Full text of Survey of Current Business : October 1953
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OCTOBER
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1953
SURVEY
OF C U R R E N T
BUSINESS
DEPARTMENT OF COMMERCE
FIELD SERVICE
l-,^\ No. 10
OCTOBER 1953
Albuquerque, N. Mex.
204 S. 10th St.
LOB Angeles 15, Calif.
112 West 9th St.
Atlanta 3, Ga.
86 Forayth St. NW.
Memphis 3, Tenn.
229 Federal Bldg.
Boston 9, Mass.
261 Franklin St.
Miami 32, Fla.
36 NE. First St.
Buffalo 3, N. Y.
Minneapolis 2, Minn.
117 Ellieott St,
1
3
Financing Business Investment . . . . . . .
5
Area Shifts in International Transactions . .
8
*
*
New Orleans 12, La.
333 St. Charles Ave.
Cheyenue, Wyo.
307 Federal Ofiice BIdg.
New York 13. N. Y.
346 Broadway
Chicago 1, III.
221 N. LaSaile St.
Philadelphia 7, Pa.
1015 Chestnut St.
Cincinnati 2, Ohio
755 U. S. Post Office
and Ctistom House
T»T
Cleveland 14, Ohio
925 Enclid Am
SPECIAL ARTICLES
Agricultural Marketing and Income
United States Foreign Aid in Fiscal Year 1953 .
*
*
11
15
*
MONTHLY BUSINESS STATISTICS . . S-l to S-40
Statistical Index .
Inside back cover
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office of Business Economics, M. JOSEPH MEEHAN,
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Marqoette Are.
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Area 2.
Sergeant Jasper Bldg.
PAGE
THE BUSINESS SITUATION
National Income Trends
607
Dallas 2. Tex.
lll4Coinm«rcsSi*
Denver 2, Colo.
142 New Custom Honit
Defroit 26, Mich.
1214 Griswoid St.
Phoenix, Ariz.
V, Second Ave.
Pittsburgh 22, Pa.
717 Liberty Are.
Portland 4, Oreg.
520 SW. Morrison St.
Reno, NOT.
1479 Wella ATO,
Richmond, Va.
400 East Main St.
St. Louis 1, Mo.
1114 Market Si.
El Paso, Tex.
Chamber of Commerce
Bldg.
$a]t Lake City 1, Utah
109 W. Second St. So.
Houston, Tex.
430 Lamar St.
San Francisco 2, Calif.
870 Market St.
Jacksonville 1. Fla.
311 W. Monroe Ss.
Saraanah, Ga.
125-29 Bull St,
Kansas City 6, Mo.
911 Walnut St.
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
devoted to U. S. Government
OCTOBER 1953
uauon
By the Office of Business Economics
B,
Personal Income
This year higher personal income has stemmed
from advances in the private nonfarm sector
$
BILLION
(SEASONALLY ADJUSTED, AT ANNUAL RATES)
350
TOTAL PERSONAL INCOME
300
250
200
PRIVATE NONFARM INCOME
150
100
FARM INCOME
INCOME FROM GOVERNMENT
Distributive and service industries account for an
increased share of private PAYROLL gains
$
BILLION
(SEASONALLY ADJUSTED, AT ANNUAL
COMMODITYPRODUCING
INDUSTRIES
2
I
3
RATES)
DISTRIBUTIVE AND
SERVICE INDUSTRIES
4
1952
I
2
3 *
1953
CHANGE FROM PRECEDING QUARTER
* BASED UPON JULY AND AUGUST DATA
U. S. DEPARTMENT
OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
^
273279°— 53
53-116-I
BUSINESS activity in the closing weeks of the summer
continued at a high rate, with the large flow of income to
individuals remaining the mainspring in the maintenance of
a strong consumer demand. Some of the basic economic indicators, however, have either stabilized or eased off from their
highest levels. These tendencies reflect a lessening in the
intensity of demand for some products, although apparent
shifts in the seasonal movements in some cases make it difficult to evaluate the basic trends.
The flow of personal income, at a $287 billion seasonally
adjusted annual rate in both July and August, was about 1
percent above the second quarter average. As indicated by
the chart, payroll disbursements in the distributive and service industries, which lagged behind the commodity-producing
industries in the payroll spurt during the last half of 1952,
have accounted for an increasing proportion of this year's
payroll advance. Since the start of the year employment in
this area, which covers trade, transportation, utilities, finance, and the service industries proper, has advanced by
almost one quarter of a million persons and average earnings
have shown a steady rise. Disbursements in these industries account for about half of private industry employee
compensation.
Unemployment, which fell to a postwar low of 1.2 million
in August, was unchanged in September. Nonagricultural
employment dropped as students returned to school.
In August sales of retail stores failed to recover as much as
usual from July and showed a 2 percent decline on a seasonally adjusted basis. Consumer credit outstanding was
$0.2 billion higher in August than in July, an increase little
more than half the average rise during the past year; as
usual, most of the latest expansion represented installment
• loans for the purchase of automobiles.
Business buying is becoming more closely adjusted to
current sales levels, as indicated by the slackened rate of
inventory accumulation. Inventories held by manufacturing and trade firms increased on a seasonally adjusted
book-value basis by $450 million in August as compared
to $650 million in July and a $700 million average monthly
rate in the second quarter. Physical additions to inventories
were down from the second quarter somewhat more than
the book-value data would indicate, as higher replacement
costs were absorbing a larger share of the dollar increases.
Most of the August accumulation was at the manufacturing level, with the increase in stocks equally distributed
between durable goods' producers and nondurable goods
manufacturers. The August advance in trade inventories
was less than $100 million, after seasonal correction.
The adjustment of inventory investment from the exceptional second quarter rate was taking place without much
disturbance to the long-continued stability of prices. The
wholesale price index, after a small increase in July, was
little changed in August and September. Downward adjust-
SURVEY OF CURRENT BUSINESS
ments in recent weeks in some of the crude or semifabricated
industrial materials, especially certain metals, including
steel scrap, lead, and zinc, were roughly offset by some
recovery in copper scrap and tin, and by minor changes in
other sectors of the price structure. The consumers price
index continued to edge up, with most major segments showing fractional rises in August, but the entire change from
a year ago has been about one-half of 1 percent.
New and unfilled orders off
During the second quarter, manufacturers' new orders,
seasonally adjusted, had reached their highest level since
the early days of the defense buildup. In July and August
they declined substantially, chiefly as a result of the cancellation of orders for military hard goods. Hence, the cutback
in new orders, which are reported net of cancellations, was
confined to the durable goods industries; in the nondurables,
July and August new orders maintained the high volume of
the second quarter.
Most affected by the summer new order reduction were
the industries in the transportation equipment group, which
includes the aircraft and motor vehicle companies; new
orders in this group, net after cancellations, were only 59
percent of shipments for the 2 months. The unfilled orders
backlog remaining, although down $2 billion since June,
still amounted to over 9 months' shipments at the August
rate. Substantial reductions also occurred in the new orders
of the primary metal and machinery industries the latter
group having some defense orders canceled while the former
was affected by reduced order placements for steel and
nonferrous metals.
New orders received by the fabricated metal products
group and the "all other" durables group, whose products
are destined to a relatively greater extent for civilian use,
held up better than other durable goods industries.
New construction volume, because of exceptionally favorable building weather in early spring, has not risen as much as
is usual since then; nevertheless, the amount put in place
during the summer, on an unadjusted basis has exceeded any
previous period. Private commercial, institutional and public utility building are persistently making a relatively
better showing than private residential and industrial construction. The number of new dwelling units started in
recent months has been below the corresponding period of
1952; in the first 8 months, however, 770,000 units were
begun, virtually the same number as in the same period of
1952.
Industrial production slightly lower
Industrial activity apparently edged lower in September,
with some curtailment in steel, crude and refined petroleum
operations, and automobiles—the latter, in particular, an
industry in which the shifting seasonal pattern of production
precludes the attachment of much significance to shortterm changes. Reductions in these industries more than
offset further small increases in industrial chemicals, paperboard and bituminous coal. At least part of the curtailment
in steel and automobiles was due to factors other than reduced
demand.
In the automobile industry, supply problems, particularly
the reduced flow of automatic transmissions, assembly line
closings for inventory adjustments in some plants, and the
beginning of the model changeover season kept September
completions of new passenger cars to 475,000 units, a drop of
7 percent from August, and the lowest monthly volume since
January. Truck production also moved downward.
October 1953
Preliminary figures for September indicated that production of television receivers has been maintained at the high
August rate of over 7.2 million sets per year.
The steel industry, after experiencing an extended period of
capacity operations, has been operating under less pressure iil^
the most recent months. This is also true of certain other
industries where operations previously had been maintained
at or near capacity rates to meet final demand and inventory
augmentation. Supplies of finished steel products, with few
exceptions, have reached an approximate balance with demand. Since inventories in the hands of fabricators have
been rebuilt to a point where they are now at or close to
normal, inventory demand has dwindled. Some metal-using
industries are now consuming less steel than in earlier months,
partly because of seasonal variations, while others have
shortened their forward commitments in the belief that
ample supplies will be available to satisfy near-term requirements.
Reflecting these changed conditions, steel mill operations
in the third quarter averaged 93 percent of rated capacity in
effect on January 1, 1953. This rate in terms of tonnage
was equivalent to 27.6 million tons of steel ingots and
castings, moderately below the near-capacity volume of the
first half of the year but higher than in any quarter prior to
last October.
In September, some loss of production resulted from a 2week work stoppage affecting a portion of the industry.
Following settlement of the dispute, the weekly rate then
recovered to about 95 percent of rated capacity, or somewhat higher than the average for August.
The high rate of steel operations since September 1952,
when the industry had completely recovered from the effects
of the steel shutdown in midsummer of that year, is reflected
in the record flow of semifinished and finished steel products/
to domestic consumers (domestic production plus imports
minus exports).
1950
1st quarter
2d quarter
3d quarter
4th quarter
15.6
17. 6
17.7
18.9
(Millions of short tons)
1951
1952
19.7
20. 1
18.6
19.2
19.0
12. 1
13.7
20.2
1953
20.5
21. 1
* 19. 6
Total
72.2
78.9
68.0
1. Estimated by Office of Business Economics.
Source: U. S. Department of Commerce. Production data from
American Iron and Steel Institute.
In the nonferrous metals group, copper supplies have also
become easier under the impact of high domestic production
and a large volume of imports. Deliveries of refined copper
to fabricators in July and August were more than one-fourth
below the peak rate of the second quarter of the year.
Aluminum, on the other hand, continues to be produced in
record volume.
The removal on November 1 of all controls on the civilian
use of nickel will mark the near-elimination of the Koreanperiod controls program for the metals. After that date only
columbium and tantalum will remain under use restrictions.
In the petroleum industry, output has recently been running in excess of current requirements with the result that
inventories of most refined products have risen. Resulting
cutbacks in output of crude and in runs to refineries have
brought the output of refined products slightly below the
high August volume.
Output of mills producing paperboard, a material having
wide industrial uses for packaging finished products, continued to advance in September, after adjustment for
seasonal influences. Production of bituminous coal has
also moved upward, on a daily average basis.
SURVEY OF CUEEENT BUSINESS
October 1953
National Income Trends
ATIONAL income has continued to expand during 1953,
with both payrolls and corporation incomes rising in the
second quarter.
At seasonally adjusted annual rates, national income in
the second quarter amounted to $311 billion, $4 billion
higher than in the opening quarter of the year. Employee
compensation rose $3/£ billion from the first quarter of the
year. This advance, together with a rise of $1^ billion in
corporate earnings, more than offset a $1 billion decline in
farm proprietors' income.
Data on third-quarter national income are not available
at this time, but a further increase is suggested by the movement of components for which data are available. The sum
of these components, which do not include corporate profits,
reached a seasonally adjusted annual rate for July and August combined around $2% billion above the second-quarter
rate, a rise about equal to that from the first to the second
quarter. These increases were due primarily to larger
private industry payrolls, reflecting higher average employment and wage rates. It may be noted, however, that
salaries and wages in August receded fractionally from the
July totals.
Recent payroll gains have been more heavily concentrated
in the distributive and service industries (see chart on page
1) than was the case in the latter half of last year, when the
commodity producing sector accounted for a disproportionate share of the change.
had the effect of raising slightly the rent component of
national income.
The corporate profits share represented one-seventh of total
second-quarter national income, close to the same proportion as in 1950-51 and fractionally higher than last year.
Corporate profits up
Corporate profits before taxes rose to the seasonally adjusted annual rate of $45.9 billion in the second quarter of
this year, according to preliminary estimates. This was a
gain of 3 percent over the first quarter, and was $8 billion
Corporate Profits
BILLIONS OF DOLLARS
60
PROFITS BEFORE
TAXES
40
INVENTORY LOSSES
CORPORATE EARNINGS
(PROFITS BEFORE TAXES PLUS
INVENTORY VALUATION ADJUSTMENT)
Distribution of national income
Changes in the relative distribution of national income
since 1952 have, as usual, reflected shifts in the comparative
importance of various industries; changes within individual
industries have generally been minor. The most important industry shift in the first half of this year was the continued decline in agriculture, which tended to depress the
proportion of national income going to farm proprietors and
to increase correspondingly the percentages accounted for by
other major sources.
Proprietors' income in the second quarter amounted to
$39K billion at annual rates, as the agricultural component
totaled a billion dollars less than in the first quarter of the
year. With farm prices averaging about the same in the
opening months of the third quarter as in the second, and7
the volume of marketings unchanged, farm operators
income in July and August did not differ markedly from the
second quarter average. Nonfarm proprietors' income in
the second quarter was unchanged from the first, and, mirroring the plateau in retail sales, appears to have remained
stable in the summer quarter as well.
Employee compensation in the first and second quarters of
1953 represented nearly 67 percent of the national income—
up slightly from last year. In nonagricultural industries as
a whole, the percentage of income accounted for by employee
compensation was unchanged over this period.
Rental and interest income, which together presently
account for slightly under 6 percent of the national income,
remained relatively unchanged from the first to the second
quarter of the year. Data for August indicate that the
decontrol of rental housing, which came in the third quarter,
PROFITS
I960
AFTER
1951
TAXES
1952
1953
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-116-2
above the corresponding quarter of 1952. It marks a continuation of the advance which began a year ago with the
recovery of the economy from the effects of the steel strike,
and which by mid-1953 had carried profits to the highest
quarterly total in 2 years.
Inventory profits a minor factor
Limited price advances from the first to the second quarter
of this year, particularly in metals and metal products, set
up minor differences between the current market value of
inventories turned over and their book value chargeable to
cost of sales. Book profits of manufacturers in some lines
were inflated by this difference. Of the $45.9 billion (annual
rate) of second-quarter profits before tax, however, only
about $0.5 billion is directly attributable to rising prices of
inventory goods.
SURVEY OF CURRENT BUSINESS
In this respect the situation in the second quarter of 1953
contrasted sharply with that at the profits peak in late 1950
and early 1951, when profits at a seasonally adjusted annual
rate of just over $50 billion included nearly $9 billion due to
such price increases. In terms of the rate of earnings from
current output apart from this factor of inventory valuation—
the measure used for national income purposes—secondquarter 1953 profits were higher than in that period. (See
chart.)
After-tax profits advance
On a seasonally adjusted annual rate basis, profits after
provision for Federal and State taxes moved up about a halfbillion dollars in the second quarter, to the highest point
since the first quarter of 1951.
Table 1.—National Income, 1950-53
[Billions of dollars]
Seasonally adjusted at annual rates
1950
1951
1952
1
National income _
;
1952
11
III
IV
1953
i
II
240.6 278.4 291.6 286. 8 287.9 290.4 301. 4 306.7
310. 7
Compensation of employees
153. 4 178.9 193. 2 187.9 189. 5 194. 1 201. 3 204. 5 208. 0
Wages and salaries
145.6 169. 8 183. 6 178.6 180. 1 184.4 191.3 194. 5 198. 0
Supplements to wages and
7.9
9.6 10.0 10.0
9.1
9.3
9.5
salaries
9.6
10.0
Proprietors' income 1.__
Rental income of persons _
_. 37.0
Corporate profits and inventory
valuation adjustment
Corporate profits before tax_
Corporate profits tax
liability
Corporate profits after
tax
-Inventory valuation adjustment
Net interest
.
.
8.5
41.6
9. 1
41.1
10.0
40.8
9.6
41.6
10.0
41.3
10.2
40.7
10.3
40.4
10.4
39.3
10.4
36.0
41. 0
42.4
43.7
40.2
39.2
41.7
41.5
39.9
38.2
37.7
37.0
41.7
40.3
43.8
44.6
45.2
45.9
18.2
23.6
20.6
21.8
20.1
19.4
21.2
24.4
25.0
22.7
20.1
18.6
19.7
18.0
17.5
19.1
20. 3
20.8
-1.3
1.0
.2
1.7
.7
1.4
8
—.6
6.4
7.0
6.7
6.9
7.1
7.4
7.6
7. 7
-5.0
5.7
1. Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
It should be noted that estimates of current quarterly
profits are necessarily preliminary. They are based largely
on sample information, which cannot yet be checked against
the annual tax return data which will be used in the final
estimates. Under present conditions, the available current
information on profits before tax is somewhat more satisfactory than that on taxes arid after-tax profits, mainly
because of uncertainties concerning the effective rate of the
excess profits tax.
Dividends stable
Corporate dividend payments were at an annual rate of
$9.4 billion in the second quarter, up only slightly from the
first quarter. On a seasonally adjusted basis, total dividends
paid in the first half of 1953 amounted to about 45 percent of
profits after tax. This represents a somewhat smaller disbursement relative to profits than in either half of 1952,
when nearly 50 percent of total profits after tax was distributed to shareowriers. The recent decline is in accordance
with the recognized tendency for dividends to respond only
slowly to changes in earnings. For the corporate sector as a
whole, the larger undistributed profits of the second quarter
were used along with funds from other sources to finance
an expanded investment in inventories and other assets as
described elsewhere in this issue.
October 1953
On a seasonally adjusted basis, corporate dividend disbursements have been about the same in the third quarter as
in the second.
Profits generally higher in manufacturing
Total profits before tax for all manufacturing corporations,
unadjusted for seasonal variation, advanced 8 percent from
the first to the second quarter. This rise, which contrasts
with first-to-second-quarter declines of 4 percent in 1952 and
6 percent in 1951, carried the total to a point about onefourth above the second quarter of last year. The change
from the first quarter reflects an advance of around 4 percent
in sales, and some increase in average profits per dollar of
sales.
In terms of seasonally adjusted annual rates, profits of
manufacturing corporations in the first half of this year were
about 20 percent above the full year 1952. Recoverv from
the effects of last year's steel strike is partly responsible for
the improvement. Both sales and margins have risen, the
gain in the latter having occurred along with an advance in
corporate employee compensation.
With both payrolls and profits higher, income originated
in manufacturing expanded about 13 percent from 1952, to
increase slightly its relative importance in the all-industry
total.
The industrial pattern of second-quarter profits within the
manufacturing group reflects the broad base upon which current high-level business activity rests. In nearly all major
industries profits were above the corresponding period of
1952—higher by 10 percent or more in the cases of such
important groups as textiles, apparel, paper, chemicals, products of petroleum and coal, stone, clay and glass products,
electrical machinery, automobiles, and primary and fabricated metal products. First-to-second-quarter changes comparing favorably with those recorded in the 1950-52 period
occurred in more than half the major industries, and were
particularly notable in the metal-working group, chemicals
and allied products, lumber and timber, stone, clay and glass,
and tobacco.
In the metal manufacturing industries, profits before tax
rose about one-seventh from the first to the second quarter.
In the corresponding period of last year there had been a
decline of one-third, as steel production dropped to 18 percent of capacity in June, and in 1951 there had been little
change between the first two quarters. The recent increase
stemmed largely from a rise in sales.
The composite price index for finished steel, which advanced during the second quarter, continued its rise into the
third, but an increasingly competitive situation is now developing with a number of companies recently announcing
adjustment in freight charges favorable to consumers. Most
of the major steel products continued in strong demand in
the third quarter, though ingot output dropped from 100
percent of capacity in the first quarter to 99 in the second
and 93 in the third quarter.
Prices of several important nonferrous metals and products
declined in the third quarter, and brass mill business fell off
significantly as military demand slackened and customers
reduced their inventories.
Profits before tax in the chemicals and allied products
industry, although down slightly from the first quarter,
registered a smaller decline than in the corresponding period
of either 1951 or 1952, sales having been well maintained
this year.
The lumber and timber industry experienced the largest
first-to-second-quarter rise in corporate profits since 1950.
October 1953
SURVEY OF CURRENT BUSINESS
Table 2.—Corporate Profits Before Tax, by Major Industries, Quarterly
[Millions of dollars]
1953
1952
I
All industries, totaL
Mining
Manufacturing
Durable-goods industries
Nondurable-goods industries
11
I
III
11
I
IV
III
II
12, 101
11,027
10, 070
10, 465
10, 085
9,607
9,516
10, 008
10. 875
446
446
423
483
459
345
383
528
387
395
7, 433
4, 055
7,020
3,961
3,059
5, 881
3,168
2,713
6,002
3,442
5,732
3,251
2,481
5,475
3,152
2,323
5,160
2,662
2,498
5, 524
3,196
2,328
6,310
3,667
2,643
6,797
4,105
2,692
578
3, 37i
2, 560
11,497
Transportation
391
465
462
620
402
417
546
629
453
Communications and public utilities
729
614
508
663
821
686
597
737
904
790
3,102
2,482
2.796
2,697
2,671
2,684
2,830
2,590
2,821
2,937
All other industries
Source: U. S. Department of Commerce, Of lice of Business Economics.
Somewhat wider margins were the factor immediately responsible. Demand in these lines, and to some extent in
furniture also, may have been affected in the third quarter
by the leveling off of activity in building construction.
The stone, clay and glass industries, where profits have
usually shown a rise from the first to the second quarter,
likewise recorded the largest such advance since 1950. Shipments both of building materials and of glass containers were
up in the second quarter.
Tobacco company profits were substantially higher in the
second quarter with both sales and average margins reflecting
the March rise in wholesale cigarette prices.
Public utilities and transportation
Railroad profits before tax, which account for just over half
the total in the transportation group, rose about one-sixth
from the first to the second quarter. This advance was proportionately about the same as in the 1951 period, and contrasts with an 18-percent decline (partly due to the effects of
the steel strike) from the first to the second quarter of 1952.
Two-thirds of the profits total in the communications and
public utilities group represents earnings of electric and gas
utilities, which declined 20 percent from the first to the second
quarter—about the same relative change as in the corresponding periods of 1950-52. The decrease was due to narrowing margins associated with a seasonal decline in gross
revenues.
The rise in corporate profits in transportation and public
utilities w^as accompanied by an expansion in employee compensation, and these industries together more than maintained their 1952 percentage of total national income
originated.
Income changes in other industries
Corporate profits in other industries generally recorded a
moderate expansion from 1952 to the first half of 1953, in
line with the general growth of business activity. In nearly
all of these industries, the noncorporate form of organization
is common, and the most important changes were reflected
primarily in the net income of unincorporated enterprises
or in compensation of employees.
Among these changes was the decline in income in agriculture which is discussed elsewhere in this issue. Since farm
opera tors' income accounts for about one-third of all proprietors' income, its decline has been a principal factor in the
decreasing relative importance of this share of the national
income.
The rise in employee compensation since 1952 which was
noted above for manufacturing and public utilities extended
also to trade and service, construction, finance, and State
and local government. Data on hourly earnings, which are
available for all but the last two of these groMps, indicate that
higher average pay rates played an important part in the
expansion.
Financing Business Investment
"EM AND for capital funds by business in the first half of
1953 was well above the comparable period last year although
smaller than during the period of sizable inventory buildup
following the outbreak of Korean hostilities. With 1953
investment in new fixed assets only moderately above similar
outlays a year ago, most of the rise from last year reflected
additional working capital requirements. In contrast to the
net decline of $0.7 billion in current assets of business corporations in the first 6 months of 1952, these assets were
increased by about $1.7 billion in the first half of this year.
Expansion of corporate inventories and customer receivables amounted to about $3.6 billion in the first part of 1953,
almost $3 billion more than in early 1952. These increased
requirements were accompanied in both periods by substantial reductions in corporate holdings of liquid assets—
cash and United States Government securities—with the
decline in the first half of this year being somewhat larger
than a year ago.
In the first half of 1953 corporations spent $11.4 billion on
new plant and equipment, about $0.5 billion more than in
SURVEY OF CURRENT BUSINESS
6
the comparable period a year ago. As indicated in last
month's issue, business firms expect that second-half expenditures will be equal to those of the first half of the year.
October 1953
tend to affect the short-run financial picture to a substantial
degree.
Seasonal tax influence
Internal sources expanded
Improved profits—discussed earlier in this issue—have
provided a major source of funds to meet the increased
capital requirements of corporate business. With 1953
dividends only slightly higher than 1952, and with tax rates
unchanged, this increase in earnings was reflected in a $%
billion, or 15 percent, expansion in retained profits from the
first half of 1952 to the first half of 1953.
Financing Corporate Business
Increased retained profits and depreciation allowances
finance higher 1953 investment needs . . .
25 —
20 —
J
o 15o
o
RETAINED
PROFITS
J O •—
DEPRECIATION
5 —
External financing remains high
Investment programs of corporations required a nearrecord volume of money to be raised in the new issues market
this year. While unsettled market conditions in the spring
months resulted in some postponement of programed
security sales, the net inflow of funds from sales of new bonds
and stocks amounted to slightly in excess of $4 billion in
the first half of 1953 equaling the volume raised in the comparable period last year. Preliminary indications for the
remainder of the year based on actual sales in the third
quarter and reported programs for the last quarter suggest
that the total net realization from security sales in 1953 will
be of the same order of magnitude as in 1952. It appears,
moreover, that the bulk of the bond issues postponed earlier
in the year svas rescheduled for issuance in later months.
while the flow of funds from external sources
continued in large volume
:I5 —
<
_j
10 -
BANK
Y//////
LOANS^
z
o
NET
The variable influence of Federal tax accruals and payments in recent years has been of considerable importance in
shaping short-term developments within the corporate sector
with concomitant impact in the money markets. Of special
interest in this connection was the effect of the Mills amendment to the tax laws which provided that beginning in 1951
corporations should pay an increasing proportion of any
given year's profits tax liability in the first half of the following year until, in 1955, tax liabilities are to be fully paid
in the first half of the year.
As may be seen from table 4, in 1950, when corporations
were permitted to pay Federal taxes in four equal instalments,
tax payments in the first and second halves were approximately equal. The progressive effect of the accelerated payment requirement is seen in the following 3 years. The
proportion of total tax payments in the first half of the year
increased from 48 percent in 1950 to an estimated 70 percent
this year.
The table also compares taxpayments with tax accruals
and indicates their net effect on corporate working capital.
Despite the further acceleration of payments required by
law, the net tax drain in the first half of this year was much
less pronounced than in 1952. This reflected the 1953 pay
ment of the lowered 1952 tax liability while increased profits
were expanding tax accruals. If the rate of profits earned
in the first half of 1953 were maintained through the remainder of the year, corporations would be provided temporarily with a net source of funds, on tax account, in excess of
$5 billion in the current half year—a factor which would
operate toward short-term easing in the money markets.
NEW ISSUES
Large bond issues
I960
1951
1952
1953*
* FIRST HALF 1953, SEASONALLY ADJUSTED, AT ANNUAL RATES
U.' S. DEPARTMENT
OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53 - 116*3
In addition to higher retained earnings in the first half of
1953, corporations had available an increased flow of funds
in the form of capital consumption allowances. This source
of funds in 1953 was $1 billion above a year ago, an increase
reflecting not only the influence of expanded stocks of capital
but also the impact of the rapid tax amortization program.
The recent expansion in these internal funds is shown in
the chart. It should be noted that the chart does not include
changes in some sources of funds, such as tax liabilities,
which—though temporary in nature—are quite volatile and
Net proceeds from bond issues accounted for almost twothirds of the $4 billion raised in the first half of the year
through total security issues—the same proportion as was
realized over most of the postwar period. The net proceeds
from stock issues also remained relatively stable both
absolutely and as a proportion of total net issues.
Manufacturers raised about $1 billion from new security
issues in the first 6 months of the year, a substantially smaller
amount than in the comparable period a year ago. On the
other hand, public utilities, which are typically more dependent on external sources of funds, continued to increase their
use of the capital markets in line with their expanded rate of
fixed investment. Total net new money going to these concerns from the securities markets amounted to $1.5 billion
in the first half of 1953. This was slightly higher than in the
SURVEY OF CURRENT BUSINESS
October 1953
same period a year ago and compares with a total of $2.4
billion for the year 1952 as a whole.
Among the other industrial groups, by far the most striking
^change resulted from the new financing undertaken by sales
^finance concerns engaged in extending short-term credit to
final consumers or to dealers
in consumer durables. The
"real estate and financial7' group (which includes these concerns) increased their securities outstanding by $1.1 billion in
the first half of 1953, more than was sold in the entire
preceding year.
Bank loans continued to be an important source of new
funds for corporate business but it appears that demand for
bank money has tapered off from earlier record rates. Outstanding bank debt owed by corporations expanded slightly
over the January-June interval, as compared to an increase
of about $1.5 billion in the corresponding period of last year.
Normally in this period there is some net repayment of bank
debt from the seasonally high end-of-year level. In the
third quarter of this year, bank borrowing approximately
followed the normal seasonal pattern.
Higher financing costs
Terms of financing the volume of external funds raised by
corporate business thus far in 1953 have been somewhat less
favorable than in 1952 or any previous postwar year. The
1953 rise in corporate earnings after taxes was reflected only
Table 3—Sources and Uses of Corporate Funds, First Half Year,
1951-53 i
[Billions of dollars]
First half 2
1951
Uses
Plant and equipment _
. _
Increase in current assets-total
_ _
Inventories (book value)
Receivables. _ _
Cash, deposits, and U. S. Government securities.
Other current assets
Total uses
Increase in other liabilities
Mortgage loans
Bank loans
_
Trade payablcs
_
Federal income tax liabilities
Other current liabilities
_
.__
.
Total sources
Discrepancy (uses less sources)
_
_ _ _
1952
9.9
Federal
Federal
income tax income tax
accruals
payments
1950:
First half - Second half
Year _ .
Accruals
less payments
6.7
10.0
16.7
4.6
4.9
9.5
2.1
5.1
7.2
_
11.7
10.1
21.8
9.5
7.2
16.7
2.2
2.9
5.1
1952:
First half
Second half- - _ _ _ _ _ _ _ .
Year
9.4
9.3
18.7
14.2
7.6
21.8
—4.8
1.7
—3.1
11.1
na
na
213.1
—2.0
na
na
1953:
First half
Second half
Year
_
_
_ _ _ _ _ _ _
25.6
18.7
1. The data on tax accruals are those used in national income estimates prepared by the
Office of Business Economics. Tax payments in any given year are the accruals of the preceding year, with the distribution between the first half and second half of the year based
on actual collections as reported by Internal Revenue Service, U. S. Treasury Department.
2. Estimated.
na. Not available.
Source: Office of Business Economics, U. S. Department of Commerce.
1953 was substantial for all major industry groupings, and
by mid-1953 the ratios averaged well above 1952 and
slightly higher than in 1951. With stock prices down in the
third quarter of this year and no apparent deterioration in
profits and dividends, a further rise has occurred in the costs
of equity financing.
The cost of borrowed funds also tended upward in the
first half year, with the yield on corporate bonds reaching a
postwar high of 3.6 percent in the month of June, approximately 0.4 of a percentage point above the 1952 average.
This increase reflected, on the one hand, the exceptionally
high demand for long-term capital funds by business firms
and, on the other hand, policies of the monetary authorities
aimed at restraining the expansion of credit. Some softening in the money markets occurred during the third quarter,
however, following Federal Reserve Board open-market purchases of Federal securities and reductions in bank reserve
requirements. Long-term interest rates fell fractionally
through September and similar tendencies were noted for
short-term credit. At the present time interest costs remain
above average costs paid in 1952.
10.9
11.4
-1.5
-2.0
21.1
10.2
13.1
6.0
4.2
3.2
1.3
1.9
4.7
5.4
50
6 0
15
14
6.8
4
2.3
1.6
—4.2
—2 1
Liquidity ratio lower
2 2
3
—2.3
—4 8
1i
—1.8
2 0
20.3
9.7
13.4
8
5
— 3
The seasonal reduction of liquid assets in the first half of
1953 and somewhat larger volume of business in this period
reduced the liquidity position of corporations below that of
1952—a continuation of a trend evident since 1949. The
ratio of liquid assets—cash and United States Government
securities—to corporate sales is currently equal to about 9
percent, 1 percentage point lower than in 1952 and roughly
2 points below 1949.
While the current liquidity position of corporations is
somewhat lower than in preceding years, it should be remembered that more efficiency in the relative use of liquid resources is to be expected as the level of business activity
expands. Moreover, some of the near-term prospects are
in the direction of an improvement in liquidity through the
scheduled elimination of the excess profits tax and the
expansion of depreciation charges.
11.2
-
1953
8.2
1.9
.8
.3
-.7
.4
.3
.1
4.2
2.7
4
1.4
1.7
3.0
.6
.1
4.1
2.7
4
.5
8
1. Excluding banks and insurance companies.
2 Not adjusted for seasonal influences.
3. Including depletion.
Source: II. S. Department of Commerce based on Securities and Exchange Commission
and other financial data.
slightly in dividends and not at all in stock prices, with the
result that costs of equity financing, as indicated either by
earnings-stock price ratios or dividend yields, rose from 1952
to mid-1953. Dividend yields were but fractionally higher
in 1953 than in 1952, and were still below yields of earlier
years. On the other hand, the rise in earnings-price ratios in
[Billions of dollars]
1951:
First half
Second half
Year
Bank borrowing lower
Sources
Retained profits 3
Depreciation
N e t n e w issues-total _ . _ _ . _
Stocks
Bonds
Table 4.—Federal Corporate Income Tax Accruals and Payments,
1950-53 *
8
SURVEY OF CURRENT BUSINESS
October 1953
Area Shifts in International Transactions
L HE area breakdown of the change in gold movements and
dollar liabilities in the balance of payments shows divergent
developments among the different geographical areas.
Whereas total foreign gold purchases and additions to foreign
dollar assets amounted to $450 million in the second quarter as against $750 million in the first, those of Western
Europe were about $50 million higher than during the first
quarter. Canadian dollar assets on the other hand declined
by $220 million.
Adding the decline in foreign indebtedness to the increase
in their gold and dollar assets, the improved position of
Western Europe becomes even more obvious. During the
first quarter the total amounted to $590 million, and during
the second quarter to $674 million.
The share of the United Kingdom in this improvement of
the net dollar position of Western Europe amounted to
$314 million during the first quarter and $235 million during
the second.
Special factors contributing to Europe's favorable dollar
position included the relatively large exports of metals, raw
materials and semimanufactures to the United States, the
rising military expenditures including "offshore procurement, " and possibly some of the dollar receipts from other
areas, particularly the Far East. A change in these special
factors would not necessarily reduce Europe's net dollar
receipts by the same amount, however, since some of the
goods or productive resources can be shifted to supply other
foreign markets where dollars may be obtained in payment
for them, or dollars may be saved by reducing the European
deficit.
The decline in net dollar resources of Canada (decline in
dollar assets less decline in dollar liabilities, but excluding
direct investments) of about $130 million appears to be due
in part to seasonal factors. However, the steady rise in
Canadian imports since the beginning of 1952, which was
not quite offset by exports or direct investments, halted the
rise in the Canadian exchange rate and may have contributed to its decline during the last month of 1952 and
the first half of 1953. Apparently the liquidation of funds
held here by Canadian banks and private businesses and
individuals facilitated the large purchases in the United
States without a further decline of the exchange.
Gold and dollar assets less dollar liabilities of Latin America
increased by about $110 million in the second quarter as
compared to $160 million in the first quarter. That the
improvement was not so great seems to be due to the seasonal decline in imports. The overall favorable balance of
payments position, however, appears to be the result of
import restrictions by some countries and relatively depressed business conditions in others.
Europe's dollar position improved
About one-fourth of the change in favor of Western Europe
in the balance on goods and services was due to higher United
States Government expenditures, including military expenditures. The remainder was largely due to commercial
transactions.
Although merchandise imports for Western Europe rose
only by $34 million from the first to the second quarter,
the imports were approximately 25 percent higher than
during the same period last year, and amounted to nearly
21 percent of total imports. This compares with 24 percent
in 1937. Thus most of the loss resulting from the war in
Western Europe's share of total United States imports
has been regained.
The rise in purchases from Europe is in part the result
of rising demand in the United States economy as a whole,
but it also reflects the rising ability of European industry
to satisfy this demand. The one-third decline since the
end of the war in ad valorem tariff rates which are imposed
on many imports of manufactured goods and an even
greater decline in the effect of specific tariff rates contributed
also to the increased sales of European goods in this country.
Purchases from Asia rose
The decline in the United States credit balance on goods
and services with the independent countries of Asia and
Africa resulted from a $76 million increase in merchandise
purchases and a $40 million decline in exports, other than
those supplied under military aid programs. Sugar from
the Philippines and hides from New Zealand accounted for
one-third of the rise in purchases, and military purchases
for another third.
Imports from these countries during the second quartdlj
amounted to less than 17 percent of total imports, as compared with 26 percent in 1937. Increased oil imports from
the Middle East prevented a larger decline. The current
proportion is also somewhat below 1947 and considerably
below 1950 and 1951 when prices of certain raw materials
produced in the area were relatively high.
The export decline to the independent countries of Asia
and Africa during the second quarter was more than accounted for by smaller shipments to the sterling area countries. Chiefly affected were grains and tobacco, the former
reflecting largely an improved supply situation for foodstuffs in most Far Eastern countries except Pakistan.
Exports of machinery and other manufactured products to
that area were relatively stable, suggesting that exchange
restrictions were only a minor factor in reducing purchases
in the United States.
Exports rise to Canada and Latin America
In contrast to these declines, the United States balance
on goods and services with Canada and the Latin American
republics increased substantially. Our credit balance with
Canada rose about $100 million—largely seasonal. The
size of the credit balance was, however, about 20 percent
larger than in 1952 and about 33 percent larger than in 1951.
The rise from previous years was due mainly to higher merchandise exports, particularly automobiles and machinery,
which reflects the vigorous expansion of the Canadian
economy. United States receipts from Canadian touristy
have also risen.
Both increased exports and reduced imports contributed
to the change with Latin America.
Coffee imports showed the usual large seasonal decline.
The rise in exports, however, seems to reflect higher incomes
SURVEY OF CURRENT BUSINESS
October 1953
in the coffee producing countries of Central America and
Colombia which benefited from the rise in coffee prices as well
as through an increased volume of exports. Improved
business conditions, resulting from larger exports to both the
United States and other countries, may also explain the rise
in United States sales to Argentina.
Exports to Brazil stabilized after declining for more than a
year. During the first half of 1953 Brazil had a surplus on
merchandise trade with the United States at an annual rate
of nearly $400 million which appears to be more than sufficient to pay for the deficit arising from service transactions
including the income on United States investments. Although the Brazilian exchange position may not require a
9
further downward adjustment in purchases from the United
States, the amortization schedule of the recently extended
Export-Import Bank loan, which involves repayments of
$300 million within 3 years, may not permit a large increase
in such purchases.
Exports and domestic business
The changes in the commodity composition of our exports
had some influence upon the domestic business situation.
The rise in exports of machinery, vehicles, and other metal
manufactures (excluding military items) from the first to
the second quarter by about $150 million contributed to the
Table 5.—Balance of Payments of the United States by Area, First and Second Quarters of 1953
[Millions of dollars]
Western
Europe
All areas
Item
Exports of goods and services:
Merchandise, adjusted- Transportation
Travel
_- _ - _ Miscellaneous services:
Private
^_ __ _ _
Government
Income on investments:
Private
Government
_ ._ _ _
Total
Imports of goods and services:
Merchandise adjusted
Transportation
Travel
_______
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
._
-
Total
Balance on goods and services.
ii. i-
II p
4,256
317
112
4,489
327
157
1,719
133
9
1.818
140
14
173
127
176
130
70
54
71
53
4
409
31
435
28
42
24
52
17
24
26
5,425
5,742
2,051
2,165
165
173
3
2
2,984
264
143
3, 123
294
232
629
131
698
167
93
252
8
17
259
8
16
10
10
71
464
70
479
55
167
54 (*)
17
187
91
20
87
20
62
8
4,037
4,305
1,079
1,388
1,437
I r
972
125 131
9
11
1
3
_. . .
Foreign capital [net outflow (— )]:
Long-term:
Transactions in United States Government securities,
Other investments
Short-term:
Official and banking
Other
00
16
1
1
296
301
1
1
Y.V
—
00i 00
n.
I'
I r
799
23
60
923
26
90
725
82
34
779
83
39
886
68
8
835
69
11
22
(*)
22
1
41
6
42
9
23
67
24
67
93
74
(*) (*)
154
3
153
7
110
4
109
4
5
978 1,155 1,045 1,112 1,166 1,119
17
HP
3
12
6
23
7
21
4
21
4
20
6
233
234
2
1
23
18
5
3
1
2
1
2
2
2
3
3
271
368 -107
379
255
12
12
-4 -3 -3
-199
172
113
-35
19
37
6
71
19
21 -3
1
1
-3 00 "00"
30
-20
-58
53
-7
51
2
—1
-209
28
67
147 -26
26
63
17
23
-1
46
8 (*)
4
26
40
323
-37
-88
45
407
18
(*)
(X)
1
1
0
-8
16
-7
7
603
128
480
94
1
1
454
482
531
9
1
-29
101
-48
153
133
-10 -128
—1
-2
1 1 -168
5 (*)
13 -1
79
66 -58 <*)
-1
10
Revised.
* Preliminary.
*Less than $500,000.
1. Includes loans or returns of military equipment.
2. Exports of goods and services have been adjusted to exclude exports of military-en d-use
items financed through grants under the military aid programs and to include in merchandise
for the total sterling area—but not for the United Kingdom and other component areas—
"Special category" exports sold for cash. For the definition of "Special category" goods, see
Foreign Trade Statistics Notes for February 1953, published by the Bureau of the Census.
273270°—53
2
-10
— 11
271
254
23
508
74
3f
149
45
174
1
62
19 (*)
47
50
46
53
44
33
44
33
33
34
2
32
34
686
753
310
368
-42 -174
-24 -20
9
5
-1
18
-30 -25 -69 -67 -23
00 -1 -86 -180
(*)
579
34
-30 -12
14
22
-0
10
4
-40
36
1
5
3
28
107 185 -51 -74
2 00
-2 -69
48
-51
49
-1 00
4
1
95
23
-11 -220
173
131
12 -89 -114 -18 -76
00
1
1
-8
UP
c
00 ' (*)
23
81
10
21
10
1
-8
(*)
0)
7
28
10
-5
182 -83
5 53
155
4
00
1
00
(*)
—1
1
(*)
(*)
f*)
-1
1
320
41
320
40
1
1
233
325
204
1
1
37 -176
-58
1
7
6
-4
-12
(*)
11
2
136
-21
1
1
4 -30
(*)
3
-3
353
29 -54 -145
65
0
-32
6
248
(*)
-11 -11
62
8
(*)
-5 -4 -19 -20
24
4
00
—4
1
00
(*) (*)
2
9
(
118 -50 -13
1
26
3
00 -30 -1 (*)
(z)
41
25
(*)
181 181 185 192
-3
-5
(*)
10
4
86 250 198
1 -100 -95
-1
10
4
157 158 164 172
t\
4
7
15 14
2
4
12
i-
49 54 187 132
4 21 19
4
1
4
I
-98 -73
10 -12
10
-5
4
i-
00 0)
—9
-12 -10
-6
9
13
ge -114
-6 -11 -270 -250
-5
-100 -119 -37 -24 -100 -84 -88 -63
— 1 —1 —25 —23
-1 -1
-2
—93 — 121 — 12 —43 —33 —38
-74
87
3 -9
7
17
1
4 -9
85 -16
6
-2
(*)
-4 -23 -30 -438 -430 -37 -24 -126 -106
(x)
(*)
10
-2
-3
—11 — 11 —43 —38
2
28
474
577
38
6
9
27
644
501
36
7
(*}
(*)
16
895 -131 -128 -8 -9
(x)
41 (*)
(*)
77
8
926
58
57
UP
11
1
00
76
(*)
990
67
66
I >•
137 10
1
34
6 (*)
1
4
(z)
II p
40
5
(x)
i-
54
652
24
60
—1
II P
53
8
12
864
—4
i-
164
787
—5
Other Depend- All other
United
counKingdom Western
encies
Europe
tries
Total
362
58
12
602
22
26
44
Sterling area 2
440
60
7
787 1,152 1,068
758
ii.
I'
707
Gold sales [purchases ( — )]
r
(*)
00
-194
-35
10
-122
1
2
II P
11 11
1,270
Balance on foreign capital and gold
Transfers of funds between foreign areas
[receipts from other areas (— )] and
errors and omissions
__ _
I'
4
1
1
63
8
- 1, 908 -2,020 -1,399 -1,525
Total
Total
II 'p
Canada
i-
UP
I'
Unilateral transfers [net, to foreign countries (-)]:
— 120 — 122
—65
— 57
Private
Government:
-1,282 -1,387 -1,006 -1, 126
Military supplies and services l
—471 —478 -329 —327
Other foreign aid
—35
—33
Other transfers
United States capital [net outflow (— )]:
Private:
Direct investments
Other long term
Short-term
Government:
Long-termShort-tei m
Eastern
Europe
Dependencies
InternaLatin
other tional inAmerican All
countries
stiturepublics
tions
29
(•*)
28
(*)
27
28
98 -77
16
3. Military aid to the sterling-area countries is not shown separately.
NOTE.—Net foreign, in vestment equals balance on goods, services, and unilateral transfers
for "all areas."
Source: U. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
10
continued high volume of activity in these industries. In
many instances the rise in these exports may be the result
of the higher output abroad of agricultural products and other
items previously purchased here in greater volume which
both increased foreign incomes and enlarged the supply of
dollar exchange available for industrial products.
Exports of grains and cotton dropped by over $100 million
from the first to the second quarter of 1953 and were approximately $600 million smaller during the first half of the year
than during the first half of 1952. The continued decline
contributed to the domestic surpluses. Likewise, exports of
coal in the first half of 1953 were about $130 million below
the first half of 1952.
October 1953
in 1948, and additional net sales of $20 million of other
foreign (presumably Canadian) securities to Canadians.
Sales of Canadian bonds have exceeded purchases since the
latter part of 1951. The sale of these bonds represented a
liquidation of the large investment in such securities during
the third quarter of 1950. The purchases preceded the rise
in the Canadian dollar, while the sales were most intense
about the time the Canadian dollar reached its peak.
Repayment of bank loans and sales of securities accounted
also for some return flow of long-term capital from Latin
America.
The following tabulation shows the movement of private
United States portfolio capital during 1952 and the first two
quarters of 1953. Of the total change in the capital flow
by over $200 million, Canada accounted for $160 million.
Private capital again flows in
Net outflow of funds (—)
(In millions of dollars)
The movement of United States private capital changed
from an outflow of $200 million in the first quarter to an
inflow of $140 million in the second. Slightly more than half
of the gross capital outflow through direct investments is
now going to Canada, largely into the mining and petroleum
industries. Substantial amounts were, however, also invested
in the mining facilities in Latin America and in petroleum
refineries in the Middle and Far East.
Of the large inflow from Europe, $40 million consist of
repayments of long-term bank loans, and $20 million represents the repatriation by the United Kingdom investors of
industrial shares formerly held by an American company.
This capital movement from Europe to the United States
coincided with the rise in interest rates in the United States
and the nearly simultaneous decline in many of the major
European countries.
The rise in interest rates here also stimulated the capital
inflow from Canada which included the repurchase before
maturity of $75 million of Canadian government bonds issued
1958
1952
New lending
Debt retirement
Other transactions in foreign
securities
Claims over 1 year
Total portfolio capital-_
-285
66
127
-50
-143
I
77
-97
22
-24
87
22
18
-35
67
42
172
The inflow of short-term United States capital was largely
due to repayment of short-term credits by Latin American
republics. Of the total of $85 million, repayments of commercial debts by Brazil accounted for $45 million. This
repayment was facilitated by the $300 million Export-Import
Bank loan granted for the consolidation of Brazil's short-term
indebtedness. Up to the end of June $120 million was disbursed. Significant reductions in their indebtedness were
also made by Chile, Mexico and Cuba, while credits to
Colombia increased. The changes in the claims on the latter
countries follow roughly the changes in United States exports.
The United States Balance of International Payments, 1949-51
JL HIS latest Balance of Payments volume continues
a series published since 1922 by the Department of
the number, destination, and expenditures of our
tourists in various parts of the world.
Commerce to provide world traders and experts on
international economic relations with an instrument
for gauging the equilibrium of our foreign transactions.
Balance of Payments
Supplement to the
Private business dealings with foreign nationals are
intensively reviewed to determine the relation of receipts to payments for exports and imports.
Separate
accounts are shown for merchandise trade, transportation and foreign travel, for example, the last showing
Survey of Current Business
PRICE
.25
Available from the Superintendent of Documents., Government Printing
Office, Washington 25. D. C.. or from your nearest Department of Commerce Field Office.
by L. Jay Atkinson
Agricultural Marketing and Income
ARM income has declined in the past 2 years. Domestic consumption of farm commodities has continued to
increase, but the combination of larger output with some
acceleration in cattle marketings and a reduction in exports
resulted in a declining price trend from the post-Korean peak
of early 1951 to the first quarter of 1953. There was little
further change in average farm prices during the second and
third quarters of 1953.
Gross farm income edged downward in 1952 from the
preceding year and rising production expenses reduced net
income of farm operators to $14.2 billion from $16 billion in
1951 and a postwar average of $14.5 billion. On the basis of
estimates available at the end of the third quarter, gross
farm income in 1953 was running somewhat lower than in
1952, with net income off to about $12.5 billion.
Per capita farm income in 1953 is moderately below the
average for the postwar period and 10 to 15 percent below
1951 and 1952. Since nonagricultural income has continued
to advance, the share of aggregate farm income in total
income has declined. On a per capita basis farm income in
relation to nonfarm income has returned to its position at
the beginning of World War II, after being substantially
higher throughout the war and most of the postwar period.
The trend in net farm income in the past 2 years reflects a
moderate decline in cash receipts from marketings together
with some increase in production expenses in 1952, and only
a slight easing of the latter in 1953, according to preliminary
estimates.
Gross farm income for 1953 is estimated to be about the
same as in 1948, but net farm income is off by $4 billion from
the $16.7 billion postwar peak.
the Commodity Credit Corporation. Some of the commodities, however, such as corn and dairy products, which
have also received substantial price support have not been
materially affected by the decline in agricultural exports.
For the fiscal year ending June 1953, 20 percent of
crops marketed were purchased by the CCC or pledged for
Farm Income Trends
BILLIONS OF DOLLARS
GROSS FARM
INCOME PLUS
INVENTORY
CHANGE
PRODUCTION EXPENSES
Exports decline
An important factor in the decline in the value of United
States agricultural products in the past 2 years is the curtailment in the expanded export market of the war and reconstruction period, and in the immediate post-Korean upsurge.
In the year following June 1950 part of the increased demand in both foreign and domestic markets was met by a
reduction in stocks acquired in the preceding 2 years by the
Commodity Credit Corporation (see lower panel of chart on
cash receipts). In 1952 the value of agricultural exports
from the United States was $3.4 billion, a decline of about
$600 million from the high point reached in 1951. Most
of the drop occurred in the latter half of the year and there
was some further decline in the first half of 1953.
The principal agricultural commodities experiencing reduced export demand—cotton and wheat are the most
important—have received extensive price support from
NOTE.-MR. ATKINSON IS A MEMBER OF THE CURRENT BUSINESS
ANALYSIS DIVISION, OFFICE OF BUSINESS ECONOMICS.
1945
1946
1947
1948
1949
1950
1951
1952
1953"
* PRELIMINARY. BASED UPON DATA AVAILABLE ON OCTOBER I
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-116-5
price support loans. Price support extended by the CCC
totaled $2.8 billion during the year as compared with about
$1 billion in the preceding year. With this support buying,
prices of crops averaged slightly higher in 1952 than in
1951, and the volume of marketings, including CCC loans
and purchases, was also larger.
During the latter part of 1952, however, there was a considerable drop in crop prices, and despite the flow of commodities into government purchase or loan account, crop
prices in the first 9 months of 1953 were 10 percent lower
11
12
SURVEY OF CURRENT BUSINESS
than a year earlier. With marketings again heavier, cash
receipts from crop sales were slightly lower than a year
earlier—actually up a little in the first quarter and down
somewhat in the second and third quarters.
There has been a considerable increase however in stocks
of farm products, principally in the hands of the CCC.
Total inventories and outstanding loans of this agency
reached $3.5 billion on June 30, 1953, a rise of $2 billion
during the fiscal year. Under the provision of the Agricultural Adjustment Act of 1938 as amended, the rise in
stocks necessitates the revival of crop control measures
designed to curtail output in line with the shrinkage in
demand. Support prices are to be maintained at 90 percent
of parity for the 1954 crop.
Cash receipts from the sale of livestock and livestock
products—exports of which are of little significance—have
also moved lower. Such receipts were 6 percent less in
1952 than hi the preceding year and in the first three quarters
of 1953 were 5 percent less than in the corresponding period
hi 1952.
Perhaps the most important influence leading to the decline
in agricultural prices and income in 1952 and 1953 has been
an increase in production and marketings. In 1952 the
volume of farm marketings rose 5 percent from the preceding
year to 155 percent of the 1935-39 average, a new high.
The volume of crops marketed was second only to 1949, and
livestock marketings set a new high. In the first half of
1953, marketings, including commodities purchased by or
pledged for loan to CCC, were again somewhat higher than
in the corresponding period a year earlier. Widespread
droughts in the late summer months brought some reduction
in crop production forecasts for 1953, but total marketings
for the year will probably set a new record high.
Domestically, we have experienced a continuing strong
consumer demand for food (and clothing as well). Consumer
expenditures for food (including alcoholic beverages) rose
from $69 billion in 1951 to $72.6 billion in 1952, rising in
each successive quarter on a seasonally adjusted basis.
Food spending has also advanced in 1953, reaching a rate of
$75 billion in the second quarter. The rise in food purchases
during the latter half of 1952 and the first half of 1953 did
not quite keep pace with the further advance in personal
disposable income, declining from about 31 percent of income
in the first half of 1952 to 30 percent in the first half of
1953. Thus, with larger supplies, consumers' prices of food
have declined slightly but total consumer expenditures for
food have continued to rise.
Comparative price movements
For the groups of commodities for which roughly comparable prices and volume estimates are available the absolute decline at retail appeared to be about as much per pound,
per dozen, or per quart as the absolute decline at the farmers'
level, when crude adjustments are made for normal shrinkage
and loss in marketing channels. On a percentage or relative
basis, however, the decline at retail was considerably smaller.
In other words, marketing costs and margins—including
processing, storage, etc.—remained relatively stable in
absolute amounts and hence increased in relative terms.
The net effect of these developments has been a moderate
decline in farm receipts accompanying increased supplies
marketed, whereas consumer purchases have continued to
edge upward with rising volume and little change in retail
prices. Farmers' production costs have remained high,
with some advance in those incurred for nonfarm items such
as labor, machinery, interest, and taxes about offset by
lower cost for farm-produced items such as feed and livestock purchased for feeding and stock breeding herd
replacement.
October 1953
Variations in supply
The readjustments in farm income have varied by commodity, and because there is considerable regional specialization, by areas of the country. Since crop production is
substantially in excess of combined domestic and foreign
demand at present price support levels, which extend
through 1954 for basic commodities and possibly others, a
curtailment in output of some products is scheduled for the
coming year.
Cash Receipts From Farm Marketings
Livestock receipts are off more than crop receipts as ...
BILLIONS OF DOLLARS
3
CROPS
LIVESTOCK AND
PRODUCTS
1953
'1951
0
1 I
J
1 I I
F
M
A
I
M
I
J
»
J
I
A
I
S
t
O
I
N
I
I
D
I
J
I
F
I
M
I
A
I
M
I
J
I
J
I
A
I
S
I I
O
N
D
increased price support activity limits declines for crops
MILLIONS OF DOLLARS
400
CCC LOANS AND
PURCHASES
300 -
200 -
100 -
JULYDEC.
1947
JAN.- JULY- JAN.- JULY- JAN.- JULY- JAN.- JULY- JAN.- JULY- JAN.- JULYJUNE DEC. J U N E
DEC. J U N E DEC. J U N E
DEC. J U N E DEC. JUNE
DEC.
1948
1949
I960
1951
1952
1953
MONTHLY AVERAGES
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-116-6
Wheat, corn, and cotton account for nearly half of the
acreage of cropland in the United States. Though there
are essential differences in the demand situation and outlook
for these commodities, there are also broad similarities in
their general supply position. Supplies are substantially
above normal in each case and they have risen progressively
in each of the past two seasons. Stocks of wheat and of
cotton in other exporting countries are also large and such
countries are now supplying a greater portion of world trade
than in the earlier postwar years.
Wheat marketing quotas
Domestic consumption (disappearance) of wheat has been
quite stable in recent years at around 700 million bushels—
about the same as in the years immediately preceding World
October 1953
13
SURVEY OF CURRENT BUSINESS
War II. Per capita consumption of wheat has shown a
long-term decline as other foods have partially replaced
cereals in the diet. Price relationships between wheat and
feed grains have limited the feeding of wheat to livestock.
Estimated carryover of wheat July 1, 1953 was 560
million bushels, which together with production of 1,170
million bushels and imports estimated at 5 million bushels
gives a supply of 1,735 million bushels for the coming year.
Consumption and exports are estimated by the Department
of Agriculture at 960 million bushels, leaving a projected
carryover of about 775 million bushels July 1, 1954. Marketing quotas are mandatory if wheat supplies are 20 percent
above "normal" (defined by law as consumption plus 15
percent). The supply of wheat as of July 1, 1953 (1,735
million bushels) was about 50 percent above "normal".
The acreage allotment for the 1953-54 wheat crop has
been set at 62 million acres, or about 20 percent lower than
plantings in each of the past 2 years. Farmers growing not
over 15 acres or 200 bushels of wheat are not subject to
quotas. Marketing quotas for wheat have been in effect
only twice, in 1941 and in 1942. The acreage planted in
those years was about equal to the allotment though, under
unusually favorable weather conditions, yields rose substantially.
The principal development in the feed market is a substantial reduction in domestic consumption by livestock.
During the past year the estimated rate of feeding per animal
unit declined and hog production was curtailed. ^ Farmers
have reported that they expect to farrow fewer pigs in the
fall of 1953 than a year earlier. Nearly 1 billion bushels of
corn were sold from the 1952 crop, 300 million bushels more
than from the preceding crop. The volume of sales through
regular markets was about the same in each of the 2 years
with increased sales from the 1952 crop representing CCC
price support expenditures.
Agricultural Prices
Prices received have fallen substantially
more than prices paid . . .
INDEX, 1910-14 = 100
400
Rise in cotton carryover
A decline in exports of United States cotton in the year
ending July 31, 1953 was accompanied by a roughly equivalent rise in carryover stocks—from 2.8 million to 5.5 million
bales. The 1953 crop is estimated at 15.6 million bales,
a little larger than the harvest in each of the two preceding
seasons. Total supplies for the present season, August 1,
1953 to July 31, 1954, consequently are about 21 million
bales, whereas domestic consumption plus exports are estimated at around 13 million bales. "Normal" supplies,
which include a 30 percent reserve above estimated annual
requirements, are about 17 million bales, or 4 million bales
less than total supplies for the year ahead.
Under existing legislation marketing quotas for cotton
must be proclaimed whenever the total supply for the marketing year is larger than the normal supply. The amount of the
marketing quota for cotton is that required together with estimated carryover and imports to make available a normal
supply of cotton, but the minimum quota is 10 million bales
for the 1954 crop. Consumption and export requirements
have been estimated at about 13 million bales for the 1953-54
marketing year, which would leave a carryover August 1,
1954, of approximately 7.5 million bales. This together with
the minimum quota would provide a supply of 17.5 million
bales for the marketing year beginning August 1, 1954.
Marketing quotas are subject to a grower referendum in
which two-thirds approval of those voting is required.
PRICES RECEIVED AND PAID BY FARMERS
PRICES RECEIVED
300
PRICES PAID, INTEREST,
TAXES, AND WAGE RATES
200
100
Imiilimili
li null mil
with livestock prices leading the decline
400
PRICES RECEIVED BY FARMERS
LIVESTOCK AND
PRODUCTS
300
CROPS
200
Corn carryover larger
Corn and feed grains prospects as a whole has been altered
as a result of declining yield prospects in the latter part of the
1953 growing season. The 1953 corn crop is estimated (as of
September 1) to be somewhat smaller than the 3.3 billion
bushel harvest of 1952 though above the 10-year average.
The carryover of corn on October 1, 1953, was 300 million
bushels larger than a year earlier. But production of other
feed grains is below average and carryovers are small. The
indicated supply of feed concentrates for the year ahead is
estimated to be moderately higher than in each of the 2
preceding years and the number of grain-consuming livestock is lower.
