, 481
109, 643
271, 882
174 534
97, 342
316,218
230 304
81, 548
36, 834
36 534
29, 310
29, 168
35, 197
35 197
450, 722
390, 383
53, 542
353, 195
323, 203
25, 087
306, 359
275 485
25 876
52, 784
52, 267
25, 736
21, 132
.062
.062
.491
.080
8 787
.489
.081
8 752
r
T
T
168, 675
150 032
11, 103
134, 063
123, 431
8,401
247, 342
234 282
13, 029
12 109
11 895
396
286
400
21,011
20 910
21, 050
20, 600
.062
.062
.063
.061
482
081
12 733
480
.081
8 662
.480
.081
5 992
487
.081
7 536
r
Manufactured products:
Production, manufactured tobacco, total do_
23, 069
Chewing plug and twist
do
8,870
10, 267
Smoking
do
3,932
Snuff
-- do _
Consumption (withdrawals) :
Cigarettes (small):
4,009
Tax-free
millions. .
39, 126
Tax-paid
- do
587, 406
Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
thous. of l b _ _
23, 531
1,554
Exports, cigarettes
.millions
Price, wholesale (composite), cigarettes, f. o. b.,
7.056
destination
- dol. per thous
r
344, 935
266, 755
78, 165
r
r
344, 583
242 238
102, 344
r
r
40, 489
40, 489
39, 665
39 465
.060
.059
.058
.063
.066
.063
.060
.490
.081
7 067
.488
.081
9,627
501
.081
11 756
.480
.082
7 208
.482
.084
5 704
492
086
7 173
497
084
2
* 2 032
2 226
3 989
3,942
353
331
398
402
3,160
3,492
3,355
2,973
18
142
72, 980
8 078
68, 037
7 996
r 52, 666
6 765
16
150
r
45, 897
6,352
31, 550
8 543
20, 215
7,954
16
172
29, 448
8,020
32, 804
7,597
25, 718
8,733
17
180
26, 794
7 832
24, 068
8 018
21, 431
7 627
10, 601
3,203
23, 417
7 877
11,918
3,622
19, 063
6 884
8,894
3,285
14, 526
5,902
5, 626
2,998
19, 810
7 591
8,510
3,708
18, 150
7,069
7,789
3,293
19, 677
7,328
8,784
3,565
18, 706
6,674
8,732
3,299
20, 145
7 541
9,103
3,501
19, 581
7,475
8,897
3,209
15, 777
6 708
6.819
2,250
3,048
30, 846
503, 738
3,223
29, 738
553 776
2,837
29, 825
544 792
2,619
25, 000
374, 800
2, 344
33, 474
458, 877
3,003
28, 857
435, 074
2,600
30, 160
455, 351
3,159
29, 524
444, 006
3,996
32, 776
478, 693
3,463
32, 474
502, 592
2,444
29, 739
421, 758
3,499
35 601
533 739
20, 851
1,181
22, 322
1,043
18, 591
1,061
13, 498
1,053
20, 360
1,235
17, 765
1,153
18, 423
1,564
18, 451
1,381
19, 272
1,401
19, 091
1,404
15, 806
1,140
21, 551
7.056
7. 056
7. 056
7. 056
7.056
7.056
7.056
7.056
7.056
7.056
7.056
7.056
24, 817
416
564
3,477
1,471
17, 555
312
156
2,743
1,110
20, 247
218
222
2,976
1,533
18, 237
203
175
3,230
1,594
22. 300
285
280
3,616
1,655
23, 642
195
512
2,755
1,949
29, 895
355
432
3,137
1,423
.680
.377
.625
3.365
.672
3.357
.720
3.330
.790
3.330
.720
3.330
.475
3.330
3 672
46, 762
10, 407
••377,243
294, 025
83, 189
r
1,818
16, 218
3 571
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skinsj
thous. of Ib
Calf and kip skins
thous. of pieces
Cattle hides:}:
.
do
GoatskinsJ
do
Sheep and lamb skins
__ _
do
Prices, wholesale (Chicago):
Calfskins, packers', under 15 lbs__
dol. per l b _ _
Hides, steer, packers', heavy native
do
36, 447
346
532
3,411
3, 276
.560
.309
' 29, 718
411
'387
2,816
1,389
.575
.331
33, 641
357
373
3,934
3,169
.575
.322
r
28, 027
382
294
3,463
2,359
.605
.346
r
19, 593
186
272
3,000
1,640
.662
.358
3
.420
3.305
LEATHER
Production:
921
904
962
993
860
870
1,052
805
619
574
459
930
Calf and kip
thous of skins
r
2,249
2,046
2,204
1,542
2,084
2,193
2,298
1,916
2,220
1,956
1. 878
2,301
Cattle hide
thous. of hides
r
3,319
3,019
3,196
3,435
3,205
3,502
1,986
3,260
2,869
3,100
2,917
2, 620
Goat and kid
- -thous. of skins
2,705
2,856
2,546
2,333
2,831
2,492
1,968
1,835
1,478
3,373
2,868
1,480
Sheep and lamb
- __do
Exports:
Sole leather:
14
132
53
5
38
12
17
56
32
22
30
83
Bends, backs, and sides
. _ _ thous. of lb._
24
21
32
95
9
14
78
32
43
86
Offal including belting offal _
do
17
48
3,284
2,051
2,283
2.848
2,944
2,440
2,776
2,087
1,368
1,577
2,417
1,833
Upper leather
thous. of sq. ft
Prices, wholesale:
.782
.864
.911
.703
.625
.657
.926
.911
.911
.598
.833
.911
Sole, bends, steer, f. o. b. tannery
dol. per lb._
.784
Chrome calf, black, B grade, composite
1.174
1.204
1.229
1.239
1.134
1.154
1.166
1.229
1.235
1.235
1.235
1.152
dol. per sq. f t _ _
1.070
r
1
2
3
Revised.
December 1 estimate.
September 1 estimate.
Composite price; the January figure, comparable with the earlier data, is .400.
^Revisions for 1950: Total hides and skins (thous. of Ib.)—February, 20,432; April, 18,683; May, 20,813; cattle hides (thous. of pieces)—February, 162; April, 122; goatskins (thous. of pieces)—
May, 4,279
SUEVEY OF CUEEENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-31
1951
1950
Septem-
August
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
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 uppers:d*
All leather
do
Part leather and nonleather
do
By kinds:
Men's
do
Youths' and boys'
do
Women's
-do
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear
do
Athletic
do
Other footwear
do
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 oxford (nurses'), rubber toplift*.do
48, 770
43, 928
44, 083
38, 236
35, 894
44, 885
42, 380
46, 176
38, 732
37, 392
36, 669
31, 757
41 824
37 355
36 720
32 285
32 588
41 451
38 862
42 009
34 715
33 468
32 782
27, 929
38, 671
3,011
34, 483
2,706
33, 942
2,761
29, 971
2 313
30, 239
2 401
37, 272
3, 106
35, 357
3 439
37, 785
4 154
30, 638
4 077
29, 480
3 988
28,905
3,877
25, 020
2,909
9, 519
1,777
22, 300
5,267
2,961
6, 199
355
392
256
9,155
1,689
18, 810
4 807
2,894
5 783
363
427
275
9,278
1,607
17, 677
4,941
3,217
6,630
339
394
333
8,623
1,317
14, 784
4,601
2,960
5,362
316
273
280
8,175
1,193
15, 309
4 874
3,037
2,858
273
175
196
10, 023
1,250
20, 689
5,937
3,552
2,913
277
244
244
9,337
1, 155
19, 634
5,487
3,249
3 017
278
223
279
10, 598
1,235
21, 176
5 553
3,447
3 552
339
276
401
9,304
1,025
17,316
4,207
2,863
3,478
299
240
338
9,703
1,199
15, 453
4,204
2,909
3,391
255
278
307
9,214
1,284
15, 380
4,289
2,615
3,412
211
264
247
6,873
1,132
14, 689
3,308
1,927
3,419
152
257
197
10.045
7. 150
5.710
10. 131
7.225
5.850
10. 388
7.350
5.760
10. 388
7.750
5.700
10. 682
7.975
5.700
11.368
8. 560
5.920
11. 760
8.800
6.250
11. 760
8.800
6.250
11. 760
8.800
6.250
11. 760
8.800
6.250
11. 466
8.688
6.250
11. 368
8.350
6.250
11. 368
8. 350
6.250
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports total sawmill products
M bd f t _ _
Imports total sawmill products
do
National Lumber Manufacturers Association:
Production total
mil bd. ft
Hardwoods
do
Softwoods
- do
Shipments total
do
Hardwoods
do_ _ _
Softwoods
do
Stocks, gross (mill and concentration yards), end
of month total
mil bd. ft
Hardwoods
do
Softwoods
do
37, 772
339, 223
40, 658
374, 905
39, 397
394, 922
53, 109
264, 418
66, 416
240, 623
54, 733
204, 748
70, 157
179, 627
75, 971
230, 218
64, 934
232, 287
83, 538
213, 085
93, 155
204, 938
95, 844
220, 964
3, 950
829
3,121
3,758
780
2,978
3,717
848
2,869
3,637
778
2,859
3,687
829
2,858
3,553
791
2,762
3,356
776
2,580
3,285
743
2,542
3,009
705
2,304
2,878
651
2,227
3,005
713
2,292
3,199
705
2,494
2,763
634
2,129
2,884
688
2,196
3,288
776
2,512
3,448
788
2,661
3,469
760
2,709
3,454
786
2,668
3,793
806
2,987
3,474
692
2,782
3,660
837
2,823
3,171
632
2,539
3,147
767
2,380
2,741
572
2, 169
3,584
767
2,817
3,231
594
2,637
6,361
2,099
4,262
6,441
2,168
4,273
6,555
2,203
4,352
6,645
2,237
4,408
6,763
2,291
4,472
6,552
2,299
4,253
6,431
2,244
4,187
6,285
2,233
4,052
6,300
2,207
4,093
6,584
2,321
4,263
7,111
2,526
4,585
7,543
2,720
4,823
7,870
2,893
4, 977
989
1,044
1,083
921
778
17, 461
5, 324
12, 137
848
896
1,009
996
790
17, 087
6,796
10, 291
832
754
1,007
974
806
19, 555
6,661
12, 894
940
734
909
960
766
23, 221
9,043
14, 178
969
733
860
840
773
33, 574
13,769
19, 805
1.085
1,006
913
942
732
25, 272
6,981
18, 291
734
942
817
798
752
37, 104
6,977
30, 127
1,008
925
904
1,025
631
36, 536
11, 421
25, 115
963
890
978
998
611
36, 743
11, 784
24, 959
966
889
1,045
1,012
607
43, 359
13, 792
29, 567
742
704
954
882
717
48, 441
12, 010
36, 431
737
644
708
656
795
37, 864
11, 682
26, 182
867
509
987
926
830
87. 050
88. 953
86. 940
79. 026
78. 090
i 82. 032
i 83. 377
i 83. 902
i 83. 943
i 83. 657
126. 063
128. 922
129.933
130. 458
132. 397
131. 635
i 131. 720
844
488
831
932
760
414
790
834
751
391
815
774
624
320
778
695
633
361
709
592
905
486
732
780
651
452
652
685
785
449
769
788
678
392
762
735
689
331
816
750
605
299
695
637
619
286
677
632
742
329
707
699
1,320
8,324
2, 445
5,879
1,276
5,501
1,544
3,957
1,317
6,976
2,270
4,706
1,400
10, 607
3,051
7,556
1,517
10, 571
2,527
8,044
1,469
9,328
2.108
7,220
1,436
8,224
1,813
6,411
1,417
12, 061
3,405
8,656
1,444
9,087
1, 573
7,514
1,510
10,695
3,457
7,238
1,568
9,329
2,589
6,740
1,613
20, 652
3,791
16, 861
1,621
SOFTWOODS
Douglas fir:
Orders new
-do
Orders unfilled end of month
do
Production
do Shipments
do
Stocks gross mill end of month
do
Exports, total sawmill products
M bd. f t _ Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4" x 16'
dol. per M bd. ft-_
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd. ft-_
Southern pine:
Orders new
mil bd ft
Orders unfilled end of month
do
Production
do
Shipments
- - - _- _
do_
Stocks, gross (mill and concentration yards), end
of month
- mil. bd. ft.
