Full text of Survey of Current Business : October 1955
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
OCTOBER 1955
IBM
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF
CURRENT
BUSINESS
No. 10
OCTOBER 1955
PAGE
THE BUSINESS SITUATION
Expansion
Los Angeles 15, Calif.
1031 S.Broadway
Atlanta 23, Ga.
50 Seventh St. NE.
Memphis 3, Tenn.
229 Federal Bldg.
Boston 9, Mass.
U.S. Post Office and
Courthouse Bldg.
Miami 32, Fla.
300 NE. First Ave.
*
*
1
Cheyenne, Wyo.
307 Federal Office Bldg.
2
Chicago 6, 111.
226 W. Jackson Blvd.
4
*
SPECIAL ARTICLES
Foreign Grants and Credits
U. S. Government, Fiscal Year 1955
9
External Financing of Small- and MediumSize Businesses
..,
,. 15
*
*
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
in Manufacturers9
National Income and Corporate Profits
Cincinnati 2, Ohio
442 U. S. Post Office
and Courthouse
Published by the U. S. Department of Commerce, S I N C L A I R WEEKS,
Secretary.
Office of Business Economics, M. JOSEPH ME EH AN,
Director. Subscription price, including weekly statistical supplement, is
$3.25 a year; foreign mailings, $4.25. Single copy, 30 cents. Send remittances to any Department of Commerce Field Office or to the Superintendent of
Documents, United States Government Printing Office, Washington 25, D. C.
Special subscription arrangements, including changes of address, should be
made directly with the Superintendent of Documents. Make checks payable
to Superintendent of Documents.
Minneapolis 2, Minn.
2d Ave. South and
3d St.
New Orleanp 12, La.
333 St. Charles Ave.
New York 17, N. Y.
110 E. 45th St.
Philadelphia 7, Pa.
1015 Chestnut St.
Phoenix, Ariz.
137 N. Second Ave.
Pittsburgh 22, Pa.
107 Sixth St.
Cleveland 14, Ohio
1100 Chester Ave.
Portland 4, Oreg.
520 SW. Morrison St.
Dallas 2, Tex.
1114 Commerce St.
Reno, Nev.
1479 Wells Ave.
Denver 2, Colo.
142 New Customhouse
Richmond 20, Va.
900 N. Lombardy Si.
Detroit 26, Mich.
230 W. Fort St.
St. Louis 1, Mo.
1114 Market St.
El Paso, Tex.
Chamber of Commerce
Bldg.
Salt Lake City 1, Utah
222 SW. Temple St.
Houston 2, Tex.
430 Lamar Ave.
San Francisco 11, Calif.
555 Battery St.
Jacksonville 1, Fla.
311 W. Monroe St.
Savannah, Ga.
125-29 Bull St.
Kansas City 6, Mo.
911 Walnut Si.
Seattle 4, Wash.
909 First Ave.
*
MONTHLY BUSINESS STATISTICS... .S-l to S^40
Statistical Index
Inside back cover
Albuquerque, N. Mex.
321 Post Office Bldg.
Buffalo 3, N. Y.
117EHicottSt.
L^-ontenfo
The Recent
Orders
DEPARTMENT OF COMMERCE
FIELD SERVICE
For local telephone listing, consult section
devoted to U. S. Government
OCTOBER 1955
By the Office of Business Economics
B,
business indicators continue to show strength. The flow of
income to individuals is at a record rate and is supporting a
steadily rising consumer demand. Retail sales data for September showed that consumers were still expanding their purchases. New orders placed with manufacturers of machinery
and other types of producers' durable equipment in August
were the largest since the 1951 defense buildup. Along with
the expansion of private commercial and industrial construction in the July-September quarter, they reflect the rising
trend of programed business outlays for plant and equipment
reported in the SURVEY last month. The recent spurt of
commercial and industrial construction is significant because
it has offset a slight decline of private residential building and
small reductions in most types of public construction and
thus served to hold the volume of total construction, seasonally adjusted, at a level rate.
Personal income remained at the seasonally-adjusted
annual rate of $305 billion in August, unchanged from July
but $3}£ billion above June. The July total had received a
sizable lift from the lump-sum disbursement of retroactive
payments to Federal Government employees resulting from
the recent pay raise legislation. Incomes other than Federal
payrolls increased by $1)2 billion from July to August with
gains widely distributed.
Na tional Income
BILLIC>NS OF DOLLARS
340
320
TOTAL
S
300
280
260
v,
1
1
1
1
1
1
1
60
...."•••
40
NET INTEREST B CORPORATE EARNINGS
20
7;
1
1
1
1
I
1
Employment high
I
60
40
PROPRIETORS1 B RENTAL INCOME
2Q rftr
1
1
»
1
1
1
~
L
240
220
200
180
XX
w
1
1952
COMPENSATION OF EMPLOYEES
1
1
1
1953
I
1
1954
~~
1
Trade strong
1955
HALF-YEARLY TOTALS, SEASONALLY
ADJUSTED, AT ANNUAL RATES
J
U.S DE ARTMEW OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
357487°—55
1
Civilian employment in September of 64.7 million, as
reported by the Bureau of the Census, was the largest on
record for the month. Largely seasonal changes, mainly
reflecting the return to school of students temporarily
employed in the vacation period, resulted in a reduction in
both the labor force and total employment from August to
September. Unemployment was the lowest since 1953.
Employees on the payrolls of nonagricultural establishments, as reported by the Bureau of Labor Statistics, showed
a more-than-seasonal increase in September with most major
industry groups contributing to the rise.
Man-hour input in manufacturing increased not only from
the employment expansion but also from the lengthening of
the factory workweek by nearly one-half hour. Most
industry groups worked more hours per week than in August
but the increases from August and also from last September
were largest in the durable-goods industries.
Factory average hourly earnings continued their steady
rise, the September average for all manufacturing industries
being $1.90 as against $1.81 a year earlier.
55-55-1
September business rounded out a record-breaking third
quarter for retail merchants. The summer and early fall
gains brought seasonally-adjusted sales for the third quarter
SURVEY OF CURRENT BUSINESS
up 2 percent from the second quarter and 10 percent above
the corresponding period of a year ago.
Sales of automotive dealers, continuing their advances,
rose 4 percent from the second to the third quarter on a
seasonally-adjusted basis to raise their total more than a
fourth abov^e a year ago. Quarterly sales increases were
more moderate for the remaining major groups.
In August, for the sixth successive month, buyers drew
on the available consumer credit to help effectuate their
purchase; the total of this type of credit outstanding rose
$/4 billion during the month. As usual, in recent months,
nearly all of the August increase was in installment credit
with automotive paper accounting for the bulk of it. Installment credit extensions and repayments continued to increase
gradually relative to retail sales and personal income.
Inventories moderately higher
With the substantial rise in consumption and fixed investment, business inventories have increased only moderately.
The book value of total manufacturing and trade inventories, seasonally adjusted, aggregated $79.6 billion at the
October 1955
end of August, an increase of $400 million during the month.
Virtually all of the rise was in manufacturers' inventories as
stocks of retailers and wholesalers were practically unchanged. A substantial part of the August increase in the
value of stocks reflected higher replacement costs.
In the period August 1954 to August 1955, total manufacturing and trade sales increased 15 percent while the book
value of inventories rose 3 percent. The change in the
aggregate inventory-to-sales ratio was from 1.67 months in
August 1954 to 1.50 months this year. Over this period the
stocks-sales ratio declined from 1.87 to 1.61 months in
manufacturing, from 1.30 to 1.21 months in wholesale trade,
and from 1.58 to 1.49 months in retail trade. In comparison
with August 1953, aggregate manufacturing and trade inventories at the end of this August were down 2 percent
while total sales were up 11 percent.
About six-sevenths of the expansion in manufacturers' inventories since August 1954 occurred in goods-in-process as a
necessary support to the rising rate of operations. Purchased
materials showed no increase; and although finished goods
stocks rose 1 percent over the year, the ratio of finished goods
inventory to sales dropped from 0,71 months to 0.61 months.
The Recent Expansion in Manufacturers' Orders
THE EXTENT of the upturn in business activity over the past
year is highlighted by the large inflow of new orders placed
with manufacturers. Ordering this August was almost
one-third above that of August 1954 while sales were up
one-sixth. For durable-goods producers the increases were
one-half and one-fourth, respectively.
As can be seen in the chart, new orders received by durablegoods manufacturers have exceeded shipments since the fall
of 1954 in contrast to the excess of sales which had persisted
during the previous two years. New orders for those
nondurable-goods industries which maintain order books for
future delivery, after running slightly below shipments
throughout 1953 and 1954, have been topping sales since the
turn of this year.
As a result of the excess of orders over sales unfilled orders
held by manufacturer.es have risen steadily in the past year.
At the beginning of September backlogs were valued at $52
billion, about 10 percent above the recent low a year earlier—
though still one-third below September 1952 when defense
orders were larger. The placing of military prime contracts,
after declining sharply in 1953, has been stable since the
spring of 1954. The 1954-55 upturn in backlogs has
reflected entirely the effects of rising demand for civilian
goods. By major industry groups, only the transportation
equipment industry—where defense contracts loom the
largest—has not had an increase in backlogs.
Backlog-sales ratios turn upward
The ratio of durable-goods producers' unfilled orders to
sales rose slightly from the second to third quarter of this
year—the first rise in three years. The ratio is still somewhat
lower than a year ago. Backlogs are currently equivalent to
3% months of sales, as compared to 4 months in the third
quarter of 1954 and a peak of 7 months in the third quarter
of 1952. As can be seen in table 2, the transportation equipment industry accounts for most of the reduction from a year
Table 1.—Manufacturers' New Orders, Sales, and Unfilled Orders
[Billions of dollars]
Aug. 1952 Aug. 1953 Aug. 1954 Aug. 1955
New Orders, seasonally adjusted:
All manufacturers
Durable-goods industries
. _ ..
Nondurable-goods industries
22.9
11.3
11. F)
22.1
10.0
12.1
21 . 9
9.8
12.2
28.9
15.2
13.7
Sales, seasonally adjusted:
A l l manufacturers -_. _ „ _ _ . . _ _
Durable-goods industries
Nondurable-aoods industries
22.3
10. 6
11 7
25.0
12.5
12 5
23. 1
10. 9
12.2
27.4
13.9
13.5
78 0
74 6
3.4
70 7
67 8
2.8
47 4
44 7
2.7
51 9
48 5
3.5
Unfilled Orders, unadjusted:
\11 manufacturers
Durable-goods industries
Nondurable-goods industries
_. .
Source: U. S. Department of Commerce, Office of Business Economics.
ago. This mirrors not only the industry's experience with
defense orders, but also the fact that passenger car sales
which have risen to a record rate do not have a counterpart in
unfilled orders. The backlogs-sales ratio for manufacturers of
durable goods other than transportation equipment is the
Capacity demand for primary metals
Of particular note in the orders expansion has been the
very striking rise in new business received by primary metal
producers. Ordering generally picked up earlier and ex-
October I9r>5
SURVEY OF CURRENT BUSINESS
paneled more rapidly among basic materials producers than
in other durable-goods areas. By later summer the dollar
total of new business for this industry was three-fourths
larger than a year ago. Higher prices are significant in the
dollar rise, but most of the increase in orders represented
higher physical volume.
While aggregate new orders for iron and steel producers
have advanced more than those reported by primary nonferrous metal firms, an analysis of changes in new orders of
individual companies from late summer of 1954 to 1955
indicates that for both iron and steel and nonferrous metals
producers, more than half of the companies reporting to the
Office of Business Economics had increases of 50 percent or
more in orders. For the durable-goods industries as a whole,
one-third of the reporting companies experienced increases of
this magnitude.
In spite of the substantial additions to metal producing
capacity in recent years, deliveries have not been able to keep
pace with the recent inflow of orders. Backlogs in this
industry turned up a few months earlier than for manufacturers generally. Unfilled orders of primary metals
producers at the beginning of September were more than
double their year ago value—a relative change substantially
higher than in other major industries.
As early as the fourth quarter of last year, the average
delivery time on contracts held by primary metal producers
began to rise. By early fall of this year the ratio of unfilled
orders to sales had reached 3 months against an average of 2
months a year ago. Unfilled orders which were about equal
to inventories a year ago are currently about twice as large.
Orders for machinery improve
The expansion in new business spread more slowly to the
machinery industries and has resulted in only a moderate increase in unfilled orders for the group as a whole. Indications are, however, of substantial pickup in certain machinery areas in the more recent period—particularly in orders
received by metalworking machinery manufacturers.
Throughout the past year the advance in new business has
been stronger in the nonelectrical than in the electrical machinery segment. To some extent these developments reflect businessmen's capital spending programs. Outlays
for new plant and equipment as a whole have moved up
sharply since the recent low in the first quarter of this year
and are expected to reach a new high in the fourth quarter;
capital improvements by the electric utilities, however, are
rather stable at record rates.
For the machinery industries as a group the current value
of new orders is about half again as large as a year ago.
About a third of the group of companies reporting experienced increases of 50 percent or more in late summer orders
over those a year ago; and half reported increases of 30 percent or more, One-fourth of the responding firms had received a smaller amount of orders this year than last.
increasing volume on orders placed several years before; as
noted above, passenger cars are generally not carried on the
producers' orders books. Ratios of unfilled orders to sales
are continuing to decrease in the transportation equipment
industry, having dropped to 5.2 from 7.9 months a year ago
and a high of 13.5 in the third quarter of 1952.
Durable Goods Manufacturers
• Record new orders have exceeded sales in 1955
• Orders for primary metals have set the pace
BILLIONS OF DOLLARS
50
ALL INDUSTRIES
40
30
20
10
0 I
I
I
I
I
i
I
I
I
I
I
i
I
I
I
I
i
i
i
I
I
I
I
t
I
1
1
1
1
1
I
I
I
I
20
PRIMARY METALS
10
I
20
I
i
MACHINERY
10
**•*••*..*•
1
20
1
1
1
I
!
1
1
TRANSPORTATION EQUIPMENT
(INCL. MOTOR VEHICLES)
10
Orders for transportation equipment rise
I
Aggregate orders placed with the transportation equipment industry rose appreciably during the past year, though
the sizable increases in demand for civilian goods—such as
motor vehicles and freight cars—have been tempered by
relative stability in the volume of defense contracts. Deliveries by the industry, however, have more than kept pace
with the inflow of new orders. As a result, this group has
been the only segment of durable-goods manufacturing to
show a recent decline in unfilled orders.
The major reason for the downtrend is that under the
maturing defense program deliveries are being made in
I
1952
i
I
1953
1954
I955J/
QUARTERLY TOTALS, SEASONALLY ADJUSTED
I/ Third quarter includes estimates for September
U, S. DEPARTMENT OF COMMERCE, OFFICE OF BUSfNfSS ECONOMICS
55-55-2
The recent expansion in new business for fabricated metals
and "other major durable-goods" industries—which include
lumber, stone, clay and glass—has been somewhat smaller
than for durable-goods producers as a whole. However,
orders for the former groups, which are primarily suppliers
SURVEY OF CURRENT BUSINESS
4
October 195£
Table 2.—Ratios of Durable-Goods Manufacturers' Unfilled Orders to Sales, 1952-55
[End of period]
1952
Durable-goods industries
Primary metal
Fabricated metal
Machinery _ . _ _.
Transportation equipment '
Other durable-goods.. _
1. Include motor vehicles.
_..
--._.-
19 53
1st
quarter
2d
quarter
3d
quarter
6.5
6.8
4.1
53
5 4
5 3
7. 6
11.5
26
7.8
11.1
2.6
^September estimated.
1954
quarter
1st
quarter
2d
quarter
3d
quarter
4th
quarter
1st
quarter
7.1
6.1
5.9
5.5
5.1
4.8
46
4.2
5.1
3.8
5 0
6.9
10.3
2.3
3. 7
4 8
6. 6
9.6
2 4
3.4
4 2
6.3
9.2
2.3
3.0
3 9
6.1
8.2
2.2
2.8
4 1
5.7
7.8
1.8
2.6
3 5
5. 2
7.9
1.8
2. 0 1
301
4.7
7. 6 i
1.8 |
56
7.5
13.5
2. G
4th
1955
t
2d
1
3d
quarter I quarter
4th
quarter
1st
quarter
2d
quarter
3d 2
quarter
4.1
4.0
3.7
35
3 J
20
27
4.6
7.9
1.8
2 2
2 9
4.4
7. 2
1.6
2 7
2 9
4.3
5.7
1.6
26
27
4.1
53
1.6
2 <
2 ',
4.1
5\
1. (
Source: U. S. Department of Commerce, Office of Business Economics.
for the construction industry, did not show as sharp declines
in the 1953-54 contraction as did durable-goods companies
generally.
Ratios of backlog's to sales in the fabricated metals, lumber
and stone, clay and glass groups have been rather stable in
the last six months. For fabricated metals producers' unfilled orders are currently equivalent to 2.7 months of sales
and for "other durable-goods" companies 1.6 months.
These ratios are lower than in other major durable-goods
sectors since production periods among building materials
and fabricated metals producers are relatively shorter and
a larger proportion of orders are for stock than is the case
in the machinery or transportation equipment industries.
While the orders expansion has been largely a function of
the volatile durable-goods sectors, new business in nondurable-goods industries has also improved. The early fall
aggregate—up 7 percent from a year ago—represented a
near record for the four industries—textiles, leather, paper,
and printing-publishing—customarily taking orders for
future delivery, and a record total for other soft-goods
industries, which generally fill orders upon receipt.
The improvement in orders received by the former group
of soft-goods industries has been widespread, and three out
of four of the reporting firms have received more new business
in 1955 than in 1954. Unfilled orders in these industries
have risen nearly a third over the past year and are at their
best levels in 4 years. Further, the ratio of unfilled orders
to deliveries has increased steadily over the past year.
National Income and Corporate Profits
NATIONAL INCOME in the second quarter was up 3 percent
from the first, continuing the advance which began in the fall
of 1954. At a seasonally adjusted annual rate of $321
billion, the total was $9 billion above the first quarter. This
gain compares with previous advances of $4% billion in the
fourth quarter of last year and $8 billion in the first quarter of
1955.
National income had declined $10 billion from the peak
second quarter of 1953 to early 1954. It was stable during
the spring and summer of last year. The accelerating
advance to mid-1955 has wiped out the previous decline, and
carried the total to a new high 4 percent above the peak
recorded 2 years earlier.
The pattern of industrial change over these years reflects
the adjustment of the economy to the underlying change in
the structure of demand. National security outlays, for
hard goods in particular, declined after mid-1953 and the
drop in hard goods production was accentuated by a swing
in the business inventory account from accumulation to
liquidation. Since last fall hard goods production has about
recovered its previous peak and expansion has occurred
throughout the economy as a result of a diversified rise in
civilian purchases, which have provided the expansionary
force in the current upswing.
The income effects of the transition were most marked in
manufacturing—especially of durables—and in the related
mining and transportation industry divisions. The total of
income originating outside these industries advanced consistently throughout the period (see chart). Its rise to 1954
stemmed from the continued strength of certain divisions—
construction, finance, utilities and services—not much
affected by the demand shift, and was accelerated as other
industries which had held stable or dipped somewhat last
year generally resumed their postwar expansion. These
variations in industry experience are reflected in table 3,
which shows the industrial sources of national income.
The changes there indicated are summarized, for the broad
groups mentioned, in the accompanying text table.
Change in
billions of dollars
Percentage change
from 1st
from 1st
from 1st
from 1st
half 1953to half 1954to half 1953to half!954to
1st half 1954 1st half 1955 1st half 1954 1st half 1955
Manufacturing
—9.1
9.2
—9.2
10.2
Mining and transportation.
—1.7
1.1
—7.9
5.6
3.6
4.3
4.5
5.2
Construction; finance, insurance, real estate;
communications and public utilities;
services
Agriculture; trade; government; rest of the
world
Total national income
3.1
4
2.9
17.8
—2.5
6.0
SURVEY OF CURRENT BUSINESS
October 1955
The 3 industry divisions chiefly affected by last year's
readjustment are predominantly corporate in form of business
organization, and account for close to two-thirds of all
the income arising in corporate business as a whole. The
1953-55 income swing, therefore, has been especially conspicuous in the record for corporations. Income originating in this segment of the economy declined considerably
more from the first half of 1953 to the first half of 1954 than
Industrial Sources of National Income
Recovery from 1954 lows in Manufacturing,
Transportation, and Mining . . .
BILLIONS OF DOLLARS
130
120
110
did the national income total ($9 billion, or 5 percent, for
corporations as against $7^ billion, or 2% percent, for the
total) and accounted for three-fourths of the subsequent $18
billion overall rise to the first half of 1955. The changes in
corporate profits were especially sharp, as the chart on page
6 suggests.
Recovery in manufacturing
The rise in manufacturing income from a seasonally adjusted annual rate of $90 billion in the second half of last
year to almost $100 billion in the first half of 1955 followed
a rapid tapering-off in the rate of the previous contraction
from the 1953 peak. The successive declines indicated by
table 1 had amounted to $5 billion from the first to the
second half of 1953, nearly $4 billion to early 1954, and a
little over $K billion to the latter half of that year.
Substantial recovery in manufacturing income began in
the fall of 1954, and was accelerated during the winter and
spring. The rise to the second quarter of this year appears
to have involved a recovery in income from durable goods
manufacturing to about the 1953 peak, after an interim decline
Table 3.—National Income by Industrial Origin, 1952-55
[Billions of dollars]
100
Seasonally adjusted at annual
rates
90
1952
1953
plus continued growth in Other Industries .
H
I
210
All industries, total
200
190
19 53
1st
half
2nd
half
19 54
1st
half
2nd
half
289.5 303.6 299.7 ! 305.8 301.6 298.3 301.0
1955
1st
half
316. 1
16.8
5.6
15.3
96.7
51.8
16.6
5.2
15.7
89.9
52.0
16.9
5. 5
15.4
99.4
51.9
16.6
5.7
15.3
94.1
51.6
17.2
5.3
15.7
90.3
51.3
16.0
5.2
15.7
89. 6
52.7
16.9
5.7
16.1
99.5
54.1
24.4
15.4
9.1.
26.6
26.3
15.8
10.1
28.7
27.9
14.6
10.8
29.8
25.9
16.0
i). 8
28.3
26.7
15.5
10.4
29.2
27.4
14.5
10.5
29.4
28.2
14.7
11.1
30.2
29. 1
15.2
11.2
30. 9
34.4
1.5
35.1
1.4
35.3 1 35.3
1.8 ! 1.5
35.0
1.4
35.0
1.7
35 7
1.9
3« 4
1.9
Agriculture, forestry, and fisheries
Mining
Contract construction
Manufacturing
Wholesale and retail trade.
18.7
5.4
14.6
89.3
50.1
Finance, insurance, and real estate
Transportation
Communications and public utilities. .
Services
Government and government enterprises
Rest of the world
. _ _ . _ .. _
180
Source: U. S. Department of Commerce, Office of Business Economics.
170
I
I
"VI
L—
raised National Income to a new high in
the first half of 1955
320
310
300
290
280
1953
1954
HALF-YEARLY TOTALS, SEASONALLY
ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS
ECONOMICS
1955
of one-fifth, and an expansion of nondurables lines above
their 1953 high after an intervening decline of less than
one-tenth, allowing for seasonal variations.
The bulk of the improvement in the fourth quarter of last
year occurred in durables. Expansion of payrolls and
profits centered in the auto industry, extending to the related metals groups and, among the nondurables, to the
rubber group. Movements within manufacturing were
otherwise mixed, with limited declines in some of the heavy
durables industries and minor advances in a number of
nondurables lines. This pattern changed in the first
quarter of 1955, as the recovery broadened and picked up
speed. The acceleration was due partly to a step-up in the
auto industry expansion and the indirect effects of this in
metals and rubber. However, upturns in both electrical
and nonelectric machinery also contributed to the firstquarter rise. Increases in income were recorded for several
other durable-goods lines as well, and most nondurables
groups reported a quickening of their expansion.
The industrial base of the advance continued to broaden
in the second quarter. The rise in the auto group levelled
off, and this special stimulus to further expansion in related
industries largely ceased, but the growth of the all-manufac-
SURVEY OF CURRENT BUSINESS
6
taring total of payrolls and profits continued vigorous as
demand rose on a wide front. Machinery and primary and
fabricated metals maintained or accelerated their rate of
recovery. Substantial gains occurred also in a number of
industries with highly diversified markets, such as chemicals,
paper and printing, and the stone, clay and glass group.
Mining, transportation up from 1954
The rise in mining income, seasonally adjusted, from the
latter half of 1954 to the first half of 1955 was relatively as
sharp as the advance in manufacturing—amounting to about
one-tenth—and carried the total for this industry division
up even with the previous peak reached a year and a half
earlier. The 1954-55 improvement was closely associated
with that in manufacturing, but also reflected other sources
of demand strength. Much of it is traceable to the resurgence of activity in auto and other metal-using lines, and
Major Types of Income Originating in
Corporate Business
INDEX, 1st HALF 1953s 100
120
COMPENSATION OF
EMPLOYEES
100 -
80
PROFITS SHARE BEFORE TAXES *
60
1953
!954
1955
HALF-YEARLY, SEASONALLY ADJUSTED
* Includes inventory valuation adjustment
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
55-55-4
to the expansion of industrial fuel requirements accompanying the increase of manufacturing production in general. In
addition, the industry continued to benefit from the rise in
household consumers' demand for petroleum products, in
particular, as the number of autos to be fueled and the
number of separate dwellings to be heated increased, and
also from the uptrend in demand for construction materials.
The strength of the market under these circumstances has
been exemplified by price and/or production advances from
1953 for crude oil, gas, copper and other nonferrous metals,
and stone and earth minerals.
A major exception to this pattern of growth has existed
October 1955
in the coal industries, where first-half output and prices,
though up from 1954, generally averaged somewhat lower
this year than in 1953. Iron ore production was likewise
below the levels reached two years before. Changes in
mining activity, particularly in coal and iron, are not fully
reflected in total income from the mining industry division,
it should be noted. Many of the mines affected are owned
by manufacturing corporations, so that their profits are
included in the totals for that division instead of in mining.
Income from rail and other transportation in the first
half of this year was up about 5 percent from its 1954 low,
after allowance for seasonal variation, and had recovered
roundly half the previous drop from its early 1953 peak.
The available quarterly data indicate an acceleration of the
improvement during the first six months of 1955.
This recovery has stemmed largely from a rise in the
volume of materials shipped for use in the expanding manufacturing industries and from heavier shipments of manufactured products this year than last. In addition, the
transportation industries have benefited from the general
uptrend in nonmanufactiirmg production and in consumer
fuel requirements.
By comparison with early 1953, however, there seems to
have been little if any increase in the volume of goods handled
by rail and nonrail carriers taken together, and reported
passenger traffic is generally somewhat lower. Stiffening
competition and heavier fixed costs associated with capacity
expansion and modernization have also been reflected in the
course of income arising in transportation.
With respect to freight traffic volume, it should be noted
that manufacturing activity in the first half was no higher
than in the same period of 1953, and much of the net expansion in gross national product over this 2-year period was in
fields such as service and construction which require transportation of materials but in general involve no shipments of
output. Moreover, the special transportation requirements
of the defense effort which contributed significantly to total
activity in 1953 have since fallen off without finding a
specific replacement in the pattern of demand. The latter
development has affected passenger as well as freight business,
though it has probably influenced total passenger volume less
than has the increased use of private autos.
The increasing keenness of competition within the industry
and the long-range planning to meet it have involved heavy
outlays for modernization and expansion of facilities. Transportation industry expenditures for new plant and equipment
from mid-1953 through the first half of this year are estimated
at close to $5 billion, representing a gross addition of the
order of one-tenth to the gross book value of depreciable
capital assets. The relative addition to carrying capacity,
while no doubt much smaller since extensive replacement
purchases are included, was nevertheless substantial, especially in the nonrail industries, and tended to increase the
competitive pressure pending further traffic gains at the
same time that depreciation and emergency amortization
charges rose with the net new investment.
Expansion in other industries
Most industrial divisions other than those discussed above
either continued or resumed previous growth trends in the
first half of 1955, having already exceeded their 1953 income
peaks before the turn of the year. The only exception
was agriculture, where a further downdrift in farm prices
combined with general stability in costs led to some further
contraction of income originating. Four major divisions—
construction, communications and public utilities, finance,
and service—had recorded no significant contraction on a
SURVEY OF CURRENT BUSINESS
October 10r>5
half-yearly basis at any point in the business readjustment
and continued to advance this year, Income in wholesale
and retail trade dipped in late 1953 and early 1954, but
recovered before the end of last year and has since moved
upward into new ground. Earnings from government
employment and the net flow of income from foreign sources
were likewise higher in early 1955 than 2 years before,
interim declines having been wiped out before the end of
last year.
Disposition of After-Tax Profits
BILLIONS OF DOLLARS
25 ~~
20 —
15 —
the industry divisions chiefly affected by the 1953-54 readjustment helped to increase demand both for industrial power
and for business loans and other credit.
Income in trade last year reflected the comparative stability of consumer demand for nondurables, and much less
dependence than in the case of manufacturing and transportation on national security purchases by government. The
first-half improvement this year over 1954 was associated
with the rise in consumer expenditures for autos and other
durables, plus the general expansion in retail and especially
wholesale sales with the broad uptrend of business activity.
Income originating in government, which is measured by
employee compensation, turned up in the second half of lastyear and rose further in the first half of 1955. At the State
and local level, the advance has accompanied staff expansion
to meet the growing need for school and other public services,
together with upward adjustment of pay scales as these
and competing needs have pressed on the labor supply.
Federal payrolls were also somewhat higher than in 1954,
the effect of pay increases this year having offset the declines
in employment which occurred both in the civil establishment and in the armed forces.
Of the remaining industries distinguished in table 3, the
service group has shown a rather steady increase with the
growth in consumer purchases and business demand, while
the net balance of earnings from abroad has improved as
profits from foreign investment have reflected business
expansion in Europe, Latin America, and elsewhere.
10 —
Type of income
5 —
1953
1955
HALF-YEARLY TOTALS, SEASONALLY ADJUSTED,
AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
55-55-5
Income originating in contract construction rose further
this year, responding to the advances in public, commercial
and industrial construction activity and the moderate
expansion of residential building. As in other years, the
overall rise in construction activity has been only partly
reflected in the income flow from contract construction, some
of it having represented higher prices for materials and a
considerable part having been for force account.
The communications and public utilities industries have
maintained this year their postwar record of consistent expansion, reflecting the general growth of the economy. The
finance, insurance, and real estate division likewise continued a
broad uptrend which has stemmed from the same basic source
in economic growth and the use of credit in its financing. In
particular, the steady buildup in the number of occupied
dwelling units has had a cumulative effect on the demand for
communications and public utility services, on the volume
of interest-bearing real estate credit and value of insurable
realty, and on the net return attributable to equities in
housing. Much of the new nonresidential construction has
exerted a similar cumulative effect on finance and utility
income, as have other forms of net new investment. The
expansion in relatively now uses of electricity—e. g., in air
conditioning equipment—lias also been a factor in the
prosperity of the power industry, and, indirectly, in the
growth of consumer finance activity. Finally, recovery in
Recent changes in the type distribution of national
income (table 4) are largely explained by the varying industrial impact of the overall expansion and the associated
variations between corporate and noncorporate experience.
For corporate business, around two-thirds of the advance
from the first half of 1954 to the same period of this year
represented the recovery of ground lost in the previous
decline. With this recovery and net advance the early 1953
proportion of profits to corporate employee compensation
was very nearly restored. The chart on page 6 shows
the intervening changes in these two shares in terms of
index numbers based on the first half of 1953 as 100. The
index for profits dropped 18 points to the first half of 1954
and by the first half of 1955 had approximately cancelled
this drop. The index for employee compensation dropped
1)2 points and subsequently rose 4% points.
The relative volatility of profits is reflected in table 4 by
successive quarterly advances of 7 percent, 11J4 percent, and
6^ percent since the low point in the third quarter of last
year. The rise of total employee compensation from its
first-quarter 1954 low has been much more gradual, though
accelerating from quarter to quarter through the first half
of this year.
It should be noted that these items in table 4 include the
net inflow of earnings from the "rest of the world/' and
compensation of noncorporate business, government, and
household employees, as well as the income flow from corporations discussed above. The swings shown for profits
and employee compensation during this period, however,
stem primarily from developments in the corporate area.
The difference indicated by the chart between the net
advance in corporate employee compensation and that in
profits from the first half of 1953 to the same period of 1955
is probably too small to have much if any significance, considering the limitations of the basic data and the difference
between conditions in the 2 periods.
Keflecting largely the expansion of trade and service, the
first-half earnings of business and professional proprietors
SURVEY OF CURRENT BUSINESS
8
October 195c
Table 4.—National Income, by Type of Income, 1952—55
[ Billions of dollars]
Seasonally adjusted at annual rates
1952
National income
Compensation of employees
Wages and salaries^
. „ ... . _ _
Supplements to wages and salaries
Proprietors' and rental income
Business and professional
Farm.
_ .. .
Rental income of persons
_
.
_ _
_..
..
l
. . . .. ,
_
Corporate profits and inventory valuation adjustment Corporate profits before t a x .
- - - - . . - - - - . - - .
Corporate profits tax liability
Corpoi ate profits after tax
Inventory valuation adjustment
Net interest
1. Includes noncorporate inventory valuation adjustment.
1953
1953
1954
i
II
III
1955
IV
i
II
III
IV
I
II
289 5
303. 6
299.7
303.7
307.9
305.1
298.0
297,7
298.9
298.7
303.2
311.4
320. i
195. 3
185. 1
10.2
209.2
198.5
10.8
207.9
196.2
11.7
206. 3
195. 7
10.7
210. 3
199.5
10.8
211. 5
200.8
10.7
208.9
198.0
10.8
206.7
195.2
11.5
207.2
195. 6
11.6
207. 8
196.1
11.7
209.8
198.1
11.8
213.1
200.8
12.2
219. 1
207. (
12. £
49 9
25 7
14.3
9 9
48.4
25 9
12.3
10.3
48.4
25 9
12.0
10.5
49.1
26.3
12, 6
10.2
48.4
26.0
1-2.1
10.2
47.7
25.7
11.7
10.3
48.4
25.6
12.5
10.3
49.0
25.3
13.2
10.4
48.2
25.9
11.9
10.5
48.3
26.0
11.7
10.6
48.2
26.3
11.2
10.7
48.8
26.6
11.5
10.7
48.;
27. 1
11. (
10.7
36.9
35.9
19 8
16.1
1.0
37.2
38.3
21 3
17.0
-1. 1
33. 8
34.0
17 1
17.0
-.2
40.2
41.4
23 0
18.4
-1.2
40.5
41.5
23 1
18.4
-1.0
36. 8
39.4
21.9
17.5
-2.6
31.4
30.9
17.2
13.7
.5
32.6
32.7
16.4
16.3
2
34.0
33.7
16.9
16.8
.2
33.1
33. 5
16.8
16.7
35.5
36. 0
18.1
17.9
-.5
39.6
40.9
20.5
20.4
-1.3
42 2
43*. C
21. €
21.4
-.8
7.4
8.8
9.5
8.0
8.7
9.1
9.3
9.4
9.5
9.5
9.7
9.9
10.3
Source: IT. S. Department of Commerce, Office of Business Economics.
recorded a gain of close to 5 percent over the corresponding
period of last year, and accounted on balance for about the
same percentage of national income as two years before.
Net rental income of persons has tended to stabilize in recent
quarters as costs have risen but its net growth since early
1953 has been relatively a little greater than that of national
income. Net income of farm proprietors has contributed a
declining amount to national income during this period, and
its contraction has been reflected in the totals for proprietors'
and rental income.
Net interest continued to increase this year, mirroring the
credit expansion which has accompanied the recovery and
growth of the economy. Some of the specific factors
involved have been discussed above in connection with the
finance, insurance and real estate industry division.
Quarterly profits
As the national income total advanced during the first
half, corporate profits before taxes rose from $41 billion in the
first quarter to $43 billion in the second, at seasonally
adjusted annual rates. The second-quarter rate was up
nearly one-third from the low point of 1954 and was above
the 1953 peak. It has been exceeded previously only in the
final quarters of 1950 and in early 1951, when rates of $47$49 billion were recorded. Inventory gains stemming from
the post-Korean price increases contributed amounts varying
between $7 billion and $9 billion to these 1950-51 totals.
This spring, by contrast, less than $1 billion of profits at
annual rates represented inventory gains, the remainder
being a measure of earnings from current production. The
profits share thus defined for national income purposes—
exclusive of inventory gains or losses—attained a seasonally
adjusted rate of $42 billion in the second quarter. This
compares with previous highs on the same basis of $40}2
billion 2 years earlier and $41 billion in late 1951.
Corporate liability for Federal and State income taxes
accruing in the second quarter is estimated at a $21}£ billion
annual rate, $5 billion more than in the lowest quarter of
1954 and within $1^ billion of the 1953 peak. The increase
reflected the expansion in taxable corporate profits, the
estimates being based on an indicated effective tax rate
substantially unchanged from 1954.
1954
Profits after provision for income taxes thus advanced
proportionately, to an annual rate of $21^ billion also.
While substantially short of the record $27 billion reached
in the final quarter of 1950 when Federal income tax rates
were lower, after-tax profits in the second quarter of 1955
approximated the 1951 peak and were $3 billion above the
best quarter of 1953. The 2 latter comparisons, of course,
are affected by the termination of the Federal excess profits
tax at the end of 1953.
The uptrend in dividends continued in the second quarter.
As the accompanying chart shows, seasonally adjusted
dividend payments have reflected primarily the underlying
growth trend in the economy rather than following the
short-term swing in after-tax profits. Changes in the latter
have therefore been transmitted to undistributed net income,
which rose from an annual rate around $7 billion in the
successive
quarters of last year to $10 billion in the first and
over $lQl/2 billion in the second quarter of 1955. These gains
are particularly significant in view of the expanded capital
requirements associated with the rise in business outlays
for plant, equipment, and inventory goods this year.
Industrial shifts in 1955 profits
Practically all industrial groups reported higher profits
before taxes in the first half of this year than in the same
period of 1954. The industry pattern of the advance has
corresponded in general with that described above for the
national income, the most marked gains occurring in those
lines chiefly affected by the 1953-54 readjustment.
Corporate profits before taxes in the first half, unadjusted
for seasonal variation, were up one-fourth from the same
period of 1954. Most of this $4% billion advance was due to
a rise of one-third, or nearly $3 billion, in manufacturing.
Transportation profits advanced more than 50 percent in the
period, and earnings in other industrial groups, which in
general had experienced smaller declines or moderate gains
from early 1953 to 1954, were also higher than in the first
half of last year.
Durable goods manufacturing, up 40 percent in before-tax
profits, accounted for $2 billion of the overall advance.
Among the durables groups, the most striking relative in(Continued on page 23)
6y £. S. Kerber
Foreign Grants and Credits
U. S. Government, Fiscal Year 1955
u.
' NITED STATES Government foreign assistance under
grant and credit programs totaled $4.5 billion in fiscal year
1955, a decline of $760 million from fiscal year 1954. Foreign
assistance as measured here covers shipments of goods,
services rendered, and cash payments to foreign countries.
The decrease was primarily the result of a 28 percent drop,
from $3}X2 billion to $2% billion, in transfers of military supplies and services. In fiscal year 1953 the total had been
nearly $4^ billion. Deliveries of military supplies and
services during fiscal year 1955 comprised 55 percent of net
United States Government foreign grants and credit transfers.
During the year new commitments for loans abroad, including this segment of the mutual security program, totaled
$866 million. Future utilization of these commitments is
Postwar Foreign Aid
BILLIONS OF DOLLARS
30 —
INVESTMENT IN
IMF AND IBRD*
Nonmilitary grants reverse trend
Net deliveries or payments on other grants increased to
$1.9 billion—23 percent over the preceding year, which had
been at a postwar low. This reversed a 5-year downward
trend. Financial assistance for Indochina—both directly
and through France—caused the increase and comprised
one-third of the annual totaL
"Nonmilitary" grants and credits include all relief, development, and technical cooperation assistance and all cash
transfers to foreign governments except the contributions
to the multilateral-construction program of the North
Atlantic Treaty Organization. The last are included in the
"military" category along with military "hardware" and
other end-items, and military training and other services.
In particular, the "nonmilitary" grants reported include the
cash payments to France and the three Indochinese states—
Cambodia, Laos, and (South) Vietnam—for direct support
of troops in Indochina, and to the United Kingdom for support of production of military equipment. Cash payments
of over $600 million for direct forces support were the most
significant factor in the resurgence of "nonmilitary'' aid in
fiscal year 1955.
Repayments exceed new loans
Credit collections exceeded new loan disbursements by $17
million, continuing the pattern which developed after December 1953. New credit outflows, which included the $100million loan to the European Coal and Steel Community,
were also supported by the congressional expression that
mutual security assistance should be on credit terms to the
greatest extent possible.
The Congress had stipulated in the Mutual Security Act
of 1954 that a minimum of $200 million of the $2.8-billion
program should be provided foreign countries on credit
rather than grant terms. Disbursements of these mutual
security loans began in the final quarter of the fiscal year.
NOTE.—MR. KERBER IS A MEMBER OF THE BALANCE OF PAYMENTS
DIVISION, OFFICE OF BUSINESS ECONOMICS.
357487°—55
2
OTHER GRANTS
AND CREDITS (NET)
10 —
B
MILITARY SUPPLIES
AND SERVICES
FISCAL
YEARS
FISCAL
YEARS
1946-50
1951-55
* International Monetary Fund and The International
Bank for Reconstruction and Development
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
likely to bring the outstanding indebtedness to the United
States Government on World War II and postwar foreign
credits to over $12 billion. At the end of fiscal year 1955,
the amount outstanding stood at almost $11.8 billion, mostly
extended in the early postwar period. One-fifth of all net
United States Government postwar assistance was on credit
terms.
Interest collected by the Government on its foreign credits
is not included in the calculations of net credits. During
the year, the interest totaled $282 million, an average of 2.4
percent on the amount outstanding.
9
SUKVEY OF CURRENT BUSINESS
10
Military grants dominate post-Korea aid
In the ten fiscal years since the end of World War II, the
United States Government has given or lent—net of rep aymen ts, reverse grants, and returns on grants—over $51
billion to foreign countries. In addition, this Government
has invested $3.4 billion in the capital of the International
Bank for Reconstruction and Development and the International Monetary Fund.
By comparison, during the 5-year World War II period
the United States Government supplied its allies with $41
billion in net assistance. These data are exclusive of the
resources in manpower and material expended directly by
the United States in both World War II and the Korean
conflict.
The postwar decade was divided into equal periods by the
invasion of South Korea which resulted in a marked emphasis on increased military grants from the United States.
The chart shows the effects of these shifts on the composition
of direct United States assistance although the total in the
two 5-year periods was about the same.
New authorizations smaller
For the fiscal year 1956, new foreign aid legislation by the
first session of the Eighty-fourth Congress totaled $2.7
billion. Including the pipeline of assistance on order and
the carryover from prior authorizations, $14 billion was
potentially available at the beginning of fiscal year 1956 for
transfer to foieign countries without further congressional
Table 1.—Foreign Grant and Credit Authorizations Available in
Fiscal Year 1956
[Billions of dollars]
Source of availability
Total
Military
supplies
and
services i
Total
()ther aid
C rants Credits
Available in fiscal year 1955 total
16.3
9.2
7. 1
4.1
3.0
Estimated carryover from fiscal year 1954
New authorizations for fiscal year 1955
Planned use of foreign currencies to be obtained
from sales under title I of the Agricultural
Trade Development and Assistance Act
Principal collections on Export-Import Bank
loans during fiscal year 1955
12.3
3.5
8. 1
1.1
4.2
2.4
2.4
1.7
1.8
Less' Utilization in fiscal year 1955
Equals: Estimated aid still to be furnished as of
June 30 1955 from prior authorizations
Additions provided by 84th Cong., 1st sess
Estimated availability for foreign aid in fiscal
year 1956, and for carryover into fiscal year
1957.
_ .
2
2
.3
.3
2
.2
.3
5.0
26
2.4
2.0
.4
11.3
6.6
4.7
2.1
2.0
1.8
s 2.6
2
6.7
3.9
2.8
2.7
14.0
7.3
1. Does not include direct forces support, which is included in "other" grants.
2. Does not include amounts which may possibly be made available from foreign currencies
obtainea through sales agreements signed after June 30, 1955, under title I of the Agricultural
Trade Development ana Assistance Act (Public Law 480).
3. $1.0 billion is committed to various countries; $1.5 billion represents EIB uncommitted
lending authority; and $0.1 billion represents other pending loans unaer Public Law 480
agreements.
Source: U. S. Department of Commerce, Office of Business Economics.
action. This compares with the total of carryover plus new
legislative authority at the beginning of fiscal year 1953—
when annual utilizations were at a peak postwar rate of $7
billion—of almost $20 billion. The total amount available
for foreign aid has decreased by approximately $2 billion
each successive year as new appropriations were smaller.
October l!)r>i
Except for $3 million appropriated for operations in the
Ryukyu Islands, the entire authorization for grants was included in the Mutual Security Appropriation Act.
Increased loans
The potential availability includes the undisbursed lending
authority of the Export-Import Bank, which amounts to
$2.2 billion. The Export-Import Bank authorization is in
the nature of a revolving fund and is not restricted to obligation or disbursement in a particular period.
In extending the mutual security program this year, Congress did not stipulate a minimum portion to be repayable,
but did include the expression that the assistance ""shall
emphasize loans rather than grants wherever possible."
Half of the authorized utilization of the $100-million President's Fund for Asian Economic Development must be on
credit terms. New authority \vas enacted to lend funds or
to sell military equipment on extended terms of payment
through 10 years.
Separate legislation authorized sale of five merchant vessels
on credit terms to the Philippines.
The amount shown in table 1 for newly added loan authority is an estimate based on this legislation. No consideration has been given to the additional loans which are likely
to be extended under the conditions of sales agreements
made after June 1955 as part of the doubled Agricultural
Trade Development and Assistance Act program.
Congress also authorized participation in the International
Finance Corporation. The Government subscription to this
new international organization will amount to $35 million.
Short-term claims at record high
The actual disbursements or transfers on net grants and
credits reported here do not include changes in foreign shortterm assets of the United States Government. Large movements in these accounts—which consist mainly of collections
of foreign currencies or receivables and their dispositions—•
can offset the changes in net grants and credits otherwise
disbursed by the Government in aid to foreign countries.
Such movements in fiscal year 1955 amounted to an increase
of almost $250 million in short-term claims outstanding.
An aggressive program undertaken by the Treasury Department in accordance with the provisions of the Supplemental Appropriation Act of 1953 liquidated $150 million
of general Government holdings of foreign currencies in the
last 2 fiscal years. Nevertheless, short-term assets increased
as the result of the Government's acceptance of $400 million
(net) in foreign currencies and receivables from the sale of
agricultural products abroad (see table 3). At the end of
June 1955 the total of all claims was valued at about $600
million, the highest amount so far recorded.
The United States Government started to accept foreign
currencies for the sale of agricultural commodities with the
passage of the Mutual Security Act of 1953. Under the
provisions of that act and the act of 1954 most of the proceeds of the sales are to be used to provide grants and credits
to the country purchasing the farm products or to third
countries. However, the amounts are not incorporated into
the foreign aid data presented in this article until the foreign
currencies are expended for grants or credits.
Through June 1955, over $400-million worth of agricultural commodities (including, in some instances, the cost of
ocean freight) were delivered for foreign currencies under the Mutual Security Acts. Out of the currencies
collected $68 million \vere disbursed for grants and loans,
$19 million to procure military supplies and services for
transfer under the mutual security program, and $3 million
SURVEY OF CURRENT BUSINESS
October lf)f>5
11
Table 2.—Summary of Foreign Grants and Credits, Military and Other, by Major Country: Postwar Decade, July 1, 1945 Through
June 30, 1955
(Millions of dollars)
After Korean invasion
Major country
Net grants and credits _ . _
Net grants _ _ _ _ _
___
Gross n e w grants. - _ . _ _ _ _ _ _ _
Less: Prior grants converted into credits. _
Less: Reserve grants and returns
Net credits . _ _
New credits
Plus: Prior grants converted into credits.. _ . - .
Less' Principal collections
MILITARY GRANTS
Net grants 1
Gross grants
Less: Reverse grants and returns
_
_ .
Western Europe
(excluding Greece and Turkey) :
Net grants l
Near East (including Greece and Turkey) and Africa:
Net grants
Other Asia and Pacific:
Net grants
American Republics:
Net t'Tants
Unspecified:
Net Grants
OTHER GRANTS AND CREDITS
Net grants and credits
Net grants
Gro4^ new grants
Less: Prior grants converted into credits __ . _ ..
Less' Reverse grants and returns
Net credits
New credits
Plus: Prior grants converted into credits
Less1 Principal collections
Western Europe
(excluding Greece and Turkey) and dependent areas: 2
Net grants and credits
Net new grants
Net new credits
Prior grants converted into credits . . _ .
Austria:
Net grants and credits
Net grants
Net credits _. _
_
Belgium-Luxembourg :
Net grants and credits
_
. __
Net grants
Net credits _ .._
Denmark •
Net grants and credits
Net grants
Net credits
_.
France:
Net erants and credits
Net new grants
Net new credits . .
Prior grants converted into credits - . .
Germany:
Net grants and credits
__ . . . _
Net new grants
N e t n e w credits. . . _ _
__
___ .
Prior grants converted into credits -- .._
Italy arid Trieste:
Net grants and credits
Net grants
Net credits
Netherlands:
Net grants and credits.. _
Net new grants
Net new credits
Prior grants converted into credits
._
Norway:
Net grants and credits
Net new grants
Net new credits
Prior nrant? converted into credits
Spain:
Net grants and credits
Net grants
Net credits
.
_
United Kingdom:
Net grants and credits
Net new grants.
Net new credits
Prior grants converted into credits _ . _ . _ - .. .
Yugoslavia:
Net grants and credits
Net new grantsNet new credits
.
__
Prior grants converted into credits
Other and unspecified Western Europe: s
Net grants and credits
Net grants _ .. Net credits . .
. .
Eastern Europe:
Net grants and credits
Net new grants. _ . _ _
_ ._
... _
Net new credits
Prior grants converted into credits ~
Total
postwar
period
Before
Korean
invasion
Fiscal year 1955
Total
Fiscal
year
1951
Fiscal
year
1952
Fiscal
year
1953
51, 336
40,349
44. 099
2, 256
1 493
10,987
12. 116
2,256
3, 386
26, 260
16, 974
19, 105
1, 256
874
9,286
9,334
1, 256
1,304
25, 076
23,375
24, 994
1, 000
619
1,701
2, 783
1,000
2,082
4,408
4,254
4,392
4,609
4,277
4, 445
6,357
6,250
6,417
139
154
422
168
333
659
166
107
635
268
326
14, 663
14, 828
163
1,363
1, 364
1
13, 300
13, 462
162
1,132
1,148
16
9,028
45
8,984
1, 885
518
1. 367
3 375
797
2, 578
224
224
Fiscal
year
1954
Total
JulySeptember 1954
October- JanuaryDecemMarch
ber 1954
1955
AprilJune
1955
4,469
4,486
4," 538
1,064
1,114
1,132
1,132
1,116
1, 123
1,069
1,108
1,122
1,204
1, 148
1, 161
52
-17
443
18
-51
72
8
17
144
14
-39
65
12
56
162
528
5,232
4,107
5,201
1,000
94
1,124
624
1,000
500
460
123
128
104
106
1,789
1, 854
66
4,317
4, 378
62
3,521
3,530
9
2, 543
2,552
10
716
718
2
628
630
3
528
530
2
671
674
3
745
1, 131
3,176
2 r 362
1,570
457
413
297
404
167
218
314
382
286
69
63
70
84
189
282
770
714
623
176
134
141
173
115
21
45
43
11
13
13
5
151
4
147
31
42
35
20
20
4
5
6
5
36, 673
25 686
29, 272
2, 256
1 330
10, 987
12. 116
2, 256
3, 386
24, 897
15 fin
17, 740
1 256
873
9,286
9. 334
1 256
1,304
11,776
10, 075
11,531
1 000
457
1, 701
2,783
1 000
2,082
3,276
3, 122
3, 245
2,821
2,488
2, 591
2,041
1, 934
2,039
1,927
1,944
1,985
347
398
413
505
488
493
542
580
592
533
477
487
123
154
422
103
333
659
105
107
635
42
-17
443
15
-51
72
5
17
144
12
-39
65
10
56
162
268
326
528
1,711
586
1, 671
1 000
85
1,124
624
1 000
500
460
123
128
104
106
24, 380
17, 678
6, 703
1,970
17,894
10, 755
7. 139
970
6,486
6, 923
-437
1, GOO
2,272
2, 309
-37
1,702
1,659
43
1,087
1, 213
-126
623
824
-200
1,000
802
918
-116
166
229
-62
232
256
-24
260
293
-33
144
141
3
1,011
1. 003
8
700
677
23
312
327
-15
101
104
-3
136
141
-5
47
50
-4
20
18
2
8
13
-6
4
4
3
5
—2
1
2
-1
2
-3
730
579
151
600
420
180
130
159
-29
117
124
-8
20
19
1
2
-4
4
-7
(3)
-2
—5
-5
5
-10
1
3
-2
282
233
48
185
133
52
97
101
-4
56
56
30
30
-1
8
9
-1
4
5
-1
-1
(4)
5,403
3,915
1,488
353
3, 710
2,020
1, 691
353
1, 693
1, 895
-202
425
431
—6
403
409
-5
290
272
19
151
277
-125
422
507
-84
112
154
-42
3,868
3,677
192
1,000
3, 083
2, 867
216
785
810
-25
1,000
457
470
-13
190
123
67
19
82
-63
85
94
-9
1,000
34
41
-8
12
13
-1
2.743
2.466
'278
1,984
1,626
357
760
839
-80
272
286
-14
185
185
154
182
-28
105
119
-15
45
67
-22
1, 059
838
221
47
857
512
345
202
326
-124
140
173
-32
49
86
-38
18
44
-26
13
23
-11
309
213
96
6
192
94
98
6
117
119
-2
46
54
-8
32
28
5
20
15
5
24
25
24
25
91
35
56
6. 953
3,221
3 732
662
(3)
(4)
(4)
5, 793
1, 852
3 941
562 \
91
35
56
(3)
(3)
1,160
1, 369
-209
344
380
-36
234
250
-16
331
383
-52
-2
()
-2
(4)
(3)
(4)
4
()
2
(3)
-2
(34)
( 4)
()
(3)
(3)
(3)
-1
-1
103
119
-15
152
176
-24
55
58
-4
13
13
5
6i
4
9
-6
2
9
-7
18
23
-4
22
27
-6
3
8
-5
-18
(4)
-17
-6
1
-7
-4
2
-6
(4)
-4
-3
1
-4
13
1
12
30
34
-4
6
4
3
11
9
2
144
192
-48
106
164
-58
30
32
2
-2
53
-55
42
42
66
69
-2
6
7
i
24
24
20
21
~l
17
17
47
(3)
(3)
(3)
4
3
18
18
()
(4)
(3)
(3)
-8
-4
-5
(4)
2
2
-1
1
1
(3)
1
(4)
11
12
-i
4
42
42
1
9
-8
4
36
36
()
()
719
667
52
1
311
299
12
/
408
368
40
98
62
36
94
89
5
108
106
2
1,213
831
382
480
255
225
733
576
157
215
168
47
307
300
7
65
64
1
32
29
3
114
15
99
5
4
1
65
5
59
6
2
3
39
4
35
1,101
1,021
80
1,107
1,011
96
-7
10
-16
-2
-15
-13
2
—4
10
14
-4
5
10
-5
-1
1
-2
4
5
-1
3
4
i
-1
m
(3)
__2
-4
(3)
-1
SURVEY OF CURRENT BUSINESS
12
October 1955
Table 2.—Summary of Foreign Grants and Credits, Military and Other, by Major Country: Postwar Decade,
July 1, 1945 Through June 30, 1955—-Continued
[Millions of dollars]
After Korean invasion
Major country
Total
postwar
period
OTHER GRANTS AND CREDITS— Continued
Nrear East (including Greece and Turkey) and Africa:
Net grants and credits
Net new grants
. . ._ .
Net new credits
Prior grants converted into credits
__
. _
Greece:
Net grants and credits
Net grants
Net credits
_
Iran:
Net grants and credits
_. . _
Net new grants
Net DRW credits
Prior grants converted into credits
Israel:
Net grants and credits
..
. Net grants
Net credits
_ - _ _ . - . _ _
. . _..
Turkey:
Net grants and credits
. _ ..
Net grants
Net credits
Other and unspecified Near East and Africa: •
Net grants and credits
Net new grants
Prior grants converted info credits
South Asia:
Net grants and credits
Net new grants
•.
. ...Net new credits
Prior grants converted info credits
India:
Net grants and credits
Net new grants
Net new credits
Prior grants converted into credits
_ Pakistan:
Net grants and credits
Net grants
Net credits
..
_. - .
. _ Other and unspecified South Asia:
Net grants and credits
.
. .._ . . ,
Net grants
Net credits
Other Asia and Pacific:
Net grants and credits
Net new grants
:
Net new credits
Prior grants converted info credit*
China-Taiwan (Formosa) :
!
Net grants and credijts
1
Net new" grants
>
Net new credits
i
Prior grants converted into credits
Indochina (Cambodia, Laos, V i e t n a m ) :
Net grants
Indonesia:
Net grants and credits
i
Net grants _
Net credits
._ -- Japan and Ryukyu Islands:
!!
Net grants and credits
Net grants..- -.
!
Net
cred
its
.
_
.
.
.
_
.
.
.
.
Korea: 5
N et grants and credits
.
!
Net grants
Net credits
Philippines:
i1
Net grants and credits
Net grants
i
Net credits
Other and unspecified Asia and Pacific:
Net grants and credits
i!
Net new prants
Net new credits
\
Prior grants converted i nto credit*
_
American Republics:
1
N e t grants a n d credits ._
__...
....._
1
Net new grants
i
Net new credits
Prior grants converted into credits
_
Brazil:
;
Net grants and credits
Net grants
Net credits
Mexico:
Net grants and credits
'
Net grants
Net credits
Other and unspecified American Republics:
Net grants and credits
Net new grants . . - . .
-. .
Net new credits
Prior grants converted info credits
i
International organizations and unspecified areas: 5
!
Net grants and credits
Net grants . _
... - - - . _ - -.
!
Net credits . _ . . . . . .
- _- - For footnotes see opposite page.
i
Before
Korean
invasion
2,432
1,931
501
9
846
615
231
9
1, 275
1,200
75
776
676
99
|
Fiscal year 1955
-p. cal | Fiscal
y j ar
year
1952
19 51
Total
1,586 i
1,316
270
Fiscal
year
1953
| Fiscal
year
1954
July- i October- JanuarySeptem- Decem- \ March
1 ber 1954 ber 1954 j 1955
Total
242
172
70
429
369
61 1
292
255
37
'
294
260
34 1
329
260 !
68 !
124
126
-2
183 !
188 i
-4 |
97
103
-6 i
54
60 i
-6
2
1
12 !
10
1|
68
68
'
60
59 !
1
499
523 |
-24 j
>l
i
56
46 i
9 !
83
73 ;
10 :
39 ;
45 i
-6 *
3
5
-2 !
86
56 I
30 !
14 !
14 i
1
22
22
35 i!
30
5 ;
10 !
10 i
(3) |
!
AprilJune
1955
79
71
8
112
70
41
9
10
-1 ;
14
16
-2
13
13
-1
!
8
8
41
11
30
8 !
7 i
1|
5
6
-1
13
7
o
-1
!
196
150
46
9
14
1
13
9 i
182
149
33
359
231
128
33
1 i
32
326
230 i
96 !
54
18
36
105
63
41 :
15
15 i
|
|
72
60
13
312
219
92
75
9
66
236 1
210
26 !
30
1
29
78 i
70 !
8 ;
45
50
-5 i
35
3S I
-4 j
47
50
-3
6 '
7 i
-1
17 '
18
-1 i
15
16
-1
291
131
160
-52
-72
20
343 i
203 j
140
33
27
5
51 !
37 ;
14 !
63 !
27 i
35 {
7C i
33
43
121
79
42
22
9
12
26 !
15 i
11 !
36
25
12
37
29
505
241
264
12
-26
38
492
266
226
15
7
7
190
14 I
176
70 !
32
38
!
117 ;
114
2 ;
101
99 i
2 j
|
12
11 |
i
15 !
14
i
(3)
j
35
34
1
40
39
1
328
103
225
12
-26
38
316
128
187
5
5
171
2
169
46 1
28
18
3C)
3C) |
64
64
9 !
9 I
8 :.
8 i
24
24
23
23
19
4
8;H
81J i
30 !
30 I
2 i
2 |
5 !
5 j
9 •
9 i
15
15
6
t-1 |
]1
!2 |
6
4
2 !
1 I
1 i
i
3
1 '
1 :
i
9 \
9
133
118
15
(3)
(3)
44
20
24 i
6,274
5 905 i
368
303
2,470
2,410
60
1,179 1
1,158 1
21 :
820 '
743 :
77 ;
81 ;
64 i
17 !
1
1,008 i
259 !
750
!
1 1
1 ;
\
;
15
44
20 I
24 !
10
2
7 |
19
12
6
2,310 i
2 212 !
98 ;
599 1
577 !
22 !
446
414
31 i
359 <
377
-18 i
819 i
750 ;
69 {;
51
361 ;
374 |
-14 i
25
33 !
-7
89 ,'
92 ;
-2 ,
94 !
96 !
-2 ;
1
303 ;
4
22 •
24
37 \
216
22
7
15
19 i
4 i
16 ;
23 !
14
5
9
3,963
3 693
'270
(3)
241
104
137
(3)
(3)
133
118
15
(3)
(3)
1, 180 !
1,124
56
51
( 3)
•
(3)
5
I
(3)
(3)
(4)
77 :
20
56 !
1,973
1,959
14 !
497 ;
451 :
46
323
325
—3
126
97
30
367 '.;
346
812
812
104
104
160
160
189
189 ,
620
555
65
200 :
188
12
143
109 '
34
7
18
-11
27
26 ,
2 |
19 ,
-1 ;
20
1 -
62
65
-3
-2 ;
-i ,
343
127
217
665
132
533
94 i
14 ,'
79
28
17
11
458
21
437 |
69
9
59
221 |
105 i
116
149 '
83 :
67 ;
329
133
196
2
125
35
90
2
973
907
66
731 |
692
38
i
390
12
378
;
i
!
i
521
541
-19
i
76 '
77
-1 i
76
77
-1
j
164
84
80
21
38 3
30^i '
8JJ S
71
22
49 i
!
;
1
3 i
-7
-8
5 !
-3
i
19 ;
20 '
18
18
(4)
"
;
9 '
2 '
2
'
75
93
(3 )
2
1
1
3
— 11
1
-12
15 i
15 2
207 !
207 ;
56
56
46
46
39
39
66
6fi
8
20
-11 I
15
16
-l ;
5
3
2 :
3
5
-2
6
4
1
2
4
15
13
4 •
1 :
2
1
9
10
;
61
5
56 ;
21
1
20 .
:
34 '•
21
14 i
2 '
-7 i
33 •
15 |
12 i
2
5 i
2:
102
49
52
2
i
25
10
15
2
0)
23
10
13
i :
(4)
0)
1 '•
1
;
16
16
32 ;
11
21
30 ;
16
13 ;
i
20
23 ;
-3 i
'
1
26
43
-16
,
j
5 =
9
-4
';
242
215
27
57 !
42 j
15 i
41 i
28 i
13 1
41
36
6
36 |
42 j
-6 1
66
66 i
0)
i
14 i
11 |
2 i
17 i
17
1 !
2
9
-7
!
1
2
0)
8
9
-1
44
16
1
41
!
:
1
39
-1
20
20
28
-4
-1 i
12
11
1
(3)
;
10 ;'
13
-3 :
-2
2
-4
:
96 j
5 i
91 ;
:
18
18
—7
3
—10
204 '.
98
106 ;
_-i
1
21
21
21
3
19
205
2
204 j
2 '
178
192
—25
(*}
—25
132 '
3
129 ;
5 :
1
(<)
39
10
1
8
246
30
216
-3
i
(<)
196
21
175 ,
1
136
145
-9
1
—22 :
7
—29
73 :
!
!