100
niliiiiili
1948
1949
iliiiiili iiiiliiiiiliimliimliiiiilmii
1950
1951
1952
1953
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-116-7
Cash receipts from marketing of all feed grains were about
the same in 1952 as in 1951 and were running higher in the
first half of 1953 than in the corresponding period a year
earlier. Thus the downward adjustment in prices and
consumption has not yet affected farmers' income. Support
SURVEY OF CURRENT BUSINESS
14
at 90 percent of parity is provided for the 1953 crop as well
as the 1954 crop.
Cattle receipts down
Cash receipts from, livestock and products have declined
substantially in the past 2 years chiefly as a result of increased marketings. The rise in supply has been most
Livestock and Meat Prices
• Cattle and beef prices are below last year
• Hogs and pork are higher
OOLLA RS PER 100 LBS.
1 25
100
-
(Ratio Scale)
DOLLARS PER IOC>LBS.
125
BEEF, RETAIL PRICE
(COMPOSITE, N.Y.)
100
-
90
90
30
_
70
60 —
60
X*
^/"/\x'
50 -
40
^
20 ~
70
—
/
30
80
PORK AND LARD,
RETAIL PRICE
(COMPOSITE, N. Y.)
~
"
50
-
40
-
30
\
STEERS
(AVG.PRIMEQ
CHOICE, CHICAGO)
J\f -
20
HOGS
(CHOICE, CHICAGO)
i i i i i 1 i i i i i 1 i i i i i 1 i i i i i 10
10
1952
1953
1952
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
1953
53-116-8
accentuated in the case of beef cattle. Beef production rose
10 percent from 1951 to 1952, and in the first half of 1953
was one-third higher than in the corresponding months of
1952. The average price declined about 5 percent from 1951
to 1952 and in the first half of 1953 was a third lower than a
October 1953
year earlier. Thus, cash receipts from the sale of beef cattle
were off in 1952 and in the first half of 1953 were about 15
percent (12 percent for slaughtered cattle) lower than in
the first half of 1952.
Some moderate decline in prices was to be expected when
the building up in herds in the past few years came to an end
and this has been hastened and accentuated by drouth conditions in various areas of the cattle-growing states. Consumers' prices for beef in the first half of 1953 were about
one-fourth lower than a year earlier, and consumption was
proportionately higher, with consumer expenditures approximately unchanged. The leveling off in consumer outlays
accompanied an appreciable rise in incomes during this
period, so that the portion of the consumers' dollar going for
beef declined from the very high fraction that has been
characteristic of the past several years.
Fewer hogs, higher prices
On the other hand, cash receipts from hog marketings have
been well sustained. In the first half of 1953, they were
about the same as in the corresponding period a year earlier
with pork production down more than one-tenth and prices
correspondingly higher. Pork production is expected to
continue below a year ago throughout 1953, reflecting a
decline of 10 percent in the number of pigs farrowed in the
spring of the year. Furthermore, marketing weights were
below a year ago in the early part of the fall marketing
season, through hog prices were high in relation to corn prices
and there were discounts on lighter weight animals.
The marketing of hogs at light weights under the circumstances which normally result in feeding to heavier
weights appears to be part of a general shortening of commitments by livestock growers. A further anticipated cut in the
pig crop in the fall of 1953 was reported by farmers in June of
this year. Fed cattle are also being marketed at lighter
weights and the number going on feed is lower than a year
earlier. Increases in poultry production are less than those
usually associated with the favorable feed-product price
ratios prevailing in the past several months.
Poultry and egg receipts were about 10 percent higher in
the first half of 1953 than a year earlier, principally because
of higher prices received for eggs. Volume of marketings
was down moderately.
Dairy products receipts in the first half of 1953 were about
5 percent below a year earlier, as an increase in marketings
was accompanied by a somewhat larger decline in average
prices received. In part, the lower prices resulted from an
increase in manufactured milk products, prices of which
are lower than for fluid milk. Fluid milk consumption was
at about the same rate or a little lower. The increase in
manufactured products was absorbed mainly by CCC price
support purchases.
ty E. S. Kerber
United States Foreign Aid
in the Fiscal Year 1953
NCREASED military assistance raised foreign aid in the
Ifiscal
year ended June 30, 1953, to over $7 billion, the highest
amount since the end of World War II. Net foreign
aid, which takes into account the receipts by the United
States Government of reverse grants and repayments of
credits, was $6.3 billion. Thus, net foreign aid for the
8-year postwar period reached $41.7 billion (excluding the
Government's investment of $3.4 billion in the International
Bank for Reconstruction and Development and the International Monetary Fund).
gold and dollar reserves had risen to nearly $4 billion, subsequent abrupt decline of sterling-area reserves in the fall of
1951 and the first months of 1952 resulted in a resumption of
aid on a substantial scale.
The bulk of the assistance to the United Kingdom in fiscal
years 1952 and 1953 came from its utilization of the $300million defense-support aid allocation made in February 1952
and the subsequent allocations of mutual security program
economic-assistance funds totaling $410 million made in
fiscal year 1953.
Military supplants other aid
The major military aid program was originally authorized
in the year preceding the Communist invasion of South
Korea. Throughout the Korean period military aid rose
steadily and reached $4.4 billion in the past fiscal year.
Other aid—primarily economic and technical assistance—
declined in this period as the position of foreign nations
improved through the expansion of production and with the
help of the Marshall plan and the other United States
Government postwar aid programs. Annual declines of
from one-half to one billion dollars in such assistance
occurred in the 3 years.
Net Foreign Aid
Military aid increased rapidly during the three years of
Korean conflict, and was more than double economic
assistance in fiscal year 1953
ECONOMIC AID
YEAR
MILITARY AID
END-
ED
JUNE
30
Flow of economic aid
Gross economic aid for fiscal year 1953 was $2.6 billion,
one-fourth of which consisted of credits. Although economic
assistance contracted to less than half a billion dollars in the
December 1952 quarter, increases were noted in the final
quarters of the fiscal year. The comparatively large repayments on credits—over half a billion dollars—brought the
net economic aid for the year down to $2 billion. Interest
collections on the $10.8 billion of foreign indebtedness to the
United States Government amounted to $219 million.
The decline in economic assistance over the past several
years was most noticeable in aid to Europe. From 73 percent
of the total in fiscal year 1951 the proportion sent to Western
Europe and dependent areas dropped to 66 percent last year
and by the June quarter was off to 54 percent of all economic
aid.
Throughout this period between 75 and 80 percent of all
military aid continued to flow to Europe.
United Kingdom and France major recipients
The United Kingdom was the notable exception to the
pattern of declining economic assistance in the year ended
June 30, 1953. While aid allotments to that country had
been terminated at the end of fiscal year 1951, after British
NOTE.-MR. KERBER IS A MEMBER OF THE BALANCE OF PAYMENTS
DIVISION, OFFICE OF BUSINESS ECONOMICS. THE TABLE ON DEBTSERVICE PROJECTIONS WAS COMPILED BY MR. ZALIE V. WARNER.
1951
1952
1953
4
3
2
1
0
BiuLlONS OF DOLLARS
1
2
3
4
BILLIONS OF DOLLARS
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-116-9
Gross economic aid of $480 million to France was about as
large as in the preceding year. France received more economic aid in fiscal year 1953 than any other country, but because of repayments of loans net economic aid of $290 million
was considerably less than that to the United Kingdom.
In the September 1952 quarter, France drew $154 million
on a special Export-Import Bank loan, advanced against
payment by the United States Defense Department for defense materials for which orders had been placed in France.
15
SURVEY OF CURRENT BUSINESS
16
These orders were placed under the offshore procurement
program to enable the European countries to earn dollars in
the course of producing military equipment for North
Atlantic Treaty Organization forces. The United States
Government buys the equipment and transfers it to NATO
countries, as part of the mutual security military-aid program. The United States Government agreed with the
French Government to assume some contracts for defense
oods vitally necessary to prosecuting the hostilities in
ndochina. This eased the burden of that conflict on the
French, in addition to providing them with needed dollar
exchange. By the end of August these and other contracts
placed in France under the offshore procurement program
amounted to over $1 billion.
f
France repays special credit
As the defense materials were delivered, the EIB loan was
repaid. By the end of June, repayments totaled $98 million,
leaving the net credit utilization on this loan at $56 million
for the year. In July 1953 a new $100-million loan of a
October 1953
nature similar to the 1952 loan was arranged; disbursement
of these funds was made in August 1953. Meanwhile collections reduced the outstanding balance on the original loan
to $44 million.
Other special measures to ease the French position included
an $89-million payment during the June quarter to meet a
part of the French deficit with the European Payments
Union. This deficit had increased in fiscal year 1953
by $400 million, of which France was obligated to pay $380
million in gold or dollars, including $146 million during the
last quarter.
Increase for Yugoslavia and Spain
Other than the United Kingdom, Yugoslavia was the only
country in Western Europe to receive appreciably more
economic aid in fiscal year 1953 than in the preceding year.
Aid to Yugoslavia rose steadily throughout the year, continuing a trend in evidence since 1950.
Spain drew another $25 million in credits, slightly more
than in fiscal year 1952. About half came from the special
Table 1.—Summary of Foreign Aid (Grants and Credits), Military and Other Aid, by Major Country: July 1, 1951, Through June 30, 1953
[Millions of dollars]
Fiscal year 1953
Fiscal year 1953
Fiscal
year
1952
Major country *
Gross foreign aid
_
Grants utilized
Less: Credit-agreement
grants 2
Credits utilized 2
offsets to
Less: Returns
Reverse grants and returns on grants __
Principal collected on credits
Equals: Net foreign aid
Net grants 22
Net credits
July- Octo- JanuSep- ber-De- aryTotal tember
cember March
1952
1953
1952
AprilJune
1953
5,098
7,030
1,540
1,448
1,873
2,169
4,440
6,283
1,231
1,379
1,748
1,925
659
748
309
68
126
245
492
694
148
199
125
221
168
324
164
530
22
126
27
173
31
94
84
137
4,606
6,336
1,392
1,248
1,747
1,948
4,271
335
6,118
218
1,209
183
1,353
-104
1,716
32
1,840
108
3,717
392
3,325
5, 232
506
4,727
1,168
131
1,037
1,150
172
977
1,394
100
1,294
Other Europe:
Equals: Net foreign aid (Returns) ...
1,521
103
1,418
-15
-4
-2
-1
-1
Near East and Africa:
Gross foreign aid
Less* Returns
Equals: Net foreign aid
171
4
166
154
18
136
41
3
38
35
5
30
39
7
32
40
3
37
Asia and Pacific:
Gross foreign aid
Les51' Returns
Equals: Net foreign aid
932
28
904
1,240
57
1,182
262
4
259
210
2
208
397
10
387
370
42
328
193
51
142
324
105
220
53
8
45
30
18
12
27
6
21
214
72
142
86
2
84
80
4
76
17
1
16
23
1
22
16
1
15
24
1
23
Unspecified:
Gross foreign aid
Less* Returns
Equals: Net foreign aid
- - - - - -
MILITARY AID
AprilJune
1953
MILITARY AID— Continued
285
1
284
785
1
785
139
(3)
138
131
(3)
131
268
(3)
268
247
(3)
247
American Republics:
Gross foreign aid.
Less* Returns
Equals: Net foreign aid
114
76
53
23
6
2
6
6
2
6
61
53
8
Unspecified:
Gross foreign aid.
Less* Returns
Equals: Net foreign aid
42
36
2
35
8
42
8
6
1
5
8
1
7
14
3,225
427
2,799
2,631
632
1,999
878
146
732
465
197
268
576
121
455
712
168
545
2,287
328
1,959
1,730
500
1,230
659
129
529
307
171
135
379
97
282
386
102
284
148
13
136
55
8
47
19
3
16
10
3
7
15
2
14
12
1
10
34
15
20
17
14
2
6
6
5
1
4
3
4
-1
2
3
-1
316
82
234
433
87
346
158
9
149
107
61
46
98
10
88
70
8
63
33
3
30
11
3
8
4
2
1
1
114
.
Western Europe and dependent areas:
Gross foreign aidLess: Returns
Equals: Net foreign aidAustria:
Gross foreign aid
Less: Returns _ _
Equals: Net foreign aid
__._
Belgium- Luxembourg:
Gross foreign aid
Less: Returns
_.
. . ..
Equals* Net foreign aid
British Commonwealth:
Kingdom:
Gross foreign aid
Less: Returns,
Equal: Net foreign aid
14
(3)
United
Denmark:
Gross foreign aid
Less: Returns
Equals: Net foreign aid.
_ _
France:
Gross foreign aid.
Less* Returns
Equals: Net foreign aid-
__ _
477
72
405
480
189
290
213
54
159
32
48
-16
79
43
35
156
44
112
201
11
189
87
84
4
52
28
24
22
23
-1
11
11
(4)
3
22
-20
200
16
184
111
16
95
45
4
41
16
4
12
30
5
25
21
3
18
Gross foreign aid
Less* Returns
Equals* Net foreign aid
1,872
66
1,806
4,399
62
4,338
663
2
661
983
2
980
1,297
4
1,293
1,457
54
1,403
Germany:
Gross foreign aid
Less: Returns
Equals: Net foreign aid
_.
Western Europe (including Greece and
Turkey) :
Gross foreign aid
Less* Returns
Eauals : Net foreign aid
1,430
64
1.366
3,502
6
3.496
509
2
508
843
1
842
1,015
3
1,012
1,135
1
1,135
Greece:
Gross foreign aid
Less: Returns
Equals: Net foreign aid
__
July- Octo- JanuSep- ber-De- aryTotal tember
cember March
1952
1952
1953
Asia and Pacific:
Gross foreign aid.
Less: Returns
Equals: Net foreign aid
Gross foreign aid
Less: Returns
Equals: Net foreign aid
Western Europe (including Greece and
Turkey) aT«d dependencies:
Gross foreign aid
Less* Returns
Equals* Net foreign aid
_.
Major country *
OTHER AID (Economic and technical)
MILITARY AND OTHER AID
American Republics:
Gross foreign aid
Less* Returns
Equals* Net foreign aid
Fiscal
year
1952
00
3
W
3
2
2
(*)
SURVEY OF CURRENT BUSINESS
October 1053
17
Table 1.—Summary of Foreign Aid (Grants and Credits), Military and Other Aid, by Major Country: July 1,1951, Through June 30,
1953—Continued
[Millions of dollars]
Fiscal year 1953
Fiscal year 1953
Fiscal
year
1952
Major country i
OTHER AID (Economic and technical)
Continued
Italy:
Gross foreign aid.
Less* Returns
Equals* Net foreign aid
Netherlands:
Gross foreign aid
Less: Returns. . . . _ .
Equals: Net foreign aidNorway:
Gross foreign aid
Less: Returns, . .
.. .
Equals: Net foreign aid..
Total
July- Octo- JanuSep- ber-De- arytember cember March
1952
1952
1952
218
35
183
194
40
154
108
59
49
47
29
18
20
38
6
32
62
15
58
12
47
2?
20
-12
8
1
7
10
1
9
8
4
4
5
1
4
4
1
3 !
6
2
5
]
16
3
14
17 i
3 i
14
35
3
32
46
3 i
43
30
25
12
Turkey:
Gross foreign aid
. . . ...
Less' Returns
Equals- Net foreign aid-
88
9
79
55
10
45
11
3
8
Yugoslavia:
Gross foreign aid
Less* Returns
Equals' Net foreien aid
97
4
93
116
8
108
14
1
13
Near East and Africa:
Gross foreirn aid
Less* Returns
Equals- Net foreign aid
Iran:
Gross foreign aid.
Less* Returns
__
Equals' Net foreign aid
Israel:
Gross foreign aid.
Less- Returns
Equals: Net foreign aid
_. .
Other and unspecified
Near East
and Africa: 5
Gross foreign aid.- . ._
. . ..
Less: Receipts
___ .
Equals: Net foreign aid
__
307
304
-15
74
4
70
-4
Asia and Pacific:
27
Gross foreign aid
8
Less" Returns
19 |
Equals' Net foreign aid
46
5
41
24
Other Europe:
Equals: Net foreign aid (Returns)..
Major country '
Total
July- Octo- JanuSep- ber-De- arytember cember March
1952
1952
1952
AprilJune
1953
OTHER AID (Economic and technical)—
Continued
Spain:
Gross and net foreign aid
Other and
unspecified Western
Europe: 5
Gross foreign aid
.
Less* Returns
Equals- Net foreign aid-
AprilJune
1953
Fiscal
year
1952
23
1
22
20
20
15
1
14
16
1
15
~1
-2
2
4
—2
20
19
-1
171
4
166
154
18
136
41
3
38
35
39
30
32
40 !
3 i
37
11
22
3
2
3
-1
9
3
6
1
7
11
16
4
12
19
14
13
13
11 !
14
3
104
78
6
72
32
2
30
11
54
2
51
54
4
50
6
1
5
22
"2
20
106
19
647
27
620
455
56
398
123
3
120
79
2
78
129
9
119
123
42
81
90
3
86
91
3
88
20
16
26
19
15
26
30
2
27
India:
Gross foreign aid
Less- Returns
Equals: Net foreign aid
173
2
171
46
25
3
7
12
46
25
3
7
12
Indochina:
Gross foreign aid
Les^" Returns
Equals: Net foreign aid
23
1
22
Indonesia:
Gross foreign aid .
. . __
Less: Returns
Equals: Net foreign aid
»~3
China-Taiwan (Formosa):
Gross foreign aid.
.
Less: Returns
Equals: Net foreign aid
..
..
(0)
23
6
4
6
5
22
6
4
6
5
21
11
1
10
2
6
2
2
6
2
10
38
—28
22
19
Japan and Ryukyu Islands:
Gross foreign aid
Less: Returns
Equals: Net foreign aid
130
4
126
28
43
—15
9
9
7
2
5
—3
Korea : 5
Gross and net foreign aid
160
169
41
32
56
39
18
11
32
4
9
4
6
1!
4
17
Philippines:
Gross foreign aid
Less" Returns
Equals: Net foreign aid
Other and unspecified Asia
Pacific:
Gross foreign aid
Less* Returns
Equa^' Net foreign aid
and
American Republics:
Gross foreign aid
Equals: Net foreign aid
Unspecified: 5
Gross foreign aid
Less- Returns
Equals* Net foreign aid
11
.
28
3
25
45
4
42
4
1
3
11
1
11
16
14
2
13
79
51
28
249
52
197
47
8
39
28
18
10
21
6
15
153
19
133
43
43
9
1
16
8
41
41
16
8
11
1
10
L For security reasons data by country do not include the military aid furnished principally under the mutual-security program. The aid shown in the table includes credits
which have been extended to private entities in the country specified.
2. The credit-agreement offset to grants for Germany, established in the agreement of
February 27, 1953, was not ratified by the United States Senate until after June 30, 1953, and
accordingly is not included in the credit data of this table.
3. Less than $500,000.
4. Negative entry of less than $500,000.
5. Includes aid furnished through international organizations.
NOT?:.—Definition and explanation of these data are contained on page 15 of the March 1953
issue of the SURVEY OF CURRENT BUSINESS and in the Foreign Aid supplement of the SURVEY
OF CURRENT BUSINESS, published in November 1952, and available at $1.00 from the Superintendent of Documents, Washington 25, D. C., or the various Department ol Commerce field
offices.
$62^-million congressional loan authorization made as part
of the mutual-security program appropriations in September
1950. The remainder represented utilization of the 1952
EIB credit for the purchase of cotton.
Ireland, Portugal, and Sweden had previously ceased receiving major allotments.
Germany received $87 million gross economic aid in the
year, but large repayments on credits almost balanced this
flow of aid. For the current year economic aid to Germany—
except for special assistance for Berlin—is also to be suspended.
In February, a settlement agreement was signed with.
Germany for the supplies and other aid provided in the early
part of the postwar period. This agreement, ratified by the
United States Senate July 13, provides that $1 billion of the
$3.7-billion postwar net aid presently reported for Germany
will have to be repaid to the Export-Import Bank, as collection agent, in semiannual installments over a period of
Several countries less dependent on aid
Italy and Greece continued to receive major, although
declining, amounts of economic assistance in fiscal year 1953.
Forty-three percent of the aid to Greece was provided as
special resources to meet its EPU deficit. Aid allotments to
the Netherlands, Iceland, and Denmark were suspended at
their own request in the first half of calender 1953 because
of their improved economic position. Belgium-Luxembourg,
273279°---53
3
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
18
30 years starting July 1, 1958, with interest payments at
2% percent on the outstanding balance beginning on July 1,
1953. The agreement became effective on September 16,
and the first payment of interest was made that month.
Technical assistance rises
In areas other than Western Europe, the most common
method of providing United States Government grant assistance is through the technical assistance program. In fiscal
1953 such aid rose slightly. Throughout the year programs
were instituted in many areas, and almost $150 million in
funds was obligated. By the month of June expenditures
were approximating new obligations, showing that the program was maturing.
The rise in technical assistance during fiscal year 1953 was
partly offset by declines in special assistance for relief and
resettlement of refugees entering Israel and in the assistance
through the United Nations for Arab refugees from Palestine.
Table 2.—Foreign Aid Authorizations Available in Fiscal Year 1954
[Billions of dollars]
Available in fiscal year 1953:
Estimated carryover from fiscal year 1952
New authorizations for fiscal voar 1953
Principal collections on Export-Import
Bank loans during fiscal year 1953
Total
Less: Utilization in fiscal year 1953
Equals: Estimated aid still to be furnished as of
June 30 1953 from prior authorizations
Additions provided by Eighty-third Congress,
first session:
\Vheat for Pakistan (Public Law 77)
For Korea:
Civilian relief (Public Law 179)
Relief and rehabilitation (Public Law
207)
.- Emergency famine relief (Public Law 216)
Mutual security:
Authorized excess-property transfers
(Public Law 118)
Appropriations (Public Law 218)
Total
Other aid
Mili- j
tary i
Total i assist- j
i ance j
I (grants')
Source of availability
- -
Estimated total availability for foreign aid in
fiscal year 1954, and for carry-over into fiscal
year 1955
Grants ! Credits
1.7 ;
2 2
6.1
3.5
2.6
4.4
2.6
2.0
_y
9.0
3.5
1.5
2.0
9.0
4.4
3.9 !
1.8
19 5
13 4
7.0
12.5
12.9
6 2
4
1.8
.4
.4
1
1
2 1
.1
.1
.1
.2
1
.2
.1
2
.1
4 5
.2
.2
3.2
1.3
1.3
5.2
3.4
1.8
1.8
17.7
12.4
5.3
3.3
American Republics rose by $164 million from the preceding
year.
India, after drawing $172 million on its special wheat loan
in the preceding year, used the last $18 million in the first
quarter of fiscal year 1953. Pakistan and Afghanistan
received loans for wheat purchases during the year.
Israel drew less and made greater repayments on its
Export-Import Bank loan than in the preceding year. The
Union of South Africa increased its drawings on ExportImport Bank loans extended for the expansion of mining
facilities in that country.
Japan made a $35-million repayment in the last quarter
of fiscal year 1953 on a cotton loan disbursed in the preceding
year.
Credits emphasize material development
Except for the special credit to Brazil, recent ExportImport Bank loans increasingly have been directed toward
the development and expansion of foreign resources and
strategic materials essential to United States industries.
New loan commitments extended primarily for that purpose
amounted to $158 million in fiscal year 1953. The ExportImport Bank has also continued to finance United States
cotton exports on a short-term basis with new loan authorizations of $52 million. New credits for general development
or other purposes during the fiscal year totaled only $45
million.
Since 1948, immediately following the creation of the
Marshall plan, actual net utilization of Export-Import Bank
loans has run less than $100 million annually except in the
last year, when it totaled $158 million. Of the ExportImport Bank unutilized loan commitments of $790 million
outstanding at the end of June $358 million were to Brazil.
Other major unutilized commitments included $90 million
to Mexico, $74 million to the Union of South Africa, and
$65 million to Indonesia. In addition, the Export-Import
Bank had available over $1 billion for further loan commitments.
Total funds available for future credits of the ExportImport Bank and other agencies aggregated $2 billion as of
June 30.
New grant funds less than current use
3 2.0
1. Public Laws 188 and 214 authorized loans of naval craft to various countries. The value
of such loans is not included in this table.
2. Legislation and agreement with Pakistan Government provide that terms upon which
30 percent of this authorization is to be consummated are to be determined later.
3. $0.9 billion is committed to various countries; $1.1 billion represents EIB uncommitted
lending authority.
Source: U. S. Department of Commerce, Office of Business Economics.
Comparatively small increases over the previous year
occurred in the economic grants to Korea, Formosa, and
Indochina—the three countries accounting for most of such
aid in eastern Asia.
Credit aid outside of Europe
Large Export-Import Bank loan utilizations by Brazil ($143
million) and Mexico ($44 million) constituted three-fourths
of the net economic credits outside Europe in fiscal year
1953. Brazilian drawings were primarily upon the $300
million loan authorized in February 1953 for liquidation of
its past-due dollar accounts with American exporters. In
consequence of these large utilizations, net credits to the
October 1953
For the fiscal year 1954, new legislation by the first session
of the Eighty-third Congress added $5.2 billion to amounts
available for foreign aid, as shown in table 2. The carryover of grant funds as of June 30, 1953 was $10% billion.
Seventy percent of the available funds for fiscal year 1954
is for military aid. Materials being produced for military
aid require comparatively long production time; thus deliveries from the funds available for fiscal year 1954 would at
current delivery rates take slightly more than 2 years to
utilize the available funds.
In recognition of the time required to produce the military
equipment furnished our allies under the military aid programs, the Congress in Public Law 118 extended to June 30,
1956, the allowable time for liquidation of the mutual security program. Military equipment transfers were authorized
through June 30, 1957. A major restriction on military aid
to Europe was enacted, requiring that 50 percent of the aid
furnished to Europe under the new appropriation should be
to the European Defense Community or its constituent
nations following ratification of EDC.
New economic aid funds reduced
Funds available for grants for other than military goods
are only one-third greater than 1 year's flow of aid at the
SURVEY OF CURRENT BUSINESS
October 1953
19
Table 3.—Summary of Indebtedness of Foreign Countries to the United States Government at June 30,1953, and Projections of Contractual
Debt Service (Principal and Interest) for Calendar Years 1953—58
[Millions of dollars]
Program and major country 1
Total .
Indebtedness
June 30,
1953
Delinquent 90
days of more
Principal
Interest
31
22
10,811
Projection of contractual debt service
Unprojected 2
342
214
303
207
304
198
92
317
112
49
200
16
26
26
12
70
59
38
23
19
3
50
154
20
28
26
12
69
53
39
23
19
3
51
149
22
28
30
11
68
49
38
22
18
2
11
2
39
11
2
39
Asia and Pacific
China
_ .
India
Indonesia
_
_
Japan
Philippines
_
Other Asia and Pacific 7
899
156
361
111
100
90
80
12
11
8
8
372
66
172
American Republics
Argentina
.
Brazil
Chile
.
Mexico
Other and unspecified American Republics 7
684
99
235
83
100
168
Canada
United Nations
_
17
63
114
4
8
1
11
2
12
2
12
2
12
1
12
1
124
2
54
143
2
89
1
2
30
2
2
2
3
4
1
2
1
2
270
6
55
1
5
147
183
4
92
1
3
48
4
2
3
8
7
2
2
2
3
175
6
56
1
5
67
176
4
91
1
3
44
4
2
3
7
6
2
2
2
3
188
8
58
2
5
70
174
4
91
1
3
43
5
2
3
7
6
2
2
2
3
192
8
60
2
5
71
171
3
90
1
3
42
5
2
3
6
6
2
2
2
3
198
7
62
2
5
72
4
5
1
17
10
4
3
3
5
166
4
89
1
3
40
5
2
3
6
6
2
2
2
2
7
1
5
10
4
6
1
8
2
5
10
4
6
1
7
2
5
10
4
6
1
7
2
5
9
3
6
1
7
2
5
9
3
6
1
7
2
5
8
5
3
3
2
1
16
11
5
5
4
1
20
11
9
6
4
2
21
11
10
5
3
2
20
11
9
4
3
1
18
11
7
3
2
1
12
4
9
2
2
2
21
4
17
4
2
13
2
5
3
21
4
5
14
2
5
3
25
4
2
5
12
2
5
3
25
4
2
5
12
2
5
2
1
2
4
10
(4)
13
2
5
3
(4)
2
1
10
1
2
1
10
2
2
2
10
3
1
2
10
3
1
2
11
2
4
1
2
3
81
14
30
7
12
18
22
3
7
3
3
5
120
13
71
8
12
15
18
3
5
3
3
5
98
13
51
8
12
14
15
2
4
2
3
4
53
13
10
7
10
13
12
2
3
2
2
3
50
13
10
8
8
12
10
2
2
2
2
3
(«)
42
3
62
21
(44)
()
3
8
7
2
3
3
3
1
3
3
1
(4)
(4)
(4)
2
6
27
(4)
5
3
4
15
(4)
()
s
23
7
3
96
1
38
(4)
Interest
71
66
34
24
20
4
244
122
122
3
Principal
221
Near East and Africa
Israel
_
Other Near East and Africa 7
4
Interest
48
219
(4)
26
26
12
11
(*)
Principal
344
1
_
Interest
72
74
34
24
20
4
11
(4)
-
Principal
232
1
1
_
(4)
Interest
47
272
(4)
31
27
12
W
4
Principal
400
221
1
99
()
Interest
73
37
19
25
15
2
314
74
223
18
Other Europe
Poland
U. S. S R
Other countries 7
4
Principal
173
4
(4)
(4)
1958
46
71
(4)
25
18
8
8,590
168
4,731
50
111
2,053
208
87
128
315
354
106
99
55
124
16
3
()
4
1957
176
Western Europe and dependent areas
. __
Belgium-Luxembourg
British Commonwealth: United Kingdom
Denmark
Finland
_
-~
France
Germany
_ _.
Greece
Ireland
Italy
Netherlands
_ .. ._ __
Norway
Turkey
Yugoslavia
Other Western Europe 7
10
17
2
1956
1955
639
3,660
2,554
1,637
1,527
1,038
126
114
154
3
1954
Princi- Interpal
est
British loan
Export-Import Bank (including
agent banks)
Mutual-security loans 3
_
Credit-agreement offsets to grants and lend-lease credits*
Surplus-property credits ._
__ ._ _ _ ._ _ _ . .
Merchant-ship credits
Military-equipment
loans.
.
...
Other 6
2
1953 (last 6
months)
(4)
6
(4)
2
(4)
(4)
(4)
4
21
7
4
3
1
14
(4)
(4)
(4)
5
17
7
4
3
2
2
1
2
(4)
(4)
5
1
17
8
5
4
3
4
1
2
(4)
(4)
5
1
17
8
5
3
3
5
2
2
(4)
(4)
2
2
(4)
(4)
1. Data shown in this table include in some instances loans and other credits extended to
private entities in the country specified; the projected repayments shown for Canada, for
example, represent the indebtedness of private entities in Canada.
2. Represents indebtedness outstanding June 30,1953, for which no projections of debt service were made primarily because repayment terms were indefinite or provided for return of
property, most of which is expected to be returned before 1958.
3. Mutual-security loans include those repayable in deficiency materials.
4. Less than $500,000.
5. Lend-lease credits include the obligations of foreign governments to return lend-lease
silver, totaling $291 million.
6. Other loans include Reconstruction Finance Corporation loans, the State Department
loan to the United Nations, and the Philippine funding by the Treasury Department.
7. In no case did the indebtedness of any individual country on June 30, 1953, exceed $50
million.
current rate, providing only a comparatively small pipeline
carryover for fiscal year 1955.
The new appropriations include about three-quarter
billion dollars for Europe, $400 million of which is mutual
defense financing to support the French Government in
financing the battle in Indochina. General economic assistance appropriated for Europe is less than a quarter
billion dollars. About 60 percent of the total available for
other than military aid grants is for Europe.
With the cessation of hostilities in Korea shortly after
the end of fiscal year 1953, the aid programs for that battlescarred country are to be expanded. New legislation by the
Congress in 1953 provided over $300 million in new funds for
relief and rehabilitation in Korea. Congress also stipulated
that significant amounts of the new authorizations for economic aid are to be utilized for grants to Formosa and Indochina, in support of their defense measures.
The expanded program for Asia and Pacific areas aggregates almost $0.9 billion of the $3.3-billion total. The Near
Eastern countries are earmarked for one-third billion dollars.
Debt-service payments
Source: U. S. Department of Commerce, Office of Business Economics.
Payments on interest and amortization of loans extended
during previous periods are scheduled to increase. For
the years 1954 through 1958 these projected payments on
principal and interest exceed $3 billion. These projections
represent principal and interest payments scheduled on the
foreign indebtedness outstanding on June 30, 1953, and
are based upon agreements in effect on that date. Thus,
they do not allow for any collections on indebtedness contracted thereafter. In particular, a $25 million annual interest
and an $11 million principal collection in 1958 on the $l-billion
German settlement agreement ratified September 16, 1953,
are excluded.
One-third of the outstanding indebtedness on June 30,
1953, was represented by the special British loan, authorized
by Congress in 1946 for $3% billion. This loan, on which
approximately $90 million has already been paid off, requires
a scheduled payment of $119 million a year for principal and
interest until 2000 when the loan matures. As payments
20
SURVEY OF CURRENT BUSINESS
progress, the amount for principal increases and that for
interest decreases.
Currently, the Export-Import Bank is the major lending
agency abroad of the United States Government and EIB
loans account for almost 25 percent of the total balances
outstanding on June 30, 1953. Scheduled collections on
these loans drop quite sharply from $346 million in 1954 to
$285 million in 1955. The large payments due in 1954 are
mainly attributed to repayments of $56 million owed by
France on the advance on contracts by the United States
Defense Department for the purchase of military supplies.
Also drafts of France for more than $25 million for the purchases of cotton are payable in 1954.
Balances on loans extended under the mutual security
program amounted to $1.6 billion as of June 30, 1953, of
which $91 million represented loans to develop the production of strategic materials. Payments on these development loans have not been projected because the terms of
payment, generally based on the delivery of strategic
materials to this country, do not allow precise scheduling
of payments. However, repayments are generally expected
over a period of 5 to 7 years.
Principal repayments on other mutual security loans
generally start in 1956 and extend to 1983. The delay in
scheduled repayments provides the debtor countries with
an opportunity to improve their economic position before
being burdened with debt payments. The major borrowers
were the United Kingdom and France, accounting for almost
40 percent of the balances
outstanding June 30, 1953.
About $2% billion 1 remain unpaid on postwar settlements
for the transfer of surplus property, relief supplies, and lendlease credits extended by the United States Government.
Payments on this balance for the period projected amount
to approximately $100 million a year, a little more on principal than on interest, with the former increasing and the
latter decreasing. France is scheduled to pay roughly a
third of this total due each year and the United Kingdom
one-sixth.
Many of the credits in respect to lend-lease and surplus
property provide for terms of payment in the currency of
the debtor country or the transfer of real estate as required
by the United States Government within, certain stated
limits and not on a definite schedule. In some cases a share
of the proceeds from the sale of surplus property is required.
Surplus property and lend-lease credits with terms of this
nature are not projected. Those credits which represent a
loan of property to be returned in kind are also not projected, for example, the wartime loan of silver and military
equipment loans.
Four-fifths of the foreign debt owed the United States
Government on June 30, 1953, represented obligations of
Western Europe and dependent areas. The debts of the
United Kingdom and France alone comprised three-fifths
of the total. Because the credits to these two countries
consist largely of types requiring lower interest rates and
longer amortization schedules, their debt-service payments
for the years 1954 through 1958 amount to $1.4 billion or
only one-half of the total debt-service payments for this
period.
Measure of legislation utilization
The data on foreign aid contained in this article continue
the series published for 1940-51 in the Foreign Aid supplement to the SURVEY. These data are intended to measure
the gross magnitude of the utilization of legislative authorizations for foreign aid. The definition excludes the cost of
United States Government combat operations, either during
1. Excluding the $l-billion German settlement ratified in September 1953.
October 1053
World War II or the Korean conflict, as well as costs of
occupation administration other than relief to the civilian
populations.
One major criterion in determining whether a particular
transaction is classified as "aid" is the provision by the
United States Government of goods or services or cash
without a concommitant quid pro quo in one of those forms.
Many transactions entered into by the United States
Government with some intent to assist a foreign economy
fall outside this specification. For example, purchases of
commodities, even when entered into with the intention of
providing necessary dollar assets to another country, are not
classified as aid.
In a similar manner, offshore purchases of military supplies, which are made in part to enable foreign countries to
acquire dollars and thus to reduce the need for direct economic aid from the United States Government, are not
per se considered aid. The donation to the foreign country,
or a third nation, of the military equipment thus purchased
is included in military aid. An example of this type of
transaction is the purchase of material from France arranged
at the Lisbon conference in 1952, to assist that country's
dollar earnings and at the same time to reduce the pressure
on the French budget created by the war in Indochina.
The weapons purchased are given as military aid to the
French for their operations in Indochina.
A modification of procedure whereby in fiscal 1954 the
United States Government, rather than purchase military
material in France, is authorized to contribute $85 million
to the French for weapons manufacture, will result in the
inclusion of the cash transaction as aid.
Aid data include loans made essentially for the development of the production of strategic materials required by
the United States. Thus they include the funds provided
to expand bauxite production in Greece, while repayments
include the value of the aluminum delivered.
Aid in balance of payments
Although the foreign aid data presented here primarily
measure the utilization of legislative authorizations, the
total aid represents with minor variations similar items in
the United States balance cf payments.
Grants correspond closely to the aid entries identified in
Government unilateral transfers and the loans to Government long-term assets in the balance of payments. Aside
from recent revisions which raised military aid by $27 million and other grants by $34 million for fiscal year 1953 the
following items constitute the major differences.
Disbursements of the Export-Import Bank agent banks,
constituting the consummation of a commitment made by
the Export-Import Bank and a charge against its legislative limitation, are included in the balance of payments with
private long-term capital movements. Movements of longterm Government assets also include collections on claims
against Mexico arising from the expropriation of American
oil properties and on investments in production facilities administered by the Reconstruction Finance Corporation.
The difference in the data on military aid stems from the
treatment of payments made under the mutual security
program to NATO constituents in support of the host
countries' construction of NATO airfields, bases, communications, and other facilities used by the forces of all NATO
countries including our own. Such payments were authorized
under the mutual security program and are here included
under military aid. In the balance of payments, however,
these pavments are considered a part of the general construction expenditures by the United States Armed Forces
and are treated as purchases of services from foreign countries.
BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*)vand a dagger (t), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Data from private sources are
1953
1952
August
September
October
November
December
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. ofdol
Compensation of employees, total.
do
Wages and salaries, total
_
do
Private
do
Military
_
.-_ _
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income,
total c? do
Business and professional d1- .
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
290.4
194.1
184.4
151.5
10.6
22 4
301.4
201.3
191.3
158 3
10.4
22 6
10.0
51.1
26.7
14.0
10 3
' 306. 7
204.5
194 5
161 3
310.7
208.0
198.0
164 5
10.0
50 8
27.0
13 4
10 4
10.0
49.7
27.0
12.3
10.4
'43.
8
r
44 6
r
24.4
20 3
45.2
45.9
25.0
20.8
.7
7.1
41. 7
40.3
21.2
19 1
1.4
7 4
-.8
76
-.6
7.7
Gross national product, total
do
Personal consumption expenditures total do
Durable goods
do
Nondurable goods
do
Services
.
do
Gross private domestic investment, total
bil ofdol
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil. of dol..
Federal (less Government sales)
do
National security 9
do
State and local
do
345.3
217 2
25.1
118 7
73.3
361.1
224 4
28.2
121. 1
75.1
362.0
227 7
30.2
121 2
76.3
372.4
230.4
30.7
122.1
77.6
52.3
23.1
24 9
4.2
-2.0
57 9
23.9
25.5
-1.6
54 0
25.0
26.2
2.9
-2.1
61.0
25.3
26.9
8.8
-2.5
77.8
54.6
49.2
23.2
80.4
56 4
50.5
24.0
82.4
57 4
51.6
24 9
83.5
58 9
53.5
24.6
Personal income, total
Less' Personal tax and nontax payments
Equals* Disposable personal income
Personal saving §
271.4
34 8
236.6
19.4
278.3
35 3
243. 0
18.6
281.6
36.2
245.4
17.7
284.4
36 7
247.7
17.2
9.6
51.5
26.1
15.2
10 2
37.7
37 0
19.4
17 5
do
do
do
do. _.
8.5
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil. of doL.
Wage and salary disbursements, total
do
Commodity-producing industries . do
Distributive industries
.
do _
Service industries
do
Government _
._. .._ do
Wage and salary receipts, total
do
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends- -do
Transfer payments
do. _
Less personal contributions for social insurance
bil. of dol. .
Total nonagricultural income
do
271.3
185.4
80.6
49.5
22.2
33.1
181.9
4.7
50.6
21.0
13.4
276.4
188.4
83.8
49.4
22.3
32.9
184.8
4.9
52.5
21.2
13.3
277.3
190.2
84.7
50.0
22.4
33.1
186.6
5.0
51.4
21.3
13.3
277.2
191.4
85.6
50.0
22.5
33.3
187.8
5.1
50.0
21.4
13.1
280.6
192. 5
87.0
50.1
22.6
32.8
188.7
5.1
51.8
21.5
13.6
280.5
192.8
86.8
50.2
22.7
33.1
188.8
5.1
51.6
21.6
13.5
281.0
194.6
88.0
50.6
22.8
33.2
190.9
5.1
50.2
21.7
13.3
283.6
196.2
88.8
50.9
23.2
33.3
192.4
5.1
50.7
21.9
13.7
282.7
196.6
88.8
51.0
23.4
33.4
192.8
5.1
49.4
22.0
13.6
284.7
198.0
89.3
51.7
23.5
33.5
194.2
5.1
50.0
22.1
13.5
286.3
199.5
89.8
52.2
23.9
33.6
195.6
5.1
50.1
22.3
13.5
3.8
3.9
3.9
3.8
3.9
4.1
3.9
4.0
4.0
4.0
4.2
251.9
255.7
258.0
259.1
261.6
261.1
263.3
265.4
265.5
267.2
268.8
r 287. 5
201.2
'90.6
'52. 9
'24.2
'33.5
197.3
5.1
'49.5
'22.4
13.5
4.2
' 270. 6
287.0
200.7
89.9
53.0
24.2
33.6
196. 8
5.1
49.3
22.5
13.6
4.2
270.3
NEW PLANT AND EQUIPMENT
EXPENDITURES
7,225
1 7, 408
7,265
6,147
6,244
All industries quarterly total
mil of dol
1 3, 425
3,280
3,367
2,747
2,820
Manufacturing
do
i 244
212
229
199
206
Mining
do
1331
358
310
357
289
Railroads
do
1358
339
311
335
302
Transportation other than rail
do
1,148
11,231
1,142
904
947
Public utilities
do
1 1, 820
1,887
1,675
1,835
1,680
Commercial and other
...do ._.
'Revised.
1 Estimates for July-September based on anticipated capital expenditures of business; those for October-December 1953 appear on p. 4 of the September 1953 SURVEY.
cflncludes inventory valuation adjustment.
9Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown
as a component of gross national product above.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1953
1952
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
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
1 935-39 =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
2,882
2,874
1,377
1,497
394
812
278
3,620
3,609
1,926
1,683
370
984
316
4,123
4,098
2,303
1,795
365
1,088
330
3,546
3,528
1,877
1,651
346
911
384
3,072
3,056
1,537
1, 519
338
826
349
2,742
2,717
1, 331
1,386
337
780
259
1,889
1,872
669
1, 203
311
654
231
2,025
2 000
618
1 382
357
725
290
1,934
1 897
522
1 375
365
692
302
1,979
1,945
520
1 425
407
673
318
2,171
2 145
725
1 420
402
696
294
2,442
2 428
1 051
1 377
386
667
300
"2,639
"2 631
P i 243
P 1 388
" 364
"693
P 318
434
487
394
544
681
443
618
814
472
532
663
435
461
544
400
410
470
365
283
238
317
302
218
364
286
184
362
293
184
375
324
256
374
366
371
362
" 397
" 439
"365
161
182
145
196
237
164
220
274
179
190
217
170
180
197
168
164
183
149
115
93
131
122
81
153
118
68
156
121
69
161
137
97
167
156
157
155
" 181
" 157
240
240
240
241
r 234
P 239
254
253
254
' 246
P 251
P
p
P
"
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume
218
232
233
235
233
232
236
do
228
242
245
246
246
245
250
do
do
do
do
do
do
do
do
do
269
244
160
175
152
336
213
197
251
292
270
167
183
159
354
225
216
248
301
281
164
189
151
363
237
231
251
305
283
160
191
143
371
241
236
251
310
286
151
196
128
385
246
241
259
312
287
151
189
132
393
250
243
266
319
290
158
191
142
398
259
245
293
326
297
162
193
146
406
259
243
301
326
292
168
189
157
402
263
248
299
322
155
185
139
400
262
251
290
321
288
163
182
153
398
259
249
284
r 312
'282
P 389
p 245
" 230
"281
do
. do .
do
. - do
do
do .
231
261
169
272
300
175
232
263
167
267
353
247
235
267
173
262
371
265
226
252
167
245
376
272
214
231
165
210
392
282
209
209
155
227
391
283
216
212
157
248
403
297
227
224
161
271
412
308
230
249
161
261
417
314
238
259
160
291
407
304
236
259
164
276
407
304
r 233
v 240
Nondurable manufactures
do
Alcoholic beverages .
do
Chemical products
do
Industrial chemicals
do
Leather and products
do
Leather tanning
__
do
Shoes
do
Manufactured food products
_. do
Dairy products
do
Meat packing
.
. . do
Processed fruits and vegetables
do
195
159
299
568
116
95
129
185
214
138
234
201
159
305
567
111
95
123
192
173
154
279
200
173
309
578
112
104
118
178
133
169
190
199
163
313
595
114
107
120
165
106
190
114
193
142
314
598
107
99
112
161
107
208
100
191
134
311
595
117
103
126
153
98
199
93
194
144
313
598
122
109
131
149
109
166
90
197
161
318
605
116
97
129
151
128
166
85
196
165
322
614
112
102
119
151
162
159
90
198
164
320
619
111
103
116
156
202
154
100
199
174
323
627
103
95
108
162
925
156
111
do
do...
do
do...
do
do _.
do
do .
do .
do.
do
do
188
180
280
169
231
157
242
170
143
369
123
193
191
181
282
177
234
166
252
177
145
377
137
198
203
192
279
179
225
180
260
172
142
361
134
197
205
194
290
182
233
183
264
176
149
356
137
184
195
185
291
186
229
172
272
169
141
337
138
159
200
191
293
188
230
168
268
169
140
350
130
178
207
198
293
188
231
178
270
173
149
338
142
184
211
201
289
189
225
187
275
173
148
352
137
183
210
200
286
187
225
187
272
169
141
355
128
174
210
199
288
189
230
187
269
173
143
367
130
174
208
197
296
189
238
178
270
174
142
367
135
176
' 185
" 214
' 294
188
' 245
161
r
261
156
113
' 359
" 295
do.
do
do
do_.
do
do
161
161
61
102
194
164
180
180
88
144
203
178
166
167
95
93
203
164
170
177
87
135
202
131
163
176
71
125
207
84
159
172
60
116
204
84
158
170
60
109
205
87
157
168
52
107
204
90
163
167
47
113
201
134
166
168
66
113
199
160
172
173
66
116
206
171
170
169
57
103
207
171
P 174
" 175
54
119
" 209
" 172
do_
215
228
230
234
235
236
240
243
241
240
240
' 232
" 236
225
237
212
245
247
249
254
258
255
253
253
' 244
" 248
267
149
135
213
251
221
231
163
261
290
155
140
225
248
222
227
161
261
300
155
138
237
251
224
231
163
254
304
161
146
240
251
221
233
162
242
313
165
149
246
258
221
254
160
225
316
171
162
250
266
223
257
168
232
322
175
166
259
293
233
279
166
255
328
172
161
259
300
238
273
169
271
326
168
157
263
299
232
262
165
261
321
151
134
262
290
' 311
' 149
246
160
271
320
154
139
25Q
285
233
242
165
279
" 311
P 159
P 146
P 245
"281
"280
195
191
194
194
197
195
Nondurable manufactures
do
201
198
198
162
180
151
155
166
159
158
Alcoholic beverages
do
173
164
304
302
302
309
308
310
Chemical products, _
do_.
310
314
319
112
113
116
112
116
107
Leather and products
do
119
117
112
103
103
100
97
97
103
Leather tanning
_
do .
101
102
98
165
164
165
164
161
168
Manufactured food products
do
165
168
165
146
148
148
152
147
151
Dairy products
do .
151
154
156
169
169
176
170
158
170
Meat packing
do
174
179
171
124
123
143
128
147
143
148
143
155
Processed fruits and vetetables.
.do
' Revised.
" Preliminary.
^Revisions beginning 1951 to adjust to benchmarks indicated by the 1950 Census of Agriculture will be available 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.
199
155
320
111
104
163
152
154
1.54
198
152
324
104
97
161
152
157
144
Unadjusted, combined index
1935-39= 100 _.
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
Cement - .
_ .. ..
Clay products
Glass containers
..
Transportation equipment
Automobiles (incl. parts) .
Paper and products
Paper and pulp
Petroleum and coal products
Coke .
Gasoline
Printing and publishin g
Rubber products
Textiles and products.
Cotton consumption.. ___
Rayon deliveries
Wool textiles . _ . _
Tobacco products
Minerals
Fuels
_
Anthracite
Bituminous coal
Crude petroleum
Metals
_. __
Adjusted, combined indexcf
Manufactures
,
_
_
'
.
do
Durable manufactures
do
Lumber and products _ _ __ _ do.
Lumber
do
Nonferrous metals
_.
- d o
Smelting and refining
do
Stone, clay, and glass products _
do
Cement _
do
Clay products
'
do
Glass containers
do
255
270
r 158
r
r
r
r
177
14Q
387
251
238
967
' 157
269
' 394
r 290
'192
181
r 323
'636
94
81
313
277
169
184
P i6i
P 389
" 277
"201
" 324
"633
109
172
221
149
'174
r 135
'251
'283
'231
243
' 155
280
'191
158
'326
95
85
' 160
150
157
' 134
"181
" 153
" 248
" 174
"261
" 167
139
347
" 156
"197
"327
P 160
P 172
SURVEY OF CURRENT BUSINESS
October 1053
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-3
1953
1952
August
September
November
October
December
February
January
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume— Con.
A djustedc?— Continued
Manufactures — C ont inued
Nondurable manufactures— Continued
Paper and products
1935-39— 100
Paper and pulp
.. - _
do
Printing and publishing
do
Tobacco products
do
188
180
165
186
192
181
165
187
203
192
176
190
205
194
175
181
196
185
168
172
200
191
173
179
207
197
180
194
211
201
183
194
209
199
181
184
209
199
184
174
207
197
179
169
186
"215
173
*1S3
156
131
175
149
164
145
171
138
168
117
164
120
163
123
162
125
164
145
164
144
169
145
165
-137
*> 170
"139
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
do
Nondurable-goods establishments
do.
Retail trade, total
do
Durable-goods stores
_. _ . __
do.
Nondurable-goods stores
do
43, 628
21, 898
10, 437
11, 460
8 371
2,' 495
5,876
13, 359
4,199
9,160
46, 288
23, 663
11,510
12, 154
9,055
2,793
6, 262
13, 570
4,505
9, 065
48, 344
24, 753
11,968
12, 785
9,389
2, 931
6. 458
14, 202
4,844
9, 358
i
:
46, 229
23, 430
11,676
11, 754
8, 773
2, 737
6, 036
14. 026
4, 769
9. 257
48, 023
24, 276
11,913
12, 363
9. 337
2,962
6, 375
14, 410
4,871
9, 539
47, 383
24, 292
12, 195
12, 097
8,951
2,777
6,174
14, 140
5, 000
9,140
48, 827
25, 170
12, 828
12, 342
9,143
2,929
6,214
14, 514
5, 304
9.211
49, 104
25, 469
12, 821
12, 648
9,198
2,952
6,246
14,437
5,211
9, 225
49, 988
26,850
13, 490
13, 360
8, 858
2, 897
5,961
14, 280
5,124
9, 156
49, 406
26, 226
13, 238
12,988
8, 713
2. 846
5, 867
14, 467
5, 154
9,313
r
49, 250
26, 172
13, 046
13, 126
8,666
2,892
5, 774
- 14, 412
5,103
- 9, 309
- 49, 614
' 26, 514
r
13, 144
-13,369
- 8, 631
2, 799
- 5, 832
'r14, 469
5. 102
' 9, 367
48, 489
25, 521
12,713
12,808
8, 775
2,827
5, 948
14, 193
4,943
9,251
Business inventories, book value, end of month
(adjusted), total
mil. of dol._
Manufacturing, total _
do
Durable-goods industries-- . - . . . _ . . . d o
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
72, 714
43, 107
23. 200
19, 908
9,862
4, 934
4,928
19, 745
8, 626
11,119
73, 437
43, 224
23, 292
19, 932
9,932
4.964
4,968
20, 281
8, 956
11,325
74. 189
43,415
23, 615
19, 800
10, 122
4.986
5, 136
20. 652
9. 175
11.477
1
i
-.
;
'!
74, 682
43, 596
23, 835
19, 761
10, 191
5, 084
5, 107
20,895
9, 384
11.511
74. 757
43, 824
24, 292
19, 532
10, 129
5, 079
5. 050
20, 804
9, 352
11.452
74, 619
43, 766
24, 392
19,374
10,039
5, 084
4, 955
20, 814
9. 539
11.275
74, 941
43, 848
24, 480
19.368
10, 120
5,219
4,901
20, 973
9,905
11.068
75, 335
44, 056
24, 746
19,309
10, 183
5, 336
4,847
21,096
10, 084
11.012
76, 466
44, 566
25. 122
19.444
10, 244
5, 322
4,922
21, 656
10.396
11.260
76, 836
44, 970
25, 420
19, 550
10, 323
5, 349
4,974
21, 543
10, 252
11,291
- 77, 511
45, 525
25, 775
19, 750
r
10, 414
5, 276
- 5, 138
21. 572
10, 257
11,315
r
78, 311
- 45, 792
25, 983
19, 809
- 10, 431
-r 5, 424
5, 007
r
22, 088
r
10, 560
Ml, 528
78, 761
46, 165
26, 163
20, 002
10, 435
5, 534
4, 901
22, 101
10,521
11,640
MANUFACTURERS' SALES. INVENTORIES,
AND ORDERS
Sales:
Value (unadjusted), total , _
mil. of dol
Durable-goods industries-- _ ..
do
Nondurable-goods industries
do
22, 605
10, 579
12, 026
24, 700
11,905
12, 795
26, 488
12, 787
13, 701
23, 408
11,510
11.898
24. 315
12, 172
12, 142
23, 888
11,747
12,141
23, 988
12, 089
11,909
26, 738
13, 581
13, 157
26, 219
13, 456
12, 763
25, 302
12, 893
12,410
25, 878
13, 305
12, 572
-r 24. 536
12, 043
- 12, 493
25, 292
12, 288
13, 004
21, 898
10, 437
1, 930
1, 053
1,168
1,833
1,309
811
389
600
522
261
563
23. 663
11,510
2.107
1,156
1,256
1.966
1,831
749
419
629
545
245
607
24. 753
11, 968
2. 198
1. 263
1.205
2, 068.
1,842
812
410
678
553
277
663
23, 430
11,676
2.100
1. 177
1,238
2, 060
1.826
923
362
596
518
255
623
24, 276
11,913
2.048
1. 287
1, 259
2, 053
1,920
819
362
727
497
310
629
24, 292
12,195
2,082
1,397
1, 256
2.138
2, 068
817
305.
721
509
312
590
25. 170
12,828
2, 115
1,481
1.342
2,204
2. 164
837
315
766
571
311
723
25, 469
12.821
2. 150
1, 446
1, 347
2,137
2,241
786
361
717
585
331
719
26, 850
13, 490
2. 296
1, 589
1,316
2,224
2. 344
878
373
800
538
365
766
26, 226
13,238
2,258
1,507
1,361
2, 097
2.311
885
377
745
590
370
738
26, 172
13, 046
2.172
1, 457
1,478
2,089
2.255
816
367
752
597
353
710
r 26, 51 4
- 13, 144
2,284
1, 515
1, 352
1,992
2, 308
-895
'348
-766
- 587
-381
'716
25, 521
12,713
2.091
1, 462
1, 462
2, 033
2.217
870
367
695
595
324
598
12.342
3,314
465
333
1,113
1.038
307
722
754
1,715
2,081
499
12, 648
3,480
570
325
1,127
1, 036
292
718
754
1,767
2, 067
510
13, 360
3. 674
576
327
1,345
1.176
299
720
781
1.808
2,146
508
12,988
3, 572
600
308
1,242
1,174
301
708
770
1,781
2, 061
472
13,126
3. 453
671
318
1,185
1, 182
355
734
738
1. 734
2, 268
488
r
13, 369
3,r 698
653
-322
- 1,207
' 1,174
* 376
-748
"•681
r
1,
749
r
2, 252
511
12, 808
3, 547
640
319
1,074
1,025
343
803
624
1,664
2,222
44, 264
24, 539
19.726
44, 551
24, 990
19, 560
44, 794
25, 332
19, 462
45, 287
25, 771
19, 516
45, 685
25, 980
19, 704
-r 45, 746
26, 103
-19,643
45, 775
26,112
19, 663
16, 030
13, 044
15, 190
16, 052
13, 236
15. 263
15,909
13, 371
15, 514
16, 028
13, 368
15, 891
16, 197
13, 451
16, 037
- 16, 324
- 13, 426
-15,996
16,379
13, 253
16.144
Minerals - . . _
Metals
...
.
do
do
BUSINESS SALES AND INVENTORIES!
Value (adjusted), total
do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal products
do
Electrical machinery and equipment- _ _ d o
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. _ _ d o
i
J
i
:
Nondurable-goods industries, total
Food and kindred products
Beverages
Tobacco manufactures
Textile-mill products
Apparel and related products
Leather and leather products
Paper and allied products
Printing arid publishing
_
Chemicals and allied products
Petroleum and coal products
Rubber products
do
do
do
do
do
do
do
do
do
__do
do
do.
11, 460
3,012
573
310
1,058
965
282
667
667
1,473
2,003
452
12, 154
3, 246
534
324
1,137
1,068
275
699
678
1, 602
2,109
482
12,785
3. 452
513
327
1.188
1,281
265
734
720
1.660
2. 181
464
11,754
3. 191
457
309
1,084
1. 143
234
663
678
1. 532
2. 059
403
12,363
3. 293
545
344
1, 151
1. 260
288
682
691
1. 558
2. 114
438
12. 097
3. 211
478
306
1.108
1. 046
299
736
725
1, 667
2, 014
507
Inventories, end of month:
Book value (unadjusted), total-.
Durable-goods industries
Nondurable-goods industries _ ..
do
do
...do.
42, 707
23, 116
19, 591
42, 660
23, 147
19, 513
42, 920
23, 385
19, 536
43. 243
23, 553
19, 690
43, 829
24, 045
19, 784
44, 037
24, 253
19, 784
do
do
do
15, 699
12, 041
14,967
15, 836
12, 132
14, 692
16. 058
12, 272
14, 590
16,236
12, 268
14, 739
16.414
12, 516
14. 898
16, 106
12, 735
15, 195
By stages of fabrication:
Purchased materials
Goods in process
Finished goods _ _
Book value (adjusted), total
do
Durable-goods industries, total. .
do
Primary metal
do
Fabricated metal products
_ _ . . . do
Electrical machinery and equipment.... do
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and
fixtures
do
Lumber products, except furniture
do
Stone, clay, and glass products.
do
Professional and scientific instruments -do
Other industries, including ordnance-- -do
f
r
r
r
43, 107
43, 224
43, 415
43. 596
43, 824
43, 766
43, 848
44, 056
44, 566
44, 970
45, 525 «• 45, 792
46, 165
23, 200
23, 292
23, 615
23, 835
24, 292
24, 392
24, 480
24, 746
25, 122
25, 420
25, 775 r 25, 983
26, 163
3,031
2,971
3,084
3,165
3,122
3,156
3,080
3,070
3,083
3, 132
3,175
r 3, 238
3, 334
2,309
2,318
2.362
2,401
2,424
2,439
2,420
2,446
2,507
2,573
2,694
«• 2, 77(5
2, 803
3, 037
3,031
3. 039
3,032
3, 096
3,120
3,137
3,200
3,302
3,382
3,419
' 3, 458
3, 502
5,280
5,274
5,275
5, 287
5. 411
5, 396
5,445
5,482
5. 514
5,514
5, 529
' 5, 536
5, 503
2,641
2,636
2. 735
2. 853
3. 009
3,017
3, 050
3,139
3,265
3, 313
«• 3, 341
3, 338
3, 309
2,291
2,343
2. 472
2 455
2. 576
2,566
2,609
2, 643
2.661
2, 635
2,701
«• 2, 703
2.714
532
534
533
543
518
525
544
544
534
554
-576
569
560
1,010
1,006
1,019
1,054
1. 066
1.072
1, 076
1,092
1,086
1,089
1,094
' 1, 087
1, 120
904
892
874
852
850
872
890
900
920
935
953
••952
924
770
764
778
785
808
809
808
794
799
807
-820
818
838
1,456
1,462
1, 445
1,412
1,408
1,420
1,422
1, 438
1, 451
1,486
-1,491
1,486
1,555
Revised.