Exports, total sawmill products
M bd. f t _ Sawed timber
do
Boards planks scantlings etc
do
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12'
dol. per M bd. f t _ _
Flooring, B and better, F. G., 1" x 4" x 12-14'
dol. per M bd. f t _ _
Western pine:
Orders new
mil. bd. f t _ _
Orders unfilled end of month
do
Production
do
Shipments
___
_ _ do
Stocks gross, mill, end of month
_ _
do
Price, wholesale, Ponderosa, boards, No. 3 common 1" x 8"
_ dol. per M bd. ft_
1
i 132. 700 i 132. 700
r
r
* 82. 268
i 132. 700 * 132. 700
r
1
* 82. 068
1131. 998
1
81. 935
130. 618
81. 773
87. 225
82. 954
79. 027
78. 822
79. 893
80. 173
80. 533
80. 037
79. 182
78. 298
77, 606
77, 453
148. 405
154. 295
153. 204
153. 204
152.515
152. 286
150. 448
150. 920
149. 836
149. 210
149. 210
149. 210
149. 210
851
823
879
806
1,447
766
804
771
734
1,484
747
786
735
721
1,498
617
765
616
606
1,515
619
770
500
564
1,451
583
749
388
502
1,337
456
725
406
445
1,298
565
709
548
541
1,305
683
731
659
630
1,334
740
742
792
701
1,427
763
754
847
723
1,551
724
734
741
644
1,648
749
701
801
716
1,733
74.69
78.68
81.38
82.52
84.47
83.73
84.51
85.35
87.07
86.45
85.73
84.13
81.68
do
do
244, 051
237, 558
60, 695
229, 340
233, 608
56, 721
250, 782
249, 789
58, 498
243, 761
243, 149
57, 703
233, 634
243, 319
47, 747
265, 090
252, 975
59, 039
255, 408
247, 892
66, 156
279, 415
283, 104
60, 610
264. 094
263, 884
59, 080
285, 278
275, 490
65, 801
M bd. ft _
do
do_ __
do
do
11, 650
19, 575
5,825
7,500
4,075
5,950
19, 675
5,375
6, 100
3,425
5,475
19, 100
5,900
5,750
3,570
5,400
19, 600
5,650
5,500
3,775
4,700
18, 900
5,700
5,125
4,250
7,700
20, 400
5,950
6,250
4,075
6,225
21, 025
5,750
5,300
4,575
5,200
20, 550
5,800
5,875
4,550
5,075
20, 000
5,700
5,425
4,875
3,775
19, 025
5,400
4,850
5,325
SOFTWOOD PLYWOOD
Shipments
Stocks end of month
r
281, 340
' T280, 908
65, 529
195,316
179,299
80, 343
4,300
17, 350
5, 550
5,300
5,675
3, 675
16,975
4,050
4,000
5, 600
HARDWOOD FLOORING
Maple, beech, and birch:
Orders new
_ _
Orders unfilled end of month
Production
Shipments
Stocks, mill, end of month
4,550
15, 650
5,450
5,200
5,850
' Revised. J Beginning January 1951, the substituted price is based on quotations from a smaller number of companies.
d"The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available by
types of uppers.
§Excludes "special category" items.
.
*New series. Data are compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data, beginning 1947, are available upon request.
SUKVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
January
February
April
March
May
June
July
August
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING— Continued
Oak:
Orders, new
Orders, unfilled, end of month
Production
__ _
Shipments
Stocks, mill, end of month _
M bd ft
do __
do. _
do
__ _
do __
__
99, 968
104, 163
99, 237
103, 947
17, 267
82, 785
96, 413
91, 059
90, 535
17, 791
71,035
83, 098
93, 879
93, 131
18, 539
62, 778
68, 884
93, 040
86, 031
25, 548
67, 553
68, 155
81, 885
73, 944
33, 489
113,234
91, 658
90, 435
89, 731
34, 199
83, 274
93, 512
79, 419
78, 129
35, 489
81,813
92, 804
93, 657
90, 960
38, 186
68, 904
82, 647
87, 050
81, 866
43, 370
65,806
65, 620
94, 499
85, 922
51, 947
51, 757
53, 093
81, 269
71, 488
61,728
65, 721
54, 740
71,301
69, 053
63, 976
296, 948
21, 337
377, 895
19, 086
280, 866
15, 063
295, 089
14, 102
287, 235
23, 004
315, 363
28, 993
83, 288
57, 246
83, 699
80, 782
64, 635
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
252, 086
12, 537
299, 929
121, 140
281, 102
29, 006
256, 874
94, 601
263, 097
21,122
451, 097
123, 831
283, 137
25, 808
467, 063
128, 456
260, 925
16, 479
482, 903
106, 044
305, 897
9,766
479, 284
66, 902
267, 309
18, 339
403, 146
46, 017
353, 346
19, 683
403, 028
54, 489
299, 794
22, 651
387, 593
22, 260
5,826
3,078
2 748
5,816
1 699
4,117
5,790
3,026
2, 764
5, 767
1,711
4,056
6,320
3, 288
3,032
5,805
1 667
4,138
5,929
3,019
2,910
5,475
1, 560
3,914
6,004
3,092
2,912
5,240
1,490
3,751
1 6, 692
i 3, 321
i 3, 372
i 5, 462
i1 1, 337
4, 125
5,978
2, 963
3,015
4.948
1,301
3,647
6,930
3, 457
3,473
4,431
1,220
3,211
6,707
3,331
3,375
4,215
1,104
3,111
14, 478
15 012
8,154
13, 887
14, 514
7,527
12, 999
13,419
7,107
7,401
9,017
5,490
3,362
2,997
5,856
3,812
2, 183
7,476
3, 315
2,028
8,762
3,525
2,453
9,829
8,795
8,837
9,757
14, 362
14, 990
9,128
14, 932
15, 783
8,277
15,103
16, 251
7,129
12, 482
7,371
29, 966
26, 084
3,881
852
12,191
7,175
35, 716
31,388
4,328
928
11,380
7,415
39,711
35, 651
4,059
964
6,993
6,861
41, 543
36, 919
4,624
735
873
7,289
37, 169
31,771
5,398
386
0
7,327
30, 227
25, 658
4,569
620
0
6,435
24, 123
20, 324
3,799
573
0
7,372
17, 335
14,919
2,417
661
6,211
7,235
15, 072
13, 258
1,813
741
12, 664
7,761
19, 772
17, 696
2,075
834
13, 166
7,499
26, 423
23, 731
2,692
1 242
13, 574
7,556
33, 142
29 299
3,843
1,089
55
70
67
57
88
59
69
81
83
49
81
52
1,670
1,202
677
1,794
1,159
649
1,840
1, 255
701
1,930
1,161
657
2,012
1, 182
653
i 2, 392
1, 234
i 685
i 2, 390
i 1, 440
i 818
i1 2, 337
1,363
i 767
i 2, 229
* 1, 397
1
796
i 2, 162
ir 1l 309
743
i1 2, 208
1, 029
J568
132, 374
86, 021
50, 019
152, 583
82, 479
46, 927
160, 278
89, 968
50, 157
180, 099
85, 163
48, 670
194, 950
91,510
51,091
277, 778 r l 258, 144
101 345 r i 94,376
i 61,918 r i 57,176
1263,017
1
76 826
1
45, 072
5,770
5,752
5,697
5,703
5,924
5,845
5,387
5,395
5,693
5,676
1,427
1,408
1,303
1,465
1,481
47 48
46.00
49.50
47 95
46.75
49.50
49 86
49.00
49.50
50 53
49.00
49.50
53. 19
51. G3
52.50
128, 369
94,413
24, 922
134, 574
96, 738
25, 295
149, 558
109, 660
30, 048
145, 929
108, 263
30, 775
155,258
113, 692
34, 061
547, 552
483, 840
63, 712
123, 608
99 605
24, 003
620, 407
530, 689
89, 718
122, 408
97, 753
24, 655
643, 119
549, 214
93, 905
136, 737
107 666
29, 071
656, 586
560, 354
96, 232
130, 286
102 511
27, 775
673, 823
562, 239
111,584
127, 784
97, 786
29, 998
708, 784
595, 875
112,909
138,413
108 842
29, 571
781, 234
636,611
144, 623
128, 799
97 448
31,351
874, 598
697, 335
177, 263
160, 917
118 039
42, 878
924, 202
736, 701
187, 501
153, 947
112 074
41,873
948, 636
746 774
201,862
156, 340
114 096
42, 244
8,242
97
8,205
99
8,753
102
8, 023
97
8, 355
98
8,843
100
7, 766
97
9,071
102
8,841
103
9 094
103
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:
Mine production
_ _ thous. of long tons
Shipments
do
Stocks, at mines, end of month
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption by furnaces___ L
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 _
1
6, 828
i1 3, 370
3, 458
i 4, 154
i 1, 123
i 3, 031
1
1
1
6, 377
3, 187
3, 190
M,
112
1
1,170
1
2, 941
13, 229
7, 699
39, 920
35 057
4 863
Pig Iron and Iron Manufactures
Castings, gray iron:§
Orders, unfilled, for sale
thous. of short tons
Shipments, total
do
For sale
___ _
__. _ _
do
Castings, malleable iron:§
Orders, unfilled, for sale.. __ _ _
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_._
1
1
1
2, 298
1,364
1
762
1
234, 060 * 1255, 347
92, 508 1 88 950
54, 817
54, 915
1
1
1
1
r
r
i 270,091
i 102,173
60,771
r 1
5,894
6,011
5, 176
1 5, 292
6, 016
i 6, 054
1, 780
i 1, 700
i 1, 623
53 58
52.00
52.50
53 58
52.00
52.50
53 58
52.00
52.50
r
i 279,561
i 97,921
i 58,199
r
r
1
1
r
rl
rl
r
6 173
6, 184
5,888
5, 914
1
1, 603
i 1, 613
i 1, 633
53 61
52.00
52.50
53 61
52.00
52.50
53 61
52.00
52.50
1
5 978
5, 989
6,070
6 063
53 61
52.00
52.50
53 62
52 00
52. 50
Steel, Crude and Semimanufactures
Steel castings: §
Shipments, total
short tons
For sale, total. _ _
do
Railway specialties __ . _ _
do
Steel forgings, for sale:
Orders, unfilled, total
do
Drop and upset
_
do
Press and open hammer
do
Shipments, total
_
do
Drop and upset
do
Press and open hammer __
do
Steel ingots and steel for castings:
Production
__ __ thous. of short tons
Percent of capacityj
Prices, wholesale:
Composite finished steel
dol per Ib
Steel billets, rerolling (producing point)
dol. per long ton__
Structural steel (Pittsburgh)
dol. per l h _ _
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton._
1
1
174, 056 i 163, 976
124,002 i 117, 156
41, 586 i 41, 754
1
1
190, 365 i 181,908
i 1134, 184 1 129, 059
43, 320 i 40, 818
rl
rl
188 956 rr 1 184 424
130, 826 i 131,219
i 39 194 r i 41,605
8 657
101
1 146, 463
100, 141
1
27, 235
1
8,679
98
8 734
99
0438
0438
0438
0438
0461
0468
0471
0471
0471
0471
0471
0471
0471
59. 36
.0375
59. 36
. 0375
59. 36
.0375
59. 36
. 0375
62. 72
. 0400
62.72
.0400
02. 72
. 0400
62. 72
.0400
62. 72
.0400
62.72
.0400
62.72
.0400
62.72
.0400
62. 72
.0400
43.60
44.00
44.00
44.00
46. 50
47. 75
46. 63
45. 00
45.00
45.00
45.00
45.00
45.00
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
9,024
7,138
7,182
7, 532
8,049
9,517
9,938
10, 614
10, 660
10,451
Orders, unfilled, end of month
thousands..
10, 735
10, 066
9, 076
2,704
2,435
2, 604
2,588
2,517
2, 766
2,384
Shipments
do
2,313
2,762
2,605
2,632
2,366
2 781
25
36
49
32
32
50
52
48
42
47
Stocks, end of month
do
28
31
31
T
!
Revised.
See note marked "§".
§Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.
JPercent of capacity is calculated on annual capacity as follows: Data beginning January 1951, on capacity as of Jan. 1 of 104,229,650 tons of steel; 1950—July-December, on 100,563,500 tons
(as of July 1).
SURVEY OF CURRENT BUSINESS
October 1951
S-33
1950
August
September
October
1951
November
December
January
February
March
April
May
June
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
FoocL, _
_ _ 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 a n d tubes ___
do
Plates
do
Rails
do
Sheets
do
Strip— Cold rolled
do
Hot rolled
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products
_ _do
551, 451
395, 266
156, 185
498, 369
1,527
36, 613
431, 161
310,916
120, 245
382, 891
1,451
30, 291
349, 858
230, 772
119, 086
313, 218
1,520
28, 758
301,350
192, 709
108, 641
265, 628
1,330
29, 260
352, 487
235, 523
116, 964
320, 501
1,275
26, 807
271, 782
160, 492
111,290
234, 285
1,485
30, 925
239, 543
148, 689
90, 854
203, 920
1,344
29, 040
268, 022
164, 956
103, 066
224, 124
1,536
34, 006
276, 145
169, 462
106 683
234, 605
1,485
31,453
308, 227
206, 185
102, 042
259, 347
1,404
30, 282
309, 213
218, 700
90, 513
266, 927
1,313
28, 461
346, 274
263, 683
82 591
308, 308
1,008
26 861
6,326
674
169
282
801
454
158
1,756
170
214
343
467
495
6,145
689
151
269
770
482
154
1,697
159
210
355
424
433
6,504
753
159
307
740
542
147
1,839
172
228
374
388
495
6,051
671
152
280
648
540
131
1 673
170
196
389
376
484
6,433
732
152
336
717
551
140
1 843
178
207
365
401
452
6,905
767
155
320
744
631
158
1 977
184
237
409
408
510
5,776
644
141
258
631
522
115
1 641
167
197
353
299
442
7,105
792
161
306
824
681
160
1,937
189
238
452
397
524
6,635
736
141
272
757
653
162
1 821
184
217
412
361
495
6,939
787
162
293
801
716
166
1,847
187
204
430
396
513
6,646
734
152
292
770
685
161
1,739
180
173
409
425
493
5 989
689
151
303
681
653
146
1 617
128
146
397
347
345
63, 006
215, 129
59, 449
215, 964
62, 915
149, 449
62, 276
203, 639
65, 897
250, 187
67, 954
236, 515
62, 740
228, 436
70, 022
222, 030
67, 701
223, 503
67, 721
180, 141
67, 454
272, 903
72 698
284, 318
.0985
.1107
.1388
.1541
.1575
.1575
.1575
.1600
.1723
.1725
.1725
.0775
208.9
39.9
169.1
113.0
.342
207.4
42.1
165.3
110.2
.363
210.1
47.3
162 8
106.8
.369
197.2
46.8
150 4
99.7
.378
199.0
46.0
153 0
101.6
.378
210.3
42 5
167 8
113 1
.378
i 190. 5
40.8
1
149 7
95.6
.378
i 206. 6
42.2
1 164 4
101.0
.378
i 192. 2
40.2
1
152 0
94 7
.378
1 185. 5
40.5
i 145 0
91.8
.377
i 182.3
36.0
1
146 4
88.6
.373
1 159. 8
27 4
1 132 4
82 7
.373
80, 222
76,666
77, 800
81, 957
81, 712
80, 352
73, 012
83, 104
82, 554
83, 814
r
r
1,118
33, 638
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
short tons
Imports, bauxite
long tons. .