131
113
19
-i
-2
s :
17
18
(3)
78
90
-13
;
,
1
1 i
!
i
(3)
(3)
-i
-1
1
82
—12
20
—32
19
20
1
13 i
(3)
10
10
-4
;
7
1
14
I
17
19
_2
October 1055
SURVEY OF CURRENT BUSINESS
for military construction in Spain. Another $24 million
was disbursed as a United States Government grant to
Vietnam from francs advanced by the French Government
pending receipt of the farm products.
Last year, Congress through the Agricultural Trade
Development and Assistance Act established a 3-year program to expand the export of surplus agricultural commodities by another $700 million against pa%yrnent in foreign
funds. Agreements for the sale of commodities (including
ocean transportation) for $361 million in such funds were
signed through the end of the fiscal year. About $150
million of the currencies to be realized under these agreements will be used for loans; much of the rest will be used for
the payment of United States current expenses abroad.
Actual deliveries under this program started in February
and amounted to $73 million by the end of June. None of
the currencies thus acquired were expended, although
authorizations for long-term credits totaling $66 million were
signed in fiscal year 1955.
Meanwhile, the Commodity Credit Corporation has also
made some sales for foreign currencies outside of these programs on the basis of assurances that other Government
agencies would purchase—with dollars—these currencies to
use in their i on tine operations. Sales of this nature were
made to Spain ($19 million) in fiscal year 1954, and to
Brazil ($7 million) and to Germany ($4 million) last year.
Over half of the Spanish pesetas were disposed of last year.
Substantial netv sales for seen
The Mutual Security Act this year requires agricultural
sales of $300 million, and the Agricultural Trade Development and Assistance Act was amended this year to double
its potential program by raising from $700 million to $1,500
million the limitation on the cost of commodities which the
Commodity Credit Corporation may deliver without receiving dollars in exchange for its foreign currency proceeds.
Actual export values under the latter program may be
substantially below CCC cost; sales already negotiated
totaling $361 million represent a cost value of $469 million.
To the extent that the foreign currencies received can be
sold by CCC for dollars to other Government agencies, other
exports can again be financed.
The effect of these large sales programs will be to continue
the outflow of United States Government short-term capital
at a significant rate for some time.
Half billion to France
Cash payments to France in fiscal year 1955 aggregated
more than $500 million. Most of these payments were
made from the three-quarter billion dollars originally proAdded by Congress and through Presidential transfers to
help defray French and Associated States costs of forces in
Indochina in calendar year 1954. Disbursements of $434
million last year followed initial payments of $96 million in
fiscal year 1954.
Other nonmilitary grants to France approximated $80
million last year as contrasted with over $200 million in
fiscal year 1954. These other 1955 grants to France just
offset the annual French repayments to the United States
Government on postwar loans.
Following the cessation of active hostilities in Indochina
the United States Government began to furnish aid to each
of the three states—Cambodia, Laos, and (South) Vietnam—
1. Includes supplies, services, and contributions to the multilateral-construction program
of the North Atlantic Treaty Organization.
2. Because of the inclusion of dependencies in the grouping "Western Europe," data shown
for other groupings, particularly "Near East and Africa," are correspondingly understated.
3. Less than $500,000.
4. Negative entry of less than $500,000.
13
individually rather than to the area or to the French for use
in the region. Collectively, over $216 million in nonmilitary
assistance was given these countries last year. The first
large payment of $29 million was made in December 1954 to
Vietnam to assist in resettlement of the many refugees from
communist north Vietnam after the cease-fire negotiations.
Financial contributions of $60 million more in dollars and
$32% million in French francs were made by the United
States Government to Vietnam, while over $28 million was
given to Laos and $14 million to Cambodia, Much of these
expenditures was for direct forces support.
Other Asia
Deliveries of economic grant aid to Korea—the other
Asiatic nation which has recently been a battle locale—also
rose as rehabilitation assistance flowed in. Total transfers
last year at $207 million were one-third greater than in
fiscal year 1954, when Korea had been the leading recipient
of United States Government net foreign economic assistance.
Korea also received major amounts of agricultural commodities for which it paid in the local currency. Quarterly
deliveries to Taiwan (Formosa) were stable, at the same rate
as the preceding year.
In South Asia, deliveries to India, contracted under appropriations for earlier periods, doubled after January 1955.
Economic and technical assistance to Pakistan rose throughout the fiscal year 1955 but total grant transfers were considerably less than in the preceding 12 months, when $69
million in wheat was given by the United States after a
disastrous crop failure.
Disbursements of new loans to Japan by commercial agent
banks of the Export-Import Bank were off to $59 million by the
year ended June 1955. No United States Government funds
were actually expended, but the Government assumed the
risk of defaults on these credits. These disbursements were
more than offset by Japanese repayments of earlier loans
drawn directly from the Export-Import Bank and from
commercial agent banks.
Africa and the Middle East
Disbursements of $30 million during the spring from the
new $32-million mutual security loan to Iran contributed
materially to the rise in net economic assistance to the Near
Eastern region in fiscal year 1955. For the fiscal year assistance to Iran increased by $18 million to $86 million, ranking that country fifth among the world-wide recipients of
United States Government "nonmilitary" aid.
Israel drew $5 million of the $20-million newly committed
mutual security loan, but grant payments were off by half
from the $60-million annual rate during the preceding 2
years. Transfers to Greece continued a 3-year decline.
Deliveries to Turkey on the other hand increased.
Grants to other countries in Africa and the Near East more
than doubled to $79 million. Large shipments of cheese and
butter oil donated by the Government and distributed by
American private voluntary relief organizations brought the
annual total for Egypt to $16 million. Assistance to Jordan
increased to $13 million and to Libya to $10 million, while
United States payments to the United Nations Relief and
Works Agency for Palestine Refugees for use in the Arab
states reached $23% million. Grants to Libya in the March
1955 quarter included the annual $4-million payment stipulated in the exchange of notes on economic assistance of
September 9, 1954.
5. Includes aid furnished through international organizations.
NOTE.—For principles of valuation, sources, and methods see technical note in SURVEY,
October 1954, p. 20. Data for fiscal year 1955 are preliminary and partially estimated.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
14
Aid to Europe
Excluding the considerable payments to France in connection with the defense of Indochina, annual United States
Government net grants and credits to Western Europe were
down one-third in the year ended June 1955. The decline
affected every country but Spain and Yugoslavia. In the
case of Italy, however, the reduction was to some extent
offset by its increased imports of agricultural commodities in
exchange for short-term liabilities to the United States (see
table 3).
Wheat and butter were exported to Yugoslavia during the
past year as relief to meet emergency needs including the
aftermath of the Danube River flood last fall. These shipments more than compensated the decline in other grants to
Yugoslavia. Yugoslavia was also able to purchase, without
dollar outlay, $74 million in wheat and cotton. About half
Table 3.—Change in United States Government Short-Term Assets
Acquired Through the Sale of Agricultural Commodities
[Millions of dollars]
Fiscal year 1955
Source, authority, or country
Total
Fiscal
year
1954
Assets
held
July- Octo- Janu- April- June
aryberSepTotal tember Decem- March June 30, 1955
1955
1954 ber 1954 1955
128.7
270.3
62.3
21.4
101.4
85.3
399.0
143.9
362.7
80.7
33.4
116.4
132.3
506. 6
October 1955
of the dinar proceeds of these sales to Yugoslavia will be
used for economic assistance in fiscal year 1956; the remainder
are to be used for United States military procurement and
payment of other Government obligations.
Significant in the nonmilitary assistance given Spain in
recent periods is the decrease in loan disbursements and the
initiation of grants in the December 1953 quarter. Last year
United States Government transfers to Spain rose to $30
million. However, a large part of these transfers are made
in exchange for local currencies which, under Article V (3b) of
the economic aid agreement of September 1953, will be used
to meet our cost of construction and maintenance of United
States military facilities in Spain.
These transactions are in addition to sales of farm products
from the United States valued at $72 million during the last
two fiscal years the proceeds from which will also be used
largely for military purposes.
Direct forces support payments to the United Kingdom
totaled $107 million in fiscal year 1955. Of the total, $85
million was expended from the appropriation to assist the
United Kingdom in the manufacture of over 375 aircraft for
use by RAF in defense of the NATO area. Other support
payments of $22 million were made with the sterling proceeds
from the sale of farm products, compared with $15 million
in fiscal year 1954. As was the case in France, the decreasing
amount of other economic grants to the United Kingdom
($55 million, net) about equaled its annual repayments on
postwar debts ($56 million).
Resulting from:
Sales (currency claims acquired)
Currencies advanced
by foreign
Governments l
Less: Currencies expended for:
Grants
Credits._- _ _ _ _ _
Offshore procurement
Other Government operations
22.5
1.9
24.4
14.7
77.7
5.4
19.0
14. 4
9.4
32.4
1.4
21.6
5.4
17.6
92.4
5.4
19.0
.5
14.6
4.1
2.G
3.7
4.2
15. 1
110.0
197.5
66.3
20.0
56.3
54.9
307. 5
44.1
29.2
73.3
%4-4
By enabling authority:
Mutual Security Acts -_
Agricultural Trade Development and Assistance Act
Commodity Credit Corporation charter
73.3
2 -.5 2 -4.1
1.4
.9
1.2
18.2
100.2
135.6
6.3
50.1
47.6
235. 8
.2
1.3
31
6.7
9.0
35
1.5
.8
.8
13.8
19 3
.'5
1.4
.6
.3
2 -7.4
11.6
4.7
1.5
3.9
7.5
23. 5
22.8
.9
3.1
.9
3
3
20
1.7
29.4
27.5
1.3 2 -1.2
21.8 2 -6.7 2 -4.5 2 -8.9
24.7
73.7
13.4
9.8
12.9
.6
35. 5
16.4
6.1
15.0
4.0
2.3
56.9
15.1
98.4
32.7
18.0
56.5
12.4
2 7
7.8
9.7
.1
4.2
2 -2.7
2.9
13.5
1
17.4
14. 2
24.8
4.6
5.7
11.5
4.6
5.2
5
1 2
9.8
.5
10.3
18.7
By area and country:
Western Europe
Denmark
Finland
Franco
Germany
Italy
Netherlands
Norway
Spain
United Kingdom
Yugoslavia
1.2
Near East and Africa. _
Egypt .
Greece
Iran
Israel
Turkey
- . •
South Asia
_ _.
Other Asia and Pacific
China-Taiwan (Formosa) _.
Japan
Korea
American Republics
Bolivia
Brazil
Peru
.8
7.5
1.1
12.9
55.3
3
()
4.6
.1
17.4
.8
1.2
13.0
24.8
2.3
1. 5
.4
11.1
.8
.4
.8
9.8
5
.8
26.8
60.0
30.0
6.7
12.9
86.8
4.6
22.2
19.4
15.7
24 9
4.5
25.5
1.1
5.8
8.0
.7 2 -2.9 2 -7. 6
5.2
14.7
5.0
23.9
37.9
24.9
._
Afghanistan
India
Pakistan
31.5
8. 3
3.7
3.6
1.1
67
.6
.3
3.3
.2
3.3
1.1
8.3
.5
1.1
6.7
.6
.6
1. Represents net amount of advances of francs by French Government against which future
deliveries of commodities are to be made.
2. Use of foreign currency exceeds new accruals.
3. Use of foreign currency exceeds new accruals by less than $50,000.
Source: U. S. Department of Commerce, Office of Business Economics.
Military aid to Europe off
The greatest part of the contraction in military deliveries
has been to Western European countries. This continues
the trend which followed the large build-up of NATO forces.
Since fiscal year 1953 there has been a 50-percent decrease in
annual transfers. This decline in shipments follows the
decline in appropriations during recent years.
The June quarter 1955 increase in military grants to
Europe shown in table 2 in part reflects the $47-million payment of the United States to the multilateral-construction
program designed to provide supporting facilities for NATO
operations. Such payments for the entire fiscal year totaled
$83 million—down $21 million from fiscal year 1954.
Through June 1955, the United States has paid $286 million
from the $780 million which the Congress had authorized as
the United States share of a total $2-billion program.
Over one-fourth of the military goods transferred abroad
in fiscal year 1955 was purchased under the "offshore procurement" program, as contrasted with one-eighth in the
preceding year. Actual deliveries from 1952 and 1953
offshore procurement contracts were valued at over $600
million in fiscal year 1955, an increase of about 50 percent.
Total deliveries under offshore procurement contracts since
the beginning of the program approximated $1}^ billion by
the end of June 1955.
Vessels loaned to Asia
The trend of military grant transfers in the Asia and
Pacific area has also been downward, but the decline since
the fiscal year 1953 peak is only 25 percent. However, last
year's transfers are understated for the value of deliveries
from United States Armed Forces stocks to the Japanese
security forces under section 108 of the Mutual Security Act
of 1954 is not available for inclusion in these statistics.
In the Asian area the value in fiscal year 1955 includes an
estimate of $83 million for transfer of naval vessels under
Public Law 188, approved August 5, 1953. In 1954 and
1955 agreements were signed with the Republic of China,
Japan, and Korea to transfer vessels under this authority.
by Loughlin F. McHugh and Jack N. Ci
External Financing of
Small- and Medium-Size Business
SINESS firms differ greatly in their reliance on outside
capital. Some concerns are inclined to avoid external
financing, if at all possible, and to limit their capital programs
to funds available from their own resources. Others seek
outside funds for financing their operations.
The nature and extent of external financing also depends
on the availability and sources of funds. Large and established businesses typically raise a sizable proportion of
their capital needs in the organized security markets. The
use of such sources by small business is extremely limited
because of the cost of floating the relatively small amounts
Outside Funds Wanted and Obtained
Percent Distribution of Established and
Newer Firms in Survey
(Twelve Months Ended June 30, 1954)
OUTSIDE FUNDS WANTED:
NO FUNDS OBTAINED
SOME FUNDS OBTAINED
ALL FUN.DS OBTAINED
OUTSIDE FUND9
NOT WANTED
ESTABLISHED
FIRMS
NEWER
FIRMS
. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
65-55-7
needed and because the concerns are typically local businesses not widely known to potential investors. Smaller
firms obtain nearly all of their external financing from banks
and other local institutions and to a lesser extent from
N O T E — M R . McHUGH IS ACTING CHIEF AND MR. CIACCIO IS A MEMBER OF THE NATIONAL ECONOMICS DIVISION, OFFICE OF BUSINESS
ECONOMICS.
suppliers, acquaintances, and relatives. New firms, generally
with unproved earnings potentials, also rely primarily upon
banks for their external funds. They are, however, more
dependent than established firms upon acquaintances,
relatives, and associates for their capital needs since local
institutional lenders and suppliers may hesitate to supply
even the temporary capital needs of untested enterprises.
OBE survey of financing
These aspects of outside financing have long been recognized, but there has been a dearth of quantitative information of general scope. For this reason, the Office of Business
Economics undertook a broad sample survey of small- and
intermediate-size business financing.
Firms were asked to report their gross demand for outside
funds in the 12-month period ending June 30, 1954. Information was sought on both equity and loan funds wanted.
It was requested that firms report gross use of loan funds, i.e.,
total Joans made during the period (counting each renewal
separately) rather than amounts of loans outstanding at any
point of time in the survey period, or net changes in liabilities
over the period.
In addition, inquiry was made as to the sources of financing,
duration of loans, repayment requirements, interest charges
and other pertinent characteristics of the desired funds.
Personal interviews were later conducted with a subsample
of firms which did not obtain the financing desired in order
more adequately to analyze the nature of their demands.
Within the industries covered—manufacturing, contract
construction, wholesale trade and retail trade—the "universe" from which the surveyed firms were drawn consisted
of single-unit firms with one or more paid employees which
were in existence in early 1951 or which were newly formed
in the 1951-53 period. In general, multi-unit (generally.the
largest) firms were explicitly excluded because sufficiently
detailed information is available to permit rather intensive
study of the financing of these firms. Apart from the
multi-unit concerns, the principal group of firms omitted
was firms with no paid workers. Sampling difficulties prevented coverage of these latter concerns.
While the very small—zero employee—firms were not surveyed, those which were covered are essentially small and
intermediate size businesses. Ninety-five percent of the
respondents employed less than 50 paid workers, and almost
90 percent employed less than 20 workers at the time of the
survey. On the other hand, none of the very largest firms in
the industries surveyed was included. Fifty firms, or 1 percent of the respondents, employed more than 250 employees
and 17 firms had more than 500 employees.
The method of choosing the sample permitted a clear division of the study between the fairly well established and the
more recently formed firms. A request was made for additional financial details on the latter firms' experience with
respect to their initial capital requirements; the response to
these questions will be analyzed in a subsequent report.
15
SURVEY OF CURRENT BUSINESS
16
Questionnaires were sent to roughly 15,500 firms, one-half
of which were older businesses reported to be in operation in
the first quarter of 1951; the remainder were newer concerns
starting business after March 1951. In view of the known
relatively high turnover rates of smaller concerns in the
business population it was expected that a sizable proportion
of the firms on the original list would be out of business by
the time of the survey in late 1954. On the basis of survey
findings, it is estimated that roughly 9,000 of the firms were
still in business during the survey period. Usable responses
to the questionnaire were received from 5,000 of these operating concerns, an exceptionally good response rate for a mail
survey of this type, A more detailed discussion of the structure of the sample of respondents is presented in the technical
notes at the end of this review.
Economic conditions in the survey period
The survey results should be interpreted in the light of
prevailing business conditions. In general, it would appear
that the period reviewed—-the 12 months ended June 30,
1954—was well suited for a study of financing under conditions of generally high but fairly competitive conditions.
Outside Funds Wanted and Obtained
Percent Distribution of Established Firms in
Survey, Classified by Employee Size
(Twelve Months Ended June 30, 1954)
PERCENT
100 ~
OUTSIDE FUNDS WANTED:
NO FUNDS OBTAINED
SOME FUNDS OBTAINED
75 —
ALL FUNDS OBTAINED
50 —
25 —
OUTSIDE FUNDS
NOT WANTED
LESS
THAN
20
20
TO
99
100
OR
MORE
EMPLOYEE-SIZE GROUP
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
While business was generally favorable, inventory liquidation was prevalent, and some uncertainty as to future trends
was noted.
The overall trend of business was slightly downward in this
period. From mid-1953 to mid-1954 gross national product
declined 3 percent, but at that later date output was still
October 1955
close to the all-time high. The following figures summarize
the trends in the particular industries surveyed:
nation dollars
Jn ne
Sales
ManufacturersWholesalers
Retailers
1955
1954
25. 7
23.6
9.5
14.7
Construction activity
Value put in place
3. 22
9. 9
14. 6
Percent
change
o
<
1
3.36
As may be seen, in the construction and retail groups, activity at the end of the survey period compared favorably
with that of the start of the period. While the overall
business decline centered in manufacturing, even within this
industry there was considerable variation in trend. The
downward movement of sales was largely confined to producers of durable goods, while for the nondurable goods
groups sales were relatively stable throughout the survey
period.
However, because of the stepped up degree of competition
during the survey period, profit margins were reduced and,
on a relative basis, apparently more so for the smaller size
firms than for the larger firms. These competitive conditions
may have tended to make lenders somewhat cautious in
their lending policies to all businesses, and more particularly
to smaller concerns. On the other hand, monetary authorities were pursuing policies aimed at easing the supply of loan
funds available during this 12-month interval as a counteracting force to the downward drift in business.
Findings of Survey
More than half—56 percent—of all firms in the survey
indicated no desire
for outside financing during the survey
period (table I).1 As may be seen from the chart on page 15,
established firms more frequently reported no need for
financing—57 percent of the concerns—than did more
recently formed businesses, but 47 percent of the newer firms
were also in this category. While the greater financial
independence of established firms probably reflects a number
of circumstances, it would appear that these concerns in
large part tend to have better earnings records than the
newer firms, and hence are probably better able to build up
an equity cushion in their businesses. Most new firms
experience low profits or even losses in the early years of
operation and hence are more likely to require or desire
outside financing aid.
The more pronounced tendency reported by older concerns to depend on internal financing occurs despite the fact
that these concerns were typically larger than the newer
concerns; as noted later, larger firms tended to resort more
frequently than smaller firms to outside sources for their
financing.
In connection with these comparisons of new and established firms it should be stated that the established firms
make up by far the preponderant share of the business
population at any given point of time. Thus, the consolidated data covering both newer and established concerns
reflect this comparative weighting. The division is shown
in order to examine the differences between newer and established firms.
The only significant industrial difference in the relative
financial independence of firms appeared to be in retailing
where 60 percent of the businesses felt no need for external
1. All estimates in this review of findings of the survey are adjusted, where necessary,
for over- or under-sampling in the original list, response differences among industries and
among firms of different size, and biases due to probable differences in characteristics between respondents andnonrespondent firms still in operation. Further reference to these
adjustments is made in the technical notes at the end of this review.
SURVEY OF CURRENT BUSINESS
October 1955
financing*. This compares with a 50 percent ratio of firms
in other industries. There is no clear-cut explanation for
this difference, although it is possible that the smaller size
of retailers and their more typical tendency to rely on family
financing may account for some of the difference.
17
amounted to one-fourth of the total reported in the survey.
Further examination will be required to evaluate the nature
of the unfilled demand. Additional information on the financial situation of a sample of the survey firms has been obtained but as yet has not been fully analyzed. However, a
few significant considerations should be borne in mind.
High proportion with requirements met
About one-fourth of both the established and new firms not
only wanted outside funds but obtained all that they desired.
It may be noted that if account is also taken of those firms
which reported a willingness to depend entirely on internal
financing, roughly 80 percent of the older firms and 70
percent of the newer firms had the desired financing either
from internal or external sources.
The greater proportion of newer concerns with unmet
demands reflects those firms which obtained some but not
all of the funds wanted. One in 5 of the newer concerns
surveyed reported partially met demand, whereas the proportion was roughly 1 in 8 for the older firms. Roughly 1
firm in 15 obtained no outside financing although they
reported a desire for such funds; there was no appreciable
difference between the older and newer firms in this respect.
Size of Loans Wanted
Median Amounts Obtained, and Wanted
but Not Obtained, by Firms in Survey
(Twelve Months Ended June 30, 1954)
THOUSANDS OF DOLLARS
5
10
15
20
I
I
25
LOANS OBTAINED
ALL FIRMS
LOANS WANTED, BUT
NOT OBTAINED .
ESTABLISHED
Loan demand dominant
NEWER
Loan capital was clearly the predominant form of financing
desired by the firms in the survey, accounting for 93 percent
of total funds wanted (table 2). Of the funds actually
obtained, 97 percent took the form of loans, with the remaining 3 percent being in equity form. Equity financing was,
however, of considerably greater importance in the unfilled
demand, accounting for one-sixth of reported unfilled requirements of all firms surveyed.
Although the equity share in total funds desired was not
large for either established or newer firms, the newer group
both sought and obtained a larger share of outside financing
in this form.
It should be noted that the survey results do not adequately indicate the relative importance of equity funds in
financing of the firms. Equity capital is relatively permanent with little or no turnover whereas loan funds may turn
over many times in the course of the firm's operations, and
hence are reflected more heavily in the gross demand figures
on which table 2 is based.
ESTABLISHED
FIRMS:
MANUFACTURING
WHOLESALE
TRADE
CONSTRUCTION
RETAIL TRADE
NEWER FIRMS:
MANUFACTURING
Outside funds obtained
Of the aggregate outside funds reported in the survey as
desired, almost three-fourths was obtained. The older firms
appear to have obtained a slightly larger proportion of funds
desired than the newer concerns. The share of loan demand
obtained was approximately three-fourths for each of the
groups. With respect to the much smaller aggregate of
equity desired, less than one-third of the established firms'
demand and almost one-half of the new firms' demand was
actually obtained. In this latter connection, it may be noted
that the newer firms tend to report a greater relative need
for outside equity funds. It should be noted that the new
firm respondents in the survey are those which had actually
survived through their formative period. They would in all
probability have been more successful in filling their equity
needs than those which did not survive. It appears also
that the greater share of equity demand filled by the new
firms reflects in part the initial capital investment of firms
entering business during the survey period.
No attempt will be made at this time to analyze in detail
the significance of the unmet demand which, as indicated,
3574870—55
3
WHOLESALE
TRADE
CONSTRUCTION
RETAIL TRADE
U. S. DEPARTMENT OF-60MMERCE, OFFICE OF BUSINESS ECONOMICS
1. Undoubtedly a portion of the unfilled demand was of a
nature which could not and perhaps should not be met under
existing institutional arrangements. A number of firms
indicated, for example, that while they wanted the money,
they felt their then existing circumstances warranted a
refusal by the lender.
2. In the survey instructions, firms were asked to report
unfilled demand only if they had a specific financing program
SURVEY OF CTRKEXT BUSINESS
18
in mind. Those firms which indicated they desired more
funds than the}7 received but which gave no further details
on their desires were not included in the calculations of
dollar amounts demanded on which the immediately preceding
discussion was based. These firms are, however, included in
the unmet category of demand in the analyses based on the
number of firms in the survey.
3. A significant portion of the unmet deniant was never
brought to the attention of lenders, as some of the reporting
firms felt that there was "no use in trying." Either from
past experience or from "common knowledge" in local trade
circles, the businessman decided that his request would get
turned clown, and hence made no effort to raise the funds.
represented one-fifth of all firms wanting funds in tin
smaller size group, and one-tenth of the concerns reporting
some desire for funds in the largest size group surveyed.
Size of loans
Size affects financing status
As indicated in the chart on page 16 and table 1 there is a
striking relationship between size of firm and desire or need
for external funds. The smaller concerns reported much
more frequently than larger size firms that they did not want
outside money. Whereas under 40 percent of the smallest
size group shown in table 1 were interested in obtaining;
capital from outsiders, the proportion was over 60 percent
for the largest size group covered by the survey. It should
be noted, however, that in the field interviews some smaller
concerns reported no desire for outside funds only because
they felt they "wouldn't stand a chance anyway."
The larger concerns were much more successful than the
smaller businesses in obtaining all the outside funds requested. One-half of the smallest size firms needing or wanting outside funds were fully satisfied with the amounts
obtained, while over two-thirds of the largest size firms seeking outside financing obtained all the funds sought. It would
appear that a major factor in the greater relative use of
external financing by the larger concerns stemmed from the
fact that these firms more typically have established satisfactory financial arrangements with their creditors, and find it
convenient to use their lines of credit.
The proportion of firms reporting that none of their external demands was filled was largest for the smaller size
groups. As may be seen in table 1, 7% percent of the firms
with less than 4 paid employees reported this condition,
while the proportion was 3% percent for the "100 and over"
group. While the difference in these percentages is not great
the clear pattern of decline in these proportions as the size of
firm increases suggests that the smaller size firms were not so
successful as the larger firms in filling their demand. It may
be noted that those wanting money but receiving none
The amount of borrowing wanted by the survey firms
ranged from less than $500 in a number of cases to severa
million dollars in a few cases at the upper extreme. The
chart on page 17 and table 3 summarize salient features of th(
loan amounts desired by firms in the survey. Mediant
rather than arithmetic means are presented since the medians
avoid the undue influence which the very large loans ma\
exert on the arithmetic mean.
If the borrowing firms are arrayed by the size of amounts
borrowed during the year, it is found that of the firms
surveyed which borrowed during the year almost one-hali
borrowed sums in the range of $1,000 to $10,000. An
additional 28 percent of the concerns borrowed in the
$10,000 to $50,000 range, while one-sixth of those surveyed
borrowed funds in excess of $50,000.
A similar distribution of the sample according to unfilled
loan demand shows that, among those unable to borrow all
or part of the funds desired, a much smaller proportion of
firms—about one-third—wanted loans in the $1,000 to
$10,000 bracket and a much higher proportion-—45 percent-—
in the $10,000 to $50,000 loan class. One-fifth of the firms
desired but did not receive loan funds in excess of $50,000.
The median amount of borrowed funds obtained during
the year by borrowers among established concerns was $8,600
and among newer firms, $4,500. The difference reflects in
part the generally larger requirements of the former group
but also, in all probability, the greater confidence of lenders
in the ability of the older firms to service the debt. The
additional amounts wanted but not obtained were equal for
the newer and older concerns, amounting to $10,000.
The median size of loans wanted but not obtained exceeded
that of loans actually obtained for both established and
newer firms. This was because the purposes for which the
additional amounts were desired tended to be quite different
and distinct from the uses to which loans actually obtained
were applied. For the most part, the unmet demand was
for permanent capital either to fill out undercapitalized
structures or for major expansions. Hence, the typical
unfilled amount was general!y of fairly sizable proportions
relative to the existing scale of operations. On the otherhand, most of the funds obtained were for working capital
purposes, more in line with the size of the firms utilizing the
funds.
Table 1.—Distribution of Firms in Survey, by Type of Firm and Financing Status
[Percent]
Enployee-size class
Financing status
All
firms
No outside funds wantedOutside funds wanted
Obtained all funds wanted.
Did not obtain all funds wanted.
Obtained some funds _
Obtained no funds
:
EstabAll firms lished2
firms
N ewer
firms3
100.0
Maimfacturing
Wholesale
trade
100.0
100.0
100.0 ! 100.0 ! 100.0
,
100.0
56. 0
44. 0
57. 1
42. 9
46. 8 1
53. 2 !
51. 9
48. 1
50. 8
49. 2
50. 9 !
49. 1
59. 7 I
40. 3 |
61. 3
38. 7
52. 3 I
47. 7 |
23. 9
20. 1
23. 7
19. 2
25. 3 ;
27. 9
25. 4
22. 7
25. 8 !
23. 3 |
29. 4 !
19. 8 ;
21. 8 1
18. 5 i
18. 9
19. 8
13. 3
6. 8
12. 6
6. 6
19. 2
8. 7
14. o
8. 4
16.
7.
14. 3
5. 5
11.
6.
12. 1
7. 7
3 i
o !
100 and
20-49
100.0
1. For discussion of method of deriving totals on which percentages are based, see technical
notes at end of article.
2. Firms with one or more employees which were in business prior to March 1951. See
technical notes for further description.
Construction
:
sii
100.0 | 100.0
100.0
100. 0
42. 5
57. 5
45. 4
54. 6
36. 2
63. 7
24. 0 I
23. 7 !
32. 1
25. 4
32. 4
22. 2
43. 6
20. 1
16. 6
7. 1
19. 1
6. 3
17. 2
5. 0
16. 8
3.4
b. Firms with one or more employees which started a new business after March 1951.
technical notes for further description.
Source: U. S. Department of Commerce Office of Business Economics.
SURVEY OF CURRENT BUSINESS
October ll)r»r>
Manufacturing and wholesaling demands high
The average demand of manufacturers substantially exceeded the overall average reported by firms in the survey
both for funds actually obtained and for additional amounts
wanted. This was to be expected in the light of the generally larger scale of operations in this industry. The lowest
Duration of Loans Wanted
Percent Distribution of Number of Loans Obtained,
and Wanted but Not Obtained, by Firms in Survey
(Twelve Months Ended June 30, 1954)
PERCENT
100 '
THREE YEARS
OR MORE
75 —
19
As noted earlier, the concept of gross demand used in the
survey is not appropriate, without adjustment, to indicate
the relative importance of long-term funds in the financing of
a given volume of capital requirements, since the turnover
rate of loans with longer durations is considerably less than
the rate on short-term funds. Loans of 3-month maturity,
for example, must be placed or renewed 4 times a year to
maintain the investment at any given level; a 1-year loan, on
the other hand, can be used for the full year. Thus, in gross
demand, for the example just cited, the short-term funds will
have a weight 4 times as great as that of long-term funds. On
the basis of the maturity schedules and repayment methods
reported in the survey for loans obtained, adjustment for this
fact indicates that the shorter (under 1 year) and longer term
funds contributed about equally to the loan funds available
to the firms studied at a given point of time.
For the most part, established firms featured, somewhat
more prominently than new firms, loans with the shorter
term maturities. Seventy percent of the loans of those
concerns were for less than a year, compared with 63 percent
for newer firms. Most of this difference reflected the greater
relative importance of 90-day-or-less paper used by the older
firms. The greater relative importance of short-term
financing for established firms is indicative of the rather
settled financing arrangements for these firms.
Table 2.—Proportion of Aggregate Demand Obtained by Firms in
Survey, Twelve Months Ended June 30, 1954 *
L Percent]
All firms i Established
firms
ESTABNEWER
LISHED
FIRMS
FIRMS
LOANS OBTAINED
ESTABNEWER
LISHED
FIRMS
FIRMS
LOANS WANTED
BUT NOT OBTAINED
Newer
firms
Loan demand
Total
Obtained
Not obtained
100
76
24
100
76 |
24 !
100
Equity demand
Total
Obtained
Not obtained
100
33
67
100
30
70
100
45
55
Aggregate demand
Total
Obtained
Not obtained
100
73
27
100
74
26
100
71
29
100
97
3
100
98
2
100
92
100
83
17
100
84
16
100
74
26
100
93
7
100
94
6
100
87
13
U. S. DEPARTMENT OF COMMERCE, OFEICE OF BUSINESS ECONOMICS
Funds obtained
average was in retailing where relatively small scale operations are typical. Wholesale trade firms also reported demand for fairly large amounts of outside funds—somewhat
larger than might have been expected on the basis of the
typical size of firm in the industry. This may be explained
in terms of the relatively short-term maturities of loans
used in this industry (table 4). The greater turnover of
these loans tends to make for relatively high gross borrowing
per firm over the period covered in the survey.
Unfilled needs mostly long-term
The findings of the survey testify to the importance of
both long- and short-term outside funds in the financing
of small and medium size businesses (chart above and
table 4). Over two-thirds of the loans actually obtained
carried maturity schedules of less than one year. Notes of
90 days or less accounted for the largest share, about 50
percent of all loans made. At the other extreme, loans made
for 3 years or longer accounted for less than 10 percent of
the total.
Total
Loans
Equitv
Total
Loans
Equitv
Funds wanted
but not obtained
_
_
___
Aggregate demand
Total
_ _
Loans
. _
.. . _
Equity
_ _ . __
. _ .. ..
0
1. For description of how these estimates were deri ved, see tech nical notes a t the end of
this article.
Source: U. S. Department of Commerce, Office of Business Economics.
The newer firms obtained a significantly higher ratio of
longer term loans—those with maturities of 1 year or more.
This undoubtedly reflects the still formative stage of capitalization which characterized the financial structure of these
firms, many of whom were still filling their basic permanent
capital requirements.
20
SURVEY OF CURRENT BUSINESS
Perhaps the most striking feature of the chart on page 19
and table 4 is the almost complete reversal of maturity
schedules in the obtained and unobtained portions of capital
demands. While short-term financing dominates the funds
obtained by small business, the funds wanted but not obTable 3.—Median Amount of Borrowed Funds Wanted by Firms in
Survey: Obtained and Not Obtained
[Dollars]
Median
amount
obtained l
Median
amount
wanted
but not
obtained 2
8,000
10,00
8, 600
4, 500
10,00
10, 00
Established firms
Construction
Manufacturing
Wholesale trade
Retail trade
8, 100
1 5, 000
14, 500
4 000
10, 00
20,00
25, 00
10, 00
Newer firms
Construction __ _
Manufacturing
Wholesale trade
Retail trade
5,000
7, 300
10, 000
3, 100
10, 00
10, 00
15, 00
7, 00
firms
All
_
_
Established firms
Newer firms
October 1955
It should be noted, however, that the disparity in maturities between funds obtained and funds not obtained is not
so striking as these proportions would indicate, since in the
unfilled category, short-term loans are essentially counted
only once, whereas in the "loans obtained" category, renewals or replacements of these shorter term loans were
also counted. Notwithstanding this lack of comparability
in concept, it is clear that the major share of total demand
which was not filled consisted of intermediate- and long-term
funds.
In the "actual financing obtained" category, both established and new retailers obtained a significantly higher proportion of their loans in long-term form than was true of
other industries surveyed. Forty percent of the number of
loans of established retail firms were of 1 year or more maturity compared with 25 percent for other established firms.
New retailers obtained 46 percent of their loans in intermediate- or long-term form whereas the comparable proportion
was roughly one-third for all other new firms. Differences
among the nonretail industries were not particularly striking.
The greater proportion of longer term financing in the capital
demand of retailers may be attributable to the fact that they
tended to rely somewhat more heavily on nonbank sources
for their financing.
Bank financing dominant
1
The median is the total amount of loans obtained by the middle firm in a ranking of all
borrowing firms by the amount borrowed.
2 The median is the total amount of loans wanted but not obtained by the middle firm in
a ranking of all firms by the specified amount of such loans.
Source: II. S. Department of Commerce, Office of Business Economics.
tained were predominantly of an intermediate- or long-term
nature. An almost negligible share of unfilled demand was
reported to be of the short-term variety. This was so both
for the new and for the established groups. The most
notable exception was in the wholesaling sector where unfilled loans of less than one year represented about one-fifth
of all loans reported as desired but not available.
The heavy emphasis on intermediate- and long-term
financing in the unfilled demand may also be seen by noting
that, whereas 30 percent of the loans actually obtained
matured in 1 year or more, 90 percent of the additional
loans desired were of that type.
Banks are by far the most important regular source of outside financing available to smaller sized business. Over threefourths of all loans obtained by small- and medium-size businesses were negotiated through banking institutions. Bank
loans to established firms accounted for 80 percent of all
loans made to this group, and for nearly 70 percent of new
firms' loans (table 5). Loans from individuals were more
important for the newer group reflecting the greater dependence of such firms on personal rather than institutional
sources in meeting permanent capital needs.
While similar "source" statistics on unfilled demand cannot
be derived, it was evident from the replies that small business
as a whole looks first to local banking institutions to meet
their additional capital needs and typically turns to other
sources, usually associates, relatives and suppliers, only
after banks have rejected the loan request.
Table 4.—Distribution of Number of Loans Obtained and Not Obtained by Duration of Loan
[Percent]
Duration of loans obtained
All loans
All loans
To established firms
To newer firms
90 days or
less
91 to 364
days
1 to 3 years
Duration of loans not obtained
3 years or
more
All loans
90 davs or
less
91 to 364
days
or
1 to 3 years 3 years
more
100.0
49.5
20.0
22.9
7.6
100.0
2.3
8.2
38.0
51.5
100. 0
1 00. 0
50. 2
43. 5
20.2
19. 1
22.0
30. 0
7. 6
7.4
100. 0
100.0
2.2
3. 2
8. 1
9. 2
35.9
52. 8
53.8
34. 8
100.0
100. 0
100. 0
100.0
60.0
52. 0
59. 3
40. 7
18. 4
20. 6
20. 3
20. 0
18. 9
17. 8
18. 1
31. 1
2. 7
9. 6
2. 3
8. 3
100.0
100.0
100. 0
100. 0
2. 7
1. 2
7.9
1. 6
8. 1
8.4
15. 7
5.4
40. 6
29. 5
34.2
43. 4
48. 6
60. 9
42. 2
49. 6
100. 0
100.0
100. 0
100. 0
40. 1
45. 1
62.6
37. 5
24.4
20.0
16. 3
16. 1
25. 6
28. 8
18. 4
38.2
9. 9
6. 1
2. 7
8.2
100. 0
100.0
100.0
100.0
1. 2
2.4
6. 3
4.3
11.0
7. 1
12. 5
7.4
63. 4
47.6
40. 6
50.0
24. 4
42. 9
40. 6
38.3
Established firms
Construction
Manufacturing
Wholesale trade
Retail trade
_
_
Newer firms
Construction
Manufacturing
Wholesale trade
Retail trade
Source: U.S. Department of Commerce, Office of Business Economics.
SUEYEY OF CURRENT BUSINESS
October 1955
Cost of borrowing
21
Technical Notes
Firms reporting cost of borrowing indicated that prevailing charges in the survey period were typically at or
below 6 percent. Loans specifying these rates accounted
for 90 percent of the total number obtained. New firms
reported paying the higher rates somewhat more frequently
The list of firms surveyed was taken from the records of the Bureau of
Old Age and Survivors Insurance of the Department of Health, Education, and Welfare. The original sample of "established" firms was
derived from single-unit concerns with one or more employees which
were in business in the first quarter of 1951. This was supplemented
by a sample of new firms formed in the period from the first quarter of
1951 through the end of 1953, the latest date for which information on
such firms was available.
Table 5.—Distribution of Number of Loans Obtained by Source of
Loans
[Percent]
Coverage of sample
All sources
All loans
To established firms
To newer firms
Bank
Individual 1
Other 2
100.0
78.3
9. 1
12.6
100. 0
100. 0
79. 3
68. 8
8. 4
15. 7
12 3
15. 5
Established firms
Construction
Manufacturing
Wholesale trade
Retail trade
100. 0
100. 0
100. 0
100. 0
83. 1
80. 3
79. 3
76. 8
3. 5
8. 5
10. 1
9. 2
13. 4
11. 2
10. 6
14. 0
Four industries were covered in the survey-manufacturing, retail
and wholesale trade, and construction.
Since firms with no paid employees were not required to report to
BOASI, they were not represented on the original listings from which
the sample was drawn. These firms were not canvassed because an
adequate sample of these concerns could not readily be obtained.
Table 6.—Distribution of Number of Loans Obtained by Interest
Charged on Loans
[Percent]
Interest rate class
All loans
Newer firms
Construction
Manufacturing
Wholesale trade
Retail trade
100. 0
100. 0
100. 0
100. 0
70. 5
67. 9
70. 6
67. 7
13. 4
12. 2
16. 4
18. 7
16. 1
19. 9
13. 0
13. 6
1
2
Partner, corporate official, acquaintance, or relative.
Insurance companies and other financial institutions, supplier, equipment dealer, factor,
government and other.
Source: U. S. Department of Commerce, Office of Business Economics.
than established firms, but these newer concerns also obtained
a significant number of loans bearing no interest charge,
generally loans from friends or relatives. This was particularly true of new retail concerns. Practically all of the
loans shown for the "less than 3 percent" category in table
6 were of this type. At the higher extreme shown in the
table—10 percent interest and over—the newer firms had a
significantly higher proportion of loans obtained.
All loans
To established firms
To newer firms
Less
10 per3-5.9
6-9.9 cent
than
and
3 percent percent percent percent over
100.0
100.0
100. 0
4.9
4. 6
7.9
47.1
48.9
32. 1
39.3
38.3
47. 6
5.6
5.3
7. 3
3.1
2. 9
5. 1
100.0
100.0
100.0
100. 0
4.6
4.6
4. 1
4.8
34. 6
58.0
53. 2
38. 7
51. 7
30.3
35. 8
46. 5
7. 6
4.9
2.3
6.4
1. 5
2.2
4. 6
3. 6
100.0
100.0
100.0
100.0
6. 1
6. 1
5. 1
11. 2
30.8
34. 3
42. 6
28. 2
48. 7
44. 6
44. 9
49. 4
7.2
11.7
1.5
6.9
7.2
3. 3
5. 9
4. 3
Established firms
Construction
Manufacturing
Wholesale trade
Retail trade
Newer firms
Construction
Manufacturing
Wholesale trade
Retail trade
Source: U. S. Department of Commerce, Office of Business Economics.
Unsecured loans predominate
Over three-fifths of all surveyed loans in the period studied
were signature loans made without support of specified
collateral. The proportion of such loans was higher for
established firms (65 percent) than for the more recently
formed concerns (54 percent).
When collateral was required, fixed capital of the business
was most frequently pledged. Such collateral loans accounted for roughly one-fifth of all loans made, and well over
one-half of all secured loans. The remaining collateral loans
were divided about evenly between those with current business assets, mainly inventories and receivables, as security
and those, pledging nonbusiness assets of the proprietors.
While there was little industrial difference in the proportions of unsecured loans within the established and new firm
groups, differences among industries were often quite sharp
with respect to the type of collateral provided. Manufacturing, retail trade and construction firms pledged fixed
business assets most frequently in their outside financing,
with proportions ranging from 52 to 75 percent of all secured
loans. Wholesalers, on the other hand, tended to greater
use of current assets, undoubtedly a reflection of the greater
relative importance of short-term financing in this industry.
Nonbusiness—mainly personal—assets were used quite extensively in retailing and by newer manufacturers.
There is some undercoverage of the group of firms which transferred
ownership in the period after March 1951. Transfers of newer firms
were explicitly excluded in drawing the new firm samples. Among the
older firms, only those transfers which could be reached by mail were
included in the respondents. Older firms which had changed hands
after March 1951 and had moved and left no forwarding address were
not represented in the survey findings.
The samples were drawn only from listings of ''single-unit" concerns—
firms which, in reporting to BOASI, file only one statement on their
operations. Practically all larger (multi-unit) firms must, as a general
rule, file separate statements on the operations of their various units.
No other size cut-off was employed. The largest concern among
the respondents was a nonborrower employing 5,700 workers in
October 1954. The largest borrower was an employer of approximately 3,000 employees. While the inclusion of even a few fairly
sizable concerns may affect appreciably aggregate dollar data estimated
from the sample of reporters, all but one (table 2) of the tables shown
in the text are based on distributions of the numbers of firms or loans.
These are not affected to any significant extent by the inclusion or
exclusion of a small number of large firms. As indicated early in the
text, all but 5 percent of the firms reporting in the survey employed
less than 50 paid workers and only slightly more than 10 percent had
over 19 paid employees.
As indicated in table A, the total number of firms in the original
sample list was approximately 15,500, divided almost equally between
established and new concerns. The files from which the established
firm sample (the employers in business in early 1951) was chosen were
arranged by size of firm within the four industry groups. In the case
of "established" manufacturers, every 84th name was chosen. For
other established firms, the sampling ratio was 1 in every 277 firms.
SURVEY OF CURRENT HUSIXKSS
22
To obtain the new firm sample, every 35th firm was chosen from
the files of firms indicating on their applications for BOASI identification numbers that they were starting business for the first time.
Procedure in obtaining results
Questionnaires were mailed (in November 1954) to all firms on the
sample lists. A followup letter and questionnaire was later sent to
one-half of all the nonrespondents who were still potentially in business.
Still later. Field Office personnel attempted to reach by phone or personal visit approximately 300 non-respondents to the "followup"
request as a further check on "in-business" status.
On the basis of these contacts it is estimated that 6,500, or two-fifths,
of the original list were out of business at the time of the survey or not
within the scope of the study. This estimate checked closely with
the studies of "mortality" patterns in the business population. The
mortality rate was substantially higher for the new firms. Over half
of these concerns were out of business compared with a ratio of one-third
for the established concerns.
Reports were received from almost 5,000, or 55 percent, of the
estimated number of firms in the sample which were still in business.
The response from established firms was considerably higher than from
the newer firms. For both groups, however, the percent responding
was exceptionally high for a mail survey of this type. Three out of five
of the older firms and almost half of the newer firms answered the
questionnaire. There was some industrial difference in the response
rate. Answers were received from over 70 percent of the established
wholesale trade firms and almost 55 percent of the new wholesale firms
still in business. Even the lowest response rate—38 percent for new
construction firms—compares favorably with experience in similarly
conducted surveys in the past.
Results obtained from a mail >ample survey of the type described
must be interpreted with care. One of the most troublesome problems
arises from the possibility of "response bias," that is, the characteristics of the firms which report may differ significantly from those of
the nonreporters. For example, it lias already been noted that the older
firms were apparently more ready than the newer to respond to the
questionnaire. And in a survey of this sort, it is especially important
to see that the findings are not distorted by more frequent response by
the "dissatisfied" firms.
Table 7.—Distribution of Number of Loans Obtained by Type of
Collateral Required
!
j
Other
v - s i Current ! Equip- fixed
- 01 e | assets
ment busine^
TM
^'l)1"1
' ' ,.
All loans
100. 0
64. 1
8. 3 ! 10. 1 I 10. 1
7.4
To established firms..
To newer
firms
.
100. 0
100. 0
65. 3
54. 1
8. 0 I 9. 5 ! 9. 9
11. 1 i 14. 8 j 11. 5
7. 3
Established firms
Construction
Manufacturing
Wholesale trade
Retail trade
100.
100.
100.
100.
0
0
0
0
[
61.
66.
65.
64.
2 Ml. 7 i 9. 7 I
6
9. 1 ! 10. 2 j
2 ; 10. 7 ! 11. 7 !
8 : 4. 0 j 7. 6 !
10.
9.
3.
13.
7
0
6
4
6. 7
5. 1
8.8
10. 2
100.
100.
100.
100.
0
0
i)
0
;
50.
53.
60.
54,
4 ! 10. 6 | 12.
5 1 10. 0 i 22.
0 i 20. 7 ! 9.
7
8. 3 I 14.
0 ! 18. 4
3 ! 12. 3
0 1 4. 8
8
8. 9
8. 6
1. 9
5. 5
13. 3
Source: r. S. Department of Commerce. Office of Business Economics.
The representativeness of the respondents can, in large part, be
checked by the use of "followup" contacts with nonrespondents.
This was done in the present study and the more significant aspects
of response bias wrere removed by appropriate weighting techniques.
Since it appeared that the nonrespondents in our survey more closely
resembled the reporters in the "followup" contact, the nonreporters
Table A.—Respondents and Non-respondents in Sample
Respondents in
business
Percent
i of total
Xurnber | number
in business
Industry
Established firms
Manufacturing _ _
Construction . . . . _ .
Wholesale trade .
Retail trade
2,991
874
651
3, 466
Total
2,091
574
451
2, 291
2,575
7,982
5,407
64
54
71
60
3,329
62
29;-!
434
180
685
50
38
54
45
1,592
44
I
N?wer firms
Total
1
650
1 , 250
3, 234
1,700
587
1 150
335
1,534
7, 562
3, 950
3,612
1.IH7
2. 40(5
6X5
350
Source: r. S. Department of Commerce, Office of Business Economics.
Thus, it is felt that the findings reported in this review are largely
free of response bias and represent fairly adequately the financial
characteristics of firms in the covered areas.
Interpretation of answers received
Regardless of how carefully questions are framed, it is at times
difficult to interpret the meaning of the response. In the present
study, this type of difficulty arose in only two important respects.
First, firms were asked, even if they did not seek to raise capital
funds, to report any serious consideration of such action. In an
attempt, to define what was meant by "serious consideration," it was
suggested that consideration of a definite amount for a specific purpose
would be considered sufficient evidence of a serious desire for funds.
Sonic firms indicated that they had such an unfilled demand, but
still gave no details in the space provided. Since the amount of demand
involved in such instances could not be adequately assessed, these
firms were excluded from computations involving estimates of mean or
median dollar amounts. They were, however, included as "unsatisfied"
firms in computations involving the number of firms.
Secondly, field interviews revealed that a number of concerns may
have reported as being satisfied with their present financial arrangements, although they had a specific unfilled demand in mind; these
firms reported in such a manner because, from general or specific
knowledge of supply conditions, they felt there was no use in trying
"seriously" to obtain funds from known potential sources.
Sampling variability
Newer firms
Construction
Manufacturing
Wholesale trade
Retail trade
were assigned the characteristics of the later respondents wherever
the possibility of "response bias" was apparent. These adjusted
results are used in the text. The returns were also weighted, where
needed, according to size, industry, and legal form by making use of
independent estimates of the corresponding universes for the firms
sampled. Also, in combining new and established firms, they were
given their "universe" weights.
Manufacturing
Construction
Wholesale trade
Retail trade
Representativeness of findings
October lt)r,r>
Findings of sample surveys cannot be precise because of sampling
variability. Even with 100 percent response to a perfectly random
sample, the findings revealed by any one sample may differ by chance
from the results obtained in a "universe" canvass. For such a sample,
the amount of variability in the findings may, however, be calculated
fairly accurately. With respect to any given estimate, the possible
"error" in the sample result depends for the most part on the number
of firms used in calculating the estimate and the degree of dispersion in
the answers of those firms. In this analysis, calculations were regarded
as significant, if the probability was that, in 95 cases out of 100, the
differences were not due to chance.
Significance checks were made for the sample data presented in the
text, and the results of these tests were taken into account in the
interpretation of the findings.
SURVEY OF CURRENT BUSINESS
October r.).V>
23
National Income and Corporate Profits
(Continued from page 8)
creases were those reported for automobiles and parts and
for metal manufacturing'. Substantial gains occurred also
in the stone, clay and glass group and in lumber.
After rough allowance for seasonal variation, the quarterly
movements indicated by sample data reflect the progressive
spreading out of the durable goods recovery since last fall.
Apart from the auto industry—which sparked the improvement—the number of durables groups reporting significant
gains became larger with each successive quarter.
In nondurables manufacturing, first-half profits were
higher this year than last for all major groups, the total
being up one-fifth or nearly $1 billion. Marked gains were
indicated for certain of the basic-material groups, notably
textiles, leather, chemicals and rubber. The advances this
year in other nondurables generally resembled the 1953-54
declines in being rather limited by comparison with those
in most durable goods lines.
Table 5,
Corporate Profits Before Tax, by Major Industries, Halfyearly, 1952-55
1954
All industries, total
DurubU'-iroods i n d u s t r i e s
Xond'imble-yoods industries
1st
2nd
1st ! 2nd
1st
2nd
1st
half
half
half ' half
half
half
half
17. 2 [ 18. 8
20. 0 i 18. 3
1(5. 0
18. 1
. <> !
.6
10.3 i
9. 7
H . I ! 5.0 !
4.2 \ 4.1 ;
.0 i
20. 6
.7
. (i i
.o :
.s
12.0 ! 9. 4
9.0 '
S. 8 ;
12.0
5.2 i
3.9 j
4.8
4.0
7.4 {
4.6 j
5.3
4.1
.7
.4
;
.() i
4.7
.()
1.6
1.8 i
1.8
2.0
5. 8
4. 0 ! 6. 3
5. 1
Source: !,'. S. I > e p a r t n i e n t of Commerce, Ofliee of Business FCconornics.
In most manufacturing industries the drop in before-tax
profits from the first half of 1953 to the same period of
1954 seems to have been less pronounced for the (generally
large) corporations whose stocks are widely traded than for
more closely hold companies, most of which are smaller in
size. Since the first half of last year there has been no clear
contrast between the profits changes for large and for
small concerns in the nondurables manufacturing groups.
Among the 12 durables groups, however, 8 show somewhat
more expansion for the larger companies and in 2 there
is no significant difference as to rate of advance. These
data suggest that the publicly-held corporations as a group
may have enjoyed some competitive advantage during the
upswing in durables. On the other hand, such comparisons
are apt also to reflect differences in experience among the
various line-of-product subgroups within an industry.
Interindustry variations in experience are of major
importance for the course of small- as compared to largecorporation profits in manufacturing as a whole. Thus the
sharp advances from the first quarter of 1954 to the same
period of 1955 in textiles, lumber, leather and other industries which include numerous small firms seem to have carried
the total profits of small manufacturing corporations as a
class up relatively faster than those of all manufacturing
corporations combined.
Other industries
The mining industry division recorded a one-fourth advance in profits through June of this year as compared to
the same period of 1954, and approached a new high.
Although transportation industry profits were also up
considerably over this period, they have not yet regained
the levels recorded in 1951-53. The demand and cost
factors apparently responsible have been discussed above.
Special mention should also be made of the effect of emergency amortization allowances, which have been deducted
in calculating the profits figures shown in table 5. The
total of such allowances has expanded considerably with the
rise in new facilities certified necessary for defense purposes.
If depreciation were charged against these facilities at
ordinary rates, a considerable part of the decline between
1953 and 1955 shown for earnings in the industry would be
eliminated.
Profits in the communications and public utilities group
continued their upward trend at a somewhat accelerated
pace this year, as the demand for industrial power and the
number of electrical home appliances in service rose. The
"all other" group shown in table 5 also registered a substantial improvement in earnings, which was associated in particular with continued growth of profits from banking and
other financial lines and further gains in wholesale and retail
trading activity.
October 195
flewor Kevited
STATISTICAL SfiRIE
1
Department Store Sales and Stocks, United States: Revised Data for Pages S-10 and S—11
[1947-49=100]
1946
1947
1950 1 1951
1949
1948
1952
1953
1954
1946
1947
1949
1948
1950
1951
Month
Without adjustment for seasonal variation
1952 1 1953
i
1954
Adjusted for seasonal variation
SALES
January _.
February
March
April
May.
June
- July
August
September
October
November
December
._.
..
- - - - - .
_
_ _..
_.
Monthly average
61
70
81
87
84
86
71
76
91
92
96
91
77
81
98
99
103
100
78
78
87
101
99
93
70
82
94
95
115
151
75
80
103
103
129
167
83
89
109
113
123
170
90
98
104
77
89
99
99
96
90
98
99
103
99
83
84
93
104
108
106
86
88
104
105
115
108
83
86
90
110
107
106
79
83
86
86
88
91
94
94
95
95
98
96
101
102
101
105
104
105
102
99
100
100
100
98
97
98
99
101
100
103
124
115
106
107
105
105
108
107
108
106
110
111
112
113
115
112
116
113
75
82
103
101
117
166
97
114
107
123
184
84
93
113
113
134
185
84
98
113
120
134
196
89
98
112
115
136
191
88
98
113
118
137
200
90
98
92
90
93
94
96
96
99
99
105
102
106
105
104
108
102
102
95
95
98
97
98
98
123
112
108
103
103
109
106
106
108
109
111
108
107
111
110
115
111
113
114
111
110
110
112
111
11
10
11
11
11
11
11
11
11
98
105
109
110
112
111
:
1C
11
10
STOCKS
January __
February
March
. _ __
April
May
June
- .-
..
.
July
August
September _ _ _._
October
November
..
December
_ _ _ __
Monthly averaere
53
57
63
68
73
75
86
92
97
96
93
87
93
103
112
113
110
102
92
97
105
104
102
94
91
99
107
108
106
98
113
124
137
143
137
126
106
112
120
122
120
111
111
119
127
132
131
122
108
114
125
127
125
116
60
62
65
68
72
76
96
96
94
93
92
91
102
105
107
108
108
108
102
100
101
99
100
99
101
102
102
103
103
103
125
128
132
136
133
133
118
117
117
116
116
116
124
125
124
127
127
128
12
12
12:
12
12
12
81
87
91
98
102
86
85
90
95
105
109
90
101
106
111
117
121
95
90
93
101
110
113
90
95
105
119
133
137
109
124
127
130
133
132
107
110
113
123
133
136
107
120
125
132
141
141
109
115
119
128
137
138
110
81
83
86
88
92
97
90
91
91
94
97
100
108
109
108
106
107
106
98
97
97
99
99
100
103
109
114
120
121
122
134
132
126
120
117
120
117
116
118
119
121
120
128
128
126
126
125
123
12:
12:
12;
1&
78
94
107
99
109
128
118
126
122
12
12:
i
1
Compiled by the Board of Governors of the Federal Reserve System. The data have been revised to reflect current seasonal patterns and to allow for changes in the samples used in computing the unadjusted indexes. Although only scattered revisions were made in the unadjusted indexes for sales, data for the entire period of revision are shown here for the convenience oJ
the user. Scattered revisions in the data for the Federal Reserve Districts will be shown later.
Turnover of Demand Deposits, Except Interbank and U. S. Government, Annual Rate: Revised Series for Page S-18 J
[Ratio of debits to deposits]
1943
Month
1944
1945
1946
1948
1947
6 centers
Januarv
July
August
September^ __ _ _ . _.
October
- -_..__
November
December
._
_ ._
1950
1951
1952
1953
1954
2
18.3
19.1
20.5
17.6
16.0
20.0
17.8
16.9
18.8
17.2
16.6
20.6
17.5
16.9
19.5
18.4
17.4
18.0
19.0
19.2
21.5
18.8
18.5
20.3
20.7
21.2
22.6
21.7
20.8
21.6
21.4
20.6
23.6
21.5
21.1
21.3
20.9
20.9
23.5
22.0
21.7
23.2
24.7
23.5
26.4
25.6
24.2
24.0
23.0
23.4
25.7
24.6
22.8
24.9
23. 9
24. 4
28. 7
26.7
26. 2
26.5
!
.
17.7
17.0
19.1
21.1
17.3
17.2
18.7
15.9
17.0
17.0
18.8
21.1
16. 9
14.5
16.2
15.8
17.2
21.0
18.0
16.7
18.4
17.9
19.3
21.3
19.0
17.7
19.4
20.2
21.3
22.0
21.2
20.6
21.6
21.4
22.2
23.6
20.3
18.9
20.4
20.1
21.0
21.8
21.5
22.2
23.5
23. 0
24.0
25.2
23.3
22.1
23.6
23.1
24.4
24.3
24.0
20.8
24.3
25.0
24.1
26.9
25.7
23.6
25. 9
23.9
26.4
26. 8
'
i
_.
16.7
15.4
20.8
17. 1
17.7
18.7
18.0
18.3
17.5
18.3
19.7
21.6
20. 9
22.6
24.0
24.1
25.6 ;
25.8
18.3
18. 5
18. 2
17. 8
17.9
18.8
18. 4
18. 9
19.4
18.4
18.8
19. 2
18. 6
19. 2
19.7
18.8
18.8
19. 7
_ _ _ _ _ _ _ _ _ _ _
March
April
May
June
1949
-
___
__. .
Monthly average
.
;
!
!
I
!
!
24. 1
25. 5
29. 2
27.6
25. 5
26.8
24.9
24.8
25. 3
23.6
26.3
28. 1
338 other reporting centers
January
February
March
_
April
May
June
July
August
September
October
November
December
_
_ . _ _
_
_ _
_ _ _
________
_
- _
-
- -- _ -
_ _ _ _ _ _ _ _
Monthly average
15.9
14.9
15.0
16.5
15.4
15.0
15.2
15.4
14.6
14.3
13.8
16. 1
14.1
13.6
13.4
13.0
13.2
15. 6
13.7
13.4
13.6
13.2
13. 1
13.6
15.2
15.2
15.3
14. 7
14.8
15.2
16.3
16.1
16.1
15.9
16.0
16. 7
16.5
15.9
16.1
15.5
15.7
15.8
16.3
15.8
16.0
15.7
16.2
17.0
19.0 i
18. 3
18. 5
18. 5
18.3
18.4
14.6
13.4
17.2
15.1
15.1
15.7
14.8
13.0
14.2
13.3
14.8
16.0
13.5
11.9
12.8
12.1
13.8
15.3
13. 9
13.3
14.7
14.4
15.7
16.4
14.9
14.4
15.8
16. 0
17.1
17.2
16.5
15.9
17. 1
16.7
18.1
17.9
15.6
14.8
16.2
15.8
16.6
16.9
17.1
17.1
18.4
18.3
19.1
19.2
18.0
17.3
18.3
18.4
19.6
19. 0
18.1
17.0
18.9
18.7
19.3
19. 8
19.2
17.8 !
19. 3
18. 4
20. 2 ;
19.7 j
18.8
18.5
19. 4
18. 6
20. 7
21.0
15.3
14.6
13. 5
14. 1
15.5
16.6
15.9
17.2
18. 4
18. 4
18.9 i
19.2
1
Compiled by the Board of Governors of the Federal Reserve System. Data reflect change in number of reporting banks and centers.
see 2p. 23 of the September 1954 SURVEY; for subsequent data, see the monthly SURVEY beginning with the March 1955 issue.
Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
24
For turnover rates for 1943-53 for New York City
* BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SUKVEY OF
CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier years
back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Series
added or revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. In most instances, 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,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
Data from private sources are provided
1954
1955
DecemOctober NovemAugust September
ber
ber
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. of dol
298 7
303 2
311.4
320.7
do _
do
do
do
do
do
207.8
196 1
162 1
94
24 5
11 7
209 8
198 1
163 8
93
25 o
11 8
213.1
200 8
166 5
91
25 3
12.2
219.5
207.0
171 7
9.3
25 9
12.5
do
do
do
do - _
adjustof dol
do
do
do
do _
do
48 3
26 0
11 7
10.6
48
26
11
10
2
3
2
7
48.8
26 6
11.5
10.7
48.7
27 1
11.0
10.7
33.1
33 5
16 8
16 7
—.5
9 5
35.5
36 0
18 1
17 9
—.5
97
39.6
40.9
20 5
20.4
—1.3
9.9
42.2
43.0
21.6
21.4
Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' and rental income,
totalcf
Business and professionalcf1
Farm
Rental income of persons
Corporate profits and inventory valuation
ment, total
bil.