* Preliminary.
c?See note marked "cf" 011 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 on this page; those for retail and wholesale trade, on pp. S-8, S -9, and S-10.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1952
October
August
1953
November
Decvm
ber
January
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS—Continued
Inventories, end of month — Continued
Book value (adjusted), total— Continued
Nondurable-goods industries, total, .mil. of dol..
Food and kindred products
. do -._
Beverages
do
Tobacco manufactures
do ...
Textile-mill products
do
Apparel and related products
do - .
Leather and leather products
do
Paper and allied products
do
Printing and publishing
- do
Chemicals and allied products
do
Petroleum and coal products _ .
.do ...
Rubber products
do _.
19, 908
3, 489
1 259
1,720
2,798
1,770
543
972
722
3. 022
2,728
884
19, 932
3,443
1, 268
1,726
2, 833
1,725
541
973
734
3,022
2.788
877
19, 800
3. 488
1 222
1, 726
2 841
1,609
549
960
744
3,010
2,777
874
19, 761
3, 450
1 202
1, 742
2,743
1, 618
545
974
775
3, 009
2. 805
897
19. 532
3, 332
1, 164
1,778
2 654
1,665
548
1.001
758
2, 968
2 727
930
19. 374
3. 312
1 153
1,773
2 606
1,689
549
990
757
2,915
2. 716
915
19, 368
3, 378
1 184
1,738
2 618
1,6,83
534
992
746
2,894
2, 713
887
19, 309
3, 275
1 198
1, 731
2 597
1, 674
553
900
755
2, 907
2 726
903
19, 444
3 241
1 190
1 750
2 648
1 678
572
998
755
2,969
2, 726
916
19, 550
3,198
1 184
1,766
2 671
1,672
604
987
736
3,005
2,803
924
19, 750
3,147
1, 183
1, 759
2, 762
1,697
625
976
750
3, 122
2,789
942
' r19,809
3 104
New orders, net (adjusted), total
do
Durable-goods industries, total ---do
Primary metal
do
Fabricated metal products - .. ._
- _do
Electrical machinery and equipment
do
Machinery, except electrical
do
Transportation equipment, including motor
vehicles and parts
mil of dol
Other industries, including ordnance
do
Nondurable-goods industries, total
_ do
Industries with unfilled orders 9
do
Industries without unfilled ordersf
do
21, 852
9,998
1, 789
1,142
1, 066
1, 515
24, 516
12, 328
2,194
1,375
1,311
1,883
24. 152
11, 452
2,211
1,289
1, 324
1.926
23, 061
11,441
1, 855
1,169
1,184
1,999
24, 466
12,011
1,834
1,203
1,366
1, 965
24, 270
12, 080
2 027
1,408
1 579
1,784
25, 530
13, 138
2, 165
1, 390
1, 363
1, 813
24, 591
12, 023
2 080
1, 322
1 096
1,894
25, 721
12, 621
2 083
1,330
1 684
2,202
25, 306
12, 444
2, 206
1,527
1,426
1,956
25, 553
12, 456
2, 152
1, 233
1,189
1,946
'•24,417
r
11.078
1 862
1 359
1 423
1,652
2 368
2, 118
11, 854
3,067
8 787
3.301
2,265
12, 187
2, 823
9,364
0 9^9
2, 451
12, 700
2 822
9 878
2,789
2. 445
11,620
2, 525
9, 095
2,991
2.651
12, 456
2, 904
9, 552
2 946
2, 335
12,190
2 960
9 230
3 824
2, 583
12, 392
2, 946
9 446
2 792
2 838
12, 567
2 811
9 756
2 415
2 907
13, 100
2 885
10 215
2 564
2,765
12, 862
2 895
9 967
3 160
2,777
13, 097
2,982
10 114
T
Unfilled orders, end of month (unadj.), total- _do
Durable-goods industries, total
do
Primary metal
._
...
--do -..
Fabricated metal products
do
Electrical machinery and equipment - -do
Machinery, except electrical
do
Transportation equipment, including motor
vehicles and parts
mil. of dol
Other industries, including ordnance
do
Nondurable-goods industries, total 9
do
75, 220
71, 882
8,597
6,226
11, 419
11,115
75, 662
72, 305
8, 465
6, 383
11,512
10, 942
74, 478
71, 256
8, 406
6, 335
11, 501
10, 651
73, 163
70, 049
8,125
6, 209
11,241
10, 438
72, 520
69. 605
7, 930
5, 994
11,338
10. 226
73. 366
70 230
7,874
6. 305
11,592
10, 102
73, 699
70, 492
7, 843
6, 247
11,440
9,871
73, 367
70 201
7, 838
6 263
11,372
9. 665
72, 432
69 328
7,618
6 194
11, 592
9.558
71, 227
68 051
7, 390
6, 096
11, 576
9,313
r
70, 848
69, 939 !
r 66 693 i
67, 476
r
7, 345
7 282
r 5 Qgg
5 779
r 11 ' 828 '
11, 599
9. 010 I ' 8, 863
67, 71o
64 638
7 07s
5 57g
11 528
8. 644
27, 912
6, 613
3, 338
28, 587
6, 417
3, 357
28, 249
6,112
3, 223
28, 081
5, 954
3, 114
28. 380
5, 737
2,915
28 536
5. 820
3, 136
29, 128
5, 963
3, 208
28 824
6, 238
3, 166
28, 067
6, 298
3, 104
27, 568
6,110
3,176
27 757
5, 986
3. 372
r 96 764 :
6, 268 !
' 3, 246i
25 77"T
6*, 039
3,07i
'3,703 '
7,487
724
43
64
164 I
380 '
73 i
700
49
92
148
340
71
;
T
I
r
r
r
20, 002
3, 176
1 111
1,798
2 798
1.819
584
927
744
3, 227
2, 887
187
1 780
2 786
1r 742
590
>•r 955
727
* 3, 149
r
2. 858
931
22, 924
9,82q
1 7lQ
1.44i
1 UK
1,63s
1 99^
2 854
13 339 i
r 3 ()()3 i
r \\) 336
1
9
13
'?
!
808
12-*
09 5
99"
lo'o^s
r
BUSINESS POPULATION
!
j
i
OPERATING BUSINESSES AND BUSINESS
TURNOVER
4, 059. 0
404.4
300 5
868.2
1 661 1
211.4
613 3
4, 043. 4
403. 2
295 4
867. 2
1 651 3
211 3
615 0
do
do _ _
. -do
do ..
do
do
do
90. 2
16.2
13.2
80.5
12.3
8.2
14.7
29.6
3.7
12. 1
do
do
do
do
do
do
. do -
81 3
11.2
11. 2
32.9
35 2
3.2
7.6
96 0
13.6
13. 3
15. 7
39 4
3.7
10.4
do
101.2
82.5
Operating businesses, end of quarter, total. -thous ,
Contract construction
_ _. ... do ..
Manufacturing
do
Serv ice industries , . .
do
Retail trade
do
Wholesale trade
do
A 11 other
do
New businesses, quarterly total
Contract construction
Manufacturing - - - - - - - - - . .
Service industries
Retail trade
Wholesale trade
All other
_._
Discontinued businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other.-. . ... .
Business transfers, quarterly total
8.6
15.3
33.1
3.9
BUSINESS INCORPORATION Sd"
New incorporations (48 States)
1
i
i
'
\
i
j
7,088
*
7,529
-numberdo
_ __ do- _
do
do.. - do ...
594
51
58
109
316
60
539
36
50
107
288
58
631
52
88
146
291
54
590
61
62
121
280
66
583
43
76
131
288
45
647
39
78
130
334
66
thous. of doL,
do
do.. do
do
do
16, 322
1,809
1,816
5,056
5,255
2,386
20, 138
947
2,729
6,780
5,317
4,365
35. 049
2,175
5. 167
13, 079
6, 078
8, 550
18, 757
3, 027
1,588
5, 853
5.865
2, 424
23. 400
953
5, 068
8.458
7,046
1, 875
23.309
868
2,735
9,107
8, 009
2. 590
,-iiuinber-
8, 223
6,741
8. 274
9,468
'Liabilities, total
Commercial service
Construction
... - _ Manufacturing and mining
Retail trade
.
Wholesale trade
7,943
9,659
9,507
8,968
691
49
86 !
132
348
76
739
63
85
154
361
76
693
48
86
140
344
75
697
66
70
143
344
74
27,273
1, 180
3,378
8,452
9, 139 !
5, 124 i
31,082
1, 387
3,506
12,213
10, 423
3, 553
27, 520
1, 765
3, 748
10, 585
8,497
2, 925
32, 789
3,536
2,511
13, 981
6,909
5,852
!
!
1
i
|
j
i
i
I
i
I
i
i
f
Revised.
» Preliminary.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
^For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders,
cfData are from Dun & Bradstreet, Inc.
8,926
1
I
i
INDU STRIA L AND COMMERCIAL
FAILURESd"
Failures, total
Commercial service
Construction _ . Manufacturing and mining
Retail trade
Wholesale trade
!
'
817
74
99
145
419 !
80
32,379
1,759
3,200
11,179
12,464
3,777
!
|
i
\
'
41,324
1,210
2,789
17,139
11,282
8,904
;
1
j
j
1
i
28,529
1,077
3,868
10,267
10,275
3 042
SUEVEY OF CUREENT BUSINESS
October 1953
S-5
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August
September
October
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-bearing crops
do
Livestock and products
Meat animals
Dairv products
Poultry and eggs
--
_ _ __
do
do
do
do
295
272
236
233
436
319
206
229
310
288
264
240
234
428
329
200
182
305
282
260
240
219
429
311
215
189
304
277
257
248
213
412
288
195
238
300
269
257
247
218
428
268
206
256
300
267
251
245
214
419
252
208
237
291
263
247
240
206
424
255
209
237
287
264
253
246
208
424
266
215
248
291
259
247
244
206
424
266
226
204
289
261
243
242
205
426
268
224
182
285
259
251
222
198
425
266
253
270
280
259
237
218
197
426
269
207
216
268
258
237
215
198
430
277
205
221
262
316
372
295
225
309
349
307
227
301
328
316
228
295
310
318
238
280
291
309
221
281
303
296
218
277
305
286
206
274
301
277
216
270
299
264
218
277
317
257
218
267
299
254
213
280
318
261
223
276
305
267
230
Prices paid:
All commodities
.. - 1910-14 = 100
Commodities used in living
.. .._ -do
Commodities used in production
do
All commodities, interest, taxes, and wage ratesj
1910-14=100-
274
273
274
271
271
272
269
269
269
268
269
266
267
269
264
267
268
265
264
266
261
265
269
261
264
269
257
264
270
257
260
271
248
261
271
250
262
273
249
'288
'286
'284
'282
'281
'284
'281
'282
'280
'280
'277
'279
'279
Parity ratio 9 J
'102
101
'99
'98
96
'94
94
94
'92
'93
94
93
'92
All commodities (U. S. Department of Commerce
index)
1935-39=100..
211.8
211.1
210.7
210.4
209. 6
209.0
207.8
208.2
207.9
208.2
209.7
' 210. 1
210.2
Consumer price index (U.S. Department of Labor) :
All items
1947-49 = 100
Apparel
do
Food
do
Dairy products
do
Fruit and vegetables
- do
Meats poultry and
fish
do
114.3
105. 1
116.6
111.0
118.7
119.4
114.1
105.8
115.4
112.5
111.5
119. 2
114.2
105.6
115.0
113.2
111. 3
116.9
114. 3
105.2
115.0
113.3
115.9
114.3
114.1
105.1
113.8
112.7
115.8
113.0
113.9
104.6
113.1
111.6
116.7
110.9
113.4
104.6
111.5
110.7
115.9
107.7
113.6
104.7
111.7
110.3
115.5
107.4
113.7
104.6
111.5
109.0
115.0
106.8
114.0
104.7
112.1
107.8
115.2
109.2
114. 5
104.6
113.7
107. 5
121.7
111.3
114.7
104.4
113.8
108.3
118.2
112.0
i 115.0
104.3
114.1
109.1
112.7
114.1
114.6
105.0
107.6
118.2
118.1
112.1
107. 0
127.0
115.9
114. 8
105.0
108.1
118.3
118.8
112.1
107.3
127.7
115.9
115.2
105.0
107.9
118.8
118.9
112.3
107.6
128.4
115.8
115.7
105.4
108.0
119.5
118.9
112.4
107.4
128.9
115.8
116.4
105. 6
108.2
120.7
119.3
112.5
108.0
128.9
115.9
116.4
105.9
107.7
121.1
119.4
112.4
107.8
129.3
115.9
116. 6
106.1
108.0
121.5
119.3
112.5
107.5
129.1
115.8
116.8
106.5
108.0
121.7
119.5
112.4
107.7
129.3
117.5
117.0
106.5
107.8
122.1
120.2
112.5
107.9
129.4
117.9
117.1
106.6
107.6
123.0
120.7
112.8
108.0
129.4
118.0
117.4
106.4
108.0
123.3
121.1
112.6
107.8
129.4
118.2
117.8
106.4
108.1
123.8
121.5
112.6
107.4
129.7
118.3
118.0
106.9
107.4
125.1
121.8
112.7
107.6
130.6
118.4
___
._ . _
. ._ do
RETAIL PRICES
Housing
Gas and electricity
Houscfurnishings _
Rent
Medical care
Personal care
__ Reading and recreation
Transportation
Other goods and services
do
do
.. do
do
.- .- do
.
do
_ do
do
do
WHOLESALE PRICES^
U . S . Denartment of Labor indexes:
\lleonimodities
1947-49=100
112.2
111.8
111.1
110.7
109.6
109.9
109.6
110.0
109.4
109.8
109.5
110.9
110.6
Farm products
do
Fruits and vegetables, fresh and dried do
Grains
_ _ _
__ do
Livestock and live poultry
do
109.9
124.3
96.9
106.4
106.6
115.6
96.9
99.3
104.9
111.7
95.0
94.8
103.6
113.2
96.5
93.0
99.2
112.3
96.1
86.8
99.6
107.3
94.6
92.7
97.9
102.2
93.1
91.2
99.8
105.8
94.7
91.7
97.3
106.9
93.8
87.5
97.8
105.4
93.4
91.7
95.4
109.9
84.2
86.8
97.9
94.7
85.4
95.9
96.3
98.0
86.5
88.1
Foods, processed
_ _ do
Cereal and bakery products
do
Dairy products and ice cream _
_ do
Fruits and vegetables, canned and frozen
1947-49 = 1 00 ..
Meats, poultry, and fish __ . _
do
110.5
106.4
114.3
110.3
106.5
116.4
108.5
106.4
115.9
107.7
107.1
115.5
104.3
106.8
113.0
105.5
106.8
111.9
105.2
107.6
110.9
104.1
108.9
109.7
103.2
109.2
108.5
104.3
109.0
107.9
103.3
107.9
107.7
105.5
108.5
110.0
104.8
108. 5
110.7
105.1
112.3
105.9
109.4
105.9
104.1
106.0
102.0
105.0
93.9
105.4
99.3
105.5
98.2
105.1
91.2
104.4
89.2
104.0
93.8
103.7
91.6
r
105. 0
97.0
104.9
93.6
113.0
104.0
114.6
92.1
47.5
110.9
106.9
113.2
104.0
114.3
92.1
48.9
111.0
107.0
113.0
103.9
113.9
92.0
51.0
111.0
106.5
112.8
103.5
112.7
91.9
53.1
111.1
106.3
112.9
103.3
112.3
91.3
52.8
113.0
106.1
113.1
103.6
112.8
91.5
53.5
112.9
106.2
113.1
103.6
113.1
91.4
52.7
112.7
105.9
113.4
104.2
113.9
91.6
59.0
112.8
106.0
113.2
105.5
117.0
93.0
55.9
113.2
106.0
113.6
105.5
118.0
93.1
49.9
112.9
106.1
113.9
105.6
119.2
93.1
46.6
110.6
106.1
114.8
' 106. 2
120.2
93.6
'46.7
113.8
106.1
114.8
106.3
120.2
93.5
46.2
113.8
106.3
Fuel, power, and lighting materials
do
Coal
do
Electricity
. _.
do__ .
Gas
do
Petroleum and products
- - do.
Furniture and other household durables
1947-49 = 100-Appliances, household
do
Furniture, household
do
Radios
_
do
}
Television sets
do
105.8
106.5
100.7
100.4
108.3
106. 2
107. 6
101.3
100.3
108.5
106. 6
113.3
98.5
100.4
108.5
106.7
113. 6
98.0
104.9
108.1
107.2
116.1
98.5
104.9
107.9
107.8
116.3
99.6
108.0
107.9
108.1
115.9
100.7
109. 5
107.9
108.4
114.4
100.7
109.5
109.0
107.4
111.2
98.0
109.5
109.3
107.1
110.8
97.4
108.2
109.4
108.3
111.2
98.5
108.2
111.1
'111.1
'111.8
98.5
' 106. 1
116.8
110.9
111.6
98.5
106.1
116.5
111.5
106.8
112.5
93.7
112.0
107.3
112.6
93.7
112.0
107.2
112.6
93.7
112.1
107.2
112.8
93.8 /I
112.3
107. 5
113.0
95.0
74.9
112.7
107.4
113.2
95.0
74.5
112.9
107.4
113.4
95.5
75.6
113.1
107.9
113.6
95.5
74.9
113.9
108.0
113.8
94.9
74.9
114.1
108.1
114.0
94.9
74.9
114.3
108.1
114.1
95.4
75.0
' 114.7
' 108. 8
113.8
95.0
74.3
114.8
108.9
113.9
95.0
74.3
Hides, skins, and leather products
Footwear
_
Hides and skins
Leather
Lumber and wood products - _
Lumber
96.5
110.6
64.4
89.3
120.5
120.6
96.5
110.6
64.4
89.3
120.4
120.6
96.6
110.6
65.0
89.9
120.2
120.2
97.6
111.0
69.2
90.1
119.7
120.0
99.0
112.0
70.6
92.9
119.7
119.8
97.3
112.0
62.1
92.0
120.5
120.1
98.0
112.1
66.5
91.9
121.1
120.3
98.1
112.1
64.8
93.5
121.7
120.9
97.9
111.5
66.4
92.7
122.2
121.5
100.4
111.5
74.8
97.3
121.8
121.0
101.0
111.7
76.3
98.0
121.5
120.7
100.0
111.7
73.4
96.1
' 121. 1
' 120. 2
99.9
111.8
74.6
95.0
120. 5
119. 5
Commodities other than farm products and
foods
1947-49 = 100
Chemicals and allied products
. do _
Chemicals industrial
do
Drugs, Pharmaceuticals, cosmetics. -.do
Fats and oils, inedible
_ . ._ . do. _
Fertilizer materials
do
Paint and paint materials
do
do
do
do
do
do
do
Machinery and motive products
do
121. 4
121.5
121.3
121.4
121.4
121.5
121.6
121.8
122.4
123.6
122.0
122.9
' 123. 4
Agricultural machinery and equip _ _ do
121.5
121.5
121.5
121.6
121.7
121.8
121.8
122.2
122.3
122.3
122.4
' 122. 7
122.6
Construction machinery and equip_.do
125.3
125.8
126.2
125.8
126.3
126.2
131.0
126.3
127.1
128.6
129.1
129.4
' 130. 8
Electrical machinery and equipment-do
119.8
119.7
119.0
119.5
119.6
119.6
124.9
119.9
119.7
121.3
124.2
' 124. 8
122.6
Motor vehicles
do...
119.7
119.7
119.7
119.7
118.6
119.7
119.8
119.9
120.0
118.9
118.6
118.6
118.6
r
l
Revised.
Index on base previously used (19 35-39=100 is 192.3.
§September 1953 indexes: All farm products, 256; crops, 234; food grains: , 219; feed grains and hay, 200; ;obacco, 452; cotton, 279; fruit, 2 21; truck c rops, 159; oil-bearing crops, 251 livestock
and products, 276; meat animals, 299; dairy products ,274; poul try and eg£;s, 231.
^Revisions prior to A ugust 1952 are availar)le upon re luest.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
c^For actual wholesale prices of individual commodities, see respective commodities.
273279°
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1952
September
August
October
1953
November
December
January
February
March
April
May
June
July
August
COMMODITY PRICES—Continued
WHOLESALE PKICEScf—Continued
U. S. Department of Labor indexes: — Con.
Commodities other than farm prod., etc.— Con.
Metals and metal products
._ 1947-49=100
Heating equipment
do
Iron and steel
. do
Nonferrous metals
do
Nonmetallic minerals, structural _ .. do
Clay products
do
Concrete products
. ._ . .
- do
Gypsum products
- do Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel
Apparel
Cotton products
Silk products
Synthetic textiles
Wool products
_ -
do_.
do
do ._
do
do __
do
_. do __
do
- do
do
Tobacco mfrs and bottled beverages
Beverages, alcoholic
_
-Cigarettes
do
do_ __
do_
124.1
113. 7
127.2
124.4
113.8
121. 3
112.4
117.7
124.6
113.7
127.5
124.7
113.8
121.3
112. 7
117.7
124.1
113. 7
127.3
122.9
114.4
124.0
112.7
117. 7
123.9
113. 6
127.0
122.5
114.5
124. 0
112.7
117.7
124.0
113.6
127. 0
122.3
114. 6
124.0
112.7
117.7
124.0
113. 8
127.1
122.5
114.6
124. 0
112 8
117.7
124.6
113.9
127.5
124. 4
114.6
124.0
112 8
117.7
125.5
113. 9
127. 7
131.5
115. 1
124.3
112.8
118.3
125.0
113.8
127.7
128.2
116.9
124. 6
114.2
122.1
125.7
114.4
128.9
126.6
117.2
124.7
115. 5
122.1
126. 9
114.6
130. 9
127.6
118.1
125.1
115.5
122.1
115.6
124.0
127.8
126.3
99.1
99.1
97.6
139.3
90.5
113.3
115. 6
124.0
126. 3
126. 3
99.5
99.3
98.9
139. 3
89.9
112.4
115.5
124.9
126. 0
126. 3
99 2
98.4
99.2
140.0
89.5
113.2
115.5
124.9
126.4
126. 3
98.6
98.3
98.4
139. 3
89.0
112.6
115.9
124.9
127.7
126. 3
98.2
98.3
97 7
139. 7
87.8
112.6
115. 8
124.9
127. 3
126. 3
98.8
100.0
97.0
141. 4
88.1
113.0
115.3
124.9
126. 2
126. 3
98.5
99.9
96. 1
141. 4
88.3
111. 5
115. 1
124. 9
125. 7
126.3
97.5
99.6
93.1
141.4
87.9
111.9
115.3
124. 9
124. 8
126. 3
97.4
99.9
92.9
131.6
88.0
111.3
115.4
124.9
125. 4
126.3
97.6
99.9
93.3
133. 0
87.4
112.0
112.0
110.5
112.0
112.1
110.5
112.0
112.1
110.5
112.0
112.1
110.5
112.0
112.1
110. 5
112.0
111.9
110. 1
112.0
111.9
110.1
112.0
114.8
110.0
124.0
114.8
110.0
124.0
89.1
87.5
85.8
89.4
87.6
86.7
90.0
87.6
87.0
90.3
87.5
87.0
91.2
87.6
87.9
91.0
87.8
88.4
91.2
88. 2
89.7
90.9
88.0
89.5
' 135. 7
126.4
119.4
131.1
115.6
122.1
129.3
129.3
115.4
136. 1
124.2
119.6
131.3
116.1
122.1
115.8
124. 7
125.0
126. 3
97.4
99.4
93.4
134. 7
87.5
111.6
115.8
125. 1
' 124. 6
' 126. 4
' 97. 5
'99.3
'94.1
134.7
87.5
111.7
116. 2
125.9
123.8
125. 1
97.5
99.3
94.0
134.7
86.7
111.8
114.8
110.0
124.0
114.9
110.0
124.0
115.6
110.0
124.0
115.6
110.0
124.0
91.4
88.0
89.7
91.1
87.7
89.2
91.3
87. 3
88.0
90.2
87.2
87.9
190.4
1 87.0
1 87. 6
' 115.1
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
Retail food prices
-. - 1947-49=100.do
-.
--- do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
' 3 118
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
' 2 030
1,047
r
Public, total
_
_
_
Residential
Nonresidential building
_
Military and naval
Highway
__
Conservation and development
Other types
r
New construction, total
mil. of dol
_ - . do
do
do
do
- do__ _
do
do
930
99
'97
' 434
' 190
r 421
' 183
r
r
98
T
r 76
r 88
101
162
'381
175
379
1, 088
r
56
' 392
r
134
r
342
3, 160
2 029
' 1,045
* 930
r
1, 131
r
54
'393
r
134
' 380
' 81
r 89
' 3, 094
' 2, 858
' 2, 550
2,361
2,278
2,521
2,735
2,941
3,199
' 3, 270
3,323
' 2. 007
' 1,051
' 1,934
' 1,024
' 915
' 1, 795
'942
'850
1,627
1,575
1,729
1,851
758
675
64
863
770
74
944
830
94
1,988
1,007
2,149
1, 110
2, 20E
1,107
880
105
980
107
' 2, 181
' 1,111
'975
935
'98
' 441
' 193
' 105
' 133
'375
' 1, 087
' 51
'379
' 128
'362
'81
'86
'91
r 74
816
735
63
'443
' 194
' 113
' 112
'347
'433
' 193
'112
' 97
'314
431
201
109
97
275
434
204
112
100
275
430
198
114
108
320
426
193
113
120
352
451
192
129
138
380
479
187
152
148
399
'924
' 755
' 49
'342
' 111
' 112
' 67
r 70
74
734
47
328
109
115
61
74
703
48
315
104
110
56
70
792
47
353
111
140
65
76
884
49
369
114
200
70
82
953
49
374
115
260
70
85
1,050
' 361
' 121
' 240
r 74
49
50
384
121
330
76
89
112
492
178
165
155
410
' 1, 089
46
'372
'121
375
'79
'96
97C
112
50$
m
17$
15?
427
1,11?
43
37C
121
40£
T
9f
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
52, 544
53, 304
40, 069
55, 435
35, 475
34, 561
50, 484
50, 542
34, 661
52, 909
47, 006
41,569
Total projects
.number...
Total valuation
thous. of dol 1 438 725 2,039 203 1 310,958 1, 248, 803 1 467 384 1,075,868 1, 021, 310 1, 347, 518 1, 741, 542 1, 606. 091 1, 115, 509 1, 793, 342
372, 004
610, 348
672, 838
553, 760
449, 779
350, 709
416, 577
410, 433
490, 650
477, 693
Public ownership
- do_. _ 501. 258 1, 269, 355
743, 505 1, 182, 994
930, 941 1, 068, 704 1, 052, 331
626, 089
670, 601
890, 525
989, 691
779, 848
758, 153
Private ownership
-- do
937, 467
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
-- -_
Valuation
Utilities:
Proiects
Valuation
5,728
6,209
3,529
4,760
31, 115
374, 321
35, 566
449 175
5,416
44. 455
680, 330
45, 640
582, 001
5, 020
35, 185
459, 230
57, 374
764, 393
5,26"
40, 29'
545, 85
460, 036
29, 960
46, 658
418, 568
44, 115
65, 393
605, 200
47, 761
70, 602
673, 887
44, 317
66, 655
637, 721
32, 745
49, 797
463, 084
44, 227
70, 206
653, 407
38, 55^
53, 24^
507, 56(
835
152, 793
778
135. 326
1,247
219 157
1,849
293, 569
2,094
288, 783
1,874
138, 257
2, 336
269, 600
2,33
304, 91
number
thous. of sq. ft
thous. of dol
5,196
4,289
38 912
29 257
519 940 1 272 367
5,161
38, 822
470 520
4, 382
39, 788
461 476
51, 596
713 100
3, 651
32, 343
406, 914
number
thous. of sq. f t _ _
thous. of doL_
44, 943
65, 863
627, 596
40, 440
56, 743
518, 471
43,312
65, 489
602, 313
35, 487
55, 872
528, 429
29, 808
48. 996
438, 580
--- - number
thous of dol
2,310
208 887
1, 838
176 652
1,665
152 455
1, 336
195 265
911
134 114
number
thous. of dol
460
439
404
364
353
315
294
362
409
405
430
532
82 302
71, 713
85, 670
63, 633
181, 590
56, 125
93, 095
73, 986
93, 756
97, 526
54, 938
105, 942
56,08
Value of contract awards (F. R. indexes):
Total, unadjusted
1947-49=100
Residential, unadjusted .
_- do
Total adjusted
do
Residential, adjusted
_
_
do
218
192
207
193
209
192
207
191
201
181
210
185
177
172
196
178
166
156
205
183
156
144
190
173
151
163
173
182
180
186
177
176
205
210
179
179
195
194
161
164
197
192
169
174
'189
'178
'172
T
175
20
18
1918'
906, 976 1, 886, 520 1, 023, 021 1, 200, 048 1,473,244 1, 083, 795 1, 318, 070 1, 262, 992
1,111,2K
Engineering construction:
Contract awards (ENR)§
_
thous. of dol_. 2, 210, 572
952, 218 1, 446, 381 1, 079, 879
3,589
46, 561, 414, 40*
532, 06^
882, 34^
30, 674
51,315
Highway concrete pavement contract awards:©
8 333
7, 006
9,537
5,258
2, 571
2 4, 675
4,874
3,509
6,081
5,537
Total
thous. of sq. yd
413
1, 652
1,512
1,675
390
1,691
1,226
495
1,070
446
Airports
__
do
2
5, 237
3,215
4,590
1,486
2, 775
2,622
1,051
1,481
2,652
1,193
Roads
do
2,682
2,259
2,140
3,273
1,533
2,795
988
2
1,
454
1,026
2,
359
Streets and alleys
do
1
' Revised.
Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.3; consumer prices, 52.0; retail food, 43.4.
awarded in prior months but not reported.
c^For actual wholesale prices of individual commodities, see respective commodities.
I Revisions for 1950-July 1953 will be shown later.
§ Data for October 1952 and January, April, and July 1953 are for 5 weeks; other months, 4 weeks.
©Data for October and December 1952 and April and July 1953 are for 5 weeks; other months, 4 weeks.
5, 698
278
8,658
973
40i
7,81(
1,05(
3, 79£
4,232
3,453
2, 95(
2 Data include some contracts
3, 315
2,105
SURVEY OF CURRENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-7
1953
1952
August
September
October
November
December
January
February
April
May
111 400
108, 300
65 421
56, 153
44
648
r
3, 360
8 145
9,268
60,196
57, 222
46, 074
3,524
7 624
2,974
rr 55, 199
52, 742
*• r42, 478
3, 296
6,968
2,457
March
June
July
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, total _
do _
Indexes of urban building authorized:
Number of new dwelling units
1947-49 = 100_ _
Valuation of building, total
do
New residential building .
do
New nonresidential building
do .
Additions, alterations, and repairs
do
99,100
r
r
100,800
101, 100
86, 100
r
50, 440
48, 777
39, 110
r
3, 298
6 369
1 , 663
54, 229
52, 528
42, 767
3,588
6 173
1,701
54, 409
52, 785
42, 655
3, 055
7 075
1,624
40, 780
rr 38, 305
30, 845
2, 521
4,939
2,475
110.2
135 8
142. 3
129 2
126,2
117.1
143.0
155.2
127.8
132.9
119. 9
147.8
161.2
132.9
131.9
120. 7
383
' 120. 6
71 500
r
r
72 100
r
r
T
r
104, 600
96,000
i 94, 000
r 54, 053
«• 51, 721
' 41, 351
' 2, 635
»• 7. 735
2,332
47, 133
46, 563
36, 975
2,896
6,692
570
45, 881
44, 836
35, 673
2,246
6, 917
1,045
120.7
164.4
164.4
172.5
145.9
118.0
160.0
160.3
159.8
159.5
103.3
159. 7
144.9
184.5
158.0
100.3
144.6
141.7
152.7
137.1
122.6
122.9
124.1
385
125.2
125.2
569
614
579
525
561
572
614
587
525
564
572
616
592
524
568
573
616
592
526
568
580
639
601
526
574
583
639
601
526
574
399
401
402
411
411
416
79 200
105 800
44, 857
40, 199
31, 401
2,817
5 981
4,658
r
r
38, 170
34, 029
26 309
r
2, 609
5 111
4, 141
38, 776
35, 103
26 858
2,511
5 734
3,673
88.9
114.3
117.9
114.6
100.0
83.1
108 9
106.6
119.6
92.8
85. 0
106 6
107.4
108 5
99.6
95.8
120 2
124.9
118.2
106.8
142.8
170 0
193.4
148 7
131.4
133. 7
183 4
181.4
200 9
151.2
«• 120. 5
' 120. 6
383
122.6
122.4
122.4
383
567
604
573
522
558
568
611
574
522
560
399
398
567
611
574
523
559
CONSTRUCTION COST INDEXES
Department of Commerce composite! 1947-49=100-.
Aberthaw (industrial building)
1914=100
American Appraisal Co., The:
Average, 30 cities
.1913 = 100-..
Atlanta
do
New York.. __ _ .
do
San Francisco
do
St. Louis
..
__
_ . _.
do
Associated General Contractors (all types). .do
E. H. Boeckh and Associates: §
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete. _U. S. avg. 1926-29=100-Brick and steel
do __
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel . _
do
Brick and wood
do
Frame
do
Steel __
do
Residences:
Brick
do
Frame
_
do
Engineering News- Record :cT
Building
1947-49=100._
Construction
do
Bu. of Public Roads— Highway construction:
Composite, standard mile
1946=100
' 120. 4
r
558
602
555
513
549
561
604
556
514
551
562
604
557
521
551
564
604
572
521
551
393
394
397
398
245.3
244.5
253 8
246. 0
245.2
254.4
246.4
245.5
254.2
246. 4
245.3
253.4
246.3
245.1
253 3
246.6
245.6
254. 1
246.5
245.3
253 9
247.3
245 9
254 3
247.7
246.2
254 6
249.2
247.4
255 5
251.3
249.6
257.1
254. 2
252.2
259.0
254.9
253.0
258.7
248 6
247.5
249 8
257 0
231.2
249. 4
248.5
250.5
257 3
232 2
249.8
248.2
250.5
256 8
232.4
249.7
248.0
250. 0
255 8
232.3
249.8
248.5
249 9
255 5
232 3
251.0
248.9
250. 6
256 6
232 6
251.1
248.9
250.4
256 4
232 5
252 6
249.2
250 8
256 6
233 1
253.2
249.5
251.3
256 6
233 3
255.2
251.0
252.3
257 4
234 2
257.5
254.7
254.0
259 2
239.1
260. 5
257.4
255. 8
261.2
241.2
261.0
257.8
256. 0
260.0
241.6
254 2
251. 1
254.8
251.5
254.6
251.2
253.8
250.3
253.7
250.1
254 4
250.9
254 3
250.8
254 8
251.2
255.1
251.4
256 0
252.0
257.4
253.5
259.4
255.4
259.0
254.6
125.5
129 4
125.6
129. 9
126.0
129.9
125.7
129.7
125.7
129.6
125.8
129. 6
125.7
129.7
126.1
130 1
126.1
130.0
126.1
130.9
128.7
133.4
129. 2
135.1
129.0
134.7
137.5
398
138.6
r
133.2
139 4
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100-.
Adjusted
.
do
173.6
153 4
177.6
165.2
185.2
167.1
156.1
157.5
149.0
168.6
145.6
170 5
143.1
173.4
161.5
170 9
r
172. 2
* 173. 2
' 167. 3
158. 1
r
* 176. 0
164. 5
r
v 173. 7
v 163. 3
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount. ..thous. of dol._ 162, 167
184, 356
211, 042
183, 801
206, 739
211, 027
189, 690
193, 370
187, 078
185, 610
201, 159
203, 130
193,071
Vet Adm.: Face amount
_.
do
202, 746
217, 292
220, 008
243, 087
226, 936
247, 529
243, 300
151, 570
215, 950
241,928
247, 905
227 910
224 596
Federal Home Loan Banks, outstanding advances
752
to member institutions
_ mil. of dol
791
864
687
715
683
627
626
718
746
611
644
700
New mortgage loans of all savings and loan associations, estimated total
.thous. of dol.
658, 787
522, 681
617, 431
616, 352
541,295
523, 210
639, 133
497, 314
677, 941
690, 277
733, 216
757, 569
706, 631
By purpose of loan:
Home construction.
do
192, 667
163, 074
199, 720
207, 589
161, 405
147, 444
164, 177
205, 584
225, 896
231, 676
241, 284
236, 513
217, 925
248, 448
Home purchase _
do
285, 337
303, 107
243, 112
222, 232
222, 353
279, 192
288, 443
295, 337
327, 046
266, 289
355 316
339, 956
Refinancing
do
49 739
50 457
54 597
42, 379
62 308
60 425
58 627
50 850
49 Oil
52 694
51 969
59 961
58 476
Repairs and reconditioning
.
.do
24, 625
26, 097
25, 997
20, 148
19, 730
18, 408
20, 253
25, 121
26, 062
27, 643
27 043
27, 438
27, 307
All other purposes
do
53,968
61, 794
61, 973
60 219
79 831
63 044
67, 497
63 733
77, 115
76 994
77 618
80 221
69 343
New nonfarm mortgages recorded ($20,000 and
under), estimated total _ __
_ -thous. of dol 1 , 597, 783 1, 587, 523 1, 727, 343 1, 492, 390 1, 553, 457 1, 400, 615 1, 391, 203 1, 626, 602 1, 708, 623 1, 698, 634 1, 769, 259 1, 797, 760 1, 709, 392
11.8
14.0
Nonfarm foreclosures, adjusted index 1935-39=100
11.1
10.6
13.4
13.2
12.4
11.6
13.1
12.8
13.0
Fire losses
thous. of dol._
58,949
63, 958
74, 127
56, 462
65, 129
72, 706
67, 362
76, 659
83, 471
64,239
67, 644
74, 938
107, 713
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
Combined index
. . .
1935-39=100
Business papers
do
Magazines
do
Newspapers. . . .
do
Outdoor
.
__ . do
Radio
.
do
Television 9
1950-52= 100
456
548
369
310
383
254
154
456
547
387
318
344
264
155
475
529
420
340
378
268
157
473
570
408
330
371
256
159
488
539
394
323
373
265
162
465
556
390
338
382
238
160
466
564
411
332
369
235
154
500
571
421
361
398
249
178
498
564
426
350
391
249
181
507
570
429
357
399
241
191
512
565
438
356
387
246
198
541
560
420
362
412
278
238
504
578
382
352
394
265
197
141.9
165.4
157.6
127.3
134.4
171.6
124.8
111. 2
164.9
158.6
126.6
119.6
174.6
* Revised.
* Preliminary.
i Data for September 1953, 92,000.
{Revisions for dwelling units authorized for January-July 1952 will b
later. Minor revisions back to 1915 for the Department of Commerce construction cost index are shown in
the May 1953 Construction and Building Materials Statistical Supplement.
§ Copyrighted data; see last paragraph of headnote, p. S-l.
cf Data reported at the beginning of each month are shown here for the previous month.
9 Notice that the base for television differs from that of other media. Indexes available for earlier periods are as follows: 1950,37; 1951,110; 1952,153; January-July 1952 (seasonally adjusted)—
140; 143; 152; 152; 153; 154; 154.
Tide advertising index, unadjusted. ._ 194 7-49 = 100. _
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1053
1952
August
September
October
1953
December
November
February
January
March
April
May
June
July
August
DOMESTIC TRADE—Continued
j
ADVERTISING— Continued
Radio advertising:
Cost of facilities, total
thous. of dol _ .
Automotive, incl. accessories
- do
Drugs and toiletries
--. . _ _
do~_Electrical household equipment
do
Financial
- - . _ . -do ...
Foods, soft drinks, confectionery
do
Gasoline and oil
_ - - - do
Soap, cleansers etc
do
Smoking materials
do
All others
do
Magazine advertising:!
Cost total
Apparel and accessories
Automotive incl accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
Beer, wine, liquors
. . ._
367
2,971
434
1, 257
776
1, 559
15, 442
396
4,287
464
308
3, 683
376
1,704
1,292
2, 930
14, 478
640
3, 787
474
285
3,424
366
1,482
1,277
2, 744
14, 925
522
4,278
357
323
3, 789
446
1, 588
1, 322
2. 301
13, 878
598
4,212
388
215
3, 510
446
1,192
1,295
0
022
12, 660
397
3, 846
329
203
3,178
409
1,118
1, 291 !
1,890 !
"14,661
521
4, 403
349
234
3, 557
454
1, 324
1, 463
r
2, 357
'14,218
508
4,268
385
223
3, 606
402
1,331
1,415
T
2, 079
do
do
do
_ do
do
do
_. do
38, 442
3, 588
3,671
1,549
5, 456
5,472
1, 672
56,978 i
6, 469
4, 366
3, 127
6, 653
6, 883
2, 388
63, 494
5, 250
4, 775
3, 139
7, 556
9,047
2,924
63, 849
4,296
5, 102
2, 363
7, 657
8, 753
3, 250
48, 083
3, 802
2, 507
942
5 502
6, 957
4, 261
35, 018
1, 563
4, 033
1, 343
4,461
5, 173
1,480
50,682 :
3,271 i
4,744 !
2,099 !
6,068
8,758
2,314
65, 645
5,884
6, 199
3, 343
7,018
9, 653
2, 606
65, 525
4, 593
6, 135
3, 832
6, 425
8, 230
2, 625
67, 606
5, 536
6,400
4, 340
6, 572
7, 831
2. 630
do
do
do
do
do
do
1, 375
979
2,861
774
1,398
9,648
3, 688
2,747
3,774
1, 266
1, 437
14, 182
4, 590
4,015
3, 981
1, 509
1,480
15, 228
4,171
3, 290
4, 175
1,429
1,527
17, 838
3, 209
1,744
3,118
818
1, 669
13. 555
1,013
938
2. 639
830
1,112
10, 434
2,115
1, 555
3,025 i
1 272 !
1,388 '
14,074
4,675
2, 551
3, 618
1,699
1,444
16, 954
5, 614
4,178
4,079
1,711
1,260
16, 844
3, 960
4,798
4,898
4,299
3. 162
3, 667
4,251
4,991
186, 555
52, 741
133, 814
7,781
1,894
22, 061
102, 077
214, 509
54, 124
160, 385
7, 367
2,596
29, 711
120, 709
245, 004
56, 593
188, 410
10, 383
2, 518
39,411
136, 098
234. 873
52, 399
182, 474
10, 734
2.400
34, 359
134, 981
219, 798
45, 563
174,235
8,847
2, 550
24, 506
138, 332
182, 718
50, 052
132, 666
9,121
3,808
21, 433
98, 304
186, 115
49, 479
136, 636
8,720
2, 377
26, 537
99, 001
6,174
119, 935
6,711
127, 034
6, 764
125, 622
6,275
114, 728
7,299
131, 677
6, 672
121, 828
6, 423
120, 178
Household equipment and supplies
Household furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
Linage, total
-
thous. of lines._
Newspaper advertising:
Linage, total (52 cities)
Classified
Display, total
Automotive
Financial
General
Retail
-
i
12, 890
323
3, 254
337
331
3, 319
455
1, 623
1,042
2, 206
10, 974
256
3, 003
349
- -
do
do
do
do
do
do
do. -
* 14, 107 ' 13, 246
557
511
' 4. 288 ' 4, 129
433
377
236
238
3, 549
3,046
372
386
r
1, 238
1, 372
1 420
1, 370
r
r
2, 115
l,715
r
12, 226
607
'3,684
435
226
2, 985
412
1,335
r
992
'1, 550
11, 706
679
3,399
366
290
2, 689
396
1, 286
876
1.742
57, 876
3, 771
5, 894
3, 498
7, 150
8, 016
2, 452
37, 505
932
4, 265
1,832
5,744
6,179
1,809
42, 740
4, 300
4,977
1,881
5,429
6, 056
1,402
5, 561
3, 791
3,996
1,940
1, 700
17,308
4, 570
2,087
3, 891
1, 615
1, 677
13, 252
2,117
647
2,607
1,073
1,191
9, 109
1,592
1, 501
2,986
1,165
1,379
10,071
4, 699
4, 445
3,360
3, 205
4,136
231, 721
58, 456
173, 264
10, 877
3, 017
33, 812
1 25, 559
233, 487
58, 194
175, 292
12, 535
2,910
35, 090
124, 758
244, 446
62, 385
182, 061
13, 493
2, 549
36, 191
129, 828
215, 965
56, 330
159, 635
13, 550
2,691
31, 171
112.223
187, 997
53, 368
134, 629
11,581
3,074
24, 531
95, 442
198, 647
56, 553
142,095
11,417
2, 201
23, 034
105, 623
7,928
150,315
6, 946
128, 270
6, 385
117, 261
6,657
126, 017
6, 299
119,269
5, 856
117,247
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
4 t
blip 'and narts
do
Furniture and household eouipment
Other durable goods
do
do
PI t> '
d h'
Food and alcoholic beverages
do
do
S
do
id
ablp hni spfi rnishinffs
Tobacco
Other nondurable goods
oer\u,et>, i/oidi
__
TT
P
'n
<1
T
JLZ
t>po tL IH~TI~
U _-
Tj
,.
'
do
do
--
-
-
~"
do
do
J
do
217 2
224 4
227. 7
230.4
25 1
88
12 1
4.3
28 2
11 5
12 3
4. 4
30. 2
13 4
12.4
4.4
30.7
14 4
12.0
4.3
118 7
20 4
73. 0
5 8
21
5.2
12.1
121 1
21.5
73. 5
6. 1
2 1
5 2
12.7
121. 2
20. 9
74.2
6. 2
2 0
5.2
12.8
122 1
20.7
74.9
6.2
2 1
5.4
12.9
73 3
10 9
24 3
4. 2
4 3
6 0
23 6
75 1
11 3
24 8
4. 2
4 3
6 1
24 3
,
76 3
11. 3
25.3
4.3
4.4
6 2
24.8
_-
77 6
11.5
25 8
4.3
4 4 j
6 3
25.4
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), totaL.mil. of dol._
Durable-goods stores
do _ Automotive group
do_ ._
Motor-vehicle, other automotive dealers
mil. of doLTire, battery, accessory dealers
do ...
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
Jewelry stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers, -do
Hardware stores
- do. ._
Nondurable-goods stores
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
_
Eatiris: and drinkine places
r
do
do
do
do
do
do_ .
do
•
13, 448
4,410
2,103
13, 620
4, 670
2, 353
14, 819
5,116
2,681
14, 008
4,514
2,319
16, 910
5,214
2,378
13, 054
4, 450 i
2,546
12, 329
4, 357
2,501
13, 956
4,969
2,848
14, 167
5, 139
2,919
14,665
5, 400
3,093
1,929
174
754
468
286
104
905
689
216
2,179
174
756
445
311
100
924
700
224
2,509
172
834
495
339
123
961
728
233
2,166
153
823
481
342
126
812
593
219
2,175
203
1,039
571
469
338
878
588
290
2,411
136
676 i
374
302
96
684
518
166
2,377
124
656
355
301
89
660
492
167
2,705
143
676
391
285
95
788
588
200
2,764
155
676
397
280
101
868
649
219
2.929
163
752
455
297
104
897
662
234
2,862
171
796
453
343
108
965
733
232
'2,910
'158
'741
'411
'330
'87
'961
'725
'236
2,783
158
747
417
330
91
941
718
223
9,038
770
163
316
156
136
392
1,149
8,950
910
196
365
184
165
374
1,114
9,703
1,023
240
411
221
151
401
1,122
9,493
1,003
259
384
216
144
385
1,044
11, 696
1, 533
427
560
353
194
513
1,109
8,604
740
187
286
156
111
392
1,008
7,972
616
145
254
126
91
387
940
8,986
893
184
368
190
150
381
1,055
9,027
866
184
362
173
149
383
1,024
9,264
888
188
375
170
155
397
1,085
9,097
873
198
342
172
161
396
1,093
' 9, 007
'708
'149
'277
'151
'131
'392
r
1,181
9,059
709
138
281
161
129
391
1,180
Revised.
{Unpublished revisions for magazine advertising for January, April, May, June, July, and August 1952 will be shown later.
14, 578 i r 14, 385
5,480
' 5, 378
r
3, 068
3,033
14, 270
5,211
2,941
SURVEY OF CURRENT BUSINESS
October 1053
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-9
1952
August
September
October
1953
November
December
January
February
March
April
May
June
July
August
DOMESTIC TRADE— Continued
RETAIL TRADE— Continued
All retail stores — Continued
Estimated sales (unadjusted)— Continued
Nondurable-goods stores — Continued
Food group
-_
mil. of dol
Grocery stores
__ _ . _. d o _ _
Gasoline service stations
do
General-merchandise group - _
.. do .
Department stores, excl. mail-order. _ _ do
Mail-order (catalog sales)
do
Variety stores
do
Other general-merchandise stores
do
Liquor stores
do
3, 453
2,820
915
1,450
783
104
236
328
260
3,242
2,641
866
1,523
857
117
225
324
250
3, 440
2,787
902
1,773
979
137
258
398
283
3,427
2, 763
852
1, 769
978
139
257
395
289
3,555
2,843
872
2, 790
1,521
187
521
561
411
3, 395
2, 756
779
1,239
673
88
186
293
229
3,095
2,526
752
1,171
624
94
193
260
230
3,301
2, 667
810
1,466
810
115
232
309
242
3, 395
2,742
826
1,479
829
98
245
306
249
3, 485
2,858
888
1. 536
879
98
235
324
261
3,377
2,781
916
1, 542
855
104
241
343
247
13, 359
4,199
1,918
13, 570
4, 505
2,292
14, 202
4,844
2, 644
14, 026
4, 769
2, 548
14, 410
4,871
2,617
14, 140
5,000
2,738
14, 514
5,304
2,951
14, 437
5, 211
2,802
14, 280
5. 124
2, 856
14, 424
5, 154
2,871
14, 412
5, 103
2, 816
r 14, 469
1, 754
164
747
449
298
2,124
168
727
416
311
2,490
154
754
449
305
2,388
160
790
468
322
2, 453
164
776
451
325
2, 572
167
773
443
330
2, 775
176
811
451
360
2.628
174
768
442
326
2 695
161
744
424
320
2, 712
159
778
448
330
2, 663
153
786
441
344
r 2. 694
'142
'768
'426
'342
2, 576
148
744
402
342
122
859
642
217
122
831
614
217
130
832
618
214
121
841
622
219
123
847
631
216
127
846
629
218
134
876
648
229
138
915
681
234
130
861
652
209
114
852
634
218
113
848
633
215
'111
'872
'637
'235
106
878
655
224
Nondurable-goods stores
do
Apparel group
do
Men's and bovs' wear stores
do
Women's apparel, accessory stores
do
Family and other apparel stores
do
Shoe stores .
_ . . . . . ... do
Drug and proprietary stores
do
Eating and drinking places
do
9, 160
894
206
360
188
140
395
1,067
9, 065
870
212
345
170
143
384
1, 048
9, 358
930
226
361
194
149
399
1, 063
9, 257
897
216
358
177
146
398
1,051
9,539
987
232
389
206
160
411
1,091
9,140
891
210
342
193
146
414
1,087
9,211
883
210
346
188
138
412
1, 075
9,225
916
209
355
204
148
397
1,101
9, 156
865
199
348
185
132
405
1,082
9,270
915
204
375
189
147
404
1, 086
9,309
919
195
382
193
149
402
1,086
' 9, 367
'900
'196
' 357
' 196
'152
'393
' 1, 115
9, 251
826
175
326
193
132
391
1,093
Food group
do
Grocery stores
do
Gasoline service stations
do
General-merchandise group
do
Department stores, exc]. mnil-order__do
Mail-order (catalog sales)
do
Variety stores
do
Other general-merchandise stores
do
Liquor stores
_
do
3, 346
2.713
'842
1,615
896
115
262
342
264
3,398
2, 768
847
1, 517
838
107
247
325
268
3,419
2,770
854
1, 638
903
115
260
360
279
3. 362
2, 735
875
1, 586
884
111
239
352
256
3. 372
2, 730
893
1, 690
918
123
262
387
275
3, 353
2,714
850
1, 543
852
109
237
345
254
3, 393
2, 743
869
1, 560
855
116
250
339
264
3,376
2,741
845
1.582
870
118
254
340
263
3,407
2, 773
855
1, 526
835
107
254
329
271
3,367
2,759
854
1,628
902
118
265
343
268
3,394
2, 785
868
1, 634
898
116
264
357
275
3,434
' 2, 860
'874
' 1, 636
'874
'119
' 286
' 356
'283
3,429
2,840
898
1, 593
877
109
268
339
278
Estimated inventories:
Unadjusted, total _
__. __ do
Durable-goods stores
do
Nondurable-ffoods stores ..do
19, 279
8, 314
10, 965
20, 434
8,739
11,695
21, 564
9.125
12, 439
22 059
9, 366
12, 693
19, 544
8, 838
10, 706
19, 896
9,292
10, 604
20, 738
9,789
10, 949
21, 967
10, 473
11, 494
22, 403
11,014
11, 389
21, 946
10, 800
11,146
21, 295
10, 419
10, 876
'r 21, 421
10, 476
' 10, 945
21,794
10, 336
11, 458
Adjusted, total
..
do
Durable-goods stores
do
Automotive group
_ _ _.
__. do
Furniture and appliance group
do
Jewelry stores
__
_
do
Lumber, building, hardware group. __do
Other durable-goods stores
do
19, 745
8, 626
2, 564
1,701
480
2, 273
1,608
20, 281
8,956
2, 875
1, 693
486
2, 233
1, 669
20, 652
9,175
3,093
1, 643
500
2,229
1,710
20, 895
9, 384
3, 212
1, 643
499
2,281
1,749
20, 804
9, 352
3. 272
1, 639
490
2,208
1,743
20,814
9,539
3, 307
1, 659
496
2, 299
1,778
20, 973
9, 905
3, 457
1,662
491
2, 449
1,846
21, 096
10, 084
3, 500
1, 651
488
2,565
1,880
21,656
10, 396
3, 676
1, 706
492
2,584
1,938
21, 543
10, 252
3, 592
1,703
482
2, 564
1,911
21, 572
10, 257
3,657
1, 669
503
2, 516
1,912
' 22, 088
' 10, 560
' 3, 929
' 1, 714
'492
' 2, 493
1,932
22,161
10, 521
3,888
1, 750
496
2,426
1, 961
11,119
2,700
765
2,001
3, 276
2,377
11, 325
2,748
752
2,099
3,351
2, 375
11,477
2,817
799
2,091
3, 383
2,387
11,511
2,830
801
2,089
3,424
2,367
11,452
2,790
717
2,183
3, 373
2,389
11, 275
2,703
760
2,119
3, 384
2, 309
11,068
2,559
745
2,047
3,471
2,246
11,012
2,506
710
2, 053
3,497
2,246
11, 260
2, 576
732
2, 060
3, 622
2,270
11, 291
2, 573
708
2,092
3,622
2,296
11,315
2,650
751
2, 040
3, 560
2,314
' 11, 528
' 2, 735
'777
' 2, 021
' 3, 636
' 2, 359
11,640
2,846
809
2, 059
3, 583
2.343
2,504
143
11
63
48
60
54
26
2,476
175
15
69
60
58
54
26
2,744
191
21
76
53
61
56
30
2,666
182
21
74
49
60
50
31
3, 457
293
35
119
80
87
55
32
2,285
132
15
51
38
60
50
20
2,145
119
13
47
36
57
47
22
2,485
188
19
74
56
60
54
28
2,546
180
17
70
60
60
56
24
2, 604
180
17
72
58
62
58
30
2,576
178
17
68
62
62
59
26
' 2, 460
'142
11
'59
'49
63
'61
'24
2, 512
139
10
58
47
61
60
30
719
326
735
346
856
396
835
366
1,335
539
556
248
543
233
684
302
718
338
747
376
750
362
'652
'306
707
326
113
183
999
76
57
100
180
930
78
49
131
201
1,015
81
53
135
203
1,020
64
49
205
414
1, 056
53
75
83
142
1, 039
51
43
78
144
939
47
41
103
172
999
54
49
104
183
1,013
62
54
102
177
1,050
63
56
108
184
1,015
68
60
92
172
1, 038
'67
57
107
182
1, 039
68
56
2, 562
174
18
73
56
62
53
25
2, 545
169
16
66
55
61
54
24
2,622
180
19
71
53
61
54
28
2,555
175
18
72
50
62
52
29
2, 638
195
20
80
56
62
52
22
2,506
167
16
68
49
63
51
27
2,570
168
18
66
52
62
52
27
2,591
171
18
64
55
61
53
31
2,579
171
17
69
51
63
56
26
2,586
177
18
70
57
64
57
30
2,618
174
17
69
56
64
59
26
' 2, 649
'184
'18
'73
'61
64
60
2,593
170
16
68
55
63
58
25
757
326
729
328
783
351
735
323
817
345
727
345
756
359
769
357
745
343
795
377
778
356
119
204
985
68
52
102
199
1,009
62
50
120
204
1,009
62
52
119
189
1,013
64
53
145
210
1,003
64
52
98
181
995
63
(JO
101
187
1,000
69
61
114
189
1,004
69
57
112
190
1,018
64
58
108
200
992
60
54
112
201
1,030
61
54
Estimated sales (adjusted), total
do
Durable-goods stores
_
do
Automotive group
do
Motor-vehicle, other automotive dealers
mil of dol
Tiro, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, homefurnishings stores od
Household-appliance, radio stores
do
Jewelry stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers _. . . do
Hardware stores
-_
do
Nondurable-goods stores
Apparel group
Drug and proprietary stores
Food group . .
._
General-merchandise group.
Other nondurable-goods stores
do
do
do
do
. do do
Firms with 11 or more stores:
Estimated sales (unadjusted), total
do
Apparel group
_ __
._ .. do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary stores . _ . . do
Eating and drinking places .
do
Furniture, homefurnishings stores
do
General-merchandise group
_ . . . _ do
Department stores
_
do
Dry-goods, other general-merchandise
stores
mil of dol
Variety stores _ _._
_
do
Grocery stores _ .
do
Lumber, building-materials dealers _. do
Tire, batterv, accessory stores
do
Estimated sales (adjusted) , total
Apparel group
_ __
Men's and boys' wear stores
Women's apparel, accessorv stores
Shoe stores
*
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
do
do
do
do
do
do
do
do
General-merchandise group _ _
do
Department stores
do
Dry-goods, other general-merchandise
stores
mil. of dol__
Variety stores
do
Grocery stores
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores
do
r
Revised.
' 3, 478
' 2, 897
"971
' 1,346
'708
' 87
'233
'318
'268
r 5, 102
' 2, 836
'785
' 359
r
'104
'211
1,056
'61
' 47
3, 441
2, 864
979
1,449
773
100
246
330
208
14,193
4, 943
2,725
738
329
110
198
1,060
61
50
SUKVEY OF CURBENT BUSINESS
S-10
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1053
1952
August
September
19 53
October
November
December
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49=100
Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent.. .
Instalment accounts
do
Sales by type of payment:
Cash sales
percent of total sales. _
Charge account sales
do
Instalment sales
do
108
180
118
190
128
201
138
211
183
231
147
226
126
224
123
222
122
220
124
220
123
219
114
214
113
218
46
17
47
18
50
18
48
17
48
17
47
17
44
15
49
17
46
15
46
15
47
15
46
15
45
15
48
41
11
46
43
11
46
43
11
47
42
11
49
42
9
47
42
11
47
42
11
46
43
11
47
43
10
47
43
10
47
43
10
47
42
11
47
42
11
1947-49 = 100..
do
do
_ _ _do_ _ _
do
do
do
_
do
do.
do
.- do
do
do
98
115
83
97
99
114
110
103
78
87
102
102
112
113
126
111
110
110
128
115
108
102
110
124
115
116
120
132
111
116
119
134
120
124
113
120
132
126
118
134
145
127
129
139
145
132
120
127
143
142
134
136
196
2°1
193
186
194
215
196
175
181
194
214
189
208
85
97
83
83
87
101
86
74
80
82
83
83
91
88
102
80
85
89
101
91
80
81
85
89
89
94
103
124
95
101
107
117
103
92
93
106
110
104
102
104
117
101
104
103
117
106
97
95
103
111
105
105
115
131
106
114
115
127
115
107
101
118
128
118
117
108
114
103
110
111
118
111
98
T
99
105
112
110
112
89
109
76
89
89
104
91
84
75
83
96
86
101
^98
P 114
p 79
v 97
p 104
P lie
"104
p 97
p 75
p92
Sales, adjusted, total U. 84
- .
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
S a n Francisco
_ _ _ _ _ _
_ _ __ d o
Stocks, total U. S., end of month :J
Unadjusted
_
_ _ _ _ do
Adjusted
do
Mail-order and store sales:
Total sales, 2 companies.-. ._ . _ thous. of doL
Montgomery Ward & Co
do
Sears, Roebuck & Co
.
do
Rural sales of general merchandise:
Total U S., unadjusted- 1935-39=100
East
do
South
. .-__._-__._
do .
Middle West
do
Far West
do
Total U. S., adjusted
do
East
_._ .
do
South
do - _ _
Middle West
do
Far West
do _.