Price, wholesale, scrap castings (N. Y.)
dol. per lb__
Aluminum fabricated products, shipments,
total
mil. of lbs__
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) :
Mine production _ _
short tons
Receipts by smelters, domestic ore. _ _ _ do
Refined (primary refineries):
Production
do
Shipments (domestic).
do
Stocks, end of month
do
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb__
Imports, total, except mfrs. (lead content)
short tons_
Tin:
Production, pig
long tons
Consumption, pig .
... .do
Stocks, pig, end of month, total§
do
Government§
do
Industrial
. do
Imports:
Ore (tin content)
do
Bars, blocks, pigs, etc
do
Price, wholesale, Straits (N. Y.)
dol. 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. per lb_.
Imports, total (zinc content).
short tons..
For smelting, refining, and export
do
For domestic consumption:
Ore (zinc content)
do
Blocks, pigs, etc .
do. _.
75, 910
93, 138
108, 465
112, 107
50, 952
12, 230
33, 576
8,204
25, 372
.2227
86, 678
111,842
119, 529
58, 748
12, 035
36, 298
8,625
27, 673
.2290
90, 542
110, 435
121,806
56, 945
11,925
62, 645
33, 901
28, 675
.2420
90 148
101,410
111 985
51,805
12, 226
39, 172
18 664
20, 382
.2420
91 218
109, 464
121 954
49, 040
20, 905
54, 807
26 912
27, 895
.2420
86 961
110 144
108 128
54 883
8,729
45 831
25 866
19 965
.2420
81 598
101,054
99 485
59, 324
16, 027
44, 850
22 005
22, 845
.2420
91 243
112, 933
116 793
55, 609
14, 457
36, 062
20 952
15, 110
.2420
90 794
103 494
114 744
52 800
17, 652
43 812
24 047
19 765
.2420
96 541
113,513
118 113
60, 896
14, 041
46, 622
24 893
21, 729
.2420
36, 030
34, 952
35, 104
36, 912
35, 731
35, 394
35 377
34, 069
36 175
36, 099
35 481
33, 965
33 870
31, 977
37 096
36, 040
33 587
34 618
34 005
33, 198
32 681
32, 244
47, 242
47, 031
67, 495
49 958
55, 898
61,042
54 123
62, 138
50, 854
50 725
58, 658
40, 910
48 234
49, 601
35, 619
48 878
51 260
33, 232
43 675
49 128
27, 775
50 701
50 927
27, 259
44 352
42 033
29, 437
44 951
40 963
33, 420
87, 103
105, 127
114, 103
60, 912
13, 162
48, 626
30 606
18, 020
.2420
'75,437
r
44 864
44 404
33, 504
31 756
40 252
24, 997
. 1700
.1604
.1700
.1700
.1700
.1700
.1700
.1700
.1700
.1700
.1700
45, 052
61, 040
114, 698
31, 526
12, 898
14, 918
21, 628
11, 201
18, 389
11, 527
3,653
7,059
42, 020
17 486
23, 666
2
3 529
6,678
42 697
18 554
22, 931
2
3 383
6,799
40 995
18 618
21, 931
2
3 566
6,456
38 840
17 786
20 728
2
3 423
4,976
37 933
17 753
19 352
2
3 491
5,152
38 159
18 151
19 676
2
3 395
4 984
36 232
17 753
18 244
2
3 420
5, 295
35 446
19 906
15 435
2
2,994
5, 093
32, 091
18 105
13,917
18 944
4,266
8,254
1.0205
3 882
5,136
1.0129
3, 130
6,259
1. 1335
1 618
5,008
1.3768
3 789
4,019
1. 4478
4 545
5 836
1.7172
2 927
2 213
1. 8268
2 753
4 405
1. 4546
2 204
2 273
1. 4583
1 334
1,203
1.3996
56, 221
54, 794
55, 791
54, 604
55, 127
59, 651
56, 878
60, 670
56, 467
58, 233
73, 399
79, 365
69, 073
14, 451
71.057
75, 241
70, 656
10 267
79, 997
81, 156
71, 596
9 108
79 226
79, 079
69, 202
9 255
79 986
80, 357
72 333
8 884
80
79
72
10
937
609
068
212
70 285
69, 380
64 784
11 117
80 450
80, 462
70 845
11 105
77
74
69
14
862
419
125
548
80 430
77, 567
73 093
17 411
77 679
79, 299
74 149
15 791
78
83
76
11
. 1505
58, 685
2,147
.1710
35, 137
0
.1750
39, 456
6,169
.1750
34, 150
0
.1750
31, 799
596
.1750
37, 163
3 292
.1750
23, 519
3 100
.1750
26, 375
3,720
. 1750
23 938
2 263
.1750
31, 684
2 269
.1750
42 834
2 878
. 1750
34 413
3 057
43, 921
12, 617
19, 724
15, 413
20, 446
12, 841
20, 665
13, 485
20, 001
11, 202
25 307
8,564
15 594
4,825
15 292
7,363
10 925
10, 750
13 599
15, 816
31 723
8,233
23 773
7 583
r
72, 075
39 952
40,041
33, 308
.1580
2
187. 5
35 5
151 9
91 5
.375
29 668
29 280
41, 821
3, 130
7,092
41, 442
17 804
22, 587
1
30 491
29 920
.1293
2
. 0775
1
r 82 577
73 977
93 258 i 79 613.
105 063
101 095
68 045
70 812
13 220
46 606
32 391
14 215
.2420
.2420
50, 403
2,717
8,157
2 43, 717
19, 623
21, 910
73, 816
2 924
1,868
1. 1805
2 663
2 321
1. 0600
1. 0300
56, 473
* 53, 379
55, 602
955
346
461
400
74
74
65
11
035
191
696
244
. 1750
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square):
Shipments
thous. of Ib.40, 329
40, 153
38, 488
21, 262
25, 754
17, 399
19, 458
10 443
19, 456
12 770
12 898
11 461
Stocks, end of month .
do
72, 295
48, 885
58, 577
51 520
52 712
48 483
48 763
57 400
67 150
80 306
86 777
87 101
Radiation:
Shipments
thous. of sq. ft_.
6,449
4,372
5,714
5,798
5,127
4,675
4,311
4,658
3,550
2,413
2,284
2,220
Stocks, end of month
do
3,200
4,846
4,020
2,766
2,951
3,099
3,028
4,842
6,805
3,717
8,699
9.024
r
1
Revised.
Data beginning February 1951 include figures for 30 companies (which operate captive extruding departments)
not previously canvassed; for February, the shipments by
2
the additional companies increased total shipments for fabricated and wrought products 3 and 4 percent, respectively.
Includes small amount not distributed.
§ Government stocks represent those available for industrial use.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
September
August
October
November
December
January
February
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
HEATING APPARATUS— Continued
Boilers, range, shipments
__
number _
Oil burners:
Orders, unfilled, end of month _ _
_ do_ _
Shipments
do
Stocks, end of month
do
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
number
Coal and wood
do
Gas (incl. bungalow and combination) do
Kerosene, gasoline and fuel oil
do
Stoves, domestic heating, shipments, total
do
Coal and wood
do
Gas
do
Kerosene, gasoline, and fuel oil
do
Warm-air furnaces (forced-air and gravity-air flow),
shipments, total
number
Gas
do
Oil
do
Solid fuel
do
Water heaters, nonelectric, shipments
do
43, 552
38, 920
44, 748
40, 689
43, 869
41, 104
35, 807
42, 122
47, 407
47, 218
43, 174
28, 467
146, 922
138, 587
38, 747
118, 930
115, 780
37, 468
82, 903
114,041
38, 411
65, 496
70, 285
44, 482
57, 837
60, 180
51, 564
65, 856
63, 833
61, 006
62, 963
58 550
64, 586
56, 894
55 421
69, 485
53, 729
46 877
75, 071
52, 592
41 984
88, 512
48, 487
47, 219
91, 674
53, 854
44, 570
94, 365
376, 637
21, 045
333, 439
22 153
323,
16
288,
18
636
157
809
670
338,
14
309,
13
625
827
846
952
295,
11
270,
13
344
187
613
544
263,
9
237,
16
729
990
001
738
290,
12
261,
16
243, 574
8 447
225, 879
9 248
195, 121
7 911
178, 490
8 720
147, 757
9,201
129, 107
9 449
131,
6
116,
8
785
172
321
291
350
497
487
366
658
173
277
207
807
145
940
722
610,
145,
290
174
766
742
932
092
464
109
243
110
490
658
948
884
327
69
171
87
637
393
182
062
145 512
76 463
45 644
23 405
322' 909
139
74
44
19
280
014
241
980
793
683
137
67
51
19
286
915
036
285
594
907
102
50
36
14
257
001
336
988
677
999
85
45
29
9
250
407
666
917
824
134
374
136
793
445
r
281, 362
10, 939
255, 112
15 311
318,
12
290,
14
235 580
44, 719
112 939
77 922
270
50
128
90
429
814
797
818
311 433
62, 291
159 485
89 657
285
55
164
65
184
400
258
526
286
66
131
88
878
439
847
592
286 533
69, 997
141 063
75 473
350 491
77, 824
158 146
114, 521
71
36
26
8
266
71 966
35 969
24 957
11 040
254' 525
79, 239
41 180
24 584
13 475
265 122
60
30
19
10
235
337
033
616
688
355
56
26
19
10
200
282
897
227
158
599
r
55, 045
23 500
21, 783
9 762
127, 046
143
398
639
106
442
455
714
989
752
61 910
28 232
22 114
11 564
163 220
r
r
695
313
952
430
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders
thous. of dol
Unit heater group, new orders
do
Foundry equipment (new), new orders,
net
1937-39=100
Furnaces, industrial, new orders:
Electric
thous. of dol
Fuel-fired (except for hot rolling steel) _ _ do
Machine tools:
New orders
1945-47=100
Shipments
_ __
_ do_ _.
Mechanical stokers, sales:
Classes 1, 2, and 3 _ _
number.
Classes 4 and 5:
Number
Horsepower
Pumps, steam, power, centrifugal and rotary, new
orders
thous of dol
32, 471
17 870
35, 839
14, 583
37, 055
17 112
32, 524
17 667
693 6
483 8
526.8
885 5
526 2
668 0
638 6
599.0
490 1
431.7
393.2
390.3
404.5
1,039
3,927
1 485
1,817
1 603
2 306
2 157
2 068
1 505
2 749
2 764
4,033
3 212
4 670
4 846
7,019
3 657
8 497
4 766
5 044
3.370
6,279
5,363
5,508
3,891
4,850
305.1
95.7
280.6
101.6
289.6
100.9
291 9
110.9
410 1
135 7
475.4
114.3
615 5
123.8
590.3
158.9
516 1
157.7
483.0
175.1
558.8
182.8
490.6
144.7
v 488. 3
» 177. 3
4,430
3,546
2,950
1,891
1 937
1,636
1,509
1,590
1 17
974
1,327
1,385
2,791
352
87, 404
358
64 638
259
66 472
174
38 343
176
73 142
174
61 953
163
38 095
178
65 561
177
72 575
184
56 624
234
78, 390
188
51, 795
234
61,305
6 429
5 191
4 985
5 961
6 720
6 477
6 480
7 654
7 583
6 371
2,839
2,925
3 007
2 536
2 172
1,873
1,390
1,113
1 790
1,400
1,366
1,614
2,107
293
341, 232
381, 500
302
327, 524
424, 000
236
331,445
439, 900
228
265,310
380 000
219
288, 756
377, 000
275
282, 305
323, 957
238
261, 572
345 994
330
290, 242
376, 458
242
227, 216
298, 797
183
201, 983
262, 734
154
194, 548
261, 648
118
161, 002
143, 436
191, 299
242, 975
466
514
547
542
564
595
552
662
626
614
610
494
6,288
7,054
7,332
7,266
7, 574
7, 552
i 9, 279
!8,911
i 8, 583
8, 626
i 7, 136
4,721
4,674
5,048
4,844
4,738
5,399
5,153
4,251
5,233
4,185
5,383
4,701
5,461
1,717
1,794
2,088
2,036
1,965
2,244
2,000
2,351
2,287
2,237
2,155
1,847
2,129
30, 543
29, 123
25, 875
24, 489
27, 561
25, 055
23, 389
28,590
27, 464
27, 891
27, 749
23, 890
25, 017
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:d"
New orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp.:d"
New orders
thous. of dol__
Billings
do
1
8, 102
1
1
551
674
780
696
46 582
29 610
55 054
37 905
64 221
40 357
56, 573
48, 166
7,428
4 163
10, 648
5 382
10, 666
6 082
12, 779
7,690
i 7, 230
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
__
thous. of short tons
3,862
3,360
4,417
4,313
3,379
4,199
3,522
Stocks in producers' storage yards, end of month
thous. of short tons__
1,035
1,298
1,268
878
1,416
1,068
815
Exports
do
318
480
346
328
461
374
323
Prices, composite, chestnut:
21.74
22.06
21.26
21.52
21.90
22.14
23.24
Retail
dol. per short ton
16. 636
16. 886
16. 980
17. 121
17. 134
16. 739
18. 540
Wholesale
_
do
Bituminous:
51,376
47, 497
Production
thous of short tons
50, 083
47, 297
45, 512
51,470
40, 541
Industrial consumption and retail deliveries, total
44, 875
thous. of short tons__
37, 954
38, 887
40, 033
46, 376
36, 957
41,300
32, 902
35, 596
33, 270
36, 095
Industrial consumption, total
do ._
30, 836
30, 202
32, 150
1,000
980
Beehive coke ovens
do
903
1,105
1,038
1,006
891
8,480
8,006
8,473
7,665
Byproduct coke ovens. .