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest
o
10.3
do
358 8
367 1
375.3
384.8
Personal consumption expenditures, total. _ _ do
Durable goods
do
Nondurable goods
do
Services
do
237.9
29 4
121.5
87 0
241.0
30 4
122.5
88 1
245.8
34 4
122.4
89 0
250.5
35.1
125.3
90.2
Gross private domestic investment total
New construction
Producers' durable equipment
Change in business inventories
45 9
28 5
22 2
-4.9
50
29
21
—
54. 1
31 2
21.5
1.5
60.1
32.1
23.7
4.3
Gross national product total
do
do
do
do
—.7
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
7
4
9
6
-.4
-.7
75 8
47.7
42 1
28 1
74
45
40
28
5
7
5
7
75 8
46.4
41 2
29 4
74.9
45.2
40.4
29 7
.9
Personal income, total
Less* Personal tax and nontax payments
Equals: Disposable personal income
do
do
do
287.3
32 8
254.5
290.8
33 1
257.8
293.6
32.6
261.0
300.5
33.4
267.1
Personal saving §
do
16.6
16 8
15.3
16.6
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
286 7
287 9
288 4
290 8
293 4
292 2
293 2
295 7
298 9
301 4
301.6
' 305. 3
305.0
195 8
83 1
52 5
26.3
33 9
195 8
82 8
52 5
26.3
34 2
196 8
83 4
52 7
26 5
34 2
198 6
85 2
52 5
26.6
34 3
198 8
84 8
53 1
26.6
34 3
199 3
85 4
52 9
26.8
34 2
200 3
86 3
53 0
26.7
34 3
202 6
87 8
53 6
27.0
34 2
204.6
88 9
53.6
27.2
34 9
207.3
90 6
54.5
27.4
34 8
208.0
90 9
54.9
27.4
34.8
' 212. 4
'91.7
'55.7
'27.8
37.2
211.6
92.0
56.0
27.9
35.7
6 6
48.1
24 7
16 1
66
49.0
24 7
16.3
6
47
24
17
7
5
9
0
6 7
48.3
24 9
16 8
6 7
48.9
26 5
17 1
6 8
49.1
25 0
17 0
6 8
48.8
25 3
17.0
68
48.5
25 5
17.4
6.9
49.0
25 9
17^6
6.9
48.8
26 1
17.5
6.9
48.5
26 3
17! 1
7.0
'47.9
'26 4
16.9
7.0
48.3
26.6
16.8
46
45
45
45
46
50
50
51
51
52
5 2
5.3
5.3
280.9
283.7
286.6
272.1
273. 8
275.9
278.1
276.5
277.7
Total nonaericultural income _ _ _ _ _ _ _ _ _ d o
271.5
r
Revised.
c* Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
287.2
'291.7
290.9
Wage and salary disbursements total
Commodity-producing industries
Distributive industries
Service industries
Government
bil of dol
do
do
do
do
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
S-l
357487°—55
4
September
SURVEY OF CUREEXT BUSINESS
S-2
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October in:
1954
1955
^eptem 1J October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries
mil. of dol
6,640
6,988
5,847
7,009
1
7, 724
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
2,645
1,207
1,438
2, 965
1 373
1,592
2 249
1 063
1,186
2, 795
1 278
1,517
3, 075
1,472
1,603
Mining
_ _
Railroads
Transportation, other than rail
Public utilities
Commercial and other
do
do
do
do
do _
251
179
374
1, 060
2,133
244
180
379
1.109
2,110
186
179
359
845
2,030
235
217
420
1 052
2,290
240
246
420
1.313
2,430
26 84
26. 18
25 65
27. 19
10.98
5 06
5 93
10.58
4 80
5 79
10 17
4 78
5 39
10.84
5 06
5.78
11.36
5.48
5.88
1.00
80
1.51
4 12
8.42
.91
68
1.53
4 01
8.46
.80
74
1 46
4 01
8.46
.94
80
1.62
4 09
8.90
.93
.98
1.68
4.64
9.43
Seasonally adjusted quarterly totals at annual rates:
All industries
bil of dol
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other
_._
_
do
do
do
do
do -
1
29. 03
SURVEY OF CURRENT BUSINESS
October 1&55
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
SeptemNovem- DecemOctober
August
BUSINESS STATISTICS
ber
ber
ber
S-3
1955
January
February
March
April
May
June
July
August
September
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume — Con.
Unadjusted index— Continued
Minerals
CoaL .
Crude oil and natural gas
Metal mining
Stone and earth minerals
1947—49-100
do
do
_. _
do
do
111
68
130
100
130
111
70
129
98
129
112
77
130
92
129
114
75
136
79
126
114
75
138
76
122
117
77
142
79
115
119
79
144
85
113
118
71
144
86
122
120
72
143
101
128
122
77
140
131
133
do
123
124
126
128
130
132
133
135
136
do
do do
125
135
105
126
137
105
128
139
111
130
142
118
131
143
121
133
145
127
134
147
131
136
148
136
138
151
138
Metal fabricating (incl. ordnance)
Fabricated metal products. Machinery
__ _
Nonelectrical machinery.
Electrical machinery
.
do
do .
do
do - do
148
123
144
125
181
149
122
147
125
189
150
124
147
123
194
152
125
148
122
198
154
125
145
120
193
155
125
145
124
187
157
126
146
125
187
157
129
146
126
184
Transportation equipment
Instruments and related products . ___
Furniture and fixtures. _.
Lumber and products
Stone, clay, and glass products
M iscellaneous manufactures
_ -
do
do.- do
do
do
do - _ _
166
135
108
97
132
133
167
137
109
116
134
132
169
137
110
128
132
132
175
138
108
124
136
132
187
140
108
131
135
131
191
140
109
129
136
132
193
142
109
127
138
133
do
do
do
do
do-do
114
105
99
94
103
96
115
105
102
95
101
91
117
105
102
101
103
94
118
106
100
101
105
96
119
106
101
101
107
100
121
107
107
103
108
105
Paper and allied products
. __ _ _ _ do-Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber products... _ _ _ _ _ _ _ _ _ _ _ do--
135
121
149
121
98
137
121
150
125
117
138
121
150
124
125
137
120
152
127
122
136
121
155
129
133
109
68
130
83
121
108
67
129
'82
J21
109
70
130
81
121
113
69
136
86
125
Adjusted, combined index
Manufactures
_
Durable manufactures.
Primary metals _
_
Nondurable manufactures
Food and beverage manufactures
Tobacco manufactures
Textile-mill products
_ _
Apparel and allied products
Leather and products
_.
Minerals
Coal
.
Crude oil and natural gas
Metal mining
_ _ ___
Stone and earth minerals
_-_.
_
_ _ .
do
do
do
_ dodo
121
74
139
'141
134
r
!39
r
119
77
138
140
153
140
160
130
149
131
185
162
134
151
134
183
195
143
112
127
143
135
197
143
113
127
146
135
121
106
106
103
106
104
124
109
107
104
115
105
125
110
103
109
114
105
140
122
154
131
143
143
122
157
134
138
147
124
160
134
140
116
73
138
103
127
120
74
142
110
126
123
79
144
114
124
121
72
144
113
132
•p 125
P 83
p 140
!07
135
12-3
'82
' 139
127
139
139
139
140
P 141
141
155
143
141
155
134
142
158
' 139
143
160
146
163
135
155
136
193
167
135
158
138
'197
'170
138
161
139
205
171
140
163
138
211
199
142
117
128
149
140
194
149
121
133
153
143
'203
151
122
125
'152
143
205
152
125
128
153
144
206
1 54
124
127
110
109
109
115
105
' 128
110
109
106 I
115
107
126
'107
101
'106
113
'106
r 12*
P I9t;
151
123
1H2
136
144
156
125
* 168
134
147
156
127
169
136
140
'155
'128
170
'134
137
153
' 128
168
135
138
120
72
143
100
129
121
81
140
111
129
122
86
139
117
129
120
87
'139
96
130
120
p 121
'139
p 140
r
1 9R
154
144
107
105
111
10?
r g2
p 128
p 136
p gn
CONSUMER DURABLES OUTPUT
Unadjusted, total output _ _ _ _ _ _ _
_ 1947-49=100
113
108
109
129
132
142
151
155
156
147
144
137
r 14Q
p 135
do
do
do
do
do~ do
do
121
123
121
102
101
234
94
111
81
139
108
122
279
101
111
70
149
111
124
338
104
142
144
142
108
116
324
100
149
174
130
109
108
258
94
163
195
137
108
124
260
95
174
210
146
111
138
272
97
179
215
151
114
151
260
99
180
223
145
111
150
228
99
167
205
136
109
145
189
102
160
184
141
113
152
192
106
152
195
115
105
'116
143
103
153
166
143
117
p 145
p 130
p 159
250
' 110
do
115
114
112
119
125
131
135
139
144
145
147
153
' 153
Major consumer durables
..
do
Autos
do
Major household goods
do
Furniture and floor coverings _._ __ _ _
do
Appliances and heaters
do
Radio and television sets _
_ - doOther consumer durables
do
125
121
131
106
109
270
91
121
110
132
107
112
267
98
117
104
131
106
110
270
98
128
127
130
103
114
259
97
137
149
129
105
115
242
96
145
160
133
107
128
225
98
151
172
135
107
131
226
99
156
179
138
109
137
222
100
163
190
142
110
145
226
100
164
189
143
113
146
222
103
164
180
153
117
150
269
106
'173
195
'156
'117
'150
290
106
173
194
157
121
Major consumer durables.. Autos _ - Major household goods ._
- _
Furniture and floor coverings
Appliances and heaters -_ _ _ ._ _ __ _
Radio and television sets
Other consumer durables -_ - - . _ - _ _ - _ .
Adjusted, total output
-
v 112
v
1 KA
V 1 T%
p 157
289
r 1Q7
109
BUSINESS SALES AND INVENTORIES §
Manufacturing and trade sales (adj.), totaL.bil. of dol._
Manufacturing, total
Durable-goods industries _ _
Nondurable-goods industries
__.
Wholesale trade, total
Durable-goods establishments Nondurable-goods establishments
Retail trade, total
Durable-goods stores
Nondurable-goods stores
__
46.3
46.4
45.6
47.6
48.7
48.7
48.9
50.7
50.9
51.7
52.3
51.9
52.9
do
dodo_- -
23. 1
10.9
12.2
23.0
10.8
12.2
22 5
10.3
12.2
24.0
11.3
12.6
24 1
11.6
12 5
24 3
11 8
12 4
24 6
12 0
12 6
26 0
12 9
13 1
26 0
12 8
13 2
26 6
13 3
13 3
27 i
13 5
13 6
26 7
13 5
13 2
27 4
13 8
13 5
do
. _ ___ do . do
91
2.9
6.1
9.2
2.9
6.3
9 0
2.8
6.2
9 3
2.9
6.3
9 5
3.0
6.5
9 5
31
6.4
9 5
31
6.4
9 7
3 2
6.5
9 6
3 2
6.4
9 7
33
6 4
9 7
33
6 5
9 6
3 3
6 3
9 9
3 4
6 4
do
_ _ _ do
do
14 2
4.8
9.4
14 2
4.8
9.4
14 1
4. 7
9 4
14 4
4.9
9 4
15 1
5.3
9 8
14 9
51
9 7
14 8
5 2
9 6
15 1
55
9 Q
15 3
55
9 7
15 4
55
9 9
15 4
56
9 g
15 5
5 7
9 8
15 6
5 8
9 9
77.0
76.9
77.1
76.9
76 9
77 3
77 5
77 7
78 3
78 8
79 2
79 6
do
do
._ . _ . _ _ do- _ _
43 1
23.8
19.2
42 9
23.7
19.2
43 2
23 9
19.3
43 3
24 0
19.3
43 3
24 0
19.2
43 2
24 0
19 2
43 3
24 0
19 2
43 3
24 1
19 2
43 3
24 2
19 1
43 5
24 3
19 2
43 8
24 5
19 3
43 9
r 24 6
19 4
44 3
24 8
19 5
do
do
- do .-
11 8
5.8
5.9
11 7
5.8
5.9
11 7
5.9
5.9
11 7
5.9
5.9
11 5
5.7
58
11 5
5.7
5 8
11 7
5.7
5 9 [
11 6
5.7
59
11 7
5.7
59
11 8
5^8
60
11 8
5.9
59
11 9
6.0
5 9
11 9
6.0
5 9
22 2
10 2
12.1
22 4
10 3
12.0 '
22 6
10 5
li 1
22 8
10 5
12.2
23 0
10 8
12.3
23 2
10 8
li 4
23 4
' 10 8
12.5
_
_ _
Manufacturing and trade inventories, book value, end
of month (adjusted), total
_bil. of dol__
Manufacturing, total
Durable-goods industries^
Nondurable-goods industries
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
22 5
Retail trade, total
do
22 1
22 4
22 0
22 1
10.3
Durable-goods stores
__ _ _ .
do
10 0
10.2
10 0
10 1
12.2
Nondurable-goods stores
do
12.2
12.1
12.0
12.0
'Revised.
^Preliminary.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on
data for manufacturing are shown on p. S-4; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.
OO
A
10 8
12! 5
p. S-l cover data for all types of producers, both farm and nonfarm
Unadjusted
SURVEY OF CUERENT BUSINESS
S-4
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
SeptemDecemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
October 1955
1955
January
February
March
April
July
May
June
August
27, 394 ' 24, 644 27, 568
13, 974 ' 12, 114
13, 596
2,349 ' 1, 875 2,237
1,397 ' 1, 294 1, 553
3,682 ' 3, 036
3,367
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
of dol
do
do
do
do
motor
of dol
do
do
do -
23, 164
10, 701
1,529
1,240
2,884
23, 672
10, 952
1,614
1,223
3,138
23, 638
10,689
1,646
1,216
3,065
23, 691
11, 088
1,683
1,103
2,993
24, 164
11, 737
1,793
1,043
3,287
23, 699
11, 400
1,873
1,078
2,920
23, 971
11, 796
1,898
1,090
3,134
27,550
13, 899
2,225
1,291
3,628
26,296
13, 300
2,178
1,278
3,326
26, 325
13,390
2,241
1,259
3,382
2,459
1,002
625
962
2, 205
1,091
652
1,029
2,053
1,000
640
1,069
2,728
987
594
1,000
3,213
955
530
916
3,166
944
498
921
3,239
1,009
505
921
3,852
1,176
651
1,076
3, 805
1,100
643
970
3,732
1,136
672
968
do _ _
do
___do-.
do
-- do
do
do _ _
do
do
12, 463
4.092
338
1,058
751
1,626
2,122
363
2,113
12, 720
4, 145
330
1,169
736
1,717
2,101
343
2,179
12, 949
4,234
285
1,131
764
1,707
2,140
374
2, 314
12,603
4,068
315
1,122
733
1,677
2,218
372
2,098
12, 427
3,975
317
1,077
712
1,621
2,470
400
1,855
12, 299
3,908
277
1,047
756
1,776
2,339
437
1, 759
12, 175
3,799
268
1,004
731
1, 737
2, 238
418
1,980
13, 651
4,117
309
1,151
847
2,025
2, 388
475
2,339
12,996
4,045
300
1.072
803
2,006
2,238
459
2,073
12, 935
4,176
343
1,043
824
1,979
2,229
460
1,881
13, 420 ' 12, 530 13, 972
4,377 ' 4, 148
4,364
343
'316
362
••952
1,148
1,212
844
'776
882
1,955 ' 1, 753 2,014
2,338 ' 2, 276 2,404
453
488
1,927 r 1, 856
2,249
Sales, value (adjusted), total
- do
Durable-goods industries, total. . .. ..
_-do Primary metal
do
Fabricated metal
_ _ _ . -do _ .
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil. of dol
Lumber and furniture
, _ _
do .
Stone clay, and glass
do
Other durable-goods industries. _
do ..
23, 113
10, 907
1,569
1,181
3,037
23, 008
10, 832
1,662
1,154
3,081
22, 489
10, 295
1,596
1,067
2,976
23, 964
11,314
1,703
1, 126
3,084
24, 097
11, 570
1,719
1,098
3, 147
24,287
11, 850
1,829
1,123
3,075
24, 649
12, 029
1,950
1,147
3,130
25, 976
12, 860
2,087
1,253
3,318
26, 025
12, 805
2,133
1,278
3,193
26, 651
13, 322
2,213
1,325
3,410
27, 111 ' 26, 731 27, 389
13, 527 ' 13, 503 13, 852
2,315 'r 2, 138
2,299
1,383
1, 407
1,479
3,547 ' 3, 475 3, 520
2,572
992
584
972
2,317
1,049
598
971
2,159
952
582
963
2,865
997
577
962
3,061
985
596
964
3,221
1,026
586
990
3,197
1,051
574
980
3,486
1,069
632
1,015
3,546
1,048
637
970
3,609
1,125
652
988
Nondurable-goods industries, total
_ _ . _do_ Food and beverage
do
Tobacco
_ _ , _ - _ _ _ _ - do_
Textile
do
Paper
- -._ --do
Chemical
do
Petroleum and coal
do
Rubber
do
Other nondurable-goods industries
do
12, 206
4,048
322
1,027
744
1,641
2,122
352
1,950
12, 176
3,979
311
1,063
729
1,657
2,101
346
1,990
12, 194
3,975
291
1,010
728
1,619
2,119
346
2,106
12, 650
4,031
315
1,100
733
1,761
2,240
404
2,066
12, 527
3,991
299
1,046
742
1,764
2,287
417
1,981
12, 437
3,993
298
1,068
741
1,740
2,293
424
1,880
12, 620
4,029
298
1,035
754
1,787
2, 307
440
1,970
13, 116
4,113
303
1,096
807
1,902
2,341
466
2,088
13, 220
4,246
326
1,117
787
1,912
2,284
445
2, 103
13, 329
4,189
336
1,172
841
1,961
2,346
465
2,019
13, 584 ' 13, 228 13, 537
4,329 ' 4, 223 4,263
'316
318
332
1,148 ' 1, 133
1,133
',834
844
873
1,985 ' 1, 844 2,031
2,386 ' 2, 299 2,404
465
471
2,109 ' 2, 108
2,030
42, 836
23, 670
3,148
2,537
8, 052
42, 639
23, 462
3, 151
2,507
7, 910
42, 891
23, 676
3,196
2,422
7,861
43, 037
23, 694
3,246
2,393
7,852
43, 511
24, 047
3,345
2,391
7,820
43, 503
24, 053
3,280
2,417
7,822
43, 477
24, 121
3,229
2,420
7,844
43, 483
24, 268
3,166
2,486
7,898
43, 344
24, 352
3,126
2,546
7,955
43, 649
24, 539
3,134
2,601
8,029
43, 976 ' 43, 855 43, 907
24, 755 ' 24, 574 24, 627
3,116 ' 3, 201 3, 285
2,716 ' 2, 656 2, 587
8,078 ' 8, 009 8,005
5,338
1,586
836
2,173
5,362
1,566
827
2,139
5,702
1,587
813
2,095
5,699
1,617
817
2,070
5,825
1,690
860
2,116
5,831
1,719
882
2,102
5, 863
1,742
907
2,116
5,940
1,731
914
2,133
5,922
1,736
915
2,152
5,925
1,752
915
2,183
5, 998
1,747
906
2,194
' 5, 865
' 1, 773
'906
' 2, 164
5, 955
1, 755
887
2,153
6.7
93
7.6
6.7
9.3
7.4
6.6
9.6
7.5
6.6
9.6
7.5
6.5
9.7
7.8
6.4
9.8
7.9
6.3
9.8
8.0
6.2
10.0
8.1
6.2
10.0
8.?
6.3
10.0
8.3
6.5
10.1
8.2
'6.6
10.0
7.9
6.8
10.1
7.8
19,166
4,460
1,759
2,373
962
2, 910
2,815
732
3,155
19,177
4,50?
1,797
2, 352
973
2, 886
2,821
759
3,087
19,215
4, 588
1,872
2, 299
988
2,928
2,826
785
2,929
19, 343
4,735
1,880
2,292
1,001
2,969
2,786
795
2,885
19, 464
4,730
1,919
2,327
1,014
3,082
2,669
821
2,902
19,450
4,697
1,963
2,330
1,028
3,049
2, 581
806
2,996
19,356
4,543
1,934
2,380
1,055
3,045
2,590
806
3, 003
19,215
4, 391
1,901
2,396
1,057
3, 022
2,587
821
3,040
18, 992
4,228
1,857
2,404
1,044
2,967
2,605
824
3,063
19,110
4, 145
1,805
2,444
1,038
2,993
2,670
842
3,173
7.7
2.7
8.8
7.8
2.7
8.7
7.8
2.7
8.7
7.9
2.7
8.7
8.1
2.7
8.7
7.9
2.8
8.7
7.9
2.9
8.6
7.8
2.9
8.5
7.7
2.9
8.4
7.6
2.9
8.5
43, 059
23, 836
3,126
2, 563
8,138
42, 908
23, 709
3, 068
2,585
8,057
43, 168
23, 916
3,095
2,523
7,973
43, 270
23, 959
3,127
2,493
7,978
43, 265
24, 023
3, 235
2,440
7,881
43, 196
23, 984
3,239
2,417
7,804
43, 256
24, 028
3, 262
2,420
7, 794
43, 332
24, 112
3, 288
2,461
7,788
43, 264
24, 159
3,266
2,496
7,816
43, 549
24, 304
3,236
2,501
7,919
5,391
1,570
853
2,195
5, 419
1, 566
853
2,161
5, 728
1,603
856
2,138
5,772
1,617
860
2,112
5,780
1,690
860
2,137
5,838
1,719
865
2,102
5, 861
1,724
872
2,095
5,883
1,714
887
2,091
5,864
1,719
888
2,110
5,876
1,735
897
2,140
5,961
1,747
897
2,172
••5,965
' 1, 755
'906
' 2, 186
5,992
1,738
905
2,175
6.7
9.3
7.8
6.7
9.3
7.7
6.5
9.6
7.8
6.5
9.7
7.8
6.3
9.8
7.9
6.4
9.7
7.9
6.3
9.8
7.9
6.3
9.9
7.9
6.5
9.9
7.8
6.5
10.0
7.9
6.6
10.0
7.9
'6.6
'10.1
7.8
6.7
10.1
8.0
19, 223
4,439
1,871
2,373
972
2,949
2,760
754
3, 105
19, 199
4,409
1,834
2,352
983
2,948
2,739
799
3,135
19, 252
4, 415
1,853
2,322
1,008
3,006
2,744
835
3,069
19,311
4,529
1,861
2,339
1,011
3,006
2,731
811
3,023
19, 242
4,532
1,845
2.399
1,004
3,013
2,643
821
2,985
19, 212
4,558
1,852
2, 354
1,028
3,020
2,634
790
2,976
19, 228
4,499
1, 842
2,380
1,034
3,019
2,670
782
3,002
19, 220
4,442
1,846
2, 396
1,036
2,982
2,667
805
3,046
19, 105
4,400
1,839
2,380
1,034
2.943
2, 658
784
3,067
19, 245
4, 391
1,842
2, 396
1,038
2,995
2,670
810
3,103
7.8
2.7
8.7
7.8
2.7
8.7
7.8
2.7
8.8
7.9
2.8
8.6
7.8
2.8
8.6
7.8
2.8
8.6
7.7
2.8
8.7
7.7
2.8
8.7
7.7
2.8
8.6
7.8
2.9
8.5
Sales, value (unadjusted) , total
mil.
Durable-goods industries, total
Primary metal
Fabricated metal
_
_ .
Machinery (including electrical)
Transportation equipment (including
vehicles)
mil.
Lumber ana furniture
Stone clay and glass
Other durable-goods industries
__
Nondurable-goods industries, total _
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
_
Rubber
O ther nondurable-goods industries
Inventories, end of month:
Book value (unadjusted), total
_•
Durable-goods industries, total
Primary metal
Fabricated metal
Machinery (including electrical)
Transportation equipment (including
vehicles)
mil
Lumber and furniture
Stone clay and alass
Other durable-goods industries
By stages of fabrication:
Purchased materials
bil
Finished goods
do
do
do
do
do
motor
of dol
do
do
do
of dol
do
Nondurable-goods industries, total
mil. of dol__
Food and beverage
do
Tobacco
do
Textile
doPaper
- -- -do
Chemical
do
Petroleum and coal
do
Rubber
do
Other nondurable-goods industries
do
By stages of fabrication:
Purchased materials
bil. of dol
Goods in process
do
Finished goods
do
Inventories, end of month :
Book vilue (adjusted) total
mil of dol
Durable-goods industries total
do
Primary metal
do
Fabricated metal
do__Mi'ichinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil. of dol
I umber and furniture
do
Stone clay and glass
do
Other durable-goods industries
do
By stages of fabrication:
Purchased materials
bil. of dol
Goods in process
do
Finished goods
do
Nondurable-goods industries, total
mil. of doL
Food and beverage
do
Tobacco
do
Textile
-- do
Paper
do
Chemicil
do
Petroleum and coal
do
Rubber
do
Other nondurable-goods industries
do._.
By stages of fabrication:
Purchased materials
bil of dol
Goods in Drocess
do
Finished eroods ..
_. -do .
* Revised.
3,529
1,244
716
1,057
3,329
1,208
688
1,057
' 3, 342
' 1, 034
'631
••902
' 3, 615
' 1, 198
'657
'1,013
3,209
1,344
745
1,141
3,483
1,280
683
1,108
19, 221 ' 19, 281
19, 280
4,108 ' 4, 221 4,295
1,764 ' 1, 722
1,717
2,450 'r 2, 422 2,403
1,034
1,056
1, 052
3, 053 ' 3, 051 3,038
2,686
2, 753
2,819
875
827
3, 251 ' 3, 233
3,150
7.6
2.9
8.7
7.6
'2.9
'8.7
7.6
3.0
8.8
43, 779 ' 43, 938 44, 294
24, 457 ' 24, 563 24, 778
3, 188 ' 3, 197
3,263
2,587 '2,604
2,614
7.905 ' 8, 010
8,091
19, 322 ' 19, 375 19, 516
4, 344 ' 4, 358 4,326
1,857 ' 1, 832 1,827
2,426 ' 2, 398 2,427
1, 034 '1,063
1,089
3,024 ' 3, 039 3,102
2,713
2,791
2,753
850
853
3,074 ' 3, 079 3,101
7.8
2.9
8.6
7.8
'2.9
'8.7
7.8
3.0
8.7
September
SURVEY OF CURRENT BUSINESS
October 1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
DecemSeptemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
S-5
1955
January
February
March
April
July
May
June
28,314 •• 26, 100
14, 571 ' 13, 347
2,328 •• 2, 316
1,640 «• 1, 445
3,929 -3,639
August
September
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
New orders, net (unadjusted), total
mil. of dol_
Durable-goods industries, total
do
Primary metal
_
. -do...
Fabricated metal
do
Machinery (including electrical)
_ _ . do.
Transportation equipment (including motor vehicles)
mil of dol
Other durable-goods industries
do
Nondurable-goods industries, total
Industries with unfilled orders 9 . _
Industries without unfilled orders^
-
do
__do_-.
do
New orders, net (adjusted), total
_ __do
Durable-goods industries, total
.-do
Primary metal
- __do
Fabricated metal
-_
.
do. Machinery (including electrical)
- __do
Transportation equipment (including motor vehicles)
_ _ _ .
.
mil. of doL
Other durable-goods industries
do
Nondurable-goods industries, total
Industries with unfilled orders 9 - Industries without unfilled orders!
do
do
do
Unfilled orders, end of month (unadj.), total _ _ d o __
Durable-goods industries, total
do
Primary metal
_ -do
Fabricated metal
do _.
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
mil. of dol
Other industries, including ordnance . _ _ __do _
Nondurable-goods industries, total 9
do _ _
21, 827
9,500
1,512
1,158
2,441
23, 817
11, 087
1,605
1,052
2,998
23, 574
10, 769
1,712
1,101
2,881
22, 635
9,919
1,846
1,140
2,702
24, 309
11, 788
2,151
1,159
3,029
24, 324
11, 940
2,222
1,135
2,983
24, 268
12, 023
2,397
1,064
3,191
28,310
14, 596
2,896
1,463
3,656
26, 043
13, 132
2,504
1,218
3,345
26, 708
13, 713
2,513
1,298
3,321
1,699
2,690
2,672
2,760
2,626
2,449
1,824
2,407
3,173
2,276
3,015
2, 585
2,871
2,500
3,658
2,923
3,337
2,728
3,768
2,813
12, 327
2,755
9,572
12, 730
3,027
9,703
12, 805
2,923
9,882
12, 716
3,053
9,663
12, 521
2,901
9,620
12, 384
2,893
9,491
12, 245
2,870
9,375
13, 714
3,253
10, 461
12, 911
2,888
10, 023
12, 995
2,957
10, 038
13, 743 ' 12, 753 13. 945
3,181
3,403 r 3, 010
10, 340 ' 9, 743 10, 764
21, 913
9,756
1,543
1,103
2,524
23, 286
11, 153
1,783
992
3,073
22, 870
10, 790
1,678
1,101
2,915
23, 142
10, 491
1,943
1,267
2,950
24, 760
11, 963
2,068
1,288
2,933
24, 641
12, 142
2,136
1, 135
2,936
24, 845
12, 170
2,446
1,120
3,233
26, 482
13, 353
2,586
1,306
3,404
26, 116
12, 879
2,385
1, 194
3,179
27, 720
14, 331
2,538
1,366
3,531
28, 871
27, 795 '27,044
14, 033 'r 13, 571 15, 219
2,687
2,477 r 2, 339
1,590
1,562
1, 445
3,734 ' 3, 656 3,902
1,999
2,587
2,545
2,760
2,764
2,332
1,824
2,507
3,173
2,501
3,350
2,585
2,871
2,500
3,325
2,732
3,337
2,784
3,966
2,930
12, 157
2,783
9,374
12, 133
2,803
9,330
12, 080
2,682
9,398
12, 651
2,907
9,744
12, 797
3,119
9,678
12, 499
2,922
9,577
12, 675
2, 899
9,776
13, 129
3,040
10, 089
13, 237
3,008
10, 229
47, 359
44, 693
3,182
3,317
14, 236
19, 409
47, 504
44, 828
3,173
3,146
14, 096
19,876
47, 440
44, 908
3,239
3,031
13, 912
20, 449
46, 384
43, 739
3,402
3,068
13, 621
19, 545
46, 529
43, 790
3,760
3,184
13, 363
19, 505
47, 174
44, 350
4,109
3,241
13, 446
19, 354
47, 471
44, 577
4,608
3,215
13, 503
18, 986
48, 231
45, 274
5,279
3,387
13, 531
18, 792
47, 978
45, 106
5,605
3,327
13, 550
18, 324
4,549
4,537
4,277
4,103
3,978
4,200
4,265
4,285
4,300
4,337
4,446
' 4, 592
4,786
2,666
2,676
2,532
2,645
2,739
2,824
2,894
2,957
2,872
2,932
3,255
r 3, 478
3,451
9,041
9,256
9,852
9,735
11, 981
13, 181
11, 369
13, 417
11, 756
12, 029
12, 605
10, 893
10, 983
912
819
871
933
917
939
877
1,038
903
955
914
861
888
80
100
187
451
94
59
88
153
406
113
68
109
189
414
91
68
110
179
490
86
72
130
204
413
98
87
87
195
456
114
60
113
188
412
104
66
108
225
520
119
66
106
154
484
93
80
121
168
499
87
75
114
200
446
79
68
102
179
423
89
59
134
158
430
107
32, 582
36, 381
29, 000
35, 067
40, 103
37, 872
42, 056
41, 209
35, 968
34, 714
36, 667
32, 543
36, 028
2,381
2,386
12, 388
11, 225
4,202
2,290
5,584
11, 262
11, 879
5,366
1,952
4,733
7,547
11,845
2,923
4,065
6,859
8,099
10, 466
5,578
1,857
5,926
17, 526
8,509
6,285
3,154
9,044
11, 636
9,647
4,391
2,244
7,624
18, 922
8,928
4,338
2,916
4,468
16, 921
11, 972
4,932
2,229
6,450
12, 653
10, 765
3,871
1,998
4,885
14, 093
10, 874
2,864
5,259
4,702
13, 888
9,564
3,254
1,502
6,289
11,865
8,605
4,282
1,987
9,663
10, 102
10, 024
4,252
3,548
3,126
3,225
3,035
' 3, 234
' 2, 713
28,723
14, 778
2,634
1,669
3,774
3,277
3,424
r 3, 334
* 2, 797
3,810
3,230
13, 389
3,146
10, 243
13, 762 'r 13, 473
3,336
3, 382
10, 426 * 10, 091
13, 652
3,213
10, 439
48, 361
45, 429
5,877
3,366
13, 489
18, 360
49, 321 ' 50, 777 51, 932
46, 066 r 47, 299
48, 481
5,856 ' 6, 297 »6,694
3,609 ' 3, 760 3,876
13, 736 'r 14, 339 14, 746
18, 419
18, 311 18, 379
BUSINESS INCORPORATIONS^
New incorporations (48 States)
_ _ .number .
INDUSTRIAL AND COMMERCIAL FAILURESc?
Failures, total .
number--
Commercial service
Construction
Manufacturing and mining.Retail trade
Wholesale trade
_ _.
do
do
__do
do
do
Liabilities (current), total
thous. of dol
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
do
do
do
do
_ _
.
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
249
246
242
242
239
243
244
243
247
244
243
237
233
235
248
199
288
207
228
247
173
292
210
233
243
190
293
204
235
243
226
281
199
239
243
221
276
202
239
247
257
275
204
241
244
258
268
203
240
243
262
269
198
239
252
270
270
197
236
255
308
266
200
240
244
230
266
196
232
238
223
271
190
222
228
211
277
178
214
229
230
285
174
217
do
_ do _
do
-do
234
294
209
430
248
276
181
444
220
275
160
441
210
277
184
438
218
279
182
430
216
274
192
425
203
270
198
436
204
264
200
437
216
261
297
437
209
259
305
436
239
256
213
435
235
257
170
435
213
246
141
437
210
225
129
427
do _
do. _
do
do
do
249
245
282
179
302
245
254
274
162
297
241
262
265
154
293
241
266
261
159
287
236
264
253
155
284
240
258
263
163
284
245
255
264
190
285
243
248
260
199
281
242
241
269
185
274
234
236
260
175
263
242
235
276
176
251
237
242
261
178
247
237
249
251
191
240
240
257
250
202
226
Prices paid:
All commodities and services
'
do
Family living items
_
do
Production items
do
All commodities and services, interest, taxes, and
wage rates
__
__ . .1910-14=100
264
277
250
262
273
251
262
273
250
262
272
251
261
272
250
264
273
254
264
271
256
265
273
256
265
274
254
263
274
251
263
274
250
262
274
248
260
273
247
259
271
245
280
279
279
279
283
283
284
284
282
282
281
279
278
89
88
86
87
87
87
87
86
86
Paritvratio©
do
r Revised.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
J For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cf Data are from Dun and Bradstreet, Inc.
§ Includes sweetpotatoes and dry edible beans.
© Ratio of prices received to prices paid (including interest, taxes, and wage rates).
87
86
84
84
85
Prices received, all farm products
1910-14— 100
Crops
-.
Commercial vegetables, fresh marketCotton
Feed grains and hay
Food grains
_
_ _ _ _ _ _ _ _ _
Fruit
Oil-bearing crops.
Potatoes§
Tobacco.- --
_ __
Livestock and products
Dairy products. _ _
Meat animals
Poultry and eggs
Wool
_ _.
_
_ __
do
do
do
do. .
do
281
r
*
S-6
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
October 10.",:
1954
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
September
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
_. ,
1935-39=100
Consumer price index (U. S, Department of Labor):
All items
1947-49—100
Apparel _ _
do
Food9
do
Dairy products
do
Fruits and vegetables
_
__
_.
do
Meats, poultry, and
fish
do
Housing 9 _ _ _ . . _
do
G a s a n d electricity
_ _ _
do,
Housefurnishings
do
Rent
do
Medical care
.
do
Personal care
do
Reading and recreation
_
do
Transportation
do
Other goods and services
do
WHOLESALE PRICESd1
U. S. Department of Labor indexes:
All commodities
1947-49=100
Farm products 9
._
__
do
Fruits and vegetables, fresh and dried
do
Grains. _ _ _
._.
_ _ _ _ _ _
do
Livestock and live poultrv
do
Foods, processed 9 ----- - do ._
Cereal and bakery products
do
Dairv products and ice cream _
do
Fruits and vegetables, canned and frozen- _do
Meats, poultry, and
fish
_ _ __
do
Commodities other than farm products and
foods
_ .- 1947-49 = 100
Chemicals and allied products 9
_do_ _ _
Chemicals, industrial
do
Drugs and Pharmaceuticals §
- -do_ ..
Fats and oils, inedible
do
Fertilizer materials _
- _ _ . __do_
Prepared paint
do
Fuel, power, and lighting materials 9
do.
Coal
do
Electricity. _
_ _ _
_ _ _.
do. _ _
Gas
do
Petroleum and products _
do. _ _
Furniture, other household durables 9
do
Appliances, household _ _
_
do.
Furniture, household
do
Radio receivers
do
Television receivers
do
Hides, skins, and leather products 9
do.
Footwear
_do.
Hides and skins
_ . ___
do. ..
Leather
do
Lumber and wood products - _ _ _ _
do._Lumber
do
Machinery and motive products 9
do
Agricultural machinerv and equip
do_
Construction machinery and equip
do
Electrical machinery and equipment
do
Motor vehicles
- _ _
do.- Metals and metal products 9
do_Heating equipment
do
Iron and steel
do
Nonferrous metals _
._
_. ._ - do-_.
Nonmetallic minerals, structural 9
do
Clay products
.__ _ _ _ _ _ _ _ _ _ d o _ _
Concrete products
__ _ _ do. „
Gypsum products
do
Pulp, paper, and allied products
do
Paper
- do
Rubber and products
do
Tires and tubes.
_. _ _ . _do _
Textile products and apparel 9
do
Apparel
_
do _
Cotton products. do Silk products
do
Svnthetic textiles
do
Wool products
do _
Tobacco mfs. and bottled beverages 9 _
do- Beverages, alcoholic
do
Cigarettes
- __
_.
do _ _
Miscellaneous
- - do - . _
Toys, sporting goods
do
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
1947-49=100.
Consumer prices
_
- __do- _ _
Retail food prices
__ _
do
i
209.0
208.2
207.6
207.6
207. 6
207.3
207.5
207.5
207.9
207. 7
207.8
208.6
208.1
115 0
103 7
113.9
105 1
114.7
107.6
119.2
107.8
105 4
128 6
125 5
113.4
106 6
126 6
120 2
114 7
104 3
112.4
105 8
110.5
106.7
119.5
107.9
106 0
128 8
125.7
113.5
106. 5
126 4
120 1
114 5
104 6
111.8
106 7
111.1
103.9
119.5
108.5
105 6
129 0
125 9
113.4
106 9
125 0
120 1
114 6
104 6
111. 1
106 6
109.6
103.5
119.5
108.7
105.4
129 2
126. 1
113.8
106.8
127 6
120 0
114 3
104 3
110.4
106 8
108.4
102. 2
119. 7
109.1
105.4
129 4
126 3
113.6
106 6
127 3
119 9
114 3
103 3
110.6
106 4
110.6
102.4
119 6
109.4
104 6
129 5
126 5
113.7
106 9
127 6
119 9
114 3
103 4
110.8
106 1
110.7
102.5
119.6
109.9
104.8
129 7
126.8
113. 5
106.4
127 4
119.8
114 3
103 2
110.8
105 4
112.0
102.3
119.6
110.3
104.6
130 0
127.0
113.5
106.6
127 3
119.8
114 2
103 1
111.2
104 6
117.5
103.0
119.5
110.3
104.5
129 9 1
127.3
113.7
106.6
125 3
119.8
114 2
103.3
111.1
104.0
120.2
102.1
119.4
110.9
103.7
130 3
127.5
113.9
106. 5
125 5
119.9
114 4
103. 2
111.3
104.1
119.5
103. 8
119.7
110.7
103.8
130. 4
127. 6
114.7
106.2
125. 8
119.9
114 7
103.2
112.1
104.7
121.9
103.7
119.9
110.8
103.6
130 4
127.9
115.5
106.3
125.4
120.3
i 114 5
103. 4
111.2
105.7
111.3
102.9
120.0
110.8
103.2
130. 5
128.0
115.8
106. 3
125 4
120.4
110 5
95.8
108.3
91.2
83 4
106.4
113 2
105.9
104.8
92.0
110.0
93.6
99.8
93.6
80.7
105.5
113.8
106.6
105.0
92.0
109.7
93,1
101.9
92.9
77 5
103.7
114 5
108.7
105.5
85.8
110.0
93.2
103.2
93.5
76.4
103.8
116.5
108.8
105. 5
86.3
109. 5
89.9
96.9
92.5
74.0
103. 5
116.8
108.2
106.0
85.2
110 1
92.5
105.2
93.5
79 4
103.8
116 9
107.0
104.6
87.6
110.4
93.1
103. 8
93.1
80.7
103.2
116.3
107.2
104.4
86.9
110.0
92.1
104.4
92.2
79.9
101.6
116. 5
107.2
104.8
83.3
110.5
94.2
120. 9
91.0
84.0
102. 5
116.8
106. 9
104.7
86.0
109.9
91.2
118.7
92.4
78.4
102.1
118.3
104.0
104.1
85.7
110.3
91.8
104.7
90.3
83.1
103.9
117.6
104.6
104.5
91.4
110.5
89.5
98.7
86.7
79.4
103. 1
117.6
106.0
104.6
88.5
' 110.9
88.1
99.5
78.6
75.5
101.9
115. 1
107.8
105.0
86.3
111.6
89.3
102.1
81.4
75.5
101.4
114 4
104.3
106.9
87.5
114.4
106.8
117.4
94.0
53.5
112.1
112 8
106.9
105.2
102.4
105.4
109.3
115.3
109.7
112.9
95.4
68.5
94.0
111.8
55. 8
84 4
119.1
118.7
124.3
122.1
131. 5
125. 7
118.9
128.6
114. 1
133.8
125. 1
120.5
132. 3
117.9
122.1
116. 3
126. 5
126.4
129. 6
95.3
98.6
89.1
126.3
85.7
110.3
121.5
114.3
124.0
102.3
113.4
114.4
106.8
117.4
94.0
54.0
112.3
112.8
106.9
105. 5
101.2
106.0
109.4
115.3
109.4
112.8
95.4
68.7
93.0
111.8
51.5
82.9
119.3
119.0
124.4
121.9
131.6
125.6
118.9
129. 1
114.1
134. 1
126.2
121.7
135.4
117.8
122.1
116.3
126. 5
126.9
129.6
95.3
98.6
89.2
128.4
85.8
109.6
121.5
114.3
124.0
99.1
112.7
114.5
106.9
117.6
93.6
56.5
112.1
112.8
106.9
105.1
101.8
105. 8
109.3
115.6
109.5
112.8
95.4
68. 7
92.4
111.8
49.5
82.1
119.8
119.5
124.3
122.0
131.6
125.2
118.6
129.7
114.3
135.0
127. 4
121.9
135. 4
117.8
122.1
116.3
126.5
128.5
129.6
95.4
98.6
89.9
127.0
86.1
108.4
121.5
114.3
124.0
96.7
112.7
114.8
107.0
117.7
93.6
57.8
112.2
112.8
107.4
105. 1
103.0
107.3
109. 5
115.6
109.1
112.9
95.4
69.2
92.8
111.7
52.7
82.0
119.9
119.6
125.3
121.3
131.8
126.7
121.0
129.9
114.3
135. 5
127. 2
121.8
135.4
117.4
122.1
116. 0
126. 5
131.4
134.9
95.2
98.4
89.9
127.4
86.9
106.6
121.4
114.3
124.0
97.0
112.8
114.9
107. 0
117.4
93.6
59.3
113.3
112.8
107.5
105.2
100. 7
110.2
110.4
115.7
109. 4
112.9
95.4
69.2
91.8
111.6
47.4
81.5
120.0
119.8
125.7
121.2
132.6
126.8
121.7
129.8
114.3
135.0
127.6
121.8
135.4
117. 4
122.1
115. 9
126. 9
132.0
134.9
95.2
98.4
89.9
123.9
87.2
106.7
121.4
114.3
124. 0
98.0
112.9
115.2
107.1
117.3
93.6
61.8
113.6
112.8
108.5
105.2
100.7
113.0
111.7
115. 5
108.7
112.5
95.4
69.0
91.9
111.6
49.5
81.2
120. 3
120.0
125.8
121.5
133.2
126.8
121.7
130.1
113.9
135.8
127.9
122.0
135. 8
116.7
122.1
116.3
127.5
136.8
139.9
95.2
98.2
90.2
124.1
87.3
106.6
121.4
114.3
124.0
97.0
113.2
115.7
107.1
117.4
93.3
61.0
113.5
113.1
108.7
105.2
100. 1
116.3
111.7
115.4
108.5
112.6
94.7
68.8
92.3
111.5
51.6
82.2
121.2
121.4
126.1
121.6
133.8
126.7
121.5
131.5
113.7
135.8
133. 7
121.8
136.1
117.0
122.1
116.6
128.0
140.6
142.4
95.2
98.2
90.6
122.4
86.7
106.3
121.6
114.6
124.0
97.1
113.1
115.6
106. 8
117.5
93.1
55.4
113.6
114.0
108.5
105.1
99.5
116.6
111.7
115. 1
107. 2
112.7
94.7
68.8
92.2
111. 5
50.7
82.1
121.4
121.8
126.1
121.5
133.8
126.4
121.5
131.9
113.6
136.2
134.3
121.9
136.5
118.2
122.1
1 16. 8
128.0
138.0
142.3
95.3
98.3
90.8
121.1
87.5
106.1
121.6
114.7
124.0
95.6
113.2
115.7
107.1
118.0
93.2
55.2
113.5
114.8
107.4
102.3
97.8
113.1
111.5
115.1
107.3
112.8
94.7
68.8
93.2
111.5
56.9
83.6
122.4
122.9
126.3
121.5
134.1
126.4
121.9
132.9
113.6
136.4
138.3
122.3
136.8
118.2
122.1
117.4
128.0
138.3
142.3
95.0
98.0
90.4
122.8
87.2
106.0
121.6
114.7
124.0
94.0
113.2
115. 5
106.8
117.6
93.2
53.2
113.1
114.8
107.0
100.4
97.8
111.0
111.5
115.1
106.5
113.1
94.7
69.0
92.9
111.4
53.3
85.0
123.5
124.2
126.7
121.5
134.3
126.5
122.0
132.5
113.5
135.6
137.8
123. 2
137.0
118.2
122.1
117.7
128.9
138.0
142.3
95.0
98.0
90.3
123.2
86.9
106.1
121.6
114.7
124.0
91.3
113.2
115.6
106.8
117.8
93.0
53.8
111.0
114.8
106.8
100.6
97.2
110.4
111.5
115.2
106.4
112.9
94.7
68.8
92.9
111.4
55.7
83.8
123. 7
124.7
127.1
121.5
134.7
126. 5
122.0
132.6
113.5
135.8
137.8
123.7
137.3
118.3
122.1
118.3
129.2
140.3
142.3
95.2
98.6
90.6
124.0
86.6
105.5
121.6
114.7
124.0
89.1
113.2
116.5
106.0
118.2
92.8
55.9
111.7
114.8
106.4
101.5
96.1
108.9
111.6
115.5
106.5
113.1
94.0
68.9
93.7
111.4
58.2
85.1
124.1
125.1
127.5
121.5
134.7
126.7
122.0
136.7
113.6
143.1
139.5
125.3
141.3
118.3
122.1
119.0
130.7
143.4
142.3
95.3
98.6
91.0
126.8
86.8
105.0
121.6
114.7
124.0
90.8
113.1
' 117. 5
105.9
118. 1
92.4
54.6
112.1
114.8
' 107. 2
' 102. 2
'96.6
118.4
105.9
118.1
92.4
55.4
112.0
114.8
108.3
108.3
96.6
106.8
114.0
116.4
106.2
115.0
89.4
69.3
94.0
111.4
60.9
85.1
125.6
127.1
129.7
126.1
140.0
129.8
122.0
141.8
117.2
144.9
154.1
126.3
143.6
119.3
122.1
120.3
131.0
151.6
147.2
95.5
98.7
92.4
126.8
86.7
103.2
121.7
114. T
124.0
90.3
113.6
90.5
87.0
87.8
90.9
87.2
89.0
91.2
87.3
89.4
90.9
87.3
90.0
91.3
87.5
90.6
90.8
87.5
90.4
90.6
87.5
90.3
90.9
87.5
90.3
90.5
87.6
89.9
91.0
87.6
90.0
90.7
87.4
89.8
90.5
87.2
89.2
' 106. 8
113.0
' 116. 0
' 106. 6
' 114. 3
'89.2
' 68.9
93.8
111.4
58.9
85.0
r 125. 1
'
*
'
'
126.4
128. 5
122. 4
138. 2
127. 7
122.0
r 139. 5
'116.0
' 144. 9
145.0
126.1
142. 9
118.6
122.1
' 119. 7
130.5
' 148. 7
' 147. 2
95.3
98.6
91.7
128.7
86.7
' 103. 9
121.7
114.7
124.0
89.8
113.4
r
90.2
87. 3
289.9
2
289.6
r
2 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 46.9 (September); consumer prices, 52.2 (August);
Revised.
»Index based on 1935-39=100 is 191.4.
retail food, 44.5 (August).
§EfTective with the January 1955 index, cosmetics and
9 Includes data not shown separately.
o"For actual wholesale prices of individual commodities, see respective commodities,
related products were transferred from drugs, etc., to the "other chemicals" subgroup.
S-7
SURVEY OF CURRENT BUSINESS
October 1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1955
1954
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
New construction (unadjusted), total
mil. of doL_
3,693
3, 674
3,503
3,329
3,092
2,819
2,697
2,974
3,257
3,555
3,815
3,956
r 3, 985
4,001
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
2,457
1,313
1,175
110
2,460
1 327
1,195
107
2,420
1 321
1, 195
102
2,358
1 293
1,175
96
2,263
1,258
1,150
86
2.072
1,122
1,030
71
2,003
1,049
960
68
2,179
1,170
1,070
79
2,345
1,298
1,170
105
2,496
1,380
1,230
123
2,669
1,480
1,315
134
2,763
1,523
1,360
130
r
2,758
1 467
1, 325
111
556
159
210
167
'409
558
162
210
153
410
554
170
202
126
407
564
178
203
106
383
552
184
192
93
348
542
186
188
92
302
549
187
199
95
297
559
186
208
103
333
562
184
213
114
357
590
183
234
131
379
634
189
259
141
398
666
196
277
148
410
2, 761
' 1, 484
1,335
'117
r
150
425
717
210
308
137
425
1, 224
1,243
688
'203
'289
r
1,236
437
97
479
223
1,214
410
98
492
214
1,083
390
101
389
203
971
366
95
320
190
829
351
88
214
176
747
342
82
155
168
694
316
78
150
150
795
354
83
180
178
912
366
99
255
192
1,059
379
110
360
210
1,141
397
118
410
221
1,193
do
do
~do_ _
public
of dol
do
do
3,199
2,226
1,192
3,199
2 247
1,215
3,136
2 238
1,210
3, 254
2 269
1,229
3,429
2, 350
1,307
3,428
2,396
1,336
3,442
2,446
1,330
3,493
2,498
1,366
3,531
2,502
1,366
3,506
2,486
1,358
3,491
2,514
1,372
534
128
362
530
127
363
525
126
364
537
125
365
539
124
366
552
123
368
3,451
2, 435
1, 345
'
582
122
371
604
121
375
622
120
376
626
119
376
622
117
376
637
116
376
'659
115
376
680
114
376
do__do _
do
973
385
318
952
372
314
898
363
266
985
384
320
1,079
393
393
1,032
389
344
1,016
376
341
996
377
321
995
366
319
1,029
368
340
1,020
378
325
977
351
319
>-967351
'315
981
359
319
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
- number
Total valuation
mil of dol
Public ownership
_
_ _ _ _ _ do
Private ownership
do
61,612
1 573
509
1 064
65, 832
1 816
589
1,227
67, 701
1,965
633
1,332
54, 671
1,499
475
1,024
62, 394
1,829
617
1,212
56, 285
1,504
480
1,024
58, 456
1,581
472
1,109
75, 533
2,135
677
1,458
79, 184
2,322
676
1,646
75, 896
2,185
675
1,510
75, 141
2, 255
757
1,498
73, 130
2 272
64, 144
1,895
number.
thous. of sq. ft
__mil. of dol_.
5,251
42, 549
551
5,090
45, 303
647
5,321
50, 258
671
4,302
38, 559
491
5,017
51, 396
701
4,227
42, 768
565
4,284
41, 861
534
5,729
51,925
759
6,135
51,989
706
6,107
51, 736
726
_ - number__
thous. of sq. ft
mil of dol
53, 403
70, 591
693
57, 928
78, 995
777
59, 900
85, 814
852
48, 656
71, 778
709
55, 407
77, 300
762
50, 696
70, 031
690
52, 583
74, 545
744
67, 539
98, 806
990
70, 088
107, 850
1,070
number
mil. of dol _
2,442
263
2,357
293
1,988
343
1,317
205
1,514
273
979
174
1,234
248
1,803
273
number-mil. of dol
516
67
457
99
492
100
396
94
456
93
383
76
355
55
Value of contract awards (F. R. indexes):
Total unadjusted
.194 7-49 =100__
Residential unadjusted
_ _ __
__do
Total adjusted
do
Residential, adjusted
_
_ do
229
243
218
244
234
254
231
253
231
256
241
263
232
254
255
264
211
237
259
277
215
241
261
288
1,271
1,479
996
1,215
1,373
8,391
1,711
3,408
3,272
7,821
1,206
4,301
2,314
8,376
582
5,485
2,309
5,076
1,500
1,919
1,657
114.3
113.0
81 4
1.3
115.7
113.4
80 6
2.3
110.7
110.5
80.2
,2
211 0
1, 248. 0
99.8
98.2
88.3
2.9
7.0
2
1.7
121.9
Public, total
Nonresidential building
Military facilities
Highway
Other types
_ - do _ _
do
do
do
do
New construction (seasonally adjusted), total
Private total
Residential (nonfarm)
Nonresidential building, except farm and
utility
mil
Farm construction
Public utility
- _Public, total
Nonresidential building
Highway
.
- -
393
123
450
227
r
397
128
470
229
r
3, 466
' 2, 499
* 1, 337
395
128
495
225
3,497
2 516
1,334
CONTRACT AWARDS
Nonresidential buildings:
Projects
_ Floor area
Valuation
Residential buildings:
Projects
Floor area
-Valuation
Public works:
Projects
Valuation
Utilities:
Projects
_
Valuation
Engineering construction:
Contract awards (ENR)§
mil. of dol
Highway concrete pavement contract awards rcf
Total
_- - - - thous. of sq. yd__
Airports
- - do_~
Roads
do
Streets and alleys
- - - __do
761
549
1,511
1,346
6,217
57, 218
843
6,715
64, 544
5,715
47, 886
893
681
66, 558
97, 248
1,011
65, 459
95, 481
951
62, 799
94 491
55, 514
82, 058
959
835
2,301
342
2,610
290
2 887
382
2 960
2 447
462
113
660
204
621
158
578
79
656
88
468
79
228
266
261
297
264
307
260
291
290
336
253
286
296
332
245
280
294
320
253
290
281
301
257
296
271
277
259
278
1,295
1,085
1,987
1,449
1 727
1 882
1 684
1 240
1 786
8, 691
2,698
3 639
2, 354
7,134
2,600
2,769
1,765
7,289
2,134
3,635
1,520
9,504
2,021
3,988
3,495
8,470
2,855
2 279
3,336
8,760
1 242
3 305
4 213
9,292
950
3 966
4 376
5,787
944
2 237
2 606
9 346
5 321
3*737
5,798
490
2 246
3,062
103.6
103.3
75.4
.3
90.6
89.9
69.0
.7
87.6
87.3
67 8
.3
89.9
87.9
64 9
2.0
113.8
112.8
86 0
1.0
132.0
130 5
95 4
1.5
137.6
135 1
97 3
2 5
' 134. 8
131 4
115.0
114 2
83 7
8
123.0
121 7
89 4
13
113.0
111 7
79 6
13
1, 287. 0
1, 393. 0
1 478.0
1 416 0
1 370 0
1 367 0
1 350 0
1 362 0
l 371 0
1 202 0
1 304 0
1 230 0
97.3
95.9
86.7
2.8
6.4
1.5
94.3
94.1
84.2
2.7
7.2
2
88.0
87.7
77.8
2.7
7.1
.3
77.4
76.0
66.3
2.9
6.8
1.4
76.3
75.9
67.3
2.1
6.5
.3
78.8
76.8
67.9
2.5
6.3
2.1
115.6
114.7
100.5
4.0
10.1
.9
119.3
118 5
107.5
33
7.8
8
120 1
117 4
104 4
32
98
2.8
115 1
113 0
102 2
2 9
7 9
2. 1
98 2
97 4
89. 4
2 4
5 5
122.1
395
122.6
122.4
122.5
396
122.6
122.7
123.2
396
123.9
124.3
124.7
126.0
126 3
595
649
629
539
596
597
649
629
545
598
598
649
629
545
599
598
649
629
545
599
600
650
630
551
601
601
650
628
553
601
611
664
629
568
604
613
664
641
573
605
1
1
1
332
299
288
NEW DWELLING UNITS
( U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned- _ _ thousands- .
Privately owned, total
do
In metropolitan areas
do
Publicly owned
__ _ _
_ _
do_
Seasonally adjusted at annual rate:
1
Privately owned total
do
Building construction authorized, all permit-issuing
places:
New dwelling units, total.-. _ _ _ _
thousands .
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 _.
CONSTRUCTION COST INDEXES
Department of Commerce composite - -1947-49=100Aberthaw (industrial building)
. - 1914=100
American Appraisal Co., The:
Average 30 cities
_
- 1913=1004tlanta
_do
New York
do
San Francisco
_
_ do
St. Louis
do
r
2
594
642
625
539
596
598
649
629
545
599
599
649
629
550
600
r
r 96 2
'3 4
T
.8
397
602
654
626
553
601
604
654
627
556
601
399
2
Revised.
1 Data includes some contracts awarded in prior months but not reported.
Revisions for July 1954 (thousands): Tatal, 98.2; publicly financed, 2.0.
§ Dat'i for September and December 1954 and March, June, and September 1955 are for 5 weeks; other months, 4 weeks,
cf Data for August and December 1954 and March, June, arid August 1955 are for 5 weeks; other months, 4 weeks.
614
665
642
575
606
SURVEY OF CURRENT BUSINESS
S-8
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
Novem- DecemAugust SeptemOctober
BUSINESS STATISTICS
ber
ber
ber
October 1055
1955
January
February
March
April
May
June
July
August
September
441
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Continued
Associated General Contractors (all types). -1913 =100. .
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 :c?
B uilding
1947-49 = 100
Construction
do
Bu. of Public Roads— Highway construction:
Composite, standard mile
1946=100
430
431
432
432
432
432
432
432
434
435
439
443
443
257.9
253.3
256.3
258.3
253.7
256.5
258.5
253.9
256.8
258.2
253.4
256.8
258.5
253.8
257.1
258.8
254.6
257.7
258.8
254.7
257.9
259.0
254.9
258.6
260.7
256.2
260.0
261.8
257.3
261.3
263.8
259.5
263.1
266.1
262.0
264.3
266.7
262.6
264.9
265.8
261.7
255.3
255.5
245 5
266.1
262.1
255 4
255.7
245 9
266.3
262.2
255 6
256.1
245 9
266.0
262.0
255.5
256.1
245.6
266.2
262.2
255.7
256.4
245.9
266.4
262.5
256.2
257.4
246.0
266.5
262.6
256.3
257.7
246.1
266.7
262.9
256 8
258.8
246 3
268.5
264.5
258.1
260.3
247.4
269.7
265.6
259.6
261.8
248.3
271.5
267.3
261.3
263.8
249.8
274.0
271.9
262.3
264.5
257.5
274.6
272.4
263 2
264.8
257 8
257.0
250.8
257 2
251.1
257 5
251.4
257.4
251.4
257.7
251.7
258.4
252.4
258.6
252. 6
259.3
253.5
260.7
254.9
262.3
256.4
263.9
258.3
264.9
259.1
265.6
259.6
134 4
141.3
134 7
141.6
135 0
141.8
135 1
141.9
135 4
142.1
135.9
142.4
135.9
142.5
136 2
142.9
136 8
144.2
137 4
144.8
138.3
145.7
141 5
148.4
141 7
148. 5
128.1
125.4
142 0
148.8
125.5
127.6
CONSTRUCTION MATERIALS
Output of selected construction materials, index :f
Iron and steel products
1947-49=100
Lumber and wood products
do
126.9
107.6
124.3
126.6
121.3
133.5
105.6
127.5
97.6
124.9
104.5
117.7
104.5
116.7
130.1
136.4
133.5
129.9
136.2
136.6
'154.2
142.3
119.6
127.5
150, 706
418, 182
135, 743
409, 864
153, 592
517, 807
182, 894
492, 850
201, 289
555, 699
252, 393
622, 155
226, 434
566, 118
269. 267
531, 647
243, 346
514, 998
229, 813
548, 510
269, 487
552, 928
230, 031
520, 545
279, 312
617 282
659
689
708
743
867
717
688
702
754
821
1,017
1,061
1,187
841
828
824
807
853
744
775
1,026
1,016
1,069
1,157
1,054
1,171
289
372
180
282
369
177
283
364
177
278
357
172
295
369
189
252
326
166
265
340
171
386
427
212
380
430
205
395
470
205
418
536
204
371
494
188
416
553
201
2,086
2,108
78, 163
2,122
2,365
64, 087
2,156
2,079
57, 668
2,148
2,181
61, 663
2,267
2,224
83, 881
2,024
2,305
75, 265
1,958
2,189
85, 046
2,455
2,595
88, 197
2,357
2,447
78, 632
2,483
2,457
71, 789
2,636
2,861
70, 828
61,614
71, 103
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. A dm.: Face amount
. thous. of dol
Vet. Adm.: Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
mil, of dol
New mortgage loans of all savings and loan associations, estimated total
mil. of dol
By purpose of loan:
Home construction
do
Home purchase
.
^do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
mil. of dol
Nonfarm foreclosures
number
Fire losses
thous. of dol
2,463
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
Combined index
1947-49 = 100
Business papers
__ . do
Magazines
_ _
do
Newspapers
__
do
Outdoor
do
Radio (network)
do
Television (network)
1950-52=100
••66
"272
169
171
132
156
156
60
272
167
174
133
155
143
50
275
178
168
140
170
163
55
294
174
161
141
160
162
53
304
182
165
137
182
144
60
294
181
164
140
182
132
61
304
182
167
141
186
152
57
300
179
168
145
178
149
54
301
186
165
148
188
156
54
311
191
172
145
201
146
56
324
191
164
143
190
151
58
371
196
179
150
203
142
55
343
168
'166
126
'163
138
Tide advertising index, unadjusted
1947-49=100
130.3
159.6
188.9
191.7
149.6
140.9
158.6
191.0
195.3
202.8
191.5
150.6
156.6
Radio advertising:
Cost of facilities, total
Automotive incl accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Soaps cleansers etc
Smoking materials
• All other
thous of dol
do
do
do
do
do
do
9 571
10 445
10 950
10, 786
10, 215
11, 239
9,924
10, 106
(i)
2,341
2,343
1,023
2,644
2,532
1,168
2,342
2,142
1,046
2,330
2,231
1,095
3,068
2,492
2,481
1 254
1,023
3,081
2,574
2,353
1,064
2,621
2,556
2,537
1 161
1,021
3 043
3,014
2,790
3,056
2,690
2,674
r 9, 434
••928
' 2, 129
' 2, 125
«• 1, 014
'821
»• 2, 416
8,273
2,546
2 608
1 208
11,429
1 Oil
2,576
2,578
1 219
11, 187
2,130
2 326
1 135
613
2 647
721
692
771
631
977
857
822
957
834
883
775
875
928
965
845
931
829
1,636
1,750
712
783
2,563
Television advertising:
Cost of facilities, total
Automotive including accessories
Drugs and toiletries
Foods soft drinks confectionery
Soaps cleansers etc
Smoking materials
All other
do
do
do
do
do
do
do
23 669
1 934
5,504
5,447
2 798
3,559
4,426
26, 198
1,932
6,053
5,795
3 054
3,510
5,855
31, 671
2 837
7,202
6,571
3,055
3,728
8,278
32, 075
3,432
6,721
6,735
3,145
3,734
8,307
33,560
3,388
7,357
7, 453
3,296
3,929
8,139
33, 446
3,506
7,727
7,735
3,453
3,388
7,636
31, 279
3,239
6,835
7,339
3,333
3,262
7,271
34, 574
3,725
7,657
7,991
3,728
3,601
7,873
Magazine advertising:
Cost total
Apparel and accessories
Automotive incl accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
Beer, wine, liquors
do
do
do
do
do
do
do
36, 548
4,202
3 787
1,554
3 499
5 357
1,521
51, 787
6,399
3,162
3,198
4,460
5,999
2,005
63,048
5,712
3,262
3,236
6 195
8,885
3,158
63, 511
4,728
5,878
2,184
5,795
8,477
4,135
45. 077
3,340
3,714
4,361
6,472
4,568
34, 648
1,856
4,177
1,394
3,289
5,234
1,507
47, 479
3,025
4,523
2,303
4,780
7,390
2,220
56, 966
4,852
5,308
3,447
4,995
7,916
2,472
67, 133
5,267
7,112
4,179
5,738
7,625
3,108
66, 611
5,492
6,621
3,906
5,867
7,352
3,225
53,083
2,993
5,815
3,153
5,400
7,026
2,720
do
do
do
do
do
do
1 348
1 001
2,793
456
1,087
9,943
3 005
2,510
4,303
4 450
3,690
4,769
4,439
2,948
4,229
2 807
1,510
3,036
913
1,291
2,313
2,958
2,657
3,675
4,999
3,561
4,567
3,200
1,670
1,496
3,451
1,377
17, 502
1,549
18, 390
1,492
12, 622
1,055
11,113
1,486
16, 229
1,362
18, 822
5,131
3,842
4,983
1,098
1,622
17, 472
4,012
1,860
4,208
1,285
14, 732
1,913
1,726
3,089
1,073
1,350
14, 088
1,458
13, 742
1,272
10, 063
1,369
10, 881
3,864
4,656
4,999
4,306
3,283
3,771
4,348
4,794
4,927
4,548
3,402
3,395
4,205
Household eouipment and supplies
Household furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
Linage, total
r
thous. of lines
729
810
760
1
Revised.