WHOLESALE TRADE
Sales, estimated (unadi*.), total
mil. of dol
Durable-goods establishments
do
Nondurable-goods establishments
do _ _
Inventories estimated (unadj ), total
do
Durable-goods establishments
_. _ do __
Nondurable-goods establishments
do
112
131
104
108
113
r
125
118
108
103
110
120
112
116
108
123
104
104
106
120
108
98
98
105
117
108
114
115
129
111
112
115
128
114
108
107
112
126
115
118
111
128
105
107
113
128
115
104
100
109
116
113
117
115
129
107
114
117
128
118
110
103
111
123
115
117
111
126
105
107
113
127
114
103
100
108
113
108
116
112
124
106
110
115
125
115
105
100
112
117
113
116
115
128
105
114
116
126
114
108
103
112
124
118
119
110
118
106
110
105
124
112
99
102
113
117
111
116
117
134
106
114
115
131
115
107
104
119
129
118
124
115
128
103
112
118
134
118
106
102
110
119
122
121
113
127
106
110
114
124
111
105
r
104
117
120
107
117
P 111
r' 130
•p 99
114
118
124
120
134
121
137
122
107
120
111
123
119
123
127
122
132
125
132
127
123
128
121
130
r<126
351, 558
101, 150
250, 409
373, 724
102, 462
271, 262
418, 732
118,142
300, 590
391,569
108,525
283, 045
546, 465
155,594
390, 870
268, 261
62. 778
205, 483
258,518
62, 171
196. 347
327, 550
87,515
240, 036
345, 223
90, 564
254, 659
384, 048
95, 059
288, 989
380, 397
92, 804
287, 593
316, 298
78. 977
237, 320
339, 713
89, 164
250, 549
315. 6
280.7
330. 8
295 3
396. 2
342. 3
320. 1
368.4
318.9
404.3
344. 5
299.7
390. 4
316.8
415. 6
311.5
289.0
343. 1
294.4
363.3
378. 3
356. 9
445. 0
366. 8
410.8
316. 3
310. 3
348.2
312 2
365. 5
432. 6
441.5
478. 2
303. 7
500. 3
333.8
310. 5
347.0
299.6
399.0
554. 4
502. 9
585. 8
527 9
662. 3
371.8
330. 8
411.7
351.5
418.4
253. 7
238. 6
281.0
237. 2
286. 3
335. 1
314.8
351. 2
316. 3
389.0
322. 5
316. 3
349. 5
312.1
352. 3
347.9
326. 0
379.9
327. 8
404.9
293. 6
265. 8
313.3
274.9
340. 2
313.3
285 8
348.9
287. 6
371.8
308. 3
294.1
320. 3
292.9
339. 7
343.7
327. 5
386. 4
330. 6
379.1
316.8
281. 7
334.8
309.9
369.1
355. 2
313.0
385.3
338. 3
394.8
8,699
2,646
6, 053
9,735
4,814
4,921
9, 523
2,983
6. 540
9,925
4,824
5, 101
10, 389
3, 254
7. 135
10, 177
4,790
5,387
9,481
2,797
6, 684
10, 202
4,860
5, 342
9, 765
2,853
6,912
9, 965
4,878
5,087
8, 593
2,457
6,136
10, 111
5, 099
5,012
8,866
2,910
5, 956
10, 434
5, 547
4,887
8, 545
3, 009
5, 536
10, 376
5,569
4,807
8,232
2,823
5,409
10, 354
5,574
4,780
8,656
2,975
5,681
r
10, 323
5,444
r
4, 879
8, 913
2,902
'6,011
r
10, 261
'5,416
r
4, 845
Sales, unadjusted, total U. S.J
Atlanta
Boston
_ _ _ -_ _
Chicago _ _ __
Cleveland
Dallas
Kansas City
Minneapolis
New York
_
Philadelphia
Richmond
St Louis
San Francisco
277.7
254. 3 i
308.1
254. 7
301.9
331.8
306. 4
354. 1
318. 4
404.1
8, 195
2,619
5, 576
10, 255
5, 325
4,930
T
r
' 262. 6
228.4
269.1
250.9
349.5
353. 9
322.6
385.0
335.9
428.3
r
r 97
p 100
r 109
r 108
p 120
p 127
^112
pl02
P99
r> 116
p 114
p 110
p 113
p 131
312.7
278.3
330.8
291.8
391.4
339.2
317. 3
368. 4
315. 1
401.4
8,766
2,842
5,924
10, 280
5,396
4,884
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands_.
EMPLOYMENT
Employment status of civilian noninstitutional
population :cf
Estimated number 14 years of age and over,
total
thousands..
Male
do
Female
do
157, 234
157, 505
157, 768
158, 012
158, 233
158, 448
158, 657
158, 848
159, 068
159, 260
159, 473
159, 696
109,804
52,000
57, 804
109, 906
52,040
57, 866
110, 074
52,144
57, 930
110,198
52, 208
57, 990
110, 315
52, 265
58, 050
i 110, 648
52, 502
58,146
110. 936
52, 698
58, 238
111, 210
52, 886
58, 324
111,300
52, 932
58, 368
111, 398
52, 974
58, 424
111, 476
52, 996
58,480
111,542
53,006
58, 536
...do.
_.do_
do.
63, 958
44, 396
19, 562
63, 698
43, 468
20, 230
63,146
43,196
19, 950
63, 646
43, 218
20, 428
62, 921
43, 240
19, 681
62, 416
43, 334
19, 082
62, 712
43. 692
19. 020
63,134
43, 892
19, 212
62, 810
43, 898
18, 912
62, 964
43, 848
19,116
64, 734
44, 862
19, 872
64, 668
45, 260
19,408
Employed.
Male
Female
do_
do
do.
62. 354
43, 392
18, 962
62, 260
42, 604
19, 656
61, 862
42, 482
19, 380
62, 228
42, 404
19, 824
61, 509
42. 275
19, 234
60, 524
41, 974
18, 550
60, 924
42, 448
18, 476
61, 460
42, 784
18, 676
61, 228
42, 794
18,434
61, 658
42, 950
18,708
63,172
43, 838
19, 334
63,120
44, 236
18,884
Agricultural employment
Nonagricultural employment
Unemployed...
do
do
do.
6,964
55, 390
1,604
7, 548
54, 712
1,438
7,274
54, 588
1,284
6.774
55, 454
1, 418
5, 697
55, 812
1,412
i 5, 452
i 55. 072
i 1,892
5,366
55. 558
1,788
5,720
55, 740
1,674
6,070
55,158
1, 582
6,390
55, 268
1,306
7,926
55, 246
1, 562
7,628
55, 492
1,548
Civilian labor force, total
Male..
Female.
48,490 i 48,434
46, 742
46, 874
47, 394
i 48. 232 ! 48. 224
48, 076
45, 846
46, 552
46, 208
46, 928
Not in labor force________________________do
Revised.
P Preliminary.
i See note marked "c?" for this page.
JData for 1946-53 have been revised to reflect changes in seasonal factors and other minor changes. Unpublished revisions (prior to July 1952) will be shown later.
cf Beginning January 1953, estimates are based on the 1950 census; unre vised estimates for January consistent with the 1940 census and comparable with data through December 1952 are as follows
(thous.): Civilian noninstitutional population—total, 110,450; male, 52,345; labor force—total, 62,294; male, 43,213; employed—total, 60,406; male, 41,892; agricultural, 5,443; nonagricultural, 54,963;
unemployed, 1,888; not in labor force, 48,156 (data for employment and unemployment estimated by QBE). The overall increase in the level of the labor force (roughly 400,000 for the total;
150,000 for nonagricultural; 250,000 for agricultural) is not fully reflected in the January figures, but is spread over the 3-month period, January-March 1953. Appropriate allowances should
be made in comparing the estimates beginning 1953 with those for earlier periods.
r
SURVEY OF CURRENT BUSINESS
October 11)53
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-ll
1952
August
September
October
1953
November
December
January
February
March
June
May
April
July
August
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in nonagricultural establishments:
Total, unadjusted (U. S. Dept. of Labor)
thousands..
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries .
do
Mining, total
_ .
do
Metal
.
do
Anthracite
.
do
Bituminous coal
do
Crude-petroleum and natural-gtu- production
thousand j._
Nonmetallic mining and quarrying
do
Contract construction
do
Transportation and public utilities
do
Interstate railroads .
do
Local railways and bus lines
do
Telephone
_
do
Telegraph ... . . .
__
do
Gas and electric utilities
. do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
General-merchandise stores . . _
do
Food and liquor stores
do
Automotive and accessories dealers-. -do
Finance, insurance, and real estate
do
Service and miscellaneous
do
Hotels and lodging places . .
.
do
Laundries do
Cleaning and dyeing plants
_
do
Government
do
Total, adjusted (Federal Reserve)
Manufacturing
...
Mining
Contract construction
Transportation and public utilities ..
Wholesale and retail trade
Finance, insurance, and real estate.,
Service and miscellaneous
Government
_ . . . . .
do
do
do
do
do
do
do
do
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 andfixtures. . ..
do.
Stone, clay, and glass products
do
Glass and glassware, pressed or blown
thousands ..
Primary metal industries
do _
Blast furnaces, steel works, and rolling
mills .
_. _ . ..
.thousands
Primary smelting and refining of nonferrous metals
thousands- .
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands-.
Heating apparatus (except electrical) and
plumbers' supplies-.. ..
thousands_Machinery (except electrical)
do
Electrical machinery . .
do
Transportation equipment
._
do
Automobiles
. _ .. .
do
Aircraft and parts..
do
Ship and boat building and repairs---do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries - _
do
Nondurable-goods industries
do
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 _
_
thousands
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
thousands- .
Women's outerwear
.. ._ ._ do
Paper and allied products
do
Pulp, paper, and paperboard mills- .do
Printing, publishing, and allied industries
thousands. .
Newspapers- ... ....
.__ do _.
Commercial printing
_
do
Chemicals and allied products
do
Industrial organic chemicals
do
Revised.
Preliminary.
48, 158
16 280
9, 142
7, 138
893
103
63
340
48, 892
16 680
9,440
7,240
886
100
63
339
49, 095
16 778
9, 594
7,184
871
99
63
330
49, 310
16 874
9,750
7,124
871
101
62
331
50, 140
16 952
9 856
7, 096
870
102
62
331
48, 382
16 884
9 880
7,004
866
102
61
331
48, 369
17 013
9 989
7,024
856
101
60
325
48, 685
17 135
10 103
7 032
846
100
57
318
48, 860
17 077
10 117
6 960
835
100
51
310
281
106
2,812
4,258
1,394
134
688
48
554
280
106
2,794
4,281
1,411
133
682
48
548
274
106
2,728
4,296
1,423
132
682
49
543
272
105
2,648
4,286
1,413
132
684
49
539
273
102
2,497
4,293
1,406
132
687
49
541
275
98
2,303
4,210
1,368
126
685
49
541
272
98
2,280
4,210
1,356
132
689
48
541
271
99
2 301
4, 235
1 361
131
694
48
543
272
102
2,416
4,244
1 376
131
682
48
542
271
r
104
r 2 509
r 4 279
277
106
r 2 603
r 1 387
1 399
131
700
49
552
10, 110
2 722
7,388
1, 325
1, 345
782
2,000
5, 378
546
349
169
6, 427
10, 295
2 730
7,565
1, 424
1, 356
778
1,976
5, 364
494
344
174
6,616
10, 442
2 752
7,690
1,505
1,376
785
1, 973
5, 303
456
344
177
6, 704
10, 650
2 780
7,870
1,626
1, 382
801
1, 973
5, 266
446
342
175
6, 742
11,218
2 787
8,431
2, 013
1 407
815
1,978
5, 237
447
342
173
7,095
10, 283
2 747
7 536
1.407
1 371
808
1,969
5. 192
443
342
172
6 675
10. 214
2 743
7 471
1,335
1,381
810
1, 977
5, 194
451
340
172
6, 625
10 284
2 730
7 554
1,396
1 389
813
1, 993
5 225
456
340
175
6 666
10 314
2 713
7 601
1,397
1 398
820
2,014
5, 307
464
344
181
6 653
r 10 348
r 7 636
r i 406
r i 399
829
T
2, 025
r 5 357
r 470
349
184
6 669
728
684
403
407
840
2,049
5 398
M97
354
186
6 638
48, 039
16, 151
883
2,604
4,209
10, 261
1,980
5,299
6, 652
48, 406
16,412
880
2,611
4,259
10, 333
1,986
5, 285
6, 640
48, 664
16, 546
867
2,574
4, 303
10, 390
1, 993
5, 303
6, 688
48, 857
16, 755
870
2,571
4, 293
10, 366
1,993
5, 292
6,717
48, 957
16, 870
871
2,548
4,281
10 397
1,988
5 290
6, 712
49 014
16, 949
872
2 531
4,246
10 437
1,989
5 298
6 692
49, 113
17, 039
867
2, 562
4, 261
10 445
1,987
5 300
6,652
49 148
17, 168
854
2 529
4,272
10 390
1,993
5 305
6 637
49, 154
17, 229
838
2,517
4, 266
10 402
2,004
5 307
6,591
T 49 297
r 17 276
833
r 2 484
r 4 282
r 10 466
r 49 468
r 17 303
833
r 2 503
r 4 282
13, 069
7, 332
129
13, 477
7, 634
132
13, 560
7,774
132
13, 634
7, 916
134
13, 699
8,010
137
13, 619
8 020
139
13, 733
8 115
142
13, 831
8 211
147
13, 758
8 215
150
r
r 161
P 1 f\C\
759
450
307
451
751
448
316
455
728
440
322
459
730
433
329
461
704
420
330
458
676
406
329
451
677
404
332
453
688
408
333
459
701
416
329
462
713
r
422
322
'461
729
'430
317
465
'717
423
'456
"718
P 317
M57
83
1,068
87
1,109
87
1,116
88
1,126
87
1, 137
87
1, 139
88
1,142
90
1 145
91
1,144
'91
1 138
92
1 143
87
1 133
P i 130
530
556
557
557
561
562
563
564
562
T 562
r 567
569
43
42
41
41
41
41
42
42
42
43
44
43
821
862
888
903
922
931
942
952
952
952
958
'938
115
1,193
782
1,221
524
490
137
59
226
375
121
1,208
824
1,355
674
474
138
58
230
393
124
1,227
851
1,411
701
501
137
59
234
408
125
1,260
872
1,450
735
510
137
56
237
415
125
1, 301
893
1 484
750
524
140
58
240
404
122
1, 313
899
1 509
769
531
139
58
241
393
124
1,323
916
1 543
798
538
137
59
241
404
124
1,335
925
1 574
821
542
137
63
244
410
125
1,321
926
1 576
831
533
139
62
244
411
123
5,737
1,269
242
93
309
186
145
109
1, 105
498
228
5,843
1,309
247
87
348
186
137
117
1 127
501
232
5 786
1,223
244
83
253
187
134
117
1 135
503
236
5 718
1,142
254
80
172
187
132
109
1 146
506
239
5 689
1 093
256
78
143
184
129
108
1 146
508
236
5 599
1 045
249
76
132
179
124
101
1 132
502
230
5 618
1 033
241
78
129
180
122
94
1 134
502
232
5 620
1 025
238
80
123
180
125
87
1 134
499
235
5 543
l'o27
233
83
134
179
127
85
1 119
494
233
T 5 520
r 1 051
1 088
122
1 106
124
1 103
123
1 104
122
1 114
121
1 109
119
1 137
124
1 139
126
1 086
124
271
339
425
222
276
340
425
217
279
330
432
219
280
331
435
219
280
347
441
224
279
351
436
223
284
360
437
223
289
356
439
223
490
144
156
503
185
497
146
158
512
185
504
146
160
518
187
505
147
161
518
188
505
147
162
518
189
498
144
161
516
190
497
144
159
519
189
499
146
159
526
190
' 49, 058 r 49, 397 r 49, 198
r 17 040 r 17 145 r 17 037
r 9 982
r r10 096 T 10 112
' 7 033 r 7 055
6 944
r 826
837
831
r
101
100
100
r
54
48
56
299
290
300
' 4 315
' 131
697
49
544
r 10 412
2
7
1
1r
r 2 712
r 10 518
r 2 029
r 5 318
6 682
r 2 015
r 5 304
6 637
13, 699
r 8 179
156
r 1, 307
T 919
r
13, 775
r 8 183
r 157
124
' 1, 303
r 911
r 1 556
r 816
T 532
r i 537
r 796
135
61
135
63
245
T 417
244
413
r
233
87
146
T i8i
132
85
r
r 531
T 5 592
T i 088
237
93
r 161
r 184
r 131
281
r
107
rr 2 658
4 342
1 409
131
710
48
559
r 49 498
r 17 273
r 819
r2
r4
r 10
r2
T5
r6
508
295
535
043
338
687
r 315
120
' 1, 270
r 897
r 1 5Q'>
'242
' 404
P 2 057
p FJ 329
p Q 687
*945
p 1, 246
r, QHft
p j 483
*245
p 421
240
94
237
184
139
r 1 051
128
119
289
318
440
222
T 288
298
440
222
T 288
308
445
225
274
313
443
225
498
146
158
526
191
499
T 148
158
T 517
192
'501
148
159
'498
147
158
511
196
195
p JQ rj25
r 5 609
' 1 171 p 1 244
1 076
r 514
P 49 313
p 17 103
p 817
p 2 507
P 4 288
768
534
134
54
1 061
125
r
P 107
P 2 708
P 4 338
' 13, 644 p 13,817
r 8 035
p 8 029
r 1 102
494
232
P 290
r 10 365 P 10 369
r 2 739
p 2 749
p 7' ^20
rr 7 626
p i 346
1 354
r i 403
P 1 395,
848
v 856
' 2, 074 r> 2, 078
p 5 409
r 5 418
544
354
180
r 6 478
p 6 455
85
T i 122
r
497
239
r 1 H7
v 49, 400
v 17 217
P 9 98Q
P 7 237
P 826
P 100
' 85
P 108
p i 114
492
228
p 1 1f\K
.
p 500
P 515
SURVEY OF CUREEXT BUSINESS
S-12
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1953
1952
August
September
October
November
December
January
February
March
April
1
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
Products of petroleum and coal
thousands . .
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Manufacturing production-worker
employment
index, unadjusted (U. S. Dept. of Labor)
1947-49 = 100..
Manufacturing production-worker employment
index, adjusted (Federal Reserve) ...1947-49 = 100..
Miscellaneous employment data:
Federal and State highways, total §
number..
Construction (Federal and State)
do
Maintenance (State)
do
Federal civilian employees:
United States
thousands _ _
Washington, D. C., metropolitan area. .do
Railway employees (class I steam railways) :
Total
thousands
Indexes:
Unadjusted
..
1935-39 = 100..
Adjusted
do
191
146
203
89
355
233
190
145
208
90
353
229
189
144
213
90
352
225
188
144
217
91
355
226
187
144
219
92
359
232
186
144
219
92
359
236
186
144
219
91
364
238
105.7
109.0
109. 6
110.2
110.8
110.1
111.0
111.8
111.2
r
110.8
r
111.4
M10.3
Mil. 7
104.7
106. 8
107.8
109.2
110.0
110.6
111.2
112.0
112.4
' 112. 6
T
112.6
r
" 110. 9
344, 947
151,418
132, 378
334, 323
149, 271
126,444
315.261
138,599
121,337
284, 896
] 09, 889
119,630
250, 904
77, 795
117,558
239, 117
66. 668
116,321
233, 697
65,912
112,723
240, 604
71, 537
112,856
259, 370
91, 151
112.583
280. 496
110,780
114, 107
2,409
249
2. 390
247
2. 386
247
2, 383
246
2, 378
245
2, 370
245
2, 363
244
2, 344
241
2. 324
238
2, 302
235
1,256
1,272
1,285
1,274
1,260
1,229
1,219
1,223
1,239
1 251
1 263
274
1 269
119.7
117.2
121.3
118.4
122. 5
118. 5
121.4
120.3
119.8
121.7
117. 1
121.8
116.1
119.0
116.5
119.4
118.1
120.0
119.3
119.8
120.4
118 8
121.4
118 9
P 121 0
p 118 5
134. 2
143. 3
145. 7
146.3
1 50. 9
148.4
149.3
151.9
150.0
r 149. 9
' 150. 7
»• 149. 0
"151.3
40 5
41.0
41.0
41.2
41.9
42.7
41.4
42.2
42.3
41. 1
41.9
41.0
41.7
42.5
41.7
41.0
41.8
41.0
40.9
41.7
41.6
41.1
41.9
41.2
40.8
41.6
40.7
40 7
41. 5
41.4
40 7
41 4
41.0
40 4
r
40 9
Ml 1
P 40 5
p 41 1
Ml 6
42.0
41.6
41.4
41.2
40.2
40.4
41.5
41.3
42.1
41.4
39. 7
41.1
41.9
41.7
42.5
42.1
40.7
41.3
41.2
41.1
42.1
41.3
39.9
41.4
41.4
41.0
42.8
41.5
40.7
41.8
40.7
40.3
41.4
40.6
39.6
41.7
41.0
40.6
41.5
41.0
39.9
41.4
40.9
40.4
41.6
41.3
40.6
41.7
41.0
40.7
41.3
41.1
39.7
41.2
MO. 8
* 40. 5
MO. 9
41.2
39.8
Ml. 3
41.4
Ml. 4
Ml.O
41.1
39.9
41. 5
r
P 41 2
40.3
40.9
40.6
41.1
41.0
41.4
40.9
40.9
40.3
41.1
41.2
41.6
41.7
41.4
41.6
41.8
41.9
41.7
41.7
41.6
41.6
41 4
41 5
40.8
42.1
42.5
42.4
43.3
42.4
42.2
42.4
42.2
42.1
42.0
Ml. 4
40.7
42.0
40.7
40.3
38.4
42.3
40.3
40.3
41.4
40.7
41.7
42.7
41.6
42.2
41.8
43.6
40.4
39.8
42.2
41.6
42.2
42.7
41.7
42.6
43.1
43.0
39.4
40.0
42.4
42.1
41.2
42.6
41.6
41.9
41.9
43.1
37.8
40.0
42.5
42.0
42. 1
43.5
42. 1
42.7
42.4
43.9
40. 2
41.6
42.8
42.3
40.5
43.0
41.7
41.9
41.4
43.3
39.6
40.7
41.8
41.4
41.0
42.8
41.2
41.8
41.7
43.0
38.3
40.6
41.7
41.1
41.0
43.1
41.5
41.7
41.8
42.3
39.2
40.5
41.9
41.5
40.7
42.8
41.3
41.6
41.9
42.0
39.7
40.2
41.2
41.3
40.5
42.5
40.8
40.0
M2 1
40.7
Ml.O
41 2
Ml 2
39.5
MO
1
r
41. 5
MO. 9
186
144 1
221 l
92 l
363
238
188
144
221
92
355
232
188
143
190
145
r 220
r 220
T 214
92
350
r 343
r
M91
146
r
93
344
226
91
T 190
v 216
j> 34 f)
9
r 230
22
112.3
* 31 2, 091 P 317, 208
r 131, 103 P130, 553
120 212 v 124 974
2, 285
234
T
2, 2'oR
230
r I
P 2, 245
P227
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor).. 1947-49 = 100..
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
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 glassware, pressed or blown-do
Primary metal industries
- ..do
Blast furnaces, steel works, and rolling
mills
...
-hours .
Primary smelting and refining of n on ferrous
metals
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment) .hours..
Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
do
Electrical machinery
.
do_
Transportation equipment
do
\utomobiles
do
Aircraft and parts
do
Ship and boat building and repairs do.-,
Railroad equipment
do
Instruments and related products.doMiscellaneous mfg. industries
do. - .. .
Nondurable-goods industries
Food and kindred products . - _ _ - _
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
Tobacco manufactures _ . . _ . . - _
Textile-mill products
Broad-woven fabric mills
Knitting mills
..
do
do
do
do
do
do..
do
do-_
do
do.- do.-
39.9
41.4
40.5
44.0
40.0
41.9
41.8
39.2
39.7
39.3
39.0
40.3
42.3
41. 5
44.4
42.5
41.8
41.4
40.3
40.2
40.1
39.3
40.3
41.8
41.9
43.4
40.7
41.6
40.8
40.4
40.5
40.6
39.9
40. 1
41.7
43.4
43.5
36.2
41.5
41.2
38.5
40.4
40.5
39.8
40.5
42.1
44.4
43.6
37.7
41.3
40.9
39. 2
40.8
41.0
39. 1
Apparel and other finished textile products
37.2
37.2
37.2
37.1
37.3
hours..
Men's and boys' suits and coats .
do. _ .
35.8
36.2
36.7
36.1
36.8
Men's and boys' furnishings and work
clothing
hours
38.8
38.4
38 0
38 2
39 0
Women's outerwear
do
35.5
35.2
36.2
36.0
34. 7
Paper and allied products
do
43.5
43.8
43.1
43.8 1
44.0
Pulp, paper, and paperboard mills .-do..
44.4
43.6
44.0
44.2
44.5
Printing, publishing, and allied industries
39.3
39.0
39.5
hours,. !
39.0 !
38. 9
Newspapers .._
do
37.1
36. 1
36.5
36.4 i
36. 3
Commercial printing
do
40 2
40 3
40 5
40.8
40 4
41.3
41.5
41.7
Chemicals and allied products
.do
40. 9
41.7
Industrial organic chemicals
- do.
40.7
41.0
41.3
41.2
40. 6
Products of petroleum and coal
do
40 9
41.2
40.9
40 9
40.6
Petroleum refining
. .
do
40.5
40.2
40. 2
40. 7
40.5
41.1
Rubber products
_. ._ .. .. do_. '
41.5
40.6
41.1
41.9
Tires and inner tubes
do
40.2
40 7
i
40 5
40 7
41. 1
38.5
37. 6
Leather and leather products . _ _ _ _ do.. 1
39.6
38.2
39.6
Foot wear (except rubber)..
. do . .
39.7
38.1
37.2
36.3
39.3
T
Revised.
p Preliminary.
§Total includes State engineering, supervisory, and administrative employees not shown separately.
r
T
41.3
41.5
Ml. 7
39.7
39. 5
41.6
MO. 9
39.8
41.1
41. 7
43.8
38.2
40.9
40.3
38.5
40.1
40.4
38.0
39.8
40.7
40.0
43.9
38.0
41.2
40.4
36.9
40. 1
40.2
38.5
40.0
40.8
40.3
43.4
37.6
41.6
40.2
37. 8
40.0
40.0
38.7
39.5
40.4
39.9
43.2
36.6
41.2
40.6
37.2
39.3
39.7
37.3
36.7
36.4
37.3
37.7
37.7
38.9
37.0
37.6
r
37.3
35.9
43.1
44.0
37 9
36 4
43.0
43.9
38 4
36 3
43.3
44.0
37 8
36.0
43.0
44. 1
r 37 3
35 2
43.0
44.0
r
38.7
35.4
40 4
41.2
40.7
40.6
40.5
41. 1
40. 2
39.3
39.3
38.6 i
35.7 1
39 9 1
41.3 i
40.3
40 3
40. 1
41.3
40 8
39.4
39.4
39. 1
36.0
40 5
41.5
40.8
40 5
40 4
41.6
41 7
39.3
39.1
38.9
36.4
40 2
41.5
40.9
40 5
40.3
41.1
40. 7 i
37.8 !
37.2
'39.0
36.7
40 1
Ml. 5
Ml. 1
Ml. 1
r
40.6
r
40.3
MOM
37. 4
36.7
39.5
41. 1
MO 6
M4. 0
r
r 37 (}
Ml. 3
Ml 6
37.0
39.4
40.1
r
37. 2
r
39 6
41.5
r
41 0
40.8
40 0
r 40. 9
38.8
' 41. 2
40.0
41 7
MO. 1
40 6
40 4
41 5
39.4
39 2
r
40.7
' 40. 0
r
r
M4 7
r 37 g
41.7
M2
7
r
37. 0
39 6
40.0
37.3
36.4
37.2
36. 1
36.7
37 4
34 6
43.0
44. 1
36 8
34 7
M3. 1 i
44.2
38.8
36.6
40 0
41.3
41.0
MO 9
40.5
MO.
1
T
39. 7
38.3
37.9
38.7
36.0
40 1
41.1
41.0
Ml 5
41.2
MO. 3
40.5
'38.1
37.9
r 41 2
36. 5
37.7
p 41 2
41.2
39 6
f 41.6
40 7
44 6
39 9
41 6
43 2
r
37.
5
r
39 1
39.5
37.3
r
P 41 4
Ml. 5
Ml. 4
p 41 8
P 40 7
p 40 6
p 41 1
P40.0
p 39 7
v 41 6
p 38 8
P 39 0
*36. 6
M3. 3
*38.8
Ml. 1
Ml 4
*>39. 9
* 37 7
SUEVEY OF CUREENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-13
1952
September
August
1953
October
November
December
January
February
March
April
May
June
July
August
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
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)
hours . .
General-merchandise stores -.
do. _ _
Food and liquor stores
do
Automotive and accessories dealers-.. do
Service and miscellaneous:
Hotels, year-round
. ..
do...
Laundries
do
Cleaning and dyeing plants.
. do
43.9
29.2
36.2
44.9
34.1
38.9
44.3
32.1
32.3
43.5
35.8
35.5
43.5
34.5
36.4
43.0
28.3
35.4
42.9
34.7
32 7
43 1
26.6
33 1
43.2
25.3
32 1
' 43 8
»-31.0
r
'34 4
43 8
'37.4
r
36 4
43 1
33.5
34 2
40.5
45.8
39.3
42.4
38. 5
41.3
46.4
39.8
43.6
38.8
40.6
46.4
39.6
43.1
38.7
41.5
44.6
37.5
39.0
37.1
40.8
44.0
38.5
40.1
38.2
41.2
42.8
37.2
38.5
36.9
40.5
43.2
37.4
38.9
37.1
40.7
44.1
37.1
38.3
36 8
40.8
44.8
37.3
39.0
36.9
Ml. 2
M5. 2
»-37 9
40.0
'37 3
' 40. 2
M5. 6
38 5
41 6
r 37 8
41.3
45. 4
38 1
41.4
37 2
47.0
39.0
44 5
41.4
46.0
39.0
42.6
41.6
45.9
38.9
42.3
41.6
45.5
38.9
41 9
41.9
46.0
38.8
42.1
41.6
44.5
38.6
41.6
41.7
44 8
38.3
41 5
41.2
44 9
38.2
41 6
41 2
45 3
38.3
41 6
41.1
45
38
42
41
40.6
40.7
40.7
40.7
40.9
40.4
40.5
40 4
40 3
40 3
r 40 3
40 6
40.5
36.6
40 8
45.2
39.7
35.3
39.8
45.2
39.4
34.8
39.3
45.4
39.0
34.4
39 3
45.1
39.8
37.0
39.4
45.4
39.3
35.0
39 2
45.3
39.2
34.7
39 1
45.0
39.2
34.7
38 9
45.0
39.1
34.8
38 8
44.9
'39.0
34 7
r
38 7
M5.0
39.4
r 35 4
39 2
M4. 9
40.0
36 2
39 9
45.1
42.6
40 6
40.3
42.4
41.0
41.5
42.4
40.9
41.9
42.3
40 5
40.5
42.9
41 2
41.0
42 .4
41 0
40.2
42.3
40 5
39 4
42 1
40 6
40 2
42.5
40 8
40.5
M2 1
r 41 5
Ml 9
r 42 0
41 1
41 1
42 3
40 2
39 2
494
228
522
250
459
450
269
99
179
34
350
200
350
120
450
180
500
275
525
270
500
250
475
260
450
230
r
786
380
2 810
.33
700
378
3,390
.39
650
584
5,000
.53
475
215
1 560
20
350
82
854
.09
500
250
1 250
15
550
200
1 000
12
650
230
1 100
12
700
350
2 500
27
750
370
3 000
34
725
400
3 750
40
700
410
3 000
30
675
400
2 800
31
588
658
641
507
467
474
455
521
553
577
612
574
572
733
4,301
568
2,985
679
2,746
690
2,576
1,126
3,844
1,074
4,602
761
4,223
831
4,288
888
4,081
802
3 567
825
3 587
1 036
3 648
807
3 280
980
95, 389
631
62, 094
530
54, 227
536
47 730
672
69 068
953
94 360
956
86 827
930
92 308
840
82 990
772
72 144
734
72 033
675
69 175
679
64 579
6
217
249
2988
26
93
2 101
31
134
3 274
24
152
3 671
23
168
4 407
20
151
3 892
19
125
3 144
24
127
3 095
27
135
3 322
24
130
3 234
4.3
4 3
.4
9
2.7
3
4.1
4 4
4
10
2 7
3
5.1
4 2
4
M.I
M 3
4
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, State laws (Bureau
of Employment Security) :
Initial claims
thousands. _
Continued claims filed. _..
do...
Benefit payments:
Beneficiaries weekly average
do
Amount of payments
thous. of dol
Veterans' unemployment allowances: d*
Initial claims
thousands ..
Continued claims
filed
do
Amount of payments
thous of dol
(i)
Labor turnover in manufacturing establishments:
Accession rate. -.monthly rate per 100 employees. .
Separation rate, total
_ do
Discharge
- - do
Lay-off
do
Quit
.
--do
Military and miscellaneous
do
0)
0)
1
13
9
(i)
0)
7
7
4
2
45
38
42
41
44
39
42
41
8
9
0
6
9
0
0
9
5.9
4.6
.3
1.0
3.0
.3
5.6
4.9
.4
.7
3.5
.3
5.2
4.2
.4
.7
2.8
.3
4.0
3.5
.4
.7
2.1
.3
3.3
34
.3
10
1.7
3
4.4
3.8
.3
9
2.1
4
4.2
36
.4
2 2
4
4.4
4 i
4
8
2 5
3
67.23
72.16
74.21
69.63
75.42
79.85
70.38
76.38
78.26
70.28
76.26
75.03
72 14
77.78
76.73
71 34
76.91
75.85
71 17
77 15
77.38
71 93
77 52
77 46
71 40
77 38
76 52
71 63
77 19
78 25
67.20
66.56
60.03
65 92
67.23
66.91
62.31
67 48
66.62
66.72
63.33
69.47
65.92
65.76
63 15
68 97
65.00
64.37
64 63
69 31
63.09
62.47
62 51
68 21
63.96
63.34
62 67
69 29
64. 21
63.43
63 65
70 21
65.19
64.71
63 19
70 28
r 66. 10
f 65 61
r 62 58
70 86
62.31
77 97
63.12
81.79
64.71
81.77
64.64
82 80
65.53
84 02
64.15
84 65
66.23
83 21
67.80
84 23
67.89
83 22
' 68. 46
r 83 84
68.63
85 08
82.21
87.12
84.45
86.31
86.51
89.01
85.89
85.89
84.63
' 86. 72
' 88. 58
76.54
77.56
77.00
77.79
78.58
79.61
79.65
79 27
79 46
79 46
r 79 90
70.58
74.52
75.65
75.90
78.37
76.74
76.80
77.59
77.23
' 77. 04
77.28
' 76. 59
70.82
77.70
67.97
73.39
79.85
69.89
75.12
80.70
70.89
73 34
80.94
70.72
75.78
83.52
71.57
72 90
82.99
71.72
74 21
83 03
71.28
74 21
84 05
72 21
74 48
83 46
71 86
r 73 31
82 88
70 99
72 80
72 80
r 82 10
r 81 32
71 23
r 70 58
78.18
77.95
79.95
75.36
76.97
71. 21
60.64
84.82
88.20
84.15
77.16
76.02
73.43
62.82
86.48
92.23
83.42
75.65
76.80
74.20
63.99
85.48
89.25
84.48
72.95
76.80
74.38
64.26
87.11
90. 31
86 04
77.99
81.12
75.76
65.57
85.06
86.94
85 73
76.03
79.37
73 57
64.17
85 69
87 99
85 14
76.60
79.98
73 39
64.12
85 49
88 20
84 18
78.79
81 41
73 74
64.74
85 70
88 83
83 16
80. 19
81 61
72 10
64. 43
r 84 67
T 87 15
r 82 57
80 19
r 79 79
73 22
s
r 9
r 11
r 2 6
r 2 5
3
P4.2
v4 9
v 4
v
13
v2 9
p 3
71 63
77 42
71 51
r 76 89
r 78 50
P 71 69
P 77 27
•p 80 29
3
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 ._
Sawmills and planing mills
do ...
Furniture and
fixtures
do
Stone clav and glass products
do
Glass and glassware, pressed or blown
dollars _.
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars _ _
Primary smelting and refining of nonferrous
metals
.dollars
Fabricated metal prod, (except ordnance, machinery, and trans, equip.)
dollars..
Heatiiig apparatus (except electrical) and
plumbers' supplies
"
dollars
Machinerv (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
r
l
r
2
' 64 21
r 78 31
67.90
67 90
r 62 73
70 69
r
r 84 87
r 88 58
r
67. 24
66 91
r 60 80
r 70 76
66.74
r 86 11
p 67. 98
•p 63 76
P "TO 63
p OK OO
91.05
80 10
P 76. 59
P 8i 93
P 71 23
P 83 23
r 73 46
r 84
86
82
80
78
r 72
04
86
17
77
40
04
p 72 16
r 64 91
r 69 SO
T> t\9 SO
r 81 58
79 40
r 81 40
Revised.
» Preliminary.
Less than 500 claims.
See note marked "of."
d31 Figures beginning November 1952 include unemployment compensation benefits under the Veterans' Readjustment Assistance Act of 1952 (data compiled by the United States Deportment of Labor, Bureau of Employment Security) in addition to the allowances under the Servicemen's Readjustment Act of 1944 (data compiled by the Veterans Administration). The BES
data cover veterans with military service since June 1950 and include those filing for payments to supplement benefits under State programs but exclude veterans filing for payments to supplement benefits under the railroad unemployment insurance program; the number involved under the latter program is relatively small.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1952 and descriptive notes are shotvn in the
1953 Statistical Supplement to the Survey
October 1953
1952
August
September
1953
November
October
December
January
February
March
April
May
June
July
August
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 _ .
Wholesale and retail trade:
Wholesale trade
- - do
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores
- - do
Food and liquor stores
do
Automotive and accessories dealers do
Finance, insurance, and real estate:
Banks and trust companies
- _ do
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
- - do . _
Average hourly 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 clay, and glass products
do
Glass and glassware pressed or blown
dollars. _
Primary metal industries
_.do_ ._
Blast furnaces, steel works, and rolling mills
dollars..
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
dollars ..
Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
- - do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs- - _ d o _ _ _
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
* Revised.
* Preliminary.
_ -
do__
do
do
do
do
do
do
63. 59
65.68
77. 26
65. 84
51. 65
62. 78
71.98
46.26
55. 90
55. 35
50. 05
62. 88
65. 35
74.23
67. 45
52. 72
62. 58
70.93 j
46. 59
54.94
54. 54
49.02
62.88
64.71
70.00
67.61
53.20
63.04
71.51
45. 39
54.94
54.27
50.05
63.60
65.28
71.33
65.97
53.02
63.65
71.96
47. 63
54.80
53.60
50. 31
62.81
64.64
70.62
66.10
51.61
63. 45
73.49
47.62
53. 84
53.20
48.49
63. 20
' 66. 17
••71.86
' 67. 32
r 52. 26
' 64. 02
r 76. 54
r 46. 99
53. 98
53.73
' 48. 36
63.36
' 66. 82
' 73. 75
' 68. 39
' 51. 41
' 65. 05
' 79. 00
' 47. 36
53. 86
53.60
48.12
' 63. 76
' 66. 56
72. 85
69.13
54. 26
65.73
80. 35
' 48. 00
' 53. 18
52.93
47.74
* 63. 92
" 66. 56
48.36
53.70
48. 86
54. 83
48.81
54. 96
49.98
57. 30
49.76
59.13
47.73
56.78
' 47. 09
56.93
' 48. 41
59.52
48.37
57. 99
•» 49. 78
42.51 j
51.70 ,
71.83
76.47
42.29
51. 74
72.27
77.26
41.47
54.30
72.60
77.43
40.66
54. 93
71. 55
77.00
41. 31
55.69
71.81
77.26
41.86
54.45
72.31
77.44
41.58
51.84
71.81
77.62
r 41. 03
'41.89
50.86
72.24
78. 50
40.85
52.74
' 73. 27 ~p~73.~6T
79.56
83.71
89. 06
81.41
71.04
76.92 |
88.99
91. 94
75. 21
86.28
51. 21
48.77
83.07
88.82
81.61
71.38
77.08
87.94
90.85
75.53
85. 88
51. 19
47.99
83. 07
88. 57
81.20
72. 56
78.06
87.94
91.98
76.86
87.23
50. 76
47.19
84. 93
91.64
83. 64
72. 98
78.28
88. 10
92. 34
79.19
90.42
53. 46
51.09
83. 21
86. 38
82.42
72.51
77.33
88.10
91.94
78.09
89.24
53. 06
51. 48
83. 76
87.82
82.19
73.10
77.38
87. 45
91.03
79. 30
91.80
53.19
51.61
85.24
89.28
83. 84
73.87
79.15
87.89
91.71
80.29
93.83
53. 84
52.00
85.19
91.36
84.02
74.29
79.76
88.29
91.88
79.32
91.58
51.79
49.10
'85.80
r 92. 85
'91.30
51. 61
48.81
' 85. 36
92.60
84.00
75.17
80. 36
' 89. 16
'91.94
' 76. 99
'88.13
52. 47
50. 03
84.75
90.00
83.41
' 75. 62
81.18
' 92. 13
95. 58
' 78. 18
90.72
' 52. 20
50. 03
81.22
65.70
80.73
85.76
76.73
87.91
84.61
71. 58
75.58
85. 26
80.91
86. 27
84. 83
85. 56
91.73
84.71
70.75
87.79
84.08
86.75
81.42
84.48
65.70
81. 76
84.67
61.99
79.61
' 86. 29
' 77. 19
' 84. 97
'87.16
' 93. 13
' 92. 82
88.79
82.41
84.47
85.86
73.28
89.21
90.31
88.94
89.21
75.17
91.94
94.18
91.18
86.48
75.63
92. 66
94.39
92.11
90.47
73.14
88.13
85. 02
88.67
87.72
71.28
90.86
87.02
91. 68
89.40
70.19
88.16
83.93
88.93
88.29
70.85
89.01
85.19
89.78
88.73
72.77
88.67
84.26
89.79
88.13
74.37
89.15
85.02
90.04
r 88. 99
r 75. 94
r 90. 58
87.20
'91.01
' 86. 83
' 77. 06
'91.63
' 90. 27
' 92. 23
92.51
77.63
91.44
91.08
91.51
78.49
62 01
72.09
74 52
77.74
62.79
74. 55
76.13
77.57
63.80
74.87
76.96
77.81
64. 57
73.74
78.77
78. 66
63.63
74.10
78.21
76.01
63.69
73.63
78.40
76.61
63.58
73.46
77.46
76.78
63.03
73. 63
77.87
77.92
63.20
73.63
78.50
79. 06
64. 63
75. 90
' 79. 52
' 79. 69
64.96
75. 60
' 80. 70
78. 58
64. 35
74.76
81.29
68.21
68. 38
69.19
69. 19
69.53
69.08
69.66
69.89
70.12
70.93
'71.33
71.86
53.87
39.53
57.53
69.61
53.20
38. 12
56. 52
70. 51
53. 19
37. 93
56. 59
71.73
52. 65
37. 15
56. 99
71.26
52. 54
38.48
57.13
71.28
53. 45
38. 85
57. 62
71. 12
53.70
38. 17
57. 48
71.55
53.70
37.82
57. 57
72.90
53.96
37.93
57.81
74.09
r 54. 21
38.52
' 57. 66
' 74. 70
55.16
' 39. 65
' 58. 80
' 74. 98
56. 40
40.54
60.25
75.32
61.45
62. 51
69.26
63.80
52.80
62.01
72. 31
45.47
53. 60
52.66 1
49.53
62. 06
63.03
70.55
65. 71
54.40
62. 70
71.62
45. 54
54.67
54.14
50.30
62.06
63.54
71.65
64.23
54.13
62.40
46.06
55.08 i
54.81 i
51.07
62. 56
64.64
75.08
65. 25
48. 51
62.67
72.51
45.05
55.35
54.68
50.94
48.60
54.30
49.10
55.42
48.73 i
54.51
41.04
54.72 !
69.82
74.12
41.64
54.32
70.91
75.68
82.08
87. 00
80.20
70. 35
75. 52
87.53 i
90.45 i
73. 49
85.46
51.88
50.42
i
i
!
\l
70.18 ;
i
i
!
1
i
\
!
50.34
' 72. 24
r 77. 44
r 83. 81
' 75. 12
r 79. 73
' 89. 60
r 92. 57
r 78. 18
47. 72
v 53. 04
P
p 85. 36
P 75. 62
"91.91
p 77. 41
* 52. 03
52.48
52.41
53.07
53. 42
53.56
54. 29
54.61
54.40
54.47
' 54. 65
' 54. 16
54.92
37.06
38.16
44.33
36.89
38.95
46.07
37.31
38.86
46.51
37. 22
38. 88
44.96
37.75
39. 55
45.92
37.31
39.36
45.02
37.65
38.88
43.73
37.47
39.38
45.02
37.83
39.58
45.36
' 37. 89
' 40. 67
' 48. 19
' 38. 22
' 40. 28
46.85
38.49
39.40
44.69
1.66
1.76
1.81
1.69
1.80
1.87
1.70
1.81
1.85
1.71
1.82
1.83
1.73
1.83
1.84
1.74
1.84
1.85
1.74
1.85
1.86
1.75
1.85
1.88
1.75
1.86
1.88
1.76
1.86
1.89
1.76
1.87
'1.91
1.77
1.88
'1.91
*1.77
*1.88
pl.93
1.60
1.60
1.45
1.60
1.62
1.62
1.44
1.63
1.57
1.60
1.49
1.65
1.60
1.60
1.50
1.67
1.57
1.57
1.51
1.67
1.55
1.55
1.51
1.68
1.56
1.56
1.51
1.69
1.57
1.57
1.53
1.70
1.59
1.59
1.53
1.71
' 1. C2
1.53
1.72
1.64
1.64
' 1. 53
1.72
'1.64
1.64
1.52
'1.73
v 1.54
p 1. 75
1.55
1.93
1.59
1.99
1.59
1.98
1.62
2.00
1.61
2.01
1.62
2.03
1.66
2.01
1.67
2.02
1.71
2.02
'1.72
'2.03
1.72
2.05
1.72
'2.09
P2.07
2.04
2.13
2.08
2.10
2.11
2.15
2.10
2.10
2.10
'2.11
'2.15
2.21
1.84
1.86
1.86
1.87
1.88
1.90
1.91
1.91
1.91
1.91
'1.93
1.93
1.73
1.77
1.78
1.79
1.81
1.81
1.82
1.83
1.83
'1.83
1.84
1.85
Pl.85
1.74
1.85
1.67
1.76
1.87
1.68
1.78
1.89
1.70
1.78
1.90
1.70
1.80
1.92
1.70
1.80
1.93
1.72
1.81
1.94
1.73
1.81
1.95
1.74
1.83
1.95
1.74
'1.81
1.95
1.74
1.82
1.95
1.75
1.82
1.95
'1.76
v 1.96
v 1. 75
1.94
2.03
1.89
1.87
1.91
1.72
1.49
2.01
2.11
1.93
1.91
1.91
1.74
1.51
2.03
2.14
1.94
1.92
1.92
1.75
1.52
2.04
2.13
1.96
1.93
1.92
1.75
1.53
2.04
2.13
1.96
1.94
1.95
1.77
1.55
2.03
2.10
1.98
1.92
1.95
1.76
1.55
2.05
2.11
1.98
2.00
1.97
1.76
1.56
2.05
2.11
1.99
2.01
2.01
1.76
1.56
2.06
2.12
1.98
2.02
2.03
1.75
1.56
2.05
2.10
1.98
2.02
'2.02
1.76
1.57
2.07
'2.15
1.98
2.01
'2.03
1.77
1.57
'2.07
2.15
1.98
2.05
2.00
1.77
' 1.57
1.54
1.51
1.71
1.45
1.32
1.48
1.73 i
1.54
1.49
1.70
1.48
1.28
1.50
1.73 1
1.56
1.55
1.73
1.50
1.34
1.51
1.76
1.57
1.56
1.74
1.51
1.37
1.52
1.76
1.58
1.59
1.78
1.54
1.38
1.53
1.76
1.58
1.59
1.75
1.54
1.40
1.53
1.77
1.59
1.60
1.77
1.52
1.41
1.53
1.79
1.59
1.60
1.77
1.53
1.41
1.54
1.81
.60
' .61
' .77
.53
.39
1.55
'1.84
1.60
1.61
'1.79
1.53
'1.36
'1.56
' 1.85
1.61
1.60
1.79
1.55
1.36
1.58
1.86
1.54
1.52
1.71
1.48
1.33
1.50
1.72 i
' 1.62
p 1.65
P2.05
p 1.78
*> 1. 57
v 1.61
p 1.60
SURVEY OF CURRENT BUSINESS
October 1953
Unless otherwise stated, statistics throueh j
1952 and descriptive notes are shown in the (
1953 Statistical Supplement to the Survey 1 August
i
S-15
1953
September
October
November
December
January
February
March
April
May
June
July
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 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 _ _ _ _ _ _ _.. . d o
Transportation and public utilities:
Local railways and bus lines _
_ _ .do
Telephone
do
Telegraph
_
_ _
do _
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores.
do
Food and liquor stores.
._
- -do
Automotive and accessories dealers. -do
Service and miscellaneous:
Hotels, year-round
_ _ _ do
Laundries
do
Cleaning and dyeing plants - do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr
Skilled labor
.
do. __
Farm wage rates, without board or room (quarterly)
dol per hr
Railway wages (average, class I)
do_
Road-building wages common labor
do
1.16
1.35
1.34
1.27
1.13
1.36
1.35
1.28
1.14
1.36
1.35
1.28
1.17
1 37
1.35
1.28
1.18
1 37
1.35
1.28
1.21
1 37
1.35
1.29
1 23
1 37
1.35
1.30
1 26
1 37
1.34
1.30
1 28
1 37
1 34
1.30
T \ 27
1 37
1 34
«• 1 30
1.31
1.50
1.32
1.51
1.31
1.51
1.30
1.50
1. 31
1.49
1.33
1.51
1.34
1.52
1.32
1.52
1.29
1.51
1.08
1.52
1.62
1.70
1.09
1.53
1.63
1.72
1.09
1.49
1.64
1.73
1.09
1.47
1.65
1.74
1.08
1.50
1.65
1.74
1.09
1.53
1.66
1.75
1.09
1.53
1.67
1.76
1.09
1.50
1. 67
1.76
1 10
1.44
1 67
1.76
rl.76
2.11
2.41
1.99
1.72
1.86
2.13
2.44
2.01
1.72
1.89
2.13
2.44
2.02
1.72
1.88
2.13
2.44
2.02
1.74
1.89
2.15
2.47
2.05
1.75
1.90
2.15
2.44
2.04
1.76
1.90
2.17
2.46
2.06
1.77
1.92
2.18
2.48
2.07
1.78
1.94
2.19
2.51
2.09
1.79
1.95
2.20
2 53
2.09
1 81
' 1 94
2.14
2.25
1.81
2. 11
1.31
1.27
2.16
2.27
1.83
2.12
1.33
1.28
2.15
2.26
1.82
2.11
1.34
1.29
2.15
2.26
1.87
2.17
1.35
1.30
2.17
2.28
1.89
2.20
1.35
1.30
2.17
2.27
1.90
2.22
1.35
1.31
2.17
2.27
1.92
2.25
1.35
1.31
2.17
2.27
1.93
2.25
1.37
1.33
2.18
2.28
1.93
2.25
1.37
1.32
r
2.18
2 28
1.94
2 26
1.38
1.33
1 85
2.25
2.23
1 91
2.25
2.26
1 91
2.23
2.34
1 96
2.26
2.43
1 95
2.48
2.52
1 97
2.50
2.48
1 96
2.50
2.49
1 96
2.47
2.47
1 96
2.45
2.48
•• 1 97
2.49
2.47
2.12
1.60
2.27
2.13
2.31
2.16
1.62
2.31
2.16
2.35
2.13
1.63
2.34
2.19
2.38
2.18
1.64
2.35
2.18
2.39
2.15
1.62
2.36
2.17
2.40
2.17
1.64
2.37
2.18
2.41
2.18
1.64
2.38
2.19
2.42
2.18
1.65
2.39
2.20
2.44
2.16
1.66
2.39
2.18
2.44
2.16
1.68
2.39
2 18
2.44
2.16
r
1 69
'2.38
1.67
1.59
1.62
1 80
1.69
1.61
1.75
1.83
1.69
1.64
1.77
1.85
1.71
1.66
1.76
1.88
1.71
1.64
1.76
1.88
1.71
1.65
1.77
1.88
1.71
1.66
1.77
1 88
1.71
1.65
1.77
1.89
1.72
1.65
1.77
1.91
1.73
1 67
1.79
1 93
r
1.68
1.68
1.70
1.70
1.70
1.71
1 72
1.73
1.74
1.33
1.08
1.41
1.54
1.34
1.08
1.42
1.56
1.35
1.09
1.44
1.58
1.35
1.08
1.45
1.58
1.32
1.04
1. 45
1.57
1.36
1.11
1.47
1.57
1 37
1.10
1.47
1.59
1.37
1.09
1.48
1.62
1.38
1.09
1.49
1.65
.87
.94
.87
.95
.88
.95
.88
.96
.88
.96
.88
.96
.89
.96
.89
.97
.89
.97
r 1 28
1 36
1 34
1 29
r i 36
1 34
1 28
P i 23
p 1 36
1.29
1.51
r 1.33
1. 60
1.34
1.58
pl.36
1 10
1 43
1 68
1 12
1 47
1 68
1.78
1 11
1 52
T i 70
1.80
' 2. 20
2 53
2 10
1 82
1 96
2.19
2 50
2 08
r
r
r
r 1 28
r
r
r
2 18
2 27
1 92
2 22
1 37
1.32
r 1 99
r
2.49
2 55
r I 84
1 98
r
r
2 22
2 32
1 94
2 24
1 37
1 32
2 44
1 74
1 67
1 80
1 94
1 75
1 65
1 78
1 94
1 76
1 77
1 77
1 39
1. 11
1.49
1.66
1 40
1 12
r
1.50
'1.67
1 41
1 12
1 51
1.67
.90
98
r
r
T
P2.20
v 1 84
p 2 22
p 1 94
v 1 38
2 06
2 46
2 47
2.24
1 71
2 40
2 20
2 46
r 2 17
p 1 70
91
98
1.10
1.11
1.11
1.11
1.12
1.12
1.11
1.12
1.12
1. 15
91
98
1. 14
1 14
1.793
2.885
1.803
2.909
1.817
2.921
1.817
2.937
1.817
2.937
1.817
2.942
1.817
2.946
1.821
2.949
1.824
2.950
1 824
2.955
1 852
2.979
1 877
3 021
1.851
1.858
1.853
1.48
1.906
1.873
1.873
1 31
1.902
1.857
1.862
1 40
1.877
1 867
1 857
1 52
487
504
490
511
468
507
455
464
417
441
428
408
435
429
478
451
333
794
313
825
2,330
1,156
1,136
20
320
855
319
866
312
854
* 154, 098 «• 148, 128
56, 623
51, 799
33, 807
32, 683
134, 589
45. 516
29, 958
76
89
85
89
1 921
3 062
'
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. ofdoLFarm mortgage loans, total _ . _ do - .
Federal land banks
do.
Land Bank Commissioner
do
Loans to cooperatives._ -do...
Short-term credit
_
do
Bank debits, total (345 centers) f
New York City.
6 other centers 9
do
do_
do
454
550
454
565
352
896
2,260
1,088
1,062
26
369
803
122, 200
42, 778
25, 550
136, 067
49, 131
28, 611
478
575
492
539
414
775
433
725
2,221
1,102
1,078
23
421
697
408
696
386
720
2,253
1,128
1,106
22
365
760
150, 486
54, 893
32, 322
127, 665
44, 209
27, 064
165, 140
63, 091
35, 179
145, 988
52, 048
31, 660
129, 319
45, 749
28, 126
153, 511
53, 898
35, 339
145, 740
52, 038
32, 742
51, 852
25, 825
156
24, 697
21, 986
51, 852
21, 344
19, 950
—570
26, 250
46.2
51, 948
26, 478
1,735
23, 944
21, 790
51, 948
22, 515
20, 611
614
25, 638
45.3
51, 493
26, 194
1,309
23, 875
21, 480
51, 493
21, 770
20, 511
715
25, 681
45.3
50, 202
24, 927
485
23, 806
21, 367
50, 202
20, 421
19, 322
—285
25, 560
46.5
50, 558
25, 546
1,014
23, 880
21, 383
50, 558
21, 055
19, 740
351
25, 598
45.8
449
591
Federal Reserve banks, condition, end of month:
52, 492
51, 341
Assets, total
_
__
mil. of dol
50, 496
50, 479
26, 740
Reserve bank credit outstanding, total- -do
25, 216
24, 747
25, 855
1,895
Discounts and advances
_
do
1,318
1,591
477
23, 821
United States Government securities do- .
23, 146
23, 694
23, 575
22, 145
Gold certificate reserves
_
do
22, 147
22, 147
22, 140
51, 341
52, 492
Liabilities, total
__
do_
50, 496
50, 479
22, 583
Deposits, total
do
22, 273
22, 056
21, 455
Member-bank reserve balances _ do
21, 149
20, 411
20, 616
20, 066
795
Excess reserves (estimated). _do
835
319
620
Federal Reserve notes in circulation
do
25, 949
25, 426
25, 119
25, 215
46.4
45.6
46.9
Reserve ratio
percent__
47.5
r
Revised.
» Preliminary.
« Rate as of Oct ober l, 1953.
§ Rates as of September 1, 1953: Common labor, 51.921; skil ed labor, $ 3.075.
| Revised series. Bank debits have been revised
to include additional centers anc1 to represent
9 Includes Boston, Philadelphia, Chicago, Detrc it, San Fnincisco, amI Los Ange les.
debits t o demand deposits .
T
142, 167
50, 255
32, 283
50, 389
25, 589
732
24, 246
21, 356
50, 389
20, 976
20, 069
806
25, 671
45.8
50, 243
25, 414
64
24, 746
21, 286
50, 243
20, 396
19, 561
102
25, 831
46.0
Data prior to March 1952 will be shown late r.
50, 466
26, 176
644
24, 964
21, 085
50, 466
21,068
19, 607
590
25, 872
44.9
49, 994
25, 958
343
25, 063
20, 993
49, 994
20, 623
19, 278
"463
25, 983
45.0
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1053
1953
1952
August
Septem-
ber
October
Xovem-
ber
Decem-
ber
January
Febru-
March
ary
April
May
June
July
August
FINANCE—Continued
BANKING—Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month :f
Deposits:
Demand, adjusted
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of doL.
States and political subdivisions
do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations -. _
mil. 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 (net), total
do
Commercial, industrial, and agricultural, -do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol
Real-estate loans
do ._
Loans of banks
do
Other loans
do
Money and interest rates :cT
Bank rates on business loans:
In 19 cities
percent
New York City
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.
TJ S postal savings
do
52, 982
53, 024
54, 314
55, 125
55, 373
55, 546
53, 811
56, 802
54, 176
53, 708
52, 820
53, 395
53, 034
53, 941
3,609
3,186
16, 972
54, 526
3, 568
3,601
17, 095
55, 508
3, 614
3,487
17, 198
56, 171
3, 610
3, 836
17, 241
58, 264
3,798
3, 567
17,533
56, 112
3,894
2,362
17, 499
55, 342
3,790
3,309
17, 622
52, 785
3,828
3,934
17, 698
54, 608
4, ?41
1,426
17, 792
54, 185
4,041
1,356
17, 917
54. 263
3,975
2,469
18,068 !