_
do
8,183
8,057
8,633
705
Cement mills
do
749
799
670
652
745
638
9,024
8,186
8, 451
Electric-power utilities
do
7,456
9,286
8,300
7,782
5,615
Railways (class I) __
..
do. _
5,360
5,329
5,717
4,988
4,972
4,901
795
668
848
Steel and rolling mills
do
583
553
611
765
8,560
9,910
9,761
7,624
7,609
9,176
8,843
Other industrial
_ do __
5.985
10, 281
6.755
6.763
9.279
9.150
Retail deliveries _
.
_ _ _ _ _ d o _ _ _ 7.118
v
»• Revised.
Preliminary.
1 Beginning January 1951, data cover 3 additional reporting companies.
cfThe number of companies reporting is as follows: Polyphase induction, beginning second half of 1950, 32; direct current, year
2,183
2,602
3,622
3,743
2,770
3,386
740
197
732
227
747
414
792
475
877
526
1,005
23.48
18. 497
23.35
18. 062
22.50
17. 818
22.82
18. 007
44, 862
41, 965
43, 390
44, 014
41, 665
34, 345
983
8,584
702
8,714
5, 398
767
9,197
7.320
36, 031
31, 185
905
8,413
685
7,583
4,798
671
8,130
4.846
33, 733
30, 554
974
8,708
695
7,664
4, 367
609
7,537
3.179
33, 015
29, 445
982
8,465
685
7,728
3,985
568
7,032
3.570
1950, 29; 1st half of 1951, 28.
' 22. 99
18. 131
23.64
18. 314
34, 462
47, 156
32, 627
r 29, 157
836
8,706
699
7,743
' 4, 064
534
6,575
3.470
35, 484
30, 550
988
8,742
701
8,625
3,814
579
7,101
4.934
r
SURVEY OF CURRENT BUSINESS
October 1951
S--35
1951
1950
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
PETROLEUM, COAL, AND PRODUCTS—Continued
COA L — Continued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons..
Stocks, industrial and retail dealers', end of month,
total
__
_ thous. of short tons
Industrial, total
do
Byproduct coke ovens
do
Cement mills
_
do
Electric-power utilities _ _ _ _ _
do _
Railways (class I)
do
Steel and rolling mills _
_ ___
do
Other industrial
do
Retail dealers
do
Exports _ _
Prices, composite:
Retail
Wholesale:
Mine run
Prepared sizes
__
87
84
83
40
27
37
41
90
no
98
75
58, 964
56, 620
12, 353
1,089
22, 925
3,746
928
15, 579
2,344
64, 293
61, 836
13, 964
1,181
24, 940
3,646
968
17, 137
2,457
70, 478
67, 714
15, 666
1,283
26, 668
4,172
989
18, 936
2,764
72, 131
69, 389
16, 329
1,361
27, 529
4,513
1,005
18, 652
2,742
72, 516
70, 054
16, 776
1,369
27, 121
5,105
1,012
18, 671
2,462
74, 006
71, 766
16, 960
1,418
27, 006
5, 311
1,074
19, 997
2,240
70, 662
68, 754
16, 374
1,318
25, 875
5,046
1,044
19, 097
1,908
71, 425
69, 813
16, 751
1,243
26, 529
4,854
1,091
19, 345
1,612
72, 081
70, 550
16, 462
1,232
27, 571
4,739
1,143
19, 403
1,531
74, 807
73, 109
16, 175
1,266
29, 826
4,567
1,232
20, 043
1,698
76, 992
75, 258
16, 247
1,333
31, 060
4, 999
1,195
20, 424
1,734
74, 100
72, 248
14, 035
1,316
31, 635
4,426
1,168
19, 668
1,852
2,956
2,923
3,085
2,582
1,827
2,257
2, 412
3,207
4,752
5,507
5,242
4,824
16.31
16.47
16.74
16.77
16.80
16.86
16. 94
16.97
16.94
16.66
16.64
16.72
16.74
8.698
9.464
8.699
9.562
8.713
9.582
8.735
9.582
8.741
9.582
8.741
9.582
8.967
9.736
8.967
9.661
8.944
9.441
i 8. 911
9.411
i 9. 094
i 9. 440
9. 006
9.454
8.997
9.515
r
659
5, 812
315
592
5,671
283
644
6,006
289
578
5, 666
288
626
5,981
301
715
6,077
327
603
5,399
288
651
6,042
297
573
5,911
286
625
6,122
335
632
5,943
315
530
6,104
326
625
6. 152
827
599
228
101
34
855
584
1,102
752
351
74
46
1, 106
813
293
82
42
1,100
905
195
86
54
1,069
932
137
116
51
1,266
1,134
132
118
50
1, 410
1,219
191
125
59
1,445
1,211
233
123
62
1,395
1,135
260
112
90
1,518
1,175
343
99
94
] , 626
1,204
422
104
37
984
661
323
85
41
14. 250
14. 250
14. 250
14. 250
14. 625
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
2,276
175, 594
94
188, 078
2,023
176, 636
94
181, 778
2,019
182, 896
94
188, 393
2,211
176, 725
93
182, 539
2,008
177, 276
94
190, 448
1,917
183, 110
96
199, 958
1,518
166, 041
96
183, 745
1,895
187, 624
96
200, 535
1,769
183, 800
91
185, 488
2,074
191, 268
94
199, 521
1,975
183, 898
97
197, 246
1,896
190, 362
95
200, 322
237, 393
61, 247
159, 357
16, 789
242, 311
60, 884
164, 303
17, 124
246, 424
61, 993
167, 490
16, 941
249, 525
61, 053
171, 343
17, 129
248, 463
63, 328
167, 941
17, 194
243, 107
60, 377
164, 555
18, 175
235, 247
56, 260
161, 556
17, 431
233, 824
58, 671
157, 710
17, 443
243, 180
63, 366
162, 444
17, 370
248, 418
65, 365
165, 500
1 7, 553
248, 170
65, 536
164, 934
17, 700
250, 847
67, 046
166, 077
17, 724
2, 654
3,096
' 15, 688 ' 15. 086
2.570
2.570
4, 033
15, 496
2. 570
3,229
13, 269
2.570
2.917
15, 185
2.570
2,913
16,192
2.570
2,471
r 12, 772
2.570
2, 640
«• 14, 144
2.570
3, 615
15, 081
2.570
1,791
16,019
2.570
2, 342
16, 547
2.570
2,320
17, 612
2.570
33, 765
35, 585
35, 392
35, 343
37, 723
38, 759
36, 530
37, 202
41, 628
40. 475
44, 244
42, 397
39, 742
38, 696
41, 129
41, 771
35, 139
36, 908
37, 500
39, 202
37. 614
38, 303
38, 067
39, 516
26, 785
44, 762
24, 864
42, 668
29, 320
45, 980
35, 411
47, 977
55, 343
56, 198
57, 331
56, 223
50, 085
51,101
45, 046
53, 568
32, 185
46, 841
25,519
44, 104
24, 132
42, 153
24, 277
39, 400
' 6, 063
4,284
5,422
5,899
4,117
4,772
6, 145
4,474
4,980
6,194
4,247
4,545
6,281
4,207
5,125
6,417
4,204
4,664
5,573
3,594
5,008
5,527
4.251
5,846
4,811
3,889
6, 753
4,508
3,658
6,663
4,544
3,415
' 6, 177
4,375
3, 338
5,784
68, 426
40, 979
78, 270
41, 966
85, 643
45, 004
86, ] 13
45, 048
71, 948
40, 750
58, 424
40, 317
47, 587
39, 409
42, 978
37, 516
44, 736
36, 910
55, 273
39, 317
67, 839
41, 566
79, 437
45, 163
809
1,221
916
802
1,124
632
935
1,071
801
1,326
660
663
643
644
773
1,077
1, 361
982
1,884
2,679
1,149
2,471
2,280
3,179
.082
1.650
.086
1.650
.088
1.650
.091
1. 650
.091
1.700
.091
1.750
.091
1.750
.091
1.750
.091
1.750
.091
1. 750
.091
1.750
.091
1.750
9,828
7,035
25, 803
61
9,989
7,920
27, 677
113
10, 264
9,486
28, 292
136
10, 255
12,737
25, 526
205
11,261
16, 817
19, 723
214
12,715
15, 633
16, 673
46
11,475
14, 789
13,150
125
12, 371
11,788
13, 657
40
11,511
8, 678
16, 262
185
10, 698
5,877
20, 331
667
9, 815
5,494
24, 169
388
10, 220
6,490
27, 277
592
do
dol. per short ton--
_
do
do
COKE
Production:
Behive
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
Export'1
do
Price, beehive, Connellsville (furnace)
dol. per short ton__
r
78
r
75,414
73, 492
14, 449
1,339
32, 392
4, 331
1,156
19, 825
1,922
PETROLEUM AND PRODUCTS
Crude petroleum:
\Vells 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
Exports
do
ImportsJ
do
Price (Oklahoma- Kansas) at wells. _dol. per bbL_
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous of bbl
Residual fuel oil
do
Domestic demand:
Distillate fuel oil
do
Residual fuel oil
do
Consumption by type of consumer:
Electric-power plants _ _ ._ __
__ do
Railwavs (class I)
do
Vessels (bunker oil)
do
Stocks, end of month:
Distillate fuel oil
do
Residual fuel oil
do
Exports:
Distillate fuel oil
do
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol. per gal.
Residual (Okla,, No. 6 fuel)... dol. per bbl__
Kerosene:
Production
thous of bbl
Domestic demand
do
Stocks end of month
do
Exports
do
Price, wholesale, bulk lots (New York Harbor)
dol. per gal__
Lubricants:
Production
thous of bbl
Domestic demand
do
Stocks refinery end of month
do
Price, wholesale, bright stock (mid continent,
f. o. b. Tulsa)
dol. per gal__
r
.093
.096
.098
.101
.101
.101
.101
.101
.101
.101
.101
.101
4,686
3, 822
7,145
1,101
4,646
3, 511
6,950
1,281
4.987
3,907
6,973
992
4,906
3, 322
7,283
1, 222
5, 068
3.012
7,849
1,402
5,061
3,539
8,160
1,157
4,339
3,115
8, 386
934
5,108
3,691
8,209
1,533
5,175
3,550
8, 393
1,377
5,454
3, 850
8,451
1,477
5,094
3, 632
8,444
1,387
5,241
3,348
8, 662
1,593
2.570
5.038
.091
1.750
.101
.290
.290
.290
.290
.290
.290
.290
.290
.282
.270
.255
.220
.268
Revised.
* The comparability of the data is slightly afi ected in M"ay and Ju ne 1951 by substituticms in the r eporting c Dmpames. Prices on new basis: Mine run--April 1951, $8.916;
May 1951, $9.088; prepared sizes, May 1951, $9.414.
cj" Includes stocks of heavy crude in California.
% 1950 revisions ( ;hous. of b bl.): April, 14,067; Jul y, 13,816.
©Excludes "special category" exports not showii separatel y for securi ty reasons
r
SURVEY OF CURRENT BUSINESS
S-36
October 1!-)."»!
1951
1950
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 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
Refined petroleum products— Continued
Motor fuel:
All types:
92, 710
87, 539
90,917
Production, total. _
_ thous. of bbl...
Gasoline and naphtha from crude petro76, 939
82, 367
79,815
leum
thous. of bbl__
16. 476
15,449
15,466
Natural gasoline and allied products _ do ..