Data are no longer available.
1
§ 1Copyrighted data; see last paragraph of head'note, r-,p. QS-l.
cf Data reported at the beginning of each month are shown here for the previous month.
t Revised series.
859
294
506
971
r
32, 702
3,387
*• 7, 440
7,374
3,592
3,348
7,562
791
' 33, 450 ' 31, 724 29,997
3,511
3,773
3,670
r 7, 565 ' 7, 771 8,762
7,185
7,182
6,069
3,531
3,762
3,416
3,714
3,468
3,354
7,456
' 6, 258 4,725
695
37,329
918
4,540
1,690
4,221
6,388
2,084
1,748
715
492
30, 345
3,358
8,661
5,947
3,849
3,203
5,328
40,836
4,197
3,762
1,699
3,744
6,139
1,888
540
5,032
SURVEY OF CURRENT BUSINESS
October 1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
SeptemDecemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
S-9
1955
January
February
March
April
May
June
July
August
September
DOMESTIC TRADE—Continued
ADVERTISING- Continued
Newspaper advertising:
Linage, total (52 cities) .__
Classified
Display, total
Automotive
Financial
General
Retail
__
thous. of lines
do
do
do
do
__do
do
_.
_
_-
199, 363
53 001
218, 909
51 050
244, 880
54 501
238, 475
48 793
229, 480
45 160
196, 204
50 842
194, 395
48 519
242, 549
57 756
243, 834
59 996
260 381
64 921
243 718
61 286
212 279
60 911
219, 750
63 121
146, 362
10, 781
2 278
167, 858
9,760
2 673
28, 981
126, 444
190 379
12, 572
3 179
37, 559
137, 069
189 682
15,617
3 255
34, 513
136, 298
184 320
8,074
3 218
26 038
146, 991
145
9
4
24
106
145 876
11,040
2 708
27, 748
104, 379
184 793
15 292
3 530
34 414
131, 557
183 838
17, 079
3 382
33, 243
130, 135
195 460
18 499
3 278
36 696
136, 986
182 432
19 541
3 203
34 278
125, 409
151 368
15 226
3 772
24 968
107, 402
156 629
15, 914
2 657
23, 800
114, 259
23, 526
109, 777
362
980
516
785
081
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services, total _
_bil. ofdol
237.9
241.0
245.8
250.5
29.4
12.4
12.9
30.4
13.4
12.9
34.4
16.4
13 9
35.1
16.6
14.2
do_ _
do
do _ .
do
121.5
19.5
74.0
7.2
122.5
20.0
74.4
7.4
122.4
19 8
74 0
7 5
125.3
20 5
75.9
7 7
do
do
do___
do.. _
87.0
12.7
29.9
7.2
88 1
13.0
30.2
7.3
89 0
13 1
30.6
7 4
90 2
13.4
31.0
7 4
Durable goods, total 9
do._ _
Automobiles and parts _ _ _ .._ _ _ _ _do
Furniture and household equipment
do. _
Nondurable goods, total 9
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services, total 9
Household operation. _
Housing
Transportation. _
-
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
mil. ofdol..
13, 896
14,139
14,665
14, 531
17, 872
13, 279
12,762
14, 704
15,622
15,468
15, 734
15, 398
r 15, 622
i 15, 884
Durable-goods stores 9
do
Automotive group .
_ ___do
Motor- vehicle, other automotive dealers._do_ _
Tire, battery, accessory dealers
do
4 916
2,672
2,526
146
4 842
2,536
2,399
136
4 853
2,491
2,344
147
4 786
2 478
2,338
141
5 614
2, 824
2. 636
187
4 482
2 645
2 532
113
4 503
2 707
2, 591
116
5 430
3*305
3 170
135
5 704
3 431
3,271
159
5 845
3 409
3 252
157
6 125
3' 536
3 355
180
5 720
3 271
3 080
191
5 980
»-3 435
3,252
182
i 3, 294
730
434
296
740
433
307
812
488
325
836
503
333
1,025
600
425
698
410
288
682
405
277
761
456
305
757
466
292
809
510
299
847
522
325
825
492
333
Furniture and appliance group _ _
Furniture homefurnishings stores
Household-appliance, radio stores
do
do
__do
r
854
514
340
1855
Lumber, building, hardware group
Lumber building-materials dealers
Hardware stores _
do__
do
_do__
923
707
216
936
706
230
947
704
243
898
652
246
916
597
319
663
493
170
639
480
160
795
599
196
900
672
228
998
752
246
1 040
798
242
973
735
238
1,032
795
237
Nondurable-goods stores 9
Apparel group
- Men's and boys' wear stores
Women's apparel, accessory stores
Familv and other apparel stores
Shoe stores
.
do._
- do
do .
do
do
do
8,980
681
133
266
154
128
9,296
847
164
323
188
172
9,812
911
192
350
204
165
9,744
920
211
361
195
152
12, 258
1,448
354
566
313
215
8 797
693
149
284
136
125
8,260
602
130
247
120
106
9 274
796
155
328
167
146
9,917
986
194
384
199
209
9 623
878
184
352
166
177
9 608
868
197
326
167
178
9 678
756
160
287
156
153
9,642
r
740
144
281
165
150
do. do
do
do
do
396
1,207
3 374
2,828
1 026
392
1,156
3,475
2,920
975
406
1,139
3 661
3,100
1 017
398
1,067
3 452
2 893
994
530
1,113
3 920
3 304
1 008
420
1,013
3 398
2 868
949
394
950
3 253
2 742
873
409
1,026
3 527
2 983
944
416
1,080
3 689
3 127
988
419
1,136
3 514
2*950
1 046
425
1,168
3 591
3 025
1 066
434
1,274
3 761
3 198
1 117
i 422
••432
' 1, 282 i 1, 249
i
3
775
»-3 617
'3 055 i 3, 196
r I 108
i 1, 053
General-merchandise group
do
Department stores, excl. mail-order cf
do
Mail-order (catalog sales)
do
Variety stores
do
Other general-merchandise stores
..-do.Liquor stores
_._
___
do
1,424
761
95
231
337
264
1,543
852
103
235
353
276
1,686
923
107
255
401
283
1,821
1,025
140
265
391
287
2,850
1,555
173
549
574
458
1,244
676
83
186
299
248
1,171
611
85
190
284
240
1,464
796
107
219
342
256
1,650
897
94
278
381
266
1,584
866
99
243
376
268
1,565
852
102
248
363
266
1,412
745
82
244
342
289
r 1, 562
do...
14,150
14, 214
14, 071
14, 361
15, 123
14 864
14, 765
15 060
15, 251
' 15 368
15, 345
15 484
15, 662
Durable-goods stores 9--- do .
Automotive group
_ .
_
do
Motor-vehicle, other automotive dealers .do
Tire, battery, accessory dealers
do
4,770
2,571
2,430
141
4,798
2,564
2,434
131
4,689
2,485
2,348
137
4,948
2,685
2,547
138
5,320
3,054
2,904
150
5 143
2 844
2 700
143
5,209
2,990
2,841
149
5,458
3 169
3 020
149
5,522
3,202
3 044
158
5 507
3 108
2 955
153
5,570
3 171
3 Oil
160
5,640
3 148
2 963
184
5, 763
3,363
3, 192
171
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
__
_
Estimated sales (adjusted), total
••833
111
255
364
287
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance, radio stores
do
do
do
724
415
310
728
426
302
752
444
308
744
448
296
766
475
290
805
488
317
810
496
314
836
496
340
837
504
334
826
498
329
823
503
320
887
536
352
827
492
336
Lumber, building, hardware group ...
Lumber, building-materials dealers
Hardware stores
do
do
do
864
644
219
867
645
222
875
648
227
905
674
231
909
668
241
879
647
232
836
623
213
863
645
219
890
661
229
955
719
236
938
707
231
923
684
239
916
684
232
9,380
823
178
315
190
140
9,417
820
177
311
183
149
9,382
812
173
309
175
155
9 412
823
173
330
166
154
9 803
91?
188
374
177
173
9 722
889
184
356
180
169
9,556
870
188
338
183
161
9 602
867
183
334
193
157
9 729
889
194
342
183
169
9 860
905
197
350
188
170
9 775
878
196
338
180
164
9 844
905
193
353
190
168
9,900
892
194
339
186
173
404
1,107
3,497
2,927
969
410
1,106
3,570
2,992
950
407
1,085
3 522
2,966
982
411
1,070
3 494
2,944
985
413
1,070
3 657
3 103
974
425
1 092
3 560
3 007
1 023
412
1,085
3 577
3,010
998
418
1 083
3 602
3 053
1 007
427
1,141
3 525
2 980
1 023
428
1 126
3 636
3 069
1 026
431
1 140
3 635
3 063
1 030
439
1 158
3 561
3 004
1 034
442
1,165
3 683
3,114
1 026
Nondurable-goods stores 9
-- -- --- do
Apparel group
__
- - __
do
Men's and boys' wear stores
do
Women's apparel, accessory stores _do
Family and other apparel stores
do. .. _
Shoe stores
-_ _
._
do
Drug and proprietary stores
Eating and drinking placesFood group
_
Grocery stores Gasoline service stations
_
._
._
.do
do _
do
do .
do
General-merchandise group
do
1 565
1,566
1,576
1 669
1 671
1 570
1 723
1 615
1 676
1 654
1 584
1 677
1 630
854
Department stores, excl. mail-order. .. __do._
849
904
867
870
902
849
912
901
861
958
889
877
Mail-order (catalog sales)
do
100
101
98
113
107
101
112
106
104
112
111
104
109
Variety stores _ _ _
-._
___do
247
257
256
254
285
258
276
269
276
271
258
268
268
364
Other general-merchandise stores
do
353
359
374
341
377
393
381
377
384
378
377
404
283
266
291
Liquor stores
do
284
266
303
294
296
292
290
277
277
273
r
Revised.
i Advance estimate.
9 Includes data not shown separately.
tf Correction: 1951 monthly average for combined department-store and mail-order sales (old series) shown in the 1955 edition of BUSINESS STATISTICS should read $927,000,000.
1886
i 1, 643
1891
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
Aiieiist
August
BUSINESS STATISTICS
October 1955
1954
Se
tem
P
October
ber - uctooer
Novem
ber -
Deeember
January
February
March
April
May
June
July
August
September
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated inventories:
Unadjusted, total
Durable-goods stores . . .
Nondurable-goods stores
mil. of dol
22, 140
do - . 10, 160
11,980
do
Adjusted, total
Durable-goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable-goods stores.
_.
Apparel group
Food group.
General-merchandise group
_
Firms with 11 or more stores:
Estimated sales (unadjusted), totil9
22, 500
9,890
12, 610
22, 630
9,570
13, 060
23, 270
9,840
13, 430
20, 670
9,240
11, 430
20, 970
9,700
11, 270
22, 010
10, 270
11, 740
23, 520
10, 950
12, 570
23, 570
11, 280
12, 290
23, 390
11, 240
12, 150
22, 840 * 22, 730
10, 920 >• 10, 850
11, 920
11, 880
23, 220
10, 750
12, 470
do
do
do
do
do
22, 450
10, 290
3,740
1,920
2,320
22, 420
10, 230
3,660
1,930
2,340
22, 000
9,980
3,360
1,930
2,340
22, 080
10, 030
3,390
1,930
2,340
22, 090
10, 060
3,430
1,900
2,410
22, 210
10, 160
3,650
1,850
2,330
22, 360
10. 330
3,770
1,890
2,310
22, 590
10, 450
3,900
1,890
2,290
22, 760
10, 540
3,960
1,910
2,290
23, 000
10, 750
4,130
1,920
2,310
23, 190 * 23, 370
10, 780 r 10, 840
4,100
4,160
1,950
1, 950
2,330
2, 350
23, 380
10, 830
4,150
1,960
2, 350
do
do
do
do
12, 160
2, 670
2,490
3,740
12, 190
2,740
2,370
3,820
12, 020
2,690
2,290
3,770
12, 050
2,700
2,300
3,810
12, 030
2,570
2,310
3,920
12, 050
2,650
2,380
3,830
12, 030
2,710
2,350
3,820
12, 140
2,770
2,310
3,870
12, 220
2,800
2,380
3,830
12, 250
2,740
2,420
3,860
12, 410 r 12, 530
2,740 r 2,770
2, 450
2, 500
3,990
4,020
12, 550
2, 730
2,507
4,040
do
2 470
2,598
2,802
2,743
3,718
2,316
2,255
2,632
2,906
2,721
2,778
2,729
2, 713
Apparel group 9
do
Men's and boys' wear stores _ _ _ do
Women's apparel accessory stores
do
Shoe stores.
do _
131
10
55
47
170
13
62
63
183
17
68
61
186
20
71
54
296
32
119
86
126
12
48
41
113
10
44
37
174
14
67
56
212
17
81
79
178
15
72
62
176
16
66
64
146
11
60
54
143
9
61
50
Drug and proprietary stores
- . . --do
Eating and drinking places
do
Furniture, homefurnishings stores _ _ - -do __
60
58
29
60
57
28
64
57
33
61
54
32
92
58
32
60
53
23
57
50
24
60
56
32
64
56
26
62
58
31
62
60
28
65
62
27
62
63
30
General-merchandise group 9
do
Department stores
do
Dry-goods, other general-merchandise stores
mil. of doLVarietv stores
_ . _ _ _ do _.
Grocery stores
do
Lumber buildinp-matenals dealers
do
Tire, battery, accessory stores
do
692
321
732
355
797
380
848
385
1,360
570
565
267
536
240
687
327
807
389
760
377
774
378
706
346
781
369
104
178
1 029
72
52
98
184
1,077
75
49
120
199
1,183
71
51
125
210
1, 081
68
49
203
425
1,288
58
74
80
140
1,083
50
42
73
144
1,071
54
42
93
170
1,166
61
49
116
215
1,253
68
57
105
186
1,135
75
56
110
190
1,164
80
63
103
181
1,212
77
69
117
192
1,121
84
64
Estimated sales (adjusted), total 9
do
2 655
2,654
2,607
2,660
2,798
2, 754
2,717
2,778
2,774
2,825
2,784
2,809
2,836
Apparel group 9
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
166
16
65
55
63
55
29
168
16
63
57
64
55
29
168
15
64
59
63
54
30
177
17
67
59
63
57
27
188
18
73
62
66
57
27
181
15
69
62
63
56
31
169
15
66
56
63
57
30
178
15
68
61
63
57
30
175
15
70
60
66
57
28
181
16
71
61
64
57
28
172
15
67
57
64
59
28
179
15
72
60
66
59
30
177
15
70
59
64
60
29
General-merchandise group 9
- -- 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
748
345
745
351
722
334
745
345
820
385
812
393
758
357
802
380
795
379
800
369
780
359
814
383
819
386
109
200
1,119
63
49
102
199
1,120
64
51
105
193
1,108
61
52
107
200
1,116
67
50
120
216
1,154
70
52
114
206
1,127
66
55
107
197
1,164
70
55
115
205
1,168
70
55
112
205
1,170
69
58
117
211
1,193
73
55
113
206
1,184
70
55
121
205
1,161
71
60
119
210
1,191
71
58
117
228
127
231
135
238
150
249
200
277
163
276
140
268
132
266
137
267
139
267
135
266
125
266
125
268
45
13
46
13
47
14
48
13
46
14
44
14
43
14
48
15
44
15
45
15
46
15
43
14
46
14
46
43
11
45
44
11
44
44
12
45
44
11
47
43
10
45
43
12
45
43
12
44
44
12
45
44
11
45
44
11
46
43
11
45
42
13
45
42
13
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49=100Installment accounts.
__
do. _ _
Ratio of collections to accounts receivable:
Charge accounts
percent- _
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales...
Charge account sales
do
Installment sales
• do .
Sales, unadjusted, total U. S.t
Atlanta
Boston
_
Chicago
Cleveland _ _ _ _ _
Dallas
Kansas City
Minneapolis
New York
Philadelphia- _ _
Richmond
St. Louis
S a n Francisco
98
113
118
137
200
91
88
100
114
116
109
98
P105
_.
do- _
_ _ - do do
_ _ - _ do- _
_
do
do
116
83
123
115
113
105
122
116
141
110
114
111
138
124
154
133
133
133
149
133
234
200
188
191
228
205
106
90
88
87
110
94
107
82
84
83
103
89
129
90
98
93
120
104
141
108
114
112
136
123
134
111
116
110
133
119
121
107
112
104
120
113
122
82
'96
96
123
111
P128
P86
P103
P104
P129
PH7
111
107
111
122
111
112
122
109
113
130
123
116
120
134
146
153
137
134
180
186
197
231
194
209
80
85
85
91
92
97
81
82
83
91
89
93
88
93
101
111
101
97
108
99
109
125
118
112
108
101
113
129
120
116
95
100
106
118
106
113
_
_ _ _ _ _ _
Sales, adjusted, total U. S . t _ _ _
Atlanta
Boston
Chicago _ _
Cleveland
Dallas
Kansas City
1947-49=100-.
_
_. __
_ _ _
__
do.
do
do._ do
do
do
do
_ _ - do
do
_ . _ dodo
do
_ _ do- _ _
r
r
r
98
94
117
108
99
81
85
103
100
111
89
'78
'90
107
102
' 107
P 102
P81
p96
P112
P109
P118
111
111
112
113
116
119
112
115
119
117
114
124
P119
r 129
126
108
108
105
122
116
135
109
108
106
131
118
133
110
109
107
131
116
135
110
112
110
136
120
137
114
116
111
140
124
134
109
109
108
129
114
133
107
114
107
134
120
142
108
119
116
142
126
137
111
117
113
134
120
136
107
114
108
132
118
152
114
122
124
145
136
143
107
114
114
139
124
104
108
103
126
••115
pl2l
P119
Minneapolis
_ do
105
104
104
111
112
106
107
108
103
103
107 *
111
P107
105
105
New York
do
102
102
105
106
106
108
104
101
103
P 105
108
105
108
Philadelphia _
do. _
108
111
111
113
113
108
115
114
113
r 121
P118
Richmond
... do_-_
122
119
122
129
124
128
122
133
126
128
p 134
123
r 135
110
109
St. Louis
do
112
114
114
122
117
123
116
108
120
132
p 120
San Francisco _ _ _
_ _ _ _ do_
«• 115
114
115
125
118
118
116
118
120
p 122
118
118
••123
T
Revised.
p Preliminary.
9 Includes data not shown separately.
t Data for 1946-55 have been revised to reflect current seasonal patterns and to allow for changes in the samples used in computing the unadjusted indexes. Revisions beginning with 1946
for total United States appear on p. 24 of the October 1955 SURVEY; unpublished revisions for the districts are available upon request.
SUKVEY OF CUREENT BUSINESS
October 1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-ll
1954
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August September
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores — Continued
Stocks, total U. S., end of month: J
Unadjusted _ _. ..
Adjusted
Mail-order and store sales:
Total sales, 2 companies
Montgomery Ward & Co
Sears, Roebuck & Co
1947-49=100
do
119
122
128
122
137
122
138
123
110
124
110
123
thous. of dol
__ . _. ..do
do
327, 837
77, 591
250, 247
345, 570
81, 298
264, 272
370, 634
88, 435
282, 199
384, 428
93, 531
290, 898
523,056
131, 875
391,181
266,312
53, 456
212,856
9,460
2,980
6,480
9,630
3,090
6,540
9,470
3,100
6,370
9,630
3,020
6,610
9,600
3,010
6,590
8,690
2,720
5,970
8,450
2,800
5,650
9,700
3,270
6,430
9,140
3,220
5,920
9,320
3,270
6,050
10,110
3, 450
6,660
11,630
5,710
5,920
11,750
5,640
6,110
11,940
5, 640
6,300
11,920
5,610
6,310
11, 560
5,460
6,100
11,740
5,650
6,090
11,770
5,850
5,920
11,620
5,940
5,680
11, 570
6,000
5,570
11, 550
6,060
5,490
11, 520
6,040
5,480
117
127
124
123
42, 847 319, 249
52, 271
76, 420
90, 576 242, 829
129
124
127
123
376, 049 370, 491
88, 607 84, 767
287, 442 285, 725
121
127
119
127
p 129
377, 031 347, 362 380, 967 , 391,258
83, 922 74, 182 87, 181
92, 071
293, 109 273, 179 293, 786
299, 187
WHOLESALE TRADE
Sales, estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments
mil. of dol
do
do .
Inventories, estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments ._
do
do
do. _
T
9, 660 10 540
3,190
3,570
' 6, 470 6,970
r
11, 660
5,950
5, 710
11, 850
5,970
5,880
r
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseas _ . thousands. - 162, 667
162, 945
163, 210
163, 465
163, 699
163, 930
164, 158
164, 367
164, 595
164, 799
165, 023
165, 248
165, 495
165, 762
117 634
EMPLOYMENT
Noninstitutional population, estimated number 14
vears of age and over, total©
thousands
Total labor force, including Armed Forces
Civilian labor force, total
Employed
_ _ __
Agricultural employment
Nonagricultural employment
Unemployed
..
Not in labor force
Employees in nonagricultural establishments:
Total unadjusted (U. S. Dept. of Labor)
Manufacturing
Durable-goods industries
_
Nondurable-goods industries
116 329
116, 432
116,547
116,644
116, 763
116,855
116, 901
117,051
117 130
117, 236
117,318
117, 404
117,517
do--_
68, 856
68, 566
68, 190
67, 909
66, 811
66, 700
66, 550
66, 840
67, 784
68, 256
69, 692
70, 429
70, 695
69, 853
do
_do
do
-do. do
65, 522
62, 277
6,928
55, 349
3,245
65, 244
62, 145
7 527
54,618
3 100
64, 882
62, 141
7,239
54, 902
2,741
64, 624
61,732
6,154
55, 577
2,893
63, 526
60, 688
5,325
55, 363
2,838
63, 497
60, 150
5,297
54, 853
3,347
63, 321
59, 938
5,084
54, 854
3,383
63 654
60, 477
5 692
54, 785
3 176
64 647
61,685
6 215
55, 470
2 962
65 192
62, 703
6 963
55, 740
2 489
66, 696
64, 016
7,681
56, 335
2,679
67 465
64, 994
7 704
57, 291
2 471
67
65
7
57
2
66
64
7
56
2
do
47 473
47 865
48 357
48, 735
49 952
50,156
50 352
50 212
49 346
48 979
47, 626
46 975
46 823
do
do
do
do
48, 123
15 822
8,820
7,002
48, 490
15 972
8,887
7, 085
48, 580
16 007
9,002
7,005
48, 808
16, 057
9,121
6,936
49, 463
16, 050
9,144
6,906
47, 741
15 925
9,113
6,812
47, 753
16 060
9 220
6,840
48, 212
16 201
9 323
6,878
48 643
16 255
9 418
6,837
48, 918
16 334
9*501
6,833
49, 508
16 577
9,624
6,953
760
99
37
211
Mining, total
do
Metal . _ _ . ... __ _
do
Anthracite
do
Bituminous coal
_
do
Crude-petroleum and natural-gas production
thousands .
Nonmetallic mining and quarrying . _ do.
Contract construction
do
Transportation and public utilities 9
do. _
Interstate railroads _
do
Local railways and bus lines
_ _ _ do
Trucking and warehousing *
do
Telephone
do
Telegraph _ _ _ _ _
_
__
do
Gas and electric utilities
do
763
99
35
215
744
90
34
213
743
91
43
211
749
94
44
212
747
93
43
212
741
94
43
211
737
94
40
210
739
95
38
208
739
97
37
205
742
97
34
208
306
108
2,735
4,018
1 220
126
716
703
41
565
300
107
2 698
4,023
1 212
125
732
696
41
561
292
106
2, 652
4,005
1,203
124
737
694
41
556
294
106
2,598
3,986
1,186
123
741
694
41
555
296
104
2 426
3,996
1 187
123
748
694
42
555
294
100
2 237
3,927
1 153
122
724
693
41
553
293
100
2 169
3,937
1 152
121
732
696
41
553
296
102
2 255
3 966
1 157
121
744
700
41
554
295
105
2 399
3 939
1 159
'l20
748
667
42
554
297
106
2 526
3 997
1 196
120
755
674
42
557
Wholesale and retail trade
do
Wholesale trade..
_ do. .
Retail trade 9
do
General-merchandise stores ___ _ _
do_ .
Food and liquor stores
do
Automotive and accessories dealers. _ do- _
10, 32]
2,784
7 537
1,280
1,434
760
10, 447
2,789
7 658
1,349
1,444
753
10, 548
2,819
7 729
1,398
1,460
749
10, 745
2,849
7 896
1,518
1,472
754
11, 354
2,860
8 494
1,903
1 494
767
10, 419
2,817
7 602
1,327
1 462
749
10 309
2,806
7 503
1,269
1 467
749
10 408
2 813
7 595
1 305
1 471
755
10 549
2 804
7 745
1 372
1 478
763
10 534
2 801
7 733
1 342
1 487
768
2,151
5,750
579
332
156
6 563
2,141
5,719
512
329
157
6 746
2,136
5,660
474
330
160
6 829
2, 134
5,622
466
328
158
6 917
2,136
5,588
463
327
155
7 166
2,124
5,533
456
326
153
6 835
2 132
5,536
462
324
150
6 873
2 150
5,571
463
325
154
6 922
2 161
5,674
480
329
157
6 927
2 171
5,733
488
333
160
6 881
do
do
do_ _ _
do
48, 029
15 688
8,856
6,832
48, 020
15 739
8,881
6,858
48, 129
15 835
8,975
6, 860
48, 386
15 972
9,082
6,890
48, 380
15 992
9,105
6,887
48 398
15 993
9, 124
6,869
48 440
16 091
9 211
6,880
48 766
16 229
9 300
6,929
48 881
16 380
9 405
6,975
do
do
do
_ _ do .
do
. _do
do
755
2 532
3,989
10, 475
2, 119
5,665
6 806
740
2 521
4,007
10, 447
2 141
5,634
6 791
743
2 502
3,995
10, 443
2 147
5,660
6 804
745
2 522
3,976
10, 496
2,145
5,650
6 880
743
2 476
3,986
10, 575
2 147
5,644
6 817
741
2 458
3,974
10 574
2 145
5 646
6 867
741
2 410
3,984
10 541
2 154
5 649
6 870
739
2 478
3,986
10 633
2 161
5 656
6 884
743
2 499
3,946
10 600
2 161
5 674
6 878
Finance, insurance, and real estate
Service and miscellaneous 9
Hotels and lodging places.
Laundries.
_ _ - _ . _ _ . _
Cleaning and dyeing plants
Government
Total, adjusted _ _ _ . _ . _
. _ _
Manufacturing
Durable-goods industries
Nondurable-goods industries
Mining .
_
Contract construction
Transportation and public utilities
Wholesale and retail trade _ . _ _ _
Finance, insurance, and real estate
Service a n d miscellaneous _ . _ _ . _
Government
_
.
do
do
_ do___
do
do
do
306
107
2 615
4 081
1 224
' 118
' '760
r
r
49, 420
16 475
r 9 511
r 6, 964
r
T
T 759
T 94
749
r 210
209
108
r 109
310
2 701
4 113
1 240
r 2 733
T 4 134
1 243
T
r 715
35
'308
r
42
762
42
r 571
10 643 r 10 633 r 10 643
2 826 T 2 858
2 864
r 7 779
7 817 r 7 775
l' 349 T i 313 T i 317
1 506 r i 499
1 503
r 785
' 777
2 206
5,775
r 514
T 338
T 788
2 237
r 2 240
' 5, 816 * 5, 819
T 574
575
r
161
339
156
6 851
6 696
49 214
16 545
9 523
7,022
749
2 526
4,000
10 655
2 171
5 676
6 892
47 781
p 759
?99
p 211
p 110
P 2 730
p 4 152
113
773
731
42
572
112
r 727
r 565
882
733
875
858
149
r 49 864
v 50 300
P 16 925
r ie'819
T 9' 595
*>9 632
' 7, 224 p 7, 293
r 90
r 35
r
726
488
536
952
237
338
151
P 10
P2
p7
P i
P i
p
793
876
917
377
514
786
p 2 220
p 5, 790
6 717
P 6 931
49 505
16 688
9 627
7,061
r 49 640
T 16 635
T 9 618
r
7, 017
r 49 750
r 16 682
T Q 632
r
7, 050
P 49 821
P i6 686
P 9 619
v 7, 067
756
2 514
4,064
10 711
2 184
5 690
6 898
T 757
2 548
' 4, 082
r jo 765
r 2 204
r 5 730
6 919
T 751
r 2 531
' 4, 103
r 10 802
r 2 207
T 5' 733
T 6 941
P
P2
p 4,
P 10
P 2
P 5
•p 6
r
755
551
135
793
220
704
977
Production workers in manufacturing industries:
P 13 399
Total (U.S. Dept. of Labor)
_
thousands
12,612
12, 657
12, 577
12, 418
12, 645
12 523
12 649
12 778
12 882
12 816
13 086 r 12 951 T 13 281
7 457
T 7' 499
Durable-goods industries
do _ _
6,965
7,081
7,198
r 7 576
6,890
7,218
7,182
7 282
P 7 623
7 375
7 530
7 630
102
Ordnance and accessories
do _ _ _
on
»Q
94
Q1
8Q
97
96
94
100
98
88
v 87
101
T
Revised.
*> Preliminary.
$ See corresponding note on p. S-10.
©Beginning July 1955, estimates relate to the calendar week which contains the 12th of the month; earlier data relate to that containing the 8th of the month
9 Includes data for industries not shown.
*New series. Figures relate to establishments primarily engaged in local or long-distance trucking, transfer, and draying services or in the storage of farm products and other goods.
SURVEY OF CURRENT BUSINESS
S-12
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
DecemSeptemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
October 1955
1955
January
February
March
April
May
June
July
August
September
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfg. industries— Continued
Total (U. S. Dept. of Labor)— Continued
Durable-goods industries— Continued
Lumber and wood products (except furniture)
thousands-Sawmills and planing mills
do ..
Furniture and fixtures __
__ . _ _. do
Stone, clay, and glass products
do
Primary metal industries 9
. 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.Machinery (except electrical)
_
_ do
Electrical machinery _ . _ _
do___
Transportation equipment 9
do
Automobiles
do _ _
Aircraft and parts
do
Ship and boat building and repairs. _ _- do. ..
Railroad equipment
do
Instruments and related products
do. __
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products 9 _
Meat products
Dairy products Canning and preserving
Bakery products
Beverages
do
.do
do
do
do
do
do
Tobacco manufactures
do
Textile-mill products 9
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
thousands ..
Paper and allied products..
. __ _. do ..
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
thousands. _
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
Production workers in manufacturing industries, adjusted:
Total
.
thousands_Durable-goods industries
do _
Nondurable-goods industries. .. _
-do
Production workers in manufacturing industries :
Indexes of employment:
Unadjusted
1947-49=100
Adjusted
_
_ ._ ...do
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States continental
thousands
Washington, D C metropolitan area
do
Railway employees (class I steam railways) :
Total
thousands
Indexes:
Unadjusted
1947-49=100
Adjusted
do
592
325
290
434
967
672
371
298
437
965
692
374
301
438
969
685
369
301
438
988
661
360
297
437
1,002
631
350
293
430
1,013
639
353
296
434
1,032
634
355
298
442
1,057
651
360
297
450
1,076
683
373
298
456
1,096
727
••389
300
466
1,115
'720
'387
298
460
'1,098
'730
393
'314
'470
' 1, 119
484
485
481
487
493
498
508
520
531
544
••557
'560
567
52
50
49
53
53
53
53
53
54
54
55
'44
53
820
1,095
766
1,238
562
528
103
36
214
373
821
1,097
785
1,183
504
531
103
36
218
386
829
1,093
800
1,249
580
522
104
35
218
393
844
1,092
811
1,334
665
524
101
36
218
390
843
1,106
809
1,375
702
525
104
37
218
373
834
1,109
800
1,400
730
523
104
38
217
360
844
1, 125
803
1,426
750
523
106
41
216
371
860
1,144
803
1,447
773
520
108
40
219
377
868
1,164
804
1,462
789
518
107
41
218
376
877
1,174
809
1,456
789
509
109
42
211
379
884
1,182
816
1,447
••782
503
113
41
220
385
'868
'1,160
'802
' 1, 420
'761
502
108
42
'219
372
'879
' 1, 152
'833
' 1, 383
726
501
105
43
'220
'388
5,528
1,238
251
85
320
174
127
5,612
1,268
257
80
347
173
122
5,531
1,180
262
76
244
175
119
5,459
1,111
264
75
179
175
118
5,427
1,062
264
72
151
173
114
5,341
1,007
256
72
135
168
107
5,367
985
250
73
125
169
105
5,403
991
248
74
128
169
109
5,359
1,011
246
78
142
169
114
5,352
1,035
251
83
149
171
118
5,456 ' 5, 452
1,089 ' 1, 150
'257
-•255
89
90
'233
'183
174
' 174
129
'122
102
974
440
202
110
978
440
204
112
979
440
204
103
983
440
204
100
983
443
200
91
977
444
192
89
985
446
196
83
985
445
197
80
983
446
196
80
965
431
197
82
974
433
202
79
'954
429
'194
'106
'982
441
202
P118
P986
1,054
439
222
1,059
445
224
1,057
444
222
1,060
444
222
1,073
442
223
1,069
437
221
1,101
437
222
1,110
439
222
1, 057
441
223
1,041
444
223
1,058
451
226
' 1, 025
'448
227
' 1, 101
'458
229
* 1,115
P464
509
520
201
179
139
175
66
338
224
518
529
201
177
137
196
83
331
217
520
534
202
175
135
202
84
330
213
518
533
205
173
134
202
81
332
216
519
534
206
172
133
207
85
335
222
512
534
207
169
132
209
85
336
225
512
535
209
170
132
209
87
345
228
516
548
212
172
133
212
87
347
227
516
551
214
173
132
211
89
337
222
516
550
215
175
134
216
90
331
218
521
545
217
176
-•135
219
91
342
••225
'518
'542
219
'177
'135
'216
92
'342
'225
519
'545
220
'177
135
'218
92
'351
230
P529
*>552
12, 297
6,928
5,369
12, 346
6,957
5,389
12, 445
7,054
5,391
12, 572
7,159
5,413
12, 580
7,177
5,403
12, 586
7,191
5,395
12, 673
7,269
5,404
12, 798
7, 350
5,448
12, 934
7,443
5,491
13, 081
7,549
5,532
100.4
99.4
101.7
99.8
102.0
100.6
102.3
101.6
102.2
101.7
101.2
101.8
102.3
102.5
103.3
103.5
103.6
104.6
104.1
105.8
105.8
106.7
' 104. 7
' 106. 1
' 107. 4 * 108. 3
' 106. 4 * 106. 5
2, 130. 9
206.4
2, 115. 9
204.7
2, 121. 3
205.5
2, 138. 7 i 2,431. 1
206.0 i 209. 8
2, 113. 2
206.1
2, 116. 4
207.0
2, 122. 1
207.5
2, 127. 4
207.3
2, 132. 9
207.7
2, 157. 4
211.3
2, 161. 3
211.9
2, 164. 5
211.5
1,099
1,092
1,083
1,064
1,059
1,037
1,033
1,035
1,040
1,081
1,109
1,120
1,125
83.0
81.5
82.5
82.3
81.8
83.5
80.4
82.2
79.8
81.5
78.2
77.5
78.0
78.1
78.1
78.7
78.4
79.5
81.6
80.5
'83.7
'81.9
*84.5
*82.8
P85.0
*83.5
134.8
138.0
139.1
142.2
143.1
141.5
144.4
146.6
146.7
150.1
152.1
'151.0
' 154. 8
v 159. 4
39.7
40.1
40.1
39.9
40.4
40.5
40.2
40.8
40.7
40.5
41.1
40.7
40.2
40.9
40.0
40.4
41.1
40.5
40.6
41.4
40.6
40.3
41.2
40.6
40.8
41.6
40.8
40.7
'41. 2
'40. 9
40.4
40.9
'40.3
'40.6
'41.1
'40.3
P41.0
P41.6
P40.9
40.6
41.7
40.8
40.7
38.5
41.5
41.9
41.2
41.2
38.9
41.1
41.5
40.9
41.2
39.5
40.8
40.9
41.4
41.1
40.0
40.7
40.7
40.5
40.6
40.4
40.8
41.2
41.3
40.6
40.6
40.8
41.1
41.3
41.3
40.9
40.4
40.6
40.3
41.3
41.2
41.0
41.7
40.7
41.8
41.6
41.8
'42. 5
41.6
'41.9
'41.5
'40.5
'40.9
'40.6
'41.3
'40.6
'41.8
42.5
42.1
'41.8
'40.7
P41.9
37.4
37.7
38.8
39.1
39.7
39.8
40.2
40.5
40.9
'41.0
40.1
40.3
39.4
40.0
40.3
40.5
40.6
40.4
40.5
40.6
40.7
'40.5
'40.5
38.2
41.1
41.6
41.2
41.4
41.2
41.2
41.2
41.6
40.9
40.7
41.3
40.9
41.4
42.1
40.4
40.2
40.8
42.1
41.6
40.3
'41.4
41.0
employees hired during Christmas season; there were about 304,300 such employees in all areas.
41.6
'41.5
*728
*315
*>473
*> 1, 134
P894
P 1, 136
P867
* 1, 365
P225
P399
' 5, 705 P 5, 776
' 1, 248 * 1, 267
259
89
327
172
127
v 177
*>221
P348
13, 200 ' 13, 119 ' 13, 158 p 13, 170
7,634 '7,609 ' 7, 615 * 7, 613
5,566 ' 5, 510 ' 5, 543 p 5, 557
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):
39.7
All manufacturing industries
hours
40.1
Durable-goods industries
do
40.1
Ordnance and accessories
- do _
Lumber and wood products (except furniture)
41.5
hours _
42.2
Sawmills and planing mills
do
40.6
Furniture and
fixtures
do
40.7
Stone, clay, and glass products
.__ do
38.4
Primary metal industries 9
do
Blast furnaces, steel works, and roiling mills
37.3
hours.
Primary smelting and refining of nonferrous
40.3
metals
hours
Fabricated metal prod, (except ordnance, ma40.5
chinery, transportation equipment)
hours. .
40.2
Machinery (excent electrical)
_do.__
r
Revised.
v Preliminary.
* Includes temporary Post Office
9 Includes data for industries not shown.
P42.4
P41.8
P41.3
P41.8
*42.0
SURVEY OF CUERENT BUSINESS
October 1955
S-13
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
September
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
All manufacturing industries, etc.— Continued
Durable-goods industries— Continued
Electrical machinery-. _
_
hours ..
Transportation equipment 9
do
Automobiles. _
_
-do -_
Aircraft and parts
do
Ship and boat building and repairs _ __do
Railroad equipment
do
Instruments and related products
-do
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products 9
Meat products
Dairy products
. ....
Canning and preserving
Bakery products.
Beverages
Tobacco manufactures
Textile-mill products 9 - Broad-woven fabric mills
Knitting mills .
39.8
40.2
40.0
40.8
39.0
38.4
39.5
39.9
40.1
40.0
39.8
40.8
37.9
36.8
39.9
40.0
40.4
40.4
40.6
40 7
38.4
38.2
40.1
40.5
40.7
41.8
42.9
41 2
38 2
39.9
40 3
40.5
40.5
42.5
44.0
41 4
39.2
40.4
40.5
40.6
40.3
42.1
43.0
41 5
39.4
40.1
40.2
40.2
40.4
42.4
43.8
41 1
39.5
39.4
40 5
40.5
40.5
42.7
44.3
41 3
39.6
39.5
40 5
40.6
40.6
42.1
43.5
40 7
39.6
40.0
40.3
40.1
40.8
42.7
44.3
41 0
39.9
40.1
40.6
40.5
MO. 6
••40.3
'40 0
r 41 o
r
39 8
••40.7
40 8
40.5
'39.8
'41.7
'42.5
41 2
39.1
'40.5
'40 2
'39.7
'40.6
'40.9
41.2
41 0
38.9
40.8
'40.4
'40.3
Ml. 5
Ml. 6
do
_ _ .do .
do
_
..do .
do _ _
_ . __do
do_. -
39.2
41.2
40 9
43.2
40.6
40.8
40.6
39.3
41.5
41 2
43.6
40.8
41.0
40.6
39 2
40.9
41 5
43.5
38.5
40.7
40.4
39 5
41 2
42 8
42 4
36.7
40.6
39.9
39 8
41.4
42 8
42.8
38.2
40.9
39.5
39.3
40.8
41 7
43.3
37.7
40.4
39.4
39 5
40.5
40 0
43 3
38.2
40 5
39.7
39 7
40.5
40 5
43 2
38.0
40 4
40.2
39 0
40 3
40 0
43 0
37.7
40 3
40.5
39 6
41.1
41 3
43 8
38.3
41 1
40.7
39
41
r 41
44
'39
41
40
9
5
3
0
3
4
7
39 7
'41 9
r 41 7
r
44 8
'39.7
41 4
r 42 2
39 9
'41 3
41 5
43 7
39 8
40 9
41 5
MO 1
Ml 6
do
do - .. _do__ do
38.5
38.5
38.4
37.6
39 4
38.6
38.7
37.5
40 1
39.2
39.5
38.3
36 9
39.8
40.3
38.5
38.4
40.2
40.6
38.3
37 7
39.6
39.9
37.4
37 0
40 0
40.1
38 2
37 6
40 0
40.1
38 4
36 4
38 7
39.1
36 3
38 8
39 5
40.0
37 5
39
39
MO
38
4
8
0
1
r 38 3
39 6
' 40. 3
37 7
' 39 4
'40 2
40 8
38 5
MO 7
MO 4
36.2
42.6
43.6
35.9
42.6
43.6
35.7
42.7
43.7
36.1
42.8
43.8
36.3
42.7
43.8
36.0
42.3
43.7
36.7
42.5
43.8
37.1
42.8
44.0
35.6
42.5
43.7
36.3
42.9
44.0
36.6
43 0
44 1
36.0
43 1
44 5
'36.9
r 43 2
44 3
P36.7
M3 4
38.5
40.9
40.5
41.0
40.7
39. 1
37.4
37.4
36.9
38.6
41.2
40.9
41.2
40.6
39.3
38.3
36.2
35.1
38.4
41.2
40.6
40.6
40.4
40.4
39.3
35.7
34.3
38.5
41.3
40.9
40.9
40.8
41 1
40.4
37.0
35 9
39.0
41.4
41.0
40.6
40.6
41.8
41.6
37.8
37.2
38.2
41.1
40.7
40.8
40.9
41.3
41.1
37.9
37.5
38.4
41 2
40.8
40 2
40 2
41 3
40 7
38.8
38 5
38.8
41.4
41.0
40 7
40.4
41 0
40 3
38.5
38 1
38.5
41.3
40.9
41 0
40.7
41 8
42 4
36.6
36 0
38.7
41 3
41.0
41 4
41.0
42 0
42 1
36.7
36 0
38.7
41 4
41 1
r 41 2
r 40 6
r 42 3
38.7
41 2
' 40 9
r 41 3
r 40 8
'38.8
P39.0
Ml 8
r 43 1
r 42 7
'37 9
r 37 5
37 7
37 4
r 38 2
40.8
33.0
33.1
40.2
23.6
32.6
40.1
34 1
35.3
40.6
33 7
35 6
41.7
35. 1
37.1
42.8
31.9
37. 1
42 0
36 3
37 8
41 6
31 9
36 9
41 1
28 8
37 2
42.2
30 8
37 4
'42 2
r 35 i
39 0
r 41 2
r 35 5
r 38 2
42 4
34 2
37 6
41.4
45.1
38.0
41.9
37.0
40.8
44.7
36.8
39.9
36.0
40.2
44.9
37.4
40.4
36.6
40.2
44.4
36 7
40.3
35 8
40.3
43.4
36.4
38.4
36 0
41.7
42.4
35.4
36.8
35 1
39.9
41 6
35 3
37 9
34 7
40.1
43.6
36 6
39 6
35 9
40.2
43.9
36 0
38 2
35 4
41.2
45.3
37 4
40 2
36 7
'40.1
'45 3
37 7
' 41 2
' 40.8
r 45 4
38 2
r 42 l
r 37 2
40
45
37
41
36
0
8
8
7
7
43 0
38.9
41 8
41.3
42.7
40.0
41.9
41.7
42.8
39.8
42 1
42.0
42
39
41
41
5
7
5
4
43 2
39.3
41 4
41.4
42 5
38.9
41 3
40.9
42
39
41
40
42
39
41
40
43
39
42
40
43
39
42
41
3
8
3
0
r 43 9
'39 4
42 3
r 41 i
r 43 2
42
40
42
41
9
2
4
8
40.4
40.4
40.5
40 4
40.8
40.4
40 3
40 3
40 3
40 6
r 40 6
39.7
36.0
39.3
44.3
39.1
35.2
38.7
44.2
38.9
34.9
38.0
44.2
38.7
34.6
38 1
44.2
39.5
37.1
38 4
44.4
38.9
35.3
38 0
44.0
38.9
35 1
37 9
44.2
38.8
35 2
37 6
44.2
38.6
34.7
37 6
44.2
38.8
34 6
37 7
44.1
39.1
'35 4
' 38 3
44.2
' 39.7
'35 9
r 39 i
'44.1
39
35
39
43
41.8
39.4
38.2
41.9
40.1
39.7
41.7
40.5
40.1
42.0
40 0
39.3
41.8
40 3
39.5
42.1
40 0
39.0
41 8
39 8
38 0
41 7
40 2
39 2
41 6
40 3
39 7
41 2
40 8
41 0
'41 3
r 40 4
r 40 1
'41 3
r 40 6
39 2
41 6
40 2
38 6
328
143
315
126
285
164
220
71
153
29
225
60
250
90
300
165
325
210
375
170
500
500
425
750
450
220
525
300
3,740
488
259
2,410
387
129
1,820
1,310
293
78
486
325
80
400
380
125
570
450
220
500
310
575
310
1 600
2 600
3 400
650
900
2 600
3 200
650
380
3 000
520
487
426
393
397
373
453
480
542
548
514
603
1,123
1,580
1,100
1,466
1,194
1,463
1,450
1,666
1 519
1,962
1 038
1,880
1 005
1,657
1 009
1,471
1,263
1,121
969
877
961
1,414
153, 737
1,299
135, 299
1,223
132, 089
1 365
153, 050
1 670
170, 882
1 694
165, 469
1 600
178 762
1 345
135 779
1 136
117, 402
1 057
108 861
924
91 602
839
92 834
28
75
92
28
65
75
34
68
73
41
79
87
9 381
44
92
105
35
95
111
10 198
33
88
107
10 224
11 337
25
69
86
8 423
25
55
66
6 739
40
56
64
32
59
68
6 606
6 764
37
60
70
7 681
2.5
3.0
.2
1.7
9
.2
3.3
2.9
2
3.2
3.6
2
1.3
3
Apparel and other finished textile products
hours .Paper and allied products . _ _ __
do. _
Pulp, paper, and paperboard mills __ __do _•
Printing, publishing, and allied industries
hours .
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 .-hours _
Nonmetallic miring and quarrying.. _ _ _ _ d o _.
Contract construction
do
Non building 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) 9
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
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. _
U. S. Employment Service placement activities:
Nonasjricultural placements __
thousands _
478
Unemployment compensation, State laws (Bureau of
Employment Security):
Initial claims cf
thousands
1,157
1,692
Insured unemployment, weekly average
do
Benefit payments:
1,523
Beneficiaries, weekly averaged*
- do_. _
Amount of paymentscf .
thous. of dol. . 162, 653
Veterans' unemployment allowances:
Initial claims
thousands
36
85
Insured unemployment, weekly average .
do
100
Beneficiaries, weekly average
do
10, 238
Amount of payments
thous of dol
526
304
9 444
7 377
7 520
Labor turnover in manufacturing establishments:
3.3
Accession rate ._ . .monthly rate per 100 employ ees__
3.4
3.6
3.9
3.5
3.3
Separation rate, total
do
.2
.2
.2
Discharge
do
Lay-off
do
1.7
1.7
1.6
14
12
18
Quit
do
.2
Military and miscellaneous
do
.3
.3
' Revised.
» Preliminary.
9 Includes data for industries not shown.
cf'Beginning 1955 includes data relative to UCFE (January 1955 initial claims, 29,000;
3.3
3.0
2
1.6
10
.1
15
10
.3
9
0
3
9
2 5
2
11
10
'.2
8
0
5
8
0
4
0
9
910
r 36 7
700
650
898
3.5
3.8
30
31
32
4 3
32
13
12
15
11
15
12
15
.2
beneficiaries, 2,700; benefits paid, $307,000).
.2
3
.2
3
'.2
r 41 3
r 40 0
42 2
41 4
40 9
1,092
34
'32
3
'11
16
.2
r 41 2
40
r 41
40
r 41
42
9
2
3
3
2
J» 40.7
MO. 7
Ml 3
Ml 8
*>37 3
38 0
40 6
6
8
2
9
p4 4
p4 1
P 3
vi4
P2 2
». 2
P858
SURVEY OF CURRENT BUSINESS
S-14
October 1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
ber
1955
DecemOctober November
ber
Janu-
ary
Febru-
ary
March
April
May
June
July
August
Septem-
ber
EMPLOYMENT AND POPULATION—Continued
WAGES
Average weekly gross 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
- -de...
76.36 ' 76. 33 p 77. 90
82 62 r 82. 61 p 84. 45
' 82. 62 ' 82. 21 v 83. 85
71.06
76.59
80.20
71.86
77. 39
80.60
72.22
77.97
81.41
73.57
79. 15
81.81
74.12
80 15
82. 21
73 97
80 16
81 20
74. 74
80.56
82 22
75 11
81 56
82 42
74 96
81.58
82 42
76.30
82 78
82 82
65.57
67.10
63.74
72.04
67.40
70.06
64.46
72.85
69.72
70.81
65. 10
73.34
68.64
68.89
64.62
74.57
66.91
66.67
65. 83
73.98
66.34
66.75
63 99
73. 49
66. 50
67.57
65 67
73. 49
66.10
66.99
65 67
74.75
67.06
67.40
64.48
75. 17
68.47
69.64
64 71
76.91
Primary metal industries 9
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. .
Machinery (except electrical)
do
Electrical machinery
_
do
80.64
82 39
82.86
84 53
85 60
87 26
87 29
88 34
89 40
90 69
r 91 30
r
92 57
' 92. 39
82.43
84.90
84. 45
87.30
87.98
90.12
89.95
91.25
92.34
93.66
T
95. 12
' 98. 65
98.33
79.79
79.59
80.40
80.60
81. 00
81.61
81.20
81.41
81.61
82.62
r
82. 82
' 84. 65
76. 95
80.80
72.04
77.74
81.81
72.98
78.53
81.61
74.34
79.52
82 01
74.89
80. 70
83.44
74.52
80. 15
82 82
74.56
80.34
83 64
74.74
80.73
84 87
75.33
80.34
85 70
75.52
81.54
87 15
76.30
r
80. 95
87 57
75 92
81.99
86 11
74. 82
Transportation equipment 9
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
-
85 63
88.00
85 27
81.12
81.79
86.40
89.15
85 68
78.83
78.02
87.26
90.54
85.47
81.02
82.13
91 12
96.53
87 34
80 22
86,98
93 08
99.44
87 77
83.10
88.88
92 62
96.75
88 81
82 74
87.82
93 28
98 99
87 95
82 95
85.89
94 37
100 56
88 38
82 76
84. 14
92 62
97.88
87 10
83.16
88.00
94 79
101.00
88 15
S3 39
88.62
T 8g 26
r 39 20
r 88 15
72.29
63 44
73.82
64 40
74.19
65 21
74.56
65 21
75.33
66 18
75.17
65 93
76.14
66 12
76.14
66 58
75.76
65 76
75. 92
66.83
77 93
66 42
64.68
67.57
76 07
r
69. 98
56 03
68.14
78.76
65.24
68.48
77.87
71.07
56.30
68.88
79.17
65.07
68.30
78 02
70.47
53.13
68.38
78.78
65.97
70.04
83 03
68.26
51 75
68.21
79.00
66.47
70.79
81.75
69.34
55.39
69.12
78.21
66.02
70.18
79.65
70. 58
54.67
68 28
77.62
66 36
70. 07
76 00
71.45
56 15
68 85
78.61
66 70
70.07
77 76
71.28
56 24
68 28
80.00
65.91
70. 12
76.00
70.95
57.68
68 11
81.41
67.32
71.51
79 30
72.71
56 68
69 87
82.21
67 83
71 38
r 79 3()
T 73 04
r 55 81
70 79
r g2 21
67 g9
72 07
r go 48
r 75 26
r 54 79
70 79
r 87 35
Tobacco manufactures
. . . do
Textile-mill products 9
do
Broad-woven fabric mills. _ . . _ _
do-._
Knitting mills
do
Apparel and other finished textile products
dollars ._
Paper and allied products .
do Pulp, paper, and paperboard mills
do .
Printing, publishing, and allied industries
dollars -Chemicals and allied products . . . .
do
Industrial organic chemicals
do
49.67
52.36
50.69
48.88
48.86
52.50
51.08
49.13
49.72
53.70
52.14
50.17
47.60
54.53
53.20
50.82
49.92
55.07
53.59
50.56
50. 14
54.25
52.67
49 37
49.58
55 20
53.33
50 81
51.51
54 80
52.93
50 69
50.60
53.02
52.00
47 92
54.71
54 51
53.20
49 50
55
r 54
r
53
r 49
r 54
54
r 53
49
48.87
74.98
81.10
48.82
75.40
81.97
47.84
76.01
82.16
48.37
76.18
81.91
49.01
76.01
82.34
48.60
75.72
82.16
49.55
76.08
82.34
49.71
77.04
83.16
46.99
76. 93
83.47
47.92
77.65
83.60
48. 68
78 69
85. 11
87. 40
78.94
83.43
88.39
79.52
85.07
87.94
78.69
83.64
88.55
79.71
84.66
90.09
79.90
84.46
88.24
79.73
84.25
89.47
80.34
84.86
90.79
80.32
85.69
89.71
81.36
87.12
90.95
81.77
86 51
90.95
82 80
87 54
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
93.07
96.05
75.85
85.65
51.24
48.71
95. 58
97.85
77.42
86.18
49.96
46.68
92.57
95.75
81.20
90.39
49. 62
45.62
93.66
97.10
83.02
94.54
51.43
47.39
92.57
96.22
84.85
98.18
52.16
49.10
93.02
96.93
83.84
97.41
52.68
49.88
91.25
94.87
84 25
96.46
53.93
51.59
93.61
96.96
83.64
95. 51
53.52
51.05
95.94
99.72
86.53
102. 18
51.24
48.24
83.64
82.50
82.09
83.62
56.88
81.17
83.41
86.27
87.54
84.85
85.26
88.29
87.57
89.86
92.01
90.31
76.88
92.01
88.20
94.74
94 50
87.78
80.07
91 88
86.31
74.88
93 00
89.46
77.62
93 87
r
r
90 73
87. 40
r Qg 28
r 91 46
r 86 27
r 95 50
94 98
87 89
94 75
93.98
79.83
96.52
97.21
96.20
93.02
79.57
93.84
92.97
94.32
90.85
79.92
95.74
94.13
96.26
90.85
78.59
94.32
94.30
94. 15
90.68
76.38
94.28
89.47
95.40
95.49
75.05
91.69
85.01
93.02
89.38
74.05
91 43
88.31
91 96
91.43
77. 17
94 06
91.48
94 42
93.67
78. 58
92 52
89.39
93. 10
96.41
81.99
96 12
94.07
96 52
r
r
29
99
94
36
95
92
84
98
99
97
40
73
28
25
99
78.26
67.69
77.33
83.43
78.14
71.60
77.93
85.49
78.32
72.04
78.31
86.94
77.78
72.65
76.78
85.28
79.49
70.74
77.00
84.87
78.63
69 63
76.82
84 25
79.37
70 98
76.82
84.66
79.18
70 20
77.19
84 05
79.98
71.71
78.54
84.66
80.54
72 83
79.52
85 28
r
82. 09 I r 81 22
r 72 00
70 92
79.52
79 34
85 49
86 94
80
72
79
88
65
76
71
20
74.34
74.74
74.93
74.74
75.89
75. 14
74.96
75.76
76.17
77.14
r
77. 55
77 55
57.96
41.76
62.09
75.75
57.09
40.83
61.53
74.70
57.18
40.48
60.80
74.70
56.50
40. 14
61.34
74.70
56.88
41.92
61.44
76.37
57.57
41.65
61.18
75 68
57.57
41 07
61.02
76 91
57.42
41 18
60.54
78 68
57.51
40.60
60.54
80 00
58.20
40 83
61.07
81 14
T
59 04
42 13
62 43
r gl 77
r gl 14
Instruments and related products
Miscellaneous mfg industries
Nondurable-goods industries
Food and kindred products 9 - Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
_- _ .
do
do
do
do
do
._ do
do
__
do
-do.
do
do.
do
do
do
Nonmanufacturing industries:
Mining:
Metal
.
do
Anthracite _
._ do .
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum
and natural-gas production
dollars
Nbnmetallic 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) 9
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_._
r
Revised.
v Preliminary.
9 Includes data for industries not shown.
76. 11
81 99
83. 44
r
r
r
71.90 r' 69. 66 * 73. 15
73.95
70. 35
73. 10
66 98 ^64.96 r 68.62
77. 75
' 77. 52 <• 77. 23
r
r
r g3 18
r 90 35
55
92
20
oi
r
r
^r 9 2
97
89
81
r
90
r
93. 03
82. 90
T 96 89
r
96. 41
r
96 89
r
T
r
r
?95 40
79.84
r 91. 62
76 38
r 77. 16
r
94. 35
88 97
83.64
92.62
66 50
p 94 02
p 78. 14
p 67 97
67 83
71. 45
83 42
73 42
57 31
70 35
85 49
p 68 57
p 71 97
50
55
54
50
43
07
26
44
p 49. 25
p 56 56
47.88
79 30
86 78
r 49. 82
r 79 92
86.83
p 49. 91
p 80. 72
90.95
r §3 22
T 87 94
'91.18
r
82 81
87 12
p 92. 43
v 84. 44
r
T 97 23 r 99
97.70
100. 27 T 100 28 r 102
87 36 r gg g3 T 86
101. 88 r 105 60 r 103
51.75 r 53 44 r 52
48.24 r 50 63 r 49
r
v 69. 11
p 79. 00
>• 83. 20 p 84. 02
' 86. 32 p 88. 20
' 76. 33 p 78. 44
99
75
40
72
32
r 65 51
p 73. 33
96
r 83
98
r 99
r gg
00
25
20
39
53
41
32
33
40
74
78 53
r
60 34
r 43 08
r
63 73
r
r
r
T 98 06 p 99 95
99 54
r 86 73 p 87 36
102 97
' 53 48 P 52. 59
50 92-
60
42
63
80
19
60
90
78
57.75
57.71
58.02
58.11
58.51
58.97
59.02
59.08
59.00
58 69
r
58 50
r
58 77
54 62
40.13
39.40
45.46
40.64
40.50
47.24
40.87
40. 50
47.72
41.16
40.40
46.77
41.38
40.70
47.01
41.26
40 40
46.41
40.96
40 20
45.22
40.45
40 60
47.04
40.35
40 70
47.24
40.79
41 62
49.61
r 40 47
r 40 go
r
48. 12
r
40 89
40 77
40 60
4S' 93
r 41 01
r
47' 04
SUEVEY OF CTJKKENT BUSINESS
October 1955
S-15
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
EMPLOYMENT AND POPULATION—Continued
WAGES- Continued
Average hourly gross earnings (U. S. Department of
Labor) :
AH 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 8tone, clay, and glass products _ . _ _ _ do-_
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
dollars _ _
Primary smelting and refining of nonferrous
metals
_ _ _ __ _ _ _ .-dollarsFabricated metal prod, (except ordnance, machinery, transportation equipment) --dollars-Machinery (except electrical) _ _ _ _ _ - doElectrical machinery
do
1.79
1 91
2.00
1.81
1 93
2.01
1 81
1 93
2 01
1.83
1 94
2.01
1.83
1 95
2.02
1.84
1 96
2.03
1.85
1 96
2.03
1 85
1 97
2 03
1.86
1 98
2.03
1 87
1 99
2 03
1 87
1 99
2 04
1.58
1.59
1.57
1.77
2.10
1.66
1.68
1.58
1.79
2.14
1.68
1.69
1 58
1 78
2 13
1.67
1.66
1.58
1.81
2.14
1.64
1.63
1.59
1.80
2.14
1.63
1.64
1.58
1.81
2.16
1.63
1.64
1.59
1.81
2.15
1.62
1.63
1 59
1.81
2 16
1.66
1.66
1.60
1.82
2.17
••1.67
1.67
1 59
1 84
2 18
1.72
1.72
1 61
r
1.85
r 2 20
1.72
' 1. 75
' 1.72
1.74
' 1 60 r 1 63
1 87
1 86
r 2 28
r 2 27
2.21
2.27
2.24
2.25
2.25
2.27
2.26
2.27
2.28
2.29
r
2. 32
'2.46
2.44
1.98
2.02
2 01
2.00
2.00
2.01
2.01
2 01
2.01
2 03
2 04
r 2 09
2 09
1.90
2.01
1 81
1.91
2.03
1.82
1.92
2 03
1 84
1.93
2.03
1.84
1.94
2.04
1.84
1.95
2.03
1.85
1.95
2.04
1.85
1.95
2.05
1 86
1.95
2.06
1.86
1.96
2 07
1 87
'1.96
2 08
1.99
2 08
'2.00
r
2 08
r 1 88
r 1 88
2
2
2
2
2
16
23
10
11
15
2.18
2.25
2 12
2.10
2.18
2. 19
2.26
2 12
2.12
2.20
2.20
2.25
2.14
2.10
2. 19
2.20
2.26
2 14
2.10
2 18
2 21
2 27
2 14
2.09
2 13
2.20
2.25
2 14
2.10
2 20
2
2
2
2
2
r
r
' 2 23
2 30
2 17
2 09
2 23
r
1 85
1 61
1.85
1.61
.86
.63
1.87
1.64
1.88
1.64
1 88
1.64
1.88
1.64
1 87
1 65
1 91
1 64
1.70
1 72
1 92
1 66
1 42
1 71
2 02
Transportation equipment 9
Automobiles
_ - _..