54, 082
3, 736
5,292
18. 085
53, 662
3,829
4,656
18, 091
16, 012
770
12, 031
40, 043
16, 144
761
12, 328
39, 642
16, 266
743
12, 241
40, 315
16, 289
756
12, 564
40, 796
16, 569
763
13, 689
40, 382
16, 528
770
12, 051
39, 626
16, 641
783
11,863
38, 936
16, 726
111
11, 983
37, 180
16, 799
803
11, 382
36, 864
16, 901
829
11, 734
36, 542
17, 052
826
12, 359
36. 896
17, 074
822
11, 568
40. 225
17,081
823
12,055
39, 318
32, 368
2,625
3, 268
20, 435
6,040
7 675
36, 087
21, 200
1,471
32, 018
2,568
2, 666
20, 404
6,380
7,624
37, 081
21, 854
1,422
32, 819
3, 681
2,482
20, 343
6, 313
7, 496
37, 639
22, 457
1,444
33, 420
4, 545
2,488
20, 259
6, 128
7, 376
38. 452
23, 130
1,612
32, 967
4, 163
2, 467
20, 293
6,044
7, 415
39, 104
23, 390
2,002
32, 143
3,710
2,458
20, 000
5,975
7,483
38, 687
23, Oil
1,543
31, 478
3,156
2,271
20, 123
5,928
7,458
38, 775
22, 869
1,459
29, 547
1,701
2,115
19, 881
5, 850
7, 633
39, 647
23, 269
1,561
29, 249
1,583
2,038
19, 857
5,771
7,615
39, 437
23, 133
1,540
29, 144
2,043
1,850
19, 599
5, 652
7, 398
39, 439
22, 690
1,547
29,501 •
2, 514
2,090
19, 356
5, 541
7, 395
39, 649
22, 585
1,719
32, 705
2,855
4,985
19, 425
5. 440
7, 520
39, 381
22, 643
1.830
31, 798
2,290
4, 705
19, 436
5,367
7, 520
40, 687
22, 969
1,849
801
5,911
615
6,656
778
5,977
827
6,789
751
6, 032
621
6,904
734
6,081
433
7,039
807
6,095
151
7, 253
799
6,120
480
7,335
795
6,147
708
7,405
808
6,176
111
7,665
789
6,214
611
7,760
779
6,257
930
7,847
755
6,302
948
7,960
763
6,326
446
7,992
732
6,364
760
8,013
1.75
2.71
4.17
3 49
3 29
3 44
3.84
1.75
2.71
4.17
1.75
2.71
4.17
1.75
2.71
4.17
3.51
3.33
3 49
3.84
1.75
2.71
4.17
2.00
2.71
4.17
2.00
2.71
4.17
3.54
3.31
3 50
3.90
2.00
2.72
4.17
2.00
2.72
4.17
2.00
2 72
4.17
3.73
3.52
3.71
4.05
2.00
2.74
4.17
2.00
2.79
4.17
2.00
2.86
4.17
1.75
2.31
2.57
2 61
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.82
2.31
2.63
2.63
1.88
2.31
2.63
2.63
1.88
2.36
2.63
2.63
1.88
2.44
2.90
2.80
1.88
2.68
3.22
3.10
1.88
2.75
3.25
3.13
1.88
2.75
3.25
3.13
1.88
2.75
3.25
3.13
1.876
2.29
1.786
2.28
1. 783
2.26
1.862
2.25
2.126
2.30
2.042
12.39
2.018
2.42
2.082
2.46
2.177
2.61
2.200
2.86
2. 231
2.92
2.101
2.72
2.088
2.77
12, 786
2,586
12, 896
2,572
12, 943
2,562
13, 046
2,555
13, 257
2,548
13, 359
2,537
13, 421
2,524
13, 550
2,510
13, 626
2,496
13, 702
2, 477
13, 841
?2,459
13, 881
"2,438
13, 920
* 2, 419
23, 030
16, 728
7,272
4,539
1, 258
3, 659
23, 414
17, 047
7,388
4,669
1,300
3,690
24, 050
17, 572
, , v>39
4,871
1,347
3,715
24, 525
17, 927
7, 866
4, 943
1.376
3, 742
25, 705
18, 639
8,110
5, 301
1, 386
3, 842
25, 508
18, 785
8,273
5,256
1,378
3,878
25, 262
18, 860
8,470
5, 131
1,377
3,882
25, 676
19, 267
8,778
5,154
1,383
3,952
26, 172
19, 656
9,074
5,185
1,401
3,996
26, 715
20, 078
9,379
5,231
1,426
4,042
27, 051
20, 489
9,630
5,289
1,454
4,116 !
27, 217
20, 854
9.908
5, 308
1, 476
4, 162
27, 434
21,058
10, 067
5, 314
1,494
4,183
13, 950
6,807
4,294
759
2,090
14, 203
6, 967
4, 362
773
2,101
14, 614
7,189
4, 523
789
2,113
14, 955
7,352
4,670
798
2,135
15, 423
7, 576
4, 833
815
2,199
15. 665
7, 696
4,930
818
2,221
15, 876
7, 808
5, 031
828
2,209
16, 318
8.047
5,174
2,241
16, 714
8,253
5,312
880
2,269
17, 111
8, 433
5,480
902
2,296
17,496 ^
8,604 1
5, 633
935 I
2, 324 :
17, 871
8, 744
5.816
959
2. 352
18,069
8,801
5, 924
979
2, 365
r
CONSUMER CREDIT
Total short- and intermediate-term consumer credit,
end of month
mil. of dol _
Instalment credit total
do
Automobile paper
do
Other consumer-goods paper
do
Repair and modernization loans
do
Personal loans
do
By type of holder:
Financial institutions total
do
Commercial banks
-_ - .-do
Sales-finance companies _
_ _ do
Credit unions
do
Other
do
Retail outlets total
Department stores
Furniture stores
Automobile dealers
Other
Noninstalmerrt credit total
Single-payment loans
Charge accounts
Service credit
By type of holder:
Financial institutions
Commercial banks
Retail outlets
Service credit
-
_
do
do_ _ _
- - do
do
do
2,778
951
782
295
750
2,844
990 j
796
301
757
2,958
1, 042
821
313
782
2,972
1,019 1
839
324
790
3, 216
1, 101
900
336
879
3,120
1, 068
865
343
844
2,984
960
855
352
817
2,949
931
844
364
810
2,942
916
839
376
811
2, 967
923
842
390
812
2, 903
928
8-M
401
820
2. 983
810
2,989
922
845
426
796
do
do
do_ _ _
do
6,302
2, 026
2,579
1,697
6, 367
2,033
2, 642
1,692
6,478
2, 033
2, 776
1, 669
6, 598
2,109
2 826
1,663
7, 066
2,108
3, 313
1, 645
6, 723
2,129
2, 956
1, 638
6,402
2,079
2,662
1,661
6,409
2,142
2,602
1,665
6,516
2,147
2,677
1,692
6,637
2,162
2,760
1,715
6, 562
2,047
2,784
1,731
6, 363
1, 938
2, 705
1,720
6, 376
1,986
2,670
1,720
2, 026
1,792
2,579
1,697
2, 033
1, 793
2,642
1,692
2, 033
1,801
2, 776
1,669
2, 109
1,821
2,826
1, 663
2,108
1, 852
3,313
1,645
2,129
1,858
2,956
1,638
2,079
1,839
2,662
1,661
2,142
1,882
2,602
1,665
2,147
1,878
2,677
1,692
2,162
1,851
2,760
1,715
2,047
1,768
2,784
1,731
1,938
1,683
2,705
1,720
1,986
1,720
2,670
1,720
6. 300
5, 479
43
5,294
856
107
11, 870
10, 502
56
10, 719
993
102
4,044
2,849
54
3,021
880
90
5,140
4,380
51
3,998
922
169
10, 323
9,744
51
9,179
939
155
3,619
3,308
52
2,395
937
235
5,153
4,568
47
4,011
955
140
5,595
311
349
3,501
1,434
6,187
563
364
3,789
1,471
6,362
372
351
3,891
1,749
6,241
179
350
3,746
1,966
6,068
237
369
3,890
1, 572
6,042
206
351
3,519
1,966
_ - -- - do
do
-- -- - do
do
mil. of dol.
do
do
do_ do
do. _
Expenditures total
Interest on public debt
Veterans Administration
National defense and related activities
All other exnenditures- _ ._ _
do
do__
do
<lo_ _
do _ _ .
4,585
4,050
47
3,546
862
130
6,875
6, 585
52
5,834
877
112
3,355
3,099
65
2,227
923
139
4, 731
4, 151
44
3, 624
888
175
6, 350
6,003
51
5,024
939
336
j
5,232 i
5, 061 I
51 !
4,130
842
209
5,018
183
362
2, 971
1, 502
6,070
559
353
4,008
1,150
6,383
572
363
3,723
1,725
5,161
185
354
3,302
1, 319
7,124
1,146
386
4,081
1,511
5,737
235
354
3,632
1,516
* Revised.
» Preliminary.
i Beginning January 1, 1953, includes 2^2 percent bond of March 15, 1956-58, and 2;Ks percent bond of June 15, 1958.
tRevised beginning 1952 to expand the coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
c?For bond yields see p. S-19.
913 :
s ;~
4 i,-.
|
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts net
Customs
-- Income and employment taxes
Miscellaneous internal revenue
All other receipts
sr>6 j
7,988
1,882
349
4,056
1,701 1
SURVEY OF CURRENT BUSINESS
October !!)".:>>
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-17
1953
1952
August
September
October
November
December
January
February
March
April
May
June
July
267. 584
265, 489
226, 187
39 302
2,094
264, 485
262, 380
223 025
39 354
2 105
264,
262,
223
39
2
266,
264,
224
39
2
266, 071
263. 946
223, 408
40 538
2, 125
272, 669
270, 603
230, 009
40 594
2,066
August
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE—Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol_.
Interest bearing, total
do
Public issues
...
do
Special issues
.
do
Noninterest bearing. -_
._
_ do
Obligations guaranteed by IT. S. Government,
end of month
mil. of dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales, series E through K
do
Redemptions...
...
do
263, 186
261,060
222 753
38 307
2 125
264, 919
262, 820
221. 430
38 390
2, 099
267, 432
265,345
226, 557
38 788
2, 087
267, 391
265, 293
226, 143
39 150
2,098
267, 402
265. 323
226, 226
39 097
2,079
590
550
077
474
040
520
445
735
710
075
273, 206
271, 145
230, 157
40, 988
2,061
39
40
45
51
54
48
50
51
52
52
52
63
63
57, 868
356
399
57, 871
330
416
57, 903
347
398
57, 958
303
346
58, 046
375
422
58, 237
504
435
58. 368
414
368
58, 468
440
430
58, 509
382
426
58,014
371
570
57, 977
370
523
57, 962
402
541
57, 940
371
480
Government corporations and credit agencies:
Assets, except interagencv, 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 interagencv, total . _ do
Bonds, notes, and debentures:
Guaranteed by the United States do
Other
do
Other liabilities
.....
_
.
do
Privately owned interest
U. S. Government interest. .. ..
262, 682
260, 577
222, 216
38 360
2,105
do
.do
28, 922
16. 890
4 563
2, 437
84
480
(i)
716
7 g9f>
933
1 377
2 371
3, 436
3, 212
1, 636
29, 945
17. 826
5 070
2, 603
82
516
(^
864
7 73 1]
1,095
1 280
2 421
3,429
3,213
1, 775
30, 564
18 089
5 071
2 777
79
526
(i)
611
7 713
872
1 259
2 645
3, 427
3 240
1,904
2,774
3,111
3. 224
39
1, 301
1,431
53
1, 330
1, 728
48
1 107
2, 069
367
25, 780
378
28, 456
401
26, 938
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total
mil. of dol
Securities and mortgages
.
do
49 companies (Life Insurance Association of America), total
mil of dol
Bonds and stocks, book value, total
do
Govt. (domestic and foreign), total
do
U. S. Government
do
Public utility
do
Railroad
do
Other
._.
_
do
Cash ....
Mortgage loans, total
Farm
.. ...
..
Other
Policy loans and premium not*As
Real-estate holdings
Other admitted assets _. ... ._
do
do
. do
do
. do
do
... do
Life Insurance Agency Management Association:
Insurance written (new paid -for insurance):
Value, estimated totalj
mil. of dol_ .
Group and wholesale t
do
Industrial
. .
do. _
Ordinary, total
New England
Middle \tlantic
East North Central
West North Central
South Atlantic- _ .
East South Central
West South rYntral
Mountain
Pacific
do
do
do
do
do
do __
do
do
do
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
thous. of dol
Death benefits
do
Matured endowments
do ._
Disability payments
-do.
Annuity payments .
-do
Surrender values
do
Policy dividends
_ .. do ...
Life Insurance Association of America:
Premium income (39 cos ), total
.
do
\ccidentandhealth
_
do.- .
Annuities
do
Group
-_..
_
_
. _ . - do
Industrial
do
Ordinary
--do
r
71, 123
63, 855
71, 578
64, 205
72, 034
64, 665
72, 415
65, 010
73, 034
65, 345
73, 621
65, 948
73, 943
66, 269
74, 295
66, 598
74 686
67, 035
75 063
67, 330
75, 403
67, 698
75, 855
68, 105
76 244
68, 337
p
62, 827
»• 39, 425
>• r11, 174
9, 059
r
11, 292
r
3, 289
T
13, 670
62, 808
39, 310
11, 127
9. 044
11, 212
3, 281
13, 690
63, 159
39, 565
10, 924
8,887
11, 346
3, 301
13, 994
63, 479
39, 757
10, 967
8, 935
11,362
3, 314
14, 115
64, 092
39,915
10, 867
8,837
11, 409
3, 336
14, 304
64, 797
40, 473
10, 984
8, 926
11, 552
3,397
14, 541
65, 084
40, 630
10, 983
8,908
11, 610
3,402
14, 634
65 362
40, 778
10, 791
8,711
11, 659
3 403
14, 925
65 686
41,011
10, 816
8 734
11, 708
3 412
15, 075
65 997
41, 123
10, 692
8 726
11, 760
3 412
15 259
66 262
41, 277
10, 602
8 676
11, 827
3 412
15, 436
66, 621
41, 451
10, 564
8, 634
11,897
3,418
15, 572
66 944
41, 531
10, 565
8 634
11,952
3 423
15 591
'763
17, 142
1,463
r
15,679
r
2, 283
'r I, 522
1,693
820
17, 188
1,471
15, 717
2,270
1,526
1,694
803
17,311
1,481
15. 830
2, 276
1, 540
1,664
767
17, 411
1,490
15, 921
2,280
1, 550
1, 714
872
17, 583
1,503
16, 080
2,284
1, 655
1,784
827
17, 774
1, 512
16, 262
2,310
1,658
1,756
775
17, 894
1,524
16, 370
2,318
1,663
1,804
750
18, 038
1,541
16 496
2,329
1 669
1,797
711
18 182
1, 564
16 618
2,341
1 687
1, 755
759
18 306
1,584
16 722
2 351
1 694
1 763
707
18 444
1, 599
16 845
2,365
1 702
1,767
726
18, 619
1,615
17 004
2,374
1 707
1,743
789
18 716
1 628
17 087
2 387
1 726
1 795
2, 387
349
473
2,589
492
503
2,738
387
535
2,594
417
508
3,460
1,061
451
2,383
267
450
2,663
427
534
3,398
657
583
3. 295
677
543
3,126
518
608
3,227
600
543
2, 962
477
499
2, 853
504
526
1 565
99
1. 594
104
1,669
113
398
356
136
199
71
150
61
184
1, 948
124
426
429
172
230
84
174
78
230
1, 666
124
424
358
137
177
63
151
50
182
1, 702
117
412
371
140'
193
67
156
56
191
2 158
141
519
460
174
245
91
200
78
250
2 075
137
487
444
171
241
91
191
75
237
2 000
131
483
427
165
237
82
178
73
226
2 084
138
484
449
172
247
85
195
72
242
1,986
126
4(50
436
172
233
83
176
68
232
1 823
116
395
398
155
222
78
170
68
2°1
r
334
336
141
190
64
154
61
187
347
340
140
199
67
156
59
182
1,816
122
411
384
160
219
77
162
68
212
318, 461
145, 944
31, 584
8,229
29, 886
47, 978
54, 840
322, 636
146, 410
34, 400
8,253
28, 532
48, 768
56, 273
339, 557
154, 860
39, 111
9,220
31, 605
52, 916
51, 845
304, 060
141, 626
32, 337
7,874
28, 595
45, 127
48, 501
417, 402
168, 314
40, 498
9, 244
28. 870
53, 198
117, 278
399, 041
169, 068
42, 909
9,851
42, 973
53, 217
81, 023
343, 743
158, 593
37, 059
8,362
32, 946
49, 000
57, 783
410, 421
182, 781
40, 384
9,479
35, 193
63, 630
78, 954
365, 145
164, 114
36, 314
8,867
35, 049
58, 826
61,975
355, 232
158 288
37, 168
8 834
35, 339
57 485
58, 118
383, 861
169, 925
39, 094
8, 733
34, 018
60, 133
71, 958
361, 977
162, 438
36, 873
9,265
33, 908
57, 780
61,713
345 385
157 326
35,611
7 982
33, 904
55 733
54 829
551, 521
65, 472
66, 852
43, 687
79, 894
295. 616
594, 231
66, 402
69, 008
47, 491
85, 313
326. 017
555, 400
67, 052
76, 979
47, 442
71, 553
292. 374
554, 748
70, 958
67, 806
46, 061
68, 809
301. 114
847, 255
89, 441
173, 680
66, 567
107 251
410. 316
606. 446
79, 568
100 351
70, 794
71 220
284. 513
615, 102
66, 738
81 624
48, 531
75 359
342. 850
682 325
77, 514
94 784
58 168
84 593
367. 266
637
91
87
60
68
330.
574 765
77 946
65 634
48' 224
68 740
314. 221
633
75
61
53
83
356.
619 800
81 494
91 674
60* 744
69 080
31 fi! 808
581 965
73 336
70 363
53 064
69 463
315.739
446
221
337
022
094
772
800
985
039
386
828
5(52
Revised.
i Less than $500,000.
t Re visions for January-July 1952, respectively, for insurance written are as follows (mil. dol.): Total—2,080; 2,240; 2,562: 2,646; 2,909' 2,674; 2,513; group and wholesale—213; 273; 275; 379; 650;
494; 392; industrial—409; 486; 568; 532; 575; 497; 450.
SURVEY OF CURRENT BUSINESS
S-18
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
1952
August
September
October
1953
November
December
January
February
March
April
May
June
August
July
FINANCE—Continued
i
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S
mil of dol
23, 344
Net release from earmark§
thous. of d o l _ _ -32, 620
Exports
do
2,861
Imports
do
5 947
Production, reported monthly total
do
65, 800
Africa _ _ _ _ _
do
39, 700
Canada
do
13 000
United States
do
6. 500
Silver:
Exports _ _ . _ _ do
216
Imports^
. _ . . - do .
4.877
Price at New York
dol. per fine oz_ _
.833
Production:
2, 220
Canada
thous. of fine oz
2 921
Mexico
do
2, 272
United States
do
'
Money supply:
Currency in circulation
mil. of dol-_
29, 293
Deposits and currency, total
do
197, 000
Foreign banks deposits, net
do
2,600
IJ. S. Government balances
do
8, 200
Deposits (adjusted) and currency, total. . .do
186, 200
Demand deposits, adjusted
do
95, 800
Time deposits
do
64 100
Currency outside banks
do
26,300
Turnover of demand deposits except interbank and
U. S. Government, annual rate:f
New York City
ratio of debits to deposits^.
29.6
6 other centers 9 - do
20.8
23, 337
23, 186
22,986 ! 22, 662
22, 563
22, 562
-29,004 -263,189 -171,747 j -324, 127 -106,511 | -16,814
1,580
5,587
3, 867 !
4,262
3,813
2,704
1.872
13, 697
1 653
1 827
7,746
9 685
64. 900
66, 700
39. 000
39, 000
39, 300
37, 000
39, 300
38, 900
13, 600
13. 700
13, 000
12, 400
13, 300
12 900
6,000
5,900
4.500
5.200
4.300
5. 200
23, 342
-13,776
1,244
34 590
66, 400
39, 400
13. 400
6.200
23. 339
-92, 430
2,988
86, 465
70. 600
40, 100
14, 100
6,800
382
4.499
.833
411
7,778
.833
258
5. 009
.833
270
4. 578
. 833
1,318
10, 905
.845
506
7.272
.853
144
11,987
.853
1,787
3, 107
3, 235
1,854
9, 525
3.682
2,428
3,877
2,998
2, 521
3, 863
3, 093
2,460
3,870
3,362
2, 255
4,054
3,112
2,443
4,394
3, 175
29, 419
197, 900
2,500
8,100
187, 400
96, 400
64, 500
26, 600
29, 644
199,900
2, 500
7,200
190, 200
98, 600
64, 900
26. 700
30, 236
202. 700
2,500
8, 600
191, 600
99, 400
64, 800
27. 400
35.4
24.3
36.4
25.0
34.1
24.1
22 537
-48, 857
1 835
1 963
22 463
22 277
-68, 516 -171,660
3 654
2 747
1 690
2 255
39, 400
12 900
6, 100
38, 800
12 700
6, 000
6 800
883
6,285
.853
230
5, 364
.853
3, 578
9, 502
.853
307
6, 548
.853
3.066
1,984
3,018
2,504
4,850
2, 823
1 909
2 525
22, 178
-78.773
1.881
1 754
324
6,243
.853
30, 433
29, 691
29, 754
29, 793
29, 951
30, 125
29, 843
30, 248
30, 120
204, 220 p 202, 100 p 201, 000 P 200, 600 p 199, 100 p 199, 100 P 200, 000 P205, 100 p 204, 800
2,501
p 2, 500
p 2, 300
v 2, 400
p 2, 400
p 2, 400
P 2 500
p 2 500
p 2, 400
6, 918
p 6, 200
p 7, 100
p 7, 100
p 4, 600
p 4, 600
p 5. 100
p 9, 000
p 9, 600
194. 801 p 193. 300 p 191, 600 p 191, 000 p 192, 200 P 192, 100 p 192, 400 P 193,000 p 193, 400
101. 508 p 100, 500 p 98, 300 p 97, 400 p 98, 000 p 97, 500 P 97, 200 p 97, 400 p 97, 500
65, 799 p 66, 100 p 66, 400 •p 66, 800 P 67 200 p 67, 600 P 68 100 p 68 500 p 68 600
27. 494 p 26, 800 p 26, 900 P 26, 900 p 27, 000 p 27, 000 p 27, 100 P 27, 200 p 27, 300
41.8
26.9
34.3
23.9
35.1
24.4
37.1
28.3
35. 4
26.0
35.6
25. 5
38.9
25.9
36.0
25 0
32.2
22.9
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC) :*
Net profit after taxes, all industries mil of dol
Food and kindred products
do
Textile-mill products
do
Lumber and wood products (except furniture)
mil of dol
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone clay and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transportation equipment)
mil of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles, etc.)
mil of dol
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, net profit after taxes (Fed . Res.)
mil of dol
Railways and telephone cos. (see p. S-23).
2, 590
255
73
2, 965
195
78
2,847
186
93
63
107
246
465
113
93
127
47
116
268
562
98
127
257
46
116
279
488
77
127
228
129
239
140
119
243
212
118
262
194
61
198
280
76
278
290
69
269
298
1,231
1,730
1.267
207
244
288
~
p 246
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
810
461
461
202
56
203
0
349
349
153
188
7
962
808
800
363
0
437
9
154
154
72
79
2
i 1,381
i 1, 225
1. 157
852
0
305
8
158
158
82
72
4
873
629
601
292
130
179
28
311
311
90
172
49
1, 520
1,197
1,197
758
46
394
0
323
323
44
269
9
1. 185
1,016
949
560
3
386
67
169
151
16
130
5
1,114
1,005
1,002
624
13
365
4
109
109
25
81
2
1.069
939
899
480
0
420
40
129
129
6
105
18
1.041
942
927
588
15
323
15
99
99
11
65
24
Securities and Exchange Commission:
1,604
1,667
4, 630
2,079
1,783
1,592
3,053 i 1,890
1.108
1,331
2,047
1,380
Estimated gross proceeds, total
do
1. 168
By type of security:
1.902
1.422
1,507
1, 615
4,383
2. 861
1.038
1, 425
1,308
1.248
1.870
1,777
1,089
Bonds and notes, total
do
659
314
536
484
731
497
517
988 i
372
207
980
342
380
Corporate
.
.. .-. do. _..
124
123
116
165
159 !
65
49
119
116
46
170 !
82
49
Common stock
._.
__.
do
35
51
47
62
82
33
20
58
7
6
37
31
29
Preferred stock
do
By type of issuer:
384
664
706
696
818
731
1,179
279
908
1, 157
492
455
421
Corporate total
do
36
317
289
332
151
205
116
655
167
286
155
186
130
Manufacturing
- do
85
249
216
228
342
219
261
406
351
198
168
44
109
Public utility
.do. ._
21
32
25
66
40
50
15
23
12
15
27
10
95
Railroad
do
32
13
34
4
44
49
7 1
7
14
27
17
15
21
Communication
do . 95
141
144
162
101
56
48
418
34
62
57
27
12
Real estate and
financ''il
do
1,
101
849
3,899
1.119
886
908
1,873
1,397
724
1.171
876
890
747
Noncorporate total
do
853
491 1
494
503
1,454
547
611
3. 244
884
444
531 |
480
544
U S. Government
do
246
349
389
392
390
405
650
416 !
512
219
294
428
201
State and municipal
do
r
l
Revised.
» Preliminary.
Includes International Bank securities not shown separately.
§0r increase in earmarked gold (—).
t Revised series. Data reflect change in number of reporting banks and centers; figures prior to May 1952 will be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*New series. Compiled jointly by the Federal Trade and Securities Exchange Commissions. Data are estimated totals based on reports irorn all manufacturing corporations registered
with SEC, all nonregistered manufacturing corporations with total assets of $5.000,000 and over at the end of 1949, and a sample of nonregistered manufacturing corporations with total assets
of less than $5,000,000 at the end of 1949. Comparable data beginning with the first quarter of 1951 are available upon request.
SURVEY OF CURRENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-19
1952
August
September
Octobew
1953
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
Now monev
...
__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
0)
413
447
1, 140
378
897
655
694
684
806
715
1,161
482
273
276
210
66
127
117
5
6
9
367
278
89
68
46
11
10
12
893
635
259
237
86
148
3
11
293
221
72
51
32
13
5
34
780
661
120
74
45
28
1
43
603
495
108
46
19
25
2
6
635 ]
381
255
51
23
1
8
630
438
192
37
10
24
3
17
757
532
225
30
10
13
7
18
612
481
131
68
8
49
10
35
1 046
614
432
91
23
64
4
24
445
371
74
30
16
14
1
247
141
106
18
1
17
127
85
35
107
103
4
94
10
85
21
21
183
120
57
165
163
0
12
12
0
16
16
64,i
502
134
347
257
90
1,5
13
1
27
26
1
61
52
8
164
120
25
43
43
27
15
12
48
45
3
56
37
10
327
260
35
216
205
11
65
42
23
34
31
3
56
54
1
283
263
18
245
239
6
39
26
14
4
4
0
47
44
1
148
132
13
257
254
3
49
31
18
7
7
0
140
138
0
203
178
24
212
205
7
32
32
0
15
15
0
142
129
1
312
305
4
223
201
17
24
24
0
13
12
1
162
152
1
114
78
28
397
355
21
15
15
0
7
7
0
99
94
285
222
60
334
303
26
23
23
0
43
43
0
415
396
3
153
127
24
194
190
3
9
9
0
14
14
12
10
1
0)
27
17
()')
(i)
(i)
8
(i)
34
22
7
84
72
11
21
21
0
31
31
0
94
93
0
34
32
1
211,533
232, 288
473, 750
96,518
309, 105
161, 739
229, 897
24, 376
403. 043
292. 085
391,872
294r 085
362, 629
110,843
433, 142
333,219
348, 859
144, 986
650, 210
228, 600
443, 040
151,384
233
349
210
250
257
229
226
265
288
291
230
254
262
304
198
252
185
259
183
281
307
586
254
610
237
689
1,338
675
926
1.333
692
891
1.316
692
860
1,347
706
878
343
1.362
724
920
1,345
732
908
1,350
730
871
1,513
744
966
1,594
738
1,068
1,671
673
1,193
282
1,684
653
1,216
1,664
1,161
1,682
641
1, 182
98.14
98 57
76. 12
97.46
97 87
76.11
98. 05
98 50
75. 32
98. 19
98 62
75. 97
97. 81
98 25
75. 84
97.66
98 09
75. 50
97. 15
97 56
75.81
96. 57
96 99
74. 95
95.46
95 84
75. 27
94.42
94 79
74.88
95.30
95 69
74. 62
95.82
96 22
74. 44
95 58
95 96
74 79
115.8
128. 6
97 09
115. 7
126.6
96.86
114. 7
125. 0
96. 44
115.2
125. 4
96 96
115.3
125. 3
96 32
114.5
124 0
95 68
114.0
122 8
95 28
113.4
121 6
94 31
111.7
121 5
93 25
109.8
119 4
91 59
108.8
115 1
91 56
110.7
115 1
92 98
111.4
116 9
92 89
100, 325
101.867
56, 237
61,325
76. 955
85, 250
73, 183
83, 953
94, 402
105, 865
75. 146
85, 722
70, 039
76, 831
76, 726
90, 067
71, 709
88, 128
61, 993
72, 496
69, 942
83 260
56, 270
64, 949
46, 982
54 677
98, 416
99, 742
54, 113
58, 855
74, 892
82, 455
71,599
81,988
92 009
102, 843
73 014
82, 187
68 483
74 823
74 547
85 245
69 691
83 115
60 227
69 753
68 208
80 340
54 572
62 723
45 364
52 327
59, 136
0
59, 136
52, 793
6, 269
61, 127
0
61,127
53, 624
7, 395
69, 082
25
69. 057
61,194
78, 042
26
78. 016
71,608
6,341
86. 042
45
85, 997
79, 101
6, 819
80, 397
0
80, 397
73,417
6. 912
60, 288
0
60, 288
52, 940
7 324
74, 757
1
74, 756
65 013
9 650
76, 976
0
76, 976
64 778
12 002
62, 085
34
62, 051
54 611
7 372
68, 751
0
68, 751
60 659
8 024
55, 874
0
55, 874
48 477
7 293
47 574
41 087
6 455
100, 537
98, 656
1,448
102, 444
100, 091
1,902
99, 712
97, 838
1,447
102,315
99, 963
1,902
100. 349
98, 494
1,430
102, 341
99, 993
1.898
100, 551
98, 621
1,440
102, 405
99, 999
1.896
100, 256
98, 276
1,492
102 502
100, 025
1.967
100,116
98,200
1,428
102 510
100, 109
1 891
100,117
98,211
1 432
103 055
100, 666
1 890
99, 535
97, 638
1 425
103 066
100, 665
1 901
98, 562
96, 662
1 429
103 251
100, 853
1 899
98, 985
97, 094
1 421
104 830
102, 432
1 898
99, 454
97, 576
1 411
104 357
101 966
1 891
100, 279
98 419
1 390
104 651
102 284
1 ,867
100,010
98 142
1 395
104 634
102 269
1 865
3.18
3.19
3.22
3.20
3. 19
3.22
3.26
3.31
3.40
3.53
3.61
3.55
3.51
2.94
3.06
3 21
3 51
2. 95
3.07
3 22
3.52
3.01
3. 08
3 24
3. 54
2.98
3.06
3 24
3. 53
2.97
3.05
3 22
3. 51
3 02
3.09
3 25
3 51
3 07
3. 14
3 30
3 53
3 12
3. 18
3 36
3 57
3 23
3.29
3 44
3 65
3 34
3.41
3 58
3 78
3 40
3.50
3 67
3 86
3 28
3. 42
3 62
3 86
3
3
3
3
3.00
3.20
3 34
3.02
3.20
3.36
3.05
3.19 1
3.37 i
3.04
3. 19
3. 34
3.07
3.23
3 36
3 11
3.29
3 39
3 16
3.33
3 43
3 27
3.44
3 51
3 39
3. 57
3 63
3 48
3.62
3 73
3 42
3 56
3 67
3 37
3 54
3 61
2 28
2.22
2. 70
2.34
2.33
2.71
3.05
3.22 !
3. 39 i
i
2.38 i
2.42
2. 74
2.37 !
2.40 i
2.71 i
2.38
2.40
2. 75
2 46
2.47
2.80 1
2 63
2.54
2.83
2 65
2.61
2.89
2 68
2.63
2.97
2 81
2.73
3.09
3 04
2.99
3.09
2 92
2.99
2.99
2 92
2.89
3.00
' 521, 899
r 172, 444
246, 134
363, 709
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil of bu
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
_
.
mil. of dol
do
do
_ . .do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total§ _ .
_ _ _ _ _ _ _ ..dollars
Domestic
do
Foreign^
_
_ __ _
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues) :
Composite (17 bonds)
dol. per $100 bond..
Domestic municipal (15 bonds)
do
U S Treasury bonds taxable
do
Sales:
Total, excluding U . S . Government bonds:
All registered exchanges:
Market value
thous. of doL.
Face value
_ _
_ do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total §
thous. of dol__
U. S Government
do
Other than U. S. Government, total§
do
"Domestic
do
Foreign
do
Value, issues listed on N. Y. S. E.:
Market value, total, all issues§
mil. of dol__
Domestic
__ _
do
Foreign
do
Face value, total, all issues §
do
Domestic.- do
Foreign
do
Yields:
Domestic corporate (Moody 's)
percent. _
By ratings:
Aaa
do
Aa
. __
.
... ._ .do. __
A
do
Baa
do
By groups:
Industrial
do
Public utility. . - _
--do
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds) _ _ do
1T. S. Treasury bonds, taxable
do
r
Revised.
i Less than $500,000.
r 651
47, 574
o
24
39
56
85
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of
all listed bonds.
SURVEY OF CURRENT BUSINESS
S-20
October 1053
1952
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August
September
19 53
October
November
January
February
April
March
June
May
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
231.5
51 0
105. 5
3.3
1,166.5
78.2
763.5
87.9
540. 5
105 •>
203.5
8.0
253. 0
64 7
115.2
2.1
1, 736. 1
195 2
1,045.5
141.9
8
49 7
6.4
10 3
4 5
46.9
76.8
42.4
47.2
23.6
95 0
60 9
14.6
40 3
13 0
10
52 2
2.9
81
6 8
49 7
92.6
88.4
79.2
43 6
95
64
18
57
11
3.96
4 22
1 92
2 71
2 64
2 87
3.95
4.20
1.92
2.81
2.68
2.87
3.95
4 18
1 92
2 85
2 68
2 88
3.93
4 17
1 92
2 87
2 66
2 98
3.93
4.16
1.92
2 87
2.75
2 98
3.95
4 16
1 93
2 88
2 84
2 99
3.95
4 is
1 94
2 91
2 86
3 01
72.57
76 52
36 15
47 70
71.09
74.58
36.34
46.57
71.02
74 35
36 25
46 43
74.42
78 20
37 36
49 74
76.66
80.89
37 85
51.66
76.69
80 37
38 40
52 19
75.60
79 15
38 21
51 17
Yield (200 stocks)
_
percent ..
5 46
Industrial (125 stocks)
do
5 51
Public utility (24 stocks)
do
5 31
Railroad (25 stocks)
do
5 68
Bank (15 stocks).
do
4 39
Insurance (10 stocks)
do
3 15
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks) .
dollarsPublic utility (24 stocks)
do
Railroad (25 stocks)-- ..
... ...do ...
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)percent. .
4.12
Prices:
Dow -Jones & Co., Inc. (65 stocks) -dol. per share. . 107. 10
Industrial (30 stocks)
do
276 70
Public utility (15 stocks)
do
50 75
Railroad (20 stocks)
do
102 95
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
Combined index (480 stocks) .. .1935-39 = 100.191.1
Industrial, total (420 stocks)
do
207 8
Capital goods (129 stocks)
do
191 4
Consumers' goods (195 stocks)
do
174.8
Public utility (40 stocks)
do
118 6
Railroad (20 stocks)._ ... _ do
175 3
Banks, N. Y. C. (16 stocks)
do
114.7
Fire and marine insurance (17 stocks) ... do
215 4
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. of dol
1,154
Shares sold
_ _.
thousands .
41,576
On New York Stock Exchange:
Market value
mil. of dol
978
29 433
Shares sold
thousands
Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands
20, 905
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of d o l _ _ 114,506
2,736
Number of shares listed
millions
5.56
5.63
5.28
6.03
4.23
3.18
Price per share, end of month (200 stocks). -do
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
5
5
5
6
4
3
56
62
30
14
29
15
5
5
5
5
4
3
28
33
14
77
19
10
6.76
2.61
7.86
4.12
105. 29
272. 40
50.30
100. 43
5.13
5 14
5.07
5 56
4.18
2 99
548.1
125 6
170.5
50
5
5
5
5
4
3
7
3
2
0
8
15
18
03
52
29
07
181.3
44 9
65.0
2 9
42
6
15
3
5
5
5
5
4
3
9
0
9
5
2
22
26
08
69
32
17
8.54
2.62
11.71
4.16
103.
267
49
99
92
77
59
83
1, 249. 6
87 6
802.2
87.3
0
8
6
1
8
10
51 8
3.1
7 6
6 0
51 1
94 6
56.4
49 0
21 4
3.97
4 16
1 95
3 01
2 89
3 07
3.98
4 17
1 96
3 01
2 89
3 09
3.98
4 17
1 98
3 01
2 89
3 09
3.97
4 16
2 01
3 03
2 89
3 09
3.98
4 15
2 01
3 09
2 89
3 10
3.99
4 16
2 Q"
3 11
2 8-9
3 10
74. 13
77 64
37 81
49 56
72.35
75 56
36 96
48 48
72.24
75 45
37 08
48 97
71.14
74 28
36 02
48 40
72.87
76 24
36 81
49 03
69. 34
71 8^
37 16
44 39
46
89
57
40
27
5
5
5
6
4
3
9
0
7
3
0
36
36
16
07
44
29
561.2
103 5
190.1
7.3
105
63
30
50
10
5
5
5
6
4
3
50
52
30
21
60
41
5
5
5
6
4
3
51
53
34
15
72
41
4.11
4 16
4 21
4 23
25
37
04
19
112.25
288 44
52 20
109 99
111.21
283 94
52 57
109 03
112.41
286 79
53 19
110 24
5
5
5
6
4
3
58
60
58
26
75
50
576. 0
137 o
200.6
5 6
104
66
14
39
8
5
5
5
6
4
3
3
3
1
2
9
46
44
46
30
70
40
220. 9
52 0
88.0
2 r>
1
55
10
7
4
0
4
0
6
4
5 7"
5 7Q
5 57
7 01
4 66
3 46
T
7
r
2
r
80
79
8 37
7 29
2 70
6 73
111.67
285. 95
52 06
109. 85
4.12
107.
276
51
103
221. 5
49 0
100.4
2 6
1,251.1
81 4
821.9
86 9
4 33
107.
275
51
104
52
28
59
05
4 38
108.
276
50
105
07
84
97
58
4.47
104.
266
48
103
4 37
4 30
42
88
66
09
106. 08
270 32
49 03
105 68
106. 21
272 21
50 40
103 12
188.2
204.2
187. 6
172.8
118.5
171.1
117.6
214.5
183.4
198 4
182 6
169.5
117 4
166 9
120.1
215 2
189.8
205 5
190 2
175. 7
120 9
172 4
121.5
223 1
197.0
213.7
198 5
183.2
123 3
184.6
125.1
230. 5
197. 6
214 3
200 4
184.7
124 0
185 2
128. 3
231 0
195. 9
212 0
197 4
183.4
124 4
181 4
128.2
223 8
198.0
214 5
199 8
185. 3
124 9
184 5
128.1
223 9
190.0
205 5
191 8
177.8
121 5
173 3
122. 3
216 0
189.6
205 2
192 3
177.6
120 8
174 2
121.3
214 1
182.8
197 5
183 7
170.7
117 2
169 3
115.3
205 1
185. 5
200 1
185 9
171. 7
119 2
173 7
117.6
208 5
187.3
202 1
188 1
172.8
121 i
170 2
121.4
215 7
1,198
48, 989
1,316
62, 389
1,331
56, 903
1,906
78, 990
1 661
74, 299
1 376
53, 534
1 906
75, 473
1 783
83, 729
1 325
58, 380
1 290
63, 844
1 073
42 528
1 119
42 437
1,012
35 165
1 121
47 653
1 145
43 340
1,647
57 885
1 417
55 897
1 173
38 540
1 616
51 812
1 541
64 111
1 129
43 936
1 106
49 757
903
28 809
29 841
946
24, 135
25, 981
30, 239
40, 516
34 087
30, 209
42 472
34 370
25 767
26 075
22 234
23 893
112, 633
2,769
112,152
2,773
117.363
2 777
120,536
• 2, 788
120, 483
2 802
119, 749
2 814
118,223
2 819
114,862
2 840
115,371
2 862
113, 306
2 878
115,886
2 882
110, 750
2 889
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTER LY)J
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
do.
do
do
Balance on goods and services
do_
Unilateral transfers (net), total
Private.-_ . _. .
Governent
do
do__ do
4,607
3,439
439
729
5 355
4, 073
592
690
729
3,942
2,698
102
1,142
4, 068
4 037
3,000
126
942
2,984
111
942
4 305
3, 123
107
1,075
5 425
4,256
440
5 742
4,489
463
790
+665
+1,287
+ 1,388
+ 1,437
-1,298
-106
— 1,192
-1,468
-1,908
-127
— 1,341
-120
— 1,788
-2,020
-122
— 1,898
U S long- and short-term capital (net) total do
Private
do
Government
do
— 160
—275
—347
+72
— 209
— 219
— 199
+ 10
+28
+86
— 58
Foreign long- and short-term capital (net)
+769
+152
+155
+326
+274
+603
+128
-29
+ 101
do
Increase (— ) or decrease (+) in U. S. gold stock
mil. of dol
+39
+7
+30
+17
Errors and omissions
do. ._
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
September 1953 SURVEY.
I Revisions for the first 2 quarters of 1952 appear on p. 12 of the
SURVEY OF CURRENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-21
1953
1952
August
September
October
November
December
February
January
March
April
May
June
July
August
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise :cf
Quantity
.
.. 1936-38 = 100__
Value
do
Unit value
- _. ..
do
Imports for consumption : d"
Quantity
___ _
_.
do
Value
do
Unit value
-__
do
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
1924-29= 100. _
Adjusted
- _ do
Total, excluding cotton:
Unadjusted
do
Adjusted
__ __
do
Imports for consumption:
Unadjusted
do__ _
Adjusted
do
'216
441
'204
'244
498
205
'244
494
203
'240
280
566
203
'256
483
202
525
205
239
486
204
'275
' 566
279
567
203
' 290
' 589
205
203
279
561
201
140
398
283
151
r 429
284
169
471
279
138
388
280
180
'413
277
162
445
276
149
' 499
278
174
484
277
175
486
278
158
434
276
164
451
275
65
73
77
62
93
70
88
70
110
92
96
96
78
95
90
105
82
102
99
70
96
73
99
112
112
117
93
142
113
125
109
151
138
146
153
117
145
141
167
130
156
113
134
105
131
126
157
108
117
111
116
116
119
90
92
128
126
121
116
101
99
121
108
126
119
104
106
105
113
100
111
7,769
7,580
7, 421
8,342
7. 028
8, 879
6,393
7,847
5, 720
9,629
5.109
8,814
4, 267
7, 703
4,663
8,644
6.292
' 1, 191
1,390
' 1, 291
' 1, 197
1,388
' 1,395
Shipping Weight
Water-borne trade:
Exports, incl. reexports©
General imports - ...
thous. of long tons..
do
8,913
Valued"
' 1, 228
Exports, including reexports, totall
mil. of dol__
••1,087
By geographic regions:A
Africa
__
thous. of doL_ * 39, 380 ' 45, 162
150, 565 ' 147, 490
Asia and Oceania
do
203, 058 ' 224, 642
Europe _ _
_._
- do _
220,
693 ' 245, 858
Northern North America
do
126, 184 r 124, 387
Southern North America _
do
136,
115 ' 133, 637
South America
._ .._ _ _ _ ..do. ._
Total exports by leading countries:A
Africa:
6, 742
' 5, 651
Egyot
_. _ ._ _ _ _ do- _
' 14, 270 " 15, 169
Union of South Africa- _
do
Asia and Oceania:
' 12, 103
7, 883
Australia, including New Guinea
-do
2,900
2,171
British Malaya __
do __
0
0
ChinaO- - - --- --- --do
14, 646
' 14, 000
India and Pakistan
_
do _.
42, 514
' 40, 279
Japan
. __
..do
9,964
10, 960
Indonesia
do
"•22,331 ' 21, 384
Republic of the Philippines
do
Europe:
'21,971
19, 474
France
___ _
do_ __
Germany
... _
...do. __ ' 36, 824 ' 33, 776
'
Italv _.. _
__.
.
do
' 18, 511 18, 929
Union of Soviet Socialist Republics
do_0)
0)
* 33, 897 ' 50, 962
United Kingdom
___. ______
.do North and South America:
' 220, 623 ' 245, 848
Canada __ _
_
_ ,_
do
Latin American Republics, total __ _ .do ._ r r247, 631 ' 243, 516
r 13, 889
16, 566
Argentina
__ _
do
r
35, 851
29, 758
Brazil
_ __
do
r
10, 412
Chile
do-... r 8, 203
20, 062
Colombia
- __ _
do
17, 637
' 36, 898 r 39, 606
Cuba
do
- 48, 599
46, 834
Mexico
_ . __
do
* r41, 828
Venezuela
do
35, 387
1,074
1, 217
Exports of U. S. merchandise, totals-mil, of dol__
By economic classes:
Crude materials
thous. of doL. 114, 752 ' 146, 962
79, 811
80, 212
Crude foodstuffs
_
do
49, 214
50, 460
Manufactured foodstuffs and beverages do
r
116, 370 r 124, 291
Semimanufactures 9
do
' 714, 193 ' 815, 321
Finished manufactures 9
do
By principal commodities:
Agricultural products, total
do ... 186, 682
220, 983
Cotton, unmanufactured _ _ _
_
do .
50, 569
21, 048
Fruits, vegetables, and preparations
do
19, 040
16, 818
82, 570
90, 291
Grains and preparations
do
14, 330
Packing-house products
do
10, 706
Tobacco and manufactures
do
28, 160
35, 629
Nonagricultural products, total
do
Automobiles, parts, and accessories
do
Chemicals and related products§ . do _ .
Coal and related fuels. _
do
Iron and steel-mill products
do
Machinery, total §
Agricultural __
_
Tractors, parts, and accessories
Electrical §
_ _
Metal working§
_
Other industrial
Petroleum and products
Textiles and manufactures
do
do
- do
do
_
do
do
do
do
"• 1, 215
r
' 43, 825
171, 680
245, 900
256, 226
144, 276
134, 358
37, 338
160, 288
247, 947
244, 874
132, 172
129, 516
12, 313
' 14, 672
4,556
13, 506
r
T
16, 608
2, 862
0
13, 650
r 54, 819
9, 984
r 21, 516
' 1, 376
36, 772
156 806
218 145
290 129
128? 061
128, 519
6,733
2, 563
16, 871
' 16, 693 ' 11, 492
2,436
0
2,852
0
14, 079
' 51, 158
13, 009
23, 988
28, 616
52, 745
4
2
2,274
0
244, 873
' 245, 879
' 10, 028
' 25, 708
10, 083
' 21, 493
r
41, 194
' 51, 278
'41,576
r
1, 181
4,454
18, 194
3, 958
18, 365
4 000
16 454
9,871
2, 636
9,730
0
7,947
3,264
0
9, 686
2 560
7,495
0
28, 332
50, 549
7 549
28, 394
' 10, 752
50, 826
8 759
29, 245
12 898
50, 255
6 157
39, 177
33,715
34, 598
26, 426
' 24 370
26. 562
26, 514
28, 004
39 882
29, 471
27 602
27 339
25 755
23 474
11,782
27, 774
r
30, 601
r 26, 610
34, 182
28, 495
' 36, 406 ' 17, 145
r
1
r
(!)
1
53, 139
' 225, 408 <• 228, 232
' 265, 206 r 231, 142
r 8, 527
6,349
r
T
30, 423
23,815
13, 939
' 5, 951
' 19, 451 ' 19, 460
' 40, 394 ' 39, 299
' 54, 292 51, 858
' 39, 643
'43,012
r
1, 381
' 1, 280
' 47, 864
154, 874 ' 169, 572 ' 180, 209 ' 134, 540 ' 110, 600
' 97, 194 ' 89, 446 ' 117, 364 T 109 383
'86 884
r
' 61, 645 r 58, 876
' 65, 366 r 63, 603
50, 879
r
133, 390 r 123, 295 T 131, 426 r 106 815
108 222
r
r
r
759, 803 ' 739, 816 ' 886, 713 865, 528
828, 590
' 272, 888 ' 324, 483
67, 142
90, 505
* 21, 999 ' 22, 531
' 98, 108 ' 133, 552
' 11, 165 ' 13, 473
31, 980
29, 264
r
r
268, 702
54, 468
19, 149
127, 900
13, 272
24, 919
r
2
61, 703
r
0)
53, 551
0
3
43 743
r
216, 627
* 47 325
17, 838
* 93, 764
13, 604
19 003
221 031
48 278
22, 566
76, 556
14 890
30 504
» 1,196
2 205
o
4
""
39 048
' 118, 308
132, 539
139, 168
127, 324
r 106 265
82 490
75 029
67 762
'
56,
592
53,
747
55,
889
53, 977
r
116 934
113 055 T 113 7^1
112 146
' 980, 513 '1,001,069 '1,051,475 1,006,585
' 250 499 223 535
45 064
38 396
20, 191
17, 925
r
114, 443
89, 567
14 242
15 236
33 113
38 129
' 1, 346
14 629
44 912
9 266
' 230, 946 ' 266, 227 ' 286, 973 ' 294 777 290 101
' 221, 508 r 235, 796 ' 238, 271 ' 251, 969 242, 493
5,413
6 265
5 942
8 214
14 177
' 23, 481
r 23 850
22 473
24 366
24 661
r
' 5, 635
9, 072
7,118
6,506
7 227
20, 121
19 825
24 231
24 441
26 140
' 35, 896 r 38, 925
34,315
30,
827
32
025
' 46, 864 r 54, 157
52 218
51 980
47 794
41, 075
41, 051
43, 843
' 46, 998
41, 671
' 1, 185
' 1, 379 ' 1, 383 ' 1, 435
1,368
r
' 265, 022
61, 290
' 21, 051
' 108, 911
13, 345
30, 816
2 505
17, 910
26, 761
' 50, 414 ' 40, 796 r
7,474
10, 477
' 30, 816 '24,799
'
' 45, 577 ' 61, 494
r
4,739
' 24, 427
3,316
17, 221
19, 463
40, 819
' 34, 796 40, 544
' 23, 720 ' 40, 572
52, 904
' 256, 211
' 261, 941
11, 241
' 28, 908
r 10, 500
19, 004
45, 828
' 52, 628
' 43, 555
' 1, 207
' 1, 446
' 39, 363 ' 45, 039 ' 35, 534 ' 49, 047 ' 44, 398
44, 794
' 202, 569 177, 762
164, 579
185, 407 T 169, 949
178, 304
' 308, 240 267, 865
213, 679
253,
195
'
249,
390
'
246,
325
r
225, 410
228 242
230, 947
266, 229 r 286, 975 T 294, 784
' 143, 558 131,383
121, 651
132, 902
133, 837
136, 492
' 136, 881 114, 781
116, 184
118, 165 ' 122, 970 ' 130, 991
'26,531
?6, 941
? 47, 247
r
23, 853
r
10, 294
r
1% 193
41 340
23, 686
69, 467
15 168
24 845
1 340
96, 912
82 004
60, 494
989, 715
196 463
21 156
20, 517
90,630
14 795
19 327
' 887, 658 ' 996, 263 ' 941, 885 ' 908, 116 ' 1,056,596 '1,011,168 ' 968, 547 '1,128,114 '1,159,365 '1,214,281 1, 171, 602 1, 143, 205
94, 098
115, 751
97, 815
93, 992
114, 891
124, 610
124, 383
151, 579
162, 186
142, 195
134, 401
112,845
' 62, 630 ' 60, 728 ' 61, 577 ' 58, 203 ' 58, 674 57, 393
56, 273
' 66, 601 ' 68 459 71 700
70 433
65 670
44, 549
'41,379
35, 400
' 35, 150
' 25, 759
24, 778
18 294
17 651
29 329
33 831
35' 556
33 107
55, 805
41,410
r 66, 336
59, 779
67, 751
* 45, 801
' 42, 914 ' 46, 769
43, 436
45, 860
41, 841
36, 335
r
209, 162
13, 102
15, 737
51, 068
20, 397
99, 949
r
T
r
r
64, 270
50, 822
' 202, 207 * 216, 985 ' 195, 392 ' 219, 575 r 241 385 r 224 610
T
8,003
8 260
7 389
9 442
9 191
10 345
r
16, 689
20, 451
15 258
' 20 328 26 659
27' 561
r
r 54 838
T 47 728
' 49, 509 49 131
r 68 899
r 62 280
' 21, 808 ' 24, 966 ' 21 225 ' 24 673 ' 28 378 r 29 318
95, 578
103, 664
93, 412
100 384
97 985
92 975
60,483
50, 622
' 59, 144
58, 780
' 63, 144
55, 496
' 66, 650
55 811
54, 787
52 941
T
54 693
50 462
r 270 216
12 973
32*396
r 72 492
29 560
112 397
' 62 408
58 572
r 271
15
33
r 75
24
112
903
201
468
255
691
269
67 092
53 852
r 274 910
16 278
32 954
74 5^4
' 26 361
113 660
263 204
14 705
32* 890
22 818
110 938
101 273
56 083
58 193
56 958
52 234
55 787
47 7Q2
79 9Q1
234 802
H
AOO
26 756
91 Q9*}
' Revised.
1 Less than $500.
c? Revisions for January-July 1952 will be shown later.
0Excludes "special category" shipments and all commodities exported under foreign-aid prosrams as Department of De-ense controlled cargo.
ITotal exports and data by economic classes and commodities include shipments under the Mutual Security Program
Total MSP shi >jments are as follows (mil. dol.): August 1952-August 1953, respectively—170.3; 247.6; 173.1; 195.0; 275.8; 268.1; 272.3; 328 3; 339 8' 362 6- 371 1- 396 1- 371 1
AExcludes shipments under MSP and "special category" shipments not made under this program.
©Including Manchuria beginning January 1952.
9 Data for semimanufactures
reported as special category type 1" are included with finished manufactures.
§Excludes "special category type 1" exports.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1953
1952
August
September
October
November
December
January
February
March
April
May
June
July
August
P 849, 000
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value cf — Continued
General imports, total
thous. of dol . . ' 818, 042 r 876, 107 ' 918, 088 ' 804, 618 '1,052,254 ' 922, 265 ' 855, 928 '1,004,240 '1,012,404
By geographic regions:
' 35, 259 ' 30, 325 ' 34, 972 ' 35, 650 ' 56, 798 ' 53, 935 '45,119 ' 48, 568 61,716
Africa _-.
do
' 160, 466 r 150, 077 ' 165, 295 ' 124, 144 ' 185, 444 '170,575 ' 140, 520 ' 154, 992 ' 177,403
Asia and Oceania
do
' 148, 168 r 170, 379 ' 190, 700 ' 175, 518 ' 201, 012 ' 180, 449 '172,292 ' 214, 543 ' 207, 845
Europe
do
Northern North America
__ ._ _ _ . -do - ' 183, 831 ' 206, 861 ' 219, 224 ' 202, 260 ' 228, 973 ' 183, 865 ' 184, 930 214, 918 212, 304
' 90, 741 ' 84, 550 ' 86, 231 ' 83, 900 ' 134, 628 ' 1 37, 275 '121,436 150,420 ' 147,441
Southern North America
do
South America _ ___ - do199,577 '233,916 ' 221, 665 ' 183, 145 ' 245, 399 '196,165 '191,632 ' 220, 799 205, 696
By leading countries:
Africa:
423
323
1,851
7,739
6,840
2,334
4, 554
2,328
2,460
Egypt
do
' 9, 591
9,734
r 8, 288
' 6, 855 ' 7, 398 '7,0.13
' 9, 202
7,289
' 7, 761
Union of South Africa
do
Asia and Oceania:
9,302
24, 633 '15,915
' 8, 145
6,685
14, 347
6, 965 '14,161
8,771
Australia, including New Guinea - . do
' 19, 976 ' 20, 262 ' 30, 961 ' 24, 527 ' 17, 148
23, 100 '21,710
19, 848
23, 325
British Malaya do
590
'1,272
256
678
1,099
518
818
571
1,196
ChinaO
- do
24, 231
' 24, 648 19, 926 ' 27, 472 ' 27, 177 ' 22, 358 23, 865
26, 374
India and Pakistan
do
26, 082
24, 631
24, 666
17,985
r
23,
625
'
20,
919
23,
045
15,439
Japan
_
do
'
22,
032
22,
330
r
18, 914
' 22, 773 13, 682 '21,282 '19, o06
24, 683
18, 854
18, 547
19, 347
Indonesia
do
18, 873 '13,852
' 15. 787 ' 19, 422 ' 20, 750 '19,716
' 23, 585 r 18, 994
23, 937
Republic of the Philippines
do
Europe:
r
' 15,473 r 12 552 ' 14, 289 ' 14, 161 ' 12 939 ' 17 355 18 784
r 12 461
11, 717
France
do
19, 133 ' 23, 283 ' 23, 797 ' 22, 748 20, 991
17, 675
Germany
do
16, 668
28, 071
26, 227
'17,264 ' 14,124 ' 17, 577 ' 13,497 ' 10,153
Italy
_
_
do
15, 381
12, 123
12, 557 '11,019
' 1, 441
1.617
559
810
1,241
982
'402
2,005
Union of Soviet Socialist Republics
do - i,128
51,361
United Kingdom
..
- do
35, 789 ' 42, 762 ' 46, 056 ' 38, 678 ' 42, 71 7 ' 37, 535 ' 44, 874
46, 934
North and South America:
' 183, 365 ' 206, 065 ' 218, 880 ' 202, 178 ' 228, 942 '183,853 ' 184, 887 214, 909 ' 212, 272
Canada
_ ._. do
' 279, 177 ' 305, 424 ' 287, 126 ' 250, 443 ' 355, 952 '311,272 ' 294, 594 '351,998 ' 337, 552
Latin American Republics, total
do
16,444
1 9, 574
22, 245 ' 22 642 1 5, 042 ' 20, 886 18, 549
11, 428
15, 737
Argentina do
76, 739 ' 57, 678 '81,653 '57,817
63, 125
88, 896
Brazil
do
58, 576 ' 67, 596 59, 677
31,261 ' 27, 778 ' 36, 895 ' 24, 844 26, 314
28,143
36, 518
31, 031
27, 304
Chile
-- do36, 324
35, 735
30, 066 ' 28, 1 65 ' 41, 975 33, 519
37, 494
43 764
31, 029
Colombia
do
r 43, 020 'r 36, 755 ' 24, 431 ' 20, 275 ' 26, 468 ' 36, 600 32, 773 ' 48, 713 ' 50, 054
Cuba
_ _- -_ ._
_do
' 51, 490 ' 41. 928 ' 37. 861 ' 44, 221 39 573
26, 402
25, 202 ' 29, 486 33, 160
Mexico
do
34, 804
32, 964
34, 575
' 32, 585 '35,814
34, 751
39, 259
31, 717
33, 573
Venezuela
..