Sales of 1. p. g. for fuel, etc., and transfers
' 4,866
5,106
5, 374
of cvcle products
thous. of bbl
8, 520
9,302
8,510
Used at refineries
do . .
86, 766
94, 537
89, 126
Domestic demand _ _ d o __
Stocks, gasoline, end of month:
97, 844
99, 423
97, 904
Finished gasoline, total
do
55, 676
56, 743
55, 560
At refineries
do
7,844
7, 644
7,920
Unfinished gasoline
do
8,581
8,226
8,667
Natural1 gasoline and allied products. .do
1,853
1,823
997
Exports c*
do
Prices, gasoline:
Wholesale, refinery (Oklahoma) group 3
.104
.104
dol. per gal__
.103
.147
.147
.147
Wholesale, tank wagon (N. Y.)
do
.201
.199
.203
Retail, service stations, 50 cities
do ._
Aviation gasoline:
5, 604
5, 107
Production, total
thous. of bbl_
4,896
4,247
4,152
3, 929
100-octane and above
do_ .
6, 579
6. 000
6, 133
Stocks, total
do
3,256
3, 260
2,970
100-octane and above
do.
Asphalt:
Production
. _ .short tons__ 1, 246, 000 1, 197, 600 1, 140, 200
742, 400
790, 000
670, 200
vStocks, refinery, end of month
do
Wax107, 240
114.800
Production
thous. of Ib
113,960
145, 880
135, 240
151,760
Stocks, refinery, end of month _ __
do__
Asphalt products, shipments:
6,744
6,256
7,044
Asphalt roofing, total
thous. of squares..
Roll roofing and cap sheet:
1,553
1,333
1,372
Smooth-surfaced
do
1,528
1,347
1,481
Mineral-surfaced
_
do
3, 663
4.191
3,575
Shingles all types
do
166
209
176
Asphalt sidings _
_ ._
do _ .
56, 157
59, 937
64, 922
Saturated felts
short tons..
87, 322
90, 945
94, 132
83, 752
93, 378
87,319
96, 811
96, 154
98, 643
76, 808
16, 256
80, 229
17,241
83, 773
17,314
74, 335
15,631
82, 140
17, 780
76, 826
16, 708
85, 691
16, 646
85, 417
15, 932
87, 851
16, 367
5,742
8,968
82, 718
6, 525
9,011
81, 063
6, 955
8, 045
80, 554
6.214
7,028
72, 717
6,542
7,997
86, 846
6, 21 5
7, 803
87, 430
5 526
8,274
100, 188
5 195
7 586
96, 093
5 575
7 982
100, 431
100, 995
57, 934
8,010
7, 636
1,486
108, 669
64, 276
8,100
7,355
2,109
120, 473
76, 160
8, 006
7,474
1, 132
129,537
84, 250
7,706
7,842
1,097
133, 465
85, 096
7,991
8,109
r
1,945
130, 501
79, 357
8,687
8, 522
1,976
123, 830
73, 652
8, 431
9,079
2, 239
119 769
70, 363
7 826
10, 043
2 520
113,734
67, 250
7 748
10, 200
3 687
.104
.147
.202
.101
.147
.207
.104
.147
.206
.104
.147
.206
.104
.147
.205
.104
.147
.203
.104
.147
.200
.104
.147
.201
.104
.147
202
5,468
4,198
7,215
3,802
5, 909
4,883
7,220
3,744
5,789
4,091
7,813
3,518
5,010
4,144
8,255
3, 837
6,113
5.017
8 566
4,048
5, 523
4, 464
8. 590
4,053
6, 265
4,900
8 595
4,006
5
4
8
3
765
426
305
817
5
4
8
3
.104
.147
202
931
663
005
844
875, 500
785, 500
717, 100
681, 500
643, 300
806, 500
916, 600 1, 123, 600 1,205 600 1 286 700
962, 400 1, 108, 000 1, 282, 700 1, 468, 000 1, 572, 500 1, 546, 900 1, 459, 300 1, 296, 500
120, 120
135, 800
122, 080
141,120
124, 600
144, 760
108, 640
139, 440
122, 640
140, 840
122 360
152, 600
131 320
162,400
113 680
168 280
110 320
179 200
6,306
5, 262
5,259
4,354
5, 357
4,795
4,900
4,594
4,800
5. 793
1,559
1,466
3,282
213
59, 335
1,410
1,168
2, 684
171
56, 481
1,352
1,241
2. 666
202
71, 675
1,148
996
2,210
170
61, 158
1,290
1,203
2,864
193
71, 673
1,052
1,016
2 797
139
64, 999
1,038
1,034
2,828
117
67, 044
961
1,025
2 608
124
51.134
991
1, 128
2 682
130
42, 093
1 320
1 355
3 118
172
49, S92
fr 2, 383
2 258
r
4 180
2,309
2 104
4 388
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulp wood:
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
2,326
2,093
3,724
2.042
1,982
3, 780
2,083
2,160
3,704
2,113
2,108
3,704
2,121
2,014
3,815
2,487
2,149
4,155
2,169
1,985
4,336
2,339
2,257
4,419
1, 968
2,224
4,179
2,214
2,339
4,050
711,910
732, 001
348, 450
688, 843
687, 173
342, 677
776, 402
756, 727
377,351
751,411
752, 065
362, 549
740, 953
715, 429
386, 552
818, 506
797, 339
412, 699
824, 075
840, 384
416, 826
904, 918
870, 516
450, 186
878, 247
850, 183
479, 554
882, 722
890, 776
469, 658
1,322
149, 488
513, 779
187, 933
63, 566
47, 382
193, 498
93, 800
1,232
144, 773
468 025
171, 788
63,712
43, 949
187, 878
86, 153
1,370
177, 134
529, 945
192 824
67, 324
38, 128
204, 512
89, 124
1,326
168, 086
511,043
187, 622
68, 734
36, 731
199, 068
86, 249
1,252
162, 222
467, 746
169, 696
68, 152
34, 931
197, 756
84, 495
1,349
183, 559
526, 488
195, 541
67, 698
38, 821
215, 190
52, 000
1,238
163 912
490, 986
177, 141
60, 351
35, 545
195, 426
50, 000
1,402
188, 992
551, 605
197, 986
66, 461
38 611
215, 998
67, 000
1.414
192, 303
540, 138
193, 598
68,017
38, 122
209, 937
98, 000
1,484
198, 043
567, 270
204, 644
65, 900
40, 607
222, 535
106, 000
104, 631
13, 022
9,540
24, 558
12, 282
1,830
33, 580
93 120
13, 595
9,415
18,215
14, 290
750
31,077
90 386
14, 573
9,620
19, 446
13, 787
515
29, 309
87, 929
14, 424
9,659
18, 547
12, 854
683
29, 842
81, 974
10, 162
9,708
13, 534
12, 525
1,040
33, 043
90, 397
10, 515
9,441
20, 309
12, 354
597
35, 161
94 466
12, 255
8,871
21, 760
11, 502
648
37, 282
94 753
13, 787
7,500
20, 129
11, 799
1,039
38, 261
100 406
13,112
9,499
21, 632
13, 144
862
39, 953
102 953
12,994
10, 171
24, 583
11, 158
571
40, 487
7,818
186, 225
35, 754
40, 953
46, 193
34, 465
3,205
24, 891
10, 223
192, 495
29, 312
34, 382
58, 365
44, 997
2,868
21, 708
6,479
207, 456
44, 529
36, 736
47, 779
53, 955
3,368
20, 080
8,882
208, 867
35, 204
28, 388
59, 107
52, 720
2,936
29, 675
18, 888
204, 658
35, 783
36, 472
57, 207
43, 220
2,614
28, 673
14, 761
220, 197
31,725
40, 390
54, 707
55, 551
3, 114
33, 767
14, 909
207, 110
53, 919
34, 478
47, 852
44. 898
2 357
22, 717
11, 520
199, 584
36, 395
27, 134
52, 128
46, 934
3 025
31, 722
19, 048
180, 732
41, 549
22, 080
46, 365
40, 383
3,007
26, 451
24, 282
229, 223
50, 949
38, 367
52, 719
52, 363
2 995
30, 655
19, 531
232 277
53 961
36, 683
49 634
57 787
2 717
29' 489
All paper and paper board mills:
Paper and paperboard production, total
2,193
2, 096
2,184
2,085
2,233
thous of short tons
1,062
1,024
1,061
1,037
1,088
Paper (incl building paper)
do
1,002
1,015
946
1,025
946
Paperboard
. do
121
114
118
113
120
Building board
do
r
Revised.
(^Excludes "special category" exports not shown separately for security reasons.
2,252
1,098
1,063
92
2,101
1,023
985
92
2,372
1, 146
1,114
113
2,319
1, 101
1, 091
127
2 406
1, 148
1,126
132
r 2 283
T
1 105
r
1, 055
123
WOOD PULP
Production:
Total, all grades
. thous. of short tons _
Bleached sulphate
short tons
Unbleached sulphate
.
do
Bleached sulphite
do
Unbleached sulphite
_ _ .
.do
Soda
do
Groundwood
_.
_ _ d o _.
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total all grades
short tons
Bleached sulphate
do.. _
Unbleached sulphate
do
Bleached sulphite
do.
Unbleached sulphite
do
Soda
do
Groundwood
__
do
Exports, all grades, total
Import^, all grades, total
Bleached sulphate
_ __
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
_
Soda
Groundwood
- -
do
do
do _ _
do. ..
do
do
do
- do.
r
r
r
r
847, 003
824 615
490, 788
722 595
667 455
547 295
1,400
188 582
538, 139
191 077
63 253
34 908
210, 681
101 000
1 329
r 177 229
r
522, 335
r 182 262
58 ' 586
29 921
197 911
94 500
r HO
r
r
r
894
15 363
12 911
26 138
10 990
1 088
40, 841
111
r 11
13
27
12
130
830
685
997
210
987
40 852
10
211
46
31
48
53
2
27
711
265
302
179
252
221
625
898
PAPER AND PAPER PRODUCTS
1 997
975
903
119
1, 438
198 499
550, 868
206 044
61, 287
38 777
208, 437
98 30'?
105
11
12
26,
11
430
920
542
187
579
803
38, 601
S-37
SURVEY OF CURRENT BUSINESS
Octolier l!).r)l
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
1951
1950
August
September
October
November
December
February
January
March
April
May
July
June
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_- 974, 653
876, 300
Orders unfilled, end of month
do
837, 275
Production
do
845, 813
Shipments
do
320, 572
Stocks, end of month
do
Fine paper:
149, 100
Orders new
do
143, 200
Orders, unfilled, end of month
_ _ do--_
111,310
Production
do
Shipments
do- _ _ 116, 050
74, 115
Stocks end of month
do
Printing paper:
354, 658
Orders new
do
Orders unfilled", end" of month
do_ _ _ 387, 600
286, 288
Production
do
286, 755
Shipments
do
116, 225
Stocks end of month
do
Price, wholesale, book paper, "B" grade, En g11.65
lish finish, white, f. o. b. milL.dol. per 1001b--_
Coarse paper:
300, 665
Orders, new
short tons
227, 570
Orders, unfilled, end of month
.do
286, 396
Production
do
289, 407
Shipments _ _
__do___
81, 352
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland):
466, 443
Production
do
417, 589
Shipments from mills
do
184, 727
Stocks, at mills, end of month __. __
do
United States:
346, 795
Consumption by publishers _
do
92, 877
Production
do
92, 950
Shipments from mills
_ _
do
Stocks, end of month:
8,695
At mills
do
376, 900
At publishers
do
81, 095
In transit to publishers.