Aircraft and parts
Ship and boat building and repairs
Railroad equipment _ _
do
do_ _
do
_-do _.
do
2 13
2.20
2 09
2.08
2 13
2.16
2.24
2 10
2.08
2 12
Instruments and related products
Miscellaneous mfg. industries - -
do
--do- _
1 83
1.59
85
.61
do- .
do
_- do _
do
do.
do
do
1.65
1 64
1 86
1 62
1 38
1 67
1 94
.66
65
.89
63
.38
68
1 95
1
1
1
1
1
1
1
66
67
88
62
38
68
95
1.67
1 70
1.94
1 61
1.41
1 68
1 98
.67
.71
.91
62
1.45
1 69
1 98
1.68
1.72
1.91
1.63
1.45
1.69
1 97
1.68
1 73
1.90
1 65
1.47
1 70
1 98
1.68
1 73
1.92
1 65
1.48
1 69
1 99
1.69
1.74
1.90
1.65
1.53
1.69
2 01
1 70
1 74
1 92
1 66
1 48
1 70
2 02
1
1
1
1
Nondurable-goods industries _
Food and kindred products 9 - Meat products
Dairy products
_
Canning and preserving
Bakery products
Beverages
22
28
15
09
21
Tobacco manufactures
do
Textile-mill products?
do
Broad-woven fabric mills do Knitting mills
do
Apparel and other finished textile products
dollars ._
Paper and allied products- _
do_
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries. -do
Chemicals and allied products
do
Industrial organic chemicals
do
29
36
32
30
1 24
1 36
1.32
1 31
1 24
1 37
1 32
1 31
1 29
1 37
1.32
1 32
1 30
1.37
1.32
1 32
1 33
1.37
1.32
1.32
1 34
38
.33
33
1 37
1 37
1.32
1 32
1 39
1.37
1.33
1 32
1 41
1 38
1 33
1 32
1.35
1 76
1 86
2.27
1 93
2 06
1.36
1 77
1 88
2.29
1 93
2 08
1.34
1 78
1 88
2.29
1 91
2 06
1.34
1.78
1 87
2.30
1 93
2 07
1.35
1.78
1 88
2.31
1 93
2 06
1.35
1.79
1.88
2.31
1 94
2 07
.35
.79
88
2.33
1 95
2 08
1.34
1.80
1 89
2.34
1 94
2 09
1.32
1.81
1 91
2.33
1 97
2 13
1.32
1 81
1 90
2.35
1 Q8
2 11
Products of petroleum and coal
Petroleum refining
_ __ _ _
Rubber products
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
2 27
2 36
1 94
2 29
1.37
1 32
2 32
2 41
1.97
2 25
1.38
1 33
2 28
2 37
2 01
2 30
1.39
1 33
2 29
2 38
2.02
2 34
1.39
1 32
2 28
2.37
2.03
2 36
1.38
1 32
2.28
2.37
2.03
2 37
1.39
1.33
2 27
2 36
2.04
2 37
1.39
1 34
2 30
2 40
2.04
2 37
1.39
1 34
2 34
2.45
2.07
2 41
1.40
1 34
2 36
2 47
2 08
2 42
1.41
1 34
2 05
2 50
2 48
2 08
2 41
2 49
2 08
2 53
2 48
2 09
2.53
2 48
2 10
2.56
2 48
2 11
2.41
2 48
2 10
2 61
2 50
2 11
2.51
2 49
2 10
2.60
2 50
2 12
2 52
2 51
2 27
1.77
2 54
2 32
2 60
2 28
1.78
2 55
2 33
2.62
2
1
2
2
2
26
78
56
33
63
2 26
1.77
2 57
2 34
2.63
2 25
1.76
2 59
2.65
2 29
1.77
2 59
2 31
2 65
2 24
1.78
2 59
2 33
2 65
2 28
1.77
2 57
2 31
2 63
2 33
1.79
2.57
2 34
2.63
2 34
1.81
2 57
2 34
2 63
1 82
1 74
1 85
2 02
1
1
1
2
1 83
1 81
1 86
2 07
1 83
1 83
1 85
2 06
1 84
1 80
1 86
2 05
1 85
1 79
1 86
2 06
1
1
1
2
1 85
1 80
1 86
2 06
1
1
1
2
1
1
1
2
do
do
do._ .
do
do
do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
__doBituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas prod
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 _
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 wrages common labor
do
83
79
86
05
OO
85
82
86
07
86
82
87
07
86
83
88
08
r I
2
2
2
2
87
19
23
15
09
r 2 22
1 41
1 38
1.33
1 32
r
r
1.33
1 83
1 93
2.35
2 00
2 13
r
r
2 32
1.83
2 57
2 34
2 64
1 85
1 86
1 86
1 86
1 88
1 89
1 90
1 46
1 16
1 61
1.69
1 44
1 13
1 60
1.72
1
1
1
1
1
1
1
1
48
17
61
74
1 48
1 17
1 61
1 78
1
1
1
1
1
1
1
1
96
1 00
1.19
97
1 01
1.19
98
1 00
1 19
98
1 01
1.19
99
1 01
1 19
98
1 01
1 19
98
1 01
1 19
97
1 01
1 20
97
1 01
1 19
99
1 02
1 21
2.009
3.148
2.016
3.169
2.019
3.180
2.022
3.184
2.022
3.186
2.022
3.188
2.019
3.188
2.021
3.190
2.025
3.190
2.050
3.207
2.059
3.227
1.919
1.937
75
1.944
1 58
1.942
1.928
88
1.949
1 64
1 977
1 925
85
1.946
1 74
1 942
1.941
50
18
62
84
r
1
1
1
1
51
19
63
85
r
Q9
1 01
1 20
p 1 63
p 1 89
v 2 31
P2.01
p 2 10
p 1 89
1 91
1 65
p 1 92
p 1.67
1 70
1 73
2 01
1 68
1 44
1 72
2 06
p 1.71
p 1 73
1 41
1 37
1 32
r \ 28
p 1 21
p 1.40
r 1 3Q
1 37
1 33
1 31
1.33
1 84
1 95
2.35
'1.35
r
1 85
1 96
2.35
r 2 02
r 2 15
r 2 01
P2.37
P 2.02
r 2 38
p 2.42
r
1 90
1 65
1.71
1 72
1.93
r
r \ ($
1 38
1 71
9 07
2
2
2
2
2
2 13
r
2 47
2 10
2 44
1.40
1 34
2 22
2 43
2 50
2 24
2 57
2 52
2 36
1 85
2 59
2 36
2 66
2
1
2
2
2
1 88
1 80
1 88
2 10
1 88
1 81
1 88
2 U
1 92
1 91
1 52
1 20
1 63
1 84
1 52
1 19
1 63
1 84
99
1 01
20
98
1 01
1 19
2.073
3. 247
2.087
3.264
r
r
r
r i 91
1 85
1 47
1 16
1 60
1 69
pl.75
p2 26
1 87
1 80
1 88
2 08
1 46
1 16
1 59
1.69
v 1 90
2 03
P 2 05
f
24
29
17
15
27
r
r 2 52
1 85
49
17
61
81
r 2 04
2 41
2 47
2 51
2 10
' 2 09
2 45
2 42
'1.41
'1.39
' 1 35 r 1 33
r
2 15
' 2 49
1 88
r 2 05
r 2 36
1 84
48
18
61
72
r
r 2 01
r
r
1 46
1 16
1 58
1.71
' Revised.
v Preliminary.
° As of Oct. 1.
9 Includes data for industries not shown.
§ Rates as of Oct. 1, 1955: Common labor, $2.093; skilled labor, $3.286.
0
r
1 89
r 2 02
r
r I
88
1 72
pl.36
p 1.86
p 2, 09
*>1.41
31
85
60
38
67
2.087
3.271
<*. 77
SURVEY OF CUEEENT BUSINESS
S-16
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
DecemSeptemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
October 1955
1955
January
February
March
April
May
June
July
August
September
FINANCE
BANKING
Acceptances and commercial paper outstanding :
Bankers' acceptances
mil of dol
Commercial paper
_ _
_
- do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil. of dol
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
_
- do Loans to cooperatives
do
Other loans and discounts
. doBank debits, total (345 centers)
New York City
6 other centers cf
- -
do __
do
__do--
_
Federal Reserve banks, condition, end of month:
Assets, total 9
mil. of dol
Reserve bank credit outstanding, total 9
do
Discounts and advances
do
United States Government securities _ _ _ _ d o _ _
Gold certificate reserves
do
Liabilities, total 9
Deposits, total 9
Member-bank reserve balances
Excess reserves (estimated)..
_
Federal Reserve notes in circulation
_ do
-do
do
do _
do
Reserve ratio
percent--
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted .
_ mil. of dol _
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of doL _
States and political subdivisions __
_ do
United States Government
__do_ _
Time except interbank total 9
do
Individuals, partnerships, and corporations
mil. of dol_States and political subdivisions
do _
Interbank (demand a n d 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 (adjusted) , total O _ _ _ _
- 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
Other loans
do
Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York City
7 other northern and eastern cities
11 southern and western cities
563
794
687
762
768
769
873
733
869
713
831
703
2,305
1,293
1,281
2,381
1,275
1,261
807
681
767
623
686
572
2 434
1,347
1,336
655
572
650
593
655
680
2 605
1,408
1 408
2,651
1,421
1,421
2 670
1,436
1 436
0
336
894
325
814
14
339
767
369
703
377
658
13
364
648
151, 504
58, 316
31, 526
149, 898
56 744
30, 922
152, 322
58, 792
30, 706
156, 843
58 787
32, 230
186,317
73 817
38, 217
49, 174
24, 696
200
24, 023
21,117
49, 778
25, 183
132
24, 271
21, 129
50, 035
25, 401
297
24, 381
21,079
50, 863
25, 944
398
24, 888
21,030
50, 872
25, 885
143
24, 932
21, 033
49, 626
24, 960
475
23, 885
21, 038
49, 442
24. 769
485
23, 605
21, 032
49 434
24, 667
391
23, 613
21 027
49 913
24,988
560
23, 61 2
20 985
49, 306
24, 780
460
23, 662
20, 988
49, 666
24, 601
128
23, 607
20, 994
50, 488
25, 719
754
24,091
20. 994
49 880
24, 911
470
23,760
20,993
50, 243
25, 250
603
23, 834
20,994
49, 174
19, 805
18, 316
49, 778
20, 264
18 676
50, 035
20, 373
18, 722
50, 863
20, 457
18 985
50, 872
20,371
18, 876
49, 626
20, 138
18, 918
49, 442
19, 879
18 562
49, 434
19, 806
18 283
49 913
20, 158
18 495
49, 306
19, 685
18 221
49, 666
19, 268
18, 066
50,488
20, 451
18, 999
49, 880
19, 532
18,368
25, 566
25, 601
25, 706
26, 081
26, 253
25, 640
25, 609
25, 528
25 496
25, 656
25, 868
25, 945
26, 004
50, 243
19, 741
18, 423
P226
26, 142
46.5
46.4
45.7
45.2
45.1
46.0
46.2
46.4
46.0
46.3
46.5
45.3
46.1
45.8
54, 066
55, 043
55, 472
56, 414
58, 445
57, 639
56, 270
55, 590
56,969
56, Oil
56, 156
55, 865
55,931
56,306
54, 746
3,939
3,247
55, 884
3,756
2,605
57, 256
3,865
3,793
57, 876
3,956
4,223
60, 117
3,939
2,597
58, 317
4,232
2,320
57, 762
3,960
2,633
56, 474
4,062
2,534
57, 921
4,216
3,105
57, 624
4,361
3,148
57, 376
4,258
3,224
56, 984
3,963
3,374
57, 523
3,990
3,256
58, 316
3,772
2,635
19, 887
19 915
20, 122
19, 941
20 169
20, 198
20 280
20 329
20 319
20 363
20,449
20 333
20, 385
20,417
18, 433
1,257
13, 772
18, 520
1,195
13, 791
18. 699
1,220
14, 301
18, 555
1,183
14, 113
18, 806
1 154
14, 273
18, 864
1,126
13, 651
18, 930
1,145
13, 402
18, 990
1,132
13, 085
18, 969
1,142
12 988
19, 037
1 113
12, 974
19, 173
1,059
13, 058
19, 104
1,018
13, 339
19, 146
1,032
12, 977
19, 222
993
13, 077
744
952
471
518
258
368
662
r
163, 393
62, 642
33, 531
355
696
12
339
747
325
792
318
835
0
319
878
r
!49 744 ••178 924 "•1158 296 rU67 717 '1177,917
57 091
67 634
62 211
67 242
57 634
37, 569
31, 595
34 494
39 908
36 570
581
471
412
334
192
-73
0
341
893
rl
!61,748 1 167, 358
58, 904
58 980
34, 123
35,863
688
217
44, 237
44 194
46 088
45 669
45 526
44 783
43 590
41 932
42 960
41 724
40 798
40 765
39, 716
39, 044
35 696
2 868
2,504
23 654
6,670
8 498
37 358
2 500
2,369
23, 801
8,688
8 730
37 106
2 378
2,240
23 936
8,552
8,563
36 902
2 543
2,768
23 391
8,200
8 624
35 799
2,065
2,551
23, 102
8,081
8,984
34 599
1 816
1,633
22 076
9,074
8 991
32 885
1,286
1,117
21,806
8,676
9,047
33 983
1 750
1,911
21 682
8,640
8 977
33 026
1 081
1,149
21 490
9,306
8 698
32 076
1,019
31 975
1,160
30, 948
30, 347
21,313
9,001
8,722
21, 077
8,806
8,790
20,965
8,373
8,768
20,787
8,070
8,697
37, 967
20,798
2,228
38, 495
21,015
2,403
38, 844
21,104
2,466
40, 114
22, 214
2,367
41, 008
22, 486
2,688
40, 483
21, 926
2,582
40, 751
22, 241
2,374
41, 448
22, 597
2,483
41,818
22, 545
2,660
42, 440
22,636
2,742
43, 674
23, 501
2,678
44, 113
23, 550
2,775
44,696
24, 171
2,467
45, 459
24, 670
2,406
904
6,831
7,866
941
6,902
7 893
991
6,997
7 949
1,037
7,083
8 075
1,113
7,176
8 205
1,056
7,279
8 346
1,080
7,359
8,408
1,113
7,474
8,488
1,108
7,570
8,652
1,155
7,719
8,910
1,190
7,873
9,153
1,190
7,993
9,340
1,184
8,120
9,492
1,194
8,257
9,669
3
3
3
3
56
29
57
95
3
3
3
3
932
985
625
1 50
2 00
4 17
1 50
2 00
4 17
1.50
1 96
4 17
1 50
1 90
4 17
1.50
1 79
4 17
1.50
1 79
4 17
1.50
1.79
4 17
1.75
1 83
4 17
1.75
1 92
4 17
1.75
2.08
4 17
1.75
2.42
4 17
2.00
2 42
4 17
do
- - do _
-do
1.25
1.33
3.00
1.25
1.31
3.00
1.25
1.31
3 00
1.25
1.31
3.00
1.25
1.31
3.00
1.33
1.47
3.00
1.38
1.68
3.00
1.38
1.69
3.00
1.43
1.90
3.00
1.50
2.00
3.00
1.50
2.00
3.00
1..50
2.11
3.01
1.67
2.33
3.34
2.08
2.54
3.40
- - do
do
.892
1.74
1.007
1.80
.987
1.85
.948
1.90
1.174
1.94
1.257
2.11
1.177
2.18
1.335
2.30
1.620
2.39
1.491
2.40
1.432
2.42
1.622
2.54
1.876
2.73
2.086
2.72
14, 993
2 209
15,112
2 189
15, 150
2 172
15, 252
2,154
15, 475
2 137
15, 558
2 116
15, 604
2,095
15, 770
2,075
15,764
2,052
15, 830
p 2, 029
15, 985
» 2,008
16, 022
J»l, 984
16, 073
P 1 901
16,190
CONSUMER CREDIT
(Short- and Intermediate- term)
Installment credit, total
Automobile paper
Other consumer-goods paper
Repair and modernization loans
Personal loans
r
28,736
28, 856
28, 975
29,209
30, 125
29, 760
29, 518
29, 948
30, 655
31,568
32, 471
32, 896
33,636
do
21,901
21, 935
21, 952
22, 014
22, 467
22, 436
22, 508
22, 974
23, 513
24,149
24,914
25, 476
26, 155
do
do
do
do
10, 349
5 294
1,642
4,616
10, 365
5 287
1,642
4,641
10, 340
5,324
1,637
4,651
10, 296
5,398
1,631
4,689
10, 396
5 668
1,616
4,787
10, 459
5,609
1,574
4,794
10,641
5, 484
1,550
4,833
11, 053
5,479
1,530
4,912
11, 482
5,492
1,534
5,005
11, 985
5,655
1,546
5,063
12, 561
5,639
1,562
5,152
13, 038
5 676
1,570
5,192
13,547
5 762
1 589
5,257
mil. of dol
l
Revised.
* Preliminary.
Data are for 344 centers.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
O Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross.
§ For bond yields, see p. S-20.
994
496
3 56
3.30
3.55
3 95
3 54
3.29
3 55
3 87
55
30
55
90
743
1.50
2 00
4 17
do do
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol_
U S postal savings
do
Total outstanding, end of month
169, 000
62 550
35, 126
35 862
3,135
2,559
23, 515
6,653
8,375
percent
do
do
do
Discount rate (N Y F R Bank)
Federal intermediate credit bank loans
Federal land bank loans
Open market rates, New York City:
Acceptances, prime, bankers' 90 days
Commercial paper, prime, 4-6 months
Call loans renewal (N Y S E )
Yield on U. S. Govt. securities:
3-month bills
3-5 year taxable issues
609
803
SURVEY OF CURRENT BUSINESS
October 1955
S-17
1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
FINANCE—Continued
CONSUMER CREDIT— Continued
(Short- and Intermediate-term)
Total outstanding, end of month— Continued
Installment credit— Continued
By type of holder:
Financial institutions, total
mil of dol
Commercial banks
do
Sales-finance companies
do
Credit unions
do
Other
do
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
Noninstallment credit total
Single-payment loans
Charge accounts . _
Service credit
By type of holder:
Financial institutions
Retail outlets
_. -_ . -Service credit
-
18 731
8 731
6 256
1 250
2 494
18 753
8 688
6 294
1 267
2*504
18 726
8 637
6 315
1 270
2 504
18 719
8 586
6 325
1 282
2 526
18 935
8 633
6 421
1 293
2 588
18 977
8 651
6 462
1 282
2 582
19 153
8 688
6 570
1 298
2 597
19 613
8 844
6 808
1 330
2 631
20 127
9 020
7 077
1 360
2 670
20 718
9 228
7 390
1 395
2 705
21, 432
9 495
7 747
1 434
2 756
21, 980
9,656
8,087
1 458
2,779
22, 605
9,871
8,422
1,495
2,817
do
do
do
do
do
3 170
1 032
'821
389
928
3 182
1 041
822
390
929
3 226
1 063
830
390
943
3 295
1 098
846
390
961
3 532
1 201
890
394
1 047
3 459
1 158
862
397
1 042
3 355
1 108
848
404
995
3 361
1 123
838
420
980
3 386
1 138
834
437
977
3 431
1 150
842
457
982
3,482
1 160
851
481
990
3,496
1 155
856
501
984
3,550
1, 167
871
523
989
do
6 835
6 921
7 023
7 195
7 658
7 324
7 010
6 974
7 142
7 419
7 557
7 420
7,481
do
-do
do
2,312
2,734
1 789
2 335
2,807
1 779
2 377
2,892
1 754
2 407
3,042
1 746
2 420
3,518
1 720
2 371
3,225
1 728
2 427
2,831
1 752
2,481
2,735
1 758
2,496
2, 859
1,787
2,589
3,011
1,819
2,686
3,040
1,831
2,595
2,991
1,834
2,629
3,019
1,833
_
2 312
2,734
1 789
2 335
2,807
1 779
2,377
2,892
1 754
2,407
3,042
1 746
2,420
3,518
1 720
2 371
3- 225
1 728
2 427
2,831
1 752
2 481
2,735
1 758
2,496
2, 859
1 787
2,589
3,011
1 819
2,686
3,040
1 831
2,595
2,991
1,834
2,629
3,019
1 833
do
do
do
-do ...
2 477
1,114
607
756
2 441
1,062
629
750
2 454
1 031
687
736
2 554
1,040
716
798
3 046
1,184
936
926
2 389
1 060
616
713
2 416
1 167
529
720
3 159
1 569
708
882
3 089
1,512
703
874
3 206
1,616
741
849
3 443
1,766
766
911
3,131
1, 594
711
826
3 436
1,745
793
898
__do
do
do _
do ...
2,425
1 063
641
721
2,407
1 046
636
725
2 437
1 056
650
731
2,492
1 084
642
766
2,593
1 084
666
843
2,420
997
675
748
2 344
985
654
705
2 693
1 157
713
823
2 550
1 083
690
777
2,570
1 113
678
779
2,678
1 190
682
806
2,569
1 117
674
778
2, 757
1 236
707
814
do
do __
do do
2 409
1 035
613
761
2 474
1 077
609
788
2 461
1 068
633
760
2 612
1*109
677
826
2 762
1 298
679
785
2 823
1 233
788
802
2 898
1 382
660
856
3 035
1 472
741
822
3 017
1 404
736
877
3 091
1 517
736
838
3 165
1 580
754
831
3 122
1,510
791
821
3 200
1 559
770
871
2,480
1 067
678
735
2,404
1 014
634
756
2 424
1 039
652
733
2 500
1 098
631
771
2 488
1 083
643
762
2 496
1 020
684
792
2 521
1 071
680
770
2 562
1 096
683
783
2 552
1 093
672
787
2 634
1 139
*687
808
2,612
1 165
678
769
2,602
1 132
697
773
2 714
1 195
720
799
4,801
3 911
48
3r 806
828
119
5, 280
4 951
48
4 277
838
117
2 887
2 639
47
1 850
850
140
4 905
4 201
52
3 791
839
224
4 217
3 742
47
3 204
801
165
4 833
4 655
48
3 638
716
430
5 954
5 427
47
4 857
774
276
11 089
9 741
60
9 906
995
127
4 941
3 732
51
3 976
795
119
6 119 p l l 193
4 438 P 10 038
v 57
56
4 849 P 9 920
p 972
939
v 243
276
3,089
2 765
54
1 924
877
234
5 348
4 734
55
4 459
945
390
6 731
332
T
330
3 370
f 2 699
5 019
541
321
3 261
4 857
346
349
3 300
863
3 842
368
373
3 316
—215
6 288
I 200
401
3 739
947
4 942
222
379
3 176
1 166
4 831
396
365
3 048
1 092
5 894
478
386
3 759
1 271
5 228
355
383
3 382
1 108
5 356 P 6 677
' 443 v i i 495
381
P398
3 346 p 3 939
P 845
1 187
- - do
do_
do
Installment credit extended and repaid:
Unadjusted:
Extended total
- Automobile paper
Other consumer-goods paper
All other
Repaid, total
._ __
Automobile paper
Other consumer-goods paper
_
All other
Adjusted:
Extended total
Automobile paper
Other consumer-goods paper
All other
-Repaid total
- Automobile paper
Other consumer-goods paper
Allother
do
do
_ _ _ do
do
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
-Receipts net
Customs
Income and employment taxes
Miscellaneous internal revenue All other receipts
Expenditures total
Interest on public debt
Veterans' services and benefits
National security
All other expenditures
mil. of dol- _
do
do
do
__do
do
-
do
do
do
do
do
Public debt and guaranteed obligations:
274, 955
Gross debt (direct) end of month, total
do
Interest bearing total
do
272 693
Public issues
- _ _ _ . do_ _ _ 230 214
42, 479
Special issues
-do
Noninterest bearing
- _ _ _
do _
2 262
Obligations guaranteed by U. S. Government, end
of month
mil. of doL27
U. S. Savings bonds:
Amount outstanding end of month
do
58 200
Sales, series E through K _
do
546
Redemptions
- do
562
gQ7
274, 810
272 440
230 033
42, 407
2 370
278
276
234
42
2
752
400
161
238
352
278
276
234
42
2
853
511
160
351
342
278 750
275 731
233 165
42 566
3 019
278
275
233
42
2
439
696
427
268
743
9
78
275
233
42
2
182
565
517
047
617
274
271
229
42
2
048
200
103
097
847
472
804
563
240
668
274 374
271 741
228' 491
43 250
2 633
277
274
231
43
2
584
Qf)5
615
340
629
34
34
34
24
27
33
37
43
44
42
58 242
456
507
58 299
466
510
58 358
557
633
58 456
742
772
58 605
602
543
58 701
614
605
58 639
535
682
58 641
488
581
58 643
496
619
58 672
494
589
41, 403
19, 348
6,929
2 907
8,001
1,739
41 996
19, 782
7,466
3 013
7,968
1 593
Commodities, supplies, and materials
do
U. S. Government securities... _
_ do. ..
Other securities and investments. .
. _^do
Land, structures, and equipment..- do_
All other assets. ..
. _ _. do
3, 709
2,988
3,433
8,061
3,649
3, 852
2,967
3,432
8,046
3,758
3, 612
3,187
3 429
7,982
4 004
Liabilities, except interagency, total
___do_. Bonds, notes, and debentures
_ . _ _ _ do
Other liabilities
do
Privately owned interest.. - _
do
U. S. Government interest
.
._ do. ._
3,458
1,100
2, 358
498
36, 488
5, 285
1 101
4,183
508
35, 610
277
274
232
42
2
29
40, 443
18, 603
6, 527
2,818
7, 968
1,567
J» Preliminary.
649
924
233
691
725
58 207
464
544
Government corporations and credit agencies:
Assets, except interagency, total
_ . mil. of dol Loans receivable, total (less reserves)
do.- _
To aid agriculture _
_ - _ _ _ . _ _ do _
To aid homeowners
. .
_ . . _do _ _
Foreign loans. ._ _
_ _ ._ _
_ __-do
All other
do
' Revised.
276
273
232
41
2
5 382
6 225
592
522
T
364
434
2 863 v 3 420
r i 5(54 p 1 850
5 605
1 592
4 013
543
35, 848
i Effective with the fiscal year ended June 30,1955, changed from a due and payable basis to an accrual basis.
278
275
231
44
2
309
711
472
238
598
43
58 703
' 487
543
277
274
230
43
2
476
879
988
891
fi97
48
58 532
462
722
SURVEY OF CURRENT BUSINESS
S-18
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
SeptemDecemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
October 1055
1955
January
February
March
April
May
June
July
August
Septem
ber
FINANCE—Continued
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U. S. life insurance companies
mil. of dol. .
Bonds (book value), domestic and foreign, total
mil. of doL_
U. S. Government
do
State, county, municipal (U. S.)
do
Public utility (U.S.)
do.__.
Railroad (U. S.)
do
Industrial and miscellaneous (U. S.)
do
Stocks (book value), domestic and foreign, total
mil. of doLPreferred (U. S.)
do
Common (U. S )
do
Mortgage loans, total
do
Nonfarm__
_
do
Real estate
do
Policy loans and premium notes
do
Cash
do
Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value, estimated total
mil. of dol
Group and wholesale
do _ _
Industrial
_
do
Ordinary, total
do
N e w England
_ _ _ _ _
do
Middle Atlantic. _
do _ ,
East North Central
do
West North Central
do _
South Atlantic
do
East South Central
do
West South Central
do
Mountain _ _
_ . _ _
.do
Pacific
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries, 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.) , total1!
-do. .
Accident and health
do
Annuities
_
do
Group. _
do - _ Industrial
do
Ordinary..
_
do
81, 921
82, 364
82, 852
83,358
84, 068
84, 912
85, 324
85, 627
86, 061
86, 515
86, 967
87, 636
88, 077
45, 691
9,171
1,754
12, 904
3,649
15, 552
45, 811
9,086
1,777
13, 019
3,641
15, 661
45, 992
9,024
1,806
13, 076
3,696
15, 813
46, 032
8,936
1,871
13, 047
3,697
15 894
46, 184
9,021
1,833
13, 065
3,682
16, 002
46, 653
9,233
1,940
13, 140
3,705
16, 063
46, 690
9,242
1,977
13, 154
3,719
16, 092
46, 764
9,091
1,964
13, 191
3,716
16, 293
46, 900
9, 105
1,965
13, 205
3,724
16, 395
47, 005
9,058
1,956
13, 203
3,774
16, 519
47, 087
9,046
1,957
13, 236
3, 771
16, 594
47, 350
9,096
1,979
13, 309
3,771
16, 732
47,414
9, 179
1,979
13.319
3, 776
16, 704
2,600
1,670
926
24, 795
22, 786
2 176
3, 036
1 098
2 525
2,611
1,668
2,601
1,667
2,641
1 673
25, 035
23, 019
2 205
3,049
1 076
2,577
25, 260
23, 235
2 241
3,061
1 094
2,603
25 574
23, 540
2 260
3,075
1 141
2 635
2,710
1,693
1,012
25, 928
23, 882
2,275
3,087
1,200
2,684
2,756
1, 715
1,036
26, 223
24, 171
2,310
3, 127
1, 140
2,703
2,763
1,714
1,044
26, 474
24, 405
2,344
3, 144
1, 111
2,798
2,773
1,707
1,059
26, 727
24, 629
2,367
3 159
1,029
2,808
2,791
1,711
1,073
26, 949
24, 824
2,381
3, 177
1,027
2,836
2, 787
1,696
1,084
27, 217
25, 067
2,407
3, 190
1,067
2,842
2,829
1,709
1,112
27, 483
25, 310
2,420
3,207
1,064
2,877
2,869
1,724
1,137
27, 748
25, 551
2,453
3, 230
1,094
2,892
2,875
1,728
1,139
28, 001
25, 787
2,471
3,245
1,169
2,912
2 943
391
547
2 005
125
432
428
177
242
86
188
76
251
2,957
487
535
1 935
112
409
418
174
233
85
188
76
240
3 071
10 270
7,489
4,084
1, 154
491
2,439
150
536
522
215
286
103
233
98
297
3 079
386
516
2,177
156
519
462
178
235
87
212
81
248
3,333
620
544
2,169
149
514
466
177
245
91
200
82
247
3 799
462
590
2,747
186
633
579
223
308
114
272
106
325
5,617
2.602
540
2,475
160
571
518
198
293
107
237
95
295
3,612
452
607
2,553
172
590
533
203
307
109
238
100
301
3,995
711
570
2,714
183
634
561
227
321
111
255
101
320
3, 561
647
528
2,386
153
540
509
204
286
101
222
91
282
3,645
568
540
2, 537
152
534
548
212
316
110
248
99
318
939
929
400
598
963
563
2 073
2 218
126
449
443
175
257
87
187
83
265
146
505
483
181
275
96
191
78
263
380, 859 394, 119 371,915
168, 048 168 679 151,957
39, 247 39, 154
44, 863
8 662
8,809
8 648
34, 907 35, 608 35, 818
69 738 67 885 66 690
60, 271 74, 131 63, 778
399, 965
169 921
49 254
8 947
38, 626
72 863
60, 354
525, 998 4 77, 058 424, 607 498, 084 419,386 439, 941 444, 925
207, 594 182,799 176, 943 201,474 180, 933 187, 324 183, 192
54, 241 58, 328 51, 320 58, 805 45,512 50,619 50, 254
9, 171
9,236
9,064
10, 588
8,869
9, 216
9,795
47, 722 38, 307 39, 210 33, 921 36, 427 38. 655
40, 551
74, 776 73, 883 86, 702 73, 970 76, 500 75, 608
71, 445
142, 372 102,845 75, 285 102, 677 75, 986 79, 900 87, 980
628, 936
87 548
72, 355
55, 141
78, 386
335, 506
659, 684
86 727
79, 638
58, 039
76, 298
358, 982
620, 866
85, 987
71,771
52, 530
66, 241
344,337
693, 603
90 642
83, 558
75, 584
80, 033
363, 786
907, 544
102 185
175 582
70 301
128,007
431 469
21,810
-34.6
1,065
2 128
70, 200
44 900
13, 100
5,100
21, 759
-34.6
21,710
-36.7
1,203
2,712
72, 000
45 500
13, 500
5,600
21,713
1.8
2, 363
3.024
71, 300
45, 500
262
196
8,366
2,174,366
2*6, 266
298 036
232' 210
251,671
1 106 183
398, 481 442, 123
167, 650 199, 661
44, 147 48, 500
8,659
9.062
35. 454 36, 983
66, 159
76,312
76, 412 71, 605
2,062,795
294, 083
237 760
201 277
218, 293
1,111,382
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S. (end of mo.)
mil. of doL. 21, 809
— 65. 4
Net release from earmark §
do
1,274
Exports. . . _ _
. _thous. of doL
2,978
Imports
do
71,
400
Production, reported monthly total 9
- do. _ _
Africa
do
45 200
Canada
do
12 900
United States
_ _ _ _
_.do 5, 800
Silver:
460
Exports
do
9 351
Imports
do
Price at New York
dol. per fine oz..
.853
Production:
Canada
thous. of fine oz^_
2,787
2,853
Mexico
_
_
_ - do
United States
do
2 779
Money supply (end of month) :
Currency in circulation
mil of dol
29 929
Deposits and currency, total
do
210, 500
3,400
Foreign banks deposits, net
do
6,900
U. S. Government balances
- _
do
Deposits (adjusted) and currency, total
do
200, 300
99, 400
Demand deposits, adjusted _
-do
Time deposits
do
74 000
26, 900
Currency outside banks
_ _
do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
40.0
New York City
ratio of debits to deposits. 24.8
6 other centerscfj
- - do. _
18.5
338 other reporting centers!
do
21, 671
-41.8
182
2,658
21, 674
-1.0
314
4,854
47 200
13 000
5 400
46, 700
12 900
5 000
47, 600
13 400
5 300
13, 000
5 600
4 100
290
6,351
.853
1 695
5,840
.873
138
5,223
.871
236
3,999
.889
290
7,423
.897
210
6, 549
.905
1 938
6*726
2 753
2 370
4 660
3 560
2 251
3,922
3 068
2,214
3,415
3,075
2,447
3,035
3,089
2,377
21,716
5 800
.853
1,144
9 036
.853
233
5, 795
.853
640
4,321
.853
2, 759
3,236
2,840
2,427
5,453
3,117
2,793
1,982
3,366
2 347
3' 029
3 169
2 161
4 908
3 416
29 985
211, 800
3,300
6,000
30 074
215, 400
3,200
7,500
30 500
217, 200
3,200
8,200
30, 244 30, 317 " 30, 421
30, 229
30, 509 29, 789 29, 817 29, 800 29, 769 30, 009
218 882 P217 500 7>216 000 "214 500 P216, 900 P216, 700 "217, 100 p218, 800 "218, 200
"3, 100
3 329 p 3 200 P 3 100 p3 200 "3 100 " 3, 200 " 3, 300 "3, 300
"6, 400
5,869 * 5 000 " 6 000 * 6, 100 * 6, 400 * 6, 700 " 6, 300 "7, 300
202, 500
101, 200
74, 400
26, 900
204, 700
103, 100
74, 800
26, 900
205, 800
104, 000
74, 300
27, 500
209 684 "209- 200 "206 900 "205 300 "207 400
106, 550 "107, 000 "104, 500 "102, 400 "104, 500
75, 282 "75 400 "75, 700 "76, 200 "76, 200
27 852 "26 800 "26 800 "26, 700 "26, 700
40.4
25.3
19.4
39.3
23.6
18.6
42.2
26.3
20.7
7 727
.853
71, 300
45, 400
13, 300
5, 600
13 500
48.1
28.1
21.0
42.0
25.4
19.6
0
689
3, 905
67, 900
43, 800
12 300
4 800
41.9
26.4
19.6
41.7
30.2
20.0
37.3
27.1
119.2
21, 678
Q
694
4,511
596
261
6,580
.908
"207, 400
"103, 400
"77, 000
"27, 100
"208, 100 p208 600
"103, 900 "103, 900
"77, 100 *>77, 500
"27, 100 "27, 300
42.7
28.4
120.6
44.7
-28.3
120.8
38.2
'40.7
'26.6
"25.8
i ' 20. 4i P19. 9
3,057
223
37
3 335
201
87
3,878
255
79
57
127
64
130
82
154
.908
2,005
"206, 700
"103, 400
"76, 500
"26, 800
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):
2 658
Net profit after taxes all industries
mil of dol
252
Food and kindred products
do
29
Textile mill products
do Lumber and wood products (except furniture)
43
mil of dol
116
Parcer and allied Droducts
...
do r
Revised.
"Preliminary.
* Data for 337 centers.
1 Effective with 1955, data are quarterly totals.
§ Or increase in earmarked gold (—).
9 Includes data not shown separately.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
^Revisions beginning with 1943 appear on p. 24 of the October 1955 SURVEY.
21, 682 21, 682 " 21, 683
—. 1
-2.9
183
859.
2,476
3,794
21,719
-27.7
674
3,388
21,714
-9.7
788
3,016
70, 400
45, 800
12 800
5 000
781
2,377
1
43.5
"27.5
* 21. 1
SURVEY OF CURRENT BUSINESS
October 1055
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-19
1954
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
July
June
August
September
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations — Continued
Net profit after taxes— Continued
Chemicals and allied products
mil. of dol
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 transport, equip.) mil of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles,
etc.)
mi] 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
Eailways and telephone cos. (see pp. S-23 and S-24).
287
505
147
106
146
327
662
116
134
230
364
575
111
159
262
413
'566
1P2
189
345
113
196
146
81
175
203
111
224
167
132
298
173
97
191
286
105
275
305
102
501
278
115
578
316
1 338
2,002
1,422
1,436
264
288
341
P296
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 9
Domestic, total
Corporate
Federal agencies
Municipal State etc
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate, total 9
Manufacturing
Mining
Public utility
Railroad
_ __ - - _ _. _
Communication
Real estate and
financial
_ _ _
Noncorporate, total 9
U. S. Government
State and municipal
New corporate security issues:
Estimated net proceeds, total
_-.
Proposed uses of proceeds:
New monev, total
Plant and equipment
__
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer):
Long-term
thous.
Short-term
l'311
611
64
636
1 051
687
667
223
0
444
20
2 043
1 569
1 522
654
0
868
47
1 446
1 114
1 015
431
52
533
98
864
729
726
382
32
313
3
2 003
1 663
1 632
1 067
49
517
31
1 706
1 311
o
1 825
1 424
l'405
795
13
597
18
do
do
do
do
do
178
178
76
85
17
395
395
285
96
14
401
401
179
216
7
364
364
267
91
6
475
450
368
63
19
332
332
134
192
6
135
135
45
80
11
340
340
137
194
9
do
1,279
2,125
6,544
1,350
2,552
2,706
1,431
2,583
1,654
4,399
1,947
>• 2. 423
1,620
do
do
do
do
1,207
352
27
45
2,003
886
62
CO
6,227
813
265
52
1,250
321
64
37
2,387
854
103
62
2,518
484
135
53
1,294
364
113
25
2,033
871
512
37
1, 453
475
146
54
4,095
694
209
95
1,684
533
206
57
' 2, 279
540
92
52
1,409
660
200
10
424
118
14
161
13
27
14
855
546
300
1 008
151
43
251
130
332
47
1 117
464
652
1 130
281
36
275
45
100
277
5,414
4,611
615
422
110
60
62
51
75
28
929
466
459
1.019
189
75
463
62
44
110
1,534
557
906
672
190
20
242
64
7
98
2,034
742
541
501
86
13
111
1
45
149
930
602
328
1,420
644
49
226
25
27
386
1,163
614
540
675
172
31
218
93
19
116
979
535
429
998
435
15
249
13
25
185
3,401
3,020
350
796
180
82
280
18
71
82
1, 151
496
651
685
353
28
84
4
44
125
1, 739
1,265
r
470
870
173
25
76
187
92
300
749
509
240
do
417
994
1, 112
413
1,004
fi60
492
1,396
659
977
778
672
854
do
do
do
do
do
304
195
109
82
31
705
591
114
247
42
856
478
379
109
146
244
145
99
123
46
515
367
147
400
89
465
325
140
114
81
362
177
185
56
74
1,190
759
431
135
71
444
260
185
165
50
791
567
224
74
112
635
440
194
81
62
466
217
249
142
64
610
260
349
215
29
300, 344
257 554
651, 593
351 010
615,479
260 413
458, 795
133 922
906, 056
327, 572
541, 449
191,319
327, 527
262, 627
539, 767
209, 769
429, 030
200, 591
349, 648
149, 768
650, 780
218, 322
470, 161
301 267
239, 675
329, 996
1,998
910
1 194
2,081
924
1 291
2,131
924
1 364
2,242
972
1, 416
348
2,443
1,023
1, 616
2, 558
1,069
1,696
2,653
1,063
1,779
2,701
1,022
1,939
2, 752 .
973
2,062
2,731
928
2,119
' 337
2,757
917
2,093
2,780
918
2 080
2,752
887
2,064
100. 62
101. 00
78 74
100. 53
100. 90
78 96
100. 39
100. 74
79.71
100. 13
100. 47
79. 85
100. 07
100. 43
78.92
99.05
99.39
79.06
98.41
98.76
78.05
98. 62
98. 97
78. 55
98.27
98.59
79.06
98.36
98.67
80.36
97.91
98. 19
80.28
96.98
97.24
80 92
96.95
99.24
82.10
117.8
128.4
100. 28
117.6
127.2
99.92
117.5
126.9
99.69
117.4
127. 4
99. 27
117.0
126. 6
98.97
116.7
125.4
97.88
115.7
124.9
96.97
115.4
124.4
97.08
115.2
124.9
96.31
114.7
125.1
96.53
114.5
123.9
96.37
114.3
121.4
94. 96
113.3
120. 5
94.51
85, 991
90 886
64, 498
68 903
70, 651
77, 015
98, 178
99 831
150, 401
155, 797
115, 121
129 547
86, 843
90, 703
93, 992
100 868
80, 463
89, 342
82, 141
90, 512
108, 696
111, 629
93, 547
96 276
82, 604
83, 401
84 448
88, 658
62 600
66, 632
68, 690
74, 512
96, 042
96, 368
147, 784
152, 634
111, 885
126, 209
84, 516
88, 119
92, 031
97, 287
78, 899
87, 152
80, 249
86, 856
106, 849
108, 668
91,216
90, 405
80, 549
80, 933
do
do
do
do
do
do
do _ _
do
do
do
of dol
do
783
605
546
267
o
279
59
r
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+issues):
Composite (17 bonds)
dol. per $100 bond-Domestic municipal (15 bonds)
- _ _ do _
II. S. Treasury bonds, taxable
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
thous. of doLFace value
do
New York Stock Exchange:
Market value
'
do
Face value
do
r
Revised.
» Preliminary.
9 Includes data not shown separately.
§ Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds.
113.1
121.3
94.87
S-20
SURVEY OF CURRENT BUSINESS
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
Novem- DecemAugust SeptemOctober
BUSINESS STATISTICS
ber
ber
ber
October 1055
1955
January
February
March
April
May
June
July
August
September
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds— Continued
Sales— Continued
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 _
U. S. Treasury bonds, taxable
do
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. of dol
Finance
- - do
Manufacturing
do
Milling
- do
Public utilities:
Communications
do
Electric and gas
do
Railroad
do
Trade
- - .-do __
Miscellaneous
-__ _ - do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) .dollars-Industrial (125 stocks)
-do
Public utility (24 stocks)
- do
Railroad (25 stocks)
_
_ _ do - - _
Bank (15 stocks)
do
Insurance (10 stocks)
__ _
do
Price per share, end of month (200 stocks) 9 ._-do-_Industrial (125 stocks)
do _
Public utility (24 stocks) .
do
Railroad (25 stocks)
- -- do
Yield (200 stocks)
percent-Industrial (125 stocks)
do Public utility (24 stocks)
do
Railroad (25 stocks)
do _
Bank (15 stocks)
do
Insurance (10 stocks)
- - - do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)
percent-Prices:
Dow-Jones & Co., Inc. (65 stocks)
dol. per share-Industrial (30 stocks)
_ do
Public utility (15 stocks)
do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad: c?
Combined index (480 stocks)
1935-39=100-Industrial total (420 stocks) 9
do
Capital goods (128 stocks) _
do _ _
Consumers' goods (195 stocks)
do
Public utility (40 stocks)
do
Railroad (20 stocks)
do __
Banks N Y C (12 stocks)
do
Fire insurance (16 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil of dol
Shares sold
- -- --thousands
On New York Stock Exchange:
Market value
- - mil. of dol
Shares sold
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
-thousands .
Shares listed, New York Stock Exchange:
M^arket value all listed shares
mil of dol
Number of shares listed
millions
76, 251
5
76, 246
68, 307
7,878
59, 575
1
59, 574
50, 574
8,965
67, 945
5
67, 940
57, 516
10, 362
109 495
107 382
1 440
108, 816
106 322
1 829
109 350
107 232
1 448
108, 778
106 280
1 833
109 395
107 269
1,453
108, 965
106 477
1,823
3.14
3.13
3.13
3.13
2.87
3.03
3.15
3.49
2 89
3.04
3 13
3.47
2.87
3.04
3.14
3.46
3 07
3.12
3 21
3 07
3.13
3 22
2 26
2.23
2.48
97,202
0
97, 202
88, 096
9,009
126, 487
0
126, 487
118,359
8,051
101, 100
4
101, 096
93 654
7,356
79, 992
4
79, 988
73 110
6 819
81, 373
80, 570
80, 570
74 930
5 592
76, 572
0
76, 572
64 444
12, 041
99, 554
0
99, 554
89 672
9,846
79, 184
0
79, 184
71 587
7,535
87,826
81, 373
73 806
7 547
109 139 106 517
107 012 104 442
1 454
1 403
109, 003 106 438
106 516 103 995
1 822
1 778
105 476
103 351
1 456
106 491
103 985
1 841
104 518
102 427
1 433
106 204
103 713
1 836
104 349
102 266
1 428
105 806
103 334
1 818
104 344
102 238
1 449
106 184
103 696
1 833
104 459
102 314
1 487
106, 200
103 694
1,851
104 282
102 181
1,443
106, 513
104 061
1,797
104 002
101 892
1 454
107, 237
104 785
1,797
103 997
101 853
1 496
107, 273
104 796
1,822
3.13
3.15
3.18
3.20
3.21
3.23
3.23
3.24
3.29
3.31
2 89
3.04
3 13
3.45
2 90
3.04
3 14
3.45
2 93
3.06
3 15
3.45
2
3
3
3
02
13
18
48
3 01
3.13
3 19
3.49
3.04
3.15
3.21
3.50
3.05
3.14
3.22
3.51
3.06
3.14
3.24
3.52
3 11
3.20
3 28
3.56
3 13
3.22
3 31
3.59
3 06
3.11
3 23
3 06
3 10
3 22
3 07
3 10
3 23
3 08
3 12
3 25
3 12
3 15
3 28
3 14
3 17
3 31
3 14
3.17
3 30
3 17
3.19
3 32
3.18
3.21
3.31
3.18
3.22
3 32
3 25
3 26
3 36
3 25
3 29
3 40
2 35
2.29
2.51
2.33
2.32
2.52
2 33
2 29
2.55
2 36
2 33
2.57
2 43
2 39
2.65
2 45
2 42
2.72
2 42
2 45
2.71
2 40
2.43
2.77
2.39
2.41
2.75
2.48
2.48
2.76
2 56
2.62
2.87
2 63
2 67
2.91
2 63
2.88
333 2
61.6
171 7
4.6
1 266 2
92.8
822 9
87.8
613 6
108.0
211 5
11.4
260 6
72.3
104 8
1.6
1 978 4
239 2
1 261 8
138 2
721 1
142.0
233 7
4 7
5
8
5
2
1 340 4
91 0
869 2
100 1
669 0
118.8
235 2
7.1
251.3
62.0
104.8
3.3
1, 390. 3
93.6
909.6
104.0
669.2
142.3
221.8
7.3
263 3
56 1
107 9
31
17
63.3
9.5
13.4
7.4
39 1
108.6
51 1
38.9
25.0
113.3
88.8
20.5
52.7
7.4
13
62.2
4 4
8.4
5.6
42 5
118.0
88 9
47.6
42.2
121 8
81.1
32 9
93.5
11.4
13
67 9
10 2
17 0
4.6
39 3
111 0
64 5
38 7
26.6
126.4
85.1
23.9
57.0
15.5
1.4
61.9
4.5
8.3
5.1
40.4
112.9
62.5
38.6
28.7
127.5
86.9
18.0
57.5
7.9
4 3
71.1
6 5
81
6.2
4.22
4.43
2 13
3.15
3 05
3 37
88.91
95 06
45.44
50 01
4.75
4 66
4.69
6 30
4 32
2 79
4.22
4.43
2 13
3.15
3 07
3.37
94.65
102 88
45.90
51.47
4.46
4 31
4.64
6 12
4 39
2 77
4.23
4.46
2 13
3.15
3 08
3.37
92.64
100. 66
44.18
52.29
4.57
4.43
4.82
6.02
4.50
3.00
4.42
4.72
2 13
3 17
3 09
3 37
100. 60
110 13
46.33
58 38
4.39
4 29
4.60
5 43
4 26
2 74
4.43
4.73
2 14
3.14
3 15
3.37
105. 40
115 64
47.56
64.27
4.20
4 09
4.50
4.89
4 09
2.52
4.48
4.79
2 14
3.19
3 15
3.39
106. 21
116. 83
46.94
64.35
4.22
4 10
4.56
4.96
4 14
2.58
4.56
4 90
2 14
3 23
3 15
3 39
108. 30
118 49
48.59
67 42
4.21
4 14
4.40
4 79
4 06
2 51
4.59
4 92
2 18
3 23
3 14
3 49
108 90
117 61
47 97
67 42
4.21
4 18
4 54
4 79
3 89
2 58
4.60
4.93
2 18
3.36
3.15
3.49
111.68
122. 40
49.12
72.21
4.12
4.03
4.44
4.65
3 94
2.50
4.62
4.95
2.21
3.36
3.15
3.49
111.49
122. 15
48.54
71.63
4.14
4.05
4.55
4.69
4.06
2.49
4.63
4.95
2.23
3.40
3.15
3.49
119. 66
133. 41
49.21
72.96
3.87
3.71
4.53
4.66
4.01
2.40
4.66
5.00
2.23
3.42
3.15
3.49
123. 15
137. 85
51.39
71.63
3.78
3.63
4.34
4.77
3.95
2.45
4.79
5.18
2.23
3.42
3.15
3.49
122. 44
137. 59
51.43
71.06
3.91
3.76
4.34
4.81
3.93
2.56
3.93
3.92
129. 76
346. 06
61 01
118. 29
130. 40
352. 71
61 04
116. 03
131. 54
358. 30
59.43
118. 41
236.4
260 6
257.2
207.3
142.3
187.2
135 7
293.3
238.5
264 4
257.3
209.4
140.7
182.0
135 4
284.1
2 752
97, 292
3.98
137. 84
375. 50
60.12
126. 95
145. 81
393. 84
61.43
139. 64
147. 98
398. 43
62.39
142. 45
243.5
271.4
262.5
214.8
139.4
186.7
135.9
274.8
252.2
282.0
278.5
221.2
141.4
196.7
138.0
278.5
264.5
296.7
296.8
228.7
144.0
217.5
147.6
295.9
268.8
301.9
302.7
232.2
145.1
222.4
150.5
302.3
2 178
81, 723
2 371
88, 329
2 987
101, 956
3 714
135, 762
2,410
70 904
1, 852
53, 201
2,031
61, 725
2, 577
71, 843
3,196
93, 705
3,438
96, 769
56, 928
41,232
44, 169
63, 930
76, 456
74, 646
148 163
3 094
160 986
3 107
169 149
3 174
o
4.01
3.98
3.99
3.98
3.96
151. 70
410. 25
63 29
145. 64
152. 75
408. 91
63 87
149. 06
158.35
422. 99
64.56
157. 51
157. 89
421. 55
64.06
157. 75
162. 77
440. 79
64.23
161. 16
166.90
462. 16
65. 51
158. 98
278.1
312.4
316.2
235. 0
149.6
231.9
153.9
311.1
277.5
310.8
315.3
233.8
150.4
237.9
157.3
312.4
286.2
321.5
330.2
241.0
151.8
252.1
164.2
322.5
285.0
319.7
331.9
239.8
152.3
250.9
156.7
327.0
300.7
340.5
356.2
250.6
153.4
258.9
157. 2
331.4
3,795
135, 043
3,155
105, 677
2,675
98, 219
3,067
90, 745
3,277
91, 252
2,734
71, 171
2,316
68, 645
60, 815
66, 865
53, 788
45, 427
181, 386
3,284
182, 830
3,341
4.00
3,996
3,547
142, 277 '131,210
171 155
3 208
175 588
3 236
r
175 806
3,262
4.81
5.20
2 24
3.42
3 23
3.49
122. 51
138. 21
49.83
69. 60
3.93
3. 76
4.50
4.91
4.06
2.67
10.90
3.08
8.86
9 70
3 03
7 00
3.93
150 659
3 093
259
70
85
2
3
3
3
3
9 $7
3.98
142 284
3 071
99
10
17
47
9 43
2 94
7 63
2 88
6 42
4.01
o
4.01 |
4.06
164. 94
457. 29
65.87
155. 19
169.99
476. 43
65.36
160. 08
315.3
359.6
369.1
270.0
156.4
256.1
158.4
334.5
311.0
354.2
361.6
269.1
155.9
250.0
160.4
320.5
323. 2
371.1
380.3
282.8
154.8
257.0
165. 3
314.9
3,247
116, 222
3,081
95, 984
2,579
84, 622
2,784
79, 175
2,654
68, 416
2,229
59, 906
58, 148
48, 459
41,806
194, 406
3, 434
198, 228
3,475
r
60, 100
§ Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of
all listed bonds shown on p. S-19.
9 Includes data not shown separately.
.
cf Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
SURVEY OF CURRENT BUSINESS
October 1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-21
1954
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
September
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
Exports of goods and services, total
mil. of dol.
Military transfers under grants, net
do
Merchandise, adjusted, excluding military transactions
mil of dol
Income on investments abroad
do_ _
Other services and military transactions
do
4,854
706
5,583
607
5,183
499
2 907
501
740
3,501
720
755
3,443
534
707
3 515
552
762
Imports of goods and services, total
do
Merchandise, adjusted cf
- -do
Income on foreign investments in U. S
do
Military expenditures
- - __do__
Other services
tf
do
4,008
2,457
96
637
818
3,894
2,575
114
651
554
4,092
2,762
113
648
569
4 423
2 807
123
752
741
+846
+1, 689
+1, 091
-1,222
— 104
-1,118
-1,216
-125
-1, 091
-1,224
U S long- and short-term capital (net) , total
do
Private
- do
Government
do
—302
-305
H-3
—640
-632
-8
-74
-3
-71
—481
—351
-130
Foreign long- and short-term capital (net)
Gold sales [purchases ( — )]
Errors and omissions
4-439
+164
+75
+324
+70
-227
+156
+546
+34
+142
Balance on goods and services
do
Unilateral transfers (net) , total -_ __
Private
Government
- _ --
do. _ _
do_ .
do
-
do
do
do
-112
—109
-1,112
+30
+21
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:!
Quantity
Value
Unit value
Imports for consumption :t
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
_
Imports for consumption:
Unadjusted
Adjusted
1936-38= 100. _
_ . - do _
do
- -
do
do
do
1924-29= 100. _
do
do
do
-do
_ _ . do __
'237
470
199
227
'453
199
258
514
199
'253
'508
201
'265
'536
202
234 .
'473
202
'250
'501
201
'270
'546
202
'254
513
'202
262
533
203
264
536
203
254
515
203
140
403
287
133
379
284
131
371
283
143
••406
283
158
454
286
149
420
282
145
411
283
173
490
283
150
425
283
167
467
279
164
459
230
155
429
277
64
80
70
60
102
74
103
81
110
91
92
89
96
112
108
123
75
93
72
91
95
127
97
101
109
94
150
116
147
127
146
132
133
133
143
171
160
183
113
133
108
126
145
175
78
85
80
85
78
77
81
84
91
88
99
97
91
90
111
99
99
93
109
111
97
104
6,339
9,133
5,986
8,971
7,464
9,000
6,655
9,273
6,148
9,529
5,281
9,343
5,989
8,924
' 6, 145
' 10, 294
i 7, 786
* 8, 956
Shipping Weight
Water-borne trade:
Exports, incl. reexports §
General imports.
thous. of long tons..
do
Value %
Exports (mdse.), including reexports, totall.mil. of dol__ ' 1, 155. 7 ' 1, 114. 1 ' 1, 265. 0 ' 1, 249. 2'1,318.2 r 1, 165. 6 ' 1, 233. 2' 1, 342. 3' 1, 263. 6' 1, 308. 0 1,315.8 ' 1, 267. 1 1, 227. 4
By geographic regions: A
Africa
thous. of dol. r ' 49, 659 ' 49, 709 ' 49, 451 ' 45, 809 ' 51, 230 r 48, 155 ' 45, 305 ' 52, 931 ' 56 218 ' 56 464 52 460
50 046
142, 760 '149,114 ' 159, 098 ' 173, 478 ' 198, 647 ' 185, 937 ' 197, 451 ' 232, 770 ' 195, 704 ' 197, 669 176, 425 185 169
Asia and Oceania
_
...do
r
228, 438 ' 232, 986 '352,130 ' 356, 345 '382,503 ' 332, 903 ' 374, 971 ' 360, 938 ' 313, 202 '307 285 349 601 333 232
Europe
do
r
215, 558 ' 213, 797 ' 233, 084 242, 034 ' 222, 825 r 205, 787 ' 221, 882 ' 265, 001 ' 277, 835 '293 582 286 065 254 356
Northern North America..
do
' 119, 106 ' 122, 761 ' 141, 353 ' 141, 741 ' 145, 988 ' 133, 683 ' 125, 590 147 725 '142 331 '134 729 138 089 136 808
Southern North America
do
' 155, 569 ' 146, 793 ' 162, 559 ' 157, 017 ' 165, 202 ' 127, 166 ' 123, 613 ' 135, 786 ' 137, 419 ' 126 333 125 792 132 610
South America.
do
By leading countries: A
Africa:
3,073 ' 4, 034 ' 4, 217 ' 3, 620 4,471
2,976 ' 2, 842
Egypt
..do .
7 566 ' 7, 879 ' 8 016 10 630
7 416
Union of South Africa
do
' 17, 255 ' 18, 896 ' 18, 837 ' 18, 987 ' 16, 562 ' 25, 202 ' 22, 199
24, 768
23,660
25 401 23 934
22 203
Asia and Oceania:
14, 734
Australia, including New Guinea
-do
17, 886
18,838 21,599 ' 18, 811 ' 15, 534 ' 26, 819 ' 18, 568 13, 475 ' 13 554 11 221 12 671
2,447
2,412 ' 3, 584
3,154
British Malaya__
do
2,276
2,755
3,190
3,575
2,981
2 389
2 739
3 185
o
0
0
2
0
0
0
0
0
o
o
o
China, including Manchuria . .
_. do .12, 950
12, 782 ' 12, 555 r 16 939 ' 21, 799 ' 17 290 ' 20 029 ' 27 029 16 829
India and Pakistan
do
20 905
16 900
20 272
Japan..
_. -..
- - .do_- - ' 32, 033 r32, 147 ' 41, 013 ' 44, 072 ' 54, 227 ' 57, 855 '51,914 ' 52, 489 ' 51, 241 ' 50 748 44 847
52* 982
4, 456 ' 4, 658
4,067 ' 5, 890
Indonesia
_ _.
_ _ _ . _ do - r 3,032
4 619
5 621
8 044
5 919
4 532
5 714
6 331
23, 637 ' 30, 040 '31,376 ' 26, 784 ' 32, 670 ' 27 498 ' 29 627 35 723 ' 35 898r 28 407
Republic of the Philippines
do
23' 340
21 666
Europe:
France
_
_ . _ . ... do . '21,606 r 23, 245 32, 471 ' 35, 552 ' 34, 833 r 28, 119 ' 27 379 '33 012 27 991 T 31 285 26 483 32 944
11
0
0
0
0
o
o
o
East Germany
__.
. _ - - - -do 371
394
60
128
32, 069 '31 361 ' 49 385 ' 59 828 '51 438 '41 461 ' 48 392 r 42 296 ' 48 386 ' 55 076 52 746
West Germany
do
47 240
16, 324 ' 17, 615 ' 28, 436 ' 34, 254 ' 39, 683 ' 24 602 ' 33 311' 28 566 ' 32 568 31 854
Italy
do-._
29 471
23 193
1
Union of Soviet Socialist Republics
do
78
'3
0
112
1
1
1
18
33
15
3
United Kingdom. _ _
._. _. _ - -_do _
54, 610 ' 64, 347 '101,551 ' 70, 343 ' 79, 758 ' 74, 793 ' 79, 654 ' 78, 599 '64,794 ' 58 112 60 931
84 989
North and South America:
r
r
215 538 213 783 '233 070 242 029 '222 814 '205 785 '221 868 '264 996 '277 830 '293 580 285 951 254 356
Canada
do
r
Latin American Republics, total 9
do
265, 085 '257,391 '289,306 '284,337 '295,475 '247,216 '235,696 ' 267, 055 ' 265, 063 '247 340 251 689 257 786
Argentina..
...
- .-do - r 14, 256 ' 9, 343 12, 348 ' 15, 942 ' 12, 939 ' 12 771 ' 12 536 10 278 ' 10 469 10 900
13 366
17 570
48, 932
r ig 209
Brazil
_ _
_ do
42 062
36 552 '35 746 ' 32 417 ' 21 144' 18 055 r 20 013
20 845
17 393
4,364 ' 6, 027 ' 6, 853 ' 7, 988 ' 10, 360 ' 5 422 '8 244 9 897
Chile
do-.6 351
6 656
6 188
6 413
Colombia
do
26 138 ' 32 793 ' 35 642 ' 28 209 ' 32 134 ' 27 110 T 26 313
28 830 T 32 609 ' 25 903 23 802
24 432
Cuba
-. . ..do . ' 35, 778 ' 35, 374 ' 40 007 ' 38 393 ' 39 049 ' 35 751' 36 124 41 385 40 328 37 837 34 990
33 176
' 48, 388 ' 48, 837 ' 48, 575 ' 53, 655 ' 54,045 ' 50 785 ' 49 562 58 990 ' 57 833' 53 874 56* 220
Mexico. .
do
61 232
' 43, 254 ' 37, 306 ' 47, 300 ' 46, 446 '50,029 ' 41, 620 ' 40, 851 '45, 372 ' 46. 998 ' 44. 102 42. 900
Venezuela
do
40. 505
' Revised.
1 Revisions for January-April 1954 (thous. long tons): Exports—3,757; 3,858; 3,970; 5,131; imports—8,806 (March); 8,220 (April),
cf Excludes military expenditures.
^Revisions for January-July 1954 will be shown later.
§ Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
fTotal exports and data by economic classes and commodities include shipments under the Mutual Security Program. Total MSP military shipments are as follows (mil. dol.):
August 1954-August 1955, respectively—200.4; 152.8; 103.7; 85.1; 97.6; 85.3; 94.7; 92.2; 93.9; 131.1; 128.0; 127.8; 127.9.
AExcludes shipments under MSP and "special category" shipments not made under this program.
9 Includes countries not shown separately.
SUKVEY OF CURRENT BUSINESS
S-22
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
Septem- October Novem- DecemAugust
BUSINESS STATISTICS
ber
ber
ber
October 1955
1955
January
February
March
April
May
June
July
1 August
:
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value J— Continued
Exports of U. S. merchandise, total!
.mil. of dol.By economic classes:
Crude materials
thous. of dol
Crude foodstuffs
_ _ _ _ _ _ _ __
do
Manufactured foodstuffs and beverages __ _ do
Semimanufactures 9
do
Finished manufactures 9
do
By principal commodities:
Agricultural products, total©
_ do
Cotton, unmanufactured
_ __ do. _.