__
do
r
Imports for consumption, total
do
81 6, 549 ' 880, 441 ' 966, 133 ' 796, 195 '1,022,526 ' 913, 380 ' 847, 414 ' 991, 841 ' 997, 691
By economic classes:
r
210, 802 '205,172 ' 268, 444 ' 181, 677 ' 246, 727 ' 235. 401 ' 207, 846 ' 233, 896 223 930
Crude materials
do
r
1 44 406 r 177 201 ' 162, 055 ' 152 183 ' 229, 543 ' 190 685 175 810
207 899
Crude foodstuffs
do
215 706
' 89, 410 ' 74, 802 ' 80, 176 ' 85, 457 ' 76, 307 ' 106, 062 ' 104, 214
' 98, 379 '101,914
Manufactured foodstuffs and beverages. _ _ do
Semimanufactures
- _. do
'r 201, 296 ' 220, 571 ' 243, 927 ' 208, 513 '275,415 ' 226, 328 ' 221, 684 '243,141 ' 260, 145
Finished manufactures
do
161, 667 ' 175, 582 ' 202, 297 '179,020 ' 190, 664 ' 175, 509 ' 165, 766 ' 200, 844 ' 193, 696
By principal commodities:
r
337, 703 ' 359. 095 '371,275 ' 290, 334 ' 410, 953 ' 382, 547 ' 335, 271 ' 405, 857 ' 422, 200
Agricultural products, total _ do
6,344
2,897
8,653
24, 650
20, 084
13,101
15, 120
Cocoa or cacao beans, incl. shells _ . . do _
6,871
17,662
150, 361
' 99, 1 68 126, 550 ' 109, 608 ' 95, 080 149,133 ' 123, 611 121, 604
148, 425
Coffee
- do
5,315
' 4, 794
' 3, 936 ' 4, 854 ' 3, 713
5,437
5, 936
Hides and skins _ __
_ . _ . do
5.298
8,765
41,921
35, 465
28,816
Rubber, crude, including guayule
do __
40, 999 ' 30, 807 ' 32, 648 27, 077
33, 458
33, 938
19, 528
13, 708 ' 18, 080 33, 282
' 45, 279 r 40, 161
44, 450
44, 531
Sugar
- do
31, 237
23, 929
25, 047 ' 63, 072 16, 719
27, 549 ' 38, 999 29, 129
Wool and mohair, unmanufactured
do
30, Oil
29 572
Non agricultural products, total
- - do - * 478, 847 ' 521, 346 ' 594, 870 ' 505, 860 ' 611, 573 ' 530, 833 ' 512, 143 ' 585, 985 ' 575, 491
4,924
7,035
2,611
8,585
7, 578
9, 789
5, 790
5,538
6,915
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
' 122, 889 ' 103, 083 ' 144, 037 '114,937 '119,542 ' 122, 919 127, 389
total
thous. of dol ' 109, 634 '114,504
' 42, 767 T 47, 702 ' 41, 844 ' 40, 616 ' 49, 717 ' 34, 452 ' 43 039 36 298
Copper incl ore and manufactures do
47 099
30, 693 ' 20, 889 26, 806
28, 852 r' 23, 611
' 30, 687 ' 24, 555 29, 169
24, 139
Tin including ore
-- dor
23, 950
26, 605
27, 071
27, 323 ' 29, 675 ' 26, 031 24 219
24 039
23 677
Paper base stocks
do
51,003
49,
899
'
48,
289
53,
604
46,
106
43,
841
47,
359
49,
808
5-1, 661
Newsprint
• - -- do_
r
51,753
52, 230 r 64, 466 ' 54, 332 ' 71, 635 ' 65, 360 ' 57, 702 ' 64 539 r 56 802
Petroleum and products
do
901, 626
933, 763
' 907, 885
50, 510
178,074
44, 831
175 200
200, 047
222, 790
101 994
188, 900
43, 208
145, 703
204, 207
203, 799
103, 028
208, 140
2,497
5,499
7,786
1,262
1,589
6,361
164,010
194, 857
210, 185
103, 991
11,292
20, 540
499
21,935
21, 150
18, 023
25, 929
14 409
22, 948
12, 528
19 247
265
22 579
22, 563
22 056
34, 882
8,561
15,403
601
19, 486
23, 727
20, 974
24, 992
17 905
25 487
11, 549
1,131
44, 400
20 483
24, 388
12, 725
1,134
53, 866
210,174
266, 724
14, 577
43, 197
27, 170
35 066
40, 255
26, 993
37, 208
891, 102
222, 624
274 477
16, 093
48 619
30, 403
34 121
39, 495
28 774
34, 216
925 613
203, 624
294, 732
27, 731
56, 753
20, 278
41 713
40, 680
26 207
35, 643
892, 595
219, 125
' 150 643
' 99, 315
239, 091
182, 928
228 192
148 196
105, 274
260, 284
183 667
215,902
331,416
17,390
328 978
17, 282
88 607
9,162
13,209
876
45, 656
87, 985
8,110
29, 106
42, 786
24, 240
559, 686
5,529
118, 906
44 041
22, 652
25 003
48, 600
62 633
30,217
49, 431
22 192
596, 635
6 468
137
52
23
27
50
61
901
083
259
082
828
049
157 746
101,226
232, 061
185, 661
327, 459
13, 754
102, 599
6,199
26, 445
43, 058
27, 815
565, 136
5,506
113, 638
41 501
19, 501
22 828
48, 314
59 554
TRANSPORTATION AND COMMUNICATIONS
TR AN SPORT ATION
Airlines
Operations on scheduled airlines:
36,213
35, 632
34,211
35, 931
36, 612
35, 566
33, 836
37, 681
39, 550
37, 707
41, 782
Miles flown, revenue
_ __ ._ _ -thousands-39, 517
14, 459
15,826
14, 566
16, 591
14, 065
12, 475
13, 133
14, 967
13, 720
Express and freight ton-miles flown _.
do
13,992
13, 426
14 033
5,731
5,554
5,574
5,201
7,947
5,346
5,829
5,874
5, 225
5,971
5,541
Mail ton-miles
flown
do
5 557
2, 183
1,879
1, 839
1,828
1,845
2,059
2,140
2,128
2.238
2,265
2,354
2,385
Passengers carried, revenue
--do __
972, 158 1, 018, 400 1, 040, 706 1, 000, 839 1,154,796 1, 206, 462 1. 218, 245 1, 320, 710 1,305,097
Passenger-miles flown, revenue
_ __ do -_ 1, 142, 731 1, 121, 868 1,119,674
Express Operations
33, 934
35, 727
32, 426
43, 768
29, 977
30, 239
30, 918
35, 475
33, 121
31, 032
Transportation revenues _ __ _ thous. of dol
29 890
32, 613
15, 295
17, 782
11,253
13,819
13, 527
10, 852
11,937
10, 698
14, 210
11 410
12 845
Express privilege payments
do
10 536
Local Transit Lines
Fares, average cash ratef
cents ' 12. 0635 ' 12. 1949 ' 12. 2330 ' 12.4301 '12.5042 ' 12. 5890 ' 12. 6716 ' 12. 7330 ' 12. 7818 '12.8008 ' 12 8432 r 12 8941
997
1,004
914
969
1,042
959
1,053
953
892
977
972
Passengers carried revenue
millions
878
129, 200
120, 300
130, 900
126, 600
Operating revenues
thous. of dol 'i 120, 400 '117,600 ' 132,000 ' 126, 100 ' 143, 700 127,300
121 100
120 500
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :
1,001
1,066
1,007
Number of reporting carriers
520, 1 36
587, 689
583 773
Operating revenues total
thous of dol
575, 386
490,157
546, 096
Expenses total
do
32, 383
28, 637
32, 588
Revenue freight carried _ __
thous. of tons
12 9386
831
Carriers of passengers (quarterly totals) :
167
166
166
Number of reporting carriers
168
100, 096
118, 351
86 813
Operating revenues total
thous of dol
102 976
90 435
95 555
83 840
89 974
Expenses total
do
99, 819
92, 146
84, 657
Revenue passengers carried"
thousands . 91, 406
' Revised.
1 Revised data for January-July 1952 (mil. of dol.): 127.0; 122.3; 125.0; 127.9; 126.7: 116.7; 115.9.
^Revisions for January-July 1952 will be shown later.
©Including Manchuria beginning January 1952.
fData have been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over; earlier data prior to August 1952
will be shown later.
SURVEY OF CURRENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-23
1952
August
Se
^eerm"
1953
October
November
December
January
February
March
April
May
June
July
August
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class I Steam Railways
Freight carloadings (A. A. K.):cf
Total cars. ..
_ . .. thousands ._
Coal
do Coke
do
Forest products
do
Grain and grain products _
do
Livestock
__
do. . .
Ore.
. - - - - - - _ _ -._ - _ -.do
Merchandise, 1. c. 1
do Miscellaneous
__ . . _ .
.. do. Freight carloadings (Federal Reserve indexes) :
Total, unadjusted
1935-39= 100..
Coal
do _ . Coke
do
Forest products
do
Grain and grain products-- __
do _ . .
Livestock
_
_
...
do
Ore
do
Merchandise, 1. c. 1
do ...
Miscellaneous
_
_ do
1,490
2,802
451
59
175
170
27
83
288
1,549
2,957
455
55
179
166
32
245
281
1, 544
3,883
626
71
217
215
41
438
346
1,929
3,204
540
56
186
219
29
369
268
1,537
2,964
397
50
172
236
25
378
257
1,450
4,022
678
64
238
254
38
473
347
1,930
119
97
191
140
112
46
69
43
140
122
92
186
142
119
47
79
45
146
127
96
175
144
117
58
231
44
146
132
106
182
143
124
58
315
45
148
133
105
176
151
158
52
328
43
146
128
94
162
147
166
46
341
42
141
134
112
162
153
142
55
331
44
146
134
108
184
154
128
62
278
44
151
130
97
181
146
114
57
275
45
149
132
92
184
142
130
60
273
45
154
129
96
178
144
133
66
237
44
148
130
106
183
137
141
65
237
45
146
128
105
179
145
155
60
212
43
142
123
94
167
146
138
60
213
42
139
130
112
169
145
131
58
221
44
145
79, 262
21, 625
46 558
69, 294
8,145
51 776
1,376
73, 260
7,429
56, 584
1,745
58, 597
5,584
43, 375
1,501
40, 222
12, 461
16 278
2,269
1 385
25, 302
7,511
7,400
4,129
3,111
32, 717
2, 315
23, 982
3.934
3,400
246
21,134
2,761
9,715
2,486
1 769
525
901, 634
763 046
66, 880
680, 508
924, 362
776, 260
75, 342
688, 949
925, 949
773, 517
79, 704
701, 399
924, 754
773 524
76, 799
689, 467
130, 392
101, 509
77 241
125, 733
95, 393
74 420
135, 740
99, 673
79, 232
130, 122
94, 428
71,988
133, 651
101, 636
53, 227
1.536
2,491
52, 570
1 523
2, 499
56, 296
1 429
2 490
55, 194
1 474
2,830
53, 746
1 509
3,106
3 009
947
3,233
1,168
3 182
1,256
3,153
1,064
3,265
1,045
3,236
1.029
3 265
1,056
6.69
6.77
6.49
7.14
6.51
7.04
6.71
7.44
249
245
230
264
274
270
56, 399
53, 130
59, 980
63, 018
63 298
71, 506
74,917
76, 349
69 358
86, 172
69,711
85, 632
83,504
112, 186
15, 957
19, 466
26, 700
40, 199
47, 501
57, 560
599
53, 901
1,030
44, 057
2,439
36, 929
4,004
693
656
8,652
3,882
613
58
243
263
42
447
364
1, 853
3,363
636
57
179
187
49
387
289
1,579
3,294
439
58
178
221
66
357
302
1,673
4,001
2,671
1,938
129
101
154
157
145
61
323
46
141
145
135
187
151
138
93
352
48
155
138
93
185
146
157
117
314
48
158
138
123
195
149
144
95
258
47'
150
125
Total, adjusted
do
101
Coal _ - _ _
_
do
160
Coke
do
149
Forest products
do
134
Grain and grain products
do
65
Livestock
- - .do
216
Ore
do
46
Merchandise, 1. c. 1
.
do
140
Miscellaneous
do
Freight-car surplus and shortage, daily average:
13, 934
Car surplus, total. _
.
..number1,691
Boxcars
.
do .6,310
Gondolas and open hoppers
do
4,924
Car shortage, total
do
1,958
Box cars
do
Gondolas and open hoppers
do . . . 2,743
Financial operations:
Operating revenues, total
thous. of dol . 899, 734
744, 841
Freight
do
80, 548
Passenger
do
663, 360
Operating expenses
. ... _ _ . ._ do ..
Tax accruals, joint facility and equipment rents
thous. of doL_ r 131, 334
105, 227
Net railway operating income
do
78, 155
Net income J
do
Operating results:
56, 949
Freight carried 1 mile-.mil. of ton-miles _
1 377
Revenue per ton-mile
cents
3,133
Passengers carried 1 mile, revenue
millions
Waterway Traffic
Clearances, vessels in foreign trade:
9,737
Total U. S. ports
thous. of net tons
6 576
Foreign
do
3, 159
United States
do
Panama Canal:
2,511
Total
thous. of long tons
909
In United States vessels
__. . .
do
134
135
189
140
123
70
235
45
144
128
93
188
139
157
76
233
46
145
5,693
331
113
12, 028
3,822
7,691
8,914
2,731
1, 377
3,352
631
75
203
219
40
96
318
1,770
120
111
200
135
123
66
77
43
135
121
108
193
139
128
59
70
42
138
134
123
195
152
147
76
233
46
144
131
111
191
152
131
69
248
45
144
25
6,996
14. 194
8,235
5,169
5,294
33
2,030
7,075
4 253
2,472
24, 003
8,113
10, 456
942, 139
796, 010
70, 581
674, 577
985, 215
838, 101
66, 027
707, 483
908, 004
769 593
65, 025
661, 229
935, 061
762, 543
84, 069
711,367
863, 001
713 727
79, 199
661, 684
812, 968
684 368
64, 738
621, 092
919, 617
779, 580
67, 052
1
696, 914
905, 605
765, 798
67, 093
1
673, 704
146, 650
120, 913
94, 456
157, 064
120, 669
92, 073
136, 088
110, 687
84 158
114,091
109, 602
141 852
121, 242
80, 075
57 595
114,076
77, 800
55 943
129, 134
93, 570
71, 997
58, 213
1 430
2,696
58, 066
1.503
2,481
56, 975
1 417
2,416
50, 753
1 552
3, 118
51, 756
1 458
2 943
47, 714
1 502
2 389
9,723
6 523
3,200
9,637
6,467
3,170
8,687
5 813
2,874
8,560
5 994
2,565
8 064
5 713
2 351
2,888
1,148
3,261
1,236
2,866
1,077
3,057
1,109
3 037
7.15
76
255
6.91
7.13
7.17
6.49
251
259
241
233
115, 846
94, 685
2,099
12, S58
29, 361
4,270
105, 868
63, 766
1,985
13, 402
25, 062
1,603
73, 084
55, 698
1,309
16, 178
21, 497
60, 671
50, 824
1,079
16, 225
17, 109
718
r
713
74
225
253
67
371
360
517
60
164
168
36
85
265
792
449
173
827
564
137
940
470
61
173
159
26
78
274
768
194
976
203
602
341
527
673
Travel
Hotels:
Average sale per occupied room ... ..dollars _
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100-.
Foreign travel:
U S citizens, arrivals
number
U. S. citizens, departures
.
- - do. __
Emigrant aliens departed
do
Immigrant aliens admitted
do
Passports issued _ _. - _ _ _._
... do . .
National parks, visitors. _. _ .. _ . thousands .
Pullman Co.:
Revenue passenger-miles
- millions
Passenger revenues
_ _ _ thous. of doL.
COMMUNICATIONS
Telephone carriers:
Operating revenues
thous of dol
Station revenues . ._ .
._ .. ..do
Tolls, message
.
do
716
9,074
9,113
717
9,064
665
8,368
766
9,664
919
11,610
741
9,388
9,817
9,132
696
656
8,622
9,120
354, 143
205, 114
122, 471
357, 925
210, 387
120, 911
370, 929
216, 164
127, 665
359, 634
214, 751
117,549
380, 586
223, 190
129, 766
374 578
222, 116
124, 327
363 949
219, 159
116, 260
378, 836
223, 607
126, 615
380 115
225, 848
125, 153
385 809
228, 180
128, 219
386 901
228, 995
128, 304
Operating expenses, before taxes. - do ...
Net operating income
..
. d o ._
Phones in service, end of month
thousands
252, 771
41, 077
41, 255
255, 480
40, 878
41,419
261,973
44, 112
41,621
251, 155
43, 950
41, 786
273, 404
50, 534
42 068
260, 513
45, 507
42 116
248, 719
46, 270
42 298
264, 660
45, 385
42, 488
262, 177
47, 354
42 670
278, 219
47, 103
42 850
267, 821
47, 586
42 956
15, 633
14, d883
22
17, 251
15, 534
974
17, 842
15, 850
1,253
15,881
14, 761
18, 962
16, 225
2.370
16 937
15, 487
16 033
14, 178
1,097
18, 245
15, 325
2,136
17 710
15,187
1,734
17 977
15,835
1,346
18 401
15, 802
1,820
17 617
16, 332
2,101
1.798
2,377
1,779
383
2,470
1,804
438
2, 272
1,820
2,603
1,919
436
2, 456
1,875
2,293
1,778
296
2,617
1,869
2,276
1,846
229
2,257
1,855
194
2,315
1,777
2 344
1,946
2,385
2,038
246
2,461
2,090
2,611
2,160
2,391
2,069
2,799
2,297
489
2,453
2,133
192
2, 346
1,992
2, 657
2,130
2,545
2,166
299
2,480
2,100
249
2,550
2,130
288
2 533
2,174
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous of dol
Operating expenses, incl. depreciation
do ..
Net operating revenues
. -do. _
Ocean-cabte:
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
91
78
259
83
982
360
72
375
435
256
267
63
846
237
76
253
655
360
78
328
222
76
419
748
512
390
78
77
77
333
71
239
73
250
26, 472
4 040
528
180
232
r
d
l
Revised.
Deficit.
March data include operating expenses amounting to $17,700,000 which are applicable to the months of December 1952-Febmary 1953; April data, $2,400,000
applicable to December 1952-March 1953.
J Re vised data for July 1952, $38,515,000.
cfData for August and November 1952 and January, May, and August 1953 are for 5 weeks; other months, 4 weeks.
SURVEY OF CUREENT BUSINESS
S-24
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
1953
1952
August
September
October
November
December
January
February
March
April
May
June
185, 194
July
August
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
short tons, .
Calcium arsenate (commercial)
do
Calcium carbide (commercial)
do
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas
do
Hydrochloric acid (100% HC1)
_. do-. Lead arsenate (acid and basic1)
do
Nitric acid (100% HNOs)
'.
do
Oxygen (high purity)
mil. of cu. ft
Phosphoric acid (50% HsP 04)
short tons
Soda ash, ammonia-soda process (98-100%
Na2COs)
short tons
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
short tons _ Sodium sulfate, Glauber's salt and crude salt cake
short tons..
Sulfuric acid:
Production (100% H2SO4)__
do
Price, wholesale, 66°, tanks, at works
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic and natural), production
thous. of lb_.
Acetic anhydride, production
..do
Acetylsalicylic acid (aspirin), production do
Alcohol, ethyl:
Production
thous. of proof gal
Stocks, total ....
. do
In industrial alcohol bonded warehouses
thous. of proof gal _ _
In denaturing plants
do
Used for denaturation
.- do
Withdrawn tax-paid
do
Alcohol, denatured:
Production
thous. of wine gal..
Consumption (withdrawals)
do
Stocks
do
Cresote oil, production! .
thous. of gal
Ethyl acetate (85%), production
thous. of l b _ _
Glycerin, refined (100% basis):
High gravity and yellow distilled:
Production
.. ._
do
Consumption
do. ._
Stocks
._
_ _ do
Chemically pure:
Production
_
.
do
Consumption
do
Stocks
. do
Methanol, production:
Natural (100%)
. .. thous. of gal
Synthetic (100%^
do
Phthalic anhydride, production
thous. of lb._
173, 326
171,721 I
0)
45,812 | 47, 947
65, 370
79, 391
209, 966
207, 964
184, 319
(0
56, 315
55. 292
227, 970
178, 562
0)
56, 150
46,012
219, 626
193, 507
(0
61, 903
45, 441
224, 938
188, 882
419
65, 788
44, 463
231,017
173, 857
926
61,913
43, 997
217, 261
189, 644
534
68, 946
52, 950
233, 081
188, 173
276
68. 391
51.823
235, 596
192. 424
216
69, 703
66. 194
241, 177
65, 371
' 77. 859
235, 153
54, 462
0)
128, 886
1.862
179, 200
57. 334
(')
134, 588
2.023
185, 295
61,646
140. 866
2, 251
205, 074
61. 699
381
147, 180
2,175
179, 647
64, 284
0)
157. 508
2.297
176, 929
66, 056
709
156, 824
2,278
207, 747
60. 570
1,194
139, 178
2,161
199. 765
65, 960
1,144
146, 594
2,336
214, 811
65, 270
1,444
141, 444
2,182
210, 153
65, 890
964
134, 352
2,197
218, 427
63, 342
822
134, 227
2. 035
198, 325
62,463
(') "
140 268
1.991
195,728
370, 877
5,882
242, 721
349, 218
7.001
242, 700
405, 778
8,355
260, 742
431, 598
8,107
257, 081
414, 557
8,013
260, 184
422, 365
8,490
269,311
370, 735
7,440
256, 482
423, 755
8, 034
274, 614
432, 747
9,234
278, 970
438. 427
10. 534
288, 216
390, 988
11,414
277, 495
408. 351
10, 177
282.175
35. 521
44. 948
59, 997
44, 373
45,893
41,181
41,950
49, 941
57, 708
54, 037
44, 433
41, 270
66, 516
68.913
75, 070
76, 075
81. 301
81,814
73, 221
80, 383
79, 776
78, 422
78, 818
75, 621
(0
1, 066, 592 1, 079, 457 1, 164, 427 1, 159, 061 1, 192, 765
, 184, 405 1, 116, 994 1, 270, 151 1, 206, 913 1, 257, 882
(')
r
r
] 85, 515 I
!
0)
69, 603
83, 907
241,150
:
1
1
!
|
1,163,791 1,155,856
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
22.35
22. 35
32, 979
70, 859
823
32, 781
74. 404
807
38, 746
80. 829
1,189
39. 241
69, 515
1,145
42, 985
72, 855
1,137
39, 858
67, 175
1,120
33, 894
61, 361
1,115
44, 211
71, 448
1,195
40, 688
67, 380
1,342
42, 105
71,065
1.278
40. 219
74. 568
1,117
48, 871
82, 044
959
2 32. 984
2 82, 661
36. 439
87, 430
35, 839
85. 838
31. 552
81, 702
42, 182
83, 245
46. 161
84, 263
45, 013
77, 701
46, 837
64, 238
44, 681
74, 492
43, 394
78. 581
40, 645
72, 519
39, 034
75, 501
31. 934
71.878
2 47, 420
35, 241
48. 430
39, 000
31, 249
2,057
46, 419
39, 419
35. 172
2,058
42. 281
39, 421
34, 286
2.101
44. 833
38,412
40, 638
1,448
52. 686
31, 577
35, 349
1, 815
56, 948
20, 753
40, 320
1,892
54, 592
9,646
56, 224
2,171
55. 022
19,470
34, 435
2,105
54, 872
23, 709
35, 640
2,030
53, 812
18, 707
37, 469
2,206
53, 731
21,770
36, 557
2,106
30. 364
21,514
35. 346
1,944
2 r 7, 159
12, 289
8, 813
16, 987
16, 799
7, 326
12, 277
7,984
19, 226
19, 166
7,347
12, 868
7,363
19, 613
18. 428
8,548
13 666
8,082
23,417
23, 665
8,285
12, 785
8, 375
19, 037
20, 225
7, 084
12.631
6,925
21, 659
17, 583
9,689
10, 813
7,222
30, 199
25, 169
14, 909
11, 505
7,685
18,414
23, 105
10, 207
12,386
7,423
19. 201
21, 845
8, 855
14,015
6,004
20, 126
23, 309
6, 844
13, 570
8,200
19, 649
20, 890
5, 575
11, 448
7.343
19, 058
17. 861
6,803
6,511
6, 538
12, 246
7,279
6.975
12, 066
7,602
8,101
11.447
7.043
7,102
11,006
6,898
6.219
11,370
6,701
6, 503
12, 998
6,762
6,276
12, 697
8.097
6, 866
14,856
7,380
7,092
15, 660
6,993
6.787
15, 912
7, 653
6,265
17, 999
5, 151
6, 037
16, 591
5, 235
6,400
15, 834
9,035
7,536
19, 080
10. 040
7,991
17, 173
11,147
8,886
16,211
10, 629
7,527
15, 336
11,663
7.608
14, 595
12.181
8. 233
16, 069
13, 258
7, 552
17, 644
14, 722
8.217
20, 146
13, 276
7. 897
21, 323
14. 331
7,698
24, 049
12, 234
9.021
25, 774
10, 747
8. 536
25, 580
12. 797
8.899
25, 813
179
12, 059
16, 462
234
11,143
17, 954
194
13, 367
19, 036
179
13, 329
20, 480
172
15, 544
19, 978
153
14,027
20, 013
148
11, 890
18, 481
184
13, 275
21, 841
192
12, 469
17, 519
204
12,553
18, 181
189
12. 683
18, 059
146
14,235
20, 375
380
208, 593
19,939
170. 215
7.227
599
171, 683
28, 068
124, 084
5.893
559
242, 814
7,955
219, 806
12, 602
924
140, 760
5,946
116,482
6,637
1,324
161, 193
5, 336
139, 696
9,161
2,030
199, 096
6,853
179,311
7, 814
1,863
227, 068
14,628
201, 527
6,734
910
230, 296
5,650
214,016
6,101
426
311, 892
7,367
295, 012
5, 463
219
272, 139
6. 425
2o4 557
5, 507
194, 599
140, 058
50, 743
8,735
r 31, 923
232, 080
180, 359
41, 722
12, 400
27, 654
296, 708
245, 377
37, 565
4,521
30, 831
' 364, 728 417, 574
' 291, 591 330, 194
88,419
75, 600
11, 527
11,610
40, 955
29, 031
299, 677
239, 888
92, 119
5.080
13,819
249, 670
205,411
86, 555
10.719
9,596
168 940
132.082
19. 489
8,434
14,686
57.00
133, 733
57. 00
139, 339
57.00
167, 733
57. 00
214, 470
57.00
183. 982
57. 00
142,816
57. 00
108, 479
57. 00
130, 816
169, 459
271, 922
174.796
279, 846
174, 494
257, 996
200, 068
206, 673
215,197
163, 678
1 96, 945
181, 727
164. 600
214, 636
14^,670
226, 329
2 r 28, 619
1.629
2 M5. 443
2 r 18, 266
p 22. 35
FERTILIZERS
Consumption (12 States) §
Exports, total
.
Nitrogenous materials
Phosphate materials
Potash materials
thous. of short tons__
.short tons. do
do
do -
685
572
' 169, 991 ' 141, 260
7,850
' 7, 345
' 148, 848 ' 113,557
8, 686
7,848
' 169, 230 ' 228, 999 ' 220, 929 ' 193, 988
Imports total
do
122, 146
181, 487 ' 170,367 ' 138, 598
Nitrogenous materials total
do
69, 842
66, 738
69, 563
50, 865
Nitrate of soda
-._.do. _.
r
10, 856
26, 124
6,460
'
8,
277
Phosphate materials
do_ _ _
' 25, 556 ' 16, 698
33. 020
27, 336
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
57.00
57.00
57.00
57.00
port warehouses
dol. per short ton..
142, 726
127, 884
149, 678
122. 979
Potash deliveries
short tons
Superphosphate (100% A.P.A.)c"
188, 722
165, 229
167, 152
172,844
Production
short tons
252, 582
251, 707
253, 343
Stocks end of month
do . . 257, 302
r
3228
P57.00
133, 370
NAVAL STORES
Rosin (gum and wood) :
769, 520
948, 760
Production semiannual total
drums (520 lb )
* 859, 380
904, 650
Stocks end of period
do
Price, gum, wholesale, "WG" grade (N. Y.), bulk
8.60
8.90
8.80
8.80
8.40
8.60
8.50
8.50
8.70
8.35
8.45
8.35
r8.60
dol. per 100 lb..
Turpentine (gum and wood):
233, 670
331, 000
Production, semiannual total
bbl. (50gal.)__
214.640
4 228, 880
Stocks end of period
do
.60
.60
.60
.60
.60
.62
.60
v . 59
.60 |
.62
.62
. 59
. 59
Price, gum, wholesale (N. Y.)
dol. per gal__
r
2
Revised.
f Preliminary.
1 Not available for publication.
Revisions for July 1952 (units as above): Ethyl alcohol—production, 39,238; stocks, total, 77,440; in industrial alcohol
bonded warehouses, 47,613; used for denaturation, 35,439; denatured alcohol—production, 20,126; consumption, 23,309; stocks, 6,844.
3 Data for 10 States, excluding Indiana and Missouri.
* Revisions for March 1952: Rosin, 722,580 drums; turpentine, 194,450 bbl.
JRevisions for creosote oil for January-July 1952 (thous. gal.): 10,557; 11,394; 13,373; 14,075; 13,009; 7,083; 6,504.
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma, Indiana, and Missouri. According to quarterly
reports from Virginia and semiannual reports from Kentucky, consumption in those States is as follows (thous. short tons): Virginia—1952—July-September, 90; October-December, 100; 1953—
January-March, 319; April-June, 322; Kentucky—1952, July-December, 225; 1953, January-June, 453.
cf Prior to this issue of the SURVEY, data were shown in short tons of 18% A. P. A. (available phosphoric acid). Data for January-July 1952 in short tons of 100% A. P. A. are as follows:
Production—175,404; 187,767; 200,141; 206,691; 194,857; 170,019; 167,176; stocks—234,151; 219,807; 188,881; 164,794; 186,939; 224,925; 247,630.
October 1953
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September
S-25
1952
August
October
1953
November
December
January
February
March
May
April
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous of Ib
High explosives
do
Sulfur:
Production
thous. of long tons
Stocks
do
764
62, 515
1 184
66, 621
1 010
66 177
902
1 016
59 840
56 709
812
1 056
56 212
56 871
710
58 876
503
553
634
64,562
63 170
64,765
579
754
61, 167
68,135
447
429
431
436
423
419
424
451
3 065
3 054
3 069
3 130
3 043
419
3 081
3 089
455
3 048
3 001
2 867
2 920
2,960
3,037
286,050
114, 199
339 625
290,840
110, 119
329 643
358,024
128,965
296 004
367, 547
104,045
327 150
431, 751
105, 973
406 370
427, 887
113,586
460 719
343, 522
127, 834
453 996
344, 181
128, 956
449 299
331,952
125, 007
443 138
311,131
126, 654
431 798
300, 366
116,414
413 191
291,364
101, 330
380 414
277, 369
107, 346
318 383
46 040
35,164
113 738
43 600
37, 100
107 634
54 838
44, 866
101 152
55 434
34, 533
107 530
57 588
32, 518
114 150
57 636
39, 197
117 840
51 541
35, 222
115 820
51 090
40, 361
109 800
52 056
34, 996
105 854
52 336
33, 926
105 053
50 838
32, 625
99 715
46 140
23, 966
106 866
45 152
31, 879
103 388
22 683
9,919
88 854
13 407
11,763
89 990
9 268
15, 957
103 115
5 743
14, 975
92 801
3 037
10 832
90 117
486
223
244
17 820
76 380
14 599
65 644
11 930
51 459
1 844
11 443
47 180
8 000
12 989
46 731
18 087
10, 672
46 797
27 357
11, 148
51 287
28 839
10 246
74,408
354
433
627
592
488
510
562
551
521
546
457
322
566
566
413
532
572
394
379
952
962
1,049
1 096
1 115
1 147
1 112
777
872
1 102
18 102
33*909
17 699
r 25' 247
r
382
472
480
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production
.thous. of lb_.
Consumptlon, factory
_do
Stocks, end of month _
do
Greases:
Production
_
do
Consumption, factory
_
do
Stocks, end of month
do
Fish oils:
Production.. _
do
Consumption, factory
do
Stocks, end of month
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production, crude
mil. oflb
Consumption, crude, factory
.do
Stocks, end of month:
Crude
do
Kenned
do
Exports
thous of Ib
Imports, total
.
do
Paint oils._ do
All other vegetable oils
do
Copra:
Consumption, factory..
short tons
Stocks, end of month
do
Imports.do
Coconut or copra oil:
Production:
Crude
thous. of lb__
Refined . _ _ _
do
Consumption, factory:
Crude
do
Refined
do
Stocks, end of month:
Crude
do
Refined
do
Imports..
.
do
Cottonseed:
Receipts at mills
thous. of short tons..
Consumption (crush)
do
Stocks at mills, end of month
do
Cottonseed cake and meal:
Production _ ,
short tons
Stocks at mills, end of month§
do
Cottonseed oil, crude:
Production
_thous. of lb-_
Stocks, end of month
do
Cottonseed oil, refined:
Production
_._
do_
Consumption, factory .
do
In margarine—
- do
Stocks, end of month §
_
do
Price, wholesale, drums (N. Y.)._.dol. per lb__
Flaxseed:
Production (crop estimate)
thous. of bu._
Oil mills:
Consumption
do
Stocks, end of month
__ .
do
Price, wholesale, No. 1 (Minn.)
dol. per bu__
Linseed oil, raw:
Production
thous. of l b _ _
Consumption, factory
._ do_Stocks at factory, end of month
do
Price, wholesale (Minneapolis)
dol. per l b _ _
Soybeans:
Production (crop estimate)
thous. of bu_.
Consumption, factory .
do
Stocks, end of month
do
Soybean oil:
Production:
Crude
thous . of Ib _ _
Refined
do
Consumption, factory, refined
do
Stocks, end of month:
Crude
do
Refined
do
Price, wholesale, refined (N. Y.)___dol. per lb__
578
438
474
43 097
35, 171
5,177
29, 993
27 991
32' 922
2,153
30, 769
30 808
36 190
3,664
32, 526
41 414
r 37 953
2,494
r
35, 459
35 276
r 33 425
32, 692
33 468
24 369
32 966
37,665
13, 570
29, 563
32 550
10 070
23 507
35 228
16,591
43 529
30 262
12 324
r 25 218
29 524
12 900
23 426
27 095
19 014
26 583
19 969
47, 692
36, 466
41,096
38 003
45, 425
41 035
38, 622
31 423
37, 619
30 958
34, 491
27 041
51, 836
30 364
56 545
34 112
61,323
35 858
47 506
26 344
47 818
27 401
50 718
8,730
12 237
46 974
7 616
10 137
42 465
8,334
14 152
45 915
8,415
16 162
398
148
386
1,170
521
1,035
1,757
782
2,010
70, 059
47, 876
248 660
81, 857
44,768
38,375
42,285
92, 727
23,978
318, 006
.205
498
689
967
415
369
525
458
446
378
1 074
1 044
1 052
1,072
985
1 095
970
1,077
919
1 052
916
291
644
647
18 714
34 838
1,194
33,644
25 546
18 786
18 883
29 421
14 416
04 683
23 958
15, 997
21 759
28 337
39, 520
26 942
32, 318
26 959
37, 590
29 970
31,280
26 372
35,997
31 411
44 820
27 093
41 591
23 201
43 527
23 063
45 273
27 053
39 125
22 478
45 597
27 318
30 782
7 677
5 298
36 744
7 429
9 Q69
41 411
8*809
19 Oil
38 685
8 759
9 896
41 113
7 723
7 079
41 803
8*732
8 013
37 393
9 019
222
655
1,827
100
550
1,391
38
480
949
28
377
614
14
266
361
44
208
197
113
155
155
276
182
250
317 680
155, 303
310 755
194, 047
262 173
210, 115
231 782
208, 612
181 730
178, 690
75 673
99 667
122, 619 i 91, 549
86 379
* 69, 948
231, 827
188, 505
213, 966
178, 154
211, 130
178 757
180, 541
170 739
165, 269
149 973
133, 124
115 605
95,387
84 671
74, 529
56 418
55, 418
42 451
57,397
37 830
190, 034
86 397
24, 707
445 493
.193
198, 592
95 697
26, 480
544 572
.195
185 476
104 450
29 016
627 573
.228
173 738
99 752
25 781
723 763
.179
169 882
90 754
23 109
811 815
.233
159 289
92 053
18 144
881 275
.233
119 424
79 258
17 430
916 453
.233
96 142
75 610
19 744
935 273
.233
67 740
68 663
15 664
928 561
.220
467
054
481
573
18 942
44 941
2 336
42, 604
28 611
ll' 277
29 029
31 031
17 729
38 517
24,232
29 174
36, 332
29 922
42 439
24 030
45 998
25 409
47 506
7 980
r 13 615
44 552
8 241
10 846
1,097
719
2,388
539
666
2,261
379, 384
115,114
348 802
144, 420
156,459
103, 809
249, 604
162, 946
71, 655
103, 262
32, 434
288, 212
.191
173, 856
119, 867
29, 288
343, 165
.191
r
r 15
39
2
36
426
T
2
733
441
877
18 875
33 521
554
15
r 60
2
rj57'
1
129 515
140, 897
1
59 998
cq coo
918 585
p. 200
3 39 oil
31, 002
2,295
3,794
4.17
2 303
5, 461
4.17
2 903
6,154
4.08
2 699
5,621
4.10
2 285
4 967
4.10
2 627
4 355
4.04
2 065
3 679
3.90
1 924
2 822
3.95
1 680
2 136
3.84
1 221
2 063
3.76
1 609
1 449
3.65
1 311
2 064
3.50
9 9fWl
46,904
54, 981
622, 350
.152
46, 702
51, 841
616, 537
.156
58, 017
53, 608
622,079
.151
54, 620
47, 674
626, 611
.150
46, 016
42, 335
634, 959
.148
51, 336
41 602
643, 703
.146
41, 300
41 599
641, 675
.148
39,027
43 085
636, 113
.151
34, 663
42 864
626, 180
.152
24, 497
42 697
599, 768
.150
31, 975
41 131
588, 812
.145
26, 764
45 511
575, 613
.138
43, 904
49 644
552, 927
p. 142
17, 549
9,071
14, 969
11,632
22, 507
85,496
21,997
89, 783
291,682
21, 397
79, 852
21 550
65, 741
18 679
55, 817
20 437
49, 613
19 201
44,764
20 670
34,380
17 291
26, 905
16 338
18, 865
3 279 725
18 684
7,613
178, 795
175, 008
154, 982
155, 632
166 542
187, 729
238, 300
199 066
210, 621
230, 609
173 576
171, 950
226, 935
198 811
182, 331
231,000
202 969
195, 424
200, 412
186 396
175, 466
221, 783
203 529
190, 474
208, 414
198 287
182, 488
226, 293
175 291
162, 942
190, 086
185 566
166, 319
179, 503
155 987
155, 641
208, 660
136, 414
124 222
.170
98,287
96 020
.156
124, 629
75 677
.151
153, 674
139, 602
166 204
158 194
156 308
156 951
73 545
83 716
87 118
98 342
88 275
103 952
.168
.161
!l91
!208
!l91
.'208
r
1
2
Revised.
*> Preliminary.
See note marked "§".
Estimated for 1952.
3 September 1 estimate.
§Includes stocks owned by the Commodity Credit Corporation (beginning May 1953 for cake and meal and beginning 1952 for refined oil).
190 873
100 864
!208
166 767
106 456
.'208
176 495
93 779
!208
161 242
2
1 738
3.56
9ftft 18ft
191, 992
89 Iftt
*> . 166
SURVEY OF CURRENT BUSINESS
S-26
October 1953
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
89, 896
20, 817
103, 203
20, 246
89, 753
23, 366
August
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.—Continued
Vegetable oils, oilseeds, and byproducts— Con.
Margarine:
Production
thous. of Ib
Stocks (factory and warehouse)
do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)
dol. perlb__
Shortening:
Production
thous of Ib
Stocks, end of month
do
125, 694
18, 615
86, 564
15, 584
123, 403
23, 362
105, 480
21, 694
116, 840
25, 283
126, 580
23, 412
114, 037
25, 364
113, 421
23, 911
93, 279
23, 105
96, 053
18, 372
1.269
.281
.284
.284
.284
.284
.284
.284
.284
.284
.274
.274
P. 274
125, 114
92, 559
140,171
74,126
178,057
86,653
126,622
93,678
131, 749
93, 668
141, 878
87, 976
134,857
97,290
137,161
141, 998
92, 646
108,894
118, 229
127, 912
106, 815
126, 538
105, 858
113, 700
130, 906
100, 911
111,955
117,026
119, 754
49,002
91,050
42,960
131,004 «• 133, 275
64, 769
62,388
121, 132
49, 645
71, 487
129, 534
41, 536
49, 514
106, 176
43, 788
70, 752
94, 769
40, 808
53, 961
107, 729
44, 636
72, 390
77, 499
52, 352
78, 652
r 50, 970
«• 82, 305
124, 704
48, 551
76, 153
2,223
2,852
6,679
2,345
5,629
2,659
5,780
2,360
5,992
2,575
6,207
3,348
3,184
7,102
706
713
7,044
3,243
6,073
3,590
6,770
32, 975
34, 374
16, 196
40, 843
40, 233
20, 111
46, 721
36, 439
41, 551
35, 764
18, 498
38,299
34, 274
39, 374
19, 856
46, 790
32, 980
37, 633
36, 013
19, 442
44, 884
32, 600
22, 946
22, 458
23, 204
23, 870
PAINTS, VARNISH, AND LACQUER§
Factory shipments, total
Industrial sales
Trade sales
-
thous. of dol
do
do
--
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
Polystyrene
Urea and melamine resins
Vinyl resins
Alkyd resins
Rosin modifications
Miscellaneous resins
do
- do
do
do
do
do
do
41, 192
70,763
1,998
4,866
439
404
6,109
581
303
26, 850
22, 007
16, 669
29, 582
25, 692
30, 996
27, 484
16, 942
32, 764
31, 224
39, 144
37, 919
19, 868
39, 247
33, 936
17, 868
18, 078
21, 728
7,572
9,488
589
468
8,639
506
529
35, 539
38, 515
18, 315
39, 881
27, 644
8,914
21, 274
556
456
610
532
34, 474
37, 043
20, 473
41, 654
31, 002
35, 305
32, 938
17, 883
44, 506
32, 978
21, 925
21, 788
7,840
8,705
593
521
41,028
31, 228
8,246
21,304
9,420
52,035
659
602
46,295
8,882
662
683
8,700
691
594
8,480
ELECTRIC POWER AND GAS
ELECTRIC POWER t
Production (utility and industrial), total
mil. of kw.-hr__ ' 39, 803 r 38, 723 ' 40, 571 ' 39, 365 r' 42, 389
r 33, 346
' 33, 781
•• 34, 400
•• 34, 868
36, 536
Electric utilities total
do
r
r
r
25, 885
' 25, 985 r 27 815
27, 217
28, 279
By fuels
do
r
T
T
' 6. 564 •• 8, 257
8, 515
7, 361
7, 053
By water power
do
Privately and publicly owned utilities
r 28, 618
«• 29, 372
mil. of kw.-hr__ '28,936
r 30, 283
' 31, 450
T
r
r
r
r
5, 465
4, 728
4, 586
4, 409
5, 086
Other producers
do
' 5, 403 ' 5, 378
' 5, 584 r 5, 853
«• 5, 703
Industrial establishments, total
do
r
r
•• 5, 533
5, 039
5, 064
»• 5, 438
' 5, 343
By fuels
do
••241
••321
-265
' 364
••314
By water power
_' _ _
do
Sales to ultimate customers, total (Edison Electric r
r
29, 279
29, 353
30, 676
Institute)
..- mil. ofkw.-hr 2 28, 798 «• 29, 224
Commercial and industrial:
r
r
r
5,414
* 5, 503
5, 235
5, 586
Small light and power
do
5, 187
r
r
r
f 14, 458
14, 825
14, 888
14, 108
14, 587
Large light and power
do
480
401
398
426
433
Railways and railroads
do
r
r
T
6, 819
6, 951
8,259
6,657
Residential or domestic
- - do
7,460
r
'765
525
600
«• 1, 065
'1, 016
Rural (distinct rural rates).
do
r
r
321
342
364
262
Street and highway lighting
_ do
«-288
r
r
r
T
712
699
710
714
Other public authorities
do
674
32
45
43
44
34
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
-- - thous. of dol 2 '512, 854 f 521, 257 p 521, 062 r 527, 426 ' 550, 591
42, 656
36, 663
27 402
9,261
39, 165
33, 597
24 603
8,995
42, 993
36, 969
26 771
10, 197
41, 510
35, 627
25 923
9, 705
41, 995
35, 982
25 695
10, 288
42, 733
36, 827
27 732
9,095
43, 927
38 030
29 276
8 755
44, 497
38 497
30 043
8 454
31, 432
5,231
28, 431
5 166
31, 249
5 720
30, 239
5 388
31, 317
5 510
32, 209
5 821
32, 331
6 166
5,571
5 149
5 572
5 426
423
5 511
418
452
30, 294
5 688
6,013
5 578
456
435
5 563
5 718
395
334
282
31, 616
30, 875
31, 664
31, 346
30, 991
31, 358
31 951
5,594
5,411
14 741
5,345
5,287
5,356
14, 810
15, 684
475
462
15 663
15 749
436
5 620
16 037
6 081
15 942
440
412
394
5,994
5,567
6,024
9,081
8,627
8,383
540
363
720
33
575
718
38
683
325
734
49
557 643
560, 606
569, 334
"
327
5,882
8,033
5,905
7,614
7 438
854
290
731
51
809
272
727
53
801
255
758
55
554 637
549 247
555 798
5,897
6,000
380
7 479
1 006
259
752
52
566 985
GASd"
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
' 6, 733
' 6, 260
'471
' 6, 707
••6,230
••474
r
315, 790
127, 274
175, 733
6 508
6 049
'298
' 113, 514
r
80, 986
r
31, 614
146, 648
108, 093
37, 524
111 643
78 965
31 899
19,690
6,757
8,855
19 721
18, 138
1 562
12, 606
3 510
8,541
756, 107
477, 947
265, 043
524, 442
280 128
232 779
493
r
19, 357
* 17, 802
' 1, 533
«• 13, 593
' 4, 175
r
8, 489
' 18, 717
' 17, 278
r
1, 418
r
9, 600
r
1, 345
r
7, 621
r
467
455
813
485
319
'804
r
'265
r
6,081
748
336
••545
« P 269
f 84, 286
' 57, 595
r
26, 026
6,552
r
r
r
556, 696
308, 596
232, 052
1,095
18, 078
1,591
16, 249
Revised.
» Preliminary.
1 Based on carlots; subsequent data, on 1. c. 1. shipments.
2 See last sentence of note "$".
§ Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
t Re visions for electric-power production for January-July 1952, respectively (mil. kw.-hr.): Total production—39,791; 36,795; 38,619; 36,754; 37,072; 36,117; 37,055; electric utilities, total—
34,227; 31,516; 33,055; 31,503; 31,827; 31,575; 32,589; by fuels—24,315; 22,066; 22,610; 21,540; 22,133; 22,422; 23,854; by water power—9,911; 9,450; 10,445; 9,963; 9,694; 9,153; 8,735; privately and publicly
owned—29,082; 26,747: 27,712; 26,588; 26,950; 26,524; 27,354; other producers—5,144; 4,769; 5,343; 4,915; 4,877; 5,051; 5,236; industrial establishments, total—5,564; 5,279; 5,564; 5,251; 5,244; 4,542; 4,466:
by fuels—5,100; 4,816; 5,059; 4,784; 4,750; 4,159; 4,142; by water power—464; 464; 505; 467; 495; 383; 324. Revisions for sales and revenue for January-July 1952 will be shown later.
d*Revisions for first 2 quarters of 1952 (units as above): Manufactured and mixed gas—customers—total, 7,954; 7,358; residential, 7,394; 6,837; indust. and comm., 556; 517; sales—total, 1,163;
814; residential, 786; 491; indust. and comm., 353; 309; revenue—total, 166,198; 121,368; residential, 121,626; 86,532; indust. and comm., 42,908; 33,839; natural gas—customers—total, 17,384; 17,971;
residential, 15,950; 16,537; indust. and comm., 1,414; 1,413; sales—total, 14,946; 11,155; residential, 6,484; 3,250; indust. and comm., 8,034; 7,522; revenue—total, 652,317; 435,986; residential, 420,545;
238,226; indust. and comm., 222,640; 190,034.
SUEVEY OF CURRENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-27
1952
August
September
October
1953
November
December
February
January
March
April
May
June
July
August
9,905
9,210
11, 104
9,458
8,905
11, 005
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
r
7,132
8, 637
Production
_
thous. of bbl
r
7,182
8, 162
Tax-paid withdrawals .
do
r
10, 597
11, 127
Stocks, end of month
do
Distilled spirits:
r
9,837
Production
__
thous. of tax sal _
6, 493
Consumption, apparent, for beverage purposes
15, 324
thous. of wine gaL . 13, 428
11, 509
8,006
Tax-paid withdrawals
thous. of tax gal
Stocks, end of month^.
do ._ ' 929, 039 921, 480
1,575
1,088
Imports . ... -.
.-thous. of proof gal__
Whisky:
Production
___ _ .. _ .thous. of tax gaL.
3,208
2,677
T
6, 204
3, 975
Tax-paid withdrawals
do
r
Stocks, end of month
- _ . __
do
754, 200
760, 084
1,443
979
Imports
-._
_ --thous. of proof gaL.
Rectified spirits and wines, production, total
8,585
thous. of proof gal__
'r 5, 958
7 504
Whisk v
do
4 798
Wines and distilling materials:
Sparkling wines:
Production
._.
thous. of wine gaL
62
100
Tax-paid withdrawals
_
do
112
78
Stocks, end of month
... do
1,467
1,518
29
Imports
do
40
Still wines:
Production
_
_ . _ _ __ __
do.
20, 940
1,741
11 993
8 440
Tax-paid withdrawals
do
Stocks, end of month
_ _ do
162, 350
153, 728
324
297
Imports
do
Distilling materials produced at wineries . .do. . .
49, 009
6,871
6,686
6,774
9,096
6,621
5,707
9 606
12, 265
10, 558
10, 321
18, 966
15, 013
898, 143
2,360
22, 785
10, 216
894, 492
2,204
13, 398
8 872
892, 357
1,183
3, 859
9 053
745, 181
1,826
3,683
8,312
737, 913
2,162
5, 782
5 676
735, 172
1,977
6 836
5 320
734 248
1,063
11,446
10 116
11, 536
10 455
7,732
6 614
90
158
1, 384
64
82
182
1, 274
86
66 382
13 822
219 565
513
124, 199
6,844
6, 852
10, 132
5,787
5,908
9, 598
20. 691
19, 463
15, 909
909, 081
2,048
6,191
5,630
9 789
7 683
6,658
10 324
8 167
7,198
10 720
7 791
7, 118
10 905
8,753
8,083
11, 062
9,548
12 539
12 116
11 812
11, 469
9,632
7,282
13, 597
9 124
890, 328
1,302
14, 785
11 311
887 827
1,735
15 277
10 785
886 619
1,469
16 139
10 799
884 315
1, 636
14, 686
10 839
881, 824
1, 594
r
14, 306
9 735
878, 764
1,521
9, 371
837, 616
6 939
5 307
733 138
1, 185
8 295
6 149
732 448
1,639
8 053
5 917
73l' 757
1,337
7 232
5 608
730 843
1,504
7 674
5 499
730 916
1,465
5 680
4 793
729 729
1,414
3 974
5 241
837 616
6,103
5 091
6,634
5 721
8,313
7 917
7,683
6 500
7,934
6 659
8,047
6 739
6,902
5 656
6,248
5 171
77
197
1, 139
96
151
97
1 183
33
73
68
1 178
23
101
88
1 185
40
1 343
1 386
1 427
44
46
25 764
12 333
233 390
589
55, 656
6 622
11 637
225 069
589
17. 406
2 442
10 303
215 550
396
2,786
1 265
9 963
205 265
295
722
1 212
12 161
191 805
478
1, 075
1 097
11 739
179' 567
1 221
10 938
169 669
1 126
9 804
158 739
249
86
39
486
1 561
151
101
409
534
82
67
148
98
1 435
876
7 098
152 280
453
674
1, 839
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
thous. of Ib
Stocks cold storage end of month
do
Price, wholesale, 92-score (New York)__dol. per lb._
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 , case goods:
Condensed (sweetened)
thous. of Ib
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous of Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
- -do
Evaporated (unsweetened)_ _ do
Price, wholesale, U. S. average:
Evaporated (unsweetened)
dol. per case-Fluid milk:
Production
.. __ _
mil. of Ib _
Utilization in mfd dairy products
do
Price, dealers', standard grade
dol. per 100 lb._
Dry milk:
Production:
Dry whole milk
..
thous. of lb__
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)- .. do._.
Exports:
Drv whole milkt do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food), U. S. average
dol. perlb__
r
r
102. 960 * 122, 585 ' 133, 995 r 156, 550 r 157, 010 r 138, 085
257 447 r 309 894
99 557
132 790
193 609
149 876
.668
.668
.659
.658
.656
.656
r 84 975 r 105 285 r H8 535 T 149 075 r 151 415 r 198 4f)0
r 59 935 r 78 875 r 92 625 r H8 645 T 121 645 r 102 000
218, 371
232, 255
313, 276
262, 606
373, 855 r 420, 281
979 886
186 776
201 425
231 594
339 812 r 385 445
3 559
4 912
4 944
2 121
4 183
4 503
108, 320
111 400
.737
94, 885
111 319
.732
89. 575
102 177
.716
76, 420
83 951
.699
95, 855
72 723
.678
112 370
85 340
253, 563
222 933
3, 502
99 235
73 905
262, 467
231 503
6,486
89 090
63 270
256, 885
225 317
5 939
78 110
53 290
242, 509
210
029
r
5, 734
84 840
55 330
238, 803
205 178
4' 454
r 37 025
r 58 375
227. 499
194 286
Q 982
.444
.465
463
. 457
431
427
422
411
407
408
406
405
3 650
277 300
3 250
243 500
3 725
208 000
3 275
167 100
4 575
171 750
5 050
170 600
4 550
160 000
4 300
201 750
4 480
243 500
5 350
322 600
3 775
327 600
9 gj5
264 500
7 482
480 266
8 354
508 805
7 190
493 073
7 519
447 175
8 320
382 563
8 662
313 741
10 154
262 904
9 489
238 043
7 849
°69 319
8 688
366? 926
9 579
475' 333
6 993
511 696
1, 665
9,029
1,484
5,764
1, 361
12, 342
1,071
7,740
365
6,539
2,334
8 956
1 527
7 785
2 423
11 106
1 969
8 827
2 718
13 439
539
14 848
2 916
11 957
106, 000
85 737
.670
119, 645
333 294
.661
m
QQ
OOfk
7QA
435, 061
OQQ
CQft
jne
2
0 on.
6.38
6.39
6.40
6.39
6.33
6.27
6.21
6.12
5.96
5.92
5.79
5.76
10, 238
4 062
5.43
9 126
3 553
5.54
8 664
3 247
5.65
7 891
2 769
5.70
8 389
3 250
5.63
8 706
3 458
5.50
8 533
3 346
5.40
10 100
4 059
5.27
10 854
4 522
5.05
12 610
5 435
4.92
12 349
11 508
4.87
4.98
5.06
9 900
70, 650
6 175
50, 590
5 475
45, 100
4 840
43, 000
5 840
65, 950
7 400
78, 000
7 150
80, 300
8 250
108, 700
8 100
124, 900
9 200
148, 400
9 390
142, 350
in 1 7n
113,200
91, 900
23 963
167 428
22 273
153, 762
20 212
135 177
17 009
124 553
15 181
127 715
15 411
132 265
12 844
128 820
I O OQ-I
H QOfi
154 334
159 895
100
2,921
5,824
2, 599
2,515
3 186
3,365
3 695
4,196
3 694
8,851
3 495
2,706
2 850
1,690
13 311
132' 555
5 371
2^260
3 824
8,073
3 394
7,832
2 920
5,131
14,323
.165
.167
,166
.166
.164
.163
.160
.158
.153
.149
.147
.146
306
238
1,432
6,221
5,578
26, 892
2,630
24, 941
92 489
2,748
20, 061
2,525
15, 265
2,671
10, 775
2,762
6,386
2,290
3,278
1,536
1,377
655
306
267
-128
130 487
K
409
5.81
QAA
4 °.78
.146
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu._
Shipments, carlot
no. of carloads_Stocks, cold storage, end of month.. thous. of bu_.
1
Citrus fruits, carlot shipments
no. of carloads. _
5,994
Frozen fruits, stocks, cold storage, end of month
thous. of lb-_ 578, 699
Frozen vegetables, stocks, cold storage, end of
month
thous of Ib
463 Oil
Potatoes, white:
Production (crop estimate)
thous. of b u _ _
Shipments, carlot
_
no. of carloads
12 341
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 Ib..
7.025
r
5,136
5,366
6,420
13, 256
10, 915
10, 891
11, 256
11, 332
12, 331
12, 317
556, 897
532, 993
493, 402
455, 479
481, 129
496, 233
449, 348
441, 235
456, 980
487, 259
530 091
576 522
569 974
534 933
494 893
450 265
41 Q 8QQ
OQA
23 101
20 694
94 871
1Q 3Q7
5.369
5.317
3.969
4.013
1
16 508
21 536
17 282
347, 504
18 300
6.188
4,792
5.481
4.971
Revised.
v Preliminary.
1 Estimate for 1952.
2 September 1 estimate.
^Revisions for January and February 1952 (thous. Ib.): 3,608; 3,332.
2 QQ A1 1
r
178
466
9, Oil
6,754
' 568, 132
591, 224
00 K
570, 078
T n ~ i ~AC\~
4.085
oc"ooo
2.917
11,803
' 2. 230
3.163
SUEVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1952
August
September
October
1953
November
December
February
January
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu
Barley:
Production (crop estimate)
do
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports, including malt
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per b u _ _
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 b u _ _
No. 3, yellow (Chicago). __
do
Weighted average, 5 markets, all grades
do
Oats:
Production (crop estimate)
mil. of bu
Receipts, principal markets
thous. of bu__
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports, including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per b u _ _
35, 649
38, 870
T
45, 105
1
56, 854
227, 008
7, 659
r
52, 516
«• 39, 353
6.877
7,005
48, 094
38, 306
33,654
30, 849
37 260
9,402
8,161
7.479
6,527
8 037
2 236 999
25 503
8,386
6,949
9 070
12 188
11, 264
8,613
8,294
17, 899
20, 085
132, 890
6,207
18, 989
16, 967
10, 717
7,555
5,960
4,367
3,829
13, 415
99, 177
4,237
11, 902
5,575
1,374
2,161
2,556
1,096
1,064
25, 567
1,018
1.709
1.648
1.626
1.480
1.631
1.545
1.598
1. 505
1.612
1.457
1.581
1.456
1.495
1.395
1.521
1. 459
1.538
1.446
1. 531
1. 387
1.440
1.265
10, 194
18, 206
11,006
21, 567
12, 095
48, 645
10, 769
56, 549
3, 307
9, 965
33, 489
16, 700
22, 037
10, 336
18. 195
11, 373
21, 403
11, 406
19, 601
11, 134
20. 621
24,690
18, 186
171.4
5, 275
31, 204
60, 880
21, 740
15, 774
' 7, 317
r 16, 045
37, 288
1, 466. 4
' 9, 013
29, 840
2,854
8,773
12. 492
11, 939
9,381
(4)
1.808
1.764
(4)
1.760
1.716
1.962
1.586
1. 571
22, 030
10, 705
30, 814
34, 204
1, 006, 932
57, 396
3
960
1.420
1 236
1. 511
1 374
9 772
24,231
2 3 216
10 629
25 Oil
10 218
9 459
1
17, 167
319
.865
3
51, 032
46, 101
16, 087
r 7, 633
2.135
1.575
1.569
2.109
1.630
1.597
2.081
1.605
1.573
(4)
1.551
1.525
2.095
1.562
1.540
(4)
1.573
1.557
(4)
1. 600
1. 578
(4)
1.546
1.522
(4)
1 579
1.511
(4)
1 603
1. 550
5, 573
4, 735
i 1, 268
13, 979
6, 708
6,884
6,796
4,714
4,854
7,780
17, 033
2 i 206
24, 375
25, 041
791, 661
12, 734
456, 956
11, 740
11, 958
10,828
'
3 220, 067
328
358
18 348
22 94 r>
995.3
30, 140
26, 546
21, 592
19, 819
223
311
278
279
238
261
935
286
.920
.907
.904
.919
.881
.800
.797
.782
.772
.752
.760
88, 012
69, 705
89, 398
78, 442
90, 896
96, 375
49,060
72, 663
76, 436
63.242
78, 020
55, 941
79, 454
49 364
r
815
3, 285
1. 861
328
2,917
1. 914
452
.770
i
' 48 660
110, 166
93, 444
154, 481
66, 808
90, 015
80, 077
62, 143
74, 247
48, 063
48, 982
44,537
49 517
6 282
219, 191
276, 817
127. 747
225, 283
61. 571
175,366
17, 044
73, 162
8,169
106, 741
9.937
147, 581
15, 567
131, 382
6,261
84, 077
450, 783
127 449
829, 159
203, 922
. 108
699, 757
199,698
.108
550, 827
80. 638
. 108
482, 864
370. 233
113, 180
.124
235. 052
62. 057
.124
111,633
63, 625
.124
29, 640
124,125
188 443
321
2,685
1. 831
239
2,254
1.751
1,488
3, 373
1.614
1,201
3.627
502
3,630
I. 516
1.388
1, 136
3, 755
1.268
995, 513
149, 231
.106
r
302
2, 698
1.978
15, 910
2,470
2,892
1. 920
1,1 291. 4
mil of bu
238 6
1
1, 052. 8
Winter wheat
do
23, 399
23, 372
43. 666
15, 809
23, 804
21, 383
59, 153
Receipts, principal markets
thous. of bu..
249, 807
211. 636
Disappearance
do
Stocks, end of month:
261. 241
265, 465
251,212
224, 407
242, 463
237, 465
190, 469
Canada (Canadian wheat)
do
1, 344, 121
1, 103, 275
United States, domestic, total d"
do
"308,618" 313. 561 ~~293~700~ "276," 075" 259, 257 "240.' 968" "231,647"
Commercial
- -. do
Interior mills, elevators, and warehouses
311 752
365 177
thous of bu
150. 243
128, 199
Merchant mills
do
399, 412
510. 819
On farms
do
26,
831
*
29. 785 ' 34, 816 29, 298
27,
154
33,
051
20,
149
Exports total, including f l o u r _
_ _ _ _ _ _ .do _.
r
' 30, 879 25, 586
24, 544
23, 385
22, 744
29, 193
16, 146
Wheat only
do
2. 470
2.409
2.288
2.474
2. 504
2. 416
2.329
2. 519
13,815
54 191
107, 170
r
114,383
.121
245
2,320
1.753
.124
1
2.447
2.323
2.211
2.413
2 ^fl 417
369, 394
316, 100
1
1.770
3,210
1.951
11, 033
62, 039
2, 173. 2
' 22, 554
Wheat:
Production (crop estimate) total
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per b u _ _
No 2, hard winter (Kansas City) - __ _ do
No 2 red winter (St. Louis)
do_.
Weighted avg., 6 markets, all grades
do
r
23, 234
Rice:
Production (crop estimate)
thous of bags 9
California:
23, 302
12, 593
177, 837
Receipts, domestic, rough
thous. of l b _ _
41, 993
3,298
61, 546
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
12. 153
7,276
65, 882
of month
thous of Ib
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills
thous. of l b _ _ 320, 328 1, 098, 656 1, 338, 113
5 102, 469
338, 871
361, 716
Shipments from mills, milled rice§ do
Stocks, domestic, rough and cleaned (cleaned
176, 842
595, 654 1, 104, 889
basis), end of month
thous. of Ib
51, 859
199, 214
101. 657
Exports
. .- -- --do -.