do_ __
367, 604
Imports
do
Price, rolls (New York)
dol. per short ton__
100. 00
Paperboard (National Paperboard Association):
Orders, new
..short tons 1, 204, 500
729, 100
Orders unfilled end of month
do
1, 017, 300
Production, total
_ _ _ _ __ _
do
100
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
7,653
shipments
_ mil. sq. ft. surface area
Folding paper boxes, value:
904.5
New orders
.1936=100
603.3
Shipments
_
do
875, 000
* 820, 386
1,033,045 ,001,800
' 783, 943 925, 500
r
771, 098
906, 000
' 312, 085 331, 000
852, 625
913, 297
806, 044
815, 574
310, 663
870, 578
912, 860
866, 740
870, 994
305, 900
815, 448
877, 359
847, 408
852, 096
300, 855
821, 664
858, 760
825, 242
840, 249
285, 368
937, 879
932, 405
871, 450
862, 728
295, 545
821, 801
884, 769
821, 858
817, 717
292, 998
964, 941
905, 445
984, 495 1, 013, 760
917,112
875, 512
916, 683
877, 033
293, 832
293, 423
886, 155
988, 500
909, 757
901, 561
301, 420
' 882, 150
»• 984, 305
* 885, 285
r 886, 429
' 300, 270
114, 207
145, 772
106, 764
111, 635
69, 450
115, 272
147, 840
112, 207
113, 203
68, 655
102, 770
138, 575
110,119
112, 035
66, 760
102, 340
131. 785
104, 131
109, 129
61, 783
118, 960
139, 145
111,113
111, 600
61, 295
103, 864
146, 200
99, 753
96, 800
64, 245
110,114
140, 035
115, 661
116, 276
63, 630
119, 245
147, 000
113, 501
112, 245
64, 885
106, 722
137, 190
117, 785
117, 570
64, 470
r 113, 525 ' 109, 207
' 130, 810 «• r146, 000
95, 741
117, 902
r
93, 679
«• 119, 902
' 62, 470 r 63, 500
307, 738
414, 165
280, 203
281, 172
115,310
290, 525
406, 900
296, 292
297, 782
113, 870
284, 615
395, 050
290, 561
296, 460
107, 860
288, 546
393, 160
287, 910
290, 427
105, 230
338, 465
436, 520
299, 097
295, 103
109, 225
279, 128
384, 199
281, 526
281, 062
109, 689
351, 015
475, 400
312, 477
310, 190
111, 975
311, 555
489, 770
296, 203
297, 185
110, 990
r
307, 316 ' 298, 390 268, 285
482, 155 «• 496, 190 ' 510, 000
306, 518 T' 285, 183 ' 254, 382
284, 352 ' 254, 294
304, 555
112, 930 ' 113, 760 r 113, 845
11.78
12.15
12.15
12.53
12.65
12.65
12.65
12.65
12.65
276, 858
227, 700
273, 636
276, 705
78, 265
298, 200
231, 200
292, 751
294, 692
76, 305
281, 340
224, 050
292, 380
288, 472
80, 115
277, 572
215, 870
279, 967
285, 750
74, 240
302, 740
229, 830
293, 119
288. 775
78, 585
274,
227,
275,
276,
77,
607
800
284
635
233
315, 065
234, 820
306, 009
308, 044
75, 198
291, 940
239, 175
285, 683
287, 582
73, 295
295, 860
236, 325
302, 948
298, 287
78, 005
297, 480
228, 315
305, 938
305, 490
r
78, 450
437, 579
485, 165
137, 141
456, 443
465, 253
128, 331
456, 743
477, 708
107, 366
430, 551
448, 775
89, 142
453, 019
423, 343
118, 818
425, 097
400, 833
143, 082
472, 963
473, 503
142, 542
447, 551
443, 288
146, 805
485, 723
486, 340
146, 188
373, 788
86, 411
85, 809
420, 786
91, 305
92, 779
407, 943
87, 980
85, 141
398, 309
85, 355
87, 776
345, 552
92, 691
92, 991
336, 568
84, 381
84, 896
394, 387
94, 015
92, 630
410, 723
88, 888
90, 740
9,297
372, 943
94, 271
419, 123
100. 00
7,823
356, 782
88, 332
449, 183
100. 00
10, 662
334, 783
98, 499
385, 659
106. 00
8,241
328, 018
96, 942
41 8, 044
106. 00
7,941
346, 258
93, 866
399, 333
106. 00
7,426
331, 440
111,019
333, 867
106. 00
8,811
349, 308
95, 893
449, 037
106. 00
6,959
322, 750
95, 340
396, 897
106. 00
977, 800 1, 039, 000 1, 019, 900
694, 700
722, 000
714, 900
954, 400 1, 023, 400 1, 012, 700
102
101
96
876, 700 1, 177, 200
761, 800
617, 200
940, 500 1, 056, 600
102
95
12.65
12.65
115, 000
142, 000
121,000
119, 000
65, 000
281,000
490, 000
314, 000
301, 000
126, 800
13.15
' 284, 708
242, 040
'r 277, 523
270, 980
' 85, 000
304, 000
241, 000
305, 000
305, 000
85, 000
464, 332
475, 034
135, 486
452, 455
442, 966
144, 975
484, 563
480, 581
148, 957
403, 233
96, 420
93, 422
365, 324
94, 073
97, 016
333, 440
88, 441
86, 835
344, 470
96, 059
94, 488
9,957
332, 601
86, 522
439, 586
106. 00
7,014
358, 294
94, 331
432, 505
106. 00
8,620
393, 718
106, 727
417, 437
116.00
10, 191
467, 052
77, 646
962, 700
987, 900 1, 119, 300 1, 019, 300 1,112,100
658, 700
548, 000
704, 900
646, 900
758, 600
975, 100 1, 107, 300 1, 049, 100 1, 128, 200 1, 058, 500
105
105
103
104
104
r
116. 00
933, 000
932, 200
537, 600
470, 800
890, 000 1, 002, 200
94
84
7,229
7,679
7,289
7,105
7,577
6,618
7,965
7,315
7,288
6,410
5,238
5,896
745.0
619.9
731.2
671.7
710.7
666.1
690.5
668.6
904.1
738.9
875.6
725.8
879.4
851.9
737.7
778.4
699.3
815.4
613.3
755.5
588.1
599.3
608.7
704.7
962
816
146
1,138
877
261
1,028
811
217
1,157
915
242
776
601
175
793
613
180
1,130
861
269
878
678
200
969
759
210
1,145
879
266
751
549
202
638
466
172
35, 335
76, 312
63, 101
39, 508
71, 679
«• 60, 871
42, 445
68, 498
42, 371
39, 998
68, 369
56, 623
35, 478
67, 816
73, 285
36, 784
68, 130
PRINTING
Book publication, total
New books
New editions
number of editions _
do
_ do_ _ _
766
618
148
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
_ _
_ _ _ _ _ long tons__
Stocks end of month
do
Imports including latex and guayule i
do
Price, wholesale, smoked sheets (New York)
dol. per lb__
Chemical (synthetic):
Production
_ _ _
long tons
Consumption
do
Stocks, end of month
_ do. _ _
Exports
. _ do
lieclaimed rubber:
Production
_ _ _ _ _ _
do. _ _
Consumption
.
do
Stocks, e n d o f month
_ _ _ _ _ _ _ _ _ do. _ _
r
64, 297
87, 146
70, 947
61, 281
87, 409
61, 153
r
69, 178
83, 215
77, 240
r
51, 340
81, 658
73, 461
44, 999
89, 215
69, 261
44, 586
93, 079
92, 454
37, 572
87, 242
r 55, 263
r
r
r
.521
.558
.638
.732
.714
.735
.734
.722
.675
.660
.660
.520
.520
43, 950
50, 379
63, 654
44, 460
49, 550
59, 059
48, 417
48, 261
51, 636
52, 199
53, 364
52, 758
581
749
60, 952
58, 584
55, 453
631
645
44, 690
54, 507
51, 751
577
56, 415
53, 308
59, 035
620
65, 286
65, 587
60, 614
533
66, 414
58, 787
65, 793
585
70, 541
65, 027
70, 276
617
74, 188
64, 718
78, 154
573
76,250
r
61,419
r
89, 527
968
74, 951
67, 740
98, 014
27, 312
26, 151
31, 793
29, 648
29, 250
33, 395
32, 685
32, 785
33, 530
30, 171
30, 260
33, 960
32, 480
29, 905
35, 708
32, 924
32, 455
35, 843
30, 402
28, 792
36, 885
35, 094
32, 678
38, 334
34, 293
32, 428
39, 064
35, 051
34, 148
39, 098
33, 509
30, 999
40, 268
r
r
* 29, 999
25 500
44, 347
28, 814
28 985
44, 414
8,194
10, 579
4,093
6,369
7,833
8,216
3,813
4,292
6, 764
6, 961
3, 035
3,812
111
4,374
107
7,521
7,494
3,214
4,130
150
4,810
152
6,819
7,562
3,245
4,188
116
4,794
75
8,667
8,684
3,783
4,750
151
4,382
108
129
3,794
116
114
3,552
99
5,887
6,174
3, 002
3 058
114
3,307
79
6,693
7,235
3,620
3,493
123
2,804
120
6,540
6,255
2,755
3,412
88
3,047
106
7,116
6,730
2, 692
3,911
127
3,442
88
7 222
7,185
2,603
4 439
143
3,512
118
734
602
361
126
115
3 586
108
7, 26?
9,257
6,619
33
7,093
7,586
6,198
7,886
7,378
6,400
68
6,629
6,099
6,963
102
6,035
6,379
6,725
77
5,950
6,595
5,852
56
5 144
5,910
5,154
36
5 828
6,593
4,595
58
5 566
5,593
4,657
63
5 625
5,585
5,071
52
5 381
5 500
5,311
63
5 178
5' 072
5 685
57
678
TIRES AND TUBES
Pneumatic casings:
Production
thousands
Shipments total
_
_
do
Original equipment
_ _ _ _ _
_ _ do_ _
Replacement equipment
do
Export
_ _
_
_ do
Stocks, e n d o f month
_ _ _ _ _
do
Exports©
do
Inner tubes:
Production
do
Shipments
do
Stocks, end of month
___
_ do
Exports
_
___
._
do_ _
Revised.
50
©Excludes "special category" exports not shown separately for security reasons.
J 1950 revisions (long tons): February, 53,663; June, 77,836; July, 61,820.
6
6
2
4
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
162, 002
161, 093
21, 924
96
24, 892
r 19, 393
7,482
21,984
99
24, 935
16, 439
6,682
22 439
24, 266
r
14 615
r
5 601
605, 304
599, 905
600 516
577, 686
571 338
540* 545
August
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments reams _
258, 575
206, 809
197, 500
177,371
155, 823
21,884
99
25, 144
9,608
4,900
20, 945
98
22, 910
7,642
4,029
22, 461
102
24, 167
5, 945
2,852
20 226
95
19, 791
6, 382
2,962
19,116
87
12,477
13,018
3, 925
646, 626
675, 227
604, 826
630, 472
659, 927
660, 309
606. 726
590, 905
499, 694
450, 800
189, 440
184, 326
206, 940
179, 507
191,138
17, 434
79
12, 237
18, 222
5,473
15,201
76
11,294
22, 127
7,097
18, 708
82
17, 692
23,
139
r
8, 068
20, 184
91
20, 953
r
22, 364
8, 194
r
480, 607
470, 730
422 134
408, 766
534 077
550, 274
553,468
552, 881
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month. _
Stocks, clinker, end of month
thous. of bbl
thous. of bbl__
_ _ __ do
do
r
r
98
22 685
98
25, 852
11 448
4 795
CLAY PRODUCTS
Brick, un glazed:
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
Shipments
do ._.
Structural tile, unglazed:
Production
_
do
Shipments
do
25. 208
25. 616
25. 866
26. 057
26. 378
26. 549
26. 589
26. 602
26. 588
26. 591
26. 604
26. 604
154,284
163, 664
155, 678
152, 847
154, 904
156, 610
131,668
129, 489
127, 951
114,439
137,211
124, 503
122, 046
96, 487
139, 653
125, 328
142, 356
134, 777
144, 666
141, 774
138, 922
137, 142
137 727
141, 255
119, 340
136, 438
115,975
120, 108
119,729
119,054
105, 879
104, 304
95. 265
85, 471
108,816
103,293
98, 593
89, 645
110,146
108, 738
105, 268
108, 653
106, 045
108, 866
104, 547
105, 045
101,903
9 133
11,132
8,673
10, 437
10 612
8,967
9, 451
8,104
9,321
9,153
10 279
9,499
9 201
8 563
10 987
10, 250
11,075
9, 583
10 849
10, 390
10 489
9,847
26. 642
100 040
GLASS PRODUCTS
Glass containers:
Production
thous. of gross
Shipments, domestic, total
do
General-use food:
Narrow -neck food
__
do
Wide-mouth food (inch packers' tumblers,
jelly glasses, and fruit jars)__thous. of gross,.