Fruits, vegetables, and preparations
do
Grains and preparations
do _ _ _
Packing-house products
- do
Tobacco and manufactures
do
' f ,146. 4 r 1,103. 5 '1,253.4 '1,237.8 ••1,306.8
122,112
55, 637
53, 281
••151,748
' 763, 61 9
190, 438
35, 403
19, 756
58, 200
18, 435
22,216
Petroleum and products
Textiles and manufactures
126,949 ' 224, 946 '•217,811
* 46, 351 ' 64, 150 'r 65, 862
' 59, 756 ' 67, 530 77, 134
••141,513 r 164, 660 rr 158, 212
' 728, 944 ••732,142 718, 764
-- -- - -
1,152. 5 '1,221.9 ' 1,329. 7 -1,250.7 '1,299.0 ' 1,306. 3 1, 256. 4 "1, 218. 5
••205,292 ••154,128
'147,440 ••152,571 '136,236
' 82, 196 rr 75, 478 'r 82, 321
96, 344 r 56 904
' 64, 813 r 57, 225 r 64, 879 r 69, 368
61, 703
69, 157 183, 561 188, 825 '191 240
••175,133
r
779,411 ' 66, 553 r 743, 660 ' 822, 549 '804,633
r
83, 181
85,411
31, 925
r
43, 281
909. 4
r
' 941. 4
81, 366 r 80, 934
81. 626 r 93, 234
28, 696
35, 663
r
41, 264 ' 46, 117
* 967. 5
904. 5
r
' 879. 1
278 992
56, 379
25, 748
86, 044
18 922
21, 780
132, 021
97 143
69 742
184 772
772 730
255 380
11 746
24 621
98 035
18 990
39, 720
946. 8 r 1,034. 2 ' 1, 041. 2 ' 1, 070. 9 1, 027. 3 1, 001. 0
91,071 r rlll,840 r r109, 267 ••117,663
86, 301 79, 626 r 84, Oil
86, 108
31, 731
27, 942
20, 230
27, 087
43, 428 ' 56, 342 r 53, 673 ' 58, 156
T
136, 375 '148,602
93, 307 ' 99, 036
22, 942
40, 085
r
67, 160 ' 68, 626
142, 967
89, 224
41 248
65, 908
123, 306
86 231
45 193
64,512
108, 326
86 650
42 849
68 490
. do
' 205, 255 213, 308 215,410 229, 582 r 238, 764 * 227, 179 r242,323 T 268, 459 ' 269, 294 ' 266, 762 250 293
8 192
7 437
do
10 089
12 601
7 236
7,752
8 872
10 362
13 750
13 340
11 673
22, 577
26, 331
do. _ _ 26, 706
23, 378
24, 518 r 25, 808
31, 694
28,616
31, 595
30, 975
30, 563
do
50, 096 'r 59, 317 'r 58, 783 r' 61, 477 ' 60, 829 rr 64, 834 T 69, 841 r 71, 538 ' 78, 489
74, 544
66, 241
20, 621
do
13 555
15 734
14 348
14, 893 ' 16 932 16, 991
17 118 ' 17, 677
17 162
17 840
r
do
89, 631 r 98, 986 r 100, 123 r 107, 530 r 114, 435 r 101, 025 ' 104, 242 r 121, 462 '116,779 116, 546 113 417
248 527
10 978
27, 879
69 140
15 981
114 120
r
r
r
' 780. 5 ' 763. 3
r
'40 594 r 31 556 r 37 873
T
148, 501 142, 995 r 127, 372
T
162, 581 ' 171, 130 182, 244
T
206,
407 ' 204, 788 ' 201, 550
r
90, 170 ' 68, 895 ' 69, 158
176, 423 r 161, 110 ' 145, 134
1,947
' 7, 703
727
5,737
T
T
10, 518 r 13, 883
13, 513
17, 496
695
261
r
17, 504 r 19, 044
' 27, 436 ' 27, 342
13, 537
16, 230
22, 665
24, 604
55 422
54 570
r
'839.5
57 877
43 878
r
129, 934 rr 121, 325
r
208,
355
196,
805
r
211 107 rr 215, 858
107, 106
'
72,
497
r
!85 241 '231,7C2
r
490
6, 247
r
'7 654
15, 765
269
r
15, 269
r
24, 361
18, 383
17, 435
7 786
15, 001
r
r
r
r
951
r
r
17, 256
27, 047
13, 454
15, 881
46 356
47 208
T
r
942. 3
r
610
6,851
r
870. 3
T
45 650
151, 478
r
163,
357
r
183, 268
r
144,
864
r
181, 721
r
47 104
49 973
49 338 r 56 881
' 49' 588 ' 63 230 ' 57, 248 51 435
' 849. 5 ' 1, 018. 9
' 51 513' 65 105 56 291
140, 966 188, 066 159, 534
'r 179, 263 'r 225, 429 ' 179, 754
!83 828 r212 704 204 344
r
138, 023 145, 593 ' 116, 874
r
!55 888 ' 181, 983 153, 951
1,379
5,972
1,500
7,512
1,821
7,914
6 979
14, 552
15, 830
11, 634
4 158
' 15, 870
21, 893
34, 416
15, 257
16, 728
21, 189
22, 526
17, 843
17,830
726
843
17, 055
25, 041
14, 238
9,814
r
814
12 805 ' 13 170
12 721 r 12 155 r 15 015 r 15 866 r 14 058
214
415 r
389
759
427
326
220
'
23
444
'
24
974
'
23
457
21 755 r
24 417 T
21 706
29 616
10, 956 r 14,r 313 T 14r 837 r 14, 192
9,740
13, 486
11,816
919
692
1 147
1 604
634
899
1 038
r
38, 890 r 42, 389 T 41, 219 r 35 467 ' 57, 376 35, 510 r 48, 699 r
r
870.7
13, 854
20, 906
1 034
25, 701
34, 509
18, 376
22, 673
13,297
19, 629
15,518
22, 967
6 026
22, 300
13 053
20 692
21, 967
34, 418
14, 471
28,333
21 Oil
35 880
15 502
26, 229
744
55, 535
50, 370
212, 666
204, 327
206 303 ' 204, 600 201 504 210 812 ' 215, 837
Imports for consumption total
mil.
By economic classes:
Crude materials
thous
Crude foodstuffs
_ _ _
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products total©
Cocoa or cacao beans incl shells
Coffee
Hides and skins
Rubber crude including guayule
Sugar
"Wool and mohair unmanufactured
of dol
T
of dol
do_
do
do
do
r
208
r
077
142, 482
96 615
193 877
185 723
304 738
r 16 164
90 416
4,896
27 214
41 740
19 047
522 035
4 805
T
T
826 8
r
776. 6
r
r
r
832 2
r
185 974
r
163, 182
r
82 089
r
203 073
r
260, 052 T 252, 529
17 291
12 822
64 883 ' 75 982
3,967
3,686
24, 371
22 564
30 611 r 16, 651
18 312
17 738
'288 284
18 788
'106 273
3, 752
23 188
12, 880
15 689
360, 957
30 821
174 374
3,171
24 480
10, 423
15 444
516 513 '509 010 r543 947 r570 245
5 297
2 124
2 838
11 990
96 389 r 88 638
r 32 492 r 31 530
16 055 ' 13 471
25 560
25 087
52, 063
47 487
63 109
64 401
r
73 25Q
17 797
r 16 106
25 421
49 651
67 032
T
83 002 r 97
28
14
17 041
27 157
22
52
54 284
74 HI
87
r 25 819
r
r
T
931. 2
r
197 536 182 062
206 286
r
114, 967 123, 580
242, 022
86 540
71, 546
76 189
r
217 783
194 683 r'186 345
r
182, 840 193, 364 !97 913 193, 565
r
866
272
810
238 216 r312 055 r 297 516 r265 376 r297 964 '251 086
r g H6
9 222
6 962
7 585
13, 198
11, 048
40, 587
43, 923
36, 045
'T 55, 783 96, 842 r 56, 529
12, 726
14, 990
17, 482
15,003
17, 258
13 031
r 37 136 r 40 434
19, 994
38 722
32 812 T 32 075
34, 524
45, 858 ' 36, 703
17, 689 T 36, 289
14, 992
32, 353
40, 474
' 21 093 Tr 27, 851
40, 976 ' 41, 800
T 48 755 51 788
47, 716 ' 46, 389 ' 58 546 44, 190
761. 5
r
r
183, 239 ' 183, 772
597
431
382
974
675
963
896
862. 2
' 843. 3 ' 1, 005. 6 ' 872. 4
201 735 r 204 075 r 254 086
198, 600 169, 294 178, 541
r
82, 655 105, 029
86, 719
199 304 r209 166 230 281
175, 890 178, 140 237, 657
241
28,378
16, 666
28, 171 ' 33, 902
18, 337
16, 605
31, 614
22,620
25, 894
14, 183
'252 354 r216 336 r!94 055
8 942
8 016
6 526
34, 560 TT 34, 098
59, 125
15 150
6 724
14 818
51 583 34 594 r 15 543
19,
791
37,667
26,
808
r
24 375 ' 19, 561 '20 947
38 674 r 40 192
37 412
42 605
173' 843
186, 566
208 720
97, 032
176 547
2 273
5,829
' 16, 154
r
885. 3
46 765
172 416
191, 809
244 108
112, 651
171, 058
1,868
9,781
19, 836
r
r
1,417
10, 905
31, 354
21, 298
r
54 848
' 196, 428
195, 678
229 672
121, 274
168 179
938.8
61 625
43 218
3,381
6,321
T
r
966.1
54 291
48 841
4,515
10, 604
r
r
do
do
do
do
do
do
do
do
Nonagricultural products total©
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures, total
thous of dol
Copper incl ore and manufactures
do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
T
46 892 r' 57 130 r 55 423
51 017
53 627
57, 305
824. 7
Latin American Republics total©
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
do
do
do
do
do
do
do
r
53 402
48 997
do
do
General imports, total.
mil. of doL
By geographic regions:
Africa
thous of dol
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America _
do
South America
do
By leading countries:
Africa:
Egypt do
Union of South Africa...
_do _
Asia and Oceania:
Australia including New Guinea
do
British Malaya
do
China including Manchuria
do
India and Pakistan
do
Japan
. __ _
. . . do_ _
Indonesia
do
Republic of the Philippines
do_ _
Europe:
France
do
East Germany
do
West Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
72
14, 962
16, 886
27, 655
14, 121
1 291
50, 886
32 650
13, 461
1,386
46, 650
15 512
'693
30 218
12 413
2 025
52 662
299
339
229, 640
243, 965
208 589
271 605
10, 593
42, 437
17, 087
33, 236
31, 609
38, 528
46, 579
263 755
12, 789
38, 917
19, 224
32,901
35,901
34, 282
47, 103
258 171
11 391
51,823
14 773
35 452
32, 866
30 390
42 647
958.6
941.9
'879 0
224, 817 237, 283 243, 106
146, 713 174, 931 ' 143, 479
92, 409
95, 657 ' 100, 453
210 693 '236 116 235,717
197, 730 214, 563 219, 097
219 902
148, 645
93 594
211 427
205 399
372, 905
26 086
105, 413
6,181
39, 470
44, 384
26 404
318, 490
18 019
90, 882
4,352
40, 661
37, 144
23 629
348, 658
11 452
120, 060
6,554
39 591
38, 674
23 605
311, 696
15 579
90, 136
5, 628
33, 974
37, 399
22, 752
300, 664
8 592
102 375
5,219
28 509
40, 308
22 096
503 283 r524 366
9 394
9 975
632 690
7,853
553 873
6,452
609 893
8,672
630 155
7,429
578 304
5 812
' 95 277 ' 98,197
31 129
30 495
' 14 984 12 093
' 28, 296 21, 945
51, 451
50, 320
' 95 028 74 215
109, 207
30 885
14, 093
25, 250
52, 767
76 546
110, 024
40 017
13, 248
30, 358
53, 239
82, 675
99 814
34 609
14 800
23, 485
46, 794
75, 272
T
75
23
11
22
46
85
003
363
672
200
732
202
88 207
2q 485
15 037
22 210
43, 200
r 84 552
958.9
56
318, 963
22 471
107 899
3,506
30 358
36, 335
"*7 518
358 965
19 055
140 526
3,924
27 719
36 502
r 21 646
' Revised.
v Preliminary.
^Revisions for January-August 1954 will be shown later.
\ See similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
©Includes data not shown separately.
§Excludes "special category, type 1" exports; electrical machinery data are excluded through 1954 only.
'140,224 156, 519
' 62 739 86 777
' 59, 864
70 530
'191 393 185 248
'844,766 807 209
194, 125 r 31 1,983 ••333,287 TT339, 332 r 273, 394 r275,041 ' 295, 431 ' 209, 624 '228 068
38, 164 r 67, 971
74, 457
94, 640 ' 63, 523 59, 010
69, 564
45, 680
43, 376
20, 448
20, 722
25, 379
27, 273
18, 690
20, 314
24, 869 ' 22, 656
24,182
r
49, 052 r 63. 170 ' 60, 679 r 78, 530 r 72, 436 ' 80, 632 r102, 102 ' 58, 814 ' 63, 736
21, 992
16, 781
22, 920
24, 527
24, 231
20,
815
21,
895
22
380
18 784
37, 827 ' 75, 642 ' 46, 638 ' 32, 082 r 25, 566
22, 986
26. 769
15, 573 ' 18, 572
r
_
r
r
' 956. 0
Nonagricultural products, total©
.mil. of dol_.
Automobiles, parts, and accessories
thous. of doL 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 _ _
r
959.2
Septem
ber
SURVEY OF CUEEENT BUSINESS
October 1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
SeptemDecemAugust
October NovemBUSINESS STATISTICS
ber
ber
ber
S-23
19i5
January
February
March
April
May
June
July
August
September
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines: §
Miles flown, revenue
Express and freight ton-miles
Mail, ton-miles
flown.
Passengers carried, revenue ..
Passenger -miles flown, revenue
_ _ thousands. flown
do
_ do
do
millions _
37, 859
12 704
6,053
2,471
1 392
42, 095
16 478
6,160
2,621
1,436
43, 007
18 759
6, 549
2,673
1 414
40, 497
17 359
6,496
2,416
1 281
44, 365
19 697
9,833
2,518
1,426
45, 092
15 347
6,574
2,601
1 485
40, 790
14 753
6 694
2,367
1 320
45 696
18 174
7 597
2,732
1 521
45
17
7
2
1
786
427
284
950
620
47 302
17 727
6 976
2 976
1 592
28, 808
10, 759
30, 318
8,696
30, 784
11, 682
32, 132
12 458
39, 517
17, 161
27, 258
8 965
26, 849
8 993
32, 326
13 712
29, 580
11 411
14.0
820
126. 1
14.0
r
863
' 136. 1
14.1
r
783
119.6
14.1
14.2
837
14 3
r gOO
r 802
113 0
126 3
124 2
121 8
47 526
18 933
6 910
3, 121
1 765
49 180
16 967
6*305
3' 016
1 760
r
1
29, 921
11 483
33, 341
13 858
29 622
10 314
14 3
14.3
756
116.3
14.4
665
107 9
14 4
700
Express Operations
Transportation revenues
Express privilege payments.
_
thous. of dol. _
do
Local Transit Lines 0
Fares, average cash rate_. ...
Passengers carried, revenue
Operating revenues
- -
. cents.
millions
__mil. of dol -
r
'13. 9
740
115. 5
r
13.9
785
113. 6
13.9
T
818
' 122 5
r
731
Large Motor Carriers (Intercity)
Carriers of property (quarterly totals) :K
Number of reporting carriers
Operating revenues, total,
thous. of dol
Expenses, total
do
Revenue freight carried .
thous. of tons
2 036
856, 644
819 933
65, 629
2 026
905, 121
891 941
69, 051
Carriers of passengers, class I (quarterly totals) :
Number of reporting carriers
Operating revenues, total
thous. of dol
Expenses, total
do
Revenue passengers carried
thousands. .
168
107 372
88, 267
83, 553
89 616
84, 667
79, 068
789
787
789, 338
748, 376
53, 467
159
159
92 607
83,613
76, 367
763, 552
722 339
52, 405
164
77 332
77 876
70, 136
Class I Steam Railways
Freight carloadings (A. A. R.):cf
Total cars
_-_-._.
thousands.
Coal
-- do
Coke
do
Forest products
_. do __
Grain and grain products
do
Livestock
. .. -do ..
Ore
do
Merchandise, 1. c. I
-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 _ _
Total adjusted
do
Coal
_
-do.-Coke
do
Forest products
_.
do. Grain and grain products
do
Livestock
_.
do
Ore
- -- do .
Merchandise, 1. c. 1
-. do _.
Miscellaneous
. do. _
Freight-car surplus and shortage, daily average:
C a r surplus, total 9 . _ _ . _ _ _
numberBox cars
do _
Gondolas and open hoppers ._ ._ _ do
Car shortage total 9
do
Box Cars
.
do _ Gondolas and open hoppers
do Financial operations:
Operating revenues, total 9
mil of dol
Freight
_- -.do Passenger
. do _
Operating expenses
do
Tax accruals, joint facility and equipment rents
mil. of dol. .
Net railway operating income
do
Net incomej
.
do ._
Operating results:
Freight carried 1 mile
mil. of ton-miles
Revenue per ton-mile .- . . _ . _
.. cents. _
Passengers carried 1 mile, revenue
millions
2,708
438
27
155
213
31
249
250
1 344
2,711
M53
29
162
199
46
228
r
246
T
1 349
3,629
635
43
230
268
77
246
327
1,803
2,685
493
35
170
220
47
110
247
1 363
2,518
114
90
87
125
149
56
217
40
127
120
98
97
140
147
89
205
41
133
124
105
109
149
150
111
170
41
136
121
106
116
143
159
85
98
41
134
111
90
90
119
138
59
145
40
126
111
98
98
129
131
67
137
39
123
115
105
111
141
150
72
109
40
125
81,002
10, 688
60, 603
447
442
3
72, 134
8 923
52, 598
998
964
1 444
3,433
569
56
205
217
40
179
308
1 859
3 063
510
47
179
194
29
307
251
1 547
3 085
529
47
186
208
23
332
258
1 503
3 731
553
57
219
335
27
416
324
1 799
3,114
528
50
192
217
27
344
257
1 499
3,142
535
51
185
208
40
352
249
1 522
115
91
134
135
120
49
59
40
137
120
95
142
133
123
58
136
39
140
130
105
147
145
137
52
271
40
146
130
99
148
153
155
41
296
42
144
131
104
151
146
197
41
305
42
140
131
109
160
156
152
49
303
41
142
138
115
167
155
154
80
320
41
151
122
105
124
144
127
56
198
40
136
123
91
133
135
130
62
204
40
144
123
95
144
133
140
65
177
39
142
128
105
149
139
155
57
177
40
144
125
99
151
147
152
50
191
42
140
125
104
156
145
164
50
190
43
139
126
109
166
148
141
51
202
40
140
127
115
169
143
138
60
213
39
139
71,087
9 568
49, 286
47, 171
6,445
30, 145
38 468
3 351
28 230
1 427
l', 334
21 810
2 398
11?657
2 418
1*834
14 414
2 911
2' 31 7
6 350
3 866
2 048
9 583
3 383
866
10 456
6,103
3 788
8 467
250
3,008
13 491
10, 824
2 362
5 164
274
372
13 369
8 018
5 179
5 045
453
297
12 922
7 299
5 332
752
625
65
590
7
9
3
0
724 3
611 8
55 3
564 1
825
703
56
612
796
673
58
602
850
724
59
634
4
7
2
9
875 1
737 9
66 8
644 9
849 6
711 2
70 0
644 8
905 1
764.9
68 2
669 7
60.6
109 1
126.6
94.1
68 7
51.9
93.6
66 6
46 1
115.4
97 7
77.9
106.4
87 4
67 0
114.2
101 2
86 7
124.2
106 0
88 1
112. 1
92 6
72.4
125.7
129 8
47 588
1.421
2,625
48 161
1.357
2 488
46 098
1.382
2 057
50 996
1.423
2 117
51 205
1.372
2 222
55 833
1.' 354
2 270
54 938
1.389
2 561
54 463
1.366
2 793
2,575
511
42
171
177
25
56
243
1 351
2,621
1,306
3,054
608
50
194
225
40
75
288
1 575
114
106
125
137
133
60
57
40
127
110
103
127
133
132
61
53
37
123
113
105
131
138
124
45
49
39
128
118
106
116
146
163
68
109
40
129
123
106
119
154
142
62
184
41
135
121
103
121
148
132
64
210
39
134
29, 482
1 200
20, 505
2 193
2,077
25
40, 960
2 348
27, 410
o
44, 922
3,402
33, 041
2 854
2,405
139
804 8
664. 3
73 4
623 3
781 6
653.0
62.3
607 4
804 4
678.8
57 3
611 8
793 0
669.5
57 5
597 0
798
652
69
628
97.4
84 1
64.2
94.0
80 2
58.3
101.7
90 9
75.4
101.9
94 1
75.5
48 921
1.405
2,926
48 175
1.402
2,406
52, 712
1.344
2,192
48 521
1.415
2 159
r
487
36
169
185
34
62
239
244
237
0
0
9
0
3
368
341
3
687
665
23
447
42
168
171
27
67
255
34
2
2
5
0
281
0
9
2
2
Waterway Traffic
Clearances, vessels in foreign trade:
9,249
9,660
Total U. S. ports ... . - _ . .. thous. of net tons .
10, 277
9.446
10, 141
11, 183
8,748
9,505
8,449
9,511
6,841
7,157
6, 604
6 711
Foreign vessels
do
6,659
7 986
6 437
6 261
6 884
7 362
2,819
United States vessels .
_ _
..do...
3,120
2,794
2,852
2,311
2,563
2,779
2,645
2, 188
3,197
Panama Canal:
3 227
3 127
Total
thous of long tons
3 329
3 132
3 404
3 464
3 376
3 703
3 932
3 760
3 750
3 453
3 669
991
932
1,002
1,030
In United States vessels, -_
.- - d o
1.469
1.333
987
985
1.316
1.123
1.419
1.305
L065
r
Revised.
1 Excludes data for one carrier.
§ Beginning January 1955, data include local service operations of one carrier.
\ Data beginning 1st quarter 1955 cover large motor carriers having operating revenues of $1,000,000 or above.
c?Data for October 1954 and January, April, and July 1955 are for 5 weeks; other months, 4 weeks.
9 Includes data not shown separately.
JRevised data for July 1954, $50,700,000.
©Data have been revised as follows (units as above): Fares—July 1954, 13.8; passengers carried—Jan .-Dec. 1953, 944; 889; 1,003; 975; 969; 922; 871; 829; 868; 941; 882; 944; Jan.-July 1954, 855;
806; 905; 876; 836; 805; 748; operating revenues—March 1953, 129.3; Sept. 1953, 118.4; Jan-July 1954, 124.2; 118.9; 129.5; 128.3; 121.5; 119.0; 116.6.
SURVEY OF CURRENT BUSINESS
S-24
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
DecemSeptemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
October 1955
1955
January
February
March
April
May
June
August
September
7.19
65
235
7.97
71
260
7.78
74
258
40,963
4,472
July
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars _
7.66
Rooms occupied
percent of total
72
Restaurant sales index .
same month 1929=100 _
248
Foreign travel:
U. S. citizens: Arrivals
._
number-- 146, 742
94, 034
Departures
do
64, 504
Aliens: Arrivals
__ __ _
do
43, 530
Departures
.
do
Passports issued and renewed-_ _ _ d o _ . _ 34, 263
National parks, visitors
thousands 4,213
Pullman Co.:
Revenue passenger-miles
. _ _ _ _. millions _ _
640
Passenger revenues
thous. of dol
8,422
7.55
74
253
7.71
77
262
7.76
71
250
6.89
59
229
7.17
73
252
7.25
74
252
7.02
75
241
7.65
73
259
6.98
74
277
7.61
74
280
126, 750
73, 984
70, 574
45, 403
26,023
2,010
88, 706
60, 498
56, 752
40, 100
21, 659
1,104
73,293
56, 135
50, 477
35, 154
22, 000
428
72, 730
69, 840
48, 675
41, 779
25, 005
111
69, 272
76, 638
45, 881
30, 472
34, 356
318
80, 021
85, 524
41, 745
30,235
40, 173
309
91, 535
98, 615
51, 586
38, 963
56, 399
437
90, 092
104, 604
57, 129
40,232
60, 675
690
109, 558
107, 290
61, 419
42, 713
71, 055
1,162
105, 876
71, 626
2,547
40, 624
4,492
574
7,543
583
7,647
540
7,042
571
7,474
702
9,224
587
7,710
600
7,884
543
7,129
521
6,823
571
7,500
545
7,148
421, 562
243, 050
144, 225
286, 027
55,790
44, 920
422, 311
246, 076
141, 432
293, 280
52, 414
45, 129
431, 443
251, 172
145, 088
290, 427
59, 615
45, 345
431, 914
252, 812
143, 034
292, 307
58, 930
45, 568
448, 387
257, 149
154, 870
311,916
58, 457
45, 858
441, 354
258, 047
146, 783
289, 318
62, 143
46, 093
429, 188
254, 859
137, 976
281, 240
60, 261
46, 310
454, 235
260, 606
157, 059
307, 210
59,123
46, 545
449, 942
261, 586
151, 080
299, 165
61, 148
46, 746
457, 793
263, 022
157, 307
306, 503
61,220
46, 961
460, 582
264, 035
158, 688
304, 354
64, 294
47, 175
454, 265
261, 072
155, 069
301, 554
61, 979
47,406
18, 072
15, 555
1,741
18, 447
15, 861
1,856
18, 267
15, 552
2,023
17, 843
15, 513
1,660
19, 733
17, 479
973
17, 552
15, 953
737
16, 996
14, 880
1,302
19, 859
16, 332
2,677
18, 920
15, 825
2,254
19, 598
16, 446
2,300
20,042
16, 535
2,660
18, 110
16, 574
714
2,595
1,967
377
2,743
1,794
701
2,733
1,721
761
2,781
1,853
668
3,011
1,862
864
2,676
2,104
301
2,452
1,972
220
2,933
2,068
599
2,579
2,088
236
2,771
2,131
367
2,902
2,123
521
2,769
2,128
364
2, 557
2,179
255
2,611
2,320
159
2,652
2,112
426
2,672
2,249
300
2,998
2,353
540
2,754
2,272
333
2,635
2,198
351
2,893
2,306
466
2,689
2,275
296
2,743
2, 317
306
2,875
2,302
452
2,761
2,272
374
60, 765
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
thous. of dol__
Station revenues
. __
do
Tolls, message
do
Operating expenses, before taxes _ .
do
Net operating income
do
Phones in service, end of month
thousands.Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues.
thous. of dol__
Operating expenses, incl. depreciation ... _do_ ._
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
-_ do
Operating expenses, incl. depreciation.
do
Net operating revenues
_ _
do
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
short tons. _ 222, 430
Calcium carbide (commercial)
_ _ do
58,435
77, 697
Carbon dioxide, liquid, gas, and solid
do
243 403
Chlorine, gas
do
Hydrochloric acid (100% HC1)
. . . do
59, 504
Nitric acid (100% HNOs)
do _.
Oxygen (high purity)
mil. of cu. ft
Phosphoric acid (50% HsP O4)
short tons Sodium carbonate (soda ash) , ammonia-soda process
(58% Na2O)
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)— -thous. of short tons_.
Price, wholesale, 66°, tanks, at works
doL per short ton
Organic chemicals :<?
Acetic acid (synthetic and natural) , production
thous. of lbAcetic anhydride, production
do
Acetylsalicylic acid (aspirin) , production _ _do- _
Alcohol, ethyl:
Production
_. thous . of proof gal
Stocks, end of month, total
do
In industrial alcohol bonded warehouses do _
In denaturing plants
do
Used for denaturation
- do _.
Withdrawn tax-paid
do
Alcohol, denatured:
Production
thous. of wine gal
Consumption (withdrawals)
. do
Stocks, end of month
do
210, 938
59, 578
69, 420
244 252
61,871
230, 098
60, 915
59, 186
260 052
64, 482
238, 463
58,857
46, 477
250 952
62, 998
253, 687
60, 516
44, 834
259 445
66, 372
270, 363
62, 388
42, 666
260 357
67, 494
249, 398
53, 804
40, 551
232 826
62, 751
285, 239
72, 522
53, 81 3
269 319
69, 599
286, 567
71, 923
58 644
235 158
59' 266
296, 799
74, 505
73, 859
294 847
71, 677
261, 285 236, 759
77, 527
73, 941
80, 244 r«• 91, 906
292 908 291,424
73, 362 >• 68, 693
237, 202
74,634
96, 362
295 492
66,577
166, 192
1,723
232, 995
167, 012
1,694
219, 823
184, 188
1,932
245, 893
193, 343
1 998
257, 550
199, 140
2 214
264, 317
213, 732
2 349
276, 286
190, 108
2 132
289, 323
206, 932
2 466
312, 208
201 956
2 422
311 551
191, 743
2 422
306, 851
178, 428
2,326
261, 312
173, 595
2,249
197, 401
172, 921
2,397
244, 502
374 831
7,049
284, 240
390 280
7,263
286 262
408, 559
8,452
299, 587
399 961
7,913
292 587
385 270
8,707
300 604
385 787
9,000
301 769
359 569
8 181
275 326
420 085
9, 538
317 245
387 242
9 657
278 266
442 594
10, 734
336 554
416, 147
10, 289
338 232
380, 422
9,690
330, 413
392, 964
9,967
332, 422
39, 983
60, 910
55, 728
49, 760
53, 066
49, 451
50,490
62, 841
48, 451
54,900
56, 923
40, 905
42,680
62, 930
63,000
71, 948
71,116
71, 485
75, 973
69, 511
68,483
66, 972
72, 365
66, 925
63,263
65,990
1,097
1,121
1,183
1,255
1,300
1,313
1,266
1,388
1,339
1,373
1,255
1,122
1,202
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
P 22. 35
36, 111
61, 777
1,136
44, 691
69 282
1,151
42, 002
69, 104
1,250
41, 502
66 302
932
41,069
63, 578
1,142
43, 071
67 886
1,194
36 944
60 353
1,202
48, 100
78 590
1,509
45 256
72 127
1,217
41, 621
70 477
1,413
43, 729
67, 664
1,406
43, 987
66, 359
1,099
32, 850
57, 517
36, 451
21,066
29, 956
30, 650
56 552
35, 996
20, 556
29, 825
28, 793
53, 587
32, 887
20, 700
29, 733
33, 552
54 089
33, 881
20 208
32, 386
33, 651
53 911
33, 636
20, 275
31, 839
35, 304
52 111
31, 705
20 406
35, 045
33, 015
53 057
31, 780
21 277
32 792
35, 615
48 093
27, 300
20 793
37, 855
37, 784
49 717
27 988
21 729
36 230
39, 523
51 873
30, 904
20 969
35 023
35, 855
44, 842
31, 257
13, 585
40, 970
650
795
36, 761
49 984
28, 545
21 439
37, 046
902
720
36, 253
38,560
24, 877
13,683
39, 225
1,007
' 16, 189
r 15, 886
7, 002
16, 106
16,817
6,276
16, 060
16, 805
5, 512
17, 471
17, 368
5,500
17, 173
17, 340
5,434
18, 862
19, 346
4,934
17 677
17, 174
5 455
20, 404
20, 644
5 238
19 504
20, 156
4 504
18 878
19, 382
4 Oil
19 989
18, 585
5 267
22, 180
18, 874
8 642
21, 140
21, 476
8 383
9,565
9 359
7,336
51, 599
77, 226
8,934
9 319
8 395
55, 206
95, 422
11,064
10 456
4,571
60, 605
111,366
10 167
9 216
9 006
55, 756
104, 641
10 681
10 703
6 171
72, 854
104, 700
13 014
r 10 673
6 639
74,909
99, 344
8,538
11 334
7 017
82, 831
74, 744
18, 566
14 836
30, 073
17 275
14 642
28, 391
20, 032
16 306
28, 699
18 345
15 692
26 913
20 461
15 848
27 061
21 384
16 055
28 688
15 608
14 165
25 880
192
16, 740
29,339
16, 071
24, 851
r
r
923
854
941
984
755
8,992
9,752
10, 682
9,240
9,188
Creosote oil, production
thous. of gal
6 459
6 036
5 526
6 444
DDT production
thous oflb
6 610
5,105
5,952
7,125
6,212
6,960
Ethyl acetate (85%), production
do
54, 032
59, 353
51, 284
56, 495
56, 411
Ethylene glycol, production - _
___ do
84, 910
94, 720
88, 716
92, 551
82, 786
Formaldehyde (37%HCHO), production
do
Glycerin, refined, all grades:
16, 294
17, 721
20, 660
17, 031
16, 477
Production
do
15 144
15 201
14 742
15 408
14 991
Consumption
do
31, 324
30, 379
30, 227
35, 551
38, 950
Stocks, end of month
_ _ _
_ do
Methanol, production:
176
177
184
163
Natural
thous. of gal-160
16, 974
15, 319
16, 464
12, 896
Synthetic
_
do _ - - 12, 979
24, 647
24, 072
22, 136
28, 376
Phthalic anhydride, production
thous. of lb_. 19, 129
' Revised.
* Preliminary.
9 Includes data not shown separately.
cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless
703
672
927
170
157
167
15, 393
25, 798
13, 825
24, 976
185
15, 531
30, 450
15, 886
29, 263
otherwise indicated.
186
181
17,463
31, 582
SURVEY OF CUKEENT BUSINESS
October 1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
DecemSeptemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
S-25
1955
January
February
March
April
May
June
July
August
September
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
152
*00 105
39, 477
"346, 419
11, 358
300
364 339
29, 881
323, 734
6,858
508
453, 853
20, 585
420, 435
9,030
511
369
487
225, 276 '298 950 283, 845
22, 733
49, 490
32, 820
177, 964 ' 259, 139 216, 270
10, 759
10, 529
12, 214
786
313, 456
97, 057
172, 074
21, 039
1,839
273, 003
59, 568
183, 344
24, 519
1,650
364 240
76,515
268, 969
11, 172
1,001
321 185
48, 403
257, 181
12 160
559
231 041
33, 511
177, 583
9,242
241
277 402
31, 568
206, 699
35 078
•141, 624
Imports, total 9
do
Nitrogenous materials, total
_ _
do
94, 905
Nitrate of soda
do
31 550
Phosphate materials
_. _ _ _ _
do _.
11,610
a ig 705
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol. per short ton. 53.00
202 152
139, 914
37 439
9,175
31 925
155, 497
100, 361
33 725
8,690
24 381
196, 532
152, 750
52 302
13, 502
19 340
214,033 rr228 075
189, 058 190, 506
84 555
59, 359
8,986
9,294
5 498
12 868
236, 247
165, 449
49 463
11, 194
41 339
353, 695
256, 702
70 535
20, 126
48 161
241, 269
177, 029
61 015
9,712
25 904
322 904
160,943
71 768
8,030
15 778
164, 745
113, 116
52, 914
2,536
12 104
146 927
80, 698
42, 876
15, 898
28 107
53.00
51.25
51.25
51.25
51.25
51.25
51.25
51.25
51.25
51.25
51.25
v 51. 25
Potash deliveries.
Superphosphate (100% A.P.A.)cf
Production .
_
Stocks end of month
137, 309
167, 285
150, 221
154, 317
187, 873
200, 116
266, 832
235, 857
164, 411
61, 750
93,209
115, 859
151, 945
299 071
159, 330
286 856
184, 713
277 595
192, 554
295 719
206, 309
326 579
209, 017
347 161
210, 165
347 728
228, 764
274 322
233, 572
221, 442
210, 818
248 022
143, 181
289, 542
93, 769
291, 246
136, 722
292, 200
722
60 424
754
59 571
937
58, 619
1 083
57 824
980
53, 594
1,017
52, 571
810
53, 167
876
58,535
685
62, 651
346
65,632
280
68,967
315
60,043
478
74, 622
462
3 289
439
3 229
454
3 240
467
3 210
478
3 228
447
3 214
400
3 201
435
3 091
438
2 996
456
2 925
425
2,875
488
2,887
501
2,943
306 729 r 326, 449
' 130, 872 r 135, 825
233 363 224 215
r
356, 388
r
918 ''426,417 1 465, 537
133, 757 •"133,596 i 193, 206
223 411 r 254, 218 1 412, 194
1
417, 837
1
197, 710
1
Consumption (10 States) 0
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials
thous of short tons
short tons
do
do
do
0
short tons - 124, 035
._
do
do
f
r
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous of Ib
High explosives
do
Sulfur (native):
Production
thous. of long tons
Stocks (producers') end of month
do
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production^
Consumption, factoryt
Stocks, end of month
Greases:
Production t
Consumption, factoryt
Stocks, end of "month
Fish oils:
Productiont
Consumption, factory
Stocks end of month
thous. of Ib
-. do
do
r
130, 890
213, 063
T
do
47 812 T 47 532 r 50, 148
do. __ ' 24, 437 ' 24, 717 r 28, 879
do
71 630
66, 338
72 888
_
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production, crudet
Consumption, crude, factory^
Stocks, end of month :t
CrudeJ
_
__
Refined §
Exports
Imports, total
_ _
Paint oils
All other vegetable oils
Copra:
Consumption, factory
Stocks, end of month
Imports
Coconut or copra oil:
Production:
Crude
__
_.
Refined
Consumption, factory:
Crude t
Refined
.
Stocks, end of month:
Crude
Refined
Imports _ _ _
_ .
r
do
do
do
mil. of Ib
do.__
do
do
54 744
27,914
73 142
T
r
r
56, 556
27, 550
75, 025
T
(2)
2
(2)
f2)
(2)
(2)
(2)
(2)
(2)
2
2
2
()
3
( )
( )
( )
3
(2)
(2)
(2)
3
3
1
403, 658 '1366,773
1
196, 409 irl 151, 030
1
1424,471
1200,406
394, 025 390,904 1370,588
(2)
(2)
(2)
(2)
(2)
(2)
3
40, 574 r3 33, 986
9 989
11,438 3 10, 968 r'3 3 9, 337
61, 779
368,129
36 045
3
(22)
(2 )
()
3
21, 077
39,653
68, 743
6, 698
11,074
r
65 108
532
8, 275
3
51, 494
312
8, 391
3
47 554
599
533
579
536
551
f-521
547
524
487
489
493
564
441
486
443
496
415
495
390
391
414
447
599
924
677
834
669
799
674
806
671
689
645
714
617
703
579
656
514
564
'490
479
485
429
41, 952 120, 900 r!38 828 124, 960 r 95, 711 r 168, 751
38, 281 54, 026 r 47, 026 34.006 r 40, 053
45, 306
3,058
2,049
6,607
3,868
1,058
6,858
34, 413
52, 968 ' 40, 420 30, 948 r 38, 005 38, 448
27, 248
40, 233
1,402
38, 832
26 052
38, 601
2,602
36, 000
50, 809
42, 447
2,766
39, 681
77,636
45, 936
2,194
43, 742
111,215
36, 639
3,503
33, 136
380
M17
440
435
593
1,018
575
933
r
r
r
1
454, 822 1 410, 136 1 424, 815
1 203, 837 i 196, 426 1 208, 264
415, 127 i 415, 106 1 409, 530 1410 501
7, 695
13,625
66 107
26 088 ' 29, 069
10, 269
13, 149
51 260
65 710
thous. of Ib « 72, 232
do_ _. 43, 901
2,078
do
41, 823
do
r
r
389
T
14, 703
11,340
56 222
r
3
3
3
3
345
10, 564
46 141
3
3
r
1 415
12, 732
36 962
3
3
3
short tons
do.
do
24, 327
20, 446
24, 558
30, 072
27, 508
34, 016
33, 811
21, 808
29, 533
25 257
16, 133
24 148
27 678
16, 053
24, 998
29, 211
16, 579
25 448
22, 415
15, 736
19, 810
28, 344
15, 313
34, 819
31, 089
16, 674
25, 234
28 Oil
19, 231
31, 743
32, 933
18, 474
30, 524
22, 926
22, 292
28, 115
31,203
17, 697
thous. of Ib
do
31, 097
30, 092
38, 365
32, 933
43, 159
30, 698
33, 216
25 685
35, 537
27 441
36, 747
28, 899
28, 737
27, 596
36, 068
32, 005
40, 438
28 240
36, 056
29 282
41, 327
30, 955
29, 144
23,909
39, 835
38, 211
40, 957 f 42, 061
22, 382
25, 021
43, 613
24, 231
43, 043
24, 327
49,801
28, 476
43, 342
27, 496
46 344
29, 755
46, 234
26, 402
34, 598
21, 431
54, 334
33, 155
f 45, 525 f 49, 382
28, 561
28, 770
do
do
do
do
do
Cottonseed:!
Receipts at mills
.. thous. of short tons
Consumption (crush)
do
Stocks at mills, end of month
do
Cottonseed cake and meal:J
Production
__
short tons
Stocks at mills, end of month
do
Cottonseed oil, crude :J
Production
_ _
_ _
thous. of Ib
Stocks, end of month
do
Cottonseed oil, refined:
Production
.
do
Consumption, factory
do
In margarine
do
r
r
r
48, 080
27, 433
T
52, 334
9 314
13, 524
48 770
9 982
14, 665
52 343
10 318
16, 277
63 336
11 129
18, 019
68 733
10 344
6,402
68 715
11 982
10, 459
61 012
11 772
14, 617
68 573
11 844
12, 225
73 996
11 054
9,633
73 119
9 554
9,835
78 603
10 174
14, 265
84 979
12 760
10, 969
85 529
13 242
'451
f 251
'429
1,243
532
1,140
1,503
684
1,959
1, 142
659
2,442
488
609
2,321
119
598
1,842
84
514
1,412
36
438
1,010
13
318
705
7
285
422
19
197
243
131
165
209
349
212
345
121, 573
192, 623
260, 531
204, 976
330, 412
243, 422
320 340
251, 547
294 034
245, 510
293 109
242, 133
254 430
257, 064
218 928
278, 909
154 119
273, 098
139 630
266, 945
95, 378
237, 998
78 293
203, 090
103, 409
169, 703
' 83, 171 165, 418
35, 881
70 954
219, 744
105 742
215 781
144 267
196 923
146 394
196 278
141 494
169 946
145 221
150 978
125 738
110 834
106 593
101 987
96 409
67, 251
73 552
56 962
53 915
70, 391
58 955
108, 518
154, 430
38 980
161 362
148, 136
33 553
161 193
156, 937
33 557
157 682
146, 167
29 997
159 433
144, 295
28 524
141 252
141, 288
25 294
161 402
138, 285
28 949
117 110
119, 302
19 165
105 709
135, 366
21 325
87, 033
134, 560
20 718
59 120
95, 852
14 330
57, 996
105, 137
16 336
82, 186
147, 206
29, 253
Stocks, end of month §t
mil oflb
888
825
817
668
661
562
287
713
546
568
527
433
344
Price, wholesale, drums (N. Y.)
dol. per lb._
.215
.219
.204
.199
.207
.222
P. 201
.210
.203
.206
.206
.198
215
Revised.
r> Preliminary.
i Beginning 1955, data include greases (other than2 wool) and both crude and refined products (except that production
figures exclude refined lard); refined products (not included prior tu
1955) are no longer reported separately from crude.
Beginning 1955, data are included with animal fats; see note 1. 3 Beginning 1955, data may include some refined fish oils (not formerly
included); figures included for consumption and stocks of cod, cod-liver, and other liver oils are incomplete.
(B States represented are: North Carolina, South Carolina, Georgia, Florida. Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1955—January-March, 287; April-June, 349.
9 Includes data not shown separately.
cf A. P. A. (available phosphoric acid).
J Revisions for January -July 1954 (August 1953-July 1954 for cottonseed and products) will be shown later.
§0 Includes stocks owned by the Commodity Credit Corporation.
Revisions for 1954 (units as above): Exports—fertilizers (total), April, 252, 514; phosphate materials, April, 222,848; vegetable oils, May, 110,713; imports—fertilizers (total), January, 238,752
potash materials, April, 38, 127.
r
SURVEY OF CUEKENT BUSINESS
S-26
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1955
1955
1954
DecemOctober NovemAugust September
ber
ber
January
February
May
April
March
June
July
August
September
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Con.
Flaxseed:
Production (crop estimate)
thous. of bu _
Oil mills: t
Consumption
_ _
do
Stocks, end of month.
do
Price, wholesale, No. 1 (Minneapolis) _dol. perbu..
Linseed oil, raw:
Production J
thous. of Ib
Consumption, factoryt
do
Stocks at factory, end of month \ .
do
Price, wholesale (Minneapolis)
_.dol. perlb..
Soy beans:
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, refinedt
do
Stocks, end of month:
Crude
do
RefinedJ
, _
do.. .
Price, wholesale, refined (N. Y.),
dol. per Ib
Margarine:
Production
thous. of Ib
Stocks (factory and warehouse), end of mo. .do
Price, wholesale, colored, delivered (eastern U. S.).
dol. per lb.Shortening:
Production
._ .
.thous. of lb_.
Stocks end of month
do
2
i 41, 534
3, 545
1,946
3.47
69, 697
43, 384
218,100
.160
r
2,752
5, 292
3.38
2,341
4,550
3.35
1,884
4,276
3.36
3,138
2, 559
3.25
1,861
1, 654
3.24
2,014
1,006
3.34
1, 552
1,035
3.35
2, 023
1,807
3.29
2, 635
3,034
3.15
58, 487
54, 165
44, 324 * 39, 961
214, 023 186,697
.135
.126
46. 204
34, 933
181,927
.123
37, 058
40, 974
164, 731
.125
59, 703
43, 533
171, 597
.123
36, 801
45, 085
161, 853
.125
40, 707
43, 619
139, 750
.131
30, 891
50, 888
110, 324
.131
41, 248
45, 991
62, 259
.132
52, 553
46, 629
63, 138
P. 135
342, 795
21, 181
44, 613
21, 483
33, 243
19, 777
24, 355
19, 525
17, 549
20, 031
12, 912
21, 012
10,200
22, 119
10, 775
21, 347
10, 541
19, 891
7,201
227, 765
204, 180
197, 029
230, 957
205, 325
192, 795
214, 068
187, 174
185, 616
210, 643
219,803
219, 097
218, 083
199, 755
194, 676
229, 163
217,411
211, 230
243, 635
224, 826
216, 075
235, 756
182, 704
166, 083
219, 494
213, 451
190, 072
109, 116
66, 755
.195
118, 602
80, 090
.194
128, 114 107 732
68, 183
73, 078
. 194
. 187
104, 438
66, 197
.186
94, 695
64, 702
. 188
83, 164
67, 247
.191
119, 559
67,093
.185
113, 578
78,623
p.lSl
3,575
4,009
3.39
4,058
2,718
3.41
79, 719
54, 262
224, 903
.152
2,988
6,085
3.37
68, 821
41, 527
195, 183
.145
r
r
r
1
14, 795
4,894
r
166, 116
171, 296
170, 420
11, 140
9,218
r
125, 318
148, 712
169, 841
21, 735
37, 312
T
235, 894
198, 863
201, 222
22, 197
50, 740
r
239, 625
210,262
204, 723
117, 683
78, 679
.213
73, 503
53, 722
.203
91,115
54, 679
.203
96, 887
59,988
. 192
105, 344
23, 762
118, 051
19, 824
117, 979
23, 615
134, 717
19, 952
r
r
2
116, 346 124, 476
27, 279 3 23, 763
119,803
25, 467
3
125,781
28, 390
3
104, 407
26, 428
3
112,569
23, 484
3
105, 024
25, 580
3
3
79, 699
24, 252
3
.283
.283
..270
.267
.273
.273
.273
.273
.273
.273
.273
.273
.273
164, 422
96, 260
182, 323
108, 083
186, 148
106, 657
178, 888
122,760
172, 515
3
119, 826
168, 263
3
128, 537
187,778
3
150, 179
159, 921
3
158, 191
182, 210
3
145, 034
188, 782
3
154, 234
121, 993
3
138,949
151, 447
3
149 813
PAINTS, VARNISH, AND LACQUER
Factory shipments, total
thous. of dol
Industrial sales
_. _do.._
Trade sales
do
121, 584
45,042
76, 542
114, 934
42, 925
72, 009
107, 498
43, 390
64, 108
103, 132
43, 448
59, 684
93, 633
41,811
51,822
109, 796
45, 017
64, 779
104, 023
44, 363
59, 660
133,311
54, 072
79, 239
135, 089
53, 096
81, 993
143, 397
54, 443
88, 954
149, 721
56, 336
93, 385
124, 563
47, 208
77, 355
137, 509
55. 279
82,230
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
thous. of lb.
Molding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes
do _
Other cellulose plastics
do
2,962
7,134
366
548
3,430
7,840
362
586
3,074
7,520
332
416
3,096
7,350
316
508
3,662
6.470
329
452
3.290
6,908
414
553
3, 215
7,177
364
559
4,281
7,422
483
744
3, 265
7,574
427
584
3,247
7,758
403
561
3,903
7,723
415
333
2,283
6,271
260
313
28, 824
31, 808
18, 073
34, 341
27, 540
9,396
26, 581
33, 519
37, 352
19, 588
44, 389
27, 411
9,767
27, 773
33, 057
39, 196
21, 132
48, 970
27, 943
9,702
32, 671
32, 893
36, 495
21,281
46, 532
28,487
10, 259
33, 204
33, 010
35, 205
20, 344
49, 773
30, 285
9,209
36, 105
34, 394
36, 860
20, 698
53. 782
31, 441
11,353
35, 806
37, 195
36, 360
20, 676
51, 650
31, 909
10, 478
37, 041
41. 459
44, 185
24, 956
59, 767
38, 899
12, 126
42, 259
39, 448
41, 824
23, 711
56, 773
38, 835
12, 096
47, 846
39, 876 ' 41, 994
42, 273
42, 550
21, 231
22, 636
56, 118
61, 731
38, 444 r 39, 136
11, 665
11, 820
47, 143
48, 750
30, 482
35, 764
16,981
54, 818
33, 151
12,312
44, 415
do
do
do
do _
do
do _
do
374 816
91 592
20, 632
160, 463
104, 414
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkyd resins
Rosin modifications
Miscellaneous
42 985
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. of kw.-hr. Electric utilities total
do
By fuels
do
By water power
do
47, 196
41, 182
32, 844
8,338
45, 489
39, 539
31,737
7,802
46, 725
40, 459
32, 625
7,834
46, 440
40, 209
32, 093
8,116
49, 890
43, 449
34, 402
9,047
50, 404
43, 955
34, 526
9,429
46, 269
40, 230
31, 659
8,571
51,153
44, 449
34, 051
10, 399
48, 376
42, 035
31, 567
10, 468
49, 939
43, 354
33, 539
9,815
50, 725
44, 234
34, 525
9,709
50, 924
46, 625
37, 275
9,350
55, 917
49, 353
39, «21
9,532
Privately and municipally owned utilities.-- do
Other producers (publicly owned)
do
34,288
6,893
32, 969
6,570
33, 986
6,473
33, 881
6, 329
36, 308
7,140
36, 294
7,661
33, 230
7,000
36, 248
8,201
34, 257
7,778
35, 326
8,028
36, 012
8,222
37, 848
8,777
40. 179
9,175
6,014
5,697
317
5,949
5,652
297
6,266
5,934
332
6,231
5,861
370
6,441
6,020
421
6,448
6,139
309
6,039
5,742
296
6,703
6,375
329
6,341
6,017
324
6,585
6,277
308
6,490
6,204
286
6,299
6, 052
247
6,563
6,309
254
35, 061
35, 198
35, 148
35, 392
37, 092
38, 198
37, 654
38,283
38, 140
38, 127
38, 850
39, 557
6,668
17, 060
6, 659
17, 172
6,379
17, 553
6,141
17, 694
6,279
18, 250
6,384
18,414
6,311
18, 133
6,269
19, 253
6,225
19, 496
6,240
20, 248
6,586
20,778
7,601
20, 551
351
8,588
1,236
305
801
52
349
8,723
1,118
328
798
51
364
8,740
895
364
804
49
391
9,200
720
389
813
44
440
10, 203
637
417
820
46
437
11,071
601
421
829
40
399
10, 958
605
379
822
48
416
10, 375
719
371
830
51
374
9,917
928
334
817
50
365
9,208
879
314
822
49
370
8,975
958
296
837
52
335
9,262
1,160
305
833
49
647, 704
661, 284
Industrial establishments total
By fuels
By water power
do
d©
do
Sales to ultimate customers, total (Edison Electric Institute)
mil of kw -hr
Commercial and industrial:
Small light and power
do
Large light and power
do
Railways and railroads
Residential or domestic
Rural (distinct rural rates)
Street and highway lighting
Other public authorities
Interdepartmental
-
do
do
do
- do. do
do -
Revenue from sales to ultimate customers (Edison
Electric Institute)
- thous. of dol .- 616, 891 621, 259 618, 463 620, 428 644, 528 660, 153 655, 779 651, 058 644, 841 639, 059
r
Revised.
p Preliminary,
3
Begin]ning Janu ary 1955 e xcludes qiaantities 1leld by co nsuming factories.
i December 1 estimate of 1954 crop. 2 October 1 est imate of 1955 crop.
(units as above): Margarine, 26,960; shortening, 119,597.
t Revisions for January-July 1954 will be shown latejr.
Compai•able data for December 1954
SURVEY OF CURRENT BUSINESS
October 1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-27
1954
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August September
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured and mixed gas (quarterly ):cf
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
Natural gas ( quarterly ):c?
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
5,835
5,412
421
540
283
252
78, 104
53,422
24, 258
5,741
5,318
420
847
552
289
115, 786
84, 816
30, 345
5,510
5,097
409
1,210
879
323
155, 784
118, 446
36, 572
5,361
4,961
398
827
516
302
110, 431
79, 476
30, 325
21, 240
19, 628
1,588
11, 338
1,588
9,036
414, 570
167, 027
231, 295
22, 159
20, 398
1,734
15, 352
4,723
9,780
695, 511
386, 598
288, 052
22, 498
20, 672
1,799
19, 565
8,715
10, 159
1,021,488
658, 033
344, 245
22, 641
20, 870
1,744
14, 221
3,931
9,602
648, 215
342, 971
287, 646
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Beer:
9,394
8 913
9,210
5 772
7 899
8,284
8,967
Production
thous of bbl
5 638
6 486
8 370
6 216
6 986
6 176
9,025
7,187
8,460
8,608
6,902
7,996
8,112
5,330
Taxable withdrawals
do _ _ _
6,475
6,142
6,440
5^388
7,138
11, 380
11, 000
11, 627
9,647
10, 816
11, 278
Stocks end of month
do
9,162
10, 193
11 391
9 506
9 573
10 779
10 074
Distilled spirits:
r
11,379
9,391
14, 962
13, 155
13, 421
Production
thous. of tax gal
13, 753
15, 671
8 744
15 787
26 958
16, 024
13 267
21 586
Consumption, apparent, for beverage purposes
14,
217
16,915
12,949
15,
505
16,
130
thous. of wine gal
12,
333
15
768
13
753
15
803
17
792
19
541
23
008
10, 951
11, 369
11,419
10, 825
13, 774
8,654
15, 722
13, 403
Tax-paid withdrawals
thous. of tax gal r r 9, 806 13, 487
15,883 10, 667
10, 007
Stocks end of month
do
861 033 854 556 848 142 844 415 840 716 842, 588 843 285 842 565 844 138 844 320 841, 496 838, 800 838,090
1 596
1 983
1 734
2 444
1 802
1 783
Imports
thous of proof gal
2 344
1 374
1 4%
2 006
3 151
1 307
Whisky:
5,550
8, 142
8,915
9,073
8 239
Production
thous of tax gal
10 286
9 470
10 725
10. 122
5 057
6 355
9 263 11 578
r
4,526
6,567
5,267
5,609
5,181
4,742
7 027
Tax-paid withdrawals
do
4 899
7 292
8 610
6,022
5, 361
8 907
Stocks end of month
do
719 114 715 191 712 017 710 071 707 355 708 242 709 665 710 970 713 985 716 078 715 861 715, 550 714, 284
1,484
1,816
1 560
Imports
thous. of proof gal
2 123
1 162
1 258
1*620
1 316
1 834
2 891
2 209
1 613
Rectified spirits and wines, production, total
r
5, 992
7,776
5,652
7 852
6 224
5 485
6 332
thous of proof gal
5 334
10 036
9 821
4 701
7 164
r
4,909
6,810 ' 5, 315
5 718
Whisky
do
4 012
6 445
4 535
6,957
8,910
5 500
4 907
8 868
Wines and distilling materials:
Effervescent wines:
70
266
178
227
212
Production
thous of wine gal
117
49
85
143
118
105
160
78
137
108
97
83
108
Taxable withdrawals
do
159
158
192
229
112
107
1,567
1,401
1,477
1,449
Stocks end of month
do
1, 259
1 072
1 420
1,335
1 175
1 036
1,304
1 333
33
51
Imports
do
42
51
53
127
30
29
35
79
108
33
Still wines:
728
1 267
1 281
Production
do
3 398 26 985 65 505 20 795
3 628
1 945
1 317
1 926
1 620
r
8,929
10, 842
9 999
10 123
10 979
10, 174
12 698
Taxable withdrawals §
do
10 134 r 12 223 r 12 700 r 13' 092
13 167
r
Stocks end of month §
do
124 674 r 140 611 r 197 015 r 203 828 192 400 182 237 172 024 160 347 150 427 140 946 128 475 122, 153
417
539
513
Imports
do
424
544
733
402
410
555
526
792
364
900
Distilling materials produced -at wineries
do
606
9 020
61 975 119 756
6 212
1 938
1 737 3 204
1 530
626
40 197
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 per Ib
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 lb__
Utilization in mfd dairy products
do
Price, dealers', standard grade. _ __dol. per 100 Ib
Dry milk:
Production:
Dry whole milk
thous of Ib
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
109 355
508, 476
.579
92 600
488, 618
.595
87 825
463, 183
.600
86 835
423, 347
.601
96 975
378, 610
.608
107 240
341, 655
.583
101 750
314, 568
.581
119 380
311,462
.579
127 980 156 980
293, 203 308, 154
.579
.579
152 915
334, 501
.578
125, 290 103 310
352, 139 '327,617
.582
.578
295, 377
.590
109 575
84 005
613, 238
578, 765
2 934
91 815
67 135
613, 146
580 089
4 972
85 690
60 540
595, 953
564, 533
4 558
82 530
57 180
579, 933
549 511
6 664
89 370
61 150
548, 850
518 879
5 111
93 295
64 085
522, 676
492, 833
3 509
90 400
63 450
499, 742
470, 092
3 502
110 940
80 760
493, 433
462, 949
5 109
126 430
96 680
501, 090
467, 671
4 195
161 610
128 980
527, 739
493, 909
3,708
157 330
126 000
581, 168
542, 609
3,453
128, 310 112 580
100, 000 84, 720
597, 985 '596,891
561, 482 ••562,419
2,530
589, 273
555, 576
372
376
379
378
374
369
370
370
370
368
368
.368
.368
2 570
239 500
1 930
188 000
2 175
158 750
2 030
1 560
151 250 154 500
2 625
164 000
2 175
174 800
2 950
230 350
2 150
256 500
1 725
2 140
326, 250 303, 750
3,025
256, 750
2,950
227, 500
5 134
410 355
4 762
410 170
5 113
355 473
4 934
290 624
3 773
206 519
4 775
143 494
4 569
104 537
3 895
97 640
5 783
135 026
5 526
258, 438
5 570
357, 514
6,457
412, 415
7,177
448, 700
27
10 488
164
11 923
267
10 526
453
8 307
52
8 227
53
11 373
19
14 079
18 061
o
38
16 612
81
9,866
200
10 205
717
12, 419
5 54
5 55
5 56
5 56
5.56
5.56
5.56
5.57
5.57
5.57
5.57
5.57
5.57
10, 474
3 904
4.82
9,369
3 272
4.96
9,021
3 044
5.01
8,474
2 960
5.03
8,841
3 249
5.03
9,105
3 520
4.98
8,884
3 396
4.93
10, 447
4 095
4.84
11,264
4 485
4.71
13,088
5,591
4.68
12, 665
5 415
4.69
11, 704
4,449
4,80
10, 616
3,774
4,90
7 175
83 500
6 800
65 775
6 640
66, 250
6 100
65 350
7 100
84 800
7 250
95, 400
6,400
90,400
8 150
112, 000
8,700
130, 250
10, 450
169, 450
10, 125
157, 000
8,275
111.100
7,325
94, 700
10 783
71 584
9 624
54 159
8 415
43 804
8 615
40 796
8 245
51, 250
8,238
55, 826
6,712
60 918
7,678
64,126
7,477
88, 341
9, 067
125, 861
10, 773
150, 162
12, 281
140, 501
11, 875
117, 246
4 178
4 782
3 724
10 445
2 821
5 354
2 243
3 130
6 054 r 14 080
2 982
25 699
r
3,616
9 549
3,830
35 616
4,626
22 455
3,196
2 060
3,111
32,575
3,901
17, 066
.389
9,618
5.00
.154
rlnl np.r Ib
.151
153
.154
.154
.154
.154
.153
.152
.153
.153
. 1 55
.153
Revised.
d"Revisions for 1953 and for the 1st and 2d quarters of 1954 are available upon request. Totals include data not shown separately.
§Data include vermouth and aperitif wines other than vermouth. Comparable data for January-July 1954 are as follows (thous. wine gal.): Taxable withdrawals—9,344; 10,269; 12,687;
lfl,717; 10,074; 10,739; 9,304; stocks—194,701; 180,995; 172,018; 161,050; 152,079; 141,897; 132,267.
fnnm TT S n.vp.rn.p-p
r
SUEVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1955
1954
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
234
••233
2 107, 323
537
9,155
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu
Shipments, carlot
_
.no. of car loads _
Stocks, cold storage, end of month
thous. of bu__
197
245
834
6,959
3, 435
30, 896
2,787
30, 995
i 109, 512
2,886
24, 878
2,471
18, 975
2,413
13, 194
2,498
7,793
2,187
4,114
1,860
1,677
810
376
362
212
4,743
Citrus fruits, carlot shipments
no. of carloads. _
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. of lb__ 374, 543
Fruitjuices
do___ 401,550
602, 309
Vegetables
do
Potatoes, white:
Production (crop estimate)
thous. of bu
Shipments, carlot
- no. of carloads _ 11, 887
Price, wholesale, TJ. S. No. 1 (New York)
4.835
dol. perlOOlb..
4,422
5,027
7,269
11,610
9,445
8,678
9,503
9,304
9,731
9,965
8,223
399,606
338, 537
698, 084
413,657
294, 319
709, 915
399,410
253, 837
689, 266
377, 950
248, 001
649, 321
348, 163
296, 333
576, 981
309 152
357^ 503
505, 428
268, 216
386, 726
456, 995
222, 407
451, 283
426, 679
208, 365
513,638
396, 454
250, 582
492, 970
418, 876
14, 864
15, 992
12, 788
i 356, 031
14, 141
18, 281
16, 750
22, 498
20, 865
18, 502
3.089
3.400
3.663
3.698
3.225
3.342
3.750
7.167
6.508
4.131
2.563
21,842
29,743
29,395 ' 41, 430 ' 35, 549 «- 43, 395
52, 778
29,690
29,620
41,461
49, 275
10, 311
7,140
9,112
18, 249
24, 067
6,311
4,671
391, 944 r 440, 672
417, 332 rr362,434
482, 910 605, 154
468, 027
320, 877
680, 726
24, 758 ' 10, 035 '9,463
2 387, 334
11, 630
v 3. 269
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) --thous. of bu__
0
26, 962
Barley:
1370,126
Production (crop estimate)
do
14, 376
28, 856
17, 168
15, 140
10, 070
Receipts, principal markets
do
Stocks, domestic, end of month:
23, 495
24, 258
26, 946
27, 517
20,050
Commercial
do
165, 805
226, 695
On farms
do
3,214
3,160
" 1, 825
2,791
'4, 175
Exports including malt
do
Prices, wholesale (Minneapolis):
1.454
1.397
1.456
1.429
1.420
No. 2, malting..
dol. per bu__
1.378
1.364
1.290
1.290
1. 328
No 3 straight
- - --do Corn:
i 2, 965
Production (crop estimate)
mil. of bu
12, 102
12, 163
11,670
Grindings, wet process
thous. of bu._ 10, 609
10, 918
29, 369
21, 371
53, 835 30, 975
21, 352
Rcceipts principal markets
do
Stocks, domestic, end of month:
14, 831
60,218
18, 052
20,560
50, 873
Commercial
do
2, 070. 2
3 359. 3
On farms
. _.
mil. of bu_.
9,569
3,629 """4," 977" "~3,~ 853"
Exports including meal
thous of bu ~~~6~912~
Prices, wholesale:
1.652
1. 522
1.540
1.481
1.639
No. 3, yellow (Chicago)
dol. per bu_.