.105
.104
.105
Price, wholesale, head, clean (N. O.).dol. per lb._
Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets
_
do
Stocks, commercial, domestic, end of month. _do
Price, wholesale, No. 2 (Minn.)
dol. per bu..
r
' 40, 301
2.541
2.458
2. 306
2.567
2. 533
2.445
2.329
2.568
2.490
2.402
2.380
2. 530
2.492
2. 358
2.355
2. 505
|
.093
2 17 452
1 916
4,288
1. 249
19, 833
263, 986
25, 917
27. 035
79, 993
283, 265
103, 118
2 i 169 3
2 291 0
2 gys 3
38, 907
272, 551
840, 836
268, 135
255, 780
239, 783
3 559, 349
267, 564
285 924
217,258 "211," 909" "205,929* 3 239, 330 ""§42,428 "§51 632
246, 186
101, 691
268, 440
35, 586
32, 491
2.521
2.395
(4)
2.551
28, 151
24, 725 :
2.529 j
2.387 i
2.270
2.529
19, 769
15. 985
2. 558 :
2. 355 i
2. 145
2.530
3 180, 407
3 58, 408
3 72, 840
17, 535
13, 352
2. 492 '
2. 036 !
1.793 i
2.265 !
26, 467
23, 036
2. 443
2. 086 I
1. 808 i
2. 202 !
2. 474
2. 175
1. 822
2. 439
Wheat flour:
Production:
17, 695 i
18, 035
19, 783 1
17, 351 ;
17,041
18, 565
18, 720 1
19, 177
19, 714
21, 081
18, 671
18. 990
18,177
Flour..
thous. of sacks (100 l b . ) _ _
78.0
73.5 !
78.8 i
76.6
87.3 ;
79.0
82.3
82.7 !
88.9
79.3
81.1
75.6
84.7
Operations, percent of capacity
_-.--_. _
r
!
356,
570
363,
955
j
341,
898
347,
478
397,
704
!
336,
676
424.
466
380,
119
371,059
396,
826
377,
270
386,
219
364,
650
Offal
short tons
40, 904 i
41, 767
45, 968
42, 903
40. 103
39, 435
43, 344
45, 901
49, 088
44, 698
43, 458
44, 107
42, 198
Grindings of wheat
thous ofbu
Stocks held by mills, end of quarter
i
4, 544
4,093
1
4 834
4 152
thous of sacks (100 Ib )
r
1, 624 i
1,471 !
1, 795 !
1, 690
1,593
1,328
1, 656
1, 472
1,479
1, 893
1,718
2, 250
Exports
do
I
Prices, wholesale:
Spring, short patents (Minneapolis)
5. 935
6.075
5.980 '
5.765 !
5. 855
5.550
' 5. 925 P 6. 130
5. 635
5. 830
5. 825
5.505 !
5. 390
dol. per sack (100 Ib.)- 5. 675
5. 675
5. 525
5.425
5. 675 ;
5. 150 1 r 5. 275
5.500
5. 625
5.225 i
5. 525
v 5. 527
5. 375
Winter, hard, short patents (Kansas City) .do
r
2
Revised.
*>
Preliminary.
i
Estimate
for
1952.
September
1
estimate.
3
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
* No quotation.
* See note "§."
9Bags of 100 Ib.; prior to this issue of the SURVEY, data were shown in thous. of bu. of 45 Ib.
§Data through July 1952 reflect adjustments for certain intermill transactions; July 1952 figure comparable with data beginning August 1952 is 108,570,000 Ib.
cfThe 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 CURKENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-29
1952
August
Septem-
October
1953
November
December
January
February
March
April
May
July
June
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 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago).
dol. per 100 lb_.
Steers, stocker and feeder (Kansas City). -do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals. _
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per!001b._
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hogSheep and lambs:
Slaughter (federally inspected)
thous, of animals .Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States __do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 Ib-Lambs, feeder, good and choice (Omaha). -do
426
1,135
2,078
'347
496
1,215
2,641
'577
602
1,390
3,143
' 1,117
510
1,151
2,379
'691
523
1,252
2,023
'263
453
1,313
1,877
'192
422
1,170
1,609
'86
535
1,299
1,952
'124
541
1,371
2,019
'161
504
1,345
2,055
'160
586
1,450
2,440
'184
32.52
25.17
32.00
32.19
23.57
31.50
32.09
22.76
33.00
31.37
22.31
33.00
28.77
20. 50
29.00
26.04
21.73
30. 50
23.41
20.91
33.50
21.98
21.19
29.00
21.50
19.91
25.50
21.83
19.80
27.50
21.73
15.22
19.50
3,592
2,203
4,290
2,540
5,492
3,099
5,772
3,326
7,251
4,233
6,267
3,571
4,550
2,562
4,962
2,785
4,325
2,358
3,643
2,031
3,607
2,119
19.98
19.11
18.55
16.76
16.52
17.98
19.39
20.50
21.88
23.54
11.9
11.1
12.1
11.4
10.7
12.0
13.5
13.8
14.2
15.5
1,020
1,455
'507
1,243
2,119
'750
1,427
2,228
••830
1,069
1,289
'335
1,218
1,267
'215
1,289
1,295
'158
1,088
1,038
'90
1,190
1,173
'122
1,100
1,115
'99
28.62
24.63
25.50
23.10
23.88
21.25
22.62
20.50
21.62
19.18
21.50
20.52
22.38
20.01
23.12
20.83
1,395
1,527
1,819
1,742
2,127
1,999
1,572
1,712
••701
50
••587
37
'557
55
'693
59
'922
59
1,038
65
1,043
63
990
55
929
55
669, 445
167, 437
1,240
713, 624
184, 158
1. 150
801, 489
214, 594
1,365
662, 271
252, 306
1,153
734, 974
286, 299
1,319
775, 091
287, 258
877
701, 489
274. 457
1,272
779, 450
256, 439
1,368
826, 083
234, 891
1,794
616
1,498
'2,258
211
602
1,494
2,559
265
24.26
16.75
23.00
24.79
15.78
. 23. 52
3,276
1,837
3,396
1,867
23.24
23.29
22.97
15.5
16.5
15.9
1,015
1,147
'131
1,055
1,108
'102
1,108
1,159
136
1,158
1,483
291
24.00
(9
25.12
0)
25.50
0)
25.38
17.94
23.38
17.78
1,649
1,537
1,617
1,579
1,525
818
50
749
46
'638
50
537
812, 729
210, 274
1,965
859, 894
190, 408
2,848
r
r
MEATS
Total meats (including lard) :
Production (inspected slaughter)
mil. of lb-_
Stocks (excluding lard), cold storage, end of month §
mil. of lb_Exports
do
Beef and veal:
Production (inspected slaughter)
thous. of lb_.
Stocks cold storage end of month
do
Exports
do
Price, wholesale, beef, "fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per lb_.
Lamb and mutton:
Production (inspected slaughter)
thous. of lb__
Stocks cold storage, end of month
do
Pork, including lard, production (inspected
slaughter)
thous. of Ib
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
. do
Exports
do
Prices, wholesale:
Hams, smoked, composite
dol. per lb_.
Fresh loins, 8-12 Ib. average (New York) .do
Lard:
Production (inspected slaughter)
thous. of lb_.
Stocks, dry and cold storage, end of month f_do
Exports
_
..
- do __
Price, wholesale, refined (Chicago) __dol. per lb._
r
877, 290
163, 626
3,073
860, 476
155, 136
.559
.562
.556
.545
.514
.477
.432
.392
.382
.385
.387
.426
.432
43, 880
11,318
52, 839
12, 553
61, 726
16, 002
47, 505
17, 580
56, 616
21,912
61, 371
20, 816
53, 166
23, 670
58, 129
19, 945
52, 458
17, 493
46, 755
14, 720
44, 558
13, 461
47, 324
10, 410
49, 401
9,147
681, 587
760, 409
955, 425 1, 031, 841 1, 335, 205 1,162,504
816, 995
874, 686
770, 875
677, 203
712, 978
654, 193
614, 699
506, 990
407, 558
5,892
571, 228
290, 931
5,673
715,279
234. 894
5,768
765, 850
319, 643
7,386
984, 200
489, 152
8,742
841, 949
595, 546
8,605
601, 403
604, 813
9,983
650, 145
569, 204
7,745
570, 190
538, 025
5,210
502, 422
459, 755
6,392
533, 230
414, 227
6,768
489, 360
350, 825
6,694
469, 818
268, 257
.616
.612
.571
.569
.569
.515
.552
.449
.559
.402
.581
.424
.595
.464
.602
.479
.592
.523
.619
.567
.650
.576
.683
.597
f.675
.570
127, 696
167, 718
37, 288
.138
138, 047
143, 223
26, 611
.143
175, 664
111,912
43,043
.143
194, 381
136, 610
46, 638
.133
256, 269
210, 994
44, 347
.113
234, 448
241, 760
50, 867
.120
157, 799
241, 890
45, 881
.125
164,072
239, 009
39, 862
.135
146, 255
225, 936
40, 675
.135
128, 166
200, 621
33, 841
.150
130, 863
169, 311
28, 908
.140
120, 175
109,342
23, 192
'.163
105, 809
55, 637
64, 955
182, 786
81, 748
279, 191
74, 618
294, 424
70, 745
278, 595
38, 884
261,072
34, 125
220, 606
39, 046
174, 243
40, 934
140, 371
44, 435
123, 485
46, 431
117, 876
46, 075
' 112, 460
46,364
126, 574
r
r
J>. 183
POULTRY AND EGGS
Poultry:
Receipts 5 markets
thous. of Ib
52, 536
Stocks, cold storage, end of month
_do
144, 508
Price, wholesale, live fowls, heavy type, No. 1
.235
(Chicago)
- --dol. per IbEggs:
4,125
Production, farm
millions. .
1,140
Dried egg production
thous. of lb__
Stocks, cold storage, end of month:
2,169
Shell
thous. of cases _.
144, 326
Frozen
thous of Ib
Price, wholesale, extras, large (Chicago)
.553
dol. per doz. .
.225
.250
.263
.310
.318
.333
.345
.325
.245
.275
*.255
4,081
1,069
4,371
758
4,480
957
5,037
685
5,441
442
5,328
1,168
6,298
2,120
6,094
2,131
5,872
2,453
5,051
1,914
4,642
2,088
4,346
1,959
1,709
123,661
1,000
95, 333
393
72, 462
153
50, 176
120
34, 980
248
42, 419
375
65, 201
816
98, 978
1,431
132, 294
1,513
159, 755
' 1, 199
' 152, 835
826
133, 742
.553
.631
.560
.489
.454
.443
.495
.497
.486
.517
.531
.587
100,000
113, 845
101, 501
102, 603
87, 060
83, 063
81, 213
77, 096
63, 522
56,041
48, 895
63, 779
8,705
.333
4,210
.340
13, 272
.318
37, 144
.308
32, 530
.318
' 24, 705
.300
21, 775
.328
27,425
.339
' 28, 493
.334
26, 164
.346
20,859
.385
1,601
1,045
889
1,869
1,456
846
611
1,615
1,450
893
529
' 1, 396
1,453
817
691
••2,207
1,269
788
712
' 1, 841
1,160
757
776
1,815
1,374
776
700
' 2, 249
999
526
634
2,149
860
411
511
1,256
1,149
685
666
1,278
860
361
531
1,470
1,286
744
582
.245
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salest- -thous. of dol. . 61, 370
Cocoa:
9,043
Imports
long tons
.354
Price, wholesale, Accra (New York) .. dol. per lb_.
Coffee:
1,455
Clearances from Brazil, total
..thous. of bags..
924
To United States
.
.. _. do
605
Visible supply, United States
- -do
1,454
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb__
.548
Fish:
64, 754
Landings fresh fish 5 ports
thous. of Ib
Stocks, cold storaee. end of month
... do
183. 826
p. 386
.545
.540
.535
.538
.540
.553
.618
.573
.553
.560
'.593
*.616
54, 114
190. 493
49, 126
200. 944
31, 529
210. 658
26, 363
192. 818
20, 492
170,263
23, 689
142. 040
31, 514
119,099
34,911
109, 189
47, 314
113, 581
75,903
142, 655
75, 392
169, 686
176, 680
l
' Revised.
* Preliminary.
No quotation.
§Comparable data for January-July 1952 are as follows (mil. Jb.): 1,096; 1,210; 1,242; 1,231; 1,095; 1,029; 850.
t Revised series.
Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to June 1952
will be shown later.
J Revisions for 1952 are shown in the August 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1953
1952
August
September
October
November
December
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons
Entries from off-shore
do
Hawaii and Puerto Rico
do
'3,635
3,320
2,895
2,620
2,170
1,970
2,679
3,801
4,906
4,676
4,364
3,908
3,21&
9 971
573, 936
177, 671
91, 126
725, 621
237,299
602, 545
387, 590
273, 166
732 540
226, 961
108, 362
388, 838
194, 722
123, 853
69 484
469, 755
149, 498
34 014
398, 576
143, 730
37 407
627, 988
192, 443
59 948
854, 355
248, 129
12 283
530, 430
235, 756
51, 262
628, 878
180, 490
26, 860
607, 226
234, 674
37, 059
614, 988
182, 958
744, 355
742, 146
2,209
680, 035
677, 919
2,116
519 868
518, 373
1,495
596, 070
593, 793
2,277
576, 630
574, 789
1,841
546, 884
545, 674
1,210
878, 155
876, 548
1,607
588 583
587, 001
1 582
599 440
597, 627
1,813
790,640
779. 785
10, 885
886, 890
885,168
1,722
777. 061
776, 106
955
697
649
1,045
12, 376
1,518
625
1,602
527
1, 587
377
1,513
10, 356
1,306
441
1,392
685
1, 423
9,095
1,312
14,326
1,103
11,473
966
305, 205
240, 343
63 861
124, 473
96, 836
17, 875
••270,596
260, 306
205, 264
178, 519
' 59 642 81 667
361,182
303, 479
55 438
341, 775
274, 851
62 664
325, 791
222, 582
93 039
393, 731
221, 650
165 748
339, 220
238, 565
91 880
43 038
41, 012
46, 738
43,590
40, 675
35, 160
2 618
0
7,198
350
46 834
39,549
55 961
48, 433
54 782
46, 720
40 271
40, 226
38 937
37 178
dol. perlb..
.064
.065
.066
.064
.060
.060
.062
.064
.064
.064
.064
.064
P. 064
-.. dol. per 5 Ib.
dol. perlb..
thous. of lb__
.494
.086
8,094
.495
.086
9,506
.495
.086
7,430
.495
.086
5,530
.494
.085
6,931
2 r. 495
.085
10, 466
'.493
.083
7,949
'.490
.086
10, 590
'.495
.086
11, 141
.495
.086
7,943
'.495
.086
9,215
.498
.086
7,506
.500
v. 087
' 736 306
Deliveries total
do
r
732 998
For domestic consumption
. do
3,308
For export
do_
Stocks, raw and refined, end of month
thous. of short tons..
831
1
Exports
.
short tons
2, 525
Imports:
1
Raw sugar, total
..
- -do
346, 907
245, 485
From Cuba
do
*83 858
From Philippine Islands
do
Refined sugar, total
From Cuba
_
Prices (New York):
Raw, wholesale
Refined:
Retail
-Wholesale
Tea, imports
do
-- - do
--
TOBACCO
Leaf:
Production (crop estimate)
mil. of lb__
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
Manufactured products:
Production, manufactured tobacco, total do _
Chewing, plug, and twist
do
Smoking
do
Snuff
. _-.
-.
do_.
Consumption (withdrawals) :
Cigarettes (small) :
Tax-free
millions
Tax-paid
do
Cigars (large), tax-paid§
thousands
Manufactured tobacco and snuff, tax-paid §
thous. oflb_.
Exports, cigarettes _
millions
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination
dol. per thous_.
120, 331 ' 158, 151
102, 213 T129, 183
25, 224
9 599
37 924
32, 493
28 173
25, 614
4
3 2, 255
3,951
4 491
4 498
2, 035
4 035
362
341
391
368
3,410
3,963
3 922
3 472
19
168
r 36, 934
7 736
30, 746
8 918
22 900
r
8 291
19
167
41 020
9 085
50 103
7 961
35 682
8 787
18
177
33 263
9 578
24 649
7 662
9 620
18
161
50,451
r
9 174
18 554
7,011
8 373
3,170
20, 051
7,366
9,406
3,279
21, 342
7,936
9,781
3, 625
16, 123
6,378
6,843
2,903
16, 369
6,469
6,662
3,237
16,683
6,394
6,893
3,396
16, 385
6,638
6,639
3,108
17, 947
7,138
7,458
3,352
18 326
6, 935
8.064
3,328
17 806
7,246
7 494
3,066
18 170
7,347
7,430
3,393
15 999
7,194
6 300
2 504
4,366
35 972
492, 613
4,325
34, 950
498, 518
4,294
37, 372
548, 196
3,408
30 386
528, 081
2,859
30, 066
448, 045
2,649
32 498
431, 158
2,394
32 212
542, 594
3,856
34 105
469, 164
2,703
31 607
477, 520
2 658
30 587
507, 629
3 130
33 304
501, 499
3 339
29 914
463 787
29 957
489 729
18, 455
1,810
19, 315
1,266
20, 791
1,304
15,653
1,244
15, 786
1,626
16, 804
1,306
15, 480
1,348
17,056
1 813
17,887
1,331
17, 488
1 482
17, 812
1 119
15, 862
1 321
15, 939
3.555
3.555
3.555
3.555
3.555
3.555
3.555
3.938
3.938
3.938
3.938
3.938
3.938
11, 264
13, 093
18, 407
18, 166
20,258
'268
47
15, 602
2 731
3 168
.513
'.158
1
34 730
r
' 42, 072 'r 43, 793
8 025
'9 585
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb_.
Calf and kip skins
thous. of pieces
Cattle hides
do
Goat and kid skins
._
do
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9^i/15 lbs__ dol. per lb__
Hides, steer, heavy, native, over 53 Ibs
.do
16, 003
209
75
2 648
2,520
' 11, 965
194
90
2 804
' 1, 105
' 13, 761
97
45
2,796
'2,064
.450
.175
.475
.160
.488
.160
'8,918
142
21
' 14, 147
182
50
12, 429
137
20
72
38
217
41
123
31
253
21
' 2 307
720
3,771
1,195
3 673
1,392
r 2 464
1,431
2 870
3 055
3 032
3^826
4,629
.513
.170
.488
.165
.488
.120
.550
.137
.563
.128
.513
.138
.613
.153
.625
.150
1^759
4,466
187
121
1^688
». 513
».171
LEATHER
Production:
967
994
Calf and kip
thous. of skins. _
913
1,045
930
857
846
849
'827
936
871
685
2,224
2,102
1,910
1,881
1,963
2,123
2 133
Cattle hide
. . thous. of hides
2,006
2 117
2,020
'1 998
1 815
2,985
2,709
2,287
2,330
2,937
2,572
2,802
Goat and kid __-.
.thous. of skins. _
2,979
3,172
2,922
' 3, 121
2 828
2,711
2,551
2,942
2,442
2,244
Sheep and lamb _
. _ _
do
2 103
2,368
2,319
2,215
2 435
2 618
2 520
Exports:
Sole leather:
39
25
24
65
Bends, backs, and sides
thous. of lb__
75
57
82
42
23
24
23
65
51
92
43
Offal, including belting offal
_ _ do
45
13
96
33
76
73
55
53
75
Upper leather
thous. of sq. ft__
2,288
3,125
2,512
2,818
2,798
2,743
3,000
4,002
3,959
3,492
2,996
2 825
Prices, wholesale:
.705
Sole, bends, light, f. o. b. tannery
dol. per lb._
.695
.690
.685
.705
.710
.680
.725
.690
.680
.720
'.690
P. 690
Upper, chrome calf, B and C grades, f. o. b. tan.987
.938
.955
.968
.890
.928
nery___
_
dol. per sq. ft._
1.013
1.125
1.000
1.007
1.127
' 1. 082
v 1. 042
'1 Revised.
*> Preliminary.
Unpublished revisions for 1952 are as follows: Sugar exports (short tons)—May, 32,995; June, 31,807; raw sugar imports (short tons)—March, total, 398,577; from Philippine Islands, 91,394;
tobacco
exports (thous. Ib.)—April, 18,332.
2
Revised beginning 1953 to represent price for New York and Newark for January-June; thereafter, for New York and northern New Jersey.
3 Estimate for 1952. * September 1 estimate.
§ Revised to represent data based on number of stamps used by manufacturers, except for the latest month which is based on stamps sold to manufacturers; revision priors to May 1952
will be shown later.
SUKVEY OF CURKENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-31
1952
August
Septem-
October
1953
November
December
January
February
March
April
May
June
July
August
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total
thous. of pairs
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By types of uppers :cf
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, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide
upper, Goodyear welt
1947-49=100
Women's oxfords (nurses'), side upper, Goodyear welt
1947-49 = 100
Women's and misses' pumps, suede split, .do
46, 552
44,100
46, 341
38, 932
42, 033
45, 268
44, 872
48,723
44,968
41, 858
40,824
40, 297
40, 703
37, 842
39, 185
32, 659
37, 303
41, 778
40 967
44 079
40, 193
36, 979
35,790
34, 972
36, 385
4,318
33, 906
3,936
35, 057
4,128
29, 080
3,579
32, 750
4,553
36, 278
5,500
35, 336
5 631
37, 520
6 559
33,898
6 295
31, 986
4,993
31, 745
4 045
31, 630
3 342
8,986
1 949
21, 910
5 135
2,723
5 249
8,775
1 826
19, 419
5 040
2,782
5 638
'264
9,339
1 709
19, 446
5 553
3,138
6 442
9,010
1 539
18, 028
5 585
3,141
4 161
8,953
1 558
21, 718
6 257
3,292
2 946
8,745
1 515
21, 005
6 298
3 404
3 369
9 125
1 622
22 945
6 527
3 860
4 059
8,979
1 474
20 765
5 436
3 539
4 271
8, 532
1 574
18, 490
5 139
3,247
4 375
8,136
1 595
18, 161
5 077
2,821
4 533
7,560
1 637
18, 687
4 603
2,485
4 790
356
386
286
428
433
7,866
1 442
15, 580
4 882
2,889
5 668
108.5
108.5
108.5
109.0
110 3
110.3
110 3
110 3
110.3
110.3
110.3
110.3
pllO. 3
113.3
112.9
113.3
112.9
113.3
112.9
114.5
112.9
117.1
113.4
117.1
113.4
117.1
113.4
117 1
113.4
117.1
110.7
117.5
110.7
118.1
.110. 7
118.1
110.7
•p 118. 3
v 110. 7
62, 158
195, 457
47, 247
238, 076
58,631
219, 381
53, 192
242, 183
53, 765
270, 350
53, 037
253, 021
234
366
331
237
368
346
229
340
305
226
318
293
238
298
388
265
320
468
279
225
353
280
224
348
258
243
253
269
266
313
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products
M bd. ft
Imports, total sawmill products
do
National Lumber Manufacturers Association:©
Production, total
mil. bd. f t _ _
Hardwoods
_
do
Softwoods
do
Shipments, total
do
Hardwoods
_____
do
Softwoods
do
Stocks, gross (mill and concentration yards) , end
of month, total
mil. bd. f t _ _
Hardwoods
._
_. do
Softwoods
do
SOFTWOODS
Douglas fir:
Orders, new
_
do
Orders, unfilled, end of month
.
do
Production
_
do
Shipments
do
Stocks, gross, mill, end of month
do
Exports, total sawmill products
M bd ft
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4", R. L.
dol. perMbd. f t _ _
Flooring, B and better, F. G., 1" x 4", R. L.
dol. p e r M b d . ft..
Southern pine:©
Orders, new
mil. bd. f t _ _
Orders, unfilled, end of month
_ do
Production
do
Shipments
do
Stocks, gross (mill and concentration yards), end
of month
mil bd ft
Exports total sawmill products
M bd ft
Sawed timber
do
Boards, planks, scantlings, etc
_ do
Prices, wholesale, composite:
Boards, No. 2 and better. 1" x 6" x R. L.
dol. per M bd. ft__
Flooring, B and better, F. G., 1" x 4" x S/L
dol. p e r M b d . f t _ _
Western pine:
Orders, new
mil. bd ft
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 com-
mon, 1" x 8"
dol. per M bd. ft__
40, 949
48, 534
227, 340
255, 581
f 3, 459
'708
' 2, 751
r 3, 382
'659
' 2, 723
' 3, 532
••704
r
2, 828
' 3, 526
'689
' 2, 837
' 3, 574
'695
' 2, 879
r 3, 599
'723
' 2, 876
' 3, 074
'694
' 2, 380
' 3, 077
'711
' 2, 366
' 2, 860
'620
' 2, 240
' 2, 882
'633
' 2, 249
'2,977
'660
' 2, 317
' 3, 043
'708
' 2, 335
' 2, 945
'680
' 2, 265
' 2, 955
'741
' 2, 214
••3,288
'841
' 2, 647
' 3, 374
'786
' 2, 588
' 3, 521
'660
' 2, 861
' 3, 589
'806
' 2, 783
'3,204
'545
' 2. 659
' 3, 311
'704
'2,607
3,428
622
2.806
3,408
688
2,720
3,337
674
2,663
3,207
647
2,560
3,437
765
2,672
3,218
661
2,557
' 8, 349
' 3, 244
' 5, 105
r
g 355
' 3^ 259
' 5, 096
' 8, 331
' 3, 231
5,100
' 8, 327
' 3, 214
5, 113
' 8, 306
' 3, 201
5,105
' 8, 221
' 3, 153
' 5, 068
' 8, 211
' 3, 092
' 5, 119
' 8, 125
' 2, 947
' 5, 178
' 8, 090
' 2, 801
' 5, 289
' 7, 951
' 2, 642
' 5, 309
7,739
2,576
5,163
7,851
2,604
5,247
8,068
2,708
5,360
835
893
912
917
961
36, 450
12, 369
24, 081
890
780
959
1,003
917
18, 856
7,268
11, 588
925
756
923
949
892
15, 843
7,462
8,381
823
811
812
764
948
16, 455
4,984
11, 471
'910
'888
'860
'829
'978
' 22, 029
' 6. 693
15, 336
'862
921
'848
'820
' 1, 007
17, 815
6.663
11, 152
'971
925
'966
'952
' 1,021
22, 393
6,800
15, 593
1,032
925
942
978
1,018
30, 276
14, 691
15, 585
814
894
885
863
1,008
29, 067
16, 245
12, 822
847
838
883
888
1,002
18, 058
7,138
10,920
811
878
751
759
982
21, 390
12, 528
8,862
693
786
789
776
995
67, 746
200, 342
'44,358
241, 379
774
753
785
111
899
' 14, 105
4,156
' 9, 949
'60,595
243, 479
'54,326
189, 269
86. 436
86. 576
86. 576
86. 310
84. 945
84. 665
84. 105
83. 405
82. 845
79. 009
78.064
120. 418
120. 418
120. 418
122. 051
124. 460
124. 460
125. 105
126. 232
127. 049
126. 396
126. 396
' 126. 085
f 126. 085
759
365
705
720
776
372
747
769
802
376
787
798
677
372
670
681
599
295
708
676
758
320
767
733
692
350
700
662
752
356
767
746
803
383
830
776
739
376
754
746
709
344
767
741
714
306
764
752
673
287
707
692
1,574
5, 985
1,351
4,634
1,552
5,317
1,152
4,165
1,541
4,300
1,104
3,196
1,530
6,163
1,776
4,387
1,562
11, 517
1,529
9,988
1,596
9,345
1,327
8,018
1,634
7,379
3,016
4,363
1,655
5,821
1,621
4,200
1,709
5,123
1,139
3,984
1,717
5,262
1, 335
3,927
1,743
5,590
1,126
4,464
1,755
7,981
2,619
5,362
1,770
80.260
81. 483
81. 572
81. 921
82. 113
81. 402
81. 180
80. 675
80. 487
79. 439
78. 748
156. 604
' 157. 829
p 157. 545
' 77. 252 v 76. 989
' 78. 227 v 11. 679
158. 322
158. 358
158. 971
158. 971
158. 971
159. 583
159. 706
159. 360
158. 748
156.604
737
656
730
687
1,758
719
675
702
650
1,810
737
657
740
706
1,844
592
614
572
561
1,855
614
628
462
550
1,767
610
670
426
518
1,675
531
657
429
444
1,660
586
643
554
550
1,664
653
665
676
631
1,709
646
650
629
611
1,727
718
679
746
688
1,557
714
400
761
685
1, 633
664
355
782
711
1,704
83.54
83.23
81.55
81.31
82.65
83.61
83.64
84.07
85.00
85.04
84.92
' 83. 26
v 83. 26
283, 827
276, 444
102,029
295, 381
292, 584
104, 049
307, 321
306, 791
104, 894
237,048
241, 589
100, 925
270, 059
272, 669
96, 916
289, 083
290, 689
97, 619
302, 975
301, 638
99, 103
339, 259
338, 115
100, 073
351, 913
344, 257
107, 562
334, 309
335, 972
106, 057
345, 269
341,083
110, 662
278, 835
275, 499
113, 570
SOFTWOOD PLYWOOD J
Production
thous of sq ft , %" equivalent
Shipments
do
Stocks find of month
do
HARDWOOD FLOORING
Maple, beech, and birch:
4,275
5,250
5,075
4,150
4,525
4,850
3,650
4,300
4,400
3,800
3,900
4, 050
3,450
Orders, new
M bd. ft
9,800
10, 450
9,325
9,500
10, 050
10,350
9,900
9,650
9,600
9,600
Orders, unfilled, end of month
do _
9,650
9,650
9,500
3,100
3, 875
3,950
4,150
3,500
4,200
4,000
3,900
4,200
3.200
Production
do
3,900
3, 900
4,000
5,150
4,125
4,300
4,350
4,050
4,250
4, 050
3,550
3', 350
3,800
3,650
Shipments _
do
4.250
2,950
8,025
Stocks, mill, end of month
do
7,650
8,950
10,100
10,600
10, 525
10, 175
10, 000
10, 275
9,675
8,650
10, 200
10, 550
' Revised.
p Preliminary.
d*The figures include a comparatively small nu mber of "o ther footw ear" which is not sho wn separa ;ely from s hoes, sand;Us, etc., in the distrit>ution by t ypes of upr>ers; there are further
small differences between the sum of the figures and the totals i or shoes, stindals, anc play shoe =5, because 1u he latter, iind also th e distribut ion by kin(Is, include small revisions not a\ ailable by
types of uppers.
©Revised monthly data for January 1950-July 1952 are ava liable upoii request.
JReviskms for 1952 appear in the Augus1 1953 SURVTEY.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1952
August
September
1953
October
November
December
January
February
March
April
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
75, 162
61, 721
80, 074
81,531
75, 371
81, 178
61, 132
82, 021
84, 132
73, 260
87,303
57, 998
91, 034
94, 691
69, 603
63,707
50, 843
76, 794
74, 393
72,004
73,232
56, 093
72, 716
67, 982
76, 738
89, 979
66, 898
78, 157
78, 556
76, 339
87, 638
76, 823
72, 283
77, 265
69, 323
98, 269
86, 161
79, 615
85, 226
62, 064
84, 222
86, 584
84, 371
88, 359
55, 268
65, 466
77, 419
77, 825
80, 635
52, 458
62,004
62, 965
79, 466
79, 821
52,083
73,043
60,034
81,390
83,100
50, 373
313, 602
16, 033
181, 185
10, 185
293, 087
17, 417
266, 254
11, 255
306, 774
17, 699
261, 581
3,138
285, 251
19, 416
269, 806
15, 032
251, 365
15, 988
312, 969
22,083
74, 238
54,735
78, 243
79,537
49, 079
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.) :
302, 079
Exports, total
_
._ short tons
36, 708
Scrap
do
Imports, total
__ _
do. _- *• 111, 948
7,601
Scrap
do
r
r
r
367, 876
21, 991
142, 336
8,024
448, 197
39, 176
221, 304
5,133
387, 319
19, 790
177, 224
11 767
'r440, 042
20, 672
205, 599
8,092
6,127
3,060
3,067
7,027
1,379
5,648
6,477
3,270
3, 207
7,045
1,388
5,658
7,007
3,573
3,434
7,033
1,428
5,605
6,676
3,444
3 231
6,936
1 350
5,586
6,820
3,490
3,330
6,902
1,322
5,580
7,008
3,579
3,429
6,632
1,314
5,317
6,499
3,343
3 156
6,722
1,295
5,427
7,321
3,724
3,597
6,569
1,248
5,321
6,974
3,585
3,390
6,694
1,295
5,400
7,050
3,572
3,478
6,603
1,343
5,260
14, 974
15, 992
8 888
15, 912
16, 301
8 500
14, 271
15, 588
7,183
9 448
11, 531
5 119
3,260
2,970
5 449
3,387
2,002
6 824
3,214
1,909
8 149
4,113
2,181
10, 031
9,971
10, 486
9 516
14, 368
7, 276
34, 137
29, 449
4,688
847
14, 389
7,659
41, 532
36, 206
5,326
1,172
13, 013
8,048
47, 839
41, 699
6,140
1,065
9,295
7,826
51, 208
44 318
6,890
1 012
427
8,220
45, 172
39, 055
6,116
746
0
8,293
37, 077
31,967
5,110
681
0
7,396
29, 949
25, 741
4,207
576
313
8,257
22, 065
19, 026
3,039
576
63
64
90
88
157
141
95
1 513
1,002
602
1,451
1,119
630
1,392
1,233
689
1 309
1,061
594
1 316
1,142
619
1,333
1,162
622
162 832
63, 716
39 308
168 367
75, 950
45 849
168, 609
88. 062
52 922
167 842
76, 099
46 708
173 494
80, 680
50 485
5,831
5 671
6,164
6 007
6,515
6 510
6,227
6 128
6,510
6 367
1 801
1 864
1 830
1 897
56.31
54.50
55.00
56.31
54.50
55.00
56.31
54.50
55.00
56.31
54.50
55.00
r
328, 091
12, 147
149, 371
5,254
283, 903
24, 012
136, 349
10, 846
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.- -
r
6, 665
3,489
3, 176
* 6, 395
r
1, 344
5,051
v 6, 220
p 2, 918
p 3, 302
p 6, 577
* 1, 456
p 5, 121
14, 287
15, 002
8,851
15, 368
15, 663
8 556
15, 719
16, 534
7,739
8,404
7,764
21, 572
18, 816
2,757
780
13, 597
8,358
26, 247
23, 198
3,049
966
13, 745
8,056
32, 070
28,526
3,544
1,125
14, 497
8,239
38, 829
34, 443
4,386
1,148
96
95
103
134
127
1 332
1,136
607
1,376
1,264
675
1,306
1,277
683
1,272
1,186
642
1,246
1,196
648
1,233
1,056
573
174, 809
87, 249
53 272
175 088
86, 515
51 963
177, 776
94, 481
57, 025
174, 514
95, 923
57, 757
160, 387
82, 050
48, Oil
151, 016
86, 514
50, 819
137, 251
77, 111
45, 413
6,564
6 478
5,882
5 832
6,677
6 577
6,231
6 236
6,587
6,546
6,373
6,251
6,516
p 6, 235
1 964
1 852
1 884
1,895
1,876
1,887
1,977
p2, 298
56.31
54.50
55.00
i 54. 73
54.50
55.00
54.73
54.50
55.00
54.73
54.50
55.00
54.73
54.50
55.00
54.73
54.50
55.00
54.80
54.50
55.00
56.22
56.00
'56.50
r
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 _ __ _
do
Stocks, end of month, total
do
At furnaces
- -- do
On Lake Erie docks _do. Imports
do
Manganese ore, imports (manganese content)
thous. of long tons
r
.
15, 237
8,150
45, 579
39, 988
5,591
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders unfilled for sale
thous of short tons
Shipments, total
do
For sale
do
Castings, malleable iron:
Orders unfilled for sale
short tons
Shipments, total
do
For sale
do
Pig iron:
Production
_
thous. of short tons Consumption
*do
Stocks (consumers' and" suppliers') , end of month
thous of short tons
Prices, wholesale:
Composited1
dol. per long ton_.
Basic (furnace)
do
Foundry, No. 2, f. o. b. Neville Island. .do
6,472
56.23
*>56.00
"56.50
Steel, Crude and Semimanufactures
Steel castings:
139, 577
165, 649
164, 665
182, 181
179, 615
175, 675
150, 232
158, 392
165, 155
148, 259
161, 733
167, 211
Shipments, total
short tons
105, 687
140, 051
126, 380
125, 984
141, 873
126, 819
137, 592
121, 402
124, 626
122, 166
113, 997
110, 467
For sale, total
_
do
22, 925
34, 035
29, 552
30, 381
34, 364
19 930
22 287
25 972
26, 752
33, 156
22, 610
24 013
Railway specialties
do
Steel forgings:
1,399 969 1, 391, 998 1, 393, 137 1,398 863 1, 207, 058 1, 206, 550 1, 199, 151 1, 197, 291 1, 081, 838 1, 239, 057 1, 135, 343 1, 101, 343
Orders unfilled, total
do
158, 981
196 441
191, 189
185 323
200 152
149 642
155 630
183 709
180 538
183 545
120 966
178 475
Shipments for sale total
do
116, 541
134, 686
132, 580
140, 510
147, 701
137 221
135 682
107 966
112 622
133 851
79' 535
130 515
Drop and upset
do
42,440
52
451
55,
931
56,503
52,
743
46 324
48 027
41 676
43 008
47 960
46 687
41 431
Press and open hammer
do
Steel ingots and steel for castings:
9,276
9,404
9,997
9,546
9,691
9,898
8,933
10, 168
9,063
9 440
9,808
Production
thous. of short tons
8,500
93
100
97
102
99
106
99
99
102
106
107
92
Percent of capacity t
-Prices, wholesale:
.0524
.0501
.0513
.0498
.0498
.0498
.0498
.0498
.0498
.0498
.0498
Composite, finished steel
dol. per lb._
.0498
Steel billets, rerolling (producing point)
2 62. 00
272.00
269.00
59.00
59.00
59.00
59.00
59.00
59.00
59.00
59.00
dol. per short ton__
59.00
2 . 0413
« . 0438
2 . 0413
.0420
.0420
.0420
.0420
.0420
.0420
.0420
.0420
Structural steel (producing point)
dol. per lb_.
.0420
Steel scrap, heavy melting (Pittsburgh)
39.50
40.50
44.50
44.00
44.00
44.00
44.00
44.00
44.00
44.00
44.00
44.00
dol. per long ton..
9,406
94
.0524
P 2 72. 00
P 2 . 0438
M5.50
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month _ . __ thousands. _
Shipments
do
Stocks, end of month
do
r
6,133
1,964
34
5,733
2,188
41
5,396
2,277
36
4,884
1,892
28
4,949
2,046
48
5,174
1,798
62
5,052
1,670
63
4,878
1,981
68
4,804
2,068
90
4,393
2,054
81
4,459
2,086
90
3,901
1,975
117
4,013
2,026
94
l
Revised.
p Preliminary.
See note marked "c?" for this page. 2 Data beginning May 1953 represent quotations for a substituted series.
^Beginning January 1953, new weighting factors have been introduced and delivered prices eliminated. Quotations comparable with earlier prices may be derived by adding $1.58 (plus
a very small adjustment for any freight-rate increases) to the stated prices.
JFor 1953, percent of capacity is calculated on annual capacity as of January 1, 1953, of 117,547,470 tons of steel; 1952 data are based on capacity as of January 1, 1952, of 108,587,670 tons.
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-33
SUEVEY OF CUEEENT BUSINESS
October 1953
1953
1952
August
September
October
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
Food
do
Nonfood
_
do
Shipments for sale
do
Commercial closures, production
•- _ millions
Crowns, production
thousand gross. _
Steel products, net shipments:
Total
thous. of short tons
Bars, hot rolled — All grades
_
do
Reinforcing
do
Semimanufactures
_ . _. ..
do
Pipe and tubes
do
Plates. _ . ... .. _
do
Rails
do
Sheets
_.
_
do
Strip—Cold rolled
do
Hot rolled
do
Structural shapes, heavy
do
Tin plate and terneplate
.
do
Wire and wire products
do
465, 820
348, 906
116, 914
421, 221
1,126
29,462
460, 155
348, 500
111, 655
405, 368
1,146
33,060
355, 318
240, 136
115, 182
306, 570
1,229
33, 467
245, 036
152, 116
92,920
208, 128
992
24, 875
256, 739
158, 612
98, 127
219, 682
1,138
27,002
269, 597
167, 764
101, 833
227, 068
1,186
26,616
252, 084
151, 200
100, 884
215, 587
1,138
24,696
279, 372
161, 854
117,518
238, 914
1,296
27, 627
304, 201
174, 879
129, 322
255, 358
1,338
27, 772
304, 743
177, 976
126, 767
259, 360
1,307
29,317
357, 201
220, 481
136, 720
311, 009
r
1, 348
31,605
446, 040
299 306
146, 734
406, 630
1, 245
30, 752
6,312
744
188
306
717
680
121
1,567
127
155
428
479
416
6,542
787
181
352
797
649
148
1,639
156
192
386
412
447
7,156
846
197
377
861
709
156
1,819
189
207
412
435
497
6,648
828
153
350
783
679
145
1,714
166
194
416
388
443
7,105
865
211
395
857
720
153
1,843
179
196
422
373
454
7,068
853
146
358
832
714
166
1,851
190
203
418
433
458
6, 533
779
156
335
804
659
148
1,695
167
183
395
373
435
7, 437
894
173
415
902
707
168
1,982
205
210
416
448
471
7,162
838
155
357
880
650
150
2,007
194
206
414
442
447
7,209
873
159
352
828
698
161
2,003
187
214
417
459
449
6,950
843
157
329
847
614
162
1,924
190
210
397
441
426
6,583
794
166
295
801
587
156
1,957
151
161
414
405
328
85, 175
305, 987
76,882
307, 644
74, 639
296, 613
83, 419
334, 147
89, 895
' 294, 415
92, 649
283, 599
104, 460
350, 094
102, 071
355, 895
105, 464
345, 619
104, 152
427, 849
109, 285
390, 184
110, 545
.0740
.0750
.0750
.0750
.0750
.0750
.0825
.0995
.0924
.0838
198.8
39.2
159.6
92.2
.402
211.2
45.4
165. 7
95.8
.402
235.5
51.6
183.9
107.6
.402
212.1
46.5
165.6
98.2
.402
232.0
53.3
178.7
103.7
.402
243.6
55.6
187.9
110.7
.402
240.7
54.9
185.7
109.2
.402
273.7
59.4
214.3
127.1
.429
281.0
61.6
219.4
129.2
.429
266.7
57.6
209.1
123.6
.429
' 75, 764
77, 594
72, 367
80, 807
79, 621
83, 653
101, 538
117, 204
60, 944
6,030
r
62, 360
p
33, 204
29,156
.2497
101, 825
112, 016
113, 462
55, 807
8,645
52, 397
20, 496
31, 901
.2929
95, 890
112, 660
142, 282
48, 382
6, 551
71, 110
39, 573
31, 537
.2990
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
_ .short tons..
Imports, bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
dol. perlb..
Aluminum fabricated products, shipments,
total
mil of Ib
Castings
__ _ _
do
Wrought products, total. __
do
Plate, sheet, and strip
. . .
do
Brass sheets, wholesale price, mill
._ dol. perlb
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 manufactured
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, total §
do
Primary §
do
Stocks, Dig end of month, total§
do
Government!
do
Industrial §
do
Imports:
Ore (tin content)
do
Bars, blocks, pig*3 etc
do
Price, wholesale, Straits (N. Y.)
dol. per lb_
7inc:
Mine production of recoverable zinc.. .short tons..
Slab zinc:
Production
__ .. _. ._
do
Shipments, total
do
Domestic
do
Stocks, end of month
_ __ __
do
Price, wholesale, prime Western (St. Louis)
dol. perlb..
Imports, total (zinc content)
short tons
For smelting, refining, and export . . _
do.
For domestic consumption:
Ore (zinc content)
do
Blocks, pigs, etc
do
' 74, 357 ' 75, 127
r
77, 312
364, 395
' 79, 401 ' 75, 521
84, 824
82, 426
79, 368
95, 366
105, 770
98, 930
135, 486
127, 910
138, 759
59, 760
83, 771
71, 456
14, 604
20, 945
18, 226
' 60, 989 ' 67, 473 r 59, 901
' 21, 233 ' 25, 261 ' 21, 019
42, 212
39, 756
38, 882
.2420
.2420
.2420
85, 239
80, 436
100, 075
113, 965
125, 338
143, 088
69, 237
58, 858
13,016
16, 257
r
59, 144
' 70, 150
' 23, 930 r 24, 381
35, 214
45, 769
.2420
.2420
81, 625
108, 010
125, 133
59, 836
8,079
' 50, 055
r
23, 506
26, 549
.2420
.0936
.1000
.0900
261.8
' 56. 8
'205.0
' 121. 3
.429
254.0
51.7
' 202. 5
' 123. 5
.429
190.5
117.9
p. 429
80,829
' 73, 646
' 76, 461
93, 197
117, 929
146, 215
52, 762
8,669
67, 098
32, 132
34, 966
.2968
84, 948
124, 480
' 139, 300
58, 126
7,278
81, 341
40, 391
40, 950
.2969
r
' 88, 063
112, 570
' 104, 481
77, 100
13, 317
66, 200
48, 201
17, 999
.2969
75,539
82,705
106, 749
106, 985
78, 825
.2961
30, 232
32, 393
30, 386
32, 919
33, 523
33, 770
29, 160
30, 537
29, 542
32, 769
30, 660
30, 697
29, 458
30, 388
30, 715
32,660
31, 137
31, 557
29, 051
28, 793
28, 472
30, 753
' 26, 444
27, 339
25, 930
27, 709
41, 836
41,269
39, 767
42, 791
45, 818
31, 837
51, 521
40, 970
37, 718
49, 806
48, 261
35, 686
48, 651
39, 370
43, 560
47, 295
35, 529
52, 760
45, 423
36, 811
58, 949
47, 993
42, 242
62, 371
46, 729
39, 487
69, 608
43, 187
48, 914
63, 879
36, 880
44, 140
56, 569
40, 210
35, 652
61, 017
38, 022
40,836
58,103
.1400
.1600
.1600
r
. 1440
.1416
.1413
.1419
.1350
.1340
.1268
,1275
.1341
.1368
' 48, 002
' 42, 144
36, 410
42, 810
43, 612
45, 918
31, 459
4,250
7,410
4,809
22, 504
10, 589
11,915
3,592
7,012
4,441
19, 433
8,003
11, 430
4,071
7,788
5, 162
17, 629
5,206
12,423
3,968
7,680
5,192
16, 029
4,402
11, 627
3, 286
7,562
4,985
13, 592
2,135
11, 457
3,245
7,508
4,989
13, 391
1,935
11, 456
3,862
7, 703
1. 2150
4,101
5,251
1. 2150
4,573
6,686
1. 2140
1,915
7,229
1.0111
2,017
6,739
.9746
4,230
5,495
.9295
2,798
5,821
.8163
.8068
46, 983
59, 392
41, 305
85, 133
2,686
6,399
4,200
25, 314
15, 534
9,780
3,612
7,261
4,709
24, 840
14, 266
10, 574
4,210
6,636
4,311
24, 321
13, 659
10, 662
4,027
6,965
4,499
25, 993
13, 265
12, 728
1,136
7, 686
1. 2138
4,869
6,883
1. 2123
49, 482
48, 748
78, 167
78. 435
72, 963
96, 651
40, 202
i 289
6,347
4,198
25, 353
16, 511
8,842
2,378
8, 711
1. 2150
2,177
5, 850
1. 2127
3,277
7, 180
1. 2147
r
r
r
53, 346
48, 899
49, 789
54, 035
40, 506
51, 803
51, 335
47, 940
' 46, 413
' 42, 252
41, 034
76, 019
78, 129
69, 343
94, 541
80, 588
79, 787
71, 659
95, 342
78, 563
90, 756
81, 439
83, 149
81. 363
77, 352
71, 175
87, 160
81, 994
80, 679
77, 573
88, 475
76, 899
71, 710
67, 729
93, 664
83, 485
77, 285
72, 388
99, 864
80,459
86, 043
78, 211
94, 280
82, 422
84, 250
75, 648
92, 452
81, 617
76, 784
72, 612
97,285
80, 825
74, 204
69, 498
103, 906
83, 241
69,250
65, 450
117,897
.1398
14 976
I, 357
. 1330
21 322
2,939
.1250
23 235
2,555
.1250
27 232
1,532
. 1259
27, 658
'911
.1148
27, 475
984
.1103
54, 767
3, 859
.1100
51, 609
473
. 1100
75, 808
338
.1100
102, 632
143
.1100
66, 834
182
.1098
r
4 468
9,151
6 105
12 278
7 027
13, 653
3 686
22, 014
r
6 804
19, 943
7,837
18, 654
29 020
21, 888
26, 601
24, 535
47, 708
27, 762
64, 206
38,283
41, 600
25, 052
24, 037
73, 627
29, 455
63 833
33, 552
55 159,
23,088
51 470
14, 088
54 618
11, 522
60, 568
12, 955
65, 219
10,990
73, 761
9,286
83,423
12, 831
89, 479
3,974
6,507
4 729
5.032
4 962
4.199
3 814
3,422
2 590
3. 859
2,634
4,044
2,621
4,028
2 435
4,625
1,740
5,310
1,821
6,745
2 477
9,085
2,591
8,404
.1406
8, 432
' 1, 594
r
r
2, 620
4,218
r
r
r
r
r
r
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and con vectors, cast iron:
Boilers (round and square) :
Shipments
_ __ thous. of Ib
Stocks, end of month
do
Radiation:
Shipments cf
thous of sq. ft
Stocks, end of monthrf
do
'Revised.
p Preliminary.
1 Production by detinners only.
§Substituted series. Compiled by the U, S. Department of Interior, Bureau of Mines; monthly data beginning January 1951 are available upon request. Government stocks represent
those available for industrial use.
cfData beginning June 1953 are compiled by The Institute of Boiler and Radiator Manufacturers and represent substantially complete coverage of shipments of cast iron radiators and
con vectors.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1952
September
August
October
1953
November
December
January
February
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
HEATING APPARATUScf— 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, gas, shipments*
_ .__ do
19, 220
r
19, 941
26,768
24,737
29,828
29,873
25,667
42, 595
72, 884
39 473
37, 505
' 53, 272
46, 781
37, 658
49, 026
49 915
43, 469
45, 345
58 324
38, 986
56, 336
67 262
48,960
53,904
78 784
53, 657
64, 173
86, 387
74, 416
86,635
79, 735
81 190
200, 401 ' 223, 296 r 266, 024 ' 206, 210 r 197, 118
9,655
10,523
8,411
8,911
9,437
181 526 r 202, 156 r 242, 348 r 188, 626 ' 178, 706
11,485
9,501
9,438
13, 153
9,173
187, 745
8,723
170, 675
8,347
205, 872
8,089
187 702
10, 081
228,602
8,125
210 048
10, 429
238, 851
7,420
220 939
10, 492
197, 483
5,075
181, 682
10, 726
179,651
5,435
167, 070
7,146
171, 491
5,796
159 515
6,180
145, 700
12, 061
57, 487
76, 152
124, 334
11, 735
60, 568
52, 031
147, 598
17, 218
78,544
51, 836
137, 623
20,782
72, 366
44,475
154, 965
25, 503
78, 136
51, 326
216, 485
27, 617
116, 059
72, 809
298, 651
47, 056
153, 104
98, 491
57, 778
31, 426
22, 101
4,251
191, 754
55, 368
29, 815
21, 662
3,891
196, 601
64, 115
32, 748
27, 353
4,014
211, 404
67, 543
37, 260
26, 812
3,471
211, 405
70, 814
37, 755
28,297
4,762
185, 873
92, 294
49, 314
36, 296
6,684
172, 243
90, 766
46,928
38, 144
5,694
170, 356
'21,200
' 22, 245
66, 080
63, 805
84, 650 ' 104, 128
' 50 596 r 43 016
r
r
r
' 20, 957
T
57, 874
119, 401
r
36 099
r
r
r
' 523, 907 ' 573, 969 r' 669, 871 rr 377, 757
121, 278
rr 134, 941 * 161, 293 182, 654
r
197, 416
r
36, 401
242, 023 ' 246, 502 ' 310, 694 'r175, 446 ' r115, 821
81, 033
45, 194
* 146, 943 ' 166, 173 ' 176, 523
r r106, 354 ' r117, 238 ' 127, 691 ••90,639
55, 146 ' 59, 849 rr 45, 722
52, 073
' 51, 490 35, 383
' 40, 814 rr 46, 578
15, 514
9,534
16, 352
13 467
174, 030
179, 897
192, 831
168, 071
r
r
r
64, 882
33, 896
26, 163
4,823
184, 269
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, net:
Electric processing
thous. of dol
Fuel-fired (except for hot rolling steel) . do
Machine tools:
New orders
1945-47=100
Shipments
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol
33,223
14,545
33, 117
16, 625
50,790
14, 943
41, 857
12,223
311.6
365.9
335.8
258.1
343.3
301.0
257.3
396.7
303.0
294.4
446.8
440.8
633.3
1 626
5,259
1,412
2,472
2,459
1,520
1,241
2,396
1,634
3,235
1,655
3,540
1,672
3,996
1,301
3,607
1,796
3,017
1,799
2,609
2,095
2,550
••2,241
'1,983
1 711
5,454
311.1
317 0
302.4
368.3
243.3
357 8
205.4
342.5
225.2
355 0
255.8
361.6
282.1
354.5
327.0
375.9
276.8
372.7
246.4
356 0
273.4
342.2
r 247. 3
'267 6
*287 9
P301 4
5,921
5,258
5,534
4,130
6,575
5,752
6,521
8,255
7,758
4,629
5,690
5,533
2,905
2,874
3,112
2,168
1,975
1,571
1,245
' 1, 455
2, 004
'2,528
2,696
106. 0
107. 6
--93.3
95.7
80.5
88.3
'74.8
249, 032
252, 404
255, 886
246, 007
329, 294
268, 548
197, 506
317, 914
294, 960
295, 393
282,
453
333,
601
353,
972
313,
005
2
1, 498,258 1,093,142 1, 192, 439 U,549,203 1, 158, 936 1, 108, 991 UiieS,^!
87.0
159, 446
233, 191
674, 459
185, 029
296, 589
991 637
603, 760
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
_
_
_ ._ thousandsDomestic electrical appliances, sales billed:
Refrigerators, indexf ..
1947-49= 100__
Vacuum cleaners, standard type
number _ _
Washers _
__
_ _ _ _ _ _ - - __do
Radio sets, production!
- do
Television sets (incl. combination), production§
number. _
Insulating materials and related products:
Insulating materials, sales billed, indexf
1947-49=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, indexf
1947-49=100
Polyphase induction motors, 1-200 hp:
New orders
thous. of dol
Billings
*
._ - do__ ,
Direct current motors and generators, 1-200 hp:
New orders
thous. of dol
Billings
do
'75.2
222, 413
259, 280
607, 402
'69.2
237, 541
287,
919
1
970, 109
'77.2
'62.3
292, 474
254, 297
298, 641
335, 616
870, 338 1, 037, 864
397, 769
* 755, 665
724, 117
T
780, 486
1,162
1,202
r
2 921, 086
719, 234
730, 597
9
r
r
* 810, 112
567, 878
481, 936
i 524, 479
316, 289
* 173. 9
' 174. 4
150.0
176. 3
*• 174. 2
' 176. 5
'190.2
r
10, 196
10, 427
10,609
11,072
11, 322
10, 268
10, 299
8,872
8,505
4,198
4,466
4,360
4,843
4,701
4,452
' 4, 673
' 4, 033
4,197
1,463
1,671
1,725
1,791
1,895
1,882
1,999
'1,870
'1,645
1,720
20, 213
25, 780
21, 946
23, 188
26, 058
22, 182
22, 206
2 353
127. 9
' 141. 8
' 161. 2
' 154. 8
6,718
8,223
9,110
8,956
3,038
3,759
4,160
3,658
1,210
1,380
1,694
16, 225
25, 456
21, 171
r
189. 1
' 149. 0
r
36, 946
35, 210
36, 954
36, 541
41 127
39, 639
46 319
45, 863
9,269
7,905
8,807
10, 152
7,512
8,858
8,821
10, 064
r
157 8
156 8
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
3 ' 2, 704
Production
_.
thous. of short tons
Stocks in producers' storage yards, end of month
1,420
thous. of short tons _
423
Exports
.
.. do__
Prices, chestnut:
22.54
Retail, composite
. dol. per short ton..
14. 119
Wholesale, f. o b. car at mine
do
Bituminous:
Production
thous. of short tons
34, 171
Industrial consumption and retail deliveries,total
32, 635
thous. of short tons..
Industrial consumption, total.
do_
27, 423
377
Beehive coke ovens
do
8,259
Oven-coke plants .. do__
Cement mills
do
681
Electric-power utilities __
__do_
8,250
2,722
Railways (class I)
do
532
Steel and rolling mills _.
_ _ _ . .-do6,602
Other industrial
do
5.212
Retail deliveries
do
r
' 3, 761
' 4, 213
' 3, 405
3, 178
2,626
2,365
2,284
1,987
2,783
2,886
2,475
1,314
496
1,300
498
1,479
465
' 1, 709
166
1,674
180
1,623
149
1,635
140
1,611
91
1,608
271
1,654
323
1,726
220
22.92
14. 219
23.77
14. 681
24.00
14. 681
24.69
16. 013
16. 013
16. 013
16 013
14. 619
14 619
14. 944
46, 885
32, 744
41, 060
42, 723
39, 445
34, 265
36 250
37, 025
37, 255
'38 800
' 35 045
40 275
34, 503
28,327
615
8,230
679
8,494
2,852
538
6,919
6.176
38, 864
31, 928
509
8,641
699
9,582
3,128
623
8,746
6.936
36, 967
31,911
556
8,447
725
9,604
3,031
653
8,895
5.056
41, 278
33, 982
665
8,899
786
10, 388
3,046
698
9,500
7.296
41, 424
33, 428
759
8,923
764
10, 170
2,833
679
9,300
7.996
37,006
30, 113
712
8,067
687
8,877
2,448
617
8,705
6.893
37,596
31, 840
840
8,956
709
9,123
2 560
625
9 027
5.756
34, 368
30, 051
792
8,583
664
8,618
2 413
559
8,422
4.317
31, 954
29, 230
847
8,993
692
8,293
2 334
474
7 597
2.724
'31,545
' 28,
704
r
767
8,725
668
8,758
2 168
454
7 164
2.841
32, 491
29,289
656
9,035
686
9,287
2 191
449
6 985
3.202
33, 538
29 519
650
8 986
682
9 390
2 227
424
7 160
4.019
' 15 319 p 15 557
J
' Revised.
f Preliminary.
Represents 5 weeks' production.
2 Represents 6 weeks' production. 3 Revisions for January-July 1952 (thous. short tons): 4,221; 3,362; 3,140; 3,384;
3,400; 3,293; 2,522.
(^Revisions for January-July 1952 will be shown later. The survey covering all heating and cooking equipment producers has been curtailed by the Bureau of the Census; data beginning
June 1953 are estimated industry totals based on reports from manufacturers representing over 95 percent of the industry (except for shipments of coal and wood heating stoves and oil burners
which are based on reports from producers accounting for over 911 percent of the total).
*New series. Compiled by the Gas Appliance Manufacturers Association beginning June 1953 and by the U. S. Department of Commerce, Bureau of the Census, for earlier months; data
represent total shipments of gas water heaters based on reports from manufacturers representing 98 percent of the total industry. Monthly data prior to August 1952 will be shown later.
t Re vised series, reflecting use of new base period; data prior to August 1952 will be shown later.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for September 1952 and March and June 1953 cover
5 weeks; December 1952, 6 weeks; other months, 4 weeks.
©Data for 1952 cover 14 companies; beginning January 1953, 17 companies.
SURVEY OF CURRENT BUSINESS
October 1953
S-35
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August
September
October
November
December
January
February
March
April
May
June
July
August
PETROLEUM, COAL, AND PRODUCTS—Continued
CO A L—Continued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons_.
Stocks, industrial and retail dealers', end of
month, total
_.. thous. of short tons..
Industrial, total
Oven-coke plants
..
Cement mills
Electric-power utilities
Railways (class I)
Steel and rolling mills
Other industrial
__ .
_ _
_
.
do
do
do
do
do._
do
do..
76
75
77
76
38
11
9
9
73
79
'73
72
81, 238
83,298
77, 951
75, 970
76, 745
73, 346
71,385
70,235
70, 531
72,912
76, 026
74, 752
77, 877
79, 567
16, 066
1,616
36, 797
3,443
1,158
20, 487
81, 492
15, 728
1,746
37, 722
3,487
1,236
21, 573
76, 369
14, 437
1,624
36, 393
3,041
1,156
19, 718
74, 212
13, 637
1,607
36, 195
2,897
1,085
18, 791
75, 036
14, 430
1,540
35, 891
3,032
1,089
19, 054
71, 857
13, 400
1,362
34, 771
2,973
983
18,368
70, 110
13, 381
1,245
33, 906
2,892
943
17, 743
69, 187
13, 276
1,106
33, 926
2,764
940
17, 175
69, 473
13, 408
1,057
34, 649
2,571
922
16,866
71, 660
13, 897
1,106
35, 880
2,571
935
17, 271
74, 475
14, 545
1,226
36, 955
2,774
961
18, 014
73, 153
13,221
1,197
37, 767
2,576
918
17, 474
76, 267
14, 578
1,341
38,758
2,533
919
18,138
1,610
do_.