Beverage (returnable and nonreturnable)
thous. of gross. _
Beer bottles
do
Liquor and wine
do _ _
Medicinal and toilet
do
Chemical, household and industrial
do
Dairy products
do
Stocks, end of month __
do
Other glassware, machine-made:
Tumblers:
Production
thous. of dozens
Shipments
do
Stocks
_
__
__
do
Table, kitchen, and householdware, shipments
thous. of dozens. _
10 355
9 372
r
10 575
10 543
1,170
1,572
953
669
786
931
1,116
1,067
999
908
738
1,125
3,546
2,868
2,474
2,145
2,272
2,410
2,129
2,472
2,332
2,666
2,410
2,416
2,782
492
669
1,551
2,501
819
385
6,743
305
582
1,343
2,576
822
369
4,865
340
563
1,275
2,228
779
354
6,123
325
459
1,257
2,235
687
327
7,079
654
532
1,317
2,397
791
404
6,776
457
450
1,543
2,637
844
324
7,240
345
541
1,425
2,183
724
285
7,631
447
978
1,302
2,740
883
313
8,091
617
1,190
931
2, 389
823
235
9,293
803
1,468
880
2,426
878
271
9,426
969
1,786
730
1, 965
823
255
9,714
858
1 848
746
r
l 805
695
266
10, 375
602
2 279
805
1 901
722
326
10 102
6,548
7,222
8,091
5,925
6,070
8,118
6,994
5, 498
8,877
5,876
6,107
9,593
5,702
5,253
9,887
6,959
6,831
9,602
6,506
6,132
9,940
7 570
7,156
10, 340
7, 534
6,851
10, 933
7,292
6,760
11, 381
6 384
5.737
11, 974
5 560
5 733
11, 769
5 807
5 331
12 256
3,671
3,356
3,846
3,313
3,218
3,667
3,364
3,998
3,439
3,408
2,682
2,766
3,506
9 198
9 098
30 308
12 597
12 847
30 058
835
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous. of short tons
Production
do
Calcined, production, quarterly total ..
do _
Gypsum products sold or used, quarterly total:
Uncalcined
_ _ _
__ short tons.
Calcined:
For building uses:
Base-coat plasters
»
do
Keene's cement
do
All other building plasters
do
Lath
thous of sq ft
Tile
do
Wall board o"
do
Industrial plasters
short tons
1 105
2,199
2,049
967
2, 355
1,950
613
2, 102
1,838
664
2 322
1,981
580, 024
626, 833
660, 470
656, 070
693,
15
156,
761
13
759,
66
595,
15
147,
754
12
807,
74
512,
14
137
710
10
849,
r 76
591 646
15 053
154 610
948
863
429
573
449
260
674
988
200
409
849
012
734
208
238
328
878
197
002
933
976
745
10
877
71
224
710
893
181
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs
Shipments
_.
do
Stocks end of month
do
14, 986
16, 584
25, 882
14, 194
15, 590
24, 486
14, 874
15, 791
23, 569
15, 000
14, 796
23, 774
12,817
11,842
25, 456
14, 971
14, 637
25, 934
14, 337
14, 601
25, 633
14, 736
14, 621
25, 780
13, 149
11,905
27, 048
12, 925
10, 985
29, 008
12 205
11. 446
30, 208
COTTON
Cotton (exclusive of linters) :
Production:
1
r
r
T
r
r
9, 908
224
Ginnings§
thous. of running bales
«• 2 772
8 785
9 178
6 465
9 688
859
2 014
Crop estimate, equivalent 500-lb. bales
1
thous of bales
10,012
784, 057 1, 040, 891
968, 484
835, 155 1, 008, 872
980, 906
894, 602
911, 654
832, 612
818, 714
Consumption^ - bales «• 798, 474
767, 282
Stocks in the United States, end of month,
T
r
r
r
r 15 324
13, 771
12, 681 r 11 313 r 10, 087
8 937
totarf
thous of bales
7,
710
6
459
2
907
r 5 013
r
3
827
2 179
r
12,613 r 11, 258 * 10, 030
>• 8, 894
r 3, 708
r 2, r 797
'r15, 238 13, 695
7, 622
r 6,r 347
2,064
f-4,911
Domestic cotton, total
do
r
r
r
7,643
4,816
>• 2, 485
r 1, 425
1, 048
474
232
On farms and in transit
do
9, 498
70
101
134
••739
6, 651
6,984
5,626
4,871
4,603
2,406
1,031
6,358
3,560
1,586
' 4, 654
Public storage and compresses
. -do
618
r
1,955
2,220
2,281
2,274
2,021
1,181
1,696
2,r 313
1,789
Consuming establishments
do
r 1, 085
1, 439
1,312
57
44
54
88
102
76
68
110
118
'87
115
l!2
Foreign cotton, total
do
l
2
r 1Revised.
Total ginnings of 1950 crop.
Ginnings to October 1.
3 October 1 estimate of 1951 crop.
d Includes laminated board, reported as component board.
§ Total ginnings to end of month indicated.
H Data for September, November 1950 and January, April, and July 1951 cover 5-week periods and for other months, 4 weeks; stock datn are for end of period covered.
2 5 468
3 16 931
754, 119
18 026
17, 918
15 480
1,438
1,000
108
SUKVEY OF CURRENT BUSINESS
October 1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-39
1951
1950
August
September
October
November
December
January
February
March
April
May
June
July
354, 302
3 114
42.7
480, 085
9 740
43.2
371,417
16 102
42 5
204 006
18 412
42 0
129 144
7 529
39 1
34 6
45.1
45.2
45.2
45.2
40.1
35.0
August
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters) — Continued
Exports
_
_ __bales_
Imports
do
Prices received by farmers
cents
per Ib
Prices, wholesale, middling, l5/i&", average, 10
markets
cents per lb__
Cotton linters :^[
Consumption
thous of bales
Production
do
Stocks, end of month
do
355, 975
4,730
37.0
372, 381
22 732
40.0
283, 816
11,889
38.9
371,870
9 118
41.1
448, 561
6 407
40.4
316, 626
2 342
41.3
38.1
40.7
39.8
42.2
42.6
44.2
149
124
129
118
110
116
110
125
111
115
96
68
340
132
337
207
409
189
461
145
518
90
151
542
105
542
77
517
52
468
36
398
88
31
327
21
2GO
64
231
2,398
50, 973
2,570
50, 162
2,796
45, 389
4,608
2 639
53, 256
3,597
57,472
4,948
57, 643
10, 223
2 835
79, 574
7,486
73, 942
3,950
72, 409
4,807
73, 786
2,614
63, 092
2 497
48.69
36.0
22.4
23.8
49.36
36.4
21.5
24.5
48.39
37.8
21.9
24.8
50 21
38.3
22.5
25.0
50.12
38.3
22.9
25.0
(i)
49.80
45.60
0)
20.6
25.0
42.57
39.4
19.4
25.0
39 77
41 0
19.0
25.0
38 77
39 9
16.3
25.0
.833
1.007
.851
1.072
.877
1.147
.887
1.166
.917
1.172
.921
1.176
.921
1.176
.921
1.176
.915
1.176
.867
1 127
.806
1 058
21, 845
20,540
10, 333
517
9,711
140.2
21, 945
20, 609
12, 638
516
11,860
139.7
22, 149
20, 758
10. 713
542
10, 041
146.9
22, 153
20, 751
12, 979
530
12, 171
143.2
22, 084
20, 730
9,942
523
9,376
141.3
22, 292
20, 900
13, 273
542
12, 459
145.9
22, 221
20, 885
11,069
563
30,394
152.0
22, 246
20, 957
11, 083
554
10, 436
149.7
21, 134
19, 903
12, 447
505
11, 699
136.4
21, 770
20, 516
10, 399
533
9,768
144.1
22, 145
20, 910
10, 287
514
9,677
138 9
85.1
27.6
79.0
25.5
82.5
25.4
80.5
25.6
86 9
29.4
79.0
25.7
75 0
25.0
85 8
27.0
80 0
26.9
82 0
28.9
83 5
26 0
r
r
78 8
28. 1
70 1
28.1
11.3
T
20.0
36. 1
4.9
6.1
428, 599
93 800
41 8
0)
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production Quarterly
mil of linear vards
45, 633
Exports
—
_ thous. of sq. yd__
2,918
Imports
do _
Prices, wholesale:
43.58
Mill margins
cents per Ib
34.5
Denim, 28-inch
cents per yd_
19.8
Print cloth, 38^i-inch, 64 x 60
do_ .
21.8
Sheeting, unbleached, 36-inch, 56 x 60
do
Cotton yarn, Southern, prices, wholesale, mill:
.776
22/1, carded, white, cones
dol. perlb—
.925
40/1, twisted, carded, skeins
do
Spindle activity (cotton system spindles) :J
Active spindles, last working day, totaL__thous__
Consuming 100 percent cotton
do __
Spindle hours operated, all fibers, total. mil. of hr__
Average per working day
do_ _
Consuming 100 percent cotton
do __
Operations as percent of capacity
38.3
23.0
25.0
(i)
23.0
25.0
22, 128
20, 871
9, 858
411
9,241
110.7
37 62
36 3
15 1
24.2
.767
968
22, 000
20, 755
9,368
468
8,786
126.3
RAYON AND MANUFACTURES AND SILK
Rayon yarn and staple fiber:
Consumption:
Filament yarn
mil oflb
Staple
fiber
do
Stocks, producers', end of month:
Filament yarn
do
Staple
fiber
_
do __
Imports
thous. oflb
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. per lb__
Staple fiber, viscose, 1H denier
do _
Rayon broad -woven goods, production, quarterly
thous of linear yards
Silk, raw:
Imports
thous. oflb
Price, wholesale, Japan, white, 13/15 (N. Y.)
dol. per lb__
WOOL
10.5
10.0
10.5
10.5
r
2.8
3.7
3.5
0
8.4
4.0
8,960
6.1
2.0
10.3
3.9
7,463
12, 457
12, 958
11, 845
12, 075
8,581
7,373
10.1
3. 6
8,770
5,311
12 7
4 2
9 696
.740
.370
.755
.370
.760
.370
.760
.370
.770
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
11.2
569, 460
902
3.42
Consumption (scoured basis) :§
38, 948
Apparel class
__
thous. oflb
15, 768
Carpet class
do
Imports
do
74 833
Prices, wholesale, Boston:
2.045
Raw, territory, 64s, 70s, 80s, scoured ___dol. per lb._
Raw, bright fleece, 56s, 58s, greasy, 47 percent
.778
shrinkage
dol. per Ib
Australian, 64s, 70s, good topmaking, scoured, in
1.965
bond
dol. per lb__
1,307
3.8
0
630 093
602 000
1,500
1,152
4.7
9,739
.780
.400
.780
.400
598 000
748
628
576
499
395
375
364
5.35
25.62
25.62
25.21
24.58
24.37
24.30
24.13
40, 255
16, 590
73 139
29, 656
13, 248
50 179
27, 944
12, 716
66 761
42, 940
12, 270
74 711
33, 724
7,200
55 243
33, 424
6 512
44 005
30, 700
2,395
33, 754
28, 964
4.392
3 2. 230
727
2
3.40
3.51
3.72
4.11
44, 390
18, 360
57 006
38, 004
16, 704
49 356
38, 695
18, 380
51 917
28, 896
14 364
42 994
2.481
2. 469
2.540
3 2. 650
3
3. 340
3 3. 600
3 3. 750
3 3. 338
3.130
3 2. 850
3 2. 600
3
1. 131
3
1. 420
3 1. 535
1.564
1.325
1.236
1.125
.982
.872
3 2. 600
3
3. 240
3 3. 450
3 3. 600
3 3. 275
3 3. 010
3 2. 825
3 2. 450
3 2. 200
.892
.909
.973
2.725
3 2. 515
3 2. 560
r
WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms:©
Woolen and worsted:
110
119
145
136
124
105
106
153
102
133
140
Pile and Jacquard thous of active hours
145
r
1,984
1, 680
2,391
2,346
2,502
2,346
1,852
2,272
2,258
2, 200
2,275
Broad
do
2 252
16
25
22
22
21
18
17
13
15
20
30
Narrow
do
18
Carpet and rug:
46
172
164
168
160
177
162
163
148
120
172
Broad
do _
116
25
64
83
81
92
85
86
88
85
73
Narrow
do
87
64
Spinning spindles:
r
58, 400
76, 973
73,
704
96, 134
87, 513
91, 915
78, 103
76,
926
75,
376
Woolen
do _ _
76, 483 4 78, 464
79
102
* 75, 900
115, 284
120, 695
110, 948
* 95, 260 4 89, 941 4 111, 730 4 104, 316 4 100 875
108 779
115, 302
102 780
Worsted
do
130
191
164
185
233
227
233
139
194
176
200
^Vorsted combs
do
184
Wool yarn:
4
4
4
4
4
r 4
4
50.
000
69, 736
76, 480
59 664
60,
268
57,
744
77 785
76
445
59
248
69, 848
81, 815
Production total §
thous oflb
59
372
4
4
5, 000
9,585
7,832
8, 105
6,084
8,384
8,300 4 4 7, 312 4 4 6, 816 4 4 8, 655 r T4 4 6, 524
6 312
Knitting §
do
4
4
38, 000
41 320
48 075
52 970
44 180
37 048
35 460
48 440
50 235
"Weaving §
do
37 480
42 180
44 796
r
4
7,000
11, 404
17 724
20 300
15, 908
15, 468
17, 555
Carpet and other §
do
16 668
19 260
16 100
21 045
10 880
Price, wholesale, worsted yarn (Bradford
4.175
4.125
4.754
weavine svstem) 2/32s_
dol. oer I b _ _
2.975
3.665
4.175
r
1
2
Revised.
No quotation.
Substituted3 series. Data beginning
January 1951 represent a composite wholesale price for raw silk, Japan, white, 20-22 denier, 87 percent, AA
4
grade tested; December 1950 quotation, $4.55.
Nominal price.
Includes operations on the American system in cotton mills which were previously reported as cotton-system
spindle operations; data beginning 1951, therefore, are not strictly comparable with earlier figures. For January 1951, the activity of these spindles not previously attributed to the
worsted system amounted to approximately 5.3 million active hours weekly and 1.2 million pounds of yarn spun.
11 Data for September, November 1950 and January, April, and July 1951 cover 5-week periods and for other months, 4 weeks; stock data and number of active spindles are for end of
period covered.
§Data for September, November 1950 and January, April, and July 1951 cover 5-week periods; other months, 4 weeks.
©Beginning 1951, looms weaving fabrics princinally wool by
weight.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October 1951
1951
1950
August
September
November
October
December
January
February
March
April
July
June
May
1 August
i
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES—Continued
Woolen and worsted woven goods, except woven
felts :t
Production, quarterly, total
thous. of lin. yd
Apparel fabrics, total
_
. __
do _ _
Government orders
do
Other than Government orders, total. .do
Men's and boys'
do
Women's and children's.
_
do
Nonapparel fabrics total
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, f. o. b. mill:
Suiting, unfinished worsted, 13 oz dol. per yd
Women's dress goods, flannel, 8 oz., 54-inch
dol. per ycL.