1.522
1.462
1.610
1.450
1.601
Weighted average 5 markets all grades
do
Oats:
Production (crop estimate)
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
-
do
25, 750
10, 638
7,231
7,840
24,900
26, 377
1,182,323
345
.758
26, 278
19, 992
348
.786
779
.851
272
.721
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago). dol. per bu_-
Rice:
Production (crop estimate)
thous of bags ^
California:
10, 373 145,678
Receipts domestic rough
thous. of Ib _ 11,471
36, 349
7,676
Shipments from mills, milled rice .
_do_. _ 28, 807
Stocks, rough and cleaned (cleaned basis), end
11, 861 66, 674
of month
thous. of lb._ 13, 287
Southern States (Ark., La., Tenn., Tex.):
447, 848 1,113,665 721,412
Receipts rough at mills
do
172, 842 216, 034 197, 656
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
361.3
821.8 1,071.8
basis) end of month
mil. o f l b _ _
98, 694
74, 435 112, 973
Exports
thous. of Ib
.083
.074
.075
Price wholesale head clesn (N O )
dol per Ib
Rye:
Production (crop estimate)
thous. of bu- _
Receipts principal markets
-do._ _
Stocks commercial domestic end of month do _ _
Price, wholesale, No. 2 ( Minneapolis) --_dol. per bu._
Merchant
mills
On farms
Exports total, including
\Vheat only
flour
I~3l6
12, 115
1.275
54, 867
365, 638
do
mil. of bu_.
thous. of bu-_ Il4~580~
warehouses
thous of bu
do
-do
-do
do
27, 141
23, 121
••"1,351 ~""3~76i~
26,258
2 386, 551
16, 156
21, 184
16, 954
23, 525
31, 574 " 32, 6%
19, 701
3 44, 041
117, 470
5,019 "~3~ 534" " "4^776
5,369 ~~~9," 017"
28, 468
253, 492
1.441
1.350
1.431
1.413
1.439
1.342
1.443
1.342
1.421
1.291
1.412
1.290
1.279
1.180
1.271
1.171
1.240
1.127
10, 954
27, 831
10, 836
19, 423
11, 949
15, 530
10, 621
13, 028
11, 524
18, 433
11,912
19, 683
10, 938
17, 535
12, 541
30,689
2 3, 118
11, 358
28,185
36,803
27, 070 ' 28, 050
938.0
5,666 "~ii~768~
31, 710
3 306. 9
62, 809
63, 192
Ve'oso"
~r$,%5
56, 199
46, 385
41,315
1,410.0
11, 434 "~~4~784" "4,408
1.524
1.448
1.495
1.434
1.463
1.390
1.460
1.439
1.482
1.487
1.473
1.483
1.472
1.490
1.305
1.323
1.307
1. 244
12, 704
8,193
7,159
5,392
6,629
8,371
23, 146
22,109
2 1, 636
8,727
20,055
20,448 20, 499
17, 886
15, 866
922, 637
553, 252
701 "~~i~862~ ""i,"260"
3, 061 "~i,~782"
.814
.797
.712
.839
.771
14, 498
15, 833
3249,507
3, 237
.710
23, 085 ' 38, 217
1,527
.708
37,581
1,292,047
853 ""I," 042"
12, 161
12, 047
1.370
1.428
1,500
10, 510
"2, 049
(4)
.578
23, 349
43, 754
22, 693
7,241
24, 692
i 58, 853
0
17, 952
« 14, 960
47, 508
195. 878
29,456
.610
2 50. 233
93, 881
29,233
85, 457
33, 125
31, 945
28, 489
129, 028
70, 745
125, 049
133, 373
119, 108
101, 451
142, 168
93, 542
133, 772
117, 056
89, 733
59, 811
96, 857
117. 630
109, 027
127, 276
85, 952
67, 491
72, 047
47, 693
49, 203
17, 510
173, 728
121, 645
62, 941
98, 056
50, 954
113, 344
61,315
112, 015
58, 409
133, 727
18, 276
115, 091
10, 437
88, 903
15, 054
65,285
12, 660
71, 627
238, 219
120, 707
1, 049. 6
61,983
.094
987.9
44,623
.094
916.5
42, 515
.094
784.8
25,011
.094
653.8
112, 005
.094
610.1
75, 114
.105
599.2
123, 393
.113
495.9
76, 788
.113
389.4
137, 272
.113
p . 093
i 23, 688
921
10, 940
1.300
1,296
8,984
1.420
419
9,374
1.396
206
8,779
1.322
282
8,498
1.246
291
6,679
1.233
858
6,496
1.142
2,877
8,673
1.042
1,638
9,138
1.046
2 28, 448
902
8,932
1.112
57, 958
2 915. 3
2 226. 1
2 689. 4
36,015
""i'ios
11,662
1.321
360.6
1
mil of bu
-do
do _ _
thous. of bu._
_ _do_ __
-
8,975
1
mil of bu
__thous. of bu__
Wheat:
Production (crop estimate) total
Spring wheat
Winter wheat
Receipts, principal markets
Disappearance
Stocks, end of month:
Canada, (Canadian wheat)
United States, domestic, totalcf
Commercial
Interior mills, elevators, and
16, 321
22, 438
969. 8
i 179. 0
!790. 7
25, 923
211, 230
28, 032
19, 823
27, 482
252, 208
24, 105
38, 436
45, 199
196, 545
101, 574
335, 421 334r 158 337, 675 354, 877 357, 151 348, 267 333, 891 328, 052 322, 419 3 340, 896 360, 443 372, 783
1, 214. 5
1, 020. 0
1, 676. 6
1, 465. 9
422. 772 "413," 494 "387," 159" 374. 369 ~366~942~ "356,~237" 351. 913 ~35l~ 749" "364," 462" 3380,409 "427," 416" ~446~093~ "448," 678
539, 152
158, 981
429, 474
15, 075
12, 074
430, 732
101, 475
207, 920
518, 051
126, 382
315,689
20, 924
17, 082
21, 603 rr 26, 544
17, 527
22, 643
T
r
24, 567 r' 27, 907 33, 109
21, 149
23, 828 28, 184
3398,623
3 60, 144
3 38, 241
19, 498
14, 373
18,904
14, 745
26, 798
22, 383
~"415~6li»
26, 051
22, 376
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.621
2.747
2.729
2.695
2.708
2.758
2.756
2.668
2.742
2.734
2.505
2.578
2.708
2.478
dol. per bu_2.411
2.439
2.443
2.151
2.352
2.389
2.410
2.456
2.461
2.531
2.190
2.160
2.465
2.155
No 2 hard winter (Kansas City)
do
2.147
2.204
2.101
2.266
2.280
2.338
2.230
2.278
1.948
1.968
1.945
1.923
2.162
2.205
No 2 red winter (St Louis)
do _
2.263
2.672
2.678
2.646
2.610
2.593
2.666
2.428
2.445
2.578
2.659
2. 635
2.603
2.397
Weighted avsr.. 6 markets, allerades
do
r
2
Revised.
» Preliminary.
* Estimate of 1954 crop.
October 1 estimate of 1955 crop.
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.
9 Bags of 100 Ib.
d"The
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.
a
Revisions for 1954 for exports of grain (thous. bu.): Total (barley, corn, oats, rye, wheat)—January, 19,679; July, 31,487; barley— July, 4,484; wheat, including flour—January, 12,217;
July, 21,257; wheat only—January, 9,433; July, 17,739.
SURVEY OF CURRENT BUSINESS
October 1955
S-29
1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
DecemOctober NovemAugust September
ber
ber
January
Febru-
ary
March
April
May
June
July
August
September
FOODSTUFFS AND TOBACCO— Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous of sacks (100 Ib )
Operations, percent of capacity
Offal
short tons
Grindings of wheat
thous of bu
Stocks held by mills, end of quarter
thous of sacks (100 Ib )
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 Ib.)-Winter hard short patents (Kansas City) do
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 Ib
Steers, stocker and feeder (Kansas City)
do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals-Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb~
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog._
Sheep and lambs:
Slaughter (federally inspected)
__thous. of animals
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago) _ _ . __dol. per 100 Ib _
Lambs, feeder, good and choice (Omaha)
do
18, 470 r 17, 612
'82.6
78.8
371, 280 ' 356, 099
18, 615
76.0
371, 633
18, 786
80.4
380, 751
19, 733
88.2
397, 086
19,688
88.0
397, 719
19, 216
85.9
387, 185
19, 174
78.3
382, 856
19, 156
85.6
384, 216
17, 714
83.1
356, 211
19, 884
81.1
394, 156
17,428
78.1
347, 874
17, 523
78.4
349, 892
43, 752
45, 846
45, 805
44, 656
44, 524
44, 567
41, 186
46, 104
40, 443
40, 691
42, 944
1,284
5,232
1,288
1,649
1,749
4,661
' 1, 674
1,467
1,750
4,713
2,114
2,199
1,785
4,111
1,895
1,577
6.685
5.995
6.830
6.175
6.925
6.295
6.940
6.235
6.910
6.325
6.755
6.205
6.650
6.025
6.805
6.095
6.645
6.060
6.990
6.225
6.800
6.030
6. 755
6.030
P6.150
p 5. 770
649
1,635
2,736
314
706
1,638
2,878
540
738
1,616
2,993
939
694
1,602
2,980
815
639
1,583
2,177
355
563
1,521
2,322
294
517
1,313
1,767
171
660
1,524
2,086
212
596
1,452
2,040
272
588
1,560
2,277
236
611
1,641
2,122
149
550
1,524
1,956
169
646
1,797
2,596
«257
710
1,752
23.71
17.88
21.75
25.00
18.10
22.00
25.42
18.84
22.50
26.11
19.63
20.00
26.21
19.23
21.00
26.12
20.40
27.00
24.46
20.46
29.00
24.12
21.28
25.00
23.36
21.25
26.00
22.18
20.01
24.00
22.15
19.03
23.00
22.52
18.19
22.00
22. 33
17.69
p 23. 00
22.67
17.97
3,852
2,251
4,743
2,496
5,178
2,746
5,841
3,308
6,119
3,315
5,519
3,183
4,638
2,587
5,491
2,924
4,472
2,473
4,164
2,337
3,713
2,140
3,428
1,929
4,475
2,519
5,144
20.50
19.51
18.66
18.39
16.97
16.51
15.91
15.90
16.48
16.39
17.54
16.12
15.31
15.75
13.8
12.9
12.7
13.5
12.2
12.1
11.7
11.3
12.2
11.7
13.1
11.9
12.1
12.7
1,207
1,391
248
1,290
1,806
631
1,291
1,841
539
1,160
1,323
344
1,167
1,192
185
1,223
1,334
226
1,080
1,029
135
1,244
1,166
120
1,180
1,302
156
1,228
1,246
113
1, 205
1,110
96
1,076
1,043
147
1,239
1,288
«259
1, 344
19.50
17.67
19.50
17.46
19.38
17. 50
19.75
17.70
19.25
18.05
20.88
20.22
21.75
20.75
22.75
20.97
21.50
19.83
23.00
23.50
0)
0)
21.12
20.75
2 17. 60
19.75
17.83
1,673
1,796
1,897
2,026
2,120
1,993
1,665
1,962
1,736
1,760
1,753
1,596
1,897
467
43
28
443
41
23
477
65
23
638
78
22
800
81
24
844
75
24
837
69
19
835
65
27
822
74
22
740
55
27
614
51
29
529
50
30
'448
402
919, 606
126, 183
1,650
10, 726
917, 746
121, 290
3,079
7,557
924, 790
137, 159
2,346
8,004
901, 498
177, 078
3,280
5, 605
912, 239
208, 380
6,718
5,795
883, 371
193, 580
6,993
6,511
760, 473
166, 014
6,443
5,725
890, 867
154, 349
3,369
9,082
844, 205
143, 849
1,934
8,361
901, 574
130, 593
2,547
8,760
952, 637
117, 362
2,188
13, 197
878, 641 1,032,932
115, 238 '120,581
2,852
12, 070
120, 140
' 41, 063 43, 239
0)
«529
a
545
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter
mil. of Ib
Stocks (excluding lard), cold storage, end of month
mil. of lb_.
Exports (including lard)
do
Imports (excluding lard)
do
Beef and veal:
Production, inspected slaughter
thous. of lb_.
Stocks, cold storage, end of month
do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs) (New York)
_dol. perlb_.
Lamb and mutton:
Production, inspected slaughter
thous. of Ib.Stocks, cold storage, end of month .
do.. _
Pork (including lard), production, inspected slaughter
thous. of lb_Pork (excluding lard):
Production, inspected slaughter
_do . _
Stocks, cold storage, end of month
do
Exports
_ _ _ _ - . _
_ _do _ _
Imports
do
Prices, wholesale:
Hams, smoked, composite
dol. per Ib
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production, inspected slaughter
thous. of lb..
Stocks, dry and cold storage, end of month
do
Exports
do
Price, wholesale, refined (Chicago)
dol. per lb__
.414
.438
.443
.450
.455
.460
.449
.435
.417
.402
.398
.395
.405
.420
53, 001
7,867
55, 324
7,359
56, 119
7,741
52, 466
8,518
54, 704
9,714
58, 810
8,767
53, 174
8,743
61, 429
9,089
56, 802
9,677
57, 606
9,957
52, 892
8,851
47, 030
8,597
54, 343
r
8, 737
8,990
700, 693
822, 728
915, 733 1,071,719 1,153,238 1,050,606 851, 694 1,009,587 834, 963
800, 728
747, 208
670, 129 .809,765
526, 732
228, 738
3, 779
14, 237
622, 033
215, 057
2,719
12, 976
681, 669
233, 612
4,995
12, 679
799, 131
340, 874
6,692
14, 290
843, 809
448, 645
4,037
16, 074
771, 981
504, 624
4,843
15, 292
628, 102
530, 537
6,476
11, 573
749, 899
543, 929
6,244
15, 105
618, 489
539, 434
6,344
11,336
587, 211
477, 028
5,969
15, 484
549, 989
375, 741
5,491
14, 272
494, 676 605, 362
297, 962 '218,624
4,231
15, 526
177, 952
.630
.534
.553
.513
.521
.450
.546
.459
.556
.412
.536
.431
.479
.425
.479
.422
.506
.453
.525
.508
.540
.564
.534
.472
P .538
.458
.492
127, 058
47, 818
29, 047
.213
146, 772
50, 460
25, 344
.208
171, 156
51, 349
46, 022
.185
198, 822
75, 160
55, 013
.190
225, 859
104, 125
57, 324
.173
203, 886
124, 391
54, 807
.163
163, 743
137, 882
47, 253
.153
189, 884
137, 357
46, 056
.156
158, 080
140, 352
56, 492
.168
156, 320
144, 149
36, 591
.148
144, 297
133, 394
32, 365
.155
128, 545
117, 578
29,886
.155
149, 419
97, 014
55, 555
188, 417
64> 612
275, 192
74, 024
291, 504
64, 744
269, 863
40, 480
251, 296
36, 267
211, 258
39, 349
162, 472
40, 666
127, 549
48, 999
107, 309
50, 411
97, 960
^.132
POULTRY AND EGGS
Poultry:
Receipts, 5 markets _.
thous. of Ib
47, 532
Stocks, cold storage (frozen), end of month
do
146, 651
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
dol. per Ib
.185
Eggs:
Production, farm
millions
4,648
Dried egg production
. thous. of Ib
1,215
Stocks, cold storage, end of month:
Shell
_thous. of cases
1,031
Frozen
thous. of lb_. 160, 797
Price, wholesale, extras, large (Chicago)
dol. per doz__
.398
55, 936
46, 646
101, 942 '119,769
.175
.160
.180
.175
.188
.243
.280
.240
.253
.245
.245
P . 215
4,694
953
5,085
792
5,166
900
5,589
1,336
5,771
1,919
5,518
1,902
6,584
2,357
6,529
2,932
6,440
2,913
5,701
3,292
5,285
2,643
4,895
1,319
833
138, 784
636
117, 958
325
94, 658
193
74, 928
235
66, 245
268
62, 517
479
83, 672
1,183
125, 833
2,088
170, 933
2,292
193, 888
.427
.409
.381
.317
.334
.422
.410
.373
.346
.369
.370
.164
r
Revised.
» Preliminary.
thous. of dol__
long tons
dol. per lb-_
1 No quotation.
65, 541
103, 120
101, 740
115, 330
99, 814
84, 645
85, 277
83, 644
76, 950
62, 435
65, 623
' 47, 198
60, 894
18, 874
22, 494
19, 264
26, 268
14, 339
.488
.375
.468
.400
.365
« For 8 States (South Dakota excluded).
19, 726
.381
11, 656
.370
.317
12, 516
14, 591
17,024
11, 861
27, 181
.678
.475
.537
.471
.518
2 Average for 2 weeks (August 22—September 2).
4, 798
' 1, 680 1.140
2,244
194, 706 '179,920 154. 256
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' sales
Cocoa or cacao beans:
Imports (incl. shells), .
Price, wholesale, Accra (New York)
58, 494
160, 570
.'514
SURVEY OF CURRENT BUSINESS
S-30
October 1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
August SeptemBUSINESS STATISTICS
ber
1955
Novem- December
ber
January
February
March
April
May
June
July
August September
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee:
522
Clearances from Brazil, total
thous. of bagsd".
119
To United States
do
820
Visible supply, United States
do
878
Imports
_ _ __do
Price, wholesale, Santos, No. 4 (New York)dol. per lb__
.755
Fish:
Stocks, cold storage, end of month
thous. of lb._ 190, 538
Sugar:
Cuban stocks, raw, end of month
3,197
thous. of Spanish tons__
United States:
Deliveries and supply (raw basis) :
Production and receipts:
96 464
Production
short tons
759, 214
Entries from off-shore
_ - do
228 846
Hawaii and Puerto Rico
do
Deliveries total
do
For domestic consumption
do
For export .
__do
Stocks, raw and refined, end of month
thous of short tons
Exports...
_ short tons._
Imports:
Raw sugar, total
.
_ _ . do_ _
From Cuba..
_ . do . _ _
From Philippine Islands
do
Refined sugar, total. _ _ _ _ _ _
do _
From Cuba
do
Prices (New York) :
Raw wholesale
dol. per Ib
Refined:
Retail §
dol. per 5 Ib
Wholesale
dol. per Ib
Tea, imports
-thous. of Ib
932
493
765
660
818
363
695
871
1,629
1,170
1,082
630
799
2,084
793
' 1, 245
918
424
729
578
228
776
r 1, 699
1,338
923
490
517
1,473
723
322
490
996
645
520
1,353
1,775
1,356
829
546
943
497
492
1,357
1,547
1,221
681
527
.718
.700
.720
.685
.670
.545
.583
.580
.545
.585
.535
.550
202, 228
204, 722
206, 437
194, 338
175,001
150, 471
127, 477
122, 669
128, 899
130, 582
168, 310
184, 217
2,812
2,637
2,447
2,037
1,888
2,513
4,288
4,688
4,478
3,988
3,638
3,132
131, 000
471, 248
200, 094
601, 213
426, 594
283, 327
797, 114
202, 728
134, 861
549, 214
215, 486
146, 234
149, 465
317, 409
29, 065
43, 747
443, 730
102, 247
55, 429
558, 851
171, 995
48, 992
630, 496
208 785
37, 866
634, 000
234, 789
45,901
476, 796
173 424
35 545
611 799
212 814
756 514
298 793
793, 324
792, 922
790, 762
786, 379
4,383
642, 776
642, 462
314
629, 590
626, 133
3,457
671,196
669, 122
2,074
569, 000
567, 000
2,468
572, 995
569, 723
3,272
711,171
706,617
4,554
625, 097
619, 459
5,638
697, 094
681, 204
5,890
823 025 r861 826 881 423
820 274 857 584 880 190
2 751 ' 4 232
1 233
1,108
929
474
1,261
1,748
351
467
1,927
1,889
1,823
1,781
1,753
604
1,612
r
401
1 329
"333, 189
231, 782
° 66, 432
40, 555
39 455
282, 688
160, 492
86, 036
2,585
155, 555
120, 246
35, 309
2,492
540
640
118,165
77, 843
29, 774
859
103
061
.060
.059
500
.502
.085
7,114
.498
.085
6,599
402
439
.086
5,765
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter,
4,242
total
mil. of Ib
Domestic:
321
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscella3,755
neous domestic
mil of Ib
Foreign grown:
17
Cigar leaf
do
149
Cigarette tobacco _
do
r
Exports, including scrap and stems__ _ -thous. of Ib
27, 262 »• 45, 865
9,849
Imports including scrap and stems
do
10, 300
Manufactured products:
18, 866
18, 363
Production, manufactured tobacco, total
do
7,196
7,105
Chewing, plug, and twist
_
do
7 612
8,361
Smoking
do
3,399
3,555
Snuff
- . . _ do_
Consumption (withdrawals) :
Cigarettes (small):
2,501
3, 395
Tax-free
millions. _
31, 964
34, 568
Tax-paid
do
526 817 503 475
Cigars (large), tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
17 902
18 487
thous. of Ib
1 200
1 006
Exports cigarettes
millions
Price (wholesale), cigarettes, manufacturer to wholesaler and jobber, f. o. b. destination
3 938
dol. per thous
3 938
101, 453
87, 990
3, 051
679
50
329, 562
263, 644
65 840
23, 063
14 144
303, 089
229, 478
73, 610
42, 861
30, 933
344, 404
256, 507
87, 894
68, 783
54 288
303, 954
207, 315
92, f 60
46, 308
45 905
323, 786
130, 787
189,845
38, 816
38, 371
301 645
164, 425
133 580
40 764
40 552
.062
.060
060
.060
058
.059
.060
060
061
P 060
.498
.085
7,175
.497
.085
8,494
498
085
.497
.085
10, 225
404
495
.084
15, 459
.084
7,842
.495
.084
7,615
496
084
496
084
v 084
4 366
7 490
10 198
418
406
341
190
132
32
31
875
523
418
794
735
496
2
2, 236
4,774
4 819
4 402
301
376
367
4,269
4 233
3 845
17
186
98, 868
8,856
613
' 59, 120 ' 39. 430 30, 927
8,969
7,640
8 699
19
191
28, 033
8,482
36, 867
9,594
18, 643
8,864
r
18
173
21, 846
9,390
25, 199
10 831
48, 826
8 414
18, 252
7,021
8,214
3,017
16, 983
6,857
6,933
3,193
14, 556
5,689
5,764
3,104
16, 251
6, 536
6 516
3,199
15,698
6,012
6,377
3,309
18, 618
7,253
7,653
3,711
16, 636
6, 455
6.832
3,349
17, 886
6,896
7,641
3,349
18,110
7,363
7 140
3,606
12, 763
5,468
5,233
2,062
2,472
31, 593
501, 498
3,298
29, 699
573, 184
2,805
26, 651
425, 958
2,644
30, 438
408 334
2,516
28, 655
399, 885
2,672
33, 695
467, 522
2,399
28, 788
445, 701
2,339
34, 498
516, 022
2,723
35, 648
510 219
2,369
28, 561
414 250
17, 219
1,342
16 790
1,432
14 842
1,399
15 924
1 109
14, 968
1,447
18 242
1,243
16 320
1,208
17, 308
1,169
17 555
1 275
13 021
1 468
3.938
3.938
3.938
3 938
3.938
3 938
3.938
3.938
3 938
3 938
16, 806
8, 336
14, 952
13, 309
12, 581
1,079
3,216
2,575
2,158
2,712
159
23
2,277
2,776
.425
.108
.400
.450
120
135
••891
2, 219
•• 2, 394
2,243
1,672
1,823
1,554
39
72
2,839
3.938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins 9
thous. of Ib
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 Ib
_ dol. per Ib
Hides steer heavy native over 53 Ib
do
LEATHER
Production:
Calf and kip
_
thous. of skins .
Cattle hide
thous. of hides
Goat and kid
thous. of skins
Sheep and lamb
_ _ _ _ _ _
do_. _
Exports:
Sole leather:
Bends backs and sides
thous. of Ib
Offal, including welting and belting offal
do
Upper leather
thous of sq ft
Prices, wholesale:
Sole bends light f o b tannery
dol. per Ib
Upper, chrome calf, B and C grades, f. o. b. tannerv
dol. per sa. ft_.
10, 842
63
46
2,235
2,213
.350
133
8,879
106
13
2,414
1,097
8 713
.300
.123
.325
142
23
1,876
909
113
9, 560
147
109
2,365
901
.350
.123
7,125
9,217
628
9,227
91
51
2,513
986
.325
.098
.325
.108
.375
.108
.400
105
.490
.118
956
1,019
2,325
2,433
2,144
2,148
2,186
2,143
55
45
1,836
117
58
782
730
786
1,963
1,928
2,036
2,017
1,962
1,873
2,074
2, 083
1,959
2,192
2,190
1,923
2,109
2,197
1,923
945
2,085
2,171
2,117
33
6
50
18
61
39
3,574
34
19
32
20
3 224
3,418
.595
.870
983
3 183
3 723
3 360
66
48
3,592
650
635
628
.600
.595
.898
.908
.863
.955
Revised.
» Preliminary.
i Estimate of 1954 crop.
2 October 1 estimate of 1955 crop.
cTBags of 132 Ib.
§Data represent price for New York and Northeastern New Jersey.
'Revisions for 1954 (short tons): March—Total, 374,036; Philippine Islands, 91,415.
.877
23
37
83
43
2,422
5,082
1,701
1,576
2,012
2,128
2,320
943
101
9
2,453
105
30
882
863
2,169
2,227
2,266
130
19
r
p. 475
J» 137
606
4 029
102
73
99
33
3,989
2, 826
67
19
3,334
.600
.595
.600
.605
.603
.603
P. 595
.893
.910
.930
.950
.920
'.942
*.987
r
r
2,882
995
541
1
r
f 1 091
583
690
.610
9 Includes data for types not shown separately.
T
71
88
2 308
SURVEY OF CURRENT BUSINESS
October 1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-31
1955
1954
DecemOctober NovemAugust September
ber
ber
January
February
March
May
April
June
July
August
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total
_ _ _
Shoes, sandals, and play shoes,
total
By kinds:
Men's
Youths' a n d boys' _ _ _ _ _
Women's
Misses' and children's
Infants' and babies'
_
48, 523
42, 795
42, 883
41, 630
44, 165
48, 424
48, 971
57, 398
47, 979
47, 160
49,590
41 737
35, 787
35, 349
34, 763
39, 939
45, 477
45, 322
52, 611
43, 344
41, 992
43, 422
do
do
do
do
do. _ _
7,848
1,953
23 065
6, 122
2,749
7 508
1,685
18 351
5,513
2,730
8,089
1,621
17 611
5,262
2,766
7,876
1,451
16, 621
5,733
3,082
8,934
1,585
19, 606
6,345
3,469
9,041
1,914
24 605
6,432
3,485
8,928
1,851
24, 876
6,444
3,223
10, 037
2,244
29, 405
7,090
3,835
9,321
1,807
23, 832
5,248
3,136
8,916
1,726
23, 038
5,366
2,946
8,887
1,961
23, 529
5,918
3,127
Slippers for housewear
do
Athletic
do
Other footwear
__ d o _
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.
6,315
293
178
347
6,447
288
273
367
6,939
331
264
403
6,427
290
150
328
3,757
337
132
283
2,429
331
187
303
3,098
337
214
372
4,215
370
202
509
4,133
369
133
336
4,689
352
127
262
5,566
342
260
212
110.0
110.0
110.0
110.0
110.0
110 0
110.0
110.0
110 0
110.0
117.5
112.3
117.5
112.3
117.5
112.3
116.8
112.3
116.8
112.3
116.8
112.3
116.8
112.3
116.8
112.3
116.8
112.3
116.8
112.3
thous. of pairs
except athletic,
thous of pairs
__
_
r
r
41, 054
54, 115
36, 037
46 691
r
9 316
1,997
26 246
6 074
3,058
7 409
1,688
20 290
M 609
2,041
r
4, 569
254
194
256
6,461
386
577
110.0
110.0
p 110. 0
116.8
112.3
116.8
112.3
p 116. 8
p 112. 3
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
National Lumber Manufacturers Association:
Production, total
mil bd ft
Hardwoods _ _ _ _ _
d o
Softwoods
_ __ _ __
do
Shipments, total
do
Hardwoods
do
Softwoods.
do
Stocks, gross (mill and concentration yards), end of
month, total
_
mil. bd. ft
Hardwoods
do
Softwoods
_
do
2 956
3 279
639
2,317
629
2,650
2 969
3 238
3 363
3 154
3 085
646
2,693
3 061
588
2,473
3 067
588
2,479
9,251
3 997
5,254
9,270
3 995
5 275
648
601
2,553
2,715
3 339
586
2,499
2 790
2 927
3 363
3 241
3 424
3 581
3 041
3 653
2 823
2 962
667
2,295
3 477
3 451
3 505
678
2,827
3 735
688
3,047
3 665
2,819
697
2,754
3 233
2 239
641
2,592
703
2,962
9 236
3 972
5 264
9,200
3 910
5,290
9,087
3 882
5,205
8,918
3 797
5,121
8,848
3 740
5,107
8,695
3 688
5,007
8,493
3 624
4 869
8,458
3 506
4,952
86, 261
314, 087
74 556
353, 651
60 614
307, 625
815
847
817
835
918
891
823
838
917
840
750
624
819
757
722
'
42, 792 r 40, 033
r
20 463
17, 644
22, 329 •• 22, 389
26, 233
15 715
10, 518
21, 887
10 357
11, 530
560
2,229
2,411
582
2,656
9,096
3 935
5,161
9,135
3 982
5, 153
9,134
3 959
5,175
__ __ M bd. ft
41, 270
_do. __ 354, 922
45, 836
282, 608
57, 413
294, 520
432
913
427
452
793
634
832
726
714
804
742
779
832
796
840
756
743
833
792
881
889
801
829
832
879
754
829
787
725
941
Exports, total sawmill products
M bd. ft_
13, 534
Sawed timber __
do
3,975
Boards, planks, scantlings, etc
do
9,559
Prices, wholesale:
Dimension, No. 1 dried, 2" x 4", R. L.
dol. per M bd. f t _ _ 81. 779
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd. ft__ 126. 671
Southern pine:
Orders, new _
mil. bd. ft
697
Orders, unfilled, end of month
do
297
Production __
do
651
Shipments
do
731
Stocks, gross (mill and concentration yards), end of
month _ _ T_ _ _ _ _ _ _
mil. bd. ft
1,824
6,329
Exports, total saw mill products
M bd. ft
Sawed timber
_
do
1, 202
Boards, planks, scantlings, etc
do
5,127
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6", R. L.
dol. p e r M b d . ft__ 74. 327
Flooring, B and better, F. G., 1" x 4", S. L.
dol. per M bd. ft _ 151. 557
Western pine:
Orders, new
_.
mil. bd. ft
795
Orders, unfilled, e n d o f month _ _ _ _ _ _ _ _ _ d o _ _
516
Production
___ .
do
801
Shipments _ _ _ _ _
d o
778
Stocks, gross, mill, end of month
do___
1,676
Price, wholesale, Ponderosa, boards, No. 3 common,
I"x8"
_
dol. per M bd. ft
71.51
16, 119
4,872
11, 247
24, 742
10, 078
14, 664
33, 151
13, 645
19, 506
32, 448
8 398
24, 050
30, 088
14 055
16, 033
Exports, total sawmill products _
Imports, total saw mill products
558
584
658
53 776 r 84 682 r 65 670
68 866 f 63 251
298, 167 r281 356 r251 592 r262 054 ••292,816
r
r
612
2,629
629
2,734
605
2,322
r
68, 963
262, 035
622
2,802
r
635
2,946
614
3,039
577
2,464
SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, gross, mill, end of month
mil. bd. ft.__
do
do
do
do
r
1,002
904
792
886
922
966
46, 802
25 572
21 230
31, 815
17, 636
14, 179
944
866
792
870
926
715
762
849
772
804
83. 699
82. 999
83. 972
85. 534
85. 071
85. 624
87. 115
87. 535
953
131. 361
131. 361
131. 361
132. 178
132. 178
132. 178
132. 178
131. 867
681
290
634
688
670
276
636
684
652
259
649
669
630
239
694
650
702
276
666
665
673
303
672
646
746
273
784
776
753
290
738
736
775
285
776
780
789
274
764
800
735
288
695
721
794
285
750
797
1,770
5 867
1,573
4, 294
1,722
8,427
2,897
5,530
1,702
8 605
3 135
5,470
1,746
7 442
3,104
4 338
1,747
6 500
2 648
3 752
1 773
7 737
2 529
5 208
1,779
8 930
1 967
6 963
1,743
7 398
2*265
5 133
1 717
7 367
1 654
5 713
1 760
77. 434
p 78. 802
84. 482
127.
r
729
810
810
748
683
86. 849
132.
1,781
r 9 405
2 958
6 447
r
1, 783
8 399
2,151
r 6 248
r
75. 218
75. 923
78. 021
78. 199
78. 480
78. 471
77. 527
77. 256
151. 680
152. 170
152. 170
151. 839
151. 609
150 996
150. 996
150. 384
763
459
862
821
835
422
828
798
702
382
688
662
676
439
612
619
597
485
491
551
598
477
535
590
696
493
633
680
766
543
682
716
77. 702
149.
77. 174
426
149 426
742
513
770
772
860
514
880
859
88. 074
P 89. 180
131. 867 »131. 867
149 426 pl51
860
624
760
750
319
1 000
'715
959
909
1,716
1,746
1,771
1,764
1,703
1 648
1,601
1,567
1 565
1 586
1 596
1 646
71.62
71 38
72 07
71 96
72 26
74 ig
75 17
77 20
78 49
80 05
80 41
p 80 41
5,200
12, 000
4 800
4 650
8,500
4, 050
11, 150
4 750
4 400
8,875
4,300
11, 380
4 300
3 900
9,200
3,700
11, 650
4 400
3 500
10 350
3,950
11, 700
4 450
3 950
11 050
4 850
12, 550
4 000
4 000
11 050
4 625
13 425
3 525
3 625
10 900
5 500
14, 650
3 900
4 000
10 775
4 650
15, 125
3 750
4 000
10 550
250
550
300
950
300
4 975
15 600
3 950
4 600
8 600
5 550
15 475
4 850
5 425
8 000
104 462
77, 983
96 999
99, 597
51, 268
100 481
79, 782
99 590
100, 172
47, 984
91 449
73, 083
100 488
101, 216
47, 256
81 496
64 301
97 746
94 988
49,524
89 816
65 157
97 834
88 960
57, 375
116 741
87 013
93 476
94 885
52, 966
107 966
98 574
90 400
91 321
52! 045
111 554
108 122
106 193
107 090
50! 301
108 916
111 682
100 543
104 160
41633
103 623
100 159
111 772
111' 732
44, 154
98 538
100 226
99 328
100 294
43! 188
105 632
99 403
109 306
108 070
44, 424
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new.
Orders, unfilled, end of month...
Production
Shipments _ _ _ _
Stocks, mill, end of month
_ _ __
Oak:
Orders, n e w _ _ _ _ _ _ _
Orders, unfilled, end of month __
Production
_ __
Shipments- _ _
Stocks, mill, end of month _ ._
' Revised.
p Preliminary.
M bd. ft
do
do
do
do
do
do
do
do
do. _
4
15
3
4
9
550
300
650
450
800
98 351
104 696
105 896
105 337
4s! 400
5
15
4
4
9
September
SURVEY OF CURRENT BUSINESS
S-32
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
SeptemDecemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
October 1955
1955
January
February
March
April
May
June
July
August
September
414, 569
422, 532
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging) :
Shipments (market) , quarterly total
M sq f t , surface measure. Inventories (for sale) end of quarter
do
Softwood (Douglas fir only), production
M sq. ft., %" equivalent- _ 207, 060
178, 411
29 266
386, 812
203, 556
29, 096
394, 659
392, 579
392, 810
211, 577
31 157
393, 101
389, 408
220, 908
34, 109
418, 950
416, 207
321, 111
660,518 778,290 ' 801,766 815, 901
359 187 r 421 004 r 413,481 450 418
112 934 109 723 116 948 139, 166
11, 524
24, 923
13, 302
9,836
844, 999
512 579
132, 644
13, 041
827, 315
448, 402
103, 978
11, 777
444,081
412, 756
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs.) :
Exports, total
snort tons rl369,451
»• 125 582
Scrap
do
149 686
Imports, total
do
Scrap
._._
do -__ 29, 448
409, 286 * 431,762
192 980 r 182,296
147, 345 137, 804
31, 796
20, 573
T
r
r
453,038 r 667,541 ' 631,371
223 398 r 400,797 368,280
153 275 128, 106 104, 291
41, 256
27, 695
11, 124
Iron and Steel Scrap
Production and receipts, total thous. of short
Home scrap produced
Purchased scrap received (net) _
_
Consumption, total _
_ _ .-. _Stocks consumers', end of month
tons
do
do
do _ _
do
4,770
2,701
2,069
4,664
6,599
4,729
2,717
2,011
4,814
6,510
5,362
2,939
2,423
5,356
6,509
5,866
3 066
2,800
5,520
6,852
6,185
3,290
2,896
5,685
7,349
6,004
3,384
2,619
6,066
7,284
5,874
3,294
2,580
5,993
7,156
7,072
3 909
3,162
7,071
7,158
7,068
3,905
3,163
6,988
7,243
7,199
3,947
3,252
7,186
7,259
6,773
3,844
2,929
6, 852
7,184
10, 295
10, 823
8,269
8,913
9,333
7,848
6,776
8,070
6,554
3,272
4,101
5,726
2,907
1,896
6,737
2,787
1,587
8,023
2,741
1,531
9,227
3,227
1,835
10, 109
6,056
5,312
11, 366
11, 820
12, 621
10, 532
9, 555
4,895
45, 733
39, 199
6,534
7,951
4,620
49, 753
43, 083
6,670
7,252
5,398
51, 868
44, 980
6,889
2,918
5,845
49, 975
43, 065
6,911
18
0
6,341
44, 018
37, 427
6,591
6,620
37, 470
31,360
6,110
0
0
6,447
31, 108
25, 222
5,886
7,481
23, 711
18, 616
5, 095
3,758
7,290
18,907
14, 545
4,362
1,691
1,881
1,736
1,178
1,081
71
' 1, 720
931
67
1,248
1,220
55
830
935
542
'
6, 048
r
3, 457
r
2, 591
7, 132
p6,832
P 3, 823
»3,009
*>6,608
P7.360
13, 704
14, 835
9,402
13, 034
14, 633
7,803
14, 160
15, 117
6,846
11, 606
7,798
21, 901
17, 465
4,436
12, 595
7,473
27, 361
22, 455
4,906
13, 334
7,273
33, 424
27, 940
5, 485
13, 572
7,485
39, 506
33, 100
6,405
2; 045
2,490
2,498
72
60
938
982
1,310
1,296
1,050
r 1, 070
r 6, 101
r
Ore
Iron ore:
All districts:
Mine production
thous. of long tons
Shipments
- do
Stocks, at mines, end of month.
_ _ _ d o __
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
Manganese ore imports (manganese content)
do
do
59
'66
87
81
47
93
811
921
534
789
943
552
760
997
547
783
852
1,074
934
966
1,092
563
1,106
1,315
1,294
564
62, 494
59, 259
34,528
66, 742
58, 015
33, 929
71, 090
64,321
36, 956
80, 686
70, 030
41, 609
85, 064
80, 599
49, 005
99, 817
82,028
48, 000
4,567
4,495
4,462
4,486
4,984
5, 061
5,257
5,336
5,587
5,576
86
12, 757
•
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:
Composite
dol. per long ton__
Basic (furnace)
do
Foundry No 2 Northern
do
745
579
P 1, 227
689
680
101, 766
85, 979
48, 721
99, 730
102, 364
60, 063
104, 091
101, 226
57, 397
106, 446
98, 397
57, 317
107, 559
99, 456
60, 261
5, 785
5,827
5,443
5,560
6,464
6,531
6,385
6,412
6,805
6,770
6,544
6,468
6,391
r 6, 082
6,601
p 6, 458
578
707
716
115, 420
75, 570 v 84, 284
44, 914
2,843
2,743
2,640
2,533
2, 536
2,447
2,384
2,213
2,097
2,084
2.116
r 2, 332
p 2, 481
56.03
56.00
56 50
56.03
56.00
56.50
56.03
56.00
56. 50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56.00
56.50
57.88
58.50
59.00
58.45
p 58. 50
v 59. 00
89, 590
66, 792
9,344
88, 359
64, 722
8,668
87, 085
64, 004
8, 580
87, 659
64, 812
7,742
93, 547
69, 843
11,489
98, 238
75, 044
13, 809
106, 430
80, 729
16, 501
127, 460
98, 926
19, 339
120, 053
92, 237
16, 646
122, 465
92, 713
16, 810
133, 887
102, 457
19, 591
410 1
102.2
77 2
25 0
409.0
109.4
81.7
27.7
382.0
113.0
86.0
27.0
461.2
119.7
89.3
30.4
472.7
128.5
96.4
32.0
487.8
135.9
103.0
33.0
491.9
135.4
102.1
33.3
507. 1
154.4
119.2
35.2
499.4
149.6
113.5
36 2
509.4
147.0
109.4
37.7
519.6
155.5
117.0
38.4
531. 6
115.0
82.7
32.3
p 134. 8
6,667
6,807
7,702
8,089
8,287
8, 838
8,497
9,982
10, 328
9,746
9,101
' 9, 595
93
9,815
88
94
85
90
96
.0541
.0541
.0542
.0542
.0542
.0542
.0542
.0542
.0542
.0542
0 0542
.0576
.0580
.0580
74 00
0452
74 00
0452
74 00
0452
74.00
0452
74.00
0452
74.00
0452
74.00
0452
74.00
0452
74.00
.0452
74.00
.0452
74.00
.0452
78.50
. 0487
p 78. 50
p . 0487
29 50
30 50
32 50
34 50
32 50
36 50
36 50
38 50
38.50
34.50
34.50
39.50
p 44. 54
58.45
Steel, Crude and Semimanufactures
Steel castings:
Shipments total
short tons
For sale total
do
Railway specialties
do
Steel forgings (for sale):
Orders unfilled
thous of short tons
Shipments total
do
Drop and upsot
do
Press and open hammer
do
Steel ingots and steel for castkigs:
Production
do __
Percent of capacity J
Prices, wholesale:
Composite, finished steel
dol. per lb_Steel billets, rerolling, carbon, f. o. b. mill
dol per short ton
Steel scrap, No. 1, heavy melting (Pittsburgh)
dol per long ton
63
67
73
79
79
83
95
97
97, 875 i»125, 001
71, 170
11, 631
p 9, 881
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
1,953
2,317
2,303
2,145
2,342
2,123
2,198
2,377
2,217
2,939
2,726
2,586
2,256
Orders unfilled end of month
thousands
2,230
2,078
1,742
2, 125
1,990
2,062
2,514
1,747
1,902
1,782
1,797
1,785
1,868
Shipments
do
109
104
116
125
77
89
106
107
90
112
103
110
109
Stocks end of month
do
Cans, metal, shipments (in terms of steel consumed),
564,
154
321,
281
379,
767
427,
434
397,
799
279,
642
259,
585
307,
939
273,
616
283,
386
522 293 457, 983 361, 676
total for sale and own use
short tons
376, 530 328, 454 236, 275 166, 975 170, 125 170, 068 154, 507 171, 568 178,528 222, 797 230, 016 266, 148 391, 024
Food
do
Nonfood
do - 145, 763 129, 529 125, 401 106, 641 113, 261 109, 574 105, 078 136, 371 142, 753 156, 970 167, 783 161, 286 173, 130
477, 256 408, 415 319, 669 239, 881 247, 688 240, 159 224, 128 265, 592 273, 649 330, 050 347, 471 386, 053 511, 688
Shipments for sale
do
r
1
Revised.
p Preliminary.
Revision for March 1954, 316,151 tons.
JFor 1955, percent of capacity is calculated on annual capacity as of January 1,1955, of 125,828,310 tons of steel; for 1954, data are based on capacity as of January 1,1954 (124,330,410 tons).
October 1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
S-33
1954
1955
Decem
August SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
1,389
27, 982
1,404
30, 691
1,532
33, 640
1, 251
28, 319
1,544
31, 251
7,541
774
215
290
872
571
121
2,439
148
193
414
607
515
7,770
770
209
325
967
600
127
2,428
152
198
378
651
542
6,251
627
177
264
824
506
104
2,108
109
145
357
368
363
7,054
717
197
283
885
543
88
2,307
137
162
378
553
455
September
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products — Continued
Closures (for glass containers), production .--.millions. Crowns, production
thousand gross Steel products, net shipments:
Total 9
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
1,330
27, 366
1,283
21,841
1,328
20, 454
1,219
18, 264
1,218
18, 196
1,247
23, 663
1,245
23, 993
1,516
29,480
4,681
446
152
142
715
365
71
1,331
95
109
326
342
351
5,004
471
151
138
694
379
63
1,357
103
108
346
580
359
5,035
530
150
141
662
395
59
1,633
110
130
344
273
360
5,240
577
140
171
579
398
49
1,857
126
144
331
261
366
5,449
619
123
200
497
421
40
2,054
128
160
347
270
352
6,010
623
116
203
578
439
97
2,229
133
158
336
419
393
6,120
630
128
255
610
457
103
2,166
131
159
338
433
415
7,269
764
161
310
795
543
122
2,450
153
178
407
514
502
7,279
747
184
303
824
560
118
2,416
141
182
398
534508
NONFERROUS METALS AND PRODUCTS*
Aluminum:
Production, primary, domestic
short tons . 125, 296 120, 332 125, 089 121, 252 127, 035 128, 203 116, 236 130, 272 126, 394 131, 128 127, 634 132, 669 133, 551
Estimated recovery from scrap® _ _
do
22, 444
23, 364
23, 933 25, 448 27, 609
27, 091 28, 521 33, 933 29, 919
29, 491 30, 925
Imports (general):
13, 313
8,380
15, 674
11, 278
13, 519
20, 144
12, 753
18, 409
12, 593
20, 391
20, 174
12, 957
Metal and alloys crude
do
1,368
• 916
941
888
1,033
1,546
895
1,065
1,467
1,170
1,172
Plates, sheets, etc
...
do
2,126
.2211
.2220
.2303
Price, primary ingot, 99%-f
_dol. per lb._
.2220
.2220
.2220
.2320
.2320
.2320
.2320
.2320
.2427
.2440
.2320
Aluminum shipments:
247.4
268.5
266.8
289.7
347.9
298.1
301.6
Mill products and pig and ingot (net)
mil. of lb_. 244.6
342.4
324.3
355.0
341.7
303.9
180.4
179.7
206.2
183.1
181. 6
195.6
205.2
Mill products total cf
do
234.7
227.9
234.3
255.7
210.2
250.0
100.8
103.8
104.6
128.4
101.1
108.7
114.0
123.3
125.2
112.0
136.4
141.4
Plate and sheet cf -...do
113.3
47.8
54.9
43. 5
56.1
64.4
66.9
Castings
do
64.0
79.0
71.7
55.0
73.0
68.5
64.8
Copper:
Production:
83, 291 83, 581 93, 728
Mine, recoverable copper. _
short tons.. 51, 668 62, 111 71,215 79, 208 81,417
89, 108
90, 789
89, 507 r 33, 353 66, 653
82,272 85, 096 104, 873 119, 264 117, 153 111,015 120, 611 111,348 127, 124 117, 639
96, 399
Refinery, primary
do
78, 905
42, 566
60, 939
76, 686
63, 085 49, 275
86, 809
88, 312
From domestic ores
__do___
81, 021
94, 260
96, 549
89, 444
85, 118
55, 824
21, 294
24, 157
28, 841 29, 994
33, 314
32, 997
28, 187
From foreign ores
_
_-dO
32, 455
26, 351 26, 230
30, 575 28, 195
21, 272
23, 081
17, 144
18, 538
16, 728
Secondary, recovered as refined
do
16, 943
17, 327
21, 524
17, 575
16, 616
20, 469
20, 525
16, 173
20, 555
13, 494
Imports (general):
54, 436
43, 540
49, 369
30, 805
39, 307
55, 391
46,581
46, 755
45, 858
Refined unref scrap ©
do
44, 619
44, 041
45, 339
19, 648
8,095
9,596
16, 413
11, 153
12, 104
14, 449
12, 643
11, 120
15, 935
Refined
- .. -- -do 10, 150
12, 283
Exports:
30, 561
25, 909
26, 874
32, 379
20, 934
30, 119
37, 347
25, 502
28, 531 28, 753
19, 322
Refined plus scrap
_
do
13, 790
13, 464
20, 073
11,486
15, 883 24, 890 ' 17, 811 19, 202
23, 245
17, 760
Refined
do
15, 702
20, 658
9,544
Consumption, refined (by mills, etc.)
do
107, 670 107, 090 109, 571 118, 518 127, 323 126, 308 119, 609 137, 361 133, 130 135, 513 141, 044
71, 088
91, 343
Stocks, refined, total, end of month _ _ _ _ _ __do ___ 161, 430 135, 089 106, 368 115, 137 131, 174 121, 835 120, 643 117, 786 111, 375 121, 024 112, 243 101, 950 123, 108
Price, bars, electrolytic (N. Y.)_
dol. per lb_.
.2970
. 2970
.2978
.2970
.3294
.2970
.2970
.3570
.3270
.3570
.3570
.3815
.4405
.3570
Copper-base mill and foundry products, shipments
(quarterly) :
467
Brass mill products, total
_
mil. of lb._
551
677
666
299
Copper wire mill products ©
- -do
359
392
401
196
B rass and bronze foundry products
do
219
238
258
Lead:
Production:
Mine, recoverable lead
short tons__ 27, 066 25, 001 25, 755 26, 911 28, 230
27, 347
27, 004
30, 961 28,602
28, 807
28, 442 ' 25, 846 26,490
32,094 34, 718 35, 947 32, 742 38, 976 35,007 36, 876 34, 765 29,836
Secondary, estimated recoverable © __
do __. 33, 009 33, 851 35, 725
38,538
47, 346
24, 825 31, 407
Imports (general), ore®, metal
do
38, 661
21, 107
33, 633 30, 214 33, 286
48, 597
34, 023 32, 640
95,000 91, 000
Consumption, fabricators', total _
.do 91, 000
93, 000
97, 000
91, 000
99, 000
86, 000
96, 100 100, 400 102, 900
83, 800
Stocks, end of month:
Producers', ore, base bullion, and in process ®
(ABMS)
..short tons.. 114, 234 115, 681 108, 393 104, 726 109, 131 107, 314 114, 481 108, 513 106, 023 107, 257 106, 409 103, 636 125, 644
Refiners' (primary), refined and antimonial lead ©
91, 246
short tons..- 81, 610 90,374 92, 444
89, 611 81, 858
62, 599
62, 398
52, 804
48, 988
42, 843
38, 198
120, 224 119, 369 121, 972 121, 502 122, 198 113, 364 120, 142 112, 742 112, 170 124, 145 123, 686 118, 583
Consumers' total
_do
59, 398
59, 505 58, 342
59, 104
Scrap (lead -base, purchased), all consumers -do
61, 361 61, 857
50, 939
56, 361
50,053 49, 046 46, 413 45, 771
Price, pig, desilverized (N. Y.)
...dol. per lb__
.1460
.1497
.1500
.1500
.1406
.1500
.1500
.1500
.1500
.1500
.1500
.1510
.1500
.1500
Tin:
2,625
2,439
Production, pig total
.
long tons
2,636
2,692
2,608
2,232
2,582
2,728
1,842
2,298
1,106
1,147
1,986
Imports for consumption:
2,169
1,813
2,019
2,562 B 2,286
1,857
Ore ©
__do
1,312 f 1, 769
1,861
2,437
1,163
2,116
6,151 ' 6, 466 r 5, 598
4, 512
Bars, pigs, etc
.. ._
. _ do ._
5,487
4,143
6,385
6,026
5,454
5,615
3,918
5,449
Consumption, pig, total
do
6,700
6,700
7,050
7,000
6,900
6,900
8,050
7,280
7,785
7,820
7,965
6,640
7,985
Primary
do
4,600
4,300
4,300
4,700
4,330
4,500
4,730
5,200
5,305
5,160
5,160
4,520
5,310
Exports, incl. reexports (metal)..
do
14
5
106
120
122
175
174
177
48
185
83
4
Stocks, pig, end of month, total . _
_ do
16, 491
17, 024
14, 751
16, 872
15, 127
16, 331
14, 944
14, 761
13, 513 15, 616 f 13, 675
16, 362
16, 348
Industry
do
14, 017
12, 625 12, 085 12, 769
14, 979
14, 100
13,905 12, 835 14, 550 13, 644
13, 970
15,580
15, 685
Price, pig, Straits (N. Y.), prompt
dol. per lb__
.9354
.9304
.9338
.9110
.8857
.8727
.9077
.9104
.9139
.9137
.9364
.9683
.9646
.9626
Zinc:
Mine production, recoverable zinc
short tons.. 38, 141 34, 178 35, 511 38, 338 39, 035 41, 205 39, 389 45, 216 42, 886 44, 273 ' 43, 477 Ml, 817 42, 478
Imports (general):
38, 563 37, 612
Ores and concentrates ©
do
44, 721
38, 813 40, 811 39, 076
29, 832
35, 191 41, 262
34, 134
38, 949
35, 802
Metal (slab, blocks)do
10, 914
11,410
11, 467
10, 916
14, 697
18, 094
15,828 13, 257 15, 696 13, 048 13, 166 14, 730
Slab zinc:
Production (primary smelter), from domestic and
foreign ores
_
short tons
54, 381 61, 124
74, 432
79, 555
66, 401
80, 139
73, 785 83,395
78, 399
81, 173 79, 001 78, 917
78, 836
5,409
5. 756
5, 684
Secondary (redistilled) production, total
do
5,923
5,609
5,937
5,192
5,784
5,004
5,387
5,457
5,483
6,038
Consumption, fabricators', total
do
73, 529
73, 616
79, 545
82, 461 81, 742
85, 119
80, 602
96, 388
91,312 94, 913 92, 739 70,589 87, 687
Exports
_
._
_
_ do
1,021
1,983
2,400
1,230
1,518
4,428
2,618
1,918
3,053
413
1,550
756
973
Stocks, end of month:
Producers', smelter (AZI)__
_ do
193, 253 175, 505 152, 137 134, 636 124, 277 117, 152
96, 165 90,837
74, 579
63, 184
48, 603 51,290
46, 084
Consumers'
do ... 95, 666 93, 872 93, 362 96, 076 100, 757
97, 013 101, 734 102, 438 103, 304 104, 003 106, 983 114, 173
Price, prime Western (St. Louis)
dol. per lb_.
.1141
.1150
.1150
.1100
.1150
.1150
.1150
.1150
.1193
.1200
.1223
.1250
. 1250
.1293
Zinc oxide (zinc content of ore consumed)
short tons ._
6,050
6,216
6,126
5,526
6,148
6,610
6,774
6,725
7,062
6,376
7,021
6,563
7, 175
r
Revised.
$ Includes data not shown separately.
©Bas ic metal content.
c?Data beginning January 1955 are not strictly comparable with earlier data because of a change in coverage and method of reporting.
*New (or substituted) series in most cases. All series (except as noted) are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to August 1954 for new series will be
shown later. General imports comprise imports for immediate consumption plus material entering the country under bond. Aluminum—-prices of aluminum ingot are as quoted by the
American Metal Market; shipments of mill products plus pig and ingot are compiled jointly by the U". 8. Department of Commerce, BDSA and Bureau 0} the Census. Copper—exports, consump-
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1955
1954
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments
thous. of sq. ft. of radiation. _
3,315
Stocks, end of month
_ _ _ _ _ do _
6,765
Oil burners:
90, 662
Shipments
number72 238
Stocks end of month
do
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total _ __ ~ __
number. _ 196, 180
6,294
Coal and wood
do
Gas (incl. bungalow and combination)
do ___ 180,210
Kerosene, gasoline, and fuel oil
do
9,676
3,217
6,478
3,354
5,915
2,700
5,400
1,956
5,434
1,675
5, 876
1,970
6,106
2,419
6,416
2,035
6,991
1,732
7,898
2,208
7,903
1,865
7,520
102, 888
57, 306
101,916
53, 174
67, 660
53, 978
46,882
57 125
57, 282
50. 686
58, 041
51, 163
59, 218
62, 655
60, 155
71 864
65, 407
69, 732
68,600
68 141
70, 945
65 462
100, 826
59, 572
222, 839
7,708
204, 947
10, 184
216, 956
7,320
197,984
11, 652
190, 328
6, 652
174, 549
9,127
160, 494
5,586
146, 135
8,773
167, 752
5, 564
153, 065
9,123
200,306
5,527
186, 436
8,343
232, 431
6,063
217, 466
8,902
196, 705
4,283
182, 502
9,920
199, 682
4,107
187, 735
7,840
216, 879
4,817
204, 170
7,892
156,745
5,367
145, 951
5 427
238, 014
6,460
219, 083
12, 471
Stoves domestic heating, shipments, total
Coal and wood
Gas
Kerosene, gasoline, and fuel oil
--
261, 936
36, 879
156,343
68,714
351, 135
55, 091
205, 345
90, 699
417, 18<s
66,824
257, 606
92, 755
284, 688
37, 823
195,337
51, 528
110,245
9,094
74, 513
26, 638
75, 004
4,824
41, 646
28, 534
90, 897
4,422
38, 228
48, 247
105,357
7,710
50, 350
47, 297
98, 307
8,624
50,311
39, 372
122, 722
10,624
74,605
37, 493
186, 201
15, 589
116, 854
53, 758
233 198
26, 304
142 723
64 171
311,164
45, 107
185, 481
80, 576
130 486
75, 062
48 655
6,769
202, 990
148, 370
82, 023
57 503
8,844
201, 405
137 820
79, 022
50 963
7,835
198, 001
107, 615
64, 312
38 594
4,709
175, 550
81,130
50, 341
28 055
2,734
163, 458
85, 476
50, 923
31, 899
2,654
200, 001
79, 537
47, 740
28, 917
2,880
214, 703
87, 121
53, 673
30, 510
2,938
248, 754
91 908
58, 012
31 484
2,412
231, 694
99, 937
62, 696
34 284
2,957
216, 731
117,376
74, 125
39 657
3,594
214, 607
107
64
38
4
207
163, 915
99, 558
57, 966
6,391
260, 438
do
do _
do
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-__
905
563
902
440
226
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans new orders
thous of dol
Unit heater group new orders
do
Foundry equipment (new), new orders, net
mo. avg. shipments, 1 947-49 =100__
Furnaces, industrial, new orders, net:
Electric processing
thous. of dol
Fuel-fired (except for hot rolling steel)
_ - do _
Machine tools (metal-cutting types) :
New orders
mo avg. shipments, 1945-47=100
Shipments
_ do _
Pumps (steam, power, centrifugal arid rotary), new
orders
- -thous. of dol- _
Tractors (except contractors' off-highway and garden) :
Shipments, total
thous. of dol
Wheel-type
_
_ _
do
Tracklaying
do
37 685
14 840
55 813
14, 648
39 739
16 087
53 013
16 497
75.6
68.3
147.5
61.4
113.9
81.0
90.4
163.6
178.6
145.7
186.8
213.4
134.0
1 053
1,116
986
2 403
1,936
1,190
1,534
1,246
4,100
1,148
3,543
976
4,390
1,342
5,609
2,234
5,032
1,813
3,801
2,635
2,836
786
1,348
4,101
1,241
203.0
167.3
209.4
168.2
4,787
5,220
°1 57, 655
« 87, 71 6
o 69, 939
66, 178
41,431
24, 747
147.9
203.7
180 9
213.4
148.9
191.0
119.5
179.5
202 9
203.4
6,706
5, 050
3,828
5,224
•144, 167
« 81, 126
<»63 041
214.6
202.5
178.1
180.1
243.7
180.9
263 2
198.8
6, 709
6,161
5,447
6,411
7,419
71,786
45, 807
25, 979
79, 302
54, 025
25, 277
94, 718
64, 847
29, 871
82, 289
51,016
31,273
1,647
1,572
2 981
r
217
T
8
152 9
P 221. 1
v 165. 0
5,834
7,022
79, 179
47,911
31, 268
63 360
38, 613
24 747
52, 399
29, 348
23, 051
1,794
2,024
2,774
105.0
104.0
261.2
241.7
341.8
354.5
1,114.0 U,204.9
89.0
207.8
245.9
718.5
86.0
255.5
403.8
947.6 p '1,284.7
647.9 v l 944. 3
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
_
thousands
Household electrical appliances, sales billed:
Refrigerators, index
1947-49=100
Vacuum cleaners standard type
thousands
Washers, domestic sales
do
Radio sets, production!
_ _ _ _
do
Television sets (incl. combination), production §
thou sands _.
Insulating materials and related products:
Insulating materials, sales billed index
1947-49—100
Fiber products:
Laminated fiber products, shipments ©
thous. of dol- Vulcanized fiber:
Consumption of fiber paper
thous of Ib
Shipments of vulcanized products thous of dol
Steel conduit (rigid) shipments
thous of ft
Motors and generators, quarterly:
New orders index
1947-49—100
Polyphase induction motors, 1-200 hp:f
New orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp:l
New orders
thous of dol
Billings
do
1,321
1,281
106.0
94.0
262.7
358.2
353. 2
370.6
1,089.7 11,482.3
96.0
244.1
313. 5
1,099.8
702.5
1831.2
583.2
467.4
i 590. 0
344.3
132 0
137 0
160 0
160 0
154 0
158.0
117 0
10, 535
9,426
10, 076
12,211
11, 106
10, 909
11, 522
9,856
11, 057
3 794
1 540
25, 911
4,037
1 571
24, 049
3 918
1 565
25, 898
4,876
1 803
29, 762
4 591
1 815
30, 521
4,778
1 799
32, 504
4,679
1,750
35, 310
3,136
1,367
53, 017
4,505
1,817
2,481
2,728
2,667
2,410
1,796
1,478
70.6
185.4
293.2
785.5
73.4
238 2
379.7
1
932. 3
51.0
263 2
339.2
997.8
47.2
237. 9
308.4
1,098.7
61.7
217.0
264.8
1,261.6
96.0
250.1
357.4
1,068.1
633.4
i 947. 8
921.5
858.5
i 833. 4
654.6
111 4
123 2
116 7
123 9
138 3
8,857
10, 337
9,528
9,596
3 373
1 152
28 076
3 062
1 217
27 616
3 251
1 301
27 622
2 964
1 350
29, 645
1
r
129 7
156. 7
155. 0
186.0
33 448
33 501
34, 476
36, 184
38, 649
34, 638
44, 407
41, 298
6 755
7 337
8 130
9,942
6 729
9,052
10, 545
8,179
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
2,024
1,755 '1,812
2,323
2,194
1,640
1, 888
2,333
1,910
2,253
2,500
2,442
Production
thous of short tons
2,117
2,816
Stocks in producers' storage yards, end of month
1,008
1,504
1,164
1,145
1,081
1,000
1,048
1,267
1,132
1,293
1,293
thous. of short tons-1,328
1,405
207
176
175
148
226
403
311
253
240
359
273
348
Exports
- do
Prices:
25.64
24.50
24.48
25.67
24.08
24.96
25.19
25.52
25.67
24.18
24.62
24.66
Retail composite
dol. per short ton
25.40
12. 257 p 12. 257
13. 721
11. 829
11. 829
13. 507
13. 721
13. 721
13. 721
13. 713
13. 836
13. 350
13. 657
Wholesale, chestnut, f. o. b. car at mine
do
T
1
Revised.
» Preliminary.
Represents 5 weeks' production.
° Quarterly total.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for September and Decembei 1954 and March,
June, and September 1955 cover 5 weeks; other months, 4 weeks.
© Data beginning August 1955 cover 20 companies; earlier data, 19 companies.
1 Data for polyphase induction motors cover 33 companies for 3d quarter 1954 and 34 thereafter; for direct current motors and generators, 27 companies.