1,671
1,806
1,582
1,758
1,709
1,489
1,275
1,048
1,058
1,252
1,551
1,599
Exports
do
Prices:
Retail, composite
dol. per short ton
Wholesale:
Mine run, f. o. b. car at mine
- _. do
Prepared sizes, f. o. b. car at mine
do
4,288
' 3, 765
3,010
2,981
' 2, 330
2,207
1,584
1,575
3,150
3,437
3,516
3,441
Retail dealers
.. _
_
16.22
16.28
16.54
16.66
16.72
5.640
6.544
5.655
6.680
6.016
6.951
6.028
7.020
6.032
7.064
5.931
7.076
5.923
7.058
5.857
6.853
5.831
6.446
5.810
6.428
5.796
6.491
5,796
'6.572
J-5.689
T> 6. 651
••221
'5,808
317
391
5,784
323
328
6,117
314
356
5,961
311
427
6,264
329
483
6,284
337
451
5,681
324
536
6,299
334
507
6,032
341
539
6,282
370
486
6,127
350
'410
6,340
380
417
6,347
3,142
2,294
848
98
44
2,838
2,132
706
97
52
2,541
1,957
583
87
41
2,445
1,920
524
96
62
2,177
1,736
441
103
54
2,075
1,672
402
111
51
1,995
1,641
354
130
43
1,973
1,581
392
140
39
2,009
1,541
467
154
52
2,135
1,606
529
190
53
2,129
1,572
557
155
53
2,221
1,528
692
141
39
2,391
1,598
793
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
1,935
192, 798
99
220, 661
1,677
195, 528
98
210, 510
1,790
202, 044
96
213, 358
1,773
194, 611
98
211, 456
1,690
205, 645
97
215, 504
1,957
203, 214
96
218, 288
1,828
183, 736
94
195, 133
1,807
202, 458
94
217, 073
2,059
193, 389
91
203, 425
'2,378
197, 086
93
217, 074
1,973
197, 837
94
212, 433
2,468
204, 701
94
220, 197
264, 368
67, 497
178, 394
18, 477
264, 723
65, 241
181, 580
17, 902
269, 776
66, 084
185, 900
17, 792
267, 852
63, 777
185, 625
18, 450
271, 928
66, 275
187, 852
17, 801
272, 250
65, 902
188, 480
17, 868
273, 589
66, 451
189, 163
17, 975
275, 665
69, 077
188, 897
17, 691
280, 487
71, 181
191, 494
17, 812
280, 308
71,011
191, 556
17, 741
283, 715
73, 527
191, 879
18, 309
' 284, 976
' 74,269
192, 450
18, 257
1,664
1,966
Exports
do
' 18, 567 «• 18, 632
Imports
- -- - -- do
Price (Oklahoma-Kansas) at wells-.-dol. per bbl__
2.570
2.570
1,526
' 20, 135
2.570
1,805
' 16, 823
2.570
2,211
' 2, 960
20, 141 ' 18, 507
2.570
2.570
2,011
16, 292
2.570
2,171
20, 221
2.570
2,833
18, 516
2.570
1,611
20, 729
2.570
1,824
21, 559
2.820
1,232
19, 175
2.820
42, 730
36, 572
43, 393
37, 120
43, 860
37, 151
44, 682
37, 942
38, 533
47, 192
28, 574
44, 729
30, 389
43, 045
25, 276
41, 878
7,152
1,757
7,075
6,087
1,735
7,090
6,116
1,938
6,747
6,347
2,008
6,720
61, 349
39, 572
73, 706
41, 795
84, 504
43, 801
102, 258
47, 530
2,942
1,972
2,592
1,591
2,715
1,646
2,143
1,400
.098
.850
.093
.850
.093
.950
.093
1.050
10, 825
8,256
20, 335
857
10, 132
5,603
24,307
500
9,795
5,467
24, 659
904
9,945
5,982
31, 143
404
COKE
Production:
Beehive
thous. of short tons__
Oven (byproduct)
_ . do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
Exports
-- _do_
Price, beehive, Connellsville (furnace)
dol. per short ton. _
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
_
_
number
Production
thous. of bbl
Refinery operations
percent of capacity
Consumption (runs to stills) .
thous. of bbl
Stocks, end of month:
Gasoline-bearing in TJ S , total
do
At refineries
do
At tank farms and in pipelines
do
On leases
do
Refined petroleum products:
Fuel oil:
Production:
42, 153
46, 768
45, 183
45, 310
46, 157
47, 379
46, 933
45, 053
Distillate fuel oil
thous of bbl
38, 984
38, 931
35, 704
40, 351
37, 321
38, 822
40, 515
36, 887
Residual fuel oil
do
Domestic demand:
60, 535
47, 176
50, 773
63, 778
52, 552
39, 347
26, 221
28, 836
Distillate fuel oil
do
60, 109
48, 304
52, 769
42, 094
57, 557
48, 531
50, 395
41, 267
Residual fuel oil
-do
Consumption by type of consumer:
6,809
' 8, 598
r 7, 772
8,083
7,702
' 7, 160
f 6, 047
i •• 5, 366
Electric-power plants
- do
1,884
2,516
2,622
2,055
1,831
2,621
2,827
2,618
Railways (class I)
do
6,774
5,924
6,782
6,354
6,975
7,403
6,680
6,342
Vessels (bunker oil)
do
Stocks, end of month:
59, 802
99, 582
104, 257 117, 252 120, 721 116, 096
2 80, 655
67, 167
Distillate fuel oil
_
____
do _ _
44, 178
48, 706
53, 069
54, 061
41, 600
53, 052
56, 200
45, 910
Residual fuel oil
do
Exports:
3,091
2,135
3,673
'
2,
546
2,949
2,840
2,306
3,269
Distillate fuel oil
do
r
1,724
1,194
1,339
' 1, 292
1,373
1,271
1,367
1, 588
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
.098
.098
.098
.098
dol. per gaL_
.098
.098
.098
.098
.850
.900
.900
.850
.900
.900
.900
.900
Residual (Okla., No. 6 fuel)
dol. per bbl—
Kerosene:
11, 135
13, 434
13, 061
11,792
10, 919
11, 313
11, 620
10, 498
Production
thous of bbl
12, 092
17, 829
17, 066
13, 884
12, 455
6,014
12, 230
7,156
Domestic demand
do
2
18, 697
26, 842
32, 199
23, 487
20, 468
33, 289
35, 021
32, 401
Stocks end of month
do
728
'372
325
358
358
'429
525
655
Exports
do
Price, wholesale, bulk lots (New York Harbor)
.108
.108
.108
.108
.108
.108
.108
.108
dol. per gal_ _
Lubricants:
4,321
4,416
3,596
4,210
4,940
4,507
4,694
4,857
Production
thous of bbl
3,229
2,993
3,032
2,931
3,711
2,800
3,343
3,433
Domestic demand
do
11,021
11,
134
11,
224
9,869
11,
250
10,
561
9,745
9,620
Stocks refinery end of month
do
1,127
1,054
890
628
938
'908
1,610
1,070
Exports
do
Price, wholesale, bright stock (midcontinent,
.210
.220
.250
.220
.210
.260
.270
.270
f. o. b. Tulsa)
dol. per gal__
T
Revised.
» Preliminary.
1 Revised data [or Januarjr-July 1952 (thousand s barrels) : 6,074; 4,779 ; 5,220; 4,180; 3,697; 3,<)28; 4,387.
(thousand barrels) : Distillate fuel, 98,895; kerosene, 27,529.
2
.108
.103
.103
.103
4,271
3,625
10, 801
919
4,572
3,444
10, 873
1,012
4,293
3,470
10, 611
1,020
4,321
3,905
9,879
1,105
.205
.205
.195
.225
*2.820
6,552
*.093
P 1.100
P. 103
P. 205
New basis. Com parable da ta for Dect>mber 1952
SURVEY OF CURRENT BUSINESS
S-36
October 1955
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August
September
October
1953
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:
Gasoline (including aviation) :
Production, total §
thous of bbl
Gasoline and naphtha from crude oil§
thous of bbl
Natural gasoline used at refineries
do
Natural gasoline sold to jobbers}
do
Domestic demand .
do
Stocks, end of month:
Finished gasoline
do.
At refineries
do
Unfinished gasoline
do
Natural gasoline and allied products doExports
do.
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol. per gal_Wholesale, regular grade (N. Y.)
do
Retail, service stations, 50 cities
do. Aviation gasoline:
Production total
thous of bbl
100-octane and above - - do Stocks, total
do
1 00-octane and above do
Asphalt:©
Production
_ _ ._ do
stacks, refinery, e^d of mrynth
d^
Wax:
Production..
thous. of lb_Stocks refinery end of month
do
Asphalt products, shipments:
Asphalt roofing, total
thous. of squares. Roll roofing and cap sheet:
Smooth -surfaced
do
Mineral-surfaced
- -do
Shingles all types
do
Asphalt sidings
-do
Saturated felts
short tons
107, 784
105, 225
105, 907
104, 772
107, 581
107, 413
96, 796
105, 897
101, 389
107, 243
106, 943
114,123
95, 726
8,938
3,120
102, 954
93, 114
9,186
2,925
100, 095
93, 563
9,759
2,585
103, 689
92, 720
9,317
2,735
91, 326
95, 097
9, 451
3,033
95, 817
95, 609
9,292
2,512
89, 634
86, 221
8,378
2,197
86, 458
93, 963
8,930
3,004
98, 158
90,359
8,088
2,942
102, 044
96, 091
8,255
2,897
105, 918
95, 051
8,948
2,944
114, 703
101, 704
9,511
3,049
112,960
110, 750
57, 244
7,842
9,722
2,203
113, 698
59, 276
7,293
8,925
2,164
111, 770
58, 180
8,292
8,890
2,396
121, 645
63, 809
7,864
8,584
3,447
127, 792
70, 581
8,236
7,807
•• 3, 970
141, 746
79, 746
8,772
7, 575
2,652
149, 069
87, 232
8,804
7,748
2,349
153, 315
89, 513
9,416
8,268
2,513
148, 924
84, 695
9,108
8,849
3,239
147, 371
82, 322
9,044
10, 359
2,185
137, 863
78, 429
8,333
11, 054
2,018
135, 724
75,545
8,192
11, 253
4,113
.104
.129
.203
.104
.129
.204
.104
.129
.202
.104
.129
.201
.104
.129
,203
.104
.129
.203
.104
.129
.206
.104
.129
.208
.104
.129
.206
.104
.129
.206
.104
.129
.221
.114
.142
.222
6,988
5,977
7,865
4,470
6,694
5,325
8,085
4,259
7,193
6,191
8,397
4,751
6,977
5,661
8,451
4,536
7 230
5,853
9,126
4,761
7,020
6,060
9,754
5,241
6,670
5,815
9,425
4,887
7,341
5,942
9,882
5,168
7,263
6,065
9,601
4,910
7,907
6,748
9,828
5,348
7,811
6,830
9,163
4,900
7,793
6,568
9 516
5,253
8,214
5,321
8,113
4,157
7,739
3,797
5,493
5,007
4,118
6,321
3,890
7,525
3,921
8,687
4,689
9,732
5,330
10, 473
6,451
10,834
7,680
9,586
8,243
8 429
116, 200
173, 600
105, 000
168, 000
113, 120
158, 480
106, 680
156, 520
113, 400
161, 000
105, 840
160, 440
99,680
150 360
121, 800
148, 400
118, 720
140 840
122, 920
142 800
123, 480
141 680
5,972
6,428
6,765
4,241
2,918
3,111
2,966
3,800
5,161
5,390
5,192
5,505
6,327
1,203
1,394
3,375
163
59, 250
1,332
1,570
3.526
195
61,432
1,438
1,661
3,666
230
67, 533
943
1,033
2,265
170
52, 472
670
773
1,475
123
40, 598
721
767
1 623
131
46, 292
669
695
1 602
114
43, 423
817
886
2 097
105
50 646
1,062
1 078
3 022
]20
64 339
1,029
1 197
3 164
'l09
62 520
1,018
1 108
3 066
' 98
57 264
1,210
1 147
3 148
119
59 738
1 413
1 3463 568
144
71 87&
2,259
2,370
4, 947
2 432
2,176
5 201
p. 114
v. 142
.220
111, 440 -140 840
_
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
thous. of cords (128 cu f t )
Consumption
_.
-do
Stocks, end of month
_
do
Waste paper:
Receipts
short tons
Consumption
do
Stocks end of month
- do
2 527
2,209
5, 766
2,355
2,104
6,007
2,255
2,351
5,917
2,150
2,224
5,843
631, 070
667 847
501, 402
693, 247
698 420
496 775
786, 664
775 224
510, 317
685, 279
704 127
492, 249
' 1, 390
62,173
728, 459
196, 340
32, 708
r
198, 697
r 86, 546
«• 1, 310
60,401
670, 471
186, 823
32 320
r
187, 254
' 89, 458
152 021
42, 955
32, 252
2 425
31 983
146 712
42, 769
32 722
2 321
26 681
2,247
2,131
5, 929
2,432
2,367
6,006
2,283
2,148
6,132
2,260
2,405
5,989
1,987
2,375
5,598
1,875
2,406
5,063
687, 220
708 058
509, 058
647, 080
682 469
476 575
742, 150
741 071
474 106
762 156
750 702
484' 184
723, 385
732 924
473 084
' 1, 346
1,483
49, 548
58, 871
700, 304
784, 840
186, 072
205, 504
36 004
36 875
r
195, 395
210, 319
' 89, 521 93, 629
1,356
49, 214
715 468
186, 191
34 782
192 325
88, 308
1,512
56, 401
810 905
203, 364
37 084
206 012
89, 186
1,467
51, 686
783 586
200, 232
33 717
201 951
99, 431
158 036
39 166
32 592
1 936
31 683
165
42
36
2
33
367
186
738
190
05°
r
696, 981
666 765
521, 737
r
r
718, 942
r 734 250
r
456 525
656 308
633 320
480' 552
1,518
57, 914
812 940
201,416
35 828
209 324
99,650
1,483
63, 469
800 485
188, 431
35 639
199 893
98, 260
1,352
45, 587
724 651
1681 730
31 325
190 159
97, 351
1,542
68, 163
843 291
192, 927
37 544
205 005
92, 031
164 671
4l' 427
40 609
1 711
34 740
173 013
41 965
42 354
1 348
37 271
175 179
36 343
42 988
1 497
35 187
154 215
36 725
38 319
1 582
32 525
163 063
42 459*1
37 599
1 874
31 204
10 449
167, 154
»• 20, 359
r 69 852
55 693
3,205
17 278
12 646
175^ 608
21, 523
71 088
62 430
3,030
16 694
8 672
191, 660
20, 354
83 397
61 564
2,429
23 462
11 885
198, 103
23, 614
84 371
61* 293
2,604
25 572
13 285
164' 819
23, 848
64 004
52 050
2,499
21 853
2,281
1 077
1 076
2,265
1 084
1 056
125
2,263
1 085
1 052
126
WOOD PULP
Production:
Total, all grades
thous. of short tons..
Dissolving and special alpha
short tons..
Sulphate (paper grades)
do
Sulphite (paper grades)
do
Soda -_ - _ _
do
Ground wood
___
_
_ _ _ _ do
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total all grades
short tons
Sulphate (paper grades)
do
Sulphite (paper grades) _ do
Soda
- do
Groundwood
------- ...
do
Imports, all grades, total.--Dissolving and special alpha — .
Sulphate
Sulphite (paper grades)
Soda.
--_
Groundwood
__ _
do
do
do
do
do
do-
r
14, 861
11 388
r 140, 460 >• 162, 273
19, 333
19, 833
r 52 664 r 61 045
•• 46, 831
50, 536
2,113
2,494
27 773
18, 846
1,394
1,461
59, 762
65, 441
739, 059
761, 522
205, 110
190, 129
36, 628
35, 173
204, 312 r189, 874
' 94, 631 91, 463
149 404
42, 786
31 489
2 282
22 563
154 700
43, 809
32 513
2 641
22 394
154 327
47, 159
29, 111
2 403
25 115
164 777
46, 920
35 175
1 861
28 094
11 712
12 031
11, 560
13 489
6 228
170, 340 ' 200, 853 ' 223, 596 r 191,287 r 170, 648
•• 19, 387 r 16, 415
' 25, 272 23, 787 •• 20, 672
63 100 r 73 992 r 85 810
81 119 ' 72 752
r
55' 403 r 72, 840 r 91, 096 r 66, 125 r 58, 599
2,257
2,623
2, 298
2,560
2,427
21 302
27 107
22 731
23 593
19 664
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2,059
thous. of short tons_.
2,027
Paper (incl. building paper)
do
969
990
942
941
Paperboard
- - - . _ _ do
126
118
Building board
do
r
Revised.
*> Preliminary.
§Comparable data for January-July 1952 are available upon request.
2,279
1,080
1 075
124
2,104
©Prior to this issue of the SURVEY, data were shown in short tons (5.5 bbl. per ton).
992
997
115
2, 023
977
936
109
2,205
1, 053
1 032
119
2,066
987
967
112
128
r
r
2, 263
1 067
1 071
125
2 042
981
941
120
SUEVEY OF CURKENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
August
September
S-37
|
October
November
1953
D
beerm" 1 a-"""*
February
March
May
April
June
July
857, 194
841, 178
851 915
r 853, 276
' 454, 542
858, 000
890, 495
805, 000
805, 000
454, 500
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 r 754, 882 »• 806, 359
Orders, unfilled, end of month
do. _ . ' 718, 391 ' 775, 071
756, 433
Production
do
775, 723
T
769, 647 ' 749, 676
Shipments
_
do
r
421, 409 r 428, 169
Stocks, end of month.
_ _.
do
Fine paper:
' 85, 250 T 91, 582
Orders, new
do
47, 201
r 48, 651
Orders, unfilled, end of month
do
100, 268
100, 213
Production
do
r
93, 032
99, 506
Shipments
__
do
Stocks, find of month
do
t 92, 873 * 100, 109
Printing paper:
Orders, new
_
do
Orders, unfilled, end of month
_ _ _ _ .-do.
Production
do
Shipments
do
Stocks, end of month
do
Price, wholesale, book paper, "A" grade, English finish, white, f. o. b. mill__dol. per 100 lb_.
Coarse paper:
Orders, new
__
_
short tons
Orders unfilled, end of month
do
Production
__
do
Shipments
do
Stocks, end of month
___
- do .
Newsprint:
Canada (inch Newfoundland) :
Production
do
Shipments from mills _ _ . _ _ _
_ _ _ do
Stocks, at mills, end of month
do
United States:
Consumption by publishers _.
.
do
Production
do
Shipments from mills
do
Stocks, end of month:
At mills
- -- -do
At publishers
- - do _ _
In transit to publishers
_
_ _ do
Imports
do
Price, rolls, contract, delivered to principal
ports
dol. per short ton. _
Paperboard (National Paperboard Association) :
Orders, new._
short tons..
Orders, unfilled, end of month
do
Production total
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surface area
Folding paper boxes, value:
New orders
1947-49 = 100
Shipments
--- - do
r 258, 679
f 422, 390
267, 433
rr 264, 530
140, 696
»• 298, 047
r 464, 640
256, 921
r
255, 797
»• 141, 820
r
r
r
759, 399
765, 444
798, 316
800, 447
420, 669
824, 431
793, 397
800, 190
796, 778
424, 307
886, 474
817, 728
874, 859
862,142
437, 021
811, 295
820, 807
809, 914
803, 669
439, 583
922, 907
866, 131
882, 601
877, 582
444, 322
856 801
853, 842
881 403
869, Oil
456, 707
r
'r 105, 800 92, 300
44, Oil
38, 408
98, 393
111, 288
r
108,
990
96, 903
r
102, 407 103, 897
92, 205
37, 023
95, 799
93, 590
106, 106
104, 433
41, 996
104 212
99, 460
110 858
100, 915
42, 247
99, 778
96, 998
109, 930
114, 747
48, 125
108, 326
108, 867
109, 109
111, 120
49, 915
111 896
109, 255
111, 740
r
103, 939 ' 106, 895
' 44, 030 r r 44, 180
112, 343
108, 542
«•r 109, 820 r 106, 745
114, 265 r 116,060
108, 000
56, 000
94,000
96,000
114,000
r
313, 784
' 486, 189
293, 743
r
292, 235
r
143, 328
315, 082
486, 018
284 647
287, 924
142, 271
305, 091
491, 465
305, 873
299, 644
147, 500
285, 911
495, 190
282, 239
281, 305
148, 463
339, 405
528, 013
307, 094
306, 583
148, 974
294, 237
518, 375
305, 703
303 514
151, 165
r
297, 385
*r 515, 610
302, 870
*r 300, 510
153, 525
309, 000
547, 000
288, 000
283, 000
156, 800
' 890, 965
'r 807, 502
850, 605
r 858, 541
' 421, 514
248, 823
458, 860
277, 372
276, 152
144, 548
13.55
13.55
13.55
13.55
13.55
13.55
13.55
13.55
13.55
257, 062
155, 270
256, 307
251, 791
130, 250
259, 527
170, 090
245, 051
244, 705
130, 595
294, 513
184, 550
272, 503
280, 050
124, 480
263, 053
173, 218
267, 705
274, 385
119, 232
259, 890
175, 106
259, 194
258, 302
120, 260
291, 690
180 285
289, 853
286 510
123, 600
264, 708
178, 315
266, 787
266 678
123, 705
296, 149
182, 329
293, 058
292, 135
124, 628
278, 359
173, 820
287, 262
286, 865
125, 025
486, 496
488, 575
142, 015
461, 508
462, 404
141, 119
502, 791
486, 159
157, 751
463, 435
498, 987
122, 199
463, 377
463, 064
122, 512
473, 640
467, 627
128, 525
439, 167
408, 610
159, 082
484, 276
441, 512
201, 846
341, 571
97 831
99, 008
379, 669
92, 301
90,645
425, 981
97, 114
97, 789
416, 974
89, 842
90, 429
386, 627
86, 659
83, 007
351, 775
93 789
93, 908
346, 035
82 892
83, 208
7,650
573, 502
86, 444
400 541
9,306
582, 209
77, 578
422 887
8,661
561, 016
69, 364
432 597
8,074
527, 525
97, 206
410 430
11, 726
530, 651
81, 258
452 263
11, 607
556, 022
89, 767
391 816
122. 00
122. 00
125. 25
125. 25
125. 25
125. 25
917, 500 1, 065, 800 1, 076, 300 1, 020, 500 1, 077, 600
459, 900
388, 400
453, 000
457, 400
478 400
955 600
955 700 1 142 200 1 004 900 1 029 100
971, 800
455 100
985 500
r
r
89
88
96
96
85
6 364
6 780
7,518
6 828
6 771
162.0
145.3
163.0
158.0
174.1
170.8
146.8
141.6
147 4
147.4
904
699
205
949
796
153
1,118
1,263
1,034
893
709
184
856 552
r 837, 262
872, 696
873, 123
' 456, 255
r
r
1
13.55
T
r 308, 394
r 524, 410
' 298, 215
*r 299, 593
151,800
13.72
v 1 3. 80
' 271, 952
r
164 578
r
278, 951
r
275, 804
r
124, 957
270, 000
177, 500
256, 000
257, 000
124. 000
480, 316
498, 889
183, 273
480, 239
467, 656
195 856
463, 193
486, 389
172, 660
491, 254
494, 212
169, 702
484, 507
498, 506
155, 703
420, 956
91,911
94, 505
408, 874
88 194
89, 004
429, 562
92 405
91, 168
381, 186
90 727
89, 640
340, 044
88 121
90, 755
359, 133
90 824
92, 295
11, 291
555, 508
93, 225
377 700
8,697
518, 985
85, 618
422 878
7,887
515, 063
91, 272
436 024
9,124
483, 059
69, 684
405 424
10, 211
484, 762
76, 270
428 210
7,577
514, 320
81, 719
404 365
6,106
539, 622
91, 010
125. 25
125. 25
125. 25
125. 25
125. 25
«• 125. 75
v 125. 75
T
T
r
968, 700 1, 156, 300 1, 101, 800 1, 040, 100 1, 152, 100
437, 300
567 500
567 000
539 000
459 800
973 800 1 072 900 1 071 200 1 073 400 1 092 000
95
95
95
96
93
6 363
6 398
7 292
7 059
6 806
160.7
148.0
154 9
138.4
183 1
158.6
169 4
153.4
162 5
152.7
814
629
185
1,031
1,031
805
226
852
701
151
50, 707
98, 627
56, 785
49 375
108, 892
60,578
91
13.80
290, 418
168 430
292. 593
295 808
121,810
973, 300 1, 105, 200
522 500
467, 400
939 700 1 122 400
81
98
7 012
6 459
7 041
174.6
155.6
162 6
143.9
176 9
158.4
1, 359
1 069
993
815
178
736
568
168
1,014
290
46 889
113, 532
56, 126
48 224
112, 959
61, 423
r
43 929
»• 118, 825
54,661
43 612
120, 338
PRINTING
Book publication, total.
New books
New editions -
number of editions .
*.
do
do. .
930
188
229
811
220
800
214
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stocks, end of month
.
do
Imports including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb._
Chemical (synthetic):
Production
_
__ __ _ _ _ _
long tons
Consumption
do
Stocks, end of month
_ _ _ d o ._
Exports
_
do .
Reclaimed rubber:
Production
-_
do
Consumption
do__
Stocks, end of month
_ _ do
32, 941
84, 657
67, 139
1
r
39, 274
84, 190
51, 034
T
45, 110
82, 861
55, 599
41, 749
86, 243
48 776
r
44, 790
95, 260
78, 090
r
47 766
97, 730
63, 921
45 231
94, 151
48, 455
.305
.275
.270
.290
.300
.295
.272
.260
.244
.250
.245
.239
» .235
59, 214
61, 214
150, 254
1,921
58, 352
66,668
141, 837
1,573
62, 553
73, 963
133, 042
1,525
60, 540
66, 240
123, 745
1,148
65, 740
71, 635
118, 987
1,323
69, 482
72, 810
117, 875
1,487
66, 970
68, 888
114, 099
1,264
81, 408
77,903
116, 089
1,713
82, 952
77, 221
122, 041
1,500
85, 302
72,234
132, 109
2,299
80, 227
71, 751
143, 789
1,781
79, 360
r
61, 299
* 159, 486
1,923
68, 299
59, 372
169, 153
17, 131
20,548
32,224
21, 732
23, 131
31, 430
27, 405
26, 830
31, 463
22, 684
22, 896
30, 176
25, 606
24, 300
30, 664
26, 784
25, 356
31, 244
24, 373
24, 098
30, 631
27, 699
27, 334
30, 280
28, 714
26, 483
31, 263
26, 839
25, 213
31, 763
26, 315
24,637
32, 791
6,928
7,983
1,633
6,218
132
10,637
159
7,387
8,044
2,827
5,075
142
9,963
154
8,635
7,888
3,200
4, 574
114
10, 821
95
7,361
5,820
2,665
3,069
86
12, 272
85
7,920
6,214
2,916
3,161
137
14, 110
95
8,238
7,882
3,004
4,794
84
14, 118
86
8,236
7,243
3,263
3, 895
85
15, 295
121
9,407
8,256
3,570
4,598
87
16, 456
96
9,262
8,913
3 798
5,001
115
16,872
112
8,987
8,942
3 200
5,604
139
16, 973
135
8,572
9,279
3 537
5,601
142
16, 259
137
4,860
5,423
10, 627
79
5,389
5,981
10, 304
104
6,217
5,892
10, 386
55
5,115
4,573
10, 910
60
5,642
4,863
12 036
48
6 130
7,538
10 169
46
6,428
6,364
10, 308
49
7,470
6,555
11 242
69
7 544
6,760
12 155
80
6 940
6,586
12 592
80
7 035
6,907
12 811
59
r
r
r
23, 001
23, 414
31 506
22, 593
22, 322
30, 210
8 173
9,555
3 616
5 793
146
14 883
137
7,416
8,798
3 130
5,523
145
13, 550
6 395
7 302
12 097
65
5 679
6,529
10 226
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.
' Preliminary.
1 Revision for June 1952: 67,322 long tons.
r
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1953
1952
August
September
October
November
December
January
February
March
April
May
June
July
August
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
174, 449
182, 612
176.845
164, 085
168, 910
184, 754
193, 830
206, 348
178, 323
183, 075
172, 177
160,350
23, 573
99
25, 915
12, 819
6,262
23, 010
99
26, 240
9,584
5,352
24, 181
101
27, 222
6,546
4,360
22, 048
95
19, 771
8,823
4,329
20, 881
87
13, 740
15, 957
5,385
18, 855
79
13, 520
21, 294
7,445
17,325
80
14, 155
24, 464
8,899
20, 215
84
20, 813
23, 865
9,706
21, 802
94
20, 891
24, 773
9,556
23, 399
97
22, 924
25, 247
9,215
22, 698
97
26, 400
21, 545
8,669
24, 134
100
26, 480
19, 196
7,679
24, 289
101
27, 092
16,401
6,613
541 709
518 443
541, 121
533 658
557, 001
557, 890
479, 951
446, 312
444, 660
388, 269
391, 241
353, 088
377 166
375 051
447, 707
439 031
485, 905
495 613
499 936
496 994
533, 073
544 733
521, 922
541, 480
27, 409
27. 409
27. 409
27. 409
27. 409
27. 409
27. 410
27. 577
27. 789
27. 791
27, 839
135, 639
98, 404
113, 227
94, 920
124 673
106 651
143 156
136, 741
142, 147
135, 874
139 598
131 359
145 562
140, 039
136, 631
145, 519
Coated abrasive paper and cloth, shipments _r earns . _ 160, 795
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
CLAY PRODUCTS
Brick, unglazed:
Production^ - thous of standard brick
Shipments}!
do
Price, wholesale, common, composite, f. o. b.
plant
dol. per thous._
Clay sewer pipe, vitrified :J
Production
short tons
Shipments _ _
_
do
Structural tile, unglazed :t
Production
._
__
do
Shipments
do
r
27. 957
*> 27, 957
136 956
147 375
145, 352
150, 773
151, 442
160, 969
130, 372
120,650
83 574
84 802
81, 071
80, 295
80, 975
85, 354
71, 635
70, 638
77, 123
63, 923
81, 541
63, 050
73 976
68 020
79, JS90
74 735
80, 799
80, 474
78, 329
83 583
80, 701
85 114
84, 175
83, 281
10, 700
11, 126
10, 100
9,688
10, 704
10, 119
8,837
8,253
8,250
7,889
9,293
8,602
9,000
8,510
10, 680
12, 170
10, 291
9,242
11,002
10, 504
10, 861
10,225
10, 586
9,853
1 186
1,464
1,220
722
653
862
825
1 293
1,006
1 284
923
824
1,090
2,109
2,485
2,403
3,266
2,308
2,909
2,839
2,765
3,392
716
1,274
903
2,048
923
299
11, 193
GLASS PRODUCTS
Glass containers:
Production
thous. of gross
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
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
3,210
2,736
2,818
2,200
783
1, 257
1 120
2,313
928
327
9 449
476
768
1,035
2,111
772
327
9,594
666
570
1,380
2,298
859
307
9,854
312
530
1,387
2,096
742
264
10, 106
484
714
961
1,927
756
285
10, 167
385
535
911
2,356
808
260
10, 427
497
572
929
2,270
804
212
10 677
828
883
1,418
3,071
1,102
308
8,970
1,033
967
906
1,869
925
229
9,741
1,149
1,111
1 040
1,984
816
210
9,909
1,317
1,181
994
1,879
871
221
TO, 234
1,127
1,393
901
1,815
794
234
10, 646
5,833
5,181
8,628
3,816
4,050
8,389
5,696
6,012
8,035
5,191
4,693
8,431
4,960
4,428
8,911
5,975
5,399
8,724
6,387
5 541
9,566
6,778
5,908
10, 230
6,029
5,886
10, 582
6,049
5,951
10, 705
5,296
4,800
11, 089
3,861
4,931
9,953
3 354
3,308
4,374
3,666
3,295
3 652
3 656
3,667
3,549
3 533
2,741
2,739
11, 489
10, 646
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 ofsq ft
Tile do
Wallboardcf
do
Industrial plasters _
short tons..
1,218
2,164
1 846
716
2,033
1 723
444
1,863
1 718
822
1,887
1 798
603 095
610 738
608 516
566, 785
533, 226
13 337
165, 283
645, 548
6 265
902, 174
58, 438
424, 371
12, 125
161, 130
570, 922
6 507
935, 541
65, 195
411, 877
12, 963
168, 692
579 491
4 730
926 299
66, 339
432, 369
13 401
196, 988
593 756
7 181
942 793
66, 893
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
..thous. of dozen pairsShipments
do
Stocks, end of month
_ _
do~
13, 907
14, 470
29, 279
14, 104
15, 184
28, 199
15,687
16, 819
27, 067
13, 987
15, 118
25, 935
13,342
12, 949
26 399
14, 360
13, 555
27, 217
13,857
13, 724
27, 343
14, 304
14, 356
27, 317
14, 077
12, 862
28, 540
13, 260
11, 192
30, 617
13, 100
12, 328
32 065
11, 452
11 964
31 553
COTTON
Cotton (exclusive of linters) :
Production:
r
1,458
5,716
10, 786
Ginnings§ _ _ -_ thous. of running bales
13, 420
14, 715
1 14, 952
349
13, 988
Crop estimate, equivalent 500-lb. bales
1
thous of bales r
15
136
Consumption^
bales _ . 745, 667
736, 248 4 91 5, 593 759, 737
741, 929 * 739, 050
697, 984 4893,806
765, 778
772,176 * 905, 071 747, 789
Stocks in the United States, end of month, T
T
total^
thous. of bales_16, 725 r 15, 763 r 14, 563 «• 13, 482 'r 12, 355 r 11, 199 ••f 10, 203
'7,129
••9,201
' 8, 119
'f 6, 181
5,502
5,409
Domestic cotton, total
_- .- __do-_ _ ' 16, 660 15, 705 ' 14, 512 ' 13, 431 12, 299 ' 11, 125
10, 125
«• 9, 117
«• 8, 025
* 7, 031
6, 084
r 6, 610
' 4, 555
r r14, 026 «• 10, 779
r 2, 949
••621
••719
••470
259
On farms and in transit
do
••858
' 1, 988
«• 1, 401
1, 819
6,644
7,437
7,779
7,442
6,366
5,491
4,691
4,005
Public storage and compresses
_ _ do
3,977
6,906
3,706
••815
949
1,439
1,258
1,695
1,819
1,892
1,719
1,609
Consuming establishments
do
1,571
1,817
1,444
84
51
51
74
94
••65
58
55
Foreign cotton, total
do.- 78
97
97
93
r
2
Revised.
? Preliminary.
1 Total ginnings of 1952 crop.
Ginnings to October 1.
3 October 1 estimate of 1953 crop.
* Data cover a 5-week period.
^Revisions for 1952 are shown in the August 1953 SURVEY.
(^Includes laminated board, reported as component board.
§ Total ginnings to end of month indicated.
fData for October 1952 and January, April, and July 1953 cover 5-week periods and for other months, 4 weeks; stocks are for end of period covered.
«5, 547
3
15 596
725, 849
19, 289
19, 204
14,329
3,682
1,193
84
SURVEY OF CURRENT BUSINESS
October 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-39
1953
1952
August
September
October
November
December
February
January
March
April
May
June
July
August
259 475
27 055
30.2
246 467
12 495
31.5
208 208
33 122
31.5
260 905
15,938
31.7
220,226
11, 430
31.5
31.9
32.8
33 0
33.4
33.2
33.4
33.0
131
83
123
66
1,063
1,050
103
49
987
121
60
986
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters)— Continued
Exports
bales
Imports
do
Prices (farm), American upland
cents per lb__
15
Prices, wholesale, middling, l6", average, 10
markets
- _cents per Ib
Cotton linters:1[
Consumption
thous. of bales
Production
do
Stacks, enrl of month
.
do
r
106 853
7,797
37.9
240 501
10,909
39.1
296 025
7,735
36.8
337 208
12, 362
34.1
465 966
33,268
31.7
291 829
25, 322
29.8
39.4
38.9
36.7
34 8
33 1
32 5
32 9
33 2
88
168
578
i 108
i 256
109
233
837
114
211
901
1
111
1
110
174
137
152
1 079
1 097
2, 314
61 830
3, 980
70 866
6 433
51 908
2 779
r
2 612
r 43 672
6 295
55 304
6 887
' 62, 247
6,311
2,606
57, 382
4,924
47, 359
26.83
40.7
18.4
17.5
29.72
40 7
19.3
17.8
32.82
38.2
18.5
18.0
32.56
38.2
18.3
18.0
32.97
p38. 2
P18.3
P18.0
.742
1.045
.675
.984
.670
.978
p. 660
p 3 . 971
r
96
46
'517
706
207
1,047
1
128
i 119
1 126
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches hi width,
production, quarterly cf
mil. of linear yards
Exports
thous of sq yd
Imports
- -_
do
Prices, wholesale:
Mill margins
__ cents per Ib
Denim 28-inch
cents per yd
Print cloth, 39-inch, 68 x 72
_
do
Sheeting, in gray, 40-inch, 48 x 44-48
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
__dol. perlb__
36/2 combed, knitting
do
Spindle activity (cotton system spindles) :f
Active spindles, last working day, total. __thous__
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total-mil, of hr__
Average per working dav
_
do
Consuming 100 percent cotton
do
Operations as percent of capacity
r
r
67 119
3, 522
2, 531
58 627
7,634
32.55
40 7
19.3
17.8
33.05
40 7
18.3
17.8
34.12
40 7
18.5
17.3
34.40
40 7
18.3
17.1
33. 92
40 7
19.3
17.0
32 52
38 8
18 6
17.0
32.01
38 8
18.4
16.9
31.98
38.8
18.4
17.3
.767
1.080
.762
1 082
.745
1 075
.728
1 047
.709
1.018
.702
1 018
.692
1 014
.690
1 002
.679
.995
21, 398
20, 000
9,516
476
8,870
128.1
21, 432
20,041
9,768
501
9,134
135.1
21, 612
20,215
i 12, 341
499
i 111, 525
134. 8
21, 583
20, 180
9,870
506
9,219
137.0
21, 632
20, 290
9,183
483
8,637
130 9
21, 680
20,314
i 12, 282
501
i 111, 521
135. 7
21, 622
20, 277
10, 179
518
9,561
140.2
21, 575
20, 221
10, 251
513
9,635
139 5
21, 259
19, 926
i 12, 353
501
i 111, 608
136 7
21, 377
20, 013
10, 133
507
9,489
138.6
21, 201
19, 824
9,938
497
9,330
136.1
21, 344
20, 007
i 10, 126
405
i 9, 484
i 110. 9
21, 391
20,063
9,857
493
9,279
134.8
84.7
28.0
81.0
26 7
75.0
24.1
73.6
26 8
71.2
25 1
76.7
24.1
70.9
18 5
80 8
21 9
78.3
24 1
81.5
26.6
80.2
27.2
r
78.6
r
26.7
74.6
28.6
57.7
15.0
5,960
54.9
15.5
' 4, 995
58.4
17.8
3,872
59.1
15.9
3,687
64 4
17.4
3 691
64.0
18.8
5, 513
62.9
16.4
6 260
61 2
16.4
10 892
60 2
22.9
11, 351
57.9
26.1
6,069
56.9
29.8
7,241
'59.1
'32.8
7,557
61.4
34.3
.780
.400
.780
.400
.780
.400
.780
.400
.780
.366
.780
.366
.780
.366
.780
.366
.780
.366
.780
.336
.780
.336
.780
.336
P . 780
p . 336
63
315
r
2, 637
r
r
r
54 833
3,647
r
r
3
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
mil. of Ib
Staple (incl tow)
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl. tow)
do
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point
dol. per lb._
Staple, viscose, 1H denier
do
Rayon and acetate
broad-woven
goods,
production,
quarterly d"1
thous of linear yards
r
r
475, 053
r
r
516, 323
r
r
510 371
515, 627
SILK
Silk, raw:
Imports
thous. of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (A A), f. o. b. warehouse
dol. per lb__
893
1,363
716
1,071
901
1,032
585
640
573
593
698
5.12
5.21
5.21
i 32, 225
i 7, 770
i 30, 622
13,463
666
J>5.20
5.43
5.43
5.47
5.43
5.45
5.55
5.56
6.53
30, 484
9,220
26, 979
18 936
31, 136
10, 920
28, 118
17 786
138,280
i 13, 240
64, 994
48 714
28,480
11, 296
20, 316
10 025
26,900
12, 116
29 686
15 366
i 34, 360
ir 13, 690
40, 933
T
21 381
29, 564
12, 656
28 487
18 443
30,000
12, 812
31 569
17 254
i 36, 490
1 14, 320
29,791
19 489
31,396
9,736
25, 093
14, 956
31, 372
10, 308
21, 994
15, 141
2 1. 660
1.144
2 1. 596
1.120
1.665
1.168
1.725
1.225
1.725
1.225
1. 725
1.225
1.725
1.225
1.722
1.185
1.737
1.201
1.752
1.194
2 1. 748
1.199
1.725
1.189
1.725
1.174
2 1. 425
2 1. 425
2 1. 535
2 1. 625
2 1. 675
2 1. 725
2 1. 725
2 1. 750
2 1. 775
2 1. 775
2 1. 775
1.778
2 1. 780
2.170
p 2. 157
5.05
WOOL
Consumption, mill (clean basis) :tt
Apparel class
thous. of Ib.
Carpet class
_ _ __ do
Imports clean content
do
Apparel class (dutiable) clean content*
do
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. per lb__
Bright fleece, 56s-58s, clean basis
do
Australian, 64s, 70s, good topmaking, clean basis,
in bond
dol. per lb__
WOOL MANUFACTURES
Machinery activity (weekly average) :H
Looms:
Woolen and worsted:
.r
rf
Narrow
Carpet and rug:
Broad
Narrow
Spinning spindles:
Worsted
Woolen and worsted yarn:
Production total 1 1
Knitting^t
'
r
163
1 727
169
1 893
165
1,880
159
1 935
160
1,867
169
1 932
155
1 875
142
1,811
133
1,894
16
15
133
1,921
20
166
1 181
do
do
do
113
46
134
52
138
54
139
52
144
56
138
47
163
54
164
56
144
51
130
51
121
52
do
73 806
83, 377
75, 293
86, 475
74 918
86, 856
74, 495
83, 067
71, 199
81, 630
69, 128
81, 597
74 241
91, 448
73 319
92, 363
68,683
83,040
73, 638
86, 815
75,902
92, 413
150
158
59, 572
8,300
38, 860
12, 412
2.170
f\n
thous of Ib
do
Carpet and otherlfi
do
Price, wholesale, worsted knitting yarn, 2/20s50s/56s, Bradford system
dol. per lb._
149
19
18
155
154
18
141
59 492
8,048
38 940
12 504
174 165
* 9 550
48 815
* 15 800
57, 792
7,212
37 280
13, 300
55 312
5,884
35 492
13, 936
2.164
2.134
2.122
2.122
2.122
1
147
146
788
428
140
220
56
8
38
10
18
17
1
17
160
16
152
15, 415
57 148
6,488
36 320
14, 340
57 940
7,116
36 576
14,248
i 169, 235
9, 185
i 43, 065
1 16, 985
57,524
7,688
38, 080
11,756
2.122
2.110
2.122
2.134
2.146
64, 560
1
6, 970
1
42 175
1
17
158
2
3
'Revised. p Preliminary.
i Data cover a 5-week period.
Nominal price.
Specifications changed; not comparable with earlier data.
1Data for October 1952 and January, April, and July 1953 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered.
*New series. Imports of wool are compiled by the U. S. Department of Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
^Revisions for 1952 are shown in the August 1953 SURVEY, rf1 Revisions for broad-woven goods for first and second quarters of 1952 are as follows (thousands of yards): Cotton, 2,395,000;
2,275,000; rayon and acetate, 463,420; 418,035.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October 1953
1953
1952
August
September
October
November
December
January
February
March
May
April
July
June
August
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, suiting, f. o. b. mill:
Flannel, 12-13 oz. /yd., 57"/6U".. -1947-49=100Gabardine, 10^i-12 % oz./yd., 56"/58"-__ do
95, 779
83, 506
9,923
73, 583
30, 712
42, 871
12, 273
7,200
5,073
87, 933
78. 903
14, 064
64, 839
26, 612
38 227
9,030
4,962
4,068
111.3
107.2
111.3
107.2
115.8
107.5
112.5
103.9
111.3
107.2
85 334
72 691
8,153
64, 538
33 118
31 420
12 643
6 818
5,825
112.5
104.7
113.9
104.7
91 897
7Q 155
4,325
74 830
39 143
35 687
12' 742
7 161
5 581
113.9
105.3
113.9
105. 8
113.9
105.3
113.9
105.3
113.9
105.3
113.9
103.6
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipments
Exports? _- _
349
76
337
57
293
96
268
84
254
97
365
107
382
82
358
81
402
112
417
119
339
104
402
154
350
270, 982
551, 159
604, 261
519, 536
535, 027
583, 001
700, 685
723, 532
643, 487
661, 992
' 705, 132
615, 386
218, 577
211, 140
52, 056
45, 204
43S, 397
425, 266
112,375
99, 375
471, 808
459, 958
132,064
116,449
405, 111
394, 313
114, 106
102 504
565,172
254
218
453, 319
435,129
111,599
97 879
486, 071
467 440
96, 740
86 212
566 320
545 961
134,129
122 043
596, 633
577 971
126, 754
114 787
549, 677
531 544
93, 443
82 433
587, 549
570 826
74, 063
66 063
' 599, 134
r
581, 870
105, 622
92 788
513, 457
501 055
101, 478
89 911
r
r
r
r
20, 993
9 455
n,538
27,121
14 136
12, 985
27 938
15 941
11, 997
27 257
15 372
11 885
28 675
16 704
11, 971
28 511
16 455
12 056
22 661
14 397
8 264
23,564
13, 544
10, 020
5,392
5 033
2 560
2,473
248
5, 858
5 318
2 5H8
2 730
6,009
5 353
2 586
2 767
6,740
6 327
2 823
3 504
8,850
8 452
2 990
5 462
9,781
9 414
3 166
6 248
327
9,708
9 309
2 778
6 531
357
9, 285
8 947
2 526
6 421
320
9,703
9 498
2 629
6 869
205
number
do
MOTOR VEHICLES
Factory sales, total _ _
Coaches, total
.
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic
number..
do
do
__ _
do
do
_ . __
do —
do
349
271
.
.
Exports, total 9
Passenger cars 9
Trucks and busses 9
-
do do
do
- _
Truck trailers, production, totalcf
Complete trailers
Vans
A l l other
_
_ _ _ _
Trailer chassis
Registrations:
New passenger cars
New commercial cars
._
_
. . -. .
13, 171
7,026
6, 145
r
387
330
20, 087
10 564
' 9,523
389
260
r
22, 028
9,410
12. 618
319
244
r
22, 072
9 015
13, 057
231
189
418, 982
406, 156
115,814
103 648
r
r
190
189
236
189
145
141
367
339
380
359
376
368
451
411
5,465
5,149
2 708
2,441
230
4,887
4,552
2 280
2,272
242
260
4,908
4 610
2 464
2 146
250
do
215 668
do - - 57, 786
318 870
65, 381
383 385
77, 486
360 236
70 431
399 906
69 949
386 221
72 606
396 558
68 616
486 368
79 672
o°8 278
91 127
540 575
86 366
542 193
77 199
533 783
76 161
502 430
76 673
4 674
2,990
2 853
1,684
5
5
5
0
3 935
2,052
1 879
1,883
13
13
13
0
5 592
3,103
2 963
2,489
11
11
11
0
6 098
4,201
4 032
1,897
11
11
11
0
7 968
5,893
5 769
2,075
20
20
20
0
8 103
6,094
5 972
2,009
15
15
15
0
7 789
6,072
6 063
1, 717
17
17
17
0
6 725
4,958
4 952
1,767
39
39
39
0
6 870
4,768
4 737
2,102
37
37
37
0
6 969
4,312
3 958
2,657
27
27
27
0
6 918
4,014
3 559
2,904
26
26
26
0
6 817
4,643
4 196
2,174
37
37
37
0
5 701
3,512
3 368
2,189
42
42
42
0
1,759
1,757
1,755
1 756
1 757
1 759
1 762
1 764
1 765
1 767
1 767
1 769
1 771
102
58
75,684
43, 144
32 540
98
56
73, 609
42, 171
31 438
89
51
74, 728
41, 381
33 347
90
5 2
72, 400
40, 355
32 045
88
50
67, 138
35, 803
31 335
88
50
66, 368
36, 550
oq g]g
89
51
63,711
34, 891
28 820
89
50
59, 354
32, 732
26 622
88
50
54, 333
30, 141
24 19°
89
50
50,717
29, 351
21 366
91
5 2
45, 804
26,880
18 924
92
52
40,119
22,908
17 211
92
52
40,224
21,497
18 727
2,217
12 7
2,125
12 5
2,015
12 1
i,939
11 9
1,890
11 9
1,851
12 0
1,835
12 1
1,784
12 1
1,656
11 5
1,547
11 1
1, 437
10 6
1,315
10 0
1,336
10 4
1,169
23
1,006
21
1,011
19
894
17
943
15
948
14
1,057
12
843
10
861
3
675
7
564
g
511
5
405
4
52
43
49
'49
51
38
40
47
40
45
39
61
564
528
516
488
588
549
622
585
741
674
704
669
779
743
832
794
732
690
677
640
945
902
673
591
do
do
do
do
do
4,471
4,108
1 897
2,211
223
286
311
334
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars total
Equipment manufacturers, total
Domestic
Railroad shops, domestic
Passenger cars, total
— -. _
E quipment manufacturers, total
Domestic
_ __ _Railroad shops, domestic
number
do
do
do
do
do
do
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—
E quipment 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:
Diesel-electric and electric locomotives, total
number of power units. _
Steam locomotives total
number
Exports of locomotives, total
do
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
-
-
-.
number. .
do
do.
36
28
39
37
67
35
36
38
42
37
43
82
626
576
50
*• Revised.
JRevisions for 1952 are shown in the August 1953 SURVEY.
9 Data exclude all military-type exports.
d*Total includes production of converter dollies not included in the detail; prior to January 1952, production of these types was included in the "all other" and "total complete trailers"
categories.
§Not including railroad-owned private refrigerator cars.
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
__„.__
38
Acids
24
Advertising
„
7, 8
Agricultural employment
10
Agricultural loans and foreign trade
15, 21, 22
Aircraft
11, 12,13, 14,40
Airline operations_.
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,6, 8,J27
Aluminum
33
Animal fats, greases, and oils
.
25
Anthracite
2,11, 13,14, 15,34
Apparel, wearing.____ 3, 4, 5, 6, 8, 9, 11, 12, 14, 15, 38
Asphalt and asphalt products36
Automobiles
2, 3, 8, 9, 11, 12, 13, 14, 16, 18, 21
Balance of payments
20
Banking
15, 16
Barley-___--_
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2,3,4,6,8,11,12, 14,27
Bituminous coal
2, 11,13, 14,15,34,35
Blast furnaces, steel works, etc
11, 12, 13, 14
Blowers and fans
34
Boilers
.___
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass.
33
Brick
.
38
Brokers' loans and balances
16,19
Building costs
7
Building and construction materials
7, 8, 9
Business sales and inventories
3
Businesses operating and business turnover
4
Butter
_
27
Cans (metal), closures, crowns
33
Carloadings
23
Cattle and calves
_ _ _.
29
Cement and concrete products
2, 6, 38
Cereals and bakery products
5, 11, 12, 14
Chain-store sales (11 stores and over only)
9
Cheese
27
Chemicals
2, 3,4, 5, 11, 12, 14, 15, 18, 21, 24
Cigars and cigarettes
6, 30
Civilian employees, Federal
,_
12
Clay products (see also Stone, clay, etc.)---- 2, 6, 38
Clothing (see also Apparel)
_ _ 5,38
Coal
2,11,13, 14,15,21,23,34,35
Cocoa
22, 29
Coffee
22, 29
... 2, 23,35
Coke_
Commercial and industrial failures
,__
4
Communications
11, 13, 14, 15, 18, 19, 20, 23
Confectionery, sales
29
Construction:
Contracts awarded
..
6
Costs
7
Dwelling units
7
Employment, earnings, hours, wage rates __
11,
12,13,14, 15
Highway
- — - - _ _ _ _ _ 5, 7, 12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1,8
Consumer price index
5
Copper
22,33
Copra and coconut oil
25
Corn
- 19,28
Cost-of-living index (see Consumer price
index)
5
Cotton, raw and manufactures
2, 5, 6, 21, 38, 39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16
Crops
--.- 2,5,25,27,28,30,38
Currency in circulation.
18
Dairy products
2, 5, 11, 12, 14, 27
Debits, b a n k _ _ _
15
Debt, United States Government
17
Department stores
9, 10, 16
Deposits, bank—
15, 16, 18
Disputes, industrial
13
Distilled spirits
27
Dividend payments and rates
1, 18, 20
Drug-store sales
8, 9
Divelling units
7
Earnings, weekly and hourly
13, 14, 15
Eggs and poultry
2, 5, 29
Electric power
5,26
Electrical machinery and equipment
3,
4,5,8,11, 12, 13, 14, 18,21,34
Employment estimates and indexes
10, 11, 12
Employment Service activities
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government- - _ 16
Explosives
,
25
Exports (see also individual commodities)-... 20, 21
Express operations
_
22
Failures, industrial and commercial
4
Farm income, marketings, and prices, .,
2,5
Farm wages
__15
Fats and oils, greases
5, 25, 26
Federal Government
finance
16,17
Federal Reserve banks, condition of
__ _
15
Federal Reserve reporting member banks
16
Fertilizers
5, 24
Fiber products
34
Fire losses
7
Fish oils and
fish
25, 29
Flaxseed25
Flooring
31,32
Flour,
wheat
__ . .
28
Pages marked S
.
2,
3, 4, 5, 8, 9, 11, 12, 14, 18, 27, 28, 29, 30
Foreclosures, real estate
7
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups21,22
Foundry equipment.
34
Freight carloadings__
23
Freight cars (equipment)
.
__
40
Freight-car surplus and shortage. _
23
Fruits and vegetables _ _ _
2, 5, 21, 27
Fuel oil
35
Fuels_.._
2,5,34,35
Furs
____
22
Furnaces. .
34
Furniture
2,3, 5,8,9, 11, 12, 13, 14, 16
Gas, prices, customers, sales, revenues
5, 26
Gasoline
2, 8, 9,36
Glass products (see also Stone, clay, etc.)
2, 38
Generators and motors
34
Glycerin
„
__
24
Gold
____
18
Grains and products
_. 5, 19, 21, 23,28
Grocery stores._.
9
Gross national product
_.
1
Gypsum and products,
_
6, 38
Heating apparatus-...
. 6, 11,12,13,14,33,34
Hides and skins
.
5,22,30
Highways and roads.-__
6, 7, 12, IS
Hogs
.
.
29
Home Loan banks, loans outstanding- _.
,_
7
Home mortgages
.__._.
7
Hosiery. _ ,
..
,. _ _ .
38
Hotels
11, 13, 14, 15, 23
Hours of work per week
12, 13
Housefurnishings
5, 8, 9
Household appliances and radios
.. _ _ 5, 8, 9, 34
mmigration and emigration
, __
23
mports (see also individual commodities)- 20, 21, 22
ncome, personal
1
ncome-tax receipts. _ . —,_ —
16
ncorporations, business, new
4
Industrial production indexes
2,3
Instalment credit._ _ _
.
16
Instalment sales, department stores
._
10
Insulating materials
34
Insurance, life
17
Interest and money rates
16
International transactions of the U. S
20, 21, 22
Inventories, manufacturers' and trade
3, 4, 9, 10
Iron and steel, crude and manufactures
2,
6, 18,21,32,33
Jewelry stores, sales, inventories. _
.._____
8,9
Kerosene
35
Labor disputes, turnover _ _ _
13
Labor force
10
Lamb and mutton
29
Lard
.
... 29
Lead
.
33
Leather and products
2, 3, 4, 5, 12, 14, 15, 30, 31
Linseed oil__
.
25
Livestock
. _ _ _ 2,5,23, 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 and products
.
,__„_
2,
3, 5, 8, 9, 11, 12, 13, 14, 18, 31, 32
Machine activity, cotton, wool
_.
39
Machine tools
_
34
Machinery
2, 3, 4, 5,11, 12, 13,14, 18, 21, 34
Magazine advertising
______
, __
8
Mail-order houses, sales
_ _ 9, 10
Manufacturers' sales, inventories, orders
3, 4
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11, 12, 13, 14, 15
Meats and meat packing.-_______ 2, 5, 11, 12, 14, 29
Medical and personal care..
.
__
5
Metals
2, 3, 4, 6, 11, 12, 13, 14, 15, 18, 32, 33
M ethanol
.
24
Milk......
----..
27
Minerals and m i n i n g - _ _ _ _ _ _ _ _ 2, 3, 1 l t 13, 14, 15, 20
Monetary statistics
._
18
Money orders
8
Money supply.
18
Mortgage loans
7, 15, 16, 17
Motor carriers
, _ _.
22
Motor fuel
36
Motor vehicles.
3, 5,8,9, 18,40
Motors, electrical
34
National income and product
1
National parks, visitors
23
Newspaper advertising
8
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals...... 2, 6, 11, 12, 13, 14, 18, 22, 33
Noninstalment credit
16
Oats
28
Oil burners
34
Oils and fats, greases
5,25,26
Oleomargarine
_
26
Operating businesses and business turn-over-.
4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials _ _.
5,26
Panama Canal traffic
23
Paper and pulp..--- 2, 3, 4, 6, 11, 12, 14, 15, 22, 36, 37
Paper and products
2,
3,4,6,11,12, 14, 15, 18,36,37
Passports issued
.
23
Payrolls, indexes
12
Personal consumption expenditures
1,8
Food products
Pages marked S
Personal income
__
1
Personal saving and disposable incorae
1
Petroleum and products
2,
3, 4, 5, 11, 12, 13, 14, 15, 18, 21, 22, 35, 36
Pig iron
32
Plant and equipment expenditures
1
Plastics and resin materials
25
Plywood
31
Population.
10
Pork
29
Postal savings
___
16
Poultry and eggs
2,5, 29
Prices (see also individual commodities):
Consumer price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes.
5, 6
Printing and publishing
. 2, 3, 4, 11, 12, 14, 15, 37
Profits, corporation
1, 18
Public utilities... 1, 6, 11, 13, 14, 15, 17, 18,19, 20, 26
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio and television
5, 7, 8, 34
Railroads, employment, wages, financial statistics, operations, equipment
11,
12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 40
Railways (local) and bus lines
11, 13, 14, 15
Rayon and rayon manufactures
2,39
Real estate-...
7, 16, 17, 19
Receipts, United States Government
16
Recreation
5
Refrigerators, electrical
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores-.---- 3, 4, 8, 9, 10, 11, 13, 14, 15
Rice
-_-_28
Roofing and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes. _ _
___
6, 22, 37
Rubber products industry, production index,
sales, inventories, employment, payrolls,
hours, earnings
.
2, 3,4, 12, 14, 15
Rural sales
10
Rye
.
28
Saving, personal
1
Savings deposits
16
Securities issued
18, 19
Services
4, 5,8, 11, 13, 14, 15
Sewer pipe, clay
38
Sheep and lambs
29
Ship and boat building
11, 12, 13, 14
Shoes and other footwear
2, 8, 9, 12, 14, 15, 31
Shortening
26
Silk, imports, prices
6, 39
Silver
._
18
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 Inventories)
10
Stocks, dividends, listings, prices, sales, yields20
Stone, clay, and glass products
2,
3, 11, 12, 13, 14, 18,38
Stoves
34
Sugar--22, 30
Sulfur
25
Sulfuric acicl
__
24
Superphosphate
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
._ 11, 13, 14, 15, 18, 19, 20, 23
Television
7,34
Textiles
2, 3, 4, 6, 11, 12, 14, 15, 18, 21, 38, 39, 40
Tile
38
Tin
22,33
Tires and inner tubes
6, 12, 14, 15, 37
Tobacco
2,3,4,5,6,8, 11, 12, 14, 15,21,30
Tools, machine
34
Trade, retail and wholesale- 3, 4, 8, 9, 10, 11, 13, 14, 15
Transit lines, local
22
Transportation, commodity and passenger__ 5, 22, 23
Transportation equipment
2,
3,4, 11, 12,13,14,18,40
Travel
....
23
Truck trailers
40
Trucks
40
Turpentine and rosin
24
Unemployment and compensation
10,13
United States Government bonds
16, 17, 18, 19
United States Government
finance
16,17
Utilities
1, 5, 6, 11, 13, 14, 15, 17, 18, 19, 20, 26
Vacuum cleaners
34
Variety stores
9
Vegetable oils
.
25, 25
Vegetables and fruits
2, 5, 21, 27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
13, 14, 15
Washers
34
Water heaters
34
Wax
36
Wheat and wheat
flour
19, 28
Wholesale price indexes
_ _ 5,6
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
3,4, 10, 11, 13, 14, 15
36
2, 6, 22, 39, 40
33
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