104, 953
89, 850
110, 179
* 95, 702
* r81, 737
9, 517
r
72, 220
r
38
025
r
34, 195
r
13
965
r
4, 781
r
9 184
93,310
4,418
88, 892
43, 397
45, 495
16, 869
5,011
1,293
88, 557
41, 158
47, 399
15, 103
4,987
11,858
10, 116
3.440
4.084
4. 306
4.306
4.306
4. 306
2.624
2.772
2. 846
2. 846
2.846
2.846
96, 700
79, 753
23 451
56, 302
29 582
26, 720
16 947
8 065
8 882
_
3. 514
(0
3. 514
3.302
3.302
3.302
207
103
3. 302
TRANSPORTATION EQUIPMENT
I
AIRCRAFT
Civil aircraft, shipments
Export^!
_
... number.
do
354
48
301
84
204
40
242
'53
305
85
255
114
239
60
273
78
247
64
248
96
216
66
818, 123
457
374
682, 782
669, 550
134, 884
722, 842
423
345
616, 827
602, 423
105, 592
93, 378
760, 566
553
502
651, 169
635, 544
108, 844
97, 116
603, 567
584
507
504, 445
490, 855
98, 538
80, 832
640, 925
664
601
606, 833
661
631
478, 589
459, 567
127, 583
109, 262
618,321
755, 022
829
792
617, 399
588, 435
136, 794
639, 272
819
764
503, 038
652, 727
742
702
511, 938
482, 263
140, 047
617,685
121,461
134,818
115,079
23, 070
r 24, 530
10, 671
"r 27, 348
13, 706
«• 13, 642
* 12. 544
38, 984
22 573
r 16, 178
6, 741
6,366
6, 257
6, 483
6, 265
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks, total
Domestic
numberdo
do
do
do
_.- ~. .. do . .
do
Exports totalt
Passenger cars
Trucks^
Truck trailers, production, total
Complete trailers
Vans
All other
Trailer chassis
Eegistrations:
New passenger cars
New commercial cars
_
_
__
121,303
do
do
do
24. 927
11, 286
13, 641
22, 724
10, 906
do
do
do
. __do _ _
do
6,614
6, 435
3, 735
6, 770
6, 533
3,944
2,535
179
2, 589
237
683, 995
126, 533
625, 755
113, 750
5,203
2,787
2,787
2,395
2,395
do
_ do
2.700
11,818
12,399
521,371
507, 120
118,890
103, 522
r 11,986
T
r
28, 737
12,559
6,124
6,077
3,952
237
2,187
242
4, 106
1,971
180
580, 373
101, 169
444, 193
84, 142
552, 259
89, 273
472, 766
88, 058
5, 501
5,791
3, 352
5,949
4,405
4,405
58
58
58
0
5, 701
3, 966
3, 965
1, 735
54
54
54
0
6,504
3, 969
3,937
2,313
218
521
483
505, 865
481, 239
111,935
94, 834
118,235
35, 580
19, 382
16, 198
' 42, 668
6,044
5,841
3,669
2,172
203
430, 797
78, 581
475,316
135,415
117,483
r
' 19, 553
43, 424
'r 25, 449
17, 975
43, 174
24, 189
18, 985
7,102
6,351
6,861
352
3,613
2,916
332
512, 599
86, 287
467, 313
84, 961
470, 446
90, 627
7,011
8,274
r 23, 115
6,809
3,950
2,859
293
5,999
3,459
2,540
838
773
482, 029
457, 293
16,411
T
r
r
r
r
492, 316
665
630
381 407
359,
276
r
110,244
91,517
r
549, 708
783
778
426 932
404 590
121 993
99 007
38, 385
20 646
17, 739
5, 591
5 330
2, 685
2, 645
261
4,684
454, 665
87, 461
406 333
84 021
424 422
87 646
9,644
23
17
6
6
7,185
7,185
2 459
38
34
13
4
5 290
4,014
4 014
1 276
19
19
10
0
7 183
5,156
5 156
2 027
14
14
14
0
6,529
4 452
1 984
2,468
232
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
_ _ . _ numberEquipment 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 ownership
Orders, unfilled
number
Equipment manufacturers.
do _._
Railroad shops
_ ._ do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number. _
Percent of total on line
Orders, unfilled:
Steam locomotives, total
__number._
Equipment manufacturers
do
Railroad shops _ __
. . _ _ _ - _ _ do_ ._
Equipment manufacturers
Railroad shops
Exports of locomotives, total
Steam
Other
5, 131
2,444
2,444
3,352
2,439
5,842
1,544
26
26
21
0
4.514
4, 514
1,328
19
19
12
0
4,966
4,966
2,045
5,781
5,781
2,493
9,775
7,198
7,198
2,416
104
102
102
2
2, 736
70
63
63
7
3, 057
71
71
71
0
1,719
1,719
1,717
1,717
1,718
1,719
1,721
1,722
1,727
1,731
1,736
1,736
1,737
108
6.3
76, 582
48, 220
28, 362
102
5.9
94, 557
63, 485
31, 072
98
5.7
107, 994
76, 279
31, 715
93
5.4
110, 781
79, 493
31, 288
89
5 2
109, 174
78, 137
31,037
86
5.0
126, 438
91, 431
35, 007
84
4.9
135, 936
96, 658
39, 278
82
4.8
137, 349
98, 625
38, 724
87
5.0
138, 319
94, 837
43, 482
89
51
134 348
91, 775
42, 573
90
5 2
128 540
86, 935
41 605
96
5 5
125 846
84 858
40 988
91
53
121 359
81 623
39 736
3,239
12.4
3,218
12.4
3,135
12.3
3,111
12.2
3,114
12.3
3, 257
13.0
3,283
13.1
3,317
13.3
3,290
3,077
3,003
3,048
13 0
3,091
13 3
20
0
20
1,419
1,419
0
19
0
19
1,504
1, 504
0
17
0
17
1, 640
1, 640
0
16
0
16
1, 628
1, 628
0
21
0
21
1, 620
1,620
0
21
0
21
1,631
1,631
0
20
0
20
1,863
1, 863
0
18
0
18
1 737
1,737
0
16
0
16
1 823
1,823
14
0
14
1 660
1,660
12
10
do
do
21
0
21
1 367
1, 367
0
12
1 590
1,590
10
1 547
1,547
do
do
do
53
8
45
61
8
53
56
()
56
32
1
31
47
4
43
37
4
33
27
1
26
34
0
34
52
1
51
34
1
33
39
1
38
48
237
216
21
263
234
29
290
255
35
242
218
24
291
271
20
440
393
47
461
398
63
595
519
76
397
354
43
464
420
44
604
519
85
538
484
54
19
7
7
12
29
17
8
12
13.3
2,576
12.7
o
12 6
o
o
o
o
o
o
48
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments total
Domestic
Export
-
._
number
__do
.-- do
r
591
529
62
1
Revised.
No quotation.
fRevised series. Beginning with data for 1951, the Bureau of the Census reports for woolen and worsted woven fabrics refer to goods which are principally wool by weight (i. e., exclude
fabrics containing 25-49.9 percent wool previously included). Production for the third quarter of 1950 has been adjusted by the Office of Business Economics to exclude these fabrics if possible.
^Excludes "special category" exports not shown separately for security reasons.
§Not including railroad-owned private refrigerator cars.
; OFFICE:1951
-INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
24
Advertising
7, 8
Agricultural income and marketings
2
Agricultural wages, loans
15
Aircraft
11,12,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages.,
2,27
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 construction (see Construction).
Building contracts awarded .
_ _ _,
6
Building costs
.
7
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
Carloadings
22,23
Cattle and calves
29
Cement
.
2,5,38
Cereal and bakery products, price
5
Chain-store sales
.
9
Cheese
.
27
Chemicals
2, 3, 4, 5, 12,14,15,18, 21, 24
Cigars and cigarettes
.
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
Debits, bank
Debt, short-term, consumer
Debt^ United States Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments and rates
Drug-store sales
Dwelling units started
2, 5, 14, 27
15
16
17
9, 10, 16
15,16,18
13
27
1,18, 20
8,9
7
Earnings, weekly and hourly
13,14,15
Eggs and poultry
2, 5, 29
Electric power, production, sales, revenues., __
26
Electrical equipment
_.
3, 4, 7,34
Employment estimates
10,11,12
Employment indexes
12
Employment security operations
13
Emigration and immigration
23
Engineering construction
,
6
Expenditures, United States Government____
16
Explosives
_25
Exports (see also individual commodities)
21
Express operations
22
Factory employment, payrolls, hours, wages. _ _
11,
12,13,14,15
Failures, industrial and commercial
4
Farm income and marketings
2
Farm products, and farm prices
__
2, 5
Farm wages
.
15
Fats and oils
5,25,26
Federal Government,
finance
16,17
Federal Reserve banks, condition of
15,16
Federal Reserve reporting member banks..
15,16
Fertilizers
5,24
Fiber products
34
Fire losses
.
--7
Pages marked S
25,29
25
31,32
28
_
_
2,
3,4, 5, 7, 8, 9, 11,12, 14, 27, 28, 29, 30
Footwear
2, 5,8, 9, 12, 14, 15,31
Foreclosures, real estate
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21,22
Foundry equipment
34
Freight carloadings, cars, indexes
22, 23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
2, 5, 21, 27
Fuel equipment and heating apparatus
33,34
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
33,34
Heating and ventilating equipment
Hides and skins
__ 5, 22,30
Highways
.. 6,7
29
Hogs
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
5,8,9
Housefurnishings
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 disputes, turn-over
13
Labor force
10
.
29
Lamb and mutton...
29
Lard
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
Fish oils and
Flaxseed
Flooring
Flour, wheat
Food products
Mail-order houses, sales
fish
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 product1
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
23
Passports issuedPayrolls, indexes
12
Personal consumption expenditures
8
1
Personal income
1
Personal saving and disposable income..
2,
Petroleum and products.
" 3, 4, 5, 11, 12, 13, 14, 15, 21, 22, 35, 36
32
Pig iron..
Pages marked S
Plant and equipment expenditures
1
Plastics and resin materials, synthetic.
26
Plywood
31
Population
10
Fork
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
Pulp wood
36
Pumps
34
Purchasing power of the dollar
6
Radio advertising
„
7
Railways, operations, equipment,financialstatistics, 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
Saving, personal
1
Savings deposits
16
Securities issued
18.19
Service industries
8, 11
Sewer pipe, clay
38
Sheep and lambs
.
29
Shipbuilding
11, 12, 13, 14
Shoes
2, 5, 8, 9,12, 14, 15, 31
Shortenings
26
Silk, imports, prices
6, 22, 39
Silver
18
Skins
5,22,30
Slaughtering and meat packing
2,
11,12,14,29
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap
32
Stocks, department stores (see also Manufacturers' inventories)
10
Stocks, dividends, issues, prices, sales, 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
Washers
Water heaters
„
Wax
.
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
Wood pulp
.
Wool and wool manufactures
Zinc-
13,14,15
34
34
36
19,28
5,6
10
36
2, 6, 22, 39, 40
33
flow amliable
Business
Statistics
ZJhe Statistical
Kefeerence
fo
(Current
Every month in the year the Survey of Current Business reports the latest economic c/eve/opmenfs, and analyzes
them for the business world. For more than a year it has been detailing the transition from "business as usual"
to accelerated defense mobilization. In the cold figures of its 40 pages of business statistics—more than 2,600
series in all—the dynamic movement of the national economy is measured and recorded.
Every 2 yearsf business indicators are rounded up for a 300-page review of recent statistics in the light of
those for years back—all the way back to 7935. These are published in BUSINESS STATISTICS—the statistical
reference for current business analysis, a supplement to the statistical series which appear in the Survey of Current
Business. Providing monthly data from January 1947 through December 1950 and annual averages of monthly
data from 1935 through 7950, it is a basic handbook for businessmen and economists—particularly useful for
those now engaged in defense work.
• Business Statistics provides complete coverage
with business indexes on production, shipments, orders, inventories, farm marketings, income—statistics on plant and
equipment expenditures, construction, employment, wages,
pay rolls, postal receipts, securities and commodity markets—
authoritative figures on exports, imports, transportation and
communications, commodities, and many other classifications
for business use.
• Business Statistics presents comprehensive descriptions and explanations of all statistical data covered in its
tables and in the monthly Survey of Current Business,
furnishing the reader with information essential to the proper
use of the data. Definitions of the statistical units employed,
methods by which they are collected, and adequacy of samples
are among the items included. In addition, the notes direct
the reader to sources of monthly and annual data prior to
January 1947 and call attention to changes in the nature of the
data affecting their comparability. Exact sources are listed.
All tables carry complete annotations for meaningful use.
• Business Statistics continues a chain of prior
Statistical Supplements to the Survey of Current Business
which appeared in 1932, 1936, 1938, 1940, 1942, 1947 and
1949, and provides historical coverage for many series as far
back as World War I.
$1.50 per copy, BUSINESS STATISTICS is now available from the nearest Department of
Commerce field office or from the Superintendent of Documents, U. S. Government Printing Office,
Washington 25, D. C.
UNITED STATES DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
@FedFRASER