SURVEY OF CURRENT BUSINESS
October 1955
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
DecemSeptemAugust
October NovemBUSINESS STATISTICS
ber
ber
ber
S-35
1955
January
February
March
April
May
June
July
August
September
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL- Continued
Bituminous:
Production
thous. of short tons
Industrial consumption and retail deliveries, total}
thous of short tons
Industrial consumption, total}
do
Electric-power utilities
do
Coke ovens
do
Beehive coke ovens
do
Steel and rolling mills
do
Cement mills
do
Other industrials
do
Railroads (class I)
Bunker fuel (foreign trade)
Retail-dealer deliveries
34, 471
36, 652
37, 158
38, 151
36,580
35, 545
37, 060
34, 620
38, 620
26 500
23, 632
9 568
6,427
27 160
23, 538
9 456
6,396
30
25
10
7
234
837
076
246
31 585
27, 043
10 435
7,438
35 520
29, 733
11 633
7,995
36
30
11
8
334
101
750
258
33, 769
27, 916
10 840
7,631
31, 207
28, 368
9 906
8,519
31, 478
29, 123
10, 505
8,927
5,155
5,356
5,940
6,469
7,194
99
506
755
105
504
670
35, 105
30, 243
11 234
8,755
7,316
6,892
7,578
7,411
7,093
6,887
6,508
7,003
do
do
1,384
1,233
1,375
1,415
1,271
1,278
1,203
1,240
1,159
1,154
••49
1,253
43
do
2 868
3 622
6 233
5 853
4 862
2 839
2,355
2 640
2,358
3,400
68 566
67, 656
39 708
11 571
69 691
68, 765
40 462
11 869
70
69
40
12
352
458
889
193
71 041
70, 118
41 072
12,484
69
68
39
12
452 ' 68, 042
310 r 66, 845
38, 405
225
12, 348
747
70, 961
69, 674
39, 288
13, 647
1,184
12 915
1, 657
1,233
12 992
1 597
1,287
12 979
1 496
1,373
13 057
1,540
1 311
12 953
1 475
' 1, 166
13, 258
1,120
1,236
13, 762
1,174
1,287
Stocks, industrial and retail dealers', end of month,
total
thous of short tons
Industrial, total
do
Electric-power utilities
do
Coke ovens
do
Steel and rolling mills
do
Cement mills
do
Other industrials
do
Railroads (class I)
do
Retail dealers
-
43, 430
33, 484
do
Exports
do
Prices:
Retail composite
dol per short ton
Wholesale:
Screenings in dust use f o b car at mine do
Large domestic sizes f o b car at mine do
COKE
Production:
Beehive
thous. of short tons-.
Oven (byproduct)
do
Petroleum coke 9
do
Stocks, end of month:
Oven-coke plants total
do
At furnace plants
_do
\ t merchant plants
do
Petroleum coke
do
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton__
52
306
693
56
320
674
47
47
621
612
910
926
3,333
2,940
r
54
432
719
46
360
740
66
506
775
1,449
1,544
54
47
20
4 397
4 542
5 787
592
614
201
391
711
335
606
3
2
169
511
707
11
196
417
672
44
222
387
714
35
' 36, 320 36, 470
31 356
28, 716
10 808
8,523
244
365
687
869
166
095
476
63 751
63, 130
36 796
11, 066
63
63
37
10
664
022
035
776
64 001
63, 270
37 376
10, 702
66, 356
65, 471
38, 347
11, 516
69
68
39
12
1 155
12 487
1 397
1,082
12 337
1,340
12 494
1 249
12 469
1,219
1,015
12, 840
1,192
1 140
13 405
1 235
65
65
38
11
556
509
505
963
534
970
561
558
707
548
894
923
810
703
621
642
731
885
1 142
1,197
3, 540
3,092
2 481
1 804
2,539
2,282
4,569
4,717
4 992
4, 652
710
55
567
14 78
14 89
14 98
15 04
15 08
15 10
15 10
15 10
15 00
14 77
14 81
14.83
14 93
4 498
6 711
4 493
6 875
4 488
6 955
4 484
6 961
4 482
6 951
4 431
6 951
4 481
6 949
4 480
6 920
4 401
6.369
4 377
6.371
4 390
6 423
4.395
6.588
f> 4. 436
v 6. 730
44
4 486
40
4 465
33
5 063
40
5 207
43
5 580
'471
61
5 745
'64
5 327
••135
6,287
••157
6 001
«• 145
' 6 039
170
6,224
457
436
••102
6 131
••117
6 014
444
2 804
1,597
1 207
2 942
1 624
1 317
2 748
1.654
1 094
2 614
1,632
946
476
39
2 188
1 227
449
29
981
474
43
412
410
2 917
1,693
1 224
2 856
1,624
1,231
402
14
395
34
456
2 851
l',638
1 213
424
34
395
33
421
50
486
2 526
1,579
438
476
2 485
1, 529
2 346
1,373
956
498
29
973
473
42
479
483
2 112
* 1, 198
914
437
57
2 065
1,251
961
440
44
13.65
14.75
14. 75
14.25
13.75
13.75
13.75
13. 75
13.75
13.75
13.75
13.75
13.75
2, 534
191 190
2,298
184 527
2,370
190 198
2,379
190 367
2 743
198 213
2, 486
209 600
2,340
191 392
2,738
213, 454
92
2,787
206, 600
2,594
206, 983
90
2,798
198 389
2,661
205, 600
814
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-bearincr in TJ S total
do
At refineries
do
At tank farms and in pipelines
do
On leases
do
Exports
Imports
Price (Oklahoma-Kansas) at wells
do
do
dol per bbl
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous. of bbl
Residual fuel oil
do
Domestic demand:
Distillate fuel oil*
do
Residual fuel oil
do
Consumption by type of consumer:
Electric-power plants
do
Railways (class I)
do
Vessels (bunker oil)
do
Stocks, end of month:
Distillate fuel oil
-do
Residual fuel oil
do
Exports:
Distillate fuel oil
do
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol per gal
Residual (Okla No 6 fuel)
dol per bbl
Kerosene:
Production
thous of bbl
Domestic demand
do
Stocks end of month
do
Exports
do
Price, wholesale, bulk lots (New York Harbor)
dol ner gal
r
87
88
8b
86
88
90
87
91
93
212 708
208, 155
211,851
209, 244
224 382
228 737
211, 365
228, 594
214, 080
225, 699
224 510
234, 986
277 929
70, 659
188 260
19 010
272 502
67, 989
185 568
18 945
267 346
68, 292
179 582
19 472
264 566
67, 814
177 659
19 093
258
67
172
18
260
67
172
19
258 630
66, 574
172 429
19 627
264 430
68, 829
176 193
19 408
275 232
71, 215
184,317
19 700
276 948
71,293
185, 771
19 884
270 850
70, 788
181 076
18 986
264 601
69, 399
175, 702
19 500
509
1 521
19 065
2 82
771
20 384
2 82
45 048
33 131
45 415
32 569
29 203
36 934
385
309
081
995
156
k!6
635
605
1 047
20 412
2 82
797
381
23 066
2 82
20 799
2 82
47 890
33 047
48 666
33 593
51 718
36 806
32 593
38 904
34 893
42 415
51 279
46 045
4 842
7 835
5 928
4 903
7 730
6 331
5 310
7 818
6 119
116 529
56 332
128, 061
56 702
139, 128
56 541
1 434
1 580
1 525
1 546
2 192
1 239
1 349
20 853
2 82
r
976
887
20 912
2 82
24, 480
2 82
1 431
20, 818
2 82
1 166
23, 106
2.82
1 053
24 739
2 82
25, 049
2 82
53 926
38 276
51 719
34 683
52 779
36 722
46 033
33 288
47 094
34 426
48 839
32 392
48 832
33 823
75 843
54 055
73 801
55 880
68 513
51 386
58 252
51 475
37 177
43 668
31 726
41 848
29 994
40 754
28, 359
38 919
5 820
8 192
5 981
7 687
8 467
6 022
8 912
8 093
5 916
7 432
7 699
5 803
6 813
8 268
6 379
5 678
7 635
6 332
4 884
7 688
6,708
4 692
8 337
6 354
4, 617
8, 185
7,005
133, 886
54 891
108 144
52 105
86 692
49 457
69, 283
46 042
62, 457
44 970
70, 139
43, 838
83, 559
45, 083
100, 652
44 398
119, 169
44, 894
1 786
2 819
919
2 985
1,521
2 231
1.258
2,535
2,109
2,256
2 145
2 380
2,259
1 866
r
r
2 715
1 761
r
1 898
1 720
r
092
092
096
096
102
102
102
102
102
101
101
1 150
1 150
1 250
1 350
1 400
1 500
1 500
1 500
1 500
1 600
1 700
.101
1.750
9 357
6 196
34 949
9 018
6 555
37 099
11 796
18 330
27 826
12 665
17, 071
23 266
10 471
15 003
18 291
8 084
4 374
29 830
8,877
5,436
32, 749
326
9 164
3,878
26 375
109
11 080
10 940
18 187
'l79
9 373
5,799
21 486
250
10 619
12 748
34 547
80
9 596
9 261
37 140
221
430
.100
.100
.104
.104
.110
.110
.110
.110
.110
.108
.108
.108
188
428
96
215
Revised.
v Preliminary.
}Revised (effective with the October 1955 SURVEY) to include bunker fuel.
9 Includes nonmarketable catalyst coke. Such production for January-July 1955 is as follows (thous. short tons): 198; 186; 184; 141; 204; !
89
300
41,000
34, 227
•• 31, 441
' 29, 083 30, 827
12, 287
r 11, 464
8,882
8,621
280
••238
••342
357
*>2. 82
5,369
7,332
v .101
v 1. 750
v . 108
13.63
SURVEY OF CUKKENT BUSINESS
S-36
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1955
1954
August
Se
m
P£ - October
N
Janu-
m
°™
b
ary
Febru-
March
April
May
June
July
August
Septem-
ber
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Kefined petroleum products— Continued
Lubricants:
4,522
4,563
Production
_ thous. of bbl
3,374
3, 308
Domestic demand
_ do
9,230
9,035
Stocks, refinery, end of month
do
0
1, 341
967
Exports _
do - _ Price, wholesale, bright stock (mid continent,
.180
.180
f. o. b. Tulsa)
dol. per gal..
Motor fuel:
Gasoline (including aviation) :
Production, total
thous. of bbL. 108, 250 105, 325
92, 126
94, 798
Gasoline and naphtha from crude oil
do _
Natural-gas liquids:
10, 334
10, 487
Used at refineries (incl. benzol)
do
2, 712
3,118
Used in other gasoline blends, etc
do
4,544
2,961
9,702
1, 296
4,565
3,180
10, 162
892
3,992
2,901
10, 087
1,094
4,602
3,665
9 779
1,179
4,691
3,589
9,615
1,211
4,740
3,766
9,430
1,097
4,818
3,750
9,233
1,208
4,557
3,488
8, 947
1,2^9
.180
.180
.180
.180
.180
.180
.180
.180
.180
107, 167
93, 595
105, 896
92, 249
111, 753
98, 878
112,808
99, 419
102, 342
90, 424
109, 838
97, 207
105, 069
92, 793
111, 759
99, 016
111,759
99, 291
118, 548
105, 582
10, 612
2,960
10, 604
3,043
10, 099
2,776
10, 857
2,532
9,451
2,467
10, 067
2,564
9,486
2,790
10, 027
2,716
10, 001
2,467
10, 475
2,491
4,475
3, 285
9,183
1,180
4,470
3, 086
9,475
1, 035
.180
r
110, 223
104, 706
105, 607
102, 393
104, 258
96, 397
88,464
105, 684
111, 116
115, 707
120, 710
115, 653
144, 615
77, 159
8, 553
15, 379
142, 437
74, 786
8,479
15,358
141, 046
73, 571
8,615
15, 868
142, 163
74, 291
8,441
15, 168
146, 679
80, 970
8,721
14, 038
159, 486
92, 092
10, 076
12, 973
170, 422
101, 070
11, 221
12, 004
172, 396
101. 119
11,576
12 805
165, 413
93, 285
10, 188
13, 460
158, 552
85, 132
10, 199
14, 976
147, 154
76, 363
10. 285
16, 327
146, 844
75, 499
10, 255
17, 553
« 2, 084
Exports (motor fuel, gasoline, jet fuel)
do _ _
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
.105
dol. per gal_.
.125
Wholesale, regular grade (N. Y.)
do
.217
Retail, service stations, 50 cities _ _ _ _ -do
Aviation gasoline:
Production, total
_thous. of bbl. . 8, 599
100-octane and above.do_ . 6,748
9,962
Stocks, end of month, total
do. _ 5,799
100-octane and above
do _.
Jet fuel:*
4,662
Production
do
Domestic demand _ _
do_ ...
4,638
Stocks, end of month. ..
_
do_-_
3,040
Asphalt.-Q
. 8, 726
Production
- do. .
Stocks refinery, end of month
do
7, 150
Wax:O
408
Production
do_._
571
Stocks, refinery, end of month
do
2,202
2,384
2,056
2,154
1,765
1,641
1,559
1,642
••2 135
2,000
2,471
.105
.125
.213
.105
.125
.213
.105
.125
.213
.105
.125
.213
.105
.125
.211
.105
.125
.212
.105
.125
.214
.105
.125
.216
.108
.125
.215
.108
.125
.214
.108
.125
219
7,709
6,127
9,796
5, 841
7,966
6,209
9,876
6,051
7,717
6,090
9, 506
5,730
8, 561
7,008
9,218
5, 569
8,019
6,064
10, 130
6,113
7,245
5,745
10, 302
6, 380
8,217
5,934
10, 030
6,063
7,878
6,433
9,605
6,098
8,771
6,496
9,675
6,124
8,926
7,169
8,557
5,230
9,315
6 942
9 556
6, 115
4,633
4,317
3,356
4,008
4,444
2, 920
4,208
4,076
3.052
3, 806
3, 643
3,215
4,163
3,906
3,472
4, 265
4,369
3, 368
5, 285
5. 087
3,566
4,243
4,202
3,607
4,845
4,972
3,480
5,007
4 833
3,619
4 549
4 711
3 456
7,999
5,912
7,413
5, 702
5,371
6, 165
4,200
7, 175
4,246
8,623
4,230
9,888
5, 067
10, 809
6,278
11, 779
7,827
11,524
8,799
9 943
9 506
9 107
453
567
450
572
485
589
404
562
433
579
427
578
466
542
441
552
423
554
464
'590
433
602
6,069
7,103
6,129
5,149
3,134
3,190
3,264
5, 533
6,099
5 972
6 950
1,153
1,343
3,573
145
74, 951
1,364
1, 572
4,167
151
92, 242
1,248
1,388
3,543
142
74, 223
989
1,157
3,002
124
71, 952
568
674
1,892
84
56, 707
603
686
1,902
85
62, 720
652
687
1, 925
79
81, 326
1,134
1 063
3, 336
125
112, 726
1,088
1 100
3,912
98
89,320
986
1 115
3,870
91
77, 040
Domestic demand.
Stocks, end of month:
Finished gasoline ._
At refineries
Unfinished gasoline
Natural gasoline and allied products
.do
do__.
do_ do_-_
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..
r
5 223
P. 180
P. 110
t> 125
218
214
7 149
r
1,136
850
1 335
1 316 r 1 074
1 615
4 498 '3 300 4 299
r Ql
109
124
69, 185 '69 355 96 491
"
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of month
Waste paper:
Receipts
Consumption
Stocks end of month
thous. of cords (128 cu. ft.)_
do
do
2,488
2,515
4 708
2,487
2,414
4 794
2,701
2,644
4 854
2,557
2,579
4 840
2. 645
2,417
5 070
2,823
2,680
5 386
2,690
2,512
5 563
2,647
2,862
5 348
2,189
2,752
4 785
2.416
2 842
4 359
short tons
_.do
_ do _ _
670, 672
694, 972
440, 130
671, 957
683, 164
419. 126
697, 893
702, 283
414, 332
682 749
678, 695
422, 740
674 021
643, 691
454, 263
655, 291
686, 004
428. 747
643, 881
676, 121
397, 734
785 696
785, 023
398 987
743 006
733, 154
407, 295
795 214
793, 855
408 530
865 151 r668 080
904, 539 '633'
344
779 120 r436 772
782 005
802' 194
416 244
1, 649. 8
71.4
894.2
206 4
209.3
108 4
160.1
1,615.8
74.9
875.1
199 2
207.6
103 4
155.6
1,491.0
72.1
784. 6
188 0
205.6
93 3
147.3
1,654.5
78.1
881.7
216 9
212.1
104 5
161.1
1, 564. 8
72.7
852 8
196 5
206.1
96 0
140.7
1, 784. 1
82.1
964.3
223 0
233.9
116 8
164.0
1, 709. 4
70.4
920.2
233 9
219.7
106 6
158.6
1, 787. 9
91.5
976 5
211 8
226 2
112 0
170.0
1, 768. 3 1,631.2
89.2
66.6
971 0
891 7
210 6
201 0
219 8
218 0
112 1
105 5
148.5
165.6
1,811 5
99 4
976 8
210 9
231 5
115 9
176.9
735. 0
173 2
495 1
66 7
785.4
190 0
518 1
77 3
759. 6
157 4
517.7
84 6
743.4
175 9
489 6
77 9
731 5
167 8
489 1
74 6
714 0
155 8
485 0
73 2
712
154
479
77
719
162
475
82
r
r
WOOD PULP
Production:*^1
1, 566. 5 1,501.3
Total, all grades.
thous. of short tons
68.6
55.0
Dissolving and special alpha
do ...
833.4
803.4
Snlfate
- . . do
200.5
195.3
Sulfite
do .
203.9
200.5
Groundwood
_
do - Defibrated or exploded
do -105. 1
104.7
154.9
142.4
Soda, semichem., screenings,
damaged, etc. -do
1
Stocks, end of month .-of
739.5
736.9
Total, all mills
-do
165 6
168 3
Pulp mills
do
498.6
Paper and board mills
-.
- do
501.1
Nonpaper mills
do
7? 6
70 2
Exports, all grades, total
Dissolving and special alpha
All other
_
__
do
do
_ . _ do -.
0
44.9
18.2
26.7
49.8
15.1
34 7
44.1
16.4
27 8
39 9
13.4
26 5
53 6
13.9
39 7
49 0
14.0
35 0
r
62 5
13 1
49 4
54 4
15. 1
39 3
1
9
5
7
55 5
16 1
39 4
3
0
0
3
49 3
12 4
36 9
2,713
2 837
4 235
752
170
491
90
9
8
2
9
49 3
15 4
34 5
' 2, 734
r 2 605
4 363
741
162
491
86
0
8
8
4
3,076
2 879 - - - - - - - - 4 566
759 4
164 6
506 7
88 1
—
52 5
19.0
33 5
Imports, all grades, total
._
do _. o 172 *
169 5 r 158 2
171.7
149 1
174 9
206 4
181 1
208 6
159 6
157 2
208 4
Dissolving and special alpha
__.
do _ . _
18.2
10.2
19.1
22.7
16 9
16.7
21 5
13 8
19 2
19 1
15 2
18 8
Allother
do
149.0
148.0
152.8
158.0
187.3
154.5
135.3
189.5
140.8
142.1
161.9
186.9
r
v Preliminary.
Revised.
*New series, Prior to 1954, included with data for gasoline, kerosene, and distillate fuel oil; for January-July 1954 figures, see note f<1" on p. S-35 of the September 1955 SURVEY and earlier
issues.
©Asphalt—5.5 bbl.=l short ton; wax—1 bbl.« 280 Ib.
cf Effective with the October 1955 SURVEY, data as compiled by the Bureau of the Census have been substituted for those from the United States Pulp Producers Association.
* Revisions for 1954 (units as above): Exports—lubricants, April, 1,456; motor fuel, June, 2,716; July, 2,329; wood pulp (all grades), March, 27.2; imports—wood pulp (all grades), May, 151.0
SURVEY OF CURRENT BUSINESS
October 1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-37
1955
1954
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
September
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and board mills, production:!
Paper and board, total
thous of short tons
Paper
do
Paperboard
_.do
Wet-machine board
do
Construction paper and board
.
-do.__
Paper, excl. building paper, newsprint, and paper board
(American Paper and Pulp Association):
Orders, new
thous. of short tonsOrders, unfilled end of month
do
Production
do
Shipments
_ _ . do.-_
Stocks, end of month
do
Fine paper:
Orders, new
do
Orders, unfilled, end of month
. _ __do
Production
do
Shipments
do
Stocks end of month
do
Printing paper:
Orders, new
do
Orders, unfilled', encl 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 Ib
Coarse paper:
Orders, new
- thous. of short tons. Orders, unfilled, end of month
do
Production
_ _ do
Shipments
do
Stocks, end of month
do.
Newsprint:
Canada (incl. Newfoundland) :
Production
do
Shipments from mills
- do
Stocks, at mills, end of month
do
United States:
C onsumption by publishers
do
Production
_ do.
Shipments from mills
__
do
Stocks, end of month:
At mills
do
At publishers
- do
In transit to publishers
_ _
-.do
2 214
2 345
1,040
1, 054
2 249
2 575
1,117
1,167
2,457
1,066
1,113
2,545
1,083
1,170
2,559
1,079
1,197
2,265
1,024
1,026
2,605
1,079
1,218
899.5
606.3
852.7
856.7
436.2
972.2
713.5
929.5
930. 1
445.7
919.5
701.8
879.7
878.5
420.6
1, 049. 2
756.8
999.6
1, 007. 3
413.5
956. 4
750. 9
951. 8
939.2
422.7
959.2
770.6
958.0
952.2
426.7
r 985. 2
' 805. 6
r 953. 3
' 960. 2
r 433. 0
r 894. 3
' 838. 7
' 850. 6
r 834. 9
r
437. 0
946.0
853.0
956. 0
936.0
443.0
114. 1
49.5
116 3
111.7
110 6
124.4
62.2
118.1
116.2
115.6
117.5
62.0
121 5
124.7
111 1
124.3
72.5
116 7
121.5
107 5
133.4
75.6
127.7
134.1
101.5
124.4
78.1
120.6
120.4
97.5
126.1
85.9
125.2
124.5
103.1
r 131.8 ' 109. 4
'92.4 r 103. 4
' 126 6 "•98.6
r 133. 9
••98.8
r
»-99. 6
104 9
125.0
110.0
124.0
122.0
87.0
292 4
290 3
302.4
303 3
153 1
324 1
300 1
290.8
297 4
146.5
345 7
375 2
313.9
309 9
150.4
313 5
359 2
295.4
292 1
153.8
362 4
382.4
343.9
344 1
153.6
318 9
372.2
317.2
312 7
158.0
327.7
380.0
326.3
330 1
154 3
r
^ 317. 0
' 433. 3
'285.8
r
280. 7
f 156. 2
323.0
436.0
327.0
323.0
160.0
2 367
1 025
1,067
2 294
1,040
11
246
964
960
12
226
868.0
612.4
861.8
856.9
428.2
885.7
598 2
915.5
904.5
432.5
874. 4
586.5
889.4
885.3
437.8
106.8
63.6
112 3
106.8
104 7
108.6
63.2
110 3
107.7
109 3
115 2
61.6
119 2
113.3
109 7
297 8
295.9
308.0
306 9
151.6
307 6
302 4
299.6
297 9
153.3
308 6
294 6
311.1
310 5
154 0
2 288
991
1.029
11
258
961
983
10
259
881.0
610 0
889.0
880.2
421.6
11
265
997
2 161
12
239
989
12
224
14
277
14
265
363 6
M15 4
r324 6
»-327 8
r
151 1
9
261
14.45
pl4. 45
f 297. 0
r
181. 1
'283.9
r
282. 4
r
87.7
307.0
185.0
304.0
301 0
91.0
521 3
525 0
166 3
507 8
543 4
130 7
490.4
502.4
118.7
' 539 5
534.6
123.6
431 8
120 9
121.1
455 4
133 5
131 1
422 2
131 2
133 4
378.4
124 5
121.7
384 7
134 9
137.0
7 4
369 2
78.8
98
340 4
86 4
7 7
345 2
86 4
10 5
358 7
83.7
8 4
404 0
81 0
13.80
13.80
13 80
13.80
14.10
14.10
14. 10
14.10
14 10
283.6
138 6
281.3
280 9
99 9
285.7
136 4
301.9
302 1
98.7
291.0
133 0
297 1
297 3
96 0
286.5
128 5
278 1
281 5
90 6
306.8
152.3
302.3
298 9
105 7
304. 2
149 6
293. 1
287 8
89 0
354.2
176.4
331.6
332 8
90.4
318.7
172.3
310.1
311 1
84.6
316
180
313
309
87
503 1
518.8
159.0
491 2
482.6
167.6
526 0
541 8
151.7
522 1
543 0
130.9
500 1
506 0
125.0
490 8
466.3
149.6
479 3
464 1
164.8
539 1
512.0
191.9
518 6
540.5
170.0
360 8
99 5
98.5
388 3
96 6
98.2
437 2
110.3
107.4
420 4
106 5
107.9
408 0
109 2
111.5
383 5
115 6
113.9
365 2
109 9
110.6
438 9
125.5
125.1
8 6
508 7
66.2
7 0
490 3
64.8
10 0
448 9
77.1
85
434 1
88.4
6 2
439 4
76 9
7 9
417 8
131.1
7 2
412 2
87.7
7 6
383 1
82.6
8
5
4
0
7
14 10
'304
r 175
>-311
r
311
r 93
396.9
415.2
455.4
445 8
392.5
364.3
435.8
421.2
446 7
447 5
392.0
125. 75
125. 75
125 75
125 75
125. 75
125 75
125 75
125 75
125 75
125 75
125. 75
1,088 0 1 074 5
390 5
343 2
1 103 7 1 096 0
1 063 0
363 0
1 054 4
1 064.7
428 8
1 004 3
94
93
7 444
7 666
7 245
194.1
180 0
187.2
186 9
167.9
177 1
888
754
134
1 408
1,198
941
811
130
88
82
13
296
6
9
4
5
5
13.80
302.5
140 4
293.6
289 9
99 9
Imports
do
433.1
Price, rolls, contract, delivered to principal ports
dol. per short ton_- 125. 75
Paperboard (National Paperboard Association) :
Orders, new
thous. of short tons.. 1, 039. 7
Orders, unfilled, end of month
do
330 7
Production, total
do
1,065 2
Percent of activity
92
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft surface area
7 209
Folding paper boxes, index of value:
New orders
1947-49=100-.
199.8
Shipments
- - do .
183.9
14
270
13
278
968
1 020 3 1 085 0 1 311 7 1 163 1 1 248 4
523 4
450 7
515 7
507 6
621 0
1 013 3 1 043 1 1 214 1 1 142 2 1 187 2
1 239 0 1 082.4
602 9
582 2
1 210 6 1 019 2
99
81
7 948
8 171
183. 8
167 1
198.9
179 9
1 069
993
800
193
92
95
96
95
96
7 041
6 808
6 870
8 226
7 863
179.8
168 2
184.7
172 3
176.7
151 8
193.9
178 9
188.1
168 0
860
701
159
971
771
200
950
756
194
1 102
1 175
1 305 7 1, 167. 4
585 7
665 8
1 264 3 1 192.4
99
99
7 098
8 603
8 594
187.3
150 3
206.6
188 5
188.1
191 0
920
692
228
723
588
135
951
783
168
56 282 r 45 166
100 861 r!05 782
52, 762
43, 626
48 411
109 688
PRINTING
Book publication, total
New books
.
New editions
number of editions
. -do
do
802
661
141
210
855
247
965
210
838
231
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
__.
long tons.. 38, 069 52, 412 55 970
Stocks, end of month
do
124, 810 119 191 115 970
Imports, including latex and guayule
do
* 59, 124 48, 618 49, 432
Price, wholesale, smoked sheets (New York)
dol. per lb_.231
.241
.265
Chemical (synthetic):
Production
_
long tons.. 48, 807 51, 384 55,644
Consumption _
do . 42, 051 53 878 58 309
Stocks, end of month
do
170, 159 161, 662 161, 167
Exports
_
._
do
3,018
3,294
2,161
53 326
105 025
45, 474
55 096
102 943
43, 557
56 911
50 997
101 050
97 189
49, 941 ' 50, 790
58 472
102 058
61, 250
.273
.288
.325
.354
.313
55 018
57 287
156 905
2,908
58 456
64 130
150 175
2,672
69 929
68 379
147 813
3,422
67 679
67 614
141 660
3,148
78 506
77 118
143 513
4,454
52 963
101 620
61, 113
54 746
106 650
61, 042
.323
.314
.400
.455
75 705
81 974
81 930
78 158
r 72 096 r 75 729 r go 182 r 63 332
r 141 538 r!43 109 r!35 843 r!45 145
5 564
5 740
8 710
7 896
83 997
73 085
142 460
Reclaimed rubber:
Production
_
._ _
do*
22, 332
15, 444
23, 444
22 915
25 762
25 237
25 332
29 574
27 911
26 678
Consumption
do
22 098
17,660
19 926
22 321
24 546
25 322
24 333
27 652
28 674
26 609
Stocks, end of month
do
27, 692
29,632
30,395
29! 451
30! 746
29, 656
30', 125
30,311
30,068
29,528
r
Revised.
1 Revision for March 1954 is 48,074 long tons.
t Effective with this issue of the SURVEY, items have been revised as follows: Construction paper (formerly included in the total for paper) is now
wet-machine board was formerly included with paper board.
.348
30 426 r 24 034
29 157 r 22 563
29.725 ' 29. 939
.492
25 183
25 763
27.807
combined with construction board;
SURVEY OF CURRENT BUSINESS
S-38
1954
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
SeptemDecemOctober NovemAugust
BUSINESS STATISTICS
ber
ber
ber
October 1&55
1955
January
February
March
April
June
May
July
August
September
RUBBER AND RUBBER PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings: &
Production
5,426
7,277
7,867
7,624
8,442
9,040
8,745
10, 083
9,153
9,949
10, 703
9,027
8,717
8,056
2,527
5,405
123
6,265
1,601
4,533
130
6,264
1,868
4,248
147
6,840
3,124
3,558
158
7,344
3,707
3,468
169
8,911
3,785
4,967
159
8,272
3,833
4,281
157
9,907
4,780
4,926
201
9,937
4,457
5,315
165
9,865
4,352
5,361
152
10, 234
3,931
6,129
174
9,729
3,890
5 711
128
9 462
3,362
5 980
119
do
do
9,985
116
11, 193
131
12, 799
120
13, 676
147
14, 762
141
14, 949
134
15, 368
155
15, 609
180
14, 890
155
14, 936
154
15, 460
155
14, 684
125
13, 908
_
_ _do
do
3,772
5,661
4,489
4,049
3,946
3,207
3,242
2,691
3,200
2,569
3,089
4,116
2,850
2,862
3,234
3,327
2,836
3,250
3,005
3,233
3,136
3,565
2,768
3,450
2 923
3,733
Stocks end of month
Exports
do
do
6,588
73
7,296
65
8,313
62
8,706
69
9,519
70
8,252
58
8,244
81
8,217
96
7,963
87
7,735
62
7,326
78
6 664
67
5 917
26, 783
111
31, 606
27 332
107
28, 467
27 861
101
31, 883
16, 727
7, 192
12 705
5,373
623 164
627, 200
677 44^
680 758
thousands
Shipments, total _
Original equipment _.
Replacement equipment
Export
.do _ _
do ___
do
-do
_
Stocks, end of month
Exports
Inner tubes: cT
Production
Shipments
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
Percent of capacity,
Shipments _ _ _ _ _ _
Stocks, end of month:
Finished
Clinker
_
_ _ _ .
thous. of bbl
.
thous. o f b b l _
do
do
25, 698
103
28, 887
25, 522
106
29, 032
25, 887
104
27, 134
23, 826
98
22, 766
22, 290
89
16, 347
20, 231
81
13, 520
17,612
78
14, 031
22 409
90
22, 941
24, 847
103
25, 295
27 066
108
29, 527
14, 408
6, 080
10, 909
4,720
9,667
3,806
10, 732
3,634
16, 722
5,274
23, 436
7,888
27, 018
10,812
26, 487
12, 571
26, 071
12,044
23, 6*1
10,439
582 952
586, 532
576, 185
589, 340
561, 190
571, 103
557, 097
548, 588
519, 144
464, 080
468, 522
412, 028
445 775
405, 001
562, 507
568, 469
569 355
605, 391
613 871
652, 091
28. 289
28. 382
28. 382
28. 430
28. 430
28. 642
28. 559
28. 559
28. 654
28. 750
148, 594
162, 363
156,115
157, 590
148, 169
153, 246
148, 573
140, 320
151,619
121, 607
132, 268
100, 512
133, 933
108, 975
163, 417
148, 750
142, 879
147, 018
156, 551
173, 337
179, 359
197, 360
151, 504
170, 587
173 326
193, 115
84, 626
80, 906
81, 278
77, 095
81, 367
79 160
79, 699
71, 874
68, 621
64, 351
65, 827
63, 716
65, 438
59, 583
72, 470
69, 059
65, 146
70, 105
67, 600
72, 353
77, 358
77, 109
72, 615
69, 870
73, 397
80 663
11,429
9,929
10, 908
9,305
8,538
10, 449
10, 211
11, 293
11, 045
11, 758
12, 219
11, 858
13, 109
11, 148
10, 730
10, 145
9,255
8,891
9,593
9,177
10, 930
10, 422
11, 635
12, 063
10, 996
14, 361
1,098
1,511
1,121
830
767
833
846
1,038
1,052
1,114
1,176
1,217
1,852
3,724
3,210
3,033
2,670
2,514
3,016
2,719
2,836
2,699
3,277
3,226
3,093
4,749
525
900
950
2,669
996
286
343
677
1,165
2,536
985
303
325
586
1,408
2, 452
977
243
310
561
1,304
2,409
926
245
506
677
1,012
2,369
757
289
392
596
847
2,772
923
214
455
536
976
2,564
903
178
853
854
1,257
2,894
997
201
980
1,070
1,097
2,399
930
195
1,311
1,156
1,060
2,555
959
203
1,510
1,282
1, 167
2,491
998
213
1, 230
1,161
972
2,196
915
212
. 931
1,145
1,144
3,027
1,184
329
14, 397
13, 336
13, 721
13, 461
12, 892
13, 301
14, 058
14, 247
14, 521
14, 331
14, 327
14, 805
13, 263
r
r
18, 855
8, 624
r
r
r
CLAY PRODUCTS
Brick, unglazed:
Production
thous of standard brick
Shipments
do
Price, wholesale, common, composite, f. o. b. plant
dol. per thousClay sewer pipe, vitrified:
Production
Shipments _ _
Structural tile, unglazed:
Production
Shipments
short tons
do _
_
_ _
do _ _
do
653, 910
684, 429
28.846 ' 28. 952 p 29. 300
GLASS PRODUCTS
Glass containers:
Production
-
thous. of gross -
Shipments, domestic, total
_
_d.o-_
General-use food:
Narrow-neck food
_ __ do _
Wide-mouth food (incl. packers' tumblers, jelly
glasses and fruit jars)
thous. of gross
Beverage
Beer bottles
_ __
Liquor and wine
Medicinal and toilet
Chemical household and industrial
Dairy products
do
do
do
_ - do_
do
do
Stocks end of month
do
-
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production
1,140
2,396
838
2,550
••663
2,333
877
2,751
2 070
2 026
2,025
2,148
746 827
814 663
650, 083
do
60, 138
66, 327
73,624
do
do
493, 276
280, 403
400, 172
266, 754
395, 234
255, 906
688 5
1 021. 1
58.0
641.8
1 1, 091. 4
53.8
683.3
1, 137. 4
44.3
thous of short tons
do
Gypsum products sold or used, quarterly total:
TJncalcined uses
short tons
Industrial uses
Building uses:
Plasters:
Base -coat
Allother (incl Keene's cement)
Lath
Wallboard"
Another 0
" "
mil of sq ft
do
do
1
753, 092
0
72, 338
476, 667
"312,123
0
724.4
1,157.4
55.8
••Revised.
^Preliminary.
1 Includes data for laminated board.
c^Data for 1954 for production, shipments, and stocks have been revised. Unpublished revisions (for January-May) are available upon request.
O Comprises sheathing, formboard, tile, and for 1955 also laminated board.
« Revisions for gypsum products for 2d quarter 1954 (units as above): Industrial uses, 62,143; all other (including Keene's cement), 234,813; wallboard (excluding laminated board), 995.1.
October
SURVEY OF CURRENT BUSINESS
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-39
1954
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
12, 335
12 969
2, 050
1320
4, 980
1,848
1, 715
April
May
June
July
14,162
12, 001
10, 713
12, 585
10, 260
1,816
5,712
288
4,944
12,065
1335
i 5,940
1,636
372
5,856
1,816
496
5,328
1 1, 945
1550
1
5, 520
1r 004
292
3 696
1,840
1,876
i 2, 225
1,908
1,744
i 1. 865
1 356
1 756
352
388
416
360
424
360
U25
M10
304
324
452
396
1,146
29, 459
880
1,358
887
28, 912
782
1, 280
1,839
24,548
1,040
1,286
2 170
17 136
1 137
970
2 697
22 950
1 424
1 236
313
1 388
August
September
TEXTILE PRODUCTS
APPAREL
13, 685
Hosiery shipments
thous. of dozen pairs
Men's apparel, cuttings:!
Tailored garments:
Suits
- thous. of units. 1, 660
Overcoats and topcoats
do
480
Trousers (separate) , dress and sport
- - - do
4,032
Shirts (woven fabrics), dress and sport
thous. of doz.1,556
Work clothing:
Dungarees and waistband overalls
do
392
Shirts
do -.
396
Women's, misses', juniors' outerwear, cuttings:
Coats
thous. of units. 2,751
Dresses
do - - r 21 429
1,257
Suits
do --.
Waists, blouses, and shirts
_
thous. of doz._ ' 1, 292
15, 156
14, 454
14 560
i 1,1 655
440
4, 620
1,456
1,592
352
4,464
324
4,272
1, 795
1,692
1,728
*435
1430
408
360
2,452
17 157
874
1,170
2,269
17, 593
1
1
12, 776
1
1
1
296
364
1340
1265
300
300
1435
1415
1,200
2,463
18 511
1,158
1,140
2,035
18, 675
1,464
986
2,187
20, 453
1,773
1,248
2,110
20 273
1,756
1,289
2,896
28,070
1,846
1,446
9,689
12, 455
2 13, 017
3 13, 413
384
738
13, 674
r
1r 856
564
5 088
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
thous. of running bales _
1,695
5,690
Crop estimate, equivalent 500-lb. bales
thous. of bales _ r
Consumption!
bales. _ 667,762 1815,315
Stocks in the United States, end of month, total!
thous. of bales _. ' 22, 223 r 21, 119
' 22 144r r21 048
Domestic cotton, total
do
r
12 753
On farms and in transit
-do _
9 117
r
Public storage and compresses
do
8,r 406 10, 862
1,069
Consuming establishments
do
985
79
71
Foreign cotton, total
do
199,
322
Exports
bales _ 189, 585
9,941
6,538
Imports
do
Prices (farm) , 'American upland
cents per Ib
34.6
34.0
Prices, wholesale, middling, 15/i6", average 14 mar34.4
kets
cents per Ib
34. 1
Cotton linters:!
Consumption
thous. of bales
i 100
112
1
Production
_ do
82
177
r
Stocks, end of month
_
do
1,587
I 470
706, 603
64
350, 853
6,635
34.7
59
4 13,696
720, 815 1892,892
5
6
1
849, 116
566 640
717 227
11 121
11 055
220
9,474
1,361
65
58 855
9 875
32.1
22 764
22 703
11,801
9 729
1 173
61
32.7
33.8
33.0
63
711, 286
62
389, 625 '496, 665 '334, 044
10, 129
16, 489
6,898
32.7
32.5
33.2
696, 354
4, 815
13, 928
r 12 646 fr 11 520
'r 17, 718 ' 16, 699 rr 15, 695 r 14, 469 ' 13 558
575
11,449
17, 654 ' 16 637 15 586 »• 14, 410 ' 13, 492 r 12,
r
r
'556
'273
2, 195 r 1, 426 f 1, 075
'730
500
11, 848
11, 162
9,705
13, 824
12, 668
10, 399
13, 445
1,843
1,832
1,774
1,471
1,676
1,635
1,767
703, 697 1801,748
' 20, 079 rr 18, 997
r
20, 015
18 938
' 5, 934 r 3, 618
12, 733
13, 803
1,348
1,517
U3.618
307, 456
16, 805
31.7
58
369,241
28,374
31.9
33.4
109
703, 240
66
71
70
239, 330 230, 690 280, 923
16, 594
12, 493
9,049
31.9
31.4
31.5
34.2
33.7
33.9
34.0
34.1
33.5
33.7
33.8
33.7
33.6
117
224
117
214
125
187
115
166
1,666
1,763
i 113
i 196
1,785
1,831
1,827
1137
i 140
1,793
135
102
1,738
142
87
1,666
i 129
*57
1,559
127
51
1,475
141
67
1,373
55, 821
6, 908
48, 511
10, 887
2,497
52, 641
9,953
44, 123
7,683
47, 427
7,035
2,594
64, 552
10, 940
47 886
8,481
49 821
9,492
2,451
41 467
9,305
37 192
9 435
26.34
34 9
16.0
16 1
26.65
34 9
16.3
16 1
.665
949
.668
955
19 840
18 335
11 789
484 1
481
8 937
10, 867
20 708
19 147
8 234
433
7,546
r
115 7
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production quarterly
mil. of linear yards Exports
thous. of sq. yd.Imports
_-do - Prices, wholesale:
Mill margins
cents per lb__
Denim, white back, 28-inch, 8 oz/yd.cents per yd._
Print cloth 39-inch 68 x 72
do
Sheeting, class B, 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. per lb._
36/2 combed, knitting
do. ..
Spindle activity (cotton system spindles) :!
Active spindles, last working day, total
thous-Consumins; 100 percent cotton
. .-do _
Spindle hours operated, all fibers, total__mil. of h r _ _
Average per working day
do
Consuming 100 percent cotton
do
Operations as percent of capacity d*
-- -
47, 160
5 110
2,302
50, 809
7,622
26.51
35.9
16 3
16.4
26.00
35.9
16.5
16.4
26.60
35.9
16.5
16.5
26.80
35.9
16.3
16.6
26.50
35.1
15.9
16.6
27.29
34.9
16.5
16.6
27.37
34.9
16.5
16.6
27.78
34.9
16.3
16.6
27.36
34 9
16.0
26.59
34 9
15.8
16 5
16 3
.633
.917
.633
.919
.642
.931
.637
.931
.642
.933
.659
.931
.664
.947
.665
.947
.664
.663
945
945
20, 633 20, 634
19, 276
19 306
9,171 i 11, 222
459
458
8, 583 i 110, 455
123 5
126 2
20, 696
19, 295
9, 735
493
9,042
r
134. 6
20, 782
19, 348
9,464
485
8,768
r
131. 3
20, 782
19, 282
9,934
497
9,184
138.0
20, 954
19, 429
10, 046
511
9,299
20 674
19 160
9' 594
488
8 854
r 134 6
19 824
18 302
9 678
r 140. 2
20,892
19,365
i 12, 400
496
i 11, 485
' i 138.4
r
20, 626
19, 136
111,059
442
i 10, 239
1
122. 5
1
135 7
r 1 132 3
27.21
p35 4
•p 16.3
p 16 9
28.91
P. 677
' 969
20 735
19 136
10 088
504
9 293
141 4
RAYON AND ACETATE AND MFS.
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 9
thous. of Ib
Prices, wholesale, viscose, f. o. b. shipping point:
Filament 150 denier
dol per Ib
Staple, l.f. denier
do
Rayon and acetate broad-woven goods, production,
quarterly total
thous of linear yards
53 2
35.8
62 1
32.4
64.2
32.4
66.9
33.5
70.4
34.9
65.8
35.4
67.9
33.0
39.1
77 5
33 0
70 5
30 2
68 8
30 2
73 2
30.1
5,785
64 8
30.3
7,535
61.4
33.1
8,300
58.9
33.6
9,915
55.6
32.0
12, 696
55.5
28.6
11, 906
50.4
25.8
11, 356
44.3
22.2
17, 734
39 3
22 1
18, 604
40 1
21 0
18, 800
780
.336
780
.780
.336
780
.336
.336
.780
.336
.780
.336
.780
.336
.830
.336
830
336
830
336
464, 858
407 576
r
65 4
27 5
72 8
33 2
43.6
20 5
17, 904
46.3
24 8
17 473
46.4
23 7
.830
336
.830
.336
*>
P. 830
336
7
471 726
•478, 901
SILK
Silk, raw:
Imports
thous. of Ib
Price, wholesale, white, Japanese, 20/22 denier, 87%
(AA), f. o. b. warehouse
_.dol. per lb_-
890
567
814
777
692
1, 400
812
879
585
658
492
505
4.68
4.83
4.75
4.78
4.60
4.61
4.53
4.46
4 56
4 58
4 60
4 76
?4 85
WOOL
Consumption, mill (clean basis):!
22 722 23 495 1 27, 041 r 20 682 23 193
21, 349
22, 725 i 27,121
18, 740 i1 22, 599
19, 850
23, 705 i 24, 405
Apparel class
thous. of Ib
10. 217
10. 336 i 11. 260
6.637
10. 380
9,095
9,960
11, 070
10, 195 i 12,676
9.185 i 11. 498
9,459
Caruet class
do
'Revised.
^Preliminary,
i Data7 cover a 5-week period.
2 Ginnings to December 13.
sGinnings to January 16.
* Total ginnings of 1954 crop.
« Ginnings to October 1.
6
October 1 estimate of 1955 crop.
Not strictly comparable with data prior to August 1955.
!Data for September and December 1954 and March and June 1955 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period
covered.
§Total ginnings to end of month indicated.
<f Beginning August 1954, the operation rate is calculated on a 5-day, 80-hour week without any adjustment for holidays. Comparable data for January-July 1954: 124.9; 126.0; 125.5;
123.2; 122.7; 120.3; 98.5.
9 Revision for March 1954, 2,269,000 pounds.
SURVEY OF CUEEENT BUSINESS
S-40
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1955
1954
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES— Continued
Wool imports, clean content _ __
_ thous. of Ib
Apparel class (dutiable), clean content
do
Wool 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._
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
dol per Ib
Woolen and worsted woven goods, except woven
felts:
Production, quarterly, total
_ _ thous. of lin. yd
Apparel fabrics total
do
Government orders
do
Other than Government orders total
do
Men's and boys'
do
Women's and children's
do
Nonappartl fabrics total
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel men's and boys'
1947-49—100
Garbardine women's and children's
do
18, 478
9,401
17, 757
1.762
1.211
1.771
1.220
8,085
r
13, 897
7,884
14, 453
8,316
1.712
1.196
1.600
1.075
17, 063
r
r
19 666
12, 066
17 956
9,313
26, 938
13, 071
23 703
11, 565
23 578
11,688
22, 999
10, 331
22, 876
9,517
1.560
1.135
1.550
1.146
1.556
1.191
1.535
1.138
1.495
1.095
1.475
1.072
1.435
1.066
1.425
1.086
7,828
1. 385
1.069
1.325
1.020
1.275
1.725
1.725
1.725
1.675
1.625
1.525
1.475
1.475
1.475
1.475
1.475
1.475
1. 395
2.037
2.037
2 013
1.989
1.928
1 928
1 916
1.916
1 879
1 867
1.867
1.867
p 1. 844
112.9
97.3
112.9
97.3
112.9
97.3
538
72, 493
67, 604
458
67 146
28, 043
39, 103
4 889
2,949
112 9
103.6
73, 764
69 564
1,105
68 459
36, 377
32 082
5,486
4 200
2,815
1 385
2, 554
2,942
1,940
112.9
103.6
74, 972
69, 476
1,208
68, 268
34, 038
34 230
111.6
103.6
112.1
103.6
112 1
103.6
112 1
103.6
112.1
97.3
84, 024
80 037
2,755
77 282
37, 268
40 014
3,987
2,971
1,016
112 1
97.3
112.1
97.3
112 9
97.3
478
438
762.5
111
1. 139. 2
1, 211. 9
175
354
932.5
201
241
757.0
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft (complete), shipments
Airframe weight
Exportsd" -
265
885.3
'93
174
574.8
^68
288
698.0
290
522.4
'97
859. 2
83
357
962.9
115
1,032 1
'126
369, 942
287, 730
587, 785
766, 169
725, 379
744, 942
894, 597
849, 393
767, 182
768, 621
716, 163
300, 998
292, 721
68,618
498, 248
477, 927
89, 232
72, 862
669, 936
643, 763
95, 811
79, 767
635, 513
611, 040
89, 676
' 73, 947
677, 705
648, 616
67, 061
55, 253
791, 280 753, 434 721, 139
765, 663 727, 907 697, 471
102, 992 127, 887 127, 941
r
86, 060 '110, 176 '108, 362
647, 658
629, 185
119, 215
r
101, 625
658, 736
643, 402
109, 589
93, 739
620, 610
602 959
95, 119
50, 845
221, 195
214, 913
66, 138
48, 966
27, 037
11, 762
15, 275
26, 645
22, 224
17, 089
15, 867
29, 261
12, 519
16, 742
33, 458
17, 381
16, 077
30, 903
15, 181
15, 722
do
-do
do
do
3,899
3,740
2,052
159
4,271
4,105
4,521
do
do
440, 312
64,180
407, 844
66, 174
2 450
2,958
_ number
thous. of Ib
- - number
265
671.5
'73
350
162
486
185
MOTOR VEHICLES
Factory sales, total
Coaches, total
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic. _._
521, 450
number
309
. do
306
do
445, 306
do
431, 371
do
75, 835
do
do_ __ 60,263
, _. __ .. _.
_ _
Exports, total ©
Passenger cars
Trucks and buses © .
do.
do
do
Truck trailers, production, total
Complete trailers
. .
Vans.
Trailer chassis
_
Registrations:
New passenger cars
New commercial cars
326
314
9,556
2,256
166
397
385
6,357
305
251
422
332
190
185
176
148
325
267
' 35, 010 ' 38, 642 r 36, 271 ' 37, 136 '40,607
24, 136 ' 23, 000
20, 393 ' 21, 670 23, 256
' 14, 617 ' 16, 972 '13,015 ' 13, 000 T 17, 607
4,876
4,743
2,822
133
4,925
4,726
2,823
199
4,750
4,602
2,849
148
5,226
5,029
3,091
197
3,739
262
395, 943
71, 254
381, 081
656, 611
440, 024
62, 231
476, 584
56, 242
636, 534
2,348
1,770
1,085
1,428
1,369
2,014
1,605
1,605
2,603
2,063
1,913
4,356
2,551
165
64,735
881,840
519
501
69,838
6,402
313
266
35,293
19, 343
15, 950
309
237
296
256
434
410
80,077
6,360
6,068
3,704
292
6,336
6,034
3,843
302
7,368
7,082
4,491
5,989
5,799
3,593
190
7,242
7,038
4,483
204
64,732
651, 855
79, 071
661, 304
82, 086
681, 372
90,005
647, 245
84, 413
658,964
3,133
3,075
4,320
2,675
2,438
3,057
2,862
6,140
286
*2 461,666
*2S8,000
92, 079
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments total
number
Equipment manufacturers, total
.
do
Domestic
do
Railroad shops, domestic _ _ _ _ _ _ _
do
Passenger cars, equipment manufacturers:
Orders unfilled, end of month, total
do
Domestic
do
Shipments, total
_ - _ _ _ _ _ _ _ do
Domestic
do
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
thousands
Undergoing or awaiting classified repairs
thousands
Percent of total owned
Orders unfilled
number
Equipment manufacturers
.
do
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number
Percent of total on line
_ _
Diesel-electric and electric: Orders, unfilled
number of power units
Exports of locomotives, total
.. _
. number .
2,232
4,732
1,460
1,600
1,208
1,358
1,010
617
685
540
2,368
2,068
765
908
3,187
1,935
1,545
450
291
52
25
587
448
42
22
563
434
38
25
514
405
54
34
757
671
57
34
761
693
40
18
725
672
36
21
953
918
45
27
920
896
36
25
1,024
1,007
1,001
49
41
982
55
48
993
977
39
33
952
937
45
42
1,753
1,750
1,745
1,739
1,736
1,733
1,730
1,727
1,723
1,720
1,717
1,709
1,704
122
6.9
11,016
126
7.2
123
7.0
120
6.9
121
7.0
124
7.1
96
5.6
7,248
9,722
18, 001
18, 193
17, 030
103
6.0
11, 785
17, 096
6,981
10, 115
114
6.6
10, 232
16, 970
117
6.8
110
6.4
13, 639
6,581
116
6.7
11, 761
11, 958
990
837
3,911
7,105
4,403
5,829
1,102
11.4
1,233
13.1
1,338
807
804
13, 624
409
6,235
1,645
1,732
1,690
1,325
1,954
1,284
44, 622
23, 613
11, 440
27, 848
15, 459
12, 389
21,009
94
5.5
50,087
27,201
22,886
5,590
7,058
6,078
7,546
1,237
13.5
1,226
13.9
1,227
14.5
1,290
15.6
1,298
16.1
1,215
15.7
1,247
16.5
1,186
16.2
1,204
16.7
1,228
17.4
1,105
16.5
704
4,952
6,833
6,240
1,989
1,664
1,086
99
115
158
267
493
472
455
428
360
385
470
467
34
39
32
33
29
28
42
45
49
38
22
59
357
357
348
359
394
387
342
444
359
507
425
476
406
678
833
578
533
521
455
506
346
1,449
1,652
1,808
1,647
3,926
2,188
1,961
2,163
INDUSTRIAL TRUCKS AND TRACTORS
Trucks, electric, shipments:
Hand (motorized)*
number
Rider-type
do
Trucks and tractors, gasoline-powered, shipments*
niimbfir
r
J
Revised.
* Preliminary.
Preliminary estimate of production based on Ward's Automotive Reports. Production for preceding month: 614,000 passenger cars; 98,000 trucks.
cfExports revised beginning January 1954 to include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total; revisions for January-July 1954 (number): 94; 71; 111; 123; 106; 78; 113.
0 Re visions for June 1954 (number): Total, 30,380; trucks and buses, 15,683.
§ Excludes railroad-owned private refrigerator cars.
*New series. Data prior to January 1955 are not available.
U. S. G O V E R N M E N T P R I N T I N G O F F I C E : 1955
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Acids
24
Advertising
8, 9
Agricultural employment
11
Agricultural loans and foreign trade
16, 17, 21,22
Aircraft and parts
2, 12, 13, 14, 15,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
2, 6, 8, 27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
11, 13, 14, 15, 34
Apparel
2,3,6,8,9, 10, 12, 13, 14, 15,39
Asphalt and asphalt products
36
Automobiles
2, 3, 8, 9, 12, 13, 14, 15, 16, 17, 22, 40
Pages marked S
Foreclosures, real estate
8
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21, 22
Foundry equipment
34
Freight carloadings
23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
5, 6, 22, 28
Fuel oil
„
35
Fuels
6,34,35
Furnaces
34
Furniture
2 , 3 , 6 , 9 , 10,12, 14,15,17
Furs
22
Bakery products
2, 12, 13, 14, 15
Balance of payments
21
Banking
14, 16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2,6,8, 12, 13, 14, 15, 27
Bituminous coal
11, 13, 14, 15, 35
Blast furnaces, steel works, etc
12, 14, 15
Blowers and fans
34
Bonds, issues, prices, sales, yields
17,19, 20
Book publication
37
Brass and bronze
33
Brick
38
Brokers' loans and balances
16, 19
Building and construction materials
8, 9, 10
Building costs
7, 8
Business incorporations, new
5
Business sales and inventories
3
Butter
27
Gas, prices, customers, sales, revenues
6, 27
Gasoline
9, 36
Glass products
38
Generators and motors
34
Glycerin
24
Gold
18
Grains and product
5, 6, 22,23,28, 29
Grocery stores
9, 10
Gross national product
1
Gross private domestic investment
1
Gypsoim and products
6, 38
Cans (metal), closures, crowns
32, 33
Carloadings
23
Cattle and calves- _ _
29
Cement and concrete products
6, 38
Cereals and bakery products
6, 12, 13, 14, 15
Chain-store sales (11 stores and over only)
10
Cheese
27
Chemicals
2, 3, 4, 6, 12, 13, 14, 15, 19, 22, 24
Cigarettes and cigars
6, 30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc.)
6, 38
Coal
3, 6, 11, 13, 14, 15, 22, 23, 34, 35
Cocoa
22,29
Coffee-__
22,30
Coke
23,35
Commercial and industrial failures
5
Communications
11, 13, 14, 15, 19, 20, 24
Confectionery, sales
29
Construction:
Con-tracts awarded
7
Costs
7,8
Dwelling units
7
Employment, earnings, hours, wage rates.11,
13, 14, 15
Highways and roads
7, 8, 15
New construction, dollar value
1,7
Consumer credit
16, 17
Consumer durables output, index
3
Consumer expenditures
1,9
Consumer price index
6
Copper
22, 33
Copra and coconut oil
25
Corn
28
Cost-of-living index (see Consumer price
index)
6
Cotton, raw and manufactures
2, 5, 6, 22, 39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16, 17
Crops
2, 5, 26, 28,30,39
Crude oil and natural gas
3
Currency in circulation
18
Dairy products.
2, 5, 6, 12, 13, 14, 15, 27
Debits, bank
16
Debt, United States Government
17
Department stores
9, 10, 11, 17
Deposits, bank
16, 18
Disputes, industrial
13
Distilled spirits
27
Dividend payments, rates, and yields
1, 18, 19, 20
Drug-store sales
9, 10
Dwelling units, new
7
Earnings, weekly and hourly
14, 15
Eating and drinking places
9, 10
Eggs and poultry
2, 5, 29
Electric power
6, 26
Electrical machinery and equipment
2,
3,6, 12, 13, 14, 15, 19,22,34
Employment estimates and indexes
11,12
Employment Service activities
13
Engineering construction
7,8
Expenditures, United States Government
17
Explosives
25
Exports (see also individual commodities)
21, 22
Express operations
23
Failures, industrial and commercial
5
Farm income, marketings, and prices
1, 2, 5, 6
Farm wages
15
Fats and oils, greases
6, 25, 26
Federal Government
finance
17
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
16
Fertilizers
6, 25
Fiber products
34
Fire losses
8
Fish oils and
fish
25,30
Flaxseed
26
Flooring
31
Flour, wheat
29
Food products
2,3,4, 5,6,
8, 9, 10, 12, 13, 14, 15, 18, 22, 27, 28, 29, 30
Hardware stores
6,9
Heating apparatus
34
Hides and skins
6, 22, 30
Highways and roads
7, 8, 15
Hogs
29
Home Loan banks, loans outstanding
8
Home mortgages
8
Hosiery
39
Hotels
11, 13, 14, 15, 24
Hours of work per week
12, 13
Housefurnishings
6, 8, 9, 10
Household appliances and radios
3, 6, 9, 34
Imports (see also individual commodities)
21, 22
Income, personal
1
Income and employment tax receipts
17
Industrial production indexes
2,3
Installment credit
16, 17
Installment sales, department stores
10
Instruments and related products. 2, 3, 12, 13, 14, 15
Insulating materials
34
Insurance, life
18
Interest and money rates
16
International transactions of the U. S
21, 22
Inventories, manufacturers' and trade
3,4, 10
Iron and steel, crude and manufactures
2,
6,8,12,14,15,19,22,32,33
Kerosene.
35
Labor disputes, turnover
Labor force
Lamb and mutton
Lard
Lead
Leather and products
3,6, 12, 13, 14, 15,30,31
Linseed oil
26
Livestock
2, 5,6,23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8, 16, 17, 19
Locomotives
40
Lubricants
36
Lumber and products
2,
3, 4, 6, 8, 9, 10, 12, 14, 15, 18, 31, 32
Machine activity, cotton
39
Machine tools
34
Machinery
2 , 3 , 4 , 5 , 6 , 12, 14, 15,19,22,34
Magazine advertising
8
Mail-order houses, sales
11
Manufacturers' sales, inventories, orders
3, 4, 5
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11, 12, 13, 14, 15
Margarine
26
Meats and meat packing
2, 5, 6, 12, 13, 14, 15, 29
Medical and personal care
6
Metals
2, 3, 4, 5, 6, 11,12, 13, 14, 15, 19, 32, 33
Methanol
24
Milk
27
Minerals and mining
2, 3, 11, 13, 14, 15,19, 20
Monetary statistics
18
Money supply
18
Mortgage loans
8, 16, 18
Motor carriers
23
Motor fuel
36
Motor vehicles
6,9, 19,40
Motors, electrical
34
National income and product
1
National parks, visitors
24
National security
1,17
Newspaper advertising
8,9
Newsprint
22, 37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2, 6, 12, 14, 15, 19, 22, 33
Noninstallment credit
17
Oats
28
Oil burners
34
Oils and fats, greases
6, 25, 26
Orders, new and unfilled, manufacturers'
5
Ordnance
11, 12, 14, 15
Paint and paint materials
6,26
Panama Canal traffic
23
Paper and products and pulp
2
3,4,6,12,13,14,15, 18,36,37
Passports issued
24
Payrolls, indexes
12
Personal consumption expenditures
1, 9
Personal income
1
Personal saving and disposable income
1
Pages marked S
Petroleum and products
2,
3, 6, 12, 13, 14, 15, 19, 22, 35, 36
Pig iron
32
Plant and equipment expenditures
2, 19
Plastics and resin materials
26
Plywood
32
Population
11
Pork
29
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumer price index
6
Received and paid by farmers
5
Retail price indexes
6
Wholesale price indexes
6
Printing and publishing
2, 3, 12, 13, 14, 15, 37
Profits, corporation
1, 18, 19
Public utilities
. _ 2, 6,
7, 11, 13, 14, 15, 18, 19, 20, 26, 27
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radiators and cpnvectors
34
Radio and television
3, 6, 8, 34
Railroads
2,
11,12,13, 14,15,19,20,23,40
Railways (local) and bus lines
11, 13, 14, 15, 23
Rayon and rayon manufactures
39
Real estate
8, 16, 18, 19
Receipts, United States Government
17
Recreation
6
Refrigerators, electrical
34
Rents (housing), index
6
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores
3, 5, 9, 10, 11, 13, 14, 15, 17
Rice
28
Roofing and siding, asphalt
36
Rubber (natural, synthetic, and reclaimed),
tires and tubes..
6, 22,37,38
Rubber products industry, production index,
sales, inventories, prices, employment, payrolls, hours, earnings
2, 3, 4, 6, 12, 13, 14, 15
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
19
Services
1,9, 11, 13, 14, 15
Sewer pipe, clay
38
Sheep and lambs
29
Ship and boat building
12, 13, 14,15
Shoes and other footwear. _. 6, 9, 10, 12, 13, 14, 15,31
Shortening
26
Silk, prices, imports
6,39
Silver
18
Soybeans and soybean oil
26
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel)
2, 32, 33
Steel scrap
32
Stocks, department stores (see also Inventories)
11
Stocks, dividends, prices, sales, yields, listings _
20
3
Stone and earth minerals
Stone, clay, and glass products
2,
3,4,12,14,15, 19,38
34
Stoves.
Sugar.
22,30
25
Sulfur
24
Sulfuric acid
25
Superphosphate.
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 20, 24
Television and radio
3, 6, 8, 34
Textiles
2,3,
4, 6, 12, 13, 14, 15, IS, 22, 39, 40
Tile
38
Tin
22,33
Tires and inner tubes
6,9, 10, 12, 13, 14, 15,38
Tobacco
2 , 3 , 4 , 5 , 6 , 8 , 12, 13, 14, 15, 22,30
Tools, machine
34
Tractors
34
Trade, retail and wholesale
3,
5,9, 10, 11, 13, 14, 15, 17
Transit lines, local
23
Transportation and transportation equipment2,
3, 4, 5, 6, 9, 11, 12, 13, 14, 15, 19, 23, 40
Travel
24
Truck trailers
40
Trucks
2,40
Unemployment and compensation
11,13
United States Government bonds
16, 18, 19, 20
United States Government
finance
17
Utilities
2,
6, 7,11,13,14,15,19,20,26,27
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
34
9, 10
25, 26
5, 6, 22, 28
23
13, 17
Wages and salaries
1, 14, 15
Washers
34
Water heaters
34
Wax
36
Wheat and wheat
flour
28, 29
Wholesale price indexes
6
Wholesale trade
3,5,11,13, 14, 15
Wood pulp
36
Wool and wool manufactures
2, 5, 6, 22, 39, 40
Zinc.
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D. C.
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $3OO
<GPO)
OFFICIAL BUSINESS
First-Class Mail
Foreign
Aid
by the
United States
Government
1940-1951
Never before has the whole complex oj foreign aid programs over
the years been so conveniently set down in such short space.
—New York Times.
Available from
The Superintendent of Documents, U. S. Government Printing Office,
Washington 25, D. C., or the nearest Field Office of the Department
of Commerce. 118 pages, illustrated. Price $1.00 a copy.
@FedFRASER